Stock Code: 2208

CSBC CORPORATION, TAIWAN

Handbook for the 2026 Annual Meeting of Shareholders

MEETING TIME: JUNE 25, 2026

THIS IS A TRANSLATION OF THE HANDBOOK FOR THE 2026 ANNUAL SHAREHOLDERS' MEETING (THE "HANDBOOK") OF CSBC CORPORATION, TAIWAN. (THE "COMPANY"). THIS TRANSLATION IS INTENDED FOR REFERENCE ONLY AND NOTHING ELSE, THE COMPANY HEREBY DISCLAIMS ANY AND ALL LIABILITIES WHATSOEVER FOR THE TRANSLATION. THE CHINESE TEXT OF THE HANDBOOK SHALL GOVERN ANY AND ALL MATTERS RELATED TO THE INTERPRETATION OF THE SUBJECT MATTER STATED HEREIN

Meeting Procedure...3
Meeting Agenda...4
Management Presentations...5
Proposals...10
Discussion...12
Elections...13
Questions and Motions...14

ANNEX

Annex 1:2025 Business Report...15
Annex 2:Audit Committee's Review report...18
Annex 3:2025 Financial Statements and consolidated Financial Statements...19
Annex 4:Directors' compensation report of 2025 Implementation and Planning" report...44
Annex 5: Report of 2026 Strategic Action Plan report...50
Annex 6:The implementation of CSBC's sound business plan in 2025 and the achievement of major capital expenditures and long-term equity investment projects Report...61
Annex 7:Deficit Compensation Statement 2025...67
Annex 8:"Rules of procedure for shareholders' meetings" Comparison of Articles Before and After Amendments...68
Annex 9:List of candidates for the 19th independent director...72

Appendix

Appendix 1:Rules of Shareholders' Meeting...73
Appendix 2:Articles of Incorporation...88
Appendix 3:Regulations for the Election of Directors...100
Appendix 4:The Impact of Stock Dividend Issuance on Business Performance, EPS, and Shareholder Return Rate...103
Appendix 5:Shareholding of Directors...104
Appendix 6:Other explanations...105

CSBC CORPORATION,TAIWAN

Procedure for the 2026 Annual Meeting of Shareholders

Call the Meeting to Order

Chairperson Remarks

Management Presentation (Company Reports)

Proposals

Discussion

Elections

Questions and Motions

Adjournment

CSBC CORPORATION, TAIWAN

Year 2026

Agenda of Annual Meeting of Shareholders

Time: 10:00 a.m. on Wednesday, June 25, 2026

Place: The Auditorium in CSBC, TAIWAN
(No.3, Jhonggang Road, Siaogang District, Kaohsiung, Taiwan, R.O.C)

Meeting method: Physical meeting

Call the Meeting to Order.

Chairperson Remarks

Management Presentations
1. 2025 Annual Business Report.
2. 2025 Annual Final Report of Audit Committee.
3. 2025 Annual Remuneration Distribution Report of Employees and Directors.
4. The Company's 2025 directors' compensation report.
5. Report the accumulated losses of CSBC Corporation, Taiwan reach one-half of paid-in capital.
6. The "2026 Sustainable Development Responsibility Strategic Action Plan" report.
7. A report on the implementation of CSBC's sound business plan in 2025 and the achievement of major capital expenditures and long-term equity investment projects.

Proposals
1. Ratification of 2025 business report and financial statements.
2. Ratification of the Proposal for 2025 Deficit Compensation..

Discussion
1. Amendment to the "Rules of procedure for shareholders' meetings".

Elections
Elections: By-election of Independent Director for 19th.

Questions and Motions

Adjournment

Management Presentations

Report No. 1

2025 Annual Business Report

Explanation:
The 2025 Annual Business Report is attached as pages 15 to 17, Annex 1.

Report No. 2

2025 Annual Final Report of Audit Committee

Explanation:
The 2025 Annual Final Report of Audit Committee is attached as page 18, Annex 2.

Report No. 3

2025 Annual Remuneration Distribution Report of Employees and Directors.

Explanation:
The pre-tax loss of the Company for 2025 is NT2,259,937,344.59. As there is no pre-tax profit (the profit before deducting the employee remuneration and directors’ remuneration), the employee bonus and directors’ remuneration for 2025 will not be distributed in accordance with the provisions of Article 35 of the Articles of Association of the Company.

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Report No. 4

The Company's 2025 directors' compensation report.

Explanation:

Remuneration policy: according to article 35 of the company's articles of incorporation as amended in accordance with article 235-1 of the Company Act, "if the company has earnings for the year, not less than 1% and not more than 5% of the earnings shall be allocated as employee compensation, which may be distributed in the form of shares or cash; up to 1% may be allocated as directors' remuneration. However, if the company still has accumulated losses, an amount sufficient to cover the losses shall be retained in advance. The term 'earnings for the year' refers to pre-tax profit before deducting employee compensation and directors' remuneration." Directors' and employees' remuneration is calculated based on the proportion of pre-tax profit before deducting employees' and directors' remuneration. Due to the operating loss in 2025, no directors' remuneration (variable remuneration) will be distributed in accordance with the articles. The variable remuneration is directly linked to directors' performance evaluation (profit and loss) and helps mitigate future risks.
The directors' remuneration is also in accordance with the "Directors and independent directors remuneration guidelines of CSBC Corporation Taiwan". In 2025, remuneration paid to general directors and independent directors is detailed as pages 44 to 49, annex 4. The monthly salary for directors (fixed income) is shown in the table below:

Category	Monthly salary
Director	NT$10,400
Independent directors	NT$60,000

Report No. 5

Report the accumulated losses of CSBC Corporation, Taiwan reach one-half of paid-in capital.

Explanation:

As of 2025, the company’s accumulated loss amounts to NT$8,804,382,134, which exceeds half of the paid-in capital of NT$12,745,394,490. in accordance with article 211 of the Company Act, this must be reported at the most recent shareholders’ meeting.
The reasons for accumulated losses exceeding one-half of the paid-in capital and the improvement measures are described as follows:

A. As of the end of 2023, the Company’s accumulated losses had exceeded one-half of the paid-in capital. In order to optimize the financial structure, the Company therefore conducted a cash capital increase in the same year. The proposal was reported to the shareholders’ meeting and submitted by letter to the competent authority. The capital increase was successfully completed in the first quarter of 2024.

B. The loss in 2025 was mainly due to the appreciation of the New Taiwan dollar against the U.S. dollar, recognition of onerous contracts, increased warranty expenses for completed vessels, and the unfavorable progress of naval vessel construction projects in the first half of the year, which resulted in higher production costs. As a result, the Company recorded an operating loss for the year.

C. The Company will focus on the core products, actively pursue business opportunities related to commercial vessels and government vessels, and enter the emerging unmanned vessel market. Meanwhile, the Company will strictly control operating costs, promote internal transformation, and implement measures to reduce production costs. Also, the Company will incorporate the new annual performance evaluation mechanism and align it with the objectives of the operating plan, so as to strengthen monitoring and assessment measures, enhance execution capabilities, and achieve the goal of returning to profitability for the year.

The item has been approved by the 7th meeting of the 19th board of directors and will be submitted to the most recent shareholders’ meeting for reporting.

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Report No. 6

The "2026 Sustainable Development Responsibility Strategic Action Plan" report.

Explanation:

Handled in accordance with article 5, chapter 1 of the practical guidelines for sustainable development of listed companies and article 5, chapter 1 of the company’s own sustainable development practical guidelines.
For a summary of the implementation status of the 2025 action plan, please refer to annex 5 on pages 50 to 55, and for the 2026 strategic action plan formulated with reference to the company’s IFRS implementation plan, please refer to annex 5 on pages 56 to 60.

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Report No. 7

A report on the implementation of CSBC's sound business plan in 2025 and the achievement of major capital expenditures and long-term equity investment projects.

Explanation:

A report on the implementation of CSBC's sound business plan in 2025 and the achievement of major capital expenditures and long-term equity investment projects, please see the attachment for details as pages 61 to 66, annex 6.
This case has been approved by the 8th meeting of the 19th board of directors, and submitted to the report of the shareholders meeting.

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Proposals

Proposed by the Board

Proposal:
Ratification of 2025 business report and financial statements

Explanation:
CSBC CORPORATION, TAIWAN’s Business Report and Financial Statements have been duly audited by the PRICEWATERHOUSECOOPERS Taiwan (RwC Taiwan) and have been examined by the audit committees. (Please refer to pages 15 to 17, annex 1 and pages 19 to 43, annex 3 of the Handbook)

Resolution:

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Proposed by the Board

Proposal:
Ratification of the Proposal for 2025 Deficit Compensation.

Explanation:
1. The initial balance of accumulated deficit of the Company is NT$6,701,951,400, plus other comprehensive income of 2025 NT$ 157,512,727 and minus the net loss of 2025 NT$ 2,259,943,461, the accumulated deficit is NT$ 8,804,382,134.
2. Because of the accumulated deficit NT$8,804,382,134. It’s proposed not to distribute dividends.
3. Please approve the proposal of 2025 Deficit Compensation, Deficit Compensation Statement refer to page 67, annex 7.

Resolution:

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Discussion

Proposed by the Board

1. Proposal:

Amendment to the "Rules of procedure for shareholders' meetings".

Explanation:

In accordance with the announcement made by the Taiwan Stock Exchange Corporation on March 5, 2026: In line with Article 6 of the "Regulations Governing the Recording and Compliance of Procedures for Shareholders' Meetings of Publicly Offered Companies" and with reference to international scrutineer systems, the Company's "Rules of Procedure for Shareholders' Meetings" have been amended. Please refer to page 68 to 71, annex 8 for the comparison table of the revised provisions

Resolution:

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Elections

Proposed by the Board

Proposal:

Elections: By-election of Independent Director for 19th.

Explanation:

The Company’s 19th Board of Directors was elected on June 25, 2025. On August 18, 2025, Mr. CHEN JENG-HORNG resigned as an independent director and succeeded Mr. HUANG, CHENG-HUNG as a director. The number of independent directors in the 19th Board of Directors was less than one-third, so one independent director should be elected.
The candidate nomination system is adopted in election of the 19th term of the board of directors. Please refer to pages. 72, annex 9 “The independent directors nominated candidates list”

Resolution:

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Questions and Motions

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ANNEX

Annex 1

CSBC Corporation Taiwan 2025 Business Report

Overview of the global shipbuilding industry in 2025

In retrospect of the global shipbuilding market condition in 2025, compared with 2024, it was relatively sluggish in the first half of 2025, with a decrease in shipbuilding orders. However, starting in the second half of 2025, the market rebounded rapidly, exceeding expectations, as new shipbuilding orders for container ships, bulk carriers, oil tankers, and LNG carriers surged.

According to statistics from Clarkson Research, the new shipbuilding orders reaches 2,493 vessels worldwide in 2025, with a total deadweight tonnage of approximately 153.95 million tons, representing declines of 37.8% and 22.7% respectively compared with 2024. This suggests that the shipbuilding market is shifting into a period of adjustment after several years of robust growth.

Concerning orders in hand, as of January 9, 2026, global shipyards held a total of 6,489 vessels on order, totaling approximately 173.91 million compensated gross tons (CGT). China holds 4,482 vessels, representing approximately 64% of the market share, maintaining continuing its leading position globally. Furthermore, in terms of new shipbuilding deliveries, a total of 3,210 new ships were delivered globally in 2025, representing an 8.84% increase in total deadweight tonnage compared with 2024, indicating that actual shipbuilding capacity remains at a high level.

Overall, the global shipbuilding market is gradually entering a new phase of industrial restructuring driven by a combination of factors, including order recovery, price differentiation, and high production capacity. Nevertheless, China, South Korea, and Japan continue to account for 90% of global commercial vessel orders, with China alone holding over 60% of the market share. This indicates that the shipbuilding market remains monopolized and is unlikely to change in the short term.

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2. Business status in 2025

(1) Consolidated financial analysis

Unit: NTD Thousand

Item	2024	2025	Comparison with 2024 (%)
Operating income	14,494,347	21,780,245	50.27%
Operating gross profit (loss)	-3,057,298	-2,211,700	27.66%
Operating profit (loss)	-3,718,337	-2,960,815	20.37%
Net profit (loss) before tax	-2,783,209	-2,255,141	18.97%
Net profit (loss) for the current period	-2,793,739	-2,272,569	18.65%

The table above shows CSBC's consolidated operating income in 2025 is NT$21.780 billion, operating gross loss is NT$2.212 billion, and net loss for the current period is NT$2.272 billion. The loss will be reduced by NT$0.521 billion compared with 2024.

The main reason for the loss in 2025 was the appreciation of the New Taiwan Dollar against the US Dollar, increased warranty costs, and increased production costs due to the slow progress of shipbuilding in the first half of the year. These factors resulted in an annual operating loss, with exchange rate fluctuations contributing approximately NT$674 million. CSBC proactively adopted strategies and implemented measures for improvement. Since the second half of 2025, it has achieved profitability for two consecutive quarters, and the overall loss has decreased compared with 2024, indicating that the improvements have yielded results.

(2) Overview of outstanding orders

I. Business orders in hand

As of December 31, 2025, there are 16 commercial vessels and 16 warships and government ships on order. Delivery is scheduled for September 2031 at Kaohsiung plant and October 2031 at Keelung plant. The current orders for machinery include 26 petrochemical storage tanks and a truck loading and unloading plant for CPC Corporation, In addition, there is a business responsible for upgrading and refitting warships.

II. Fulfilled Orders

CSBC completed and delivered a total of 4 ships in 2025. Two vessels were delivered at Kaohsiung plant, i.e. one is the educational training ship and the other is 4,000-ton coast guard ship along with a warship's

upgraded performance. Keelung plant delivered 1 ship (one 1,000-ton coast guard ship).

3. Summary of business outlook for 2026

Following a rapid recovery, the global shipbuilding market has recently entered a period of adjustment. Yet, shipping companies still have a demand for building new, energy-efficient, and environmentally friendly ships, and the shipbuilding market is expected to sustain growth.

Regarding national defense and security, the Ministry of National Defense, R.O.C. has publicly announced its plans to purchase various types of weapons, including over 200,000 drones and over 1,000 unmanned surface vessels. Moreover, the Coast Guard Administration has completed the "Maritime Rights Protection Coast Guard Vessel Construction Plan," which has been approved by the Executive Yuan, R.O.C.. The overall plan is expected to be completed in 2033 and will continue to build 2,000-ton coast guard ships, 300-ton and 100-ton patrol boats. CSBC will actively pursue related business opportunities to build a long-term and stable shipbuilding business.

In summary, CSBC has undertaken operational strategies and focusing primarily on shipbuilding (including submarines) while also developing its offshore and onshore heavy machinery engineering capabilities. Besides, CSBC currently has an order book with delivery extending through 2031, ensuring ample business in the near to medium term. Significantly, CSBC's independently developed unmanned surface vessel, the "Endeavor Manta USV", demonstrating its superior performance in 2025, which will reinforce competitiveness in the sector of USV. Last but not least, Taiwan's first domestically built submarine, the "SS-711" has entered the testing phase and is scheduled to be delivered in 2026.

CSBC has been continuously refining its business strategy and direction and its operating revenue and gains are gradually to emerge. It has a promising future ahead.

Chairman: Chen, Jeng-Horng

President: Tsai, Kun-Tsung

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Annex 2

Audit Committee's Review report

This proposal is the presentation by the Board of Directors of the Company's 2025 Business Report, Financial Statements, and the Deficit Compensation Proposal. Of these items, the Financial Statements have been audited by external auditors of PricewaterhouseCoopers(PwC) Taiwan, and an opinion and report have been issued on the Financial Statements. The aforementioned proposal regarding Business Report, Financial Statements, and the Deficit Compensation Proposal have been reviewed and determined to be correct and accurate by the Audit Committee. Per the regulations in Article 14-4 of Securities and Exchange Act and Article 219 of the Company Act, we hereby submit this report.

To:

2026 General Shareholders' Meeting of CSBC Corporation.

CSBC CORPORATION, TAIWAN
Audit Committee Convenor: CHEN, LI-HSUI
March 9, 2026

Annex 3

INDEPENDENT AUDITORS’ REPORT TRANSLATED FROM CHINESE

PWCR25000610

To the Board of Directors and Shareholders of CSBC CORPORATION, TAIWAN

Opinion

We have audited the accompanying parent company only balance sheets of CSBC CORPORATION, TAIWAN (the “Company”) as at December 31, 2025 and 2024, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the parent company only financial statements, including a summary of material accounting policies.

In our opinion, the accompanying parent company only financial statements present fairly, in all material respects, the parent company only financial position of the Company as at December 31, 2025 and 2024, and its parent company only financial performance and its parent company only cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Basis for opinion

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

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Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Company’s 2025 parent company only financial statements. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matters for the Company’s 2025 parent company only financial statements are stated as follows:

Accounting estimates and assumptions for total cost of construction contracts

Description

Please refer to Note 4(31) for a description of the accounting policy on construction contracts. Please refer to Note 5 for critical accounting estimates and assumptions for total cost of construction contracts.

The Company is engaged in the business of designing and building of various ships and cruisers. Assumptions for estimated construction cost include cost for equipment, material, labor and etc. Data used for assumptions involves subjective judgement and accounting estimates and are highly uncertain. As a result, assumptions used are material to the total construction cost and further affects the calculation of construction profit.

As the data used for assumptions involves subjective judgement and accounting estimates are highly uncertain, this may affect the completeness and relevant assertions. Considering that the estimated total cost of construction contracts is material to the financial statements, therefore, we assessed that these accounting estimates and assumptions as one of the key audit matters for this year.

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How our audit addressed the matter

The scope of our audit responded to the risk as follows:

Assessing the effectiveness of CSBC Company’s internal control regarding the estimation process of total cost of construction contract. This includes:

(1) Whether the data used by management for estimates and assumptions is complete, relevant and accurate.

(2) Whether accounting estimates and assumptions have been reviewed and approved by proper management level.

(3) Whether the segregation of duties is appropriate.

