Asia Cement Corporation and Subsidiaries

Consolidated Financial Statements for the Nine Months Ended September 30, 2021 and 2020

Note: The translation version is intended for reference only. If any inconsistency between the Chinese and English versions, the Chinese version shall govern.

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Thousands of New Taiwan Dollars)

ASSETS CURRENT ASSETS Cash and cash equivalents (Notes 6 and 34) Financial assets at fair value through profit or loss - current (Note 7) Financial assets at fair value through other comprehensive income - current (Notes 8 and 35) Financial assets at amortized cost - current (Notes 6, 9, 34 and 35) Contract assets - current (Notes 28 and 34) Notes receivable Third parties Trade receivables Third parties (Notes 10 and 11) Related parties (Notes 10 and 34) Other receivables (Note 34) Current tax assets (Note 30) Inventories (Note 12) Prepayments (Note 34) Other current assets (Note 20) Total current assets NON-CURRENT ASSETS Investments accounted for using the equity method (Notes 14 and 35) Financial assets at fair value through other comprehensive income - non-current (Notes 8 and 35) Financial assets at amortized cost - non-current (Notes 6, 9, 34 and 35) Property, plant and equipment (Notes 15 and 35) Right-of-use assets (Notes 16 and 34) Investment properties (Notes 17 and 35) Intangible assets (Notes 18 and 19) Deferred tax assets (Note 30) Finance lease receivables - non-current (Note 11) Other non-current assets (Notes 20 and 34) Total non-current assets TOTAL LIABILITIES AND EQUITY CURRENT LIABILITIES Short-term borrowings (Notes 21 and 34) Short-term bills payable (Note 22) Financial liabilities at fair value through profit or loss - current (Notes 7 and 34) Contract liabilities - current (Note 28) Accounts payable and accrued expenses Third parties (Note 19) Related parties (Note 34) Dividends and bonuses payable Other payables - others Current tax liabilities (Note 30) Provisions - current (Note 25) Lease liabilities - current (Notes 16 and 34) Deferred revenue - current (Note 24) Current portion of long-term liabilities (Notes 23 and 34) Total current liabilities NON-CURRENT LIABILITIES Bonds payable (Note 23) Long-term borrowings (Notes 23 and 34) Provisions - non-current (Notes 20, 25 and 36) Deferred tax liabilities (Note 30) Lease liabilities - non-current (Notes 16 and 34) Deferred revenue - non-current (Note 24) Net defined benefit liabilities - non-current Other non-current liabilities (Note 20) Total non-current liabilities Total liabilities EQUITY ATTRIBUTABLE TO OWNERS OF THE CORPORATION (Note 27) Share capital Ordinary shares Capital collected in advance Total share capital Capital surplus Retained earnings Legal reserve Special reserve Unappropriated earnings Total retained earnings Other equity Total equity attributable to owners of the Corporation NON-CONTROLLING INTERESTS (Notes 27 and 32) Total equity TOTAL		September 30, 2021 Amount % $ 33,405,511 11 17,125,549 6 3,740,217 1 16,075,427 5 143,727 - 6,150,930 2 9,177,475 3 639,186 - 843,836 - 60,465 - 7,453,192 3 2,850,806 1 482,405 - 98,148,726 32 86,211,972 28 11,078,421 4 60,619 - 41,578,114 14 4,924,446 2 36,671,838 12 7,006,131 2 593,468 - 16,623,409 5 4,390,722 1 209,139,140 68 $ 307,287,866 100 $ 18,159,292 6 21,603,774 7 - - 1,484,328 1 9,528,629 3 275,737 - 368,974 - 104,526 - 1,319,952 - 15,000 - 195,895 - 75,912 - 3,900,759 1 57,032,778 18 45,178,844 15 17,396,328 6 787,806 - 10,200,669 3 1,123,196 1 715,048 - 154,814 - 459,265 - 76,015,970 25 133,048,748 43 34,460,572 11 981,169 1 35,441,741 12 5,972,507 2 19,783,405 6 66,476,869 22 24,485,730 8 110,746,004 36 (457,366) - 151,702,886 50 22,536,232 7 174,239,118 57 $ 307,287,866 100		December 31, 2020 Amount % $ 25,911,732 9 14,864,809 5 4,252,727 2 16,575,640 6 98,607 - 7,046,851 2 8,850,968 3 650,797 - 580,809 - 9,434 - 6,596,268 2 1,050,301 - 535,004 - 87,023,947 29 84,873,235 29 11,127,995 4 52,778 - 52,820,212 18 4,938,963 2 36,589,248 12 7,254,262 2 690,705 - 7,392,214 3 4,323,296 1 210,062,908 71 $ 297,086,855 100 $ 19,214,889 7 13,881,948 5 425,693 - 1,117,842 - 9,316,509 3 247,171 - 238,361 - 139,378 - 2,954,930 1 52,000 - 222,101 - 75,912 - 16,140,876 6 64,027,610 22 38,800,000 13 10,944,833 4 749,480 - 10,115,317 4 1,158,824 - 771,981 - 173,189 - 458,669 - 63,172,293 21 127,199,903 43 33,614,472 11 - - 33,614,472 11 1,492,584 1 18,473,057 6 65,267,773 22 27,842,666 10 111,583,496 38 1,078,007 - 147,768,559 50 22,118,393 7 169,886,952 57 $ 297,086,855 100		September 30, 2020
						Amount % $ 37,609,519 13 10,138,644 3 3,985,225 1 15,747,291 5 64,401 - 6,337,520 2 8,651,027 3 683,712 - 660,004 - 6,777 - 7,351,244 3 1,329,895 1 508,274 - 93,073,533 31 83,074,354 28 10,560,890 3 52,778 - 51,292,721 17 4,879,311 2 36,571,620 12 7,208,746 2 606,031 - 7,586,877 3 7,163,213 2 208,996,541 69 $ 302,070,074 100 $ 26,003,606 9 20,281,892 7 231,280 - 1,583,128 - 8,946,631 3 236,701 - 238,361 - 136,454 - 1,842,450 1 51,415 - 215,751 - 75,912 - 12,123,479 4 71,967,060 24 29,400,000 10 20,697,983 7 719,894 - 10,043,588 3 1,175,566 1 790,960 - 160,202 - 422,380 - 63,410,573 21 135,377,633 45 33,614,472 11 - - 33,614,472 11 1,459,679 - 18,473,057 6 65,267,773 22 25,053,928 8 108,794,758 36 (1,415,587) - 142,453,322 47 24,239,119 8 166,692,441 55 $ 302,070,074 100

The accompanying notes are an integral part of the consolidated financial statements.

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

OPERATING REVENUE (Notes 28 and 34) OPERATING COSTS (Notes 12, 29 and 34) GROSS PROFIT OPERATING EXPENSES Administrative expenses (Notes 29 and 34) Expected credit loss (Note 10) Total operating expenses OPERATING INCOME NON-OPERATING INCOME AND EXPENSES Interest income Other income (Note 29) Other gains and losses (Note 29) Finance costs (Note 29) Share of profit of associates and joint ventures Total non-operating income and expenses PROFIT BEFORE INCOME TAX INCOME TAX EXPENSE (Note 30) NET INCOME OTHER COMPREHENSIVE INCOME (LOSS), NET Items that will not be reclassified subsequently to profit or loss: Unrealized gain (loss) on investments in equity instruments at fair value through other comprehensive income Share of the other comprehensive income (loss) of associates and joint ventures		For the Three Months Ended September 30	For the Three Months Ended September 30	For the Three Months Ended September 30		For the Nine Months	Ended September 30	Ended September 30
		2021		2020		2021		2020
		Amount % $ 21,849,055 100 17,381,480 80 4,467,575 20 947,937 4 17,237 - 965,174 4 3,502,401 16 275,224 1 60,060 - (356,709 ) (2 ) (271,323 ) (1 ) 1,623,287 8 1,330,539 6 4,832,940 22 1,050,708 5 3,782,232 17 278,739 1 (284,043) (1) (5,304) -		Amount % $ 20,736,080 100 14,333,330 69 6,402,750 31 640,189 3 117,861 1 758,050 4 5,644,700 27 263,325 1 301,025 2 20,726 - (250,758 ) (1 ) 1,598,730 8 1,933,048 10 7,577,748 37 1,423,967 7 6,153,781 30 (130,785 ) (1 ) (200,571) (1) (331,356) (2)		Amount % $ 61,810,729 100 46,772,653 76 15,038,076 24 2,352,251 4 152,985 - 2,505,236 4 12,532,840 20 668,976 1 621,430 1 (1,246,139 ) (2 ) (672,547 ) (1 ) 4,476,836 7 3,848,556 6 16,381,396 26 3,383,892 5 12,997,504 21 58,658 - 311,457 1 370,115 1		Amount % $ 54,564,173 100 38,786,420 71 15,777,753 29 2,342,888 4 357,689 1 2,700,577 5 13,077,176 24 871,620 2 790,648 1 (521,886 ) (1 ) (945,378 ) (2 ) 3,590,156 7 3,785,160 7 16,862,336 31 3,874,737 7 12,987,599 24 (1,691,107 ) (3 ) (1,011,504) (2) (2,702,611) (5) (Continued)

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

For the Three Months Ended September 30	For the Three Months Ended September 30	For the Nine Months	Ended September 30
2021	2020	2021	2020
Amount % $ (330,630 ) (2 ) (86,136) - (416,766) (2) (422,070) (2) $ 3,360,162 15 $ 3,354,943 15 427,289 2 $ 3,782,232 17 $ 3,023,624 14 336,538 1 $ 3,360,162 15 $ 1.04 $ 1.02	Amount % $ 1,252,051 6 107,318 1 1,359,369 7 1,028,013 5 $ 7,181,794 35 $ 4,929,580 24 1,224,201 6 $ 6,153,781 30 $ 5,581,333 27 1,600,461 8 $ 7,181,794 35 $ 1.57 $ 1.46	Amount % $ (1,318,759 ) (2 ) (927,872) (2) (2,246,631) (4) (1,876,516) (3) $ 11,120,988 18 $ 11,070,037 18 1,927,467 3 $ 12,997,504 21 $ 9,559,726 15 1,561,262 3 $ 11,120,988 18 $ 3.50 $ 3.37	Amount % $ (578,751 ) (1 ) (719,784) (2) (1,298,535) (3) (4,001,146) (8) $ 8,986,453 16 $ 10,340,758 19 2,646,841 5 $ 12,987,599 24 $ 6,490,948 12 2,495,505 4 $ 8,986,453 16 $ 3.30 $ 3.09


$	$
$	$
$	$
$	$		$
$	$		$

The accompanying notes are an integral part of the consolidated financial statements.

(Concluded)

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (In Thousands of New Taiwan Dollars)

			Equity Attributable to Owners of the Corporation	Equity Attributable to Owners of the Corporation
Share Capital	Total $ 33,614,472 - - - - - - - - - - - $ 33,614,472 $ 33,614,472 - - - - - - 1,827,269 - - - - $ 35,441,741	Capital Surplus $ 1,456,054 - - - - - - 1,953 1,672 - - - $ 1,459,679 $ 1,492,584 - - - - - - 4,464,511 14,535 877 - - $ 5,972,507	R	etained Earnings Special Reserve Unappropriated Earnings $ 64,463,426 $ 27,373,840 - (1,745,968 ) 804,347 (804,347 ) - (10,084,341 ) - - - 10,340,758 - - - - - (4 ) - (20,704 ) - (1,746 ) - (3,560) $ 65,267,773 $ 25,053,928 $ 65,267,773 $ 27,842,666 - (1,310,348 ) 1,209,096 (1,209,096 ) - (11,933,138 ) - - - 11,070,037 - - - - - - - (1 ) - 25,062 - 548 $ 66,476,869 $ 24,485,730			Other Equity		Total Other Equity $ 2,432,477 - - - - - (3,849,810 ) - - - 1,746 - $ (1,415,587) $ 1,078,007 - - - - - (1,510,311 ) - - - (25,062 ) - $ (457,366)
					Exchange Differences on Translating the Financial Statements of F Foreign Operations $ (5,913,201 ) - - - - - (1,173,484 ) - - - - - $ (7,086,685) $ (6,108,955 ) - - - - - (1,865,042 ) - - - - - $ (7,973,997)	Unrealized Gain (Loss) on inancial Assets at Fair Value Through Other Comprehensive Income $ 7,908,323 - - - - - (2,690,655 ) - - - 1,746 - $ 5,219,414 $ 6,414,159 - - - - - 292,794 - - - (25,062 ) - $ 6,681,891	Gains on Property Revaluation $ 385,214 - - - - - 12,828 - - - - - $ 398,042 $ 716,970 - - - - - 61,159 - - - - - $ 778,129	Cash Flow Hedges $ 52,141 - - - - - 1,501 - - - - - $ 53,642 $ 55,833 - - - - - 778 - - - - - $ 56,611
Shares Ordinary shares Capital collected in advance 3,361,447 $ 33,614,472 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,361,447 $ 33,614,472 $ - 3,361,447 $ 33,614,472 $ - - - - - - - - - - - - - - - - - - - 84,610 846,100 981,169 - - - - - - - - - - - - 3,446,057 $ 34,460,572 $ 981,169			Legal Reserve $ 16,727,089 1,745,968 - - - - - - - - - - $ 18,473,057 $ 18,473,057 1,310,348 - - - - - - - - - - $ 19,783,405

The accompanying notes are an integral part of the consolidated financial statements.

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax Adjustments for: Depreciation expenses Amortization expenses Expected credit loss on trade receivables Net loss on fair value changes of financial assets and liabilities designated as at fair value through profit or loss Finance costs Interest income Dividend income Share of profit of associates and joint ventures Loss on disposal of property, plant and equipment Loss on disposal of intangible assets Gain on disposal of financial assets (Reversal) write-downs of inventories Unrealized loss on foreign exchange Gain on changes in fair value of investment properties Gain on modification of lease Changes in operating assets and liabilities Financial assets mandatorily classified as at fair value through profit or loss Contract assets Notes receivable Trade receivables Other receivables Inventories Prepayments Other current assets Financial liabilities held for trading Contract liabilities Accounts payable and accrued expenses Provisions Net defined benefit liabilities Deferred revenue Cash generated from operations Interests received Dividends received Interests paid Income tax paid Net cash generated from operating activities		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 16,381,396 3,461,517 203,979 152,985 576,979 672,547 (668,976) (679,447) (4,476,836) 51,941 9,371 (547,343) (122) 53,883 (86,800) (646) (2,127,279) (45,120) 822,241 644,146 48,341 (970,709) (1,869,293) 110,545 (678,950) 386,637 209,972 1,326 (18,375) (56,933) 11,560,977 576,998 3,068,882 (704,992) (4,870,775) 9,631,090	2020 $ 16,862,336 3,464,286 220,280 357,689 251,631 945,378 (871,620) (761,301) (3,590,156) 71,380 - (292,750) 17,571 12,313 (229,885) (8,712) (5,261,230) 4,011 4,764,366 1,662,236 50,473 385,544 522,766 (11,926) - 595,632 (1,546,134) 2,769 (4,006) (56,933) 17,556,008 793,701 3,756,602 (944,516) (5,054,945) 16,106,850

(Continued)

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

CASH FLOWS FROM INVESTING ACTIVITIES Purchase of financial assets at fair value through other comprehensive income Proceeds from sale of financial assets at fair value through other comprehensive income Proceeds from sale of financial assets at amortized cost Acquisition of associates and joint ventures Proceeds from disposal of associates Increase in long-term prepayments for investment Proceeds from capital reduction of investments accounted for using equity method Payments for property, plant and equipment Proceeds from disposal of property, plant and equipment (Increase) decrease in refundable deposits Payments for intangible assets Proceeds from disposal of intangible assets Payments for right-of-use assets Payments for investment properties Proceeds from disposal of right-of-use assets Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES (Decrease) increase in short-term borrowings Increase in short-term bills payable Proceeds from issuing bonds Repayments of bonds Proceeds from long-term borrowings Repayments of long-term borrowings Decrease in guarantee deposits received Repayment of the principal portion of lease liabilities Increase in other non-current liabilities Cash dividends paid Acquisition of additional interests in subsidiaries Dividends paid to non-controlling interests Net cash generated from financing activities EFFECTS OF EXCHANGE RATE CHANGES ON THE BALANCE OF CASH AND CASH EQUIVALENTS HELD IN FOREIGN CURRENCIES		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ (89,550) 710,289 157,501 (245,364) 37,738 (82,110) - (2,586,080) 44,156 (14,073) (72,561) - (179,025) (3,035) 7,291 (2,314,823) (921,121) 7,723,000 6,300,000 (3,000,000) 23,954,953 (20,137,670) (96,941) (208,570) 8,510 (11,933,491) (1,595) (1,024,251) 662,824 (485,312)	2020 $ (1,476,071) 909,341 6,775,762 (6) - (2,750,463) 16,613 (4,379,190) 112,103 38,385 (3,157,672) 37 - (2,343) 8,248 (3,905,256) 2,494,788 1,349,800 19,400,000 (3,000,000) 50,096,661 (57,154,394) (108,630) (173,317) 135,526 (10,084,584) (17,750) (1,639,073) 1,299,027 (626,597) (Continued)

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands of New Taiwan Dollars)

NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CASH AND CASH EQUIVALENTS, END OF THE PERIOD		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 7,493,779 25,911,732 $ 33,405,511	2020 $ 12,874,024 24,735,495 $ 37,609,519

The accompanying notes are an integral part of the consolidated financial statements.

(Concluded)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 AND 2020 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

ASIA CEMENT CORPORATION AND SUBSIDIARIES

1. ORGANIZATION AND OPERATIONS

Asia Cement Corporation (the “Corporation”) was incorporated in March 1957. It manufactures and sells cement, clinker, cement-related products and ready-mixed concrete, and engages in leasing activities. The Corporation is also required to undertake reforestation activities in designated areas. The Corporation’s shares have been listed on the Taiwan Stock Exchange since June 1962.

In June 1992 and September 1996, certain shares of the Corporation were sold by Far Eastern New Century Corporation (FENC) in the form of global depositary shares (GDSs). Such GDSs have been quoted through the SEAQ system of the London Stock Exchange and traded through the portal system of the National Association of Securities Dealers, Inc.

On March 25, 2021, in order to reduce the related management costs, the Corporation’s board of directors resolved to terminate the GDSs program and to delist from the London Stock Exchange

The consolidated financial statements are presented in the Corporation’s functional currency, New Taiwan dollar.

2. APPROVAL OF FINANCIAL STATEMENTS

The consolidated financial statements were approved by the Corporation’s board of directors and authorized for issue on November 12, 2021.

3. APPLICATION OF NEW, AMENDED AND REVISED STANDARDS AND INTERPRETATIONS

a. Initial application of the amendments to the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) (collectively, the “IFRSs”) endorsed and issued into effect by the Financial Supervisory Commission (FSC)

Except for the following, the initial application of the IFRSs endorsed and issued into effect by the FSC did not have material impact on the Group’s accounting policies:

Amendment to IFRS 16 “Covid-19 - Related Rent Concessions beyond June 30, 2021”

The Group elected to apply the amendment that extends the availability of the practical expedient to lease payments due on or before June 30, 2022. Refer to the Summary of Significant Accounting Policies in the consolidated financial statements for the year ended December 31, 2020 for the relevant accounting policies of the practical expedient.

The Group applies the amendments from January 1, 2021.

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b. The IFRSs endorsed by the FSC for application starting from 2022
Effective Date
New IFRSs Announced by IASB
“Annual Improvements to IFRS Standards 2018-2020” January 1, 2022 (Note 1) Amendments to IFRS 3 “Reference to the Conceptual Framework” January 1, 2022 (Note 2) Amendments to IAS 16 “Property, Plant and Equipment - Proceeds January 1, 2022 (Note 3) before Intended Use”
Amendments to IAS 37 “Onerous Contracts - Cost of Fulfilling a January 1, 2022 (Note 4) Contract”
Note 1: The amendments to IFRS 9 are applied prospectively to modifications and exchanges of financial liabilities that occur on or after the annual reporting periods beginning on or after January 1, 2022. The amendments to IAS 41 “Agriculture” are applied prospectively to the fair value measurements on or after the annual reporting periods beginning on or after January 1, 2022. The amendments to IFRS 1 “First-time Adoptions of IFRSs” are applied retrospectively for annual reporting periods beginning on or after January 1, 2022.
Note 2: The amendments are applicable to business combinations for which the acquisition date is on or after the beginning of the annual reporting period beginning on or after January 1, 2022.
Note 3: The amendments are applicable to property, plant and equipment that are brought to the location and condition necessary for them to be capable of operating in the manner intended by management on or after January 1, 2021.
Note 4: The amendments are applicable to contracts for which the entity has not yet fulfilled all its obligations on January 1, 2022.

Amendments to IAS 16 “Property, Plant and Equipment: Proceeds before Intended Use”

The amendments prohibit an entity from deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The cost of those items is measured in accordance with IAS 2 “Inventories”. Any proceeds from selling those items and the cost of those items are recognized in profit or loss in accordance with applicable standards.

The amendments are applicable only to items of property, plant and equipment that are brought to the location and condition necessary for them to be capable of operating in the manner intended by management on or after January 1, 2021. The Group shall restate its comparative information when it initially applies the aforementioned amendments.

Except for the above impact, as of the date the consolidated financial statements were authorized for issue, the Group is continuously assessing the possible impact that the application of other standards and interpretations will have on the Group’s financial position and financial performance and will disclose the relevant impact when the assessment is completed.

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c. New IFRSs in issue but not yet endorsed and issued into effect by the FSC

New IFRSs Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets between An Investor and Its Associate or Joint Venture” IFRS 17 “Insurance Contracts” Amendments to IFRS 17 Amendments to IAS 1 “Classification of Liabilities as Current or Non-current” Amendments to IAS 1 “Disclosure of Accounting Policies” Amendments to IAS 8 “Definition of Accounting Estimates” Amendments to IAS 12 “Deferred Tax related to Assets and Liabilities arising from a Single Transaction”	Effective Date Announced by IASB (Note 1)
	To be determined by IASB January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2023 (Note 2) January 1, 2023 (Note 3) January 1, 2023 (Note 4)

New IFRSs
Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets
between An Investor and Its Associate or Joint Venture”

IFRS 17 “Insurance Contracts”

Amendments to IFRS 17

Amendments to IAS 1 “Classification of Liabilities as Current or
Non-current”

Amendments to IAS 1 “Disclosure of Accounting Policies”

Amendments to IAS 8 “Definition of Accounting Estimates”

Amendments to IAS 12 “Deferred Tax related to Assets and
Liabilities arising from a Single Transaction”

Effective Date
Announced by IASB (Note 1)

To be determined by IASB
January 1, 2023
January 1, 2023
January 1, 2023
January 1, 2023 (Note 2)
January 1, 2023 (Note 3)
January 1, 2023 (Note 4)

Note 1: Unless stated otherwise, the above New IFRSs are effective for annual reporting periods beginning on or after their respective effective dates.
Note 2: The amendments will be applied prospectively for annual reporting periods beginning on or after January 1, 2023.
Note 3: The amendments are applicable to changes in accounting estimates and changes in accounting policies that occur on or after the beginning of the annual reporting period beginning on or after January 1, 2023.
Note 4: Except for deferred taxes that will be recognized on January 1, 2022 for temporary differences associated with leases and decommissioning obligations, the amendments will be applied prospectively to transactions that occur on or after January 1, 2022.

As of the date the consolidated financial statements were authorized for issue, the Group is continuously assessing the possible impact that the application of the above standards and interpretations will have on the Group’s financial position and financial performance and will disclose the relevant impact when the assessment is completed.

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Statement of compliance

The consolidated financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and IAS 34 “Interim Financial Reporting” as endorsed and issued into effect by the FSC. Disclosure information included in these interim consolidated financial statements is less than the disclosure information required in a complete set of annual consolidated financial statements.

b. Basis of preparation

The consolidated financial statements have been prepared on the historical cost basis except for financial instruments, investment properties which are measured at fair value, and net defined benefit assets (liabilities) which are measured at the present value of the defined benefit obligation less the fair value of plan assets.

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The fair value measurements, which are grouped into Levels 1 to 3 based on the degree to which the fair value measurement inputs are observable and based on the significance of the inputs to the fair value measurement in its entirety, are described as follows:

1) Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;
2) Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for an asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and
3) Level 3 inputs are unobservable inputs for an asset or liability.
c. Basis of consolidation

Principles for preparing consolidated financial statements

The consolidated financial statements incorporate the financial statements of the Corporation and the entities controlled by the Corporation (i.e., its subsidiaries).

Income and expenses of subsidiaries acquired or disposed of during the period are included in the consolidated statement of profit or loss and other comprehensive income from the effective dates of acquisitions up to the effective dates of disposals, as appropriate.

When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the Corporation.

All intra-group transactions, balances, income and expenses are eliminated in full upon consolidation.

Total comprehensive income of subsidiaries is attributed to the owners of the Corporation and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

Changes in the Group’s ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the interests of the Group and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owners of the Corporation.

Refer to Note 13, Tables 7 and 8 for detailed information on subsidiaries (including percentages of ownership and main businesses).

d. Other significant accounting policies

Except for the following, please refer to the consolidated financial statements for the year ended December 31, 2020.

1) Retirement benefits

Pension cost for an interim period is calculated on a year-to-date basis by using the actuarially determined pension cost rate at the end of the prior financial year, adjusted for significant market fluctuations since that time and for significant plan amendments, settlements, or other significant one-off events.

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2) Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax. Interim period income taxes are assessed on an annual basis and calculated by applying to an interim period’s pre-tax income the tax rate that would be applicable to expected total annual earnings.

5. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Group’s accounting policies, management is required to make judgments, estimations, and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The Group considers the recent development of the COVID-19 in Taiwan and its economic environment implications when making its critical accounting estimates in cash flow projections, growth rate, discount rate, profitability, etc. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised if the revisions affect only that period or in the period of the revisions and future periods if the revisions affect both current and future periods.

The consolidated financial statements for critical accounting judgments and key sources of estimation uncertainty are consistent with the consolidated financial statements for the year ended December 31, 2020.

