Huaku Development Co., Ltd. announced the approval signing NanGangYuCheng project's construction contract with a related party by the board of directors of Huaku. Type of contract: Self-built. Date of occurrence of the event: February 22, 2023.

Counterparty to the contract and relationship with the Company: Counterparty to the contract: Pinshing Construction Co., Ltd. Relationship with the company: Subsidiary. Major content of the contract: Proposed to sign a construction contract (basic engineering, exterior wall and elevator equipment) with Pinxing Construction at TWD 1,741,000,000.