CSC - Audit Report / Information 2023

China Steel Corporation

Standalone Financial Statements for the Years Ended December 31, 2023 and 2022 and Independent Auditors’ Report

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INDEPENDENT AUDITORS’ REPORT

China Steel Corporation

Opinion

We have audited the accompanying standalone financial statements of China Steel Corporation (the “Corporation”), which comprise the standalone balance sheets as of December 31, 2023 and 2022, the standalone statements of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the standalone financial statements, including a summary of significant accounting policies (collectively referred to as the “standalone financial statements”).

In our opinion, the accompanying standalone financial statements present fairly, in all material respects, the standalone financial position of the Corporation as of December 31, 2023 and 2022, its standalone financial performance and its standalone 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 Standalone Financial Statements section of our report. We are independent of the Corporation in accordance with The Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the standalone financial statements for the year ended December 31, 2023. These matters were addressed in the context of our audit of the standalone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Key audit matters of the Corporation’s standalone financial statements for the year ended December 31, 2023 are stated as follows:

Recognition of Revenue from Sale of Goods of Steel Department

The Corporation manufactures and sells steel products and engages in mechanical, communications, and electrical engineering. Revenue from sale of goods of steel department represented over 90% of the total operating revenue. Revenue recognition is presumed to be significant risk as revenue is subject to fluctuation in terms of market demand and it is the main focus of the users of financial report; therefore, revenue recognition was deemed to be a key audit matter. Refer to Notes 4 and 23 to the Corporation’s standalone financial statements for the related accounting policies and disclosures on sales revenue.

Our audit procedures performed included the following:

We understood the design and implementation of the procedures regarding approval of sales order, shipping and cash collection process of the Corporation’s steel department.
We evaluated the appropriateness of the recorded sales amounts by checking the nature, quantities, unit price, sales to major customers and sales of major goods of the Corporation’s steel department sales; we also reviewed comparative information of a two-year period.
We verified the occurrence and validity of the specific customers by confirming the customer information, the correctness on the shipping documents or bill of lading and cash collection receipts.
We obtained subsequent details of the abovementioned specific customers and checked whether there were any material and unusual sales returns and allowances and confirmed the appropriateness of accounting treatment and presentation.

Responsibilities of Management and Those Charged with Governance for the Standalone Financial Statements

Management is responsible for the preparation and fair presentation of the standalone 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 the Corporation’s financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, management is responsible for assessing the Corporation’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 Corporation or to cease operations, or has no realistic alternative but to do so.

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

Auditors’ Responsibilities for the Audit of the Standalone Financial Statements

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

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

Identify and assess the risks of material misstatement of the standalone 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 Corporation’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
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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 Corporation’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 standalone 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 Corporation to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial statements, including the disclosures, and whether the standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient and appropriate audit evidence regarding the financial information of entities or business activities within the Corporation to express an opinion on the standalone 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 standalone financial statements for the year ended December 31, 2023 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.

The engagement partners on the audits resulting in this independent auditors’ report are Jui-Hsuan Hsu and Jr-Shian Ke.

Deloitte & Touche Taipei, Taiwan Republic of China

February 29, 2024

Notice to Readers

The accompanying standalone financial statements are intended only to present the standalone financial position, financial performance and cash flows in accordance with accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit such standalone financial statements are those generally applied in the Republic of China.

For the convenience of readers, the independent auditors’ report and the accompanying standalone financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors’ report and standalone financial statements shall prevail.

China Steel Corporation

STANDALONE BALANCE SHEETS

(In Thousands of New Taiwan Dollars)

ASSETS CURRENT ASSETS Cash and cash equivalents (Notes 4 and 6) Financial assets for hedging - current (Notes 4, 9 and 28) Contract assets - current (Notes 4 and 23) Notes receivable (Notes 4 and 10) Accounts receivable, net (Notes 4 and 10) Accounts receivable - related parties (Notes 4, 10 and 29) Other receivables Other receivables - loans to related parties (Note 29) Current tax assets Inventories (Notes 4, 5 and 11) Other financial assets - current (Notes 13 and 30) Other current assets Total current assets NONCURRENT ASSETS Financial assets at fair value through profit or loss - noncurrent (Notes 4 and 7) Financial assets at fair value through other comprehensive income - noncurrent (Notes 4, 5 and 8) Financial assets for hedging - noncurrent (Notes 4, 9 and 28) Investments accounted for using the equity method (Notes 4, 12 and 30) Property, plant and equipment (Notes 4, 14 and 29) Right-of-use assets (Notes 4 and 15) Investment properties (Notes 4 and 16) Intangible assets Deferred tax assets (Notes 4 and 25) Refundable deposits Total noncurrent assets TOTAL LIABILITIES AND EQUITY CURRENT LIABILITIES Short-term borrowings and bank overdraft (Notes 17, 29 and 30) Short-term bills payable (Note 17) Financial liabilities for hedging – current (Notes 4, 9, 17 and 28) Contract liabilities – current (Notes 4 and 23) Accounts payable Accounts payable – related parties (Note 29) Other payables (Notes 19 and 29) Current tax liabilities Provisions – current (Notes 4 and 20) Lease liabilities – current (Notes 4 and 15) Current portion of bonds payable (Note 18) Refund liabilities – current Other current liabilities Total current liabilities NONCURRENT LIABILITIES Financial liabilities for hedging – noncurrent (Notes 4, 9, 17 and 28) Bonds payable (Note 18) Long-term bank borrowings (Note 17) Long-term bills payable (Note 17) Deferred tax liabilities (Notes 4 and 25) Lease liabilities – noncurrent (Notes 4 and 15) Net defined benefit liabilities (Note 21) Total noncurrent liabilities Total liabilities EQUITY (Notes 4 and 22) Share capital Ordinary shares Preference shares Total share capital Capital surplus Retained earnings Legal reserve Special reserve Unappropriated earnings Total retained earnings Other equity Treasury shares Total equity TOTAL		December 31, 2023		December 31, 2022
		Amount % $ 1,761,956 - 3,271,645 1 621,028 - 505,960 - 1,739,257 - 1,080,698 - 1,746,724 - 4,500,000 1 51,255 - 62,085,674 13 6,006,067 2 994,644 - 84,364,908 17 658,398 - 42,500,958 9 14,207 - 185,908,051 40 147,681,864 31 1,004,907 - 7,292,007 2 107 - 2,697,266 1 169,182 - 387,926,947 83 $ 472,291,855 100 $ 15,569,648 3 36,528,507 8 - - 1,099,953 - 5,671,295 1 929,631 - 11,974,448 3 316 - 4,018,876 1 309,201 - 8,336,585 2 1,452,514 - 486,188 - 86,377,162 18 978,033 - 42,538,962 9 5,500,000 1 13,984,428 3 12,190,455 3 688,449 - 4,267,876 1 80,148,203 17 166,525,365 35 157,348,610 33 382,680 - 157,731,290 33 40,688,818 9 74,683,304 16 26,913,635 6 19,642,513 4 121,239,452 26 (1,498,330) - (12,394,740) (3) 305,766,490 65 $ 472,291,855 100		Amount % $ 3,900,823 1 1,044,981 - 839,682 - 627,670 - 2,670,527 1 910,033 - 2,133,633 1 5,960,000 1 7,675 - 67,110,255 14 5,950,000 1 1,187,304 - 92,342,583 19 712,241 - 39,490,069 8 59,177 - 189,718,151 40 144,919,933 30 1,173,620 - 7,316,012 2 - - 2,948,391 1 442,230 - 386,779,824 81 $ 479,122,407 100 $ 25,365,690 5 13,476,961 3 1,242 - 1,452,353 - 4,468,055 1 954,646 - 15,931,393 3 2,135,370 - 2,990,709 1 353,725 - 8,349,635 2 2,275,656 1 406,548 - 78,161,983 16 1,046,139 - 39,880,933 8 11,500,000 3 11,495,715 2 11,992,858 3 820,848 - 4,321,704 1 81,058,197 17 159,220,180 33 157,348,610 33 382,680 - 157,731,290 33 40,275,115 9 72,765,975 15 26,914,657 6 35,708,731 7 135,389,363 28 (4,844,120) (1) (8,649,421) (2) 319,902,227 67 $ 479,122,407 100

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

China Steel Corporation

STANDALONE STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

OPERATING REVENUES (Notes 4, 23 and 29) OPERATING COSTS (Notes 11 and 29) GROSS PROFIT REALIZED (UNREALIZED) GAIN ON TRANSACTIONS WITH SUBSIDIARIES AND ASSOCIATES REALIZED GROSS PROFIT OPERATING EXPENSES Selling and marketing expenses General and administrative expenses Research and development expenses Total operating expenses PROFIT (LOSS) FROM OPERATIONS NON-OPERATING INCOME AND EXPENSES Interest income (Notes 24 and 29) Other income (Notes 24 and 29) Other gains and losses (Notes 24 and 29) Finance costs (Notes 24 and 29) Share of profit or loss of subsidiaries and associates Total non-operating income and expenses PROFIT BEFORE INCOME TAX INCOME TAX EXPENSE (Notes 4 and 25) NET PROFIT FOR THE YEAR OTHER COMPREHENSIVE INCOME (Notes 4, 22 and 25) Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plans		For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 Amount % $ 197,149,158 100 190,093,873 96 7,055,285 4 (34,951) - 7,020,334 4 2,499,891 1 2,725,903 2 2,033,249 1 7,259,043 4 (238,709) - 258,627 - 1,343,660 1 80,023 - (1,394,276) (1) 2,057,901 1 2,345,935 1 2,107,226 1 425,547 - 1,681,679 1 (50,635) -		2022
				Amount % $ 250,600,629 100 232,344,138 93 18,256,491 7 583,055 - 18,839,546 7 2,693,404 1 3,116,084 1 2,148,436 1 7,957,924 3 10,881,622 4 167,477 - 1,893,385 1 199,705 - (996,693) - 8,221,073 3 9,484,947 4 20,366,569 8 2,582,794 1 17,783,775 7 1,292,493 1 (Continued)

China Steel Corporation

STANDALONE STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

Unrealized gains and losses on investments in equity instruments at fair value through other comprehensive income Gains and losses on hedging instruments Share of the other comprehensive income of subsidiaries and associates Income tax benefit (expense) relating to items that will not be reclassified subsequently to profit or loss Items that may be reclassified subsequently to profit or loss Exchange differences on translating foreign operations Share of the other comprehensive income of subsidiaries and associates Other comprehensive income for the year, net of income tax TOTAL COMPREHENSIVE INCOME FOR THE YEAR EARNINGS PER SHARE (Note 26) Basic Diluted		For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 Amount % $ 3,010,889 2 (189,919) - 610,561 - 51,801 - 45,795 - (33,218) - 3,445,274 2 $ 5,126,953 3 $ 0.11 $ 0.11		2022
				Amount % $ 238,791 - 224,031 - (3,293,217) (1) (301,338) - 2,256,946 1 601,370 - 1,019,076 1 $ 18,802,851 8 $ 1.15 $ 1.15

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

(Concluded)

China Steel Corporation

STANDALONE STATEMENTS OF CHANGES IN EQUITY (In Thousands of New Taiwan Dollars, Except Dividends Per Share)

Share Ca		Retained Earnings				Other Eq	uity
				F	Exchange Differences on Translating oreign Operations $ (9,167,082) - - - - - - 2,858,316 2,858,316 - - - - (6,308,766) - - - - - 12,577 12,577 - - - - - $ (6,296,189)	Unrealized Gains and Losses on Financial Assets at Fair Value Through Other Comprehensive Income $ 951,977 - - - - - - (4,051,776) (4,051,776) - - 52,903 - (3,046,896) - - - - - 3,550,681 3,550,681 - - - (229,803) - $ 273,982	Gains and Losses on Hedging Instruments $ 3,809,153 - - - - - - 702,389 702,389 - - - - 4,511,542 - - - - - 12,335 12,335 - - - - - $ 4,523,877
	Legal Reserve $ 66,611,343 6,154,632 - - - - - - - - - - - 72,765,975 1,917,329 - - - - - - - - - - - $ 74,683,304	Special Reserve $ 27,639,574 - (723,473) - - (1,444) - - - - - - - 26,914,657 - - - (1,022) - - - - - - - - $ 26,913,635	Unappropriated Earnings $ 70,863,295 (6,154,632) 723,473 (48,778,069) (118,631) 1,444 17,783,775 1,510,147 19,293,922 - - (52,903) (69,168) 35,708,731 (1,917,329) (15,734,861) (53,575) 1,022 1,681,679 (130,319) 1,551,360 - - - 229,803 (142,638) $ 19,642,513
Ordinary Shares $ 157,348,610 - - - - - - - - - - - - 157,348,610 - - - - - - - - - - - - $ 157,348,610

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

China Steel Corporation

STANDALONE STATEMENTS OF CASH FLOWS (In Thousands of New Taiwan Dollars)

CASH FLOWS FROM OPERATING ACTIVITIES Profit before income tax Adjustments for: Depreciation expense Amortization expense Net loss (gain) on financial assets at fair value through profit or loss Finance costs Interest income Dividend income Share of profit of subsidiaries and associates Loss on disposal of property, plant and equipment Gain on disposal of investments Write-down (reversal) of inventories Unrealized (realized) gain on the transactions with subsidiaries and associates Recognition (reversal) of provisions Others Changes in operating assets and liabilities Financial assets for hedging Contract assets Notes receivable Accounts receivable Accounts receivable – related parties Other receivables Inventories Other current assets Contract liabilities Accounts payable Accounts payable – related parties Other payables Provisions Other current liabilities Net defined benefit liabilities Refund liabilities Cash generated from operations Income taxes paid Net cash generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from disposal of investments accounted for using the equity method Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Acquisition of intangible assets	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 2,107,226 13,516,027 - 3,934 1,394,276 (258,627) (397,495) (2,057,901) 91,124 (15,364) (2,318,492) 34,951 1,035,741 162,127 (2,391,052) 239,237 121,710 931,270 (170,665) 400,230 7,184,772 192,660 (352,400) 1,203,240 (25,015) (2,162,108) (7,574) 79,640 (104,463) (823,142) 17,613,867 (2,103,658) 15,510,209 247,256 (17,486,149) 24 (107)	2022 $ 20,366,569 15,236,313 4,978 (7,640) 996,693 (167,477) (428,438) (8,221,073) 19,298 (28,415) 1,827,517 (583,055) (1,328,143) (110,620) (536,825) (621,077) 370,769 996,255 1,335,262 613,631 113,976 (290,547) (248,978) (1,979,703) (2,343,457) (6,186,646) - (76,024) (688,044) (1,180,908) 16,854,191 (6,933,089) 9,921,102 - (13,246,704) 45 - (Continued)

China Steel Corporation

STANDALONE STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

Decrease in refundable deposits Decrease in other receivables – loans to related parties Increase in other financial assets Interest received Dividends received from subsidiaries and associates Dividends received from others Proceeds from liquidation of subsidiaries Proceeds from the capital reduction of associates Net cash generated from (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from short-term borrowings Repayments of short-term borrowings Proceeds from short-term bills payable Repayments of short-term bills payable Proceeds from bonds payable Repayments of bonds payable Proceeds from long-term bank borrowings Repayments of long-term bank borrowings Proceeds from long-term bills payable Repayments of long-term bills payable Repayments of principal of lease liabilities Dividends paid Payments for buy-back of ordinary shares Acquisition of additional interests in subsidiaries Interest paid Proceeds from the capital reduction of subsidiaries Net cash used in financing activities NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR Reconciliation of the amounts in the standalone statements of cash flows with the equivalent items reported in the standalone balance sheets as of December 31, 2023 and 2022: Cash and cash equivalents in the standalone balance sheets Bank overdraft Cash and cash equivalents in the standalone statements of cash flows	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 273,048 1,460,000 (56,067) 254,545 6,066,860 388,256 - 105,000 (8,747,334) 45,080,000 (56,588,671) 86,651,546 (63,600,000) 11,000,000 (8,350,000) 19,500,000 (25,500,000) 11,588,713 (9,100,000) (402,333) (15,759,055) (3,564,348) (418,710) (1,712,753) 561,240 (10,614,371) (3,851,496) 885,116 $ (2,966,380) $ 1,761,956 (4,728,336) $ (2,966,380)	2022 $ 262,899 1,002,000 - 155,397 21,349,387 435,748 408,554 233,361 10,600,687 63,264,960 (49,474,183) 34,876,961 (21,400,000) - (12,350,000) 19,500,000 (9,500,000) 8,597,781 (3,000,000) (356,283) (48,872,707) - - (1,203,648) 125,720 (19,791,399) 730,390 154,726 $ 885,116 $ 3,900,823 (3,015,707) $ 885,116

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

(Concluded)

NOTES TO STANDALONE FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

China Steel Corporation

1. GENERAL INFORMATION

China Steel Corporation (the “Corporation”) was incorporated on December 3, 1971. It manufactures and sells steel products and engages in mechanical, communications, and electrical engineering.

The shares of the Corporation have been listed on the Taiwan Stock Exchange since December 1974. As of December 31, 2023, the Ministry of Economic Affairs (MOEA), Republic of China owned 20% of the Corporation’s issued shares.

The standalone financial statements are presented in the Corporation’s functional currency, the New Taiwan dollars.

2. APPROVAL OF FINANCIAL STATEMENTS

The standalone financial statements were approved by the Corporation’s board of directors and authorized for issue on February 29, 2024.

3. APPLICATION OF NEW , AMENDED REVISED STANDARDS AND INTERPRETATIONS

a. Initial application of the amendments to the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) (collectively, the “IFRS Accounting Standards”) endorsed and issued into effect by the Financial Supervisory Commission (FSC)

The initial application of the IFRS Accounting Standards endorsed and issued into effect by the FSC did not have material impact on the Corporation’s accounting policies.

b. The IFRS Accounting Standards endorsed by the FSC for application starting from 2024

New, Amended and Revised Standards and Interpretations Amendments to IFRS 16 “Leases Liability in a Sale and Leaseback” Amendments to IAS 1 “Classification of Liabilities as Current or Non-current” Amendments to IAS 1 “Non-current Liabilities with Covenants” Amendments to IAS 7 and IFRS 7 “Supplier Finance Arrangements”	Effective Date Announced by IASB (Note1)
	January 1, 2024 (Note 2) January 1, 2024 January 1, 2024 January 1, 2024 (Note 3)

Note 1: Unless stated otherwise, the above IFRS Accounting Standards are effective for annual reporting periods beginning on or after their respective effective dates.
Note 2: A seller-lessee shall apply the Amendments to IFRS 16 retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 16.
Note 3: The amendments provide some transition relief regarding disclosure requirements.
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As of the date the standalone financial statements were authorized by the board of director for issue, the Corporation has assessed that the application of other standards and interpretations will not have a material impact on the Corporation’s financial position and financial performance.

c. The IFRS Accounting Standards in issue but not yet endorsed and issued into effect by the FSC

New, Amended and Revised Standards and Interpretations Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets between An Investor and Its Associate or Joint Venture” IFRS 17 “Insurance Contracts” Amendments to IFRS 17 Amendments to IFRS 17 “Initial Application of IFRS 17 and IFRS 9 – Comparative Information” Amendments to IAS 21 “Lack of Exchangeability”	Effective Date Announced by IASB (Note 1)
	To be determined by IASB January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2025 (Note 2)

Note 1: Unless stated otherwise, the above IFRS Accounting Standards are effective for annual reporting periods beginning on or after their respective effective dates.
Note 2: An entity shall apply those amendments for annual reporting periods beginning on or after January 1, 2025. Upon initial application of the amendments, the entity recognizes any effect as an adjustment to the opening balance of retained earnings. When the entity uses a presentation currency other than its functional currency, it shall, at the date of initial application, recognize any effect as an adjustment to the cumulative amount of translation differences in equity.

As of the date the standalone financial statements were authorized by the board of director for issue, the Corporation is continuously assessing the possible impact that the application of other standards and interpretations will have on the Corporation’s financial position and financial performance and will disclose the relevant impact when the assessment is completed.

d. Presentation reclassification

The management of the Corporation considers that the restrictions on the use of repatriated funds in accordance with the Management, Utilization, and Taxation of Repatriated Offshore Funds Act have not changed the nature of the deposit as the Corporation can access those amounts on demand. It is more appropriate to present the deposits in the account as cash and cash equivalents; therefore, this has changed the presentation of the standalone balance sheets and standalone statements of cash flows in 2023. The other financial assets were reclassified to cash and cash equivalents with a carrying amount of $26,480 thousand, $339,568 thousand and $731,289 thousand on December 31, 2023, December 31, 2022 and January 1, 2022. The impact on cash flows for the year ended December 31, 2022 was as follows:

	Adjustments
Net cash used in investing activities	$ (391,721)
Net increase in cash and cash equivalents	(391,721)

4. SUMMARY OF MATERIAL ACCOUNTING POLICY INFORMATION

For readers’ convenience, the accompanying standalone financial statements have been translated into English from the original Chinese version prepared and used in the ROC. If inconsistencies arise between the English version and the Chinese version or if differences arise in the interpretations between the two

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versions, the Chinese version of the financial statements shall prevail. However, the accompanying standalone financial statements do not include English translation of the additional footnote disclosures that are not required under generally accepted accounting principles but are required by the Securities and Futures Bureau for their oversight purposes.

A. Statement of compliance

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

b. Basis of preparation

The standalone financial statements have been prepared on the historical cost basis except for financial instruments that are measured at fair value and net defined benefit liabilities which are measured at the present value of the defined benefit obligation less the fair value of plan assets.

The fair value measurements are grouped into Levels 1 to 3 based on the degree to which the fair value measurement inputs are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows:

1) Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;
2) Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and
3) Level 3 inputs are unobservable inputs for the asset or liability.

The subsidiaries and associates are incorporated in the standalone financial statements under the equity method. To make net profit for the year, other comprehensive income and equity in the standalone financial statements equal to those attributed to owners of the Corporation on consolidated financial statements, the effect of the differences between basis of standalone and basis of consolidation are adjusted in the investments accounted for using equity method, the related share of the profit or loss, the related share of other comprehensive income of subsidiaries and associates and related equity.

c. Classification of current and noncurrent assets and liabilities

Current assets include:

1) Assets held primarily for the purpose of trading;
2) Assets expected to be realized within twelve months after the reporting period; and
3) Cash and cash equivalents unless the asset is restricted from being used for an exchange or used to settle a liability for more than twelve months after the reporting period.

Current liabilities include:

1) Liabilities held primarily for the purpose of trading;
2) Liabilities expected to be settled within twelve months after the reporting period, even if an agreement to refinance, or to reschedule payments, on a long-term basis is completed after the reporting period and before the standalone financial statements are authorized for issue; and
3) Liabilities for which the Corporation does not have an unconditional right to defer settlement for at least 12 months after the reporting period.
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Assets and liabilities that are not classified as abovementioned are classified as noncurrent.

d. Foreign currencies

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

At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the closing rates. Exchange differences on monetary items arising from settlement or translation are recognized in profit or loss in the period in which they arise except for exchange differences on transactions entered into in order to hedge certain foreign currency risks.

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

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

For the purposes of presenting standalone financial statements, the investments of the Corporation’s foreign operations (including subsidiaries and associates operating in other countries or using currencies different from the Corporation’s currencies) are translated into the presentation currency, the New Taiwan dollar, as follows: Assets and liabilities are translated at the exchange rates prevailing at the end of the reporting period; income and expense items are translated at the average exchange rates for the year. The resulting currency translation differences are recognized in other comprehensive income.

On the disposal of a foreign operation (i.e. a disposal of the Corporation’s entire interest in a foreign operation, or a disposal involving the loss of control over a subsidiary that includes a foreign operation), all of the exchange differences accumulated in equity in respect of that operation are reclassified to profit or loss.

In relation to a partial disposal of a subsidiary that does not result in the Corporation losing control over the subsidiary, the proportionate share of accumulated exchange differences is included in the calculation of equity transactions but is not recognized in profit or loss. For all other partial disposals, the proportionate share of the accumulated exchange differences recognized in other comprehensive income is reclassified to profit or loss.

e. Inventories

Inventories consist of raw materials, supplies, finished goods, work in progress and are stated at the lower of cost or net realizable value. Inventory write-downs are made by item, except where it may be appropriate to group similar or related items. The net realizable value is the estimated selling price of inventories less all estimated costs of completion and costs necessary to make the sale. Inventories are recorded at moving average cost.

f. Investments in subsidiaries

The Corporation uses the equity method to account for its investments in subsidiaries.

A subsidiary is an entity that is controlled by the Corporation. Under the equity method, an investment is initially recognized at cost and adjusted thereafter to recognize the Corporation’s share of the profit or loss and other comprehensive income of the subsidiary. The Corporation also recognizes the changes in the share of other equity of subsidiaries.

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Changes in the Corporation’s ownership interests in subsidiaries that do not result in the Corporation losing of control of the subsidiary are accounted for as equity transactions. Differences between the carrying amounts of the investment and the fair value of the consideration paid or received are directly recognized in equity.

Any excess of the cost of acquisition over the Corporation’s share of the net fair value of the identifiable assets and liabilities of a subsidiary recognized at the date of acquisition is recognized as goodwill, which is included within the carrying amount of the investment and is not amortized. Any excess of the Corporation’s share of the net fair value of the identifiable assets and liabilities over the cost of acquisition is recognized immediately in profit or loss.

The Corporation assesses its investment for any impairment by comparing the carrying amount with the estimated recoverable amount as assessed based on the investee’s financial statements as a whole. Impairment loss is recognized when the carrying amount exceeds the recoverable amount. If the recoverable amount of the investment subsequently increases, the Corporation recognizes a reversal of the impairment loss; the adjusted post-reversal carrying amount should not exceed the carrying amount that would have been recognized (net of amortization or depreciation) had no impairment loss been recognized in prior years. An impairment loss recognized on goodwill cannot be reversed in a subsequent period.

When the Corporation loses control of a subsidiary, it recognizes the investment retained in the former subsidiary at its fair value at the date when control is lost. The difference between the fair value of the retained investment plus any consideration received and the carrying amount of previous investment at the date when control is lost is recognized as a gain or loss in profit or loss. Besides, the Corporation accounts for all amounts previously recognized in other comprehensive income in relation to that subsidiary on the same basis as would be required if the Corporation had directly disposed of the related assets or liabilities.

