Subsidiary Puyang Development Tech Evaluates Factory Land Acquisition, Authorized to Disburse Mediation Fund

Release Date: 1150813 Statement Date: 1150812 Statement Time: 184947 Company Code: 4736 Company Name: Tibo Subject: Announcement on behalf of subsidiary Puyang Development Technology Corp. regarding the evaluation of factory land acquisition, authorization to disburse a mediation fund, and related price negotiation matters. Applicable Clause: Clause 51 Event Date: 1150812

Details: 1. Event Date: 115/08/12 2. Company Name: Puyang Development Technology Corp. 3. Relationship with Company (please enter 'our company' or 'subsidiary'): Subsidiary 4. Cross-shareholding Ratio: 79.65% 5. Reason: Puyang Development Technology Corp., a subsidiary, is evaluating the acquisition of factory land and facilities. The board of directors has authorized the chairman to disburse a mediation fund and proceed with price negotiations. If negotiations ultimately fail, the amount will be fully recovered as per agreement; if successful, it will be applied as part of the contract price. 6. Response Measures: None. 7. Other Matters to be Disclosed (if the subject of the event or resolution is a publicly listed company or above, this material information also meets the criteria under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act regarding matters significantly affecting shareholders' rights or securities prices): None.