I. Subsidiary Establishment Status
To expand overseas business, Mankalon Jewelry Co., Ltd. (hereinafter referred to as "the Company") has approved the proposal to establish a wholly-owned subsidiary in Hong Kong at the seventh meeting of the sixth board of directors. The Company will use its own funds to set up the subsidiary, with a total investment not exceeding $3.5 million. Detailed information can be found in the announcement disclosed on the Giant Tide Informati