ITEQ Corporation announced the Resolution of the Board of Directors on Investment in Establishing Thailand Plant. Date of the resolution of the board of directors or shareholders meeting: March 7, 2023. Content of the investment plan: Investment in Establishing Thailand Plant.

Projected monetary amount of the investment: Phase 1 Investment amount: TWD 1,536 million; registered capital amount: TWD 384 million. Projected date of the investment: Anticipated to commence starting from March, 2023 in completion of separate stages. Source of capital funds: Self-funded, loans from financial institutions and domestic & overseas capital market financing.

Specific purpose: In consideration of conforming with global supply chain changes and customers needs.