BESTEC — AGM Information 2025

Aug 12, 2025

Stock Code ： 3308 Please visit the following website to inquire about the information of this agenda handbook

(Website ： https://mops.twse.com.tw/)

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Bestec Power Electronics Co., Ltd.

2025 Annual General Meeting Proceedings Manual

Date: June 27 2025 at 9:00 am

Address: 1st Floor, No. 69, Keji 1st Road, Huaya Science and Technology Park, Guishan District, Taoyuan City Convocation method ： Entity shareholder meeting

Note : If the English version of the manual is different from the Chinese version, the Chinese version shall prevail.

Table of contents

1 、 Meeting procedure ................................................................................................................... 1 2 、 Agenda ....................................................................................................................................... 2 I、Reporting matters .................................................................................................................................. 3 II、Acknowledgments ................................................................................................................................ 4 III、Discussion matters .............................................................................................................................. 5 IV、Provisional motion .............................................................................................................................. 6 3 、 Annex I、2024 Business Report ............................................................................................................... 7 II、2023 Audit Committee Recognition Report ...................................................................... 10 III、2023 Accountants Audit Report and Financial Statements (Consolidated Financial Statements) ............................................................................................................................. 11 IV、2023 Earnings Distribution Statement ............................................................................. 51 V、Comparison table before and after the revision of "Operating Procedures for Fund Loans and Endorsements and Guarantees" ..................................................................... 52 VI、Comparison table before and after revision of the Articles of Association .................... 54 4、Appendix I、Rules of Procedure for Shareholders' Meeting .................................................................. 56 II、Company policy .................................................................................................................... 63 III、Shareholding of all directors ............................................................................................70

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Bestec Power Electronics Co., Ltd.

Procedures for the 2025 Shareholders' Ordinary Meeting

• I 、 Announcing the meeting (reporting the number of shares attended the shareholders meeting)

• II、Reporting matters

• III、Acknowledgments

• IV、Discussion items

• V、Provisional motion

• VI、Break up the meeting

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Bestec Power Electronics Co., Ltd.

2025 Shareholders' Regular Meeting Agenda

Convocation method ： Entity shareholder meeting

Date ： June 27, 2025 (Friday) at 9:00am

Address ： 1st Floor, No. 69, Keji 1st Road, Huaya Science and Technology Park, Guishan District, Taoyuan City

• I 、 Announcing the meeting (reporting the number of shares attended the shareholders meeting)

II 、 Speech by the Chairman

• III 、 Reporting matters

First case ： 2024 Annual Business Report.

Sencond case ： 2024 Audit Committee Recognition Report.

Third case ： 2024 Directors, Supervisors and Employees Remuneration

Distribution Report.

• IV 、 Acknowledgments

First case ： 2024 Annual Business Report and Financial Statements.

Sencond case ： 2024 Earnings Distribution Statement.

• V 、 Discussion matters

First case ： Revise the company's "Operating Procedures for Capital Loans and Endorsement Guarantees".

Sencond case ： Amendment to the Company’s Articles of Association

• VI 、 Provisional motion

VII 、 Break up the meeting

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《 Reporting matters 》

First Case

Cause of action ： 2024 Annual Business Report.

Explaintion ： The company's 2024 annual business report. (Please refer to pages 08 to 10 of this brochure, Annex 1).

Second Case

Cause of action ： 2024 Audit Committee Recognition Report.

Explaintion ： 2024 Audit Committee Audit Recognition Report. (Please refer to page 11 of this brochure, Annex 2).

Third Case

Cause of action ： 2024 remuneration distribution report for directors, supervisors and employees.

• Explaintion ： 1. The company's articles of association stipulate that if there is a profit in the year, no less than 5% of the pre-tax net profit should be appropriated as employee remuneration, and no more than 4% of the upper limit should be allocated as director remuneration.

• The remuneration distribution of the company's directors, supervisors and employees is NT$1,932,000and NT$4,831,000 respectively. All will be paid in cash.

  1. Please explain the following matters in accordance with the Taiwan Stock Exchange’s letter No. 1141801634:

  2. a. The director's remuneration to be appropriated in 2023 and 2024 is NT$15,212,000 and NT$1,932,000 respectively. The amount allocated in 2024 is significantly lower than that in 2023 by approximately 87%. The decrease is approximately equivalent to the decrease in after-tax net profit in 2013 (approximately 86%). However, since the director's remuneration allocated in 2023 has not been paid, the average amount of director's remuneration in 2024 will increase by 255,000 yuan compared with 2023. The total increase of 1,785,000 yuan is equivalent to the director's remuneration allocated in 2023.

  3. b. The company has appropriated directors’ euneration of NT$ 15,212,000 in 2023 but has not actually paid it out, mainly to reserve funds to purchase real estate in Japan. An additional NT$1,932,000 will be appropriated in 2024. This is mainly due to the fact that the company's directors have contributed to the company's operations and should share in the company's operating results, so the allocation is still in accordance with the articles of association.

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《Acknowledgments》

First case Proposal of Board of Directors

Cause of action ： The 2024 annual business report and financial statements are submitted for approval.

Explaintion ：

1. The company's 2024 individual financial statements and consolidated financial statements have been audited and completed by accountants Qiu Zhengjun and Jian Mingyan from Deloitte United Accounting Firm. And the business report has been submitted to the Audit Committee for review.

2. Business report, accountant audit report and the above-mentioned financial statements (please refer to pages 08 to 10, pages 12 to 35, Annex 1 and Annex 3 of this manual).

3. Please acknowledge it.

Resolution:

Second case Proposal of Board of Directors

Cause of action ： The 2024 surplus distribution case is submitted for recognition. Explaintion ：

1. The company’s earnings distribution statement for 2024 has been approved by the board of directors on March 13, 2025. The earnings distribution statement (please refer to page 36 of this manual, attachment 4).

2. No dividends are planned to be distributed this time.

3. Please acknowledge it.

Resolution:

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《Discussion matters》

First case Proposal of Board of Directors

• Cause of action ： Revision of the company's "Capital Loan and Endorsement Guarantee Operating Procedures" was submitted for resolution.

Explaintion ：

1. In order to meet operational needs, it is planned to revise some provisions of the company's "Operating Procedures for Capital Loans and Endorsements and Guarantees". For a comparison table of revised provisions, please refer to page 33 of this manual, Appendix 5.

2.Please submit a resolution.

