BLG - Interim / Quarterly Report 2025

Stock Code: 1805

Better Life Group Co., LTD. and the Subsidiaries

Consolidated Financial Statements and Independent Auditors’ Review Report

Q2 2025 and 2024

Address: 4F, No. 303, Xinhu 1st Road, Neihu District, Taipei City Tel.: (02)2791-5688

～ 1 ～

Item
I.
Cover
II.
Contents
III.
Independent Auditors’ Review Report
IV.
Consolidated Balance Sheet
V.
Consolidated Statements of Comprehensive Income
VI.
Consolidated Statement of Changes in Equity
VII.
Consolidated Statement of Cash Flows
VIII. Notes to Consolidated Financial Statements
(I)
Organization and Operations
(II)
The Authorization of Financial Statements
(III)
Application of New and Revised International Financial Reporting
Standards
(IV)
Summary of Significant Accounting Policies
(V)
Critical Accounting Judgments and Key Sources of Estimation and
Uncertainty
(VI)
Summary of Significant Accounting Items
(VII)
Related Party Transactions
(VIII) Assets Pledged
(IX)
Significant Contingent Liabilities and Unrecognized Commitments
(X)
Major Disaster Loss
(XI)
Material Events After the Balance Sheet Date
(XII)
Others
(XIII) Additional Disclosures
1. Information on significant transactions
2. Information on investees
3. Information on investments in mainland China
(XIV) Information on Operating Segments Page

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37～38

Item I. Cover II. Contents III. Independent Auditors’ Review Report IV. Consolidated Balance Sheet V. Consolidated Statements of Comprehensive Income VI. Consolidated Statement of Changes in Equity VII. Consolidated Statement of Cash Flows VIII. Notes to Consolidated Financial Statements (I) Organization and Operations (II) The Authorization of Financial Statements (III) Application of New and Revised International Financial Reporting Standards (IV) Summary of Significant Accounting Policies (V) Critical Accounting Judgments and Key Sources of Estimation and Uncertainty (VI) Summary of Significant Accounting Items (VII) Related Party Transactions (VIII) Assets Pledged (IX) Significant Contingent Liabilities and Unrecognized Commitments (X) Major Disaster Loss (XI) Material Events After the Balance Sheet Date (XII) Others (XIII) Additional Disclosures 1. Information on significant transactions 2. Information on investees 3. Information on investments in mainland China (XIV) Information on Operating Segments	Page
	1 2 3 4 5 6 7 8 8 8`～`9 10 10 11`～`31 31`～`33 33 34 35 35 35 35`～`36 36 37 37`～`38

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Independent Auditors’ Review Report

To Better Life Group Co., Ltd.,

Introduction

We have reviewed the accompanying consolidated balance sheets of Better Life Group Co., Ltd. (hereinafter referred to as the “Company”) and its subsidiaries (hereinafter collectively referred to as the “Group”) as of June 30, 2025 and 2024, the consolidated statement of comprehensive income for the six months ended June 30, 2025 and 2024 the statements of changes in equity and of cash flows for the six months ended June 30, 2025 and 2024 and the related notes of the consolidated financial statements, including a summary of significant accounting policies. Management is responsible for the preparation and fair presentation of the consolidated financial statement in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

Scope

We conducted our review in accordance with the International Standard on Review Engagements (ISRE) 2410 “Review of Financial Statement”. A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that caused us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Company as at June 30, 2025 and 2024, and its consolidated financial performance for the three months and six months ended June 30, 2025 and 2024, and its consolidated cash flows for the six months ended June 30, 2025 and 2024 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission.

KPMG Taiwan PAN JIUN MING

CPA:

CHEN TZUNG JE Competent Security Authority Jin-Guan-Zheng-Shen-Zi Approval Document No. : #1110333933 Jin-Guan-Zheng-Shen-Zi #1000011652

August 8, 2025

Notes to Readers

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

The independent auditor’s review report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors’ review report and consolidated financial statements, the Chinese version shall prevail.

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Better Life Group Co., LTD. and the Subsidiaries

Consolidated Balance Sheet

June 30, 2025, December 31,2024 and June 30, 2024

Unit: NTD thousand

Assets Current assets: 1100 Cash and cash equivalents (Note 6(1)) 1150 Notes receivable, net (Notes 6(4) and (17)) 1170 Accounts receivable, net (Notes 6(4) and (17)) 1320 Inventories (for construction industry) (Notes 6(5), 7, 8, and 9) 1410 Prepayments (Notes 6(6) and 7) 1424 Excess business tax paid 1476 Other financial assets - current (Note 8) 1478 Construction deposits paid (Notes 7 and 9) 1480 Incremental cost of obtaining contracts - current (Note 7) 1482 Costs to fulfill contracts, current Non-current assets: 1510 Financial assets measured at fair value through profit or loss – non-current (Notes 6(2) and (20)) 1517 Financial assets measured at fair value through other comprehensive income – non-current (Notes 6 (3) and (20)) 1600 Property, plant and equipment (Notes 6(7)) 1755 Right-of-use assets (Note 6(9)) 1760 Investment properties (Notes 6 (8) and 8) 1967 Costs to fulfill contracts, non-current 1980 Other financial assets - non-current (Note 7) Total assets	2025.6.30 Amount % $ 418,956 20 16,585 1 84 - 952,187 46 344,516 17 11,574 1 40,266 2 39,649 2 9,868 - 1,000 -	2024.12.31 Amount % 682,956 33 100,868 5 37,304 2 714,906 35 207,279 10 3,589 - 31,464 2 39,649 2 9,868 - 8,500 -	2024.6.30 Amount % 155,925 9 - - 41 - 716,527 43 112,861 7 22,980 1 88,551 5 221,643 13 41,212 3 8,500 1 1,368,240 82 51,845 3 20,836 1 9,088 1 18,869 1 183,697 12 - - 1,518 - 285,853 18 1,654,093 100
	1,834,685 89	1,836,383 89
	249 - 22,540 1 2,913 - 3,780 - 200,110 10 4,100 - 925 -	424 - 22,540 1 3,826 - 5,200 - 200,110 10 - - 1,004 -
	234,617 11	233,104 11
	$ 2,069,302 100	2,069,487 100

～ 4 ～

Better Life Group Co., LTD. and the Subsidiaries

Consolidated balance sheet (continued)

June 30, 2025, December 31,2024 and June 30, 2024

Unit: NTD thousand

2025.6.30 Amount % $ 194,380 10 - - 67,150 4 1,570 - 126,074 6 18,339 1 1,244 - 2,920 - 1,073 - - - 9,900 -	2024.12.31 Amount % 330,980 16 256,206 13 100,019 5 540 - 104,396 5 44,538 3 10,029 - 2,913 - 153 - - - 8,292 -	2024.6.30 Amount % 169,700 10 17,936 1 242,417 15 10,415 1 12,094 1 7,438 - - - 6,254 - 698 - 298,443 18 9,896 1
422,650 21	858,066 42	775,291 47
26,993 1 984 -	26,993 1 2,464 -	27,104 2 14,402 1 41,506 3 816,797 50 1,001,858 61 52,097 3 4,320 - (211,277) (13) (9,702) (1) 837,296 50 1,654,093 100
27,977 1	29,457 1
450,627 22	887,523 43
1,349,705 65 227,353 11 7,085 - 42,699 2 (8,167) -	1,049,705 51 108,353 5 4,320 - 27,652 1 (8,066) -
1,618,675 78	1,181,964 57
$ 2,069,302 100	2,069,487 100

(Please refer to the notes to the consolidated financial statements.) Chairman: Lin, Jui-Shan Manager: Lin, Jui-Shan Accounting Manager: Huang, Wen-Cheng

～ 4-1 ～

Better Life Group Co., LTD. and the Subsidiaries Consolidated Statements of Comprehensive Income

April 1 to June 30, 2025 and 2024 and January 1 to June 30, 2025 and 2024

Unit: NTD thousand

April to June 2025 Amount % $ 8,344 100 8,000 96	April to June 2025 Amount % $ 8,344 100 8,000 96	April to 2024	June % 100 101	January to 2025	June % 100 57	January to 2024	June % 100 105
Amount $ 8,344 8,000		Amount 1,796 1,811		Amount 97,014 54,723		Amount 3,389 3,559
344	4	(15)	(1)	42,291	43	(170)	(5)
466 10,095	5 121	443 10,113	25 563	1,560 22,863	2 24	1,087 21,941	32 647
10,561	126	10,556	588	24,423	26	23,028	679
(10,217)	(122)	(10,571)	(589)	17,868	17	(23,198)
2,657 903 (226) (1,455)	32 11 (3) (16)	1,977 1,269 52,858 (3,826)	110 71 2,943 (213)	4,370 2,155 (336) (4,921)	5 2 - (5)	3,113 2,604 86,995 (7,487)	92 77 2,567 (221)
1,879	24	52,278	2,911	1,268	2	85,225	2,515
(8,338) 1,324	(98) 16	41,707 -	2,322 -	19,136 1,324	19 1	62,027 -	1,831 -
(9,662)	(114)	41,707	2,322	17,812	18	62,027	1,831
- -	- -	- -	- -	- -	- -	1,118 -	33 -
-	-	-	-	-	-	1,118	33
(127) -	(2) -	29 -	2 -	(101) -	- -	117 -	3 -
(127)	(2)	29	2	(101)	-	117	3
(127)	(2)	29	2	(101)	-	1,235	36
$ (9,789)	(116)	41,736	2,324	17,711	18	63,262	1,867
$ (9,662)	(114)	41,707	2,322	17,812	18	62,027	1,831
$ (9,789)	(116)	41,736	2,324	17,711	18	63,262	1,867
$	(0.07)		0.42		0.14		0.62
$	(0.07)		0.38		0.14		0.57

(Please refer to the notes to the consolidated financial statements.)

