On behalf of subsidiaries-Norley Corporation Inc.: Provide guarantee for Steady Way Limited to purchase a Kamsarmax bulker.

1.Date of occurrence of the event:2022/10/21
2.For the company for whom the endorsements/guarantees were made, please specify name of endorsed/guaranteed company, its relationship with the Company providing endorsements/guarantees, the ceiling on the endorsements/guarantees (thousand NTD), the original amount of endorsements/guarantees (thousand NTD), the amount of the current additional endorsements/guarantees (thousand NTD), the amount of endorsements/guarantees as of the date of occurrence (thousand NTD), the actual loaned amount of the company for whom endorsements/guarantees were made (thousand NTD), and the reason for the current additional endorsements/guarantees: Steady Way Limited, 100% owned by Norley directly.
The ceiling on the endorsements/guarantees: NT$11,840,320.
The original amount of endorsements/guarantees: NT$731,838.
The amount of the current additional endorsements/guarantees:NT$826,833.
The amount of endorsements/guarantees as of the date of occurrence of the event:NT$1,558,671.
The actual loaned amount of the company: NT$-.
The reason for the current additional endorsements/guarantees:
Norley Corporation Inc.: Provide guarantee for Steady Way Limited to purchase a Kamsarmax bulker.
3.For collaterals provided by the company for whom the endorsements/guarantees were made, the content and the value (thousand NTD): N/A
4.For the latest financial statements of the company for whom the endorsements/guarantees were made, the Capital (thousand NTD) and Cumulative gains/losses (thousand NTD):
The Capital: NT$297 thousand/ Cumulative losses: NT$17 thousand.
5.For termination of endorsement/guarantee obligations, the condition and the date:
Complete vessel purchase transaction.
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD): NT$45,278,388.
7.The total amount of endorsements/guarantees as of the date of occurrence (thousand NTD):NT$5,581,913.
8.The amount of endorsements/guarantees as a percentage of the public company’s net worth on the latest financial report as of the date of occurrence:36.98%
9.The aggregate amount of equity method investments, endorsements/guarantees, and monetary loans extended to others as a percentage of the public company’s net worth on the latest financial
statements:5.48%
10.Any other matters that need to be specified:None.