COMPEQ
NO: 2313

2025 ANNUAL REPORT

COMPEQ MANUFACTURING CO., LTD.

Publication: 2026. 3. 20
Website: https://mops.twse.com.tw
https://www.compeq.com.tw

Spokesperson

Name: Fan Lu

Title: Chief Financial Officer

Telephone Number: (886-3) 323-1111

E-mail: [email protected]

Co-Spokesperson

Name: Michael Lee

Title: Senior Manager

Telephone Number: (886-3) 323-1111

E-mail: [email protected]

Company Contact Information

Headquarter & Luchu Plant (CM site)

Address: No. 91, Ln. 814, Daxin Rd., Luzhu Dist., Taoyuan City 338114, Taiwan

CM1 site: No. 91, Ln. 814, Daxin Rd., Luzhu Dist., Taoyuan City 338114, Taiwan

CM2 site: No. 66, Ln. 814, Daxin Rd., Luzhu Dist., Taoyuan City 338114, Taiwan

CM3 site: No. 110, Ln. 938, Daxin Rd., Luzhu Dist., Taoyuan City 338114, Taiwan

Telephone Number: (+886-3) 323-1111

Dayuan Plant (CT site)

CT1 site: No.275, Zhongshan N. Rd., Dayuan Dist., Taoyuan City 337055, Taiwan

CT2 site: No.277-1 and 277-3, Zhongshan N. Rd., Dayuan Dist., Taoyuan City 337055, Taiwan

Telephone Number: (+886-3) 386-3000

Agency Handling Shares Transfer

Name: Taishin Securities Co., Ltd.

Address: B1, No. 96, Sec. 1, Jianguo N. Rd., Zhongshan Dist., Taipei City 104496, Taiwan

Telephone Number: (+886-2) 2504-8125 (ext. 6304~6306)

Website: https://www.tssco.com.tw/stocktransfer

CPA Auditors

Accountant's Name: Hsin-Liang Wu, Chi-Ping Lin

Firm Name: Clock & Co., CPAs.

Address: 14 F., No. 111, Sec. 2, Nanjing E. Rd., Zhongshan Dist., Taipei City 104475, Taiwan

Telephone Number: (+886-2) 2516-5255

Website: https://www.clockcpa.com.tw

The name of any exchanges where the company's securities are traded offshore, and the method by which to access information on said offshore securities: None

Company's Website: https://www.compeq.com.tw

This English version of the Compeq Annual Report is a concise translation of the Mandarin version. This document is created for the sole purpose of the convenience for its non-Mandarin readers and is not an official document to represent the financial status of the Company per Taiwan laws.

Compeq does not assure the accuracy of this translated document. Readers wishing to view the official audited version of Compeq's financial reports can obtain a copy of the Compeq Annual Report (Mandarin version) on the Compeq Corporation website (www.compeq.com.tw).

I. Letter to Shareholders... 1

II. Corporate Governance Report

2.1 Directors, Supervisors and Management Team... 3
2.2 Remuneration of Directors and Management Team... 14
2.3 Implementation of Corporate Governance... 18
2.4 Information Regarding the Company’s Audit Fee and Independence... 65
2.5 Changes in Shareholding of Directors, Supervisors, Managers and Major Shareholders... 65
2.6 Audit Independence... 65
2.7 Changes in Shareholding of Directors, Supervisors, Managers and Major Shareholders... 66
2.8 Relationship among the Top Ten Shareholders... 67
2.9 Ownership of Shares in Affiliated Enterprises... 67

III. Capital Overview

3.1 Capital and Shares... 68
3.2 Corporate Bonds、Convertible Bonds、Exchangeable Bonds、Shelf Registration for Issuing Bonds、Corporate Bonds with Warrants... 71
3.3 Preferred Share and Preferred Share with Warrants... 71
3.4 Global Depository Receipts... 71
3.5 Employee Stock Options... 71
3.6 Issuance of New Restricted Employee Shares... 71
3.7 Status of New Shares Issuance in Connection with Mergers and Acquisitions... 71
3.8 Financing Plans and Implementation... 71

IV. Operational Highlights

4.1 Business Activities... 72
4.2 Market and Sales Overview... 76
4.3 Breakdown Employee Data for The Past Two Years... 79
4.4 Environmental Protection Expenditure... 79
4.5 Employees Relations... 80
4.6 Information security management... 81
4.7 Important Contracts... 84

V. Review of Financial Conditions, Operating Results, and Risk Management

5.1 Analysis of Financial Status...85
5.2 Analysis of Operation Results...86
5.3 Analysis of Cash Flow...87
5.4 Major Capital Expenditure Items...87
5.5 Investment Policy in Last Year, Main Causes for Profits or Losses,
Improvement Plans and the Investment Plans for the Coming Year...88
5.6 Analysis of Risk Management...88
5.7 Other important matters...91

VI. Special Disclosure

6.1 Organization...92
6.2 Private Placement Securities in the Most Recent Years...96
6.3 Any Other Special Notes to be specify...96

■ Any events in 2025 and as of the date of this annual report that had significant impacts on shareholders’right or security prices as stated in item 2 paragraph 3 of Article 36 of Securities and Exchange Law of Taiwan...97
■ Financial Information...98

I. Letter to Our Shareholders

Dear Shareholders:

In 2025, with global inflation slowing, the Fed cutting interest rates three times, and the application of AI technology and low-Earth orbit satellites, demand in the electronics market recovered. According to the IMF statistics, the global GDP grew by $3.2\%$ in 2025. According to the Prismark statistics, the overall PCB industry grew by $15.4\%$ in 2025 compared to 2024.

The company's operating revenue for 2025 was NT$76 billion, growing 4.9% from the NT$72.5 billion in 2024. The net profit for 2025 was NT$ 6.57 billion, growing NT$0.97 billion from the net profit of NT$5.6 billion in 2024. In response to the high-frequency and high-speed applications of satellite communication, AI servers, optical communication, and data center related products, the company focused on building a sound business structure, utilizing advanced big data and intelligent factory management to ensure product quality and delivery time, and establish a competitive business management model.

The global economy is expected to grow more steadily in 2026, and the company will invest in markets with profitable target products, including: AI applications, low-Earth orbit satellites, and optical communications. In addition, the company will continue to prioritize environmental protection, fulfill our corporate social responsibility, and value labor rights in order to meet the expectations of shareholders, customers, and the government, and move towards sustainable operation.

1.1 2025 Operating Report

1.1.1 Operating Report

A. Consolidated Statements of Comprehensive Income

Compared with 2024, our 2025 profit reached NT$ 6.57 billion; Our 2025 EPS was NT$ 5.51 about NT$ 0.81 more. (shown in Table 1).

Table 1. 2025 Comprehensive income summary

Description (Hundred million of NTD)	2025	2024	Variation Rate
Operating Revenues	760.0	724.6	4.9%
Profit from continuing operations before tax	80.8	70.7	10.1
Profit	65.7	56.0	9.7
Earnings per share	5.51	4.70	0.81

B. The Implementation Statements of Budget

Our major products are PCB and SMT assembly service. We have PCB manufacturing sites on Taiwan (Luzhu、Dayuan) and China (Huizhou, including FPC、Chongqing). Total PCB sales was 39 million square feet. The SMT assembly plant has production bases in Suzhou and Huizhou, mainland China, and produces approximately 390 million parts.

C. Technology Development

Our long-term development is to be the leading high-end PCB manufacturer. Our major enhance the ability and quality of research and development, and strengthen the industry and suppliers of information collection. We will continue to devote on new process development technologies, such as satellite communication, AI server and data center products, Optical communication, AR/VR smart glasses, humanoid robot, High-frequency high-speed materials, smart factory, production environment safety improvement, automation improvement, waste reduction and emissions improvement...etc.

1.2 The Outlines for 2026 Business Plan

1.2.1 Operating Guidelines

A. Actively develop business related products such as satellite communications, AI server, data center, optical communications, AR/VR/smart glasses, humanoid robots, etc.
B. In the operation and management system, we continue to reduce variable and fixed costs, improve contribution and increase profits, so that products in all fields of the entire enterprise become more competitive.
C. Improve the factory constitution, implement refined manufacturing management, improve product quality and enhance the quality awareness of all employees. The quality of shipments can meet customer needs and achieve competitive yield levels.
D. Continue to accomplish our social responsibility and commitments to government, customers, share holders, and employee. Keep on environmental protection, respect human rights, and improve our employee's quality of life to become an everlasting green enterprise.

1.2.2 Sale Volume Projection

Our company's main products are circuit boards and SMT.

A. The circuit board production bases are Taoyuan Luzhu, Dayuan, Thailand and Huizhou, Fuling in China.
B. SMT manufacturing bases are Suzhou, Huizhou in China.

1.2.3 The future strategic in product

A. Rigid board products: We are actively seeking orders related to satellite communications, AI servers, data centers, optical communications.
B. FPC board and Rigid-flex board products: We are actively seeking orders related to AR/VR/smart glasses, medical products, humanoid robots, AI related application product.
C. SMT products: Continuously develop profitable products such as optical communications, industrial control, and test boards, and improve the factory's competitiveness in selected market products to enable the factory to operate steadily.

Chairman

P. K. Chiang

II. Corporate Governance Report

2.1 Information of Directors and Management Team

2.1.1 Information of Directors

As of 2026/02/28

Title	Nationality	Name	Gender Age	Date Elected	Term (Years)	Date First Elected	Shareholding when Elected		Current Shareholding		Spouse & Minor Shareholding		Shareholding by Nominee Arrangement
							Shares	%	Shares	%	Shares	%	Shares	%
Chairman of the Board	R.O.C.	P.K. Chiang	Male 61-70	2023.6.15	3	2014.6.12	800,450	0.07	800,450	0.07	0	0.00	0	0
Director	R.O.C.	K.S. Peng	Male 71-80	2023.6.15	3	2002.5.24	8,365,186	0.70	8,365,186	0.70	6,959,113	0.58	0	0
Director	R.O.C.	Chang-Zhi Investment Co., Ltd.	NA	2023.6.15	3	2008.6.13	16,885,000	1.42	17,576,000	1.47	0	0.00	0	0
	R.O.C.	Representative: Charles C. Wu	Male 81-90	2023.6.15	3	1996.5.17	27,195,218	2.28	20,298,718	1.70	14,808,498	1.24	0	0
Director	R.O.C.	Chang-Zhi Investment Co., Ltd.	NA	2023.6.15	3	2008.6.13	16,885,000	1.42	17,576,000	1.47	0	0.00	0	0
	R.O.C.	Representative: Victor Lu	Male 61-70	2023.6.15	3	2023.6.15	18,729	0.00	18,729	0.00	0	0	0	0
Director	R.O.C.	Positive Bo Investment Co., Ltd.	NA	2023.6.15	3	2023.6.15	11,798,000	0.99	21,828,388	1.83	0	0.00	0	0
	R.O.C.	Representative: P.Y. Wu	Male 51-60	2023.6.15	3	2008.6.13	27,280,499	2.29	17,375,911	1.46	0	0.00	0	0
Director	R.O.C.	Xue Dayton Investment Co., Ltd.	NA	2023.6.15	3	2023.6.15	12,831,000	1.08	13,739,000	1.15	0	0.00	0	0
	R.O.C.	Representative: P.H. Wu	Male 51-60	2023.6.15	3	2017.6.16	27,204,857	2.28	27,204,857	2.28	9,059,520	0.76	0	0
Independent Director	R.O.C.	Tzu Kuan Chiu	Female 71-80	2023.6.15	3	2017.6.16	0	0.00	0	0.00	0	0.00	0	0
Independent Director	R.O.C.	Teng Ling Liu	Male 71-80	2023.6.15	3	2017.6.16	1,366,565	0.11	1,368,565	0.11	9,147	0.00	0	0
Independent Director	R.O.C.	Y.C. Huang	Male 71-80	2023.6.15	3	2023.6.15	28,343	0.00	28,343	0.00	47,283	0.00	0	0
Independent Director	R.O.C.	Ming Chuan Ko	Male 71-80	2024.5.30	2	2014.6.12	0	0.00	0	0.00	0	0.00	0	0

Title	Name	Experience ( Education )	Selected Current Positions at Compeq and Other Companies	Directors or Management who are spouses or within Two Degrees of Kinship			Remarks
				Title	Name	Relation
Chairman of the Board	P.K. Chiang	•Bachelor's Degree of Chemical and Materials Engineering, Tamkang University
•President of COMPEQ Manufacturing Co., Ltd.	•CEO of COMPEQ Manufacturing Co., Ltd.
•Director of Huaton Holdings Limited
•Director of Pelican Cove Investment Ltd.
•Chairman of Compeq Manufacturing (Huizhou) Co., Ltd.
•Chairman of Compeq Manufacturing (Chongqing) Co., Ltd.
•Director of Compeq Technology (Huizhou) Co., Ltd.
•Director of Hong Kong Huaton Holdings Trading Company Limited
•Director of COMPEQ (Thailand) Co., Ltd.	—	—	—	—
Director	K.S. Peng	•Bachelor's Degree of Business Administration, Chinese Culture University
•Director of Ming Yu Enterprises Co., Ltd.	None	—	—	—	—
Director	Chang-Zhi Investment Co., Ltd.	NA	NA	—	—	—	Note 2
	Representative: Charles C. Wu	•Bachelor's Degree of Chemical and Materials Engineering, Tunghai University
•Chairman of COMPEQ Manufacturing Co., Ltd.	•Chairman of Chang-Zhi Investment Co., Ltd.	Director	P.Y. Wu	Filiation	—
				Director	P.H. Wu	Filiation	—
Director	Chang-Zhi Investment Co., Ltd.	NA	NA	—	—	—	Note 2
	Representative: Victor Lu	•Bachelor's Degree of Chemical and Materials Engineering, Tamkang University
•Executive Vice President of COMPEQ Manufacturing Co., Ltd.	•Director of Huaton Holdings Limited
•Director of Pelican Cove Investment Ltd.
•Director of Compeq Manufacturing (Huizhou) Co., Ltd.
•Director of Compeq Technology (Huizhou) Co., Ltd.	—	—	—	—
Director	Positive Bo Investment Co., Ltd.	NA	NA	—	—	—	Note 2
	Representative: P.Y. Wu	•Master’s Degree of Electrical Engineering, State University of New York
•Executive Vice President of COMPEQ Manufacturing Co., Ltd	•President of COMPEQ Manufacturing Co., Ltd.
•Director of Huaton Holdings Limited
•Director of Pelican Cove Investment Ltd.
•Director of Compeq Manufacturing (Huizhou) Co., Ltd.
•Chairman of Compeq Technology (Huizhou) Co., Ltd.	Director	Charles C. Wu	Filiation	—

| | | | •Chairman of Compeq Manufacturing (Suzhou) Co., Ltd.
•Director of COMPEQ (Thailand) Co., Ltd.
•Director of Chang-Zhi Investment Co., Ltd.
•Chairman of Positive Bo Investment Co., Ltd. | Director | P.H. Wu | Sibling | — |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Director | Xue Dayton Investment Co., Ltd. | NA | NA | — | — | — | Note 2 |
| | Representative: P.H. Wu | •Master’s Degree of Science, National Chiao Tung University
•Vice President of COMPEQ Manufacturing Co., Ltd. | •Executive Vice President of COMPEQ Manufacturing Co., Ltd.
•Director of Huaton Holdings Limited
•Director of Pelican Cove Investment Ltd.
•Director of Compeq Manufacturing (Huizhou) Co., Ltd.
•Director of Compeq Technology (Huizhou) Co., Ltd.
•Chairman of Huanian Investment Limited
•Supervisor of Compeq Manufacturing (Chongqing) Co., Ltd.
•Supervisor of Chang-Zhi Investment Co., Ltd.
•Chairman of Xue Dayton Investment Co., Ltd. | Director | Charles C. Wu | Filiation | — |
| | | | | Director | P.Y. Wu | Sibling | — |
| Independent Director | Tzu Kuan Chiu | •Ph.D, University of Pennsylvania.
•Professor, Department of Financial Finance, National Central University | •Professor, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
•Remuneration Committee Member. COMPEQ Manufacturing Co., Ltd.
•Audit Committee Member. COMPEQ Manufacturing Co., Ltd. | | — | — | — |
| Independent Director | Teng Ling Liu | •Bachelor's Degree of National Taipei University of Technology
•Vice chairman of COMPEQ Manufacturing Co., Ltd. | •Remuneration Committee Member. COMPEQ Manufacturing Co., Ltd.
•Audit Committee Member. COMPEQ Manufacturing Co., Ltd. | | — | — | — |
| Independent Director | Y.C. Huang | •Master’s Degree of Management, National Central University
•Vice President, Finance Division of COMPEQ Manufacturing Co., Ltd. | •Remuneration Committee Member. COMPEQ Manufacturing Co., Ltd.
•Audit Committee Member. COMPEQ Manufacturing Co., Ltd. | | — | — | — |
| Independent Director | Ming Chuan Ko | •Master's degree from George Washington University
•Managing Director of Mega International Commercial Bank Co., Ltd. | •Remuneration Committee Member. COMPEQ Manufacturing Co., Ltd. | — | — | — | — |

Note 1: Current Shareholding is to the date of the annual report.
Note 2: Major Shareholders of Corporate Shareholders

As of 2025/12/31

Name of corporate shareholder	Major shareholders of the corporate shareholder	Shareholding ratio
Chang-Zhi Investment Co., Ltd.	Hua Nan Commercial Bank in Custody for Charles C. Wu Trust Account	52.05%
	Hua Nan Commercial Bank in Custody for F. M. Peng Trust Account	23.34%
	P. Y. Wu	12.94%
	P. H. Wu	11.67%
Positive Bo Investment Co., Ltd.	P. Y. Wu	98.50%
	L. T. Gao	1.50%
Xue Dayton Investment Co., Ltd.	P. H. Wu	62.86%
	Y. M. Lu	37.14%

Directors' qualification and independent directors' independence condition disclosure

Criteria Name	Professional qualification and experiences	Independence condition
P.K. Chiang	Over 40 years work experience in PCB industry	NA
K.S. Peng	Over 40 years' experience in Commerce and Management.	NA
Chang-Zhi Investment Co., Ltd. Representative: Charles C.Wu	Over 40 years work experience in PCB industry	NA
Chang-Zhi Investment Co., Ltd. Representative: Victor Lu	Over 35 years work experience in PCB industry	NA
Positive Bo Investment Co., Ltd. Representative: P.Y. Wu	Over 25 years work experience in PCB industry	NA
Xue Dayton Investment Co., Ltd. Representative: P.H. Wu	Over 25 years work experience in PCB industry	NA
Tzu Kuan Chiu	Meets the professional qualifications for independent directors: An Instructor or Higher Position in a Department of Commerce, Law, Finance, Accounting, or Other Academic Department Related to the Business Needs of the Company in a Public or Private Junior College, College or University Professor, Department of Financial Finance, National Central University. Not been a person of any conditions defined in Article 30 of the Company Law.	Refer to the Table A
Teng Ling Liu	Meets the professional qualifications for independent directors: Over 40 years Work Experience in the Areas of Management, Finance for the Business of the PCB Company Not been a person of any conditions defined in Article 30 of the Company Law.	Refer to the Table A
Y.C. Huang	Meets the professional qualifications for independent directors: Over 40 years Work Experience in the Areas of Finance the PCB Company Supervisor of TEAMCO INDUSTRIES CORPORATION Not been a person of any conditions defined in Article 30 of the Company Law.	Refer to the Table A
Ming Chuan Ko	Meets the professional qualifications for independent directors: Possesses the necessary work experience in business, law, finance, accounting, or company operations. Managing Director of Mega International Commercial Bank Co., Ltd. Not been a person of any conditions defined in Article 30 of the Company Law.	Refer to the Table A

A. Diversification and independence of Board of Directors:

a. Diversity policy of the Board of Directors

In order to strengthen the company's governance and promote the sound development of the composition and structure of the Board of Directors, the selection of members of the Board of Directors of the company is based on the principle of selecting the right talent for the right job, regardless of nationality, gender, or age, in compliance with regulations. The selection is based on the principle of selecting the right talent for

the right job, focusing on the PCB professional field, supplemented by diversified professional fields such as business management, finance, human resources, and production and sales, in order to strengthen the functions of the Board of Directors through the accumulated management, financial analysis, leadership decision-making, and crisis management capabilities of the relevant work experience of each director.

b. The specific diversification policy goals of the company's board of directors

In addition to the consideration of the company's daily operational needs, the proportion of all directors with PCB professional background should be more than 30%, and the proportion of independent directors with professional fields such as financial, business management, operations, and risk management should be more than 30%. To comply with the policy of advocating for the diversification of directors, one-third of the directors of either gender on the board of directors should be achieved in order to improve the structure of the company's board of directors.

c. Implementation of Diversity Policy

It is assessed that there are 10 directors and independent directors in the company, of which 7 have PCB professional experience, which is in line with the company's principle of selecting directors with the PCB industry as the main body, and 4 independent directors have work experience in the National University of Finance and Accounting, corporate finance and accounting, and PCB practical management, so the overall board of directors not only has the core knowledge of the PCB industry, supplemented by the business judgment capabilities, accounting and financial analysis capabilities, business management capabilities, crisis management capabilities, and decision-making capabilities accumulated by the expertise and experience of each director, etc., to achieve the goal of the diversification policy of the board of directors. However, since the term of office of all directors of the company will not expire until June 14, 2026, with the current female (independent) director, in the future, we will actively look for suitable candidates to serve as directors of the company in the next re-election candidate list to comply with the requirement that one-third of the directors of either gender are achieved, hoping to achieve the ideal goal of diversifying the professional skills and gender of the members of the company's board of directors.

Implementation of Diversity Policy	Status
At least one-third of the board members possess expertise in the PCB industry or business management.	Achieved
At least one-third of the independent directors have expertise in finance, business management, operations, or risk management.	Achieved
At least one-third of the directors of either gender	Not achieved

All directors are of domestic nationality. No independent director has served more than three consecutive terms, and there is consideration for gender diversity in the planning of independent director appointments. As of the end of 2025, the board consists of 2 directors aged 51-60, 2 directors aged 61-70, 5 directors aged 71-80, and 1 director aged 81-90. All independent directors comply with the regulations set by the Financial Supervisory Commission regarding independent directors. For detailed information on each director's education, gender, professional qualifications, and work experience, please refer to the director profiles.

Items Name	Nationality	Gender	Employee of the Company	Age	Work experience in PCB industry	Work Experience in the Areas of Commerce, Law, Finance, or Accounting, or Otherwise Necessary for the Business of the Company	Core item
							Accounting and Financial analysis ability	Business Management ability	Operational management ability	Risk management knowledge and ability
P.K. Chiang	ROC	Male	V	61-70	V			V	V	V
K.S. Peng	ROC	Male		71-80		V		V	V	V
Chang-Zhi Investment Co., Ltd. Representative: Charles C.Wu	ROC	Male		81-90	V			V	V	V
Chang-Zhi Investment Co., Ltd. Representative: Victor Lu	ROC	Male		61-70	V			V	V	V
Positive Bo Investment Co., Ltd. Representative: P.Y. Wu	ROC	Male	V	51-60	V			V	V	V
Xue Dayton Investment Co., Ltd. Representative: P.H. Wu	ROC	Male	V	51-60	V			V	V	V
Tzu Kuan Chiu	ROC	Female		71-80		V	V	V		V
Teng Ling Liu	ROC	Male		71-80	V			V	V	V
Y.C. Huang	ROC	Male		71-80	V	V	V	V		V
Ming Chuan Ko	ROC	Male		71-80		V		V	V	V

B. Independence of Board of Directors

We have 10 directors, including 4 independent directors, representing 40% of the total composition of the Board of Directors. Among them, Directors Charles C. Wu, P.Y. Wu, and P.H. Wu have kinship relationships within the second degree of consanguinity and are not independent directors. The remaining 7 directors have no spousal relationship or kinship within the second degree of consanguinity. Accordingly, we complies with Article 26-3 of the Securities and Exchange Act.

The Board of Directors satisfies the independence requirements as set forth in the table below: (TableA)

Name	Criteria	Met One of the Following Professional Qualification Requirements with at Least Five Years Work Experience			Independence Criteria(Note)
		An Instructor or Higher Position in a Department of Commerce, Law, Finance, Accounting, or Other Academic Department Related to the Business Needs of the Company in a Public or Private Junior College, College or University	A Judge, Public Prosecutor, Attorney, Certified Public Accountant, or Other Professional or Technical Specialist Who has Passed a National Examination and been Awarded a Certificate in a Profession Necessary for the Business of the Company	Have Work Experience in the Areas of Commerce, Law, Finance, or Accounting, or Otherwise Necessary for the Business of the Company	1	2	3	4	5	6	7	8	9	10	11	12
P.K. Chiang				☑			☑		☑	☑		☑	☑	☑	☑	0
K.S. Peng				☑	☑			☑	☑	☑	☑	☑	☑	☑	☑	0
Chang-Zhi Investment Co., Ltd. Representative: Charles C.Wu				☑						☑	☑		☑		☑	0
Chang-Zhi Investment Co., Ltd. Representative: Victor Lu				☑			☑		☑	☑	☑	☑	☑	☑	☑	0
Positive Bo Investment Co., Ltd. Representative: P.Y. Wu				☑						☑	☑		☑		☑	0
Xue Dayton Investment Co., Ltd. Representative: P.H. Wu				☑						☑	☑		☑		☑	0
Tzu Kuan Chiu	☑			☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	0
Teng Ling Liu				☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	0
Y.C. Huang				☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	0
Ming Chuan Ko				☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	☑	0

Note: Please tick the corresponding boxes that apply to the directors or supervisors during the two years prior to being elected or during the term of office.
1. Not an employee of the Company or any of its affiliates.

