CLEVO CO. — Audit Report / Information 2021

Dec 29, 2021

CLEVO CO.

PARENT COMPANY ONLY FINANCIAL

STATEMENTS AND INDEPENDENT AUDITORS’

REPORT DECEMBER 31, 2021 AND 2020

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For the convenience of readers and for information purpose only, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chinese-language auditors’ report and financial statements shall prevail.

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CLEVO CO.

DECEMBER 31, 2021 AND 2020 PARENT COMPANY ONLY FINANCIAL

STATEMENTS AND INDEPENDENT AUDITORS’ REPORT

TABLE OF CONTENTS

Contents

Page/Number/Index

1. Cover Page 2. Table of Contents 3. Independent Auditors’ Report 4. Parent Company Only Balance Sheets 5. Parent Company Only Statements of Comprehensive Income 6. Parent Company Only Statements of Changes in Equity 7. Parent Company Only Statements of Cash Flows 8. Notes to the Parent Company Only Financial Statements (1) HISTORY AND ORGANIZATION (2) THE DATE OF AUTHORISATION FOR ISSUANCE OF THE FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORISATION (3) APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS (4) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (5) CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND

1 2 ~ 4 5 ~ 10 11 ~ 12 13 14 15 ~ 16 17 ~ 70 17 17 17 ~ 18 19 ~ 29 29 ~ 30

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Contents Page/Number/Index

	KEY SOURCES OF ASSUMPTION UNCERTAINTY
	(6) DETAILS OF SIGNIFICANT ACCOUNTS	30 ~ 55
	(7) RELATED PARTY TRANSACTIONS	56 ~ 57
	(8) PLEDGED ASSETS	57
	(9) SIGNIFICANT CONTINGENT LIABILITIES AND	57
	UNRECOGNISED CONTRACT COMMITMENTS
	(10) SIGNIFICANT DISASTER LOSS	58
	(11) SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE	58
	(12) Others	58 ~ 69
	(13) SUPPLEMENTARY DISCLOSURES	69 ~ 70
	(14) Segment Information	70
9.	Statements of Major Accounting Items
	DETAILS OF CASH AND CASH EQUIVALENTS	Table 1
	DETAILS OF CURRENT FINANCIAL ASSETS AT FAIR VALUE	Table 2
	THROUGH PROFIT OR LOSS
	DETAILS OF ACCOUNTS RECEIVABLE	Table 3
	DETAILS OF INVENTORIES	Table 4
	MOVEMENT DETAILS OF RECOGNITION OF INVESTMENT UNDER	Table 5
	EQUITY METHOD AND PREPAID INVESTMENT
	DETAILS OF ACCOUNTS PAYABLE	Table 6
	DETAILS OF BONDS PAYABLE	Table 7
	DETAILS OF OPERATING REVENUE	Table 8

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Contents	Page/Number/Index
DETAILS OF OPERATING COST DETAILS OF MANUFACTURING COST DETAILS OF MARKETING COST GENERAL AND ADMINISTRATIVE EXPENSES DETAILS OF RESEARCH AND DEVELOPMENT EXPENSES SUMMARY OF EMPLOYEE BENEFITS, DEPRECIATION, AND AMORTISATION	Table 9 Table 10 Table 11 Table 12 Table 13 Table 14

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INDEPENDENT AUDITORS’ REPORT

To the Board of Directors and Shareholders of Clevo Co.

PWCR21000527

Opinion

We have audited the accompanying parent company only balance sheets of Clevo Co. (the “Company”) as at December 31, 2021 and 2020, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the parent company only financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying parent company only financial statements present fairly, in all material respects, the financial position of the Company as at December 31, 2021 and 2020, and its financial performance and its cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Basis for opinion

We conducted our audit in accordance with the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and generally accepted auditing standards in the Republic of China. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the Parent Company Only Financial Statements section of our report. We are independent of the Company in accordance with the Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the parent company only financial statements of the current period. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

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Refer to Note 6(5) for the subsidiaries held by the Company as of December 31, 2021. As the financial position and financial performance of those subsidiaries were material to the Company’s parent company only financial statements, their key audit matters - Valuation of inventories and Valuation of investment properties were included in the Company’s key audit matters.

Key audit matters for the Company’s 2021 parent company only financial statements are stated as follows:

Investments accounted for using equity method -valuation of investment properties

Description

Refer to Note 4(13) for Investments accounted for using equity method and note 4(17) for accounting policies on investment properties, Note 5(2) for uncertainty of accounting estimates and assumptions in relation to the fair value measurement of investment properties, and Note 6(5) for details of Investments accounted for using equity method.

The subsidiary of Company’s measures investment properties using the fair value model. The fair value measurement is based on income approach and the discounted cash flow by using estimated future rental income less essential costs, and obtaining the valuation report by appraiser as valuation basis in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

The discount rate and future rental income used as the basis of fair value measurement mentioned above involves future prediction, and the estimated result has a significant impact on fair value measurement. Therefore, we considered the valuation of investment properties as a key audit matter. How our audit addressed the matter

We performed the following audit procedures in respect of the above key audit matter:

1. Examined the analysis period and assumption methods used in the valuation report in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Issuers.

2. Evaluated the reasonableness of rental earnings related to individual investment property, current market rents for similar comparable properties, rental growth rate and industry forecast reports.

3. Evaluated the reasonableness of discount rate used in valuation and capital costs caused by local property environment.

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Valuation of inventories

Description

Refer to Note 4(12) for accounting policy on the valuation of inventories, Note 5(2) for uncertainty of accounting estimations and assumptions in relation to inventory valuation, and Note 6(4) for the details of inventory valuation.

The Company is primarily engaged in manufacturing and sales of notebook computers. Due to rapid technological innovations, short lifespan of electronic products and fluctuations in market prices, there is a higher risk for inventory losses due from market value decline or obsolescence.

The Company recognises inventories at the lower of cost and net realisable value, and the net realisable value is estimated based on the age and the damage of inventory. As the amounts of inventories are material, the types of inventories vary, and the estimation of net realizable value is subject to management’s judgment, we considered the allowance for inventory valuation losses a key audit matter. How our audit addressed the matter

We performed the following procedures in respect of the above key audit matter:

1. Ensured consistent application of accounting policies in relation to allowance for inventory valuation losses and assessed the reasonableness of these policies.

2. Obtained the listings of lower of cost or net realizable value and obsolescence losses amount, selected samples and inspected related supporting documents. Calculated the accuracy and assessed reasonableness of the estimation of net realizable value.

3. Verified information obtained from physical inventory of notebook computers, and inquired with management and relevant staff if the inventory was identified as slow-moving, surplus, obsolete or damaged.

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

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

In preparing the parent company only financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going

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concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

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

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

Our objectives are to obtain reasonable assurance about whether the parent company only financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s 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 ROC GAAS will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these parent company only financial statements.

As part of an audit in accordance with ROC GAAS, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

1. Identify and assess the risks of material misstatement of the parent company only financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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

3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

4. Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the parent company only financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report.

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However, future events or conditions may cause the Company to cease to continue as a going concern.

1. Evaluate the overall presentation, structure and content of the parent company only financial statements, including the disclosures, and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

2. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion

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

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

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the parent company only financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s 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.

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Wu, Han-Chi

[Liang, Hua-Ling ]

For and on Behalf of PricewaterhouseCoopers, Taiwan

May 12, 2022

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

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CLEVO CO.

PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars)

Assets	Notes 6(1) 6(2) 6(3) 6(3) and 7 6(4) 6(5) 6(6) and 8 6(7) 6(9) and 8 6(26) 6(1) and 8	December 31, 2021 AMOUNT % $ 2,013,047 3 1,548,766 3 3,246,471 5 1,864,640 3 414,865 1 66,671 - 79,672 - 9,234,132 15 53,205,183 84 9,892 - 35,452 - - - 4,562 - 35,307 - 17,480 - 1,012,170 1 54,320,046 85 $ 63,554,178 100	December 31, 2020	December 31, 2020
		AMOUNT $ 2,013,047 1,548,766 3,246,471 1,864,640 414,865 66,671 79,672 9,234,132 53,205,183 9,892 35,452 - 4,562 35,307 17,480 1,012,170 54,320,046 $ 63,554,178	AMOUNT $ 3,367,525 959,371 2,064,029 1,440,203 662,079 81,383 101,638 8,676,228 53,438,651 335,258 - 1,921,453 10,385 177,256 5,605 1,030,968 56,919,576 $ 65,595,804	%
Current assets 1100 Cash and cash equivalents 1110 Current financial assets at fair value through profit or loss 1170 Accounts receivable, net 1180 Accounts receivable due from related parties, net 130X Inventory 1410 Prepayments 1479 Other current assets 11XX Current Assets Non-current assets 1550 Investments accounted for under equity method 1600 Property, plant and equipment 1755 Right-of-use assets 1760 Investment property, net 1780 Intangible assets 1840 Deferred tax assets 1920 Refundable deposits 1990 Other non-current assets 15XX Non-current assets 1XXX Total assets				5 2 3 2 1 - -
				13
				81 1 - 3 - - - 2
				87
				100

(Continued)

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CLEVO CO.

PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity

December 31, 2021 December 31, 2020 Notes AMOUNT % AMOUNT % 6(10)(28) $ 3,736,477 6 $ 5,362,000 8 6(2) - - 15,781 - 6(19) 45,890 - 55,386 - 10,124 - 12,029 - 304,129 1 386,786 1 528,017 1 312,061 1 242,620 - - - 6(14) 58,523 - 53,523 - 43,096 - - - 6(12) 1,800,000 3 2,855,714 4 22,167 - 24,696 - 6,791,043 11 9,077,976 14 6(11)(28) 5,000,000 8 5,000,000 7 6(12)(28) 9,750,000 15 10,942,857 17 6(26) 572,806 1 677,443 1 129,801 - - - 104 - 9,492 - - - 8,898 - 15,452,711 24 16,638,690 25 22,243,754 35 25,716,666 39 6(15) 6,497,630 10 6,697,630 10 6(16) 73,478 - 95,864 - 6(17) 1,908,529 3 1,831,206 3 35,684,459 56 36,717,272 57 3,149,950 5 1,118,868 2 6(18) ( 4,628,787) ( 7) ( 4,928,011) ( 8 ) 6(15) ( 1,374,835) ( 2) ( 1,653,691) ( 3 ) 41,310,424 65 39,879,138 61 9 11 $ 63,554,178 100 $ 65,595,804 100

Current liabilities 2100 Short-term borrowings 2120 Current financial liabilities at fair value through profit or loss 2130 Current contract liabilities 2150 Notes payable 2170 Accounts payable 2200 Other payables 2230 Current income tax liabilities 2250 Provisions for liabilities - current 2280 Lease liabilities - current 2320 Long-term liabilities, current portion 2399 Other current liabilities 21XX Current Liabilities Non-current liabilities 2530 Corporate bonds payable 2540 Long-term borrowings 2570 Deferred tax liabilities 2580 Lease liabilities - non-current 2645 Deposits received 2670 Other non-current liabilities 25XX Non-current liabilities 2XXX Total Liabilities Equity Share capital 3110 Common stock Capital surplus 3200 Capital surplus Retained earnings 3310 Legal reserve 3320 Special reserve 3350 Unappropriated retained earnings Other equity interest 3400 Other equity interest 3500 Treasury stocks 3XXX Total equity Significant contingent liabilities and unrecognised contract commitments Significant events after the balance sheet date 3X2X Total liabilities and equity

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

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CLEVO CO.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

Items

Year ended December 31 2021 2020 Notes AMOUNT % AMOUNT % 6(19) $ 22,839,008 100 $ 16,209,091 100 6(4) and 7 ( 20,380,541) ( 89) ( 14,552,181) ( 90) 2,458,467 11 1,656,910 10 4,277 - 2,743 - ( 2,742) - ( 2,713) - 2,460,002 11 1,656,940 10 6(24)(25) ( 192,647) ( 1) ( 176,301) ( 1) ( 422,260) ( 2) ( 336,578) ( 2) ( 632,583) ( 3) ( 547,461) ( 3) 12(2) ( 750) - ( 1,500) - ( 1,248,240) ( 6) ( 1,061,840) ( 6) 1,211,762 5 595,100 4 6(20) 1,115 - 55,458 - 6(21) 128,931 - 135,629 1 6(22) 1,561,387 7 ( 235,258) ( 2) 6(23) ( 279,264) ( 1) ( 382,188) ( 2) ( 548,491) ( 2) 505,227 3 863,678 4 78,868 - 2,075,440 9 673,968 4 6(26) ( 279,090) ( 1) ( 7,024) - $ 1,796,350 8 $ 666,944 4 6(13) $ - - $ 54,574 - 6(26) - - ( 10,915) - - - 43,659 - 6(18) 320,989 1 ( 92,139) - 6(26) ( 843) - 149 - 320,146 1 ( 91,990) - $ 320,146 1 ($ 48,331) - $ 2,116,496 9 $ 618,613 4 6(27) $ 3.03 $ 1.12 6(27) $ 3.00 $ 1.11

4000 Sales revenue 5000 Operating costs 5900 Net operating margin 5910 Unrealized loss from sales 5920 Realized loss on from sales 5950 Net operating margin Operating expenses 6100 Selling expenses 6200 General and administrative expenses 6300 Research and development expenses 6450 Impairment gain and reversal of impairment loss determined in accordance with IFRS 9 6000 Total operating expenses 6900 Operating profit Non-operating income and expenses 7100 Interest income 7010 Other income 7020 Other gains and losses 7050 Finance costs 7070 Share of (loss) profit of associates and joint ventures accounted for using equity method, net 7000 Total non-operating income and expenses 7900 Profit before income tax 7950 Income tax expense 8200 Profit for the year Other comprehensive income Components of other comprehensive income that will not be reclassified to profit or loss 8311 Gains on remeasurements on defined benefit plans 8349 Income tax related to components of other comprehensive income that will not be reclassified to profit or loss 8310 Other comprehensive income that will not be reclassified to profit or loss Components of other comprehensive income that will be reclassified to profit or loss 8361 Financial statements translation differences of foreign operations 8399 Income tax related to the components of other comprehensive income 8360 Other comprehensive income (loss) that will be reclassified to profit or loss 8300 Total other comprehensive income (loss) for the year 8500 Total comprehensive income for the year Earnings per share (in dollars) 9750 Basic earnings per share 9850 Diluted earnings per share

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

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CLEVO CO.

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars)

Year 2020 Balance at January 1, 2020 Profit for the year Other comprehensive income (loss) for the year Total comprehensive income (loss) Appropriations of 2019 earnings Legal reserve Special reserve Reversal of special reserve Capital dividends Adjustment to capital surplus arising from dividends paid to subsidiaries Treasury stock acquired Balance at December 31, 2020 Year 2021 Balance at January 1, 2021 Profit for the year Other comprehensive income for the year Total comprehensive income Appropriations of 2020 earnings Legal reserve Special reserve Cash dividends Treasury stock acquired Treasury stock retired Past due dividends not received by shareholders Adjustment to capital surplus arising from dividends paid to subsidiaries Reversal of special reserve Proceeds from disposal of property, plant and equipment Balance at December 31, 2021	Notes		Share capital - common stock			Capital Reserves						Retained Earnings			Other Equity Interest	Other Equity Interest	Other Equity Interest	Treasury shares		Total equity
				Total capital surplus, additional paid-in capital		Treasury stock transactions		Capital surplus, donated assets received		Legal reserve		Special reserve		Unappropriated retained earnings	Exchange differences on translation of foreign financial statements		Asset revaluation increment
	6(18) 6(17) 6(17) 6(18) 6(17) 6(15) 6(18)	$ 6,697,630 - - - - - - - - - $ 6,697,630 $ 6,697,630 - - - - - - - ( 200,000 ) - - - - $ 6,497,630		$ 306,904 - - - - - - ( 248,906 ) - - $ 57,998 $ 57,998 - - - - - - - ( 1,731 ) - - - - $ 56,267	$ 27,047 - - - - - - - 10,819 - $ 37,866 $ 37,866 - - - - - - - ( 37,866 ) - 16,228 - - $ 16,228			$ - - - - - - - - - - $ - $ - - - - - - - - - 983 - - - $ 983		$ 1,724,342 - - - 106,864 - - - - - $ 1,831,206 $ 1,831,206 - - - 77,323 - - - - - - - - $ 1,908,529	$ 36,131,662 - - - - 993,875 ( 408,265 ) - - - $ 36,717,272 $ 36,717,272 - - - - 507,614 - - - - - ( 1,540,427 ) - $ 35,684,459		$ 1,100,739 666,944 43,659 710,603 ( 106,864 ) ( 993,875 ) 408,265 - - - $ 1,118,868 $ 1,118,868 1,796,350 - 1,796,350 ( 77,323 ) ( 507,614 ) ( 373,358 ) - ( 368,322 ) - - 1,561,349 - $ 3,149,950		($ 4,856,943 ) - ( 91,990 ) ( 91,990 ) - - - - - - ($ 4,948,933 ) ($ 4,948,933 ) - 320,146 320,146 - - - - - - - - - ($ 4,628,787 )	$ 20,922 - - - - - - - - - $ 20,922 $ 20,922 - - - - - - - - - - - ( 20,922 ) $ -		($ 1,357,042 ) - - - - - - - - ( 296,649 ) ($ 1,653,691 ) ($ 1,653,691 ) - - - - - - ( 329,063 ) 607,919 - - - - ($ 1,374,835 )	$ 39,795,261 666,944 ( 48,331 ) 618,613 - - - ( 248,906 ) 10,819 ( 296,649 ) $ 39,879,138 $ 39,879,138 1,796,350 320,146 2,116,496 - - ( 373,358 ) ( 329,063 ) - 983 16,228 20,922 ( 20,922 ) $ 41,310,424

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

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CLEVO CO.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax Adjustments Adjustments to reconcile profit (loss) Depreciation Depreciation of right-of-use assets Amortisation Expected credit loss Net gain on financial assets measured at fair value through profit or loss Interest expense Interest income Dividend income Share of loss (profit) of associates and joint ventures accounted for under the equity method Gain arising from transfer of right in sale and lease- back transaction Loss on disposal of investments Gain on disposal of investment property Gain on adjustments of investment properties at fair value Changes in operating assets and liabilities Changes in operating assets Financial assets measured at fair value through profit or loss Accounts receivable, net Inventories Prepayments Other current assets Changes in operating liabilities Increase (decrease) in contract liabilities Notes payable Accounts payable Other payables Provisions for liabilities - current Other current liabilities Other non-current liabilities Cash outflow generated from operations Interest received Dividends received Cash dividend accounted for under equity method Income taxes paid Interest paid Net cash flows used in operating activities

YearendedDecember 31 Notes 2021 2020 $ 2,075,440 $ 673,968 6(6)(24) 11,797 12,359 6(7)(24) 754 - 6(24) 7,046 7,603 12(2) 750 1,500 6(22) ( 47,714 ) ( 88,443 ) 6(23) 279,264 382,188 6(20) ( 1,115 ) ( 55,458 ) 6(21) ( 33,711 ) ( 30,194 ) 6(5) 548,491 ( 505,227 ) 6(6)(22) ( 1,080,862 ) - 6(22) 4,717 95,088 6(22) ( 222,594 ) - 6(9)(22) ( 301,698 ) ( 342,072 ) ( 562,180 ) ( 345,192 ) ( 1,607,629 ) ( 406,528 ) 247,214 ( 312,714 ) 14,712 32,122 1,603 75,034 ( 9,496 ) 21,026 ( 1,905 ) ( 822 ) ( 82,657 ) 298,253 214,852 ( 36,206 ) 5,000 3,000 ( 2,530 ) 3,344 ( 8,898 ) ( 8,613 ) ( 551,349 ) ( 525,984 ) 1,115 65,703 33,711 30,194 23,728 31,807 20,363 ( 2,352 ) ( 279,281 ) ( 386,876 ) ( 751,713 ) ( 787,508 )

(Continued)

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CLEVO CO.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from disposal of property, plant and equipment and investment property Acquisition of property, plant and equipment (Increase) decrease in refundable deposits Acquisition of intangible assets Decrease in other receivables Decrease in other non-current assets Decrease in restricted cash- non-current Net cash flows from investing activities CASH FLOWS FROM FINANCING ACTIVITIES Increase in short-term borrowings Decrease in short-term borrowings Increase in long-term borrowings Repayments of long-term borrowings Decrease in guarantee deposit Payments of lease liabilities Decrease in other payables - related parties Decrease in long-term payables - related parties Cash dividends paid Acquisition of treasury stock Repayments of corporate bonds Financing activities for investee accounted for under equity method Past due dividends not received by shareholders Proceeds from capital reduction of investments accounted for under equity method Net cash flows used in financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year

YearendedDecember 31 Notes 2021 2020 6(9) $ 3,988,880 $ - 6(6) ( 5,302 ) ( 8,628 ) ( 11,875 ) 1,050 ( 1,223 ) ( 7,055 ) - 1,433,101 8,248 4,201 10,550 498,179 3,989,278 1,920,848 50,761,063 77,852,431 ( 52,386,586 ) ( 80,187,431 ) 29,400,000 19,170,000 ( 31,648,571 ) ( 19,361,429 ) ( 9,388 ) ( 2,707 ) 6(28) ( 7,123 ) - - ( 104,410 ) - ( 117,351 ) 6(18) ( 373,358 ) ( 248,906 ) 6(15) ( 329,063 ) ( 296,649 ) - ( 200,000 ) - ( 257,342 ) 983 - - 109,577 ( 4,592,043 ) ( 3,644,217 ) ( 1,354,478 ) ( 2,510,877 ) 3,367,525 5,878,402 $ 2,013,047 $ 3,367,525

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

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CLEVO CO.

NOTES TO THE PARENT COMPANY ONLY FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

1. HISTORY AND ORGANIZATION

Clevo Co. (the “Company”) was incorporated as a company limited by shares under the provisions of the Company Act of the Republic of China (R.O.C.). The Company is primarily engaged in the design, manufacture and sales of VDUs, computers and peripheral devices.

1. THE DATE OF AUTHORISATION FOR ISSUANCE OF THE FINANCIAL STATEMENTS AND

PROCEDURES FOR AUTHORISATION

These parent company only financial statements were authorised for issuance by the Board of Directors on March 28, 2022.

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (“IFRS”) as endorsed by the Financial Supervisory Commission (“FSC”)

New standards, interpretations and amendments endorsed by the FSC effective from 2021 are as follows:

follows:
New Standards, Interpretations and Amendments	Effective date by International Accounting StandardsBoard
Amendments to IFRS 4, ‘Extension of the temporary exemption from applying IFRS 9’ Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16, ‘Interest Rate Benchmark Reform— Phase 2’ Amendment to IFRS 16, ‘Covid-19-related rent concessions beyond 30 June 2021’	January 1, 2021 January 1, 2021 April 1, 2021 (Note)

Note: Earlier application from January 1, 2021 is allowed by the FSC.

The above standards and interpretations have no significant impact to the Company’s financial condition and financial performance based on the Company’s assessment.

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(2) Effect of new issuances of or amendments to IFRSs as endorsed by the FSC but not yet adopted by

the Company

New standards, interpretations and amendments endorsed by the FSC effective from 2022 are as follows:

follows:
	Effective date by
	International Accounting
New Standards, Interpretations and Amendments	Standards Board
Amendments to IFRS 3, ‘Reference to the conceptual framework’	January 1, 2022
Amendments to IAS 16, ‘Property, plant and equipment:	January 1, 2022
proceeds before intended use’
Amendments to IAS 37, ‘Onerous contracts—	January 1, 2022
cost of fulfilling a contract’
Annual improvements to IFRS Standards 2018–2020	January 1, 2022

The above standards and interpretations have no significant impact to the Company’s financial condition and financial performance based on the Company’s assessment.

(3) IFRSs issued by IASB but not yet endorsed by the FSC

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

endorsed by the FSC are as follows:
New Standards,Interpretations andAmendments	Effective date by International Accounting StandardsBoard
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’ IFRS 17, ‘Insurance contracts’ Amendments to IFRS 17, 'Insurance contracts' Amendment to IFRS 17, 'Initial application of IFRS 17 and IFRS 9 – comparative information' Amendments to IAS 1, ‘Classification of liabilities as current or non- current’ Amendments to IAS 1, ‘Disclosure of accounting policies’ Amendments to IAS 8, ‘Definition of accounting estimates’ Amendments to IAS 12, ‘Deferred tax related to assets and liabilities arising from a single transaction’	To be determined by International Accounting Standards Board January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2023

The above standards and interpretations have no significant impact to the Company’s financial condition and financial performance based on the Company’s assessment.

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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

(1) Compliance statement

The financial statements of the Company have been prepared in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Issuers”.

