Stock Code: 1808

RUN LONG CONSTRUCTION CO., LTD.

2026 Annual Shareholders’ Meeting Meeting Handbook

Form of Shareholders’ Meeting: physical shareholders' meeting

Time: June 9, 2026 at 9:00 a.m.

Place of Shareholders’ Meeting: No.8 Zhifu Rd, Zhongshan District, Taipei City (Luma Hall, Dazhi Denwell Hotel)

Page

Meeting Agenda ... 1
Reported item(s) ... 2
Ratification item(s) ... 11
Discussion Item(s) ... 13
Extemporary Motions ... 14

Attachments

I. Issuance of Corporate Bonds ... 15
II. Independent Auditors’ Report and the 2025 Consolidated Financial Statements ... 17
III. Independent Auditors’ Report and the 2025 Parent Company Only Financial Statements ... 26

Appendix

I. Articles of Incorporation ... 35
II. Rules of Procedures for Shareholders’ Meeting ... 45
III. Shareholdings of Directors ... 61

RUN LONG CONSTRUCTION CO., LTD.
2026 Annual Shareholders’ Meeting Agenda

Time: June 9, 2026 (Tuesday) at 9:00 a.m.

Venue: No. 8 Zhifu Rd., Zhongshan District, Taipei City (Luma Hall, Dazhi Denwell Hotel)

Agenda

I. Call the meeting to order (Report the number of shares attending)

II. Chairman’s Address

III. Reported Item(s)

(I) 2025 Business Report.

(II) 2025 Audit Report of the Audit Committee.

(III) Report on the distribution status for the 2025 remuneration to employees and directors.

(IV) Report on the distribution of cash dividends from the 2025 earnings.

(V) Report on the issuance of corporate bonds.

IV. Ratification Item(s)

(I) Proposal for the Company’s 2025 business report and financial statements.

(II) Proposal for the Company’s 2025 earnings distribution.

V. Discussion Item(s)

(I) Proposal for the Company to conduct a capital reduction payments to shareholders through cash refund.

VI. Extemporary Motions

VII. Adjournment

Reported item(s)

Item I

Proposal: 2025 Business Report for review.

Explanation: The Company’s 2025 Business Report is as follows:

Dear Shareholders,

On behalf of all employees of Run Long Construction, I would like to extend a warm welcome and express our sincere appreciation for your continued support over the past year.

Looking back on 2025, Taiwan’s export performance remained robust, benefiting from the global wave of artificial intelligence (AI) and the competitive advantages of advanced semiconductor manufacturing. The technology sector delivered strong earnings growth, while the capital market, driven by AI-related momentum, saw the index approach the 30,000-point level at one point. Overall economic momentum remained steady. Taiwan’s GDP per capita reached USD 37,827 (approximately NT$1.19 million), surpassing South Korea for the first time in 23 years and exceeding Japan for the second consecutive year, ranking fourth among Asian economies. However, amid a broader trend of competitive currency depreciation across Asia, the New Taiwan dollar fluctuated around NT$31.5 against the U.S. dollar. Such exchange rate volatility generated both positive and negative impacts on foreign exchange gains and losses for the electronics sector as well as traditional industries.

In the real estate market, adjustments in the economic cycle and the Central Bank’s seventh round of selective credit controls led to a notable contraction in investment-driven demand. Some capital shifted toward the equity and foreign exchange markets, resulting in a temporary slowdown in overall transaction volume. In September 2025, the government moderately relaxed the eligibility criteria for the Preferential Housing Loan Program for Young Homebuyers,

injecting renewed liquidity into the market. Since October 2025, the housing market has shown signs of stabilization, with transaction volumes ceasing to decline, although the pace of recovery remains limited.

Looking ahead to 2026, the Central Bank has resolved to return mortgage lending controls to banks' autonomous management, which may ease the current tightening in housing loans. Nevertheless, the seventh round of selective credit controls remains in place. Future housing market performance over the coming six months will continue to be influenced by policy direction, regulatory constraints on developers, including the 18-month construction commencement requirement and loan-to-value limits of 30% to 40% for second-home purchases, as well as progress in policies governing the disposal of surplus construction soil and materials. Overall, the market is expected to remain in a period of adjustment in the near term.

Under the continued policy and financial constraints, housing demand is expected to remain primarily end-user driven. Run Long will continue to focus on projects with prime locations and relatively affordable total prices. Its product portfolio includes compact residential units, "small two-bedroom" layouts, and flexible "2+1-bedroom" configurations, designed to meet the practical needs of first-time homebuyers and upgraders, thereby supporting the Company's steady operational growth.

Projects launched by its subsidiary, Jin Jyun Construction Co., Ltd., including the "Yue Du Ye Lu" development in Tainan introduced in the second half of 2025, are still being actively sold. In 2026, Run Long plans to launch new projects, including "Dang Dai Yi Di" in Xitun District, Taichung; "Anping Jincheng" in Tainan; and "Lingya Chenggong" in Kaohsiung. All sites are located in major metropolitan areas, and their sales performance looks promising. Run Long will also continue to deepen its land development efforts in central and southern Taiwan while actively evaluating urban renewal opportunities in northern Taiwan to enhance overall development efficiency.

In addition, the documentary A Green Promise, produced in collaboration with the Taiwan Creative Content Agency, was submitted to the 9th Golden Eagle Awards in 2025. The film stood out among 173 entries from 150 organizations,

winning both the Gold Award and the Best Environmental Resource Microfilm Award, and it received unanimous recognition from the judging panel. The documentary has not only enhanced Run Long's visibility in the field of sustainability but also fostered greater public understanding and discussion of urban development and ecological conservation, positioning cultural storytelling as an important medium for corporate sustainability communication.

Finally, we extend our sincere appreciation to all employees for their dedication and hard work. In 2025, projects such as “Jing’an Wenhui” in New Taipei City; “Xinyi Fujian” in Taipei; and “VVS1” and “Shicheng Aiyue” in Taichung were successively completed and delivered. In 2026, projects scheduled for completion include “Windsor Castle” in Taoyuan and “Run Long Park Hyatt” in Tainan. Run Long will continue to uphold its pragmatic and steady management philosophy, striving to create long-term, stable investment value and favorable returns for shareholders.

The Company’s operating results for 2025 are summarized as follows:

Implementation results of the 2025 business plan:

(1) The Company’s consolidated net operating revenue for 2025 amounted to NT$6,495,857 thousand, representing a decrease of NT$2,292,114 thousand compared to NT$8,787,971 thousand in 2024.

(2) The Company’s consolidated profit before tax for 2025 amounted to NT$1,682,515 thousand, representing a decrease of NT$1,070,552 thousand compared to NT$2,753,067 thousand in 2024.

(3) The decrease was primarily attributable to the concentration of occupancy permit approvals for newly completed projects in the third and fourth quarter of 2025, which deferred the timing of revenue recognition for construction projects. As a result, both operating revenue and net operating income for the year decreased compared to 2024.

Budget implementation status:

In accordance with the “Regulations Governing the Preparation of Financial Forecasts by Public Companies,” the Company is not required to prepare financial forecasts for 2025.

Financial position and profitability analysis:

(Expressed in Thousands of New Taiwan Dollar)

| Year
Item | | 2025 | 2024 |
| --- | --- | --- | --- |
| Financial income and expenses | Net operating income | 6,495,857 | 8,787,971 |
| | Gross profit from operations | 2,516,809 | 3,967,948 |
| | Profit after tax | 1,301,352 | 2,257,970 |
| Solvency | Current ratio (%) | 152.74 | 172.96 |
| | Quick ratio (%) | 37.80 | 48.98 |
| Profitability | Return on assets (%) | 3.69 | 5.82 |
| | Return on equity (%) | 9.50 | 16.09 |
| | Operating profit to paid-in capital ratio (%) | 19.94 | 29.08 |
| | Pre-tax net profit to paid-in capital ratio (%) | 18.84 | 27.74 |
| | Net profit rate (%) | 20.03 | 25.69 |
| | Earnings per share (NT$) | 1.36 | 2.28 |

Note: Consolidated information of the Company and its subsidiaries.

Status of research and development:

(1) Architectural planning and design:

① Residential developments are primarily designed for first-time homebuyers and upgraders, focusing on medium- to small-sized units with two- to three-bedroom layouts. Emphasis is placed on safe and healthy building materials, with careful consideration of practical living needs, striving to balance aesthetic design with functional efficiency.

② In response to the global transition away from fuel-powered vehicles and the increasing adoption of electric vehicles, integrated EV charging infrastructure is incorporated at the planning stage of new projects. This includes reserving conduits, meters, and power distribution boxes required for charging spaces, facilitating future installation of charging stations and related wiring by residents.

③ Integrated bathroom systems are adopted, utilizing factory prefabrication and on-site assembly to enhance quality consistency and waterproofing performance while effectively shortening construction timelines. Compared to traditional on-site construction methods, this approach offers superior efficiency and quality.

④ The Company actively promotes net zero and low-carbon building strategies by prioritizing the use of low-carbon materials such as low-carbon cement, recycled steel, and locally sourced materials during the planning stage. Life cycle assessment (LCA) is also conducted to evaluate the building’s overall carbon footprint and reduce the environmental impact.

⑤ Energy-efficient building envelope design is strengthened by improving the thermal insulation performance of exterior walls and incorporating natural lighting and ventilation strategies. These measures effectively reduce energy consumption and carbon emissions, address future building carbon disclosure requirements, and enhance the Company’s long-term competitiveness.

(2) Construction engineering and management:

① During construction, the Company actively implements pollution control measures for air, water, noise, and waste to minimize the environmental impact. It also emphasizes the protection of natural site ecology and promotes environmentally friendly construction practices.

② In response to domestic labor shortages and rising wage levels, the Group continues to advance the application of BIM (Building Information Modeling) through its construction information center. This is complemented by the adoption of prefabrication methods, aluminum formwork, pre-assembled rebar columns, and robotic material handling technologies to enhance construction efficiency and quality. Although the introduction of new technologies may increase costs, they can be widely applied across project sites in northern, central, and southern Taiwan, achieving both efficiency and environmental benefits while improving overall construction capabilities and project quality.

③ Low-carbon and recycled materials are adopted in construction methods, alongside the implementation of energy-saving and

carbon-reduction measures during construction, in alignment with the ESG disclosure requirements and government sustainability policies while enhancing corporate image and sustainable competitiveness.

④ To strengthen supply chain management and construction safety, the Company implements key supplier evaluation and backup mechanisms, and enhances occupational safety training and on-site inspections. These measures help mitigate risks related to project delays, material shortages, and workplace safety incidents, thereby improving project management effectiveness and reducing operational risks.

(3) Market research and development:

① The Group has introduced AI-enabled services on its official website to provide consumers with more diverse and smarter service offerings. Through interactive smart processes, users are assisted in quickly identifying products that meet their needs and completing online appointment bookings for property viewings.

② In response to the digital and social media era, the Group leverages online media channels to engage diverse customer segments, integrating brand values and product features into multimedia content to enhance communication and reinforce brand positioning.

③ Amid policy adjustments, a cooling housing market, and increasing cost and labor pressures in the construction industry, the Group continues to explore sustainable growth strategies through diversified product portfolio planning and a reassessment of the supply chain and cost structures, ensuring long-term development and stable growth.

④ The Group continues to refine the after-sales service processes, extending service quality beyond project delivery. It actively addresses customer needs and issues following handover, thereby enhancing customer satisfaction and strengthening brand trust.

Chairperson:

Managerial Officer:

Head of Accounting:

Item II

Proposal: 2025 Audit Committee Report for review.

Explanation: The 2025 Audit Committee Report is presented as follows:

RUN LONG CONSTRUCTION CO., LTD.

Audit Committee Review Report

The Board of Directors has submitted the Company’s 2025 business report, financial statements (including consolidated financial statements) and the proposal for earnings distribution; among these, the financial statements (including consolidated financial statements) have been audited by the attesting CPAs Yi-lien Han and Emily Tsou of KPMG and a formal audit report has been duly issued. The said business report, financial statements and the proposal for earnings distribution have been audited by the Audit Committee, with no discrepancy found. The findings are hereby reported in accordance with the relevant provisions of the Securities and Exchange Act and the Company Act for your review and acknowledgement.

Regards,

RUN LONG CONSTRUCTION CO., LTD.

Audit Committee Convener: Chou, I-Chiang

April 22, 2026

Item III

Proposal: Report on the distribution status for the 2025 remuneration to employees and directors for review.

