Stock Code: 9929

Choice Development, Inc.

Handbook for the 2026 Annual General Meeting of Shareholders

Date: May 25, 2026

Place: 17F, No. 8, Sec. 7, Civil Boulevard, Nangang District, Taipei City (Amba Hotel, Songshan, Taipei)

Method of meeting: Physical shareholder's meeting

Table of Contents

Page

I. Meeting Procedure 2
II. Meeting Agenda 3
III. Management Presentation 4
IV. Proposal Matters 8
V. Matters for Discussion 9
VI. Election Matters 9
VII. Other Proposals 10
VIII. Questions and Motions 10

Attachments

I. Independent Auditors' Report and Financial Statements 11
II. Comparison table for the amendments of "Procedures for Acquisition ... 31 or Disposal of Assets"

Appendixes

I. Articles of Incorporation (before amendment) 32
II. Rules of Procedure for Shareholders' Meeting 38
III. Rules for Director Elections 41
IV. Current Shareholding of Directors 42

Choice Development, Inc.

Procedure for the 2026 Annual General Meeting of Shareholders

I. Call the Meeting to Order
II. Chairman Remarks
III. Management Presentation
IV. Proposal Matters
V. Matters for Discussion
VI. Election Matters
VII. Other Matters
VII. Questions and Motions
IX. Adjournment

Choice Development, Inc.

2026 Annual General Meeting of Shareholders

Time: May 25, 2026, (Monday) 09:00 a.m

Place: 17F, No. 8, Sec. 7, Civil Boulevard, Nangang District, Taipei City
(Emba Hotel, Songshan, Taipei)

Method of meeting: Physical shareholder's meeting

I. Call the Meeting to Order (Reporting the number of shares present and the number of shares represented at a quorum meeting)

II. Chairman Remarks

III. Management Presentation
i. 2025 Business Report
ii. Audit Committee’s Review Report on the 2025 Financial Statements

IV. Proposal Matters
i. Adoption of the 2025 Business Report and Financial Statements
ii. Adoption of the Proposal for 2025 Deficit Compensation

V. Discussion Matters
The amendments of “Procedures for Acquisition or Disposal of Assets”

VI. Election Matters
A general re-election of the Directors of the Company.

VII. Other Matters
Lifting the non-competition restriction of the company's new directors and its representatives.

VIII. Questions and Motions

IX. Adjournment

Management Presentations

Report No. 1: 2025 Business Reports

Business Report

Operation Results

The rise of digital media and the shift toward digital lifestyles have led to a decline in demand for traditional printed materials, impacting the printing industry. Although the Company's revenue from printing products decreased significantly in 2025 compared to the previous year, the continued growth of our New Business Department and substantial gains in advertising revenue have kept the overall decline in total revenue to a minimum. Through the ongoing optimization of human resource allocation and operational costs, operating income has successfully turned positive in 2025.

Earning POver

Unit: NT$1,000

Year Account Title	FY2025	FY2024
Operating revenue	650,076	654,870
Gross Profit	93,419	66,440
Operating income	14,355	(15,083)
Net income before tax	(12,637)	(24,434)

Summary of 2026 Business Plan

In 2026, the Company will focus on restructuring operations, enhancing overall efficiency, and strengthening risk resilience as our core strategic pillars. In response to market dynamics, we will drive the following key operational initiatives:

(1) To expand the new business division, diversify further our products, meet customer needs, and increase revenue sources.

I. Core Concepts:

i. Operational Expansion: Expanding the scope of company operations through the promotion of new business initiatives to mitigate the impact of volatility in existing business lines.
ii. Demand Integration: Integrating diverse customer needs to provide comprehensive solutions spanning multiple product categories and services.
iii. Market Penetration: Entering different industries and customer segments through new business ventures to enhance market coverage.

II. Expected Benefits:

i. Enhancing Revenue Structure Flexibility: Improving the flexibility of the revenue structure to mitigate risks associated with concentration in a single business line.
ii. Building Mid-to-Long-Term Growth Momentum: Establishing sustainable growth drivers to reinforce operational stability.

(2) Optimizing Production and Resource Allocation to Enhance Operational Efficiency

I. Core Concepts:
i. Process Restructuring: Reviewing existing equipment and workflows to progressively adjust production configurations that lack cost-effectiveness.
ii. Cost Flexibility: Reducing the proportion of fixed costs through collaboration with external resources.
iii. Facility Reconfiguration: Re-evaluating the utilization of factory premises to enhance the efficiency of space usage.

II. Expected Benefits:
i. Reducing Overall Manufacturing Costs and Improving Cost Structure.
ii. Enhancing Production Capacity Flexibility to Respond to Market Demand Changes.

(3) Building High-Efficiency Supply and Order-Handling Mechanisms to Enhance Operational Quality

I. Core Concepts:
i. Supply Chain Optimization: Enhance the flexibility and competitiveness of External Resource Integration: Systematically managing outsourcing partners to enhance supply stability.
ii. Internal Capability Enhancement: Strengthening procurement and negotiation expertise to improve cost control capabilities.
iii. Operational Process Digitization: Implementing order and management systems to streamline operational workflows.

II. Expected Benefits:
i. Strengthening Procurement and Supply Efficiency to Reduce Operating Costs.
ii. Enhancing Internal Operational Consistency and Overall Management Efficiency.

(4) Deepening Occupational Health and Safety Management to Solidify the Human Resource Foundation

I. Core Concepts:
i. System Implementation: Continuously promoting occupational health and safety systems and education training.
ii. Risk Control: Strengthening risk identification and management within the operational environment.
iii. Responsible Management: Prioritizing employee safety and health to fulfill corporate social responsibility.

II. Expected Benefits:
i. Reduction of occupational accident rate and the safeguard of personnel’s safety and health.
ii. Fostering a safe and healthy working environment, enhancing personnel’s satisfaction and sense of belonging.

Future company development strategy:
(1) Continuously inventorying and integrating internal and external resources to enhance overall operational performance.
(2) Deepening partnerships with key clients and collaborators to ensure business stability.
(3) Promoting cost structure optimization while balancing quality and efficiency.
(4) Leveraging existing assets and operational foundations to develop high-potential revenue models.
(5) Adhering to the principle of prudent management to balance risk control and long-term returns.

Confronted with external competitions, regulatory requirements and overall business difficulties:

In the process of operational decision-making and strategic planning, the Company continuously incorporates industrial competitive dynamics, regulatory changes, and the overall economic environment into its evaluations. We promptly adjust our business direction according to market conditions to balance operational performance with risk control. While pursuing operational results, we strictly adhere to all laws and regulations to ensure that corporate governance and business conduct meet relevant requirements, while continuously fulfilling our corporate responsibilities toward society and the environment.

Facing the continued uncertainty of the external environment in 2026, the Company will continue to strengthen organizational resilience and operational flexibility to prudently respond to market changes and business challenges. Through the refinement of internal management and the effective utilization of resources, combined with the collective efforts of our employees, we aim to maintain a stable operational foundation and progressively enhance our overall business performance.

Chairman: Chen, Hui-Yu

General Manager: Chen, Hung-Pin

Accounting Supervisor: Lee, Chen-Hua

Report 2: Audit Committee’s Review Report on the 2025 Financial Statements

Audit Committee’s Review Report

Choice Development, Inc.

To: Shareholders’ Annual General Meeting for Year 2026,
Choice Development, Inc.

The Board of Directors has prepared and submitted to the undersigned, Audit Committee of Choice Development, Inc. 2025 Business Report, Consolidated Financial Statements and Deficit Compensation proposal. The Consolidated Financial Statements have been duly audited by Certified Public Accountants of PwC Taiwan. The above Business Report, Consolidated Financial Statements and Deficit Compensation proposal have been examined and determined to be correct and accurate by the undersigned. This Report is duly submitted in accordance with Article 14-4 of Securities and Exchange Law and Article 219 of the Company Law.

The Audit Committee convener: Lin, Lung-Ta
林陞道

March 11, 2026

Proposal Matters

Proposal 1: Adoption of the 2025 Business Report and Financial Statements (Proposed by the Board)

Explanation: (1) The company's 2025 Business Report and Financial Statements have been reviewed by The Audit Committee and approved by the Board.
(2) The above-mentioned financial statements have been audited by CPAs Yeh, Shu-Chuan and Hsin, Yu-Cheng of Deloitte Taiwan.
(3) For 2025 Business Report, CPA Audit Report and Financial Statements, please refer to pages 4-6 and Annex 1 (Pages 11~30) of this Handbook.

Resolution:

Proposal 2: Adoption of the Proposal for 2025 Deficit Compensation (Proposed by the Board)

Explanation:

The company's 2025 Deficit Compensation statement has been reviewed by The Audit Committee and submitted to the Board for approval. Please refer to the table below.

Unit: NT$

Beginning accumulated earnings	(118,232,006)
Less: Remeasurements of defined benefit plans	(138,446)
Less: Disposal of equity instruments measured at fair value through other comprehensive income	(834,962)
Adjusted accumulated earnings	(119,205,414)
Less: Post-tax loss this year	(6,922,380)
Ending accumulated deficit	(126,127,794)

Chairman:
General manager:
Accounting Supervisor:
Resolution:

Matters for Discussion

Discussion 1: For the partial amendments of the Company's "Procedures for Acquisition or Disposal of Assets". (Proposed by the Board)

Explanation: (1) In accordance with regulatory amendments, the Company proposes to amend certain articles of the "Procedures for Acquisition or Disposal of Assets".

(2) For the comparison table of amendments, please refer to Annex 2 of this Handbook (Pages 31).

Resolution:

Election Matters

Proposal: Comprehensive re-election of the company's directors (proposed by the Board).

