Kin Shing Electric Announces Redemption of Third Domestic Unsecured Convertible Bonds and Termination of OTC Trading

Release Date: July 8, 115 Statement Date: July 7, 115 Statement Time: 16:10:13 Company Code: 2368 Company Name: Kin Shing Electric Subject: Announcement regarding the exercise of the redemption right by the issuer of Kin Shing Electric's third domestic unsecured convertible bonds (abbreviated as 'Kin Shing Electric III', code: 23683) and the termination of over-the-counter (OTC) trading on August 21, 115. Applicable Clause: Clause 51 Factual Date: July 7, 115 Explanation: Content is handled in accordance with Article 18 of the 'Kin Shing Electric III' Issuance and Conversion Regulations. The issuer will exercise its bond redemption right from July 22, 115 to August 20, 115, at a redemption price equal to 100.0000% of the bond's face value.

(1) According to Article 18 of the Issuance and Conversion Regulations of the third domestic unsecured convertible bonds of Kin Shing Electric, starting from the day after the third month following issuance (February 25, 115) until 40 days before the maturity date (October 15, 119), if the closing price of the company's common stock exceeds 130% (inclusive) of the current conversion price for 30 consecutive trading days, the company may, within the subsequent 30 trading days, send a 'Bond Redemption Notice' via registered mail, effective 30 days after mailing (the period starting from the mailing date and ending on the redemption benchmark date, which must not fall within any suspension period for conversion). The redemption price shall be equal to the face value of the bonds, and the company shall redeem all outstanding convertible bonds in cash. The company shall submit a request for redemption and complete the cash redemption of all outstanding convertible bonds within five business days after the redemption benchmark date.

(2) Period for notice and acceptance of bond redemption: July 22, 115 to August 20, 115 (3) Bond redemption benchmark date: August 20, 115 (4) Date of termination of OTC trading for convertible bonds: August 21, 115 (5) Date of registered mailing of the 'Bond Redemption Notice': July 22, 115 (6) Bond redemption procedures: (1) If you have already applied for conversion or sold your 'Kin Shing Electric III' bonds, this notice shall automatically become invalid. (2) As the bonds are issued in book-entry form, bondholders must apply for redemption procedures through their original securities broker from the business day before the redemption period begins (July 21, 115) to the business day before the redemption period ends (August 19, 115). There is no need to physically retrieve the bonds. (3) Please submit the following: (i) 'Application Form for Book-Entry Transfer, Conversion, Redemption, or Sale of Convertible Bonds' (available from your securities broker), stamped with the original seal registered with your securities custodial account; and (ii) your securities passbook. Proceed to your original securities broker to complete the redemption process.

(7) Principal repayment for the redeemed bonds will be uniformly disbursed via bank transfer or registered mail check on August 27, 115. (8) Company Shareholder Services Agent (address and phone number): CTBC Bank, Agency Department (Address: 5F, No. 83, Sec. 1, Chongqing S. Rd., Zhongzheng District, Taipei City; Phone: (02) 6635-5566)

Warning: Investors eligible for conversion, please note that if you do not submit a written conversion request by August 24, 115, the company will redeem all your bonds in cash at face value.