Stock Code: 2471

Ares International Corporation

2026 Annual Shareholders’ Meeting

Meeting Handbook

Date: June 23, 2026

Location: No. 111, Sec. 2, Zhongshan N. Rd., Taipei City (Rm. 807, 8F, Shuanglian Building)

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Chapter 1. Meeting Procedure ... 2
Chapter 2. Meeting Agenda ... 3
Chapter 3. Management Presentation (Company Reports) ... 4
Chapter 4. Matters to be Ratified ... 8
Chapter 5. Matters to be Discussed ... 8
Chapter 6. Extempore Motions ... 10

Attachments

I. 2025 Independent Auditors’ Report and Financial Statements ... 11
II. Comparison table of the “Articles of Incorporation” and articles before and after amendments ... 32
III. Details of Competitive Activities of Directors' Representatives ... 38
IV. Rules of Procedure for Shareholders’ Meetings ... 39
V. Directors’ Shareholding ... 42

Ares International Corporation

Meeting Procedure of the 2026 Annual Shareholders’ Meeting

I. Call the meeting to order
II. Chairperson’s opening speech
III. Management Presentation (Company Reports)
IV. Matters to be Ratified
V. Matters to be Discussed
VI. Extempore Motions
VII. Adjournment

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Ares International Corporation

Meeting Agenda of the 2026 Annual Shareholders’ Meeting

Time: June 23, 2026 (Thursday) 9 a.m.
Location: No. 111, Sec. 2, Zhongshan N. Rd., Taipei City (Rm. 807, 8F, Shuanglian Building)
Type of meeting: Physical shareholders’ meeting

(I) Call the meeting to order (announcing the total number of shares represented at the meeting)

(II) Chairperson’s opening speech

(III) Management Presentation (Company Reports)
1. Business report for 2025
2. Audit Committee’s audit report for 2025.
3. Report on the distribution of remuneration to employees and directors from earnings in 2025.

(IV) Matters to be ratified
1. Business report and financial statements for 2025.
2. Proposal for the distribution of earnings for 2025.

(V) Matters to be discussed
1. Proposal for the partial amendment of the “Articles of Incorporation.”
2. Proposal for the lifting of the non-compete restriction on directors’ representatives.

(VI) Extempore Motions

(VII) Adjournment

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Management Presentation (Company Reports)

I. The business report for 2025 is presented for review.

Founded 46 years ago, Ares International Corporation has adhered to the management philosophies of “integrity”, “service”, “quality”, and “innovation”, fulfilled its promise to customers, and maintained the Company’s reputation as a service provider, with the goal of sustaining business growth and seek maximizing shareholders’ interests.

In the new year, in response to the global trade war, tariff escalations, and the resulting supply chain restructuring triggered since the Trump administration, the Company will continue to promote digital transformation solutions, use AI tools to strengthen system development capabilities and efficiency, and increase product synergy. We will also strengthen expansion into the Southeast Asian market, while reinforcing customer relationship management and product development both horizontally and vertically. To cope with the impact of a declining birthrate, the Company will work more on the application and improvement of recruitment policies.

In foreign markets, the Company will continue to expand into relevant markets with the Human Capital Planner (HCP), Computer Integrated Manufacturing Execution System (ciMes), and ERP integrated services. We will also incorporate AI elements into our products for various development applications. In addition, we also integrate IoT (Internet of Things) solutions of vendors to accelerate the promotion of smart manufacturing innovative applications.

In addition, there have been rising threats to information security, a trend of including information security issues, such as information security incident reporting and policies, into annual reports, information security incidents that have frequently occurred in Taiwan, and information security investment tax credits. We will strengthen the breadth of our distributor products, such as KnowBe4, an information security awareness training product, and the well-known endpoint protection software Comodo. Ares will strive to meet customers’ various information security needs in a stepwise manner through in-depth and wide-ranging promotion strategies, providing one-stop comprehensive services.

In addition, to meet the ESG (Environmental, Social, and Governance) requirements, sustainable time frame planning, and other regulatory requirements, the Company has taken a proactive approach to implementing and writing a sustainability report. Through implementing experience internally, we are dedicated to exploring the needs of enterprises in terms of the overall energy conservation and carbon reduction software applications.

For banking applications, financial institutions’ ongoing investment in anti-money laundering and KYC compliance has resulted in significant demand for relevant applications from large transnational corporations. In addition, in response to the demand for high-tech embargo control derived from international sanctions, KYC and generative AI are also used to create new solutions. This shows that Ares can offer customers one-stop comprehensive banking solutions through the expansion of its experience to boost growth and profits.

The Company upholds the idea of using information technology to provide enterprises with complete one-stop management solutions and assist them in improving

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their information utilization capability, enhancing their information application level, and increasing their competitiveness and profitability.

We appreciate every shareholder’s long-term support for the Company and wish each of you good health and big investment gains.

Chairperson: Hung-Yang Yu

President: Qing-Long Lin

Chief Accountant: Cuei-Ying Wang

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II. The Audit Committee’s audit report for 2025 is presented for review.

Ares International Corporation

Audit Committee’s Audit Report

CPA Fu-Ming Liao and CPA Ching-Chang Chen of PwC Taiwan have audited Ares International Corporation’s parent-only and consolidated financial statements for 2025 (January 1, 2025 to December 31, 2025) prepared by the Board of Directors. After auditing the parent-only and consolidated financial statements along with the business report and proposal for earnings distribution for 2025, the Audit Committee believes that they comply with the Company Act and related laws and regulations and has prepared this report for reference in accordance with Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Act. Please review.

Ares International Corporation’s 2026 Annual Shareholders’ Meeting

Convener of the Audit Committee: Ming-Da Huang

March 10, 2026

III. The report on the distribution of remuneration to employees and directors from earnings in 2025 is presented for review.

Description:

The remuneration of the employees and directors for 2025 has been distributed from earnings in accordance with the Articles of Incorporation. The Company shall use earnings (i.e., pre-tax profits before the remuneration of the employees and directors is deducted therefrom) in the current year to make up for accumulated losses and calculate the remuneration of the employees and directors based on the remaining profits.
The distribution of remuneration to the Company’s employees and directors for 2025 is shown below. The remuneration has been distributed in cash in whole.

Ares International Corporation
Remuneration of Employees and Directors for 2025
Unit: NT$

Employee remuneration	21,061,347
Director remuneration	7,020,449

Matters to be Ratified

Motion 1
Proposed by the Board of Directors

Proposal: The business report and financial statements for 2025 are presented for ratification.

Description:
1. The Company’s (consolidated and parent-only) financial statements for 2025 have been audited by CPA Fu-Ming Liao and CPA Ching-Chang Chen of PwC Taiwan. The financial statements along with the business report have been submitted to and audited by the Audit Committee, and the audit report has been issued for reference thereafter.
2. For the business report, independent auditors’ report and the aforementioned financial statements, please refer to Page 4 to Page 5 and Page 11 to Page 31 in Attachment 1 of the Handbook.

Resolution:

Motion 2
Proposed by the Board of Directors

Proposal: The proposal for the distribution of earnings for 2025 is presented for ratification.

Description:
1. The Company’s earnings distribution statement for 2025 was approved by the Board of Directors on March 10, 2026.
2. The Company’s distribution of earnings for 2025 is detailed in the following statement.

Ares International Corporation
2025 Earnings Distribution Statement
Unit: NT$

Item	Amount
Opening undistributed earnings	13,258,022
Plus: Adjustment to retained earnings in 2025	1,130,528
Plus: Profits after tax in 2025	171,754,267
Less: 10% set aside as legal reserves	(17,288,480)
Plus: Special reserves transferred to earnings	900,823
Distributable earnings	169,755,160
Distribution item:
Shareholder bonus (a cash dividend of NT$3.31183609 per share)	156,497,138
Closing undistributed earnings	13,258,022

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Note:
1. If the dividend payout ratio must be adjusted as a result of the change in the share capital that has influenced the number of the Company’s outstanding shares, the annual shareholders’ meeting shall be requested to authorize the Chairperson with full power to handle this matter.
2. The amount of the cash dividend is calculated proportionally and truncated to the nearest whole NT dollar. Fractional amounts of less than NT$1 are summed up and allocated based on the size of decimals in descending order and the account number in sequential order until the total amount of the cash dividend is allocated. After the annual shareholders’ meeting, the Chairperson is authorized to set the record date for the dividend payout.
3. The earnings distributed shall be allocated from the earnings in 2025 as the first priority.

