Baihe Industrial Co., Ltd.

In response to business restructuring needs, Taiwan Baihe Company invested through BaiXing Co., Ltd. (BaiXing Company) to establish Dongguan Baihong Company to serve customers in the Pearl River Delta.

In response to the need for business restructuring, Taiwan Baihe Company invested through Baixing Co., Ltd. (Baixing Company) to establish Dongguan Baihong Company to serve customers in the Pearl River Delta.

Wuxi Baihe Company invested USD 7,500 thousand in Dongguan Baihong Company, acquiring a 75% stake.

To accommodate the group's organizational restructuring, Taiwan Baihe Company, through Baihe International Co., Ltd. (Baihe International Company), invested in the Cayman Islands to establish this company with a registered capital of USD 20,000 thousand, with Taiwan Baihe Company indirectly holding 100%. Subsequently, this company invested to establish Hong Kong Anda Co., Ltd. (Hong Kong Anda Company) with a registered capital of USD 20,000 thousand, holding 100% of the shares. Previously, Baihe Holding Company held 100% of Wuxi Baihe Company; as part of the group's investment structure adjustment, Hong Kong Anda Company now holds 100% of Wuxi Baihe Company.

Wuxi Baihe Company conducted a cash capital increase and introduced external shareholders. The company, through a shareholders' meeting resolution, converted to a joint-stock company, with a capital of 300,000,000 shares, each with a nominal value of RMB 1, and the net value and share conversion difference were recorded as capital reserves.

Wuxi Baihe Company invested USD 7,500 thousand in Dongguan Baihong Company, acquiring 75% equity in Dongguan Baihong Company.

In response to the need for group organizational adjustment, Taiwan Baihe Company, through Baihe International Co., Ltd. (Baihe International Company), established this company via a transfer investment in the Cayman Islands, with a registered capital of USD 20,000 thousand, and Taiwan Baihe Company indirectly holds 100% equity. Subsequently, this company transferred investment to establish Hong Kong Anda Co., Ltd. (Hong Kong Anda Company), with a registered capital of USD 20,000 thousand, and this company holds 100% equity. Previously, Baihe Holding Company held 100% equity of Wuxi Baihe Company; in line with the group investment structure adjustment, Hong Kong Anda Company now holds 100% equity of Wuxi Baihe Company.

Wuxi Baihe Company completed a cash capital increase and brought in external shareholders. The company, after a shareholders' meeting resolution, was restructured into a joint-stock company, converting 300,000,000 shares with a nominal value of RMB 1 per share, with the net value and the difference in share conversion recorded as capital reserves.

In line with the group's investment structure adjustment, this company acquired a 25% stake in Dongguan Baihong Company held by BaiXing Company through Hong Kong Anda Company.

In line with the group's investment structure adjustment, the company acquired a 25% stake in Dongguan Baihong Company held by Baixing Company through Hong Kong Andaa Company.

The company resolved to change the nominal value per share from USD 1 to NT$10, resulting in a paid-in capital of NT$1,764,229 thousand after conversion.

Wuxi Baihe Company received the 'High-Tech Product Certification' and the 'High-Tech Enterprise Certificate' from the Jiangsu Provincial Department of Science and Technology, allowing it to be taxed at a 15% corporate income tax rate.

The company resolved to change the nominal value per share from USD 1 to TWD 10, resulting in a paid-in capital of TWD 1,764,229 thousand after conversion.

Wuxi Baihe Company received the 'High-Tech Product Certification' from the Jiangsu Provincial Department of Science and Technology, and the 'High-Tech Enterprise Certificate' from the same department, allowing it to be taxed at a 15% corporate income tax rate.

The company was approved for listing by the Taiwan Stock Exchange on December 30.

The company was approved for listing by the Taiwan Stock Exchange on December 30.

Wuxi Baihe Company was recognized by the Wuxi Municipal Science and Technology Bureau of Jiangsu Province as a 'Flame-Retardant Hook-and-Loop Fastener Engineering Center.'

Wuxi Baihe Company was recognized by the Wuxi Municipal Science and Technology Bureau of Jiangsu Province as a 'Flame Retardant Adhesive Belt Engineering Center.'

The company officially listed on the Taiwan Stock Exchange on May 18.

The company officially listed on the Taiwan Stock Exchange on May 18.

Wuxi Baihe Company invested in establishing Wuxi Baihong Real Estate Company.

