Baocheng Company Announces Factory Construction in India Through Subsidiary

Release Date: 1150711 Announcement Date: 1150710 Announcement Time: 183701 Company Code: 9904 Company Name: Baocheng Subject: Announcement by Subsidiary High Glory Footwear India Private Ltd on Factory Construction via Leasehold Construction (Supplement to 114/02/14 Announcement) Applicable Clause: Clause 20 Date of Fact: 1150710 Explanation: 1. Contract Type: Leasehold Construction 2. Date of Fact: 115/7/10~115/7/10 3. Board of Directors Approval Date: February 14, 2023 4. Other Decision Dates: Not Applicable 5. Contract Counterparties and Their Relationship with the Company: Contract Counterparties: ORBITTAL ELECTROMECH ENGINEERING PROJECTS PRIVATE LIMITED and VIDVEDAA PRIVATE LIMITED, among others Relationship with the Company: None 6. Main Contract Contents (Including Total Contract Amount, Estimated Amount to be Invested, and Contract Start and End Dates), Restrictive Clauses, and Other Important Agreements: Total Contract Amount: 109,060,000 USD Contract Start and End Dates, Restrictive Clauses, and Other Important Agreements: As per the contract agreement 7. Names of Professional Appraisal Firms or Companies and Their Appraisal Results: Not Applicable 8. Names of Real Estate Appraisers: Not Applicable 9. Real Estate Appraiser Business License Numbers: Not Applicable 10. Specific Purpose of Acquisition: Operational Needs 11. Opinions of Directors Opposing the Transaction: None 12. Whether This Transaction is a Related Party Transaction: No 13. Date of Approval by Supervisors or Agreement by the Audit Committee: Not Applicable 14. Whether the Appraisal Report is a Limited Price, Specific Price, or Special Price: No or Not Applicable 15. Whether the Appraisal Report Has Not Yet Been Obtained: No or Not Applicable 16. Reasons for Not Yet Obtaining the Appraisal Report: Not Applicable 17. Causes and Accountant's Opinions in Case of Significant Differences in Appraisal Results: Not Applicable 18. Names of Accounting Firms: Not Applicable 19. Names of Accountants: Not Applicable 20. Accountant Business License Numbers: Not Applicable 21. Date of Previous Major Information Disclosure on the Same Matter: February 14, 2023 22. Other Matters: Supplement to Announcement of Contract Counterparties and Total Contract Amount