Resolution:

Second case Proposal of Board of Directors

• Cause of action ： The proposal to amend the company's "Articles of Association" is submitted for resolution.

Explaintion ：

1. In order to cooperate with the revision of Article 14, Paragraph 6 of the Securities and Exchange Law and the redefinition of managers, some provisions of the Company's Articles of Association are planned to be revised. For a comparison table of revised provisions, please refer to page 34 of this manual, Appendix 5.

2. 2.Please submit a resolution.

Resolution:

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Provisional motion Break up the meeting

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Bestec Power Electronics Co.,Ltd 2025 Business Report

2024 Annual Business Summary

In 2024, the global PC market is expected to grow slightly due to the replacement cycle and Windows upgrades. However, the overall global economic environment is still full of uncertainties. The replacement demand of consumers and enterprises tends to be conservative, and the associated demand for PC peripherals Demand has also slowed down, and major customers have suspended orders, resulting in an 87.42% decline in overall revenue in 2013 compared with 2012. Although revenue has declined significantly, due to the company's continued cost savings, the net profit after tax in 2024 will still be NT$59,736,000.

(I)Business plan implementation results ：

Unit: Thousands of NT dollars except for earnings (losses) per share in NT dollars

NT$59,736,000. (I)Business plan implementation results： Unit: Thousands of NT dollars except for earnings(losses) per share in NT dollars	NT$59,736,000. (I)Business plan implementation results： Unit: Thousands of NT dollars except for earnings(losses) per share in NT dollars	NT$59,736,000. (I)Business plan implementation results： Unit: Thousands of NT dollars except for earnings(losses) per share in NT dollars	NT$59,736,000. (I)Business plan implementation results： Unit: Thousands of NT dollars except for earnings(losses) per share in NT dollars
Item 2024 2023 Ratio of change（%）
Net operating income 67,774 538,650 (87.42)
Operating profit 16,111 174,127 (90.75)
Net operatingloss (34,662) 40,506 (185.57)
Net loss before tax 97,552 491,479 (80.15)
Net loss net iNet income 59,736 416,499 (85.66)
Earningsper share	0.98	5.79	(83.07)

(II)Profitability Analysis ：

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Year 2023 2023
ROA （ % ） 3.55 22.7
ROE （ % ） 5.43 49.19
Ratio of paid-in Net operating loss (5.77) 5.78
capital （ % ） Net loss before tax 16.26 70.09
Profit rate （ % ） 88.14 82.29
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(III) Research and Development Status

The company is mainly engaged in the research, development, design, manufacturing and sales of switching power supplies, switching DC power supply equipment systems, DC power converters, etc. Since the gross profit margin of traditional desktop power supplies and notebook adapters is low, the company plans to shift to the development of server power supplies. It also plans to develop lens modules with night vision functions, which will be mainly used in monitors and cameras for automatic driving of cars. We are currently actively looking for appropriate R&D talents.

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R & D Status ：

R & D Status：
Year Item	2024	2023
R & D costs(A)	5,337	15,207
Net operatingincome(B)	67,774	538,650
(A)/(B)	7.87%	2.82%

Product R&D Strategy

• A. Improve the competitiveness of existing products and actively develop environmentally friendly products that are light, thin, compact, power-saving, and highly efficient.

• B. Power supply for development servers.

• C. Develop lens modules with night vision capabilities.

Summary of 2025 Business Plan

(1)Operating policy

1. Diversified operations. In addition to the electronics industry, it will also enter the hotel industry. The company has purchased commercial real estate in Tokyo, Japan, and plans to operate the hotel industry in Japan. At present, tourism is one of the main industries in Japan. The number of tourists visiting Japan in 2024 will reach 36.86 million people, nearly 5 million more than the 31.88 million people before the COVID-19 epidemic in 2019, also brought Japan more than 8.1395 trillion yen in tourism revenue, an increase of more than 50% compared with 5.29 trillion yen in 2023.

2. Actively invest in the research and development of new products.

(2) Operating objectives

1. On the one hand, strengthen education and training to cultivate the professional capabilities of employees. On the one hand, recruit personnel with relevant product development experience. And adopt appropriate management measures to give full play to the professionalism of the company's employees. Actively invest in the research and development and production of new products, deepen the company's product line, and increase the company's profits.

2. Continue to look for profitable industries to diversify operational risks.

The impact of the external competitive environment, regulatory environment and overall business environment.

The company will continue to promote diversification to avoid the impact of excessive product concentration on electronic-related products. The company will continue to recruit new product research and development talents and strengthen the professional education and training of personnel, so as to reduce the company's costs and strengthen the research

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and development capabilities of new products. In addition, we hope to avoid the impact of changes in the overall business environment through diversification.

I wish all shareholders good health and all the best.

Chairman:Chen Mingzhi General manager: Deng Ruiling Accounting Officer: Chen Jingchun

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Bestec Power Electronics Co., Ltd

Audit Committee Review Report

The 2024 individual financial report and consolidated financial report provided by the company's board of directors have been audited by Qiu Zhengjun and Jian Mingyan accountants of Qinye Zhongxin United Accounting Firm, and issued an audit report, together with the business report and loss compensation proposal. The committee checked and found that there is no discrepancy. Please report as above in accordance with Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Act. Please review.

Sincerely,

2025 Shareholders' Ordinary Meeting of Bestec Power Electronics Co., Ltd

Bestec Power Electronics Co., Ltd

Audit Committee Convenor: Wang Ruibin

March 13, 2025

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Bestec Power Electronics Co., Ltd.

2024 Earnings Distribution Statement

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Unit ： NTD
Item Amount
2024 opening balance 356,263,096
Add: Net profit after tax in 2023 59,703,520
Add: other comprehensive gains and losses 1,403,912
Subtotal 417,370,528
List items
6,110,743
Less: Provision for statutor sur lus reserve
y p
18,659,489
Add: Provision of s ecial sur lus reserve
p p
Distribution items: Shareholder dividends - cash 0
Ending undistributed earnings 429,919,274
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Chairman: Chen Mingzhi General Manager: Deng Ruiling Accounting Manager: Chen Jingchun

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Bestec Power Electronics Co., L.T.D.