Chairperson: Hung-Yang Yu
President: Qing-Long Lin
Chief Accountant: Cuei-Ying Wang

Resolution:

Matters to be Discussed

Motion 1
Proposed by the Board of Directors

Proposal: Proposal for the partial amendment of the “Articles of Incorporation,” presented for discussion.

Description:
1. The “Articles of Incorporation” are to be amended in accordance with practical operational adjustments.
2. For the comparison table of the “Articles of Incorporation” before and after amendments, please refer to p.32, Attachment 2.

Resolution:

Motion 2
Proposed by the Board of Directors

Proposal: Proposal for the lifting of the non-compete restriction on directors’ representatives, presented for discussion.

Description:
1. According to Article 209 of the Company Act: “A director who does anything for himself or on behalf of another person that is within the scope of the company’s business shall explain to the shareholders’ meeting the essential contents of such an act and secure its approval,” a proposal to lift the non-compete restriction on the directors’ representatives elected at the shareholders’ meeting is presented to the shareholders’ meeting in order to draw support from their expertise and related experience.
2. Details of Competitive Activities of Directors' Representatives, please refer to page 38, Attachment 3 of the Handbook.

Resolution:

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Extempore Motions

Adjournment

Attachments

Attachment 1

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

To the Board of Directors and Shareholders of Ares International Corp.

Opinion

We have audited the accompanying parent company only balance sheets of Ares International Corp. (the "Company") as at December 31, 2025 and 2024, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the parent company only financial statements, including a summary of material accounting policies.

In our opinion, based on our audits and reports of other independent auditors, the accompanying parent company only financial statements present fairly, in all material respects, the financial position of the Company as at December 31, 2025 and 2024, and its financial performance and its cash flows for the years then ended in accordance with the "Regulations Governing the Preparation of Financial Reports by Securities Issuers".

Basis for opinion

We conducted our audits in accordance with the "Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants" and 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 parent company only financial statements section of our report. We are independent of the Company in accordance with the Norm of Professional Ethics for Certified Public Accountant in the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. Based on our audits and reports of other independent auditors, 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 judgement, were of most significance in our audit of the Company's 2025 parent company only financial statements. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matter for the Company's 2025 parent company only financial statements is stated as follows:

Occurrence and validity of specific sales and service revenue

Description

Refer to Note 4(23) for accounting policies on operating revenue recognition and Note 6(16) for details of operating revenue.

In accordance with auditing standards, there is a presumed significant risk related to revenue recognition. Within the Company’s revenue, sales revenue and service revenue recognised at a point in time are material to the financial statements. In view of their material impact on the financial statements, we identified the occurrence of the aforementioned point-in-time sales and service revenue as a key audit matter.

How our audit addressed the matter

The procedures that we have performed in response to specific aspects of the above-mentioned key audit matter are summarised as follows:

A. Obtained an understanding of internal controls related to the revenue process and tested the operating effectiveness of controls over customer contract management, customer orders, invoicing, revenue recognition, collections, and offsetting.

B. Obtained a revenue summary and, for sales contracts in the current period, performed the following procedures:

(a) Sampled and inspected customer acceptance certificates.

(b) Checked whether the acceptance certificates provided by customers were consistent with the timing of revenue recognition and that the related entries were appropriately recorded.

Other matter – Reference to the audits of other auditors

We did not audit the financial statements of certain investments accounted for under the equity method which were audited by other auditors. Therefore, our opinion expressed herein, insofar as it relates to the amounts included in respect of these associates, is based solely on the reports of the other auditors. The balance of these investments accounted for under the equity method amounted to NT$116,030 thousand and NT$119,856 thousand, constituting 7.59% and 8.37% of the total assets as at December 31, 2025 and 2024, respectively, and the comprehensive income recognised from associates and joint ventures accounted for under the equity method amounted to NT$21,058 thousand and NT$22,678 thousand, constituting 12.12% and 14.11% of the total comprehensive income for the years then ended, respectively.

Responsibilities of management and those charged with governance for the parent company only financial statements

Management is responsible for the preparation and fair presentation of the parent company only financial statements in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Issuers”, and for such internal control as management determines is necessary to enable the preparation of parent company only financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the parent company only financial statements, management is responsible for assessing the Company’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 Company or to cease operations, or has no realistic alternative but to do so.

Those charged with governance, including supervisors, are responsible for overseeing the Company’s financial reporting process.

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Auditors’ responsibilities for the audit of the parent company only financial statements

Our objectives are to obtain reasonable assurance about whether the parent company only 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 parent company only financial statements.

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

Identify and assess the risks of material misstatement of the parent company only 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 Company’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 Company’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 parent company only 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 Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the parent company only financial statements, including the disclosures, and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the 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

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that were of most significance in the audit of the parent company only financial statements of the current period 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.

CPA Liao, Fu-Ming
CPA Chen, Ching-Chang

For and on behalf of PricewaterhouseCoopers, Taiwan
March 10, 2026

The accompanying parent company only financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying parent company only financial statements and independent auditors' report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.

As the financial statements are the responsibility of the management, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.

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(ARES INTERNATIONAL CORP.
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

ARES INTERNATIONAL CORP.
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

Assets	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current assets
1100	Cash and cash equivalents	6(1)	$ 674,440	44	$ 580,214	41
1136	Financial assets at amortised cost - current	6(2) and 8
			264,092	17	273,510	19
1140	Contract assets - current	6(16)	138,304	9	143,450	10
1150	Notes receivable, net	6(3)	1,701	-	-	-
1170	Accounts receivable, net	6(3)	72,055	5	72,139	5
1180	Accounts receivable - related parties, net	7
			986	-	536	-
1200	Other receivables		3,247	-	3,274	-
1210	Other receivables - related parties	7	1	-	-	-
1410	Prepayments	6(4)	32,744	2	34,265	3
1470	Other current assets	8	65,789	5	61,846	4
11XX	Total current assets		1,253,359	82	1,169,234	82
Non-current assets
1550	Investments accounted for using the equity method	6(6)
			170,222	11	170,083	12
1600	Property, plant and equipment	6(7)	58,134	4	52,709	4
1755	Right-of-use assets	6(8)	19,669	1	8,124	-
1780	Intangible assets		208	-	459	-
1840	Deferred income tax assets	6(22)	15,780	1	21,296	1
1920	Guarantee deposits paid	8	10,423	1	9,620	1
15XX	Total non-current assets		274,436	18	262,291	18
1XXX	Total assets		$ 1,527,795	100	$ 1,431,525	100

(Continued)

(ARES INTERNATIONAL CORP.
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

ARES INTERNATIONAL CORP.
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current liabilities
2130	Contract liabilities - current	6(16)	$ 248,284	16	$ 183,191	13
2170	Accounts payable	6(9)	59,245	4	73,396	5
2180	Accounts payable - related parties	7	9,302	1	10,571	1
2200	Other payables	6(10)	157,323	10	141,219	10
2220	Other payables - related parties	7	2	-	57	-
2230	Current income tax liabilities		16,460	1	11,428	1
2250	Provisions for liabilities - current	6(12)	3,204	-	1,039	-
2280	Lease liabilities - current		17,537	1	4,722	-
21XX	Total current liabilities		511,357	33	425,623	30
Non-current liabilities
2580	Non-current lease liabilities		2,790	-	3,508	-
2640	Non-current accrued pension	6(11)
	liabilities		69,198	5	82,866	6
25XX	Total non-current liabilities		71,988	5	86,374	6
2XXX	Total liabilities		583,345	38	511,997	36
Equity
	Share capital	6(13)
3110	Common stock		472,539	31	472,539	33
	Capital surplus	6(14)
3200	Capital surplus		156,500	10	160,803	11
	Retained earnings	6(15)
3310	Legal reserve		128,366	9	112,199	8
3320	Special reserve		4,886	-	3,943	-
3350	Unappropriated retained earnings		186,144	12	174,930	12
	Other equity interest
3400	Other equity interest		( 3,985)	-	( 4,886)	-
3XXX	Total equity		944,450	62	919,528	64
	Significant contingent liabilities and unrecognised contract commitments	9
	Significant events after the balance sheet date	11
3X2X	Total liabilities and equity		$ 1,527,795	100	$ 1,431,525	100

The accompanying notes are an integral part of these parent company only financial statements.

