On behalf of subsidiary Altek Medical Pte. Ltd. to announcethe board resolved to issue the employee stock option certificates.

 On behalf of subsidiary Altek Medical Pte. Ltd.
to announcethe board resolved to issue the employee
stock option certificates.

1.Date of the board of directors resolution:2024/05/03
2.Issuance period:
The employee stock option certificates shall be issued once or several times
depending on the actual needs from the resolution of the board meeting. The
actual issuance date is authorized by the chairman of the board of directors.
3.Eligibility criteria for optionees:
Eligibility is limited to those who are employees, managers, directors,
consultants, etc.  The determination of those who are actually eligible for
stock options and the numbers of stock options for which they are eligible
will be decided by the chairman, with consideration to factors such as the
work performance, job title, overall contribution or special merit, etc.
4.Number of total issued units of the employee stock warrants:
6,500,000 units.
5.Number of shares each stock warrant unit may subscribe for:
1 share of Common Share.
6.Total number of new shares to be issued due to exercise of options, or the
no.of shares for shares buyback as required by Article 28-2 of the
Securities and Exchange Act:6,500,000 shares of Common Share.
7.Subscription price:USD 0.499 per Common Share.
8.Period of subscription rights:
The duration of the employee stock option certificate is three years.
During this period of time, no transfer, pledge, or act of other means shall
be allowed, except for the successor.
9.Types of shares which may be subscribed for:
Common shares of Altek Medical Pte. Ltd.
10.Handling method for employee resignation/inheritance:
(1) In the event that the stock option holder voluntarily resigns, the
employment contract between the stock option holder and the Company of
its affiliate is terminated for the cause attributable to the stock
option holder, or the stock option holder breaches the employment contract
between it and the Company or its affiliate, the stock option vested but
not exercised and/or and the unvested stock option will automatically
become invalid.
(2) In an inheritance event, the unvested stock option will automatically
become invalid. For those stock option vested but have not been exercised,
such stock option may be exercised within the original duration of the
employee stock option, and those that have not been exercised after the
expiration of such duration will automatically become invalid.
(3) If the employment relationship is terminated due to reasons other than
the foregoing, the unvested stock option will automatically become invalid.
For those stock option vested but have not been exercised, such stock option
will also become invalid automatically.
11.Other criteria for subscription:None
12.Method for performance of contract:It is delivered by issuing new shares.
13.Adjustment of subscription price:
During the duration of the stock option, when the capital structure of the
Company changes due to capital increase through capitalization of retained
earnings, merger, division, or capital reduction, the corresponding number
of shares shall be adjusted automatically.
If the Company issues new shares in cash or other considerations,
it shall not be adjusted.
14.Procedures for exercising options:
The company will issue new shares to the stock option holders if they have
notified the Company of their intention to exercise the stock options
according to the rules of the employment stock options and have paid all
the payable consideration.
15.Rights and obligations after exercising options:
The rights and obligations pertaining to common shares delivered by the
Company after exercising of the option are identical to those of other
the Company's common shares.
16.Record date for any additional share exchange, stock swap, or subscription:
NA
17.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription:NA
18.Other important terms and conditions:None
19.Any other matters that need to be specified:None