【Long Ming Green Energy】Announcement of the Board of Directors' Resolution to Conduct a Private Placement of Common Shares for 2026

1. Date of Board of Directors' resolution: 2026/05/11
2. Type of privately placed securities: Common shares
3. Private placement subscribers and their relationship with the company:
(1) Limited to specific persons in accordance with Article 43-6 of the Securities and Exchange Act and the Financial Supervisory Commission's Order No. 1120383220 dated September 12, 2023. Currently, there are no confirmed subscribers.
(2) As insiders have a relatively good understanding of the company's operations, to enhance the feasibility of this private placement, the subscribers for this private placement of common shares are intended to include insiders.
List of insiders:
(1) Hsu Chien-Lung: Chairman of the Company
(2) Kuo Hui-Lan: Vice Chairman of the Company
(3) Hua Yang Venture Capital Co., Ltd.: Corporate Director of the Company
(4) Pan Chi-Hsiu: Director of the Company
(5) Chou Chi-Ping: Director of the Company
(6) Yong Tai Enterprise Co., Ltd.: Shareholder holding over 5% of shares
(3) If the subscriber is a strategic investor:
(1) Selection method and purpose of subscribers: Such subscribers may enhance the company's profitability through their experience, technology, and knowledge, or improve the company's financial capital structure and provide business niches, whether individuals or legal entities.
(2) Necessity: It can enhance the company's competitive advantage, improve the company's financial health, and significantly benefit and be necessary for the company's long-term business development.
(3) Expected benefits: It will help the company expand its business, improve its financial capital structure, and achieve the benefits of enhancing the company's future operating performance.
(4) Currently, there are no confirmed strategic investors.
4. Number of privately placed shares or units: Not exceeding 52,000,000 shares, authorized by the shareholders' meeting to the Board of Directors, to be carried out in six installments within one year from the date of the shareholders' meeting resolution.
5. Maximum private placement amount: Limited to not exceeding 52,000,000 shares.
6. Basis and reasonableness of private placement price determination:
The issue price will not be lower than 80% of the higher of the following two calculation bases:
(1) The simple arithmetic average of the closing prices of common shares for one, three, or five business days selected before the pricing date, after deducting ex-rights for bonus shares and ex-dividends, and adding back ex-rights for capital reduction.
(2) The simple arithmetic average of the closing prices of common shares for thirty business days before the pricing date, after deducting ex-rights for bonus shares and ex-dividends, and adding back ex-rights for capital reduction.
The actual pricing date and actual private placement price will be authorized to the Board of Directors to determine based on the specific circumstances of contacting specific persons in the future, within the range not lower than the percentage resolved by the shareholders' meeting. The determination of the aforementioned issue price, in addition to considering the three-year transfer restriction on privately placed securities under the Securities and Exchange Act, is based on relevant laws and regulations and the closing price of common shares, which should be reasonable.
7. Purpose of funds from this private placement: For six installments to replenish working capital, repay borrowings (including but not limited to bank loans, loans from other related parties or non-related parties), long-term equity investments, M&A for new business development, purchase of related real estate and equipment, strengthening financial capital structure, or funding new business expansion needs.
8. Reasons for not adopting public offering: Considering factors such as capital market conditions, issuance costs, and the relative timeliness and convenience of private placement, to facilitate the introduction of strategic investors and insiders, and because privately placed shares have transfer restrictions, which can better ensure a long-term cooperative relationship with strategic investors, a private placement is adopted for this cash capital increase and new share issuance instead of a public offering.
9. Independent director's dissenting or reserved opinion: None.
10. Actual pricing date: Not applicable
11. Reference price: Not applicable
12. Actual private placement price, conversion or subscription price: Not applicable
13. Rights and obligations of new shares in this private placement: The rights and obligations of the common shares in this private placement are generally the same as the company's issued common shares. However, in accordance with the Securities and Exchange Act, these privately placed common shares are generally not freely transferable within three years after issuance. After three years from issuance, the company intends to apply to the competent authority for public issuance and listing of these privately placed common shares in accordance with relevant regulations such as the Securities and Exchange Act.
14. For those with conversion, exchange, or subscription rights, the share conversion record date: Not applicable
15. For those with conversion, exchange, or subscription rights, the possible dilution of equity: Not applicable
16. For those with conversion or subscription rights, the possible impact on the ratio of listed common shares after the delivery of privately placed corporate bonds and assuming full conversion or subscription of common shares (number of listed common shares A, A/total issued common shares): Not applicable
17. If the estimated listed common shares in the preceding item are less than 60 million shares and less than 25%, please explain the countermeasures for low equity liquidity: Not applicable
18. Other matters that should be specified: For any matters not covered in this private placement of common shares, the Board of Directors is authorized by the shareholders' meeting to adjust, determine, and handle them in consideration of industry conditions. If there are changes due to instructions from the competent authority or based on operational assessment or objective environmental needs in the future, the Board of Directors is also fully authorized to handle them. For any matters not covered above, unless otherwise provided by law, the Chairman is fully authorized to handle them in accordance with the law.