Obtaining the Estimate at Completion Reports, selecting sample reports and verifying the accuracy, completeness and relevance of the data that was used for assumptions and estimations. Checking whether the use of estimates and assumptions in the Estimate at Completion Reports are appropriate.
Comparing cost at completion for the same or similar ships and then assessing the reasonableness of the Estimate at Completion Report.

Responsibilities of management and those charged with governance for the parent company only financial statements

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

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

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

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

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

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

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

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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the parent company only financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the parent company only financial statements, including the disclosures, and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.

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

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

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

Wang, Chun-Kai
Wu, Chien-Chih
For and on behalf of PricewaterhouseCoopers, Taiwan
March 9, 2026

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

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

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CSBC CORPORATION, TAIWAN
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

Assets	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current assets
1100 Cash and cash equivalents	6(1)	$ 1,655,191	3	$ 3,295,186	10
1140 Current contract assets	6(21)(26) and 7	7,591,619	17	2,704,414	8
1170 Accounts receivable, net	6(2)(21)	1,272,243	3	564,472	2
1180 Accounts receivable - related parties	6(2)(21) and 7	18,572	-	107,737	-
1200 Other receivables		6,238	-	10,393	-
130X Inventories	6(3)(21)	4,413,156	10	4,616,563	14
1410 Prepayments	6(4) and 7	10,483,475	23	2,292,926	7
1479 Other current assets, others		15,395	-	12,296	-
11XX Current Assets		25,455,889	56	13,603,987	41
Non-current assets
1550 Investments accounted for under	6(6)
equity method		2,365,840	5	1,271,896	4
1600 Property, plant and equipment	6(7) and 7	13,368,518	30	13,247,964	40
1755 Right-of-use assets	6(8)	1,671,901	4	2,671,721	8
1760 Investment property - net	6(9)(10)	209,520	1	210,200	1
1780 Intangible assets	6(11)	31,388	-	37,256	-
1840 Deferred income tax assets	6(32)	1,398,380	3	1,437,757	5
1920 Guarantee deposits paid		61,446	-	75,808	-
1975 Net defined benefit asset, non-current	6(12)	576,975	1	410,868	1
15XX Non-current assets		19,683,968	44	19,363,470	59
1XXX Total assets		$ 45,139,857	100	$ 32,967,457	100

(Continued)

(Expressed in thousands of New Taiwan dollars)

CSBC CORPORATION, TAIWAN
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024

	Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
			AMOUNT	%	AMOUNT	%
Current liabilities
2100	Short-term borrowings	6(13)	$ 8,421,555	19	$ 3,467,791	11
2110	Short-term notes and bills payable	6(14)	3,296,520	7	1,099,553	3
2120	Financial liabilities at fair value	6(15)
	through profit or loss - current		150,392	1	2,496	-
2130	Current contract liabilities	6(21)(26) and 7	4,630,919	10	3,277,806	10
2170	Accounts payable	6(21)	1,743,611	4	2,004,014	6
2180	Accounts payable - related parties	6(21) and 7	30,550	-	4,827	-
2200	Other payables	6(16) and 7	1,008,116	2	907,922	3
2250	Provisions for liabilities - current	6(17)(21)	2,854,251	6	1,756,879	5
2280	Current lease liabilities	6(8)	199,840	1	313,802	1
2310	Advance receipts		38,516	-	33,612	-
2320	Long-term liabilities, current portion	6(18)(19)	72,000	-	1,765,984	5
21XX	Current Liabilities		22,446,270	50	14,634,686	44
Non-current liabilities
2500	Non-current financial liabilities at fair value through profit or loss	6(15)	31,441	-	-	-
2527	Non-current contract liabilities	6(21)(26) and 7	4,026,888	9	-	-
2540	Long-term borrowings	6(19)	7,125,984	16	4,097,793	12
2570	Deferred income tax liabilities	6(32)	1,324,697	3	1,324,697	4
2580	Non-current lease liabilities	6(8)	1,566,466	3	2,484,991	8
2610	Long-term notes and accounts payable	6(20)	701,088	1	688,219	2
2630	Long-term deferred revenue	6(20)	68,653	-	105,729	-
2645	Guarantee deposits received	7	383,714	1	329,152	1
2650	Credit balance of investments accounted for using equity method	6(6)	280,492	1	198,429	1
2670	Other non-current liabilities, others		2,561	-	3,735	-
25XX	Non-current liabilities		15,511,984	34	9,232,745	28
2XXX	Total Liabilities		37,958,254	84	23,867,431	72
Equity
	Share capital	6(18)(22) and 7
3110	Share capital - common stock		12,745,394	28	12,745,394	39
	Capital surplus
3200	Capital surplus	6(18)(22)(23)	-	-	2,757,040	8
	Retained earnings	6(24)
3320	Special reserve		3,166,471	7	3,166,471	10
3350	Accumulated deficit		( 8,804,381 )	( 19 )	( 9,458,991 )	( 29 )
	Other equity interest	6(6)(25)
3400	Other equity interest		74,119	-	( 109,888 )	-
3XXX	Total equity		7,181,603	16	9,100,026	28
	Significant contingent liabilities and unrecognised contract commitments	7 and 9
3X2X	Total liabilities and equity		$ 45,139,857	100	$ 32,967,457	100

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

11.11.1

CSBC CORPORATION, TAIWAN

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars, except losses per share amount)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
4000	Sales revenue	6(26) and 7	$ 21,772,661	100	$ 14,429,504	100
5000	Operating costs	6(3)(11)(30)(31) and 7	( 24,154,070)	( 111)	( 17,559,469)	( 122)
5900	Net operating margin		( 2,381,409)	( 11)	( 3,129,965)	( 22)
	Operating expenses	6(30)(31)
6100	Selling expenses		( 64,348)	-	( 61,044)	-
6200	General and administrative expenses		( 290,988)	( 1)	( 289,725)	( 2)
6300	Research and development expenses		( 131,406)	( 1)	( 115,487)	( 1)
6450	Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	12(2)
			( 32,931)	-	( 5,000)	-
6000	Total operating expenses		( 519,673)	( 2)	( 471,256)	( 3)
6900	Operating loss		( 2,901,082)	( 13)	( 3,601,221)	( 25)
	Non-operating income and expenses
7100	Interest income	7	70,468	-	78,497	1
7010	Other income	6(9)(20)(27)	175,834	1	133,023	1
7020	Other gains and losses	6(28)	( 264,522)	( 1)	74,676	-
7050	Finance costs	6(7)(8)(20)(29)	( 169,050)	( 1)	( 193,008)	( 1)
7070	Share of profit of associates and joint ventures accounted for using equity method, net	6(6)
			828,415	4	728,122	5
7000	Total non-operating income and expenses		641,145	3	821,310	6
7900	Loss before income tax		( 2,259,937)	( 10)	( 2,779,911)	( 19)
7950	Income tax benefit (expense)	6(32)	( 6)	-	61	-
8200	Loss for the year		( $ 2,259,943)	( 10)	( $ 2,779,850)	( 19)
	Other comprehensive income
	Components of other comprehensive income that will not be reclassified to profit or loss
8311	Gains (losses) on remeasurements of defined benefit plans	6(12)	$ 196,890	1	$ 225,987	1
8349	Income tax related to components of other comprehensive income that will not be reclassified to profit or loss	6(32)
			( 39,377)	( 1)	( 45,198)	-
8310	Components of other comprehensive income that will not be reclassified to profit or loss		157,513	-	180,789	1
	Components of other comprehensive income that will be reclassified to profit or loss
8380	Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will be reclassified to profit or loss	6(6)
			184,007	1	12,733	-
8300	Other comprehensive income for the year		$ 341,520	1	$ 193,522	1
8500	Total comprehensive loss for the year		( $ 1,918,423)	( 9)	( $ 2,586,328)	( 18)
	Basic losses per share	6(33)
9750	Basic losses per share		( $ 1.77)	( $ 2.20)

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

CSBC CORPORATION, TAIWAN
PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Notes	Share capital		Capital surplus, additional paid-in capital	Retained Earnings		Other equity interest	Total equity
		Common stock	Advance receipts for share capital		Special reserve	Accumulated deficit
Year 2024
Balance at January 2024		$ 9,335,146	$ 892,011	$ 277,474	$ 3,166,471	($ 6,859,930)	($ 122,621)	$ 6,688,551
Loss for the year		-	-	-	-	( 2,779,850 )	-	( 2,779,850 )
Other comprehensive income	6(6)(25)	-	-	-	-	180,789	12,733	193,522
Total comprehensive (loss) income		-	-	-	-	( 2,599,061 )	12,733	( 2,586,328 )
Cash capital increase	6(22)(23)	3,410,248	( 892,011 )	2,479,566	-	-	-	4,997,803
Balance at December 31, 2024		$ 12,745,394	$ -	$ 2,757,040	$ 3,166,471	($ 9,458,991)	($ 109,888)	$ 9,100,026
Year 2025
Balance at January 2025		$ 12,745,394	$ -	$ 2,757,040	$ 3,166,471	($ 9,458,991)	($ 109,888)	$ 9,100,026
Loss for the year		-	-	-	-	( 2,259,943 )	-	( 2,259,943 )
Other comprehensive income	6(6)(25)	-	-	-	-	157,513	184,007	341,520
Total comprehensive (loss) income		-	-	-	-	( 2,102,430 )	184,007	( 1,918,423 )
Capital surplus used to offset accumulated deficits	6(23)(24)	-	-	( 2,757,040 )	-	2,757,040	-	-
Balance at December 31, 2025		$ 12,745,394	$ -	$ -	$ 3,166,471	($ 8,804,381)	$ 74,119	$ 7,181,603

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

~29

CSBC CORPORATION, TAIWAN

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before tax		($ 2,259,937)	($ 2,779,911)
Adjustments
Adjustments to reconcile profit (loss)
Expected credit loss (gain)	12(2)	32,931	5,000
Depreciation of property, plant and equipment	6(7)(30)	764,124	716,880
Depreciation of right-of-use assets	6(8)(30)	225,848	246,585
Depreciation of investment property	6(10)	680	680
Amortization	6(11)(30)	24,288	22,613
Share of loss (profit) of investments accounted for using equity method	6(6)
Interest income		( 828,415)	( 728,122)
Government grant income	6(27)(29)(34)	( 70,468)	( 78,497)
Loss (gain) on financial assets and liabilities at fair value through profit or loss	6(28)	12,869	12,634
Loss on disposal of property, plant and equipment	6(28)	192,564	1,942
Interest expense	6(29)	1,634	3,083
Interest expense	6(29)	169,050	193,008
Changes in operating assets
Changes in operating assets
Financial assets at fair value through profit or loss - current		-	( 330)
Current contract assets		( 4,920,717)	( 400,845)
Accounts receivable		( 707,190)	243,458
Accounts receivable - related parties		89,165	523,639
Other receivables		( 27)	89,136
Inventories		203,407	1,060,530
Prepayments		( 8,190,549)	877,834
Other current assets - other		( 7,424)	( 5,997)
Net defined benefit asset-non-current		30,783	( 15,222)
Changes in operating liabilities
Financial assets at fair value through profit or loss		( 13,227)	-
Current liabilities		5,380,001	( 2,896,498)
Accounts payable		( 260,403)	( 101,815)
Accounts payable - related parties		25,723	( 36,136)
Other payables		49,969	( 174,352)
Provisions - current		1,097,372	827,648
Receipts in advance		( 19,303)	( 64,199)
Cash outflow generated from operations		( 9,002,990)	( 2,482,522)
Interest received		74,650	78,175
Dividends received		541	632
Interest paid		( 143,375)	( 172,242)
Income tax refunded		4,319	1,916
Net cash flows used in operating activities		( 9,066,855)	( 2,574,041)

(Continued)

CSBC CORPORATION, TAIWAN

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
CASH FLOWS FROM INVESTING ACTIVITIES
Decrease in current financial assets at amortised cost		$ -	$ 10,794
Acquisition of property, plant and equipment	6(34)	( 847,403 )	( 458,155 )
Proceeds from disposal of property, plant and equipment		-	159
Acquisition of intangible assets	6(11)	( 18,420 )	( 33,732 )
Increase in refundable deposits		( 23,996 )	( 131,796 )
Decrease in refundable deposits		38,358	129,022
Net cash flows used in investing activities		( 851,461 )	( 483,708 )
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in short-term loans	6(35)	4,953,764	51,521
(Decrease) increase in short-term notes and bills payable	6(35)	2,200,000	( 2,880,000 )
Repayments of bonds	6(35)	( 1,768,300 )	-
Proceeds from long-term debt	6(35)	5,197,984	-
Repayments of long-term debt	6(35)	( 2,100,000 )	( 2,700,000 )
Repayments of principal portion of lease liabilities	6(35)	( 258,515 )	( 223,784 )
Increase in guarantee deposit received	6(35)	220,919	188,200
Decrease in guarantee deposit received	6(35)	( 166,357 )	( 108,795 )
Decrease in other non-current liabilities	6(35)	( 1,174 )	( 1,119 )
Proceeds from issuing shares	6(22)	-	4,997,803
Net cash flows from (used in) financing activities		8,278,321	( 676,174 )
Net decrease in cash and cash equivalents		( 1,639,995 )	( 3,733,923 )
Cash and cash equivalents at beginning of year	6(1)	3,295,186	7,029,109
Cash and cash equivalents at end of year	6(1)	$ 1,655,191	$ 3,295,186

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

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE
PWCR25000609

To the Board of Directors and Shareholders of CSBC CORPORATION, TAIWAN

Opinion

We have audited the accompanying consolidated balance sheets of CSBC CORPORATION, TAIWAN and its subsidiaries (the “Group”) as at December 31, 2025 and 2024, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission.

Basis for opinion

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

~31~

Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Group’s 2025 consolidated financial statements. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matters for the Group’s 2025 consolidated financial statements are stated as follows:

Accounting estimates and assumptions for total cost of construction contracts

Description

Please refer to Note 4(32) for a description of the accounting policy on construction contracts. Please refer to Note 5 for critical accounting estimates and assumptions for total cost of construction contracts.

The Group is engaged in the business of designing and building of various ships and cruisers. Assumptions for estimated construction cost include cost for equipment, material, labor and etc. Data used for assumptions involves subjective judgement and accounting estimates and are highly uncertain. As a result, assumptions used are material to the total construction cost and further affects the calculation of construction profit.

~23~

How our audit addressed the matter

The scope of our audit responded to the risk as follows:

Assessing the effectiveness of CSBC Group’s internal control regarding the estimation process of total cost of construction contract. This includes:

(1) Whether the data used by management for estimates and assumptions is complete, relevant and accurate.

(2) Whether accounting estimates and assumptions have been reviewed and approved by proper management level.

(3) Whether the segregation of duties is appropriate.

Obtaining the Estimate at Completion Reports, selecting sample reports and verifying the accuracy, completeness and relevance of the data that was used for assumptions and estimations. Checking whether the use of estimates and assumptions in the Estimate at Completion Reports are appropriate.
Comparing cost at completion for the same or similar ships and then assessing the reasonableness of the Estimate at Completion Report.

Other matter – Parent company only financial reports

We have audited and expressed an unqualified opinion on the parent company only financial statements of CSBC CORPORATION TAIWAN, as at and for the years ended December 31, 2025 and 2024.

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

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

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

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

Auditors’ responsibilities for the audit of the consolidated financial statements

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

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

Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

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

Wang, Chun-Kai
Wu, Chien-Chih
For and on behalf of PricewaterhouseCoopers, Taiwan
March 9, 2025

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

~36~

~37~

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Assets	Notes	December 31, 2025		December 31, 2024
			AMOUNT	%	AMOUNT	%
Current assets
1100	Cash and cash equivalents	6(1)	$ 1,909,943	4	$ 3,624,339	11
1136	Current financial assets at amortised cost	6(2) and 8	961	-	309	-
1140	Current contract assets	6(22)(27) and 7	7,913,215	17	3,219,659	9
1170	Accounts receivable, net	6(3)(22)	1,272,358	3	565,795	2
1180	Accounts receivable due from related parties	6(3)(22) and 7	18,522	-	107,737	-
1200	Other receivables		7,076	-	10,527	-
130X	Inventories	6(4)(22) and 8	5,288,463	11	4,851,269	14
1410	Prepayments	6(5) and 7	10,570,276	23	2,397,293	7
1479	Other current assets, others		18,669	-	16,793	-
11XX	Current Assets		26,999,483	58	14,793,721	43
Non-current assets
1535	Non-current financial assets at amortised cost	6(2) and 8	-	-	957	-
1550	Investments accounted for under equity method	6(7)	2,066,784	5	1,021,939	3
1600	Property, plant and equipment	6(8)	13,378,179	29	13,244,795	39
1755	Right-of-use assets	6(9)	1,671,901	4	2,671,721	8
1760	Investment property - net	6(10)(11)	209,520	-	210,200	1
1780	Intangible assets	6(12)	48,139	-	55,549	-
1840	Deferred income tax assets	6(33)	1,402,340	3	1,442,328	4
1920	Guarantee deposits paid		64,204	-	165,180	1
1975	Net defined benefit asset, non-current	6(13)	576,975	1	410,868	1
15XX	Non-current assets		19,418,042	42	19,223,537	57
1XXX	Total assets		$ 46,417,525	100	$ 34,017,258	100

(Continued)

