CLEVO CO. - Interim / Quarterly Report 2021

CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REVIEW REPORT JUNE 30, 2021 AND 2020

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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INDEPENDENT AUDITORS’ REVIEW REPORT TRANSLATED FROM CHINESE

To the Board of Directors and Shareholders of CLEVO CO.

PWCR21001542

Introduction

We have reviewed the accompanying consolidated balance sheets of Clevo Co. and subsidiaries (the “Group”) as at June 30, 2021 and 2020, and the related consolidated statements of comprehensive income for the three-month and six-month periods then ended, as well as the consolidated statements of changes in equity and of cash flows for the six-month periods then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies. Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” as endorsed by the Financial Supervisory Commission. Our responsibility is to express a conclusion on these consolidated financial statements based on our reviews.

Scope of review

Except as explained in the following paragraph, we conducted our reviews in accordance with the Statement of Auditing Standards No. 65, “Review of Financial Information Performed by the Independent Auditor of the Entity” in the Republic of China. A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Basis for qualified conclusion

As explained in Notes 4(3) and 6(5), the financial statements of certain insignificant consolidated subsidiaries and investments accounted for using equity method were not reviewed by independent auditors. Total assets of these subsidiaries (including investments accounted for using equity method) amounted to NT$14,065,305 thousand and NT$13,552,753 thousand, constituting 15% and 14% of the consolidated total assets as at June 30, 2021 and 2020, respectively, total liabilities amounted to NT$1,934,336 thousand and NT$2,003,142 thousand, constituting 4% and 3% of the consolidated total liabilities as at June 30, 2021 and 2020, respectively, and total comprehensive income (including share

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of other comprehensive (loss) income of associates and joint ventures accounted for using equity method) amounted to NT$42,118 thousand, (NT$25,958) thousand, NT$142,433 thousand and (NT$108,876) thousand, constituting 21%, 3%, 16% and 7% of the consolidated total comprehensive (loss) income for the three-month and six-month periods then ended, respectively.

Qualified conclusion

Except for the adjustments to the consolidated financial statements, if any, as might have been determined to be necessary had the financial statements of certain consolidated subsidiaries and investments accounted for using equity method been reviewed by independent auditors as described in the Basis for qualified conclusion section above, based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Group as at June 30, 2021 and 2020, and of its consolidated financial performance and its consolidated cash flows for the three-month and six-month periods then ended and its consolidated cash flows for the six-month periods then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” as endorsed by the Financial Supervisory Commission.

Wu, Han-Chi[Liang, Hua-Ling ]

For and on behalf of PricewaterhouseCoopers, Taiwan August 12, 2021

The accompanying consolidated 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 consolidated 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.

As the financial statements are the responsibility of the management, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.

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CLEVO CO. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

JUNE 30, 2021, DECEMBER 31, 2020 AND JUNE 30, 2020 (Expressed in thousands of New Taiwan dollars) (The balance sheets as of June 30, 2021 and 2020 are reviewed, not audited)

ASSETS	Notes	June 30, 2021 AMOUNT % `$` `3,360,494` `3` `1,954,613` `2` `962,842` `1` `-` `-` `3,112,840` `3` `-` `-` `272` `-` `5,615,630` `6` `-` `-` `743,577` `1` `15,750,268 16` `25,915` `-` `3,549,495` `4` `4,189,932` `4` `4,350,607` `5` `63,812,974 67` `23,022` `-` `624,708` `1` `3,178,950` `3` `79,755,603 84` `$` `95,505,871 100` (Continued)	December 31, 2020 AMOUNT % `$` `4,918,051` `5` `1,609,467` `2` `814,113` `1` `-` `-` `2,248,910` `2` `-` `-` `272` `-` `3,709,265` `4` `-` `-` `935,809` `1` `14,235,887` `15` `25,836` `-` `3,448,208` `4` `4,711,606` `5` `4,527,645` `5` `63,638,847` `67` `30,705` `-` `612,834` `1` `3,034,654` `3` `80,030,335` `85` `$` `94,266,222` `100`	June 30, 2020	June 30, 2020
		AMOUNT `$` `3,360,494` `1,954,613` `962,842` `-` `3,112,840` `-` `272` `5,615,630` `-` `743,577` `15,750,268` `25,915` `3,549,495` `4,189,932` `4,350,607` `63,812,974` `23,022` `624,708` `3,178,950` `79,755,603` `$` `95,505,871` (Continued)	AMOUNT `$` `4,918,051` `1,609,467` `814,113` `-` `2,248,910` `-` `272` `3,709,265` `-` `935,809` `14,235,887` `25,836` `3,448,208` `4,711,606` `4,527,645` `63,638,847` `30,705` `612,834` `3,034,654` `80,030,335` `$` `94,266,222`	AMOUNT `$` `7,055,397` `1,476,430` `153,377` `2` `2,753,559` `107` `262` `4,588,913` `3,655,626` `905,121` `20,588,794` `69` `3,255,396` `5,559,621` `4,344,386` `60,889,299` `35,793` `212,691` `2,935,017` `77,232,272` `$` `97,821,066`	%
Current assets 1100 Cash and cash equivalents 1110 Financial assets at fair value through profit or loss - current 1136 Financial assets at amortised cost - current 1150 Notes receivable, net 1170 Accounts receivable, net 1180 Accounts receivable due from related parties, net 1220 Current income tax assets 130X Inventories 1460 Non-current assets or disposal groups classified as held for sale, net 1470 Other current assets 11XX Total current assets Non-current assets 1535 Financial assets at amortised cost - non-current 1550 Investments accounted for using equity method, net 1600 Property, plant and equipment 1755 Right-of-use assets 1760 Investment property, net 1780 Intangible assets 1840 Deferred income tax assets 1990 Other non-current assets 15XX Total non-current assets 1XXX Total assets	6(1) 6(2) 6(1) 6(3) 6(3) 6(3) and 7 6(4) and 8 6(11) 7 and 8 6(1) 6(5) 6(6) and 8 6(7), 7 and 8 6(9) and 8 6(10) 6(29) 6(1) and 8				`7` `1` `-` `-` `3` `-` `-` `5` `4` `1`
					`21`
					`-` `3` `6` `5` `62` `-` `-` `3`
					`79`
					`100`

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CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

JUNE 30, 2021, DECEMBER 31, 2020 AND JUNE 30, 2020

(Expressed in thousands of New Taiwan dollars) (The balance sheets as of June 30, 2021 and 2020 are reviewed, not audited)

					June 30, 2021				December 31, 2020	December 31, 2020			June 30, 2020
	LIABILITIES AND EQUITY	Notes			AMOUNT	%			AMOUNT	%			AMOUNT	%
	Current liabilities
2100	Short-term borrowings	6(12)		`$`	`8,196,104`		`9`	`$`	`6,856,140`		`7`	`$`	`8,099,619`		`8`
2120	Financial liabilities at fair value	6(2)
	through profit or loss - current				`-`		`-`		`15,781`		`-`		`3,915`		`-`
2130	Contract liabilities - current	6(22)			`327,738`		`-`		`179,636`		`-`		`455,178`		`1`
2150	Notes payable				`1,424`		`-`		`12,094`		`-`		`374`		`-`
2170	Accounts payable				`2,426,203`		`2`		`1,855,455`		`2`		`1,874,970`		`2`
2180	Accounts payable - related	7
	parties				`295,348`		`-`		`242,174`		`-`		`379,694`		`-`
2200	Other payables	7			`1,627,732`		`2`		`1,324,323`		`2`		`1,679,384`		`2`
2230	Current income tax liabilities	6(29)			`173,892`		`-`		`189,550`		`-`		`97,190`		`-`
2250	Provisions for liabilities -	6(17)
	current				`53,523`		`-`		`53,523`		`-`		`50,523`		`-`
2280	Lease liabilities - current	7			`22,591`		`-`		`15,963`		`-`		`15,060`		`-`
2320	Long-term liabilities, current	6(14)(15)
	portion				`5,573,334`		`6`		`6,594,537`		`7`		`5,655,462`		`6`
2399	Other current liabilities	6(13) and 7			`746,469`		`1`		`476,156`		`1`		`2,599,355`		`3`
21XX	Total current liabilities				`19,444,358`	`20`			`17,815,332`	`19`			`20,910,724`	`22`
	Non-current liabilities
2530	Corporate bonds payable	6(14)			`5,000,000`		`6`		`5,000,000`		`6`		`5,000,000`		`5`
	New Item
2540	Long-term borrowings	6(15)			`17,124,565`	`18`			`18,096,378`	`19`			`21,103,759`	`22`
2570	Deferred income tax liabilities	6(29)			`12,323,916`	`13`			`12,208,609`	`13`			`11,747,827`	`12`
2580	Lease liabilities - non-current	7			`113,399`		`-`		`96,305`		`-`		`100,956`		`-`
2670	Other non-current liabilities	6(5)(16) and 7			`1,126,853`		`1`		`1,170,460`		`1`		`1,340,321`		`1`
25XX	Total non-current
	liabilities				`35,688,733`	`38`			`36,571,752`	`39`			`39,292,863`	`40`
2XXX	Total liabilities				`55,133,091`	`58`			`54,387,084`	`58`			`60,203,587`	`62`
	Equity attributable to owners of
	parent
	Share capital	6(18)
3110	Ordinary share				`6,497,630`		`7`		`6,697,630`		`7`		`6,697,630`		`7`
	Capital surplus	6(19)
3200	Capital surplus				`57,256`		`-`		`95,864`		`-`		`95,864`		`-`
	Retained earnings	6(20)
3310	Legal reserve				`1,908,529`		`2`		`1,831,206`		`2`		`1,831,206`		`2`
3320	Special reserve				`37,224,886`	`39`			`36,717,272`	`39`			`37,125,537`	`38`
3350	Unappropriated retained
	earnings				`500,762`		`-`		`1,118,868`		`1`		`106,377`		`-`
	Other equity interest
3400	Other equity interest	6(21)	`(`		`4,770,511 )(`		`5) (`		`4,928,011) (`		`5)(`		`6,585,444) (`		`7)`
3500	Treasury shares	6(18)	`(`		`1,045,772 )(`		`1) (`		`1,653,691) (`		`2)(`		`1,653,691) (`		`2)`
31XX	Total equity attributable to
	owners of parent				`40,372,780`	`42`			`39,879,138`	`42`			`37,617,479`	`38`
3XXX	Total equity				`40,372,780`	`42`			`39,879,138`	`42`			`37,617,479`	`38`
	Significant contingent liabilities	9
	and unrecognised contract
	commitment
3X2X	TOTAL LIABILITIES AND
	EQUITY			`$`	`95,505,871`	`100`		`$`	`94,266,222`	`100`		`$`	`97,821,066`	`100`

The accompanying notes are an integral part of these consolidated financial statements.

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CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts) (REVIEWED, NOT AUDITED)

Items	Notes	Three months ended June 30	Three months ended June 30
		2021	2020
4000 Sales revenue 5000 Operating costs 5900 Net operating margin Operating expenses 6100 Selling expenses 6200 General and administrative expenses 6300 Research and development expenses 6450 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 7060 Share of profit/(loss) of associates and joint ventures accounted for using equity method 7000 Total non-operating income and expenses 7900 Profit before income tax 7950 Income tax expense 8200 Profit for the period

(Continued)

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CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts) (REVIEWED, NOT AUDITED)

Items	Notes	Three months ended June 30	Three months ended June 30
		2021	2020
Other comprehensive income Components of other comprehensive income that will be reclassified to profit or loss 8361 Financial statements translation differences of foreign operations 8370 Share of other comprehensive income (loss) of associates and joint ventures accounted for using equity method 8399 Income tax relating 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 period 8500 Total comprehensive income (loss) for the period Profit (loss) attributable to: 8610 Owners of the parent Comprehensive income (loss) attributable to: 8710 Owners of the parent Earnings per share (in dollars) 9750 Basic earnings per share 9850 Diluted earnings per share

The accompanying notes are an integral part of these consolidated financial statements.

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CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020 (Expressed in thousands of New Taiwan dollars) (REVIEWED, NOT AUDITED)

Notes						Equityattributable to	Equityattributable to	wners of theparent	wners of theparent
		Ordinaryshare			Capital Reserves			Retained Earnings			Other Equity Interest		Treasuryshares
			Total capital surplus, additional paid-in capital		Capital surplus, treasury share transactions	Capital surplus, donated income received	Legal reserve	Special reserve		Unappropriated retained earnings	Exchange differences on translation of foreign financial statements	Revaluation surplus
6(21) 6(20) 6(31) 6(21) 6(20) 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` `$` `37,866` `-` `-` `-` `-` `-` `-` `-` `(` `37,866` `)` `$` `-`		`$` `-` `-` `-` `-` `-` `-` `-` `-` `-` `$` `-` `$` `-` `-` `-` `-` `-` `-` `-` `989` `-` `$` `989`	`$ 1,724,342` `-` `-` `-` `106,864` `-` `-` `-` `-` `$ 1,831,206` `$ 1,831,206` `-` `-` `-` `77,323` `-` `-` `-` `-` `$ 1,908,529`	`$ 36,131,662` `-` `-` `-` `-` `993,875` `-` `-` `-` `$ 37,125,537` `$ 36,717,272` `-` `-` `-` `-` `507,614` `-` `-` `-` `$ 37,224,886`	`$ 1,100,739` `106,377` `-` `106,377` `(` `106,864 )` `(` `993,875 )` `-` `-` `-` `$` `106,377` `$ 1,118,868` `708,511` `-` `708,511` `(` `77,323 )` `(` `507,614 )` `(` `373,358 )` `-` `(` `368,322 )` `$` `500,762`		`($ 4,856,943` `)` `-` `(` `1,749,423` `)` `(` `1,749,423` `)` `-` `-` `-` `-` `-` `($ 6,606,366` `)` `($ 4,948,933` `)` `-` `157,500` `157,500` `-` `-` `-` `-` `-` `($ 4,791,433` `)`	`$` `20,922` `-` `-` `-` `-` `-` `-` `-` `-` `$` `20,922` `$` `20,922` `-` `-` `-` `-` `-` `-` `-` `-` `$` `20,922`	`($ 1,357,042 )` `-` `-` `-` `-` `-` `-` `(` `296,649 )` `-` `($ 1,653,691 )` `($ 1,653,691 )` `-` `-` `-` `-` `-` `-` `-` `607,919` `($ 1,045,772 )`	`$ 39,795,261` `106,377` `(` `1,749,423` `)` `(` `1,643,046` `)` `-` `-` `(` `248,906` `)` `(` `296,649` `)` `10,819` `$ 37,617,479` `$ 39,879,138` `708,511` `157,500` `866,011` `-` `-` `(` `373,358` `)` `989` `-` `$ 40,372,780`

The accompanying notes are an integral part of these consolidated financial statements.

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CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars)

(REVIEWED, NOT AUDITED)

CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax
Adjustments
Adjustments to reconcile profit (loss)
Depreciation

Amortisation

Expected credit loss

Net gain on financial assets (liabilities) mandatorily
measured at fair value through profit or loss

Interest expense

Interest income

Dividend income

Share of (profit) loss of associates and joint ventures
accounted for using the equity method

Loss on disposal of investment property

Loss (gain) on disposal of property, plant and
equitment

Loss on disposal of investments

Loss on disposal of intangible assets

Loss from adjustment 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
Notes receivable, net
Accounts receivable, net
Inventories
Capitalisation of interest (inventories)

Other current assets
Other non-current assets
Changes in operating liabilities
Contract liabilities
Notes payable
Accounts payable
Accounts payable - related parties
Other payables
Other current liabilities
Other non-current liabilities
Cash outflow generated from operations
Interest received
Dividends received
Interest paid
Income taxes paid
Net cash flows used in operating activities Six-monthperiods ended June30
Notes
2021
2020
$
938,858 $
276,632
6(6)(7)(27)
129,185
131,184
6(10)(27)
5,476
5,483
12(2)
2,448
7,423
6(25)
(
47,599 ) (
144,541 )
6(26)
329,296
488,467
6(23)
(
19,487 ) (
48,671 )
6(24)
(
28,173 ) (
27,953 )
6(5)
(
94,566 )
150,666
6(25)
-
4,252
6(25)
2,380 (
1,237 )
6(25)
6,918
3,274
6(25)
2,882
-
6(9)(25)
38,757
16,760
(
323,653 ) (
318,915 )
- (
2 )
(
866,270 ) (
762,439 )
(
1,259,445 ) (
556,517 )
6(4)
(
13,849 ) (
14,085 )
209,718
11,050
-
18,280
238,264
44,117
(
10,670 ) (
12,477 )
570,748
294,124
53,174
61,603
92,295 (
289,958 )
11,167 (
40,894 )
(
4,606 ) (
4,834 )
(
36,752 ) (
709,208 )
20,267
51,962
9,907
27,953
(
352,222 ) (
476,623 )
(
179,077 ) (
31,292 )
(
537,877 ) (
1,137,208 )

(Continued)

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CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

(Expressed in thousands of New Taiwan dollars)

(REVIEWED, NOT AUDITED)

CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) decrease in financial assets at amortised cost -
current
Acquisition of property, plant and equipment

Proceeds from disposal of property, plant and equipment
Decrease in refundable deposits
Acquisition of intangible assets

Acquisition of investment properties

Proceeds from disposal of investment properties

Interest paid (capitalisation of interest)

(Increase) decrease in financial assets at amortised cost -
non-current
(Increase) decrease in other non-current assets
Acquisition of right-of-use assets
Receipts in advance due to disposal of property, plant and
equipment
Net cash flows (used in) from investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings
Repayments of short-term borrowings
Increase (decrease) in other payables - related parties
Proceeds from long-term borrowings
Repayments of long-term borrowings
(Decrease) increase in guarantee deposit
Acquisition of treasury stock

Payments of lease liabilities

Net cash flows used in financing activities
Changes in exchange rate
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period Six-monthperiods ended June30
Notes
2021
2020
($
148,729 ) $
382,214
6(31)
(
83,965 ) (
155,171 )
6(31)
4,932
6,669
1,136
3,712
6(10)
(
594 ) (
11,966 )
6(31)
(
100,438 ) (
142,709 )
6(9)
5,759
12,435
6(9)
(
78,417 ) (
73,682 )
(
79 )
23,448
(
117,159 )
7,962
- (
3,909 )
-
653,858
(
517,554 )
702,861
28,974,675
45,020,558
(
27,633,604 ) (
46,093,156 )
259,147 (
215,650 )
15,027,317
10,628,065
(
17,051,894 ) (
9,609,654 )
(
38,578 )
54,080
6(31)
- (
288,091 )
6(32)
(
8,751 ) (
10,439 )
(
471,688 ) (
514,287 )
(
30,438 ) (
43,753 )
(
1,557,557 ) (
992,387 )
4,918,051
8,047,784
$
3,360,494 $
7,055,397

The accompanying notes are an integral part of these consolidated financial statements.

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CLEVO CO. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

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

(REVIEWED, NOT AUDITED)

1. HISTORY AND ORGANISATION

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 and its subsidiaries (collectively referred herein as the “Group”) are primarily engaged in the design, manufacture and sales of VDUs, computers and peripheral devices, and the leasing business of Buynow.

2. THE DATE OF AUTHORISATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL

STATEMENTS AND PROCEDURES FOR AUTHORISATION

These consolidated financial statements were authorised for issuance by the Board of Directors on August 12, 2021.

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:

	Effective date by
	International Accounting
New Standards, Interpretations and Amendments	Standards Board
Amendments to IFRS 4, ‘Extension of the temporary exemption from applying IFRS 9’	January 1, 2021
Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16, ‘Interest Rate Benchmark Reform— Phase 2’	January 1, 2021
Amendment to IFRS 16, ‘Covid-19-related rent concessions beyond 30 June 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 Group’s financial condition and financial performance based on the Group’s assessment.

~11~

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

the Group

New standards, interpretations and amendments endorsed by the FSC effective from 2022 are as 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: proceeds	January 1, 2022
before intended use’
Amendments to IAS 37, ‘Onerous contracts - cost of fulfilling a	January 1, 2022
contract’
Annual improvements to IFRSs 2018-2020 cycle	January 1, 2022

The above standards and interpretations have no significant impact to the Group’s financial condition and financial performance based on the Group’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 and Amendments	Effective date by International Accounting Standards Board
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’ 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

endorsed by the FSC are as follows:

New Standards,Interpretations and Amendments

Effective date by
International Accounting
Standards Board

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’
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

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

~12~

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

(1) Compliance statement

The consolidated financial statements of the Group have been prepared in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Issuers” and the International Accounting Standard 34, ‘Interim financial reporting’ as endorsed by the FSC.

(2) Basis of preparation

A. Except for the following items, the consolidated 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 Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

(3) Basis of consolidation

A. Basis for preparation of consolidated financial statements:
(a) All subsidiaries are included in the Group’s consolidated financial statements. Subsidiaries are all entities (including structured entities) controlled by the Group. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Consolidation of subsidiaries begins from the date the Group obtains control of the subsidiaries and ceases when the Group loses control of the subsidiaries.
(b) Inter-company transactions, balances and unrealized gains or losses on transactions between companies within the Group are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Group.

~13~

(c) Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests. Total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the noncontrolling interests having a deficit balance.
(d) Changes in a parent’s ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary (transactions with non-controlling interests) are accounted for as equity transactions, i.e. transactions with owners in their capacity as owners. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity.
(e) When the Group loses control of a subsidiary, the Group remeasures any investment retained in the former subsidiary at its fair value. That fair value is regarded as the fair value on initial recognition of a financial asset or the cost on initial recognition of the associate or joint venture. Any difference between fair value and carrying amount is recognised in profit or loss. All amounts previously recognised in other comprehensive income in relation to the subsidiary are reclassified to profit or loss on the same basis as would be required if the related assets or liabilities were disposed of. That is, when the Group loses control of a subsidiary, all gains or losses previously recognised in other comprehensive income in relation to the subsidiary should be reclassified from equity to profit or loss, if such gains or losses would be reclassified to profit or loss when the related assets or liabilities are disposed of.

