Alchip - AGM Information 2024 | FinancialReports.eu

�� Alchip Technologies, Ltd.

�� 113 �� Minutes of 2024 Annual General Meeting

��

Time: 09:00 a.m. on Thursday, May 30, 2024

�� 168 � 3 � ( �� )

Venue: 3F, No. 168, Jingye 4[th] Rd., Zhongshan Dist., Taipei City (Grand Victoria Hotel)

��

The means of Shareholders meeting: Physical Shareholders meeting

�� 58,318,192 ��
[ �� 78,935,195 �� 73.88% � ]

Shareholding of presenting shareholders and shareholders by proxy was 58,318,192 shares. [Representing 73.88 % of 78,935,195 shares issued.]

�� : ��

�� : Mr. Johnny Shyang-Lin Shen

�� : �� : �� : ��

Present Board members: Chairman: Mr. Kinying Kwan Director: Mr. Johnny Shyang-Lin Shen Director: Mr. Daniel Wang Audit Committee Convenor: Mr. Mao-Wei Hung Independent Director: Mr. Binfu Chuang

�� Attendees: CPA: Ms. Janice Wang Attorney-at-law: Mr. Mark Tu

� ��

Chairman: Mr. Kinying Kwan, Chairman of the Board of Directors

��

Recorder: Hsiao Ping Liao

��

The Chairman of the Meeting announced that the aggregate shareholding of the shareholders present in person or by proxy constituted a quorum. The Chairman called the meeting to order.

�� [ � ]

Chairman’s Address (Omitted)

�� Report Items

��

�� 112 ��

Report No.1 �

The Business Report of 2023. Explanation:

Please refer to Exhibit I for 2023 Business Report of the Company.

��

�� 112 ��
��

Report No.2 �

Audit Committee’s Review Report on 2023 Consolidated Financial Statements. Explanation:

Please refer to Exhibit II for Audit Committee’s Review Report.

��

��
�� 34.1 �� 1% �� 2% ��
�� 6,000,000 �� 1,250,000 ��

Report No.3 �

Distribution of Compensation and Remuneration to Employees and Directors of the Company. Explanation:

In accordance with the Article 34.1 of the Memorandum and Articles of Association of the Company, the Company shall set aside no less than 1% of its annual profits as bonus to employees of the Company and set side no more than 2% of its annual profits as bonus to Directors. The annual profits specified in the Article refers to the annual income before tax and before bonuses are set aside for employees and Directors.
The Company proposes to distribute US$6,000,000 to employees and US$1,250,000 to Directors in cash.

��

�� 112 ��
�� 112 ��
�� 112 � 6 � 9 �� 5,000,000 ��
�� 113 � 5 � 14 � �� 3,395,463 ��

Report No. 4

2023 Private Placement of Common Shares Processing Status Report. Explanation:

Please refer to Exhibit III for the first and second of Processing Status Report for 2023 Private Placement of Common Shares.
Issuing no more than 5,000,000 common shares in one or two times within one year from the date of the resolution reached in the shareholders meeting on June 9, 2023. After the second private placement on May 14,2024, the remaining number of ordinary shares for private placement is 3,395,463 shares. Since there is no plan to continue the private placement of ordinary shares within the issurance period, the said private placement will not be continued.

�� Proposed Resolutions

��

�� 112 ��

�� 112 ��
�� 112 ��
�� 112 ��
�� :

�� : 58,313,192 �

��: ��: 58,313,192�
��	��%
��51,619,764� (��49,121,684 �)	88.52 %
��27,833� (��27,833 �)	0.04 %
��6,665,595� (��6,623,632�)	11.43 %

��

Proposal No.1 � Proposed by the Board of Directors

2023 Business Report and the Consolidated Financial Statements for the year ended December 31, 2023 of the Company.

Explanation:

(1) Please refer to Exhibit I for 2023 Business Report of the Company.
(2) The Company’s 2023 Consolidated Financial Statements, including Balance Sheet, Statements of Comprehensive Income, Statements of Changes in Equity and Statements of Cash flows, were audited by independent auditors, Ms. Yi-Wen Wang and Ms. Li-Chun Chang of Deloitte & Touche.
(3) Please refer to Exhibit IV for the independent auditors’ audit report and the above-mentioned Consolidated Financial Statements.

Resolutions: The voting results are shown below.

Shares present at the time of voting: 58,313,192.

idated Financial Statements. s: The voting results are shown below. sent at the time of voting: 58,313,192.
VotingResults*	% of the total represented share present
Approval votes: 51,619,764 votes (49,121,684 votes)	88.52 %
Disapproval votes: 27,833 votes (27,833 votes)	0.04 %
Abstention votes/no votes: 6,665,595 votes (6,623,632 votes)	11.43 %

*Including votes casted electronically (numbers in brackets).

RESOLVED, that 2023 Business Report and the Consolidated Financial Statements be and hereby were accepted as submitted.

No question was raised by Shareholder.

��

�� 112 ��

�� 112 �� 113 � 3 � 1 ��
��
�� / ��

	��	��

	Alchip Technologies, Limited 112 ��		�� 95,821,246 106,729,876 202,551,122 (56,300,842) 146,250,280
	112 ��		95,821,246
	��		106,729,876
	��		202,551,122
	��
	��(��0.71908�)		(56,300,842)
	112 ��		146,250,280

: 1. �� 113 � 1 � 31 �� 78,295,706 ��
�� 113 � 3 � 1 �� 0.71908 �� ( �� 22.71 � ) �� 113 � 2 � 29 ��
��
�� :

�� : 58,313,192 �

�� ��: ��: 58,313,192�
��	��%
��51,659,038� (��49,160,958 �)	88.58 %
��16,121� (��16,121 �)	0.02 %
��6,638,033� (��6,596,070 �)	11.38 %

��

Proposal No.2 � Proposed by the Board of Directors

2023 Profit Distribution Proposal.

Explanation:

(1) The Board has adopted a proposal for 2023 Profit Distribution on March 1, 2024 in accordance with the Memorandum and Articles of Association of the Company. Please refer to 2023 Profit Distribution table below.
(2) Upon the approval of the Annual Meeting of Shareholders, it is proposed that the Board of Directors be authorized to resolve the ex-dividend date, and other relevant issues.
(3) In the event that, before the distribution record date, the proposed profit distribution is affected by an amendment to relevant laws or regulations, a request by the competent authorities, or a buyback of shares or employee stock options exercise, it is proposed that the Board of Directors be authorized to adjust the cash to be distributed to each share based on the number of actual shares outstanding on the record date for distribution.

	Alchip Technologies, Limited Profit Distribution Table Year 2023 (Unit:USD) 2023 Beginning retained earnings 95,821,246 Net profit aftertax 106,729,876 Distributable net profit 202,551,122 Distribution item Dividend to shareholder(US$0.71908 pershare) (56,300,842) 2023 Unappropriatedretained earning 146,250,280

Note: 1. The calculation of the dividend per share is based on the total number of outstanding shares which were 78,295,706 shares as of January 31, 2024. The price of actual dividend per share will be calculated on the Record date for the distribution. The total amount of dividend is fixed.
On March 1, 2024, the Board has resolved to issue to shareholders a dividend of US$0.71908 (converted into NT$22.71) per share. This foreign exchange rate is based on the spot rate set by Bank of Taiwan on February 29, 2024. The actual dividend should be subject to the exchange rate of conversion upon the receipt of the dividend by the Company’s stock agent. The cash dividend will round down to the nearest NT Dollar. The amounts under one NT dollar due to the rounding off are summed and recognized as the Company’s other income.

Resolutions: The voting results are shown below. Shares present at the time of voting: 58,313,192.

Voting Results*	% of the total represented share present
Approval votes: 51,659,038 votes (49,160,958 votes)	88.58 %
Disapproval votes: 16,121 votes (16,121 votes)	0.02 %
Abstention votes/no votes: 6,638,033 votes (6,596,070 votes)	11.38 %

*Including votes casted electronically (numbers in brackets).

RESOLVED, that 2023 Profit Distribution Proposal be and hereby was accepted as submitted.

� �� : ( �� :911)

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�� : ��

Shareholder’s question: (Shareholder Account No: 911)

Will Alchip issue stock dividends or split the stock?

CFO: Both stock dividends and stock splits have been discussed internally. Given the scale of operation, the company hopes to maintain a small but efficient structure regarding stock dividends. As for the stock split, we have not ruled out the possibility.

�� Discussion Items

��

��
��
�� :

�� : 58,313,192 �

�� ��: ��: 58,313,192�
��	��%
��51,518,948� (��49,020,868 �)	88.34 %
��145,022� (��145,022 �)	0.24 %
��6,649,222� (��6,607,259 �)	11.40 %

��

Discussion No.1 � Proposed by the Board of Directors

Amendments to the Rules of Procedures for Shareholders Meetings. Please proceed to discuss. Explanation:

It is proposed that the Rules of Procedures for Shareholders Meetings of the Company be amended and

approved in order to comply with the relevant laws and regulations and the needs of commercial practice. Please refer to Exhibit V for details.

Resolutions: The voting results are shown below. Shares present at the time of voting: 58,313,192.

Voting Results*	% of the total represented share present
Approval votes: 51,518,948 votes (49,020,868 votes)	88.34 %
Disapproval votes: 145,022 votes (145,022votes)	0.24 %
Abstention votes/no votes: 6,649,222 votes (6,607,259 votes)	11.40 %

*Including votes casted electronically (numbers in brackets).

RESOLVED, that the amendments to the Rules of Procedures for Shareholders Meetings of the Company be and hereby were accepted as submitted.

