CHAINTECH — Annual Report 2024

Nov 13, 2024

Chaintech Technology Corp. and Subsidiaries Consolidated Financial Statements and Independent Auditors' Report

For the Years Ended December 31, 2024 and 2023 (Stock Code: 2425)

Company Address: 3F., No. 48-3, Minsheng Road, Xindian District, New Taipei City

Tel: (02) 2913-8833

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Chaintech Technology Corp. and Subsidiaries

Consolidated Financial Statements for the Years Ended December 31, 2024 and 2023

and Independent Auditors' Report

Table of Contents

Table of Contents
Item	Page
I. Cover Page II. Table of Contents III. Declaration of Consolidated Financial Statements of Affiliated Enterprises IV. Independent Auditors' Report V. Consolidated Balance Sheets VI. Consolidated Statements of Comprehensive Income VII. Consolidated Statements of Changes in Equity VIII. Consolidated Statements of Cash Flows IX. Notes to the Consolidated Financial Statements (I) Company History (II) Date of Authorization for Issuance of the Parent Company Only Financial Statements and Procedures for Authorization (III) Application of New and Amended Standards and Interpretations (IV) Summary of Significant Accounting Policies (V) Primary Sources of Uncertainties in Material Accounting Judgments, Estimates, and Assumptions (VI) Details of Significant Accounts (VII) Related Party Transactions (VIII) Pledged assets (IX) Significant Contingent Liabilities and Unrecognized Contract Commitments (X) Significant Disaster Loss (XI) Significant Events after the Balance Sheet Date (XII) Others (XIII) Supplementary Disclosures 1. Information on Significant Transactions	1 2 ~ 3 4 5 ~ 9 10~ 11 12 13 14 15 ~ 71 15 15 15 ~ 17 17 ~ 34 34 35~ 55 55~ 57 58 58 58 58 58 ~ 69 69 ~ .71 69

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Item	Page
2. Information on Invested Companies 3. Information on Investments in Mainland China 4. Information on Major Shareholders (XIV) Segment Information	70 70 70 70 ~ 71

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Chaintech Technology Corp. and Subsidiaries

Declaration of Consolidated Financial Statements of Affiliates

The companies required to be included in the consolidated financial statements of affiliated enterprises under the Criteria Governing Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises" are all the same as enterprises required to be included in the consolidated financial statements of Chaintech Technology Corporation and subsidiaries for the year ended December 31, 2024 as provided in the IFRS 10 Consolidated Financial Statements. In addition, relevant information that should be disclosed in the consolidated financial statements of affiliated enterprises has all been disclosed in the consolidated financial statements of Chaintech Technology Corporation and subsidiaries. Consequently, no consolidated financial statements of affiliated enterprises are prepared separately.

Sincerely,

Company Name: Chaintech Technology Corporation

Person in Charge: Kao Shu-Jung

March 14, 2025

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Independent Auditors' Report

(114) Cai-Shen-Bao-Zi No. 24004760

To Chaintech Technology Corporation:

Opinions

The independent auditors have audited the accompanying consolidated balance sheets of Chaintech Technology Corporation and subsidiaries (hereinafter referred to as "the Group") as of December 31, 2024 and 2023, and the related consolidated statements of comprehensive income, consolidated statements of changes in equity, and consolidated statements of cash flows for the years then ended, and the notes to the consolidated financial statements (including the summary of significant accounting policies).

In our opinions, the accompanying consolidated financial statements, in all material respects, give a true and fair view of the consolidated financial position of the Group as of December 31, 2024 and 2023, and of its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the "Regulations Governing the Preparation of Financial Reports by Securities Issuers" and the International Financial Reporting Standards (IFRSs), International Accounting Standards (IASs), International Financial Reporting Interpretations Committee (IFRIC) Interpretations, and Standing Interpretations Committee (SIC) Interpretations as endorsed by the Financial Supervisory Commission of the Republic of China (the "FSC").

Basis for Opinions

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

As stated in Note VI(XI) of the financial statements, Chaintech resolved during a board meeting on May 24, 2024, to sell its equity in Sitonholy (Tianjin) Technology Co., Ltd. and its subsidiaries. The associated assets and liabilities of the company will be reclassified as assets held for sale. The relevant accounting treatment will be conducted in accordance with the provisions of IFRS No. 5, "Non-current Assets Held for Sale and Discontinued Operations." We did not modify the audit opinion as a result of this.

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Key Audit Matters

Key audit matters refer to matters that, in our professional judgment, are of most significance in our audit of the consolidated financial statement of the Group for the year ended December 31, 2024. These matters were addressed in the context of our audit of the Consolidated Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Key audit matters for the consolidated financial statement of the Group for the year ended December 31, 2024 are stated as follows:

Existence of Sales Revenue

Description

Regarding the accounting policy for recognition of sales revenues, please refer to Notes IV (XXIX) to the consolidated financial statements. For the description of sales revenue, please refer to Note VI (XVIII) to the consolidated financial statements.

The Group primarily engages in the trading and manufacturing of computer motherboards, graphics cards, computer peripheral products, and artificial intelligence servers. Given the susceptibility of these products to customer demand, the Group must prioritize market expansion and the acquisition of new orders. Consequently, the customer base for sales may fluctuate from year to year. Consequently, we have thus listed the existence of sales revenue as the most important matter for this year's audit.

Corresponding audit procedures

We have performed the following key audit procedures for the matter mentioned above:

1. Conducted interviews with management to gain an understanding of the revenue recognition policy and to determine whether it has been consistently applied during the comparative periods of the financial statements.

2. Understand the internal control systems associated with sales transactions and perform sampling tests to assess the effectiveness of their design and implementation.

3. Obtain and sample the relevant vouchers for this year's sales revenue transactions to confirm that customers have gained control of the goods and assumed the associated risks before recognizing the revenue.

Assessment of disposal group held for sale impairment

Description

For the accounting policies related to the impairment assessment of the held-for-sale disposal group, please refer to Note IV(XV). For information regarding the held-for-sale disposal group, please see Note VI(XI).

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In 2019, the Company had a 51% equity interest in Sitonholy (Tianjin) Technology Co., Ltd. through Shenzhen Jinghong Digital R&D Service Co., Ltd. Goodwill and customer relationships were recognized in investments accounted for using the equity method. This has a significant impact on the parent company only financial statements of the Company.

On May 24, 2024, the Board of Directors resolved to sell the equity of Sitonholy (Tianjin) Technology Co., Ltd. and its subsidiaries. Consequently, the assets and liabilities associated with this company and its subsidiaries have been reclassified as held for sale within the group. As a result, the auditor considers the impairment assessment of the group held for sale to be one of the most significant matters in this year's audit.

Corresponding audit procedures

We have performed the following key audit procedures for the matter mentioned above:

We have carried out the following audit procedures based on the group held for sale report issued by a third-party valuation expert appointed by management:

1. Assess the expertise, competence, and objectivity of the independent valuation experts appointed by management and verify their qualifications, and discuss with management the scope of work of the valuation experts and review the appointment conditions to verify that no conditions that may affect their objectivity or inhibit their work scope exist, and that the methods used by them are consistent with the IFRSs and industry regulations.

2. Understand and evaluate the process and the basis where management has made its projections of the growth rate of the future operations in terms of sales and profit margin.

3. Adopt the evaluation models and important assumptions (including discount rate, etc.) provided by financial experts of our firm, compare the data in assumptions made by management to market and historical data, and check the calculation to ensure the appropriateness of management's judgment.

Other Matters – Parent Company Only Financial Statements

We have also audited the parent company only financial statements of Chaintech Technology Corporation for the years ended December 31, 2024 and 2023, for which we have issued the audit report with an unqualified opinion for reference.

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

To ensure that the Consolidated Financial Statements do not contain material misstatements caused by fraud or errors, the management is responsible for preparing prudent Consolidated Financial Statements in accordance with the Regulations Governing the Preparation of Financial Reports by

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Securities Issuers, as well as the IFRS, IAS, law and regulation reviews and their announcements recognized and announced by the Financial Supervisory Commission, and for preparing and maintaining necessary internal control procedures pertaining to the Consolidated Financial Statements.

In preparing the consolidated financial statements, the responsibility of management includes assessing the Group's ability to continue as a going concern, disclosing going concern related matters, as well as adopting going concern basis of accounting unless management intends to liquidate the Group or terminate the business, or has no realistic alternative but to do so.

Those charged with governance, including Audit Committee, are responsible for overseeing the Group's financial reporting process.

Auditors' Responsibilities for the Audit of the Consolidated Financial Statements

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

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

• Identify and evaluate the risk of material misstatements due to fraud or error in the Consolidated Financial Statements; design and carry out appropriate countermeasures for the evaluated risk; and obtain sufficient and appropriate evidence as the basis for their audit opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control.

• Assess the appropriateness of the accounting policies adopted by the management, as well as the reasonableness of their accounting estimates and relevant disclosures.

Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, determine whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our

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auditors' report to the related disclosures in the Consolidated Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or circumstances may cause the Group to no longer continue as a going concern.

Evaluate the overall expression, structure, and contents of the consolidated financial statements (including related notes) and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

Obtain sufficient and appropriate audit evidence with regard to the financial information of the entities

within the Group to express an opinion about the consolidated financial statements. We are responsible for the direction, supervision, and performance of the audit. We remain solely responsible for our audit opinion.

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

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

From the matters communicated with those charged with governance, we determine those matters that are of most significance in the audit of the consolidated financial statements for the year ended December 31, 2024 and are therefore the key audit matters. We describe these matters in our auditors' report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

PwC Taiwan

Yang, Hui-Tzu

CPA

Lin, Ya-Hui

Financial Supervisory Commission

Approved Certification Number: Jin-Guan-Zheng-Shen-Zi No. 1130350413 Jin-Guan-Zheng-Shen-Zi No. 1070323061

March 14, 2025

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Chaintech Technology Corp. and Subsidiaries Consolidated Balance Sheets December 31, 2023 and 2024

Unit: NT$ thousands

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December 31, 2024 December 31, 2023
Assets Notes Amount % Amount %
Current Assets
1100 Cash and cash equivalents VI(I) $ 1,171,204 28 $ 1,089,206 30
1110 Financial assets at fair value through VI(II)
profit or loss - current - - 34,616 1
1136 Financial assets at amortized cost - VI(I) and VIII
current - - 36,540 1
1150 Notes receivable, net VI (IV) - - 865 -
1170 Accounts receivable, net VI (IV) 211,076 5 369,210 10
1180 Accounts receivable from related VI(IV) and VII
parties, net 546,787 13 613,845 17
1200 Other receivables 1,377 - 2,696 -
1220 Current income tax assets - - 6,231 -
130X Inventories VI(V) 56,627 2 706,082 19
1410 Prepayments VI(VI) and VII 3,241 - 266,486 7
1460 Net non-current assets held for sale VI(XI) 1,993,943 48 - -
11XX Total current assets 3,984,255 96 3,125,777 85
Non-current assets
1517 Financial assets at fair value through VI(III)
other comprehensive income - non-
current 54,029 1 227,325 6
1550 Investments Accounted for Using the VI(VII)
- - - -
Equity Method
1600 Property, plant, and equipment VI(VIII) 37,376 1 18,423 1
1755 Right-of-use assets VI(IX) 11,945 - 33,008 1
1780 Intangible assets VI(X) 3,728 - 177,239 5
1840 Deferred income tax assets VI(XXIV) 30,399 1 34,841 1
1900 Other noncurrent assets 34,398 1 44,518 1
15XX Total non-current assets 171,875 4 535,354 15
1XXX Total assets $ 4,156,130 100 $ 3,661,131 100
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Chaintech Technology Corp. and Subsidiaries Consolidated Balance Sheets December 31, 2023 and 2024

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Unit: NT$ thousands
December 31, 2024 December 31, 2023
Liabilities and Equity Notes Amount % Amount %
Current Liabilities
2100 Short-term loans VI(XIII) and VIII $ - - $ 196,735 5
2130 Current contract liabilities VI(XVIII) 100 - 137,588 4
2150 Notes payable 14 - 198,287 5
2170 Accounts payable 120,997 3 372,795 10
2180 Accounts payable - related parties VII 83,222 2 - -
2200 Other payables VI(XIV) and VII 54,427 2 128,530 4
2230 Current income tax liabilities 4,429 - 36,904 1
2260 Liabilities directly related to non- VI(XI)
current assets held for sale 966,472 23 - -
2280 Lease liabilities - current 6,904 - 17,766 1
2300 Other current liabilities 954 - 379 -
21XX Total current liabilities 1,237,519 30 1,088,984 30
Non-current liabilities
2570 Deferred income tax liabilities VI(XXIV) 62,857 1 34,920 1
2580 Lease liabilities - non-current 5,513 - 16,028 -
2600 Other non-current liabilities - - 382 -
25XX Total non-current liabilities 68,370 1 51,330 1
2XXX Total liabilities 1,305,889 31 1,140,314 31
Equity
Equity attributable to owners of the
parent
Capital stock VI(XVI)
3110 Capital stock - common shares 964,988 23 964,988 27
Capital surplus
3200 Capital surplus 100 - 100 -
Retained earnings VI(XVII)
3310 Legal reserve 207,761 5 191,571 5
3320 Special reserve 6,716 - 79,273 2
3350 Unappropriated earnings 1,268,157 31 949,236 26
Other equity
3400 Other equity 5,180 - ( 6,716) -
31XX Total equity attributable to
owners of the parent 2,452,902 59 2,178,452 60
36XX Non-controlling Interests 397,339 10 342,365 9
3XXX Total equity 2,850,241 69 2,520,817 69
Significant Contingent Liabilities and IX
Unrecognized Contract Commitments
3X2X Total liabilities and equity $ 4,156,130 100 $ 3,661,131 100
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The accompanying notes are an integral part of the consolidated financial statements. Please refer to them as well.