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
			AMOUNT	%	AMOUNT	%
Current liabilities
2100	Short-term borrowings	6(14)	$ 8,626,555	19	$ 3,717,791	11
2110	Short-term notes and bills payable	6(15)	3,739,109	8	1,454,434	4
2120	Current financial liabilities at fair value through profit or loss	6(16)	150,392	-	2,496	-
2130	Current contract liabilities	6(22)(27) and 7	4,633,835	10	3,284,491	10
2150	Notes payable	6(22)	9	-	-	-
2170	Accounts payable	6(22)	2,003,649	4	2,318,576	7
2200	Other payables	6(17) and 7	1,085,145	2	959,115	3
2230	Current income tax liabilities		7,215	-	3,328	-
2250	Provisions for liabilities - current	6(18)(22)	2,871,136	6	1,773,767	5
2280	Current lease liabilities	6(9)	199,840	1	313,802	1
2310	Advance receipts		38,516	-	33,612	-
2320	Long-term liabilities, current portion	6(19)(20)	338,586	1	1,769,984	5
21XX	Current Liabilities		23,693,987	51	15,631,396	46
Non-current liabilities
2500	Non-current financial liabilities at fair value through profit or loss	6(16)	31,441	-	-	-
2527	Non-current contract liabilities	6(22)(27)	4,026,888	9	-	-
2540	Long-term borrowings	6(20)	7,399,184	16	4,317,384	13
2570	Deferred income tax liabilities	6(33)	1,324,738	3	1,325,030	4
2580	Non-current lease liabilities	6(9)	1,566,466	3	2,484,991	7
2610	Long-term notes and accounts payable	6(21)	701,088	2	688,219	2
2630	Long-term deferred revenue	6(21)	68,653	-	105,729	-
2645	Guarantee deposits received		464,069	1	391,275	1
2670	Other non-current liabilities, others		2,561	-	3,735	-
25XX	Non-current liabilities		15,585,088	34	9,316,363	27
2XXX	Total Liabilities		39,279,075	85	24,947,759	73
Equity attributable to owners of parent
Share capital
3110	Share capital - common stock	6(19)(23) and 7	12,745,394	27	12,745,394	38
Capital surplus
3200	Capital surplus	6(19)(23)(24)	-	-	2,757,040	8
Retained earnings
3320	Special reserve		3,166,471	7	3,166,471	9
3350	Accumulated deficit		(8,804,381)	(19)	(9,458,991)	(28)
Other equity interest
3400	Other equity interest		74,119	-	(109,888)	-
31XX	Equity attributable to owners of the parent		7,181,603	15	9,100,026	27
36XX	Non-controlling interests		(43,153)	-	(30,527)	-
3XXX	Total equity		7,138,450	15	9,069,499	27
Significant contingent liabilities and unrecognised contract commitments
3X2X	Total liabilities and equity		$ 46,417,525	100	$ 34,017,258	100

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

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars, except for loss per share amount)

Items	Notes	Year ended December 31
		2025		2024
		AMOUNT	%	AMOUNT	%
4000	Sales revenue	6(27) and 7	$ 21,780,245	100	$ 14,494,347	100
5000	Operating costs	6(4)(12)(31)(32)
		and 7	( 23,991,945)	( 110)	( 17,551,645)	( 121)
5900	Net operating margin		( 2,211,700)	( 10)	( 3,057,298)	( 21)
	Operating expenses	6(12)(31)(32)
6100	Selling expenses		( 68,202)	-	( 67,649)	( 1)
6200	General and administrative expenses		( 332,041)	( 2)	( 318,197)	( 2)
6300	Research and development expenses		( 317,901)	( 2)	( 269,287)	( 2)
6450	Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	12(2)
			( 30,971)	-	( 5,906)	-
6000	Total operating expenses		( 749,115)	( 4)	( 661,039)	( 5)
6900	Operating profit		( 2,960,815)	( 14)	( 3,718,337)	( 26)
	Non-operating income and expenses
7100	Interest income		73,113	-	81,052	1
7010	Other income	6(10)(21)(28)	228,467	1	185,972	1
7020	Other gains and losses	6(29)	( 269,262)	( 1)	75,682	1
7050	Finance costs	6(9)(21)(30)	( 188,023)	( 1)	( 205,531)	( 1)
7060	Share of loss of associates and joint ventures accounted for under equity method	6(7)
			861,379	4	797,953	5
7000	Total non-operating revenue and expenses		705,674	3	935,128	7
7900	Loss before income tax		( 2,255,141)	( 11)	( 2,783,209)	( 19)
7950	Income tax expense	6(33)	( 17,428)	-	( 10,530)	-
8200	Loss for the year		( $ 2,272,569)	( 11)	( $ 2,793,739)	( 19)

(Continued)

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars, except for loss per share amount)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
	Other comprehensive income
	Components of other comprehensive income that will not be reclassified to profit or loss
8311	Actuarial gain on defined benefit plan	6(13)	$ 196,890	1	$ 225,987	1
8349	Income tax related to components of other comprehensive income that will not be reclassified to profit or loss	6(33)	( 39,377)	-	( 45,198)	-
8310	Components of other comprehensive income that will not be reclassified to profit or loss		157,513	1	180,789	1
	Components of other comprehensive income that will be reclassified to profit or loss
8370	Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will be reclassified to profit or loss	6(7)(26)	184,007	1	12,733	-
8300	Other comprehensive income for the year		$ 341,520	2	$ 193,522	1
8500	Total comprehensive loss for the year		($ 1,931,049)	( 9)	($ 2,600,217)	( 18)
	Loss, attributable to:
8610	Owners of parent		($ 2,259,943)	( 11)	($ 2,779,850)	( 19)
8620	Non-controlling interest		( 12,626)	-	( 13,889)	-
	Total		($ 2,272,569)	( 11)	($ 2,793,739)	( 19)
	Comprehensive loss attributable to:
8710	Owners of the parent		($ 1,918,423)	( 9)	($ 2,586,328)	( 18)
8720	Non-controlling interest		( 12,626)	-	( 13,889)	-
	Total		($ 1,931,049)	( 9)	($ 2,600,217)	( 18)
	Basic loss per share	6(34)
9750	Total basic loss per share		($	1.77)	($	2.20)

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

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Notes	Equity attributable to owners of the parent						Non-controlling interests	Total equity
		Share capital		Capital surplus, additional paid-in capital	Retained earnings		Other equity interest
		Share capital - common stock	Advance receipts for share capital		Special reserve	Unappropriated retained earnings
Year 2024
Balance at January 1, 2024		$ 9,335,146	$ 892,011	$ 277,474	$ 3,166,471	($ 6,859,930)	($ 122,621)	$ 6,688,551	($ 16,638)
Loss for the year		-	-	-	-	( 2,779,850 )	-	( 2,779,850 )	( 13,889 )
Other comprehensive income	6(7)(26)	-	-	-	-	180,789	12,733	193,522	-
Total comprehensive (loss) income		-	-	-	-	( 2,599,061 )	12,733	( 2,586,328 )	( 13,889 )
Cash capital increase	6(23)(24) and 7	3,410,248	( 892,011 )	2,479,566	-	-	-	4,997,803	-
Balance at December 31, 2024		$ 12,745,394	$ -	$ 2,757,040	$ 3,166,471	($ 9,458,991)	($ 109,888)	$ 9,100,026	($ 30,527)
Year 2025
Balance at January 1, 2025		$ 12,745,394	$ -	$ 2,757,040	$ 3,166,471	($ 9,458,991)	($ 109,888)	$ 9,100,026	($ 30,527)
Loss for the year		-	-	-	-	( 2,259,943 )	-	( 2,259,943 )	( 12,626 )
Other comprehensive income	6(7)(26)	-	-	-	-	157,513	184,007	341,520	-
Total comprehensive (loss) income		-	-	-	-	( 2,102,430 )	184,007	( 1,918,423 )	( 12,626 )
Capital surplus used to offset accumulated deficits	6(24)(25)	-	-	( 2,757,040 )	-	2,757,040	-	-	-
Balance at December 31, 2025		$ 12,745,394	$ -	$ -	$ 3,166,471	($ 8,804,381)	$ 74,119	$ 7,181,603	($ 43,153)

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

~42~

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before tax		($ 2,255,141)	($ 2,783,209)
Adjustments
Adjustments to reconcile profit (loss)
Expected credit loss (gain)	12(2)	30,971	5,906
Property, plant and equipment transferred and depreciation	6(8)(31)
Depreciation expense on right-of-use assets	6(9)(31)	751,489	709,456
Depreciation expense from investment properties	6(11)	225,848	246,585
Amortization expense	6(12)(31)	680	680
Share of loss (profit) of investments accounted for using equity method	6(7)	27,385	25,524
Interest income		( 861,379)	( 797,953)
Government grant revenue	6(28)(30)(35)	( 73,113)	( 81,052)
Loss on financial assets and liabilities at fair value through profit or loss	6(29)	12,869	12,634
Loss on disposal of property, plant and equipment	6(29)	192,564	1,942
Interest expense	6(30)	3,770	3,261
Changes in operating assets and liabilities		188,023	205,531
Changes in operating assets
Contract assets		( 4,725,714)	( 590,416)
Accounts receivable		( 705,376)	253,808
Accounts receivable - related parties		89,215	523,633
Other receivable		( 741)	92,324
Inventories		( 357,194)	977,422
Prepayments		( 8,172,983)	777,722
Other current assets - other		( 16,070)	( 8,557)
Net defined benefit asset		30,783	( 15,222)
Changes in operating liabilities
Financial assets at fair value through profit or loss		( 13,227)	-
Contract liabilities		5,376,232	( 2,899,630)
Notes payable		9	15
Accounts payable		( 314,927)	10,683
Other payable		75,222	( 148,561)
Provisions for liabilities - current		1,097,369	828,129
Advance receipts		( 19,303)	( 64,200)
Cash outflow generated from operations		( 9,438,477)	( 2,738,843)
Interest received		77,305	80,707
Dividends received		541	632
Interest paid		( 162,058)	( 184,871)
Income tax refunded (paid)		972	( 18,512)
Net cash flows used in operating activities		( 9,521,717)	( 2,860,887)

(Continued)

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
CASH FLOWS FROM INVESTING ACTIVITIES
Decrease in financial assets at amortised cost		$ 305	$ 11,866
Acquisition of property, plant and equipment	6(35)	( 850,728 )	( 518,445 )
Proceeds from disposal of property, plant and equipment		995	115
Acquisition of intangible assets	6(12)	( 19,975 )	( 36,879 )
Increase in refundable deposits		( 20,249 )	( 153,547 )
Decrease in refundable deposits		41,225	168,953
Net cash flows used in investing activities		( 848,427 )	( 527,937 )
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in short-term borrowings	6(36)	4,908,764	131,521
Increase (decrease) in short-term notes and bills payable	6(36)	2,288,000	( 2,685,000 )
Repayments of bonds	6(36)	( 1,768,300 )	-
Proceeds from long-term borrowings	6(36)	5,518,179	79,200
Repayments of long-term borrowings	6(36)	( 2,104,000 )	( 2,701,600 )
Payments of lease liabilities	6(36)	( 258,515 )	( 223,784 )
Increase in guarantee deposits received	6(36)	249,621	220,945
Decrease in guarantee deposits received	6(36)	( 176,827 )	( 121,553 )
Decrease in other non-current liabilities	6(36)	( 1,174 )	( 1,119 )
Cash capital increase	6(23)	-	4,997,803
Net cash flows from (used in) financing activities		8,655,748	( 303,587 )
Net decrease in cash and cash equivalents		( 1,714,396 )	( 3,692,411 )
Cash and cash equivalents at beginning of year	6(1)	3,624,339	7,316,750
Cash and cash equivalents at end of year	6(1)	$ 1,909,943	$ 3,624,339

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

Annex 4

Remuneration of the directors and independence directors in 2025
(Disclosure of individual names and remuneration arrangements)
Date: Feb.03, 2025; Unit: NT$ thousand

Job title	Name	Remuneration of directors	Sum of A+B+C+D and ratio to net income (Note10)	Remuneration received by directors for concurrent service as an employee	Sum of A+B+C+D+E+F+G and ratio to net income (Note 10)	Remuneration received from investee enterprises other than subsidiaries or from the parent company (Note 11)
Base remuneration (A) (Note 2)	Retirement pay and pension (B)	Director profit sharing remuneration (C) (Note 3)	Expenses and perquisites (D) (Note 4)	Salary, rewards, and special disbursements (E) (Note5)	Retirement pay and pension (F)	employee profit-sharing remuneration (G) (Note 6) (Actual amount in 2023)
The company	All consolidated entities (Note 7)	The company	All consolidated entities (Note 7)	The company	All consolidated entities (Note 7)	The company
Amount in cash	Amount in stock	Amount in cash	Amount in stock
Chair man	Ministry of Economic Affairs Representative: CHEN, CHENG-HUNG	967	982	0	0	0
Chair man	Ministry of Economic Affairs Representative: HUANG, CHENG-HUNG(Dismissal of corporate director on August 27, 2025)	2,174	2,237	0	0	0

~44~

Direc tor	Ministry of Economic Affairs Representative: LAI,CHIENHSI N(Reassignment of corporate directors on March 24, 2025)	0	0	0.000%	0.000%	0	0	0.000%	0.000%	None
Direc tor	Ministry of Economic Affairs Representative: HO,CHINT-SANG (Dismissal of corporate director on March 24, 2025)	29	29	-0.001%	-0.001%	0	0	-0.001%	-0.001%	None
Direc tor	Ministry of Economic Affairs Representative: JHANG,YI-DE	0	0	0.000%	0.000%	1,179	1,179	-0.052%	-0.052%	None
Direc tor	Ministry of Economic Affairs Representative: LI,GuO-JI(Term expires on June 25, 2025)	0	0	0.000%	0.000%	842	842	-0.037%	-0.037%	None
Direc tor	Ministry of National Development Fund, Executive Yuan Representative: WU,WEN-KUEI	125	125	-0.006%	-0.006%	0	0	-0.006%	-0.006%	None

Direc tor	Ministry of National Development Fund, Executive Yuan Representative: LIN, CHIH-LUNG(Term expires on June 25, 2025)	61	61	-0.003%	-0.003%	-0.003%	-0.003%	None
Direc tor	Ministry of National Development Fund, Executive Yuan Representative: WANG, CHAU-CHANG	125	125	-0.006%	-0.006%	-0.006%	-0.006%	None
Direc tor	Ministry of National Development Fund, Executive Yuan Representative: MAO, ZHEN-TAI	125	125	-0.006%	-0.006%	-0.006%	-0.006%	None
Direc tor	Ministry of Yao-Hwa Co., Ltd Management Commission Representative: LU,WEN-TSAN(Term expires on June 25, 2025)	61	61	-0.003%	-0.003%	-0.003%	-0.003%	None
Direc tor	Ministry of National Defense Industrial Development Fundation:YAN G JI-RONG(Term expires on June 25, 2025)	115	115	-0.005%	-0.005%	-0.005%	-0.005%	None

Direc tor	CPC Corporation, Taiwan Representative YIN LING-YING(Term expires on June 25, 2025)	61	61	-0.003%	-0.003%	0	0	-0.003%	-0.003%	None
Independen t Direc tor	Ministry of Kaohsiung City Representative of Industrial Labor Union of CSBC: LEE,CHIH-CHUNG(Term expires on June 25, 2025)	61	61	-0.003%	-0.003%	498	498	-0.025	-0.025%	None
Independen t Direc tor	LIN, HUI-JENG(Term expires on June 25, 2025)	350	350	-0.015%	-0.015%	0	0	-0.015%	-0.015%	None
Independen t Direc tor	LIEU, DER-MING(Term expires on June 25, 2025)	350	350	-0.015%	-0.015%	0	0	-0.015%	-0.015%	None
Independen t Direc tor	CHEN, CHIH-YANG(Term expires on June 25, 2025)	350	350	-0.015%	-0.015%	0	0	-0.015%	-0.015%	None
Independen t Direc tor	SONG MENG-YANG(Newly appointed on June 25, 2025)	372	372	-0.016%	-0.016%	0	0	-0.016%	-0.016%	None
Independen t Direc tor	CHEN LI-HSUI(Newly appointed on June 25, 2025)	372	372	-0.016%	-0.016%	0	0	-0.016%	-0.016%	None
Independen t Direc tor	CHIOU WEN-TSONG(Newly appointed on June 25, 2025)	372	372	-0.016%	-0.016%	0	0	-0.016%	-0.016%	None

Independen t Direc tor	CHEN, CHENG-HUNG(Resigne d on 2025.8.27)	125	125	0	0	0	0	0	-0.006%	-0.006%	0	0	0	0	0	0	-0.006%	-0.006%	None
Remark		1. Please describe the policy, system, standards and structure in place for paying remuneration to directors and describe the relationship of factors such as the duties and risks undertaken and time invested by the directors to the amount of remuneration paid: The Company has established the “Remuneration guidelines for directors and independent directors of CSBS Corporation Taiwan,” which stipulate a monthly remuneration of NT$60,000 for independent directors. Independent directors are not entitled to additional directors’ remuneration. Independent directors concurrently serve as members of both the audit committee and the remuneration committee. The remuneration policy for independent directors is aligned with their responsibilities, associated risks, and the time and effort they dedicate to their roles.2. In addition to what is disclosed in the above table, please specify the amount of remuneration received by directors in the most recent fiscal year for providing services (e.g., for serving as a non-employee consultant to the parent company /any consolidated entities / invested enterprises): No

Note 1 : The names of the directors should be listed individually (for corporate shareholders, both the name of the corporate shareholder and the representative should be listed separately). All types of remuneration should be disclosed in aggregate amounts, with separate disclosure for general directors and independent directors. If a director concurrently serves as general manager or deputy general manager, information must also be provided in this table and in Item 2.
Note 2 : Refers to the directors' remuneration for the most recent fiscal year (including salary, position allowances, severance pay, various bonuses, incentives, etc.)
Note 3 : Refers to the amount of directors' remuneration approved by the board of directors for distribution in the most recent fiscal year.
Note 4 : Refers to directors' related expenses and perquisites for the most recent fiscal year (including transportation allowances, special allowances, various subsidies, accommodation, company-provided vehicles, and other in-kind benefits). If housing, vehicles, or other personal-use items are provided, the nature and cost of the assets, as well as the actual or fair market rental value, fuel expenses, and other payments must be disclosed. If a driver is assigned, please provide a note explaining the compensation paid to the driver by the company, though this should not be included in the director's remuneration.
Note 5 : Refers to the remuneration received in the most recent fiscal year by directors concurrently serving as employees (including those also serving as general manager, deputy general manager, other managers, and employees), including salary, position allowances, severance pay, various bonuses, incentives, transportation allowances, special allowances, various subsidies, accommodation, company-provided vehicles, and other in-kind benefits. If housing, vehicles, or other personal-use items are provided, the nature and cost of the assets, as well as the actual or fair market rental value, fuel expenses, and other payments must be disclosed. If a driver is assigned, a note must be provided explaining the compensation paid by the company to the driver, which should not be included in the director's remuneration. In addition, any remuneration recognized under IFRS 2 "Share-based Payment" including employee stock options, restricted stock awards, or shares subscribed through employee participation in capital increases which must also be included in the remuneration.
Note 6 : Refers to employee compensation (including stock and cash) received in the most recent fiscal year by directors concurrently serving as employees (including those also serving as general manager, deputy general manager, other managers, and employees). The amount of employee compensation approved by the board of directors in the most recent fiscal year must be disclosed. If the amount cannot be estimated, the proposed distribution for the current year should be calculated based on the actual distribution ratio from the previous year. The relevant information must also be filled out under Item 4 below.
Note 7 : The total amount of all types of remuneration paid to the company's directors by all entities included in the consolidated financial statements (including the company) must be disclosed.
Note 8 : The total remuneration paid by the company to each director shall be disclosed by listing the director's name under the corresponding remuneration range.

