Summer Palace International Development Announces Commitments Made at Initial Listing and Subsequent Implementation Status

1. Date of Event: 07/08/2026

2. Company Name: Summer Palace International Development Co., Ltd.

3. Relationship with Company (please enter '本公司' or 'Subsidiary'):本公司

4. Cross-shareholding Ratio: Not applicable

5. Media Name: Not applicable

6. Report Content: Not applicable

7. Reason for Occurrence: In accordance with the letter No. 1010000048 issued by Taiwan Stock Exchange Corporation on January 3, 2012, this announcement discloses the implementation status of commitments made by the Company at the time of its initial listing, as of the first quarter of 2026.

I. At the time of its initial listing application, the Company made the following commitments as required by Taiwan Stock Exchange Corporation:

(A) The Company committed to disclose the following matters in its prospectus:

1. Reasonableness of performance changes over the past three years and the first three quarters of the application year (2011).

2. Restrictive clauses in the 'Investment and Operation Agreement for the Recreational Facilities Area of the Coastal Zone, Kenting Forest Recreation Area' signed with the Forestry and Nature Conservation Agency, Ministry of Agriculture, the Company's response measures, and future operational development plans.

3. The impact of the operational term restrictions in the 'Investment and Operation Agreement for the Recreational Facilities Area of the Coastal Zone, Kenting Forest Recreation Area' on the underwriting price.

(B) Commitments made:

1. Prior to listing, convene an extraordinary shareholders' meeting to amend the Company's Articles of Incorporation to include a provision for 'allocating special surplus reserves as an expansion fund.' From 2011 to 2048, in any year the Company operates from a single location, 20% of post-tax profits shall be allocated to a fund for expanding operational sites. This allocation will cease only upon acquiring a new operational site (with a total investment of at least NT$500 million) that generates positive investment returns for two consecutive years, or when the fund balance reaches twice the paid-in capital.

2. Prior to listing, amend Article 16 of the Company's Articles of Incorporation regarding the determination method for directors' and supervisors' remuneration.

3. Major shareholders, Kuantian Investment Development Co., Ltd. and Chung Hsin Development Co., Ltd., shall deposit all their shares in the Company into the Taiwan Depository & Clearing Corporation (TDCC). These shares may only be withdrawn after the total investment in a new operational site exceeds NT$500 million and positive investment returns are achieved for two consecutive years.

8. Response Measures:

Subsequent Implementation Status:

(A) Already disclosed in the prospectus for public offering and initial listing.

(B) Items 1 and 2 were implemented by amending the Articles of Incorporation at an extraordinary shareholders' meeting held on February 3, 2012.

1. According to Article 24 of the Company's Articles of Incorporation, if there is a surplus in the annual financial settlement, losses shall first be offset, followed by allocations to statutory surplus reserves and special surplus reserves in the order prescribed by the Articles. The Company's post-tax net profit for 2025 was NT$69,818,718; however, no special surplus reserve was allocated (NT$0), resulting in a cumulative deficit in special surplus reserves of NT$301,884,529, which has not yet reached twice the paid-in capital. Therefore, allocations continue.

3. In accordance with the commitment, shares held by major shareholders Kuantian Investment Development Co., Ltd. and Chung Hsin Development Co., Ltd. were deposited into the TDCC on March 9, 2012.

9. Other Matters to be Disclosed: None