Not a director or supervisor of the Company or any of its affiliates (not applicable in cases where the person is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws)
Not a natural-person shareholder who holds shares, together with those held by the person’s spouse, minor children, or held by the person under others’ names, in an aggregate amount of 1% or more of the total number of outstanding shares of the Company or ranking in the top 10 in holdings.
Not a spouse, relative within the second degree of kinship, or lineal relative within the third degree of kinship, of any of the persons in the preceding three subparagraphs.
Not a director, supervisor, or employee of a corporate shareholder that directly holds 5% or more of the Company's outstanding shares, a top five shareholder, or appointed as the Company's director or supervisor in accordance with Article 27, Paragraph 1 or 2 of the Company Act (not applicable in cases where the person is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws).
Not a director, supervisor, or employee of other companies controlled by the same person with over half of the Company's director seats or shares with voting rights (not applicable in cases where the person is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws).
Not a director, supervisor, or employee of another company or institution who is the same person or spouse of the Company's chairperson, president or equivalent position (not applicable in cases where the person is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws).
Not a director, supervisor, or executive officer of a specific company or institution with financial or business dealings with the Company, or shareholder with 5% or more shares of the Company (not applicable in cases where the specific company or institution holds 20% or more but less than 50% of the Company's outstanding shares, and is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws).
Not a professional individual who is an owner, partner, director, supervisor, or officer of a sole proprietorship, partnership, company, or institution that provides commercial, legal, financial, accounting services or consultation to the Company or to any affiliate of the Company, or a spouse thereof. These restrictions do not apply to any member of the remuneration committee who exercises powers pursuant to Article 7 of the “Regulations Governing the Establishment and Exercise of Powers of Remuneration Committees of Companies whose Stock is Listed on the TWSE or Traded on the TPEX”.
Not having a marital relationship, or a relative within the second degree of kinship to any other director of the Company.
Not been a person of any conditions defined in Article 30 of the Company Law.
Not a governmental, juridical person or its representative as defined in Article 27 of the Company Law.

2.1.2 Information on the Management Team

As of 2026/02/28

Job title	Nationality	Name	Gender	Date Effective	Shareholding		Spouse & Minor Shareholding		Shareholding by Nominee Arrangement
					Shares	%	Shares	%	Shares	%
CEO	R.O.C.	P.K. Chiang	Male	2012.10	800,450	0.07	0	0.00	0	0
President	R.O.C.	P.Y. Wu	Male	2025.11	17,375,911	1.46	0	0.00	0	0
Executive Vice President	R.O.C.	P.H. Wu	Male	2024.04	27,204,857	2.28	9,059,520	0.76	0	0
Vice President and General Manager of Taiwan Plant	R.O.C.	John Wu	Male	2025.02	16,197	0.00	2,869	0.00	0	0
Vice President	R.O.C.	Tony Chuang	Male	2018.06	93,334	0.00	0	0.00	0	0
Vice President	R.O.C.	Joe Jan	Male	2022.07	6	0.00	0	0.00	0	0
Vice President	R.O.C	Roger Yu	Male	2024.11	0	0.00	0	0.00	0	0
Vice President	R.O.C	Peter Tsai	Male	2024.11	19,219	0.00	0	0.00	0	0
Job title	Name	Principal work experience and academic qualifications	Positions concurrently held in other companies at present	Other managerial officer(s) with which the person has a relationship of spouse or relative within the second degree
---	---	---	---	---	---	---
				Job title	Name	Relation ship
CEO	P.K. Chiang	•Bachelor's Degree of Chemical and Materials Engineering, Tamkang University
•President of COMPEQ Manufacturing Co., Ltd.	•Director of Huaton Holdings Limited
•Director of Pelican Cove Investment Ltd.
•Chairman of Compeq Manufacturing (Huizhou) Co., Ltd.
•Chairman of Compeq Manufacturing (Chongqing) Co., Ltd.
•Director of Compeq Technology (Huizhou) Co., Ltd.
•Director of Hong Kong Huaton Holdings Trading Company Limited
•Director of COMPEQ (Thailand) Co., Ltd.	—	—	—
President	P.Y. Wu	•Master's Degree of Electrical Engineering, State University of New York
•Executive Vice President of COMPEQ Manufacturing Co., Ltd.	•Director of Huaton Holdings Limited
•Director of Pelican Cove Investment Ltd.
•Director of Compeq Manufacturing (Huizhou) Co., Ltd.
•Chairman of Compeq Technology (Huizhou) Co., Ltd.
•Chairman of Compeq Manufacturing (Suzhou) Co., Ltd.	Executive Vice President	P.H. Wu	Sibling

| | | | ●Director of COMPEQ (Thailand) Co., Ltd.
●Director of Chang-Zhi Investment Co., Ltd..
●Chairman of Positive Bo Investment Co., Ltd. | | | |
| --- | --- | --- | --- | --- | --- | --- |
| Executive Vice President | P.H. Wu | ●Master’s Degree of Science, National Chiao Tung University
●Vice President of COMPEQ Manufacturing Co., Ltd. | ●Director of Huaton Holdings Limited
●Director of Pelican Cove Investment Ltd.
●Director of Compeq Manufacturing (Huizhou) Co., Ltd.
●Chairman of Compeq Technology (Huizhou) Co., Ltd.
●Chairman of Compeq Manufacturing (Suzhou) Co., Ltd.
●Director of COMPEQ (Thailand) Co., Ltd.
●Director of Chang-Zhi Investment Co., Ltd.
●Chairman of Positive Bo Investment Co., Ltd. | President | P.Y. Wu | Sibling |
| Vice President and General Manager of Taiwan Plant | John Wu | ●Electrical Engineering, NATIONAL TAIWAN UNIVERSITY OF SCIENCE AND TECHNOLOGY
●General Manager of COMPEQ MANUFACTURING (CHONGQING) CO., LTD. | ●Director of COMPEQ MANUFACTURING (CHONGQING) CO., LTD.
●Director of Huaton Holdings Limited | — | — | — |
| Vice President | Tony Chuang | ●Bachelor's Degree of Civil EngineeringTamkang University
●Chairman of Compeq Manufacturing (Suzhou) Co., Ltd. | None | — | — | — |
| Vice President | Joe Jan | ●Electrical Engineering, Chung Yuan Christian University
●Product General Manager of COMPEQ Manufacturing Co., Ltd. | None | — | — | — |
| Vice President | Roger Yu | ●Master of Chemical Engineering, National Taiwan University
●Director of COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD. | ●Director of Hong Kong Compeq Huizhou Trading Company Limited
●Executive Director of HUABO TECHNOLOGY (HUIZHOU) CO., LTD. | — | — | — |
| Vice President | Peter Tsai | ●Master of Department of Business Administration, National Central University
●Director of Business Management of COMPEQ Manufacturing Co., Ltd. | None | — | — | — |

Note: The management Team are appointed based on operational requirements, and no fixed term of office is stipulated.

2.2 Remuneration of Directors and Management Team
2.2.1 Remuneration of Directors

Unit: NT$ thousands

Title/ Name	Remuneration							Ratio of Total Remuneration (A+B+C+D) to Net Income (%)	Relevant Remuneration Received by Directors Who are Also Employees							Ratio of Total Compensation (A+B+C+D+E+F+G) to Net Income (%)	Compensation Paid to Directors from an Invested Company Other than the Company's Subsidiary
	Base Compensation (A)		Severance Pay (B)		Directors Compensation(C)		Allowances (D)			Salary, Bonuses, and Allowances (E)		Severance Pay (F)		Employee Compensation (G)
	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements		The company	Companies in the consolidated financial statements
Chairman of the Board P.K. Chiang	11,000	11,000	—	—	—	—	—	11,000 0.17%	11,000 0.17%	50,781	60,981	6,868	6,868	121	—	121	—	68,770 1.05%	78,970 1.20%
Director P.Y. Wu
Director P.H. Wu
Director Victor Lu
Director Charles C. Wu
Director K.S. Peng
Independent Director Y.C. Huang	6,000	6,000	—	—	—	—	—	6,000 0.09%	6,000 0.09%	Charles C. Wu and K.S Peng is not Employees.	6,000 0.09%	6,000 0.09%
Independent Independent Director Tzu Kuan Chiu
Independent Director Teng Ling Liu
Independent Director Ming Chuan Ko

Note
1. The remuneration to the Independent Directors of the Company is fixed, with the consideration of the current industrial situation and the frequency that the Independent Directors participate in daily operations. The appropriate amount is distributed after the approvals of the Compensation Committee and the Board of Directors. Independent Directors of the Company fulfill their duties in accordance with relevant laws and regulations. The duties include monitoring, fair presentation of the Company's financial statements, the hiring or dismissal of CPA and their independence and performance, the effective implementation of internal control, legal compliance, the control of existing or potential risks, and the implementation of the rights and responsibilities listed in the Compensation Committee Charter and Audit Committee Charter, etc. The meeting is held at least once a quarter, and may be held at any time when necessary to fulfill the responsibility as good management.
2. In addition to the above information, do directors provide any consultancy service to all consolidated entities and what is its remuneration in the most recent year: None

Range of Remuneration	Name of Directors
	Total of (A+B+C+D)		Total of (A+B+C+D+E+F+G)
	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements
Under NT$ 1,000,000
NT$1,000,000 ~ NT$1,999,999	Charles C. Wu · K.S Peng · P.Y Wu · P.H Wu · Victor Lu · Y.C. Huang · Tzu Kuan Chiu · Teng Ling Liu · Ming Chuan Ko	Charles C. Wu · K.S Peng · P.Y Wu · P.H Wu · Victor Lu · Y.C. Huang · Tzu Kuan Chiu · Teng Ling Liu · Ming Chuan Ko	K.S Peng · Y.C. Huang · Charles C. Wu Tzu Kuan Chiu · Teng Ling Liu · Ming Chuan Ko	K.S Peng · Y.C. Huang · Charles C. Wu Tzu Kuan Chiu · Teng Ling Liu · Ming Chuan Ko
NT$2,000,000 ~ NT$3,499,999
NT$3,500,000 ~ NT$4,999,999	P.K. Chiang	P.K. Chiang
NT$5,000,000 ~ NT$9,999,999
NT$10,000,000 ~ NT$14,999,999			P.Y. Wu · P.H. Wu · Victor Lu	Victor Lu
NT$15,000,000~ NT$29,999,999			P.K. Chiang	P.K. Chiang · P.Y. Wu · P.H. Wu
NT$30,000,000 ~ NT$49,999,999
NT$50,000,000 ~ NT$99,999,999
Over NT$100,000,000
Total	10 persons	10 persons	10 persons	10 persons

Unit: NT$ thousands

2.2.2 Remuneration of Management Team

Title	Name	Salary (A)		Severance Pay (B)		Bonuses and Allowances (C)		Employee Compensation (D)				Ratio of total compensation (A+B+C+D) to net income (%)
		The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements	The company		Companies in the consolidated financial statements		The company	Companies in the consolidated financial statements
								Cash	Stock	Cash	Stock
CEO	P.K. Chiang	17,375	28,975	6,868	6,868	79,073	79,073	322	—	322	—	103,638
1.58%	115,238
1.76%	—
President	P.Y Wu
Executive Vice President	Victor Lu
Executive Vice President	P.H. Wu
Vice President	Tony Chuang
Vice President and General Manager of Taiwan Plant	John Wu
Vice President	Joe Jan
Vice President	Roger Yu
Vice President	Peter Tsai

Range of Remuneration	Name of President and Vice Presidents
	The company	Companies in the consolidated financial statements
Under NT$ 1,000,000
NT$1,000,000 ~ NT$1,999,999
NT$2,000,000 ~ NT$3,499,999
NT$3,500,000 ~ NT$4,999,999
NT$5,000,000 ~ NT$9,999,999	Tony Chuang · Joe Jan · Roger Yu · Peter Tsai	Tony Chuang · Joe Jan · Roger Yu · Peter Tsai
NT$10,000,000 ~ NT$14,999,999	P.Y. Wu · Victor Lu · P.H Wu · John Wu	Victor Lu · John Wu
NT$15,000,000~ NT$29,999,999	P.K. Chiang	P.K. Chiang · P.Y. Wu · P.H Wu
NT$30,000,000 ~ NT$49,999,999
NT$50,000,000 ~ NT$99,999,999
Over NT$100,000,000
Total	9 persons	9 persons

2.2.3 Listed company that has had losses after tax in individual financial reports in the last three years or the result of the corporate governance evaluation is the last-level group recently year, the remuneration of the top five remuneration executives should be disclosed: None

2.2.4 Employee Profit Sharing Granted to Management Team :

	Title	Name	Employee Compensation - in Stock(Fair Market Value)	Employee Compensation - in Cash	Total	Ratio of Total Amount to Net Income (%)
Executive Officers	CEO	P.K. Chiang	--	402	402	0.006%
	President	P.Y Wu
	Executive Vice President	P.H. Wu
	Vice President and General Manager of Taiwan Plant	John Wu
	Vice President	Tony Chuang
	Vice President	Joe Jan
	Vice President	Roger Yu
	Vice President	Peter Tsai
	Chief of Financial Officer	Fine Lu
	Accounting Manager	Chiung Yin Fang

2.2.5 Comparison of Remuneration for Directors and Management Team in the Most Recent Two Fiscal Years and Remuneration Policy for Directors, Supervisors, President and Vice Presidents :

	2025		2024
	The company	Companies in the consolidated financial statements	The company	Companies in the consolidated financial statements
Net Income of year (Unit: NT$ thousands)	6,566,868	6,566,868	5,599,096	5,599,096
Ratio of total remuneration paid to directors to net income (%)	0.26%	0.26%	0.31%	0.31%
Ratio of total remuneration paid to Management Team to net income (%)	1.58%	1.76%	0.96%	1.14%

B. Describe the policy, criteria, packages and rules relating to the remuneration, as well as its relation to business performance and future risks :

Compliance with the Securities Exchange Act and Remuneration Committee Charter of Compeq, the company has established the remuneration committee, which shall exercise the care of a good administrator in faithfully performing the official powers listed below, and shall submit its recommendations for deliberation by the board of directors.

Prescribe and periodically review the performance review and remuneration policy, system, standards, and structure for directors and managements.
Periodically evaluate and prescribe the remuneration of directors and managements.

2.3 Implementation of Corporate Governance

2.3.1 Operation of the Board of Directors :

A. The number of board meetings held in the most recent fiscal year was: 6

The attendance by the directors was as follows:

Title	Name	No. of meetings attended in person	No. of meetings attended by proxy	In-person attendance rate (%)
Chairman of the Board	P.K. Chiang	6	0	100%
Director	K.S. Peng	5	1	83%
Director	Chang-Zhi Investment Co., Ltd. Representative: Charles C. Wu	6	0	100%
Director	Chang-Zhi Investment Co., Ltd. Representative: Victor Lu	5	1	83%
Director	Positive Bo Investment Co., Ltd. Representative: P.Y. Wu	6	0	100%
Director	Xue Dayton Investment Co., Ltd. Representative: P.H. Wu	6	0	100%
Independent Director	Tzu Kuan Chiu	6	0	100%
Independent Director	Teng Ling Liu	6	0	100%
Independent Director	Y.C. Huang	6	0	100%
Independent Director	Ming Chuan Ko	6	0	100%

Other information required to be disclosed:

(1) Any matter under Article 14-3 of the Securities and Exchange Act: The Article 14-3 of the Securities and Exchange Act is not be applicable because the Company has established the Audit Committee. For relevant information, please refer to the “Operation of the Audit Committee” in this Annual Report.
(2) In addition to the matters referred to above, any dissenting or qualified opinion of an independent directory that is on record or stated in writing with respect to any board resolution: None.
The status of implementation of recusals of directors with respect to any motions with which they may have a conflict of interest: specify the director’s name, the content of the motion, the cause for recusal, and whether and how the director voted:

(1) The Company convened the 1st, 2nd, 3rd, and 4th meetings of the 17th Board of Directors in 2025, and the 2nd meeting in 2026, on March 6, May 8, August 7, November 6, 2025, and March 5, 2026, respectively. During the meetings, when discussing the Compensation Committee’s proposals regarding the compensation system for directors and managers, Director P.K. Chiang, P.Y. Wu and P.H. Wu recused himself from the discussion and voting due to a conflict of interest regarding his own compensation. These proposals were subsequently passed without objection by all attending directors.
(2) The Company convened the 4th meeting of the 17th Board of Directors in 2025 on November 6, 2025. During the meeting, the following proposals were discussed: (1) the resignation of Manager P.K. Chiang as President and the proposed appointment of P.Y. Wu as the new Manager (President) of the Company; and (2) the removal of non-compete restrictions for the new Manager (President) P.Y. Wu. Director Charles C. Wu, P.Y. Wu and P.H. Wu, being an interested party or having a relationship within the second degree of kinship with the parties involved, recused himself from the discussion and voting on the aforementioned proposals. The proposals were subsequently passed without objection by all attending directors.
(3) The Company convened the 4th meeting of the 17th Board of Directors in 2025 on November 6, 2025. During the meeting, the proposal regarding Chairman P.K. Chiang concurrently serving as the Company’s CEO was discussed. Chairman P.K. Chiang recused himself from the resolution process, and the proposal was passed without objection by all attending directors.

For a TWSE or TPEx listed company, disclose information including the evaluation cycle and period(s) of the board of directors’ self-evaluations (or peer evaluations) and the evaluation method and content. Additionally, complete Table 2(2) Implementation of Evaluations of the Board of Directors.
Give an evaluation of the targets that were adopted for strengthening of the functions of the board during the current and immediately preceding fiscal years (e.g., establishing an audit committee, increasing information transparency, etc.) and the measures taken toward achievement thereof: All of the board of directors meeting of the company have followed the “Rules of Procedure for the Board of Directors Meeting and related regulations, and the company has established the Audit Committee to ensure the quality of important business decisions. Furthermore, the Sustainability Development Committee was established in 2025 to achieve the Company's Sustainable Development Goals and strengthen sustainable governance. Additionally, an annual performance evaluation of the Board of Directors for the preceding year is conducted at the beginning of each year.

B. Operation of Evaluations of the Board of Directors.

Evaluation cycle	Evaluated period	Evaluation scope	Evaluation method	Evaluation content
Once a year	From January 1, 2025 to December 31, 2025	Including the performance evaluation of the board of directors, individual board members and functional committees.	Including internal self-evaluation of the board of directors, self-evaluation of board members	(1) Performance evaluation of the board of directors: including the level of participation in the company's operations, the quality of the board's decision-making, the composition and structure of the board of directors, the selection and continuous training of directors, internal control, etc.
(2) Performance evaluation of individual directors: including the company's goals and tasks, directors' recognition of responsibilities, participation in the company's operations, internal relationship management and communication, professional and continuous training of directors, internal control, etc.
(3) Performance evaluation of functional committees: the degree of participation in the operation of the company, the recognition of the responsibilities of the functional committees, the decision-making quality of the functional committees, the composition of the functional committees, the selection of members, and internal control

Evaluation Results: The evaluation result was "Good" and was reported to the BOD on March 5, 2026.

2.3.2 Operation of the Audit Committee :

A. Audit Committee :

The number of audit committee meetings held in the most recent fiscal year was: 6.

The attendance by the independent directors was as follows:

Title	Name	No. of meetings attended in person	In-person attendance rate (%)
Independent Director	Teng Ling Liu	6	100%
Independent Director	Tzu Kuan Chiu	6	100%
Independent Director	Y.C. Huang	6	100%
Independent Director	Ming Chuan Ko	6	100%

Other information required to be disclosed:

1-1. Any matter under Article 14-5 of the Securities and Exchange Act:

Meeting Date	Proposal	Independent Director's opinion	Treatment of Independent Director's opinion
2025.03.06	1. Approved 2024 Statement of Internal Control System
2. Approved 2024 Financial Statements
3. Approved 2024 Business Report
4. Approved the proposal for distribution of 2024	None	Approved	proposal was approved as proposed

| | earnings
5. Approved the proposal for Financing with financial institutions
6. Approved the proposal for endorsement, or provision of guarantee
7. Approved intending to loan funds to others
8. Approved the appointment of the chief internal auditor of the company
9. Approved the proposal for the hiring or dismissal of an attesting CPA, and evaluating the Independence.
10. Approved the Amendment to the Articles of Incorporation
11. Approved Major Subsidiary COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD. plan to invest in Thailand | | | |
| --- | --- | --- | --- | --- |
| 2025.05.08 | 1. Approved 2025Q1 Financial Statements
2. Approved the proposal for Financing with financial institutions
3. Approved the proposal for endorsement, or provision of guarantee
4. Approved intending to loan funds to others
5. Approved Announcement of the company’s participation in the investment in Kai-Hong Energy Co., Ltd. | None | Approved | proposal was approved as proposed |
| 2025.08.07 | 1. Approved the proposal for Additions and Amendments of the Internal Control System
2. Approved 2025Q2 Financial Statements
3. Approved the proposal for Financing with financial institutions
4. Approved intending to loan funds to others
5. Approved the proposal Directors & Officers liability Insurance | None | Approved | proposal was approved as proposed |
| 2025.11.06 | 1. Approved 2025Q3 Financial Statements
2. Approved the proposal for Financing with financial institutions
3. Approved the proposal for endorsement, or provision of guarantee
4. Approved intending to loan funds to others | None | Approved | proposal was approved as proposed |
| 2026.02.09 | 1. Approved the Acquisition of the Real Estate Right-of-Use Assets | None | Approved | proposal was approved as proposed |
| 2026.03.05 | 1. Approved 2025 Statement of Internal Control System
2. Approved the amendments to the Company’s Internal Control System
3. Approved 2025 Financial Statements
4. Approved 2025 Business Report
5. Approved the proposal for distribution of 2025 earnings
6. Approved the proposal for Financing with financial institutions
7. Approved the proposal for endorsement, or provision of guarantee
8. Approved intending to loan funds to others
9. Approved the proposal for the hiring or dismissal of an attesting CPA, and evaluating the Independence
10. Approved the amendments to the "Rules for Performance Evaluation of the Board of Directors"
11. Approved the waiver of non-compete restrictions for newly appointed Directors and their representatives, to be submitted to the Annual Shareholders’ Meeting for approval.
12. Approved ratification of the Company’s cash capital increase of 250 million THB in its subsidiary | None | Approved | proposal was approved as proposed |

1-2. In addition to the matters referred to above, any matter that was not approved by the audit committee but was approved by a two-thirds or greater majority resolution of the board of directors: None.

Implementation of recusals of independent directors with respect to any motions with which they may have

a conflict of interest: specify the independent director's name, the content of the motion, the cause for recusal, and whether and how the independent director voted:

During the reporting period of the annual report, there were no such proposals.

Communication between the independent directors and the chief internal audit officer and the CPAs that serve as external auditor: The Independent Directors keep themselves informed of the Company's business and financial status through periodic audit reports and financial statements. They also maintain communication and contact with the Internal Audit Officer and the external CPAs at any time as deemed necessary.

Communication between the independent directors and the chief internal audit officer: once a year at least

Date	Discussion content	Independent Director's opinion
2025.03.06	1. Internal auditing report.
2. Approved 2024 Statement of Internal Control System
3. Independent director's assignment follow-up actions report.	None	Approved
2025.05.08	1. Internal auditing report.
2. Independent director's assignment follow-up actions report.	None	Approved
2025.08.07	1. Internal auditing report.
2. Approved the amendments to the "Payroll Cycle" Internal Control System.
3. Independent director's assignment follow-up actions report.	None	Approved
2025.11.06	1. Internal auditing report.
2. Independent director's assignment follow-up actions report.	None	Approved
2026.03.05	1. Internal auditing report.
2. Self-assessment report on internal control based on external cases of control failure.
3. Approved 2025 Statement of Internal Control System
4. Independent director's assignment follow-up actions report.	None	Approved

Communication between the independent directors and the CPAs that serve as external auditor: once a year at least

Date	Discussion content	Independent Director's opinion
2025.02.25	Communicate the following matters via formal correspondence:
1. Explanation of the communication status with the corporate governance unit.
2. Explanation of the financial audit status.
3. Explanation of the auditor's role, responsibilities, and independence.	None	Approved

2.3.3 Chief corporate governance officer

2.3.3.1 Appointed Fine Lu, the CFO as the chief corporate governance officer to be in charge of Compeq's corporate governance affairs. The corporate governance

affairs are the following items:

A. Handling matters relating to board meetings and shareholders meetings according to laws
B. Producing minutes of board meetings and shareholders meetings
C. Assisting in onboarding and continuous development of directors
D. Furnishing information required for business execution by directors
E. Assisting directors with legal compliance
F. Report to the Board of Directors on the review results regarding whether the independent directors meet the qualifications required by relevant laws and regulations at the time of nomination, appointment, and throughout their tenure.

2.3.3.2 2025 Result of the work:

A. Handling matters relating to Board of Directors and Shareholders' Meetings in compliance with applicable laws and regulations.
B. Producing minutes of board meetings and shareholders meetings
C. Providing course information to assist directors in their ongoing education.
D. Providing each director with the necessary information for business execution before Board meetings.
E. Assisting directors in complying with legal requirements and amendments.
F. Reporting to the Board on whether the independent directors meet the qualifications required by relevant laws and regulations at the time of nomination, appointment, and throughout their tenure during the by-election of independent directors in this term.
G. Assisting in matters related to changes in directors
H. Assisting in other corporate governance matters: Prevention of Insider Trading Education and Awareness: The Company regularly conducts educational sessions for directors, managers, and other insiders regarding insider trading, short-swing trading, and relevant laws and regulations, while providing designated personnel for consultation as needed. For the current year, awareness sessions were conducted on April 2, July 4, and October 14, 2025, for current directors and managers. The sessions covered the scope of material inside information, confidentiality procedures, disclosure requirements, and handling of violations. Summaries of the relevant regulations were also distributed to directors and managers for their reference

2.3.3.3 Continuing education of Chief corporate governance officer in 2025

Date	Institutions	course	Continuing Education Hours
2025/03/20	Taiwan Academy of Banking and Finance	Corporate Governance and Sustainability Workshop	3.0
2025/06/10	Taiwan Stock Exchange Corporation	CDP Taiwan Forum	3.0
2025/07/09	Taiwan Stock Exchange Corporation	CATHAY SUSTAINABLE FINANCE AND CLIMATE CHANGE SUMMIT	6.0

2.3.3.4 Corporate Governance Implementation Status and Deviations from "the Corporate Governance Best-Practice Principles for TWSE Listed Companies"

Evaluation Item	Implementation Status			Deviations from “the Corporate Governance Best-Practice Principles for TWSE Listed Companies” and Reasons
	Yes	No	Abstract Illustration
1. Does the company establish and disclose the Corporate Governance Best-Practice Principles based on “Corporate	V		The Company have established and disclosed Corporate Governance Best Practice Principles of Compeq on	No difference.

