CHUN YU — Investor Presentation 2021

Nov 29, 2021

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CHUN YU WORKS & CO.,LTD

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Disclaimer

This presentation and release contain “forward-looking statements” which may include projections of future results of operations, financial condition or business prospects based on our own information and other sources. Our actual results of operations, financial condition or business prospects may differ from those expressed or implied in these forward-looking statements for a variety of reasons, including but not limited to market demand, price fluctuations, competition, international economic conditions, supply chain issues, exchange rate fluctuations and other risks and factors beyond our control. The forward-looking statements in this release reflect the current belief of CHUN YU WORKS & CO.,LTD as of the date of this release. CHUN YU WORKS & CO.,LTD undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date.

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Contents
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Company Overview Business Operation Financial Status The Growth and Advancement of Chun Yu Group Development of Chun Yu Group Q & A

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Company Overview

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Company Profile

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Founded 1 9 4 9 / 1 2 L i s t i n g 1 9 9 1 / 1 0 / 1 7 C a p i t a l NT$ 2.878 Billions Chairman Mr. Huei- Jeng Lin C E O Mr. Tung-Sen Tsai Employee Over 2,000 Plant Area Taiwan:185,000m[2] China 200,000m[2]

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Group Business
Chun Yu Group
Wire and Fastener
Bolt and nut former Metal Injection Molding
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Chun PT. Chun Chun
Yu Chun Zu
Yu
Moon Yu Machinery
Lion
Works
Shanghai Uchee
Bio-tech
Chun Zu Chun Bang Precision
(U.S.A) Shanghai
Dongguan
Machinery
Chun Yu Works & Co., Ltd
Indonesia.
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Major Products

Annealed Wire

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Screws Au tomotive
Fa sten er s
Colla ted S crews Bolts & N u ts
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Major Products

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S t r u c t u r a l J o i n t s

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Ra il Fa sten in g Compon en ts 8

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Production Process

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Raw Intermediate
Annealing Pickling Skin Pass
Material Drawing
包裝
Prototyping
shipment
Surface Heat
Sorting Threading
Treatment Treatment Heading
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Industry performance and status

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Chun yu Company's product quality and functions are trusted by customers at home and abroad, making it the No. 1 market share in Taiwan's construction steel structure market. Chun yu Company's products are used in Taipei 101 Building, technology factory, Pingtung Inclined Bridge, Taiwan High Speed Rail, MRT, as well as foreign nuclear power plants and large stadiums.

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System Certification

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• Quality Control System

• ISO 9001

• AS/EN/JISQ

• IATF 16949

• IRIS

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 Product

• TUV

• JIS B 1176/1180

• FPC

• EN 13918/14399/14566/14592/15048

• Laboratory management system

• A2LA

• Environmental Security System

• ISO 14001

• OHSAS 18001

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Business Operation

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China–United States trade war COVID-19

Source: Customs Import and Export Statistics

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Increase in U.S. New House Construction

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201801 201807 201901 201907 202001 202007 202101 202107 202110
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Annual Growth Of Index Number Of Building Industry Production In Euro Zone

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201801 201807 201901 201907 202001 202007 202101 202107 202110
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Steel Demand and Future Business Opportunities for Fasteners

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• Short term:

• Inventory depletion slows down due to port congestion and high freight rates.

• The short-term expansion of the European and American housing market is suspended.

• Long term:

• Supply side: carbon neutralization → rising steel manufacturing costs

• Demand side:

• The demand for infrastructure construction in various countries will rebound after the end of port congestion and inventory digestion.

• The EU imposes anti-dumping duties on fasteners from mainland China, which is beneficial for Taiwanese fastener manufacturers to sell to Europe.

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Financial status

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Each company's revenue distribution

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2018-2021Q3 Financial Status