Note 9: The total remuneration paid by all entities included in the consolidated financial statements (including the company) to each of the company's directors must be disclosed by listing the director's name under the corresponding remuneration range.

Note 10: Net profit after tax refers to the net profit after tax in the most recent fiscal year as reported in the individual financial statements.

Note 11: a. This column must clearly state the amount of remuneration received by the company's directors from re-invested business other than subsidiaries or from the parent company. (If none, please indicate "None.")

b. If any of the company's directors have received remuneration from re-invested business other than subsidiaries or from the parent company, such remuneration must be included in Column I of the remuneration range table, and the column header must be revised to "or all re-invested business of the parent company."

c. Remuneration refers to any compensation received by the company's directors for serving as directors, supervisors, or managers in re-invested business other than subsidiaries or in the parent company. This includes director, supervisor, and employee remuneration, as well as business expenses and other related compensations.

The remuneration disclosed in this table differs from the concept of income under the Income Tax Act. The purpose of this table is solely for information disclosure, not for taxation purposes.

~49~

Annex 5

CSBC Corporation Taiwan ~ 2025 Sustainability Development Action Plan Sustainability Development Promotion Group

Organizer: Department of Planning

Topic	Executing unit	Quantitative target	Action plan	Implementation and tracking status
			Content
Operational and financial performance	Dept. of Planning	Implement the operational plan	Incorporate key items from the operational plan into the performance evaluation of each department based on their respective responsibilities.	To reflect actual operational conditions, key items from the operational plan have been included as performance indicators based on job scopes. A discussion meeting was held on 7/3 to adjust the scoring methodology.
Vision and sustainability strategy	Dept. of Planning	Adjust sustainability policies based on current operations and enhance sustainability knowledge	1. Discuss adjustment directions for carbon reduction plans with the Dept. of Environmental Protection and Public Utilities.
2. Revise the "Sustainability Committee Organizational Guidelines" and "Sustainability Development Policy" in response to executive changes and regulatory updates.
3. Arrange sustainability lectures to enhance internal personnel knowledge.	1. Completed revisions of the "Sustainability Development Policy" and "Sustainability Committee Organizational Guidelines" on 3/8 and 3/10, respectively, and announced them internally.
2. Held 11 educational training sessions from 6/16 to 8/18 for the IFRS implementation project.
Corporate governance	Dept. of Planning	Strengthen corporate governance outcomes	Improve the company's ranking in the 2025 Corporate Governance Evaluation.	Referred to the 2024 evaluation results (score: 80.53) and 2025 evaluation indicators to list 11 actionable improvement items for 2025. As of the end of September, 7 items have been completed.
Information security	Dept. of Information Technology	Reduce information security risks	Conduct internal information security training.	Held the 2025 information security courses from 7/26 to 8/29. A total of 2,437 participants have fully completed the training.
Innovation management	Dept. of Planning	Enhance the effectiveness of R&D investment	• Short term: through daily R&D management, review operational procedures, identify areas for improvement, and establish standard operating documents and reference databases.
• Long term: Utilize the performance data of launched R&D projects as a reference for future production line automation. Continue to invest in ship automation and smart factory digitalization to optimize the shipbuilding process.	1. Strengthen the support and promotion of R&D project applications, aiming for results in the 2026 applications.
2. Expect to complete the establishment of R&D capabilities in 2025. Partially completed the R&D historical data cabinet and built a query database with approx. 1,390 records. Accumulated approx. 3,000 records in the internal shared folder.

~51~

CSBC Corporation Taiwan ~ Sustainable Development

2025 Strategic Action Plan

Environmental Occupation Promotion Group

Organizer: Department of Environmental Protection and Public Utilities

Topic	Executing unit	Quantitative target	Action plan
Content
Green Performance of R&D Ships	Dept. of Design	1. R&D green new ship concept design (1 type)	1. Complete Approval in Principle (AIP) for LNG and Ammonia ship concept designs for H1219.
2. Five energy-saving projects :
(1) H1198: Apply energy-saving measures (Sword Bow & Rudder Bulb). Expect 80% progress.
(2) H1204: Apply Sword Bow. Expect 60% progress.
(3) H1205: Apply Sword Bow. Expect 60% progress.
(4) H1219s: Apply Sword Bow, Energy-Saving Ducted Fins, Energy-Saving Rudder, and High-Efficiency Propeller. Expect 60% progress.
(5) H1401s: Apply Sword Bow, Duct, Ducted Fins, Energy-Saving Rudder, and High-Efficiency Propeller. Expect 30% progress.
3. In coordination with dept. of sales, provided shipowners with technical consultation, product promotion, and marketing advice for shipowners (including business trips, video conferences, or on-site visits) at least 3 times	1. Completed AIP for H1219 LNG and Ammonia ship concept designs; currently under classification society review.
2. Five energy-saving projects :
(1) H1198 (80% progress): Launched, sea trials pending.
(2) H1204 (60% progress): Completed testing & structure design, currently under construction.
(3) H1205 (60% progress): Completed testing & structure design, currently under construction.
(4) H1219s (60% progress): Applied additional Hub Vortex Absorbing Fins. Completed testing & structure design, under construction.
(5) H1401s (30% progress): Most energy-saving devices completed testing and design.
3. Dept. of Sales visited shipowners during holidays and shared recent design market updates
Etherne & Energy Saving
Department of Environmental Protection and Public Utilities	1. Complete the material digital management system.
2. By utilizing the digital material management system to control and reduce resource waste from slow-moving and obsolete stock, we expect to decrease associated material costs by NT$300,000 this year.	1. Establish an Electronic Material Storage System: Survey storage conditions in all warehouses; assign new storage codes, and develop a company-wide electronic storage system.
2. System expected to be completed in Q2. Establishing true storage locations to strengthen inventory management. Expect to create over 200 storage records this year to reduce obsolete/scrap material costs upon ship delivery.
Dept. of Information Technology & Dept. of Environmental Protection and Public Utilities	Use air compressor monitoring systems to save 240,000 kWh/year (reducing approx. 120,000 kg CO2e/year).	Launch air compressor monitoring systems in 4 compressor rooms to allow duty personnel to monitor status in real-time and shorten operation response time.
Energy saving and carbon reduction	Dept. of Environmental Protection and Public Utilities	Maintain solar system efficiency to achieve a 3% PR (Performance Ratio) improvement after cleaning, maximizing green energy generation.
*Note: The PR value (Performance Ratio) is a	1. Plan solar system O&M operations. Reduce dirt and dust through module cleaning to improve generation efficiency.
2. Calculate and evaluate PR values before and after cleaning.	Performed solar module cleaning on 3/6. PR improved from 78.28 to 86.94, achieving a 3% efficiency improvement.

Topic	Executing unit	Quantitative target	Action plan
		parameter used to evaluate the efficiency of a solar power system.
	Dept. of Environmental Protection and Public Utilities	Replace high-energy consumption equipment to reduce total electricity usage by approx. 100,000 kWh/year (reducing approx. 50,000 kg CO_{2}e/year) by the end of 2025.	1. Replace traditional ballasts with LED lighting (expect 50% lighting energy savings).
2. Improve chiller inverter logic and smart control systems (expect 15% energy savings).
3. Replace air compressor dehumidifiers (expect 15% energy savings).	• Kaohsiung factory :
Replaced admin building lights with LEDs and adjusted chiller parameters. Saved approx. 49,000 kWh/year (reducing 24,500 kg CO_{2}e).
• Keelung factory :
Replaced admin building lights with LEDs. Saved approx. 26,000 kWh/year (reducing 13,000 kg CO_{2}e).
GHG inventory	Dept. of Environmental Protection and Public Utilities & Dept. of Planning & All Depts	Complete 2024 Scope 1 & 2 GHG inventory and assurance operations for CSBC and subsidiaries by the end of 2025.	1. Contract with external verification bodies.
2. Collect GHG data and supporting evidence.
3. Produce internal inventory reports.
4. Pass document review and site verification to obtain assurance statements.	• CSBC (parent) :
Completed Kaohsiung and Keelung plant assurance by MIRDC on 9/19 and 6/25.
Total Scope 1 & 2 emissions: 28,153.535 tons CO_{2}e.
• CSBC subsidiaries :
First-year execution. Reports compiled. CSBC Coating Solutions.co completed assurance via AFNOR. CSBC Power Technology Co. expects MIRDC assurance by year-end.
GHG inventory	Dept. of Environmental Protection and Public Utilities & All Depts	Complete the implementation of Scope 3 GHG inventory by the end of 2025.	• Contract with external consulting firms.
• Appoint department representatives for training and data collection methodology.
• Conduct trial inventory for Scope 3 emissions.	Commissioned Environmental Science Technology Consultants Corp. to implement Scope 3. As of September, completed kickoff meeting, training, boundary setting, and draft reports. MIRDC will conduct external assurance. Expect to obtain the first Scope 3 assurance statement by the end of 2025.

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CSBC Corporation Taiwan ~ Sustainable Development

2025 Strategic Action Plan

Financial Occupation Promotion Group

Organizer: Department of Finance and Accounting

Topic	Executing unit	Quantitative target	Action plan	Implementation and tracking status
			Content
Financial impact assessment	Dept. of Finance and Accounting & All Depts	Assess the financial impact and materiality of each atction plan	Discuss with respective task forces to identify the financial impact (cash flow and financial position) and materiality of proposed plans. Prepare evaluation working papers if necessary.	Proposed materiality thresholds during the 7/22 meeting. Assisted in providing financial information for items resolved to be disclosed by the Sustainability Task Force.
Consolidated expenditure for IFRS sustainability disclosure standards	Dept. of Finance and Accounting & All Depts	Regularly compile the expenditure of action plans executed by each task force.	Align with Sustainability Task Force meeting schedules to request execution status and expenditure amounts from each unit, and present them during meetings.	Provided the financial impact figures for executing action plans to each task force within the schedule per the IFRS implementation process.

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CSBC Corporation Taiwan ~ Sustainable Development

2025 Strategic Action Plan

Risk Management Occupation Promotion Group

Organizer: Legal Affairs Office

Topic	Executing unit	Quantitative target	Action plan
			Content
Risk management	Legal Affairs office	Integrate internal risk management organizations.	1. Risk Management Committee agrees to merge into the Sustainability Development Committee.
2. Complete the revision of Risk and Opportunity Management Procedures.	1. Merger approved by Risk Management Committee in 2024.
2. Revisions to the Risk and Opportunity Management Procedures completed and effective on March 10, 2025.

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CSBC Corporation Taiwan ~ Sustainable Development

2025 Strategic Action Plan

Social Occupation Promotion Group

Organizer: Department of Human Resources and Administration

Topic	Executing unit	Quantitative target	Action plan	Implementation and tracking status
			Content
Talent cultivation and development	Dept. of Human Resources and Administration	Conduct critical knowledge transfer courses, build a training system, and retain key professional experience to assist career development.	Conduct key knowledge and experience transfer courses for current and future new employees. Expect to hold 10 course sessions in 2025.	As of October 2, 2025, conducted 8 courses (12 sessions). Total participants: 345. Total training hours: 1,393 hours.
	Dept. of Human Resources and Administration	Expand diverse industry-academia collaborations, establish stable recruitment channels, and build sustainable talent pipelines.	Collaborate with vocational and higher education institutions to enhance brand image and stimulate student interest in shipbuilding. Expect to establish partnerships with at least 3 schools.	As of October 2025, established partnerships with National Defense University (NDU), TSG CT, and NPUST. Recruited 5 trainees from NDU, 10 co-op students from TSG CT, and 2 from NPUST (Total: 17 new recruits).

~56~

CSBC Corporation Taiwan ~ Sustainable Development

2026 Strategic Action Plan

Sustainability Development Promotion Group

Organizer: Department of Planning

Topic	Executing unit	Quantitative target	Action plan
			Content
Operational and financial performance	Dept. of Planning	Implement operational plan	1. Strictly adhere to CKP (Construction Key Plan)nodes.
2. Adjust KPI management methods to strengthen the implementation of operational targets.
Innovation and R&D	Dept. of Planning & Dept. of Information Technology	1. Promote Smart Shipyard 3.0 AI Application Project.
2. Continuously encourage units to propose innovative R&D plans.	1. Establish a smart production management information system.
2. Smart production workflows (e.g., automated welding robots).
3. Monitor the execution progress of approved R&D plans.

~57~

CSBC Corporation Taiwan ~ Sustainable Development

2026 Strategic Action Plan

Environmental Occupation Promotion Group

Organizer: Department of Environmental Protection and Public Utilities

Topic	Executing unit	Quantitative target	Action plan
			Content
Green products	Dept. of Design	1. R&D 1 green new ship concept design.
2. Apply existing R&D results to 5 secured orders.	1. Complete methanol ship concept design for H1413 and H1415, expecting 30% project progress.
2. Five R&D applications:
(1) H1198 Application of energy-saving measures (focusing on axe bow and rudder bulb): Projected project progress is 100%; installation has been completed.
(2) H1204 Application of energy-saving measures (focusing on axe bow): Projected project progress is 80%.
(3) H1205 Application of energy-saving measures (focusing on axe bow): Projected project progress is 80%.
(4) H1219s Application of energy-saving measures (focusing on axe bow, energy-saving duct with fins, hub vortex fin, energy-saving rudder, and high-efficiency propeller): Projected project progress is 100%.
(5) H1401s Application of energy-saving measures (focusing on axe bow, windshield, energy-saving duct with fins, energy-saving rudder, and high-efficiency propeller): Projected project progress is 60%.
Raw material	Dept. of Material & Dept. of Information Technology	Introduce digital material management system to strengthen control, reduce obsolete/scrap materials, and lower costs by 300,000 NTD annually.	1. Establish true material storage locations, optimize warehouse management, and improve accuracy.
2. Provide performance reports on waste reduction and cost savings for Coast Guard high-latitude and CMC series ships next year.
Energy consumption	Dept. of Information Technology & Dept. of Environmental Protection and Public Utilities	Utilize compressor monitoring systems to save 240,000 kWh/year (approx. 120,000 kg CO2e/year).	Track the benefits of the air compressor room monitoring systems and report the results next year.
Energy consumption	Dept. of Environmental Protection and Public Utilities	【Energy Creation】Increase green power ratio to achieve a combined 1% electricity reduction with energy-saving plans.	Plan solar system O&M mechanisms, conduct regular module cleaning. Continuously evaluate installing rooftop solar power systems to increase renewable energy ratio.
	Dept. of Environmental Protection and Public Utilities	【Energy Creation】Improve energy efficiency to achieve a combined 1% electricity reduction with generation plans.	Gradually replace old high-energy equipment (lighting, compressors, air conditioning) according to the 5-year energy-saving plan, and track progress.
Climate change management	Dept. of Environmental Protection and Public Utilities & Dept. of Planning & All Depts	Complete 2025 Scope 1, 2, and 3 GHG inventory and assurance for the consolidated parent and subsidiaries by August 2026.	1. Collect GHG data and evidence,
2. Produce internal inventory reports
3. Obtain assurance statements through external verification.

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CSBC Corporation Taiwan ~ Sustainable Development

2026 Strategic Action Plan

Financial Occupation Promotion Group

Organizer: Department of Finance and Accounting

Topic	Executing unit	Quantitative target	Action plan
			Content
Financial management	Dept. of Finance and Accounting & All Depts	Assess financial impacts and materiality of action plans.	1. Provide materiality threshold recommendations.
2. Discuss with executing units to assist in providing financial impacts (cash flow & financial position) for all plans.
	Dept. of Finance and Accounting & All Depts	Regularly compile the expenditure of executed action plans.	Assist in providing expense tracking records for execution plans as resolved by the Sustainability Task Force.
	Dept. of Finance and Accounting	Monitor international trends and forex risks to reduce operational impacts.	Hold quarterly Forex Execution Task Force meetings per the "Forex Hedging Operation Mechanism", and convene ad-hoc meetings based on asset/liability conditions.

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CSBC Corporation Taiwan ~ Sustainable Development

2026 Strategic Action Plan

Risk Management Occupation Promotion Group

Organizer: Legal Affairs Office

Topic	Executing unit	Quantitative target	Action plan
			Content
Risk management	Legal Affairs office	Review the appropriateness of management system processes.	1. The Risk Competency Team centrally manages the company's four major management systems. In accordance with Article 5.4.2.1 of the Risk and Opportunity Management Procedure, the team is authorized to review and supervise the adequacy of the risk management operational procedures implemented across all management systems, thereby ensuring the effective performance of risk management and maintaining corporate sustainability.
2. In 2026, it will review the appropriateness of risk procedures across systems to ensure sustainability, coordinating with IFRS integration.

