LCY TECHNOLOGY CORP.

Shareholder Informaiton

2022 Annual Shareholders’ Meetings

● Meeting Time：9:00 a.m., June 23, 2022
● Shareholder Registration start at 8:30 a.m., June 23, 2022
● Meeting Venue：Room 802, No.11, Zhongshan S. Rd., Taipei City, Taiwan.
(CHANG YUNG-FA FOUNDATION International Convention Center)
● Pursuant to Article 165 of the Company Law, the shareholders’ register shall be closed from April 25 to June 23, 2022.
● Share transfer should be complete the required procedures before April 24, 2022. (In case of holidays, the on-site transfer will be advanced to April 22)
● Shareholders may exercise their voting rights through the STOCKVOTE platform of Taiwan Depository & Clearing Corporation (http://www.stockvote.com.tw) during the period from May 24 to June 20, 2022.
● The acceptance period of shareholders’ proposals for a shareholder holding 1% or more of all issued and outstanding shares is April 8 to April 18, 2022.
● No issued Shareholders’ Meeting Souvenir.

● According to the announcement of Financial Supervisory Commission R.O.C(Taiwan), shareholders attending in person must be wear a mask and take your body temperature. Those who do not wear a mask or have a high body temperature after measurement ,LCYT have the right to reject shareholders entry the meeting. In order to implement shareholder activism and avoid the outbreak of the new coronavirus caused by group activities, shareholders are requested to make good use of electronic voting.

Date 2022-03-23

Dividend Policy

According to the Articles of Incorporation

If there are earnings in the Company's annual general final accounts, they shall first be used to pay taxes and make up for the accumulated losses (including the amount of the adjustment of the undistributed earnings), and then ten percent shall be allocated as the legal reserve as required by law (not applicable when the accumulated legal reserve has reached the Company's paid-in capital). Afterwards, special surplus reserve shall be allocated as regulated by law or by the competent authority.
The Company's earnings distribution or loss off-setting of each quarter shall be approved by the Board of Director to distribute all or part of the dividends and bonuses, legal reserve or capital surplus in cash to shareholders after a resolution has been adopted by a majority vote at a meeting of the Board of Directors attended by at least two-thirds of the toal number of directors; and in addition thereto a report of such distribution shall be submitted to the shareholders' meeting.
Prior to distributing earnings, the Company shall allocate 0.5% or more of the profits (i.e. profit before tax before deducting compensation to employees and directors) shall be allocated as compensation to employees and 2% or less of the profits shall be allocated as compensation to directors. Independent directors shall not participate in the allocation.
The Company may conduct distribution of earnings or loss offsetting after the end of each quarter. When the distribution is conducted in the form of new shares, the proposal shall first be submitted to the shareholders' meeting for resolution; When the distribution is conducted by cash, the Board of Directors may decide the implementation and report to the shareholders' meeting without submitting the proposal to the shareholders' meeting for ratification.
The Company's dividend policy is based on the Company's profit, capital structure and future operational needs. For each earnings distribution, no less than 10% may be distributed as dividend to the shareholders. However, when the accumulated distributable earnings are lower than the paid-in capital, the earnings do not have to be distributed; The distribution of dividend to shareholders may be conducted by cash or in the form of stock. The distribution of cash dividend shall be no less than 10% of the total of shareholders' dividend, in principle.

Dividend Payment

Year	Cash Dividend	Stock Dividend	Total	Date of Shareholder Meeting	Ex-dividend Trading Day	Last Transfer Day	Dividend Record Date	Distribution Date
2023	0	0	0	2024/6/18
2022	0.5	0	0.5	2023/6/28	2023/8/1	2023/8/2	2023/8/7	2023/8/28
2021	1.5	0	1.5	2022/6/23	2022/7/28	2022/7/31	2022/8/5	2022/8/26
2020	0.66666667	0	0.66666667	2021/7/20	2021/12/2	2021/12/5	2021/12/10	2021/12/30
2019	0.6	0	0.6	2020/6/24	2020/7/28	2020/7/29	2020/8/3	2020/8/31
2018	1.60	0	1.60	2019/6/18	2019/7/5	2019/7/8	2019/7/13	2019/8/9
2017	3.2008361	0	3.2008361	2018/6/27	2018/7/19	2018/7/20	2018/7/25	2018/8/23
2016	0	0	0	2017/4/25	-	-	-	-
Unit：NTD