Explanation:

I. In accordance with Article 29 in the Company’s “Articles of Incorporation,” if there is a profit within the Company in the year, no less than one-thousandth of the profit shall be set aside as remuneration to employees (of which no less than 10% shall be distributed to junior employees), and no more than one-hundredth of the profit to directors.

II. The Board of Directors has resolved to distribute NT$18,000,000 in cash as employee remuneration (approximately 1.06%) and NT$7,000,000 as directors’ remuneration (approximately 0.41%) for the year 2025.

III. The amounts proposed for distribution were estimated based on figures in the Company’s financial statements and are consistent with the amounts recognized in the 2025 expense estimates.

Item IV

Proposal: Report on the distribution of cash dividends from the 2024 earnings for review.

Explanation:

I. In accordance with Article 29-1 of the Company’s “Articles of Incorporation,” the Board of Directors is authorized to resolve the distribution of all or part of the dividends and bonuses or legal reserve and capital surplus in cash.

II. The proposed appropriation of earnings totaling NT$1,339,547,615 will be allotted, with cash dividends of NT$1.5 per share (e.g. NT$1,500 per 1,000 shares). The cash dividends are calculated up to NT$1.0, decimal points are not accounted for. The total uncounted shares in fractions of NT$1.0 shall be listed as other income of the Company.

III. This proposal has been approved by the Board of Directors, and the Chairperson is authorized to determine the ex-dividend date, payment date, and other relevant matters. In case of changes to laws and regulations or adjustments made by competent agencies or the buyback, cancellation, share exchange of corporate bonds, issuance of new stocks or other changing factors affecting the shares by the Company afterward, resulting in changes to the current number of shares and pay-out ratio, full authorization shall be given to Chairperson to fully handle these matters.

Item V

Proposal: Report on the issuance of corporate bonds for review.

Explanation:

I. On September 2, 2025, the Taipei Exchange (TPEx) approved the Company’s first issuance of domestic secured ordinary corporate bonds for the year under Letter Zheng-Gui-Zhai-Zi No. 11400077772, with a total issuance amount of NT$2 billion.

II. On January 6, 2026, the Taipei Exchange (TPEx) approved the Company’s first issuance of domestic secured ordinary corporate bonds for the year under Letter Zheng-Gui-Zhai-Zi No.11400110092, with a total issuance amount of NT$1.5 billion.

III. For details regarding the above bond issuances, please refer to Attachment I on pages 15-16 of this handbook.

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Ratification item(s)

Item I: Proposed by the Board of Directors

Proposal: The Company’s Business Report and Financial Statements for 2025 are proposed for adoption.

Explanation:

I. The Company’s parent company and consolidated financial statements for 2024 have been audited by CPAs Yi-lien Han and Emily Tsou of KPMG Taiwan, who issued an audit report. Said financial statements, together with the Business Report (refer to pages 2 to 7 of this handbook), have been duly reviewed and approved by the Audit Committee.

II. For the auditors’ report and financial statements, please refer to Attachments II and III on pages 17 to 34 of this handbook.

Item II: Proposed by the Board of Directors

Proposal: The Company’s 2025 earnings distribution is proposed for recognition.

Explanation:

I. The Company’s net income after tax for 2025 was NT$1,301,352,328. After adding the beginning balance of undistributed earnings of NT$218,810,300 and deducting the legal reserve of NT$130,135,233, the distributable earnings for the year amounted to NT$1,390,027,395.

II. The 2025 earnings distribution table is as follows:

UN LONG CONSTRUCTION CO., LTD.
2025 Earnings Distribution Table

Unit: NT$

Item	Amount
	Subtotal	Total Amount
Beginning balance of undistributed earnings		218,810,309
Add: Current net profit after tax	1,301,352,328
Less: 10% legal reserve set aside	(130,135,233)
Distributable earnings		1,390,027,395
Less: Distribution this period (Note):
Dividend to shareholders - cash (NT$1.5/share)	(1,339,547,615)
End balance of undistributed earnings		50,479,780

Note: The cash dividend distribution has been resolved by the Board of Directors and is presented to the shareholders for reporting purposes.

Chairperson: Managerial Officer: Head of Accounting:

Resolution:

Discussion Item(s)

Item I: Proposed by the Board of Directors

Proposal: Capital reduction payments to shareholders through cash refund are proposed for resolution.

Explanation:

I. To optimize the capital structure and enhance return on equity for shareholders, the Company proposes a cash capital reduction to refund capital to shareholders.

II. The proposed capital reduction amount is NT$1,786,063,500, corresponding to the cancellation of 178,606,350 shares. Based on the Company’s current total issued common shares of 893,031,743 shares, the reduction rate is approximately 20%. After reduction, the total number of issued shares will be 714,425,393, with a par value of NT$10 per share, resulting in a revised paid-in capital of NT$7,144,253,930. The full amount of the reduced capital will be refunded in cash to shareholders in proportion to their shareholding.

III. Based on the current total number of issued shares, each 1,000 shares will be exchanged for 800 shares (i.e., a reduction of 200 shares per 1,000 shares), with NT$2 in cash refunded per cancelled share. Shareholders holding fractional shares resulting from the capital reduction may apply for share consolidation at the Company’s stock affairs agent during the five business days prior to, and including, the day before the book closure date. Any remaining odd-lot shares that cannot be consolidated into whole shares will be refunded in cash based on par value, rounded down to the nearest whole NT dollar. The Chairperson is authorized to negotiate with specific parties for the purchase of such odd-lot shares at par value. For the shareholders engaging in the issuance of stocks by book-entry, the shares in fractions of 1 shall be served as the payout on the expenses for handling the book-entries.

IV. The new shares issued as part of this capital reduction will be in non-physical (dematerialized) form and shall carry the same rights and obligations as previously issued common shares.

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V. Upon approval by the shareholders' meeting and effective registration with the competent authority, the Chairperson is authorized to determine the record date for capital reduction and the record date for share exchange, as well as to handle all other relevant matters. In the event of changes in laws or adjustments by competent authorities, or should the number of outstanding shares be affected due to events such as share buybacks, cancellations, bond conversions, new share issuances, or other changes in capital structure, the Chairperson shall be fully authorized to make all necessary adjustments to the shareholder capital reduction ratio and related matters.

Resolution:

Extemporary Motions

Adjournment

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Attachment I

Issuance of Corporate Bonds
April 11, 2026

Type of Corporate Bonds		2025 1st Secured Ordinary Corporate Bond (Code: B85113)
Issuance (handling) date		September 3, 2025
Denomination		NT$1,000,000
Place of issuance and trading (Note)		Not applicable.
Issuing price		At face value
Total		NT$2 billion in total
Interest rate		Coupon rate: fixed rate at 2.05% per annum
Period		3-year period, maturity date: September 3, 2028
Guarantee Organization		Far Eastern International Bank Co., Ltd.
Trustee		Land Bank of Taiwan Co., Ltd.
Underwriting institution		Hua Nan Securities Co., Ltd
Certified Lawyer		Zhong-Jie Wei
Certified Public Accountant		Yi-lien Han
Reimbursement Method		Bullet repayment at maturity
Outstanding principal amount		NT$2,000,000,000
Redemption and Advanced Redemption Provisions		Not applicable.
Restrictions		None
Credit rating agency, assessment date and results		Not applicable.
Other rights attached	Amount of Converted (Exchanged or Subscribed) Ordinary shares, Overseas Depository Receipts or Other Negotiable Securities	Not applicable.
	Issuance and Conversion (Exchange or Subscription) Method	Please refer to the prospectus for the Company’s first issuance of secured ordinary corporate bonds in 2025.
Potential impact of issuance, conversion, exchange, subscription, or issuing method and conditions on the dilution of equity and existing shareholders’ rights		Please refer to the prospectus for the Company’s first issuance of secured ordinary corporate bonds in 2025.
Name of the Custodian Institution for Underlying Exchange		Not applicable.

Note: Filled in by overseas bond holders

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Issuance of Corporate Bonds

April 11, 2026

| Type of Corporate Bonds | | 2026 1st Secured Ordinary Corporate Bonds
(Code: B85114) |
| --- | --- | --- |
| Issuance (handling) date | | January 8, 2026 |
| Denomination | | NT$1,000,000 |
| Place of issuance and trading (Note) | | Not applicable. |
| Issuing price | | At face value |
| Total | | NT$1.5 billion in total |
| Interest rate | | Coupon rate: fixed rate at 1.88% per annum |
| Period | | 5-year period, maturity date: January 8, 2031 |
| Guarantee Organization | | Hua Nan Commercial Bank, Ltd. |
| Trustee | | Land Bank of Taiwan Co., Ltd. |
| Underwriting institution | | Hua Nan Securities Co., Ltd |
| Certified Lawyer | | Zhong-Jie Wei |
| Certified Public Accountant | | Yi-lien Han |
| Reimbursement Method | | Bullet repayment at maturity |
| Outstanding principal amount | | NT$1,500,000,000 |
| Redemption and Advanced Redemption Provisions | | Not applicable. |
| Restrictions | | None |
| Credit rating agency, assessment date and results | | Not applicable. |
| Other rights attached | Amount of Converted (Exchanged or Subscribed) Ordinary shares, Overseas Depository Receipts or Other Negotiable Securities | Not applicable. |
| | Issuance and Conversion (Exchange or Subscription) Method | Please refer to the prospectus for the Company’s first issuance of secured ordinary corporate bonds in 2026. |
| Potential impact of issuance, conversion, exchange, subscription, or issuing method and conditions on the dilution of equity and existing shareholders’ rights | | Please refer to the prospectus for the Company’s first issuance of secured ordinary corporate bonds in 2026. |
| Name of the Custodian Institution for Underlying Exchange | | Not applicable. |

Note: Filled in by overseas bond holders

Attachment II

KPMG

安侯建業聯合會計師事務所

KPMG

台北市110615信義路5段7號68樓(台北101大樓)

68F., TAIPEI 101 TOWER, No. 7, Sec. 5,

Xinyi Road, Taipei City 110615, Taiwan (R.O.C.)

電話 Tel +886 2 8101 6666

傳真 Fax +886 2 8101 6667

網址 Web kpmg.com/tw

Independent Auditors’ Report

To the Board of Directors of Run Long Construction Co., Ltd.:

Opinion

We have audited the consolidated financial statements of Run Long Construction Co., Ltd. and its subsidiaries (“the Group”), which comprise the consolidated balance sheets as of December 31, 2025 and 2024, the consolidated statements of comprehensive income, changes in equity and cash flows for the years then ended and notes to the consolidated financial statements, including a summary of significant accounting policies.

In our opinion, the 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 its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and with the International Financial Reporting Standards (“IFRSs”), International Accounting Standards (“IASs”), Interpretations developed by the International Financial Reporting Interpretations Committee (“IFRIC”) or the former Standing Interpretations Committee (“SIC”) endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

Basis for Opinion

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

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements for the year ended December 31, 2025. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report.

Appropriateness of the timing of revenue recognition from building and land sales

Please refer to note 4(n), and 6(s) of the consolidated financial statements for the accounting policy on revenue recognition and the details of revenue.

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Description of key audit matter

The real estate industry, in which the Group is into, is recognized its sales revenue upon the transfer of ownership of the real estate and the actual delivery of the housing unit. Since there is a large number of sales of premises in the construction industry, in order to confirm the validity of the timing of the sales revenue recognition, the Group needs to examine the transfer of ownership and delivery housing data for all of transaction to recognize the sales revenue, which usually involves tremendous manual efforts. Therefore, the recognition of sales revenue is one of the most important evaluation in performing our audit procedures.

Auditing procedures performed

Our principal audit procedures included the following:

We test the effectiveness of the design and implementing the internal control system of sales revenue.
Perform substantive tests, sample inspections of sales contracts, real estate ownership transfer documents and delivery housing data, and check sales data and general ledger details.
Test the samples of sales transaction before and after the end of the year to ensure the correctness of sales revenue.
Inventory valuation

Please refer to note 4(g), 5, and 6(d) of the consolidated financial statements for the accounting policies on measuring inventory, assumption used, and uncertainties considered in determining the net realizable value and the details of inventory.

Description of key audit matter

The inventory of Group is an important asset for operations, and its amount accounts for 68% of the total assets; the inventory evaluation is handled in accordance with the International Accounting Standards Bulletin No. 2, if the net realizable value evaluation is inappropriate, it will cause false expression in financial reports. Therefore, the inventory evaluation test is one of the important evaluation items for the accountant to perform the Group's financial report audit.

