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Stock Code ： 2645
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EVERGREEN AVIATION TECHNOLOGIES CORPORATION

2025 Annual General Shareholders’ Meeting

Meeting Handbook

May 29, 2025

THIS IS A TRANSLATION OF THE HANDBOOK FOR THE 2025 ANNUAL SHAREHOLDERS’ MEETING (THE “HANDBOOK”) OF EVERGREEN AVIATION TECHNOLOGIES CORPORATION (THE “COMPANY”). THIS TRANSLATION IS INTENDED FOR REFERENCE ONLY AND NOTHING ELSE, THE COMPANY HEREBY DISCLAIMS ANY AND ALL LIABILITIES WHATSOEVER FOR THE TRANSLATION. THE CHINESE TEXT OF THE HANDBOOK SHALL GOVERN ANY AND ALL MATTERS RELATED TO THE INTERPRETATION OF THE SUBJECT MATTER STATED HEREIN.

AGENDA FOR THE MEETING

I. Report the total number of shares represented at this AGM ........ 1 II. Announce commencement of the meeting and Chairman’s address .... 1 III. Report Items.................................................................................. 1 IV. Ratification and Discussion Items ................................................. 2 V. Election Item ................................................................................. 3 VI. Other Item ..................................................................................... 4 VII. Extraordinary Motion ................................................................... 5 VIII. Meeting Adjournment ................................................................... 5 APPENDICES ․ Articles of Incorporation ................................................................. 29 ․ Rules and Procedures of Shareholders’ Meeting ............................ 38 ․ Regulations for Electing Directors................................................... 46 ․ Shareholdings of Directors ............................................................. 49

EVERGREEN AVIATION TECHNOLOGIES CORPORATION 2025 Annual General Shareholders’ Meeting

Type of Meeting: Physical Meeting

Meeting Time: 9:00 AM on May 29 (Thursday), 2025

Meeting Location: Conference Hall 1001 on the 10[th] floor, International Convention Center of Chang Yung-Fa Foundation No.11, Zhongshan S. Rd., Taipei City, Taiwan

Attendance: There are ___ shares represented by attending shareholders, reaching % of entire 374,570,962 shares issued by the Company.

Chairman: Mr. Huang, Nan-Horang, Chairman of the Board

I. Report the total number of shares represented at this AGM.

II. Announce commencement of the meeting and Chairman’s address.

III. Report Items:

A. Business Report of the year 2024 (Handbook pages 6-7).
B. Audit Committee’s Review Report of the year 2024 (Handbook page 17).
C. 2024 Compensation of Employees and Directors Report:

The Board of Directors appropriated NT$175,679,817 as Employees’ Compensation in cash and NT$7,000,000 as Directors’ Compensation pursuant to the Articles of Incorporation.

D. 2024 Directors’ Remuneration Report (Handbook pages 18-19).
E. 2024 Cash Dividend Distribution Report (Handbook page 16):
The Board of Directors has resolved to distribute cash dividend NT$4.5 per share pursuant to the Company’s Articles of Incorporation. The total amount of cash dividends shall be NT$1,685,569,329. The cash dividends will be calculated to the nearest round NT dollar, the

remainder will be recognized as “ Other Non-Operating Income ” of the Company.

The ex-dividend date and payment date for the cash dividends would be resolved by the Chairman of the Board.

IV. Ratification and Discussion Items:

Proposed by the Board of Directors

Proposal 1: Ratification of 2024 Business Report and Audited Financial Report (Handbook pages 6-15). Please ratify.

Description: The 2024 Financial Report of the Company has been audited by Ms. Chen, Ya-Ling and Mr. Huang, Ming-Hung, CPAs of KPMG Taiwan.

Resolution:

Proposed by the Board of Directors

Proposal 2: Ratification of 2024 earnings distribution (Handbook page 16). Please ratify.

Description: The Company’s 2024 earnings distribution, including the cash dividend, has been resolved by the Board of Directors in accordance with the Articles of Incorporation and reported to the Shareholders’ Meeting. The earnings distribution table has also been reviewed by the Audit Committee and resolved by the Board of Directors.

Resolution:

Proposed by the Board of Directors

Proposal 3: Proposal to amend the Company’s “Articles of Incorporation” (Handbook pages 20-22). Please discuss.

Description:

Due to the addition of aircraft towing services to the Company’s business operations, it is proposed to amend the Company’s

business activities in Article 2 to add Subparagraph 5 “G602011 Airport Ground Handling Services”.

It is proposed to amend Paragraph 1 of Article 27 to specify that no less than 45% of the employees’ compensation allocated by the Company shall be reserved for non-executive employees:
(1) In compliance with Article 14 of the Securities and Exchange Act which was amended and promulgated per the Presidential Order No. Hua-Zong-I-Yi-11300069631 on August 7, 2024, a listed company shall, in accordance with Paragraph 6 of the aforementioned amended Article, specify in its Articles of Incorporation that a certain percentage of its annual earnings shall be allocated for salary adjustments or compensation distributions for its non-executive employees. However, the company’s accumulated losses shall have been covered.
(2) In order to comply with the above regulations, it is proposed to amend Article 27, Paragraph 1, to specify that no less than 45% of the employees’ compensation allocated by the Company shall be reserved for non-executive employees.
Article 30 is proposed to be amended to add the amendment date.

Resolution:

V. Election Item:

Proposed by the Board of Directors

Proposal: Proposal to elect the Directors of the Company. Description:

Since the 10th term of the current Directors expired on January 11, 2025, the election of the 11th term Directors will take place at the Annual Shareholders’ Meeting. In accordance with Article 195 of the Company Act, the term of office of the current Directors shall be extended until the newly elected Directors take office.
In accordance with Articles 15 and 16 of the Company’s Articles of Incorporation, the Board of Directors has resolved to elect nine Directors (including three Independent Directors). The newly elected Directors shall take office after the Annual General

Shareholders’ Meeting, with a term of three years, from May 29, 2025 to May 28, 2028.

The election of Directors is conducted under the “candidate nomination system”. The list of Director Candidates nominated by the Board of Directors of the Company and relevant information are detailed on Handbook pages 23-28.

Election Results:

VI. Other Item:

Proposed by the Board of Directors

Proposal: Proposal to approve the release of restrictions of competitive activities of the Directors to be elected. Please discuss.

Description:

Directors who, for themselves or others run businesses which are similar to the business of the Company, shall report the competitive activities to and obtain permission from the Shareholders’ Meeting.
The competitive activities of the Director Candidates are shown in the following table. Approval to allow the release of restrictions of competitive activities of Directors to be elected is proposed to the Annual General Shareholders’ Meeting. (Exhaustive list of Concurrent Positions in Other Companies as shown on Handbook pages 23-28.)

Director Candidate	Concurrent Positions in Other Companies	The Business which is similar to the Company’s
EVA Airways Corp. Representative: Huang, Nan-Horang	Director, GE Evergreen Engine Services Corp.	- Aircraft and Parts Manufacturing - Wholesale of Aircraft and Component Parts Thereof - Retail Sale of Aircraft and Component Parts Thereof
	Director, Spirit Evergreen Aftermarket Solutions Co., Ltd.

Director Candidate	Concurrent Positions in Other Companies	The Business which is similar to the Company’s
EVA Airways Corp. Representative: Lin, Bou-Shiu	Director, GE Evergreen Engine Services Corp.	- Aircraft and Parts Manufacturing - Wholesale of Aircraft and Component Parts Thereof - Retail Sale of Aircraft and Component Parts Thereof
	Director, UNI Airways Corp.	Airport Ground Handling Services (Note)
	Director, Evergreen Airline Services Corp.
EVA Airways Corp. Representative: Sun,Chia-Ming	Director, UNI Airways Corp.	Airport Ground Handling Services (Note)
EVA Airways Corp. Representative: Shieh, Shin-Wen	Director, Spirit Evergreen Aftermarket Solutions Co., Ltd.	- Aircraft and Parts Manufacturing - Wholesale of Aircraft and Component Parts Thereof - Retail Sale of Aircraft and Component Parts Thereof

Note: The new business activity is to be added to Article 2 of the Company’s Articles of Incorporation (Proposal 3 under Ratification and Discussion Items).

Resolution:

VII. Extraordinary Motion.

VIII. Meeting Adjournment.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Business Report of year 2024

I. Business Results

The 2024 operating revenue was NT$16.285 billion, an increase of NT$1.503 billion or 10.17% from the previous year.

Maintenance Business:

In 2024, the operating revenue was NT$12.967 billion, an increase of NT$1.58 billion from the previous year, or 13.88% year-on-year. This is mainly due to the continued strong demand for international air transportation, the increasing number of flight hours, and the growing demand for maintenance and repair of aircraft and components. In addition, due to the delayed delivery of new aircraft, older aircraft continue to be used for operations, and the maintenance of airframes and structures increased. These factors contributed to the growth of the overall maintenance business.

Manufacturing Business:

In 2024, the operating revenue was NT$3.318 billion, a decrease of NT$77 million from the previous year, or 2.27% year-on-year. The aircraft and engine original manufacturer were mainly affected by the following two factors: I. the rectification of production line quality control and the strike; II. The raw material supply chain has not yet fully recovered, resulting in a downward revision of demand for orders, which led to a slight variance in production compared to the previous year.

External investment:

The investee enterprise GE Evergreen Engine Services Corp. due to the suspension of manufacturing for internal quality procedure rectification, the number of engines shipped decreased, resulting in an investment loss of NT$423 million.

II. Results vs. Projections

The budgeted operating revenue in 2024 was NT$14.966 billion, the actual operating revenue was NT$16.285 billion, and the achievement rate was 108.81%.

The budgeted profit before tax in 2024 was NT$2.585 billion, and the actual profit before tax was NT$2.293 billion, with an achievement rate of 88.70%.

