Song Chuan Precision Co., Ltd. (stock code:7788, hereinafter referred to as “Song Chuan”) held a meeting of the Board of Directors on February 9, 2026, at which it resolved to participate in the cash capital increase to be conducted by Yi Sheng Investment Corporation (Unified Business No.:60399345, hereinafter referred to as “Yi Sheng”). The total subscription amount is NTD 499,680,000. Upon completion of the cash capital increase, Song Chuan’s shareholding in Yi Sheng will account for 48% of Yi Sheng’s total issued shares.

Yi Sheng was initiated and established by a fund for which TGVest Capital Inc. (hereinafter referred to as “TGVest”) serves as the management advisor. In the future, Yi Sheng will be jointly operated through collaboration among the Company, TGVest, and TXC Corporation (stock code:3042, hereinafter referred to as “TXC”). According to the current plan, upon completion of the cash capital increase, the equity structure of Yi Sheng is expected to be as follows: Song Chuan holding 48%, the fund managed by TGVest holding 47%, and TXC holding 5%.

Yi Sheng intends to conduct a share conversion with Tai Shing Electronics Components Corporation. (stock code:3426, hereinafter referred to as “TSE”), a company listed on the Taipei Exchange. Yi Sheng will acquire all issued shares of TSE by purchasing the shares held by all TSE shareholders in cash consideration.

Upon completion of the aforementioned share conversion, the Company will leverage its global resources and customer relationships, together with the management team of TSE and its extensive experience and expertise, to jointly deepen TSE’s core technologies, expand business deployment, and strengthen international market development. It is expected that this transaction will further enhance the Company’s consolidated sales revenue and profit and drive comprehensive corporate growth.

About Yi Sheng

Yi Sheng was initiated and established by a fund for which TGVest serves as the management advisor. The co-investors will also include Song Chuan and TXC.

TGVest was founded in 2016 and is based in Taiwan, focusing on investments in the technology and advanced manufacturing sectors. It possesses extensive investment experience and strong industry networks. The investors of its funds include international institutional investors and large life insurance companies.

Song Chuan was founded in 1974 and is a global professional designer and manufacturer of relays and industrial control components. Song Chuan was listed on the Taiwan Stock Exchange in October 2025. The Company markets its own brands globally, with products widely applied in high-growth sectors such as renewable energy, AI power servers, electric vehicles, automotive applications, and industrial automation. Song Chuan has highly vertically integrated manufacturing capabilities and an international footprint, with manufacturing bases and global sales locations in Taiwan, China, Vietnam, India, Mexico, and other regions.

TXC was founded in 1983 and is a leading global supplier of quartz frequency control components, focusing on the research, development, manufacturing, and sales of quartz resonators and quartz oscillators. Its products are widely used in high-growth sectors including mobile communications, servers, the Internet of Things, automotive electronics, and electric vehicles. TXC Corporation has participated in the development of TSE through strategic investments, thereby strengthening its positioning within the electronic components industry value chain.

About TSE

TSE was founded in 1984 and is a professional manufacturer specializing in electromagnetic and control components, including solenoids, solenoid valves, and relays, with comprehensive research and development, design, and customization capabilities. Its products are widely applied in industrial automation, transportation, smart equipment, and environmental control systems, serving customers across Europe, the Americas, and Asia. The Company has obtained ISO 9001, ISO 14001, and automotive electronics-related quality certifications and has long focused on niche electromagnetic component markets, with stable operations.