COMPEQ — Annual Report 2025

Apr 29, 2026

Stock Code ： 2313

COMPEQ MANUFACTURING CO., LTD.

AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS

AND INDEPENDENT AUDITORS' REPORT FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

Address: No. 91, Ln. 814, Daxin Rd., Shin-juang Vil. Luzhu Dist., Taoyuan City, Taiwan, R.O.C.

Phone : (886-3) 323-1111

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

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REPRESENTATION LETTER

The entities that are required to be included in the combined financial statements of Compeq Manufacturing Co., Ltd. as of and for the year ended December 31, 2025, under the Criteria Governing the Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises are the same as those included in the consolidated financial statements prepared in conformity with the International Financial Reporting Standards No. 10, “Consolidated Financial Statements.” In addition, the information required to be disclosed in the combined financial statements is included in the consolidated financial statements. Consequently, Compeq Manufacturing Co., Ltd. and Subsidiaries do not prepare a separate set of combined financial statements.

Very truly yours,

COMPEQ MANUFACTURING CO., LTD.

By

P. K. Chiang

Chairman

March 5, 2026

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INDEPENDENT AUDITORS' REPORT

NO.00151140ECA

To the Board of Directors of Compeq Manufacturing Co., Ltd.,

Opinion

We have audited the accompanying consolidated financial statements of Compeq Manufacturing Co., Ltd. and its subsidiaries (collectively referred to as “the Company”), which comprise the consolidated balance sheets as of December 31, 2025 and 2024, and the consolidated statements of comprehensive income, changes in equity and cash flows for the years ended December 31, 2025 and 2024, and notes to the consolidated financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC interpretations (IFRIC), and SIC Interpretation (SIC) endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

Basis for Opinion

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

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements for the year ended December 31, 2025. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Key audit matters for the Company’s consolidated financial statements for the year ended December 31, 2025 are explained as follows:

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Revenue recognition from shipping warehouses

Description of the key audit matter

Refer to note 4(14) and 6(18) of the consolidated financial statements for the information relating to revenue recognition.

The Company’s sales come in two types of direct shipping from factories and shipping from warehouses, revenue is recognized on the transfer of control of the products on an individual sales contract basis. In which the revenue from shipping warehouses is recognized when the customer picks up the products. The Company mainly recognizes its revenue in accordance with the statements or other information provided by the custodians of shipping warehouses and reconciliation with any change in recorded inventory. Given that the shipping warehouses spread many regions and the sales terms for each major customer also vary, such revenue recognition process often involves a lot of labor in operation, which is likely to result in inappropriate timing to recognize the revenue or inconsistence between physical quantity and recorded quantity of the inventory in custody. On the other hand, it requires both parties’ labor judgment to determine if a shipment meets the terms for customer’s acquisition of products control right and such risk is the major measurement index adopted by the report users. As such, the deadline of the recognition of the revenue of the products sold from shipping warehouses is listed as one of the key audit matters.

How the matter was addressed in our audit

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

1. Understand and assess the propriety of the accounting policy for revenue recognition, and evaluate and test the internal control in relation to the timing of revenue recognition.

2. Perform cut-off tests on the revenue from shipping warehouses in the periods before and after the balance sheet date, and check if customer account statement data, change in recorded inventory, revenue and cost carry-over were recorded at appropriate times.

3. Execute sending confirmation letters or field stock-taking observation for the quantity of inventory in shipping warehouses, and check as well as reconcile the warehouse inventory quantity with the recorded inventory quantity. In case of any inconsistence with the recorded inventory quantity found from the enquiry response or stock-taking observation, the reasons for the inconsistence will be investigated and the test for the reconciliation items shall be executed, so as to confirm if material differences are properly adjusted and recorded.

Evaluation of allowance for loss on reduction of inventory to market

Description of the key audit matter

Refer to note 4(8), 5(2) and 6(4) of the consolidated financial statements for the information relating to inventory valuation.

4

The Company mainly engages in manufacture and sales of PCB(Printed Circuit Boards). Due to their short life cycle and severe competition in the industry, electronic products are susceptible to the volatility of market prices, so they have higher risk in losses on reduction of inventory to market and inventory obsolescence. The net realizable value adopted by the Company for invalid and obsolescent inventory often involves subjective judgment. Given that the Company’s inventory and its allowance for loss on reduction of inventory to market have a vital impact on its financial statements, the valuation of the allowance for loss on reduction of inventory to market is listed as one of the key audit matters.

How the matter was addressed in our audit

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

1. Evaluate if the policy and procedure for setting aside the allowance for loss on reduction of inventory to market are appropriately and consistently adopted.

2. Understand the inventory warehouse management process, inspect the annual stock-taking plan and participate in the annual observation of stock-taking, so as to confirm the inventory management and status.

3. Acquire the statement to identify inventory obsolescence and invalidation and verify inventory aging propriety and rationality, so as to confirm the possibility for the loss of the inventory exceeding a certain inventory age and coverage of the invalid and obsolescent inventory items in the statement, and ensure the consistence of the statement information with the policy.

4. Inspect a variety of data adopted by the management for calculation of the inventory net realizable value, and give random check and calculation to evaluate the rationality of the inventory net realizable value and judge if relevant disclosures are adequate.

Other Matter

We have also audited the parent company only financial statements of Compeq Manufacturing Co., Ltd. as of and for the years ended December 31, 2025 and 2024 on which we have issued an unmodified opinion.

Responsibilities of Management And Those Charged With Governance For the Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the IFRS, IAS, IFRIC, and SIC endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

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In preparing the consolidated financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those charged with governance, (including members of the Audit Committee), are responsible for overseeing the Company’s financial reporting process.

Auditors’ Responsibilities For The Audit of The Consolidated Financial Statements

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

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

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

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

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

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

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

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

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

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

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements for the year ended December 31, 2025 and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Baker Tilly Clock & Co Hsin-Liang Wu, CPA Chi-Ping Lin, CPA March 5, 2026

Notes to Readers

The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance and its cash flows in accordance with the accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit (or review) such consolidated financial statements are those generally accepted and applied in the Republic of China. The auditors’ report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language auditors’ report and consolidated financial statements, the Chinese version shall prevail.

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COMPEQ MANUFACTURING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars)

ASSETS	NOTES	December 31,2025	December 31,2025	December 31,2024	December 31,2024
		Amount	％	Amount	％
CURRENT ASSETS Cash and cash equivalents Financial assets at fair value through profit or loss-current Notes receivable Accounts receivable Other receivables Current tax assets Inventories Prepayments Other financial assets-current Other current assets Total current assets NON-CURRENT ASSETS Financial assets at fair value through other comprehensive income-non-current Property, plant and equipment Right-of-use assets Intangible assets Deferred tax assets Prepayments for equipment Refundable deposits Net defined pension assets-non-current Other non-current assets Total non-current assets	6(1) 6(2) 6(3) 6(3) 6(22) 6(4) 6(5),8 6(6) 6(7),8 6(8) 6(9) 6(22) 6(15)	$ 11,508,955 54,608 166,727 18,375,310 632,842 30,025 11,523,101 745,213 7,807,609 91,006	12.72 0.06 0.18 20.31 0.70 0.03 12.73 0.82 8.63 0.10	$ 11,152,324 186,408 99,423 17,058,519 741,530 15,271 8,453,928 385,041 8,056,436 85,331	13.08 0.22 0.12 20.01 0.87 0.01 9.92 0.45 9.45 0.10
		50,935,396	56.28	46,234,211	54.23
		126,664 37,630,774 398,161 316,935 759,139 185,828 15,483 85,268 43,385	0.14 41.58 0.44 0.35 0.84 0.21 0.02 0.09 0.05	11,097 37,276,439 422,463 326,728 692,302 172,958 19,587 52,537 52,142	0.01 43.73 0.50 0.38 0.81 0.20 0.02 0.06 0.06
		39,561,637	43.72	39,026,253	45.77
TOTAL		$ 90,497,033	100.00	$ 85,260,464	100.00

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

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COMPEQ MANUFACTURING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars)

LIABILITIES AND EQUITY	NOTES	December 31,2025	December 31,2025	December 31,2024	December 31,2024
		Amount	％	Amount	％
CURRENT LIABILITIES Short-term borrowings Notes payable Accounts payable Other payables Current tax liabilities Provisions-current Current portion of long-term borrowings Other current liabilities Total current liabilities NON-CURRENT LIABILITIES Long-term borrowings Deferred tax liabilities Lease liabilities-non-current Net defined pension liabilities-non-current Other non-current liabilities-others Total non-current liabilities Total liabilities EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY Capital stock Capital surplus Retained earnings Legal reserve Special reserve Unappropriated earnings Other equity Exchange differences on translation of foreign operations Unrealized gain (loss) on financial assets at fair value through other comprehensive income Total equity attributable to owners of the Company NON-CONTROLLING INTERESTS Total equity	6(10) 6(11) 6(11) 6(12) 6(22) 6(13) 6(14),8 6(8) 6(14),8 6(22) 6(8) 6(15) 6(16) 6(16) 6(16) 6(16)	$ 1,233,768 3,043,513 14,877,373 7,180,820 1,290,057 276,658 928,443 1,745,273	1.36 3.36 16.44 7.93 1.43 0.31 1.03 1.93	$ 1,514,110 2,364,846 12,924,677 7,308,096 829,928 251,904 1,453,663 1,203,444	1.78 2.77 15.16 8.58 0.97 0.30 1.70 1.41
		30,575,905	33.79	27,850,668	32.67
		7,796,664 4,144,163 114,759 742 2,130	8.61 4.58 0.13 － －	8,383,347 4,397,141 124,955 － 35,229	9.83 5.16 0.14 － 0.04
		12,058,458	13.32	12,940,672	15.17
		42,634,363	47.11	40,791,340	47.84
		11,918,206 1,060,226	13.17 1.17	11,918,206 1,060,226	13.98 1.24
		34,157,929	37.75	30,456,881	35.73
		5,038,404 － 29,119,525	5.57 － 32.18	4,475,378 340,217 25,641,286	5.25 0.40 30.08
		726,309	0.80	1,033,811	1.21
		738,599 (12,290)	0.81 (0.01)	1,049,838 (16,027)	1.23 (0.02)
		47,862,670	52.89	44,469,124	52.16
		－	－	－	－
		47,862,670	52.89	44,469,124	52.16
TOTAL		$ 90,497,033	100.00	$ 85,260,464	100.00

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

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COMPEQ MANUFACTURING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE YEARS ENDED ON DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan Dollars, Except Earnings Per Share)

DESCRIPTION	NOTE	2025	2025	2024	2024
		Amount	％	Amount	％
OPERATING REVENUES OPERATING COSTS GROSS PROFIT OPERATING EXPENSES Selling and marketing expenses General and administrative expenses Research and development expenses Expected credit (loss) gain reversal Total operating expenses INCOME FROM OPERATIONS NON-OPERATING INCOME AND EXPENSES Interest income Other income Other gains and losses Finance costs Total non-operating income and expenses INCOME BEFORE INCOME TAX INCOME TAX EXPENSE NET INCOME OTHER COMPREHENSIVE INCOME (LOSS) Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit obligation Unrealized gain (loss) from investments in equity instruments measured at fair value through other comprehensive income Income tax benefit (expense) related to items that will not be reclassified subsequently Items that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations Income tax relating to the components of other comprehensive income (loss) Other comprehensive (loss) income, net of income tax TOTAL COMPREHENSIVE INCOME FOR THE YEAR NET INCOME ATTRIBUTABLE TO： Shareholders of the parent Non-controlling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO： Shareholders of the parent Non-controlling interests EARNING PER SHARE Basic Diluted	6(18) 6(4) 6(3) 6(19) 6(20) 6(21) 6(22) 6(15) 6(16) 6(22) 6(16) 6(22) 6(17) 6(17)	$ 75,995,687 (61,873,094)	100.00 (81.42)	$ 72,464,408 (60,871,618)	100.00 (84.00)
		14,122,593	18.58	11,592,790	16.00
		(1,540,986) (1,383,459) (3,031,630) (16,494)	(2.03) (1.82) (3.99) (0.02)	(1,443,555) (1,312,077) (2,738,967) 28,975	(1.99) (1.81) (3.78) 0.04
		(5,972,569)	(7.86)	(5,465,624)	(7.54)
		8,150,024	10.72	6,127,166	8.46
		426,614 153,406 (340,027) (310,176)	0.56 0.20 (0.44) (0.41)	471,249 401,493 537,570 (467,675)	0.65 0.55 0.74 (0.64)
		(70,183)	(0.09)	942,637	1.30
		8,079,841 (1,512,973)	10.63 (1.99)	7,069,803 (1,470,707)	9.76 (2.03)
		$ 6,566,868	8.64	$ 5,599,096	7.73
		(6,813) 7,744 (2,645) (389,048) 77,809	(0.01) 0.01 － (0.51) 0.10	38,952 (2,347) (7,321) 1,719,883 (343,977)	0.05 － (0.01) 2.37 (0.47)
		(312,953)	(0.41)	1,405,190	1.94
		$ 6,253,915	8.23	$ 7,004,286	9.67
		$ 6,566,868 －	8.64 －	$ 5,599,096 －	7.73 －
		$ 6,566,868	8.64	$ 5,599,096	7.73
		$ 6,253,915 －	8.23 －	$ 7,004,286 －	9.67 －
		$ 6,253,915	8.23	$ 7,004,286	9.67
		$ 5.51 $ 5.49		$ 4.70 $ 4.69

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

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COMPEQ MANUFACTURING CO., LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan Dollars)

			(Expressed in thousands of New Taiwan Dollars)	(Expressed in thousands of New Taiwan Dollars)	(Expressed in thousands of New Taiwan Dollars)	(Expressed in thousands of New Taiwan Dollars)
DESCRIPTION			Equityattributable to the owners of the Company						Non-controlling interests	Total equity
	Capital Stock	Capital surplus	Retained earnings			Other	equity	Subtotal
			Legal reserve	Special reserve	Unappropriated earnings	Exchange differences on translation of foreign operations	Unrealized gain (loss) on financial assets at fair value through other comprehensive income
BALANCE,JANUARY 1,2024	$ 11,918,206	$ 1,060,226	$ 4,061,551	$ 12,459	$ 22,540,344	$ (326,068)	$ (14,149)	$ 39,252,569	$ －	$ 39,252,569
Appropriations of prior year’s earnings Legal reserve Special reserve reversed Cash dividends Net income in 2024 Other comprehensive income in 2024, net of income tax Total comprehensive income in 2024	－ － － － －	－ － － － －	413,827 － － － －	－ 327,758 － － －	(413,827) (327,758) (1,787,731) 5,599,096 31,162	－ － － － 1,375,906	－ － － － (1,878)	－ － (1,787,731) 5,599,096 1,405,190	－ － － － －	－ － (1,787,731) 5,599,096 1,405,190
	－	－	－	－	5,630,258	1,375,906	(1,878)	7,004,286	－	7,004,286
BALANCE,JANUARY 1,2025	11,918,206	1,060,226	4,475,378	340,217	25,641,286	1,049,838	(16,027)	44,469,124	－	44,469,124
Appropriations of prior year’s earnings Legal reserve Special reserve Cash dividends Net income in 2025 Other comprehensive income (loss) in 2025, net of income tax Total comprehensive income in 2025	－ － － － －	－ － － － －	563,026 － － － －	－ (340,217) － － －	(563,026) 340,217 (2,860,369) 6,566,868 (5,451)	－ － － － (311,239)	－ － － － 3,737	－ － (2,860,369) 6,566,868 (312,953)	－ － － － －	－ － (2,860,369) 6,566,868 (312,953)
	－	－	－	－	6,561,417	(311,239)	3,737	6,253,915	－	6,253,915
BALANCE,DECEMBER 31,2025	$ 11,918,206	$ 1,060,226	$ 5,038,404	$ －	$ 29,119,525	$ 738,599	$ (12,290)	$ 47,862,670	$ －	$ 47,862,670

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

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COMPEQ MANUFACTURING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED ON DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan Dollars)

DESCRIPTION	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax Adjustments for: Income and expense (loss) items Depreciation expense Amortization expense Expected credit loss (gain) reversal Net (gain) loss on financial assets and liabilities at fair value through profit or loss Interest expense Interest income Loss on disposal and write-off of property, plant and equipment Exchange gain on long-term debts Other Item Changes in operating assets and liabilities Financial assets mandatorily at fair value through profit or loss Notes receivable Accounts receivable Other receivables Inventories Prepayments Other current assets Other current financial assets Net defined pension assets Notes payable Accounts payable Other payables Provisions Receipts in advance Other current liabilities Net defined pension liabilities Cash generated from operations Interest received Interest paid Income taxes paid Net cashgenerated byoperatingactivities	$ 8,079,841 5,708,480 109,342 16,494 (17,744) 310,176 (426,614) 135,369 (21,042) 942 149,555 (68,095) (1,439,810) 164,293 (3,146,023) (346,913) 9,305 94,680 (39,544) 693,789 2,014,592 (17,177) 28,404 167 515,128 720	$ 7,069,803 5,714,948 99,995 (28,975) 2,117 467,675 (471,249) 145,589 (165,769) (845) 25,803 127,827 (39,113) (366,413) (99,931) 116,320 (11,467) (2,984,754) (13,585) 343,862 678,568 (60,349) 21,463 (4,821) 564,532 (121,555)
	12,508,315 425,838 (309,205) (1,337,156)	11,009,676 468,370 (520,626) (1,243,971)
	$ 11,287,792	$ 9,713,449

(Continued)

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COMPEQ MANUFACTURING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED ON DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan Dollars)

DESCRIPTION	2025	2024
CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of financial assets at fair value through other comprehensive income Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Increase in Refundable Deposits Decrease in Refundable Deposits Acquisition of Intangible Assets Increase in prepayments for equipment Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES (Decrease) increase in short-term borrowings Increase in long-term borrowings Decrease in long-term borrowings Increase in guarantee deposits received Decrease in guarantee deposits received Repayment of the principal portion of lease liabilities (Decrease) increase in other non-current liabilities Cash dividends Net cash used in financing activities EFFECT OF EXCHANGE RATE CHANGES ON THE BALANCE OF CASH AND CASH EQUIVALENTS HELD IN FOREIGN CURRENCIES NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD CASH AND CASH EQUIVALENTS AT END OF THE PERIOD	$ (107,824) (6,549,310) 35,077 (74,019) 70,090 (106,468) (28,829)	$ － (5,684,568) 19,143 (74,692) 61,802 (139,374) (51,461)
	(6,761,283)	(5,869,150)
	(151,997) 4,994,680 (5,994,966) 36,729 (8,472) (76,679) (31,159) (2,860,369)	1,205,900 3,737,908 (7,247,116) 16,312 (8,981) (73,497) (257,622) (1,787,731)
	(4,092,233)	(4,414,827)
	(77,645)	480,961
	356,631 11,152,324	(89,567) 11,241,891
	$ 11,508,955	$ 11,152,324

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

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COMPEQ MANUFACTURING CO., LTD. AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

(Amounts in thousands of New Taiwan dollars, unless otherwise stated)

1. ORGANIZATION AND OPERATIONS

Compeq Manufacturing Co., Ltd. (the Company) was established in August 1973. It is engaged in the manufacture and sale of PCB (Printed Circuit Boards). On July 24, 1990, the Company's shares were listed on the Taiwan Stock Exchange (TWSE).

