AVer Information Inc.

Parent Company Only
Financial Statements and
Independent Auditors' Report

2025 and 2024 Fiscal Years

Address: 8F., No. 157, Da'an Road, Tucheng District,
New Taipei City 236042, Taiwan, R. O. C.
Tel: (02)22698535

Independent Auditors' Report (translated from Chinese)

To the Board of Directors and Shareholders of AVer Information Inc.

Opinion

We have audited the accompanying parent company only financial statements of AVer Information Inc. (the Company), which comprise the balance sheets as of December 31, 2025 and 2024, and related statements of comprehensive income, changes in equity, cash flows, and notes to parent company only financial statements (including summary of significant accounting policies) from January 1 to December 31, 2025 and 2024. The independent auditors have completed the audits of these statements.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of AVer Information Inc. as of December 31, 2025 and 2024 and its financial performance and its cash flows from January 1 to December 31, 2025 and 2024 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 Auditing and Attestation of Financial Statements by Certified Public Accountants and auditing standards. 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 AVer Information Inc. in accordance with the Norm of the 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 parent company only financial statements of AVer Information Inc. for the fiscal year of 2025. 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, and we do not provide a separate opinion on these matters.

Key audit matters for AVer Information Inc.'s parent company only financial statements for the fiscal year of 2025 as stated as follows:

Subsidiary by investment using the equity method - Assessment on sales allowances of AVer Information Inc. (USA)

AVer Information Inc. (USA), a subsidiary of AVer Information Inc. invested by the Company using the equity method, has distributors in the Americas as its main customers. In order to promote sales and expand the market, AVer Information Inc. (USA) and its main distributors have entered multiple contracts on sales discounts (allowances). Since calculation methods applied to respective contracts vary by product or sales achievement; bases of the calculations also involve the risks of estimation uncertainty of expected sales amount, therefore, the assessment of the sales discounts (allowances) has been identified as a key auditor matter.

We obtained an understanding of the methods applied to sales discounts (allowances) by AVer Information Inc. (USA), a subsidiary of AVer Information Inc. invested by the Company using the equity method, inquired the basis of management's estimation on expected sales amount, and obtained documents to assess the reasonableness thereof. Furthermore, we inspected AVer Information Inc. (USA)'s contracts of sales discounts (allowances), checked whether the sales discount (allowance) calculations were implemented in accordance with AVer Group's policies, verified the actual payment requests by the distributors, and reviewed the estimation made for subsequent period, in order to assess the reasonableness of the sales discount (allowance) estimations.

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 financial statements in accordance with the Regulations Governing the Preparation of

Financial Reports by Securities Issuers to maintain the internal control as management determines 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 AVer Information Inc.'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 members of the Audit Committee) are responsible for overseeing AVer Information Inc.'s financial reporting process.

Auditors' Responsibilities for the audit of the Parent Company Only Financial Statements

The objectives of our audit are to obtain reasonable assurance on whether the parent company only financial statements are free from material misstatement as a whole, whether due to fraud or error, and to issue an auditors' report that includes our opinions. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with the auditing standards generally accepted in the Republic of China will always detect a material misstatement when it exists in the parent company only financial statements. Misstatements can arise from fraud or error. Misstatements are considered material if, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

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 in response to those risks; and obtain audit evidence that are sufficient and appropriate to provide a basis for our opinions. The risk of not detecting a material misstatement resulting from fraud is higher than that 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 AVer Information Inc.'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 of conditions that may cast significant doubt on AVer Information Inc.'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 AVer Information Inc. to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the parent company only financial statements (including relevant notes), 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 AVer Information Inc. 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 (including related safeguards where applicable).

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the parent company only financial statements of AVer Information Inc. for the fiscal year of 2025 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 audit resulting in this independent auditors' report are Pei-Dep Chen and I-Ching Liu.

Deloitte & Touche
Taipei, Taiwan
Republic of China
March 11, 2026

Notice to Readers

The accompanying financial statements are intended only to present the 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 financial statements are those generally accepted and applied in the Republic of China. For the convenience of readers, the independent auditors' report and the accompanying 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 financial statements shall prevail.

AVer Information Inc.
BALANCE SHEETS
December 31, 2025 and 2024
Unit: In Thousands of New Taiwan Dollars

Code	A	S	December 31, 2025		December 31, 2024
			A	m o u n t	%	A
CURRENT ASSETS
1100	Cash and cash equivalents (Note 6)	$ 1,072,662	25	$ 1,328,994	29
1136	Financial assets at amortized cost (Note 8)	-	-	28,916	1
1150	Notes receivable	12	-	1,373	-
1170	Accounts receivable (Note 9)	198,890	5	99,239	2
1180	Accounts receivable - related parties (Notes 9 and 25)	144,120	3	216,556	5
1200	Other receivables (Note 25)	14,941	-	10,486	-
1220	Income tax assets for current period	8,579	-	-	-
130X	Inventories (Note 10)	246,688	6	175,042	4
1470	Other current assets	21,830	1	30,691	1
11XX	Total current assets	1,707,722	40	1,891,297	42
NONCURRENT ASSETS
1517	Financial assets at fair value through other comprehensive income (Note 7)	1,076,471	25	1,152,123	26
1550	Investment using the equity method (Note 11)	341,271	8	292,900	6
1600	Property, plant, and equipment (Note 12)	1,089,268	26	1,134,198	25
1755	Right-of-use assets (Note 13)	3,803	-	-	-
1780	Intangible assets	8,269	-	15,067	-
1840	Deferred income tax assets (Note 21)	26,740	1	26,376	1
1990	Other Noncurrent assets	1,859	-	2,279	-
15XX	Total noncurrent assets	2,547,681	60	2,622,943	58
1XXX	TOTAL ASSETS	$ 4,255,403	100	$ 4,514,240	100
Code	Liabilities and equity
CURRENT LIABILITIES
2100	Short-term loans (Note 14)	$ 400,000	9	$ 400,000	9
2170	Accounts payable (Note 25)	188,393	5	92,968	2
2200	Other payables (Notes 15 and 25)	286,973	7	290,451	7
2230	Income tax liabilities for current period (Note 21)	-	-	45,968	1
2280	Lease liabilities (Note 13)	1,804	-	-	-
2399	Other current liabilities (Note 16)	13,310	-	12,329	-
21XX	Total current liabilities	890,480	21	841,716	19
NONCURRENT LIABILITIES
2550	Provision (Note 16)	49,835	1	44,824	1
2570	Deferred income tax liabilities (Note 21)	19	-	-	-
2580	Capital lease liabilities (Note 13)	2,066	-	-	-
2670	Other noncurrent liabilities (Note 11)	986	-	9,080	-
25XX	Total noncurrent liabilities	52,906	1	53,904	1
2XXX	Total Liabilities	943,386	22	895,620	20
EQUITY (Note 19)
3110	Capital - common stock	929,200	22	929,200	21
3200	Capital surplus	735,120	17	735,120	16
Retained earnings
3310	Appropriated as legal reserve	444,526	10	425,576	9
3320	Appropriated as special reserve	-	-	266,115	6
3350	Unappropriated earnings	1,394,448	33	1,200,006	27
3300	Total retained earnings	1,838,974	43	1,891,697	42
3400	Other equity	( 191,277)	( 4)	62,603	1
3XXX	Total equity	3,312,017	78	3,618,620	80
TOTAL LIABILITIES AND EQUITY		$ 4,255,403	100	$ 4,514,240	100

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

AVer Information Inc.
STATEMENTS OF COMPREHENSIVE INCOME
January 1 to December 31, 2025 and 2024
Unit: In Thousands of New Taiwan Dollars, Except Earnings Per Share

Code		Fiscal year 2025		Fiscal year 2024
		Amount	%	Amount	%
4000	REVENUE (Notes 19 and 25)	$1,772,973	100	$2,084,244	100
5000	COST OF REVENUE (Notes 10, 20 and 25)	960,212	54	1,027,679	49
5900	GROSS PROFIT	812,761	46	1,056,565	51
5920	REALIZED (UNREALIZED) PROFIT OF THE SUBSIDIARY	13,625	-	(35,915)	(2)
5950	REALIZED GROSS PROFIT	826,386	46	1,020,650	49
	OPERATING EXPENSES (Notes 9 and 20)
6100	Marketing	214,728	12	221,296	11
6200	General and administrative	98,306	5	99,482	5
6300	Research and development	454,441	26	477,673	23
6450	Expected credit loss(gain)	330	-	2,305	-
6000	Total operating expenses	767,805	43	800,756	39
6900	INCOME FROM OPERATIONS	58,581	3	219,894	10
	NON-OPERATING INCOME AND EXPENSES (Notes 20 and 25)

(Continued)

Code		Fiscal year 2025		Fiscal year 2024
		Amount	%	Amount	%
7100	Interest revenue	$ 23,056	1	$ 29,581	1
7010	Other revenues	10,034	1	12,692	1
7020	Other gains and losses	( 3,940)	-	60,024	3
7050	Finance cost	( 7,799)	( 1)	( 8,247)	-
7070	Share of profits and losses on equity method subsidiaries	47,699	3	( 61,428)	( 3)
7000	Total non-operating income and expenses	69,050	4	32,622	2
7900	INCOME BEFORE INCOME TAX	127,631	7	252,516	12
7950	Total tax expense (income) (Note 21)	22,390	1	63,013	3
8200	NET INCOME	105,241	6	189,503	9
	OTHER COMPREHENSIVE INCOME (LOSS)
8310	Items that will not be reclassified subsequently to profit or loss
8316	Unrealized gains (losses) from investments in equity instruments measured at fair value through other comprehensive income	( 244,822)	( 14)	304,942	15
8360	Items that may be reclassified subsequently to profit or loss
8361	Exchange differences on translation of foreign operations	( 9,058)	-	23,776	1
				(Continued)

Code		Fiscal year 2025		Fiscal year 2024
		A m o u n t	%	A m o u n t	%
8300	Total other comprehensive income	($ 253,880)	(14)	$ 328,718	16
8500	TOTAL COMPREHENSIVE INCOME FOR THE YEAR	($ 148,639)	(8)	$ 518,221	25
	Earnings per share (Note 22)
9710	Basic	$ 1.13		$ 2.04
9810	Diluted	$ 1.13		$ 2.02

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

AVer Information Inc.
STATEMENTS OF CHANGES IN EQUITY
January 1 to December 31, 2025 and 2024
(In Thousands of New Taiwan Dollars, Except Dividends Per Share)