III.Profitability Analysis

Gross margin: 19.16%

Operating margin: 14.93%

Profit margin before tax: 14.08%

Return on equity: 14.03%

Return on assets: 7.99%

IV. Research and Development

The 737-8/-8200/-9 Base Maintenance capability at TPE was approved by the Civil Aeronautics Administration (CAA).
The Company has acquired an order for two products: optical lens detectors and heat exchangers, from ASML, and completed the first delivery in Q4.
The Company has acquired the supplier qualification for the surveillance unmanned aerial vehicle from the Ministry of National Defense.
The Company has acquired the supplier qualification of Spirit Aerosystem, a U.S.-based company.

Chairman: Huang, Nan-Horang

President: Shieh, Shin-Wen

Accounting Officer: Chen, Chi-Ming

(English Translation of Financial Statements and Report Originally Issued in Chinese)

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Balance Sheets

December 31, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

Assets Current assets: 1100 Cash and cash equivalents 1140 Contract assets-current 1170 Notes and accounts receivable, net 1180 Accounts receivable from related parties, net 1200 Other receivables 1210 Other receivables from related parties 130X Inventories 1470 Other current assets Total current assets Non-current assets: 1550 Investments accounted for using equity method 1600 Property, plant and equipment 1755 Right-of-use assets 1760 Investment property 1780 Intangible assets 1840 Deferred income tax assets 1975 Net defined benefit assets 1900 Other non-current assets Total non-current assets Total assets	December 31, 2024 Amount % $ 4,471,379 19 635,875 3 2,560,603 11 1,338,868 6 29,926 - 25,006 - 2,582,223 11 138,109 1 11,781,989 51 1,536,767 7 5,836,578 26 2,277,628 10 983,768 4 28,145 - 266,965 1 238,548 1 50,036 - 11,218,435 49 $ 23,000,424 100	December 31, 2023 Amount % 5,330,034 23 482,464 2 2,094,535 9 1,090,586 5 14,188 - 10,888 - 2,308,576 10 65,534 1 11,396,805 50 2,044,576 9 6,133,431 27 1,978,057 8 1,029,594 4 38,585 - 236,910 1 116,696 1 34,487 - 11,612,336 50 23,009,141 100 Liabilities and Equity Current liabilities: 2130 Contract liabilities-current 2280 Current lease liabilities 2170 Accounts payable 2180 Accounts payable to related parties 2200 Other payables 2220 Other payables to related parties 2230 Current tax liabilities 2320 Long-term borrowings, current portion 2399 Other current liabilities Total current liabilities Non-current liabilities: 2540 Long-term borrowings 2570 Deferred tax liabilities 2580 Non-current lease liabilities 2645 Guarantee deposits received Total non-Current liabilities Total liabilities Equity : 3100 Ordinary shares 3200 Capital surplus 3300 Retained earnings 3400 Other equity Total equity Total liabilities and equity	December 31, 2024	December 31, 2024		December 31, 2023
			Amount	%		Amount % 19,596 - 109,585 1 715,291 3 34,202 - 469,145 2 45,459 - 458,119 2 1,388,185 6 66,112 1 3,305,694 15 4,814,800 21 - - 1,928,899 8 824 - 6,744,523 29 10,050,217 44 3,745,709 16 2,131,649 9 7,097,921 31 (16,355) - 12,958,924 56 23,009,141 100
			$ 1,318 133,588 948,897 41,010 560,718 22,711 383,387 1,129,559 81,865 3,303,053 4,235,289 5,605 2,217,260 624 6,458,778 9,761,831 3,745,709 2,131,649 7,325,172 36,063 13,238,593 $ 23,000,424	- 1 4 - 2 - 2 5 - 14 18 - 10 - 28 42 16 10 32 - 58 100

(English Translation of Financial Statements and Report Originally Issued in Chinese)

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Statements of Comprehensive Income

For the years ended December 31, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars, except Earnings Per Share)

4000 Operating revenue 5000 Operating costs Gross profit from operations Operating expenses: 6200 Selling and administrative expenses 6300 Research and development expenses 6450 Expected credit gains (losses) Total operating expenses Net operating income Non-operating income and expenses: 7010 Other income 7100 Interest income 7020 Other gains and losses 7050 Finance costs 7060 Share of profit (loss) of associates accounted for using equity method Total non-operating income and expenses 7900 Profit before tax 7951 Income tax expense Profit 8300 Other comprehensive income : 8310 Components of other comprehensive income that will not be reclassified to profit or loss: 8311 Remeasurements of defined benefit plans 8320 Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will not be reclassified to profit or loss 8349 Income tax related to components of other comprehensive income that will not be reclassified to profit or loss Total components of other comprehensive income that will not be reclassified to profit or loss 8360 Components of other comprehensive income that will be reclassified to profit or loss 8370 Share of other comprehensive income of associates accounted for using equity method, components of other comprehensive income that will be reclassified to profit or loss 8399 Income tax related to components of other comprehensive income that will be reclassified to profit or loss Total components of other comprehensive income that will be reclassified to profit or loss 8300 Other comprehensive income, net of tax Total comprehensive income Earnings per share 9750 Basic earnings per share (in New Taiwan Dollars) 9850 Diluted earnings per share (in New Taiwan Dollars)	2024 Amount % $ 16,284,500 100 (13,164,239) (81) 3,120,261 19 (624,866) (4) (64,598) - (77) - (689,541) (4) 2,430,720 15 21,460 - 132,765 1 257,330 2 (142,484) (1) (407,247) (3) (138,176) (1) 2,292,544 14 (455,440) (3) 1,837,104 11 98,235 1 (2,872) - (19,647) - 75,716 1 52,418 - - - 52,418 - 128,134 1 $ 1,965,238 12 $ 4.90 $ 4.88	2023 Amount % 14,781,798 100 (12,141,693) (82) 2,640,105 18 (596,438) (4) (54,879) - (70,542) (1) (721,859) (5) 1,918,246 13 21,802 - 107,022 1 128,858 1 (149,963) (1) 212,894 1 320,613 2 2,238,859 15 (405,827) (3) 1,833,032 12 (81,928) - (6,856) - 16,386 - (72,398) - 361 - - - 361 - (72,037) - 1,760,995 12 4.95 4.93

(English Translation of Financial Statements and Report Originally Issued in Chinese)

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Statements of Changes in Equity

For the years ended December 31, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

Ordinary shares		Retained earnings	Retained earnings
	Legal reserve	Special reserve 72,769 - - (56,053) (56,053) - - - - - 16,716 - - (361) (361) - - - 16,355	Unappropriated retained earnings 5,049,386 (183,241) (1,498,284) 56,053 (1,625,472) 1,833,032 (72,398) 1,760,634 - - 5,184,548 (176,063) (1,685,569) 361 (1,861,271) 1,837,104 75,716 1,912,820 5,236,097
$ 3,528,069 - - - - - - - 217,640 - 3,745,709 - - - - - - - $ 3,745,709	1,713,416
	183,241 - -
	183,241
	- -
	-
	- -
	1,896,657
	176,063 - -
	176,063
	- -
	-
	2,072,720

(English Translation of Financial Statements and Report Originally Issued in Chinese)

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Statements of Cash Flows

For the years ended December 31, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

Cash flows from operating activities: Profit before tax Adjustments: Adjustments to reconcile profit: Depreciation expense Amortization expense Expected credit losses Net gains on financial assets or liabilities at fair value through profit or loss Interest expense Interest income Share-based payments Shares of loss (profits) of associates accounted for using the equity method Gains on disposal of property, plant and equipment Others Total adjustments to reconcile profit Changes in operating assets and liabilities: Changes in operating assets: Contract assets Notes and accounts receivable, including related parties Other receivables, including related parties Inventories Other current assets Net defined benefit assets Total changes in operating assets Changes in operating liabilities: Contract liabilities Accounts payable, including related parties Other payables, including related parties Other current liabilities Total changes in operating liabilities Total changes in operating assets and liabilities Total adjustments Cash inflow generated from operations Income taxes paid Net cash flows from operating activities Cash flows generated from (used in) investing activities: Acquisition of financial assets at fair value through profit or loss Proceeds from disposal of financial assets at fair value through profit or loss Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Acquisition of intangible assets Decrease (increase) in other non-current assets Increase in prepayments for business facilities Interest received Dividends received Net cash flows from investing activities Cash flows generated from (used in) financing activities: Proceeds from long-term borrowings Repayments of long-term borrowings Decrease in guarantee deposits received Payments of lease liabilities Cash dividends paid Cash subscription Interest paid Net cash flow used in financing activities Net (decrease) increase in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period	2024 $ 2,292,544 710,406 15,191 77 (1,386) 142,484 (132,765) - 407,247 (57) (17,214) 1,123,983 (153,411) (714,427) (31,100) (273,327) (72,575) (23,617) (1,268,457) (18,278) 240,414 56,131 15,753 294,020 (974,437) 149,546 2,442,090 (574,269) 1,867,821 (2,490,000) 2,491,386 (175,570) 2,310 (4,751) (2,251) (104,824) 134,009 213,266 63,575 1,550,000 (2,388,137) (200) (122,340) (1,685,569) - (143,805) (2,790,051) (858,655) 5,330,034 $ 4,471,379	2023 2,238,859 732,094 30,475 70,542 (410) 149,963 (107,022) 82,906 (212,894) (6,346) (17,772) 721,536 62,377 (726,724) 10,602 (91,116) 18,868 (30,923) (756,916) 10,429 15,231 134,272 23,579 183,511 (573,405) 148,131 2,386,990 (323,465) 2,063,525 (620,000) 620,410 (147,367) 15,831 (46,698) 14,812 (59,055) 102,786 180,415 61,134 3,926,735 (4,907,566) - (108,138) (1,498,284) 1,701,121 (150,208) (1,036,340) 1,088,319 4,241,715 5,330,034

