HU YU LIEN :

1. The Company was incorporated by the Chairman Mr. Su, Tien-Tsai in January 1967, with a paid-in capital of NT$4,000,000.
2. In 1970, the Company invested NT$36 million to set up a cotton spinning mill with 10,400 spindles and a textile mill with 200 looms in Yangmei Township, Taoyuan County.
3. During 1972 and 1973, the capital was increased to NT$50 million, the spindles were increased to 22,000 in the cotton mill, and the looms were increased to 400 in the textile mill.
4. From 1974 to 1978, in order to expand the operation scale, the capital was increased several times to NT$200 million. The equipment was expanded to 44,000 ring spindles, 1,000 air spindles, and 550 looms.
5. In 1981, the capital was increased several times to NT$300 million and two phases of replacement and update programs were promoted to expand the equipment to 54,000 spindles.
6. In 1987, the capital was increased to NT$500 million. The original traditional textile mill was upgraded to an automated shuttle-free textile factory and 220 air-jet weaving machines were introduced.
7. In 1988, the Company's shares are publicly traded on the market. In the same year, in order to improve production and quality, the Company built a second spinning plant and purchased 40,000 new automated spinning machines and equipment. The whole company’s spindles were increased to 100,000 and the capital was increased to NT$750 million.
8. In 1989, in order to improve the financial structure and purchase land in Tucheng District for the construction of commercial buildings and residential buildings, the capital was increased to NT$1.2 billion, which enabled the Company to diversify its operations.
9. In 1990, the capital was increased to NT$1.68 billion to purchase land for construction and to invest in financial business.
10. In 1995, the capital increased by NT$720 million in cash to NT$2.4 billion to expand into the entertainment business.
11. In 1996, the capital was further increased to NT$2.64 billion to build a large shopping and entertainment center.
12. In May 1997, the Company entered the department store and entertainment business with the opening of Shopping and Entertainment Center A.
13. In 1997, the capital was increased to NT$2,904 million.
14. In 1998, the capital was increased by capital surplus and the paid-in capital was NT$3,194.4 million after the capital increase.
15. In 1999, the Company purchased land for construction in Shilin District, Taipei City to build residential and office buildings.
16. In 2000, the construction project of Zangfeng in Shilin District was commenced.
17. In 2001, the Company’s capital was reduced due to the buyback of treasury stock, and the paid-in capital was NT$3 billion after the reduction.
18. In 2002, the construction project of Zangfeng in Shilin District was completed.
19. In 2003, the capital was increased by capital surplus and the paid-in capital was NT$3.3 billion after the capital increase.
20. In 2005 and 2006, the capital was reduced by the buyback of the Company’s shares and the paid-in capital was NT$3.07 billion after the capital reduction.
21. In 2007, the capital was increased by capital surplus and the paid-in capital was NT$3,377 million after the capital increase.
22. In 2008, the Company bought back its shares, and in 2009, it underwent a capital reduction, after which its paid-in capital amounted to NT$3.3 billion.
23. In 2011, the capital was increased by retained earnings and the paid-in capital was NT$3,306.19 million after the capital increase.
24. In 2015, the capital was reduced by cash and the paid-in capital was NT$600 million after the capital reduction.
25. . On October 23, 2012, the Corporate Director of the Company, Fu Kuan Investment Co., Ltd., the Corporate Supervisor, Chien Ming Investment Co., Ltd., the majority shareholder, Sheng Hui Co., Ltd., the Chairman, Su, Tien-Tsai, and the Representative of the Corporate Supervisor Chien Ming Investment Co., Ltd., Su, Chao-Hua, transferred their - 11 - shareholdings to the public acquirers (total 6, including Hong Zhong Investment Limited, Gold King Investment Company Limited, Lu, Chao-Ting, Lu, Chao-Wen, Huang, TsuiHsun and Chang, Chin-Cheng). The Company’s Corporate Director, Fu Kuan Investment Co., Ltd., and the Corporate Supervisor, Chien Ming Investment Co., Ltd., were dismissed from their posts as a result of the transfer of shares in excess of one-half of the shares held at the time of election.
26. On February 19, 2013, the Company held an extraordinary shareholders' meeting to elect new directors and supervisors.
27. The Company was approved by the Ministry of Economic Affairs on June 18, 2013 to change its name as “Hua Yu Lien Development Co., Ltd.”. The Company’s original abbreviation “Fu I” was changed to “Hua Yu Lien”.
28. Fu Jung Investment Co., Ltd., a subsidiary of the Company, was liquidated on August 31, 2012 and was permitted by the Taiwan Taipei District Court on December 31, 2013.
29. At the end of 2013, the construction project of Star Moon Bay in Dashan Section, Tainan City, was completed.
30. In April 2014, the construction project of Wen Hua Hui in Huafeng Section, Kaohsiung City, was completed.
31. In May 2015, we invested in a 100% owned subsidiary, Hua Ching Construction Ltd
32. In July 2015, the construction project of LeMore in Fushan Section, Kaohsiung City, was completed
33. In 2015, the capital was increased by retained earnings and the paid-in capital was NT$690 million after the capital increase.
34. In November 2015, the construction project of H Park in Huafeng Section, Kaohsiung City, was completed.
35. In April 2016, the construction project of Po Wen in Dafeng Section, Kaohsiung City, was completed.
36. In August 2016, the construction project of Hua Yueh in Huafeng Section, Kaohsiung City, was completed.
37. In September 2015, the capital was increased by retained earnings and the paid-in capital was NT$759 million after the capital increase.
38. In November 2017, the construction project of Palm Bay in Dashan Section, Tainan City, was completed.
39. In January 2018, the construction project of Happiness JIA in Dashan Section, Tainan City, was completed.
40. In August 2018, the construction project of Shu Lin in Huafeng Section, Kaohsiung City, was completed.
41. In September 2018, the capital was increased by retained earnings and the paid-in capital was NT$796.95 million after the capital increase.
42. In September 2019, the capital was increased by retained earnings and the paid-in capital was NT$956.34 million after the capital increase.
43. In September 2019, the construction project of Sen Lin in Huafeng Section, Kaohsiung City, was completed.
44. In January 2020, our first domestic guaranteed convertible bonds were issued.
45. In June 2020, the construction project of IN H in Dagang Section, Kaohsiung City, was completed.
46. In December 2020, our second domestic guaranteed convertible bonds were issued.
47. In April 2021, the construction project of E GO in Dashan Section, Tainan City, was completed.
48. In May 2021, the construction project of Maple Garden in Bagua Section, Kaohsiung City, was completed.
49. In June 2021, our first domestic guaranteed ordinary corporate bonds were issued
50. On July 15, 2021, approved by the Ministry of Economic Affairs, the headquarters was moved from “14F., No. 22, Aiguo E. Rd., Zhongzheng Dist., Taipei City 100408, Taiwan (R.O.C.)” to “11F., No. 85, Wenlong Rd., Fengshan Dist., Kaohsiung City 830009, Taiwan (R.O.C.)”
51. In May 2022, the construction project of I World in Guomao Section, Kaohsiung City, was completed.
52. In May 2022, the construction project of I World in Guomao Section, Kaohsiung City, was completed.
53. . In February 2023, Hua Ching Development Co., Ltd., a subsidiary of the Company, was established by entering into a joint venture with Mitsui & Co., (Taiwan), Ltd.