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Aug 8, 2023

Dear Investors,

Thank you for your attention and support to Yeong Guan Energy.

Yeong Guan Taichung new factory celebrates delivering first Hub to the customer

        On the 7th of this month, Yeong Guan Group officially delivered the first hub required for the localization of Taiwan's offshore wind power to the customer, and held a simple and grand celebration ceremony to celebrate this important and meaningful moment with customers.

         This product is a 9.5MW hub with a weight of 35 tons. It will be delivered to Vistas for the localization of wind power castings in Taiwan. In the future, this series of products will be used in wind farms off the coast of Changhua.

Yeong Guan Group also said that the global prosperity has changed rapidly this year, especially the economic recovery in mainland China has been lower than expected. Not only the poor demand in the industrial machinery and injection molding machine industries but the wind power industry, resulting in delayed demand by customers. However, looking at the development of the global energy market and the promotion and implementation of net zero carbon emissions also carbon rights and carbon taxes is the general trend, so Yeong Guan is still optimistic about the demand and development of wind power, and will continue to deepen the layout of the wind power industry in accordance with the established goals and progress. Business needs to thrive in the future.

About Yeong Guan Energy Technology Group

Yeong Guan Group was established in 1971. At present, the group has six production bases and about 2,500 colleagues. The annual output of castings can reach more than 220,000 tons. It is one of the world's major manufacturers of wind turbines, injection molding machines, machine tools, industrial machinery and other equipment. Premier casting supplier. We have nearly 25 years of experience in providing high-quality castings in the wind power industry. We have supplied wind power castings to major wind turbine system leaders around the world, including Vistas (Denmark) and Siemens Gamesa (Germany).

Investor Relations

Nick Lee  Assistant General Manager

Add: 4F., No93, Xinhu 1^St Rd., NeihuDist., Taipei, Taiwan(R.O.C.)

Tel : +886-2-2791-7198

Mobile : +886-978-705-865

E-mail : ir@ygget.com

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