Code		Capital - common stock	Capital surplus	R e t a i n e d e a r n i n g s				O t h e r e q u i t y
				Appropriated as legal reserve	Appropriated as special reserve	Unappropriated earnings	Total	Unrealized Gain (Loss) on Financial Assets at Fair Value Through Other Comprehensive Income	Foreign operation Translation of the financial statements Exchange difference	Total	Total equity
A1	BALANCE, JANUARY 1, 2024	$ 929,200	$ 735,120	$ 400,580	$ 555,630	$ 870,497	$1,826,707	($ 283,827)	$ 17,712	($ 266,115)	$3,224,912
	Appropriation and distribution of 2023 retained earnings:
B1	Legal reserve	-	-	24,996	-	( 24,996)	-	-	-	-	-
B5	Cash dividends to shareholders - NT$1.34 per share	-	-	-	-	( 124,513)	( 124,513)	-	-	-	( 124,513)
B17	Reversal of special reserve	-	-	-	( 289,515)	289,515	-	-	-	-	-
D1	Net income in 2024	-	-	-	-	189,503	189,503	-	-	-	189,503
D3	Other comprehensive income (loss) in 2024, net of income tax	-	-	-	-	-	-	304,942	23,776	328,718	328,718
D5	Total comprehensive income (loss) in 2024	-	-	-	-	189,503	189,503	304,942	23,776	328,718	518,221
Z1	BALANCE, DECEMBER 31, 2024	929,200	735,120	425,576	266,115	1,200,006	1,891,697	21,115	41,488	62,603	3,618,620
	Appropriation and distribution of prior year's earnings
B1	Legal reserve	-	-	18,950	-	( 18,950)	-	-	-	-	-
B5	Cash dividends to shareholders - NT$1.70 per share	-	-	-	-	( 157,964)	( 157,964)	-	-	-	( 157,964)
B17	Reversal of special reserve	-	-	-	( 266,115)	266,115	-	-	-	-	-
D1	Net income in 2025	-	-	-	-	105,241	105,241	-	-	-	105,241
D3	Other comprehensive income (loss) in 2025, net of income tax	-	-	-	-	-	-	( 244,822)	( 9,058)	( 253,880)	( 253,880)
D5	Total comprehensive income (loss) in 2025	-	-	-	-	105,241	105,241	( 244,822)	( 9,058)	( 253,880)	( 148,639)
Z1	BALANCE, DECEMBER 31, 2025	$ 929,200	$ 735,120	$ 444,526	$ -	$1,394,448	$1,838,974	($ 223,707)	$ 32,430	($ 191,277)	$3,312,017

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

AVer Information Inc.
STATEMENTS OF CASH FLOWS
January 1 to December 31, 2025 and 2024
Unit: In Thousands of New Taiwan Dollars

Code	CASH FLOWS FROM OPERATING ACTIVITIES	Fiscal year 2025	Fiscal year 2024
A10000	Profit (loss) before tax	$ 127,631	$ 252,516
A20010	Adjustments to reconcile profit (loss):
A20100	Depreciation expense	87,971	106,316
A20200	Amortization expense	8,288	11,710
A20300	Expected credit impairment loss (Reversal)	330	2,305
A20400	Net loss (gain) on financial instruments at fair value through profit or loss	( 4,972)	( 2,904)
A20900	Interest expense	7,799	8,247
A21200	Interest revenue	( 23,056)	( 29,581)
A21300	Dividend income	( 5,133)	( 3,142)
A22400	Share of loss (profit) of subsidiaries accounted for using equity method	( 47,699)	61,428
A22500	Loss (gain) on disposal of property, plant and equipment	-	1
A23700	Provision of inventory valuation loss and stock obsolescence	( 3,286)	( 2,169)
A24000	Realized loss (profit) on from sales	( 13,625)	35,915
A24100	Unrealized foreign exchange loss (gain)	7,163	( 16,178)
A29900	Provision of liability reserve	24,823	8,291
A30000	Net changes of operating assets and liabilities
A31115	Financial assets at fair value enforced through profit or loss	6,558	4,486
A31130	Notes receivable	1,361	605
A31150	Accounts receivable	( 21,831)	( 49,791)
A31180	Other receivables	( 4,506)	( 2,552)
A31200	Inventories	( 68,360)	62,075
A31240	Other current assets	8,957	( 3,797)
			(Continued)

Code		Fiscal year 2025	Fiscal year 2024
A32110	Financial liability at fair value enforced through profit or loss	($ 1,682)	($ 1,582)
A32150	Accounts payable	93,845	15,670
A32180	Other payables	( 2,468)	32,251
A32200	Provision of liability	( 17,687)	( 12,774)
A32230	Other current liabilities	( 1,138)	998
A32990	Other noncurrent liabilities	( 4,202)	995
A33000	Cash inflow generated from operations	155,081	479,339
A33300	Interest paid	( 7,857)	( 8,707)
A33500	Income taxes (paid) refund	( 77,282)	21,781
AAAA	Net cash inflow from operating activities	69,942	492,413
CASH FLOWS FROM INVESTING ACTIVITIES
B00010	Financial assets at fair value through other comprehensive income	( 169,170)	( 95,048)
B00040	Acquisitions of financial assets at amortized cost	-	( 100,927)
B00050	Proceeds from disposal of financial assets at amortized cost	32,851	227,650
B02700	Acquisition of property, plant and equipment	( 41,693)	( 57,144)
B03700	Increase of refundable deposit	( 304)	-
B03800	Decrease in refundable deposits	190	385
B04500	Acquisition of intangible assets	( 1,490)	( 10,918)
B07500	Interest received	23,107	29,740
B07600	Dividends received	5,133	3,142
BBBB	Net cash used in investing activities	( 151,376)	( 3,120)
CASH FLOWS FROM FINANCING ACTIVITIES
C00200	Decrease in short-term loans	-	( 120,000)
C03000	Increase in guarantee deposits received	-	9
C04020	Payments of lease liabilities	( 1,750)	( 1,730)
C04500	Cash dividends paid	( 157,964)	( 124,513)
CCCC	Net cash flows from (used in) financing activities	( 159,714)	( 246,234)
			(Continued)

Code		Fiscal year 2025	Fiscal year 2024
DDDD	Effect of exchanges rate change on cash	($ 15,184)	($ 5,352)
EEEE	Net increase (decrease) in cash and cash equivalents	( 256,332)	237,707
E00100	Cash and cash equivalents at beginning of period	1,328,994	1,091,287
E00200	Cash and cash equivalents at end of period	$ 1,072,662	$ 1,328,994

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

AVer Information Inc.
Notes to Parent Company Only Financial Statements
January 1 to December 31, 2025 and 2024
(In Thousands of New Taiwan Dollars, unless otherwise specified)

GENERAL

AVer Information Inc. (hereinafter referred to as “AVer” or “the Company”) was incorporated on January, 2008 with businesses that mainly engages in selling, manufacturing, researching, and developing related products of computer system equipment and presentation and video conferencing systems.

AVer’s shares were listed on the Taiwan Stock Exchange (TWSE) since August 25, 2011.

The financial statements were expressed in the functional currency of the Company to be New Taiwan Dollars (NT$).

APPROVAL OF FINANCIAL STATEMENTS

The financial statements were approved and authorized for issue by the Board of Directors on March 4, 2026.

APPLICATION OF NEW, AMENDED AND REVISED STANDARDS AND INTERPRETATIONS

(1) This is the Company’s first-time application for the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) (collectively, hereinafter referred to as “IFRSs Accounting Standards”), which were endorsed and issued by the Financial Supervisory Commission of the Republic of China (hereinafter referred to as the “FSC”) and became effective.

The initial application of the IFRSs Accounting Standards as endorsed and issued into effect by the FSC did not have material impact on the Company’s accounting policies.

(2) The IFRSs Accounting Standards as endorsed by the FSC, applicable starting from 2026.

	Effective Date
Newly issued/revised/amended standards and i n t e r p r e t a t i o n s	Announced by I A S B
Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments”	January 1, 2026
Amendments to IFRS 9 and IFRS 7 “Contracts Referencing Nature-dependent Electricity”	January 1, 2026
Annual Improvements to IFRS Accounting Standards - Volume 11	January 1, 2026
IFRS 17 “Insurance Contracts” (including the 2020 and 2021 amendments to IFRS 17)	January 1, 2023

As of the date of issuance of the financial statements, the Company assessed that the aforementioned amendments of the standards or interpretations will not have material impact on the financial position and performance.

(3) The IFRS Accounting Standards in issue but not yet endorsed and issued into effect by the FSC.

Newly issued/revised/amended standards and i n t e r p r e t a t i o n s	Effective Date Announced by IASB (Note1)
Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets between an Investor and its Associate or Joint Venture”	To be determined by IASB
IFRS 18 “Presentation and Disclosure in Financial Statements”	January 1, 2027 (Note2)
IFRS 19 “Subsidiaries without Public Accountability: Disclosures”	January 1, 2027
Amendments to IAS 21 “Translation to a Hyperinflationary Presentation Currency”	January 1, 2027

Note 1: Unless stated otherwise, the above IFRS Accounting Standards are effective for annual reporting periods beginning on or after their respective effective dates.

Note 2: On September 25, 2025, the FSC announced that IFRS 18 will take effect starting from January 1, 2028. Domestic entities could elect to apply IFRS 18 for an earlier period after the endorsement of IFRS 18 by the FSC.

IFRS 18 "Presentation and Disclosure in Financial Statements"

IFRS 18 will supersede IAS 1 "Presentation of Financial Statements". The main changes comprise:

Items of income and expenses included in the statement of profit or loss shall be classified into the operating, investing, financing, income taxes and discontinued operations categories.
The statement of profit or loss shall present totals and subtotals for operating profit or loss, profit or loss before financing and income taxes and profit or loss.
Provides guidance to enhance the requirements of aggregation and disaggregation: The Company shall identify the assets, liabilities, equity, income, expenses and cash flows that arise from individual transactions or other events and shall classify and aggregate them into groups based on shared characteristics, so as to result in the presentation in the primary financial statements of line items that have at least one similar characteristic. The Company shall disaggregate items with dissimilar characteristics in the primary financial statements and in the notes. The Company labels items as "other" only if it cannot find a more informative label.
Disclosures on Management-defined Performance Measures (MPMs): When in public communications outside financial statements and communicating to users of financial statements management's view of an aspect of the financial performance of the Company as a whole, the Company shall disclose related information about its MPMs in a single note to the financial statements, including the description of such measures, calculations, reconciliations to the subtotal or total specified by IFRS Accounting Standards and the income tax and non-controlling interests effects of related reconciliation items.

Except for the above impact, as of the date the parent financial statements were authorized for issue, the Company is continuously assessing the possible impacts that the application of other standards and

interpretations will have on the Company's financial position and financial performance and will disclose the relevant impacts when the assessment is completed.

In addition, the following consequential amendments have been made to IAS 7 "Statement of Cash Flows":

The Company shall use operating profit or loss as the starting point when presenting cash flows from operating activities under the indirect method.
Interest and dividends received by the Company shall be classified as investing activities, while interest and dividends paid shall be classified as financing activities. However, if, after assessment, the Company has a specific main operating activity, it shall determine how to classify dividends received, interest received and interest paid in the statement of cash flows by referring to how it classifies dividend income, interest income and interest expense in the statement of profit or loss. The total of each of these cash flows shall be classified in a single category in the statement of cash flows.

Except for the above impact, as of the date the consolidated financial statements were authorized for issue, the Company is continuously assessing the other impacts of the above amended standards and interpretations on the Company's financial position and financial performance and will disclose the relevant impact when the assessment is completed.

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(1) Statement of compliance

The financial statements have been prepared in conformity with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and IFRSs endorsed and issued into effect by the FSC.

(2) Basis of preparation

The parent company only financial statements have been prepared on the historical cost basis except for financial instruments which are mentioned at fair value.

The fair value measurements, which are grouped into Levels 1 to 3 based on the degree to which the relevant inputs are observable and based on the significance thereof, are described as follows:

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

The Company processes inputs of investment in subsidiaries using the equity method in preparation the financial statements. In order to maintain the profit and loss, other comprehensive income and equity, to be the same as the contributed profit and loss of the Company's owner, other comprehensive income, and equity of the current year in the consolidated financial statements, certain accounting treatment differences between the individual basis and the consolidated basis are adjustments to "investments using the equity method," "fraction of profit or loss of the equity method subsidiaries," and relevant equity items.

(3) Classification of current and noncurrent assets and liabilities

Current assets include:

Assets held primarily for the purpose of trading
Assets expected to be realized within 12 months after the reporting period; and
Cash and cash equivalents (excluding those restricted by exchange of settlement of liabilities occurred beyond 12 months after the end of the reporting period)

Current liabilities include:

Liability held primarily for the purpose of trading

Liabilities due to be settled within 12 months after the reporting period, even if an agreement to refinance, or to reschedule payments, on a long-term basis is completed after the reporting period and before the consolidated financial statements are authorized for issue; and
Liabilities for which the Group does not have the substantial right at the end of the reporting period to defer settlement for at least 12 months after the reporting period.