The consolidated financial statements were included Compeq manufacturing Co., Ltd. and its subsidiaries collectively as the “Company” are described in Note 4.

2. APPROVAL OF FINANCIAL STATEMENTS

The consolidated financial statements were approved by the board of directors and authorized for issue on March 5, 2026.

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”) Accounting Standards that came into effect as endorsed by the Financial Supervisory Commission (“FSC”)

New standards, interpretations and amendments endorsed by FSC and became effective from 2025 are as follows:

Reporting Standards (“IFRS”) Accounting Standards that came into the Financial Supervisory Commission (“FSC”) New standards, interpretations and amendments endorsed by FSC from 2025 are as follows:	effect as endorsed by and became effective
New Standards,Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IAS 21, ”Lack of exchangeability’’	January 1, 2025

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

(2) Effect of new issuances of or amendments to IFRS Accounting Standards as endorsed by the FSC but not yet adopted by the Company

New standards, interpretations and amendments endorsed by the FSC effective from 2026 are as follows:

are as follows:
New Standards,Interpretations and Amendments	Effective date by International Accounting Standards Board
Specific provisions of Amendments to IFRS 9 and IFRS 7, ”Amendments to the classification and measurement of financial instruments’’ Amendments to IFRS 9 and IFRS 7, ”Contracts referencing nature- dependent electricity” IFRS 17, ”Insurance contracts” Amendments to IFRS 17, ”Insurance contracts” Amendment to IFRS 17, ”Initial application of IFRS 17 and IFRS 9– comparative information” Annual Improvements to IFRS Accounting standards－Volume 11	January 1, 2026 January 1, 2026 January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2026

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

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(3) IFRS Accounting Standards issued by IASB but not yet endorsed by the FSC

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

IFRS Accounting Standards as 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 18, ”Presentation and disclosures in financial statements” IFRS 19, ”Subsidiaries without public accountability: disclosures” Amendment to IAS 21, “Translation to a Hyperinflationary Presentation Currency”	To be determined by International Accounting Standards Board January 1, 2027 January 1, 2027 January 1, 2027

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

IFRS 18, ”Presentation and disclosure in financial statements”

IFRS 18, ”Presentation and disclosure in financial statements” replaces IAS 1. The standard introduces a defined structure of the statement of profit or loss, disclosure requirements related to management defined performance measures, and enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes.

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(1) Statement of compliance

The consolidated financial statements have been prepared in accordance with the Guidelines Governing the Preparation of Financial Reports by Securities Issuers, IFRSs, IASs, Interpretations as well as related guidance translated by the ARDF endorsed by the FSC with the effective dates (collectively, “IFRSs”).

(2) Basis of Preparation

The consolidated financial statements have been prepared on the historical cost basis except for financial instruments that are measured at fair value, and defined benefit assets and liabilities recognized based on the net amount of pension fund assets less present value of defined benefit obligation. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

(3) Basis of Consolidation

A. The basis for the consolidated financial statements

The consolidated financial statements incorporated the financial statements of Compeq Manufacturing Co., Ltd. and its controlled entities (the subsidiaries). Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

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Income and expenses of subsidiaries acquired or disposed of are included in the consolidated statement of comprehensive income from the effective date of acquisition and up to the effective date of disposal, as appropriate.

When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the Company.

All intra-company transactions, balances, income and expenses are eliminated in full on consolidation.

Total comprehensive income of subsidiaries is attributed to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

Changes in a parent’s ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary are accounted for as equity transactions. The carrying amounts of the Company interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to shareholders of the Corporation.

B. The Subsidiaries in the consolidated financial statements:

Name of Investor	Name of Investee	Main Businesses and Products	Establishment and Operating Location
Compeq Manufacturing Co., Ltd. Compeq Manufacturing Co., Ltd. Compeq Manufacturing Co., Ltd. Compeq Manufacturing Co., Ltd. Compeq Manufacturing Co., Ltd. Huaton Holdings Limited Huaton Holdings Limited Huaton Holdings Limited Huaton Holdings Limited Compeq Technology (Huizhou) Co., Ltd. Compeq Technology (Huizhou) Co., Ltd. Compeq Technology (Huizhou) Co., Ltd. Compeq Technology (Huizhou) Co., Ltd.	Huaton Holdings Limited Pelican Cove Investment Ltd. Liton Holdings Ltd. Hua Nian Investment Ltd. COMPEQ (Thailand) Co., Ltd. Compeq Manufacturing (Huizhou) Co., Ltd. Compeq Technology (Huizhou) Co., Ltd. Compeq Manufacturing (Chongqing) Co., Ltd. Hong Kong Huaton Holdings Trading Company Limited Hong Kong Compeq Huizhou Trading Company Limited Compeq Manufacturing (Suzhou) Co., Ltd. Huabo Technology (Huizhou) Co., Ltd. COMPEQ Technology (Thailand) Co., Ltd.	Investment Trading Investment Investment PCB manufacturing and sales PCB manufacturing and sales PCB manufacturing and sales PCB manufacturing and sales Trading Trading PCB manufacturing and sales Electronic manufacturing, Outsourcing processing, Plant lease, Property management and equipment leasing and electronic technology management and technical consulting PCB manufacturing and sales	British Virgin Islands Samoa British Virgin Islands Taiwan Thailand China China China Hong Kong Hong Kong China China Thailand

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Percentage of Ownership

Name of Investee	December 31,2025	December 31,2024 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ － Note 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％
Huaton Holdings Limited Pelican Cove Investment Ltd. Liton Holdings Ltd. COMPEQ (Thailand) Co., Ltd. Hua Nian Investment Ltd COMPEQ Technology (Thailand) Co., Ltd. Compeq Manufacturing (Huizhou) Co., Ltd. Compeq Manufacturing (Suzhou) Co., Ltd. Compeq Technology (Huizhou) Co., Ltd. Hong Kong Compeq Huizhou Trading Company Limited Compeq Manufacturing (Chongqing) Co., Ltd. Hong Kong Huaton Holdings Trading Company Limited Huabo Technology (Huizhou) Co., Ltd.	100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％ 100.00％

• Note : To meet operational requirements, the Company’s subsidiary, Compeq (Thailand) Co., Ltd., resolved at its Board of Directors’ meeting on March 18, 2025 to establish a wholly owned subsidiary, Compeq Technology (Thailand) Co., Ltd. The establishment was approved by the relevant Thai authorities on March 24, 2025. The registered capital amounted to THB 3,000,000 thousand. Capital contributions were made on April 2, April 8, and July 11, 2025, in the amounts of THB 698,625 thousand, THB 56,995 thousand, and THB 301,357 thousand, respectively.

In August 2025, the equity interest in COMPEQ Technology (Thailand) Co., Ltd. was transferred to Compeq Technology (Huizhou) Co., Ltd. and the related procedures were duly completed.

• C. Subsidiaries excluded from consolidated financial statement: None.

• D. The consolidated financial statements were prepared based on the financial statements of the subsidiaries for the same period, which have been audited by independent auditors.

(4) Current and Non-current Assets and Liabilities

Current assets are assets held for trading purposes and assets expected to be converted to cash, sold or consumed within one year from the end of the reporting period. Current liabilities are obligations incurred for trading purposes and obligations expected to be settled within one year from the end of the reporting period. Assets and liabilities that are not classified as current are non-current assets and liabilities, respectively.

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(5) Foreign Currencies

In preparing the financial statements of each individual consolidated entity, transactions in currencies other than the entity’s functional currency (foreign currencies) are recognized at the rates of exchange prevailing at the dates of the transactions.

At each balance sheet date, monetary items denominated in foreign currencies are retranslated at the closing rates. All exchange differences arising on the settlement of monetary items or on translating monetary items are taken to profit or loss in the period in which they arise except for the following:

• A. Exchange differences arising from foreign currency borrowings for an acquisition of a qualifying asset to the extent that they are regarded as an adjustment to interest costs are included in the borrowing costs that are eligible for capitalization.

• B. Exchange differences on monetary items arising from settlement or translation are recognized in profit or loss in the period in which they arise, except for exchange differences on transactions entered into in order to hedge certain foreign-currency risks.

• C. For the items of currency receivable from or payable to foreign business operating institute, if there is no plan for liquidation or the liquidation is impossible to occur in the foreseeable future. Exchange differences arising on a monetary item that is part of a reporting entity’s net investment in a foreign operation are recognized initially in other comprehensive income and reclassified from equity to profit or loss upon disposal of such investment.

Non-monetary items measured at fair value that are denominated in foreign currencies are retranslated at the rates prevailing at the date when the fair value was determined. Exchange differences arising on the retranslation of non-monetary items are recognized in profit or loss for the year except for exchange difference arising from the retranslation of nonmonetary items in respect of which gains and losses are recognized directly in other comprehensive income, in which case, the exchange differences are also recognized directly in other comprehensive income.

Non-monetary items that are measured at historical cost in a foreign currency are not retranslated.

For the purposes of presenting consolidated financial statements, the assets and liabilities of the consolidated company’ foreign operations (including of the subsidiaries, associates and joint ventures operating in other countries or using currencies different from the Company’s) are translated into New Taiwan dollars using exchange rates prevailing at each balance sheet date. Income and expense items are translated at the average exchange rates for the period. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in equity.

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(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. Including time deposits and repurchase agreements collateralized by corporate bonds. Time deposits that meet the definition above and are held for the purpose of meeting shortterm cash commitments in operation are classified as cash equivalents.

(7) Financial Instruments

Financial assets and financial liabilities are recognized when the consolidated company become a party to the contractual provisions of the instruments.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition.

Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognized immediately in profit or loss. For the determination of fair value, please refer to Note 12.

A. Financial assets

All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or Convention in the marketplace.

• a. Measurement category

Financial assets are classified into the following categories: financial assets at FVTPL, equity instruments at FVTOCI and financial assets at amortized cost.

• A) Financial asset at FVTPL

For certain financial assets which include debt instruments that do not meet the criteria of amortized cost or FVTOCI, it is mandatorily required to measure them at FVTPL. Any gain or loss arising from remeasurement is recognized in profit or loss. The net gain or loss recognized in profit or loss incorporates any interest earned on the financial asset.

B) Investments in equity instruments at FVTOCI

On initial recognition, the Company may irrevocably designate investments in equity investments that is not held for trading as at FVTOCI.

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Investments in equity instruments at FVTOCI are subsequently measured at fair value with gains and losses arising from changes in fair value recognized in other comprehensive income and accumulated in other equity.

Dividends on these investments in equity instruments at FVTOCI are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the Company’s rights clearly represent a recovery of part of the cost of the investment.

• C) Measured at amortized cost

When the company invest in financial assets simultaneously meets the following two conditions, the financial assets are classified as the ones carried at cost after amortization:

• a) The financial assets are held under a specific operation mode, in which the purpose of the mode is to hold the financial assets in order to collect contract cash flows.

• b) The cash flow generated on a specific date due to contract clauses is completely for the payment of the principal and the interest accrued from the outstanding principal amount.

Cash and cash equivalents, notes and accounts receivable, other receivables and refundable deposits are measured at amortized cost. Subsequent to initial recognition, financial assets measured at amortized cost are measured at amortized cost, which equals to carrying amount determined by the effective interest method less any impairment loss. Foreign exchange gains and losses are recognized in profit or loss.

• b. Impairment of financial assets

At the end of each reporting period, a loss allowance for expected credit loss is recognized for financial assets at amortized cost (including accounts receivable).

The loss allowance for accounts receivable is measured at an amount equal to lifetime expected credit losses. For financial assets at amortized cost, when the credit risk on the financial instrument has not increased significantly since initial recognition, a loss allowance is recognized at an amount equal to expected credit loss resulting from possible default events of a financial instrument within 12 months after the reporting date. If, on the other hand, there has been a significant increase in credit risk since initial recognition, a loss allowance is recognized at an amount equal to expected credit loss resulting from all possible default events over the expected life of a financial instrument.

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The expected credit loss is calculated according to the average weighted credit loss in which the risk rated ratio of default occurrence is used in calculation. The 12-month expected credit loss represents the credit loss expected to occur to the financial instruments within 12 months after their reporting day due to possible default. The expected credit loss in the duration period refers to the credit loss expected to occur to the financial instruments in the expected duration period due to possible default.

The Company recognizes an impairment loss in profit or loss for all financial instruments with a corresponding adjustment to their carrying amount through a loss allowance account.

• c. Derecognition of financial assets

The Consolidated Company derecognize a financial asset only when the contractual rights to the cash flows from the asset expire, or when they transfer the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. On derecognition of a financial asset in its entirety, the difference between the asset’s carrying amount and the sum of the consideration received and receivable and the cumulative gain or loss that had been recognized in other comprehensive income and accumulated in equity is recognized in profit or loss.

• B. Equity instruments

Debt and equity instruments issued by a group entity are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.

Equity instruments issued by a group entity are recognized at the proceeds received, net of direct issue costs.

Repurchase of the Company’s own equity instruments is recognized and deducted directly in equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Company’s own equity instruments.

• C. Financial liabilities

• a. Subsequent measurement

Financial liabilities other than those held for trading purposes and designated as at FVTPL are subsequently measured at amortized cost at the end of each reporting period.

Financial liabilities measured at FVTPL are derivative financial instruments that do not meet the criteria for hedge accounting, and they are stated at fair value, with any gains or losses arising on remeasurement recognized in profit or loss. Related net profits or net losses are listed in “other profits and losses” of the statement of comprehensive income.

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• b. Derecognition of financial liabilities

The Consolidated Company derecognizes financial liabilities only when the obligations are discharged cancelled or expires. The difference between the carrying amount of a financial liability removed and the consideration paid (including any noncash assets transferred or liabilities assumed) is recognized in profit or loss.

• c. 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 recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously.

D. Derivative financial instruments

The Consolidated Company enters into a variety of derivative financial instruments to manage its exposure to foreign exchange rate risks, including foreign exchange forward contracts.

Derivatives are initially recognized at fair value at the date the derivative contracts are entered into and are subsequently remeasured to their fair value at the end of each reporting period. The resulting gain or loss is recognized in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship. When the fair value of derivative financial instruments is positive, the derivative is recognized as a financial asset; when the fair value of derivative financial instruments is negative, the derivative is recognized as a financial liability.

(8) Inventories

Inventories are included supplies, raw materials, work in process and Finished goods. Inventories are stated at the lower of cost or net realizable value. Inventories are recorded at weighted-average cost. Net realizable value is the estimated selling price of inventories less all estimated costs of completion and costs necessary to make the sale.

(9) Property, Plant, and Equipment

Property, plant and equipment are stated at cost, less subsequent accumulated depreciation and subsequent accumulated impairment loss.

Properties under construction for production, supply or administrative purposes are carried at cost, less any recognized impairment loss. Cost includes professional fees and borrowing costs eligible for capitalization.

These properties are depreciated and classified to the appropriate categories of property, plant and equipment when completed and ready for intended use.

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Depreciation is recognized using the straight-line method. Each significant item is depreciated separately. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognized in profit or loss.

Depreciation is computed by the straight-line method over the estimated useful lives. The estimated useful lives are as follows:

Buildings: 5-35 years; machinery and equipment: 6-10 years; computer equipment: 3-8 years; testing equipment: 5-8 years; pollution-prevention equipment: 3-10 years; transportation equipment: 5-10 years; furniture and fixtures: 5-8 years; other equipment: 5- 15 years.

(10) Leases

The Company as lessee

The Company recognizes right-of-use assets and lease liabilities for all leases at the commencement date of a lease, except for short-term leases and low-value asset leases accounted for applying a recognition exemption where lease payments are recognized as expenses on a straight-line basis over the lease terms.

Right-of-use assets are initially measured at cost, which comprises the initial measurement of lease liabilities adjusted for lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs needed to restore the underlying assets, and less any lease incentive received. Right-of-use assets are subsequently measured as cost less accumulated depreciation and impairment losses and adjusted for any remeasurement of the lease liabilities. Right-of-use assets are presented on a separate line in the consolidated balance sheets.

Right-of-use assets are depreciated using the straight-line method from the commencement dates to the earlier of the end of the useful lives of the right-of-use assets or the end of the lease terms.

Lease liabilities are initially measured at the present value of the lease payments. The lease payments are discounted using the interest rate implicit in a lease, if that rate can be readily determined. If that rate cannot be readily determined, the Company uses the lessee’s incremental borrowing rate.

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Lease liabilities are measured at amortized cost using the effective interest method, with interest expense recognized over the lease terms. When there is a change in a lease term or a change in future lease payments resulting from a change in expected paid amount under the residual value guarantee, a change in the assessment of an option to purchase an underlying asset, or a change in an index or a rate used determine to those payments, the Company remeasures the lease liabilities with a corresponding adjustment to the right-of-use-assets. If the carrying amount of the right-of-use assets has been reduced to zero, the remaining amount will be recognized in profit or loss. Lease liabilities are presented on a separate line in the consolidated balance sheets.

Variable lease payments that do not depend on an index or a rate are recognized as expenses in the periods in which they are incurred.

(11) Intangible Assets

Intangible assets with finite useful lives that are acquired separately are initially measured at cost and subsequently measured at cost less accumulated amortization and accumulated impairment loss. Amortization is recognized on a straight-line basis. The estimated useful life, residual value, and amortization method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. The residual value of an intangible asset with a finite useful life is assumed to be zero unless the Group expects to dispose of the intangible asset before the end of its economic life.