Chairman: Lin, Jui-Shan

Manager: Lin, Jui-Shan Accounting Manager: Huang, Wen-Cheng

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Better Life Group Co., LTD. and the Subsidiaries Consolidated Statement of Changes in Equity January 1 to June 30, 2025 and 2024

Unit: NTD thousand

Equity attributable to owners of the parent

Share capital	Capital surplus	Retained	earnings
Common stock		Legal reserve	Undistribute d earnings
$ 1,001,858	52,097	4,320	(273,304)
- -	- -	- -	62,027 -
-	-	-	62,027
$ 1,001,858	52,097	4,320	(211,277)
$ 1,049,705	108,353	4,320	27,652
- -	- -	- -	17,812 -
-	-	-	17,812
- 300,000	- 119,000	2,765 -	(2,765) -
$ 1,349,705	227,353	7,085	42,699

Chairman: Lin, Jui-Shan

(Please refer to the notes to the consolidated financial statements.) Manager: Lin, Jui-Shan Accounting Manager: Huang, Wen-Cheng

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Better Life Group Co., LTD. and the Subsidiaries

Consolidated Statement of Cash Flows

January 1 to June 30, 2025 and 2024

Cash flow from operating activities: Income before tax for the current period Adjustments: Income and expenses Depreciation expense Amortization expense Net loss (gain) on financial assets (liabilities) at fair value through profit or loss Interest expense Interest income Gain on lease modifications Total income and expenses Changes in assets/liabilities related to operating activities: Net change in assets related to operating activities: Financial assets at fair value through profit or loss Notes receivable Accounts receivable Inventories Prepayments Other financial assets Construction deposits paid Costs to fulfill contracts, -current Total net change in assets related to operating activities Net change in liabilities related to operating activities: Contract liabilities Notes payable Accounts payable Other payables Non-current liabilities Other financial liabilities Total net change in liabilities related to operating activities Total net change in assets and liabilities related to operating activities Total adjustments Cash outflow from operations Interest received Interest paid Income tax paid Net cash outflow from operating activities	Unit: NTD thousand January to June 2025 January to June 2024 $ 19,136 62,027 2,222 4,616 - 21 175 (87,005) 4,921 7,487 (4,370) (3,113) - (2)	Unit: NTD thousand January to June 2025 January to June 2024 $ 19,136 62,027 2,222 4,616 - 21 175 (87,005) 4,921 7,487 (4,370) (3,113) - (2)
	2,948	(77,996)
	- 84,283 37,212 (236,654) (145,222) (8,802) - 7,500	108,503 452 (2) (107,970) (83,726) 40,634 (2,561) -
	(261,683)	(44,670)
	(32,869) 1,030 21,712 (26,023) 1,608 920	8,495 908 (7,020) (1,491) (2,354) 67
	(33,622)	(1,395)
	(295,305)	(46,065)
	(292,357)	(124,061)
	(273,221) 4,370 (3,861) (10,109)	(62,034) 3,113 (4,062) -
	(282,821)	(62,983)

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Better Life Group Co., LTD. and the Subsidiaries Consolidated statement of cash flows (continued)

For the three months ended June 30, 2025 and 2024

Unit: NTD thousands

Cash flow from investing activities: Guarantee deposits paid Acquisition of investment property Other financial assets Costs to fulfill contracts, -non-current Net cash outflow from investment activities Cash flow from financing activities: Short-term borrowings Short-term notes payable Repayment of long-term borrowings Lease principal repaid Capital increase by cash Net cash inflow from financing activities Effect of exchange rate changes on cash and cash equivalents Decrease in cash and cash equivalents in current period Balance of cash and cash equivalents at the beginning of the period Balance of cash and cash equivalents at the end of the period	January to June 2025 - - 78 (4,100)	January to June 2024 430 (6,557) (11) -
	(4,022)	(6,138)
	(136,600) (258,044) - (1,473) 419,000	79,700 17,886 (45,000) (3,244) -
	22,883	49,342
	(40) (264,000) 682,956	30 (19,749) 175,674
	$ 418,956	155,925

(Please refer to the notes to the consolidated financial statements.)

Chairman: Lin, Jui-Shan Manager: Lin, Jui-Shan Accounting Manager: Huang, Wen-Cheng

～ 7-1 ～

Better Life Group Co., LTD. and the Subsidiaries Notes to Consolidated Financial Statements

Q2 2025 and 2024

(NTD thousands unless otherwise specified)

I. Organization and Operations

Better Life Group Co., Ltd. (the “Company”) was established on June 30, 1978 after approved by the Ministry of Economic Affairs. Its registered address is 4F, No. 303, Xinhu 1st Road, Neihu District, Taipei City. In October 1989, its stock was approved for being listed on the Taiwan Stock Exchange for trading. The Company's original name was Kaiju Co., Ltd. and it was renamed Better Life Group Co., Ltd. as approved by the shareholders' meeting on June 26, 2009, referenced Letter Shou-Shang No. 09801153160 issued by the Ministry of Economic Affairs dated July 24 of the same year.

The primary business of the consolidated company is entrusting construction contractors to build public housing and commercial buildings for sales and leasing.

II. The Authorization of Financial Statements

These consolidated financial statements were approved and published by the board of directors on August 8, 2025.

III. Application of New and Revised International Financial Reporting Standards

(I) Impact of adoption of new and revised standards and interpretations endorsed by the FSC

The adoption of the following amended International Financial Reporting Standards by the consolidated company starting on January 1, 2025 does not have a material influence on the consolidated financial statements.

‧Amendment to IAS 21 “Lack of Exchangeability”

(II) Impact of not adopting Accounting the IFRSs endorsed by the FSC

The consolidated company has ascertained that the consolidated financial reports will not be significantly impacted by the subsequent revisions of International Financial Reporting Accounting Standards beginning on January 1, 2026.

‧IFRS 17, “Insurance Contracts” and Amendments to IFRS 17

‧Amendments to IFRS 9 and IFRS 7 “Amendment to the Classification and Measurement of Financial Instruments”

‧Annual improvement of IFRS accounting
‧Amendments to IFRS 9 and IFRS 7, “Contracts Referencing Nature-dependent Electricity”

～ 8 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(III) New and revised standards and interpretations not yet endorsed by the FSC

The standards and interpretations published and amended by the International Accounting Standards Board (IASB) but yet to be recognized by the Financial Supervisory Commission that may be relevant to the consolidated company are as follows:

New and revised standards IFRS 18 "Presentation and Disclosure in Financial Statements"	Major revisions The new standard introduces three types of income and expense, two income statement subtotals, and a single note on management's performance measurement. These three amendments and enhanced guidance on how information are divided into financial statements have laid the foundation for better and more consistent information provided to users, and will affect all companies. •More structured income statement: Under existing standards, companies use different formats to present their operating results, making it difficult for investors to compare the financial performance of different companies. The new standard adopts a more structured income statement, introduces a newly defined subtotal of "operating income," and stipulates that all income, expenses and losses are classified into three new different categories based on the company's main operating activities. •Management Performance Measurement (MPM): The new standard introduces the definition of MPM, and requires companies to explain in a single note why the information of each measurement indicator can be provided, its calculation method and how the indicators were adjusted with the amounts recognized in accordance with the IFRSs. • Detailed information: The new standard includes guidance on how to strengthen the grouping of information in the financial statements. This includes guidance on whether the information should be included in the main financial statements or further broken down in notes.	Effective date announced by IASB
		January 1, 2027

The consolidated company is continuing to assess the impact of the above standards and interpretations on its financial status and operating results and will disclose relevant influence once the assessment has been completed.

The consolidated company expects no material influence on the consolidated financial statements due to other newly published and amended standards yet to be recognized as below.

‧Amendments to IFRS 10 and IAS 28, “Sales or Contribution of Assets between an Investor and Its Associate or Joint Venture”

‧IFRS 19 “Subsidiaries not with Public Accountability: Disclosures”

～ 9 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

IV. Summary of Significant Accounting Policies

(I) Statement of compliance

The consolidated financial statements have been prepared in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Issuers” (hereinafter referred to as the Regulations) and IAS 34, “Interim Financial Reporting” endorsed by the FSC. The consolidated financial statements do not include all of the information required by International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations and SIC Interpretations endorsed and issued into effect by the FSC (hereinafter referred to IFRS endorsed by the FSC) for a complete set of the annual consolidated financial statements.

Except the following descriptions, the significant accounting policies adopted in the consolidated financial statements are the same as those in the consolidated financial statement for the year ended December 31, 2024. For the related information, please refer to note 4 of the consolidated financial statements for the year ended December 31, 2024.

(II) Basis of consolidation
Subsidiaries included in the consolidated financial statements

Subsidiaries included in these consolidated financial statements:

Name of the investment company Name of the subsidiary Nature of business The Company Better Life Green Energy Technology Co., Ltd. Solar energy applications The Company Better Life Real Estate Co., Ltd. Marketing agency for the sale of real estate The Company Better Life Jinxia (Xiamen) Tourism Management Service Co., Ltd. Tourism management service and real estate leasing The Company Better Life Group Travel Service Co., Ltd. Travel agency	Percentage of ownership
	2025.6.30 2024.12.31 2024.6.30
	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Name of the
investment company
Name of the subsidiary
Nature of business
The Company
Better Life Green Energy
Technology Co., Ltd.
Solar energy
applications
The Company
Better Life Real Estate
Co., Ltd.
Marketing agency for
the sale of real estate
The Company
Better Life Jinxia
(Xiamen) Tourism
Management Service Co.,
Ltd.
Tourism management
service and real estate
leasing
The Company
Better Life Group Travel
Service Co., Ltd.
Travel agency

Percentage of ownership

2025.6.30
2024.12.31
2024.6.30

100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%

Subsidiaries not included in consolidated financial statements: None
(III) Income taxes

The income tax expenses have been prepared and disclosed in accordance with paragraph B12 of International Financial Reporting Standards 34 “Interim Reporting” by the consolidated company.