• (2) Basis of preparation

• A. Except for the following items, the financial statements have been prepared under the historical cost convention:

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

  • (b) Investment property measured at fair value.

  • (c) Defined benefit liabilities recognised based on the net amount of pension fund assets less present value of defined benefit obligation.

• B. The preparation of financial statements in conformity with International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations as endorsed by the FSC (collectively referred herein as the “IFRSs”) requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 5.

• (3) Foreign currency translation

Items included in the financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The financial statements are presented in “New Taiwan Dollars”, which is the Company’s functional currency and the Company’s presentation currency.

• A. Foreign currency transactions and balances

• (a) 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 recognised in profit or loss in the period in which they arise.

• (b) Monetary assets and liabilities denominated in foreign currencies at the period end are retranslated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognised in profit or loss.

• (c) 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 recognised in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive

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income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognised in other comprehensive income. However, nonmonetary 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.

• (d) All other foreign exchange gains and losses based on the nature of those transactions are presented in the statement of comprehensive income within ‘other gains and losses’.

• B. Translation of foreign operations

• (a) The operating results and financial position of all the Company entities, associates and joint arrangements that have a functional currency different from the presentation currency are translated into the presentation currency as follows:

  • i. Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet;

  • ii. Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and

  • iii. All resulting exchange differences are recognised in other comprehensive income.

• (b) When the foreign operation partially disposed of or sold is an associate or joint arrangement, exchange differences that were recorded in other comprehensive income are proportionately reclassified to profit or loss as part of the gain or loss on sale. In addition, even when the Company retains partial interest in the former foreign associate or joint arrangement after losing significant influence over the former foreign associate, or losing joint control of the former joint arrangement, such transactions should be accounted for as disposal of all interest in these foreign operations.

• (c) When the foreign operation partially disposed of or sold is a subsidiary, cumulative exchange differences that were recorded in other comprehensive income are proportionately transferred to the non-controlling interest in this foreign operation. In addition, even when the Company retains partial interest in the former foreign subsidiary after losing control of the former foreign subsidiary, such transactions should be accounted for as disposal of all interest in the foreign operation.

(4) Classification of current and non-current items

• A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets:

• (a) Assets arising from operating activities that are expected to be realised, or are intended to be sold or consumed within the normal operating cycle;

• (b) Assets held mainly for trading purposes;

• (c) Assets that are expected to be realised within twelve months from the balance sheet date;

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

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• B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities:

• (a) Liabilities that are expected to be settled within the normal operating cycle;

• (b) Liabilities arising mainly from trading activities;

• (c) Liabilities that are to be settled within twelve months from the balance sheet date;

• (d) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.

(5) Cash equivalents

Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits that meet the definition above and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.

• (6) Financial assets at fair value through profit or loss

• A. Financial assets at fair value through profit or loss are financial assets that are not measured at amortised cost or fair value through other comprehensive income.

• B. On a regular way purchase or sale basis, financial assets at fair value through profit or loss are recognised and derecognised using trade date accounting.

• C. At initial recognition, the Company measures the financial assets at fair value and recognises the transaction costs in profit or loss. The Company subsequently measures the financial assets at fair value, and recognises the gain or loss in profit or loss.

• D. The Company recognises the dividend income when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Company and the amount of the dividend can be measured reliably.

• (7) Financial assets at amortised cost

• A. Financial assets at amortised cost are those that meet all of the following criteria:

  • (a) The objective of the Company’s business model is achieved by collecting contractual cash flows.

  • (b) The assets’ contractual cash flows represent solely payments of principal and interest.

• B. On a regular way purchase or sale basis, financial assets at amortised cost are recognised and derecognised using trade date accounting.

• C. At initial recognition, the Company measures the financial assets at fair value plus transaction costs. Interest income from these financial assets is included in finance income using the effective interest method. A gain or loss is recognised in profit or loss when the asset is derecognised or impaired.

• D. The Company’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is

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immaterial.

(8) Accounts and notes receivable

• A. Accounts and notes receivable entitle the Company a legal right to receive consideration in exchange for transferred goods or rendered services.

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

(9) Impairment of financial assets

For debt instruments measured at fair value through other comprehensive income and financial assets at amortised cost including accounts receivable or contract assets that have a significant financing component, at each reporting date, the Company recognises the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognises the impairment provision for the lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts. On the other hand, for accounts receivable or contract assets that do not contain a significant financing component, the Company recognises the impairment provision for lifetime ECLs.

(10) Derecognition of financial assets

The Company derecognises a financial asset when one of the following conditions is met:

• A. The contractual rights to receive the cash flows from the financial asset expire.

• B. The contractual rights to receive cash flows of the financial asset have been transferred and the Company has transferred substantially all risks and rewards of ownership of the financial asset.

• C. The contractual rights to receive cash flows of the financial asset have been transferred; however, the Company has not retained control of the financial asset.

－ (11) Leasing arrangements (lossor) operating leases

• Lease income from an operating lease (net of any incentives given to the lessee) is recognised in profit or loss on a straight-line basis over the lease term.

• (12) Inventories

• Inventories are stated at the lower of cost and net realisable value. Cost is determined using the weighted-average method. The cost of finished goods and work in progress comprises raw materials, direct labour, other direct costs and related production overheads (allocated based on normal operating capacity). It excludes borrowing costs. The item by item approach is used in applying the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and applicable variable selling expenses.

(13) Investments accounted for using equity method / subsidiaries

• A. Subsidiaries refer to the entities (including special purpose entities) that the Company has control over their financial and operating policies and own more than 50% of voting shares directly or indirectly. The Company evaluates investments in subsidiaries accounted under equity method

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in these parent company only financial statements.

• B. Unrealised profit (loss) occurred from the transactions between the Company and subsidiaries have been offset. The accounting policies of the subsidiaries have been adjusted to comply with the Company’s accounting policies.

• C. The Company’s share of its subsidiaries’ post-acquisition profits or losses is recognised in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognised in other comprehensive income. When the Company’s share of losses in a subsidiary equals or exceeds its interest in the subsidiary, the Company continues to recognise losses proportionate to its ownership.

• D. Pursuant to the Regulations Governing the Preparation of Financial Reports by Securities Issuers, profit (loss) of the current period and other comprehensive income in the parent company only financial statements shall equal to the amount attributable to owners of the parent in the consolidated financial statements. Owners’ equity in the parent company only financial statements shall equal to equity attributable to owners of the parent in the consolidated financial statements.

• (14) Joint operation and investment accounted for using equity method joint ventures

• Investment of joint arrangements are classified as joint ventures based on its contractual rights and obligations.

• Investment accounted for using equity method - joint ventures

• The Company accounts for its interest in a joint venture using equity method. Unrealised profits and losses arising from the transactions between the Company and its joint venture are eliminated to the extent of the Company’s interest in the joint venture. However, when the transaction provides evidence of a reduction in the net realisable value of current assets or an impairment loss, all such losses shall be recognised immediately. When the Company’s share of losses in a joint venture equals or exceeds its interest in the joint venture together with any other unsecured receivables, the Company does not recognise further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the joint venture.

• (15) Property, plant and equipment

• A. Property, plant and equipment are initially recorded at cost. Borrowing costs incurred during the construction period are capitalised.

• B. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred.

• C. Land is not depreciated. Other property, plant and equipment apply cost model and are depreciated using the straight-line method to allocate their cost over their estimated useful lives. Each part of an item of property, plant, and equipment with a cost that is significant in relation

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to the total cost of the item must be depreciated separately.

• D. 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:

Buildings and structures (including the auxiliary equipment with useful lives of 2 to 10 years) 2 ~ 50 years Machinery and equipment 3 ~ 5 years Computer and communication Equipment 2 ~ 5 years Transportation equipment 1 ~ 5 years Other equipment 3 ~ 5 years

(16) Leasing arrangements (lessee) － right-of-use assets/ lease liabilities

• A. Leases are recognised as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Company. For short-term leases or leases of low-value assets, lease payments are recognised as an expense on a straight-line basis over the lease term.

• B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate. Lease payments are fixed payments, less any lease incentives receivable. The Company subsequently measures the lease liability at amortized cost using the interest method and recognises interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognised as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications.

• C. At the commencement date, the right-of-use asset is stated at cost comprising the following: (a) The amount of the initial measurement of lease liability;

• (b) Any lease payments made at or before the commencement date; and

• (c) Any initial direct costs incurred by the lessee.

• The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset’s useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognised as an adjustment to the right-of-use asset.

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(17) Investment property

An investment property is stated initially at its cost and measured subsequently using the fair value model. A gain or loss arising from a change in the fair value of investment property is recognised in profit or loss.

(18) Intangible assets

• Computer software

• Computer software is stated at cost and amortised on a straight-line basis over its estimated useful life of 3 to 6 years.

(19) Impairment of non-financial assets

• The Company assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognised 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 to sell or value in use. When the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortised historical cost would have been if the impairment had not been recognised.

• (20) Borrowings

• A. Borrowings comprise long-term and short-term bank borrowings and other long-term and shortterm loans. Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised in profit or loss over the period of the borrowings using the effective interest method.

• B. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

• (21) Notes and accounts payable

• A. Accounts payable are liabilities for purchases of raw materials, goods or services and notes payable are those resulting from operating and non-operating activities.

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

• (22) Financial liabilities at fair value through profit or loss

• A. Financial liabilities are classified in this category of held for trading if acquired principally for the purpose of repurchasing in the short-term. Derivatives are also categorised as financial liabilities held for trading unless they are designated as hedges.

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• B. At initial recognition, the Company measures the financial liabilities at fair value. All related transaction costs are recognised in profit or loss. The Company subsequently measures these financial liabilities at fair value with any gain or loss recognised in profit or loss.

• (23) Bonds payable

• Ordinary corporate bonds issued by the Company are initially recognised at fair value less transaction costs. Any difference between the proceeds (net of transaction costs) and the redemption value is presented as an addition to or deduction from bonds payable, which is amortised to profit or loss over the period of bond circulation using the effective interest method as an adjustment to ‘finance costs’.

• (24) Derecognition of financial liabilities

• A financial liability is derecognised when the obligation specified in the contract is either discharged or cancelled or expires.

• (25) Offsetting financial instruments

• 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 recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

• (26) Financial guarantee contracts

• A financial guarantee contract is a contract that requires the Company to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due in accordance with the original or modified terms of a debt instrument. At initial recognition, the Company measures financial guarantee contracts at fair value and subsequently at the higher of the amount of provisions determined by the expected credit losses and the cumulative gains that were previously recognised.

• (27) Non-hedging derivatives

Non-hedging derivatives are initially recognised at fair value on the date a derivative contract is entered into and recorded as financial assets or financial liabilities at fair value through profit or loss. They are subsequently remeasured at fair value and the gains or losses are recognised in profit or loss.

• (28) Provisions

Warranties provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be reliably estimated.

(29) Employee benefits

• A. 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 recognised as expense in that period when the employees render service.

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B. Pensions

(a) Defined contribution plans

For defined contribution plans, the contributions are recognised as pension expense when they are due on an accrual basis. Prepaid contributions are recognised as an asset to the extent of a cash refund or a reduction in the future payments.

(b) Defined benefit plans

  - i. Net obligation under a defined benefit plan is defined as the present value of an amount of pension benefits that employees will receive on retirement for their services with the Company in current period or prior periods. The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The rate used to discount is determined by using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability; when there is no deep market in high-quality corporate bonds, the Company uses interest rates of government bonds (at the balance sheet date) instead.

  - ii. Remeasurements arising on defined benefit plan are recognised in other comprehensive income in the period in which they arise and are recorded as retained earning.

  - iii. Past service costs are recognised immediately in profit or loss.

• C. Employees’ compensation and directors’ and supervisors’ remuneration

• Employees’ compensation and directors’ and supervisors’ remuneration are recognised as expense and liability, 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. If employee compensation is paid by shares, the Company calculates the number of shares based on the closing price at the previous day of the board meeting resolution.

(30) Income tax

• A. The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or items recognised directly in equity, in which cases the tax is recognised in other comprehensive income or equity.

• B. 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 countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings and is recorded as income tax expense in

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the year the stockholders resolve to retain the earnings.

• C. Deferred tax is recognised, using the balance sheet liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. However, the deferred tax is not accounted for if it arises from initial recognition of goodwill or of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred tax is provided on temporary differences arising on investments in subsidiaries and associates, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred 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 tax asset is realised or the deferred tax liability is settled.

• D. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. At each balance sheet date, unrecognised and recognised deferred tax assets are reassessed.

• E. 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 recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. Deferred 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 realise the asset and settle the liability simultaneously.

• F. A deferred tax asset shall be recognised for the carryforward of unused tax credits resulting from acquisitions of equipment or technology, research and development expenditures and equity investments to the extent that it is possible that future taxable profit will be available against which the unused tax credits can be utilised.

• (31) Share capital

• A. Ordinary shares are classified as equity.

• B. Where the Company repurchases the Company’s equity share capital that has been issued, the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the Company’s equity holders. Where such shares are subsequently reissued, the difference between their book value and any consideration received, net of any directly attributable incremental transaction costs and the related income tax effects, is included in equity attributable to the Company’s equity holders.

• (32) Dividends

• Dividends are recorded in the Company’s financial statements in the period in which they are resolved by the Company’s shareholders. Cash dividends are recorded as liabilities; stock dividends are recorded as stock dividends to be distributed and are reclassified to ordinary shares on the

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effective date of new shares issuance.

(33) Revenue recognition

• A. Sales of goods

• (a) The Company designs, manufactures and sells a range of video display devices, computers and peripheral products. Sales are recognised when control of the products has transferred, being when the products are delivered to the customer, the customer has full discretion over the channel and price to sell the products, and there is no unfulfilled obligation that could affect the customer’s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the customer, and either the customer has accepted the products in accordance with the sales contract, or the Company has objective evidence that all criteria for acceptance have been satisfied. The sales usually are made with a credit term of 30 days to 120 days. As the time interval between the transfer of committed goods or service and the payment of customer does not exceed one year, the Company does not adjust the transaction price to reflect the time value of money.

• (b) The Company’s obligation to provide a refund for faulty products under the standard warranty terms is recognised as a provision.

• (c) A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

• B. Incremental costs of obtaining a contract

Given that the contractual period lasts less than one year, the Company recognises the incremental costs of obtaining a contract as an expense when incurred although the Company expects to recover those costs.

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

The preparation of these financial statements requires management to make critical judgements in applying the Company’s accounting policies and make critical assumptions and estimates concerning future events. Assumptions and estimates may differ from the actual results and are continually evaluated and adjusted based on historical experience and other factors. Such assumptions and estimates have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year; and the related information is addressed below:

(1) Critical judgements in applying the Company’s accounting policies

None.

(2) Critical accounting estimates and assumptions

• A. Evaluation of inventories

As inventories are stated at the lower of cost and net realisable value, the Company must determine the net realisable value of inventories on balance sheet date using judgements and estimates. Due

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to the rapid technology innovation, the Company evaluates the amounts of normal inventory consumption, obsolete inventories or inventories without market selling value on balance sheet date, and writes down the cost of inventories to the net realisable value. Such an evaluation of inventories is principally based on the demand for the products within the specified period in the future. Therefore, there might be material changes to the evaluation.

As of December 31, 2021, the carrying amount of inventories was $414,865.

• B. Investment property measured at fair value

The Company assesses the fair value of investment property based on the professional judgement of appraiser, and determines the future cash flows of the investment property, discount rate and the future possible income and expenses arising from the assets depending on how assets are utilised and industrial characteristics. Any changes of economic circumstances or estimates due to the change of strategy might cause material effect in amount of investment property measured at fair value.

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

fair value. TAILS OF SIGNIFICANT ACCOUNTS Cash and cash equivalents
Cash on hand and revolving funds Checking accounts and demand deposits Time deposits	December 31, 2021 289 $ 2,012,758 - 2,013,047 $	December31,2020
		277 $ 1,091,472 2,275,776
		3,367,525 $

• A. The Company transacts with a variety of financial institutions all with high credit quality to disperse credit risk, so it expects that the probability of counterparty default is remote.

• B. Demand deposits pledged to others as collateral for bonds payable amounting to $1,012,170 and $1,022,720 were classified as ‘other non-current assets’ as of December 31, 2021 and 2020, respectively.

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(2) Financial assets (liabilities) at fair value through profit or loss

==> picture [489 x 252] intentionally omitted <==

----- Start of picture text -----

Assets items December 31,2021 December 31,2020
Current items:
Financial assets mandatorily measured at fair value
through profit or loss
Listed stocks $ 900,306 $ 468,167
Beneficiary certificates 396,976 271,653
Derivatives 2,727 -
Valuation adjustment 248,757 219,551
$ 1,548,766 $ 959,371
December 31,2021 December 31,2020
Liabilities items
Current items:
Financial liabilities designated as at fair value
through profit or loss
-
Forward foreign exchange contracts $ $ 15,781
-
$ $ 15,781
----- End of picture text -----

• A. Amounts recognized in profit or loss in relation to financial assets(liabilities) at fair value through profit or loss are listed below:

profit or loss are listed below:
		Year ended			Year ended
	December 31, 2021			December 31, 2020
Financial assets(liabilities) mandatorily measured
at fair value through profit or loss
Equity instruments	($	163)	($		28,106)
Beneficiary certificates		34,003			26,884
Derivatives		9,157	(		5,423)
	$	42,997	($		6,645)

• B. The Company entered into contracts relating to derivative financial assets which were not accounted for under hedge accounting. The information is listed below:

Derivative financial instruments Current items: Forward foreign exchange contracts		December	31,2021
		Contract amount (notionalprincipal) USD$9,000	Contractperiod 2021/09/10-2022/09/14

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==> picture [470 x 127] intentionally omitted <==

----- Start of picture text -----

December 31, 2020
Contract amount
Derivative financial instruments (notional principal) Contract period
Current items:
Foreign exchange swap USD $9,000 2020/06/08-2021/06/10
Derivative financial instruments
Current items:
Forward foreign exchange contracts USD $27,000 2020/06/08-2021/06/30
----- End of picture text -----

Forward foreign exchange contracts / Foreign exchange swaps

The Company entered into forward foreign exchange contracts and foreign exchange swaps to sell or buy foreign currency to hedge exchange risk of foreign currency and earn the exchange rate spread. However, these forward foreign exchange contracts are not accounted for under hedge accounting.

• C. The Company has no financial assets at fair value through profit or loss pledged to others.

• (3) Accounts receivable

Accounts receivable Accounts receivable - related parties Less: Allowance for uncollectible accounts	December 31,2021 December 31, 2020 3,251,797 $ 2,068,605 $ 1,864,640 1,440,203 5,326) ( 4,576) ( 5,111,111 $ 3,504,232 $

• A. The ageing analysis of accounts receivable and notes receivable that were past due but not impaired is as follows:

is as follows:
Not past due Up to 30 days 31 to 90 days 91 to 180 days Over 180 days		December 31,2021		December 31,2020
		4,055,234 $ 1,035,354 25,172 - 677 5,116,437 $		3,102,784 $ 398,744 6,598 - 682 3,508,808 $

The above ageing analysis was based on past due date.

• B. As of December 31, 2021, December 31, 2020 and January 1, 2020, the balances of receivables from contracts with customers amounted to $5,116,437, $3,508,808, and $3,113,491, respectively.

• C. The Company has no accounts receivable pledged to others.

• D. As at December 31, 2021 and 2020, without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the Company’s accounts receivable were $5,111,111 and $3,504,232, respectively.

• E. The Company has taken out credit insurance on accounts receivable from some of the main clients. The Company will get compensation based on the proportion of the agreements.

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F. Information relating to credit risk of accounts receivable is provided in Note 12(2). (4) Inventories

Raw materials Semi-finished goods Raw materials Semi-finished goods	Cost Allowance for valuation loss 427,103 $ 12,309) ($ 71 - 427,174 $ 12,309) ($ December 31, 2021 Cost Allowance for valuation loss 679,330 $ 17,451) ($ 204 4) ( 679,534 $ 17,455) ($ December 31, 2020	Book value 414,794 $ 71 414,865 $ Book value 661,879 $ 200 662,079 $

The cost of inventories recognized as expense for the years ended December 31, 2021 and 2020 was $20,380,541 and $14,552,181, respectively, including the amount of $2,000 and $2,010, respectively, that the Company wrote down inventories from cost to net realizable value accounted for as cost of goods sold.

(5) Investments accounted for using equity method and Prepayments for investments

A. Investments accounted for using equity method

Investments accounted for using equity method
Subsidiaries: Kapok Computer Co., Ltd. Clevo Investment Co., Ltd. Clevo (Cayman Islands) Holding Company Kapok Computer (Samoa) Corporation Clevo Computer Singapore Pte. Ltd. Buynow On-line Holding Corporation Lunaria Investment GK Joint venture: TAIPEI TWIN CORPORATION	December31,2021	December31,2020
	58,100 $ 74,781 42,703,456 7,469,229 1,942,052 9,731) ( - 967,296 53,205,183 $	56,444 $ 73,558 43,082,841 7,527,414 1,719,924 8,667) ( - 987,137 53,438,651 $

The related information on subsidiaries is provided in Note 4(3) of the 2021 consolidated financial statements.

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B. Joint ventures

(a) The basic information of the joint ventures that is material to the Company is as follows:

	Principal place			Nature of	Methods of
Companyname	of business	Shareholding ratio		relationship	measurement
		December	December
		31, 2021	31,2020
TAIPEI TWIN	New Taipei	50%	50%	Financial	Equity
CORPORATION	City			investment	method

• (b) The summarised financial information of the joint ventures that are material to the Company

• is as follows:

Balance sheet

is as follows: Balance sheet
Statement of comprehensive income Cash and cash equivalents Other current assets Current assets Other non-current assets Non-current assets Total assets Current liabilities Total liabilities Total net assets Share in joint venture's net assets Carrying amount of the joint venture Other operating expenses Depreciation and amortisation Interest income Other gains and losses Loss before income tax Income tax expense Profit or loss, net of tax Total comprehensive income Dividends received from joint venture		TAIPEI TWIN CORPORATION
		December31,2021		December31,2020
		Year ended December31,2021	Year ended December31,2020
	42,342) ($ 320) ( 2,478 503 39,681) ( - 39,681) ($ 39,681) ($ - $		25,817) ($ - 1,678 503) ( 24,642) ( - 24,642) ($ 24,642) ($ - $

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The Company and EPOQUE CORPORATION participated in the land development project of Taipei City Western District Gateway Project-Taipei Main Station Special Zone C1/D1(Eastern Part) to jointly establish TAIPEI TWIN CORPORATION. The investmentsamounting to $10 billion from both the Company and EPOQUE CORPORATION account for 50% of the total investment and the shareholding ratio is 50% for each. TAIPEI TWIN CORPORATION would be jointly controlled by both parties based on the joint venture agreement.

(6) Property, plant and equipment

At January 1, 2021 Cost Accumulated depreciation 2021 Opening net book amount as at January 1 Additions Disposals(costs) Disposals(accumulated depreciation) Depreciation charge Closing net book amount as at December 31 At December 31, 2021 Cost Accumulated depreciation At January 1, 2020 Cost Accumulated depreciation 2020 Opening net book amount as at January 1 Additions Disposals(costs) Disposals(accumulated depreciation) Depreciation charge Closing net book amount as at December 31 At December 31, 2020 Cost Accumulated depreciation	Land 186,563 $ - 186,563 $ 186,563 $ - 186,563) ( - - - $ - $ - - $ Land 186,563 $ - 186,563 $ 186,563 $ - - - - 186,563 $ 186,563 $ - 186,563 $	Buildings and structures	Machinery	Computers and communication equipment	Transportation equipment
				2,822 $ 1,124) ( 1,698 $ 1,698 $ 2,682 183) ( 183 793) ( 3,587 $ 5,321 $ 1,734) ( 3,587 $ Computers and communication equipment
			5,008 $
			14,400 $ 9,392) (
			5,008 $
		197,925 $ 57,537) ( 140,388 $ 140,388 $ 5,396 2,327) ( 2,327 8,137) ( 137,647 $ 200,994 $ 63,347) ( 137,647 $		1,895 $ 869) ( 1,026 $ 1,026 $ 1,170 243) 243 498) 1,698 $ 2,822 $ 1,124) ( 1,698 $

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• A. No borrowing costs were capitalized on property, plant and equipment for the years ended December 31, 2021 and 2020.

• B. The significant components of the Company’s buildings and structures, including main construction, steel structure and related equipment of underground mezzanine were depreciated over 50 years and 15 years, respectively.

• C. Information about the property, plant and equipment that were pledged to others as collateral is provided in Note 8.