Explanation:

The term of directors will be end on June 14, 2026. Accordingly, the company proposes to duly elect new Board members at this year's Annual Meeting of Shareholders.
It is planned to re-elect seven directors (including three independent directors) at the current general meeting of shareholders. According to Article 16 of the company's articles of association, the election of directors adopts a candidate nomination system, and shareholders choose from the list of candidates. The new directors and independent directors shall take office from the date of election for a term of three years from May 25, 2026 to May 24, 2029, and may be re-elected.
The list of directors and independent director candidates has been approved by this Company's board after review on March 5, 2026, and is detailed in the following table.

Name	Job Title	Education and Experience	Number of shares held
Chen Hui-Yu	Director	Department of Animal Science, National Taiwan University
Chairman of the Life Insurance Association of Repulbic of China
Chairman of Choice Development, Inc.	3,000,057
Lin, Wen-Hui, The representative of Te Hui Investment Co., Ltd.	Director	Department of Electronic Engineering, University of Reading
Chairman, TransGlobe Life Insurance Inc.	5,022,409
Liao, I-Lin The representative of Wei Chen Investment Co., Ltd.	Director	Department of Accounting, Soochow University
Assistant Vice President, Chairman's Office, TransGlobe Life Insurance Inc.	573,996
Kuo Cheng-Hung, the representative of Xi Rui Investment Co., Ltd.	Director	MBA, National Taiwan University
CEO, Deloitte & Touche
Chairman, Deloitte & Touche
Director, Choice Development, Inc.	60,000,000
Chen, Chih-Wei	Independent Director	MBA, National Taiwan UniversityChairman, SAP Taiwan Co., Ltd.	0
Sun, Cheng-Yi	Independent Director	Graduate Institute of East Asian Studies, National Chengchi University
Deputy Director General, Investigation Bureau,	0

		Ministry of Justice
Chen, Szu-Ho	Independent Director	LL.M. in Civil and Commercial Law, Fu Jen Catholic University Attorney at Law / Founder & COO, Hoyao International Law Firm Independent Director, Egis Technology Inc. Independent Director, Soaring Technology Co., Ltd.	0

The election is based on the company's "Regulations Governing the Election of Directors", please refer to Appendix 3 of this Handbook (page 41).

Other Proposals

Proposal: The case of lifting the restrictions on non-competition of the company's new directors and its representative to be proposed for discussion.

Explanation:

According to Article 209 of Company Act, a director who does anything for himself or on behalf of another person that is within the scope of the company's business, shall explain to the meeting of shareholders the essential contents of such an act and secure its approval.
Due to the fact that the directors and the representative of the Company may invest in or operate other companies with the same or similar business scope as the Company and act as directors and representative of the company, without prejudice to the interests of the Company, the Company shall, in accordance with the Act, request the approval of this general meeting of shareholders to relieve the non-competition restrictions of such directors and representative.
The part-time jobs of the new directors are detailed in the table below.

Name of Director	The name and position held in other companies concurrently
Chen Hui-Yu	Chairman, Yi Yu Co., Ltd.
Director, Ho De Chang Co., Ltd.
Director, Shilin Development Co., Ltd.
Independent Director, TECO Electric & Machinery Co., Ltd.
Independent Director, Maywufa Company Ltd.

Resolution:

Questions and Motions

Adjournment

Attachment I 2025 Consolidated and non-Consolidated Financial Statement Independent Auditors' Report

To: Choice Development, Inc.

Opinion

We have audited the consolidated financial statements of Choice Development, Inc. and Subsidiaries, which comprise the Consolidated Balance Sheets as of December 31, 2024 and 2025, and the Consolidated Statements of Comprehensive Income, Consolidated Statements of Changes in Equity, Consolidated Statements of Cash Flows for the years then ended, and Notes to the Consolidated Financial Statements, including a summary of significant accounting policies.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Choice Group and its subsidiaries as of December 31, 2024 and 2025, and their consolidated financial performance and cash flows from January 1 to December 31, 2024 and 2025, in conformity with the requirements of the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Financial Reporting Standards, International Accounting Standards, Interpretations developed by the International Financial Reporting Interpretations Committee or the former Standing Interpretations Committee as endorsed and became effective by Financial Supervisory Commission of the Republic of China.

Basis for Opinion

We conducted our audit in accordance with the "Regulations Governing Auditing and Certification of Financial Statements by Certified Public Accountants" and the auditing standards generally accepted in the Republic of China. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Company in accordance with the Certified Public Accountants Code of Professional Ethics in the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with the Code. Based on our audits and the report of other auditors, we believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.

Key Audit Matters

Based on our professional judgment, key audit matters pertain to the most important matters in the audit of consolidated financial statements for 2025 of Choice Group. Those matters have been addressed in our audit opinion on the said non-consolidated financial statements and during the formation of our audit opinion. However, we do not express an opinion on these matters individually.

The key audit matters of the non-consolidated financial statements of Choice Group in 2025 are as follows:

Appropriateness of sales revenue cut-off

Choice Group's revenue is primarily from the sale of printed materials, and the sales revenue is recognized when the goods are delivered to the destination or when the sales customer picks up the goods. Choice Group recognizes revenue primarily based on the delivery receipt from the destination company and uses the destination company's receipt records as the basis for revenue recognition. Therefore, we have identified this as the key audit matter.

We have performed audit procedures on such revenue recognition, including discussions with management on whether the accounting policies adopted for revenue recognition are appropriate and consistent; we operated the internal control systems and made sure that whether the internal control systems are effectively designed and operating, we also performed a cut-off test on sales revenue transactions for the period immediately preceding and following the balance sheet date, which included a random check of the destination company's receiving records and confirmation that the recorded revenue was recorded in the appropriate period.

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the requirements of the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Financial Reporting Standards, International Accounting Standards, Interpretations developed by the International Financial Reporting Interpretations Committee or the former Standing Interpretations Committee as endorsed by Financial Supervisory Commission of the Republic of China and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the ability to continue as a going concern of the Company and its subsidiaries, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company and its subsidiaries or to cease operations, or has no realistic alternative but to do so.

Those charged with governance (including the Audit Committee) are responsible for overseeing Choice Development, Inc. and Subsidiaries' financial reporting process.

Auditor's Responsibilities for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based on these consolidated financial statements.

As part of an audit in accordance with auditing standards generally accepted in the Republic of China, we exercise professional judgment and maintain professional skepticism throughout the audit.

We also:

Identify and assess the risks of material misstatement of the parent company only financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control of Choice Group.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on Choice Group's ability to continue as a going concern. If we determine that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the non-consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure, and content of the parent company only financial statements (including the accompanying notes) and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on Choice Group. We are responsible for the direction, supervision, and performance of the audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the non-consolidated financial statements of Choice Group in 2025 and are therefore the key audit matters. We describe these matters in our auditors' report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Deloitte Taiwan
CPA: Yeh, Shu-Chuan
CPA: Hsin, Yu-Cheng

Financial Supervisory Commission R.O.C. (Taiwan)
Approved file No.: Jin-guan-zheng-shen-zi 0990031652

Financial Supervisory Commission R.O.C. (Taiwan)
Approved file No.: Jin-guan-zheng-shen-zi 1120349008

March 11, 2026

CHOICE DEVELOPMENT, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31, 2025 and December 31, 2024
Unit: NT$1,000

Code No.	Assents	December 31, 2025		December 31, 2024
		Amount	%	Amount	%
Current assets
1100	Cash and cash equivalents (notes 4 & 6)	$ 265,169	14	$ 308,769	16
1110	Current financial assets at fair value through profit or loss (notes 4 & 7)	38,950	2	48,450	2
1136	Current financial assets at amortized cost (notes 4 & 9)	35,000	2	20,000	1
1150	Notes receivable, net (notes 4, 10 & 19)	10,408	1	15,466	1
1170	Accounts receivable, net (notes 4, 10 & 19)	108,902	6	103,802	5
130X	Current inventories (notes 4, 11 & 28)	41,388	2	46,471	2
1410	Prepayments	32,410	2	33,862	2
1479	Other current assets (notes 4 & 21)	7,125	-	8,622	-
11XX	Total current assets	539,352	29	585,442	29
Non-current assets
1517	Non-current financial assets at fair value through other comprehensive income (notes 4 & 8)	168,668	9	210,070	11
1535	Non-current financial assets at amortized cost (notes 4, 9 & 28)	53,000	3	51,000	3
1600	Property, plant and equipment (notes 4, 12 & 28)	237,177	13	245,049	12
1755	Right-of-use assets (notes 4 & 13)	741,563	41	841,596	42
1975	Net defined benefit asset (notes 4 & 17)	665	-	490	-
1990	Other non-current assets (notes 4, 14 & 28)	91,788	5	66,052	3
15XX	Total non-current assets	1,292,861	71	1,414,257	71
1XXX	Total assets	$ 1,832,213	100	$ 1,999,699	100
Code No.	Liabilities and equity
Current liabilities
2130	Current contract liabilities (notes 4 & 19)	$ 1,764	-	$ 27,893	1
2150	Notes payable	53	-	398	-
2170	Accounts payable	43,665	3	40,683	2
2219	Other payables (note 16 & 21)	170,508	9	183,438	9
2280	Current lease liabilities (notes 4 & 13)	140,474	8	135,711	7
2320	Long-term liabilities, current portion (notes 15)	-	-	8,720	1
2399	Other current liabilities (note 21)	3,163	-	1,279	-
21XX	Total current liabilities	359,627	20	398,122	20
Non-current liabilities
2541	Long-term bank loans (notes 15, 27 & 29)	8,720	-	-	-
2580	Non-current lease liabilities (notes 4 & 13)	637,844	35	736,346	37
2645	Deposits received	17,731	1	17,881	1
25XX	Total non-current liabilities	664,295	36	754,227	38
2XXX	Total liabilities	1,023,922	56	1,152,349	58
Equity attributable to owners of parent (notes 4, 8 & 18)
3110	Ordinary share	1,012,800	55	1,012,800	51
3200	Capital Surplus	4,345	-	-	-
Retained earnings
3310	Legal reserve	10,084	1	10,084	-
3320	Special reserve	50,242	3	50,242	3
3350	Accumulated deficit	( 126,128 )	( 7 )	( 118,232 )	( 6 )
3300	Total Retained Earnings (accumulated deficit)	( 65,802 )	( 3 )	( 57,906 )	( 3 )
3400	Other equity interest	( 170,267 )	( 9 )	( 129,819 )	( 7 )
31XX	Total equity attributable to owners of parent	781,076	43	825,075	41
36XX	Non-controlling interests (note 4)	27,215	1	22,275	1
3XXX	Total equity	808,291	44	847,350	42
Total liabilities and equity		$ 1,832,213	100	$ 1,999,699	100

The attached notes are part of this consolidated financial report. Please refer to them together.