6. CASH AND CASH EQUIVALENTS

September 30, 2021 Checking accounts and demand deposits $ 12,381,384 Cash on hand 665 Petty cash 3,662 Cash equivalents (investments with original maturities of less than 3 months) Time deposits 20,383,831 Commercial paper - Repurchase agreements collateralized by bonds 635,969 $ 33,405,511	December 31, 2020 September 30, 2020 $ 9,821,180 $ 9,612,181 1,162 1,246 3,312 3,396 15,023,096 26,992,839 993,695 - 69,287 999,857 $ 25,911,732 $ 37,609,519

As of September 30, 2021, December 31, 2020 and September 30, 2020, the Group’s bank deposits in the amounts of $273,376 thousand, $314,343 thousand and $164,697 thousand, respectively, are restricted as collaterals for bank loans and classified as financial assets at amortized cost in the balance sheets. Time deposits with original maturities of more than 3 months in the amounts of $9,241,751 thousand, $5,851,847 thousand and $15,635,372 thousand, respectively, are also classified as financial assets at amortized cost in the balance sheets as of September 30, 2021, December 31, 2020 and September 30, 2020, Refer to Note 9.

12 -

7. FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT

September 30,
2021
Financial assets at FVTPL
Financial assets mandatorily classified as at
FVTPL
Derivative financial assets (not under hedge
accounting)
Bond options
$ 1,259
Non-derivative financial assets
Beneficiary certificates
12,430,228
Listed shares

4,694,062

$ 17,125,549

Financial liabilities at FVTPL
Financial liabilities held for trading
Derivative financial liabilities (not under hedge
accounting)
Cross-currency swap contracts
$ -

December 31,
2020
September 30,
2020
$ 94,743 $ 71,201

9,311,570
5,769,315

5,458,496

4,298,128
$ 14,864,809
$ 10,138,644
$ 425,693
$ 231,280

The Group entered into cross-currency swap contracts to manage exposures to exchange rate fluctuations. The Group’s financial hedging strategy is to avoid most of the cash flow risk exposure. As of December 31, 2020 and September 30, 2020, outstanding cross-currency swap contracts not under hedge accounting were as follows:

Notional Amounts		Range of Interest	Range of Interest
(In Thousands)	Maturity Date	Rates Paid	Rates Received
US$215,000	2021.09.15	-	2.68%-2.80%

8. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Domestic investments Listed shares Unlisted shares Foreign investments Listed shares Unlisted shares		September	30, 2021		December 31, 2020	December 31, 2020		September	30, 2020
		Current $ 3,713,026 - 3,713,026 27,191 - 27,191 $ 3,740,217	Non-current $ 8,909,454 1,752,806 10,662,260 - 416,161 416,161 $ 11,078,421		Current $ 4,102,617 - 4,102,617 150,110 - 150,110 $ 4,252,727	Non-current $ 9,043,782 1,691,106 10,734,888 - 393,107 393,107 $ 11,127,995		Current $ 3,823,815 - 3,823,815 161,410 - 161,410 $ 3,985,225	Non-current $ 8,470,984 1,645,539 10,116,523 - 444,367 444,367 $ 10,560,890

a. These investments in equity instruments are not held for trading. Instead, they are held for medium to long-term strategic purposes. Accordingly, the management elected to designate these investments in equity instruments as at FVTOCI as they believe that recognizing short-term fluctuations in these investments’ fair value in profit or loss would not be consistent with the Group’s strategy of holding these investments for long-term purposes.
13 -
b. Asia Cement Pioneer Investment Ltd. (ACP) acquired the shares of Cementon Micronesia LLC for US$3,900 thousand in September 2010. As of September 30, 2021, 50% of the investment consideration was not paid and accounted for as accounts payable and accrued expenses - third parties. The consideration will be paid once the counterparty asks for payment.
c. Refer to Note 35 for information relating to financial assets at fair value through other comprehensive income pledged as collaterals.

9. FINANCIAL ASSETS AT AMORTIZED COST

September 30, 2021 Time deposits with original maturities of more than 3 months $ 9,241,751 Notes receivable 6,338,398 Repurchase agreements collateralized by bonds 282,521 Restricted assets 273,376 $ 16,136,046 Current $ 16,075,427 Non-current $ 60,619	December 31, 2020 September 30, 2020 $ 5,851,847 $ 15,635,372 10,462,228 - - - 314,343 164,697 $ 16,628,418 $ 15,800,069 $ 16,575,640 $ 15,747,291 $ 52,778 $ 52,778

Based on the Group’s assessment, the credit risk of these financial assets is not expected to be high and has not increased since initial recognition.

Refer to Note 35 for information relating to financial assets at amortized cost pledged as collaterals.

10. TRADE RECEIVABLES

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2021		2020		2020
At amortized cost
Trade receivables - sales	$ 9,573,278		$ 9,748,930		$ 9,758,940
Finance lease receivable - current (Note 11)		1,277,312		778,653		764,862
Construction receivable		117,122		89,250		133,153
Operating lease receivable		95,756		51,449		42,264
Less: Allowance for impairment loss - sales		(1,246,102)		(1,165,856)		(1,363,788)
Less: Allowance for impairment loss -
construction		(705)		(661)		(692)
	$ 9,816,661		$ 9,501,765		$ 9,334,739

Trade Receivables - Sales

The average credit period of receivables from sales of goods was 30-90 days. Specific customers with good credit records were given longer credit period occasionally. The average credit period for customers of concrete products was 180-365 days after construction of building was finished.

14 -

The Group reviews the recoverable amount of each individual trade debt at the end of the reporting period to ensure that adequate allowance is made for possible irrecoverable amounts. The Group obtains sufficient collateral, where appropriate, as a means of mitigating the risk of financial loss from defaults.

The Group measures the loss allowance for trade receivables at an amount equal to lifetime ECLs. The expected credit losses on trade receivables are estimated by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of economic conditions at the reporting date.

The Group writes off a trade receivable when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery. For trade receivables that have been written off, the Group continues to engage in enforcement activity to attempt to recover the receivables due. Where recoveries are made, these are recognized in profit or loss.

September 30, 2021

Gross carrying amount Loss allowance (lifetime ECLs) Amortized cost December 31, 2020 Gross carrying amount Loss allowance (lifetime ECLs) Amortized cost September 30, 2020 Gross carrying amount Loss allowance (lifetime ECLs) Amortized cost	Less than 90 Days 91 to 180 Days $ 6,861,177 $ 1,435,820 (118,909) (137,866) $ 6,742,268 $ 1,297,954 Less than 90 Days 91 to 180 Days $ 6,513,332 $ 1,440,464 (148,420) (99,688) $ 6,364,912 $ 1,340,776 Less than 90 Days 91 to 180 Days $ 5,924,190 $ 1,790,585 (115,085) (110,606) $ 5,809,105 $ 1,679,979	181 to 365 Days Over 366 Days $ 548,830 $ 727,451 (348,678) (640,649) $ 200,152 $ 86,802 181 to 365 Days Over 366 Days $ 508,325 $ 1,286,809 (101,479) (816,269) $ 406,846 $ 470,540 181 to 365 Days Over 366 Days $ 878,981 $ 1,165,184 (162,733) (975,364) $ 716,248 $ 189,820	Total $ 9,573,278 (1,246,102)
			$ 8,327,176
			Total $ 9,748,930 (1,165,856)
			$ 8,583,074
			Total $ 9,758,940 (1,363,788)
			$ 8,395,152

The above aging schedule was based on the invoice date.

The movements of the loss allowance of trade receivables were as follows:

Balance at January 1 Add: Impairment loss recognized on receivables Amounts recovered from the prior year write-offs Less: Amounts written off Effect of foreign currency exchange differences Balance at September 30	2021 $ 1,166,517 88,021 12,716 (1,268) (19,179) $ 1,246,807	2020 $ 1,043,758 357,689 - (30,325) (6,642) $ 1,364,480

15 -

11. FINANCE LEASE RECEIVABLES

September 30, 2021 Undiscounted lease payments Year 1 $ 2,013,223 Year 2 1,974,288 Year 3 1,974,288 Year 4 1,974,288 Year 5 1,974,288 Year 6 onwards 12,134,007 22,044,382 Less: Unearned finance income (4,143,661) Net investment in leases presented as finance lease receivables $ 17,900,721 Current $ 1,277,312 Non-current 16,623,409 $ 17,900,721	December 31, 2020 September 30, 2020 $ 1,401,682 $ 1,401,682 1,401,682 1,401,682 1,401,682 1,401,682 1,401,682 1,401,682 1,401,682 1,401,682 4,205,046 4,555,467 11,213,456 11,563,877 (3,042,589) (3,212,138) $ 8,170,867 $ 8,351,739 $ 778,653 $ 764,862 7,392,214 7,586,877 $ 8,170,867 $ 8,351,739

Chiahui Power Corp. (CHP) entered into 25-year and 20-year purchase and sale agreements of Phase I and Phase II power plant with Taiwan Power Company (TPC), respectively. According to the agreement, electricity generated by CHP is sold to TPC. CHP started its operation on December 15, 2003 and on July 31, 2021, respectively. Because the nature of the agreement is considered as conveyance of rights to use asset, the agreement is regarded as finance lease.

The Group measures the loss allowance for finance lease receivables at an amount equal to lifetime ECLs. As of September 30, 2021, no finance lease receivable was past due. The Group has not recognized a loss allowance for finance lease receivables after taking into consideration the historical default experience and the future prospects of the industries in which the lessees operate.

12. INVENTORIES

	September 30,	December 31,	September 30,
	2021	2020	2020
Finished goods	$ 1,711,492	$ 2,141,698	$ 2,599,079
Work in progress	1,008,409	783,221	871,313
Raw materials	3,018,438	2,065,356	1,927,622
Supplies	1,714,853	1,605,993	1,953,230
	$ 7,453,192	$ 6,596,268	$ 7,351,244

The cost of inventories recognized as cost of goods sold for the three months and nine months ended September 30, 2021 and 2020 were $14,899,140 thousand, $12,875,721 thousand, $41,556,940 thousand and $34,453,451 thousand, respectively. The cost of goods sold included loss (reversal) on write-downs of inventories were $(37) thousand, $17,397 thousand, $(122) thousand and $17,571 thousand for the three months and nine months ended September 30, 2021 and 2020. The reversals of previous write-downs resulted from the sale of these inventories.

16 -

13. SUBSIDIARIES

a. Subsidiaries included in the consolidated financial statements

Investor
Subsidiary
The Corporation
Der Ching Investment Corp. (DCI)
Ya Tung Ready-Mixed Concrete Corp.
(YTRMC)
Nan Hwa Cement Corp. (NHC)
Chiahui Power Corp. (CHP)
Asia Cement (Singapore) Pte. Ltd. (ACSPL)
ACCHC
Ya Li Precast and Prestressed Concrete
Industries Corp. (YLPPC)
Asia Investment Corp. (AIC)
Fu Ming Transport Corp. (FMT)
Asia Engineering Enterprise Corp. (AEE)
Sunrise Industrial Holdings Ltd. (SIHL)
Yuan Long Stainless Steel Corp. (YLSS)
Yali Transportation Corp. (YLT)
DCI
Kowloon Cement Corp. Ltd. (KCC)
Fu Shan Mineral Stone Co., Ltd. (FSMS)
AC Mega Investment Ltd. (ACM)
AC Mega II Investment Ltd. (ACM II)
AC Mega III Investment Ltd. (ACM III)
AC Mega IV Investment Ltd. (ACM IV)
AC Leap Investment Ltd. (ACL)
YTRMC
Ya Sing Ready-Mixed Concrete Corp. (YSRMC)
Ya Tung Vietnam Co., Ltd. (YTV)
PT Yatung Concrete International (PYCI)
Asia Oriental (Guam) LLC (AOG)
AOG
Asia Oriental Concrete, LLC (AOC)
FMT
Fu Da Transportation Corp. (FDT)
AEE
ACCHC
AIC
CHP
DCI
NHC
FMT
FSMS
FDT
YSRMC
AEE
YTRMC
Asia Cement Explorer Investment Ltd. (ACE)
Asia Cement Pioneer Investment Ltd. (ACP)
Asia Cement Pioneer II Investment Ltd. (ACP II)
Asia Cement Pioneer III Investment Ltd. (ACP
III)
Asia Cement Pioneer IV Investment Ltd. (ACP
IV)
YLPPC
PYCI
Ya Li Precast Concrete India Pvt. Ltd. (YLPCIP)
AOG
ACSPL
Oriental Concrete Pte. Ltd. (OCPL)
ACCHC
ACCHC
Perfect Industrial Holdings Pte. Ltd. (PIHPL)
PIHPL
Asia Continent Investment Holdings Pte. Ltd.
(ACIHPL)
Oriental Industrial Holdings Pte. Ltd. (OIHPL)
ACIHPL
Jiangxi Yadong Cement Co., Ltd. (JYDC)
OIHPL
Wuhan Yadong Cement Co., Ltd. (WYDC)
Oriental Holdings Co., Ltd. (OHC)
Shanghai Yali Cement Products Co., Ltd.
(SHYLCP)
Hubei Yadong Cement Co., Ltd. (HYDCCL)
Sichuan Yali Concrete Produce Co., Ltd.
(SYCPCL)
Sichuan Yali Transport Co., Ltd. (SYTCL)

Proportion of Ownership and Voting Rights
September 30,
2021
December 31,
2020
September 30,
2020
Remark
99.99
99.99
99.99
Note 7
99.99
99.99
99.99
Notes 6, 7
99.98
99.98
99.97
Note 7
99.70
99.69
59.73
Notes 6, 7
99.99
99.96
99.96
Notes 6
67.73
67.73
67.73
Note 1
83.92
83.92
83.88
Note 7
100.00
100.00
100.00
99.95
99.95
99.84
Note 7
99.74
99.74
99.00
Note 7
100.00
100.00
100.00
100.00
100.00
100.00
51.61
51.61
51.47
Note 7
49.00
49.00
49.00
99.56
99.56
99.56
100.00
100.00
100.00
Notes 2, 4
100.00
100.00
100.00
Notes 2, 4
100.00
100.00
100.00
Notes 2, 4
100.00
100.00
100.00
Notes 2, 4
100.00
100.00
100.00
Notes 2, 4
69.95
69.95
69.95
Note 8
100.00
100.00
100.00
-
-
99.00
Note 9
95.04
95.04
95.04
71.68
71.68
71.68
99.94
99.94
99.91
Note 8
0.20
0.20
0.20
0.01
0.01
0.01
-
-
-
0.02
0.02
0.02
0.02
0.02
0.02
0.38
0.38
0.38
0.03
0.03
0.03
0.05
0.05
0.05
0.07
0.07
0.07
-
-
-
100.00
100.00
100.00
Notes 3, 5
100.00
100.00
100.00
Notes 3, 5
100.00
100.00
100.00
Notes 3, 5
100.00
100.00
100.00
Notes 3, 5
100.00
100.00
100.00
Notes 3, 5
-
-
1.00
Note 9
99.99
99.99
99.99
4.96
4.96
4.96
100.00
100.00
100.00
4.07
4.07
4.07
100.00
100.00
100.00
100.00
100.00
100.00
99.99
99.99
99.99
85.00
85.00
85.00
90.00
90.00
90.00
100.00
100.00
100.00
90.00
90.00
90.00
90.00
90.00
90.00
90.00
90.00
90.00
90.00
90.00
90.00
(Continued)

17 -

Investor
Subsidiary
Yangzhou Yadong Cement Co., Ltd. (YYDCCL)
Sichuan Yadong Cement Co., Ltd. (SIYDCCL)
Chengdu Yali Cement Products Co., Ltd.
(CYCPCL)
Huanggang Yadong Cement Co., Ltd. (HGYDC)
JYDC
Jiangxi Yali Transport Co., Ltd. (JYLTC)
Nanchang Yadong Cement Co., Ltd. (NYDC)
Nanchang Yali Concrete Produce Ltd. (NYLC)
Ruichang Yadong New Material Co., Ltd.
(RYNM)
OHC
JYDC
WYDC
NYDC
JYLTC
SHYLCP
SYTCL
SIYDCCL
HGYDC
YYDCCL
CYCPCL
HYDCCL
SYCPCL
Tai Zhou Oriental Construction Co., Ltd.
(TZOCCL)
WYDC
Wuhan Yali Cement Products Co., Ltd.
(WYCPCL)
SIYDCCL
Sichuan Lanfeng Cement Co., Ltd. (SLCL)
SLCL
Sichuan Lanfeng Construction Co., Ltd.
(SLCCL)
HYDCCL
Hubei Yali Transport Co., Ltd. (HYTCL)
Wuhan Yaxin Cement Co., Ltd. (WYXC)
KCC
Kowloon Concrete Corporation Limited (KCCL)
Join Fortune Trading Ltd. (JFTL)

Proportion of Ownership and Voting Rights
September 30,
2021
December 31,
2020
September 30,
2020
Remark
90.00
90.00
90.00
90.00
90.00
90.00
51.22
51.22
51.22
90.00
90.00
90.00
52.00
52.00
51.99
Note 8
50.00
50.00
50.00
100.00
100.00
100.00
100.00
100.00
100.00
10.00
10.00
10.00
10.00
10.00
10.00
25.00
25.00
25.00
48.00
48.00
48.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
48.78
48.78
48.78
10.00
10.00
10.00
10.00
10.00
10.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
90.00
90.00
90.00
100.00
100.00
100.00
100.00
100.00
100.00
Note 4
(Concluded)

Remarks:

Note 1: Subsidiaries that have material non-controlling interests. See Tables 8 for the information on the places of incorporation and principal places of business.
Note 2: In the third quarter of 2021, the Corporation’s subsidiary, DCI, fully subscribed for cash capital increase of its subsidiaries, ACP, ACM, ACM Ⅱ, ACM Ⅲ, and ACM Ⅳ, for US$10,000 thousand, respectively.
Note 3: In the third quarter of 2021, the Corporation’s sub-subsidiary, AIC, fully subscribed for cash capital increase of its subsidiaries, ACE, ACP, ACP Ⅱ, ACP Ⅲ, and ACP Ⅳ, for US$10,000 thousand, respectively.
Note 4: In the third quarter of 2020 the Corporation’s sub-subsidiaries, JFTL, ACL, ACM, ACM II, ACM Ⅲ , and ACM Ⅳ , underwent capital reduction in the amounts of HK$4,323 thousand, US$9,800 thousand, US$9,900 thousand, US$700 thousand, US$700 thousand and US$9,900 thousand, respectively.
Note 5: In the third quarter of 2020, the Corporation’s sub-subsidiaries, ACE, ACP, ACP II, ACP Ⅲ , and ACP Ⅳ , underwent capital reduction in the amounts of US$10,700 thousand, US$10,000 thousand, US$10,200 thousand, US$10,200 thousand and US$9,900 thousand, respectively.
Note 6: From March to April 2021, the Corporation acquired non-controlling interests in its subsidiaries, including ACSPL, CHP and YTRMC, refer to Note 32.
18 -
Note 7: From April to December 2020, the Corporation acquired non-controlling interests in its subsidiaries, including CHP, YTRMC, DCI, FMT, NHC, AEE, YLT and YLPPC; refer to Note 32 and Note 32 to the consolidated financial statements for the year ended December 31 2020.
Note 8: From July to December 2020, YTRMC, FMT and JYDC acquired non-controlling interests in their subsidiaries, YSRMC, FDT, and JYLTC, refer to Note 32 to the consolidated financial statements for the year ended December 31 2020.
Note 9: On December 25, 2020, the Corporation’s subsidiaries, YTRMC and YLPPC, sold their interests in sub-subsidiary, PYCI, and the loss recognized from the disposal was $58,871 thousand.
b. Subsidiaries excluded from the consolidated financial statements: None.

14. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

September 30,
2021
Investments in associates
$ 85,548,187
Investments in joint ventures

663,785

$ 86,211,972

a. Investments in associates
September 30,
2021
Material associates
Listed shares
FENC
$ 41,049,527
China Shanshui Cement Group Limited
(CSCGL)
15,425,184
U-Ming Marine Transport Corp. (U-Ming)
9,898,281

66,372,992

Associates that are not individually material
Unlisted shares
Far Eastern Construction Co., Ltd. (FEC)
4,979,693
Yuan Ding Co., Ltd. (YDC)
4,265,458
Yuan Ding Enterprise (Shanghai) (YDES)
2,944,970
Yue Yuan Investment Corp. (YYI)
2,572,654
Oriental Securities Corp. (OSC)
1,977,978
Yue Ding Enterprise Corp. (YDEC)
720,450
FEDS Development Ltd. (FEDSDL)
636,012
Yuan Ding Leasing Corp. (YDLC)
374,392
Drive Catalyst SPC - SP Tranche Three
(Catalyst Tranche Three)
240,085
Drive Catalyst SPC - SP Tranche Two
(Catalyst Tranche Two)
112,433

December 31,
2020
September 30,
2020
$ 84,323,883 $ 82,606,775

549,352

467,579
$ 84,873,235
$ 83,074,354
December 31,
2020
September 30,
2020
$ 41,566,417 $ 41,112,221

14,380,609
13,597,308

9,379,683

9,317,798

65,326,709

64,027,327

4,935,305
4,874,993

4,441,817
4,439,547

3,038,347
2,985,214

2,453,784
2,243,261

1,942,089
1,889,378

695,211
672,557

634,350
627,214

377,260
374,527

127,392
117,636

-
-
(Continued)

19 -

September 30, 2021 Drive Catalyst SPC - SP Tranche One (Catalyst Tranche One) $ 106,217 Everstrong Iron & Steel Foundry Ltd. (EISF) 100,902 Hubei Zhongjian Yadong Concrete Co., Ltd. (HZYCCL) 89,316 Pao-Good Industry Co., Ltd. (PGIC) 52,578 Opas Fund Segregated Portfolio Company (OFSPC) 1,538 Drive Catalyst SPC (Catalyst) 479 Perez-Mtec-ACC, LLC (PMA) 40 19,175,195 $ 85,548,187	December 31, 2020 September 30, 2020 $ 106,171 $ 118,670 100,653 96,996 90,194 88,263 52,544 49,057 1,538 1,607 479 488 40 40 18,997,174 18,579,448 $ 84,323,883 $ 82,606,775 (Concluded)

At the end of the reporting period, the percentages of owners’ voting rights in associates held by the Group were as follows:

	September 30,	December 31,	September 30,
Name of Associate	2021	2020	2020
FENC	25.72%	25.74%	25.74%
U-Ming	17.46%	17.46%	17.46%
CSCGL	41.41%	41.41%	41.41%
FEC	33.76%	33.76%	33.76%
YDC	49.99%	49.99%	49.99%
YDES	40.00%	40.00%	40.00%
YYI	29.92%	29.92%	29.92%
OSC	18.93%	18.93%	18.93%
YDEC	30.84%	30.84%	30.84%
FEDSDL	25.00%	25.00%	25.00%
YDLC	43.60%	43.60%	43.60%
Catalyst Tranche Three	25.00%	25.00%	25.00%
Catalyst Tranche Two	25.00%	-	-
Catalyst Tranche One	25.00%	25.00%	25.00%
EISF	48.73%	48.73%	48.73%
HZYCCL	40.00%	40.00%	40.00%
PGIC	31.00%	31.00%	31.00%
OFSPC	33.00%	33.00%	33.00%
Catalyst	33.00%	33.00%	33.00%
PMA	33.33%	33.33%	33.33%

The Group is the single largest shareholder with 41.41% and 25.72% of the voting rights of associates, U-Ming and FENC, respectively. Considering the size of the Group’s holding of voting rights relative to the size and dispersion of holdings of the other shareholders and the voting patterns at previous shareholders’ meetings, which indicate that other shareholders are not passive, the Group is not able to appoint more than half of the members of those charged with governance of U-Ming and FENC. Consequently, the Group considered and classified U-Ming and FENC as associates of the Group as it is merely able to exercise significant influence over U-Ming and FENC.

20 -

In April 2021, the Corporation’s subsidiary DCI subscribed for 4,000 new shares in the amount of US$4,000 thousand of both Catalyst Tranche Two and Catalyst Tranche Three. After the subscription, DCI owned 25% of the shares of both associates.

As of September 30, 2021, December 31, 2020 and September 30, 2020, the information of associates was as follows:

1) Fair values (Level 1) of investments in associates with available published price quotation are summarized as follows:

Name of Associate September 30, 2021 FENC $ 41,086,601 CSCGL $ 5,526,640 U-Ming $ 24,004,155	December 31, 2020 September 30, 2020 $ 39,884,286 $ 34,855,697 $ 5,068,493 $ 5,945,626 $ 12,911,856 $ 10,479,948

2) The amounts of investments in associates pledged as collateral for bank borrowings are disclosed in Note 35.
b. Investments in joint ventures that are not individually material:

	September 30,	December 31,	September 30,
	2021	2020	2020
Unlisted companies
Alliance Concrete Singapore Pte. Ltd.
(Alliance)	$ 362,214	$ 281,236	$ 222,740
Wuhan Asia Marine Transport Co., Ltd.
(WAMTC)	214,779	210,239	199,891
Hubei Xinlongyuan Mining Co., Ltd.
(HXMC)	63,404	53,437	40,536
Jiangxi Ruiya New Materials Co., Ltd.
(JRNMC)	18,408	-	-
Profit Enterprises Int’l Ltd. (PEI)	4,980	4,440	4,412
	$ 663,785	$ 549,352	$ 467,579

At the end of the reporting period, the percentages of owners’ voting rights in joint ventures held by the Group were as follows:

	September 30,	December 31,	September 30,
Name of Joint Ventures	2021	2020	2020
Alliance	50.00%	50.00%	50.00%
WAMTC	50.00%	50.00%	50.00%
HXMC	40.00%	40.00%	40.00%
JRNMC	45.00%	-	-
PEI	50.00%	50.00%	50.00%

All the associates and joint ventures are accounted for using the equity method.

Due to the liquidation of ESC in the third quarter of 2020, the Corporation’s sub-subsidiary JFTL received cash refund of capital stock in the amount of HK$4,323 thousand for the year ended December 31, 2020.