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KPMG

台北市110615信義路5段7號68樓(台北101大樓) 電話 Tel + 886 2 8101 6666 68F., TAIPEI 101 TOWER, No. 7, Sec. 5, 傳真 Fax + 886 2 8101 6667 Xinyi Road, Taipei City 110615, Taiwan (R.O.C.) 網址 Web kpmg.com/tw

Independent Auditors’ Report

To the Board of Directors of Evergreen Aviation Technologies Corporation:

Opinion

We have audited the financial statements of Evergreen Aviation Technologies Corporation(“the Company”), which comprise the balance sheet as of December 31, 2024 and 2023, the statement of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the financial statements, including a summary of material accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and its financial performance and its cash flows for the years then ended in accordance with Regulations Governing the Preparation of Financial Reports by Securities Issuers, and with the International Financial Reporting Standards (“IFRSs”), International Accounting Standards (“ IASs” ), Interpretations developed by the International Financial Reporting Interpretations Committee (“IFRIC”) or the former Standing Interpretations Committee (“SIC”) endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

Basis for Opinion

We conducted our audits in accordance with the Regulations Governing Financial Statements Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Norm of Professional Ethics for Certified Public Account of Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report:

●Revenue Recognition

Please refer to note 4(n) “Revenue”, note 5 “ Significant accounting assumptions and judgements, and major sources of estimation uncertainty ”, and note 6(r) “Revenue from contracts with customers” to the financial statements.

KPMG, a Taiwan partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

Description of key audit matter:

1. Maintenance services:

As the Company's maintenance department operates in the aviation maintenance industry, its revenue recognition for maintenance services is calculated using the percentage of completion, where revenue is recognized as services are performed over time. The completion of performance obligations is measured using labor as the basis. Since the evaluation on completion involves management’s subjective judgment, revenue recognition for incomplete contracts is one of our key audit matters.

Sales of Goods:

The sales of aircraft components from the manufacturing department of the Company are subject to the terms and conditions agreed upon in sales contracts with customers, wherein it will affect the timing of revenue recognition and transfer of control to the buyer to be incompliance with the accounting standards, resulting in a risk of inappropriately recognizing the revenue during the periods when control of the products has not yet been transferred to the customer. As a result, inappropriate revenue recognition during these periods is one of our key audit matters.

Our key audit procedures included:

Maintenance Services:
－ Understanding the revenue contract contents and transaction conditions of the Company, and assessing the appropriateness of revenue recognition.
－ Evaluating the revenue recognition on the effectiveness of internal controls implemented by the Company.
－ Selecting samples from incomplete work orders, examining relevant documents to confirm that the Company has fulfilled its performance obligations and adhered to the accounting policies for revenue recognition.
－ Assessing the adequacy of management's disclosure on information related to revenue recognition.
Sales of Goods:
－ Understanding the main types of revenue, contract contents, and transaction conditions to assess the correctness of the timing of revenue recognition.
－ Reviewing sales contracts with major customers and testing the internal controls of the Company related to shipping operations and revenue recognition procedures.
－ Selecting shipments before and after the balance sheet date, and verifying relevant documents and forms, to ensure that sales revenue is recognized in the financial report within the appropriate period.
－ Conducting a variance analysis on revenue from major customers to assess any significant abnormalities.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with Regulations Governing the Preparation of Financial Reports by Securities Issuers, and with the IFRSs, IASs, IFRIC, SIC endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the Company’ 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 Audit committee) are responsible for overseeing the Company’ s financial reporting process.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole 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 the Standards on Auditing of 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 the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the 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 in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’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 the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the 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 auditor’s 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 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 and appropriate audit evidence regarding the financial information of the investment in other entities accounted for using the equity method to express an opinion on the financial statements. 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 financial statements of the current period 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.

The engagement partners on the audit resulting in this independent auditors’ report are Chen, Ya-Ling and Huang, Ming-Hung.

KPMG

Taipei, Taiwan (Republic of China) March 10, 2025

Notes to Readers

The accompanying financial statements are intended only to present the financial position, financial performance and cash flows in accordance with the accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit such financial statements are those generally accepted and applied in the Republic of China.

The independent auditors’ audit report and the accompanying financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors’ audit report and financial statements, the Chinese version shall prevail.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

2024 Earnings Distribution Table

2024 Earnings	Distribution Table	Distribution Table
	Unit: NT$
Item	Amount
Unappropriated Retained Earnings at the Beginning of the Year Add: Remeasurements of defined benefit plans (Note 1) Add: Net profit of 2024 Add: Special Reserve (Note 2) Subtract: Legal Reserve (Note 3) Retained Earnings Available for Distribution as of December 31,2024 Distribution items Cash dividends of Ordinary shares (NT$4.5 per share) (Note 4、5) Unappropriated Retained Earnings at the End of the year	75,716,110 1,837,104,033 16,356,510 (191,282,014)	3,323,275,491


		1,731,894,639
		5,061,170,130 1,685,569,329
		$3,375,600,801

Description:

Note 1:Remeasurements of defined benefit plans for the current period is the net remeasured of the defined benefit assets recognized in accordance with International Accounting Standards No. 19, 2013 version, which is an item that is not reclassified to profit or loss, so it is added to the amount of undistributed earnings for the year.
Note 2:The special reserve is appropriated pursuant to the order Jin-Guan-ZhengFa-Zi No.1090150022.
Note 3:The legal reserve is appropriated pursuant to Article 237 of the Company Act. The Company’s legal reserve is appropriated based on the “net profit of 2023”. Pursuant to the Interpretation Letter Jing-Shang-Zi No.10802432410, the appropriation basis of legal reserves shall be the “net profit of 2024 plus the items other than the net profit of 2024 included in the amount of undistributed earnings of the year”.
Note 4:The 2024 profit will be allocated first for the profit allocation of this year.
Note 5:Cash dividends were approved by the Board of Directors and are to be reported at the Annual Shareholders’ Meeting.

Audit Committee’s Review Report

TO：2025 Annual General Shareholders’ Meeting

EVERGREEN AVIATION TECHNOLOGIES CORPORATION (EGAT)

The Board of Directors has prepared the Company’s 2024 business report, financial report, and proposal for distribution of earnings. The CPA firm of KPMG, Taiwan has audited the financial report and issued the audit report.

The above business report, financial report, and proposal for distribution of earnings have been reviewed and determined to be correct and accurate by the Audit Committee members of EGAT. In accordance with Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Act, we hereby submit this report.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Convener of the Audit Committee: Hsu, Miao-Chiu

March 10, 2025

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Remuneration of Directors

As of December 31,2024

Unit: NT$ thousand

Position	Name	Directors’ Compensation	Directors’ Compensation	Directors’ Compensation	Directors’ Compensation	Directors’ Compensation	Directors’ Compensation	Directors’ Compensation	Directors’ Compensation	Sum of A, B, C, and D as a percentage of net income after tax	Sum of A, B, C, and D as a percentage of net income after tax	Compensation Received as an Employee	Compensation Received as an Employee	Compensation Received as an Employee	Compensation Received as an Employee	Compensation Received as an Employee	Compensation Received as an Employee	Compensation Received as an Employee	Compensation Received as an Employee	Compensation Received as an Employee	Sum of A, B, C, D, E, F, and G as a percentage of net income	Sum of A, B, C, D, E, F, and G as a percentage of net income	Compensation from the parent company or business investments other than subsidiaries
		Base compensation (A)		Retirement pay and pensions (B)		Compensation to directors (C)		Expenses and perquisites (D)				Base compensation, bonuses, and special disbursements (E)			Retirement pay and pensions (F)		Employee profit-sharing compensation (G)
		The Company	All companies included in the financial statements	The Company	All companies included in the financial statements	The Company	All companies included in the financial statements	The Company	All companies included in the financial statements	The Company	All companies included in the financial statements	The Company	All companies included in the financial statements	The Company		All companies included in the financial statements	The Company		All companies included in the financial statements		The Company	All companies included in the financial statements
																	Amount paid in	Amount paid in	Amount paid in cash	Amount paid in shares
Chairman	EVA Airways Corporation Representative: Huang, Nan- Horang	5,955	5,955	-	-	2,000	2,000	60	60	8,015 0.44%	8,015 0.44%	-	-	-		-	-	-	-	-	8,015 0.44%	8,015 0.44%	-
Director	EVA Airways Corporation Representative: Lin,Bou-Shiu	-	-	-	-	1,000	1,000	36	36	1,036 0.06%	1,036 0.06%	-	-	-		-	-	-	-	-	1,036 0.06%	1,036 0.06%	12,389
Director	EVA Airways Corporation Representative: Sun,Chia-Ming	-	-	-	-	1,000	1,000	36	36	1,036 0.06%	1,036 0.06%	-	-	-		-	-	-	-	-	1,036 0.06%	1,036 0.06%	8,205
Director	UNI Airways Corporation Representative: Cheng,Ching-Fen	-	-	-	-	1,000	1,000	30	30	1,030 0.06%	1,030 0.06%	-	-	-		-	-	-	-	-	1,030 0.06%	1,030 0.06%	-
Director	UNI Airways Corporation Representative: Yeh,Jia-Chyuan	-	-	-	-	1,000	1,000	36	36	1,036 0.06%	1,036 0.06%	-	-	-		-	-	-	-	-	1,036 0.06%	1,036 0.06%	-
Director	Shun An Enterprise Corporation Representative: Chen, Cheng-Pang	-	-	-	-	1,000	1,000	36	36	1,036 0.06%	1,036 0.06%	-	-	-		-	-	-	-	-	1,036 0.06%	1,036 0.06%	-

Independent Director	Hsu, Miao-Chiu	960	960	-	-	-	-	108	108	1,068 0.06%	1,068 0.06%	-	-	-	-	-	-	-	-	1,068 0.06%	1,068 0.06%	-
Independent Director	Teng, Yean-Sen	960	960	-	-	-	-	108	108	1,068 0.06%	1,068 0.06%	-	-		-	-	-	-	-	1,068 0.06%	1,068 0.06%	-
Independent Director	Chou, Yon-Chun	960	960	-	-	-	-	108	108	1,068 0.06%	1,068 0.06%	-	-	-	-	-	-	-	-	1,068 0.06%	1,068 0.06%	-

The remuneration policies, standards and packages, the procedures for determining remuneration and their relationship to the Company’s operating performance and future risks:

According to the “Articles of Incorporation” and the “Payment Regulation of Directors”, if the Company is profitable for the year, no more than 2% of the profit is appropriated as directors’ remuneration. The remuneration to each director paid from the total remuneration for directors takes into account each director’s participation in and contribution to the Company’s operations. The remuneration of directors is based on their level of participation in and contribution to the Company’s operation. The remuneration follows the standard among industry peers.