ARES INTERNATIONAL CORP.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
4000	Operating revenue	6(16) and 7	$	971,713	100	$	856,218
5000	Operating cost	6(20)(21) and 7	(	567,275)	(	59)	(
5950	Gross profit			404,438	41		327,830
	Operating expenses	6(20)(21) and 7
6100	Selling expenses		(	70,984)	(	7)	(
6200	General and administrative expenses		(	68,487)	(	7)	(
6300	Research and development expenses		(	89,357)	(	9)	(
6450	Reversal of (provision for) expected credit losses	12(2)
				3,316	-	(	5,287)
6000	Total operating expenses		(	225,512)	(	23)	(
6900	Operating profit			178,926	18		114,291
	Non-operating income and expenses
7100	Interest income	6(17)		14,593	2		19,652
7010	Other income	6(18) and 7		1,778	-		1,294
7020	Other gains and losses	6(19)	(	14,756)	(	1)	36,370
7050	Finance costs	6(8)	(	868)	-	(	352)
7070	Share of profit of associates and joint ventures accounted for using equity method	6(6)
				23,920	2		19,285
7000	Total non-operating income and expenses			24,667	3		76,249
7900	Profit before income tax			203,593	21		190,540
7950	Income tax expense	6(22)	(	31,839)	(	3)	(
8200	Profit for the year		$	171,754	18	$	157,380
	Other comprehensive income
	Components of other comprehensive income (loss) that will not be reclassified to profit or loss
8311	Actuarial gain on defined benefit plan	6(11)	$	1,442	-	$	5,387
8330	Share of other comprehensive loss of associates and joint ventures accounted for using equity method, components of other comprehensive (loss) income that will not be reclassified to profit or loss	6(6)
			(	23)	-	(	19)
8349	Income tax relating to components of other comprehensive income	6(22)
8310	Other comprehensive income that will not be reclassified to profit or loss			1,131	-		4,291
	Components of other comprehensive income (loss) that will be reclassified to profit or loss
8361	Financial statements translation differences of foreign operations			1,126	-	(	1,178)
8399	Income tax relating to components of other comprehensive income	6(22)
8360	Other comprehensive income (loss) that will be reclassified to profit or loss			901	-	(	943)
8300	Other comprehensive income for the year		$	2,032	-	$	3,348
8500	Total comprehensive income in the year		$	173,786	18	$	160,728
	Earnings per share (in dollars)	6(23)
9750	Basic		$		3.63	$
9850	Diluted		$		3.58	$

The accompanying notes are an integral part of these parent company only financial statements.

(ARES INTERNATIONAL CORP.
PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

ARES INTERNATIONAL CORP.
PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Notes	Common stock	Capital surplus	Retained Earnings			Other equity interest		Total equity
				Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealised losses from financial assets measured at fair value through other comprehensive income
Year ended December 31, 2024
Balance at January 1, 2024		$ 472,539	$ 156,960	$ 94,962	$ 4,146	$ 185,624	($ 1,943 )	($ 2,000 )	$ 910,288
Profit for the year		-	-	-	-	157,380	-	-	157,380
Other comprehensive income (loss)		-	-	-	-	4,291	( 943 )	-	3,348
Total comprehensive income (loss)		-	-	-	-	161,671	( 943 )	-	160,728
Appropriations of 2023 earnings	6(15)
Legal reserve		-	-	17,237	-	( 17,237 )	-	-	-
Special reserve		-	-	-	( 203 )	203	-	-	-
Cash dividends		-	-	-	-	( 155,331 )	-	-	( 155,331 )
Change in equity of associates in proportion to the Company's ownership percentage	6(14)	-	3,746	-	-	-	-	-	3,746
Others	6(14)	-	97	-	-	-	-	-	97
Balance at December 31, 2024		$ 472,539	$ 160,803	$ 112,199	$ 3,943	$ 174,930	($ 2,886 )	($ 2,000 )	$ 919,528
Year ended December 31, 2025
Balance at January 1, 2025		$ 472,539	$ 160,803	$ 112,199	$ 3,943	$ 174,930	($ 2,886 )	($ 2,000 )	$ 919,528
Profit for the year		-	-	-	-	171,754	-	-	171,754
Other comprehensive income		-	-	-	-	1,131	901	-	2,032
Total comprehensive income		-	-	-	-	172,885	901	-	173,786
Appropriations of 2024 earnings	6(15)
Legal reserve		-	-	16,167	-	( 16,167 )	-	-	-
Special reserve		-	-	-	943	( 943 )	-	-	-
Cash dividends		-	-	-	-	( 144,561 )	-	-	( 144,561 )
Change in equity of associates in proportion to the Company's ownership percentage	6(14)	-	( 4,364 )	-	-	-	-	-	( 4,364 )
Others	6(14)	-	61	-	-	-	-	-	61
Balance at December 31, 2025		$ 472,539	$ 156,500	$ 128,366	$ 4,886	$ 186,144	($ 1,985 )	($ 2,000 )	$ 944,450

The accompanying notes are an integral part of these parent company only financial statements.

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ARES INTERNATIONAL CORP.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax		$ 203,593	$ 190,540
Adjustments
Adjustments to reconcile profit (loss)
(Reversal of) provision for expected credit loss	6(20) and 12(2)	( 3,316 )	5,287
Depreciation on property, plant and equipment	6(7)(20)	2,964	2,246
Depreciation on right-of-use assets	6(8)(20)	18,364	15,971
Amortisation	6(20)	421	429
Interest income	6(17)	( 14,593 )	( 19,652 )
Interest expense	6(8)	868	352
Gains on disposal of investments	6(19)	-	( 2,957 )
Share of profit of associates and joint ventures	6(6)
accounted for using equity method		( 23,920 )	( 19,285 )
Loss (gain) on disposal of property, plant and equipment	6(19)
Gain on lease modification	6(19)	( 35 )	-
Changes in operating assets and liabilities
Changes in operating assets
Notes receivable		( 1,701 )	237
Accounts receivable		3,400	( 24,273 )
Accounts receivable - related parties		( 450 )	946
Other receivables		( 204 )	70
Other receivables - related parties		( 1 )	1
Prepayments		1,521	3,729
Other current assets		( 3,943 )	( 11,940 )
Changes in operating liabilities
Contract liabilities		65,093	22,354
Accounts payable		( 14,151 )	3,909
Accounts payable - related parties		( 1,269 )	2,406
Other payables		19,780	( 6,279 )
Other payables - related parties		( 55 )	57
Provisions for liabilities - current		2,165	( 1,701 )
Non-current accrued pension liabilities		( 12,227 )	( 24,796 )
Cash inflow generated from operations		242,464	136,308
Interest received		14,824	20,030
Income tax paid		( 20,333 )	( 28,961 )
Net cash flows from operating activities		236,955	127,377

(Continued)

AREA INTERNATIONAL CORP.
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in financial assets at amortised cost - current		($ 262,462 )	($ 270,498 )
Decrease in financial assets at amortised cost - current		271,880	393,695
Proceeds from disposal of investments using the equity method	6(6)	-	2,991
Dividends received	6(6)	20,520	19,427
Acquisition of property, plant and equipment	6(7)	( 8,549 )	( 50,957 )
Proceeds from disposals of property, plant and equipment		-	1,343
Acquisition of intangible assets		( 170 )	( 120 )
Increase in refundable deposits		( 803 )	( 2,308 )
Net cash flows from investing activities		20,416	93,573
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of lease liability	6(24)	( 18,645 )	( 16,450 )
Cash dividends paid	6(15)	( 144,561 )	( 155,331 )
Other financing activities	6(14)	61	97
Net cash flows used in financing activities		( 163,145 )	( 171,684 )
Net increase in cash and cash equivalents		94,226	49,266
Cash and cash equivalents at beginning of year		580,214	530,948
Cash and cash equivalents at end of year		$ 674,440	$ 580,214

The accompanying notes are an integral part of these parent company only financial statements.