	2018 2019 2020 2021Q3 Amount ％ Amount ％ Amount ％ Amount ％ 9,839,602 100.00 9,333,591 100.00 8,054,615 100.00 8,530,480 100.00 1,694,646 17.22 1,500,379 16.08 1,149,281 14.27 1,527,006 17.90 696,271 7.08 595,666 6.38 350,461 4.35 793,631 9.30 (55,336) (0.56) (16,937) (0.18) (4,496) (0.06) 62,118 0.73 565,571 5.74 533,743 5.72 263,036 3.27 688,356 8.07 1.74 1.60 0.75 2.25 ~~Unit：thousand N~~TD	2018 2019 2020 2021Q3 Amount ％ Amount ％ Amount ％ Amount ％ 9,839,602 100.00 9,333,591 100.00 8,054,615 100.00 8,530,480 100.00 1,694,646 17.22 1,500,379 16.08 1,149,281 14.27 1,527,006 17.90 696,271 7.08 595,666 6.38 350,461 4.35 793,631 9.30 (55,336) (0.56) (16,937) (0.18) (4,496) (0.06) 62,118 0.73 565,571 5.74 533,743 5.72 263,036 3.27 688,356 8.07 1.74 1.60 0.75 2.25 ~~Unit：thousand N~~TD	2018 2019 2020 2021Q3 Amount ％ Amount ％ Amount ％ Amount ％ 9,839,602 100.00 9,333,591 100.00 8,054,615 100.00 8,530,480 100.00 1,694,646 17.22 1,500,379 16.08 1,149,281 14.27 1,527,006 17.90 696,271 7.08 595,666 6.38 350,461 4.35 793,631 9.30 (55,336) (0.56) (16,937) (0.18) (4,496) (0.06) 62,118 0.73 565,571 5.74 533,743 5.72 263,036 3.27 688,356 8.07 1.74 1.60 0.75 2.25 ~~Unit：thousand N~~TD	2018 2019 2020 2021Q3 Amount ％ Amount ％ Amount ％ Amount ％ 9,839,602 100.00 9,333,591 100.00 8,054,615 100.00 8,530,480 100.00 1,694,646 17.22 1,500,379 16.08 1,149,281 14.27 1,527,006 17.90 696,271 7.08 595,666 6.38 350,461 4.35 793,631 9.30 (55,336) (0.56) (16,937) (0.18) (4,496) (0.06) 62,118 0.73 565,571 5.74 533,743 5.72 263,036 3.27 688,356 8.07 1.74 1.60 0.75 2.25 ~~Unit：thousand N~~TD	2018 2019 2020 2021Q3 Amount ％ Amount ％ Amount ％ Amount ％ 9,839,602 100.00 9,333,591 100.00 8,054,615 100.00 8,530,480 100.00 1,694,646 17.22 1,500,379 16.08 1,149,281 14.27 1,527,006 17.90 696,271 7.08 595,666 6.38 350,461 4.35 793,631 9.30 (55,336) (0.56) (16,937) (0.18) (4,496) (0.06) 62,118 0.73 565,571 5.74 533,743 5.72 263,036 3.27 688,356 8.07 1.74 1.60 0.75 2.25 ~~Unit：thousand N~~TD	2018 2019 2020 2021Q3 Amount ％ Amount ％ Amount ％ Amount ％ 9,839,602 100.00 9,333,591 100.00 8,054,615 100.00 8,530,480 100.00 1,694,646 17.22 1,500,379 16.08 1,149,281 14.27 1,527,006 17.90 696,271 7.08 595,666 6.38 350,461 4.35 793,631 9.30 (55,336) (0.56) (16,937) (0.18) (4,496) (0.06) 62,118 0.73 565,571 5.74 533,743 5.72 263,036 3.27 688,356 8.07 1.74 1.60 0.75 2.25 ~~Unit：thousand N~~TD	2018 2019 2020 2021Q3 Amount ％ Amount ％ Amount ％ Amount ％ 9,839,602 100.00 9,333,591 100.00 8,054,615 100.00 8,530,480 100.00 1,694,646 17.22 1,500,379 16.08 1,149,281 14.27 1,527,006 17.90 696,271 7.08 595,666 6.38 350,461 4.35 793,631 9.30 (55,336) (0.56) (16,937) (0.18) (4,496) (0.06) 62,118 0.73 565,571 5.74 533,743 5.72 263,036 3.27 688,356 8.07 1.74 1.60 0.75 2.25 ~~Unit：thousand N~~TD	2018 2019 2020 2021Q3 Amount ％ Amount ％ Amount ％ Amount ％ 9,839,602 100.00 9,333,591 100.00 8,054,615 100.00 8,530,480 100.00 1,694,646 17.22 1,500,379 16.08 1,149,281 14.27 1,527,006 17.90 696,271 7.08 595,666 6.38 350,461 4.35 793,631 9.30 (55,336) (0.56) (16,937) (0.18) (4,496) (0.06) 62,118 0.73 565,571 5.74 533,743 5.72 263,036 3.27 688,356 8.07 1.74 1.60 0.75 2.25 ~~Unit：thousand N~~TD	2018 2019 2020 2021Q3 Amount ％ Amount ％ Amount ％ Amount ％ 9,839,602 100.00 9,333,591 100.00 8,054,615 100.00 8,530,480 100.00 1,694,646 17.22 1,500,379 16.08 1,149,281 14.27 1,527,006 17.90 696,271 7.08 595,666 6.38 350,461 4.35 793,631 9.30 (55,336) (0.56) (16,937) (0.18) (4,496) (0.06) 62,118 0.73 565,571 5.74 533,743 5.72 263,036 3.27 688,356 8.07 1.74 1.60 0.75 2.25 ~~Unit：thousand N~~TD
Year Item	2018		2019		2020		2021Q3 ~~nt：tousan~~
	Amount	％	Amount	％	Amount	％	Amount	％
Revenue	9,839,602	100.00	9,333,591	100.00	8,054,615	100.00	8,530,480	100.00
Gross Profit	1,694,646	17.22	1,500,379	16.08	1,149,281	14.27	1,527,006	17.90
Operating Expense	696,271	7.08	595,666	6.38	350,461	4.35	793,631	9.30
Non Operating Expenses	(55,336)	(0.56)	(16,937)	(0.18)	(4,496)	(0.06)	62,118	0.73
Profit before Tax	565,571	5.74	533,743	5.72	263,036	3.27	688,356	8.07
EPS	1.74		1.60		0.75		2.25