Chairman: Kao, Shu-Jung

Manager: Kao, Shu-Jung

Accounting Supervisor: Lai, Yu-Nu

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Chaintech Technology Corp. and Subsidiaries Consolidated Statements of Comprehensive Income For the Years Ended December 31, 2024 and 2023

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Unit: NT$ thousands
(EPS in NT$)
2024 2023
Item Notes Amount % Amount %
4000 Operating revenue VI(XVIII) and VII $ 3,043,980 100 $ 3,355,003 100
5000 Operating costs VI(V)(XXII)
(XXIII) and VII ( 2,821,272 ) ( 93 ) ( 3,081,690 ) ( 92 )
5950 Gross profit from operations 222,708 7 273,313 8
Operating expenses VI(XXII)
(XXIII) and VII
6100 Selling and marketing expenses ( 34,964 ) ( 1 ) ( 30,086 ) ( 1 )
6200 General and administrative expenses ( 30,712 ) ( 1 ) ( 31,595 ) ( 1 )
6300 Research and development expenses ( 162,602 ) ( 5 ) ( 86,456 ) ( 2 )
6450 Gain on expected credit losses XII(II) 17 - 6,655 -
6000 Total operating expenses ( 228,261 ) ( 7 ) ( 141,482 ) ( 4 )
6900 Operating income (loss) ( 5,553 ) - 131,831 4
Non-operating income and expenses
7100 Interest income 23,808 1 13,442 -
7010 Other income VI(XIX) 12,048 - 19,043 1
7020 Other gains and losses VI(XX) 78,029 2 ( 3,322 ) -
7050 Finance costs VI(XXI) ( 7,007 ) - ( 6,258 ) -
7060 Share of profit or loss of associates and joint VI(VII)
ventures accounted for using equity method - - - -
7000 Total non-operating income and expenses 106,878 3 22,905 1
7900 Net income before tax 101,325 3 154,736 5
7950 Tax expense VI(XXIV) ( 44,382 ) ( 1 ) ( 67,048 ) ( 2 )
8000 Profit from continuing operations 56,943 2 87,688 3
8100 Gain on discontinued operations 87,345 3 145,517 4
8200 Profit $ 144,288 5 $ 233,205 7
Other comprehensive income, net
Components that will not be reclassified to
profit or loss
8316 Unrealized gains (losses) on investments in VI(III)
equity instruments at fair value through other
comprehensive income $ 199,882 6 $ 84,942 3
8349 Income tax related to components that will not VI(XXIV)
be reclassified to profit or loss ( 7,231 ) - - -
8310 Total amount of items that will not be
reclassified to profit or loss 192,651 6 84,942 3
Components that may be reclassified to
profit or loss
8361 Exchange differences on translation of VI(XXIV)
financial statements of foreign operations 11,062 - ( 18,717 ) ( 1 )
8365 Equity directly related to non-current assets VI(XI)
(or disposal groups) held for sale 24,847 1 - -
8360 Total amount of items that may be reclassified
subsequently to profit or loss 35,909 1 ( 18,717 ) ( 1 )
8300 Other comprehensive income, net $ 228,560 7 $ 66,225 2
8500 Total comprehensive income (loss) $ 372,848 12 $ 299,430 9
Net income attributable to:
8610 Owners of the parent $ 101,489 3 $ 161,901 5
8620 Non-controlling Interests 42,799 2 71,304 2
$ 144,288 5 $ 233,205 7
Total comprehensive income attributable to:
8710 Owners of the parent $ 317,874 10 $ 234,458 7
8720 Non-controlling Interests 54,974 2 64,972 2
$ 372,848 12 $ 299,430 9
Earnings per Share VI(XXV)
9710 Profit from continuing operations $ 0.59 $ 0.91
9720 Net gain on discontinued operations 0.46 0.77
9750 Basic earnings per share $ 1.05 $ 1.68
9810 Profit from continuing operations $ 0.59 $ 0.91
9820 Net gain on discontinued operations 0.46 0.77
9850 Diluted earnings per share $ 1.05 $ 1.68
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The accompanying notes are an integral part of the consolidated financial statements. Please refer to them as well. Chairman: Kao, Shu-Jung Manager: Kao, Shu-Jung Accounting Supervisor: Lai, Yu-Nu

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Chaintech Technology Corp. and Subsidiaries Consolidated Statements of Changes in Equity For the Years Ended December 31, 2024 and 2023

Unit: NT$ thousands

112 Balance as of January 1, 2023 Profit Other Comprehensive Income Total comprehensive income (loss) Appropriation and distribution of earnings for 2022 Legal reserve Special reserve appropriated Cash dividends Cash dividends paid of consolidated subsidiaries Balance as of December 31, 2023 2024 Balance as of January 1, 2024 Profit Other Comprehensive Income Total comprehensive income (loss) Appropriation and distribution of earnings for 2023 Legal reserve Special reserve reversed Cash dividends Disposal of investments in equity instruments at fair value through other comprehensive income Transfer of discontinued operations Balance as of December 31, 2024	Notes VI(XVII) VI(XVII) VI(III) VI(XI)				Equityatt	ributableto owners	of the parent			Total $ 2,021,193 161,901 72,557 234,458 - - ( 77,199 ) -	Non-controlling Interests $ 285,858 71,304 ( 6,332 ) 64,972 - - - ( 8,465 )	Total Equity $ 2,307,051 233,205 66,225 299,430 - - ( 77,199 ) ( 8,465 ) $ 2,520,817 $ 2,520,817 144,288 228,560 372,848 - - ( 43,424 ) - - $ 2,850,241
		Capital stock - common shares $ 964,988 - - - - - - -	Capital surplus - changes in the net worth of associates and joint ventures accounted for using equity method $ 100 - - - - - - -		Retained earnings	Unappropriated earnings $ 946,595 161,901 - 161,901 ( 32,037 ) ( 50,024 ) ( 77,199 ) -		Otherequity	Equity directly related to non- current assets held for sale $ - - - - - - - -
				Legal reserve $ 159,534 - - - 32,037 - - -	Special reserve $ 29,249 - - - - 50,024 - -		Exchange differences on translation of financial statements of foreign operations ( $ 36,672 ) - ( 12,385 ) ( 12,385 ) - - - -	Unrealized gains (losses) on financial assets at fair value through other comprehensive income ($ 42,601 ) - 84,942 84,942 - - - -
		$ 964,988 $ 964,988 - - - - - - - - $ 964,988	$ 100 $ 100 - - - - - - - - $ 100	$ 191,571 $ 191,571 - - - 16,190 - - - - $ 207,761	$ 79,273 $ 79,273 - - - - ( 72,557 ) - - - $ 6,716	$ 949,236 $ 949,236 101,489 - 101,489 ( 16,190 ) 72,557 ( 43,424 ) 204,489 - $ 1,268,157	( $ 49,057 ) ( $ 49,057 ) - 11,062 11,062 - - - - ( 8,090 ) ( $ 46,085 )	$ 42,341 $ 42,341 - 192,651 192,651 - - - ( 204,489 ) - $ 30,503	$ - $ - - 12,672 12,672 - - - - 8,090 $ 20,762	$ 2,178,452 $ 2,178,452 101,489 216,385 317,874 - - ( 43,424 ) - - $ 2,452,902	$ 342,365 $ 342,365 42,799 12,175 54,974 - - - - - $ 397,339

The accompanying notes are an integral part of the consolidated financial statements. Please refer to them as well.

Chairman: Kao, Shu-Jung

Manager: Kao, Shu-Jung

Accounting Supervisor: Lai, Yu-Nu

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Chaintech Technology Corp. and Subsidiaries Consolidated Statements of Cash Flows

For the Years Ended December 31, 2024 and 2023

Cash flows from operating activities Profit from continuing operations before tax Net gain on discontinued operations before tax Profit before tax Adjustments Adjustments: Depreciation expenses Depreciation expenses of right-of-use assets Amortization expenses Expected credit loss Net gain on financial assets at fair value through profit or loss Interest expenses Interest income Dividend income Loss on disposal of property, plant, and equipment Changes in operating assets and liabilities Net changes in operating assets Financial assets at fair value through profit or loss Notes receivable Accounts receivable Other receivables Inventories Prepayments Other current assets Other noncurrent assets Net changes in operating liabilities Contract liabilities Notes payable Accounts payable (including related parties) Other payables Other current liabilities Cash flows generated from operations Interest received Dividends received Interest paid Income tax paid Net cash flows generated from operating activities Cash flows from investing activities Proceeds from disposal of property, plant, and equipment Acquisition of property, plant, and equipment Increase (decrease) in current financial assets measured at amortized cost Acquisition of intangible assets Sale of financial assets at fair value through other comprehensive income Net cash flows generated from (used in) investing activities Cash flows from financing activities Increase in short-term loans Increase (decrease) in guarantee deposits received Repayments of lease liabilities Cash dividends paid Cash dividends paid of consolidated subsidiaries Net cash flows used in financing activities Effect of exchange rate changes Net increase in cash and cash equivalents Cash and cash equivalents balance at beginning of period Cash and cash equivalents balance at end of period Composition of cash and cash equivalents: Cash and cash equivalents reported in the statement of financial position Cash and cash equivalents classified as non-current assets (or disposal groups) held for sale Cash and cash equivalents balance at end of period

Unit: NT$ thousands Notes From January 1, 2024 to December 31,2024 From January 1, 2023 to December 31,2023 $ 101,325 $ 154,736 VI(XI) 87,388 148,782 188,713 303,518 VI(VIII)(XXII) 9,181 5,592 VI(IX)(XXII) 19,831 21,361 VI(X)(XXII) 4,047 6,502 XII(II) 23,337 ( 8,186 ) VI(II)(XX) ( 2,476 ) ( 1,996 ) VI(XXI) 12,915 11,330 ( 28,186 ) ( 18,510 ) VI(XIX) ( 242 ) ( 7,015 ) VI(XX) 2 19 15,673 78,751 ( 5,821 ) 10,748 ( 24,220 ) ( 8,426 ) ( 1,227 ) 836 56,331 ( 310,056 ) 84,976 ( 137,437 ) - 2,932 ( 8,262 ) 2,358 ( 41,882 ) 68,970 83,610 84,675 103,111 46,478 ( 15,860 ) 8,897 575 156 474,126 161,497 28,186 18,510 242 7,015 ( 13,007 ) ( 11,251 ) ( 45,521 ) ( 78,548 ) 444,026 97,223 80 - VI(VIII) ( 55,661 ) ( 3,988 ) 20,305 ( 5,301 ) VI(X) ( 10,967 ) ( 5,693 ) 373,178 - 326,935 ( 14,982 ) VI(XXVI) 17,850 53,944 VI(XXVI) 667 ( 225 ) VI(XXVI) ( 20,026 ) ( 21,516 ) VI(XVII) ( 43,424 ) ( 77,199 ) - ( 8,465 ) ( 44,933 ) ( 53,461 ) 9,303 ( 836 ) 735,331 27,944 1,089,206 1,061,262 $ 1,824,537 $ 1,089,206 $ 1,171,204 $ 1,089,206 VI(XI) 653,333 - $ 1,824,537 $ 1,089,206

The accompanying notes are an integral part of the consolidated financial statements. Please refer to them as well.

Chairman: Kao, Shu-Jung

Manager: Kao, Shu-Jung

Accounting Supervisor: Lai, Yu-Nu

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Chaintech Technology Corp. and Subsidiaries Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023

Unit: NT$ thousands (Unless specified otherwise)

I. Company History

• (I) The original East Chaintech Technology Co., Ltd. was established in November 1986 and was renamed as Chaintech Technology Corporation (hereinafter referred to as the "Company") in January 2013. Approved by the Securities and Futures Bureau as an OTC-listed company in December 1997, the Company was transferred to be a listed company and was listed at the stock exchange market on August 17, 2000. The Company and its subsidiaries (hereinafter referred to as the "Group") are principally engaged in the business of buying and selling and manufacturing of motherboards, display cards, and computer peripherals.

• (II) Colorful Group Ltd. (hereinafter referred to as "the Colorful Group") acquired 10% equity in the Company indirectly through Zhongjie Xingye Co., Ltd., and acquired 100% equity in Yicheng International Development Co., Ltd. (which held 36.2% equity of the Company) in June 2014. Therefore, Colorful Group held 46.2% equity in the Company indirectly, and obtained more than half of the seats in the Company's Board of Directors. In June 2017, Zhongjie Xingye Co., Ltd. sold all the equity of the Company it held. In July 2016, Yicheng International Development Co., Ltd. sold the equity of the Company to 26.11%. As of December 31, 2024, the Colorful Group indirectly held 25.40% of the equity in the Company through Yicheng International Development Co., Ltd. As of December 31, 2024, the Group had 255 employees.

II. Date of Authorization for Issuance of the Parent Company Only Financial Statements and Procedures for Authorization

The consolidated financial statements were approved by the Board of Directors on March 11, 2025.

III. Application of New and Amended Standards and Interpretations

• (I) Effect of adopting new and amended International Financial Reporting Standards ("IFRSs") endorsed and issued by the Financial Supervisory Commission, R.O.C ("FSC")

The following table summarizes the new, revised, and amended standards and interpretations of IFRSs endorsed and issued by the FSC that are applicable in 2024:

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		Effective date
		issued by the
		International
		Accounting
	New/Revised/Amended Standards and Interpretations	Standards Board
	Amendments to IFRS 16 "Lease Liability in a Sale and Leaseback"January 1, 2024
	Amendments to IAS 1 "Classify Liabilities as Current or Non-	January 1, 2024
	current"
	Amendments to IAS 1 "Non-current Liabilities with Covenants"	January 1, 2024
	Amendments to IAS 7 and IFRS 7 "Supplier Finance	January 1, 2024
	Arrangements"
	The above standards and interpretations have no significant impact to the Group's
	financial condition and financial performance based on the Group's assessment.
(II)	Effect of new issuance of or amendments to the IFRSs and IASs endorsed by the FSC
	but not yet adopted by the Company

The following table summarizes the new, revised, and amended standards and interpretations of IFRSs endorsed by the FSC that are applicable in 2025:

New/Revised/Amended Standards and Interpretations Effective date issued by the International Accounting Standards Board Amendments to IAS 21 "Lack of Exchangeability" January 1, 2025 The above standards and interpretations have no significant impact to the Group's financial condition and financial performance based on the Group's assessment. (III) Effect of the IFRSs and IASs issued by the IASB but not yet endorsed by the FSC	New/Revised/Amended Standards and Interpretations	Effective date issued by the International Accounting Standards Board

New standards, interpretations and amendments issued by the IASB but not yet included in the IFRSs and IASs as endorsed by the FSC are as follows:

	Effective date issued by
	the International
	Accounting Standards
New/Revised/Amended Standards and Interpretations	Board
Amendments to IFRS 9 and IFRS 7 "Amendments to the Classification	January 1, 2026
and Measurement of Financial Instruments"
Amendments to IFRS 9 and IFRS 7 "Contracts Referencing Nature-	January 1, 2026
dependent Electricity"
Amendments to IFRS 10 and IAS 28 "Sale or Contribution of Assets	Pending decision by the
between an Investor and its Associate or Joint Venture"	International Accounting
	Standards Board
IFRS 17 "Insurance Contracts"	January 1, 2023
Amendments to IFRS 17 "Insurance Contracts"	January 1, 2023

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Amendments to IFRS 17 "Initial Application of IFRS 17 and IFRS 9 - January 1, 2023 Comparative Information"

IFRS 18 "Presentation and Disclosure in Financial Statements" January 1, 2027 IFRS 19 "Subsidiaries without Public Accountability: Disclosures" January 1, 2027 Annual Improvements to IFRS Accounting Standards - Volume 11 January 1, 2026

Excluding the following, the above standards and interpretations have no significant impact to the Group's financial condition and financial performance based on the Group's assessment:

1. Amendments to IFRS 9 and IFRS 7 "Amendments to the Classification and Measurement of Financial Instruments"

2. Updates through irrevocable election designate equity instruments measured at fair value through other comprehensive income (FVOCI) to disclose their fair value by category, eliminating the requirement to disclose fair value information for each individual asset. Additionally, the fair value gains and losses recognized in other comprehensive income during the reporting period should be disclosed. This disclosure must separately present the fair value gains and losses related to investments that were derecognized during the reporting period, as well as those related to investments still held at the end of the reporting period. Furthermore, the accumulated gains and losses transferred to equity from investments derecognized during the reporting period should also be reported.

3. IFRS 18 "Presentation and Disclosure in Financial Statements"

4. IFRS 18 "Presentation and Disclosure in Financial Statements" supersedes IAS 1 and revises the structure of the comprehensive income statement. Additionally, it introduces new disclosures for measuring management performance and enhances the principles of aggregation and disaggregation as applied to the primary financial statements and accompanying notes.

IV. Summary of Significant Accounting Policies

The significant accounting policies applied in the preparation of the consolidated financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

(I) Compliance declaration

The consolidated financial statements are prepared by the Group in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the IFRS, IAS, IFRIC, and SIC Interpretations as endorsed and issued by the FSC (the "IFRSs").

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(II)

Preparation basis

1. Except for the following significant items, these consolidated financial statements have been prepared under the historical cost convention:

2. (1) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.

3. (2) Financial assets measured at fair value through other comprehensive income.

4. The preparation of financial statements requires the use of certain critical accounting estimates. It also requires the management to exercise its judgment in the process of applying the Group's accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

(III) Basis of consolidation

1. Principles for preparation of consolidated financial statements

2. (1) All subsidiaries are included in the Group's consolidated financial statements. Subsidiaries refer to all entities (including structured entities) controlled by the Group. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Consolidation of subsidiaries begins from the date the Group obtains control of the subsidiaries and ceases when the Group loses control of the subsidiaries.

3. (2) Inter-company transactions, balances and unrealized gains or losses on transactions between companies within the Group have been eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Group.

4. (3) Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests. Total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

5. (4) Changes in a parent's ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary (transactions with non-controlling interests) are accounted for as equity transactions, i.e. transactions with owners in their capacity as owners. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the

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consideration paid or received is recognized directly in equity.

• (5) When the Group loses control of a subsidiary, the Group remeasures any investment retained in the former subsidiary at its fair value. That fair value is regarded as the fair value on initial recognition of a financial asset or the cost on initial recognition of the associate or joint venture. Any difference between fair value and carrying amount is recognized in profit or loss. For all amounts previously recognized in other comprehensive income, they shall be reclassified from equity to profit or loss.

