[SinoPac] SinoPac Financial Holdings Announces Subsidiary King's Town Bank's Budget Increase for Urban Renewal Project

1. Date of original announcement: 2022/11/28 2. Summary of original announcement: On 2022/11/28, King's Town Bank participated in an urban renewal project for a plot of land located at No. 212, Section 2, Fuxing Section, Da'an District, Taipei City. The pre-renewal value was TWD 829,260,590 (20.157039% share). The post-renewal allocable value was estimated at TWD 1,699,810,030 (including a self-funded portion of approximately TWD 585,680,233). 3. Reason for change and main content: Due to practical operational needs, the self-funded budget is to be increased to a maximum of TWD 969,680,233. The estimated post-renewal allocable value is now projected at TWD 2,203,810,030. The final amount will be settled based on actual execution. 4. Impact on company finance and business after change: None. 5. Other matters to be stated: None. Keywords: Material Information