Comparison table of revised provisions in operating procedures for capital lending and endorsement guarantees

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Items Provisions before amendment Amended provisions Correction
instructions
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Items Provisions before amendment Amended provisions Correction instructions	Items Provisions before amendment Amended provisions Correction instructions	Items Provisions before amendment Amended provisions Correction instructions	Items Provisions before amendment Amended provisions Correction instructions
Article 13	Amount of endorsement guarantee 1. The total amount of the company's external endorsement guarantee and the limit of the endorsement guarantee for a single company shall be determined by the board of directors and submitted to the shareholders' meeting for approval before implementation. 2. The company’s external endorsement guarantee limit is set as follows: (1) The total amount of the endorsement guarantee is limited to the net value of the company’s most recent financial statements certified by an accountant. (2) The amount of endorsement guarantee for a single company shall not exceed 20% of the net value of the company’s most recent financial statements certified by an accountant. (3) Except for the endorsement guarantee between subsidiaries in which the company directly and indirectly holds 100% of the voting shares, the amount of the inter- company endorsement guarantee in which the company directly and indirectly holds more than 90% of the voting shares shall not exceed 10% of the company's net worth. (4) The total amount of endorsement guarantees that the company and its subsidiaries can provide as a whole shall not exceed 20% of the company’s most recent net value in the financial statements certified by an accountant. In addition, the amount of endorsement guarantees provided by the company and its subsidiaries to a single enterprise shall not exceed 10% of the company’s most	Amount of endorsement guarantee 1. The total amount of the company's external endorsement guarantee and the limit of the endorsement guarantee for a single company shall be determined by the board of directors and submitted to the shareholders' meeting for approval before implementation. 2. The company’s external endorsement guarantee limit is set as follows: (1) The total amount of the endorsement guarantee is limited to the net value of the company’s most recent financial statements certified by an accountant. (2) The amount of endorsement guarantee for a single company shall not exceed 20% of the company’s latest net worth after being certified or reviewed by an accountant. (3) The amount of the inter-company endorsement guarantee in which the company directly or indirectly holds more than 90% of the shares with voting rights shall not exceed 10% of the company's most recent net value of the financial statements certified or reviewed by an accountant. However, this does not apply to inter-company endorsements and guarantees where the company directly or indirectly holds 100% of the voting shares. (4) The total amount of endorsement guarantees that the company and its subsidiaries can provide as a whole shall not exceed the company's most recent net worth in the financial statements certified or reviewed by an accountant; in addition, the amount of endorsement guarantees provided by the company and its subsidiaries to a single enterprise shall not exceed 20% of the company's most recent net worth in its financial statements certified or reviewed by an accountant.	Meet operational needs

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recent net value in its financial statements certified by an accountant.

The amount of the endorsement guarantee provided by the Company to a single enterprise due to business relationships, in addition to being subject to the provisions of the preceding paragraph, shall be equivalent to the purchase or sales amount of the Company in the most recent year or as of the current year as of the end of the endorsement guarantee, whichever is higher.

The amount of the endorsement guarantee provided by the Company to a single enterprise due to business relationships, in addition to being subject to the provisions of the preceding paragraph, shall be equivalent to the purchase or sales amount of the Company in the most recent year or as of the current year as of the end of the endorsement guarantee, whichever is higher.

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Bestec Power Electronics Co., L.T.D.

Comparison table of amendments to the Articles of Association

Item	Provisions before amendment	Amended provisions	Correction instructions
Article 18	The company has one general manager, several deputy general managers and several managers. Their appointment, dismissal and remuneration shall be handled in accordance with Article 29 of the Company Law.	The company has a general manager, deputy general managers (including executive deputy general managers) and several other managers. Their appointment, dismissal and remuneration are handled in accordance with Article 29 of the Company Law.	Redefining the manager
Article 20	If the company makes a profit during the year, it shall allocate no less than 5% of the pre-tax net profit as employee remuneration and no more than 4% as director remuneration. However, if the company still has accumulated losses, it should reserve the compensation amount in advance and then allocate employee remuneration and director remuneration in accordance with the proportion mentioned above. The employee remuneration mentioned in the preceding paragraph may be in the form of stocks or cash, and the recipients of the benefits may include employees of affiliated companies who meet the conditions set by the board of directors. Directors' remuneration shall be paid in cash only. The first two items of employee remuneration and director remuneration distribution shall be implemented by resolution of the board of directors and reported to the shareholders' meeting.	If the company makes a profit in the year, it should allocate no less than 4% of the pre-tax net profit as employee compensation. 5% to 50% of the amount of employee compensation should be allocated to grassroots employees, and the amount allocated should be allocated to grassroots employees first. The minimum requirement is 1.5 monthly salary. If there is any surplus, it will be allocated separately. For those who have been employed for more than one year, 1.5 monthly salary will be calculated based on the employment ratio. The upper limit on the proportion of director's remuneration provision is 4% of net profit before tax. However, if the company still has accumulated losses, it should reserve the compensation amount in advance and then allocate employee remuneration and director remuneration in accordance with the proportion mentioned above. The employee remuneration mentioned in the preceding paragraph may be in the form of stocks or cash, and the recipients of the benefits may include employees of affiliated companies who meet the conditions set by the board of directors. Directors' remuneration shall be paid in cash only. The first two items of employee remuneration and director remuneration distribution shall be implemented by resolution of the board of directors and reported to the shareholders'meeting.	Amended in accordance with the Securities and Exchange Act
Article 23	This constitution was established on December 7, 1987. The first amendment was on July 20, 1989. The second amendment was on May 2, 1990. The third amendment was on March 20, 1992. Amendment 4 on July 15, 1997. Amendment 5 on June 29, 1998. Amendment 6 on June 25, 1999. Amendment 7 on July 5, 2000. Amendment 8 on August 10, 2000. Amendment 9 on April 16, 2001. Amendment 10 on November 25, 2002. Amendment 11 on June 27, 2003. Amendment 12 June 14, 2004. Amendment 13 June 14, 2005.	This constitution was established on December 7, 1987. The first amendment was on July 20, 1989. The second amendment was on May 2, 1990. The third amendment was on March 20, 1992. Amendment 4 on July 15, 1997. Amendment 5 on June 29, 1998. Amendment 6 on June 25, 1999. Amendment 7 on July 5, 2000. Amendment 8 on August 10, 2000. Amendment 9 on April 16, 2001. Amendment 10 on November 25, 2002. Amendment 11 on June 27, 2003. Amendment 12 June 14, 2004. Amendment 13 June 14, 2005. Amendment 14 June 20, 2006.	New