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

To the Board of Directors and Shareholders of Ares International Corp.

Opinion

We have audited the accompanying consolidated balance sheets of Ares International Corp. and subsidiaries (the "Group") as at December 31, 2025 and 2024, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.

In our opinion, based on our audits and reports of other auditors, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2025 and 2024, 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 the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission.

Basis for opinion

We conducted our audits in accordance with the "Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants" and 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 judgement, were of most significance in our audit of the Group's 2025 consolidated financial statements. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matters for the Group's 2025 consolidated financial statements are stated as follows:

Occurrence and validity of specific sales and service revenue

Description

Refer to Note 4(24) for accounting policies on operating revenue and Note 6(16) for details of operating revenue accounts.

In accordance with auditing standards, there is a presumed significant risk related to revenue recognition. Within the Group’s revenue, sales revenue and service revenue recognised at a point in time are material to the financial statements. In view of their material impact on the financial statements, we identified the occurrence of the aforementioned point-in-time sales and service revenue as a key audit matter.

How our audit addressed the matter

The procedures that we have performed in response to specific aspects of the above-mentioned key audit matter are summarised as follows:

B. Obtained a revenue summary and, for sales contracts in the current period, performed the following procedures:

(a) Sampled and inspected customer acceptance certificates.

(b) Checked whether the acceptance certificates provided by customers were consistent with the timing of revenue recognition and that the related entries were appropriately recorded.

~22~

~23~

Other matter – Reference to the audits of other auditors

We did not audit the financial statements of certain investments accounted for under the equity method which were audited by other auditors. Therefore, our opinion expressed herein, insofar as it relates to the amounts included in respect of these associates, is based solely on the reports of the other auditors. The balance of these investments accounted for under the equity method amounted to NT$116,030 thousand and NT$119,856 thousand, constituting 7.52% and 8.28% of the total assets as at December 31, 2025 and 2024, respectively, and the comprehensive income recognised from associates and joint ventures accounted for under the equity method amounted to NT$21,058 thousand and NT$22,678 thousand, constituting 12.13% and 14.10% of the total comprehensive income for the years then ended, respectively

Other matter – Parent company only financial reports

We have audited and expressed an unmodified opinion on the parent company only financial statements of Ares International Corp. as at and for the years ended December 31, 2025 and 2024.

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 the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission, 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 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 judgement and 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 appropriate audit evidence regarding the financial information of the 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.

~24~

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 of the current period 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.

CPA Liao, Fu-Ming
CPA Chen, Ching-Chang

For and on behalf of PricewaterhouseCoopers, Taiwan
March 10, 2026

The accompanying consolidated financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and independent auditors' report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.

~25~

(ARES INTERNATIONAL CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

ARES INTERNATIONAL CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

Assets	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current assets
1100	Cash and cash equivalents	6(1)	$ 694,238	45	$ 600,361	42
1136	Financial assets at amortised cost - current	6(2) and 8
			264,092	17	273,510	19
1140	Contract assets - current	6(16)	150,029	10	158,316	11
1150	Notes receivable, net	6(3)	1,701	-	-	-
1170	Accounts receivable, net	6(3)	78,864	5	74,966	5
1180	Accounts receivable - related parties, net	7
			986	-	536	-
1200	Other receivables		3,466	-	3,492	-
1410	Prepayments	6(4) and 7	36,639	3	38,583	3
1470	Other current assets	8	65,789	4	61,846	4
11XX	Total current assets		1,295,804	84	1,211,610	84
Non-current assets
1550	Investments accounted for using the equity method	6(6)
			139,655	9	139,097	9
1600	Property, plant and equipment, net	6(7)	59,051	4	53,898	4
1755	Right-of-use assets	6(8)	21,233	1	11,131	1
1780	Intangible assets		208	-	459	-
1840	Deferred income tax assets	6(22)	15,909	1	21,504	1
1900	Other non-current assets	8	11,000	1	10,197	1
15XX	Total non-current assets		247,056	16	236,286	16
1XXX	Total assets		$ 1,542,860	100	$ 1,447,896	100

(Continued)

(ARES INTERNATIONAL CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

ARES INTERNATIONAL CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current liabilities
2130	Contract liabilities - current	6(16)	$ 262,358	17	$ 198,340	14
2170	Accounts payable	6(9)	59,245	4	73,454	5
2180	Accounts payable - related parties	7	-	-	148	-
2200	Other payables	6(10)	162,134	11	145,742	10
2220	Other payables - related parties	7	2	-	-	-
2230	Current income tax liabilities		16,460	1	11,428	1
2250	Provisions for liabilities - current	6(12)	3,204	-	1,039	-
2280	Current lease liabilities		19,166	1	6,243	-
21XX	Total current liabilities		522,569	34	436,394	30
Non-current liabilities
2580	Non-current lease liabilities		2,931	-	5,278	-
2640	Non-current accrued pension	6(11)
	liabilities		69,198	5	82,866	6
25XX	Total non-current liabilities		72,129	5	88,144	6
2XXX	Total liabilities		594,698	39	524,538	36
Equity attributable to owners of parent
	Share capital	6(13)
3110	Common stock		472,539	31	472,539	33
	Capital surplus	6(14)
3200	Capital surplus		156,500	10	160,803	11
	Retained earnings	6(15)
3310	Legal reserve		128,366	8	112,199	8
3320	Special reserve		4,886	-	3,943	-
3350	Unappropriated retained earnings		186,144	12	174,930	12
	Other equity interest
3400	Other equity interest		( 3,985)	-	( 4,886)	-
31XX	Equity attributable to owners of the parent
			944,450	61	919,528	64
36XX	Non-controlling interest		3,712	-	3,830	-
3XXX	Total equity		948,162	61	923,358	64
	Significant contingent liabilities and unrecognised contract commitments	9
	Significant events after the balance sheet date	11
3X2X	Total liabilities and equity		$ 1,542,860	100	$ 1,447,896	100

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

(ARES INTERNATIONAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
4000	Operating revenue	6(16) and 7	$ 1,000,141	100	$ 877,673	100
5000	Operating costs	6(20)(21) and 7	( 566,030)	( 57)	( 525,254)	( 60)
5950	Gross profit		434,111	43	352,419	40
	Operating expenses	6(20)(21) and 7
6100	Selling expenses		( 75,843)	( 7)	( 71,655)	( 8)
6200	General and administrative expenses		( 72,015)	( 7)	( 69,720)	( 8)
6300	Research and development expenses		( 110,324)	( 11)	( 95,935)	( 11)
6450	Reversal of (provision for) expected credit losses	12(2)
			3,385	-	( 4,845)	-
6000	Total operating expenses		( 254,797)	( 25)	( 242,155)	( 27)
6900	Operating profit		179,314	18	110,264	13
	Non-operating income and expenses
7100	Interest income	6(17)	14,612	1	19,691	2
7010	Other income	6(18) and 7	1,361	-	3,522	1
7020	Other gains and losses	6(19)	( 14,963)	( 1)	36,499	4
7050	Finance costs	6(8)	( 1,031)	-	( 569)	-
7060	Share of profit of associates and joint ventures accounted for using equity method		24,360	2	21,017	2
7000	Total non-operating income and expenses		24,339	2	80,160	9
7900	Profit before income tax		203,653	20	190,424	22
7950	Income tax expense	6(22)	( 31,915)	( 3)	( 33,116)	( 4)
8200	Profit for the year		$ 171,738	17	$ 157,308	18

(Continued)