21 -

In the first quarter of 2021, the Group incorporated JRNMC, which is engaged in the manufacturing and sale of gravel, under a joint venture agreement with the municipal government of Ruichang City. According to the agreement, operation policy decisions should be made by unanimous agreement of the shareholders of both entities. The Group has no right to obtain the variable rewards which is unavailable to the other shareholders and does not have direct ability to affect the rewards from investing in JRNMC. As a result, the Group has no control over JRNMC.

In the second quarter of 2021, the Corporation’s joint venture PEI carried out a capital reduction of HK$9,761 thousand to cover its accumulated deficit.

Refer to Table 7 “Information on Investees” and Table 8 “Information on Investments in Mainland China” for the nature of activities, principal place of business and country of incorporation of the associates and joint ventures.

Except for FENC and U-Ming, the investments accounted for using the equity method and the share of profit or loss and other comprehensive income of those investments were calculated based on the financial statements that have not been reviewed. The independent auditors of FENC and U-Ming expressed a qualified opinion on their reviews because some investees of these companies have not been reviewed.

15. PROPERTY, PLANT AND EQUIPMENT

Name of Joint Ventures September 30, 2021 Assets used by the Group Land $ 7,076,813 Buildings 13,234,824 Equipment 18,461,966 Other Equipment 1,883,416 Property Under Construction 921,095 $ 41,578,114	December 31, 2020 September 30, 2020 $ 7,081,571 $ 6,579,422 13,959,420 13,596,403 20,355,304 20,409,675 1,961,398 1,986,287 9,462,519 8,720,934 $ 52,820,212 $ 51,292,721

Except for the recognition of depreciation expenses and application finance lease of CHP phase Ⅱ, reclassification from property, plant and equipment to finance lease receivable, refer to Note 11, the Group’s property, plant and equipment did not have significant addition, disposal and impairment for the nine months ended September 30, 2021.

The above items of property, plant and equipment are depreciated on a fixed-percentage-on-decliningbalance basis or on a straight-line basis over the estimated useful life of the asset taken apart into major component elements:

Building Main buildings 15-60 years Other facilities 2-20 years Equipment 2-20 years Other equipment 2-15 years

As of September 30, 2021, the titles of land with carrying value of $89,019 thousand were temporarily registered in the name of trustees who had either signed an agreement or had pledged the land to the Corporation or to the subsidiaries.

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Refer to Note 35 for the carrying amount of property, plant and equipment pledged by the Group as collaterals for borrowings.

16. LEASE ARRANGEMENTS

a. Right-of-use assets

		September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
			2021		2020		2020
Carrying amounts
Land		$	3,550,938	$	3,522,407	$	3,460,273
Buildings			808,343		859,273		870,213
Equipment			565,165		557,283		548,825
		$	4,924,446	$	4,938,963	$	4,879,311
				For the Nine Months Ended
					September 30
					2021		2020
Additions to right-of-use assets				$	384,289	$	195,120
	For	the Three Months Ended			For the Nine Months Ended
		September 30			September 30
		2021	2020		2021		2020
Depreciation charge for
right-of-use assets
Land	$	38,445	$ 36,727		$ 113,689		$ 107,373
Buildings		21,581	21,293		65,137		62,727
Equipment		38,968	39,555		116,698		116,942
	$	98,994	$ 97,575		$ 295,524		$ 287,042
Lease liabilities
		September 30,		December 31,		September 30,
			2021		2020		2020
Carrying amounts
Current		$	195,895	$	222,101	$	215,751
Non-current		$	1,123,196	$	1,158,824	$	1,175,566
Range of discount rate for lease	liabilities was as follows:
		September 30,		December 31,		September 30,
			2021		2020		2020
Land		1.06%-4.75%		1.06%-3.50%		1.06%-3.50%
Buildings		1.30%-4.90%		1.30%-4.90%		1.30%-4.90%
Equipment		1.17%-3.00%		1.17%-3.00%		1.17%-3.00%

b. Lease liabilities
23 -

c. Material lease-in activities and terms

The Group leases harbors, land, buildings and equipment for the use in business operations and has obtained land use rights in mainland China, Hong Kong, Singapore and Vietnam. Certain lease contracts specify that lease payment will be adjusted on the basis of changes in market rental rates or announced land value prices. The Group does not have bargain purchase options to acquire the leasehold assets at the end of the lease terms.

d. Other lease information

Lease arrangements under operating leases for the leasing out of investment properties are set out in Note 17. Lease arrangements for the leasing out of assets under finance leases are set out in Note 11.

Expenses relating to short-term leases Expenses relating to low-value asset leases Expenses relating to variable lease payments not included in the measurement of lease liabilities Total cash outflow for leases	For the Three Months Ended September 30	For the Three Months Ended September 30	For the Three Months Ended September 30			For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 56,906 $ 182 $ 8,905	2020 $ 51,754 $ 202 $ 13,600			2021 2020 $ 187,080 $ 150,311 $ 530 $ 529 $ 38,135 $ 36,574 For the Nine Months Ended September 30
						2021 $ (461,498)	2020 $ (399,493)

The Group has elected to apply the recognition exemption and, thus, did not recognize right-of-use assets and lease liabilities for leases that qualify as short-term leases or low-value asset leases.

17. INVESTMENT PROPERTIES

September 30, 2021 Measurements at fair value Leased investment properties $ 30,395,241 Undeveloped investment properties 6,276,597 $ 36,671,838	December 31, 2020 September 30, 2020 $ 30,332,308 $ 30,185,484 6,256,940 6,386,136 $ 36,589,248 $ 36,571,620

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Balance at January 1, 2020 Changes in fair value of investment properties Effect of foreign currency exchange differences Additions Accounts receivable write-offs Balance at September 30, 2020 Balance at January 1, 2021 Changes in fair value of investment properties Effect of foreign currency exchange differences Additions Reclassification Balance at September 30, 2021	Leased Investment Properties $ 29,954,068 229,885 (812) 2,343 - $ 30,185,484 $ 30,332,308 86,800 (2,227) 3,035 (24,675) $ 30,395,241	Undeveloped Investment Properties $ 6,222,371 - (1,110) - 164,875 $ 6,386,136 $ 6,256,940 - (5,018) - 24,675 $ 6,276,597	Total $ 36,176,439 229,885 (1,922) 2,343 164,875 $ 36,571,620 $ 36,589,248 86,800 (7,245) 3,035 - $ 36,671,838

The investment properties for lease were as follows:

a. On January 1, 1998, the Corporation granted FEDSDL the right to construct a shopping center on a parcel of land it owned with an area of 6,976 square meters located in Lin-Ya, Kaohsiung. As consideration for the right to construct and the continued use of the land for fifty years, FEDSDL shall pay the following: (a) land use rights in the amount of $1,073,000 thousand and (b) annual rental at 5% of the reference price of such land announced by the local government. The proceeds of the land use rights were recorded as long-term deferred revenue and recognized as rental revenue on a periodic basis.
b. The Corporation and Far Eastern Resources Development Co. (FERD) equally owned a parcel of land located at Tun Hwa South Road, Taipei City. Under an agreement entered into with YDC, the Corporation and FERD had agreed on the following: (a) construction of a twin tower building (Taipei Metro) by YDC on the said land, (b) continued use of the land without additional compensation for 30 years starting from the date of the completion of the building. In view of the foregoing agreement, the Corporation recorded the 12% of the building construction cost or $1,402,753 thousand as building acquired and as long-term deferred revenue, and recognized as revenue on a periodic basis.
c. Others mainly included the following:
1) Asia-Cement Building held by the Corporation - leased to Far Eastern Department Stores Ltd.;
2) Pao-Ching Building held by the Corporation - leased to Sofiva Genomics;
3) Land and building in Chiayi City held by the Corporation;
4) Buildings in Sichuan held by SIYDCCL

The lease terms of the abovementioned land and buildings are 1-10 years, and the rents are paid monthly.

The Group’s undeveloped investment properties included a parcel of land located in Lin-Ya, Kaohsiung, as well as stores, apartments, and office buildings acquired by SIYDCCL, HYDCCL and SHYLCP as collaterals for overdue balances from customers.

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The fair values of investment properties were valued by independent qualified professional appraisers. According to local requirements, entities are required to have independent appraisal for the investment properties with individual carrying amount of $300 million or higher. The fair values of investment properties as of December 31, 2020 and 2019 were determined by qualified professional appraisers, Mr. Chang from Savills (Taiwan) Limited and Mr. Tsai and Ms. Hu from DTZ real estate appraisers firm on March 2, 2021 and March 4, 2020, respectively.

The fair value of Taipei Metro Tower as of September 30, 2021 was reappraised on October 6, 2021 by Mr. Tsai, and the value of other investment properties as of September 30, 2021 was based on the appraisal by professional qualified appraisers for annual reporting period ended December 31, 2020.

The fair value of investment properties was estimated using unobservable inputs (Level 3). The movements in the fair value were as follows:

Balance at January 1, 2020 Recognized in profit or loss (gain or loss from changes in fair value of investment properties) Recognized in other comprehensive income Exchange differences on translating the financial statements of foreign operations Purchases Transfer into Level 3 Balance at September 30, 2020 Balance at January 1, 2021 Recognized in profit or loss (gain or loss from changes in fair value of investment properties) Recognized in other comprehensive income Exchange differences on translating the financial statements of foreign operations Purchases Reclassification Balance at September 30, 2021	Completed Investment Properties $ 29,954,068 229,885 (812) 2,343 - $ 30,185,484 $ 30,332,308 86,800 (2,227) 3,035 (24,675) $ 30,395,241	Investment Properties under Construction $ 6,222,371 - (1,110) - 164,875 $ 6,386,136 $ 6,256,940 - (5,018) - 24,675 $ 6,276,597	Total $ 36,176,439 229,885 (1,922) 2,343 164,875 $ 36,571,620 $ 36,589,248 86,800 (7,245) 3,035 - $ 36,671,838

The fair value measurement of undeveloped land located in Lin-Ya, Kaohsiung, was measured by land development analysis. The increase in estimated total selling price, the increase in rate of return, or the decrease in overall capital interest rate would result in an increase in the fair value. The significant assumptions used were as follows:

September 30, 2021 Estimated total selling price $ 19,492,803 Rate of return 22% Overall capital interest rate 5.29%	December 31, 2020 September 30, 2020 $ 19,492,803 $ 19,379,643 22% 22% 5.29% 5.99%

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The total selling price is estimated on the basis of the most effective use of the land or property available for sale after development is completed, taking into account the related regulations, domestic macroeconomic prospects, local land use, and market rates.

The fair value of investment properties, except for undeveloped land, was measured using the income approach. The significant assumptions used were stated below. The increase in estimated future net cash inflows or the decrease in discount rates would result in increase in the fair value.

September 30, 2021 Expected future cash inflows $ 36,290,014 Expected future cash outflows 1,630,390 Expected future cash inflows, net $ 34,659,624 Discount rate 1.97%-6.00%	December 31, 2020 September 30, 2020 $ 36,137,274 $ 36,517,680 1,561,604 1,523,118 $ 34,575,670 $ 34,994,562 1.98%-6.00% 2.07%-6.25%

The above fair value measurement has taken into consideration the uncertainty on the volatility in the markets due to the evolution of the COVID-19 pandemic.

The market rentals in the area where the investment properties are located were between $1 thousand and $5 thousand per ping (i.e., per 3.3 square meters).

The rental income generated for the three months and nine months ended September 30, 2021 and 2020 were $78,993 thousand, $90,928 thousand, $263,028 thousand and $272,839 thousand, respectively.

The expected future cash inflows to be generated by investment properties include rental income, interest income on rental deposits and disposal value. The rental income was extrapolated using the Group’s current rental contract, regional and market quotation, taking into account the annual rental growth rate; the income analysis covers a 10-year period, the interest income on rental deposits was extrapolated using the interest rate for one-year central bank-announced demand deposit interest rate; the disposal value was determined using the direct capitalization method under the income approach. The expected future cash outflows to be incurred by investment properties include expenditure such as land value taxes, house taxes, insurance premium, management costs, maintenance costs and others. These expenditures were extrapolated on the basis of the current level of expenditure, taking into account the future adjustment to the government-announced land value, and the tax rate promulgated under the House Tax Act.

The discount rate was determined by reference to the interest rate for two-year time deposits as posted by Chunghwa Post Co., Ltd., plus 0.75%, or estimated income capitalization rate, whichever is higher, as well as any asset-specific risk premiums. For the nine months ended September 30, 2021 and 2020, the risk premiums were 0.375%-4.405% and 0.475%-4.500%, respectively.

Refer to Note 35 for the carrying amount of investment properties pledged by the Group as collaterals for borrowings.

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18. INTANGIBLE ASSETS - GOODWILL

Cost Balance at January 1 Effect of foreign currency exchange differences Balance at September 30		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 2,435,685 (39,123) $ 2,396,562	2020 $ 2,398,644 (13,626) $ 2,385,018

The goodwill comprised of the following:

a. In April 2014, SYDCCL acquired 100% ownership of SLCL. The investment cost in excess of the fair value of net identifiable assets of the investee was the amount of goodwill, which was RMB554,241 thousand.
b. On December 31, 2014, the Corporation acquired control power over YLT. The investment cost in excess of the fair value of net identifiable assets of the investee was the amount of goodwill, which was $20,780 thousand.

As of September 30, 2021, the Group assessed that there was no indication of impairment on the cash-generating units including the goodwill listed above.

19. INTANGIBLE ASSETS - OTHERS

	September 30,	December 31,	September 30,
	2021	2020	2020
Quarry Right	$ 4,252,455	$ 4,461,289	$ 4,462,356
Computer software	30,813	30,987	35,071
Other	326,301	326,301	326,301
	$ 4,609,569	$ 4,818,577	$ 4,823,728

The above items of other intangible assets with finite useful lives are amortized on a straight-line basis. Quarry rights are amortized over 5 to 47 years and the computer software and others are amortized over 3 to 6 years. The other items with indefinite useful lives will not be amortized until their useful lives are determined to be finite. Instead, they will be tested for impairment annually and whenever there is an indication that they may be impaired.

According to the Plan for the Reform of the Mineral Resource Royalty System issued by the State Council of the People’s Republic of China, proceeds from prospecting and mining rights shall be changed into proceeds from assignment of mining rights and shall be determined according to valuation and benchmark market prices under similar conditions, whichever is higher. The proceeds from the transfer of mining rights shall be determined at one time and paid in the form of monetary funds. The specific measures for payment shall be developed separately by the Ministry of Finance in conjunction with the Ministry of Land and Resources.

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The Group finalized the independent valuation report in accordance with the aforementioned reform plans related to the mine reserves and the estimated amount of the provision of mine reserve fund, which was capitalized into the cost of quarry. In addition, the Group was required to accrue cost of production of mine, which represented the quantity of mine excavated times the agreed amount of unit cost for the current and past years, and such amount was charged on the cost of sales of the Group. As of the September 30, 2021, the fund payables of mine reserve of RMB299,724 thousand was accounted for as accounts payable and accrued expenses - third parties.

20. OTHER NON-CURRENT ASSETS

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2021		2020		2020
Prepaid investments	$	1,587,257	$	1,505,147	$	4,188,135
Net defined benefit assets		2,550,904		2,518,491		2,569,758
Refundable deposits		216,350		264,380		293,762
Prepayment for land purchases		-		-		82,680
Others		36,211		35,278		28,878
	$	4,390,722	$	4,323,296	$	7,163,213
Refundable deposits
Current (accounted for as other current assets)$		127,286	$	65,523	$	67,680
Non-current	$	216,350	$	264,380	$	293,762

The prepaid investments comprised of the following:

a. On March 23, 2017, the Corporation acquired 155 thousand issued shares of China Shanshui Investment Company Limited (CSI) in the amount of HK$577,662 thousand from six shareholders of CSI under a share purchase agreement. The Corporation already obtained the physical share certificates of the acquired shares of CSI. Pursuant to the Articles of Association of CSI, the share ownership can only be recorded on the register of shareholders if the board of directors of CSI approves the share transfer. The Corporation has submitted all necessary documents to CSI for registration of the share transfer, among which the registration of shares of CSI acquired from two of the six shareholders were completed and the related prepaid investments in the balance sheets were therefore reclassified to financial assets at FVTOCI - non-current.

In addition, Chan Hongqing, a PRC individual, claimed that the shares of CSI which the Corporation acquired from the other four shareholders were pledged as collaterals under a loan contract signed with him on August 17, 2015 and thus applied for arbitration with China International Economic and Trade Arbitration Commission in Beijing. Later, according to an order of the High Court of Hong Kong announced on June 27, 2017, it requested the appointment of interim receivers in respect of the shares of CSI held by the four shareholders until the end of the arbitral proceedings. On May 17, 2018, the High Court of Hong Kong set aside the order before the final award of the arbitration. The arbitral proceeding was therefore withdrawn on June 12, 2018.

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On October 2, 2018, Chan Hongqing applied to the High Court of Hong Kong for interlocutory relief in another proceedings against the Corporation to prohibit the Corporation and the four CSI shareholders from transferring and registering their CSI shares. The application for interlocutory relief was heard in the High Court of Hong Kong on April 3, 2019 and was dismissed by the High Court of Hong Kong on March 16, 2021. In view of this order, the registration of share transfer by CSI’s board of directors will no longer be restricted to the above-mentioned application for interlocutory relief. On March 30, 2021, Chan Hongqing filed an appeal against the order made by the High Court of Hong Kong. However, the appeal had been rejected by the High Court of Hong Kong on September 23, 2020. Later, Chan Hongqing filed another appeal to Court of Appeal of Hong Kong on October 7, 2020. Both parties have submitted outlines of their arguments to the court. As of the date of the issue of consolidated financial statements, the Court of Appeal of Hong Kong has not yet made a judgment on the appeal.

b. Chu Feng Power Corporation, Preparatory Office (Chu Feng) was founded in October 2016 by DCI, the Corporation’s subsidiary, for the development of offshore wind power in Taiwan. As of September 30, 2021, December 31, 2020 and September 30, 2020, the accumulated prepaid investments were $292,351 thousand, $210,241 thousand and $208,730 thousand, respectively. In March 2018, Chu Feng submitted an application to the Bureau of Energy, Ministry of Economic Affairs, ROC, for the offshore wind power project’s selection but finally failed to win the tender offer. Later, on March 25, 2020, DCI’s board of directors resolved to enter into a joint venture agreement with Innogy Renewables Beteiligungs GmbH Company (“Innogy”), which was under restructure and renamed as RWE Renewables Beteiligungs GmbH in August 2020, to further develop Chu Feng offshore wind project. As of September 30, 2021, DCI has received advance receipt for investment from Innogy in the amount of $150,000 thousand, which was accounted for as other non-current liabilities. In addition, the Group recognized the amounts paid within the preparatory period as other receivables or prepaid investments and also recognized full amounts of provisions based on the preparatory loss of Chu Feng; refer to Note 25.

21. SHORT-TERM BORROWINGS

September 30, 2021 Unsecured $ 16,929,292 Secured 1,230,000 $ 18,159,292 Interest rate 0.67%-3.41% Final repayment date: Unsecured 2022.9.30 Secured 2021.12.14	December 31, 2020 September 30, 2020 $ 18,464,889 $ 25,053,606 750,000 950,000 $ 19,214,889 $ 26,003,606 0.78%-3.10% 0.78%-3.45% 2021.10.25 2021.7.17 2021.3.31 2020.12.29

22. SHORT-TERM BILLS PAYABLE

September 30, 2021 Commercial paper $ 21,611,400 Less: Unamortized discounts on bills payable 7,626 $ 21,603,774 Interest rate (%) 0.23%-1.25%	December 31, 2020 September 30, 2020 $ 13,888,400 $ 20,288,300 6,452 6,408 $ 13,881,948 $ 20,281,892 0.25%-1.21% 0.28%-1.17%

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23. LONG-TERM LIABILITIES

September 30,
2021
Bank loans
$ 21,297,087

Bonds
Domestic bonds
1stunsecured bonds issued in 2016
-
1stunsecured bonds issued in 2019
6,500,000
2ndunsecured bonds issued in 2019
3,500,000
1stunsecured bonds issued in 2020
7,700,000
2ndunsecured bonds issued in 2020-A
2,800,000
2ndunsecured bonds issued in 2020-B
2,700,000
3rdunsecured bonds issued in 2020-A
4,000,000
3rdunsecured bonds issued in 2020-B
2,200,000
4thunsecured bonds issued in 2020-A
4,100,000
4thunsecured bonds issued in 2020-B
5,300,000
1thunsecured bonds issued in 2021

6,300,000

45,100,000

Overseas bonds
3rdEuro convertible bonds issued in 2018

78,844

66,475,931
Less: Current portion

3,900,759

$ 62,575,172

December 31,
2020
September 30,
2020
$ 17,715,404
$ 23,473,651

3,000,000
3,000,000

6,500,000
6,500,000

3,500,000
3,500,000

7,700,000
7,700,000

2,800,000
2,800,000

2,700,000
2,700,000

4,000,000
4,000,000

2,200,000
2,200,000

4,100,000
-

5,300,000
-

-

-

41,800,000

32,400,000

6,370,305

6,347,811

65,885,709
62,221,462

16,140,876

12,123,479
$ 49,744,833
$ 50,097,983

a. Bank loans are repayable in installments at varying amounts or in one lump-sum payment prior to April 3, 2039. The Group has signed long-term revolving credit facilities with banks. As of September 30, 2021, December 31, 2020 and September 30, 2020, interest rates were 0.65%-3.45%, 0.74%-3.30% and 0.75%-6.75%, respectively.
b. Domestic bonds are repayable in installments at varying amounts or in one lump-sum on maturity prior to December 23, 2027. As of September 30, 2021, December 31, 2020 and September 30, 2020, interest rates were 0.57%-0.88%, 0.57%-0.88% and 0.60%-0.88%, respectively.
c. In order to repay the debt, save interest expenses, and strengthen the Corporation’s financial structure, on September 21, 2018, the Corporation issued US$215,000 thousand (equivalent to NT$6,620,710 thousand), which is the third zero coupon Euro convertible bond due on 2023.

The terms of the zero coupon Euro convertible bonds included the following:

1) Final redemption

Unless previously redeemed, repurchased and canceled, or converted, the Bonds will be redeemed on the maturity date at the settlement equivalent of 100.6% of the unpaid principal amount thereof.

2) The bonds are convertible into the Corporation’s ordinary shares (“Shares”) at any time on or after December 21, 2018 and prior to the close of business on August 22, 2023. The initial conversion price was NT$42.24 per Share, determined on the basis of a fixed exchange rate of NT$30.794=US$1.00.
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3) Redemption at the option of the Corporation

At any time on or after September 21, 2021, the Corporation may redeem the bonds in whole, or from time to time in part, at the early redemption amount, if the closing price of the Shares, translated into U.S. dollars at the prevailing rate, during a period of 30 consecutive trading days, is at least 130% of the quotient of the early redemption amount divided by the number of Shares to be issued upon conversion of US$200,000 principal amount of the bonds on the applicable trading day based on the conversion price then in effect, translated into U.S. dollars at a fixed exchange rate of NT$30.794=US$1.00. Notwithstanding the foregoing, at any time, the Corporation may redeem the bonds in whole, but not in part, at the early redemption amount in U.S. dollars if at least 90% in principal amount of the bonds has already been redeemed, repurchased and cancelled, or converted.

4) Redemption at the option of the bondholders

Unless previously redeemed, repurchased and cancelled or converted, each holder will have the right to require the Corporation to redeem in whole or in part of the bonds held by such holder on September 21, 2021 at a redemption price equal to the settlement equivalent of 101.81% of the principal amount in U.S. dollars. Any U.S. dollar denominated amount payable in respect of the bonds will be converted into NT dollars using a fixed exchange rate and then converted back to a U.S. dollar amount using the applicable prevailing rate at the time of redemption.

5) The conversion price shall be subject to adjustment when there is occurrence of, including (but not limited to), the following:
- a) Declaration of dividend in Shares or free distribution or bonus issue of Shares.
- b) Subdivision, consolidation and reclassification of Shares.
- c) Rights issues to shareholders.
- d) Employee share bonus.
- e) Warrants issued to holders of Shares.
- f) Issues of rights or warrants for equity-related securities to holders of Shares.
- g) Capital distributions, other distributions to shareholders.
- h) Issue of convertible or exchangeable securities other than to holders of Shares or on exercise of warrants.
- i) Other issues of Shares.
- j) Issue of equity related securities.
- k) Capital reduction.
- l) Tender or exchange offer.
- m) Any other event or circumstance which would have an effect analogous to any of the events in a) to l) above. The conversion price was NT$34.65 as of September 30, 2021.
d. As of September 30, 2021, bondholders have converted the principal amount of US$212,367 thousand (equivalent to NT$6,539,629 thousand) of the 3[rd] Euro convertible bond into 182,727 thousand ordinary shares of the Corporation. After the conversion, the principal amount of the 3[rd] Euro convertible bond outstanding was US$2,633 thousand (equivalent to NT$81,081 thousand).
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e. On January 22, 2019, CHP signed the syndicated loan agreement with 10 banks, including Bank of Taiwan. CHP may borrow up to $10,500,000 thousand under this loan agreement.

As of September 30, 2021, CHP’s credit lines used were as follows:

		Amount	Amount
Loan Item	Category	(In Thousands)		Interest Rate	Contract Period
A	Loan	NT$	4,900,000	1.797%	20 years
C	Commercial paper	NT$	2,450,000	1.253%	139 days
D	Contract bonding	NT$	165,000	0.450%	365 days
D	Contract bonding	NT$	390,000	0.450%	245 days
D	Contract bonding	US$	2,202	0.450%	365 days
D	Contract bonding	NT$	84,000	0.450%	183 days
D	Contract bonding	NT$	290,000	0.450%	116 days

The financial commitment that should be maintained by CHP under the payment terms are as follows:

1) Debt ratio as of year-end (total debt divided by total equity);
a) Under 200% from 2019 to 2023. b) Under 150% from 2024 to 2039.
2) Interest coverage ratio should be at least 150% from 2019 to 2039.