~14~

B. Subsidiaries included in the consolidated financial statements:

Name of investor	Name of subsidiary	Main business activities	June 30, 2021 December 31,2020 June 30, 2020 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 Ownership (%)	June 30, 2021 December 31,2020 June 30, 2020 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 Ownership (%)	Description (Note 1) (Note 1) (Note 1) (Note 1)
			June 30, 2021	December 31,2020
The Company The Company The Company The Company The Company The Company Clevo (Cayman Islands) Holding Company Clevo (Cayman Islands) Holding Company	Clevo Computer Singapore Pte Ltd. Clevo (Cayman Islands) Holding Company Kapok Computer (Samoa) Corporation Kapok Computer Co., Ltd. Clevo Investment Co., Ltd. Buynow On-line Holding Corporation Buynow Global Corporation Buynow (Hangzhou) Corporatioon	Management and advisory of computers Investing Investing Design and sale of computers and computer peripherals Investing Investing Investing Investing	100 100 100 100 100 100 100 100	100 100 100 100 100 100 100 100

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

Ownership (%)
Name of Name of Main business June 30, December June 30,
investor subsidiary activities 2021 31, 2020 2020 Description
----- End of picture text -----

Name of investor	Name of subsidiary	Main busines activities	s June 30, 2021	December 31,2020	June 30, 2020 Description
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Zhengzhou)
Company	Corporation
Clevo (Cayman	Buynow Group	Investing	100	100	100
Islands) Holding	(Changsha)
Company	Corporation
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Nanchang)
Company	Corporation
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Guangzhou)
Company	Corporation
Clevo (Cayman	Flying Wolf	Investing	100	100	100
Islands) Holding	Investment
Company	Limited
Clevo (Cayman	Buynow (Xiamen)	Investing	100	100	100
Islands) Holding	Corporation
Company
Clevo (Cayman	Buynow Group	Investing	100	100	100
Islands) Holding	(Xian)
Company	Corporation
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Changchun)
Company	Corporation

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==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main busines activities	s June 30, 2021	December 31,2020	June 30, 2020 Description
Clevo (Cayman	Buynow Group	Investing	100	100	100
Islands) Holding	(Qingdao)
Company	Corporation
Clevo (Cayman	Buynow (Wuxi)	Investing	100	100	100
Islands) Holding	Corporation
Company
Clevo (Cayman	Buynow (Harbin)	Investing	100	100	100
Islands) Holding	Corporation
Company
Clevo (Cayman	Flying	Investing	100	100	100
Islands) Holding	International
Company	Investment
	Limited
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Chongqing)
Company	Limited
Clevo (Cayman	Buynow (Daqing)	Investing	100	100	100
Islands) Holding	Corporation
Company
Clevo (Cayman	Buynow (Zibo)	Investing	100	100	100
Islands) Holding	Corporation
Company
Clevo (Cayman	Buynow (Beijing)	Investing	100	100	100
Islands) Holding	Corporation
Company
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Yancheng)
Company	Corporation
Clevo (Cayman	Skill Develop	Investing	100	100	100
Islands) Holding	International
Company	Limited

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==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main busines activities	s June 30, 2021	December 31,2020	June 30, 2020 Description
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Yingkou)
Company	Corporation
Clevo (Cayman	Buynow (Anshan)	Investing	100	100	100
Islands) Holding	Corporation
Company
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Huizhou)
Company	Corporation
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Guiyang)
Company	Corporation
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Taizhou)
Company	Corporation
Clevo (Cayman	Buynow (Dezhou)	Investing	100	100	100
Islands) Holding	Corporation
Company
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Luoyang)
Company	Corporation
Clevo (Cayman	Smarter Capital	Investing	100	100	100
Islands) Holding	Limited
Company

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==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Clevo (Cayman	Buynow (Fujian	Investing	100	100	100
Islands) Holding	Quanzhou)
Company	Corporation
Clevo (Cayman	Buynow (Jinzhou)	Investing	100	100	100
Islands) Holding	Corporation
Company
Clevo (Cayman	Clevo (China)	Investing in	100	100	100
Islands) Holding	Investment Co.,	companies, setting
Company	Ltd.	up R&D
		department and
		consultation
		service
Clevo (Cayman	Buynow	Investing	100	100	100
Islands) Holding	(Shantou)
Company	Corporation
Clevo (Cayman	Clevo (HK)	Investing	100	100	100
Islands) Holding	Investment
Company	Holding Limited
Buynow	Buynow	Investing	100	100	100	(Note 1)
On-line Holding	On-line Limited
Corporation
Skill Develop	Well Asia	Investing	100	100	100
International	Investment
Limited	Limited
Clevo Computer	Buynow	Investing	100	100	100
Singapore Pte	(Chengdu)
Ltd.	Corporation

~19~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Clevo Computer	Buynow	Manufacturing,	100	100	100
Singapore Pte	(Nanjing) Facility	sale, research and
Ltd.	Leasing and	development
	Management Co.,	of computers and
	Ltd.	computer
		peripherals and
		services for related
		electronics
		products
Clevo Computer	Kalor Buynow	Manufacturing,	100	100	100
Singapore Pte	(Heifei)	sale, research and
Ltd.	Electronic	development
	Information Co.,	of computers and
	Ltd.	computer
		peripherals and
		services for related
		electronics
		products
Clevo Computer	Qingdao Buynow	Manufacturing,	8.82	8.82	8.82	(Note 2)
Singapore Pte	Technology	sale, research and
Ltd.	Industry Co., Ltd.	development
		of computers and
		computer
		peripherals;
		Display, advisory
		and after-sales
		service of digital
		products; Property
		management of
		self-owned
		buildings

~20~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow Group	Qingdao Buynow	Manufacturing,	20.59	20.59	20.59	(Note 2)
(Qingdao)	Technology	sale, research and
Corporation	Industry Co., Ltd.	development
		of computers and
		computer
		peripherals;
		Display, advisory
		and after-sales
		service of digital
		products; Property
		management of
		self-owned
		buildings
Kapok	Kapok Computer	Manufacturing,	100	100	100
Computer	(Kunshan) Co.,	sale, research and
(Samoa)	Ltd.	development and
Corporation		maintenance
		service
		of computers,
		notebooks, tablets,
		information and
		communication
		products and
		computer
		components
Buynow Global	Shanghai Buynow	Rental of	21.21	21.21	21.21	(Note 2)
Corporation	Electronic	exhibition,
	Information Co.,	advisory,
	Ltd.	maintenance
		service and
		property
		management of
		computer and
		related electronics
		products

~21~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020 Description
Buynow Global	Quality Trust	Property	100	100	100
Corporation	Property	management,
	Management Co.,	advisory of real
	Ltd.	estate, building
		leasing,
		housekeeping
		service, parking
		lot service, car
		wash service and
		business service
Buynow Global	Kunshan Kaishuo	Mechanical	100	100	100
Corporation	Trading Co., Ltd.	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
Buynow	Buynow	Manufacturing,	100	100	100
(Hangzhou)	(Hangzhou)	sale, research and
Corporation	Electronic	development and
	Information Co.,	after-sales service
	Ltd.	of computers and
		computer
		peripherals;
		Property
		management of
		buildings

~22~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020 Description
Buynow Group	Buynow (Xian)	Manufacturing,	100	100	100
(Xian)	Industry Co., Ltd.	sale, maintenance
Corporation		service, research
		and development
		of computers and
		computer
		peripherals and
		digital products
Buynow Group	Buynow	Manufacturing,	100	100	100
(Changsha)	(Changsha)	sale, research and
Corporation	Industry Co., Ltd.	development and
		after-sales services
		of computers and
		computer
		peripherals;
		Property
		management of
		buildings
Buynow	Buynow	Manufacturing,	100	100	100
(Zhengzhou)	(Zhengzhou)	sale, maintenance
Corporation	Electronic	service, research
	Information Co.,	and development
	Ltd.	of computers and
		computer
		peripherals and
		digital products
Buynow	Buynow	Manufacturing,	100	100	100
(Nanchang)	(Nanchang)	sale, research and
Corporation	Industry Co., Ltd.	development and
		after-sales services
		of computers and
		computer
		peripherals;
		Property
		management of
		buildings

~23~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow	Buynow	Manufacturing,	100	100	100
(Guangzhou)	Electronic	sale, maintenance
Corporation	Information	service, research
	(Guangzhou) Co.,	and development
	Ltd.	of computers and
		computer
		peripherals and
		digital products
Buynow	Buynow (Fujian)	Manufacturing,	100	100	100
(Xiamen)	Electronic	sale, maintenance
Corporation	Technology	service, research
	Development Co.,	and development
	Ltd.	of computers and
		computer
		peripherals and
		digital products
Buynow	Buynow	Manufacturing,	95.24	95.24	95.24	(Note 2)
(Changchun)	(Changchun)	sale, maintenance
Corporation	Industry Co., Ltd.	service, research
		and development
		of computers and
		computer
		peripherals;
		Property
		management of
		buildings
Flying Wolf	Buynow	Manufacturing,	4.76	4.76	4.76	(Note 2)
Investment	(Changchun)	sale, maintenance
Limited	Industry Co., Ltd.	service, research
		and development
		of computers and
		computer
		peripherals;
		Property
		management of
		buildings

~24~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Flying Wolf	Buynow	Research and	100	100	100
Investment	Electronic	development of
Limited	Information	computers and
	(Shenyang) Co.,	computer
	Ltd.	peripherals and
		electronic
		products;
		Advisory services
		of economic
		information
Flying Wolf	Buynow (Wuxi)	Manufacturing,	28.57	28.57	28.57	(Note 2)
Investment	Electronic	sale, maintenance
Limited	Technology	service, research
	Development Co.,	and development
	Ltd.	of computer
		software and
		digital products
Buynow (Wuxi)	Buynow (Wuxi)	Manufacturing,	71.43	71.43	71.43	(Note 2)
Corporation	Electronic	sale, maintenance
	Technology	service, research
	Development Co.,	and development
	Ltd.	of computer
		software and
		digital products
Buynow	Buynow (Harbin)	Manufacturing,	100	100	100
(Harbin)	Industry Co., Ltd.	sale, maintenance
Corporation		service, research
		and development
		of computers and
		computer
		peripherals and
		digital products

~25~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020 Description
Buynow	Buynow	Manufacturing,	100	100	100
(Chengdu)	(Chengdu)	sale, maintenance
Corporation	Electronic	service, research
	Information Co.,	and development
	Ltd.	of computers and
		computer
		peripherals;
		Property
		management of
		buildings
Flying	Tianjin Buynow	Manufacturing,	100	100	100
International	Electronic	sale, research and
Investment	Information Co.,	development of
Limited	Ltd.	computers and
		computer
		peripherals and
		digital products
Buynow	Buynow	Manufacturing,	100	100	100
(Chongqing)	(Chongqing)	sale, research and
Limited	Industry Co., Ltd.	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

~26~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow On-line	Shanghai Buynow	Wholesale and	100	100	100	(Note 1)
Limited	Online	retail, import and
	Information	export, and after-
	Technology Co.,	sales service of
	Ltd.	household
		appliances,
		computer and
		computer
		components,
		communication
		equipment,
		electrical devices,
		office supplies and
		complementary
		products;
		Development,
		technology
		transfer, advisory,
		service and
		training for
		internet, computer
		software and
		hardware and
		communication
		equipment
Buynow	Daqing Buynow	Manufacturing,	100	100	100
(Daqing)	Electronic	retail and
Corporation	Information Co.,	wholesale of
	Ltd.	computers and
		computer
		peripherals;
		Electronic
		information
		shopping mall
		management

~27~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Well Asia	Guangdong	Self-owned	65	65	65	(Note 2)
Investment	Buynow Real	property
Limited	Estate	management and
	Management Co.,	leasing;
	Ltd.	Manufacturing,
		research and
		development of
		computer software
		and hardware and
		digital products
Buynow (Zibo)	Zibo Buynow	Manufacturing,	100	100	100
Corporation	Electronic	sale, maintenance
	Information Co.,	service, research
	Ltd.	and development
		of computers and
		computer
		peripherals and
		digital products;
		Advisory services
		for business
		management;
		Leasing of self-
		owned buildings,
		parking lot
		management,
		shopping mall
		management and
		property
		management
Buynow	Beijing Clevo	Business advisory	76	76	76	(Note 2)
(Beijing)	Investment	of investment
Corporation	Management	management,
	Consultant Co.,	wholesale agency
	Ltd.	of electronic
		products, import
		and export of
		goods and
		property
		management

~28~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow	Buynow	Manufacturing,	100	100	100
(Yancheng)	(Yancheng)	maintenance
Corporation	Electronic	service, research
	Information	and development
	Technology	of computers and
	Development Co.	computer
	Ltd.	peripherals and
		digital products,
		and advisory of
		business
		management
Buynow	Buynow	Industrial	40	40	40	(Note 2)
(Huizhou)	Electronic	investment,
Corporation	Information	management
	(Huizhou) Co.,	advisory of
	Ltd.	business, property
		management,
		computer network
		workshop and
		advertisement
		production
Buynow	Yingkou Buynow	Manufacturing,	100	100	100
(Yingkou)	Electronic	maintenance
Corporation	Information Co.,	service, research
	Ltd.	and development
		of computers and
		computer
		peripherals and
		digital products,
		and business
		management
		advisory services

~29~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020 Description
Buynow	Anshan Buynow	Manufacturing,	100	100	100
(Anshan)	Electronic	maintenance
Corporation	Information Co.,	service, research
	Ltd.	and development
		of computers and
		computer
		peripherals and
		digital products,
		and business
		management
		advisory services
Buynow	Guiyang Buynow	Research and	100	100	100
(Guiyang)	Electronic	development of
Corporation	Information Co.,	computers and
	Ltd.	computer
		peripherals and
		electronic
		products, and
		business
		management
		advisory services
Buynow	Taizhou Buynow	Manufacturing,	100	100	100
(Taizhou)	Electronic	maintenance
Corporation	Information Co.,	service, research
	Ltd.	and development
		of computers and
		computer
		peripherals and
		digital products,
		and business
		management
		advisory services
Smarter Capital	Buynow SZ.	Investing	100	100	100
Limited	Corporation

~30~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow SZ.	Suzhou Jinzuo	Business affairs	100	100	100
Corporation	Industry Co., Ltd.	and property
		management
		business
Buynow	Dezhou Buynow	Research and	48.6	100	100	(Note 5)
(Dezhou)	Electronic	development
Corporation	Information Co.,	and maintenance
	Ltd.	service of
		computers and
		computer
		peripherals and
		electronic
		products; Business
		management
		advisory services
		and shopping mall
		management
Buynow	Luoyang Buynow	Research and	100	100	100
(Luoyang)	Electronic	development
Corporation	Information Co.,	and maintenance
	Ltd.	service of
		computers and
		computer
		peripherals and
		electronic
		products; Business
		management
		advisory services
		and shopping mall
		management

~31~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020 Description
Buynow (Fujian	Quanzhou	Research and	100	100	100
Quanzhou)	Buynow Industry	development
Corporation	Co., Ltd.	and maintenance
		service of
		computers and
		computer
		peripherals and
		electronic
		products; Business
		management
		advisory services
		and shopping mall
		management
Buynow	Buynow (Jinzhou)	Manufacturing of	100	100	100
(Jinzhou)	Industry Co., Ltd.	computer software
Corporation		and hardware and
		consumer
		electronic
		products; Business
		management
		advisory services
		and shopping mall
		management
Buynow	Shantou Buynow	Investment in	100	100	100
(Shantou)	Mall Co., Ltd.	companies
Corporation		primarily engaged
		in research and
		development and
		advisory services

~32~

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Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Kapok	Kunshan Kaiming	Provide market	100	100	100
Computer Co.,	Trading Co., Ltd.	management
Ltd.		services for
		operators of laptop
		computers, tablets,
		desktop
		computers,
		palmtop
		computers,
		information and
		communication
		products and
		computer
		components
Shanghai	Shanghai Buynow	Provide market	100	100	100
Buynow	Electronic	management
Electronic	Products Market	services for
Information Co.,	Management Co.,	operators of
Ltd.	Ltd.	electronic products
Shanghai	Shanghai Huihei	Advertising design	100	100	100
Buynow	Advertisment Co.,	and marketing
Electronic	Ltd.
Products Market
Management
Co., Ltd.
Shanghai	Shanghai	Catering business	80	80	80	(Note 2)
Buynow	Huizhuan	management
Electronic	Restaurant
Products Market	Management Co.,
Management	Ltd.
Co., Ltd.
Quality Trust	Wuxi Quantai	Property	100	100	100
Property	Property	management, real
Management	Management Co.,	estate advisory
Co., Ltd.	Ltd.	services, building
		leasing,
		housekeeping
		service, parking
		lot service, car
		wash service and
		business service

~33~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow (Wuxi)	Wuxi Buynow	Leasing of facility,	100	100	100
Corporation	Electronic Market	market
	Co., Ltd.	management
		service, catering
		management,
		property
		management,
		parking lot
		management
Buynow (Wuxi)	Beijing Kaiye	Technology	12.5	12.5	10	(Note 3)
Corporation	Electronic	extension services,
	Technology Co.,	computer
	Ltd.	maintenance,
		public parking lot
		service for
		motorcycle,
		property
		management,
		business
		management
		advisory services,
		business building
		leasing, wholesale
		of computer and
		computer
		peripherals,
		hardware
		electronic products
		and household
		appliances
Buynow	Xiamen Lejing	Internet café and	-	-	100	(Note 4)
(Fujian)	Internet Bar Co.,	internet message
Electronic Co.,	Ltd.	service
Ltd.

~34~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow	Guandong Huijing	Self-owned	35	35	35	(Note 2)
Electronic	Real Estate	property
Information	Development Co.,	management and
(Guangzhou)	Ltd.	leasing,
Co., Ltd.		manufacturing,
		sale, research and
		development of
		computer software
		and hardware and
		digital products
Buynow	Buynow	Industrial	60	60	60	(Note 2)
Electronic	Electronic	investment,
Information	Information	business
(Guangzhou)	(Huizhou) Co.,	management
Co., Ltd.	Ltd.	advisory services,
		property
		management,
		computer network
		workshop and
		advertisement
		production
Clevo (China)	Shanghai	Catering business	20	20	20	(Note 2)
Investment Co.,	Huizhuan	management
Ltd.	Restaurant
	Management Co.,
	Ltd.
Clevo (China)	Shanghai Buynow	Leasing of	78.79	78.79	78.79	(Note 2)
Investment Co.,	Electronic	exhibition space
Ltd.	Information Co.,	for computer and
	Ltd.	electronic
		products,
		information
		advisory,
		maintenance
		service and
		property
		management

~35~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Clevo (China)	Qingdao Buynow	Leasing of	70.59	70.59	70.59	(Note 2)
Investment Co.,	Technology	exhibition space
Ltd.	Industrial Co.,	for computer and
	Ltd.	electronic
		products,
		information
		advisory,
		maintenance
		service and
		property
		management
Kalor Buynow	Beijing Kaiye	Technology	12.5	12.5	20	(Note 3)
(Heifei)	Electronic	extension services,
Electronic	Technology Co.,	computer
Information Co.,	Ltd.	maintenance,
Ltd.		public parking lot
		service for
		motorcycle,
		property
		management,
		business
		management
		advisory services,
		business building
		leasing, wholesale
		of computer and
		computer
		peripherals,
		hardware
		electronic products
		and household
		appliances

~36~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow	Beijing Kaiye	Technology	12.5	12.5	20	(Note 3)
Electronic	Electronic	extension services,
Information	Technology Co.,	computer
(Zhengzhou)	Ltd.	maintenance,
		public parking lot
		service for
		motorcycle,
		property
		management,
		business
		management
		advisory services,
		business building
		leasing, wholesale
		of computer and
		computer
		peripherals,
		hardware
		electronic products
		and household
		appliances

~37~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow	Beijing Kaiye	Technology	12.5	12.5	20	(Note 3)
(Changchun)	Electronic	extension services,
Industry Co.,	Technology Co.,	computer
Ltd.	Ltd.	maintenance,
		public parking lot
		service for
		motorcycle,
		property
		management,
		business
		management
		advisory, and
		business building
		leasing, wholesale
		of computer and
		computer
		peripherals,
		hardware
		electronic products
		and household
		appliances

~38~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow	Beijing Kaiye	Technology	25	25	-	(Note 3)
(Nanchang)	Electronic	extension services,
Industry Co.,	Technology Co.,	computer
Ltd.	Ltd.	maintenance,
		public parking lot
		service for
		motorcycle,
		property
		management,
		business
		management and
		advisory, business
		building leasing,
		wholesale of
		computer and
		computer
		peripherals,
		hardware
		electronic products
		and household
		appliances

~39~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Buynow	Beijing Kaiye	Technology	12.5	12.5	20	(Note 3)
(Hangzhou)	Electronic	extension services,
Electronic	Technology Co.,	computer
Information	Ltd.	maintenance,
Co., Ltd.		public parking lot
		service for
		motorcycle,
		property
		management,
		business
		management and
		advisory, business
		building leasing,
		wholesale of
		computer and
		computer
		peripherals,
		hardware
		electronic products
		and household
		appliances

~40~

==> picture [462 x 50] intentionally omitted <==

Name of investor	Name of subsidiary	Main business activities	June 30, 2021	December 31,2020	June 30, 2020	Description
Tianjin Buynow	Beijing Kaiye	Technology	12.5	12.5	10	(Note 3)
Electronic	Electronic	extension services,
Information Co.,	Technology Co.,	computer
Ltd.	Ltd.	maintenance,
		public parking lot
		service for
		motorcycle,
		property
		management,
		business
		management and
		advisory, business
		building leasing,
		wholesale of
		computer and
		computer
		peripherals,
		hardware
		electronic products
		and household
		appliances

~41~

==> picture [462 x 50] intentionally omitted <==

investor	subsidiary	activities	2021	31,2020	2020	Description
Buynow	Beijing Clevo	Business advisory	12.39	12.39	12.39	(Note 2)
(Changchun)	Investment	of investment
Industry Co.,	Management	management,
Ltd.	Consultant Co.,	wholesale agency
	Ltd.	of electronic
		products, import
		and export of
		goods and
		property
		management
Buynow	Beijing Clevo	Business advisory	11.61	11.61	11.61	(Note 2)
Electronic	Investment	of investment
Information	Management	management,
(Zhengzhou)	Consultant Co.,	wholesale agency
	Ltd.	of electronic
		products, import
		and export of
		goods and
		property
		management
Buynow	Dezhou	Research and	12.85	-	-	(Note 5)
(Chengdu)	Buynow	development and
Electronic	Electronic	maintenance
Information	Information Co.,	service of
Co., Ltd.	Ltd.	computers and
		computer
		peripherals and
		electronic
		products; Business
		management
		advisory services
		and shopping mall
		management

~42~

==> picture [462 x 50] intentionally omitted <==

investor	subsidiary	activities	2021 3	1,2020	2020	Description
Buynow	Dezhou	Research and	12.85	-	-	(Note 5)
(Zhengzhou)	Buynow	development and
Electronic	Electronic	maintenance
Information	Information Co.,	service of
Co., Ltd.	Ltd.	computers and
		computer
		peripherals and
		electronic
		products; Business
		management
		advisory services
		and shopping mall
		management
Guangdong	Dezhou	Research and	12.85	-	-	(Note 5)
Buynow Real	Buynow	development and
Estate	Electronic	maintenance
Management	Information Co.,	service of
Co., Ltd.	Ltd.	computers and
		computer
		peripherals and
		electronic
		products; Business
		management
		advisory services
		and shopping mall
		management
Buynow	Dezhou	Research and	12.85	-	-	(Note 5)
(Changchun)	Buynow	development and
Industry Co.,	Electronic	maintenance
Ltd.	Information Co.,	service of
	Ltd.	computers and
		computer
		peripherals and
		electronic
		products; Business
		management
		advisory services
		and shopping mall
		management

~43~

Note 1: The financial statements of the entity as of and for the six-month periods ended June 30, 2021 and 2020 were not reviewed by the independent auditors as the entity did not meet the definition of a significant subsidiary.
Note 2: The parent company of the Group held 100% of the shares in these subsidiaries, and the subsidiaries were included in the consolidated financial statements.
Note 3: On August 14, 2020, Beijing Kaiye Electronic Technology Co., Ltd. increased its capital and consequently, the ownership percentage held by Tianjin Buynow Electronic Information Co., Ltd. and Buynow (Wuxi) Electronic Technology Development Co., Ltd. increased from 10% to 12.5%, the ownership percentage held by Buynow (Zhengzhou) Electronic Information Co., Ltd., Buynow (Changchun) Industry Co., Ltd., Buynow (Hangzhou) Electronic Information Co., Ltd. and Kalor Buynow (Heifei) Electronic Information Co., Ltd. decreased from 20% to 12.5% and the ownership percentage held by Buynow (Nanchang) Industry Co., Ltd. increased from 0% to 25%. The parent company of the Group held 100% of the shares in these subsidiaries, and the subsidiaries were included in the consolidated financial statements .
Note 4: The registration of Xiamen Lejing Internet Bar Co., Ltd. was cancelled on September 15, 2020.
Note 5: On May 17, 2021, Dezhou Buynow Electronic Information Co., Ltd. increased its capital, and consequently, the ownership percentage held by BUYNOW (DEZHOU) CORPORATION decreased from 100% to 48.6%; the ownership percentage held by Buynow (Chengdu) Electronic Information Co., Ltd., Buynow (Zhengzhou) Electronic Information Co., Ltd., Guangdong Buynow Real Estate Management Co., Ltd. and Buynow (Changchun) Industry Co., Ltd. increased from 0% to 12.85%. The parent company of the Group held 100% of the shares in the subsidiary, and the subsidiary was included in the consolidated financial statements .
C. Subsidiaries not included in the consolidated financial statements:

Name of investor	Name of subsidiary	Main business activities	June 30, 2021 December 31,2020 June 30, 2020 100 100 100 Ownership (%)	June 30, 2021 December 31,2020 June 30, 2020 100 100 100 Ownership (%)	Description (Note)
				December 31,2020
The Company	Clevo France Sarl	Design and sale of computers and computer peripherals	100	100

Note: As CLEVO FRANCE SARL has ceased operations, there was no outstanding balance in its

balance sheet and income statement accounts as of and for the six-month periods ended June 30, 2021 and 2020.