Evaluation Item	Implementation Status			Deviations from “the Corporate Governance Best-Practice Principles for TWSE Listed Companies” and Reasons
	Yes	No	Abstract Illustration
Governance Best-Practice Principles for TWSE/TPEx Listed Companies”?			2018.Nov.02
2.Shareholding structure & shareholders’ rights
(1)Does the company establish an internal operating procedure to deal with shareholders’ suggestions, doubts, disputes and litigations, and implement based on the procedure?	V		The Company establishes internal procedures and assigns designated departments to handle shareholder suggestions, proposals, complaints and disputes. Shall there be any legal issue, our legal department and outside counsel will involve and handle the issues.	No difference.
(2)Does the company possess the list of its major shareholders as well as the ultimate owners of those shares?	V		The Company maintains a good relationship with major shareholders and keeps an updated list of the major shareholders.	No difference.
(3)Does the company establish and execute the risk management and firewall system within its conglomerate structure?	V		The Company has established appropriate internal policies and assigned designated personnel to handle risk management mechanism and “firewall” between the Company and its affiliates.	No difference.
(4)Does the company establish internal rules against insiders trading with undisclosed information?	V		The company establishes internal rules against insiders trading.	No difference.
3.Composition and Responsibilities of the Board of Directors
(1)Does the Board develop and implement a diversified policy for the composition of its members?	V		The composition of the board of directors is determined by taking diversity into consideration. All members of the board shall have the knowledge, skills, and experience necessary to perform their duties. To achieve the ideal goal of corporate governance, the board of directors shall possess the following abilities: Ability to make operational judgments. Ability to perform accounting and financial analysis. Ability to conduct management administration. Ability to conduct crisis management. Knowledge of the industry. An international market perspective. Ability to lead. Ability to make policy decisions.	No difference.
(2)Does the company voluntarily establish other functional committees in addition to the Remuneration Committee and the Audit Committee?	V		The Company established Compensation Committee and Audit Committee and its policies and procedures. Additionally, Additionally, in the Board of Directors meeting in the first quarter of 2025, the Company voluntarily established Sustainable Development Committee.	No difference.
(3)Does the company establish a standard to measure the performance of the Board, and implement it annually?	V		The Board of Directors Performance Evaluation Guidelines were established in 2020, and the performance evaluation was completed at the beginning of the year. The results were reported at the Board meeting on first quarter of 2025. The evaluation results will be considered as a reference for the	No difference.

Evaluation Item	Implementation Status			Deviations from “the Corporate Governance Best-Practice Principles for TWSE Listed Companies” and Reasons
	Yes	No	Abstract Illustration
			nomination of reappointment in the next term.
(4)Does the company regularly evaluate the independence of CPAs?	V		Since 2018, the Company has evaluated the independence of CPA once a year. In 2024, reference Audit Quality Indicators (AQIs) and The following 15 items are included in the evaluation: 1) Changes of CPA within 7 years since the latest auditing; 2) No material conflicts of interest in finance with the client; 3) CPA shall avoid any improper relationship with the client; 4) CPA should ensure the integrity, fairness, and independence of their assistants; 5) CPA shall not audit the financial statements of the company he/she served at in the most recent 2 years; 6)The name of CPA cannot be used by others.;7) CPA shall not hold shares of the Company and its affiliates; 8) CPA does not have loans with the Company and its affiliates; 9) CPA does not involve in common investments or shared interests with the Company and its affiliates; 10) CPA does not concurrently hold positions with regular pay in the Company or its affiliates; 11) CPA does not involve in policy making or management in the Company or its affiliates; 12) CPA does not own business that might lose its independence; 13) CPA is not the spouse or relatives within the second degree of kinship of the personnel in the management team; 14) CPA does not receive any work-related commission; 15) CPA does not receive any sanction or involve in any matter that breaches the independence principle.16) Is there an Audit Quality Indicator (AQIs) report?
Backer Tilly Clock& Co issued an "Independence Declaration" and AQIs report to us. This proposal was submitted to and approved by the Audit Committee and the Board of Directors on March 5, 2026.	No difference.
4. Does the company set up a corporate governance unit or appoint personnel responsible for corporate governance matters (including but not limited to providing information for directors and supervisors to perform their functions, handling work related to meetings of the board of directors and the shareholders' meetings, filing company registration and changes to company registration, and producing minutes of board meetings and shareholders' meetings)?	V		The company has appointed a person responsible for corporate governance matters.	No difference.
5. Does the company establish a communication channel and build a designated section on its website for stakeholders (including but not limited to shareholders, employees, customers, and	V		The company establishes a communication channel and builds a designated section on its website for stakeholders, employees, customers, and suppliers, as well as handles all the	No difference.

Evaluation Item	Implementation Status			Deviations from “the Corporate Governance Best-Practice Principles for TWSE Listed Companies” and Reasons
	Yes	No	Abstract Illustration
suppliers), as well as handle all the issues they care for in terms of corporate social responsibilities?			issues they care for in terms of corporate social responsibilities.
6. Does the company appoint a professional shareholder service agency to deal with shareholder affairs?	V		The Company designates Taishin International Bank Stock Transfer Agency Department Inc. to deal with shareholder affairs.	No difference.
7.Information Disclosure
(1)Does the company have a corporate website to disclose both financial standings and the status of corporate governance?	V		The company has an official website to disclose both financial standings and the status of corporate governance.	No difference.
(2)Does the company have other information disclosure channels (e.g. building an English website, appointing designated people to handle information collection and disclosure, creating a spokesman system, webcasting investor conferences)?	V		The company has official website for information disclosure, and appoint designated people to handle information collection and disclosure, creating a spokesman system, webcasting investor conferences.	No difference.
(3)Does the company publish and report its annual financial report within two months after the end of a fiscal year, and publish and report its financial reports for the first, second and third quarters as well as its operating status for each month before the specified deadline?	V		The company publishes and reports its annual financial report in time.	NA
8. Is there any other important information to facilitate a better understanding of the company’s corporate governance practices (e.g., including but not limited to employee rights, employee wellness, investor relations, supplier relations, rights of stakeholders, directors’ and supervisors’ training records, the implementation of risk management policies and risk evaluation measures, the implementation of customer relations policies, and purchasing insurance for directors and supervisors)?	V		1.Employees rights and wellness are stated in internal policies as required by relevant laws and regulations.
2.The Company maintains good relationship with investors and have IR system to handle the investors; affairs.
3.The company designates personnel exclusively dedicated to handling suppliers’ affairs.
4.The company maintains communication with stakeholders and safeguards their rights and interests. The company maintains channels of communication with its banks, other creditors, employees, consumers, suppliers, community, or other stakeholders of the company, respects and safeguards their legal rights and interests, and designates a stakeholders section on its website. When any of a stakeholder’s legal rights or interests is harmed, the company shall handle the matter in a proper manner and in good faith.
5.Continuing education of directors: None
6.Internal control, auditing and self-evaluation procedures are in place.
7.In order to protect the interests of the consumers and customers, the company has designated personnel exclusively dedicated to handling the customers’ proposals, inquiries, and	No difference.

Evaluation Item	Implementation Status
	Yes	No	Abstract Illustration
			disputes.
8. The company has taken out directors liability insurance with respect to liabilities resulting from exercising their duties during their terms of occupancy so as to reduce and spread the risk of material harm to the company and shareholders arising from the wrongdoings or negligence of a director.
9. Please explain the improvements which have been made in accordance with the results of the Corporate Governance Evaluation System released by the Corporate Governance Center, Taiwan Stock Exchange, and provide the priority enhancement measures.
The result of the Corporate Governance Evaluation of the company falls in the range of the first 51% to 65% of the Taiwan listed companies for the 2024 year. In the future, we will gradually adjust the relevant matters for improvement.

2.3.4 Status of Remuneration Committee

A. Salary and Remuneration Committee Member Information

Name\Criteria	Professional qualification and experiences	Independence condition
Independent Director Y.C. Huang	An Instructor or Higher Position in a Department of Commerce, Law, Finance, Accounting, or Other Academic Department Related to the Business Needs of the Company in a Public or Private Junior College, College or University Professor, Institute of Human Resource Management, National Central University. Not been a person of any conditions defined in Article 30 of the Company Law. (Refer to P.14 Table A)	(Refer to P.15 Table B)
Independent Director Tzu Kuan Chiu	An Instructor or Higher Position in a Department of Commerce, Law, Finance, Accounting, or Other Academic Department Related to the Business Needs of the Company in a Public or Private Junior College, College or University Professor, Department of Financial Finance, National Central University. Not been a person of any conditions defined in Article 30 of the Company Law. (Refer to P.14 Table A)	(Refer to P.15 Table B)
Independent Director Teng Ling Liu	Over 40 years Work Experience in the Areas of Management, Finance for the Business of the PCB Company Not been a person of any conditions defined in Article 30 of the Company Law. (Refer to P.14 Table A)	(Refer to P.15 Table B)

B. A total of 5 meetings of Remuneration Committee were held in the previous period.

The status of attendance is as follows.

| Title | Name | Attendance in Person (B) | By Proxy | Attendance Rate (%)
【B/A】 | Remarks |
| --- | --- | --- | --- | --- | --- |
| Chairman | Teng Ling Liu | 5 | 0 | 100% | |
| Member | Tzu Kuan Chiu | 5 | 0 | 100% | |
| Member | Y.C. Huang | 5 | 0 | 100% | |
| Note 1: The functions of the Committee are to professionally and objectively evaluate the policies and systems for compensation of the directors and managements, and submit recommendations to the board of directors for its reference in decision making.
Other Information to be disclosed: | | | | | |
| Meeting Date | Proposal | | Independent Director’s opinion | Resolution | Treatment of Independent Director’s opinion |
| 2025.03.06 | 1.2024Q4 bonus payment review and approval.
2.The performance outcome and approval of infrastructure construction bonus in 2024.
3.The performance outcome and approval of target bonus in 2024. | | None | proposal was approved as proposed | Approved |
| 2025.05.08 | 1..2024Q1 bonus payment review and approval. | | None | proposal was approved as proposed | Approved |
| 2025.08.07 | 1.2025Q2 bonus payment review and approval.
2. Retention bonus payment review and approval. | | None | proposal was approved as proposed | Approved |
| 2025.11.06 | 1.2025Q3 bonus payment review and approval. | | None | proposal was approved as proposed | Approved |
| 2026.03.05 | 1.2025Q4 bonus payment review and approval.
2.The performance outcome and approval of infrastructure construction bonus in 2025.
3.The performance outcome and approval of target bonus in 2025. | | None | proposal was approved as proposed | Approved |
| 1. If Board of Directors did not adopt or revise the proposal made by the Compensation Committee, please specify the date, session, agendas and resolutions of the Board of Directors meeting and how the Company handled the proposal made by the Compensation Committee (If amount of the compensation approved by the Board of Directors is higher than that proposed by the Compensation Committee, please specify the reasons and differences in proposals.): None.
2. If any members of the Compensation Committee were against or reserved their opinions towards the resolutions, please specify the date, session, agendas, opinions of all members and how the opinions were handled: None. | | | | | |

2.3.5 Fulfillment of Social Responsibility and Deviations from the "Corporate Social Responsibility Best-Practice Principles for TWSE/TPEx Listed Companies" and Reasons

Evaluation Item	Implementation Status			Deviations from “the Corporate Social Responsibility Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons
	yes	No	Abstract Explanation
1. Whether the Company has set up a sustainable development management structure, as well as relevant special (part- time) unit to follow up related matters under the supervision of executive managers authorized by Board of Directors.	V		The company has been actively following corporate governance, developing a sustainable economy and maintaining social welfare for a long time. Currently, there is a dedicated CSR organization. The chairman of the board is the person in charge of social responsibility, and senior managers are assigned as representatives of social responsibility management. Report the implementation and disclose the Sustainability Report by the end of June every year.	No difference.
2. Does the company assess ESG risks associated with its operations based on the principle of materiality, and establish related risk management policies or strategies?	V		Compeq’s identification of major topics is based on the GRI Guidelines to evaluate two aspects such as the economic, environmental and social impacts, as well as the assessment of impact on the stakeholders. The objective is to evaluate the consequences of relevant economic, environmental and social impacts from Compeq. However, if the green products create economic, environmental and/or social impacts, or they are significant to the decision-making of stakeholders, then it should be made clear to the stakeholders through the use of assessment tools in the existing product life cycle.	No difference.
3 Sustainable Environment Development

3.1 Does the company establish proper environmental management systems based on the characteristics of their industries?	V	COMPEQ has established an environmental management system in accordance with ISO14001, created complete program documentation, and regularly accepts the 3^{rd} party audits.	No difference.
3.2 Does the company endeavor to utilize all resources more efficiently and use renewable materials which have low impact on the environment?	V	COMPEQ is committed to improving the recycling and reuse of various resources (such as water, copper, gold, silver and other metal recycling), as well as increasing the utilization rate of sheet materials and reducing waste output.	No difference.
3.3 Does the company evaluate potential risks and opportunities brought by climate change, and take response measures to climate-related issues?	V	In addition to conducting greenhouse gas inventories and reduction plans, COMPEQ also proactively discloses its corporate implementation results. Disclosure channels include the annual corporate social responsibility report published in June each year, customer questionnaires, and participation in the Carbon Disclosure Project (CDP)	No difference.

| 3.4 Does the company compile statistics of greenhouse gas emissions, water use, and total weight of waste in the past two years, and does it establish policies for energy conservation & carbon reduction, greenhouse gas emission reduction, water use reduction, and other waste management? | V | In addition to regularly reviewing greenhouse gases, water consumption, and total weight of waste, COMPEQ also sets relevant policy targets for regular review and continuous improvement to fulfill its social responsibilities.
(1) In 2025, the Luzhu Plant recorded Scope 1 greenhouse gas emissions of 36,106 tCO2e/year (16.23%). Scope 2 emissions totaled 119,089 tCO_2e/year based on the market-based method (53.54%) and 120,809 tCO_2e/year based on the location-based method.
Additionally, Scope 3 emissions were incorporated, totaling 67,239 tCO_2e/year and representing 30.23% of the overall emissions profile.
(2) Regarding water conservation,COMPEQ continues to review and reduce water use in its processes, and has increased the reuse of recycled water.
COMPEQ has established a water use verification system to increase the amount of recycled water (a total of 144,300 tons have been recycled in the Taiwan’s plants). System audit, continuously reduce process water consumption, and work towards the goal of reducing water consumption by 1%.
As for waste, waste generated by the process is legally classified into hazardous and non-hazardous categories. A dedicated management unit is set up in accordance with the ISO14001 management procedures to effectively control the source and output of waste, adhere to the principle of minimizing waste and maximizing recycling and reuse rates. | No difference. |
| --- | --- | --- | --- |
| 4.Social issues | | | |
| 4.1 Does the company formulate appropriate management policies and procedures according to relevant regulations and the International Bill of Human Rights? | V | The Company follows international guidelines defined in SA8000 and BRA to protect our employees. If there are any conflicting provisions then the more rigorous provision is adopted. | No difference. |

4.2 Does the company have reasonable employee benefit measures (including salaries, leave, and other benefits), and do business performance or results reflect on employee salaries?	V	The Group complies with the Labor Standards Act and related laws and regulations when setting salary and benefits measures, and provides benefits that are competitive in the market to encourage employees. Furthermore, periodic evaluations are conducted for issuing performance bonuses to share profits with employees.	No difference.
4.3 Does the company provide a healthy and safe working environment and organize training on health and safety for its employees on a regular basis	V	COMPEQ formulates occupational safety and health management policies in accordance with laws, customer requirements and the company's sustainable business philosophy, and plans the management system with prevention as the core concept, strictly abides by applicable laws and requirements of relevant parties, continuously improves occupational safety and health performance, and strives to achieve no major Damage target. Although the severity rate of disabling injuries in 2024 declined compared to last year, COMPEQ continues to review the causes of injuries, promote observation of workplace safety behaviors, improve equipment safety devices, enhance employee safety awareness and behavioral correction, in order to effectively reduce the risk of injuries. In terms of employee health, we provide health services to medical staff, plan a variety of health promotion activities and share monthly health topics to enhance the physical and mental health of employees. Number of people and man-hours of occupational safety education and training in the past three years:

Year training Training
person-times person-hours
2023 5,047 14,270
2024 3,373 9,064
2025 4,751 13,666

Corporate Certification Status : With the exception of our Suzhou plant, all of the company's manufacturing sites have successfully obtained ISO 45001 certification. Throughout 2025 , there were no major fire incidents and zero personnel casualties reported across all facilities | No difference. |

4.4 Does the company provide its employees with career development and training sessions?	V	The company provides a range of comprehensive training programs based on the organization and roles. The head of each functional unit is responsible for defining the skills and knowledge required for personnel of all levels in their particular field. With the assistance of the training unit, these are converted into suitable training courses that give employees the professional skills and knowledge required to carry out their work. All employees are encouraged to actively share their knowledge and combine the results with the performance evaluation system in order to realize the goal of employee learning and the passing down of experience.
4.5 Does the company comply with relevant regulations and international standards in customer health and safety, customer privacy, and marketing and labeling its goods and services, and has it established consumer rights protection policies and complaint procedures?	V	As the company’s operations do not include end-users, we only ensure that the products and services provided for customers and by suppliers and if their collections and payments meet the contract terms and related laws and regulations.
1. We ensure that products or services are provided in compliance with the contract terms and related laws and regulations.
2. Where appropriate and applicable, we provide correct and clear information regarding the content, maintenance and repair, storage, and disposal of products or services to ensure customers are well informed prior to making a decision.
3. We establish and implement a transparent and effective customer grievance procedure fairly and timely to resolve customer grievances without incurring undue fees or burdens.
We do not to engage in any deception, misdirection, fraud or unfair statements or omissions, or any other improper acts.	No difference.

4.6 Does the company have a supplier management policy, require suppliers to comply with regulations on environmental protection, occupational safety and health, and labor rights, and what is its implementation status	V	CSR performance is the one of the company’s main concerns in supplier selection. Apart from requesting qualified suppliers to sign the “Compeq Supplier CSR and Code of Ethics Declaration,” we require suppliers to fill in the “Supplier CSR Self-Assessment Form” or conduct a “Supplier CSR Audit” in respect of their risks.	No difference.
5. Does the company reference internationally accepted reporting standards or guidelines, and prepare reports that disclose non-financial information of the company, such as corporate social responsibility reports? Do the reports above obtain assurance from a third party verification unit?	V	Compeq prepares the Sustainability Report in accordance with the GRI and SASB, and includes relevant content corresponding to the "Operational Procedures for the Preparation and Application of Corporate Social Responsibility Reports by Listed Companies" and the United Nations Sustainable Development Goals (SDGs). Sustainable regional integration. Obtained the assurance of a third-party verification unit(DQS) for the previous disclosure report and published it on the company's website.	No difference.
6. If the Company has established the Sustainable Development Principles based on “the Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies”, please describe any discrepancy between the Principles and their implementation :
The company has formulated a code of practice for corporate social responsibility and established an internal control system in accordance with relevant regulations such as the Company Law and the Securities Exchange Law. It has disclosed relevant information on the company's website, and has also obtained ISO45001 and ISO14001 certification.When actual operation, the company will follow the content of the code, and conducts social responsibility promotion on the internal platform from time to time, conducts relevant training in new personnel training courses, and strengthens the promotion of planning corporate social responsibility and ethical behavior to strengthen corporate social responsibility, and also continue to regularly review the implementation of the code and improve accordingly, and there is no difference in implementation so far.
7 Other important information to facilitate a better understanding of the company's Sustainable Development practices :
There is a specific CSR section on the company’s official website including CSR/ Sustainable Development policy, targets and management procedures. (http://www.compeq.com.tw/duty03.php).

2.3.5.1 Climate-related Information of Listed Companies

Item	Execution situation
1. The supervision and governance of climate-related risks and opportunities by the board of directors and management team
2. How do the identified climate-related risks and opportunities affect the company's business, strategy, and finances (short-term, medium-term, and long-term)?
3. Description of the impact of extreme weather events and transformation actions on finances.
4. How the identification, assessment, and management process of climate risks is integrated into the overall risk management system.
5. Describe the scenario, parameters, assumptions, analysis factors, and key financial impacts of using scenario analysis to evaluate resilience to climate change risks.
6. If there is a transition plan for managing climate-related risks, please describe the plan's contents, as well as the indicators and goals used to identify and manage physical and transition risks.
7. If internal carbon pricing is used as a planning tool, the basis for price determination should be explained.
8. If climate-related targets are set, the following information should be provided: the activities covered, the scope of greenhouse gas emissions, the planning timeline, progress made each year, etc. If carbon offsets or renewable energy certificates (RECs) are used to achieve these targets, information should be provided on the source and quantity of carbon offsets or RECs used.
9. Greenhouse Gas Inventory and Verification Status (refer to the table).	1. In line with the Financial Supervisory Commission’s sustainable development roadmap, the implementation status and plan of greenhouse gas inventory in the factory will be regularly reported to the board of directors every quarter for supervision and governance.
2. Internal management reviews possible climate risks and related opportunities and assesses the impact of relevant parameters on finance and the company.
The review is still ongoing and is expected to be presented in the ESG report.
3. The entire company continues to improve equipment performance and raw materials, and continues to evaluate the possibility of using renewable energy.
The subsidiary has planned to purchase Green Electricity Certificates (GECs) to meet the requirements, while the parent company continues to evaluate ways to purchase renewable energy
4. The disclosure and verifications of greenhouse gas inventories are as follows.

2.3.5.2 Greenhouse gas inventory and verification status for the past two years
$\Lambda$ Greenhouse gas inventory information

Company information : Company with a capital of over 10 billion NT dollars.	According to the sustainability development roadmap for listed companies, disclosure of the parent company's individual inventory and verification report is required.
	Total emissions (metric tons of CO2e)
---	---
Scope 1	2024
Parent company	93,942
Subsidiary	146,582
Total	240,524
Scope 2	Total emissions (metric tons of CO2e)
Parent company	165,880
Subsidiary	255,915
Total	421,795
Scope 3	Total emissions (metric tons of CO2e)
Parent company	107,540
Subsidiary	97,160
Total	204,700

B. Greenhouse gas assurance information

Provide an explanation of the assurance status for the most recent two fiscal years up to the date of the annual report printing, including the scope of assurance, assurance provider, assurance standards, and assurance opinion
In the past two years, we have commissioned third parties to conduct verification. The subsidiary (Chongqing Plant/Suzhou Plant/Thailand Plant) has only conducted greenhouse gas inventory and has not yet verified by the third party. Overall, COMPEQ still complies with the regulations of the sustainable development roadmap of government.(parent company: TUV Subsidiary: SGS) The 2025 greenhouse gas inventory data has not yet been verified. The verified inventory data will be published in the ESG Sustainability Report

Provide an explanation of the assurance status for the most recent two fiscal years up to the date of the annual report printing, including the scope of assurance, assurance provider, assurance standards, and assurance opinion

In the past two years, we have commissioned third parties to conduct verification. The subsidiary (Chongqing Plant/Suzhou Plant/Thailand Plant) has only conducted greenhouse gas inventory and has not yet verified by the third party. Overall, COMPEQ still complies with the regulations of the sustainable development roadmap of government.(parent company: TUV Subsidiary: SGS) The 2025 greenhouse gas inventory data has not yet been verified. The verified inventory data will be published in the ESG Sustainability Report

C. Greenhouse gas reduction targets, strategies, and specific action plans

Describe the baseline year and data for greenhouse gas reduction, reduction targets, strategies, specific action plans, and progress towards achieving reduction targets.
With reference to the goals of same industries and COMPEQ’s current situation, we will meet the regulatory requirements for renewable energy for major energy users, set mid- and long-term goals for renewable energy, and set a goal of reducing carbon emissions by 30% by 2030, with 2025 as the base year.
->Continue to implement Scope 1 and 2 greenhouse gas inventory and obtain ISO 14064-1 certification (Luzhu/Dayuan/Huizhou Computer/Huizhou Precision). From 2023, the inventory scope will be expanded to Scope 3 projects, with comprehensive inventory, verification and disclosure. The other factories (Chongqing/Suzhou/Thailand) are expected to be verified in 2027.
->Continue to promote various innovative energy-saving and emission-reduction projects, and the top management of each production plant will make adjustments at any time through regular quarterly reviews, continuously revise and set goals to ensure that the goals are achieved.
->Regularly consider environmental regulations, customer requirements, stakeholder expectations and external initiatives, and continue to participate in the international carbon disclosure project CDP response.

(1)2024 Luzhu 1st Plant Greenhouse Gas Inventory Report Verification Certificate

TUVNORD

OPINION

Greenhouse Gases Verification Opinion
ISO 14064-1:2018

Given to
COMPEQ MANUFACTURING CO., LTD. 1ST PLANT
Office Address
No. 91, Lane 814, Daxin Rd., Shin-Juang Village, Luzhu Dist., Taoyuan City, Taiwan

The quantity of Greenhouse Gas of the above organization and found to be in accordance with ISO 14064-2:2019. (detailed information please refer to next page)

Report Year	: 2024
Greenhouse Gases
Direct Emissions	: 2,341.3122 CO2-e Tonnes/ year
Energy Indirect Emissions(Category2)	: 43,527.0123 CO2-e Tonnes/ year
Other Indirect Emissions (Category3-6)	: 24,176.4542 CO2-e Tonnes/ year
Sum	: 70,044.779 CO2-e Tonnes/ year
Materiality	: 5%
Reasonable Assurance	: Direct and Energy Indirect Emissions
Limited Assurance	: Category3-6

Opinion No.: GHG-252287052
Version: V1.1
Verify Date: 2025-04-24
Issue Date: 2025-05-03

Verification Body
at TUV NORD Taiwan Co., Ltd.