• Subsidiaries included in the consolidated financial statements:

Name of Investor	Name of subsidiary	Nature of Business	Shareholdingratio	Shareholdingratio	Description
			December 31, 2024	December 31, 2023
				100% 51% 100% 100% 100%	- Note 1 Note 1 Note 1 Note 1

Note1: On May 24, 2024, the Board of Directors of the Group resolved to dispose of 51% of the equity in Sitonholy (Tianjin) Technology and its subsidiaries. The assets and liabilities associated with the subsidiary have been reclassified as held for sale and are presented as a discontinued operation in accordance with the definition of a discontinued operation. Please refer to Note VI(XI).

1. Subsidiaries not included in the consolidated financial statements: None.

2. Adjustments for subsidiaries with different balance sheet dates: None.

3. Significant restrictions: None.

4. Subsidiaries with significant non-controlling interests to the Group:

As of December 31, 2024 and 2023, the Group’s non-controlling interests totaled NT$397,339 and NT$342,365, respectively. What stated below is the information

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in respect of the Group’s significant non-controlling interests and the corresponding subsidiaries:

Non-controlling Interests

Name of subsidiary	Primary place of business	December 31, 2024	December 31, 2024	December 31, 2023	December 31, 2023	Description
		Amount	Shareholding percentage	Amount	Shareholding percentage

Summarized financial information of the subsidiary:

Balance sheet

Balance sheet
Current Assets Non-current assets Current Liabilities Non-current liabilities Total net assets	Sitonholy (Tianjin) Technology Co., Ltd. and its subsidiaries December 31, 2024 December 31, 2023 $ 1,742,755 $ 1,419,325 88,167 51,409 ( 955,934) ( 714,887) ( 10,538) ( 5,394) $ 864,450 $ 750,453
		December 31, 2023 $ 1,419,325 51,409 ( 714,887) ( 5,394) $ 750,453

Statement of comprehensive income

	Sitonholy (Tianjin) Technology Co., Ltd. and its	Sitonholy (Tianjin) Technology Co., Ltd. and its	Sitonholy (Tianjin) Technology Co., Ltd. and its	Sitonholy (Tianjin) Technology Co., Ltd. and its
		subsidiaries
	2024			2023
Revenue	$ 2,892,710		$	3,468,396
Net income before tax		87,388		148,782
Tax expense	(	43)	(	3,265)
Profit		87,345		145,517
Other comprehensive income (net		24,847	(	12,921)
amount after tax)
Total comprehensive income (loss)	$	112,192	$	132,596
Total comprehensive income (loss)
attributable to non-controlling
interests	$	54,974	$	64,972
Dividends paid to non-controlling	$	-	$	8,465
interests

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Statement of cash flows

Sitonholy (Tianjin) Technology Co., Ltd. and its subsidiaries

2024 Net cash flows generated from operating activities $ 204,498 Net cash flows used in investing activities ( 36,952) Net cash flows generated from (used in) financing activities 63,140 Effects of exchange rate changes on the balance of cash held in foreign currencies 14,802 Net increase in cash and cash equivalents 245,488 Cash and cash equivalents balance at beginning of period 407,845 Cash and cash equivalents balance at end of period $ 653,333	2023 $ 70,106 ( 15,129) ( 8,558) ( 9,376) 37,043
	370,802
	$ 407,845

(IV) Foreign currency translation

Items included in the financial statements of each of the Group's entities are measured using the currency of the primary economic environment in which the entity operates (i.e., functional currency). The consolidated financial statements are presented in New Taiwan Dollars, which is the Company's functional currency.

1. Foreign currency transactions and balances

2. (1) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognized in profit or loss in the period in which they arise.

3. (2) Foreign currency monetary assets and liabilities are translated at the exchange rate prevailing at the balance sheet date. Exchange differences arising upon the re-transaction at the balance sheet date are recognized in profit or loss.

4. (3) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in profit or loss. Non-monetary assets and liabilities denominated

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in foreign currencies held at fair value through other comprehensive income are retranslated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in other comprehensive income. However, non-monetary assets and liabilities denominated in foreign currencies that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions.

• (4) All exchange gains and losses are presented in the earnings statement of profit or loss within "other gains and losses."

• Translation of foreign operations

The results and financial position of all the group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows:

• (1) Assets and liabilities for each balance sheet presented are re-translated at the closing rate prevailing at the balance sheet date;

• (2) Income and expenses for each composite income sheet are re-translated at the average exchange rates for the period; and

• (3) All resulting exchange differences are recognized in other comprehensive income.

• (4) When a foreign operation is partially disposed of or sold, the cumulative exchange differences that were recognized in other comprehensive income are reclassified to the non-controlling interests in the foreign operation. However, if the Group still retains partial interests in the former foreign associate after losing significant influence over the former foreign associate, such transactions should be accounted for as disposal of all interest in these foreign operations.

• (5) Goodwill and fair value adjustments arising from the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing exchange rates at balance sheet date.

(V) Standard of assets and liabilities being classified as current and non-current

1. Assets that meet one of the following criteria are classified as current assets:

2. (1) Assets arising from operating activities that are expected to be realized or are intended to be sold or consumed within the normal operating cycle.

3. (2) Liabilities held mainly for trading purposes.

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• (3) Assets that are expected to be realized within twelve months from the balance sheet date.

• (4) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to pay off liabilities more than twelve months after the balance sheet date.

Assets that do not meet the aforementioned conditions are classified as noncurrent.

1. Liabilities that meet one of the following conditions are classified as current liabilities:

2. (1) Liabilities that are expected to be paid off within the normal operating cycle.

3. (2) Liabilities held mainly for trading purposes.

4. (3) Liabilities that are to be paid off within twelve months from the balance sheet date.

5. (4) Liabilities for which the repayment date cannot be extended to more than twelve months after the reporting period.

Liabilities that do not meet the aforementioned conditions are classified as noncurrent.

(VI) Cash equivalents

Cash equivalents are short-term investments with high liquidity, which can be easily converted into a fixed amount of cash at any time with minimal risk of value fluctuation. Time deposits that meet the aforementioned definition and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.

(VII) Financial assets at fair value through profit or loss

1. Financial assets at fair value through profit or loss refer to financial assets not measured at amortized cost nor measured at fair value through other comprehensive income.

2. Financial assets at fair value through profit or loss that follow regular way purchase or sale are recognized by the Group using trade date accounting.

3. At initial recognition, the Group measures the financial assets at fair value and recognizes the transaction costs in profit or loss. The Group subsequently measures the financial assets at fair value, and recognizes the gain or loss in profit or loss.

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1. Dividend income is recognized in profit or loss when the right to receive payment is established, and it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of dividends can be measured reliably.

2. (VIII) Financial assets at fair value through other comprehensive income

3. Changes in fair value of investments in equity instruments that are not held for trading purpose at initial recognition presented in other comprehensive income; or, financial assets meeting the criteria listed below are classified as debt instrument:

   • (1) The financial asset is held for the purpose of obtaining the contractual cash flows and the sales of the contract.

   • (2) Cash flow generated from the said contractual terms of the financial asset at specific date are solely payments of principal and interest on the principal amount outstanding.

4. The Group adopts trade date accounting for financial assets measured at fair value through other comprehensive income.

5. At initial recognition, the Group measures the financial assets at fair value plus transaction costs; the Group subsequently measures the financial assets at fair value. The changes in fair value of equity investments that were recognized in other comprehensive income are reclassified to retained earnings and are not reclassified to profit or loss following derecognition of the investment. Dividend income is recognized in profit or loss when the right to receive payment is established, and it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of dividends can be measured reliably.

(IX) Financial assets at amortized cost

1. Refers to an asset that meets all of the following conditions:

2. (1) The financial asset is held for the purpose of obtaining the contractual cash flows.

3. (2) Cash flow generated from the said contractual terms of the financial asset at specific date are solely payments of principal and interest on the principal amount outstanding.

4. The Group adopts trade date accounting for financial assets that follow regular way purchase or sale measured at amortized cost.

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1. The Group measures financial assets at fair value plus transaction cost at initial recognition, and subsequently recognizes interest income and impairment loss during the circulation period using the effective interest method according to the amortization procedure, and recognizes any gains or losses upon derecognition in profit or loss.

(X) Accounts and notes receivable

1. Accounts receivables and notes receivables are accounts and notes of which the contractual right to consideration for goods sold or services rendered is unconditional.

2. Short-term accounts and notes receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.

3. (XI) Impairment of financial assets

4. Considering all reasonable and provable information (including forward-looking information), the Group measured the credit risk that increased insignificantly since original recognition vie the 12-month expected credit loss amount through financial debt instrument at fair value through other comprehensive income, financial asset at amortized cost and accounts receivable significant financial components. For those credit risk increased significantly since original recognition, the allowance loss is measured by the expected amount of credit loss during the existence period; for accounts receivable that do not contain significant financial components, the allowance loss is measured by the amount of expected credit losses during the duration of the period.

(XII) Derecognition of financial assets

Financial assets are derecognized when the Group's contractual rights to receive cash flows from financial assets are lapsed.

(XIII) Operating leases - lessor

Lease income from operating leases less any incentives given to lessees is recognized in profit or loss on a straight-line basis over the term of the lease.

• (XIV) Inventories

Inventories are measured at the lower of cost and net realizable value, and cost is determined using the weighted average method. The cost of finished goods and work in process comprises raw materials, direct labor, other direct costs and related production burden (allocated based on normal operating capacity). It excludes

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borrowing costs. Goods on hand are stated at the lower of comparative cost and net realizable value. The item by item approach is used in applying the lower of comparative cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and the estimated cost necessary to make the sale.

(XV) Disposal group held for sale

When the book value of a disposal group is primarily recovered through sales transactions rather than continued use, and there is a high likelihood of sale, it is classified as an asset held for sale. This asset is measured at the lower of its book value or its fair value less costs to sell.

(XVI) Investments accounted for using equity method - associates

1. Associates are all entities over which the Group has significant influence but has no control. Investments in associates are accounted for using the equity method and are initially recognized at cost.

2. The Group's share of its associates' post-acquisition profits or losses is recognized in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income. When the Group’s share of losses in an associate equals or exceeds its interest in the associate (including any other unsecured receivables), the Group does not recognize further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.

3. When an associate’s equity changes are not recognized in profit or loss or other comprehensive income of the associate, and such changes do not affect the Group’s ownership percentage of the associate, the Group recognizes the change in ownership interests in the associate in "capital surplus" in proportion to its ownership.

4. Unrealized gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associates. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. The accounting policies of related enterprises have been adjusted as necessary, and are consistent with the policies adopted by the Group.

5. When the Group disposes its investment in an associate and loses significant influence over this associate, the amounts previously recognized in other comprehensive income in relation to the associate, are reclassified to profit or loss, on the same basis as would be required if the relevant assets or liabilities were

~26~

disposed of. If it retains significant influence over this associate, the amounts previously recognized in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately in accordance with the aforementioned approach.

(XVII) Property, plant, and equipment

1. Property, plant and equipment are recorded as the foundation of acquisition cost.

2. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replacement is derecognized. All other repairs and maintenance are recognized as current gain or loss when incurred.

3. Property, plant and equipment apply the cost model. Except for land, other property, plant and equipment are depreciated using the straight-line method to allocate their cost over their estimated useful lives. If each component of property, plant and equipment is material, it is depreciated separately.

4. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. If expectations for the assets' residual values and useful lives differ from previous estimates or the patterns of consumption of the assets' future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8 "Accounting Policies, Changes in Accounting Estimates and Errors" from the date of the change. The estimated useful lives of property, plant and equipment are as follows:

Machinery 3~5 years Transportation equipment 5 years Derivative instruments 3~10 years Testing equipment 3 years Other equipment 2~10 years

(XVIII) Lease transaction in the capacity of a lessee - right-of-use assets/lease liabilities

1. A right-of-use asset and a lease liability are recognized for a leased asset on the date when it becomes readily available for the Group's use. 2.

2. On the commencement date, the Group measures lease liabilities by the present value of outstanding lease payments, using the Group's incremental borrowing rate. Lease payments include fixed payments less any lease incentives receivable. In subsequent periods, the Group measures lease liabilities at amortized cost using

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the effective interest method and recognizes interest expenses during the lease term. When a change in the lease term or lease payments occurs due to reasons other than lease modifications, lease liabilities are reassessed and the remeasurements are adjusted to the right-of-use assets.

1. Right-of-use assets are recognized at cost on the commencement date. Costs include the originally measured amount of lease liabilities. In subsequent periods, the Company measures right-of-use assets at cost and recognizes depreciation expenses at the earlier of the end of useful life of right-of-use assets or the end of the lease term. When a lease liability is reassessed, the right-of-use asset is adjusted for any remeasurements of the lease liability.

2. When a lease modification decreases the scope of a lease, the carrying value of the right-of-use asset is decreased to reflect partial of full termination of the lease liability, and any difference resulting therefrom is immediately recognized in profit or loss.

(XIX) Intangible assets

1. Acquired in a business combination, customer relationship is recognized at fair value on the acquisition date. Customer relationship is an asset of limited and durable years as amortized over an estimated useful life of 2.7 years on a straightline basis.

2. Goodwill arises from the difference between the purchase price set in the equity purchase contract and the net identifiable assets.

3. The computer software is amortized using the straight-line method over an estimated useful life of 2~3 years to recognize its cost.

(XX) Impairment of non-financial assets

1. The Group assesses on each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognized for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs of disposal and its value in use. Except for goodwill, When circumstances contributed to the recognition of impairment loss of an asset in the previous period do not exist or are decreased, the recognized impairment loss is reversed to the carrying amount of an asset to the extent that it does not exceed the carrying amount (net of depreciation and amortization) if the impairment loss had not been recognized.

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1. The recoverable amount of goodwill shall be evaluated periodically. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. Impairment loss should not be reversed in the future.

2. For the purpose of impairment testing, goodwill acquired in a business merger is allocated to each of the cash-generating units. This allocation is based on the judgment of the operating units and the goodwill is allocated among cashgenerating units or groups that are expected to benefit from goodwill generated in corporate mergers.

(XXI) Borrowings

Borrowings refer to short-term loans from banks. The initial recognition of loans measured at fair value less transaction cost. Any subsequent difference between the price and the redemption value after deducting the transaction cost shall be recognized as interest expense in gain and loss by applying amortization procedure of effective interest method during the circulation period.

(XXII) Accounts and notes payable

1. Accounts payable refers to the debts incurred by purchase of materials, goods, or services on credit, and the notes payable incurred by both operating and nonoperating activities.

2. Short-term accounts payable and notes payable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.

(XXIII) Derecognition of financial liabilities

A financial liability is derecognized when the obligation under the liability specified in the contract is discharged or cancelled or expires.

(XXIV) Offset of financial assets and liabilities

Financial assets and liabilities are offset and reported in the net amount in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously.

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(XXV) Employee benefits

1. Short-term employee benefits

Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognized as expenses in that period when the employees render service.

1. Pensions

For the defined contribution plan, the contributions are recognized as pension expenses when they are due on an accrual foundation.

1. Employees' compensation and directors' remuneration

Employees' compensation and directors' remuneration are recognized as expenses and liabilities, provided that such recognition is required under legal or constructive obligation and those amounts can be reliably estimated. Any difference between the resolved amounts and the subsequently actual distributed amounts is accounted for as changes in estimates.

(XXVI) Income Tax

1. Income tax expense comprises current and deferred income tax. Income tax is recognized in gain or loss, except to the extent that it relates to items recognized in other comprehensive income or items recognized directly in equity, in which cases the tax is recognized in other comprehensive income or equity.

2. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the country domicile where the Group operates and generates taxable income. The management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and establishes provisions where appropriate, on the basis of amounts expected to be paid to the tax authorities are recorded in tax liability. Undistributed earnings are subject to income tax credit. After the distribution of earnings is approved by the shareholders' meeting in the following year, the Company shall recognize the distribution of earnings and expenses, and recognize the earnings and expenses for the actual earnings.

