Mutto Optronics: Correct information on monetary loans made to others filed in March and April 2022

Statement

1.Date of occurrence of the event:2022/05/30
2.Company name:Shanghai Sihe Stainless Steel Products Co., Ltd.
3.Relationship to the Company (please enter "head
  office" or  "subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
 Correct the information on monetary loans extended
 to others filed on March and April 2022
6.Information items/ statements to be corrected:
 Information on monetary loan balance
7.Amounts/ contents/ number of page to be corrected:
 Month/number/     Funding recipient  company     /
   3  /  3   /The King Cut International Co., Ltd /
 /     Ending balance       /  Amount actually drawn    /
 /NT$68,924 thousand dollars/ NT$68,924 thousand dollars/
 / Financing limits for each borrowing company /
 /               599,189                       /
 / Financing company's tota financing amountlimits/
 /               599,189                       /
 Month/number/     Funding recipient  company    /
   4  /  3   /The King Cut International Co., Ltd/
 /     Ending balance       /  Amount actually drawn    /
 /NT$70,971 thousand dollars/ NT$70,971 thousand dollars/
 / Financing limits for each borrowing company /
 /               599,189                       /
 / Financing company's tota financing amountlimits/
 /               599,189                       /
8.Amounts/ contents/ number of page after correction:
 Month/number/     Funding recipient  company    /
   3  /  3   /The King Cut International Co., Ltd/
 /     Ending balance       /  Amount actually drawn    /
 /           0              /          0                /
 / Financing limits for each borrowing company /
 /                  -                          /
 / Financing company's tota financing amountlimits/
 /                  -                             /
 Month/number/     Funding recipient  company     /
   4  /  3   /The King Cut International Co., Ltd/
 /     Ending balance       /  Amount actually drawn    /
 /           0              /          0                /
 / Financing limits for each borrowing company /
 /                  -                          /
 / Financing company's tota financing amountlimits/
 /                  -                             /
9.Countermeasures:
 Re-upload to the Market Observation Post System
 (MOPS) after correction
10.Any other matters that need to be specified:
 The company's board of directors decided to reduce
 the capital of Shanghai Sihe Stainless Steel Products Co., Ltd.by
 USD 2.4 million, and it is expected to further complete the
 liquidation process. The Group assessed that it had lost of control
 over the company on March 31, 2022,  and revised the reporting
 information of monetary loans extended to others filed on
 March and April 2022 according to the Accountant's audit report.

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