Hsiang Yao Announces Important Board Resolution

1. Date of Event: 115/07/06

2. Company Name: Hsiang Yao Industrial Co., Ltd.

3. Relationship with Company (please enter本公司or Subsidiary):本公司

4. Cross-shareholding Ratio: Not applicable

5. Reason for Occurrence: The company convened a board meeting on July 6, 115, and passed an important resolution approving the proposal by its key subsidiary, Jing Yun Technology Co., Ltd., to publicly auction its factory land and buildings in Tainan.

6. Response Measures: Following this resolution, Jing Yun Technology Co., Ltd. will, in accordance with the Company Act, asset acquisition and disposition procedures, and relevant regulations, submit the matter for approval at its shareholders' meeting, and proceed with the public auction and related announcements and filings.

7. Other Matters to be Disclosed (if the subject of the event or resolution is a publicly listed company or above, this material information also qualifies as a matter under Article 7, Paragraph 9, Item 9 of the Enforcement Rules of the Securities and Exchange Act that significantly affects shareholders' rights or securities prices):

The reserve price for this auction is tentatively set at NT$820,000,000. However, the actual counterparty, transaction price, terms, and financial impact will be determined based on the results of the subsequent public auction, actual transaction terms, and the review or audit by certified public accountants.