3. Deferred income tax adopts the balance sheet approach, and is recognized on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. Deferred income tax is

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not recognized, if the temporary difference arises from initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable income (loss) and arises no equal taxable and deductible temporary differences. Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Group, and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled.

1. Deferred income tax assets are recognized only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilized. At each balance sheet date, unrecognized and recognized deferred income tax assets are reassessed.

2. Current income tax assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax assets against current tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realize the asset and settle the liability simultaneously.

(XXVII) Capital stock

Ordinary shares are classified as equity. The incremental cost directly attributable to the issue of new shares or options is deducted from the equity in equity after deducting the income tax.

(XXVIII) Dividend distribution

Dividends are recognized in the Company's financial statements in the period in which they are approved by the Company's shareholders. Cash dividends are recorded as liabilities. Stock dividends are recognized as stock dividends to be distributed and transferred to ordinary shares on the base date of issuance of new shares.

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(XXIX) Revenue recognition

1. Sales of goods

2. (1) The Group manufactures and sells products related to motherboards, display cards, and computer peripherals. The sales revenue is recognized when the control of the products is transferred to customers. That is, when the product is delivered to the customer, the customer has discretion in the access and price of the product, and the Group has no outstanding performance obligations that may affect the customer's acceptance of the product. When the product is shipped to a designated location, the risk of obsolete and lost risks has been transferred to the customer, and the customer is required to obtain the products in accordance with the sales contract, or when there is objective evidence that all acceptance criteria have been met, the goods are delivered.

3. (2) Sales revenue is recognized the net amount of contract price minus estimated sales allowance. The amount of revenue recognition is limited to the extent that it is very unlikely to see a significant reversal in the future, and is updated on the balance sheet date. The terms of sales transactions are mainly due to the expiry of 30 to 90 days after the transfer date. It is consistent with the market practice. Therefore, it is judged that the contact does not contain significant financial component.

4. (3) Accounts receivable are recognized when the control right of commodities is transferred to the customs; that is because the Group has unconditional rights to the contract price since that point in time, and the Group can collect the consideration from the customer once upon the contractual time is expired.

5. Labor revenue

The Group provides services related to research and development. Labor revenue is recognized as revenue at a certain point in time in which the services are rendered to customers.

1. Service revenue

The Group provides management services for internet data. Service revenue is recognized as revenue in the reporting period in which the services are rendered to customers.

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4. Financial composition

The duration of commitment to transfer commodities or services to customer and the payment period in the contracts between the Group and customers are all less than one year. Therefore, the Group has not adjusted the transaction price to reflect the time value of money.

1. Costs to acquire contracts from customers

The Group recognizes the incremental costs incurred in the contracts with the customers and that are expected to be recoverable. However, such costs are recognized in expense as incurred since the contracts are less than one year.

(XXX) Business combinations

1. The Group uses the acquisition method to account for business combinations. The consideration transferred for an acquisition is measured as the fair value of the assets transferred, liabilities incurred or assumed and equity instruments issued at the acquisition date, plus the fair value of any assets and liabilities resulting from a contingent consideration arrangement. All acquisition related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. For each business acquisition case, the Group measures the components of non-controlling interests in the acquiree that are present ownership interests and entitle their holders to the proportionate share of the entity’s net assets in the event of liquidation at either acquisition-date fair value or the ratio of non-controlling interests to the acquiree’s net identifiable assets. All other components of non-controlling interests shall be measured at acquisition-date fair value.

2. If the aggregate of (i) the value of consideration transferred, (ii) the amount of non-controlling interests, and (iii) the fair value of the acquirer's previously-held equity interest in the acquiree exceeds the fair value of identifiable assets acquired and liabilities assumed, the difference is recognized as goodwill on the acquisition date. If the fair value of identifiable assets acquired and liabilities assumed exceeds the aggregate of (i) the value of consideration transferred, (ii) the amount of non-controlling interests, and (iii) the fair value of the acquirer's previouslyheld equity interest in the acquiree, the difference is recognized as profit or loss on the acquisition date.

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(XXXI) Government grants

Government grants are recognized at their fair value only when there is reasonable assurance that the Company will comply with any conditions attached to the grants and the grants will be received. Government grants to compensate the Group’s expense are recognized as profit or loss on a systematic basis when the expense occurs.

(XXXII) Operating segments

The Group's operating segments are reported in a manner consistent with the internal management reporting provided to the chief operating decision makers. The chief operating decision makers, who are responsible for allocating resources to the operating segments and assessing the performance of the Group, has been identified as the members of the Board of Directors.

V. Primary Sources of Uncertainties in Material Accounting Judgments, Estimates, and Assumptions

The preparation of the Group's financial statements requires management to make critical judgments in applying the Group's accounting policies and make critical assumptions and estimates concerning future events according to the conditions on balance sheet date. Material accounting assumptions and estimates may differ from the actual results and are continually evaluated and adjusted based on historical experience and other factors. Such estimates and assumptions possess a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Uncertainties in material accounting judgments, estimates, and assumptions are addressed below:

(I) Significant judgments in applying accounting policies

None.

(II) Significant accounting estimates and assumptions

Assessment of disposal group held for sale impairment

The assessment process for the impairment of the disposal group held for sale relies on the subjective judgment of the Group. On May 24, 2024, the Board of Directors resolved to sell the equity of Sitonholy (Tianjin) Technology Co., Ltd. and its subsidiaries. The assets and liabilities associated with this company will be reclassified to the assets held for sale group. The relevant accounting treatment is conducted in accordance with IFRS 5 "Non-current Assets Held for Sale and Discontinued Operations". The fair value of the assets held for sale group is assessed, and it is measured at the lower of its carrying amount and fair value less costs to sell.

~34~

VI. Details of Significant Accounts

(I) Cash and cash equivalents

Cash on hand and working capital Checking deposits and demand deposits Time deposits Transferred to financial assets measured at amortized cost - current	December 31, 2024 $ 100 748,254 422,850	December 31, 2023
		$ 77 1,064,259 61,410 1,125,746 ( 36,540) $ 1,089,206
	1,171,204 -
	$ 1,171,204

1. The Group associates with a variety of financial institutions, all with high credit quality to disperse credit risk, so it is expected that the probability of counterparty default is extremely low.

2. The demand deposits as of December 31, 2024 and 2023 provided as security, have been transferred to the "current financial assets measured at amortized cost" title according to their nature.

3. For more information on the Group's cash and cash equivalents provided as collateral, please refer to Note VIII.

(II) Financial assets at fair value through profit or loss

Financial assets mandatorily measured at fair value through profit or loss Beneficiary certificates Valuation adjustment Total		December 31, 2024 $ - - $ -		December 31, 2023
				$ 34,616 -
				$ 34,616

1. The breakdown of profit or loss for current financial assets at fair value through profit or loss is as follows:

profit or loss is as follows:
Item	2024 $ 2,476 ( 2,476) $ -	2023 $ 1,996 ( 1,996) $ -
Beneficiary certificates Less: Other gains and losses from discontinued operations

1. The Group's financial assets at fair value through profit or loss - current have never been provided as pledged assets or guarantees.

~35~

1. For information on the price risk and fair value of financial assets at fair value through profit or loss, please refer to Note XII(II)(III).

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

Item	December 31, 2024	December 31, 2024	December 31, 2023	December 31, 2023
Equity instruments
Stocks of listed companies	$	945	$	169,634
Non-listed, non-public, emerging stocks		15,350		15,350
		16,295		184,984
Valuation adjustment		37,734		42,341
Total	$	54,029	$	227,325
1. The Group elects to classify the strategic investments in equity as financial assets
at fair value through other comprehensive income.

1. The breakdown in profit or loss and other comprehensive income of financial assets at fair value through other comprehensive income is as follows:

Equity instruments measured at fair value through other comprehensive income Changes in fair value recognized in other comprehensive income Cumulative profit or loss reclassified to retained earnings due to derecognition Dividend income recognized in profit or loss Held at end of period	2024 $ 199,882 $ 204,489 $ 242	2023 $ 84,942 $ - $ 7,015

1. For information on the price risk and fair value of financial assets at fair value through other comprehensive income, please refer to Note XII(II) and (III).

(IV) Notes and accounts receivable

Notes receivable Accounts receivable Less: loss allowance Accounts receivable - related parties Less: loss allowance	December 31, 2024 $- $ 211,160 ( 84) $ 211,076 $ 547,006 ( 219) $ 546,787 $ 757,863	December 31, 2023 $ 865 $ 398,652 ( 29,442) $ 369,210 $ 614,091 ( 246) $ 613,845 $ 983,920

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1. The aging analysis of accounts receivable and notes receivable are as follows:

December 31, 2024 Accounts receivable Notes receivable Not overdue $ 758,166 $ - Overdue for 1-90 days - - Overdue for more than 91 days - - Total $ 758,166 $ - The aging analysis above is based on past due date.	December 31, 2024 Accounts receivable Notes receivable $ 758,166 $ - - - - -	December 31, 2024 Accounts receivable Notes receivable $ 758,166 $ - - - - -	December 31, 2023 Accounts receivable Notes receivable $ 973,093 $ 865 33,518 - 6,132 - $ 1,012,743 $ 865	December 31, 2023 Accounts receivable Notes receivable $ 973,093 $ 865 33,518 - 6,132 - $ 1,012,743 $ 865
		Notes receivable $ - - -		Notes receivable $ 865 - -
	$ 758,166	$ -	$ 1,012,743	$ 865
		on past due date.

1. The balance of receivables on contracts with customers as of December 31, 2024, December 31, 2023, and January 1, 2023 was NT$758,166, NT$1,013,608, and NT$1,030,577, respectively.

2. Without consideration of the collateral held or other credit enhancements, the maximum credit risk that best represent the Group's notes receivable as of December 31, 2024 and 2023 amounted to NT$0 and NT$865, respectively, and the maximum credit risk that best represent the Group's accounts receivable as of December 31, 2024 and 2023 amounted to NT$757,863 and NT$983,055, respectively.

3. For more information on the credit risk of accounts receivable, please refer to Note XII(II).

(V) Inventories

Raw materials Work in process Finished good Raw materials Finished good Commodities Goods in transit	Cost $ 9,471 48,150 3,527 $ 61,148 Cost $ 74,128 81,744 509,855 45,939 $ 711,666	December 31, 2024	December 31, 2024
		Allowance for price decline		Carrying amount $ 6,839 46,967 2,821 $ 56,627
			($ 2,632) ( 1,183) ( 706) ($ 4,521) December 31, 2023
		Allowance for price decline		Carrying amount $ 72,160 81,604 506,379 45,939 $ 706,082
			($ 1,968) ( 140) ( 3,476) - ($ 5,584)

~37~

Cost of inventories is recognized by the Group as expenses in the current period:

Cost of inventories sold (Gain from price recovery) price decline of inventory (Note) Less: Operating costs of discontinued operations	2024 $ 5,385,339 1,012 5,386,351 ( 2,565,079) $ 2,821,272	2023 $ 6,144,178 ( 3,251) 6,140,927 ( 3,059,237) $ 3,081,690

Note: The Group reported the gain from price recovery of inventories in 2023 as a result of de-stocking.

(VI) Prepayments

Prepayments for goods Tax overpaid retained for offsetting the future tax payable Others	December 31, 2024 $ - - 3,241 $ 3,241	December 31, 2023 $ 251,281 3,710 11,495 $ 266,486

(VII) Investments Accounted for Using the Equity Method

January 1 (i.e. December 31) Associate	2024 $ - December 31, 2024 $ -	2023 $ - December 31, 2023 $ -

1. On January 21, 2020, the Board of Directors resolved to pass the investment in uSenlight Corporation, and acquire a 13.70% equity interest in uSenlight Corporation at the amount of NT$150,000 in April 2020. As the Group has significant influence on uSenlight Corporation in terms of business decisionmaking, such investment is accounted for using equity method. As of December 31, 2024, the Group held a 6.13% equity interest in uSenlight Corporation, making the Group its single largest shareholder. As the other two largest shareholders (not the Group's related parties) held more than the Group’s shares, the Group had no ability to direct the relevant business activities of uSenlight Corporation. Accordingly, the Group had significant influence but had no control over uSenlight Corporation.

~38~

1. The basic information of the associates that are material to the Group is as follows:

Name of Company	Primary place of business	Shareholding ratio	Shareholding ratio	Nature of relations	Measurement method
		December 31, 2024	December 31, 2023 6.13%
uSenlight Corporation	Republic of China	6.13%		Significant influence	Equity method

• (1) uSenlight Corporation compensated for losses due to capital reduction and issued new shares for capital increase in 2022. However, the Company did not subscribe according to the shareholding ratio, resulting in our shareholding ratio decreasing from 13.05% to 6.13%. Additionally, the Company has made a full reduction on the loss of $97,765 to the book amount of $0 for the investment target in 2021, and we do not intend to continue supporting uSenlight Corporation in the future.

• (2) uSenlight Corporation held a board resolution on April 7, 2022 and passed a dissolution proposal for the company. It was established that April 26, 2022 would be the dissolution date, and the dissolution registration was made on May 20, 2022. The assets were publicly auctioned on November 16, 2022, as notified by the court. The Company is currently undergoing dissolution procedures.

(VIII) Property, plant, and equipment

January 1, 2024 Cost Accumulated depreciation 2024 January 1 Addition Disposal and obsolescence Depreciation expenses Reclassified to disposal group held for sale Net exchange differences December 31 December 31, 2024 Cost Accumulated depreciation	Machinery $ 36,195 ( 29,205) $ 6,990 $ 6,990 19,546 - ( 742) ( 24,626) ( 1,168) $ - $ - - $ -	Transportation equipment $ 12,881 ( 10,486) $ 2,395 $ 2,395 - - ( 262) ( 776) ( 293) $ 1,064 $ 10,635 ( 9,571) $ 1,064	Derivative instruments $ 6,312 ( 4,433) $ 1,879 $ 1,879 576 - ( 825) - - $ 1,630 $ 6,898 ( 5,268) $ 1,630	Testingequipment $ 2,409 ( 520) $ 1,889 $ 1,889 32,441 - ( 5,044) - - $ 29,286 $ 34,850 ( 5,564) $ 29,286	Others $ 11,747 ( 6,477) $ 5,270 $ 5,270 3,098 ( 82) ( 2,308) ( 366) ( 216) $ 5,396 $ 11,381 ( 5,985) $ 5,396	Total $ 69,544 ( 51,121) $ 18,423 $ 18,423 55,661 ( 82) ( 9,181) ( 25,768) ( 1,677) $ 37,376 $ 63,764 ( 26,388) $ 37,376

~39~

January 1, 2023 Cost Accumulated depreciation 2023 January 1 Addition Disposal and obsolescence Reclassifications Depreciation expenses Net exchange differences December 31 December 31, 2023 Cost Accumulated depreciation	Machinery $ 36,995 ( 29,792) $ 7,203 $ 7,203 1,550 - 127 ( 1,846) ( 44) $ 6,990 $ 36,195 ( 29,205) $ 6,990	Transportation equipment $ 13,121 ( 10,052) $ 3,069 $ 3,069 - - - ( 628) ( 46) $ 2,395 $ 12,881 ( 10,486) $ 2,395	Derivative instruments $ 7,082 ( 4,439) $ 2,643 $ 2,643 - ( 14) - ( 771) 21 $ 1,879 $ 6,312 ( 4,433) $ 1,879	Testing equipment $ 68,769 ( 68,626) $ 143 $ 143 2,253 - - ( 507) - $ 1,889 $ 2,409 ( 520) $ 1,889	Others $ 13,352 ( 5,920) $ 7,432 $ 7,432 185 ( 5) ( 127) ( 1,840) ( 375) $ 5,270 $ 11,747 ( 6,477) $ 5,270	Total $ 139,319 ( 118,829) $ 20,490 $ 20,490 3,988 ( 19) - ( 5,592) ( 444) $ 18,423 $ 69,544 ( 51,121) $ 18,423

The Group had no property, plant, and equipment pledged to others.