Gains or losses arising from the derecognition of an intangible asset, measured as the difference between the net disposal proceeds and the carrying amount of the asset, are recognized in profit or loss when the asset is derecognized.

(12) Impairment of Non-financial Assets

At each balance sheet date, the Consolidated Company review the carrying amounts of their tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. When it is not possible to estimate the recoverable amount of an individual asset, the Consolidated Company estimate the recoverable amount of the cash-generating unit to which the asset belongs. When amortization can be reasonably and consistently made, common assets can also be amortized to individual cash production units. Otherwise, the amortization shall be made to the minimum cash production unit group in a reasonable and consistent way. Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment at least annually, and whenever there is an indication that the asset may be impaired.

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Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset or cash-generating unit is estimated to be less than its carrying amount, the carrying amount of the asset or cash-generating unit is reduced to its recoverable amount. An impairment loss is recognized in profit or loss.

When an impairment loss subsequently is reversed, the carrying amount of the asset or cashgenerating unit is increased to the revised estimate of its recoverable amount, but only to the extent of the carrying amount that would have been determined had no impairment loss been recognized for the asset or cash-generating unit in prior years. A reversal of an impairment loss is recognized immediately in profit or loss.

(13) Provision

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

The present obligation arising from any onerous contracts shall be listed and measured as a liability reserve. When the unavoidable cost required for obligation fulfillment of a signed contract exceeds the economic effect expected to gain from the contract, the contract shall be referred to as an onerous contract.

The provision for carbon fee liabilities recognized in accordance with the relevant regulations, including the Carbon Fee Collection Regulations, is measured based on the best estimate of the expenditure required to settle the obligation for the current reporting period.

(14) Revenue recognition

When applying IFRS 15, the Company shall recognize revenue by applying the following steps:

• (a) Identify the contract with the customer;

• (b) Identify the performance obligations in the contract;

• (c) Determine the transaction price;

• (d) Allocate the transaction price to the performance obligations in the contract; and

• (e) Recognize revenue when the entity satisfies a performance obligation. Sales of goods

Revenue is recognized when the goods committed by the Company are transferred to the customer to fulfill the contract performance obligation, i.e. the revenue is recognized when the customer acquires the control right of the goods, in which the net amount of the contract price deducting estimated sales allowance is set aside and recognized. The revenue recognition amount is limited to the part where material reversal is very unlikely to occur, and the estimation is renewed at each balance sheet day. The allowance for sales discounts of the sales related estimates as of the balance sheet date is listed as the refund liabilities.

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(15) Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets are added to the cost of these assets, until the assets are substantially ready for their intended use or sale.

If a specific loan is used for temporary investment before being applied to the capital expenditure meeting required elements and therefore earns the investment income, it shall be deducted from the loan cost meeting the terms of capitalization.

All other borrowing costs are recognized in profit or loss in the period in which they are incurred.

(16) Employee Benefits

• A. Short-term employee benefits

Liabilities recognized in respect of short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in exchange for service rendered by employees.

B. Retirement benefits

For defined contribution retirement benefit plans, payments to the benefit plan are recognized as an expense when the employees have rendered service entitling them to the contribution. For defined benefit retirement benefit plans, the cost of providing benefit is recognized based on actuarial calculations.

Defined benefit costs (including service cost, net interest and remeasurement) under the defined benefit retirement benefit plans are determined using the Projected Unit Credit Method. Service cost (including current service cost), and net interest on the net defined benefit liability (asset) are recognized as employee benefits expense in the period they occur. Remeasurement, comprising actuarial gains and losses and the return on plan assets (excluding interest), is recognized in other comprehensive income in the period in which they occur. Remeasurement recognized in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to profit or loss. Net defined benefit liability represents the actual deficit in the Company’s defined benefit plan. Any surplus resulting from this calculation is limited to the present value of any refunds from the plans or reductions in future contributions to the plans.

(17) Taxation

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

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A. Current tax

Adjustments of prior years’ tax liabilities are added to or deducted from the current year’s tax provision.

Income tax on unappropriated earnings (excluding earnings from foreign consolidated subsidiaries) is expensed in the year the shareholders approved the appropriation of earnings which is the year subsequent to the year the earnings are generated.

B. Deferred tax

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences, net operating loss carryforwards and unused tax credits to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilized.

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

Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries and associates, and interests in joint ventures, except where the Company is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments are only recognized to the extent that it is probable that there will be sufficient taxable profits against which to utilize the benefits of the temporary differences and they are expected to reverse in the foreseeable future.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the deferred tax asset to be recovered. The deferred tax assets which originally not recognized is also reviewed at the end of each reporting period and recognized to the extent that it is probable that sufficient taxable profits will be available to allow all or part of the deferred tax asset to be recovered.

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Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the year in which the liability is settled or the asset is realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

• C. Current and deferred tax for the year

Current and deferred tax are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognized in other comprehensive income or directly in equity respectively. Where current tax or deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination.

5. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION

UNCERTAINTY

In the application of the Company’s accounting policies, which are described in Note 4, the Company is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the year in which the estimate is revised if the revision affects only that year, or in the year of the revision and future years if the revision affects both current and future years.

The following are the critical judgments, apart from those involving estimations, that the Company has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognized in the consolidated financial statements.

(1) Estimated impairment of Financial assets

The estimation of allowance for doubtful accounts is based on the Company's assumptions regarding default rates and expected loss rates. The Company considers historical experience, current market conditions, and forward-looking information to form these assumptions and selects input values for the impairment assessment. If the actual future cash flows are less than expected, material impairment losses may arise.

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(2) Valuation of Inventory

Inventories are stated at the lower of cost or net realizable value, and the Company use judgment and estimate to determine the net realizable value of inventory at the end of each

reporting period.

Due to the rapid industrial changes, the Company estimates the net realizable value of inventory for obsolescence and unmarketable items at the end of reporting period and then writes down the cost of inventories to net realizable value. The net realizable value of the inventory is mainly determined based on assumptions of future demand within a specific time horizon.

6. CONTENTS OF SIGNIFICANT ACCOUNTS

(1) CASH AND CASH EQUIVALENTS

Cash on hand Demand deposits and checking accounts Cash equivalent Time deposits Repurchase agreements of bonds Total	December 31, 2025 $ 11,544 3,929,063 6,826,207 742,141 $ 11,508,955	December 31, 2024
		$ 9,385 4,900,333 4,940,540 1,302,066
		$ 11,152,324

• (A) The bank deposits and bonds interest rate as of December 31, 2025 and 2024 were as follows:

Demand deposits Time deposits Repurchase agreements of bonds	December 31, 2025 0.000％～3.700％ 0.300％～4.120％ 1.430％～4.000％	December 31, 2024
		0.000％～4.900％ 0.800％～5.036％ 1.400％～4.880％

(B) The Company’s bank time deposit certificates which are three months past the initial due dates are listed under the item of other financial assets-current. Please refer to Note 6(5).

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• (2) FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS

• (A) Financial assets mandatorily measured at FVTPL-current

Derivative financial instruments Forward exchange contracts Non-derivative financial instruments Publicly traded stocks Emerging stocks Non-Publicly traded stocks Subtotal Total	December 31, 2025 $ 723 35,524 4,930 13,431 53,885 $ 54,608	December 31, 2024
		$ －
		116,441 50,440 19,527
		186,408
		$ 186,408

• (a) For the years ended December 31, 2025 and 2024, the main purpose for the Consolidated Company to engage in forward exchange contracts transactions is to evade the risk resulting from the fluctuation of currency exchange rate. However, those derivative assets and liabilities did not meet the criteria of hedge effectiveness and therefore were not accounted for by using hedge accounting.

• (b) The contracts resulted in net gain of $7,243 thousand in 2025 and $39,380 thousand in 2024, respectively.

• (c) The outstanding forward foreign exchange contracts are as follows:

December 31, 2025 Currency Maturity Sell USD/CNY December 26, 2025 to January 29, 2026 NOTES AND ACCOUNTS RECEIVABLE-NET December 31, 2025 Notes receivable $ 166,727 Accounts receivable-non-related parties 18,507,789 Less: Loss allowance (132,479) Net $ 18,375,310	December 31, 2025	Currency	Maturity	Contract Amount (in thousand)
				USD 8,000 December 31, 2024
Notes receivable Accounts receivable-non-related parties Less: Loss allowance Net
				$ 99,423
				17,174,624 (116,105)
				$ 17,058,519

(3) NOTES AND ACCOUNTS RECEIVABLE- NET

• (A) The Company’s notes receivable is all undue.

• (B) The Company does not hold any collateral for its notes receivable. For information on account receivable pledged as collateral for borrowings, please refer to Note 8.

30

• (C) The Company lists the estimated allowance for sales discounts is listed as the refund liabilities. As of December 31, 2025 and 2024, the balance of the refund liabilities were $1,468,770 thousand and $939,361 thousand (listed as other current liabilities), respectively.

• (D) The aging analysis of accounts receivable with expected credit losses were determined as follows:

• (a) December 31, 2025

December 31, 2025
Non past due Past due less than 30 days Past due 31-100 days Past due 101-180 days Past due 181-365 days Total December 31, 2024 Non past due Past due less than 30 days Past due 31-100 days Past due 101-180 days Past due 181-365 days Total	Carrying amount of accounts receivable	Expected credit loss rate	Loss allowance for lifetime expected credit losses
	$ 18,404,683 88,447 13,874 631 154	0％～10％ 0％～10％ 0％～10％ 50％～60％ 100％ Expected credit loss rate	$ 129,191 2,512 288 334 154
	$ 18,507,789		$ 132,479
	Carrying amount of accounts receivable		Loss allowance for lifetime expected credit losses
	$ 17,084,248 73,153 17,180 43 －	0％～10％ 0％～10％ 0％～10％ 50％～60％ 100％	$ 102,374 6,419 7,290 22 －
	$ 17,174,624		$ 116,105

• (b) December 31, 2024

The above aging schedule was based on the past due date.

(E) Movements of the allowance for doubtful accounts were as follows:

Balance, beginning of year Provision (Reversal) Amount written off Effect of exchange rate changes Balance, end of year	For the Year Ended December 31	For the Year Ended December 31
	2025 $ 116,105 16,494 － (120) $ 132,479	2024
		$ 144,074 (28,975) (1,317) 2,323
		$ 116,105

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(4) INVENTORIES

INVENTORIES
Raw materials Supplies Work in process Finished goods Goods Total	December 31, 2025 $ 2,130,986 471,795 4,237,161 4,683,159 － $ 11,523,101	December 31, 2024
		$ 1,644,288 330,312 3,545,492 2,932,271 1,565
		$ 8,453,928

(A) As of December 31, 2025 and 2024, the allowance for inventory devaluation (including normal and idle products) were $1,855,457 thousand and $1,711,148 thousand, respectively.

• (B) The cost of inventories recognized as cost of sales for the years ended December 31, 2025 and 2024 were as follows:

2025 and 2024 were as follows:
The cost of goods sold Provision for (Reversal of) loss on inventories Loss on scrapped inventories Income from scrap sales Unamortized fixed manufacturing cost Total	For the Year Ended December 31
	2025 $ 62,930,112 (89,921) 457,508 (1,546,553) 121,948 $ 61,873,094	2024
		$ 61,983,170 (99,390) 259,180 (1,389,539) 118,197
		$ 60,871,618

The reversal of loss on inventories in 2025 and 2024 was due to a better product structure.

(5) OTHER FINANCIAL ASSETS-CURRENT

	December 31, 2025	December 31, 2024
Non-cash equivalent of time deposits	$ 7,797,132	$ 8,046,117
Restricted time deposits	10,477	10,319
Total	$ 7,807,609	$ 8,056,436
The interest rate interval of the balance sheet date of the financial assets were as follows:
	December 31, 2025	December 31, 2024
Interest rate interval	0.500％～4.610％	1.000％～5.340％

Detail of the other current-financial assets to others as collateral, please refer to Note 8.

32

(6) FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE

INCOME-NON-CURRENT

INCOME-NON-CURRENT
Equity instruments Non-Publicly traded stocks Foreign unlisted stocks Total	December 31, 2025 $ 126,664 － $ 126,664	December 31, 2024
		$ － 11,097
		$ 11,097

These investments in equity instruments are held for medium- to long-term strategic purposes, and the Company expects to realize returns through long-term investment. Accordingly, management has elected to designate these investments at fair value through other comprehensive income (FVTOCI), as recognizing short-term fluctuations in their fair value in profit or loss would not be consistent with the Company’s long-term investment strategy.

(7) PROPERTY, PLANT AND EQUIPMENT

Item		For the Year Ended December 31, 2025	For the Year Ended December 31, 2025	For the Year Ended December 31, 2025
	Balance, Beginning of year	Additions (Decrease)	Disposals	Effect of Exchange Rate changes	Balance, End of year
	$ 1,625,594 20,249,905 45,908,005 127,897 2,769,002 648,486 78,073 211,245 11,189,619 4,074,970	$ 75,095 1,960,825 4,832,196 88,888 174,862 6,790 8,302 11,824 881,733 (1,718,291)	$ － (341,199) (1,337,000) (15,190) (173,596) (3,821) (8,295) (7,194) (277,563) (25,310)	$ 41,130 (157,618) (438,623) 2,056 (13,113) － (214) (2,445) (105,175) (5,055)	$ 1,741,819 21,711,913 48,964,578 203,651 2,757,155 651,455 77,866 213,430 11,688,614 2,326,314
	$ 86,882,796	$ 6,322,224	$ (2,189,168)	$ (679,057)	$ 90,336,795
		$ 1,163,667 3,216,907 25,742 256,944 25,181 5,052 12,373 917,347	$ (306,883) (1,262,847) (14,706) (159,972) (3,447) (7,137) (6,676) (257,054)	$ (121,137) (304,165) 622 (10,283) － (176) (2,182) (67,506)	$ 11,199,073 29,705,049 118,456 1,933,553 561,450 55,563 177,589 8,955,288
Buildings and structures Machinery and equipment Computer equipment Testing equipment Pollution prevention equipment Transportation equipment Office equipment Other facilities Total Net
	49,606,357	$ 5,623,213	$ (2,018,722)	$ (504,827)	52,706,021
	$ 37,276,439				$ 37,630,774

33

Item		For the Year Ended December 31, 2024	For the Year Ended December 31, 2024	For the Year Ended December 31, 2024
	Balance, Beginning of year	Additions (Decrease)	Disposals	Effect of Exchange Rate changes	Balance, End of year
	$ 1,565,992 18,220,990 44,096,356 131,680 2,752,690 650,147 66,473 200,103 10,293,804 1,556,434	$ － 1,637,648 1,304,110 6,950 144,453 (143) 10,567 11,626 749,430 2,334,440	$ － (369,226) (1,032,945) (11,815) (171,060) (1,518) (40) (8,247) (126,485) (1,903)	$ 59,602 760,493 1,540,484 1,082 42,919 － 1,073 7,763 272,870 185,999	$ 1,625,594 20,249,905 45,908,005 127,897 2,769,002 648,486 78,073 211,245 11,189,619 4,074,970
	$ 79,534,669	$ 6,199,081	$ (1,723,239)	$ 2,872,285	$ 86,882,796
		$ 1,140,729 3,301,940 7,441 253,918 27,768 5,033 12,234 879,326	$ (300,780) (974,711) (11,355) (145,801) (1,474) (36) (7,680) (116,666)	$ 323,681 824,176 681 32,762 － 650 6,074 177,882	$ 10,463,426 28,055,154 106,798 1,846,864 539,716 57,824 174,074 8,362,501
Buildings and structures Machinery and equipment Computer equipment Testing equipment Pollution prevention equipment Transportation equipment Office equipment Other facilities Total Net
	44,170,565	$ 5,628,389	$ (1,558,503)	$ 1,365,906	49,606,357
	$ 35,364,104				$ 37,276,439

(A) The significant part of the Company’s buildings includes main plants and affiliated equipment and the related depreciation is calculated using the estimated useful lives of 20 to 35 years, and 5 to 30 years, respectively.

(B) As of December 31, 2025 and 2024, the Company mortgaged or pledged property, plant and equipment, please refer to Note 8.

(8) LEASE

(A) Right-of-use assets

Right-of-use assets
Carrying amounts Land (Including land use right) Buildings and structures Transportation equipment Total	December 31, 2025 $ 209,225 176,768 12,168 $ 398,161	December 31, 2024
		$ 224,523 183,805 14,135
		$ 422,463

34

For the Year Ended December 31

Depreciation of right-of-use assets Land (Including land use right) Buildings and structures Transportation equipment Total	For the Year Ende	d December 31
	2025 $ 11,003 64,330 9,934 $ 85,267	2024
		$ 11,638 63,189 11,732
		$ 86,559

For the year ended December 31, 2025 and 2024, the addition to right-of-use assets were $67,163 thousand and $75,578 thousand, respectively.

(B) Lease liabilities

Lease liabilities
Carrying amounts Lease liabilities-current Lease liabilities-non-current Total Ranges of discount rate for lease liabilities	December 31, 2025 $ 61,522 114,759 $ 176,281 1.335％～6.890％	December 31, 2024
		$ 62,668 124,955
		$ 187,623
		1.335％～6.890％

(C) Material lease-in activities and terms

The Company leases land for manufactured goods in mainland China with lease terms of 50 years. Upon signing of the lease the amount has been paid in full. The Company does not have purchase options to acquire the lease hold land at the end of the lease terms.