The aforementioned directors’ participation in and contribution to the Company’s operations are based on the results of performance appraisal of individual directors and the Board of Directors as a whole (including directors’ attendance and continuing education, participation in the Company’s operations, interaction with the management team, promotion of sustainable development, implementation of corporate governance, etc.). The remuneration of directors shall be reviewed by the Company’s remuneration committee and approved by the Board of Directors.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION Comparison Table for the Articles of Incorporation Before and After Amendments

After amendment	Before amendment	Reason for amendment
Article 2 The Company may engage in the following activities: 1. CD01060 Aircraft and Parts Manufacturing 2. F114070 Wholesale of Aircraft and Component Parts Thereof 3. F214070 Retail Sale of Aircraft and Component Parts Thereof 4. F401010 International Trade 5. G602011 Airport Ground Handling Services 6.I103060 Management Consulting 7.JA02990 Other Repair 8.J201051 Approved Training Organizations 9.ZZ99999 All business items that are not prohibited or restricted by law, except those that are subject to special approval.	Article 2 The Company may engage in the following activities: 1. CD01060 Aircraft and Parts Manufacturing 2. F114070 Wholesale of Aircraft and Component Parts Thereof 3. F214070 Retail Sale of Aircraft and Component Parts Thereof 4. F401010 International Trade 5.I103060 Management Consulting 6.JA02990 Other Repair 7.J201051 Approved Training Organizations 8.ZZ99999 All business items that are not prohibited or restricted by law, except those that are subject to special approval.	1.Due to the addition of aircraft towing services to the Company's business operations, Subparagraph 5, “G602011 Airport Ground Handling Services”, is newly added. 2.Adjustment of the subparagraphs.
6.
7.
8.
9.

	After amendment		Before amendment	Reason for amendment
	Article 27 If the Company makes profit in a fiscal year, employees’ compensation, no less than 1% of the profit, and directors’ remuneration, no more than 2% of the profit, shall be set aside. No less than 45% of the employees’compensation shall be reserved for non- executive employees. However, in case the Company has accumulated losses, the Company shall reserve an amount to offset accumulated losses beforehand. The employees’ compensation and directors’ remuneration shall be set aside afterwards according to the principles mentioned above. The profit in preceding paragraph refers to profit before tax without deducting employees’ compensation and directors’ remuneration. The employees’ compensation shall be distributed in the form of stock or cash;while the		Article 27 If the Company makes profit in a fiscal year, employees’ compensation, no less than 1% of the profit, and directors’ remuneration, no more than 2% of the profit, shall be set aside. However, in case the Company has accumulated losses, the Company shall reserve an amount to offset accumulated losses beforehand. The employees’ compensation and directors’ remuneration shall be set aside afterwards according to the principles mentioned above. The profit in preceding paragraph refers to profit before tax without deducting employees’ compensation and directors’ remuneration. The employees’ compensation shall be distributed in the form of stock or cash; while the directors’ remuneration shall be distributed only in the form of cash.	1.Paragraph 6 of Article 14 of the Securities and Exchange Act stipulates that a company whose stock is listed for trading on a stock exchange or over-the-counter securities exchange shall specify in its articles of incorporation that a certain percentage of its annual earnings shall be allocated for salary adjustments or compensation distributions for its non- executive employees. However, the company’s accumulated losses shall have been covered. 2.In accordance with the above regulations, Paragraph 1 of this Article is amended to specify that when the Company allocates employees’ compensation, no less than 45% of the employees’ compensation shall be reserved for non- executive employees.

	After amendment		Before amendment	Reason for amendment
	directors’ remuneration shall be distributed only in the form of cash. The amount of employees’ compensation and directors’ remuneration as well as the payment method of employees’ compensation shall be determined by a resolution adopted by a majority vote at a board of directors’ meeting attended by two-thirds or more of the directors and be reported at a Shareholders’ Meeting. The employees’ compensation may be distributed to the employees of the parent or the subsidiaries of the Company. Qualification requirements of the employees who are entitled to receive the employees’ compensation shall be determined by the Board of Directors.		The amount of employees’ compensation and directors’ remuneration as well as the payment method of employees’ compensation shall be determined by a resolution adopted by a majority vote at a board of directors’ meeting attended by two-thirds or more of the directors and be reported at a Shareholders’ Meeting. The employees’ compensation may be distributed to the employees of the parent or the subsidiaries of the Company. Qualification requirements of the employees who are entitled to receive the employees’ compensation shall be determined by the Board of Directors.
	Article 30 These Articles where originally established on November 3, 1997; …… The 20th amendment is made on May 29, 2025.		Article 30 These Articles where originally established on November 3, 1997; …… The 19th amendment was made on June 10, 2022.	Add the amendment date.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION List of Directors (Including Independent Directors) Candidates

NO.	Item	Candidate	Gender Age	Expertise	Major Education and Experience	Major Concurrent Positions	Shares Held (Note)	In-Person Attendance Rate for 2024 Board Meetings
1	Director	EVA Airways Corp. Representative: Huang, Nan-Horang (Current Board Member)	Male 61~70 years old	-Business Management -Aerospace Industry	Education: Department of Aircraft Engineering in a two-year program of academic ability appraisal of the Ministry of Education Experience: President, Evergreen Aviation Technologies Corp. (Stock Code : 2645)	Chairman, Evergreen Aviation Technologies Corp.(Stock Code: 2645) Director: -GE Evergreen Engine Services Corp. -Spirit Evergreen Aftermarket Solutions Co., Ltd. -Ever Superior Technologies Corp.	206,189,241	100%
2	Director	EVA Airways Corp. Representative: Lin, Bou-Shiu (Current Board Member)	Male 71~80 years old	-Business Management -Aerospace Industry -Transportation Management -Information Technology	Education: Bachelor of Computer Science and Information Engineering, Tamkang University Experience: Chairman, Evergreen Steel Corp.(Stock Code : 2211)	Chairman, EVA Airways Corp.(Stock Code: 2618) Director: -Evergreen Aviation Technologies Corp. (Stock Code: 2645) -Trade-Van Information Services Co. (Stock Code: 6183) -UNI Airways Corp.(Stock Code: 2621) -Evergreen Sky Catering Corp.(Stock Code: 9978) -Evergreen Air Cargo Services Corp. -Evergreen Airline Services Corp. -GE Evergreen Engine Services Corp.	206,189,241	100%

NO.	Item	Candidate	Gender Age	Expertise	Major Education and Experience	Major Concurrent Positions	Shares Held (Note)	In-Person Attendance Rate for 2024 Board Meetings
3	Director	EVA Airways Corp. Representative: Sun, Chia-Ming (Current Board Member)	Male 61~70 years old	-Business Management -Aerospace Industry -Transportation Management	Education: Bachelor of International Trade, Chinese Culture University Experience: -Executive Vice President of Passenger Management Div., EVA Airways Crop. (Stock Code: 2618) -Director, Evergreen Sky Catering Corp.(Stock Code: 9978) -Director, Evergreen Airline Services Corp.	Director and President, EVA Airways Corp.(Stock Code: 2618) Director: -Evergreen Aviation Technologies Corp.(Stock Code: 2645) -UNI Airways Corp.(Stock Code: 2621) -Evergreen Air Cargo Services Corp.	206,189,241	100%
4	Director	EVA Airways Corp. Representative: Shieh, Shin-Wen	Male 61~70 years old	-Business Management -Aerospace Industry	Education: Bachelor of Department of Electrical Engineering, National Taiwan Institute of Technology (Now called National Taiwan University of Science and Technology) Experience: Executive Vice President of Manufacturing Div., Evergreen Aviation Technologies Corp.(Stock Code: 2645)	President, Evergreen Aviation Technologies Corp.(Stock Code: 2645) Director, Spirit Evergreen Aftermarket Solutions Co., Ltd.	206,189,241	N/A (Not a Current Board Member)