Unrealized profits or losses on downstream transactions with subsidiaries are eliminated in the standalone financial statements. Profits and losses on transactions with subsidiaries other than downstream are recognized in standalone financial statements only to the extent of interests in the subsidiary that are not related to the Corporation.

g. Investment in associates

An associate is an entity over which the Corporation has significant influence and that is neither a subsidiary nor an interest in a joint venture.

The Corporation uses equity method to account for investment in associates. Under the equity method, an investment is initially recognized at cost and adjusted thereafter to recognize the Corporation’s share of the profit or loss and other comprehensive income of the associate. The Corporation also recognizes the changes in the share of equity of associates.

Any excess of the cost of acquisition over the Corporation’s share of the net fair value of the identifiable assets and liabilities of an associate recognized at the date of acquisition is recognized as goodwill, which is included within the carrying amount of the investment and is not amortized. Any excess of the Corporation’s share of the net fair value of the identifiable assets and liabilities over the cost of acquisition is recognized immediately in profit or loss.

When the Corporation subscribes for additional new shares of the associate, at a percentage different from its existing ownership percentage, the resulting carrying amount of the investment differs from the amount of the Corporation’s proportionate interest in the associate. The Corporation records such a difference as an adjustment to investments with the corresponding amount charged or credited to capital surplus. If the Corporation’s ownership interest is reduced due to non-subscription of the new shares of associate, the proportionate amount of the gains or losses previously recognized in other comprehensive

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income in relation to that associate is reclassified to profit or loss on the same basis as would be required if the investee had directly disposed of the related assets or liabilities. When the adjustment should be debited to capital surplus, but the capital surplus recognized from investments accounted for using equity method is insufficient, the shortage is debited to retained earnings.

When the Corporation’s share of losses of an associate equals or exceeds its interest in that associate (which includes any carrying amount of the investment accounted for using the equity method and long-term interests that, in substance, form part of the Corporation’s net investment in the associate), the Corporation discontinues recognizing its share of further losses. Additional losses and liabilities are recognized only to the extent that the Corporation has incurred legal obligations, or constructive obligations, or made payments on behalf of that associate.

When impairment loss is evaluated, the entire carrying amount of the investment (including goodwill) is tested for impairment as a single asset by comparing its recoverable amount with its carrying amount. Any impairment loss recognized is not allocated to any asset, including goodwill, which forms part of the carrying amount of the investment. Any reversal of that impairment loss is recognized to the extent that the recoverable amount of the investment has subsequently increased.

When the Corporation ceases to have significant influence over the associate, the Corporation will measure the retained investment at fair value at that date. The difference between the previous carrying amount of the associate attributable to the retained interest and its fair value is included in the determination of the gain or loss on disposal of the associate. The Corporation accounts for all amounts previously recognized in other comprehensive income in relation to that associate on the same basis as would be required if that associate had directly disposed of the related assets or liabilities.

When the Corporation transacts with its associates, profits or losses on these transactions are recognized in the standalone financial statements only to the extent of interests in the associate that are not related to the Corporation.

h. Property, plant and equipment

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

Property, plant, and equipment in the course of construction are carried at cost. Cost includes professional fees and borrowing costs eligible for capitalization. Samples produced when testing whether an item of property, plant and equipment is functioning properly before that asset reaches its intended use are measured at the lower of cost or net realizable value, and any proceeds from selling those samples and the cost of those samples are recognized in profit or loss. Such properties are classified to the appropriate categories of property, plant and equipment when completed and ready for intended use and depreciated accordingly.

Except that depreciation of the rollers (spare parts) is calculated based on their level of wear, other depreciation is recognized using the straight-line method. Each significant component is depreciated separately. The estimated useful lives, residual values and depreciation method are reviewed at each balance sheet date, with the effect of any changes in estimate accounted for on a prospective basis.

On derecognition of an item of property, plant and equipment, the difference between the sales proceeds and the carrying amount of the asset is recognized in profit or loss.

i. Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are measured at cost less accumulated depreciation. Depreciation is

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recognized using the straight-line method.

On derecognition of an investment property, the difference between the net disposal proceeds and the carrying amount of the asset is included in profit or loss.

For a transfer of classification from property, plant and equipment to investment properties, the deemed cost of an item of property for subsequent accounting is its carrying amount.

j. Intangible assets
1) Intangible assets acquired separately

Intangible assets with finite useful lives that are acquired separately are initially measured at cost and subsequently measured at cost less accumulated amortization and accumulated impairment loss. Amortization is recognized on a straight-line basis. The estimated useful life, residual value, and amortization method are reviewed at the end of each reporting year with the effect of any changes in estimate accounted for on a prospective basis. Intangible assets with indefinite useful lives that are acquired separately are measured at cost less accumulated impairment loss.

2) Derecognition of intangible assets

On derecognition of an intangible asset, the difference between the net disposal proceeds and the carrying amount of the asset is recognized in profit or loss.

k. Impairment of property, plant and equipment, right – of use assets, investment properties and intangible assets

At the end of each reporting period, the Corporation reviews the carrying amounts of its property, plant and equipment, right-of-use assets, investment properties and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. When it is not possible to estimate the recoverable amount of an individual asset, the Corporation estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to the individual cash-generating units; otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.

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

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

l. Financial instruments

Financial assets and financial liabilities are recognized when the Corporation becomes a party to the contractual provisions of the instruments.

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

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from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognized immediately in profit or loss.

1) Financial assets

All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis.

a) Measurement category

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

I Financial assets at FVTPL

Financial assets classified as at FVTPL include investments in equity instruments which are not designated as at FVTOCI and debt instruments that do not meet the amortized cost criteria or the FVTOCI criteria.

Financial assets at FVTPL are subsequently measured at fair value, with any gains or losses arising on remeasurement recognized in profit or loss. The net gain or loss recognized in profit or loss does not incorporate any dividends or interest earned on such a financial asset.

Ii Investments in equity instruments at FVTOCI

On initial recognition, the Corporation may make an irrevocable election to designate investments in equity instruments as at FVTOCI. Designation as at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination.

Investments in equity instruments at FVTOCI are subsequently measured at fair value with gains and losses arising from changes in fair value recognized in other comprehensive income and accumulated in other equity. The cumulative gain or loss will not be reclassified to profit or loss on disposal of the equity investments; instead, it will be transferred to retained earnings.

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

Iii Financial assets at amortized cost

Financial assets that meet the following conditions are subsequently measured at amortized cost:

i) The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and
ii) The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

Subsequent to initial recognition, financial assets at amortized cost (including cash and cash equivalents, notes and accounts receivable at amortized cost, net (including related parties), other receivables (including loans to related parties), refundable deposits and other financial assets) are measured at amortized cost, which equals the gross carrying amount determined

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using the effective interest method less any impairment loss. Foreign currency exchange differences are recognized in profit or loss.

Interest income is calculated by applying the effective interest rate to the gross carrying amount of such a financial asset.

Cash equivalents include time deposits and commercial papers with original maturities within 3 months from the date of acquisition, high liquidity, readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. These cash equivalents are held for the purpose of meeting short-term cash commitments.

In the Corporation’s statements of cash flows, bank overdraft, which is deemed to be repayable at any time and forms part of cash management, is classified as cash and cash equivalents. Bank overdraft is recorded under current liabilities in the balance sheets.

b) Impairment of financial assets and contract assets

The Corporation recognizes a loss allowance for expected credit losses on financial assets at amortized cost (including trade receivables) as well as contract assets.

The Corporation always recognizes lifetime expected credit losses (ECLs) for accounts receivable, and contract assets. For all other financial instruments, the Corporation recognizes lifetime ECLs when there has been a significant increase in credit risk since initial recognition. If, on the other hand, the credit risk on a financial instrument has not increased significantly since initial recognition, the Corporation measures the loss allowance for that financial instrument at an amount equal to 12-month ECLs.

Expected credit losses reflect the weighted average of credit losses with the respective risks of default occurring as the weights. 12-month ECLs represent the portion of lifetime ECLs that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date. In contrast, lifetime ECLs represent the expected credit losses that will result from all possible default events over the expected life of a financial instrument.

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

c) Derecognition of financial assets

The Corporation derecognizes a financial asset only when the contractual rights to the cash flows from the asset expire or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.

On derecognition of a financial asset at amortized cost in its entirety, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognized in profit or loss. On derecognition of an investment in an equity instrument at FVTOCI, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognized in profit or loss, and the cumulative gain or loss which had been recognized in other comprehensive income is transferred directly to retained earnings, without recycling through profit or loss.

2) Equity instruments

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

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

3) Financial liabilities

a) Subsequent measurement

Except for the following situation, financial liabilities are measured at amortized cost using the effective interest method:

Financial guarantee contracts

Financial guarantee contracts issued by the Corporation, if not designated as at FVTPL, are subsequently measured at the higher of the amount of the loss allowance reflecting expected credit losses and amortized cost.

b) Derecognition of financial liabilities

The Corporation derecognizes financial liabilities only when the obligations are discharged, canceled or expired. The difference between the carrying amount of the financial liability derecognized and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognized in profit or loss.

4) Derivative financial instruments

The Corporation enters the derivative financial instruments and foreign exchange forward contracts, to manage its exposure to foreign exchange rate risks.

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

5) Hedge accounting

The Corporation designates certain hedging instruments, which include derivatives and non-derivatives in respect of foreign currency risk, as either fair value hedges, cash flow hedges, or hedges of net investments in foreign operations. Hedges of foreign exchange risk on firm commitments are accounted for as cash flow hedges.

a) Fair value hedges

Gains or losses on derivatives that are designated and qualified as fair value hedges are recognized in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. The change in the fair value of the hedging instrument and the change in the hedged item attributable to the hedged risk are recognized in profit or loss in the line item relating to the hedged item.

The Corporation discontinues hedge accounting only when the hedging relationship ceases to meet the qualifying criteria; for instance, when the hedging instrument expires or is sold, terminated or exercised.

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b) Cash flow hedges

The effective portion of gains or losses on derivatives that are designated and qualified as cash flow hedges is recognized in other comprehensive income and accumulated under the heading of cash flow hedging reserve. The gain or loss relating to the ineffective portion is recognized in profit or loss.

The associated gains or losses that were recognized in other comprehensive income are reclassified from equity to profit or loss as a reclassification adjustment in the line item relating to the hedged item in the same period when the hedged item affects profit or loss. If a hedge of a forecast transaction subsequently results in the recognition of a non-financial asset or a non-financial liability, the associated gains and losses that were recognized in other comprehensive income are removed from equity and are included in the initial cost of the non-financial asset or non-financial liability.

The Corporation discontinues hedge”acco’nting only when the hedging relationship ceases to meet the qualifying criteria; for instance, when the hedging instrument expires or is sold, terminated or exercised. The cumulative gain or loss on the hedging instrument that has been previously recognized in other comprehensive income from the period when the hedge was effective remains separately in equity until the forecast transaction occurs. When a forecast transaction is no longer expected to occur, the gain or loss accumulated in equity is recognized immediately in profit or loss.

c) Hedges of net investments in foreign operations

Hedges of net investments in foreign operations are accounted for similar to cash flow hedges. Any gain or loss on the hedging instrument relating to the effective portion is recognized in gains and losses on hedging instruments. The gain or loss relating to the ineffective portion is recognized immediately in profit or loss.

The amount recognized in gains and losses on hedging instruments relating to the effective portion are reclassified to profit or loss on the disposal or partial disposal of the foreign operation.

m. Provisions

Provisions are measured at the best estimate of the consideration required to settle the present obligation at the end of the reporting year, taking into account the risks and uncertainties surrounding the obligation. Provisions are measured using the cash flows estimated to settle the present obligation.

n. Treasury shares

Treasury shares represent the outstanding shares that the Corporation buys back from the market, which are stated at cost and shown as a deduction in equity.

Shares of the Corporation held by subsidiaries are reclassified to treasury shares from investments accounted for using equity method at the acquisition cost.

o. Revenue recognition

The Corporation identifies the contract with the customers, allocates the transaction price to the performance obligations, and recognizes revenue when performance obligations are satisfied.

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1) Revenue from sale of goods

Revenue from the sale of goods is recognized when the committed goods are delivered from the Corporation to customers to satisfy performance obligations, as follows: domestic sales – when products are moved out of the Corporation premises for delivery to customers; exports – when products are loaded onto vessels. Transaction price received is recognized as a contract liability until performance obligations are satisfied.

Revenue is measured at the fair value, which is the discounted present value of the price (net of commercial discounts and quantity discounts) agreed to by the Corporation with customers. Estimated discount or other allowances of the consideration received are recognized as refund liabilities. For a contract where the period between the date the Corporation transfers a promised good or service to a customer and the date the customer pays for that good or service is one year or less, the Corporation does not adjust the promised amount of consideration for any effect of a significant financing component.

2) Construction contract revenue

As property is being constructed and construction is in progress, the Corporation recognizes revenue from construction contract over time. The Corporation measures the progress on the basis of costs incurred relative to the total expected costs as there is a direct relationship between the costs incurred and the progress of satisfying the performance obligation. A contract asset is recognized during the construction and is reclassified to accounts receivable at the point at which it is Invoiced to the customer. If the milestone payments exceed the revenue recognized to date, then the Corporation recognizes a contract liability for the difference.

p. Leases

At the inception of a contract, the Corporation assesses whether the contract is, or contains, a lease.

1) The Corporation as lessor

Leases are classified as finance leases whenever the terms of a lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

Lease payments (less any lease incentives payable) from operating leases are recognized as income on a straight-line basis over the terms of the relevant leases. Initial direct costs incurred in obtaining operating leases are added to the carrying amounts of the underlying assets and recognized as expenses on a straight-line basis over the lease terms.

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

When a lease includes both land and building elements, the Corporation assesses the classification of each element separately as a finance or an operating lease based on the assessment as to whether substantially all the risks and rewards incidental to ownership of each element have been transferred to the lessee. The lease payments are allocated between the land and the building elements in proportion to the relative fair values of the leasehold interests in the land element and building element of the lease at the inception of a contract. If the allocation of the lease payments can be made reliably, each element is accounted for separately in accordance with its lease classification. When the lease payments cannot be allocated reliably between the land and building elements, the entire lease is generally classified as a finance lease unless it is clear that both elements are operating leases; in which case, the entire lease is classified as an operating lease.

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2) The Corporation as lessee

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

Right-of-use assets, which comprise the initial measurement of lease liabilities, are initially measured at cost and subsequently measured at cost less accumulated depreciation and impairment losses and adjusted for any remeasurement of the lease liabilities. Right-of-use assets are presented on a separate line in the standalone balance sheets.

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

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

Subsequently, lease liabilities are measured at amortized cost using the effective interest method, with interest expense recognized over the lease terms. When there is a change in future lease payments resulting from a change in a lease term, an index or a rate used to determine those payments, the Corporation remeasures the lease liabilities with a corresponding adjustment to the right-of-use-assets. However, if the carrying amount of the right-of-use assets is reduced to zero, any remaining amount of the remeasurement is recognized in profit or loss. For a lease modification that is not accounted for as a separate lease, the Corporation accounts for the remeasurement of the lease liability by decreasing the carrying amount of the right-of-use asset of lease modifications that decreased the scope of the lease, and recognizing in profit or loss any gain or loss on the partial or full termination of the lease. Lease liabilities are presented on a separate line in the standalone balance sheets.

The Corporation negotiates with the lessor for rent concessions as a direct consequence of the Covid-19 to change the lease payments originally due by June 30, 2022, that results in the revised consideration for the lease less than the consideration for the lease immediately preceding the change. There is no substantive change to other terms and conditions. The Corporation elects to apply the practical expedient to rent concessions and, therefore, does not assess whether the rent concessions are lease modifications. Instead, the Corporation recognizes the reduction in lease payment in profit or loss as a deduction of expenses of variable lease payments, in the period in which the events or conditions that trigger the concession occur, and make a corresponding adjustment to the lease liability.

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

q. Borrowing costs

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

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalization.

Other than those stated above, all borrowing costs are recognized in profit or loss in the year in which they are incurred.

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r. Employee benefits

1) Short-term employee benefits

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

2) Retirement benefits

Payments to defined contribution retirement benefit plans are recognized as an expense when employees have rendered service entitling them to the contributions.

Defined benefit costs (including service cost, net interest and remeasurement) under the defined benefit retirement benefit plans are determined using the projected unit credit method. Service cost (including current service cost, past service cost, as well as gains and losses on settlements) and net interest on the net defined benefit liability are recognized as employee benefits expense in the period they occur. Remeasurement, comprising actuarial gains and losses, the effect of the changes to the asset ceiling, and the return on plan assets (excluding interest), is recognized in other comprehensive income in the period they occur. Remeasurement recognized in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to profit or loss.

Net defined benefit liability represents the actual deficit in the Corporation’s defined benefit plan. Any surplus resulting from this calculation is limited to the present value of any refunds from the plans or reductions in future contributions to the plans.

3) Other long-term employee benefits

Other long-term employee benefits are accounted for in the same way as the accounting required for defined benefit plan except that remeasurement is recognized in profit or loss.

4) Termination benefits

A liability for a termination benefit is recognized at the earlier of when the Corporation can no longer withdraw the offer of the termination benefit and when the Corporation recognizes any related restructuring costs.

s. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

1) Current tax

Current tax is the amount of tax at statutory rate calculated on the taxable profit at the balance sheet date. According to the Income Tax Law, an additional tax on unappropriated earnings is provided for as income tax in the year the shareholders approve to retain the earnings.

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

2) Deferred tax

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the standalone financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable

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temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences, loss carryforwards, and research and development expenditures to the extent that it is probable that taxable profits will be available against which those deductible differences can be utilized.

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

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. A previously unrecognized deferred tax asset is also reviewed at each reporting period and recognized to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.

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

3) Current and deferred tax

Current and deferred tax are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognized in other comprehensive income or directly in equity respectively.

5. MATERIAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Corporation’s accounting policies, management is required to make judgments, estimates and assumptions that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

Key sources of estimation uncertainty

a. Write-down of inventory

Inventories are stated at the lower of cost or net realizable value, and the Corporation uses judgment and estimate to determine the net realizable value of inventory at the end of the reporting period. Since the net realizable value of inventory is mainly determined on the basis of future selling price, it might be adjusted significantly.

b. Unlisted equity securities

As described in Note 28, the Corporation applied valuation techniques commonly used by market practitioners to evaluate fair value of the financial instruments that do not have listed market price in an active market. The measurement for the unlisted equity securities includes assumptions not based on

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observable market prices or interest rates; therefore, the fair value may change significantly.

6. CASH AND CASH EQUIVALENTS

Cash on hand Checking accounts and demand deposits		December 31	December 31
		2023 $ 18,275 1,743,681 $ 1,761,956	2022 $ 18,412 3,882,411 $ 3,900,823

7. FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

Noncurrent Foreign unlisted preference shares		December 31	December 31
		2023 $ 658,398	2022 $ 712,241

8. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME – EQUITY INSTRUMENTS

Noncurrent Domestic investments Listed shares Unlisted shares Foreign investments Listed shares Unlisted shares		December 31	December 31
		2023 $ 10,113,150 843,775 10,956,925 3,033,509 28,510,524 31,544,033 $ 42,500,958	2022 $ 9,302,598 718,344 10,020,942 2,023,916 27,445,211 29,469,127 $ 39,490,069

These investments in equity instruments are not held for trading; instead, they are held for medium to long-term strategic purposes. Accordingly, the management elected to designate these investments in equity instruments as at FVTOCI as they believe that recognizing short-term fluctuations in these investments’ fair value in profit or loss would not be consistent with the Corporation’s strategy of holding these investments for long-term purposes.

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9. FINANCIAL INSTRUMENTS FOR HEDGING

Financial assets for hedging–current Foreign exchange forward contracts Hedging foreign-currency deposits Financial assets for hedging–noncurrent Foreign exchange forward contracts Financial liabilities for hedging–current Foreign exchange forward contracts Financial liabilities for hedging–noncurrent Foreign exchange forward contracts Bank loans (Note 17)		December 31	December 31
		2023 $ 65,552 3,206,093 $ 3,271,645 $ 14,207 $ - $ 1,176 976,857 $ 978,033	2022 $ 61,685 983,296 $ 1,044,981 $ 59,177 $ 1,242 $ 920 1,045,219 $ 1,046,139

Refer to Note 28 for information relating to financial instruments for hedging.

10. NOTES AND ACCOUNTS RECEIVABLE, NET (INCLUDING RELATED PARTIES)

Notes receivable Operating Non-operating Less: Allowance for impairment loss Accounts receivable Less: Allowance for impairment loss		December 31	December 31
		2023 $ 505,960 - 505,960 - $ 505,960 $ 2,819,955 - $ 2,819,955	2022 $ 627,670 - 627,670 - $ 627,670 $ 3,580,560 - $ 3,580,560

The Corporation makes prudent assessment of their customers. The counterparties are creditworthy companies; as a result, the significant credit risk is unexpected. The Corporation did transactions with a large number of unrelated customers and no concentration of credit risk was observed. The Corporation continues to manage the financial condition and entire credit risk of their customers, and obtain sufficient collateral if needed to mitigate the risk of financial loss from late payment.

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The expected credit losses on notes and accounts receivable are estimated by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast GDP and direction of economic conditions at the reporting date.

The Corporation continues to monitor the collection of receivables to ensure that proper actions are made to collect past due receivables. Additionally, the Corporation reviews the recoverable amount of receivables one by one on the balance sheet date to ensure that proper allowances are recognized for unrecoverable receivables.

The following table details the loss allowance of notes and accounts receivable based on the impaired aging analysis.

December 31, 2023

Gross carrying amount Loss allowance (Lifetime ECL) Amortized cost December 31, 2022 Gross carrying amount Loss allowance (Lifetime ECL) Amortized cost	Not Past Due $ 3,259,325 - $ 3,259,325 Not Past Due $ 4,208,223 - $ 4,208,223	1 to 30 Days $ 66,590 - $ 66,590 1 to 30 Days $ 7 - $ 7	31 to 60 Days 61 to 365 Days $ - $ - - - $ - $ - 31 to 60 Days 61 to 365 Days $ - $ - - - $ - $ -	Total $ 3,325,915 -
				$ 3,325,915
				Total $ 4,208,230 -
				$ 4,208,230

The Corporation entered into accounts receivable factoring agreements (without recourse) with Mega Bank, Bank of Taiwan, Taishin Bank, CTBC Bank and Mizuho Bank. Under the agreements, the Corporation sells accounts receivable to the banks upon the delivery of products to customers and is required to complete related formalities at the next banking day.

The related information for the Corporation’s sale of accounts receivable was as follows:

Counterparty For the Year Ended December 31, 2023 Mega Bank Bank of Taiwan Bank of Taiwan Taishin Bank CTBC Bank Mizuho Bank	Advances Received at Year – Beginning $ 1,168,020 476,666 389,518 1,813,047 764,251 3,044 $ 4,614,546	Receivables Sold $ 2,901,882 1,067,196 3,804,421 6,995,701 3,258,594 666,636 $ 18,694,430	Amounts Collected by Bank $ 3,086,337 1,172,928 3,928,002 6,140,735 3,198,600 652,897 $ 18,179,499	Advances Received at Year – End Annual Interest Rate on Advances Received (%) Credit Line $ 983,565 1.00-2.62 NT$9 billion 370,934 1.00-2.62 NT$2.1 billion 265,937 0.60-6.79 USD130,000 thousand 2,668,013 3.60-6.22 USD250,000 thousand 824,245 2.10-6.24 USD60,000 thousand 16,783 3.25-6.32 USD10,000 thousand $ 5,129,477

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Counterparty For the Year Ended December 31, 2022 Mega Bank Bank of Taiwan Bank of Taiwan Taishin Bank CTBC Bank Mizuho Bank	Advances Received at Year – Beginning $ 2,045,351 575,436 368,790 3,790,809 1,632,110 7,431 $ 8,419,927	Receivables Sold $ 4,456,176 1,284,295 4,333,017 8,866,702 3,483,166 1,032,436 $ 23,455,792	Amounts Collected by Bank $ 5,333,507 1,383,065 4,312,289 10,844,464 4,351,025 1,036,823 $ 27,261,173	Advances Received at Year – End Annual Interest Rate on Advances Received (%) Credit Line $ 1,168,020 0.98-2.09 NT$9 billion 476,666 0.98-2.09 NT$2.1 billion 389,518 0.62-4.10 USD130,000 thousand 1,813,047 0.80-5.73 USD250,000 thousand 764,251 0.82-3.06 USD60,000 thousand 3,044 0.94-4.50 USD10,000 thousand $ 4,614,546

11. INVENTORIES

Finished goods Work in progress Raw materials Supplies Inventory in transit Others		December 31	December 31
		2023 $ 13,532,749 21,329,702 12,350,577 4,965,992 9,809,990 96,664 $ 62,085,674	2022 $ 15,541,497 23,170,817 12,932,434 4,984,118 10,444,128 37,261 $ 67,110,255

The costs of inventories recognized as operating costs for the years ended December 31, 2023 and 2022 were NT$185,645,639 thousand and NT$228,460,142 thousand, respectively, including reversal of loss on inventory NT$2,318,492 thousand and loss on inventory NT$1,827,517 thousand, respectively. Reversal of loss on inventory was due to the disappearance of the factors that previously caused the net realizable value of inventories to be lower than the cost.

