Announce the board resolution of the important subsidiary MERRY ELECTRONICS (SINGAPORE) PTE LTD. for cash capital increase and issuance of new shares.

Share：

1. Board of Directors Resolution Date: 115/02/12
2. Source of capital increase: 100% cash capital increase of the company
3. Whether to adopt a comprehensive declaration for issuing new shares (Yes, please specify the planned issuance period / No): No
4. Total amount and number of shares issued for the entire case (if it is a capital increase from retained earnings or reserves, the number of shares issued does not include the portion allocated to employees):
(1) Total amount issued: SGD 11,200,000
Total number of shares issued: 11,200,000 shares
5. The issuance of new shares under the general declaration is not applicable for this issuance amount and number of shares.
6. Adopt a comprehensive declaration for the issuance of new shares. After this issuance, the remaining amount and number of shares: Not applicable.
7. Par value per share: SGD 1
8. Issue price: SGD 1
9. Number of shares subscribed by employees or amount allocated: Not applicable
10. Number of shares for public sale: Not applicable
11. The proportion of original shareholders subscribing or receiving free allocation: Not applicable
12. Treatment of odd lots and unallocated shares overdue: Not applicable
13. The rights and obligations of the newly issued shares: the same as the original shares.
14. The purpose of this capital increase: to enhance operational funds.
15. Other matters to be stated: None