No question was raised by Shareholder.

��
��
�� 30.4 ��
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�� :

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��	��	� ��
��	��	� ��

�� :

�� : 58,313,192 �

��: ��: 58,313,192�
��	��%
��48,568,183� (��46,070,103 �)	83.28 %
��39,533� (��39,533 �)	0.06 %
��9,705,476� (��9,663,513 �)	16.64 %

��

Discussion No.2 � Proposed by the Board of Directors

Release the Prohibition on Director from Participation in Competitive Business. Please proceed to discuss. Explanation:

(1) In accordance with the Article 30.4 of the Memorandum and Articles of Association of the Company,

a Director who engages in conduct either for himself or on behalf of another person within the scope of the Company's business, shall disclose to Members, at a general meeting prior to such conduct, a summary of the major elements of such interest and obtain the ratification of the Members at such general meeting by a Supermajority Resolution vote.

(2) Since the Director of the Company may engage in conduct within the scope of the Company’s business, it is proposed to Annual General Meeting to release the prohibition on Director who hold concurrent position in other companies from participation in competitive business without prejudice to the Company’s interests.
(3) Please refer to the table below for the Director’s position holding in other companies.

Position	Name	Position holdinginothercompanies
Director	Daniel Wang	� Directorofthe Company’s subsidiaryin Malaysia
Independent Director	Mao-Wei Hung	� Independent Director of Power Master Energy Co., Ltd.

Resolutions: The voting results are shown below.

Shares present at the time of voting: 58,313,192.

lutions: The voting results are shown below. s present at the time of voting: 58,313,192.
Voting Results*	% of the total represented share present
Approval votes: 48,568,183 votes (46,070,103 votes)	83.28 %
Disapproval votes: 39,533 votes (39,533 votes)	0.06 %
Abstention votes/no votes: 9,705,476 votes (9,663,513 votes)	16.64 %

*Including votes casted electronically (numbers in brackets).

RESOLVED, that the release from the prohibition on Director from participation in competitive business be and hereby was accepted as submitted.

No question was raised by Shareholder.

��

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��	��%
��47,671,200� (��45,173,162 �)	81.75 %
��3,804,729� (��3,804,729 �)	6.52 %
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��6,837,263� (��6,795,258�)	11.72 %

��

Discussion No.3 � Proposed by the Board of Directors

The Company’s Issuance of Common Shares through Private Placement. Please proceed to discuss. Explanation:

(1) In order to introduce strategic investors and strengthen the Company’s long-term cooperative relationship with strategic partners, so as to facilitate the Company’s long-term operation and business development, it is proposed to raise capital in cash by issuance of new common shares through private placement (hereinafter referred to as the “Privately Placed Common Shares”), in compliance with the provisions of Article 43-6 of the Securities and Exchange Act and relevant regulations. It is expected that the aggregate number of �rivately Placed Common Shares will not exceed 1,000,000 shares (at par value of NT$10 per share) and the increased paid-in capital amount will not exceed NT$ 10,000,000.
(2) According to the provisions of Article 43-6 of the Securities and Exchange Act and the “Directions for Public Companies Conducting Private Placements of Securities”, the further explanations are set forth as follows:
The basis and rationality of the pricing of private placement
- A. As to the pricing of the Privately Placed Common Shares, the price per share shall not be lower than 80% of the higher price of the following two calculations before the pricing date:
- i. The simple average closing price of the Company’s common shares is calculated based on either the 1, 3, or 5 business days before the pricing date and is adjusted upon distribution of stock dividends and cash dividends, and capital reduction; or
- ii. The simple average closing price of the Company’s common shares is calculated based on 30 business days before the pricing date and is adjusted upon distribution of stock dividends and cash dividends, and capital reduction.
- B. The actual pricing date and the actual price of common shares to be issued through private placement shall not be less than the range approved by the resolution of the Company shareholders’ meeting. The board of directors of the Company will be authorized to determine the price based on the aforesaid price, future specific persons’ situation and market conditions.
- C. The pricing method of this private placement price is based on the "Directions for Public Companies Conducting Private Placements of Securities," considering that the Company’s future prospects, the timing, object, and quantity of transfer of private placement of securities are strictly limited. Moreover, it is also not possible to be listed on the TWSE within three years and the liquidity is poor. Therefore, the pricing of the private placement of this fiscal year shall be reasonable and would cause no major impact on shareholders’ equity.
Methods for selecting specific persons
- A. The proposed investor to subscribe for the Privately Placed Common Shares shall meet the qualification under Article 43-6 of the Securities Exchange Act and the Decree No. 0910003455 of the Financial Supervisory Commission issued on June 13, 2002, and shall be a strategic investor.
- B. The proposed investors are intended to be strategic investors:
- i. Method and purpose of selecting investors: Due to the Company’s long-term business and business development needs, it will give priority to those who may directly or indirectly contribute to the future operation of the Company, and can help the Company expand its business, strengthen customer relations, or enhance business development integration benefits, or can improve technology, and can recognize the Company’s business strategy.
- ii. Necessity: The purpose of selecting offerees is to introduce strategic investors and strengthen long-term cooperation with strategic partners. Through strategic investors, the long-term competitiveness and operational effectiveness of the Company can be enhanced, which is necessary.
- iii. Expected Benefits: It is expected that through strategic investors’ experience, technology, knowledge, brand reputation, and market access, the Company can cooperate with such investors in strategic cooperation, joint business development or market integration, which will help the Company to reduce operating costs and expand its sales market to improve the Company’s future operating performance.
- C. There are no offerees at present.
Necessary reasons for the private placement:
A. Reasons for not adopting public offerings: Considering factors such as capital market conditions, offering costs, timeliness and feasibility of fundraising for private placements, and restrictions on private placement of shares that cannot be freely transferred within three years, etc. In this way, it can ensure and strengthen strategic partnerships in a closer long-term cooperation relationship. Therefore, public offering is not adopted this time, and a private placement to increase capital in cash by issuance of new share is conducted instead.
B. The size of the proposed private placement: The aggregate number of this Privately Placed Common Shares shall not exceed 1,000,000 shares and will be issued once or in installments (up to a maximum of three times) within one year from the date of the resolution of the shareholders’ meeting.
C. The use of proceeds raised from issuance of Privately Placed Common Shares and the estimated benefits processed in different tranches.

Processing times	Use ofproceeds	Expectedresults
Once in a single transaction	Seek opportunities for technical cooperation, business cooperation or strategic alliances with domestic and foreign big tech companies or industrial funds, and at the same time, enrich working capital and meet the Company’s long-term operational development needs	Reduce the Company’s operating risks, strengthen its financial structure, and improve the Company’s future operating performance
Twice in two transactions
Three times in three transactions

There is no occurrence of significant change of control event within the past year preceding the day when the Company’s board of directors resolves on this private placement plan. As the investors to subscribe for the Privately Placed Common Shares will be limited to strategic investors, the proposed private placement may have a positive contribution to the Company’s business development. The selection of strategic investors by way of this private placement will be subject to the principle that no significant change of control event would occur within one year following the delivery of Privately Placed Common Shares.
Other matters that should be stated:
A. The rights and obligations contain in the Privately Placed Common Shares are in principle the same as the common shares issued by the Company; however, according to the provisions of Article 43-8 of the Securities and Exchange Act, in addition to the objects and conditions of the assignment as prescribed by the provisions, in principle, the Privately Placed Common Shares shall not be freely transferred within three years from the date of delivery. After the full three years from the delivery date, the company plans to obtain a consent letter from the Taiwan Stock Exchange in accordance with the relevant provisions of the Securities and Exchange Act, etc. The Company shall apply for re-issuance of the public offering of the Privately Placed Common Shares and application for the listing of the Privately Placed Common Shares with the competent authority.
B. The terms and conditions of the proposed issuance of Privately Placed Common Shares, including the actual number of Privately Placed Common Shares, the final private placement price, selection of investors, record date, issuance conditions, project items, use of proceeds and progress, expected benefits, and all other matters related to the issuance plan, will be brought to the shareholders’ meeting and request authorization for the board of directors to adjust, determine and handle based on the market conditions, and if future changes such as due to amendments in laws or regulations or when required by the competent authority or based on operational assessment, or due to changes in the objective environment, the board of directors of the Company will be authorized to handle it completely.
C. In addition to the aforesaid scope of authorization, it is proposed that the Chairman is authorized to sign and negotiate all contracts and documents relating to Privately Placed Common Shares on behalf of the Company, and to handle all necessary matters regarding to Privately Placed Common Shares for the Company.

Resolutions: The voting results are shown below.

Shares present at the time of voting: 58,313,192.

s present at the time of voting: 58,313,192.
Voting Results*	% of the total represented share present
Approval votes: 47,671,200 votes (45,173,162votes)	81.75 %
Disapproval votes: 3,804,729 votes (3,804,729 votes)	6.52 %
Abstention votes/no votes: 6,837,263 votes (6,795,258 votes)	11.72 %

*Including votes casted electronically (numbers in brackets).

RESOLVED, that the Company’s Issuance of Common Shares through Private Placement be and hereby was accepted as submitted.

No question was raised by Shareholder.

�� Ad Hoc Motion

�� : ( �� :79234)

�� ?

�� : �� HPC/AI ��

Shareholder’s question: (Shareholder Account No: 79234)

What are the business or financial trends for your company over the next one to two years? CEO: The Company continues to focus on the HPC/AI field, with overall customer demand being very strong. The Company remains very confident in its operations for this year and next year.