12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

Investments in subsidiaries Investments in associates		December 31	December 31
		2023 $ 183,891,193 2,016,858 $ 185,908,051	2022 $ 187,240,753 2,477,398 $ 189,718,151

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a. Investments in subsidiaries

Listed companies Chung Hung Steel Corporation (CHS) China Steel Chemical Corporation (CSCC) China Steel Structure Co., Ltd. (CSSC) CHC Resources Corporation (CHC) China Ecotek Corporation (CEC) Less: Shares held by subsidiaries accounted for as treasury shares Unlisted companies Dragon Steel Corporation (DSC) CSC Steel Australia Holdings Pty Ltd. (CSC SAH) China Steel Express Corporation (CSE) Gains Investment Corporation (GIC) C.S.Aluminium Corporation (CSAC) China Steel and Nippon Steel Vietnam Joint Stock Company (CSVC) China Steel Asia Pacific Holdings Pte. Ltd. (CSAP) China Prosperity Development Corporation (CPDC) China Steel Power Holding Corporation (CPHC) China Steel Global Trading Corporation (CSGT) CSCI Steel Corporation India Pvt. Ltd. (CSCI) Kaohsiung Rapid Transit Corporation (KRTC) CSC Solar Corporation (CSCSOLAR) China Steel Resources Corporation (CSRC) China Steel Machinery Corporation (CSMC) China Steel Security Corporation (CSS) Infochamp Systems Corporation (Info Champ) Sing Da Marine Structure Corporation (SDMS) HIMAG Magnetic Corporation (HIMAG) China Steel Management Consulting Corporation (CMCC) China Steel Power Corporation (ZN) Less: Shares held by subsidiaries accounted for as treasury shares		December 31	December 31	December 31
		2023 Amount % of Owner – ship $ 6,572,290 41 2,449,670 29 1,234,108 33 1,130,433 20 968,771 45 12,355,272 2,221,523 10,133,749 96,238,323 100 21,569,840 100 12,969,440 100 9,356,951 100 8,579,001 100 7,033,612 56 4,951,968 100 4,938,127 100 4,474,076 51 3,023,595 100 1,286,953 100 1,154,135 43 1,086,021 55 1,003,661 100 752,859 74 511,392 100 484,050 100 466,852 47 465,321 69 20,136 100 - 180,366,313 6,608,869 173,757,444 $ 183,891,193		2022
				Amount % of Owner – ship $ 6,696,923 41 2,350,858 29 1,351,785 33 1,091,665 20 1,048,403 45 12,539,634 2,077,752 10,461,882 100,847,872 100 20,732,125 100 12,980,932 100 8,069,762 100 9,010,764 100 7,517,232 56 4,900,289 100 4,919,191 100 3,864,987 51 3,253,223 100 1,384,769 100 1,181,775 43 1,052,452 55 1,001,575 100 510,795 74 476,621 100 557,293 100 578,236 47 490,574 69 20,073 100 - - 183,350,540 6,571,669 176,778,871 $ 187,240,753

In December 2023 and November 2022, the subsidiary CSAP reduced its capital by NT$561,240 thousand and NT$125,720 thousand, respectively; the Corporation’s percentage of shareholding remained unchanged.

Due to the resolution of the board of directors to simplify the investment structure, the subsidiary USICL went through the liquidation and dissolution procedures. Taking October 18, 2022 as the liquidation base date, the liquidation funds returned NT$408,554 thousand in cash.

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In November and December 2023, the Corporation subscribed for 19,941 thousand shares and 21,930 thousand shares of its subsidiary CPHC for cash consideration of NT$199,410 thousand and NT$219,300 thousand, respectively; the Corporation’s percentage of shareholding remained unchanged.

Refer to Note 30 for information relating to investments accounted for using equity method as collateral.

Fair values (Level 1) of the listed companies accounted for using equity method with available published price quotation are summarized as follows:

CHS CSCC CSSC CEC CHC		December 31	December 31
		2023 $ 15,178,636 $ 8,151,281 $ 3,676,778 $ 3,124,173 $ 2,839,081	2022 $ 15,586,507 $ 7,257,048 $ 3,922,783 $ 2,373,596 $ 2,267,321

The above market prices are calculated on the basis of the closing price at the end of the reporting period.

b. Investments in associates

Taiwan Rolling Stock Co., Ltd. (TRSC) Kaohsiung Arena Development Corporation (KADC) Hsin Hsin Cement Enterprise Corporation (HHCEC) Eminent II Venture Capital Corporation (EVCⅡ) Honley Auto. Parts Co., Ltd. (HONLEY) Overseas Investment & Development Corporation (OIDC) TaiAn Technologies Corporation (TAIAN) Dyna Rechi Co., Ltd. (DRC)		December	December	31
		2023 Amount % of Owner – ship $ 719,391 48 575,030 18 398,449 31 130,390 46 104,744 35 65,909 6 22,945 17 - - $ 2,016,858		2022
				Amount % of Owner – ship $ 790,811 48 558,955 18 377,680 31 281,306 46 125,588 35 65,254 6 23,599 17 254,205 23 $ 2,477,398

The Corporation’s total equity in KADC is 29%, including 18% directly owned and 11% indirectly owned through United Steel Engineering & Construction Corporation and CPDC. The Corporation’s total equity in TAIAN is 22%, including 17% directly owned and 5% indirectly owned through CSCC. The Corporation’s total equity in OIDC is 22%, including 6% directly owned and 16% indirectly owned through the subsidiaries CSMC and Union Steel Development Corporation.

In September 2022, the associate DRC reduced its capital by NT$655,288 thousand to offset a deficit; the Corporation’s percentage of shareholding remained unchanged. In December 2023, the Corporation sold the ownership of DRC for a disposal consideration of NT$247,256 thousand and recognized gain on disposal of investments NT$15,364 thousand.

In November 2022, the associate HONLEY reduced its capital by NT$233,361 thousand; the Corporation’s percentage of shareholding remained unchanged.

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In March 2023, the associate EVCII reduced its capital by NT$105,000 thousand; the Corporation’s percentage of shareholding remained unchanged.

The above associates are not individually material. The related summarized information was as follows:

The Corporation’s share of Net gain (loss) for the year Other comprehensive income Total comprehensive income	For the Year Ended	For the Year Ended	December 31
		2023 $ (27,370) 20,469 $ (6,901)	2022 $ 106,044 16,394 $ 122,438

Refer to Table 8 “Information on Investees” for the above investees’ main business nature, principal places of business and countries of incorporation.

13. OTHER FINANCIAL ASSETS

Current Pledged time deposits (Note 30) Time deposits with original maturities more than 3 months Deposits for projects		December 31	December 31
		2023 $ 5,850,000 100,000 56,067 $ 6,006,067	2022 $ 5,850,000 100,000 - $ 5,950,000

14. PROPERTY, PLANT AND EQUIPMENT

For the Year Ended December 31, 2023

Cost Balance at January 1, 2023 Additions Disposals Reclassification Balance at December 31, 2023 Accumulated depreciation and impairment Balance at January 1, 2023 Depreciation Disposals Reclassification Balance at December 31, 2023 Carrying amount at December 31, 2023	Land $ 51,408,190 - - - $ 51,408,190 $ - - - - $ - $ 51,408,190	Land Improvements $ 4,772,418 - - - $ 4,772,418 $ 4,604,767 13,195 - - $ 4,617,962 $ 154,456	Buildings $ 69,103,622 229,616 (89,671 ) 2,267 $ 69,245,834 $ 46,193,231 1,780,088 (30,347 ) 45 $ 47,943,017 $ 21,302,817	Machinery and Equipment $ 388,097,311 9,684,750 (1,998,616 ) - $ 395,783,445 $ 343,396,686 10,122,816 (1,957,620 ) - $ 351,561,882 $ 44,221,563	Transportation Equipment $ 2,457,183 141,536 (34,567 ) - $ 2,564,152 $ 2,036,187 99,633 (34,514 ) - $ 2,101,306 $ 462,846	Other Equipment $ 7,596,065 569,554 (127,577 ) - $ 8,038,042 $ 6,425,993 476,076 (127,172 ) - $ 6,774,897 $ 1,263,145	Spare Parts $ 6,653,792 610,474 (708,954 ) - $ 6,555,312 $ 2,814,855 607,530 (708,954 ) - $ 2,713,431 $ 3,841,881	Construction in Progress and Equipment to be Inspected $ 20,303,071 4,723,895 - - $ 25,026,966 $ - - - - $ - $ 25,026,966	Total $ 550,391,652 15,959,825 (2,959,385 ) 2,267 $ 563,394,359 $ 405,471,719 13,099,338 (2,858,607 ) 45 $ 415,712,495 $ 147,681,864

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For the Year Ended December 31, 2022

Cost Balance at January 1, 2022 Additions Disposals Reclassification Balance at December 31, 2022 Accumulated depreciation and impairment Balance at January 1, 2022 Depreciation Disposals Reclassification Balance at December 31, 2022 Carrying amount at December 31, 2022	Land $ 51,408,190 - - - $ 51,408,190 $ - - - - $ - $ 51,408,190	Land Improvements $ 4,771,647 771 - - $ 4,772,418 $ 4,588,951 15,816 - - $ 4,604,767 $ 167,651	Buildings $ 68,637,064 520,213 (50,984 ) (2,671) $ 69,103,622 $ 44,258,558 1,985,748 (50,042 ) (1,033) $ 46,193,231 $ 22,910,391	Machinery and Equipment $ 381,526,367 9,319,257 (2,748,813 ) 500 $ 388,097,311 $ 334,552,518 11,574,770 (2,731,101 ) 499 $ 343,396,686 $ 44,700,625	Transportation Equipment $ 2,361,306 139,111 (43,234 ) - $ 2,457,183 $ 1,974,658 104,658 (43,129 ) - $ 2,036,187 $ 420,996	Other Equipment $ 7,223,530 595,951 (222,916 ) (500) $ 7,596,065 $ 6,203,510 445,314 (222,332 ) (499) $ 6,425,993 $ 1,170,072	Spare Parts $ 6,741,476 639,208 (726,892 ) - $ 6,653,792 $ 2,804,628 737,119 (726,892 ) - $ 2,814,855 $ 3,838,937	Construction in Progress and Equipment to be Inspected $ 18,832,688 1,470,383 - - $ 20,303,071 $ - - - - $ - $ 20,303,071	Total $ 541,502,268 12,684,894 (3,792,839 ) (2,671) $ 550,391,652 $ 394,382,823 14,863,425 (3,773,496 ) (1,033) $ 405,471,719 $ 144,919,933

The following items of property, plant and equipment are depreciated on a straight-line basis over the following useful lives:

Land improvements 20-40 years Buildings Main structure 5-60 years Others 3-40 years Machinery and equipment Power equipment 3-25 years Process equipment 8-18 years Lifting equipment 5-12 years Others 3-17 years Transportation equipment 5-20 years Other equipment 3-12 years

15. LEASE ARRANGEMENTS

a. Right-of-use assets

Carrying amounts Land Land improvements Buildings Transportation equipment Others		December 31	December 31
		2023 $ 649,802 208,888 130,685 11,101 4,431 $ 1,004,907	2022 $ 722,208 242,366 195,657 4,526 8,863 $ 1,173,620

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Additions to right-of-use assets Depreciation charge for right-of-use assets Land Land improvements Buildings Transportation equipment Others	For the Year Ended	For the Year Ended	December 31
		2023 $ 243,427 $ 228,320 51,973 106,219 3,962 4,432 $ 394,906	2022 $ 372,183 $ 204,930 48,473 87,864 4,685 4,431 $ 350,383

b. Lease liabilities

Carrying amounts Current Non-current		December 31	December 31
		2023 $ 309,201 $ 688,449	2022 $ 353,725 $ 820,848

Range of discount rate (%) for lease liabilities was as follows:

Land Land improvements Buildings Transportation equipment Others	December 31
	2023 2022 0.59-2.07 0.59-1.14 1.31-1.74 1.31 0.59-1.74 0.59-0.95 0.59-1.74 0.59-0.95 0.59 0.59

c. Material lease activities and terms

The Corporation leases land with a total of 261,207.62 square meter from Taiwan International Ports Corporation, Ltd. The rent is calculated by an annual rate of 5% based on the aforementioned announced land value. The lease term is from January 2008 to December 2027.

The Corporation leases No. 101 berth in Kaohsiung Harbor from Taiwan International Ports Corporation, Ltd. For the use of cargo handling of raw materials, including coal and iron ore, as well as GBFS with a lease term from December 2016 to December 2027.

The Corporation enters into lease arrangements with the subsidiary CSE to cope with shipment of foreign raw materials. The payment terms are calculated based on actual shipping amount and thus classified as variable lease payment.

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d. Other lease information

				For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
					2023		2022
Expenses relating to short-term leases and low-value asset leases				$	64,367	$	83,825
Expenses relating to variable leases payments				$	1,812,798	$ 2,460,034
Covid-19-related rent concessions					-		(1,357)
Expenses relating to variable leases payments not included in the
measurement of lease liabilities				$	1,812,798	$ 2,458,677
Total cash outflow for leases				$	(2,292,958)	$ (2,909,227)
For land, buildings and some transportation equipment which qualify as short-term leases and office
equipment which qualify as low-value asset leases, the Corporation has elected to apply the							recognition
exemption and thus did not recognize right-of-use assets and lease liabilities for these leases.
INVESTMENT PROPERTIES
For the Year Ended December 31, 2023
		Land			Buildings		Total
Cost
Balance at January 1, 2023	$	6,392,083		$	1,289,256	$ 7,681,339
Reclassification			-		(2,267)		(2,267)
Balance at December 31, 2023	$	6,392,083		$	1,286,989	$ 7,679,072
Accumulated depreciation
Balance at January 1, 2023	$		-	$	365,327	$	365,327
Depreciation			-		21,783		21,783
Reclassification			-		(45)		(45)
Balance at December 31, 2023	$		-	$	387,065	$	387,065
Carrying amount at December 31, 2023	$	6,392,083		$	899,924	$ 7,292,007
For the Year Ended December 31, 2022
		Land			Buildings		Total
Cost
Balance at January 1, 2022	$	6,392,083		$	1,286,585	$ 7,678,668
Reclassification			-		2,671		2,671
Balance at December 31, 2022	$	6,392,083		$	1,289,256	$ 7,681,339

For land, buildings and some transportation equipment which qualify as short-term leases and office equipment which qualify as low-value asset leases, the Corporation has elected to apply the recognition exemption and thus did not recognize right-of-use assets and lease liabilities for these leases.

16. INVESTMENT PROPERTIES

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Accumulated depreciation Balance at January 1, 2022 Depreciation Reclassification Balance at December 31, 2022 Carrying amount at December 31, 2022	Land $ - - - $ - $ 6,392,083	Buildings $ 341,789 22,505 1,033 $ 365,327 $ 923,929	Total $ 341,789 22,505 1,033 $ 365,327 $ 7,316,012

The following items of investment properties are depreciated on a straight-line basis over the following useful lives:

Buildings

8-60 years

The determination of fair value was performed by independent qualified professional valuers or the management of the Corporation, which used the valuation model that market participants would use in determining the fair value, and the fair value was measured using Level 3 inputs. The valuation was measured under the comparative approach, income approach, cost approach and land developing analysis approach similar to the transaction price of the real estate market. The significant unobservable inputs used include discount rates and depreciation rates. The fair value as appraised was as follows:

Fair value		December 31	December 31
		2023 $ 24,420,413	2022 $ 24,450,280

All of the Corporation’s investment properties are held under freehold interests.

17. BORROWINGS

a. Short-term borrowings and bank overdraft

Unsecured loans Bank overdraft (Note 30) Letters of credit and export bill loans Loans from related parties (Note 29) Range of interest rates p.a. (%)		December 31	December 31
		2023 $ 8,500,000 4,728,336 671,312 1,670,000 $ 15,569,648 0.09-6.66	2022 $ 19,100,000 3,015,707 1,459,983 1,790,000 $ 25,365,690 0-5.29

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b. Short-term bills payable

Commercial paper Less: Unamortized discounts Range of interest rates p.a. (%)		December 31	December 31
		2023 $ 36,600,000 71,493 $ 36,528,507 1.42-1.57	2022 $ 13,500,000 23,039 $ 13,476,961 1.48-1.58

The above commercial paper was unsecured.

c. Long-term borrowings

Unsecured loans Less: Financial liabilities for hedging – noncurrent Range of interest rates p.a. (%)		December 31	December 31
		2023 $ 6,476,857 976,857 $ 5,500,000 0.29-1.75	2022 $ 12,545,219 1,045,219 $ 11,500,000 0.27-1.57

The above unsecured loans included those obtained by the Corporation in JPY to hedge the exchange rate fluctuations on equity investments, which were reclassified to financial liabilities for hedging-noncurrent.

d. Long-term bills payable

Commercial paper Less: Unamortized discounts Range of interest rates p.a. (%)		December 31	December 31
		2023 $ 14,000,000 15,572 $ 13,984,428 1.51-1.55	2022 $ 11,500,000 4,285 $ 11,495,715 1.27-1.37

The Corporation entered into unsecure commercial paper contracts with CTBC Bank, Cathay United Bank, Taishin Bank and China Bills Finance Corporation in April 2020, December 2022 , January 2023, March 2023 and June 2023, respectively. The duration of the contracts is three to four years . In the fourth year, the contracts can only be issued after negotiating between the counterparties. During the cycle of issuance, the Corporation only has to pay service fees and interests. Therefore, the Corporation recorded those commercial papers issued as long-term bills payable.

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18. BONDS PAYABLE

Unsecured domestic bonds Less: Issuance cost of bonds payable Current portion		December 31	December 31
		2023 $ 50,900,000 24,453 8,336,585 $ 42,538,962	2022 $ 48,250,000 19,432 8,349,635 $ 39,880,933

The major terms of unsecured domestic bonds are as follows:

			Coupon
Issuance Period	Total Amount		Rate (%)	Repayment and Interest Payment
December 2020 to December	$	1,600,000	0.39	Repayable 50% in December 2024 and
2025				50% in December 2025; interest
				payable annually
May 2018 to May 2025		6,000,000	0.95	Repayable 50% in May 2024 and 50% in
				May 2025; interest payable annually
October 2018 to October		4,150,000	0.90	Repayable 25% in October 2024 and 75%
2025				in October 2025; interest payable
				annually
December 2020 to December		4,200,000	0.43	Repayable 70% in December 2026 and
2027				30% in December 2027; interest
				payable annually
July 2013 to July 2023		9,700,000	1.60	Repayable 50% in July 2022 and 50% in
				July 2023; interest payable annually
January 2014 to January 2024		7,000,000	1.95	Repayable 50% in January 2023 and 50%
				in January 2024; interest payable
				annually
August 2018 to August 2028		5,600,000	1.10	Repayable 50% in August 2027 and 50%
				in August 2028; interest payable
				annually
October 2018 to October		2,250,000	1.05	Repayable 50% in October 2027 and 50%
2028				in October 2028; interest payable
				annually
July 2013 to July 2028		3,600,000	1.88	Repayable 30% in July 2026, 30% in July
				2027 and 40% in July 2028; interest
				payable annually
January 2014 to January 2029		9,000,000	2.15	Repayable 30% in January 2027, 30% in
				January 2028 and 40% in January 2029;
				interest payable annually
July 2023 to July 2026		7,200,000	1.50	Repayable in July 2026; interest payable
				annually
July 2023 to July 2028		3,800,000	1.57	Repayable 50% in July 2027 and 50% in
				July 2028; interest payable annually

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19. OTHER PAYABLES

Salaries and bonus Purchase of equipment Consignment payable Outsourced repair and construction Interest payable Compensation of employees and remuneration of directors Others		December 31	December 31
		2023 $ 2,820,387 1,649,491 1,266,468 607,835 462,156 119,893 5,048,218 $ 11,974,448	2022 $ 4,234,327 3,401,242 579,400 447,675 534,623 1,288,749 5,445,377 $ 15,931,393

20. PROVISIONS

Onerous contracts (a) Construction warranties (b) Balance at January 1, 2023 Recognition (reversal) Paid Balance at December 31, 2023 Balance at January 1, 2022 Recognition (reversal) Balance at December 31, 2022	Onerous Contracts $ 2,522,824 1,142,949 - $ 3,665,773 $ 4,318,852 (1,796,028) $ 2,522,824		December 31	December 31
			2023 $ 3,665,773 353,103 $ 4,018,876 Construction Warranties $ 467,885 (107,208) (7,574) $ 353,103 $ - 467,885 $ 467,885	2022 $ 2,522,824 467,885 $ 2,990,709 Total $ 2,990,709 1,035,741 (7,574) $ 4,018,876 $ 4,318,852 (1,328,143) $ 2,990,709

a. The provision for onerous contracts of the Corporation comes from the non-cancellable purchase contracts of which the provision amounts are measured using the difference between the unavoidable costs of meeting the contractual obligations and the economic benefits expected to be received from the contracts; and the non-cancellable construction contracts of which the provision amounts are measured using the difference between the expected unavoidable costs of meeting the contractual obligations and the economic benefits expected to be received from the contracts.
b. The provision for construction warranties represents the present value of management’s best estimate of the future outflow of economic benefits that will be required under the Corporation’s obligations for warranties. The estimate had been made on the basis of historical warranty trends.
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21. RETIREMENT BENEFIT PLANS

a. Defined contribution plans

The Corporation adopted a pension plan under the Labor Pension Act (the LPA), which is a state-managed defined contribution plan. Based on the LPA, the Corporation makes monthly contributions to employees’ individual pension accounts at 6% of monthly salaries and wages.

b. Defined benefit plans

The Corporation adopted the defined benefit plan under the Labor Standards Law, under which pension benefits are calculated on the basis of the length of service and average monthly salaries of the six months before retirement. The Corporation makes contributions, equal to a certain percentage of total monthly salaries, to a pension fund, which is deposited in the Bank of Taiwan in the name of and administered by the pension fund monitoring committee. Before the end of each year, the Corporation assesses the balance in the pension fund. If the amount of the balance in the pension fund is inadequate to pay retirement benefits for employees who conform to retirement requirements in the next year, the Corporation is required to fund the difference in one appropriation that should be made before the end of March of the next year. The pension fund is managed by the Bureau of Labor Funds, Ministry of Labor (the Bureau); the Corporation has no right to influence the investment policy and strategy. Starting from August 1999, the Corporation has also made contributions, equal to a certain percentage of salaries of management personnel (vice president above), to another pension fund, which are deposited and administered by the officers’ pension fund management committee. The Corporation has also set up rules of consolation payment and holiday benefits, which are defined benefit plans.

The amount of defined benefit plans included in the standalone balance sheets were as follows:

Present value of defined benefit obligation Fair value of plan assets Deficit Net defined benefit liabilities – recognized in other payables Net defined benefit liabilities		December 31	December 31
		2023 $ 14,248,229 (9,926,368) 4,321,861 (53,985) $ 4,267,876	2022 $ 15,546,313 (11,135,494) 4,410,819 (89,115) $ 4,321,704

Movements of net defined benefit liabilities were as follows:

Balance at January 1, 2023 Service cost Current service cost Interest expense (income) Recognized in profit or loss Remeasurement Return on plan assets (excluding amounts included in net interest)	Present Value of the Defined Benefit Obligation Fair Value of the Plan Assets $ 15,546,313 $ (11,135,494) 359,178 - 174,896 (131,327) 534,074 (131,327) - (103,659)	Net Defined Benefit Liabilities $ 4,410,819 359,178 43,569 402,747 (103,659)

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Present Value
of the Defined
Benefit
Obligation
Fair Value of
the Plan Assets
Actuarial gain – changes in financial
assumptions
$ (108,242) $ -
Actuarial loss – experience adjustments

262,536

-

Recognized in other comprehensive income
(loss)

154,294

(103,659)

Contributions from the employer
-
(482,383)
Benefits paid
(1,994,288)
1,934,331
Contributions of employee returning to the
Corporation

7,836

(7,836)

(1,986,452)

1,444,112

Balance at December 31, 2023
$ 14,248,229
$ (9,926,368)

Balance at January 1, 2022
$ 18,099,065
$ (11,725,253)

Service cost
Current service cost
435,757
-
Interest expense (income)

67,872

(45,028)

Recognized in profit or loss

503,629

(45,028)

Remeasurement
Return on plan assets (excluding amounts
included in net interest)
-
(956,641)
Actuarial gain – changes in financial
assumptions
(759,672)
-
Actuarial loss – experience adjustments

423,820

-

Recognized in other comprehensive income
(loss)

(335,852)

(956,641)

Contributions from the employer
-
(1,060,993)
Benefits paid
(2,723,692)
2,655,584
Contributions of employee returning to the
Corporation

3,163

(3,163)

(2,720,529)

1,591,428

Balance at December 31, 2022
$ 15,546,313
$ (11,135,494)

An analysis by function of the amounts recognized in profit or loss in respect of the
plans is as follows:

Net Defined
Benefit
Liabilities
$ (108,242)

262,536

50,635

(482,383)

(59,957)

-

(542,340)
$ 4,321,861
$ 6,373,812

435,757

22,844

458,601

(956,641)

(759,672)

423,820

(1,292,493)

(1,060,993)

(68,108)

-

(1,129,101)
$ 4,410,819
defined benefit

Operating costs Operating expenses Others	For the Year Ended	For the Year Ended	December 31
		2023 $ 250,296 152,315 136 $ 402,747	2022 $ 279,861 178,728 12 $ 458,601

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

1) Investment risk

The plan assets are invested in domestic and foreign equity securities, debt securities, and bank deposits, etc. The investment is conducted at the discretion of the Bureau of Labor Funds, Ministry of Labor or under the mandated management. However, in accordance with relevant regulations, the return generated by plan assets should not be below the interest rate for a 2-year time deposit with local banks.

2) Interest risk

A decrease in the government and corporate bond interest rate will increase the present value of the defined benefit obligation; however, this will be partially offset by an increase in the return on the plan’s debt investments.

3) Salary risk

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

The actuarial valuations of the present value of the defined benefit obligation were carried out by qualified actuaries. The principal assumptions used for the purposes of the actuarial valuations were as follows:

Discount rate (%) Expected rate of salary increase (%) Turnover rate (%)	December 31
	2023 2022 1.250 1.125 3.000 3.000 0.000-0.100 0.000-0.100

If possible reasonable change in each of the significant actuarial assumptions will occur and all other assumptions will remain constant, the present value of the defined benefit obligation would increase (decrease) as follows:

Discount rate 0.25% increase 0.25% decrease Expected rate of salary increase 0.25% increase 0.25% decrease		December 31	December 31
		2023 $ (211,570) $ 218,171 $ 215,688 $ (210,247)	2022 $ (238,003) $ 245,384 $ 240,746 $ (234,736)

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

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The expected contributions to the plan for the next year The average duration of the defined benefit obligation		December 31	December 31
		2023 $ 485,252 5.4 years	2022 $ 1,076,093 5.7 years

22. EQUITY

a. Share capital

Number of shares authorized (in thousands) Shares authorized Number of shares issued and fully paid (in thousands) Ordinary shares (in thousands) Preference shares (in thousands) Shares issued Ordinary shares Preference shares		December 31	December 31
		2023 17,000,000 $ 170,000,000 15,734,861 38,268 15,773,129 $ 157,348,610 382,680 $ 157,731,290	2022 17,000,000 $ 170,000,000 15,734,861 38,268 15,773,129 $ 157,348,610 382,680 $ 157,731,290

1) Ordinary shares

Fully paid ordinary shares, which have a par value of NT$10, carry one vote per share and the right to dividends.

