VIVIC dissolves Taiwan branch after government bans Chinese ship imports

VIVIC CORP.

Board resolved on Aug 18, 2025 to dissolve VIVIC Taiwan; certificate filed Aug 19 and approved Aug 21.
Dissolution driven by Taiwan policy prohibiting import of ships from China, where main suppliers are located.
Company will refocus on US and Southeast Asia operations; expects branch closure by year-end 2025.
Public notices published Sept 26, 27, 29; final closure subject to no creditor objections within 3 months.
Management anticipates no significant impact on business performance as it seeks alternative jurisdictions.

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