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Item Correction Provisions before amendment Amended provisions instructions Amendment 14 June 20, 2006. Amendment 15 on June 8, 2007. Amendment 15 on June 8, 2007. Amendment 16 June 19, 2009. Amendment 16 June 19, 2009. Amendment 17 on June 18, 2010. Amendment 17 on June 18, 2010. Amendment 18 on June 22, 2012. Amendment 18 on June 22, 2012. Amendment 19 on June 28, 2013. Amendment 19 on June 28, 2013. Amendment 20 on June 30, 2015. Amendment 20 on June 30, 2015. Amendment 21 on June 29, 2016. Amendment 21 on June 29, 2016. Amendment 22 on June 28, 2017. Amendment 22 on June 28, 2017. Amendment 23 on June 27, 2019. Amendment 23 on June 27, 2019. Amendment 24 on June 23, 2020. Amendment 24 on June 23, 2020. Amendment 25 on August 27, 2021. Amendment 25 on August 27, 2021. Amendment 26 June 29, 2022. Amendment 26 June 29, 2022. Amendment 27 June 27,2025

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Rules of Procedure for the Shareholders' Meeting of Bestec Electronics Co., Ltd.

First Amendment June 22, 2012 The second revision August 27, 2021

1. In order to establish a good shareholder governance system, improve the supervisory function and strengthen the management function of the company, this rule is formulated in accordance with Article 5 of the Code of Practice for Corporate Governance of Listed OTC Companies for compliance.

2. The rules of procedure of the company's shareholders' meeting shall be in accordance with the provisions of these rules, unless otherwise stipulated by laws or articles of association.

3. The general meeting of shareholders of the company shall be convened by the board of directors unless otherwise stipulated by laws and regulations.

The company shall, 30 days before the regular shareholders' meeting or 15 days before the extraordinary shareholders' meeting, submit the notice of the shareholders' meeting, the power of attorney, the reasons and explanations for various proposals, such as the admission proposal, the discussion proposal, the election or dismissal of directors, etc. The data is made into an electronic file and sent to the Public Information Observatory. And 21 days before the regular shareholders' meeting or 15 days before the extraordinary shareholders' meeting, the shareholders' meeting manual and supplementary materials for the meeting will be prepared and sent to the public information observation station as electronic files. Fifteen days before the shareholders' meeting, the manual of the shareholders' meeting and supplementary materials for the meeting shall be prepared for shareholders to request and read at any time, and shall be displayed at the company and the professional stock affairs agency appointed by the company, and shall be distributed on the site of the shareholders' meeting.

The notification and announcement shall specify the reason for the convening; the notification may be done electronically if the counterparty agrees.

Appointment or dismissal of directors, change of articles of association, capital reduction, application for cessation of public offering, directors' non-competition permit, capital increase from surplus, capital increase from public reserve, company dissolution, merger, division, or the various subparagraphs of Article 185, Paragraph 1 of the Company Law The matters mentioned in Article 26-1 and Article 43-6 of the Securities Exchange Law, and the matters mentioned in Article 56-1 and Article 60-2 of the Issuer’s Guidelines for Handling the Offering and Issuance of Securities shall be submitted in the The reason for the convening shall list and explain its main content, and shall not be raised as an interim motion.

The reason for the convening of the board of directors has stated the comprehensive re-election of directors and the date of their inauguration. After the re-election of the shareholders' meeting is completed, the same meeting shall not change the date of their inauguration by temporary motion or other means.

Shareholders who hold more than 1% of the total issued shares. May submit to the company general meeting of shareholders, not more than one. Those with more than one proposal shall

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not be included in the motion. In addition, if a proposal proposed by a shareholder falls under any of the circumstances in Subparagraph 4 of Article 172-1 of the Company Law, the board of directors may not include it as a proposal. Shareholders may submit suggestive proposals to urge the company to promote public interests or fulfill social responsibilities. The procedure shall be limited to one item in accordance with the relevant provisions of Article 172-1 of the Company Law. Proposals exceeding one item shall not be included in the proposal. . The company shall announce the acceptance of shareholders' proposals, the written or electronic acceptance method, the acceptance location, and the acceptance period before the shareholders' general meeting is held and before the closing date of stock transfer. The acceptance period shall not be less than ten days.

Proposals proposed by shareholders shall be limited to 300 words, and proposals exceeding 300 words shall not be included in the proposal. Proposing shareholders should attend the general meeting of shareholders in person or by entrusting others, and participate in the discussion of the proposal.

The company shall notify the proposing shareholders of the handling result before the notification date of the shareholders meeting. The proposals that meet the provisions of this article shall be listed in the meeting notice. For shareholder proposals that are not included in the proposal, the board of directors shall explain the reasons for not including them at the shareholders' meeting.

1. Shareholders may, at each shareholders' meeting, issue a power of attorney issued by the company, specifying the scope of authorization, and entrust a proxy to attend the shareholders' meeting. Each shareholder shall issue a power of attorney, limited to one person, and shall send it to the company five days before the shareholders' meeting. If there are duplicate powers of attorney, the one delivered first shall prevail. However, this does not apply to those entrusted before the declaration is revoked.

2. After the power of attorney is delivered to the company, shareholders who wish to attend the shareholders' meeting in person or exercise their voting rights in writing or electronically shall notify the company in writing of the cancellation of the proxy two days before the shareholders' meeting. If the cancellation is overdue, the voting rights performed by the authorized proxy shall prevail.

3. The place where the shareholders' meeting is held shall be the location of the company or a place that is convenient for shareholders to attend and is suitable for holding the shareholders' meeting. Meetings should start no earlier than 9:00 am or later than 3:00 pm. The place and time of the meeting shall fully consider the opinions of the independent directors.

4. The company shall specify in the meeting notice the time for accepting shareholders' report, the location of the report, and other matters that should be paid attention to. The time for acceptance of shareholder registration in the preceding paragraph shall be at least 30 minutes before the start of the meeting. There should be a clear sign at the registration office, and adequate and qualified personnel should be assigned to handle it.

5. Shareholders themselves or proxies entrusted by shareholders (hereinafter referred to as

6. 57 -

shareholders) shall attend the shareholders' meeting by presenting their attendance certificates, attendance cards or other attendance certificates. The company shall not arbitrarily add to the supporting documents required by the shareholder's attendance to require other supporting documents. The solicitor who belongs to the solicitation power of attorney shall bring his identity certificate for verification.

The company shall set up a signature book for the attendance of shareholders to sign in, or the attendance card shall be submitted by the attending shareholder to sign in.