D. Adjustments for subsidiaries with different balance sheet dates: None.
E. Significant restrictions: None.

~44~

F. Subsidiaries that have non-controlling interests that are material to the Group: None.
(4) Foreign currency translation
Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in “New Taiwan Dollars”, which is the Company’s functional and the Group’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 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 group 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 Group 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

~45~

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 Group 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.

(5) 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 realized, 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 realized 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.
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.

(6) 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.

(7) 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 amortized 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 Group measures the financial assets at fair value and recognises the

~46~

transaction costs in profit or loss. The Group subsequently measures the financial assets at fair value, and recognises the gain or loss in profit or loss.

D. The Group recognises the dividend income when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.
(8) Financial assets at amortized cost
A. Financial assets at amortized cost are those that meet all of the following criteria:
(a) The objective of the Group’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 amortized cost are recognised and derecognised using trade date accounting.
C. At initial recognition, the Group 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 Group’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 immaterial.
(9) Accounts and notes receivable
A. Accounts and notes receivable entitle the Group 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.
(10) Impairment of financial assets
For debt instruments measured at fair value through other comprehensive income and financial assets at amortized cost including accounts receivable that have a significant financing component and lease receivables, at each reporting date, the Group 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 that do not contain a significant financing component, the Group recognises the impairment provision for lifetime ECLs.

(11) Derecognition of financial assets

The Group 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 Group 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,

~47~

the Group has not retained control of the financial asset.

- (12) Leasing arrangements (lessor) 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.

(13) Inventories
A. Inventories, including construction in progress, buildings and land held for sale, are measured at acquired cost and capitalise borrowing costs incurred during the period of construction.
B. The lands use rights of house construction and the superficies rights of acquiring specific lands the Group acquired for construction development and leasing are in accordance with paragraph 6 and 8 of IAS 2, therefore, the acquired costs of land use rights are recognised as inventories.
C. The cost of the computers and peripheral products is determined using the weighted-average method. The cost of finished goods and work in progress comprises raw materials, direct labor, other direct costs and relating production overheads (allocated based on normal operating capacity). It excludes borrowing costs.
D. Inventories are stated at the lower of cost and net realizable value. The item by item approach is used in applying the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and applicable variable selling expenses.
(14) Non-current assets held for sale

Non-current assets are classified as assets held for sale when their carrying amount is to be recovered principally through a sale transaction rather than through continuing use, and a sale is considered highly probable. They are stated at the lower of carrying amount and fair value less costs to sell.

(15) Investments accounted for using equity method / associates

A. Associates are all entities over which the Group has significant influence but not control. In general, it is presumed that the investor has significant influence, if an investor holds, directly or indirectly 20 percent or more of the voting power of the investee. Investments in associates are accounted for using the equity method and are initially recognised at cost.
B. The Group’s share of its associates’ 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 Group’s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.
C. When changes in an associate’s equity do not arise from profit or loss or other comprehensive income of the associate and such changes do not affect the Group’s ownership percentage of the associate, the Group recognises change in ownership interests in the associate in ‘capital surplus’ in proportion to its ownership.

~48~

D. Unrealized gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associates. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been adjusted where necessary to ensure consistency with the policies adopted by the Group.
E. When the Group disposes its investment in an associate and loses significant influence over this associate, the amounts previously recognised in other comprehensive income in relation to the associate, are reclassified to profit or loss, on the same basis as would be required if the relevant assets or liabilities were disposed of. If it retains significant influence over this associate, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately in accordance with the aforementioned approach.
(16) Investment accounted for using equity method joint ventures
A. Investment in joint arrangements are classified as joint ventures based on its contractual rights and obligations.
B. Investment accounted for using equity method - joint ventures
- The Group accounts for its interest in a joint venture using equity method. Unrealized profits and losses arising from the transactions between the Group and its joint venture are eliminated to the extent of the Group’s interest in the joint venture. However, when the transaction provides evidence of a reduction in the net realizable value of current assets or an impairment loss, all such losses shall be recognised immediately. When the Group’s share of losses in a joint venture equals or exceeds its interest in the joint venture together with any other unsecured receivables, the Group does not recognise further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the joint venture.
(17) 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 Group 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 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

~49~

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:

Errors’, from the date of the change. The estimated useful lives are as follows:	of property, plant and equipment
Buildings and structures	2 ~ 50 years
Machinery and equipment	3 ~ 5 years
Molding equipment	1 ~ 3 years
Computer and communication equipment	3 ~ 5 years
Transportation equipment	1 ~ 5 years
Office equipment	3 ~ 5 years
Other equipment	3 ~ 5 years
Leasehold improvements	5 ~ 30
years

(18) 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 Group. For short-term leases or leases of lowvalue 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 Group 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.

(19) Investment property

A. The investment property is to earn rental revenue or for capital appreciation or both instead of non-owner-occupied property held by the Group.
B. The Group acquired the specific land superficies and its right to use of the constructed buildings

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on the land. Due to the development of the construction plans, the Group leased the land as the investing properties and recognised the acquired historical cost of the land use rights as the basis.

C. 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.

(20) Intangible assets

A. Computer software
- Computer software is stated at cost and amortized on a straight-line basis over its estimated useful life of 1 to 10 years.
B. Goodwill
- Goodwill arises in a business combination accounted for by applying the acquisition method.
(21) Impairment of non-financial assets
A. The Group 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. Except for goodwill, when the circumstances or reasons for recognising 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 amortized historical cost would have been if the impairment had not been recognised.
B. The recoverable amounts of goodwill are evaluated periodically. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. Impairment loss of goodwill previously recognised in profit or loss shall not be reversed in the following years.
C. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the cash-generating units, or groups of cash-generating units, that is/are expected to benefit from the synergies of the business combination. Each unit or group of units to which the goodwill is allocated represents the lowest level within the entity at which the goodwill is monitored for internal management purposes. Goodwill is monitored at the operating segment level.

(22) 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 amortized 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

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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 amortized over the period of the facility to which it relates.

(23) 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.

(24) 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 categorized as financial liabilities held for trading unless they are designated as hedges.
B. At initial recognition, the Group measures the financial liabilities at fair value. All related transaction costs are recognised in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognised in profit or loss.

(25) Bonds payable

Ordinary corporate bonds issued by the Group 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 amortized to profit or loss over the period of bond circulation using the effective interest method as an adjustment to ‘finance costs’.

(26) Derecognition of financial liabilities

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

(27) 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 realize the asset and settle the liability simultaneously.

(28) 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.

(29) Provisions

Warranty provisions are recognised when the Group 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. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation on

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the balance sheet date, which is discounted using a pre-tax discount rate that reflects the current market assessments of the time value of money and the risks specific to the obligation. When discounting is used, the increase in the provision due to passage of time is recognised as interest expense. Provisions are not recognised for future operating losses.

(30) 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.

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 Group 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 highquality 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 Group uses interest rates of government bonds (at the balance sheet date) instead.
- ii. Remeasurements arising on defined benefit plans are recognised in other comprehensive income in the period in which they arise and are recorded as retained earnings.
- iii. Past service costs are recognised immediately in profit or loss.
- iii. Pension cost for the interim period is calculated on a year-to-date basis by using the pension cost rate derived from the actuarial valuation at the end of the prior financial year, adjusted for significant market fluctuations since that time and for significant curtailments, settlements, or other significant one-off events. And, the related information is disclosed accordingly.
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

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amounts and the subsequently actual distributed amounts is accounted for as changes in estimates. If employee compensation is paid by shares, the Group calculates the number of shares based on the closing price at the previous day of the board meeting resolution.

(31) 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 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 Group 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 realized 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 utilized. 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 realize 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 realize 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

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investments to the extent that it is possible that future taxable profit will be available against which the unused tax credits can be utilized.

G. The interim period income tax expense is recognised based on the estimated average annual effective income tax rate expected for the full financial year applied to the pretax income of the interim period, and the related information is disclosed accordingly.
H. If a change in tax rate is enacted or substantively enacted in an interim period, the Group recognises the effect of the change immediately in the interim period in which the change occurs. The effect of the change on items recognised outside profit or loss is recognised in other comprehensive income or equity while the effect of the change on items recognised in profit or loss is recognised in profit or loss.

(32) 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.

(33) 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 effective date of new shares issuance.

(34) Revenue recognition

A. Sales of goods
(a) The Group 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 Group has objective evidence that all criteria for acceptance have been satisfied.
(b) The computers are often sold with volume discounts based on aggregate sales over a 12month period. Revenue from these sales is recognised based on the price specified in the contract, net of the estimated volume discounts and sales discounts and allowances. Accumulated experience is used to estimate and provide for the volume discounts and sales

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discounts and allowances, using the expected value method, and revenue is only recognised to the extent that it is highly probable that a significant reversal will not occur. The estimation is subject to an assessment at each reporting date. A refund liability is recognised for expected volume discounts and sales discounts and allowances payable to customers in relation to sales made until the end of the reporting period. 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 Group does not adjust the transaction price to reflect the time value of money.

(c) The Group’s obligation to provide a refund for faulty products under the standard warranty terms is recognised as a provision.
(d) 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. Booth rental revenue

The Group held investment properties to earn rentals, and lease revenue is recognised on a straight-line basis over the lease term.

C. Land development and resale
(a) The Group develops and sells residential properties. Revenue is recognised when control over the property has been transferred to the customer. The properties have generally no alternative use for the Group due to contractual restrictions. However, an enforceable right to payment does not arise until legal title has passed to the customer. Therefore, revenue is recognised at a point in time when the legal title has passed to the customer.
(b) The revenue is measured at an agreed upon amount under the contract. The consideration is due when legal title has been transferred.
D. Hotel revenue
(a) The main services the Group provides are food services and accommodations.
(b) Food services revenue is recognised at a point in time when the products are sold to the customers and the payments are charged immediately. The Group’s sales policy offers customers the rights of return within a certain time period. The estimate of sales return is evaluated with expected method based on historical experiences at the time of sale, and accumulated revenue the Group recognised shall not be reversed in the following years according to historical experiences. The validity of this assumption and estimated amount of returns are reassess at each reporting date.
(c) The accommodations revenue is recognised on a straight-line basis throughout the period of stay of the customer. The customer pays at the time specified in the payment schedule.
E. Incremental costs of obtaining a contract
Given that the contractual period lasts less than one year, the Group recognises the incremental costs of obtaining a contract as an expense when incurred although the Group expects to recover

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those costs.

(35) Government grants

Government grants are recognised at their fair value only when there is reasonable assurance that the Group will comply with any conditions attached to the grants and the grants will be received. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises expenses for the related costs for which the grants are intended to compensate. Government grants related to property, plant and equipment are recognised as non-current liabilities and are amortized to profit or loss over the estimated useful lives of the related assets using the straight-line method.

(36) Operating segments

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The Group’s chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Board of Directors that makes strategic decisions.

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF

ASSUMPTION UNCERTAINTY

The preparation of these consolidated financial statements requires management to make critical judgements in applying the Group’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 Group’s accounting policies

Investment property

The Group uses a portion of the property for its own use and another portion to earn rentals or for capital appreciation. When these portions cannot be sold separately and cannot be leased out separately under a finance lease, the property is classified as investment property only if the own-use portion accounts for an insignificant part of the property.

(2) Critical accounting estimates and assumptions

A. Evaluation of inventories

As inventories are stated at the lower of cost and net realizable value, the Group must determine the net realizable value of inventories on balance sheet date using judgements and estimates. Due to the rapid technology innovation, the Group 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 realizable 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 June 30, 2021, the carrying amount of inventories was $5,615,630.

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B. Investment property measured at fair value

The Group 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 utilized and industrial characteristics. Any changes of economic circumstances or estimates due to the change of Group strategy might cause material effect in the amount of investment property measured at fair value.

As of June 30, 2021, the carrying amount of investment property was $63,812,974.

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

TAILS OF SIGNIFICANT ACCOUNTS Cash and cash equivalents
June 30, 2021 December 31, 2020 Cash on hand and revolving funds 2,002 $ 1,684 $ Checking accounts and demand deposits 3,358,492 2,227,954 Time deposits - 2,688,413 3,360,494 $ 4,918,051 $	June 30, 2020
	1,788 $ 2,807,844 4,245,765 7,055,397 $

A. The Group 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. Time deposits pledged to others as collateral for borrowings and those with maturity over three months totaling $988,757, $839,949 and $153,446 were classified as financial assets at amortized cost as of June 30, 2021, December 31, 2020 and June 30, 2020, respectively.
C. Demand deposits pledged to others as collateral for bonds payable amounting to $1,016,970, $1,022,720 and $1,127,219 were classified as ‘other non-current assets’ as of June 30, 2021, December 31, 2020 and June 30, 2020, respectively.

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

Assetsitems Current items: Financial assets mandatorily measured at fair value through profit or loss Listed stocks Beneficiary certificates Forward foreign exchnge contracts Valuation adjustment		June 30,2021	December31,2020	December31,2020		June 30,2020
		490,627 $ 925,055 - 538,931 1,954,613 $		481,102 $ 619,591 9,351 499,423 1,609,467 $		486,639 $ 607,009 24 382,758 1,476,430 $

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June 30, 2021 December 31, 2020 June 30, 2020

	June30,2021	Decem	ber31,2020	June30,2020
Liabilitiesitems
Current items:
Financial liabilities designated as
at fair value through profit or loss	- $	($	15,781)	3,915) ($
Forward foreign exchange contracts	- $	($	15,781)	3,915) ($

A. Amounts recognised in profit or loss in relation to financial assets at fair value through profit or loss are listed below:

Financial assets mandatorily measured at fair value through profit or loss Equity instruments Beneficiary certificates Derivative instruments Financial assets mandatorily measured at fair value through profit or loss Equity instruments Beneficiary certificates Forward foreign exchange contracts	June 30,2021 June 30, 2020 125,955) ($ 142,621 $ 99,711 124,354 16,279) ( 6,012) ( 42,523) ($ 260,963 $ Three-monthperiod ended June 30, 2021 June 30, 2020 22,584) ($ 38,018 $ 56,835 106,132 6,430 2,883) ( 40,681 $ 141,267 $ Six-monthperiod ended	Three-monthperiod ended

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

Derivative financial assets Current items: Foreign exchange swap Derivative financial liabilities Current items: Forward foreign exchange contracts	Contract amount (notionalprincipal) Contract period USD$ 9,000 2020/06/08~2021/06/10 USD 27,000 2020/06/08~2021/06/30 December31,2020
	Contract amount (notionalprincipal) USD$ 9,000 USD 27,000

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==> picture [461 x 123] intentionally omitted <==

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

June 30, 2020
Contract amount
Derivative financial assets (notional principal) Contract period
Current items:
Forward exchange swap USD $9,000 2020/06/08~2021/06/10
Derivative financial liabilities
Current items:
Forward foreign exchange contracts USD $31,000 2020/4/14~2021/06/11
----- End of picture text -----

Forward foreign exchange contracts / Foreign exchange swaps

The Group entered into forward foreign exchange contracts and foreign exchange swaps to sell or buy foreign currency to hedge exchange rate 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 Group has no financial assets at fair value through profit or loss pledged to others.
D. Information on the fair value and price risk of financial assets at fair value through profit or loss is provided in Notes 12(2) and (3).

(3) Accounts receivable

is provided in Notes 12(2) and (3). Accounts receivable
Accounts receivable Accounts receivable - related parties Notes receivable Less: Allowance for uncollectible accounts	June 30,2021	December31,2020	June 30,2020
	3,154,448 $ - - 41,608) ( 3,112,840 $	2,288,178 $ - - 39,268) ( 2,248,910 $	2,809,029 $ 107 2 55,470) ( 2,753,668 $

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

Not past due Up to 30 days 31 to 90 days 91 to 180 days Over 180 days	June 30,2021 December31,2020 Accounts receivable Accounts receivable Accounts receivable Notes receivable 2,637,642 $ 1,727,638 $ 2,121,591 $ 2 $ 399,084 443,958 537,700 - 37,289 49,709 67,102 - 22,300 17,220 28,718 - 58,133 49,653 54,025 - 3,154,448 $ 2,288,178 $ 2,809,136 $ 2 $ June 30,2020	June 30,2020	June 30,2020
			Notes receivable
			2 $ - - - -
			2 $

The above ageing analysis was based on past due date.

B. As of June 30, 2021, December 31, 2020, June 30, 2020 and January 1, 2020, the balances of receivables (including notes receivable) from contracts with customers amounted to $3,154,448, $2,288,178, $2,809,138 and $2,045,675, respectively.

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C. The Group has no accounts receivable pledged to others.
D. As at June 30, 2021, December 31, 2020, June 30, 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 Group’s accounts and notes receivable was $3,112,840, $2,248,910 and $2,753,668, respectively.
E. The Group has taken out credit insurance on accounts receivable from some of the main clients. The Group will get compensation based on the agreements.
F. Information related to credit risk of accounts receivable is provided in Note 12(3).
(4) Inventories

Inventories
Raw materials Semi-finished goods Finished goods Merchandise inventory Buildings and land held for sale Construction in progress Raw materials Semi-finished goods Finished goods Merchandise inventory Inventory in transit Buildings and land held for sale	June 30,2021
	Cost Allowance for valuation loss 3,246,294 $ 48,915) ($ 156,411 6,404) ( 62,083 190) ( 33,204 - 3,497,992 55,509) ( 1,592,712 143,827) ( 724,262 - $5,814,966 ($ 199,336) December31,2020	Bookvalue 3,197,379 $ 150,007 61,893 33,204 3,442,483 1,448,885 724,262 $5,615,630
	Cost Allowance for valuation loss 1,862,500 $ 56,773) ($ 108,348 3,449) ( 4,717 660) ( 31,773 - 26,723 - 2,034,061 60,882) ( 1,879,476 143,390) ( $3,913,537 ($204,272)	Bookvalue 1,805,727 $ 104,899 4,057 31,773 26,723 1,973,179 1,736,086 $3,709,265

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				June 30,2020
				Allowance for
		Cost		valuation loss		Book value
Raw materials	$	1,972,328	($	47,261)	$	1,925,067
Semi-finished goods		178,405	(	1,782)		176,623
Finished goods		155,287	(	950)		154,337
Merchandise inventory		10,670		-		10,670
Inventory in transit		11,336		-		11,336
		2,328,026	(	49,993)		2,278,033
Buildings and land held for sale		2,339,200	(	28,320)		2,310,880
	$	4,667,226	($	78,313)	$	4,588,913

A. The cost of inventories recognised as expense for the three-month and six-month periods ended June 30, 2021 and 2020 was $5,056,166, $4,315,069, $9,392,274 and $6,795,166, respectively, including the amount of $15,490 and $4,825 that the Group reversed from a previous inventory write-down and accounted for as reduction of cost of goods sold as a result of the subsequently sale of scrap inventories for the three-month and six-month periods ended June 30, 2021, respectively, as well as the amount of $2,344 and $6,505 that the Group wrote down from cost to net realisable value accounted for as cost of goods sold for the three-month and six-month periods ended June 30, 2020, respectively.
B. The capitalised borrowing costs for the three-month and six-month periods ended June 30, 2021 and 2020 were $8,452, $7,184, $13,849 and $14,085, respectively, and the capitalised rates were 0%~5.03%, 3.00%~5.34%, 0%~5.03% and 3.00%~5.70%, respectively.
C. As of June 30, 2021, inventories pledged are described in Note 8.

(5) Investments accounted for using equity method

Associates: Chicony Square (Wuhan) Inc. Chicony Square (Cayman) Inc. Chicony Chengdu International Inc. Joint ventures: TAIPEI TWIN CORPORATION Other non-current liabilities Chicony Square (Cayman) Inc.		June 30,2021	December31,2020		June 30,2020
		2,416,478 $ 97,791 56,562 978,664 3,549,495 $ June 30,2021	2,361,152 $ 50,181 49,738 987,137 3,448,208 $ December31,2020 - $		2,225,921 $ - 34,147 995,328 3,255,396 $ June 30,2020
		- $			71,012 $

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A. Associates:

(a) The basic information of the associates that are material to the Group is as follows:

Companyname Chicony Square (Wuhan) Inc. Chicony Square (Cayman) Inc. Chicony Chengdu International Inc.	Principal place of business Nature of relationship Method of measurement June 30, 2021 December 31,2020 June 30, 2020 China (Note 2) 30% 30% 30% Significant influence associate Equity method China (Note 3) 30% 30% 30% Significant influence associate Equity method China (Note 2) 3.75% (Note 1) 3.75% (Note 1) 3.75% (Note 1) Significant influence associate Equity method Shareholdingratio

Note 1: The Group held 30% of shares in these subsidiaries.

Note 2: The registration is British Virgin Islands, and the principal place of business is China.

Note 3: The registration is Cayman Islands, and the principal place of business is China.

(b)The summarised financial information of the associates that are material to the Group is as follows:

Balance sheet

follows: Balance sheet
			Chicony		Square (Wuhan)	Inc.
			June 30,2021	December31,2020		June	30,2020
Current assets		$	392,636	$	386,488	$	369,961
Non-current assets			7,679,161		7,517,517		7,059,262
Current liabilities	(		16,871)	(	33,498)	(	9,488)
Total net assets		$	8,054,926	$	7,870,507	$	7,419,735
Carrying amount of the
associate		$	2,416,478	$	2,361,152	$	2,225,921

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Chicony Square (Cayman) Inc.