2) Preference shares

The Corporation’s Articles of preference shareholders have the following entitlements or rights:

a) 14% annual dividends, with dividend payments ahead of those to ordinary shareholders;
b) Preference over ordinary shares in future payment of dividends in arrears;
c) The sequence and percentage of appropriation of residual property are the same with ordinary shares;
d) The same rights as ordinary shareholders, except the right to vote for directors; and
e) Redeemable by the Corporation and convertible to ordinary shares by preference shareholders with the ratio of 1:1.
3) Overseas depositary receipts

In May 1992, February 1997, October 2003 and August 2011, the Corporation issued 126,512,550 units of GDR in the Europe U.S., and Asia. The depositary receipts then increased by 6,924,354

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units resulting from the capital increase out of retained earnings. Each unit represents 20 shares of the Corporation’s ordinary shares and the issued GDRs account for the Corporation’s ordinary shares totaling 2,668,738,370 shares (including 290 fractional shares). Under relevant regulations, the GDR holders may also request the conversion to the shares represented by the GDR. The foreign investors may also request the reissuance of such depositary receipts within the originally approved units. As of December 31, 2023 and 2022, the outstanding depositary receipts were 633,752 units and 682,975 units, equivalent to 12,675,350 ordinary shares (including 310 fractional shares), and 13,659,810 ordinary shares (including 310 fractional shares), which represented 0.08% of all the outstanding ordinary shares.

b. Capital surplus

May be used to offset deficit, distribute cash or transfer to share capital (see 1 below) Additional paid-in capital Treasury share transactions Others May be used to offset deficit only (see 2 below) Share of change in equity of subsidiaries Share of change in equity of associates		December 31	December 31
		2023 $ 31,154,766 8,649,345 44,523 39,848,634 708,127 132,057 840,184 $ 40,688,818	2022 $ 31,154,766 8,329,159 44,523 39,528,448 587,117 159,550 746,667 $ 40,275,115

1) The capital surplus could be used to offset a deficit and distribute as cash dividends or transfer to capital when the Corporation has no deficit (limited to a certain percentage of the Corporation’s paid-in capital and once a year).
2) The capital surplus included the share of change in equity of subsidiaries recognized without any actual acquisition or disposal of subsidiaries’ share by the Corporation or the adjustments to capital surplus of subsidiaries under equity method.
c. Retained earnings and dividend policy

The Corporation’s Articles of Incorporation provide that the annual net income, less any deficit, should be appropriated in the following order:

1) 10% as legal reserve;
2) Preference share dividends at 14% of par value;
3) Ordinary share dividends at no more than 14% of par value; and
4) The remainder, if any, as additional dividends divided equally between the holders of preference and ordinary shares.

The board of directors should propose the appropriation of earnings. If necessary, it may, after appropriating for preference shares dividends, propose to appropriate a special reserve or to retain certain earnings. These proposals should be submitted to the shareholders’ meeting for approval.

43 -

The Corporation’s steel business is in a phase of stable growth; thus, 75% or more of the appropriation for dividends should be in cash and 25% or less in shares.

Appropriation of earnings to legal reserve could be made until the legal reserve equals the Corporation’s paid-in capital. Legal reserve may be used to offset deficit. If the Corporation has no deficit and the legal reserve has exceeded 25% of the Corporation’s paid-in capital, the excess may be transferred to capital or distributed in cash.

Under Rule issued by the FSC and the directive titled “Questions and Answers for Special Reserves Appropriated Following Adoption of IFRSs”, the Corporation should appropriate or reverse a special reserve. In addition, if the market price of the Corporation’s ordinary shares held by subsidiaries is lower than the carrying value of the Corporation’s shares held by subsidiaries, the Corporation should appropriate a special reserve equal to the difference between market price and carrying value multiplied by the percentage of ownership. Any special reserve appropriated may be reversed to the extent of the increase in valuation.

The appropriations of earnings for 2022 and 2021 had been approved in the shareholders’ meeting in June 2023 and 2022, respectively. The appropriations and dividends per share were as follows:

Legal reserve Reversal of special reserve Preference shares Cash dividends Ordinary shares Cash dividends	Appropriation of Earnings		Dividend Per Share (NT$)	Dividend Per Share (NT$)
	For the Year Ended December 31
	2022 2021 $ 1,917,329 $ 6,154,632 - (723,473) 53,575 118,631 15,734,861 48,778,069		2022 $ 1.40 $ 1.00	2021 $ 3.10 $ 3.10

The appropriations of earnings for 2023 had been proposed by the Corporation’s board of directors on February 29, 2024 as follows:

	Appropriation	Appropriation	Dividends Per
	of	Earnings	Share (NT$)
Legal reserve	$	163,955
Preference shares
Cash dividends		53,575	$ 1.40
Ordinary shares
Cash dividends		5,454,701	$ 0.35

The appropriations of earnings for 2023 are subject to the resolution of the shareholder’s meeting to be held in June 2024.

d. Special reserves

Balance, beginning of the year Reversal of special reserve Appreciation of the Corporation’s shares held by subsidiaries Disposal of property, plant and equipment Balance, end of the year	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 26,914,657 - (1,022) $ 26,913,635	2022 $ 27,639,574 (723,473) (1,444) $ 26,914,657

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e. Other equity items

1) Exchange differences on translating foreign operations

Balance, beginning of the year Recognized during the year Exchange differences arising from translating foreign operations Share from accounted for using the equity method Other comprehensive income recognized in the year Balance, end of the year	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ (6,308,766) 45,795 (33,218) 12,577 $ (6,296,189)	2022 $ (9,167,082) 2,256,946 601,370 2,858,316 $ (6,308,766)

2) Unrealized gains and losses on financial assets at fair value through other comprehensive income

Balance, beginning of the year Recognized during the year Unrealized gains and losses – equity instruments Share from accounted for using the equity method Other comprehensive income (loss) recognized in the year Cumulative unrealized gain or loss of equity instruments transferred to retained earnings due to disposal Balance, end of the year Gains and losses on hedging instrument Cash Flow Hedges Fair Value Hedges Balance at January 1, 2023 $ 557,741 $ 165,015 Increase (decrease) in the year (6,118) 18,453 Balance at December 31, 2023 $ 551,623 $ 183,468 Balance at January 1, 2022 $ (134,815) $ 155,182 Increase in the year 692,556 9,833 Balance at December 31, 2022 $ 557,741 $ 165,015	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ (3,046,896) 3,010,889 539,792 3,550,681 (229,803) $ 273,982 Hedges of Net Investments in Foreign Operations $ 3,788,786 - $ 3,788,786 $ 3,788,786 - $ 3,788,786	2022 $ 951,977 238,791 (4,290,567) (4,051,776) 52,903 $ (3,046,896) Total $ 4,511,542 12,335 $ 4,523,877 $ 3,809,153 702,389 $ 4,511,542

3) Gains and losses on hedging instrument
45 -

a) Cash flow hedges

Balance, beginning of the year Recognized during the year Foreign currency risk – hedging foreign – currency deposits Foreign currency risk – foreign exchange forward contracts Tax effect Share from accounted for using the equity method Reclassification adjustment Foreign currency risk – hedging foreign – currency deposits Tax effect Other comprehensive income (loss) recognized in the year Balance, end of the year	For the Year Ended	For the Year Ended	December 31
		2023 $ 557,741 (156,343) (40,117) 39,292 160,578 (11,912) 2,384 (6,118) $ 551,623	2022 $ (134,815) 47,968 150,054 (39,604) 521,197 16,176 (3,235) 692,556 $ 557,741

b) Fair value hedges

Balance, beginning of the year Recognized during the year Foreign currency risk – bank loans Other comprehensive income recognized in the year Balance, end of the year c) Hedges of net investments in foreign operations Balance, beginning/end of the year	For the Year Ended	For the Year Ended	For the Year Ended	December 31
	2023 $ 165,015 18,453 18,453 $ 183,468 For the Year Ended			2022 $ 155,182 9,833 9,833 $ 165,015 December 31
		2023 $ 3,788,786	2022 $ 3,788,786

f. Treasury shares

Purpose of Treasury Shares For the year ended December 31, 2023 Shares Transferred to Employees Shares held by subsidiaries reclassified from investments accounted for using equity method to treasury shares		Thousand Shares	Thousand Shares	Reduction - - -		December 31	December 31
		Beginning of Year - 320,159 320,159	Addition 137,426 7,654 145,080			Thousand Shares 137,426 327,813 465,239	Book Value $ 3,564,348 8,830,392 $ 12,394,740

46 -

Purpose of Treasury Shares For the year ended December 31, 2022 Shares held by subsidiaries reclassified from investments accounted for using equity method to treasury shares		Thousand Shares	Thousand Shares	Reduction -		December 31	December 31
		Beginning of Year 320,159	Addition -			Thousand Shares 320,159	Book Value $ 8,649,421

The Corporation’s shares held by subsidiaries for the purpose of investment are accounted for as treasury shares (subsidiaries recorded those shares as financial assets at fair value through other comprehensive income – current and financial assets at fair value through other comprehensive income – noncurrent) based on the percentage of ownership held by the Corporation. The Corporation’s shares held by more than 50%-owned subsidiaries are not allowed to participate in the Corporation’s capital increase in cash and have no voting rights; other rights are the same as other ordinary shareholders. The increase or decrease of treasury shares was mainly due to acquisition and sale of the Corporation’s shares by subsidiaries or change in percentage of ownership.

Refer to Table 3 for the Corporation’s shares held by subsidiaries as of December 31, 2023 were 524,286 thousand shares regardless of the percentage of ownership held by the Corporation. As of December 31, 2023 and 2022 the market values of the treasury shares calculated by combined holding percentage were NT$8,852,083 thousand and NT$9,541,857 thousand, respectively.

In November 2023, the Corporation’s Board of Directors resolved to buy back 150,000 thousand shares of ordinary shares from the open market to transfer to employees. As of the end date of the scheduled purchase period in January 2024, the actual buy back shares amounted to 150,000 thousand shares, with a payment of NT$3,898,320 thousand, which had not yet been transferred to employees.

Under the Securities and Exchange Act, the number of shares bought back may not exceed 10% of the total number of issued and outstanding shares of the Corporation. The total amount of the shares bought back may not exceed the amount of retained earnings plus premium on capital stock plus realized capital reserve. The shares bought back for transfer to employees shall be transferred within five years from the date of buyback. The shares not transferred within the announced time limit shall be deemed as not issued by the Corporation, and amendment registration shall be processed.

The shares bought back for transfer to employees shall not be pledged and have no rights to vote and receive dividends.

23. OPERATING REVENUES

a. Contract balances

December 31, 2023 December 31, 2022 Notes and accounts receivable (Note 10) $ 3,325,915 $ 4,208,230 Contract assets Construction contracts $ 621,028 $ 839,682 Contract liabilities Sale of goods $ 827,881 $ 1,098,460 Construction contracts 272,072 353,893 $ 1,099,953 $ 1,452,353	January 1, 2022 $ 6,910,516 $ 179,901 $ 1,367,560 333,771 $ 1,701,331

47 -
b. Disaggregation of revenue

For the year ended December 31, 2023

Type of goods or services Sale of goods Others For the year ended December 31, 2022 Type of goods or services Sale of goods Others	Steel Department $ 191,708,554 - $ 191,708,554 Steel Department $ 244,865,758 - $ 244,865,758	Others $ - 5,440,604 $ 5,440,604 Others $ - 5,734,871 $ 5,734,871	Total $ 191,708,554 5,440,604 $ 197,149,158 Total $ 244,865,758 5,734,871 $ 250,600,629

c. Partially completed contracts

As of December 31, 2023 and 2022, the transaction prices allocated to the performance obligations that were not fully satisfied amounted to NT$2,004,439 thousand and NT$3,505,475 thousand, respectively. The Corporation will recognize revenue as the construction is being completed and the expected timing for recognition of revenue is on various dates through April 2026.

24. PROFIT BEFORE INCOME TAX

a. Interest income

Bank deposits Others	For the Year Ended	For the Year Ended	December 31
		2023 $ 140,779 117,848 $ 258,627	2022 $ 94,421 73,056 $ 167,477

b. Other income

Rental income Dividend income Royalty income Others	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 463,770 397,495 152,258 330,137 $ 1,343,660	2022 $ 442,187 428,438 178,133 844,627 $ 1,893,385

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c. Other gains and losses

For the Year Ended	For the Year Ended	December 31
2023 $ 570,870 15,364 (3,934) (91,124) (411,153) $ 80,023 For the Year Ended		2022 $ 711,924 28,415 7,640 (19,298) (528,976) $ 199,705 December 31
2023 2022 $ 1,207,476 $ 2,043,988 (636,606) (1,332,064) $ 570,870 $ 711,924 For the Year Ended December 31
2023 2022 $ 669,431 $ 794,603 264,698 233,459 692,697 162,288 13,460 10,442 1,640,286 1,200,792 246,010 204,099 $ 1,394,276 $ 996,693 For the Year Ended December 31
	2023 $ 246,010 1.28-1.53	2022 $ 204,099 0.95-1.47

d. Finance costs

49 -

e. Depreciation and amortization

Property, plant and equipment Right-of-use assets Investment properties Intangible assets An analysis of depreciation by function Operating costs Operating expenses Others An analysis of amortization by function Operating costs	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 13,099,338 394,906 21,783 - $ 13,516,027 $ 12,843,443 644,600 27,984 $ 13,516,027 $ -	2022 $ 14,863,425 350,383 22,505 4,978 $ 15,241,291 $ 14,572,118 641,690 22,505 $ 15,236,313 $ 4,978

f. Employee benefits

Short-term employee benefits Salaries Labor and health insurance Others Post-employment benefits Defined contribution plans Defined benefit plans (Note 21) Termination benefits Analysis of employee benefits by function Operating costs Operating expenses Others	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 12,468,519 1,027,955 518,469 14,014,943 425,408 402,747 828,155 68,768 $ 14,911,866 $ 12,272,385 2,489,650 149,831 $ 14,911,866	2022 $ 16,144,582 1,128,873 641,644 17,915,099 387,861 458,601 846,462 66,833 $ 18,828,394 $ 15,388,306 3,166,307 273,781 $ 18,828,394

g. Compensation of employees and remuneration of directors

According to the Articles of Incorporation, the article stipulates the Corporation distributed compensation of employees and remuneration of directors at the rates no less than 0.1% and no higher than 0.15%, respectively, of the pre-tax profit prior to deducting compensation of employees and remuneration of directors.

50 -

The compensation of employees and remuneration of directors for the years ended December 31, 2023 and 2022 which have been approved by the Corporation’s board of directors in February 2024 and 2023, respectively, were as follows:

Compensation of employees Remuneration of directors	For the Year Ended December 31
	2023 2022 $ 117,132 $ 1,265,030 2,196 23,719

If there is a change in the amounts after the annual financial statements are authorized for issue, the difference is recorded as a change in accounting estimate in the next following year.

There is no difference between the amounts of compensation of employees and remuneration of directors approved in the board of directors and the amounts recognized in the financial statements for the years ended December 31, 2022 and 2021.

Information on the compensation of employees and remuneration of directors resolved by the board of directors are available on the Market Observation Post System website of the Taiwan Stock Exchange.

25. INCOME TAX

a. Income tax recognized in profit or loss

The major components of income tax were as follows:

Current tax In respect of the current year In respect of prior years Deferred tax In respect of the current year In respect of prior years	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ - (75,292) 488,710 12,129 $ 425,547	2022 $ 2,180,663 (101,188) 515,709 (12,390) $ 2,582,794

The reconciliation of accounting profit and income tax expense was as follows:

Profit before income tax Income tax expense calculated at the statutory rate Non-deductible expenses in determining taxable income Tax-exempt income Realized investment loss Investment credits in respect of the current year Unrecognized loss carryforwards Adjustments for prior years’ tax in respect of the current year	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 2,107,226 $ 421,445 19,591 (181,865) - - 229,539 (63,163) $ 425,547	2022 $ 20,366,569 $ 4,073,314 11,918 (1,344,740) (27,686) (16,434) - (113,578) $ 2,582,794

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b. Income tax recognized directly in equity

Current tax Reversal of special reserve due to disposal of property, plant and equipment Deferred tax Reversal of special reserve due to disposal of property, plant and equipment	For	the Year Ended December 31	the Year Ended December 31
		2023 $ 316 (316) $ -	2022 $ 446 (446) $ -

c. Income tax benefit (expense) recognized in other comprehensive income (loss)

Current – fair value changes of cash flow hedges Current – remeasurement of defined benefit plan Fair value changes of hedging instruments in cash flow hedges transferred to adjust carrying amounts of hedged items	For the Year Ended	For the Year Ended	December 31
		2023 $ 39,292 10,125 2,384 $ 51,801	2022 $ (39,604) (258,499) (3,235) $ (301,338)

d. Deferred tax assets and liabilities

Movements of deferred tax assets and liabilities were as follows:

For the Year Ended December 31, 2023

Deferred taxassets Temporary differences Defined benefit pension plan Unrealized loss on inventories Provision Unrealized gain on the transactions with subsidiaries and associates Others Deferred tax liabilities Temporary differences Land value increment tax Depreciation Foreign investment gain Others	Balance, Beginning of Year Recognized in Profit or Loss Recognized in Other Comprehensive Income $ 882,163 $ (27,916 ) $ 10,125 1,228,750 (463,698 ) - 598,142 205,633 - 150,992 6,990 - 88,344 5,519 12,222 $ 2,948,391 $ (273,472) $ 22,347 $ 10,011,916 $ - $ - 335,003 (25,360 ) - 1,512,036 254,205 - 133,903 (1,478) (29,454) $ 11,992,858 $ 227,367 $ (29,454)	Recognized Directly in Equity $ - - - - - $ - $ - - - (316) $ (316)	Balance, End of Year $ 864,372 765,052 803,775 157,982 106,085
			$ 2,697,266
			$ 10,011,916 309,643 1,766,241 102,655
			$ 12,190,455

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For the Year Ended December 31, 2022

Deferred taxassets Temporary differences Defined benefit pension plan Unrealized loss on inventories Provision Unrealized gain on the transactions with subsidiaries and associates Others Deferred tax liabilities Temporary differences Land value increment tax Depreciation Foreign investment gain Others	Balance, Beginning of Year Recognized in Profit or Loss Recognized in Other Comprehensive Income $ 1,274,762 $ (134,100 ) $ (258,499 ) 863,247 365,503 - 863,771 (265,629 ) - 267,603 (116,611 ) - 203,196 (101,466) (13,386 ) $ 3,472,579 $ (252,303) $ (271,885) $ 10,011,916 $ - $ - 404,011 (69,008 ) - 1,180,596 331,440 - 116,312 (11,416) 29,453 $ 11,712,835 $ 251,016 $ 29,453	Recognized Directly in Equity $ - - - - - $ - $ - - - (446) $ (446)	Balance, End of Year $ 882,163 1,228,750 598,142 150,992 88,344
			$ 2,948,391
			$ 10,011,916 335,003 1,512,036 133,903
			$ 11,992,858

e. Income tax assessments

The Corporation’s income tax returns through 2019 have been assessed by the tax authorities.

26. EARNINGS PER SHARE

The net profit and weighted average number of ordinary shares outstanding in the computation of earnings per share were as follows:

Net profit for the year

Net profit for the year attributable to owners of the Corporation Less: Dividends on preference shares Net profit used in computation of basic earnings per share Add: Dividends on preference shares Net profit used in computation of diluted earnings per share Number of shares (in thousand shares)	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 1,681,679 53,575 1,628,104 - $ 1,628,104	2022 $ 17,783,775 53,575 17,730,200 - $ 17,730,200

Weighted average number of ordinary shares used in computation of basic earnings per share Effect of dilutive potential ordinary shares: Compensation of employees Convertible preference shares Weighted average number of ordinary shares used in computation of diluted earnings per share	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 15,395,916 10,332 - 15,406,248	2022 15,414,702 62,148 - 15,476,850

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Preference shares were not included in the calculation of diluted earnings per share for the years ended December 31, 2023 and 2022 because of their anti-dilutive effect.

Since the Corporation offered to settle the compensation paid to employees in cash or shares, the Corporation assumed the entire amount of the compensation will be settled in shares and the resulting potential shares were included in the weighted average number of shares outstanding used in the computation of diluted earnings per share, as the effect is dilutive. Such dilutive effect of the potential shares is included in the computation of diluted earnings per share until the number of shares to be distributed to employees is resolved in the following year.

27. CAPITAL MANAGEMENT

The management of the Corporation optimized the balances of working capital, debt and equity as well as the related cost through monitoring the Corporation’s capital structure and capital demand by reviewing quantitative data and considering industry characteristics, domestic and international economic environment, interest rate fluctuation, strategies for development, etc.

28. FINANCIAL INSTRUMENTS

a. Fair value of financial instruments that are not measured at fair value

The management believes the carrying amounts of financial instruments, including cash and cash equivalents, receivables and payables recognized in the consolidated financial statements approximated their fair values.

b. Fair value of financial instruments that are measured at fair value on a recurring basis
1) Fair value hierarchy

December 31, 2023 Financial assets at fair value through profit or loss Foreign unlisted preference shares Financial assets at fair value through other comprehensive income Equity instruments Domestic listed shares Foreign listed shares Domestic unlisted shares Foreign unlisted shares	Level 1 $ - $ 10,113,150 3,033,509 - - $ 13,146,659	Level 2 $ - $ - - - - $ -	Level 3 $ 658,398 $ - - 843,775 28,510,524 $ 29,354,299	Total $ 658,398 $ 10,113,150 3,033,509 843,775 28,510,524 $ 42,500,958

54 -

Financial assets for hedging Foreign exchange forward contracts Financial liabilities for hedging Foreign exchange forward contracts December31,2022 Financial assets at fair value through profit or loss Foreign unlisted preference shares Financial assets at fair value through other comprehensive income Equity instruments Domestic listed shares Foreign listed shares Domestic unlisted shares Foreign unlisted shares Financial assets for hedging Foreign exchange forward contracts Financial liabilities for hedging Foreign exchange forward contracts	Level 1 $ - $ - $ - $ 9,302,598 2,023,916 - - $ 11,326,514 $ - $ -	Level 2 $ 79,759 $ 1,176 $ - $ - - - - $ - $ 120,862 $ 2,162	Level 3 $ - $ - $ 712,241 $ - - 718,344 27,445,211 $ 28,163,555 $ - $ -	Total $ 79,759 $ 1,176 $ 712,241 $ 9,302,598 2,023,916 718,344 27,445,211 $ 39,490,069 $ 120,862 $ 2,162

There was no transfer between Level 1 and Level 2 for the years ended December 31, 2023 and 2022.

2) Reconciliation of Level 3 fair value measurements of financial assets

For the year ended December 31, 2023

			Financial Assets
	Financial Assets		at Fair Value
	at	Fair Value	Through Other
		Through	Comprehensive
Financial Assets	Profit or Loss		Income	Total
Balance, beginning of the year	$	712,241	$ 28,163,555	$ 28,875,796
Recognized in profit or loss		(53,843)		(53,843)

55 -

Financial Assets
Financial Assets
at Fair Value
Through
Profit or Loss
Financial Assets
at Fair Value
Through Other
Comprehensive
Income

Recognized in other comprehensive
income (loss)
$ -
$ 1,190,744

Balance, end of the year
$ 658,398
$ 29,354,299

For the year ended December 31, 2022
Financial Assets
Financial Assets
at Fair Value
Through
Profit or Loss
Financial Assets
at Fair Value
Through Other
Comprehensive
Income

Balance, beginning of the year
$ 731,198 $ 27,356,974
Recognized in profit or loss

(18,957)
-
Recognized in other comprehensive
income (loss)

-

806,581

Balance, end of the year
$ 712,241
$ 28,163,555

Total
$ 1,190,744
$ 30,012,697
Total
$ 28,088,172

(18,957)

806,581
$ 28,875,796

3) Valuation techniques and inputs applied for the purpose of measuring Level 2 fair value measurement.

Derivative instruments – A discounted cash flow analysis was performed using the applicable yield curve for the duration of the derivative instruments for foreign exchange forward contracts. The estimates and assumptions used by the Corporation were consistent with those that market participants would use in setting a price for the financial instrument.

4) Valuation techniques and inputs applied for the purpose of measuring Level 3 fair value measurement
a) For domestic unlisted shares, fair values were determined based on industry types or valuations of similar companies and operations.
b) For other foreign unlisted shares, fair values were measured under income approach and calculated by the present value of the expected returns by using a discounted cash flow model. Significant unobservable inputs were as follows; if the long-term pre-tax operating income rate increased or discount rate decreased, the fair value of the investments would increase.

Long-term pre-tax operating income rate (%) Discount rate (%)	December 31
	2023 2022 9.26 13.38 9.79 10.50

If the below input to the valuation model was changed to reflect reasonably possible alternative assumptions while all other variables were held constant, the fair value of the equity investment would increase (decrease) as follows:

56 -

Long-term pre-tax operating income rate Increase 1% Decrease 1% Discount rate Increase 1% Decrease 1%		December 31	December 31
		2023 $ 220,195 $ (220,195) $ (243,379) $ 316,245	2022 $ 174,148 $ (174,792) $ (264,893) $ 335,073

c) For parts of foreign unlisted shares, their fair values were measured under the market approach. In particular significant unobservable inputs included discount for lack of marketability and control premium. If discount for lack of marketability decreased or control premium increased, the fair values of the investments would increase.
c. Categories of financial instruments

Financial assets Financial assets at fair value through profit or loss Financial assets for hedging Financial assets at amortized cost 1) Financial assets at fair value through other comprehensive income Financial liabilities Financial liabilities for hedging Financial liabilities at amortized cost 2)	December 31
	2023 2022 $ 658,398 $ 712,241 3,285,852 1,104,158 17,509,844 22,594,916 42,500,958 39,490,069 978,033 1,047,381 142,231,317 133,458,993

1) The balances include financial assets measured at amortized cost, which comprise cash and cash equivalents, notes and accounts receivable (including related parties), other receivables (including loans to related parties), refundable deposits and other financial assets.
2) The balances include financial liabilities measured at amortized cost, which comprise short-term borrowings and bank overdraft, short-term bills payable, notes and accounts payable (including related parties), other payables, refund liabilities, bonds payable, long-term bank borrowings, long-term bills payable and deposits received.
d. Financial risk management objectives and policies

The Corporation places great emphasis on financial risk management. By tracking and managing the market risk, credit risk, and liquidity risk efficiently, the management ensured that the Corporation was equipped with sufficient and cost – efficient working capital, which reduced financial uncertainty that may have adverse effects on the operations.