The company shall deliver the meeting manual, annual report, attendance certificate, speech slips, votes and other meeting materials to the shareholders attending the shareholders' meeting; if there are directors to be elected, the ballots shall be attached.

When the government or legal person is the shareholder, the representative attending the shareholders meeting is not limited to one person. When a legal person is entrusted to attend a shareholders' meeting, it may only designate one representative to attend.

1. If the shareholders' meeting is convened by the board of directors, its chairman shall be the chairman. When the chairman asks for leave or is unable to exercise his powers for some reason, the vice chairman shall act as his representative. If there is no vice-chairman or the vicechairman is also on leave or unable to exercise his powers for some reason, the chairman shall designate a managing director to act as his representative. If it does not have an executive director, a director shall be designated to act as its representative. If the chairman does not designate an agent, the managing director or one of the directors shall recommend one of them to act as the agent.

2. The chairman referred to in the preceding paragraph shall be the executive director or a director acting as an agent, and the executive director or director who has served for more than six months and understands the company's financial and business conditions shall serve as the chairman. The same applies if the chairman is the representative of the corporate director. The chairman of the board of directors should personally preside over the shareholders' meeting convened by the board of directors. In addition, more than half of the directors of the board of directors should attend in person, and at least one member of various functional committees should attend. The attendance status shall be recorded in the minutes of the shareholders' meeting.

If the shareholders' meeting is convened by the board of directors or other persons with the right to convene, the chairman of the meeting shall be the person with the right to convene. When there are more than two persons with the right to convene, one of them shall be elected from each other.

The company may appoint lawyers, accountants or related personnel to attend the shareholders' meeting.

1. The company shall make continuous and uninterrupted audio and video recordings of the shareholder registration process and voting counting process from the time the registration is accepted.

The audio-visual materials mentioned in the preceding paragraph shall be kept for at least one

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year. However, if a shareholder files a lawsuit in accordance with Article 189 of the Company Law, it shall be preserved until the lawsuit is concluded.

1. Attendance at the shareholders' meeting shall be calculated based on shares. The number of shares attended is calculated based on the signature book or attendance card submitted, plus the number of shares that exercise voting rights in written or electronic means.

When the meeting time has expired, the chairman shall immediately announce the opening of the meeting, and at the same time announce relevant information such as the number of nonvoting rights and the number of shares present.

However, if shareholders representing more than half of the total number of issued shares are not present, the chairman may announce the postponement of the meeting. The number of delays is limited to two times, and the total delay time shall not exceed one hour. If there are still not enough shareholders representing more than one-third of the total issued shares to attend after the second postponement, the chairman will announce that the meeting will be adjourned.

If the preceding paragraph is postponed twice and the amount is still insufficient and there are shareholders representing more than one-third of the total issued shares present, a false resolution may be made in accordance with Article 175, Paragraph 1 of the Company Law, and the false resolution shall be notified to all parties. Shareholders shall convene another shareholders' meeting within one month.

Before the end of the current meeting, if the number of shares represented by the present shareholders reaches more than half of the total number of issued shares, the chairman may resubmit the false resolution made to the general meeting for voting in accordance with Article 174 of the Company Law.

1. If the shareholders meeting is convened by the board of directors, the agenda shall be determined by the board of directors. Relevant motions (including provisional motions and amendments to original motions) shall be decided on a case-by-case basis. The meeting shall be conducted in accordance with the scheduled agenda, which shall not be changed without a resolution of the shareholders' meeting.

If the shareholders' meeting is convened by a person other than the board of directors who has the right to convene, the provisions of the preceding paragraph shall apply mutatis mutandis. Before the conclusion of the agenda (including temporary motions) scheduled in the first two items, the chairman shall not adjourn the meeting without a resolution. If the chairman announces the adjournment of the meeting in violation of the rules of procedure, other members of the board of directors shall promptly assist the attending shareholders in accordance with the legal procedures, and elect a person as the chairman with the consent of more than half of the voting rights of the attending shareholders to continue the meeting.

The chairman shall give full explanations and opportunities for discussion on proposals and amendments or temporary motions proposed by shareholders. When it is deemed to be ready for voting, it may announce the cessation of discussion, put it up for voting, and arrange adequate voting time.

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• Before attending a shareholder's speech, a statement must be filled out to specify the gist of the speech, shareholder account number (or attendance card number) and account name, and the chairman will determine the order of their speeches.

• Shareholders attending the meeting who only put forward speech slips but did not make a speech shall be deemed as having not made a speech. If the content of the speech is inconsistent with the record of the speech, the content of the speech shall prevail.

Each shareholder may not speak more than twice on the same proposal without the consent of the chairman. Each time shall not exceed five minutes, but if a shareholder's speech violates the regulations or exceeds the scope of the topic, the chairman may stop the shareholder from speaking.

When the present shareholder is speaking, other shareholders are not allowed to interfere with the speech unless they have obtained the consent of the chairman and the shareholder who is speaking. Violators shall be stopped by the chairman.

When a legal person shareholder appoints two or more representatives to attend the shareholders' meeting, only one person may speak on the same proposal.

• After attending shareholders' speeches, the chairman may reply in person or by designating relevant personnel.

• Voting at the shareholders' meeting shall be based on shares.

• The number of shares of non-voting shareholders shall not be included in the total number of issued shares for the resolutions of the shareholders' meeting.

Shareholders who have their own interests in matters at the meeting that may harm the interests of the company may not participate in voting, and may not exercise their voting rights on behalf of other shareholders.

The number of shares that cannot exercise voting rights in the preceding paragraph shall not be included in the number of voting rights of shareholders present.

Except for a trust enterprise or a stock affairs agency approved by the competent securities authority, when one person is entrusted by two or more shareholders at the same time, the voting rights of the agent shall not exceed 3% of the total number of issued shares. Not counted.

1. Shareholders have one voting right per share; however, this restriction does not apply to those who are restricted or have no voting rights as listed in Article 179, Item 2 of the Company Law. When the company convenes a general meeting of shareholders, it shall use electronic means and may exercise its voting rights in written form. When exercising voting rights in writing or electronically, the method of exercising shall be specified in the shareholders' meeting convening notice. Shareholders who exercise their voting rights in writing or electronically shall be deemed to have attended the shareholders' meeting in person. However, the interim motions and amendments to the original proposals at the shareholders' meeting are deemed as abstentions, so the company should avoid proposing interim motions and amendments to the original proposals.