Auditing procedures performed

Our principal audit procedures included the following: We understand the Group's operating and accounting procedures for inventory valuation; Obtain the Group management's data of inventory valuation; verify and inspect market value of the afore mentioned information. The net realizable value can be assessed in the following ways: through reviewing the recent selling price of the premises, by inquiring the selling price of premises nearby from the "Actual Selling Price of Real Estate" website, or by obtaining project investment analysis tables, inspecting and recalculating the net realizable value of inventory to ensure if it is adequate.

Other Matter

Run Long Construction Co., Ltd. has additionally prepared its parent-company-only financial statements as of and for the years ended December 31, 2025 and 2024, on which we have issued an unmodified opinion.

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 Regulations Governing the Preparation of Financial Reports by Securities Issuers and IFRSs, IASs, interpretation as well as related guidance endorsed by the Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

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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.

Auditors’ 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 Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the 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 auditors’ 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 auditors’ 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 disclosures, whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient and appropriate audit evidence regarding the financial information of the 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.

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.

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

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

The engagement partners on the audit resulting in this independent auditors' report are Han, Yi-Lien and Tsou, Yi-Yun.

KPMG

Taipei, Taiwan (Republic of China)

March 10, 2026

Notes to Readers

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

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

20 -

(English Translation of Consolidated Financial Statements and Report Originally Issued in Chinese)
RUN LONG CONSTRUCTION CO., LTD. AND SUBSIDIARIES
Consolidated Balance Sheets
December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)

Assets	December 31, 2025		December 31, 2024		Liabilities and Equity	December 31, 2025		December 31, 2024
		Amount	%	Amount			%	Amount	%	Amount	%
Current assets:						Current liabilities:
1100	Cash and cash equivalents (note 6(a))	$ 5,381,377	9	6,477,170	13	2100	Short-term borrowings (note 6(i))	$ 16,476,647	29	17,451,932	34
1120	Current financial assets at fair value through other comprehensive income (notes 6(b) and 8)	745,347	1	767,243	1	2110	Short-term notes and bills payable (note 6(i))	5,643,564	10	2,233,739	5
1140	Current contract assets (note 6(s))	956	-	107	-	2130	Current contract liabilities (notes 6(s), 7 and 9)	4,233,582	8	3,656,986	7
1150	Notes receivable, net (notes 6(c) and 8)	376,911	1	357,713	1	2150	Notes payable	5,426	-	-	-
1170	Accounts receivable, net (note 6(c))	1,278,771	2	2,205	-	2170	Accounts payable	4,086,301	7	2,775,748	6
1200	Other receivables (notes 6(v) and 7)	4,203	-	3,201	-	2180	Accounts payable to related parties (note 7)	1,057	-	666	-
1220	Current tax assets	1,034	-	1,117	-	2200	Other payables (notes 6(q) and 7)	415,398	1	564,404	1
1320	Inventories (for construction business), net (notes 6(d), 7 and 8)	38,336,914	68	33,241,816	64	2230	Current tax liabilities (note 6(p))	192,291	-	81,697	-
1410	Prepayments	339,320	1	299,064	1	2250	Current provisions (notes 6(m) and (o))	118,010	-	78,220	-
1476	Other current financial assets (notes 6(h), 7 and 8)	3,866,702	7	4,443,052	9	2280	Current lease liabilities (note 6(l))	50,794	-	76,693	-
1479	Other current assets, others	69,163	-	51,111	-	2322	Bonds payable, current portion or putable bonds (note 6(k))	1,999,647	4	-	-
1480	Current assets recognized as incremental costs to obtain contract with customers (note 6(h))	995,767	2	1,148,571	2	2399	Long-term borrowings, current portion (note 6(j))	27,054	-	26,409	-
		51,396,465	91	46,792,370	91		Other current liabilities, others (note 7)	398,436	1	106,679	-
Non-current assets:						Non-Current liabilities:
1600	Property, plant and equipment (note 6(e))	230,586	-	228,246	-	2530	Bonds payable (note 6(k))	9,479,109	17	9,492,424	18
1755	Right-of-use assets (note 6(f))	54,866	-	92,250	-	2541	Long-term borrowings (note 6(j))	214,222	-	241,276	1
1760	Investment property, net (notes 6(g) and 8)	919,068	2	936,115	2	2550	Non-current provisions (note 9(b))	145,780	-	167,080	-
1780	Intangible assets	15,969	-	15,410	-	2570	Deferred tax liabilities (note 6(p))	2,844	-	2,844	-
1840	Deferred tax assets (note 6(p))	21,912	-	13,912	-	2580	Non-current lease liabilities (note 6(l))	4,238	-	16,540	-
1984	Other non-current financial assets, others (notes 6(h) and 8)	3,350,281	6	3,081,688	6			9,846,193	17	9,920,164	19
1990	Other non-current assets, others (notes 6(c), (v) and 8)	349,859	1	353,270	1			43,494,400	77	36,973,337	72
		4,942,541	9	4,720,891	9
						3110	Ordinary share	8,930,317	16	9,922,575	19
						3200	Capital surplus	26,736	-	24,737	-
						3300	Retained earnings	3,600,236	6	4,283,399	8
						3400	Other equity interest	287,317	1	309,213	1
								12,844,606	23	14,539,924	28
Total assets		$ 56,339,006	100	51,513,261	100	Total liabilities and equity		$ 56,339,006	100	51,513,261	100

See accompanying notes to consolidated financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
RUN LONG CONSTRUCTION CO., LTD. AND SUBSIDIARIES
Consolidated Statements of Comprehensive Income
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars, Except for Earnings Per Common Share)

	2025		2024
		Amount	%	Amount	%
Operating Revenues (notes 6(n), (s) and 7):
4511	Construction revenue	$ 6,472,216	100	8,739,458	100
4521	Engineering service revenue	1,182	-	26,568	-
4800	Other operating revenue	22,459	-	21,945	-
		6,495,857	100	8,787,971	100
5000	Operating costs (note 7)	3,979,048	61	4,820,023	55
	Gross profit from operations	2,516,809	39	3,967,948	45
Operating expenses:
6100	Selling expenses (notes 6(h), (t) and 7)	422,693	7	729,493	8
6200	Administrative expenses (notes 6(t) and 7)	312,977	5	352,327	4
		735,670	12	1,081,820	12
	Operating income	1,781,139	27	2,886,128	33
Non-operating income and expenses (notes 6(u) and 7):
7100	Interest income	75,772	1	84,072	1
7010	Other income	51,260	1	28,706	-
7020	Other gains and losses	32,701	1	(96,841)	(1)
7050	Finance costs	(258,357)	(4)	(148,998)	(2)
	Total non-operating income and expenses	(98,624)	(1)	(133,061)	(2)
	Profit from continuing operations before tax	1,682,515	26	2,753,067	31
7950	Less: Income tax expenses (note 6(p))	381,163	6	495,097	5
	Profit	1,301,352	20	2,257,970	26
8300	Other comprehensive income:
8310	Components of other comprehensive income that will not be reclassified to profit or loss
8316	Unrealized gains from (losses on) investments in equity instruments measured at fair value through other comprehensive income	(21,896)	-	123,526	1
8300	Other comprehensive income (net after tax)	(21,896)	-	123,526	1
8500	Total comprehensive income	$ 1,279,456	20	2,381,496	27
	Earnings per share (note 6(r))
9750	Basic earnings per share (NT dollars)	$	1.36		2.28
9850	Diluted earnings per share (NT dollars)	$	1.36		2.27

See accompanying notes to consolidated financial statements.

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(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
RUN LONG CONSTRUCTION CO., LTD. AND SUBSIDIARIES
Consolidated Statements of Changes in Equity
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)

Balance on January 1, 2024
Profit
Other comprehensive income
Total comprehensive income
Appropriation and distribution of retained earnings:
Legal reserve appropriated
Cash dividends of ordinary share
Stock dividends of ordinary share
Other changes in capital surplus
Balance on December 31, 2024
Profit
Other comprehensive income
Total comprehensive income
Appropriation and distribution of retained earnings:
Legal reserve appropriated
Cash dividends of ordinary share
Capital reduction by cash
Other changes in capital surplus
Balance on December 31, 2025

Equity attributable to owners of parent

| Share capital | Retained earnings | | | | | Total other equity interest
Unrealized gains (losses) on financial assets measured at fair value through other comprehensive income | Total equity |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | Ordinary shares | Capital surplus | Legal reserve | Unappropriated retained earnings | Total retained earnings | | |
| $ 4,510,261 | 23,854 | 1,084,122 | 7,706,699 | 8,790,821 | 185,687 | 13,510,623 | |
| - | - | - | 2,257,970 | 2,257,970 | - | 2,257,970 | |
| - | - | - | - | - | 123,526 | 123,526 | |
| - | - | - | 2,257,970 | 2,257,970 | 123,526 | 2,381,496 | |
| - | - | 770,155 | (770,155) | - | - | - | |
| - | - | - | (1,353,078) | (1,353,078) | - | (1,353,078) | |
| 5,412,314 | - | - | (5,412,314) | (5,412,314) | - | - | |
| | 883 | - | | | | 883 | |
| 9,922,575 | 24,737 | 1,854,277 | 2,429,122 | 4,283,399 | 309,213 | 14,539,924 | |
| - | - | - | 1,301,352 | 1,301,352 | - | 1,301,352 | |
| - | - | - | - | - | (21,896) | (21,896) | |
| - | - | - | 1,301,352 | 1,301,352 | (21,896) | 1,279,456 | |
| - | - | 225,797 | (225,797) | - | - | - | |
| - | - | - | (1,984,515) | (1,984,515) | - | (1,984,515) | |
| (992,258) | - | - | - | - | - | (992,258) | |
| - | 1,999 | - | - | - | - | 1,999 | |
| $ 8,930,317 | 26,736 | 2,080,074 | 1,520,162 | 3,600,236 | 287,317 | 12,844,606 | |

See accompanying notes to consolidated financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
RUN LONG CONSTRUCTION CO., LTD. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)

	2025	2024
Cash flows from (used in) operating activities:
Profit before tax	$ 1,682,515	2,753,067
Adjustments:
Adjustments to reconcile profit (loss):
Depreciation	71,271	60,522
Amortization	4,799	5,699
Interest expense	258,357	148,998
Interest income	(75,772)	(84,072)
Dividend income	(35,316)	(8,026)
Loss (gain) on disposal of property, plant and equipment	2	(4)
Gain on disposal of investment properties	-	(34,302)
Gain on lease modifications	-	(16)
Total adjustments to reconcile profit (loss)	223,341	88,799
Changes in operating assets and liabilities:
(Increase) decrease in contract assets	(849)	27,358
(Increase) decrease in notes receivable	(19,900)	271,828
(Increase) decrease in accounts receivable	(1,276,566)	95,704
Increase in other receivables	(2,969)	(34)
Increase in inventories (construction)	(4,488,531)	(7,745,413)
Increase in prepayments	(53,429)	(238,251)
Increase in other current assets	(18,052)	(2,307)
Decrease (increase) in other financial assets—current	1,050,250	(1,245,257)
Decrease (increase) in assets recognized as incremental costs to obtain contract with customers	152,804	(218,617)
Increase in other financial assets—non-current	(75,346)	(4,284)
Decrease (increase) in other non-current assets	4,113	(303,779)
Increase in contract liabilities	576,596	1,120,877
Increase in notes payable	5,426	-
Increase (decrease) in accounts payable	1,310,553	(179,011)
Increase (decrease) in accounts payable to related parties	391	(2,448)
Decrease in other payables	(159,302)	(321,266)
Increase (decrease) in provisions	39,790	(2,436)
Increase (decrease) in other current liabilities	291,757	(116,761)
(Decrease) increase in provisions—non-current	(21,300)	167,080
Total adjustments	(2,461,223)	(8,608,218)
Cash outflow generated from operations	(778,708)	(5,855,151)
Income taxes paid	(278,486)	(1,833,752)
Net cash flows from (used in) operating activities	(1,057,194)	(7,688,903)

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(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
RUN LONG CONSTRUCTION CO., LTD. AND SUBSIDIARIES
Consolidated Statements of Cash Flows (CONT'D)
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)

	2025	2024
Cash flows from (used in) investing activities:
Acquisition of property, plant and equipment	(9,551)	(5,095)
Proceeds from disposal of property, plant and equipment	-	4
Acquisition of intangible assets	(5,358)	(4,175)
Proceeds from disposal of investment properties	-	169,590
Interest received	77,739	82,809
Dividends received	35,316	8,026
Net cash flows (used in) from investing activities	98,146	251,159
Cash flows from (used in) financing activities:
Increase in short-term borrowings	9,509,000	11,720,900
Decrease in short-term borrowings	(10,484,780)	(3,368,932)
Increase in short-term notes and bills payable	19,635,100	11,981,800
Decrease in short-term notes and bills payable	(16,221,900)	(11,373,800)
Proceeds from issuing bonds	2,000,000	5,520,000
Repayments of bonds	-	(5,900,000)
Repayments of long-term borrowings	(26,409)	(25,829)
Payment of lease liabilities	(47,818)	(35,271)
Other financial assets—current	(57,400)	5,099,510
Other financial assets—non-current	(609,747)	(1,994,351)
Cash dividends paid	(1,984,515)	(1,353,078)
Capital reduction payments to shareholders	(992,258)	-
Interest paid	(856,018)	(555,197)
Net cash flows from (used in) financing activities	(136,745)	9,715,752
Net (decrease) increase in cash and cash equivalents	(1,095,793)	2,278,008
Cash and cash equivalents at beginning of period	6,477,170	4,199,162
Cash and cash equivalents at end of period	$ 5,381,377	6,477,170

See accompanying notes to consolidated financial statements.