(IX) Lease transaction - lessee

1. The Group's leased underlying assets refer to buildings, of which the lease term is usually between 3~5 years. Lease contracts are individually negotiated and include various terms and conditions. Except for the term where the leased assets cannot be used as collateral for loans, there are no other restrictions.

2. Below is the carrying amounts of right-of-use assets and their recognized depreciation expenses:

depreciation expenses:
Buildings Buildings Less: Depreciation expenses for discontinued operations	December 31, 2024 Carrying amount $ 11,945 2024 Depreciation expenses $ 19,831 ( 10,049) $ 9,782	December 31, 2023
		Carrying amount
		$ 33,008 2023 Depreciation expenses $ 21,361 ( 15,786) $ 5,575

~40~

1. For the years ended December 31, 2024 and 2023, the Group's additions of rightof-use assets (including the disposal group held for sale) amounted to NT$21,385 and NT$15,198, respectively.

2. Profit or loss items (including the disposal group held for sale) in connection with lease contracts are stated as follows:

lease contracts are stated as follows:
Items affecting profit or loss for the period Interest expenses of lease liabilities Expenses under short-term lease contracts	2024	2023
	$ 933 1,585	$ 850 245

1. For the years ended December 31, 2024 and 2023, the Group's cash flows used in leases amounted to NT$22,544 and NT$22,611, respectively.

(X) Intangible assets

Goodwill January 1, 2024 Cost $ 157,524 Accumulated amortization and impairment - $ 157,524 2024 January 1 $ 157,524 Addition - sourced from separate acquisition - Amortization expenses - Reclassified to disposal group held for sale ( 163,021) Net exchange differences 5,497 December 31 $ - December 31, 2024 Cost $ - Accumulated amortization and impairment - $ -	Customer relationship $ 32,050 ( 32,050) $ - $ - - - - - $ - $ 32,050 ( 32,050) $ -	Computer software $ 29,742 ( 10,027) $ 19,715 $ 19,715 10,967 ( 4,047) ( 19,287) ( 3,620) $ 3,728 $ 6,525 ( 2,797) $ 3,728	Total $ 219,316 ( 42,077) $ 177,239 $ 177,239 10,967 ( 4,047) ( 182,308) 1,877 $ 3,728 $ 38,575 ( 34,847) $ 3,728

~41~

January 1, 2023 Cost Accumulated amortization and impairment 2023 January 1 Addition - sourced from separate acquisition Amortization expenses Net exchange differences December 31 December 31, 2023 Cost Accumulated amortization and impairment	Goodwill $ 160,473 - $ 160,473 $ 160,473 - - ( 2,949) $ 157,524 $ 157,524 - $ 157,524	Customer relationship	Computer software $ 24,477 ( 3,675) $ 20,802 $ 20,802 5,693 ( 6,502) ( 278) $ 19,715 $ 29,742 ( 10,027) $ 19,715	Total $ 217,000 ( 35,725) $ 181,275 $ 181,275 5,693 ( 6,502) ( 3,227) $ 177,239 $ 219,316 ( 42,077) $ 177,239
		$ 32,050 ( 32,050) $ - $ - - - - $ - $ 32,050 ( 32,050) $ -

Goodwill is allocated to the Group’s cash-generating units by operating segments:

Sitonholy (Tianjin) Technology Co., Ltd.	December 31, 2024 $ -	December 31, 2023
		$ 157,524

(XI) Non-current assets held for sale and discontinued operations

1. On May 24, 2024, the Board of Directors of the Group resolved to sell 51% of the equity in Sitonholy (Tianjin) Technology Co., Ltd. and its subsidiaries. The assets and liabilities associated with the subsidiary have been reclassified as held for sale and are presented as a discontinued operation in accordance with the definition of a discontinued operation. This transaction has not been completed as of the reporting date.

2. Cash flows of discontinued operations are stated as follows:

2024 Cash flows from operating activities $ 204,498 Cash flows from investing activities ( 36,952) Cash flows from financing activities 63,140 Effects of exchange rate changes on the balance of cash held in foreign currencies 14,802 Total cash flow $ 245,488	2023 $ 70,106 ( 15,129) ( 8,558) ( 9,376) $ 37,043

~42~

1. Assets classified as disposal group held for sale:

Cash and cash equivalents Financial assets at fair value through profit or loss Financial assets at amortized cost Notes receivable Accounts receivable, net Other receivables Merchandise inventory Prepayments and other current assets Property, plant, and equipment Right-of-use assets Goodwill Intangible assets Other noncurrent assets	December 31, 2024 $ 653,333 20,151 16,235 6,717 254,808 2,546 610,797 178,168 25,768 24,730 163,021 19,287 18,382 $ 1,993,943

The Group uses the disposal group held for sale as the amount guaranteed for the acceptance of money orders. Please refer to Note VIII.

1. Liabilities classified as disposal group held for sale:

Short-term loans Notes payable Accounts payable Current contract liabilities Other payables Other current liabilities Other non-current liabilities	December 31, 2024 $ 219,870 288,799 276,673 95,506 59,693 15,393 10,538 $ 966,472

1. Equity classified as disposal group held for sale:

2024

Differences on translation of financial statements of foreign operations$ 8,090
6. Revenues or expenses cumulatively recognized in other comprehensive income
in relation to disposal groups classified as held for sale:
2024
Foreign currency translation $ 24,847

~43~

1. The analysis of the operating results of the discontinued operations, along with the re-evaluation and recognition outcomes of assets or groups pending disposal, is as follows:

Operating revenue Operating costs Gross profit Operating expenses Total non-operating income and expenses Net gain on discontinued operations before tax Tax expense Net gain on discontinued operations after tax Gain on discontinued operations Attributable to: Owners of the Company Non-controlling Interests	2024 $ 2,892,710 ( 2,565,079) 327,631 ( 308,955) 68,712 87,388 ( 43) $ 87,345 $ 44,546 42,799 $ 87,345	2023 $ 3,468,396 ( 3,059,237) 409,159 ( 315,869) 55,492 148,782 ( 3,265) $ 145,517 $ 74,213 71,304 $ 145,517

(XII) Impairment of non-financial assets

Goodwill is allocated to the Group’s cash-generating units by operating segments. The recoverable amount is determined based on the value in use, and the value in use is calculated using the pre-tax cash flow forecast of the five-year financial budget approved by management. Cash flows beyond the five-year period were estimated using the estimated growth rates stated below.

The Group’s recoverable amount calculated based on the value in use exceeded the carrying amount, so no impairment loss on goodwill was generated. Main assumptions used to calculate the value in use are as follows:

	Sitonholy (Tianjin) Technology
	Co., Ltd.
	2023
Gross Profit Margin	11%-12%
Growth Rate	2.00%
Discount Rate	19.10%

~44~

Management determined the budgeted gross margin based on the past performance and its expectation for market development. The weighted average growth rates used are consistent with the forecasts included in industry reports. The discount rates used are pre-tax and reflect the risks specific to relevant operating segments.

(XIII) Short-term loans

Short-term loans
Nature of loan	December 31, 2024 Interest Rate Collateral $ - - Financial assets at amortized cost - current December 31, 2023 Interest Rate Collateral $ 45,290 6.72% Financial assets at amortized cost - current 151,445 2.50% None $ 196,735
Bank loans Secured loans Nature of loan
Bank loans Secured loans Credit loans

Interest expenses recognized in profit or loss (including the disposal group held for sale) as of December 31, 2024 and 2023 were NT$11,982 and NT$10,480, respectively.

(XIV) Other payables

Other payables
Salaries payable Royalty payable Others	December 31, 2024 $ 36,450 2,496 15,481 $ 54,427	December 31, 2023
		$ 86,593 14,154 27,783 $ 128,530

(XV) Pensions

1. The Company has established a defined contribution retirement plan ("the New Plan") in accordance with the Labor Pension Act, which is applicable to employees with R.O.C. nationality. Under the New Plan, the Company and its domestic subsidiaries contribute monthly an amount based on 6% of the employees' monthly salaries and wages to the employees' individual pension accounts at the Bureau of Labor Insurance. The benefits accrued are paid monthly or in lump sum upon termination of employment.

2. The Company's subsidiaries in Mainland China have a defined contribution plan. Monthly contributions to an independent fund administered by the government in accordance with the pension regulations in the People's Republic of China are based on certain percentage of employees' monthly salaries and wages. The

~45~

pension funds of each employee are managed and arranged by the government, and the Group has no further obligations except the monthly contributions.

1. The pension costs (including the disposal group held for sale) recognized by the Group in accordance with the aforesaid pension regulations for the years ended December 31, 2024 and 2023 were NT$17,657 and NT$13,893, respectively.

(XVI) Capital stock

1. As of December 31, 2024, the Company's authorized capital was NT$2,500,000 (of which NT$100,000 was for the issuance of stock options, preferred shares or corporate bonds with warrants), with paid-in capital of NT$964,988 and the face value of NT$10 per share, and the number of shares at 96,499 thousand.

2. The adjustment of the number of common shares outstanding at the beginning and end of the period is detailed as follows:

(Unit: thousand shares)

January 1 (i.e. December 31)	2024 96,499	2023 96,499

(XVII) Retained earnings

1. Under the Company's Articles of Incorporation, if there is a surplus in the annual final accounts, in addition to the income tax payable according to law, the Company shall first offset its losses in previous years and set aside a legal capital reserve at 10% of the earnings left over. However, when the accumulated legal capital surplus has equaled the total paid-up-capital of the Company, the said restriction does not apply. After the Company has set aside or reversed the special capital reserve in accordance with relevant laws or the competent authority, along with the earnings not distributed at the beginning of the period, and after retaining part of the surplus depending on the situation, the Board of Directors may propose a surplus distribution proposal and submit it to the shareholders' meeting to distribute bonus to the shareholders.

2. The Company is in stable growth and expands in line with sales development in the future. The future capital expenditures and capital requirement are necessary to be considered first when the Company distribute the earnings. The Board of Directors proposes the distribution plan and distributes the earnings after being approved at the shareholders' meeting. In the annual distribution of shareholder dividends, cash dividend shall not be less than 5%, but if the cash dividend is less than NT$0.1 per share, it may not be issued, and the stock dividend will be distributed instead.

~46~

1. The legal reserve shall not be used except for offsetting the loss of the Company and issuing new shares or cash in proportion to the original number of shares held by the shareholders. However, if it is issued to issue new shares or cash, the said legal reserve shall only exceed 25% at most of the paid-up capital.

2. (1) When the Company distributes the surplus, it is required by law to provide a special surplus reserve for the debit balance of other equity items on the balance sheet date of the current year. After that, when the debit balance of other equity projects is reversed, the amount of revolving will be included in the surplus available for distribution.

3. (2) When the Company adopted the IFRSs at first time, for the special reserve listed in the Official Letter of the Financial Management Certificate No. 1010012865 issued on April 6, 2012, the Company reversed the original portion of the said special reserve, and when the Company subsequently uses, disposes of, or reclassifies related assets, they are reversed according to the ratio of the recognized special reserve.

4. By a resolution in the shareholders' meetings on June 14, 2024 and June 16, 2023, respectively, the Company adopted the earnings distribution plan for the years ended December 31, 2023 and 2022 as follows:

ended December 31, 2023 and 2022 as follows:	31, 2023 and 2022 as follows:	31, 2023 and 2022 as follows:
2023 Amount (NT$ thousand) Dividends Per Share (NT$) Legal reserve $ 16,190 Special reserve Provision (Reversal) ( 72,557) Cash dividends 43,424 $ 0.45	2023		2022
	Amount (NT$ thousand)	Dividends Per Share (NT$)	Amount (NT$ thousand)	Dividends Per Share (NT$)
		$ 0.45	$ 32,037 50,024 77,199	$ 0.8

1. Please refer to Note VI (XXIII). for information on employees' remuneration and directors' remuneration.

2. As of March 21, 2025, the Company’s Board of Directors was yet to propose the earnings distribution plan for the year ended December 31, 2024.

~47~

(XVIII) IOperating revenue

) IOperating revenue	nue
Revenue Recognition Timing Revenue from Contracts with Customers: Sales revenue — Consumer Goods Recognized at a certain point in time Sales revenue — AI servers and related products Recognized at a certain point in time Labor revenue Recognized at a certain point in time Service revenue Recognized gradually over time Less: Operating revenue of discontinued operations	Revenue Recognition Timing	2024 $ 3,031,247 2,803,997 12,733 88,713	2023 $ 3,343,185 3,399,750 11,818 68,646
		5,936,690 ( 2,892,710) $ 3,043,980	6,823,399 ( 3,468,396) $ 3,355,003

1. The Group derives revenue from the transfer of goods and services gradually over time and at a specific point in time.

2. The contract liabilities in relation to revenue from contracts with customers recognized by the Group are as follows:

December 31, Contract liabilities: Unearned sales revenue $ Revenue recognized that was included in the contract liability balance (including the disposal group held for sale) at the beginning of the period:	December 31, $	2024	December 31, 2023 $ 137,588 2024 137,588 $	January 1, 2023 $ 68,618 2023 64,179
		100
		$	2024
			137,588

~48~

(XIX) Other income

Government subsidy income Rental income Dividend income Liquidated damages income Other income - others Less: Other revenue of discontinued operations (XX) Other gains and losses Loss on disposal of property, plant, and equipment Net foreign exchange gains (losses) Gain on financial assets at fair value through profit or loss Other losses Less: Other gains and losses from discontinued operations (XXI) Finance costs Interest expenses Lease liabilities Less: Financial costs of discontinued operations		2024		2023 45,334 158 7,015 9,596 11,887 73,990 54,947) 19,043 2023
	$	24,429 158 242 446 58,496 83,771 71,723) 12,048 2024	$
	(		(
	$		$
	($ ( $		($ ( ( ( ( ($
		2) 78,069 2,476 8,143) 72,400 5,629 78,029 2024 $ 11,982 933		19) 3,303) 1,996 1,447) 2,773) 549) 3,322) 2023 $ 10,480 850 11,330 ( 5,072) $ 6,258
		12,915 ( 5,908)
		$ 7,007

(XXII) Expenses by nature

Employee benefits Depreciation expenses of property, plant and equipment Depreciation expenses of right-of-use assets Amortization expenses of intangible assets Less: Expenses for discontinued operations	2024	2023
	$ 318,580 9,181 19,831 4,047 351,640 ( 180,140) $ 171,500	$ 259,263 5,592 21,361 6,502 292,718 ( 193,388) $ 99,330

~49~

(XXIII) Employee benefits

Payroll expenses Labor and health insurance expenses Pension expenses Other employment expenses Less: Expenses for discontinued operations	2024 $ 272,034 19,438 17,657 9,452 318,580 ( 166,667) $ 151,913	2023 $ 221,561 14,802 13,893 9,007 259,263 ( 172,243) $ 87,020

1. According to the Company's Articles of Incorporation, after deducting the accumulated losses based on the profitability of the current year, if there are still some earnings left, the employee shall be granted no less than 0.1% as compensation, and the directors shall not be paid more than 6% as remuneration.

2. For the years ended December 31, 2024 and 2023, the estimated amount of employees' compensation was NT$1,519 and NT$2,384, respectively, and the estimated amount of directors' remuneration was NT$4,556 and NT$7,151, respectively; the aforesaid amounts were recognized as wages and salaries.

3. For the year ended December 31, 2024, 1% and 3% were estimated according to the profitability as of the end of the current period. The resolved amounts as approved by the Board of Directors were NT$1,519 and $4,556, respectively. The employees' compensation will be distributed in the form of cash.

The employees' compensation, NT$2,384, and directors' and supervisors' remuneration, NT$7,151, for the year ended December 31, 2023 that had been resolved by the Board of Directors were the same as the amounts recognized in the financial statements for the year then ended.

1. Information regarding employees' compensation and directors' remuneration approved by the Board of Directors is available on the Market Observation Post System (MOPS).