Income tax expenses for the period are best estimated by multiplying pre-tax income for the interim reporting period by the effective annual tax rate as forecasted by management, and they are all recognized as current Income tax expense

Income tax expense recognized directly in equity or other comprehensive income is measured as the temporary difference between the carrying amount of the related assets and liabilities for financial reporting purposes and their tax basis by using the tax rates that are expected to apply when those taxes are realized or paid.

V. Critical Accounting Judgments and Key Sources of Estimation and Uncertainty

When preparing these consolidated financial statements according to the Regulations Governing the Preparation of Financial Reports and IAS 34, “Interim Financial Reporting”, endorsed and issued into effect by the Financial Supervisory Commission, management must make judgments, estimates and assumptions for the future (including climate-related risks and opportunities). Such judgments, estimates and assumptions have influence on the adoption of accounting policies and the reported numbers of assets, liabilities, Income and expenses. Actual results may differ from estimates.

～ 10 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

Regarding the preparation of the consolidated financial statements, significant judgments made by the management when adopting the accounting policies of the consolidated company and the main sources of estimated uncertainty are consistent with Note 5 of the consolidated financial statements of 2024.

VI. Summary of Significant Accounting Items

Except the following descriptions, there is no material discrepancy between the explanation of the significant accounting items in the consolidated financial statements and those in the consolidated financial statement for 2024. For the related information, please refer to note 6 of the consolidated financial statements for 2024.

(I) Cash and cash equivalents

Cash on hand Demand deposit Checking deposit Time deposits Cash equivalents	2025.6.30 $ 155 20,001 800 398,000 - $ 418,956	2024.12.31 155 234,786 15 348,000 100,000	2024.6.30 192 134,603 15 - 21,115
		682,956	155,925

Cash equivalents refer to bond investments that are readily convertible into cash within three months from the date of acquisition, with an insignificant risk of changes in value, and are highly liquid.
Please refer to Note 6 (20) for interest rate risks and the sensitivity analysis of the consolidated company’s financial assets and liabilities.
(II) Financial assets at fair value through profit or loss

Financial assets at fair value through profit or loss: TWSE/TPEx listed stocks	2025.6.30 $ 249	2024.12.31 424	2024.6.30 51,845

Please refer to Note 6(20) for market risk information.
None of the consolidated company’s financial assets abovementioned has been pledged as collateral.

(III) Financial assets at fair value through other comprehensive income (FVTOCI)

Equity instrument at fair value through other comprehensive income: Domestic unlisted stock - Eastern Electronics Co., Ltd. Domestic unlisted stock - Shin Kong Real Estate Management Co., Ltd. Foreign unlisted stock - World Join International Ltd. Total	2025.6.30 $ 6,011 3,256 13,273 $ 22,540	2024.12.31 6,011 3,256 13,273	2024.6.30
			3,796 3,735 13,305
		22,540	20,836

The consolidated company holds the equity instruments as a long-term strategic investment, not for trading purposes. Hence, these instruments have been designated at fair value through other comprehensive income.
Please refer to Note 6(20) for market risk information.
None of the consolidated company’s financial assets abovementioned has been pledged as collateral.

～ 11 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(IV) Notes and accounts receivable

Notes receivable - from operations Accounts receivable at amortized cost Less: Allowance for losses	2025.6.30 $ 16,585 84 - $ 16,669	2024.12.31 100,868 37,304 -	2024.6.30 - 41 -
		138,172	41

The consolidated company adopts the simplified approach for the estimates of expected credit losses for all notes receivable and accounts receivables. This approach measures lifetime expected losses. To achieve the measurement purposes, notes receivable and accounts receivable are categorized on the basis of shared credit risk characteristics in terms of customers’ ability to pay all due amounts according to contract terms and conditions. Forward-looking information is incorporated. The expected credit loss analysis on the consolidated company’s notes receivable and accounts receivable is as follows:

2025.6.30

		2025.6.30
Not past due Not past due Not past due	Carrying amounts of notes and accounts receivable $ 16,669	Weighted average expected credit loss rate	Allowance for lifetime expected credit losses -
		- 2024.12.31
			Allowance for lifetime expected credit losses -
	Carrying amounts of notes and accounts receivable $ 138,172	Weighted average expected credit loss rate
		- 2024.6.30
			Allowance for lifetime expected credit losses -
	Carrying amounts of notes and accounts receivable $ 41	Weighted average expected credit loss rate
		-

None of the consolidated company’s notes receivable and accounts receivables was pledged for collateral as of June 30, 2025 and December 31 and June 30, 2024.

(V) Inventories

Construction business: Buildings and land held for sale Construction in progress Land held for construction site Prepayment for land Inventory expected to be recovered after more than 12 months	2025.6.30 $ 173,392 181,246 597,549 - $ 952,187 $ 597,549	2024.12.31 220,115 175,444 277,499 41,848	2024.6.30 173,392 424,717 50,418 68,000
		714,906	716,527
		319,347	118,418

～ 12 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

Cost of goods sold is detailed below:

Buildings and land held for sale reclassified after sold Lease-related costs Others	April to June 2025	April to June 2024 - 1,811 -	January to June 2025	January to June 2024 - 3,559 -
	$ - - 8,000		46,723 - 8,000
	$ 8,000	1,811	54,723	3,559

Please refer to Note 6 (19) for the interest capitalization of the consolidated company.
For the consolidated company’s inventory pledged for collateral as of June 30, 2025 and December 31 and June 30, 2024, please refer to Note 8.
(VI) Prepayments

Construction business - Pre-construction development costs Others	2025.6.30	2024.12.31 203,602 3,677	2024.6.30 107,589 5,272
	$ 340,626 3,890
	$ 344,516	207,279	112,861

(VII) Property, plant and equipment

Details of the changes in property, plant and equipment of the consolidated company are as follows

Land $ 5,382 -	Leasehold improvements	Other equipment 724 -	Total 24,803 (1,191)
	18,697 (1,191) 17,506 18,232 362 18,594 15,329 715 (1,080) 14,964
$ 5,382		724	23,612
$ 5,382 -		205 -	23,819 362
$ 5,382		205	24,181
$ 5,382 - -		266 87 -	20,977 802 (1,080)
$ 5,382		353	20,699

～ 13 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

Land $ 5,382 - -	Leasehold improvements	Other equipment 145 34 -	Total 13,462 1,456 175
	7,935 1,422 175 9,532 3,368 2,542 10,297 9,062
$ 5,382		179	15,093
$ -		458	3,826
$ -		371	2,913
$ -		60	10,357
$ -		26	9,088

None of the consolidated company’s PP&E was pledged for collateral as of June 30, 2025 and December 31 and June 30, 2024.

(VIII) Investment property

Investment properties include the land the consolidated company rents out to the lessee via an operating lease. The initial period of the leased investment property is 24 years. At the end of a lease term, the Company will negotiate subsequent lease terms with a lessee.

The change in the consolidated company’s investment properties is as follows:

Book value: Balance on January 1, 2025 Balance on June 30, 2025 Balance on January 1, 2024 Addition Balance on June 30, 2024 Carrying amount: January 1, 2025 June 30, 2025 January 1, 2024 June 30, 2024	Land and improvements $ 200,110 $ 200,110 $ 177,140 6,557 $ 183,697 $ 200,110 $ 200,110 $ 177,140 $ 183,697

Level 3 inputs are used in the valuation technique of subsequent measurement of the fair value of the investment properties of the consolidated company. For the adjustment between the opening and ending carrying amounts in Level 3, please see the schedule of changes shown above. There are circumstances of transfer in or out of the Level 3 fair value hierarchy in the period.

～ 14 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

The subsequent measurement of the investment properties of the consolidated company is evaluated by the discounted cash flow analysis method under the income approach, and the relevant important contract terms and valuation information are as follows:

1. Land in Toufen City, Miaoli County

Property	Description of Important Contract Terms and Valuation Information
Important contract	1. Rent:
terms	Construction period: NT$500 thousand/year
	Operation period (1 to 10 years): 2% of the total electricity
	sales revenue
	Operation period (11 to 20 years): 6% of the total electricity
	sales revenue
	2. Lease period: 24 years
Current status	Development in progress
Discount rate	June 30, 2025: 3.845%
	December 31, 2024: 3.845%
	June 30, 2024: 3.720%
External or in-house	External appraisal
appraisal
Appraisal company	DTZ Cushman & Wakefield Real Estate Appraiser Office
Name of appraiser	Chun-Chun Hu, Chang-Da Yang
Date of appraisal	December 31, 2024 and 2023
Fair value of external	June 30, 2025: $200,110
appraisal	December 31, 2024: $200,110
	June 30, 2024: $177,140

The valuation of the fair value of the investment properties and the changes and decisions of cash inflows and cash outflows in each period in the future are based on the principles of the contract related to the signing of the lease above, and the relevant information is as follows:

(1) Actual rent and the annual growth rent of rent

During the construction period, the income is based on the rent specified in the contract. During the operation period, we apply to Taiwan Power Corporation for the installed capacity of 10MW on the appraised property, based on the average annual power generation of 1,218 kWh from power generation equipment in Miaoli County in 2024, and the average bulk purchase rate at NT$3.743/kWh for ground-mounted solar equipment announced by the Bureau of Energy of the Ministry of Economic Affairs, added 15% for the subsidies in regions north of Miaoli to calculate the total electricity sales revenue.

With respect to the increase in revenue from electricity sales, the bulk purchase rate of the appraised property adopts the ceiling rate for the establishment permit of the power generation operators based on the "2024 Renewable Energy Electricity Bulk Purchase Rate and the Calculation Formula", and the rate is for the bulk purchase for 20 years, so there is no increase in electricity price.