(D) Other lease information

(D) Other lease information	Other lease information	Other lease information
Items affecting profit or loss Interest expense on lease liabilities Expenses relating to short-term and low-value assets leases Total cash outflow for lease INTANGIBLE ASSETS Item Balance, Beginning of year Cost Software and system cost $ 521,165 Accumulated amortization Software and system cost 194,437 Net $ 326,728	Items affecting profit or loss			For the Year Ended December 31
				2025 2024 $ 4,781 $ 4,992 $ 83,850 $ 118,435 $ 165,310 $ 196,924 For the Year Ended December 31, 2025			2024
							$	4,992
							$	118,435
							$	196,924
		Balance, Beginning of year	Additions		Disposals	Effect of Exchange Rate changes		Balance, End of year
Cost Software and system cost Accumulated amortization Software and system cost Net		$ 521,165 194,437	$ 106,468 109,007		$ (74,397) (74,397)	$ (9,777) (2,523)		$ 543,459 226,524
		$ 326,728	$ (2,539)		$ －	$ (7,254)		$ 316,935

(9) INTANGIBLE ASSETS

35

For the Year Ended December 31, 2024

Item	Balance, Beginning of year	Additions	Disposals	Effect of Exchange Rate changes	Balance, End of year
Cost Software and system cost Accumulated amortization Software and system cost Net	$ 422,747 150,718	$ 139,374 98,952	$ (64,215) (64,215)	$ 23,259 8,982	$ 521,165 194,437
	$ 272,029	$ 40,422	$ －	$ 14,277	$ 326,728

Details of amortization on intangible assets are as follows:

For the Year Ended December 31

(10) (11)	2025 Operating costs $ 70,819 Operating expenses 38,188 Total $ 109,007 SHORT-TERM BORROWINGS December 31, 2025 Unsecured borrowings $ 1,233,768 Interest rate range 1.250％～3.918％ NOTES PAYABLE AND ACCOUNTS PAYABLE December 31, 2025 Notes payable $ 3,043,513 Account payable 14,877,373 Total $ 17,920,886	2024
		$ 66,069 32,883
		$ 98,952
		December 31, 2024
		$ 1,514,110
		1.600％～4.653％
		December 31, 2024
	Notes payable Account payable Total
		$ 2,364,846 12,924,677
		$ 15,289,523

(A) The average credit purchase period of payables is 60 to 120 days. The Company has set up its financial risk management policy, so as to ensure that all the payables could be liquidated within the agreed credit period.

• (B) For the disclosure of the Company’s payables exposing currency and liquidity risks and other payables, please refer to Note 12.

36

(12) OTHER PAYABLES

OTHER PAYABLES
Machinery and Equipment payable Employee Bonus payable Salary and wages payable Annual bonuses payable Commissions payable Processing payable Maintenance payable Utilities payable Interest payable Compensated absences Freight charge payable Meal payable Other payable Total	December 31,2025 $ 1,542,892 150,135 1,293,612 1,056,836 40,637 854,793 761,366 202,911 20,724 131,000 168,463 103,600 853,851 $ 7,180,820	December 31,2024
		$ 1,679,536 140,393 1,209,831 1,348,239 30,091 804,900 734,597 118,322 25,279 123,674 166,649 102,168 824,417
		$ 7,308,096

(13) PROVISIONS- CURRENT

PROVISIONS-CURRENT
Balance, beginning of the year Recognized (Reversed) Effect of exchange rate changes Balance, end of the period Balance, beginning of the year Recognized (Reversed) Effect of exchange rate changes Balance, end of the period		For the Year Ended			December 31,2025
		Other	Onerous contracts		Carbon fee		Total
		$ 187,436 4,954 (3,226)	$ 64,468 16,186 (210)		$ － 7,050 －		$ 251,904 28,190 (3,436)
		$ 189,164	$ 80,444		$ 7,050		$ 276,658
		For
		Other		Onerous contracts		Total
		$ 194,032 (12,069) 5,473		$ 29,087 33,682 1,699		$ 223,119 21,613 7,172
		$ 187,436		$ 64,468		$ 251,904

• (A) Other liability reserves refer to the estimation and recognized at the time of sales and are reserve which is written off when the expense is incurred.

• (B) The onerous contract loss reserve refers the loss on onerous contracts recognized due to the fulfillment cost of signed contracts exceeding expected economic effect. The estimation is written off when a contract is fulfilled.

• (C) As of December 31, 2025, the Company’s voluntary carbon reduction plan had received preliminary approval from the competent authority. Therefore, a provision for carbon fees has been recognized at the standard carbon fee rate and will be reversed when settled.

• (D) Given that the aforesaid reserve was prepared for the short run or for discount and the impact was not significant, they were not discounted.

37

(14) LONG-TERM BORROWINGS

Creditors	No. Description Unsecured borrowings 1 〃 1 〃 2 〃 1 〃 1 〃 1 〃 1 〃 2 〃 1 〃 1 〃 1 〃 3 〃 1 〃 1 〃 4 〃 1 〃 1 〃 4 〃 1 〃 1 〃 3 〃 5 〃 6 〃 11 〃 7 〃 6 〃 8 〃 9 〃 10 〃 10 〃 6 〃 5 〃 10 〃 12 〃 13 〃 14 〃 15 〃 16 〃 15 〃 15 〃 17 〃 17 〃 18 〃 15 〃 19 〃 12 〃 15 〃 15 〃 14 〃 19 〃 20	December 31, 2025	December 31, 2024	Expiry Date
		Amount	Amount
Chang Hwa Bank Chang Hwa Bank Mega International Commercial- Bank E. Sun Bank Bank of Taiwan E. Sun Bank Far Eastern International Bank Mega International Commercial- Bank Land Bank of Taiwan Bank of Taiwan Hwa Nan Bank Taipei Fubon commercial Bank (Syndicated loan) First Bank Land Bank of Taiwan Taipei Fubon commercial Bank Bank of Taiwan Bank of Taiwan Taipei Fubon commercial Bank E. Sun Bank Chang Hwa Bank Taipei Fubon commercial Bank (Syndicated loan) Mega International Commercial- Bank KGI Bank Export-Import Bank of the Republic of China Far Eastern International Bank Bank of Taiwan KGI Bank Land Bank of Taiwan Taiwan Cooperative Bank Taiwan Cooperative Bank Bank of Taiwan Mega International Commercial- Bank Taiwan Cooperative Bank E. Sun Bank (Dongguan) The Export-Import Bank of China (Chongqing) Bank of Taiwan (Guangzhou) HSBC (Huizhou) The Export-Import Bank of China (Guangdong) HSBC (Huizhou) HSBC (Dongguan) China Construction Bank (Huizhou) The Export-Import Bank of China (Guangdong) Chang Hwa Bank (Dongguan) HSBC (Huizhou) E. Sun Bank (Union loan) E. Sun Bank (Dongguan) HSBC (Huizhou) HSBC (Huizhou) Bank of Taiwan (Guangzhou) E. Sun Bank (Syndicated loan) Mega International Commercial- Bank(Bangkok) Total Current Non-current Rate		$ － － － － － － － － － － 93,750 － 400,000 400,000 300,000 200,000 200,000 5,000 200,000 300,000 1,000,000 300,000 200,000 100,000 500,000 200,000 400,000 200,000 5,000 195,000 300,000 5,000 100,000 － 22,362 － － 446,355 － － 429,359 445,907 143,120 212,443 － 169,955 218,034 218,034 44,725 670,873 100,190	$ 31,250 50,000 18,000 25,000 62,500 29,166 72,917 21,000 102,082 75,000 218,750 2,000,000 400,000 400,000 300,000 200,000 200,000 － － － － 300,000 200,000 － 500,000 200,000 － 200,000 5,000 － － － － 182,416 159,614 109,449 232,580 455,583 410,435 168,963 446,919 455,583 182,416 228,020 1,194,367 － － － － － －	05/15/2025 06/15/2025 06/15/2025 06/15/2025 06/15/2025 07/15/2025 07/15/2025 07/15/2025 07/15/2025 09/15/2025 09/15/2026 08/29/2027 07/15/2028 09/15/2028 09/25/2028 10/15/2028 09/15/2029 04/21/2030 06/15/2030 06/15/2030 09/10/2030 09/25/2030 09/25/2030 11/25/2030 11/29/2030 12/01/2030 01/21/2031 05/20/2031 11/15/2031 11/15/2031 12/31/2031 05/20/2032 06/15/2032 01/09/2026 01/15/2026 01/16/2026 03/06/2026 04/10/2026 05/08/2026 08/07/2026 02/04/2027 09/09/2027 10/10/2027 11/05/2027 12/08/2027 02/10/2028 04/07/2028 04/07/2028 04/27/2028 07/09/2030 12/03/2030
		$ 8,725,107	$ 9,837,010
		$ 928,443	$ 1,453,663
		$ 7,796,664	$ 8,383,347
		1.475%~2.900%	1.325%~3.450%

38

(A) For assets pledged as collateral for long-term borrowing, please refer to Note 8.

• (B) Explanation:

• No.1: Five-year term loan, repayable in 24 installments, interest to be paid monthly.

• No.2: Five-year term loan, repayable in 25 installments, interest to be paid monthly.

• No.3: Five-year term loan, repayable in 5 installments, interest to be paid monthly. Also, as agreed, within the loan duration, specific current ratio, debt ratio and times of interest earned shall be maintained in accordance with the yearly consolidated financial statements.

• No.4: Five-year term loan, repayable in 4 installments, interest to be paid monthly.

• No.5: Seven-year term loan, repayable in 5 installments, interest to be paid monthly.

• No.6: Seven-year term loan, repayable in 9 installments, interest to be paid monthly.

• No.7: Seven-year term loan, repayable in 4 installments, interest to be paid monthly.

• No.8: Six-year term loan, repayable in 7 installments, interest to be paid monthly.

• No.9: Seven-year term loan, repayable in 8 installments, interest to be paid monthly. No.10: Seven -year term loan, repayable in 48 installments, interest to be paid monthly. No.11: Five-year term loan, repayable in 8 installments, interest to be paid monthly. No.12: Three-year term loan, repayable in 6 installments, interest to be paid monthly.

• No.13: Two-year term loan, repayable in 5 installments, interest to be paid quarterly. No.14: Three-year term loan, repayable in 5 installments, interest to be paid quarterly. No.15: Three-year term loan, repayable in 9 installments, interest to be paid quarterly.

• No.16: Three-year term loan, become due once repay, interest to be paid quarterly. Starting from May 2024, repayable in 5 installments, interest to be paid quarterly.

• No.17: Three-year term loan, repayable in 7 installments, interest to be paid quarterly. No.18: Three-year term loan, repayable in 6 installments, interest to be paid quarterly.

• No.19: Five-year term loan, repayable in 10 installments, interest to be paid quarterly. Also, as agreed, within the loan duration, specific current ratio, debt ratio and times of interest earned shall be maintained in accordance with the yearly consolidated financial statements.

• No.20: Five-year term loan, repayable in 7 installments, interest to be paid monthly.

39

(15) RETIRED BENEFIT PLANS

(A) Defined contribution plans

The Company adopted a pension plan according to the Labor Pension Act (the “LPA”), which is a defined contribution plan. Based on the LPA, the Corporation makes monthly contributions to employees’ individual pension accounts at 6% of monthly salaries and wages. Accordingly, the Company recognized expenses of $134,769 thousand and $125,251 thousand in the consolidated statements of comprehensive income ended December 31, 2025 and 2024, respectively.

The Company’s mainland subsidiaries and other foreign 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 certain percentage of employees’ monthly salaries and wages. Other than the monthly contributions, the Company has no further obligations. The pension costs under these defined contribution plans for the years ended December 31, 2025 and 2024 were $642,910 thousand and $577,595 thousand, respectively.

(B) Defined benefit plans

• (a) The Compeq Company adopted the defined benefit plan under the Labor Standards Law, under which pension benefits are calculated on the basis of the length of service and average monthly salaries of the six months before retirement. The company contributed amounts equal to 5% of total monthly salaries and wages to a pension fund administered by the pension fund monitoring committee. Pension contributions are deposited in the Bank of Taiwan in the committee’s name.

Before the end of each year, the Company assesses the balance in the pension fund. If the amount of the balance in the pension fund is inadequate to pay retirement benefits for employees who conform to retirement requirements in the next year, the Company is required to fund the difference in one appropriation that should be made before the end of March of the next year. The pension fund is managed by the Bureau of Labor Funds, Ministry of Labor (”the Bureau”); the Company has no right to influence the investment policy and strategy.

Eligible employees of the Company’s Thai subsidiary, COMPEQ (Thailand) Co., Ltd., are covered by defined benefit plans.

40

• (b) The amounts recognized in the consolidated financial statements relating to defined benefit plans are as follows:

benefit plans are as follows:	benefit plans are as follows:	benefit plans are as follows:
December 31, 2025 December 31, 2024 Present value of defined benefit obligation $ (1,591,654) $ (1,557,011) Fair value of plan assets 1,676,180 1,609,548 Net defined benefit (assets) liabilities $ 84,526 $ 52,537 Movements in the net defined benefit asset were as follows: Present value of defined benefit obligation Fair value of plan assets Net defined benefit assets BALANCE, JANUARY 1, 2025 $ (1,557,011) $ 1,609,548 $ 52,537 Service cost Current service cost (6,792) － (6,792) Service cost in the prior period (333) － (333) Interest expense (24,155) 25,378 1,223 Recognized in profit or loss (31,280) 25,378 (5,902) Remeasurement Return on plan assets (loss)/gain － 107,338 107,338 Actuarial loss arising from changes in demographic assumptions (29) － (29) Actuarial (gain) loss arising from changes in financial assumptions (31,852) － (31,852) Actuarial loss arising from experience adjustments (82,270) － (82,270) Recognized in other comprehensive income (114,151) 107,338 (6,813) Contributions from the employer － 37,858 37,858 Benefits paid 110,811 (103,942) 6,869 Effect of exchange rate changes (23) － (23) BALANCE, DECEMBER 31, 2025 $ (1,591,654) $ 1,676,180 $ 84,526			December 31, 2024
			$	(1,557,011) 1,609,548
			$	52,537
				Net defined benefit assets
	$ (1,557,011) (6,792) (333) (24,155)	$ 1,609,548 － － 25,378		$ 52,537 (6,792) (333) 1,223
	(31,280)	25,378		(5,902)
	－ (29) (31,852) (82,270)	107,338 － － －		107,338 (29) (31,852) (82,270)
	(114,151)	107,338		(6,813)
	－	37,858		37,858
	110,811	(103,942)		6,869
	(23)	－		(23)
	$ (1,591,654)	$ 1,676,180		$ 84,526

• (c) Movements in the net defined benefit asset were as follows:

41

BALANCE, JANUARY 1, 2024 Service cost Current service cost Interest expense Recognized in profit or loss Remeasurement Return on plan assets (loss)/gain Actuarial loss arising from changes in demographic assumptions Actuarial (gain) loss arising from changes in financial assumptions Actuarial loss arising from experience adjustments Recognized in other comprehensive income Contributions from the employer Benefits paid BALANCE, DECEMBER 31, 2024	Present value of defined benefit obligation	Fair value of plan assets	Net defined benefit assets
	$ (1,522,345) (7,175) (17,919)	$ 1,400,790 － 17,117	$ (121,555) (7,175) (802)
	(25,094)	17,117	(7,977)
	－ (62) (12,801) (71,575)	123,390 － － －	123,390 (62) (12,801) (71,575)
	(84,438)	123,390	38,952
	－	143,117	143,117
	74,866	(74,866)	－
	$ (1,557,011)	$ 1,609,548	$ 52,537

(d) The fair value of the plan assets by major categories at the end of reporting period were as follows:

were as follows:
Cash and cash equivalents	December 31, 2025 $ 1,676,180	December 31, 2024
		$ 1,609,548

(e) The actuarial valuations of the present value of the defined benefit obligation were carried out by qualified actuaries. The principal assumptions of the actuarial valuation were as follows:

valuation were as follows:
Discount rate Future salary rate increase	December 31, 2025 1.35％～2.20％ 2.00％	December 31, 2024
		1.60％ 2.00％

42

Through the defined benefit plans under the Labor Standards Law, the Company is exposed to the following risks:

• a. Investment risk: The pension funds are invested in equity and debt securities, bank deposits, etc. The investment is conducted at the discretion of the government’s designated authorities or under the mandated management. However, under the Labor Standards Law, the rate of return on assets shall not be less than the average interest rate on a two-year time deposit published by the local banks and the government is responsible for any shortfall in the event that the rate of return is less than the required rate of return.

• b. Interest risk: A decrease in the government bond interest rate will increase the present value of the defined benefit obligation; however, this will be partially offset by an increase in the return on the debt investments of the plan assets. Assuming a hypothetical decrease in interest rate at the end of the reporting period contributed to a decrease of 0.25% in the discount rate and all other assumptions were held constant, the present value of the defined benefit obligation would increase by $32,888 thousand and $33,219 thousand as of December 31, 2025 and 2024, respectively.

• c. Salary risk: The present value of the defined benefit obligation is calculated by reference to the future salaries of plan participants. As such, an increase in the salary of the plan participants will increase the present value of the defined benefit obligation.

• Assuming the expected salary rate increases by 0.25% at the end of the reporting period and all other assumptions were held constant, the present value of the defined benefit obligation would increase by $32,595 thousand and $33,004 thousand as of December 31, 2025 and 2024, respectively.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the defined benefit obligation assets and liabilities recognized in the consolidated balance sheets.

• (f) The Company expects to make contributions of $0 thousand to the defined benefit plans in the next year starting from December 31, 2025. The weighted average duration of the defined benefit obligation is 8 to 13 years.

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(16) EQUITY

(A) Capital stock

Capital stock
Numbers of shares authorized Shares issued	December 31, 2025 $ 16,000,000 $ 11,918,206	December 31, 2024
		$ 16,000,000
		$ 11,918,206

• (a) The capital stock represents common stock with 10 dollars par value, and carry one vote per share and the right to dividends.

• (b) The Compeq Company’s authorized capital was $16,000,000 thousand by Ministry of Economic Affairs, including 100,000 thousand shares reserved for the conversion of employee’s stock warrants and 308,179 thousand shares of convertible bonds payable, which have not been issued.

(B) Capital surplus

Capital surplus
Convertible bonds Accrued interest-premium of convertible bonds Other Total	December 31, 2025 $ 935,127 30,609 94,490 $ 1,060,226	December 31, 2024
		$ 935,127 30,609 94,490
		$ 1,060,226

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 capitalized mentioned above should not exceed 10% of the paid-in capital each year. Capital surplus should not be used to cover accumulated deficit unless the legal reserve is insufficient.

(C) Retained earnings

• (a) The Company’s articles of incorporation are as follows:

After the annual accounting settlement, if The Company has any earnings left, it shall first use the earnings to cover losses by law, followed by setting aside 10% of the remaining earnings as the legal surplus reserve. However, it is not limited to the circumstance where the legal surplus reserve has already reached the paid-up capital. Then, after setting aside the legal surplus reserve as required by law or competent authorities or reversing the special surplus reserve, the balance becomes the distributable earnings of the prevailing year. The distributable earnings of the prevailing year along with the undistributed earnings accumulated in the beginning of the same period are the earnings available for distribution, which shall be distributed in accordance with the principle below:

44

• a. Given that The Company is in the technology industry and by considering the needs for reinforcing its corporate financial structure, fostering its operating earnings and expanding its business scale, it plans to adopt the residual dividend policy to strength its growth and sustainable operation.