(XXIV) Income Tax

1. Income tax expense for continuing operations

2. (1) Components of tax expense:

Current income tax: Income tax generated in the current	2024	2023
	$ 11,721	$ 30,205

~50~

	period
	Surtax on undistributed earnings		8,742		8,056
	Overestimate provision of previous
	year's income tax	( 1,229)		(	132)
	Total current income tax	19,234			38,129
	Deferred income tax:
	The origination and reversal of
	temporary differences	25,148			28,919
	Income tax expense for continuing operations	$ 44,382		$	67,048
	(2) Income tax amounts associated with other comprehensive income:
		2024			2023
	Changes in fair value of financial assets at
	fair value through other comprehensive income	$	7,231	$	-
2.	Tax expense and accounting profit
		2024			2023
	Income tax calculated at the statutory rate	$ 29,242		$	45,865
	Expenses that should be excluded
	according to tax laws	(	1,707)	(	1,548)
	Income exempt from taxation according to
	tax laws	(	48)	(	1,403)
	Temporary differences not recognized as
	deferred tax assets		9,382		16,210
	Surtax on undistributed earnings		8,742		8,056
	Overestimate provision of previous year's
	income tax	(	1,229)	(	132)
	Tax expense	$ 44,382		$	67,048

1. The amount of deferred tax assets that arise from temporary differences from the taxable financial assets are set out below:

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Temporary differences: Deferred income tax assets Allowance for inventory valuation and obsolescence losses Impairment loss Unrealized foreign exchange loss Investment loss Deferred income tax liabilities Investment income Unrealized exchange gains Gains on valuation of financial assets Total Temporary differences: Deferred income tax assets Allowance for inventory valuation and obsolescence losses Impairment loss Unrealized foreign exchange loss Investment loss Deferred income tax liabilities Investment income	January 1 $ 102 19,948 5,244 9,547 34,841 ( 34,920) - - ( 34,920) ($ 79) January 1 $ 664 19,948 2,402 9,547 32,561 ( 3,721) $ 28,840	2024	2024	December 31 $ 904 19,948 - 9,547 30,399 ( 53,791) ( 1,835) ( 7,231) ( 62,857) ($ 32,458)
		Recognized in profit or loss	Recognized in other comprehensive income
		Recognized in profit or loss ($ 562) - 2,842 - 2,280 ( 31,199) ($ 28,919)	Recognized in other comprehensive income $ - - - - - - $ -	December 31 $ 102 19,948 5,244 9,547 34,841 ( 34,920) ($ 79)

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1. Deductible temporary differences of assets that have not been recognized as deferred tax assets:

Deductible temporary difference	December 31, 2024 $ 33,796	December 31, 2023 $ 33,796

1. The revenue service authority has assessed the profit-seeking enterprise income tax of the Company through 111.

(XXV) Earnings per Share

Earnings per Share
Basic earnings per share Current net income attributable to continuing operations of parent company Current net income attributable to discontinued operations of parent company Current net income attributable to ordinary shareholders of parent company Diluted earnings per share Current net income attributable to continuing operations of parent company Impact of potential ordinary shares with dilutive effect Employee compensation Current net income attributable to continuing operations of ordinary shareholders of parent company plus the impact of potential ordinary shares Current net income attributable to discontinued operations of parent company Current net income attributable to ordinary shareholders of parent company plus the impact of potential ordinary shares	After-tax amount $ 56,943 44,546 $ 101,489 $ 56,943 - 56,943 44,546 $ 101,489	2024
		Weighted average shares outstanding (thousand shares) 96,499 96,499 55 96,554	Earnings per share (NT$) $ 0.59 0.46 $ 1.05 $ 0.59 0.46 $ 1.05

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(XXVI)	After-tax amount Basic earnings per share Current net income attributable to continuing operations of parent company $ 87,688 Current net income attributable to discontinued operations of parent company 74,213 Current net income attributable to ordinary shareholders of parent company $ 161,901 Diluted earnings per share Current net income attributable to continuing operations of parent company $ - Impact of potential ordinary shares with dilutive effect Employee compensation - Current net income attributable to continuing operations of ordinary shareholders of parent company plus the impact of potential ordinary shares 87,688 Current net income attributable to discontinued operations of parent company 74,213 Current net income attributable to ordinary shareholders of parent company plus the impact of potential ordinary shares $ 161,901 Changes in liabilities from financing activities	2023
		Weighted average shares outstanding (thousand shares) 96,499 96,499 77 96,576	Earnings per share (NT$) $ 0.91 0.77 $ 1.68 $ 0.91 0.77 $ 1.68

January 1 Changes in cash flows from financing Impact on changes in exchange rate Changes in other non-cash Liability of transfer of group held for sale December 31	Short-term loans $ 196,735 17,850 5,285 - ( 219,870) $ -	2024	2024
		Guarantee deposits received $ 382 667 11 - ( 1,060) $ -	Lease liabilities $ 33,794 ( 20,026) 2,135 21,385 ( 24,871) $ 12,417	Changes in liabilities from financing activities $ 230,911 ( 1,509) 7,431 21,385 ( 245,801) $ 12,417

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2023

January 1 Changes in cash flows from financing Impact on changes in exchange rate Changes in other non-cash December 31	Short-term loans $ 145,464 53,944 ( 2,673) - $ 196,735	Guarantee deposits received $ 618 ( 225) ( 11) - $ 382	Lease liabilities $ 40,507 ( 21,516) ( 395) 15,198 $ 33,794	Changes in liabilities from financing activities $ 186,589 32,203 ( 3,079) 15,198 $ 230,911

VII. Related Party Transactions

(I) Parent company and the ultimate controller

The Company is controlled by Yicheng International Development Co., Ltd. (incorporated in the Republic of China), which owns 25.4% of the shares of the Company. The rest is held by the public. The ultimate controller of the Company is the Colorful Group.

(II) Name of related party and relationship with the Group

Related Party Relationship with the Group Colorful Technology Co., Ltd. (Colorful) 100% reinvestment business by Colorful Group Shenzhen Colorful Yugong Technology and The same person in charge as the Colorful Development Co., Ltd. (Yugong) Group Hong Kong Colorful Yugong Technology The same person in charge as the Colorful Limited (Hong Kong Yugong) Group The chairman of the Company serves as this JDX Technology Co., Ltd. (JDX) company's supervisor (Note) The chairman of the Company serves as this LeRain Technology Co., Ltd. (LeRain) company's independent director Segotep Electronic Technology Co., Ltd. The same person in charge as the Colorful (Segotep) Group Huizhou Segotep Electronic Technology Co., The same person in charge as the Colorful Ltd. (Huizhou Segotep) Group uSenlight Corporation (uSen) Associate

Note: As of October 18, 2024, the individual is no longer the supervisor of the company.

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(III) Significant transactions with related parties

1. Operating revenue

Continuing operations

Continuing operations
Sales of goods Other related party Colorful Others	2024	2023 $ 1,933,079 - $ 1,933,079
	$ 1,648,450 55,335 $ 1,703,785

The Group's transaction prices to related parties are not significantly different from those of the unrelated parties. The payment terms are 30 days end of month and OA 45~125 days depending on the different product.

2. Purchase of goods

Continuing operations

Continuing operations
	2024	2023
Product purchase:
Otherrelatedparty
Hong Kong Yugong	$ 829,536	$	-
Others	19,047		-
	$ 848,583	$	-
Discontinued operation
	2024	2023
Shenzhen Yugong	$ 38,039	$ 28,195
Goods are purchased from related parties according to general commercial terms
and conditions. The main	purchase from related parties involves the acquisition
of graphics cards. The payment terms are based on the stipulations outlined in the
contract, which include a prepayment method, monthly settlements within 60 to
90 days, and payment within 30 days of receipt of goods.

3. Receivables from related parties

Accounts receivable: Colorful Hong Kong Yugong Less: loss allowance Total	December 31, 2024 $ 545,544 1,462 547,006 ( 219) $ 546,787	December 31, 2023 $ 614,091 - 614,091 ( 246) $ 613,845

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Receivables from related parties mainly arise from sales transactions. Payment for sales transactions is made in accordance with the payment terms after the date of sale. The receivables are unsecured and not interest-bearing.

4. Payables to related parties

Accounts payable: Other related party Hong Kong Yugong Others Total	December 31, 2024 $ 82,580 642 $ 83,222	December 31, 2023 $ - - $ -

The payables to related parties mainly arise from purchases, which are due 30 days after the end of the month. The payables are non-interest bearing.

5. Prepayments

Other related party	December 31, 2024 $ -	December 31, 2023 $ 5,808

6. Advertising fees

After the launch of the products jointly developed by the Group and Colorful, both sides have agreed to pay no more than US$60,000 per month as advertising expenses for the related parties. The amounts of advertising expense incurred in 2024 and 2023 were NT$9,452 and NT$9,024, respectively; the amounts not yet paid as of December 31, 2024 and 2023 were NT$5,563 and NT$5,001, respectively, and recognized as "other payables."

(IV) Key management compensation information

Wages and other short-term employee benefits	2024 $ 18,348	2023 $ 19,044

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VIII. Pledged assets

The Group's assets pledged as collateral are as follows:

Assets title	Book December 31, 2024 $ - - 16,235 $ 16,235	value	Purpose of collateral
Financial assets at amortized cost - current Financial assets at amortized cost - current Financial assets at amortized cost - current (reported in the disposal group held for sale)

IX. Significant Contingent Liabilities and Unrecognized Contract Commitments

(I) Contingencies

None.

(II) Commitments

As of December 31, 2024 and 2023, the Company issued a promissory note totaling NT$100,000 for the purchase of goods as a guarantee for the purchase of loan claims.

X. Significant Disaster Loss

None.

XI. Significant Events after the Balance Sheet Date

None.

XII. Others

(I) Capital management

The Group's objectives in capital management are to safeguard the Group's ability to continue as a going concern in order to maintain optimal capital structure in order to minimize the cost of funding and to provide remuneration for its shareholders. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, or sell assets to reduce debt.

(II) Financial instruments

1. Category of financial instruments

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Financial assets Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at amortized cost Cash and cash equivalents Financial assets at amortized cost Notes receivable Accounts receivable (including related parties) Other receivables Refundable deposits (other noncurrent assets) Financial liabilities Financial liabilities at amortized cost Short-term loans Notes payable Accounts payable (including related parties) Other payables Refundable deposits (other noncurrent liabilities) Lease liabilities	December 31, 2024 $ -	December 31, 2023 $ 34,616 $ 227,325
	$ 54,029
	$ 1,171,204 - - 757,863 1,377 1,607	$ 1,089,206 36,540 865 983,055 2,696 9,264
	$ 1,932,051	$ 2,121,626
	December 31, 2024 $ - 14 204,219 54,427 -	December 31, 2023 $ 196,735 198,287 372,795 128,530 382
	$ 258,660	$ 896,729
	$ 12,417	$ 33,794

1. Risk management policies

2. (1) The Group's daily operations are affected by a number of financial risks, including market risk (including exchange rate risk, interest rate risk, and price risk), credit risk, and liquidity risk.

3. (2) The risk management is carried out by the Group's finance department according to the policies approved by the Board of Directors. The finance department of the Group is responsible for identifying, evaluating, and avoiding financial risks in close co-operation with the Group's operating units. The Board of Directors has established written principles for overall risk management, and provides written policies for specific areas and matters such as exchange rate risk, interest rate risk, credit risk, and investment of the remaining current capital.

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1. The nature and degrees of significant financial risks

2. (1) Market risk

Foreign exchange risk

• A. The Group is a multinational operation and is exposed to exchange rate risk arising from transactions with the Company and its subsidiaries, which is mainly denominated in USD and CNY. The related exchange rate risk arises from future commercial transactions and recognized assets and liabilities.

• B. Business of the Group is involved in a number of non-functional currency (the functional currency of the Company is NTD; for subsidiaries, the functional currency is CNY) and deeply affected by the exchange rate fluctuation. The information of significant impact affected by exchange rate fluctuation for foreign assets and liabilities is as follow:

as follow:
(Foreign currency: functional currency) Financial assets Monetary items USD:NTD Financial liabilities Monetary items USD:NTD (Foreign currency: functional currency) Financial assets Monetary items USD:NTD Financial liabilities Monetary items USD:NTD		December 31, 2024
	Foreign currency (NT$ thousands)	Exchange Rate	Carrying amount (NT$)
	$ 51,286 $ 6,203
	Foreign currency (NT$ thousands)	Exchange Rate	Carrying amount (NT$)
	$ 45,045 $ 7,487	30.705 30.705	$ 1,383,107 $ 229,888

C. The Group's material monetary items of continuing operations affected by the exchange rate fluctuations were recognized as net exchange losses (including realized and unrealized), which amounted to

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NT$78,069 and (NT$3,303), respectively, for the years ended December 31, 2024 and 2023.

• D. The Group's foreign currency market risk analysis due to significant exchange rate fluctuations is as follows:

(Foreign currency: functional currency) Degree of fluctuation Financial assets Monetary items USD:NTD 1% Financial liabilities Monetary items USD:NTD 1% (Foreign currency: functional currency) Degree of fluctuation Financial assets Monetary items USD:NTD 1% Financial liabilities Monetary items USD:NTD 1%		2024	2024
		Sensitivity	analysis
	Degree of fluctuation	Impact on profit and loss	Impact on other comprehensive income
		Sensitivity	analysis
	Degree of fluctuation	Impact on profit and loss	Impact on other comprehensive income
		$ 13,831 $ 2,299	$ - $ -

Price risk

• A. The Group's equity instruments exposed to price risk are financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income. To manage the price risk of investments in equity instruments, the Group diversifies its portfolio with its diversification method based on limits set by the Group.

• B. The Group primarily invests in equity instruments and beneficiary certificates issued by domestic companies, and the price of such equity instruments is affected by the uncertainty of the future value of the investment target. If the prices of these equity instruments increase or decrease by 1%, with all other factors remaining unchanged, profit after tax for the years ended December 31, 2024 and 2023 will increase or

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decrease by NT$202 and NT$346, respectively due to the gain or loss on equity instruments at fair value through profit or loss, and other comprehensive income for the years then ended will increase or decrease by NT$540 and NT$2,273, respectively due to the gain or loss on equity instruments at fair value through other comprehensive income.

Cash flow and fair value interest rate risk

• A. The Group's interest rate risk arises primarily from short-term borrowings issued at variable rates, which expose the Group to cash flow interest rate risk. For the years ended December 31, 2024 and 2023, the Group's borrowings issued at variable rates were mainly denominated in NTD, USD, and RMB.

• B. The Group's borrowings are measured at amortized cost and are repriced at the contract annual rate every year. Therefore, the Group is exposed to the risk of changes in future market interest rates.

• C. If the NTD, USD, and RMB borrowing interest rate increases/decreases by 1%, with all other variables held constant, profit before tax for the years ended December 31, 2024 and 2023 will decrease or increase by NT$0 and NT$1,574, respectively. Changes in interest expense mainly result from floating-rate borrowings.

• (2) Credit risk

• A. The Group's credit risk is primarily attributable to the risk of financial loss from customers or the counterparty of financial instruments who are unable to fulfill the contract obligation. That credit risk is mainly from the fact that the counterparty is unable to pay off the accounts receivable payable on the terms of the payment and debt instruments classified as amortized cost being measured based on contract cash flows.

• B. The Group has established credit risk management in the Group's corporate policy. For banks and financial institutions, only those with good credit rating can be accepted as our transaction counterparties. In accordance with the internal defined credit policy, the Group's operating entities and each new customer shall be subject to the management and credit risk analysis before making payment and delivery of the agreed payment and delivery. Internal risk control is evaluated by considering its financial position, historical experience and other factors to assess

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the credit quality of customers. Limits on individual risks are formulated by the Board of Directors based on internal or external ratings and regularly monitored by the Board of Directors.

• C. The Group adopts credit risk management procedures to make assumptions except that the contract amount is overdue for more than 90-120 days in accordance with the agreed payment terms, it is regarded that a default has taken place.

• D. The Group adopts credit risk management procedures to make the following assumptions as to whether the credit risk on financial instruments since initial recognition has increased by the following:

• (A) When the contract amount is overdue for more than 30 days in accordance with the agreed payment terms, the credit risk has been significantly increased since the original recognition of the financial assets.