The significant financial activities of the Corporation are reviewed by the board of directors in accordance with relevant regulations and internal controls. The finance department follows the accountability and related financial risk control procedures required by the Corporation for executing financial projects. Compliance with policies and exposure limits is continually reviewed by the internal auditors. The Corporation did not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes.

57 -

1) Market risk

a) Foreign currency risk

The Corporation was exposed to foreign currency risk due to purchases, construction undertaking, capital expenditures and equity investments denominated in foreign currencies. Exchange rate exposures were managed within approved policy parameters utilizing foreign exchange forward contracts, foreign deposits or foreign borrowings.

The carrying amounts of the significant non-functional currency monetary assets and liabilities at the end of the reporting period were referred to Note 32.

The Corporation was mainly exposed to the USD. The following table details the sensitivity to a 1% increase in NTD against the relevant foreign currency.

Pre-tax profit or loss Equity	USD Impact
	For the Year Ended December 31
	2023 2022 $ 30,422 i $ (6,918) i (1,992 ) ii (5,196 ) ii

i. These were mainly attributable to the exposure of cash, outstanding receivables, other financial assets and payables and short-term borrowings which were not hedged at the balance sheet date.
ii. These were attributable to financial assets for hedging that were designated as hedging instruments in cash flow hedges.

In management’s opinion, the sensitivity analysis was unrepresentative of the inherent foreign exchange risk because the exposure at the balance sheet date did not reflect the exposure during the year.

Hedge accounting

The Corporation’s hedging strategies were as follows:

i. The Corporation and its subsidiaries’ hedging strategy is to enter into foreign exchange forward contracts and purchase foreign currency to hedge. Those transactions are designated as cash flow hedges.
ii. The Corporation has designated certain foreign currency bank borrowing as a hedge to manage its foreign currency risk:
i) Currency risks on foreign equity investments are accounted for as fair value hedge. Changes in the fair value of hedging instruments are recognized, based on the nature of hedged items, either in other gains or losses or other comprehensive income. The Corporation performs assessment of hedging effectiveness and it expects that the value of foreign currency borrowing and the value of the foreign equity investment will systematically change in opposite direction in response to movements in the underlying exchange rates.
58 -
ii) Foreign currency risk on investments in foreign operations is managed by using foreign currency bank borrowing as a hedge instrument to hedge the investments.

The following tables summarize the information relating to the hedges of foreign currency risk.

December 31, 2023

Hedging Instruments/ Line Item in Carrying Amount Hedged Items Balance Sheet Asset Liability Cash flow hedge Foreign exchange forward contracts/Forecast purchases contracts Financial assets/ liabilities for hedging $ 79,759 $ 1,176 Hedging foreign-currency deposits/Forecast purchases and construction contracts Financial assets for hedging 3,206,093 - Net investment hedge in foreign operations Foreign currency bank borrowings/Investment in foreign operations - - - Fair value hedge Foreign currency bank borrowings/Financial assets at FVTOCI Financial liabilities for hedging - 263,681 Foreign currency bank borrowings/Financial assets at FVTPL Financial liabilities for hedging - 713,176 Change in Fair Value of Hedging Instruments Used for Change in Fair Value of Hedged Items Used for Fair Value Hedge – Hedged Items’ Fair Value Hedge – Accumulated Amount of Fair Calculating Calculating Balance in Other Equity Carrying Value Hedge Hedging Instruments/ Hedge Hedge Continuing Discontinuing Amount Adjustments Hedged Items Ineffectiveness Ineffectiveness Hedges Hedges Asset Asset Cash flow hedge Foreign exchange forward contracts/ $ (40,117) $ (40,117) $ 78,583 $ - NA NA Forecast purchases contracts Hedging foreign-currency deposits/ (168,255) 168,255 (139,688) - NA NA Forecast purchases and construction contracts Net investment hedge in foreign operations Foreign currency bank borrowings/Investment in foreign operations - - - 3,788,786 NA NA Fair value hedge Foreign currency bank borrowings/Financial assets at FVTOCI 18,453 (18,271) 94,548 88,920 $ 331,447 $ (84,757) Foreign currency bank borrowings/Financial assets at FVTPL 49,909 (50,661) NA NA 658,398 (294,366)	Hedging Instruments/ Line Item in Carrying Amount Hedged Items Balance Sheet Asset Liability Cash flow hedge Foreign exchange forward contracts/Forecast purchases contracts Financial assets/ liabilities for hedging $ 79,759 $ 1,176 Hedging foreign-currency deposits/Forecast purchases and construction contracts Financial assets for hedging 3,206,093 - Net investment hedge in foreign operations Foreign currency bank borrowings/Investment in foreign operations - - - Fair value hedge Foreign currency bank borrowings/Financial assets at FVTOCI Financial liabilities for hedging - 263,681 Foreign currency bank borrowings/Financial assets at FVTPL Financial liabilities for hedging - 713,176 Change in Fair Value of Hedging Instruments Used for Change in Fair Value of Hedged Items Used for Fair Value Hedge – Hedged Items’ Fair Value Hedge – Accumulated Amount of Fair Calculating Calculating Balance in Other Equity Carrying Value Hedge Hedging Instruments/ Hedge Hedge Continuing Discontinuing Amount Adjustments Hedged Items Ineffectiveness Ineffectiveness Hedges Hedges Asset Asset Cash flow hedge Foreign exchange forward contracts/ $ (40,117) $ (40,117) $ 78,583 $ - NA NA Forecast purchases contracts Hedging foreign-currency deposits/ (168,255) 168,255 (139,688) - NA NA Forecast purchases and construction contracts Net investment hedge in foreign operations Foreign currency bank borrowings/Investment in foreign operations - - - 3,788,786 NA NA Fair value hedge Foreign currency bank borrowings/Financial assets at FVTOCI 18,453 (18,271) 94,548 88,920 $ 331,447 $ (84,757) Foreign currency bank borrowings/Financial assets at FVTPL 49,909 (50,661) NA NA 658,398 (294,366)	Carrying Amount	Carrying Amount	Carrying Amount
	Continuing Discontinuing Hedges Hedges $ 78,583 $ - (139,688) - - 3,788,786 94,548 88,920 NA NA
			Asset NA NA NA $ 331,447 658,398	Asset NA NA NA $ (84,757) (294,366)

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December 31, 2022

Hedging Instruments/ Line Item in Hedged Items Balance Sheet Cash flow hedge Foreign exchange forward contracts/Forecast purchases contracts Financial assets/ liabilities for hedging Hedging foreign-currency deposits/Forecast purchases and construction contracts Financial assets for hedging Net investment hedge in foreign operations Foreign currency bank borrowings/Investment in foreign operations - Fair value hedge Foreign currency bank borrowings/Financial assets at FVTOCI Financial liabilities for hedging Foreign currency bank borrowings/Financial assets at FVTPL Financial liabilities for hedging Change in Fair Value of Hedging Instruments Used for Change in Fair Value of Hedged Items Used for Calculating Calculating Balance i Hedging Instruments/ Hedge Hedge Continuing Hedged Items Ineffectiveness Ineffectiveness Hedges Cash flow hedge Foreign exchange forward contracts/ $ 150,054 $ (150,054) $ 118,700 Forecast purchases contracts Hedging foreign-currency deposits/ 64,144 (64,144) 28,567 Forecast purchases and construction contracts Net investment hedge in foreign operations Foreign currency bank borrowings/Investment in foreign operations - - - Fair value hedge Foreign currency bank borrowings/Financial assets at FVTOCI 9,833 (9,736) 76,095 Foreign currency bank borrowings/Financial assets at FVTPL 26,597 (26,998) NA For the year ended December 31, 2023	Carrying Amount	Carrying Amount	Carrying Amount
	Asset Liability $ 120,862 $ 2,162 983,296 - - - - 282,134 - 763,085 Fair Value Hedge – Hedged Items’ Fair Value Hedge – Accumulated Amount of Fair n Other Equity Carrying Value Hedge Discontinuing Amount Adjustments Hedges Asset Asset $ - NA NA - NA NA 3,788,786 NA NA 88,920 $ 236,118 $ (66,486) NA 712,241 (243,705)
Continuing Hedges $ 118,700 28,567 - 76,095 NA	Discontinuing Hedges $ - - 3,788,786 88,920 NA
		Asset NA NA NA $ 236,118 712,241	Asset NA NA NA $ (66,486) (243,705)

Effect on Comprehensive Income (Loss) Hedging Gains (Losses) Recognized in OCI Amount of Hedge Ineffectiveness Recognized in P/L Line Item in Which Hedge Ineffectiveness is Included Cash flow hedge Foreign exchange forward contracts $ (40,117 )$ - - Hedging foreign – currency deposits (168,255 ) - -	Amount Reclassified to P/L and the Adjusted Line Item
	Due to Hedged Item Affecting P/L Due to Hedged Future Cash Flows No Longer Expected to Occur $ - $ - - -

60 -

For the year ended December 31, 2022

Effect on Comprehensive Income (Loss) Hedging Gains (Losses) Recognized in OCI Amount of Hedge Ineffectiveness Recognized in P/L Line Item in Which Hedge Ineffectiveness is Included Cash flow hedge Foreign exchange forward contracts $ 150,054 $ - - Hedging foreign – currency deposits 64,144 - -	Amount Reclassified to P/L and the Adjusted Line Item
	Due to Hedged Item Affecting P/L Due to Hedged Future Cash Flows No Longer Expected to Occur $ - $ - - -

The outstanding foreign exchange forward contracts of the Corporation at the balance sheet date were as follows:

				Period for Generating Cash	Contract Amount
			Currency	Flows and Maturity Date	(In Thousands)
December	31,	2023
Buy			NTD/USD	2024.02-2026.08	NTD1,130,698/USD40,877
December	31,	2022
Buy			NTD/USD	2023.01-2026.08	NTD2,008,860/USD73,194
Buy			NTD/JPY	2023.03	NTD6,248/JPY21,500

b) Interest rate risk

The Corporation was exposed to interest rate risk because the Corporation borrowed funds at both fixed and floating interest rates. The risk is managed by the Corporation by maintaining an appropriate mix of fixed and floating rate borrowings.

The carrying amounts of the Corporation’s financial liabilities with exposure to interest rates at the balance sheet date were as follows:

Fair value interest rate risk Financial liabilities Cash flow interest rate risk Financial liabilities	December 31
	2023 2022 $ 88,401,704 $ 62,882,102 36,030,933 49,406,624

If interest rates had been 1% higher/lower and all other variables were held constant, the Corporation’s pre-tax profit for the years ended December 31, 2023 and 2022 would have been lower/higher by NT$ 360,309 thousand and NT$494,066 thousand, respectively.

c) Other price risk

The Corporation was exposed to equity price risk through its investments in domestic and foreign listed shares.

If equity prices had been 1% lower/higher, the other comprehensive income for the year ended December 31, 2023 and 2022 would have been lower/higher by NT$131,467 thousand and NT$113,265 thousand, respectively, as a result of the changes in fair value of financial assets at fair value through other comprehensive income.

61 -

2) Credit risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the Corporation. As of the balance sheet date, the Corporation’s maximum exposure to credit risk is the carrying amount of the financial assets on the standalone balance sheets and the amount of contingent liabilities in relation to financial guarantee issued by the Corporation.

The Corporation does not expect significant credit risk because the counterparties are creditworthy financial institutions and companies. The Corporation did transactions with a large number of unrelated customers and no concentration of credit risk was observed.

As of December 31, 2023 and 2022, the maximum credit risk of off-balance-sheet guarantees provided to related parties for procurement and investment compliance was NT$5,293,503 thousand and NT$4,492,540 thousand, respectively.

3) Liquidity risk

The management of the Corporation continuously monitors the movement of cash flows, net cash position, significant capital expenditures and the utilization of bank loan commitments to control proportion of the long-term and short-term bank loans or issue bonds payable, and ensures compliance with loan covenants.

The following table details the undiscounted cash flows of the Corporation’s remaining contractual maturity for its non-derivative financial liabilities from the earliest date on which they can be required to pay. The tables included both interest and principal cash flows. Specifically, bank loans with a repayment on demand clause were included in the earliest time span regardless of the probability of the banks choosing to exercise their rights. The maturity dates for other non-derivative financial liabilities were based on the agreed repayment dates.

As of December 31, 2023, the Corporation’s current liabilities exceeded current assets by NT$2,012,254 thousand. However, the Corporation’s management considers that there are sufficient cash flows and loan covenants to support their operations.

The following table presents the maturity analysis of financial liabilities:

December 31, 2023 Non-derivative financial liabilities Non-interest bearing liabilities Lease liabilities Variable interest rate liabilities Fixed interest rate liabilities Refund liabilities Financial guarantee liabilities	Less Than 1 Year $ 18,113,218 319,085 15,708,388 45,988,952 1,452,514 - $ 81,582,157	1-5 Years $ - 573,401 20,543,114 40,436,568 - 291,755 $ 61,844,838	Over 5 Years $ - 152,874 - 3,605,089 - 5,001,748 $ 8,759,711	Total $ 18,113,218 1,045,360 36,251,502 90,030,609 1,452,514 5,293,503
				$ 152,186,706

62 -

December 31, 2022 Non-derivative financial liabilities Non-interest bearing liabilities Lease liabilities Variable interest rate liabilities Fixed interest rate liabilities Refund liabilities Financial guarantee liabilities	Less Than 1 Year $ 20,819,471 362,146 25,644,543 22,879,118 2,275,656 - $ 71,980,934	1-5 Years $ - 698,415 24,235,194 29,693,220 - 90,094 $ 54,716,923	Over 5 Years $ - 150,261 - 11,793,344 - 4,402,446 $ 16,346,051	Total $ 20,819,471 1,210,822 49,879,737 64,365,682 2,275,656 4,492,540
				$ 143,043,908

The amounts included above for financial guarantee contracts were the maximum amounts the Corporation could be required to settle under the arrangement for the full guaranteed amount if that amount is claimed by the counterparty to the guarantee. Based on expectations at the balance sheet date, the Corporation considers that it is more likely than not that none of the amount will be payable under the arrangement.

29. TRANSACTIONS WITH RELATED PARTIES

a. The name of the company and its relationship with the Corporation

Company
C. S. Aluminium Corporation (CSAC)
China Steel Express Corporation (CSE)
China Steel Chemical Corporation (CSCC)
China Steel Global Trading Corporation (CSGT)
CHC Resources Corporation (CHC)
China Ecotek Corporation (CEC)
China Steel Structure Co., Ltd. (CSSC)
Chung Hung Steel Corporation (CHS)
China Steel Machinery Corporation (CSMC)
Gains Investment Corporation (GIC)
China Steel Security Corporation (CSS)
China Prosperity Development Corporation. (CPDC)
InfoChamp Systems Corporation (Info Champ)
Ever Wealthy International Corporation
China Steel Management Consulting Corporation
Himag Magnetic Corporation
Magnpower Corporation
Dragon Steel Corporation (DSC)
China Steel Nippon Steel Vietnam Joint Stock Company
(CSVC)
CSGT (Singapore) Pte. Ltd.
CSE Transport Corporation
Mentor Consulting Corporation
Steel Castle Technology Corporation
Union Steel Development Corp.

Relationship

63 -

Company
Betacera Inc.
Wabo Global Trading Corporation
Universal Exchange Inc.
United Steel Engineering & Construction Corporation (USEC)
Thintech Materials Technology Co., Ltd.
CSGT Metals Vietnam Joint Stock Company (CSGT-VTM)
CSC Steel Sdn. Bhd. (CSCM)
CSGT Japan Co., Ltd.
CSGT (Shenzhen) Co., Ltd.
CSGT (Shanghai) Co., Ltd.
Gau Ruei Investment Corporation
Chiun Yu Investment Corporation
Taiwan Intelligent Transportation Co., Ltd.
Changzhou China Steel Precision Materials Co., Ltd. (CSPM)
CSCI Steel Corporation India Pvt. Ltd. (CSCI)
China Steel Precision Metals-Qingdao Co., Ltd. (CSMQ)
China Steel Precision Metals Kunshan Co., Ltd. (CSPK)
Hung Kao Investment Corporation
China Steel Resources Corporation (CSRC)
CK Japan Co., Ltd.
China Steel Management and Maintenance for Buildings
Corporation
Kaohsiung Rapid Transit Corporation (KRTC)
Kaoport Stevedoring Corporation
Pao Good Industrial Co., Ltd.
CSC Sonoma Pty Ltd
CSC Solar Corporation
Sing Da Marine Structure Corporation (SDMS)
China Steel Power Holding Corporation (CPHC)
China Steel Power Corporation (ZN)
CSGT Trading India Private Limited
CSC Steel Australia Holdings Pty Ltd
TaiAn Technologies Corporation
Hsin Hsin Cement Enterprise Corporation
TSK Steel Company Limited
Fukuta Electric & Machinery Co., Ltd.
Honley Auto. Parts Co., Ltd. (HONLEY)
Taiwan Rolling Stock Company Ltd.
Eminent II Venture Capital Corporation
Overseas Investment & Development Corporation
Kaohsiung Arena Development Corporation
Dyna Rechi Co., Ltd.
Changchun CECK Auto. Parts Co., Ltd. (CCCA)
Dyna Rechi (Jiujiang) Co., Ltd.
Formosa Ha Tinh (Cayman) Limited (FHC)
Formosa Ha Tinh Steel Corporation

Relationship

Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Subsidiary
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
The Corporation as key
management of parent company;
Associate before November 2023
(included)
Subsidiary of associates before
November 2022
The Corporation as key
management of ultimate parent
company; Subsidiary of
associates before November 2023
(included)
Other related party
Other related party

64 -

Company
CSC Educational Foundation
CSBC Corporation, Taiwan
CDIB Bioscience Ventures I, Inc.
Rechi Precision Co., Ltd.
East Asia United Steel Corporation
Taiwan High Speed Rail Corporation
Tang Eng Iron Works Co., Ltd.
Taiwan International Wind power Training Corporation
Sakura Ferroalloys Sdn. Bhd.
TCL Rechi (Huizhou) Refrigeration Equipment Ltd.
Rechi Refrigeration (Dongguan) Co, Ltd.
CSC Labor Union
Ministry of Economic Affairs, R.O.C

Relationship

Other related party
The Corporation as key
management of other related
parties; Discharge in June 2022
The Corporation as key
management of other related
parties
The Corporation as key
management of other related
parties
The Corporation as key
management of other related
parties
The Corporation as key
management of other related
parties
The Corporation as key
management of other related
parties
The Corporation as key
management of other related
parties
The Corporation as key
management of other related
parties
The Corporation as key
management of parent company
The Corporation as key
management of parent company
Director of the Corporation
Director of the Corporation

b. Operating revenue

Account Items Related Parties Types Revenue from sales of goods Subsidiaries Associates Others	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 24,408,140 1,326,236 - $ 25,734,376	2022 $ 31,577,175 1,038,035 534,737 $ 33,149,947

Sales to related parties were made at arm’s length and at terms applicable to similar transactions in the market except for terms of sales to CSCM, CSCI, CSVC and CSGT-VTM, in which the receivables were collected within 14 days after shipment, terms of sales to CSMQ, in which the receivables were collected within 60 days after shipment, terms of sales to CSPK, in which the receivables were collected within 85 days after shipment, and terms of sales to some subsidiaries without similar transactions with other unrelated parties.

65 -

c. Purchase of goods

Related Parties Types/Names Subsidiaries DSC Others Others	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2023 $ 10,294,034 12,281,306 166,895 $ 22,742,235	2022 $ 20,842,445 16,998,983 123,542 $ 37,964,970

Purchases from related parties were made at arm’s length and at terms applied to similar transactions in the market except for terms of purchases from some subsidiaries without similar transactions with other unrelated parties.

d. Receivables from related parties (not including loans to related parties)

Account Items Related Parties Types Accounts receivable Subsidiaries Others		December 31	December 31
		2023 $ 1,034,561 46,137 $ 1,080,698	2022 $ 895,123 14,910 $ 910,033

No guarantee had been received for receivables from related parties. For the years ended December 31, 2023 and 2022, no impairment loss was recognized for receivables from related parties.

e. Payables to related parties (not including loans from related parties)

Account Items Related Parties Types Accounts payable Subsidiaries Others		December 31	December 31
		2023 $ 901,864 27,767 $ 929,631	2022 $ 935,074 19,572 $ 954,646

The outstanding accounts payable to related parties are unsecured.

f. Loans to related parties (recognized as other receivables – loans to related parties)

Related Parties Types/Names Subsidiaries SDMS KRTC CSRC CSAC		December 31	December 31
		2023 $ 2,000,000 1,100,000 800,000 600,000 $ 4,500,000	2022 $ 2,000,000 1,000,000 900,000 2,060,000 $ 5,960,000

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The Corporation provided short-term loans to its subsidiaries, with the interest rate calculated at the latest 30-day average rate of the Corporation’s short-term loans in the same currencies from ordinary financial institutions. As of December 31, 2023 and 2022, the interest rate was 1.62%-1.73% p.a. and 1.52%-1.63% p.a., respectively.

Loans to the Corporation’s subsidiaries were unsecured loans with interest income of NT$75,372 thousand and NT$51,352 thousand for the years ended December 31, 2023 and 2022, respectively.

g. Loans from related parties (recognized as short-term borrowings and bank overdraft)

Related Parties Types/Names Subsidiaries CPDC CSMC CHS Others		December 31	December 31
		2023 $ 850,000 700,000 - 120,000 $ 1,670,000	2022 $ 850,000 600,000 300,000 40,000 $ 1,790,000

The rate of loans from subsidiaries is calculated at the latest 30-day average rate of the Corporation’s short-term loans in the same currencies from ordinary financial institutions and adjusted based on the circumstances. As of December 31, 2023 and 2022, the interest rate was 1.61%-1.62% p.a. and 1.53%-1.54% p.a., respectively.

Loans from the Corporation’s subsidiaries were unsecured loans with interest expense of NT$28,092 thousand and NT$16,428 thousand for the years ended December 31, 2023 and 2022, respectively.

h. Other related parties transactions
1) The Corporation signed brokerage contract with its subsidiary DSC. For the years ended December 31, 2023 and 2022, the commission revenue was NT$492,446 thousand and NT$396,416 thousand, respectively.

The balances of consignment payable to related parties, which were included in other payables, were as follows:

December 31 Related Parties Types/Names 2023 2022 Subsidiary DSC $ 1,266,468 $ 579,400 Other revenue which pertained to services, processing of products, utilities, royalties and other services to related parties was recognized as operating revenue and non-operating income as follows: For the Year Ended December 31 Related Parties Types 2023 2022 Subsidiaries $ 2,122,670 $ 1,692,383 The Corporation as key management of other related parties 176,178 477,591 Other related parties 101,763 180,006 Others 4,342 4,595 $ 2,404,953 $ 2,354,575		December 31	December 31
		2023 $ 2,122,670 176,178 101,763 4,342 $ 2,404,953	2022 $ 1,692,383 477,591 180,006 4,595 $ 2,354,575

2) Other revenue which pertained to services, processing of products, utilities, royalties and other services to related parties was recognized as operating revenue and non-operating income as follows:
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3) Other expenditures paid to related parties which pertained to commissions for processing services, maintenance and repairs, construction, commissions for export and import services, etc. were recognized as operating costs, manufacturing expenses, operating expenses and non-operating expenses.

For the Year Ended December 31 Related Parties Types 2023 2022 Subsidiaries $ 10,752,204 $ 10,676,372 Others 366,766 91,297 $ 11,118,970 $ 10,767,669 Capital expenditures For the Year Ended December 31 Related Parties Types/Names 2023 2022 Subsidiaries CEC $ 3,501,774 $ 3,796,203 CSMC 2,352,387 1,247,070 USEC 1,574,683 877,283 Others 1,016,764 1,099,353 $ 8,445,608 $ 7,019,909 The balances of outsourced repair and construction payable (recognized as other payables) were as follows: December 31 Related Parties Types/Names 2023 2022 Subsidiaries USEC $ 314,238 $ 116,206 CEC 298,954 398,641 Others 122,888 147,050 $ 736,080 $ 661,897	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
	2023 2022 $ 10,752,204 $ 10,676,372 366,766 91,297 $ 11,118,970 $ 10,767,669 For the Year Ended December 31
		2023 $ 314,238 298,954 122,888 $ 736,080	2022 $ 116,206 398,641 147,050 $ 661,897

4) Capital expenditures

5) As of December 31, 2023 and 2022, guarantees provided to the related parties for investment compliance were as follows:

Related Parties Types/Names Subsidiaries – ZN Amount endorsed Amount utilized		December 31	December 31
		2023 $ 7,156,210 (4,498,303) $ 2,657,907	2022 $ 7,156,210 (3,889,215) $ 3,266,995

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Related Parties Types/Names The Corporation as key management of other related parties Amount endorsed Amount utilized		December 31	December 31
		2023 $ 1,234,629 (795,200) $ 439,429	2022 $ 1,263,979 (603,325) $ 660,654

i. Compensation of key management personnel

The remuneration of directors and other members of key management personnel was as follows:

Short-term employee benefits Post-employment benefits	For the Year Ended	For the Year Ended	December 31
		2023 $ 52,469 1,490 $ 53,959	2022 $ 107,115 1,175 $ 108,290

30. ASSETS PLEDGED AS COLLATERAL OR SECURITY

The Corporation’s assets mortgaged or pledged as collateral for bank overdraft and ZN’s long-term borrowings and financing amount were as follows:

Other financial assets – time deposits Investments accounted for using the equity method – shares		December 31	December 31
		2023 $ 5,850,000 4,498,303 $ 10,348,303	2022 $ 5,850,000 3,889,215 $ 9,739,215

The shares of the Subsidiaries CPHC and ZN was mortgaged or pledged as collateral for their long-term borrowings and financing amount.

31. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED COMMITMENTS

Significant commitments and contingencies of the Corporation as of December 31, 2023 were as follows:

a. The Corporation provided letters of credits for NT$1.3 billion guaranteed by financial institutions for several construction, lease contracts and payment.
b. Unused letters of credit for importation of materials and machinery amounted to NT$5.2 billion.
c. Property purchase and construction contracts for NT$32 billion were signed but not yet recorded.
d. The Corporation entered into raw material purchase contracts with suppliers in Australia, Brazil, Canada, China, Japan, Philippines, Vietnam, Indonesia and domestic companies with contract terms of 1 to 3 years. Contracted annual purchases of 6,770,000 metric tons of coal, 13,480,000 metric tons of iron ore, and 1,880,000 metric tons of limestone are at prices negotiable with the counterparties. Purchase commitments as of December 31, 2023 were US$3.4 billion (including 2,370,000 metric tons
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of coal, 21,340,000 metric tons of iron ore, and 420,000 metric tons of limestone).

e. The amount utilized for guarantees provided to related parties and investees of co-investment for procurement and investment compliances was NT$5,293,503 thousand.

32. SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

The following information was aggregated by the foreign currencies other than functional currencies of the Corporation and the exchange rates between foreign currencies and respective functional currencies were disclosed. The significant assets and liabilities denominated in foreign currencies were as follows:

					Carrying
					Amount
		Foreign		(In Thousands
	Currencies			of	New Taiwan
	(In	Thousands)	Exchange Rate		Dollars)
December 31, 2023
Monetary foreign currency assets
USD	$	79,248	30.7050	$	2,433,325
JPY		15,155,399	0.2172		3,291,753
Non-monetary foreign currency assets
Financial assets at fair value through other
comprehensive income
USD		903,000	30.7050		27,726,602
JPY		8,864,000	0.2172		1,925,261
MYR		295,144	6.4110		1,892,170
Investments accounted for using the equity
method
USD		390,278	30.7050		11,985,580
AUD		1,028,114	20.9800		21,569,840
INR		3,506,685	0.3670		1,286,953
Monetary foreign currency liabilities
USD		171,838	30.7050		5,276,286
JPY		5,829,015	0.2172		1,266,062
December 31, 2022
Monetary foreign currency assets
USD		188,871	30.7100		5,800,220
Non-monetary foreign currency assets
Financial assets at fair value through other
comprehensive income
USD		828,641	30.7100		25,447,550
JPY		6,422,000	0.2324		1,492,472
MYR		377,535	6.6990		2,529,105

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				Carrying
				Amount
		Foreign		(In Thousands
	Currencies			of New Taiwan
	(In	Thousands)	Exchange Rate	Dollars)
Investments accounted for using the equity
method
USD	$	404,469	30.7100	$ 12,417,521
AUD		995,301	20.8300	20,732,125
INR		3,734,391	0.3710	1,384,769
Monetary foreign currency liabilities
USD		149,425	30.7100	4,588,842
JPY		6,113,685	0.2324	1,420,820

It is impractical to disclose net foreign exchange gains and losses by each significant foreign currency due to the variety of the foreign currency transactions and functional currencies of each entity. Please refer to Note 24 for information relating to net foreign exchange gains and losses.

33. SEPARATELY DISCLOSED ITEMS

a. Information about significant transactions and b. investees:
1) Financing provided to others (Table 1)
2) Endorsements/guarantees provided (Table 2)
3) Marketable securities held (excluding investments in subsidiaries and associates) (Table 3)
4) Marketable securities acquired and disposed of at costs or prices of at least NT$300 million or 20% of the paid-in capital (Table 4)
5) Acquisition of individual real estate at costs of at least NT$300 million or 20% of the paid-in capital (Table 5)
6) Disposal of individual real estate at prices of at least NT$300 million or 20% of the paid-in capital (None)
7) Total purchases from or sales to related parties amounting to at least NT$100 million or 20% of the paid-in capital (Table 6)
8) Receivables from related parties amounting to at least NT$100 million or 20% of the paid-in capital (Table 7)
9) Trading in derivative instruments (Note 28)
10) Information on investees (Table 8)
c. Information on investments in mainland China
1) Information on any investee company in mainland China, showing the name, principal business activities, paid-in capital, method of investment, inward and outward remittance of funds, ownership percentage, net income (loss) of the investee, investment gain (loss), carrying amount of
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the investment at the end of the period, repatriations of investment income, and limit on the amount of investment in the mainland China area (Table 9)

2) Any of the following significant transactions with investee companies in mainland China, either directly or indirectly through a third party, and their prices and payment terms:
- a) The amount and percentage of purchases and the balance and percentage of the related payables at the end of the period (Table 6)
- b) The amount and percentage of sales and the balance and percentage of the related receivables at the end of the period (Table 6)
- c) The amount of property transactions and the amount of the resultant gains or losses (None)
- d) The balance of negotiable instrument endorsements or guarantees or pledges of collateral at the end of the period and the purposes (Table 2)
- e) The highest balance, the end of period balance and the interest rate range with respect to financing of funds (Table 1)
- f) Other transactions that have a material effect on the profit or loss for the year or on the financial position, such as the rendering or receipt of services (None)
d. Information of major shareholders: List all shareholders with a stake of 5 percent or greater in shareholding percentage and the number of shares. (Table 10)

34. SEGMENT INFORMATION

Disclosure of the segment information in standalone financial statements is waived.

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TABLE 1

CHINA STEEL CORPORATION AND SUBSIDIARIES

FINANCING PROVIDED TO OTHERS FOR THE PERIOD ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Financing Company	Counter-party	Financial Statement Account	Related Party	Maximum Balance for the Period	Ending Balance	Amount Actually Drawn	Interest Rate	Nature for Financing (Note 1)	Transaction Amounts	Reason for Financing	Allowance for Bad Debt	Col	lateral	Financing Limits for Each Borrowing Company	Financing Company’s Total Financing Amount Limits	Note
													Item	Value
0 0 0 0 0 1 2 3 4 4 5 5 6 7 8 8 9 10 11	China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation Ever Wealthy International Corporation Thintech Materials Technology Co., Ltd. C.S.Aluminium Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Steel Security Corporation China Steel Security Corporation Dragon Steel Corporation China Steel Machinery Corporation China Steel Express Corporation China Steel Express Corporation Chung Hung Steel Corporation InfoChamp Systems Corporation HIMAG Magnetic Corporation	Sing Da Marine Structure Corporation China Steel Resources Corporation C.S.Aluminium Corporation Kaohsiung Rapid Transit Corporation Chung Hung Steel Corporation Changzhou China Steel New Materials Technology Co., Ltd. Taicang Thintech Materials Co., Ltd. Ningbo Huayang Aluminium-Tech Co., Ltd. China Steel Corporation China Prosperity Construction Corporation China Steel Corporation Steel Castle Technology Corporation China Steel Corporation China Steel Corporation China Steel Corporation CSE Transport Corporation China Steel Corporation China Steel Corporation MagnPower Corporation	Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables	Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes	2,500,000 1,000,000 4,400,000 1,300,000 2,200,000 173,552 106,947 553,500 1,800,000 100,000 50,000 100,000 2,000,000 700,000 500,000 324,250 300,000 120,000 50,000	2,500,000 800,000 2,900,000 1,300,000 2,000,000 90,867 104,107 - 950,000 100,000 - 100,000 - 700,000 500,000 307,050 - 120,000 50,000	2,000,000 800,000 600,000 1,100,000 - 90,867 - - 850,000 - - - - 700,000 - - - 120,000 10,000	0.68%-1.63% 0.63%-1.73% 1.52%-1.72% 1.22%-1.62% N/A 2.00%-2.40% 2.48%-2.53% N/A 0.42%-1.62% N/A 1.15%-1.53% N/A N/A 0.74%-1.61% 1.41%-1.59% 5.15% 1.43%-1.53% 1.46%-1.62% 2.29%	2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2	- - - - - - - - - - - - - - - - - - -	Operating capital Operating capital Operating capital Operating capital Operating capital Operating capital Operating capital Repayments of bank borrowings Operating capital Operating capital Operating capital Operating capital Operating capital Operating capital Operating capital Operating capital Operating capital Operating capital Operating capital	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	30,576,648 30,576,648 30,576,648 30,576,648 30,576,648 365,587 358,696 852,997 2,444,196 2,444,196 207,761 207,761 9,649,047 858,923 1,364,799 1,364,799 1,625,898 318,895 67,311	61,153,297 61,153,297 61,153,297 61,153,297 61,153,297 548,380 478,261 1,705,995 2,444,196 2,444,196 207,761 207,761 19,298,094 858,923 2,729,599 2,729,599 6,503,592 364,452 134,622	Note 2 Note 2 Note 2 Note 2 Note 2 Note 3 Note 4 Note 5 Note 6 Note 6 Note 7 Note 7 Note 8 Note 9 Note 10 Note 10 Note 11 Note 12 Note 13

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Note 1: The nature for financing is as follows:

1) Business relationship
2) The need for short-term financing
Note 2: According to “The Process of Financing Others” established by the Corporation, the total available amount for lending to others and the total amount for lending to a company shall not exceed 20% and 10% of the net worth of the Corporation, respectively.
Note 3: According to “The Process of Financing Others” established by Ever Wealthy International Corporation, the total available amount for lending to others and the total amount for lending to a company shall not exceed 30% and 20% of the net worth of Ever Wealthy International Corporation, respectively; the financing limit amount for parent company shall not exceed 30% of the net worth of the company.
Note 4: According to “The Process of Financing Others” established by Thintech Materials Technology Co., Ltd., the total available amount for lending to others and the total amount for lending to a company shall not exceed 40% and 30% of the net worth of Thintech Materials Technology Co., Ltd., respectively.
Note 5: According to “The Process of Financing Others” established by C.S.Aluminium Corporation, the total available amount for lending to others and the total amount for lending to a company shall not exceed 20% and 10% of the net worth of C.S.Aluminium Corporation, respectively.
Note 6: According to “The Process of Financing Others” established by China Prosperity Development Corporation, the total available amount for lending to others and the total amount for lending to a company both shall not exceed 40% of the net worth of China Prosperity Development Corporation.
Note 7: According to “The Process of Financing Others” established by China Steel Security Corporation, the total available amount for lending to others and the total amount for lending to a company both shall not exceed 40% of the net worth of China Steel Security Corporation, respectively.
Note 8: According to “The Process of Financing Others” established by Dragon Steel Corporation, the total available amount for lending to others and the total amount for lending to a company shall not exceed 20% and 10% of the net worth of Dragon Steel Corporation, respectively.
Note 9: According to “The Process of Financing Others” established by China Steel Machinery Corporation, the total available amount for lending to others and the total amount for lending to a company both shall not exceed 40% of the net worth of China Steel Machinery Corporation.
Note 10: According to “The Process of Financing Others” established by China Steel Express Corporation, the total available amount for lending to others and the total amount for lending to a company shall not exceed 20% and 10% of the net worth of China Steel Express Corporation, respectively.
Note 11: According to “The Process of Financing Others” established by Chung Hung Steel Corporation, the total available amount for lending to others and the total amount for lending to a company shall not exceed 40% and 10% of the net worth of Chung Hung Steel Corporation, respectively.
Note 12: According to “The Process of Financing Others” established by InfoChamp Systems Corporation, the total available amount for lending to others and the total amount for lending to a company shall not exceed 40% and 35% of the net worth of InfoChamp Systems Corporation, respectively.
Note 13: According to “The Process of Financing Others” established by HIMAG Magnetic Corporation, the total available amount for lending to others and the total amount for lending to a company shall not exceed 20% and 10% of the net worth of InfoChamp Systems Corporation, respectively.
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TABLE 2

CHINA STEEL CORPORATION AND SUBSIDIARIES

ENDORSEMENTS/GUARANTEES PROVIDED FOR THE PERIOD ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

NO.	Endorsement/Guarantee Provider	Endorsee	/Guarantee	Limits on Endorsement/ Guarantee Amount Provided to Each Guaranteed Party	Maximum Balance for the Period	Ending Balance	Amount Actually Drawn	Amount of Endorsement/ Guarantee Collateralized by Properties	Ratio of Accumulated Endorsement /Guarantee to Net Equity per Latest Financial Statements (%)	Maximum Endorsement/ Guarantee Amount Allowable	Guarantee Provided by Parent Company	Guarantee Provided by Subsidiary	Guarantee Provided to Subsidiaries in Mainland China	Note
		Name	Nature of Relationship (Note 1)
0 0 1 2 2 2 3 3 4 5 6	China Steel Corporation China Steel Corporation Thintech Materials Technology Co., Ltd. InfoChamp Systems Corporation InfoChamp Systems Corporation InfoChamp Systems Corporation Wuhan InfoChamp I.T. Co., Ltd. Wuhan InfoChamp I.T. Co., Ltd. China Steel Express Corporation China Steel Power Holding Corporation CSC Steel Holdings Berhad	China Steel Power Corporation Sakura Ferroalloys Sdn. Bhd. Taicang Thintech Materials Co., Ltd. Wuhan InfoChamp I.T. Co., Ltd. Tang Steel International Engineering Technology Corp. Industrial Technology Research Institute InfoChamp Systems Corporation Tang Steel International Engineering Technology Corp. CSE Transport Corporation China Steel Power Corporation CSC Steel Sdn. Bhd.	2 6 2 2 5 5 3 5 2 2 2	91,729,946 91,729,946 478,261 273,339 273,339 273,339 176,589 176,589 4,094,398 44,101,013 2,308,861	7,156,210 1,280,922 275,613 47,494 41,492 60,000 40,989 41,492 2,588,140 10,587,000 584,880	7,156,210 1,234,629 260,993 46,233 40,390 60,000 39,901 40,390 - 10,587,000 560,790	4,498,303 795,200 118,974 46,233 40,390 59,830 39,901 40,390 - 8,817,711 34,775	4,498,303 - - - - - - - - 8,817,711 -	2 - 22 5 4 7 113 114 - 120 10	122,306,595 122,306,595 478,261 455,565 455,565 455,565 211,907 211,907 5,459,198 44,101,013 2,308,861	Y N N N N N N N N N N	N N N N N N N N N N N	N N Y Y Y N N Y N N N	Notes 2 and 3 Note 3 Note 4 Note 5 Note 5 Note 5 Note 6 Note 6 Note 7 Note 8 Note 9

Note 1: Relationships between the endorser/guarantor and the party being endorsed/guaranteed are as follows:

1) A company that the Corporation has business relationship with.
2) The Corporation owns directly or indirectly over 50% ownership of the investee company.
3) The company that owns directly or indirectly hold over 50% ownership of the Corporation.
4) In between companies that were held over 90% of voting shares directly or indirectly by an entity.
5) The Corporation is required to provide guarantees or endorsements for the construction project based on the construction contract.
6) Shareholder of the investee provides endorsements/guarantees to the company in proportion to their shareholding percentages.
7) According to Consumer Protection Act, companies in the same industry enter into collateral performance guarantees for pre-construction home sales agreements.

Note 2: Endorsements and guarantees provided by the Corporation to its subsidiaries.

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Note 3: According to “The Process of making endorsements/quadrants” established by the Corporation, the ceilings on the amounts for any single entity or the aggregate amounts to the entities shall not exceed 30% and 40% of the net worth of the Corporation, respectively.
Note 4: According to “The Process of making endorsements/quadrants” established by Thintech Materials Technology Co., Ltd., both the ceilings on the amounts for any single entity or the aggregate amounts to the entities shall not exceed 40% of the net worth of Thintech Materials Technology Co., Ltd..
Note 5: According to “The Process of making endorsements/quadrants” established by InfoChamp Systems Corporation, the ceilings on the amounts for any single entity or the aggregate amounts to the entities shall not exceed 30% and 50% of the net worth of InfoChamp Systems Corporation, respectively.
Note 6: According to “The Process of making endorsements/quadrants” established by Wuhan InfoChamp I.T. Co., Ltd., the ceilings on the amounts for any single entity or the aggregate amounts to the entities shall not exceed 500% and 600% of the net worth of Wuhan InfoChamp I.T. Co., Ltd., respectively.
Note 7: According to “The Process of making endorsements/quadrants” established by China Steel Express Corporation, the ceilings on the amounts for any single entity or the aggregate amounts to the entities shall not exceed 30% and 40% of the net worth of China Steel Express Corporation, respectively.
Note 8: According to “The Process of making endorsements/quadrants” established by China Steel Power Holding Corporation, both the ceilings on the amounts for any single entity or the aggregate amounts to the entities shall not exceed 500% of the net worth of China Steel Power Holding Corporation.
Note 9: According to “The Process of making endorsements/quadrants” established by CSC Steel Holdings Berhad, both the ceilings on the amounts for any single entity or the aggregate amounts to the entities shall not exceed 40% of the net worth of CSC Steel Holdings Berhad.
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TABLE 3

CHINA STEEL CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES HELD DECEMBER 31, 2023 (Amounts in Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	Taiwan High Speed Rail Corporation Maruichi Steel Tube Ltd. CSN Mineracao S.A. O-Bank Co., Ltd. TANG ENG IRON WORKS CO., LTD. RECHI PRECISION CO., LTD. Yodogawa Steel Works, Ltd. CSBC Corporation, Taiwan Formosa Ha Tinh (Cayman) Limited Sakura Ferroalloys Sdn. Bhd. CDIB & Partners Investment Holding Corporation Taiwan International Windpower Training Corporation Ltd. CDIB BioScience Ventures I, Inc. PHALANX BIOTECH GROUP, INC. DB Metal Co., Ltd.	The held company as its director No relation No relation No relation The held company as its director The held company as its director No relation No relation No relation The held company as its director No relation The held company as its director The held company as its director No relation No relation	Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent	242,148,000 2,000,000 22,366,860 103,847,695 29,860,691 23,002,022 400,000 7,751,346 1,111,418,177 207,290,000 54,000,000 1,500,000 1,063,534 332,881 1,500,000	7,433,944 1,593,814 1,108,248 1,036,400 994,361 491,093 331,447 157,352 26,618,354 1,487,212 822,479 16,041 3,295 1,960 -	4 2 - 3 9 5 1 1 20 19 5 15 5 - 1	7,433,944 1,593,814 1,108,248 1,036,400 994,361 491,093 331,447 157,352 26,618,354 1,487,212 822,479 16,041 3,295 1,960 -

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Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
China Steel Corporation China Steel Corporation Chung Hung Steel Corporation Chung Hung Steel Corporation Chung Hung Steel Corporation Hung Kao Investment Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation	Preferred stock Preferred stock Common stock Common stock Common stock Common stock Common stock Preferred stock Mutual fund Corporate bond Corporate bond Corporate bond Corporate bond Corporate bond Corporate bond Corporate bond Corporate bond Corporate bond Common stock Common stock Common stock Common stock	East Asia United Steel Corporation (A) Sakura Ferroalloys Sdn. Bhd. China Steel Corporation TAIWAN VES-POWER CO., LTD. PACIFIC HARBOUR STEVEDORING CORP. China Steel Corporation China Steel Corporation China Steel Corporation Cathay US ESG Fund TWD BACR 6.224 05/09/34 BAC 5.288 04/25/34 PM 5 3/8 02/15/33 MUFG 5.406 04/19/34 BPCEGP 5.975 01/18/27 MUFG 5.719 02/20/26 BACR 6.224 05/09/34 SOCGEN 6.447 01/12/27 STANLN 6.17 01/09/27 TA CHEN STAINLESS PIPE CO., LTD. Mega Financial Holding Co., Ltd. CATHAY FINANCIAL HOLDING CO., LTD. TAICHUNG COMMERCIAL BANK CO., LTD.	The held company as its director The held company as its director Parent company No relation The held company as its supervisor The ultimate parent company Parent company Parent company No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement)	3,333 56,443,634 34,359,239 134,167 250,000 1,003,980 3,746,915 229,000 751,399 - - - - - - - - - 484,868 134,492 62,953 124,688	658,398 404,958 927,699 38,868 6,720 27,107 101,167 10,007 9,122 9,559 6,174 12,602 9,536 9,282 9,251 6,363 6,246 6,239 19,201 5,272 2,880 1,983	10 19 - 2 5 - - - - - - - - - - - - - - - - -	658,398 404,958 927,699 38,868 6,720 27,107 101,167 10,007 9,122 9,559 6,174 12,602 9,536 9,282 9,251 6,363 6,246 6,239 19,201 5,272 2,880 1,983

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Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Preferred stock Preferred stock Preferred stock Preferred stock Preferred stock Mutual fund Mutual fund	TAISHIN FINANCIAL HOLDING CO., LTD. Nishoku Technology Inc. China Steel Chemical Corporation China Steel Corporation YEONG LONG TECHNOLOGIES CO., LTD. TCC RECYCLE ENERGY TECHNOLOGY COMPANY National Kaohsiung First University of Science and Technology Investment Corporation Harbinger Venture III Capital Corp. Asia Hepato Gene CO. JU-KAO ENGINEERING CO., LTD EVERGREEN AVIATION TECHNOLOGIES CORPORATION JIH SUN International Leasing & Finance Co., Ltd. Fubon Financial Holding Co., Ltd. Ltd. Preferred Shares C TAISHIN FINANCIAL HOLDING CO., LTD. Class E Preferred Shares Ⅱ Cathay Financial Holding Co., Ltd.(B) Chailease Holding Company Limited.Shares A WPG HOLDINGS LIMITED – Preferred Shares A Taishin 2000 High Technology Equity Fund UPAMC Taiwan High Dividend and Growth-Acc	No relation No relation Parent company The ultimate parent company No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement)	104,603 7,000 4,753,537 4,226,265 1,540,000 322,484 126,000 1,000 133,300 2,157,642 800,000 1,000,000 175,000 164,139 12,540 5,000 10,000 113,576 500,000	1,893 728 563,294 114,109 52,776 3,176 491 26 - 25,074 86,800 41,680 9,625 7,493 749 490 470 8,550 5,490	- - - - 4 - 8 1 2 7 - - - - - - - - -	1,893 728 563,294 114,109 52,776 3,176 491 26 - 25,074 86,800 41,680 9,625 7,493 749 490 470 8,550 5,490

79 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation	Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund	Allianz Global Investors Taiwan Technology Fund Nomura Taiwan Superior Equity Fund Jih Sun Vietnam Opportunity Fund (NTD) FSITC Global Utilities and Infrastructure Fund Jih Sun Global Smart Car Fund (TWD A) UPAMC Global AioT Fund FTGF ClearBridge Infrastructure Value Fund Class A US$ Accumulating Taishin High Dividend Yield Balanced Fund PineBridge Rate Response Multi-Asset Fund Shin Kong Chi-Shin Money-market Fund Jih Sun Upstream Fund A FTGF Western Asset Short Duration Blue Chip Bond Fund Class A US$ Accumulating Franklin Strategic Income Fund A(acc)USD SinoPac Global Infrastructure and Utilities Investment Grade Bond Fund KGI Fund Taiwan Multi-Asset Income Fund Jih Sun Taiwan Multi-Asset Fund Taishin TIP Customized Taiwan ESG High Dividend Small/Mid-Cap ETF Jih Sun Money Market Fund	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement)	19,277 24,936 1,000,000 567,536 321,750 250,473 11,591 99,544 500,000 322,274 33,940 1,638 12,812 500,000 1,789,199 965,255 300,000 2,770,327	3,333 3,122 8,170 8,150 4,862 4,701 4,637 6,949 5,196 5,125 3,027 6,429 6,405 5,157 20,808 10,705 4,851 42,260	- - - - - - - - - - - - - - - - - -	3,333 3,122 8,170 8,150 4,862 4,701 4,637 6,949 5,196 5,125 3,027 6,429 6,405 5,157 20,808 10,705 4,851 42,260

80 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation	Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Subordinated financial bond Subordinated financial bond Corporate bond Common stock Common stock Common stock Common stock Common stock Common stock Common stock	Taishin 1699 Money Market Fund SinoPac TWD Money Market Fund Prudential Financial Money Market Fund PineBridge Taiwan Money Market Securities Investment Trust Fund Cathay Taiwan Money Market Fund KGI Victory Money Market Fund Yuanta De- Bao Money Market Fund Allianz Global Investors Taiwan Money Market Fund UPAMC James Bond Money Market Cathay Life Insurance Co., Ltd Series 112 Unsecured Subordinated Corporate Bond Taiwan Life Insurance Co. Ltd Series 112-1 Unsecured Subordinated Corporate Bond CNH Bond Offering by ITNL Offshore Pte Limited LOCUS CELL CO., LTD. Lianyou Metals Co., Ltd. TFBS BIOSCIENCE, INC. China Steel Corporation GREEN SHEPHERD CORPORATION YEONG LONG TECHNOLOGIES CO., LTD. HSIN YU ENERGY DEVELOPMENT CO., LTD.	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation Parent company No relation No relation No relation	Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at amortized cost – noncurrent Financial assets at amortized cost – noncurrent Financial assets at amortized cost – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – current Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement)	2,674,687 1,416,400 1,239,611 869,572 791,534 841,602 624,427 547,204 293,657 - - - 2,990,000 114,000 104,000 1,150,000 784,000 440,000 391,249	37,292 20,256 20,154 12,176 10,102 10,013 7,710 7,053 5,035 10,000 10,000 - 74,750 6,331 4,000 31,050 16,801 15,079 -	- - - - - - - - - - - - 2 - - - 6 1 -	37,292 20,256 20,154 12,176 10,102 10,013 7,710 7,053 5,035 10,000 10,000 - 74,750 6,331 4,000 31,050 16,801 15,079 -

81 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
China Ecotek Corporation China Steel Structure Co., Ltd. United Steel Engineering & Construction Corporation CHC Resources Corporation CHC Resources Corporation Union Steel Development Corporation Union Steel Development Corporation China Steel Security Corporation China Steel Security Corporation China Steel Security Corporation China Steel Security Corporation China Steel Security Corporation China Steel Security Corporation China Steel Security Corporation China Steel Management Consulting Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Prosperity Development Corporation HIMAG Magnetic Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Certificate of entitlement Common stock Common stock Common stock Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	Asia Pacific Energy Development Co., Ltd. China Steel Corporation China Steel Corporation China Steel Corporation Feng Sheng Enterprise Corporation China Steel Corporation Shanghai Bao Shun Steel Corporation China Steel Corporation Taiwan Secom Corporation Taiwan Shin Kong Security Corporation Yuanta De- Bao Money Market Fund Union Money Market Fund UPAMC James Bond Money Market Franklin Templeton Sinoam Money Market Fund Capital Money Market Fund HUA NAN FINANCIAL HOLDINGS CO.,LTD. China Steel Corporation Mega Financial Holding Co., Ltd. Taiwan Cooperative Financial Holding Co., Ltd. iPASS Corporation QUN XIN PROPERITES CO., LTD. HI SCENE WORLD ENTERPRISE CO., LTD. China Steel Corporation	The held company as its director Parent company The ultimate parent company Parent company No relation The ultimate parent company The held company as its director Parent company No relation No relation No relation No relation No relation No relation No relation No relation Parent company No relation No relation No relation The held company as its director No relation Parent company	Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent	2,212,590 7,436,878 3,745,446 10,401,806 932,053 423,849 - 2,349,975 2,223 3,614 2,436,804 1,484,859 1,171,562 2,363,535 348,056 5,066,509 952,979 478,843 260,730 2,528,218 2,400,000 386,535 325,505	124,976 200,796 101,127 280,849 16,501 11,444 17,063 63,449 260 146 30,087 20,157 20,088 25,115 5,773 113,236 25,730 18,771 6,961 14,790 7,248 4,244 8,789	11 - - - 2 - 19 - - - - - - - - - - - - 2 8 - -	124,976 200,796 101,127 280,849 16,501 11,444 17,063 63,449 260 146 30,087 20,157 20,088 25,115 5,773 113,236 25,730 18,771 6,961 14,790 7,248 4,244 8,789

