Stock Code : 9919

KNH ENTERPRISE CO., LTD.

2026 Annual General Shareholders’ Meeting Agenda Handbook

Type of the Meeting : Physical shareholders’ meeting

Date of the Meeting : June 12, 2026

Place of the Meeting : No. 66-1, Sanji, Jiangjun Vil., Jiangjun Dist., Tainan City 725034, Taiwan (Kouliao Plant)

Notice to readers

This English version handbook is a summary translation of the Chinese version and is not an official document of the annual general shareholders’ meeting. If there is any discrepancy between the English version and Chinese version, the Chinese version shall prevail.

Page

I. Meeting Procedures ... 1
II. Meeting Agenda ... 2
III. Report Matters ... 3
IV. Ratification Matters ... 4
V. Election Matters ... 5
VI. Other Matters ... 6
VII. Extraordinary Motions ... 6

APPENDIX :

Business Report ... 7
Audit Committee’s Review Report ... 10
Independent Auditor’s Report and 2024 Parent Company Only Financial Statements ... 11
Independent Auditor’s Report and 2024 Consolidated Financial Statements ... 22
2025 Loss Compensation Table ... 33
List of Directors & Independent Directors Candidate for the 20th Election ... 34
Articles of Incorporation ... 37
Rules of Procedure for Shareholders’ Meetings ... 44
Procedures for Election of Directors ... 49
Shareholding of Directors ... 51

I. Meeting Procedures

KNH ENTERPRISE CO., LTD.
Procedures for the 2026 Annual General Shareholders’ Meeting

Call the meeting to order
Chairman takes his place
Chairman’s address
Report matters
Ratification matters
Election matters
Other matters
Extraordinary Motions
Adjournment of Meeting

II. Meeting Agenda

KNH ENTERPRISE CO., LTD.

Agenda for the 2026 Annual General Shareholders’ Meeting

Method for convening the meeting: Convened in a tangible form

Time: 9:30 a.m., June 12, 2026 (Friday)

Place of the Meeting: No.66-1 Sanji, Jiangjun Dist., Tainan City 72548, Taiwan (Kouliao Plant)

Attended by: All Shareholders and Equity Representatives

Chairman: Tai, Hwa-Ming

Chairman’s address
Report matters
(1) Operating Results and Financial Results of the year 2025.
(2) Audit Committee’s Report on the 2025 Financial Statements.
(3) Report on Investments in the PRC in 2025.
Ratification matters
(1) Business Report and Financial Statements of the year 2025.
(2) Loss Compensation of the Year 2025.
Election matters
(1) Election of 20th KNH Board of Directors. (including independent directors).
Other matters
(1) Lifting of Non-Competition Restrictions Elected Directors (including Independent Directors) of the 20th Term of this Company.
Extraordinary Motions
Adjournment of Meeting

III. Report Matters

Operating Results and Financial Results of the year 2025. (Proposed by the Board of Directors)

Notes: Please refer to pages 7-9 of the handbook for the Company’s 2025 Business Report (APPENDICES 1).

Please review accordingly.

Audit Committee’s Report on the 2025 Financial Statements (Proposed by the Audit Committee)

Notes: The Company’s 2025 final accounts have been audited by the Audit Committee. The Audit Committee has issued an audit report, which has been enclosed in APPENDIX 2 in the Meeting Handbook (page 10).

Please review accordingly.

Report on Investments in the PRC in 2025 (Proposed by the Board of Directors)

Notes: The information about investees in Mainland China available until December 31, 2025 is stated as follows:

(1) Shanghai KNH International Trading Co., Ltd.

A. To enhance operational integration and optimize resource allocation, the Company transferred the OEM business of Shanghai KNH International Trading Co., Ltd (“the Trading Company”) to the Shanghai Branch of KNH (Yangzhou) Co., Ltd. Following the transfer, the Company proceeded with the liquidation and deregistration of the Trading Company, and completed the deregistration process on October 30, 2025.

(2) KNH (Yangzhou) Co., Ltd.

A. Profitability: The net operating revenue for 2025 was RMB 160,646 thousand, and the net loss after tax was RMB 22,503 thousand (equivalent to approximately NT$97,408 thousand). Operations continued to incur losses, primarily due to the slow post-pandemic economic recovery in China, which in turn led to unfavorable factors such as adjustments in OEM customers’ supply strategies.

B. Operating status: KNH (Yangzhou) Co., Ltd. is the main production base in China. Currently, it primarily serves the group's existing OEM customer base. In the future, it will actively accelerate the development of new customers and functional new products, while increasing the proportion of high-value-added products to enhance the company's profitability.

Please review accordingly.

IV. Ratification Matters

Business Report and Financial Statements of the year 2025. (Proposed by the Board of Directors)

Notes:
(1) KNH’s 2025 business report and financial statements (including parent-only financial statements and consolidated financial statements) were audited by independent auditors, Ms. Huang, Pei-Chuan and Mr. Chih, Ping-Chiun, of PricewaterhouseCoopers Taiwan.
(2) For the 2025 business report, CPAs’ audit report and the financial statements mentioned above, please refer to APPENDIX 1、3、4 of the Handbook (pages 7-9 & pages 11-32).

Please acknowledge accordingly.

Resolution:

Loss Compensation of the Year 2025. (Proposed by the Board of Directors)

Notes:
(1) The Company’s 2025 undistributed earnings at opening totaled NT$146,647,021, plus NT$473,988,178 in net loss, add NT$10,869,965 in remeasurement of the defined benefit plan. The total distributable surplus are NT$316,471,192.
(2) Loss Compensation Table of the Year 2025, please refer to APPENDIX 5 (pages 33).

Please acknowledge accordingly.

Resolution:

V. Election Matters

Election of 20th KNH Board of Directors. (including independent directors). (Proposed by the Board of Directors)

Notes:

(1) The term of the 19th Board of Directors (including independent directors) of the company is about to expire on June 14, 2025. According to the company's articles of association, the director election adopts the candidate nomination system. It is proposed to elect 9 directors (including 3 independent directors). The newly elected directors will take office immediately after being elected, with a term of three years from June 12, 2026 to June 11, 2029 and may be re-elected.

(2) The list of candidates for directors of our company was approved by the board of directors on March 6, 2026. Shareholders should election directors from the list of candidates for directors. The basic information of the candidates is listed in APPENDIX 6 (pages 34-36) of the Handbook.

Voting Results:

VI. Other Matters

Lifting of Non-Competition Restrictions Elected Directors (including Independent Directors) of the 20th Term of this Company. (Proposed by the Board of Directors)

Notes:

(1) According to Paragraph 1, Article 209 in the Company Act that a director who does anything for himself or on behalf of another person that is within the scope of the Company’s business, shall explain to the meeting of shareholders the essential contents of such an act and secure its approval.

(2) If the directors (including independent directors) elected in the Company’s general shareholders’ meeting, is investing or acting as a director or managerial officer in a company which is the same type or similar to the Company’s business scope, under the circumstance that it does not harm the Company’s interest, it has been proposed for an approval to lift the Company’s business strife limitation.

(3) The main content of lifting the Business Prohibition of Competition for newly elected directors (including Independent Directors) is as follows:

Job Title	Name	Name and position in other companies
Director	Tai, Hwa-Ming	Chairman of Outlook Investment Pte Ltd.
Director of Taichu Engineer Co., Ltd.
Director	Tai, Hsiu-Ling	Director of Outlook Investment Pte Ltd.
Chairman of KNH (Yangzhou) Co., Ltd.
Chairman of K. Jie Water & Environmental Engineering Co., Ltd.
Director of Kang Yao Investment Co.,Ltd.
Chairman of Southstar Assets Limited.
Director	Hsieh, Shiu-Ling	Director of Leang Yeh Enterprise Co.,Ltd.
Director	Lin, Min-Chen	Director of Evans Information Management Corp.
Independent Director	Ting, Pi-Hui	Director of GeoNet Information Inc.
Director of Smims Technology Corporation.
Independent Director	Hu, Yen-Jung	Director of Ho Tan Tran Company Ltd.

Please discuss accordingly.

Resolution:

VII. Extraordinary Motions

Adjournment of Meeting

APPENDIX 1

KNH ENTERPRISE CO., LTD. Business Report

In 2025, global economic growth slowed, constrained by a high interest rate environment and geopolitical uncertainties, resulting in weakened overall growth momentum. Changes in tariffs and trade policies, along with adjustments in supply chain strategies, have also posed significant challenges to corporate operations. In response to this evolving environment, the Company has continued to strengthen its operational fundamentals. Through optimizing its product portfolio and implementing differentiation strategies, the Company has steadily advanced its existing businesses. Meanwhile, it has continued to invest in the research, development, and deployment of industrial and medical material-related products to enhance product value and expand application markets. The operating results of the past year and outlook are reported as follows:

Operating results in 2025

The company's consolidated revenue for 2025 was NT$2,665,869 thousand, a decrease of NT$271,388 thousand compared to the previous year. The consolidated net loss for the period was NT$473,988 thousand, an increase in loss of NT$105,523 thousand compared to the previous year. The main factors were multiple adverse factors in 2025, including overall economic weakness, high interest rates, and changes in tariffs and trade policies, as well as China's economic recovery falling short of expectations and adjustments in supply strategies by contract manufacturing customers, all of which resulted in the Group's profitability being weaker than that of the previous year.

In order to cope with such challenging environment, the Company will take the following actions to improve its operating conditions, establish a more stable operating foundation, enhance overall competitiveness, and achieve long-term stable development goals.

Product sales strategy adjustment and cost control: Re-evaluate the product package, promote the sales of high-margin products as the first priority, and ensure that market demand and supply consistent through accurate market analysis and customer demand survey. Meanwhile, the Company's internal operations are also reviewed to help it find opportunities to improve performance and reduce costs, strictly control costs and ensure the effective use of resources.
Develop cross-disciplinary applications of high-end materials and develop eco-friendly products: Increase the added value of products through the production of microfiber substrates, and apply microfiber substrates to clothing, footwear, home accessories, electronic wipes, and medical supplies, in order to enhance the profit structure. Meanwhile, the Company also combines the concept about environmental protection to reduce the impact posed by the production and product use on the environment. The Company will continue to launch natural recyclable and reusable non-woven fabrics, biodegradable women's products made of mass materials, care products, water-flushed wipes, dry wipes, cotton pads, and related materials and products that meet environmental requirements.
Improve the R&D and innovation speed: Continue to research and develop high value-added products; in addition to rapidly developing higher functional products in the hygiene materials field, the Company will also focus on the development and application of

microfiber substrate products to strengthen the Company’s strength in diversified operations and create better performance.

Business plans for 2026

For our 2026 business strategy and direction, the Company will not only continue to expand the business of the hygiene products but also plan to officially enter the industrial and medical products fields through the development and promotion of high-technology microfiber substrates, work with various industries to apply microfiber substrates to clothing, footwear, home accessories, electronic wipes, and medical supplies. The Company tries its best to make good use of microfiber substrates, provide innovative, high-performance and eco-friendly products, create more business opportunities in new markets, and transform into the field of industrial materials and medical materials, in order to improve the Group’s overall profitability further.