～ 15 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(2) Estimation of discount rate

The discount rate is determined by the risk premium method, which takes into account factors such as banks' time deposit interest rates, the government's bond interest rates, risks of real estate investments, currency changes and trends of price changes in real properties to select the investment rate of return for general financial instruments, adjusted by the differences in the investment instruments and individual characteristics of the properties. The discount rate is based on Chunghwa Post's two-year postal time deposit variable rate plus excess-3 interest rate on June 30, 2025 and December 31 and June 30, 2024, of 2.470%, 2.470%, and 2.345%, respectively, and takes into account the property's income, liquidity, risk, value appreciation and the degree of difficulty in terms of management. The risk premium was added to determine the discount rates of 3.845%, 3.845%, and 3.720%, respectively.

(3) Estimation of ending disposal value

The proceeds of real property disposal at the end of the period on June 30, 2025 and December 31 and June 30, 2024 were NT$7,224 thousand per year, NT$7,224 thousand per year, and NT$8,101 thousand per year, respectively, and the calculated ending real property disposal prices were NT$347,660 thousand, NT$347,660 thousand and NT$337,624 thousand, respectively.

(4) The abovementioned fair value valuation techniques and significant unobservable inputs are explained in the following table:

Fairvalue valuation technique The discounted cash flow analysis (DCF) using the income approach is adopted to evaluate the contractual rent provided by the consolidated company. Discounted cash flow analysis using the income approach: Refers to the method of estimating the price of the appraised property by summing up the net income of each period and ending value of future discounted cash flow after discounting at an appropriate discount rate. The method is applicable to valuation of real properties for investment purpose.	Significant unobservable input ‧Risk-adjusted discount rate on 2025.6.30: 3.845% 2024.12.31: 3.845% 2024.6.30: 3.720%	Relationship between significant unobservable input and fair value evaluation
		The estimated fair value would increase (or decrease) if: ‧ The risk-adjusted discount rate decreases (increases).

Please refer to Note 8 for the pledged on the consolidated company’s investment properties as collateral.
Ownership transfer and acquisition of certain agricultural land is only possible after the change of land use according to law. Hence, some land was registered under personal names. An authorization agreement and a trust contrast have been signed with the nominee account holder for the land registration. The land will be transferred to the consolidated company at the right time.

～ 16 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(IX) Right-of-use assets

The costs and depreciation of the consolidated company’s rented land, houses and buildings, machinery and transportation equipment are detailed as follows:

Buildings $ 13,241	Transportation equipment	Total 13,603
	362
$ 13,241	362	13,603
$ 41,526 - - 771	- 366 (366) -	41,526 366 (366) 771
$ 42,297	-	42,297
$ 8,388 1,330	15 90	8,403 1,420
$ 9,718	105	9,823
$ 19,905 3,114 - 409	- 46 (46) -	19,905 3,160 (46) 409
$ 23,428	-	23,428
$ 4,853	347	5,200
$ 3,523	257	3,780
$ 21,621	-	21,621
$ 18,869	-	18,869

(X) Short-term notes and bills payable

The consolidated company’s short-term notes and bills payable are as follows:

2024.12.31	2024.12.31	2024.6.30 18,000 (64)
$ 258,000 (1,794)
$ 256,206		17,936
$ -		-
	2.94%~3.10%	2.94%

Please refer to Note 8 for the pledged on the consolidated company’s assets as collateral for short-term notes and bills.

～ 17 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(XI) Short-term borrowings

The consolidated company’s short-term loans are as follows:

2025.6.30	2025.6.30	2024.12.31 258,200 72,780	2024.6.30 169,700 -
$ 171,600 22,780
$ 194,380		330,980	169,700
$ 363,350		50,720	223,709
	2.85%~3.15%	2.63%~3.15%	2.76%~2.81%

Please refer to Note 8 for the pledged on the consolidated company’s assets as collateral for bank loans.

(XII) Corporate bonds payable

The information on the consolidated company’s corporate bonds payable is as follows:

Amount of convertible corporate bonds Unamortized balance of discounted corporate bonds payable Cumulative amount of redemption Cumulative amount of conversion Less: Portion due within one year or one operating cycle Balance of corporate bonds payable at the end of the period	2024.12.31 $ 300,000 - (200,000) (100,000) -	2024.6.30 300,000 (1,557) - - (298,443)
	$ -	-

Equity components — conversion rights (under capital reserve — subscription rights): Please refer to Note 6 (15).

Interest expenses: Please refer to Note 6 (19).

The first secured convertible corporate bonds issued by the consolidated company in 2021 have expired and were delisted from the Taipei Exchange on September 24, 2024. As of the maturity date, a total of NT$100,000 thousand were converted. Please refer to Note 6(15) for details of the conversion. The remaining unconverted corporate bonds of NT$200,000 thousand were redeemed in accordance with the regulations and were paid on October 7, 2024.
Note 8 contains information regarding the collateralization of assets by the consolidated company in order to secure corporate bonds.
(XIII) Lease liabilities

The consolidated company’s lease liabilities are as follows:

Current Non-current	2025.6.30	2024.12.31 2,913	2024.6.30 6,254
	$ 2,920
	$ 984	2,464	14,402

Please refer to Note 6 (20) Financial Instruments for maturity analysis.

～ 18 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

The amounts recognized in profit or loss are as follows:

April to June 2025 $ 18	April to June 2024 213	January to June 2025 42	January to June 2024
			443
$ -	1,668	-	3,131
$ 20	104	70	226

Amounts recognized in the statements of cash flows are as follows:

Total cash outflow from leases	January to June 2025	January to June 2024 3,913
	$ 1,585

The consolidated company rents houses and buildings for office spaces and business premises. The leases for office spaces are between one and five years. The leases for business premises are one to five years. Meanwhile, the consolidated company’s leases for car parking spaces and transportation equipment are between one and three years.

Part of the aforesaid lease agreements are accompanied with the option of lease extensions. Such rights are only exercisable by the consolidated company, not by lessors. When it is not reasonably certain that an option to extend the lease term will be exercised, payments related to the period covered by the option are not included in the lease liabilities.

(XIV) Income tax
The consolidated company’s Income tax expenses are detailed as follows:

Current income tax expense Adjustment of income tax for prior period Additional tax on unappropriated earnings Income tax expense	April to June 2025	April to June 2024	January to June 2025	January to June 2024 - -
	$ 80 1,244	- -	80 1,244
	$ 1,324	-	1,324	-

Income tax assessments
(1) The Company’s business income taxes for the tax authority up to the year 2022.
(2) The business income tax filings from the Company’s subsidies in Taiwan were assessed by the tax authority for the following years:

Assessment year 2023 2023 2023	Company name
	Better Life Green Energy Technology Co., Ltd. Better Life Real Estate Co., Ltd. Better Life Group Travel Service Co., Ltd.

(3) The subsidiaries in China have filed income taxes to the local tax authorities for the years up to 2024.
(XV) Capital and other equity
The total amount of the Company's authorized capital as of June 30, 2025 and
December 31 and June 30, 2024 was both NT$6,750,000 thousand, divided into 675,000

～ 19 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

thousand shares in both years, with a par value of NT$10 per share. The paid-in capital amounted to NT$1,349,705 thousand, NT$1,049,705 thousand, and NT$1,001,858 thousand respectively, of which NT$140,000 thousand were privately placed common shares. All proceeds from issued shares had been collected.

1. Issue of ordinary shares

The changes in the number of outstanding shares of the Company for the six months ended June 30, 2025 and 2024 are as follows:

(in thousands) Number of outstanding shares issued as of January 1 Add: Capital increase in cash Number of outstanding shares issued as of June 30	Common stock January to June 2025 January to June 2024 104,971 100,186 30,000 - 134,971 100,186
	104,971 30,000 134,971

The Company's 2024 AGM resolved a private placement of common shares within a limit of 50,000 thousand shares. As of May 2, 2025, the one-year period has expired without execution. The unexecuted portion will no longer be carried out.

The Company's Board of Directors resolved on October 8, 2024 to issue 30,000 thousand common shares for cash capital increase and reserved 10% of the shares for employee share options. The price per share is NT$14. The total amount of paid-in capital is NT$420,000 thousand. All the shares have been fully paid in and the capital increase record date is set on February 14, 2025. The relevant statutory procedures have been completed. After deducting NT$1,000 thousand from share issuance-related expenses of share premiums, a capital surplus of NT$119,000 thousand was recorded.

New shares issued for cash capital increase are reserved for subscription by employees in accordance with Article 267 of the Company Act. According to IFRS 2, “share-based payment”, the Company measured the fair value of equity instruments given at the date of grant and recognized NT$4,103 thousand as salary expense and capital surplus at the grant date in 2024.

2. Capital surplus

The balance of the Company's capital surplus is as follows:

Common stock premium Gain on disposal of assets Stock options - issue of convertible corporate bonds Expiration of stock options Employee share options Convertible corporate bond conversion premium Others	2025.6.30 $ 153,103 110 - 14,552 - 59,429 159	2024.12.31 30,000 110 - 14,552 4,103 59,429 159	2024.6.30 30,000 110 21,828 - - - 159
	$ 227,353	108,353	52,097

Pursuant to the Company Act, the Company shall issue new shares or pay out cash in proportion to the existing shareholders' shares from the realized capital surplus after the capital surplus is used to compensate the deficit first. The realized capital surplus referred to in the preceding paragraph includes the premium from the shares issued at par and the

～ 20 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

income from gifts. Pursuant to the Regulations Governing the Offering and Issuance of Securities by Securities Issuers, the total amount of capital surplus to be used as capital shall not exceed 10% of the paid-in capital.

3. Retained earnings

Under the earnings distribution policy as set forth in the Company’s Articles of Incorporation, where the Company made a profit in a fiscal year, the profit shall be first used for paying taxes, offsetting the cumulative deficit, setting aside 10% of the remaining profit as a legal reserve unless it has reached the total amount of the Company’s paid-in capital, setting aside an amount for or reversing a special reserve in accordance with operational needs and the laws and regulations, and then any remaining profit, together with any undistributed retained earnings at the beginning of the period, shall be adopted by the Company’s Board of Directors as the basis for making a distribution proposal, which shall then be submitted to the shareholders’ meeting for a resolved before distribution.