Chairman: Chen, Hui-Yu
Manager: Chen, Hung-Pin
Accounting supervisor: Lee, Chen-Hua

CHOICE DEVELOPMENT, INC. AND SUBSIDIARIES
Consolidated Statements of Comprehensive Income
January 1 ~ December 31, 2025 and 2024
Unit: NT$1,000
(Except Earnings Per Share)

Code No.		FY2025		FY2024
		Amount	%	Amount	%
4000	Operating revenue (notes 4, 19 & 27)	$ 650,076	100	$ 654,870	100
5000	Operating costs (notes 11, 17, 20 & 27)	556,657	86	588,430	90
5900	Gross Profit	93,419	14	66,440	10
	Operating expenses
6100	Selling expenses (note 20)	30,162	5	33,893	5
6200	Administrative expenses (note20)	48,902	7	52,621	8
6450	Expected credit loss (income) (notes 4 & 14)	-	-	( 4,991 )	( 1 )
6000	Total operating expenses	79,064	12	81,523	12
6900	Net operating income (loss)	14,355	2	( 15,083 )	( 2 )
	Non-operating income and expenses (note 20)
7100	Interest Income	3,648	1	4,156	-
7190	Other Income(s) (note 13)	2,947	-	4,424	1
7020	Other gains and losses, net	( 4,851 )	( 1 )	14,546	2
7510	Interest expense	( 28,671 )	( 4 )	( 32,988 )	( 5 )
7000	Total non-operating income and expenses	( 26,927 )	( 4 )	( 9,862 )	( 2 )
7900	Total non-operating income and expenses	( 12,572 )	( 2 )	( 24,945 )	( 4 )
7950	Total tax expense (income) (notes 4 & 21)	( 65 )	-	511	-
8200	Profit (Loss)	( 12,637 )	( 2 )	( 24,434 )	( 4 )

(Continued on next page)

(brought forward)

Code No.		FY2025		FY2024
		Amount	%	Amount	%
8310	Other Comprehensive Income Components of other comprehensive income that will not be reclassified to profit or loss: (note 4)
8311	Gains (losses) on remeasurements of defined benefit plans (note 17)	($ 139)	-	$ 1,054	-
8316	Unrealized gains (losses) from investments in equity instruments measured at fair value through other comprehensive income	( 41,283)	( 6)	24,431	4
8300	Other comprehensive income, net	( 41,422)	( 6)	25,485	4
8500	Total comprehensive income	($ 54,059)	( 8)	$ 1,051	-
8610	Profit (loss), attributable to:
8620	Profit (loss), attributable to owners of parent	($ 6,922)	( 1)	($ 13,859)	( 2)
8600	Profit (loss), attributable to non-controlling interests	( 5,715)	( 1)	( 10,575)	( 2)
		($ 12,637)	( 2)	($ 24,434)	( 4)
8710	Comprehensive income attributable to:
8720	Comprehensive income, attributable to owners of parent	($ 48,344)	( 7)	$ 11,626	2
	Comprehensive income, attributable to non-controlling interests	( 5,715)	( 1)	( 10,575)	( 2)
8700		($ 54,059)	( 8)	$ 1,051	-
9710	Basic earnings per share (note 22)
9810	Basic earnings	($ 0.07)		($ 0.14)
	Diluted earnings	($ 0.07)		($ 0.14)

The attached notes are part of this consolidated financial report. Please refer to them together.

Chairman: Chen, Hui-Yu

Manager: Chen, Hung-Pin

Accounting supervisor: Lee, Chen-Hua

CHOICE DEVELOPMENT, INC. AND SUBSIDIARIES

Consolidated Statements of Changes in Equity

January 1 ~ December 31, 2025 and 2024

Unit: NT$1,000

Code No.		Equity attributable to owners of the parent
		Share capital		Capital Surplus	Retained earnings			Other equity interest		Total Equity
		1,000 Shares	Amount		Legal reserve	Special reserve	Unappropriated Earnings	Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income	Non-controlling Interest
A1	Balance at January 1, 2024	101,280	$ 1,012,800	$ -	$ 10,084	$ 50,242	($ 104,585)	($ 155,092)	$ 32,850	$ 846,299
D1	Profit for 2024	-	-	-	-	-	( 13,859)	-	( 10,575)	( 24,434)
D3	Other comprehensive income (loss) for 2024	-	-	-	-	-	1,054	24,431	-	25,485
Q1	Difference between consideration and carrying amount of subsidiaries acquired or disposed	-	-	-	-	-	( 842)	842	-	-
Z1	Balance on December 31, 2024	101,280	1,012,800	-	10,084	50,242	( 118,232)	( 129,819)	22,275	847,350
D1	Profit for 2025	-	-	-	-	-	( 6,922)	-	( 5,715)	( 12,637)
D3	Other comprehensive income (loss) for 2025	-	-	-	-	-	( 139)	( 41,283)	-	( 41,422)
M7	Changes in ownership interests in subsidiaries	-	-	4,345	-	-	-	-	10,655	15,000
Q1	Difference between consideration and carrying amount of subsidiaries acquired or disposed	-	-	-	-	-	( 835)	835	-	-
Z1	Balance on December 31, 2025	101,280	$ 1,012,800	$ 4,345	$ 10,084	$ 50,242	($ 126,128)	($ 170,267)	$ 27,215	$ 808,291

The attached notes are part of this consolidated financial report. Please refer to them together.

Chairman: Chen, Hui-Yu

Manager: Chen, Hung-Pin

Accounting supervisor: Lee, Chen-Hua

CHOICE DEVELOPMENT, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
January 1 ~ December 31, 2025 and 2024
Unit: NT$1,000

Code No.	Cash flows from (used in) operating activities	FY2025	FY2024
A10000	Profit (loss) before tax	($ 12,572)	($ 24,945)
A20010	Adjustments
A20100	Depreciation and amortization expenses	150,548	152,885
A20300	Expected credit loss (gain)	-	( 4,991)
A20400	Net gain on financial assets or liabilities at fair value through profit or loss	9,500	( 5,320)
A20900	Interest expense	28,671	32,988
A21200	Interest income	( 3,648)	( 4,156)
A22500	Gain on disposal of property, plant and equipment	( 7,702)	( 6,407)
A23700	Gain on reversal of inventory write-down	( 142)	( 856)
A29900	Litigation loss	( 40)	-
A30000	Changes in operating assets and liabilities
A31130	Notes receivable	5,058	768
A31150	Accounts receivable	( 5,100)	28,419
A31200	Inventories	5,225	30,048
A31220	Prepayments	1,452	( 2,723)
A31240	Other current assets	922	( 6,439)
A31990	Other non-current assets	7,929	52,021
A32130	Notes payable	( 345)	( 420)
A32150	Accounts payable	2,982	( 24,656)
A32180	Other payable	( 12,932)	( 6,175)
A32200	Contract liability	( 26,129)	24,287
A32230	Other current liabilities	1,819	( 4,128)
A32240	Net defined benefit liability	( 314)	( 423)
A33000	Cash inflow generated from operations	145,182	229,777
A33500	Income taxes paid	546	( 458)
AAAA	Net cash flows from (used in) operating activities	145,728	229,319
Cash flows from (used in) investing activities
B00020	Proceeds from Proceeds from disposal of financial assets at fair value through other comprehensive income	119	6,653
B00050	Financial assets measured at amortized cost, non-current (decrease) increase	( 17,000)	( 7,184)
B02700	Acquisition of property, plant, and equipment	( 1,576)	( 3,450)
B02800	Disposals of property, plant and equipment	9,947	6,853

(Continued on next page)

(brought forward)

Code No.		FY2025	FY2024
B03700	Increase in refundable deposits	($ 33,160)	($ 19,381)
B06700	Decrease (Increase) in other non-current assets	( 505)	621
B07500	Interest received	3,677	4,235
BBBB	Cash flows from (used in) financing activities	( 38,498)	( 11,653)
	Cash flows from (used in) financing activities
C03000	Increase(decrease) in guarantee deposits received	( 150)	( 4,830)
C04020	Payments of lease liabilities	( 165,405)	( 201,453)
C05600	Interest paid	( 275)	( 236)
C05800	Increase in non-controlling interests	15,000	-
CCCC	Net cash flows from (used in) financing activities	( 150,830)	( 206,519)
EEEE	Net increase in cash and cash equivalents	( 43,600)	11,147
E00100	Cash and cash equivalents at beginning of period	308,769	297,622
E00200	Cash and cash equivalents at end of period	$ 265,169	$ 308,769

The attached notes are part of this consolidated financial report. Please refer to them together.

Chairman: Chen, Hui-Yu Manager: Chen, Hung-Pin Accounting supervisor: Lee, Chen-Hua

Independent Auditors' Report

To: Choice Development, Inc.