�� : ( �� :19759)
�� Amazon �� Amazon �� ?
ESG �� ESG �� ESG �� ?
�� : �� CST �� ESG �� IC �� ESG ��

Shareholder’s question: (Shareholder Account No: 19759)

Since Amazon became one of the company’s shareholders, will it affect potential business cooperation opportunities with other companies?
The ESG investment trend is becoming increasingly popular. Will your company regularly hold relevant conference to inform everyone about your efforts in ESG engagement?
CFO: Regarding whether Amazon's investment will affect our cooperation with other large North American CST partners, the Company believes it will not have any impact, and we have not encountered any objections from other clients regarding Amazon's participation in the

private placement. As for ESG, the Company will continue to invest resources and manpower. As an IC design company, our energy consumption performance and overall business operations are relatively more environmentally friendly compared to the manufacturing industry. We will continue our efforts; however, we have not yet considered holding an annual ESG conference.

�� : ( �� :66507)
�� ?
�� ?
�� ?
�� ?
�� 2021 �� 36% � 2022 �� 38% �� 18%?
�� : �� / �� 30 ��
�� : �� ? �� YoY ��

Shareholder’s question: (Shareholder Account No: 66507)

How is the progress of the company’s overseas expansion?
Will specific strategic investor continue to increase its investment in your company?
Why did the company’s gross profit margin decline in the first quarter?
When can the stock price return to its peak at the beginning of this year?
The company’s profit margin was 36% in the first quarter of 2021 and 38% in 2022, but why is it only 18% this year?
CEO: Due to customer demand, some designs cannot be done in China. We have increased recruitment for our existing subsidiaries, such as those in Japan and Taiwan. Recently, we also established subsidiaries in Malaysia and Vietnam. Currently, we have nearly 30

employees in Malaysia and our Vietnam subsidiary has received local support and has abundant talent this year. We are confident that the resources in our non-China regions and China regions will each account for half by early next year.

CFO: Regarding the second question, we do not know whether the specific strategic investor will continue to invest us. The past two private placements were not taken actively and sought by the company. As for the future, we may still keep in a passive situation. Regarding the decline in the Company's gross profit margin in the first quarter, it is typically a low season for design revenue, while the fourth quarter is a peak season. The proportion of design revenue to mass production revenue in the future is the most crucial factor affecting the gross profit margin. Mass production revenue is growing very fast, and we are dealing with increasingly large customers, so we will strive to maintain the gross profit margin in mass production. As for when the stock price will return to its early-year peak? There has been a significant drop from the peak to the current stock price, but the Company's consistent stance is to do our best in managing the company. In terms of operating figures and profitability, whether it's annual or quarterly growth, the Company has delivered good results over the past two to three years, but the stock price is not something the company can control. Shareholders may note that the daily trading value of the Company has long been among the top ten in Taiwan stocks, and with such trading volume, the Company has no control over the stock price. The Company hopes to focus on its core business, boosting revenue and profit.

Regarding profitability, the growth rate over the past two years has been quite good. This year's first-quarter gross profit margin has indeed seen significant changes compared to the first quarters of the previous one or two years, but there have also been substantial changes in revenue scale. The growth in revenue scale is primarily due to mass production of chips. If we look at the operating profit margin, even with a decline in our gross profit margin, we can still maintain our operating profit margin. In the first quarter of this year, the proportion of design revenue was relatively low, so the YoY profit growth was slower. Expecting a company to pursue triple-digit growth every year while maintaining profitability is difficult. The Company aims to move in that direction. Sometimes we face challenges in individual quarters, but on an annual basis, we strive to maintain this year's gross profit margin. Given our business model, our operating expenses grow more slowly compared to revenue. We hope to accelerate towards profitability and ask shareholders to understand the situations arising during the company's growth process.

��

There being no other business and special motion, upon a motion duly made and seconded, the meeting was adjourned.

==> picture [37 x 38] intentionally omitted <==

�� Chairman: Kinying Kwan

==> picture [36 x 36] intentionally omitted <==

�� Recorder: Hsiao Ping Liao

�� EXHIBITS

�� Business Report
�� Audit Committee’s Review Report
�� 112 ��
The first and second of Processing Status Report for 2023 Private Placement of Common Shares
�� 112 �� Independent Auditors’ Report and 2023 Consolidated Financial Statements
��
Comparison table for the amendments to the Rules of Procedures for Shareholders Meetings

【附件一】 EXHIBIT I

英屬開曼群島商世芯電子股份有限公司營業報告書

經營方針

世芯電子為晶片設計服務的領導業者，專注於提供系統客戶高複雜度、高產量的深次微米 SoC 設計解決方案。本公司致力於成為客戶最佳的矽晶片設計服務夥伴，以獨特的自有技術，有效整合從設計到量產的 Turnkey 服務，協助客戶更快將產品導入市場。儘管面臨生產能力、地緣政治約束以及中國市場狀況的挑戰，但由於高效能運算 (HPC) 及人工智慧 (AI) 等市場需求持續熱絡，世芯電子營運並未受到影響，在先進製程領域維持領先地位。 2023 年，世芯電子積極實施戰略性招聘計畫，以加強在日本、臺灣、美國及東南亞的工程資源。該舉旨在提供更豐富且具有成本效益的解決方案，以滿足客戶需求。我們成功實現業務多元化，有助於減輕對中國市場的依賴。對於未來我們依然秉持著四大核心價值，以團隊合作與專注、創新、誠信和品質之經營方針，持續紮根 IC 設計產業，深化全球佈局以創造出更多的股東價值。

實施概況

隨著人工智慧、高效能運算、物聯網等各項新應用的蓬勃發展，全球半導體市場競爭激烈。 2023 年世芯電子表現十分出色，於高效能運算及人工智慧領域皆取得亮眼成績， HPC 及 AI 設計案在北美和亞太地區亦持續增長。此外，我們成功獲得來自中國和北美地區多家汽車製造商的車用電子專案。

為響應這些領域的強烈需求，公司完成許多先進製程設計項目。在製程節點部分，今年的主流設計案仍以 7 奈米製程為主，其中一部分針對 7 奈米的 HPC 晶片已進入大規模量產。此外， 6 奈米、 5 奈米、 4 奈米和 3 奈米設計需求也顯著增加。我們在市場領域的領導地位、對先進技術設計的強烈需求以及大量設計進入量產，這些因素共同推動了世芯取得創紀錄的表現。

世芯在 2023 年也投片了多項 7 奈米、 6 奈米、 5 奈米和 3 奈米設計，其中多項使用 CoWoS 和 InFO 先進封裝技術。此外， 3 奈米已於 2023 年第一季成功完成投片。在技術研發方面，世芯電子維持 ASIC 設計服務領域中先進製程技術的領先地位。

無論在營收或獲利的部分， 2023 年可謂是豐收的一年。約有 93% 的營收來自先進製程（ FinFET ， 16 奈米及以下）設計，以及先進封裝的設計與量產。世芯已確立其作為高性能 ASIC 技術先鋒的領導地位。

在產品應用方面，我們持續與世界級系統大廠和雲端服務客戶合作，完成多項具有挑戰性的領先設計項目，這些項目採用最先進的封裝技術，針對高階、複雜的 AI 、網路和 HPC 應用。隨著市場需求擴張，公司亦已開始進入車用晶片相關領域。

世芯將以具國際水準的先進製程設計能力及優秀的團隊，期望未來成為 ASIC 產業第一領導品牌。

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��: �� Kinying Kwan

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Chairman

��: �� Johnny Shyang-Lin Shen

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Chief Executive Officer

��: �� Yuki Jin

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Financial Controller

Alchip Technologies Limited Business Report

Management Principle

Alchip is the preeminent ASIC design company, specializing in High-Performance Computing (HPC) devices. The company provides state-of-the-art, complex SoC design solutions and strives to be the most reliable silicon design partner by offering a proprietary design process and a complete turnkey services portfolio covering all value chain steps, from IC design to manufacturing. Alchip’s primary objective is to provide its customers with first-time silicon success and fast time-to-market.

Despite challenges in production capacity, geopolitical constraints, and China market conditions, the HPC market is projected to sustain strong demand through 2023. In 2023, we proactively implemented a strategic hiring plan to bolster our engineering and support resources in Japan, Taiwan, the United States, and Southeast Asia. This initiative aims to deliver more cost-effective solutions that meet our customers' needs. The successful diversification of our business has mitigated dependency on the Chinese market. We achieved this by embracing Alchip’s four core values – teamwork and dedication, innovation, integrity, and quality -- to deliver enhanced value to our shareholders.

Business Environment

Alchip delivered impressive 2023 operating results, because of our strong advanced technology position within the High-Performance Computing (HPC), Artificial Intelligence (AI), and Internet of Things (IoT) market segments. The HPC segment experienced continued growth in the North America and Asia Pacific regions. At the same time, we successfully secured several automotive projects from car manufacturers in China and the North America.

The company completed a significant number of leading-edge design projects in response to strong demand from these segments. The 7nm process nodes is the most specified advanced technology node, but demand for 6nm, 5nm, 4nm and 3nm designs significantly increased. A number of large production-quantity, HPC chips, primarily targeting the 7nm process node, entered mass production. This combination of market segment leadership, strong demand for advanced technology designs, and a significant number of designs entering mass production contributed to the company’s record performance.

Alchip also taped-out a significant number of 7nm, 6nm, 5nm and 3nm designs in 2023, with several involving Chip-on-Wafer-on-Substrate (CoWoS) and Integrated Fan-Out (InFO) advanced packaging technology. The company successfully taped-out a 3nm chip in the first quarter of 2023.