Unless otherwise provided for by the Company Law and the Articles of Association of the company, voting on proposals shall be passed with the consent of more than half of the voting

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rights of the shareholders present.

When voting, the chairman or his designated person shall announce the total number of voting rights of shareholders present, and the shareholders shall vote on a case-by-case basis. And on the day after the shareholders' meeting is held, the results of shareholders' approval, objection and abstention are entered into the public information observation station.

When there is an amendment or alternative to the same proposal, the chairman shall determine the order of voting with the original proposal. If one of the proposals has been passed, the other proposals shall be deemed to be rejected, and there is no need to vote again. The scrutiny and counting personnel for voting on proposals shall be designated by the chairman, but the scrutiny personnel shall have the status of shareholders.

The counting of votes or election proposals at the shareholders' meeting shall be done at a public place in the shareholders' meeting. And after the counting of votes is completed, the voting result shall be announced on the spot, including the weight of statistics, and shall be recorded.

1. When the shareholders' meeting elects directors, it shall follow the relevant selection and appointment rules stipulated by the company. The results of the election shall be announced on the spot, including the list of elected directors and the number of voting rights they have received, and the list of unsuccessful directors and the number of voting rights they have obtained.

2. The ballot papers for the elections mentioned in the preceding paragraph shall be sealed and signed by the scrutineer, and shall be kept in a safe place for at least one year. However, if a shareholder files a lawsuit in accordance with Article 189 of the Company Law, it shall be preserved until the lawsuit is concluded.

3. Minutes of the resolutions of the shareholders' meeting shall be prepared and signed or sealed by the chairman, and the minutes shall be distributed to all shareholders within 20 days after the meeting. The production and distribution of the meeting minutes may be done electronically.

4. The distribution of the minutes of the proceedings mentioned in the preceding paragraph may be done by means of an announcement entered by the Public Information Observatory. The minutes of the meeting shall accurately record the year, month, day, venue, name of the chairman, resolution method, essentials of the proceedings and voting results (including statistical weights) of the meeting. When there is election of directors, the number of votes of each elected person shall be disclosed. During the existence of the company, it shall be permanently preserved.

5. The company shall clearly disclose the number of shares acquired by the solicitor and the number of shares represented by the entrusted agent in the shareholders' meeting on the day of the shareholders' meeting, in accordance with the prescribed format. Resolutions of the shareholders' meeting, if there is any material information required by laws and regulations or Taiwan Stock Exchange Co., Ltd. (Taiwan Securities OTC Exchange). The company shall transmit the content to the public information observation station within the specified time.

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7. Personnel handling the shareholders' meeting shall wear identification cards or armbands. The chairman may direct the pickets (or security personnel) to assist in maintaining order at the venue. When pickets (or security personnel) are present to help maintain order, they should wear armbands or identification cards with the words "Pickets".

8. If the venue is equipped with sound amplification equipment, the chairman may stop the shareholders from speaking through the equipment provided by the company. Shareholders who violate the rules of procedure and refuse to obey the chairman's correction, obstruct the progress of the meeting and refuse to comply, may be ordered by the chairman to ask the pickets or security personnel to leave the meeting place.

9. When the meeting is in progress, the chairman may announce a break at a discretionary time. In the event of an irresistible event, the chairman may rule to temporarily suspend the meeting. And announce the time for the continuation of the meeting according to the situation. Before the conclusion of the agenda scheduled by the shareholders' meeting (including temporary motions), the venue for the meeting cannot continue to be used at that time, and the shareholders' meeting may resolve to find another venue to continue the meeting. The shareholders' meeting may, in accordance with Article 182 of the Company Law, resolve to postpone or continue the meeting within five days.

10. These rules shall come into force after being approved by the shareholders' meeting, and the same shall apply when they are amended.

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Articles of Association of Bestec Power Electronics Co., Ltd.

Chapter1 General

• Article 1: The company is organized in accordance with the provisions of the Company Law and named Bestec Power Electronics Co., Ltd

• Article 2: The business of the company is as follows:

• 1.CA02990 Other metal products manufacturing industry

• 2.CA04010 Surface treatment industry

• CB01010 Machinery and equipment manufacturing industry

• CB01020 Business Machine Manufacturing

• 5.CC01010 Power generation, transmission and distribution machinery manufacturing

• CC01030 Manufacturing of electrical appliances and audio-visual electronic products

• CC01040 Lighting equipment manufacturing industry

• CC01060 Wired communication machinery and equipment manufacturing industry

• 9.CC01070 Wireless communication machinery and equipment manufacturing industry

10.CC01080 Electronic component manufacturing industry

1. CC01090 Battery Manufacturing

2. 12.CC01110 Computer and peripheral equipment manufacturing industry

13.CC01120 Manufacturing and reproduction of data storage media

14.CC01990 Manufacturing of other electrical and electronic machinery and equipment

15.CB01990 Other machinery manufacturing industry

16.CD01010 Ship and its parts manufacturing industry

17.CD01020 Rail vehicle and its parts manufacturing industry

18.CD01030 Automobile and its parts manufacturing industry

19.CD01040 Locomotive and its parts manufacturing industry

20.CD01050 Bicycle and its parts manufacturing industry

21.CD01060 Aircraft and its parts manufacturing industry

22.CD01990 Manufacturing of other means of transportation and its parts

23.CE01010 General Instrument Manufacturing

24.CE01030 Optical Instrument Manufacturing

25.CE01040 Watch manufacturing industry

26.CE01990 Other optical and precision instrument manufacturing industry

27.D101060 Renewable energy self-use power generation equipment industry

28.E599010 Piping engineering industry

29.E601010 Electrical appliance packaging industry

30.E601020 Electrical installation industry 31.E603010 Cable installation engineering industry

32.E603040 Fire safety equipment installation engineering industry

33.E603050 Automatic control equipment engineering industry

34.E603090 Lighting equipment installation engineering industry

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35.E604010 Mechanical installation industry

