Announcement on the Company's Proposed Purchase of Directors and Officers Liability Insurance

Hongbo Co., Ltd. (hereinafter referred to as "the Company") held the fourth meeting of the seventh board of directors on April 7, 2026, where it reviewed and approved the proposal regarding the purchase of Directors and Officers Liability Insurance (hereinafter referred to as "D&O Insurance"). This initiative aims to further improve the company's risk management system, encourage the company's directors and senior management to fully exercise their powers and fulfill their responsibilities, and reduce governance and operational risks. In accordance with the relevant provisions of the "Corporate Governance Guidelines for Listed Companies," the company intends to purchase liability insurance for itself and all directors and senior management, and the board will seek authorization from the shareholders' meeting for the management team to handle the specific matters related to the purchase of D&O Insurance. The specific details are as follows: