AUO Corporation Approves Incorporation of the Mobility Solution Business Group and BHTC into AUO Mobility Solution Corporation and Investment Structure of Smart Mobility Business in China

The Board of Directors of AUO Corporation has approved the incorporation of the Company's Mobility Solution Business Group and BHTC into AUO's newly established, wholly-owned subsidiary, AUO Mobility Solution Corporation (AMSC). The investment structure of smart mobility business in China is as follows: The consideration of Company's smart mobility business in China will be in the form of newly issued shares; the subsidiary of AMSC will acquire these newly issued shares in cash. The business value of Company's smart mobility businessin China is RMB 1.6 billion, and the Company indirectly acquires shares equivalent to 100% of that value.

After communication with the relevant authorities in both regions, it is proposed to adjust the plan that AMSC will inject USD 83 million to establish a subsidiary in China, followed by the transfer of the Company's smart mobility business inChina. The specific method, steps, and amount of the equity will be determined based on the final approval by Department of Investment Review, Ministry of Economic Affairs.