(1) Legal reserve

When the Company suffers no losses, it may, upon a resolution by the shareholders' meeting, issue new shares or pay out cash from the legal reserve, but only to the extent that such reserve exceeds 25% of the paid-in capital.

(2) Special reserve

The Company chose the fair value model for the subsequent measurement of the investment property booked in the book. According to the regulations of the Financial Supervisory Commission, for the net increase in fair value measured by the fair value model for the first time, the same amount of special reserve was provided. However, on the conversion date, in order to make up for the deficit, the special reserve may be exempted according to the regulations. Subsequently, the Company may be exempted from the provision of this part of the special reserve. When the Company distributes the distributable earnings each year, the special reserve shall be appropriated in the following order:

①For the net increase in fair value due to the continuous adoption of the fair value model for the subsequent accounting of investment property in the current year, the net increase in the current period net profit after tax plus the item other than the undistributed earnings should be set aside as special reserves in the same amount. If it is a net increase accumulated in the fair value in the previous period, the special reserve shall be set aside in the same amount from the undistributed earnings of the previous period and shall not be distributed. When the cumulative net increase listed in investment property decreases or is disposed of, a reversal of earnings distribution may be made for the decreased portion or according to the disposal situation.
②For the difference between the net amount debited to the other shareholders' equity in the current year and the balance of the special reserve provided in the preceding paragraph, the items other than the net profit after tax of the current period plus the unappropriated earnings of the current period and the prior undistributed surplus make up the provision of the special reserve. For the deduction amount of other shareholders' equity in the previous period, special reserves shall be set aside from undistributed earnings in the previous period and shall not be distributed. If the amount debited to other shareholders' equity is reversed afterwards, the reversed amount may be distributed as earnings.

～ 21 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the

Subsidiaries (continued)

(3) Earnings distribution

The shareholders’ meeting of the Company reached resolution on June 27, 2025 and May 3, 2024, respectively, no distribution will be made from earnings on 2024 and proposal for compensation of losses on 2023.

4. Other interests (net of tax)

Balance on January 1, 2025 Exchange differences in translation of net assets of foreign operations Balance on June 30, 2025 Balance on January 1, 2024 Exchange differences in translation of net assets of foreign operations Unrealized profit or loss from financial assets measured at fair value through other comprehensive income Balance on June 30, 2024	Exchange difference on translation of financial statements of foreign operations $ 61 (101)	Unrealized valuation profit or loss from financial assets measured at fair value through other comprehensive income (8,127) -	Total (8,066) (101) (8,167) (10,937) 117 1,118 (9,702)
	$ (40)	(8,127)
	$ 12 117 -	(10,949) - 1,118
	$ 129	(9,831)

(XVI) Earnings (losses) per share

1. Basic earnings (losses) per share

The Company’s basic earning (loss) per share for the six months ended June 30, 2025 and 2024 were calculated based on the net profit (loss) attributable to the equity holders of the Company's ordinary shares and the weighted average number of outstanding ordinary shares. The relevant numbers are as follows:

(1) Net profit (loss) attributable to equity holders of the Company’s ordinary shares

April to June 2025	April to June 2024 41,707	January to June 2025 17,812	January to June 2024 62,027
$ (9,662)
			January to June 2024 100,185 -
104,971 30,000
134,971	100,185	127,471	100,185
$ (0.07)	0.42	0.14	0.62

(2) Weighted average number of outstanding ordinary shares

～ 22 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

share (NTD)

2. Diluted earnings (losses) per share

For the six months ended June 30, 2025 and 2024 the Company's diluted earnings (losses) were calculated based on the net income (loss) attributable to the Company's common stock shareholders. The calculation is based on the weighted average number of outstanding common shares after the potential dilution effects of common shares, and is calculated as follows:

(1) Net profit (loss) (diluted) attributable to equity holders of the Company’s ordinary shares

April to June 2025	April to June 2024 41,707 1,856	January to June 2025 17,812 -	January to June 2024 62,027 3,699
$ (9,662) -
	43,563	17,812	65,726

(2) Weighted average number of outstanding ordinary shares (diluted)

April to June 2025	April to June 2024	January to June 2025	January to June 2024 100,185 14,354
134,971 (Note) -	100,185 14,354	127,471 78 -
	114,539	127,549	114,539
$ (0.07)	0.38	0.14	0.57

Note: It is not included in the calculation of diluted earnings per share due to its anti-dilution effect.

(XVII) Income from contracts with customers

1. Details of revenue

The consolidated company’s income breakdown is as follows:

Revenue from customer contracts recognized Rental Income (Note) Total	April to June 2025 $ 8,000 344	April to June 2024 - 1,796	January to June 2025 96,278 736	January to June 2024 - 3,389
	$ 8,344	1,796	97,014	3,389

Note: International Financial Reporting Standards No. 16 is applicable to the consolidating

～ 23 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

company’s rental income for the six months ended June 30, 2025 and 2024. 2. Contract balance

Contract balance
Notes receivable Accounts receivable Less: Allowance for losses Contract liability-housing and land sales Contract liability-prepaid Income Total	2025.6.30 $ 16,585 84 -	2024.12.31 100,868 37,304 -	2024.6.30 - 41 -
	$ 16,669	138,172	41
	$ 67,150 -	93,019 7,000	235,417 7,000
	$ 67,150	100,019	242,417

Please refer to Note 6(4) for the information on notes receivable, accounts receivable, and impairment thereof.

The opening balances of contract liabilities for January 1, 2025 and 2024 were recognized in income in the amount of NT$ 34,839 thousand and NT$0 for the six months ended June 30, 2025 and 2024.

The change in contract liabilities is mainly due to the timing difference between the time of the consolidated company's transfer of goods or services to customers to fulfill its contractual obligations (I.e., recognizing contract liabilities as revenue) and the time of payment made by the customers.

(XVIII) Remunerations to employees and directors

The Company's Articles of Incorporation were amended on June 27, 2025, as resolved by the shareholders’ meeting. According to the amended Articles of Incorporation, if a profit is realized in a year, at least 4% of the profit shall be allocated as employee remuneration (of which at least 5% shall be distributed to grassroots employees), and no more than 4% as director remuneration. However, when the Company still has a cumulative deficit, it shall reserve an amount in advance to compensate it. The subjects for the issuance of remunerations may include employees of a holding or subordinate company satisfy certain criteria, and the board of directors is authorized to specify such criteria.

For the three months and six months ended June 30, 2025 and 2024 Company's estimated employee remuneration was NT$0, NT$0, NT$561 thousand, and NT$0; the estimated director remuneration was NT$0. The amount was based on the pre-tax net profit of the period deducted by employee remuneration and director remuneration, and then deducted by accumulated losses, and multiplied by the distribution ratio of employee remuneration and director remuneration as set forth in the Company's Articles of Incorporation, and recognized as operating expenses for the respective periods. If the actual distribution amount differs from the estimated amount in the following year, it will be treated as a change in accounting estimate and the difference will be recognized as gains and losses for the following year.

For 2024, the Company's remuneration to employees was NT$1,577 thousand, and remuneration to directors was NT$0, which is not different from the actual distribution. The Company reported accumulated losses in 2023 and hence there was no need to distribute remunerations to employees or directors. Relevant information is available at the Market Observation Post System.

(XIX) Non-operating Income and expenses

Interest income

The consolidated company’s interest income is detailed as follows:

Interest on bank deposits Guarantee deposits paid	April to June 2025	April to June 2024 671 1,288	January to June 2025	January to June 2024 671 2,421
	$ 2,425 -		3,790 -

～ 24 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

Other interest income	232 18 580 21
	$ 2,657 1,977 4,370 3,113

2. Other income

The consolidated company’s other Income are detailed below:

Management fees income Other income	April to June 2025	April to June 2024	January to June 2025	January to June 2024 2,502 102
	$ 903 -	1,251 18	2,154 1
	$ 903	1,269	2,155	2,604

3. Other gains and losses

The consolidated company’s other Income and losses are detailed as follows:

April to June 2025 Foreign currency exchange gain or loss $ (17) Gain on lease modifications - Net gains (losses) on financial assets measured at fair value through profit or loss (98) Others (111) $ (226)	April to June 2025	April to June 2024	January to June 2025	January to June 2024 (12) 2 87,005 -
		116 2 52,740 -	(8) - (175) (153)
	$ (226)	52,858	(336)	86,995

4. Financial costs

The consolidated company’s financial costs are detailed below:

April to June 2025	April to June 2025	April to June 2024	January to June 2025	January to June 2024 1,811 443 1,816 4,624 (1,207)
$ 1,436 18 1 - -		992 213 916 2,321 (616)	4,679 42 827 - (627)
$ 1,455		3,826	4,921	7,487
	-	2.63%~2.76%	2.76%	2.63%~2.76%

(XX) Financial instruments

1. Credit risk

(1) Maximum exposure to credit risk

The carrying amount of financial assets represents the maximum exposure to credit risk.

(2) Credit concentration risk

The consolidated company has a wide clientele, without trading significantly

～ 25 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

concentrated with a single customer. Hence, the credit risk of accounts receivable is not significantly concentrated.

(3) Credit risk of receivables and debt securities

Please refer to Note 6 (4) for credit risk exposure of notes receivable and accounts receivable.

Other financial assets measured at amortized cost include other receivables (other financial assets–current). All the aforesaid financial risks have low credit risks and hence the loss allowance is measured with the 12-month expected credit loss. (Please refer to Note 4 (7) of the 2024 consolidated financial statements for how the consolidated company determines low credit risks).

2. Liquidity risk

The table below shows the maturity dates of contractual financial liabilities, including estimated interest but excluding the effect of netting arrangement.

