1.Date of the board of directors resolution:2020/03/27

2.Purpose of the share repurchase: Maintain the credit of Kwong Lung and Shareholders’right

3.Type of shares to be repurchased:common stock

4.Ceiling on total monetary amount of the share repurchase:NT$3,008,536,000

5.Scheduled period for the repurchase:2020/03/30~2020/05/29

6.Number of shares to be repurchased:2,600,000

7.Repurchase price range:NT$32~NT$45

8.Method for the repurchase:From Taipei Exchange Market

9.Ratio of the shares to be repurchased to total issued shares of the Company:1.75%

10.Number of the Company’s own shares held at the time of reporting:0

11.Status of repurchases within three years prior to the time of reporting:N/A

12.Status of repurchases that have been reported but not yet completed:N/A

13.Minutes of the board of directors meeting that resolved for the share

repurchase:Kwong Lung will repurchase 2,600,000 shares at NT$32 to NT$45

from Taipei Exchange Market during 2020/03/30~2020/05/29.

If the stock price falls below the above price, repurchase plan can still be executed

14.The rules for transfer of shares set forth in Article 10 of the Guidelines for Repurchase of Shares by Listed and OTC Companies:N/A

15.The rules for conversion or subscription of shares set forth in Article 11 of the Guidelines for Repurchase of Shares by Listed and OTC Companies:N/A

16.Declaration that the financial state of the Company has been considered by the board of directors and that its capital maintenance will not be affected:

Kwong Lung BOD states that repurchasing stock to the total issued stock ratio is 1.75% , and total ceiling repurchase amount to

the current asset amount ratio is 2.41% as of 2019/12/31. Therefore the repurchase will not have adverse effect to the company's equity.

17.Appraisal by a CPA or securities underwriter of the reasonableness of the share repurchase price: The share repurchase and its decision-making process

by Kowng Lung in the stated price range follow the related regulations, and will not have impact on its financial structure.

18.Other particular specified by the Securities and Futures Bureua:N/A