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CSBC Corporation Taiwan ~ Sustainable Development

2026 Strategic Action Plan

Social Occupation Promotion Group

Organizer: Department of Human Resources and Administration

Topic	Executing unit	Quantitative target	Action plan	Implementation and tracking status
					Content
Human rights, diversity and inclusion	Dept. of Human Resources and Administration	Promote inclusive culture for migrant workers, adhere to people-oriented concepts, and respect human rights.		Promote human rights, eliminate invisible biases, and state anti-discrimination stance. Plan at least 1 promotional campaign to foster a diverse workplace.
Talent cultivation and development	Dept. of Human Resources and Administration	Expand diverse industry-academia collaborations, establish stable relationships, and build talent pipelines.		Deepen collaboration models, introduce practical knowledge into campus courses, and enhance brand image. Expect to partner with at least 1 school to open professional courses supported by corporate instructors.
Workplace safety and health	Dept. of Occupational Safety and Health	1.	Improve emergency response and rescue skills.	Supervise 12 emergency response drills.
		2.	Conduct environmental monitoring twice in high-risk areas.	Formulate environmental monitoring plans (noise, dust, chemicals) using certified 3rd parties, and report to the OSH Committee.
Employee health and care	Dept. of Occupational Safety and Health	Proactively care for and manage the health of high-risk personnel based on annual health checkups.		Occupational health personnel will conduct interviews and health guidance for 100 personnel.
Public welfare and charity	Dept. of Human Resources and Administration	Collaborate with internal/external groups to hold blood donations, beach cleanups, and charity events.		1. Hold blood donations and beach cleanups each half-year with internal clubs.
2. Participate in caring for low-income, elderly, and vulnerable groups.
3. In collaboration with the company's Employee Welfare Committee clubs and retired employees, we proactively care for the underprivileged and provide mutual aid resources.

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Annex 6

The implementation of CSBC's sound business plan in 2025 and the achievement of major capital expenditures and long-term equity investment projects Report

1. Operational Plan Implementation

Unit: NT$ thousand

Item	2025 Actual amount	2026 Estimated amount	Difference	Increase or decrease (%)
Operating revenue	21,780,245	20,139,998	1,640,247	8.14
Operating costs	23,991,945	19,501,411	4,490,534	23.03
Gross profit (- loss)	-2,211,700	638,587	-2,850,287	-446.34
Operating expenses	749,115	656,042	93,073	14.19
Operating profit (- loss)	-2,960,815	-17,455	-2,943,360	-16,862.56
Non-operating profit (- loss)	705,674	535,751	169,923	31.72
Net income (- loss) before tax	-2,255,141	518,296	-2,773,437	-535.11
Current income tax expense (- benefit)	17,428	108,473	-91,045	-83.93
Net income (- loss)	-2,272,569	409,823	-2,682,392	-654.52

2. Explanation of main differences

The company's 2025 consolidated operating revenue was NT$21.78 billion, with a gross loss of NT$2.212 billion, and a net loss of NT$2.273 billion, a reduction in losses of NT$521 million compared with 2024. The main reasons for the loss in 2025 were due to the appreciation of the New Taiwan dollar against the U.S. dollar, recognition of onerous contracts, an increase in warranty expenses for completed ships, and the unfavorable progress of vessel construction projects in the first half of the year, which resulted in higher production costs. As a result, the Company recorded an operating loss for the year. Among these factors, exchange rate fluctuations resulted in foreign exchange losses of approximately NT$674 million. Excluding the impact of such foreign exchange losses, the operating loss would have narrowed to NT$1.599 billion, which was in line with the target set forth in the 2025 operating plan. Through proactive adjustments to the operating strategies and

direction, together with the planning and implementation of various internal improvement measures, the Company has recorded quarterly profits for two consecutive quarters since the second half of 2025, following the improvement in progress of commercial vessel projects and follow-on submarine projects. The overall loss also narrowed significantly compared with the previous year, indicating that the benefits of these improvement measures have gradually emerged.

Performance of major capital expenditures and long-term equity investment benefit during 2018 to 2025

Unit: NT$ thousand

Category	Major capital expenditure projects	Estimated investing amount	Total amount while completio n	Remark
Shipbuilding (vessel) production equipment	Replace 350-ton GOC crane to new one	4,100,000 (revised)	-	Expected completion in Sept. 2027 (revised)
	Important equipment manufacturing workshop at Keelung shipyard	163,720	240,484	Completion in Mar. 2024
Equipment related maritime engineering	Enhance ground carrying capacity in RS31 area of Pier No.2	138,000	120,271	Completion in Jan. 2019
	Construction of 140-meter large barge	500,000	630,679	Completion in Feb. 2020
	Multipurpose steel structure production line at Kaohsiung shipyard	679,000	678,996	Completion in July 2022
	TP production line	328,000	247,151	Completion in Feb. 2021
	Acquisition of large Anchor Handling Tug Supply (AHTS)	336,740	322,997	Completion in Mar. 2024
Basic power infrastructure	Construction engineering of energy storage system	181,450	176,960	Completion in Feb. 2024

Note: data compiled up to the end Dec. 2025.

From 2018 to 2025, the company's major capital expenditure projects are shown in the above table. Completed projects include "Important equipment manufacturing workshop at Keelung shipyard," "Enhance ground carrying capacity in RS31 area of Pier No.2," "Construction of 140-meter large barge," "Multipurpose steel structure production line at Kaohsiung shipyard," "TP production line," "Acquisition of large Anchor Handling Tug Supply (AHTS),"

and “Construction engineering of energy storage system,” total seven investment projects. The remaining “350-ton GOC crane replacement” project is still in progress.

In addition, the company's performance in long-term equity investments is described as follows:

(1) CSBS Coating Solutions Co., Ltd. (CSBC Coating Solution)

As of 2025, CSBC Coating Solution recorded a total revenue of NT$378,491,000 and a net income after tax of NT$49,108,000. In 2025, CSBC Coating Solution recorded improved profitability, mainly attributable to the progress-based execution and completion of projects from CSBC Corporation, as well as stable investment income contributed by its subsidiary.

In terms of business operations, the Company’s business in 2025 mainly focused on construction projects, anti-corrosion coating for petrochemical oil storage tanks, and agency sales of anti-corrosion materials. In 2026, the Company will focus on the following business areas as the major development priorities:

Construction engineering: construction of non-RC steel-structure plants and large-scale public works.
Corrosion engineering: focusing on anti-corrosion coatings for onshore petrochemical engineering, ship anti-corrosion protection, and other steel structure anti-corrosion engineering.
Product agency: Petrochemical anti-corrosion coating systems and architectural coatings
Other business include a joint residential construction and sale project “Chuan-Jia-Bao”.

(2) CSBC Power Technology Co., Ltd. (CSBC Power Technology)

In 2025, the company recorded a total revenue of NT$58,071,000 and a net loss after tax of NT$147,823,000. The liabilities exceeded the assets, resulting in equity of negative NT$320,554,000.

In terms of business development, CSBC Power Technology is undertaking the Ministry of Economic Affairs’ industrial innovation platform thematic R&D project titled “defense ship system integration promotion plan,” which is completed by June 30, 2025. At this stage, the owner has not provided any commitment or indication of intent. As

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resolved by the Board of Directors, the Company has determined to suspend the allocation of resources and R&D investment for the project. Currently, the Company's main focus is on the development of unmanned vessel systems and the enhancement of integrated systems. The Company is actively pursuing the following business opportunities, with the expectation of achieving break-even in 2026.

Lightweight 1.4MW marine motor business
Unmanned vessel tenders from the Coast Guard Administration and the Navy
Tender for new electric ferries by Kaohsiung City Shipping Co., Ltd.

(3) Blue Ace Corporation (Blue Ace)

In 2025, the company recorded a total revenue of NT$159,687,000 and a net income after tax of NT$6,268,000. In terms of business operations, Blue Ace mainly undertakes vessel engineering projects for the Kaohsiung and Keelung shipyards, and CSBC Coating Solution and focuses on manpower service procurement for various engineering technologies.

(4) CSBC Construction and Engineering Co., Ltd. (CSBC Construction and Engineering)

In 2025, the Company recorded revenue of NT$573,653,000 and net income after tax of NT$33,527,000. At present, the Company's business is mainly focused on the contracting of the "Chuan-Jia-Bao" project. The topping-out ceremony for the project was completed on December 8, 2025, and the occupancy permit is expected to be obtained in 2026, with handover scheduled to commence by the end of the same year.

(5) Taiwan Offshore Windfarm Services Corporation (TOWSC)

From 2022 to 2025, TOWSC successively carried out capital reductions and capital increases, and completed the amendment registration on August 12, 2025. The current paid-in capital is NT$29,017,000. The Company holds 40,000 shares, with its shareholding ratio reduced to 1.38%.

In terms of financial information, the Company has ceased recognizing its share of losses from this affiliated company since the fourth quarter of 2018. TOWSC has no longer provided financial statements since September 2023.

(6) Fuhai Wind Power Co., Ltd. (Fuhai)

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From 2021 to 2024, Fuhai successively carried out capital reductions and capital increases, and completed the amendment registration on November 19, 2024. The paid-in capital became NT$39,493,000. The Company currently holds 36,707 shares (rounded to less than one share) with its shareholding ratio reduced to 0.93%, while Taiwan Generations Corporation holds 99.07%.

In terms of business operation, the Company has ceased recognizing its share of losses from this affiliated company since the third quarter of 2017. Fuhai has no longer provided financial statements since March 2024.

(7) Taiwan International Windpower Training Corporation Ltd. (Windpower Training)

In 2025, the Company recorded revenue of NT$58,865,000 and net income after tax of NT$5,260,000

In 2025, Windpower Training recorded a new high in overall GWO revenue. In addition to continuing to deepen its presence in the domestic market, the company also offered customized courses and actively developed overseas markets. In 2026, as overall domestic training demand is expected to decline and market competition remains intense, Windpower Training will pursue the development of diversified businesses, with the goal of building a one-stop wind power and maritime training platform. At the same time, it will continue to cultivate markets such as Japan, Korea, and the Philippines, and strive to secure international training orders.

(8) CSBC-DEME Wind Engineering Co. Ltd. (CDWE)

In 2025, CDWE recorded revenue of NT$14,002,992,000 and net income after tax of NT$1,793,427,000. The increase in profitability in 2025 was mainly attributable to the successful completion of the project of Hai Long offshore wind farm and the support work for Taiwan Power Company's Phase II project.

The current ongoing and negotiated projects are outlined as follows:

Hai Long offshore wind farm

CDWE entered into a transportation and installation contract with the Hai Long Offshore Wind Power Project in September 2022 for the underwater foundations, offshore substation, and wind turbines. At present, all underwater foundation works have been completed, and wind turbine installation is continuing. The project is expected to be completed in the third quarter of 2026. The project comprises a total

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of 73 units.

Fengmiao offshore wind farm
CDWE signed the contracts of the underwater foundation installation and the offshore substation installation with the Fengmiao offshore wind farm in June and December 2024, respectively. The underwater foundation installation works commenced in March 2026 and are expected to be completed in the first half of 2027.
Formosa 4/Formosa 6 offshore wind farm
The Formosa 4 Offshore Wind Farm contract was signed at the end of August 2025. CDWE undertook the underwater foundation installation and offshore substation installation works, with underwater foundation installation expected to commence in the second quarter of 2027.

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Annex 7

CSBC Corporation, Taiwan

Deficit Compensation Statement 2025

Unit : NT$

Items	Dollars
	Subtotal	Total
Beginning deficit to be compensated		($6,701,951,400)
+: Other comprehensive income of 2025	157,512,727
-: Net Loss of 2025	(2,259,943,461)
Accumulated deficit at the end of 2025		($8,804,382,134)

Chairman: CHEN JENG-HORNG
President: TSAI,KUN-TSUNG
Accounting Manager: KU, PEI-HSIEN

Annex 8

"Rules of procedure for shareholders' meetings"
Comparison of Articles Before and After Amendments


Article 3.
Paragraphs 1 – 3 are omitted
The Company shall, 30 days prior to the convening of a general shareholders’ meeting or 15 days prior to the convening of a special shareholders’ meeting, prepare electronic files of the meeting notice, proxy form, the causes and explanatory materials for all proposals, including ratification matters, discussion matters, and matters concerning the election or discharge of directors, as well as the shareholders’ meeting handbook and supplementary meeting materials, and transmit the same to the Market Observation Post System (MOPS). The Company shall, 15 days prior to the convening of a shareholders’ meeting, make available the shareholders’ meeting handbook and supplementary meeting materials for that meeting for shareholders’ inspection at any time, and shall display the same at the Company and at the professional shareholder services agent appointed by the Company	Article 3.
Paragraphs 1 – 3 are omitted
This Corporation shall prepare electronic versions of the shareholders meeting notice and proxy forms, and the origins of and explanatory materials relating to all proposals, including proposals for ratification, matters for deliberation, or the election or dismissal of directors or supervisors, and upload them to the Market Observation Post System (MOPS) before 30 days before the date of a regular shareholders meeting or before 15 days before the date of a special shareholders meeting. This Corporation shall prepare electronic versions of the shareholders meeting agenda and supplemental meeting materials and upload them to the MOPS before 21 days before the date of the regular shareholders meeting or before 15 days before the date of the special shareholders meeting. If, however, this Corporation has the paid-in capital of NT$10 billion or more as of the last day of the most current fiscal year, or total shareholding of foreign shareholders and PRC shareholders reaches 30% or more as recorded in the register of shareholders of the shareholders meeting held in the immediately preceding year, transmission of these electronic files shall be made by 30 days before the regular shareholders meeting. In addition, before 15 days before the date of the shareholders meeting, this Corporation shall also have prepared the shareholders meeting agenda and supplemental meeting materials and made them available for review by shareholders at any time. The meeting agenda and supplemental materials shall also be displayed at this Corporation and the professional shareholder services agent designated thereby.	In line with the amendment to Paragraph 3, Article 6 of the “Regulations Governing Content and Compliance Requirements for Shareholders’ Meeting Agenda Handbooks of Public Companies,” the scope of companies required to disclose the shareholders’ meeting handbook and related information 30 days prior to the annual shareholders’ meeting has been expanded to include all TWSE-listed and TPEx-listed companies. The regulations are amended accordingly.
Paragraphs 5 – 6 are omitted	Paragraphs 5 – 6 are omitted

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Revised provisions	Original provisions	Explanation
Election or dismissal of directors or supervisors, amendments to the articles of incorporation, reduction of capital, application for the approval of ceasing its status as a public company, approval of competing with the company by directors, surplus profit distributed in the form of new shares, reserve distributed in the form of new shares, the dissolution, merger, or demerger of the corporation, or any matter under Article 185, paragraph 1 of the Company Act, Articles 26-1 and 43-6 of the Securities Exchange Act, Articles 56-1 and 60-2 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall be set out and the essential contents explained in the notice of the reasons for convening the shareholders meeting. None of the above matters may be raised by an extraordinary motion. The essential contents thereof may be posted on the website designated by the competent securities authority or by the Company, and the website address shall be specified in the notice.

Paragraphs 8 are omitted | Election or dismissal of directors or supervisors, amendments to the articles of incorporation, reduction of capital, application for the approval of ceasing its status as a public company, approval of competing with the company by directors, surplus profit distributed in the form of new shares, reserve distributed in the form of new shares, the dissolution, merger, or demerger of the corporation, or any matter under Article 185, paragraph 1 of the Company Act, Articles 26-1 and 43-6 of the Securities Exchange Act, Articles 56-1 and 60-2 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall be set out and the essential contents explained in the notice of the reasons for convening the shareholders meeting. None of the above matters may be raised by an extraordinary motion. | In line with the amendment to Paragraph 5, Article 172 of the Company Act, matters may not be proposed as extemporary motions are newly added, and the website address where the essential contents thereof are disclosed shall be specified. |

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Revised provisions	Original provisions	Explanation
A shareholder holding one percent or more of the total number of issued shares may submit to this Corporation a proposal for discussion at a regular shareholders meeting. The number of items so proposed is limited to one only, and no proposal containing more than one item will be included in the meeting agenda. When the circumstances of any subparagraph of Article 172-1, paragraph 4 of the Company Act apply to a proposal put forward by a shareholder, the board of directors may exclude it from the agenda. A shareholder may propose a recommendation for urging the corporation to promote public interests or fulfill its social responsibilities, provided procedurally the number of items so proposed is limited only to one in accordance with Article 172-1 of the Company Act, and no proposal containing more than one item will be included in the meeting agenda.

The following paragraphs are omitted. | A shareholder holding one percent or more of the total number of issued shares may submit to this Corporation a written proposal for discussion at a regular shareholders meeting. The number of items so proposed, however, is limited to one only, and no proposal containing more than one item will be included in the meeting agenda, provided a shareholder proposal for urging the corporation to promote public interests or fulfill its social responsibilities may still be included in the agenda by the board of directors.. In addition, when the circumstances of any subparagraph of Article 172-1, paragraph 4 of the Company Act apply to a proposal put forward by a shareholder, the board of directors may exclude it from the agenda.

The following paragraphs are omitted. | Shareholder(s) holding one percent (1%) or more of the total number of outstanding shares of a company may propose to the company a proposal for discussion at a regular shareholders meeting, provided that only one matter shall be allowed in each single proposal and that, pursuant to Article 172-1 of the Company Act. |

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Revised provisions	Original provisions	Explanation
Article 13.
Paragraphs 1 – 7 are omitted
Where a shareholders’ meeting includes a proposal for the election of directors and the number of candidates exceeds the number of seats to be elected, a proposal for the discharge of directors, or a proposal under Article 185 or Article 316 of the Company Act; Article 18, Article 27, Article 29, or Article 35 of the Business Mergers and Acquisitions Act; or Subparagraph 1, Paragraph 2, Article 24 or Subparagraph 1, Paragraph 2, Article 26 of the Financial Holding Company Act, the chairperson is advised to appoint an attorney, certified public accountant, or notary to serve as the scrutineer.

The person appointed by the chairperson pursuant to the preceding paragraph shall not be a person responsible for matters relating to the voting procedures, nor shall such person be a director, managerial officer, or employee of the Company or any of its affiliates. The scrutineer shall supervise the voting and vote-counting process and shall sign the election result tally sheet.