Carrying amount	Contractu al cash flows	Within 6 months	6-12 months	1-2years	2-5years	More than 5 years
$ 194,380 147,056 3,904	223,565 147,056 3,943	2,876 147,056 1,467	2,876 - 1,491	5,752 - 985	127,185 - -	84,876 - -
$ 345,340	374,564	151,399	4,367	6,737	127,185	84,876
	352,865 263,815 149,627 5,458	134,225 21,950 149,627 1,491	2,924 241,865 - 1,491	93,989 - - 2,476	10,107 - - -	111,620 - - -
$ 742,190	771,765	307,293	246,280	96,465	10,107	111,620
$ 169,700 316,379 30,645 20,656	172,176 318,484 30,645 22,045	91,538 300,264 30,645 3,290	80,638 18,220 - 3,670	- - - 7,340	- - - 7,745	- - - -
$ 537,380	543,350	425,737	102,528	7,340	7,745	-

The consolidated company does not expect the timing of cash flows to be significantly early or the amount to be significantly different from the maturity analysis.

3. Interest rate risk

Interest rate exposure of the consolidated company’s financial assets and financial liabilities is explained in this note on liquidity risk management.

The sensitivity analysis below is based on the exposure of derivative and non-derivative

～ 26 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

instruments to interest rate risk at the balance sheet date. For floating-rate liabilities, the analysis is based on an assumption that the amount of a liability outstanding at the balance sheet date is outstanding throughout the year. The consolidated company’s internal reporting to management regarding interest rates is based on 1% increase or decrease. It also represents the management’s assessment of the possible and reasonable range of changes in interest rates.

All other variables being equal, any 1% increase (decrease) in interest rates would result in an increase (decrease) by NT$737 thousand and a decrease (increase) by NT$263 thousand in the consolidating company's earnings before tax for the six months ended June 30, 2025 and 2024 respectively. This would be primarily due to the consolidation of company loans in variable interest rates.

Information on fair value
(1) Types and fair values of financial instruments

The consolidated company measures recurring fair values of the financial assets at fair value through profit or loss and at fair value through other comprehensive income. The carrying amounts and the fair values of all types of financial assets and financial liabilities are listed below: (including fair value levels) (It is not necessary to disclose fair value information if the carrying amount of a financial instrument is not measured at fair value is a reasonable approximation of fair value and if it is a lease liability.)

	2025.6.30	2025.6.30	2025.6.30	Total 249
Carrying amount $ 249		Fairvalue
	Level 1 249	Level 2 -	Level 3 -
$ 22,540	-	-	22,540	22,540
	2024.12.31			Total 424
Carrying amount $ 424		Fairvalue
	Level 1 424	Level 2 -	Level 3 -
$ 22,540	-	-	22,540	22,540
	2024.6.30			Total 51,845
Carrying amount $ 51,845		Fairvalue
	Level 1 51,845	Level 2 -	Level 3 -

～ 27 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

other comprehensive income

Domestic and foreign unlisted stocks $ 20,836

20,836 20,836

(2) Fair value valuation techniques for financial instruments not at fair value

The methods and assumptions used by the consolidated company for the instruments not measured at fair value are as follows:

(2.1) Financial assets and liabilities at amortized cost

If there is information on quoted prices from transactions or market makers, the latest transaction price and quoted price should be adopted as the basis for evaluating the fair value. If there is no information on market prices for reference, the valuation method is adopted for estimation. The estimates and assumptions used in the valuation method are the discounted value of cash flows to estimate the fair value.

(3) Fair value valuation techniques for financial instruments at fair value
(3.1) Non-derivative financial instruments

When a financial instrument is quoted in an active market, the quoted price in the active market is the fair value. Market prices of liquid securities on major exchanges and the prices published by the trading center of central government bonds are the basis for fair values of equity instruments listed on TWSE/TPEx and fixed income instruments with active markets and open quotes.

A financial instrument is deemed to be with quoted prices in the active markets if its quoted prices can be obtained from exchanges, brokers, underwriters, industry associations, pricing services institutions, or competent authorities in a timely and regular manner, and the prices represent the prices in actual fair market transactions that occur frequently. If the above criteria are not met, the market is deemed inactive. Generally speaking, a large bid-ask spread, a significant increase in the bid-ask spread, or a low trading volume are all indicators of an inactive market.

If there is an active market for financial instruments held by the consolidated company, their fair values are determined with reference to the quoted prices in the market.

Except for the above financial instruments with active markets, the fair values of other financial instruments are obtained through valuation techniques or with reference to the quoted prices by counterparties. The fair value obtained through valuation techniques may be calculated and obtained with reference to the present fair value of other financial instruments with substantively similar criteria and characteristics, discounted cash flow method, or other valuation techniques, including the use of models based on market information available at the balance sheet date.

If there is no active market for the financial instruments held by the consolidated company, the asset-based approach is used for the estimation of fair values of equity instruments without open quoted prices according to different categories and characteristics. The primary assumptions are based on the balance sheet of investees. The estimate has been adjusted for the effect of the discount

～ 28 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

on the control premium and liquidity of the equity securities.

(4) Transfer between Levels 1 and 2: None
(5) Details of changes in Level 3

January 1, 2025 June 30, 2025 January 1, 2024 Recognized in other comprehensive income June 30, 2024	At fair value through other comprehensive income Equity instruments without quoted prices $ 22,540
	$ 22,540
	$ 19,718 1,118
	$ 20,836

(6) Quantitative information on measurement of significant unobservable fair value input (Level 3)

The consolidated company’s level 3 fair value measurements are primarily for financial assets measured at fair value through other comprehensive income – equity securities investment.

Most of the fair values classified as level 3 by the consolidated company only contain single, material and unobservable inputs. Only the equity instruments without an active market depend on multiple material and unobservable inputs. Significant unobservable inputs for investments in equity instruments with no active market are independent of each other and therefore do not correlate.

Quantitative information on significant unobservable inputs is listed as follows:

Item Financial assets at FVTOCI – investments in equity instruments without active markets Financial assets at FVTOCI – investments in equity instruments without active markets	Valuation technique Comparable Listed Company Act Asset method	Significant unobservable input ‧Discount on liquidity (30.00% on 2025.6.30, 2024.12.31 and 2024.6.30) ‧Net market value multiplier (1.88%, 2.53%, and 1.77% on 2025.6.30, 2024.12.31 and 2024.6.30) ‧Discount on liquidity (30.00% on 2025.6.30, 2024.12.31 and 2024.6.30) ‧Discount on non-controlling interests (6.63% on	Significant unobservable input and relations with fair value
			‧The higher the liquidity discount, the lower the fair value ‧The higher the multiplier, the higher the fair value. ‧The higher the liquidity discount, the lower the fair value ‧The higher the non-controlling interest discount,

～ 29 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

2025.6.30, the lower the fair 2024.12.31 and value 2024.6.30)

～ 30 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(7) Analysis of sensitivity of Level 3 fair value to reasonably possible alternative assumptions

The consolidated company’s fair value measurements of financial instruments are reasonable. However, the use of different valuation models or parameters may result in different valuation outcomes. For financial instruments classified as Level 3, if the valuation parameters change, the effect on the current profit or loss or other comprehensive income is as follows:

June 30, 2025 Financial assets at fair value through other comprehensive income December 31, 2024 Financial assets at fair value through other comprehensive income June 30, 2024 Financial assets at fair value through other comprehensive income

s:
Input	Increase or decrease Change	Changes in fair value reflected in other comprehensive income Favorable change Unfavorable change 1,610 (1,610) 2,941 (2,941) 556 (556) 1,770 (1,770) 3,220 (3,220) 601 (601) 1,825 (1,825) 2,977 (2,977) 380 (380)
		Favorable change
Non-controlling interest discount Liquidity discount Book-to-market multiplier Non-controlling interest discount Liquidity discount Book-to-market multiplier Non-controlling interest discount Liquidity discount Book-to-market multiplier	±10% ±10% ±10% ±10% ±10% ±10% ±10% ±10% ±10%	1,610 2,941 556 1,770 3,220 601 1,825 2,977 380

The favorable and unfavorable movements referred to by the consolidated company indicate the volatility of fair values. Fair values are calculated with valuation techniques with different levels of unobservable inputs. If the fair value of a financial instrument is affected by more than one input, the above table only reflects the effect of changes in a single input without taking into account the correlation and variability between the inputs

(XXI) Financial risk management

There were no significant changes between the consolidated company's financial risk management objectives and policies and those disclosed in Note 6 (22) of the 2024 Consolidated Financial Statements.

(XXII) Capital management

The consolidated company's capital management objectives, policies and procedures are consistent with those disclosed in the 2024 consolidated financial statements, and there are no significant changes between the aggregated quantitative information of the capital management items and those disclosed in the 2024 consolidated financial statements. Please refer to Note 6(23) of the 2024 consolidated financial statements for relevant information.

～ 31 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(XXIII) Financing activities with non-cash transactions

The consolidating company's financing activities through non-cash transactions for the six months ended June 30, 2025 and 2024 re as follows:

Please refer to Note 6(9) for details of the right-of-use assets obtained through leases.
The reconciliation of liabilities from financing activities is as follows:

Short-term borrowings Short-term notes payable Lease liabilities Total amount of liabilities from financing activities	2025.1.1 Cash flows $ 330,980 (136,600) 256,206 (258,044) 5,377 (1,473)	Non-cash movement Number of impact from Others 2025.6.30 - - 194,380 - (Note 1) 1,838 - - - 3,904 - 1,838 198,284
	$ 592,563 (396,117)

Short-term borrowings Short-term notes payable Long -term borrowings Corporate bonds payable Lease liabilities Total amount of liabilities	2024.1.1 Cash flows $ 90,000 79,700 - 17,886 45,000 (45,000) 293,819 - 23,449 (3,244)	Non-cash movement Number of impact from Others 2024.6.30 - - 169,700 - (Note 1) 50 17,936 - - - - (Note 2) 4,624 298,443 407 (Note 3) 44 20,656 407 4,718 506,735
	$ 452,268 49,342

from financing activities

Note 1: It is the discounted amortized short-term notes payable. Note 2: Discounted and amortized convertible corporate bonds Note 3: New lease liabilities arising from the period.

