Board Approval of Subsidiary RiTWIN Technology’s Application for Public Offering and Emerging Stock Registration

Explanation

1. Date of Occurrence: October 28, 2024 (ROC Year 113/10/28)

2. Company Name: RiTWIN Technology Co., Ltd.

3. Relationship to the Company: Subsidiary

4. Mutual Shareholding Ratio: 72.78%

5. Cause of the Event:
   The subsidiary RiTWIN Technology Co., Ltd., as part of its plan for a future stock listing on the Taiwan Stock Exchange (TWSE) or OTC market, intends to apply to the Taipei Exchange (TPEx) for public issuance of shares and registration on the Emerging Stock Board.

6. Countermeasures: None.

7. Other Matters to Be Stated:
   (If the event or resolution concerns a company already publicly listed or of equivalent scale, this material information is deemed significant under Article 7, Paragraph 9 of the Securities and Exchange Act Enforcement Rules, having potential impact on shareholders’ equity or the company’s securities price.)
   None.