The Company announces that Board of Directors approval of capital reduction to offset losses.

1.Date of the board of directors resolution:2024/03/07

2.Reason for capital reduction:In order to improve the financial

structure and future operational development needs.

3.Amount of capital reduction:NT$350,419,990

4.Cancelled shares:35,041,999 shares

5.Capital reduction percentage:25.00%

6.Share capital after capital reduction:NT$1,051,259,990

7.Scheduled date of the shareholders meeting:2024/05/24

8.Estimated no.of listed common shares after issuance of new shares

upon capital reduction:99,725,999 shares

9.Estimated ratio of listed common shares after issuance of new shares upon

capital reduction to outstanding common shares:94.86%

10.Please explain any countermeasures for lower circulation in

shareholding if the aforesaid estimated no.of listed common shares upon

capital reduction does not reach 60 million and the percentage does not

reach 25%:NA

11.The record date for capital reduction:NA

12.Any other matters that need to be specified:None