Announcement on behalf of the subsidiary planning to
apply for a credit line to invest the US dollar bonds
issued by financial institutions.

1.Date of occurrence of the event:2023/12/27
2.Company name:Sinyi International Limited
3.Relationship to the Company (please enter ”head office” or
  ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:100% directly owned by the Company
5.Cause of occurrence:
Sinyi International Limited(hereinafter referred to as Sinyi
International), a subsidiary 100% directly owned by the Company plans
to invest in U.S. dollar preferred senior bonds with duration no more
than 5 years issued by financial institutions with a S&P credit rating
of A- or above and the yield to maturity being higher than annual USD
time deposit interest rate. The Company's board of directors authorized
the Chairperson of the Company to approve the operation of obtaining
financial bond contracts in a transaction amount no more than
US$26,000 thousand.
6.Countermeasures:not applicable
7.Any other matters that need to be specified (the information disclosure
  also meets the requirements of Article 7, subparagraph 9 of the Securities
  and Exchange Act Enforcement Rules, which brings forth a significant impact
  on shareholders rights or the price of the securities on public companies.):
none.

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