Assets and liabilities that are not classified as current assets or current liabilities are classified as noncurrent assets or noncurrent liabilities respectively.

(4) Foreign currencies

In preparing the individual financial statements of the Company, transactions in currencies other than the Company's functional currency (i.e., foreign currencies) are recognized at the rates of exchange prevailing at the dates of the transactions.

At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Exchange differences on monetary items arising from the settlement of translation are recognized in profit or loss in the period in which they arouse.

Non-monetary items measured at fair value that are denominated in foreign currencies are retranslated at the rates prevailing at the date when their fair value was determined. Exchange differences arising from the retranslation of non-monetary items are included in profit or loss for the period except for exchange differences arising from the retranslated of non-monetary items in respect of which gains and losses are classified as other comprehensive income; in which cases, the exchange differences are also recognized in other comprehensive income.

Non-monetary items that are measured at historical cost in a foreign currency are translated using the exchange rate at the date of the transaction, not retranslated.

For the purpose of presenting the parent company only financial statements, the functional currencies of assets and liabilities of its foreign operations (including subsidiaries that operate in countries or use currencies different from the Company) are translated, at the exchange rates prevailing at the end of the reporting period. Income and expense items are translated at the average exchange rates for the period. The resulting currency translation differences are recognized in other comprehensive income.

If the Company fully disposes of the equity of the foreign operations, or partially disposes of them with loss of control, all accumulated exchange differences related to the foreign operations will be reclassified to profit or loss.

In a partial disposal of a subsidiary that does not result in the Company losing control over the subsidiary, the proportionate share of accumulated exchange differences is re-attributed to the non-controlling interests of the subsidiary and is not recognized in profit or loss. For all other partial disposals, the proportionate share of the accumulated exchange differences recognized in other comprehensive income is reclassified to profit or loss.

(5) Inventories

Inventories consist of raw materials, finished goods, and work in progress. Inventories are stated at the lower of cost or net realizable value. Inventory write-downs are made by item, except where it may be appropriate to group similar to related items. The net realizable value is the estimated selling price of inventories less all estimated costs of completion and costs necessary to make the sale. Inventories are recorded at the weighted-average cost.

(6) Investment in subsidiaries

The Company processes investments in subsidiaries using the equity method.

A subsidiary is an entity that is controlled by the Company.

Under the equity method, an investment in a subsidiary is initially recognized at cost and adjusted thereafter in the carrying amount to recognize the Company's share of profit or loss and other comprehensive income of the subsidiary as well as the distribution received. The Company also recognized its share in the changes in the equity of subsidiaries.

Changes in the Company's ownership interests in subsidiaries that do not result in the Company losing control over the subsidiaries are accounted for as equity transactions. Any difference between the carrying amount of the subsidiary and the fair value of the consideration paid or received is recognized directly in equity.

When the Company's fraction of loss in subsidiaries is equal or more than its equity in subsidiaries (including the carrying amount of the subsidiary and other long-term equity that is essentially part of the Company's net investment in the subsidiary), the loss is recognized based on the shareholding ratio.

When the Company assesses impairment, the cash-generating unit is taken into account and, the recoverable amount and carrying amount are compared as a whole in the financial report. If the recoverable amount of the asset increases subsequently, a reversal of an impairment loss is recognized as gains, except the carrying amount of the asset after the reversal of an impairment loss, shall not exceed the carrying amount of the asset less designated amortization, when the impairment loss of such asset is not recognized.

When the Company loses control of a subsidiary, any retained investment of the former subsidiary is measured at the fair value at that date, the fair value of the retain investment, differences between any disposal proceeds and the carrying amount of the investments at that date shall be recognized in the profit or loss of the current period. The Company shall account for all amounts previously recognized in other comprehensive income in relation to the subsidiary on the same basis required if the Company had directly disposed of the related assets and liabilities.

When the Company transacts with its subsidiaries, unrealized profits and losses resulting from the downstream transactions with the subsidiaries are eliminated in the Company's parent company only financial statements. When the Company transacts with its subsidiaries, profits and losses resulting from the upstream and side stream transactions with the subsidiaries are recognized in the Company's parent company only financial statements only to the extent of the items unrelated to the Company's equity in the subsidiaries.

(7) Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost after accumulated depreciation.

Except for freehold land, which is not depreciated, the depreciation of property, plant and equipment is recognized using the straight-line method. Each significant part is depreciated separately within its useful life. The Company will review the estimated useful lives, residual values and depreciation methods for at least once at the end of each reporting period, with the effects of any changes in the estimates accounted for on a prospective basis.

On derecognition of an item of property, plant and equipment, the difference between the net disposal proceeds and the carrying amount of the asset is recognized in profit or loss.

(8) Intangible assets

Computer software costs are initially measured at cost. Subsequent to initial recognition, computer software costs are measured at cost less accumulated amortization and accumulated impairments. Intangible assets are recognized using the straight-line method for depreciation within the useful life. The Company reviews the estimated useful lives, residual values and amortization methods at least once at the end of each reporting period, with the effects of any changes in the accounting estimates on a prospective basis.

Computer software is amortized according to the useful life of 2 years.

On derecognition of an intangible asset, the difference between the net disposal proceeds and the carrying amount of the asset is included in profit or loss of the current period.

(9) Impairment of property, plant and equipment, right-of-use asset and intangible assets

At the end of each reporting period, the Company reviews its property, plant and equipment, right-of-use asset and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. When it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Corporate assets are allocated to the individual cash-generating units on a reasonable and consistent basis of allocation.

The recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset of cash-generating unit is estimated to be less than its carrying amount, the carrying amount of the asset or cash-generating unit is reduced to its recoverable amount, with the resulting impairment loss recognized in profit or loss.

When an impairment loss is subsequently reversed, the carrying amount of the corresponding asset or cash-generating unit is increased to the revised estimation of its recoverable amount, but only to the extent of the carrying amount that have been determined having no impairment loss (less amortization or depreciation) recognized on the asset of cash-generating unit in prior years. A reversal of an impairment loss is recognized in profit or loss.

(10) Financial instruments

Financial assets and financial liabilities are recognized in the parent company only financial statements when the Company becomes a party to the contractual provisions of the instruments.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issuance of financial assets and financial liabilities (other than financial assets and financial liabilities at FVTPL) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at FVTPL are recognized immediately in profit or loss.

Financial assets

All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis.

(1) Measurement categories

Financial assets of the Company are classified into the following categories: financial assets at FVTPL, financial assets at amortized cost and investments in equity instruments at FVTOCI.

A. Financial asset at FVTPL

Financial assets are classified as at FVTPL when such financial assets are mandatorily classified or designated as at FVTPL. Financial assets mandatorily classified as at FVTPL include investments in equity instruments which are not designated as at FVTOCI and debt instruments that do not meet the amortized cost criteria or the FVOCI criteria. Financial assets at FVTPL are subsequently measured at fair value, and any dividends, interest earned and remeasurement gains or losses on such financial assets are recognized in other gains or losses.

B. Financial assets at amortized cost

If investment assets of the Company meet the following two conditions, the investment assets are categorized as financial assets at amortized cost:

a. The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and

b. The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

Subsequent to initial recognition, financial assets (including cash and cash equivalents, accounts receivable and refundable deposits) are measured at amortized cost, which equals the gross carrying amount determined using the effective interest method less any impairment loss. Exchange differences are recognized in profit or loss.

Interest income is calculated by applying the effective interest rate to the gross carrying amount of such a financial asset.

Cash equivalents include time deposits with original maturities within 3 months from the date of acquisition, which are highly liquid, readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. These cash equivalents are held for the purpose of meeting short-term cash commitments.

C. Investments in equity instruments at FVTOCI

On initial recognition, the Company may make an irrevocable election to designate investments in equity instruments as at FVTOCI. Designation as at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination.

Dividends on these investments in equity instruments at FVTOCI are recognized in profit or loss when the Company's right to receive the dividends is established, unless the

Company's rights clearly represent a recovery of part of the cost of the investment.

(2) Impairment of financial assets

The Company recognizes a loss allowance for expected credit losses on financial assets at amortized cost (including accounts receivable) at the end of each reporting period.

The Company always recognizes lifetime expected credit losses (ECL) for accounts receivable. For all other financial instruments, the Company recognizes lifetime ECLs. when there has been a significant increase in credit risk since initial recognition. If, on the other hand, the credit risk on a financial instrument has not increased significantly since initial recognition, the Company measures the loss allowance for that financial instrument at an amount equal to 12-month ECLs.

Expected credit losses reflect the weighted average of credit losses with the respective risks of default occurring as the weights. The 12-month ECLs represent the portion of ECLs that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date. In contrast, lifetime ECLs represent the expected credit losses that will result from all possible default events over the expected life of a financial instrument.

For internal credit risk management purposes, without taking into account any collateral held by the Company, the Company determines the Internal or external information shows that the debtor is unlikely to pay its creditors that a financial asset is in default.

The impairment loss of all financial assets is recognized in profit or loss by a reduction in their carrying amounts through a loss allowance account.

(3) Derecognition of financial assets

The Company derecognizes a financial asset only when the contractual rights to the cash flows from the asset expire or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.

On derecognition of a financial asset at amortized cost in its entirety, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognized in profit or loss. On derecognition of an investment in a debt instrument at FVTOCI, the cumulative gain or loss which had been recognized in other comprehensive income is transferred directly to retained earnings, without recycling through profit or loss.

Equity instruments

Equity instruments issued by the Company are recognized at the proceeds received, net of direct issue costs.

Financial liabilities

(1) Subsequent measurement

All financial liabilities are measured at amortized cost using the effective interest method, except the held derivative.

(2) Derecognition of financial liabilities

The difference between the carrying amount of a financial liability derecognized consideration paid is recognized in profit or loss.

Derivative financial instruments

Derivative instruments that the Company enters into are foreign exchange forward contracts in order to manage its exposure to foreign exchange rate risks.

Derivatives are initially recognized at fair value at the date the derivative contracts are entered into and are subsequently remeasured to their fair value at the end of each reporting period. The resulting gain or loss is recognized in profit or loss directly. When the fair value of

derivative financial instruments is positive, the derivative is recognized as a financial asset; when the fair value of derivative financial instruments is negative, the derivative is recognized as a financial liability.

(11) Provision of liability

Provisions are measured at the best estimate of the discounted cash flows of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. A provision is measured using the cash flows estimated to settle the present obligation.

Warranty

Warranty obligations guarantee that the product complies with agreed-upon specifications, are measured at the best estimate of expenses by the management to settle the Company's obligation, and recognized when relevant products are recognized.

(12) Revenue recognition

The Company identifies contracts with customers, allocates the transaction price to the performance obligations and recognizes revenue when performance obligations are satisfied.

Revenue from the sale of goods

Revenue from the sale of goods comes from sales of computer system equipment, presentation and video conferencing systems. When the goods are delivered to the customer, because it is the time when the customer has full discretion over the price to sell the goods, right-of-use, and the primary responsibility for sales to future customers and bears the risks of obsolescence, the Company recognizes the income and trade receivables concurrently.

The Company does not recognize revenue on materials delivered to subcontractors because this delivery does not involve a transfer of control.

Revenue from the rendering of services

Revenue from the rendering of services comes from the repair service and revenue are recognized when services are provided.

(13) Leases

At the inception of a contract, the Company assesses whether the contract is (or contains) a lease.

