The Board of Directors of Hong Tai Electric Industrial Co., Ltd. resolved to terminate the operation of the underperforming CCL division. The CCL division will evaluate options such as complete closure or sale of the plant. In response to the domestic power grid resilience plan and to strengthen the future development of power cable division, the land and factory building will be transferred to the power cable division for its use.

Existing employees will be given priority to internal job vacancies. In the event that there are no suitable job openings available, employee layoff will be handled in accordance with the Labor Standards Act. After preliminary evaluation, there is no significant impact on the company's finances and operations.