ARES INTERNATIONAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
	Other comprehensive income
	Components of other comprehensive income that will not be reclassified to profit or loss
8311	Actuarial gain on defined benefit plan	6(11)	$ 1,442	-	$ 5,387	-
8320	Share of other comprehensive loss of associates and joint ventures accounted for using equity method, components of other comprehensive loss that will not be reclassified to profit or loss	6(6)	( 23)	-	( 19)	-
8349	Income tax relating to components of other comprehensive loss	6(22)	( 288)	-	( 1,077)	-
8310	Other comprehensive income that will not be reclassified to profit or loss		1,131	-	4,291	-
	Other comprehensive income that will be reclassified to profit or loss
8361	Financial statements translation differences of foreign operations		1,024	-	( 968)	-
8399	Income tax relating to components of other comprehensive income	6(22)	( 225)	-	235	-
8360	Other comprehensive income (loss) that will be reclassified to profit or loss		799	-	( 733)	-
8300	Other comprehensive income for the year		$ 1,930	-	$ 3,558	-
8500	Total comprehensive income for the year		$ 173,668	17	$ 160,866	18
	Profit attributable to:
8610	Owners of the parent		$ 171,754	17	$ 157,380	18
8620	Non-controlling interest		( 16)	-	( 72)	-
			$ 171,738	17	$ 157,308	18
	Total comprehensive income (loss) attributable to:
8710	Owners of the parent		$ 173,786	17	$ 160,728	18
8720	Non-controlling interest		( 118)	-	138	-
			$ 173,668	17	$ 160,866	18
	Earnings per share (in dollars)	6(23)
9750	Basic		$	3.63	$	3.33
9850	Diluted		$	3.58	$	3.29

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

(ARES INTERNATIONAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Notes	Equity attributable to owners of the parent
		Retained Earnings				Other equity interest		Total	Non-controlling interest	Total equity
		Common stock	Capital surplus	Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations
Year ended December 31, 2024
Balance at January 1, 2024		$ 472,539	$ 156,960	$ 94,962	$ 4,146	$ 185,624	($ 1,943)	($ 2,000)	$ 910,288	$ 3,692
Profit (loss) for the year		-	-	-	-	157,380	-	-	157,380	( 72 )
Other comprehensive income (loss) for the year		-	-	-	-	4,291	( 943 )	-	3,348	210
Total comprehensive income (loss)		-	-	-	-	161,671	( 943 )	-	160,728	138
Appropriations of 2023 earnings	6(15)
Legal reserve		-	-	17,237	-	( 17,237 )	-	-	-	-
Special reserve		-	-	-	( 203 )	203	-	-	-	-
Cash dividends		-	-	-	-	( 155,331 )	-	-	( 155,331 )	-
Change in equity of associates in proportion to the Group's ownership percentage	6(14)		3,746	-	-	-	-	-	3,746	-
Others	6(14)	-	97	-	-	-	-	-	97	-
Balance at December 31, 2024		$ 472,539	$ 160,803	$ 112,199	$ 3,943	$ 174,930	($ 2,886)	($ 2,000)	$ 919,528	$ 3,830
Year ended December 31, 2025
Balance at January 1, 2025		$ 472,539	$ 160,803	$ 112,199	$ 3,943	$ 174,930	($ 2,886)	($ 2,000)	$ 919,528	$ 3,830
Profit (loss) for the year		-	-	-	-	171,754	-	-	171,754	( 16 )
Other comprehensive income (loss) for the year		-	-	-	-	1,131	901	-	2,032	( 102 )
Total comprehensive income (loss)		-	-	-	-	172,885	901	-	173,786	( 118 )
Appropriations of 2024 earnings	6(15)
Legal reserve		-	-	16,167	-	( 16,167 )	-	-	-	-
Special reserve		-	-	-	943	( 943 )	-	-	-	-
Cash dividends		-	-	-	-	( 144,561 )	-	-	( 144,561 )	-
Change in equity of associates in proportion to the Group's ownership percentage	6(14)		( 4,364 )	-	-	-	-	-	( 4,364 )	-
Others	6(14)	-	61	-	-	-	-	-	61	-
Balance at December 31, 2025		$ 472,539	$ 156,500	$ 128,366	$ 4,886	$ 186,144	($ 1,985)	($ 2,000)	$ 944,450	$ 3,712

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

(ARES INTERNATIONAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax		$ 203,653	$ 190,424
Adjustments
Adjustments to reconcile profit (loss)
(Reversal of) provision for expected credit loss impairment	6(20) and 12(2)	( 3,385 )	4,845
Depreciation of property, plant and equipment	6(7)(20)	3,226	2,502
Depreciation of right-of-use asset	6(8)(20)	19,757	17,249
Amortisation	6(20)	421	429
Interest income	6(17)	( 14,612 )	( 19,691 )
Interest expense	6(8)	1,031	569
Share of profit of associates and joint ventures accounted for using equity method	6(6)
Loss (gain) on disposal of property, plant and equipment	6(19)	( 24,360 )	( 21,017 )
Gain on lease modification	6(8)(19)	( 35 )	-
Gains on disposal of investments	6(19)	-	( 2,957 )
Changes in operating assets and liabilities
Changes in operating assets
Notes receivable		( 1,701 )	237
Accounts receivable		( 513 )	( 22,153 )
Accounts receivable - related parties		( 450 )	748
Other receivables		( 205 )	( 27 )
Prepayments		1,944	3,005
Other current assets		( 2,059 )	( 11,417 )
Changes in operating liabilities
Contract liabilities		64,018	23,073
Accounts payable		( 14,209 )	3,967
Accounts payable - related parties		( 148 )	( 166 )
Other payables		21,255	( 5,564 )
Other payables - related parties		2	-
Provisions for liabilities - current		2,165	( 1,701 )
Non-current accrued pension liabilities		( 12,227 )	( 24,796 )
Cash inflow generated from operations		243,728	136,216
Interest received		14,843	20,068
Income tax paid		( 20,333 )	( 28,961 )
Net cash flows from operating activities		238,238	127,323
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in financial assets at amortised cost-current		( 262,462 )	( 270,498 )
Decrease in financial assets at amortised cost-current		271,880	393,695
Disposal of investments using the equity method	6(6)	-	2,991
Dividends received	6(6)	20,520	19,427
Acquisition of property, plant and equipment	6(7)	( 8,549 )	( 52,083 )
Proceeds from disposals of property, plant and equipment		-	1,343
Acquisition of intangible assets		( 170 )	( 120 )
Increase in refundable deposits (shown in other non-current assets)		803	( 2,562 )
Net cash flows from investing activities		20,416	92,193
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of lease liability	6(24)	( 20,277 )	( 17,680 )
Cash dividends paid	6(15)	( 144,561 )	( 155,331 )
Other financing activities	6(14)	61	97
Net cash flows used in financing activities		( 164,777 )	( 172,914 )
Net increase in cash and cash equivalents		93,877	46,602
Cash and cash equivalents at beginning of year		600,361	553,759
Cash and cash equivalents at end of year		$ 694,238	$ 600,361

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

Attachment 2

Ares International Corporation

For the comparison table of the “Articles of Incorporation” before and after amendments

Provisions after amendment	Provisions before amendment
Article 24
When the Company has earnings in the current year, a provision for remuneration paid to employees, adjustment to salary or remuneration for entry-level employees, and a provision for remuneration paid to directors shall be made from the earnings. However, if there are any accumulated losses, part of the earnings shall be first set aside to make up for such losses. Provision for remuneration paid to employees, adjustment to salary or remuneration for entry-level employees, and provision for remuneration paid to directors are as follows:
I. 5% to 15% for employee remuneration.
II. Up to 3% for director remuneration.
III. In addition, an amount equal to 10%-30% of the proportion of employee remuneration appropriated is set aside as a salary adjustment for entry-level employees.
(omitted below)	Article 24
When the Company has earnings in the current year, a provision for remuneration paid to employees, adjustment to salary of the entry-level employees, and a provision for remuneration paid to directors shall be made from the earnings. However, if there are any accumulated losses, part of the earnings shall be first set aside to make up for such losses. Provision for remuneration paid to employees, adjustment to salary of the entry-level employees, and provision for remuneration paid to directors are as follows:
IV. 5% to 15% for employee remuneration.
V. In addition, an amount equal to 10–30% of the proportion of employee remuneration appropriated for the year is set aside as a salary adjustment for entry-level employees.
VI. Up to 3% for director remuneration.
(omitted below)
Article 28
The Articles of Incorporation were established on November 11, 1980.
...
The 32nd amendment was made on July 30, 2021.
The 33rd amendment was made on June 23, 2022.
The 34th amendment was made on June 19, 2025.
The 35th amendment was made on June 23, 2026.	Article 28
The Articles of Incorporation were established on November 11, 1980.
...
The 32nd amendment was made on July 30, 2021.
The 33rd amendment was made on June 23, 2022.
The 34th amendment was made on June 19, 2025.