For the business focus of our own-branded products in Taiwan, we are dedicated to strengthening consumer perception of the brand image, expanding market share of different age groups while at the same time quickly launching products with new functions. By doing so, we will enhance and strengthen the profit structure. As for our OEM business, aside from the stable growth with existing customers, we vow to develop new customers and products to offer the best competitive price, further increasing business scale and profitability. Our microfiber substrate business is expected to be put into production in 2026. The main markets will center on industrial wiping materials, medical fabrics, artificial leather substrates and high functional upholstery materials. At the initial stage of production, these products will be promoted through participating in international fairs and magazines in order to increase the brand’s publicity worldwide. At the same time, we plan to proactively expand our market scale via strategic alliances with vendors in related industries to further increase our overall sales and profitability. In terms of internal management, by establishment of the new factory premises, it will strengthen the integration of resources, upgrade its operating flexibility, reflect the needs from various sides rapidly, and maintain high quality and high output, so as to maximize the Company’s profit.

In 2026, in addition to continuing to develop new high functional and differentiated products in the field of hygiene material products, the Company will also combine different types of non-woven technologies and products in the industrial and medical-related fields. For the ESG practices, the Company places importance on eco-friendly issues, it constantly researches and develops materials that can be reduced, reused and decomposed in all of its business areas. The Company also strives to seek more eco-friendly materials to be applied to products, as our objective is to reduce environmental pollution while protecting the earth’s resources, and creating a sustainable environment and future.

The Company’s future development strategy, and the effect of external competition, legal environment and overall business environment

Based on the Company’s future development strategy, the Company will continue to focus on technology and product development. In the era of rising production costs and labor shortages, the pace of R&D innovation cannot stop. In the future, the Company will continue to improve product quality through technological innovation to accelerate industrial optimization, transformation and upgrading, gradually move toward intelligent production, cultivate technical engineers and management leaders who may integrate people, machinery, fibers, and product applications, and continue to promote the application and development of non-woven

technologies and products, so that the Company’s future development can be indefinite to help the Company go higher.

The green energy transformation speed is getting faster and faster all over the world. Taiwan-based enterprises need to deal with their own green energy transformation and also the pressure from the low-carbon competition internationally. EU’s carbon tariff policy, supply chain policies of major manufacturers, net zero and green power are considered as the important matters that must be done and achieved.

In response to climate change, the Company not only supports the government’s promotion of green policies, but also acts in response to the carbon reduction plans of world-renowned brands to integrate ESG practices into the Company’s culture and implements the “Corporate GHG Inventory” operation. Starting with the basic work of the GHG inventory, the Company sets the Group’s inventory boundary, confirm the scope of inventory, establish a product carbon footprint inventory system, and then prepare the reduction strategy to improve the efficiency of green energy consumption, slow down the global warming and mitigate the impact posed by climate change on the environment and ecology, and move toward a decarbonized economy step by step. We hope to contribute to environmental protection through energy conservation and carbon reduction performance and make our earth a better place.

In the upcoming year, the Company will keep upholding the practical philosophy, strengthening its business constitution, solidifying its strength, satisfying the needs of our customers and consumers, upgrading consumers’ sense of identity, maintaining high-quality corporate identity and fulfilling its corporate social responsibility to create greater profit and better welfare for shareholders and all employees.

Chairman:
General Manager:
Chief Accountant:

APPENDIX 2

Audit Committee’s Review Report

Approval of

The Board of Directors has prepared the Company’s 2025 business report, financial statements and loss compensation. Among them, the financial statements have been audited by independent auditors, Huang, Pei-Chuan, CPA and Chih, Ping-Chiun, CPA of PricewaterhouseCoopers Taiwan and an external auditor’s report was issued. Said business report, financial statements and loss compensation have been reviewed by the Audit Committee and found no nonconformity. Therefore, the above report is submitted in accordance with Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Act.

Submitted to

The Company’s 2026 Annual General Shareholders’ Meeting

KNH ENTERPRISE CO., LTD.

Convener of the Audit Committee:

March 06, 2026

APPENDIX 3

REPORT OF INDEPENDENT ACCOUNTANTS TRANSLATED FROM CHINESE

(2026) PWCR 25004119

To the Board of Directors and Shareholders of KNH ENTERPRISE CO., LTD.

Audit opinions

We have reviewed the accompanying parent company only balance sheets of KNH Enterprise Co., Ltd. (the "Company") as at December 31, 2025 and 2024, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the parent company only financial statements, including a summary of significant accounting policies.

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

Basis for opinion

The audits were conducted in accordance with the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and the Auditing Standards of the Republic of China. Our responsibilities under those standards are further described in Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Professional Ethics for Certified Public Accountants in the Republic of China (the "Code"), and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for 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 parent company only financial statements for the 2025 of the current period. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matters for the Company’s parent company only financial statements for the 2025 is stated as follows:

Evaluation of inventories

Description

Refer to Note 4(10) for accounting policies adopted for the evaluation of inventories, Note 5 for critical accounting estimates and assumptions used in the evaluation of inventories, and Note 6(4) for details of inventories. As of December 31, 2025, inventory cost and allowance for valuation losses were NT$536,094 thousand and NT$68,895 thousand, respectively.

KNH Enterprise Co., Ltd. is primarily engaged in the manufacturing and sales of sanitary pad, baby diapers, wet wipes, masks, non-woven fabric products and so on. Due to a wide variety of technologies and production methods, the non-woven industry continues to develop different innovative materials and product applications. As such, new consumer products are constantly being introduced to meet market trends and customer needs which leads to a higher risk of decline in inventory value. The Company measures inventories at the lower of cost and net realizable value, and assesses whether the value of inventories has declined and any losses incurred based on the clearance of inventory are examined by management periodically.

As the net realizable value used in inventory valuation and the assessment as to whether losses were incurred involve subjective judgement and high uncertainty in estimation, and inventories and allowance for valuation loss are material to the financial statements, we consider the evaluation of allowance for inventory valuation losses a key audit matter.

How our audit addressed the matter

Our audit procedures performed in respect of the above key audit matter included the following:

Obtaining the Company’s accounting policy on allowance for inventory valuation, checking whether the accounting policy has been consistently applied, and assessing the reasonableness of management’s assumptions on inventory valuation.
Verifying whether the “lower of cost and net realizable value report” is in accordance with the Company’s accounting policy and selecting samples from the report to check the accuracy of selling price, and selling expense ratio which were used to calculate net realizable value.
Obtaining physical inventory count documents, performing inquiry with management and related personnel, and inspecting inventory warehouse to confirm whether the slow-moving, surplus, obsolete, scrapped or damaged items were included in the details of

inventory.

The reasonableness of the allowance for inventory obsolescence accounts is evaluated and revalued based on the inventory depletion evaluated by management.

Responsibilities of management and those charged with governance for the parent company only financial statements

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

In preparing the parent company only 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 the Audit Committee, are responsible for overseeing Company’s financial reporting process.

Auditor’s responsibilities for the audit of the parent company only financial statements

Our objectives are to obtain reasonable assurance about whether the parent company only 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 Auditing Standards 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 parent company only financial statements.

As part of an audit in accordance with Auditing Standards 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 parent company only financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,

forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit 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 parent company only 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 parent company only financial statements (including the relevant notes), and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the Company to express an opinion on the parent company only 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 provided a declaration of independence to the governance unit, which assured that we complied with the requirements related to independence in the Norm of Professional Ethics for Certified Public Accountants, and communicated all relationships and other matters (including relevant protective measures) that we deemed to be likely to cause an impact on the independence of CPAs to the governance unit.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the parent company only financial statements for 2025 of the current period and are therefore the key audit matters. We describe these matters in our auditor's 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.

Huang, Pei-Chuan

Chih, Ping-Chiun

For and on behalf of PricewaterhouseCoopers, Taiwan

March 6, 2026

The accompanying parent company only financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China.

Accordingly, the accompanying parent company only financial statements and report of independent accountants are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.

As the financial statements are the responsibility of the management, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
PARENT COMPANY ONLY BALANCE SHEETS
AS OF DECEMBER 31, 2025 AND 2024

Unit: NTD thousand

	Assets	Notes	December 31, 2025		December 31, 2024
			Amount	%	Amount	%
Current assets
1100	Cash and cash equivalents	6(1)	$ 957,626	17	$ 242,193	4
1136	Financial assets at amortized cost - current	6(2) & 8	8,599	-	-	-
1150	Notes receivable, net	6(3)	5,981	-	5,986	-
1170	Accounts receivable, net	6(3)	446,259	8	420,099	7
1180	Accounts receivable - related parties, net	7	793	-	11,390	-
1200	Other receivables		23,493	1	9,629	-
1210	Other receivables - related parties	7	6,082	-	9,560	-
1220	Current income tax assets		1,043	-	-	-
130X	Inventories	6(4)	467,199	8	542,267	9
1410	Prepayments		18,986	-	7,786	-
11XX	Total current assets		1,936,061	34	1,248,910	20
Non-current assets
1535	Financial assets at amortized cost - non-current	6(2) & 8	314	-	-	-
1550	Investments accounted for under equity method	6(5)	538,832	10	1,756,879	28
1600	Property, plant and equipment	6(6) & 8	3,046,722	54	3,153,208	50
1755	Right-of-use assets	6(7)	3,661	-	1,273	-
1780	Intangible assets		5,768	-	10,319	-
1840	Deferred tax assets	6(21)	71,240	2	78,068	1
1900	Other non-current assets	6(8)	13,876	-	21,472	1
15XX	Total non-current assets		3,680,413	66	5,021,219	80
1XXX	Total assets		$ 5,616,474	100	$ 6,270,129	100

(Continued)

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
PARENT COMPANY ONLY BALANCE SHEETS
AS OF DECEMBER 31, 2025 AND 2024
Unit: NTD thousand

Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
		Amount	%	Amount	%
Current liabilities
2130	Contract liabilities - current	6(15)	$ 588	-	$ 130	-
2150	Notes payable		7,987	-	8,248	-
2170	Accounts payable		215,568	4	226,851	4
2180	Accounts payable - related parties	7	17,431	-	24,766	-
2200	Other payables	6(9)	208,121	4	244,157	4
2220	Other payables - related parties	7	821	-	806	-
2230	Current income tax liabilities		-	-	5,067	-
2280	Lease liabilities - current		1,164	-	529	-
2320	Long-term liabilities due in one year or one business cycle	6(10)	456,313	8	876,313	14
2399	Other current liabilities - Others		18,711	1	2,626	-
21XX	Total current liabilities		926,704	17	1,389,493	22
Non-current liabilities
2540	Long-term borrowings	6(10)	2,469,666	43	2,135,979	34
2570	Deferred tax liabilities	6(21)	51,536	1	54,960	1
2580	Lease liabilities - non-current		2,453	-	368	-
2600	Other non-current liabilities	6(11)	62,703	1	77,491	1
25XX	Total non-current liabilities		2,586,358	45	2,268,798	36
2XXX	Total liabilities		3,513,062	62	3,658,291	58
Equity
	Share capital	6(12)
3110	Share capital - common stock		1,953,628	36	1,953,628	31
	Capital surplus	6(13)
3200	Capital surplus		26,989	-	26,989	-
	Retained earnings	6(14)
3310	Legal reserve		363,816	6	363,816	6
3350	Unappropriated retained earnings		( 316,471)	( 6)	185,720	3
	Other Equity
3400	Other Equity		75,450	2	81,685	2
3XXX	Total Equity		2,103,412	38	2,611,838	42
	Significant contingent liabilities and unrecognized contract commitments	9
3X2X	Total liabilities and equity		$ 5,616,474	100	$ 6,270,129	100

The accompanying notes are an integral part of these parent company only financial statements.