TUV NORD Taiwan Co., Ltd.
Room A1, 9F, No.233, Sec. 2,
Tun Hua S. Rd.
Taipei 10059 Taiwan, R.O.C.

Further clarifications regarding the scope of this opinion and the applicability of the standard may be obtained by consulting the organization
TUV NORD Taiwan Co., Ltd. Room A1, 9F, No. 333, Sec. 2, Tun Hua S. Rd., Taipei, Taiwan www.tuv-nord.com/tao/en

Page 1 of 3

TÜV NORD

OPINION

Appendix to Opinion No. GHG-252267052

ISO 14064-1 : 2018

TUV NORD Taiwan Co., Ltd (hereinafter referred to as "TUV NORD") has been contracted with Compex Manufacturing Co., Ltd, 1ST Plant (hereinafter referred to as "Compex 1ST Plant"), No. 91, Lane 814, Osein Rd., Shih-Juang Village, Lushu Dist., Taoyuan City, Taiwan for the verification of direct and indirect greenhouse gas emissions in accordance with ISO 14064-20019. In the GHG Opinion in the form of GHG report covering GHG emissions of the period 2024-01-01 to 2024-12-31.

Notes and responsibilities

The management of Compex 1st Plant is responsible for the organization's GHG information system, the development and maintenance of records and reporting procedures in accordance with that system, including the calculation and determination of GHG emissions information and the reported GHG emissions.

TUV NORD conducted a third party verification to express an independent GHG verification opinion on the GHG emissions as provided in the GHG Opinion for the period year 2024.

Level of Assurance

The level of assurance agreed are that of reasonable assurance for category 1 and 2; Limited level assurance from category 3 to 6.

Scope

Verification of GHG emissions within the organization's boundary and is based on ISO 14064-20019.

Types of GHGs included: CO₂, CH₄, N₂O, HFC₃, PFC₃, SF₆, NF₃
The IPCC 2013 ARS GWP values are applied in the inventory.
GHG information for the following period was verified on 2025-04-09 to 2025-04-24.

Page 2 of 3

TUV NORD

The GHG emissions are described as below:

| GHG emissions categorization | | Description | GHG emission
(tonnes of CO₂s per year) |
| --- | --- | --- | --- |
| Direct Emissions/ Category 1 | | Occur from GHG sources inside organizational boundaries and that are owned or controlled by the organization. | 2,341,9122 |
| Energy Indirect Emissions | Category 2 | Indirect GHG emissions from imported energy | 43,527,0123 |
| Indirect Emissions | Category 3 | Indirect GHG emissions from transportation | 467,4069 |
| | Category 4 | Indirect GHG emissions from products used by an organization | 23,709,0473 |
| | Category 5 | Indirect GHG emissions associated with the use of products from the organization | Undisclosed |
| | Category 6 | Other sources | Undisclosed |
| Direct Emissions and Indirect Emissions | | | 70,044,779 |

The GHG emissions categorization are based on Annex B of ISO14084-1:2018.

Intended User of Verification Opinion: Organizations use for their own reference.

Confidentiality

The reports and appendix are not allowed to be edited, duplicated, or published without the clients' agreement.

Avoidance of Conflict of Interest

The reports was verified with fairness and honestly.

Verifiers Group

According as the above opinion were judgement by TUV NORD.

Verification Body at TUV NORD 1st went to Ltd.

TUV NORD Taiwan Co., Ltd.
Room A1, 9F, No.333, Sec. 2,
Tun Hua S. Rd.
Taipei 10660 Taiwan, P.O.C.

Further clarifications regarding the scope of this opinion and the applicability of the standard may be obtained by consulting the organization

TUV NORD Taiwan Co., Ltd. Room A1, 9F, No. 333, Sec. 2, Tun Hua S. Rd., Taipei, Taiwan www.tuv-nord.com/txi/sn

Page 3 of 3

(2)2024 Luzhu 2nd Plant Greenhouse Gas Inventory Report Verification Certificate

TUVNORD

OPINION

Greenhouse Gases Verification Opinion
ISO 14064-1:2018

Gives to
COMPEQ MANUFACTURING CO., LTD. 2ND PLANT
Office Address
No. 66, Lane 814, Daxin Rd., Shin-Juang Village, Luzhu Dist., Taoyuan City, Taiwan

The quantity of Greenhouse Gas of the above organization and found to be in accordance with ISO 14064-3:2019. (detailed information please refer to next page)

Report Year	: 2024
Greenhouse Gases
Direct Emissions	: 922.2824 CO2-e Tonnes/year
Energy Indirect
Emissions(Category2)	: 17,217.5014 CO2-e Tonnes/year
Other Indirect Emissions	: 10,804.1713 CO2-e Tonnes/year
(Category3-6)
Sum	: 28,943.955 CO2-e Tonnes/year
Materiality	: 5%
Reasonable Assurance	: Direct and Energy Indirect Emissions
Limited Assurance	: Category3-6

Opinion No. GHG-252267053
Version: V1.1
Verify Date: 2025-04-23
Issue Date: 2025-05-04

TUV NORD Taiwan Co., Ltd.
Room A1, 9F, No.333, Sec. 2,
Tun Hua S. Rd.
Taipei 10669 Taiwan, R.O.C.

Page 1 of 3

TUVNORD

OPINION

Appendix to Opinion No. GHG-252267053

ISO 14064-1 : 2018

TUV NORD Taiwan Co., Ltd (hereinafter referred to as "TUV NORD") has been contracted with Compoq Manufacturing Co., Ltd, 2nd Plant (hereinafter referred to as "Compoq 2nd Plant"), No. 66, Lane 814, Daxin Rd., Shun Juang Village, Luzhu Dist., Taoyuan City, Taiwan for the verification of direct and indirect greenhouse gas emissions in accordance with ISO 14064-3:2018. In the GHG Opinion in the form of GHG report covering GHG emissions of the period 2024-01-01 to 2024-12-31.

Roles and responsibilities

The management of Compoq 2nd Plant is responsible for the organization's GHG information system, the development and maintenance of records and reporting procedures in accordance with that system, including the calculation and determination of GHG emissions information and the reported GHG emissions.

TUV NORD conducted a third party verification to express an independent GHG verification opinion on the GHG emissions as provided in the GHG Opinion for the period year 2024.

Level of Assurance

The level of assurance agreed are that of reasonable assurance for category I and 2; Limited level assurance from category 3 to 6.

Scope

Verification of GHG emissions within the organization's boundary and is based on ISO 14064-3:2018.

Types of GHGs included: CO₂, CH₄, NiO, HFC₄, PTC₄, SF₆, NF₆
The IPCC 2013 AR5 GWP values are applied in the inventory.
GHG information for the following period was verified on 2025-04-09 to 2025-04-22.

Page 2 of 2

TUV NORD

The GHG emissions are described as below:

| GHG emissions categorization | | Description | GHG emission
(tonnes of CO₂s per year) |
| --- | --- | --- | --- |
| Direct Emissions/ Category 1 | | Occur from GHG sources inside organizational boundaries and that are owned or controlled by the organization. | 922,2824 |
| Energy Indirect Emissions | Category 2 | Indirect GHG emissions from imported energy | 17,317,5014 |
| Indirect Emissions | Category 3 | Indirect GHG emissions from transportation | 408,2286 |
| | Category 4 | Indirect GHG emissions from products used by an organization | 10,397,8427 |
| | Category 5 | Indirect GHG emissions associated with the use of products from the organization | Undisclosed |
| | Category 6 | Other sources | Undisclosed |
| Direct Emissions and Indirect Emissions | | | 26,943,855 |

The GHG emissions categorization are based on Annex B of ISO14064-1:2018.

Intended User of Verification Opinion: Organizations use for their own reference.

Confidentiality

The reports and appendix are not allowed to be edited, duplicated, or published without the clients' agreement.

Avoidance of Conflict of Interest

The reports was verified with fairness and honestly.

Verifiers Group

According to the above opinion were judgement by TUV NORD.

TUV NORD Taiwan Co., Ltd.
Room A1, 9F, No.333, Sec. 2,
Tun Hua S. Rd
Taipei 10660 Taiwan, R.O.C.

Further clarifications regarding the scope of this opinion and the applicability of the standard may be obtained by consulting the organization

TUV NORD Taiwan Co., Ltd. Room A1, 9F, No. 333, Sec. 2, Tun Hua S. Rd., Taipei, Taiwan www.tuv-nord.com/tw/en

Page 3 of 3

(3)2024 Luzhu 3rd Plant Greenhouse Gas Inventory Report Verification Certificate

TUVNORD

OPINION

Greenhouse Gases Verification Opinion
ISO 14064-1:2018

Gives to
COMPEQ MANUFACTURING CO., LTD. 3RD PLANT
Office Address
No. 110, Lane 938, Daxin Rd., Shin-Juang Village, Luzhu Dist., Taoyuan City, Taiwan

The quantity of Greenhouse Gas of the above organization and found to be in accordance with ISO 14064-2:2019. (detailed information please refer to next page)

Report Year	: 2024
Greenhouse Gases
Direct Emissions	: 558.4196 CO2-e Tonnes/ year
Energy Indirect	: 51,641.2655 CO2-e Tonnes/ year
Emissions(Category2)
Other Indirect Emissions	: 34,718.9322 CO2-e Tonnes/ year
(Category3-6)
Sum	: 86,918.617 CO2-e Tonnes/ year
Materiality	: 5%
Reasonable Assurance	: Direct and Energy Indirect Emissions
Limited Assurance	: Category3-6

Opinion No.: G1G-252267075
Version: V1.1
Verify Date: 2025-04-24
Issue Date: 2025-05-24

TUV NORD Taiwan Co., Ltd.
Room A1, 9F, No.333, Sec. 2,
Tun Hua S. Rd.
Taipei 10559 Taiwan, R.O.C.

Page 1 of 3

TÜVNORD

OPINION

Appendix to Opinion No. GHG-252267075

ISO 14064-1 : 2018

TUV NORD Taiwan Co., Ltd (hereinafter referred to as "TUV NORD") has been contracted with Compeq Manufacturing Co., Ltd. 3RD Plant (hereinafter referred to as "Compeq 3RD Plant"), No. 110, Lane 903, Daxin Rd., Shin-Juang Village, Luzhu Dian, Taoxuan City, Taiwan for the verification of direct and indirect greenhouse gas emissions in accordance with ISO 14064-2:2019. In the GHG Opinion in the form of GHG report covering GHG emissions of the period 2014-01-01 to 2024-12-31.

Roles and responsibilities

The management of Compeq 3RD Plant is responsible for the organization's GHG information system, the development and maintenance of records and reporting procedures in accordance with .net system, including the calculation and determination of GHG emissions information and the reported GHG emissions.

TUV NORD conducted a third-party verification to express an independent GHG verification opinion on the GHG emissions as provided in the GHG Opinion for the period year 2024.

Level of Assurance

The level of assurance agreed are that of reasonable assurance for category 1 and 2; Limited level assurance from category 3 to 6.

Scope

Verification of GHG emissions within the organization's boundary and is based on ISO 14064-3:2019.

Types of GHGs included: CO₂, CH₄, N₂O, HFCs, PFCs, SFs, NFs
the IHCC 2012 AHS IBRP values are applied in the inventory.
GHG information for the following period was verified on 2025-04-10 to 2025-04-24.

Page 2 of 3

TUV NORD

The GHG emissions are described as below:

| GHG emissions categorization | | Description | GHG emission
(tonnes of CO₂ per year) |
| --- | --- | --- | --- |
| Direct Emissions/ Category 1 | | Occur from GHG sources inside organizations, boundaries and that are owned or controlled by the organization. | 558.4196 |
| Energy Indirect Emissions | Category 2 | Indirect GHG emissions from imported energy | 51,641.2855 |
| Indirect Emissions | Category 3 | Indirect GHG emissions from transportation | 373.8026 |
| | Category 4 | Indirect GHG emissions from products used by an organization | 34,345.0596 |
| | Category 5 | Indirect GHG emissions associated with the use of products from the organization | Undisclosed |
| | Category 6 | Other sources | Undisclosed |
| Direct Emissions and Indirect Emissions | | | 66,918.817 |

The GHG emissions categorization are based on Annex B of ISO14004-2:2019.

Intended User of Verification Opinion: Organizations use for their own reference.

Confidentiality

The reports and appendix are not allowed to be edited, duplicated, or published without the clients' agreement.

Avoidance of Conflict of Interest

The reports was verified with fairness and honestly.

Verifiers Group

According as the above opinion were judgement by TUV NORD.

TUV NORD Taiwan Co., Ltd.
Room A1, 9F, No.333, Sec. 2,
Tun Hua S. Rd.
Teipei 10059 Taiwan, R.O.C.

Further clarifications regarding the scope of this opinion and the applicability of the standard may be obtained by consulting the organization.

TUV NORD Taiwan Co., Ltd. Room A1, 9F, No. 333, Sec. 2, Tun Hua S. Rd., Taipei, Taiwan www.tuv-nord.com.tw/en

Page 3 of 3

(4)2024 DAYUAN Plant I Greenhouse Gas Inventory Report Verification Certificate

TUVNORD

OPINION

Greenhouse Gases Verification Opinion
ISO 14064-1:2018

Given to
COMPEQ MANUFACTURING CO., LTD. DAYUAN PLANT
Office Address:
No. 275, Zhongshan N. Rd., Dayuan Dist.,
Taoyuan City 337005, Taiwan

The quantity of Greenhouse Gas of the above organization and found to be in accordance with ISO 14064-3:2018.
(detailed information please refer to next page)

Report Year	2024
Greenhouse Gases
Direct Emissions	415.5722 CO2-e Tonnes/ year
Energy Indirect Emissions(Category2)	42,325.6404 CO2-e Tonnes/ year
Other Indirect Emissions (Category3-6)	35,458.3302 CO2-e Tonnes/ year
Sum	78,199.543 CO2-e Tonnes/ year
Materiality	5%
Reasonable Assurance	Direct and Energy Indirect Emissions
Limited Assurance	Category3-6

Opinion No.: GHG-252268078
Version: V1.1
Verify Date: 2025-04-25
Issue Date: 2025-06-08

TAF
Tobacco and Tobacco
VISIT

"UV NORD Taiwan Co., Ltd.
Room A1, 9F, No.333, Sec. 2,
Yun Hua S. Rd.
Taipei 1068B Taiwan, R.O.C.

Verification Body
at TUV NORD Taiwan Co., Ltd.

Further clarifications regarding the scope of this opinion and the applicability of the standard may be obtained by consulting the organization
TUV NORD Taiwan Co., Ltd. Room A1, 9F, No. 333, Sec. 2, Yun Hua S. Rd., Taipei, Taiwan www.tuv-nord.com/tw/en

Page 1 of 3

TUV NORD

OPINION

Appendix to Opinion No. GHG-252268078

ISO 14064-1 : 2018

TUV NORD Taiwan Co., Ltd (hereinafter referred to as "TUV NORD") has been contracted with Compeq Manufacturing Co., Ltd. Dayuan Plant (hereinafter referred to as "Compeq"), No. 275, Zhengshan N. Rd., Dayuan Dist., Taoyuan City 337006, Taiwan for the verification of direct and indirect greenhouse gas emissions in accordance with ISO 14064-1:2018, in the GHG Opinion in the form of GHG report covering GHG emissions of the period 2024-01-01 to 2024-12-31.

Roles and responsibilities

The management of Compeq is responsible for the organization's GHG information system, the development and maintenance of records and reporting procedures in accordance with that system, including the calculation and determination of GHG emissions interest on and the reported GHG emissions.

TUV NORD conducted a third party verification to express an independent GHG verification opinion on the GHG emissions as provided in the GHG Opinion for the period year 2024.

Level of Assurance

The level of assurance agreed are that of reasonable assurance for category 1 and 2; Limited level assurance from category 3 to 8.

Scope

Verification of GHG emissions within the organization's boundary and is based on ISO 14064-1:2018.

Types of GHGs included: CO₂, CH₄, N₂O, HFCs, PFCs, SFs, NFs
The IFCC 2012 ARS GMP values are applied in the inventory.
GHG information for the following period was verified on 2023-04-11 to 2025-04-25.

Page 2 of 3

TUV NORD

The GHG emissions are described as below:

| GHG emissions categorization | | Description | GHG emission
(tonnes of CO_{2} per year) |
| --- | --- | --- | --- |
| Direct Emissions/ Category 1 | | Occur from GHG sources inside organizational boundaries and that are owned or controlled by the organization. | 415.5722 |
| Energy Indirect Emissions | Category 2 | Indirect GHG emissions from imported energy | 42,325.6404 |
| Indirect Emissions | Category 3 | Indirect GHG emissions from transportation | 22.9653 |
| | Category 4 | Indirect GHG emissions from products used by an organization | 35,435.3649 |
| | Category 5 | Indirect GHG emissions associated with the use of products from the organization | Undisclosed |
| | Category 6 | Other sources | Undisclosed |
| Direct Emissions and Indirect Emissions | | | 78,529.543 |

The GHG emissions categorization are based on Annex B of ISO14064:1:2018.

Intended User of Verification Opinion: Organizations use far their own reference.

Confidentiality

The reports and appendix are not allowed to be edited, duplicated, or published without the clients' agreement.

Avoidance of Conflict of Interest

The reports was verified with fairness and honestly.

Verifiers Group

According as the above opinion were judgement by TUV NORD.

TUV NORD Taiwan Co., Ltd.
Room A1, 9F, No.333, Soc. 2,
Tuxi-ua S. Rd.
Taipei 10659 Taiwan, R.O.C.

Further clarifications regarding the scope of this opinion and the applicability of the standard may be obtained by consulting the organization

TUV NORD Taiwan Co., Ltd. Room A*, 9F, No. 333, Soc. 2, Tun Hua S. Rd., Taipei, Taiwan www.tuv-nord.com/uv/en

Page 3 of 3

(5)2024 DAYUAN Plant II Greenhouse Gas Inventory Report Verification Certificate

TUVNORD

OPINION

Greenhouse Gases Verification Opinion
ISO 14064-1:2018

Since to

COMPEQ MANUFACTURING CO., LTD. DAYUAN PLANT II
Office Address
No. 277-1, 277-3, Zhongshan N. Rd., Dayuan Dist.,
Taoyuan City 33759, Taiwan

The quantity of Greenhouse Gas of the above organization and found to be in accordance with ISO 14064-3:2019.
(detailed information please refer to next page)

Report Year	: 2024
Greenhouse Gases
Direct Emissions	: 44.0372 CO2-e Tonnes/ year
Energy Indirect Emissions(Category2)	: 11168.8620 CO2-e Tonnes/ year
Other Indirect Emissions (Category3-6)	: 2382.0344 CO2-e Tonnes/ year
Sum	: 13594.934 CO2-e Tonnes/ year
Materiality	: 5%
Reasonable Assurance	: Direct and Energy Indirect Emissions
Limited Assurance	: Category3-6

Opinion No.: GHG-252268079
Version: V1.1
Verify Date: 2025-04-28
Issue Date: 2023-06-05

Verification Body
at TUV NORD Taiwan Co., Ltd.

TUV NORD Taiwan Co., Ltd.
Room A1, 9F, No.333, Sec. 2,
Tun Hua S. Rd.
Taipei 10559 Taiwan, R.O.C.

Page 1 of 3

TÜV NORD

OPINION

Appendix to Opinion No. GHG-252268079

ISO 14064-1:2018

TUV NORD Taiwan Co., Ltd (hereinafter referred to as "TUV NORD") has been contracted with CONPEQ MANUFACTURING CO., LTD. DAYUAN PLANT II (hereinafter referred to as "Compeq Dayuan Plant II"), No. 277-1, 277-3, Zhongshan N. Rd., Dayuan Dist., Taoshan City 33759. Taiwan for the verification of direct and indirect growths are gas emissions in accordance with ISO 14064-3:2019. In the GHG Opinion in the form of GHG report covering GHG emissions of the period 2024-01-01 to 2024-12-31.

Roles and responsibilities

The management of Compeq Dayuan Plant II is responsible for the organization's GHG information system, the development and maintenance of records and reporting procedures in accordance with that system, including the calculation and determination of CHG emissions information and the reported GHG emissions.

TUV NORD conducted a third party verification to express an independent GHG verification opinion on the GHG emissions as provided in the GHG Opinion for the period year 2024.

Level of Assurance

The level of assurance agreed are that of reasonable assurance for category 1 and 2; Limited level assurance from category 3 to 6.

Scope

Verification of GHG emissions within the organization's boundary and is based on ISO 14064-3:2019.

Types of GHGs included: $\mathrm{CO}{2}$, $\mathrm{CH}{4}$, $\mathrm{N}{2}\mathrm{O}$, $\mathrm{HFC}{3}$, $\mathrm{PFC}{3}$, $\mathrm{SF}{6}$, $\mathrm{NF}_{2}$
The IFCC 2014 AR5 GWP values are applied in the inventory.
GHG information for the following period was verified on 2025-04-10 to 2025-04-26.

Page 2 of 3

(6)2024 COMPEQ MANUFACTURING (HUIZHOU) CO., LTD. Greenhouse Gas Inventory Report Verification Certificate

产明编码 CN25/00003840

温室气体核查声明

以下组织的 2024 年 01 月 01 日至 2024 年 12 月 31 日温室气体盘查清册

华通电脑(惠州)有限公司

注册地址：中国广东省惠州市河罗县顺镇镇顺厂跨 168 号

组织边界：中国广东省惠州市河罗县顺镇镇顺厂跨 168 号

已由 SGS 依据 ISO 14064-3:2019 进行了核查并满足以下要求

ISO 14064-1:2018

直肠温室气体排放

11,579.66 吨二氧化碳当量

间肠温室气体排放

161,020.15 (基于位置) 133,027.83 (基于市场) 吨二氧化碳当量

能量化的总排放量

172,599.81 (基于位置) 144,607.49 (基于市场) 吨二氧化碳当量

间装置型气体排放的具体实例详见本声明书的附件，声明书附件是本声明书的组成部分

编号

David Xin

Sr. Director - Business Assurance

编号日期：2023 年 03 月 15 日

储权标准技术服务有限公司

北京市青岛路 70 号世纪传真大厦 18 室 100142

1-488 (0)10 55231188 www.sgsgroup.com.cn

本文件是真实的电子新证书，仅供客户用于其他业用途。客户可自行打印、扫码副本。本文件根据 Term and Condition | SGS 中认证服务商用品质的需求规定，提供由来其中已知有的宣传后果，能被和司法管辖审明。本文件至 SGS 新机密护，任何未经授权的对此文件的内容的内容的免责，仍由纸质与背景审查。

第 1 页共 4 页

SGS

SGS与华通电脑(落州)有限公司（下文称作“委托方”）签订合同，依据

ISO 14064-3:2019

核查由华通电脑(落州)有限公司（下文称作“责任方”）以温室气体报告形式提供的温室气体声明，涵盖从2024年01月01日至2024年12月31日（下文称作“报告期”）的直接和间接温室气体排放。

角色和责任

责任方的管理者负责组织的温室气体信息系统，依据该系统建立和维护记录及报告程序，包括计算和决定温室气体排放信息及报告的排放量。

SGS有责任对由责任方提供的报告期的温室气体声明作出独立的温室气体核查意见。

SGS于2025年05月14-15日依据ISO 14064-3:2019要求对责任方提供的温室气体声明符合ISO 14064-1:2018的要求进行了第三方核查。核查是基于委托方与SGS于2025年05月14日商定的核查范围、目标和准则。

保证等级

商定的保证等级为合理保证。

适用范围

委托方委托SGS基于ISO 14064-3:2019进行一次独立核查，以确保责任方所报告的温室气体排放量，在下述的核查范围内符合ISO14064-1:2018的要求。责任方的温室气体声明是以历史数据与信息来编制。

范围覆盖组织边界内人类活动引起的温室气体排放的核查：

组织边界的建立是遵循营运控制权。
地址/活动边界：附录中列出了边界的详细信息。
组织的基础设施、活动、技术和流程：软性印刷玻璃板及软硬複合印刷玻璃板的製造以及貼片組裝服務
温室气体源、汇和/或库包括：责任方的温室气体清册和温室气体报告中所提出的温室气体源。
温室气体种类包括：二氧化碳、甲烷、氧化亚氮、氢氟碳化物、全氟碳化物、六氟化硫、三氟化氮。
以下期间的温室气体信息已被核查：2024年01月01日至2024年12月31日。
采用的全球变暖措施：IPCC第6次评估报告。
核查声明的预期用户：私人使用者

目标

本次核查之目的是通过客观证据审查：

温室气体排放是否如组织的温室气体声明所述
所报的数据是准确的、完整的、一致的、透明的和没有实质错误或遗漏。

准则

核查依据的准则是ISO 14064-3:2019。

重要性

基于温室气体声明的预期用户的需要，本次核查的重要性阈值定为 5%。

第2页共4页

SGS

核查方法

SGS 的方法是基于风险，理解所报告的温室气体排放信息相关的风险并加以控制，从而减轻风险。我们的检查包括评估与排放量有关的证据和组织温室气体排放量的披露。

SGS 计划并执行工作来获取必要的信息、解释和证据，以提供保证等级，确保能公正地陈述在报告期内的责任方的温室气体排放。

SGS 核查责任方以温室气体报告的方式提供的温室气体声明，包括评估温室气体信息系统和报告计划或协议。这次评估包括收集用以支持所报数据的证据，以及检查所参考的协议的基数是否一致地和适当地应用。

