Kosen Announces Endorsement Guarantee for Subsidiary, Compliant with 'Funds Lending and Endorsement Guarantee Handling Standards' Article 25, Paragraph 1, Clause 4

1. Event Date: 115/08/12

2. Details of the Guaranteed Party: (1) Company Name: EZConn USA Inc. (2) Relationship with the Guarantee Provider: A wholly-owned investment entity directly held by our company (3) Endorsement Guarantee Limit (in thousands): 2,718,120 (4) Previous Outstanding Balance of Endorsement Guarantee (in thousands): 0 (5) Amount of New Endorsement Guarantee This Time (in thousands): 1,610,250 (6) Outstanding Balance of Endorsement Guarantee as of Event Date (in thousands): 1,610,250 (7) Actual Amount Drawn by the Guaranteed Company (in thousands): 0 (8) Reason for This Additional Guarantee: Operational Needs

3. Collateral Provided by the Guaranteed Company: (1) Description: None (2) Value (in thousands): 0

4. Latest Financial Statement Information of the Guaranteed Company: (1) Capital (in thousands): 3,221 (2) Accumulated Profit/Loss Amount (in thousands): -20,767

5. Conditions for Release from Endorsement Guarantee Liability: (1) Condition: As stipulated in the contract with the endorsing company (2) Date: As stipulated in the contract with the endorsing company

6. Total Endorsement Guarantee Limit (in thousands): 5,436,240

7. Outstanding Endorsement Guarantee Balance as of Event Date (in thousands): 1,610,250

8. Ratio of Outstanding Endorsement Guarantee Provided by Company A to the Net Asset Value in the Most Recent Financial Statements of the Publicly Issued Company as of Event Date: 11.85

9. Combined Ratio of Endorsement Guarantee, Long-Term Investment, and Funds Lent to the Net Asset Value in the Most Recent Financial Statements of the Publicly Issued Company as of Event Date: 14.07

10. Other Matters to Be Disclosed: None