NO.	Item	Candidate	Gender Age	Expertise	Major Education and Experience	Major Concurrent Positions	Shares Held (Note)	In-Person Attendance Rate for 2024 Board Meetings
5	Director	UNI Airways Corp. Representative: Ko, Lee-Ching	Female 71~80 years old	-Business Management -Transportation Management -Finance/ Accounting	Education: National Keelung Girls’ Senior High School Experience: Chairman, Evergreen International Corp.	Director: -EVA Airways Corp.(Stock Code: 2618) -Evergreen Marine Corp. (Taiwan) Ltd. (Stock Code: 2603) -Evergreen International Storage &Transport Corp. (Stock Code: 2607) -Evergreen Steel Corp.(Stock Code: 2211) Supervisor, Evergreen Sky Catering Corp.(Stock Code : 9978)	50,847,721	N/A (Not a Current Board Member)
6	Director	UNI Airways Corp. Representative: Tsai, Ta-Wei	Male 61~70 years old	-Business Management -Transportation Management -Finance/ Accounting	Education: Bachelor of Accounting, Chinese Cultural University Experience: -Director, Hsiang-Li Investment Corp. -Vice President of Finance Div., EVA Airways Corp. (Stock Code: 2618)	Executive Vice President of Finance Div., EVA Airways Corp.(Stock Code: 2618) Director, Kaohsiung Airport Catering Services Ltd. Supervisor: -UNI Airways Corp.(Stock Code: 2621) -Evergreen Sky Catering Corp.(Stock Code: 9978) -EverFun Travel Services Corp. -GE Evergreen Engine Services Corp.	50,847,721	N/A (Not a Current Board Member)

NO.	Item	Candidate	Gender Age	Expertise	Major Education and Experience	Major Concurrent Positions	Shares Held (Note)	In-Person Attendance Rate for 2024 Board Meetings
7	Independent Director	Hsu, Miao-Chiu (Current Board Member)	Female 61~70 years old	-Business Management -Finance/ Accounting -Insurance -Risk Management	Education: -MBA, St. John’s University -Bachelor of Division of Banking of Department of Business of College of Law, National Taiwan University Experience: -Independent Director, Nankang Rubber Tire Corp., Ltd.(Stock Code: 2101) -President/Senior VP and CFO, Nan Shan Life Insurance Co., Ltd.(Stock Code: 5874) -Senior VP, CTBC Bank Co., Ltd.(Stock Code: 2891) -Partner, PwC of Taiwan -Vice President of Accounting Department, Taipei branch of Credit Lyonnais -Grade 3 Specialist of Trust Division, Central Trust of China	Director, CTBC Bank Co., Ltd.(Stock Code: 2891) Independent Director: -Evergreen Aviation Technologies Corp.(Stock Code: 2645) -TrueLight Corp.(Stock Code: 3234)	0	100%

NO.	Item	Candidate	Gender Age	Expertise	Major Education and Experience	Major Concurrent Positions	Shares Held (Note)	In-Person Attendance Rate for 2024 Board Meetings
8	Independent Director	Teng, Yean-Sen (Current Board Member)	Male 71~80 years old	-Law -Government and Supervision	Education: -Master of Philosophy (MPhil), University of Nottingham, UK -Master of Laws (LLM), University of Nottingham, UK -Master of Department of Law, Soochow University Experience: -Member, Presidential Office Human Rights Consultative Committee -Chief Secretary, Soochow University -Full-time Professor of Department of Law, Soochow University	Independent Director, Evergreen Aviation Technologies Corp.(Stock Code: 2645) Member of Human Rights Protection Subcommittee, Executive Yuan Advisor of National Human Rights Commission, Control Yuan Member of Human rights working group member, Ministry of Justice Chief Arbitrator for Labor dispute, New Taipei City Government Chair Professor of School of Law, Soochow University Adjunct Professor of Department of Law, Soochow University	0	100%

NO.	Item	Candidate	Gender Age	Expertise	Major Education and Experience	Major Concurrent Positions	Shares Held (Note)	In-Person Attendance Rate for 2024 Board Meetings
9	Independent Director	Chou, Yon-Chun (Current Board Member)	Male 61~70 years old	Information Technology	Education: -Ph.D. in Industrial Engineering, Purdue University -Master of Industrial and Systems Engineering, The Ohio State University -Bachelor of Department of Industrial Engineering and Engineering Management, National Tsing Hua University Experience: -Director/Professor/Associate Professor of Institute of Industrial Engineering, National Taiwan University -Associate Professor/ Assistant Professor of Department of Industrial Engineering and Operations Research, University of Massachusetts	Independent Director: -Evergreen Aviation Technologies Corp.(Stock Code: 2645) -Horizon Fixture Group Co., Ltd.(Stock Code: 6957)	0	100%

Note: The number of shares held by shareholders on the book closure date (March 31,2025 ) for the Company’s Shareholders’ Meeting.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION ARTICLES OF INCORPORATION

CHAPTER 1 GENERAL PROVISIONS

Article 1

This Company is incorporated pursuant to the provisions governing a company limited by Shares of the Company Act of Republic of China with the name of 長榮航太科技股份有限公司 in Chinese and EVERGREEN AVIATION TECHNOLOGIES CORPORATION in English.

Article 2

The Company may engage in the following activities:

CD01060 Aircraft and Parts Manufacturing
F114070 Wholesale of Aircraft and Component Parts Thereof
F214070 Retail Sale of Aircraft and Component Parts Thereof
F401010 International Trade
I103060 Management Consulting
JA02990 Other Repair
J201051 Approved Training Organizations
ZZ99999 All business items that are not prohibited or restricted by law, except those that are subject to special approval.

Article 3

The office of the Company is located at Taoyuan city, Taiwan, where necessary, the Company may have branches or offices established within or outside the Republic of China as decided by resolution adopted by the Board of Directors.

Article 4

The total amount of investment by the Company shall not be subject to the restriction of 40 percent of the paid-up capital of the Company pursuant to Article 13 of the Company Act.

The Company may render external guarantees.

CHAPTER 2 SHARES

Article 5

The total authorized capital of the Company shall be NT$8,500,000,000 divided into 850,000,000 shares at NT$10 each. The Board of Directors is hereby authorized to issue the unissued shares in installments.

Article 5-1

When the Company transfers treasury stock to employees, issues share subscription warrants, issues restricted share for employees, or issues new shares reserved for subscription by employees, the employees of the parent and the subsidiaries of the Company may be included. Qualification requirements of the employees who are entitled to receive it shall be determined by the Board of Directors.

Article 6

Shares issued by the Company may be exempted from printing of share certificates. However, it shall be registered in the Securities Central Depositary Business Institution.

Article 7

Registration of share transfer, within sixty (60) days before the date of Annual General Meeting of the Shareholders, thirty (30) days before the date of Extraordinary Meeting of Shareholders, or five (5) days before the date fixed by the Company for distribution of dividends, bonus or other benefits, shall not be conducted.

CHAPTER 3 SHAREHOLDERS’ MEETING

Article 8

The Shareholders’ Meeting of the Company consists of two categories: the Annual General and Extraordinary Meetings;

The Annual General Meeting shall be duly held within six (6) months after the end of each fiscal year of the Company;
The Extraordinary Meeting of the Company may be duly held if necessary.
The Company’s Shareholders’ Meetings can be held by means of video

conferencing network or other methods as promulgated by the central competent authority.

In the case where a Shareholders’ Meeting is convened via video conferencing network, the shareholders taking part in such a video conference meeting shall be deemed to have attended the meeting in person.

Article 9

Notices to convene the Annual General Meeting shall be given to each shareholder thirty (30) days in advance, and the one to convene the Extraordinary Meeting shall be given fifteen (15) days in advance. Notices of the Shareholders’ Meeting shall specify the time and place of the meeting and the particulars of the business to be transacted, and shall be given to all the Shareholders.

Article 10

The shareholders of the Company shall have one voting right for each share, except the shares which set forth in Article 179 of the Company Act are no voting right.

Article 11

A shareholder who is unable to attend a Shareholders’ Meeting may duly authorize another person as his proxy to attend and vote on his behalf pursuant to a power of attorney printed and distributed by the Company duly issued by the Shareholder stating the ambit of the proxy’s authority.

The Shareholders’ Meeting shall adopt the electronic voting system as one of the methods for exercising the voting rights, and the relevant matters shall be conducted in accordance with the Company Act and the relevant regulations.

Article 12

Unless otherwise provided under the Company Act and related regulations, the quorum for a Shareholders’ Meeting shall be duly adopted by a majority in the meeting attended by Shareholders who represent a majority of the total issued shares.

Article 13

When Shareholders’ Meeting is convened by the Board of Directors, its chairman shall be processed in accordance with the provision in Article 208 of the Company Act. When the meeting is convened by other party with right of summons other

than the Board of Directors, the Chairman shall be undertaken by that party with right of summons. When there are two and more parties with right of summons, one party will be elected among these parties.

Article 14

The resolutions adopted by the Shareholders’ Meeting shall be reported in the minutes. The content, distribution and other essentials of the minutes shall be made in accordance with the provision of Article 183 of the Company Act.

CHAPTER 4 DIRECTORS AND MANAGERS

Article 15

The Company shall have seven to nine (7~9) Directors.

The election of the Directors shall adopt the candidate nomination system provided in the Article 192-1 of the Company Act. The shareholders shall elect the Directors from the list of candidates announced by the Company. The following matters shall be processed according to the relevant regulations.

The total number of shares that should be held by all preceding Directors shall be subject to the provision established by the Securities Management Institution.

Article 16

The number of the Directors set forth in the preceding article shall include three(3) Independent Directors.

The Independent Directors and non-Independent Directors shall be elected at the same time, but the number of votes shall be calculated separately.

The professional qualifications, restrictions on shareholdings and concurrent positions held, assessment of independence, method of nomination and election, and other matters for compliance with respect to Independent Directors shall be subject to the Securities and Exchange Act and other relevant regulations.

Article 17

The Directors shall have a three-year term of office and are eligible for re-election. However, the Directors may, according to Article 199 of the Company Act, be discharged at any time by a resolution passed at a Shareholders’ Meeting.

Article 18

When the number of vacancies of Directors reaches one-third of the total number of Directors, the Board of Directors shall convene a Shareholders’ Meeting for supplementary election within 60 days from the date on which the situation arose. Its term of office shall only be limited to full replenishment of the original term of office.