核查意见结论

责任方提供了基于 ISO 14064-1:2018 要求的温室气体声明，声明在组织边界范围和报告期内共排放温室气体 172,599.81 (基于位置) 144,607.49 (基于市场) 吨二氧化碳当量。

SGS 基于商定的合理保证对责任方的温室气体声明独立核查后，出具的核查意见是：

☑ 无保留意见

责任方递交的温室气体声明是依据 ISO 14064-1:2018 对温室气体量化和准备报告，在重要性方面表述公正，声明中的温室气体数据和信息的确实体现且有充分和适宜的证据予以支持。

☐ 保留意见

责任方递交的温室气体声明无重大错误，但存在缺陷而影响出具无保留的核查意见。

☐ 否定意见

责任方递交的温室气体声明：

存在重大错误
收集的证据无法支持出具保留意见或无保留意见

☐ 无法表示意见

无法获取充分和适宜的证据来对责任方递交的温室气体声明是否依据 ISO 14064-1:2018 要求得到的公正表达形成意见。

本核查声明应与责任方温室气体报告的方式提供的温室气体声明作为一个整体进行解释说明。

注：填标标准技术服务有限公司 ("SGS") 按 SGS 温室气体审定与检查服务通用条款以及此温室气体检查声明。此声明的内容基于检查结果编制，可向责任方查询获取此温室气体检查声明及责任方温室气体声明(温室气体报告的副本)。此检查声明不可解除委托方对遵守国家法律法规的责任。此检查声明不对 SGS 造成约束，SGS 就有责任面对损害委托方以外的任何一方。

本温室气体检查声明是以英语订立。若有任何译文差异，以英文据为准。

附录 A 组织边界清单

组织边界清单

组织名称	组织边界描述
华盛电脑(暴州)有限公司	中国广东省暴州市博罗县湖镇镇湖广路 168 号

383页共 4 页

(7)2024 COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD. Greenhouse Gas Inventory Report Verification Certificate

产明编码 CN25/00003795

温室气体核查声明

以下组织的 2024 年 01 月 01 日至 2024 年 12 月 31 日温室气体盘查清册

华通精密线路板(惠州)股份有限公司

注册地址：中国广东省惠州市河罗县顺镇镇顺厂路 166 号
组织边界：中国广东省惠州市河罗县顺镇镇顺厂路 166 号

已由 SGS 依据 ISO 14064-3:2019 进行了核查并满足以下要求

ISO 14064-1:2018

直肠温室气体排放

1,036.66 吨二氧化碳当量

间肠温室气体排放

241,264.89 (基于位置) 140,088.95 (基于市场) 吨二氧化碳当量

能量化的总排放量

242,301.54 (基于位置) 141,125.61 (基于市场) 吨二氧化碳当量

间装置型气体排放的具体规则详见本声明书的附件，声明书附件是本声明书的组成部分

邮箱：David Xin
Gr. Director - Business Assurance
邮箱日期：2023 年 03 月 17 日

继续经理技术服务有限公司
北京市青岛路 70 号世纪传真大厦 18 室 100142
1-08-01(10:35:23) 100 www.sgsgroup.com.cn

本文件是其它的电子新证书，仅供客户用于其他业用途。客户可自行打印、扫码版本。本文件根据 Term and Condition | SGS 中认证服务通用品质的需求规定，提供由其它中已知有的宣传后果、限制和可能管辖事项。本文件至 SGS 新机提供，仅供未经授权的对此文件的内容积分权的免责，仍由积极改善要求。

第 1 页共 4 页

SGS

SGS与华通精密线路板(落州)股份有限公司（下文称作“委托方”）签订合同，依据

ISO 14064-3:2019

核查由华通精密线路板(落州)股份有限公司（下文称作“责任方”）以温室气体报告形式提供的温室气体声明，涵盖从2024年01月01日至2024年12月31日（下文称作“报告期”）的直接和间接温室气体排放。

角色和责任

责任方的管理者负责组织的温室气体信息系统，依据该系统建立和维护记录及报告程序，包括计算和决定温室气体排放信息及报告的排放量。

SGS有责任对由责任方提供的报告期的温室气体声明作出独立的温室气体核查意见。

SGS于2025年05月16-17日依据ISO14064-3:2019要求对责任方提供的温室气体声明符合ISO14064-1:2018的要求进行了第三方核查。核查是基于委托方与SGS于2025年05月16日商定的核查范围、目标和准则。

保证等级

商定的保证等级为合理保证。

适用范围

委托方委托SGS基于ISO14064-3:2019进行一次独立核查，以确保责任方所报告的温室气体排放量，在下述的核查范围内符合ISO14064-1:2018的要求。责任方的温室气体声明是以历史数据与信息来编制。

范围覆盖组织边界内人类活动引起的温室气体排放的核查：

组织边界的建立是遵循营运控制权。
地址/活动边界：附录中列出了边界的详细信息。
组织的基础设施、活动、技术和流程：软性印刷战路板及软硬複合印刷战路板的製造以及貼片組裝服務
温室气体源、汇和/或库包括：责任方的温室气体清册和温室气体报告中所提出的温室气体源。
温室气体种类包括：二氧化碳、甲烷、氧化亚氮、氢氟碳化物、全氟碳化物、六氟化硫、三氟化氮。
以下期间的温室气体信息已被核查：2024年01月01日至2024年12月31日。
采用的全球变暖措施：IPCC第6次评估报告。
核查声明的预期用户：私人使用者

目标

本次核查之目的是通过客观证据审查：

温室气体排放是否如组织的温室气体声明所述
所报的数据是准确的、完整的、一致的、透明的和没有实质错误或遗漏。

准则

核查依据的准则是ISO14064-3:2019。

重要性

基于温室气体声明的预期用户的需要，本次核查的重要性阈值定为 5%。

第2页共4页

SGS

核查方法

SGS 计划并执行工作来获取必要的信息、解释和证据，以提供保证等级，确保能公正地陈述在报告期内的责任方的温室气体排放。

核查意见结论

责任方提供了基于 ISO 14064-1:2018 要求的温室气体声明，声明在组织边界范围和报告期内共排放温室气体 242,301.54 (基于位置) 141,125.61 (基于市场) 吨二氧化碳当量。

SGS 基于商定的合理保证对责任方的温室气体声明独立核查后，出具的核查意见是：

☑ 无保留意见

☐ 保留意见

责任方递交的温室气体声明无重大错误，但存在缺陷而影响出具无保留的核查意见。

☐ 否定意见

责任方递交的温室气体声明：

存在重大错误
收集的证据无法支持出具保留意见或无保留意见

☐ 无法表示意见

无法获取充分和适宜的证据来对责任方递交的温室气体声明是否依据 ISO 14064-1:2018 要求得到的公正表达形成意见。

本核查声明应与责任方温室气体报告的方式提供的温室气体声明作为一个整体进行解释说明。

注：填标标准技术服务有限公司 ("SGS") 按 SGS 温室气体审定与检查服务通用是我国放此温室气体检查声明。此声明的内容基于检查结果编制，可向责任方查询获取此温室气体检查声明及责任方温室气体声明(温室气体报告的副本)。此检查声明不可解除委托方对遵守国家法律法规的责任。此检查声明不对 SGS 造成约束，SGS 就有责任面对损害委托方以外的任何一方。

本温室气体检查声明是以英语订立。若有任何译文差异，以英文据为准。

附录 A 组织边界清单

组织边界清单

组织名称	组织边界描述
华盛顿密线蜂板(基州)股份有限公司	中国广东省基州市博罗县湖镇镇湖广路 168 号

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附录B 温室气体排放清单（按 ISO14064-1:2018）

SGS

温室气体排放清册（按 ISO14064-1:2018）

组织名称	华通精密线路板(惠州)股份有限公司
组织边界	中国广东省惠州市博罗总胡镇镇胡广港168号
张分期	2024.01.01-2024.12.31
发布日期		温室气体排放量
(单位：吨二氧化碳当量)
类别
直接排放	类别1 直接排放	1,036.66
间接排放	类别2 输入能源的间接排放	183,928.19 (易于位置)
82,752.25 (易于市场)
	类别3 运输产生的间接排放	5,303.73
	类别4 组织使用产品的间接排放	52,032.97
	类别5 与组织的产品使用有关的间接排放	不适用
	类别6 其他间接排放	不适用

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2.3.6 Implementation of Ethical Corporate Management and Deviations from the "Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies" and Reasons

Evaluation Item	Implementation Status			Deviations from "the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies" and Reasons
	Yes	No	Abstract Illustration
1 Establishment of ethical corporate management policies and programs
1.1 Does the company declare its ethical corporate management policies and procedures in its guidelines and external documents, as well as the commitment from its board to implement the policies?	V		Although we have not established an "Ethical Corporate Management Best Practice Principles for TWSE/TPEx Listed Companies", our ethical corporate management unit has established the "Ethics Policy" (by management) and published it on the corporate website. In addition to the "Ethics and Integrity Management Regulations" and the "CSR Manual", and we have specified the requirements for ethical conduct in the "Supplier CSR and Ethics and Integrity Declaration" to ensure that all Compeq business activities are ethically and integrally conducted. We have also established regulations to govern the accounting system and ensure that the internal control system is completely, fairly, accurately, timely, and comprehensibly disclosed. We further announce the need for business ethics and integrity, the implementation of anti-corruption and reporting of corruption, and the measures for protecting retaliation, in order to provide proper grievance channels.	No difference.
1.2 Does the company establish mechanisms for assessing the risk of unethical conduct, periodically analyze and assess operating activities within the scope of business with relatively high risk of unethical conduct, and formulate an unethical conduct prevention plan on this basis, which at least includes preventive measures for conduct specified in Article 7, Paragraph 2 of the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies?	V		The ethical management unit has established "Code of Ethics Management Rules". It includes operating procedures, guides to behavior, punishment for violations of rules on undue or improper advantage. Code of ethics and anti-corruption measures have been implemented along with protection for whistle blowers through proper grievance channels.	No difference.

1.3 Does the company specify operating procedures, guidelines for conduct, punishments for violation, rules of appeal in the unethical conduct prevention plan, and does it implement and periodically review and revise the plan?	V	The company has established the “Guidelines on Labor and Ethical Risk Management” based on the articles governing unethical behavior from the “Ethical Corporate Management Best Practice Principles for TWSE/GTSM Listed Companies”. The "Code of Ethics Management Rules" also identifies and provides preventive measures for business activities at higher risk.	No difference.
2 Fulfill operations integrity policy
2.1 Does the company evaluate business partners’ ethical records and include ethics-related clauses in business contracts?	V	The “Supplier CSR and Code of Ethics Declaration” designed by the ethical management unit includes an ethical behavior clause to ensure that all business activities within the organization are conducted in compliance with the ethical and CSR standards specified in our ethnical management policy. The Declaration also explicitly states that the management is entitled to terminate or reject a contract signed with the contractor that has caused irreparable loss to either company or customers.	No difference.
2.2 Does the company establish an exclusively (or concurrently) dedicated unit supervised by the Board to be in charge of corporate integrity?	V	The company has set up a CSR organization headed by the chairman of the Company who designates a senior executive as the CSR management representative. The CSR organization discloses the CSR report and report to BOD the progress of report publication by the end of June every year.	No difference.
2.3 Does the company establish policies to prevent conflicts of interest and provide appropriate communication channels, and implement it?	V	The company has established the “Code of Ethics Management Rules” that states the conflicts of interest policy and initiatives. Code of ethics and anti-corruption measures have been implemented along with protection for whistle blowers through proper complaint channels.	No difference.
2.4 Has the company established effective systems for both accounting and internal control to facilitate ethical corporate management, and are they audited by either internal auditors or CPAs on a regular basis?	V	The company has established an accounting system, an internal control system, and various management regulations in accordance with the Compact Act, Business Accounting Act, and Securities and Exchange Act. In addition, the internal audit unit draws up an annual audit program based on risk assessments to verify the performance of internal controls.	No difference.
2.5 Does the company regularly hold internal and external educational trainings on operational integrity?	V	The company organizes education and training activities relating to CSR and business ethics and integrity and request employees to receive recurrent training every year.	No difference.
3 Operation of the integrity channel

3.1 Does the company establish both a reward/punishment system and an integrity hotline? Can the accused be reached by an appropriate person for follow-up?	V	The company has established comprehensive grievance and communication channels for employees to report any activities violating the law or the ethics and integrity regulations, or corruption. Employees having doubts about or detecting such activities (e.g. cooking the books, stealing company assets, embezzling company property, obtaining undue or improper advantage, extortion, and leaking trade secrets) should report to the management. We will punish or reward relevant employees based on the severity of offence in accordance with the employee work rules and related regulations.	No difference.
3.2 Does the company establish standard operating procedures for confidential reporting on investigating accusation cases?	V	The company has established the “Whistle blowing Handling and Whistleblower Protection Regulations” to specify the standard operating procedures for investigations. For the protection of whistleblowers, we promise the protection of their identity.	No difference.
3.3 Does the company provide proper whistleblower protection?	V	The company has established the “Whistle blowing Handling and Whistleblower Protection Regulations” to specify the standard operating procedure for investigations. We have also established the “Whistleblower Protection Policy” to protect whistleblowers against retaliation.	No difference.
4 Strengthening information disclosure
Does the company disclose its ethical corporate management policies and the results of its implementation on the company’s website and MOPS?	V	The company has a CSR section on the corporate website and publishes a CSR report by the end of every June to disclose our policy and information relating to business ethics and integrity. In the internal audit section, we publish important regulations and disclose important documents, such as the “Ethics and Integrity Management Regulations”, relating to our business activities. We also update related company information for public reference.	No difference.
5.If the company has established the ethical corporate management policies based on the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies, please describe any discrepancy between the policies and their implementation: There have been no differences
6 Other important information to facilitate a better understanding of the company’s ethical corporate management policies (e.g., reviews and amends its policies).
The company has approved the Ethical Corporate Management Best Practice Principles of Compeq in May 2020.

2.3.7 Other Important Information Regarding Corporate Governance:

Please refer to the official website,

https://www.compeq.com.tw/company01.php

2.3.8 Statement of Internal Control System

A. Statement of Internal Control System

Compeq Manufacturing Company Limited

Statement of Internal Control System

Date: March 5, 2026

Based on the findings of self-assessment, Compeq Manufacturing Company Limited (Compeq) states the following with regard to its internal control system in 2025:

Compeq is fully aware that establishing, operating and maintaining an internal control system are the responsibilities of its Board of Directors and management, and such a system has been established. The aim of the internal control system is to provide reasonable assurance to effectiveness and efficiency of operations (including profitability, performance and safeguarding of assets), reliability, timeliness, transparency and regulatory compliance of financial reporting and compliance with of applicable laws, regulations and bylaws.
An internal control system has inherent limitations. No matter how perfectly designed, an effective internal control system can only provide reasonable assurance of accomplishing the aforementioned three objectives. Moreover, the effectiveness of an internal control system may be subject to changes of environmental or circumstances. Nevertheless, the internal control system of Compeq contains self-monitoring mechanism and Compeq takes corrective actions whenever a deficiency is identified.
Compeq evaluates the design and operating effectiveness of its internal control system based on the criteria provided in the Regulations Governing the Establishment of Internal Control System by Public Companies (herein below, the "Regulations"). The criteria adopted by the Regulations identify five constituent elements of internal control based on the process of management control: (1) control environment, (2) risk assessment, (3) control activities, (4) information and communications, and (5) monitoring activities. Each component further contains several items. Please refer to the Regulations for details.
Compeq has evaluated the design and operating effectiveness of its internal control system according to the aforesaid criteria.
Based on the findings of the self-assessment mentioned in the preceding paragraph, Compeq believes that, as of December 31, 2025, its internal control system (including its supervision and management of subsidiaries), as well as understanding the degree of achievement of its objectives concerning operational effectiveness and efficiency, reliability, timeliness, transparency and regulatory compliance of financial reporting, and compliance with the applicable laws, regulations and bylaws, were effective in design and operation, and reasonably assured the achievement of the above-stated objectives.
This Statement will be integral part of Compeq’s Annual Report for the year 2025 and prospectus, and will be made public. Any falsehood, concealment, or other illegality in the content made public will entail legal liability under Articles 20, 32, 171 and 174 of the Securities and Exchange Law.
This Statement has been passed by the Board of Directors in their meeting held on March 5, 2026 with none of the ten attending directors expressing

dissenting opinions, and the remainder all affirming the content of this Statement.

Compeq Manufacturing Company Limited

Chairman

P.K. Chiang

President

PO-I WU

B. If CPA was engaged to conduct a special audit of internal control system, provide its audit report: None.

2.3.9 Major Resolutions of Shareholders' Meeting and Board Meetings :

A. Shareholders' meeting :

Date	Major resolutions	follow-up actions
2025.05.29	●Approved 2024 Business Report and Financial Statements	The announcement and filing were completed on March 6, 2025.
	●Approved the proposal for distribution of 2024 earnings	The announcement and filing were completed on March 6, 2025.
	●Approved the Amendment to the Articles of Incorporation	Declared Procedures on Compeq's official website

B. Board meeting :

Date	Major resolutions
2025.03.06	1.Approved 2024 Statement of Internal Control System 2.Approved the appointment of the chief internal auditor of the company 3.Approved the Report on the 2024 Employee Compensation Distribution 4.Approved 2024 Financial Statements 5.Approved 2024 Business Report 6.Approved the proposal for distribution of 2024 earnings 7.Approved the cash dividend distribution base date 8.Approved the proposal for Financing with financial institutions 9.Approved the proposal for endorsement, or revision of guarantee 10.Approved intending to loan funds to others 11.Approved of the establishment of the “Sustainable Development Committee”, the formulation of the company's Sustainable Development Committee Organizational Regulations, and the election of members to the Sustainable Development Committee. 12.Approved the proposal for the hiring or dismissal of an attesting CPA, and evaluating the Independence. 13.Approved the Amendment to the Articles of Incorporation 14.Approved the Amendment to the Articles of Remuneration Committee 15.Approved the meeting date of 2025 Annual Shareholders' Meeting 16.Approved 2025 Annual Shareholders' Meeting Agenda 17.Approved the proposal submission date for 2025 Annual Shareholders' Meeting 18.Approved Major Subsidiary COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD. plan to invest in Thailand 19.Approved the recommendations submitted by Remuneration Committee
2025.05.08	1.Approved 2025Q1 Financial Statements 2.Approved the proposal for Financing with financial institutions

Date

Major resolutions

2025.03.06

1.Approved 2024 Statement of Internal Control System 2.Approved the appointment of the chief internal auditor of the company 3.Approved the Report on the 2024 Employee Compensation Distribution 4.Approved 2024 Financial Statements 5.Approved 2024 Business Report 6.Approved the proposal for distribution of 2024 earnings 7.Approved the cash dividend distribution base date 8.Approved the proposal for Financing with financial institutions 9.Approved the proposal for endorsement, or revision of guarantee 10.Approved intending to loan funds to others 11.Approved of the establishment of the “Sustainable Development Committee”, the formulation of the company's Sustainable Development Committee Organizational Regulations, and the election of members to the Sustainable Development Committee. 12.Approved the proposal for the hiring or dismissal of an attesting CPA, and evaluating the Independence. 13.Approved the Amendment to the Articles of Incorporation 14.Approved the Amendment to the Articles of Remuneration Committee 15.Approved the meeting date of 2025 Annual Shareholders' Meeting 16.Approved 2025 Annual Shareholders' Meeting Agenda 17.Approved the proposal submission date for 2025 Annual Shareholders' Meeting 18.Approved Major Subsidiary COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD. plan to invest in Thailand 19.Approved the recommendations submitted by Remuneration Committee

2025.05.08

1.Approved 2025Q1 Financial Statements 2.Approved the proposal for Financing with financial institutions

| | 3.Approved the proposal for endorsement, or revision of guarantee
4.Approved intending to loan funds to others
5.Approved Announcement of the company’s participation in the investment in Kai-Hong Energy Co., Ltd.
6.Approved the recommendations submitted by Remuneration Committee |
| --- | --- |
| 2025.08.07 | 1.Approved the proposal for Additions and Amendments of the Internal Control System
2.Approved 2025Q2 Financial Statements
3.Approved the proposal for Financing with financial institutions
4.Approved the proposal for endorsement, or revision of guarantee
5.Approved intending to loan funds to others
6.Approved the proposal Directors & Officers liability Insurance
7.Approved the recommendations submitted by Remuneration Committee |
| 2025.11.06 | 1.Approved 2026 Internal auditing plan
2.Approved 2025Q3 Financial Statements
3.Approved the proposal for Financing with financial institutions
4.Approved the proposal for endorsement, or revision of guarantee
5.Approved intending to loan funds to others
6.Approved the non-distribution of dividends from the Company’s investee, HUATON HOLDINGS LIMITED
7.Approved the appointment of the Company’s President
8.Approved the release from non-competition restrictions on an managerial officer
9.Approved the Chairman concurrently serving as an employee of Company
10.Approved the recommendations submitted by Remuneration Committee |
| 2026.02.09 | 1. Approved the Acquisition of the Real Estate Right-of-Use Assets |
| 2026.03.05 | 1. Approved 2025 Statement of Internal Control System
2. Approved the amendments to the Company’s Internal Control System
3. Approved the Report on the 2025 Employee Compensation Distribution
4. Approved 2025 Financial Statements
5. Approved 2025 Business Report
6. Approved the proposal for distribution of 2025 earnings
7. Approved the cash dividend distribution base date
8. Approved the proposal for Financing with financial institutions
9. Approved the proposal for endorsement, or revision of guarantee
10. Approved intending to loan funds to others
11. Approved the proposal for the hiring or dismissal of an attesting CPA, and evaluating the Independence
12. Approved the amendments to the "Rules for Performance Evaluation of the Board of Directors"
13. Approved ratification of the Company’s cash capital increase of 250 million THB in its subsidiary
14. Approved the meeting date of 2026 Annual Shareholders' Meeting
15. Approved 2026 Annual Shareholders’ Meeting Agenda
16. Approved the period for accepting shareholder proposals and nominations for Director (including Independent Director) candidates for the 2026 Annual Shareholders’ Meeting.
17. Approved the expiration of the term of office for Directors (including Independent Directors) and the nomination of candidates for the next term
18. Approved the waiver of non-compete restrictions for newly appointed Directors and their representatives, to be submitted to the Annual Shareholders’ Meeting for approval.
19. Approved the recommendations submitted by Remuneration Committee |

2.3.10 Major Issues of Record or Written Statements Made by Any Director or Supervisor Dissenting to Important Resolutions Passed by the Board of Directors : None

2.4. Information Regarding the Company's Audit Fee and Independence

2.4.1 Information of CPA

unit: NT$ thousands

CPA Firm	CPA	Auditing Period	Audit Fee	Non-audit fee	Total	Remarks
Baker Tilly Clock & Co	Hsin-Liang Wu	2025.01~2025.12	3,360	270	3,630	Non- audit fee including Tax consultant and other service
	Chi-Ping Lin

2.4.2 Companies that have switched accounting firms and whose annual audit shared expenses are less than that of the previous year prior to the switch: none.

2.4.3 For companies whose audit shared expenses have decreased by 10% or more, the ratio of the decrease in audit shared expense and the reason should be disclosed: none.

2.5 Replacement of CPA : N.A.

2.6 Audit Independence

The Company's Chairman, Chief Executive Officer, Chief Financial Officer, and managers in charge of its finance and accounting operations did not hold any positions in the Company's independent auditing firm or its affiliates during 2025.

2.7 Changes in Shareholding of Directors, Supervisors, Managers and Major Shareholders

Unit: Share

Title	Name	2025		As of Feb. 28, 2026
		Holding Increase (Decrease)	Pledged Holding Increase (Decrease)	Holding Increase (Decrease)	Pledged Holding Increase (Decrease)
Chairman of the Board and CEO	P.K. Chiang	0	0	0	0
Director	K.S. Peng	0	0	0	0
Director	Chang-Zhi Investment Co., Ltd.	691,000	0	0	0
Director	Positive Bo Investment Co., Ltd.	10,030,388	0	0	0
Director	Xue Dayton Investment Co., Ltd.	908,000	0	0	0
Legal representative of the director	Charles C.Wu	0	0	0	0
Legal representative of the director	Victor Lu	0	0	0	0
Legal representative of the director and President	P.Y. Wu	0	0	0	0
Legal representative of the director and Executive Vice President	P.H. Wu	0	0	0	0
Independent Director	Tzu Kuan Chiu	0	0	0	0
Independent Director	Teng Ling Liu	0	0	0	0
Independent Director	Y.C. Huang	0	0	0	0
Independent Director	Ming Chuan Ko	0	0	0	0
Corporate Vice President	John Wu	0	0	0	0
Vice President	Tony Chuang	0	0	0 (2026/02/23 Retired)	0 (2026/02/23 Retired)
Vice President	Joe Jan	0	0	0	0
Vice President	Roger Yu	0	0	0	0
Vice President	Peter Tsai	9,000	0	0	0
Chief Financial Officer	Fine Lu	0	0	0	0
Accounting Manager	Chiung Yin Fang	0	0	0	0

※ Information on Transfers of Shareholding:
There is no instance where the counterparty to the equity transfer is a related party

※ Information on Pledges of Shareholding
There is no instance where the counterparty to the equity pledge is a related party

2.8 Relationship Among the Top Ten Shareholders :

As of 2025/06/05

Name	Current Shareholding		Spouse's/minor's Shareholding		Shareholding by Nominee Arrangement		Name and Relationship Between the Company's Top Ten Shareholders, or Spouses or Relatives Within Two Degrees
	Shares	%	Shares	%	Shares	%	Name	Relationship
ING Life Insurance Company Limited-PAR	41,895,000	3.52 %	—	—	—	—	—	—
JPMorgan Chase Bank N.A. Taipei Branch in custody for Norges Bank	36,653,988	3.08 %	—	—	—	—	—	—
M.D. Chang	30,790,166	2.58 %	—	—	—	—	—	—
P.H. Wu	27,204,857	2.28 %	9,059,520	0.76 %	—	—	Charles Wu	Filiation
							Y.C. Wu	Sibling
							Chang-Zhi Investment Co., Ltd.	Supervisor
Chunghwa Post Co., Ltd.	23,808,000	2.00 %	—	—	—	—
Positive Bo Investment Co., Ltd.	21,828,388	1.83 %	—	—	—	—	Y.C. Wu	Supervisor
Charles Wu	20,298,718	1.70 %	14,808,498	1.24 %	—	—	P.H. Wu	Filiation
							Y.C. Wu	Filiation
							Chang-Zhi Investment Co., Ltd.	Chairman
Y.C. Wu	20,265,574	1.70 %	—	—	—	—	Charles Wu	Filiation
							P.H. Wu	Sibling
							Positive Bo Investment Co., Ltd.	Supervisor
Cathay Life Insurance Co., Ltd.	20,260,000	1.70 %	—	—	—	—
Chang-Zhi Investment Co., Ltd.	17,576,000	1.47 %	—	—	—	—	Charles Wu	Chairman
							P.H. Wu	Supervisor

Note: The information is updated as of the final day for stock transfer up to the printing date of the annual report.