Chairman: Tai, Hwa-Ming
President: Tai, Hsiu-Ling
Accounting Director: Lai, Ting-Fu

KNH ENTERPRISE CO., LTD.
PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME
AS OF JANUARY 1 TO DECEMBER 31, 2025 AND 2024

Unit: NTD thousand
(except for loss per share data)

Items	Notes	2025		2024
		Amount	%	Amount	%
4000	Operating revenue	6(15) & 7	$ 1,957,253	100	$ 1,965,983	100
5000	Operating costs	6(4) (20) & 7	( 1,967,262)	( 101)	( 1,741,984)	( 89)
5900	Gross (loss) profit		( 10,009)	( 1)	223,999	11
5910	Unrealized losses on sales		-	-	1,169	-
5920	Unrealized (losses) gains on sales		( 1,169)	-	584	-
5950	Net operating (loss) profit		( 11,178)	( 1)	225,752	11
	Operating expenses	6(20)
6100	Selling expenses		( 262,264)	( 13)	( 259,341)	( 13)
6200	General and administrative expenses		( 130,654)	( 7)	( 111,175)	( 6)
6300	Research and development expenses		( 41,335)	( 2)	( 29,280)	( 1)
6450	Expected credit impairment gains	12	-	-	-	-
6000	Total operating expenses		( 434,253)	( 22)	( 399,796)	( 20)
6900	Operating losses		( 445,431)	( 23)	( 174,044)	( 9)
	Non-operating income and expenses
7100	Interest income	6(16)	12,475	1	9,282	1
7010	Other income	6(17)	37,104	2	21,095	1
7020	Other gains and losses	6(9)(18)	78,801	4	( 51,325)	( 3)
7050	Finance costs	6(19)	( 56,044)	( 3)	( 57,732)	( 3)
7070	Share of loss of associates and joint ventures accounted for under equity method	6(5)	( 101,226)	( 5)	( 188,770)	( 10)
7000	Total non-operating income and expenses		( 28,890)	( 1)	( 267,450)	( 14)
7900	Net loss before tax		( 474,321)	( 24)	( 441,494)	( 23)
7950	Income tax benefit	6(21)	333	-	73,029	4
8200	Net loss for the current period		($ 473,988)	( 24)	($ 368,465)	( 19)
	Other comprehensive income, net Components of other comprehensive income that will not be reclassified to profit or loss
	Gains (losses) on remeasurements of defined benefit plans	6(11)	$ 13,587	-	$ 23,389	1
8311	Income tax related to components of other comprehensive income that will not be reclassified to profit or loss	6(21)	( 2,717)	-	( 4,678)	-
8349	Other comprehensive income (loss) that will not be reclassified to profit or loss		10,870	-	18,711	1
8310	Components of other comprehensive income that will be reclassified to profit or loss Financial statements translation differences of foreign operations	6(5)	( 7,640)	-	109,166	6
8361	Income tax relating to the components of other comprehensive income that will be reclassified to profit or loss	6(21)	1,405	-	( 21,625)	( 1)
8399	Other comprehensive income (loss) that will be reclassified to profit or loss		( 6,235)	-	87,541	5
8360	Other comprehensive income, net		$ 4,635	-	$ 106,252	6
8500	Total comprehensive income for the current period		($ 469,353)	( 24)	($ 262,213)	( 13)
	Loss per share	6(22)
9750	Basic loss per share		($	2.43)	($	1.89)
9850	Diluted loss per share		($	2.43)	($	1.89)

The accompanying notes are an integral part of these parent company only financial statements.

Chairman: Tai, Hwa-Ming
President: Tai, Hsiu-Ling
Accounting Director: Lai, Ting-Fu

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY
AS OF JANUARY 1 TO DECEMBER 31, 2025 AND 2024

Unit: NTD thousand

	Notes	Share capital - common stock	Capital surplus		Retained earnings		Other Equity		Total equity
			Additional paid-in capital	Treasury stock transactions	Legal reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income
2024
Balance at January 1, 2024		$ 1,953,628	$ 25,631	$ 1,358	$ 298,903	$ 658,996	$ 2,340	($ 8,196)	$ 2,932,660
Net loss for the current period		-	-	-	-	(368,465)	-	-	(368,465)
Other comprehensive income for current period		-	-	-	-	18,711	87,541	-	106,252
Total comprehensive income for the current period		-	-	-	-	(349,754)	87,541	-	(262,213)
Appropriations of 2023 earnings
Appropriation to Legal Reserve	6(14)	-	-	-	64,913	(64,913)	-	-	-
Cash dividends distributed to shareholders	6(14)	-	-	-	-	(58,609)	-	-	(58,609)
Balance at December 31, 2024		$ 1,953,628	$ 25,631	$ 1,358	$ 363,816	$ 185,720	$ 89,881	($ 8,196)	$ 2,611,838
2025
Balance at January 1, 2025		$ 1,953,628	$ 25,631	$ 1,358	$ 363,816	$ 185,720	$ 89,881	($ 8,196)	$ 2,611,838
Net loss for the current period		-	-	-	-	(473,988)	-	-	(473,988)
Other comprehensive income for current period		-	-	-	-	10,870	(6,235)	-	4,635
Total comprehensive income for the current period		-	-	-	-	(463,118)	(6,235)	-	(469,353)
Appropriations of 2024 earnings
Cash dividends distributed to shareholders		-	-	-	-	(39,073)	-	-	(39,073)
Balance at December 31, 2024		$ 1,953,628	$ 25,631	$ 1,358	$ 363,816	($ 316,471)	$ 83,646	($ 8,196)	$ 2,103,412

The accompanying notes are an integral part of these parent company only financial statements.

Chairman: Tai, Hwa-Ming
President: Tai, Hsiu-Ling
Accounting Director: Lai, Ting-Fu

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
AS OF JANUARY 1 TO DECEMBER 31, 2025 AND 2024
Unit: NTD thousand

	Notes	January 1, 2025 – December 30, 2025		January 1, 2024 – December 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Current net loss before tax		($)	474,321)	($)	441,494)
Adjustments
Adjustments to reconcile profit (loss)
Depreciation expense	6(6)(7)(20)		156,174		112,250
Amortization	6(20)		4,582		3,652
Property, plant and equipment transferred to expenses	6(6)		10,580		94
Loss (gains) from disposal of property, plant and equipment	6(18)		22,318	(	39)
Loss on property, plant and equipment impairment	6(9)(18)		-		10,580
Fire loss	6(18)		-		48,596
Flood loss	6(18)		33,641		1,483
Losses on disposal of investment	6(18)		368		-
Interest income	6(16)	(	12,475)	(	9,282)
Interest expense	6(19)		55,076		56,376
Share of loss of associates and joint ventures accounted for under equity method	6(5)		101,226		188,770
Changes in operating assets and liabilities
Net changes in operating assets
Notes receivable			5		2,076
Accounts receivable		(	26,160)	(	37,536)
Accounts receivable - related parties, net			10,597	(	7,432)
Other receivables			202	(	4,792)
Other receivables - related parties			3,478	(	100)
Inventories			44,516	(	9,192)
Prepayments		(	11,200)		4,791
Net changes in operating liabilities
Contract liabilities - current			458	(	2,389)
Notes payable		(	261)	(	855)
Accounts payable		(	11,283)		53,977
Accounts payable - related parties		(	7,335)		7,722
Other payables		(	17,395)	(	40,825)
Other payables - related parties			15		806
Other current liabilities			16,085		280
Other non-current liabilities		(	1,221)	(	968)
Cash outflow generated from operations		(	102,330)	(	63,451)
Interest received			10,577		9,282
Interest paid		(	54,710)	(	56,535)
Income tax paid		(	3,685)	(	908)
Net cash outflows from operating activities		(	150,148)	(	111,612)

(Continued)

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
AS OF JANUARY 1 TO DECEMBER 31, 2025 AND 2024
Unit: NTD thousand

	Notes	January 1, 2025 – December 30, 2025	January 1, 2024 – December 30, 2024
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in financial assets at amortized cost	6(2)	($ 8,913)	$ -
Distribution of investment income of subsidiaries, associates and joint ventures accounted for using the equity method	6(5)	-	831,138
Capital reduction of investments accounted for using the equity method	6(5)	1,096,645	-
Purchase of property, plant and equipment	6(23)	( 95,701)	( 157,655)
Capitalization of interest on acquisition of property, plant and equipment	6(6)(23)	( 5,784)	( 12,357)
Proceeds from disposal of property, plant and equipment		1,696	39
Acquisition of intangible assets		( 31)	( 723)
Decrease (Increase) in guarantee deposits paid)		2,750	( 656)
Increase in prepayment for the equipment		-	( 3,461)
Decrease (Increase) in other non-current assets		1,310	( 1,310)
Net cash inflows used in investing activities		991,972	655,015
CASH FLOWS FROM FINANCING ACTIVITIES
Payables for short-term bill financing	6(24)	660,000	599,825
Repayment of short-term notes payable	6(24)	( 660,000)	( 699,731)
Proceeds from long-term borrowings	6(24)	1,740,000	114,100
Repayment of long-term borrowings (including those due within one year)	6(24)	( 1,826,313)	( 559,491)
Increase in guarantee deposits received		20	-
Payments of lease liabilities	6(24)	( 1,025)	( 3,012)
Cash dividends paid to shareholders	6(14)	( 39,073)	( 58,609)
Net cash outflows from financing activities		( 126,391)	( 606,918)
Net increase (decrease) in cash and cash equivalents of current period		715,433	( 63,515)
Cash and cash equivalents at beginning of period		242,193	305,708
Cash and Cash Equivalents at End of Period		$ 957,626	$ 242,193

The accompanying notes are an integral part of these parent company only financial statements.

Chairman: Tai, Hwa-Ming
President: Tai, Hsiu-Ling
Accounting Director: Lai, Ting-Fu

APPENDIX 4

REPORT OF INDEPENDENT ACCOUNTANTS TRANSLATED FROM CHINESE

(2026) PWCR 25004715

To the Board of Directors and Shareholders of KNH ENTERPRISE CO., LTD.

Audit opinions

We have audited the accompanying consolidated financial statements of KNH Enterprise Co., Ltd. and its subsidiaries (the "Group"), which comprise the consolidated statements of financial position as of December 31, 2025 and 2024, and the consolidated statements of comprehensive income, changes in equity and cash flows for the years ended December 31, 2025 and 2024, and the notes to the consolidated financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as of December 31, 2025 and 2024, and their consolidated financial performance and consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations as endorsed by the Financial Supervisory Commission.

Basis for opinion

The audit was conducted in accordance with the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and the Auditing Standards of the Republic of China. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Professional Ethics for Certified Public Accountants in the Republic of China (the "Code"), and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for 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 consolidated financial statements for the 2025 of the current

period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters:

Key audit matters for the Group’s consolidated financial statements for the year ended December 31, 2025 is stated as follows:

Evaluation of inventories

Description

Refer to Note 4(11) for accounting policies adopted for the evaluation of inventories, Note 5 for critical accounting estimates and assumptions used in the evaluation of inventories, and Note 6(4) for details of inventories. As of December 31, 2025, inventory cost and allowance for valuation losses are NT$665,898 thousand and NT$69,390 thousand, respectively.

The Group is primarily engaged in the manufacturing and sales of sanitary pad, baby diapers, wet wipes, masks, non-woven fabric products and so on. Due to a wide variety of technologies and production methods, the non-woven industry continues to develop different innovative materials and product applications. As such, new consumer products are constantly being introduced to meet market trends and customer needs which leads to a higher risk of decline in inventory value. The Group measures inventories at the lower of cost and net realizable value, and assesses whether the value of inventories has declined and any losses incurred based on the clearance of inventory are examined by management periodically.

