Announcement the impact of the Company's Shareholders' Equity due to the subsidiary, Hotai Insurance Co., Ltd. net loss for the six months ended June 30,2022

 Announcement the impact of the Company's Shareholders'
Equity due to the subsidiary, Hotai Insurance Co., Ltd.
net loss for the six months ended June 30,2022

1.Date of occurrence of the event:2022/08/11
2.Company name:HOTAI MOTOR Co., Ltd.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):Head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:
 The Company's subsidiary, Hotai Insurance Co., Ltd., reported six
 months net loss of NTD 4,526,260 thousand in 2022.
 After recognizing the investment loss through Hozan Investment
 Co., Ltd. which holds 99.80% shareholding of Hotai Insurance
 Co., Ltd. the Company's equity attributable to shareholders of the
 parent amounted to NTD 65,066,594 thousand
 (net asset value per share: NTD 119.13) as of June 30, 2022,
 a 4% decrease when compared with NTD 67,863,102 thousand
 (net asset value per share: NTD 124.25) reported as of March 31, 2022.
 The above event has no significant impact on the Company's
 shareholders' equity.
6.Countermeasures:None
7.Any other matters that need to be specified:None