SinoPac Financial Holdings Decides to Acquire Full Ownership of AMRET PLC in Cambodia

Announcement Date: 115/05/22 Company Code: 2890 Company Name: SinoPac Financial Holdings Subject: SinoPac Financial Holdings announces, through subsidiary Bank SinoPac, a change in the acquisition plan for the remaining equity of AMRET PLC in Cambodia, moving from a phased approach to a one-time acquisition.

Description: 1. Type of Acquisition: Acquisition 2. Date of Event: 115/05/22 3. Participating Company: AMRET PLC. 4. Counterparties: FMO, IFC 5. Are counterparties related parties? Yes 6. Relationship with Company: Major shareholder of the bank subsidiary AMRET PLC; completion of this acquisition will result in SinoPac Financial Holdings holding 100% of AMRET PLC's equity; no impact on shareholder rights. 7. Purpose and Conditions: The bank's board previously approved on 113/05/04 the acquisition of 100% of AMRET in three phases. Approximately 80% was acquired in the first phase on 114/01/14. Now, it is planned to change to a one-time acquisition of the remaining equity. The bank will acquire 19.5% and SinoPac Leasing will acquire 0.5%. 8. Expected Benefits: Expansion of overseas presence, scaling of business, and enhancement of the bank's ESG capacity. 9. Impact on EPS and Book Value: Expected to have a positive impact on the bank's overall future profitability. 10. Payment Method and Source of Funds: Cash, funded by the bank's own capital. 11. Swap Ratio: Not applicable 17. Scheduled Completion: Will be submitted to relevant regulatory authorities for approval, and upon receipt, the transaction will be closed according to the share purchase agreement. 19. Company Profiles: SinoPac is a commercial bank; AMRET PLC is a micro-deposit financial institution in Cambodia. 25. Dissenting Directors: None 31. Other Matters: Subject to approval by the competent authorities.