• D. To activate its assets, the Company entered into a sales and purchase agreement of land and buildings with the non-related party, TransGlobe Life Insurance Inc. (TransGlobe Life), as resolved by the Board of Directors on October 15, 2021, to sell the property, plant and equipment and investment property located on Xingde Rd., Sanchong Dist., New Taipei City in the amount of $4,100,000. The above transaction was completed in the fourth quarter of 2021. After deducting the carry amount of the assets and related transaction costs from proceeds of the transactions, Gains of disposal amounted to $1,303,456, shown as other gains and losses. All proceeds from the transaction have been collected in December 2021. From November 29, 2021, the Company leased back certain levels of the sold building for its operational use for a lease term of 4 years.

• －

• (7) Leasing arrangements lessee

• A. The Company leases various assets including office. Rental contracts are made for periods of 4 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes.

• B. Printers are the low-value assets that the Company leased.

• C. The carrying amount of right-of-use assets and the depreciation charge are as follows:

Office	December 31, 2021	Year ended December 31,2021	Year ended December 31,2021		December 31, 2020	Year ended December 31,2020	Year ended December 31,2020
	Carryingamount		Depreciation charge		Carrying amount		Depreciation charge
	35,452 $		754 $		- $		- $

• D. For the years ended December 31, 2021 and 2020, the additions to right-of-use assets were $36,206 and $0, respectively.

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• E. The information on profit and loss accounts relating to lease contracts is as follows:

	December 31, 2021 December 31, 2020 Year ended	December 31, 2021 December 31, 2020 Year ended
Items affecting profit or loss
Interest expense on lease liabilities	$ 207 $	-
Expense on short-term lease contracts	1,667	1,732
Gains arising from transfer of right in sale
and lease-back transactions	1,080,862	-

• F. For the years ended December 31, 2021 and 2020, the Company’s total cash outflow for leases were $8,997 and $1,732, respectively.

• G. The Company sold property, plant and equipment located at Sanchong Dist., New Taipei City to TransGlobe Life in the amount of $4,100,000 on October 15, 2021. The Company leased back the aforementioned sold assets for a lease term of 4 years, and the lease agreement does not include extension or purchase clauses. The rental payments for each year are $47,500, $47,500, $48,925 and $50,393, respectively.

(8) Leasing arrangements – lessor

• A. The Company leases various assets including buildings. Rental contracts are typically made for periods of 1 and 5 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. To protect the lessor's ownership rights on the leased assets, all or certain leased assets may not be lent, subleased, sold or consolidated with other companies, entrusted to others for operation or granted in any different form to the third parties.

• B. For the years ended December 31, 2021 and 2020, the Company recognized rent income in the amounts of $63,485 and $70,529, respectively, based on the operating lease agreement, which does not include variable lease payments.

• C. The maturity analysis of the lease payments under the operating leases is as follows:

nvestment property 2020 2021 2022 2023 At January 1 Net gains from fair value adjustment Disposals of investment property At December 31		December31,2021		December31,2020
		$ - 63,485 - - 63,485 $ 2021		70,529 $ 44,602 36,780 19,664 171,575 $ 2020 1,579,381 $ 342,072 - 1,921,453 $
	$ 1,921,453 301,698 2,223,151) ( - $

(9) Investment property

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• A. Rental income from investment property and direct operating expenses arising from investment property are shown below:

Rental income from investment property Direct operating expenses arising from the investment property that generated rental income during the year	Year ended December 31,2021 Year ended December 31, 2020 63,485 $ 70,529 $ 11,584 $ 7,721 $

• B. Measurement of investment property at fair value.

• The fair value of the investment property held by the Company as at December 31, 2020 was $1,921,453, which was valued by independent appraisers. Valuations were made using the income approach which is categorised within Level 3 in the fair Value hierarchy. Key assumptions are as follows:

• (a) Investment property is Taiwan-computer segment, and the lease terms of investment property for different segments are approximately 1 to 5 years. The comparison information between local rent and similar objective property rent is provided in the ‘Summary of fair value disclosure on investment property’ (referred herein as “the following table”).

• (b) Movements of average occupancy rates in the prior year and earnings in prior years are provided in the following table.

• (c) The Company adopts the discounted cash flow analysis under income approach. The estimation process of the appraisal method is subject to the determination of the annual rent growth rate range using the comparison information between local rent and similar objective property rent, and takes into consideration vacancy loss to estimate net rent income over the next ten years as future cash inflow and discounted to the date of appraisal with the discount rate described in (d). In addition, considering the ending balance of disposal value of the objective property is calculated based on the operating revenue over the next year starting from the disposal date to estimate remaining lives of the use right at the disposal date, which will be capitalised based on the estimated discount rate and annul rent growth rate as well as discounted to the appraisal date. The market value is calculated based on the ending disposal value plus the present value of rent for each period.

  • Future cash outflow consists of expenses directly and necessarily related to leasing such as related fees, utilities and promotion costs; and operating expenses necessarily related to operations (i.e. repair expenses), taxes, insurance fees, and capital expenditures. The rates of changes used in the estimation of future movements are in acccordance with the rent growth rate used in the imputed rent income.

• (d) The information on the range of discount rates is provided in the following table. The discount rates are determined to take into consideration the interest rate of Chunghwa post's board interest rate for two-year time deposit plus 3 point (current is 1.595%), as well as the

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Company’s liquidity, risk, value-added and degree of difficulty of management.

• (e) The appraisal reports adopted by the Company are certified by the real estate appraiser, Charlie Yang from Cushman & Wakefield Limited (referred herein as “Cushman & Wakefield”). The appraisal dates are January 1, 2021.

• Summary of fair value disclosure on investment property:

• Year ended of December 31, 2021: None.

Wakefield”). The appraisal dates are January 1, 2021. Summary of fair value disclosure on investment property: Year ended of December 31, 2021: None.
	Year ended
	December 31,2020
Comparison information between local rent and similar objective	$642～$898
property rent (dollar / square or square meter / month)
Movements of earnings in the prior year	$70,608
Average occupancy rates	100%
	December 31,2020
Discount rate	3.10%

• C. The fair value information about the investment property is provided in Note 12(3).

• D. Information about the investment property that was pledged to others as collateral is provided in Note 8.

(10) Short-term borrowings

Type of borrowings December 31, 2021 Interest rate range Collateral Bank borrowings Bank unsecured borrowings $ 3,736,477 0.75% ～ 1.00% Promissory note Type of borrowings December 31, 2020 Interest rate range Collateral Bank borrowings Bank unsecured borrowings $ 5,362,000 0.80% ～ 1.00% Promissory note

(11) Bonds payable

Secured bonds payable

==> picture [219 x 27] intentionally omitted <==

• A. On August 22, 2019, Clevo Co. issued $5,000,000 secured bonds, as approved by the regulatory authority. As of December 31, 2021, the outstanding bonds payable was $5,000,000.

• B. The terms of the secured bonds are as follows:

Type of Bonds	Issuance date	Period	Amount	Coupon rate	Payment term	Security
Secured bonds payable	2019/8/26	5years	5,000,000 $	Not exceeding fixed rate of 0.8%	Principal is due at maturity. Interest is paid annually at simple interest rate.	Authorise Taiwan Cooperative Bank to execute corporate bond guarantee according to the guarantee agreement.

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- (12) Long term borrowings

Type of	Borrowing period					December 31,	December 31,
borrowings	and repayment term		Interest rate range	Collateral			2021
Unsecured	Borrowing period is from March 19, 2021	0.5157%～1.05%		Promissory		$	6,750,000
borrowings	to December 17, 2026; interest is payable			note
	monthly, principal is payable at maturity
	date.
Unsecured	Borrowing period is from August 28,	1.00%～1.797%		Promissory			4,800,000
borrowings	2018 to December 28, 2023; interest is			note
	payable monthly, principal is payable in
	installments.
						11,550,000
Less: Current	portion of long-term loans				(		1,800,000)
						$	9,750,000
Type of	Borrowing period					December 31,
borrowings	and repayment term		Interest rate range	Collateral			2020
Unsecured	Borrowing period is from December 20,		0.5156%～1.13%	Promissory		$	6,520,000
borrowings	2019 to November 9, 2023; interest is			note
	payable monthly, principal is payable at
	maturity date.
Unsecured	Borrowing period is from December 28,		1.0298%～1.797% Promissory				6,028,571
borrowings	2018 to December 28, 2023; interest is			note
	payable monthly, principal is payable in
	installments.
Secured	Borrowing period is from March 20, 2018		1.045%	Property,			1,250,000
borrowings	to March 20, 2023; interest is payable			plant and
	monthly, principal is payable at maturity			equipment
	date.			and
				investment
				property
							13,798,571
Less: Current portion of long-term loans						(	2,855,714)
						$	10,942,857

The Company’s liquidity risks are described in Note 12(2)C.(C).

(13) Pensions

A. Defined benefit pension plan

(a) The Company has a defined benefit pension plan in accordance with the Labor Standards Law, covering all regular employees’ service years prior to the enforcement of the Labor Pension Act on July 1, 2005 and service years thereafter of employees who chose to continue to be subject to the pension mechanism under the Act. Under the defined benefit pension plan, two units are accrued for each year of service for the first 15 years and one unit for each additional

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year thereafter, subject to a maximum of 45 units. Pension benefits are based on the number of units accrued and the average monthly salaries and wages of the last 6 months prior to retirement. The Company contributes monthly an amount equal to 2% of the employees’ monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, the Company would assess the balance in the aforementioned labor pension reserve account by December 31, every year. If the account balance is insufficient to pay the pension calculated by the aforementioned method to the employees expected to qualify for retirement in the following year, the Company will make contributions for the deficit by next March.

(b) The amounts recognised in the balance sheet are as follows:

		December	31, 2021		December	31, 2020
Present value of defined benefit obligations		$	322,555		$	323,696
Fair value of plan assets	(		322,555)	(		314,798)
Net defined benefit liability		$	-		$	8,898

(c) Movements in net defined benefit liabilities are as follows:

2021

			2021
Balance at January 1 Current service cost Interest expense (income) Remeasurements: Return on plan assets (excluding amounts included in interest income or expense) Change in demographic assumptions Change in financial assumptions Experience adjustments Pension fund contribution Paid pension Balance at December 31		Present value of defined benefit obligations	Fair value of plan assets	Net defined benefit liability
	323,696 $ 267 1,327 325,290 6,466 7,159 8,703) ( 4,922 - 7,657) ( 322,555 $		314,798) ($ - 1,291) ( 316,089) ( - - 4,922) ( 4,922) ( 9,201) ( 7,657 322,555) ($	8,898 $ 267 36 9,201 6,466 7,159 13,625) ( - 9,201) ( - - $

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2020

			2020
Balance at January 1 Current service cost Interest expense (income) Remeasurements: Return on plan assets (excluding amounts included in interest income or expense) Change in demographic assumptions Change in financial assumptions Experience adjustments Pension fund contribution Paid pension Balance at December 31		Present value of defined benefit obligations	Fair value of plan assets	Net defined benefit liability
	387,480 $ 521 2,945 390,946 1,697) ( 27,621) ( 14,312) ( 43,630) ( - 23,620) ( 323,696 $		315,395) ($ - 2,397) ( 317,792) ( - - 10,944) ( 10,944) ( 9,682) ( 23,620 314,798) ($	72,085 $ 521 548 73,154 1,697) ( 27,621) ( 25,256) ( 54,574) ( 9,682) ( - 8,898 $

(d) The Bank of Taiwan was commissioned to manage the Fund of the Company’s defined benefit pension plan in accordance with the Fund’s annual investment and utilisation plan and the “Regulations for Revenues, Expenditures, Safeguard and Utilisation of the Labor Retirement Fund” (Article 6: The scope of utilisation for the Fund includes deposit in domestic or foreign financial institutions, investment in domestic or foreign listed, over-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitization products, etc.). With regard to the utilisation of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. If the earnings is less than aforementioned rates, government shall make payment for the deficit after being authorized by the Regulator. The Company has no right to participate in managing and operating that fund and hence the Company is unable to disclose the classification of plan assets fair value in accordance with IAS 19 paragraph 142. The composition of fair value of plan assets as of December 31, 2021 and 2020 is given in the Annual Labor Retirement Fund Utilisation Report announced by the government.

(e) The principal actuarial assumptions used were as follows:

Discount rate Future salary increases	Year ended December 31,2021		Year ended December 31,2020
	0.71%		0.41% 1.50%
	2.00%

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Future mortality rate was estimated based on 90% of the 6th Taiwan Standard Ordinary Experience Mortality Table in accordance with published statistics and experience in each territory.

Because the main actuarial assumption changed, the present value of defined benefit obligation is affected. The analysis was as follows:

==> picture [440 x 129] intentionally omitted <==

----- Start of picture text -----

Discount rate Future salary increases
Increase 0.5% Decrease 0.5% Increase 0.5% Decrease 0.5%
December 31, 2021
Effect on present value of
defined benefit obligation ($ 18,696) $ 20,141 $ 19,776 ($ 18,556)
December 31, 2020
Effect on present value of
defined benefit obligation ($ 19,583) $ 21,370 $ 21,024 ($ 19,483)
----- End of picture text -----

The sensitivity analysis above is based on one assumption which changed while the other conditions remain unchanged. In practice, more than one assumption may change all at once. The method of analysing sensitivity and the method of calculating net pension liability in the balance sheet are the same.

The methods and types of assumptions used in preparing the sensitivity analysis were consistent with previous period..

• (g) Expected contributions to the defined benefit pension plans of the Company for the year ending December 31, 2022 amount to $9,485.

• (h) As of December 31, 2021, the weighted average duration of the retirement plan is 12 years. The analysis of timing of the future pension payment was as follows:

Within 2 years 2-5 years Over 5 years	259,779 $ 22,072 14,043
	295,894 $

B. Defined contribution plan

• (a) Effective July 1, 2005, the Company has established a defined contribution pension plan (the “New Plan”) under the Labor Pension Act (the “Act”), covering all regular employees with R.O.C. nationality. Under the New Plan, the Company contributes 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.

• (b) The pension costs under the defined contribution pension plan of the Company for the years ended December 31, 2021 and 2020 were $35,360 and $35,849, respectively.

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(14) Provisions

			Warranty	Warranty	Warranty
			2021			2020
At January 1		$	53,523		$	50,523
Additional provisions			95,207			77,481
Used during the year	(		90,207)	(		74,481)
At December 31		$	58,523		$	53,523
Analysis of total provisions:
		December 31, 2021			December 31, 2020
Current	$		58,523	$		53,523

The Company provides warranties on computer products sold. Provision for warranty is estimated based on historical warranty data of computer products.

(15) Share capital

• A. As of December 31, 2021, the Company’s authorised capital was $9,000,000, consisting of 900 million shares of ordinary stock, and the paid-in capital was $6,497,630, consisting of 649,763 thousand shares with a par value of $10 (in dollars) per share. The foregoing includes 20 million shares reserved for employee stock options with a par value of $10 (in dollars) per share, which the Board of Directors are authorised to issue depending on actual demand.

Movements in the number of the Company’s ordinary shares outstanding (shares in thousands) are as follows:

At January 1 Shares retired At December 31	2021 2020 595,216 605,216 10,000) ( 10,000) ( 585,216 595,216

B. Treasury shares

• (a) Reason for share reacquisition and movements in the number of the Company’s treasury shares are as follows:

shares are as follows:
Name of company holding the shares	Reason for reacquisition	December 31,2021
		Number of shares	Carryingamount
The Company Subsidiary-Kapok Computer Subsidiary-Clevo Investment	To be reissued to employees Long-term investment Long-term investment	37,500 thousand 16,966 thousand 10,081 thousand	$ 1,171,347 95,306 108,182

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		December	31,2020
Name of company holding		Number of
the shares	Reason for reacquisition	shares	Carryingamount
The Company	To be reissued to	47,500 thousand	$ 1,450,204
	employees
Subsidiary-Kapok	Long-term investment	16,966 thousand	95,306
Computer
Subsidiary-Clevo	Long-term investment	10,081 thousand	108,182
Investment

• (b) Pursuant to the R.O.C. Securities and Exchange Act, the number of shares bought back as treasury share should not exceed 10% of the number of the Company’s issued and outstanding shares and the amount bought back should not exceed the sum of retained earnings, paid-in capital in excess of par value and realised capital surplus.

• (c) Pursuant to the R.O.C. Securities and Exchange Act, treasury shares should not be pledged as collateral and is not entitled to dividends before it is reissued.

• (d) Pursuant to the R.O.C. Securities and Exchange Act, treasury shares should be reissued to the employees within three years from the reacquisition date and shares not reissued within the three-year period are to be retired. Treasury shares to enhance the Company’s credit rating and the stockholders’ equity should be retired within six months of acquisition.

(16) Capital surplus

Pursuant to the R.O.C. Company Act, capital surplus arising from paid-in capital in excess of par value on issuance of common stocks and donations can be used to cover accumulated deficit or to issue new stocks or cash to shareholders in proportion to their share ownership, provided that the Company has no accumulated deficit. Further, the R.O.C. Securities and Exchange Act requires that the amount of capital surplus to be capitalised mentioned above should not exceed 10% of the paidin capital each year. Capital surplus should not be used to cover accumulated deficit unless the legal reserve is insufficient.

(17) Retained earnings

• A. Under the Company’s Articles of Incorporation, the current year’s earnings, if any, shall first be used to pay all taxes and offset prior years’ operating losses and then 10% of the remaining amount shall be set aside as legal reserve. However, when the legal reserve amounts to the authorized capital, this shall not apply. According to the law or the authority, the special surplus reserve shall be set or reversed. If there is still surplus, the Board of Directors shall draft the allocation resolved by the shareholders' meeting. The Board of Director is authorized to distribute all or part of dividends, bonuses, legal reserve and capital surplus in the form of cash by approval of more than half of directors present at a meeting attended by more than two thirds of the directors, and such distribution shall also be reported at the shareholders’ meeting.

• B. The Company belongs to high tech and electronics industry. As the Company operates in a volatile business environment and is in the stable growth stage, the residual dividend policy is

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• adopted taking into consideration the Company’s financial structure, operating results and future expansion plans, based on vision of industrial development, capital expenditure demand, sound financial plan and protecting the rights and interests of investors. According to the dividend policy, cash dividends shall account for at least 10% of the total dividends distributed.

• C. Except for covering accumulated deficit or issuing new stocks or cash to shareholders in proportion to their share ownership, the legal reserve shall not be used for any other purpose. The use of legal reserve for the issuance of stocks or cash to shareholders in proportion to their share ownership is permitted, provided that the distribution of the reserve is limited to the portion in excess of 25% of the Company’s paid-in capital.

• D. Special reserve

• (a) In accordance with the regulations, the Company shall set aside special reserve from the debit balance on other equity items at the balance sheet date before distributing earnings. When debit balance on other equity items is reversed subsequently, the reversed amount could be included in the distributable earnings.

• (b) The amounts previously set aside by the Company as special reserve on initial application of IFRSs in accordance with Jin-Guan-Zheng-Fa-Zi Letter No. 1010012865, dated April 6, 2012, shall be reversed proportionately when the relevant assets are used, disposed of or reclassified subsequently. Such amounts are reversed upon disposal or reclassified if the assets are investment property of land, and reversed over the use period if the assets are investment property other than land.

• (c) According to Jin-Guan-Zheng-Fa-Zi Letter No.1030006415, dated March 18, 2014, investment properties are initially and subsequently measured using fair value model. Changes of value due to appreciation as of December 31, 2013 are reflected in the increase of Appropriated Retained Earnings. The Company will recognise the reversal of earnings upon subsequent disposal or decrease of the investment properties.

• E. The appropriations of 2020 and 2019 earnings had been resolved at the stockholders’ meeting on August 26, 2021 and June 19, 2020, respectively. Details are summarised below:

Legal reserve Special reserve Cash dividends			Dividends per share (indollars) 2020			Dividends per share (indollars) 2019
		Amount			Amount
		77,323 $ 507,614 373,358 958,295 $	0.60 $		106,864 $ 993,875 - 1,100,739 $	- $

The Company appropriated cash from capital surplus as resolved at the stockholders’ meeting on June 19, 2020. The dividends per share is NTD 0.4, and the total amount is $248,906. The appropriations of 2020 and 2019 earnings above are the same with those approved by the Board of Directors on March 26, 2021 and March 31, 2020, respectively.

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• F. The resolution of the appropriations of 2021 net income was approved by the Board of Directors during its meeting on March 28, 2022 as follows:

		2021	2021
			Dividends per share
		Amount		(in dollars)
Legal reserve	$	302,123
Reverse of special reserve		(493,824)
Cash dividends		1,285,752	$	2.10
	$	1,094,051

(18) Other equity items

Other equity items
Operating revenue At January 1 Currency translation differences: –The Company and subsidiaries Disposals transferred to retained earnings At December 31 At January 1 Currency translation differences: –The Company and subsidiaries At December 31 Revenue from contracts with customers		2021
	Currency translation Revaluation Total 4,948,933) ($ 20,922 $ 4,928,011) ($ 320,146 - 320,146 - 20,922) ( 20,922) ( 4,628,787) ($ - $ 4,628,787) ($ 2020
	Currency translation Remeasurement Total 4,856,943) ($ 20,922 $ 4,836,021) ($ 91,990) ( - 91,990) ( 4,948,933) ($ 20,922 $ 4,928,011) ($ Year ended December31,2021 Year ended December31,2020 22,839,008 $ 16,209,091 $
	22,839,008 $

(19) Operating revenue

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A. Disaggregation of revenue from contracts with customers

The Company derives revenue from the tr ansfer of goods over time and at a point in time in the following major product lines and geographical regions:

==> picture [462 x 310] intentionally omitted <==

----- Start of picture text -----

China computer Asia-Pacific Other computer
2021 products computer products products Total
Total segment revenue $ 12,959,520 $ 8,824,808 $ 7,442,307 $ 29,226,635
Inter-segment revenue ( 6,387,627) - - ( 6,387,627)
Revenue from external
customer contracts $ 6,571,893 $ 8,824,808 $ 7,442,307 $ 22,839,008
Timing of revenue
recognition
At a point in time $ 6,571,893 $ 8,824,808 $ 7,442,307 $ 22,839,008
China computer Asia-Pacific Other computer
2020 products computer products products Total
Total segment revenue $ 8,642,567 $ 6,334,415 $ 5,561,824 $ 20,538,806
- -
Inter-segment revenue ( 4,329,715) ( 4,329,715)
Revenue from external
customer contracts $ 4,312,852 $ 6,334,415 $ 5,561,824 $ 16,209,091
Timing of revenue
recognition
At a point in time $ 4,312,852 $ 6,334,415 $ 5,561,824 $ 16,209,091
----- End of picture text -----

• B. Contract assets and liabilities

The Company has recognised the following revenue-related contract assets and liabilities:

Contract liabilities: Contract liabilities – Advance sales receipts	December 31, 2021 45,980 $	December31,2020	January1,2020
		55,386 $	34,360 $

• C. Revenue recognised that was included in the contract liability balance at the beginning of the year

year
Revenue recognised that was included in the contract liability balance at the beginning of the year Advance real estate receipts	Year ended December31,2021	Year ended December31,2020
	55,386 $	34,360 $

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(20) Interest income

Year ended December 31, 2021 Interest income from bank deposits 1,110 $ Other interest income 5 1,115 $	Year ended December31,2020 45,474 $ 9,984 55,458 $

(21) Other income

Rent income Dividend income Other income	Year ended December 31, 2021 Year ended December31,2020 63,485 $ 70,529 $ 33,711 30,194 31,735 34,906 128,931 $ 135,629 $

(22) Other gains and losses

Other gains and losses
Finance costs Gains on financial assets and liabilities at fair value through profit or loss Foreign exchange losses Gains on fair value adjustment, investment property Losses on disposals of investments Gains on disposals of investment property Gains arising from sale and leaseback transactions Fee expense arising from financial liabilities not at fair value through profit or loss Other losses Interest expense: Bank borrowings Other interest expense Financial costs	Year ended December31,2021 47,714 $ 70,923) ( 301,698 4,717) ( 222,594 1,080,862 4,257) ( 11,584) ( 1,561,387 $ Year ended December 31,2021		Year ended December31,2020 88,443 $ 558,262) ( 342,072 95,088) ( - - 4,702) ( 7,721) ( 235,258) ($ Year ended December 31,2020
		189,892 $ 89,372 279,264 $	257,874 $ 124,314 382,188 $

(23) Finance costs

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(24) Expenses by nature

Expenses by nature
Employee benefit expense Employee benefit expense Depreciation charges on property, plant and equipment Depreciation charges on right-of-use assets Amortisation charges on intangible assets Wages and salaries Labour and health insurance fees Pension costs Other personnel expenses		Year ended December 31, 2021 Year ended December 31, 2020 1,003,201 827,407 11,797 12,359 754 - 7,046 7,603 1,022,798 $ 847,369 $ Year ended December31,2021 Year ended December31,2020 877,383 $ 703,882 $ 57,069 53,751 35,663 36,918 33,086 32,856 1,003,201 $ 827,407 $

(25) Employee benefit expense

• A. In accordance with the Articles of Incorporation of the Company, a ratio of distributable profit of the current year, shall be distributed as employees ‘compensation and directors’ and supervisors’ remuneration. The ratio shall be 5%~15% for employees’ compensation and shall not be higher than 1% for directors’ and supervisors’ remuneration.