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Ares International Corporation

Articles of Incorporation

Chapter 1. General Rules

Article 1 The Company is incorporated pursuant to the definition of a company limited by shares under the Company Act and named 資通電腦股份有限公司 (English name: Ares International Corporation).

Article 2 The Company is based in Taipei City, and branches may be established domestically or aboard, if needed, subject to a resolution of the Board of Directors.

Article 3 (Deleted)

Article 4 The Company’s business activities are shown below:

E605010 Computer Equipment Installation
F118010 Wholesale of Computer Software
F218010 Retail Sale of Computer Software
I301010 Information Software Services
I301020 Data Processing Services
I301030 Electronic Information Supply Services
F401010 International Trade
F601010 Intellectual Property Rights
IZ12010 Manpower Dispatched
F113030 Wholesale of Precision Instruments
F213040 Retail Sale of Precision Instruments
ZZ99999 All business activities that are not prohibited or restricted by law, except those that are subject to special approval.

Article 4-1 The Company provides external guarantees due to business needs.

Article 4-2 Where the Company is a shareholder with limited liability of another company, the Company’s total investments in the company are not limited to 40% of the Company’s paid-in share capital under Article 13 of the Company Act.

Chapter 2. Shares

Article 5 The Company has authorized capital of NT$1,156 million in total, divided into 115.6 million shares at NT$10 per share. The Board of Directors may issue the unissued shares, if needed.

Of the total amount of shares referred to in the preceding paragraph, 30 million shares shall be reserved for the issuance and exercise of employee stock warrants, at NT$10 per share. The shares may be issued in tranches by a resolution of the Board of Directors.

Article 5-1 According to Article 56-1 of the “Regulations Governing the Offering and Issuance of Securities by Securities Issuers” and Article 10-1 of the “Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies”, subject to the presence of shareholders representing a majority of the total issued shares at a shareholders’ meeting and the consent of the attending shareholders with two-thirds or more of voting rights, the Company may issue employee stock warrants at the closing price of the Company’s common shares on the date of issuance and transfer the warrants to the employees at prices lower than the average share repurchase price.

Article 6 The shares of the Company are registered, and are signed or stamped by the director(s) representing the Company. They are issued after being certified by a bank competent to certify shares under the laws before the issuance thereof.

The shares issued by the Company may be exempted from printing certificates and shall be registered with centralized securities depository enterprises in accordance with the regulations thereof.

Article 6-1 (Deleted)

Article 7 (Deleted)

Article 8 The Company’s share-related matters shall be handled in accordance with the “Regulations Governing the Administration of Shareholder Services of Public Companies” and other related laws and regulations.

Article 9 Pursuant to the laws, changes in the shareholder register shall not be made within 60 days prior to the scheduled date of the annual shareholders’ meeting, within 30 days prior to the scheduled date of any special shareholders’ meeting, or within 5 days before the Company determines the record date for the payment of dividends, bonuses, or other benefits.

The aforesaid periods shall commence on the meeting dates or record date.

Chapter 3. Shareholder’s Meeting

Article 10 Shareholders’ meetings are classified as annual shareholders’ meetings and special shareholders’ meetings. The annual shareholders’ meetings are held once a year within six months after the end of a fiscal year, while the special shareholders’ meetings may be held, if necessary, according to laws. The shareholders’ meetings shall be held in accordance with Article 172 of the Company Act.

The convening notice of shareholders’ meetings may be given in electronic form with the consent of respondents. For shareholders holding less than 1,000 registered shares, the convening notice referred to in the preceding paragraph may be given by means of announcements.

The shareholders’ meetings of the Company may be convened in the form of a video conference or in other ways promulgated by the central competent authority.

Article 11 Unless otherwise provided by the Company Act, resolutions at a shareholders’ meeting are subject to the presence of shareholders representing a majority of the total issued shares at the meeting and the consent of the attending shareholders with a majority of voting rights.

Article 12 A shareholder shall be entitled to one voting right for each share held, except when the shares are restricted shares or are deemed non-voting shares under Article 179, Paragraph 2 of the Company Act.

Article 13 If a shareholder is unable to attend a shareholders’ meeting for whatever reason, such shareholder may appoint a proxy to attend the meeting by providing a proxy form from the Company stating the authorization scope and duly signed or stamped. The use of such proxy form is subject to the “Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies”.

Article 14 Resolutions adopted at a shareholders’ meeting shall be recorded in the minutes and handled in accordance with Article 183 of the Company Act.

Chapter 4. Director

Article 15 The Company has five to nine directors to form the Board of Directors. They are elected in accordance with Article 198 of the Company Act, have a term of office of three years, and may assume a second term of office if reelected.

The number of directors referred to in the preceding paragraph shall include no less than two independent directors that comprise no less than one-fifth of the board. The directors of the Company are elected using the candidate nomination system, in which shareholders shall elect from the list of director candidates, and Article 192-1 of the Company Act shall apply.

The share of the total registered shares held by all directors shall not be less than the percentage specified in the “Rules and Review Procedures for Director Share Ownership Ratios at Public Companies”.

Article 15-1 When the number of director vacancies is equal to one-third of the total directors, the Board of Directors shall call a special shareholders’ meeting within 60 days to co-opt directors to fill the vacancies. The term of office of the co-opted directors shall end at the end of the term of office of the former directors.

Article 16 The Company has a Chairperson elected from among the board members by the consent of a majority of the attending directors at a board meeting with more than two-thirds of all directors present. The Chairperson serves as the Company’s representative to the outside world. When the Chairperson is unable to perform his/her duties for whatever reason, Article 208 of the Company Act shall apply.

For the calculation and payment of the Chairperson’s pension, the Company’s regulations related to the retirement of employees shall apply mutatis mutandis and the limitations on age and years of service shall not apply.

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Article 17
Unless otherwise specified in the Company Act, board meetings shall be convened by the Chairperson. The resolutions of the Board of Directors shall be adopted with the consent of a majority of the attending directors at a board meeting attended by a majority of all directors, unless otherwise specified in the Company Act. When the board meeting is held via video conferencing, any director attending the meeting through video conferencing shall be deemed to have attended the meeting in person. Any director who is unable to attend the meeting may authorize another director to act as his/her proxy. The proceedings of the meeting shall be recorded in the minutes.

Article 17-1
Notification of the convention of board meetings may be effected via e-mail or fax.

Article 18
The Board of Directors has the following powers:
1. Convention of shareholders’ meetings and implementing their resolutions.
2. Approval of operating plans.
3. Review of rules and regulations as well as important contracts.
4. Review of the purchase and disposal of the Company’s important property.
5. Appointment and dismissal of managerial officers and other important function holders.
6. Decision-making about the establishment, withdrawal, or change of business units and branches.
7. Review of budgets, final accounting, and business reports.
8. Formulation of earnings distribution.
9. Formulation of capital increase or decrease.
10. Decision-making about other important matters and the powers given by the Company Act and the shareholders’ meeting.

Article 19
The Company has set up the Audit Committee in accordance with the Securities and Exchange Act. The Audit Committee shall consist of all independent directors. The Audit Committee or the members thereof are responsible for excising the powers of supervisors under the Company Act, Securities and Exchange Act, and other laws and regulations.

Article 20
(Deleted)

Article 20-1
Regardless of profits or losses, the Company may pay compensation to all directors for performing company-related activities. The Board of Directors is authorized to determine the amount of the compensation in consideration of the directors’ level of involvement in and contribution to the Company’s operations and with reference to the general level in the industry.

Chapter 5.
Managerial Officers and Consultants

Article 21
The Company may have one President and several Vice Presidents and Assistant Vice Presidents. For their appointment, dismissal, and remuneration, Article 29 of the Company Act shall apply.

Article 22
The Company may engage several consultants as resolved by the Board of Directors.

Chapter 6.
Accounting

Article 23
The fiscal year of the Company shall commence on January 1 and end on December 31. According to Article 228 of the Company Act, a final accounting shall be conducted at the end of each fiscal year. The Board of Directors shall prepare the following documents and submit them to the annual shareholders’ meeting for ratification.
1. Business report.
2. Financial statements.
3. Earning distribution or loss reimbursement proposals.

