1. Due to uncertainties arising from U.S.-China rivalry, geopolitical risks, and other factors, NCUE's 2024 investment approach is as follows for safety considerations:

(1) Deposits are placed with both public and private financial institutions in the form of fixed deposits, including foreign currency accounts, to generate stable interest income. NCUE adopts a cpmbination of short-term and long-term deposit strategies to ensure flexible fund utilization while minimizing idle cash in current accounts.

(2) Given that bond ETFs carry generally carry lower risk compared to equities and provide a secure and worthwhile investment option, U.S. government bonds have been initially selected as investment targets.

(3) In summary, NCUE's investment portfolio does not been include carbon-intensive energy industries, aligning with its commitment to sustainable and responsible financial management.

2. For the complete report, please refer to Annex 7.2.6A(PDF): 2024 NCUE Financial Planning Report.

3. Website: Public Information on University Affairs\Financial Information Analysis\Financial Planning Report\2024 Annual Financial Planning Report:

https://drive.google.com/file/d/1Ob_bf7e_suuL0bKBI_NcAUJyrMHZMhoe/view