The Company as lessor

Leases are classified as finance leases whenever the terms of a lase transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

Lease payments from operating leases, less any lease incentives, are recognized as income on a straight-line basis over the terms of the relevant leases.

The Company as lessee

The Company recognizes right-of-use assets and lease liabilities for all leases at the commencement date of a lease, except for the low-value asset leases and short-term leases accounted for which applies to a recognition exemption where lease payments are recognized as expenses on a straight-line basis over the lease term.

Right-of-use assets are initially measured at cost, which comprises the initial measurement of lease liabilities adjusted for lease payments made at or before the commencement date, less lease incentives received, and plus initial direct costs and an estimate of costs needed to restore the underlying assets. Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses and adjusted for any remeasurement of the lease liabilities. Right-of-use assets are presented on a separate line in the parent company only balance sheets.

Right-of-use assets are depreciated using the straight-line method from the commencement dates to the earlier of the end of the useful lives of the right-of-use assets or the end of the lease term.

Lease liabilities are initially measured at the present value of the lease payments (mainly the fixed payments). If the interest rate implicit in a lease can be readily determined, the lease payments are discounted using such interest rate. If the interest rate implicit in a lease cannot be readily determined, the Company uses the lessee's incremental borrowing rate.

Subsequently, lease liabilities are measured at amortized cost using the effective interest method, with interest expense recognized over the lease terms. When there is a change in a lease term resulting from a change in an index or a rate used to determine those payments, the Company remeasures the lease liabilities with a corresponding adjustment to the right-of-use assets. However, if the carrying amount of the right-of-use assets is reduced to zero, any remaining amount of the remeasurement is recognized in profit or loss. Lease liabilities are presented on a separate line in the parent company only balance sheets.

(14) Employee benefits

Short-term employee benefits

Liabilities recognized in respect of short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in exchange for the related services.

Retirement benefits

Payments to defined contribution retirement benefit plans are recognized as expenses when employees have rendered services entitling them to the contributions.

(15) Taxation

Income tax expense represents the sum of the tax currently payable and the deferred tax.

Current income tax

Income tax payable (recoverable) of the Company is based on taxable profit (loss) for the year determined according to the applicable tax laws of Republic of China.

According to the Income Tax Law in the Republic of China, an additional tax on unappropriated earnings is provided for in the year the shareholders approve to retain earnings.

Adjustments of prior years' tax liabilities are added to or deducted from the current year's tax provision.

Deferred income tax

Deferred income tax is recognized on temporary differences between the carrying amounts of assets and liabilities and the corresponding tax bases used in the computation of taxable profit in the financial statements of each entity.

Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences, or purchases of machinery and equipment, and expenses of research and development, to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilized.

Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries, except where the Company is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments and interests are recognized only to the extent, that it is probable that there will be sufficient taxable profits against which to utilize the benefits of the temporary differences and they are expected to reverse in the foreseeable future.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the assets to be recovered. A previous unrecognized deferred tax asset is also reviewed at the end of each reporting period and

recognized as an increase of adjustment to the carrying amount, to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liabilities are settled or the assets are realized, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred taxes

Current and deferred taxes are recognized in profit or loss.

CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

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

When developing material accounting estimates, the Company considers the implications when making its critical accounting estimates in cash flow projections growth rate, discount rate, profitability, etc. The management will review the estimates and underlying assumptions on an ongoing basis.

Key Sources of Estimation Uncertainty

Assessment on sales allowances of AVer Information Inc. (USA)

multiple contracts on sales discounts (allowances). Since calculation methods applied to respective contracts vary by product or sales achievement; bases of the calculations also involve the risks of estimation uncertainty of expected sales amount.

6. CASH AND CASH EQUIVALENTS

	December 31, 2025	December 31, 2024
Cash on hand and Petty cash	$ 751	$ 769
Checking accounts and demand deposits	783,331	1,097,085
Cash equivalents Time deposits with original maturities of less than 3 months	288,580	231,140
	$1,072,662	$1,328,994

Ranges of the market interest rate of bank deposits at the end of the reporting period are as follows:

	December 31, 2025	December 31, 2024
Bank deposits	0.005%~3.65%	0.001%~4.25%
Time deposits	1.58%~4.00%	1.70%~4.80%

7. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

	December 31, 2025	December 31, 2024
Investments in equity instruments—non current
Domestic Investment
Publicly traded stocks	$1,056,471	$1,132,123
Non—publicly traded	20,000	20,000
	$1,076,471	$1,152,123

The company invested in the common shares of AVerMedia Technologies, Inc. (AVerMedia) and Taiwan Bio-Manufacturing Corporation for medium- to long-term strategic purposes and expects to generate profits through long-term

investments. Management of the company believes that recognizing short-term fair value fluctuations of such investments in profit or loss would be inconsistent with the aforementioned long-term investment strategy. Therefore, these investments are designated to be measured at FVTOCI.

FINANCIAL ASSETS AT AMORTIZED COST

	December 31, 2025	December 31, 2024
Current
Domestic instruments
Time deposits with original maturities of more than 3 months	$ -	$ 28,916

Ranges of the market interest rate of time deposits at the end of the reporting period are as follows:

	December 31, 2025	December 31, 2024
Time deposits	-	0.001%~1.60%

ACCOUNTS RECEIVABLE

	December 31, 2025	December 31, 2024
At amortized cost
Gross carrying amount – Non-related parties	$204,920	$104,939
Gross carrying amount – Related parties	144,120	216,556
Less: Loss allowance	( 6,030)	( 5,700)
	$343,010	$315,795

The Company provides 30~90 days for the average credit period of sales of goods within which interests on the accounts receivable are waived. In order to minimize credit risks, the management of the Company has delegated a team responsible for determining credit limits, credit approvals and other monitoring procedures to ensure that the follow-up action is taken to recover overdue debts. In addition, the Company reviews the recoverable amount of each individual trade debt at the end of the reporting period to ensure that adequate allowance

is made for possible irrecoverable amounts. In this regard, the management believes the Company's credit risk was significantly reduced.

The Company measures the loss allowance for accounts receivable at an amount equal to lifetime ECLs. The expected credit losses on accounts receivable are estimated using a provision matrix by reference to the past default experience of the debtor and an analysis of the debtor's current financial position, adjusted for general economic conditions of the industry in which the debtors operate. As the Company's historical credit loss experience does not show significantly different loss patterns for different customer segments, the provision for loss allowance based on the past due status is not further distinguished according to the Company's different customer base. The Company estimates expected credit losses based on the number of days for which receivables are past due.

The Company has purchased credit insurance for the accounts receivable of major customers outside the Group. The insurance-to-value ratio is 85%~90% of the approved limit of the buyer's insured amount. When the expected credit loss rate is set based on the number of overdue days of the accounts receivable, the recoverable amount of the insurance has been considered.

The Company writes off accounts receivable when there is information indicating that the debtor is experiencing severe financial difficulty, and there is no realistic prospect of recovery of the receivable. For accounts receivables that have been written off, the Company will continue to engage in enforcement activity in attempt to recover the receivables which are due. When recoveries are made, they are recognized in profit or loss.

Loss allowances of accounts receivables of the Company based on the provision matrix are as follows:

December 31, 2025

	Not past due	Past due 1~30 Days	Past due 31~90 Days	Past due 91~210 Days	Past due over 211 days	T o t a l
Gross carrying amount	$ 331,103	$ 9,465	$ 5,611	$ -	$ 2,861	$ 349,040
Loss allowance (lifetime expected credit loss)	(1,187)	(1,054)	(928)	-	(2,861)	(6,030)
Amortized cost	$ 329,916	$ 8,411	$ 4,683	$ -	$ -	$ 343,010

December 31, 2024

	Not past due	Past due 1~30 Days	Past due 31~90 Days	Past due 91~210 Days	Past due over 211 days	Total
Gross carrying amount	$ 300,824	$ 15,801	$ 2,009	$ -	$ 2,861	$ 321,495
Loss allowance (lifetime expected credit loss)	( 266)	( 706)	( 1,867)	-	( 2,861)	( 5,700)
Amortized cost	$ 300,558	$ 15,095	$ 142	$ -	$ -	$ 315,795

The movements of the loss allowance of accounts receivable are as follows:

	Fiscal year 2025	Fiscal year 2024
Balance at January 1	$ 5,700	$ 3,395
Add : Impairment losses	330	2,305
Balance at December 31	$ 6,030	$ 5,700

INVENTORIES

	December 31, 2025	December 31, 2024
Finished goods	$ 39,493	$ 32,979
Work in progress	59,767	28,990
Raw materials	147,428	113,073
	$246,688	$175,042

The nature of the cost of goods sold is as follows:

	Fiscal year 2025	Fiscal year 2024
Cost of inventories sold	$ 963,498	$ 1,029,848
Provision (reversal) of inventory valuation and obsolescence loss	( 3,286)	( 2,169)
	$ 960,212	$ 1,027,679

The reversal of inventory valuation was included in the cost of revenue mainly from the clearance of aged stock.

INVESTMENT USING THE EQUITY METHOD

	December 31, 2025	December 31, 2024
Investee
Unlisted (non-public) company
AVer Information Inc. (USA)	$284,894	$249,434
AVer Information Europe B.V.	38,134	23,412
AVer Information Inc. (Japan)	166	( 3,895)
		(Continued)

The percentages of ownership and voting rights in the subsidiary held by the Company at the end of the reporting period are as follows:

	December 31, 2025	December 31, 2024
AVer Information (Vietnam) Co., Ltd.	$ 17,636	$ 19,616
Yuan Chen Investment Co., Ltd.	441	438
	341,271	289,005
Add : The credit balance of investments using equity method reclassified as other non-current liabilities	-	3,895
	$341,271	$292,900
	December 31, 2025	December 31, 2024
---	---	---
AVer Information Inc. (USA)	100%	100%
AVer Information Europe B.V.	100%	100%
AVer Information Inc. (Japan)	100%	100%
AVer Information (Vietnam) Co., Ltd.	100%	100%
Yuan Chen Investment Co., Ltd.	100%	100%

12. PROPERTY, PLANT AND EQUIPMENT

	L a n d	Houses and buildings	Machinery equipment	Transportation equipment	Office equipment	Leasehold improvements	Other equipment	Construction in progress a n d Equipment pending acceptance	T o t a l
Cost
BALANCE, January 1, 2025	$ 373,218	$ 904,142	$ 187,685	$ 13,526	$ 37,959	$ 293	$ 94,756	$ 55,687	$1,667,266
Addition	-	16,254	4,878	1,620	6,434	432	4,733	6,775	41,126
Disposal	-	-	-	-	(86)	-	(245)	-	(331)
Reclassified as other noncurrent assets	-	-	2,240	-	351	-	3,124	(5,617)	98
BALANCE, DECEMBER 31, 2025	$ 373,218	$ 920,396	$ 194,803	$ 15,146	$ 44,658	$ 725	$ 102,368	$ 56,845	$1,708,159
Accumulated depreciation
BALANCE, January 1, 2025	$ -	$ 287,219	$ 134,335	$ 8,597	$ 30,252	$ 293	$ 72,372	$ -	$ 533,068
Depreciation expense	-	27,115	30,946	1,339	6,124	216	20,414	-	86,154
Disposal	-	-	-	-	(86)	-	(245)	-	(331)
BALANCE, DECEMBER 31, 2025	$ -	$ 314,334	$ 165,281	$ 9,936	$ 36,290	$ 509	$ 92,541	$ -	$ 618,891
NET VALUE, December 31, 2025	$ 373,218	$ 606,062	$ 29,522	$ 5,210	$ 8,368	$ 216	$ 9,827	$ 56,845	$1,089,268
Cost
BALANCE, January 1, 2024	$ 373,218	$ 900,305	$ 187,939	$ 9,016	$ 38,363	$ 293	$ 88,897	$ 20,748	$1,618,779
Addition	-	3,527	1,683	4,510	1,818	-	10,531	33,873	55,942
Disposal	-	-	(1,937)	-	(2,222)	-	(4,729)	-	(8,888)
Reclassified as other current and noncurrent assets	-	310	-	-	-	-	57	1,066	1,433

