The board of directors of the company approved the disposal of the equity of the investment company Shanghai Les Enphants Children Articles Co., Ltd.

1.Date of occurrence of the event:2025/09/10

2.Method of the current increase (decrease) in investment:

L.E. Venture Co., Ltd., a subsidiary of the Company, disposed of

its 100% equity interest in Shanghai Les Enphants Children Articles

Co., Ltd., a subsidiary of the Company in mainland China.

3.Date of the board of directors resolution:2025/09/10

4.Other approval date:N/A

5.Amount, unit price, and total monetary amount of the transaction:

Number of transactions: 100% equity interest in Shanghai Les Enphants

Children Articles Co., Ltd.

Total transaction amount: estimated RMB400,000,000, subject to necessary

adjustments in accordance with the terms stipulated in the signed transfer

agreement.

6.Company name of the mainland Chinese investee:

Shanghai Les Enphants Children Articles Co., Ltd.

7.Paid-in capital of aforementioned mainland Chinese investee:

NT$1,295,060 thousands

8.Amount of capital increase currently planned for the aforementioned

mainland Chinese investee:N/A

9.Main businesses of the aforementioned mainland Chinese investee:

Sales of baby and children's clothing and products, factory leasing and

property management.

10.Type of CPA opinion in the latest annual financial statements of the

aforementioned mainland Chinese investee:unqualified opinion

11.Total equity of the aforementioned mainland Chinese investee in the latest

annual financial statements:RMB 315,098,085.79

12.Amount of profit/loss of the aforementioned mainland Chinese investee in

the latest annual financial statements:RMB -2,477,021.74

13.Amount of actual investment in the aforementioned mainland Chinese

investee, up to the present moment:NT$ 975,858 thousands

14.Trading counterparty and its relationship with the Company:

Trading counterparty:Shanghai Hongantu Commercial Managment Co., Ltd.

Relationship with the Company: None

15.Where the trading counterparty is a related party, announcement shall

also be made of the reason for choosing the related party as trading

counterparty and the identity of the previous owner, its relationship with

the Company and the trading counterparty, and the previous date and monetary

amount of transfer:N/A

16.Where an owner of the underlying assets within the past five years has

been a related party of the Company, the announcement shall also include the

date and price of acquisition and disposal by the related party, and its

relationship with the Company at the time of the transaction:N/A

17.Profit (or loss) upon disposal: RMB 195,000,000~205,000,000

18.Terms of delivery or payment (including payment period and monetary

amount), restrictive covenants in the contract, and other important terms

and conditions: According to the contract

19.The manner in which the current transaction was decided, the reference

basis for the decision on price, and the decision-making unit:

The transaction has obtained a fairness opinion and an assessment of the

impact on the rights and interests of the listed company's shareholders

from an independent expert, and has been approved by the board of directors.

20.Broker:None

21.Concrete purpose of the acquisition or disposal:

For operation strategy consideration

22.Any dissenting opinions of directors to the present transaction:None

23.Whether the counterparty of the current transaction is a related party:No

24.Date of ratification by supervisors or approval by

the Audit Committee:2025/09/10

25.Total amount of investment in mainland China (including the current

investment) approved by the Investment Commission, up to the present moment:

NT$2,680,592 thousands

26.Ratio of the total amount of investment in mainland China (including the

current investment) approved by the Investment Commission, up to the present

moment, to the paid-in capital on the latest financial statements:255%

27.Ratio of the total amount of investment in mainland China (including the

current investment) approved by the Investment Commission, up to the present

moment, to the total assets on the latest financial statements:84%

28.Ratio of the total amount of investment in mainland China (including the

current investment) approved by the Investment Commission, up to the present

moment, to equity attributable to owners of the parent on the latest

financial statements:845%

29.Total amount of actual investment in mainland China, up to the present

moment:NT$1,564,672 thousands

30.Ratio of the total amount of actual investment in mainland China, up to

the present moment, to the paid-in capital on the latest financial

statements:149%

31.Ratio of the total amount of actual investment in mainland China, up to

the present moment, to the total assets on the latest

financial statements:49%

32.Ratio of the total amount of actual investment in mainland China, up to

the present moment, to equity attributable to owners of the parent on the

latest financial statements:493%

33.Amount of recognized profit (loss) on investment in mainland China for

the last three years:

For the year 2024, recognized investment loss of NTD 478,219 thousands.

For the year 2023, recognized investment loss of NTD 756,657 thousands.

For the year 2022, recognized investment loss of NTD 908,147 thousands.

34.Amount of profit remitted back to Taiwan for the last

three years:None

35.Whether the CPA issued an unreasonable opinion regarding the current

transaction:No

36.Name of the CPA firm:ATAX Accounting Firm

37.Name of the CPA:Cheng Yun Ta

38.Practice certificate number of the CPA:Jin-Guan-Cheng No.5720

39.Date on which material information regarding the same event

has been previously released:NA

40.Any other matters that need to be specified:

1.According to the MOU, Beijing Hony Qiyuan Enterprise Management

Company Limited may, either by itself or through its affiliated enterprises,

invest in the establishment of a company—its official name subject to

registration approval. The company was ultimately established under the name

Shanghai Hongantu Commercial Managment Co., Ltd., which acquired 100% equity

of Shanghai Les Enphants Children Articles Co., Ltd.

2.The above amount is calculated based on the exchange rate as of

August 29, 2025.