• B. For the years ended December 31, 2021 and 2020, employees’ compensation was accrued at $181,800 and $93,500, respectively; while directors’ and supervisors’ remuneration was accrued at $22,200 and $7,700, respectively. The aforementioned amounts were recognised in salary expenses.

The employees’ compensation and directors’ and supervisors’ remuneration were estimated and accrued based on 5%~15% and not higher than 1% of distributable profit of current year for the year ended December 31, 2021. The employees’ compensation and directors’ and supervisors’ remuneration as resolved by the Board of Directors were in agreement with those amounts recognised in the 2021 financial statements, and the employees’ compensation will be distributed in the form of cash.

Employees’ compensation and directors’ and supervisors’ remuneration for 2020 as resolved by the Board of Directors were in agreement with those amounts recognised in the 2020 financial statements.

Information about employees’ compensation and directors’ and supervisors’ remuneration of the Company as resolved by the Board of Directors will be posted in the “Market Observation Post System” at the website of the Taiwan Stock Exchange.

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(26) Income tax

A. Income tax expense

(a) Components of income tax expense:

Current tax: Current tax on profits for the year Tax on undistributed surplus earnings Prior year income tax underestimation Total current tax Deferred tax: Origination and reversal of temporary differences Total deferred tax Income tax expense	Year ended December31,2021 Year ended December31,2020 235,726 $ - $ 6,895 - - 2,353 242,621 2,353 36,469 4,671 36,469 4,671 279,090 $ 7,024 $

• (b) The income tax (charge)/credit relating to components of other comprehensive income is as follows:

Currency translation differences Remeasurement of defined benefit obligations	Year ended December31,2021 Year ended December 31, 2020 ($ 843) $ 149 - (10,915) ($ 843) ($10,766)

B. Reconciliation between income tax expense and accounting profit

Tax calculated based on profit before tax and statutory tax rate Tax exempt income by tax regulation ( Prior year income tax underestimation Tax on undistributed surplus earnings Income tax expense	Year ended December31,2021	Year ended December31,2020
	415,088 $ 142,893) - 6,895 279,090 $	134,794 $ 130,123) ( 2,353 - 7,024 $

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• C. Amounts of deferred tax assets or liabilities as a result of temporary differences, tax losses and investment tax credits are as follows:

2021

				2021	2021
Deferred tax assets: Temporary differences: Unrealised exchange loss Allowance for spare valuation losses Allowance for inventory valuation losses Allowance for bad debts Unused compensated absences Accrued pension liability Currency translation differences Tax losses Deferred tax liabilities: Temporary differences: Unrealised exchange loss Foreign investment income using equity method Unrealised sales gain Rent by straight-line method Increase in revaluation Accrued pension liability Fair value adjustment, investment property		January1	Recognised in profit or loss	Recognised in other comprehensive income			December 31
		1,181 $ 1,582 3,490 8,916 5,065 1,781 21,241 134,000 177,256	1,181) ($ 2,191 1,028) ( 5,307) ( - 1,781) ( - 134,000) ( 141,106) (	- $ - - - - - 843) ( - 843) ( 2021			- $ 3,773 2,462 3,609 5,065 - 20,398 - 35,307
		January1	Recognised in profit or loss		Recognised in other comprehensive income		December 31
	- $ 519,461) ( 548) ( 459) ( 4,285) ( - 152,690) ( 677,443) ( 500,187) ($		12,215) ($ 40,252) ( 307) ( 459 4,285 23) ( 152,690 104,637 36,469) ($	- $ - - - - - - - 843) ($		12,215) ($ 559,713) ( 855) ( - - 23) ( - 572,806) ( 537,499) ($

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2020

				2020
Deferred tax assets: Temporary differences: Unrealised exchange loss Allowance for spare valuation losses Allowance for inventory valuation losses Allowance for bad debts Unused compensated absences Accrued pension liability Currency translation differences Tax losses Deferred tax liabilities: Temporary differences: Unrealised exchange loss Foreign investment income using equity method Unrealised sales gain Rent by straight-line method Currency translation differences Increase in revaluation Fair value adjustment, investment property		January1	Recognised in profit or loss	Recognised in other comprehensive income		December 31
		58,125 $ 1,527 3,369 11,677 5,065 14,418 - 38,000 132,181	56,944) ($ 55 121 2,761) ( - 1,722) ( - 96,000 34,749	- $ - - - - 10,915) ( 21,241 - 10,326 2020		1,181 $ 1,582 3,490 8,916 5,065 1,781 21,241 134,000 177,256
		January1	Recognised in profit or loss	Recognised in other comprehensive income		December 31
	- $ 509,746) ( 542) ( 459) ( 21,092 4,285) ( 122,991) ( 616,931) ( 484,750) ($		- $ 9,715) ( 6) ( - - - 29,699) ( 39,420) ( 4,671) ($	- $ - - - 21,092) ( - - 21,092) ( 10,766) ($	- $ 519,461) ( 548) ( 459) ( - 4,285) ( 152,690) ( 677,443) ( 500,187) ($

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• D. Expiration dates of unused tax losses and amounts of unrecognised deferred tax assets are as follows:

December 31, 2020

	Amount filed/		Unrecognised
Year incurred	assessed	Unused amount	deferred tax assets	Expiry year
2016	144,741 $	35,244 $	- $	2026
2017	670,134	670,134	35,378	2027
2020	394,410	394,410	394,410	2030

• E. The Company has not recognised taxable temporary differences associated with investment in subsidiaries as deferred tax liabilities. As of December 31, 2021 and 2020, the amounts of temporary difference unrecognised as deferred tax liabilities were $9,266,092 and $10,007,234, respectively.

• F. The Company’s income tax returns through 2019 have been assessed and approved by the Tax Authority.

(27) Earnings per share

Authority. Earnings per share
Basic earnings per share Profit attributable to ordinary shareholders of the parent Diluted earnings per share Profit attributable to ordinary shareholders of the parent Assumed conversion of all dilutive potential ordinary shares Employees’ bonus Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares		Year ended December 31,2021
		Amount after tax 1,796,350 $ 1,796,350 - 1,796,350 $	Weighted average number of ordinary shares outstanding (share in thousands) 593,451 593,451 6,236 599,687 $	Earnings per share (in dollars) 3.03 $ 3.00 $

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Changes in liabilities from financing activities Weighted average number of ordinary shares outstanding Earnings per share Amount after tax (share in thousands) (in dollars) Basic earnings per share Profit attributable to ordinary shareholders of the parent 666,944 $ 597,825 1.12 $ Diluted earnings per share Profit attributable to ordinary shareholders of the parent 666,944 597,825 Assumed conversion of all dilutive potential ordinary shares Employees’ bonus - 4,167 Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares 666,944 $ 601,992 $ 1.11 $ Year ended December 31,2020 Short-term borrowings Long-term borrowings Corporate bonds payable Lease liabilities Liabilities from financing activities- gross At January 1, 2021 5,362,000 $ 13,798,571 $ 5,000,000 $ - $ 24,160,571 $ Changes in cash flow from financing activities 1,625,523) ( 2,248,571) ( - 7,123) ( 3,881,217) ( Changes in other non-cash items - - - 180,020 180,020 At December 31, 2020 3,736,477 $ 11,550,000 $ 5,000,000 $ 172,897 $ 20,459,374 $ Short-term borrowings Long-term borrowings Corporate bonds payable Lease liabilities Liabilities from financing activities- gross At January 1, 2020 7,697,000 $ 13,990,000 $ 5,200,000 $ - $ 26,887,000 $ Changes in cash flow from financing activities 2,335,000) ( 191,429) ( 200,000) ( - 2,726,429) ( Changes in other non-cash items - - - - - At December 31, 2020 5,362,000 $ 13,798,571 $ 5,000,000 $ - $ 24,160,571 $	Changes in liabilities from financing activities Weighted average number of ordinary shares outstanding Earnings per share Amount after tax (share in thousands) (in dollars) Basic earnings per share Profit attributable to ordinary shareholders of the parent 666,944 $ 597,825 1.12 $ Diluted earnings per share Profit attributable to ordinary shareholders of the parent 666,944 597,825 Assumed conversion of all dilutive potential ordinary shares Employees’ bonus - 4,167 Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares 666,944 $ 601,992 $ 1.11 $ Year ended December 31,2020 Short-term borrowings Long-term borrowings Corporate bonds payable Lease liabilities Liabilities from financing activities- gross At January 1, 2021 5,362,000 $ 13,798,571 $ 5,000,000 $ - $ 24,160,571 $ Changes in cash flow from financing activities 1,625,523) ( 2,248,571) ( - 7,123) ( 3,881,217) ( Changes in other non-cash items - - - 180,020 180,020 At December 31, 2020 3,736,477 $ 11,550,000 $ 5,000,000 $ 172,897 $ 20,459,374 $ Short-term borrowings Long-term borrowings Corporate bonds payable Lease liabilities Liabilities from financing activities- gross At January 1, 2020 7,697,000 $ 13,990,000 $ 5,200,000 $ - $ 26,887,000 $ Changes in cash flow from financing activities 2,335,000) ( 191,429) ( 200,000) ( - 2,726,429) ( Changes in other non-cash items - - - - - At December 31, 2020 5,362,000 $ 13,798,571 $ 5,000,000 $ - $ 24,160,571 $
At January 1, 2021 Changes in cash flow from financing activities Changes in other non-cash items At December 31, 2020 At January 1, 2020 Changes in cash flow from financing activities Changes in other non-cash items At December 31, 2020	Short-term borrowings
	5,362,000 $ 1,625,523) ( - 3,736,477 $ Short-term borrowings
	7,697,000 $ 2,335,000) ( - 5,362,000 $

(28) Changes in liabilities from financing activities

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7. RELATED PARTY TRANSACTIONS

(1) Names of related parties and relationship

Names of related parties Relationship with the Company Kent Hsu Chairman Kapok Computer (Kunshan) Co., Ltd. The Company is the ultimate parent Clevo (Cayman Islands) Holding Company The Company's subsidiary Kapok Computer (Samoa) Corporation The Company's subsidiary Taipei Twin Corporation Entity with joint control over this entity

(2) Significant related party transactions

• A. Operating revenue:

gnificant related party transactions Operating revenue:
Year ended December 31, 2021 Sales of products: Kapok Computer (Kunshan) Co., Ltd. 7,685,603 $	Year ended December 31, 2020
	4,329,715 $

• (a) The products sold to subsidiaries are not sold to other customers. The sales price cannot be compared with others. The payment terms are 180 days, and the general customers are within 1~2 months.

• (b) The Company sells materials (LCD) and semi-finished goods to subsidiaries to manufacture laptops, and the Company buys back those laptops, which will be sold to customers under a triangle trade. Materials and semi-finished goods sold to subsidiaries amounted to $7,685,603 and $4,329,715 for the years ended December 31, 2021 and 2020, respectively. The purchases and sales are offset and shown at net in the financial statements.

B. Purchases:

Purchases:
Purchases of goods: Kapok Computer (Kunshan) Co., Ltd.		Year ended December 31,2021		Year ended December 31,2020
		16,112,238 $		11,118,333 $

As the goods purchased from the subsidiary are unique, the purchase prices cannot be compared with other items. The payment term is 30 days Against Monthly Statement and the debit and credit is offset. The Company may prepay if there is demand for funds to prepare materials. The payment terms of general customers are within 1~5 months.

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C. Receivables from related parties:

	December 31, 2021	December 31, 2020
Accounts receivable:
Kapok Computer (Kunshan) Co., Ltd.	1,864,640 $	1,440,203 $

Receivables from related parties arise mainly from selling products and the receivables do not bear interest and no collaterals were pledged. There are no provisions held against receivables from related parties.

• D. Endorsements and guarantees provided to related parties:

  • (a) The joint guarantor and co-issuer of the guarantee notes of bank borrowings is Kent Hsu in 2021 and 2020.

  • (b) The Company jointly participated in the Taipei Main Station District Parcel C1/D1 (the Eastern Part) Land Development Project of Taipei City Government and jointly established Tatpei Twin Towers Limited with Epoque Corporation, please refer to Note 6(5) for further information.

• (3) Key management compensation

Key management compensation
Salaries and other short-term employee benefits Post-employment benefits	Year ended December 31, 2021 73,531 $ 1,244 74,775 $	Year ended December 31, 2020
		40,853 $ 1,233 42,086 $

8. PLEDGED ASSETS

The Company’s assets pledged as collateral are as follows:

Pledged asset		Book	value	value	Purpose
		December 31,2021		December 31,2020
Restricted assets (non- current) Property, plant and equipment Investment property		1,012,170 $ - - 1,012,170 $		1,022,720 $ 324,210 1,921,453 3,268,383 $	Bonds payable Long-term borrowings Long-term borrowings

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT

COMMITMENTS

(1) Contingencies

None.

(2) Commitments

As of December 31, 2021 and 2020, the Company has issued guarantee notes amounting to $22,710,525 and $25,673,888, respectively, for bank repayment and forward exchange trading.

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10. SIGNIFICANT DISASTER LOSS

None

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

• (1) On February 25, 2022, the board of directors decided to lease the office of Honghui Si Yuan Plaza to Hon Hui Si Yuan Co., Ltd., a related party. Leasing period ranged from April 15, 2022 to April 14, 2025, a total of three years. Relevant information could be inquired at the Market Observation Post System.

• (2) The Board of Directors has resolved the appropriation of 2021 earnings on March 28, 2022. Details are provided in Note 6(17) F.

12. Others

(1) Capital management

The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern in order to provide returns for shareholders and to maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. The Company monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non-current borrowings’ as shown in the consolidated balance sheet) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the balance sheet plus net debt.

During the year ended December 31, 2021, the Company’s strategy, which was unchanged from 2020, was to maintain the gearing ratio under 50%. The gearing ratios at December 31, 2021 and 2020 were as follows:

2020 were as follows:
Total borrowings Less: Cash and cash equivalents Net debt Total equity Total capital Gearing ratio	December31,2021	December31,2020
	20,286,477 $ 2,013,047) ( 18,273,430 41,310,424 59,583,854 $ 31%	24,160,571 $ 3,367,525) ( 20,793,046 39,879,138 60,672,184 $ 34%

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(2) Financial instruments

A. Financial instruments by category

Financial assets Financial assets at fair value through profit or loss Financial assets mandatorily measured at fair value through profit or loss Financial assets at amortised cost Financial liabilities Financial liabilities at fair value through profit or loss Financial liabilities designated as at fair value through profit or loss Financial liabilities at amortised cost Lease liability		December 31,2021		December 31,2020
		1,548,766 $ 8,181,354 $ - $ 21,128,851 $ 172,897 $		959,371 $ 7,938,453 $ 15,781 $ 24,880,939 $ - $

Note: Financial assets measured at amortised cost include cash and cash equivalents, accounts and notes receivable (including related parties), other receivables (including related parties), refundable deposits and financial assets measured at amortised cost – current. Financial liabilities measured at amortised cost include short-term borrowings, accounts and notes payable (including related parties), other payables, corporate bonds payable, long-term borrowings (including those maturing within one year or one business cycle) and guarantee deposits received.

• B. Financial risk management policies

The Company’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk, interest rate risk and price risk), credit risk and liquidity risk. To minimise any adverse effects on the financial performance of the Company, derivative financial instruments, such as foreign exchange forward contracts and foreign currency option contracts are used to hedge certain exchange rate risk, and interest rate swaps are used to fix variable future cash flows.

• C. Significant financial risks and degrees of financial risks

• (a) Market risk

Foreign exchange risk

• i.The Company’s operates internationally and is exposed to foreign exchange risk arising from the transactions of the Company and its subsidiaries used in various functional currency, primarily with respect to the USD and RMB. Foreign exchange risk arises from future commercial transactions and recognised assets and liabilities.

• ii.Management has set up a policy to require group companies to manage their foreign

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exchange risk against their functional currency. The companies are required to hedge their entire foreign exchange risk exposure with the Company treasury. Exchange rate risk is measured through a forecast of highly probable USD and RMB expenditures. Forward foreign exchange contracts are adopted to minimise the volatility of the exchange rate affecting cost of forecast inventory purchases.

• iii.The Company hedges foreign exchange rate by using forward exchange contracts. However, the Company does not adopt hedging accounting. Details of financial assets or liabilities at fair value through profit or loss are provided in Note 6(2).

• iv.The Company’s businesses involve some non-functional currency operations (the Company’s and certain subsidiaries’ functional currency: NTD; other certain subsidiaries’ functional currency: RMB and JPY). The information on assets and liabilities denominated in foreign currencies whose values would be materially affected by the exchange rate fluctuations is as follows:

fluctuations is as follows:
(Foreign currency: functional currency) Financial assets Monetary items USD:NTD RMB:NTD HKD:NTD JPY:NTD Investments accounted for under the equity method USD:NTD Financial liabilities Monetary items USD:NTD		Foreign currency amount (In thousands) Exchange rate Book value (NTD) 239,466 $ 27.68 6,628,419 $ 3,653 4.34 15,854 3 3.55 11 14 0.24 3 1,881,712 27.68 52,105,007 10,934 27.68 302,653 December 31,2021
		Foreign currency amount (In thousands) 239,466 $ 3,653 3 14 1,881,712 10,934	Exchange rate 27.68 4.34 3.55 0.24 27.68 27.68
				6,628,419 $ 15,854 11 3 52,105,007 302,653

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----- Start of picture text -----

December 31, 2020
Foreign currency
amount Book value
(In thousands) Exchange rate (NTD)
(Foreign currency: functional
currency)
Financial assets
Monetary items
USD:NTD $ 238,765 28.10 $ 6,709,297
RMB:NTD 28,169 4.31 121,408
HKD:NTD 3 3.62 11
JPY:NTD 2,300 0.27 621
Investments accounted for
under the equity method
USD:NTD 1,861,976 28.10 52,321,512
Financial liabilities
Monetary items
USD:NTD 13,680 28.10 384,408
----- End of picture text -----

• v. The total exchange gain (loss), including realised and unrealised arising from significant foreign exchange variation on the monetary items held by the Company for the years ended December 31, 2021 and 2020, amounted to ($70,923) and ($558,262), respectively.

• vi.Analysis of foreign currency market risk arising from significant foreign exchange variation:

variation:
(Foreign currency: functional currency) Financial assets Monetary items USD:NTD RMB:NTD HKD:NTD JPY:NTD Financial liabilities Monetary items USD:NTD		Year ended December 31,2021
			Effect on profit or loss Effect on other comprehensive income 53,027 $ - $ 127 - - - - - 2,421 - Sensitivityanalysis
		Degree of variation	Effect on profit or loss
		1% 1% 1% 1% 1%	53,027 $ 127 - - 2,421	- $ - - - -

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----- Start of picture text -----

Year ended December 31, 2020
Sensitivity analysis
Effect on other
Degree of Effect on comprehensive
variation profit or loss income
(Foreign currency: functional
currency)
Financial assets
Monetary items
USD:NTD 1% $ 53,674 $ -
RMB:NTD 1% 971 -
HKD:NTD 1% - -
JPY:NTD 1% 5 -
Financial liabilities
Monetary items
USD:NTD 1% 3,075 -
----- End of picture text -----

Price risk

• i. The Company’s equity securities, which are exposed to price risk, are the held financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income. To manage its price risk arising from investments in equity securities, the Company diversifies its portfolio. Diversification of the portfolio is done in accordance with the limits set by the Company.

• ii.The Company’s investments in equity securities comprise shares and open-end funds issued by the domestic companies. The prices of equity securities would change due to the change of the future value of investee companies. If the prices of these equity securities had increased/decreased by 1% with all other variables held constant, post-tax profit for the years ended December 31, 2021 and 2020 would have increased/decreased by $12,390 and $9,594, respectively, as a result of gains/losses on equity securities classified as at fair value through profit or loss.

Cash flow and fair value Interest rate risk

• i. The Company’s main interest rate risk arises from long-term borrowings with variable rates, which expose the Company to cash flow interest rate risk. During 2021 and 2020, the Company’s borrowings at variable rate were mainly denominated in New Taiwan dollars.

• ii.The Company’s borrowings are measured at amortised cost. The borrowings are periodically contractually repriced and to that extent are also exposed to the risk of future changes in market interest rates.

• iii. If the borrowing interest rate had increased/decreased by 1% with all other variables held constant, profit, net of tax for the years ended December 31, 2021 and 2020 would have decreased/increased by $122,292 and $153,285, respectively. The main factor is that

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changes in interest expense result from floatingrate borrowings.

• (b) Credit risk

• i. Credit risk refers to the risk of financial loss to the Company arising from default by the clients or counterparties of financial instruments on the contract obligations. The main factor is that counterparties could not repay in full the accounts receivable based on the agreed terms, and the contract cash flows of debt instruments stated at amortised cost.

• ii. According to the Company’s credit policy, each local entity in the Company is responsible for managing and analysing the credit risk for each of their new clients before standard payment and delivery terms and conditions are offered. Internal risk control assesses the credit quality of the customers, taking into account their financial position, past experience and other factors.

• iii. Individual risk limits are set based on internal or external ratings in accordance with limits set by the management of credit manage. The utilisation of credit limits is regularly monitored.

• iv. For banks and financial institutions, only independently rated parties with a best rating are accepted.

• v. The Company adopts following assumptions under IFRS 9 to assess whether there has been a significant increase in credit risk on that instrument since initial recognition:

• (i) If the contract payments were past due over 30 days based on the terms, there has been a significant increase in credit risk on that instrument since initial recognition.

• (ii) If any external credit rating agency rates these bonds as investment grade, the credit risk of these financial assets is low.

• vi. The Company adopts the assumption under IFRS 9, that is, the default occurs when the contract payments are reclassified to overdue receivables as the Company expects them to be uncollectible.

• vii. The following indicators are used to determine whether the credit impairment of debt instruments has occurred:

• (i) It becomes probable that the issuer will enter bankruptcy or other financial reorganization due to their financial difficulties;

• (ii) The disappearance of an active market for that financial asset because of financial difficulties;

• (iii) Default or delinquency in interest or principal repayments;

• (iv) Adverse changes in national or regional economic conditions that are expected to cause a default.

• viii. The Company classifies customer’s accounts receivable in accordance with customer types. The Company applies the modified approach using provision matrix to estimate expected credit loss under the provision matrix basis.

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ix. The Company used the forecastability to adjust historical and timely information to assess the default possibility of accounts receivable, contract assets and lease payments receivable. On December 31, 2021 a nd 2020, the provision matrix is as follows:

At December 31, 2021 Expected loss rate Total book value Loss allowance Expected loss rate Total book value Loss allowance A tDecember 31, 2020 Expected loss rate Total book value Loss allowance Expected loss rate Total book value Loss allowance		Notpast due 0.03% 4,055,234 $ 702) ( 181~270 days past due	Notpast due 0.03% 4,055,234 $ 702) ( 181~270 days past due
		100.00% - $ - Notpast due
	0.04% 3,102,784 $ 665) ( 181~270 days past due		0.08% 405,342 $ 3,229) ( Over 270 days past due 100.00% 682 $ 682) (
	100.00% - $ -

x. Movements in relation to the Company applying the modified approach to provide loss allowance for accounts receivable is as follows:

allowance for accounts receivable is as follows:
At January 1 Provision Write-offs At December 31		Accounts receivable 2021
		4,576 $ 750 - 5,326 $

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		2020
		Accounts
		receivable
At January 1	$	14,287
Provision for impairment		1,500
Write-offs	(	11,211)
At December 31	$	4,576

(c) Liquidity risk

• i. Cash flow forecasting is performed in the operating entities of the Company and aggregated by Company treasury. Company treasury monitors rolling forecasts of the Company’s liquidity requirements to ensure it has sufficient cash to meet operational needs.