(Continued)

	L a n d	Houses and buildings	Machinery equipment	Transportation equipment	Office equipment	Leasehold improvements	Other equipment	Construction in progress a n d Equipment pending acceptance	T o t a l
BALANCE, DECEMBER 31, 2024	$ 373,218	$ 904,142	$ 187,685	$ 13,526	$ 37,959	$ 293	$ 94,756	$ 55,687	$1,667,266
Accumulated depreciation
BALANCE, January 1, 2024	$ -	$ 259,572	$ 100,382	$ 7,711	$ 25,468	$ 133	$ 44,073	$ -	$ 437,339
Depreciation expense	-	27,647	55,890	886	7,005	160	33,028	-	104,616
Disposal	-	-	( 1,937)	-	( 2,221)	-	( 4,729)	-	( 8,887)
BALANCE, DECEMBER 31, 2024	$ -	$ 287,219	$ 134,335	$ 8,597	$ 30,252	$ 293	$ 72,372	$ -	$ 533,068
NET VALUE, December 31, 2024	$ 373,218	$ 616,923	$ 53,350	$ 4,929	$ 7,707	$ -	$ 22,384	$ 55,687	$1,134,198

For the year ended on December 31, 2025 and 2024, no indication of an impairment loss of the Company's property, plant and equipment was present, and therefore, no impairment assessment was performed.

The above items of property, plant and equipment are depreciated on a straight-line basis over their estimated useful lives as follows:

Plant main buildings 50 years
Electromechanical power and engineering systems 5-10 years
Machinery equipment 3-10 years
Transportation equipment 5 years
Office equipment 3-5 years
Leasehold improvements 2 years
Other equipment 2 years

13. LEASE ARRANGEMENTS

(1) Right-of-use assets

	December 31, 2025	December 31, 2024
Right-of-use assets carrying amount
Buildings	$ 3,803	$ -
	Fiscal year 2025	Fiscal year 2024
Additions of right-of-use assets	$ 5,620	$ -
Depreciation of right-of-use assets
Buildings	$ 1,817	$ 1,700

Except for additions to leases and depreciation recognized, there were no material subleases or impairment of the Company's right-of-use assets for the years ended December 31, 2025 and 2024.

(2) Lease liabilities

	December 31, 2025	December 31, 2024
Lease liability carrying amount
Current	$ 1,804	$ -
Noncurrent	$ 2,066	$ -

Range of discount rates for lease liabilities was as follows:

	December 31, 2025	December 31, 2024
Buildings	2.26%~4.00%	-

(3) Material terms of right-of-use assets

The Company leases certain buildings for the use as offices with lease terms of 2-5 years. The Company has no bargain purchase option to acquire the leasehold offices at the end of the lease terms.

(4) Other lease information

	Fiscal year 2025	Fiscal year 2024
Total cash outflow for leases	($ 1,932)	($ 1,758)

SHORT-TERM LOANS

	December 31, 2025	December 31, 2024
Unsecured loans	$ 400,000	$ 400,000
Annual interest rate (%)	1.88%~1.89%	1.86%~1.92%
Maturity date	2026/1/16	2025/1/20

OTHER PAYABLES

	December 31, 2025	December 31, 2024
Salary and bonus payable	$162,550	$156,421
Vacation payable	29,264	26,990
Payable for license fees	26,900	25,794
Payable for employees' compensation and remuneration of directors	17,388	34,402
Others	50,871	46,844
	$286,973	$290,451

PROVISION OF LIABILITY

	December 31, 2025	December 31, 2024
Current – warranty (classified under other current liabilities)	$ 9,880	$ 7,755
Noncurrent – warranty	49,835	44,824
	$ 59,715	$ 52,579

The provision of liability is the present value of the best estimate of the future economic benefit outflow resulted from the warranty obligations by the management of the Company as agreed in the product sales contract. The estimate is based on historical warranty experience.

RETIREMENT BENEFIT PLANS

The Company adopted a pension plan under the Labor Pension Act (LPA) which is a contribution plan managed and defined by the government. Under the LPA, the Company makes monthly contributions to employees' individual pension accounts at 6% of monthly salaries and wages.

EQUITY

(1) Capital - common stock

	December 31, 2025	December 31, 2024
Number of shares authorized (in thousands of shares)	150,000	150,000
Shares authorized	$1,500,000	$1,500,000
Number of shares issued (in thousands of shares)	92,920	92,920
Shares issued	$929,200	$929,200

A holder of issued common shares with par value of NT$10 per share is entitled to vote and to receive dividends.

(2) Capital surplus

	December 31, 2025	December 31, 2024
Additional paid-in capital	$734,624	$734,624
Treasury share transactions	496	496
	$735,120	$735,120

Such capital surplus may be used to offset a deficit; in addition, when the Company has no deficit, such capital surplus may be distributed as cash dividends or transferred to share capital which is limited to a certain percentage of the Company's capital surplus each year.

(3) Retained earnings and dividends policy

In accordance with the Company's Articles of Incorporation, where the Company made profit in a fiscal year, the profit shall be first utilized for paying taxes, offsetting losses of previous year, setting aside a legal reserve 10% of the remaining profit, setting aside or reversing a special reserve in accordance with the laws and regulations; and then any remaining profit together with any undistributed retained earnings shall be used by the Company's board of directors as the basis for proposing a distribution plan, which shall be resolved in the shareholders' meeting for the distribution of dividends and bonuses to shareholders. For the policies on the distribution of employees' compensation and remuneration of directors stated by the Company's Articles of Incorporation, please refer to "Employees' compensation and remuneration of directors" in Note 20 (7).

In consideration of the Company's long-term financial planning and meeting the shareholders' needs of cash inflow, cash dividends distributed to shareholders each year shall not be lower than 10% of the total dividends distributed in the current year in accordance with the Company's Articles of Incorporation.

Appropriation of earnings to the legal reserve shall be made until the legal reserve equals the Company's paid-in capital. The legal reserve may be

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

The appropriations of earnings for 2024 and 2023 had been approved in the meetings of the shareholders of the Company held on June 11, 2025 and June 12, 2024 respectively. The appropriations and dividends per share were as follows:

	The appropriation of e a r n i n g s		Dividends per Share ( N T $ )
	Fiscal year 2024	Fiscal year 2023	Fiscal year 2024	Fiscal year 2023
Appropriated as legal reserve	$ 18,950	$ 24,996
Appropriated as special reserve	( 266,115)	( 289,515)
Cash dividends	157,964	124,513	$ 1.70	$ 1.34

The appropriation of earnings for 2025 subject to the resolution of the shareholders' meeting to be held on March 4, 2026 is as follows:

	The proposed appropriation of e a r n i n g s	Dividends per Share (NT$)
Appropriated as legal reserve	$ 10,524
Appropriated as special reserve	191,277
Cash dividends	92,920	$ 1.00

The appropriation of earnings for 2025 will be resolved in the shareholders' meeting to be held on June 9, 2026.

19. REVENUE

	Fiscal year 2025	Fiscal year 2024
Revenue from contracts with customers
sale of goods	$1,749,393	$1,967,803
services and other	23,580	116,441
	$1,772,973	$2,084,244

Disaggregation of Revenue from contracts with customers – Type of goods

	Fiscal year 2025	Fiscal year 2024
Video conferencing systems products	$1,511,223	$1,502,358
Integrated education products	209,920	540,714
Others	51,830	41,172
	$1,772,973	$2,084,244

ADDITIONAL INFORMATION OF NET INCOME

(1) Interest income

	Fiscal year 2025	Fiscal year 2024
Bank deposits	$ 23,052	$ 29,578
Others	4	3
	$ 23,056	$ 29,581

(2) Other revenues

	Fiscal year 2025	Fiscal year 2024
Rental income	$ 480	$ 680
Dividends received	5,133	3,142
Others	4,421	8,870
	$ 10,034	$ 12,692

(3) Other gains and losses

	Fiscal year 2025	Fiscal year 2024
Financial assets mandatorily measured at FVTPL	$ 4,972	$ 2,904
Net foreign exchange(losses)
Gains	( 8,912 )	57,121
(Losses) Gains on disposal and write-off of property, plant and equipment	-	( 1 )
	($ 3,940 )	$ 60,024

(4) Finance cost

	Fiscal year 2025	Fiscal year 2024
Interest on bank loans	$ 7,617	$ 8,219
Interest on lease liabilities	182	28
	$ 7,799	$ 8,247

(5) Depreciation and amortization

	Fiscal year 2025	Fiscal year 2024
Property, plant and equipment	$ 86,154	$104,616
Right-of-use assets	1,817	1,700
Intangible assets	8,288	11,710
	$ 96,259	$118,026
An analysis of depreciation by function
Cost of revenue	$ 47,712	$ 64,647
Operating expenses	40,259	41,669
	$ 87,971	$106,316
An analysis of amortization by function
Cost of revenue	$ 143	$ 3,426
Marketing	17	17
General and administrative	2,638	4,602
Research and development	5,490	3,665
	$ 8,288	$ 11,710

(6) Employee benefits expense

	Fiscal year 2025	Fiscal year 2024
Post-employment benefits
Defined contribution plans	$ 25,414	$ 25,195
Short-term benefits
Salary expense	596,871	608,477
Insurance expense	49,002	47,969
Others	22,177	21,603
Total employee benefits expense	$ 693,464	$ 703,244
An analysis of employee benefits expense by function
Cost of revenue	$ 131,295	$ 129,488
Operating expenses	562,169	573,756
	$ 693,464	$ 703,244

(7) Employees' compensation and remuneration of directors

In compliance with the Articles of Incorporation, the Company accrued employees' compensation and remuneration of directors at the rate of $5\% \sim 20\%$ and no more than $2\%$ , respectively, of net profit before income tax,

employees' compensation, and remuneration of directors. In accordance with the amendments to the Securities and Exchange Act in August 2024, the Company has approved the amendment to its Articles of Incorporation at the 2025 shareholders' meeting, stipulating that at least 1% of the current year's net profit before income tax, before deducting employees' and directors' compensation, shall be allocated as compensation to basic-level employees. For the fiscal years of 2025 and 2024, the accrued employees' compensation and the remuneration of directors approved by the Board of Directors were as follows:

Accrual rate	Fiscal year 2025	Fiscal year 2024
Compensation of employees	10%	10%
Remuneration of directors	1.99%	1.99%
Amount (NT$)	Fiscal year 2025	Fiscal year 2024
Compensation of employees
— Cash	$ 14,502	$ 28,692
Remuneration of directors	2,886	5,710
	$ 17,388	$ 34,402
Recognized amount in parent company only financial statements	$ 17,388	$ 34,402

If there is a change in the amounts after the annual financial statements were authorized for issue, the differences are recorded as a change in the accounting estimation in the following year.

There were no difference between the employees' compensation and directors' remuneration approved for 2024 and 2023 and the amounts reported as expenses in 2024 and 2023.

Information on the employees' compensation and remuneration of directors approved by the Company's Board of Directors is available at the "Market Observation Post System" website of the Taiwan Stock Exchange.