• (B) There are actual or expected significant changes in external credit ratings of financial instruments.

• E. The Group will group the customer's accounts receivable based on the characteristics of the customer's rating and customer type, and use the simplified method to estimate the expected credit loss based on the preparation matrix.

• F. The Group conducts individual assessments for accounts receivable that have already defaulted, taking into account the collection status after the reporting period, and recognizes a provision for loss allowance of 0% to 30%. The remainder is estimated based on our credit conditions and forward-looking considerations to adjust the loss rate established by historical and current information for a specific period so as to estimate the allowance loss for accounts receivable by the said loss rate. The provision matrix as of December 31, 2024 and 2023 is as follows:

December 31, 2024	Individual - $ - $ -	Not overdue 0.04% $ 758,166 $ 303	Overdue for 1- 90 days - $ - $ -	Overdue for more than 91 days - $ - $ -	Total $ 758,166 $ 303
Expected loss rate Total book value Loss allowances

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December 31, 2023	Individual 0%~30% $ 10,794 $ 1,144	Not overdue 0.02%~11.90% $ 963,164 $ 19,618	Overdue for 1- 90 days 9.50% $ 33,518 $ 3,185	Overdue for more than 91 days 9.50%~100% $ 6,132 $ 5,741	Total $ 1,013,608 $ 29,688
Expected loss rate Total book value Loss allowances

G. The statement of allowance loss for accounts receivable of the Group

using simplified approach is as follows:

January 1 Transfer of disposal group held for sale Reversal of impairment loss Effect of exchange rate changes December 31	2024 Notes receivable Accounts receivable $ - $ 29,688 - ( 29,368) - ( 17) - - $ - $ 303	2024 Notes receivable Accounts receivable $ - $ 29,688 - ( 29,368) - ( 17) - - $ - $ 303	2023 Notes receivable Accounts receivable $ - $ 37,737 - - - ( 8,186) - 137 $ - $ 29,688	2023 Notes receivable Accounts receivable $ - $ 37,737 - - - ( 8,186) - 137 $ - $ 29,688
		Accounts receivable $ 29,688 ( 29,368) ( 17) - $ 303		Accounts receivable $ 37,737 - ( 8,186) 137 $ 29,688
	$ -

• (3) Liquidity risk

• A. Cash flow prediction is performed by individual operating entities within the Group and are aggregated by the Group's finance department. The Group's finance department monitors the Group's liquidity requirements predict to ensure that it has sufficient funds to support its operational needs and maintains sufficient unencumbered borrowing commitments at all times so that the Group does not violate the relevant borrowing limits or terms.

• B. The surplus cash held by each operating entity will be transferred back to the Group's finance department when it exceeds the management needs of the working capital. The Group's finance department invests the surplus funds in interest-bearing demand deposits and fixed deposits, and the selected instruments have appropriate maturity dates or sufficient liquidity to meet the above forecasts and provide sufficient water and effluents.

• C. The following tables detail the Group's non-derivative financial liabilities grouped by the maturity date. Non-derivative financial liabilities are analyzed based on the remaining period from the balance sheet date to the contractual maturity date. The contractual cash flow

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amounts disclosed in the table below are undiscounted amounts.

December 31, 2024 Non-derivative financial liabilities: Lease liabilities December 31, 2023 Non-derivative financial liabilities: Lease liabilities	Less than 1 year	Within 1-2 years	Within 2-5 years
	$ 7,162 Less than 1 year	$ 2,245 Within 1-2 years	$ 3,505 Within 2-5 years
	$ 18,594	$ 8,876	$ 7,833

Except as stated above, the Group's non-derivative financial liabilities are due within one year.

(III) Fair value information

1. The different levels that the inputs to valuation techniques are used to measure fair value of financial and non-financial instruments have been defined as follows:

2. Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. A market is regarded as active where a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. The fair value of the Group's investment in listed stocks and beneficiary certificates is of Level 1.

3. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

4. Level 3: Unobservable inputs for the asset or liability. The fair value of the Group's investment in equity investment without active markets is of Level 3.

5. For financial instruments not measured at fair value, including cash and cash equivalents, financial assets measured at amortized cost, notes receivable, accounts receivable (including related parties), other receivables, short-term borrowings, notes payable, accounts payable (including related parties), and other payables, their carrying amounts are a reasonable approximation of their fair value.

6. The related information of financial and non-financial instruments measured at fair value by level on the basis of the nature, characteristics and risks of the assets and liabilities is as follows:

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• (1) The Group classifies its assets and liabilities according to their nature; the information is as follows:

December 31, 2024 Assets Recurring Fair Value Financial assets at fair value through profit or loss (reported in disposal group held for sale) Financial assets at fair value through other comprehensive income Equity securities Total December 31, 2023 Assets Recurring Fair Value Financial assets at fair value through profit or loss Beneficiary certificates Financial assets at fair value through other comprehensive income Equity securities Total	Level 1 $ 20,151 2,524 $ 22,675 Level 1 $ 34,616 211,975 $ 246,591	Level 2 $ - -	Level 3 $ - 51,505 $ 51,505 Level 3 $ - 15,350 $ 15,350	Total $ 20,151 54,029 $ 74,180 Total $ 34,616 227,325 $ 261,941
		$ -
		Level 2 $ - -
		$ -

• (2) Methods and assumptions used by the Group to measure the fair value are as follows:

• A. The instruments that the Group uses market-quoted prices as their fair values (i.e. Level 1) are listed below by characteristics:

Quoted market price	Stocks of public quoted entity	Beneficiary certificates
	Closing market prices	Net Value

• B. In addition to the aforementioned financial instruments with active markets, the fair value of the remaining financial instruments is obtained by means of evaluation techniques or reference to counterparty quotes. The fair value obtained through evaluation techniques can refer to the current fair value of other substantial financial instruments with similar conditions and characteristics, discounted cash flow method or other evaluation techniques, including

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calculations based on the market information utilization model available on the date of the consolidated balance sheets (e.g., the reference yield curve offered by Taipei Exchange or the average offer price of Reuters commercial paper interest rate).

• C. The valuation of derivative instruments is based on the valuation model that is widely accepted by market users, such as the discount method. Structured interest rate derivatives are valued by the estimation of future cash flows at contractual interest rates.

• D. The output of valuation model is an estimated value and the valuation technique may not be able to capture all relevant factors of the Group's financial and non-financial instruments. Therefore, the estimated value of the evaluation model will be adjusted according to additional parameters, such as model risk or liquidity risk. According to the Group's fair value evaluation model management policy and related control procedures, the management believes that the adjustment is appropriate and necessary to recognize the fair value of financial instruments and non-financial instruments in the consolidated balance sheet. The price information and parameter used in the valuation process are carefully evaluated and adjusted appropriately based on current market conditions.

• E. The Group takes into account adjustments for credit risks to measure the fair value of financial and non-financial instruments to reflect credit risk of the counterparty and the Group's credit quality.

• For the years ended December 31, 2024, and 2023, there were no transfers between Level 1 and Level 2.

• The following chart indicates the movement of Level 3 for the years ended December 31, 2024, and 2023:

January 1 Reported in unrealized gains (losses) on investments in equity instruments at fair value through other comprehensive income December 31	2024 Equity instruments 15,350 36,155 $ 51,505	2023 Equity instruments 15,350 - $ 15,350

1. For the years ended December 31, 2024, and 2023, there were no transfers into or out of Level 3.

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1. The finance department of the Group is in charge of valuation procedures for fair value measurements being categorized within Level 3, which is to verify independent fair value of financial instruments. Such assessment is to ensure the valuation results are reasonable by applying independent information to make results close to current market conditions, confirming the resource of information is independent, reliable, and in line with other resources and represented as the exercisable price, and frequently calibrating valuation model, performing backtesting, updating inputs used to the valuation model, and making any other necessary adjustments to the fair value.

2. Quantitative information and sensitivity analysis of significant unobservable inputs to the valuation models used in the valuation models for Level 3 fair value measurement and the sensitivity analysis of changes in significant unobservable inputs are as follows:

			Significant
	December 31,	Valuation	unobservable	Relationship between input
	2024 Fair value	technique	input values	value and fair value
Non-derivative equity	instruments:
Shares of non-	$ 51,505	Market price	Lack of market	The lack of market liquidity
pubicly quoted		method	liquidity discount	discount and higher expected
entity			and expected	volatility of equity value
			volatility of equity	leads to lower fair values.
			value
			Significant
	December 31,	Valuation	unobservable	Relationship between input
	2023 Fair value	technique	input values	value and fair value
Non-derivative equity	instruments:
Shares of non-	$ 15,350	Market price	Lack of market	The lack of market liquidity
pubicly quoted		method	liquidity discount	discount and higher expected
entity			and expected	volatility of equity value
			volatility of equity	leads to lower fair values.
			value

1. The Group carefully evaluates the valuation models and inputs used in selecting the valuation models and inputs that the valuation models may result in different valuation models. For financial assets classified as Level 3, if there are changes in evaluation parameters, the impact on other comprehensive gains and losses is as follows:

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Input value Changes Financial assets Equity instruments Lack of market liquidity discount and expected volatility of equity value ±1% Input value Changes Financial assets Equity instruments Lack of market liquidity discount and expected volatility of equity value ±1%	Input value	Changes	December 31, 2024	December 31, 2024
			Recognized in other comprehensive income
			Favorable changes	Adverse changes
			Recognized in other comprehensive income
			Favorable changes	Adverse changes
			$ 154	$ 154

XIII. Supplementary Disclosures

(I) Information on Significant Transactions

1. Capital loans to others: Please refer to Table 1.

2. Endorsements and guarantees: Please refer to Table 2.

3. Marketable securities held at the end of the period (excluding investment in subsidiaries): Please refer to Table 3.

4. Accumulated purchase or disposal of the same securities amount reaching NT$300 million or 20% of the paid-in capital: Please refer to Table 4.

5. Acquisition of real estate reaching NT$300 million or 20% of paid-in capital or more: None.

6. Disposal of real estate reaching NT$300 million or 20% of paid-in capital or more: None.

7. Purchases and sales with related parties reaching NT$100 million or 20% of paidin capital or more: Please refer to Table 5.

8. Receivables from related parties reaching NT$100 million or 20% of paid-in capital or more: Please refer to Table 6.

9. Derivatives transactions: None.

10. Parent-subsidiary and subsidiary-subsidiary business relations and significant transactions and amounts thereof: Please refer to Table 7.

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(II) Information on Invested Companies

Information on investees (not including investees in Mainland China):

Please refer to Table 8.

(III) Information on Investments in Mainland China

1. Basic information: Please refer to Table 9.

2. Significant transactions between the Company and investees in Mainland China directly or indirectly through entities in a third area: Please refer to Table 7.

(IV) Information on Major Shareholders

Information on major shareholders: Please refer to Table 10.

XIV. Segment Information

(I) General information

The Board of Directors of the Group operates business and makes decisions by product types, which are divided into consumer electronic products and AI servers (namely, reportable segments).

(II) Segment Information

The information for departments that should issue a report to the chief operating decision maker is as follows:

2024 External revenue Internal department revenue Segment revenue Segment profit or loss 2023 External revenue Internal department revenue Segment revenue Segment profit or loss	Consumer Goods $ 3,043,980 8,639 $ 3,052,619 $ 101,489 Consumer Goods $ 3,355,003 9,230 $ 3,364,233 $ 161,901	AI servers and related products $ 2,892,710 176,680 $ 3,069,390 $ 87,345 AI servers and related products	Adjust and write off $ - ( 8,639) ($ 8,639) ($ 44,546) Adjust and write off $ - ( 9,230) ($ 9,230) ($ 74,213)	Discontinued operation ($ 2,892,710) ( 176,680) ($ 3,069,390) ($ 87,345) Discontinued operation ($ 3,468,396) ( 165,324) ($ 3,633,720) ($ 145,517)	Total $ 3,043,980 - $ 3,043,980 $ 56,943 Total $ 3,355,003 - $ 3,355,003 $ 87,688
		$ 3,468,396 165,324 $ 3,633,720 $ 145,517

(III) Information on the adjustment of segment profit or loss

1. No reconciliation is necessary as the Group’s chief operating decision maker assesses segment performance and decide on the allocation of resources based on

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profit after tax.

1. The measurement method used for total amount of assets reported to the chief operating decision maker is the same as that used for the total amount of assets stated in the financial statements.

(IV) Information on products and services

Please refer to Note VI(XVIII).

(V) Geographical information (including disposal group held for sale)

Geographic information for the Group in 2024 and 2023 are as follows:

			2024			2023
		Revenue	Non-current assets		Revenue	Non-current assets
China	$	5,898,471	$	256,940	$ 6,821,806	$	215,766
Taiwan		38,219		81,695	1,593		57,422
	$	5,936,690	$	338,635	$ 6,823,399	$	273,188

(VI) Key accounts information

Key accounts information for the Group in 2024 and 2023 are as

follows:

10C001	2024 $ 1,648,450	2023 $ 1,993,079

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Chaintech Technology Corp. and its Subsidiaries

Loans to others

For the Year Ended December 31, 2024

Table 1

Unit: NT$ thousands

(Unless specified otherwise)

No.	Lending company	Borrower	Transaction (Note 3)	Is a related party	Maximum balance for the period (Note4)	Balance at end of period (Note 5)	Actual amount drawn (Note 6)	Interest Rate	Nature of loan (Note 7)	Amount of transacti ons with the borrower	Reason for short-term financing (Note 9)	Allowances for losses	Collateral	Collateral	Limit on loans granted to a single party (Note10)	Ceiling on total loans granted (Note10)	Rem ark
													Title	Value
1	Sitonholy (Tianjin) Technology Co., Ltd.	Sitonholy (Shenzhen) Technology Co., Ltd.	Other receivables from related parties	Yes	$ 31,815	$ 31,346	$ -	3.00%	2	$ -	Operational turnover	$ -	None	$ -	$ 86,445	$ 86,445

• Note1: In this report, the terms "balance" and "amount" refer to the funds lent to others or the amounts involved, as stipulated in Article 7 of the Processing Guidelines. These terms apply to the date of the event, which may include the date of the board of directors' resolution, the date of the transaction contract signing, the date of payment, or any other date that sufficiently confirms the transaction counterpart and transaction amount, whichever occurs first. This definition excludes the actual disbursed amount (Note 7), the business transaction amount (Note 9), and the amount reserved for bad debts.

• Note2: Explanations are as follows:

• The issuer shall fill in 0.

The investees are numbered in alphabetical order beginning with the Arabic numeral 1. The same company should be assigned the same number.

• Note3: Accounts receivable from associates, receivables from related parties, shareholder transactions, prepayments, temporary payments, and other similar accounts that are of a lending nature must be recorded in this field.

• Note4: This month's changes in the amounts of funds lent and borrowed are classified into two categories: amounts due to business transactions and short-term financing funds. Changes pertaining to the Company do not require entry.

• Note5: If a publicly issued company lends funds in accordance with Article 14, Section 1 of the Regulations Governing Establishment of Internal Control Systems by Public Companies, the amount resolved by the board of directors should be included in the announced balance, even if the funds have not yet been disbursed, to disclose the risks undertaken. However, following the repayment of the funds, the remaining balance after repayment should be disclosed to accurately reflect the adjustment of risks. If a publicly issued company authorizes the Chairman of the Board to allocate loans in installments or to utilize revolving funds within a specified limit and for a duration of one year, based on the resolution of the Board of Directors in accordance with Article 14, Section 2 of the Regulations Governing Establishment of Internal Control Systems by Public Companies, the remaining balance for public disclosure must still be based on the loan amount approved by the Board of Directors. Even if funds are subsequently repaid, consideration must be given to the potential for loan reallocation; therefore, the remaining balance for public disclosure should continue to reflect the loan amount approved by the Board of Directors.

• Note6: The borrower should enter the actual loan amount to be borrowed within the specified limit.

• Note7: Explanation of loans and nature:

Please input 1 for related parties with business engagement.

Please input 2 for parties for which short-term loans are necessary.