Alchip has strengthened its position as a leading HPC ASIC company, with approximately 93% of its revenue coming from advanced process (FinFET, 16nm and below) designs, and the mass production of very complex advanced packaged devices.

The company has also successfully partnered with tier-one systems and cloud service customers to complete several challenging leading-edge design projects that feature the most advanced packaging technology targeting high-end, complex AI, networking, and HPC applications. As the market demand expands, the company has also begun to enter the automotive chip-related fields.

Alchip aims to become the leading brand in the ASIC industry by utilizing our globalrecognized advanced process design capabilities and the strength of the exceptional team.

Financial Results

Alchip’s 2023 operating revenue reached NTD30,482 million, a 122.08% increase Yearover-Year (YoY) from NTD13,725 million in 2022. Net profit was NTD3,320 million, an 81.12% increase YoY from NTD1,833 million in 2022. On a US dollar ($) basis, 2023 operating revenue equaled $978 million, a 112.46% increase YoY, with net profit of $106 million, a 73.28% increase YoY. The 2023 gross margin was 22.29%, with an operating margin of 12.34%. The 2023 return on assets and return on equity were 12.76% and 21.45%, respectively.

Operating revenue and COGS

1. Operating Revenue

The operating revenue increase in 2023 to NTD30,482 million from NTD13,725 million in 2022, a 122.08% increase YoY, is mainly due to operating revenue increases from both design service and production sources.

2. Cost of Goods Sold

Total operating costs were NTD26,720 million in 2023, an increase of NTD15,320 million from NTD11,400 million in 2022, mainly due to costs associated with the increase in production revenue.

Profitability

Operating profit grew by 62.75% YoY due to increased revenue. The operating expensesto- revenue ratio in 2023 and 2022 were 9.95% and 15.44%, respectively. With the increase in operating revenue, 2023 net profit grew 81.12% YoY.

Research and Development

In response to customer demand, Alchip continued to heavily invest in advanced technology design, 3DIC design platform, customized IP and collaboration with partners in advanced technology optimization such as the Soft Chiplet platform with Synopsys.

Building on our success implementing multiple 5nm, 4nm and 3nm designs, Alchip will solidify its position as an advanced technology leader as implements advanced 2.5D/3D packaging technology in 2024.

Future Outlook

Going forward, Alchip will capitalize on market opportunities that align with its advanced technology strengths and deeper strategic alliances with major IP partners. The company will remain focused on exploring new applications in high-growth market segments such as AI, HPC, IoT, and Automotive. In addition, we will continue to aggressively pursue,

strategic initiatives that are currently underway to expand Alchip's North American market share.

Given our core competency of providing industry-leading ASIC service for advanced technologies, Alchip is confident in our ability to achieve strong revenue and profit growth in 2024, creating value for both customers and shareholders.

Finally, I would like to extend my sincere gratitude to the employees for their unremitting efforts, and to shareholders for their long-term support and encouragement to the Company.

And I wish you all good health and all the best.

Kinying Kwan

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Chairman

Johnny Shyang-Lin Shen

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Chief Executive Officer

Yuki Jin

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Financial Controller

�� EXHIBIT II

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Alchip Technologies, Limited AUDIT COMMITTEE’S REVIEW REPORT

To: Shareholders’ Annual General Meeting for Year 2024� Alchip Technologies, Limited

The Board of Directors has prepared and submitted to the undersigned, Audit Committee of Alchip Technologies, Limited 2023 Business Report, Consolidated Financial Statements and Dividend Distribution proposal. The Consolidated Financial Statements have been duly audited by Certified Public Accountants Yi-Wen Wang and Li-Chun Chang of Deloitte & Touche. The above Business Report, Consolidated Financial Statements and Dividend Distribution proposal have been examined and determined to be correct and accurate by the undersigned. This Report is duly submitted in accordance with Article 14-4 of Securities and Exchange Law and Article 219 of the Company Law.

The Audit Committee, Chairman:

Mr. Mao-Wei Hung

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�� EXHIBIT III

�� 112 ��

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	��(�)� �	�� ��43� �6	690,000	�	�
	ACHG Limited �� ��43� �6 690,000 �� �� ��(Achi Capital Fund Partners LP)��2% �� � ��1,448�
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The first and second of Processing Status Report for 2023 Private Placement of Common Shares

Item	1st Prive Placement of 2023 Issue Date: July 10,2023
Type of private placement securities	Common Shares
Date and Amount approved by the shareholders’ meeting	Date of shareholders’ meeting: June 9,2023 Issue no more than 5,000,000 common shares in one or two times within one year from the date of the resolution reached in the shareholders meeting.
Pricing basis of private placement and its reasonableness	(1)The pricing date of private placement was June 26,2023. The privately placed common shares price shall be no less than 80 percent of the reference price. The reference price shall be the higher of the following two calculations: A.The average closing price of the common shares from either 1, 3, or 5 business days before the pricing date, minus dividends adjustment, plus price discount adjustment due to capital reduction is NTD $1,810, NTD $1,830, and NTD $1,826 respectively. NTD $1,810 is selected. B.The average closing price of the common shares for a period of thirty business days before the pricing date, minus dividends adjustment, plus price discount adjustment due to capital reduction is NTD $1,611. (2)The reference price is NTD $1,810 which is highest of the above two calculation. In comprehensive consideration, NTD1,448 is set as actual price which is 80 percent of reference price and not lower than the percentage resolved by the shareholders' meeting.
Method for selecting specific investor	Comply with Article 43-6 of the Securities and Exchange Act and Financial Supervisory Commission, Execution Yuan Letter (91) Tai-Cai-Zheng-Yi No. 0910003455, dated June 13, 2002; and is a strategic investor.
Reason and necessity of conducting private placement	Considering the capital market status, effectiveness, feasibility and costs to raise capital, and the restriction on the transfer of private common shares within 3 years will further ensure and strengthen the long-term cooperative relationship between the Company and strategic investors, a capital increase through private placement is more favorable.
Date of payment collection	July 10,2023

Information on Counterparties Actual subscription price	Name of investor	Qualification	Relationship with the Company	Participation in the Company’s operation
	Wistron Corporation	Article 43-6 of the Securities and Exchange	None	None
	ACHG Limited Article 43-6 of the Securities and Exchange Non related-party, but the company owns less than 2% equity interest of the investor' parent company (Achi Capital Fund Partner LP) NT$1,448 per share
Difference between actual subscription price and reference price	The actual subscription price is NT$1,448, which is 80% of the reference price of NT$1,810
Impacts on shareholders’ equity	The privately placed common shares is 1.91% to capital shares, it is no significant impact on shareholders’ equity.
Fund utilization and status of implementation	The fund from private placement NT$1,998,240,000 is used for supporting working capital. The plan is 100% executed on September 30,2023
Private placement benefits	By conducting private placement, it is expected to engage in business cooperation or alliance, and meanwhile to support working capital.

Item	2nd Prive Placement of 2023 Issue Date: May 16,2024
Type of private placement securities	Common Shares
Date and Amount approved by the shareholders’ meeting	Date of shareholders’ meeting: June 9,2023 Issue no more than 5,000,000 common shares in one or two times within one year from the date of the resolution reached in the shareholders meeting.
Pricing basis of private placement and its reasonableness	(1)The pricing date of private placement was May 14,2024. The privately placed common shares price shall be no less than 80 percent of the reference price. The reference price shall be the higher of the following two calculations: A.The average closing price of the common shares from either 1, 3, or 5 business days before the pricing date, minus dividends adjustment, plus price discount

	adjustment due to capital reduction is NT$2,520, NT$2,565, and NT$2,645 respectively. NT$2,520 is selected. B.The average closing price of the common shares for a period of thirty business days before the pricing date, minus dividends adjustment, plus price discount adjustment due to capital reduction is NT$2,978. (2)The reference price is NT$2,978 which is highest of the above two calculation. In comprehensive consideration, NT$2,382 is set as actual price which is 80 percent of reference price and not lower than the percentage resolved by the shareholders' meeting.	adjustment due to capital reduction is NT$2,520, NT$2,565, and NT$2,645 respectively. NT$2,520 is selected. B.The average closing price of the common shares for a period of thirty business days before the pricing date, minus dividends adjustment, plus price discount adjustment due to capital reduction is NT$2,978. (2)The reference price is NT$2,978 which is highest of the above two calculation. In comprehensive consideration, NT$2,382 is set as actual price which is 80 percent of reference price and not lower than the percentage resolved by the shareholders' meeting.	adjustment due to capital reduction is NT$2,520, NT$2,565, and NT$2,645 respectively. NT$2,520 is selected. B.The average closing price of the common shares for a period of thirty business days before the pricing date, minus dividends adjustment, plus price discount adjustment due to capital reduction is NT$2,978. (2)The reference price is NT$2,978 which is highest of the above two calculation. In comprehensive consideration, NT$2,382 is set as actual price which is 80 percent of reference price and not lower than the percentage resolved by the shareholders' meeting.	adjustment due to capital reduction is NT$2,520, NT$2,565, and NT$2,645 respectively. NT$2,520 is selected. B.The average closing price of the common shares for a period of thirty business days before the pricing date, minus dividends adjustment, plus price discount adjustment due to capital reduction is NT$2,978. (2)The reference price is NT$2,978 which is highest of the above two calculation. In comprehensive consideration, NT$2,382 is set as actual price which is 80 percent of reference price and not lower than the percentage resolved by the shareholders' meeting.
Method for selecting specific investor	Comply with Article 43-6 of the Securities and Exchange Act and Financial Supervisory Commission, Execution Yuan Letter (91) Tai-Cai-Zheng-Yi No. 0910003455, dated June 13, 2002; and is a strategic investor.
Reason and necessity of conducting private placement	Considering the capital market status, effectiveness, feasibility and costs to raise capital, and the restriction on the transfer of private common shares within 3 years will further ensure and strengthen the long-term cooperative relationship between the Company and strategic investors, a capital increase through private placement is more favorable.
Date of payment collection	May 16,2024
Information on Counterparties	Name of investor	Qualification	Relationship with the Company	Participation in the Company’s operation
	Amazon.com, Inc.	Article 43-6 of the Securities and Exchange	None	None
Actual subscription price	NT$2,382 per share
Difference between actual subscription price and reference price	The actual subscription price is NT$2,382, which is 80% of the reference price of NT$2,978.
Impacts on shareholders’ equity	The privately placed common shares is 0.28% to capital shares.
Fund utilization and status of implementation	The fund from private placement NT$534,847,134 is used for supporting working capital. The plan will be fully executed by the third quarter of 2024.
Private placement benefits	It can provide the necessary working capital for the company's long-term operational development.