INCOME TAX

(1) Income tax recognized in profit or loss

Major components of income tax expense as follows:

	Fiscal year 2025	Fiscal year 2024
Current income tax
In respect of the current year	$ 8,800	$ 37,707
Income tax on unappropriated earnings	13,935	18,064
Adjustments in respect of prior years	-	(145)
	22,735	55,626
Deferred income tax
In respect of the current year	(345)	7,387
Income tax expenses recognized in profit or loss	$ 22,390	$ 63,013

The reconciliation between accounting profit and income tax expenses is shown below:

	Fiscal year 2025	Fiscal year 2024
Income before income tax	$ 127,631	$ 252,516
Income tax expense calculated at the statutory rate based on the profit before tax	$ 25,526	$ 50,503
Non-deductible expense in determining taxable income	-	12
Income tax on unappropriated earnings	13,935	18,064
Tax-exempt income	( 1,026)	( 628)
Unrecognized deductible temporary differences	( 11,979)	19,108
Investment tax credit in current year	( 4,066)	( 23,901)
Adjustments of prior years' income tax expenses added to current year	-	( 145)
Income tax expenses recognized in profit or loss	$ 22,390	$ 63,013

(2) Deferred tax assets and liabilities

The movements of deferred tax assets and deferred tax liabilities were as follows:

Fiscal year 2025

	Opening balance	Recognized in profit or losses	Closing balance
Deferred tax assets
Temporary differences
Provision of liability	$ 10,516	$ 1,427	$ 11,943
Inventory valuation losses	5,397	455	5,852
Vacation pay payable	5,230	( 657)	4,573
Unrealized gross profit of sales between affiliated companies	2,432	( 272)	2,160
Others	2,801	( 589)	2,212
	$ 26,376	$ 364	$ 26,740
Deferred tax liabilities
Temporary differences
Others	$ -	$ 19	$ 19

Fiscal year 2024

	Opening balance	Recognized in profit or losses	Closing balance
Deferred tax assets
Temporary differences
Provision of liability	$ 11,412	($ 896)	$ 10,516
Vacation pay payable	5,095	302	5,397
Inventory valuation losses	5,664	( 434)	5,230
Unrealized gross profit of sales between affiliated companies	1,714	718	2,432
Others	9,878	( 7,077)	2,801
	$ 33,763	($ 7,387)	$ 26,376

(3) Income tax assessments

The Company's tax returns through 2023 have been assessed by the tax authorities.

22. EARNINGS PER SHARE

The net profit and weighted average number of ordinary shares outstanding in the computation of earnings per share from continuing operations were as follows:

NET INCOME

	Fiscal year 2025	Fiscal year 2024
Net profits used in the computation of basic earnings and diluted earnings per share	$105,241	$189,503
Number of shares		Unit: in Thousands
	Fiscal year 2025	Fiscal year 2024
Weighted average number of ordinary shares used in the computation of basic earnings per share	92,920	92,920
Effect of potential dilutive ordinary shares:
Compensation of employees	544	699
Weighted average number of ordinary shares used in the computation of diluted earnings per share	93,464	93,619

If the Company offered to settle the employees' compensation in cash or shares, the Company assumed that the entire amount of the compensation will be settled in shares, and the resulting potential shares were included in the weighted average number of shares outstanding used in the computation of diluted earnings per share, as the effect is dilutive. Such dilutive effect of the potential shares is included in the computation of diluted earnings per share until the number of shares to be distributed to employees is resolved in the following year.

23. CAPITAL RISK MANAGEMENT

The Company manages its capital to ensure that all entities of the Company will be able to operate under the premises of going concerns and

growth while maximizing the return to shareholders through the optimization of the debt and equity balance.

The Company's capital structure is composed of the net debt (i.e., total liabilities less cash and cash equivalents) and equity (i.e., capital, capital surplus, retained earnings, and other equity items) of the Company.

The Company has no other external capital requirements that need to be complied with.

24. FINANCIAL INSTRUMENTS

(1) Fair value of financial instruments not measured at fair value

The management of the Company considers that the carrying amounts of financial assets and financial liabilities recognized in the parent company only financial statements approximate their fair values or their fair values cannot be reliably measured.

(2) Fair value of financial instruments measured at fair value on a recurring basis

Fair value hierarchy

December 31, 2025

	Level 1	Level 2	Level 3	Total
Financial assets at FVTPL
Investments in equity instruments
Publicly traded stocks	$1,056,471	$ -	$ -	$1,056,471
Non - publicly traded	-	-	20,000	20,000
	$1,056,471	$ -	$ 20,000	$1,076,471
December 31, 2024
	Level 1	Level 2	Level 3	Total
Financial assets at FVTPL
Investments in equity instruments
Publicly traded stocks	$1,132,123	$ -	$ -	$1,132,123
Non - publicly traded	-	-	20,000	20,000
	$1,132,123	$ -	$ 20,000	$1,152,123

There was no transfer between Level 1 and Level 2 in the year of 2025 and 2024.

Valuation techniques and inputs applied for Level 3 fair value measurement

The investments in domestic non - publicly traded stock are measured at fair value based on the price of cash capital increase conducted by the investee company.

(3) Categories of financial instruments

	December 31, 2025	December 31, 2024
Financial assets
Amortized cost (Note 1)	$ 1,431,951	$ 1,686,776
Financial assets at FVTOCI-Investments in equity instruments	1,076,471	1,152,123
Financial liability
Amortized cost (Note 2)	650,289	549,906

Note 1: The balances included financial liabilities measured at amortized cost, which comprise cash and cash equivalents, notes receivable and trade receivable, other receivables, and other financial assets.

Note 2: The balances included financial liabilities measured at amortized cost, which comprise short-term bank loans, trade payable, other payable, and guarantee deposits.

(4) Financial risk management objectives and policies

The Company manages its exposure to risks relating to the operations through market risk (including exchange rate risk, interest rate risk, and other price risk), credit risk, and liquidity risk as the objective of its financial risk management. To reduce relevant financial risk, the Company identifies, assesses, and avoids the market uncertainties, in order to reduce the potentially adverse effects on the Company's financial performance.

Before entering into significant transactions, approval process by the Audit Committee and the Board of Directors must be carried out based on related standards and internal control procedures.

Market risk

The primary financial risks of the Company's activities exposed to be changes in foreign currency exchange rates, interest rates, and the Company utilizes some derivative financial instruments (mainly forward foreign exchange contracts) to manage the related risks.

There has been no change to the Company's exposure to market risks or the manner in which these risks are managed and measured.

(1) Foreign currency risk

The Company uses forward foreign exchange contracts to manage the foreign currency risk of accounts receivable that are not denominated in functional currency created from export sales. The carrying amounts of the Company's foreign currency denominated monetary assets and monetary liabilities at the end of reporting period are set out in Note 26.

Sensitivity analysis

The Company is mainly influenced by the USD, EUR and JPY.

The following table details the Company's sensitivity to a 5% increase or decrease in the New Taiwan dollars (i.e., functional currency) against relevant foreign currencies. The positive number below indicates an increase in pre-tax profit associated with the functional currency depreciating 5% against the relevant currency; the aforementioned number but of negative value indicates a decrease in pre-tax profit associated with the functional currency strengthening 5% against the relevant currency.

	P r o f i t o r l o s s
	Fiscal year 2025	Fiscal year 2024
USD	$ 24,796	$ 33,538
EUR	11,136	15,670
JPY	7,192	6,188

(2) Interest rate risk

The carrying amounts of the Company's financial assets and financial liabilities with exposure to interest rate risk at the end of the reporting period were as follows:

	December 31, 2025	December 31, 2024
Fair value interest rate risk
– Financial assets	$ 288,580	$ 260,056
– Financial liabilities	403,870	-
Cash flow interest rate risk
– Financial assets	783,331	1,097,085
– Financial liabilities	-	400,000

The Company is exposed to cash flow interest rate risk because of having bank deposits and short-term loans at floating interest rates.

Sensitivity analysis

The sensitivity analysis below was determined based on the Company's exposure to interest rate risk for non-derivative instruments at the end of the reporting period.

If interest rates had been increased/decreased by 25 basis points and all other variables were held constant, the Company's pre-tax profit for the fiscal years of 2025 and 2024 would increase/decrease by NT$1,958 thousand and NT$1,743 thousand, respectively.

(3) Other price risk

The Company was exposed to price risk arising from the investments in equity securities.

Price sensitivity analysis

A sensitivity analysis is performed based on the equity price risk at the end of the reporting period.

If equity prices had been increased/decreased by 10%, the Company's comprehensive income for the fiscal years of 2025 and 2024 would increase/decrease by NT$107,647 and NT$115,212 thousand, respectively, as a result of the increase/decrease in fair value of financial assets at FVTOCI.

Credit risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the Company. The Company's exposure to credit risk mainly arises from cash, bank deposits, receivables of the operating activities and other financial instruments created by investment activities.

Financial credit risk

The Company controls and manages its exposure to credit risk which pertained in every financial institute. Since the Company's bank deposits are from creditworthy financial institutes, therefore, no significant credit risk was identified.

Business related credit risk

In order to reduce credit risk, the Company continuously assesses the financial position and historical transaction records of each customer through payment policies, except without requiring the counterparty to provide collateral or security. In order to reduce credit risk, the Company purchased the credit insurance for major customers on receivables. The insurance-to-value ratio is 85% ~ 90% of the approved limit of buyer's insured amount. In addition, the Company

reviews the recoverable amount of each individual trade debt at the end of the reporting period to ensure that adequate allowance is made for possible irrecoverable amounts. Therefore, the management of the

Company concluded that the Company does not have significant credit risk.

3. Liquidity risk

The Company finances its operations and mitigates the effects of fluctuations in cash flows through controlling and maintaining sufficient cash. The management of the Company monitors the utilization of bank financing amounts and ensures compliance with loan covenants, in order to manage liquidity risk. The Company has sufficient circulating capital to finance the due liabilities and the risk that the Company is unable to provide cash or other financial assets to settle financial liabilities, or to fulfill relevant obligations is not identified. Therefore, bank borrowing is not a significant source of liquidity to the Company.

As of December 31, 2025 and 2024, the Company had available un-utilized financing amount set out as following descriptions of the financing amounts in (2).

(1) Liquidity and interest rate risk tables

The following table details the Company's remaining contractual maturities for its non-derivative financial liabilities with agreed upon repayment periods. The table has been drawn up based on the undiscounted cash flows of financial liabilities from the earliest date on which the Company can be required to pay. The table includes undiscounted cash flow based on financial liabilities (include principal and accrued interest).

December 31, 2025

| | O n
Demand or
Less than 1
M o n t h | 1-3 months | 3 months-1
y e a r | 1 year-5
y e a r |
| --- | --- | --- | --- | --- |
| Non-derivative
financial liability | | | | |
| Non-interest bearing | $ 121,985 | $ 121,948 | $ 5,585 | $ - |
| Lease liability | 159 | 319 | 1,434 | 2,188 |
| Fixed interest
instruments | 400,000 | - | - | - |
| | $ 522,144 | $ 122,267 | $ 7,019 | $ 2,188 |

December 31, 2024

| | On Demand
o r
Less than 1
M o n t h | 1-3 months | 3 months-1
y e a r |
| --- | --- | --- | --- |
| Non-derivative
financial liability | | | |
| Non-interest
bearing | $ 73,460 | $ 68,830 | $ 8,626 |
| Floating interest
rate liabilities | 400,000 | - | - |
| | $ 473,460 | $ 68,830 | $ 8,626 |

(2) Financing amount

	December 31, 2025	December 31, 2024
Unsecured bank financing amount
— Amount used	$ 400,000	$ 400,000
— Amount unused	600,000	600,000
	$ 1,000,000	$ 1,000,000
	December 31, 2025	December 31, 2024
Secured bank financing amount
— Amount used	$ -	$ -
— Amount unused	300,000	300,000
	$ 300,000	$ 300,000

25. TRANSACTIONS WITH RELATED PARTIES

The parent company of the Company is AVerMedia Technologies, Inc. (AVerMedia) that holds 49.92% of ordinary shares of the Company directly and indirectly on December 31, 2025 and 2024 respectively.

