Dyaco International Inc. signed a strategic business development agreement with Jui Li Enterprise Co., Ltd. Counterparty to the contract or commitment: Jui Li Enterprise Co., Ltd. Starting and ending dates (or rescission date) of the contract or commitment: October 19, 2023 (Agreement Date). This partnership will focus on the joint design, development, and manufacture of sports equipment and E-bikes to further improve overall operational productivity and product competitiveness for both companies. Restrictive covenants (not applicable where rescinded): Materials obtained through other parties shall be kept confidential by both parties.

Effect on company finances and business: This partnership is aiming for long-term business development and will have no significant short-term impact on finances. Concrete purpose/objective: Strengthen business cooperation between the two parties.