Opinion

We have audited the non-consolidated financial statements of Choice Development, Inc. ("the company"), which comprise the Non-Consolidated Balance Sheets as of December 31, 2024 and 2025, and the Non-Consolidated Statements of Comprehensive Income, Non-Consolidated Statements of Changes in Equity, Non-Consolidated Statements of Cash Flows for the years then ended, and Notes to the Non-Consolidated Financial Statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, the non-consolidated financial position of the Company as of December 31, 2024 and 2025 and its financial performance and its cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Basis for Opinion

We conducted our audit in accordance with the "Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants" and the auditing standards generally accepted in the Republic of China. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Non-Consolidated Financial Statements section of our report. We are independent of the Company in accordance with the Certified Public Accountants Code of Professional Ethics in the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with the Code. Based on our audits and the report of other auditors, we believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.

Key Audit Matters

Based on our professional judgment, key audit matters pertain to the most important matters in the audit of non-consolidated financial statements for the year ended December 31, 2025 of Choice Development, Inc. Those matters have been addressed in our audit opinion on the said non-consolidated financial statements and during the formation of our audit opinion. However, we do not express an opinion on these matters individually.

The key audit matters of the non-consolidated financial statements of Choice Development, Inc. in 2025 are as follows:

Appropriateness of sales revenue cut-off

Responsibilities of Management and Those Charged with Governance for the Non-Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of the non-consolidated financial statements in accordance with Regulations Governing the Preparation of Financial Reports by Securities Issuers, and for such internal control as management determines is necessary to enable the preparation of non-consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the non-consolidated financial statements, management is responsible for assessing Choice Development, Inc.'s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those charged with governance (including the Audit Committee) are responsible for overseeing Choice Development, Inc.'s financial reporting process.

Auditors' Responsibilities for the Audit of the Non-Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the non-consolidated financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the auditing standards generally accepted in the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with auditing standards generally accepted in the Republic of China, we exercise professional judgment and maintain professional skepticism throughout the audit. We also

Identify and assess the risks of material misstatement of the non-consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtained audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Choice Development, Inc.'s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on Choice Development, Inc.'s ability to continue as a going concern. If we determine that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the non-consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure, and content of the non-consolidated financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on Choice Development, Inc. We are responsible for the direction, supervision, and performance of the audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings (including any significant deficiencies in internal control that we identify during our audit).

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the non-consolidated financial statements of

Choice Development, Inc. in 2025 and are therefore the key audit matters. We describe these matters in our auditors' report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Deloitte Taiwan
CPA: Yeh, Shu-Chuan
CPA Hsin, Yu-Cheng

Financial Supervisory Commission
R.O.C. (Taiwan)
Approved file No.:
Jin-guan-zheng-shen-zi 0990031652

Financial Supervisory Commission
R.O.C. (Taiwan)
Approved file No.:
Jin-guan-zheng-shen-zi 1120349008

March 11, 2026

Choice Development, Inc.
Non-Consolidated Balance Sheet
December 31, 2025 and 2024
Unit: NT$1,000

Code No.	Asset	December 31, 2025		December 31, 2024
		Amount	%	Amount	%
Current assets
1100	Cash and cash equivalents (note 4 & 6)	$ 181,589	20	$ 241,565	25
1110	Current financial assets at fair value through profit or loss (note 4 & 7)	38,950	4	48,450	5
1136	Financial Assets Measured at Amortized Cost are Assets (note 4 & 9)	35,000	4	20,000	2
1150	Notes receivable, net (note 4, 10 & 19)	10,408	1	13,845	2
1170	Accounts receivable, net (note 4, 10 & 19)	81,667	9	76,292	8
130X	Inventories (note 4 & 11)	17,277	2	22,360	2
1479	Other current assets, others (note 21)	4,881	-	3,040	-
11XX	Total current assets	369,772	40	425,552	44
Non-current assets:
1517	Financial assets measured at fair value through other comprehensive income or loss (note 4 & 8)	168,668	18	210,070	22
1535	Financial Assets Measured at Amortized Cost are Assets (note 4, 9 & 27)	3,000	-	1,000	-
1550	Investments using equity method (note 4 & 12)	77,138	8	68,360	7
1600	Property, plant, and equipment (note 13 & 27)	236,926	26	244,552	25
1755	Right-of-use assets (note 4 & 14)	41,868	5	6,476	1
1975	Net defined benefit assets (note 4 & 17)	665	-	490	-
1990	Other non-current assets, others (note 15 & 27)	29,271	3	9,281	1
15XX	Total non-current assets	557,536	60	540,229	56
1XXX	Total assets	$ 927,308	100	$ 965,781	100
Code No.	Liabilities and Equity
Current liabilities
2130	contract liabilities (note 4 & 19)	$ 1,134	-	$ 26,925	3
2150	Notes payable	53	-	398	-
2170	Accounts payable	34,062	4	35,633	4
2219	Other payables (note 16)	66,097	7	68,454	7
2280	Lease liabilities (note 4 & 14)	8,137	1	7,919	1
2399	Other current liabilities	2,444	-	707	-
21XX	Total current liabilities	111,927	12	140,036	15
Non-Current liabilities
2580	Lease liabilities (note 4 & 14)	33,835	4	-	-
2645	Deposits received	470	-	670	-
25XX	Total non-current liabilities	34,305	4	670	-
2XXX	Total liabilities	146,232	16	140,706	15
Equity (note 4, 8 & 18)
3110	Common stock	1,012,800	109	1,012,800	105
3200	Capital Surplus	4,345	-	-	-
Retained earnings: (accumulated deficit)
3310	Legal reserve	10,084	1	10,084	1
3320	Special reserve	50,242	6	50,242	5
3350	Unappropriated retained earnings	( 126,128 )	( 14 )	( 118,232 )	( 12 )
3300	Total Retained earnings	( 65,802 )	( 7 )	( 57,906 )	( 6 )
3400	Other equity	( 170,267 )	( 18 )	( 129,819 )	( 14 )
3XXX	Total equity	781,076	84	825,075	85
Total liabilities and equity		$ 927,308	100	$ 965,781	100

The attached notes to the non-consolidated financial statements are part of this non-consolidated financial report. Please refer to them together.

Chairman: Chen, Hui-Yu
Manager: Chen, Hung-Pin
Accounting supervisor: Lee, Chen-Hua

Choice Development, Inc.
Non-Consolidated Statements of Comprehensive Income
For the years ended December 31, 2025 and 2024

Unit: NT$1,000
(Except for earnings per share (loss) in NT$ )

Code No.		FY 2025		FY 2024
		Amount	%	Amount	%
4000	Operating revenue (note 4, 19 & 26)	$ 441,675	100	$ 484,226	100
5000	Operating costs (note 11, 20 & 26)	385,342	87	428,443	89
5900	Gross profit	56,333	13	55,783	11
	Operating expenses
6100	Selling expenses (note 20)	13,458	3	17,575	4
6200	Administrative expenses (note 20)	35,046	8	36,554	7
6000	Total operating expenses	48,504	11	54,129	11
6900	Operating Income	7,829	2	1,654	-
	Non-operating income and expenses (note 20)
7070	Share of profit (loss) of associates and joint ventures accounted for using equity method (note 4)	( 15,567)	( 4)	( 36,623)	( 8)
7100	Interest income	2,781	-	3,166	1
7190	Other incomes (note 26)	3,075	1	3,959	1
7020	Other gains and losses	( 4,851)	( 1)	13,633	3
7510	Interest expense	( 189)	-	( 159)	-
7000	Total non-operating income & expenses	( 14,751)	( 4)	( 16,024)	( 3)
7900	Income before tax	( 6,922)	( 2)	( 14,370)	( 3)
7950	Income tax expenses (note 4 & 21)	-	-	511	-
8200	Loss (continued to next page)	( 6,922)	( 2)	( 13,859)	( 3)

(brought forward)

Code No.		FY 2025		FY 2024
		Amount	%	Amount	%
8310	Other comprehensive income
Components of other comprehensive income that will not be reclassified to profit or loss: (note 4)
8311	Gains (losses) on remeasurements of defined benefit plans (note 17)	( 139 )	-	1,054	-
8316	Unrealized gains (losses) from investments in equity instruments measured at fair value through other comprehensive income	( 41,283 )	( 9 )	$ 24,431	5
8300	Other comprehensive income for the year	( 41,422 )	( 9 )	25,485	5
8500	Total comprehensive income	($ 48,344 )	( 11 )	$ 11,626	2
	Loss per share (note 22)
9710	Basic	($ 0.07 )		($ 0.14 )
9810	Dilution	($ 0.07 )		($ 0.14 )

The attached notes to the non-consolidated financial statements are part of this non-consolidated financial report. Please refer to them together.

Chairman: Chen, Hui-Yu Manager: Chen, Hung-Pin Accounting supervisor: Lee, Chen-Hua

Choice Development, Inc.

Non-consolidated Statements of Changes in Equity

January 1 – December 31, 2025 and 2024

Unit: NT$1,000

Code No.		Capital			Retained earnings			Other equity interest Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income	Total Equity
		1,000 shares	Amount	Capital Surplus	Legal reserve	Special reserve	Unappropriated Earnings
A1	Balance at January 1, 2024	101,280	$ 1,012,800	$ -	$ 10,084	$ 50,242	($ 104,585)	($ 155,092)	$ 813,449
D1	FY 2024 Loss	-	-	-	-	-	( 13,859)	-	( 13,859)
D3	FY 2024 Other comprehensive income (loss)	-	-	-	-	-	1,054	24,431	25,485
Q1	Disposal of investments in equity instruments designated at fair value through other comprehensive income	-	-	-	-	-	( 842)	842	-
Z1	Balance at December 31, 2024	101,280	1,012,800	-	10,084	50,242	( 118,232)	( 129,819)	825,075
M7	Changes in ownership interests in subsidiaries	-	-	4,345	-	-	-	-	4,345
D1	FY 2025 Loss	-	-	-	-	-	( 6,922)	-	( 6,922)
D3	FY 2025 Other comprehensive income (loss)	-	-	-	-	-	( 139)	( 41,283)	( 41,422)
Q1	Disposal of investments in equity instruments designated at fair value through other comprehensive income	-	-	-	-	-	( 835)	835	-
Z1	Balance at December 31, 2025	101,280	$ 1,012,800	$ 4,345	$ 10,084	$ 50,242	($ 126,128)	($ 170,267)	$ 781,076

The attached notes to the non-consolidated financial statements are part of this non-consolidated financial report. Please refer to them together.

