新至陞科技股份有限公司

1.Date of the board of directors resolution:2023/05/19

2.Reason for capital reduction:To align with the Group’s business planning and enhance the effectiveness of fund utilization.

3.Amount of capital reduction:USD 10,000,000

4.Cancelled shares:10,000,000 shares

5.Capital reduction percentage:44.51%

6.Share capital after capital reduction:USD 12,468,831

7.Scheduled date of the shareholders meeting:NA

8.Estimated no.of listed common shares after issuance of new shares

upon capital reduction:NA

9.Estimated ratio of listed common shares after issuance of new shares upon

capital reduction to outstanding common shares:NA

10.Please explain any countermeasures for lower circulation in

shareholding if the aforesaid estimated no.of listed common shares upon

capital reduction does not reach 60 million and the percentage does not

reach 25%:NA

11.The record date for capital reduction:NA