36.E605010 Computer equipment installation industry

37.E701010 Communication engineering industry 38.E801010 Interior decoration industry 39.EZ05010 Instrument and instrument installation engineering industry 40.EZ14010 Sports field equipment engineering industry 41.EZ99990 Other engineering industries 42.F219010 Retailing of electronic materials 43.F119010 Wholesale of electronic materials 44.F113070 Wholesale of telecommunication equipment 45.F211010 Retailing of building materials 46.F213060 Retailing of telecommunications equipment 47.F113020 Wholesale of electrical appliances 48.F113030 Wholesale of precision instruments 49.F113050 Wholesale of computers and business machinery and equipment 50.F113990 Wholesale of other mechanical appliances 51.F114030 Wholesale of automobile and locomotive spare parts 52.F114060 Wholesale of ships and their parts 53.F114070 Wholesale of aircraft and its parts 54.F114080 Wholesale of rail vehicles and their parts 55.F114990 Wholesale of other means of transportation and their parts 56.F213010 Electrical retailing 57.F213030 Retailing of computers and business machinery and equipment 58.F213040 Retailing of precision instruments 59.F213080 Retail trade of machinery and appliances 60.F213990 Retail trade of other mechanical appliances 61.F214030 Automobile and locomotive spare parts retailing

62.F214060 Retailing of ships and their parts 63.F214070 Aircraft and its parts retailing 64.F214080 Rail vehicles and their parts retail 65.F214990 Retailing of other means of transportation and their parts 66.F401010 International trade industry 67.F401991 Other import and export business 68.G801010 Storage industry 69.H701010 Residential and building development leasing and sales

70.I301010 Information software service industry 71.I301020 Data processing service industry 72.I301030 Electronic information supply service industry 73.I503010 Landscape and interior design 74.I599990 Other design industries

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• 75.IG03010 Energy technology service industry

• 76.JA02010 Electrical and electronic product repair industry

• 77.JA02990 Other repair industry

• 78.JE01010 Leasing industry

• 79.ZZ99999 In addition to licensed business, may operate business that is not prohibited or restricted by law

• Article 2-1: The company is not subject to the restriction of reinvestment exceeding 40% of the paid-in share capital as stipulated in Article 13 of the Company Law.

• Article 3: The head office of the company is located in Taoyuan City. When necessary, branch companies can be established at home and abroad with the resolution of the board of directors.

• Article 4: The company's announcement method shall be handled in accordance with Article 28 of the Company Law.

Chapter2 Shares

• Article 5: The capital of the company is rated at NT$1.6 billion, which is divided into 160 million shares, all of which are ordinary shares. NT$10 per share, of which unissued shares are authorized to be issued by the board of directors. Within the total capital in the preceding paragraph, NT$80,000,000 shall be reserved for employee stock option certificates, special shares with stock options, or corporate bonds with stock options to exercise stock options. Resolutions are issued in installments.

• Article 6: The stock certificates of the company shall be in registered form, signed or sealed by the director representing the company, and issued after being issued by a bank that is legally authorized to issue certificates. Shares issued by the company may be exempted from printing stock certificates. Please contact the centralized securities depository institution to register the issued shares and follow the regulations of the institution.

• Article 7: The stock affairs of the company shall be handled in accordance with the "Standards for the Handling of Share Affairs of Public Offering Companies" promulgated by the competent authority.

Chapter3 Shareholders' meeting

• Article 8: There are two types of shareholders' meeting: regular meeting and extraordinary meeting. The regular meeting is held once a year. It shall be convened by the board of directors according to law within six months after the end of each fiscal year. The interim meeting shall be convened according to law when necessary.

• Article 9: When a shareholder is unable to attend the shareholders' meeting for any reason, he or she shall issue a power of attorney issued by the company specifying the scope of authorization to entrust an agent to attend. The procedures for shareholders to attend by proxy shall be in addition to the provisions of Article 177 of the Company Law. It is handled in accordance with the "Rules on the Use of Power of Attorney for Attending Shareholders' Meetings of Public Issue Companies" promulgated by the competent authority.

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Article 10: Each shareholder of the company has one voting right. However, this does not apply to those who are restricted or have no voting rights as listed in Article 179, Item 2 of the Company Law.

• Article 11: Unless otherwise provided by relevant laws and regulations, the resolution of the shareholders' meeting shall be attended by shareholders representing more than half of the total number of issued shares in person or by proxy, and shall be carried out with the consent of more than half of the voting rights of the present shareholders.

• Article 12: The shareholders' meeting shall be convened by the board of directors, with the chairman as the chairman. In the absence of the chairman, the vice chairman shall act as his proxy. When the vice chairman is absent or unable to perform his duties, the chairman shall designate a director to act as his representative. If no appointment is made, the directors shall elect a proxy. It is convened by a convener other than the board of directors, and the chairman shall be the convener. When there are more than two persons with the right to convene, one of them shall be elected from each other.

• Article 12-1: The regular shareholders' meeting shall be called 30 days before the meeting, and the extraordinary shareholders' meeting shall be called 15 days before the meeting, and the date, place and reason for the meeting shall be notified to all shareholders and announced. The convening notice of the shareholders meeting may be done electronically if the counterparty agrees. For shareholders holding less than 1,000 registered shares, the convening notice referred to in the preceding Paragraph may be issued in the form of an announcement.

• Article 12-2: The shareholders' meeting of the company may be held by video conference or other methods announced by the central competent authority. In line with Article 44-9 of the Standards for the Handling of Stock Affairs, adopt relevant regulations such as the conditions, operating procedures, and other matters to be complied with by video conferencing, unless otherwise stipulated by the competent securities authority.

• Article 13: The resolutions of the shareholders' meeting shall be recorded in minutes and handled in accordance with Article 183 of the Company Law.

Chapter4 Directors and Audit Committee

• Article 14: The company shall have five to eleven directors with a term of three years and may be re-elected. The election of directors adopts the candidate nomination system stipulated in Article 192-1 of the Company Act, and the shareholders' meeting selects from the list of candidates. The total shareholding ratio of all directors of the company shall be in accordance with the regulations of the competent securities authority.

• The company has established an audit committee in accordance with the Securities and Exchange Law, which is composed of all independent directors, and one of them serves as the convener. At least one has accounting or financial expertise. The number of members of the Audit Committee, terms of office, powers, rules of procedure, and resources to be provided when exercising powers shall be determined separately in the Organizational Regulations of the Audit Committee.

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• Article 14-1: To comply with Article 14-2 of the Securities and Exchange Law, the number of independent directors of the company shall not be less than two and shall not be less than one-fifth of the number of directors. The professional qualifications, shareholding, part-time job restrictions, nomination and election methods, and other compliance matters of independent directors shall be handled in accordance with the relevant regulations of the competent securities authority.

