Bright LED Electronics : The company's board of directors approved acquisition of a minority stake in KoBrite Corp. and the reorganization of its investment structure.

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

2. Company name: Bright LED Electronics Corp.

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

4. Reciprocal shareholding ratios: Not applicable

5. Cause of occurrence:

1) KoBrite Corp. is a 92.64%-invested subsidiary of the company. The company plans to acquire a minority stake based on the net value per share of KoBrite Corp. at the end of 2023. The estimated total purchase price is USD 468,000, which will be used as working capital.

2) After the company obtains the entire equity of KoBrite Corp., the company will reorganize the investment structure and KoBrite Corp. will transfer its equity interests in each subsidiary to the company based on the net book value. After the equity transfers are completed, KoBrite Corp. will be dissolved and liquidated.

6. Countermeasures:

1) The amount of this minority stake acquisition is not significant and has no significant impact on the company's finances.

2) The equity transfer price of the investment structure reorganization is based on the net book value of the individual subsidiary companies. There is no actual receipt or payment of funds and no impact on the company's shareholders' equity.

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.): This case shall be implemented after application to Department of Investment Review under the Ministry of Economic Affairs for approval. The board of directors authorizes the chairman to handle matters related to equity transfer.