Attachment III

KPMG

多侯速素群合嗜贊師事論題

KPMG

台北市110615信義路5段7號68樓(台北101大樓)

68F., TAIPEI 101 TOWER, No. 7, Sec. 5,

Xinyi Road, Taipei City 110615, Taiwan (R.O.C.)

電話 Tel +886 2 8101 6666

傳真 Fax +886 2 8101 6667

網址 Web kpmg.com/tw

Independent Auditors' Report

To the Board of Directors of Run Long Construction Co., Ltd.:

Opinion

We have audited the financial statements of Run Long Construction Co., Ltd. ("the Company"), which comprise the balance sheets as of December 31, 2025 and 2024, the statements of comprehensive income, changes in equity and cash flows for the years then ended and notes to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 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

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

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the parent company only financial statements for the year ended December 31, 2025. 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, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report.

Appropriateness of the timing of revenue recognition from building and land sales

Please refer to note 4(m), and 6(s) of the financial statements for the accounting policy on revenue recognition and the details of revenue.

Description of key audit matter

The real estate industry, in which the Company is into, is recognized its sales revenue upon the transfer of ownership of the real estate and the actual delivery of the housing unit. Since there is a large number of sales of premises in the construction industry, in order to confirm the validity of the timing of the sales revenue recognition, the Company needs to examine the transfer of ownership and delivery housing data for all of transaction to recognize the sales revenue, which usually involves tremendous manual efforts. Therefore, the recognition of sales revenue is one of the most important evaluation in performing our audit procedures.

26 -

27 -

Auditing procedures performed

Our principal audit procedures included the following:

We test the effectiveness of the design and implementing the internal control system of sales revenue.
Perform substantive tests, sample inspections of sales contracts, real estate ownership transfer documents, and delivery housing data, and check sales data and general ledger details.
Test the samples of sales transaction before and after the end of the year to ensure the correctness of sales revenue.

2. Inventory valuation

Please refer to note 4(f), 5, and 6(d) of the financial statements for the accounting policies on measuring inventory, assumption used, and uncertainties considered in determining the net realizable value and the details of inventory.

Description of key audit matter

The inventory of Company is an important asset for operations, and its amount accounts for 66% of the total assets; the inventory evaluation is handled in accordance with the International Accounting Standards Bulletin No. 2, if the net realizable value evaluation is inappropriate, it will cause false expression in financial reports. Therefore, the inventory evaluation test is one of the important evaluation items for the accountant to perform the Company's financial report audit.

Auditing procedures performed

Our principal audit procedures included the following: We understand the Company’s operating and accounting procedures for inventory valuation; Obtain the Company management’s data of inventory valuation; verify and inspect market value of the afore mentioned information. The net realizable value can be assessed in the following ways: through reviewing the recent selling price of the premises, by inquiring the selling price of premises nearby from the “Actual Selling Price of Real Estate” website, or by obtaining project investment analysis tables, inspecting and recalculating the net realizable value of inventory to ensure if it is adequate.

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

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

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

Those charged with governance (including the Audit Committee) are responsible for overseeing the Company’s financial reporting process.

Auditors' Responsibilities for the Audit of the Financial Statements

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

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:

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

28 -

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

The engagement partners on the audit resulting in this independent auditors’ report are Han, Yi-Lien and Tsou, Yi-Yun.

KPMG

Taipei, Taiwan (Republic of China)

March 10, 2026

Notes to Readers

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

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

29 -

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

RUN LONG CONSTRUCTION CO., LTD.

Balance Sheets

December 31, 2025 and 2024

(Expressed in Thousands of New Taiwan Dollars)

Assets	December 31, 2025		December 31, 2024				December 31, 2025		December 31, 2024
		Amount	%	Amount	%	Current liabilities:	Amount	%	Amount	%
Current assets:						2100	Short-term borrowings (note 6(j))	$	14,599,747	27	15,275,032
1100	Cash and cash equivalents (note 6(a))	$ 4,486,884	8	5,693,916	12	2110	Short-term notes and bills payable (note 6(j))	5,244,113	10	2,034,381	4
1120	Current financial assets at fair value through other comprehensive income (notes 6(b) and 8)	745,347	2	767,243	2	2130	Current contract liabilities (notes 6(s), 7 and 9)	4,184,249	8	3,657,079	8
1150	Notes receivable, net (notes 6(c) and 8)	376,911	1	357,713	1	2150	Notes payable	5,350	-	-	-
1170	Accounts receivable, net (note 6(c))	1,278,771	2	30	-	2170	Accounts payable	1,332,556	2	829,272	2
1200	Other receivables	4,022	-	2,636	-	2180	Accounts payable to related parties (note 7)	2,177,217	4	719,156	2
1320	Inventories (for construction business) (notes 6(d), 7 and 8)	35,116,548	66	29,076,285	61	2200	Other payables (note 7)	341,087	1	521,129	1
1410	Prepayments (note 7)	179,361	-	92,153	-	2230	Current tax liabilities	178,350	-	81,697	-
1476	Other current financial assets (notes 6(i), 7 and 8)	3,768,131	7	4,395,142	9	2251	Current provisions for employee benefits (note 6(o))	3,081	-	2,855	-
1479	Other current assets, others	4,283	-	2,004	-	2280	Current lease liabilities (note 6(m))	44,540	-	70,258	-
1480	Current assets recognized as incremental costs to obtain contract with customers (note 6(i))	967,435	2	1,148,571	2	2321	Bonds payable, current portion or putable bonds (note 6(l))	1,999,647	4	-	-
		46,927,693	88	41,535,693	87	2322	Long-term borrowings, current portion (note 6(k))	27,054	-	26,409	-
						2399	Other current liabilities, others	377,456	1	89,385	-
Non-current assets:								30,514,447	57	23,306,653	49
1550	Investments accounted for using equity method (note 6(e))	1,383,481	2	1,544,155	3
1600	Property, plant and equipment (note 6(l))	228,052	1	226,402	1
1755	Right-of-use assets (note 6(g))	44,736	-	86,097	-	2530	Bonds payable (note 6(l))	9,479,109	18	9,492,424	20
1760	Investment property, net (notes 6(h) and 8)	921,427	2	938,927	2	2541	Long-term borrowings (note 6(k))	214,222	1	241,276	1
1780	Intangible assets	1,153	-	1,627	-	2550	Non-current provisions (note 9(b))	145,780	-	167,080	-
1984	Other non-current financial assets, others (notes 6(i), 7 and 8)	3,345,117	6	3,080,570	6	2570	Deferred tax liabilities (note 6(p))	2,844	-	2,844	-
1990	Other non-current assets, others (notes 6(c) and (v))	349,859	1	353,270	1	2580	Non-current lease liabilities (note 6(m))	510	-	16,540	-
		6,273,825	12	6,231,048	13			9,842,465	19	9,920,164	21
								40,356,912	76	33,226,817	70
						2610	Equity (note 6(q)):
						3100	Ordinary shares	8,930,317	17	9,922,575	21
						3200	Capital surplus	26,736	-	24,737	-
						3300	Retained earnings	3,600,236	6	4,283,399	9
						3400	Other equity interest	287,317	1	309,213	-
								12,844,606	24	14,539,924	30
							Total equity
							Total liabilities and equity
								$ 53,201,518	100	47,766,741	100

See accompanying notes to parent company only financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese)

RUN LONG CONSTRUCTION CO., LTD.

Statements of Comprehensive Income

For the years ended December 31, 2025 and 2024

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

		2025		2024
		Amount	%	Amount	%
	Operating Revenues (notes 6(n), (s) and 7):
4511	Construction revenue	$ 6,472,216	100	8,739,458	100
4800	Other operating revenue	22,459	-	21,945	-
		6,494,675	100	8,761,403	100
5000	Operating costs (note 7)	4,047,303	62	4,894,125	56
	Gross profit from operations	2,447,372	38	3,867,278	44
	Operating expenses:
6100	Selling expenses (notes 6(i), (t) and 7)	350,152	6	729,243	8
6200	Administrative expenses (notes 6(t) and 7)	198,459	3	259,556	3
		548,611	9	988,799	11
	Operating income	1,898,761	29	2,878,479	33
	Non-operating income and expenses: (notes 6(u) and 7)
7100	Interest income	70,260	1	75,509	1
7010	Other income	51,260	1	28,883	-
7020	Other gains and losses	21,859	-	(107,919)	(1)
7050	Finance costs	(258,058)	(4)	(123,433)	(2)
7070	Share of profit (loss) of associates and joint ventures accounted for using equity method	(114,174)	(1)	(11,299)	-
		(228,853)	(3)	(138,259)	(2)
	Profit from continuing operations before tax	1,669,908	26	2,740,220	31
7950	Less: Income tax expenses (note 6(p))	368,556	6	482,250	5
	Profit	1,301,352	20	2,257,970	26
8300	Other comprehensive income:
8310	Components of other comprehensive income that will not be reclassified to profit or loss
8316	Unrealized gains from (loss on) investments in equity instruments measured at fair value through other comprehensive income	(21,896)	-	123,526	1
8300	Other comprehensive income (net after tax)	(21,896)	-	123,526	1
8500	Total comprehensive income	$ 1,279,456	20	2,381,496	27
	Earnings per share (note 6(r))
9750	Basic earnings per share (NT dollars)	$	1.36		2.28
	Diluted earnings per share (NT dollars)	$	1.36		2.27

See accompanying notes to agent company only financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese)

RUN LONG CONSTRUCTION CO., LTD.

Statements of Changes in Equity

For the years ended December 31, 2025 and 2024

(Expressed in Thousands of New Taiwan Dollars)

Balance on January 1, 2024

Profit

Other comprehensive income

Total comprehensive income

Appropriation and distribution of retained earnings:

Legal reserve appropriated

Cash dividends of ordinary share

Stock dividends of ordinary share

Other changes in capital surplus

Balance on December 31, 2024

Profit

Other comprehensive income

Total comprehensive income

Appropriation and distribution of retained earnings:

Legal reserve appropriated

Cash dividends of ordinary share

Capital reduction by cash

Other changes in capital surplus

Balance on December 31, 2025

| Share capital | | Retained earnings | | | Total other equity interest
Unrealized gains (losses) on financial assets measured at fair value through other comprehensive income | Total equity |
| --- | --- | --- | --- | --- | --- | --- |
| Ordinary shares | Capital surplus | Legal reserve | Unappropriated retained earnings | Total retained earnings | | |
| $ 4,510,261 | 23,854 | 1,084,122 | 7,706,699 | 8,790,821 | 185,687 | 13,510,623 |
| - | - | - | 2,257,970 | 2,257,970 | - | 2,257,970 |
| - | - | - | - | - | 123,526 | 123,526 |
| - | - | - | 2,257,970 | 2,257,970 | 123,526 | 2,381,496 |
| - | - | 770,155 | (770,155) | - | - | - |
| - | - | - | (1,353,078) | (1,353,078) | - | (1,353,078) |
| 5,412,314 | - | - | (5,412,314) | (5,412,314) | - | - |
| - | 883 | - | - | - | - | 883 |
| 9,922,575 | 24,737 | 1,854,277 | 2,429,122 | 4,283,399 | 309,213 | 14,539,924 |
| - | - | - | 1,301,352 | 1,301,352 | - | 1,301,352 |
| - | - | - | - | - | (21,896) | (21,896) |
| - | - | - | 1,301,352 | 1,301,352 | (21,896) | 1,279,456 |
| - | - | 225,797 | (225,797) | - | - | - |
| - | - | - | (1,984,515) | (1,984,515) | - | (1,984,515) |
| (992,258) | - | - | - | - | - | (992,258) |
| - | 1,999 | - | - | - | - | 1,999 |
| $ 8,930,317 | 26,736 | 2,080,074 | 1,520,162 | 3,600,236 | 287,317 | 12,844,606 |

See accompanying notes to parent company only financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese)

RUN LONG CONSTRUCTION CO., LTD.