Chairman: Chen, Hui-Yu

Manager: Chen, Hung-Pin

Accounting supervisor: Lee, Chen-Hua

Choice Development, Inc.
Non-consolidated Statements of Cash Flows
January 1 ~ December 31, 2025 and 2024

| Code No. | Cash flows from (used in) operating activities | January 1 to December 31, 2025 | Unit: NT$1,000
January 1 to December 31, 2024 |
| --- | --- | --- | --- |
| A10000 | Loss before tax | ($ 6,922) | ($ 14,370) |
| A20010 | Adjustments to reconcile profit (loss) | | |
| A20100 | Depreciation expense | 14,877 | 15,489 |
| A20400 | Net gain on financial assets or liabilities at fair value through profit or loss | 9,500 | ( 5,320) |
| A20900 | Interest expense | 189 | 159 |
| A21200 | Interest income | ( 2,781) | ( 3,166) |
| A22400 | Share of loss of associates and joint ventures accounted for using equity method | 15,567 | 36,623 |
| A22500 | Gain on disposal of property, plan and equipment | ( 7,702) | ( 6,407) |
| A23700 | Gain on reversal of inventory write-down | ( 142) | ( 856) |
| A29900 | Gain on lease modification | ( 40) | - |
| A30000 | Changes in operating assets | | |
| A31130 | Notes receivable | 3,437 | 2,389 |
| A31150 | Accounts receivable | ( 5,375) | 38,551 |
| A31200 | Inventories | 5,225 | 30,048 |
| A31240 | Other current assets | ( 1,735) | ( 1,890) |
| A32130 | Notes payable | ( 345) | ( 420) |
| A32150 | Accounts payable | ( 1,571) | ( 28,289) |
| A32180 | Other payable | ( 2,357) | ( 4,295) |
| A32200 | Contract liabilities | ( 25,791) | 23,774 |
| A32230 | Other current liabilities | 1,737 | ( 4,085) |
| A32240 | net defined benefit liabilities | ( 314) | ( 423) |
| A33000 | Cash inflow generated from operations | ( 4,543) | 77,512 |
| A33500 | Income taxes paid | ( 135) | ( 505) |
| AAAA | Net cash flows from operating activities | ( 4,678) | 77,007 |
| | Cash flows from (used in) investing activities | | |
| B00020 | Deposal of financial assets at fair value through other comprehensive income | 119 | 6,653 |
| B00050 | Increase in Acquisition of financial assets at amortised cost | ( 17,000) | ( 20,000) |
| B01800 | Investments accounted for using equity method | ( 20,000) | - |

(continued to next page)

(brought forward)

Code No.		January 1 to December 31, 2025	January 1 to December 31, 2024
B02700	Acquisition of property, plant and equipment	($ 1,576)	($ 3,050)
B02800	Proceeds from disposal of property, plant and equipment	9,947	6,853
B03800	Decrease (increase) in refundable deposits	( 19,270)	( 6,450)
B06700	The increase in other non-current assets	( 720)	-
B07500	Interest received	2,810	3,155
BBBB	Net cash flows from (used in) investing activities	( 45,690)	( 12,839)
	Cash flows from (used in) financing activities
C03000	Increase in deposits received	( 200)	220
C04020	Payments of lease liabilities	( 9,405)	( 9,360)
C05600	Interest paid	( 3)	( 4)
CCCC	Net cash flows from (used in) financing activities	( 9,608)	( 9,144)
EEEE	Net increase (decrease) in cash and cash equivalents	( 59,976)	55,024
E00100	Cash and cash equivalents at beginning of period	241,565	186,541
E00200	Cash and cash equivalents at end of period	$ 181,589	241,565

The attached notes to the non-consolidated financial statements are part of this non-consolidated financial report. Please refer to them together.

Chairman: Chen, Hui-Yu Manager: Chen, Hung-Pin Accounting supervisor: Lee, Chen-Hua

Attachment II

Comparison table for the amendments of “Procedures for Acquisition or Disposal of Assets”

Choice Development, Inc.

Amended Form	Original Form	Amendment reason
Article 7 Public Announcement and Reporting (1)
Under any of the following circumstances, the Company, in acquiring or disposing of assets, shall publicly announce and report the relevant information on the website designated by the competent authority in the prescribed format based on the nature of the assets within two days commencing from the date of occurrence of the event:
1. (Omitted)
2. (Omitted)
3. (Omitted)
4. The type of assets acquired or disposed of is equipment for business use or right-of-use assets thereof, the counterparty is not a related party, and the transaction amount meets any of the following criteria:
(1) For a public company with paid-in capital of less than NT$10 billion, the transaction amount reaches NT$500 million or more.
(2) For a public company with paid-in capital of NT$10 billion or more, the transaction amount reaches NT$1 billion or more.
(Omitted)	Article 7 Public Announcement and Reporting (1)
Under any of the following circumstances, the Company, in acquiring or disposing of assets, shall publicly announce and report the relevant information on the website designated by the competent authority in the prescribed format based on the nature of the assets within two days commencing from the date of occurrence of the event:
1. (Omitted)
2. (Omitted)
3. (Omitted)
4. Acquisition or disposal of equipment for business use or right-of-use assets thereof, where the counterparty is not a related party, and the transaction amount reaches NT$500 million or more.
(Omitted)	To comply with the amendment of the law
Article 11 Procedures for Establishment and Amendment
(omitted)
The 11th amendment was made on May 26, 2022.	Article 11 Procedures for Establishment and Amendment
(omitted)
The 11th amendment was made on May 26, 2022.
The 12th amendment was made on May 25, 2026.	Added the date of amendment

Appendix I

Choice Development, Inc.

Articles of Incorporation

Chapter I General Provisions

Article 1 The Company is incorporated as a company limited by shares in accordance with the Company Act and it name shall be Choice Development, Inc. in Chinese language and CHOICE DEVELOPMENT, INC. in English language.

Article 2 The scope of business of the Company is as follows:

A102080 Horticultural Services
C701010 Printing
C702010 Plate Making Industry
C703010 Printed Matter Binding and Processing
CC01080 Electronics Components Manufacturing
CC01120 Data Storage Media Manufacturing and Duplicating
CE01030 Optical Instruments Manufacturing
CF01011 Medical Devices Manufacturing
CZ99990 Manufacture of Other Industrial Products Not Elsewhere Classified
E502010 Fuel Catheter Installation Engineering
E599010 Piping Engineering
E601010 Electric Appliance Construction
E601020 Electric Appliance Installation
E603040 Fire Safety Equipment Installation Engineering
E603050 Automatic Control Equipment Engineering
E603090 Lighting Eq Gas Water Heater Contractors uipments Construction
E603130 Gas Water Heater Contractors
E604010 Machinery Installation
E605010 Computer Equipment Installation
E606010 Power Consuming Equipment Inspecting and Maintenance
E607010 Solar Thermal Energy Equipment Installation Engineering
E701010 Telecommunications Engineering
E701030 Controlled Telecommunications Radio-Frequency Devices Installation Engineering
E701040 Simple Telecommunications Equipment Installation
E801010 Indoor Decoration
E801070 Kitchenware and Sanitary Fixtures Installation Engineering
E901010 Painting Engineering
EZ05010 Instrument and Meters Installation Engineering
EZ14010 Sport Venue Equipment Engineering
EZ99990 Other Engineering
F102170 Wholesale of Foods and Groceries
F107080 Wholesale of Environmental Agents
F107170 Wholesale of Industrial Catalyst
F107990 Wholesale of Other Chemical Products
F113010 Wholesale of Machinery
F113020 Wholesale of Electrical Appliances

F113030 Wholesale of Precision Instruments
F113050 Wholesale of Computers and Clerical Machinery Equipment
F113070 Wholesale of Telecommunication Apparatus
F113100 Wholesale of Pollution Controlling Equipments
F113110 Wholesale of Batteries
F113990 Wholesale of Other Machinery and Tools
F117010 Wholesale of Fire Safety Equipment
F118010 Wholesale of Computer Software
F119010 Wholesale of Electronic Materials
F121010 Wholesale of Food Additives
F201010 Retail Sale of Agricultural Products
F201070 Retail sale of Flowers
F203010 Retail Sale of Food, Grocery and Beverage
F205040 Retail Sale of Furniture, Bedding Kitchen Utensils and Fixtures
F206020 Retail Sale of daily commodities
F206050 Retail Sale of Pet Food and Supplies
F208031 Retail Sale of Medical Apparatus
F208040 Retail Sale of Cosmetics
F209060 Retail Sale of Culture, Education, Musical Instruments and Educational Entertainment Supplies
F213010 Retail Sale of Electrical Appliances
F213030 Retail Sale of Computers and Clerical Machinery Equipment
F213060 Retail Sale of Telecommunication Apparatus
F213110 Retail Sale of Batteries
F216010 Retail Sale of Camera Equipment
F218010 Retail Sale of Computer Software
F219010 Retail Sale of Electronic Materials
F221010 Retail of Food Additives
F399010 Convenience Stores
F399040 Retail Sale No Storefront
F399990 Retail sale of Other Integrated
F401010 International Trade
F501030 Beverage Shops
F601010 Intellectual Property Rights
H701010 Housing and Building Development and Rental
H701040 Specific Area Development
H701050 Investment, Development and Construction in Public Construction
H701060 New Towns, New Community Development
H701070 Process Zone Expropriation and Urban Land Readjustment Agency
H701080 Urban Renewal Reconstruction
H703090 Real Estate Business
H703100 Real Estate Leasing
H703120 Self-Storage
I103060 Management Consulting
I199990 Other Consulting Service
I301010 Information Software Services
I301020 Data Processing Services

I301030 Electronic Information Supply Services
I401010 General Advertisement Service
I501010 Product Designing
I599990 Other Designing
IG03010 Energy Technical Services
IZ12010 Manpower Dispatched
IZ99990 Other Industrial and Commercial Services
J101030 Waste Disposing
J101040 Waste Treatment
J101050 Environmental Testing Services
J101060 Wastewater (Sewage) Treatment
J101080 Resource Recycling
J101990 Other Environmental Sanitation and Pollution Prevention Service
J399010 Software Publishing
JA02010 Electric Appliance and Electronic Products Repair
JB01010 Conference and Exhibition Services
JE01010 Rental Business
JZ99030 Photography
JZ99050 Agency Services
ZZ99999 All business activities that are not prohibited or restricted by law, except those that are subject to special approval

Article 3 The total amount of reinvestments should not subject to the limitation of "not exceed forty percent of the amount of its own paid-up capital" and the total amount of investment is determined by a resolution of the Board.