82 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
HIMAG Magnetic Corporation Eminent Venture Capital Corporation Eminent Venture Capital Corporation Eminent Venture Capital Corporation Eminent Venture Capital Corporation Eminent Venture Capital Corporation Eminent Venture Capital Corporation Eminent Venture Capital Corporation Eminent Venture Capital Corporation Eminent Venture Capital Corporation InfoChamp Systems Corporation InfoChamp Systems Corporation InfoChamp Systems Corporation InfoChamp Systems Corporation InfoChamp Systems Corporation Kaohsiung Rapid Transit Corporation Dragon Steel Corporation C.S.Aluminium Corporation China Steel Express Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Preferred stock Preferred stock Preferred stock Mutual fund Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	Superrite Electronics Co., Ltd. StemCyte International, Ltd. ASIA BEST LIFE CARE TECHNOLOGY CO., LTD. Asia Best Healthcare Co., Ltd. Cellerant Therapeutics, Inc. Aerami Therapeutis Holdings, Inc. Nereus Pharmaceuticals, Inc. Bayhill Therapeutics, Inc. AndroScience Corp. Jih Sun Money Market Fund China Steel Corporation Lion Corporation Berhad LOCUS CELL CO., LTD. iPASS Corporation TRICORNTECH CORPORATION iPASS Corporation Union Optronics Corp. China Steel Corporation China Steel Corporation	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation Parent company No relation No relation The held company as its director No relation The held company as its director No relation Parent company Parent company	Financial assets at fair value through other comprehensive income – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income–current	600,000 1,080,647 1,131,608 1,731 43,900 166,394 1,895,531 1,404,494 2,111,111 3,648,746 3,834,338 58 1,037,000 3,828,188 331,504 9,912,843 103,895 4,431,944 8,801,555	11,577 12,252 11,944 8,399 - - - - - 55,660 103,527 - 25,925 22,405 9,340 58,016 - 119,662 237,642	2 1 1 1 - - - 2 7 - - - 1 3 1 9 - - -	11,577 12,252 11,944 8,399 - - - - - 55,660 103,527 - 25,925 22,405 9,340 58,016 - 119,662 237,642

83 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
China Steel Express Corporation China Steel Express Corporation Transglory Investment Corporation Transglory Investment Corporation Transglory Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation	Common stock Common stock Common stock Common stock Mutual fund Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	CDIB & Partners Investment Holding Corporation Huiyang Private Equity Fund Co., Ltd. TANG ENG IRON WORKS CO., LTD. China Steel Corporation Jih Sun Money Market Fund BRIGHTON-BEST INTERNATIONAL (TAIWAN) INC. TA CHEN STAINLESS PIPE CO., LTD. LUXNET CORPORATION TRANSCOM, INC. GLOBAL TEK FABRICATION CO., LTD. FUSHENG PRECISION CO., LTD. FARCENT ENTERPRISE CO., LTD. CHUNGHWA TELECOM CO., LTD. SYMTEK AUTOMATION ASIA CO., LTD. QST INTERNATIONAL CORP. EVERGREEN AVIATION TECHNOLOGIES CORPORATION HOTAI FINANCE CO., LTD. JESS-LINK PRODUCTS CO., LTD. AMPAK TECHNOLOGY INC. TAIWAN CEMENT CORPORATION BORA PHARMACEUTICALS CO., LTD. CHENFULL PRECISION CO., LTD ASUSTEK COMPUTER INCORPORATION HSIN KUANG STEEL CO., LTD. I JANG INDUSTRIAL CO., LTD.	No relation No relation No relation The ultimate parent company No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income–current	3,240,000 35,000 229,000 257,615,331 39,295,165 21,829,242 10,301,820 1,037,682 798,201 2,431,620 513,000 1,660,032 771,000 877,610 1,466,305 800,000 651,400 958,000 629,000 2,157,000 117,353 689,287 147,000 1,216,000 1,012,000	49,349 1,930 7,626 6,955,614 599,428 772,755 407,952 149,426 133,300 130,335 105,935 95,784 92,520 91,710 89,738 86,800 83,379 80,568 75,480 75,171 74,989 74,788 71,957 70,163 69,727	- 1 - 2 - - - - - - - - - - - - - - - - - - - - -	49,349 1,930 7,626 6,955,614 599,428 772,755 407,952 149,426 133,300 130,335 105,935 95,784 92,520 91,710 89,738 86,800 83,379 80,568 75,480 75,171 74,989 74,788 71,957 70,163 69,727	Note 1

84 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	Capital Futures Corporation JDV CONTROL VALVES CO., LTD. ARDENTEC CORPORATION UNI-PRESIDENT ENTERPRISES CORP. ULTRA CHIP, INC. TBI MOTION TECHNOLOGY CO., LTD. JUFAN INDUSTRIAL CO., LTD. EVERGREEN STEEL CORPORATION JETWELL COMPUTER CO., LTD. NAN JUEN INTERNATIONAL CO., LTD. ACTER GROUP CORPORATION LIMITED I SHENG ELECTRIC WIRE & CABLE CO., LTD. SHEH KAI PRECISION CO., LTD. WAH LEE INDUSTRIAL CORP. FSP TECHNOLOGY INC. ARGOSY RESEARCH INC. INNODISK CORPORATION CHC Healthcare Group ASIA TECH IMAGE INC. BRIGHTEK OPTOELECTRONIC CO., LTD. NOVA TECHNOLOGY CORP. SHEH FUNG SCREWS CO., LTD. CHANNEL WELL TECHNOLOGY CO., LTD. ECLATORQ TECHNOLOGY CO., LTD. NEXTRONICS ENGINEERING CORP. UVAT TECHNOLOGY CO., LTD. San Neng Group Holdings Co., Ltd.	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income–current	1,364,000 1,050,000 920,000 910,000 656,430 1,975,000 1,260,000 583,000 614,997 661,000 320,000 1,215,000 989,000 550,000 1,057,000 306,000 165,000 786,000 700,000 1,093,000 312,000 583,159 395,000 316,000 415,000 507,000 629,000	69,700 68,250 68,080 67,795 65,643 63,793 62,937 60,632 57,195 56,978 56,800 56,072 54,395 54,230 54,224 52,479 51,480 48,025 46,620 44,868 43,836 35,981 33,259 31,758 30,627 26,009 25,600	- - - - - - - - - - - - - - - - - - - - - - - - - - -	69,700 68,250 68,080 67,795 65,643 63,793 62,937 60,632 57,195 56,978 56,800 56,072 54,395 54,230 54,224 52,479 51,480 48,025 46,620 44,868 43,836 35,981 33,259 31,758 30,627 26,009 25,600

85 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	UNICTRON TECHNOLOGIES CORPORATION INTEGRATED SERVICE TECHNOLOGY INC. BRIGHTEN OPTIX CORPORATION IBASE TECHNOLOGY INC. KWONG LUNG ENTERPRISE CO.,LTD. LONGWELL COMPANY Foxtron Vehicle Technologies Co., Ltd. EMERGING DISPLAY TECHNOLOGIES CORP. WebComm Technology Co., Ltd. TURVO INTERNATIONAL CO., LTD. Weblink International Inc. SYSTEX CORPORATION P-DUKE TECHNOLOGY CO., LTD. SUMEEKO INDUSTRIES CO., LTD. GREENFILTEC LTD. NEOUSYS TECHNOLOGY INC. ZHEN YU HARDWARE CO., LTD. ETERNAL MATERIALS CO., LTD. WENDELL INDUSTRIAL CO., LTD. PEGAVISION CORPORATION ACBEL POLYTECH INC. CKM APPLIED MATERIALS CORP. TAIWAN LINE TEK ELECTRONIC CO., LTD. JETWAY INFORMATION CO., LTD. CHIEN SHING HARBOUR SERVICE CO., LTD. AMIDA TECHNOLOGY INC. GSD Technologies Co., Ltd. Taiwan Branch (Cayman Islands)	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current	280,000 262,000 124,000 290,000 405,000 355,000 500,000 700,000 334,000 150,000 358,000 180,000 195,000 202,000 231,482 140,000 181,000 460,050 176,399 32,571 259,964 262,000 257,000 228,000 197,063 167,450 160,453	24,640 24,235 23,498 23,403 23,045 23,040 22,300 21,140 20,975 20,850 20,298 20,160 18,798 18,382 15,509 14,840 14,263 13,387 13,318 12,914 10,685 10,022 9,907 9,632 9,085 9,042 7,012	- - - - - - - - - - - - - - - - - - - - - - - - - - -	24,640 24,235 23,498 23,403 23,045 23,040 22,300 21,140 20,975 20,850 20,298 20,160 18,798 18,382 15,509 14,840 14,263 13,387 13,318 12,914 10,685 10,022 9,907 9,632 9,085 9,042 7,012

86 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	BRILLIAN NETWORK & AUTOMATION INTEGRATED SYSTEM CO., LTD. BON FAME CO., LTD. PCL TECHNOLOGIES,INC. WASTE RECOVERY TECHNOLOGY INC. FOSITEK CORP. LINTES TECHNOLOGY CO., LTD. ADIMMUNE CORPORATION THYE MING INDUSTRIAL CO.,LTD. DYNAMIC MEDICAL TECHNOLOGIES INC. FORMOSA OPTICAL TECHNOLOGY CO.,LTD. Sincere Security Corp. Ltd. TOPCO SCIENTIFIC CO., LTD. WAH HONG INDUSTRIAL CORP. TAIWAN IMPLANT TECHNOLOGY CO., LTD. AltruBio Inc. Rentian Technology Holdings Ltd. KING POINT ENTERPRISE CO., LTD. CYBERSOFT DIGITAL SERVICES CORPORATION YEONG LONG TECHNOLOGIES CO., LTD. ANNJI PHARMACEUTICAL CO., LTD. Liying Environmental Protection Technology Co., Ltd. Innotech Logistics Co., Ltd.	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent	41,000 57,000 46,000 22,000 7,000 14,000 70,000 29,000 15,000 19,000 30,000 8,090 40,000 1,878,788 500,000 18,350 3,500,000 1,444,996 1,980,000 2,000,000 1,067,869 5,000,000	5,289 5,210 3,556 3,542 2,678 2,387 2,321 2,045 1,650 1,590 1,533 1,476 1,394 2,000 - - 112,875 68,522 67,855 60,000 50,000 50,000	- - - - - - - - - - - - - 10 - - 9 5 5 2 4 10	5,289 5,210 3,556 3,542 2,678 2,387 2,321 2,045 1,650 1,590 1,533 1,476 1,394 2,000 - - 112,875 68,522 67,855 60,000 50,000 50,000

87 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	Chien Tung Harbour Service Co., Ltd. Poju International Co., Ltd. TECHPLASMA TECHNOLOGY CO., LTD. eTreego Co., Ltd. WELEADER BIOMEDICAL CO., LTD. CDIB & Partners Investment Holding Corporation ENLI TECHNOLOGY CO., LTD. GREEN SHEPHERD CORPORATION FOXCONN GLOBAL NETWORK CORPORATION GE TECHNOLOGY INC. MITAGRI CO., LTD. YONGDA FOOD TECHNOLOGY CO., LTD. T-Car Inc. LEADGENE BIOMEDICAL, INC. GREENWAY ENVIRONMENTAL TECHNOLOGY CO., LTD. ULTRADISPLAY INC. MUTUAL-PAK TECHNOLOGY CO., LTD. Huiyang Private Equity Fund Co., Ltd. LOCUS CELL CO., LTD.	No relation No relation No relation No relation No relation The held company as its director No relation No relation The held company as its director The held company as its director No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent	5,000,000 2,263,000 840,000 2,665,316 570,000 2,160,000 956,802 1,120,000 3,000,000 1,219,801 1,338,973 1,413,500 500,000 160,000 3,750,000 1,446,891 471,159 35,000 4,905,000	50,000 42,208 40,000 37,000 33,060 32,899 30,235 24,002 22,295 21,560 14,371 12,020 10,255 9,600 8,044 5,458 4,187 1,930 122,625	7 5 3 11 1 - 8 8 9 5 8 5 2 1 8 9 5 1 2	50,000 42,208 40,000 37,000 33,060 32,899 30,235 24,002 22,295 21,560 14,371 12,020 10,255 9,600 8,044 5,458 4,187 1,930 122,625

88 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	JIH SUN International Leasing & Finance Co., Ltd. MEDICAL IMAGING CORPORATION CHEN NAN IRON WIRE CO., LTD. HANDA PHARMACEUTICALS, INC. VETNOSTRUM ANIMAL HEALTH CO., LTD. SUNNY PHARMTECH INC. Ping Ho Environmental Technology Company Co., Ltd. Lianyou Metals Co., Ltd. NORBEL BABY CO.,LTD SUPERALLOY INDUSTRIAL CO., LTD. ENIMMUNE CORPORATION FEMCO STEEL TECHNOLOGY CO., LTD. SUN RISE E&T CORPORATION FLASHAIM INC. ALLIANCE MATERIAL CO., LTD. TFBS BIOSCIENCE, INC. GMT GLOBAL INC. VIZIONFOCUS INC. LIAN HONG ART CO., LTD.	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent	2,500,000 1,188,000 2,511,960 300,000 1,660,269 1,786,234 740,650 614,680 200,000 374,000 963,820 1,399,400 767,126 767,000 353,000 364,000 728,325 38,000 278,334	104,200 80,946 60,769 55,629 51,256 48,886 38,680 34,137 30,974 28,805 28,760 25,749 22,603 15,171 14,604 14,001 9,293 9,090 8,701	1 6 4 - 3 1 3 2 1 - 1 3 2 6 1 1 2 - 1	104,200 80,946 60,769 55,629 51,256 48,886 38,680 34,137 30,974 28,805 28,760 25,749 22,603 15,171 14,604 14,001 9,293 9,090 8,701

89 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Thintech Materials Technology Co., Ltd. Thintech Materials Technology Co., Ltd. Winning Investment Corporation Betacera Inc. Betacera Inc. Shanghai Xike Ceramic Electronic Co., Ltd. Universal Exchange Inc. Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation	Common stock Common stock Common stock Common stock Common stock Convertible bond Convertible bond Convertible bond Convertible bond Common stock Common stock Common stock Common stock Common stock Common stock Mutual fund Common stock Common stock Common stock	STUDY KING CO., LTD. MICRO SILICON ELECTRONICS CO., LTD. JET OPTOELECTRONICS CO., LTD. VSO ELECTRONICS CO., LTD. CHIN HSIN ENVIRON ENGINEERING CO., LTD. SERCOMM CORP.7th Convertible Bond BORA PHARMACEUTICALS CO., LTD.3rdConvertible Bond TAI-TECH ADVANCED ELECTRONICS CO., LTD.1st Convertible Bond HD Renewable Energy Co., Ltd.1stConvertible Bond Lianyou Metals Co., Ltd. Lianyou Metals Co., Ltd. China Steel Corporation TAIWAN IMPLANT TECHNOLOGY CO., LTD. HCT REGENERATIVE CO., LTD Shanghai Join Buy Co., Ltd. Union Money Market Fund SYMTEK AUTOMATION ASIA CO., LTD. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED INNODISK CORPORATION	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation The ultimate parent company No relation The held company as its director No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – noncurrent (including measurement) Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income–current	309,600 100,000 61,120 32,400 37,000 280,000 195,000 150,000 140,000 125,000 601,796 160,506,339 74,149 1,294,153 71,820 305,135 385,997 54,000 101,622	6,913 4,910 3,404 2,632 2,573 30,884 22,581 17,385 16,310 6,942 33,422 4,333,671 - 17,493 2,445 4,142 40,337 32,022 31,706	2 - - - - - - - - - 2 1 - 19 - - - - -	6,913 4,910 3,404 2,632 2,573 30,884 22,581 17,385 16,310 6,942 33,422 4,333,671 - 17,493 2,446 4,142 40,337 32,022 31,706	Note 2

90 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	BRIGHTON-BEST INTERNATIONAL (TAIWAN) INC. KWONG LUNG ENTERPRISE CO.,LTD. ASIA TECH IMAGE INC. AMPAK TECHNOLOGY INC. TBI MOTION TECHNOLOGY CO., LTD. FSP TECHNOLOGY INC. PLANET TECHNOLOGY CORPORATION JUFAN INDUSTRIAL CO., LTD. HERAN CO., LTD. I SHENG ELECTRIC WIRE & CABLE CO., LTD. INTEGRATED SERVICE TECHNOLOGY INC. ZERO ONE TECHNOLOGY CO., LTD. MICRO-STAR INTERNATIONAL CO., LTD. I JANG INDUSTRIAL CO., LTD. FIRST HI-TEC ENTERPRISE CO., LTD. MEDIATEK INC. GIGA-BYTE TECHNOLOGY CO., LTD. SUMEEKO INDUSTRIES CO., LTD. CHICONY POWER TECHNOLOGY CO., LTD. WAH LEE INDUSTRIAL CORP. TRIPOD TECHNOLOGY CORPORATION ASE Technology Holding Co., Ltd. ARDENTEC CORPORATION RADIANT OPTO-ELECTRONICS CORPORATION ACTER GROUP CORPORATION LIMITED REALTEK SEMICONDUCTOR CORP.	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income–current	752,000 444,000 362,000 178,000 650,000 397,000 130,000 384,000 166,000 397,000 190,000 250,000 80,000 216,000 120,000 14,000 51,000 147,000 88,000 126,000 59,000 79,000 140,000 74,000 55,000 20,000	26,621 25,264 24,108 21,360 20,995 20,366 19,435 19,181 18,509 18,322 17,574 16,350 16,320 14,882 14,700 14,210 13,566 13,377 12,804 12,424 11,505 10,665 10,360 9,842 9,763 9,430	- - - - - - - - - - - - - - - - - - - - - - - - - -	26,621 25,264 24,108 21,360 20,995 20,366 19,435 19,181 18,509 18,322 17,574 16,350 16,320 14,882 14,700 14,210 13,566 13,377 12,804 12,424 11,505 10,665 10,360 9,842 9,763 9,430

91 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	CHANNEL WELL TECHNOLOGY CO., LTD. NEXTRONICS ENGINEERING CORP. NAN JUEN INTERNATIONAL CO., LTD. QST INTERNATIONAL CORP. TURVO INTERNATIONAL CO., LTD. CHICONY ELECTRONICS CO., LTD. CHROMA ATE INC. JDV CONTROL VALVES CO., LTD. UNITED MICROELECTRONICS CORP. SYSGRATION LTD. 91APP, Inc. BRIGHTEN OPTIX CORPORATION GLOBALWAFERS CO., LTD. ETERNAL MATERIALS CO., LTD. SHEH KAI PRECISION CO., LTD. NAN YA PRINTED CIRCUIT BOARD CORPORATION TAIWAN PRINTED CIRCUIT BOARD TECHVEST CO., LTD. CHENFULL PRECISION CO., LTD JETWELL COMPUTER CO., LTD. FORMOSA OPTICAL TECHNOLOGY CO.,LTD. Foxtron Vehicle Technologies Co., Ltd. MATERIALS ANALYSIS TECHNOLOGY INC. SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO., LTD. FORTUNE ELECTRIC CO., LTD. SPORTON INTERNATIONAL INC. NOVA TECHNOLOGY CORP.	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income–current	110,000 124,000 105,000 147,822 65,000 50,000 40,000 131,000 150,000 220,000 74,000 41,000 13,000 246,250 126,000 27,000 156,000 50,000 57,000 60,000 100,000 19,000 40,000 13,000 14,000 24,000	9,262 9,150 9,051 9,047 9,035 8,750 8,520 8,515 7,890 7,865 7,770 7,770 7,631 7,166 6,930 6,791 6,755 5,424 5,301 5,022 4,460 4,418 4,300 4,251 3,373 3,372	- - - - - - - - - - - - - - - - - - - - - - - - - -	9,262 9,150 9,051 9,047 9,035 8,750 8,520 8,515 7,890 7,865 7,770 7,770 7,631 7,166 6,930 6,791 6,755 5,424 5,301 5,022 4,460 4,418 4,300 4,251 3,373 3,372

92 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	CHC Healthcare Group SINO-AMERICAN SILICON PRODUCTS INC. MERIDA INDUSTRY CO., LTD. Fulgent Sun International (Holding) Co., Ltd. LITE-ON TECHNOLOGY CORPORATION UNIMICRON TECHNOLOGY CORP. UNIVERSAL MICROWAVE TECHNOLOGY, INC. BON FAME CO., LTD. DYNAMIC MEDICAL TECHNOLOGIES INC. P-DUKE TECHNOLOGY CO., LTD. Chien Tung Harbour Service Co., Ltd. CYBERSOFT DIGITAL SERVICES CORPORATION ANNJI PHARMACEUTICAL CO., LTD. eTreego Co., Ltd. GE TECHNOLOGY INC. GREEN SHEPHERD CORPORATION ENLI TECHNOLOGY CO., LTD. JIH SUN International Leasing & Finance Co., Ltd. MEDICAL IMAGING CORPORATION HANDA PHARMACEUTICALS, INC. Lianyou Metals Co., Ltd. TFBS BIOSCIENCE, INC.	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent	47,000 14,000 13,000 15,000 16,000 7,000 7,000 10,000 5,000 5,000 1,800,000 350,000 500,000 500,000 522,771 224,000 76,110 1,000,000 312,000 96,000 271,216 146,640	2,872 2,744 2,373 2,003 1,872 1,232 1,138 914 549 482 18,000 16,597 15,000 9,500 9,240 4,800 3,044 41,680 21,259 17,801 15,062 5,640	- - - - - - - - - - 3 1 1 2 2 2 1 - 1 - 1 -	2,872 2,744 2,373 2,003 1,872 1,232 1,138 914 549 482 18,000 16,597 15,000 9,500 9,240 4,800 3,044 41,680 21,259 17,801 15,062 5,640

93 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation Mentor Consulting Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation	Common stock Common stock Common stock Common stock Common stock Mutual fund Convertible bond Convertible bond Corporate bond Corporate bond Mutual fund Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	CHEN NAN IRON WIRE CO., LTD. SUNNY PHARMTECH INC. VETNOSTRUM ANIMAL HEALTH CO., LTD. GMT GLOBAL INC. MICRO SILICON ELECTRONICS CO., LTD. CTBC Hua Win Money Market Fund BORA PHARMACEUTICALS CO., LTD.3rdConvertible Bond Yulon Finance Corporation.2nd Convertible Bond TSMC ARIZONA CORP.DL-NOTES 2022(22/27) REG.S TSMC GLOBAL LTD.DL-NOTES 2022(22/27) REG.S Union Money Market Fund Microsoft Corporation NVIDIA Corporation Amazon.com, Inc. Advanced Micro Devices, Inc Apple Inc. Starbucks Corporation CHUNGHWA TELECOM CO., LTD. INNODISK CORPORATION TANG ENG IRON WORKS CO.,LTD.	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through othercomprehensiveincome–current	188,000 158,738 105,000 144,000 30,000 17,372,394 56,000 30,000 - - 1,439,671 1,132 740 1,631 1,526 951 1,495 1,336,000 468,783 3,723,000	4,548 4,344 3,242 1,837 1,473 196,572 6,485 3,052 42,123 16,820 19,544 13,070 11,252 7,609 6,907 5,622 4,407 160,320 146,260 123,976	- - - - - - - - - - - - - - - - - - - -	4,548 4,344 3,242 1,837 1,473 196,572 6,485 3,052 42,123 16,820 19,544 13,070 11,252 7,609 6,907 5,622 4,407 160,320 146,260 123,976

94 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	TBI MOTION TECHNOLOGY CO., LTD. JUFAN INDUSTRIAL CO., LTD. GLOBAL TEK FABRICATION CO., LTD. YUNGSHIN CONSTRUCTION & DEVELOPMENT CO.,LTD. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED JDV CONTROL VALVES CO., LTD. Fubon Financial Holding Co., Ltd. TOPCO SCIENTIFIC CO., LTD. Mega Financial Holding Co., Ltd. Bionime Corporation PROMATE SOLUTIONS CORPORATION B’IN LIVE CO., LTD. First Financial Holding Co. Ltd. FIRST HI-TEC ENTERPRISE CO., LTD. STARK TECHNOLOGY, INC. TRIPOD TECHNOLOGY CORPORATION NAN JUEN INTERNATIONAL CO., LTD. MICRO-STAR INTERNATIONAL CO., LTD. FSP TECHNOLOGY INC. EXCELSIOR MEDICAL CO., LTD. CHROMA ATE INC. CHICONY POWER TECHNOLOGY CO., LTD. ZERO ONE TECHNOLOGY CO., LTD. GREAT WALL ENTERPRISE CO., LTD. UNITED MICROELECTRONICS CORP. ASE Technology Holding Co., Ltd.	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income–current	3,294,000 2,005,000 1,720,943 990,000 141,000 1,050,000 848,150 296,548 1,378,720 722,200 475,000 450,000 1,614,962 324,000 294,000 178,000 400,000 166,000 627,000 354,878 136,000 197,000 415,000 430,355 454,000 170,000	106,396 100,150 92,242 91,377 83,613 68,250 54,960 54,120 54,046 54,021 46,503 44,774 44,250 39,690 35,427 34,710 34,480 33,864 32,165 31,371 28,968 28,664 27,141 25,175 23,880 22,950	- - - - - - - - - - - - - - - - - - - - - - - - - -	106,396 100,150 92,242 91,377 83,613 68,250 54,960 54,120 54,046 54,021 46,503 44,774 44,250 39,690 35,427 34,710 34,480 33,864 32,165 31,371 28,968 28,664 27,141 25,175 23,880 22,950