As the net realizable value used in inventory valuation and the assessment as to whether losses were incurred involve subjective judgement and high uncertainty in estimation, and inventories and allowance for valuation loss are material to the consolidated financial statements, we consider the evaluation of allowance for inventory valuation losses a key audit matter.

How our audit addressed the matter

Our audit procedures performed in respect of the above key audit matter included the following:

Obtaining the Group’s accounting policy on allowance for inventory valuation, checking whether the accounting policy has been consistently applied, and assessing the reasonableness of management’s assumptions on inventory valuation.
Verifying whether the “lower of cost and net realizable value report” is in accordance with the Company’s accounting policy and selecting samples from the report to check the accuracy of selling price, and selling expense ratio which were used to calculate net realizable value.

Obtaining physical inventory count documents, performing inquiry with management and related personnel, and inspecting inventory warehouse to confirm whether the slow-moving, surplus, obsolete, scrapped or damaged items were included in the details of inventory.
The reasonableness of the allowance for inventory obsolescence accounts is evaluated and revalued based on the inventory depletion evaluated by management.

Other matter – Parent company only financial reports

We have audited and expressed an unqualified opinion on the parent company only financial statements of KNH Enterprise Co., Ltd. as at and for the years ended December 31, 2025 and 2024.

Responsibilities of management and those charged with governance for the consolidated financial statements

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

In preparing the consolidated financial statements, management is responsible for assessing the Group'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 Group or to cease operations, or has no realistic alternative but to do so.

Those charged with governance, including the Audit Committee, are responsible for overseeing the Group's financial reporting process.

Auditor’s responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements 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 Auditing Standards 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 consolidated financial statements.

As part of an audit in accordance with Auditing Standards 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 consolidated 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 Group'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 Group'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 consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements (including the relevant notes) and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements for 2025 of the current period and are therefore the key audit matters. We describe these matters in our auditor's 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

Huang, Pei-Chuan

Chih, Ping-Chiun

For and on behalf of PricewaterhouseCoopers, Taiwan

March 6, 2026

The accompanying consolidated financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China.

Accordingly, the accompanying consolidated financial statements and report of independent accountants are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2025 AND 2024
Unit: NTD thousand

Assets	Notes	December 31, 2025		December 31, 2024
		Amount	%	Amount	%
Current assets
1100	Cash and cash equivalents	6(1)	$ 1,317,958	22	$ 1,630,376	24
1136	Financial assets at amortized cost - current	6(2)	13,304	-	-	-
1140	Contract assets - current	6(15)	20,809	-	3,211	-
1150	Notes receivable, net	6(3)	5,981	-	5,986	-
1170	Accounts receivable, net	6(3)	733,350	12	823,409	12
1200	Other receivables	4(3)	34,940	1	11,403	-
1210	Other receivables - related parties		-	-	5	-
1220	Current income tax assets		1,049	-	61	-
130X	Inventories	6(4)	596,508	10	706,675	11
1410	Prepayments		39,422	1	53,198	1
11XX	Total current assets		2,763,321	46	3,234,324	48
Non-current assets
1535	Financial assets at amortized cost - non-current	6(2) & 8	1,331	-	1,017	-
1600	Property, plant and equipment	6(5) & 8	3,188,482	53	3,336,037	50
1755	Right-of-use assets	6(6) & 8	3,661	-	1,273	-
1780	Intangible assets		6,264	-	10,779	-
1840	Deferred tax assets	6(21)	71,240	1	78,068	1
1900	Other non-current assets	6(7)	21,718	-	26,284	1
15XX	Total non-current assets		3,292,696	54	3,453,458	52
1XXX	Total assets		$ 6,056,017	100	$ 6,687,782	100

(Continued)

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2025 AND 2024
Unit: NTD thousand

	Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
			Amount	%	Amount	%
Current liabilities
2100	Short-term borrowings	6(8)	$ 235,523	4	$ 211,113	3
2130	Contract liabilities - current	6(15)	1,536	-	264	-
2150	Notes payable		7,987	-	8,248	-
2170	Accounts payable		346,333	6	375,350	6
2200	Other payables	6(9)	264,287	4	323,999	5
2220	Other payables - related parties	7	821	-	806	-
2230	Current income tax liabilities		-	-	5,067	-
2280	Lease liabilities - current		1,164	-	529	-
2320	Long-term liabilities due in one year or one business cycle	6(10)	456,313	8	876,313	13
2399	Other current liabilities - Others		20,230	-	3,711	-
21XX	Total current liabilities		1,334,194	22	1,805,400	27
Non-current liabilities
2540	Long-term borrowings	6(10)	2,499,666	41	2,135,979	32
2570	Deferred tax liabilities		51,536	1	54,960	1
2580	Lease liabilities - non-current		2,453	-	368	-
2600	Other non-current liabilities		64,756	1	79,237	1
25XX	Total non-current liabilities		2,618,411	43	2,270,544	34
2XXX	Total liabilities		3,952,605	65	4,075,944	61
Equity attributable to owners of the parent
	Share capital	6(12)
3110	Share capital - common stock		1,953,628	32	1,953,628	29
	Capital surplus	6(13)
3200	Capital surplus		26,989	1	26,989	-
	Retained earnings	6(14)
3310	Legal reserve		363,816	6	363,816	6
3350	Unappropriated retained earnings		( 316,471)	( 5)	185,720	3
	Other Equity
3400	Other Equity		75,450	1	81,685	1
31XX	Total equity attributable to owners of the parent		2,103,412	35	2,611,838	39
3XXX	Total Equity		2,103,412	35	2,611,838	39
	Significant contingent liabilities and unrecognized contract commitments	9
	Significant events after the balance sheet date	11
3X2X	Total liabilities and equity		$ 6,056,017	100	$ 6,687,782	100

The accompanying notes are an integral part of these consolidated financial statements.

Chairman: Tai, Hwa-Ming
President: Tai, Hsiu-Ling
Accounting Director: Lai, Ting-Fu

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
AS OF JANUARY 1 TO DECEMBER 31, 2025 AND 2024

Unit: NTD thousand
(except for loss per share data)

	Items	Notes	2025		2024
			Amount	%	Amount	%
4000	Operating revenue	6(15)	$ 2,665,869	100	$ 2,937,257	100
5000	Operating costs	6(4)(20)	( 2,598,819)	( 98)	( 2,595,578)	( 89)
5900	Operating margin		67,050	2	341,679	11
	Operating expenses	6(20)
6100	Selling expenses		( 376,788)	( 14)	( 398,278)	( 14)
6200	General and administrative expenses		( 187,495)	( 7)	( 177,260)	( 6)
6300	Research and development expenses		( 54,700)	( 2)	( 39,806)	( 1)
6450	Expected credit impairment gains	12(2)	12	-	22	-
6000	Total operating expenses		( 618,971)	( 23)	( 615,322)	( 21)
6900	Operating losses		( 551,921)	( 21)	( 273,643)	( 10)
	Non-operating income and expenses
7100	Interest income	6(16)	15,880	-	32,665	1
7010	Other income	6(17)	48,421	2	34,470	1
7020	Other gains and losses	6(5)(8)	77,044	3	( 62,325)	( 2)
7050	Finance costs	6(19)	( 63,774)	( 2)	( 64,288)	( 2)
	Total non-operating income and expenses		77,571	3	( 59,478)	( 2)
7900	Net loss before tax		( 474,350)	( 18)	( 333,121)	( 12)
7950	Income tax benefit (expenses)	6(21)	362	-	( 35,344)	( 1)
8200	Net loss for the current period		($ 473,988)	( 18)	($ 368,465)	( 13)
	Other comprehensive income, net
	Gains (losses) on remeasurements of defined benefit plans	6(11)	$ 13,587	-	$ 23,389	1
	Income tax related to components of other comprehensive income that will not be reclassified to profit or loss	6(21)	( 2,717)	-	( 4,678)	-
	Other comprehensive income (loss) that will not be reclassified to profit or loss		10,870	-	18,711	1
	Components of other comprehensive income that will be reclassified to profit or loss
	Financial statements translation differences of foreign operations		( 7,640)	-	109,166	4
	Income tax relating to the components of other comprehensive income that will be reclassified to profit or loss	6(21)	1,405	-	( 21,625)	( 1)
	Other comprehensive income (loss) that will be reclassified to profit or loss		( 6,235)	-	87,541	3
	Other comprehensive income, net		$ 4,635	-	$ 106,252	4
	Total comprehensive income for the current period		($ 469,353)	( 18)	($ 262,213)	( 9)
	Net profit attributable to:
	Owners of the parent		($ 473,988)	( 18)	($ 368,465)	( 13)
	Total comprehensive income attributable to:
	Owners of the parent		($ 469,353)	( 18)	($ 262,213)	( 9)
	Loss per share	6(22)
	Basic loss per share		($ 2.43)	($		1.89)
	Diluted loss per share		($ 2.43)	($		1.89)

The accompanying notes are an integral part of these consolidated financial statements.

Chairman: Tai, Hwa-Ming
President: Tai, Hsiu-Ling
Accounting Director: Lai, Ting-Fu

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
AS OF JANUARY 1 TO DECEMBER 31, 2025 AND 2024

Unit: NTD thousand

	Notes	Equity attributable to owners of the parent							Total equity
		Capital surplus		Retained earnings		Other Equity
		Share capital - common stock	Additional paid-in capital	Treasury stock transactions	Legal reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income
January 1, 2024 – December 31, 2024
Balance at January 1, 2024		$ 1,953,628	$ 25,631	$ 1,358	$ 298,903	$ 658,996	$ 2,340	($ 8,196)	$ 2,932,660
Net loss for the current period		-	-	-	-	(368,465)	-	-	(368,465)
Other comprehensive income for current period		-	-	-	-	18,711	87,541	-	106,252
Total comprehensive income for the current period		-	-	-	-	(349,754)	87,541	-	(262,213)
Appropriations of 2023 earnings
Appropriation to Legal Reserve		-	-	-	64,913	(64,913)	-	-	-
Cash dividends distributed to shareholders	6(14)	-	-	-	-	(58,609)	-	-	(58,609)
Balance at December 31, 2024		$ 1,953,628	$ 25,631	$ 1,358	$ 363,816	$ 185,720	$ 89,881	($ 8,196)	$ 2,611,838
January 1, 2025 – December 31, 2025
Balance at January 1, 2025		$ 1,953,628	$ 25,631	$ 1,358	$ 363,816	$ 185,720	$ 89,881	($ 8,196)	$ 2,611,838
Net loss for the current period		-	-	-	-	(473,988)	-	-	(473,988)
Other comprehensive income for current period		-	-	-	-	10,870	(6,235)	-	4,635
Total comprehensive income for the current period		-	-	-	-	(463,118)	(6,235)	-	(469,353)
Appropriations of 2024 earnings
Cash dividends distributed to shareholders	6(14)	-	-	-	-	(39,073)	-	-	(39,073)
Balance at December 31, 2025		$ 1,953,628	$ 25,631	$ 1,358	$ 363,816	($ 316,471)	$ 83,646	($ 8,196)	$ 2,103,412

The accompanying notes are an integral part of these consolidated financial statements.