			June 30,2021	December31,2020	December31,2020	December31,2020		June	30,2020
Current assets		$	2,058		$	2,072		$	2,174
Non-current assets			2,631,175			2,481,058			2,182,515
Current liabilities	(		214,613)	(		208,661)	(		210,096)
Non-current liabilities	(		2,092,650)	(		2,107,200)	(		2,211,300)
Total net assets		$	325,970		$	167,269	($		236,707)
Carrying amount of the
associate		$	97,791		$	50,181	($		71,012)
			Chicony ChengduInternational Inc.
			June 30,2021	December31,2020				June	30,2020
Current assets		$	30		$	30		$	31
Non-current assets			1,508,292			1,326,308			910,560
Total net assets		$	1,508,322		$	1,326,338		$	910,591
Carrying amount of the
associate		$	56,562		$	49,738		$	34,147

Statement of comprehensive income

Statement of comprehensive income
Profit (loss) for the perod from continuing operations Other comprehensive loss, net of tax Total comprehensive income (loss) Profit (loss) for the perod from continuing operations Other comprehensive income (loss), net of tax Total comprehensive income (loss)	June 30, 2021 June 30,2020 79,496 $ 131,407) ($ 42,510) ( 144,350) ( 36,986 $ 275,757) ($ Chicony Square (Wuhan) Inc. Three-month period ended Chicony Square (Wuhan)Inc.
		Six-monthperiod ended
		June 30,2021 June 30,2020 169,830 $ 321,875) ($ 14,590 222,503) ( 184,420 $ 544,378) ($

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Profit for the period from continuing operations Other comprehensive loss, net of tax Total comprehensive income (loss) Profit (loss) for the period from continuing operations Other comprehensive income (loss), net of tax Total comprehensive income (loss) Profit (loss) for the period from continuing operations Other comprehensive loss, net of tax Total comprehensive income (loss) Profit (loss) for the period from continuing operations Other comprehensive income (loss), net of tax Total comprehensive income (loss)	June 30, 2021 June 30,2020 133,996 $ 8,674 $ 4,968) ( 18,425) ( 129,028 $ 9,751) ($ Chicony Square (Cayman)Inc. Three-monthperiod ended June 30,2021 June 30, 2020 155,622 $ 148,958) ($ 3,079 28,535) ( 158,701 $ 177,493) ($ Chicony Square (Cayman) Inc. Six-monthperiod ended Chicony ChengduInternational Inc.	June 30, 2021 June 30,2020 133,996 $ 8,674 $ 4,968) ( 18,425) ( 129,028 $ 9,751) ($ Chicony Square (Cayman)Inc. Three-monthperiod ended June 30,2021 June 30, 2020 155,622 $ 148,958) ($ 3,079 28,535) ( 158,701 $ 177,493) ($ Chicony Square (Cayman) Inc. Six-monthperiod ended Chicony ChengduInternational Inc.
	June 30, 2021 June 30, 2020 133,472 $ 7,143) ($ 5,659) ( 21,056) ( 127,813 $ 28,199) ($ Three-monthperiod ended Chicony Chengdu International Inc.
		Six-month period ended
		June 30,2021 June 30,2020 178,441 $ 170,740) ($ 3,542 32,611) ( 181,983 $ 203,351) ($

B. Joint ventures

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

Companyname	Principal place of business	Shareholdingratio	Shareholdingratio	Shareholdingratio	Nature of relationship	Method of measurement
		June 30, 2021	December 31,2020	June 30, 2020
TAIPEI TWIN CORPORATION	New Taipei City	50%	50%	50%	Financial investment	Equity method

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(b) The summarized financial information of the joint venture that is material to the Group is as follows:

Balance sheet

follows: Balance sheet
			TAIPEI TWIN			CORPORATION
			June 30,2021	December31,2020				June	30,2020
Cash and cash equivalents		$	1,290,683		$	602,554		$	61,199
Other current assets			3,139			1,002,612			3,039
Current assets			1,293,822			1,605,166			64,238
Construction in progress and equipment to be inspected			-			-			112,586
Financial assets at amortised
cost			-			-			1,818,653
Other non-current assets			686,074			384,876			119
Non-current assets			686,074			384,876			1,931,358
Total assets		$	1,979,896		$	1,990,042		$	1,995,596
Current liabilities	($		22,568)	($		15,768)	($		4,939)
Total liabilities	(		22,568)	(		15,768)	(		4,939)
Total net assets		$	1,957,328		$	1,974,274		$	1,990,657
Share in joint venture's net assets		$	978,664		$	987,137		$	995,328
Carrying amount of the joint venture		$	978,664		$	987,137		$	995,328

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Statement of comprehensive income

Statement of comprehensive income
			TAIPEI TWIN CORPORATION
			Three-month	period ended
			June 30,2021		June 30,2020
Other operating expenses	($		10,217)	($	5,990)
Depreciation and amortisation	(		78)	(	17)
Interest income			564		632
Other gains and losses			-		-
Loss before income tax	(		9,731)	(	5,375)
Income tax expense			-		-
Loss, net of tax	($		9,731)	($	5,375)
Total comprehensive loss	($		9,731)	($	5,375)
Dividends received from joint venture		$	-	$	-

			TAIPEI TWIN CORPORATION	TAIPEI TWIN CORPORATION	TAIPEI TWIN CORPORATION
			Six-month period ended
			June 30,2021		June 30, 2020
Other operating expenses	($		18,107)	($	9,929)
Depreciation and amortisation	(		182)	(	30)
Interest income			841		1,700
Other gains and losses			503		-
Loss before income tax	(		16,945)	(	8,259)
Income tax expense			-		-
Loss, net of tax	($		16,945)	($	8,259)
Total comprehensive loss	($		16,944)	($	8,259)
Dividends received from joint venture		$	-	$	-

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 investments amounting to $1 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 will be jointly controlled by both parties based on the joint venture agreement.

C. The amounts of the associates accounted for under the equity method recognised by the Group were based on the financial statements of each associate that were not reviewed by the independent auditors for the corresponding periods. For the three-month and the six-month periods ended June 30, 2021 and 2020, the Group recognised share of profit (loss) and other comprehensive income of associates amounting to $48,786, ($78,050), $98,913 and ($211,894), respectively. On June 30, 2021 and 2020, the investments accounted for under the equity method amounted to $3,549,495

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and $3,255,396 and the credit balance of long-term investments (shown as other non-current liabilities) amounted to $0 and $71,012, respectively. On December 31, 2020, the amounts of associates accounted for under the equity method recognised by the Group were based on the financial statements of each associate that were audited by the independent auditors for the corresponding period. The related investments accounted for under the equity method amounted to $3,448,208.

(Remainder of page intentionally left blank)

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2021

(6) Property, plant and equipment

						2021
At January 1 Cost Accumulated depreciation and impairment Opening net book amount as at January 1 Additions Reclassifications Disposals Depreciation charge Net exchange differences Closing net book amount as at June 30 At June 30 Cost Accumulated depreciation and impairemt	Land 186,563 $ - 186,563 $ 186,563 $ - - - - - 186,563 $ 186,563 $ - 186,563 $	Buildings and structures	Machinery and equipment	Molding equipment	Computers and communication equipment	Transportation equipment	Office equipment	Leasehold improvements	Other equipment	Construction in progress and equipment to be inspected Total 1,589,055 $ 5,904,995 $ - 1,193,389) ( 1,589,055 $ 4,711,606 $ 1,589,055 $ 4,711,606 $ 11,398 34,595 12,749 471,466) ( - 7,312) ( - 92,725) ( 4,854 15,234 1,618,056 $ 4,189,932 $ 1,618,056 $ 5,249,089 $ - 1,059,157) ( 1,618,056 $ 4,189,932 $	Total
		3,111,643 $ 801,151) ( 2,310,492 $ 2,310,492 $ - 352,338) ( - 60,039) ( 6,637 1,904,752 $ 2,627,361 $ 722,609) ( 1,904,752 $	660,477 $ 134,140) ( 526,337 $ 526,337 $ 2,631 97,763) ( 82) ( 22,541) ( 1,590 410,172 $ 532,331 $ 122,159) ( 410,172 $	10,903 $ 8,751) ( 2,152 $ 2,152 $ 6,952 - - 1,194) ( 7 7,917 $ 17,406 $ 9,489) ( 7,917 $	68,864 $ 54,302) ( 14,562 $ 14,562 $ 2,785 - 153) ( 2,356) ( 13 14,851 $ 67,910 $ 53,059) ( 14,851 $	24,165 $ 19,362) ( 4,803 $ 4,803 $ 951 - 2,356) ( 800) ( 1,908 4,506 $ 22,824 $ 18,318) ( 4,506 $	163,013 $ 123,078) ( 39,935 $ 39,935 $ 1,296 19,797) ( 3,572) ( 1,818) ( 119 16,163 $ 100,069 $ 83,906) ( 16,163 $	56,912 $ 34,191) ( 22,721 $ 22,721 $ 7,555 342) ( 1,147) ( 2,202) ( 42 26,627 $ 63,200 $ 36,573) ( 26,627 $	33,400 $ 18,414) ( 14,986 $ 14,986 $ 1,027 13,975) ( 2) ( 1,775) ( 64 325 $ 13,369 $ 13,044) ( 325 $
											4,189,932 $

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At January 1 Cost Accumulated depreciation and impairment Opening net book amount as at January 1 Additions Reclassifications Disposals Depreciation charge Net exchange differences Closing net book amount as at June 30 At June 30 Cost Accumulated depreciation						2020
	Land 186,563 $ - 186,563 $ 186,563 $ - - - - - 186,563 $ 186,563 $ - 186,563 $	Buildings and structures	Machinery and equipment	Molding equipment	Computers and communication equipment	Transportation equipment	Office equipment	Leasehold improvements	Other epuipment
		3,112,276 $ 610,942) ( 2,501,334 $ 2,501,334 $ - 31,164) ( - 49,744) ( 81,311) ( 2,339,115 $ 3,037,040 $ 697,925) ( 2,339,115 $	720,609 $ 155,545) ( 565,064 $ 565,064 $ 19,078 2,235) ( 992) ( 32,854) ( 19,183) ( 528,878 $ 647,288 $ 118,410) ( 528,878 $	12,661 $ 8,144) ( 4,517 $ 4,517 $ - - - 1,168) ( 156) ( 3,193 $ 11,407 $ 8,214) ( 3,193 $	70,205 $ 57,432) ( 12,773 $ 12,773 $ 3,443 - 533) ( 2,402) ( 444) ( 12,837 $ 67,382 $ 54,545) ( 12,837 $	36,542 $ 28,493) ( 8,049 $ 8,049 $ - - 3,229) ( 163 875 5,858 $ 27,549 $ 21,691) ( 5,858 $	163,868 $ 115,343) ( 48,525 $ 48,525 $ 921 - 82) ( 5,034) ( 1,664) ( 42,666 $ 158,605 $ 115,939) ( 42,666 $	53,889 $ 26,870) ( 27,019 $ 27,019 $ 1,633 589) ( - 2,683) ( 194 25,574 $ 55,120 $ 29,546) ( 25,574 $	34,332 $ 17,462) ( 16,870 $ 16,870 $ 564 - 9) ( 2,168) ( 792) ( 14,465 $ 32,870 $ 18,405) ( 14,465 $

A. Refer to Note 6(9) D for the amount of borrowing costs capitalized as part of unfinished construction and the range of the interest rates for the three-month and six-month periods ended June 30, 2021 and 2020.

B. The significant components of the Group's buildings and structures, including main construction, steel structure, and related equipment of underground mezzanine are depreciated from 2 to 15 years.

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

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(7) Leasing arrangements - lessee

A. The Group leases various assets including land use right and office. Rental contracts are typically made for periods of 5 to 50 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. The carrying amount of right-of-use assets and the depreciation charge are as follows:

June 30, 2021 Carryingamount	December 31, 2020 June 30, 2020 Carrying amount Carrying amount 4,419,225 $ 4,230,575 $ 108,420 113,811 4,527,645 $ 4,344,386 $ Three-monthperiod ended	June 30, 2020
		Carrying amount
4,221,969 $ 128,638		4,230,575 $ 113,811
4,350,607 $		4,344,386 $

	June 30, 2021 June 30, 2020 Depreciationcharge Depreciationcharge 11,780 $ 13,072 $ 7,724 5,176 19,504 $ 18,248 $ June 30, 2021 June 30, 2020 Depreciationcharge Depreciationcharge 24,208 $ 26,450 $ 12,252 8,844 36,460 $ 35,294 $ Six-monthperiod ended
	June 30, 2021 Depreciationcharge 24,208 $ 12,252 36,460 $

C. For the three-month and the six-month periods ended June 30, 2021 and 2020, the additions to right-of-use assets were $32,110, $58,873, $32,110 and $58,873, respectively.
D. The information on profit and loss accounts related to lease contracts is as follows:

Items affecting profit or loss Interest expense on lease liabilities Expense on short-term lease contracts Items affecting profit or loss Interest expense on lease liabilities Expense on short-term lease contracts	Three-month period ended	Three-month period ended
	June 30, 2021 June30,2020 2,183 $ 2,226 $ 2,892 $ 1,951 $ Six-month period ended	June30,2020
		2,226 $
		1,951 $
	June 30, 2021 3,582 $ 6,076 $	June30,2020
		3,843 $
		6,217 $

E. For the six-month periods ended June 30, 2021 and 2020, the Group’s total cash outflow for leases were $18,409 and $16,749, respectively.

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F. Buynow (Xian), Guiyang Buynow, Yinkou Buynow, Anshan Buynow, Dezhou Buynow, Luoyang Buynow, Buynow (Jinzhou) and Kapok (Kunshan) acquired the land use right from their respective local government agencies for a period of 40 to 50 years. Except for the land use right of Kapok (Kunshan) which is for factory land use (As of June 30, 2021, the amount was $20,048), others are for shopping mall land use.
G. Guiyang Buynow and Yinkou Buynow entered into the state-owned construction land use right assignment contracts for the years ended December 31, 2014 and 2013 with their local government agencies. The total consideration was RMB 327,101, of which RMB 306,358 was paid and RMB 20,563 remains unpaid as of June 30, 2021. As of June 30, 2021, the transfer of property rights has not yet been completed.
(8) Leasing arrangements - lessor
A. The Group leases various assets classified as investment property. Rental contracts are typically made for periods of 1 and 20 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions.
B. For the three-month and the six-month periods ended June 30, 2021 and 2020, the Group recognised rent income on investment property in the amount of $659,355, $535,485, $1,323,421 and $1,205,587, 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:

2020 2021 2022 2023 2024 2025 2026 2027 and after	June 30,2021 - $ 263,816 435,375 387,695 367,048 375,120 365,085 1,374,232 3,568,371 $	December31,2020 - $ 469,125 381,254 355,924 356,171 365,417 361,177 1,366,695 3,655,763 $	June 30,2020 217,910 $ 443,289 345,049 321,878 326,354 334,363 329,867 1,035,269 3,353,979 $

(9) Investment property

Investment property
		2021			2020
At January 1	$	63,638,847	$		63,013,015
Additions from subsequent expenditures		30,121			25,367
Disposals	(	5,759)	(		16,661)
Net losses from fair value adjustment	(	38,757)	(		16,760)
Net exchange differences		188,522	(		2,115,662)
At June 30	$	63,812,974		$	60,889,299

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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 period
Direct operating expenses arising from the
investment property that did not generate rental
income during the period
Rental income from investment property
Direct operating expenses arising from the
investment property that generated rental
income during the period
Direct operating expenses arising from the
investment property that did not generate rental
income during the period

June 30, 2021
June 30, 2020
659,355
$
535,485
$ 213,844
$ 166,758
$ 20,258
$ 32,535
$ Three-monthperiod ended
June 30,2021
June 30, 2020
1,323,421
$ 1,205,587
$ 451,234
$ 357,611
$ 38,727
$ 64,560
$ Six-monthperiod ended

B. Measurement of investment property at fair value

The fair value of the investment property held by the Group as at June 30, 2021, December 31, 2020 and June 30, 2020 was $63,812,974, $63,638,847 and $60,889,299, respectively, which was valued by independent appraisers. Valuations were made using the income approach which is categorized within Level 3 in the fair value hierarchy. Key assumptions are as follows:

(a) Investment property is mainly divided into Taiwan-computer segment and China-Buynow Plaza. Currently, the lease terms of investment property for different segments are: approximately 2 to 5 years for Taiwan-computer segment; 19 years (from 2007 to 2026) for Buynow (Changsha); 15 years (from 2007 to 2022) for Buynow (Nanchang); 20 years (from 2008 to 2028) for Beijing Clevo Investment; 18 years (from 2016 to 2034) for Buynow (Quanzhou); 10 years (from 2017 to 2027) for Suzhou Jinzuo; 6 to20 years (from 2019 to 2050) for Buynow (Anshan); 15 years (from 2019 to 2034) for Luoyang Buynow, and 1 year for the remaining segments. 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 Group 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,

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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 estimated remaining lives of the use right at the disposal date, which will be capitalised based on the estimated discount rate and annual 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 accordance 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 time deposits or government bonds, as well as the Group’s liquidity, risk, value-added and degree of difficulty of management.
(e) The fair values of investment property under construction at the appraisal date and income estimation process were first determined by considering the growth of rent income under the forecast market conditions when the construction was completed, and were discounted using expected rental growth rate and vacancy loss to the appraisal date with a 10-year estimation period. Subsequently, the aforementioned discounted values reduced the necessary engineering costs and expenses incurred from appraisal date to expected completion date plus the discounted estimated salvage values.
(f) The appraisal reports adopted by the Group are co-certified by the real estate appraisers, Charlie Yang and Jia-Hui Chen from Cushman & Wakefield Limited (referred herein as “Cushman & Wakefield”) and Cushman & Wakefield Limited (HK). The appraisal dates are January 1, 2021 and 2020.

Summary of fair value disclosure on investment property:

Six-month period ended

Six-month period ended
June 30,2021 Comparative information between local rent and similar objective property rent (dollar/square or square meter/month) Movements of earnings in the prior year Average occupancy rates	Computer segment	Buynowplaza
	$642~$898 $70,608 100%	$91~$4,676 $3,977~$275,578 88%

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Six-month period ended June 30,2020 Comparative information between local rent and similar objective property rent (dollar/square or square meter/month) Movements of earnings in the prior year Average occupancy rates Discount rate -Computer segment -Buynow plaza	Computer segment Buynowplaza $639~$660 $77~$5,264 $65,401 $3,739~$299,323 100% 82% June 30,2021 December 31, 2020 June 30, 2020 3.10% 3.10% 3.65% 4.75%~6.75% 4.75%~6.75% 4.75%~6.75%

C. The fair value information about the investment property is provided in Note 12(4).
D. Amount of borrowing costs capitalised as part of unfinished construction, investment property
and long-term lease prepayments and the range of the interest rates for such capitalisation are as follows:

follows:
	Six-monthperiod ended
	June 30, 2021	June 30, 2020
Amount capitalised	$78,417	$73,682
Range of the interest rates for capitalisation	3.00%~5.34%	3.00%~5.34%

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

(10) Intangible assets

Software At January 1 Cost 20,452 $ At January 1 20,452 $ Additions-acquired separately 594 Disposals 2,871) ( Amortisation charge 5,476) ( Net exchange differences 39 At June 30 12,738 $ At June 30 Cost 12,738 $		2021

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						2020
			Software			Goodwill			Total
At January 1
Cost		$	19,656		$	10,270		$	29,926
At January 1		$	19,656		$	10,270		$	29,926
Additions			11,966			-			11,966
Amortisation charge	(		5,483)			-	(		5,483)
Net exchange differences	(		262)	(		354)	(		616)
At June 30		$	25,877		$	9,916		$	35,793
At June 30
Cost		$	25,877		$	9,916		$	35,793

Goodwill arose from Buynow segment of the Group.

Details of amortization on intangible assets are as follows:

Administrative expenses Research and development expenses Administrative expenses Research and development expenses	Three-month period ended
	June 30,2021 June 30, 2020 1,206 $ 1,410 $ 1,513 1,554 2,719 $ 2,964 $ June 30,2021 June 30, 2020 2,409 $ 2,736 $ 3,067 2,747 5,476 $ 5,483 $ Six-month period ended

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(11) Non-current assets held for sale

The assets related to property, plant and equipment and right-of-use assets of Shantou Buynow Mall Co., Ltd. (part of Buynow plaza segment) have been reclassified as disposal group held for sale following the approval of the Group’s Board of Directors on May 24, 2019 to sell property, plant and equipment and right-of-use assets to Chicony Industry (Wuhan) Co., Ltd. The transaction was completed in December 2020.

A. Assets of disposal group held for sale:

mpleted in December 2020. Assets of disposal group held for sale:
			June 30,2020
Property, plant and
equipment		$	3,164,097
Right-of-use assets			1,019,397
			4,183,494
Accumulated impairment	(		160,539)
Net exchange differences	(		367,329)
		$	3,655,622

B. For the six-month period ended June 30, 2020, impairment loss of $160,539 was recognised in other gains and losses as a result of the remeasurement of the disposal group held for sale at the lower of its carrying amount or fair value less costs to sell. Information relating to fair value is provided in Note 12(4).

(12) Short-term borrowings

provided in Note 12(4). Short-term borrowings
Type of borrowings Bank borrowings Bank secured borrowings Bank secured borrowing Bank unsecured borrowings Type of borrowings Bank borrowings Bank secured borrowings Bank secured borrowing Bank unsecured borrowings	June30,2021 129,573 $ 800,786 7,265,745 8,196,104 $ December31,2020		Interest rate range Collateral 4.25%~4.27% Investment property 0.60% Time deposits pledged 0.68%~1.00% Promissory note Interest rate range Collateral 4.15%~4.57% Investment property 0.59% Time deposits pledged 0.74%~1.00% Promissory note


		306,757 $ 497,299 6,052,084
		6,856,140 $

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==> picture [478 x 237] intentionally omitted <==

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

Type of borrowings June 30, 2020 Interest rate range Collateral
Bank borrowings
Bank secured borrowings $ 144,066 4.57%~5.00% Letter of credit
Bank secured borrowings 124,941 4.40% ～ 4.57% Investment property
Bank unsecured borrowings 7,830,612 0.80% ～ 2.40% Promissory note
$ 8,099,619
Other current liabilities
June 30, 2021 December 31, 2020 June 30, 2020
Advance rental revenue $ 426,173 $ 380,618 $ 397,213
- -
Other payables to related parties 259,147
Other current liabilities 61,149 95,538 140,614
Advance receipts from disposals - - 2,061,528
of property (Note)
$ 746,469 $ 476,156 $ 2,599,355
----- End of picture text -----

(13) Other current liabilities

Note: It refers to advance receipts from non-current assets held for sale.

(14) Bonds payable

Secured bonds payable Less: Current portion		June 30,2021	December 31,2020 June 30, 2020 5,000,000 $ 5,200,000 $ - 200,000) ( 5,000,000 $ 5,000,000 $
		5,000,000 $ - 5,000,000 $

A. On August 12, 2015, Clevo Co. issued $5,000,000 secured bonds, as approved by the regulatory authority. As of June 30, 2021, the bonds were all fully paid.
B. On August 22, 2019, Clevo Co. issued $5,000,000 secured bonds, as approved by the regulatory authority. As of June 30, 2021, the outstanding bonds payable was $5,000,000.

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C. The terms of the secured bonds are as follows:

Type of Bonds Issuance date Secured bonds payable 2015/8/28 Secured bonds payable 2019/8/26	Period Amount Coupon rate 5 years $5,000,000 Not exceeding fixed rate of 1.5% 5 years $5,000,000 Not exceeding fixed rate of 0.8%	Payment term	Security
		Principal is due at maturity. Interest is paid annually at simple interest rate. 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. Authorise Taiwan Cooperative Bank to execute corporate bond guarantee according to the guarantee agreement.

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- (15) Long term borrowings

Type of borrowings	Borrowing period and repayment term	Interest rate range	Collateral		June 30,2021
		0.52%~1.13% 1%~1.797% 0.73%~0.91% 1.05% 5.22% 5.30% 4.77%~5.25% 4.80%~5.37% 0.75%~0.91% 0.73%~0.91%	Promissory note Promissory note Promissory note Property, plant and equipment and investment property Investment property Property, plant and equipment Investment property Investment property Investment property Long-term prepaid rent and property, plant and equipment	5,764,110 $ 5,700,000 403,645 11,867,755 1,250,000 12,439 1,403,713 3,853,504 3,419,898 675,635 214,955 10,830,144 22,697,899 5,573,334) ( 17,124,565 $

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Type of borrowings	Borrowing period and repayment term	Interest rate range	Collateral		December 31,2020
		1.05% 5.22% 0.86%~0.89% 0.86%~0.87% 4.83%~5.25% 4.80%~5.45% 5.30% 0.87%~0.89% 1.03%~1.797% 0.52%~1.13%	Property, plant and equipment and investment Investment property Long-term prepaid rent and property, plant and equipment Investment property Investment property Investment property Promissory note Property, plant and equipment Promissory note Promissory note	12,786,078 1,250,000 13,780 11,904,838 24,690,915 6,594,537) ( 18,096,378 $ 212,547 703,571 4,479,293 1,442,498 3,803,149 6,520,000 $ 6,028,571 237,507

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Type of	Borrowing period
borrowings	and repayment term	Interest rate range	Collateral		June 30,2020
Unsecured	Borrowing period is from June 20, 2019 to	0.52%`～`1.06%	Promissory note		$	5,754,233
borrowings	March 19, 2021; interest is payable monthly,
	principal is payable in installments
Unsecured	Borrowing period is from December 28, 2018	1.0299%`～`1.797%	Promissory note			6,500,000
borrowings	to December 28, 2023; interest is payable
	monthly, principal is payable in installments
Unsecured	Borrowing period is from February 26, 2020	1.17%~3.18%	Promissory note			303,977
borrowings	to April 16, 2022; interest is payable
	quarterly, principal is payable at maturity
	date
						12,558,210
Secured	Borrowing period is from March 20, 2018 to	1.045%	Property, plant			1,250,000
borrowings	March 20, 2023; interest is payable monthly,		and equipment
	principal is payable at maturity date		and investment
			property
Secured	Borrowing period is from August 18, 2018 to	5.90%	Investment			1,436,822
borrowings	August 17, 2028; interest is payable monthly,		property
	principal is payable in installments
Secured	Borrowing period is from June 14, 2017 to	5.19%`～`5.90%	Investment			2,735,049
borrowings	December 26, 2022; interest is payable		property
	monthly, principal is payable at maturity date
Secured	Borrowing period is from June 8, 2015 to	1.6%`～`5.5%	Investment			4,345,221
borrowings	May 20, 2025; interest is payable monthly,		property
	principal is payable at maturity date
Secured	Borrowing period is from February 4, 2017 to	5.10%`～`5.47%	Investment			2,686,056
borrowings	December 6, 2026; interest is payable		property
	quarterly, principal is payable in installments
Secured	Borrowing period is from December 15, 2016	1.17%`～`5.83%	Investment			1,354,807
borrowings	to December 14, 2020; interest is payable		property
	quarterly, principal is payable at maturity
	date
Secured	Borrowing period is from September 28,	4.75%	Time deposits			83,517
borrowings	2019 to March 27, 2021; interest is payable		pledged
	quarterly, principal is payable at maturity
	date
Secured	Borrowing period is from February 26, 2020	1.17%`～3.18`%	Long-term prepaid			109,539
borrowings	to April 16, 2022; interest is payable		rent and property,
	monthly, principal is payable at maturity date		plant and
			equipment
						14,001,011
						26,559,221
Less: Current portion of long-term loans				(		5,455,462)
					$	21,103,759

~82~

(16) Pensions

A. Defined benefit pension plans
(a) The Company has a defined benefit pension plan in accordance with the Labor Standards Act, 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 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) For the aforementioned pension plan, the Group recognised pension costs of $0, $0, $0 and $1,627 for the three-month and the six-month periods ended June 30, 2021 and 2020, respectively.
(c) Expected contributions to the defined benefit pension plans of the Group for the year ending December 31, 2022 amount to $9,681.
B. Defined contribution plans
(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 Company’s China subsidiaries have a defined contribution plan. Monthly contributions to an independent fund administered by the government in accordance with the pension regulations in the People’s Republic of China (PRC) are based on a certain percentage of the employees’ monthly salaries and wages. Other than the monthly contributions, the Group has no further obligations.
(c) The pension costs under the defined contribution pension plans of the Group for the threemonth and the six-month periods ended June 30, 2021 and 2020 were $8,859, $9,135, $17,805 and $18,861, respectively.