The above financial ratios are based on audited financial statements. Debt ratio and interest coverage ratio should be reviewed at least on annual basis.

24. DEFERRED REVENUE

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2021		2020		2020
Land use right	$	671,604	$	722,667	$	739,689
Others		119,356		125,226		127,183
	$	790,960	$	847,893	$	866,872
Current	$	75,912	$	75,912	$	75,912
Non-current		715,048		771,981		790,960
	$	790,960	$	847,893	$	866,872

a. The deferred revenue on land use rights in Lin-Ya, Kaohsiung granted to FEDSDL (Note 17) is amortized to income over 50 years on a straight-line basis.
b. The deferred revenue on land use rights of Taipei Metro granted to YDC (Note 17) is amortized to income over 30 years on a straight-line basis.
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25. PROVISIONS

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2021		2020		2020
Preparatory costs provisions (Note 20)	$	302,736	$	260,080	$	254,388
Decommissioning provisions		217,942		217,942		217,942
Accrued reward provisions		82,511		132,511		131,926
Compensation of traffic accident provisions		152,377		143,707		142,413
Other provisions (Note 36)		47,240		47,240		24,640
	$	802,806	$	801,480	$	771,309
Current	$	15,000	$	52,000	$	51,415
Non-current		787,806		749,480		719,894
	$	802,806	$	801,480	$	771,309

26. RETIREMENT BENEFIT PLANS

a. Defined contribution plans

The Corporation and the subsidiaries adopted a pension plan under the Labor Pension Act (LPA), which is a state-managed defined contribution plan. Under the LPA, an entity makes monthly contributions to employees’ individual pension accounts at specific rate of monthly salaries and wages.

For the three months and nine months ended September 30, 2021 and 2020, the pension expenses of defined contribution plans were $57,640 thousand, $15,924 thousand, $160,557 thousand and $58,731 thousand, respectively, which are included in consolidated statements of comprehensive income.

b. Defined benefit plans

Employee benefits expense in respect of the defined benefit plans applied the respective actuarially determined annual pension cost discount rate as of December 31, 2020 and 2019 and was recognized in the following line items in its respective periods.

Operating costs Operating expenses	For the Three Months Ended September 30 2021 2020 $ (210) $ (423) (835) (1,300) $ (1,045) $ (1,723)	For the Three Months Ended September 30 2021 2020 $ (210) $ (423) (835) (1,300) $ (1,045) $ (1,723)	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ (210) (835) $ (1,045)		2021 $ (698) (2,203) $ (2,901)	2020 $ (2,608) (481) $ (3,089)

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27. EQUITY

a. Share capital

1) Ordinary shares

September 30, 2021 Number of shares authorized (in thousands) 4,000,000 Shares authorized $ 40,000,000 Number of shares issued and fully paid (in thousands) 3,446,057 Shares issued $ 34,460,572	December 31, 2020 September 30, 2020 4,000,000 4,000,000 $ 40,000,000 $ 40,000,000 3,361,447 3,361,447 $ 33,614,472 $ 33,614,472

Fully paid ordinary shares, which have a par value of $10, carry one vote per share and carry a right to dividends.

The total of 350,000 thousand and 10,000 thousand shares of the Corporation’s authorized shares are reserved for the issuance of convertible bonds and employee share option, respectively.

The changes in the number of issued shares of the Corporation was due to the conversion of the convertible bond.

2) Capital collected in advance

	September 30,	December	December	31,	September	September	30,
	2021		2020			2020
Number of shares requested for
conversion but change in registration
has not yet been completed (in
thousands)	98,117			-			-
Shares requested for conversion but
change in registration has not yet been
completed (in thousands)	$ 981,169	$		-	$		-

The Corporation would complete the related corporate registrations after the issuance of new shares on the base date of capital increase in accordance with the regulations.

b. Capital surplus

	September 30,	September 30,	December	December	31,	September	September	30,
		2021		2020			2020
May be used to offset a deficit,
distributed as cash dividends, or
transferred to share capital (1)
Donation	$	41,790	$	41,790		$	41,790
Conversion of bonds		4,647,651			-			-
							(Continued)

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	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2021		2020		2020
The difference between consideration
received or paid and the carrying amount of
the subsidiaries’ net assets during actual
disposal or acquisition	$	56,202	$	55,325	$	56,579
Change of capital surplus of associates and
joint ventures accounted for using the
equity method (2)		984,048		992,530		992,530
		5,729,691		1,089,645		1,090,899
May be used to offset a deficit only
Change of capital surplus of associates and
joint ventures accounted for using the
equity method (3)		152,910		128,456		128,420
May not be used for any purpose
Share warrants		2,271		185,411		185,411
Change of capital surplus of associates and
joint ventures accounted for using the
equity method		87,635		89,072		54,949
		89,906		274,483		240,360
	$	5,972,507	$	1,492,584	$	1,459,679
						(Concluded)

1) Such capital surplus may be used to offset a deficit; in addition, when the Corporation has no deficit, such capital surplus may be distributed as cash dividends or transferred to share capital (limited to a certain percentage of the Corporation’s capital surplus and to once a year).
2) Such capital surplus from the effect of changes in associate’s ownership interest in its subsidiary that resulted from actual acquisition and disposal of equity may be used to offset a deficit or distributed as cash dividends or share dividends under Article 241-1 of Company Act.
3) Such capital surplus from the effect of changes in associate’s ownership interest in its subsidiary that resulted from equity transactions other than actual acquisition and disposal may be used to offset a deficit under Article 239-1 of Company Act.
c. Retained earnings and dividends policy

Under the dividends policy as set forth in the Corporation’s Articles of Incorporation (the “Articles”), apart from paying all its income taxes in the case where there are net incomes at the end of the year, the Corporation shall make up for accumulated losses in past years. Where there is still balance, the Corporation shall set aside 10% of the sum of said profit in balance and the amount of profit (or loss) items adjusted to the current year’s undistributed earnings other than the said profit as legal reserve and a special reserve as required by law. Subject to certain business conditions under which the Corporation may retain a portion of the remaining balance, the Corporation may distribute to the shareholders the remainder together with undistributed profits from previous years in proportion to the number of the shares held by each shareholder as shareholders’ dividend. However in the case of increase in the Corporation’s share capital, the shareholders’ dividend to be distributed to the shareholders of increased shares for the year shall be decided by the shareholders’ meeting. For the policies on distribution of employees’ compensation and remuneration of directors, refer to employees’ compensation and remuneration of directors in Note 29(f).

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The distribution of shareholders’ dividend shall take into consideration the changes in the outlook of the Corporation’s businesses, the lifespan of the various products or services that have an impact on future capital needs and taxation. Shareholders’ dividend shall be distributed with the aim of maintaining stable shareholders’ dividend distributions. Save for the purposes of improving the financial structure, reinvestments, production expansion or other capital expenditures in which capital is required, when distributing shareholders’ dividend, the dividend payout ratio each fiscal year shall be no less than 50% of the final surplus which is the sum of after-tax profit of the fiscal year to withhold previous loss, if any, legal reserve and special reserve as required by law; the cash dividend shall not be less than 10% of the total shareholders’ dividend distributed in the same year.

These appropriations shall be resolved by the shareholders in the following year and given effect to in the financial statements of that year.

The legal reserve may be used to offset deficits. If the Corporation has no deficit and the legal reserve has exceeded 25% of the Corporation’s paid-in capital, the excess may be transferred to capital or distributed in cash.

Pursuant to existing regulations, the Corporation is required to set aside additional special reserve equivalent to the net debit balance of the other equity interests and the net increase arising from the fair value measurement of investment properties. Any special reserve appropriated may be reversed to the extent that the net debit balance reverses, the cumulative net increases in fair value decrease or on disposal of investment properties and is thereafter distributed.

The appropriation of earnings and dividends per share for 2020 and 2019 were approved in the shareholders’ meetings on July 23, 2021 and June 23, 2020, respectively, were as follows:

Legal reserve Special reserve Cash dividends Cash dividends per share (NT$)	Appropriation of Earnings	Appropriation of Earnings	Appropriation of Earnings
	For the Year Ended December 31
		2020 $ 1,310,348 $ 1,209,096 $ 11,933,138 $3.55 (Note)	2019 $ 1,745,968 $ 804,347 $ 10,084,341 $3.00

Note: Due to the conversion of the Corporation’s 3[rd] Euro convertible bond into ordinary shares, the number of outstanding ordinary shares increased accordingly. Therefore, the cash dividend was adjusted to NT$3.46283787 per ordinary share.

d. Special reserve recognized at the date of transition

In the first-time adoption of IFRSs, the amounts of adjusted unrealized revaluation increments, cumulative translation adjustments and unappropriated earnings recognized from the investment properties of associates which used fair value as deemed cost were $10,715,430 thousand, $3,163,258 thousand and $52,494 thousand, respectively; the Corporation appropriated the amounts to special reserve.

In addition, on the initial application of the fair value model to investment properties, the Corporation appropriated to special reserve the amount of the net increase in fair value of investment properties and transferred it to retained earnings. Additional special reserve should be appropriated for subsequent net increases in fair value. The amount appropriated may be reversed to the extent that the cumulative net increases in fair value decrease or on the disposal of investment properties.

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The Group and its associates used and disposed of some of the related assets; accordingly, special reserve reversed to unappropriated earnings amounted to $548,152 thousand as of September 30, 2021.

e. Other equity items
1) Exchange differences on translating the financial statements of foreign operations

Balance at January 1 Exchange differences on translating the financial statements of foreign operations Share from associates and joint ventures accounted for using the equity method Balance at September 30 Unrealized gain (loss) on financial assets at FVTOCI Balance at January 1 Unrealized gain (loss) - equity instruments Share from associates and joint ventures accounted for using the equity method Equity instruments Debt instruments Cumulative unrealized gain (loss) of equity instruments transferred to retained earnings due to disposal Balance at September 30		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 2020 $ (6,108,955) $ (5,913,201) (952,848) (430,174) (912,194) (743,310) $ (7,973,997) $ (7,086,685) For the Nine Months Ended September 30
		2021 $ 6,414,159 58,947 250,298 (16,451) (25,062) $ 6,681,891	2020 $ 7,908,323 (1,688,368) (1,024,312) 22,025 1,746 $ 5,219,414

2) Unrealized gain (loss) on financial assets at FVTOCI
3) Cash flow hedges

Balance at January 1 Share from associates and joint ventures accounted for using the equity method Balance at September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 55,833 778 $ 56,611	2020 $ 52,141 1,501 $ 53,642

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4) Gains on property revaluation

Balance at January 1 Share from associates and joint ventures accounted for using the equity method Balance at September 30		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 716,970 61,159 $ 778,129	2020 $ 385,214 12,828 $ 398,042

f. Non-controlling interests

Balance at January 1 Attributable to non-controlling interests: Share in profit for the period Other comprehensive income (loss) during the period Exchange difference on translating the financial statements of foreign operations Unrealized gain (loss) on financial assets at FVTOCI Share of other comprehensive income (loss) of associates and joint ventures accounted for using the equity method Acquisition of non-controlling interests in subsidiaries (Note 32) Share of other changes in equity of associates and joint ventures accounted for using the equity method Changes in percentage of ownership interests in subsidiaries Cash dividends from subsidiaries Balance at September 30		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 22,118,393 1,927,467 (365,911) (289) (5) (2,471) 1 - (1,140,953) $ 22,536,232	2020 $ 23,381,680 2,646,841 (148,577) (2,739) (20) (19,418) (279) 20,704 (1,639,073) $ 24,239,119

28. OPERATING REVENUE

a. Revenue from contracts with customers

Operating revenue Sales of goods Electric power revenue Transportation revenue Rental revenue Engineering revenue	For the Three Months Ended September 30	For the Nine Months Ended September 30 2021 2020 $ 54,052,927 $ 47,514,480 4,302,746 4,120,131 1,508,507 1,268,208 794,693 800,307 292,506 191,740 (Continued)
	2021 2020 $ 18,414,434 $ 18,064,691 2,491,959 1,574,687 493,511 432,994 282,611 266,509 95,284 66,377

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Income from investments Sale of investments Cost of investments sold Gain on sale of investments, net Dividends Total income from investments Less: Sales returns and discounts Total operating revenue, net b. Contract balances Contract assets Contract liabilities		For the Three Months Ended September 30 For the Nine Months Ended September 30 2021 2020 2021 2020 $ 1,201,551 $ 1,057,398 $ 4,240,333 $ 1,533,772 (1,204,239) (867,207) (3,701,584) (1,241,022) (2,688) 190,191 538,749 292,750 78,986 177,954 343,907 429,048 76,298 368,145 882,656 721,798 (5,042) (37,323) (23,306) (52,491) $ 21,849,055 $ 20,736,080 $ 61,810,729 $ 54,564,173 (Concluded) September 30, 2021 December 31, 2020 September 30, 2020 $ 143,727 $ 98,607 $ 64,401 $ 1,484,328 $ 1,117,842 $ 1,583,128		For the Nine Months Ended September 30

The changes in the balance of contract assets and contract liabilities primarily result from the timing difference between the Group’s performance and the respective customer’s payment.

29. NET PROFIT

Net profit was as follows:

a. Other income

Dividends Government grants Others	For the Three Months Ended September 30 2021 2020 $ 614 $ 31,712 12,482 193,876 46,964 75,437 $ 60,060 $ 301,025	For the Three Months Ended September 30 2021 2020 $ 614 $ 31,712 12,482 193,876 46,964 75,437 $ 60,060 $ 301,025	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 614 12,482 46,964 $ 60,060		2021 $ 335,540 95,451 190,439 $ 621,430	2020 $ 332,253 295,552 162,843 $ 790,648

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b. Other gains and losses

For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
2021 2020 $ (185,706) $ (114,333) (576,979) (251,631) 86,800 229,885 (105,648) (100,039) (42,656) (18,207) (421,950) (267,561) $ (1,246,139) $ (521,886) For the Nine Months Ended September 30
2021 2020 $ 665,198 $ 914,905 53,876 67,004 27,183 38,762 - 2,447 (73,710) (77,740) $ 672,547 $ 945,378 For the Nine Months Ended September 30
	2021 $ 73,710 0.685%- 1.189%	2020 $ 77,740 0.684%- 1.797%

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d. Depreciation and amortization

An analysis of depreciation by function Operating costs Operating expenses Non-operating expenses An analysis of amortization by function Operating costs Operating expenses		For the Three Months Ended September 30 2021 2020 $ 1,090,471 $ 1,105,817 61,311 55,007 1,396 1,783 $ 1,153,178 $ 1,162,607 $ 66,560 $ 91,212 1,889 2,520 $ 68,449 $ 93,732		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 1,090,471 61,311 1,396 $ 1,153,178 $ 66,560 1,889 $ 68,449		2021 $ 3,280,926 176,731 3,860 $ 3,461,517 $ 197,761 6,218 $ 203,979	2020 $ 3,058,085 401,462 4,739 $ 3,464,286 $ 183,596 36,684 $ 220,280

e. Employee benefits expense

Post-employment benefits (Note 26) Defined contribution plans Defined benefit plans Short-term benefits Salary Remuneration of directors Labor and health insurance Other employees - related expenses Termination benefits Total employee benefits expense		For the Three Months Ended September 30, 2021	For the Three Months Ended September 30, 2021	For the Three Months Ended September 30, 2021
		Operating Costs $ 45,808 (210) 801,873 - 48,903 39,758 - $ 936,132	Operating Expenses Non-operating Expenses $ 11,735 $ 97 (835) - 215,542 3,517 41,654 - 11,885 113 27,230 - - 60 $ 307,211 $ 3,787	Total $ 57,640 (1,045) 1,020,932 41,654 60,901 66,988 60 $ 1,247,130

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For the Three Months Ended September 30, 2020	For the Three Months Ended September 30, 2020	For the Three Months Ended September 30, 2020
Operating Costs Operating Expenses Non-operating Expenses $ 12,269 $ 3,655 $ - (423) (1,300) - 820,694 215,960 2,745 - 68,342 - 44,942 12,196 - 37,712 24,374 - $ 915,194 $ 323,227 $ 2,745 For the Nine Months Ended September 30,		Total $ 15,924 (1,723) 1,039,399 68,342 57,138 62,086 $ 1,241,166 2021
Operating Costs Operating Expenses Non-operating Expenses $ 129,920 $ 30,343 $ 294 (698) (2,203) - 2,479,652 620,341 7,099 - 138,010 - 140,383 35,942 335 113,683 79,018 - - - 528 $ 2,862,940 $ 901,451 $ 8,256 For the Nine Months Ended September 30,		Total $ 160,557 (2,901) 3,107,092 138,010 176,660 192,701 528 $ 3,772,647 2020
Operating Costs $ 42,479 (2,608) 2,215,370 - 116,418 98,365 $ 2,470,024	Operating Expenses Non-operating Expenses $ 16,252 $ - (481) - 675,470 6,451 118,239 - 35,234 - 76,558 - $ 921,272 $ 6,451	Total $ 58,731 (3,089) 2,897,291 118,239 151,652 174,923 $ 3,397,747

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f. Employees’ compensation and remuneration of directors

According to the Corporation’s Articles, the Corporation accrued employees’ compensation and remuneration of directors at the rates between 0.1% and 4% and no higher than 2.5%, respectively, of net profit before income tax, employees’ compensation, and remuneration of directors. The employees’ compensation and remuneration of directors for the three months and nine months ended September 30, 2021 and 2020, respectively, were as follows:

Employees’ compensation Remuneration of directors	For the Three Months Ended September 30 2021 2020 $ 42,611 $ 73,355 $ 37,284 $ 63,396	For the Three Months Ended September 30 2021 2020 $ 42,611 $ 73,355 $ 37,284 $ 63,396		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 42,611 $ 37,284		2021 $ 143,053 $ 125,171	2020 $ 131,347 $ 106,890

If there is a change in the amounts after the annual consolidated financial statements are authorized for issue, the differences are recorded as a change in the accounting estimate.

The appropriations of employees’ compensation and remuneration of directors for 2020 and 2019 that were resolved by the board of directors on March 25, 2021 and March 25, 2020, respectively, were stated below:

Employees’ compensation Remuneration of directors	For the Year Ended December 31	For the Year Ended December 31
	2020 Cash Shares $ 189,834 $ - 166,104 -	2019
		Cash Shares $ 261,064 $ - 230,296 -

There is no difference between the actual amounts of employees’ compensation and remuneration of directors paid and the amounts recognized in the consolidated financial statements for the years ended December 31, 2020 and 2019.

The information about the employees’ compensation and remuneration of directors resolved by the Corporation’s board of directors in 2021 and 2020 is available at the Market Observation Post System website of the Taiwan Stock Exchange.

30. INCOME TAXES RELATING TO CONTINUING OPERATIONS

a. Income tax recognized in profit or loss

Major components of tax expense were as follows:

Current tax In respect of the current year Income tax on unappropriated earnings Adjustments for prior years		For the Three Months Ended September 30 2021 2020 $ 799,771 $ 1,246,063 - - - 52 799,771 1,246,115		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 799,771 - - 799,771		2021 $ 3,241,460 10,408 (48,349) 3,203,519	2020 $ 3,685,153 259,921 38,474 3,983,548 (Continued)

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Deferred tax In respect of the current year Adjustment for prior years Income tax expense recognized in profit or loss		For the Three Months Ended September 30 2021 2020 $ 242,937 $ 177,852 8,000 - 250,937 177,852 $ 1,050,708 $ 1,423,967		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 242,937 8,000 250,937 $ 1,050,708		2021 $ 172,373 8,000 180,373 $ 3,383,892	2020 $ (108,811) - (108,811) $ 3,874,737 (Concluded)

b. The latest years of income tax returns which had been examined and cleared by the tax authorities were as follows:

Company The Corporation DCI YTRMC YSRMC FMT AEE AIC FDT YLPPC FSMS NHC CHP YLSS YLT	Year
	2018 2019 2019 2019 2019 2019 2018 2019 2019 2019 2018 2019 2019 2018

31. EARNINGS PER SHARE

Unit: NT$ Per Share

Basic earnings per share Diluted earnings per share	For the Three Months Ended September 30 2021 2020 $ 1.04 $ 1.57 $ 1.02 $ 1.46	For the Three Months Ended September 30 2021 2020 $ 1.04 $ 1.57 $ 1.02 $ 1.46	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 1.04 $ 1.02		2021 $ 3.50 $ 3.37	2020 $ 3.30 $ 3.09

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The earnings and weighted average number of ordinary shares outstanding used for the earnings per share computation were as follows:

Net Profit for the Period

Profit for the period attributable to owners of the Corporation Effect of potentially dilutive ordinary shares: Convertible bonds Earnings used in the computation of diluted earnings per share		For the Three Months Ended September 30 2021 2020 $ 3,354,943 $ 4,929,580 15,889 (88,041) $ 3,370,832 $ 4,841,539		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 3,354,943 15,889 $ 3,370,832		2021 $ 11,070,037 93,847 $ 11,163,884	2020 $ 10,340,758 (87,297) $ 10,253,461

Weighted average number of ordinary shares outstanding (in thousand shares):

Weighted average number of ordinary shares in computation of basic earnings per share Effect of potentially dilutive ordinary shares: Convertible bonds Employees’ compensation Weighted average number of ordinary shares used in the computation of diluted earnings per share	For the Three Months Ended September 30 2021 2020 3,237,584 3,131,720 73,090 178,408 3,137 3,165 3,313,811 3,313,293	For the Three Months Ended September 30 2021 2020 3,237,584 3,131,720 73,090 178,408 3,137 3,165 3,313,811 3,313,293	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 3,237,584 73,090 3,137 3,313,811		2021 3,167,236 141,395 4,395 3,313,026	2020 3,129,531 178,408 5,217 3,313,156

The weighted average number of ordinary shares used in the computation of basic earnings per share is the weighted average outstanding shares after subtracting the shares of the Corporation held by the associates treated as treasury shares.

When an entity pays employee compensation that may be settled in shares or cash at the entity’s option, the entity shall presume that the employee compensation will be settled in shares, and the resulting potential shares shall be included in diluted earnings per share if the effect is dilutive. The number of shares is estimated by dividing the entire amount of the compensation by the closing price of the shares at the balance sheet date. Such dilutive effect of the potential shares is included in the computation of diluted earnings per share until the number of shares to be distributed to employees is resolved in the following year.

32. EQUITY TRANSACTIONS WITH NON-CONTROLLING INTERESTS

From March to April 2021 and from April to September 2020, the Group acquired additional non-controlling interests in subsidiaries, and increased its continuing interest in these subsidiaries; refer to Note 13.

46 -

The above transactions were accounted for as equity transactions, since it did not have effect on the Group’s control over these subsidiaries.

Consideration paid The proportionate share of the carrying amount of the net assets of the subsidiary transferred from non-controlling interests Differences recognized from equity transactions Line items adjusted for equity transactions Capital surplus - difference between consideration paid and the carrying amount of the subsidiaries’ net assets during actual acquisition Retained earnings CHP YLT Consideration paid $ (13,054 ) $ (2,258 ) The proportionate share of the carrying amount of the net assets of the subsidiary transferred from non-controlling interests 14,207 2,268 Differences recognized from equity transactions $ 1,153 $ 10 Line items adjusted for equity transactions Capital surplus - difference between consideration paid and the carrying amount of the subsidiaries’ net assets during actual acquisition $ 1,153 $ 10 Retained earnings - - $ 1,153 $ 10	Consideration paid The proportionate share of the carrying amount of the net assets of the subsidiary transferred from non-controlling interests Differences recognized from equity transactions Line items adjusted for equity transactions Capital surplus - difference between consideration paid and the carrying amount of the subsidiaries’ net assets during actual acquisition Retained earnings CHP YLT Consideration paid $ (13,054 ) $ (2,258 ) The proportionate share of the carrying amount of the net assets of the subsidiary transferred from non-controlling interests 14,207 2,268 Differences recognized from equity transactions $ 1,153 $ 10 Line items adjusted for equity transactions Capital surplus - difference between consideration paid and the carrying amount of the subsidiaries’ net assets during actual acquisition $ 1,153 $ 10 Retained earnings - - $ 1,153 $ 10				From March to April 2021	From March to April 2021	From March to April 2021
			ACSPL $ (1,320) 1,462 $ 142 $ 142 - $ 142 From April		CHP YTRMC $ (274) $ (1) 1,009 - $ 735 $ (1) $ 735 $ - - (1) $ 735 $ (1) to September 2020				Total $ (1,595) 2,471 $ 876 $ 877 (1) $ 876
									$
									$
									$

CHP $ (13,054 ) 14,207 $ 1,153 $ 1,153 - $ 1,153	YLT $ (2,258 ) 2,268 $ 10 $ 10 - $ 10	$	AEE (1,421 ) 1,544 123 123 - 123	DCI $ (609 ) 952 $ 343 $ 343 - $ 343	FMT $ (264 ) 296 $ 32 $ 32 - $ 32	YLPPC $ (63 ) 66 $ 3 $ 3 - $ 3	NHC $ (77 ) 85 $ 8 $ 8 - $ 8	YTRM $	C (4 ) - (4) - (4) (4)	Total $ (17,750 ) 19,418 $ 1,668 $ 1,672 (4) $ 1,668
		$						$
		$						$
		$						$

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33. FINANCIAL INSTRUMENTS

a. Fair value of financial instruments not measured at fair value

September 30, 2021 Carrying Amount Financial liabilities Financial liabilities measured at amortized cost Bonds payable (include current portion) $ 45,178,844 December 31, 2020 Carrying Amount Financial liabilities Financial liabilities measured at amortized cost Bonds payable (include current portion) $ 48,170,305 September 30, 2020 Carrying Amount Financial liabilities Financial liabilities measured at amortized cost Bonds payable (include current portion) $ 38,747,811	FairValue
	Level 1 Level 2 Level 3 Total $ 45,386,962 $ - $ - $ 45,386,962 Fair Value
	Level 1 Level 2 Level 3 Total $ 49,777,749 $ - $ - $ 49,777,749 FairValue
	Level 1 Level 2 Level 3 Total $ 40,008,770 $ - $ - $ 40,008,770

b. Fair values of financial instruments measured at fair value on a recurring basis
1) Fair value hierarchy

September 30, 2021

Financial assets at FVTPL Listed shares Beneficiary certificates Convertible options	Level 1 $ 4,694,062 1,558,834 - $ 6,252,896	Level 2 $ - 10,871,394 - $ 10,871,394	Level 3 $ - - 1,259 $ 1,259	Total $ 4,694,062 12,430,228 1,259 $ 17,125,549 (Continued)

48 -

Financial assets at FVTOCI Equity instruments Domestic listed shares Domestic unlisted shares Overseas listed shares Overseas unlisted shares December 31, 2020 Financial assets at FVTPL Listed shares Beneficiary certificates Convertible options Financial assets at FVTOCI Equity instruments Domestic listed shares Domestic unlisted shares Overseas listed shares Overseas unlisted shares Financial liabilities at FVTPL Cross-currency swap contracts	Level 1 $ 12,622,480 - 27,191 - $ 12,649,671 Level 1 $ 5,458,496 1,088,908 - $ 6,547,404 $ 13,146,399 - 150,110 - $ 13,296,509 $ -	Level 2 $ - - - - $ - Level 2 $ - 8,222,662 - $ 8,222,662 $ - - - - $ - $ -	Level 3 $ - 1,752,806 - 416,161 $ 2,168,967 Level 3 $ - - 94,743 $ 94,743 $ - 1,691,106 - 393,107 $ 2,084,213 $ 425,693	Total $ 12,622,480 1,752,806 27,191 416,161 $ 14,818,638 (Concluded) Total $ 5,458,496 9,311,570 94,743 $ 14,864,809 $ 13,146,399 1,691,106 150,110 393,107 $ 15,380,722 $ 425,693

49 -

September 30, 2020

Financial assets at FVTPL Listed shares Beneficiary certificates Convertible options Financial assets at FVTOCI Equity instruments Domestic listed shares Domestic unlisted shares Overseas listed shares Overseas unlisted shares Financial liabilities at FVTPL Cross-currency swap contracts	Level 1 $ 4,298,128 1,005,642 - $ 5,303,770 $ 12,294,799 - 161,410 - $ 12,456,209 $ -	Level 2 $ - 4,763,673 - $ 4,763,673 $ - - - - $ - $ -	Level 3 $ - - 71,201 $ 71,201 $ - 1,645,539 - 444,367 $ 2,089,906 $ 231,280	Total $ 4,298,128 5,769,315 71,201 $ 10,138,644 $ 12,294,799 1,645,539 161,410 444,367 $ 14,546,115 $ 231,280

There was no transfer between the fair value measurements of Levels 1 and 2 for the nine months ended September 30, 2021 and 2020.

