CROWELL — Proxy Solicitation & Information Statement 2026

Apr 24, 2026

Crowell Development Co., Ltd.
Meeting Notice for the 2026 Annual Shareholders’ Meeting
(Summary Translation)

The 2026 Annual General Shareholders’ Meeting (the “Meeting”) of Crowell Development Co., Ltd. (the “Company”) will be convened at 9:00 a.m., Thursday, May 28, 2026 at COZZI Blu (No. 101 Chunde Road, Zhongli District, Taoyuan City 320016, Taiwan)

I. The agenda for the Meeting is as follows:

1. Reported Items
   (1) 2025 Business Report.
   (2) 2025 Audit Committee's Review Report.
   (3) 2025 Distribution of Employee and Director Remuneration.
   (4) 2025 Cash Dividends Distribution Status.
   (5) 2025 Director Remuneration.

2. Matters for Ratification
   (1) 2025 Business Report and Financial Statements.
   (2) 2025 Annual Profit Distribution.

3. Matters for Discussion
   Proposal for Capitalization of Earnings and Issuance of New Shares.

4. Matters for Election
   Proposal for the Re-election of All Directors of the Company.

5. Other Matters
   Proposal for Lifting Non-Compete Restrictions on Newly Elected Directors of the Company.

6. Extempore Motions

II. The main contents of the Company’s earnings distribution and capitalization case :
1. Cash dividends : NT$1.5 per share.
2. New shares through capitalization of earnings : Earnings 150 shares gratuitously allotted for every thousand shares.

III. In this shareholder meeting, 7 directors (including 4 independent directors) will be elected and

DISCLAIMER:
For the convenience of readers, this meeting notice has been translated into English from the original Chinese version prepared and used in Taiwan, the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language version shall prevail.

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nominated by candidates.

List of Director Candidates:

• Representative of Yuanan Investment Co., Ltd., Su, Yung-Ping
• Representative of Ho Chu Investment Co., Ltd., Su, Meng-Kuang
• Hsu, Lien-Chin
• Independent Director Candidates:
• Lin, Hung-Ta
• Chiang, Hsin-Yu
• Huang, Ke-Ming
• Huang Wen-Chi

For more information about each candidate's academic background and work experience, please visit the Public Information Observatory (https://mopsov.twse.com.tw/mops/web/t144sb11), For "Announcement Type", please click "Announcement on Election of Directors and Supervisors by Candidate Nomination System (Listed and Emerging Companies)"

IV. The main content of the proposals pursuant to Article 172 of the Company Act of the Republic of China, please refer to the handbook for the 2026 annual meeting of shareholders.

V. Pursuant to Article 165 of the Company Act, the Company hereby closes the share transfer registration from March 30, 2026 to May 28, 2026.

VI. One copy of the attendance notification form and proxy form will be attached to this meeting notice. If the shareholder(s) is attending the meeting in person, please sign or stamp on the attendance notification from and carry it to the check-in desk on the day of the meeting. In the case that an agent(s) is entrusted to attend the meeting, the shareholder(s) shall sign or stamp on the proxy form and personally fill out the name and address of the agent, then deliver the proxy form to the Grand Fortune Securities Corporation Registrar Transfer Department at least 5 days prior to the day of the meeting. The signed proxy form will serve as the sign-in card for agent(s) to represent your vote at the meeting.

VII. If a proxy is solicited by the shareholder(s), Crowell Development Co., Ltd. is required to compile details on the proxy solicitation parties and disclose such information on the Securities & Future Institute (SFI) website no later than April 27, 2026. Shareholder(s) can obtain information on proxy solicitation firms from the "Free proxy disclosure & related information system" (http://free.sfi.org.tw), via the "proxy disclosure and meeting notices" search page.

DISCLAIMER:

For the convenience of readers, this meeting notice has been translated into English from the original Chinese version prepared and used in Taiwan, the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language version shall prevail.

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VIII. Shareholders may exercise their voting rights through the STOCKVOTE platform of Taiwan Securities Central Depository Co., Ltd. (https://stockservices.tdcc.com.tw) during the period from April 28, 2026 to May 25, 2026.

IX. The Transfer Agency Department of Grand Fortune Securities Co., Ltd. is the proxy tallying and verification institution for this Annual meeting.

Board of Directors

Crowell Development Co., Ltd.

DISCLAIMER:

For the convenience of readers, this meeting notice has been translated into English from the original Chinese version prepared and used in Taiwan, the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language version shall prevail.