Chairman: Tai, Hwa-Ming
President: Tai, Hsiu-Ling
Accounting Director: Lai, Ting-Fu

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
AS OF JANUARY 1 TO DECEMBER 31, 2025 AND 2024
Unit: NTD thousand

	Notes	January 1, 2025 – December 30, 2025		January 1, 2024 – December 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Current net loss before tax		($)	474,350)	($)	333,121)
Adjustments
Adjustments to reconcile profit (loss)
Expected credit impairment gains	12(2)	(	12)	(	22)
	6(5)(6)
Depreciation expense	(20)		204,818		178,924
Amortization	6(20)		4,766		3,745
Property, plant and equipment transferred to expenses	6(5)		10,656		451
Loss (gains) from disposal of property, plant and equipment	6(18)		22,133	(	1,838)
Loss on property, plant and equipment impairment	6(5)(18)		-		10,580
Fire loss	6(18)		-		48,596
Flood loss	6(18)		33,641		1,483
Losses on disposal of investment	6(18)		317		7,149
Interest income	6(16)	(	15,880)	(	32,665)
Interest expense	6(19)		62,504		62,571
Changes in operating assets and liabilities
Net changes in operating assets
Contract assets - current		(	17,598)	(	405)
Notes receivable			5		2,076
Accounts receivable			90,073	(	15,219)
Other receivables		(	10,813)		105,578
Other receivables - related parties		(	5)		-
Inventories			79,615	(	3,005)
Prepayments			13,776		15,927
Net changes in operating liabilities
Contract liabilities - current			1,272	(	4,397)
Notes payable		(	261)	(	855)
Accounts payable		(	29,017)		68,423
Other payables		(	38,984)	(	45,763)
Other payables - related parties			15		806
Other current liabilities			16,519		550
Other non-current liabilities		(	826)	(	385)
Cash inflows (outflows) generated from operations		(	47,636)		69,184
Interest received			15,334		42,014
Interest paid		(	62,076)	(	62,730)
Income tax paid		(	3,597)	(	466,716)
Net cash outflows from operating activities		(	97,975)	(	418,248)

(Continued)

KNH ENTERPRISE CO., LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
AS OF JANUARY 1 TO DECEMBER 31, 2025 AND 2024
Unit: NTD thousand

	Notes	January 1, 2025 – December 30, 2025	January 1, 2024 – December 30, 2024
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in financial assets at amortized cost		( $ 13,618 )	$ -
Decrease in financial assets at amortized cost		-	1,033,108
Purchase of property, plant and equipment	6(23)	( 108,203 )	( 174,312 )
Capitalization of interest on acquisition of property, plant and equipment	6(5)(23)	( 5,784 )	( 12,357 )
Proceeds from disposal of property, plant and equipment		2,471	1,838
Acquisition of intangible assets		( 237 )	( 834 )
Effect of changes in cash positions of consolidated entities	4(3)	( 12,168 )	-
Increase in guarantee deposits paid		( 9,732 )	( 4,375 )
Decrease in guarantee deposits paid		10,235	5,478
Increase in prepayment for the equipment		-	( 3,461 )
Decrease in other non-current assets		527	( 22 )
Net cash inflows (outflows) used in investing activities		( 136,509 )	845,063
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings	6(24)	234,808	364,234
Repayments of short-term borrowings	6(24)	( 210,165 )	( 250,253 )
Payable short-term bill financing amount	6(24)	660,000	599,825
Amount of repayment of short-term notes payable	6(24)	( 660,000 )	( 699,731 )
Proceeds from long-term borrowings	6(24)	1,770,000	114,100
Repayment of long-term borrowings (including those due within one year)	6(24)	( 1,826,313 )	( 559,491 )
Increase in guarantee deposits received	6(24)	253	1,381
Decrease in guarantee deposits received	6(24)	( 313 )	( 539 )
Payments of lease liabilities	6(6)(24)	( 1,025 )	( 3,012 )
Cash dividends paid to shareholders	6(14)	( 39,073 )	( 58,609 )
Net cash outflows from financing activities		( 71,828 )	( 492,095 )
Effect of Exchange Rate Changes		( 6,106 )	64,885
Decrease in cash and cash equivalents of current period		( 312,418 )	( 395 )
Cash and cash equivalents at beginning of period		1,630,376	1,630,771
Cash and Cash Equivalents at End of Period		$ 1,317,958	$ 1,630,376

The accompanying notes are an integral part of these consolidated financial statements.

Chairman: Tai, Hwa-Ming
President: Tai, Hsiu-Ling
Accounting Director: Lai, Ting-Fu

APPENDIX 5

KNH ENTERPRISE CO., LTD.

2025 Loss Compensation Table

Unit: New Taiwan Dollar

Items	Amount
Unappropriated retained earnings, beginning	146,647,021
Add: Net loss after tax	(473,988,178)
Add: Remeasurements of defined benefit plans stated into the retained earnings	10,869,965
Deficit yet to be compensated	(316,471,192)

Chairman: Tai, Hwa-Ming
General Manager: Tai, Hsiu-Ling
Chief Accountant: Lai, Ting-Fu

APPENDIX 6

KNH Enterprise Co., Ltd.

List of Directors & Independent Directors Candidate for the 20th Election

No.	Candidate	Name	Main Education	Experience	Main Current Job
1	Director	Tai, Hwa-Ming	Associate degree, Far East College.	● Director of Jiou Hong Industrial Co., Ltd.
● Director of Jian Sheng Bitumen Enterprise Ltd.
● special assistant to the chairman of KNH Enterprise Co., Ltd.	● Chairman of Outlook Investment Pte Ltd.
● Director of Taichu Engineer Co., Ltd.
● Supervisor of Jiou Hong Industrial Co., Ltd.
● Chairman of KNH Enterprise Co., Ltd.	3,759,963	N/A
2	Director	Tai, Hsiu-Ling	EMBA, National Chengchi University.	● Chairman of KNH (Shanghai) Co., Ltd.
● Director of Procurement Division of KNH Enterprise Co., Ltd.
● Director of Litnertex Co., Ltd.
● Chairman and President of Shanghai Kang You International Trading Co., Ltd.
● Director of Captain Holding Co., Ltd.
● Chairman of Well Held International Limited.
● Director and President of ChengDu KNH Technology Co., Ltd.
● Director of Carnation International Inc.
● Chairman and President of Shanghai KNH International Trading Co., Ltd.
● Chairman of Kang Yu Co., Ltd.	● Director of Outlook Investment Pte Ltd.
● Chairman of KNH (Yangzhou) Co., Ltd.
● Chairman of K. Jie Water & Environmental Engineering Co., Ltd.
● Director of Kang Yao Investment Co.,Ltd.
● Chairman of Southstar Assets Limited.
● Director and Committee Member and President of KNH Enterprise Co., Ltd.	1,343,487	N/A
3	Director	Hsieh, Shiu-Ling	MBA, University Of Texas At Dallas.	● Finance Secretary of Dongyi Enterprise Co., Ltd.
● Supervisor of KNH Enterprise Co., Ltd.	● Director of KNH Enterprise Co., Ltd.
● Director of Leang Yeh Enterprise Co.,Ltd.	1,103,000	N/A
4	Director	Lin, Min-Chen	MBA, Royal Roads University.	● Supervisor of KNH Enterprise Co., Ltd.	● Director &CEO & CTO of Evans Information Management Corp.
● Vice President of Taiwan Keel Boat Association.
● Director of KNH Enterprise Co., Ltd.	425,745	N/A

No.	Candidate	Name	Main Education	Experience	Number of Shares
5	Director	Tai, Hsiu-Ching	Chinese Culture University	● Marketing Director of KNH Enterprise Co., Ltd.
● General Manager of Business Division, KNH Enterprise Co.,Ltd.	● Consultant of KNH Enterprise Co., Ltd.
● Director of KNH Enterprise Co., Ltd.	760,063	N/A
6	Director	Kang Yao Investment Co.,Ltd.	EMBA, Chang Jung Christian University	● Director of Jian Sheng Bitumen Enterprise Ltd.
● Director of Cheng Chiuan Co., Ltd.
● President of K Jie Water & Environmental Engineering Co., Ltd.
● Director of K Jie Water & Environmental Engineering Co., Ltd.
● Supervisor of Jian Sheng Bitumen Enterprise Ltd.
● Supervisor of Jian Sheng Bitumen Enterprise Ltd.	● Supervisor of Jian Sheng Bitumen Enterprise Ltd.
● Advisor of municipal government of Tainan
● Director of KNH Enterprise Co., Ltd.	Kang Yao Investment Co.,Ltd.
29,891,000	N/A
		Representative: Tai, Fu-Jen			Representative: 2,249,725
7	Independent Director	Hwang, Jen-Te	Doctor in Economics, State University of New York.	● Member of Taskforce for Reforming Corporate Governance Working Conference.
● Professor and Head of the Department of Economics, National Chengchi University
● Director of Joint Credit Information Center.
● Director of Land Bank of Taiwan.
● Director of Taiwan Accreditation Foundation.
● Professor of Department of Finance, Kainan University.
● Dean of School of Business, Kainan University.
● Adjunct Professor of Department of Economics, National Chengchi University.	● Adjunct Professor of Department of Economics, National Chengchi University.
● Independent Director of KNH Enterprise Co., Ltd.
● Compensation Committee Member of KNH Enterprise Co., Ltd.
● Chairman of the Nomination Committee of KNH Enterprise Co., Ltd.	0	Mr,Hwang has served as an independent director of the Company for three terms (2017–2026). In consideration of A's extensive expertise in finance and deep familiarity with relevant laws and regulations, which have been of significant benefit to the Company, A is hereby nominated again as a candidate for independent director. It is expected that A will continue to leverage this expertise to provide oversight of the Board and offer professional advice.

No.	Candidate	Name	Main Education	Experience
8	Independent Director	Ting, Pi-Hui	PhD in Department of Business Management, NSYSU.
Master in Institute of Business & Management, NYCU.	• Associate Dean of Academic Affairs, CJCU.
• Director of Smims Technology Corporation.
• Director of GeoNet Information Inc.
• Professor of Business Administration, CJCU.
• Dean of Academic Affairs, CJCU.
• Chief Executive of Institutional Research Center, CJCU.	• Director of Smims Technology Corporation.
• Director of GeoNet Information Inc.
• Professor of Business Administration, CJCU.
• Dean of Academic Affairs, CJCU.
• Director, Center for ESG and Institutional Research, CJCU.
• Independent Director of KNH Enterprise Co., Ltd.
Compensation Committee Member of KNH Enterprise Co., Ltd.	0	NO
9	Independent Director	Hu, Yen-Jung	Doctor of Philosophy, Textile Engineering, Feng Chia University	• Vice President of KNH Enterprise Co., Ltd.
• Consultant f KNH Enterprise Co., Ltd.	• Director of Ho Tan Tran Company Ltd.
• Independent Director of KNH Enterprise Co., Ltd.
• Compensation Committee Member of KNH Enterprise Co., Ltd.
• Nomination Committee Member of KNH Enterprise Co., Ltd.	0	NO

Note: The number of shares held by KNH Enterprise Co., Ltd. as of April 14, 2026 on the book closure date.

APPENDIX 7

KNH ENTERPRISE CO., LTD.

Articles of Incorporation

Chapter 1. General Principles

Article 1: The Corporation shall be incorporated as a company limited by shares, under the Company Act, and its name shall be KNH ENTERPRISE CO., LTD. (康那香企業股份有限公司).