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The Growth and Advancement of Chun Yu Group

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Chun Yu Group’s Performance

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: Up to 2021 Q3, Chun Yu Works & Co., Ltd., PT. Moonlion Industries Indonesia, Chun Yu Dongguan, American Chun Yu and Chun Yu Bio-tech made a record-high profit

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Chun Zu Machinery Co., Ltd. Shanghai Chun Zu Machinery
Chun Yu Dongguan
Second-generation machines, Integration of the mainland
Multiplication plan and
intelligent manufacturing, and market and between the parent
integration with Youju
integration between parent and subsidiary companies
Dongguan for the
mainland market and subsidiary companies
C h u n Y u W o r k s &
PT. Moonlion Industries
American Chun Yu C o . , L t d .
- Indonesia
The world's leading manufacturer of high
Multiplication plan and end fasteners
Planned production, 7/11
integration with Youju The world's leading manufacturer of
Dongguan for the US market construction fasteners supply chain, IPO and
multiplication plan
A leading manufacturer of the whole
industry supply chain
Shanghai Youju Chun Yu Bio-tech Chun Bang Precision Co., Ltd.
Electric vehicle fasteners, MIM product focus and integration Mold supply, independent
integration with Dongguan of group powder technology technology R&D and value
Youju and multiplication plan creation
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Chun Yu Group’s Performance

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Chun Yu’s EPS Over the Years (NTD)

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2.5
2.26
Chun Yu’s EPS has been increasing year by year since the establishment
2 of Taiwan Steel Group in 2013
1.74
1.6
1.5
0.95
1 0.88
0.75
0.54 0.53 0.56
0.5
0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1-
-0.5
Q3
-0.73
-1 Taiwan Steel Group The pandemic
Taiwan Steel Group
led the operation
participated in the operation
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Performance Growth of Chun Yu Group

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Comparison of Profit Between Chun Yu and Benchmark
Competitors
14
12
10
8
6
4
2
0
87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110
-2
-4
2021 estimate
-6
(=H1×2)
-8
-10
-12 Bench-mark Chun
標竿 春雨 Yu
-14
Profit (NTD 100 million)
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Reduce Costs and Increase Profits

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NTD1000
Operating income Operating expenses Net profit after tax
Taiwan Steel Group participated in the operation Taiwan Steel Group led the operation
Operating income
Operating expenses and net profit
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Taiwan Steel Group participated in the operation

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Allotment of dividends for 9 consecutive years

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Dividend per share Earnings distribution rate
Taiwan Steel Group Taiwan Steel Group
participated in the led the operation
operation
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Strengthen the financial structure

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Long-term borrowings (including Total liabilities Ratio of long-term borrowings to liabilities those due in 1 year)

Taiwan Steel Group participated in the operation

Taiwan Steel Group led the operation

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Improve asset utilization efficiency

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Long-term borrowings (including Pledge of fixed assets those due in 1 year)

Ratio of long-term borrowings to pledge of fixed assets

Taiwan Steel Group participated in the operation

Taiwan Steel Group led the operation

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Simplify Investment Structure to Improve Management Efficiency

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INVESTMENT STRUCTURE (2017)

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Simplify Investment Structure to Improve Management Efficiency

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INVESTMENT STRUCTURE (2019)

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Actively Realize Investment Losses and Obtain Tax Deduction Rights

Year Explanation 2017 Realized Scholar's operating loss of USD18 million. Disposed of the loss-making Chun Yu Anshan and realized an 2018 investment loss of USD7.29 million. Realized the loss of USD26.5 million from Scholar's investment 2019 in Chun Yu Dongguan. A total of USD51.79 million in taxable losses, or approximately NT$1.5 billion, which can be used to offset the profit-seeking business income tax of Taiwan Chun Yu for more than 5 years.

