Announcement

No. 1 Date 2022/02/24 Time 10:27:49
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 2022/02/24 To which item it meets paragraph 14
Explanation 1.Date of the board of directors resolution:2022/02/24
2.Type and monetary amount of dividend distribution:Total amount of
cash dividends is USD 3,493,656.01 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 Cash
dividend proposed by the Board of HC (Asia) Holdings Co., Ltd.
is USD 3,493,656.01 dollars to Hon Chuan Holding Limited.