• ii. The table below analyses the Company’s non-derivative financial liabilities and net-settled or gross-settled derivative financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date for nonderivative financial liabilities and to the expected maturity date for derivative financial liabilities. The amounts disclosed in the table are the contractual undiscounted cash flows:

December 31,2021	Less than 1 year 40,000 $ 1,820,814 45,238 Less than 1 year - $ Less than 1 year		Between 1 and 2years		Between 2 and 5years 5,025,973 $ 4,041,712 86,822 Between 2 and 5years	Between 2 and 5years 5,025,973 $ 4,041,712 86,822 Between 2 and 5years	Over 5 years
Non-derivative financial liabilities Bonds payable Long-term borrowings (including current portion) Lease liabilities December 31,2021			40,000 $ 5,809,961 45,464 Between 1 and 2years				- $ - - Over 5 years
Derivative financial liabilities Forward exchange contracts December31,2020 Non-derivative financial liabilities Bonds payable Long-term borrowings (including current portion) Guarantee deposits December31,2020 Derivative financial liabilities Forward exchange contracts			- $ Between 1 and2years		- $ Between 2 and 5 years
	40,000 $ 2,885,773 - Less than 1 year		40,000 $ 2,420,318 9,492 Between 1 and2years		5,065,973 $ 8,648,122 - Between 2 and 5 years
	15,781 $		- $		- $

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Except for the above, the Company’s non-derivative financial liabilities all are matured within 1 year.

     - iii.The Company does not expect the maturity date will be early, or the actual amount will be different.

• (3) Fair value information

• A. 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:

  • 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 Company’s investment in listed stocks and beneficiary certificates is included in Level 1.

  • Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The fair value of the Company’s investment in off-the-run beneficiary certificates, bank debentures, convertible bonds and derivative instruments is included in Level 2.

  • Level 3: Unobservable inputs for the asset or liability. The fair value of the Company’s investment in investment property is included in Level 3.

• B. Financial instruments not measured at fair value

• C. 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 at December 31, 2021 and 2020 is as follows:

  • (a) The related information of natures of the assets and liabilities is as follows:

December31,2021 Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Forward exchange contracts Beneficiary certificates	Level 1 1,088,176 $ - - 1,088,176 $	Level 2 - $ 2,727 457,863 460,590 $	Level3 - $ - - - $	Total
				1,088,176 $ 2,727 457,863
				1,548,766 $

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==> picture [448 x 213] intentionally omitted <==

----- Start of picture text -----

December 31, 2020 Level 1 Level 2 Level 3 Total
Assets
Recurring fair value measurements
Financial assets at fair value
through profit or loss
- -
Equity securities $ 651,483 $ $ $ 651,483
- -
Debt securities 9,351 9,351
- -
Beneficiary certificates 298,537 298,537
- -
Investment property (Note 1) 1,921,453 1,921,453
Liabilities
Recurring fair value measurements
Forward exchange contracts - ( 15,781) - ( 15,781)
$ 651,483 $ 292,107 $ 1,921,453 $ 2,865,043
----- End of picture text -----

Note 1: Investment property measured at fair value

• (b) The methods and assumptions the Company used to measure fair value are as follows:

• i. The instruments the Company used market quoted prices as their fair values (that is, Level 1) are listed below by characteristics:

Listed shares Open-end fund Net asset Market quoted price Closing price value

• ii.Except for financial instruments with active markets, the fair value of other financial instruments is measured by using valuation techniques or by reference to counterparty quotes. The fair value of financial instruments measured by using valuation techniques can be referred to current fair value of instruments with similar terms and characteristics in substance, discounted cash flow method or other valuation methods, including calculated by applying model using market information available at the balance sheet date (i.e. yield curves on the Taipei Exchange, average commercial paper interest rates quoted from Reuters).

• iii.When assessing non-standard and low-complexity financial instruments, for example, debt instruments without active market, interest rate swap contracts, foreign exchange swap contracts and options, the Company adopts valuation technique that is widely used by market participants. The inputs used in the valuation method to measure these financial instruments are normally observable in the market.

• iv.The valuation of derivative financial instruments is based on valuation model widely accepted by market participants, such as present value techniques and option pricing models. Forward exchange contracts are usually valued based on the current forward

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exchange rate.

• v. The output of valuation model is an estimated value and the valuation technique may not be able to capture all relevant factors of the Company’s financial and non-financial instruments. Therefore, the estimated value derived using valuation model is adjusted accordingly with additional inputs, for example, model risk or liquidity risk and etc. In accordance with the Company’s management policies and relevant control procedures relating to the valuation models used for fair value measurement, management believes adjustment to valuation is necessary in order to reasonably represent the fair value of financial and non-financial instruments at the balance sheet. The inputs and pricing information used during valuation are carefully assessed and adjusted based on current market conditions.

• vi. The Company 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 Company’s credit quality.

• D. For the years ended December 31, 2021 and 2020, there was no transfer between Level 1 and Level 2.

• E. The movement of Level 3 for the years ended December 31, 2021 and 2020 are provided in Note 6(9).

• F. For the years ended December 31, 2021 and 2020, there was no transfer into or out from Level 3.

• G.Financial and Administrative segment is in charge of valuation procedures for fair value measurements being categorised within Level 3 (investment property), which is based on the valuation methods and assumptions announced by the Financial Supervisory Commission, Securities and Futures Bureau or through outsourced appraisal performed by the external valuer. The Company set up valuation policies, valuation processes and rules for measuring fair value of investment property and ensure compliance with the related requirements in IFRS.

~68~

• H. The following is the qualitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:

Fair value at Significant Range December 31, Valuation unobservable (weighted Relationship of 2020 technique input average) inputs to fair value Investment $ 1,921,453 Income Long-term rent (Note 1) The higher the property approach of revenue growth long-term rent discounted rate and discount revenue growth cash flow rate rate, the higher the method fair value; The higher the discount rate, the lower the fair value

Note 1: The range of long-term rent revenue growth rate is 1%; the range of discount rate is provided in Note 6(9).

13. SUPPLEMENTARY DISCLOSURES

(1) Significant transactions information

• A. Loans to others: Please refer to table 1.

• B. Provision of endorsements and guarantees to others: Please refer to table 2.

• C. Holding of marketable securities at the end of the period (not including subsidiaries, associates and joint ventures): Please refer to table 3.

• D. Acquisition or sale of the same security with the accumulated cost exceeding $300 million or 20% of the Company’s paid-in capital: None.

• E. Acquisition of real estate reaching $300 million or 20% of paid-in capital or more: Please refer to table 4.

• F. Disposal of real estate reaching $300 million or 20% of paid-in capital or more: Please refer to table 5.

• G. Purchases or sales of goods from or to related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 6.

• H. Receivables from related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 7.

• I. Trading in derivative instruments undertaken during the reporting period: As of December 31, 2021, the Company’s open interest derivative instruments amounted to $2,757. The Company recognised net gain amounting to $5,221 on derivative instruments in 2021.

• J. Significant inter-company transactions during the reporting periods: Please refer to table 8.

(2) Information on investees

Names, locations and other information of investee companies (not including investees in Mainland

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China) ： Please refer to table 9.

(3) Information on investments in Mainland China

• A. Basic information: Please refer to table 10.

• B. Ceiling on investments in Mainland China: Please refer to table 10.

• C. Significant transactions, price, payment term and unrealised gain or loss, either directly or indirectly through a third area, with investee companies in the Mainland Area: Significant sales (purchases), property transactions, accounts receivable (payable), provision of endorsements and guarantees from notes or provides collaterals and accommodation of funds, either directly or indirectly through a third area, with investee companies in the Mainland Area: Provided in Note13(1) A, B, E, G, H, J.

(4) Major shareholders information

Major shareholders information: Please refer to table 11.

14. Segment Information

None.

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CLEVO CO. and Subsidiaries Loans to others Year ended December 31, 2021

Table 1

Expressed in thousands of NTD (Except as otherwise indicated)

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	Other receivables - related parties - current	Yes	133,043 $	103,526 $	103,526 $	5.00%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	254,930	254,930	254,930	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	15,192	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other receivables - related parties - current	Yes	34,726	34,726	34,726	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other receivables - related parties - current	Yes	91,589	45,143	45,143	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	172,543	169,071	169,071	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	138,035	138,035	138,035	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	Other receivables - related parties - current	Yes	29,734	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	404,989	404,989	404,989	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Other receivables - related parties - current	Yes	240,176	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other receivables - related parties - current	Yes	17,363	17,363	17,363	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow (Chongqing) Industry Co., Ltd.	Other receivables - related parties - current	Yes	7,379	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	149,321	104,828	104,828	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 1

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	Other receivables - related parties - current	Yes	130,569 $	130,569 $	130,569 $	4.35%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	Other receivables - related parties - current	Yes	157,134	27,346	27,346	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Clevo (China) Investment Co., Ltd.	Other receivables - related parties - current	Yes	108,518	108,518	108,518	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	53,912	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	318,825	318,825	318,825	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	13,022	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other receivables - related parties - current	Yes	54,259	45,577	45,577	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other receivables - related parties - current	Yes	370,480	370,480	370,480	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other receivables - related parties - current	Yes	175,582	162,560	162,560	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	30,819	30,819	30,819	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	33,858	33,858	33,858	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Hangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	129,787	-	-	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Nanchang) Industry Co., Ltd.	Other receivables - related parties - current	Yes	320,996	320,996	320,996	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 2

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	170,590 $	170,590 $	170,590 $	4.50%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other receivables - related parties - current	Yes	170,677	170,677	170,677	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other receivables - related parties - current	Yes	644,900	644,900	644,900	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other receivables - related parties - current	Yes	97,232	97,232	97,232	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	88,551	88,551	88,551	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Shantou Buynow Mall Co., Ltd.	Other receivables - related parties - current	Yes	495,362	495,362	495,362	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Clevo (China) Investment Co., Ltd.	Other receivables - related parties - current	Yes	173,629	173,629	173,629	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Yingkou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	82,474	82,474	82,474	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	431,901	431,901	431,901	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	193,596	193,596	193,596	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	549,968	549,968	549,968	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Kunshan Kaishuo Trading Co., Ltd.	Other receivables - related parties - current	Yes	173,629	173,629	173,629	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other receivables - related parties - current	Yes	390,664	260,443	260,443	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 3

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Hangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	65,111 $	59,468 $	59,468 $	5.00%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	63,591	63,591	63,591	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other receivables - related parties - current	Yes	32,555	32,555	32,555	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	259,922	198,067	198,067	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	75,181	62,159	62,159	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	79,869	74,226	74,226	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	21,704	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other receivables - related parties - current	Yes	229,276	93,412.00	93,412.00	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	Other receivables - related parties - current	Yes	90,157	90,157	90,157	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	6,511	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other receivables - related parties - current	Yes	13,022	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other receivables - related parties - current	Yes	165,989	80,911	80,911	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Beijing Kaiye Electronic Technology Co., Ltd.	Other receivables - related parties - current	Yes	54,259	-	-	0.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 4

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Clevo (China) Investment Co., Ltd.	Other receivables - related parties - current	Yes	69,451 $	60,770 $	60,770 $	4.35%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	100,357	100,357	100,357	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	182,918	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other receivables - related parties - current	Yes	9,723	9,723.00	9,723.00	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	Other receivables - related parties - current	Yes	122,625	122,625	122,625	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	157,568	157,568	157,568	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Yingkou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	114,985	114,985	114,985	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	52,306	35,811	35,811	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	60,162	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	34,292	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	61,899	59,728	59,728	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other receivables - related parties - current	Yes	186,868	165,164	165,164	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424 $	Note 8
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other receivables - related parties - current	Yes	250,416	124,969	124,969	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 5

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other receivables - related parties - current	Yes	46,576 $	- $	- $	4.35%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	47,704	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other receivables - related parties - current	Yes	193,162	193,162	193,162	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Buynow (Chongqing) Industry Co., Ltd.	Other receivables - related parties - current	Yes	8,681	4,341	4,341	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other receivables - related parties - current	Yes	17,363	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Clevo (China) Investment Co., Ltd.	Other receivables - related parties - current	Yes	93,759	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	26,044	24,742	24,742	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	36,896	17,363	17,363	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other receivables - related parties - current	Yes	37,287	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other receivables - related parties - current	Yes	89,766	76,744	76,744	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	183,395	148,669	148,669	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	108,518	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
11	Quality Trust Property Management Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other receivables - related parties - current	Yes	218,555	218,555	218,555	3.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 6

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
11	Quality Trust Property Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	35,811 $	- $	- $	3.00%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
11	Quality Trust Property Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	8,681	5,209.00	5,209.00	3.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Nanchang) Industry Co., Ltd.	Other receivables - related parties - current	Yes	63,374	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other receivables - related parties - current	Yes	229,190	217,904	217,904	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other receivables - related parties - current	Yes	230,275	230,275	230,275	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	29,734	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	Other receivables - related parties - current	Yes	151,925	65,111	65,111	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	13,022	13,022	13,022	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	131,558	106,382	106,382	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other receivables - related parties - current	Yes	150,623	21,704	21,704	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
13	Wuxi Quntai Property Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	26,478	26,478	26,478	3.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
14	Buynow (Chongqing) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	79,435	72,490	72,490	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
15	Shanghai Buynow Electronic Products Market Management Co.,Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	81,605	81,605	81,605	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 7

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
15	Shanghai Buynow Electronic Products Market Management Co.,Ltd.	Buynow (Xian) Industry Co., Ltd.	Other receivables - related parties - current	Yes	6,511 $	- $	- $	5.00%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
15	Shanghai Buynow Electronic Products Market Management Co.,Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	Other receivables - related parties - current	Yes	280,367	280,367	280,367	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
15	Shanghai Buynow Electronic Products Market Management Co.,Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	228,842	196,721	196,721	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
15	Shanghai Buynow Electronic Products Market Management Co.,Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	335,537	318,174	318,174	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
15	Shanghai Buynow Electronic Products Market Management Co.,Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other receivables - related parties - current	Yes	4,688	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
15	Shanghai Buynow Electronic Products Market Management Co.,Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other receivables - related parties - current	Yes	240,562	205,837	205,837	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
15	Shanghai Buynow Electronic Products Market Management Co.,Ltd.	Shanghai Huizhuan Restaurant Management Co., Ltd.	Other receivables - related parties - current	Yes	31,253	31,253	31,253	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
16	Daqing Buynow Electronic Information Corporation	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	128,919	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	156,700	156,700	156,700	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Other receivables - related parties - current	Yes	13,673	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other receivables - related parties - current	Yes	70,320	61,638	61,638	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	Other receivables - related parties - current	Yes	252,890	252,890	252,890	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	142,132	129,110	129,110	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 8

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
17	Tianjin Buynow Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	87,813 $	4,341 $	4,341 $	4.35%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	95,452	95,452	95,452	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other receivables - related parties - current	Yes	102,875	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Beijing Kaiye Electronic Technology Co., Ltd.	Other receivables - related parties - current	Yes	21,704	21,704	21,704	0.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Daqing Buynow Electronic Information Corporation	Other receivables - related parties - current	Yes	30,385	30,385	30,385	0.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Shantou Buynow Mall Co., Ltd.	Other receivables - related parties - current	Yes	483,338	266,303	266,303	0.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	342,916	342,916	342,916	0.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	24,525	24,525	24,525	0.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
19	Beijing Clevo Investment Management Consultant Co.,Ltd.	Buynow (Hangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	26,044	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
19	Beijing Clevo Investment Management Consultant Co.,Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	Other receivables - related parties - current	Yes	259,575	245,250	245,250	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
19	Beijing Clevo Investment Management Consultant Co.,Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	Other receivables - related parties - current	Yes	293,866	276,503	276,503	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Hangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	17,363	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	374,560	350,686	350,686	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 9

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Nanchang) Industry Co., Ltd.	Other receivables - related parties - current	Yes	90,504 $	- $	- $	4.35%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow(Guangzhou) Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	107,606	72,881	72,881	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	Other receivables - related parties - current	Yes	132,218	71,448	71,448	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other receivables - related parties - current	Yes	53,825	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other receivables - related parties - current	Yes	71,492	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	Other receivables - related parties - current	Yes	19,056	19,056	19,056	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	25,176	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	258,706	233,530	233,530	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Suzhou Jinzuo Industry Co., Ltd.	Other receivables - related parties - current	Yes	269,819	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	303,850	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	243,731	243,731	243,731	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other receivables - related parties - current	Yes	81,171	81,171	81,171	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other receivables - related parties - current	Yes	358,977	229,624	229,624	4.35%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 10

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
21	Shantou Buynow Mall Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other receivables - related parties - current	Yes	34,726 $	34,726 $	34,726 $	5.00%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
21	Shantou Buynow Mall Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	Other receivables - related parties - current	Yes	73,792	73,792	73,792	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
21	Shantou Buynow Mall Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	Other receivables - related parties - current	Yes	438,412	99,402	99,402	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
21	Shantou Buynow Mall Co., Ltd.	Clevo (China) Investment Co., Ltd.	Other receivables - related parties - current	Yes	197,502	81,171	81,171	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
21	Shantou Buynow Mall Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	452,129	452,129	452,129	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
21	Shantou Buynow Mall Co., Ltd.	Suzhou Jinzuo Industry Co., Ltd.	Other receivables - related parties - current	Yes	297,556	297,556	297,556	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
21	Shantou Buynow Mall Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	102,875	97,232	97,232	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
21	Shantou Buynow Mall Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	434,071	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
22	Clevo (China) Investment Co., Ltd.	Shanghai Buynow Online Information Technology Co., Ltd.	Other receivables - related parties - current	Yes	11,286	11,286	11,286	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
22	Clevo (China) Investment Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	Other receivables - related parties - current	Yes	73,792	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
22	Clevo (China) Investment Co., Ltd.	Shanghai Huizhuan Restaurant Management Co., Ltd.	Other receivables - related parties - current	Yes	1,085	1,085	1,085	0.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
23	Dezhou Buynow Electronic Information Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other receivables - related parties - current	Yes	60,770	60,770	60,770	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
23	Dezhou Buynow Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other receivables - related parties - current	Yes	26,044	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Table 1 Page 11

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the year ended December 31, 2021 (Note 3)	Balance at December 31, 2021 (Note 8)	Actual amount drawn down	Interest rate	Nature of loan (Note 4)	Amount of transactions with the borrower (Note 5)	Reason for short- term financing (Note 6)	Allowance for doubtful account	Collateral	Collateral	Limit on loans granted to a single party (Note 7)	Ceiling on total loans granted (Note 7)	Footnote
													Item	Value
23	Dezhou Buynow Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	Other receivables - related parties - current	Yes	173,629 $	- $	- $	5.00%	2	- $	Additional operating capital	- $	-	- $	16,524,170 $	41,310,424 $	Note 8
24	Kunshan Kaishuo Trading Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other receivables - related parties - current	Yes	110,601	110,601	110,601	4.50%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8
25	Shanghai Huihei Advertisment Co., Ltd.	Beijing Kaiye Electronic Technology Co., Ltd.	Other receivables - related parties - current	Yes	2,170	-	-	0.00%	2	-	Additional operating capital	-	-	-	16,524,170	41,310,424	Note 8

Note 1: The numbers filled in for the loans provided by the Company or subsidiaries are as follows:

• (1) The Company is ‘0’.

• (2) The subsidiaries are numbered in order starting from ‘1’.

Note 2: Fill in the name of account in which the loans are recognised, such as receivables–related parties, current account with stockholders, prepayments, temporary payments, etc.

Note 3: Fill in the maximum outstanding balance of loans to others during year ended December 31, 2021.

Note 4: The nature of loans：

• (1) Related to business transactions is"1".

• (2) short-term financing is "2".

• Note 5: In accourdance with the Article 4 of the Company's "Procedured for Provision of Loans" the liait on the loans to a party with business transactions is lower than the amount occurred between the creditor and borrower in the current year when nature of the loan is related to business transactions.

Note 6: Fill in purpose of loan when nature of loan is for short-term financing, for example, repayment of loan, acquisition of equipment, working capital, etc.

Note 7: According to the Company’s “Procedures for Provision of Loans”

• (1) The ceiling on loans granted by the Company to other shall not be more than 40% of the Company's net asstes.

• (2) The limit on loans granted by the Company to a single party shall not be more than 30% of the Company's net assets.

Note 8:According to the Subsidiaries' “Procedures for Provision of Loans”

• (1) The limit on loans granted by a subsidiary to a single party in which the Company directly and indirectly holds 100% of the voting shares shall not be more than 40% of the Company's net assets.

• (2) The ceiling on loans to others in which the Company directly and indirectly holds 100% of the voting shares shall not be more than 100% of the Company's net assets.

• (3) The ceiling on loans to others in which the Company directly and indirectly holds 100% of the voting shares limit to other single party is 40% of the subsidiary's net assets.

• Note 9: The amounts of funds to be loaned to others which have been approved by the board of directors of a public company in accordance with Article 14, Item 1 of the "Regulations Governing Loaning of Funds and

• Making of Endorsements/Guarantees by Public Companies" should be included in its published balance of loans to others at the end of the reporting period to reveal the risk of loaning the public

• company bears, even though they have not yet been appropriated. However, this balance should exclude the loans repaid when repayments are done subsequently to reflect the risk adjustment. In addition, if

• the board of directors of a public company has authorized the chairman to loan funds in instalments or in revolving within certain lines and within one year in accordance with Article 14, Item 2 of the

• “Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies”, the published balance of loans to others at the end of the reporting period should also include these

• lines of loaning approved by the board of directors, and these lines of loaning should not be excluded from this balance even though the loans are repaid subsequently, for taking into consideration they could be loaned again thereafter.

Table 1 Page 12

CLEVO CO. and Subsidiaries Provision of endorsements and guarantees to others Year ended December 31, 2021

Table 2

Expressed in thousands of NTD (Except as otherwise indicated)

Number （Note 1）	Endorser/ guarantor	Party being endorsed/guaranteed	Party being endorsed/guaranteed	Limit on endorsements/ guarantees provided for a single party （Note 3）	Maximum outstanding endorsement/ guarantee amount as of December 31, 2021 （Note 4）	Outstanding endorsement/ guarantee amount at December 31, 2021 （Note 5）	Actual amount drawn down （Note 6）	Amount of endorsements/ guarantees secured with collateral	Ratio of accumulated endorsement/ guarantee amount to net asset value of the endorser/guarantor company	Ceiling on total amount of endorsements/ guarantees provided （Note 3）	Provision of endorsements/ guarantees by parent company to subsidiary （Note 7）	Provision of endorsements/ guarantees by subsidiary to parent company （Note 7）	Provision of endorsements/ guarantees to the party in Mainland China （Note 7）	Footnote
		Company name	Relationship with the endorser/ guarantor （Note 2）
1	Changsha Hungyu Business Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	41,310,424 $	765,699 $	765,699 $	674,545 $	765,699 $	1.85	41,310,424 $	N	N	Y	-
2	Buynow (Hangzhou) Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	41,310,424	173,628	173,628	156,265	-	0.42	41,310,424	N	N	Y	-
2	Buynow (Hangzhou) Electronic Information Co., Ltd.	Buynow (Chongqing) Industry Co., Ltd.	3	41,310,424	342,915	342,915	325,553	-	0.83	41,310,424	N	N	Y	-
2	Buynow (Hangzhou) Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	41,310,424	130,221	130,221	12,501	130,221	0.32	41,310,424	N	N	Y	-
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	41,310,424	1,085,175	824,733	101,334	824,733	2.63	41,310,424	N	N	Y	-
4	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	3	41,310,424	1,562,652	1,562,652	1,367,321	1,562,652	3.78	41,310,424	N	N	Y	-
4	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	41,310,424	765,699	765,699	674,545	-	1.85	41,310,424	N	N	Y	-

Table 2 Page 1

Number （Note 1）	Endorser/ guarantor	Party being endorsed/guaranteed	Party being endorsed/guaranteed	Limit on endorsements/ guarantees provided for a single party （Note 3）	Maximum outstanding endorsement/ guarantee amount as of December 31, 2021 （Note 4）	Outstanding endorsement/ guarantee amount at December 31, 2021 （Note 5）	Actual amount drawn down （Note 6）	Amount of endorsements/ guarantees secured with collateral	Ratio of accumulated endorsement/ guarantee amount to net asset value of the endorser/guarantor company	Ceiling on total amount of endorsements/ guarantees provided （Note 3）	Provision of endorsements/ guarantees by parent company to subsidiary （Note 7）	Provision of endorsements/ guarantees by subsidiary to parent company （Note 7）	Provision of endorsements/ guarantees to the party in Mainland China （Note 7）	Footnote
		Company name	Relationship with the endorser/ guarantor （Note 2）
5	Buynow Electronic Information (Shenyang) Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	41,310,424 $	1,085,175 $	1,085,175 $	922,399 $	- $	2.63	41,310,424 $	N	N	Y	-
6	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	3	41,310,424	260,442	260,442.00	225,716.00	-	0.63	41,310,424	N	N	Y	-
7	Buynow (Xian) Industry Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	41,310,424	694,512	-	-	-	1.68	41,310,424	N	N	Y	-
8	Buynow Electronic Information (Huizhou) Co., Ltd	Guangdong Buynow Real Estate Management Co., Ltd.	3	41,310,424	781,326	-	-	-	1.89	41,310,424	N	N	Y	-
9	Zibo Buynow Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	41,310,424	199,672	199,672	199,672	199,672	0.48	41,310,424	N	N	Y	-
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	41,310,424	434,070	434,070	-	434,070	1.05	41,310,424	N	N	Y	-
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Buynow (Hangzhou) Electronic Information Co., Ltd.	3	41,310,424	130,221	-	-	-	0.32	41,310,424	N	N	Y	-
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Buynow (Zhengzhou) Electronic Information Co., Ltd.	3	41,310,424	130,221	-	-	-	0.32	41,310,424	N	N	Y	-