�� EXHIBIT IV

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	� � $ 978,385 760,303 218,082 8,015 27,517 49,642 12,180 97,354 120,728 11,336 2,570 776 ( 196 ) ( 477 ) ( 2) 14,007 134,735 28,154 106,581 1,917 - ( 196 ) 131 1,852 $ 108,433 $ 106,730 ( 149) $ 106,581 $ 108,582 ( 149) $ 108,433 $ 1.46 $ 1.39	� � � $ 30,481,576 23,687,225 6,794,351 249,721 857,295 1,546,585 379,478 3,033,079 3,761,272 353,179 80,082 24,164 ( 6,119 ) ( 14,862 ) ( 52) 436,392 4,197,664 877,148 3,320,516 59,720 ( 76,836 ) ( 6,094 ) 4,072 ( 19,138) $ 3,301,378 $ 3,325,170 ( 4,654) $ 3,320,516 $ 3,306,032 ( 4,654) $ 3,301,378 $ 45.47 $ 43.27		� � $ 460,500 311,882 148,618 7,183 20,980 39,286 3,630 71,079 77,539 2,938 1,763 ( 2,190 ) ( 96 ) - 2 2,417 79,956 18,447 61,509 ( 1,649 ) - ( 350 ) ( 602) ( 2,601) $ 58,908 $ 61,547 ( 38) $ 61,509 $ 58,946 ( 38) $ 58,908 $ 0.86 $ 0.82	� � � $ 13,725,204 9,295,633 4,429,571 214,075 625,311 1,170,945 108,185 2,118,516 2,311,055 87,572 52,559 ( 65,267 ) ( 2,868 ) - 69 72,065 2,383,120 549,827 1,833,293 ( 49,146 ) 1,171,065 ( 10,461 ) ( 17,931) 1,093,527 $ 2,926,820 $ 1,834,414 ( 1,121) $ 1,833,293 $ 2,927,941 ( 1,121) $ 2,926,820 $ 25.69 $ 24.47	�
	( ( ( ( ( (	( ( ( ( ( ( ( (		( ( ( ( ( ( ( (	( ( ( ( ( ( (	100 68 32 2 4 8 1 15 17 1 - ( 1 ) - - - - 17 4 13 - 8 - - 8 21 13 - 13 21 - 21

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==> picture [37 x 38] intentionally omitted <==

								�� � � � �	$ - $ 10,348,204		- -	- ( 790,324 )	- 381,948	- 130,976	( 1,121 ) 1,833,293	- 1,093,527	( 1,121 ) 2,926,820	9,681 4,430	8,560 13,002,054		- -	- ( 930,917 )	- 1,998,240	- 342,918	- 309,644	( 4,654 ) 3,320,516	- ( 19,138 )	( 4,654 ) 3,301,378	16,397 11,100	$ 20,303 $ 18,034,417
			�				� � �	��	$ 10,348,204		-	( 790,324 )	381,948	130,976	1,834,414	1,093,527	2,927,941	( 5,251 )	12,993,494		-	( 930,917 )	1,998,240	342,918	309,644	3,325,170	( 19,138 )	3,306,032	( 5,297 )	$ 18,014,114
			�	� �	��	��	��	��	$ 70,370		-	-	-	-	-	( 67,077 )	( 67,077 )	-	3,293		-	-	-	-	-	-	63,792	63,792	-	$ 67,085
			� �	� �		��	� ��	� ��	2,696,969 ( $ 418,292 )		- -	790,324 ) -	- -	- -	1,834,414 -	- 1,160,604	1,834,414 1,160,604	5,251 ) -	3,735,808 742,312		- -	930,917 ) -	- -	- -	- -	3,325,170 -	- ( 82,930 )	3,325,170 ( 82,930 )	5,297 ) -	6,124,764 $ 659,382		��
								�	$			(						(				(							(	$
Alchip Technologies, Limited ��	��	��112 ��111 �1 �1 ��12 �31 �	� � � � �				� � � � � �	� � � � � �� ��	$ 345,138 $ 7,292,281 $ 201,957 $ 2,495,012		- - 145,965 ( 145,965 )	- - - ( 790,324 )	381,948 381,948 - -	( 31,513 ) 118,572 - -	- - - 1,834,414	- - - -	- - - 1,834,414	- - - ( 5,251 )	695,573 7,792,801 347,922 3,387,886		- - ( 280,229 ) 280,229	- - - ( 930,917 )	- 1,984,440 - -	342,918 342,918 - -	( 174,096 ) 299,537 - -	- - - 3,325,170	- - - -	- - - 3,325,170	- - - ( 5,297 )	$ 864,395 $ 10,419,696 $ 67,693 $ 6,057,071	��	��
								� � �	6,947,143		-	-	-	150,085	-	-	-	-	7,097,228		-	-	1,984,440	-	473,633	-	-	-	-	9,555,301
			�				�	�	$																					$
			�					��	$ 706,876		-	-	-	12,404	-	-	-	-	719,280		-	-	13,800	-	10,107	-	-	-	-	$ 743,187
								� �	A1 111�1�1��	110��	B3 ��	B5 ��	N1 ��	K1 ��	D1 111��	D3 111��	D5 111��	M7 ��	Z1 111�12�31��	111��	B3 ��	B5 ��	E1 ��	N1 ��	K1 ��	D1 112��	D3 112��	D5 112��	M7 ��	Z1 112�12�31��		��

								� � � �	$ 373,851		-	( 26,772 )	12,815	4,441	61,509	( 2,601 )	58,908	139	423,382		-	( 30,269 )	64,439	11,007	9,988	106,581	1,852	108,433	366	$ 587,346
								��	$ -		-	-	-	-	( 38 )	-	( 38 )	303	265		-	-	-	-	-	( 149 )	-	( 149 )	541	$ 657
			�				� � �	��	$ 373,851		-	( 26,772 )	12,815	4,441	61,547	( 2,601 )	58,946	( 164 )	423,117		-	( 30,269 )	64,439	11,007	9,988	106,730	1,852	108,582	( 175 )	$ 586,689
			�	� �	��	��	��	��	$ 2,497		-	-	-	-	-	( 2,251 )	( 2,251 )	-	246		-	-	-	-	-	-	2,048	2,048	-	$ 2,294
			� �	� �		��	� ��	� ��	94,279 ( $ 364 )		- -	26,772 ) -	- -	- -	61,547 -	- ( 350 )	61,547 ( 350 )	164 ) -	128,890 ( 714 )		- -	30,269 ) -	- -	- -	- -	106,730 -	- ( 196 )	106,730 ( 196 )	175 ) -	205,176 ($ 910 )		��
								�	$			(						(				(							(	$
Alchip Technologies, Limited ��	��	��112 ��111 �1 �1 ��12 �31 �	� � �				� � � �	� �� ��	254,819 $ 7,548 $ 86,731		- 5,236 ( 5,236 )	- - ( 26,772 )	12,815 - -	4,018 - -	- - 61,547	- - -	- - 61,547	- - ( 164 )	271,652 12,784 116,106		- ( 9,985 ) 9,985	- - ( 30,269 )	63,994 - -	11,007 - -	9,662 - -	- - 106,730	- - -	- - 106,730	- - ( 175 )	356,315 $ 2,799 $ 202,377	��
			� �				� �	� � � �	$ 12,000 $		-	-	12,815	( 2,354 )	-	-	-	-	22,461		-	-	-	11,007	( 5,865 )	-	-	-	-	$ 27,603 $		��
								� �	242,819		-	-	-	6,372	-	-	-	-	249,191		-	-	63,994	-	15,527	-	-	-	-	328,712
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			�					��	$ 22,620		-	-	-	423	-	-	-	-	23,043		-	-	445	-	326	-	-	-	-	$ 23,814
								� �	A1 111�1�1��	110��	B3 ��	B5 ��	N1 ��	K1 ��	D1 111��	D3 111��	D5 111��	M7 ��	Z1 111�12�31��	111��	B3 ��	B5 ��	E1 ��	N1 ��	K1 ��	D1 112��	D3 112��	D5 112��	M7 ��	Z1 112�12�31��		��

