2722 Summer Land

Release Date: July 9, 115 Statement Date: July 8, 115 Statement Time: 17:27:26 Company Code: 2722 Company Name: Summer Land Subject: Announcement of Commitments Made by the Company at Initial Stock Listing Application and Their Subsequent Implementation Status Applicable Clause: Clause 51 Factual Date: July 8, 115

Details: 1. Factual Date: 7/8/115 2. Company Name: Summer Land International Development Co., Ltd. 3. Relationship with Company (Please enter '本公司' or 'Subsidiary'):本公司 4. Cross-shareholding Ratio: Not applicable 5. Media Name: Not applicable 6. Report Content: Not applicable 7. Reason for Occurrence: In accordance with the letter No. 1010000048 issued by Taiwan Stock Exchange Corporation on January 3, 101, this announcement discloses the commitments made by the Company at the time of its initial stock listing and their implementation status as of the first quarter of year 115.

I. Commitments submitted by the Company upon initial listing application, as required by Taiwan Stock Exchange Corporation, are as follows:

(A) Matters committed to be disclosed in the public offering memorandum: 1. Reasonableness of performance changes over the past three years and the first three quarters of the application year (100). 2. Restrictive clauses in the 'Investment and Operation Agreement for Recreational Facilities Area in the Coastal Zone of Kenting Forest Recreation Area' signed with the Forestry and Natural Conservation Agency, Ministry of Agriculture, the Company's response measures, and future operational development plans. 3. Impact of the operational term restrictions in the 'Investment and Operation Agreement for Recreational Facilities Area in the Coastal Zone of Kenting Forest Recreation Area' on the offering price.

(B) Commitments submitted: 1. Prior to listing, convene an extraordinary shareholders' meeting to amend the company charter by adding a clause to 'allocate special surplus reserves as an expansion fund.' From 100 to 137, in any fiscal year when the Company operates from a single location, 20% of post-tax profits shall be allocated to a fund for expanding operational sites. This allocation will cease only upon securing a new operational site (with a total investment of at least NT$500 million) and achieving positive investment returns for two consecutive years, or when the fund reaches twice the paid-in capital. 2. Prior to listing, amend Article 16 of the company charter regarding the determination method of directors' and supervisors' remuneration. 3. Major shareholders, Guantian Investment Development Co., Ltd. and Zhongxin Development Co., Ltd., shall deposit all their shares in the Company into the Taiwan Depository & Clearing Corporation (TDCC). These shares may only be reclaimed after the total investment in the new operational site exceeds NT$500 million and positive investment returns are achieved for two consecutive years.

8. Response Measures: Subsequent Implementation Status: (A) Already disclosed in the public offering memorandum used for pre-listing public offering and initial stock listing. (B) Items 1 and 2 were implemented by amending the company charter at an extraordinary shareholders' meeting held on February 3, 101. 1. According to Article 24 of the Company's charter, if there is a surplus in the annual financial settlement, it shall first be used to cover any losses, then statutory and special surplus reserves shall be allocated in order. The Company's after-tax net profit for year 114 was NT$69,818,718; no special surplus reserve was allocated, resulting in a cumulative deficit of NT$301,884,529, which has not yet reached twice the paid-in capital. 3. In accordance with the commitment, shares held by major shareholders Guantian Investment Development Co., Ltd. and Zhongxin Development Co., Ltd. were deposited into the TDCC on March 9, 101.

9. Other Matters to be Disclosed: None