• b. Pursuant to the factors in the current and future investment environment, capital requirements, profitability, local and foreign competition status, and capital budgeting, the Board of Directors of The Company plans to draft an earnings distribution proposal. If the Board proposes a cash distribution, the decision shall be approved by at least two-thirds of the directors in attendance and by a majority of those present. The Board may distribute all or part of the dividends and bonuses in cash and shall report to the shareholders' meeting. If no distribution is made or if new shares are to be issued instead, the decision shall be made by the shareholders' meeting. When distributing earnings, the earnings to be distributed shall come from those that are available for distribution, and, in principle, the contribution amount shall be no lower than 10% of the distributable earnings of the prevailing year.

• c. The Company may distribute its earnings by cash or stock, in which, in principle, the ratio of cash dividend shall not be lower than 50% of the total dividend amount.

• (b) The Company has separately set up its employee remuneration distribution policy in its articles of incorporation. The information about the employee and director’s compensation, please refer to Note 6(23).

• (c) Pursuant to the R.O.C. Company Act, effective January 2012, the appropriation for legal capital reserve shall be made until the reserve equals the Company’s paid-in capital. The reserve may be used to offset a deficit, or be distributed as dividends in cash or stocks for the portion in excess of 25% of the paid-in capital if the Company incurs no loss.

• (d) Pursuant to existing regulations, The Company is required to set aside additional special reserve equivalent to the net debit balance of the other components of shareholders’ equity items (including exchange differences on translating foreign operations, unrealized gain on available-for-sale financial assets, and the gain or loss on the hedging instrument relating to the effective portion of a cash flow hedge). For any subsequent reversal of other net deductions from shareholders’ equity, the amount reversed may be distributed.

45

• (e) The Company appropriations of earnings for 2025 had been proposed in the meeting of Board of Directors held on March 5 , 2026. The appropriations and dividends per share were as follow:

share were as follow:
Legal reserve Cash dividends Total	Appropriation of Earnings $ 656,142 3,337,098 $ 3,993,240	Dividends per Share(NT$)
		$ 2.80

The appropriations of earnings for 2025 is to be presented for approval in the Company’s shareholders’ meeting to be held on May 28, 2026 (expected).

(f) The Company’s proposals for appropriation of earnings for 2024 and 2023 were approved at the annual general meetings of shareholders held on May 29, 2025 and May 30, 2024, respectively. The actual distribution of employees’ compensation and directors’ remuneration was consistent with the proposals approved by the Board of Directors. Details of the appropriations of earnings and dividends per share are as follows:

follows:
Legal reserve Special reserve (reversal) Cash dividends Total	For Fiscal	Year 2024	For Fiscal Year 2023
	Appropriation of Earnings	Dividends per Share(NT$)	Appropriation of Earnings Dividends per Share(NT$)
	$ 563,026 (340,217) 2,860,369	$ 2.40	$ 413,827 327,758 1,787,731 $ 1.50 $ 2,529,316
	$ 3,083,178

Information relating to the above appropriation of earnings is available on the Market Observation Post System (MOPS) of the Taiwan Stock Exchange (TWSE) and other publicly available sources.

(D) Other equity items

Other equity items
Balance, beginning of year Exchange differences on translation of foreign operations Unrealized gain (loss) on financial assets at FVTOCI Income tax effect Balance, end of year	For the Year Ended December 31, 2025
	Exchange differences on translation of foreign operations	Unrealized gain (loss) on financial assets at FVTOCI	Total
	$ 1,049,838 (389,048) － 77,809	$ (16,027) － 7,744 (4,007)	$ 1,033,811 (389,048) 7,744 73,802
	$ 738,599	$ (12,290)	$ 726,309

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For the Year Ended December 31, 2024

(17)	Exchange differences on translation of foreign operations Unrealized gain (loss) on financial assets at FVTOCI Total Balance, beginning of year $ (326,068) $ (14,149) $ (340,217) Exchange differences on translation of foreign operations 1,719,883 － 1,719,883 Unrealized gain (loss) on financial assets at FVTOCI － (2,347) (2,347) Income tax effect (343,977) 469 (343,508) Balance, end of year $ 1,049,838 $ (16,027) $ 1,033,811 EARNINGS PER SHARE For the Year Ended December 31 2025 2024 Basic EPS $ 5.51 $ 4.70 Diluted EPS $ 5.49 $ 4.69 EPS is computed as follows: (A) Basic earnings per share For the Year Ended December 31 2025 2024 Net income for the period attributable to owners of the Company $ 6,566,868 $ 5,599,096 Weighted average number of ordinary shares outstanding (in thousand shares) 1,191,821 1,191,821 Basic EPS $ 5.51 $ 4.70 (B) Diluted earnings per share For the Year Ended December 31 2025 2024 Net income for the period attributable to owners of the Company $ 6,566,868 $ 5,599,096 Weighted average number of ordinary shares outstanding (in thousand shares) 1,191,821 1,191,821 Assumed conversion of all dilutive potential ordinary shares Employees’ remuneration (in thousand shares) 3,682 3,299 Weighted average number of dilutive ordinary shares outstanding (in thousand shares) 1,195,503 1,195,120 Diluted EPS $ 5.49 $ 4.69	Exchange differences on translation of foreign operations	Exchange differences on translation of foreign operations	Unrealized gain (loss) on financial assets at FVTOCI	Unrealized gain (loss) on financial assets at FVTOCI	Total
		$	(326,068) 1,719,883 － (343,977)	$ (14,149) － (2,347) 469		$ (340,217) 1,719,883 (2,347) (343,508)
		$	1,049,838	$ (16,027)		$ 1,033,811
			2025 2024 $ 5.51 $ 4.70 $ 5.49 $ 4.69 For the Year Ended December 31		2024
					$ 4.70
					$ 4.69
			2025 2024 $ 6,566,868 $ 5,599,096 1,191,821 1,191,821 $ 5.51 $ 4.70 For the Year Ended December 31		2024
					$ 5,599,096
					1,191,821
					$ 4.70
			2025 $ 6,566,868 1,191,821 3,682 1,195,503 $ 5.49		2024
					$ 5,599,096
					1,191,821 3,299
					1,195,120
					$ 4.69

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(18) OPERATING REVENUES

The analysis of the Company operating revenues was as follows:

For the Year Ended December 31

	For the Year Ended December 31	d December 31
Taiwan United States Asia Europe Other Total OTHER INCOME Rent income Other income, other Total OTHER GAINS AND LOSSES Gain (loss) on disposal and write-off of property, plant and equipment Foreign exchange gain (loss) Net gain (loss) on financial assets and liabilities at fair value through profit or losses Onerous contracts losses Gain (loss) on lease modification Miscellaneous disbursements Total FINANCE COSTS Interest expense Interest on lease liabilities Procedural expense Less: interest capitalized Total Capitalization rates	2025 2024 $ 1,092,599 $ 1,728,378 11,577,862 9,263,238 63,036,290 61,261,364 38,339 30,560 250,597 180,868 $ 75,995,687 $ 72,464,408 For the Year Ended December 31	2024
		$ 1,728,378 9,263,238 61,261,364 30,560 180,868
		$ 72,464,408
	2025 2024 $ 229 $ 229 153,177 401,264 $ 153,406 $ 401,493 For the Year Ended December 31	2024
		$ 229 401,264
		$ 401,493
	2025 2024 $ (135,369) $ (145,589) (78,937) 815,973 7,243 39,380 (16,186) (33,682) － 89 (116,778) (138,601) $ (340,027) $ 537,570 For the Year Ended December 31	2024
		$ (145,589) 815,973 39,380 (33,682) 89 (138,601)
		$ 537,570
	2025 $ 321,466 4,781 4,300 (20,371) $ 310,176 1.083％～4.832％	2024
		$ 503,709 4,992 3,443 (44,469)
		$ 467,675
		1.747％～6.589％

(19) OTHER INCOME

(20) OTHER GAINS AND LOSSES

(21) FINANCE COSTS

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(22) INCOME TAX

• (A) Income tax recognized in profit or loss

• (a) Income tax expense consisted of the following:

Current income tax expense Current tax expense recognized in the current year Additional income tax on undistributed earnings Adjustments for prior year’s income tax Income tax credits Subtotal Deferred income tax expense (benefit) The origination and reversal of temporary difference Income tax expense recognized in profit or loss	For the Year Ended December 31	For the Year Ended December 31
	2025 $ 1,787,020 127,354 (38,512) (107,152) 1,768,710 (255,737) $ 1,512,973	2024
		$ 1,271,857 80,448 (890) (110,500)
		1,240,915
		229,792
		$ 1,470,707

(b) A reconciliation of income before income tax and income tax expense recognized in profit or loss was as follows:

profit or loss was as follows:
Tax calculated based on profit before tax and statutory tax rate Tax effect of adjusting items: Nondeductible (deductible items in determining taxable income Additional income tax on undistributed earnings The origination and reversal of temporary difference Income tax credits Adjustments for prior year’s income tax Income tax expense recognized in profit or loss	For the Year Ended December 31
	2025 $ 2,319,061 (532,041) 127,354 (255,737) (107,152) (38,512) $ 1,512,973	2024
		$ 1,627,496 (355,639) 80,448 229,792 (110,500) (890)
		$ 1,470,707

The tax rates of the subsidiaries in China are 15% and 25%. As for other areas, the tax shall be calculated according to the rates applicable in respective areas.

49

(B) Current tax assets and liabilities

Current tax assets and liabilities
Current tax assets Tax refund receivable Current tax liabilities Income tax payable	December 31, 2025 $ 30,025 $ 1,290,057	December 31, 2024
		$ 15,271
		$ 829,928

• (C) Income tax expense (benefit) recognized in other comprehensive income

Current year Remeasurement of defined benefit obligation Unrealized gain (loss) from investments in equity instruments measured at fair value through other comprehensive income Exchange differences on translation of foreign operations Income tax expense (benefit) recognized in the components of other comprehensive income	For the Year Ended December 31	For the Year Ended December 31
	2025 $ (1,362) 4,007 (77,809) $ (75,164)	2024
		$ 7,790 (469) 343,977
		$ 351,298

• (D) Deferred income tax balance

• (a) The analysis of deferred income tax in the consolidated balance sheets was as

follows:

follows:
Temporary difference Accounts receivable Inventories Others Deferred tax assets Temporary difference Investment accounted for using the equity method Property, plant and equipment Exchange differences on translation of foreign operations Others Deferred tax liabilities		For the Year Ended December 31, 2025
	Balance, Beginning of year	Recognized in Profit or Loss	Recognized in Other Comprehensive Income	Effect of Exchange Rate changes	Balance, End of year
	$ 184,783 342,323 165,196	$ 104,341 28,287 (57,746)	$ － － (2,645)	$ (27) (3,590) (1,783)	$ 289,097 367,020 103,022
	$ 692,302	$ 74,882	$ (2,645)	$ (5,400)	$ 759,139
	$ 3,865,623 246,186 262,460 22,872	$ (114,093) (50,354) － (16,408)	$ － － (77,809) －	$ 11,465 (5,782) － 3	$ 3,762,995 190,050 184,651 6,467
	$ 4,397,141	$ (180,855)	$ (77,809)	$ 5,686	$ 4,144,163

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For the Year Ended December 31, 2024

Temporary difference Accounts receivable Inventories Exchange differences on translation of foreign operations Others Deferred tax assets Temporary difference Investment accounted for using the equity method Property, plant and equipment Exchange differences on translation of foreign operations Others Deferred tax liabilities	Balance, Beginning of year	Recognized in Profit or Loss	Recognized in Other Comprehensive Income	Effect of Exchange Rate changes	Balance, End of year
	$ 97,144 343,540 81,517 220,645	$ 87,248 (11,765) － (52,619)	$ － － (81,517) (7,321)	$ 391 10,548 － 4,491	$ 184,783 342,323 － 165,196
	$ 742,846	$ 22,864	$ (88,838)	$ 15,430	$ 692,302
	$(3,637,700 243,323 － 6,071	$ 245,524 (9,654) － 16,786	$ － － 262,460 －	$ (17,601) 12,517 － 15	$ 3,865,623 246,186 262,460 22,872
	$ 3,887,094	$ 252,656	$ 262,460	$ (5,069)	$ 4,397,141

• (b) Items for which no deferred tax assets have been recognized

Deductible temporary differences	December 31, 2025 $ 44,722	December 31, 2024
		$ 44,722

• (E) Income tax assessments

The income tax returns of Compeq Manufacturing Co., Ltd. and its domestic subsidiary, Hua Nian Investment Co., Ltd., through 2023 have been assessed by the tax authorities.

• (F) The information of unrecognized deferred income tax liabilities associated with investments

• As of December 31, 2025 and 2024, the aggregate taxable temporary differences associated with investments in subsidiaries not recognized as deferred income tax liabilities were $1,205,768 thousand and $419,508 thousand.

• (G) The application of Pillar Two income tax legislation is not expected to have a material impact on these consolidated financial statements. The Company will continue to assess the potential impact on its future financial performances.

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(23) THE PERSONNEL, DEPRECIATION AND AMORTIZATION EXPENSES OF THE COMPANY

COMPANY
Personnel expenses Direct labor Payroll expense Insurance expense Pension Others Depreciation Amortization	For the Year Ended December 31,2025			For the Year Ended December 31,2024
	Classified as operating cost	Classified as operating expenses	Total	Classified as operating cost	Classified as operating expenses	Total
	$10,863,233 5,171,357 3,712,532 557,232 684,046 738,066 5,626,297 71,154	$ 2,090,070 － 1,803,215 99,492 99,535 87,828 82,183 38,188	$12,953,303 5,171,357 5,515,747 656,724 783,581 825,894 5,708,480 109,342	$10,202,232 4,635,809 3,735,943 525,274 612,982 692,224 5,647,522 67,112	$ 2,143,967 － 1,857,461 104,818 97,841 83,847 67,426 32,883	$12,346,199 4,635,809 5,593,404 630,092 710,823 776,071 5,714,948 99,995

(A) According to the articles of the Company, if the Company has any profit in its comprehensive income statement of the prevailing year, 2% of the aforesaid profit shall be contributed for the employee compensation. The aforesaid profit refers to the benefit earned before deducting employee compensation from before-tax net profit. However, in case that the Company has any accumulated loss, it shall reserve an amount to cover the loss before contributing the amount for employee compensation according to the aforesaid ratio.

The preceding employee compensation can be distributed by either stock or cash, which shall be adopted by a majority of the directors of the Company present at the meeting attended by more than two-thirds of the entire body of directors and reported to the board of shareholders before implementation.

At least 70% of the employee compensation amount specified in the preceding paragraph shall be allocated to non-managerial employees.

• (B) The Company accrued employees’ compensation for 2025 and 2024 at 2% of profit

before tax, net of employees’ compensation and directors’ remuneration, as follows:

Employees compensation	For the Year Ended December 31,2025 $ 148,878	For the Year Ended December 31,2024
		$ 139,318

Directors’ remuneration is recognized as an expense based on the estimated amount payable. Any subsequent change in the proposed amount after the parent company only financial statements are authorized for issue is accounted for as a change in accounting estimate and is recognized in profit or loss in the following year.

• (C) The Company estimated employees’ compensation for 2024 and 2023 at 2% of profit.

The related proposals were approved by the Board of Directors on March 6, 2025 and March 9, 2024, respectively, as follows:

Employees compensation	For the Year Ended December 31,2024 $ 139,318	For the Year Ended December 31,2023
		$ 107,349

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Directors’ remuneration is recognized as an expense based on the estimated amount payable. Any subsequent change in the proposed amount after the parent company only financial statements are authorized for issue is accounted for as a change in accounting estimate and is recognized in profit or loss in the following year.

There was no difference between the amounts of employees’ compensation approved by the Board of Directors and the amounts recognized in the Company’s parent company only financial statements for the years ended December 31, 2024 and 2023.

(D) The information about the appropriations of the Company’s profit sharing bonus to employees and compensation to directors is available at the Market Observation Post System website.

(24) CASH FLOW INFORMATION

(A) Non-cash transactions

Non-cash transactions
Increase in property, plant and equipment Changes in Machinery and Equipment payable Payments for acquisition of property, plant and equipment	For the Year Ended December 31
	2025 $ 6,322,224 227,086 $ 6,549,310	2024
		$ 6,199,081 (514,513)
		$ 5,684,568

(B) Changes in liabilities from financing activities

January 1, 2025 Changes in cash flow from financing activities Changes in lease liabilities Effect of exchange rate changes December 31, 2025 January 1, 2024 Changes in cash flow from financing activities Changes in lease liabilities Effect of exchange rate changes December 31, 2024	Short-term borrowings	Long-term borrowings (Current portion of long-term borrowings)	Lease liabilities	Liabilities from financing activities-gross
	$ 1,514,110 (151,997) － (128,345)	$ 9,837,010 (1,000,286) － (111,617)	$ 187,623 (76,679) 66,398 (1,061)	$ 11,538,743 (1,228,962) 66,398 (241,023)
	$ 1,233,768	$ 8,725,107	$ 176,281	$ 10,135,156
	Short-term borrowings	Long-term borrowings (Current portion of long-term borrowings)	Lease liabilities	Liabilities from financing activities-gross
	$ 216,777 1,205,900 － 91,433	$ 13,178,281 (3,509,208) － 167,937	$ 200,738 (73,497) 56,839 3,543	$ 13,595,796 (2,376,805) 56,839 262,913
	$ 1,514,110	$ 9,837,010	$ 187,623	$ 11,538,743

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7. RELATED PARTY TRANSACTIONS

Intercompany balances and transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated upon consolidation; therefore those items

are not disclosed in this note. The compensation to directors and other key management personnel were as follows:

personnel were as follows:
Compensation of key management personnel Short-term employee benefits Post-employment benefits Total	For the Year Ended December 31
	2025 $ 125,380 6,868 $ 132,248	2024
		$ 80,679 －
		$ 80,679

The compensation to directors and other key management personnel were determined by the Compensation Committee of The Company in accordance with the individual performance and the market trends.