Alchip Technologies, Limited ��

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� � �� A10000 �� A20010 �� A20100 �� A20300 �� A20900 �� A21200 �� A21900 �� A22300 �� �� A22500 �� A23100 �� A23800 �� A24100 �� �� A29900 �� A30000 �� A31150 �� A31180 �� A31200 �� A31230 �� A31240 �� A32125 �� A32150 �� A32180 �� A32230 �� A32990 �� A33000 �� A33300 �� A33500 �� AAAA �� �� �� B00010 �� �� B00020 �� �� B00040 �� �� ��	112�� � � � � � $ 134,735 $ 4,197,664 64,880 2,021,317 12,182 379,530 196 6,119 ( 11,336 ) ( 353,179 ) 11,007 342,918 477 14,862 7 208 ( 5 ) ( 162 ) 1,563 48,699 ( 394 ) ( 16,075 ) 6,949 216,502 ( 45,259 ) ( 1,410,036 ) ( 2,425 ) ( 75,554 ) ( 82,688 ) ( 2,576,133 ) ( 11,213 ) ( 349,368 ) ( 1,845 ) ( 57,471 ) 229,462 7,148,891 ( 316 ) ( 9,856 ) 10,549 332,475 503 15,634 902 28,112 317,931 9,905,097 ( 196 ) ( 6,119 ) ( 19,034) ( 593,020) 298,701 9,305,958 ( 3,990 ) ( 124,320 ) 4,096 127,611 ( 192,657 ) ( 6,002,224 )	111��	111��
	� � $ 134,735 64,880 12,182 196 ( 11,336 ) 11,007 477 7 ( 5 ) 1,563 ( 394 ) 6,949 ( 45,259 ) ( 2,425 ) ( 82,688 ) ( 11,213 ) ( 1,845 ) 229,462 ( 316 ) 10,549 503 902 317,931 ( 196 ) ( 19,034) 298,701 ( 3,990 ) 4,096 ( 192,657 )	� � $ 79,956 69,059 3,628 96 ( 2,938 ) 12,815 - 3 ( 15 ) 1,105 856 4,655 ( 15,148 ) ( 879 ) ( 260,021 ) 13,762 ( 2,794 ) 56,024 48,712 567 485 - 9,928 ( 96 ) ( 18,083) ( 8,251) ( 6,151 ) 2,652 ( 61,000 )	� � �
	( ( ( ( ( ( ( ( ( ( ( ( (	( ( ( ( ( ( ( ( ( ( (	$ 2,383,120 2,058,309 108,116 2,868 ( 87,572 ) 381,948 - 81 ( 451 ) 32,920 25,538 138,728 ( 451,477 ) ( 26,186 ) ( 7,749,923 ) 410,189 ( 83,285 ) 1,669,812 1,451,843 16,913 14,494 - 295,985 ( 2,868 ) ( 538,956) ( 245,839) ( 183,309 ) 79,043 ( 1,818,105 )

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� � B00050 �� �� B01800 �� B02700 �� B02800 �� B03700 �� B03800 �� B04500 �� B06700 �� B07100 �� B07500 �� BBBB �� �� �� C04020 �� C04500 �� C04600 �� C04800 �� C05800 �� CCCC �� �� DDDD �� EEEE �� E00100 �� E00200 ��	112�� � � � � � $ 125,110 $ 3,897,812 ( 2,300 ) ( 70,323 ) ( 61,381 ) ( 1,912,329 ) - 14 ( 42 ) ( 1,295 ) 641 19,966 ( 30,098 ) ( 937,669 ) - - ( 13,123 ) ( 408,841 ) 9,407 293,103 ( 164,337) ( 5,118,495) ( 3,252 ) ( 101,300 ) ( 30,269 ) ( 930,917 ) 64,439 1,998,240 9,988 309,644 - - 40,906 1,275,667 109 ( 78,875) 175,379 5,384,255 155,497 4,775,301 $ 330,876 $ 10,159,556	111��	111��
	� � $ 125,110 ( 2,300 ) ( 61,381 ) - ( 42 ) 641 ( 30,098 ) - ( 13,123 ) 9,407 ( 164,337) ( 3,252 ) ( 30,269 ) 64,439 9,988 - 40,906 109 175,379 155,497 $ 330,876	� � $ 158,000 - ( 32,634 ) - ( 1,124 ) 63 ( 11,295 ) ( 110 ) ( 1,826 ) 2,952 49,527 ( 1,858 ) ( 26,772 ) - 4,441 139 ( 24,050) ( 770) 16,456 139,041 $ 155,497	� � �
	( ( ( ( ( ( ( (	( ( ( ( ( ( ( ( (	$ 4,709,190 - ( 972,656 ) 5 ( 33,491 ) 1,875 ( 336,664 ) ( 3,285 ) ( 54,417 ) 87,952 1,476,138 ( 55,391 ) ( 845,743 ) - 130,976 4,430 ( 765,728) 462,070 926,641 3,848,660 $ 4,775,301

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==> picture [38 x 38] intentionally omitted <==

INDEPENDENT AUDITORS’ REPORT

The Board of Directors and Shareholders Alchip Technologies, Limited

Opinion

We have audited the accompanying consolidated financial statements of Alchip Technologies, Limited (the “Company”) and its subsidiaries (collectively referred to as the “Group”), which comprise the consolidated balance sheets as of December 31, 2023 and 2022, and the consolidated statements of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies (collectively referred to as the “consolidated financial statements”).

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as of December 31, 2023 and 2022, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

Basis for Opinion

We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and the Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with The Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements for the year ended December 31, 2023. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

The key audit matter of the Group’s consolidated financial statements for the year ended December 31, 2023 is stated as follows:

Valuation of Inventory

The Group is mainly engaged in the providing of silicon design services, producing and selling of customized chips. Due to the rapid upgrading of process technology in the semiconductor industry, products may suffer from value decline or obsolescence resulting from shrinkage of the product life cycle. With respect to those value-decline or obsolete inventories, a loss reserve is provided in accordance with the Group’s inventory impairment policy, furthermore, the inventory turnover, the demand for future orders, and the changes of industrial environment are taken into consideration by the management when determining the value of inventory. As such considerations involve the management’s subjective judgments with uncertainties, the valuation of inventory is identified as a key audit matter.

As of December 31, 2023 the Group’s inventory balance was NT$11,613,997 thousand (US$378,245 thousand), accounting for 36% of the total assets in the consolidated balance sheet. Refer to Notes 4, 5 and 11 to the consolidated financial statements for the relative accounting policy and information.

The main audit procedures that we performed in respect of the above area included the following, among others:

We obtained an understanding of the management’s assessment process of inventory impairment or obsolescence;
We evaluated the reasonableness of the Group’s inventory impairment policy on the basis of the Group’s inventory turnover and actual obsolescence situation;
We obtained the inventory aging report and verified the accuracy and completeness of the report, as well as the correctness of the classification for each aging interval. Furthermore, we recalculated the provision of the impairment loss in accordance with the inventory impairment policy;
We performed a retrospective review of the prior year’s inventory impairment or obsolescent losses estimated by the management, compared and analyzed them with the current year’s estimations to evaluate the reasonableness of the assumptions and judgments made by the management.

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and IFRS, IAS, IFRIC, and SIC endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

Those charged with governance, including the members of audit committee, are responsible for overseeing the Group’s financial reporting process.

Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient and appropriate audit evidence regarding the financial information of entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision, and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements for the year ended December 31, 2023, and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

The engagement partners on the audits resulting in this independent auditors’ report are Yi-Wen Wang and Li-Chun Chang.

Deloitte & Touche Taipei, Taiwan Republic of China

March 11, 2024

Notice to Readers

The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance and cash flows in accordance with accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit such consolidated financial statements are those generally applied in the Republic of China.

For the convenience of readers, the independent auditors’ report and the accompanying consolidated financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors’ report and consolidated financial statements shall prevail.

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

(In Thousands of New Taiwan Dollars)

ASSETS CURRENT ASSETS Cash and cash equivalents (Note 6) Financial assets at fair value through other comprehensive income (Note 7) Financial assets at amortized cost (Notes 8 and 28) Trade receivables, net (Note 10) Trade receivables due from related parties (Notes 10 and 27) Other receivables Inventories (Note 11) Prepayments (Notes 16 and 27) Other current assets Total current assets NON-CURRENT ASSETS Financial assets at fair value through other comprehensive income (Note 7) Financial assets at amortized cost (Notes 8 and 28) Investments accounted for using the equity method Property, plant and equipment (Note 13) Right-of-use assets (Note 14) Intangible assets (Note 15) Deferred tax assets (Note 22) Prepayments for equipment Other non-current assets Total non-current assets TOTAL LIABILITIES AND EQUITY CURRENT LIABILITIES Contract liabilities (Note 20) Trade payables Other payables (Note 17) Current tax liabilities (Note 22) Lease liabilities (Note 14) Other current liabilities Total current liabilities NON-CURRENT LIABILITIES Deferred tax liabilities (Note 22) Lease liabilities (Note 14) Deferred revenue Total non-current liabilities Total liabilities EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY (Notes 18 and 19) Share capital Capital surplus Retained earnings Special reserve Unappropriated earnings Total retained earnings Other equity Total equity attributable to owners of the Company NON-CONTROLLING INTERESTS Total equity TOTAL		2023		2022
		Amount % $ 10,159,556 31 93,906 - 3,882,724 12 2,298,230 7 138,817 - 206,407 1 11,613,997 36 835,483 3 186,897 1 29,416,017 91 430,120 1 94,011 - 55,974 - 1,160,441 4 251,556 1 413,657 1 140,715 1 402,935 1 92,775 - 3,042,184 9 $ 32,458,201 100 $ 10,407,774 32 1,925,436 6 1,050,547 4 710,618 2 75,804 - 75,457 - 14,245,636 44 5,951 - 150,521 - 21,676 - 178,148 - 14,423,784 44 743,187 3 10,419,696 32 67,693 - 6,057,071 19 6,124,764 19 726,467 2 18,014,114 56 20,303 - 18,034,417 56 $ 32,458,201 100		Amount % $ 4,775,301 24 126,812 1 1,904,020 10 1,412,756 7 - - 75,258 - 9,124,556 46 691,466 3 130,278 1 18,240,447 92 339,898 2 - - - - 710,484 4 125,511 1 89,456 - 61,907 - 56,070 - 114,352 1 1,497,678 8 $ 19,738,125 100 $ 3,362,684 17 1,937,572 10 897,941 4 326,545 2 51,275 - 31,746 - 6,607,763 33 35,696 - 70,326 1 22,286 - 128,308 1 6,736,071 34 719,280 4 7,792,801 39 347,922 2 3,387,886 17 3,735,808 19 745,605 4 12,993,494 66 8,560 - 13,002,054 66 $ 19,738,125 100