When the dismissal of Independent Director(s) result in the number of Independent Directors less than the number providing in the paragraph 1 of the Article 16, the Company shall hold supplementary election for Independent Director(s) at the next following Shareholders’ Meeting. When all Independent Directors have been dismissed, the Board of Directors shall convene a Shareholders’ Meeting for electing Independent Directors within 60 days from the date on which the situation arose.

Article 19

The Directors shall constitute the Board. The Chairman shall be elected at a meeting attended by at least two-thirds (2/3) of the Directors and by a simple majority vote of the Directors present at the meeting and may also elect a Vice Chairman in the same manner. The Chairman of the Board of Directors shall internally preside at the Meetings of Shareholders and Board Meetings, and shall externally represent the Company. When the Chairman is on leave of absence or cannot exercise its job for any cause, agency of his/her job shall be handled in accordance with Article 208 of the Company Act.

Article 20

For execution of business of the Company, apart from items that are separately specified in related laws or the Articles of Incorporation to be resolved at the Shareholders’ Meeting, all items shall be resolved by the Board of Directors.

Article 21

Notices of the Board Meeting shall be dispatched to each of the Directors seven (7) days prior to convening such meeting. Nevertheless, in case of emergency, the said meeting may be convened anytime.

The notice set forth in the preceding paragraph may be conducted in the form of writing or by way of e-mail or fax.

In case a meeting of the board of directors is proceeded via video conferencing network, the directors taking part in such a video conference meeting shall be deemed to have attended the meeting in person.

Where a Director is unable to attend a Board Meeting, he may authorize another Director to attend on his behalf by issuing a power of attorney in the latter’s favor specifying the business to be conducted thereat and the scope of the authority to be granted.

Article 22

Unless otherwise provided under related regulations or the Articles of Incorporation, resolutions of the Board Meeting shall be adopted by a majority of the Directors at a meeting attended by a majority of the Directors.

Article 23

The Company shall establish the Audit Committee in accordance with Article 144 of the Securities and Exchange Act. The exercise of power and others of the Audit Committee and its members shall be in accordance with the Securities and Exchange Act and the relevant laws and regulations.

The Board of Directors may establish various functional committees as required by law or as necessary, and their articles of organization shall be further determined by the Board of Directors.

Article 24

The compensation of the Directors (the “compensation”) to be resolved by the Board of the Directors authorized herein will be based on the level of each one’s participation in and the value of individual’s contribution to the Company’s operation as well as the ordinary standard of the competitors’ Compensation.

In order to cover the loss causing from liabilities of the Directors and to raise awareness of corporate governance, the Company should take out liability insurance for all Directors and the representatives who are designated by the Company to its investing companies to act as Director or Supervisor during their terms of offices.

Article 25

The Company may have managers. Its appointment, discharge and remuneration shall be handled in accordance with the provision of Article 29 of the Company Act.

CHAPTER 5 ACCOUNTING

Article 26

After the end of each fiscal year of the Company, the Board of Directors shall prepare and submit the following reports to the Annual General Meeting of the Shareholders for approval according to legal procedures:

Business report.
Financial statements.
Proposal for allocation of surplus profit or making up loss.

Article 27

If the Company makes profit in a fiscal year, employees’ compensation, no less than 1% of the profit, and directors’ remuneration, no more than 2% of the profit, shall be set aside. However, in case the Company has accumulated losses, the Company shall reserve an amount to offset accumulated losses beforehand. The employees’ compensation and directors’ remuneration shall be set aside afterwards according to the principles mentioned above.

The profit in preceding paragraph refers to profit before tax without deducting employees’ compensation and directors’ remuneration.

The employees’ compensation shall be distributed in the form of stock or cash; while the directors’ remuneration shall be distributed only in the form of cash.

The amount of employees’ compensation and directors’ remuneration as well as the payment method of employees’ compensation shall be determined by a resolution adopted by a majority vote at a board of directors’ meeting attended by two-thirds or more of the directors and be reported at a Shareholders’ Meeting.

The employees’ compensation may be distributed to the employees of the parent or the subsidiaries of the Company. Qualification requirements of the employees who are entitled to receive the employees’ compensation shall be determined by the Board of Directors.

Article 27-1

If the Company reports a surplus at the year end, after clearing taxes, the Company shall first offset losses from previous years (if any), then set aside 10% of the balance as the statutory surplus reserve, and set aside or reverse special surplus reserve per the provisions. After that, the Board of Directors shall propose a surplus distribution plan of the balance plus the retained earnings accrued from prior years,

submit the distribution plan to the Shareholders’ Meeting for approval, and then distribute it. The dividends can be distributed wholly or partly in cash only after a resolution has been adopted by a majority vote at a meeting of the board of directors attended by two-thirds of the total number of directors; and in addition thereto a report of such distribution shall be submitted to the Shareholders’ Meeting.

Where the special surplus reserve set aside in the preceding paragraph belongs to a part not fully set aside accrued from prior years, the same amount thereof shall be set aside for the special surplus reserve from the retained earnings accrued from prior years. If the special surplus reserve is still insufficient, the amount from the net income after taxes for the current period plus the items other than the net income after taxes for the current period shall be included in the amount of the retained earnings for the current period to be set aside for such a purpose.

The Company is in the steady growth period. To match up with the Company’s operation plan and consider the shareholders’ right and interest, the Board of Directors shall propose a surplus distribution plan according to the following principles:

The Company shall set aside an amount of no less than 50% of the profit after tax as the shareholder dividends every year.
The dividends may be distributed either in full in cash, or in the combination of cash and stocks, however the cash dividends shall not be less than 50% of the total amount of dividends.

Article 27-2

As per Article 241 of Company Act, the Company may distribute its legal reserve and capital reserve, in whole or in part, by issuing new shares which shall be distributable as dividend shares or by cash to shareholders in proportion to the number of shares being held by each of them. The distribution can be paid in cash after a resolution has been adopted by a majority vote at a meeting of the board of directors attended by two-thirds of the total number of directors; and in addition thereto a report of such distribution shall be submitted to the Shareholders’ Meeting.

CHAPTER 6 MISCELLANEOUS

Article 28

The rules and regulations of the Company and various operation procedures shall be separately stipulated by the Board of Directors.

Article 29

Any matter not provided for by these Articles shall be subject to the Company Act and related regulations.

Article 30

These Articles where originally established on November 3, 1997; The 1st amendment was made on January 20, 1998; The 2nd amendment was made on December 18, 1998; The 3rd amendment was made on April 27, 1999; The 4th amendment was made on June 21, 2002; The 5th amendment was made on May 20, 2004; The 6th amendment was made on May 18, 2005; The 7th amendment was made on June 16, 2008; The 8th amendment was made on June 26, 2009; The 9th amendment was made on June 8, 2012; The 10th amendment was made on June 7, 2013; The 11th amendment was made on May 14, 2015; The 12th amendment was made on July 7, 2015; The 13th amendment was made on May 12, 2016; The 14th amendment was made on May 26, 2017; The 15th amendment was made on April 24, 2020; The 16th amendment was made on April 29, 2021; but the Article 12 will not effective until the Company’ shares is publicly issued; The 17th amendment was made on October 13, 2021; The 18th amendment was made on January 12, 2022; The 19th amendment was made on June 10, 2022.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION Chairman Huang, Nan-Horang

EVERGREEN AVIATION TECHNOLOGIES CORPORATION RULES AND PROCEDURES OF SHAREHOLDERS’ MEETING

Article 1

Shareholders’ Meeting of the Company (the “Meeting”) shall be conducted in accordance with these Rules and Procedures. Any matter not provided in these Rules and Procedures shall be handled in accordance with the Company Act and other relevant laws and regulations.

Article 2

Shareholders in these Rules refer to shareholders themselves, proxy solicitors or shareholders’ designated proxies attending the Meeting.

The number of representatives appointed by any juristic person shareholders attending the Shareholders’ Meeting shall not exceed the total number of the Company’s Directors of the current term.

Any juristic person designated as proxy by shareholders to be present at the Meeting may appoint only one representative to attend the Meeting.

Article 2-1

Shareholders’ Meetings with video conferencing referred to in these Rules are divided into the following two types:

Hybrid Shareholders’ Meeting: means the Company convenes a physical Shareholders’ Meeting with the assistance of video conferencing, and shareholders may choose to take part in the Shareholders’ Meeting physically or by means of video conferencing.
Virtual-only Shareholders’ Meeting: means the Company does not convene a physical Shareholders’ Meeting, and convenes the meeting only by video, and shareholders may attend the Shareholders’ Meeting only by means of video conferencing.

Article 3

Shareholders attending the Meeting shall bring an attendance card and identification document.

The attendance of the Meeting shall be calculated based on shares. The number of shares represented by shareholders attending the Meeting shall be calculated in accordance with the attendance cards submitted by the shareholders, and the shares

checked in on the video conferencing platform, plus the number of shares whose voting rights are exercised by electronically.

If a Shareholders’ Meeting is held with video conferencing, shareholders who wish to attend the Shareholders’ Meeting by video conferencing shall register with the Company at least two days prior to the Shareholders’ Meeting date; other matters to be complied with shall be handled in accordance with the law and regulations.

The Company shall announce the number of non-voting shares, the number of shares in attendance and other relevant information.

Article 4

The Meeting shall be held at the head office of the Company or at any other appropriate place that is convenient for the shareholders to attend. The time to start the Meeting shall not be earlier than 9:00 a.m. or later than 3:00 p.m.

When the Company convenes a virtual-only Shareholders’ Meeting, the restrictions on meeting place in the preceding paragraph shall not apply.