2.9 Ownership of Shares in Affiliated Enterprises : None

III. Capital and Shares

3.1 Capital Overview

3.1.1 Source of Capital

A. Issued Shares

Unit: NT$/Share

Month/Year	Par Value	Authorized Capital		Paid-in Capital		Remark
		Share	Amount (NT$)	Share	Amount (NT$)	Sources of Capital	Capital Increased by Assets Other than Cash	Other
97/12	10	1,600,000,000	16,000,000,000	1,191,820,589	11,918,205,890	Write off treasury shares (8,685,000 shares)	None	Approved by the competent authority

B. Type of Stock

Type of Stock	Authorized Capital Stock			Remarks
	Outstanding Shares	Un-issued Shares	Total Shares
Common Stock	1,191,820,589 shares	408,179,411 shares	1,600,000 shares

Note: Shelf Registration: None.

3.1.2 List of Major Shareholders

As of 2024/06/05

Shareholder's Name	Shareholding
	Share	Percentage
ING Life Insurance Company Limited-PAR	41,895,000	3.52 %
JPMorgan Chase Bank N.A. Taipei Branch in custody for Norges Bank	36,653,988	3.08 %
M.D. Chang	30,790,166	2.58 %
P.H. Wu	27,204,857	2.28 %
Chunghwa Post Co., Ltd.	23,808,000	2.00 %
Positive Bo Investment Co., Ltd.	21,828,388	1.83 %
Charles Wu	20,298,718	1.70 %
Y.C. Wu	20,265,574	1.70 %
Cathay Life Insurance Co., Ltd.	20,260,000	1.70 %
Chang-Zhi Investment Co., Ltd.	17,576,000	1.47 %

*Note: The information is updated as of the final day for stock transfer up to the printing date of the annual report.

3.1.3 Dividend Policy and Implementation Status

3.1.3.1 Dividend Policy

If there is a surplus after the final settlement of the Company's annual accounts, the loss shall first be made up according to law, and 10% shall be appropriated as legal capital reserve. However, this is not applicable when the legal capital reserve has reached the paid-in capital. After the legal capital reserve has been listed or transferred in accordance with the law or regulations

of the competent authorities, the balance is the surplus that can be distributed in the current year. When the annual distributable surplus, together with the accumulated undistributed surplus at the beginning of the period is distributed as an available surplus, it is distributed according to the following principles:

A. The Company is part of the technology industry. In order to improve the financial structure of the Company, the status of operating surplus and the need to expand the scale of operations in the future, it is planned to adopt the remaining dividend policy to improve growth and sustainable operation of the Company.

B. The Company's current and future investment environment, capital needs, profitability, domestic and international competitiveness, and capital budget, etc., are proposed by the Board of Directors for surplus distribution and decided by the shareholders' meeting. When distributing the surplus, the available surplus' amount shall not be less than 10% of the distributable surplus for the year.

C. The distribution of the Company's surplus can be paid in cash or in stock. The proportion of cash distribution shall not be less than 50% of the total dividend.

3.1.3.2 The Board approved the proposal of cash dividend NT$ 2.8 per share for 2025 dividend distribution at its meeting on March 5, 2026, and will report to Shareholders' Meeting.

3.1.4 Impact to 2025 Business Performance and EPS resulting from Stock Dividend Distribution: Not Applicable because of no Stock Dividend Distribution.

3.1.5 Remuneration Compensation of Employees and Directors:

3.1.5.1 The percentages or ranges with respect to employee and director remuneration, as set forth in the company's articles of incorporation.

A. Articles of Incorporation Article 17: The remuneration of all directors of the Company is decided based on their participation and value of contribution regardless of profit or loss. The standards of domestic and international peers are equally taken into consideration.

B. Articles of Incorporation Article 20: Non-independent directors are allowed to concurrently hold other positions of the Company. Their remuneration shall be authorized by the Board of Directors to the managers in accordance with the internal management measures of the Company.

C. Articles of Incorporation Article 28-1: The Company's individual consolidated income statement for the year shows profit prior to calculating the employees' remuneration, 2% of the profit shall be added to the employees' remuneration. The aforementioned profit refers to the net profit before tax minus the benefits before the employee is paid. In case of accumulated loss, the Company shall retain figures to make up for the loss, and then allocate incentives according to the aforementioned Article. The aforementioned employee benefits are to be issued in the form of shares or cash. Approval for such benefits should be passed by at least half of the Directors in attendance in a Board meeting attended by no less than

two-thirds of all Board members. The results should be reported during the Shareholder's Meeting.

At least seventy percent (70%) of the employees' remuneration amount under the first paragraph shall be allocated for distribution to grassroots employees.

D. Articles of Incorporation Article 29: If there is a surplus after the final settlement of the Company's annual accounts, the loss shall first be made up according to law, and 10% shall be appropriated as legal capital reserve. However, this is not applicable when the legal capital reserve has reached the paid-in capital. After the legal capital reserve has been listed or transferred in accordance with the law or regulations of the competent authorities, the balance is the surplus that can be distributed in the current year. When the annual distributable surplus, together with the accumulated undistributed surplus at the beginning of the period is distributed as an available surplus, it is distributed according to the following principles:

I. The Company is part of the technology industry. In order to improve the financial structure of the Company, the status of operating surplus and the need to expand the scale of operations in the future, it is planned to adopt the remaining dividend policy to improve growth and sustainable operation of the Company.

II. The Company's current and future investment environment, capital needs, profitability, domestic and international competitiveness, and capital budget, etc., are proposed by the Board of Directors for surplus distribution and decided by the shareholders' meeting. When distributing the surplus, the available surplus' amount shall not be less than 10% of the distributable surplus for the year.

III. The distribution of the Company's surplus can be paid in cash or in stock. The proportion of cash distribution shall not be less than 50% of the total dividend.

3.1.5.2 The basis for estimating the amount of employee and director remuneration, for calculating the number of shares to be distributed as employee compensation, and the accounting treatment of the discrepancy, if any, between the actual distributed amount and the estimated figure, for the current period: No difference.

3.1.5.3 Information on any approval by the board of directors of distribution of remuneration:

A. The amount of any employee remuneration and director remuneration distributed in cash or stock

Proposed remuneration to employee is NTD 148,877,817 in cash and no remuneration to Directors.

No difference between actual and estimated remuneration to employees and remuneration to directors.

B. The amount of any employee remuneration distributed in stocks, and the size of that amount as a percentage of the sum of the after-tax net income stated in the parent company only financial reports or individual financial reports for the current period and total employee profit-sharing compensation: Zero.

3.1.5.4 The actual distribution of employee and director remuneration for the previous fiscal year (with an indication of the number of shares, monetary amount,

and stock price, of the shares distributed), and, if there is any discrepancy between the actual distribution and the recognized employee and director remuneration, additionally the discrepancy, cause, and how it is treated.

A. Distribution of remuneration to employee is NT$139,318,001 in cash and no remuneration to Directors in 2025.

B. No difference between actual and estimated remuneration to employee and directors

3.1.6 Status of a company repurchasing its own shares : None.

3.2 Issuance of Corporate Bonds, Convertible Corporate Bonds, Exchangeable Corporate Bonds, Issuance of Corporate Bonds Under Shelf Registration, Issuance of Corporate Bonds Under Shelf Registration, Corporate Bonds With Warrants : None.

3.3 Preferred Share and Preferred Share with Warrants : None.

3.4 Global Depository Receipts : None.

3.5 Employee Stock Options : None.

3.6 Issuance of New Restricted Employee Shares : None.

3.7 Issuance of new shares in connection with mergers or acquisitions or with acquisitions of shares of other companies : None.

3.8 Implementation of the company's capital allocation plans : None.

IV. Operation Highlights

4.1 Business Activities

4.1.1 Business Scope

Compeq focuses on the manufacturing of Printed Circuit Boards (PCBs) as our core business. PCBs are critical components in electronic products, serving as the platform for mounting electronic components and enabling interconnection among them. Compeq’s primary product portfolio includes High Density Interconnect (HDI), High Layer Count (HLC), Flexible PCB (FPC), and Rigid-Flex PCB; in addition, Compeq also provides the service of module assembly and packaging to meet customer requirement.

4.1.2 Industry Overview

The global electronics market has demonstrated strong growth momentum in 2025. According to Prismark, the total market value of electronic products grew by 10% in 2025, exceeding the original forecast of 7.4%, primarily driven by more than 40% growth in data center-related applications. This trend also supported a 15.8% increase in global PCB market value. Meanwhile, AI data center applications are increasingly adopting HLC and HLC+HDI designs, contributing to a rise in average selling prices (ASP).

Looking ahead to 2026, the global electronics market is projected to grow by 8.0%. Data center-related products will remain the primary growth driver, with an estimated growth rate of 31.7%. In addition, increasing demand for satellite communications, along with the deployment of related infrastructure such as satellites and ground receiving equipment, will continue to support market expansion. In contrast, demand for smartphones and personal computers is expected to remain relatively conservative due to supply constraints and rising prices of key components such as memory, shipment volumes are projected to decline. Wearable devices, including smart glasses and earphones, are expected to maintain growth, supported by the integration of edge AI technologies.

Based on the above trends, the global PCB market value is projected to grow by 12.5% in 2026. High-end products, particularly HLC boards with more than 18 layers (projected growth of 62.4%) and HDI boards (projected growth of 14.5%), will serve as the key growth drivers.

4.1.3 Research & Development

A. R&D Expenditure for the Past Five Years

Year	2021	2022	2023	2024	2025
Expenditure (NT$ 1,000)	2,401,545	2,688,774	2,551,795	2,738,967	3,031,630

B. R&D Items and Achievements

a. Product Development

Completed the development of products and technologies such as AI server OAM, PCIe 6.0, and 224Gbps switch.

Completed the development of product technologies such as satellite communication metal core, slurry sintering, 5G millimeter wave, and Ka band communication
Completed the technical development of 800G, 1.6T, and 3.2T optical modules/transceivers.
Completed the technical development of robot motor board products.
Complete Coreless product development
Completed the development of MSAP technology for FPC coil boards.
Complete the process setup for flexible printed circuit board (FPCB) products with L/S of 25/25μm and 20/20μm.
Complete the roadmap for datacenter, optical module, and other product development for 2026-2027.

b. Process Development
- Complete the development of the I-coin process and parameters for optical modules.
- Complete the selective plugging and dry film coverage design rule for the merged drilling process.
- Complete the development of the Step Gold finger product --- gold finger cap opening process.
- Improved capabilities in thicker plate and thicker copper lamination and drilling processes
- Complete the development of deep and large blind holes and machine drilling and filling technology
- Achieve mSAP finished copper thickness of 20μm process capability improvement and yield improvement for L/W of 20/20μm.
- BD stub length 4±2mil process capability development & integration
- Thermal management inlay material process evaluation and development
- Improve the alignment capability of HDI products, while also accommodating through-holes with a D+125μm diameter and blind vias with a D+50μm diameter

c. Equipment Setup
- Import of high-end testing equipment
- Completed the setup and mass production implementation of vacuum laminators, and advanced solder mask DI for optical modules.
- Completed the setup and mass production implementation of thick board laminators, LDI, and horizontal vacuum plugging machines for data center product.
- Introducing a single-axis target shooting machine improves alignment capabilities.
- New detection function (traditional algorithm + AI) AVI evaluation.
- Import deep hole pulse VCP and through-hole filling pulse VCP.
- Completed the second phase of equipment construction at the Thailand plant.

d. Material Development
- Completed the dry film evaluation for selective ENEPIO

Complete the introduction of low-loss solder resist ink and low-DK via-filling ink.
Complete the evaluation and import of PTH plugging copper paste.
Establishment of material parameters and Low profile copper surface treatment technology for high-frequency and high-speed product applications.
Complete M9 material evaluation and sample import.
Complete the import of embedded materials.
Complete the establishment of material parameters related to optical module products.
Film type SM process establishment.
Complete the introduction of high-density LLV well filling solution.

C. Future R&D Projects

a. Research & Development of Product
- AI ASIC/GPU OAM & Switch etc...Setup & implement
- High-frequency materials, low-profile copper foil/pre-pressing treatment, isoelectric databank and SI coupon establishment
- Continuous development and introduction of new products such as satellite communications, data centers, and optical communications.
- Datacenter 2028 Tech. Roadmap Project Development and Standardization
- Optical Module 2028 Tech. Roadmap Project Development and Standardization.
- UHD2.0/3.0 Product Development Implementation.

b. Research & Development of Production Processes
- Establishment of high-AR process capability for 5.9 & 6.9mil small apertures.
- Development of technology for filling large blind vias with a diameter of 6.5-7.5 mil and a dielectric thickness of 5 mil.
- Development of pulse electroplating technology for through-hole plates (150-280 mil) with high aspect ratio (<42) and dense BGA (>5000 holes).
- Development of machine-drilled through-hole filling technology (plate thickness/hole diameter 400/100um, 900/200um)
- Development of Two-Copper Pulse Technology.
- Improved back drill alignment capability, XY accuracy (to metal 4mil, to PTH +/-2mil), Stub Length 0~4mil
- Improved cutting and blind fishing precision: Pad to edge <25um, blind fishing depth +/-28um.
- Establishing process capabilities for high-end materials with finished product pore sizes of 40~60um.
- Improved process capabilities for thick copper fine-line fabrication.
- Establishing a non-cross-board partitioning process improves the alignment capability of mid-range products.

Improvement the AOI yield and line width Cpk of mSAP-like technology for FPC coil boards.

c. Equipment Setup
- New equipment established to accommodate the expansion of data center and satellite communication capacity.
- Evaluation of advanced LDI (6μm adhesion) equipment.
- CCD stacking hot melt machine introduction.
- Nidec FPC Testing Machine Import.
- 3D-AOI Equipment Evaluation.
- Evaluation of high detection rate AVI equipment.
- Evaluation of Polar Mussa Disc Brush Polisher.
- Automatic analysis and addition system for gold and palladium baths.

d. Research & Development of Material
- Dry film ink 2nd source evaluation.
- M8U/M9 Material Mass Production Introduction and SI Databank Establishment.
- Low-level copper foil 2nd source import.
- Evaluation and import of copper foil HVLP5/RTF4/MT18GN.
- Evaluation and introduction of copper removal chemicals Evaluation of New Alternative Chemicals for Filling, High AR Through-hole, and Low Profile Pretreatment.
- Evaluation of Thick Gold (THK >5u") Solution (MKS G-Bond) in Nickel-Palladium-Gold Process.
- Evaluation and introduction of Shadow Plus.
- Evaluation and introduction of Optical waveguide material.
- Evaluation and introduction of developing colloidal stabilizers.

We expect the R&D Expenditure is NTD 2.5~3 billion in 2026.

4.1.4 Long/Short Term Business Development Plans

Regarding short-term business development plans, Compeq will continue to strengthen our position in mainstream consumer electronics, including smartphones, tablets, and personal computers (such as AI smartphones, AI PCs, and wearable devices). At the same time, we will actively expand into high-growth segments, including data center and high-speed communication applications (such as AI servers, optical transceivers, and network switches), satellite communication equipment (such as communication satellites and ground receiving equipment), and automotive autonomous driving applications. Compeq adopts a full product line strategy covering High-Density Interconnect (HDI), substrate-like PCBs (mSAP), High Layer Count (HLC) boards, High Layer HDI, Flexible Printed Circuits (FPC), Rigid-Flex PCBs, as well as PCB assembly and packaging services, and will continue to invest in the development of technologies related to these product lines.

From a long-term perspective, the Compeq will continue to strengthen its position in existing core product markets while actively expanding into key

future growth drivers, including Humanoid robots, Quantum computing, and Orbital Data Center. Compeq will continue to invest in research and development, manufacturing, and customer support to deliver high-quality PCB-related products and services with advanced technologies, and will allocate resources in line with market developments to develop solutions that meet evolving and diversified customer needs.

4.2 Markets and Supply Overview

4.2.1 Market Analysis

A. AI Data Center Servers :

The AI server market continues to experience rapid growth. According to TrendForce, global AI server market value reached USD 300 billion in 2025, representing a year-on-year increase of 46%, while shipments grew by 24.2% to 2.14 million units. Growth was primarily driven by demand from cloud service providers (CSPs), sovereign AI of various countries, and edge AI applications.

Looking ahead to 2026, driven by inference demand from generative AI and AI agents, the AI server market is expected to grow by more than 30% to USD 395 billion, with shipments increasing by 28.3% to 2.75 million units. In terms of chip architecture, the share of servers adopting in-house ASIC solutions is expected to increase from 20% to 28%, indicating a dual-track high growth model of GPUs and ASICs.

B. Optical Transceiver :

According to Cignal AI, the global optical transceiver market reached USD 25 billion in 2025, representing year-on-year growth of approximately 56%. Of this, more than USD 18 billion was driven by high-speed data center interconnect applications, reflecting strong demand for high-bandwidth connectivity in AI computing clusters. Shipments of high-end optical transceivers with data rates of 800G and above reached 24 million units, representing growth of more than 140%.

Looking ahead to 2026, TrendForce indicates that 800G and 1.6T optical transceivers will be the primary growth drivers, with projected shipments of 42 million and 22 million units, respectively. Together, these products are expected to account for approximately 60% of total global shipments, representing year-on-year growth of more than 160%.

C. Satellite Communication Infrastructure :

According to TrendForce, the global satellite market reached USD 357 billion in 2025, representing year-on-year growth of approximately 9%. Market value is primarily derived from ground equipment, satellite services, satellite manufacturing, and launch services.

Looking ahead to 2026, the Low Earth Orbit (LEO) segment will remain the key growth driver. Benefiting from advancements in next-generation rocket and satellite technologies, the industry is shifting from broadband connectivity via user terminals to mobile communication services. In

particular, Direct-to-Cell (D2C) technology is enabling access to a global telecom-scale market comprising billions of users. The global satellite market is projected to reach USD 392 billion in 2026, representing growth of nearly 10%.

D. Mobile phone :

According to IDC, global smartphone shipments reached 1.26 billion units in 2025, representing year-on-year growth of 1.9%, supported by strong demand for high-end models and advance purchasing ahead of anticipated price increases, despite memory supply constraints in the fourth quarter. Looking ahead to 2026, Counterpoint Research forecasts a structural decline of more than 10% in global smartphone shipments. Entry-level devices priced below USD 150 are expected to be most affected, with shipments projected to decline by more than 20% due to tightening memory supply and rising costs. At the same time, the market will continue to shift toward higher-value products. Approximately one-third of shipments in 2026 are expected to consist of devices priced above USD 500, reflecting sustained demand for high-performance smartphones. Overall, 2026 is expected to be a challenging year for the industry, characterized by structural adjustment.

E. Tablets and laptops :

According to IDC, global tablet and notebook shipments in 2025 reached 152 million units and 285 million units, representing year-on-year growth of 5% and 8.1%, respectively. Tablet demand was primarily supported by post-pandemic replacement cycles, while notebook demand benefited from the Windows 10 end-of-support upgrade cycle and early purchasing driven by concerns over tariffs and rising memory prices.

Looking ahead to 2026, continued memory supply constraints and rising component costs are expected to weigh on demand. Tablet shipments are projected to decline by more than 7%, while notebook shipments are expected to decrease by more than 10%. With limited demand recovery and shifting cost structures, the PC industry will be in a period of adjustment and restructuring over the next two years.

4.2.2 Applications and Production Flow of Major Products

A. Application of main products

The main applications of PCBs manufactured by Compeq can be categorized into four major segments:

a. Data centers and high-speed transmission

The main products are AI Servers, AI accelerator card, Transceivers, High-speed switches, High capacity SSD and other network-related equipment.

b. Space satellite communications

The main products are communication-related equipment such as LEO satellites, ground reception equipment and Satellite-related vehicle.

c. Automotive electronic and Humanoid robots

The main products are intelligent driving, cognitive and motion modules

for Humanoid Robots and related products.

d. Smartphone/ PCs/ Consumer Electronics

The main products are AI smartphones, AI PCs, tablets, TWS, AR/VR, and smart wearable devices.

B. Manufacturing process of the major products

The major products of Compeq are printed circuit boards (PCB). The basic production process for rigid PCBs is shown as below.

4.2.3 Major Supplies and Material Market Situation

A. The key material of PCB are Laminate / Prepreg/Copper foil/Dry Film and various plating chemistry. The supplier of Compeq are famous companies in each field and has set up a long term relationship and stable supply channel with Compeq.
B. The price of PCB key material fluctuated in 2025 due to metal price fluctuation and unbalance of demand-supply on PCB key materials.

It's expected the price of PCB key materials will be increasing in 2026.

4.2.4 Major Suppliers and Clients

A. Major Suppliers in the Last Two Calendar Years

Unit: NT$ thousands

2024				2025
Company Name	Amount	Percent	Relation With Issuer	Company Name	Amount	Percent	Relation With Issuer
Others	30,725,736	100	None	Others	31,141,933	100	None
Net Total Supplies	30,725,736	100		Net Total Supplies	31,141,933	100

B. Major Clients in the Last Two Calendar Years

Unit: NT$ thousands

Item	2024				2025
	Company Name	Amount	Percent	Relation With Issuer	Company Name	Amount	Percent	Relation With Issuer
1	I	27,001,133	37	None	I	28,676,232	38	None
2	II	10,122,249	14	None	II	11,399,370	15	None
	Others	35,341,026	49	None	Others	35,920,085	47	None
	Net Sales	72,464,408	100		Net Sales	75,995,687	100

4.3 Breakdown Employee Data for the Past Two Years

Year		2024	2025	As of Feb 28 2026
Employees	Direct labor	17,145	19,631	18,465
	Indirect labor	2,963	3,200	3,201
	Total	20,108	22,831	21,666
Average Age		35.5	32.45	34.86
Average Years of Service		6.6	5.6	6.7
Educational Background	Ph. D.	2(0.02%)	2(0.02%)	2(0.01%)
	Master	271(1.3%)	309(1.3%)	313(1.4%)
	Associate / Baccalaureate	6,687(33.3%)	8,208(36.0%)	7,554(34.9%)
	Senior High School	3,526(17.5%)	4,024(17.6%)	3,875(17.9%)
	Junior High School	9,622(47.9%)	10,288(45.1%)	9,922(45.8%)

4.4 Environmental Protection Expenditure

4.4.1 Total Losses and Penalties

| Year
Item | 2024 | 2025 | As of Feb 28 2026 |
| --- | --- | --- | --- |
| Status of pollution (type & extent) | Abnormal water pH value | None | None |
| Punishment imposed by or penalties paid to | Taoyuan City Government | None | None |
| Penalties | TWD118 thousand | None | None |
| Other losses | None | None | None |

4.4.2 Countermeasures: We have conducted investigations into high-risk areas surrounding our factories and have completed necessary improvements

4.4.3 Forecast of Environmental Expenditure for the year of 2025 &2026

| Year
Item | 2026 | 2027 |
| --- | --- | --- |
| Procurement of environmental control equipment | (1) Improvement of wastewater treatment efficiency.
(2) Enhancement of waste minimization within plants & waste recovery
(3) Soil and groundwater pollution prevention | (1) Improvement of wastewater treatment efficiency.
(2) Enhancement of waste minimization within plants & waste recovery
(3) Soil and groundwater pollution prevention |
| Predicted status improvement | Compliance with government regulation & production cost reduction. | Compliance with government regulation & production cost reduction. |
| Amount | NT $ 20,000 thousand | NT $ 20,000 thousand |

4.5 Employees Relations

4.5.1 The Group's various employee benefit measures, education, training, retirement system and its implementation, as well as labor-management agreements and various employee rights protection measures.

A. Compeq values employee benefits and employee education and always follows the related labor laws to protect employees' rights and interests.

a. Employee Benefits: Compeq exercises annual bonus for employees. We also provide free meals, accommodations, shuttle bus, and night taxi delivery services, all kinds of associations, family day, and subsidies for holidays or special events.

b. Employee Education and Training: Headquarter and each site have departments specialized in employee training. Compeq arranges and organizes different training programs for different types of job, and encourages employees to participate advanced study programs.

c. Retirement: Compeq provides employee retirement pension plans that comply with labor laws and regulations and periodically allocate reserved funds to employees' retirement accounts.

B. Compeq actively set up in a variety of internal communication channels, such as employees' suggestion box, complaints E-mail, complaints phone which can contact with HR, union representatives and so on. In the other hand, Labor-Management Meeting held each quarter. We encourage employees can use the Communication channels to react issues. Because of the sound organization of the labor union and the smooth internal communication channels, Compeq has never had any major labor disputes.

a. Labor Union: The labor union, organized by all Compeq employees, has its own governors/supervisors and managing governors/supervisors to serve a term of four years, and hold meetings each quarter. The labor union is well organized and operated smoothly.

b. Communication Channels: In addition to the labor union, Compeq also sets up channels for suggestions and complete petition systems in each department. Supervisors are also required to identify problems proactively. Therefore, most labor issues are resolved through prior and adequate communication and consultation.