Article 24
When the Company has earnings in the current year, a provision for remuneration paid to employees, adjustment to salary of the entry-level employees, and a provision for remuneration paid to directors shall be made from the earnings. However, if there are any accumulated losses, part of the earnings shall be first set aside to make up for such losses.

Provision for remuneration paid to employees, adjustment to salary of the entry-level employees, and provision for remuneration paid to directors are as follows:
1. 5% to 15% for employee remuneration.
2. In addition, an amount equal to 10–30% of the proportion of employee remuneration appropriated for the year is set aside as a salary adjustment for entry-level employees.

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Up to 3% for director remuneration.

When the Company has earnings at the year’s final accounting, they shall be used for the following purposes and in the following order of priority:

Paying taxes.
Making up for losses from prior years.
Setting aside 10% as legal reserve.
Making a provision for the special reserve based on the Company’s operational needs and in accordance with laws and regulations.

The Board of Directors shall draw up a proposal for the distribution of shareholder bonuses based on the sum of the remaining earnings and accumulated undistributed earnings and submit the proposal to the shareholders’ meeting for resolution. The Board of Directors may retain part of the earnings, if necessary, based on operational needs.

The Company operates in the information technology industry where technology and markets advance and grow rapidly. On the basis of the Company’s capital expenditure needs and the need to make sound financial plans to pursue sustainable development, in drawing up the earnings distribution proposal, the Board of Directors determines the proportion of cash and stock dividends paid to the shareholders based on the earnings remaining after deducting those distributed as referred to in Subparagraphs 1-4 of the preceding paragraph. The percentage of the dividend distributed in cash shall not be less than 10% of the total shareholder dividends.

Article 24-1

Employee stock bonuses may only be distributed to the full-time employees of the Company and the subsidiaries where the Company holds over 50% of equity through direct (indirect) investment.

Chapter 7. Supplementary Provisions

Article 25

The Company’s Articles of Incorporation and execution rules shall be established separately.

Article 26

Matters not covered by the Articles of Incorporation shall be governed by the Company Act and other related laws and regulations.

Article 27

The Articles of Incorporation and any amendments thereto shall be implemented after approval by the shareholders’ meeting.

Article 28

The Articles of Incorporation were established on November 11, 1980.

The 1st amendment was made on October 30, 1981.

The 2nd amendment was made on July 21, 1983.

The 3rd amendment was made on November 5, 1988.

The 4th amendment was made on March 27, 1989.

The 5th amendment was made on July 15, 1989.

The 6th amendment was made on May 21, 1990.

The 7th amendment was made on May 31, 1991.

The 8th amendment was made on August 20, 1992.

The 9th amendment was made on June 17, 1994.

The 10th amendment was made on October 11, 1996.

The 11th amendment was made on March 31, 1997.

The 12th amendment was made on April 24, 1998.

The 13th amendment was made on February 8, 1999.

The 14th amendment was made on June 17, 1999.

The 15th amendment was made on February 25, 2000.

The 16th amendment was made on May 25, 2000.

The 17th amendment was made on May 10, 2001.

The 18th amendment was made on May 10, 2001.

The 19th amendment was made on May 27, 2002.

The 20th amendment was made on June 14, 2005.

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The 21st amendment was made on June 14, 2006.
The 22nd amendment was made on June 13, 2007.
The 23rd amendment was made on June 13, 2008.
The 24th amendment was made on June 16, 2009.
The 25th amendment was made on June 14, 2010.
The 26th amendment was made on June 10, 2011.
The 27th amendment was made on June 19, 2012.
The 28th amendment was made on June 24, 2014.
The 29th amendment was made on June 23, 2015.
The 30th amendment was made on June 22, 2016.
The 31st amendment was made on June 19, 2020.
The 32nd amendment was made on July 30, 2021.
The 33rd amendment was made on June 23, 2022.
The 34th amendment was made on June 19, 2025.

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Attachment 3

Details of Competitive Activities of Directors' Representatives

Name of director	Other businesses where the director serves as a director or managerial officer
Mitac Incorporated
Representative: Xiang-Yun Yang	Companies where the director serves as a director:
Getac Holdings Corporation
Mitac Incorporated
Representative: Hua-Bin Miao	Companies where the director serves as a director:
MiTAC Holdings Corporation

Attachment 4.

Ares International Corporation
Rules of Procedure for Shareholders’ Meetings

Article 1
Unless otherwise provided by law, the Company’s shareholders’ meetings shall be convened in accordance with the Rules.

Article 2
The shareholders mentioned in the Rules refer to the shareholders themselves and the proxies authorized thereby to attend shareholders’ meetings.

Article 3
Shareholders (or their proxies) shall sign in when attending a shareholders’ meeting by providing their sign-in cards in lieu of their signatures. With the sign-in cards as the basis, the equity of the shareholders is calculated. The Company may appoint the retained attorney, CPA, or any related person to attend the shareholders’ meeting in a non-voting capacity. The staff organizing the shareholders’ meeting shall wear identification cards or armbands.

The number of shares represented by the participating shareholders shall be calculated based on the sign-in cards provided. Shares shall be used as the calculation basis for attendance and voting at shareholders’ meetings.

Where a shareholder of the Company is unable to attend a shareholders’ meeting in person, he/she/it may appoint a proxy to attend the meeting by providing a proxy form from the Company stating the authorization scope. A shareholder may issue only one proxy form and appoint only one proxy for each shareholders’ meeting, and shall deliver the proxy form to the Company two days before the shareholders’ meeting. When duplicate proxy forms are delivered, the one received earliest shall prevail, unless a declaration is made to revoke the previous proxy appointment. If the shareholder intends to attend the shareholders’ meeting in person after a proxy form has been delivered to the Company, a written notice of appointment revocation shall be submitted to the Company two days before the meeting date. If the revocation notice is submitted after that time, the voting rights exercised by the appointed proxy at the meeting shall prevail.

For anyone who is appointed by two or more shareholders to be their proxy, except for trust enterprises or the stock agencies approved by the competent securities authority, the number of voting rights represented thereby shall not exceed 3% of the total issued shares of the Company, otherwise the excessive voting rights shall not be counted.

Article 4
Once the attending shareholders represent a majority of the total issued shares, the chairperson may call the meeting to order. Where the meeting time is up and the statutory threshold has not been met, the chairperson may announce a postponement of the commencement of the meeting. The number of such postponements is limited to two and the time extended shall not exceed one hour cumulatively. Where the statutory threshold has not been met and there are attending shareholders representing one-third or more of the total issued shares, a tentative resolution may be adopted by a majority of the voting rights represented by the attending shareholders in accordance with Article 175 of the Company Act.

Whenever the number of shares represented by the attending shareholders reaches more than half of the total issued shares in adopting the tentative resolution referred to in the preceding paragraph, the chairperson may officially call the meeting to order and present the adopted tentative resolution to the shareholders’ meeting for ratification.

Article 5
The Chairperson shall chair any shareholders’ meeting convened by the Board of Directors. Where the Chairperson is on leave or unable to perform his/her duties for whatever reason, the Vice Chairperson shall act on his/her behalf. In the absence of a Vice Chairperson or where the Vice Chairperson is also on leave or unable to perform his/her duties for whatever reason, the Chairperson shall appoint an executive director to act on his/her behalf. Where there is no executive director, the Chairperson shall appoint a director to act on his/her behalf.

Where the Chairperson does not appoint anyone to act on his/her behalf, the executive directors or directors shall elect one among themselves to act on the behalf of the Chairperson.

Any shareholders’ meetings convened by any person with the power to convene such meetings other than the Board of Directors shall be chaired by that person. Where there are two or more such persons, they shall elect one among themselves to be the chairperson.

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Article 6 If a shareholders’ meeting is convened by the Board of Directors, the meeting agenda shall be set by the Board of Directors. The meeting shall proceed in the order set by the agenda, which shall not be changed without a resolution of the shareholders’ meeting.

The preceding paragraph shall apply mutatis mutandis to any shareholders’ meeting convened by any person with the power to convene such meeting other than the Board of Directors.

The chairperson shall not declare the meeting adjourned prior to the completion of deliberation on the first two agenda items (including extempore motions).

