Key Subsidiary Jingyun Technology Announces Disposal Plan for Tainan Plant Assets

Announcement Date: July 7, 2026 Statement Date: July 6, 2026 Statement Time: 16:26:56 Company Code: 2438 Company Name: Xiang Yao Subject: Announcement by key subsidiary Jingyun Technology Co., Ltd. regarding the asset revitalization and disposal plan for its Tainan plant Applicable Clause: Clause 4 Factual Date: July 6, 2026

1. Factual Date: 07/06/2026 2. Name and Nature of the Asset: Land, buildings, and facilities of Jingyun Technology Co., Ltd.'s Tainan plant 3. Transaction Price: The disposal will be conducted via public auction. The reserve price is tentatively set at NT$820,000,000. The final transaction price will be determined by the auction results 4. Counterparty: Not yet determined, as the transaction will be conducted through public bidding 5. Relationship with the Company: To be determined 6. Estimated Gain/Loss on Disposal: Based on the reserve price of NT$820,000,000, after deducting the book value of the asset (approximately NT$298,362,000) and estimated transaction costs, the estimated disposal gain is approximately NT$476,508,000. The actual gain or loss will be determined based on the final transaction price, actual costs, tax liabilities, and auditor review or audit results 7. Appraisal Institutions: Objective Real Estate Appraiser Joint Office, Zhanqi Real Estate Appraiser Joint Office 8. Appraisal Values: Objective Real Estate Appraiser Joint Office: NT$817,543,603; Zhanqi Real Estate Appraiser Joint Office: NT$825,134,663 9. Reason for Significant Difference from Transaction Amount and Auditor's Opinion: The reserve price of NT$820,000,000 was determined by referencing the appraisal values from both institutions, considering the asset's current condition, regional market trends, the public bidding method, and the company's funding needs. There is no significant difference from the appraisal values; therefore, this clause does not apply 10. Amount of Disposed Business/Assets: Book value of the disposed assets is approximately NT$298,362,000 11. Percentage of Disposed Assets to Net Property, Plant, Equipment, and Investment Properties: Approximately 98.96% 12. Percentage of Disposed Assets to Total Assets: Approximately 58.16% 13. Broker: Heshibi International Commercial Real Estate Co., Ltd. 14. Brokerage Fee: 3% of the final transaction price, plus sales tax 15. Specific Purpose or Use of Disposal: Asset revitalization, reduction of real estate holding costs, enhancement of operating capital, debt repayment, and improvement of the group's financial structure 16. Decision-Making Process: The plan has been approved by the board of directors of Jingyun Technology Co., Ltd. and will be executed through public bidding, subject to shareholder approval as required by law. After shareholder approval, the process will proceed in accordance with public bidding procedures and relevant regulations 17. Expected Impact on Company's Financial and Business Operations: If the public bidding and disposal are successfully completed, it is expected to increase cash inflow for Jingyun Technology Co., Ltd., reduce debt and interest burdens, and improve the group's financial structure. The actual financial impact will depend on the final transaction price, actual transaction costs, tax liabilities, and auditor review or audit results 18. Other Matters to be Disclosed: (1) The plan has not yet been approved by the shareholders' meeting of Jingyun Technology Co., Ltd., and the public bidding process has not been completed. The counterparty and final transaction price are not yet determined (2) If the shareholders' meeting approves the plan and significant progress such as bidding, awarding, or contract signing occurs, the company will make public announcements and filings as required by law (3) The subject of this announcement is a key subsidiary of the company. Whether it qualifies as a material event under Article 7, Clause 4 of the Enforcement Rules of the Securities and Exchange Act, which significantly affects shareholders' rights or stock prices, will be determined based on actual circumstances