2) Reconciliation of Level 3 fair value measurements of financial instruments

Balance at January 1, 2021 Recognized in profit or loss Net gain (loss) on financial instruments at FVTPL Convertible bonds converted to ordinary shares Recognized in other comprehensive income Unrealized gain (loss) on financial instruments at FVTOCI Settlement Balance at September 30, 2021		Financial Instruments at FVTPL Derivatives Financial Assets Financial Liabilities $ 94,743 $ (425,693) (39,927) (253,257) (53,557) - - - - 678,950 $ 1,259 $ -		Financial Assets at FVTOCI Equity Instruments $ 2,084,213 - - 84,754 - $ 2,168,967	Total $ 1,753,263 (293,184) (53,557) 84,754 678,950 $ 2,170,226

		Financial Assets $ 94,743 (39,927) (53,557) - - $ 1,259

50 -

Balance at January 1, 2020 Recognized in profit or loss Net gain (loss) on financial liabilities at FVTPL Recognized in other comprehensive income Unrealized gain (loss) on financial assets at FVTOCI Balance at September 30, 2020		Financial Assets at FVTPL Derivatives Financial Assets Financial Liabilities $ - $ (112,070) 71,201 (119,210) - - $ 71,201 $ (231,280)		Financial Assets at FVTOCI Equity Instruments $ 2,219,586 - (129,680) $ 2,089,906	Total $ 2,107,516 (48,009) (129,680) $ 1,929,827

		Financial Assets $ - 71,201 - $ 71,201

3) Valuation techniques and inputs applied for Level 2 fair value measurement

Financial Instruments Valuation Techniques and Inputs Mutual funds The Group uses net asset value as the basis to determine the fair value as the Group has determined that the net asset value of the mutual fund represents fair value at the end of the reporting period.

4) Valuation techniques and inputs applied for Level 3 fair value measurement
a) The fair values of convertible bond options are determined using the information available from the counterparty for valuation based on the option pricing model. The option pricing model incorporates the present value techniques and reflects both the time value and the intrinsic value of options.
b) The fair value of cross currency swap contracts is determined using the information available from the counterparty for valuation. The counterparty measures the fair value of a cross currency swap contracts using the discounted cash flows model. Future cash flows are estimated based on observable forward exchange rates at balance sheet dates and contract forward rates and discounted at rates that reflect the credit risk of various counterparties.
c) The fair values of unlisted shares are determined by using the asset approach or the market approach. In the asset approach, the fair values are estimated by using the net asset value measured at fair value based on the unlisted investees’ latest financial statements, while taking into account the liquidity discount and non-controlling interest discount. In the market approach, the fair values are estimated based on the market transaction prices of comparable companies with similar industrial and business characteristics and liquidity discount are considered.
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c. Categories of financial instruments

	September	30,	December 31,	September 30,
	2021		2020	2020
Financial assets
Financial assets at FVTPL	$ 17,125,549		$ 14,864,809	$ 10,138,644
Financial assets measured at amortized cost
(1)	82,976,393		67,061,789	77,328,728
Financial assets at FVTOCI	14,818,638		15,380,722	14,546,115
Financial liabilities
Financial liabilities measured at amortized
cost (2)	116,147,889		108,685,604	117,826,746
Financial liabilities at FVTPL		-	425,693	231,280

1) The balances include financial assets measured at amortized cost, which comprise cash and cash equivalents, debt investments, notes receivable, trade receivables, other receivables and finance lease receivables.
2) The balances include financial liabilities measured at amortized cost, which comprise short-term and long-term borrowings, short-term bills payable, trade payables and accrued expenses, and bonds payable.
d. Financial risk management objectives and policies

The Group’s major financial instruments include equity and debt investments, trade receivables, trade payables, bonds payable, borrowings and lease liabilities. The Group’s Corporate Treasury function provides services to the business, coordinates access to domestic and international financial markets, monitors and manages the financial risks relating to the operations of the Group through internal risk reports which analyze exposures by degree and magnitude of risks. These risks include market risk (including foreign currency risk, interest rate risk and other price risk), credit risk and liquidity risk.

The Group mitigates the effects of these risks by using derivative financial instruments to hedge risk exposures. The use of financial derivatives is governed by the Group’s policies approved by the Corporation’s board of directors, which provides written principles on foreign currency risk, interest rate risk, credit risk, the use of financial derivatives and non-derivative financial instruments, and the investment of excess liquidity. Compliance with policies and exposure limits is reviewed by the internal auditors on a continuous basis.

1) Market risk

The Group’s activities exposed it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The Group entered into cross-currency swap contracts to mitigate its exposure to foreign currency risk and interest risk.

a) Foreign currency risk

Several subsidiaries of the Corporation have foreign currency denominated sales and purchases and foreign currency financing activities, which expose the Group to foreign currency risk.

The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities (including those eliminated on consolidation) and of the derivatives exposed to foreign currency risk at the end of the reporting period are set out in Note 38.

52 -

Sensitivity analysis

The Group was mainly exposed to the RMB and USD.

The following table details the Group’s sensitivity to a 5% increase and decrease in the functional currency against the relevant foreign currencies. The sensitivity rate of 5% was used when reporting foreign currency risk internally to key management personnel and representing management’s assessment of the reasonably possible change in foreign exchange rates. The sensitivity analysis included only outstanding foreign currency denominated monetary items less notional amounts of cross-currency swap. The analysis assumed a 5% change in foreign currency rates at the end of the reporting period. A positive number below indicates an increase in pre-tax profit assuming the New Taiwan dollars weakened by 5% against the relevant currency. For a 5% strengthening of New Taiwan dollars against the relevant currency, there would be an equal and opposite impact on pre-tax profit and the balances shown below would be negative.

Increase (decrease) in pre-tax profit	RMB Impact For the Nine Months Ended September 30 2021 2020 $ 89,734 $ 46,638	USD Impact
		For the Nine Months Ended September 30
		2021 2020 $ 592,400 $ 585,162

b) Interest rate risk

The Group is exposed to interest rate risk because entities in the Group borrows funds at both fixed and floating interest rates. The risk is managed by the Group by maintaining an appropriate mix of fixed and floating rate borrowings and using cross currency swap contracts.

The carrying amounts of the Group’s financial assets and financial liabilities with exposure to changes in interest rates at the end of the reporting period were as follows:

	September 30,	December 31,	December 31,	September 30,
	2021		2020	2020
Fair value interest rate risk
Financial assets	$ 19,809,635	$	18,929,599	$ 18,770,720
Financial liabilities	80,652,669		78,458,021	87,719,794
Cash flow interest rate risk
Financial assets	29,378,213		23,251,722	34,116,844
Financial liabilities	26,905,419		21,905,450	22,178,483

Sensitivity analysis

The sensitivity analysis below was determined based on the Group’s exposure to changes in interest rates of non-derivative instruments at the end of the reporting period.

If interest rates had been 0.01% higher/lower and all other variables were held constant, the Group’s pre-tax profit for the nine months ended September 30, 2021 and 2020 would have increased/decreased by $143 thousand and $212 thousand, respectively, which was mainly due to the Group’s exposure to changes in interest rates of its variable-rate bank borrowings and bank deposits.

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c) Other price risk

The Group is exposed to price risk through its investments in listed equity securities, corporate bonds and beneficiary certificates of funds.

Sensitivity analysis

The sensitivity analysis below is based on the exposure to investment position price risks at the end of the reporting period.

If investment position prices had been 1% higher/lower, pre-tax profit for the nine months ended September 30, 2021 and 2020 would have increased/decreased by $171,243 thousand and $100,674 thousand, respectively, as a result of the changes in fair value of financial assets at fair value through profit or loss, and the pre-tax other comprehensive income for the nine months ended September 30, 2021 and 2020 would have increased/decreased by $126,497 thousand and $124,562 thousand, respectively, as a result of the changes in fair value of financial assets at fair value through other comprehensive income.

2) Credit risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the Group. As at the end of the reporting period, the Group’s maximum exposure to credit risk which would cause a financial loss to the Group due to the failure of counterparties to discharge an obligation and financial guarantees provided by the Group is equal to the carrying amount of the financial assets as stated in the balance sheets. The Group adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral, where appropriate, as a means of mitigating the risk of financial loss from defaults. The Group only transacts with entities that are rated the equivalent of investment grade and above. The Group uses publicly available financial information and its own trading records to rate its major customers. The Group’s exposure and the credit ratings of its counterparties are continuously monitored.

The counterparties in trade receivables consist of a large number of clients in different industries and regions. The Group evaluates clients’ financial condition continuously.

Credit risk represents the potential negative impact on the financial assets of the Group if counterparties or third parties breach the contracts. The Group evaluates credit risk exposure on contracts with positive carrying value. The Group evaluated the credit risk exposure as immaterial because all counterparties are reputable financial institutions and companies with good credit ratings.

3) Liquidity risk

The Group manages liquidity risk by monitoring and maintaining a level of cash and cash equivalents deemed adequate to finance the Group’s operations and mitigate the effects of fluctuations in cash flows. In addition, management monitors the utilization of bank borrowings and ensures compliance with loan covenants.

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a) Liquidity and interest rate tables for non-derivative financial liabilities

The following tables detail the Group’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The tables had been drawn up based on the undiscounted cash flows of financial liabilities from the earliest date on which the Group can be required to pay. The tables included both interest and principal cash flows.

September 30, 2021

On Demand or Less than 1 Month Non-derivative financial liabilities Non-interest bearing $ 3,619,704 Lease liabilities 18,966 Variable interest rate liabilities 4,819,579 Fixed interest rate liabilities 7,448,698 $ 15,906,947	1-3 Months $ 3,135,345 37,932 5,200,000 16,327,328 $ 24,700,605	3 Months to 1 Year $ 2,772,414 170,696 1,731,580 8,136,640 $ 12,811,330	1-5 Years $ 309,396 594,444 11,270,639 37,220,912 $ 49,395,391	5+ Years $ 72,033 893,805 3,883,621 10,200,000
				$ 15,049,459

Additional information about the maturity analysis for lease liabilities:

Less than 1 Year 1-5 Years Lease liabilities$ 227,594 $ 594,444 December 31, 2020 On Demand or Less than 1 Month Non-derivative financial liabilities Non-interest bearing $ 3,808,419 Lease liabilities 21,282 Variable interest rate liabilities 6,110,000 Fixed interest rate liabilities 11,347,931 $ 21,287,632 Additional information about the maturity Less than 1 Year 1-5 Years Lease liabilities$ 255,386 $ 601,765 September 30, 2020 On Demand or Less than 1 Month Non-derivative financial liabilities Non-interest bearing $ 3,787,987 Lease liabilities 20,757 Variable interest rate liabilities 3,740,000 Fixed interest rate liabilities 20,412,331 $ 27,961,075	5-10 Years 10-15 Years $ 258,795 $ 190,034 1-3 Months 3 Months to 1 Year $ 3,176,763 $ 2,313,266 42,564 191,540 4,400,000 2,582,865 11,787,808 13,009,109 $ 19,407,135 $ 18,096,780 analysis for lease liabilities: 5-10 Years 10-15 Years $ 284,211 $ 199,642 1-3 Months 3 Months to 1 Year $ 1,678,877 $ 3,208,336 41,514 186,813 5,550,574 1,972,154 10,891,306 15,842,612 $ 18,162,271 $ 21,209,915	15-20 Years $ 146,577 1-5 Years $ 319,796 601,765 5,147,909 30,732,248 $ 36,801,718 15-20 Years $ 153,264 1-5 Years $ 543,668 613,357 7,610,647 39,182,228 $ 47,949,900	20+ Years $ 298,399 5+ Years $ 84,814 960,792 3,664,676 10,200,000
			$ 14,910,282
			20+ Years $ 323,675 5+ Years $ 100,918 967,268 3,305,108 -
			$ 4,373,294

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Additional information about the maturity analysis for lease liabilities:

Less than 1 Year Lease liabilities$ 249,084	1-5 Years $ 613,357	5-10 Years 10-15 Years 15-20 Years $ 288,521 $ 199,862 $ 152,376	20+ Years $ 326,509

The amounts above of variable interest rate non-derivative financial assets and liabilities are subject to change if actual variable interest rates differ from those estimates of interest rates at the end of the reporting period.

b) Liquidity and interest rate tables for derivative financial liabilities

The following table details the Group’s liquidity analysis of its derivative financial instruments. The table is based on the undiscounted contractual net cash inflows and outflows on derivative instruments that settle on a net basis. When the amount payable or receivable is not fixed, the amount disclosed is determined by reference to the projected interest rates as illustrated by the yield curves at the end of the reporting period.

December 31, 2020

On Demand or Less than 1 Month 1-3 Months 3 Months to 1 Year Net settled Cross-currency swap contracts $ - $ (42,155) $ (86,183) September 30, 2020 On Demand or Less than 1 Month 1-3 Months 3 Months to 1 Year Net settled Cross-currency swap contracts $ - $ (43,552) $ (131,136)	1-5 Years $ - 1-5 Years $ -	5+ Years $ -
		5+ Years $ -

e. Transfers of financial assets: None.
f. Offsetting financial assets and financial liabilities: None.
g. Reclassifications: None.
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34. TRANSACTIONS WITH RELATED PARTIES

Balances and transactions between the Corporation and its subsidiaries, which are related parties of the Corporation, have been eliminated on consolidation and are not disclosed in this note. Besides information disclosed elsewhere in the other notes, details of transactions between the Group and other related parties are disclosed below.

Transactions with related parties are conducted under normal terms.

Balances and transactions between the Group and single related party are disclosed separately except when the amount is less than 10% of the total balances or transactions; otherwise, the amounts are lumped together as others.

a. Related party name and category

Related Party Name
FENC
U-Ming
EISF
OSC
HZYCCL
FEDSDL
SHSTC
YDC
Opas Fund Segregated Portfolio Company
FEC
Drive Catalyst SPC
Alliance Concrete Singapore Pte. Ltd.
WAMTC
HXMC
Malaysia Garment Manufacturers Pte. Ltd.
CHC Resources Corporation
Far Eastern Apparel Co., Ltd.
Chubei New Century Shopping Mall Co., Ltd.
Chu Chiang Enterprise Corp. Ltd.
Chu Feng
Air Liquide Far Eastern Co.
Oriental Petrochemical (Taiwan) Corporation
Ya Tung Department Store Ltd.
Oriental Institute of Technology
Far Eastern Memorial Hospital
Oriental Green Materials Limited
Ho Hwei Enterprise Corp. Ltd.
Oriental Union Chemical Corp.
NanKung Enterprise Ltd.
New Century InfoComm Tech Co., Ltd.
U-Ming Transport (Singapore) Private Limited
YDT Technology International Corporation
Ding & Ding Management Consultants Co., Ltd.
Far Eastern Ai Mai Co., Ltd.
Far Eastern Fibertech Co., Ltd.
Far Eastern Department Store Ltd.
Far Eastern Polytex (Vietnam) Ltd.

Related Party Category

Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Joint venture
Joint venture
Joint venture
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other

(Continued)

57 -

Related Party Name
Far Eastern International Bank (FEIB)
FERD
Far Eastern General Construction Inc.
Far EasTone Telecommunications Co., Ltd.
Far Eastern Leasing Corporation
Far Eastern Property Insurance Agency Co., Ltd.
Far Eastern International Leasing Corporation
Lien Fang Enterprise Corp. Ltd.
Yuan Ze University
Yuan Cheng Human Resources Consultant Corporation
U-Ming Marine Transport (Hong Kong) Ltd.
Everest Textile Co., Ltd.
Ding Ding Hotel Co., Ltd.
Far Eastern Electronic Toll Collection Co., Ltd.
Kun Yen Lee
Douglas Tong Hsu
Hsu Shih, Hsu
Raymond Hsu
Peter Hsu
Alice Hsu
Nancy Hsu
Y.F. Chang
Z.P. Chang
Tsai Hsiung Chang
Chen Kun Chang
Seng Chang Lin
Chen Fong Cheng
Lu Xing Fang

Related Party Category
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
Related party in substance
(Concluded)

Note: Other related party relationships mainly include associates’ subsidiaries, legal person in which the chairman is the same as the Corporation’s chairman and the director is also the Corporation’s chairman.

b. Operating transactions

Operating revenue Associates Others Joint ventures Operating cost Associates Others Joint ventures		For the Three Months Ended September 30 2021 2020 $ 186,817 $ 166,527 375,718 439,853 209,033 38,452 $ 771,568 $ 644,832 $ 130,907 $ 140,562 260,890 211,750 128,687 138,630 $ 520,484 $ 490,942		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 186,817 375,718 209,033 $ 771,568 $ 130,907 260,890 128,687 $ 520,484		2021 $ 524,854 1,283,285 590,083 $ 2,398,222 $ 448,510 640,991 392,129 $ 1,481,630	2020 $ 492,802 1,314,724 274,974 $ 2,082,500 $ 448,467 623,916 400,757 $ 1,473,140

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Receivables from related parties (including notes receivable, trade receivables, other receivables and contract assets):

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2021		2020		2020
Associates	$	258,756	$	87,954	$	263,870
Others		591,779		484,322		579,079
Joint ventures		146,755		144,687		54,010
	$	997,290	$	716,963	$	896,959
Accounts payable and accrued	expenses to related parties:
	September 30,		December 31,		September 30,
		2021		2020		2020
Associates	$	76,753	$	98,416	$	70,310
Others		91,856		89,977		75,938
Joint ventures		107,128		58,778		90,453
	$	275,737	$	247,171	$	236,701

The outstanding trade payables and receivables from related parties are unsecured.

Prepayments:

		September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
			2021		2020		2020
	Associates	$	15,000	$	15,000	$	15,000
	Others		189		1,854		175
		$	15,189	$	16,854	$	15,175
c.	Transactions with FEIB
		September 30,		December 31,		September 30,
			2021		2020		2020
	Bank deposits (Note)	$	6,293,316	$	3,622,676	$	6,857,862
	Bank loans	$	1,280,000	$	830,000	$	180,000
	Cross-currency swap contracts	$	-	$	(26,854)	$	(14,924)

As of December 31, 2020 and September 30, 2020, the notional principal of the above outstanding cross-currency swap contracts were all US$15,000 thousands.

Note: The balances included amounts recognized as financial assets measured at amortized cost, and other non-current assets (refundable deposits).

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d. Compensation of key management personnel

The compensation to directors and other key management personnel were as follows:

Short-term employee benefits Post-employment benefits		For the Three Months Ended September 30 2021 2020 $ 72,976 $ 107,684 270 216 $ 73,246 $ 107,900		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 72,976 270 $ 73,246		2021 $ 184,924 648 $ 185,572	2020 $ 177,497 648 $ 178,145

The remuneration of directors and key executives is determined by the remuneration committee based on the performance of individuals and market trends.

e. Other transactions with related parties
1) Operating expense - rental

Associates Others		For the Three Months Ended September 30 2021 2020 $ 12,703 $ 12,134 2,102 2,251 $ 14,805 $ 14,385		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2021 $ 12,703 2,102 $ 14,805		2021 $ 38,111 7,178 $ 45,289	2020 $ 36,402 6,853 $ 43,255

2) Lease agreement

Acquisitions of right-of-use assets

Others Lease liabilities September 30, 2021 Associates $ - Others 193,889 $ 193,889	For the Nine Months Ended September 30
	2021 2020 $ 28,800 $ 47,315 December 31, 2020 September 30, 2020 $ - $ 569 205,261 215,836 $ 205,261 $ 216,405

3) The nature of the Group’s transaction with OFSPC is acquisition or disposal of OPAS Fund Segregated Portfolio’s overseas fund through OFSPC’s platform. The portfolio’s decision is made and managed by the investment committee which is composed of the Group and other investors. The Group’s investment activities through OFSPC’s platform for the nine months ended September 30, 2021 and 2020 included acquisition of $282,300 thousand and $241,120 thousand, and disposal of $282,133 thousand and $277,212 thousand as well as gain on disposal of $41,013 thousand and $33,852 thousand, respectively.
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4) From March to April 2021, the Group acquired non-controlling interests in subsidiaries, including ACSPL, CHP and YTRMC, from related party in substance with a total amount of $1,520 thousand; refer to Note 32.
5) From April to August 2020, the Group acquired further interests in associate YYI, as well as non-controlling interests in subsidiaries, including CHP, YTRMC, DCI, FMT, NHC, AEE, YLT and YLPPC, from related party in substance with a total amount of $17,682 thousand; refer to Note 32.
6) From April to August 2021, the Corporation, Corporation’s subsidiary DCI and FMT subscribed for 、
new shares of Ding Ding Hotel Co., Ltd., Drive Catalyst SPC-SP Tranche Two Drive Catalyst SPC-SP Tranche Three and cash capital increase of Everest Textile Co., Ltd. with a total amount of $295,743 thousand.
7) On July 2020, YTRMC and FMT acquired non-controlling interests of their subsidiaries, YSRMC and FDT, from related party in substance with a total amount of $274 thousand.

35. ASSETS PLEDGED AS COLLATERAL

The following assets are provided as collaterals for short-term and long-term bank borrowings or for purchases from suppliers.

September 30, 2021 Investment properties $ 13,857,983 Investments accounted for using the equity method 8,913,851 Property, plant and equipment 2,422,230 Financial assets at fair value through other comprehensive income 189,550 Financial assets at amortized cost 273,376 $ 25,656,990	December 31, 2020 September 30, 2020 $ 13,857,983 $ 13,855,572 8,919,905 8,829,084 2,530,035 2,565,001 204,000 207,400 314,343 164,697 $ 25,826,266 $ 25,621,754

36. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED COMMITMENTS

As of September 30, 2021, the Corporation and its subsidiaries had the following significant commitments and contingencies:

a. Unused letters of credit of US$25,454 thousand, and EUR735 thousand.
61 -

b. Guarantee notes issued for related parties:

	September 30,	September 30,
		2021
AIC	$	18,758,000
DCI		17,500,000
NHC		1,029,000
YTRMC		1,000,000
YLPPC		497,642
AEE		300,000
YSRMC		100,000
FSMS		30,000
ACE		834,000
ACP		1,112,000
ACP II		973,000
ACP III		834,000
ACP IV		834,000
ACL		973,000
ACI		973,000
ACM II		834,000
ACM III		834,000
ACM IV		973,000
	$	48,388,642
YLSS
YLSS	$	100,000
DCI
FSMS	$	50,000
YTRMC
YSRMC	$	48,747

c. CHP entered into agreements on the following transactions:
1) Purchase of natural gas from Chinese Petroleum Corporation.
2) Power Plant (base load unit) Purchase and Sale Contract, Power Plant (medium-load unit) Purchase and Sale Contract and Electricity Purchase and Sale Contract for Gas Recirculation with TPC.
3) Contractual Service Agreement with General Electric Global Services GmbH.
4) Contract of Engineering, Procurement and Construction with General Electric Global Services GmbH. and GE Global Parts & Products, GmbH.
d. The estimated payments for construction of plants and acquisition of land use rights and equipment of JYDC, HYDCCL, SIYDCCL, HGYDC and SLCL in the future amount to RMB35,795 thousand.
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e. YSRMC supplied ready-mixed concrete to Da Cin Construction Co., Ltd. (“Da Cin”) during 2003. The owner of the project under construction demanded Da Cin to take responsibility for repairing the construction flaws. Da Cin requested YSRMC to compensate the loss and damage on the construction. However, both parties did not reach an agreement from 2006 to 2009. Da Cin filed an appeal and requested YSRMC to indemnify $22,881 thousand in April 2010. In July 2014, the local court concluded that YSRMC has to pay indemnity in the amount of $17,642 thousand. In 2010, 2014, and 2020, YSRMC estimated the related compensation loss, which was accounted for as provisions, of $13,800 thousand, $3,840 thousand and $27,600 thousand, respectively, with a total of $45,240 thousand. YSRMC also filed an appeal against the court’s decision in October 2014. Da Cin requested additional compensation of $137,544 thousand in the second instance, and the total damage compensation claimed was $160,425 thousand together with the amount in the first instance. However, Dan Cin’s appeal was dismissed in the second instance; thus YSRMC did not have to bear any expenses. Da Cin further filed an appeal to the Supreme Court, and the case remained to be rejected by the High Court. Later, Da Cin filed an appeal to the Supreme Court for the second time and the appeal was still dismissed by the Supreme Court on September 30, 2020.
f. On March 13, 2013, the No. 1114 Commissioners’ Meeting of Fair Trade Commission resolved that independent power producers violated Article 14, Paragraph 1 of Fair Trade Act due to the rejection of power purchase rate adjustment with TPC and fined CHP $400,000 thousand. Accordingly, CHP recognized penalty expenses, which is included in other losses in the consolidated financial statements for the year ended December 31, 2013. The penalty is payable in 60 monthly installments and covered by a long-term note payable. CHP had filed an appeal on April 17, 2013.