Table 2 Page 2

Number （Note 1）	Endorser/ guarantor	Party being endorsed/guaranteed	Party being endorsed/guaranteed	Limit on endorsements/ guarantees provided for a single party （Note 3）	Maximum outstanding endorsement/ guarantee amount as of December 31, 2021 （Note 4）	Outstanding endorsement/ guarantee amount at December 31, 2021 （Note 5）	Actual amount drawn down （Note 6）	Amount of endorsements/ guarantees secured with collateral	Ratio of accumulated endorsement/ guarantee amount to net asset value of the endorser/guarantor company	Ceiling on total amount of endorsements/ guarantees provided （Note 3）	Provision of endorsements/ guarantees by parent company to subsidiary （Note 7）	Provision of endorsements/ guarantees by subsidiary to parent company （Note 7）	Provision of endorsements/ guarantees to the party in Mainland China （Note 7）	Footnote
		Company name	Relationship with the endorser/ guarantor （Note 2）
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Tianjin Buynow Electronic Information Co., Ltd.	3	41,310,424 $	52,088 $	- $	- $	- $	0.13	41,310,424 $	N	N	Y	-
11	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Kapok Computer (Kunshan) Co., Ltd.	3	41,310,424	844,327	844,327	647,068	844,327	2.04	41,310,424	N	N	Y	-
11	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	41,310,424	424,086	-	-	-	1.03	41,310,424	N	N	Y	-
12	Buynow (Chongqing) Industry Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	41,310,424	217,035	173,628	156,265	173,628	0.53	41,310,424	N	N	Y	-
13	Buynow (Changchun) Industry Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	41,310,424	303,849	303,849	224,414	303,849	0.74	41,310,424	N	N	Y	-
13	Buynow (Changchun) Industry Co., Ltd.	Buynow (Fujian) Electronic Technology Development Co., Ltd.	3	41,310,424	156,265	156,265	147,584	156,265	0.38	41,310,424	N	N	Y	-
14	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	41,310,424	416,707	416,707	416,707	416,707	1.01	41,310,424	N	N	Y	-
15	Guangdong Buynow Real Estate Management Co., Ltd.	The Company	3	41,310,424	1,300,000	-	-	-	3.15	41,310,424	N	Y	N	-

Table 2 Page 3

Number （Note 1）	Endorser/ guarantor	Party being endorsed/guaranteed	Party being endorsed/guaranteed	Limit on endorsements/ guarantees provided for a single party （Note 3）	Maximum outstanding endorsement/ guarantee amount as of December 31, 2021 （Note 4）	Outstanding endorsement/ guarantee amount at December 31, 2021 （Note 5）	Actual amount drawn down （Note 6）	Amount of endorsements/ guarantees secured with collateral	Ratio of accumulated endorsement/ guarantee amount to net asset value of the endorser/guarantor company	Ceiling on total amount of endorsements/ guarantees provided （Note 3）	Provision of endorsements/ guarantees by parent company to subsidiary （Note 7）	Provision of endorsements/ guarantees by subsidiary to parent company （Note 7）	Provision of endorsements/ guarantees to the party in Mainland China （Note 7）	Footnote
		Company name	Relationship with the endorser/ guarantor （Note 2）
15	Guangdong Buynow Real Estate Management Co., Ltd.	Kapok Computer (Kunshan) Co., Ltd.	3	41,310,424 $	2,075,625 $	2,075,625 $	- $	2,075,625 $	5.02	41,310,424 $	N	N	Y	-
16	Buynow (Harbin) Industry Co., Ltd.	Suzhou Jinzuo Industry Co., Ltd.	3	41,310,424	390,663	390,663	227,887	390,663	0.95	41,310,424	N	N	Y	-
17	Taizhou Buynow Electronic Information Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	41,310,424	520,884	-	-	-	1.26	41,310,424	N	N	Y	-

• Note 1: The numbers filled in for the endorsements/guarantees provided by the Company or subsidiaries are as follows:

• (1) The Company is ‘0’.

• (2) The subsidiaries are numbered in order starting from ‘1’.

• Note 2: Relationship between the endorser/guarantor and the party being endorsed/guaranteed is classified into the following seven categories; fill in the number of category each case belongs to:

• (1) Having business relationship.

• (2) The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed/guaranteed subsidiary.

• (3) The endorsed/guaranteed company owns directly and indirectly more than 50% voting shares of the endorser/guarantor company.

• (4) The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed/guaranteed company.

• (5) Mutual guarantee of the trade made by the endorsed/guaranteed company or joint contractor as required under the construction contract.

• (6) Due to joint venture, all shareholders provide endorsements/guarantees to the endorsed/guaranteed company in proportion to its ownership.

• Note 3: In accordance with Company's procedures of endorsements and guarantees, limit on the Company's total guarantee amount is 200% of the Company's net assets, and the limit on endorsement/guarantee

• to a single party is 100% of the aforementioned total amount. The limit on total guarantee amount and the endorsement/guarantee to a single party of the subsidiaries owned directly or

• indirectly 100% voting shares by the Company are both 200% of the Company's net assets. The limit on total guarantee amount and the endorsement/guarantee to a single party of the subsidiaries owned directly or indirectly 100% voting shares by the Company are both 200% of the Company's net assets.

• Note 4: Fill in the year-to-date maximum outstanding balance of endorsements/guarantees provided as of the reporting period.

• Note 5: Fill in the amount approved by the Board of Directors or the chariman if the chairman has been authorised by the Board of Directors based on subparagraph 8, Article 12 of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies.

Note 6: Fill in the actual amount of endorsements/guarantees used by the endorsed/guaranteed company.

• Note 7: Fill in ‘Y’ for those cases of provision of endorsements/guarantees by listed parent company to subsidiary and provision by subsidiary to listed parent company, and provision to the party in Mainland China.

• Note 8: The limit on the Company and the subsidiaries' total endorsement/guarantee amount is 300% of the Company's net assets.

• Note 9: The limit on endorsement/guarantee to a single party of the Company and the subsidiaries is 100% of the Company's net assets.

• Note 10: When the total guarantee amount of the Company and the subsidiaries reached 50% of the Company's net assets, it is necessary to explain the necessity and reasonableness at the shareholders' meeting.

• Note 11: In accordance with Article 5 of the Company's procedures of endorsements and guarantees, due to the endorsement of the business relationship, the limit on endorsement/guarantee to a single party due to business relationship shall not exceed the limit mentioned in Note 3 and the actual sales amount between of the single enterprise and the guarantee company within the last year.

Table 2 Page 4

Expressed in thousands of NTD (Except as otherwise indicated)

CLEVO CO. and Subsidiaries Holding of marketable securities at the end of the period (not including subsidiaries, associates and joint ventures) December 31, 2021

Table 3

Securities held by	Marketable securities （Note 1）	Relationship with the securities issuer （Note 2）	General ledger account	As of December 31,2021	As of December 31,2021	As of December 31,2021	As of December 31,2021	Footnote （Note 4）
				Number of shares	Book value （Note 3）	Ownership	Fair value
	Stocks
The Company	TAIWAN BUSINESS BANK,LTD.	-	Current financial assets measured at fair value through profit or loss	8,226,325	81,441 $	0.11%	81,441 $	-
The Company	CHICONY ELECTRONICS CO., LTD.	Same chairman as the Company	Current financial assets measured at fair value through profit or loss	4,697,000	386,563	0.63%	386,563	-
The Company	AU Optronics Corp.	-	Current financial assets measured at fair value through profit or loss	2,244,989	51,410	0.02%	51,410	-
The Company	INNOLUX CORPORATION	-	Current financial assets measured at fair value through profit or loss	51,219	1,004	0.00%	1,004	-
The Company	Zhen Ding Technology Holding Limited	-	Current financial assets measured at fair value through profit or loss	380,000	38,190	0.05%	38,190	-
The Company	BOE TECHNOLOGY GROUP CO., LTD	-	Current financial assets measured at fair value through profit or loss	200,000	4,384	0.00%	4,384	-
The Company	TRIPOD TECHNOLOGY CORPORATION	-	Current financial assets measured at fair value through profit or loss	120,000	14,940	0.02%	14,940	-
The Company	Foxconn Industrial Internet Co.,ltd.	-	Current financial assets measured at fair value through profit or loss	1,760,000	91,064	0.01%	91,064	-
The Company	Sports Gear Co., Ltd.	-	Current financial assets measured at fair value through profit or loss	70,000	4,732	0.04%	4,732	-
The Company	CTBC Financial Holding Co., Ltd.	-	Current financial assets measured at fair value through profit or loss	2,000,000	51,900	0.01%	51,900	-
The Company	Taiwan Semiconductor Manufacturing Co., Ltd.	-	Current financial assets measured at fair value through profit or loss	86,000	52,890	0.00%	52,890	-
The Company	Unimicron Technology Corp.	-	Current financial assets measured at fair value through profit or loss	99,000	22,869	0.01%	22,869	-
The Company	Winbond Electronics Corporation	-	Current financial assets measured at fair value through profit or loss	130,000	4,420	0.00%	4,420	-
The Company	ENNOCONN CORPORATION	-	Current financial assets measured at fair value through profit or loss	61,000	14,427	0.06%	14,427	-
The Company	eMemory Technology Inc.	-	Current financial assets measured at fair value through profit or loss	10,000	21,900	0.01%	21,900	-
The Company	FORMOSA SUMCO TECHNOLOGY CORPORATION	-	Current financial assets measured at fair value through profit or loss	19,000	5,510	0.00%	5,510	-

Table 3 Page 1

Securities held by	Marketable securities （Note 1）	Relationship with the securities issuer （Note 2）	General ledger account	As of December 31,2021	As of December 31,2021	As of December 31,2021	As of December 31,2021	Footnote （Note 4）
				Number of shares	Book value （Note 3）	Ownership	Fair value
The Company	WAFER WORKS CORPORATION	-	Current financial assets measured at fair value through profit or loss	301,000	25,736 $	0.06%	25,736 $	-
The Company	WAN HAI LINES LTD.	-	Current financial assets measured at fair value through profit or loss	41,000	8,139	0.00%	8,139	-
The Company	UNITED MICROELECTRONICS CORP.	-	Current financial assets measured at fair value through profit or loss	365,000	23,725	0.00%	23,725	-
The Company	E INK HOLDINGS INC.	-	Current financial assets measured at fair value through profit or loss	157,000	23,707	0.01%	23,707	-
The Company	Fitipower Integrated Technology Inc.	-	Current financial assets measured at fair value through profit or loss	53,000	14,946	0.03%	14,946	-
The Company	Anpec Electronics Corporation	-	Current financial assets measured at fair value through profit or loss	20,000	5,570	0.03%	5,570	-
The Company	AURAS Technology Co.,Ltd.	-	Current financial assets measured at fair value through profit or loss	13,000	2,626	0.01%	2,626	-
The Company	CHUNG HUNG STEEL CORPORATION	-	Current financial assets measured at fair value through profit or loss	137,000	5,638	0.01%	5,638	-
The Company	TSRC CORPORATION	-	Current financial assets measured at fair value through profit or loss	74,000	2,990	0.01%	2,990	-
The Company	EPISIL TECHNOLOGIES INC.	-	Current financial assets measured at fair value through profit or loss	19,000	2,717	0.01%	2,717	-
The Company	MediaTek Inc.	-	Current financial assets measured at fair value through profit or loss	5,000	5,950	0.00%	5,950	-
The Company	ALLTOP TECHNOLOGY CO., LTD.	-	Current financial assets measured at fair value through profit or loss	78,000	14,391	0.13%	14,391	-
The Company	SHENMAO TECHNOLOGY INC.	-	Current financial assets measured at fair value through profit or loss	37,000	3,001	0.03%	3,001	-
The Company	GENESYS LOGIC, INC.	-	Current financial assets measured at fair value through profit or loss	13,000	2,620	0.01%	2,620	-
The Company	Phison Electronics Corp.	-	Current financial assets measured at fair value through profit or loss	5,000	2,560	0.00%	2,560	-
The Company	Sino-American Silicon Products Inc.	-	Current financial assets measured at fair value through profit or loss	86,000	20,296	0.01%	20,296	-
The Company	GOLD CIRCUIT ELECTRONICS LTD	-	Current financial assets measured at fair value through profit or loss	127,000	9,652	0.02%	9,652	-
The Company	Elite Semiconductor Microelectronics Tech Inc	-	Current financial assets measured at fair value through profit or loss	16,000	2,640	0.01%	2,640	-
The Company	ASE Technology Holding Co., Ltd.	-	Current financial assets measured at fair value through profit or loss	120,000	12,780	0.00%	12,780	-
The Company	NAN YA PRINTED CIRCUIT BOARD CORPORATION	-	Current financial assets measured at fair value through profit or loss	14,000	8,008	0.00%	8,008	-
The Company	KINSUS INTERCONNECT TECHNOLOGY CORP.	-	Current financial assets measured at fair value through profit or loss	11,000	2,563	0.00%	2,563	-
The Company	GlobalWafers Co., Ltd	-	Current financial assets measured at fair value through profit or loss	20,000	17,760	0.00%	17,760	-
The Company	CO-TECH DEVELOPMENT CORP.	-	Current financial assets measured at fair value through profit or loss	34,000	2,621	0.01%	2,621	-
The Company	SDI CORPORATION	-	Current financial assets measured at fair value through profit or loss	34,000	5,967	0.02%	5,967	-

Table 3 Page 2

Securities held by	Marketable securities （Note 1）	Relationship with the securities issuer （Note 2）	General ledger account	As of December 31,2021	As of December 31,2021	As of December 31,2021	As of December 31,2021	Footnote （Note 4）
				Number of shares	Book value （Note 3）	Ownership	Fair value
The Company	Vanguard International Semiconductor Co.	-	Current financial assets measured at fair value through profit or loss	35,000	5,530 $	0.00%	5,530 $	-
The Company	TAIWAN MASK CORP.	-	Current financial assets measured at fair value through profit or loss	53,000	5,724	0.02%	5,724	-
The Company	TONG HSING ELECTRONIC INDUSTRIES ,LTD.	-	Current financial assets measured at fair value through profit or loss	9,000	2,678	0.01%	2,678	-
	Beneficiary certificate
The Company	Greater China Multi-Strategy Fund	-	Current financial assets measured at fair value through profit or loss	78,788	324,859	-	324,859	-
The Company	BNP Paribas Funds-Energy Transition Classique USD Capitalisation	-	Current financial assets measured at fair value through profit or loss	5,248	23,220	-	23,220	-
The Company	Invesco 3 to 6 Year Maturity Emerging Market Bond Fund Acc	-	Current financial assets measured at fair value through profit or loss	1,500,000	14,614	-	14,614	-
The Company	Cathay Global Autonomous and Electric Vehicles ETF	-	Current financial assets measured at fair value through profit or loss	3,000,000	50,220	-	50,220	-
The Company	President ICE FactSet Asia Semiconductor Net Total Return Index ETN	-	Current financial assets measured at fair value through profit or loss	5,000,000	44,950	-	44,950	-
	Stocks
Kapok Computer Co., Ltd.	CHICONY ELECTRONICS CO., LTD.	Same chairman as the Company	Current financial assets measured at fair value through profit or loss	40,862	3,363	0.01%	3,363	-
Kapok Computer Co., Ltd.	CLEVO CO.	The Company	Non-current financial assets measured at fair value through other comprehensive income	16,966,596	559,898	2.61%	559,898	-
	Beneficiary certificate
Kapok Computer Co., Ltd.	Reliance TAROBO Robotics Quantitative Chinese Fund	-	Current financial assets measured at fair value through profit or loss	2,237,387	40,954	-	40,954	-
	Stocks
Clevo Investment Co., Ltd.	CHICONY ELECTRONICS CO., LTD.	Same chairman as the Company	Current financial assets measured at fair value through profit or loss	162,072	13,339	0.02%	13,339	-
Clevo Investment Co., Ltd.	CLEVO CO.	The Company	Non-current financial assets measured at fair value through other comprehensive income	10,080,669	332,662	1.55%	332,662	-
	Beneficiary certificate
Clevo Investment Co., Ltd.	Yuanta Taiwan High-yield Leading Company Fund	-	Current financial assets measured at fair value through profit or loss	1,000,000	15,840	-	15,840	-
Clevo Investment Co., Ltd.	Reliance TAROBO Robotics Quantitative Chinese Fund	-	Current financial assets measured at fair value through profit or loss	1,491,591	27,303	-	27,303	-
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	UG Hidden Dragon Special Opportunity Fund	-	Current financial assets measured at fair value through profit or loss	266,378	586,150	-	586,150	-
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	Greater China Multi-Strategy Fund	-	Current financial assets measured at fair value through profit or loss	403,145	294,359	-	294,359	-

Note 1: Marketable securities in the table refer to stocks, bonds, beneficiary certificates and other related derivative securities.

Note 2: Leave the column blank if the issuer of marketable securities is non-related party.

Note 3: Fill in the amount after adjusted at fair value and deducted by accumulated impairment for the marketable securities measured at fair value; fill in the acquisition cost or amortised cost deducted by accumulated impairment for the marketable securities not measured at fair value.

Note 4: The number of shares of securities and their amounts pledged as security or pledged for loans and their restrictions on use under some agreements should be stated in the footnote if the securities presented herein have such conditions.

Table 3 Page 3

CLEVO CO. and Subsidiaries Acquisition of real estate reaching NT$300 million or 20% of paid-in capital or more Year ended December 31, 2021

Expressed in thousands of NTD (Except as otherwise indicated)

Table 4

Real estate acquired by	Real estate acquired	Date of the event	Transaction amount	Status of payment	Counterparty	Relationship with the counterparty	If the counterparty is a related party, information as to the last transaction of the real estate is disclosed below:	If the counterparty is a related party, information as to the last transaction of the real estate is disclosed below:	If the counterparty is a related party, information as to the last transaction of the real estate is disclosed below:	If the counterparty is a related party, information as to the last transaction of the real estate is disclosed below:	Basis or reference used in setting the price	Reason for acquisition of real estate and status of the real estate	Other commitments
							Original owner who sold the real estate to the counterparty	Relationship between the original owner and the acquirer	Date of the original transaction	Amount
Buynow (Xian) Industry Co., Ltd.	Construction in Progress, Prepayments and Land Use Right	2005~ Fourth Quarter of 2021	1,470,969 $	907,195 $	Xi'an Xinxiaozhai Old Village Reconstruction and Construction Development Co., Ltd. etc.	-	-	-	-	- $	Mutual agreement	Department store; under construction	-
Yingkou Buynow Electronic Information Co., Ltd.	Construction in Progress and Land Use Right	Second Quarter of 2011~ Fourth Quarter of 2021	746,779	723,428	Bureau of Land and Resources of Yingkou City etc.	-	-	-	-	-	Mutual agreement	Department store; under construction	-
Anshan Buynow Electronic Information Co., Ltd.	Buildings and Land Held for Sale, Construction in Progress and Land Use Right	Second Quarter of 2011~ Fourth Quarter of 2021	3,075,639	2,915,239	Bureau of Land and Resources of Anshan City etc.	-	-	-	-	-	Mutual agreement	Department store; under construction	-
Guiyang Buynow Electronic Information Co., Ltd.	Construction in Progress and Land Use Right	Fourth Quarter of 2011~ Fourth Quarter of 2021	1,450,932	1,392,995	Guiyang Municipal Bureau of Land and Resources etc.	-	-	-	-	-	Mutual agreement	Department store; under construction	-
Buynow (Jinzhou) Industry Co., Ltd.	Buildings and Land Held for Sale, Construction in Progress and Land Use Right	Second Quarter of 2013~ Fourth Quarter of 2021	1,747,129	1,729,136	Jinzhou Municipal Bureau of Land and Resources etc.	-	-	-	-	-	Mutual agreement	Department store; under construction	-

Note 1: The appraisal result should be presented in the 'Basis or reference used in setting the price' column if the real estate acquired should be appraised pursuant to the regulations.

Note 2: Paid-in capital referred to herein is the paid-in capital of parent company. In the case that shares were issued with no par value or a par value other than NT$10 per share, the 20 % of paid-in capital shall be replaced by 10% of equity attributable to owners of the parent in the calculation.

Note 3: Date of the event referred to herein is the date of contract signing date, date of payment, date of execution of a trading order, date of title transfer, date of board resolution, or other date that can confirm the counterparty and the monetary amount of the transaction, whichever is earlier.

Table 4 Page 1

Table 5

CLEVO CO. and Subsidiaries Disposal of real estate reaching NT$300 million or 20% of paid-in capital or more Year ended December 31, 2021

Expressed in thousands of NTD (Except as otherwise indicated)

Real estate disposed by	Real estate	Transaction date or date of the event	Date of acquisition	Book value	Disposal amount	Status of collection of proceeds	Gain (loss) on disposal	Counterparty	Relationship with the seller	Reason for disposal	Basis or reference used in setting the price	Other commitments
CLEVO CO.	Property, plant and equipment and investment property	November 29, 2021	February 19, 1997	2,542,023 $	4,100,000 $	$ 4,100,000	1,303,457 $	TransGlobe Life Insurance Inc.	None	Active assets	Refer to the appraised amount and resolved by the Board of Directors	Fulfill the rights and obligations based on the agreement mutually signed

Note 1: The appraisal result should be presented in the ‘Basis or reference used in setting the price’ column if the real estate disposed of should be appraised pursuant to the regulations.

• Note 2: Paid-in capital referred to herein is the paid-in capital of parent company. In the case that shares were issued with no par value or a par value other than NT$10 per share, the 20% of paid-in capital shall be replaced by 10% of equity attributable to owners of the parent in the calculation.

• Note 3: Date of the event referred to herein is the date of contract signing, date of payment, date of execution of a trading order, date of title transfer, date of board resolution, or other date that can confirm the counterparty and monetary amount of the transaction, whichever is earlier.

Table 5 Page 1

CLEVO CO. and Subsidiaries Purchases or sales of goods from or to related parties reaching NT$100 million or 20% of paid-in capital or more Year ended December 31, 2021

Table 6

Expressed in thousands of NTD (Except as otherwise indicated)

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third party transactions （Note 1）	Differences in transaction terms compared to third party transactions （Note 1）	Notes/accounts receivable (payable)	Notes/accounts receivable (payable)	Footnote (Note 2)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
The Company	Kapok Computer (Kunshan) Co., Ltd.	The Company as the ultimate parent company	Purchases	16,112,238 $	58.03%	30 days after monthly billings and offset between creditor's rights and debt obligation. Prepayment is allowed when there is a fund requirement.	The selling price is reduced by 5%~15%. However, it can be adjusted according to market conditions.	1~5 months for normal customers due to fund requirements.	- $	-	-
The Company	Kapok Computer (Kunshan) Co., Ltd.	The Company as the ultimate parent company	Sales	7,685,603) (	25.18%	180 days	The goods are not sold to other customers, so the prices cannot be compared.	1~2 months for normal customers due to fund requirements.	1,864,640	36.48%	-
Kapok Computer (Kunshan) Co., Ltd.	The Company	The Company as the ultimate parent company	Sales	16,112,238) (	99.99%	30 Days After Monthly Billings	It is the only customer, so the price cannot be compared.	-	-	-	-
Kapok Computer (Kunshan) Co., Ltd.	The Company	The Company as the ultimate parent company	Purchases	7,685,603	48.38%	180 days	It is the only supplier, so the price cannot be compared.	-	1,864,640) (	44.27%	-

Note 1: If terms of related-party transactions are different from third-party transactions, explain the differences and reasons in the ‘Unit price’ and ‘Credit term’ columns.

Note 2: In case related-party transaction terms involve advance receipts (prepayments) transactions, explain in the footnote the reasons, contractual provisions, related amounts, and differences in types of transactions compared to third-party transactions.

Note 3: Paid-in capital referred to herein is the paid-in capital of parent company. In the case that shares were issued with no par value or a par value other than NT$10 per share, the 20 % of paid-in capital shall be replaced by 10% of equity attributable to owners of the parent in the calculation.