Dongguan Baihong Company obtained ISO 9001 quality management system and ISO 14001 environmental management system certifications.

Wuxi Baihe Company invested in the establishment of Wuxi Baihong Real Estate Company.

Dongguan Baihong Company obtained ISO 9001 quality management system and ISO 14001 environmental management system certifications.

Dongguan Baihong Industrial Co., Ltd. received a 'High-Tech Enterprise Certificate' from the Guangdong Provincial Department of Science and Technology.

Developed embroidered mesh fabric products, entering the primary material market.

Dongguan Baihong Company received the 'High-Tech Enterprise Certificate' from the Guangdong Provincial Department of Science and Technology.

Developed Ti Hua net fabric products, entering the main material market.

Wuxi Baihe Company and Dongguan Baihong Industrial Co., Ltd. received the 'China Water Footprint Assessment Certificate,' 'Product Carbon Footprint Certificate,' and 'Carbon Neutrality Certificate' from the China Quality Certification Center.

The company established Vietnam Baihong Company with 100% indirect ownership through HongXing Company.

Dongguan Baihong Company was recognized by the Guangdong Provincial Science and Technology Bureau as the 'Guangdong Provincial Special Weaving and Composite Textile Engineering Technology Research Center'.

Wuxi Baihe Company and Dongguan Baihong Industrial Co., Ltd. received the 'China Water Footprint Evaluation Certificate,' 'Product Carbon Footprint Certificate,' and 'Carbon Neutrality Certificate' from the China Quality Certification Center.

The company indirectly held 100% shares through Hongxing Company to establish Vietnam Baihong Company.

Dongguan Baihong Company was recognized by the Guangdong Provincial Department of Science and Technology as the 'Guangdong Special Weaving and Composite Fabric Engineering Technology Research Center.'

Dongguan Baihong Group Company was recognized by the Guangdong Provincial Economic and Information Committee as a 'Provincial Enterprise Technology Center'.

Dongguan Baihong Company was recognized by the Dongguan Municipal Economic and Information Bureau as the 'Dongguan Enterprise Energy Management Center (Level B)'.

Wuxi Baihe Company invested in the establishment of Wuxi Baiwei Biotechnology Company. The main business activities are the production and sale of masks and non-woven fabric products.

Dongguan Baihong Company was designated as a 'Provincial Enterprise Technology Center' by the Guangdong Provincial Economic and Information Technology Committee.

Dongguan Baihong Company was recognized by the Dongguan Municipal Economic and Information Technology Bureau as the 'Dongguan Enterprise Energy Management Center (Level B).'

Wuxi Baihe Company invested in the establishment of Wuxi Baihe Sanitary Materials Technology Company, whose main business is the production and sale of masks and non-woven fabric products.

Dongguan Baihong Company's Tihua net fabric products were awarded the 'China Water Footprint Assessment Certificate' and the 'Product Carbon Footprint Certificate'.

Wuxi Baihe Company was selected by the Ministry of Industry and Information Technology of China as a 'Green Factory'.

Dongguan Baihong Company and Wuxi Baihe Company obtained ISO 45001 Occupational Health and Safety Management System certification.

Dongguan Baihong Company's Ti Hua net fabric products received the 'China Water Footprint Evaluation Certificate' and 'Product Carbon Footprint Certificate.'

Wuxi Baihe Company was selected as a 'Green Factory' by the Ministry of Industry and Information Technology of China.

Dongguan Baihong Company and Wuxi Baihe Company obtained ISO 45001 occupational health and safety management system certification.

Dongguan Baihong Company and Wuxi Baihe Company obtained ISO 50001 Energy Management System certification.

Dongguan Baihong Company obtained the GB/T29490:2013 Intellectual Property Management System certification.

Vietnam Baihong Company obtained ISO 9001 Quality, ISO 14001 Environmental, and ISO 45001 Occupational Health and Safety Management System certifications.

Dongguan Baihong Company was selected by the Ministry of Industry and Information Technology of China as a 'Green Factory'.

Baihong Company of Dongguan and Baihe Company of Wuxi have obtained ISO 50001 Energy Management System certification.

Baihong Company of Dongguan has obtained GB/T 29490:2013 Intellectual Property Management System certification.

Baihong Company of Vietnam has obtained ISO 9001 Quality, ISO 14001 Environmental, and ISO 45001 Occupational Health and Safety Management System certifications.

Baihong Company of Dongguan was selected as a Green Factory by the Ministry of Industry and Information Technology of China.