On September 12, 2013, the Petitions and Appeals Committee of the Executive Yuan rescinded the imposition of penalty (the “Penalty Disposition”) and advised the Fair Trade Commission to impose more appropriate disposition with refund of penalty paid by CHP. However, CHP’s appeal against the imposition of illegal concerted action among independent power producers (the “Act Disposition”) was dismissed.

Regarding the Penalty Disposition, the Fair Trade Commission resolved a penalty of $370,000 thousand on November 13, 2013. CHP thus adjusted the penalty expenses in other gains and losses for the year ended December 31, 2013. The disposition was revoked again by the Petitions and Appeals Committee on May 9, 2014. Then the Fair Trade Commission imposed a penalty of $364,000 thousand on July 9, 2014. CHP recognized a reversal gain of $6,000 thousand in other income for the year ended December 31, 2014 and issued a long-term note payable in 60 installments for the penalty in accordance with the disposition. In addition, CHP also filed an appeal to defend its interest on August 11, 2014.

On December 11, 2014, Letter from the Petitions and Appeals Committee indicates that the filing of appeal against the Penalty Disposition is suspended until the administrative court makes the final judgment on the Act Disposition.

Regarding the Act Disposition, on November 7, 2013, CHP filed an administrative litigation at the Taipei High Administrative Court against the dispositions of the Fair Trade Commission. The Taipei High Administrative Court ruled in favor of CHP on October 29, 2014. Nevertheless, the Fair Trade Commission filed an appeal with the Supreme Administrative Court. The Supreme Administrative Court dismissed the judgment made by the Taipei High Administrative Court on July 2, 2015. The case was remanded to the Taipei High Administrative Court on May 25, 2017, and the Taipei High Administrative Court still revoked the administrative disciplinary action and the judgement of the appeal. The Fair Trade Commission filed an appeal with the Supreme Administrative Court and the case was remanded to the Taipei High Administrative Court on September 27, 2018. On May 16, 2020, the Taipei High Administrative Court revoked the administrative disciplinary action and the judgement of the appeal once again. On July 9, 2020, the Fair Trade Commission served a statement of appeal upon CHP, and the Taipei High Administrative Court has transferred the case to the Supreme Administrative Court on August 18, 2020.

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g. On March 15, 2013, Letter No. 102035 from the Fair Trade Commission indicated concerted action among CHP and other independent power producers due to the rejection of power purchase rate adjustment with TPC. Accordingly, in August 2015, TPC filed at the Taipei District Court a civil mediation which requests CHP to compensate $2.35 billion plus interest from November 1, 2007 to the settlement date for the damage caused. Later, in September 2015, TPC filed at the Taipei District Court a civil litigation appeal which requests CHP to compensate $2.349 billion plus interest from November 1, 2007 to the settlement date as well as an apology published in major newspapers. TPC also filed at the Taipei High Administrative Court an administrative litigation which requests CHP to compensate the damage caused which amounted to $1.4 billion plus interest from November 1, 2007 to the settlement date with a 5% annual interest rate.

CHP and TPC did not reach an agreement in the civil mediation council meeting held on October 7, 2015. Later, TPC included the damage compensation claimed in the civil mediation in the administrative litigation appeal and the total compensation claimed in the statement of the administrative litigation amounted to $3.75 billion plus interest from November 1, 2007 to the settlement date with a 5% annual interest rate. On November 27, 2015, the administrative court ruled that the litigation proceedings are suspended until the administrative court makes the final judgment on the Act Disposition. However, on July 12, 2016, Taipei High Administrative Court notified that the power purchase and sales contracts between independent power producers and TPC are subject to the performance of obligation under the Civil Code. Therefore, the abovementioned ruling for suspension was revoked and the administrative litigation for compensation would be transferred to the Taipei District Court. TPC filed counter appeal against the ruling; however, the appeal was dismissed by the Supreme Administrative Court on December 30, 2016. This case has been transferred to the Taipei District Court on January 25, 2017. On April 12, 2019, the appeal was dismissed by the Taipei District Court, and TPC filed an appeal to the Taiwan High Court on May 17, 2019. On April 13, 2021, CHP has been notified that TPC has revoked its appeal. Later, CHP responded to the Taiwan High Court and agreed with the withdrawal on April 20, 2021.

In light of the civil proceedings, on March 1, 2016, TPC added posterior statement which requests the capital expenditure it paid to CHP from October 9, 2007 to November 30, 2012 according to the power purchase and sales contracts to be recalculated relying on CHP’s capital ratio. Accordingly, CHP would compensate at least $2.349 billion to TPC. The Taipei District Court dismissed the appeal on November 1, 2018, and CHP filed an appeal subsequently. This case is currently heard by the Taiwan High Court.

CHP considered the payment of the indemnity is not possible unless TPC can provide proof that the damage was caused by CHP and their appeal is filed within the statute of limitation. As of the date the consolidated financial statements were authorized for issue, the amount of the compensation cannot be reasonably estimated. Therefore, CHP could not assess the possible impact on its financial position and did not recognize any contingent liabilities.

h. On December 4, 2015 and December 17, 2015, CSCGL, China Shanshui Cement Group (Hong Kong) Company Limited and China Pioneer Cement (Hong Kong) Company Limited (collectively referred as “Shanshui Cement Group”) commenced legal proceedings against former directors of CSCGL in respect of the alleged dishonest breaches of fiduciary duty or alleged conspiracy to cause damages to CSCGL during their tenures. The proceedings arose from disputes between CSCGL’s present and former board of directors over the changes in management and the takeover of the headquarters of CSCGL. On April 7, 2016, the Corporation was added as the 10th defendant. The Corporation engaged lawyers to take legal actions in connection with the unqualified claim to defend its reputation and interests. The case was tried by the High Court of Hong Kong from April 19 to June 17, 2021, and the case is currently waiting for a judgment from the High Court of Hong Kong. As of the auditors’ review report date, the Corporation considered that it is premature to evaluate at this stage the possible outcome of the proceedings given that no judgement has been handed down by the court and, therefore, did not recognize any contingent liabilities.
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i. Tianrui Group Company Limited and Tianrui (International) Holding Company Limited (collectively referred as “Tianrui Group”), CSI and former directors of CSCGL, in breach of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Codes on Takeovers and Mergers and share Buy-backs issued by the Hong Kong Securities and Futures Commission and the fiduciary duties, have engaged in unfair prejudicial conducts in favor of Tianrui directly and indirectly through CSCGL which are detrimental to the interests of the shareholders including the Corporation. The Corporation filed a writ of summons to the High Court of Hong Kong in June 2017 and has been seeking legal advice in relation to the legal proceedings. As the respondents’ applications to strike out the petition for technical reasons, the Corporation amended the applications accordingly. As of the auditors’ review report date, no further decision has been rendered yet.
j. On August 30, 2018, Tianrui (International) Holding Company Limited (“Tianrui”) presented a petition to the Grand Court of the Cayman Islands (the “Grand Court”) seeking to wind up CSCGL, and Tianrui further filed an application for the appointment of joint provisional liquidators (“JPLs”) over CSCGL, which was accepted by the Grand Court on September 4, 2018. On August 12, 2019, CSCGL had made applications to the Grand Court for the above-mentioned winding-up petition to be struck out and/or stayed. However, the Grand Court dismissed CSCGL’s applications according to the announcement dated April 7, 2020 at the news website of the Hong Kong Exchanges and Clearing Limited. Pursuant to the Grand Court’s decision, the winding up petition filed by Tianrui is considered a dispute between CSCGL’s shareholders and thus needs to be amended. The amendments shall include but not limited to adding the Corporation as defendants. Later, Tianrui filed an application with the Grand Court to amend its winding-up petition and the Corporation was added as defendants in the petition. By an order of the Grand Court announced on January 27, 2021, the Grand Court granted Tianrui’s amendments to the winding-up petition against CSCGL and added the Corporation as defendants. On March 19, 2021, the Corporation received the legal documents from Tianrui and has appointed legal counsel in relation to the false accusation in order to preserve the Corporation’s reputation and interests. Since no further verdict has been rendered yet, the Corporation considered that it is premature to evaluate at this stage the possible outcome of the proceedings. Therefore, the Corporation assessed that the winding-up petition did not have any material impact on its investments in CSCGL.

37. OTHER ITEMS

Due to the impact of the COVID-19 pandemic, the Group considered the economic implications of the epidemic when making its critical accounting estimates based on the information available as of the balance sheet date; refer to Note 5. With this, the Group assessed that there are no doubts in the aspects of the Group’s ability to continue as a going concern, risk of asset impairment and financing activities as of the date the consolidated financial statements were authorized for issue. The Group will stay alert to the development and situation of the COVID-19 and will take necessary action to mitigate the business risk

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38. SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

The Group’s significant financial assets and liabilities denominated in foreign currencies were as follows:

September 30, 2021

		Foreign		New Taiwan
	Currencies		Exchange Rate	Dollars
Financial assets
Monetary items
USD	$	762,382	27.80	$ 21,194,220
RMB		418,631	4.287	1,794,671
EUR		2,476	32.12	79,527
HKD		11,818	3.546	41,907
Non-monetary item
HKD		570,213	3.546	2,021,975
USD		395,651	27.80	10,999,098
RMB		24,245	4.287	103,938
Financial liabilities
Monetary items
USD		336,195	27.80	9,346,221
December 31, 2020
		Foreign		New Taiwan
	Currencies		Exchange Rate	Dollars
Financial assets
Monetary items
USD	$	578,136	28.43	$ 16,436,405
RMB		402,575	4.357	1,754,078
EUR		27,487	34.82	957,098
HKD		24,169	3.643	88,046
Non-monetary item
HKD		632,081	3.643	2,302,672
USD		297,146	28.43	8,447,863
RMB		39,500	4.357	172,102
Financial liabilities
Monetary items
USD		428,114	28.43	12,171,293
Non-monetary item
USD		14,973	28.43	425,682

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September 30, 2020

		Foreign		New Taiwan
	Currencies		Exchange Rate	Dollars
Financial assets
Monetary items
USD	$	981,805	29.05	$ 28,521,427
RMB		218,665	4.266	932,766
EUR		28,319	33.95	961,441
HKD		453,815	3.724	1,690,005
Non-monetary item
HKD		621,167	3.724	2,313,227
USD		170,963	29.05	4,966,487
RMB		41,210	4.266	175,790
Financial liabilities
Monetary items
USD		793,939	29.05	23,063,942
Non-monetary item
USD		7,961	29.05	231,280

For the three months and nine months ended September 30, 2021 and 2020, the total amounts of realized and unrealized net foreign exchange gains (losses) were $13,635 thousand, $(5,883) thousand, $(186,706) thousand and $(114,333) thousand, respectively. It is impractical to disclose net foreign exchange losses by each significant foreign currency because of the variety of the foreign currency transactions and functional currencies of the Group.

39. SEPARATELY DISCLOSED ITEMS

a. Information about significant transactions and b. information of investees:
1) Financing provided to others (Table 1)
2) Endorsements/guarantees provided (Table 2)
3) Marketable securities held (excluding investments in subsidiaries, associates and joint ventures) (Table 3)
4) Marketable securities acquired or disposed of at costs or prices of at least NT$300 million or 20% of the paid-in capital: (Table 4).
5) Acquisition of individual real estate at costs of at least NT$300 million or 20% of the paid-in capital: None.
6) Disposal of individual real estate at prices of at least NT$300 million or 20% of the paid-in capital: None.
7) Total purchases from or sales to related parties amounting to at least NT$100 million or 20% of the paid-in capital (Table 5)
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8) Receivables from related parties amounting to at least NT$100 million or 20% of the paid-in capital (Table 6)
9) Information on investees (Table 7)
10) Trading in derivative instruments (Note 7)
c. Information on investments in mainland China
1) Information on any investee company in mainland China, showing the name, principal business activities, paid-in capital, method of investment, inward and outward remittance of funds, ownership percentage, net income of investees, investment income or loss, carrying amount of the investment at the end of the year, repatriations of investment income, and limit on the amount of investment in the mainland China area (Table 8)
2) Any of the following significant transactions with investee companies in mainland China, either directly or indirectly through a third party, and their prices, payment terms, and unrealized gains or losses (Table 9):
- a) The amount and percentage of purchases and the balance and percentage of the related payables at the end of the year
- b) The amount and percentage of sales and the balance and percentage of the related receivables at the end of the year
- c) The amount of property transactions and the amount of the resultant gains or losses
- d) The balance of negotiable instrument endorsements or guarantees or pledges of collateral at the end of the year and the purposes
- e) The highest balance, the ending balance, the interest rate range, and total current period interest with respect to the financing of funds
- f) Other transactions that have a material effect on the profit or loss for the year on the financial position, such as the rendering or receipt of services
d. Intercompany relationships and significant intercompany transactions (Table 9)
e. Information of major shareholders: List all shareholders with ownership of 5% or greater showing the name of the shareholder, the number of shares owned, and percentage of ownership of each shareholder (Table 10)
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40. SEGMENT INFORMATION

Information reported to the chief operating decision maker for the purpose of resource allocation and assessment of segment performance focuses on the types of goods or services delivered or provided. The Group’s reportable segments were as follows: Cement, electric power, investment, engineering, transportation, stainless steel and leasing.

a. Segment revenue and results

Cement Electric power Investment Engineering Transportation Stainless steel Leasing Non-operating income and expenses Profit before income tax		Segment Revenue For the Nine Months Ended September 30 2021 2020 $ 49,490,959 $ 44,588,484 4,776,644 4,628,777 882,656 721,798 292,506 191,740 1,508,472 1,263,516 4,538,697 2,878,197 320,795 291,661 $ 61,810,729 $ 54,564,173		Segment Profit	Segment Profit
				For the Nine Months Ended September 30
		2021 $ 49,490,959 4,776,644 882,656 292,506 1,508,472 4,538,697 320,795 $ 61,810,729		2021 $ 10,124,322 979,530 721,664 32,399 259,971 258,186 156,768 12,532,840 3,848,556 $ 16,381,396	2020 $ 10,789,316 1,382,544 544,185 17,836 210,847 (27,662) 160,110 13,077,176 3,785,160 $ 16,862,336

Segment revenue reported above represents revenue generated from external customers.

b. Segment assets and liabilities, and other segment information

The Group does not report segment assets and liabilities or other segment information to the chief operating decision maker. Therefore, no information is disclosed here.

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TABLE 1

ASIA CEMENT CORPORATION AND SUBSIDIARIES

FINANCING PROVIDED TO OTHERS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Lender	Borrower	Financial Statement Account	Related Parties	Highest Balance for the Period	Ending Balance (Note 2)	Actual Borrowing Amount	Interest Rate (Note 3)	Nature of Financing	Business Transaction Amounts	Reasons for Short-term Financing	Allowance for Impairment Loss	Collateral	Collateral	Financing Limit for Each Borrower (Note 1)	Aggregate Financing Limits (Note 1)
													Item	Value
1	OIHPL	ACCHC	Other receivables	Y	$ 192,703	$ 188,608	$ 188,608	3.35%	Necessary for short-term financing	$ -	Operating capital	$ -	-	$ -	20% of net worth $11,248,127	50% of net worth $28,120,318
2	OHC	SIYDCCL SLCL ACCHC	Other receivables Other receivables Other receivables	Y Y Y	875,921 1,094,902 2,600,856	- - 2,571,930	- - -	- - -	Necessary for short-term financing Necessary for short-term financing Necessary for short-term financing	- - -	Operating capital Operating capital Operating capital	- - -	- - -	- - -	20% of net worth $2,876,104 Same as above Same as above	50% of net worth $7,190,260 Same as above Same as above
3	JYDC	SHYLCP YYDCCL TZOCCL ACCHC	Other receivables Other receivables Other receivables Other receivables	Y Y Y Y	394,165 437,961 525,553 2,627,764	214,328 214,328 214,328 1,285,965	122,167 - 64,298 1,285,965	3.85% - 3.85% 2.69%	Necessary for short-term financing Necessary for short-term financing Necessary for short-term financing Necessary for short-term financing	- - - -	Operating capital Operating capital Operating capital Operating capital	- - - -	- - - -	- - - -	20% of net worth $5,471,443 Same as above Same as above Same as above	50% of net worth $13,678,607 Same as above Same as above Same as above
4	HYDCCL	WYXC HXMC WYCPCL SYCPCL ACCHC	Other receivables Other receivables Other receivables Other receivables Other receivables	Y Y Y Y Y	87,592 43,796 87,592 87,592 1,863,947	85,731 - 85,731 - 1,843,217	- - - - 1,843,217	- - - - 2.69%	Necessary for short-term financing Necessary for short-term financing Necessary for short-term financing Necessary for short-term financing Necessary for short-term financing	- - - - -	Operating capital Operating capital Operating capital Operating capital Operating capital	- - - - -	- - - - -	- - - - -	20% of net worth $2,176,267 Same as above Same as above Same as above Same as above	50% of net worth $5,440,667 Same as above Same as above Same as above Same as above
5	WYDC	WYCPCL SYCPCL ACCHC WYXC	Other receivables Other receivables Other receivables Other receivables	Y Y Y Y	109,490 175,184 520,171 109,490	107,164 - 514,386 107,164	- - 514,386 -	- - 2.69% -	Necessary for short-term financing Necessary for short-term financing Necessary for short-term financing Necessary for short-term financing	- - - -	Operating capital Operating capital Operating capital Operating capital	- - - -	- - - -	- - - -	20% of net worth $518,724 Same as above Same as above Same as above	50% of net worth $1,296,810 Same as above Same as above Same as above
6	HGYDC	ACCHC	Other receivables	Y	1,083,690	1,071,638	1,071,638	2.69%	Necessary for short-term financing	-	Operating capital	-	-	-	20% of net worth $1,161,251	50% of net worth $2,903,128
7	SLCL	SLCCL	Other receivables	Y	175,184	171,462	150,029	3.85%	Necessary for short-term financing	-	Operating capital	-	-	-	20% of net worth $1,454,246	50% of net worth $3,635,615
8	SIYDCCL	SYCPCL ACCHC	Other receivables Other receivables	Y Y	390,128 2,600,856	385,790 2,571,930	257,193 2,571,930	3.85% 2.69%	Necessary for short-term financing Necessary for short-term financing	- -	Operating capital Operating capital	- -	- -	- -	20% of net worth $4,755,786 Same as above	50% of net worth $11,889,464 Same as above

Note 1: The net value was calculated based on reviewed financial statements as of September 30, 2021.

Note 2: The ending balance is the financing credit lines to the respective borrowers approved by the board of directors of lenders.

Note 3: The interest rate was for the nine months ended September 30, 2021.

Note 4: The foreign currency amounts are expressed in New Taiwan dollars at exchange rate as of September 30, 2021.

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TABLE 2

ASIA CEMENT CORPORATION AND SUBSIDIARIES

ENDORSEMENTS/GUARANTEES PROVIDED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Endorser/ Guarantor	Endorsee/Guarantee	Endorsee/Guarantee	Limits on Each Endorsement/ Guarantee Given on Behalf of Each Party (Note 1)	Maximum Amount Endorsed/ Guaranteed During the Period	Outstanding Endorsement/ Guarantee at the End of the Period	Actual Borrowing Amount	Amount Endorsed/ Guaranteed by Collaterals	Ratio of Accumulated Endorsement/ Guarantee to Net Equity in Latest Financial Statements (%)	Aggregate Endorsement/ Guarantee Limit (Note 1)	Endorsement/ Guarantee Given by Parent on Behalf of Subsidiaries	Endorsement/ Guarantee Given by Subsidiaries on Behalf of Parent	Endorsement/ Guarantee Given on Behalf of Companies in Mainland China
		Name	Relationship (Note 3)
0	The Corporation	Asia Cement Explorer Investment Ltd. Asia Cement Pioneer Investment Ltd. Asia Cement Pioneer II Investment Ltd. Asia Cement Pioneer III Investment Ltd. Asia Cement Pioneer IV Investment Ltd. AIC NHC DCI YTRMC AC Leap Investment Ltd. AC Mega Investment Ltd AC Mega II Investment Ltd. AC Mega III Investment Ltd. AC Mega IV Investment Ltd. FSMS AEE YLPPC YSRMC	b b b b b b b b b b b b b b b b b b	50% of net worth ($75,851,443) Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above	$ 834,000 1,112,000 973,000 834,000 834,000 18,758,000 1,174,850 17,500,000 1,000,000 973,000 973,000 834,000 834,000 973,000 30,000 300,000 497,642 150,000	$ 834,000 1,112,000 973,000 834,000 834,000 18,758,000 1,029,000 17,500,000 1,000,000 973,000 973,000 834,000 834,000 973,000 30,000 300,000 497,642 100,000	$ - - - - - 10,700,000 292,000 9,400,000 - - - - - - 30,000 240,000 178,200 -	None None None None None None None None None None None None None None None None None None	0.55 0.73 0.64 0.55 0.55 12.36 0.68 11.54 0.66 0.64 0.64 0.55 0.55 0.64 0.02 0.20 0.33 0.07	100% of net worth ($151,702,886) Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above Same as above	Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y	- - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - -
1	DCI	FSMS	d	50% of net worth ($7,141,035)	50,000	50,000	30,000	None	0.35	100% of net worth ($14,282,069)	Y	-	-
2	YLSS	YLSS	-	50% of net worth ($891,884)	100,000	100,000	30,000	100,000	5.61	100% of net worth ($1,783,768)	-	-	-
3	YTRMC	YSRMC	b	50% of net worth ($1,255,572)	48,747	48,747	48,747	None	1.94	100% of net worth ($2,511,145)	Y	-	-
4	FDT	FMT	d	50% of net worth ($429,641)	2,000	-	-	None	-	100% of net worth ($859,283)	-	-	-
													(Continued)

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(Concluded)

Note 1: The net value was calculated based on the lenders’ latest audited/reviewed financial statements.

Note 2: The foreign currency amounts are expressed in New Taiwan dollars at exchange rate as of September 30, 2021.

