Cheng Loong Corporation announced that the Company's Board of Directors' resolution of investment to set up the 100% owned subsidiary, New Chung Ming International Co. Ltd. Amount, unit price, and total monetary amount of the transaction: Total monetary amount of the transaction: TWD 500,000,000. Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Remitted in once according to capital needs.

The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: Resolved by the Company's Board of Directors. Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: Monetary amount: TWD 500,000,000, Shareholding percentage:100%, Status of any restriction of rights:None. Concrete purpose or use of the acquisition or disposal: To optimize investment structure.

Date of the board of directors resolution is May 9, 2024. Date of ratification by supervisors or approval by the Audit Committee is May 9, 2024.