Statements of Cash Flows

For the years ended December 31, 2025 and 2024

(Expressed in Thousands of New Taiwan Dollars)

	2025	2024
Cash flows from (used in) operating activities:
Profit before tax	$ 1,669,908	2,740,220
Adjustments:
Adjustments to reconcile profit (loss):
Depreciation	65,068	59,553
Amortization	1,999	2,186
Interest expense	258,058	123,433
Interest income	(70,260)	(75,509)
Dividend income	(35,316)	(8,026)
Share of profit (loss) of subsidiaries, associates and joint ventures accounted for using equity method	114,174	11,299
Gain on disposal of property, plant and equipment	-	(4)
Gain on disposal of investment properties	-	(32,980)
Gain on lease modifications	-	(16)
Total adjustments to reconcile profit (loss)	333,723	79,936
Changes in operating assets and liabilities:
Changes in operating assets:
(Increase) decrease in notes receivable	(19,900)	271,828
(Increase) decrease in accounts receivable	(1,278,741)	83,596
Increase in other receivables	(3,384)	(51)
Increase in inventories (construction)	(5,498,791)	(4,404,537)
Increase in prepayments	(100,381)	(82,249)
(Increase) decrease in other current assets	(2,279)	2,827
Decrease (increase) in other financial assets—current	1,100,911	(1,244,813)
Decrease (increase) in assets recognized as incremental costs to obtain contract with customers	181,136	(218,617)
Increase in other financial assets—non-current	(71,300)	(3,639)
Decrease (increase) in other non-current assets	4,113	(303,779)
Total changes in operating assets	(5,688,616)	(5,899,434)
Changes in operating liabilities:
Increase in contract liabilities	527,170	1,120,970
Increase in notes payable	5,350	-
Increase in accounts payable	503,284	52,425
Increase in accounts payable to related parties	1,458,061	127,649
Decrease in other payables	(190,992)	(310,915)
Increase in provisions	226	107
Increase (decrease) in other current liabilities	288,071	(121,854)
(Decrease) increase in provisions—non-current	(21,300)	167,080
Total changes in operating liabilities	2,569,870	1,035,462
Total changes in operating assets and liabilities	(3,118,746)	(4,863,972)
Total adjustments	(2,785,023)	(4,784,036)
Cash outflow generated from operations	(1,115,115)	(2,043,816)
Income taxes paid	(271,903)	(1,810,568)
Net cash flows from (used in) operating activities	(1,387,018)	(3,854,384)

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(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese)
RUN LONG CONSTRUCTION CO., LTD.
Statements of Cash Flows (CONT'D)
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)

	2025	2024
Cash flows from (used in) investing activities:
Acquisition of property, plant and equipment	(7,857)	(4,380)
Proceeds from disposal of property, plant and equipment	-	4
Acquisition of intangible assets	(1,525)	(1,360)
Proceeds from disposal of investment properties	-	169,590
Interest received	72,258	73,990
Dividends received	81,816	108,026
Net cash flows from (used in) investing activities	144,692	345,870
Cash flows from (used in) financing activities:
Increase in short-term borrowings	9,009,000	8,844,000
Decrease in short-term borrowings	(9,684,780)	(2,668,932)
Increase in short-term notes and bills payable	18,235,100	11,381,800
Decrease in short-term notes and bills payable	(15,021,900)	(10,973,800)
Proceeds from issuing bonds	2,000,000	5,520,000
Repayments of bonds	-	(5,900,000)
Repayments of long-term borrowings	(26,409)	(25,829)
Other financial assets—current	(57,400)	4,739,510
Other financial assets—non-current	(609,747)	(1,994,351)
Payment of lease liabilities	(41,748)	(35,271)
Cash dividends paid	(1,984,515)	(1,353,078)
Capital reduction payments to shareholders	(992,258)	-
Interest paid	(790,049)	(533,974)
Net cash flows from (used in) financing activities	35,294	7,000,075
Net (decrease) increase in cash and cash equivalents	(1,207,032)	3,491,561
Cash and cash equivalents at beginning of period	5,693,916	2,202,355
Cash and cash equivalents at end of period	$ 4,486,884	5,693,916

See accompanying notes to arent company only financial statements.

Appendix I

RUN LONG CONSTRUCTION CO., LTD.

Articles of Incorporation

Approved by the annual general meeting held on June 17, 2025.

Chapter I General Provisions

Article 1 The company shall be organized in accordance with the provisions of the Company Act as RUN LONG CONSTRUCTION CO., LTD.

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

C901010 Ceramic and Ceramic Products Manufacturing.
F106050 Wholesale of Pottery, Porcelain and Glassware.
F107010 Wholesale of Paints, Varnishes and Lacquers.
F207010 Retail Sale of Paints, Varnishes and Lacquers.
F107020 Wholesale of Dyes and Pigments.
F207020 Retail Sale of Dyeing Mills and Dyestuff.
C802200 Paints, Varnishes, Lacquers, Dyeing Mills and Dyestuff Manufacturing.
C901050 Manufacture of Cement and Concrete Products.
H701010 Housing and building development, lease, sale business.
H701050 Public Works Construction and Investment.
H701030 Funeral Places Lease Construction and Development.
H701060 Development industry of new towns and new communities.
JZ99050 Agency Services
I103060 Management Consulting.
I301010 Software Design Services.
F118010 Wholesale of Computer Software.
F119010 Wholesale of Electronic Materials.
JE01010 Rental and Leasing Activities.
F401010 International Trade.
F106010 Wholesale of Ironware.
F211010 Retail Sale of Construction Materials in Specialized Stores.
F107200 Wholesale of Chemistry Raw Material.
F207200 Retail sale of Chemistry Raw Material.
C805010 Manufacture of Plastic Sheets, Pipes and Tubes.
C805050 Industrial Plastic Products Manufacturing.
CB01010 Machinery and Equipment Manufacturing.
CB01030 Manufacture of Pollution Controlling Equipment.
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J101030 Collection of Waste Disposing.
J101040 Waste Treatment.
F111090 Wholesale of Building Materials.
CA01070 Scrapped Car and Boat Dismantling and Scrap Iron and Steel Metal Processing.
CA01080 Aluminum Refinery Manufacturing.
CA02010 Manufacture of Metal Structure and Architectural Components.
C501040 Manufacture of Veneer Sheets and Wood-Based Panels.
J101060 Wastewater (Sewage) Treatment.
J101080 Resource Recycling.
J101090 Waste Disposal.
E604010 Machinery Installation.
F113010 Wholesale of Machinery.
F213080 Retail Sale of Machinery and Equipment.
F113100 Wholesale of Pollution Controlling Equipment.
F213100 Retail Sale of Pollution Controlling Equipment.
CA01090 Aluminum Manufacturing.
CA01100 Aluminum Rolling, Drawing and Extruding.
CA01110 Smelting and Refining of Copper.
CA01120 Copper Casting.
CA01130 Copper Rolling, Drawing and Extruding.
CA01990 Other Non-ferrous Metal Basic Industries.
H703090 Real Estate Commerce.
H703100 Real Estate Rental and Leasing.
H701080 Urban Renewal Reconstruction.
H701020 Industrial Factory Buildings Lease Construction and Development.
H701040 Specific Area Development.
F219010 Retail Sale of Electronic Materials.
F218010 Retail Sale of Computer Software.
F601010 Intellectual Property Rights.
I301020 Data Processing Services.
I301030 Electronic Information Supply Services.
ZZ99999 All business items that are not prohibited or restricted by law, except those that are subject to special approval.

Article 3 The Company is headquartered in Taipei City and shall, if necessary, establish branches in appropriate locations at home and abroad by resolution of the Board of Directors in accordance with the law.

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Article 3-1

Due to business needs, the Company may engage in external mutual guarantees with affiliated companies or peers, which is subject to the approval of the Board of Directors in accordance with the Company’s Regulations Governing Making external Endorsements/Guarantees.

Article 4 When the Company invests in another company and becomes a limited liability shareholder, the total amount of its investments may exceed 40% of the Company’s paid-in capital, which is not limited by Article 13 of the Company Act.

Chapter II Shares

Article 6 The total authorized capital of the Company shall be NT$12 billion, divided into 1.2 billion shares with a par value of NT$10 each, to be issued in installments as determined by the Board of Directors based on actual needs.

Article 7 The Company issues owner-registered shares only, which are affixed with the signatures or personal seals of the director representing the Company, and shall be duly certified or authenticated by the bank which is competent to certify shares under the laws before issuance thereof.

The shares issued by the Company may be exempted from printing but shall be registered with a centralized securities depository.

Article 8 The shareholder shall use his/her own name. If the shareholder is a government agency or legal entity, his/her name shall be recorded, and no separate account name shall be set up or include only the representative. The shareholder shall include his/her real name or title, domicile or residence on the signature card as well as seal affixed to it, which shall be submitted to the Company for inspection, and the same shall apply in the event of any change. When the shareholder receives dividends or exercises other rights in writing, the affixed seal will be based on.

Article 9 The transfer, inheritance, gift, loss, destruction and other stock-related matters concerning the shareholders’ shares are handled in accordance with the "Regulations Governing the Administration of Shareholder Services of Public Companies."

Article 10 Registration for transfer of shares shall be suspended for sixty days immediately before the day of an annual shareholders’ meeting, for thirty days immediately before the day of any extraordinary general meeting of shareholders, and for five days before the day on which dividends or any other benefit is scheduled to be paid by the Company. Other stock-related

37 -

matters are handled in accordance with the "Regulations Governing the Administration of Shareholder Services of Public Companies."

Chapter III Shareholders' Meetings

Article 11 The shareholders meeting is divided into a general meeting and an extraordinary general meeting:

The general meeting shall be convened once a year within 6 months after the end of the fiscal year by the Board of Directors in accordance with the law.
The extraordinary general meeting shall be held in accordance with the relevant laws when necessary.

Article 11-1

The Company may convene the shareholders' meeting by video or in other methods announced by the central competent authority. The conditions, operational procedures, and other compliance requirements for holding a virtual meeting shall be governed by the applicable regulations prescribed by the competent authority.

Article 12 The shareholders shall be notified of the date and place of the meeting and the reason for the meeting 30 days prior to the convening of the general meeting and 15 days prior to the convening of the extraordinary general meeting. The convening of an annual shareholders' meeting shall be publicly announced.

The notice of the shareholders' meeting may be given in the form of a public announcement for shareholders who own less than 1,000 shares.

Article 13 The Chairman shall chair the shareholders' meeting. Where the Chairman is on leave or unable to perform the duties for any reason, the Chairman shall designate a director to act on his/her behalf. In the absence of such a designation, the directors shall elect from among themselves an acting Chairman of the Board of Directors.

Article 14 Matters concerning a shareholder not being able to attend a shareholders' meeting for any reason shall be handled in accordance with Article 177 of the Company Act and Article 25-1 of the Securities and Exchange Act.

Article 15 The Company's shareholders shall be entitled to one vote for each share held, except when the shares are restricted to shares or are deemed non-voting shares under the Company Act, Article 179, paragraph 2.

Unless otherwise provided by relevant laws and regulations, a resolution of a shareholders' meeting shall be attended by the shareholders, who are

38 -

present on behalf of a majority of the shareholders of the total number of issued shares.

Shareholders of the Company may also exercise their voting rights electronically. Shareholders exercising their voting rights electronically shall be deemed to be present in person and relevant matters shall be handled in accordance with the relevant laws and regulations.

Article 16 The resolutions of the shareholders’ meeting shall be signed or sealed by the chairperson, and the minutes shall be distributed to all shareholders within 20 days after the meeting. The summary and result of the motions in discussion and voting shall be noted in the meeting minutes on record. The meeting minutes on record, the sign-in book for tracking attendance of the Directors and a power of attorney for appointment of proxies shall be kept by the Company as required by Article 183 of the Company Act.

The minutes referred to in the preceding paragraph shall be distributed by way of public announcement.