Note 3: The relationship between guarantor and guarantee are as follows:
a. A company with which the Corporation engages business.
b. A company in which the Corporation directly and indirectly holds more than 50% of the voting shares.
c. A company that directly and indirectly holds more than 50% of the voting shares in the Corporation.
d. A company in which the Corporation directly and indirectly holds more than 90% of the voting shares.
e. The Corporation fulfills its contractual obligations by providing mutual endorsements/guarantees for another company in the same industry or for joint builders for purposes of undertaking a construction project.
f. All capital contributing shareholders make endorsements/guarantees for their jointly invested company in proportion to their shareholding percentages.
g. Companies in the same industry provide among themselves joint and several securities for a performance guarantee of a sales contract for pre-construction homes pursuant to the Consumer Protection Act for each other.
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TABLE 3

ASIA CEMENT CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES HELD SEPTEMBER 30, 2021

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		September	30, 2021		Note
				Shares or Units	Carrying Amount	Percentage of Ownership (%)	Fair Value
The Corporation DCI	China Conch Venture Holding Deutsche Far Eastern DWS Taiwan Flagship Security Investment Trust Fund Far EasTone Far Eastern Department Stores Ltd. Oriental Union Chemical Corp. CHC Resources Corporation Far Eastern International Bank Taiwan Stock Exchange Corp. China Shanshui Investment Corp. Kaohsiung Rapid Transit L’ Hotel de Chine Hotel Pan Asia Engineers & Constructors Corp. Ding Ding Hotel Corp. China Trade & Development Corp. Linkou Recreation Corporation Chang An Fund Yuanta/P-shares Taiwan Dividend Plus ETF Taiwan Semiconductor Manufacturing Corp. Chicony Electronics Co., Ltd. ASE Technology Holding Co., Ltd. Delta Electronics, Inc. Synnex Technology International Corporation BizLink Holding Inc. Formosa Plastics Corporation	- - The chairman of the investor is the chairman of the legal representative of the investee The investor and the investee have the same chairman The investor and the investee have the same chairman The investor is the corporate director of the investee The chairman of the investor is the vice-chairman of the investee - - - - The investor is the corporate supervisor of the investee The chairman of the investor is the chairman of the legal representative of the investee - - - - - - - - - - -	Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current	11,443,000 10,000,000 31,034,372 80,052,950 63,766,522 22,801,185 82,595,754 9,725,272 49,928 15,873,243 598,121 1,551,395 555,638 250,003 5 145,000 6,899,000 380,000 1,900,000 1,270,000 530,000 2,360,000 530,000 1,020,000	$ 1,462,796 311,100 1,908,614 1,785,181 1,437,935 1,023,773 863,126 542,087 307,741 70,914 21,185 15,374 10,681 3,902 - 4,045,229 226,080 220,400 146,300 138,430 133,560 123,192 118,455 115,770	0.63 - 0.95 5.65 7.20 9.17 2.35 1.16 4.99 5.70 0.20 1.36 0.53 0.38 0.50 - - - 0.25 0.03 0.02 0.14 0.40 0.02	$ 1,462,796 311,100 1,908,614 1,785,181 1,437,935 1,023,773 863,126 542,087 307,741 70,914 21,185 15,374 10,681 3,902 - 4,045,229 226,080 220,400 146,300 138,430 133,560 123,192 118,455 115,770

(Continued)

73 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		September	30, 2021		Note
				Shares or Units	Carrying Amount	Percentage of Ownership (%)	Fair Value
DCI NHC	Taiwan Cement Co., Ltd. Yuanta Global NexGen Communication Innovative Technology ETF Yuanta Global NextGen Communications ETF Chin-Poon Corporation Tong Hsing Electronic Industries, Ltd. TCI Co., Ltd. Polaris Taiwan Top 50 Tracker Fund TungThih Electronic Co., Ltd Industrial and Commercial Bank of China, A share Hsing Ta Cement Co., Ltd. China Mobile Communications Corporation China AMC CSI 300 Index ETF Chunghwa Picture Tubes, Ltd. Far Eastern International Bank Mega Financial Holding Co., Ltd. Tripod Technology Corporation Far EasTone Oriental Union Chemical Corp. Far Eastern International Bank Far Eastern International Leasing Corporation Far Eastern Department Stores Ltd. Oriental Union Chemical Corp. CHC Resources Corporation Ding Ding Hotel Corp. Picvue Electronics Co., Ltd. Far EasTone	- - - - - - - - - - - - - The chairman of the investor’s ultimate parent company is the vice-chairman of the investee - - The chairman of the investor’s ultimate parent company is the chairman of the legal representative of the investee The investor’s ultimate parent company and the investee have the same chairman The chairman of the investor’s ultimate parent company is the vice-chairman of the investee The investor is the corporate director of the investee The investor’s ultimate parent company and the investee have the same chairman The investor’s ultimate parent company and the investee have the same chairman The major shareholder of the investor is the corporate director of the investee The chairman of the investor’s ultimate parent company is the chairman of the legal representative of the investee - The chairman of the investor’s ultimate parent company is the chairman of the legal representative of the investee	Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through profit or loss-current	2,191,654 3,617,000 3,420,000 3,150,000 300,000 245,000 400,000 250,000 2,000,000 1,609,854 210,000 160,000 275,223 39,469,455 9,958,000 1,700,000 215,000 41,246 102,031,578 45,258,938 13,630,966 10,506,792 4,812,514 213,442 161,700 50,000	$ 111,774 105,074 98,667 91,823 67,800 55,738 54,820 43,375 39,951 35,980 34,962 33,985 - 412,456 319,154 189,550 13,223 930 1,066,230 602,813 303,971 236,928 216,082 4,103 - 3,075	0.04 - - 0.79 0.17 0.21 - 0.29 - 0.47 - 0.06 - 1.12 0.07 0.32 0.01 - 2.90 10.14 0.96 1.19 1.94 0.21 0.06 -	$ 111,774 105,074 98,667 91,823 67,800 55,738 54,820 43,375 39,951 35,980 34,962 33,985 - 412,456 319,154 189,550 13,223 930 1,066,230 602,813 303,971 236,928 216,082 4,103 - 3,075	Note 3

(Continued)

74 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		September	30, 2021		Note
				Shares or Units	Carrying Amount	Percentage of Ownership (%)	Fair Value
YTRMC FMT FMT FDT AEE YLPPC AIC	Far EasTone Everest Textile Co., Ltd. Oriental Union Chemical Corp. Yi Tong Fiber Co., Ltd. Far Eastern Department Stores Ltd. Far Eastern International Bank Oriental Union Chemical Corp. Far Eastern Department Stores Ltd. Ding & Ding Management Consultants Co., Ltd. Far EasTone Ding & Ding Management Consultants Co., Ltd. Far EasTone Yamay International Development Corp. Grand Power Fund Yuanta/P-shares Taiwan Dividend Plus ETF Taiwan Semiconductor Manufacturing Corp. Hon Hai Precision Industry Co., Ltd. Chicony Electronics Co., Ltd. ASE Technology Holding Co., Ltd. Delta Electronics, Inc. Hsing Ta Cement Co., Ltd. Synnex Technology International Corporation BizLink Holding Inc. Formosa Plastics Corporation	The chairman of the investor’s ultimate parent company is the chairman of the legal representative of the investee The chairman of the investor’s major shareholder is the chairman of the legal representative of the investee The investor’s ultimate parent company and the investee have the same chairman - The investor’s ultimate parent company and the investee have the same chairman The chairman of the investor’s ultimate parent company is the vice-chairman of the investee The investor’s ultimate parent company and the investee have the same chairman The investor’s ultimate parent company and the investee have the same chairman The investor is the corporate supervisor of the investee The chairman of the investor’s ultimate parent company is the chairman of the legal representative of the investee The investor is the corporate director of the investee The chairman of the investor’s ultimate parent company is the chairman of the legal representative of the investee - - - - - - - - - - - -	Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through profit or loss-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current	230,000 18,314,020 2,256,782 5,256,454 1,185,713 309,966 3,254,125 935,029 2,053,530 120,000 646,873 105,000 15 122,000 6,906,000 380,000 1,720,000 1,900,000 1,270,000 530,000 5,881,650 2,360,000 530,000 1,020,000	$ 14,145 184,972 50,890 41,691 26,441 3,239 73,381 20,851 8,376 7,380 900 6,458 - 3,402,182 226,310 220,400 180,600 146,300 138,430 133,560 131,455 123,192 118,455 115,770	- 2.64 0.25 5.94 0.08 0.01 0.37 0.07 16.00 - 5.04 - - - - - 0.01 0.25 0.03 0.02 1.72 0.14 0.40 0.02	$ 14,145 184,972 50,890 41,691 26,441 3,239 73,381 20,851 8,376 7,380 900 6,458 - 3,402,182 226,310 220,400 180,600 146,300 138,430 133,560 131,455 123,192 118,455 115,770

(Continued)

75 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		September	30, 2021		Note
				Shares or Units	Carrying Amount	Percentage of Ownership (%)	Fair Value
AIC Asia Cement Explorer Investment Ltd. Asia Cement Pioneer Investment Ltd. Asia Cement Pioneer II Investment Ltd. Asia Cement Pioneer III Investment Ltd. Asia Cement Pioneer IV Investment Ltd.	Yuanta Global NexGen Communication Innovative Technology ETF Yuanta Global NextGen Communications ETF Chin-Poon Corporation China AMC CSI 300 Index ETF TCI Co., Ltd. China Mobile Communications Corporation Tong Hsing Electronic Industries, Ltd. China Construction Bank Corporation, A share TungThih Electronic Co., Ltd Nan Ya Plastics Corporation Tripod Technology Corporation Far EasTone Inventec Corporation China Life Insurance Company Limited, H share Far Eastern International Bank Ding Shen Investment Co., Ltd. Far Eastern Department Stores Ltd. Oriental Union Chemical Corp. Hsin Nan Construction Co., Ltd. Fides Global Fund SPC-Innovation SP3 Fides Global Fund SPC-Innovation SP3 Cementon Micronesia L.L.C. Fides Global Fund SPC-Innovation SP3 Fides Global Fund SPC-Innovation SP3 Fides Global Fund SPC-Innovation SP3	- - - - - - - - - - - The chairman of the investor’s ultimate parent company is the chairman of the legal representative of the investee - - The chairman of the investor’s ultimate parent company is the vice-chairman of the investee The investor is the corporate director of the investee The investor’s ultimate parent company and the investee have the same chairman The investor’s ultimate parent company and the investee have the same chairman - - - - - - -	Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current	3,700,000 3,420,000 3,150,000 380,000 330,000 448,000 300,000 2,500,000 222,000 3,286,000 1,700,000 1,426,303 2,882,000 600,000 141,518,058 40,328,640 11,361,972 1,552,156 2,696 10,000 10,000 100 10,000 10,000 10,000	$ 107,485 98,667 91,823 80,714 75,075 74,585 67,800 63,977 38,517 300,669 189,550 87,718 74,356 27,191 1,478,864 430,710 253,372 35,001 - 278,039 278,039 108,420 278,039 278,039 278,039	- - 0.79 0.14 0.28 - 0.17 - 0.26 0.04 0.32 0.04 0.08 - 4.03 18.00 0.80 0.18 - - - 10.00 - - -	$ 107,485 98,667 91,823 80,714 75,075 74,585 67,800 63,977 38,517 300,669 189,550 87,718 74,356 27,191 1,478,864 430,710 253,372 35,001 - 278,039 278,039 108,420 278,039 278,039 278,039	Note 4

(Continued)

76 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		September	30, 2021		Note
				Shares or Units	Carrying Amount	Percentage of Ownership (%)	Fair Value
AC Mega Investment Ltd. AC Mega II Investment Ltd. AC Mega III Investment Ltd. AC Mega IV Investment Ltd. AC Leap Investment Ltd. FSMS YLT YLSS KCC KCCL OCPL ACSPL	Fides Global Fund SPC-Innovation SP3 Fides Global Fund SPC-Innovation SP3 Fides Global Fund SPC-Innovation SP3 Fides Global Fund SPC-Innovation SP3 Fides Global Fund SPC-Innovation SP3 Stone Industry Resource System Corp. Polaris Taiwan Top 50 Tracker Fund Far Eastern International Bank Far EasTone Far EasTone CSOP FTSE China A50 ETF Opas Fund Segregated Portfolio Tranche C Allianz US High Yield Fund Hiap Hoe Ltd. Opas Fund Segregated Portfolio Tranche B United Emerging Markets Bond Funds United Growth Fund DBS Group Guocoland Ltd. Hong Leong Asia INTRACO Engro Corp Ltd.	- - - - - - - The chairman of the investor’s ultimate parent company is the vice-chairman of the investee The chairman of the investor’s ultimate parent company is the chairman of the legal representative of the investee The chairman of the investor’s ultimate parent company is the chairman of the legal representative of the investee - Related party in substance - - Related party in substance - - - - - - -	Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through profit or loss-current Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-noncurrent Financial assets at fair value through other comprehensive income-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current Financial assets at fair value through profit or loss-current	10,000 10,000 10,000 10,000 10,000 10,000 350,000 3,163,230 71,099 130,000 300,000 1,606 97,741 44,260 6,660 3,232,758 745,068 34,396 26,666 20,000 46,875 2,000	$ 278,039 278,039 278,039 278,039 278,039 70 47,968 33,056 4,373 7,995 18,840 104,507 18,028 577 261,086 79,060 52,037 21,254 891 332 258 51	- - - - - 0.15 - 0.09 - - - - - - - - - - - - - -	$ 278,039 278,039 278,039 278,039 278,039 70 47,968 33,056 4,373 7,995 18,840 104,507 18,028 577 261,086 79,060 52,037 21,254 891 332 258 51

(Continued)

77 -

(Concluded)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		September	30, 2021		Note
				Shares or Units	Carrying Amount	Percentage of Ownership (%)	Fair Value
ACCHC	Opas Fund Segregated Portfolio Tranche B Wynn Fortune Global Limited Prime Harbour Holdings Limited Sino Horizon International Limited	Related party in substance - - -	Financial assets at fair value through profit or loss-current Financial assets at amortized cost-current Financial assets at amortized cost-current Financial assets at amortized cost-current	7,308 790 790 700	$ 278,000 2,196,199 2,196,199 1,945,999	- - - -	$ 278,000 2,196,199 2,196,199 1,945,999	Note 5 Note 5 Note 5

Note 1: Marketable securities in this table are shares, bonds, beneficiary certificates and securities derived from these items under IFRS 9 “Financial Instruments: Recognition and Measurement”.

Note 2: The carrying amounts of financial instruments measured at fair values are adjusted for fair value less accumulated impairment loss; the carrying amounts of financial instruments not measured at fair values are the original cost or amortized cost less accumulated impairment loss.

Note 3: 5,000 thousand shares ($111,500 thousand) of the securities are pledged as collaterals for bank loans of DCI.

Note 4: 3,500 thousand shares ($78,050 thousand) of the securities are pledged as collaterals for bank loans of AIC.

Note 5: The price per subscription unit is US$100,000.

78 -

TABLE 4

ASIA CEMENT CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES ACQUIRED AND DISPOSED OF AT COSTS OR PRICES OF AT LEAST NT$300 MILLION OR 20% OF THE PAID-IN CAPITAL FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationship	Beginning Balance	Beginning Balance	Acquisition	Acquisition		Disposal	Disposal		Ending	Balance
					Shares/Units	Amount	Shares/Units	Amount	Shares/Units	Amount	Carrying Value	Gain (Loss) on Disposal	Shares/Units	Amount
ACCHC	Note Receivables EastPatron Limited Marble Arch Industrial Limited	Financial assets at amortized cost - current	AMC Wanhai Securities Limited AMC Wanhai Securities Limited	- -	700 (Note 1) 700 (Note 1)	$ 1,990,098 1,990,098	- -	$ - -	700 (Note 1) 700 (Note 1)	$ 1,955,730 1,955,730	$ 1,952,361 1,953,847	$ 3,369 1,883	- -	$ - -

Note 1: The price per subscription unit is US$100,000.

79 -

TABLE 5

ASIA CEMENT CORPORATION AND SUBSIDIARIES

TOTAL PURCHASE FROM OR SALE TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Purchasing or (Selling) Company Name	Related Party	Relationship		Transaction Details	Transaction Details	Transaction Details	Abnormal Transaction	Abnormal Transaction	Notes/Accounts (Payable) or Receivable	Notes/Accounts (Payable) or Receivable	Note
			Purchase (Sale)	Amount	% to Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% to Total
The Corporation YTRMC ACSPL FMT NHC YLPPC YLT YSRMC FDT JYDC YYDCCL WYDC SIYDCCL SYTCL HYDCCL	YTRMC ACSPL U-Ming YSRMC NHC U-Ming Transport (Singapore) Private Limited YLT The Corporation CHC Resources Corporation Far Eastern General Construction Inc. Alliance Concrete Singapore Pte. Ltd. The Corporation FENC Air Liquide Far Eastern Co. The Corporation Far Eastern General Construction Inc. CHC Resources Corporation The Corporation The Corporation Oriental Petrochemical (Taiwan) Corporation YYDCCL TZOCCL NYDC WYDC NYDC JYLTC RYNM JYDC JYDC SLCL SLCL HGYDC HXMC	A subsidiary of the Corporation A subsidiary of the Corporation An investee accounted for by equity method A Sub-subsidiary of the Corporation A subsidiary of the Corporation An investee accounted for by equity method A subsidiary of the Corporation Parent company Other related party Other related party An investee accounted for by equity method Parent company An investee accounted for by equity method Other related party Parent company Other related party Other related party Parent company Parent company Other related party The same ultimate parent company The same ultimate parent company A subsidiary of the Corporation The same ultimate parent company A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation The same ultimate parent company The same ultimate parent company The same ultimate parent company The same ultimate parent company The same ultimate parent company An investee accounted for by equity method	Sales Sales Sales freight expense Sales Purchase Purchase freight expense Sales freight expense Purchase Purchase Sales Sales Purchase Sales Sales Sales Sales Sales Sales Purchase Sales Sales Sales Purchase Sales Sales Sales freight expense Sales Purchase Purchase Sales Sales Purchase Purchase	$ (1,302,415) (479,179) 362,655 (192,582) 158,874 139,015 108,057 1,302,415 343,013 (265,435) (582,290) 479,179 (231,763) (114,847) (158,874) (150,685) (131,754) (108,057) 192,582 (130,033) (1,637,325) (868,849) 720,141 (497,999) (231,250) 171,410 (163,692) 1,637,325 497,999 (903,346) (146,908) 130,330 106,782	(19) (7) 5 (3) 3 2 2 19 5 (3) (85) 72 (27) (14) (47) (53) (55) (45) 23 (18) (11) (6) 7 (3) (2) 1 (1) 81 64 (13) (60) 4 3	Purchase 45 days after monthly closing Average 30 days Purchase 30 days after monthly closing Purchase 45 days after monthly closing Purchase 45 days after monthly closing Average 10 days Average 30 days Purchase 45 days after monthly closing Purchase 45 days after monthly closing Average 90 days Average 60 days Average 30 days Purchase 30 days after monthly closing Purchase 120 days after monthly closing Purchase 45 days after monthly closing Average 90 days Purchase 30 days after monthly closing Average 30 days Purchase 45 days after monthly closing Purchase 110 days after monthly closing Within 50 days Within 50 days Within 50 days Within 50 days Within 50 days Within 50 days Within 50 days Within 50 days Within 50 days Within 90 days Within 90 days Within 50 days Within 50 days	$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	$ 326,571 22,448 (56,178) 42,423 (17,016) - (21,656) (326,571) (60,259) 126,050 145,384 (22,448) 40,402 69,593 17,016 24,316 13,825 21,656 (42,423) 53,450 152,846 242,305 (112,873) 129,811 47,629 (72,333) - (152,846) (129,811) 525,769 23,078 - (16,705)	35 2 3 5 1 - (1) (20) (4) 4 88 (31) 19 33 34 21 39 61 (27) 34 7 11 (25) 6 2 (16) - (71) (77) 21 59 - (7)

(Continued)

80 -

Purchasing or (Selling) Company Name	Related Party	Relationship		Transaction Details	Transaction Details	Transaction Details	Abnormal Transaction	Abnormal Transaction	Notes/Accounts (Payable) or Receivable	Notes/Accounts (Payable) or Receivable	Note
			Purchase (Sale)	Amount	% to Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% to Total
HGYDC TZOCCL NYDC SLCL JYLTC RYNM SLCL	HYDCCL JYDC JYDC JYDC SIYDCCL JYDC JYDC SYTCL	The same ultimate parent company The same ultimate parent company Parent company Parent company The same ultimate parent company Parent company Parent company The same ultimate parent company	Sales Purchase Sales Purchase Purchase Sales Purchase Sales freight expense	$ (130,330) 868,849 (720,141) 231,250 903,346 (171,410) 163,692 146,908	(6) 100 (100) 34 26 (71) 96 3	Within 50 days Within 50 days Within 50 days Within 50 days Within 90 days Within 50 days Within 50 days Within 90 days	$ - - - - - - - -	- - - - - - - -	$ - (242,305) 112,873 (47,629) (525,769) 72,333 - (23,078)	- (93) 100 (80) (45) 82 - (3)

(Concluded)

81 -

TABLE 6

ASIA CEMENT CORPORATION AND SUBSIDIARIES

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Related Party	Relationship	Ending Balance	Turnover Rate	Overdue	Overdue	Amounts Received in Subsequent Period	Allowance for Impairment Loss
					Amount	Action Taken
The Corporation ACSPL YTRMC JYDC NYDC SIYDCCL HYDCCL JYDC HGYDC WYDC SIYDCCL OIHPL SLCL JYDC	YTRMC Alliance Concrete Singapore Pte. Ltd. Far Eastern General Construction Inc. TZOCCL YYDCCL WYDC JYDC ACCHC ACCHC ACCHC ACCHC ACCHC SYCPCL ACCHC SLCCL SHYLCP	A subsidiary of the Corporation An investee accounted for by equity method Other related party The same ultimate parent company The same ultimate parent company The same ultimate parent company Parent company Parent company Parent company Parent company Parent company Parent company The same ultimate parent company Parent company A subsidiary of the Corporation The same ultimate parent company	$ 382,461 145,384 126,050 242,305 152,846 129,811 112,873 2,577,700 1,852,314 1,286,350 1,076,847 516,925 257,482 190,846 150,190 122,297	5.26 times 5.37 times 2.37 times 6.58 times 11.27 times 4.15 times 5.99 times Note Note Note Note Note Note Note Note Note	$ - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - -	$ 131,814 - 7,720 159,280 - 119,436 - - - - - - - - - -	$ - - - - - - - - - - - - - - - -

Note: The accounts receivable from financing.

82 -

TABLE 7

ASIA CEMENT CORPORATION AND SUBSIDIARIES

NAMES, LOCATIONS, AND OTHER INFORMATION OF INVESTEES ON WHICH THE CORPORATION EXERCISES SIGNIFICANT INFLUENCE (EXCLUDING INVESTMENT IN MAINLAND CHINA) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investor Company	Investee Company	Location	Main Businesses and Products	Investment Amount	Investment Amount	Balance a	s of September 30, 2021	s of September 30, 2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				September 30, 2021	December 31, 2020	Shares	Percentage of Ownership	Carrying Value
The Corporation DCI	ACCHC FENC DCI CHP U-Ming CSCGL ACSPL AIC YDC YTRMC YYI YLSS OSC FMT FEDSDL YDLC NHC YLT AEE YLPPC EISF SIHL FEC FENC YDC CSCGL KCC Catalyst Tranche Three FSMS Catalyst Tranche Two Catalyst Tranche One U-Ming AC Leap Investment Ltd.	Cayman Taiwan Taiwan Taiwan Taiwan Cayman Singapore Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan B.V.I. Taiwan Taiwan Taiwan Cayman Hong Kong B.V.I. Taiwan B.V.I. B.V.I. Taiwan B.V.I.	Investment Textile Investment Power plant Marine transportation Investment Cement Investment Investment Ready-mixed concrete, cement - related products Investment Stainless steel Broker Transportation Retails Leasing Cement, granulated blast-furnace slag Transportation Engineering Cement - related products Iron and steel Investment Construction Textile Investment Investment Cement Investment Mining excavation, mineral processing and sales Investment Investment Marine transportation Investment	$ 13,660,637 3,459,787 2,556,033 8,501,838 510,236 4,821,008 188,277 1,212,679 2,232,220 1,042,261 911,058 2,661,240 154,207 70,174 500,000 309,049 411,106 25,012 7,895 145,061 31,463 2,898 140,138 1,263,385 289,987 872,619 36,024 236,880 112,096 112,920 123,120 27,619 831,346	$ 13,660,637 3,459,787 2,556,033 8,501,564 510,236 4,821,008 186,958 1,212,679 2,232,220 1,042,261 911,058 2,661,240 154,207 70,174 500,000 309,049 411,106 25,012 7,895 145,061 31,463 2,898 140,138 1,263,385 289,987 872,619 36,024 123,960 112,096 - 123,120 27,619 553,246	1,061,209,202 1,272,277,085 699,853,425 568,295,217 331,701,152 331,878,315 10,499,432 322,729,001 178,707,648 199,991,832 155,000,821 200,000,000 136,713,259 29,553,869 53,250,000 34,640,189 26,138,828 5,160,754 8,093,220 16,261,760 3,199,823 90,000 127,471,221 82,812,887 72,989,438 56,297,000 1,127,000 8,000 1,294,270 4,000 4,000 468,486 28,500,000	67.73 23.77 99.99 99.70 39.25 7.62 99.99 100.00 35.50 99.99 29.92 100.00 18.93 99.95 25.00 43.60 99.98 51.61 99.74 83.92 40.40 100.00 33.76 1.55 14.50 1.29 49.00 25.00 99.56 25.00 25.00 0.06 100.00	$ 48,467,019 37,832,678 14,249,371 10,336,205 9,492,258 6,732,933 4,961,869 4,512,509 3,024,830 3,184,306 2,572,654 2,198,874 1,977,978 1,520,977 636,012 374,392 309,697 265,418 165,145 118,127 84,950 52,692 4,979,693 2,437,111 1,240,629 1,141,281 444,780 240,085 123,236 112,433 106,217 30,158 1,003,790	$ 5,939,249 8,488,465 660,590 699,905 3,155,602 7,724,847 383,038 577,399 (333,439) 977,552 606,499 264,061 226,519 243,037 55,717 14,405 47,324 39,045 40,840 36,695 18,770 (935) 532,849 8,488,465 (333,439) 7,724,847 20,294 (1,658) (4,358) (3,149) (83) 3,155,602 58,716	$ 4,022,653 1,417,100 660,577 697,809 1,238,708 547,409 382,956 577,399 (124,056) 977,540 181,465 257,846 42,879 242,910 13,929 6,281 47,314 20,150 40,688 30,795 7,583 (935) Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable	A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation

(Continued)

83 -

Investor Company	Investee Company	Location	Main Businesses and Products	Investment Amount	Investment Amount	Balance a	s of September 30, 2021	s of September 30, 2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				September 30, 2021	December 31, 2020	Shares	Percentage of Ownership	Carrying Value
DCI NHC YTRMC FMT FDT AEE YLPPC AIC	AC Mega Investment Ltd. AC Mega II Investment Ltd. AC Mega III Investment Ltd. AC Mega IV Investment Ltd. CSCGL PGIC FENC U-Ming YTV YSRMC AOG FDT FENC YDEC FENC U-Ming CSCGL ACCHC U-Ming YDEC YLPCIP AOG FENC CSCGL U-Ming EISF CHP FMT FDT FSMS AEE DCI NHC YSRMC	B.V.I. B.V.I. B.V.I. B.V.I. Cayman Taiwan Taiwan Taiwan Vietnam Taiwan Guam Taiwan Taiwan Taiwan Taiwan Taiwan Cayman Cayman Taiwan Taiwan India Guam Taiwan Cayman Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan	Investment Investment Investment Investment Investment Granulated blast-furnace slag Textile Marine transportation Ready-mixed concrete Ready-mixed concrete Investment Transportation Textile Retail Textile Marine transportation Investment Investment Marine transportation Retail Tunnel lining segments Investment Textile Investment Marine transportation Iron and steel Power plant Transportation Transportation Mining excavation, mineral processing and sales Engineering Investment Cement, granulated blast-furnace slag Ready-mixed concrete	$ 810,431 546,917 546,917 762,554 282,957 36,771 15,240 1,027 201,823 69,955 236,240 30,894 28,773 160,424 31,322 1,891 266,942 50,541 38,931 20,776 8,338 66,816 405,473 556,895 77,446 15,649 376 176 110 119 116 76 78 37	$ 532,331 268,817 268,817 484,454 282,957 36,771 15,240 1,027 201,823 69,955 236,240 30,894 40,263 160,424 31,322 1,891 266,942 50,541 38,931 20,776 8,338 66,816 405,473 556,895 77,446 15,649 376 176 110 119 116 76 78 37	27,800,000 19,300,000 19,300,000 26,200,000 9,250,000 3,287,550 1,739,978 64,143 (Note) 6,995,000 (Note) 37,959,570 3,155,299 33,326,840 1,020,000 50,000 8,368,000 3,161,500 3,485,997 4,811,304 (Note) (Note) 15,430,293 31,528,000 7,796,914 660,000 45,568 5,000 9,717 5,000 6,000 6,346 5,000 5,000	100.00 100.00 100.00 100.00 0.21 31.00 0.03 0.01 100.00 69.95 95.04 99.94 0.06 26.95 0.02 0.01 0.19 0.20 0.41 3.89 99.99 4.96 0.29 0.72 0.92 8.33 0.01 0.02 0.03 0.38 0.07 - 0.02 0.05	$ 895,908 610,069 658,568 1,041,749 186,890 52,578 38,769 823 284,494 169,858 (8,657) 887,828 74,778 629,869 30,167 1,570 169,077 105,029 29,669 90,582 1,755 (461) 636,024 638,365 59,319 15,952 793 242 174 125 83 70 70 29	$ 50,104 26,270 29,837 61,499 7,724,847 10,503 8,488,465 3,155,602 7,156 121,678 (1,061) 122,278 8,488,465 125,909 8,488,465 3,155,602 7,724,847 5,939,249 3,155,602 125,909 - (1,061) 8,488,465 7,724,847 3,155,602 18,770 699,905 243,037 122,278 (4,358) 40,840 660,590 47,324 121,678	Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable	A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A subsidiary of the Corporation A sub-subsidiary of the Corporation
											(Continued)