Article 2: The scope of business of the Corporation shall be same as left:

F401010 International Trade
C601050 Manufacture of Domestic and Sanitary Paper Products
CB01010 Mechanical Equipment Manufacturing
F113010 Wholesale of Machinery
F213080 Retail Sale of Machinery and Tools
CA01990 Other Non-ferrous Metal Basic Industries
C303010 Manufacture of Non-woven Fabrics
CB01030 Pollution Controlling Equipment Manufacturing
F113100 Wholesale of Pollution Controlling Equipments
F213100 Retail Sale of Pollution Controlling Equipments
F106020 Wholesale of Daily Commodities
F206020 Retail Sale of daily commodities
CF01011 Medical Devices Manufacturing
F108031 Wholesale of Medical Devices
F208031 Retail Sale of Medical Apparatus
CB01990 Other Machinery Manufacturing
C802041 Manufacture of Drugs and Medicines
F108021 Wholesale of Western Pharmaceutical
F208021 Retail Sale of Western Pharmaceutical
F108040 Wholesale of Cosmetics
F208040 Retail Sale of Cosmetics
F107030 Wholesale of Cleaning Supplies
F207030 Retail Sale of Cleaning Supplies
F104110 Wholesale of Cloths, Garments, Shoes, Hats, Umbrellas and Clothing Accessories
F204110 Retail Sale of Cloths, Garments, Shoes, Hats, Umbrellas and Clothing Accessories
F109070 Wholesale of Culture, Education, Musical Instruments and

F209060
Educational Entertainment Supplies
Retail Sale of Culture, Education, Musical Instruments and Educational Entertainment Supplies
C601990
Other Paper Products Manufacturing
J101050
Environmental Testing Services
J101060
Wastewater (Sewage) Treatment
J101030
Waste Disposing
J101040
Waste Treatment
J101080
Resource Recycling
J101090
Waste Disposal
ZZ99999
All business items that are not prohibited or restricted by law, except those that are subject to special approval.

Article 3: The headquarters of the Corporation shall be located in Tainan City, Taiwan, the Republic of China (“R.O.C”). Subject to the approval of the Board, the Company may, if necessary, set up branches or branch business offices both inside and outside of the R.O.C.

Article 4: (Deleted)

Chapter 2. Shares

Article 5: The total capital of the Company is twenty five hundred million dollars New Taiwan Dollars (NT$2,500,000,000), divided into two hundred and fifty million (250,000,000) shares with a par value of ten New Taiwan Dollars (NT$10) each and issued in installments.

The Company shall issue the large face-value share certificates for replacement due to mergers per the request of the custodian agency Taiwan Depository & Clearing Corporation.

Article 5-1: The Company’s transfer of treasury shares to employees at a price lower than the average price for repurchasing of the shares or offering of employees’ stock warrants at a price lower than the closing price prevailing on the date of offering, if any, shall be subject to approval of more than two-thirds of the present shareholders with voting rights at a shareholders’ meeting attended by the shareholders representing a majority of the Company’s outstanding shares.

Article 6: (Deleted)

Article 7: The share certificates of the Company shall be all in registered form, and assigned serial numbers, be signed or sealed by at least three directors, and issued upon certification by the bank competent to serve as an attester for the issuance of share certificates. The Company may issue shares without printing share certificate(s), and shall appoint a centralized securities custody institution to make recordation of the issue of such shares and comply with the institution’s requirements.

Article 8: (Deleted)

Article 9: The shareholders services shall be handled in accordance with the Company Act, regulations governing the administration of shareholder services promulgated by the competent securities authority, and any other relevant rules and regulations of the

Republic of China.

Article 10: Registration for transfer of shares shall be suspended sixty (60) days immediately before the date of regular meeting of shareholders, and thirty (30) days immediately before the date of any special meeting of shareholders, or within five (5) days before the day on which dividend, bonus, or any other benefit is scheduled to be paid by the Corporation.

Chapter 3. Shareholders' Meeting

Article 11: The Company's general shareholders' meeting is categorized into the following:

General shareholders' meeting, which shall be convened once a year by the Board of Directors within six months after the close of each fiscal year pursuant to laws.
Special shareholders' meeting, which may be convened pursuant to laws, whenever it is necessary.

The Company's shareholders' meeting may be convened by videoconference or other means announced by the central competent authority.

In case a shareholders' meeting is proceeded via visual communication network, the shareholders taking part in such a visual communication meeting shall be deemed to have attended the meeting in person.

When a shareholders' meeting is convened by videoconference, the criteria, operating procedures and other matters to be complied with shall be in accordance with the laws and regulations or subject to the requirements of the competent authority of securities.

Article 12: In case a shareholder is unable to attend a shareholders' meeting, such shareholder may issue a proxy in the form issued by the Company, setting forth the scope of authorization by signing and affixing such shareholder's seal on the proxy form for the representative to be present on such shareholder's behalf. A shareholder may only execute one power of attorney and appoint one proxy only. Except for trust enterprises or stock agencies approved by the competent authority, if a person is designated as proxy by more than two shareholders, any of such person's voting rights representing in excess of 3% of the total issued and outstanding shares shall not be considered. The relevant matters related to the use and rescission of the proxy shall be conducted in accordance with the Company Act and applicable rules.

Article 13: Except in the circumstances without voting power set forth in Article 179 of the Company Act, each share of stock shall be entitled to one vote.

Article 14: Unless otherwise provided in applicable law and regulations, a resolution shall be adopted at a meeting attended by the shareholders holding and representing a majority of the total issued and outstanding shares and at which meeting a majority of the attending shareholders shall vote in favor of the resolution. According to the competent authority's requirements, the shareholders may exercise their voting rights in an electronic form at the general shareholders' meeting 2018. The shareholders who exercise their voting rights in an electronic form shall be deemed to have attended the shareholders' meeting in person. The other related matters shall be implemented in accordance with the relevant laws and regulations.

Article 15: The shareholders' meeting shall be presided over by the Chairman of the Board of Directors of the Corporation. In case the chair of the Board asks for leave or for other

reason cannot exercise his power and authority, the Chairman shall designate one of the directors of Board to act on his behalf. In the absence of such a designation, the directors shall elect a designee from among themselves. If shareholders' meetings are convened by another party with the right to call a meeting, that person shall also serve as the chair. If shareholders' meetings are convened by two or more parties with the right to call a meeting, they shall nominate a chair from within their ranks.

Article 16: The resolutions of the shareholders' meeting shall be recorded in the minutes, and such minutes shall be signed by or sealed with the chop of the chairman of the meeting. and the minutes of the meeting shall be distributed to all shareholders within 20 days after the close of the meeting. The production of the proceedings can be electronically distributed and the way is to be announced. The proceedings shall contain the name of the name of the year, month, day, place, place of the meeting, the name of the president, the method of the resolution, and the essentials and results of the procedure. To attend the shareholders' signature book and the proxy to attend the letter of the time, according to the relevant rules.

Chapter 4. Directors And Audit Committee

Article 17: 9-11 directors shall be elected, and the Company shall adopt the candidate nomination system pursuant to Article 192-1 of the Company Act. The directors shall be elected from the name list of candidates for directors and independent directors by shareholders' meeting. The term of office of a director is three years; and he/she may be eligible for re-election. In case no election of new directors is effected after expiration of the term of office of existing directors, the term of office of out-going directors shall be extended until the time new directors have been elected and assumed their office. In the process of electing directors at a shareholders' meeting, the number of votes exercisable in respect of one share shall be the same as the number of directors to be elected, and the total number of votes per share may be consolidated for election of one candidate or may be split for election of two or more candidates. A candidate to whom the ballots cast represent a prevailing number of votes shall be deemed a director elected. In the case that vacancies on the Board of Directors exceed, for any reason, one third of the total number of the Directors or independent directors, then the Board of Directors shall convene a special shareholders' meeting within sixty days starting the date of occurrence to elect new Directors to fill such vacancies in accordance with relevant laws, rules and regulations. Except for the election of new Directors across the board, the new Directors or independent directors shall serve the remaining term of the predecessors.

Said directors shall consist of no less than 3 independent directors, and the independent directors shall be no less than one-fifths of the whole directors. The professional qualifications, shareholdings and restrictions on concurrent positions held, identification of independence, method of nomination and election, and other matters with respect to independent directors shall be in compliance with applicable laws and regulations.

The Company shall establish the Audit Committee in accordance with Article 14-4 of the Securities and Exchange Act, and have the Audit Committee exercise the powers supposed to be exercised by supervisors in accordance with the Securities and Exchange Act, Company Act and other laws and regulations. The Audit Committee shall consist of the whole independent directors, in accordance with the related laws or the Articles of Incorporation. The Articles of Association of the Committee shall

be established by the Board of Directors separately.

Article 17-1: (Deleted)

Article 18: The board of directors shall consist of the directors of the Company; the chairman of the board of directors shall be elected from among the directors by a majority of directors in attendance at a meeting attended by at least two-thirds of the directors. The chairman of the board of directors shall represent the Company in external matters.

Article 19: Meetings of the Board of Directors shall be convened by the Chairman of the Board of Directors. The Chairman of the Board shall preside at all meetings of the Board of Directors. In case of his absence, Chairman of the Board may designate a Director to act on his behalf; if no Director is designated, the Directors may designate one from among themselves. A board meeting shall be convened with the support of more than half of the voting rights and shall choose one person among themselves to act as the chairperson.

Seven days prior to the convening of a meeting of the board of directors, notice shall be sent to all directors, specifying the time, place and reason for calling the meeting, though, in emergency situations, a meeting may be called whenever necessary. However, in emergency circumstances, a board meeting may be convened at any time in accordance with the abovementioned convening methods.

Article 20: Except as otherwise provided by the Company Act and the articles of association, the board of directors shall have a majority of the directors present at the meeting, and the majority of the directors shall be present at the consent of the directors. Unable to attend the board of directors shall, in each issue a proxy lists called authorized scope of the cause appoint another director to attend, but the agent by one person limited commissioned. The director's attendance by video conference will be deemed attendance in person. Proceedings of the board of directors shall be recorded in proceedings.

Article 21: The Board of Directors is authorized to resolve the remuneration to directors, subject to their contribution to the Company's operation and the value of the contribution, and based on the typical pay levels adopted by peer companies. The remuneration shall be payable, irrelevant with operating profit or loss generated.

Article 21-1: (Deleted)

Article 22: The powers of the Board of Directors of the Company are determined in accordance with the Company Act.

Article 23: (Deleted)

Chapter 5. General Manager

Article 24: The Company shall have one or more managerial personnel. Appointment, dismissal, and remuneration of the president and vice presidents shall be subject to the provisions of Article 29 of the Company Act.

Chapter 6. Accounting

Article 25: The accounting year for the Company is January 1 to December 31 each year. At the close of each fiscal year, the board of directors shall prepare the following statements and records and shall forward the same to the Audit Committee for their auditing not

later than the 30th day prior to the meeting date of a general shareholders' meeting:

Business Report
The financial statements
Motions regarding earnings distribution or loss make-up shall be submitted to be acknowledged in the general shareholders' meeting in accordance with the regulatory procedures.

Article 26: (Deleted)

Article 27: The Company belongs to industry for weaving, weaving with a wide range of applications, the whole industry demand is still growing. The Company's dividend policy is planned after taking into consideration the Company's current and future entire financial structure, investment plan required for future development, level of the Company's capital and the impact of capital expansion on the level of dividends. The total stock dividends to be distributed shall be no less than 10% of the "distributable surplus" less the earnings retained subject to the overview of operation each year. The dividends shall be distributed in the form of cash dividends as the first priority, and the cash dividends distributed shall be no less than 50% of the total stock dividends to be distributed, while the others shall be distributed in the form of stock dividends. Where the cash dividend is less than NT$0.1 per share, it shall be allocated as stock dividend instead.