~83~

(17) Provisions

Provisions
					Warranty
					2021			2020
At January 1				$	53,523		$	50,523
Additional provisions					37,821			32,541
Used during the period			(		37,821)	(		32,541)
At June 30				$	53,523		$	50,523
Analysis of total provisions:
		June 30,2021		December31,2020				June 30,2020
Current	$	53,523	$		53,523	$		50,523

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

(18) Share capital

A. As of June 30, 2021, the Company’s authorised capital was $7,500,000, consisting of 750 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. On June 15, 2012, the Board of Directors resolved to increase the Company’s authorised capital in the articles of incorporation to $9,000,000, consisting of 900 million shares of ordinary stock, 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 are as follows:

At January 1 Shares retired At June 30	2021 2020 595,216 605,216 - 10,000) ( 595,216 595,216

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	June 30,2021
		Number of shares	Carryingamount
The Company Subsidiary-Kapok Computer Subsidiary-Clevo Investment	To be reissued to employees Long-term investment Long-term investment	27,500 thousand 16,966 thousand 10,081 thousand	$ 842,284 95,305 108,183

~84~

December 31, 2020

Name of company holding the shares Reason for reacquisition The Company To be reissued to employees Subsidiary-Kapok Computer Long-term investment Subsidiary-Clevo Investment Long-term investment Name of company holding the shares Reason for reacquisition The Company To be reissued to employees Subsidiary-Kapok Computer Long-term investment Subsidiary-Clevo Investment Long-term investment	Number of shares Carryingamount 47,500 thousand $ 1,450,203 16,966 thousand 95,305 10,081 thousand 108,183 Number of shares Carrying amount 47,500 thousand $ 1,450,203 16,966 thousand 95,305 10,081 thousand 108,183 June 30, 2020

  - (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 realized 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 five-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.

(19) 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.

(20) 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 authorised 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

~85~

allocation resolved by the shareholders. The Board of Directors is authorised 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 and as the Company operates in a volatile business environment and is in the stable growth stage, the residual dividend policy is 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 to protect 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 the fair value model. Changes in value due to appreciation as of December 31, 2013 are reflected in the increase in Appropriated Retained Earnings. The Company will recognise the reversal of earnings if subsequently disposed or the investment properties decrease.
E. The Company postponed the shareholders’ meeting for 2021 due to the impact of the COVID-19 pandemic. The appropriations of 2020 earnings as resolved after meeting the statutory voting threshold by June 17, 2021 via the electronic voting platform and the appropriations of 2019 earnings as resolved by the shareholders on June 19, 2020 are as follows:

~86~

Legal reserve Special reserve Cash dividends	Amount Dividends per share (in dollars) 77,323 $ 507,614 373,358 0.6 $ 958,295 $ 2020	Amount Dividends per share (in dollars) 106,864 $ 993,875 - - $ 1,100,739 $ 2019

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

(21) Other equity items

(21)	Other equity items	Other equity items
(22)	Operating revenue Currency translation At January 1 4,948,933) ($ Currency translation differences: –Group 153,153 –Associates 5,434 –Tax on associates 1,087) ( At June 30 4,791,433) ($ Currency translation At January 1 4,856,943) ($ Currency translation differences: –Group 1,688,195) ( –Associates 76,534) ( –Tax on associates 15,306 At June 30 6,606,366) ($ June Revenue from contracts with customers -Sales revenue of computer products $ -Land development and resale -Hotel revenue -Other revenue Others-rental revenue $			Revaluation Total 20,922 $ 4,928,011) ($ - 153,153 - 5,434 - 1,087) ( 20,922 $ 4,770,511) ($ 2021 Revaluation Total 20,922 $ 4,836,021) ($ - 1,688,195) ( - 76,534) ( - 15,306 20,922 $ 6,585,444) ($ 2020 Three-monthperiod ended


		June	30,2021 5,302,092 212,826 - 215,021 641,333 6,371,272		June 30,2020 4,710,222 $ 117,085 9,873 211,779 518,207 5,567,166 $
		$
		$

~87~

		Six-month	period	ended
		June 30,2021		June 30,2020
Revenue from contracts with customers
-Sales revenue of computer products	$	10,008,579	$	7,196,097
-Land development and resale		275,267		272,253
-Hotel revenue		2,858		14,555
-Other revenue		398,749		341,717
Others-rental revenue		1,289,748		1,170,895
	$	11,975,201	$	8,995,517

A. Disaggregation of revenue from contracts with customers

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

Computer Segment Three-month period ended June 30,2021 Computer products Total segment revenue 9,109,334 $ Inter-segment revenue 3,807,242) ( Revenue from external customer contracts 5,302,092 $ Timing of revenue recognition At a point in time 5,302,092 $ Over time - 5,302,092 $	Land development and resale Hotel accommodations revenue 212,826 $ - $ - - 212,826 $ - $ 212,826 $ - $ - - 212,826 $ - $ Buynow Plaza	Others 215,021 $ 9,537,181 $ - 3,807,242) ( 215,021 $ 5,729,939 $ 215,021 $ 5,729,939 $ - - 215,021 $ 5,729,939 $ Total

~88~

Three-month period ended June 30,2020 Total segment revenue Inter-segment revenue Revenue from external customer contracts Timing of revenue recognition At a point in time Over time Six-month period ended June 30, 2021	Land development and resale Hotel accommodations revenue 117,085 $ 9,873 $ - - 117,085 $ 9,873 $ 117,085 $ - $ - 9,873 117,085 $ 9,873 $ Buynow Plaza Buynow Plaza	Land development and resale Hotel accommodations revenue 117,085 $ 9,873 $ - - 117,085 $ 9,873 $ 117,085 $ - $ - 9,873 117,085 $ 9,873 $ Buynow Plaza Buynow Plaza

	Land development and resale Hotel accommodations revenue 275,267 $ 2,858 $ - - 275,267 $ 2,858 $ 275,267 $ - $ - 2,858 275,267 $ 2,858 $
Total segment revenue Inter-segment revenue Revenue from external customer contracts Timing of revenue recognition At a point in time Over time		2,858 $ - 2,858 $ - $ 2,858 2,858 $

~89~

==> picture [460 x 249] intentionally omitted <==

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

Computer
Segment Buynow Plaza
Six-month period Land Hotel
ended June 30, Computer development accommodations
2020 products and resale revenue Others Total
Total segment
revenue $ 12,070,854 $ 272,253 $ 14,555 $ 185,550 $ 12,543,212
Inter-segment
revenue ( 4,874,757) - - - ( 4,874,757)
Revenue from
external customer
contracts $ 7,196,097 $ 272,253 $ 14,555 $ 185,550 $ 7,668,455
Timing of revenue
recognition
-
At a point in time $ 7,196,097 $ 272,253 $ $ 185,550 $ 7,653,900
Over time - - 14,555 - 14,555
$ 7,196,097 $ 272,253 $ 14,555 $ 185,550 $ 7,668,455
----- End of picture text -----

B. Contract assets and liabilities

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

Contract liabilities: Contract liabilities – Advance real estate receipts Contract liabilities – Advance sales receipts	June 30,2021 $ 126,878 200,860 $327,738	December 31,2020 $ 112,028 67,608 $179,636	June 30,2020 $ 394,217 60,961 $455,178	January1,2020
				527,687 $ 46,614
				574,301 $

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

period
Revenue recognised that was included in the contract liability balance at the beginning of the period Advance real estate receipts Advance sales receipts		Three-monthperiod ended
		June30,2021 61,452 $ 5,389 66,841 $	June30,2020 60,432 $ 4,374 64,806 $

~90~

Revenue recognised that was included in the contract liability balance at the beginning of the period Advance real estate receipts Advance sales receipts

	Six-month	period ended	period ended
June	30,2021		June30,2020
$	90,162	$	163,240
	67,608		21,928
$	157,770	$	185,168

(23) Interest income

Interest income from bank deposits

June30,2021 June 30, 2020 10,527 $ 24,147 $ Three-month period ended Six-month period ended	June30,2021 June 30, 2020 10,527 $ 24,147 $ Three-month period ended Six-month period ended
June 30,2021 19,487 $	June 30,2020
	48,671 $

(24) Other income

Other income
Rent income Dividend income Other income Rent income Dividend income Other income	Three-month period ended
	June 30,2021 June 30,2020 18,022 $ 17,278 $ 28,173 27,953 20,644 21,916 66,839 $ 67,147 $ June 30,2021 June 30,2020 33,673 $ 34,692 $ 28,173 27,953 37,723 39,404 99,569 $ 102,049 $ Six-monthperiod ended
	June 30,2021 33,673 $ 28,173 37,723 99,569 $

~91~

(25) Other gains and losses

Other gains and losses
			Three-monthperiod ended
			June 30,2021		June 30,	2020
(Losses) gains on financial assets (liabilities) at fair	($		40,455)		$	260,963
value through profit or loss
(Losses) gains on disposals of property, plant and	(		2,290)			1,072
equipment
Fee expense arising from financial liabilities not at	(		1,177)			-
fair value through profit or loss
Losses on disposals of investments	(		2,068)			-
Foreign exchange gains (losses)			61,884	(		248,167)
Losses on fair value adjustment, investment property	(		38,757)	(		16,760)
Losses on disposals of investment property			-	(		4,252)
Other losses	(		31,301)	(		19,728)
	($		54,164)	($		26,872)
			Six-monthperiod ended
			June 30,2021		June 30,	2020
Gains on financial assets (liabilities) at fair value		$	47,599		$	144,541
through profit or loss
(Losses) gains on disposals of property, plant and	(		2,380)			1,237
equipment
Losses on disposals of intangible assets	(		2,882)			-
Fee expense arising from financial liabilities not at	(		5,306)			-
fair value through profit or loss
Losses on disposals of investments	(		6,918)	(		3,274)
Foreign exchange losses	(		15,253)	(		245,958)
Losses on fair value adjustment, investment property	(		38,757)	(		16,760)
Losses on disposals of investment property			-	(		4,252)
Other losses	(		34,435)	(		26,922)
	($		58,332)	($		151,388)
Finance costs
			Three-month	period ended
			June 30,2021		June 30,	2020
Bank borrowings	$		214,205	$		275,715
Less: Capitalisation of qualifying assets	(		47,886)	(		44,071)
Interest expense	$		166,319	$		231,644

(26) Finance costs

~92~

Bank borrowings Less: Capitalisation of qualifying assets Interest expense

		Six-monthperiod ended	Six-monthperiod ended	Six-monthperiod ended
		June 30,2021		June 30,	2020
	$	421,561		$	576,234
(		92,265)	(		87,767)
	$	329,296		$	488,467

(27) Expenses by nature

Employee benefit expense Depreciation charges on property, plant and equipment Depreciation charges on right-of-use assets Amortisation charges on intangible assets Operating costs and expenses	June 30, 2021 June30,2020 516,446 $ 446,134 $ 46,353 50,873 19,504 18,248 2,719 2,964 585,022 $ 518,219 $ Three-month period ended

		Six-month	period ended	period ended
		June30,2021		June 30, 2020
Employee benefit expense	$	1,060,771	$	892,025
Depreciation charges on property, plant and
equipment		92,725		95,890
Depreciation charges on right-of-use assets		36,460		35,294
Amortisation charges on intangible assets		5,476		5,483
Operating costs and expenses	$	1,195,432	$	1,028,692

(28) Employee benefit expense

Employee benefit expense equipment Depreciation charges on right-of-use assets Amortisation charges on intangible assets Operating costs and expenses	92,725 95,890 36,460 35,294 5,476 5,483 1,195,432 $ 1,028,692 $	92,725 95,890 36,460 35,294 5,476 5,483 1,195,432 $ 1,028,692 $
Wages and salaries Labour and health insurance fees Pension costs Other personnel expenses	Three-month period ended
	June30,2021 436,792 $ 12,809 8,859 57,986 516,446 $	June30,2020
		381,269 $ 12,369 9,135 43,361
		446,134 $

Wages and salaries Labour and health insurance fees Pension costs Other personnel expenses	June30,2021 June30,2020 892,876 $ 742,891 $ 27,345 26,515 17,805 20,488 122,745 102,131 1,060,771 $ 892,025 $ Six-monthperiod ended	June30,2021 June30,2020 892,876 $ 742,891 $ 27,345 26,515 17,805 20,488 122,745 102,131 1,060,771 $ 892,025 $ Six-monthperiod ended
		June30,2020
		742,891 $ 26,515 20,488 102,131
		892,025 $

~93~

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 six-month period ended June 30, 2021, employees’ compensation was accrued at $92,000; while directors’ and supervisors’ remuneration was accrued at $8,000. The aforementioned amounts were recognised in salary expenses.
For the six-month period ended June,30, 2021, 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 six-month period ended June 30, 2020, the Company incurred a loss and thus, did not accrue employees’ compensation and directors’ and supervisors’ remuneration. 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.

(29) Income tax

A. Income tax expense

(a) Components of income tax expense:

Current tax: Current tax on profits for the period Prior year income tax under estimation Total current tax Deferred tax: Origination and reversal of temporary differences Total deferred tax Income tax expense	June 30,2021 June 30,2020 84,795 $ 113,955 $ - 2,400 84,795 116,355 30,277 4,363) ( 30,277 4,363) ( 115,072 $ 111,992 $ Three-monthperiod ended

~94~

Current tax: Current tax on profits for the period Prior year income tax under estimation Total current tax Deferred tax: Origination and reversal of temporary differences Total deferred tax Income tax expense	June 30,2021 June 30,2020 194,768 $ 221,195 $ - 2,431 194,768 223,626 35,579 53,371) ( 35,579 53,371) ( 230,347 $ 170,255 $ Six-monthperiod ended

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

follows:
		Three-month	period ended
	June	30,2021	June 30,	2020
Currency translation differences	$	2,891	$	9,923
		Six-month period ended
	June	30,2021	June 30,	2020
Currency translation differences	($	1,087)	($	15,306)

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

~95~

(30) Earnings per share

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
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

Weighted average
number of ordinary
shares outstanding
Earnings per
share
Amount aftertax
(sharesinthousands)
(indollars)
388,467
$ 595,216

0.65
$ .
388,467
$ 595,216
-
3,036
388,467
$ 598,252
0.65
$ Three-monthperiod endedJune30,2021
Weighted average
number of ordinary
shares outstanding
Earnings per
share
Amount aftertax
(sharesinthousands)
(indollars)
299,190
$ 596,331
0.50
$ 299,190
$ 596,331
-
-
299,190
$ 596,331
0.50
$ Three-monthperiod endedJune30,2020

Weighted average
number of ordinary
shares outstanding
Amount aftertax
(sharesinthousands)
299,190
$ 596,331
299,190
$ 596,331
-
-
299,190
$ 596,331

~96~

		Six-monthperiod	Six-monthperiod	endedJune30,2021	endedJune30,2021	endedJune30,2021
			Weighted average
			number of ordinary		Earnings per
			shares outstanding			share
	Amount	aftertax	(sharesinthousands)			(indollars)
Basic earnings per share
Profit attributable to ordinary	$	708,511		595,216	$	1.19
shareholders of the parent
Diluted earnings per share
Profit attributable to ordinary	$	708,511		595,216
shareholders of the parent
Assumed conversion of all dilutive
potential ordinary shares
Employees’ bonus		-		4,502
Profit attributable to ordinary
shareholders of the parent plus
assumed conversion of all dilutive
potential ordinary shares	$	708,511	$	599,718	$	1.18
		Six-monthperiod		endedJune30,2020
			Weighted average
			number of ordinary		Earnings per
			shares outstanding			share
	Amount	aftertax	(sharesinthousands)			(indollars)
Basic earnings per share
Profit attributable to ordinary	$	106,377		600,463	$	0.18
shareholders of the parent
Diluted earnings per share
Profit attributable to ordinary	$	106,377		600,463
shareholders of the parent
Assumed conversion of all dilutive
potential ordinary shares
Employees’ bonus		-		2,133
Profit attributable to ordinary
shareholders of the parent plus
assumed conversion of all dilutive
potential ordinary shares	$	106,377		602,596	$	0.18

~97~

(31) Supplemental cash flow information

A. Investing activities with partial cash payments

Purchase of property, plant and equipment
Add: Opening balance of payable
Ending balance of prepayment
Less: Ending balance of payable

Opening balance of prepayment

Capitalisation of interest

Cash paid during the period
Purchase of investment property
Add: Opening balance of payable
Less: Ending balance of payable

Cash paid during the period
Proceeds from disposal of property, plant
and equipment
Add: Opening balance of receivable
Less: Ending balance of receivable
Cash received during the period
Purchase of treasury stocks
Add: Opening balance of payable
Less: Ending balance of payable
Cash paid during the period

Six-monthperiod ended

June 30,2021
June 30,2020
34,595
$ 25,639
$ 386,727
568,705
4,094
75,205
317,726)
(
389,940)
(
3,139)
(
103,138)
(
20,586)
(
21,300)
(
83,965
$ 155,171
$ 30,121
$ 25,367
$ 88,173
427,327
17,856)
(
309,985)
(
100,438
$ 142,709
$ 4,932
$ 6,082
$ -
14,622
-
14,035)
(
4,932
$ 6,669
$ -
$ 296,649
$ -
-
-
8,558)
(
-
$ 288,091
$

B. Financing activities that do not affect cash flows

Announcement of cash dividends

Six-monthperiod ended	Six-monthperiod ended
June 30, 2021 373,358 $	June 30,2020 248,906 $

~98~

(32) Changes in liabilities from financing activities

2021

Short-term borrowings Long-term borrowings Bonds payable Lease liabilities Liabilities from financing activities-gross 6,856,140 $ 24,690,915 $ 5,000,000 $ 112,268 $ 36,659,323 $ 1,341,071 2,024,577) ( - 8,751) ( 692,257) ( 1,107) ( 31,561 - 3,219) ( 27,235 - - - 35,692 35,692 8,196,104 $ 22,697,899 $ 5,000,000 $ 135,990 $ 36,029,993 $ Short-term borrowings Long-term borrowings Bonds payable Lease liabilities Liabilities from financing activities-gross 9,228,429 $ 25,956,096 $ 5,200,000 $ 65,903 $ 40,450,428 $ 1,072,598) ( 1,018,411 - 10,439) ( 64,626) ( 56,212) ( 415,286) ( - 1,745 469,753) ( - - - 58,807 58,807 8,099,619 $ 26,559,221 $ 5,200,000 $ 116,016 $ 39,974,856 $ 2020	Short-term borrowings Long-term borrowings Bonds payable Lease liabilities Liabilities from financing activities-gross 6,856,140 $ 24,690,915 $ 5,000,000 $ 112,268 $ 36,659,323 $ 1,341,071 2,024,577) ( - 8,751) ( 692,257) ( 1,107) ( 31,561 - 3,219) ( 27,235 - - - 35,692 35,692 8,196,104 $ 22,697,899 $ 5,000,000 $ 135,990 $ 36,029,993 $ Short-term borrowings Long-term borrowings Bonds payable Lease liabilities Liabilities from financing activities-gross 9,228,429 $ 25,956,096 $ 5,200,000 $ 65,903 $ 40,450,428 $ 1,072,598) ( 1,018,411 - 10,439) ( 64,626) ( 56,212) ( 415,286) ( - 1,745 469,753) ( - - - 58,807 58,807 8,099,619 $ 26,559,221 $ 5,200,000 $ 116,016 $ 39,974,856 $ 2020	Short-term borrowings Long-term borrowings Bonds payable Lease liabilities Liabilities from financing activities-gross 6,856,140 $ 24,690,915 $ 5,000,000 $ 112,268 $ 36,659,323 $ 1,341,071 2,024,577) ( - 8,751) ( 692,257) ( 1,107) ( 31,561 - 3,219) ( 27,235 - - - 35,692 35,692 8,196,104 $ 22,697,899 $ 5,000,000 $ 135,990 $ 36,029,993 $ Short-term borrowings Long-term borrowings Bonds payable Lease liabilities Liabilities from financing activities-gross 9,228,429 $ 25,956,096 $ 5,200,000 $ 65,903 $ 40,450,428 $ 1,072,598) ( 1,018,411 - 10,439) ( 64,626) ( 56,212) ( 415,286) ( - 1,745 469,753) ( - - - 58,807 58,807 8,099,619 $ 26,559,221 $ 5,200,000 $ 116,016 $ 39,974,856 $ 2020	Short-term borrowings Long-term borrowings Bonds payable Lease liabilities Liabilities from financing activities-gross 6,856,140 $ 24,690,915 $ 5,000,000 $ 112,268 $ 36,659,323 $ 1,341,071 2,024,577) ( - 8,751) ( 692,257) ( 1,107) ( 31,561 - 3,219) ( 27,235 - - - 35,692 35,692 8,196,104 $ 22,697,899 $ 5,000,000 $ 135,990 $ 36,029,993 $ Short-term borrowings Long-term borrowings Bonds payable Lease liabilities Liabilities from financing activities-gross 9,228,429 $ 25,956,096 $ 5,200,000 $ 65,903 $ 40,450,428 $ 1,072,598) ( 1,018,411 - 10,439) ( 64,626) ( 56,212) ( 415,286) ( - 1,745 469,753) ( - - - 58,807 58,807 8,099,619 $ 26,559,221 $ 5,200,000 $ 116,016 $ 39,974,856 $ 2020

9,228,429 $ 1,072,598) ( 56,212) ( - 8,099,619 $	5,200,000 $ - - -	65,903 $ 10,439) ( 1,745 58,807 116,016 $	40,450,428 $ 64,626) ( 469,753) ( 58,807 39,974,856 $
	5,200,000 $

~99~

7. RELATED PARTY TRANSACTIONS

(1) Names of related parties and relationship

==> picture [469 x 14] intentionally omitted <==

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

Names of related parties Relationship with the Company
----- End of picture text -----

LATED PARTY TRANSACTIONS Names of related parties and relationship Names of relatedparties	Relationshipwith the Company
Kent Hsu	Chairman
Changchun-hong Hyatt Hotel Management Co., Ltd.	Other related party
Chicony Energy Saving Technology (Shanghai) Co., Ltd.	Other related party
Chicony Electronics (Suzhou) Co., Ltd.	Other related party
Chicony Power Technology Co., Ltd.	Other related party
Honghui Real Estate Company	Other related party
Chicony Dalu Enterprise (Chengdu) Co., Ltd.	Associate
Chicony Square (Wuhan) Inc.	Associate
Chicony Industry (Wuhan) Co., Ltd.	Associate
Chicony Square (Wuhan) Inc.	Associate
Chicony Square (Cayman) Inc.	Associate
Epoque Corporation	Same chairman
Taipei Twin Corporation	Entity with joint control over this
	entity

(2) Significant related party transactions

A. Operating revenue

nificant related party transactions Operating revenue oque Corporation pei Twin Corporation	Same chairman Entity with joint control over this entity	Same chairman Entity with joint control over this entity
Sales of goods: -Entity with joint control over this entity Sales of services: -Other related parties Sales of goods: -Entity with joint control over this entity Sales of services: -Other related parties	Three-month period ended
	June 30,2021 June 30, 2020 - $ 107 $ - $ 107 $ - - - $ 107 $ Six-monthperiod ended	June 30, 2020
		107 $
		107 $ -
		107 $
	June 30,2021 466 466 $ 2,466 2,932 $	June 30,2020
		107
		107 $ -
		107 $

The Group (Buynow (China)) offered the services to related parties.