Article 4 The Company is registered in Taipei City (ROC) and when necessary, the company may establish branches at home and abroad as resolved by the board of directors.

Article 5 The Company may act as a guarantor for companies in the same industry.

Chapter II Shares

Article 6 The registered capital of the Company shall be 2.5 billion New Taiwan Dollars (NT$2,500,000,000), divided into two hundred fifty million (250,000,000) shares, with a par value of ten New Taiwan Dollars (NT$10) per share. Board of Directors authorizes the shares which are unissued that govern the issue of new shares by installments for the purpose of company's business.

Within the total capital of the preceding paragraph, twenty million shares with NT$10 per par value is reserved for the issuance of employee warrants for a total of two hudrend million shares.

Article 6-1 If this Company issues stock option certificates to its employees at a price below the market price, such certificates may be issued only if a meeting of shareholders representing more than half of the total number of shares in issue is held and approved by at least two-thirds of the votes of the shareholders present.

If this Company transfer the same to an employee at a price lower than the average price at which the shares are bought back, the transfer shall be approved by at least two-thirds of the votes of the shareholders present at a shareholders' meeting representing more than half of the total number of issued shares before the transfer.

Article 6-2 The employees entitled to subscribe for new shares upon issuance and the recipients of restricted stock awards may include employees of controlling or subsidiary companies meeting certain requirements.

Article 7 The stocks of his Company are generally registered, and the issued shares may be exempted from printing stock certificates, but they should be registered with the centralized securities depository enterprise.

Article 8 This Company's shareholding affairs are handled in accordance with the provisions of "the Regulations Governing the Administration of Shareholder Services of Public Companies" and other relevant laws and regulations.

Article 9 Assignment/transfer of shares of the company shall not be altered within 60 days prior to the convening date of a regular shareholders' meeting, or within 30 days prior to the convening date of a special shareholders' meeting, or within 5 days prior to the target date fixed by the issuing company for distribution of dividends, bonus, or other benefits.

Chapter III Shareholders' Meeting

Article 10 Shareholders' meeting of the company shall be of two kinds: regular meeting of shareholders and Special meeting of shareholders. The regular meeting of shareholders shall be convened at least once a year within six months after close of each fiscal year; the special meeting of shareholders shall be convened whenever necessary according to the laws and regulations.

Article 11 The shareholders' meeting of this Company may be held by video conference or other means announced by the central competent authority.

Article 12 The conditions, operating procedures, and other matters to be complied with for the holding of a video conference shall be in accordance with the relevant regulations. If the competent securities authorities have stipulated otherwise, they shall comply with such regulations.

Where shareholders are unable to attend a shareholders' meeting for any reason, it should be handled in accordance with the provisions of the Company Act and "Regulations Governing the Use of Proxies for Attendance at Shareholders' Meeting of Public Companies".

Article 13 If the shareholders wish to attend the shareholders' meeting in person after the proxy is delivered to this Company, they shall give a written notice of revocation of the proxy to this Company at least two days before the shareholders' meeting; if the revocation is overdue, the voting rights performed by the proxy shall prevail.

The shareholders' meeting shall be convened by the Board, and the Chairman shall preside the meetings. In case the Chairman is on leave or absent or cannot exercise his power and authority for any cause, the Vice Chairman acts as his proxy. In case the Vice-Chairman is also on leave or absent or cannot exercise his power and authority for any cause, the Chairman shall designate one of the directors to act on his behalf. In the absence of such a designation, the Directors shall appoint one from among themselves to act as proxy.

Article 14 When the shareholders' meeting is convened by parties entitled to convene a shareholders' meeting other than the Board, the person with the right to convene shall act as the chair; when there are more than two parties entitled to convene a shareholders' meeting, the parties shall elect one of their number to be the chair.

Article 15 Except in the circumstances otherwise provided for in laws, a shareholder shall have one voting power in respect of each share in his/her/its possession.

Article 16 Unless otherwise specified in the Company Act, for the resolution of Shareholders' meeting, it shall be made by the attendance with over a half of the shareholders holding outstanding number of shares and agreement of over a half of attending shareholders with voting rights.

Article 17 Matters relating to the resolutions of a shareholders meeting shall be recorded in the meeting minutes. The meeting minutes shall be signed or sealed by the chair of the meeting and a copy distributed to each shareholder within 20 days after the conclusion of the meeting.

Article 18 The meeting minutes may be produced and distributed in accordance with the provisions set forth in Article 183 of Company Act.

Article 19 The meeting minutes shall accurately record the year, month, day, and place of the meeting, the chair's full name, the methods by which resolutions were adopted, and a summary of the deliberations and their voting results. The minutes shall be retained for the duration of the existence of this Company.

Article 20 The attendance list bearing the signatures of shareholders present at the meeting and the powers of attorney of the proxies shall be kept by the company for a minimum period of at least one year. However, if a lawsuit has been instituted by any shareholder in accordance with the provisions of Article 189 hereof, the minutes of the shareholders' meeting involved shall be kept by the company until the legal proceedings of the foregoing lawsuit have been concluded.

Chapter IV Directors and Audit Committee

Article 16 This Company has five to nine directors, and adopts a candidate nomination system, which is selected by shareholders from a list of candidates. The term of office is three years, and consecutive elections are eligible for re-election.

For the number of Directors mentioned in above paragraph, the number of Independent

Directors should be no fewer than three and no fewer than one-thirds of the number of Directors in total.

The Company complies with regulations stipulated by the competent authority of securities for the professional qualification, shareholding, part-time restriction, nomination, election, and other regulations of its Independent Directors.

Independent and non-independent directors shall be elected at the same time, but the quota shall be calculated separately.

The Company shall purchase liability insurance for the Directors and the Supervisors to cover their liability of compensation asserted against them when they exercise their duty during their term to reduce and disperse the risk of significant damage to the company and shareholders caused by directors' mistakes or negligence.

Article 17 This Company sets up an Audit Committee which is composed of all Independent Directors with the number not less than three, and one of them shall be the convener and at least one of them must have accounting or financial expertise.

The Audit Committee is responsible for the implementation of the Company Act, Securities & Exchange Act, and other laws and regulations that stipulate the supervisor's authority and compliance with the relevant laws and regulations of the Company.

Article 18 The Board of Directors should be composed of Directors, and Directors shall elect from themselves a Chairman of the Board, by a majority in a meeting attended by over two-thirds of the Directors, and in the same manner, another person may be elected from among themselves as Vice Chairman.

The Chairman execute all businesses of the Company according to the laws and regulations and resolutions from the shareholders' meetings and Board of Directors.

Article 19 In the event that a vacancy in the Board of Directors reaches one-third or all of the independent directors are dismissed, the Board of Directors shall convene an Extraordinary General Meet within 60 days to hold a by-election, provided that the term of office of the directors to be appoin by the by-election shall be limited to the full term of the original appointment.

Article 20 Seven days prior to the convening of a meeting of the board of directors, notice shall be sent to all directors, specifying reason for calling the meeting, though, in emergency situations, a meeting may be called whenever necessary.

The convening of the Board may be done in writing, by fax or electronically.

The Board of Directors meeting may be conducted in the form of video conference.

The director's attendance by video conference will be deemed attendance in person.

If a director is unable to attend the meeting for any reason, he/she may appoint another director to attend the meeting by proxy, provided that one person is appointed by one person at the same time.

Article 21 Except as otherwise provided by the Company Act, the Board's resolutions should be approved by a majority vote at a meeting attended by more than half of the Directors.

When directors have their own interests in the matters of the meeting, they shall explain the important content of their own interests on the Board at that time.

A director shall be deemed to be interested in the matters of the preceding meeting if his or her spouse, second degree of consanguinity, etc., or a company with which the director has a controlling subordinate relationship, has an interest in such matters.

Article 22 The storage method and period of relevant data shall be handled in accordance with the provisions of this Company's "Board of Directors' Rules of Procedures". Board's resolution should be recorded in the meeting minutes, which should have the signature/seal of the chair of the meeting and the person taking the minutes and be sent out to all Directors within 20 days; the minutes of the meeting shall record the year, month, day, place, name of the chair, resolution method, essentials of the proceedings and the results of the meeting; the preservation method and period of relevant materials shall be handled in accordance with the provisions of the "Rules of Procedure of Board of Directors" of this Company.

Article 23 The Board's powers are as follows:

Approval of the business plan.
Drafting of earnings distribution.
Drafting of capital increase or decrease.
Approval of important rules and contracts.
Appointment and dismissal of general manager, deputy general manager and directors of R&D, finance, accounting, and auditing departments of this Company.
Establishment and dissolution of branch offices.
Approval of budget and final accounts.