VII. Related Party Transactions

(I) Name of related party and relations

The related parties who transacted with the consolidated company during the periods covered by these consolidated financial statements are as follows:

Name of related party

Puyuan Development Co., Ltd.

Puyi Construction Co., Ltd.

BAO MA ASSET DEVELOPMENT & MANAGEMENT CO., LTD. Puqun Advertising Co., Ltd.

Puyuan Construction Co., Ltd.

Puxu Advertising Co., Ltd.

Pushi Construction Co., Ltd.

Puquan Advertising Co., Ltd. Chang Chun-Kuei Pucheng Construction Co., Ltd.

Relation with the consolidated company

The chairman of the company is a director of the Company

The supervisor of the company is a director of the Company

A director at the company is a member of the key management personnel of the Company A director at the company is a member of the key management personnel of the Company A director at the company is a member of the key management personnel of the Company A director at the company is a member of the key management personnel of the Company A director at the Company

A director at the Company Substantive related party

～ 32 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(II) Significant transactions with related parties
Purchase of goods from related parties

The consolidated company’s purchases from other related parties are as follows:

Pucheng Construction Co., Ltd. Puyuan Development Co., Ltd. Belongs to other related parties	April to June 2025 $ 2,711 - -	April to June 2024 17,113 68,000 785	January to June 2025 5,172 - -	January to June 2024 36,720 68,000 1,571
	$ 2,711	85,898	5,172	106,291

The consolidated company’s purchase prices from related parties are based on price comparisons and negotiations from both parties and payments according to contract terms and conditions. Please refer to Note 9 for the engineering contracts entered into by the consolidated company and related parties as of June 30, 2025 and December 31 and June 30, 2024.

Payables to related parties

Account	Related party category	2025.6.30 $ 1,570 23,040 5,116 - 1,721	2024.12.31 540 36,824 5,116 - 2,668	2024.6.30 10,415 926 - 2,550 -
Notes payable Accounts payable Accounts payable Accounts payable Other payables	Pucheng Construction Co., Ltd. Pucheng Construction Co., Ltd. Puquan Advertising Co., Ltd. Belongs to other related parties Belongs to other related parties
		$ 31,447	45,148	13,891

3. Leases

The consolidated company rented from the related party, Puxu Advertising, in the headquarter office building in November 2021 by signing a five-year lease contract in reference to rentals for offices in the neighborhood area. The interest expenses recognized for the three months and six months ended June 30, 2025 and 2024, were NT$16 thousand, NT$29 thousand, NT$36 thousand and NT$63 thousand, respectively. As of June 30, 2025, December 31 and June 30, 2024, the balance of lease liabilities was NT$3,498 thousand, NT$4,786 thousand and NT$6,060 thousand, respectively. In addition, the guarantee deposits paid due to the above leases as of June 30, 2025 and December 31 and June 30, 2025 were all NT$463 thousand.

Others
(1) As of June 30, 2025 and December 31 and June 30, 2024, the consolidated company recognized an increase in the cost of contracts due to the payment of sales service fees under the consignment sales agreements with Puqun Advertising Co., Ltd. and Puquan Advertising Co., Ltd. The incremental cost of obtaining the contract recognized was NT$ 9,868 thousand, NT$9,868 thousand and NT$41,212 thousand, respectively.
(2) The consolidating company obtained from Pucheng Construction a guarantee check of NT$28,612 thousand as of June 30, 2025 and December 31 and June 30, 2024 for construction and engineering works.

～ 33 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(3) The consolidated company provided the related party Chang Chun-Kuei with interest subsidies of NT$19,538 thousand, NT$16,116 thousand and NT$12,636 thousand (recognized in prepayments), a guarantee deposits and guarantee notes submitted were both NT$24,500 thousand, as of June 30, 2025 and December 31 and June 30, 2024, for the joint development and separate sale of the project on the land at Guishan Hwa Ya.
(4) The consolidated company and related parties jointly invest in the construction and joint development as follows:

Project name or land lot Joint investment and construction target Meiren Section, Songshan District Puyuan Construction Co., Ltd. Zhongli Civil Sports Center Section Puyuan Development Co., Ltd. Xinzhoumei Section, Beitou District Puyuan Development Co., Ltd. Shitan Section, Neihu District Puyuan Construction Co., Ltd. Hwa Ya Section, Guishan District Puyuan Development Co., Ltd. and Pushi Construction Co., Ltd. Yucheng Section, Nangang District Puyuan Development Co., Ltd. and Puyi Construction Co., Ltd.

Project name or land lot Joint construction partner Hwa Ya Section, Guishan District Chang Chun-Kuei Zhengyi Section, Zhongshan District BAO MA ASSET DEVELOPMENT & MANAGEMENT CO., LTD.

(III) Transactions with key management personnel

Key management personnel’s remuneration includes:

Short-term employee benefits	April to June 2025	April to June 2024	January to June 2025	January to June 2024 4,523
	$ 2,726	2,173	5,454

VIII. Assets Pledged

The carrying amounts of the assets pledged by the consolidated company as collateral are detailed below:

Name of asset	Asset pledged as collateral Short-term borrowings and short-term notes payable Reserve account Trust account Corporate bonds and short-term notes payable	2025.6.30 $ 841,341 - 26,888 200,110	2024.12.31 673,058 - 29,836 200,110	2024.6.30 648,527 3,924 83,693 183,697 919,841
Inventory – construction industry Other financial assets -current Other financial assets -current Investment property
		$ 1,068,339	903,004

～ 34 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

IX. Significant Contingent Liabilities and Unrecognized Commitments

(I) Significant unrecognized commitments:
The contracts and commitments not recognized by the consolidated company are as follows:

ficant Contingent Liabilities and Unrecognized Commitments gnificant unrecognized commitments: The contracts and commitments not recognized by the consolidated follows:	ficant Contingent Liabilities and Unrecognized Commitments gnificant unrecognized commitments: The contracts and commitments not recognized by the consolidated follows:	ficant Contingent Liabilities and Unrecognized Commitments gnificant unrecognized commitments: The contracts and commitments not recognized by the consolidated follows:	company are as
2025.6.30 2024.12.31 Signed contracts Housing and land sales $ 191,335 219,174 Contracts on solar installations and change of land use and relevant development projects 56,500 53,500 Proceeds received Housing and land sales 67,150 93,019 Contracts on solar installations and change of land use and relevant development projects 16,800 13,625 The contracting by the consolidated company for engineering works projects is as follows: Payables notyetpriced asper contract 2025.6.30 2024.12.31 Non-related party $ 15,367 247 Related party 15,427 20,600 $ 30,794 20,847			2024.6.30 805,290 17,500 235,417 13,625 of development 2024.6.30 35,897 101,810
	$ 30,794	20,847	137,707

The contracting by the consolidated company for engineering works of development projects is as follows:
The joint development contracts and joint investment and construction contracts signed by the consolidated company and landowners are as follows:

Project name or land lot	Joint construction method	Joint construction method	Joint construction method	Joint construction method
		2025.6.30	2024.12.31
Xinyi Section, Xinyi District Meiren Section, Songshan District Zhongli Civil Sports Center Section Linyi Section, Linkou District Xinzhoumei Section, Beitou District Zhongshan Section, Zhongshan District Shitan Section, Neihu District Hwa Ya Section, Guishan District Zhengyi Section, Zhongshan District Yucheng Section, Nangang District	Joint investment in construction and joint construction and allocation of housing units $ 5,149 Joint investment and construction - Joint investment and construction - Jointly-constructed with portions divided 10,000 Joint investment in construction and joint construction and allocation of housing units - Joint investment in construction and joint construction and allocation of housing units - Joint investment in construction and joint construction and allocation of housing units - Joint investment in construction and joint construction and separate sale 24,500 Jointly-constructed with portions divided - Joint investment in construction and joint construction and allocation of housing units - $ 39,649		5,149 - - 10,000 - - - 24,500 - -
			39,649	221,643

On June 30, 2025, December 31, 2024, and June 30, 2024, the consolidated company's guarantee bills for business needs were NT$93,500 thousand, NT$44,500 thousand, and NT$24,500 thousand, respectively.
The consolidated company leased a parcel of land in Miaoli to a non-related party on November 25, 2021 to install a solar power system. As per the contract, the consolidated company will charge a special business commission fee of NT$36,000 thousand when the project is completed and will charge a monthly rent at the agreed rate.

～ 35 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

X. Major Disaster Loss: None.

XI. Material Events After the Balance Sheet Date: None.

XII. Others

(I) The statement of employee benefits, depreciation, depletion, and amortization expenses of the year by function is as follows:

theyear by	function is as follows:	function is as follows:	function is as follows:
By function By nature	April to June 2025			April to June 2024
	Operating costs	Operating expenses	Total	Operating costs	Operating expenses	Total
Employee benefit expenses
Salaryand wages	-	6,363	6,363	-	6,340	6,340
Labor and health insurance	-	451	451	-	425	425
Pension	-	268	268	-	292	292
Other employee benefit expenses	-	327	327	-	243	243
Depreciation expense	-	1,105	1,105	1,369	921	2,290
Amortization expense	-	-	-	-	10	10

By function By nature	January to June 2025			January to June 2024
	Operating costs	Operating expenses	Total	Operating costs	Operating expenses	Total
Employee benefit expenses
Salaryand wages	-	14,957	14,957	-	14,110	14,110
Labor and health insurance	-	990	990	-	894	894
Pension	-	552	552	-	566	566
Other employee benefit expenses	-	539	539	-	483	483
Depreciation expense	-	2,222	2,222	2,726	1,890	4,616
Amortization expense	-	-	-	-	21	21

(II) Seasonality of operation.

The consolidated company's operations are affected by the periodic factors of the timing of the completion and handover of construction projects.