• Article 15: The board of directors organizes the board of directors, and more than two-thirds of the directors are present, and more than half of the directors present agree to elect one person as the chairman of the board to represent the company externally. The board of directors may, in accordance with the method specified in the preceding paragraph, elect one among themselves as the vice chairman to assist the chairman. When the chairman of the board of directors asks for leave or is unable to exercise his powers for some reason, his agency shall be handled in accordance with the provisions of Article 208 of the Company Law.

• Article 15-1: The board of directors shall convene at least once a quarter, and the reasons for the convening shall be stated and the directors shall be notified seven days in advance. However, the board of directors may be convened at any time for urgent matters. The convening notice of the board of directors of the company may be given in writing, electronic mail (E-mail) or fax.

• Article 16: Unless otherwise stipulated by the Company Law, resolutions of the board of directors shall be made with the presence of more than half of the directors and the consent of more than half of the directors present.

• Directors shall attend the board meeting in person. If a director is unable to attend the meeting for any reason, he shall issue a power of attorney, enumerating the scope of authorization for the reason for the convening, and authorize another director to attend the board meeting on his behalf. However, it is limited to entrusted by one person.

• Article 16-1: The board of directors of the company may set up a salary and remuneration committee or other functional committees due to the needs of business operations.

• Article 17: When the vacancy of directors reaches one-third, the board of directors shall hold a byelection of an extraordinary meeting of shareholders within 60 days. The term of office shall be limited to making up the term of the original office.

• Article 17-1: When the directors of the company perform their duties in the company, the company may pay remuneration regardless of the company's operating profit or loss. The remuneration of directors is authorized to the board of directors to be negotiated according to the degree of participation in the company's operations and the value of their contributions, and with reference to the usual level of peers. If the company has surplus, the remuneration shall be distributed in accordance with the provisions of Article 20. The director's remuneration shall be at least NTD30,000 per month. Chapter5 Manager

• Article 18: The company has a general manager, several deputy general managers and managers.

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Their appointment, dismissal and remuneration shall be handled in accordance with Article 29 of the Company Law.

Chapter6 Accounting

• Article 19: At the end of each fiscal year of the company, the board of directors shall prepare the

• following list and submit it to the shareholders' regular meeting for approval according to legal procedures.

• Business report.

• Financial statements.

• Proposal on profit distribution or loss compensation.

• Article 20: If the company makes a profit in the year, no less than 5% of the pre-tax net profit shall be appropriated as employee remuneration and the upper limit of no higher than 4% shall be used as director remuneration. However, if the company still has accumulated losses, it shall reserve the compensation amount in advance, and then allocate employee remuneration and director remuneration in proportion to the preceding paragraph.

The remuneration of employees referred to in the preceding paragraph may be paid in stock or in cash. The recipients of the payment may include employees of affiliated companies who meet the conditions set by the board of directors. Directors' remuneration shall be in cash only.

The distribution of employee remuneration and director remuneration in the preceding two paragraphs shall be resolved by the board of directors and reported to the shareholders' meeting.

• Article 21: If the company has a surplus in its annual final accounts, in addition to paying taxes and making up for accumulated losses (including adjusting the amount of undistributed surplus) according to law, 10% should be raised as a statutory surplus reserve. However, this does not apply when the statutory surplus reserve has reached the total capital. And set aside or reverse the special surplus reserve in accordance with laws and regulations. If there is any remaining balance, together with the undistributed surplus at the beginning of the period (including the adjusted undistributed surplus amount), the board of directors shall prepare a surplus distribution proposal and submit it to the shareholders' meeting for a resolution on the distribution of shareholder dividends.

• The company's dividend policy will consider the company's future business expansion plans, capital needs, and domestic and foreign competition conditions, and take into account factors such as shareholders' interests, and allocate more than 50% of the distributable earnings in Article 20 to distribute shareholder dividends, of which cash dividends Not less than 30% of the total amount of dividends. However, the type and ratio of such surplus distribution may be adjusted by resolution of the shareholders' meeting depending on the actual profit and capital status of the year.

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Article 21-1: If the company needs to cancel the public offering, it shall submit a resolution of the shareholders' meeting for approval. And this provision will not be changed during the period of emerging and listing.

Chapter7 Supplementary Provisions

Article 22: Matters not covered in this Articles of Association shall be handled in accordance with the provisions of the Company Law and relevant laws and regulations.

Article 23: This constitution was established on December 7, 1987.

• The first amendment was on July 20, 1989. The second amendment was on May 2, 1990. The third amendment was on March 20, 1992.

• Amendment 4 on July 15, 1997. Amendment 5 on June 29, 1998. Amendment 6 on June 25, 1999. Amendment 7 on July 5, 2000. Amendment 8 on August 10, 2000. Amendment 9 on April 16, 2001. Amendment 10 on November 25, 2002. Amendment 11 on June 27, 2003. Amendment 12 June 14, 2004. Amendment 13 June 14, 2005. Amendment 14 June 20, 2006. Amendment 15 on June 8, 2007. Amendment 16 June 19, 2009. Amendment 17 on June 18, 2010. Amendment 18 on June 22, 2012. Amendment 19 on June 28, 2013. Amendment 20 on June 30, 2015. Amendment 21 on June 29, 2016. Amendment 22 on June 28, 2017. Amendment 23 on June 27, 2019. Amendment 24 on June 23, 2020. Amendment 25 on August 27, 2021. Amendment 26 June 29, 2022.

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Bestec Power Electronics Co., Ltd.

Shareholding of all directors

1. According to Article 26 of the Securities Exchange Act, all directors of the company shall hold a minimum of 4,800,000 shares.

2. As of April 29, 2025, the shareholding status of individual and all directors recorded in the shareholder re ister is as follows: g

==> picture [473 x 170] intentionally omitted <==

----- Start of picture text -----

Title Name Number of shares held
FORFUNE
Chairman INTERNATIONAL CO., 11,260,490
LTD: Chen Min zhi
g
Vice Chairman Deng Ruiling 918,929
Director Chen Songzhe 5,983,603
Director Chen Yiwen 5,641,629
Independent Director Wang Ruibin 0
Independent Director Chen Baihua 0
Independent Director Lin Lifen 0
Total 23,804,651
----- End of picture text -----

• Note 1: The company shall end the date when the shareholders meeting closes the transfer of accounts. The total number of shares held by all directors is 23,804,651 shares. Comply with the provisions of Article 26 of the Securities Exchange Law.

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