Besides information disclosed elsewhere in the other notes, details of transactions between the Company and other related parties are disclosed as follows.

(1) Related party name and relationship with the Company

Related Party Name	Relationship with the Company
AVerMedia Technologies, Inc.	Parent company
AVerMedia Technology Inc. (ShangHai)	Fellow subsidiary
AVer Information Inc. (USA)	Subsidiary
AVer Information Europe B.V.	Subsidiary
AVer Information Inc. (Japan)	Subsidiary
AVer Information (Vietnam) Co., Ltd.	Subsidiary

(2) Operating income

Line Items	Related Party Category/ I t e m	Fiscal year 2025	Fiscal year 2024
Revenue	Parent company Subsidiary	$ 26,650	$ 26,991
	AVer Information Inc. (USA)	527,281	742,833
	AVer Information Europe B.V.	334,802	486,160
	AVer Information Inc. (Japan)	93,239	121,735
	Other	31,534	26,065
		986,856	1,376,793
		$ 1,013,506	$ 1,403,784

Purchase and sales of goods from/to related parties follows the regular trade condition (market price); The collection period for the related parties were 90 days after the goods were shipped.

(3) Purchases

Related Party Category	Fiscal year 2025	Fiscal year 2024
Parent company	$ 6,272	$ 6,577

(4) Receivables from related parties

Line Items	Related Party Category/Item	December 31, 2025	December 31, 2024
Accounts receivable	Parent company	$ 6,960	$ 7,215
	Subsidiary
	AVer Information Inc. (USA)	18,774	90,734
	AVer Information Europe B.V.	73,400	86,973
	AVer Information Inc. (Japan)	31,972	21,642
	AVer Information (Vietnam) Co., Ltd.	13,014	9,992
		137,160	209,341
		$ 144,120	$ 216,556
Other Accounts receivables	Parent company
	AVerMedia	$ 2,532	$ 3,079
	Technologies, Inc.

The outstanding trade receivables from related parties are unsecured. For the fiscal years of 2025 and 2024, no impairment loss was recognized for trade receivables from related parties.

(5) Payables to related parties

Line Items	Related Party Category/Item	December 31, 2025	December 31, 2024
Accounts payable	Parent company	$ 1,511	$ 563
	AVerMedia Technology Inc.
Other payables	Parent company	$ 88	$ 443
	Fellow company
	AVerMedia Technology Inc. (ShangHai)	194	209
	Subsidiary
	AVer Information Inc. (USA)	382	2,881
	AVer Information Europe B.V.	791	313

(Continued)

Related Party Category/ Item	December 31, 2025	December 31, 2024
AVer Information Inc. (Japan)	1,146	-
Other	-	10
	2,319	3,204
	$ 2,601	$ 3,856

The outstanding trade payables from related parties are unsecured.

(6) Others

Line Items	Related Party Category/ Item	December 31, 2025	December 31, 2024
Other revenues	Parent company AVerMedia Technologies, Inc.	$ 2,880	$ 2,997

(7) Compensation of key management personnel

		Fiscal year 2025	Fiscal year 2024
Short-term	employee
benefits		$ 36,382	$ 41,560
Post-employment	benefits	540	557
		$ 36,922	$ 42,117

The remuneration of Board of Directors and other key executives were determined by the remuneration committee based on the performance of individuals and market trends.

SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

The Company's significant financial assets and liabilities denominated in foreign currencies aggregated by the foreign currencies other than functional currencies and the related exchange rates between foreign currencies and respective functional currencies were as follows. Significant assets and liabilities denominated in foreign currencies are as follows:

(Unit: NTD and Foreign Currency in Thousands)

December 31, 2025

	Foreign currency	Exchange rate	Carrying amount
Financial assets
Monetary items
USD	$ 19,535	31.43 (USD: NTD)	$ 613,982
EUR	6,036	36.90 (EUR: NTD)	222,711
JPY	716,299	0.20 (JPY: NTD)	143,833
Non-monetary items
Subsidiary using the equity method
USD	9,064	31.43 (USD: NTD)	284,894
EUR	1,033	36.90 (EUR: NTD)	38,134
Financial liability
Monetary items
USD	3,756	31.43 (USD: NTD)	118,065

December 31, 2024

	Foreign currency	Exchange rate	Carrying amount
Financial assets
Monetary items
USD	$ 22,839	32.79 (USD: NTD)	$ 748,776
EUR	9,180	34.14 (EUR: NTD)	313,394
JPY	589,576	0.21 (JPY: NTD)	123,752
Non-monetary items
Subsidiary using the equity method
USD	7,608	32.79 (USD: NTD)	249,434
EUR	686	34.14 (EUR: NTD)	23,412
Financial liability
Monetary items
USD	2,380	32.79 (USD: NTD)	78,020

For the years ended December 31, 2025 and 2024, the net foreign exchange gains (losses) were (NT$ 8,912) thousand and net foreign exchange gains (losses) NT$ 57,121 thousand, respectively. It is impractical to disclose net foreign exchange gains or losses by each significant foreign currency due to the variety of the foreign currency.

27. SEPARATELY DISCLOSED ITEMS

(1) Information on significant transactions:

Financing provided to others : None
Endorsements/guarantees provided : None
Marketable securities held (excluding investment in subsidiaries, associates and joint ventures) : Table 1(attached)
Total purchases from or sales to related parties amounting to at least NT$100 million or more than 20% of the paid-in capital : Table 2(attached)
Receivables from related parties amounting to at least NT$100 million or more than 20% of the paid-in capital : None

(2) Information on investees: Table 3 (attached)

(3) Information on investments in mainland China:

Information on any investee company in mainland China, including the name, principal business activities, paid-in capital, method of investment, inward and outward remittance of funds, shareholding ratio, investment gains or losses, carrying amount of the investment at the end of the reporting period, repatriation of investment gains or losses, and the limit on the amount of investment in the mainland China area: None
Any of the significant transactions with investee companies in mainland China, either directly or indirectly through a third area, and their prices, payment terms, and unrealized gains or losses: None

AVer Information Inc.
Marketable securities held at the end of the reporting period.
December 31, 2025

Table 1 (attached)
Unit: unless stated otherwise
In Thousands of New Taiwan Dollars

Held Company Name	Marketable Securities Type and Name	Relationship With the Company	Financial Statement Account	End date of the Reporting Period
				Unit (In Thousands)	Carrying Value	Percentage of Ownership	Fair Value
The Company	Publicly traded stocks
AVerMedia Technologies, Inc.	Parent company of the Company	Financial assets at fair value through other comprehensive income	27,194	$1,056,471	17.29%	$1,056,471

Note : This table is the securities that the company judges and must be listed in accordance with the principle of significance.

AVer Information Inc.

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF PAID-IN CAPITAL

January 1 to December 31, 2025

Table 2 (attached)

Unit: unless stated otherwise

In Thousands of New Taiwan Dollars

Purchase (Sale) Held Company Name	Related Party	Relationship	Transaction Details				Abnormal Transaction Condition and Reason		Notes, Accounts Receivable (Payable)
			Purchase (Sale)	Amount	Percentage to Total Purchase (Sale) (%)	Payment Term	Unit Price	Payment Term	Ending Balance	% to Total Notes Account Receivable (Payable) (%)
The Company	AVer Information Inc. (USA)	Subsidiary	Sales	$ 527,281	(30%)	90 days after the goods were shipped	$ -	-	$ 18,774	5%
The Company	AVer Information Europe B.V.	Subsidiary	Sales	334,802	(19%)	90 days after the goods were shipped	-	-	73,400	21%

Company name: AVer Information Inc.

INFORMATION ON INVESTEES

January 1 to December 31, 2025

Table 3 (attached)
Unit: unless stated otherwise,
New Taiwan Dollars/Foreign Currencies in Thousands

Investor Company	Investee Company	Main Businesses	Original Investment Amount		Balance at the End of the Period		Investee Company Net Income (Loss) of the Period
			End date of the Reporting Period	End date of the Previous Period	Shares	Percentage (%)
The Company	AVer Information Inc. (USA)	United States	$ 217,848 (USD 6,000)	$ 217,848 (USD 6,000)	6,990,000	100	$ 34,064
	AVer Information Europe B.V.	Netherlands	131,089 (EUR 3,000)	131,089 (EUR 3,000)	(Note 1)	100	9,454
	AVer Information Inc. (Japan)	Japan	24,828 (JPY 70,000)	24,828 (JPY 70,000)	1,400	100	5,340
	AVer Information (Vietnam) Co., Ltd.	Vietnam	10,710 (VND 8,172,000)	10,710 (VND 8,172,000)	(Note 1)	100	(1,162)
	Yuan Chen Investment Co., Ltd.	Taiwan	500	500	50,000	100	3

Note 1: Only the investment amount is displayed on the company business license with no record of shares recorded.
Note 2: Carrying amount is the net amount after unrealized sales profit is deducted.

§ LISTS OF MAJOR ACCOUNTING ITEMS §

I	T	STATEMENT/INDEX
Accounting items in assets, liability and equity
	Statement of cash and cash equivalents	Statement 1
	Statement of accounts receivable	Statement 2
	Statement of inventories	Statement 3
	Statement of investment using the equity method	Statement 4
	Statement of property, plant and equipment	Note 12
	Statement of changes in accumulated depreciation property, plant and equipment	Note 12
	Statement of short-term borrowings	Statement 5
	Statement of accounts payables	Statement 6
Accounting items in profit or loss
	Statement of operating revenue	Statement 7
	Statement of operating cost	Statement 8
	Statement of production expenses	Statement 9
	Statement of operating expenses	Statement 10
	Statement of labor cost, depreciation and amortization by function for the current year	Statement 11

AVer Information Inc.
Statement of cash
December 31, 2025

Statement 1
Unit: New Taiwan Dollars/Foreign
Currencies in Thousands

Item	Description	Amount
Demand deposits	NTD 314,494 thousand, USD 6,066 thousand (exchange rate 1: 31.43), EUR 4,043 thousand (exchange rate 1: 36.9), JPY 632,512 thousand (exchange rate 1: 0.2008), RMB 243 thousand (exchange rate 1: 4.496), KRW 20,891 thousand (exchange rate 1: 0.0220), IDR 277,483 thousand (exchange rate 1: 0.0019)	$ 783,331
Cash on hand and Petty cash	NTD 78 thousand, USD 9 thousand (exchange rate 1: 31.43), EUR 3 thousand (exchange rate 1: 36.9), JPY 456 thousand (exchange rate 1: 0.2008), RMB 25 thousand (exchange rate 1: 4.496), GBP 1 thousand (exchange rate 1: 42.33), THB 3 thousand (exchange rate 1: 1.0019)	751
Time deposits	NTD 100,000 thousand, USD 6,000 thousand (exchange rate 1: 31.43)	288,580
		$1,072,662

AVer Information Inc.
Statement of accounts receivable
December 31, 2025

Statement 2
Unit: In Thousands of New Taiwan
Dollars

C l i e n t	n a m e	A m o u n t
Related party
AVer Information Inc. (USA)		$ 18,774
AVer Information Europe B.V.		73,400
AVer Information Inc. (Japan)		31,972
Other (Note)		19,974
		144,120
Non-related Party
Customer A		62,130
Customer B		61,365
Other (Note)		81,425
Subtotal		204,920
Less: Allowance for doubtful accounts		6,030
Net		198,890
Total		$343,010

Note: Amount of individual customer is less than 5% of the account balance.

