Just Kitchen Holdings Corp. announced the planned opening of its next business-to-business ("B2B") ghost kitchen location (the "CTSP Location") in the Central Taiwan Science Park (the "CTSP") by the beginning of August. The CTSP Location follows on JustKitchen's previously announced opening of B2B ghost kitchens serving the Hsinchu Science Park and the Taoyuan Environmental Science and Technology Park.

The Company is aiming to establish four ghost kitchens in the CTSP and serve approximately 2,000 daytime meals per day to employees at the CTSP. The CTSP Location is consistent with JustKitchen's current focus on strengthening corporate client relationships and pursuing opportunities that maximize operating margins with minimal upfront capital costs. It is expected to enable the Company to also leverage the strongest proprietary and partner food brands from its portfolio and continue to deploy its JKOS platform in new ways.

Subject to the terms and conditions of the commercial arrangement applicable to the CTSP Location, it is being planned to be operated in a similar manner to the locations in the other two science parks. The CTSP was founded in 2003 and is located in the center of Taiwan. It has become an important area for concentrated high-tech companies and consists of Taichung Park, Huwei Park, Houli Park, Erlin Park and Chung Hsing Park, covering a total area of 1,486 hectares.1 The CTSP has developed quickly to become a major technology hub in Taiwan.

By the end of December 2021, 233 companies, nine incubation centers and five research units had been approved for residency at CTSP. Over NT$2.287 trillion has been invested in the CTSP with over 150 companies in operation resulting in approximately 52,000 jobs.1 Some of the most notable companies with offices in the CTSP are Micron Technology, TSMC, AUO Corporation and Largan Precision Co.