Where the chairperson declares the meeting adjourned in violation of the Rules, another chairperson may be elected by a majority of voting rights represented by the attending shareholders to continue the meeting.

After the meeting is adjourned, the shareholders shall not elect another chairperson to resume the meeting at the original or another venue.

Article 7 When a meeting is in progress, the chairperson may announce a break based on time considerations.

The Company shall record shareholders’ meetings through video or audio recording and keep the records for at least one year.

Poll watchers and tellers for voting on motions shall be appointed by the chairperson and the poll watchers shall be the Company’s shareholders. Vote results shall be announced on-site and documented in minutes.

Where a meeting cannot be finished in one session, the shareholders’ meeting may adopt a resolution on whether the meeting will be postponed or resumed within five days on the spot so that no further notice or announcement is required.

Article 8 When any attending shareholder gives a speech, he/she/it shall submit a speaker’s slip containing his/her/its shareholder account number (or attendance card number) and account name as well as the purpose of his/her/its speech to the chairperson for him/her to determine the order in which the shareholder gives his/her/its speech.

Any attending shareholder who has submitted a speaker’s slip but does not give a speech shall be deemed to have not given any speech. Where a speech given is inconsistent with that specified in the speaker’s slip, the speech given shall prevail.

When an attending shareholder is giving a speech, no other shareholder shall interrupt by speaking without the consent of the chairperson and the shareholder giving a speech. The chairperson shall stop any such interruption.

Article 9 Except for those holding 1% or more of the total issued shares, who may present motions in written form to the Company for annual shareholders’ meetings pursuant to Article 172-1 of the Company Act, any shareholders who have presented motions shall attend the annual shareholders’ meeting either in person or by appointing another person on his/her/its behalf to participate in the discussion about the motions presented thereby. Where an attending shareholder’s speech is irrelevant to the agenda item concerned or outside its scope, the chairperson may terminate the shareholder’s speech.

Article 10 Except with the consent of the chairperson, each attending shareholder may neither have the floor more than twice on the same motion nor speak for more than five minutes each time, otherwise the chairperson may stop the shareholder from speaking.

Where a corporation is appointed as a proxy to attend a shareholders’ meeting, such corporation may appoint only one representative to attend the meeting.

Where a corporate shareholder appoints two or more representatives to attend a shareholders’ meeting, only one of them may give a speech on a motion.

Article 11 After an attending shareholder finishes his/her/its speech, the chairperson may give a response or appoint any related person to do so.

When a motion in discussion is considered ready for voting, the chairperson may discontinue the discussion and put the motion to a vote.

Article 12 The venue for the Company’s shareholders’ meetings shall be where the Company is located or a place easily accessible to shareholders and suitable for holding the shareholders’ meetings. The meetings shall begin no earlier than 9 a.m. and no later than 3 p.m.

Article 13 Shareholders may exercise their voting rights by correspondence or electronic means at the Company’s shareholders’ meetings.

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The shareholders who exercise their voting rights at a shareholders’ meeting by correspondence or electronic means in accordance with the preceding paragraph shall be considered as having attended the shareholders’ meeting in person. However, they shall be treated as having waived their voting rights in respect of any extempore motion and any amendment to the original motions at the said shareholders’ meeting.

Unless otherwise provided by the Company Act and the Articles of Incorporation, a motion shall be passed by more than half of the voting rights of the attending shareholders. An agenda item is considered passed if the chairperson receives no objection from any attending shareholders. This voting method shall carry the same effect as the conventional ballot method.

In case of an amendment or alternative to a motion, the chairperson shall determine the order in which the amendment or alternative together with the original motion will be put to a vote. Where either of them is passed, the other shall be deemed rejected and require no further voting.

Article 14
Resolutions adopted at a shareholders’ meeting shall be recorded in the minutes and handled in accordance with Article 183 of the Company Act.

Article 15
The chairperson may instruct disciplinary officers (or security guards) to help maintain order at the meeting venue. The disciplinary officers (or security guards) shall wear an armband or identification card bearing the word “Disciplinary Officer” when helping maintain order at the meeting venue.

Article 16
Shareholders (or their proxies) shall cooperate with the chairperson and disciplinary officers (or security guards) and follow their instructions. Where any shareholder fails to obey the instructions of the chairperson and obstructs the progress of the meeting in disregard of dissuasion, the shareholder shall be escorted away from the meeting venue by the disciplinary officers or security guards on the instruction of the chairperson.

Article 17
Matters not covered by the Rules shall be governed by the Company Act and other related laws and regulations.

Article 18
The Rules and any amendments thereto shall be implemented after approval by the shareholders’ meeting.

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Attachment 5

Ares International Corporation

Shareholding of Directors and Independent Directors

Book closure date: April 25, 2026

Title	Name	Date of election	Term	Number of shares held when elected		Number of shares held as recorded in the shareholder register on the book closure date
				Number of shares held	Shareholding percentage	Number of shares held	Shareholding percentage
Chairperson	Hung-Yang Yu	2025/06/19	3 years	3,558,449	7.53%	3,558,449	7.53%
Director	Qing-Long Lin	2025/06/19	3 years	450,845	0.95%	450,845	0.95%
Director	Seng-Yi Lin	2025/06/19	3 years	867,090	1.84%	867,090	1.84%
Director	Mitac Incorporated Representative: Xiang-Yun Yang	2025/06/19	3 years	1,000,409	2.12%	1,000,409	2.12%
Director	Mitac Incorporated Representative: Hua-Bin Miao	2025/06/19	3 years
Independent Director	Ming-Da Huang	2025/06/19	3 years	-	-	-	-
Independent Director	Jin-Tang You	2025/06/19	3 years	-	-	-	-
Independent Director	Hwa-Yu Chang	2025/06/19	3 years	-	-	-	-
Independent Director	Jiun-Ming Chen	2025/06/19	3 years	-	-	-	-
Total number of shares held by all directors				5,876,793	12.44%	5,876,793	12.44%

The Company's total issued common shares: 47,253,890 shares
According to Article 26 of the Securities and Exchange Act, the minimum number of shares held by all shareholders is as follows:
Statutory minimum number of shares held by all directors: 4,725,389 shares
As of the book closure date for the annual shareholders' meeting (April 25, 2026), the number of shares held by all directors, as recorded in the shareholder register, reached the percentage threshold prescribed in Article 26 of the Securities and Exchange Act.
As the Company has two independent directors, the shareholding percentage thresholds for the shares held by all directors and supervisors other than the independent directors, which are calculated proportionally, are reduced to 80% according to Article 2 of the "Rules and Review Procedures for Director and Supervisor Share Ownership Ratios at Public Companies".

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ARES — AGM Information 2026

52107_rns_2026-05-22_c40041eb-1c19-4198-b3fe-6ba0472b0964.pdf

Table of Contents

Attachments

Ares International Corporation

Meeting Procedure of the 2026 Annual Shareholders’ Meeting

Ares International Corporation

Meeting Agenda of the 2026 Annual Shareholders’ Meeting

Management Presentation (Company Reports)

Ares International Corporation

Audit Committee’s Audit Report

Matters to be Discussed

Extempore Motions

Adjournment

Attachment 1

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

Opinion

Basis for opinion

Key audit matters

Occurrence and validity of specific sales and service revenue

Description

How our audit addressed the matter

Other matter – Reference to the audits of other auditors

Responsibilities of management and those charged with governance for the parent company only financial statements

Auditors’ responsibilities for the audit of the parent company only financial statements

ARES INTERNATIONAL CORP.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

ARES INTERNATIONAL CORP.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

Opinion

Basis for opinion

Key audit matters

Occurrence and validity of specific sales and service revenue

Description

How our audit addressed the matter

Other matter – Reference to the audits of other auditors

Other matter – Parent company only financial reports

Responsibilities of management and those charged with governance for the consolidated financial statements

Auditors' responsibilities for the audit of the consolidated financial statements

Ares International Corporation

Articles of Incorporation

Chapter 1. General Rules

Chapter 2. Shares

Chapter 3. Shareholder’s Meeting

Chapter 4. Director

Attachment 3

Ares International Corporation

Shareholding of Directors and Independent Directors

More from ARES

ARES AGM Information 2026