Announcement pursuant to Article 22.1(3) of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies

1. Date of occurrence of the event: 2025/01/17 

2. Funding recipient:

(1) Name: PANAMA ADDA CORP.

(2) Relationship with lender: a 100% owned subsidiary.

(3) Lending limit (thousand NTD): 448,476

(4) Starting outstanding balance (thousand NTD): 0

(5) New loan (thousand NTD): 5,000

(6) Is it part of a scheduled allocation or revolving limit for the same recipient that the chairman is authorized by the board of directors to allocate: Yes

(7) Outstanding balance up to the date of occurrence (thousand NTD): 5,000

(8) Reason for new loan: working capital needs

(1) Name: GOLD STRONG ENTERPRISES LIMITED

(2) Relationship with lender: a 100% owned subsidiary.

(3) Lending limit (thousand NTD): 448,476

(4) Starting outstanding balance (thousand NTD): 0

(5) New loan (thousand NTD): 5,000

(6) Is it part of a scheduled allocation or revolving limit for the same recipient that the chairman is authorized by the board of directors to allocate: Yes

(7) Outstanding balance up to the date of occurrence (thousand NTD): 5,000

(8) Reason for new loan: working capital needs

(1) Name: ZENG DA ELECTRICAL (HUI ZHOU) CO.LTD

(2) Relationship with lender: a 100% owned sub-subsidiary

(3) Lending limit (thousand NTD): 448,476

(4) Starting outstanding balance (thousand NTD): 0

(5) New loan (thousand NTD): 5,000

(6) Is it part of a scheduled allocation or revolving limit for the same recipient that the chairman is authorized by the board of directors to allocate: Yes

(7) Outstanding balance up to the date of occurrence (thousand NTD): 5,000

(8) Reason for new loan: working capital needs

(1) Name: AX Fan Technology (Vietnam) Co., Ltd

(2) Relationship with lender: a 85% owned subsidiary.

(3) Lending limit (thousand NTD): 448,476

(4) Starting outstanding balance (thousand NTD): 43,927

(5) New loan (thousand NTD): 65,562

(6) Is it part of a scheduled allocation or revolving limit for the same recipient that the chairman is authorized by the board of directors to allocate: Yes

(7) Outstanding balance up to the date of occurrence (thousand NTD): 109,489

(8) Reason for new loan: working capital needs

3. For collaterals provided by the loan recipient:

(1) Content: None

(2) Value (thousand NTD): 0

4. For the latest financial reports of the loan recipient:

(1) Capital (thousand NTD): 2,222,021

(2) Cumulative gains/losses (thousand NTD): 1,095,339

5. Method of calculation of interest:

PANAMA ADDA CORP., GOLD STRONG ENTERPRISES LIMITED, ZENG DA ELECTRICAL (HUI ZHOU) CO.LTD: Interest free.

AX Fan Technology (Vietnam) Co., Ltd: According to the loan agreement.

6. For repayment:

(1) Condition: Repay according to profit status.

(2) Date: Repay according to profit status.

7. The amount of monetary loans extended to others as of the date of occurrence (thousand NTD): 190,051

8. The total amount of monetary loans extended to others as a percentage of the public company’s net worth on the latest financial statements as of the date of occurrence: 12.71%

9. Sources of funds for the company to extend monetary loans to others: Financial institutions and the parent company

10.Any other matters that need to be specified:

(a) PANAMA ADDA CORP. capital(thousand NTD): 1,414,641，cumulative gains/losses(thousand NTD): -61,872

(b) GOLD STRONG ENTERPRISES LIMITED capital(thousand NTD): 369,626，cumulative gains/losses(thousand NTD): 753,072

(c) ZENG DA ELECTRICAL (HUI ZHOU) CO.LTD capital(thousand NTD): 167,886，cumulative gains/losses(thousand NTD): 555,976

(d) AX Fan Technology (Vietnam) Co., Ltd capital(thousand NTD): 269,868，cumulative gains/losses(thousand NTD): -151,837

(2) The loan is only a board approved amount available for lending. No part of the fund has been allocated.