Table 6 Page 1

CLEVO CO. and Subsidiaries Receivables from related parties reaching NT$100 million or 20% of paid-in capital or more Year ended December 31, 2021

Year ended December 31, 2021	Year ended December 31, 2021	Year ended December 31, 2021	Year ended December 31, 2021	Year ended December 31, 2021
Table 7					Expressed in thousands of NTD (Except as otherwiseindicated)
Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2021 （Note 1）	Turnover rate	Overdue receivables		Amount collected subsequent to the balance sheet date	Allowance for doubtful accounts
					Amount	Action taken
The Company	Kapok Computer (Kunshan) Co., Ltd.	The transaction object is a subsidiary of the company.	1,864,640 $	4.65	- $	Reclassified to other receivables - relatedparties - current	- $	- $

Note 1: Fill in separately the balances of accounts receivable-related parties, notes receiuabce and other receivables etc.

Note 2: Paid-in capital referred to herein is the paid-in capital of parent company. In the case that shares were issued with no par value or a par value other than NT$10 per share, the 20 % of paid-in capital shall be replaced by 10% of equity attributable to owners of the parent in the calculation.

Table 7 Page 1

CLEVO CO. and Subsidiaries Significant inter-company transactions during the reporting period Year ended December 31, 2021

Expressed in thousands of NTD (Except as otherwise indicated)

Table 8

N0. (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction	Transaction	Transaction	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
0	The Company	Kapok Computer (Kunshan) Co., Ltd.	1	Purchases	16,112,238 $	The selling price is reduced by 5%~15%. However, it can be adjusted according to market conditions. The payment period is 30 days after monthly billings.	59.69%
0	The Company	Kapok Computer (Kunshan) Co., Ltd.	1	Sales	7,685,603	It is the only customer, so the price cannot be compared. The payment period is 180 days.	28.47%
0	The Company	Kapok Computer (Kunshan) Co., Ltd.	1	Accounts receivable - related parties	1,864,640	-	2.04%
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	3	Other receivables - related parties - current	103,526	5.00%	0.11%
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	254,930	5.00%	0.28%
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	169,071	5.00%	0.19%
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	138,035	5.00%	0.15%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	404,989	4.35%	0.44%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	104,828	4.35%	0.11%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	3	Other receivables - related parties - current	130,569	4.35%	0.14%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Clevo (China) Investment Co., Ltd.	3	Other receivables - related parties - current	108,518	4.35%	0.12%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	318,825	4.35%	0.35%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow (Fujian) Electronic Technology Development Co., Ltd.	3	Receivables - related parties	59,966	-	0.07%

Table 8 Page 1

N0. (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction	Transaction	Transaction	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	61,575 $	-	0.07%
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	370,480	4.35%	0.41%
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	162,560	4.35%	0.18%
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Receivables - related parties	61,694	-	0.07%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Nanchang) Industry Co., Ltd.	3	Other receivables - related parties - current	320,996	4.50%	0.35%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	170,590	4.50%	0.19%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	170,677	4.50%	0.19%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	644,900	4.50%	0.71%
4	Kapok Computer (Kunshan) Co., Ltd.	Daqing Buynow Electronic Information Corporation	3	Other receivables - related parties - current	97,232	4.50%	0.11%
4	Kapok Computer (Kunshan) Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	88,551	4.50%	0.10%
4	Kapok Computer (Kunshan) Co., Ltd.	Shantou Buynow Mall Co., Ltd.	3	Other receivables - related parties - current	495,362	4.50%	0.54%
4	Kapok Computer (Kunshan) Co., Ltd.	Clevo (China) Investment Co., Ltd.	3	Other receivables - related parties - current	173,629	4.50%	0.19%
4	Kapok Computer (Kunshan) Co., Ltd.	Yingkou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	82,474	4.50%	0.09%
4	Kapok Computer (Kunshan) Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	431,901	4.50%	0.47%
4	Kapok Computer (Kunshan) Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	193,596	4.50%	0.21%
4	Kapok Computer (Kunshan) Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	549,968	4.50%	0.60%
4	Kapok Computer (Kunshan) Co., Ltd.	Kunshan Kaishuo Trading Co., Ltd.	3	Other receivables - related parties - current	173,629	4.50%	0.19%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	Other receivables - related parties - current	260,443	4.50%	0.29%

Table 8 Page 2

N0. (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction	Transaction	Transaction	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Hangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	59,468 $	5.00%	0.07%
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow(Guangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	63,591	5.00%	0.07%
5	Buynow (Nanchang) Industry Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	198,067	5.00%	0.22%
5	Buynow (Nanchang) Industry Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	62,159	5.00%	0.07%
5	Buynow (Nanchang) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	74,226	5.00%	0.08%
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	Other receivables - related parties - current	93,412	5.00%	0.10%
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	3	Other receivables - related parties - current	90,157	4.35%	0.10%
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	80,911	4.35%	0.09%
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Clevo (China) Investment Co., Ltd.	3	Other receivables - related parties - current	60,770	4.35%	0.07%
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	100,357	4.35%	0.11%
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	3	Other receivables - related parties - current	122,625	4.35%	0.13%
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	157,568	4.35%	0.17%
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Yingkou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	114,985	4.35%	0.13%
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Yingkou Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	81,404	-	0.09%
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	59,728	4.35%	0.07%
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	165,164	4.35%	0.18%
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Daqing Buynow Electronic Information Corporation	3	Other receivables - related parties - current	124,969	4.35%	0.14%
9	Buynow (Changchun) Industry Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	193,162	4.35%	0.21%

Table 8 Page 3

N0. (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction	Transaction	Transaction	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	76,744 $	5.00%	0.08%
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	148,669	5.00%	0.16%
11	Quality Trust Property Management Co., Ltd.	Daqing Buynow Electronic Information Corporation	3	Other receivables - related parties - current	218,555	3.00%	0.24%
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	217,904	4.35%	0.24%
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	230,275	4.35%	0.25%
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	Other receivables - related parties - current	65,111	4.35%	0.07%
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	106,382	4.35%	0.12%
13	Buynow (Chongqing) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	72,490	5.00%	0.08%
13	Buynow (Chongqing) Industry Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	63,715	-	0.07%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	81,605	5.00%	0.09%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	Other receivables - related parties - current	280,367	5.00%	0.31%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	196,721	5.00%	0.22%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	318,174	5.00%	0.35%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	Other receivables - related parties - current	205,837	5.00%	0.23%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	Receivables - related parties	97,165	-	0.11%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	68,110	-	0.07%
15	Tianjin Buynow Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	156,700	4.35%	0.17%
15	Tianjin Buynow Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	61,638	4.35%	0.07%

Table 8 Page 4

N0. (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction	Transaction	Transaction	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
15	Tianjin Buynow Electronic Information Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	Other receivables - related parties - current	252,890 $	4.35%	0.28%
15	Tianjin Buynow Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	129,110	4.35%	0.14%
15	Tianjin Buynow Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	95,452	4.35%	0.10%
15	Tianjin Buynow Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	62,180	-	0.07%
16	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Shantou Buynow Mall Co., Ltd.	3	Other receivables - related parties - current	266,303	0.00%	0.29%
16	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	342,916	0.00%	0.38%
17	Beijing Clevo Investment Management Consultant Co.,Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	Other receivables - related parties - current	245,250	5.00%	0.27%
17	Beijing Clevo Investment Management Consultant Co.,Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	3	Other receivables - related parties - current	276,503	5.00%	0.30%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	350,686	4.35%	0.38%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	72,881	4.35%	0.08%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	Other receivables - related parties - current	71,448	4.35%	0.08%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	233,530	4.35%	0.26%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	243,731	4.35%	0.27%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	3	Other receivables - related parties - current	81,171	4.35%	0.09%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	Other receivables - related parties - current	229,624	4.35%	0.25%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	137,421	-	0.15%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	58,461	-	0.06%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	80,620	-	0.09%

Table 8 Page 5

N0. (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction	Transaction	Transaction	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
19	Shantou Buynow Mall Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	3	Other receivables - related parties - current	73,792 $	5.00%	0.08%
19	Shantou Buynow Mall Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	Other receivables - related parties - current	99,402	5.00%	0.11%
19	Shantou Buynow Mall Co., Ltd.	Clevo (China) Investment Co., Ltd.	3	Other receivables - related parties - current	81,171	5.00%	0.09%
19	Shantou Buynow Mall Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	452,129	5.00%	0.50%
19	Shantou Buynow Mall Co., Ltd.	Suzhou Jinzuo Industry Co., Ltd.	3	Other receivables - related parties - current	297,556	5.00%	0.33%
19	Shantou Buynow Mall Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	97,232	5.00%	0.11%
20	Dezhou Buynow Electronic Information Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	3	Other receivables - related parties - current	60,770	5.00%	0.07%
21	Kunshan Kaishuo Trading Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	110,601	4.50%	0.12%

Note 1: The numbers filled in for the transaction company in respect of inter-company transactions are as follows:

• (1) Parent company is ‘0’.

• (2) The subsidiaries are numbered in order starting from ‘1’.

Note 2: Relationship between transaction company and counterparty is classified into the following three categories , fill in the number of category each case belongs to (If transactions between parent company and subsidiaries or between subsidiaries refer to the same transaction, it is not required to disclose twice. For example, if the parent company has already disclosed its transaction with a subsidiary, then the subsidiary is not required to disclose the transaction; for transactions between two subsidiaries, if one of the subsidiaries has disclosed the transaction, then the other is not required to disclose the transaction:

• (1) Parent company to subsidiary.

• (2) Subsidiary to parent company.

• (3) Subsidiary to subsidiary.

Note 3: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts.

Note 4: The Company may decide to disclose or not to disclose transaction details in this table based on the Materiality Principle.

Table 8 Page 6

CLEVO CO. and Subsidiaries Information on investees Year ended December 31, 2021

Table 9

Expressed in thousands of NTD (Except as otherwise indicated)

Investor	Investee （Notes 1 and 2）	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Net profit (loss) of the investee for the year ended December 31, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the year ended December 31, 2021 (Note 2 (3))	Footnote
				Balance at December 31, 2021	Balance at December 31, 2020	Number of shares	Ownership (%)	Book value
The Company	CLEVO COMPUTER SINGAPORE PTE LTD.	Singapore	Management and advisory of computers	420,061 $	420,061 $	22,325,453	100.00	7,469,230 $	5,140 $	5,140 $	The subsidiary of the Company
The Company	CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	Cayman Islands	Investment	15,754,974	15,754,974	369,370,000	100.00	42,703,456	750,648) (	750,648) (	The subsidiary of the Company
The Company	KAPOK COMPUTER (SAMOA) CORPORATION	Samoa	Investment	489,985	489,985	16,000,000	100.00	1,942,052	207,499	207,450	The subsidiary of the Company
The Company	BUYNOW ON-LINE HOLDING CORPORATION	Samoa	Investment	35,513	35,513	1,100,000	100.00	9,731) (	971) (	971) (	The subsidiary of the Company
The Company	Clevo Investment Co., Ltd.	Taiwan	Investment	140,000	140,000	14,000,000	100.00	74,781	12,398	6,349	The subsidiary of the Company
The Company	Kapok Computer Co., Ltd.	Taiwan	Design and sale of computers and computer peripherals	80,000	80,000	8,000,000	100.00	58,100	14,211	4,031	The subsidiary of the Company
The Company	Taipei Twin Corporation	Taiwan	Commercial real estate development	1,000,000	1,000,000	1,000,000,000	50.00	967,296	39,682) (	19,841) (	Investment accounted for under equity method
CLEVO COMPUTER SINGAPORE PTE LTD.	BUYNOW (CHENGDU) CORPORATION	Samoa	Investment	278,468	278,468	7,000,000	100.00	3,435,731	44,468) (	44,468) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW GLOBAL CORPORATION	British Virgin Islands	Investment	118,490	118,490	2,600,000	100.00	945,762	5,830	5,830	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (HANGZHOU) CORPORATION	British Virgin Islands	Investment	173,107	173,107	5,000,000	100.00	3,460,018	104,093	104,093	The Company as the ultimate parent company

Table 9 Page 1

Investor	Investee （Notes 1 and 2）	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Net profit (loss) of the investee for the year ended December 31, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the year ended December 31, 2021 (Note 2 (3))	Footnote
				Balance at December 31, 2021	Balance at December 31, 2020	Number of shares	Ownership (%)	Book value
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (ZHENGZHOU) CORPORATION	Samoa	Investment	103,185 $	103,185 $	3,000,000	100.00	3,190,222 $	24,995 $	24,995 $	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW GROUP (CHANGSHA) CORPORATION	British Virgin Islands	Investment	136,180	136,180	4,000,000	100.00	222,803	215	215	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (NANCHANG) CORPORATION	Samoa	Investment	104,484	104,484	3,000,000	100.00	1,164,243	60,035	60,035	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (GUANGZHOU) CORPORATION	Samoa	Investment	161,745	161,745	5,000,000	100.00	2,276,751	36,549) (	36,549) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	FLYING WOLF INVESTMENT LIMITED	British Virgin Islands	Investment	96,141	96,141	3,000,000	100.00	3,104,500	26,028	26,028	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (XIAMEN) CORPORATION	Samoa	Investment	95,502	95,502	3,000,000	100.00	1,920,158	38,835	38,835	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW GROUP (XIAN) CORPORATION	Samoa	Investment	96,543	96,543	3,000,000	100.00	833,559	33,446	33,446	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (CHANGCHUN) CORPORATION	Samoa	Investment	64,064	64,064	2,000,000	100.00	2,907,504	33,147	33,147	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW GROUP (QINGDAO) CORPORATION	Samoa	Investment	115,648	115,648	3,500,000	100.00	89,238	11,606) (	11,606) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (CHONGQING) LIMITED	Hong Kong	Investment	169,140	169,140	5,000,000	100.00	1,043,133	31,201) (	31,201) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	FLYING INTERNATIONAL INVESTMENT LIMITED	Samoa	Investment	178,968	178,968	3,000,000	100.00	2,315,852	3,270) (	3,270) (	The Company as the ultimate parent company

Table 9 Page 2

Investor	Investee （Notes 1 and 2）	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Net profit (loss) of the investee for the year ended December 31, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the year ended December 31, 2021 (Note 2 (3))	Footnote
				Balance at December 31, 2021	Balance at December 31, 2020	Number of shares	Ownership (%)	Book value
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (WUXI) CORPORATION	Samoa	Investment	64,054 $	64,054 $	2,000,000	100.00	1,294,011 $	43,317 $	43,317 $	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (HARBIN) CORPORATION	Samoa	Investment	99,012	99,012	3,000,000	100.00	283,590	181,851) (	181,851) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (DAQING) CORPORATION	Samoa	Investment	96,894	96,894	3,000,000	100.00	121,778) (	110,469) (	110,469) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (ZIBO) CORPORATION	Samoa	Investment	95,805	95,805	3,000,000	100.00	150,438) (	72,850) (	72,850) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (BEIJING) CORPORATION	Samoa	Investment	244,256	244,256	6,000,000	100.00	1,875,173	121,091	121,091	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	SKILL DEVELOP INTERNATIONAL LIMITED	Samoa	Investment	581,916	581,916	9,350,000	100.00	5,083,342	564) (	564) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (YANCHENG) CORPORATION	Samoa	Investment	931,920	931,920	31,500,000	100.00	735,443	-	-	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (HUIZHOU) CORPORATION	Samoa	Investment	200,737	200,737	1,500,000	100.00	100,813) (	13,070) (	13,070) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (YINGKOU) CORPORATION	Samoa	Investment	434,082	434,082	15,000,000	100.00	412,324	400) (	400) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (ANSHAN) CORPORATION	Samoa	Investment	1,119,393	1,119,393	38,000,000	100.00	915,957	141,656) (	141,656) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (GUIYANG) CORPORATION	Samoa	Investment	301,236	301,236	10,000,000	100.00	258,504	945) (	945) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	CHICONY SQUARE (WUHAN) INC.	British Virgin Islands	Investment	123,204	123,204	3,600,000	30.00	1,512,495	410,332	123,100	Investment accounted for under equity method

Table 9 Page 3

Investor	Investee （Notes 1 and 2）	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Net profit (loss) of the investee for the year ended December 31, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the year ended December 31, 2021 (Note 2 (3))	Footnote
				Balance at December 31, 2021	Balance at December 31, 2020	Number of shares	Ownership (%)	Book value
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	CHICONY SQUARE (CAYMAN) INC.	Cayman Islands	Investment	86,886 $	86,886 $	3,000,000	30.00	121,505 $	228,072 $	68,422 $	Investment accounted for under equity method
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (WUHAN) CORPORATION	Samoa	Investment	-	-	3,600,000	30.00	151,191	57,891) (	17,367) (	Investment accounted for under equity method
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	CHICONY CHENGDU INTERNATIONAL INC.	British Virgin Islands	Investment	362,866	362,866	1,500,000	3.75	59,897	259,769	9,741	Investment accounted for under equity method
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (TAIZHOU) CORPORATION	Samoa	Investment	505,786	505,786	17,000,000	100.00	279,646	13,653) (	13,653) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	SMARTER CAPITAL LIMITED	Samoa	Investment	1,013,693	1,013,693	14,900,000	100.00	1,006,214	2,319	2,319	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (DEZHOU) CORPORATION	Samoa	Investment	881,914	881,914	30,000,000	100.00	387,417	372,341) (	372,341) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (LUOYANG) CORPORATION	Samoa	Investment	894,346	894,346	30,000,000	100.00	180,034	16,658) (	16,658) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (FUJIAN QUANZHOU) CORPORATION	Samoa	Investment	446,195	446,195	15,000,000	100.00	309,482	132,632) (	132,632) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (JINZHOU) CORPORATION	Samoa	Investment	448,081	448,081	15,000,000	100.00	110,672	205,766) (	205,766) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (SHANTOU) CORPORATION	Samoa	Investment	578,224	578,224	19,200,000	100.00	457,479	10,256) (	10,256) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	CLEVO (HK) INVESTMENT HOLDING LIMITED	Hong Kong	Investment	-	3,138	-	-	-	1,581	1,581	The Company as the ultimate parent company

Table 9 Page 4

Investor	Investee （Notes 1 and 2）	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Shares held as at December 31, 2021	Net profit (loss) of the investee for the year ended December 31, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the year ended December 31, 2021 (Note 2 (3))	Footnote
				Balance at December 31, 2021	Balance at December 31, 2020	Number of shares	Ownership (%)	Book value
SKILL DEVELOP INTERNATIONAL LIMITED	WELL ASIA INVESTMENT LIMITED	Hong Kong	Investment	277,817 $	277,817 $	9,200,000	100.00	5,083,342 $	564) ($	564) ($	The Company as the ultimate parent company
SMARTER CAPITAL LIMITED	BUYNOW SZ. CORPORATION	Samoa	Investment	452,081	452,081	14,900,000	100.00	1,006,214	2,319	2,319	The Company as the ultimate parent company
BUYNOW ON-LINE HOLDING CORPORATION	BUYNOW ON-LINE LIMITED	Hong Kong	Investment	35,483	35,483	1,100,000	100.00	9,731) (	971) (	971) (	The Company as the ultimate parent company

Note 1: If a public company is equipped with an overseas holding company and takes consolidated financial report as the main financial report according to the local law rules, it can only disclose the information of the overseas holding company about the disclosure of related overseas investee information.

Note 2: If situation does not belong to Note 1, fill in the columns according to the following regulations:

• (1)The columns of ‘Investee’, ‘Location’, ‘Main business activities’, Initial investment amount’ and ‘Shares held as at December 31, 2021’ should fill orderly in the Company’s

• (public company’s) information on investees and every directly or indirectly controlled investee’s investment information, and note the relationship between the Company (public company) and its investee each (ex. direct subsidiary or indirect subsidiary) in the ‘footnote’ column..

• (2)The ‘Net profit (loss) of the investee for the year ended December 31, 2021’ column should fill in amount of net profit (loss) of the investee for this year.

• (3)The ‘Investment income (loss) recognised by the Company for the year ended December 31, 2021’ column should fill in the Company (public company) recognised investment

income (loss) of its direct subsidiary and recognised investment income (loss) of its investee accounted for under the equity method for this year. When filling in recognised investment income (loss) of its direct subsidiary, the Company (public company) should confirm that direct subsidiary’s net profit (loss) for this period has included its investment income (loss) which shall be recognised by regulations.

Table 9 Page 5

CLEVO CO. and Subsidiaries Information on investments in Mainland China Year ended December 31, 2021

Table 10

Expressed in thousands of NTD (Except as otherwise indicated)

Investee in Mainland China	Main business activities	Paid-in capital	Investment method （Note 1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2021	Net income of investee for the year ended December 31, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2021 （Note 2）	Book value of investments in Mainland China as of December 31, 2021	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2021	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Buynow (Chengdu) Electronic Information Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products, and property management of buildings	278,468 $	(2)	278,468 $	- $	- $	278,468 $	44,468) ($	100	44,468) ($	3,435,731 $	- $	-
Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Manufacturing, sale, research and development of computers and computer peripherals and services for related electronic products	58,159	(2)	37,522	-	-	37,522	7,653) (	100	7,653) (	1,952,359	-	-
Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Manufacturing, sale, research and development of computers and computer peripherals and services for related electronic products	69,491	(2)	-	-	-	-	62,542	100	62,542	2,265,850	-	-
Kapok Computer (Kunshan) Co., Ltd.	Manufacturing, sale, research and development and maintenance service of computer, notebook, tablet, information and communication products and computer components	238,599	(2)	238,599	-	-	238,599	249,732	100	249,732	1,929,256	-	-
Kunshan Kaiming Trading Co., Ltd.	Provide market management services for operators of laptop computer, tablet, desktop computer, palmtop computer, information and communication products and computer components	17,746	(3)	-	-	-	-	1,224	100	1,224	3,847	-	-

Table 10 Page 1

Investee in Mainland China	Main business activities	Paid-in capital	Investment method （Note 1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2021	Net income of investee for the year ended December 31, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2021 （Note 2）	Book value of investments in Mainland China as of December 31, 2021	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2021	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Chicony Industry (Wuhan) Co., Ltd.	Research, development, production and sales of computer software and hardware, electronic products; sales services, non-staple food; coffee shop operations; venue rental	1,927,049 $	(2) CHICONY SQUARE (WUHAN) INC.	526,552 $	- $	- $	526,552 $	490,815 $	30	147,245 $	967,781 $	- $	-
Wuhan Qunbai Industry Co., Ltd.	Research, development and sales of computer software, hardware and electronic products; sales services; wenue retal	58,904	(2) CHICONY SQUARE (WUHAN)INC.	-	-	-	-	10,830	30	3,249	40,226	-	-
Chicony Square (Wuhan) Management Co., Ltd.	Sales of service and non-staple food; cafe operation; venue rental	14,414	(3)	-	-	-	-	6,184	24.99	1,545	32,068	-	-
Qunguang Industrial (Xian) Co., Ltd.	Research, development, production and sales of computer software and hardware, electronic products; sales services, nonstaple food; coffee shop operations; venue rental; catering services; parking lot management	4,053,756	(3)	-	-	-	-	376,651) (	30	112,995) (	427,511	-	-
Buynow (Hangzhou) Electronic Information Co., Ltd.	~~and retail~~ Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products, and property management of buildings	198,848	(2)	198,848	-	-	198,848	104,093	100	104,093	3,460,018	-	-
Shanghai Buynow Electronic Information Co., Ltd.	Rental of the display venues of computer and related electronic products; information consultation; maintenance services; property management	521,418	(2) (3)	56,778	-	-	56,778	10,782) (	100	10,782) (	3,129,856	-	-
Quality Trust Property Management Co., Ltd.	Property management, advisory of real estate, building leasing, housekeeping service, parking lot service, car wash service and business service	24,975	(2)	21,645	-	-	21,645	15,636	100	15,636	254,947	-	-
Wuxi Quntai Property Management Co., Ltd.	Property management, advisory of real estate, building leasing, housekeeping service, parking lot service, car wash service and business service	2,402	(3)	-	-	-	-	851	100	851	28,899	-	-

Table 10 Page 2

Investee in Mainland China	Main business activities	Paid-in capital	Investment method （Note 1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2021	Net income of investee for the year ended December 31, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2021 （Note 2）	Book value of investments in Mainland China as of December 31, 2021	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2021	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Shanghai Buynow Electronic Products Market Management Co., Ltd.	Provide market management services for operators of electronic products	504,484 $	(3)	- $	- $	- $	- $	42,701 $	100	42,701 $	4,714,328 $	- $	-
Beijing Kaiye Electronic Technology Co., Ltd.	Technology-extension services, computer maintenance, public parking lot service for motorcycle, property management, business management, business management and advisory, business building leasing, wholesale of computer and computer peripherals, hardware electronic and daily appliance	359,053	(3)	-	-	-	-	51,425	100	51,425	72,109) (	-	-
Buynow (Nanchang) Industry Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products, and property management of buildings	293,328	(2)	119,297	-	-	119,297	61,880	100	61,880	3,040,594	-	-
Changsha Hungyu Business Management Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products, and property management of buildings	119,297	(2)	119,297	-	-	119,297	215	100	215	222,803	-	-
Buynow (Zhengzhou) Electronic Information Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products	119,123	(2)	119,123	-	-	119,123	24,995	100	24,995	3,190,222	-	-
Buynow (Guangzhou) Electronic Information Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products	198,670	(2)	198,670	-	-	198,670	32,146) (	100	32,146) (	2,275,538	-	-