C. In addition to our continued adherence to the principles of sincere and honest communication in formulating our labor policy, we will also take the following actions to create a win-win situation for both the company and the employees.

a. Comply with the Labor Standards Act and other related regulations to ensure maximum protection for the employees.
b. Initiative to invite the workers' representatives to participate in the formulation of all labor-related management system.
c. Adequately disseminate information about the company's operating status and major actions in advance to ensure the full understanding and support of the employees.

4.5.2 Losses sustained due to labor disputes (including labor inspection results found in violation of the Labor Standards Act, specify the date of the penalty, letter number, article violated, provision violated, details of the penalty) in the most recent year and up to the printing date of the annual report, and disclose current and future estimated amount and response measures; if it cannot be reasonably estimated, describe the facts that it cannot be reasonably estimate: The Company did not sustain any losses due to employer-employee disputes in the most recent year and up to the annual report publication date.

4.6 Information security management :

4.6.1. COMPEQ obtained the new version of ISO27001-2022 certification in 2024 and completed the SGS annual audit in 2025.
4.6.2. To ensure the effective implementation of internal information security management, we have established an appropriate management structure to review information security policies, assign security responsibilities, reduce corporate information security threats from a systemic, technical, and procedural perspective, create an information security protection environment that meets customer needs, and continuously improve through a " plan -> implementation -> verification - > action " cycle.

Information Security Management System; Information Security Organizational Structure as follows :

A. The Information Security Management Representative and Convener is the highest-ranking executive ( Chief Information Security Officer ) of the company's information unit . He/She is responsible for reviewing information security policies, management methods, technical specifications , research , establishment, resource assessment and other related matters. Meetings are held regularly each year or as needed to review information security management matters.
B. Each plant area executive representative is appointed by the company's highest-ranking IT executive and is responsible for coordinating the "Information Security Execution Team" and the "Emergency Response Team" to carry out information security-related operations, provide early

warnings and monitoring of information security status, and handle information security incidents.

C. Information Security Implementation Team, composed of personnel appointed by the executive representatives of each plant area, is responsible for formulating relevant information security management standards, promoting information security-related activities, and implementing audit and improvement recommendations.

D. Emergency Response Team, composed of personnel appointed by the executive representatives of each plant area, is responsible for coordinating and supervising the execution of operations by the persons in charge of each key business process in the event of a major cybersecurity incident, and coordinating the allocation of resources in order to achieve rapid recovery.

E. The Information Security Audit Team, appointed by the Information Security Management Representative and Convener, is responsible for auditing the implementation of the Information Security Management System.

4.6.3. To ensure the confidentiality, integrity, and availability of information assets belonging to the Company and its various plants, in order to comply with relevant laws and regulations and protect them from intentional or accidental threats from the inside or outside, and taking into account the Company's and its business needs, the following information security policy is established :

A. Information Security Objectives

a. Protect the security of our company and the business services of each factory area, ensure that information can only be accessed by authorized personnel, protect customer rights, maintain customer data, and ensure its confidentiality.

b. Protect the security of the company's and all its factory area's business

services, prevent unauthorized modifications, and ensure their accuracy and integrity.

c. Establish a continuous operation plan for the company and its various plants to ensure the continued operation of the company's business services.

B. To achieve information security goals, we strictly adhere to the ISMS information security system for management. The management scope covers 14 management areas to prevent data misuse, leakage, alteration, or damage due to human error, intentional acts, or natural disasters, which could pose various potential risks and harms to our company and all our plants. Each management area is described below:

a. Information security policy formulation and evaluation.
b. Information Security Organization.
c. Human Resources Safety Management.
d. Information Asset Management.
e. Access control security management.
f. Cryptographic security management.
g. Physical and environmental safety management.
h. Operational safety management.
i. Communication security management.
j. System Acquisition, Development and Maintenance Security Management.
k. Supplier security management.
l. Information security incident management.
m. Safety aspects of operational continuity management.
n. Compliance Management

4.6.4. Invest resources in information security management.

A. Certification: Certified by ISO27001-2022 Information Security, with annual review conducted annually, and the latest validity period is 2026/5.
B. Establish an information security organization: responsible for the planning, technology implementation, and related auditing of the company's information security system, in order to maintain and continuously strengthen information security.
C. Customer Satisfaction: Passed customer audits and no major cybersecurity incidents.
D. Conduct regular annual cybersecurity education and training, and regularly promote cybersecurity precautions monthly.
E. Cybersecurity Budget Allocation: Tens of millions of dollars are allocated annually for cybersecurity, including antivirus systems, EDR, SIEM,

vulnerability scanning, penetration testing, hardware updates, vendor maintenance, ISO27001 audits, etc.

F. Join the government's cybersecurity joint defense organization " Taiwan CERT/CSIRT Alliance " and TPCA cybersecurity exchange meetings, participate in training courses and receive cybersecurity reports.
G. Cybersecurity Insights : Attend cybersecurity vendor briefings , the Taiwan Cybersecurity Conference , etc.

4.6.5. In the most recent year and up to the date of publication of the annual report, the Company has not experienced any significant financial or operational losses due to major information and communication security incidents.

4.7 Important Contracts :

Nature of Contract	Counterparty	Contract Period	Main Content	Restrictions
Land and Building Lease	TAI HO PRINTING & DYEING CO., LTD.	Land: March 1, 2026 – February 29, 2076
Building: March 1, 2026 – February 28, 2046	Lease of land and building	None

V. Review of Financial Conditions, Financial Performance, and Risk Management

5.1 Analysis of Financial Status

Unit: NT$ thousands

| Year
Item | 2025 | 2024 | Difference | |
| --- | --- | --- | --- | --- |
| | | | Amount | % |
| Current Assets | 50,935,396 | 46,234,211 | 4,701,185 | 10 |
| Non-current Assets | 39,561,637 | 39,026,253 | 535,384 | 1 |
| Total Assets | 90,497,033 | 85,260,424 | 5,236,609 | 6 |
| Current Liabilities | 30,575,905 | 27,850,668 | 2,725,237 | 10 |
| Non-current Liabilities | 12,058,458 | 12,940,672 | (882,214) | (7) |
| Total Liabilities | 42,634,363 | 40,791,340 | 1,843,023 | 5 |
| Capital stock | 11,918,206 | 11,918,206 | 0 | 0 |
| Capital surplus | 1,060,226 | 1,060,226 | 0 | 0 |
| Retained Earnings | 34,157,929 | 30,456,881 | 3,701,048 | 12 |
| Other equity | 726,309 | 1,033,811 | (307,502) | (30) |
| Total Stockholders' Equity | 47,862,670 | 44,469,124 | 3,393,546 | 8 |
| • Analysis of changes in financial ratios:
1. Other equity: The variance in exchange differences on translation of foreign operations' financial statements for FY2025 was primarily due to fluctuations in the exchange rates of the RMB, TWD, and THB.
• Effect of changes on the company’s financial condition: The Company’s financial condition has not changed significantly.
• Future response actions: Not applicable | | | | |

5.2 Analysis of Financial Performance

5.2.1

Unit: NT$ thousands

Item\Year	2025	2024	Difference
			Amount	%
Net Revenue	75,995,687	72,464,408	3,531,279	5
Cost of Revenue	61,873,094	60,871,618	1,001,476	2
Gross Profit	14,122,593	11,592,790	2,529,803	22
Operating Expenses	5,972,569	5,465,624	506,945	9
Income from Operations	8,150,024	6,127,166	2,022,858	33
Non-operating Income and Expenses	(70,183)	942,637	(1,012,820)	(107)
Income before Income Tax	8,079,841	7,069,803	1,010,038	14
Income Tax Expenses	1,512,973	1,470,707	42,266	3
Net income	6,566,868	5,599,096	967,772	17
● Analysis of changes in financial ratios:
1. Gross Profit: Increased due to higher operating revenue, along with improvements in product mix and operating performance.
2. Operating Income: Increased primarily due to the rise in gross profit, while operating expenses also increased but at a relatively smaller rate.
3. Non-operating Income and Expenses: In 2025, the change was mainly attributable to foreign exchange losses resulting from exchange rate fluctuations.
● Effect of changes on the company’s future business: No significant changes in the company’s business scope.
● Expected Sales Volume for the Next Year and Basis, and Key Factors Affecting Growth or Decline : Sales are expected to increase, driven by anticipated growth in market demand and capacity expansion.

5.2.2 Analysis of changes in Gross Profit

Unit: NT$ thousands

Item	Increase/Decrease of Gross Profit	Reason for Difference
		Price Difference	Cost Difference	Sales Mix Difference	Quantity Difference	Product Mix Difference
Gross Profit	$2,529,803	$4,110,927	$(1,897,252)	$352,6188	$(351,258)	$314,768

Note: The main reason is the change in sales product mix, unit price and production cost, which led to an increase in the overall gross profit margin and operating gross profit amount compared with the previous year.

5.3 Analysis of Cash Flow

5.3.1 Cash Flow Analysis for the Current Year

Unit: NT$ thousands

Cash and Cash Equivalents, Beginning of Year (1)	Net Cash Provided by Operating Activities (2)	Cash Outflow (3)	Cash Surplus (Deficit) (1)+(2)-(3)	Leverage of Cash Deficit
				Investment Plans	Financing Plans
$11,152,324	$11,287,792	$(10,931,161)	$11,508,955	—	—
Analysis of change in cash flow in the current year:
1. Cash flows from operating activities: Primarily driven by profits generated from sales revenue, resulting in a net inflow of operating funds.
2. Cash flows from investing activities: Primarily consists of payments for the acquisition of property, plant, and equipment (PP&E).
3. Cash flows from financing activities: No significant changes.

5.3.2 Remedy for Cash Deficit and Liquidity Analysis : Not applicable.

5.3.3 Cash Flow Analysis for the Coming Year

Estimated Cash and Cash Equivalents, Beginning of Year (1)	Estimated Net Cash Flow from Operating Activities (2)	Estimated Cash Outflow (Inflow) (3)	Cash Surplus (Deficit) (1)+(2)-(3)	Leverage of Cash Surplus (Deficit)
				Investment Plans	Financing Plans
$ 11,508,955	$13,162,692	$(14,095,720)	$10,575,927	—	—

A. Cash flows from operating activities: Mainly due to the increase in operating profit.
B. Cash flows from investing activities: Primarily consists of payments for the acquisition of property, plant, and equipment (PP&E).
C. Cash flows from financing activities: None.

5.4 Major Capital Expenditure Items

5.4.1 Major Capital Expenditure Items and Source of Capital

Unit: NT$ thousands

Project	Actual or Planned Source of Capital	Actual or Planned Date of Completion	Total Capital	Actual or Expected Capital Expenditure
				2025	2026	2027	2028	2029
acquisition of equipment	Operating income and bank loans	2026.12.31	$16,445,139	$6,578,139	$9,867,000	—	—	—

5.4.2 Expected Benefits

Impact on Financial Operations:

The aforementioned investments are primarily directed toward plant expansion and the acquisition of production equipment. Funding sources include internal funds and bank borrowings.

These investments are strategically executed to meet growing market demand and facilitate technological upgrades. By implementing these initiatives, the Company expects to increase production capacity, enhance technical capabilities, and improve yield rates. This

will enable the Company to broaden its market applications and strengthen its overall competitiveness.

Furthermore, the increase in capacity is expected to drive revenue growth. As operational efficiencies gradually materialize, these investments will provide a positive contribution to the Company's financial position and long-term operational development.

5.5 Investment Policy in the Last Year, Main Causes for Profits or Losses, Improvement Plans and Investment Plans for the Coming Year

Unit: NT$ thousands

Item\Remarks	2025 Income (Loss) Amount	Policies	Reasons for Gain or Loss	Improvement Plan	Investment Plan for the Coming Year
HUATON HOLDINGS LIMITED	3,931,297	Investment business in Mainland China	Improvement in the operating status of production facilities	Continue to strive for orders	Continue fixed asset investment
PELICAN COVE INVESTMENT LTD.	13,874	Trading business in Mainland China	Profit from trading business.	Continue to strive for orders	None
HUANEIN HOLDINGS LTD.	4,431	Investment business	None	None	None
LITON HOLDINGS LIMITED	(158)	Investment business in Mainland China	None	None	None
COMPEQ Thailand Co., Ltd.	278,484	Increase overseas production bases	Improvement in the operating status of production facilities	Continue construction and strive for orders	Continue fixed asset investment

5.6 Analysis of Risk Management

5.6.1 Effects of Changes in Interest Rates, Foreign Exchange Rates and Inflation on Corporate Finance, and Future Response Measures

A. Interest rate

While interest rate is unpredictable as shown in the historical trend, we regularly assess their impacts on our bank loans to timely adjust our financing policy.

B. Foreign exchange rates

As an export-oriented company, we have most accounts receivable in USD. As our suppliers are located in either Taiwan or China, we pay mostly in TWD and CNY. Therefore, most exchange loss and gain come from exchanging USD to TWD and USD to CNY. Past exchange rate trends show that exchange rates are impossible to predict accurately. Natural hedging of asset against debt was therefore used where possible last year. Pre-sale of USD at the forward rate was also used to reduce exchange risks. The hedging position is increased or reduced based on the trend of the USD exchange rate.

C. Inflation

There is currently no serious inflation problem in Taiwan so inflation does not have a material impact on our bottom line at the moment.

5.6.2 Policies, Main Causes of Gain or Loss and Future Response Measures with Respect to High-risk, High-leveraged Investments, Lending or Endorsement Guarantees, and

Derivatives Transactions

In offering endorsements and guarantees, none of our wholly owned subsidiaries or their wholly owned investees offer endorsement or guarantee. Therefore, there are limited risks and no loss or gain from endorsements and guarantees.

Trading in derivative products can be authorized by the Chairman under our company’s “Acquisition or Disposal of Assets Procedure” but our current policy is to only engage in long-term foreign exchange transactions for hedging purposes. Future trading in derivatives will be mainly for hedging purposes as well. Trading for profit will be avoided to prevent major losses from errors in judgment.

5.6.3. Future R&D Plans and Estimated R&D Expenses:

With the rapid advancement of technologies such as satellite communications, AI applications, High-Performance Computing (HPC), and Electric Vehicles (EVs), Printed Circuit Boards (PCBs)—as the core carrier of electronic products providing the platform for supporting and interconnecting components—face challenges regarding higher performance, finer manufacturing processes, and environmental requirements. As a leader in PCB manufacturing, Compeq is committed to maintaining its competitive edge and leadership position. We have planned advancements in self-developed process technologies for the next 1–3 years to enhance technical capabilities, expand application fields, and optimize production workflows. In 2025, R&D investment is projected to account for approximately 3.99% of total revenue. These resources will focus on Advanced Ultra-low Loss materials, Low CTE material development for asymmetric Hybrid structures, high-end mSAP (modified Semi-Additive Process) technology, and precise SI (Signal Integrity) control for complex multilayer structures. By overcoming existing technical bottlenecks, we aim to establish the foundation for next-generation high-performance computing and ensure an absolute leading position in the high-end technology roadmap.

Key Focus Areas of Compeq’s Advanced Process Technology Development:

Data Center Applications: To meet the demands of next-generation AI servers, we are deepening the development of application technologies for M9 and M10 grade ultra-low loss materials. Key focuses include lamination uniformity, impedance and signal loss control, small-hole drilling for thick boards, electroplating, and precise depth-controlled back-drilling.
Optical Communication Applications: We are fully advancing applications for optical communication modules above 800G, developing capabilities in ultra-high layer count High-Density Interconnect (HDI), ultra-micro vias, high alignment precision, and advanced surface treatment technologies.
Satellite and High-Frequency Communications: We are perfecting Copper Sintering and embedded resistor copper processes for satellite boards. For 5G/6G millimeter-wave (mmWave) applications, we are enhancing core lamination multi-pressing alignment capabilities to maintain our leading advantage in satellite communications.
Advanced HDI and mSAP Technology: Integrating applications for thin and light terminal products, we are refining fine-line development and introducing the application of RCC (Resin Coated Copper) new materials.
Flexible and Rigid-Flex PCBs: We are focused on enhancing automation technology for multilayer flexible and rigid-flex boards, while diversifying into advanced SMT (Surface Mount Technology) fields and applications.
Smart Manufacturing and ESG Sustainability: We are implementing AI-driven Automated Visual Inspection (AVI+AI) to significantly improve defect detection

rates and reduce labor costs. In response to global carbon reduction trends, we are prioritizing Plasma CF4 reduction processes and energy-saving designs with minimized tank volumes to achieve green manufacturing.

In the face of future challenges, beyond innovative product and technology development, we will internally continue to advance intelligent production, enhance quality, prioritize environmental protection, and promote energy conservation and carbon reduction. Through precise R&D resource allocation and industry-academic collaboration, we aim to optimize production processes, increase efficiency, and reduce waste. Furthermore, we are actively cultivating R&D talent with innovative mindsets, conducting cross-process multi-skill training, and strengthening problem-solving capabilities. These efforts will enable more efficient, flexible, and higher-performance production, ensuring Compeq maintains a strong competitive advantage amidst rapid environmental and technological changes, while delivering value to society and our investors.

5.6.4 Effects of and Response to Changes in Policies and Regulations Relating to Corporate Finance and Sales: No significant effects in 2025.

5.6.5 Effects of and Response to Changes in Technology and the Industry Relating to Corporate Finance and Sales

The impact of technological changes (including information and communication security risks) and industry shifts on the company's financial and operational activities, and corresponding countermeasures;

With the rapid development of internet technology and the ever-changing nature of malicious cyberattacks, COMPEQ has implemented and certified the international standard ISO27001 information security management system.

We continuously update our security software and hardware to address external threats and conduct regular risk assessments to reduce the risk of malicious cyberattacks and protect the company's critical assets.

In the most recent year and up to the date of publication of the annual report, the Company has not experienced any significant impact on its financial operations due to technological changes and industry shifts.

5.6.6 The Impact of Changes in Corporate Image on Corporate Risk Management, and the Company's Response Measures: Not applicable

5.6.7 Expected Benefits from, Risks Relating to and Response to Merger and Acquisition Plans: Not applicable

5.6.8 Expected Benefits from, Risks Relating to and Response to Factory Expansion Plans:

(1) Expected Benefits:

From the beginning of FY2025 to the date of publication of this annual report, the benefits derived from investments in plant expansion and the acquisition of machinery and equipment have remained in line with expectations.

(2) Potential Risks and Mitigation Measures:

In response to potential investment risks arising from high volatility in the electronics market and shifts in the global economy, we continue to strengthen management and enhance our competitiveness. To mitigate and address these risks, we closely monitor market fluctuations, as well as our customers' product development strategies and demand trends.

5.6.9 Risks Relating to and Response to Excessive Concentration of Purchasing Sources and Excessive Customer Concentration

The Company has consistently focused on identifying alternative sources for purchasing, and has worked to diversify its customer base in order to reduce the concentration of sales.

5.6.10 Effects of, Risks Relating to and Response to Large Share Transfers or Changes in Shareholdings by Directors, Supervisors, or Shareholders with Shareholdings of over 10%

The shareholdings of the Company’s directors and supervisors have been stable during the last few years, and there have been no major transfers or swaps of shares.

5.6.11 Effects of, Risks Relating to and Response to the Changes in Management Rights: None

5.6.12 Litigation or Non-litigation Matters

A Major ongoing lawsuits, non-lawsuits or administrative lawsuit: None.

B Major ongoing lawsuits, non-lawsuits or administrative lawsuits caused by directors, supervisors or shareholders with over 10% shareholdings: None

5.6.13 Other Major Risks: None.

5.7 Other important matters: None

VI. Special Disclosure -- RELATED PARTIES INFORMATION

6.1 Organization

6.1.1 Organization Chart

NOTE	PARENT COMPANY	SUBSIDIARY	SHARE RATIO
(1)	COMPEQ MANUFACTURING CO., LTD.	HUATON HOLDINGS LTD.	100%
(2)	COMPEQ MANUFACTURING CO., LTD.	PELICAN COVE INVESTMENT LTD.	100%
(3)	COMPEQ MANUFACTURING CO., LTD.	HUANEIN HOLDINGS LTD.	100%
(4)	COMPEQ MANUFACTURING CO., LTD.	LITON HOLDINGS LTD.	100%
(5)	HUATON HOLDINGS LIMITED	COMPEQ MANUFACTURING (HUIZHOU) CO., LTD.	100%
(6)	HUATON HOLDINGS LIMITED	COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD.	75%
(7)	HUATON HOLDINGS LIMITED	COMPEQ MANUFACTURING (CHONGQING) CO., LTD.	100%
(8)	HUATON HOLDINGS LIMITED	HONG KONG HUATON HOLDINGS TRADING COMPANY LTD.	100%
(9)	COMPEQ TECHNOLOGY (HUIZHOU) CO. LTD.,	HONG KONG COMPEQ HUIZHOU TRADING COMPANY LTD.	100%
(10)	COMPEQ TECHNOLOGY (HUIZHOU) CO. LTD.,	COMPEQ MANUFACTURING (SUZHOU) CO., LTD.	100%
(11)	COMPEQ TECHNOLOGY (HUIZHOU) CO. LTD.,	HUABO TECHNOLOGY (HUIZHOU) CO.,LTD.	100%
(12)	COMPEQ MANUFACTURING (HUIZHOU) CO. LTD.,	COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD.	25%
(13)	COMPEQ MANUFACTURING CO., LTD.	COMPEQ (Thailand) Co., Ltd.	100%
(14)	COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD.	COMPEQ Technology (Thailand) Co., Ltd	100%

6.1.2 General Information

Related Party	Setup Date	Location	Paid-in Capital	Business Segment
COMPEQ MANUFACTURING CO., LTD.	1973.08.30	No.91, Ln. 814, Daxin Rd., Shin-juang Vil. Luzhu Dist., Taoyuan City 33843, Taiwan	TWD 11,918,206 Thousands	PCB manufacturing and sales
HUATON HOLDINGS LIMITED	1995.07.01	4th Floor Ellen Skelton Building, 3076 Sir Francis Drake Highway, Road Town, Tortola, British Virgin Islands VG1110,	US$ 240,886 Thousands	Investment
COMPEQ MANUFACTURING (HUIZHOU) CO., LTD.	1995.11.21	No.168, Huguang Rd., Huzhen Town, Boluo County, Huizhou, Guangdong, China 516139	CNY 1,042,301 Thousands	PCB manufacturing and sales
COMPEQ MANUFACTURING (SUZHOU) CO., LTD.	2004.05.19	Block 20TH, Suchun Industrial Square, Xinglong Industrial Park, China 215021	CNY 91,374 Thousands	SMT manufacturing and sales
COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD.	2004.07.15	No.168, Huguang Rd., Huzhen Town, Boluo County, Huizhou, Guangdong, China 516139	CNY 1,280,550 Thousands	PCB manufacturing and sales
COMPEQ MANUFACTURING (CHONGQING) CO., LTD.	2012.05.16	No.21, Panlong Road, Fuling District, Chongqing, China	CNY 532,390 Thousands	PCB manufacturing and sales
PELICAN COVE INVESTMENT LTD.	2019.11.08	PORTCULLIS CHAMBERS P.O.BOX 1225,APIA,SAMOA	US$ 17,700 Thousands	Trading
HUANIAN INVESTMENT LTD.	2007.04.23	No. 249, Guoqiang 2nd Street, Longxiangli, Taoyuan District, Taoyuan City, Taiwan	TWD337,000 Thousands	Investment
LITON HOLDINGS LTD.	2007.03.28	4th Floor Ellen Skelton Building, 3076 Sir Francis Drake Highway, Road Town, Tortola, British Virgin Islands VG1110,	US$ 100 Thousands	Investment
HONG KONG COMPEQ HUIZHOU TRADING COMPANY LTD.	2009.12.15	Room 2702-03, Integrated Centre, 302-8 Hennessy Road, Wan Chai, Hong Kong	US$ 300 Thousands	Trading
HONG KONG HUATON HOLDINGS TRADING COMPANY LIMITED	2019.09.30	Room 2702-03, Integrated Centre, 302-8 Hennessy Road, Wan Chai, Hong Kong	US$ 300 Thousands	Trading
HUABO TECHNOLOGY (HUIZHOU) CO.,LTD.	2020.08.10	No.168, Huguang Rd., Huzhen Town, Boluo County, Huizhou, Guangdong, China 516139	CNY 289,740 Thousands	Plant and equipment leasing
COMPEQ (Thailand) Co., Ltd.	2023.04.05	999 Moo 9 Ban Rakat Sub-district, Bang Bo District, Samut Prakan Province 10560, Thailand	THB 3,000,000 Thousands	PCB manufacturing and sales
COMPEQ Technology (Thailand) Co., Ltd.	2025.03.24	999 Moo 9 Ban Rakat Sub-district, Bang Bo District, Samut Prakan Province 10560, Thailand	THB 1,056,977 Thousands	PCB manufacturing and sales

6.1.3 The Business correlation between all of the affiliates overall

Related Party	Business Segment	Correlation
COMPEQ MANUFACTURING CO., LTD.	PCB manufacturing and sales	Integral related parties' management. PCBs manufacturing and Sales
HUATON HOLDINGS LIMITED	Investment	Mainly in charge of Investment
COMPEQ MANUFACTURING (HUIZHOU) CO., LTD.	PCB manufacturing and sales	Mainly in charge of the manufacturing and sales of PCBs in China
COMPEQ MANUFACTURING (SUZHOU) CO., LTD.	SMT manufacturing and sales	Mainly in charge of low volume SMT service in East China
COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD.	FPCB manufacturing and sales	Mainly in charge of the manufacturing and sales of FPCBs
PELICAN COVE INVESTMENT LTD.	Trading	Mainly in charge of Investment and trading
HUANIAN INVESTMENT LTD.	Investment	Mainly in charge of Investment
LITON HOLDINGS LTD.	Investment	Mainly in charge of Investment
HONG KONG COMPEQ HUIZHOU TRADING COMPANY LTD.	Trading	Mainly in charge of Investment and trading
COMPEQ MANUFACTURING (CHONGQING) CO., LTD.	PCB manufacturing and sales	Mainly in charge of the manufacturing and sales of PCBs in China
HONG KONG HUATON HOLDINGS	Trading	Mainly in charge of Investment and trading

