Advantech : 2024 Annual Shareholders' Meeting - Meeting Notice

ADVANTECH Co., Ltd.

2024 Annual General Shareholders' Meeting

Meeting Notice

(Summary Translation)

Subject: 2024 Annual General Shareholders' Meeting of ADVANTECH Co., Ltd. ("the meeting") to be convened in accordance with the Company Law, Securities and Exchange Law and the resolution of the Company's Board Meeting on February 27, 2024.

Announcement:

1. Method of Convening the Meeting: Hybrid (in-person and video conference)
2. Meeting Time: 9:00a.m., 30th May, 2024
3. Meeting Venue: Neihu Headquarters (B1, No.1, Line 20, Lane 26, Rueiguang Road, Neihu District, Taipei City)；Webcast provided: (https://stockservices.tdcc.com.tw)
4. Meeting Agenda:

I. Report Items

1. The 2023 Business Report
2. The Audit Committee's Review Report on the 2023 Financial Statements
3. Status Reports of the Cash Dividends for Distribution of 2023 Profits
4. 2023 Employees' and Directors' Remuneration Proposal
5. The Status of Endorsement and Guarantee in 2023
6. The report on the Company's acquiring the land parcel case of number 9 in the Huaya section from related party

1. Acknowledgement Items
2. 1. Adoption of the 2023 Business Report and Financial Statements
   2. Adoption of the Proposal for Distribution of 2023 Profits

1. Other Business and Special Motions IV. Adjournment

5. The Company's net income after tax of FY2023 was NT$10,837,529,628 (EPS NT$12.65) and resulted from adding NT$8,670,220,044 of undistributed earnings at the beginning of the period, deducting NT$31,987,586 of retained earnings from investments accounted for using equity method, adding NT$2,241,658 of re-measured amount of the benefit plan recognized in retained earnings , and adding disposing the investments in equity instruments measured at fair value through other comprehensive income, the NT$ 121,416,286 cumulative profit and losses directly transferred to retained earnings. After appropriating the legal reserve of NT$1,092,920,004 and reversing special reserves of NT$ 0, the available surplus for distribution

is NT$18,506,500,084.

The proposed distribution is as follows:

1. The amounts of NT$8,155,268,901 (cash dividends) out of the 2023 earnings are appropriated for distribution as cash dividends and share dividends to shareholders, respectively. The dividend will be calculated based on the total number of outstanding common shares issued as of December 31, 2023, which is 858,449,358 shares. The proposed cash dividend to be distributed to shareholders is NT$9.5 per share.
2. The distribution of cash dividend is calculated to the dollar (round up to the dollar). The total amount of the odd shares with a distribution of less than NT$1 will be booked as the other income or other expense of the company.
3. The current distribution of earnings is scheduled before the dividend benchmark date. If there is any change in the yield rate because of any change in the company's outstanding shares, a

request is to be made having the Chairman authorized to handle matters related to the changes.

1. Shareholders may exercise their voting rights through STOCKVOTE platform of Taiwan Depository & Clearing Corporation (https://stockservices.tdcc.com.tw) during the period from Apr 30, 2024 to May 27, 2024
2. Meeting notice and proxy will be sent to shareholders thirty (30) days prior to the date of the Meeting. Any shareholder who does not receive the meeting notice may contact the Transfer Agency Department of KGI Securities Co. Ltd directly.
3. For further information, please log on to our corporate website athttps://www.advantech.tw/

Board of Directors

ADVANTECH Co., Ltd.