Phihong Technology Co., Ltd. announced its Board of Directors approved to sign a syndicated loan contract with Shin Kong Bank,Shanghai Commercial & Savings Bank,Hua Nan Commercial Bank and other joint credit-granting bank groups. A joint credit contract with a total amount of TWD 3 billion for Three years from the date of first drawdown, with a 2 year of extension period. Effect on company finances and business: Repay the entire loan balance of the 2019 joint loan case and enrich the funds required for operating turnover.

Concrete purpose/objective: Repay the entire loan balance of the 2019 joint loan case and enrich the funds required for operating turnover.