TRADING COMPANY LIMITED
HUABO TECHNOLOGY (HUIZHOU) CO.,LTD.	Plant and equipment leasing	Electronic manufacturing, outsourcing processing, plant and equipment leasing business, property management, equipment lease, technical consulting
COMPEQ (Thailand) Co., Ltd.	PCB manufacturing and sales	Mainly in charge of the manufacturing and sales of PCBs in Thailand
COMPEQ Technology (Thailand) Co., Ltd.	FPCB manufacturing and sales	Mainly in charge of the manufacturing and sales of FPCBs in Thailand

6.1.4 Boards and Directors Information

Related Parties	Title	Representative	Shares and Capital
Shares	Share Ratio
COMPEQ MANUFACTURING CO., LTD.	Chairman of the Board	P.K. Chiang	800,450
Director	K.S. Peng	8,365,186	0.70%
Director	Chang-Zhi Investment Co., Ltd.	17,576,000	1.47%
Director	Representative: Charles Wu	20,298,218	1.70%
Director	Representative: Victor Lu	18,729	0.00%
Director	Positive Bo Investment Co., Ltd.	21,828,388	1.83%
Director	Representative: P.Y. Wu	17,375,911	1.46%
Director	Xue Dayton Investment Co., Ltd.	13,739,000	1.15%
Independent director	Representative: P.H. Wu	27,204,857	2.28%
Independent director	Tzu Kuan Chiu	0	0.00%
Independent director	Teng Ling Liu	1,368,565	0.11%
Independent director	Y. C. Huang	28,343	0.00%
Independent director	Ming Chuan Ko	0	0.00%
President	P.Y. Wu	17,375,911	1.46%
HUATON HOLDINGS LTD.	Chairman of the Board	Compeq Manufacturing Co., Ltd.	240,886,000
Director	Representative: P.K. Chiang	0	0.00%
Director	Representative: P.Y. Wu	0	0.00%
Director	Representative: Victor Lu	0	0.00%
Director	Representative: P.H. Wu	0	0.00%
Director	Representative: John Wu	0	0.00%
COMPEQ MANUFACTURING (HUIZHOU) CO., LTD.	Chairman of the Board	Huaton Holdings Ltd.	US$130,000,000(Paid-in)
Director	Representative: P.K. Chiang	0	0.00%
Director	Representative: P.Y. Wu	0	0.00%
Director	Representative: P.H. Wu	0	0.00%
Supervisor	Representative: Victor Lu	0	0.00%
Director and President	Representative: Pan Lu	0	0.00%
COMPEQ MANUFACTURING (SUZHOU) CO., LTD.	Chairman of the Board	Huaton Holdings Ltd.	US$ 11,290,000(Paid-in)
Director	Representative: P.Y. Wu	0	0.00%
Director	Representative: Joseph Chuang	0	0.00%
Director and President	Representative: Jacky Lu	0	0.00%
Supervisor	Representative: Fan Lu	0	0.00%
Employee supervisor	Huaton Holdings Ltd.	960,416,605	100.00%
COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD.	Chairman of the Board	Representative: P.Y. Wu	0
Director and President	Representative: P.K. Chiang	0	0.00%
Director	Representative: P.H. Wu	0	0.00%
Director	Representative: Victor Lu	0	0.00%
Supervisor	Representative: Fan Lu	0	0.00%
Supervisor	Representative: Jun Yi Wang	0	0.00%
Employee supervisor	Andrew Kuo	0	0.00%
Employee supervisor	Andrew Kuo	0	0.00%
PELICAN COVE INVESTMENT LTD.	Chairman of the Board	Compeq Manufacturing Co., Ltd.	17,700,000
Director	Representative: P.Y. Wu	0	0.00%
Director	Representative: P.K. Chiang	0	0.00%
Director	Representative: P.H. Wu	0	0.00%
HUANEIN HOLDINGS LTD.	Chairman of the Board	Compeq Manufacturing Co., Ltd.	33,700,000
Director	Representative: P.H. Wu	0	0.00%
Director	Representative: Albert Chen	0	0.00%
Supervisor	Representative: Michael Lee	0	0.00%
LITON HOLDINGS LTD.	Chairman of the Board	Compeq Manufacturing Co., Ltd.	100,000
Director	Representative: Fan Lu	0	0.00%
HONG KONG COMPEQ HUIZHOU TRADING COMPANY LTD.	Chairman of the Board	COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD.	US$ 300,000(Paid-in)
Director	Representative: Roger Yu	0	0.00%
COMPEQ MANUFACTURING (CHONGQING)CO., LTD.	Chairman of the Board	Huaton Holdings Ltd.	US$ 85,000,000(Paid-in)
Director	Representative: P.K. Chiang	0	0.00%
Supervisor	Representative: John Wu	0	0.00%
Director and President	Representative: Pe Chan	0	0.00%
HONG KONG HUATON HOLDINGS TRADING COMPANY LIMITED	Chairman of the Board	HUATON HOLDINGS LTD.	US$ 300,000(Paid-in)
Director	Representative: Pe Chan	0	0.00%
HUABO TECHNOLOGY (HUIZHOU) CO.,LTD.	Executive Director and General Manager	COMPEQ MANUFACTURING (HUIZHOU) CO., LTD.	CNY 289,740,000(Paid-in)
Supervisor	Representative: Roger Yu	0	0.00%
Director	Representative: Fan Lu	0	0.00%
COMPEQ (Thailand) Co., Ltd.	Director	Compeq Manufacturing Co., Ltd.	300,000,000
Director	Representative: P.K. Chiang	0	0.00%
Director	Representative: P.Y. Wu	0	0.00%
Director	Representative: Alan Lee	0	0.00%
COMPEQ Technology (Thailand) Co., Ltd.	Director	COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD.	300,000,000
Director	Representative: Alan Lee	0	0.00%

6.1.5 The overview of the operations of the affiliates

Unit: NT$ thousands, except EPS (NT$)

Related Parties	Capital	Assets	Liabilities	Net Worth	Revenues	Income (Loss) from Operation	Net Income (Loss)	EPS
COMPEQ MANUFACTURING CO., LTD.	11,918,206	70,782,245	22,919,575	47,862,670	37,611,700	3,251,755	6,566,868	5.51
HUATON HOLDINGS LTD.	7,571,047	34,292,604	213	34,292,391	0	(8,305)	3,931,297	0.53
COMPEQ MANUFACTURING (HUIZHOU) CO., LTD.	4,661,680	17,954,250	7,353,681	10,600,568	14,533,023	1,049,869	1,225,550	N/A
COMPEQ MANUFACTURING (SUZHOU) CO., LTD.	408,669	1,540,260	476,933	1,063,328	1,793,841	(182,734)	(125,724)	N/A
COMPEQ TECHNOLOGY (HUIZHOU) CO., LTD.	5,727,245	29,607,628	15,202,479	14,405,149	29,216,930	2,354,783	1,810,645	0.32
COMPEQ MANUFACTURING (CHONGQING) CO., LTD.	2,381,107	16,466,290	3,925,926	12,540,364	11,795,548	1,586,360	1,362,540	N/A
PELICAN COVE INVESTMENT LTD.	556,311	5,665,043	4,866,426	798,617	17,354,902	(22,601)	13,874	0.02
HUANEIN HOLDINGS LTD.	337,000	300,094	255	299,839	2,500	2,274	4,431	0.13
LITON HOLDINGS LTD.	3,143	1,061	33	1,028	0	(184)	(158)	(0.05)
HONG KONG COMPEQ HUIZHOU TRADING COMPANY LTD.	9,429	6,857,912	6,256,949	600,963	27,825,048	(9,846)	102,999	N/A
HONG KONG HUATON HOLDINGS TRADING COMPANY LIMITED	9,429	8,103	79	8,024	0	(103)	183	N/A
HUABO TECHNOLOGY (HUIZHOU) CO.,LTD.	1,295,860	1,452,963	54,591	1,398,372	196,918	20,057	15,067	N/A
COMPEQ (Thailand) Co., Ltd.	3,005,700	9,583,755	6,477,537	3,106,218	3,567,545	83,762	278,484	0.09
COMPEQ Technology (Thailand) Co., Ltd.	1,051,829	1,129,347	75,242	1,054,105	0	(557)	2,166	0.00

6.1.6 REPRESENTATION LETTER

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.

P. K. Chiang

Chairman

March 6, 2026

6.2 Private Placement Securities in the Most Recent year: None

6.3 Any Other Special Notes to be specify: None

Any events in 2025 and as of the date of this annual report that had significant impacts on shareholders’ right or security prices as stated in item 2 paragraph 3 of Article 36 of Securities and Exchange Law of Taiwan: None.

Financial Information

1 Five-Year Financial Summary

1.1 Condensed Balance Sheet

A. Condensed Balance Sheet (Consolidated)

Unit: NT$ thousands

| Year
Item | Financial Summary for The Last Five Years | | | | | |
| --- | --- | --- | --- | --- | --- | --- |
| | | 2021 | 2022 | 2023 | 2024 | 2025 |
| Current assets | | 37,184,729 | 42,388,296 | 42,111,795 | 46,234,211 | 50,935,396 |
| Property, Plant and Equipment | | 33,278,975 | 35,740,711 | 35,364,104 | 37,276,439 | 37,630,774 |
| Intangible assets | | 119,424 | 160,782 | 272,029 | 326,728 | 316,935 |
| Other assets | | 1,409,772 | 1,532,739 | 1,361,110 | 1,423,086 | 1,613,928 |
| Total assets | | 71,992,900 | 79,822,528 | 79,109,038 | 85,260,464 | 90,497,033 |
| Current liabilities | Before distribution | 20,886,672 | 22,772,697 | 24,035,164 | 27,850,668 | 30,575,905 |
| | After distribution | 23,031,949 | 25,990,613 | 25,822,895 | 30,711,037 | 33,913,003 |
| Non-current liabilities | | 18,739,800 | 18,332,943 | 15,821,305 | 12,940,672 | 12,058,458 |
| Total liabilities | Before distribution | 39,626,472 | 41,105,640 | 39,856,469 | 40,791,340 | 42,634,363 |
| | After distribution | 41,771,749 | 44,323,556 | 41,644,200 | 43,651,709 | 45,971,461 |
| Equity attributable to shareholders of the parent | | 32,366,428 | 38,716,888 | 39,252,569 | 44,469,124 | 47,862,670 |
| Capital stock | | 11,918,206 | 11,918,206 | 11,918,206 | 11,918,206 | 11,918,206 |
| Capital surplus | | 1,060,226 | 1,060,226 | 1,060,226 | 1,060,226 | 1,060,226 |
| Retained earnings | Before distribution | 19,739,392 | 25,693,999 | 26,614,354 | 30,456,881 | 34,157,929 |
| | After distribution | 17,594,115 | 22,476,083 | 24,826,623 | 27,596,512 | 30,820,831 |
| Other equity interest | | (351,396) | 44,457 | (340,217) | 1,033,811 | 726,309 |
| Treasury stock | | — | — | — | — | — |
| Non-controlling interest | | — | — | — | — | — |
| Total equity | Before distribution | 32,366,428 | 38,716,888 | 39,252,569 | 44,469,124 | 47,862,670 |
| | After distribution | 30,221,151 | 35,498,972 | 37,464,838 | 41,608,755 | 44,525,572 |

B. Condensed Balance Sheet (Unconsolidated)
Unit: NT$ thousands

| Year
Item | Financial Summary for The Last Five Years | | | | | |
| --- | --- | --- | --- | --- | --- | --- |
| | | 2021 | 2022 | 2023 | 2024 | 2025 |
| Current assets | | 18,160,991 | 21,195,730 | 19,737,554 | 24,503,749 | 24,230,227 |
| Property, Plant and Equipment | | 9,021,716 | 8,828,335 | 8,105,097 | 7,356,314 | 7,277,571 |
| Intangible assets | | 22,649 | 23,369 | 37,435 | 33,016 | 49,701 |
| Other assets | | 25,207,224 | 29,360,210 | 31,325,731 | 35,132,017 | 39,224,746 |
| Total assets | | 52,412,580 | 59,407,644 | 59,205,817 | 67,025,096 | 70,782,245 |
| Current liabilities | Before distribution | 10,309,862 | 11,932,620 | 11,322,595 | 13,140,721 | 13,275,917 |
| | After distribution | 12,455,139 | 15,150,536 | 13,110,326 | 16,001,090 | 16,613,015 |
| Non-current liabilities | | 9,736,290 | 8,758,136 | 8,630,653 | 9,415,251 | 9,643,658 |
| Total liabilities | Before distribution | 20,046,152 | 20,690,756 | 19,953,248 | 22,555,972 | 22,919,575 |
| | After distribution | 22,191,429 | 23,908,672 | 21,740,979 | 25,416,341 | 26,256,673 |
| Equity attributable to shareholders of the parent | | 32,366,428 | 38,716,888 | 39,252,659 | 44,469,124 | 47,862,670 |
| Capital stock | | 11,918,206 | 11,918,206 | 11,918,206 | 11,918,206 | 11,918,206 |
| Capital surplus | | 1,060,226 | 1,060,229 | 1,060,226 | 1,060,226 | 1,060,226 |
| Retained earnings | Before distribution | 19,739,392 | 25,693,999 | 26,614,354 | 30,456,881 | 34,157,929 |
| | After distribution | 17,594,115 | 22,476,083 | 24,826,623 | 27,596,512 | 30,820,831 |
| Other equity interest | | (351,396) | 44,457 | (340,217) | 1,033,811 | 726,309 |
| Treasury stock | | - | - | - | - | - |
| Non-controlling interest | | - | - | - | - | - |
| Total equity | Before distribution | 32,366,428 | 38,716,888 | 39,252,659 | 44,469,124 | 47,862,670 |
| | After distribution | 30,221,151 | 35,498,972 | 37,464,838 | 41,608,755 | 44,525,572 |

1.2 Condensed Statement of Comprehensive Income/Condensed Statement of Income
A. Condensed Statement of Comprehensive Income (Consolidated)

Item\Year	Financial Summary for The Last Five Years
	2021	2022	2023	2024	2025
Operating revenue	63,053,656	76,419,408	67,078,773	72,464,408	75,995,687
Gross profit	11,407,901	15,448,897	10,126,797	11,592,790	14,122,593
Income from operations	6,814,694	10,122,039	5,218,779	6,127,166	8,150,024
Non-operating income and expenses	(84,095)	14,185	53,621	942,637	(70,183)
Income before tax	6,730,599	10,136,224	5,272,400	7,069,803	8,079,841
Net Income from Continuing Operation	5,140,037	8,000,977	4,168,375	5,599,096	6,566,868
Net income (Loss)	5,140,037	8,000,977	4,168,375	5,599,096	6,566,868
Other comprehensive income (income after tax)	(132,449)	494,760	(414,778)	1,405,190	(312,953)
Total comprehensive income	5,007,588	8,495,737	3,753,597	7,004,286	6,253,915
Net income attributable to shareholders of the parent	5,140,037	8,000,977	4,168,375	5,599,096	6,566,868
Net income attributable to non-controlling interest	—	—	—	—	—
Comprehensive income attributable to Shareholders of the parent	5,007,588	8,495,737	3,753,597	7,004,286	6,253,915
Comprehensive income attributable to non-controlling interest	—	—	—	—	—
Earnings per share	4.31	6.71	3.50	4.70	5.51

B. Condensed Statement of Comprehensive Income (Unconsolidated)

| Year
Item | Financial Summary for The Last Five Years | | | | |
| --- | --- | --- | --- | --- | --- |
| | 2021 | 2022 | 2023 | 2024 | 2025 |
| Operating revenue | 33,218,112 | 41,005,039 | 33,848,845 | 37,713,623 | 37,611,700 |
| Gross profit | 5,640,576 | 7,479,127 | 5,896,160 | 6,652,609 | 5,723,511 |
| Income from operations | 3,802,735 | 5,260,252 | 4,053,486 | 4,600,480 | 3,251,755 |
| Non-operating income | 2,571,958 | 4,373,374 | 1,206,604 | 2,226,102 | 4,043,258 |
| Non-operating expenses | 6,374,693 | 9,633,626 | 5,260,090 | 6,826,582 | 7,295,013 |
| Net Income from Continuing Operation | 5,140,037 | 8,000,977 | 4,168,375 | 5,599,096 | 6,566,868 |
| Net income (Loss) | 5,140,037 | 8,000,977 | 4,168,375 | 5,599,096 | 6,566,868 |
| Other comprehensive income (income after tax) | (132,449) | 494,760 | (414,778) | 1,405,190 | (312,953) |
| Total comprehensive income | 5,007,588 | 8,495,737 | 3,753,597 | 7,004,286 | 6,253,915 |
| Earnings per share | 4.31 | 6.71 | 3.50 | 4.70 | 5.51 |

2 Five-Year Financial Analysis

2.1. Consolidated Financial Analysis –Consolidated

Year	Financial Analysis for the Last Five Years
		2021	2022	2023	2024	2025
Financial structure (%)	Debt Ratio	51.50	50.38	47.84	50.38	47.11
	Ratio of long-term capital to property, plant and equipment	153.57	159.62	155.73	154.01	159.23
Solvency (%)	Current ratio	178.03	186.14	175.21	166.01	166.59
	Quick ratio	130.83	139.97	139.56	134.2	126.46
	Interest earned ratio (times)	27.85	28.35	10.78	14.48	27.13
Operating performance	Accounts receivable turnover (times)	4.24	4.75	4.02	4.28	4.26
	Average collection period	86	77	91	85	86
	Inventory turnover (times)	6.03	6.33	6.30	7.38	6.19
	Accounts payable turnover (times)	4.62	5.24	4.47	4.19	3.73
	Average days in sales	60	58	58	49	59
	Property, plant and equipment turnover (times)	2.03	2.21	1.89	2.00	2.03
	Total assets turnover (times)	0.91	1.01	0.84	0.88	0.86
Profitability	Return on total assets (%)	7.73	11.01	5.82	7.27	7.76
	Return on stockholders' equity (%)	16.71	22.51	10.69	13.38	14.22
	Pre-tax income to paid-in capital (%)	56.47	85.05	44.24	59.32	67.79
	Profit ratio (%)	8.15	10.47	6.21	7.73	8.64
	Earnings per share (NT$)	4.31	6.71	3.50	4.70	5.51
Cash flow	Cash flow ratio (%)	42.97	60.05	43.48	34.88	36.92
	Cash flow adequacy ratio (%)	94.30	100.92	108.31	108.96	103.97
	Cash reinvestment ratio (%)	8.31	11.92	13.20	7.43	7.50
Leverage	Operating leverage	2.88	2.67	4.15	4.11	3.47
	Financial leverage	1.04	1.05	1.12	1.08	1.04

102

Note: Equations:

Capital Structure Analysis
(1) Debt Ratio = Total Liabilities / Total Assets
(2) Long-term Fund to Property, Plant and Equipment Ratio = (Shareholders’ Equity + Noncurrent Liabilities) / Net Property, Plant and Equipment
Liquidity Analysis
(1) Current Ratio = Current Assets / Current Liabilities
(2) Quick Ratio = (Current Assets - Inventories - Prepaid Expenses) / Current Liabilities
(3) Times Interest Earned = Earnings before Interest and Taxes / Interest Expenses
Operating Performance Analysis
(1) Average Collection Turnover = Net Sales / Average Trade Receivables
(2) Days Sales Outstanding = 365 / Average Collection Turnover
(3) Average Inventory Turnover = Cost of Sales / Average Inventory
(4) Average Inventory Turnover Days = 365 / Average Inventory Turnover
(5) Average Payment Turnover = Cost of Sales / Average Trade Payables
(6) Property, Plant and Equipment Turnover = Net Sales / Average Net Property, Plant and Equipment
(7) Total Assets Turnover = Net Sales / Average Total Assets
Profitability Analysis
(1) Return on Total Assets = (Net Income + Interest Expenses * (1 - Effective Tax Rate)) / Average Total Assets
(2) Return on Equity Attributable to Shareholders of the Parent = Net Income Attributable to Shareholders of the Parent / Average Equity Attributable to Shareholders of the Parent
(3) Operating Income to Paid-in Capital Ratio = Operating Income / Paid-in Capital
(4) Pre-tax Income to Paid-in Capital Ratio = Income before Tax / Paid-in Capital
(5) Net Margin = Net Income / Net Sales
(6) Earnings Per Share = (Net Income Attributable to Shareholders of the Parent - Preferred Stock Dividend) / Weighted Average Number of Shares Outstanding
Cash Flow
(1) Cash Flow Ratio = Net Cash Provided by Operating Activities / Current Liabilities
(2) Cash Flow Adequacy Ratio = Five-year Sum of Cash from Operations / Five-year Sum of Capital Expenditures, Inventory Additions, and Cash Dividend
(3) Cash Flow Reinvestment Ratio = (Cash Provided by Operating Activities - Cash Dividends) / (Gross Property, Plant and Equipment + Long-term Investments + Other Noncurrent Assets + Working Capital)
Leverage
(1) Operating Leverage = (Net Sales - Variable Cost) / Income from Operations
(2) Financial Leverage = Income from Operations / (Income from Operations - Interest Expenses)

103

2.2. Consolidated Financial Analysis –Unconsolidated

Year	Financial Analysis for the Last Five Years
		2021	2022	2023	2024	2025
Financial structure (%)	Debt Ratio	38.25	34.83	33.70	33.65	32.38
	Ratio of long-term capital to property, plant and equipment	466.68	537.76	590.78	732.49	790.19
Solvency (%)	Current ratio	176.15	177.63	174.32	186.47	182.51
	Quick ratio	145.02	151.17	151.57	166.86	155.78
	Interest earned ratio (times)	66.61	115.89	65.41	66.63	65.83
Operating performance	Accounts receivable turnover (times)	4.30	5.13	4.26	4.82	4.54
	Average collection period	85.	71	86	76	80
	Inventory turnover (times)	9.89	10.79	10.05	12.43	10.76
	Accounts payable turnover (times)	4.95	5.33	4.23	4.33	4.13
	Average days in sales	37	34	36	29	34
	Property, plant and equipment turnover (times)	3.71	4.59	4.00	4.88	5.14
	Total assets turnover (times)	0.66	0.73	0.57	0.60	0.55
Profitability	Return on total assets (%)	10.36	14.44	7.14	9.00	9.66
	Return on stockholders' equity (%)	16.71	22.51	10.69	13.38	14.22
	Pre-tax income to paid-in capital (%)	53.49	80.83	44.13	57.28	61.21
	Profit ratio (%)	15.47	19.51	12.31	14.85	17.46
	Earnings per share (NT$)	4.31	6.71	3.50	4.70	5.51
Cash flow	Cash flow ratio (%)	42.60	57.52	51.84	37.73	27.77
	Cash flow adequacy ratio (%)	89.89	106.88	124.52	136.05	132.13
	Cash reinvestment ratio (%)	4.47	7.30	4.00	4.33	1.07
Leverage	Operating leverage	2.21	1.72	1.66	2.28	1.40
	Financial leverage	1.03	1.02	1.02	1.02	1.04

104

COMPEQ MANUFACTURING CO., LTD.

No.91, Ln. 814, Daxin Rd., Shin-juang Vil.
Luzhu Dist., Taoyuan City 33843, Taiwan, R.O.C.
P.O.BOX : 9-22 Taoyuan R.O.C.
TEL : 886-3-323-1111
FAX : 886-3-323-5566, 886-3-323-5577
https://www.compeq.com.tw

AI assistant

COMPEQ — Annual Report 2025

52002_rns_2026-05-29_1eca76d0-721c-4b88-bcb4-7a50ef6abde3.pdf

2025 ANNUAL REPORT

Contents

II. Corporate Governance Report

III. Capital Overview

IV. Operational Highlights

I. Letter to Our Shareholders

Dear Shareholders:

1.1 2025 Operating Report

1.1.1 Operating Report

II. Corporate Governance Report

2.1 Information of Directors and Management Team

2.1.1 Information of Directors

b. The specific diversification policy goals of the company's board of directors

c. Implementation of Diversity Policy

2.1.2 Information on the Management Team

2.2.2 Remuneration of Management Team

2.3.3 Chief corporate governance officer

2.3.3.2 2025 Result of the work:

2.3.3.3 Continuing education of Chief corporate governance officer in 2025

2.3.3.4 Corporate Governance Implementation Status and Deviations from "the Corporate Governance Best-Practice Principles for TWSE Listed Companies"

2.3.4 Status of Remuneration Committee

TUVNORD

OPINION

OPINION

Appendix to Opinion No. GHG-252267052

ISO 14064-1 : 2018

Notes and responsibilities

Level of Assurance

Scope

Confidentiality

Avoidance of Conflict of Interest

Verifiers Group

OPINION

OPINION

Roles and responsibilities

Level of Assurance

Scope

Confidentiality

Avoidance of Conflict of Interest

Verifiers Group

OPINION

OPINION

Roles and responsibilities

Level of Assurance

Scope

Confidentiality

Avoidance of Conflict of Interest

Verifiers Group

TUVNORD

OPINION

OPINION

Roles and responsibilities

Level of Assurance

Scope

Confidentiality

Avoidance of Conflict of Interest

Verifiers Group

TUVNORD

OPINION

OPINION

Roles and responsibilities

Level of Assurance

Scope

温室气体核查声明

华通电脑(惠州)有限公司

ISO 14064-1:2018

角色和责任

保证等级

适用范围

目标

准则

重要性

核查方法

核查意见结论

温室气体核查声明

华通精密线路板(惠州)股份有限公司

ISO 14064-1:2018

COMPEQ Annual Report 2025