Chapter IV Directors and Audit Committee

Article 17 The Company shall have 7 to 9 directors, and, by adopting the candidates’ nomination system, shareholders shall elect the directors from among the nominees listed in the roster of director candidates. Each director shall hold a term of office for 3 years and shall be eligible for re-election.

If the term of office of Directors expires and no election of a new Board could be held, the tenure for these directors shall be extended until a Board of Directors is elected and assumed office. If one-third of the seats of directors are left vacant or if all independent directors are dismissed, a shareholders’ meeting shall be convened immediately to hold a by-election to fill the original term of office in accordance with the law.

The total number of registered shares held by all directors of the Company shall not be less than a certain percentage of the total number of shares required to be issued by the competent authority.

Article 17-1

The number of directors of the Company shall not be less than three independent directors and less than one-third of the total number of directors.

The nomination and means of election of directors and independent directors and other compliance matters shall be handled in accordance with the applicable regulations of the competent authorities.

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Article 18 When the directors organize a Board of Directors’ meeting, it shall be attended by two-third of the total number of directors of a company. With approval by a majority of directors, they shall select from among themselves one person to serve as the chairperson. Internally, the Chairman is the chairperson of the shareholders’ meeting and board meeting. Externally, the chairperson represents the Company and executes all affairs relating to the Company by following these Articles and resolutions approved by the shareholders and Board of Directors. Where the Chairman is unable to perform his/her duties for any reason, one of the directors shall be designated to act on behalf of the Chairman; where there is no such designation, the directors shall nominate one among themselves to presiding over the meeting.

In order to respond to major incidents or to meet the needs of the Company’s operations, unless otherwise provided by law, the Chairman may adjust the Company’s necessary bodies and their organizations, or hire consultants to determine business policies and operations associated with the Company.

Subject to the approval of the Board of Directors, an additional vice Chairman may be created to assist the Chairman.

Article 19 The powers and functions of the board of directors are as follows:

Determination of business policies and supervision of business implementation.
The appointment and dismissal of managerial officers at all levels.
Review and approval of budget and account settlement.
Planning of earnings distribution or loss recovery and capital increase or decrease.
Approval of investments and loans to other companies and pledge of assets.
Establishment, adjustment and revocation of the Company’s important organizations and review of important Articles of Incorporation and important contracts.
Approval of the acquisition and disposal of important properties.
Convening of shareholders’ meetings.
Review of proposals and matters determined by the Chairman and proposed by the president.
Other powers and functions given by the law or the shareholders’ meeting.

Article 20 Unless otherwise provided for in the Company Act, resolutions of the board meeting shall be adopted by a majority of the directors at a meeting attended by a majority of the directors. In case that directors are unable to attend such

40 -

meetings in person for any reason, they may appoint another director as the proxy to do so by issuing a proxy form, listing the scope of authority for the meeting. However, a director may act as the proxy of only one other director. In case a meeting of the Board of Directors is proceeded via a visual communication network, the directors taking part in such a visual communication meeting shall be deemed to have attended the meeting in person.

Article 20-1

A notice of the reason for convening a board meeting shall be given to each director and other persons who should be present seven days in advance. However, in case of emergency, it may be convened at any time.

The notice of convening a board meeting referred to in the preceding paragraph may be done so by writing, fax or email.

Article 21

Resolutions adopted at a board meeting shall be recorded in the minutes of the meeting, which shall be affixed with the chairman of the meeting's signature or seal and shall be distributed to all directors within twenty days after the close of the meeting. The said meeting minutes are handled in accordance with Article 183 of the Company Act.

Article 22

The Board of Directors shall be authorized to determine the remuneration of the Chairman and directors in accordance with the extent of their participation in and the value of their contributions to the operations of the Company and the light of the normal level of the industry.

The board of directors shall determine a fixed remuneration to independent directors in accordance with the principles of the preceding paragraph and shall not participate in the Company's remuneration distribution for the board of directors or other bonuses.

The Company shall purchase liability insurance for the directors.

Article 23

The Company shall establish an Audit Committee, composed of all independent directors, in accordance with Article 14-4 of the Securities Exchange Act. The Audit Committee or members of the Audit Committee shall carry out the functions and powers required to be exercised by supervisors under the Company Act, the Securities Exchange Act and other laws and regulations.

Article 24

Delete.

Chapter V Managerial Officers

Article 25

The Company may have a president and several managerial officers. The president shall implement the Board of Directors' resolutions as ordered by

the Chairman and manage all affairs of the Company.

Article 26 The appointment, dismissal and remuneration of the Company’s managerial officers shall be handled in accordance with Article 29 of the Company Act.

Chapter VI Accounting

Article 27 The Company’s accounting year is January 1 to December 31 each year.

Article 28 The Company’s Board of Directors shall prepare the following reports at the end of each accounting year. These reports shall be submitted to the Audit Committee for review 30 days prior to the annual shareholders’ meeting. A report shall be issued for recognition at the annual shareholders’ meeting.

the business report;
the financial statements; and
the surplus earning distribution or loss off-setting proposals.

Article 29 If the Company reports a profit for the year, not less than 0.1% of the profit shall be allocated as employee remuneration (of which no less than 10% shall be distributed to junior employees), and not more than 1% shall be allocated as directors’ remuneration. The distribution shall be resolved by the Board of Directors and reported to the shareholders’ meeting. However, if the Company still has accumulated losses, the compensation amount shall be reserved in advance.

The employee remuneration and junior employee remuneration may be determined by shares or cash and its receiving parties must include its serving employees in accordance who meet certain criteria established by the board of directors.

Article 29-1

Where the Company made a profit in a fiscal year, the profit shall be first utilized for paying taxes, offsetting losses of previous years, setting aside as legal reserve 10% of the remaining profit, except when the legal reserve has reached the amount of the Company’s paid-in capital. Depending on the Company’s operation and legal requirements, special reserve may be set aside or reversed. The Company’s Board of Directors shall use any remaining profit together with any undistributed retained earnings as the basis for proposing a distribution plan, which should be resolved in the shareholders’ meeting for distribution of dividends and bonus to shareholders.

The Company’s dividend policy shall take into the Company’s financial structure, operating situation and capital budget, as well as the interests of shareholders and balance of dividends. The distributable earnings may be

42 -

retained or paid in shares or cash. The amount of dividend distribution shall be maintained at between 10% and 100% of the current year’s distributable earnings. The dividends paid in cash shall be less than 10% of the total dividends distributed in the year.

If the Company distributes all or part of the dividends and bonuses or statutory surplus reserves and capital reserves by means of cash disbursement, it shall authorize the Board of Directors with over two-thirds of the directors attending the meeting and conduct after approval of a majority of the directors attending the meeting, which shall be reported to the shareholders’ meeting.

Article 30 The issuance or transfer objects shall include employees of subsidiaries who match certain conditions for the Company issuing employee subscription certificate, issuing new stocks with restricted employee rights, issuing new stocks to employees, or repurchasing stocks and transferring to employees in accordance with the law. The Board of Directors is authorized to determine the conditions and method of purchase.

Article 31 The organization rules and handling details of the Company shall be separately prescribed by the Board of Directors.

Article 32 Matters not covered by the Articles of Incorporation shall be governed by the Company Act and other applicable laws.

Article 33 The Articles of Incorporation were established on December 27, 1976.

The 1st amendment was made on January 2, 1980.

The 2nd amendment was made on July 3, 1981.

The 3rd amendment was made on November 6, 1981.

The 4th amendment was made on October 20, 1983.

The 5th amendment was made on December 26, 1983.

The 6th amendment was made on January 20, 1984.

The 7th amendment was made on September 1, 1985.

The 8th amendment was made on September 10, 1986.

The 9th amendment was made on November 11, 1989

The 10th amendment was made on October 2, 1990.

The 11th amendment was made on June 20, 1992.

The 12th amendment was made on March 30, 1993.

The 13th amendment was made on April 10, 1995.

The 14th amendment was made on May 18, 1996.

The 15th amendment was made on July 31, 1997.

The 16th amendment was made on June 28, 1999.

The 17th amendment was made on June 30, 2000

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The 18th amendment was made on April 30, 2001.
The 19th amendment was made on June 27, 2002.
The 20th amendment was made on April 28, 2003.
The 21st amendment was made on April 5, 2004.
The 22nd amendment was made on October 27, 2004.
The 23rd amendment was made on May 25, 2005.
The 24th amendment was made on June 15, 2006.
The 25th amendment was made on June 13, 2007.
The 26th amendment was made on June 13, 2008.
The 27th amendment was made on June 10, 2009.
The 28th amendment was made on June 18, 2010.
The 29th amendment was made on June 3, 2011.
The 30th amendment was made on June 5, 2012.
The 31st amendment was made on June 11, 2013.
The 32nd amendment was made on June 27, 2014.
The 33rd amendment was made on June 11, 2015.
The 34th amendment was made on June 13, 2016.
The 35th amendment was made on June 15, 2017.
The 36th amendment was made on June 11, 2018.
The 37th amendment was made on June 10, 2019.
The 38th amendment was made on June 9, 2020.
The 39th amendment was made on June 9, 2022.
The 40th amendment was made on June 13, 2024.
The 41th amendment was made on June 17, 2025.

44 -

Appendix II

RUN LONG CONSTRUCTION CO., LTD.

Rules of Procedures for Shareholders' Meetings

Approved by the shareholders' meeting held on June 13, 2024.

Article 1
The Rules are formulated in accordance with applicable regulations of the Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies for the purpose of establishing a good governance system for shareholders' meetings of the Company, improving its supervisory functions and strengthening its management functions.

Article 2
Unless otherwise provided in laws, regulations or Articles of Incorporation, the rules of procedure for shareholders' meetings of the Company shall be governed by the Rules.

Article 3
The shareholders' meeting of the Company shall be convened by the Board of Directors unless otherwise provided by laws and regulations.

Unless otherwise provided in the Regulations Governing the Administration of Shareholder Services of Public Companies, a company that will convene a shareholders' meeting with video conferencing shall expressly provide for such meetings in its Articles of Incorporation and obtain a resolution of its board of directors. Furthermore, convening of a virtual-only shareholders' meeting shall require a resolution adopted by a majority vote at a meeting of the board of directors attended by at least two-thirds of the total number of directors.

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

Thirty days prior to the annual shareholders' meeting or fifteen days prior to the extraordinary annual shareholders' meeting, the Company shall prepare an electronic file for transmission to the Market Observation Post System containing the notice of the meeting of shareholders, a power of attorney, the reasons for the various resolutions related to the recognition, discussion, appointment or dismissal of directors and the explanatory data. The Company shall prepare electronic versions of the annual shareholders' meeting agenda and supplemental meeting materials and upload them to the MOPS before 21 days before the date of the annual shareholders' meeting or before 15 days before the date of the special shareholders meeting. If, however, the Company has the paid-in capital of NT$10 billion or more as of the last day of the most current fiscal year, or total shareholding of foreign

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shareholders and PRC shareholders reaches 30% or more as recorded in the register of shareholders of the annual shareholders' meeting held in the immediately preceding year, transmission of these electronic files shall be made by 30 days before the regular shareholders meeting.

In addition, before 15 days before the date of the shareholders' meeting, the Company shall also have prepared the shareholders' meeting agenda and supplemental meeting materials and made them available for review by shareholders at any time. The meeting agenda and supplemental materials shall also be displayed at the Company's premises and the professional shareholder services agent designated thereby.

The Company shall make the meeting agenda and supplemental meeting materials in the preceding paragraph available to shareholders for review in the following manner on the date of the shareholders' meeting:

I. For physical shareholders meetings, to be distributed on-site at the meeting.

II. For hybrid shareholders meetings, to be distributed on-site at the meeting and shared on the virtual meeting platform.

III. For virtual-only shareholders meetings, electronic files shall be shared on the virtual meeting platform.

The notice and announcement shall state the reasons for convening the meeting; If the notice is approved by the other party, the notice shall be made electronically.

The essential content of the appointment or dismissal of directors, amendments to articles, reduction of capital, application for the approval of ceasing its status as a public company, approval of lifting of the non-competition restrictions on directors, capital increase by retained earnings, capital increase by capital reserve, dissolution, merger or division of corporation, or matters listed in the Company Act, Article 185, Paragraph 1, matters listed in the Securities Exchange Act, Article 26-1 and Article 43-6, and matters listed in the Regulations Governing the Offering and Issuance of Securities by Securities Issuer, Article 56-1 and Article 60-2 shall be explained in the shareholders' meeting notice and shall not be proposed as extemporary motions.