8. PLEDGED ASSETS

PLEDGED ASSETS
Items Restricted time deposits (Shown as other current financial assets) Property, plant and equipment Account receivable	Purpose Performance bond Borrowing facility Borrowing facility	Book Value
		December 31, 2025 $ 10,477 723,901 1,082,792	December 31, 2024
			$ 10,319 750,266 －

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED COMMITMENTS.

• (1) The balance of the Company’s LC

The balance of the Company’s	LC
The balance of the Company’s LC amounts	December 31, 2025 NTD 26,460 thousand USD 2,668 thousand JPY 82,823 thousand EUR 254 thousand	December 31, 2024
		NTD 59,388 thousand USD 8,080 thousand JPY 79,871 thousand EUR 244 thousand

• (2) Unrecognized capital expenditure of the contracts has been signed for the purchase of equipment were as follows:

equipment were as follows:
Machinery and equipment Buildings	December 31, 2025 NTD 406,665 thousand CNY 234,214 thousand THB 382,859 thousand THB 360,454 thousand	December 31, 2024
		NTD 250,507 thousand CNY 164,639 thousand THB 1,679,432 thousand －

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10. SIGNIFICANT DISASTER LOSSES: None.

11. SUBSEQUENT EVENTS: None.

12. OTHER

(1) CAPITAL MANAGEMENT

The Company plans its working capital (including R&D expenses and debt liquidation, etc.) required for the future in accordance with the characteristics currently existing in its industry and its future development status while it also considers the changes in the external environment, so as to ensure its sustainable operations. In so doing, the Company will be able to concurrently protect the interests of its shareholders and other related parties, maintain the optimal capital structure, and elevate the stockholder value. As a whole, the Company adopts a prudent risk management strategy.

(2) FINANCIAL INSTRUMENTS

(A) Categories of financial instruments

Financial assets Amortized cost Cash and cash equivalents Notes and accounts receivables Other receivables Other current financial assets Refundable deposits (including current) Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Total Financial liabilities Amortized cost Short-term borrowings Notes and accounts payable Other payables Long-term borrowings (including current portion) Guarantee deposits (including current) Total	December 31, 2025	December 31, 2025	December 31, 2024	December 31, 2024
	Book value	Fair value	Book value	Fair value
	$ 11,508,955 18,542,037 632,842 7,807,609 78,494 54,608 126,664	$ 11,508,955 18,542,037 632,842 7,807,609 78,494 54,608 126,664	$ 11,152,324 17,157,942 741,530 8,056,436 74,490 186,408 11,097	$ 11,152,324 17,157,942 741,530 8,056,436 74,490 186,408 11,097
	$ 38,751,209	$ 38,751,209	$ 37,380,227	$ 37,380,227
	$ 1,233,768 17,920,886 7,180,820 8,725,107 132,772	$ 1,233,768 17,920,886 7,180,820 8,725,107 132,772	$ 1,514,110 15,289,523 7,308,096 9,837,010 104,857	$ 1,514,110 15,289,523 7,308,096 9,837,010 104,857
	$ 35,193,353	$ 35,193,353	$ 34,053,596	$ 34,053,596

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• (B) Financial risk management objectives

The currency risk, interest rate risk, credit risk and liquidity risk related to management and operation activities are the target of the Company’s financial risk management. The Company has devoted its efforts to recognizing, assessing and hedging market uncertainty in an attempt to reduce the potential adverse influence of market change on the Company’s financial performance.

The Company’s major financial activities have all been re-checked by its board of directors in accordance with the related regulations and internal control system. During the financial plan execution period, the Company has to strictly follow the financial operation procedures related to overall financial risk management and accrual basis.

(C) Market risk

The Company is exposed to the market risks arising from changes in foreign exchange rates, interest rates and the prices in equity investments, and utilizes some derivative financial instruments to reduce the related risks.

• (a) Foreign currency risk

Most of the Company’s operating activities and investment in foreign are denominated in foreign currencies. Consequently, the Company is exposed to foreign currency risk. To protect against reductions in value and the volatility of future cash flows caused by changes in foreign exchange rates, the Company utilizes derivative shore-term borrowing and financial instruments, including currency forward contracts and cross currency swaps, to hedge its currency exposure. These instruments help to reduce, but do not eliminate, the impact of foreign currency exchange rate movements.

The maturity of the derivative financial instruments engaged by the Company is all less than six months, which does not meet the terms for accounting hedge. For the sensitivity analysis of the foreign currency risk, the calculation is made according to the foreign currency items listed at the financial reporting closing date. When the NT dollar appreciates or depreciates 1% against a foreign currency, the Company’s net profit or loss in 2025 and 2024 will increase or decrease by $99,273 thousand and $79,108 thousand, respectively.

• (b) Interest rate risk

Interest rate risk refers the risk caused by the change in the fair value of financial instruments as a result of change of the market interest rate. The Company’s interest rate risk mainly comes from its mid-and long-term loans and the floating of the interest rates for the income investments with a fixed or floating interest rate.

56

Regarding the sensitivity analysis of the interest rate risk, the calculation is made according to the amount of the bank loan and the floating interest rate at the final day of the financial report period, and a quarter’s effect is assumed to be held. If the interest rate increased or decreased by 1%, the Company’s profit or loss as of December 31, 2025 and 2024 would increase or decrease by $244 thousand and $118 thousand, respectively.

• (c) Other price risk

The Company’s equity securities, which are expose to price risk, are the held financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income. To manage its price risk arising from investments in equity securities, the Company diversifies its portfolio.

The Company’s investments in equity securities comprise shares 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 profit for the years ended December 31, 2025 and 2024 would have increased/decreased by $539 thousand and $1,864 thousand, respectively, as a result of gain/loss on equity securities classified as at fair value through profit or loss. Other components of equity would have increased/decreased by $1,267 thousand and $111 thousand, respectively, as a result of other comprehensive income classified equity investment at fair value through other comprehensive income.

• (D) Credit risk management

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company. The Company is exposed to credit risk from operating activities, primarily trade receivables, and from financing activities, primarily deposits, fixed-income investments and other financial instruments with banks. Credit risk is managed separately for business related and financial related exposures.

• (a) Business related credit risk

In order to maintain its quality of accounts receivable, the Company has set up its operation related credit risk management procedure.

The individual customer risk assessment covers the factors of an individual customer’s financial status and credit rating agency’s ratings, the Company’s internal credit ratings and historical transaction records and current economic status, etc. which may affect customer’s solvency capacity. In addition, the Company will also use some credit enhancement instruments, such as purchase prepayment and credit insurance, etc., at an appropriate time to reduce the credit risk of some specific customers.

57

As of December 31, 2025 and 2024, the Company’s ten largest customers accounted for 65% and 69% of notes and accounts receivable, respectively. The Company believes the concentration of credit risk is insignificant for the remaining accounts receivable.

(b) Financial credit risk

The credit risk of bank deposits, fixed income investments and other financial instruments is measured and monitored by the Company’s financial department. The Company’s transaction counterparts and contract performance parties are the financial institutions with good credit, and the Company has diversified its risk by dealing with multiple financial institutions, so there shall be no significant credit risk caused by too much concentration on some financial institutions and no significant doubt about contract performance. As such, the Company shall have no material credit risk.

(E) Liquidity risk management

The purpose of the Company’s management of liquidity risk is to maintain the cash and cash equivalents, high liquidity securities and enough bank financing facilities required for business operations, so as to ensure sufficiency of the Company’s financial flexibility.

(a) The table below summarizes the maturity profile of the Company’s financial liabilities based on contractual undiscounted payments, including principles and interests.

Non-derivative financial liabilities Short-term borrowings Notes and accounts payable Other payable Lease liabilities Long-term borrowings Guarantee deposits Total		December 31, 2025	December 31, 2025	December 31, 2025
	Less Than 1 year $ 1,262,231 17,920,886 7,180,820 64,682 1,095,873 132,772 $ 27,657,264	2-3 year $ － － － 62,676 3,832,550 － $ 3,895,226	4-5 year $ － － － 20,025 3,669,885 － $ 3,689,910	Over 6 years $ － － － 34,300 652,715 － $ 687,015	Total
					$ 1,262,231 17,920,886 7,180,820 181,683 9,251,023 132,772
					$ 35,929,415

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December 31, 2024

Non-derivative financial liabilities Short-term borrowings Notes and accounts payable Other payable Lease liabilities Long-term borrowings Guarantee deposits Total	Less Than 1 year $ 1,546,363 15,289,523 7,308,096 65,350 1,662,151 104,857 $ 25,976,340	2-3 year $ － － － 67,113 6,554,496 － $ 6,621,609	4-5 year $ － － － 21,981 1,069,903 － $ 1,091,884	Over 6 years $ － － － 43,140 1,088,079 － $ 1,131,219	Total
					$ 1,546,363 15,289,523 7,308,096 197,584 10,374,629 104,857
					$ 34,821,052

• (b) Bank credit limit

Bank credit limit
Secured bank general credit limit Total Unsecured bank general credit limit Total	December 31, 2025 $ 1,200,000 $ 31,413,456	December 31, 2024
		$ 1,200,000
		$ 30,420,405

(3) FAIR VALUE OF FINANCIAL INSTRUMENTS

• (A) Fair value of financial instruments carried at amortized cost

Except as detailed in the following table, the Company considers that the carrying amounts of financial assets and financial liabilities carried at amortized cost recognized in the consolidated financial statements approximate their fair values.

• (B) Valuation techniques and assumptions used in fair value measurement

The fair values of financial assets and financial liabilities are determined as follows:

• (a) The fair values of financial assets and financial liabilities with standard terms and conditions and traded on active liquid markets are determined with reference to quoted market prices (includes interest rate futures contracts, publicly traded stocks, money market funds, government bonds, agency bonds and corporate bonds).

• (b) Forward exchange contracts are measured using quoted forward exchange rates.

• (c) The fair values of other financial assets and financial liabilities are determined in accordance with generally accepted pricing models based on discounted cash flow analysis.

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• (C) Fair value measurements recognized in the consolidated balance sheets

The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped into Levels 1 to 3 based on the degree to which the fair value is observable:

• (a) Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities; active market refers to the market meeting the terms below: the products traded in the market are in homogeneity; buyers and sellers with trading intention are available in the market and the price information is open to the public.

• (b) Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and

• (c) Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).

• (D) Financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s financial assets and liabilities measured at

fair value on a recurring basis:

fair value on a recurring basis:
Financial assets at fair value through profit or loss Publicly traded stocks Emerging stocks Non-Publicly traded stocks Financial assets at fair value through other comprehensive income Non-Publicly traded stocks Total Financial assets at fair value through profit or loss Publicly traded stocks Emerging stocks Non-Publicly traded stocks Financial assets at fair value through other comprehensive income Foreign unlisted stocks Total		December 31,2025
	Level 1	Level 2	Level 3	Total
	$ 35,524 － － －	$ － 4,930 － －	$ － － 13,431 126,664	$ 35,524 4,930 13,431 126,664
	$ 35,524	$ 4,930	$ 140,095	$ 180,549
	Level 1	Level 2	Level 3	Total
	$ 116,441 － － －	$ － 50,440 － －	$ － － 19,527 11,097	$ 116,441 50,440 19,527 11,097
	$ 116,441	$ 50,440	$ 30,624	$ 197,505

60

• (E) Level 1 fair value measurement item applies a market offer as the fair value input value, with breakdown as follows:

Item Market quoted Stock of Listed (OTC) companies Close price

• (F) Level 2 fair value measurement item applies the observable input values of recent transaction price and offer data of Taipei Exchange, to serve as the foundation of evaluating fair values.

• (G) For assets and liabilities held as of December 31, 2025 and 2024 that are measured at fair value on a recurring basis, there were no transfers between Level 1 and Level 2 of the fair value hierarchy.

• (H) Reconciliation of Level 3 fair value measurements of financial assets

Balance, beginning of year Additions Recognized in profit or loss Recognized in other comprehensive income or loss Balance, end of year	For the Year Ended December 31	For the Year Ended December 31
	2025 $ 30,624 107,824 (6,097) 7,744 $ 140,095	2024
		$ 41,813 － (8,842) (2,347)
		$ 30,624

• (I) The Company valuation process for the fair value measurement with in the third-level was conducted by the Company department for independent fair value verification of financial instruments. Using independent data to bring evaluation results closer to market conditions, and regularly update the input values required by the evaluation model and any adjustments should be made in order to ensure the rationality of the valuation presented.

• (J) Level 3 fair value measurement is based on the market approach values. The Company takes great caution in the selection of valuation models and valuation parameters for the key, non-observable values. Therefore, the measurement of fair values should be reasonable. The use of different valuation models or valuation parameters may result in different numbers. For example, If the evaluation parameter's share price net multiplier increases, the market liquidity discount decreases, and the weighted average capital cost discount rate decreases, the fair value of the investment will be increased.

• (K) There were no disposals for assets on Level 3 for the years ended December 31, 2025 and 2024.

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(4) SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN

CURRENCIES

• (A) The following information was summarized according to the foreign currencies other than the functional currency of the Company. The exchange rates disclosed were used to translate the foreign currencies into the functional currency. The significant financial

assets and liabilities denominated in foreign currencies were as follows:

Financial assets Monetary items USD EUR JPY RMB SGD Financial liabilities Monetary items USD EUR JPY HKD RMB Financial assets Monetary items USD JPY RMB SGD Financial liabilities Monetary items USD EUR JPY HKD RMB	December 31,2025	December 31,2025	December 31,2025
	Foreign currencies (In thousands)	Exchange Rate	Book Value (NTD)
	Foreign currencies (In thousands)	Exchange Rate	Book Value (NTD)
	$ 420,462 1,174,974 138,654 52 195,712 332 195,499 6,218 55,364	32.785 0.2099 4.478 24.13 32.785 34.14 0.2099 4.222 4.478	$ 13,784,857 246,627 620,892 1,254 6,416,410 11,334 41,035 26,252 247,922

Note: The functional currency of some of the consolidated entities is not the NT dollar,

so this factor shall be taken into account in disclosure. For instance, when a subsidiary’s functional currency is the RMB, its US dollar foreign currency position shall be the factor required to be taken into consideration.

62

• (B) Since the Company has numerous categories of foreign currency transactions, there is no way for it to disclose the details according to respective major currencies. As such, the information on exchange gain or loss of currency items is disclosed in a way of summarization. For the Company’s exchange gains and losses, the realized loss were $283,510 thousand and unrealized gain were $204,573 thousand in 2025, respectively, whereas the realized gain was $744,309 thousand and unrealized gain were $71,664 thousand in 2024, respectively.

13. ADDITIONAL DISCLOSURES

• (1) Information on significant transactions:

• A. Financing provided to others: Please refer to Table 1 attached;

• B. Endorsements/guarantees provided: Please refer to Table 2 attached;

• C. Marketable securities held (excluding investment in subsidiaries, associates and joint ventures): Please refer to Table 3 attached;

• D. Total purchases from or sales to related parties amounting to at least NT$100 million or 20% of the paid-in capital: Please refer to Table 4 attached;

• E. Receivables from related parties amounting to at least NT$100 million or 20% of the paid-in capital: Please refer to Table 5 attached;

• F. Significant inter-company transactions during the reporting periods: Please refer to Table 6 attached;

• (2) Information on investees:

Please refer to Table 7 attached.

• (3) Information on investment in Mainland China:

• A. The name of the investee in Mainland China, the main businesses and products, its issued capital, method of investment, information on inflow or outflow of capital, percentage of ownership, income (losses) of the investee, share of profits/losses of investee, ending balance, amount received as dividends from the investee, and the limitation on investee: Please refer to Table 8 attached.

• B. Significant direct or indirect transactions with the investee, its prices and terms of payment, unrealized gain or loss, and other related information which is helpful to understand the impact of investment in Mainland China on financial reports: Please refer to Table 1 to Table 6.

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TABLE 1

FINANCING PROVIDED

											Amounts in Tho	usands of Ne	w Taiwan	Dollars	and Foreign curren	cies in Thousands
No. (Note 1)	Financing Company	Counter-party	Financial Statement Account	Related Party	Maximum Balance for the Period	Ending Balance	Amount Actually Drawn	Interest Rate	Nature for Financing (Note 2)	Transaction Amounts	Reason for Financing	Allowance for Bad Debt	Colla	teral	Financing Limits for Each Borrowing Company (Note 3)	Financing Company's Total Financing Amount Limits (Note 3)
													Item	Value
0	Compeq Manufacturing Co., Ltd.	Compeq Technology (Huizhou) Co., Ltd.	Other receivables	Yes	$ 3,143,000 US$ 100,000	$ 1,571,500 US$ 50,000	None	－	2	－	Operating capital and Repayments of bank borrowings	－	－	－	$ 19,145,068	$ 19,145,068
0	Compeq Manufacturing Co., Ltd.	Compeq Manufacturing (Suzhou) Co., Ltd.	Other receivables	Yes	$ 628,600 US$ 20,000	$ 628,600 US$ 20,000	None	－	2	－	Operating capital and Repayments of bank borrowings	－	－	－	$ 19,145,068	$ 19,145,068
0	Compeq Manufacturing Co., Ltd.	Compeq Manufacturing (Huizhou) Co., Ltd.	Other receivables	Yes	$ 628,600 US$ 20,000	$ － US$ －	None	－	2	－	Operating capital and Repayments of bank borrowings	－	－	－	$ 19,145,068	$ 19,145,068
0	Compeq Manufacturing Co., Ltd.	Compeq Manufacturing (Chongqing) Co.,Ltd.	Other receivables	Yes	$ 942,900 US$ 30,000	$ － US$ －	None	－	2	－	Operating capital and Repayments of bank borrowings	－	－	－	$ 19,145,068	$ 19,145,068
0	Compeq Manufacturing Co.,Ltd.	COMPEQ (Thailand) Co.,Ltd.	Other receivables	Yes	$ 7,071,750 US$ 225,000	$ 7,071,750 US$ 225,000	$ 4,117,330 US$ 131,000	3.901%～ 4.390%	2	－	Operating capital and Repayments of bank borrowings	－	－	－	$ 19,145,068	$ 19,145,068
0	Compeq Manufacturing Co., Ltd.	COMPEQ Technology (Thailand) Co.,Ltd.	Other receivables	Yes	$ 1,571,500 US$ 50,000	$ 1,571,500 US$ 50,000	None	－	2	－	Operating capital	－	－	－	$ 19,145,068	$ 19,145,068
1	Compeq Manufacturing (Chongqing) Co.,Ltd.	Compeq Technology (Huizhou) Co., Ltd.	Other receivables	Yes	$ 942,900 US$ 30,000	$ 942,900 US$ 30,000	$ 898,898 US$ 28,600	2.000%	2	－	Operating capital and Repayments of bank borrowings	－	－	－	$ 12,540,364 US$ 398,993	$ 12,540,364 US$ 398,993
2	Compeq Manufacturing (Huizhou) Co., Ltd.	Compeq Technology (Huizhou) Co., Ltd.	Other receivables	Yes	$ 471,450 US$ 15,000	$ 471,450 US$ 15,000	$ 449,449 US$ 14,300	2.000%	2	－	Operating capital and Repayments of bank borrowings	－	－	－	$ 10,600,568 US$ 337,275	$ 10,600,568 US$ 337,275

Note 1 ： The Company and its subsidiaries are coded as follows:

1. The Company is coded “0”.

2. The subsidiaries are coded consecutively beginning from ”1” in the order presented in the table above.

Note 2 ： The nature for financing is coded as follows:

1. Business relationship is coded “1”.

2. Short-term financing is coded “2”.

Note 3 ： The counter-party that was directly and indirectly holds more than 67% of the voting shares and controlling, the limit of financing amount for individual counter-party shall not exceed 40% of the lender’s net asset value as of the period. Limit of total financing amount shall not exceed 40% of the Company’s net asset value; for foreign subsidiaries in which the Company directly or indirectly holds 100% of the voting shares, where short-term intercompany financing is required, the total amount of loans and the amount of any individual loan shall not exceed 100% of the lender’s net worth.

