1805 Baolei Announces Expiration of Audit and Compensation Committee Members' Term and New Appointments

Release Date: June 27, 115 Statement Date: June 26, 115 Statement Time: 14:18:18 Company Code: 1805 Company Name: Baolei Subject: Announcement of expiration of term for members of the Audit Committee and Compensation Committee, and disclosure of new members. Applicable Clause: Clause 6 Event Date: June 26, 115

1. Date of Change: June 26, 115 2. Name of Functional Committee: Audit Committee and Compensation Committee 3. Former Members: Audit Committee and Compensation Committee: Independent Director: Huang Guo-Shi Independent Director: Li Pei-Chang Independent Director: Guo Yu-Xin Independent Director: Dai Jia-Wei

4. Former Members' Resumes: Huang Guo-Shi: Independent Director of the Company / Partner Accountant, Kang Chu United Accounting Firm Li Pei-Chang: Independent Director of the Company / Managing Partner Lawyer, Liu He Law Firm Guo Yu-Xin: Independent Director of the Company / Chairman, Shi Yu Group Dai Jia-Wei: Independent Director of the Company

5. New Members: Audit Committee and Compensation Committee: Independent Director: Guo Yu-Xin Independent Director: Dai Jia-Wei Independent Director: Lin Dong-Qiao Independent Director: Ma Zai-Qin

6. New Members' Resumes: Guo Yu-Xin: Independent Director of the Company / Chairman, Shi Yu Group Dai Jia-Wei: Independent Director of the Company Lin Dong-Qiao: Partner Accountant, PricewaterhouseCoopers United Accounting Firm Ma Zai-Qin: Managing Attorney, Ma Zai-Qin Law Office

7. Nature of Change: Term Expiration 8. Reason for Change: Full renewal of the board of directors; the Audit Committee is now composed entirely of newly appointed independent directors, and the Compensation Committee members have been reappointed by the board. 9. Previous Term: June 21, 112 – June 20, 115 10. Effective Date of New Appointments: June 26, 115 11. Other Matters to be Clarified: None