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

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

(In Thousands of U.S. Dollars)

ASSETS CURRENT ASSETS Cash and cash equivalents (Note 6) Financial assets at fair value through other comprehensive income (Note 7) Financial assets at amortized cost (Notes 8 and 28) Trade receivables, net (Note 10) Trade receivables due from related parties (Notes 10 and 27) Other receivables Inventories (Note 11) Prepayments (Notes 16 and 27) Other current assets Total current assets NON-CURRENT ASSETS Financial assets at fair value through other comprehensive income (Note 7) Financial assets at amortized cost (Notes 8 and 28) Investments accounted for using the equity method Property, plant and equipment (Note 13) Right-of-use assets (Note 14) Intangible assets (Note 15) Deferred tax assets (Note 22) Prepayments for equipment Other non-current assets Total non-current assets TOTAL LIABILITIES AND EQUITY CURRENT LIABILITIES Contract liabilities (Note 20) Trade payables Other payables (Note 17) Current tax liabilities (Note 22) Lease liabilities (Note 14) Other current liabilities Total current liabilities NON-CURRENT LIABILITIES Deferred tax liabilities (Note 22) Lease liabilities (Note 14) Deferred revenue Total non-current liabilities Total liabilities EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY (Notes 18 and 19) Share capital Capital surplus Retained earnings Special reserve Unappropriated earnings Total retained earnings Other equity Total equity attributable to owners of the Company NON-CONTROLLING INTERESTS Total equity TOTAL		2023		2022
		Amount % $ 330,876 31 3,058 - 126,453 12 74,849 7 4,521 - 6,723 1 378,245 36 27,210 3 6,087 1 958,022 91 14,008 1 3,062 - 1,823 - 37,793 4 8,193 1 13,472 1 4,583 1 13,123 1 3,021 - 99,078 9 $ 1,057,100 100 $ 338,960 32 62,708 6 34,214 4 23,143 2 2,469 - 2,458 - 463,952 44 194 - 4,902 - 706 - 5,802 - 469,754 44 23,814 2 356,315 34 2,799 1 202,377 19 205,176 20 1,384 - 586,689 56 657 - 587,346 56 $ 1,057,100 100		Amount % $ 155,497 24 4,129 1 62,000 10 46,003 7 - - 2,451 - 297,120 46 22,516 3 4,242 1 593,958 92 11,068 2 - - - - 23,135 4 4,087 1 2,913 - 2,016 - 1,826 - 3,723 1 48,768 8 $ 642,726 100 $ 109,498 17 63,093 10 29,239 4 10,633 2 1,670 - 1,033 - 215,166 33 1,162 - 2,290 1 726 - 4,178 1 219,344 34 23,043 4 271,652 42 12,784 2 116,106 18 128,890 20 (468) - 423,117 66 265 - 423,382 66 $ 642,726 100

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

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

(In Thousands of New Taiwan Dollars or U.S. Dollars, Except Earnings Per Share)

OPERATING REVENUE (Notes 20 and 27) OPERATING COSTS (Notes 11 and 21) GROSS PROFIT OPERATING EXPENSES (Notes 21 and 27) Selling and marketing expenses General and administrative expenses Research and development expenses Expected credit loss on trade receivables Total operating expenses PROFIT FROM OPERATIONS NON-OPERATING INCOME AND EXPENSES (Note 21) Interest income Other income Other gains and losses Finance costs Share of loss of associates by the equity method Expected credit (loss) gain Total non-operating income and expenses PROFIT BEFORE INCOME TAX INCOME TAX EXPENSE (Note 22) NET PROFIT FOR THE YEAR OTHER COMPREHENSIVE INCOME (LOSS) 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 Exchange differences on translation to the presentation currency Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of the financial statements of foreign operations Unrealized gain (loss) on investments in debt instruments at fair value through other comprehensive income Other comprehensive income (loss) for the year, net of income tax TOTAL COMPREHENSIVE INCOME FOR THE YEAR NET PROFIT (LOSS) ATTRIBUTABLE TO Owners of the Company Non-controlling interests			2023 NTD % $ 30,481,576 100 23,687,225 78 6,794,351 22 249,721 1 857,295 3 1,546,585 5 379,478 1 3,033,079 10 3,761,272 12 353,179 1 80,082 1 24,164 - (6,119 ) - (14,862 ) - (52) - 436,392 2 4,197,664 14 877,148 3 3,320,516 11 59,720 - (76,836 ) - (6,094 ) - 4,072 - (19,138) - $ 3,301,378 11 $ 3,325,170 11 (4,654) - $ 3,320,516 11			2022
		USD $ 978,385 760,303 218,082 8,015 27,517 49,642 12,180 97,354 120,728 11,336 2,570 776 (196 ) (477 ) (2) 14,007 134,735 28,154 106,581 1,917 - (196 ) 131 1,852 $ 108,433 $ 106,730 (149) $ 106,581			USD $ 460,500 311,882 148,618 7,183 20,980 39,286 3,630 71,079 77,539 2,938 1,763 (2,190 ) (96 ) - 2 2,417 79,956 18,447 61,509 (1,649 ) - (350 ) (602) (2,601) $ 58,908 $ 61,547 (38) $ 61,509	NTD % $ 13,725,204 100 9,295,633 68 4,429,571 32 214,075 2 625,311 4 1,170,945 8 108,185 1 2,118,516 15 2,311,055 17 87,572 1 52,559 - (65,267 ) (1 ) (2,868 ) - - - 69 - 72,065 - 2,383,120 17 549,827 4 1,833,293 13 (49,146 ) - 1,171,065 8 (10,461 ) - (17,931) - 1,093,527 8 $ 2,926,820 21 $ 1,834,414 13 (1,121) - $ 1,833,293 13 (Continued)

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (In Thousands of New Taiwan Dollars or U.S. Dollars, Except Earnings Per Share)

TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO Owners of the Company Non-controlling interests EARNINGS PER SHARE (Note 23) Basic Diluted			2023 NTD % $ 3,306,032 11 (4,654) - $ 3,301,378 11 $ 45.47 $ 43.27			2022
		USD $ 108,582 (149) $ 108,433 $ 1.46 $ 1.39			USD $ 58,946 (38) $ 58,908 $ 0.86 $ 0.82	NTD % $ 2,927,941 21 (1,121) - $ 2,926,820 21 $ 25.69 $ 24.47

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

(Concluded)

									Total Equity	$ 10,348,204		-	(790,324 )	381,948	130,976	1,833,293		1,093,527	2,926,820	4,430	13,002,054		-	(930,917 )	1,998,240	342,918	309,644	3,320,516		(19,138 )	3,301,378	11,100	$ 18,034,417
								Non-controlling	Interests	$ -		-	-	-	-	(1,121 )		-	(1,121 )	9,681	8,560		-	-	-	-	-	(4,654 )		-	(4,654 )	16,397	$ 20,303
									Total	$ 10,348,204		-	(790,324 )	381,948	130,976	1,834,414		1,093,527	2,927,941	(5,251 )	12,993,494		-	(930,917 )	1,998,240	342,918	309,644	3,325,170		(19,138 )	3,306,032	(5,297 )	$ 18,014,114
	Other Equity	Unrealized	Exchange Valuation Gain	Differences on (Loss) on	Translation of the Financial Assets	Financial at Fair Value	Statements of Through Other	Foreign Comprehensive	Operations Income	$ (418,292 ) $ 70,370		- -	- -	- -	- -	- -		1,160,604 (67,077 )	1,160,604 (67,077 )	- -	742,312 3,293		- -	- -	- -	- -	- -	- -		(82,930 ) 63,792	(82,930 ) 63,792	- -	$ 659,382 $ 67,085
									Total	2,696,969		-	(790,324 )	-	-	1,834,414		-	1,834,414	(5,251 )	3,735,808		-	(930,917 )	-	-	-	3,325,170		-	3,325,170	(5,297 )	6,124,764
Equity Attributable to Owners of the Company							Retained Earnings	Unappropriated	Total Special Reserve Earnings	$ 7,292,281 $ 201,957 $ 2,495,012 $		- 145,965 (145,965 )	- - (790,324 )	381,948 - -	118,572 - -	- - 1,834,414		- - -	- - 1,834,414	- - (5,251 )	7,792,801 347,922 3,387,886		- (280,229 ) 280,229	- - (930,917 )	1,984,440 - -	342,918 - -	299,537 - -	- - 3,325,170		- - -	- - 3,325,170	- - (5,297 )	$ 10,419,696 $ 67,693 $ 6,057,071 $
								Capital Surplus	Share Options	$ 345,138		-	-	381,948	(31,513 )	-		-	-	-	695,573		-	-	-	342,918	(174,096 )	-		-	-	-	$ 864,395
									Share Premium	$ 6,947,143		-	-	-	150,085	-		-	-	-	7,097,228		-	-	1,984,440	-	473,633	-		-	-	-	$ 9,555,301
									Share Capital	BALANCE AT JANUARY 1, 2022 $ 706,876	Appropriation of 2021's earnings	Special reserve -	Cash dividends -	Share-based payments -	Issuance of ordinary shares under the employee share options 12,404	Net profit (loss) for the year ended December 31, 2022 -	Other comprehensive income (loss) for the year ended December 31, 2022,	net of income tax -	Total comprehensive income (loss) for the year ended December 31, 2022 -	Changes in percentage of ownership interest in subsidiaries -	BALANCE AT DECEMBER 31, 2022 719,280	Appropriation of 2022's earnings	Reversal of special reserve -	Cash dividends -	Issuance of ordinary shares by private placement 13,800	Share-based payments -	Issuance of ordinary shares under the employee share options 10,107	Net profit (loss) for the year ended December 31, 2023 -	Other comprehensive income (loss) for the year ended December 31, 2023,	net of income tax -	Total comprehensive income (loss) for the year ended December 31, 2023 -	Changes in percentage of ownership interest in subsidiaries -	BALANCE AT DECEMBER 31, 2023 $ 743,187