Where a scrutineer is appointed pursuant to Paragraph 13, the minutes of the shareholders’ meeting shall specify the name and title of the scrutineer.

Vote counting for shareholders meeting proposals or elections shall be conducted in public at the place of the shareholders meeting. Immediately after vote counting has been completed, the results of the voting, including the statistical tallies of the numbers of votes, shall be announced on-site at the meeting, and a record made of the vote. | Article 13.
Paragraphs 1 – 7 are omitted
Vote counting for shareholders meeting proposals or elections shall be conducted in public at the place of the shareholders meeting. Immediately after vote counting has been completed, the results of the voting, including the statistical tallies of the numbers of votes, shall be announced on-site at the meeting, and a record made of the vote. | 1. Where a shareholders’ meeting includes a proposal for the election of directors and the number of candidates exceeds the number of seats to be elected, a proposal for the discharge of directors, or any other proposal listed in Paragraph 13, the chairperson is advised to appoint an attorney, certified public accountant, or notary to serve as the scrutineer.

Where the chairperson appoints a scrutineer pursuant to the preceding paragraph (Paragraph 13), such scrutineer shall possess not only professional qualifications but also independence, so as to avoid disputes. The scrutineer shall supervise the voting and vote-counting process at the venue of the shareholders meeting and sign the election result tally sheet to acknowledge responsibility. The minutes of the shareholders’ meeting shall specify the name and title of the independent scrutineer.
In order to enable shareholders to fully and promptly understand the voting results of each proposal and the number of voting rights counted, the wording of Paragraph 16 has been amended for clarification. |

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Annex 9

Candidates for Independent directors of the 19th term of the Board of Directors.

Category	Name	Share Held	Education and Experience
Independent Director	Kevin Chen	0	Master of Science in Finance, National Kaohsiung First University of Science and Technology
Partner accountant of ShineWing Taiwan
Adjunct Instructor of NKUST

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Appendix

Appendix 1

Rules of Procedure for Shareholders' Meeting

CSBC Corporation, Taiwan

Passed in the 1st extraordinary shareholders’ meeting of 2002 on December 9, 2002

Passed in the 1st extraordinary shareholders’ meeting of 2008 on March 24, 2008

Passed in the general shareholders’ meeting of 2008 on June 20, 2008

Passed in the general shareholders’ meeting of 2012 on June 13, 2012

Passed in the general shareholders’ meeting of 2014 on June 26, 2014

Passed in the general shareholders’ meeting of 2015 on June 29, 2015

Passed in the general shareholders’ meeting of 2020 on June 17, 2020

Passed in the general shareholders’ meeting of 2021 on August 25, 2021

Passed in the general shareholders’ meeting of 2022 on June 22, 2022

Passed in the general shareholders’ meeting of 2023 on June 28, 2023

Except as otherwise provided in the laws and regulations, the procedure of the shareholders' meetings of CSBC Corporation, Taiwan (hereinafter referred to as the Company) shall be handled in accordance with these Rules.
The shareholder referred to in these Rules means the shareholder him/herself or the representative appointed by the shareholder or the shareholder’s proxy for attending the meeting.
Except as otherwise provided in the laws and regulations, the shareholders' meeting of the Company shall be convened by the board of directors.

Unless otherwise stipulated in Regulations Governing the Administration of Shareholder Services of Public Companies, the company's convening of a shareholders’ meeting via videoconference shall be specified in the articles of association and resolved by the board of directors. In addition, the proposal to convene a video-conference shareholders meeting shall be attended by more than two-thirds of the directors of the board of directors and approved by more than half of the directors present.

Changes in the way of convening shareholders’ meetings of the Company should be resolved by the board of directors, and the notice should be sent by correspondence at least before the shareholders’ meeting.

The Company shall, 30 days before a general shareholders’ meeting or 15 days before an extraordinary shareholders’ meeting, produce the shareholders’ meeting notice, the power of attorney form, and the information about items for recognition and discussion and election or dismissal of directors into an electronic file for upload on the MOPS.Yet, if the Company’s capital income

reaches NT$10 billion on the date when the fiscal year ends, or when the over 30% of the Company’s stocks are possessed by foreign investors and investors from Mainland China who have been recorded in the name list of the most recent shareholders’ meeting, the relevant electronic files should be transmitted at least 30 days before the shareholders’ meeting is convened. The Company shall, 21 days before a general shareholders’ meeting or 15 days before an extraordinary shareholders’ meeting, produce the rules of procedures for the shareholders’ meeting and supplementary materials into an electronic file for upload on the MOPS. The Company shall, 15 days before a shareholders’ meeting, prepare the shareholders’ meeting agenda handbook and supplementary materials and make them available for the shareholders to obtain and review at any time. In addition, the handbook shall be displayed at the Company and its stock registrar and transfer agent, and distributed on-site at the meeting.

The Company shall provide the aforementioned handbook of shareholders’ meetings and attachments to the handbook to the shareholders on the meeting day in the following ways:

To distribute the materials at the venue during a physical meeting.
To distribute the materials at the venue during physical meeting with an alternative of attending by video conferencing and upload the file to the designated online platform.
To upload the electronic file to the designated video conferencing platform during a shareholders’ meeting solely convened through video conferencing.

The meeting notice and announcement shall contain the reasons for convening the meeting. The notice delivery may be done electronically with the consent of the counterparty.

The election or dismissal of directors, or amendments to the Articles of Association, or dissolution, merger, or division of the Company, or matters in the provisions of Article 185 of the Company Law, Articles 26.1 or 43.6 of the Securities Exchange Act, or Articles 56.1 or 60.2 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall be listed in the reasons for convening the meeting and shall not be brought up as extraordinary motions.

Where re-election of all directors as well as their inauguration date is stated in the notice of the reasons for convening the shareholders’ meeting, after the completion of the re-election in said meeting such inauguration date may not be altered by any extraordinary motion or otherwise in the same meeting.

A shareholder holding one percent or more of the total number of issued shares

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may submit to the company a proposal for discussion at a regular shareholders meeting. The number of items so proposed is limited to one only, and no proposal containing more than one item will be included in the meeting agenda. When the circumstances of any subparagraph of Article 172-1, paragraph 4 of the Company Act apply to a proposal put forward by a shareholder, the board of directors may exclude it from the agenda.

Prior to the book closure date before a regular shareholders' meeting is held, the company shall publicly announce its acceptance of shareholder proposals in writing or electronically, and the location and time period for their submission; the period for submission of shareholder proposals may not be less than 10 days.

The shareholder's proposal shall be no more than 300 words. Proposals more than 300 words will not be included as motions. The shareholder making the motion proposal shall be present at or appoint a proxy to attend the shareholders' meeting and participate in the discussion of the motion.

The Company shall notify the shareholder making the motion proposal of the results of the processing before the notice of convening the shareholders' meeting, and include in the meeting notice the motions meeting the criteria of the Article. For a shareholder's proposal not included in the motions, the board of directors shall state the reasons in the shareholders' meeting.

The shareholders shall, at each shareholder's meeting, issue a power of attorney in the form printed by the Company, specify the scope of authorization, and appoint a proxy to attend the shareholders' meeting.

Each shareholder is limited to issuing one power of attorney and appointing one proxy only. The power of attorney shall be delivered to the Company 5 days before the shareholders' meeting. If the power of attorney is duplicated, the first one that is delivered shall prevail. This requirement does not apply to a statement revoking the former power of attorney.

Upon the delivery of the power of attorney to the Company, the shareholder who wishes to attend the shareholders' meeting in person or wishes to exercise the voting right in writing or electronically shall notify the Company in writing to the cancel the proxy appointment 2 days before the shareholders' meeting, otherwise the voting right exercised by the appointed proxy who attends the meeting shall prevail.

Upon the delivery of the power of attorney to the Company, the shareholder who wishes to attend the shareholders' meeting via video conferencing or wishes to exercise the voting right in writing or electronically shall notify the Company in writing to the cancel the proxy appointment 2 days before the shareholders'

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meeting, otherwise the voting right exercised by the appointed proxy who attends the meeting shall prevail.

The time and place of the shareholders' meeting shall be determined by the board of directors, and the meeting shall be held at the place where the head office of the Company is located or a place convenient for the shareholders' attendance and suitable for holding the shareholders' meeting. The meeting start time shall not be earlier than 9:00 am or later than 3:00 pm.

When the Company convenes a shareholders' meeting via video conferencing, limitations of venue in the preceding paragraph do not apply.

The Company shall prepare a rules-of-procedure handbook for the shareholders' meeting and announce the rules-of-procedure handbook and other relevant information before the shareholders' meeting.

The measures concerning the time, manner and main matters in the rules of procedure handbook in the aforesaid announcement and other matters to be followed shall be determined by the securities regulatory authority.

The attendance at the shareholders' meeting shall be determined by the submission of the attendance card to the Company by either the shareholder or the proxy appointed by the shareholder.

The Company shall deliver the rules-of-procedure handbook, annual report, attendance certificate, speech slip, vote and other meeting information to the shareholders present at the shareholders' meeting. If there is an election of directors, the election ballot shall also be delivered.

The shareholder shall attend the shareholders' meeting by attendance certificate, attendance card or other attendance documents. The Company shall not arbitrarily add any other supporting documents to prove the identity of the shareholders. The solicitor for the power of attorney shall carry identity documents for verification.

If the government or a legal person is a shareholder, the representative for the shareholders' meeting is not limited to one person only. If a legal person is appointed to attend the shareholders' meeting, only one representative shall be sent.

The check-in procedure should begin on the platform of video conferencing for the shareholders' meeting 30 minutes before the shareholders' meeting starts. Shareholders who completed the check-in procedure are deemed as being present at the meeting in person.

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Shareholders who intend to attend a online streaming shareholders’ meeting via video conferencing should register to the Company 2 days before the meeting.

For shareholders’ meeting convened via video conferencing, the Company shall upload handbook of the meeting, the annual report, and other relevant information to the video conferencing platform, and the information should remain accessible until the meeting ends.

6-1. The Company should specify the following matters in the notice for a shareholders’ meeting convened via video conferencing:

The methods for shareholders to attend the online-streaming meeting and how they can exercise their rights.
Methods of handling situations in which video conferencing platform or the channel of connecting to the online streaming meeting malfunctions due to natural disasters, accidents, or other unavoidable causes, which should include at least the following matter:

(1) The time at which the aforementioned situations cause interruption so that the meeting shall be postponed or continued, and the date on which the meeting should be postponed to or continued.

(2) Shareholders who did not check-in for the original shareholders’ meeting are not allowed to attend the postponed or continued meeting.

(3) During a shareholders’ meeting where online streaming is an alternative for physical meeting, if the online streaming cannot continue but the shares possessed by all shareholders who attend the meeting with those participate via video conferencing deducted can reach the legal threshold for the meeting, the shareholders’ meeting shall continue. The shares possessed by shareholders who attend via video conferencing shall be included in the total amount of shares possessed by attending shareholders, but those attending the meeting online shall be deemed abstaining their rights to vote for all agendas in the meeting.

(4) Measures to take when resolutions of all agendas have been announced but the exemption motion has not been conducted.

When a shareholder’s meeting is convened solely via video conferencing, the Company should provide alternatives for shareholders who have problems attending the meeting via video conferencing. Except for the circumstances stipulated in Item 6, Article 44-9, of the Regulations Governing the Administration of Shareholder Services of Public Companies, at least shareholders shall be provided with connection equipment and necessary assistance, and the period during which shareholders may apply to the company and other relevant notices shall be specified.

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If a shareholders meeting is convened by the board of directors, the meeting shall be chaired by the chairperson of the board. If the chairperson of the board is on leave or for any reason and unable to exercise the powers of a chairperson, the chairperson shall appoint one of the directors to act as the chairperson for the meeting. If the chairperson does not make such an appointment, then the chairperson for the meeting shall be elected among the directors.

If the shareholders' meeting is convened by a party other than the board of directors, the chairperson of the meeting shall be the convening party. If there are two or more convening parties, one of them shall be elected as the chairperson.

For a shareholders' meeting convened by the board of directors, the chairperson shall personally presided over the meeting, and shall have more than half of the directors of the board and at least one member from each functional committee attend the meeting. The attendance shall be recorded in the meeting minutes.

The Company may appoint its lawyer, accountant or related persons to attend the shareholders' meeting in a non-voting capacity.

The Company shall audio-record and video-record the whole process of the meeting, including the check-in procedure of the shareholders, the convention of the meeting, the voting and calculating of votes.

The video and audio recording in the preceding paragraph shall be retained for at least one year. For any lawsuit filed by a shareholder in accordance with Article 189 of the Company Act, such documents shall be kept until the end of the proceedings.

During a shareholders' meeting convened via video conferencing, the Company shall audio-record and video-record the whole process, including the enrollment, registration, check-in, inquiries, voting of the shareholders, and the calculation of votes, and such recording shall be retained.

The information and audio- and video- recordings in the preceding paragraph in the preceding paragraph shall be carefully possessed by the Company. The audio and video recordings shall also be provided to the party entrusted for organizing the video conferencing meeting.

During a shareholders' meeting convened via video conferencing, the Company shall audio record and video record the operation interface of the online streaming platform.

The attendance of the shareholders' meeting shall be on a share basis. The number of shares represented by the attending shareholders shall be based on

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the sign-in register or the attendance cards submitted, and the number of shares recorded at the check-in counter of the video conferencing platform, plus the number of shares with the voting rights exercised in writing or electronically.

The chairperson shall call the meeting to order at the scheduled meeting start time, and announce relevant information of the number of non-voting rights and the number of shares present at the time. If the attending shareholders do not represent a majority of the total number of shares issued, the chairperson may announce a postponement, provided that no more than two such postponements for a combined total length of no more than 1 hour may be made. If after two postponements the attending shareholders still represent less than one third of the total number of issued shares, the chairperson shall announce the meeting aborted; for a shareholder's meeting convened via video conferencing, the Company shall announce the meeting aborted on the video conferencing platform.

If the quorum is not met after two postponements as referred to in the preceding paragraph, but the attending shareholders represent one third or more of the total number of issued shares, then pursuant to Paragraph 1 of Article 175 of the Company Law, a tentative resolution may be adopted with the consent of the attending shareholders with the majority voting rights. The shareholders shall be informed of the tentative resolution, and another shareholders' meeting shall be convened within a month; for a shareholders' meeting convened via video conferencing, a shareholder who intend to attend via video conferencing shall register to the Company again according to Article 6.

Before the current meeting ends, if the present shareholders represent half or more of the total number of issued shares, the chairperson submit the tentative resolutions to the shareholders' meetings for voting again on the basis of regulations in Article 174 of the Company Law.

For the shareholders' meeting reconvened, shareholders representing one third or more of the total number of issued shares still have to attend, and the consent of the attending shareholders with the majority voting rights shall be obtained. A formal resolution shall be made.

If a shareholders' meeting is convened by the board of directors, the meeting agenda shall be set by the board of directors. Votes shall be cast on each separate proposal in the agenda (including extraordinary motions and amendments to the original proposals set out in the agenda). The meeting shall proceed in the order set by the agenda, which may not be changed without a resolution of the shareholders meeting.

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The provisions of the preceding paragraph apply mutatis mutandis to a shareholders' meeting convened by a party with the power to convene that is not the board of directors.

The chairperson may not declare the meeting adjourned prior to completion of deliberation on the meeting agenda of the preceding two paragraphs (including extraordinary motions), except by a resolution of the shareholders' meeting.

After the meeting is adjourned, the shareholders shall not elect another chairperson to continue the meeting at the original site or another place. However, if the chairperson declares the meeting adjourned in violation of the rules of procedure, with the consent of the attending shareholders with the majority voting rights, a new chairperson may be elected to continue the meeting.

The chairman shall allow ample opportunity during the meeting for explanation and discussion of proposals and of amendments or extraordinary motions put forward by the shareholders; when the chair is of the opinion that a proposal has been discussed sufficiently to put it to a vote, the chair may announce the discussion closed, and may announce to suspend the discussion when it's necessary. As announced to close the discussion or stop the agenda item of the discussion, the chair shall call for a vote, and schedule sufficient time for voting.

Before speaking, an attending shareholder must write down on a speaker's slip the subject of the speech, his/her shareholder account number (or attendance certificate number), and account name. The order in which the shareholders speak shall be set by the chairperson.

An attending shareholder who has submitted a speaker's slip but does not actually speak shall be deemed to have not spoken. When the content of the speech does not correspond to the subject given on the speaker's slip, the spoken content shall prevail.

Except with the consent of the chairperson, a shareholder may not speak for more than twice on the same motion, and a single speech may not exceed 5 minutes. If a shareholder's speech violates the rules or exceeds the scope of the agenda item, the chairperson may terminate the speech.

At the time a shareholder is speaking, the other shareholders shall not speak and interfere except with the consent of the chairperson and the speaking shareholder, otherwise the chairperson shall stop this interfering behavior.

Where a legal-person shareholder appoints two or more representatives to attend a shareholders' meeting, only one of the representatives may speak on the same motion.

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After an attending shareholder has spoken, the chairperson may respond in person or appoint a relevant person to respond.

The vote calculation of the shareholders' meeting shall be on a share basis. If the government or a legal person is a shareholder, its representative shall exercise the voting rights on behalf of the shareholder.

For the resolution of the shareholders' meeting, the shareholdings of shareholders with no voting rights shall not be included in the total number of shares issued.

Shareholders are not allowed to participate in the voting on matters with their own interests involved in that are potentially harmful to the interests of the Company, and shall not act on behalf of other shareholders to exercise their voting rights.

The number of shares with no voting rights in the preceding paragraph shall not be included in the number of voting rights of the shareholders who have attended the meeting.

A shareholder may entrust a proxy to attend the shareholders' meeting. Except trust businesses or stock agents approved by the competent authority, if a proxy is entrusted by two or more shareholders, the voting rights of the proxy shall not exceed 3% of the total number of voting rights of the issued shares, otherwise the voting rights exceeding the percentage shall not be counted.

