Qiang Mao Announces Guarantee Disclosure under Article 25, Paragraph 4 of the Handling Guidelines for Loans and Endorsements by Publicly Listed Companies

1. Event Date: 115/08/10

2. Details of Endorsed Companies:

(1) Company Name: PAN-JIT ASIA INTERNATIONAL INC. (2) Relationship with Guarantee Provider: A: Guaranteeing Company: Qiang Mao Corporation B: Relationship with Guaranteed Company: Directly 100% owned subsidiary of the Company (3) Guarantee Limit (in thousand NTD): 15,059,450 (4) Previous Guarantee Balance (in thousand NTD): 2,849,440 (5) Amount of New Guarantee (in thousand NTD): 3,238,000 (6) Guarantee Balance as of Event Date (in thousand NTD): 6,087,440 (7) Actual Drawdown Amount by Guaranteed Company (in thousand NTD): 2,460,880 (8) Reason for New Guarantee: To assist PAN-JIT ASIA INTERNATIONAL INC. in securing a syndicated loan facility from a banking consortium for repayment of existing financial liabilities and to strengthen working capital, the Company applied for endorsement guarantee as requested by the banking group.

(1) Company Name: JOYSTAR INTERNATIONAL CO., LTD. (2) Relationship with Guarantee Provider: A: Guaranteeing Company: Jingmao Technology Co., Ltd. B: Relationship with Guaranteed Company: Directly 100% owned subsidiary of Jingmao Technology Co., Ltd. (3) Guarantee Limit (in thousand NTD): 1,588,482 (4) Previous Guarantee Balance (in thousand NTD): 194,280 (5) Amount of New Guarantee (in thousand NTD): 97,140 (6) Guarantee Balance as of Event Date (in thousand NTD): 291,420 (7) Actual Drawdown Amount by Guaranteed Company (in thousand NTD): 194,280 (8) Reason for New Guarantee: To assist JOYSTAR INTERNATIONAL CO., LTD. in securing a bank loan facility to strengthen working capital, Jingmao Technology Co., Ltd. applied for an endorsement guarantee as requested by the bank.

3. Collateral Provided by Guaranteed Companies: (1) Description: None (2) Value (in thousand NTD): 0

4. Latest Financial Statements of Guaranteed Companies: (1) Capital (in thousand NTD): 8,299,512 (2) Accumulated Profit/Loss (in thousand NTD): 544,049

5. Conditions for Release of Guarantee Liability: (1) Condition: Expiration of the bank financing facility and full repayment of debt by the guaranteed company (2) Date: Debt repayment date of the guaranteed company

6. Total Guarantee Limit (in thousand NTD): 18,071,340

7. Total Guarantee Balance as of Event Date (in thousand NTD): 6,657,680

8. Ratio of Guarantee Balance Provided by Party A to Net Equity in the Latest Financial Statements of the Publicly Listed Company: 44.21%

9. Combined Ratio of Guarantee Balance, Long-Term Investments, and Fund Lending to Net Equity in the Latest Financial Statements of the Publicly Listed Company: 105.81%

10. Other Disclosures: (1) Details of New Guarantees: (A) Qiang Mao Corporation (the Company) has added a USD 100 million endorsement guarantee for its subsidiary PAN-JIT ASIA INTERNATIONAL INC., which aims to repay bank loans and strengthen working capital. The board approved the formation of a USD 80 million syndicated loan, with an upper limit of USD 100 million in case of oversubscription. (B) Jingmao Technology Co., Ltd. has added a USD 3 million endorsement guarantee for its subsidiary JOYSTAR INTERNATIONAL CO., LTD.

(2) Capital in the Latest Financial Statements of Guaranteed Companies: NTD 8,299,512 thousand. PAN-JIT ASIA INTERNATIONAL INC.: NTD 7,276,563 thousand (USD 224,724 thousand × 32.38) JOYSTAR INTERNATIONAL CO., LTD.: NTD 1,022,949 thousand (USD 31,592 thousand × 32.38)

(3) Accumulated Profit/(Loss) in the Latest Financial Statements of Guaranteed Companies: NTD 544,049 thousand. PAN-JIT ASIA INTERNATIONAL INC.: NTD 660,261 thousand (USD 20,391 thousand × 32.38) JOYSTAR INTERNATIONAL CO., LTD.: NTD -116,212 thousand (-USD 3,589 thousand × 32.38)