~100~

B. Purchases

==> picture [462 x 150] intentionally omitted <==

The purchases of the Group’s subsidiary, Kapok Computer (Kunshan), from other related parties are unique. Accordingly, the purchase prices are incomparable and payment terms are the same with third parties, which are within 1 ~ 5 months.

C. Receivables from related parties

==> picture [456 x 45] intentionally omitted <==

Receivables from related parties are mainly from selling goods and providing services to related parties. The receivables do not bear interest and were not pledged as collateral.

D. Payables to related parties

Payables to related parties
Accounts payable: Chicony Electronics (Suzhou) Co., Ltd. Chicony Power Technology Co., Ltd.	June30,2021 196,844 $ 98,504 295,348 $	December 31, 2020 185,676 $ 56,498 242,174 $	June 30, 2020
			225,489 $ 154,205 379,694 $

The payables to related parties arise mainly from purchase transactions. The payables bear no interest.

E. Other receivables from related parties (shown as other current asset)

Other receivables: Chicony Dalu Enterprise (Chengdu) Co., Ltd. Chicony Industry (Wuhan) Co., Ltd.	June 30,2021 - $ - - $	December31,2020 15,310 $ 215,298 230,608 $	June 30,2020
			14,660 $ -
			14,660 $

The receivables from related parties arise mainly from sales of property, plant and equipment and right-of-use assets. The receivables are unsecured in nature and bear no interest

~101~

F. Advance receipts from disposals of property (shown as other current liabilities)

G.	Loans from related parties Loans from related parties Chicony Industry (Wuhan) Co., Ltd. Shown as other current liabilities: Chicony Dalu Enterprise (Chengdu) Co., Ltd. Chicony Square (Wuhan) Inc Subtotal Shown as other non-current liabilities: CHICONY SQUARE (CAYMAN) INC. Subtotal Total	June30,2021 - $ June 30,2021 259,147 $ - 259,147 393,418 393,418 652,565 $	December31,2020 - $ December31,2020 - $ - - 396,154 396,154 396,154 $	June30,2020 2,061,528 $ June 30,2020 - $ 16,659
				16,659
				415,724
				415,724
				432,383 $

The loans from associates and other related parties are payable at maturity within 1~5 years after the loan is made and carry interest at 0%~4.5% and 0%~5.78% per annum for the years ended December 31, 2021 and 2020, respectively. The amount of interest payable (recognised as other payables) as of June 30, 2021, December 31, 2020 and June 30, 2020 were $1,285, $0 and $910, respectively. Additionally, interest expense recognised for the three-month and six-month periods ended June 30, 2021 and 2020 were $973, $264, $2,909 and $6,273 respectively.

H. Lease transactions - lessee

(a) The Group leased buildings from Honghui Real Estate Company. Rental contracts are typically made for a period of 5 years. The lease is subject to IFRS 16 as the usage of lease was included in the operating plan. Rents are paid at the end of the month.
(b) Lease liabilities
(i) Outstanding balance:

se liabilities Outstanding balance:
Other related parties	June 30,2021 48,972 $	December31,2020 56,273 $	June 30,2020
			61,455 $

~102~

(ii) Interest expense

Other related parties Other related parties	June 30,2021 June 30,2020 644 $ 843 $ June 30,2021 June 30,2020 1,338 $ 2,460 $ Three-monthperiod ended Six-monthperiod ended

I. Others

(a)The joint guarantor and co-issuer of the guarantee notes of bank borrowings is Kent Hsu for the six-month periods ended June 30, 2021 and 2020.
(b) 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 related information is provided in Note 6(5).

(3) Key management compensation

in Note 6(5). Key management compensation
Salaries and other short-term employee benefits Post-employment benefits Salaries and other short-term employee benefits Post-employment benefits	Three-month period ended
	June 30,2021 June 30,2020 16,668 $ 4,542 $ 310 247 16,978 $ 4,789 $ Six-month period ended	June 30,2020
		4,542 $ 247
		4,789 $
	June 30,2021 34,693 $ 621 35,314 $	June 30,2020
		13,489 $ 574
		14,063 $

~103~

8. PLEDGED ASSETS

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

Pledged asset			Bookvalue		Purpose
		June 30,2021 988,757 $ 1,016,970 2,691,899 59,844,213 64,541,839 $	December31,2020 839,949 $ 1,022,720 2,731,419 55,477,346 60,071,434 $	June 30,2020 153,446 $ 1,127,219 3,584,322 53,915,207 58,780,194 $
Financial assets at amortised cost (current and non- current) Restricted bank deposits-non- current Property, plant and equipment (non-depreciated balance) Investment property and right-of-use asset (long-term prepaid rents)					STANDBY L/C, long-term and short-term borrowings Corporate bonds payable Long-term borrowings Long-term and short-term borrowings

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT

COMMITMENTS

(1) Contingencies

None.

(2) Commitments

A. As of June 30, 2021, December 31, 2020 and June 2020, the Company issued guarantee notes amounting to $22,733,906, $25,673,888 and $25,501,372, respectively, for bank repayment and forward exchange trading.
B. On December 28, 2018, the Company entered into a syndicated loan agreement with 9 banks including Taiwan Cooperative Bank amounting to $6,000,000 and provided equal amount of guarantee notes. The Company and the Chairman of the Group are the joint guarantors and coissuers of the guarantee notes.
C. As of June 30, 2021, December 31, 2020 and June 2020, the Group’s total contract prices for signed construction contracts amounted to $8,232,007, $8,031,345 and $7,751,858, of which $7,507,619, $7,395,801 and $7,120,357 were paid and $727,388, $635,544 and $631,501 remain unpaid, respectively.

~104~

10. SIGNIFICANT DISASTER LOSS

None.

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

None.

12. OTHERS

(1) The Group has implemented countermeasures and continued managing the relevant matters due the COVID-19 pandemic and the preventive measures imposed by the government. There was no significant impact on the Group’s operations and business in the second quarter of 2021.
(2) Capital management

The Group’s objectives when managing capital are to safeguard the Group’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 Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. The Group 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 consolidated balance sheet plus net debt.

During the year ended December 31, 2021, the Group’s strategy, which was unchanged from 2020, was to maintain the gearing ratio within 40% to 60%. The gearing ratios at June 30, 2021, December 31, 2020 and June 30, 2020 were as follows:

			June 30,2021		December 31, 2020			June 30,2020
Total borrowings		$	35,894,003		36,547,055 $		$	39,858,840
Less: Cash and cash
equivalents	(		3,360,494)	(	4,918,051)	(		7,055,397)
Net debt			32,533,509		31,629,004			32,803,443
Total equity			40,372,780		39,879,138			37,617,479
Total capital		$	72,906,289		71,508,142 $		$	70,420,922
Gearing ratio			45%		44%			47%

~105~

(3) Financial instruments

A. Financial instruments by category

==> picture [454 x 231] intentionally omitted <==

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

June 30, 2021 December 31, 2020 June 30, 2020
Financial assets
Financial assets at fair value
through profit or loss $ 1,954,613 $ 1,609,467 $ 1,476,430
Financial assets at amortised
cost 8,721,953 9,426,834 11,525,612
$ 10,676,566 $ 11,036,301 $ 13,002,042
Financial liabilities
Financial liabilities at fair value
-
through profit or loss $ $ 15,781 $ 3,915
Financial liabilities at
amortised cost 41,540,338 41,056,849 44,965,321
$ 41,540,338 $ 41,072,630 $ 44,969,236
Lease liability $ 135,990 $ 112,268 $ 116,016
----- End of picture text -----

Note: Financial assets at amortised cost include cash and cash equivalents, accounts receivable (including related parties), other receivables, guarantee deposits paid and time deposits unqualified as cash equivalents; financial liabilities at amortised cost include short-term borrowings, accounts payable (including related parties), notes payable, other payables (including related parties), corporate bonds payable, long-term borrowings (including current portion), guarantee deposits received and long-term accounts payable to related parties.

B. Financial risk management policies

The Group’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 minimize any adverse effects on the financial performance of the Group, 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 Group 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 exchange risk against their functional currency. The companies are required to hedge their

~106~

entire foreign exchange risk exposure with the Group treasury. Exchange rate risk is measured through a forecast of highly probable USD and RMB expenditures. Forward foreign exchange contracts are adopted to minimize the volatility of the exchange rate affecting cost of forecast inventory purchases.

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

June 30, 2021

Foreign currency amount (In thousands) Financial assets Monetary items USD:NTD 255,232 $ USD:RMB 14,099 RMB:NTD 3,255 Investments accounted for using the equity method USD:NTD 92,144 Financial liabilities Monetary items USD:NTD 160,080 USD:RMB 263,911 (Foreign currency: functional currency)	Exchangerate Book value (NTD) 27.90 7,120,973 $ 6.46 393,464 4.32 14,062 27.90 2,570,831 27.90 4,466,232 6.46 7,365,017

~107~

December 31, 2020

Foreign currency

==> picture [417 x 145] intentionally omitted <==

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

amount Book value
(In thousands) Exchange rate (NTD)
(Foreign currency: functional currency)
Financial assets
Monetary items
USD:NTD $ 252,434 28.10 $ 7,093,395
USD:RMB 448 6.52 12,589
RMB:NTD 28,169 4.31 121,408
Investments accounted for using
----- End of picture text -----

Investments accounted for using
the equity method USD:NTD 87,583 28.10 Financial liabilities Monetary items USD:NTD 28,789 28.10 USD:RMB 197,474 6.52 Foreign currency amount (In thousands) Exchangerate Financial assets Monetary items USD:NTD 396,100 $ 29.48 USD:RMB 2,097 7.08 RMB:NTD 249,358 4.16 Investments accounted for using the equity method USD:NTD 76,664 29.48 Financial liabilities Monetary items USD:NTD 27,778 29.48 USD:RMB 195,969 7.08 June30,2020 (Foreign currency: functional currency)	87,583 28.10 28,789 28.10 197,474 6.52 June30,2020		2,461,071 808,971 5,549,256 Book value (NTD)
		Exchangerate 29.48 7.08 4.16 29.48 29.48 7.08
			11,677,028 $ 61,763 1,037,329 2,260,068 818,895 5,771,836

v. The total exchange gain (loss), including realized and unrealized, arising from significant foreign exchange variation on the monetary items held by the Group for the three-month and six-month periods ended June 30, 2021 and 2020 amounted to $61,884, ($248,167), ($15,253) and ($245,958), respectively.

~108~

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

variation:	variation:	variation:
Degree of variation Effect on profit or loss Effect on other comprehensive income Financial assets Monetary items USD:NTD 1% 56,968 $ - $ USD:RMB 1% 3,148 - RMB:NTD 1% 112 - Financial liabilities Monetary items USD:NTD 1% 35,730 - USD:RMB 1% 58,920 - Six-monthperiod ended June 30,2021 Sensitivity analysis (Foreign currency: functional currency) Degree of variation Effect on profit or loss Effect on other comprehensive income Financial assets Monetary items USD:NTD 1% 93,416 $ - $ USD:RMB 1% 494 - RMB:NTD 1% 8,299 - Financial liabilities Monetary items USD:NTD 1% 6,551 - USD:RMB 1% 46,175 - Six-month period ended June 30, 2020 Sensitivity analysis (Foreign currency: functional currency)
	Degree of variation	Effect on profit or loss Effect on other comprehensive income 93,416 $ - $ 494 - 8,299 - 6,551 - 46,175 - Sensitivity analysis

Price risk

i.The Group’s equity securities, which are exposed to price risk, are the held financial assets at fair value through profit or loss. To manage its price risk arising from investments in equity securities, the Group diversifies its portfolio. Diversification of the portfolio is done in accordance with the limits set by the Group.
ii.The Group’s investments in equity securities comprise shares and open-end funds issued by the domestic and foreign 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

~109~

profit for the six-month periods ended June 30, 2021 and 2020 would have increased/decreased by $18,708 and $14,021, 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 Group’s main interest rate risk arises from long-term borrowings with variable rates, which expose the Group to cash flow interest rate risk. During the six-month periods ended June 30, 2021 and 2020, the Group’s borrowings at variable rate were mainly denominated in New Taiwan dollars, US dollars and RMB dollars.
ii.The Group’s borrowings are measured at amortized 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 six-month periods ended June 30, 2021 and 2020 would have decreased/increased by $241,218 and $272,606, respectively. The main factor is that changes in interest expense result from floating rate borrowings.
(b) Credit risk
i.Credit risk refers to the risk of financial loss to the Group 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 amortized cost.
ii.According to the Group’s credit policy, each local entity in the Group is responsible for managing and analyzing 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 credit department. The utilization of credit limits is regularly monitored.
iv.For banks and financial institutions, only independently rated parties with a best rating are accepted.
v.The Group adopts the following assumptions under IFRS 9 to access 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) For investments in bonds that are traded over the counter, if any external credit rating agency rates these bonds as investment grade, the credit risk of these financial assets is low.
vi.The Group adopts the assumption under IFRS 9, that is, the default occurs when the contract payments are past due over 90 days.

~110~

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 Group classifies customer’s accounts receivable in accordance with customer types. The Group applies the modified approach using the provision matrix to estimate expected credit loss.
ix.The Group wrote-off the financial assets, which cannot be reasonably expected to be recovered, after initiating recourse procedures. However, the Group will continue executing the recourse procedures to secure their rights. On June 30, 2021, December 31, 2020 and June 30, 2020, the Group had no written-off financial assets that are still under recourse procedures.
x.The Group used the forecastability to adjust historical and timely information to assess the default possibility of accounts receivable, contract assets and lease payments receivable. On June 30, 2021, December 31, 2020 and June 30, 2020, the provision matrix is as follows:

==> picture [418 x 31] intentionally omitted <==

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

1~90 days 91~180 days
June 30, 2021 Not past due past due past due
----- End of picture text -----

June 30, 2021	Notpast due	1~90 days past due	91~180 days past due
Expected loss rate Total book value Loss allowance Expected loss rate Total book value Loss allowance	0.04%~3.03% 2,637,642 $ 849 181~270 days past due	0.06%~37.73% 436,373 $ 251 Over 270 days	9.32%~45.45% 22,300 $ 2,353 Total
	67.85%~100% 22,660 $ 2,682	100% 35,473 $ 35,473	3,154,448 $ 41,608

~111~

December 31, 2020 Expected loss rate Total book value Loss allowance Expected loss rate Total book value Loss allowance June 30, 2020 Expected loss rate Total book value Loss allowance Expected loss rate Total book value Loss allowance	Notpast due 0.04%~6.09% 1,727,638 $ 685 181~270 days past due	1~90 days past due 91~180 days past due 0.08%~32.16% 10.28%~47.11% 493,667 $ 17,220 $ 355 1,105 Over 270 days Total 100% 30,787 $ 2,288,178 $ 30,787 39,268 1~90 days past due 91~180 days past due 0.03%~0.12% 0.03%~14.67% 604,802 $ 28,718 $ 605 2,009 Over 270 days Total 100% 45,905 $ 2,809,138 $ 45,905 55,470
	70.54%~100% 18,866 $ 6,336 Notpast due
	0.03%~0.06% 2,121,593 $ 1,152 181~270 days past due
	0.03%~100% 8,120 $ 5,799

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

			2021			2020
		Accountsreceivable			Accountsreceivable
At January 1		$	39,268		$	48,704
Provision for impairment			2,448			7,423
Effect of foreign exchange	(		108)	(		657)
At June 30		$	41,608		$	55,470

(c) Liquidity risk

i. Cash flow forecasting is performed in the operating entities of the Group and aggregated by Group treasury. Group treasury monitors rolling forecasts of the Group’s liquidity requirements to ensure it has sufficient cash to meet operational needs.
ii. The table below analyses the Group’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. The amounts disclosed in the table are the contractual undiscounted cash flows.

~112~

June 30,2021
Less than 1
year
Lease liability
28,187
$ Bonds payable
40,000

Long-term borrowings
5,717,741

Guarantee deposits
-
received
Long-term accounts
-
payable to related parties
Non-derivative financial liabilities
(including current portion)
December 31,2020
Less than 1
year
Lease liability
21,234
$ Bonds payable
40,000
Long-term borrowings
6,756,454
(including current portion)
Guarantee deposits
received
-

Long-term accounts
payable to related parties
-
Forward foreign exchange
contracts
15,781
Non-derivative financial liabilities
Derivative financial liabilities
June 30,2020
Less than 1
year
Lease liability
20,537
$ Bonds payable
240,000
Long-term borrowings
5,784,678
(including current portion)
Guarantee deposits
received
-
Long-term accounts
payable to related parties
-
Non-derivative financial liabilities

Between 1
and 2years

28,477
$ 40,000
7,986,076
643,063
393,418
Between 1
and 2years

Except for the abovementioned, the non-derivative financial liabilities of the Group are all expiring within one year.

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

~113~

(4) 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 Group’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 Group’s investment in offthe-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 Group’s investment in investment property is included in Level 3.
B. Financial instruments not measured at fair value
- The carrying amounts of cash and cash equivalents, notes receivable, accounts receivable (including related parties), other receivables, financial assets at amortised cost, short-term borrowings, accounts payable (including related parties), other payables, corporate bonds payable, long-term borrowings (including current portion) and long-term accounts payable to related parties financial liabilities are approximate to their fair values.
C. The related information on 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 June 30, 2021, December 31, 2020 and June 30, 2020 is as follows:
- (a) The related information on the nature of the assets and liabilities is as follows:

June 30,2021 Assets Recurring fair value measurements	Level 1 662,835 $ 116,038 - 778,873 $	Level 2 - $ 1,175,740 - 1,175,740 $	Level3 - $ - 63,812,974 63,812,974 $	Total
				662,835 $ 1,291,778 63,812,974
Financial assets at fair value through profit or loss Equity securities Beneficiary certificates Investment property (Note 1)
				65,767,587 $

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==> picture [444 x 460] 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 $ 668,976 $ $ $ 668,976
- -
Forward foreign exchange 9,351 9,351
contracts
-
Beneficiary certificates 110,144 820,996 931,140
- -
Investment property (Note 1) 63,638,847 63,638,847
Liabilities
Recurring fair value measurements
Forward foreign exchange
contracts - ( 15,781) - ( 15,781)
$ 779,120 $ 814,566 $63,638,847 $ 65,232,533
June 30, 2020 Level 1 Level 2 Level 3 Total
Assets
Recurring fair value measurements
Financial assets at fair value
through profit or loss
- -
Equity securities $ 568,750 $ $ $ 568,750
-
Beneficiary certificates 76,854 830,826 907,680
Non-recurring fair value measurements
- -
Incestment property (Note 1) 60,889,299 60,889,299
Non-current assets held for sale - - 3,655,626 3,655,626
Liabilities
Recurring fair value measurements
Forward foreign exchange - ( 3,915) - ( 3,915)
contracts
$ 645,604 $ 826,911 $64,544,925 $ 66,017,440
----- End of picture text -----

Note 1 : Investment property measured at fair value.

Note 2: Under IFRS 5, assets held for sale must be measured at fair value less costs to sell when the fair value less the cost to sell is lower than the carrying amount.
(b) The methods and assumptions the Group used to measure fair value are as follows:
i. The instruments the Group used market quoted prices as their fair values (that is, Level 1) are listed below by characteristics:

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

~115~

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 consolidated 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 Group 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 exchange rate.
v. The fair value, calculated based on the sales price less costs to sell, is used by the Group to measure its assets held for disposal.
vi. The output of valuation model is an estimated value and the valuation technique may not be able to capture all relevant factors of the Group’s financial and non-financial instruments. Therefore, the estimated value derived using valuation model is adjusted accordingly with additional inputs, for example, model risk or liquidity risk and etc. In accordance with the Group’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 consolidated balance sheet. The inputs and pricing information used during valuation are carefully assessed and adjusted based on current market conditions.
vii. The Group takes into account adjustments for credit risks to measure the fair value of financial and non-financial instruments to reflect credit risk of the counterparty and the Group’s credit quality.
D. For the six-month periods ended June 30, 2021 and 2020, there was no transfer between Level 1 and Level 2.
E. The movement of Level 3 of investment property for the six-month periods ended June 30, 2021 and 2020 is provided in Note 6(9).
F. For the six-month periods ended June 30, 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.

~116~

The Group sets up valuation policies, valuation processes, and rules for measuring fair value of investment property and ensures compliance with the related requirements in IFRS.

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

Investment property Investment property Investment property Non-current assets held for sale: Property, plant and equipment (Note 2)	Fair value at June 30,2021 63,812,974 $ Fair value at December 31, 2020 63,638,847 $ Fair value at June 30,2020	Valuation technique Income approach of discounted cash flow method Valuation technique Income approach of discounted cash flow method Valuation technique	Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value The higher the long- term rent revenue growth rate, the higher the fair value; The higher the discount rate, the lower the fair value Relationship of inputs to fair value The higher the long- term rent revenue growth rate, the higher the fair value; The higher the discount rate, the lower the fair value Relationship of inputs to fair value The higher the long- term rent revenue growth rate, the higher the fair value; The higher the discount rate, the lower the fair value Not applicable
			Long-term rent revenue growth rate and discount rate Significant unobservable input Long-term rent revenue growth rate and discount rate Significant unobservable input	(Note 1) Range (weighted average) (Note 1) Range (weighted average)
	60,889,299 $ 3,655,626 $	Income approach of discounted cash flow method Market approach	Long-term rent revenue growth rate and discount rate Not applicable	(Note 1)

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Note 1: The range of long-term rent revenue growth rate is (10%)~20%; the range of discount rate is provided in Note 6(9).

Note 2: The lower of carrying amount and fair value less costs to sell.

13. SUPPLEMENTARY DISCLOSURES

(1) Significant transactions information

The disclosures of investee companies were based on financial statements reviewed by independent auditors and the following transactions with subsidiaries were eliminated when preparing the consolidated financial statements. The following disclosure information is for reference only.

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: None.
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 5.
H. Receivables from related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 6.
I. Trading in derivative instruments undertaken during the reporting periods: As of June 30, 2021, the Group’s open interest derivative instruments amounted to $0. The Group recognised net profit amounting to $2,494 on derivative instruments for the six-month period ended June 30, 2021.
J. Significant inter-company transactions during the reporting periods: Please refer to table 7.
(2) Information on investees

Names, locations, and other information of investee companies (not including investees in Mainland China) ： Please refer to table 8.

(3) Information on investments in Mainland China

A. Basic information: Please refer to table 9.
B. Ceiling on investments in Mainland China: Please refer to table 9.
C. Significant transactions, price, payment term and unrealized 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 for the six-month period ended June 30, 2021, either directly or indirectly through a third area, with investee companies in the Mainland Area are provided in Notes 13(1) A, B, E, G, H, J.

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(4) Major shareholders information

Major shareholders information: Please refer to table 10.

14. SEGMENT INFORMATION

(1) General information

Management has determined the reportable operating segments based on the reports reviewed by the chief operating decision maker-Board of Directors that are used to make strategic decisions. The Group’s main operating businesses are manufacturing and trading of computer and computer peripherals; research and development, production, and sales of computer software and hardware; after-sales services for aforementioned products and property management. The product features and manufacturing procedures are different so that its marketing and selling ways are different. The chief operating decision-maker operates various businesses from the perspective of different products. Currently, businesses are mainly divided into computer segment, Buynow Plaza and other segments, of which computer segment and Buynow Plaza are the reportable segments.