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Performance Growth of Chun Yu Group Chun Yu’s Historical Stock Price The stock price grew 2.5 times from NTD12 in 2013 to NTD30 in 2021

Daily price line Weekly price line Monthly price line Chun Yu Month TAIEX Opening=29.10 High=33.75 Low:28.90 Ending=30.80 + 2.00 (+6.94%)

Not applicable

Charts provided by TradingView

Taiwan Steel Group led the operation

Taiwan Steel Group participated in the operation

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Development of Chun Yu Group

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TSG Taiwan Steel Group

4 10 7 ‧E-Top Metal Co., Ltd. ‧ Chun Yu Works & Co.,Ltd ‧Gloria Material Technology ‧E-Sheng Steel Co., Ltd. ‧Chun Yu Works(U.S.A) ‧Golden Win Steel Industrial ‧OFCO Industrial ‧Chun Yu Dongguan Corp.(Taiwa) Corporation. ‧PT.Moon Lion Indonesia. ‧Golden Win Steel Industrial ‧TMP Steel Corporation ‧Chun Zu Machinery Corp.(Vietnam) ‧ Shanghai Chun Zu Machinery ‧Goldway Special Metal(China) ‧ Shanghai Uchee ‧S-Tech Corp. ‧Chun Bang precision ‧Homkom Precision Industry ‧Chun Yu Bio-tech Corp. . Chun Yu Investme ‧Alloy Tool Steel (U.S.A）

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Alloy refinement Base material casting refinementSecondary processingForming Midstream industries Downstream industries Products Industrial application
Continuous
Electric stove140T EAF Barrel refining furnace LHF casting Rebar rolling Rebar processing Rebar for construction Construction industry
CC
Peibo
Yi Sheng/Chingshinshin Section steel Livelihood/Industry
Chingshinshin Steel
Continuous Section steel rolling
50T EAF
Electric stove castingCC Angle steel/channel steel/Flat steel/round bar Fastener ScrewNutBolt MachineryRailwayWind power
forming Wire Automobile
Yisheng Steel Yi Sheng Chun Yu Works & All kinds of fasteners... Aerospace...
Co., Ltd.
OFCO Industrial Corp.
Bottom
pouring Coil rolling Wire/bar
Barrel refining LHF Ingot Metal injection Metal injection parts… Biomedicine/hand tool/bicycle…
35T EAFElectric Vacuum oxygen blowing decarburization VOD Quintain Steel Chun Yu Works & molding
stove Vacuum degassing VD Bottom (strategic alliance) Co., Ltd. Chun Yu Bio-tech Die core, punch... Tooling industry...
pouring Vacuum arc
Electrode refining VAR
Fastener manufacturing
Shanghai Chun Zu equipment Fastener production machinery Fastener Machine Manufacturing
Argon blowing oxygen Vertical Machinery Industry
decarburization AOD casting
Intelligent Barrel refining LHF VCM Electroslag Blank determination/
50T EAF press forging
Vacuum oxygen blowing remelting and Long alloy products: 3 series
Electric stove Vacuum degassing VDdecarburization VOD and fixed speedFixed position Casting ATS refining ESR Four-sided precision heat treatment/forging/rolling/finishing Closed die machiningPrecision forging stainless steel, 4 series stainless steel, 6 series stainless steel, cold-work tool steel, hot-work tool steel, AerospaceEnergyOil, gas and water
Gloria Material plastic-mold steel, high-speed Tooling
Gloria Material Technology Corp. (Iron based) Technology Corp. S-Tech Corp. steel, iron-based super alloy Biomedical equipment...
and high-strength low-alloy
steel
Vacuum arc
Vacuum induction pouring electrode rodVacuum top refining
melting VAR
12T/8T VIM
pouring bar stickVacuum top Ni-based superalloy/titanium alloy… powder high-speed Aerospace/oil and gas/biomedical colonization...
steel… Tooling/tool industry/roller..
Precision casting base Automobile turbo engine
material Forging industry, industrial
Fine steel (nickel based)
Super alloy electrode welding...
alloy steel
Carbon steel and
High-performance alloy
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Metal injection powder Metal Injection Industry (MIM) 3D printing powder 3D multilayer manufacturing (AMM)

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Chun Yu Group Integration

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Chun Yu Dongguan Shanghai Uchee China
USA
Chun Zu
Chun Yu Works U.S.A
Global service based
Eurasian consistent operation
fastener factory
PT.Moon Lion Indonesia
Southeast Asia
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The only fastener manufacturer in Taiwan with a
consistent operation
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THANK YOU FOR LISTENING

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