If re-election of the Board and the date of appointment thereof are both stated clearly on the reasons for convening a shareholders' meeting, then the date of appointment shall not be changed by extemporary motion or other means during the same meeting after the re-election of the Board is completed.

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A shareholder holding 1% or more of the total number of issued shares may submit to the Company a proposal for discussion at a regular shareholders’ meeting. Such proposals are limited to one item only, and no proposal containing more than one item will be included in the meeting agenda. If, however, the shareholder’s proposal concerns recommendation advocating for the Company to promote public interest or fulfill social responsibilities, the Board of Directors shall include such proposal in the agenda. Where a shareholder proposes a resolution under any of the circumstances specified in Paragraph 4 of Article 172-1 of the Company Act, the Board of Directors shall not include it as a resolution. If the shareholder’s proposal concerns recommendation advocating for the Company to promote public interest or fulfill social responsibilities, in accordance with the Company Act, Article 172-1, such proposals are allowed but limited to one item only, and no proposal containing more than one item will be included in the meeting agenda.

Prior to the date on which share transfer registration is suspended before the convention of an annual shareholders’ meeting, the Company shall give a public notice announcing acceptance of proposal in writing or by way of electronic transmission, the place and the period for shareholders to submit proposals to be discussed at the meeting. The period for accepting such proposals shall not be less than ten (10) days.

A resolution proposed by a shareholder shall be limited to 300 words and shall not be included in the resolution if it exceeds 300 words; The proposing shareholder shall attend the annual shareholders’ meeting in person or by proxy and participate in the discussion of the proposal.

The Company shall notify the proposing shareholders of the outcome of the shareholders’ meeting prior to the date of the notice of convening the shareholders’ meeting and shall list the resolutions in accordance with the provisions of the Article in the notice of the meeting. For shareholders’ proposals that are not included in the resolution, the Board of Directors shall state the reasons for the exclusion at the shareholders’ meeting.

Article 4 At each shareholders’ meeting, a shareholder may issue a power of attorney issued by the Company specifying the scope of authorization and authorizing a proxy to attend the shareholders’ meeting.

A shareholder shall issue a power of attorney limited to one person and shall deliver it five days prior to the meeting of shareholders. In the event of duplication of a power of attorney, the first one to be served shall prevail. However, the entrustment before the revocation of the declaration shall not

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be limited.

If a shareholder wishes to attend a shareholders’ meeting in person or to exercise his/her voting rights in writing or electronic form after the proxy has been sent to the Company, he/she shall notify the Company in writing of the revocation of the proxy two days prior to the shareholders’ meeting; The voting right exercised by the proxy shall prevail in the event of revocation after the expiration of the prescribed time limit.

If, after a proxy form is delivered to the Company, a shareholder wishes to attend the shareholders’ meeting online, a written notice of proxy cancellation shall be submitted to the Company two business days before the meeting date. If the cancellation notice is submitted after that time, votes cast at the meeting by the proxy shall prevail.

Article 5 A shareholders’ meeting shall be held at the place where the Company is located or where shareholders are conveniently present, and it is appropriate to convene a shareholders’ meeting. The starting time of the meeting shall not be earlier than 9:00 a.m. or later than 3:00 p.m. The meeting shall be held at a place and time where the views of the independent directors shall be fully considered.

The restrictions on the place of the meeting shall not apply when the Company convenes a virtual-only shareholders meeting.

Article 6 The Company shall specify in its shareholders meeting notices the time during which attendance registrations for shareholders, solicitors and proxies (collectively "shareholders") will be accepted, the place to register for attendance, and other matters for attention.

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

Shareholders shall attend shareholders’ meetings based on attendance cards, sign-in cards, or other certificates of attendance. The Company may not arbitrarily add requirements for other documents beyond those showing

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eligibility to attend, presented by shareholders. Solicitors soliciting proxy forms shall also bring identification documents for verification.

The Company shall set up an autograph book for the attending shareholders to sign in, or the attending shareholders shall submit a sign-in card to sign in.

The Company shall furnish attending shareholders with the meeting handbook, annual report, attendance card, speaker’s slips, voting slips, and other meeting materials. Where there is an election of Directors, pre-printed ballots shall also be furnished.

When the government or a juristic person is a shareholder, it may be represented by more than one representative at a shareholders’ meeting. When a juristic person is appointed to attend as a proxy, it shall designate only one person to represent it in the meeting.

In the event of a virtual shareholders meeting, shareholders wishing to attend the meeting online shall register with the Company two days before the meeting date.

In the event of a virtual shareholders meeting, the Company shall upload the meeting agenda book, annual report and other meeting materials to the virtual meeting platform at least 30 minutes before the meeting starts, and keep this information disclosed until the end of the meeting.

Article 6-1

To convene a virtual shareholders meeting, the Company shall include the follow particulars in the shareholders meeting notice:

I. Instructions on how shareholders may attend the virtual meeting and exercise their rights.

II. Actions to be taken if the virtual meeting platform or participation in the virtual meeting is obstructed due to natural disasters, accidents or other force majeure events, at least covering the following particulars:

(1) To what time the meeting is postponed or from what time the meeting will resume if the above obstruction continues and cannot be removed, and the date to which the meeting is postponed or on which the meeting will resume.

(2) Shareholders not having registered to attend the affected virtual shareholders meeting shall not attend the postponed or resumed session.

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(3) In case of a hybrid shareholders meeting, when the virtual meeting cannot be continued, if the total number of shares represented at the meeting, after deducting those represented by shareholders attending the virtual shareholders meeting online, meets the minimum legal requirement for a shareholder meeting, then the shareholders meeting shall continue. The shares represented by shareholders attending the virtual meeting online shall be counted towards the total number of shares represented by shareholders present at the meeting, and the shareholders attending the virtual meeting online shall be deemed abstaining from voting on all proposals on meeting agenda of that shareholders meeting.

(4) Actions to be taken if the outcome of all proposals have been announced and extraordinary motion has not been carried out.

III. To convene a virtual-only shareholders meeting, appropriate alternative measures available to shareholders with difficulties in attending a virtual shareholders meeting online shall be specified. When the Company convenes a virtual-only shareholders' meeting, it shall also specify appropriate alternative measures available to shareholders who have difficulty taking part in the virtual-only shareholders' meeting. Except for the situations specified in Paragraph 6, Article 44-9 of the Regulations Governing the Administration of Shareholder Services of Public Companies, it shall at least provide said shareholders with connection facilities and necessary assistance, and shall specify the period during which shareholders may file applications with the Company and other related matters to be attended.

Article 7 The Chairman of the Board of Directors shall chair the meeting in the case that the Board of Directors convenes the meeting. If the Chairman of the Board of Directors is on leave or absent or cannot exercise his power and authority for any cause, the vice Chairman shall act on his behalf. In case there is no vice Chairman, or the vice Chairman is also on leave or absent or unable to exercise his power and authority for any cause, the Chairman of the Board of Directors shall designate one of the managing directors, or where there are no managing directors, one of the directors to act on his behalf. In the absence of such a designation, the managing directors or the directors shall elect from among themselves an acting Chairman of the Board of Directors.

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When a managing director or a director serves as chair, as referred to in the preceding paragraph, the managing director or the director shall be one who has held that position for 6 months or more and understands the company’s financial and business conditions. The same applies if the chair is a representative of a director of a corporation.

For shareholders’ meetings convened by the Board of Directors, the Chairman should preside in person, and a majority of the directors of the Board of Directors should attend in person, and at least one representative of each functional committee members shall attend. The attendance shall be recorded in the minutes of the shareholders’ meeting.

If a shareholders’ meeting is convened by a convener other than the Board of Directors, the convener holding convening rights shall act as the chairperson of the shareholders’ meeting. If there are more than two conveners, they shall elect one convener to act as the chairperson.

The Company may appoint its attorneys, certified public accountants, or related persons to attend the meeting in a non-voting capacity.

Article 8 The Company shall record or videotape the whole process of the shareholders’ meeting

and keep it for at least one year. However, any action instituted by a shareholder pursuant to Article 189 of the Company Act shall be preserved until the conclusion of the action.

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

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

Where a shareholders’ meeting is held via video conferencing, it is recommended that the Company also record the operation of the platform’s backend interface by audio and video means.

Article 9 Attendance at a shareholders’ meeting shall be calculated on the basis of shares. Attendance at shareholders’ meetings shall be calculated based on the number of shares. The number of shares in attendance shall be calculated according to the shares indicated by the attendance book and sign-in cards handed in, and the shares checked in on the virtual meeting platform, plus

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the number of shares whose voting rights are exercised by correspondence or electronically.

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

However, when the attending shareholders do not represent a majority of the total number of issued shares, the chairperson may announce a postponement, provided that no more than two such postponements, for a combined total of no more than 1 hour, may be made. If the quorum is not met after two postponements and the attending shareholders still represent less than one-third of the total number of issued shares, the chair shall declare the meeting adjourned. In the event of a virtual shareholders meeting, the Company shall also declare the meeting adjourned at the virtual meeting platform.

If the quorum is not met after two postponements as referred to in the preceding paragraph, but the attending shareholders represent one third or more of the total number of issued shares, a tentative resolution may be adopted pursuant to Article 175, Paragraph 1 of the Company Act; all shareholders shall be notified of the tentative resolution and another shareholders meeting shall be convened within one month. In the event of a virtual shareholders meeting, shareholders intending to attend the meeting online shall re-register to the Company in accordance with Article 6.

Before the conclusion of the meeting, the number of shares represented by the shareholders present at the meeting reaches a majority of the total number of issued shares, the chairperson shall, in accordance with Article 174 of the Company Act, make a false resolution and submit it to the shareholders' meeting for voting.

Article 10 If a shareholders' meeting is convened by the Board of Directors, its agenda shall be prescribed by the Board of Directors. Each proposal (including extemporary motion and the amendment to the original agenda) shall be resolved one by one. The meeting shall be held in accordance with the scheduled agenda and shall not be changed without a resolution of the shareholders' meeting.

If a shareholders' meeting is held by conveners' rights to convene the meeting other than those of the Board of Directors, the aforesaid provisions can be used.

The chairperson shall not adjourn the meeting until the adjournment of the proceedings (including extemporary motions) referred to in the preceding

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two paragraphs has been decided. If the chairperson announces the adjournment of the meeting in violation of the rules of procedure, the other members of the Board of Directors shall promptly assist the shareholders present at the meeting in the procedure prescribed by law and elect a chairperson by a majority vote of the shareholders present at the meeting to continue the meeting.

The chairperson shall allow ample opportunity during the meeting for explanation and discussion of proposals and of amendments or extemporary motions put forward by the shareholders; when the chairperson is of the opinion that a proposal has been discussed sufficiently to put it to a vote, the chairperson may announce the discussion closed, call for a vote and arrange for sufficient time for the voting.

Article 11 Before speaking, an attending shareholder must specify on a speaker’s slip the subject of the speech, his/her shareholder account number (or attendance card number), and account name. The order in which shareholders speak will be set by the chairperson.

If a shareholder attending the meeting only raises a speech note but does not speak, he/she shall be deemed not to have spoken. When the content of the speech does not correspond to the subject given on the speaker’s slip, the spoken content shall prevail.

A shareholder may not speak more than twice on the same proposal, except with the chair’s consent, and a single speech may not exceed 5 minutes. However, if the shareholder’s speech violates the rules or exceeds the scope of the agenda item, the chair may terminate the speech.

When an attending shareholder gives a speech, other shareholders shall not interfere with their speeches except with the consent of the chairperson and the speakers. Violators shall be stopped by the chairperson.

When a legal person shareholder appoints two or more representatives to attend a shareholders’ meeting, only one person is allowed to be elected to speak on the same resolution.

After an attending shareholder gives a speech, the chairperson shall reply in person or by designating relevant persons.

Where a virtual shareholders meeting is convened, shareholders attending the virtual meeting online may raise questions in writing at the virtual meeting platform from the chair declaring the meeting open until the chair declaring the meeting adjourned. No more than two questions for the same proposal may be raised. Each question shall contain no more than 200 words. The regulations in paragraphs 1 to 5 do not apply.

As long as questions so raised in accordance with the preceding paragraph

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are not in violation of the regulations or beyond the scope of a proposal, it is advisable the questions be disclosed to the public at the virtual meeting platform.

Article 12 Voting at shareholders’ meetings shall be calculated based on the number of shares.

The number of shares of non-voting shareholders as resolved at a shareholders’ meeting shall not be included in the total number of issued shares.

Shareholders shall not participate in voting or exercise their voting rights on behalf of other shareholders when their own interests may cause harm to the interests of the Company in relation to the matters at the meeting.