Shareholders have one voting right for each share, except restricted shares or shares with no voting rights as listed in Item 2 of Paragraph 179 of the Company Law.

In the Company's shareholders' meeting, an electronic method shall be adopted for the exercise of voting rights, which may also be exercised in writing. The notice of the shareholders' meeting shall stipulate whether the voting rights are exercised in writing or electronically. Shareholders who exercise their voting rights either in writing or electronically are deemed to be present at the shareholders' meeting in person. However, they shall be deemed to abstain from extraordinary motions and amendments to the original motions of the shareholders' meeting.

For a shareholder who exercises the voting rights in writing or electronically in the preceding paragraph, the shareholder's decision shall be delivered to the Company 2 days before the date of the shareholders' meeting. If the decision is duplicated, the first one that is delivered shall prevail. This requirement does not apply to a statement revoking the former decision.

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After a shareholder exercises the voting rights in writing or electronically, if the shareholder wishes to attend the meeting in person or via video conferencing, he/she shall, in the same way as the exercise of the voting rights, cancel the decision on the exercise of the voting rights in the preceding paragraph 2 days before the date of the shareholders' meeting. If the cancellation is not made before the deadline, the voting rights exercised in writing or electronically shall prevail. If a shareholder exercises the voting rights in writing or electronically and entrusts a proxy by a power of attorney to attend the shareholders' meeting, the voting rights exercised by the entrusted proxy shall prevail.

Unless otherwise provided in the Company Law and the Articles of Association of the Company, a motion is subject to the consent of the majority of the shareholders' voting rights. When voting, the shareholders shall vote on a case-by-case basis after the chairperson or his/her designated person announces the total number of voting rights of the attending shareholders case-by-case basis, and the results of the shareholders' consent, objection and abstention shall be entered into the MOPS on the day after the shareholders' meeting.

At the time of the vote, if there is no objection after the chairperson's inquiry, the motion shall be regarded as passed, and it shall bear the same effectiveness as that of voting. If there is any objection, the voting method shall be adopted in accordance with the provisions of the preceding paragraph.

In the case of an amendment or an alternative to the same motion, the chairperson shall combine it with the original motion and determine the order of voting. If one of the motions is passed, the other motion shall be deemed to be vetoed and no further voting shall be required.

The scrutineer of the motion and vote counting personnel shall be designated by the chairperson, but the scrutineer shall be a shareholder.

The results of the vote shall be announced on the spot and recorded accordingly.

When the Company convenes a live stream shareholders' meeting, shareholders who attend the meeting via video conferencing shall participating in voting of each agenda and election after the chairperson announces the beginning of the meeting and vote before the chairperson announces the voting ends; those who fail to vote within the designated time are deemed as abstaining their rights of votes. During a shareholders' meeting convened via video conferencing, the votes shall be calculated once after the chairperson announces the end of voting, and the resolutions and election results should be announced.

When a Company convenes a physical shareholders' meeting with live-stream meeting as an alternative, shareholders who have registered to attend the

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meeting via video conferencing following Article 6 and intend to attend the physical meeting should withdraw his / her registration in the same way of making the registration 2 days before the meeting; those who miss the due date shall only be allowed to attend the shareholders' meeting via video conferencing.

Shareholders who have exercised their rights of votes by writing or electronically without withdrawing their opinions and attend the meeting via video conferencing are not allowed to vote for the agendas, propose amendments to the agenda, or vote for the amendment on the agenda; they could only participate in exemption of motions.

If there is an election of directors in the shareholders' meeting, the election shall be handled in accordance with the election related regulations of the Company, and the results shall be announced on the spot, contains the list of elected directors and the number of voting rights and the list of unsuccessful directors.

The electoral votes for the preceding election shall be sealed and signed by the scrutineer and kept for at least one year. For any lawsuit filed by a shareholder in accordance with Article 189 of the Company Law, such documents shall be kept until the end of the proceedings.

The resolutions of a shareholders' meeting shall be recorded in the shareholders' meeting minutes to be signed or sealed by the chairperson, and be distributed to the shareholders within 20 days after the meeting. The preparation and distribution of the meeting minutes may be carried out electronically.

The distribution of the aforesaid meeting minutes may be carried out by way of a public announcement.

The meeting minutes shall accurately record the year, month, day, and place of the meeting, the chair's full name, the methods by which resolutions were adopted, and a summary of the deliberations and their voting results (including the number of voting rights), and disclose the number of voting rights won by each candidate in the event of an election of directors or supervisors. The minutes shall be retained for the duration of the existence of the company.

The resolution of the preceding paragraph is based on the chairperson's inquiry with the shareholders. If the shareholders have no objection to the motion, it shall be recorded that "the motion is passed with no objection after the chairperson's inquiry with all the attending shareholders". However, if the shareholders object to the motion, it shall be recorded that the voting method was adopted as well as the number of voting rights for the motion and the ratio of such voting rights.

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For a shareholders' meeting convened via video conferencing, in addition to matters in the preceding paragraph, the proceedings should also include the exact time when the meeting was started and adjourned, the way in which the meeting is convened, the names of the chairperson and the person who takes minutes, and the measures taken when the video conferencing platform or the channel for attending the meeting via video conferencing malfunctions due to natural disasters, accidents, or other unavoidable situations, and the condition of handling such problems.

When convening a shareholders meeting via video conferencing, in addition to following the regulations mentioned in the preceding paragraph, the Company shall also specify in the proceedings the alternatives for shareholder who have problem attending the meeting via video conferencing.

The number of shares solicited by the solicitors and the number of shares represented by the proxies, and number of shares represented by shareholders who attend the meeting by writing or electronically, shall be clearly disclosed in the prescribed statistical form and posted in the venue of the shareholders' meeting on the day of the shareholders' meeting. For a shareholders' meeting convened via video conferencing, the Company shall upload the aforementioned information to the video conferencing platform at least 30 minutes before the meeting begins, and the meeting shall remain disclosed until the meeting is adjourned.

When the Company convenes a shareholders' meeting via video conferencing, as the meeting is announced to begin, the total number of shares represented by shareholders who attend the meeting should be disclosed on the video conferencing platform. When total shares represented by shareholders or weight of votes is calculated during the meeting, such information should be disclosed on the platform, too.

In case a resolution of the shareholders' meeting belongs to major information specified in the decree and by the competent authority, the Company shall transmit the contents to the MOPS within the prescribed time.

The chairperson may direct the proctors (or security personnel) to help maintain the order at the meeting. When the proctors (or security personnel) help maintain the order at the meeting, they shall wear an identification card.

For shareholders who violate the rules of procedure, do not follow the chairperson's correction and disturb the conduct of the meeting, the chairperson may direct the proctors or security personnel to ask them to leave the venue.

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During the course of a meeting, the chairperson may announce a break based on time considerations. In case of a force majeure event, the chairperson may rule the meeting temporarily suspended, and announce a meeting resumption time depending on the situation.

If the meeting venue can no longer be used before the end of the meeting agenda (including extraordinary motions), the shareholders may find another venue to continue the meeting.

A meeting resolution may be made to postpone or continue the shareholders’ meeting within 5 days in accordance with the provisions of Article 182 of the Company Law.

When a shareholders’ meeting is convened via video conferencing, the Company shall disclose the resolutions and election results in real time after the voting is completed on the video conferencing platform. The information should remain publicized for at least 15 minutes after the chairperson announces the meeting is adjourned.
When the Company convenes a shareholders’ meeting via video conferencing, the chairperson and the person who keeps the minutes should be at the same meeting venue in this country; the chairperson should announce the address of the venue when announcing the beginning of the meeting.
When a shareholders’ meeting is convened via video conferencing, the Company may help shareholders to conduct simple connection test and offer relevant services in real time before and during the meeting so that shareholders get assistance about technical issues regarding digital communication.

When the shareholders’ meeting is convened via video conferencing, the chairperson should, at the time of announcing the beginning of the meeting, announce that except for the matters that may not cause the meeting to be postponed or continued later as specified in Article 44-20 (2) of Regulations Governing the Administration of Shareholder Service of Public Companies, when any natural disasters, accidents, or other unavoidable conditions cause the video conferencing platform or the channel for connecting to the platform to malfunction for over 30 minutes, the meeting should be postponed or continued within five days after the meeting. Regulations in Article 182 of Company Laws shall not apply to the situation.

Shareholders who did not register to attend the original shareholders’ meeting are not allowed to attend the aforementioned postponed or continued meeting.

For the postponed or continued meeting convened according to paragraph 2,

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shareholders who have registered and checked in for the original shareholders' meeting convened via video conferencing but fail to attend the postponed or continued meeting shall see their number of shares and the voting right they have exercised in the original meeting calculated in the total number of shares, total votes, and election vote rights represented by shareholders present at the postponed or continued shareholders' meeting.

During the postponed or continued shareholders' meeting convened according to provisions in paragraph 2, the agendas that have been through the voting, calculation of votes, and have the resolutions announced, or the names of elected directors or supervisors that have been announced, may not be discussed or resolved again.

When the Company convenes a physical shareholders' meeting with video conferencing as an alternative, and live stream of the meeting cannot continue as in the situations specified in paragraph 2, if the total number of shares represented by shareholder present at the meeting with the shares represented by shareholders who attend via video conferencing deducted, the total number of shares can still reach the legal threshold for the shareholders' meeting to be effective, the shareholders' meeting shall continue; there is no need to postpone or continue the meeting later according the provisions in paragraph 2.

When the meeting shall be continued as described in the preceding paragraph, the shares represented by the shareholders who attend the meeting via video conferencing shall be included in total number of shares represented in the meeting; yet, they are deemed to abstain the right to vote on all agendas of the meeting.

The Company shall convene the postponed meeting described in paragraph 2 according to provisions in Article 44-20 (7) of Regulations Governing the Administration of Shareholder Services of Public Companies and conduct preparation work based on the date of the original meeting and relevant provisions.

To follow the second paragraph of Article 12 and paragraph 3 of Article 13 in Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies, Article 44-5, paragraph 2, and the specified time period in Article 44-15, and Article 44-17 (1) in Regulations Governing the Administration of Shareholder Services of Public Companies, the Company shall convene the postponed or continued meeting on the date designated according to provisions in paragraph 2.

When convening a shareholders' meeting via video conferencing, the Company should provide proper alternatives to shareholders who have problem attending

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the shareholders' meeting via video conferencing. Except for the circumstances stipulated in Item 6, Article 44-9, of the Regulations Governing the Administration of Shareholder Services of Public Companies, at least shareholders shall be provided with connection equipment and necessary assistance, and the period during which shareholders may apply to the company and other relevant notices shall be specified.

Matters not stipulated in these Rules shall be handled in accordance with the provisions of the Company Law, the Articles of Association of the Company and relevant laws and regulations.
The Rules are implemented after the adoption of the resolution in the shareholders' meeting, and the same procedure applies to the amendments.

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Appendix 2

CSBC Corporation, Taiwan
Articles of Incorporation

Chapter I General Provisions

Article 1
The Company is organized in accordance with the provisions of the Company Law of the Republic of China, and is known as “CSBC Corporation, Taiwan”.

Article 2
The businesses of the Company are as follows:
(1) CA01030 Steel casting business
(2) CA02010 Metal structure and construction component manufacturing business
(3) CB01010 Machinery and equipment manufacturing business
(4) CB01030 Pollution control equipment manufacturing business
(5) CD01010 Ship and parts manufacturing business
(6) CD01030 Automobile and parts manufacturing business
(7) E599010 Piping engineering business
(8) E601010 Electrical equipment business
(9) E603120 Sandblasting engineering business
(10) E604010 Mechanical installation business
(11) E901010 Painting business
(12) EZ15010 Insulation installation works
(13) EZ99990 Other engineering business
(14) F401021 Telecommunications-control RF equipment import business
(15) I599990 Other design business
(16) J101040 Waste disposal business
(17) CD01070 Business port ship repair business
(18) G301011 Shipping business
(19) G302010 Boat operation business
(20) G402011 Sea shipping contracting business
(21) G403010 Ship rental industry
(22) G406040 Business port ship barging business
(23) G406051 Business port cargo tally business

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(24) G406061 Business port cargo ship loading and unloading contracting business
(25) G407010 Salvage business
(26) G408010 Maritime rescue business
(27) ZZ99999 Businesses not prohibited or restricted by law, in addition to the permitted businesses.

Article 3
The office of the Company is located in the Kaohsiung City. If necessary, branch offices of the Company may be established with the approval of the board of directors.

Article 4
The Company may undertake external guarantees due to business needs, and the operations shall be handled pursuant to the endorsement and guarantee related measures of the Company.

Article 5
The announcement method of the Company shall be in compliance with the provisions of Article 28 of the Company Law.

Chapter II Shares

Article 6
The company's total capital is rated at NT$200 million, which is divided into 2 billion shares, each share is NT$10, divided into issue.

Article 7
The stocks printed by the company shall be numbered and shall be comply with provisions of Article 162 of the Company Law. They shall be signed or stamped by the directors representing the company, and after obtaining the bank visa of the stock issuing visa holder in accordance with the law.

If the shares issued by the Company are not in printed form, the central depository shall be contacted for registration.

Article 8
The Company's shares are all in registered form, unless the Company issues scriptless shares. The share shall bear the real name of the shareholder. If the shareholder is the government or a legal person, the address and the real name of the shareholder or its representative shall be recorded in detail in the Company's shareholders' register. If the legal person is owned by two or more persons, one of them shall be appointed as the representative.

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Article 9 For title transfer of shares, lost shares or destroyed shares, the matter shall be handled in accordance with the Company Law and the "Criteria Governing Handling of Stock Affairs by Public Companies" promulgated by the competent authority.

Article 10 When a new share is applied for due to share division, defacement or misappropriation, the Company may charge a processing fee.

Article 11 Shareholders shall submit the specimens of their signatures or seals to the Company for registration for the purpose of collecting dividends or exercising their rights.

Article 12 Where a shareholder’s seal registered with the Company is lost, damaged or replaced, the matter as well as any other matters relating to the stock affairs of the Company shall be handled in accordance with the "Criteria Governing Handling of Stock Affairs by Public Companies" promulgated by the competent authority.

Article 13 Share title transfer shall be suspended 60 days before the date of the general shareholders’ meeting, or 30 days before the extraordinary shareholders’ meeting, or 5 days before the date on which the Company decides to distribute dividends, bonuses or other interests.

Chapter III Shareholders’ Meeting

Article 14 The shareholders' meeting includes the general shareholders' meeting and the extraordinary shareholders' meeting:

(1) The general shareholders' meeting is convened at least once a year and is held within 6 months after the end of each fiscal year.

(2) The extraordinary shareholders' meeting is convened in accordance with the law when necessary.

Article 15 The convening procedures of the shareholders' meeting shall be held by video conference or other methods announced by the central competent authority, and be handled in accordance with the provisions of the Company Law, the Securities Exchange Law and the relevant laws and regulations.

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Article 16

Unless otherwise provided in the Company Law, the chairman of the board shall be the chairman of the shareholders' meeting. If the chairman of the board is on leave or for any reason unable to exercise his or her duties, the chairman of the board shall appoint a director as the agent. If the chairman of the board does not make an appointment, the directors shall elect one of them to be the agent.

Article 17

For the passing of a resolution in a shareholders' meeting, unless otherwise provided in the Company Law, the shareholders' meeting shall be attended by more than half of the shareholders, and the resolution shall be approved by more than half of the attending shareholders before its implementation.

Article 18

Each share of the shareholder has one voting right, but the shareholder with any of the circumstances in Paragraph 2 of Article 179 of the Company Law shall have no voting rights.

Article 19

When a shareholder is unable to attend the shareholders' meeting for any reason, he/she shall handle the matter in accordance with the provisions of the Rules Governing the Use of Proxies for Attendance at Shareholder Meetings promulgated by the competent authority.

Article 20

The shareholders' meeting shall be handled in accordance with the rules of procedure of the shareholders' meeting of the Company.

The resolutions of the shareholders' meeting shall be recorded in the meeting minutes which shall be signed or sealed by the chairman and distributed to the shareholders within 20 days after the meeting. The meeting minutes together with the shareholders' sign-in register and the power of attorneys shall be kept at the Company.

The aforesaid meeting minutes may be produced electronically. The aforesaid meeting minutes may be distributed by way of a public announcement.

Chapter IV Directors and Audit Committee

Article 21

The Company has 10 to 15 seats of directors, and the candidates shall be nominated by the shareholders from the list of candidates.

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The term of directors shall not exceed three years, but directors may be re-elected.

According to the provisions of Article 14.2 of the Securities Exchange Law, at least three among the aforesaid directors of the Company shall be independent directors. The professional qualifications, shareholdings, part-time job restrictions, determination of independence and method of nomination of the independent directors and other matters to be followed shall be handled in accordance with the relevant securities management laws and regulations.

Independent directors and non-independent directors shall be nominated separately. The election shall be held jointly, but the seats shall be calculated separately.

The minimum shareholding ratio of all the directors of the Company shall be in compliance with the relevant securities management laws and regulations.

In order to diversify the risk of directors' liabilities, the Company shall, within their term of office, purchase liability insurance for them in respect of their business scopes for the liabilities they shall bear in accordance with the law.

Article 22
The remuneration of the directors of the Company is entrusted to the board of directors to determine, with the consideration of the value of their participation in the Company's operation, their contribution and the remuneration of the directors of peer companies.

Other benefits may be granted to the chairman of the board in accordance with the relevant provisions concerning the remuneration of practitioners in the business.

Article 23
For a shortfall of one-third of the directors' seats, an extraordinary shareholders' meeting shall be held in accordance with the provisions of the Company Law for an election of the directors.

In the event of a vacancy of a director from the government or a legal person, the government or the legal person shall appoint another representative to make up the original term.

