Announcement

No. 1 Date 2020/11/16 Time 17:36:17
Subject Announcement of the resolution by the board of directors to distribute dividends, on behalf of major subsidiary HC (Asia) Holdings Co., Ltd.
Date of events 2020/11/16 To which item it meets paragraph 14
Explanation 1.Date of the board of directors resolution:2020/11/16
2.Type and monetary amount of dividend distribution:Total amount of cash dividends is USD 1,924,042.44 dollars
3.Any other matters that need to be specified:
Hon Chuan Holding Limited:100% re-investment of the Company
HC (Asia) Holdings Co., Ltd.:100% re-investment of Hon Chuan Holding Limited
HC (Asia) Holdings Co., Ltd. announced the distribution of its first and second cash dividend of 2019 on September 23 and October 14, 2020,
and today (2020/11/16) its third cash dividend of 2019 proposed by the Board of HC (Asia) Holdings Co., Ltd. is USD 1,924,042.44 dollars to
Hon Chuan Holding Limited.