Approval of real estate sales and investment in other businesses.
Decisions on other important matters, and powers conferred by laws and regulations.

Article 24 The Company may remunerate the directors of this Company for the performance of their duties for this Company, irrespective of the Company's profit or loss, at a rate not exceeding the highest salary level set out in this Company's approved salary plan, as agreed by the Board, based on the value of their participation in and contribution to the Company's operations.

Chapter V Managers

Article 25 This Company has one General Manager, several Deputy General Managers. Their designation, dismissal, and compensation shall be processed according to Article 29 of the Company Act.

Chapter VI Final Accounts

Article 26 The board of directors shall prepare the following statements upon the completion of each accounting year:

Business reports.
Financial statements; and
Earnings distribution or loss off-setting proposals.

Article 27 If the Company has a profit for the year, it shall distribute not less than 3% as employee compensation (of which 50% shall be distributed to rank-and-file employees) and not more than 3% as director compensation. However, if the Company has accumulated deficits, an amount shall be reserved in advance to offset the deficits.

When employee remuneration is distributed in the form of stock or cash, the Board shall make a resolution with more than two-thirds of the directors present and more than half of the directors present and report it to the shareholders meeting.

The recipients of employee compensation in the form of shares or cash may include employees of controlling or subsidiary companies meeting certain requirements.

If this Company has earnings in its annual final accounts, it shall pay taxes and make up losses according to law, and the next 10% is the legal reserve, but this is not the case when the legal reserve has reached the paid-in capital. In addition, after the special reserve is listed or reversed according to the relevant laws and regulations, and the retained earnings-unappropriated at the beginning of the same period is the accumulated distributable earnings of shareholders, the Board will draw up a plan for the distribution of earnings. When issuing new shares, it should be submitted to the shareholders meeting for resolution before distribution. If the aforementioned special reserve is the net deduction of other equity and net increase in the fair value of investment real estate accumulated by this company in the previous period, the same amount of special reserve shall be withdrawn from the retained earnings-unappropriated in the previous period, if there is any deficiency at that time, the net profit of the current period plus the amount other than the net profit after tax of the current period included in the retained earnings-unappropriated amount of the current period shall be provided.

If this Company distributes dividends and bonuses or all or part of the legal reserve and capital reserve in the form of cash distribution, the Board is authorized to do so with the presence of more than two-thirds of the directors present and the consent of more than half of the directors present, and report to the shareholders' meeting.

The dividend policy of this Company is to calculate the distributable earnings according to the preceding paragraph, then reserve the required funds according to the operation plan of this Company, and distribute the rest as dividends to shareholders, and the proportion of cash dividends should not be less than 30%.

Chapter VII Supplementary Provisions

Article 28 Matters not provided for in these Articles of Incorporation shall be handled in accordance with the Company Act.

Article 29 This Articles of Incorporation was adopted on April 2, 1976. The 1st amendment was made ……, The 42nd amendment was made on May 26, 2022. The 43rd amendment was made on May 29, 2024. The 44th amendment was made on May 29, 2025,

Appendix II

Choice Development, Inc.

Rules of Procedure for Shareholders Meetings

Except as otherwise provided by laws and regulations or the articles of incorporation, the company's shareholders' meeting shall be conducted in accordance with the Rules.
Unless otherwise provided by law or regulation, this Company's shareholders' meetings shall be convened by the board of directors.

Changes to how this Company convenes its shareholders meeting shall be resolved by the board of directors and shall be made no later than mailing of the shareholders meeting notice.

This Company shall specify in its shareholders meeting notices the time during which attendance registrations for shareholders, solicitors and proxies (collectively "shareholders") will be accepted, the place to register for attendance, and other matters for attention.

The time during which shareholder attendance registrations will be accepted, as stated in the preceding paragraph, shall be at least 30 minutes prior to the time the meeting commences. The place at which attendance registrations are accepted shall be clearly marked and a sufficient number of suitable personnel assigned to handle the registrations. For video-conference shareholders' meetings, shareholders may begin to register on the video conference platform 30 minutes before the meeting starts. Shareholders completing registration will be deemed as attend the shareholders meeting in persons.

Attendance and voting rights at shareholders' meetings shall be calculated based on numbers of shares. The number of shares in attendance shall be calculated according to the shares indicated by the attendance book and sign-in cards handed in, and the shares checked in on the video conference platform, plus the number of shares whose voting rights are exercised by correspondence or electronically.

The Company may appoint a solicitor, an accountant, or a related person to attend a general meeting.

Personnel handling the shareholders' meeting shall wear identification badges or armbands.

The company shall make audio or video recordings of the entire shareholder meeting process and keep them for at least one year.

Where a shareholders meeting is held by video conference, this Company shall keep records of shareholder registration, sign-in, check-in, questions raised, votes cast and results of votes counted by this Company and continuously audio and video record, without interruption, the proceedings of the video conference from beginning to end.

The information and audio and video recording in the preceding paragraph shall be properly kept by this Company during the entirety of its existence, and copies of the audio and video recording shall be provided to and kept by the party appointed to handle matters of the video conference.

The chairman shall call the meeting to order at the appointed meeting time and disclose information concerning the number of nonvoting shares and number of shares represented by shareholders attending the meeting.

However, when the attending shareholders do not represent a majority of the total number of issued shares, the chair may announce a postponement, provided that no more than two such postponements, for a combined total of no more than one hour, may be made. If the quorum is not met after two postponements and the attending shareholders still represent less than one third of the total number of issued shares, the chair shall declare the meeting adjourned. In the event of a video-conference shareholders' meeting, this Company shall also declare the meeting adjourned at the video conference platform.

If the quorum is not met after two postponements as referred to in the preceding paragraph, but the attending shareholders represent one third or more of the total number of issued shares, a tentative resolution may be adopted pursuant to Article 175, paragraph 1 of the Company Act; all shareholders shall be notified of the tentative resolution and another shareholders meeting shall be convened within one month. In the event of a video-conference shareholders' meeting, shareholders intending to attend the meeting by way of video conference shall re-register to this Company in accordance with Article 2.

Before the end of the current meeting, if the number of shares represented by the attending shareholders exceeds half of the total number of issued shares, the chair may resubmit the tentative resolution to the shareholders' meeting for voting in accordance with Article 174 of the Company Act.

When the shareholders' meeting is convened by the Board, the agenda shall be determined by the Board and distributed to the attending shareholders or shareholders' proxies. The meeting shall be conducted in accordance with the scheduled agenda and shall not be changed without a resolution of the shareholders' meeting.

If the shareholders' meeting is convened by a person other than the Board who has the right to convene, the provisions of the preceding paragraph shall apply mutatis mutandis.

Before the conclusion of the agenda (including provisional motions) scheduled in the first two prographs, chair shall not directly declare a meeting adjourned.

After the meeting is adjourned, shareholders are not allowed to recommend another chair to resume the meeting at the original address or find another place.

During the meeting, the chair may declare a break at his/her discretion. In the event of a force majeure, the chair may suspend the meeting and, if appropriate, declare the time of the adjourned meeting.
Before speaking, an attending shareholder must specify on a speaker's slip the subject of the speech, his/her shareholder account number (or attendance card number), and account name. The order in which shareholders speak will be set by the chair.

Shareholders attending the meeting who only submit speech notes but did not make a speech are deemed not to have made a speech. If the content of the speech is inconsistent with the record in the speech note, the content of the speech shall prevail.

When present shareholders are speaking, other shareholders are not allowed to intervene unless they have obtained the consent of the chairman and the speaking shareholders, and the chairman should stop the violation.

When discussing proposals, it should be discussed in the order in which the agenda is arranged. If something violates the procedure or exceeds the agenda, the chair can immediately stop him from speaking.
The shareholders present shall not speak for more than five minutes at any one time, after which time the chair may discontinue his or her speech.

Where a video-conference shareholders' meeting is convened, shareholders attending the video conference may raise questions in writing at the video conference platform from the chair declaring the meeting open until the chair declaring the meeting adjourned. No more than two questions for the same motion may be raised. Each question shall contain no more than 200 words. The regulations in paragraphs 8, 9, 11, and 12 do not apply.

Except with the consent of the chairman, a shareholder may not speak more than twice on the same motion.
When the government or a legal person is a shareholder, it may be represented by more than one representative at a shareholders' meeting. When a legal person is entrusted to attend the shareholders meeting, the legal person can only designate one representative to attend.

When legal person shareholders designate two or more representatives to attend the shareholders meeting, only one person can speak on the same motion.

After the present shareholders have spoken, the chairman may reply in person or by designating relevant personnel.
When a proposal is under discussion, the chair may declare the discussion closed at an appropriate time and, if necessary, adjourn the discussion and put it to the vote.
Except as otherwise provided in the Company Act and in this Company's articles of incorporation, the passage of a motion shall require an affirmative vote of a majority of the voting rights represented by the attending shareholders.

The shareholders shall appoint a proxy to attend the shareholders' meeting, except for trust business or a stock exchange agent approved by the competent securities authority. If a person is appointed by more than two shareholders at the same time, the voting rights of the proxy shall not exceed $3\%$ of the total number of issued shares, and if the voting rights exceed that, the voting rights of the proxy shall not be counted.

If the shareholders wish to attend the shareholders' meeting in person or by video conference after the proxy is delivered to this Company, they shall give a written notice of revocation of the proxy to this Company at least two days before the shareholders' meeting; if the revocation is overdue, the voting rights performed by the proxy shall prevail.

The shareholders shall not vote on the matters of the meeting if they have their own interests that may be harmful to the interests of the Company and shall not exercise their voting rights on behalf of other shareholders.

The scrutineers and tellers for voting on motions shall be designated by the chair, but the scrutineers shall have the status of shareholders. The voting results shall be reported on the spot and recorded.

