[Yuen Chang] Announcement on behalf of subsidiary Ningbo Qiyi Metal Co., Ltd. regarding the board's resolution on capital increase from retained earnings

1. Date of the board of directors resolution: 2026/04/16 2. Source of capital increase: Retained earnings from fiscal year 2025 3. Whether to adopt shelf registration for the issuance of new shares (if yes, please specify the expected issuance period / no): No 4. Total amount and number of shares issued (if it is a capital increase from retained earnings or capital reserve, the number of issued shares does not include the portion allotted to employees): Total issuance amount is USD 5,000,000; number of shares is not applicable. 5. For cases adopting shelf registration for the issuance of new shares, the current issuance amount and number of shares: Not applicable 6. For cases adopting shelf registration for the issuance of new shares, the remaining balance and number of shares after this issuance: Not applicable 7. Par value per share: Not applicable 8. Issue price: Not applicable 9. Number of shares subscribed by or allocated to employees: Not applicable 10. Number of shares publicly sold: Not applicable 11. Ratio of subscription or gratuitous allocation to original shareholders: Not applicable 12. Handling method for fractional shares and overdue unsubscribed shares: Not applicable 13. Rights and obligations of the newly issued shares: Same as the originally issued shares. 14. Purpose of the funds from this capital increase: To increase working capital. 15. Other matters needing explanation: None