XIII. Additional Disclosures

(I) Information on significant transactions

The material transactions to be disclosed by the consolidated company from January 1 to June 30, 2025 according to the Regulations Governing the Preparation of Financial Reports by Securities Issuers are as follows:

Loans to others: None.
Endorsements/Guarantees provided to others: None.

～ 36 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the

Subsidiaries (continued)

Major securities held at the end of the period (excluding investment in subsidiaries, associates, and joint ventures):

				Unit: NTDthousand	Unit: NTDthousand	Unit: NTDthousand	Unit: NTDthousand	Unit: NTDthousand
Company held	Type and name of securities	Relationship with securities issuer	Account	End of period				Remarks
				Number of shares	Carrying amount	Shareholding	Fair value
The Company The Company The Company The Company The Company The Company	Stock - Eastern Electronics Co., Ltd. Stock - Nexcell Battery Co., Ltd. Stock - YAMAY INTERNATIONAL DEVELOPMENT CORP. Stock - World Join International Ltd. Stock -Shin Kong Real Estate Management Co., Ltd. Stock - Falcon Machine Tools Co., Ltd.	- - - - - -	Financial assets at fair value through other comprehensive income - non-current `〃` `〃` `〃` `〃` Financial assets at fair value through profit or loss -non-current	390,921 200,000 15 547,103 550,000 12,720	6,011 - - 13,273 3,256 249	0.58 % 0.20 % - % 7.50 % 1.67 % 0.01 %	6,011 - - 13,273 3,256 249

Total purchases from or sales to related parties amounting to at least NT$100 million or 20% of the paid-in capital: None.
Receivables from related parties amounting to at least NT$100 million or 20% of the paid-in capital: None.
Business dealings and major transactions between the parent company and subsidiaries:

No.	Name of the counterparty	Counterparty	Relationship to the counterparty	Transactions in Q2 2025	Transactions in Q2 2025	Transactions in Q2 2025	Transactions in Q2 2025
				Item	Amount	Transaction terms and conditions	As % of total revenues or total assets
0 1	The Company Better Life Green Energy Technology Co., Ltd.	Better Life Green Energy Technology Co., Ltd. The Company	1 2	Accounts payable Other receivables	4,940 4,940	Comparable to the industry level Comparable to the industry level	0.24% 0.24%

Note 1: indication by numbers

The parent company is coded “0”.
The subsidiaries are coded sequentially beginning from “1” by each individual company.

Note 2: indication of the relations with counterparties

Parent to subsidiary.
Subsidiary to parent.
Between subsidiaries.

Note 3: offset for the preparation of consolidated financial statements

(II) Information on investees:

The consolidated company’s investees (excluding the investees in China) for the six months ended June 30, 2025are as follows:

Unit: NTD thousand

Name of the investment company	Name of investee	Region	Principal business	Initial investment amount	Initial investment amount	Holdings at the end of period	Holdings at the end of period	Holdings at the end of period	Profit or loss on investee for the current period	Profit or loss recognized for the current period	Remarks
				End of the current period	Last year	Number of shares	Percentage	Carrying amount
The Company The Company The Company	Better Life Green Energy Technology Co., Ltd. Better Life Real Estate Co., Ltd. Better Life Group Travel Service Co., Ltd.	Taiwan Taiwan Taiwan	Solar energy applications Marketing agency for the sale of real estate Travel agency	91,000 80,000 9,000	91,000 80,000 9,000	9,100,000 8,000,000 -	100.00% 100.00% 100.00%	8,278 14,216 1,693	(412) (112) (6)	(412) (112) (6)	Subsidiaries Subsidiaries Subsidiaries

Note: offset for the preparation of consolidated financial statements

～ 37 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(III) Information on investments in mainland China
The name of the investee in mainland China, principal business, and other relevant information:

Unit: NT$ Thousand / Foreign Currency Thousand

Name of the investee in mainland China	Principal business	Paid-in capital	Investm ent method	Cumulative investment remitted from Taiwan at the beginning of period	Cumulative amount of investment remitted or recovered in currentperiod	Cumulative amount of investment remitted or recovered in currentperiod	Cumulative outward remittance from Taiwan at the end of current period	Profit or loss on investee for the current period	Shareholding ratio	Investment gains and losses recognized in the current period	Book value of investment at the end of period	Cumulative repatriatio n of investment income at the end of current period
					Outward remitted	Repatria ted
Better Life Jinxia (Xiamen) Tourism Management Service Co., Ltd.	Tourism management service and real estate leasing	35,746 (USD1,220)	(Note 1)	35,746 (Note 2) (USD1,220)	-	-	35,746 (Note 2) (USD1,220)	(151) (RMB(35))	100.00%	(151) (Note 3) (RMB(35))	994 (RMB243)	-

Note 1: The investment method used is direct investment in Mainland China.
Note 2: It is translated with the investment amount in subsidiary in the original currency multiplied by the exchange rate at the end of the period.
Note 3: The basis for recognition of investment income and losses is the financial statements reviewed by CPAs appointed by the parent company in Taiwan.
Note 4: offset for the preparation of consolidated financial statements
Maximum investment amount in mainland China:

Company name	Cumulative outward remittance for investment in mainland China at the end of current period	Investment amount authorized by Investment Commission, MOEA	Maximum investment amount stipulated by Investment Commission, MOEA
The Company	35,746 (USD1,220)	268,828 (USD9,175)	971,205 (Note 5)

Note 5: Calculation of limit: Net equity of the current period x 60% = NT$1,618,675 thousand x 60% = NT$971,205 thousand.
Significant transactions with investees in mainland China: None.

XIV. Information on Operating Segments

The information and adjustment of the consolidated company’s operating segments are as follows:

Income Income from external customers Inter-department Income Total income Earnings before tax of reporting segments		Aprilto June 2025 Real Estate Agency Department Other departments Adjustment and elimination Total - 8,000 - 8,344 - 180 (208) -
	Construction Department
	$ 344 28
	$ 372	- 8,180 (208) 8,344
	$ (8,338)	- (374) 374 (8,338)

Earnings before tax of reporting segments	$ (8,338)	- (374)	- (374)	374 (8,338)
Income Income from external customers Inter-department Income Total income Earnings before tax of reporting segments		April toJune 2024		Adjustment and elimination Total - 1,796 (208) -
	Construction Department	Real Estate Agency Department - -	Other departments
	$ 129 28		1,667 180
	$ 157	-	1,847	(208) 1,796
	$ 41,707	(13)	(885)	898 41,707

～ 38 ～

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

	January toJune 2025	January toJune 2025	January toJune 2025	Total 97,014 -
Construction Department $ 89,014 57	Real Estate Agency Department - -	Other departments	Adjustment and elimination - (417)
		8,000 360
$ 89,071	-	8,360	(417)	97,014
$ 19,136	(112)	(569)	681	19,136

	January toJune 2024	January toJune 2024	January toJune 2024	Total 3,389 -
Construction Department $ 258 57	Real Estate Agency Department - -	Other departments	Adjustment and elimination - (417)
		3,131 360
$ 315	-	3,491	(417)	3,389
$ 62,027	(126)	(1,916)	2,042	62,027

～ 39 ～

AI assistant

BLG — Interim / Quarterly Report 2025

51925_rns_2025-12-01_ce023a2f-e54e-442a-b17a-67d9785ff109.pdf

Better Life Group Co., LTD. and the Subsidiaries

Contents

Independent Auditors’ Review Report

Introduction

Scope

Conclusion

Notes to Readers

Better Life Group Co., LTD. and the Subsidiaries

Consolidated Balance Sheet

June 30, 2025, December 31,2024 and June 30, 2024

Unit: NTD thousand

Better Life Group Co., LTD. and the Subsidiaries

Consolidated balance sheet (continued)

June 30, 2025, December 31,2024 and June 30, 2024

Unit: NTD thousand

Better Life Group Co., LTD. and the Subsidiaries Consolidated Statements of Comprehensive Income

April 1 to June 30, 2025 and 2024 and January 1 to June 30, 2025 and 2024

Unit: NTD thousand

Better Life Group Co., LTD. and the Subsidiaries Consolidated Statement of Changes in Equity January 1 to June 30, 2025 and 2024

Unit: NTD thousand

Better Life Group Co., LTD. and the Subsidiaries

Consolidated Statement of Cash Flows

January 1 to June 30, 2025 and 2024

Better Life Group Co., LTD. and the Subsidiaries Consolidated statement of cash flows (continued)

For the three months ended June 30, 2025 and 2024

Unit: NTD thousands

Better Life Group Co., LTD. and the Subsidiaries Notes to Consolidated Financial Statements

Q2 2025 and 2024

(NTD thousands unless otherwise specified)

I. Organization and Operations

II. The Authorization of Financial Statements

III. Application of New and Revised International Financial Reporting Standards

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

IV. Summary of Significant Accounting Policies

V. Critical Accounting Judgments and Key Sources of Estimation and Uncertainty

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

VI. Summary of Significant Accounting Items

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(VII) Property, plant and equipment

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

1. Land in Toufen City, Miaoli County

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(2) Estimation of discount rate

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(IX) Right-of-use assets

(X) Short-term notes and bills payable

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(XI) Short-term borrowings

(XII) Corporate bonds payable

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

1. Issue of ordinary shares

2. Capital surplus

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

3. Retained earnings

(2) Special reserve

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the

Subsidiaries (continued)

(3) Earnings distribution

4. Other interests (net of tax)

(XVI) Earnings (losses) per share

1. Basic earnings (losses) per share

(1) Net profit (loss) attributable to equity holders of the Company’s ordinary shares

(2) Weighted average number of outstanding ordinary shares

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

2. Diluted earnings (losses) per share

(XVII) Income from contracts with customers

1. Details of revenue

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

(XVIII) Remunerations to employees and directors

(XIX) Non-operating Income and expenses

Notes to the consolidated financial statements of Better Life Group Co., LTD. and the Subsidiaries (continued)

2. Other income

3. Other gains and losses

4. Financial costs

BLG Interim / Quarterly Report 2025