Note 4 ： The related parties have been eliminated upon consolidation.

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TABLE 2

ENDORSEMENTS / GUARANTEES PROVIDED

Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands

No. (Note 1)	Endorsement / Guarantee Provider	Guaranteed Party	Guaranteed Party	Limits on Endorsement / Guarantee Amount Provided to Each Guaranteed Party (Note 4)	Maximum Balance for the Period (US$ in Thousands)	Ending Balance (US$ in Thousands)	Amount Actually Drawn (US$ in Thousands)	Amount of Endorsement/ Guarantee Collateralized by Properties	Ratio of Accumulated Endorsement / Guarantee to Net Equity per Latest Financial Statements	Maximum Endorsement / Guarantee Amount Allowable (Note 5)	Guarantee Provided by Parent Company (Note 6)	Guarantee Provided by A Subsidiary (Note 6)	Guarantee Provided to Subsidiaries in Mainland China (Note 6)
		Name	Nature of Relationship (Note 2)
0 0 0 0 0 0 1	Compeq Manufacturing Co., Ltd. Compeq Manufacturing Co., Ltd. Compeq Manufacturing Co., Ltd. Compeq Manufacturing Co., Ltd. Compeq Manufacturing Co., Ltd. Compeq Manufacturing Co., Ltd. Compeq Manufacturing (Huizhou) Co., Ltd.	HUATON HOLDINGS LIMITED PELICAN COVE INVESTMENT LTD. COMPEQ (Thailand) Co., Ltd. Compeq Manufacturing (Suzhou) Co., Ltd. Compeq Technology (Huizhou) Co., Ltd. Compeq Manufacturing (Chongqing) Co., Ltd. Compeq Technology (Huizhou) Co., Ltd.	2 2 2 2 2 2 4	$ 28,717,602 $ 28,717,602 $ 28,717,602 $ 28,717,602 $ 28,717,602 $ 28,717,602 $ 6,360,341 US$ 202,365	$ 110,005 US$ 3,500 $ 3,080,140 US$ 98,000 $ 1,895,229 US$ 60,300 $ 157,150 US$ 5,000 $ 4,243,050 US$ 135,000 $ 2,514,400 US$ 80,000 $ 4,305,910 US$ 137,000	$ 110,005 US$ 3,500 $ 3,080,140 US$ 98,000 $ 1,895,229 US$ 60,300 $ 157,150 US$ 5,000 $ 2,357,250 US$ 75,000 $ 2,514,400 US$ 80,000 $ 4,305,910 US$ 137,000	$ － US$ － $ 189,240 US$ 6,021 $ 100,199 US$ 3,188 $ － US$ － $ 674,174 US$ 21,450 $ － US$ － $ 2,271,006 US$ 72,256	None None None None None None None	－ 6％ 4％ － 5％ 5％ 9％	$ 57,435,205 $ 57,435,205 $ 57,435,205 $ 57,435,205 $ 57,435,205 $ 57,435,205 $ 10,600,568 US$ 337,275	Ｙ Ｙ Ｙ Ｙ Ｙ Ｙ －	－ － － － － － －	－ － － Ｙ Ｙ Ｙ Ｙ

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Note 1: The Company and its subsidiaries are coded as follows:

1. The Company is coded “0”.

2. The subsidiaries are coded consecutively beginning from ”1” in the order presented in the table above.

Note 2: According to the “Guidelines Governing the Preparation of Financial Reports by Securities Issuers” issued by the R.O.C. Securities and Futures Bureau, receiving parties should be disclosed as one of the following:

1. A company with which it does business.

2. A company in which the public company directly and indirectly holds more than 50% of the voting shares.

3. A company that directly and indirectly holds more than 50 % of the voting shares in the public company.

4. A company in which the public company holds, directly or indirectly, 90% or more of the voting shares.

5. A company that fulfills its contractual obligations by providing mutual endorsements/guarantees for another company in the same industry or for joint builders for purposes of undertaking a construction project.

6. A company that all capital contributing shareholders make endorsements/ guarantees for their jointly invested company in proportion to their shareholding percentages.

7. Companies in the same industry provide among themselves joint and several securities for a performance guarantee of a sales contract for pre-construction homes pursuant to the Consumer Protection Act for each other.

Note 3: The calculation method and the ceiling amount shall be indicated. If there are contingent losses recognized in financial statements, the recognized amounts shall be indicated.

Note 4: For any entity in which the Company directly or indirectly holds 90% or more of the voting rights, the amount of endorsements and guarantees shall not exceed 60% of the Company’s equity as shown in its most recent financial statements. For Compeq Computer (Huizhou) Co., Ltd. the amount of endorsements and guarantees shall not exceed 60% of its equity as shown in its most recent financial statements.

Note 5: One point two times as much as the net value shown in the Company’s latest financial statement; One time as much as the net value shown in the Compeq Manufacturing (Huizhou) Co., Ltd.’s latest financial statement.

Note 6: Under the circumstance where the TSE or OTC listed parent company endorses or guarantees its subsidiaries, the subsidiary endorses or guarantees its TSE or OTC listed parent company or the endorsement and guarantee is made in mainland China, “Y” shall be filled in.

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TABLE 3

MATERIAL SECURITIES HELD AT THE END OF THE PERIOD

(EXCLUDING INVESTMENT IN A SUBSIDIARY OR AN ASSOCIATES AND INTEREST IN A JOINT VENTURE)

Amounts in Thousands of New Taiwan Dollars

Held Company Name	Marketable Securities Type and Name	Relationship with the Company	Financial Statement Account		December 31, 2025	December 31, 2025		Note
				Shares/Units	Carrying Value	Percentage of Ownership	Fair Value
COMPEQ MANUFACTUR ING CO., LTD.	Stock Kai-Hong Energy Co., Ltd.	None	Financial assets at fair value through other comprehensive income-non-current	10,782,400	$ 121,410	5.66％	$ 121,410
Hua Nian Investment Ltd.	Stock Visual Photonics Epitaxy Co., Ltd. Johnson Health Tech. Co., Ltd. Advanced Echem Materials Company Limited Acter Group Corporation Limited Handa Pharmaceuticals, Inc. Lian Hong Art Company Limited. nFore Technology Co., Ltd. AutoSys (TW) Co., Ltd.	None 〃 〃 〃 〃 〃 〃 〃	Financial assets at fair value through profit or loss-current 〃 〃 〃 〃 〃 〃 Financial assets at fair value through other comprehensive income-non-current	10,000 5,000 6,000 6,000 271,000 347,648 519,191 2,000,000	$ 1,515 755 5,262 4,686 23,306 4,930 13,431 5,254	0.01％ － 0.01％ － 0.16% 0.87％ 1.48％ 6.50％	$ 1,515 755 5,262 4,686 23,306 4,930 13,431 5,254

Note: Excluding subsidiaries.

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TABLE 4

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES OF AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

						Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands
Company Name	Related Party	Nature of Relationships		Transaction Details			Details of non-arm’s length transaction		Notes and Accounts receivable (payable)		Note
			Purchases/ Sales	Amount (Foreign Currencies in Thousands)	Percentage of total purchases (sales)	Payment Terms	Unit Price	Payment Terms	Ending Balance (Foreign Currencies in Thousands)	Percentage of total receivables (payable)
Compeq Manufacturing Co., Ltd.	PELICAN COVE INVESTMENT LTD.	Subsidiary	Purchases	$ 15,723,754	60％	60～90 days	The purchase price are similar to those price from other supplies	Similar to those price from other supplies	$ 3,746,194	48％	2
Compeq Manufacturing Co., Ltd.	Hong Kong Compeq Huizhou Trading Company Limited	Subsidiary	Purchases	818,989	3％	60～90 days	The purchase price are similar to those price from other supplies	Similar to those price from other supplies	113,159	1％	2
Compeq Manufacturing Co., Ltd.	Compeq Manufacturing (Suzhou) Co., Ltd.	Subsidiary	Purchases	432,503	2％	60～90 days	The purchase price are similar to those price from other supplies	Similar to those price from other supplies	84,321	1％	2
Compeq Manufacturing (Huizhou) Co., Ltd.	PELICAN COVE INVESTMENT LTD.	Subsidiary	Sales	US$ 166,943	37％	60～90 days	The selling prices were based on the mutual agreement	Similar to those price from other supplies	US$ 38,580	31％	2
Compeq Manufacturing (Huizhou) Co., Ltd.	Compeq Technology (Huizhou) Co., Ltd.	Subsidiary	Purchases	US$ 4,347	1％	90～120 days	The selling prices were based on the mutual agreement	Similar to those price from other supplies	US$ －	－	2

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TABLE 4-1

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES OF AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

						Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands
Company Name	Related Party	Nature of Relationships		Transaction Details			Details of non-arm’s length transaction		Notes and Accounts receivable (payable)		Note
			Purchases/ Sales	Amount (Foreign Currencies in Thousands)	Percentage of total purchases (sales)	Payment Terms	Unit Price	Payment Terms	Ending Balance (Foreign Currencies in Thousands)	Percentage of total receivables (payable)
Compeq Manufacturing (Huizhou) Co., Ltd.	Compeq Manufacturing (Chongqing) Co., Ltd.	Subsidiary	Sales	US$ 11,580	2％	60～90 days	The selling prices were based on the mutual agreement	Similar to those price from other supplies	US$ －	－	1、2
Compeq Manufacturing (Huizhou) Co., Ltd.	Compeq Manufacturing (Chongqing) Co., Ltd.	Subsidiary	Purchases	US$ 160,068	52％	90～120 days	The selling prices were based on the mutual agreement	Similar to those price from other supplies	US$ 68,696	37％	1、2
Compeq Manufacturing (Suzhou) Co., Ltd.	Hong Kong Compeq Huizhou Trading Company Limited	Subsidiary	Sales	US$ 25,842	45％	60～90 days	The selling prices were based on the mutual agreement	Similar to those price from other supplies	US$ 4,228	30％	2
Compeq Technology (Huizhou) Co., Ltd.	Hong Kong Compeq Huizhou Trading Company Limited	Subsidiary	Sales	US$ 845,297	90％	60～90 days	The selling prices were based on the mutual agreement	Similar to those price from other supplies	US$ 184,135	82％	1、2
Compeq Technology (Huizhou) Co., Ltd.	Hong Kong Compeq Huizhou Trading Company Limited	Subsidiary	Purchases	US$ 16,889	4％	60～90 days	The selling prices were based on the mutual agreement	Similar to those price from other supplies	US$ －	－	1、2
Compeq Manufacturing (Chongqing) Co., Ltd.	PELICAN COVE INVESTMENT LTD.	Subsidiary	Sales	US$ 218,405	58％	90～120 days	The selling prices were based on the mutual agreement	Similar to those price from other supplies	US$ 69,212	51％	2
PELICAN COVE INVESTMENT LTD.	COMPEQ (Thailand) Co., Ltd.	Subsidiary	Purchases	US$ 112,047	22％	60～90 days	The selling prices were based on the mutual agreement	Similar to those price from other supplies	US$ 22,141	17％	2

Note 1: As agreed by both parties, the settlement of accounts receivables and accounts payable was finalized in accordance with the net amount at the end of the period. Note 2: The related parties have been eliminated upon consolidation.

Note 3: The calculation was made according to the ratio of the net amount of respective amount titles prior to consolidation.

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TABLE 5

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

				Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands	Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands
Company Name	Related Party	Nature of Relationships	Ending Balance (Foreign Currencies in Thousands)	Turnover rate	Overdue receivables		Amounts Received in Subsequent Period	Allowance for Bad Debts
					Amount	Action Taken
Compeq Manufacturing Co., Ltd.	COMPEQ (Thailand) Co., Ltd.	Subsidiary	$ 4,231,010 (Note 1)	(Note 2)	None	None	$ －	－
PELICAN COVE INVESTMENT LTD.	Compeq Manufacturing Co., Ltd.	Parent company	US$ 119,192 (Note 1)	4.06	None	None	US$ 82,610	－
PELICAN COVE INVESTMENT LTD.	COMPEQ (Thailand) Co., Ltd.	Subsidiary	US$ 32,863 (Note 1)	(Note 2)	None	None	US$ 12,744	－
Compeq Manufacturing (Huizhou)Co., Ltd.	Compeq Technology (Huizhou)Co., Ltd.	Subsidiary	US$ 22,805 (Note 1)	(Note 2)	None	None	US$ 5,869	－
Compeq Manufacturing (Huizhou)Co., Ltd.	PELICAN COVE INVESTMENT LTD.	Subsidiary	US$ 38,580 (Note 1)	5.07	None	None	US$ 26,283	－
Compeq Manufacturing (Suzhou) Co., Ltd.	Hong Kong Compeq Huizhou Trading Co., Ltd.	Subsidiary	US$ 4,228 (Note 1)	4.57	None	None	US$ 4,228	－
Compeq Technology (Huizhou) Co., Ltd.	Hong Kong Compeq Huizhou Trading Co., Ltd.	Subsidiary	US$ 184,135 (Note 1)	4.83	None	None	US$ 179,750	－
Compeq Manufacturing (Chongqing)Co., Ltd.	Compeq Manufacturing (Huizhou)Co., Ltd.	Subsidiary	US$ 68,696 (Note 1)	2.84	None	None	US$ 42,541	－
Compeq Manufacturing (Chongqing)Co., Ltd.	PELICAN COVE INVESTMENT LTD.	Subsidiary	US$ 69,212 (Note 1)	2.73	None	None	US$ 33,558	－
Hong Kong Compeq Huizhou Trading Co., Ltd.	Compeq Manufacturing Co., Ltd.	Parent company	US$ 3,600 (Note 1)	5.04	None	None	US$ 3,600	－
COMPEQ (Thailand) Co., Ltd.	PELICAN COVE INVESTMENT LTD.	Subsidiary	US$ 22,141 (Note 1)	7.57	None	None	US$ 22,131	－

Note 1 : The related parties have been eliminated upon consolidation.

Note 2 : The ending balance is primarily consisted of other receivables, which is not applicable for the calculation of turnover days.

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TABLE 6

INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS

For the Year Ended December 31, 2025

Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands

No. (Note 1)	Company Name	Counter Party	Nature of Relationship (Note 2)		Intercompany	Transactions	Transactions
				Financial Statements Item	Amount	Terms	Percentage of Consolidated Net Revenue or Total Assets (Note 3)
０	Compeq Manufacturing Co., Ltd.	Compeq Manufacturing (Suzhou) Co., Ltd.	1	Purchases	432,503	The price finalized by both buyer and seller is equivalent to that offered by other firms, and the credit period is 60-90 days.	1％
		PELICAN COVE INVESTMENT LTD.	1	Purchases Accounts payable	15,723,754 3,746,194	〃 〃	21% 4%
		Hong Kong Compeq Huizhou Trading Company Limited	1	Purchases	818,989	〃	1%
		COMPEQ (Thailand) Co., Ltd.		Other receivables	4,231,010	〃	5%
1	Compeq Manufacturing (Huizhou) Co., Ltd.	Compeq Technology (Huizhou) Co., Ltd.	3	Other receivables	$ 716,771 US$ 22,805	The price finalized by both buyer and seller is equivalent to that offered by other firms, and the credit period is 90-120 days.	1%
		Compeq Manufacturing (Chongqing) Co., Ltd.	3	Purchases Accounts payable	$ 4,973,908 US$ 160,068 $ 2,159,107 US$ 68,696	〃 〃	7% 2%

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TABLE 6-1

INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS

For the Year Ended December 31, 2025

Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands

No. (Note 1)	Company Name	Counter Party	Nature of Relationship (Note 2)		Intercompany	Transactions	Transactions
				Financial Statements Item	Amount	Terms	Percentage of Consolidated Net Revenue or Total Assets (Note 3)
1	Compeq Manufacturing (Huizhou) Co., Ltd.	PELICAN COVE INVESTMENT LTD.	3	Net sales Accounts Receivable	$ 5,208,060 US$ 166,943 $ 1,212,557 US$ 38,580	The price finalized by both buyer and seller is equivalent to that offered by other firms, and the credit period is 60-90 days. 〃	7% 1%
2	Compeq Manufacturing (Suzhou) Co., Ltd.	Hong Kong Compeq Huizhou Trading Company Limited	3	Net sales	$ 807,572 US$ 25,842	〃	1%
3	Compeq Technology (Huizhou) Co., Ltd.	Compeq Manufacturing (Chongqing) Co., Ltd.	3	Other payables	$ 901,741 US$ 28,690	〃	1%
		Hong Kong Compeq Huizhou Trading Company Limited	3	Net sales Accounts receivable Purchases	$ 26,280,816 US$ 845,297 $ 5,787,366 US$ 184,135 $ 527,058 US$ 16,889	〃 〃 〃	35% 6% 1%
4	Compeq Manufacturing (Chongqing) Co., Ltd.	PELICAN COVE INVESTMENT LTD.	3	Net sales Accounts receivable	$ 6,815,485 US$ 218,405 $ 2,175,327 US$ 69,212	The price finalized by both buyer and seller is equivalent to that offered by other firms, and the credit period is 90-120 days. 〃	9% 2%

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TABLE 6-2

INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS

For the Year Ended December 31, 2025

Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands

No. (Note 1)	Company Name	Counter Party	Nature of Relationship (Note 2)		Intercompany	Transactions
				Financial Statements Item	Amount	Terms	Percentage of Consolidated Net Revenue or Total Assets (Note 3)
5	PELICAN COVE INVESTMENT LTD.	COMPEQ (Thailand) Co., Ltd.	3	Sales of fixed assets Other receivables Purchases Accounts payable	$ 1,499,996 US$ 47,733 $ 1,032,874 US$ 32,863 $ 3,548,178 US$ 112,047 $ 695,883 US$ 22,141	The price finalized by both buyer and seller is equivalent to that offered by other firms, and the credit period is 60-90 days. 〃 〃 〃	2% 1% 5% 1%

Note 1: The Compeq Company and its subsidiaries are coded as follows:

1. The Compeq Company is coded “0”.

2. The subsidiaries are coded consecutively beginning from “1” in the order presented in the table above.

3. Note 2: Transactions are categorized as follows:

4. The holding company to subsidiary.

5. Subsidiary to holding company.

6. Subsidiary to subsidiary.

7. Note 3: The percentage with respect to the consolidated asset/liability for transactions of balance sheet items are based on each item’s balance at period-end. For profit or loss items, cumulative balances are used as basis.

