ALLTOP TECHNOLOGY

Subject

 Announcement on behalf of subsidiary LiQuan

Technology (TaiCang) CO., LTD. to acquire right-of-use

assets from ALLTOP Electronics (Suzhou) Ltd.

Date of events

  2024/08/19

To which item it meets

paragraph 20

Statement

1.Name and nature of the underlying asset (e.g., land

located at Sublot XX, Lot XX, North District, Taichung City):

Shaxi Town Industrial Park, Taicang City, Jiangsu Province

2.Date of the occurrence of the event:2024/08/19

3.Transaction unit amount (e.g.XX square meters, equivalent

to XX ping), unit price, and total transaction price:

Transaction amount: 2847 square meters, RMB15/m2,

Lease period 5 years(2024/9/1~2029/8/31),

Rent RMB42,705/month, total transaction price RMB2,562,300

4.Trading counterparty and its relationship to the

Company (if the trading counterparty is a natural

person and furthermore is not a related party of the

Company, the name of the trading counterparty is

not required to be disclosed):100% subsidiary of the company.

5.Where the trading counterparty is a related party,

announcement shall also be made of the reason for

choosing the related party as trading counterparty and

the identity of the previous owner, its relationship with

the Company and the trading counterparty, and the

previous date and monetary value of transfer:

Based on overall planning and management considerations in terms of

cost and business.

6.Where an owner of the underlying assets within the past

five years has been a related party of the Company, the

announcement shall also include the date and price of

acquisition and disposal by the related party, and its

relationship to the Company at the time of the

transaction:NA

7.Projected gain (or loss) through disposal (not

applicable for acquisition of assets; those with deferral

should provide a table explaining recognition):NA

8.Terms of delivery or payment (including payment period

and monetary value), restrictive covenants in the contract,

and other important terms and conditions:

The rent is paid every six months, and the rent for the next half year

is paid before August 1st and February 1st each year, with each payment

of RMB 256,230.

9.The manner of deciding on this transaction (such as

invitation to tender, price comparison, or price

negotiation), the reference basis for the decision

on price, and the decision-making department:

The board of directors authorizes the chairman to make the decision.

10.Name of the professional appraisal firm or company

and its appraisal price:NA

11.Name of the professional appraiser:NA

12.Practice certificate number of the professional

appraiser:NA

13.The appraisal report has a limited price, specific

price, or special price:NA

14.An appraisal report has not yet been obtained:NA

15.Reason for an appraisal report not being obtained:NA

16.Reason for any significant discrepancy with the appraisal

reports and opinion of the CPA:NA

17.Name of the CPA firm:NA

18.Name of the CPA:NA

19.Practice certificate number of the CPA:NA

20.Broker and broker's fee:None

21.Concrete purpose or use of the acquisition or disposal:

Based on overall planning and management considerations in terms of

cost and business.

22.Any dissenting opinions of directors to the present

transaction:None

23.Whether the counterparty of the current transaction

is a related party:Yes

24.Date of the board of directors’ resolution:

In accordance with the provisions of Article 15, Paragraph 2 of the

”Principles for the Handling of Assets Acquired or Disposed of by

Public Companies”, it may be reported to the latest board of

directors for ratification afterwards.

25.Date of ratification by supervisors or approval

by the audit committee:NA

26.The transaction is to acquire a real property or

right-of-use asset from a related party:Yes

27.The price assessed in accordance with the Article

16 of the Regulations Governing the Acquisition and

Disposal of Assets by Public Companies:NA

28.Where the above assessed price is lower than the

transaction price, the price assessed in accordance

with the Article 17 of the same regulations:NA

29.Any other matters that need to be specified:None