Article 5

Chairman shall call the Meeting to order at the time scheduled for the Meeting. If the number of shares represented by the shareholders present at the Meeting has not yet constituted the majority at the time scheduled for the Meeting, the chairman may postpone the Meeting. The postponements shall be limited to two times at the most and Meeting shall not be postponed for longer than one hour in the aggregate. After two postponements, if the number of shares represented by the shareholders present at the Meeting is still less than one-third of the total outstanding shares, the chairman shall declare the meeting adjourned.

In the event that the meeting has been postponed twice and the number of shares represented by the shareholders present reaches one-third of the total issued shares or more but falls short of a majority, the chairman may adjourn the meeting and then reconvene Shareholders’ Meeting, or conduct a tentative resolution procedure in accordance with paragraph 1of Article 175 of the Company Act. All shareholders shall be notified if such tentative resolutions were made, and another Shareholders’ Meeting shall be convened within one month. In the event that a Shareholders’ Meeting is held with video conferencing, shareholders intending to attend the meeting by video conferencing shall follow Article 3 to register with the Company again at least two days prior to the Shareholders’ Meeting date.

If the chairman declares the meeting adjourned in accordance with the preceding two paragraphs and the Shareholders’ Meeting is held with video conferencing, the

Company shall declare the meeting adjourned on the Shareholders’ Meeting video conferencing platform.

Before the end of the Meeting, if the number of shares represented by the shareholders present has constituted the majority, the chairman shall submit the tentative resolutions to the Meeting for review and approval in accordance with Article 174 of the Company Act.

Article 6

The Chairman of the Board of Directors shall be the chairman presiding at the Meeting in the case that the Meeting is convened by the Board of Directors.

If the Meeting is convened by any other person entitled to convene the Meeting, such person shall be the chairman to preside at the Meeting. If there are more than two persons convening the Meeting, they should select one person to be the chairman.

Article 7

The agenda of the Meeting shall be set by the Board of Directors if the Meeting is convened by the Board of Directors. Unless otherwise resolved at the Meeting, the Meeting shall proceed in accordance with the agenda.

The above provision applies mutatis mutandis to cases where the Meeting is convened by any person, other than the Board of Directors, entitled to convene such Meeting.

Unless otherwise resolved at the Meeting, the chairman cannot announce adjournment of the Meeting before all the items (including special motions) listed in the agenda are resolved. In the event that the Chairman adjourns the Meeting in violation of these Rules and Procedures, the shareholders may designate, by a majority of votes represented by shareholders attending the Meeting, one person as chairman to continue the Meeting.

The shareholders cannot designate any other person as chairman and continue the Meeting in the same or other place after the Meeting is adjourned.

Article 7-1

In accordance with Article 172-1 of the Company Act, the shareholders who hold one percent (1%) or more of the total number of outstanding shares of the Company may submit proposal in written form for discussion at the annual general meeting of shareholders.

The proposals submitted by shareholders violating Article 172-1 of the Company Act shall not be included in the agenda of the Meeting and the minute of the Meeting, but the cause of exclusion of such proposals shall be listed in the appendix of the handbook for Shareholders’ Meeting proceedings of the Company.

The shareholders’ proposals complying with the Article 172-1 of the Company Act, which are classified into the same category of the proposal submitted by the Board of Directors, shall be deemed as the amendment of the proposal submitted by the Board of Directors, and the Chairman may combine them into one proposal to deal with.

Article 8

When a shareholder attending the Meeting wishes to speak, a Speech Note should be filled out with summary of the speech, the shareholder’s number (or the number of the Attendance Card) and the name of the shareholder. The sequence of speeches by shareholders should be decided by the chairman.

If any shareholder presenting at the Meeting submits a Speech Note but does not speak, no speech should be deemed to have been made by such shareholder. In case the contents of the speech of a shareholder are inconsistent with the contents of the Speech Note, the contents of actual speech shall prevail.

Unless otherwise permitted by the chairman and the shareholder in speaking, no shareholder shall interrupt the speeches of the other shareholders; otherwise the chairman shall stop such interruption.

Article 9

If a juristic person shareholder designates two or more representatives to attend the Meeting, only one representative is entitled to speak for each item.

For shareholders’ inquiries on reporting items listed in the agenda, the shareholders shall only speak after the chairman or his/her designated person completely reads out or reports all the reporting items. For all reporting items, each shareholder shall speak no more than twice and each speech shall not exceed 5 minutes, unless otherwise permitted by the chairman.

Unless otherwise permitted by the chairman, each shareholder shall not speak more than two times concerning each motion and each preposition shall not exceed 5 minutes with regard to each proposal listed in ratification and discussion items listed on the agenda, proposals collected during extraordinary motion procedure.

When a shareholder speaks with regard to non-proposal matters and expresses other opinions during the extraordinary motion session, unless otherwise permitted

by the chairman, each shareholder shall not speak more than two times and each preposition shall not exceed 5 minutes.

In case the speech of any shareholder violates the proceeding four provisions, exceeds the scope of the discussion item, or disturbs the order of the meeting, the chairman is entitled to stop the speech of such shareholder.

Where a Shareholders’ Meeting is convened with video conferencing, shareholders attending the meeting by video conferencing may raise questions in writing on the video conferencing platform, from when the chairman calls meeting to order until the chairman declares the meeting adjourned. No more than two questions may be raised for all reporting items, each proposal for ratification and discussion, or extraordinary motion. Each question raised shall contain no more than 200 words; and the preceding Article and the preceding five paragraphs shall not apply.

Article 10

The Company may ask its lawyer, certified public accountant or related person to attend the Meeting.

After a shareholder speaks, chairman may answer the question personally or designate the related person to answer the question.

Article 11

Unless otherwise required by the Company Act or the Articles of Incorporation, a resolution of a Shareholders’ Meeting shall be adopted by a majority of the votes represented by the Shareholders present at the Meeting.

Article 12

The resolution shall be voted on by casting ballots, and the chairman shall decide all voting (including the election votes) to be conducted separately or at the meantime.

The shareholders participating in a Shareholders’ Meeting held with video conferencing shall, after the chairman calls the meeting to order, vote on all proposals and election proposals via the video conferencing platform; the voting shall be completed before the chairman announces the close of voting, and anyone exceeding the time limit shall be deemed to have abstained from voting.

If a Shareholders’ Meeting is held with video conferencing, votes shall be counted at once after the chairman announces the close of the voting, and the results of votes and elections shall be announced accordingly.

Article 13

If there is an amendment to or a substitute for a proposal of a discussion topic, the chairman shall decide the sequence of voting for the amendment or the substitute, together with the original proposal. If any one of them has been adopted, the others shall be deemed vetoed and no further voting is necessary.

Article 14

Where the chairman believes that the proposal discussed may be resolved, he/she may announce the ending of the discussion, propose that votes be made and arrange adequate voting time.

Article 15

While the Meeting is in progress, the chairman may, at his/her discretion, set times for intermission. If a force majeure event occurs, the chairman may rule the meeting temporarily suspended and announce a time when, in view of the circumstances, the meeting will be resumed.

Article 15-1

For a Shareholders’ Meeting held by video conferencing, the Company shall announce the date of postponement or continuation of the Shareholders’ Meeting, except where there is no need to postpone or continue the meeting under the laws and regulations. The date of the postponement or continuation meeting shall be within five days after the Shareholders’ Meeting. The Shareholders’ Meeting shall be postponed or resumed at another day under the circumstance that, before the chairman announces the adjournment of the meeting, if there are obstacles to the video conferencing platform or shareholders’ video conference participation due to natural disasters, catastrophes, or other force majeure events, and such obstacles have lasted for more than 30 minutes and cannot be eliminated. The Article 182 of the Company Act shall not apply to the above situations.

If a postponement or continuation of Shareholders’ Meeting prescribed in preceding paragraph occurs, shareholders who did not register to attend the originally scheduled Shareholders’ Meeting by video conferencing shall not attend the postponed or resumed meeting.

For a meeting that is postponed or resumed in accordance with paragraph 1, if shareholders have registered to attend the originally scheduled Shareholders’ Meeting by video conferencing and completed the sign-in procedure, but did not attend the postponed or resumed meeting, the number of shares represented by said shareholder in the originally scheduled Shareholders’ Meeting and the voting

rights and election rights exercised by them shall all be included in the total numbers of the shares represented by the shareholders present as well as number of votes and number of election votes accrued at the postponed or resumed meeting.

For a Shareholders’ Meeting that is postponed or resumed in accordance with paragraph 1, the proposals for which voting and vote counting have been completed, and resolution results and lists of elected directors have been announced, need not be discussed or resolved again.

For hybrid Shareholders’ Meetings held by the Company, if the video conferencing cannot be continued due to the circumstances stated in paragraph 1, but, after deducting the number of shares represented by the shareholders present by video conferencing, the total number of shares represented by shareholders present still constitutes a quorum as required by a resolution of the Shareholders’ Meeting, the Shareholders’ Meeting shall continue, whereas the postponed or resumed meeting referred to in paragraph 1 is not required.

In the event that the Shareholders’ Meeting shall continue as stipulated in the preceding paragraph, the number of shares represented by the shareholders participating in the Shareholders’ Meeting by video conferencing shall be included in the total number of the shares represented by the shareholders present. However, with regard to all proposals for the Shareholders’ Meeting in question, these shareholders shall be deemed to have abstained from voting.

Article 16

The election of directors at a Shareholders’ Meeting shall be held in accordance with “Regulations for Electing Directors” of the Company.

Article 17

The personnel supervising and calculating the votes for the proposals shall be designated by the chairman, but the supervising personnel shall be a shareholder.

The result of the votes shall be announced on the spot and recorded.

If a Shareholders’ Meeting is held video conferencing, the Company shall announce the results of votes and elections after the vote counting procedure for all proposals and election proposals have been completed; and a record shall be made and uploaded to the Shareholders’ Meeting video conferencing platform.