• Note8: For loans classified as Type 1, the business transaction amount should be recorded.

• Note9: For loans classified as Type 2, a detailed explanation for the required loan amount and the intended use of the funds by the borrowing party shall be provided. Examples of intended uses include loan repayment, equipment purchases, and operational turnover.

• Note10: The total amount of loans granted by the Company shall not exceed 10% of the Company's net worth. For companies engaged in business dealings with the Company, the individual loan amount shall not exceed the total value of transactions conducted between both parties. The term business transaction amount refers to the greater of the purchase or sales amount between the two parties over the most recent fiscal year; however, the maximum amount shall not exceed the aforementioned limit.

Table 1, page 1

Chaintech Technology Corp. and its Subsidiaries

Endorsements/Guarantees Provided for Others

For the Year Ended December 31, 2024

Table 2

Unit: NT$ thousands

No. (Note1)	Endorser / Guarantor	Endorsee/Guarantee	Endorsee/Guarantee	Ceiling limit on endorsements and guarantees for a single entity (Note 3)	Maximum balance of endorsements and guarantees for the period (Note4)	EndingBalance	Actual Amount Drawn	Amount of Endorsements / Guarantees Collateralized by Property	Ratio of aggregated endorsements and guarantees to net value in the most recent financial statements	Ceiling limit on endorsements and guarantees (Note 3)	Parent providing endorsements and guarantees for subsidiary (Note 5)	(Unless specified otherwise) Subsidiary providing endorsements and guarantees for parent (Note 5) Endorseme nts and guarantees involving Mainland China (Note 5) R e m a r k	(Unless specified otherwise) Subsidiary providing endorsements and guarantees for parent (Note 5) Endorseme nts and guarantees involving Mainland China (Note 5) R e m a r k
		Name of Company	Relationshi p (Note2)
0	Chaintech Technology Corporation	Sitonholy (Tianjin) Technology Co., Ltd.	2	$ 1,226,451	$ 22,725	$ 22,390	$ 22,390	$ -	0.91% $ 1,226,451		Y	N	Y

Note1: Explanations are as follows:

(1) For the issuer, fill in 0.

(2) The investee company is numbered sequentially starting from Arabic number 1 according to the company type.

Note2: The relationships between endorsers/guarantors and endorsees/guarantees are categorized into the following 6 types. Please specify the type.

(1) Companies with which the Company conducts business.

(2) Subsidiaries in which the Group directly holds more than 50% of their common shares;

(3) Investee companies in which the Company and its subsidiaries collectively hold more than 50% of their common shares;

(4) The parent company which holds, directly or indirectly through a subsidiary, more than 50% of its outstanding common shares;

(5) Companies in same type of business and providing mutual endorsements/guarantees in favor of each other in accordance with the contractual obligations in order to fulfill the needs of the construction project.

(6) Shareholders making endorsements/guarantees for their mutually invested company in proportion to their shareholding ratio. Note3: The ceiling limit on endorsements and guarantees provided by the Company, on endorsements and guarantees for a single enterprise, and on endorsements and guarantees provided by the Company and its subsidiaries should be 50% of the net value in the most recent financial statements respectively.

Note4: The maximum balance of endorsement/guarantee provided to others in the current year.

Note5: Fill in Y if a listed parent company provides endorsements/guarantees for its subsidiary or if a subsidiary provides endorsements/guarantees for its listed parent company or if endorsements/guarantees involve mainland China.

Table 2, page 1

Chaintech Technology Corp. and its Subsidiaries

Marketable Securities Held at the End of the Period (excluding Subsidiaries, Associates, and Joint Ventures) December 31, 2024

Table 3

Unit: NT$ thousands (Unless specified otherwise)

SecuritiesHolding Company	Type and Name ofSecurities	Relationship with IssuerofSecurities	Ledger Account		EndingBalance	EndingBalance		Remark
				Number of Shares	Carrying amount	Percentage of Ownership	Fairvalue
Chaintech Technology Corporation Chaintech Technology Corporation Baotou Yihui Information Technology Co., Ltd.	Stocks_APAQ Technology Co., Ltd. Stocks_CloudMile Co., Ltd. (Cayman Islands) China Zheshang Bank Sheng Xin Ying No. B-1 RMB-denominated product	- - -	Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through profit or loss - current	17,000 510,204 -	$ 2,524 51,505 20,151	0.00% 1.70% -	$ 2,524 51,505 20,151	- - -

Table 3, page 1

Chaintech Technology Corp. and its Subsidiaries

Accumulated purchase or disposal of the same securities amount reaching NT$300 million or 20% of the paid-in capital

For the Year Ended December 31, 2024

Table 4 Company Name	Type and Name of Securities (Note 1)	Ledger Account	Counterparty (Note 2)	Relationship (Note 2)	Beginning of Period	Beginning of Period	Purchase (Note 3) (Note 4)	Purchase (Note 3) (Note 4)		Sale			Unit: NT$ thousands (Unless specified otherwise) Ending Balance	Unit: NT$ thousands (Unless specified otherwise) Ending Balance
					Number of Shares	Amount	Number of Shares	Amount	Number of Shares	Selling Price	Carrying Cost	Gains (Losses) on Disposal	Number of Shares	Amount
Chaintech Technology Corporation APAQ Technology Co., Ltd. Investments in equity instruments at fair value through other comprehensive income - non- current - - 3,050,000 $ 211,975 - $ - 3,033,000 $ 373,178 ($ 168,689) $ 204,489 17,000 $ 2,524 Note1: Marketable securities in the table refer to stocks, bonds, beneficiary certificates and other related derivative securities. Note2: Investors who account for securities using the equity method are required to complete the two specified columns; all other columns may be left blank. Note3: The cumulative amounts of purchases and sales should be calculated separately at market value to determine whether they reach NT$300 million or 20% of the paid-in capital. Note4: The purchase price is subject to consideration. Note5: For "Investments in Equity Instruments Measured at Fair Value through Other Comprehensive Income - Non-current" account items, gains and losses from disposals are directly reclassified from other comprehensive income to retained earnings.

Table 4, page 1

Chaintech Technology Corp. and its Subsidiaries

Purchases and Sales with Related Parties Reaching NT$100 Million or 20% of Paid-in Capital or More

For the Year Ended December 31, 2024

Table 5 Company	Counterparty	Relationship		TransactionSituation	TransactionSituation		Unusual Transaction Terms andReasons	Unusual Transaction Terms andReasons	Unit: NT$ thousands (Unless specified otherwise) Ratio of notes and accounts receivable (payable) Remark Balance to total notes and accounts receivable (payable)	Unit: NT$ thousands (Unless specified otherwise) Ratio of notes and accounts receivable (payable) Remark Balance to total notes and accounts receivable (payable)	Unit: NT$ thousands (Unless specified otherwise) Ratio of notes and accounts receivable (payable) Remark Balance to total notes and accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	CreditPeriod	Unit price	CreditPeriod	Balance	to total notes and accounts receivable (payable)
Chaintech Technology Corporation Chaintech Technology Corporation	Colorful Technology Co.,Ltd. Hong Kong Colorful Yugong Technology Limited	100% reinvestment business by Colorful Group The same person in charge as the Colorful Group	Sales Purchase of goods	$ 1,648,450 829,536	28% 15%	OA 45~125 days OA 30 days or end of month 60 days	N/A N/A	N/A N/A	$ 545,544 82,580	53.87% 12.88%	- -

Table 5, page 1

Chaintech Technology Corp. and its Subsidiaries

Receivables from Related Parties Reaching NT$100 Million or 20% of Paid-in Capital or More

December 31, 2024

Table 6 Company	Counterparty	Relationship	Balance of receivables from related parties	Turnover rate	Overduereceivablesfrom related parties	Overduereceivablesfrom related parties	Unit: NT$ thousands (Unless specified otherwise) Receivables from related parties recoverable after period Allowances for losses	Unit: NT$ thousands (Unless specified otherwise) Receivables from related parties recoverable after period Allowances for losses
					Amount	Handling method
Chaintech Technology Corporation	Colorful Technology Co.,Ltd.	100% reinvestment business by Colorful Group	Accounts receivable $ 545,544	2.84	$ -	$ -	$ 240,374	($ 219)

Table 6, page 1

Chaintech Technology Corp. and its Subsidiaries

Parent-subsidiary and Subsidiary-subsidiary Business Relations and Significant Transactions and Amounts Thereof

For the Year Ended December 31, 2024

Table 7

Unit: NT$ thousands

(Unless specified otherwise)

No. (Note1)	Company	Counterparty	Relationship with counterparty (Note2)		Description of Transactions	Description of Transactions
				Ledger Account	Amount	Transaction Term	Percentage of consolidated total revenue ortotalassets
0 0 1 2 3 4	Chaintech Technology Corporation Chaintech Technology Corporation Beijing Sitonholy Technology Co., Ltd. Sitonholy (Shenzhen) Technology Co., Ltd. Sitonholy (Tianjin) Technology Co., Ltd. Sitonholy (Tianjin) Technology Co., Ltd.	Shenzhen Jinghong Digital R&D Service Co., Ltd. Shenzhen Jinghong Digital R&D Service Co., Ltd. Sitonholy (Tianjin) Technology Co., Ltd. Sitonholy (Tianjin) Technology Co., Ltd. Beijing Sitonholy Technology Co., Ltd. Baotou Yihui Information Technology Co., Ltd.	Parent company to a subsidiary Parent company to a subsidiary Subsidiaries to subsidiaries Subsidiaries to subsidiaries Subsidiaries to subsidiaries Subsidiaries to subsidiaries	Operating expenses Other payables Labor revenue Labor revenue Sales revenue Sales revenue	$ 9,347 2,394 102,028 12,584 12,318 47,361	Agreed by both parties Agreed by both parties Agreed by both parties Agreed by both parties Agreed by both parties Agreed by both parties	0.16% 0.06% 1.72% 0.21% 0.21% 0.80%

Note1: Information of business contacts between the parent company and subsidiaries shall be specified in No. column. Please fill in the No. column following the instruction: (1) For the parent company, fill in 0.

(2) Subsidiaries are sorted in a numerical order starting from 1. Note2: Regarding the percentage of transaction amount to consolidated total revenue or total assets, it is calculated based on the ending balance to consolidated total assets for balance sheet items; it is calculated based on interim accumulated amount to consolidated net revenue for profit or loss items.

Note3: Transactions that do not exceed NT$2 million will remain undisclosed. Furthermore, income will serve as the basis for disclosure, and related transactions will not be disclosed further.

Table 7, page 1

Chaintech Technology Corp. and its Subsidiaries

Information on Investees (Not Including Investees in Mainland China)

For the Year Ended December 31, 2024

Table 8 Name of Investor	Name of Investee	Location	Main Business Activities	Initial Investment Amount	Initial Investment Amount	Ending Balance	Ending Balance	Ending Balance	Profit (Loss) of Investee for the Period	Unit: NT$ thousands (Unless specified otherwise) Gain (loss) on investment for the period Remark	Unit: NT$ thousands (Unless specified otherwise) Gain (loss) on investment for the period Remark
				Ending Balance for the Current Period	December 31, 2019	Number of Shares	Percentage	Carrying amount
Chaintech Technology Corporation	uSenlight Corporation	Republic of China	Electronics, computers, and peripherals	$ 150,000	$ 150,000	1,250,000	6.13%	$ -	$ -	$ -	Note 1

Note1: uSenlight Corporation held a board resolution on April 7, 2022 and passed a dissolution proposal for the company. It was established that April 26, 2022 would be the dissolution date, and the dissolution registration was made on May 20, 2022. The assets were publicly auctioned on November 16, 2022, as notified by the court. The Company is currently undergoing dissolution procedures.

Table 8, page 1

Chaintech Technology Corp. and its Subsidiaries

Information on Investments in Mainland China - Basic Information

For the Year Ended December 31, 2024

Table 9 Investee Company	Main Business Activities	Paid-in Capital	Investment Methods (Note 1)	Accumulated Amount of Investments Remitted from Taiwan at Beginning of Period	Amount of Investments Remitted or Repatriated for the Period	Amount of Investments Remitted or Repatriated for the Period	Accumulate d Amount of Investments Remitted from Taiwan at End of Period	Profit (Loss) of Investee for the Period	Percentage of ownership (direct or indirect)	Gain (loss) on investment for the period (Note 2)	Unit: NT$ thousands (Unless specified otherwise) Carrying Amount of Investments at End of Period Accumulat ed Investment Income Repatriated at End of Period Remark	Unit: NT$ thousands (Unless specified otherwise) Carrying Amount of Investments at End of Period Accumulat ed Investment Income Repatriated at End of Period Remark	Unit: NT$ thousands (Unless specified otherwise) Carrying Amount of Investments at End of Period Accumulat ed Investment Income Repatriated at End of Period Remark
					Remitted	Repatriated
Shenzhen Jinghong Digital R&D Service Co., Ltd. Technology research and development and trading of electronic products, computer hardware, and peripheral devices Sitonholy (Tianjin) Technology Co., Ltd. Wholesale of electronic products, communication products, household appliances, office supplies, computer hardware and software and related spare parts Beijing Sitonholy Technology Co., Ltd. Wholesale of electronic products, communication products, household appliances, office supplies, computer hardware and software and related spare parts Baotou Yihui Information Technology Co., Ltd. Electronic products, communication products, computer software and hardware, data processing, storage and support services Sitonholy (Shenzhen) Technology Co., Ltd. Wholesale of electronic products, communication products, household appliances, office supplies, computer hardware and software and related spare parts		$ 499,065 110,630 36,824 50,643 13,160	1 3 3 3 3	$ 499,065 - - - -	$ - - - - -	$ - - - - -	$ 499,065 - - - -	$ 45,845 87,345 ( 1,602) 13,237 1,960	100 51 51 51 51	$ 45,845 44,546 ( 817) 6,751 1,000	$ 742,694 603,891 19,827 32,845 6,998	$ - - - - -	- - - - -

Note1: The method of investment in Mainland China includes the three following types: (1) Direct investment;

(2) Investment in Mainland China through a company set up in a third area; or

(3) Other methods: Investment in Mainland China through an reinvestment in Mainland China. Note2: The valuation is recognized in the financial statements audited by the CPAs of the parent company in Taiwan.

Table 9, page 1

Name ofCompany	Accumulated investment amount remitted from Taiwan to Mainland China at end ofperiod	Investment amount authorized by Investment Commission, M.O.E.A.	Ceiling on investment in Mainland China regulated by Investment Commission, M.O.E.A.
Chaintech Technology Corporation	$ 499,065	$ 544,794	$ 1,710,145

Note3: The Group's investment in Shenzhen Jinghong Digital R&D Service Co., Ltd., which was approved by the Investment Commission, Ministry of Economic Affairs on November 26, 2015, at a total amount of US$5 million, was remitted in full. Note4: The Group's increase in capital of Shenzhen Jinghong Digital R&D Service Co., Ltd. by US$6.4 million, which was approved by the Investment Commission, Ministry of Economic Affairs on February 1, 2019, was remitted in full.

Table 9, page 2

Table 9, page 3

Chaintech Technology Corp. and its Subsidiaries Information on Major Shareholders

December 31, 2024

Table 10

Name of Major Shareholders	Shareholding
	Number of shares	Percentage of Ownership
Yeland International Development Ltd.	24,517,000	25.40%

• Note1: Information on major shareholders listed above is based on the information on shareholders holding more than 5% of the ordinary shares and preferred shares that have completed non-physical registration and delivery on the last business day of each quarter as calculated by the Taiwan Depository & Clearing Corporation. In addition, share capital stated in the financial statements may vary from the actual number of traded shares with the completion of non-physical registration due to different calculation bases.

• Note2: If a shareholder delivers its shareholding information to the trust, the aforesaid information shall be disclosed by the individual trustee who opened the trust account. For the shareholders' declaration of insiders holding more than 10% of the shares in accordance with the Securities and Exchange Act, the number of share held includes the shares held by the shareholders plus the shares delivered to the trust and having the right to decide on the use of trust property. For information on the declaration of insider equity, please refer to the Market Observation Post System.

Table 10, page 1