Bright LED Electronics : Subsidiary KoBrite Corp. announced that its board of directors passed the resolution to reorganize its investment structure

1. Date of occurrence of the event: 2024/03/14

2. Company name: KoBrite Corp.

3. Relationship to the Company (please enter"head office" or"subsidiaries"): Subsidiary

4. Reciprocal shareholding ratios: Not applicable

5. Cause of occurrence:

Bright LED Electronics Corp. holds 92.64% of the company's shares and plans to acquire rest of minority interests and becomes the parent company of the company with 100% shares. After Bright LED Electronics Corp. acquires the entire equity of the Company, the Company agrees to reorganize the investment structure. The company will transfer its equity interests in each subsidiary to Bright LED Electronics Corp. based on the net book value. After the equity transfers are completed, the company will be dissolved and liquidated.

6. Countermeasures: Cooperating with the parent company in equity transfer.

7. Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): None