In 2020, Wuxi Baihe Company was selected by the Xishan Economic and Technological Development Zone Management Committee as the '2019 Advanced Environmental Protection Enterprise'.

Dongguan Baihong Company obtained the Recycled Content Standard (RCS 2.0) certification.

In 2020, Baihe Company of Wuxi was selected as the 2019 Advanced Enterprise in Environmental Protection by the Xishan Economic and Technological Development Zone Management Committee.

Baihong Company of Dongguan obtained Recycled Content Standard 2.0 certification.

Previously, Hong Kong Andaa Company and Wuxi Baihe Company respectively held 25% and 75% of Dongguan Baihong Company. Following a group investment structure adjustment, Wuxi Baihe Company now holds 100% of Dongguan Baihong Company.

Through Hong Kong Andaa Company, the company acquired the remaining minority stake of 6.79% in Wuxi Baihe Company, increasing Hong Kong Andaa Company's ownership of Wuxi Baihe Company to 99.99%.

Hong Kong Andaa Company acquired 100% of Wuxi Baiwei Company's shares from Wuxi Baihe Company.

In response to future development needs, Wuxi Baihe Company established Shanghai Baiqi Company in the Shanghai Free Trade Zone. Shanghai Baiqi Company then established Hong Kong Baiqi Company in Hong Kong to handle international investment and trade.

Wuxi Baihe Company and Vietnam Baihong Company obtained Global Recycle Standard (GRS 4.0) certification.

Previously, Andy Company of Hong Kong and Baihe Company of Wuxi held 25% and 75% of Baihong Company of Dongguan respectively. Following a group investment structure adjustment, Baihe Company of Wuxi now holds 100% of Baihong Company of Dongguan.

Through Andy Company of Hong Kong, the company acquired the remaining minority stake in Baihe Company of Wuxi, increasing Andy Company of Hong Kong's ownership of Baihe Company of Wuxi to 99.99%.

Andy Company of Hong Kong acquired Baihe Company of Wuxi's 100% stake in Baiwei Company of Wuxi.

To expand into the Southeast Asian market, the company established Baihong Company of Indonesia in Indonesia.

Baihong Company of Vietnam has achieved Level 2 Supplier to Zero certification from the Zero Discharge of Hazardous Chemicals (ZDHC) organization.

Dongguan Baihong Company obtained Global Recycle Standard (GRS 4.0) certification.

Previously, Hongxing Company held 100% of Vietnam Baihong Company. Following a group investment structure adjustment, Hong Kong Baiqi Company now holds 100% of Vietnam Baihong Company.

Wuxi Baihe Company changed its name to Jiangsu Baihong Composite Materials Technology Co., Ltd. (Jiangsu Baihong Company).

Vietnam Baihong Company obtained SA8000:2014 Social Responsibility Standard certification.

Jiangsu Baihong Company, Dongguan Baihong Company, and Vietnam Baihong Company received the IQNet SR10:2015 Social Responsibility Management System certification from the China Quality Certification Center.

Jiangsu Baihong Company and Dongguan Baihong Company received the ESG Evaluation Certificate – ESG Management and Performance Level A from the China Quality Certification Center.

Jiangsu Baihong Company and Dongguan Baihong Company received the Zero Carbon Factory Certificate from the China Quality Certification Center.

Jiangsu Baihong Company was awarded the Green Factory Demonstration Enterprise by the China Industrial Textile Association.

Vietnam Baihong Company received the Enterprise Water Footprint Assessment Certificate, Product Water Footprint Assessment Certificate, and Product Carbon Footprint Certificate from the China Quality Certification Center.

Dongguan Baihong Company's paper rope products obtained the Forest Stewardship Council Chain of Custody (FSC-CoC) certification.

Vietnam Baihong Company received the ESG Evaluation Certificate – ESG Management and Performance Level A from the China Quality Certification Center.

Established Indonesia Baihong Company in Indonesia to expand into the Southeast Asian market.

Vietnam Baihong Company has achieved Level 2 (Supplier to Zero) certification from the Zero Discharge of Hazardous Chemicals (ZDHC) organization.

The company has officially passed the Science Based Targets Initiative (SBTi) verification for its near-term greenhouse gas reduction target and net-zero greenhouse gas target.

The company has officially verified its Near-Term Greenhouse Gas Reduction Target and Net-Zero Greenhouse Gas Target under the Science Based Targets Initiative (SBTi).