Article 24
The authority of the board of directors is as follows:

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Approving the Company's business plan.
Approving the Company's financial statements.
Establishing or amending the internal control system in accordance with the provisions of Article 14.1 of the Securities Exchange Law.
Establishing or amending the procedures for major financial activities such as the acquisition or disposal of assets, engagement in derivative transactions, loans to others and endorsements or guarantees according to the provisions of Article 36.1 of the Securities Exchange Law.
Fund raising, issuing or private fund raising of securities with the nature of equity.
Hiring and dismissal of financial, accounting or internal audit managers.
Donations to related parties or significant donations to non-related parties. Public welfare donations due to major natural disasters may be recognized in the next board meeting.
Issues which shall be decided in the shareholders' meeting or proposed in the board meeting, or major issues specified by the competent authority as stipulated in Article 14.3 of the Securities Exchange Law and other laws or regulations.

Article 25

The Company has set up the Audit Committee in accordance with the provisions of Article 14.4 of the Securities Exchange Law. The Audit Committee’s responsibilities, organization rules and other matters to be followed shall be handled in accordance with the provisions of the Company Law, the Securities Exchange Law, other relevant laws and regulations and the rules and regulations of the Company.

Article 26

For the setup of the board of directors, more than two-thirds of the directors shall be present at the meeting and the consent of the majority of the attending directors shall be obtained. A chairman shall be elected among the directors to perform all the affairs of the Company in accordance with the decrees, articles of association, and the resolutions of the shareholders' meeting and the board meeting. The chairman of the board internally is

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the chairman of the shareholders' meeting and the board meeting, and externally represents the Company.

If the board meeting is conducted via video, the directors shall be deemed to be present in person via video.

Article 27

Except that the first board meeting of each term of directors shall be convened by the director with votes representing the most voting rights or in accordance with the provisions of the Company Law, the other board meetings shall be convened by the chairman of the board. The notice of the board meeting shall state the date, venue and cause of the meeting, and the directors and supervisors shall be notified in writing or electronically 7 days ago. In case of an emergency, a board meeting may be convened at any time. If the meeting notice is to be sent by electronic means, it is subject to the consent of the counterparties.

Article 28

The chairman is also the chairman of the board. If the chairman of the board can not perform his/her duty for any reason, he/she shall appoint one of the directors to act as the agent. If the chairman does not make the appointment, then the directors shall elect one of them to be the agent.

Article 29

For the passing of a resolution in a board meeting, except as otherwise provided in the Company Law, the board meeting shall be attended by more than half of the directors, and the resolution shall be approved by more than half of the attending directors before its implementation.

Article 30

The director may, pursuant to Article 205 of the Company Law, issue a power of attorney and list the scope of authorization to appoint another director to attend the board meeting. The appointed director may exercise the voting rights within the scope of authorization, but each director may accept the authorization of one person only. A director living abroad may appoint another director in writing to attend the board meeting on a regular basis.

Chapter V Human Resources

Article 31

The Company has one general manager and several managers. The appointment, dismissal and remuneration of the managers

shall be handled in accordance with the provisions of Article 29 of the Company Law.

Article 32
The general manager shall handle the affairs of the Company under the supervision of the board of directors. The managers shall assist the general manager in the duties of the general manager, and shall have the right to sign on behalf of the Company within the scope of the approved regulations or written authorization of the general manager.

Article 33
The general manager may hire other employees required by the Company within the number of employees approved by the board of directors.

Chapter VI Financial Statements

Article 34
At the end of each accounting year of the Company, the following documents shall be prepared by the board of directors for delivery to the audit committee 30 days before the general shareholders’ meeting for review and then submission to the shareholders’ meeting for recognition:

The business report
The financial statements
The motion concerning earnings distribution or loss make-up

Article 35
If the company makes a profit in a given year, it shall allocate no less than 1% and no more than 5% to employee compensation, of which no less than 30% of the total employee compensation shall be for junior staff, and employee compensation may be in the form of stock or cash; and no more than 1% shall be for directors’ compensation. However, if the company has accumulated losses, it shall reserve funds in advance to cover them.

The profit for the current year in the first paragraph refers to the pre-tax profit for the current year before the deduction of the employee bonus and the directors’ remuneration.

For the distribution of the employee bonus and the directors’ remuneration, the board meeting shall be attended by more than two-thirds of the directors, and the resolution shall be approved by more than half of the attending directors. The payment shall be made in one go.

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Article 35.1

If there is a surplus after the current year's accounts, the Company shall first pay the business income tax according to law and make up for the accumulated loss in the previous years. If there is a balance, the Company shall appropriate 10% of it as the statutory surplus reserve. However, if the statutory surplus reserve has reached the total amount of paid-in capital, then this requirement does not apply. A special surplus reserve shall then be appropriated according to Article 41 of the Securities Exchange Law. If there is still a balance, the board of directors shall draft a distribution proposal for the resolution of the shareholders' meeting and the distribution afterwards.

The Board of Directors may distribute all or part of the dividends and bonuses, capital surplus or legal reserve in cash, on condition that more than 2/3 of the Board have attended the meeting and more than half of the attendees approved, and a report shall be submitted to the shareholder's meeting. Resolution via shareholder's meeting as mentioned in the preceding paragraph shall not apply.

In accordance with the Company's operating environment, growth, future capital needs and long-term financial planning, as well as to meet the shareholders' cash needs, the Company may appropriate more than 10% of the aforesaid distributable earnings as cash and stock dividend. The proportion of cash dividend shall not be less than 10% of the total dividend.

Chapter VII Supplementary Provisions

Article 36

The Company's organization rules and important rules of business dealing, and the division of responsibilities among the board of directors, the chairman of the board and the general manager shall be approved by the board of directors. The details of the duties of the management department shall be approved by the general manager.

Article 37

If the Company revokes its public offering in future, it shall propose the resolution to the shareholders' meeting and shall not change the provisions during the listing period.

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Article 38

Matters not stipulated in the Articles of Association shall be handled in accordance with the provisions of the Company Law and other relevant laws and regulations.

Article 39
The Articles of Association were established on July 27, 1973.

No.	Amendment date	Remarks
1	February 16, 1974	Passed in the 1974 extraordinary shareholders’ meeting.
2	November 18, 1975	Passed in the 1975 extraordinary shareholders’ meeting.
3	July 16, 1976	Passed in the 1976 general shareholders’ meeting.
4	January 27, 1977	Passed in the 1977 general shareholders’ meeting.
5	December 20, 1977	Passed in the 1977 extraordinary shareholders’ meeting.
6	December 14, 1978	Passed in the 1978 general shareholders’ meeting.
7	December 20, 1979	Passed in the 1979 general shareholders’ meeting.
8	December 19, 1980	Passed in the 1980 general shareholders’ meeting.
9	April 9, 1982	Passed in the 1982 general shareholders’ meeting.
10	March 8, 1983	Passed in the 1983 general shareholders’ meeting.
11	December 20, 1983	Passed in the 1983 general shareholders’ meeting.
12	December 18, 1984	Passed in the 1984 general shareholders’ meeting.
13	December 17, 1985	Passed in the 1985 general shareholders’ meeting.
14	December 30, 1986	Passed in the 1986 general shareholders’ meeting.
15	October 27, 1987	Passed in the 1987 general shareholders’ meeting.
16	September 13, 1988	Passed in the 1988 general shareholders’ meeting.
17	September 29, 1989	Passed in the 1989 general shareholders’ meeting.
18	May 29, 1990	Passed in the first 1990 extraordinary shareholders’ meeting.
19	December 10, 1990	Passed in the 1990 general shareholders’ meeting.
20	April 24, 1992	Passed in the 1991 general shareholders’ meeting.
21	November 5, 1992	Passed in the 1992 general shareholders’ meeting.
22	February 11, 1993	Passed in the 1992 extraordinary shareholders’ meeting.

23	October 27, 1995	Passed in the 1995 general shareholders’ meeting.
24	December 27, 1995	Passed in the second 1995 extraordinary shareholders’ meeting.
25	September 20, 1996	Passed in the 1996 general shareholders’ meeting.
26	September 30, 1997	Passed in the 1997 general shareholders’ meeting.
27	March 25, 1998	Passed in the first 1998 extraordinary shareholders’ meeting.
28	June 15, 2000	Passed in the first 2000 extraordinary shareholders’ meeting.
29	June 8, 2001	Passed in the 2001 general shareholders’ meeting.
30	June 14, 2002	Passed in the 2002 general shareholders’ meeting.
31	December 9, 2002	Passed in the first 2002 extraordinary shareholders’ meeting.
32	December 9, 2002	Passed in the first 2002 extraordinary shareholders’ meeting.
33	June 23, 2003	Passed in the 2003 general shareholders’ meeting.
34	June 23, 2003	Passed in the 2003 general shareholders’ meeting.
35	September 5, 2003	Passed in the first 2003 extraordinary shareholders’ meeting.
36	September 5, 2003	Passed in the first 2003 extraordinary shareholders’ meeting.
37	November 28, 2003	Passed in the second 2003 extraordinary shareholders’ meeting.
38	November 28, 2003	Passed in the second 2003 extraordinary shareholders’ meeting.
39	June 16, 2006	Passed in the 2006 general shareholders’ meeting.
40	March 1, 2007	Passed in the first 2007 extraordinary shareholders’ meeting.
41	December 14, 2007	Passed in the second 2007 extraordinary shareholders’ meeting.
42	March 24, 2008	Passed in the first 2008 extraordinary shareholders’ meeting.
43	February 13, 2009	Passed in the first 2009 extraordinary shareholders’ meeting.
44	June 23, 2009	Passed in the 2009 general shareholders’ meeting.
45	June 13, 2012	Passed in the 2012 general shareholders’ meeting.
46	June 26, 2013	Passed in the 2013 general shareholders’ meeting.
47	June 26, 2014	Passed in the 2014 general shareholders’ meeting.

48	June 23, 2016	Passed in the 2016 general shareholders’ meeting.
49	June 26, 2019	Passed in the 2019 general shareholders’ meeting.
50	June 17, 2020	Passed in the 2020 general shareholders’ meeting.
51	June 22, 2022	Passed in the 2022 general shareholders’ meeting.
52	June 28, 2023	Passed in the 2023 general shareholders’ meeting.
53	June 25, 2025	Passed in the 2025 general shareholders’ meeting.

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Appendix 3

Regulations for the Election of Directors of CSBC Corp., Taiwan

Adopted at the first special shareholders' meeting of 2008 on March 24, 2008
Adopted at the regular shareholders' meeting of 2014 on June 26, 2014
Adopted at the regular shareholders' meeting of 2015 on June 29, 2015

Article 1 Unless otherwise provided by laws, regulations or the Articles of Incorporation, the directors of the Company shall be elected in accordance with the Regulations.

Article 2 The Company shall adopt the candidates nomination system set forth in Article 192-1 of the Company Act for the election of its directors.

The single, open-ballot, cumulative voting method shall be employed for the election of directors of the Company. The number of voting rights per share is equal to the number of directors to be elected. Shareholders may exercise all of their voting rights for one candidate or divide them up between candidates.

Article 3 Independent directors shall comply with the qualification requirements set forth in Articles 2, 3 and 4 of the Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies.

The election of independent directors shall conform to Articles 5, 6, 7, 8 and 9 of the Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies, and shall be conducted in accordance with Article 24 of the Corporate Governance Best Practice Principles for TWSE/GTSM Listed Companies.

Article 4 The board of directors shall prepare ballots in numbers equal to the directors to be elected and specify the number of voting rights on each of the ballots before distributing them to the shareholders attending the shareholders' meeting.

The attendance card numbers printed on the ballots may be used

instead of the names of voters.

Article 5 Independent and non-independent directors shall be elected at the same time, but the numbers of independent and non-independent directors elected shall be calculated separately.

The voting rights for independent and non-independent director positions shall be calculated separately according to the number of directors of the Company as specified in the Articles of Incorporation. Those receiving votes that represent most voting rights will be elected in the sequence of the number of voting rights. When two or more candidates receive the same number of voting rights, thus exceeding the specified quota, they shall draw lots to determine the winner. The chair shall draw lots on behalf of any candidate who is not present.

Article 6 Prior to the election, the chair shall appoint a number of people with shareholder status to perform various duties of vote monitoring and counting personnel.

Article 7 The ballot boxes for the election of directors shall be prepared by the board of directors and publicly examined by the vote monitoring personnel before the vote commences.

Article 8 If a candidate is a shareholder, voters shall indicate the candidate's account name and shareholder account number or identification number in the "candidate" column on the ballot. If the candidate is a non-shareholder, his/her name and identification number shall be provided. However, if the candidate is a government agency or corporate shareholder, the name of the government agency or corporate shareholder, or the names of both the government agency or corporate shareholder and its representative, shall be indicated in the "candidate's account name" column on the ballot. When there are more than one representative, the name of each representative shall be provided.

Article 9 A ballot is invalid under any of the following circumstances:

(1) The ballot used does not conform to the provisions of the

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Regulations;

(2) A blank ballot is placed in the ballot box;
(3) The writing is unclear and illegible or has been altered;
(4) The candidate whose name is indicated on the ballot is a shareholder, but his/her account name and shareholder account number do not conform to those provided in the shareholder register, or the candidate whose name is indicated on the ballot is a non-shareholder, and a cross-check shows that his/her name and identification number do not match;
(5) Words other than the candidate's account name (or name) or shareholder account number (or identification number) and the number of voting rights allotted are written on the ballot;
(6) The candidate's account name (or name) or shareholder account number (or identification number) is not indicated on the ballot;
(7) Two or more candidates are indicated on the same ballot;
(8) The name of the candidate indicated on the ballot is identical to that of another shareholder, but no shareholder account number or identification number is provided to identify the candidate.

Article 10 The voting rights shall be calculated at the site immediately after the end of the vote, and the results of the calculation, including the list of elected directors, shall be announced by the chair at the site.

Article 11 The board of directors of the Company shall issue a notification for winning candidates to each elected director.

Article 12 The Regulations shall come into effect upon approval at a shareholders' meeting. The same procedure shall also apply to any amendment thereto.

This English version is a translation of the Regulations for the Election of Directors in Chinese. In case of any discrepancy, the Chinese version shall prevail.

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Appendix 4

The Impact of Stock Dividend Issuance on Business Performance, EPS, and Shareholder Return Rate

The Company has no right of distribution and does not apply.

Appendix 5

Shareholding of Directors
(Shareholding number of all directors, date as of April 27 2026)

Title	Name or Legal person name	Shareholder no. or Identification number	Number of shares held	Shareholding ratio
Chairman	Ministry of Economic Affairs Representative: CHEN JENG-HORNG	1	105,070,366	8.24%
Director	Ministry of Economic Affairs Representative: LAI,CHIEN-HSIN	1	105,070,366	8.24%
Director	Ministry of Economic Affairs Representative: JHANG,YI-DE	1	105,070,366	8.24%
Director	Ministry of National Development Fund, Executive Yuan: WU,WEN-KUEI	174964	213,046,523	16.72%
Director	Ministry of National Development Fund, Executive Yuan: WANG, CHAU-CHANG	174964	213,046,523	16.72%
Director	Ministry of National Development Fund, Executive Yuan: MAO, ZHEN-TAI	174964	213,046,523	16.72%
Director	Yao-Hwa Glass Co.,Ltd Management Commission	174963	103,614,396	8.13%
Independent Director	CHEN LI-HSUI	K220***	0	0.00%
Independent Director	CHIOU WEN-TSONG	E121***	0	0.00%
Independent Director	SONG MENG-YANG	K122***	0	0.00%
Total number of shares held			421,731,285	33.09%

Note:1. The Company's paid-up capital of NT $ 12,745,394,490 and issued shares of 1,274,539,449.
2. In accordance with the provisions of Article 26 of the Securities Exchange Act, all directors of the Company shall have a minimum of 30,588,947 shares.

Appendix 6

Other explanations:

The shareholders meeting, shareholder proposal processing instructions:

According to Article 172-1 of the Company Act, shareholders holding 1% or more of the total number of outstanding shares of the company may propose to the company a proposal for discussion at a regular shareholders’ meeting in writing or by the way of electronic transmission, provided that only one matter shall be allowed in each single proposal, however, a shareholder proposal proposed for urging the company to promote public interests or fulfill its social responsibilities may still be included in the list of proposals to be discussed at a regular meeting of shareholders by the board of directors, and the number of words of a proposal to be submitted by a shareholder shall be limited to not more than 300 words.
The Company shareholders' meeting will accept the application for shareholders, the period is 2026/4/17 to 2026/4/27, and has been published in accordance with the law at the Public information observatory
No shareholder's proposal was received before the proposal deadline

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AI assistant

CSBC — AGM Information 2026

51982_rns_2026-05-25_11a86209-1f87-4364-92bc-0af62138f44d.pdf

CSBC CORPORATION, TAIWAN

Table of Contents

ANNEX

Appendix

Management Presentations

Report No. 1

Report No. 2

Report No. 3

Report No. 4

Explanation:

Proposals

Discussion

Proposed by the Board

1. Proposal:

Explanation:

Resolution:

Elections

Proposed by the Board

Proposal:

Explanation:

Resolution:

Questions and Motions

ANNEX

Annex 1

CSBC Corporation Taiwan 2025 Business Report

2. Business status in 2025

(1) Consolidated financial analysis

(2) Overview of outstanding orders

I. Business orders in hand

II. Fulfilled Orders

3. Summary of business outlook for 2026

Annex 2

Audit Committee's Review report

INDEPENDENT AUDITORS’ REPORT TRANSLATED FROM CHINESE

Opinion

Basis for opinion

Key audit matters

Accounting estimates and assumptions for total cost of construction contracts

Description

How our audit addressed the matter

Responsibilities of management and those charged with governance for the parent company only financial statements

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

CSBC CORPORATION, TAIWAN

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

CSBC CORPORATION, TAIWAN

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

CSBC CORPORATION, TAIWAN

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

Opinion

Basis for opinion

Key audit matters

Accounting estimates and assumptions for total cost of construction contracts

Description

How our audit addressed the matter

Other matter – Parent company only financial reports

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

Auditors’ responsibilities for the audit of the consolidated financial statements

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2025 AND 2024

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2025 AND 2024

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

CSBC CORPORATION, TAIWAN AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

CSBC AGM Information 2026