新至陞科技股份有限公司

1. Date of board resolution: 08/20/2018

2. Base date of capital reduction: 09/21/2018

3. Capital Reduction Stock Exchange Plan:

One. The share annulment proposal for capital reduction was approved by the AGM on June 14, 2018 and approved by the Financial Supervisory Commission with Letter Jin-Guan-Cheng-Fa-Zi No. 1070326935 on August 3, 2018. To proceed with the share exchange for capital reduction, this plan is established in accordance with the Taiwan Stock Exchange Corporation Procedures for the Exchange of Securities Certificates by TWSE Listed Companies.

Two. Total number of shares and total amount of exchange:

(1) Stocks to be exchanged shall include all stocks issued over the years, totaling 79,303,286 shares at NT$10 per share, with a total amount of NT$793,032,860.

(2) A total of NT$158,606,570 will be reduced and a total of 15,860,657 shares were annulled.

(3) A total of 63,442,629 shares at NT$10 per share will be issued after capital reduction, with a paid-up capital amounting to NT$634,426,290.

Three. Ratio of new share exchange:

(1) With regard to the capital reduction base date approved by the 2018 AGM, a total of 1,000 shares will be exchanged to 800 shares (e.g. 200 shares less for every 1,000 shares) based on the stake of shareholders recorded in the list of shareholders. Holders of odd lots less than one share may apply for registration of odd lot integration to the stock transfer agent within five (5) days of after the date of suspension of stock transfer. Unintegrated odd lots or odd lots still less than one share after integration will be calculated as one share and paid at NT$10 per share, and the amount will be rounded down to NT$1. Holders of odd lots less than one share authorize the chairman to subscribe them at NT$10 per share.

(2) After the present capital reduction, new stocks will be issued by registration of non-physical [book-entry] securities.

(3) The rights and obligations of the exchanged stocks will be the same as the previous stocks.

Four. Base date of new stock issuance for capital reduction and related matters:

(1) September 21, 2018 will be the base date of exchange. The transfer of old stocks will be suspended between September 17 and September 21, 2018.

(2) September 16, 2018 (complete transfer by September 14, 2018 if September 16 is a holiday) will be the last date of transfer of old stock.

(3) September 12, 2018 will be the last date of transaction of old stocks.

(4) Transactions of old stocks will be suspended between September 13 and September 21, 2018.

(5) September 25, 2018 will be the date of exchange and transactions of new stocks. (No old stocks will be used in transaction settlement after the transaction of new stocks begins, and the rights and obligations of new stocks to be issued will be the same as the old stocks.)

Five. Procedures and location of exchange:

(1) Holders of transferred old stocks shall bring their old stocks, the registered seal, the photocopy of the TDCC passbook, and the stock exchange application form delivered by the stock transfer agent to the stock transfer agent: Transfer Agency Service, CTBC Bank to proceed the exchange and transfer of stocks.

(2) Holders of not-transferred old stocks shall prepare all old stocks, the transfer application form, the buying report (or securities transaction tax statement), the photocopy of the TDCC passbook, the photocopy of the citizen ID card, and personal seal to the complete the transfer at the stock transfer agent: Transfer Agency Service, CTBC Bank before exchanging new stocks. Holders shall also fill in the new stock exchange application form to proceed with the exchange and transfer of new stocks according to (1).

(3) The TDCC will collectively exchange the old stocks for in its custody, and shareholders will not need to take any action whatsoever.

(4) In addition to the above procedures, holders exchanging new stocks with old stocks by post should use recorded (registered) mail to avoid delivery loss. (Name and address of stock transfer agent: Transfer Agency Service, CTBC Bank; 5F, No. 83, Section 1, Chongqing South Road, Taipei City, Taiwan 100 )

(5) Place of exchange: Transfer Agency Service, CTBC Bank; Address: 5F, No. 83, Section 1, Chongqing South Road, Taipei City, Taiwan 100; Phone: 02-6636-5566.

4. Base date of stock exchange: 09/21/2018

5. Start date of transfer suspension: 09/17/2018

6. End date of transfer suspension: 09/21/2018
7. Rights and obligations of new stocks issued after capital reduction: The rights and obligations of the new stocks issued after capital reduction will be the same as that of the old stocks.

8. Anticipated date of transaction: 09/25/2018

9. Anticipated quantity of outstanding common shares in the market after new stocks issued for capital reduction: 63,442,629 shares.

10. Anticipated ratio of outstanding common shares among issued shares after issuing new shares for capital reduction (number of outstanding common shares after capital reduction/issued number of common shares after capital reduction): 100%.

11. If the anticipated quantity of outstanding common shares after capital reduction in the above two items is below 60 million shares and below 25% of totally issued shares, specify the countermeasures for the low equity circulation: N/A

12. Other information to disclose:

At the board meeting held on August 3, 2018, the board of directors authorized the chairperson to set the base date of exchange of stocks issued for capital reduction, establish the stock exchange plan, and apply for approval to the Taiwan Stock Exchange before implementing stock exchange. The company also authorized the chairman to take necessary actions to respond to related legal changes or changes in the macro environment, if any, and make a new announcement thereof.