The number of shares not permitted to exercise their voting rights as referred to in the preceding paragraph shall not be included in the number of voting rights of shareholders present.

Except in the case of a trust enterprise or a stock agency approved by the Competent Authority for Securities Affairs, if more than two shareholders consign one person at the same time, the proxy’s voting rights shall not exceed 3% of the total voting rights of the issued shares. If the proxy’s voting rights exceed the total voting rights of the issued shares, the exceeding part shall not be included.

Article 13 A shareholder shall be entitled to one vote for each share held, except when the shares are restricted to shares or are deemed non-voting shares under the Company Act, Article 179, paragraph 2.

When convening a shareholders’ meeting, the Company shall exercise its voting rights electronically and in writing); When the voting right is exercised in writing or electronically, the method of exercising the voting right shall be specified in the notice of convening the shareholders’ meeting. Shareholders exercising their voting rights in writing or electronically shall be deemed to have attended the shareholders’ meeting in person. However, amendments to the extemporary motion and the original motion at such shareholders’ meeting shall be deemed to have been abstained from voting. Therefore, it is advisable for the Company to refrain from proposing extemporary motions and amendments to the original motion.

Where the voting rights referred to in the preceding paragraph are exercised in writing or electronically, the declaration of intention shall be served on the Company two days before the meeting of shareholders. In case of duplication of intention, the first one shall prevail. However, the restriction shall not apply to a declaration of intention made prior to the revocation of a declaration.

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After a shareholder has exercised voting rights by correspondence or electronic means, in the event the shareholder intends to attend the shareholders meeting in person or online, a written declaration of intent to retract the voting rights already exercised under the preceding paragraph shall be made known to the Company, 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 correspondence or electronic means shall prevail. If the voting right is exercised in writing or electronically and the proxy is entrusted to attend the shareholders' meeting, the voting right exercised by the proxy shall prevail.

Except as otherwise provided in the Company Act and the Articles of Association, the resolution shall be passed by a majority vote of the shareholders present at the meeting. At the time of voting, the chairperson or his/her nominee shall announce the total number of voting rights of the shareholders present on a case-by-case basis, and the shareholders shall vote by poll on a case-by-case basis. On the day after the convening of the shareholders' meeting, the results of the shareholders' approval, opposition and abstention shall be submitted to the MOPS.

If there are amendments or substitutions to the same motion, the chairperson shall decide on the order of voting with the original motion. If one of the motions is passed, the other motions shall be deemed to be negative and no further vote shall be required.

The scrutineers and tellers of the votes cast on the motion shall be appointed by the chairperson, but the scrutineers shall be shareholders.

The counting of votes for voting or electing resolutions at shareholders' meetings shall be conducted in a public place within the venue of the shareholders' meeting. After the counting of votes is completed, the voting result shall be announced on the spot, including the weighting of statistics and recording.

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

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

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When the Company convenes a hybrid shareholders meeting, if shareholders who have registered to attend the meeting online in accordance with Article 6 decide to attend the physical shareholders meeting in person, they shall revoke their registration two days before the shareholders meeting in the same manner as they registered. If their registration is not revoked within the time limit, they may only attend the shareholders meeting online.

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

Article 14 The election of Directors at a shareholders’ meeting shall be held in accordance with the applicable election and appointment rules adopted by the Company, and the voting results shall be announced on the spot immediately, including the names of those elected as Directors and the numbers 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. However, any action instituted by a shareholder pursuant to Article 189 of the Company Act shall be preserved until the conclusion of the action.

Article 15 The resolutions of the shareholders’ meeting shall be signed or sealed by the chairperson, and the minutes shall be distributed to all shareholders within 20 days after the meeting. The minutes shall be produced and distributed electronically.

The minutes referred to in the preceding Paragraph shall be distributed by way of an announcement entered by the Company into the Market Observation Post System.

The meeting minutes shall accurately record the year, month, day, and venue of the meeting, the chairperson’s full name, the methods by which resolutions were adopted, and a summary of the deliberations and their results (including the voting outcome). If the election of Directors is held, the minutes shall disclose the votes received by the elected directors. The minutes shall be retained for the duration of the existence of the Company.

When a shareholders’ meeting is convened virtually, in addition to the required items to be recorded in the meeting minutes pursuant to the preceding paragraph, the minutes shall also specify the meeting’s start and

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end time, the method of convening, the names of the chairperson and the recorder, and the handling measures and circumstances in the event of disruptions to the video conferencing platform or shareholders' participation due to natural disasters, incidents, or other force majeure events.

When convening a virtual-only shareholder meeting, other than compliance with the requirements in the preceding paragraph, the Company shall specify in the meeting minutes alternative measures available to shareholders with difficulties in attending a virtual-only shareholders' meeting online.

Article 16 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, the number of shares represented by proxies and the number of shares represented by shareholders attending the meeting by correspondence or electronic means, and shall make an express disclosure of the same at the place of the shareholders meeting. In the event of a virtual shareholders meeting, the Company shall upload the above meeting materials to the virtual meeting platform at least 30 minutes before the meeting starts, and keep this information disclosed until the end of the meeting.

During the Company's virtual shareholders meeting, when the meeting is called to order, the total number of shares represented at the meeting shall be disclosed on the virtual meeting platform. The same shall apply whenever the total number of shares represented at the meeting and a new tally of votes is released during the meeting.

If any matters resolved at the shareholders' meeting are subject to the provisions of laws and regulations and material information as prescribed by the Taiwan Stock Exchange Corporation (Juridical Person-Gretai Securities Market of the Republic of China), the Company shall submit the contents to the Market Observation Post System within the prescribed time limit.

Article 17 Staff handling administrative affairs of a shareholders' meeting shall wear identification cards or armbands.

The chairperson shall direct the proctors or security personnel to assist in maintaining order at the meeting. When proctors (or security personnel) help maintain order at the meeting place, they shall wear an identification card or armband bearing the word "Proctor" or identification cards.

If the meeting venue is equipped with amplification equipment, the chairperson shall stop others from speaking with the Company's equipment

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than shareholders.

When a shareholder violates the Rules and Procedures and defies the chairperson’s instruction, 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 18 When a meeting is in progress, the chairperson may announce a break based on time considerations. If a force majeure event occurs, the chairperson may rule the meeting temporarily suspended and announce a time when, in view of the circumstances, the meeting will be resumed.

If the meeting venue is no longer available for continued use and not all of the items (including extemporary motions) on the meeting agenda have been addressed, the shareholders’ meeting may adopt a resolution to resume the meeting at another venue.

A resolution may be adopted at a shareholders’ meeting to defer or resume the meeting within 5 days in accordance with the Company Act, Article 182.

Article 19 In the event of a virtual shareholders meeting, the Company shall disclose real-time results of votes and election immediately after the end of the voting session on the virtual meeting platform according to the regulations, and this disclosure shall continue at least 15 minutes after the chair has announced the meeting adjourned.

Article 20 When the Company convenes a virtual-only shareholders meeting, both the chair and secretary shall be in the same location, and the chair shall declare the address of their location when the meeting is called to order.

Article 21 In the event of a virtual shareholders meeting, the Company may offer a simple connection test to shareholders prior to the meeting, and provide relevant real-time services before and during the meeting to help resolve communication technical issues.

In the event of a virtual shareholders meeting, when declaring the meeting open, the chair shall also declare, unless under a circumstance where a meeting is not required to be postponed to or resumed at another time under Article 44-20, Paragraph 4 of the Regulations Governing the Administration of Shareholder Services of Public Companies, if the virtual meeting platform or participation in the virtual meeting is obstructed due to natural disasters, accidents or other force majeure events before the chair has announced the meeting adjourned, and the obstruction continues for more than 30 minutes, the meeting shall be postponed to or resumed on another date within five days, in which case Article 182 of the Company Act shall not apply.

For a meeting to be postponed or resumed as described in the preceding

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paragraph, shareholders who have not registered to participate in the affected shareholders meeting online shall not attend the postponed or resumed session.

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

During a postponed or resumed session of a shareholders meeting held under the second paragraph, no further discussion or resolution is required for proposals for which votes have been cast and counted and results have been announced, or list of elected directors and supervisors.

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

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

When postponing or resuming a meeting according to the second paragraph, the Company shall handle the preparatory work based on the date of the original shareholders meeting in accordance with the requirements listed under Article 44-20, paragraph 7 of the Regulations Governing the Administration of Shareholder Services of Public Companies.

For dates or period set forth under Article 12, second half, and Article 13, paragraph 3 of Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies, and Article 44-5, paragraph 2, Article 44-15, and Article 44-17, paragraph 1 of the Regulations Governing the Administration of Shareholder Services of Public Companies, The Company shall handle the matter based on the date of the shareholders meeting that is postponed or resumed under the second paragraph.

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Article 22 When convening a virtual-only shareholders meeting, the Company shall provide appropriate alternative measures available to shareholders with difficulties in attending a virtual shareholders meeting online. When the Company convenes a virtual-only shareholders' meeting, it shall also specify appropriate alternative measures available to shareholders who have difficulty taking part in the virtual-only shareholders' meeting. Except for the situations specified in Paragraph 6, Article 44-9 of the Regulations Governing the Administration of Shareholder Services of Public Companies, it shall at least provide said shareholders with connection facilities and necessary assistance, and shall specify the period during which shareholders may file applications with the Company and other related matters to be attended.

Article 23 Matters not provided in these Rules and Procedures shall be handled in accordance with the relevant provisions of the Company Act, the Company's Articles of Incorporation and other applicable laws and regulations.

Article 24 These Rules and Procedures, and any amendments hereto, shall be implemented from the date the Shareholders' Meeting adopts it.

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Appendix III

RUN LONG CONSTRUCTION CO., LTD.

Shareholdings of Directors

I. The Company's paid-in capital was NT$8,930,317,430 with 893,031,743 shares issued.
II. According to Article 26 of the Securities and Exchange Act, the minimum number of shares required to be held by all directors is 28,577,015 shares. (Note)
III. As of the share transfer suspension date for this shareholders' meeting (April 11, 2026), the number of shares held by directors as recorded in the shareholders' register complies with the minimum shareholding requirements stipulated in Article 26 of the Securities and Exchange Act.

Job Title	Name	Number of shares held in the shareholder register on the date of suspension of share transfer	Holding shares ratio
Chairperson	Da-Li Investment Co., Ltd Representative: Chiu, Ping-Tse	34,974,650	3.92%
Director	Da-Li Investment Co., Ltd Representative: Lin, Wei-Chum	34,974,650	3.92%
Director	Da-Li Investment Co., Ltd Representative: Lu, Chia-Yin	34,974,650	3.92%
Director	Da-Li Investment Co., Ltd Representative: Chen, Kuo-Yen	34,974,650	3.92%
Independent Director	Yen, Yun-Chi	0	0%
Independent Director	Chou, I-Chiang	0	0%
Independent Director	Hu, Rai	65,305	0.01%

Note: For public companies, shares held by elected independent directors are excluded from calculation of the minimum shareholdings; if there are more than two independent directors on board, the minimum shareholding requirement for all non-independent directors can be reduced to 80% of the statutory percentage.

This meeting handbook is prepared in accordance with the Chinese version and is for reference only. In the event of any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.

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AI assistant

RUN LONG — AGM Information 2026

51927_rns_2026-05-20_bb996c1a-0dce-4354-84de-8799f237feee.pdf

RUN LONG CONSTRUCTION CO., LTD.

2026 Annual Shareholders’ Meeting Meeting Handbook

Table of Contents

RUN LONG CONSTRUCTION CO., LTD.

Audit Committee Review Report

Ratification item(s)

Discussion Item(s)

Extemporary Motions

Issuance of Corporate Bonds

Independent Auditors’ Report

Opinion

Basis for Opinion

Key Audit Matters

Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements

Notes to Readers

Independent Auditors' Report

Opinion

Basis for Opinion

Key Audit Matters

Description of key audit matter

Auditing procedures performed

2. Inventory valuation

Description of key audit matter

Auditing procedures performed

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

Auditors' Responsibilities for the Audit of the Financial Statements

Notes to Readers

Chapter II Shares

Chapter III Shareholders' Meetings

Chapter IV Directors and Audit Committee

Article 20-1

Article 21

Article 22

Article 23

Article 24

Chapter V Managerial Officers

Article 25

Chapter VI Accounting

RUN LONG CONSTRUCTION CO., LTD.

Shareholdings of Directors

More from RUN LONG

RUN LONG AGM Information 2026