Ching Cheng Technology Board Resolves to Increase Capital in 100%-Owned Subsidiary GBM Electronics (M) Sdn. Bhd.

1. Name and Nature of the Target (for preferred shares, issuance conditions such as dividend rate should also be specified): GBM Electronics (M) Sdn. Bhd., Ordinary Shares 2. Date of Occurrence: 2026/4/28~2026/4/28 3. Date of Board Resolution: April 28, 2026 4. Other Approval Dates: Not applicable 5. Transaction Volume, Unit Price, and Total Transaction Amount: Transaction Volume: 70,000,000 shares Unit Price: MYR 1 per share Total Transaction Amount: MYR 70,000,000 (approximately NTD 564,144 thousand) 6. Counterparty and its Relationship with the Company (for natural persons, if not a related party of the company, their name may be omitted): GBM Electronics (M) Sdn. Bhd.; a 100% owned subsidiary of the company 7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date and amount should be disclosed: Not applicable 8. If the owner of the transaction target has been a related party of the company within the past five years, the related party's acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be disclosed: Not applicable 9. Matters related to the disposal of claims (including the type of collateral attached to the claims, if the claims belong to related parties, the name of the related party and the book value of the disposed claims of that related party should be announced): Not applicable 10. Disposal gains (or losses) (not applicable to acquisition of securities) (for deferred items, the recognition status should be listed): Not applicable 11. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Covenants: Payment terms: Handled according to board resolution Contractual restrictions and other important covenants: None 12. Decision-making method, reference basis for price determination, and decision-making unit for this transaction: Handled according to board resolution 13. Net asset value per share of the acquired or disposed securities target company: NTD 9.30 14. As of now, the cumulative number, amount, shareholding ratio, and restricted rights (such as pledges) of these transaction securities (including this transaction) held: Number: 270,000,000 shares Amount: MYR 270,000,000 Shareholding ratio: 100% Restricted rights: None 15. As of now, the proportion of investment in securities (including this transaction) listed in Article 3 of the 'Regulations Governing the Acquisition and Disposal of Assets by Public Companies' to the total assets and owners' equity attributable to the parent company in the latest financial report, and the amount of working capital in the latest financial report (Note 2): Proportion of total assets: 43.7% Proportion of shareholders' equity: 80.8% Working capital: NTD (6,707,408) thousand 16. Brokers and Brokerage Fees: Not applicable 17. Specific Purpose or Use of Acquisition or Disposal: Long-term investment 18. Opinions of dissenting directors on this transaction: None 19. This transaction is a related party transaction: Yes 20. Date of Approval by Supervisors or Audit Committee: April 28, 2026 21. Accountant's opinion on non-reasonableness of this transaction: Not applicable 22. Accountant Firm Name: Not applicable 23. Accountant Name: Not applicable 24. Accountant License Number: Not applicable 25. Does it involve changes in business model: No 26. Explanation of business model changes: Not applicable 27. Transaction status with the counterparty in the past year and expected next year: Not applicable 28. Source of funds: Not applicable 29. Date of previous material information release on the same event: Not applicable 30. Other matters to be specified: Exchange rate MYR:NTD =1: 8.0592. Explanation of the source of funds for acquiring these securities despite the company's negative working capital: The company plans to borrow from banks to acquire the equity capital increase of its subsidiary. Keywords: Material Information