(2) Segment information

The segment information provided to the chief operating decision-maker for the reportable segments is as follows:

Three-month period ended June 30, 2021 Revenue from external customers Inter-segment revenue Total segment revenue External-segment income (before tax) Segment income (after tax) Three-month period ended June 30, 2020 Revenue from external customers Inter-segment revenue Total segment revenue External-segment income (before tax) Segment income (after tax)		Computer Segment	BuynowPlaza Others 1,068,288 $ 892 $ - 892) ( 1,068,288 $ - $ 325,384 $ 868 $ 187,404 $ 868 $ BuynowPlaza Others 855,988 $ 956 $ - 956) ( 855,988 $ - $ 144,860 $ 522 $ 49,584 $ 3,814 $	Total
		5,302,092 $ 3,807,242 9,109,334 $ 177,287 $ 200,195 $ Computer Segment 4,710,222 $ 3,147,598 7,857,820 $ 265,800 $ 245,792 $		6,371,272 $ 3,806,350
				10,177,622 $
				503,539 $
				388,467 $
				Total
				5,567,166 $ 3,146,642
				8,713,808 $
				411,182 $
				299,190 $

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==> picture [473 x 248] intentionally omitted <==

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

Computer
Six-month period ended June 30, 2021 Segment Buynow Plaza Others Total
Revenue from external customers $ 10,008,579 $ 1,965,730 $ 892 $ 11,975,201
Inter-segment revenue 7,086,463 - ( 892) 7,085,571
Total segment revenue $ 17,095,042 $ 1,965,730 $ - $19,060,772
External-segment income (before tax) $ 317,784 $ 617,214 $ 3,860 $ 938,858
Segment income (after tax) $ 429,707 $ 274,944 $ 3,860 $ 708,511
Computer
Six-month period ended June 30, 2020 Segment Buynow Plaza Others Total
Revenue from external customers $ 7,196,097 $ 1,798,464 $ 956 $ 8,995,517
Inter-segment revenue 4,874,756 - ( 956) 4,873,800
Total segment revenue $ 12,070,853 $ 1,798,464 $ - $13,869,317
External-segment income (before tax) $ 136,749 $ 146,656 ($ 6,773) $ 276,632
Segment income (after tax) $ 166,998 ($ 59,737) ($ 884) $ 106,377
----- End of picture text -----

(3) Reconciliation for segment income (loss)

A reconciliation of reportable segment revenue and total revenue, and a reconciliation of reportable segment income or loss and total income or loss before tax is provided as follows:

Revenue
Reportable segments revenue
Elimination of intersegment revenue
Total revenue
Revenue
Reportable segments revenue
Elimination of intersegment revenue
Total revenue
Income/(Loss)
Reportable segments income (after tax)
Other segments income (after tax)
Income after tax from continuing
operations
Income/(Loss)
Reportable segments income (after tax)
Other segments income (after tax)
Income after tax from continuing operations

Three-monthperiod ended

June 30,2021
June 30, 2020
10,177,622
$ 8,713,808
$ 3,806,350)
(
3,146,642)
(
6,371,272
$ 5,567,166
$ June 30, 2021
June 30,2020
19,060,772
$ 13,869,317
$ 7,085,571)
(
4,873,800)
(
11,975,201
$ 8,995,517
$ Six-month period ended
Three-monthperiod ended

June 30,2021
June 30,2020
387,599
$ 295,376
$ 868
3,814
388,467
$ 299,190
$ June 30,2021
June 30,2020
712,371
$ 107,261
$ 3,860)
(
884)
(
708,511
$ 106,377
$ Six-monthperiod ended

~120~

Expressed in thousands of NTD (Except as otherwise indicated)

CLEVO CO. and Subsidiaries Loans to others Six-month period ended June 30, 2021

Table 1

NO. (Note 1)	Creditor	Borrower	General ledger account (Note 2)	Is a related party	Maximum outstanding balance during the six-month period ended June 30, 2021 (Note 3)	Balance at June 30, 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 current financial assets	Yes	132,381 $	126,766 $	126,766 $	5.00%	2	-	Additional operating capital	-	-	-	16,149,112 $	40,372,780 $	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	253,662	253,662	253,662	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other current financial assets	Yes	91,133	91,133	91,133	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	171,685	150,953	150,953	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	134,325	134,325	134,325	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	Other current financial assets	Yes	29,586	14,469	14,469	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	381,378	381,378	381,378	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Other current financial assets	Yes	238,981	8,638	8,638	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other current financial assets	Yes	8,638	8,638	8,638	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow (Chongqing) Industry Co., Ltd.	Other current financial assets	Yes	7,343	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	148,578	83,791	83,791	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	Other current financial assets	Yes	129,919	129,919	129,919	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	Other current financial assets	Yes	149,873	149,873	149,873	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Clevo (China) Investment Co., Ltd.	Other current financial assets	Yes	34,553	34,553	34,553	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780 $	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 six-month period ended June 30, 2021 (Note 3)	Balance at June 30, 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.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	53,643 $	- $	- $	4.35%	2	-	Additional operating capital	-	-	-	16,149,112 $	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	316,375	316,375	316,375	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	12,957	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other current financial assets	Yes	53,989	45,351	45,351	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other current financial assets	Yes	363,886	363,886	363,886	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other current financial assets	Yes	174,708	174,708	174,708	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	30,666	30,666	30,666	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	33,689	33,689	33,689	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Hangzhou) Electronic Information Co., Ltd.	Other current financial assets	Yes	129,142	129,142	129,142	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Nanchang) Industry Co., Ltd.	Other current financial assets	Yes	319,399	319,399	319,399	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other current financial assets	Yes	169,741	169,741	169,741	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other current financial assets	Yes	169,828	169,828	169,828	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other current financial assets	Yes	641,691	641,691	641,691	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other current financial assets	Yes	96,748	96,748	96,748	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	88,110	88,110	88,110	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Shantou Buynow Mall Co., Ltd.	Other current financial assets	Yes	492,898	492,898	492,898	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Clevo (China) Investment Co., Ltd.	Other current financial assets	Yes	172,765	172,765	172,765	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	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 six-month period ended June 30, 2021 (Note 3)	Balance at June 30, 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.	Yingkou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	82,063 $	82,063 $	82,063 $	4.50%	2	-	Additional operating capital	-	-	-	16,149,112 $	40,372,780 $	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	429,752	429,752	429,752	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	192,633	192,633	192,633	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	547,232	547,232	547,232	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
4	Kapok Computer (Kunshan) Co., Ltd.	Kunshan Kaishuo Trading Co., Ltd.	Other current financial assets	Yes	172,765	172,765	172,765	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other current financial assets	Yes	52,477	52,477	52,477	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other current financial assets	Yes	32,393	32,393	32,393	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	258,629	126,248	126,248	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	74,807	40,254	40,254	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	79,472	77,312	77,312	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	21,596	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other current financial assets	Yes	166,804	146,073	146,073	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	Other current financial assets	Yes	85,389	85,389	85,389	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other current financial assets	Yes	12,957	12,957	12,957	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other current financial assets	Yes	165,163	91,306	91,306	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Beijing Kaiye Electronic Technology Co., Ltd.	Other current financial assets	Yes	53,989	19,436	19,436	0.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	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 six-month period ended June 30, 2021 (Note 3)	Balance at June 30, 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 current financial assets	Yes	69,106 $	43,191 $	43,191 $	4.35%	2	-	Additional operating capital	-	-	-	16,149,112 $	40,372,780 $	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	95,539	95,539	95,539	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	182,008	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	Other current financial assets	Yes	91,781	91,781	91,781	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	156,784	156,784	156,784	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Yingkou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	114,413	114,413	114,413	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	52,045	52,045	52,045	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	59,863	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	34,121	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other current financial assets	Yes	57,272	57,272	57,272	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other current financial assets	Yes	180,755	180,755	180,755	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other current financial assets	Yes	249,170	133,849	133,849	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other current financial assets	Yes	46,344	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other current financial assets	Yes	47,467	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other current financial assets	Yes	177,084	177,084	177,084	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other current financial assets	Yes	17,276	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	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 six-month period ended June 30, 2021 (Note 3)	Balance at June 30, 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
9	Buynow (Changchun) Industry Co., Ltd.	Clevo (China) Investment Co., Ltd.	Other current financial assets	Yes	93,293 $	- $	- $	4.35%	2	-	Additional operating capital	-	-	-	16,149,112 $	40,372,780 $	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	25,915	24,619	24,619	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	36,713	15,117	15,117	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
9	Buynow (Changchun) Industry Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other current financial assets	Yes	37,101	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other current financial assets	Yes	89,319	78,522	78,522	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	182,483	152,249	152,249	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	107,978	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
11	Quality Trust Property Management Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other current financial assets	Yes	208,397	208,397	208,397	3.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
11	Quality Trust Property Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	35,633	-	-	3.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Nanchang) Industry Co., Ltd.	Other current financial assets	Yes	63,059	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other current financial assets	Yes	228,049	228,049	228,049	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other current financial assets	Yes	99,772	99,772	99,772	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	29,586	29,586	29,586	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	Other current financial assets	Yes	86,382	86,382	86,382	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	12,957	12,957	12,957	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	126,585	126,585	126,585	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	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 six-month period ended June 30, 2021 (Note 3)	Balance at June 30, 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
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other current financial assets	Yes	60,900 $	60,900 $	60,900 $	4.35%	2	-	Additional operating capital	-	-	-	16,149,112 $	40,372,780 $	Note 8
13	Wuxi Quntai Property Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	26,347	26,347	26,347	3.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
14	Buynow (Chongqing) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	79,040	75,585	75,585	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
15	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	81,199	81,199	81,199	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
15	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other current financial assets	Yes	6,479	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
15	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	Other current financial assets	Yes	270,334	270,334	270,334	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
15	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	227,704	195,742	195,742	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
15	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	333,868	316,591	316,591	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
15	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other current financial assets	Yes	4,665	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
15	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other current financial assets	Yes	239,366	226,408	226,408	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
15	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Shanghai Huizhuan Restaurant Management Co., Ltd.	Other current financial assets	Yes	31,098	31,098	31,098	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
16	Daqing Buynow Electronic Information Corporation	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Other current financial assets	Yes	128,278	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	155,920	155,920	155,920	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	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 six-month period ended June 30, 2021 (Note 3)	Balance at June 30, 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.	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Other current financial assets	Yes	13,605 $	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112 $	40,372,780	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	Other current financial assets	Yes	69,970	61,331	61,331	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	Other current financial assets	Yes	251,632	251,632	251,632	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	138,402	138,402	138,402	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	87,376	61,461	61,461	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	56,105	56,105	56,105	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
17	Tianjin Buynow Electronic Information Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other current financial assets	Yes	102,363	37,576	37,576	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Beijing Kaiye Electronic Technology Co., Ltd.	Other current financial assets	Yes	21,596	21,596	21,596	0.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Daqing Buynow Electronic Information Corporation	Other current financial assets	Yes	30,234	30,234	30,234	0.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Shantou Buynow Mall Co., Ltd.	Other current financial assets	Yes	480,934	264,978	264,978	0.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	341,210	341,210	341,210	0.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
18	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	24,403	24,403	24,403	0.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
19	Beijing Clevo Investment Management Consultant Co.,Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	Other current financial assets	Yes	258,283	233,232	233,232	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
19	Beijing Clevo Investment Management Consultant Co.,Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	Other current financial assets	Yes	292,404	277,287	277,287	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	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 six-month period ended June 30, 2021 (Note 3)	Balance at June 30, 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.	Shanghai Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	372,697 $	372,697 $	372,697 $	4.35%	2	-	Additional operating capital	-	-	-	16,149,112 $	40,372,780 $	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Nanchang) Industry Co., Ltd.	Other current financial assets	Yes	90,054	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	Other current financial assets	Yes	107,071	85,475	85,475	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	Other current financial assets	Yes	131,560	103,486	103,486	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	Other current financial assets	Yes	53,557	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Daqing Buynow Electronic Information Corporation	Other current financial assets	Yes	71,136	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	Other current financial assets	Yes	15,981	14,253	14,253	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	25,051	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	257,419	235,824	235,824	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Suzhou Jinzuo Industry Co., Ltd.	Other current financial assets	Yes	268,476	255,519	255,519	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	302,338	-	-	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	188,530	188,530	188,530	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	Other current financial assets	Yes	77,312	77,312	77,312	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
20	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	Other current financial assets	Yes	357,191	244,894	244,894	4.35%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
21	Shantou Buynow Mall Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other current financial assets	Yes	34,553	34,553	34,553	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	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 six-month period ended June 30, 2021 (Note 3)	Balance at June 30, 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 Electronic Information (Huizhou) Co., Ltd	Other current financial assets	Yes	73,425 $	73,425 $	73,425 $	5.00%	2	-	Additional operating capital	-	-	-	16,149,112 $	40,372,780 $	Note 8
21	Shantou Buynow Mall Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	Other current financial assets	Yes	436,231	410,316	410,316	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
21	Shantou Buynow Mall Co., Ltd.	Clevo (China) Investment Co., Ltd.	Other current financial assets	Yes	196,520	123,095	123,095	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
21	Shantou Buynow Mall Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	404,529	404,529	404,529	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
21	Shantou Buynow Mall Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	102,363	98,044	98,044	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
21	Shantou Buynow Mall Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	431,912	-	-	0.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
22	Clevo (China) Investment Co., Ltd.	Shanghai Buynow Online Information Technology Co., Ltd.	Other current financial assets	Yes	11,230	11,230	11,230	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
22	Clevo (China) Investment Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	Other current financial assets	Yes	73,425	-	-	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
23	Dezhou Buynow Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	Other current financial assets	Yes	60,468	60,468	60,468	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
23	Dezhou Buynow Electronic Information Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Other current financial assets	Yes	172,765	116,616	116,616	5.00%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	Note 8
24	Kunshan Kaishuo Trading Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	Other current financial assets	Yes	88,456	88,456	88,456	4.50%	2	-	Additional operating capital	-	-	-	16,149,112	40,372,780	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 six-month period ended June 30, 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 9

CLEVO CO. and Subsidiaries Provision of endorsements and guarantees to others Six-month period ended June 30, 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 June 30, 2021 （Note 4）	Outstanding endorsement/ guarantee amount at June 30, 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	40,372,780 $	761,889 $	761,889 $	671,188 $	761,889 $	1.89	80,745,560 $	N	N	Y	-
2	Buynow (Hangzhou) Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	40,372,780	172,764	172,764	164,126	-	0.43	80,745,560	N	N	Y	-
2	Buynow (Hangzhou) Electronic Information Co., Ltd.	Buynow (Chongqing) Industry Co., Ltd.	3	40,372,780	341,209	341,209	332,571	-	0.85	80,745,560	N	N	Y	-
2	Buynow (Hangzhou) Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	40,372,780	129,573	129,573	12,439	129,573	0.32	80,745,560	N	N	Y	-
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	40,372,780	1,079,775	1,079,775	54,002	1,079,775	2.67	80,745,560	N	N	Y	-
4	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	3	40,372,780	1,554,876	1,554,876	1,403,708	1,554,876	3.85	80,745,560	N	N	Y
4	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	40,372,780	761,889	761,889	671,188	-	1.89	80,745,560	N	N	Y	-
5	Buynow Electronic Information (Shenyang) Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	40,372,780	1,079,775	1,079,775	971,798	1,079,775	2.67	80,745,560	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 June 30, 2021 （Note 4）	Outstanding endorsement/ guarantee amount at June 30, 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）
6	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	3	40,372,780 $	259,146 $	259,146 $	233,231 $	- $	0.64	80,745,560 $	N	N	Y	-
7	Buynow (Xian) Industry Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	40,372,780	691,056	691,056	-	-	1.71	80,745,560	N	N	Y	-
8	Buynow Electronic Information (Huizhou) Co., Ltd	Guangdong Buynow Real Estate Management Co., Ltd.	3	40,372,780	777,438	777,438	-	777,438	1.93	80,745,560	N	N	Y	-
9	Zibo Buynow Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	40,372,780	198,679	198,679	198,679	198,679	0.49	80,745,560	N	N	Y	-
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	40,372,780	215,955	215,955	43,191	215,955	0.53	80,745,560	N	N	Y	-
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Buynow (Hangzhou) Electronic Information Co., Ltd.	3	40,372,780	129,573	129,573	86,382	129,573	0.32	80,745,560	N	N	Y	-
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Buynow (Zhengzhou) Electronic Information Co., Ltd.	3	40,372,780	129,573	129,573	-	129,573	0.32	80,745,560	N	N	Y	-
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Tianjin Buynow Electronic Information Co., Ltd.	3	40,372,780	51,829	51,829	-	51,829	0.13	80,745,560	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 June 30, 2021 （Note 4）	Outstanding endorsement/ guarantee amount at June 30, 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）
11	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Kapok Computer (Kunshan) Co., Ltd.	3	40,372,780 $	840,125 $	840,125 $	673,780 $	840,125 $	2.08	80,745,560 $	N	N	Y	-
11	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	40,372,780	421,976	421,976	-	-	1.05	80,745,560	N	N	Y	-
12	Buynow (Chongqing) Industry Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	40,372,780	215,955	172,764	164,126	172,764	0.43	80,745,560	N	N	Y	-
13	Buynow (Changchun) Industry Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	40,372,780	302,337	302,337	240,574	302,337	0.75	80,745,560	N	N	Y	-
13	Buynow (Changchun) Industry Co., Ltd.	Buynow (Fujian) Electronic Technology Development Co., Ltd.	3	40,372,780	155,488	155,488	155,488	155,488	0.39	80,745,560	N	N	Y	-
14	Guangdong Buynow Real Estate Management Co., Ltd.	The Company	3	40,372,780	1,300,000	-	-	-	0.00	80,745,560	N	Y	N
14	Guangdong Buynow Real Estate Management Co., Ltd.	Kapok Computer (Kunshan) Co., Ltd.	3	40,372,780	2,092,650	2,092,650	-	2,092,650	5.18	80,745,560	N	N	Y
15	Buynow (Harbin) Industry Co., Ltd.	Suzhou Jinzuo Industry Co., Ltd.	3	40,372,780	388,719	388,719	259,146	388,719	0.96	80,745,560	N	N	Y	-
16	Taizhou Buynow Electronic Information Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	40,372,780	518,292	518,292	414,634	518,292	1.28	80,745,560	N	N	Y	-

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 June 30, 2021 （Note 4）	Outstanding endorsement/ guarantee amount at June 30, 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）

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

Holding of marketable securities at the end of the period (not including subsidiaries, associates and joint ventures) June 30, 2021

CLEVO CO. and Subsidiaries

Table 3

Expressed in thousands of NTD (Except as otherwise indicated)

Securities held by	Marketable securities （Note 1）	Relationship with the securities issuer （Note 2）	General ledger account	As of June 30, 2021	As of June 30, 2021	As of June 30, 2021	As of June 30, 2021	Footnote （Note 4）
				Number of shares	Book value （Note 3）	Ownership	Fair value
	Stocks
The Company	AU Optronics Corp.	-	Current financial assets measured at fair value through profit or loss	1,092,989	24,756 $	0.01%	24,756 $	-
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	377,639	0.63%	377,639	-
The Company	Innolux Corporation	-	Current financial assets measured at fair value through profit or loss	51,219	1,063	0.00%	1,063	-
The Company	Taiwan Business Bank, Ltd.	-	Current financial assets measured at fair value through profit or loss	7,955,827	75,183	0.11%	75,183	-
The Company	Boe Technology Group Co., Ltd.	-	Current financial assets measured at fair value through profit or loss	200,000	5,390	0.00%	5,390	-
The Company	Zhen Ding Technology Holding Limited	-	Current financial assets measured at fair value through profit or loss	380,000	39,900	0.05%	39,900	-
The Company	TRIPOD TECHNOLOGY CORPORATION	-	Current financial assets measured at fair value through profit or loss	120,000	16,200	0.02%	16,200	-
The Company	Foxconn Industrial Internet Co.,ltd.	-	Current financial assets measured at fair value through profit or loss	1,760,000	94,336	0.06%	94,336	-
The Company	China Steel Corporation	-	Current financial assets measured at fair value through profit or loss	170,000	6,732	0.00%	6,732	-
The Company	Sports Gear Co.,Ltd	-	Current financial assets measured at fair value through profit or loss	70,000	5,320	0.04%	5,320	-
	Beneficiary certificate
The Company	Greater China Multi-Strategy Fund	-	Current financial assets measured at fair value through profit or loss	78,788	290,265	0.00%	290,265	-
The Company	BNP Paribas Funds-Energy Transition Classique USD Capitalisation	-	Current financial assets measured at fair value through profit or loss	5,248	29,290	0.00%	29,290	-
	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	3,285	0.01%	3,285	-
Kapok Computer Co., Ltd.	The Company	The Company	Non-current financial assets measured at fair value through other comprehensive income	16,966,596	514,088	2.61%	514,088	-
	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	38,877	0.00%	38,877	-
Kapok Computer Co., Ltd.	Taishin Global Selective High Yield Total Return Bond Fund	-	Current financial assets measured at fair value through profit or loss	1,500,000	15,413	0.00%	15,413

Table 3 Page 1

Securities held by	Marketable securities （Note 1）	Relationship with the securities issuer （Note 2）	General ledger account	As of June 30, 2021	As of June 30, 2021	As of June 30, 2021	As of June 30, 2021	Footnote （Note 4）
				Number of shares	Book value （Note 3）	Ownership	Fair value
	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	13,031 $	0.02%	13,031 $	-
Clevo Investment Co., Ltd.	The Company	The Company	Non-current financial assets measured at fair value through other comprehensive income	10,080,669	305,444	1.55%	305,444	-
	Beneficiary certificate
Clevo Investment Co., Ltd.	Shin Kong Global Preferred Stock Income Fund	-	Current financial assets measured at fair value through profit or loss	1,000,000	10,650	0.00%	10,650	-
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	15,130	0.00%	15,130	-
Clevo Investment Co., Ltd.	Reliance TAROBO Robotics Quantitative Chinese Fund	-	Current financial assets measured at fair value through profit or loss	1,491,591	25,918	0.00%	25,918	-
Clevo Investment Co., Ltd.	Amundi TW - US Dollar Core Fixed Income Fund	-	Current financial assets measured at fair value through profit or loss	1,000,000	10,050	0.00%	10,050
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	UG Hidden Dragon Special Opportunity Fund	-	Current financial assets measured at fair value through profit or loss	266,378	565,876	0.00%	565,876	-
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	UG Great Wall Absolute Return Fund B Class	-	Current financial assets measured at fair value through profit or loss	403,145	290,309	0.00%	290,309	-

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 2

CLEVO CO. and Subsidiaries Acquisition of real estate reaching NT$300 million or 20% of paid-in capital or more Six-month period ended June 30, 2021

Table 4

Expressed in thousands of NTD (Except as otherwise indicated)

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~ Second Quarter of 2021	1,249,161 $	784,850 $	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~ Second Quarter of 2021	742,976	719,829	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~ Second Quarter of 2021	3,060,337	2,900,736	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~ Second Quarter of 2021	1,441,096	1,378,671	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~ Second Quarter of 2021	1,738,437	1,720,533	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

Expressed in thousands of NTD (Except as otherwise indicated)

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 Six-month period ended June 30, 2021

Table 5

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	7,192,662 $	55.70%	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	3,899,501) (	28.02%	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.	2,077,763	41.28%	-
Kapok Computer (Kunshan) Co., Ltd.	The Company	The Company as the ultimate parent company	Sales	7,192,662) (	99.98%	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	3,899,501	49.61%	180 days	It is the only supplier, so the price cannot be compared.	-	2,077,763) (	48.13%	-

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 5 Page 1

CLEVO CO. and Subsidiaries Receivables from related parties reaching NT$100 million or 20% of paid-in capital or more Six-month period ended June 30, 2021

Six-month period ended June 30, 2021	Six-month period ended June 30, 2021	Six-month period ended June 30, 2021	Six-month period ended June 30, 2021	Six-month period ended June 30, 2021
Table 6					Expressed in thousands of NTD (Except as otherwiseindicated)
Creditor	Counterparty	Relationship with the counterparty	Balance as at June 30, 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.	2,077,763 $	4.43	- $	Change into other current financial assets	- $	- $