8. Note 4: For the disclosure thresholds set forth above, items related to balance sheet accounts are disclosed when they exceed 1% of consolidated total assets, while items related to profit or loss accounts are disclosed when they exceed 1% of consolidated total revenue

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TABLE 7

NAMES, LOCATIONS AND RELATED INFORMATION OF INVESTEES OVER WHICH THE COMPANY EXERCISES SIGNIFICANT INFLUENCE

(EXCLUDING INFORMATION OF INVESTMENT MAINLAND CHINA)

Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands

Investor Company	Investee Company	Location	Main Businesses and Products	Original Investment	Original Investment	Balance as	of December 31,2025	of December 31,2025	Net Income (Losses) of the Investee (Foreign Currencies in Thousands)	Shares of Profits/Losses of Investee (Foreign Currencies in Thousands)	Notes
				December 31, 2025 (Foreign Currencies in Thousands)	December 31, 2024 (Foreign Currencies in Thousands)	Shares	Percentage of ownership	Carrying value (Foreign in Thousands)
Compeq Manufacturing Co., Ltd.	HUATON HOLDINGS LIMITED PELICAN COVE INVESTMENT LTD. Hua Nian Investment Ltd. LITON HOLDINGS LTD. COMPEQ (Thailand) Co.,Ltd.	BVI SAMOA TAIWAN BVI THAILAND	Investment Trading Investment Investment (Indirectly investment in Mainland China) PCB manufacturing and sales	$ 3,771,004 559,685 250,000 168,250 2,689,175	$ 3,771,004 559,685 250,000 168,250 2,689,175	240,886,000 17,700,000 33,700,000 100,000 300,000,000	100.00％ 100.00％ 100.00％ 100.00％ 100.00％	$ 34,171,082 798,617 299,839 1,028 3,106,219	$ 3,931,297 US$ 127,334 $ 13,874 US$ 428 $ 4,431 $ (158) US$ (5) $ 278,484 THB 294,515	$ 3,934,353 (Note 1,2) $ 13,874 (Note 2) $ 4,431 (Note 2) $ (158) (Note 2) $ 278,484 (Note 2)	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary
COMPEQ (Thailand) Co., Ltd.	COMPEQ Technology (Thailand) Co., Ltd.	THAILAND	PCB manufacturing and sales	－	－	－	－	－	$ 2,165 THB 2,288	(Note 3,Note5)	Subsidiary
HUATON HOLDINGS LIMITED	Hong Kong Huaton Holdings Trading CompanyLimited	Hong Kong	Trading	$ 9,429 US$ 300	$ 9,429 US$ 300	－	100.00％	$ 8,024 US$ 255	$ 183 US$ 6	(Note 3)	Subsidiary
Compeq Technology (Huizhou) Co., Ltd.	Hong Kong Compeq Huizhou Trading Company Limited COMPEQ Technology (Thailand)Co.,Ltd.	Hong Kong THAILAND	Trading PCB manufacturing and sales	$ 8,400 US$ 267 $ 1,051,829 THB 1,056,977	$ 8,400 US$ 267 －	－ 300,000,000	100.00％ 100.00％	$ 600,963 US$ 19,121 $ 1,054,105 THB 1,059,265	$ 102,999 US$ 3,308 $ 2,165 THB 2,288	(Note 3) (Note 3,Note5)	Subsidiary Subsidiary

Note 1: The investment profits and losses recognized in the current period include the recognition and deletion of realized and unrealized profits and losses. Note 2: The related parties have been eliminated upon consolidation.

Note 3: The current period profit and loss of the investee company were already included in the investment company’s income statement, so they are not separately presented.

Note 4: The current period profit and loss of the investee company and the investment profit and loss recognized in the current period by the investee company are converted in accordance with the average exchange rate, while other profits and losses are converted according to the exchange rate at the end of the period.

• Note5: Compeq Technology (Huizhou) Co., Ltd. purchased 100% of the equity interest in COMPEQ Technology (Thailand) Co., Ltd. from COMPEQ (Thailand) Co., Ltd. a subsidiary of the Company, on August 8, 2025.

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TABLE 8

INFORMATION ON INVESTMENT IN MAINLAND CHINA

1. Amounts in Thousands of New Taiwan Dollars and Foreign currencies in Thousands

Investee Company	Investee Company	Main Businesses and products	Total Amount of paid-in Capital (Foreign Currencies in Thousands)	Method of Investment	Accumulated Outflow of Investment January 1, 2025 (US$ in Thousands)	Accumulated Outflow of Investment January 1, 2025 (US$ in Thousands)	Investment Flows	Investment Flows	Accumulated Outflow of Investment from Taiwan as of December 31, 2025 (US$ in Thousands)	Net income (loss) of investee company	Net income (loss) of investee company	Percentage of Ownership	Shares of profits/Losses (Note 4)	Carrying Amount (US$ in Thousands) as of December 31, 2025 (US$ in Thousands)	Accumulated Inward Remittance of Earnings as of December 31, 2025
							Outflow	Inflow
Compeq Manufacturing (Huizhou) Co., Ltd.		PCB manufacturing and sales	$ 4,661,680 CNY$1,042,301	Invest in mainland China Companies through third-region Companies (Note 1)	$ US$	1,571,500 50,000	－	－	$ 1,571,500 US$ 50,000	$ 1,225,550 CNY$ 283,190		100％	$ 1,223,172 US$ 39,641	$ 10,602,850 US$ 337,348	$ 424,650 US$ 13,218
Compeq Manufacturing (Suzhou) Co., Ltd.		PCB manufacturing and sales	$ 408,669 CNY$ 91,374	(Note 2)	$ US$	345,730 11,000	－	－	$ 345,730 US$ 11,000	$ (125,724) CNY$ (28,826)		100％	$ (125,724) US$ (4,040)	$ 1,063,328 US$ 33,832	－
Compeq Technology (Huizhou) Co., Ltd.		PCB manufacturing and sales	$ 5,727,245 CNY$ 1,280,550	(Note 1)	$ US$	1,508,640 48,000	－	－	$ 1,508,640 US$ 48,000	$ 1,810,645 CNY$ 420,373		100％	$ 1,803,498 US$ 58,806	$ 14,407,217 US$ 458,391	－
Compeq Manufacturing (Chongqing) Co., Ltd.		PCB manufacturing and sales	$ 2,381,107 CNY$ 532,390	(Note 1)		－	－	－	－	$ 1,362,540 CNY$ 312,838		100％	$ 1,362,540 US$ 43,825	$ 12,540,364 US$ 398,993	$ 1,612,179 US$ 52,018
Huabo Technology (Huizhou) Co., Ltd.		Electronic manufacturing, Outsourcing Processing, Plant leasing, Property management, Equipment leasing and electronic technology management and technical consulting	$ 1,295,860 CNY$ 289,740	(Note 3)		－	－	－	－	$ 15,067 CNY$ 3,427		100％	$ 15,067 US$ 478	$ 1,398,372 US$ 44,492	－
	Accumulated Investment in Mainland China as 2025 (US$ in Thousands)			of December 31,		Investment Amounts Authorized by Investment Thousands)			Commission, MOEA (US$ in			Upper Limit on Investment (US$ in		Thousands)
	$ 3,868,719 [US$ 123,090 ]					$ 10,590,370 [US$			336,951 ]			$－(Note 6)

Note 1: Indirectly investment in Mainland China through the HUATON HOLDINGS LIMITED registered in a third region.

Note 2: Originally indirectly investment in Mainland China through the HUATON HOLDINGS LIMITED registered in a third region. In April 2020, investment in Mainland Company through an investment company in mainland China.

Note 3: Investment in Mainland Company through an investment company in Mainland China.

• Note 4: The investment income (loss) recognized in current period adopted the financial statement certificated by the CPA of the parent company in Taiwan.

• Note 5: Initial investment amounts denominated in foreign currencies are translated into New Taiwan Dollars using the spot rates at the financial report date. (US$1:NT$31.43, US$1:NT$31.00, CNY$1:NT$4.4725, CNY$1:NT$4.3803)

Note 6: The Company already received the letter of corporate operation headquarters establishment issued by Industrial Development Bureau, MOEA, and the approval period has been from March 14, 2023 to March 13, 2026. It could be exempt from the restriction on investment amounts or ratios.

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The Company invested resolution	Investment Amounts	Investment Amounts	Investment Amounts	Indirectly Investment in Mainland China	Indirectly Investment in Mainland China
	Approved Number	Authorized Amounts		Investment outflow	Purpose
HUATON HOLDINGS LIMITED	1995/09/29-(84)-84015347	US$ 20,000,000	US$ 20,000,000	US$ 20,000,000	Indirectly investment Compeq Manufacturing (Huizhou) Co., Ltd.
〃	1997/07/14-(86)-86721040	US$ 30,000,000	US$ 30,000,000	US$ 30,000,000	〃
〃	1997/09/18-(86)-86736526	US$ 5,400,000	US$ 5,400,000	US$ 5,400,000	Indirectly investment PEWC (Guangzhou) Co., Ltd. and achieved 45% stake.
〃	2001/07/27-(90)-90022765	US$ 5,400,000	US$ 3,390,000	US$ 1,890,000	〃
〃	2004/02/13-093003687	US$ (1,920,000)	US$ －	US$ (1,296,000)	Reduce investment PEWC (Guangzhou) Co., Ltd. and achieved 8% stake.
〃	2004/04/23-093010705	US$ 2,900,000	US$ 2,900,000	US$ 2,900,000	Indirectly investment Compeq Manufacturing (Suzhou) Co., Ltd. (Note 1)
〃	2004/06/23-093015571	US$ 9,500,000	US$ 9,500,000	US$ 9,500,000	Indirectly investment Compeq Technology (Huizhou) Co., Ltd.
〃	2005/02/23-094001762	US$ 4,100,000	US$ 4,100,000	US$ 4,100,000	Indirectly investment Compeq Manufacturing (Suzhou) Co., Ltd. (Note 1)
〃	2006/03/31-09500069340	US$ 8,500,000	US$ 8,500,000	US$ 8,500,000	Indirectly investment Compeq Technology (Huizhou) Co., Ltd.
〃	2006/03/31-09500069390	US$ 7,000,000	US$ 4,000,000	US$ 4,000,000	Indirectly investment Compeq Manufacturing (Suzhou) Co., Ltd. (Note 1)
〃	2011/03/25-10000119020	US$ (3,000,000)	US$ －	US$ －	Reduce investment Compeq Manufacturing (Suzhou) Co., Ltd. (Note 1)
〃	2006/07/20-09500220150	US$ 290,000	US$ 290,000	US$ －	Directly investment Compeq Manufacturing (Suzhou) Co., Ltd. (Note 1)
〃	2006/12/27-09500445960	US$ 1,000,000	US$ 210,000	US$ 210,000	Indirectly investment Veceration Co., Ltd.
〃	2009/07/24-09800263470	US$ (790,000)	US$ －	US$ －	Reduce investment Veceration Co., Ltd.
〃	2007/01/22-09600008530	US$ 2,886,000	US$ 2,886,000	US$ 2,886,000	Indirectly investment PEWC (Guangzhou) Co., Ltd.
〃	2011/03/28-10000119030	US$ 7,000,000	US$ 7,000,000	US$ －	Directly investment Compeq Technology (Huizhou) Co., Ltd.

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The Company invested resolution	Investment Amounts	Investment Amounts	Investment Amounts	IndirectlyInvestment in Mainland China	IndirectlyInvestment in Mainland China
	Approved Number	Authorized Amounts		Investment outflow	Purpose
〃	2012/03/30-10100019840	US$ 45,000,000	US$ 45,000,000	US$ －	Directly investment Compeq Manufacturing (Chongqing) Co., Ltd.
〃	2012/05/25-10199165700	US$ 15,000,000	US$ 15,000,000	US$ －	Directly investment Compeq Technology (Huizhou)Co., Ltd.
〃	2014/02/27-10200494220	US$ 50,000,000	US$ 40,000,000	US$ －	Directly investment Compeq Manufacturing (Chongqing) Co., Ltd.
〃	2015/03/31-10300357540	US$ 30,000,000	US$ 30,000,000	US$ －	Directly investment Compeq Technology (Huizhou)Co., Ltd.
〃	2017/07/06-10600111220	US$ 15,000,000	US$ 15,000,000	US$ －	Directly investment Compeq Manufacturing (Huizhou) Co., Ltd.
〃	2018/01/31-10600349330	US$ 33,710,000	US$ －	US$ －	Directly investment Compeq Manufacturing (Suzhou)Co., Ltd.(Note 1)
〃	2018/04/02-10600349320	US$ 60,000,000	US$ 30,000,000	US$ 30,000,000	Indirectly investment Compeq Technology (Huizhou) Co., Ltd.
〃	2020/04/27-10900057020	US$ (33,710,000)	US$ －	US$ －	Reduce investment Compeq Manufacturing (Suzhou)Co., Ltd.(Note 1)
〃	2020/04/27-10900057020	US$ 39,974,508	US$ 11,290,000	US$ 11,000,000	Transferred the 100% equity of Compeq Manufacturing (Suzhou) to increase investment Compeq Technology (Huizhou) Co., Ltd. (Note 2)
〃	2025/05/07-11420077740	US$ (10,000,000)	US$ －	US$ －	Reduce investment Compeq Manufacturing (Chongqing)Co., Ltd.(Note 3)
LITON HOLDINGS LTD.	2007/04/24-09600111850	US$ 5,000,000	US$ 5,000,000	US$ 5,000,000	Indirectly investment Victor (Chang shu) Co., Ltd.

Note 1: In April 2020, the shares of Compeq Manufacturing (Suzhou) Co., Ltd. has been transferred 100% to Compeq Technology (Huizhou) Co., Ltd. The Originally investment amount authorized by Investment Commission, MOEA, will not included in the calculation of the company’s total investment in mainland China.

Note 2: The investment amount authorized by Investment Commission, MOEA, includes US$28,684,508 of the capital increase by retained earnings from Compeq Manufacturing (Suzhou) Co., Ltd.

Note 3: The Company deregistered (cancelled) the unexecuted approved investment quota of US$10,000,000 under the Investment Commission, MOEA–approved indirect investment in Compeq Manufacturing (Chongqing) Co., Ltd. in mainland China.

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14. SEGMENT INFORMATION

(1) Operating segments

The Company uses the income from operations as the measurement for segment profit and the basis of performance assessment. There was no material differences between the accounting policies of the operating segment and the accounting policies described in Note 4.

(2) Segment revenue and operating results

The Company’s segment revenue and operating results as follows:

Items		For the Year Ended December 31, 2025	For the Year Ended December 31, 2025	For the Year Ended December 31, 2025
	Taiwan	China	Other	Adjustment and Elimination	Total
Net revenue from external customers Net revenue from sales among intersegments Income (loss) from operations Income tax expense Items	$37,528,024 83,676 3,251,755 $ 728,145				$75,995,687 － 8,150,024 $ 1,512,973
	Taiwan	China	Other	Adjustment and Elimination	Total
Net revenue from external customers Net revenue from sales among intersegments Income (loss) from operations Income tax expense	$37,545,827 167,796 4,600,480 $ 1,227,486	$34,946,210 30,710,350 1,718,200 $ 289,864	$ (27,629) 261,073 (234,538) $ (46,643)	$ － (31,139,219) 43,024 －	$72,464,408 － 6,127,166 $ 1,470,707

• (3) Information on major revenue

Major revenue of the Company as follows:

PCB & SMT Goods Other Total	For the Year Ended December 31	For the Year Ended December 31
	2025 $ 75,368,373 45 627,269 $ 75,995,687	2024
		$ 71,864,660 108 599,640
		$ 72,464,408

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(4) Geographical information

The Company’s revenue from operations from external customers by location of operations and information on its non-current assets by location of assets are shown below. The Company categorized the net revenue based on the location where the customer receives the goods. Non-current assets include property, plant and equipment, right-of-use assets, intangible assets and other non-current assets. Excluded financial instruments and deferred tax assets.

deferred tax assets.
Taiwan United States Asia Europe Others Total	Net Revenue from External Customers		Non-current Assets
	For the Year Ended December 31		December 31, 2025	December 31, 2024
	2025	2024
	$ 1,092,599 11,577,862 63,036,290 38,339 250,597	$ 1,728,378 9,263,238 61,261,365 30,560 180,867	$ 7,447,840 － 31,127,243 － －	$ 7,510,278 － 30,740,452 － －
	$ 75,995,687	$ 72,464,408	$ 38,575,083	$ 38,250,730

(5) Major Customers information

Major customers representing at least 10% of net revenue:

For the Year Ended December 31

Customer	2025		2024
	Amount	%	Amount	%
Customer A Customer B Total	$ 28,676,232 11,399,370	38 15	$ 27,001,133 10,122,249	37 14
	$ 40,075,602	53	$ 37,123,382	51

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