New Risk • May 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 155% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (36% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.26b market cap, or US$39.9m). Announcement • Mar 30
Horng Tong Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2026 Horng Tong Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2026, at 10:00 Taipei Standard Time. Location: 3-3 floor no,8, sec.1 chung hsing rd., wugu district, new taipei city Taiwan New Risk • Mar 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$907.7m market cap, or US$28.4m).