When there is an amendment or an alternative to a proposal, the chair shall present the amended or alternative proposal together with the original proposal and decide the order in which they will be put to a vote. When any one among them is passed, the other proposals will then be deemed rejected, and no further voting shall be required.

When this Company convenes a video-conference shareholders meeting, after the chair declares the meeting open, shareholders attending the meeting online shall cast votes on proposals and elections on the video-conference meeting platform before the chair announces the voting session ends or will be deemed abstained from voting.

In the event of a video-conference shareholders meeting, votes shall be counted at once after the chair announces the voting session ends, and results of votes and elections shall be announced immediately.

When this Company convenes a video-conference shareholders' meeting, if shareholders who have registered to attend the meeting online in accordance with Article 6 decide to attend the physical shareholders meeting in person, they shall revoke their registration two days before the shareholders

meeting in the same manner as they registered. If their registration is not revoked within the time limit, they may only attend the shareholders meeting online.

When shareholders exercise voting rights by correspondence or electronic means, unless they have withdrawn the declaration of intent and attended the shareholders meeting online, except for extraordinary motions, they will not exercise voting rights on the original proposals or make any amendments to the original proposals or exercise voting rights on amendments to the original proposal.

The chair may direct the pickets (or security personnel) to help maintain order at the meeting place. When pickets or security personnel help maintain order at the meeting place, where the pickets (or security personnel) shall wear an armband bearing the word "Picket".
If the agenda scheduled by the shareholders' meeting (including extraordinary motions) is not concluded, and the venue for the meeting cannot continue to be used at that time, the shareholders' meeting may resolve to find another venue to continue the meeting.
In the event of a shareholders' meeting held by video conference, this Company shall disclose real-time results of votes and election immediately after the end of the voting session on the video-conference meeting platform according to the regulations
The venue for a shareholders meeting shall be the premises of this Company, or a place easily accessible to shareholders and suitable for a shareholders meeting. The meeting may begin no earlier than 9 a.m. and no later than 3 p.m.

The restrictions on the place of the meeting shall not apply when this Company convenes a video-conference shareholders' meeting.

When this Company convenes a video-conference shareholders' meeting, both the chair and secretary shall be in the same location, and the chair shall declare the address of their location when the meeting is called to order.

If the shareholders' meeting is held by video conference, and the video conference platform or participation in the video conference is obstructed due to natural disasters, accidents or other force majeure events before the chair has announced the meeting adjourned, and the obstruction continues for more than 30 minutes, the meeting shall be postponed to or resumed on another date within five days, in which case Article 182 of the Company Act shall not apply.

For a meeting to be postponed or resumed as described in the preceding paragraph, shareholders who have not registered to participate in the affected shareholders meeting online shall not attend the postponed or resumed session.

For a meeting to be postponed or resumed under the first paragraph, the number of shares represented by, and voting rights and election rights exercised by the shareholders who have registered to participate in the affected shareholders meeting and have successfully signed in the meeting, but do not attend the postpone or resumed session, at the affected shareholders meeting, shall be counted towards the total number of shares, number of voting rights and number of election rights represented at the postponed or resumed session.

When this Company convenes a hybrid shareholders meeting, and the video-conference meeting cannot continue as described in first paragraph, if the total number of shares represented at the meeting, after deducting those represented by shareholders attending the video conference of shareholders' meeting online, still meets the minimum legal requirement for a shareholder meeting, then the shareholders meeting shall continue, and not postponement or resumption thereof under the first second paragraph is required.

Under the circumstances where a meeting should continue as in the preceding paragraph, the shares represented by shareholders attending the video conference shall be counted towards the total number of shares represented by shareholders present at the meeting, provided these shareholders shall be deemed abstaining from voting on all proposals on meeting agenda of that shareholders' meeting.

When this Company holds a video-conferencing shareholders' meeting, it shall provide appropriate alternative measures for shareholders who have difficulty attending the shareholders' meeting via video conference.
The Rules shall come into force after being submitted to the Board for resolution, and reported to shareholders' meeting for approval, and the same shall apply to corrections.
This Rule was adopted on April 27, 1980.

The 1st amendment was made on April 11, 2001.

The 2nd amendment was made on June 14, 2006.

The 3rd amendment was made on June 15, 2012.

The 4th amendment was made on June 14, 2023.

Appendix III

Choice Development, Inc.

Regulations Governing the Election of Directors

The election of directors of this Company shall be handled in accordance with the Regulations.
The election of the directors of this company adopts cumulative voting. Each share has the same voting rights as the number of directors to be elected. One person can be elected collectively, or several people can be allocated for election.

The election of directors shall be conducted in accordance with the procedures for the nomination of candidates stipulated in Article 192-1 of Company Act.

The independent director and the non-independent director should be elected together, and the number of elected places should be calculated separately.

For the directors of this Company, the voting rights of independent director and non-independent director shall be calculated respectively according to the quota stipulated in the articles of association of this Company, and those with more voting rights shall be elected successively. If there are two or more representatives with the same electoral weight but more than the required number, the number of votes shall be drawn by lot. For those who do not attend, the Chairman shall draw lots for them.
The Board shall prepare ballots equal to the number of directors to be elected, fill in the number of weights, and distribute them to the shareholders present at the shareholders meeting. The names of voters may be replaced by the attendance card numbers printed on the ballots.
At the commencement of the election, the Chairman shall appoint several enumerators and several supervisors in the capacity of shareholders to perform the relevant tasks.
The elector shall state the name of the person to be elected in the column headed "Elected" on the ballot paper and shall include the shareholder's account number or, in the case of a person other than a shareholder, the name of the person to be elected and the identity card number or, in the case of a legal person, the name of the government or the legal person must be filled in, and the name of the representative of the government or the legal person may also be filled in, and the shareholder account number of the legal person shall be added.
Ballots are invalid under any of the following circumstances:

1) If the ballot paper specified in Article 4 of the Regulations is not used.
2) Where the filled number of persons to be elected exceeds the number specified in Articles of Incorporation.
3) Other words than the voter's account or name and the shareholder's account number or the ID card number are inserted.

If the elector has one of the following circumstances in the ballot paper, it is invalid:

1) Where the handwriting is blurred and illegible.
2) Where the name and account number of the person to be elected as a shareholder do not correspond to those listed in the register of shareholders, or where the name and number of the identity card of the person who is not a shareholder do not correspond to those listed in the register of shareholders.
3) Where the name of the person to be elected is the same as the names of other shareholders, and no shareholder's account number or ID card number is entered for identification purposes.

The result of the ballot shall be announced on the spot by the Chairman, or a person designated by the Chairman and shall include the names of the Directors elected and the number of rights for which they were elected.
Matters not stipulated in the Regulations shall be handled in accordance with the Company Act and relevant laws and regulations.
The Regulations shall come into force after being passed by the Board and reported to the general meeting of shareholders for approval, and the same shall apply for amendments.
The Regulations were adopted on April 27, 1990.

The 1st amendment was made on June 14, 2006.

The 2nd amendment was made on June 20, 2003.

The 3rd amendment was made on June 15, 2012.

The 4th amendment was made on June 22, 2017.

The 5th amendment was made on June 15, 2020.

Appendix IV

Shareholding by all directors of Choice Development, Inc.

The paid-in capital of this Company is NT$1,012,800,000 and the number of issued shares is 101,280,000.
According to the provisions of Article 26 of the Securities & Exchange Act, the legal minimum number of shares held by all directors is 8,000,000 shares.
The shareholding status of all directors in the register of shareholders as of the closing date of the general meeting of shareholders (March 27, 2026) is as follows:

List of shareholdings of all directors

Title	Name or Account Name	Election date	Term	Number of shares held
Chairman	Chen Hui-Yu	06/14/2023	3 years	3,000,057
Vice Chairman	Chang Shih-Kui, the representative of Dehui Investment Co., Ltd.	06/14/2023	3 years	5,022,409
Director	Lin Keng-Jan, the representative of Solara Enterprises, Ltd.	06/14/2023	3 years	626,922
Director	Kuo, Cheng-Hung, the representative of Wei Chen Investment Co., Ltd.	06/14/2023	3 years	573,996
Independent director	Lin Lung-Ta	06/14/2023	3 years	0
Independent director	Tsai Ming-Fang	06/14/2023	3 years	0
Independent director	Chung, Kung-Chao	06/14/2023	3 years	0
Total number of shares held by all directors				9,223,384

AI assistant

CHOICE — AGM Information 2026

52792_rns_2026-04-24_a622996b-1d7e-4cd4-ad5d-3d0a2e224784.pdf

Choice Development, Inc.

Attachments

Appendixes

Audit Committee’s Review Report

Choice Development, Inc.

Proposal Matters

Matters for Discussion

Election Matters

Other Proposals

Explanation:

Resolution:

Questions and Motions

Adjournment

Attachment I 2025 Consolidated and non-Consolidated Financial Statement Independent Auditors' Report

Opinion

Basis for Opinion

Key Audit Matters

Appropriateness of sales revenue cut-off

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

Auditor's Responsibilities for the Audit of the Consolidated Financial Statements

We also:

CHOICE DEVELOPMENT, INC. AND SUBSIDIARIES

Appropriateness of sales revenue cut-off

Responsibilities of Management and Those Charged with Governance for the Non-Consolidated Financial Statements

Auditors' Responsibilities for the Audit of the Non-Consolidated Financial Statements

Appendix I

Choice Development, Inc.

Articles of Incorporation

Chapter I General Provisions

Chapter II Shares

Chapter III Shareholders' Meeting

Chapter IV Directors and Audit Committee

Chapter V Managers

Chapter VI Final Accounts

Chapter VII Supplementary Provisions

Appendix II

Choice Development, Inc.

Rules of Procedure for Shareholders Meetings

Appendix IV

Shareholding by all directors of Choice Development, Inc.

More from CHOICE

CHOICE AGM Information 2026