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 6 Page 1

CLEVO CO. and Subsidiaries Significant inter-company transactions during the reporting period Six-month period ended June 30, 2021

Table 7

Expressed in thousands of NTD (Except as otherwise indicated)

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	7,192,662 $	The selling price is reduced by 5%~15%. However, it can be adjusted according to market conditions. The payment period is 30 days ofter monthly billings.	60.06%
0	The Company	Kapok Computer (Kunshan) Co., Ltd.	1	Sales	3,899,501	It is the only customer, so the price cannot be compared. The payment period is 180 days.	32.56%
0	The Company	Kapok Computer (Kunshan) Co., Ltd.	1	Accounts receivable - related parties	2,077,763	-	2.18%
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	3	Other receivables - related parties - current	126,766	5.00%	0.13%
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	253,662	5.00%	0.27%
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	91,133	5.00%	0.10%
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	150,953	5.00%	0.16%
1	Buynow (Hangzhou) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	134,325	5.00%	0.14%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	381,378	4.35%	0.40%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	83,791	4.35%	0.09%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	3	Other receivables - related parties - current	129,919	4.35%	0.14%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	Other receivables - related parties - current	149,873	4.35%	0.16%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	316,375	4.35%	0.33%
2	Buynow (Chengdu) Electronic Information Co., Ltd.	Buynow (Fujian) Electronic Technology Development Co., Ltd.	3	Receivables - related parties	59,660	-	0.06%

Table 7 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	52,654 $	-	0.06%
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	363,886	4.35%	0.38%
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	174,708	4.35%	0.18%
3	Buynow (Nanjing) Facility Leasing And Management Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Receivables - related parties	57,505	-	0.06%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Hangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	129,142	4.50%	0.14%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Nanchang) Industry Co., Ltd.	3	Other receivables - related parties - current	319,399	4.50%	0.33%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	169,741	4.50%	0.18%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	169,828	4.50%	0.18%
4	Kapok Computer (Kunshan) Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	641,691	4.50%	0.67%
4	Kapok Computer (Kunshan) Co., Ltd.	Daqing Buynow Electronic Information Corporation	3	Other receivables - related parties - current	96,748	4.50%	0.10%
4	Kapok Computer (Kunshan) Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	88,110	4.50%	0.09%
4	Kapok Computer (Kunshan) Co., Ltd.	Shantou Buynow Mall Co., Ltd.	3	Other receivables - related parties - current	492,898	4.50%	0.52%
4	Kapok Computer (Kunshan) Co., Ltd.	Clevo (China) Investment Co., Ltd.	3	Other receivables - related parties - current	172,765	4.50%	0.18%
4	Kapok Computer (Kunshan) Co., Ltd.	Yingkou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	82,063	4.50%	0.09%
4	Kapok Computer (Kunshan) Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	429,752	4.50%	0.45%
4	Kapok Computer (Kunshan) Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	192,633	4.50%	0.20%
4	Kapok Computer (Kunshan) Co., Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	547,232	4.50%	0.57%
4	Kapok Computer (Kunshan) Co., Ltd.	Kunshan Kaishuo Trading Co., Ltd.	3	Other receivables - related parties - current	172,765	4.50%	0.18%
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	52,477	5.00%	0.05%

Table 7 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.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	126,248 $	5.00%	0.13%
5	Buynow (Nanchang) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	77,312	5.00%	0.08%
5	Buynow (Nanchang) Industry Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	Other receivables - related parties - current	146,073	5.00%	0.15%
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	3	Other receivables - related parties - current	85,389	4.35%	0.09%
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	91,306	4.35%	0.10%
6	Buynow (Zhengzhou) Electronic Information Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	95,539	4.35%	0.10%
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Changsha Hungyu Business Management Co., Ltd.	3	Other receivables - related parties - current	91,781	4.35%	0.10%
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	156,784	4.35%	0.16%
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Yingkou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	114,413	4.35%	0.12%
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	52,045	4.35%	0.05%
7	Buynow Electronic Information (Shenyang) Co., Ltd.	Yingkou Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	78,455	-	0.08%
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	57,272	4.35%	0.06%
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	180,755	4.35%	0.19%
8	Buynow (Fujian) Electronic Technology Development Co., Ltd.	Daqing Buynow Electronic Information Corporation	3	Other receivables - related parties - current	133,849	4.35%	0.14%
9	Buynow (Changchun) Industry Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	177,084	4.35%	0.19%
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	78,522	5.00%	0.08%
10	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	152,249	5.00%	0.16%
11	Quality Trust Property Management Co., Ltd.	Daqing Buynow Electronic Information Corporation	3	Other receivables - related parties - current	208,397	3.00%	0.22%
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	228,049	4.35%	0.24%

Table 7 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)
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Harbin) Industry Co., Ltd.	3	Other receivables - related parties - current	99,772 $	4.35%	0.10%
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	Other receivables - related parties - current	86,382	4.35%	0.09%
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	126,585	4.35%	0.13%
12	Kalor Buynow (Heifei) Electronic Information Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	Other receivables - related parties - current	60,900	4.35%	0.06%
13	Buynow (Chongqing) Industry Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	75,585	5.00%	0.08%
13	Buynow (Chongqing) Industry Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	63,398	-	0.07%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	81,199	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	270,334	5.00%	0.28%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	195,742	5.00%	0.20%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	316,591	5.00%	0.33%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	Other receivables - related parties - current	226,408	5.00%	0.24%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	Receivables - related parties	89,645	-	0.09%
14	Shanghai Buynow Electronic Products Market Management Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	62,521	-	0.07%
15	Tianjin Buynow Electronic Information Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	155,920	4.35%	0.16%
15	Tianjin Buynow Electronic Information Co., Ltd.	Buynow (Xian) Industry Co., Ltd.	3	Other receivables - related parties - current	61,331	4.35%	0.06%
15	Tianjin Buynow Electronic Information Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	Other receivables - related parties - current	251,632	4.35%	0.26%
15	Tianjin Buynow Electronic Information Co., Ltd.	Zibo Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	138,402	4.35%	0.14%
15	Tianjin Buynow Electronic Information Co., Ltd.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	61,461	4.35%	0.06%
15	Tianjin Buynow Electronic Information Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	56,105	4.35%	0.06%

Table 7 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.	Luoyang Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	60,397 $	-	0.06%
16	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Shantou Buynow Mall Co., Ltd.	3	Other receivables - related parties - current	264,978	0.00%	0.28%
16	Buynow (Yancheng) Electronoc Information Technology Development Co. Ltd.	Dezhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	341,210	0.00%	0.36%
17	Beijing Clevo Investment Management Consultant Co.,Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	Other receivables - related parties - current	233,232	5.00%	0.24%
17	Beijing Clevo Investment Management Consultant Co.,Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	3	Other receivables - related parties - current	277,287	5.00%	0.29%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	372,697	4.35%	0.39%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Guangzhou) Electronic Information Co., Ltd.	3	Other receivables - related parties - current	85,475	4.35%	0.09%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Qingdao Buynow Technology Industry Co., Ltd.	3	Other receivables - related parties - current	103,486	4.35%	0.11%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	235,824	4.35%	0.25%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Suzhou Jinzuo Industry Co., Ltd.	3	Other receivables - related parties - current	255,519	4.35%	0.27%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	188,530	4.35%	0.20%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Quanzhou Buynow Industry Co., Ltd.	3	Other receivables - related parties - current	77,312	4.35%	0.08%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Buynow (Jinzhou) Industry Co., Ltd.	3	Other receivables - related parties - current	244,894	4.35%	0.26%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	128,886	-	0.13%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Luoyang Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	53,256	-	0.06%
18	Guangdong Buynow Real Estate Management Co., Ltd.	Guiyang Buynow Electronic Information Co., Ltd.	3	Receivables - related parties	75,070	-	0.08%
19	Shantou Buynow Mall Co., Ltd.	Buynow Electronic Information (Huizhou) Co., Ltd	3	Other receivables - related parties - current	73,425	5.00%	0.08%
19	Shantou Buynow Mall Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	Other receivables - related parties - current	410,316	5.00%	0.43%
19	Shantou Buynow Mall Co., Ltd.	Clevo (China) Investment Co., Ltd.	3	Other receivables - related parties - current	123,095	5.00%	0.13%

Table 7 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.	Anshan Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	404,529 $	5.00%	0.42%
19	Shantou Buynow Mall Co., Ltd.	Taizhou Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	98,044	5.00%	0.10%
20	Dezhou Buynow Electronic Information Co., Ltd.	Guangdong Buynow Real Estate Management Co., Ltd.	3	Other receivables - related parties - current	60,468	5.00%	0.06%
20	Dezhou Buynow Electronic Information Co., Ltd.	Buynow (Wuxi) Electronic Technology Development Co., Ltd.	3	Other receivables - related parties - current	116,616	5.00%	0.12%
21	Kunshan Kaishuo Trading Co., Ltd.	Shanghai Buynow Electronic Information Co., Ltd.	3	Other receivables - related parties - current	88,456	4.50%	0.09%

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 7 Page 6

CLEVO CO. and Subsidiaries Information on investees

Six-month period ended June 30, 2021

Table 8

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 June 30, 2021	Shares held as at June 30, 2021	Shares held as at June 30, 2021	Net profit (loss) of the investee for the six-month period ended June 30, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the six-month period ended June 30, 2021 (Note 2 (3))	Footnote
				Balance at June 30, 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	7,492,577 $	38,300 $	38,300 $	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	43,547,084	237,159	237,159	The subsidiary of the Company
The Company	KAPOK COMPUTER (SAMOA) CORPORATION	Samoa	Investment	489,985	489,985	16,000,000	100.00	1,903,221	179,842	179,806	The subsidiary of the Company
The Company	BUYNOW ON-LINE HOLDING CORPORATION	Samoa	Investment	35,513	35,513	1,100,000	100.00	9,215) (	515) (	515) (	The subsidiary of the Company
The Company	Clevo Investment Co., Ltd.	Taiwan	Investment	140,000	140,000	14,000,000	100.00	77,418	3,860	3,860	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	58,319	1,876	1,876	The subsidiary of the Company
The Company	Taipei Twin Corporation	Taiwan	Investment	1,000,000	1,000,000	100,000,000	50.00	978,664	16,945) (	8,473) (	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	3,416,949	8,876	8,876	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	905,129	14,900	14,900	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	3,395,833	57,105	57,105	The Company as the ultimate parent company

Table 8 Page 1

Investor	Investee （Notes 1 and 2）	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at June 30, 2021	Shares held as at June 30, 2021	Shares held as at June 30, 2021	Net profit (loss) of the investee for the six-month period ended June 30, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the six-month period ended June 30, 2021 (Note 2 (3))	Footnote
				Balance at June 30, 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	3,141,497 $	47,043 $	47,043 $	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	221,740	261	261	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	2,824,511	33,691	33,691	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	2,299,548	17,062	17,062	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	3,079,911	17,708	17,708	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	1,892,111	20,325	20,325	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	813,064	17,071	17,071	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	2,856,769	49,070	49,070	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	94,635	5,754) (	5,754) (	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	1,054,659	14,302) (	14,302) (	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	2,307,924	446	446	The Company as the ultimate parent company

Table 8 Page 2

Investor	Investee （Notes 1 and 2）	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at June 30, 2021	Shares held as at June 30, 2021	Shares held as at June 30, 2021	Net profit (loss) of the investee for the six-month period ended June 30, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the six-month period ended June 30, 2021 (Note 2 (3))	Footnote
				Balance at June 30, 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	1,265,549 $	21,278 $	21,278 $	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	79,221	45,495) (	45,495) (	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	10,649) (	1,106	1,106	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	63,838) (	13,749	13,749	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	1,840,557	95,763	95,763	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	5,041,340	18,329	18,329	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	731,784	-	-	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	77,124) (	10,289	10,289	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	410,467	205) (	205) (	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	758,076	41,328) (	41,328) (	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	257,888	274) (	274) (	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	2,416,478	169,830	50,949	Investment accounted for under equity method

Table 8 Page 3

Investor	Investee （Notes 1 and 2）	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at June 30, 2021	Shares held as at June 30, 2021	Shares held as at June 30, 2021	Net profit (loss) of the investee for the six-month period ended June 30, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the six-month period ended June 30, 2021 (Note 2 (3))	Footnote
				Balance at June 30, 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	97,791 $	155,622 $	46,687 $	Investment accounted for under equity method
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	BUYNOW (WUHAN) CORPORATION	Samoa	Investment	-	-	4,500,000	30.00	157,876	33,013) (	9,904) (	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	56,562	178,441	6,692	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	286,116	5,778) (	5,778) (	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	1,004,864	6,045	6,045	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	418,625	131,802) (	131,802) (	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	184,925	10,855) (	10,855) (	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	439,379	437	437	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	293,883	20,142) (	20,142) (	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	240,411	13,603) (	13,603) (	The Company as the ultimate parent company
CLEVO (CAYMAN ISLANDS) HOLDING COMPANY	CLEVO(HK) INVESTMENT HOLDING LIMITED	Hong Kong	Investment	3,138	3,138	100,000	100.00	-	8) (	8) (	The Company as the ultimate parent company

Table 8 Page 4

Investor	Investee （Notes 1 and 2）	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at June 30, 2021	Shares held as at June 30, 2021	Shares held as at June 30, 2021	Net profit (loss) of the investee for the six-month period ended June 30, 2021 (Note 2 (2))	Investment income (loss) recognised by the Company for the six-month period ended June 30, 2021 (Note 2 (3))	Footnote
				Balance at June 30, 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	5,041,340 $	18,329 $	18,329 $	The Company as the ultimate parent company
SMARTER CAPITAL LIMITED	BUYNOW SZ. CORPORATION	Samoa	Investment	452,081	452,081	14,900,000	100.00	1,004,864	6,045	6,045	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	9,215) (	515) (	515) (	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:
0 (1)The columns of ‘Investee’, ‘Location’, ‘Main business activities’, Initial investment amount’ and ‘Shares held as at June 30, 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 six-month period ended June 30, 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 six-month period ended June 30, 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 8 Page 5

CLEVO CO. and Subsidiaries Information on investments in Mainland China Six-month period ended June 30, 2021

Table 9

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 six- month period ended June 30, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the six- month period ended June 30, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2021	Net income of investee for the six-month period ended June 30, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the six- month period ended June 30, 2021 （Note 2）	Book value of investments in Mainland China as of June 30, 2021	Accumulated amount of investment income remitted back to Taiwan as of June 30, 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 $	8,876 $	100	8,876 $	3,416,949 $	- $	-
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	596) (	100	596) (	1,949,524	-	-
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)	-	-	-	-	32,602	100	32,602	2,224,693	-	-
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	181,864	100	181,864	1,852,919	-	-
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)	-	-	-	-	2,443	100	2,443	5,038	-	-

Table 9 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 six- month period ended June 30, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the six- month period ended June 30, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2021	Net income of investee for the six-month period ended June 30, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the six- month period ended June 30, 2021 （Note 2）	Book value of investments in Mainland China as of June 30, 2021	Accumulated amount of investment income remitted back to Taiwan as of June 30, 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 $	232,000 $	30	69,600 $	1,300,435 $	-	-
Wuhan Qunbai Industry Co., Ltd.	Research, development and sales of computer software, hardware and electronic products; sales services; wenue retal	58,904	(3)	-	-	-	-	6,230	30	1,869	608,759	-	-
Chicony Square (Wuhan) Management Co., Ltd.	Sales of service and non-staple food; cafe operation; venue rental	14,414	(3)	-	-	-	-	4,653	24.99	1,163	31,526	-	-
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)	-	-	-	-	189,974) (	30	56,992) (	481,292	-	-
Buynow (Hangzhou) Electronic Information Co., Ltd.	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	57,105	100	57,105	3,395,833	-	-
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	21,013	100	21,013	2,934,223	-	-
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	11,284	100	11,284	249,316	-	-
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)	-	-	-	-	397	100	397	28,304	-	-

Table 9 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 six- month period ended June 30, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the six- month period ended June 30, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2021	Net income of investee for the six-month period ended June 30, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the six- month period ended June 30, 2021 （Note 2）	Book value of investments in Mainland China as of June 30, 2021	Accumulated amount of investment income remitted back to Taiwan as of June 30, 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)	- $	-	-	- $	51,316 $	100	51,316 $	4,699,155 $	-	-
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)	-	-	-	-	23,523	100	23,523	99,667) (	-	-
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	119,297	(2)	119,297	-	-	119,297	33,691	100	33,691	2,824,511	-	-
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	261	100	261	221,740	-	-
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	47,043	100	47,043	3,141,497	- $	-
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	17,057	100	17,057	2,293,958	-	-

Table 9 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 six- month period ended June 30, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the six- month period ended June 30, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2021	Net income of investee for the six-month period ended June 30, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the six- month period ended June 30, 2021 （Note 2）	Book value of investments in Mainland China as of June 30, 2021	Accumulated amount of investment income remitted back to Taiwan as of June 30, 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 $	434 $	100	434 $	2,292,900 $	-	-
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)	314,567	-	-	314,567	126,005	100	126,005	2,421,785	-	-
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	-	731,783	-	-
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	17,071	100	17,071	813,064	-	-
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	20,325	100	20,325	1,892,111	-	-
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 INTERNATIONA L INC.	687,382	-	-	687,382	178,442	30	53,533	452,488	-	-
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	6,731	100	6,731	2,426,390	-	-
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	28,281	100	34,283	7,755,124	-	-

Table 9 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 six- month period ended June 30, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the six- month period ended June 30, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2021	Net income of investee for the six-month period ended June 30, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the six- month period ended June 30, 2021 （Note 2）	Book value of investments in Mainland China as of June 30, 2021	Accumulated amount of investment income remitted back to Taiwan as of June 30, 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 $	51,522 $	100	51,522 $	2,999,547 $	-	-
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(WUHA N) CORPORATION	-	-	-	-	33,013) (	30	9,904) (	157,876	-	-
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	27,947) (	100	27,947) (	459,617	-	-
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	29,789	100	29,789	1,771,733	-	-
Wuxi Buynow Electronic Market Co., Ltd.	Leasing of facility, market management service, catering management, property management, parking lot management	2,454	(3)	-	-	-	-	10	100	10	2,357	-	-
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	45,472) (	100	45,472) (	75,764	-	-
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	14,302) (	100	14,302) (	1,054,658	-	-

Table 9 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 six- month period ended June 30, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the six- month period ended June 30, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2021	Net income of investee for the six-month period ended June 30, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the six- month period ended June 30, 2021 （Note 2）	Book value of investments in Mainland China as of June 30, 2021	Accumulated amount of investment income remitted back to Taiwan as of June 30, 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 $	463) ($	100	463) ($	11,880) ($	-	-
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	1,106	100	1,106	10,649) (	-	-
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	25,723	100	25,723	192,809) (	- $	-
Shantou Buynow Mall Co., Ltd.	Investment in companies primarily engaged in research and development and advisory service	574,562	(2)	574,562	-	-	574,562	13,603) (	100	13,603) (	240,411	-	-
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	13,749	100	13,749	63,838) (	-	-

Table 9 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 six- month period ended June 30, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the six- month period ended June 30, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2021	Net income of investee for the six-month period ended June 30, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the six- month period ended June 30, 2021 （Note 2）	Book value of investments in Mainland China as of June 30, 2021	Accumulated amount of investment income remitted back to Taiwan as of June 30, 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 $	205) ($	100	205) ($	410,467 $	-	-
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	41,328) (	100	41,328) (	758,076	-	-
Clevo (China) Investment Co., Ltd.	Investment in companies primarily engaged in research and development and advisory service	897,135	(2)	897,135	-	-	897,135	73,491) (	100	73,491) (	2,246,609	-	-
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	274) (	100	274) (	257,888	-	-
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	5,778) (	100	5,778) (	286,115	-	-
Suzhou Jinzuo Industry Co., Ltd.	Business affairs and property management business	480,460	(2)	1,008,954	-	-	1,008,954	6,045	100	6,045	1,004,864	-	-
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	881,914	(2)	881,914	-	-	881,914	167,391) (	100	167,391) (	861,369	-	-
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	10,855) (	100	10,855) (	184,925	-	-

Table 9 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 six- month period ended June 30, 2021	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the six- month period ended June 30, 2021	Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2021	Net income of investee for the six-month period ended June 30, 2021	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the six- month period ended June 30, 2021 （Note 2）	Book value of investments in Mainland China as of June 30, 2021	Accumulated amount of investment income remitted back to Taiwan as of June 30, 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 $	437 $	100	437 $	439,379 $	-	-
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	20,142) (	100	20,142) (	293,883	-	-
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	858) (	100	858) (	26,769	-	-
Shanghai Huihei Advertisment Co., Ltd.	Advertising design and marketing	4,850	(3)	-	-	-	-	364) (	100	364) (	5,258	-	-
Shanghai Huizhuan Restaurant Management Co., Ltd.	Catering business management	22,884	(3)	-	-	-	-	3,020) (	100	3,020) (	30,159) (	-	-

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 six-month period ended June 30, 2021 was reviewed by independent auditors. Note 3: The numbers in this table are expressed in New Taiwan dollars.

Table 9 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 June Ministry of Economic Affairs Commission of Company name 30, 2021 (MOEA) MOEA CLEVO CO. $ 13,393,300 $ 15,109,231 $ 24,223,669 (USD 421,680 thousand of USD) (USD 466,227 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. (40,372,782 x 60% = 24,223,669)

Note 2: It has been liquidated as of June 30, 2021, and has been approved to invest US$4,120,000 by the Ministry of Economic Affairs.
Note 3: As of June 30, 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.
Note 4: Guiyang Buynow Electronic Information Co., Ltd. has been approved by the Ministry of Economic Affairs for

an investment of US$10,000,000. However, it remains unremitted until June 30, 2021, and the investment will not be made in the future.

Table 9 Page 9

CLEVO CO. and Subsidiaries Major shareholders information June 30, 2021

Table 10

Name of major shareholders	Shares	Shares
	Name of shares held	Ownership (%)
Kent Hsu Huatai Investment Co., Ltd. EPOQUE CORPORATION	51,701,335 37,326,144 33,567,888	7.83% 5.65% 5.08%

Table 10 Page 1

AI assistant

CLEVO CO. — Interim / Quarterly Report 2021

52030_rns_2021-12-29_5e3c3891-a3bb-4ab4-847e-474755df83cc.pdf

CLEVO CO. AND SUBSIDIARIES

Introduction

Scope of review

Basis for qualified conclusion

Qualified conclusion

CLEVO CO. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

JUNE 30, 2021, DECEMBER 31, 2020 AND JUNE 30, 2020

CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

CLEVO CO. AND SUBSIDIARIES

CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

CLEVO CO. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

CLEVO CO. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

SIX-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020

1. HISTORY AND ORGANISATION

2. THE DATE OF AUTHORISATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL

STATEMENTS AND PROCEDURES FOR AUTHORISATION

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

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

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(1) Compliance statement

(2) Basis of preparation

(3) Basis of consolidation

B. Subsidiaries included in the consolidated financial statements:

(5) Classification of current and non-current items

(6) Cash equivalents

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

(11) Derecognition of financial assets

- (12) Leasing arrangements (lessor) operating leases

(15) Investments accounted for using equity method / associates

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

(19) Investment property

(20) Intangible assets

(22) Borrowings

(23) Notes and accounts payable

(24) Financial liabilities at fair value through profit or loss

(25) Bonds payable

(26) Derecognition of financial liabilities

(28) Non-hedging derivatives

(29) Provisions

(30) Employee benefits

(32) Share capital

(33) Dividends

(34) Revenue recognition

(35) Government grants

(36) Operating segments

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF

ASSUMPTION UNCERTAINTY

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

A. Evaluation of inventories

B. Investment property measured at fair value

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

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

Forward foreign exchange contracts / Foreign exchange swaps

(3) Accounts receivable

(5) Investments accounted for using equity method

A. Associates:

Balance sheet

Chicony Square (Cayman) Inc.

Statement of comprehensive income

B. Joint ventures

Balance sheet

Statement of comprehensive income

(6) Property, plant and equipment

(7) Leasing arrangements - lessee

(9) Investment property

(10) Intangible assets

CLEVO CO. Interim / Quarterly Report 2021