84 -

Investor Company	Investee Company	Location	Main Businesses and Products	Investment Amount	Investment Amount	Balance a	s of September 30, 2021	s of September 30, 2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				September 30, 2021	December 31, 2020	Shares	Percentage of Ownership	Carrying Value
AIC YLT ACE ACP ACP II ACP III ACP IV Leap Mega Mega II Mega III Mega IV KCC JFTL AOG ACSPL ACCHC	YTRMC Asia Cement Pioneer Investment Ltd. Asia Cement Pioneer II Investment Ltd. Asia Cement Pioneer III Investment Ltd. Asia Cement Pioneer IV Investment Ltd. Asia Cement Explorer Investment Ltd. U-Ming CSCGL Opas Fund Segregated Portfolio Company Drive Catalyst SPC CSCGL CSCGL CSCGL CSCGL CSCGL CSCGL CSCGL CSCGL CSCGL KCCL Join Fortune Trading Ltd. Profit Enterprises Int’l Ltd. Perez-Mtec-ACC, LLC Asia Oriental Concrete, LLC ACCHC Alliance Concrete Singapore Pte. Ltd. OCPL PIHPL	Taiwan B.V.I. B.V.I. B.V.I. B.V.I. B.V.I. Taiwan Cayman Cayman Cayman Cayman Cayman Cayman Cayman Cayman Cayman Cayman Cayman Cayman Hong Kong B.V.I. Hong Kong Guam Guam Cayman Singapore Singapore B.V.I.	Ready-mixed concrete, cement - related products Investment Investment Investment Investment Investment Marine transportation Investment Investment Investment Investment Investment Investment Investment Investment Investment Investment Investment Investment Ready-mixed concrete Investment Barge transportation Ready-mixed concrete Ready-mixed concrete Investment Ready-mixed concrete Ready-mixed concrete, leasing Investment	$ 53 2,072,420 807,911 553,917 553,910 582,543 58,840 266,882 1,531 494 1,959,250 544,689 290,967 292,032 567,556 554,533 293,393 292,743 504,078 35 66,726 4,324 8,340 221,010 556,000 142,660 346,460 24,481,041	$ 53 1,794,320 529,811 275,817 275,810 304,443 58,840 266,882 1,531 494 1,959,250 544,689 290,967 292,032 567,556 554,533 293,393 292,743 504,078 36 68,552 22,222 8,529 226,019 568,600 150,290 364,990 25,035,828	$ 7,268 68,550,000 27,800,000 19,300,000 19,110,000 20,215,000 6,348,103 7,480,000 33 33 107,536,000 36,865,000 14,790,000 18,514,000 35,569,000 30,251,000 16,058,000 18,477,000 37,410,000 10,000 2,427,307 6,100,000 (Note) (Note) 63,790,798 6,000,000 17,000,000 9,379,303	- 100.00 100.00 100.00 100.00 100.00 0.75 0.17 33.00 33.00 2.47 0.85 0.34 0.43 0.82 0.70 0.37 0.42 0.86 100.00 100.00 50.00 33.00 71.68 4.07 50.00 100.00 100.00	$ 42 2,524,674 1,034,632 585,554 658,497 439,146 297,789 151,187 1,538 479 2,181,927 749,045 300,185 377,185 722,674 615,465 326,195 373,483 759,291 169,878 3,995 4,980 40 (20,486) 2,912,458 362,214 244,672 80,455,661	$ 977,552 180,369 60,718 24,084 30,633 11,913 3,155,602 7,724,847 7 1 7,724,847 7,724,847 7,724,847 7,724,847 7,724,847 7,724,847 7,724,847 7,724,847 7,724,847 17,369 670 1,339 - (1,657) 5,939,249 236,043 3,328 6,405,724	Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable	A subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation A subsidiary of the Corporation A sub-subsidiary of the Corporation A sub-subsidiary of the Corporation

Note: This is not a company limited by shares.

(Concluded)

85 -

TABLE 8

ASIA CEMENT CORPORATION AND SUBSIDIARIES

INVESTMENT IN MAINLAND CHINA FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investee Company	Main Businesses and Products	Paid-in Capital	Method of Investment (Note 2)	Accumulated Outward Remittance for Investment from Taiwan as of September 30, 2021	Remittance of Funds	Remittance of Funds	Accumulated Outward Remittance for Investment from Taiwan as of September 30, 2021	Net Income (Loss) of the Investee	% Ownership of Direct or Indirect Investment	Investment Gain (Loss) (Note 1)	Carrying Amount as of September 30, 2021	Accumulated Repatriation of Investment Income as of September 30, 2021
					Outward	Inward
SHYLCP JYDC WYDC SHYFCP OHC NYLC NYDC SIYDCCL CYCPCL JYLTC HYDCCL	It manufactures and sells ready-mixed concrete and cement - related products It manufactures and sells cement, clinker and ready-mixed concrete (including cement - related products). It manufactures and sells cement, slag powder and slag cement. It manufactures and sells ready-mixed concrete and cement - related products Investment It manufactures and sells ready-mixed concrete and cement - related products It manufactures and sells cement, slag powder and slag cement. Cement, clinker, slag powder and ready-mixed concrete (including cement - related products) It manufactures and sells ready-mixed concrete and cement - related products Transportation Cement, clinker, slag powder and ready-mixed concrete (including cement - related products)	US$15,000 (equivalent to NT$417,000 thousand) US$356,104 (equivalent to NT$9,899,691 thousand) US$36,140 (equivalent to NT$1,004,692 thousand) N/A US$204,191 (equivalent to NT$5,676,510 thousand) RMB60,000 (equivalent to NT$257,193 thousand) RMB90,000 (equivalent to NT$385,790 thousand) US$368,340 (equivalent to NT$10,239,852 thousand) US$4,100 (equivalent to NT$113,980 thousand) RMB12,500 (equivalent to NT$53,582 thousand) US$154,800 (equivalent to NT$4,303,440 thousand)	(2) (2) (2) N/A (2) (2) (2) (2) (2) (2) (2)	US$12,000 (equivalent to NT$333,600 thousand) US$143,817 (equivalent to NT$3,998,113 thousand) US$26,550 (equivalent to NT$738,090 thousand) US$1,270 (equivalent to NT$35,306 thousand) US$55,000 (equivalent to NT$1,529,000 thousand) - - US$94,594 (equivalent to NT$2,629,713 thousand) US$2,100 (equivalent to NT$58,380 thousand) - US$57,600 (equivalent to NT$1,601,280 thousand)	$ - - - - - - - - - - -	$ - - - - - - - - - - -	US$12,000 (equivalent to NT$333,600 thousand) US$143,817 (equivalent to NT$3,998,113 thousand) US$26,550 (equivalent to NT$738,090 thousand) US$1,270 (equivalent to NT$35,306 thousand) US$55,000 (equivalent to NT$1,529,000 thousand) - - US$94,594 (equivalent to NT$2,629,713 thousand) US$2,100 (equivalent to NT$58,380 thousand) - US$57,600 (equivalent to NT$1,601,280 thousand)	RMB397 (equivalent to NT$1,722 thousand) RMB879,909 (equivalent to NT$3,817,582 thousand) RMB(25,428) (equivalent to NT$(110,322) thousand) N/A RMB163,787 (equivalent to NT$710,608 thousand) RMB15,769 (equivalent to NT$68,416 thousand) RMB(6,058) (equivalent to NT$(26,283) thousand) RMB460,381 (equivalent to NT$1,997,414 thousand) RMB2,072 (equivalent to NT$8,990 thousand) RMB3,666 (equivalent to NT$15,905 thousand) RMB135,921 (equivalent to NT$589,708 thousand)	72.00 68.40 72.00 N/A 72.00 68.40 52.20 72.00 72.00 70.12 72.00	RMB286 (equivalent to NT$1,241 thousand) RMB601,858 (equivalent to NT$2,611,227 thousand) RMB(18,308) (equivalent to NT$(79,431) thousand) N/A RMB117,927 (equivalent to NT$511,639 thousand) RMB10,786 (equivalent to NT$46,796 thousand) RMB(3,162) (equivalent to NT$(13,719) thousand) RMB331,475 (equivalent to NT$1,438,141 thousand) RMB1,492 (equivalent to NT$6,473 thousand) RMB2,571 (equivalent to NT$11,155 thousand) RMB97,863 (equivalent to NT$424,589 thousand)	RMB7,882 (equivalent to NT$33,787 thousand) RMB4,365,360 (equivalent to NT$18,712,334 thousand) RMB435,643 (equivalent to NT$1,867,406 thousand) N/A RMB2,415,456 (equivalent to NT$10,353,973 thousand) RMB126,355 (equivalent to NT$541,627 thousand) RMB80,516 (equivalent to NT$345,136 thousand) RMB3,994,081 (equivalent to NT$17,120,828 thousand) RMB55,113 (equivalent to NT$236,245 thousand) RMB25,588 (equivalent to NT$109,684 thousand) RMB1,827,708 (equivalent to NT$7,834,562 thousand)	US$800 (equivalent to NT$22,240 thousand) US$50,781 (equivalent to NT$1,411,712 thousand) RMB1,050,973 (equivalent to NT$4,505,048 thousand) US$4,469 (equivalent to NT$124,238 thousand) RMB3,533 (equivalent to NT$15,144 thousand) - US$809 (equivalent to NT$22,490 thousand) - - US$27,009 (equivalent to NT$750,850 thousand) RMB499,190 (equivalent to NT$2,139,803 thousand) US$77 (equivalent to NT$2,141 thousand) - US$12,990 (equivalent to NT$361,122 thousand) RMB221,904 (equivalent to NT$951,203 thousand)

(Continued)

86 -

Investee Company	Main Businesses and Products	Paid-in Capital	Method of Investment (Note 2)	Accumulated Outward Remittance for Investment from Taiwan as of September 30, 2021	Remittance of Funds	Remittance of Funds	Accumulated Outward Remittance for Investment from Taiwan as of September 30, 2021	Net Income (Loss) of the Investee	% Ownership of Direct or Indirect Investment	Investment Gain (Loss) (Note 1)	Carrying Amount as of September 30, 2021	Accumulated Repatriation of Investment Income as of September 30, 2021
					Outward	Inward
CYSPC SYCPCL SYTCL YYDCCL HGYDC HYTCL WYCPCL WYXC HZYCCL HXMC WAMTC TZOCCL SLCL SLCCL	Slag powder It manufactures and sells ready-mixed concrete and cement - related products Transportation Cement, slag powder and ready-mixed concrete (including cement - related products) Cement, clinker, slag powder and ready-mixed concrete (including cement - related products) Transportation It manufactures and sells ready-mixed concrete and cement - related products Cement, clinker, slag powder and ready-mixed concrete (including cement - related products) It manufactures and sells ready-mixed concrete and cement - related products Production and sales of limestone Marine transportation Cement - related products Cement, clinker, slag powder and ready-mixed concrete (including cement - related products) Cement - related products	N/A US$3,300 (equivalent to NT$91,740 thousand) US$3,500 (equivalent to NT$97,300 thousand) US$35,530 (equivalent to NT$987,734 thousand) US$86,170 (equivalent to NT$2,395,526 thousand) RMB13,000 (equivalent to NT$55,725 thousand) RMB60,000 (equivalent to NT$257,193 thousand) RMB90,000 (equivalent to NT$385,790 thousand) RMB30,000 (equivalent to NT$128,597 thousand) RMB10,000 (equivalent to NT$42,866 thousand) RMB35,500 (equivalent to NT$152,173 thousand) US$16,000 (equivalent to NT$444,800 thousand) RMB600,000 (equivalent to NT$2,571,930 thousand) RMB20,000 (equivalent to NT$85,731 thousand)	N/A (2) (2) (2) (2) (2) (2) (2) (2) (2) (2) (2) (2) (2)	US$980 (equivalent to NT$27,244 thousand) US$2,970 (equivalent to NT$82,566 thousand) US$3,150 (equivalent to NT$87,570 thousand) US$15,849 (equivalent to NT$440,602 thousand) US$15,350 (equivalent to NT$426,730 thousand) - - - - - - - - -	$ - - - - - - - - - - - - - -	$ - - - - - - - - - - - - - -	US$980 (equivalent to NT$27,244 thousand) US$2,970 (equivalent to NT$82,566 thousand) US$3,150 (equivalent to NT$87,570 thousand) US$15,849 (equivalent to NT$440,602 thousand) US$15,350 (equivalent to NT$426,730 thousand) - - - - - - - - -	N/A RMB14,871 (equivalent to NT$64,519 thousand) RMB584 (equivalent to NT$2,534 thousand) RMB24,261 (equivalent to NT$105,259 thousand) RMB63,996 (equivalent to NT$277,654 thousand) RMB(1,047) (equivalent to NT$(4,543) thousand) RMB(32,880) (equivalent to NT$(142,653) thousand) RMB15,393 (equivalent to NT$66,784 thousand) RMB340 (equivalent to NT$1,475 thousand) RMB6,742 (equivalent to NT$29,251 thousand) RMB7,186 (equivalent to NT$31,177 thousand) RMB9,909 (equivalent to NT$42,991 thousand) RMB111,366 (equivalent to NT$483,174 thousand) RMB(1,264) (equivalent to NT$(5,484) thousand)	N/A 72.00 72.00 72.00 72.00 72.00 72.00 64.79 28.80 28.80 34.20 72.00 72.00 72.00	N/A RMB10,707 (equivalent to NT$46,453 thousand) RMB420 (equivalent to NT$1,822 thousand) RMB17,468 (equivalent to NT$75,787 thousand) RMB46,077 (equivalent to NT$199,910 thousand) RMB(754) (equivalent to NT$(3,271) thousand) RMB(23,674) (equivalent to NT$(102,712) thousand) RMB9,651 (equivalent to NT$41,872 thousand) RMB98 (equivalent to NT$425 thousand) RMB1,820 (equivalent to NT$7,896 thousand) RMB2,392 (equivalent to NT$10,378 thousand) RMB6,778 (equivalent to NT$29,407 thousand) RMB78,683 (equivalent to NT$341,375 thousand) RMB(910) (equivalent to NT$(3,948) thousand)	N/A RMB12,880 (equivalent to NT$55,211 thousand) RMB33,616 (equivalent to NT$144,097 thousand) RMB295,999 (equivalent to NT$1,268,815 thousand) RMB975,261 (equivalent to NT$4,180,505 thousand) RMB12,867 (equivalent to NT$55,155 thousand) RMB46,376 (equivalent to NT$198,793 thousand) RMB246,553 (equivalent to NT$1,056,862 thousand) RMB15,002 (equivalent to NT$64,307 thousand) RMB10,650 (equivalent to NT$45,652 thousand) RMB34,272 (equivalent to NT$146,909 thousand) RMB74,036 (equivalent to NT$317,359 thousand) RMB1,647,728 (equivalent to NT$7,063,068 thousand) RMB(17,131) (equivalent to NT$(73,433) thousand)	- - US$992 (equivalent to NT$27,578 thousand) US$1,016 (equivalent to NT$28,245 thousand) RMB31,173 (equivalent to NT$133,625 thousand) US$1,837 (equivalent to NT$51,069 thousand) RMB132,908 (equivalent to NT$569,717 thousand) - - - - - - - - -

(Continued)

87 -

Investee Company	Main Businesses and Products	Main Businesses and Products	Paid-in Capital	Method of Investment (Note 2)	Accumulated Outward Remittance for Investment from Taiwan as of September 30, 2021	Remittance of Funds	Remittance of Funds	Accumulated Outward Remittance for Investment from Taiwan as of September 30, 2021	Net Income (Loss) of the Investee	% Ownership of Direct or Indirect Investment	Investment Gain (Loss) (Note 1)	Carrying Amount as of September 30, 2021	Accumulated Repatriation of Investment Income as of September 30, 2021
						Outward	Inward
YDES RYNM JRYNM	Wholesale of chemical products and machinery equipment, design and development of computer software and network technology Building materials, products and construction waste Mineral resource mining, port management, waterway general goods transportation and construction		RMB1,763,425 (equivalent to NT$7,559,009 thousand) RMB2,000 (equivalent to NT$8,573 thousand) RMB10,000 (equivalent to NT$42,866 thousand)	(2) (2) (2)	- - -	$ - - -	$ - - -	- - -	RMB(25,747) (equivalent to NT$(111,706) thousand) RMB79,294 (equivalent to NT$344,026 thousand) RMB(457) (equivalent to NT$(1,983) thousand)	28.80 68.40 30.78	RMB(7,415) (equivalent to NT$(32,171) thousand) RMB54,237 (equivalent to NT$235,313 thousand) RMB(141) (equivalent to NT$(612) thousand)	RMB494,658 (equivalent to NT$2,120,376 thousand) RMB58,866 (equivalent to NT$252,332 thousand) RMB2,937 (equivalent to NT$12,590 thousand)	- - -
											ere included in Accumulated Outward Remittance for Investment in Mainland
Accumulated Outward Remittance for Investment in Mainland China as of September 30, 2021		Investment Amounts Authorized by Investment Commission, MOEA			Upper Limit on the Amount of Investment Stipulated by Investment Commission, MOEA
US$648,051 (Note 3) (equivalent to NT$18,015,818 thousand)		US$2,284,279 (equivalent to NT$63,502,956 thousand)			(Note 4)

Note 4: The Corporation obtained certificate No. 10920439220 from Industrial Development Bureau, Ministry of Economic Affairs, according to the “Regulations Governing the Approval of Investment or Technical Cooperation in Mainland China”, the accumulation of fund is not limited.

Note 5: The foreign currency amounts of original investment amount and carrying value are expressed in New Taiwan dollars at exchange rate as of September 30, 2021 the foreign currency amount of net income is expressed in New Taiwan dollars at average exchange rate for the nine months ended September 30, 2021.

(Concluded)

88 -

TABLE 9

ASIA CEMENT CORPORATION AND SUBSIDIARIES

BUSINESS RELATIONSHIP AND SIGNIFICANT INTERCOMPANY TRANSACTIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 (In Thousands of New Taiwan Dollars)

Number	Company Name	Counterparty	Relationship (Note)	Transaction Details	Transaction Details		% to Total Revenue or Assets
				Financial Statement Account	Amount	Transaction Terms
0	The Corporation	YTRMC ACSPL YSRMC	1 1 1 1	Sales Accounts receivable Sales Sales	$ 1,359,364 382,461 479,179 192,582	Based on regular terms Based on regular terms Based on regular terms Based on regular terms	2 - 1 -
1	NHC	The Corporation	2	Sales	158,874	Based on regular terms	-
2	YLT	The Corporation	2	Sales	108,057	Based on regular terms	-
3	ACCHC	PIHPL	1	Dividends receivable	1,784,184	Based on regular terms	1
4	PIHPL	ACIHPL OIHPL	1 1	Dividends receivable Dividends receivable	942,368 841,817	Based on regular terms Based on regular terms	- -
5	ACIHPL	JYDC	1	Dividends receivable	1,983,932	Based on regular terms	1
6	OIHPL	SIYDCCL ACCHC YYDCCL	1 2 1	Dividends receivable Other receivables Dividends receivable	1,609,858 190,846 162,388	Based on regular terms Based on regular terms Based on regular terms	1 - -
7	OHC	JYDC SIYDCCL	3 3	Dividends receivable Dividends receivable	233,404 178,873	Based on regular terms Based on regular terms	- -
8	SIYDCCL	ACCHC SLCL SYCPCL	2 1 1 3	Other receivables Sales Accounts receivable Other receivables	2,577,700 903,346 525,769 257,482	Based on regular terms Based on regular terms Based on regular terms Based on regular terms	1 1 - -
9	HYDCCL	ACCHC	2	Other receivables	1,852,314	Based on regular terms	1

(Continued)

89 -

Number	Company Name	Counterparty	Relationship (Note)	Transaction Details	Transaction Details		% to Total Revenue or Assets
				Financial Statement Account	Amount	Transaction Terms
10	JYDC	YYDCCL ACCHC TZOCCL WYDC NYDC RYNM SHYLCP	3 3 2 3 3 3 3 1 1 3	Sales Accounts receivable Other receivables Sales Accounts receivable Sales Accounts receivable Sales Sales Other receivables	$ 1,637,325 152,846 1,286,350 868,849 242,305 497,999 129,811 231,250 163,692 122,297	Based on regular terms Based on regular terms Based on regular terms Based on regular terms Based on regular terms Based on regular terms Based on regular terms Based on regular terms Based on regular terms Based on regular terms	3 - - 1 - 1 - - - -
11	HGYDC	ACCHC HYDCCL	2 3	Other receivables Sales	1,076,847 130,330	Based on regular terms Based on regular terms	- -
12	NYDC	JYDC	2 2	Sales Accounts receivable	720,141 112,873	Based on regular terms Based on regular terms	1 -
13	WYDC	ACCHC	2	Other receivables	516,925	Based on regular terms	-
14	SYTCL	SLCL	3	Sales	146,908	Based on regular terms	-
15	RYNM	JYDC	2	Prepayment	269,395	Based on regular terms	-
16	JYLTC	JYDC	2	Sales	171,410	Based on regular terms	-
17	SLCL	SLCCL	1	Other receivables	150,190	Based on regular terms	-

Note: 1. Parent to subsidiary.
Subsidiary to parent.
Between subsidiaries.

(Concluded)

90 -

TABLE 10

ASIA CEMENT CORPORATION AND SUBSIDIARIES

INFORMATION OF MAJOR SHAREHOLDERS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021

Name of Major Shareholder	Shares	Shares
	Number of Shares	Percentage of Ownership (%)
FENC Far Eastern Medical Foundation	750,511,324 181,566,797	21.17 5.12

Note: The information of major shareholders presented in this table is provided by the Taiwan Depository & Clearing Corporation based on the number of ordinary shares and preferred shares held by shareholders with ownership of 5% or greater, that have been issued without physical registration (including treasury shares) by the Corporation as of the last business day for the current quarter. The share capital in the parent company only financial statements may differ from the actual number of shares that have been issued without physical registration because of different preparation basis.

91 -

AI assistant

ACC — Interim / Quarterly Report 2021

51736_rns_2021-11-15_4993b00f-238f-4364-a2ba-055b22e81a2a.pdf

Asia Cement Corporation and Subsidiaries

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

ASIA CEMENT CORPORATION AND SUBSIDIARIES

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

ASIA CEMENT CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands of New Taiwan Dollars)

ASIA CEMENT CORPORATION AND SUBSIDIARIES

1. ORGANIZATION AND OPERATIONS

2. APPROVAL OF FINANCIAL STATEMENTS

3. APPLICATION OF NEW, AMENDED AND REVISED STANDARDS AND INTERPRETATIONS

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

b. Basis of preparation

Principles for preparing consolidated financial statements

d. Other significant accounting policies

2) Taxation

5. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

6. CASH AND CASH EQUIVALENTS

7. FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT

8. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

9. FINANCIAL ASSETS AT AMORTIZED COST

10. TRADE RECEIVABLES

Trade Receivables - Sales

September 30, 2021

11. FINANCE LEASE RECEIVABLES

12. INVENTORIES

13. SUBSIDIARIES

a. Subsidiaries included in the consolidated financial statements

14. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

15. PROPERTY, PLANT AND EQUIPMENT

16. LEASE ARRANGEMENTS

c. Material lease-in activities and terms

d. Other lease information

17. INVESTMENT PROPERTIES

18. INTANGIBLE ASSETS - GOODWILL

19. INTANGIBLE ASSETS - OTHERS

20. OTHER NON-CURRENT ASSETS

21. SHORT-TERM BORROWINGS

22. SHORT-TERM BILLS PAYABLE

23. LONG-TERM LIABILITIES

1) Final redemption

24. DEFERRED REVENUE

25. PROVISIONS

26. RETIREMENT BENEFIT PLANS

a. Defined contribution plans

b. Defined benefit plans

27. EQUITY

a. Share capital

1) Ordinary shares

4) Gains on property revaluation

f. Non-controlling interests

28. OPERATING REVENUE

a. Revenue from contracts with customers

29. NET PROFIT

a. Other income

b. Other gains and losses

d. Depreciation and amortization

30. INCOME TAXES RELATING TO CONTINUING OPERATIONS

31. EARNINGS PER SHARE

Unit: NT$ Per Share

Net Profit for the Period

32. EQUITY TRANSACTIONS WITH NON-CONTROLLING INTERESTS

33. FINANCIAL INSTRUMENTS

September 30, 2020

c. Categories of financial instruments

1) Market risk

a) Foreign currency risk

ACC Interim / Quarterly Report 2021