									Total Equity	$ 373,851		-	(26,772 )	12,815	4,441	61,509		(2,601 )	58,908	139	423,382		-	(30,269 )	64,439	11,007	9,988	106,581		1,852	108,433	366	$587,346
								Non-controlling	Interests	$ -		-	-	-	-	(38 )		-	(38 )	303	265		-	-	-	-	-	(149 )		-	(149 )	541	$ 657
									Total	$ 373,851		-	(26,772 )	12,815	4,441	61,547		(2,601 )	58,946	(164 )	423,117		-	(30,269 )	64,439	11,007	9,988	106,730		1,852	108,582	(175 )	$586,689
	Other Equity	Unrealized	Exchange Valuation Gain	Differences on (Loss) on	Translation of the Financial Assets	Financial at Fair Value	Statements of Through Other	Foreign Comprehensive	Operations Income	$ (364 ) $ 2,497		- -	- -	- -	- -	- -		(350 ) (2,251 )	(350 ) (2,251 )	- -	(714 ) 246		- -	- -	- -	- -	- -	- -		(196 ) 2,048	(196 ) 2,048	- -	$ (910 ) $ 2,294
									Total	$ 94,279		-	(26,772 )	-	-	61,547		-	61,547	(164 )	128,890		-	(30,269 )	-	-	-	106,730		-	106,730	(175 )	$205,176
Equity Attributable to Owners of the Company							Retained Earnings	Unappropriated	Special Reserve Earnings	$ 7,548 $ 86,731		5,236 (5,236 )	- (26,772 )	- -	- -	- 61,547		- -	- 61,547	- (164 )	12,784 116,106		(9,985 ) 9,985	- (30,269 )	- -	- -	- -	- 106,730		- -	- 106,730	- (175 )	$ 2,799 $202,377
									Total	$ 254,819		-	-	12,815	4,018	-		-	-	-	271,652		-	-	63,994	11,007	9,662	-		-	-	-	$356,315
								Capital Surplus	Share Options	$ 12,000		-	-	12,815	(2,354 )	-		-	-	-	22,461		-	-	-	11,007	(5,865 )	-		-	-	-	$27,603
									Share Premium	$ 242,819		-	-	-	6,372	-		-	-	-	249,191		-	-	63,994	-	15,527	-		-	-	-	$ 328,712
									Share Capital	$ 22,620		-	-	-	423	-		-	-	-	23,043		-	-	445	-	326	-		-	-	-	$23,814
										BALANCE AT JANUARY 1, 2022	Appropriation of 2021's earnings	Special reserve	Cash dividends	Share-based payments	Issuance of ordinary shares under the employee share options	Net profit (loss) for the year ended December 31, 2022	Other comprehensive loss for the year ended December 31, 2022, net of	income tax	Total comprehensive income (loss) for the year ended December 31, 2022	Changes in percentage of ownership interest in subsidiaries	BALANCE AT DECEMBER 31, 2022	Appropriation of 2022's earnings	Reversal of special reserve	Cash dividends	Issuance of ordinary shares by private placement	Share-based payments	Issuance of ordinary shares under the employee share options	Net profit (loss) for the year ended December 31, 2023	Other comprehensive income (loss) for the year ended December 31, 2023,	net of income tax	Total comprehensive income (loss) for the year ended December 31, 2023	Changes in percentage of ownership interest in subsidiaries	BALANCE AT DECEMBER 31, 2023

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (In Thousands of New Taiwan Dollars or U.S. Dollars)

CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax Adjustments for: Depreciation and amortization Expected credit loss Finance costs Interest income Share-based compensation Share of loss of associates by the equity method Loss on disposal of equipment Net gain on disposal of financial assets Write-down of inventories Net unrealized (gain) loss on foreign currency exchange Amortization of prepayments Net changes in operating assets and liabilities Trade receivables Other receivables Inventories Prepayments Other current assets Contract liabilities Trade payables Other payables Other current liabilities Deferred revenue Net cash generated from operations Interest paid Income tax paid Net cash generated from (used in) operating activities 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		2023 USD NTD $ 134,735 $ 4,197,664 64,880 2,021,317 12,182 379,530 196 6,119 (11,336) (353,179) 11,007 342,918 477 14,862 7 208 (5) (162) 1,563 48,699 (394) (16,075) 6,949 216,502 (45,259) (1,410,036) (2,425) (75,554) (82,688) (2,576,133) (11,213) (349,368) (1,845) (57,471) 229,462 7,148,891 (316) (9,856) 10,549 332,475 503 15,634 902 28,112 317,931 9,905,097 (196) (6,119) (19,034) (593,020) 298,701 9,305,958 (3,990) (124,320) 4,096 127,611		2022
		USD $ 134,735 64,880 12,182 196 (11,336) 11,007 477 7 (5) 1,563 (394) 6,949 (45,259) (2,425) (82,688) (11,213) (1,845) 229,462 (316) 10,549 503 902 317,931 (196) (19,034) 298,701 (3,990) 4,096		USD NTD $ 79,956 $ 2,383,120 69,059 2,058,309 3,628 108,116 96 2,868 (2,938) (87,572) 12,815 381,948 - - 3 81 (15) (451) 1,105 32,920 856 25,538 4,655 138,728 (15,148) (451,477) (879) (26,186) (260,021) (7,749,923) 13,762 410,189 (2,794) (83,285) 56,024 1,669,812 48,712 1,451,843 567 16,913 485 14,494 - - 9,928 295,985 (96) (2,868) (18,083) (538,956) (8,251) (245,839) (6,151) (183,309) 2,652 79,043 (Continued)

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (In Thousands of New Taiwan Dollars or U.S. Dollars)

Purchase of financial assets at amortized cost Proceeds from sale of financial assets at amortized cost Acquisition of investments accounted for the equity method Payments for purchase of equipment Proceeds from disposal of equipment Increase in refundable deposits Decrease in refundable deposits Payments for purchase of intangible assets Increase in other non-current assets Increase in prepayments for equipment Interest received Net cash (used in) generated from investing activities CASH FLOWS FROM FINANCING ACTIVITIES Repayment of the principal portion of lease liabilities Dividends paid to owners of the Company Proceeds from issuance of ordinary shares- private placement Proceeds from exercise of employee share options Changes in non-controlling interests Net cash generated from (used in) financing activities EFFECTS OF EXCHANGE RATE CHANGES ON THE BALANCE OF CASH HELD IN FOREIGN CURRENCIES NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR		2023 USD NTD $ (192,657) $ (6,002,224) 125,110 3,897,812 (2,300) (70,323) (61,381) (1,912,329) - 14 (42) (1,295) 641 19,966 (30,098) (937,669) - - (13,123) (408,841) 9,407 293,103 (164,337) (5,118,495) (3,252) (101,300) (30,269) (930,917) 64,439 1,998,240 9,988 309,644 - - 40,906 1,275,667 109 (78,875) 175,379 5,384,255 155,497 4,775,301 $ 330,876 $ 10,159,556		2022	2022
		USD $ (192,657) 125,110 (2,300) (61,381) - (42) 641 (30,098) - (13,123) 9,407 (164,337) (3,252) (30,269) 64,439 9,988 - 40,906 109 175,379 155,497 $ 330,876		USD $ (61,000) 158,000 - (32,634) - (1,124) 63 (11,295) (110) (1,826) 2,952 49,527 (1,858) (26,772) - 4,441 139 (24,050) (770) 16,456 139,041 $ 155,497	NTD $ (1,818,105) 4,709,190 - (972,656) 5 (33,491) 1,875 (336,664) (3,285) (54,417) 87,952 1,476,138 (55,391) (845,743) - 130,976 4,430 (765,728) 462,070 926,641 3,848,660 $ 4,775,301

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

(Concluded)

�� EXHIBIT V

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Alchip — AGM Information 2024

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【附件一】 EXHIBIT I

英屬開曼群島商世芯電子股份有限公司 營業報告書

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Research and Development

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Alchip Technologies, Limited AUDIT COMMITTEE’S REVIEW REPORT

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INDEPENDENT AUDITORS’ REPORT

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Valuation of Inventory

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

ALCHIP TECHNOLOGIES, LIMITED AND SUBSIDIARIES

Alchip AGM Information 2024

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