Table 10 Page 3

Investee in Mainland China	Main business activities	Paid-in capital	Investment method （Note 1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2021	Net income of investee for the year ended December 31, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2021 （Note 2）	Book value of investments in Mainland China as of December 31, 2021	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2021	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Tianjin Buynow Electronic Information Co., Ltd.	Development, producttion and sales of computer hardware and software and electronic digital technology products	224,794 $	(2)	206,061 $	- $	- $	206,061 $	33) ($	100	33) ($	2,303,995 $	- $	-
Beijing Clevo Investment Management Consultant Co., Ltd.	Business advisory of investment management, wholesale agency of electronic products, import and export of goods and property management	305,459	(2)(3)	314,567	-	-	314,567	159,330	100	159,330	2,467,333	-	-
Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products, and advisory of business management	942,511	(2)	942,511	-	-	942,511	-	100	-	735,442	-	-
Buynow (Xian) Industry Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products	116,528	(2)	116,528	-	-	116,528	33,446	100	33,446	833,559	-	-
Buynow (Fujian) Electronic Technology Development Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products	119,117	(2)	119,117	-	-	119,117	38,835	100	38,835	1,920,158	-	-
Chicony Dalu Enterprise (Chengdu) Co., Ltd.	Developing and manufacturing computers, hardware, electronic products; production and sales of cosmetics and daily necessities; rental business	2,291,275	(2) CHICONY CHENGDU INTERNATIONAL INC.	687,382	-	-	687,382	259,769	30	77,931	479,170	-	-
Buynow Electronic Information (Shenyang) Co., Ltd.	Research and development of computers and computer peripherals and electronic products, and advisory of economic information	119,298	(2)	119,298	-	-	119,298	11,623	100	11,623	2,441,617	-	-
Guangdong Buynow Real Estate Management Co., Ltd.	Self-owned property management and leasing. manufacturing, sale, research and development of computer software and hardware and digital products	442,167	(2)(3)	363,300	-	-	363,300	693) (	100	693) (	7,819,834	-	-

Table 10 Page 4

Investee in Mainland China	Main business activities	Paid-in capital	Investment method （Note 1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2021	Net income of investee for the year ended December 31, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2021 （Note 2）	Book value of investments in Mainland China as of December 31, 2021	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2021	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Buynow (Changchun) Industry Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products, and property management of buildings	81,539 $	(2)	77,656 $	- $	- $	77,656 $	34,804 $	100	34,804 $	3,052,818 $	- $	-
Buynow (Wuhan) Industry Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computer software and digital products, and property management of buildings	468,580	(2) BUYNOW (WUHAN) CORPORATION	-	-	-	-	57,891) (	30	17,367) (	151,191	-	-
Qingdao Buynow Technology Industry Co., Ltd.	Manufacturing, sale, research and development of computers and computer peripherals. Display, advisory and after-sales service of digital products. Property management of self-owned buildings	551,402	(2)(3)	133,021	-	-	133,021	56,369) (	100	56,369) (	433,406	-	-
Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computer software and digital products	106,622	(2)	76,158	-	-	76,158	60,643	100	60,643	1,811,579	-	-
Wuxi Buynow Electronic Market Co., Ltd.	Leasing of facility, market management service, catering management, property management, parking lot management	2,454	(3)	-	-	-	-	20	100	20	2,379	-	-
Buynow (Harbin) Industry Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products	111,364	(2)	111,364	-	-	111,364	181,800) (	100	181,800) (	280,160	-	-
Buynow (Chongqing) Industry Co., Ltd.	Manufacturing, sale, research and development of computers and computer peripherals (not including electronic publishing), shopping mall management, wholesale and retail of electronic products, property management and parking lot service	164,167	(2)	164,167	-	-	164,167	31,201) (	100	31,201) (	1,043,132	-	-

Table 10 Page 5

Investee in Mainland China	Main business activities	Paid-in capital	Investment method （Note 1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2021	Net income of investee for the year ended December 31, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2021 （Note 2）	Book value of investments in Mainland China as of December 31, 2021	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2021	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Shanghai Buynow Online Information Technology Co., Ltd.	Wholesale and retail, import and export, and after-sales service of household appliances, computer and computer components, communication equipment, electrical devices, office supplies and complementary products; development, technology transfer, advisory, service and training of Internet, computer software and hardware and communication equipment	32,630 $	(2)	32,630 $	- $	- $	32,630 $	897) ($	100	897) ($	12,375) ($	- $	-
Daqing Buynow Electronic Information Corporation	Manufacturing, retail and wholesale of computers and computer peripherals, and electronic information shopping mall management	98,158	(2)	98,158	-	-	98,158	110,469) (	100	110,469) (	121,778) (	-	-
Buynow Electronic Information (Huizhou) Co., Ltd.	Manufacturing, sale, research and development and after-sales service of computers and computer peripherals; property management of buildings	120,115	(2)(3)	211,996	-	-	211,996	32,674) (	100	32,674) (	252,032) (	-	-
Shantou Buynow Mall Co., Ltd.	Investment in companies primarily engaged in research and development and advisory service	574,562	(2)	574,562	-	-	574,562	10,256) (	100	10,256) (	457,479	-	-
Zibo Buynow Electronic Information Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products. Advisory of business management, leasing of self-owned buildings, parking lot management, shopping mall management and property management	98,012	(2)	98,012	-	-	98,012	72,850) (	100	72,850) (	150,438) (	-	-

Table 10 Page 6

Investee in Mainland China	Main business activities	Paid-in capital	Investment method （Note 1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2021	Net income of investee for the year ended December 31, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2021 （Note 2）	Book value of investments in Mainland China as of December 31, 2021	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2021	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Yingkou Buynow Electronic Information Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products, and advisory of business management	464,194 $	(2)	464,194 $	- $	- $	464,194 $	400) ($	100	400) ($	412,323 $	- $	-
Anshan Buynow Electronic Information Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products, and advisory of business management	1,150,017	(2)	1,150,017	-	-	1,150,017	141,656) (	100	141,656) (	915,957	-	-
Clevo (China) Investment Co., Ltd.	Investment in companies primarily engaged in research and development and advisory service	897,135	(2)	897,135	-	-	897,135	141,941) (	100	141,941) (	2,611,832	-	-
Guiyang Buynow Electronic Information Co., Ltd.	Research and development of computers and computer peripherals and electronic products, and advisory service of business management	303,271	(2)	303,271	-	-	303,271	945) (	100	945) (	258,504	-	-
Taizhou Buynow Electronic Information Co., Ltd.	Manufacturing, sale, maintenance service, research and development of computers and computer peripherals and digital products, and advisory of business management	507,871	(2)	507,871	-	-	507,871	13,653) (	100	13,653) (	279,644	-	-
Suzhou Jinzuo Industry Co., Ltd.	Business affairs and property management business	480,460	(2)	1,008,954	-	-	1,008,954	2,319	100	2,319	1,006,214	-	-
Dezhou Buynow Electronic Information Co., Ltd.	Research and development and maintenance service of computers and computer peripherals and electronic products; advisory service of business management and shopping mall management	1,748,220	(2)	881,914	-	-	881,914	662,327) (	100	662,327) (	797,154	-	-
Luoyang Buynow Electronic Information Co., Ltd.	Research and development and maintenance service of computers and computer peripherals and electronic products; advisory service of business management and shopping mall management	893,922	(2)	893,922	-	-	893,922	16,658) (	100	16,658) (	180,034	-	-

Table 10 Page 7

Investee in Mainland China	Main business activities	Paid-in capital	Investment method （Note 1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2021	Net income of investee for the year ended December 31, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2021 （Note 2）	Book value of investments in Mainland China as of December 31, 2021	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2021	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Quanzhou Buynow Industry Co., Ltd.	Research and development and maintenance service of computers and computer peripherals and electronic products; advisory service of business management and shopping mall management	446,195 $	(2)	446,195 $	- $	- $	446,195 $	132,632) ($	100	132,632) ($	309,482 $	- $	-
Buynow (Jinzhou) Industry Co., Ltd.	Manufacturing of computer software and hardware and consumer electronic products, advisory of business management and shopping mall management	448,342	(2)	448,342	-	-	448,342	205,766) (	100	205,766) (	110,672	-	-
Kunshan Kaishuo Trading Co., Ltd.	Mechanical equipment and accessories, wire and cable, air conditioning equipment, building and decoration material, lighting equipment, kitchen appliance, water cleaner, pipeline and accessories, fire safety equipment, compressor and accessories, wholesale of elevators and appliances, import and export and advisory services	30,198	(2)	30,198	-	-	30,198	1,277) (	100	1,277) (	26,492	-	-
Shanghai Huihei Advertisment Co., Ltd.	Advertising design and marketing	4,850	(3)	-	-	-	-	1,119) (	100	1,119) (	4,527	-	-
Shanghai Huizhuan Restaurant Management Co., Ltd.	Catering business management	22,884	(3)	-	-	-	-	5,657) (	100	5,657) (	32,956) (	-	-

Note 1: Investment methods are classified into the following three categories; fill in the number of category each case belongs to:

(1) Directly invest in a company in Mainland China.

(2) Through investing in an existing company in the third area, which then invested in the investee in Mainland China.

(3) Others

Note 2: In the ‘Investment income (loss) recognised by the Company for the year ended December 31, 2021 was reviewed by independent auditors. Note 3: The numbers in this table are expressed in New Taiwan dollars.

Table 10 Page 8

					Ceiling on
					investments in
					Mainland China
	Accumulated amount of		Investment amount approved by the		imposed by the
	remittance from Taiwan to			Investment Commission of the	Investment
		Mainland China as of		Ministry of Economic Affairs	Commission of
Company name		December 31,2021		(MOEA)	MOEA
CLEVO CO.	$	14,259,606	$	15,843,476	24,786,254 $
(USD	421,680 thousand of USD)		(USD 456,227 thousand of USD)

• Note 1: According to the amended regulation, "The Principle of Investment and Technical Cooperation in China", issued by Ministry of Economic Affairs on August 29, 2008 (No. 09704604680), the investor can only make an investment toward China up to 60% of its individual or consolidated net worth, whichever is larger. The ultimate limit of investment is 60% of the consolidated net worth. (41,310,424 x 60% = 24,786,254)

• Note 2: It has been liquidated as of December 31, 2021, and has been approved to invest US$4,120,000 by the Ministry of Economic Affairs.

• Note 3: As of December 31, 2021, the capital increased by the earnings extension which has been approved by the Ministry of Economic Affairs for an investment of US$30,426,900.

Table 10 Page 9

CLEVO CO. and Subsidiaries Major shareholders information December 31, 2021

Table 11

Name of major shareholders	Shares	Shares
	Name of shares held	Ownership (%)
Kent Hsu Huatai Investment Co., Ltd. EPOQUE CORPORATION	46,701,335 37,326,144 33,567,888	7.19% 5.74% 5.17%

Table 11 Page 1

CLEVO CO. DETAILS OF CASH AND CASH EQUIVALENTS

DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 1

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----- Start of picture text -----

Items Description Amount
Cash on hand and petty cash $ 289
Deposit
Check deposits 166,539
Demand deposits 679,437
Foreign exchange deposits USD 41,257 in thousands,rate 27.675 1,141,787
CNY 3,653 in thousands,rate 4.3407 15,856
other currency 9,139
$ 2,013,047
----- End of picture text -----

Table 1,Page1

CLEVO CO.

DETAILS OF CURRENT FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 2

Table 2
Financial instrument name	Summary	Number of shares	Book value	Gross amount	Interest Rate	Acquisition cost	Fair Value
							UnitPrice	Gross amount
		8,226,325 4,697,000 2,244,989 51,219 380,000 200,000 120,000 1,760,000 70,000 2,000,000 86,000 99,000 130,000 61,000 10,000 19,000 301,000 41,000				53,155 $ 207,328 63,643 46,832 2,205 5,031 14,349 100,788 5,597 45,714 52,304 22,146 4,301 14,482 19,829 5,577 25,384 8,061	9.90 $ 82.30 22.90 19.60 100.50 21.92 124.50 51.74 67.60 25.95 615.00 231.00 34.00 236.51 2,190.00 290.00 85.50 198.51	81,441 $ 386,561 51,410 1,004 38,190 4,384 14,940 91,064 4,732 51,900 52,890 22,869 4,420 14,427 21,900 5,510 25,736 8,139

Table 2,Page1

CLEVO CO.

DETAILS OF CURRENT FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Cont.) DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 2

Table 2
Financial instrument name	Summary	Number of shares	Book value	Gross amount	Interest Rate	Acquisition cost	Fair Value
							Unit Price	Gross amount
		365,000 157,000 53,000 20,000 13,000 137,000 74,000 19,000 5,000 78,000 37,000 13,000 5,000 86,000 127,000 16,000 120,000 14,000				23,410 $ 22,252 15,169 5,415 2,602 5,803 2,779 2,647 5,453 14,689 2,955 2,721 2,467 19,893 9,796 2,693 12,605 8,051	65.00 $ 151.00 282.00 278.50 202.00 41.15 40.41 143.00 1,190.00 184.50 81.11 201.54 512.00 236.00 76.00 165.00 106.50 572.00	23,725 $ 23,707 14,946 5,570 2,626 5,638 2,990 2,717 5,950 14,391 3,001 2,620 2,560 20,296 9,652 2,640 12,780 8,008

Table 2,Page2

CLEVO CO.

DETAILS OF CURRENT FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Cont.) DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 2

Table 2
Financial instrument name	Summary	Number of shares	Book value	Gross amount	Interest Rate		Acquisition cost	Fair		Value
								Unit Price		Gross amount
							2,636 $ 17,411 2,673 5,507 5,569 5,676 2,708 271,652 28,190 15,000 43,452 38,682 - 1,297,282 $	233.00 $ 888.00 77.09 175.50 158.00 108.00 297.56 4,123.19 4,424.54 9.74 16.74 8.99		2,563 $ 17,760 2,621 5,967 5,530 5,724 2,678 324,858 23,220 14,614 50,220 44,950 2,727 1,548,766 $

Table 2,Page3

CLEVO CO.

DETAILS OF ACCOUNTS RECEIVABLE

DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 3

Table 3
Client Name	Summary		Amount		Remark
Account receivables
Client A		$	468,900
Client B			436,798
Client C			309,523
Client D			279,447
Client E			248,674
Client F			188,810
Client G			187,234
				None of the balances
				of	each	remaining
				accounts		is greater
				than	5%	of	this
Others			1,132,411	account balance.
		$	3,251,797
Less:
Allowance for doubtful accounts		(	5,326)
		$	3,246,471
Account receivables-related parties
Kapok Computer (Kunshan) Co.,Ltd		$	1,864,640

Table 3,Page1

CLEVO CO. DETAILS OF INVENTORIES DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 4

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----- Start of picture text -----

Amount
Net Realizable
Items Description Cost Value Remark
Replacement cost is used as
Raw materials $ 427,103 $ 414,794 net realisable value for raw
materials, and Semi-finished
Semi-finished goods 71 71 goods are evaluated by net.
427,174 414,865
Less：
Loss for market value decline
and obsolete and slow-moving
inventories ( 12,309)
$ 414,865
----- End of picture text -----

Table 4,Page1

CLEVO CO.

MOVEMENT DETAILS OF RECOGNITION OF INVESTMENT UNDER EQUITY METHOD AND PREPAID INVESTMENT YEAR ENDED DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 5

Table 5
Name	Balance as at January1,2021		Additions		Number of shares Amount - - $ - - - - - - - - - - - - - $ Deductions		Balance a	s at December 31,2021		Market Value or Net Assets Value		Collateral	Remark
	Number of shares	Amount	Number of shares	Amount			Number of shares	Ownership	Amount	Unit Price	Grossprice
Equity method KAPOK COMPUTER CO., CLEVO INVESTMENT CO., LTD. CLEVO (CAYMAISLANDS) HOLDING COMPANY KAPOK COMPUTER (SAMOA) CORPORATION CLEVO COMPUTER SINGAPORE PTE LTD. BUYNOW ON-LINE HOLDING CORPORATION TAIPEI TWIN CORPORATION Totals	8,000,000 14,000,000 369,370,000 16,000,000 22,325,453 1,100,000 100,000,000	56,444 $ 73,558 43,082,841 1,719,924 7,527,414 8,667) ( 987,137	- - - - - - -	1,656 $ (Note 1&2) 1,223 (Note 1&2) 379,385) ( (Note 1) 222,128 (Note 1) 58,185) ( (Note 1) 1,064) ( (Note 1) 19,841) ( (Note 1)	- - - - - - -		8,000,000 14,000,000 369,370,000 16,000,000 22,325,453 1,100,000 100,000,000	100% 100% 100% 100% 100% 100% 50%	58,100 $ 74,781 42,703,456 1,942,052 7,469,229 9,731) ( 967,296	- - - - - - -	618,206 $ 407,445 42,561,533 1,937,813 7,695,494 9,731) ( 967,296	None 〞 〞 〞 〞 〞 〞
		$53,438,651		233,468) ($		- $			$53,205,183		$54,178,056

Note 1: Indicating the recognition of investment income(loss), accumulated exchange adjustment, unrealized gains or losses of financial instructment and unrealized sales adjustment. Note 2: Indicating the adjustment of the cash dividends distributed by investee company and the cash dividends distribued from parent company to subsidiary company.

Table 5,Page1

CLEVO CO.

DETAILS OF ACCOUNTS PAYABLE DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 6

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----- Start of picture text -----

Name of Customer Description Amount Remark
Accounts payable
Company A $ 150,330
Company B 36,731
Company C 34,936
Company D 23,870
Company E 23,868
None of the balances
of each remaining
accounts is greater
than 5% of this
Others 34,394 account balance.
$ 304,129
----- End of picture text -----

Table 6,Page1

CLEVO CO.

DETAILS OF BONDS PAYABLE DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 7

Amount

Bonds	Fiduciary	Date of issuance	Date of interest paid	Coupon Rate	Amount issued	Amount redemmed	Ending balance	Unamortized premiums (discounts)	Bookvalue	Payment Term	Gurantee
Secured bonds payable issued in 2019	JihSun Holding	2019/8/26	Interest is paid annually at simple interest rate based on the coupon rate.	0.80%	5,000,000 $	- $	5,000,000 $	- $	5,000,000 $	The bond is issued for five years and the principal is payable at maturity date.	Authorise Taiwan Cooperative Bank to execute cooperate bond guarantee according to the guarantee agreement.

Table 7,Page1

CLEVO CO.

DETAILS OF OPERATING REVENUE YEAR ENDED DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 8 Items Quantity Sales revenue Net operating revenue 2,074,253	Amount Remark $ 22,839,008 Laptop

(Remainder of page intentionally left blank)

Table 8,Page1

CLEVO CO. DETAILS OF OPERATING COST YEAR ENDED DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 9

Summary Materials at January 1 Add：Material purchased for the year Others Less：Materials at December 31 Transfered to operating expenses Cost of materials sold Others Materials used for the year Manufacturing expenses Manufacturing cost Cost of goods manufactured and sold Add：Finished foods inventory at January 1 Less：Finished goods inventory at December 31 Cost of goods manufactured and sold Cost of goods purchased and sold Cost of materials sold Loss for market value decline Operating cost Items	Amount	Remark
	679,534 $ 12,231,496 395) ( 427,174) ( 55,522) ( 5,096,634) ( 53,790) ( 7,277,515 154,972 7,432,487 7,432,487 - - 7,432,487 7,849,420 5,096,634 2,000 20,380,541 $

Table 9,Page1

CLEVO CO.

DETAILS OF MANUFACTURING COST YEAR ENDED DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 10

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----- Start of picture text -----

Items Description Amount Remark
After-sales service $ 90,207
Wages and salaries 48,656
None of the balances
of each remaining
accounts is greater
than 5% of this
Others 16,109 account balance
$ 154,972
----- End of picture text -----

Table 10,Page1

CLEVO CO.

DETAILS OF MARKETING COST YEAR ENDED DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

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----- Start of picture text -----

Table 11
Items Description Amount Remark
----- End of picture text -----

Wages and salaries Commission expense Import/ Export expense Others	94,328 $ 44,909 22,970 30,440 None of the balances of each remaining accounts is greater than 5% of this account balance 192,647 $

Table 11,Page1

CLEVO CO.

GENERAL AND ADMINISTRATIVE EXPENSES YEAR ENDED DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

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----- Start of picture text -----

Table 12
Items Description Amount Remark
----- End of picture text -----

Wages and salaries Professional service fees Others	331,896 $ 28,941 61,423 None of the balances of each remaining accounts is greater than 5% of this account balance 422,260 $

Table 12,Page1

CLEVO CO.

DETAILS OF RESEARCH AND DEVELOPMENT EXPENSES YEAR ENDED DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

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----- Start of picture text -----

Table 13
Items Description Amount Remark
----- End of picture text -----

Wages and salaries Research and development expenses Premium Others	438,438 $ 72,338 34,716 87,091 None of the balances of each remaining accounts is greater than 5% of this account balance 632,583 $

Table 13,Page1

CLEVO CO.

SUMMARY OF EMPLOYEE BENEFITS, DEPRECIATION, AND AMORTISATION YEAR ENDED DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 14

Table 14
Nature Function	2021			2020
	Classified as Operating Costs	Classified as Operating Expenses	Total	Classified as Operating Costs	Classified as Operating Expenses	Total
Employee Benefit Expense
Wages and salaries	$46,455	$808,728	$855,183	$38,497	$657,685	$696,182
Labour and health insurance fees	3,677	53,392	57,069	3,485	50,266	53,751
Pension costs	2,201	33,462	35,663	2,229	34,689	36,918
Directors'remuneration	-	22,200	22,200	-	7,700	7,700
Other employee benefit expenses	2,337	30,749	33,086	2,251	30,605	32,856
Depreciation Expense	268	12,283	12,551	316	12,043	12,359
Amortisation Expense	-	7,046	7,046	-	7,603	7,603

Note:

1. As at December 31, 2021 and 2020, the Company had 626 and 644 employees, both including 5 non-employee directors.

2. A company whose stock is listed for trading on the stock exchange or over-the-counter securities exchange shall additionally disclose the following information ：

3. (1) Average employee benefit expense in current year $1,580 thousand ((Total employee benefit expense in current year - Total directors’ compensation in current year) / (Number of employees in current year - Number of non-employee directors in current year)).

4. Average employee benefit expense in previous year $1,283 thousand ((Total employee benefit expense in previous year - Total directors’ compensation in previous year) / (Number of employees in previous year - Number of non-employee directors in previous year)).

5. (2) Average employee salaries in current year were $1,377 thousand (Total employee salaries in current year / (Number of employees in current year - Number of nonemployee directors in current year)).

6. Average employee salaries in previous year were $ 1,089 thousand (Total employee salaries in previous year / (Number of employees in previous year - Number of non-employee directors in previous

Table 14,Page1

CLEVO CO.

SUMMARY OF EMPLOYEE BENEFITS, DEPRECIATION, AND AMORTISATION (Cont.) YEAR ENDED DECEMBER 31, 2021

(Expressed in thousands of New Taiwan dollars)

Table 14

• (3) Adjustments of average employee salaries were 26.45% ((Average employee salaries in current year - Average employee salaries in previous year)/ Average employee salaries in previous year).

• The Company has set up the audit committee to replace supervisors, and thus it has no supervisors’ remuneration.

• In accordance with the Articles of Incorporation of the Company, a ratio of distributable profit of the current year (being the profit before tax, employees’ compensation and directors’remuneration) shall be distributed as employees’ compensation and directors’ remuneration. The ratio shall not be 5% ~ 15% for employees’ compensation and shall not be higher than 1% for directors’ remuneration. However, If the Company has accumulated deficit (including adjusting the unappropriated earnings), earnings shall be retained to cover losses.

• The Remuneration Policy for directors and managers are set out according to the Regulations Governing Salaries and Bonuses and take into account the general pay levels in the same industry, individual performance assessment results, the time spent by the individual and their responsibilities, the extent of goal achievement, their performance in other positions, and the compensation paid to employees holding equivalent positions in recent years. Also, the Company evaluates the reasonableness of the correlation between the individual’s performance and this Company’s operational performance and future risk exposure, with respect to the achievement of short-term and long-term business goals and the financial position of this Company.

• According to the Company’s Remuneration Policy for employees, in addition to the 12-month base salary, employees are rewarded with bonuses based on the achievement of the operating performance of the Group (Company) or business unit in the year and the individual performance assessment results.

Table 14,Page2