Article 18

The process of the meeting shall be fully recorded via audio or video recording, and retained for at least one (1) year. However, if any shareholder files a lawsuit

pursuant to Article 189 of the Company Act, the audio or video recording shall be retained until the final conclusion of the lawsuit.

If a Shareholders’ Meeting is held with video conferencing, the Company shall record and retain data including shareholders’ registrations, registration for participation in video conferencing, sign-in, inquiries, and voting, as well as the Company’s vote counting results, etc. In addition, the Company shall conduct uninterrupted audio and video recording throughout the entire video conferencing.

The Company shall properly retain the aforementioned data and audio/video recordings for the duration of the Company’s existence, and shall provide these audio and video recordings to the entity engaged by the Company to handle video conferencing affairs for retention.

Article 19

Logistics staff and disciplinary personnel (including security guards) assisting the Meeting shall wear badge or armband for identification purpose.

The chairman may command the disciplinary personnel (or security guards) to help safeguard the order of the meeting site.

Shareholders who violate these Rules and Procedures and defy the chairman’s correction, or obstruct the proceeding of the meeting and refuse to stop, the chairman may direct the disciplinary personnel (including security guards) to escort the shareholder off the meeting.

Article 20

These Rules and Procedures shall be effective from the date it is approved by the Shareholders’ Meeting. The same applies in case of revision.

The History of “RULES AND PROCEDURES OF SHAREHOLDERS’ MEETING”

These Regulations were enacted on June 21, 2002.
The 1st amendment was made on May 12, 2006.
The 2nd amendment was made on June 8, 2012.
The 3rd amendment was made on April 29, 2021.
The 4th amendment was made on January 12, 2022.
The 5th amendment was made on May 31, 2024.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION REGULATIONS FOR ELECTING DIRECTORS

Article 1

The election of the Directors of the Company shall be handled in accordance with the Regulations.

Article 2

The election of the Directors shall adopt the candidate nomination system provided in the Article 192-1 of the Company Law. The shareholders shall elect the Directors from the list of candidates announced by the Company. The following matters shall be processed according to the relevant regulations.

Article 2-1

The election of the Directors of the Company shall be executed by adopting the method of accumulative voting by open vote. Each share held by a shareholder shall be entitled to the number of right-to-vote equal to the number of Directors to be elected. A shareholder may concentrate all the number of right-to-vote for one candidate or distribute the number of right-to-vote to several candidates. Shareholder account number or Attendance Certificate number printed on the vote may be used to represent the voter instead of the name of the voter.

The Independent Directors and non-Independent Directors shall be elected at the same time, but the number of votes shall be calculated separately.

Article 3

Before the votes are opened, the Chairman of the Shareholders’ Meeting shall designate appropriate number of vote examiner who should be the Shareholder of the Company, vote counting personnel and related personnel for performing the relevant duty assigned to them.

Article 4

The number of Directors required to be elected shall be determined in accordance with the Articles of Incorporation and a resolution of the Board of Directors. In the event that the Shareholders’ Meeting is convened by the person legally having the right to convene the meeting, other than the Board of Directors, the number of

Directors required to be elected shall be determined in accordance with the Article of Incorporation by such person.

When counting election votes, the number of voting rights obtained by Independent Directors and Non-Independent Directors shall be separately calculated, and candidates who obtain more voting rights than others from the election shall be deemed elected in turn. When the number of voting rights obtained by two or more candidates is equal but that exceed the number of Directors required to be elected, the case shall be determined by drawing lots, and the Chairman of the Shareholders’ Meeting shall draw the lots for any candidate who is involved in the case but fails to attend the Shareholders’ Meeting.

The number of voting rights in the preceding paragraph shall be the sum of the number of votes cast on site at the Shareholders’ Meeting, the number of votes cast by electronic voting and through the Video Conferencing Platform.

Article 5

The vote shall be prepared by the Board of Directors, and shall note Attendance Certificate number and number of voting rights on the vote.

If the Shareholders’ Meeting is convened by the person legally having the right to convene the meeting, other than the Board of Directors, the vote may also be prepared by such person.

Article 6

Shareholders in person, proxy solicitors, and proxies appointed by shareholders to attend the Meeting shall use the vote prepared by the convener of the Shareholders’ Meeting in accordance with Article 5. In addition, shareholders shall fill in the names of the Director Candidates listed in the Shareholders’ Meeting announcements or Shareholders’ Meeting handbook on their vote.

If the Shareholders’ Meeting is held with video conferencing, shareholders taking part by video conferencing shall cast votes through the video conferencing platform after the Chairman calls meeting to order and shall complete the casting of theirs votes before the Chairman announces the close of voting, or will be deemed to have abstained from voting.

Article 7

Any vote that is in any of the following conditions shall be deemed ineffective:

1.Vote not specified in Article 5 of this regulation.

2.Blank vote.
3.Writing is blurred and cannot be identified, or has been altered.
4.The filled-in election candidate is verified to be inconsistent with the list of director candidates.
5.Write other word or symbols apart from the name of the election candidate.
6.Two or more elected candidates are filled in the same vote.

Article 8

After the votes are completed, the votes shall be opened on the spot, and the results of the votes shall be announced by the Chairman of the Shareholders’ meeting.

If the Shareholders’ Meeting is held with video conferencing, the Company shall immediately disclose the election results on the video conferencing platform after the procedures for counting the election votes has been completed.

The Company shall keep the voting papers for at least one year, but for any shareholder who files a litigation in accordance with Article 189 of the Company Act, the voting papers shall be kept until the end of the litigation.

Article 9

The Regulations shall come into force after the approval of the Shareholders’ meeting, and the same shall apply after amendment.

The History of “REGULATIONS FOR ELECTING DIRECTORS”

The Regulations were duly established on June 21, 2002.
The 1st amendment was made on April 29, 2021.
The 2nd amendment was made on January 12, 2022, and the name was changed from “REGULATIONS FOR ELECTING DIRECTORS AND SUPERVISORS” to ”

“REGULATIONS FOR ELECTING DIRECTORS .

The 3rd amendment was made on May 31, 2024.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION Shareholdings of Directors

Title	Name	Shares held
Chairman	EVA Airways Corp. Representative: Huang, Nan-Horang	206,189,241
Director	EVA Airways Corp. Representative: Lin, Bou-Shiu
Director	EVA Airways Corp. Representative: Sun, Chia-Ming
Director	UNI Airways Corp. Representative: Cheng, Ching-Fen	50,847,721
Director	UNI Airways Corp. Representative: Yeh, Jia-Chyuan
Director	Shun An Enterprise Corp. Representative: Chen, Cheng-Pang	50,000
Independent Director	Hsu, Miao-Chiu	0
Independent Director	Teng, Yean-Sen
Independent Director	Chou, Yon-Chun
Total		257,086,962

Notes:

As of March 31, 2025, the book closure date for the Company’s Shareholders’ Meeting, the total number of shares already issued is 374,570,962 shares.
The minimum shareholding required to be held by all directors is 14,982,839 shares.

AI assistant

EGAT — AGM Information 2025

52179_rns_2025-06-18_0744ceec-108e-4142-8cb6-7a6b79c41e44.pdf

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Meeting Handbook

Table of Contents

AGENDA FOR THE MEETING

EVERGREEN AVIATION TECHNOLOGIES CORPORATION 2025 Annual General Shareholders’ Meeting

Type of Meeting: Physical Meeting

I. Report the total number of shares represented at this AGM.

II. Announce commencement of the meeting and Chairman’s address.

III. Report Items:

IV. Ratification and Discussion Items:

Proposed by the Board of Directors

Proposal 1: Ratification of 2024 Business Report and Audited Financial Report (Handbook pages 6-15). Please ratify.

Resolution:

Proposed by the Board of Directors

Proposal 2: Ratification of 2024 earnings distribution (Handbook page 16). Please ratify.

Resolution:

Proposed by the Board of Directors

Proposal 3: Proposal to amend the Company’s “Articles of Incorporation” (Handbook pages 20-22). Please discuss.

Description:

Resolution:

V. Election Item:

Proposed by the Board of Directors

Proposal: Proposal to elect the Directors of the Company. Description:

Election Results:

VI. Other Item:

Proposed by the Board of Directors

Proposal: Proposal to approve the release of restrictions of competitive activities of the Directors to be elected. Please discuss.

Description:

Resolution:

VII. Extraordinary Motion.

VIII. Meeting Adjournment.

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Business Report of year 2024

I. Business Results

Maintenance Business:

Manufacturing Business:

External investment:

II. Results vs. Projections

III.Profitability Analysis

IV. Research and Development

President: Shieh, Shin-Wen

(English Translation of Financial Statements and Report Originally Issued in Chinese)

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Balance Sheets

December 31, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

(English Translation of Financial Statements and Report Originally Issued in Chinese)

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Statements of Comprehensive Income

For the years ended December 31, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars, except Earnings Per Share)

(English Translation of Financial Statements and Report Originally Issued in Chinese)

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Statements of Changes in Equity

For the years ended December 31, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

(English Translation of Financial Statements and Report Originally Issued in Chinese)

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

Statements of Cash Flows

For the years ended December 31, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

KPMG

Independent Auditors’ Report

Opinion

Basis for Opinion

Key Audit Matters

●Revenue Recognition

1. Maintenance services:

Responsibilities of Management for the Financial Statements

Auditor’s Responsibilities for the Audit of the Financial Statements

Notes to Readers

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

2024 Earnings Distribution Table

Audit Committee’s Review Report

TO：2025 Annual General Shareholders’ Meeting

EVERGREEN AVIATION TECHNOLOGIES CORPORATION (EGAT)

EVERGREEN AVIATION TECHNOLOGIES CORPORATION

EGAT AGM Information 2025