QBit Upgrades Board of Directors: Welcoming TSMC and Qualcomm Industry Leaders to Deepen Governance and Path toward IPO

To strengthen our corporate governance and expand our Board's capabilities, we held an extraordinary shareholders' meeting on July 10, successfully electing our new Board of Directors.
Our new Board is built around three core pillars: Global Strategy, Advanced Technology, and Robust Internal Controls. Along with the re-election of CEO Simon Shen and CMO Jesica Pan, we have invited senior technical and marketing experts from TSMC and Qualcomm, alongside financial and legal professionals, to join us. This new lineup will continue to elevate our governance standards, implement rigorous internal controls, and drive the long-term growth of our SoC and ASIC businesses.

Strengthening Governance with Semiconductor and Capital Market Experts
Our newly appointed independent directors bring deep expertise in semiconductor operations and capital market governance:

• JJ Lin, Independent Director Former Senior Director of the Central Project Management Division at TSMC. He previously served as General Manager of Global Unichip Corporation (GUC), and CEO of Xintec and VisEra. Having managed the construction of multiple large-scale wafer fabs globally, he brings solid, hands-on experience in advanced process management and high-end ASIC development.
• Nien Chen, Independent Director Executive Director of the Public Relations Committee at the Taipei Certified Public Accountants Association, with extensive experience in capital market financial planning and internal controls.
• Angus Tsai, Independent Director Former Deputy Division Chief at the Taipei Exchange (TPEx), specializing in securities regulations and corporate governance practices.
• Jenny Lin, Independent Director A legal expert licensed to practice law in California, helping us ensure that our operational decisions and IPO preparations meet all compliance standards.

Global Strategic Directors to Drive International Expansion and Capital Markets
We have also added key board members to accelerate our global market expansion and connect with international capital markets:

• Neil Epstein, Director Former Senior Director of Product Marketing at Qualcomm. With his extensive experience in global semiconductor marketing and technology commercialization, he will partner with our CMO, Jesica Pan, to help us secure tier-one international accounts.
• CHI-WEI Danny Hong, Director A Chartered Professional Accountant (CPA) in Canada and current Vice President at TD Asset Management. He will provide institutional asset management perspectives to help us optimize our global capital strategy and build a solid financial foundation.

Executing Our Strategy: Advanced Processes and Post-Quantum Security in Place
Our recent business momentum is robust. We strategically acquired SinChip Technology in Singapore to secure our foothold in advanced semiconductor processes. In addition, our new QB7 series SoC, has officially passed rigorous testing by the U.S. National Institute of Standards and Technology (NIST), successfully bringing Post-Quantum Cryptography (PQC) technology to the market.
With our new Board of Directors now fully active, we will continue to leverage our combined technical and managerial strengths as we steadily move forward with our planned IPO application in the fourth quarter of 2026.