Where the Company has a profit at the end of each fiscal year, the Company shall first allocate the profit to recover losses for preceding years. 10% of any remaining net earnings shall be allocated as the Company's legal reserve unless and until the accumulated legal reserve reaches the paid in capital. After setting aside or reversing special reserve, then plus the previous year's accumulated undistributed earnings as the "distributable surplus", and depending on operating conditions, retain appropriate amount, for the distribution of dividends to shareholders, by the board of directors on the agreed amount.

Where the Company retains no allocable earnings or the earnings are far less than the allocable earnings of the previous year, or in consideration of the Company's overview of finance, business and operation, the Company may allocate the reserve instead, in whole or in part, pursuant to laws or the competent authority's requirements.

Subject to the resolution made by a majority of the directors present at a meeting attended by more than two-thirds of the whole directors, the Board of Directors may distribute the stock dividend and bonus to be distributed, capital surplus or legal reserve in cash, in whole or in part, and report the same to the shareholders' meeting, free from the preceding paragraph requiring resolution by a shareholders' meeting.

The Company may, by a resolution adopted by a majority of votes at a meeting of the Board of Directors attended by more than two-thirds of the total number of directors, allocate the remuneration to employees in the form of shares or in cash, and remuneration to directors in cash. The allocation shall be reported to a shareholders' meeting. The allocable amount shall be allocated based on the Company's earnings (namely, profit before income tax plus stated remuneration to employees and directors) less the loss to be covered in the following manner:

Employee Remuneration: Not less than 1% of the total amount mentioned above, of which not less than 20% shall be allocated as employee remuneration for grassroots employees. The remuneration to employees may be distributed to the

employees of the subordinate company who meet certain criteria, and the specific conditions are authorized to the Board of Directors. Grassroots employees refer to those who are not managers and whose salary level falls below a certain threshold; however, such salary level shall not be lower than that defined for grassroots employees under the “Regulations Governing the Additional Deduction of Salary Expenses for Small and Medium-Sized Enterprises that Increase Employee Wages.”.

Remuneration of Directors: no more than 5%.

Chapter 7. Additional Provisions

Article 28: The Corporation may provide endorsement and guarantee and act as a guarantor.

Article 29: The total amount of the Company’s investment is not subject to the restriction of Article 13 of the Company Act.

Article 30: In regard to all matters not provided for in these Articles of Incorporation, the Company Act shall govern.

Article 31: These Articles of Incorporation are agreed to and signed on December 10, 1971, and the 1st Amendment was on May 5, 1973, the 2nd Amendment on January 4, 1974, the 3rd Amendment on November 30, 1974, the 4th Amendment on May 12, 1982, the 5th Amendment on December 16, 1982, the 6th Amendment on August 7, 1983, the 7th Amendment on December 24, 1983, the 8th Amendment on June 25, 1985, the 9th Amendment on September 25, 1986, the 10th Amendment on October 28, 1989, the 11th Amendment on July 6, 1990, the 12th Amendment on July 28, 1990, the 13th Amendment on June 1, 1991, the 14th Amendment on July 11, 1991, the 15th Amendment on March 26, 1992, the 16th Amendment on April 1, 1994, the 17th Amendment on April 8, 1995, the 18th Amendment on April 2, 1996, the 19th Amendment on May 14, 1997, the 20th Amendment on May 5, 1998, the 21st Amendment on May 20, 1999, the 22nd Amendment on July 13, 1999, the 23rd Amendment on May 9, 2000, and the 24th Amendment on May 9, 2001, the 25th Amendment on May 28, 2002, the 26th Amendment on May 27, 2003, the 27th Amendment on May 18, 2004, the 28th Amendment on May 24, 2005, the 29th Amendment on May 24, 2006, the 30th Amendment on September 28, 2006, the 31st Amendment on June 13, 2007, the 32nd Amendment on June 13, 2008, the 33rd Amendment on June 9, 2010, the 34th Amendment on June 9, 2011, the 35th Amendment on June 13, 2012, the 36th Amendment on June 16, 2015, the 37th Amendment on June 17, 2016, the 38th Amendment on June 15, 2017, the 39th Amendment on June 13, 2019. the 40th Amendment on June 11, 2020, the 41th Amendment on June 16, 2022, and the 42th Amendment on June 13, 2025

APPENDIX 8

KNH ENTERPRISE CO., LTD.

Rules of Procedure for Shareholders’ Meetings

Article 1: Shareholders’ Meeting of the Company (the “Meeting”) shall be conducted in accordance with these Rules and Procedures.

Article 2: The Company shall identify the time and venue for acceptance of the shareholders’ check-in and other requirements to be noted in the shareholders meeting notice.

The time for acceptance of the shareholders’ check-in referred to in the preceding paragraph shall be 30 minutes prior to the meeting started. There shall be clear signs at the venue for check-in with adequate staff assigned to handle the process.

Shareholders or their proxies (hereinafter referred to as the shareholders) shall attend the meeting with the attendance certificate, sign-in card, or other documents presented. The proxy solicitors shall have their identity documents ready for verification.

The Company shall prepare a sign-in book to enable the participating shareholders to sign. A participating shareholder may, as well, present his or her sign-in card instead of signing in to prove presence.

The Company shall hand over the Meeting Agenda Handbook, Annual Report, participation certificates, memo to speak, voting ballots and other information and data of the meeting to the shareholders who participate in the shareholders’ meeting; along with the election ballots if directors are to be elected in that event.

The number of shares in attendance shall be calculated according to the shares indicated by the attendance book and sign-in cards handed in plus the number of shares whose voting rights are exercised by correspondence or electronically.

If a shareholder appoints a proxy to attend a shareholders’ meeting by providing the proxy form issued by the Company, and stating the scope of the proxy’s authorization, and shall deliver the proxy form to the Company five days prior to the date of the shareholders’ meeting. When duplicate proxy forms are delivered, the one received earliest shall prevail, unless a declaration is made to cancel the previous proxy appointment.

After the service of the power of attorney of a proxy to the Company, in case the shareholder issuing the said proxy intends to attend the shareholders’ meeting in person or to exercise his/her/its voting power in writing or by way of electronic transmission, a proxy rescission notice shall be filed with the Company two days prior to the date of the shareholders’ meeting as scheduled in the shareholders’ meeting notice so as to rescind the proxy at issue. Otherwise, the voting power exercised by the authorized proxy at the meeting shall prevail.

Article 3: The presence and voting in a shareholders’ meeting shall be duly calculated based on the number of shares so represented.

The shares held by shareholders having no voting right shall not be counted in the total number of issued shares while adopting a resolution at a meeting of shareholders.

A shareholder who has a personal interest in the matter under discussion at a meeting, which may impair the interest of the company, shall not vote nor exercise the voting right on behalf of another shareholder.

The number of shares for which voting rights may not be exercised under the preceding

paragraph shall not be calculated as part of the voting rights represented by attending shareholders.

Except for trust enterprises or stock agencies approved by the competent authority, when a person who acts as the proxy for two or more shareholders, the number of voting power represented by him/her shall not exceed 3% of the total number of voting shares of the company, otherwise, the portion of excessive voting power shall not be counted.

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.

Article 5: If a shareholders' meeting is convened by the board of directors, the meeting shall be chaired by the chairman of the board. In case the chairperson of the Board asks for leave or cannot exercise his power and authority, the chairman shall designate one of the directors of the board to act on his behalf. In the absence of such a designation, the directors shall elect a designee from among themselves.

The managing director or director who acts as the chairperson referred to in the preceding paragraph, if any, shall be limited to the one who has held the position for more than six months and has full knowledge of the Company's overview of finance and business. This same provision is applicable mutatis mutandis to an event where the chairperson is the representative of a juristic person director.

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. When there are two or more such convening parties, they shall mutually select a chair from among themselves.

Article 6: The Company may appoint designated counsel, CPA or other related persons to attend the Meeting. The staff taking charge of a shareholders' meeting shall wear identity certificates or armbands.

Article 7: This Company, beginning from the time it accepts shareholder attendance registrations, shall make an uninterrupted audio and video recording of the registration procedure, the proceedings of the shareholders meeting, and the voting and vote counting procedures.

The recorded materials of the preceding paragraph shall be retained for at least 1 year. If, however, a shareholder files a lawsuit pursuant to Article 189 of the Company Act, the ballots shall be retained until the conclusion of the litigation.

Article 8: The chairperson shall call the meeting to order at the appointed meeting time and at the same time announce the number of non-voting shares and the number of shares present. If the number of shares represented by the shareholders present at the Meeting has not yet constituted the quorum at the time scheduled for the Meeting, the Chairperson may postpone the time for 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. If after two postponements no quorum can yet be constituted but the shareholders present at the Meeting represent more than one - third of the total outstanding shares, tentative resolutions may be made in accordance with Section 1 of Article 175 of the Company Act.

If during the process of the Meeting the number of outstanding shares represented by the shareholders present reaches a majority of the total issued shares, the chairman may submit the tentative resolutions to the Meeting for approval in accordance with Article 174 of the Company Act.

Article 9: If a shareholders’ meeting is convened for by the Board of Directors, the meeting agenda is to be set by the Board of Directors. Relevant motions (including extraordinary motions and amendments to original motions) should be decided by voting, and the meeting shall be held according to the agenda; without a decision made through a shareholders’ meeting, it may not be changed.

If the Meeting is convened by any other person entitled to convene the Meeting, the preceding paragraph shall apply mutatis mutandis. If the chairman declares the adjournment of the meeting in a manner in violation of such rules governing the proceedings of meetings, a new chairman of the meeting may be elected by a resolution to be adopted by a majority of the voting rights represented by the shareholders attending the said meeting to continue the proceedings of the meeting.

The chairperson may not declare the meeting adjourned prior to completion of deliberation on the meeting agenda of the preceding two paragraphs (including extempore motions).

After close of the said meeting, shareholders shall not elect another chairperson to hold another meeting at the same place or at any other place.

Article 10: When a shareholder present at 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 Attendance Card) and the name of the shareholder. The sequence of speeches by shareholders should be decided by the chairman.

If any shareholder present 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 11: Unless otherwise permitted by the chairman, each shareholder shall not, for each discussion item, speak more than two times (each time not exceeding 5 minutes).

In case the speech of any shareholder violates the above provision or exceeds the scope of the discussion item, the chairman may stop the speech of such shareholder.

Article 12: Any legal entity designated as proxy by a shareholder(s) to be present at the Meeting may appoint only one representative to attend the Meeting.

If a corporate shareholder designates two or more representatives to attend the Meeting, only one representative can speak for each discussion item.

Article 13: After the speech of a shareholder, the chairman may respond himself/herself or appoint an appropriate person to respond.

Article 14: For proposals and amendments or extraordinary motions brought forth by shareholders, the chairperson shall give them opportunities to provide sufficient information and discuss. If the said proposals and amendments have fulfilled regulatory requirements and may be submitted for voting, it may be announced that discussions shall stop and voting shall begin, and an appropriate voting time shall be arranged.

Article 15: The person(s) to check and the person(s) to record the ballots during a vote by casting ballots shall be appointed by the chairman. The person(s) checking the ballots shall be a shareholder(s).

The votes cast at a shareholders' meeting or votes for motions shall be counted openly at the venue where the shareholders' meeting is held, and the result of voting shall be announced at the Meeting and placed on record.

The election of directors at a shareholders' meeting shall be held in accordance with the applicable election and appointment rules adopted by this Corporation. The voting results shall be announced on-site immediately, including the names of those elected as directors and the numbers of votes with which they were elected and the list of unsuccessful directors and the number of votes they received.

The ballots for the election referred to in the preceding paragraph shall be sealed with the signatures of the monitoring personnel and kept in proper custody for at least one year.