AVer Information Inc.
Statement of inventories
December 31, 2025

Statement 3
Unit: In Thousands of New Taiwan
Dollars

I t e m	C o s t s	Net realizable v a l u e
Raw materials	$ 165,367	$ 156,504
Work in progress	61,582	70,313
Finished goods	42,603	93,562
	269,552	$ 320,379
Less: Inventory Valuation Loss allowance	( 22,864 )
Total	$ 246,688

AVer Information Inc.
Statement of investment using the equity method
Fiscal year 2025

Statement 4

Unit: unless stated otherwise
• In Thousands of New Taiwan Dollars

| In ve s t e e
C o m p a n y | Opening amount, January 1, 2 0 2 5 | Additions in investment in current year | Decrease in investment in current year | Using the REALIZED equity (UNREALIZED method) PROFIT Adjustment amount | Balance, December 31, 2025 |
| --- | --- | --- | --- | --- | --- |
| Number of shares(Unit: in Thousands) | Amount | Number of shares(Unit: in Thousands) | Amount | Number of shares(Unit: in Thousands) | Amount | (Note 2) | | Number of shares(Unit: in Thousands) | % | Amount | Net assets value | Collateral or pledge condition |
| AVer Information Inc. (USA) | 6,990 | $ 249,434 | - | $ - | - | $ - | $ 20,956 | $ 14,504 | 6,990 | 100 | $ 284,894 | $ 344,718 |
| AVer Information Europe B.V. | (Note 1) | 23,412 | - | - | - | - | 15,247 | (525) | (Note 1) | 100 | 38,134 | 81,185 |
| AVer Information Inc. (Japan) | 1.4 | (3,895) | - | - | - | - | 5,192 | (1,131) | 1.4 | 100 | 166 | 4,043 |
| AVer Information (Vietnam) Co., Ltd. | (Note 1) | 19,616 | - | - | - | - | (2,757) | 777 | (Note 1) | 100 | 17,636 | 19,770 |
| Yuan Chen Investment Co., Ltd | 50 | 438 | - | - | - | - | 3 | - | 50 | 100 | 441 | 441 |
| | | 289,005 | | $ - | | $ - | $ 38,641 | $ 13,625 | | | 341,271 | $ 450,157 |
| Add: The credit balance of investments using equity method reclassified as other non-current liabilities | | 3,895 | | | | | | | | | | |
| | | $ 292,900 | | | | | | | | | $ 341,271 | |

Note 1: Only the investment amount is displayed on the company business license with no record of shares recorded.
Note 2: Including:
(1) Share of profit or loss of associates accounted for using equity method
(2) Recognition of exchange differences arising on translation of foreign operations

(9,058)
$ 38,641

AVer Information Inc.
Statement of short-term borrowings
December 31, 2025

Statement 5
Unit: In Thousands of New Taiwan Dollars

Loan Type and creditor	Amount	Contract Period	Interest Rates (%)	Loan Commitment
short-term borrowings
CTBC Bank	$ 300,000	2025.10.17-2026.01.16	1.88%	$ 400,000
E.SUN Bank	100,000	2025.10.17-2026.01.16	1.89%	400,000
Cathay United Bank	-	-		500,000
	$ 400,000			$ 1,300,000

AVer Information Inc.
Statement of accounts payables
December 31, 2025

Statement 6
Unit: In Thousands of New Taiwan Dollars

V e n d o r n a m e	A m o u n t
Vendor A	$ 34,818
Other (Note)	153,575
Total	$188,393

Note: Amount of individual vendor is less than 5% of the account balance.

AVer Information Inc.
Statement of operating revenue
Fiscal year 2025

Statement 7
Unit: In Thousands of New Taiwan Dollars

I t e m	A m o u n t
Video conferencing systems products	$ 1,628,248
Integrated educational products	230,909
Others	51,836
less : Sales returns and allowances	( 138,020)
Net revenue	$ 1,772,973

AVer Information Inc.
Statement of operating cost
Fiscal year 2025

Statement 8
Unit: In Thousands of New Taiwan
Dollars

I t e m	A m o u n t
Cost of goods sold (in-house products)
Direct raw materials
Raw materials, January 1, 2025	$ 135,315
Add: Net amount of material feed in current year	813,837
Other inward transfer	7,897
Less: Raw materials, December 31, 2025	165,367
Cost of material sold	44,715
Reclassified expenses	237
Other outward transfer	4,964
Raw materials consumed in current year	741,766
Direct labor	58,220
Production expenses	160,540
Production cost	960,526
Add: Work in progress, January 1, 2025	31,485
Less: Work in progress, December 31, 2025	61,582
Sales of work in progress	58,045
Reclassified expenses	75
Other outward transfer	18,274
Cost of finished goods	854,035
Add: Finished goods, January 1, 2025	34,393
Less: Finished goods, December 31, 2025	42,603
Reclassified expenses	2,102
Other outward transfer	9,143
Cost of goods sold (in-house products)	834,580
Add: Cost of material sold	44,715
Cost of sales of work in progress	58,045
Inventory valuation losses	( 3,286)
Cost of disposal	2,709
Other	23,449
	$ 960,212

AVer Information Inc.
Statement of production expenses
Fiscal year 2025

Statement 9
Unit: In Thousands of New Taiwan Dollars

I t e m	A m o u n t
Salary and wage expenses	$ 64,321
Depreciation	47,712
Other (Note)	48,507
	$160,540

Note: Amount of individual item is less than 5% of the account balance.

AVer Information Inc.
Statement of operating expenses
Fiscal year 2025

Statement 10
Unit: In Thousands of New Taiwan Dollars

		Marketing	General and administrative	Research and development	Total
			V	Expenses
Salary and expenses	wage	$119,921	$58,506	$329,296	$507,723
Insurance		11,876	4,825	26,113	42,814
Depreciation		6,383	7,703	26,173	40,259
Other (Note)		76,548	27,272	72,859	176,679
		$214,728	$98,306	$454,441	$767,475

Note: Amount of individual item is less than 5% of the account balance.

AVer Information Inc.
Statement of labor cost, depreciation and amortization by function for the current year
January 1 to December 31, 2025 and 2024

Statement 11

	F i s c a l	y e a r	2	0	5	F i s c a l	y e a r	2	0	4
	Operating costs	Operating expenses	T o	t a	l	Operating costs	Operating expenses	T o	t a	l
Employee benefits expense
Salary and wage expense	$ 109,845	$ 484,140	$ 593,985			$ 108,008	$ 494,759	$ 602,767
Employee insurance expense	11,001	38,001	49,002			10,810	37,159	47,969
Pension expense	4,386	21,028	25,414			4,375	20,820	25,195
Remuneration of directors	-	2,886	2,886			-	5,710	5,710
Other employee benefits expense	6,063	16,114	22,177			6,295	15,308	21,603
	$ 131,295	$ 562,169	$ 693,464			$ 129,488	$ 573,756	$ 703,244
Depreciation expense	$ 47,712	$ 40,259	$ 87,971			$ 64,647	$ 41,669	$ 106,316
Amortization expense	$ 143	$ 8,145	$ 8,288			$ 3,426	$ 8,284	$ 11,710

Note 1: As of December 31, 2025 and 2024, the Company had 537 and 543 employees, respectively, of which include 6 board of directors, not serving concurrently as employees, for the years ended 2025 and 2024.
Note 2: (1) The Company's average expenses of employee benefits were NT$1,301 thousand and NT$1,299 thousand for the years of 2025 and 2024, respectively.
(2) The Company's average expenses of employees' salaries and wages were NT$1,119 thousand and NT$1,122 thousand for the years of 2025 and 2024, respectively.
(3) The average adjustment of employees' salary and wage expenses is $(0.27\%)$ .
Note 3: The Company set up an audit committee to replace the supervisors in accordance with the Securities and Exchange Act.
Note 4: The outline of the Company's policy on salary and wage, and remuneration (including directors, managers, and employees)
(1) Director: The Company's policy, standards, combination, and the procedures of specifying the remuneration of directors are formulated in accordance with the Articles of Incorporation, Article 20. Regardless whether the Company has profits or losses, the Company must pay the remuneration to directors. The remuneration of directors is determined by the Board of Directors, authorized by the Company, based on the level of involvement in the Company's operation and value of individuals' contribution, and the standards of the industry. According to the Company's remuneration committee's organization regulations and relevant guidelines, the Board of Directors are periodically evaluated through the assessment items of directors' performance in terms of financial index, such as accomplishment rate, profitability rate, operating efficiency, contribution level, for a comprehensive measurement and as the evaluation basis. Relevant performance evaluations and the reasonableness of remuneration are reviewed by the remuneration committee and the Board of Directors; the remuneration system will be reviewed in a timely manner based on actual operating conditions and relevant laws and regulations.
(2) Manager: The Company's policy, standards, combination, and the procedures of specifying the remuneration of managers are formulated in accordance with the Company's remuneration committee's organization regulations and relevant guidelines. The Company periodically evaluates the overall remuneration of the manager, and the remuneration thereof is based on the performance evaluation. Relevant performance evaluations and the reasonableness of remuneration are reviewed by the remuneration committee and the Board of Directors; the remuneration system will be reviewed in a timely manner based on actual operating conditions and relevant laws and regulations. In addition to regularly reviewing standards of peer industries to ensure the competitiveness of remuneration, and increasing staff retention and motivation by incentives, the Company's overall operating performance and profitability are also the material basis for remuneration distribution. The remuneration distribution and operating performance are in positive correlation.
(3) Employee: The Company conducts the remuneration survey of relevant industries periodically, adjusts the salary and issues various bonuses based on changes of the external environment, company's annual operating conditions, and individuals' performance, in order to ensure that the remuneration and benefits meet the market standard and internal/external fairness. The Company has internally established "Employee work rules" and "Performance management guidelines" as a basis for coupling with the remuneration system.

AI assistant

AVer Audit Report / Information 2025

52362_rns_2026-05-21_e2af185a-55c1-42f3-b780-0d5bd51fb079.pdf

Auditors' Responsibilities for the audit of the Parent Company Only Financial Statements

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6. CASH AND CASH EQUIVALENTS

7. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

12. PROPERTY, PLANT AND EQUIPMENT

13. LEASE ARRANGEMENTS

(1) Right-of-use assets

19. REVENUE

22. EARNINGS PER SHARE

NET INCOME

23. CAPITAL RISK MANAGEMENT

24. FINANCIAL INSTRUMENTS

3. Liquidity risk

(1) Liquidity and interest rate risk tables

25. TRANSACTIONS WITH RELATED PARTIES

27. SEPARATELY DISCLOSED ITEMS

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF PAID-IN CAPITAL

AI assistant

AVer — Audit Report / Information 2025

52362_rns_2026-05-21_e2af185a-55c1-42f3-b780-0d5bd51fb079.pdf

Auditors' Responsibilities for the audit of the Parent Company Only Financial Statements

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6. CASH AND CASH EQUIVALENTS

7. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

12. PROPERTY, PLANT AND EQUIPMENT

13. LEASE ARRANGEMENTS

(1) Right-of-use assets

19. REVENUE

22. EARNINGS PER SHARE

NET INCOME

23. CAPITAL RISK MANAGEMENT

24. FINANCIAL INSTRUMENTS

3. Liquidity risk

(1) Liquidity and interest rate risk tables

25. TRANSACTIONS WITH RELATED PARTIES

27. SEPARATELY DISCLOSED ITEMS

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF PAID-IN CAPITAL

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AVer Audit Report / Information 2025