If, however, a shareholder files a lawsuit pursuant to Article 189 of the Company Act, the ballots shall be retained until the conclusion of the litigation.

Article 15-1: Where voting rights are exercised in a written or electronic form, the method of exercise shall be specified in the shareholders' meeting notice.

A shareholder exercising voting rights in a written or electronic form will be deemed to have attended the meeting in person. But to have waived his/her rights with respect to the extraordinary motions and amendments to original proposals of that meeting; it is therefore advisable that this Corporation avoid the submission of extraordinary motions and amendments to original proposals.

Instructions to exercise written or electronic votes specified in the preceding paragraph must be delivered to the Company at least two days before the shareholders' meeting. In the event of duplicate submissions, the earliest submission shall be taken into the record. Unless an explicit statement to revoke the previous declaration is made in a declaration which comes later.

After a shareholder has exercised voting rights by written or electronic form, in the event the shareholder intends to attend the shareholders' meeting in person, a written declaration of intent to retract the voting rights already exercised under the preceding paragraph shall be made known to this Corporation, by the same means by which the voting rights were exercised, before two business days before the date of the shareholders' meeting. If the notice of retraction is submitted after that time, the voting rights already exercised by written or electronic form shall prevail. When a shareholder has exercised voting rights both by written or electronic form written or electronic form and by appointing a proxy to attend a shareholders' meeting, the voting rights exercised by the proxy in the meeting shall prevail.

During voting, where the chairperson solicits and receives no dissent and shareholders who exercise their voting rights in an electronic form show no objection or abstention, the motion is deemed passed, with equivalent force as a resolution by vote.

Article 16: During the Meeting, the chairman may, at his discretion, set time for intermission.

In cases of force majeure events, the chairperson may decide to hold a meeting for the time being and announce the time for the meeting to continue, depending on the circumstances.

Before the agenda (including extraordinary motions) of a shareholders' meeting is completed yet the venue of the meeting cannot continue to be used, the shareholders' meeting may decide to find another place to continue with the meeting.

It may be decided whether the shareholders’ meeting shall be postponed or continued within five days as required by Article 182 of the Company Act.

Article 17: Except otherwise specified in the Company Act or the Articles of Incorporation of the Company, a resolution shall be adopted by a majority of the votes represented by the shareholders present at the Meeting. At the time of a vote, for each proposal, the chairperson or a person designated by the chairperson shall first announce the total number of voting rights represented by the attending shareholders, followed by a poll of the shareholders. After the conclusion of the meeting, on the same day it is held, the results for each proposal, based on the numbers of votes for and against and the number of abstentions, shall be entered into the MOPS.

Article 18: If there is amendment to or substitute for a discussion item, the chairman shall decide the sequence of voting for such discussion item, the amendment or the substitute. If any one of them has been adopted, the others shall be deemed vetoed and no further voting is necessary.

Article 19: The chairman may conduct the disciplinary officers or the security guard to assist in keeping order of the Meeting place. Such disciplinary officers or security guards shall wear badges marked “Disciplinary Officers” for identification purpose.

At the place of a shareholders’ meeting, if a shareholder attempts to speak through any device other than the public address equipment set up by the Company, the Chairperson may prevent the shareholder from so doing.

When a shareholder violates the rules of procedure and defies the chairperson’s correction, obstructing the proceedings and refusing to heed calls to stop, the chairperson may direct the proctors or security personnel to escort the shareholder from the meeting.

Article 20: Resolutions adopted at a shareholders’ meeting shall be recorded in the minutes of the meeting, which shall be affixed with the signature or seal of the chairperson of the meeting and shall be distributed to all shareholders of the company within twenty days after the close of the meeting. The meeting minutes may be produced and distributed in an electronic form.

The Company may distribute the meeting minutes of the preceding paragraph by means of a public announcement made through the MOPS.

The meeting minutes shall accurately record the year, month, day, and place of the meeting, the chairperson’s full name, the methods by which resolutions were adopted, and a summary of the deliberations and their voting results (including the number of voting rights), and disclose the number of voting rights won by each candidate in the event of an election of directors. The minutes shall be retained for the duration of the existence of the Company.

Article 21: On the day of a shareholders’ meeting, the Company shall compile in the prescribed format a statistical statement of the number of shares obtained by solicitors through solicitation and the number of shares represented by proxies. It shall make an express disclosure of the same at the place of the shareholders’ meeting.

Article 22: These Rules and Procedures shall be effective from the date it is approved by the Shareholders’ Meeting. The same applies in case of revision.

APPENDIX 9

KNH Enterprise Co., Ltd. Procedures for Election of Directors

Article 1: Unless otherwise provided in the Company Law or the Articles of Incorporation of this Company, the directors of this Company shall be elected in accordance with the rules specified herein.

Article 2: The election of directors of the Company shall apply the open cumulative voting method. Attendance card numbers printed on the ballots may replace the voters' names. Each share will have voting rights in a number equal to the directors to be elected, and may be cast for a single candidate or split among multiple candidates. The shareholders who exercise their voting rights in an electronic form shall exercise the same in the manner prescribed by the Company Act and the competent authority.

Article 3: Based on the number of directors specified in the Company's Articles of Incorporation, the voting rights of independent and non-independent directors shall be separately calculated, and the receiving ballots representing the highest number of voting rights shall be elected. When two or more persons receive the same number of votes, thus exceeding the specified number of positions, they shall draw lots to determine the winner, with the chairperson drawing lots on behalf of any person not in attendance.

When a government entity or a juristic person acts as a shareholder of the Company, except with the approval of the competent authority, Paragraph 2 of Article 27 of the Company Law shall not apply, and a representative of the government entity or juristic person may not concurrently be selected or serve as the director of the Company.

The Company's election of directors shall apply the candidate nomination system pursuant to Article 192-1 of the Company Act. Independent directors and non-independent directors shall be nominated separately.

The qualification and election of the Company's independent directors shall comply with the "Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies".

Article 4: The overall composition of the board of directors shall be taken into consideration in the Company's election of directors. The composition of the Board of Directors shall be determined by taking diversity into consideration. Each board member shall have the necessary knowledge, skill, and experience to perform their duties. The abilities that must be present in the Board as a whole are as follows:

The ability to make judgments about operations.
Accounting and financial analysis ability.
Business management ability.
Crisis management ability.
Knowledge of the industry.
An international market perspective.
Leadership ability.

Decision-making ability.

More than a majority of the directors shall be persons who have neither a spousal relationship nor a relationship within the second degree of kinship with any other director.

Article 5: (Deleted)

Article 6: Before the election begins, the chairperson shall appoint a number of persons who are also shareholders to perform the respective duties of vote monitoring and counting personnel. The ballot box will be prepared by the Board of Directors, and shall be opened for inspection by the ballot examiner prior to voting.

Article 7: The ballots shall be prepared by the Company. The attendance certificate number and number of voting rights associated with each ballot shall be specified on the ballots, provided that no ballot is required to be prepared separately for the voter who exercises his voting right in an electronic form.

Article 8: (Deleted)

Article 9: Ballots shall be deemed void under the following conditions:

The ballot was not prepared by a person with the right to convene;
Blank ballots not completed by the voter;
Illegible writing or has been altered;
The candidate whose name is entered in the ballot does not conform to the director candidate list;
Other words or marks are entered in addition to the number of voting rights allotted.

Article 10: The ballots should be calculated during the meeting right after the vote casting and the results of the election should be announced by the Chairman at the meeting, including the name list of elected directors, and the votes won by them.

The ballots for the election referred to in the preceding paragraph shall be sealed with the signatures of the monitoring personnel and kept in proper custody for at least one year. If, however, a shareholder files a lawsuit pursuant to Article 189 of the Company Act, the ballots shall be retained until the conclusion of the litigation.

Article 11: The Company shall individually issue notifications to the directors elected.

Article 12: The matters not specified in these Regulations shall be duly handled in accordance with the Company Act, Articles of Incorporation of the Company and related laws and regulations.

Article 13: These Rules and any revision thereof shall become effective after approval at the shareholders’ meeting.

APPENDIX 10

KNH ENTERPRISE CO., LTD. Shareholding of Directors

Date: April 14, 2026

Job Title	Name	Number of shares	Shareholding ratio (%) (Note 1)
Chairman	Tai, Hwa-Ming	3,759,963	1.92
Director	Tai, Hsiu-Ling	1,343,487	0.69
Director	Hsieh, Shiu-Ling	1,103,000	0.56
Director	Lin, Min-Chen	425,745	0.22
Director	Tai, Hsiu-Ching	760,063	0.39
Director	Kang Yao Investment Co., Ltd. Representative :Tai, Chen-Fan	29,891,000	15.30
Director	Kang Yao Investment Co., Ltd. Representative :Tai, Fu-Jen	29,891,000	15.30
Independent Director	Hsu, Chiang	0	0
Independent Director	Hwang, Jen-Te	0	0
Independent Director	Ting, Pi-Hui	0	0
Independent Director	Hu, Yen-Jung	0	0
Shareholding of all Directors		37,283,258	19.08
Legal minimum shareholdings to be held by all directors (Note 2)		11,721,765

Note 1: The shareholding ratio in this table is calculated based on the total number of 195,362,750 shares issued by the Company as of the date for suspension of share transfer for the annual general meeting.
Note 2: The shareholdings held by all of the Company's directors comply with Article 26 of the Securities and Exchange Act and the subparagraph 3, Paragraph 1, and Paragraph 2 of Article 2 of the "Rules and Review Procedures for Director and Supervisor Share Ownership Ratios at Public Companies."

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KNH — AGM Information 2026

52785_rns_2026-05-21_c3f30a4c-ea4b-47ab-912f-009b7eb15a1c.pdf

2026 Annual General Shareholders’ Meeting Agenda Handbook

Notice to readers

Table of Contents

II. Meeting Agenda

KNH ENTERPRISE CO., LTD.

KNH ENTERPRISE CO., LTD. Business Report

Operating results in 2025

Business plans for 2026

The Company’s future development strategy, and the effect of external competition, legal environment and overall business environment

Audit Committee’s Review Report

REPORT OF INDEPENDENT ACCOUNTANTS TRANSLATED FROM CHINESE

Audit opinions

Basis for opinion

Key audit matters

Evaluation of inventories

Description

How our audit addressed the matter

Responsibilities of management and those charged with governance for the parent company only financial statements

Auditor’s responsibilities for the audit of the parent company only financial statements

REPORT OF INDEPENDENT ACCOUNTANTS TRANSLATED FROM CHINESE

Audit opinions

Basis for opinion

Key audit matters

Evaluation of inventories

Description

How our audit addressed the matter

Other matter – Parent company only financial reports

Responsibilities of management and those charged with governance for the consolidated financial statements

Auditor’s responsibilities for the audit of the consolidated financial statements

KNH ENTERPRISE CO., LTD.

KNH Enterprise Co., Ltd.

List of Directors & Independent Directors Candidate for the 20th Election

KNH ENTERPRISE CO., LTD.

Chapter 1. General Principles

Chapter 2. Shares

Chapter 3. Shareholders' Meeting

Chapter 4. Directors And Audit Committee

Chapter 5. General Manager

Chapter 6. Accounting

Chapter 7. Additional Provisions

KNH ENTERPRISE CO., LTD.

Rules of Procedure for Shareholders’ Meetings

KNH Enterprise Co., Ltd. Procedures for Election of Directors

KNH ENTERPRISE CO., LTD. Shareholding of Directors

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KNH AGM Information 2026