95 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock	FARCENT ENTERPRISE CO., LTD. REALTEK SEMICONDUCTOR CORP. CHICONY ELECTRONICS CO., LTD. COMPEQ MANUFACTURING COMPANY LIMITED SYSGRATION LTD. GIGA-BYTE TECHNOLOGY CO., LTD. TAI-SAW TECHNOLOGY CO., LTD. NAN YA PRINTED CIRCUIT BOARD CORPORATION SYMTEK AUTOMATION ASIA CO., LTD. UNIMICRON TECHNOLOGY CORP. MATERIALS ANALYSIS TECHNOLOGY INC. GLOBALWAFERS CO., LTD. 91APP, Inc. SPORTON INTERNATIONAL INC. PACIFIC HOSPITAL SUPPLY CO., LTD. LITE-ON TECHNOLOGY CORPORATION PRESIDENT CHAIN STORE CORPORATION PRIMAX ELECTRONICS LTD. SCIENTECH CORPORATION FENG TAY ENTERPRISES CO., LTD. SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO., LTD. ECLAT TEXTILE CO., LTD. RADIANT OPTO-ELECTRONICS CORPORATION PHISON ELECTRONICS CORPORATION FORTUNE ELECTRIC CO., LTD. DELTA ELECTRONICS, INC. GLOBE UNION INDUSTRIAL CORP	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income–current	386,000 47,000 119,000 261,000 510,000 68,000 648,323 66,000 148,517 79,000 57,000 21,000 113,000 46,000 122,000 89,000 38,000 145,000 42,000 50,400 81,000 15,000 60,000 14,000 21,000 16,000 239,000	22,272 22,161 20,825 18,453 18,233 18,088 17,796 16,599 15,520 13,904 13,253 12,327 11,864 11,086 10,541 10,413 10,241 9,817 8,988 8,820 8,708 8,430 7,980 7,280 6,867 5,016 3,692	- - - - - - - - - - - - - - - - - - - - - - - - - - -	22,272 22,161 20,825 18,453 18,233 18,088 17,796 16,599 15,520 13,904 13,253 12,327 11,864 11,086 10,541 10,413 10,241 9,817 8,988 8,820 8,708 8,430 7,980 7,280 6,867 5,016 3,692

96 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation	Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Mutual fund Subordinated financial bond Convertible bond Convertible bond Convertible bond Convertible bond	NOVATEK MICROELECTRONICS CORP. YAGEO CORPORATION ELITE MATERIAL CO., LTD. King’s Town Bank MEDIATEK INC. ADATA TECHNOLOGY CO., LTD. BizLink Holding Inc. CATHAY FINANCIAL HOLDING CO., LTD. FOXCONN GLOBAL NETWORK CORPORATION TECHPLASMA TECHNOLOGY CO., LTD. GREEN SHEPHERD CORPORATION MEDICAL IMAGING CORPORATION SUNNY PHARMTECH INC. FLASHAIM INC. Fubon Chi-Hsiang Money Market Fund The first issue of unsecured cumulative subordinated corporate bonds of Shin Kong Life of 2023 HD Renewable Energy Co., Ltd.1stConvertible Bond LOTES CO., LTD. Convertible Bond 2 ACTRON TECHNOLOGY CORPORATION. 1st Convertible Bond MARKETECH INTERNATIONAL CORP. 5th Convertible Bond	No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement)	7,000 6,000 9,000 83,000 3,000 28,000 9,087 562 3,000,000 328,064 672,000 1,188,000 1,749,841 385,000 1,304,208 - 250,000 140,000 100,000 40,000	3,619 3,582 3,438 3,316 3,045 2,884 2,426 26 22,295 15,337 14,401 80,946 47,890 7,616 21,002 50,000 29,125 18,620 11,400 4,520	- - - - - - - - 9 1 5 6 1 3 - - - - - -	3,619 3,582 3,438 3,316 3,045 2,884 2,426 26 22,295 15,337 14,401 80,946 47,890 7,616 21,002 50,000 29,125 18,620 11,400 4,520

97 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
Eminence Investment Corporation Eminence Investment Corporation Shin Mau Investment Corporation Hung-Chuan Investment Corporation Chi-Yi Investment Corporation Ding Da Investment Corporation Jiing-Cherng-Fa Investment Corporation Gau Ruei Investment Corporation Li-Ching-Long Investment Corporation Sheng Lih Dar Investment Corporation Chiun Yu Investment Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation Wabo Global Trading Corporation Chung Mao Trading (Samoa) Corporation Chung Mao Trading (Samoa) Corporation CSGT International Corporation CSGT International Corporation	Corporate bond Corporate bond Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Common stock Preferred stock Common stock Certificate of entitlement Certificate of entitlement Common stock Certificate of entitlement	TSMC GLOBAL LTD.DL-NOTES 2022(22/27) REG.S TSMC ARIZONA CORP.DL-NOTES 2022(22/27) REG.S China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation Nippon Steel Thai Sumilox Co., Ltd. Nippon Steel Thai Sumilox Co., Ltd. China Steel Corporation Maruichi Metal Product (Foshan) Co., Ltd. PCMI Metal Products (Chongquing) Co., Ltd. NST Coil Center (Thailand) Ltd. Hanoi Steel Center Co., Ltd.	No relation No relation The ultimate parent company The ultimate parent company The ultimate parent company The ultimate parent company The ultimate parent company The ultimate parent company The ultimate parent company The ultimate parent company The ultimate parent company Parent company No relation No relation The ultimate parent company No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – current Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent	- - 1,433,749 1,605,875 1,616,723 1,525,494 1,461,875 1,493,318 1,605,441 1,542,138 1,623,289 4,349,507 1,110 15 487,367 - - 3,001 -	42,815 21,061 38,711 43,359 43,652 41,188 39,471 40,320 43,347 41,638 43,829 117,437 107,841 48,821 13,159 232,825 125,011 92,553 186,051	- - - - - - - - - - - - 15 15 - 15 8 13 19	42,815 21,061 38,711 43,359 43,652 41,188 39,471 40,320 43,347 41,638 43,829 117,437 107,841 48,821 13,159 232,825 125,011 92,553 186,051

98 -

Held Company Name	Type and Nam	e of Marketable Securities	Relationship with The Company	Financial Statement Account		DECEMBER	31, 2023		Note
					Shares/Units	Carrying Value	Percentage of Ownership (%)	Fair Value
CSC Steel Australia Holdings Pty Ltd CSC Steel Australia Holdings Pty Ltd China Steel Asia Pacific Holdings Pte Ltd China Steel Asia Pacific Holdings Pte Ltd China Steel Asia Pacific Holdings Pte Ltd CSC Steel Holdings Berhad CSC Steel Holdings Berhad CSC Steel Sdn. Bhd. CSC Steel Sdn. Bhd. CSC Steel Sdn. Bhd. Constant Mode Sdn. Bhd.	Common stock Common stock Certificate of entitlement Certificate of entitlement Certificate of entitlement Common stock Mutual fund Mutual fund Mutual fund Mutual fund Mutual fund	KJTC Pty Ltd Mulga Iron Holdings Pty Ltd Wuxi TECO Electric & Machinery Co., Ltd. QINGDAO TECO PRECISION MECHATRONICS CO., Ltd. TOP PRO STEEL JOINT STOCK COMPANY Astino Berhad AFFINHWANG – AIIMAN MONEY MARKET FUND RHB CASH I FUND 2 AFFINHWANG – AIIMAN MONEY MARKET FUND HLAM – MONEY MARKET FUND RHB CASH I FUND 2	The held company as its director No relation The held company as its director and supervisor The held company as its director No relation No relation No relation No relation No relation No relation No relation	Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets at fair value through other comprehensive income – noncurrent Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement)	2,623,595 384,869 - - - 6,562,727 26,813,624 96,088,601 211,491,442 22,145 278,497	4,974,759 32,685 568,043 98,256 26,468 22,590 97,231 956,593 766,905 142 2,773	13 - 6 12 3 - - - - - -	4,974,759 32,685 568,043 98,256 26,468 22,589 97,231 956,593 766,905 142 2,773

Note 1: Parent company’s stocks pledged as collateral amounted to 53,500 thousand shares and NT$1,444,500thousand.

Note 2: Parent company’s stocks pledged as collateral amounted to 123,100 thousand shares and NT$3,323,700thousand.

99 -

TABLE 4

CHINA STEEL CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES ACQUIRED AND DISPOSED OF AT COSTS OR PRICES OF AT LEAST NT$300 MILLION OR 20% OF THE PAID-IN CAPITAL FOR THE PERIOD ENDED DECEMBER 31, 2023

(Amounts in Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company	Type of Marketable Securities	Name of Marketable Securities	Financial Statement Account	Counter-party	Nature of Relationship	Beginn	ing Balance	Acquisi	tion (Note 1)		Dispos	al (Note 1)		Endin	g Balance
						Shares/Units	Amount	Shares/Units	Amount	Shares/Units	Amount	Carrying Value	Gain/Loss on Disposal	Shares/Units	Amount
China Steel Corporation CHC Resources Corporation China Steel Power Holding Corporation Transglory Investment Corporation Gains Investment Corporation Pro-Ascentek Investment Corporation Eminence Investment Corporation OmniGains Investment Corporation China Steel Asia Pacific Holdings Pte Ltd CSC Steel Sdn. Bhd. CSC Steel Sdn. Bhd.	Common stock Mutual fund Common stock Mutual fund Common stock Mutual fund Mutual fund Certificate of entitlement Certificate of entitlement Mutual fund Mutual fund	China Steel Power Holding Corporation Taishin 1699 Money Market Fund China Steel Power Corporation Jih Sun Money Market Fund OmniGains Investment Corporation CTBC Hua Win Money Market Fund Cathay Taiwan Money Market Fund Changzhou China Steel Precision Materials Co., Ltd. Changzhou China Steel Precision Materials Co., Ltd. AFFINHWANG – AIIMAN MONEY MARKET FUND RHB CASH I FUND 2	Investments accounted for using equity method Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Investments accounted for using equity method Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Investments accounted for using equity method Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Investments accounted for using equity method Investments accounted for using equity method Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement) Financial assets mandatorily classified as at fair value through profit or loss – current (including measurement)	Subsidiary No relation Subsidiary No relation Subsidiary No relation No relation Investee accounted for using equity method Subsidiary No relation No relation	Subsidiary - Subsidiary - Subsidiary - - Investee accounted for using equity method Subsidiary - -	377,349,000 - 739,299,990 13,977,374 - 28,915,950 - - - 231,053,451 29,019,380	3,864,987 - 7,623,194 210,650 - 323,234 - - 1,211,261 850,385 291,260	41,871,000 28,953,967 82,100,000 58,494,442 23,168,349 22,241,532 27,630,475 - - 115,136,167 73,616,294	609,089 400,000 1,194,516 889,008 573,046 250,674 350,000 573,044 - 408,029 730,868	- 28,953,967 - 33,176,651 - 33,785,088 27,630,475 - - 134,698,176 6,547,073	- 400,249 - 502,000 - 380,000 350,226 - 721,981 491,509 65,535	- 400,000 - 500,230 - 377,336 350,000 - 638,305 491,509 65,535	- 249 - 1,770 - 2,664 226 - 83,676 (Note 3) - -	419,220,000 - 821,399,990 39,295,165 23,168,349 17,372,394 - - - 211,491,442 96,088,601	4,474,076 - 8,817,710 599,428 573,046 196,572 - 573,044 (Note 2) 572,956 (Note 2) 766,905 956,593

Note 1: The acquisition and disposal include the costs, proceeds from sale, share of profits/losses of investees and other related adjustment.

Note 2: Group reorganized, CSAP sold 35% of its shares in CSPM to OG.

Note 3: Including CSAP classifies the difference between carrying cost and selling price under equity.

100 -

TABLE 5

CHINA STEEL CORPORATION AND SUBSIDIARIES

ACQUISITION OF INDIVIDUAL REAL ESTATE AT COSTS OF AT LEAST NT$300 MILLION OR 20% OF THE PAID-IN CAPITAL FOR THE PERIOD ENDED DECEMBER 31, 2023

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Property	Event Date	Transaction Amount	Payment Term	Counterparty	Relationship	P	rior Transaction	of Related Coun	ter Party	Pricing Reference	Purpose of Acquisition	Other Terms
							Owner	Relationships	Transfer Date	Amount
China Steel Corporation China Prosperity Construction Corporation Dragon Steel Corporation	New straight bar finishing line (Phase-C) project of NO.2 bar mill Yanbei residential building construction project INDOOR YARD	2023.11.03 (Note 1) 2023.11.30 (Note 1) 2015.12.14 (Note 1)	400,000 732,920 1,940,816.46 (Note 2)	According to the contract According to the contract & progress According to the contract	United Steel Engineering & Construction Corporation United Steel Engineering & Construction Corporation United Steel Engineering & Construction Corporation, CHINA STEEL STRUCTURE CO., LTD., China Ecotek Corporation	Subsidiary Group corporate relations Fellow Company				- - -	Price negotiation Tender & Price Competition Price negotiation	By building an intelligent finishing line, the quality of straight bars and production efficiency can be improved. Also, it is estimated that the overall output of the bar in coil and straight bar products can be increased to meet market demands. Be sold after construction Construction for own use

Note 1: The disclosures are expected information based on the capital appropriation approved by the Board of Directors (Right-of-use assets are included). The actual information shall be subject to the final purchase order of the company.

Note 2: The relevant contracts were signed in December 2015,and the construction was completed in September 2023 and recognized as property, plant and equipment-buildings.

101 -

TABLE 6

CHINA STEEL CORPORATION AND SUBSIDIARIES

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL FOR THE PERIOD ENDED DECEMBER 31, 2023

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Buyer	Related Party	Relationship		Relationship	Relationship		Abnormal	Transaction	Notes/Accounts Receiv	able (Payable)	Note
			Purchase/Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% of Total
China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation	Chung Hung Steel Corporation CSCI Steel Corporation India Pvt. Ltd. China Steel Structure Co., Ltd. China Steel and Nippon Steel Vietnam Joint Stock Company China Steel Chemical Corporation CSC Steel Sdn. Bhd. China Steel Precision Metals Qingdao Co., Ltd. CSGT Metals Vietnam Joint Stock Company China Steel Global Trading Corporation China Steel Precision Metals Kunshan Co., Ltd. CHC Resources Corporation Fukuta Electric & Machinery Co., Ltd. TSK Steel Company Limited Dragon Steel Corporation HIMAG Magnetic Corporation China Steel Machinery Corporation China Steel Global Trading Corporation Dragon Steel Corporation China Steel Chemical Corporation	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Affiliated enterprise Affiliated enterprise Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary	Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Service revenue and other operating revenue Service revenue and other operating revenue Service revenue and other operating revenue	(7,159,479 ) (3,258,594 ) (3,108,874 ) (2,918,347 ) (2,410,541 ) (1,267,119 ) (1,102,574 ) (1,031,736 ) (931,160 ) (791,402 ) (707,585 ) (665,931 ) (640,442 ) (601,878 ) (181,976 ) (118,367 ) (1,171,435 ) (811,744 ) (243,406 )	(4 ) (2 ) (2 ) (1 ) (1 ) (1 ) (1 ) (1 ) - - - - - - - - (1 ) - -	Letter of credit/Receivables were collected after final acceptance Accounts receivable factoring agreements Letter of credit/Accounts received in advance before shipment date Accounts receivable factoring agreements/Receivables were collected within 14 days after shipment date Letter of credit Receivables were collected within 14 days after shipment date Receivables were collected within 60 days after shipment date Receivables were collected within 14 days after shipment date Receivables were collected within 10 days after shipment date Receivables were collected within 85 days after shipment date Letter of credit Letter of credit Letter of credit/Accounts received in advance before shipment date Receivables were collected within 5 days after shipment date Letter of credit/Accounts received in advance before shipment date Accounts received in advance before shipment date By contract terms By contract terms By contract terms	- - - - - - - - - - - - - - - - - - -		210,824 - 16,017 26,152 213,252 7,720 150,358 29,335 4,419 168,093 12,225 - - 57,224 642 33 - 59,678 40,864	6 - - 1 6 - 5 1 - 5 - - - 2 - - - 2 1

102 -

Buyer	Related Party	Relationship		Relationship	Relationship		Abnormal	Transaction	Notes/Accounts Receiv	able (Payable)	Note
			Purchase/Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% of Total
China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation	Tang Eng Iron Works Co., Ltd. C.S.Aluminium Corporation Dragon Steel Corporation China Steel Express Corporation C.S.Aluminium Corporation CSE Transport Corporation China Steel Global Trading Corporation HIMAG Magnetic Corporation Hsin Hsin Cement Enterprise Corporation CHC Resources Corporation China Ecotek Corporation Chung Hung Steel Corporation China Steel Corporation CSC Steel Sdn. Bhd. China Steel and Nippon Steel Vietnam Joint Stock Company China Steel Chemical Corporation China Steel Global Trading Corporation China Steel Structure Co., Ltd. CHC Resources Corporation CSGT Metals Vietnam Joint Stock Company China Steel Corporation China Steel Global Trading Corporation China Steel Express Corporation	The Corporation as director of the board of related party Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Affiliated enterprise Subsidiary Subsidiary The same parent company Parent company The same parent company The same parent company The same parent company The same parent company The same parent company The same parent company The same parent company Parent company The same parent company The same parent company	Service revenue and other operating revenue Service revenue and other operating revenue Purchases Purchases Purchases Purchases Purchases Purchases Purchases Purchases Purchases Sales Sales Sales Sales Sales Sales Sales Sales Sales Other operating revenue Other operating revenue Purchases	(127,912 ) (127,259 ) 10,294,034 6,716,266 2,289,686 1,797,415 729,202 277,450 166,829 123,360 110,356 (14,271,436 ) (9,383,512 ) (4,805,936 ) (4,249,220 ) (1,079,702 ) (814,131 ) (759,666 ) (331,481 ) (129,521 ) (910,523 ) (260,286 ) 3,506,079	- - 8 5 2 1 1 - - - - (16 ) (10 ) (5 ) (5 ) (1 ) (1 ) (1 ) - - (1 ) - 5	By contract terms By contract terms Payment within 5 days after shipment date/Payment after final acceptance Payment against copy of B/L Payment after final acceptance Payment against copy of B/L Payment after final acceptance Payment after final acceptance Payment after final acceptance Payment after final acceptance Payment after final acceptance Receivables were collected within 5 days after shipment date Receivables were collected within 5 days after shipment date/Receivables were collected after final acceptance Receivables were collected within 5 days after shipment date Receivables were collected within 5 days after shipment date Receivables were collected within 5 days after shipment date Receivables were collected within 5 days after shipment date/Accounts received in advance before shipment date Receivables were collected within 5 days after shipment date/Letter of credit Receivables were collected within 5 days after shipment date/Letter of credit Receivables were collected within 5 days after shipment date Receivables were collected after final acceptance Accounts received in advance before shipment date Payment against copy of B/L	- - - - - - - - - - - - - - - - - - - - - - -	NO THIRD-PARTY COULD BE COMPARED NO THIRD-PARTY COULD BE COMPARED NO THIRD-PARTY COULD BE COMPARED	5,522 10,477 (263,010 ) (227,573 ) (190,496 ) (153,480 ) (20,848 ) (10,448 ) (27,697 ) (9,612 ) (2,633 ) 426,212 33,755 76,313 327,547 32,890 44,505 18,908 8,088 5,565 229,256 - (173,420 )	- - (4 ) (3 ) (3 ) (2 ) - - - - - 16 1 3 13 1 2 1 - - 9 - (4 )

103 -

Buyer	Related Party	Relationship		Relationship	Relationship		Abnormal	Transaction	Notes/Accounts Receiv	able (Payable)	Note
			Purchase/Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% of Total
Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Betacera Inc. Betacera Inc. Betacera Inc. Betacera Inc. Betacera (Su Zhou) Co., Ltd. Betacera (Su Zhou) Co., Ltd. Suzhou Betacera Technology Co., Ltd. China Steel Express Corporation China Steel Express Corporation China Steel Express Corporation China Steel Express Corporation CSE Transport Corporation CSE Transport Corporation CSE Transport Corporation Kaoport Stevedoring Corporation C.S.Aluminium Corporation C.S.Aluminium Corporation CSC Steel Sdn. Bhd. CSC Steel Sdn. Bhd. CSC Steel Sdn. Bhd.	CSE Transport Corporation China Steel Corporation C.S.Aluminium Corporation Sakura Ferroalloys Sdn. Bhd. China Steel Global Trading Corporation China Steel Corporation Betacera (Su Zhou) Co., Ltd. Betacera (Su Zhou) Co., Ltd. Suzhou Betacera Technology Co., Ltd. Betacera Inc. Betacera Inc. Betacera Inc. China Steel Corporation Dragon Steel Corporation CHC Resources Corporation CSE Transport Corporation China Steel Corporation Dragon Steel Corporation China Steel Express Corporation China Steel Corporation China Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Chung Hung Steel Corporation China Steel Corporation	The same parent company Parent company The same parent company The parent company as director of the board of related party The same parent company The ultimate parent of the company Subsidiary Subsidiary Subsidiary Parent company Parent company Parent company Parent company The same parent company The same parent company Subsidiary The ultimate parent of the company The same parent company Parent company The ultimate parent of the company Parent company The same parent company The same parent company The same parent company The ultimate parent of the company	Purchases Purchases Purchases Purchases Purchases Sales Sales Purchases Purchases Sales Purchases Sales Service revenue Service revenue Service revenue Purchases Service revenue Service revenue Service revenue Service revenue Sales Sales Purchases Purchases Purchases	926,006 780,854 706,169 646,716 300,160 (502,496 ) (424,131 ) 1,194,320 392,022 (1,188,669 ) 422,960 (390,004 ) (7,929,152 ) (3,734,352 ) (767,513 ) 556,455 (1,798,446 ) (930,829 ) (557,866 ) (225,324 ) (2,289,686 ) (706,169 ) 4,855,485 1,340,490 1,229,163	1 1 1 1 - (18 ) (15 ) 54 18 (86 ) 47 (100 ) (54 ) (25 ) (5 ) 5 (46 ) (24 ) (14 ) (66 ) (14 ) (4 ) 58 16 15	Payment against copy of B/L Payment within 5 days after shipment date Payment after final acceptance Payment after shipping document specified Payment after final acceptance Receivables were collected after final acceptance Net 90-180 days from the end of the month of when invoice is issued Net 90-180 days from the end of the month of when invoice is issued Net 90-180 days from the end of the month of when invoice is issued Net 90-180 days from the end of the month of when invoice is issued Net 90-180 days from the end of the month of when invoice is issued Net 90-180 days from the end of the month of when invoice is issued Receivable were collected within 10 working days against copy of B/L Receivable were collected within 10 working days against copy of B/L Receivable were collected within 10 working days against copy of B/L Payment against copy of B/L Receivable were collected within 10 working days against copy of B/L Receivable were collected within 10 working days against copy of B/L Receivable were collected within 10 working days against copy of B/L Receivable were collected within 30 working days against copy of B/L Receivables were collected after final acceptance Receivables were collected after final acceptance Payment after shipping document specified Payment after shipping document specified Payment after shipping document specified	- - - - - - - - - - - - - - - - - - - - - - - - -	NO THIRD-PARTY COULD BE COMPARED NO THIRD-PARTY COULD BE COMPARED NO THIRD-PARTY COULD BE COMPARED NO THIRD-PARTY COULD BE COMPARED	(85,672 ) (57,224 ) (53,512 ) - (10,521 ) 5,552 74,062 (176,408 ) (110,212 ) 176,074 (73,712 ) 110,004 240,453 192,595 - (83,027 ) 153,480 85,672 83,027 8,759 190,496 53,512 (69,776 ) (70,129 ) (7,527 )	(2 ) (1 ) (1 ) - - 1 14 (44 ) (28 ) 83 (33 ) 99 48 39 - (39 ) 42 23 23 69 32 9 (43 ) (43 ) (5 )

104 -

Buyer	Related Party	Relationship		Relationship	Relationship		Abnormal	Transaction	Notes/Accounts Receiv	able (Payable)	Note
			Purchase/Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% of Total
CSC Steel Sdn. Bhd. Chung Hung Steel Corporation Chung Hung Steel Corporation Chung Hung Steel Corporation Chung Hung Steel Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation Changzhou China Steel New Materials Technology Co., Ltd. China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation CSGT Metals Vietnam Joint Stock Company CSGT Metals Vietnam Joint Stock Company China Steel Precision Metals Kunshan Co., Ltd. China Steel Precision Metals Qingdao Co., Ltd. China Steel Precision Metals Qingdao Co., Ltd.	China Steel Global Trading Corporation CSC Steel Sdn. Bhd. China Steel Corporation Dragon Steel Corporation China Steel Corporation Linyuan Advanced Materials Technology Co., Ltd. Changzhou China Steel New Materials Technology Co., Ltd. China Steel Corporation Dragon Steel Corporation Formosa Ha Tinh Steel Corporation China Steel Chemical Corporation China Steel Corporation Dragon Steel Corporation CSC Steel Sdn. Bhd. China Steel Corporation Formosa Ha Tinh Steel Corporation China Steel Corporation Dragon Steel Corporation Tang Eng Iron Works Co., Ltd. China Steel Corporation China Steel and Nippon Steel Vietnam Joint Stock Company China Steel Corporation Rechi Precision (Qingdao) Electric Machinery Limited China Steel Corporation	The same parent company The same parent company Parent company The same parent company Parent company Subsidiary of director of the board Subsidiary Parent company The same parent company Other related parties Parent company Parent company The same parent company The same parent company Parent company Other related parties Parent company The same parent company The parent company as director of the board of related party The ultimate parent of the company The same parent company The ultimate parent of the company The parent company as the director of other related party’s parent company The ultimate parent of the company	Purchases Sales Service revenue Purchases Purchases Sales Sales Purchases Purchases Purchases Purchases Sales Sales Sales Service revenue Purchases Purchases Purchases Purchases Purchases Purchases Purchases Sales Purchases	157,585 (1,374,312 ) (422,897 ) 14,386,545 7,242,475 (1,078,803 ) (215,909 ) 2,391,084 1,079,702 521,259 237,850 (727,078 ) (300,160 ) (189,817 ) (213,529 ) 6,061,223 2,865,577 309,168 148,856 1,168,731 326,463 840,948 (161,018 ) 1,110,812	2 (4 ) (1 ) 44 22 (13 ) (3 ) 57 26 12 74 (6 ) (3 ) (2 ) (73 ) 52 24 3 1 68 19 98 (12 ) 99	Payment after shipping document specified T/T within 7 working days against copy of B/L T/T as the end of the month of when invoice is issued after final acceptance Letter of credit at sight Letter of credit at sight/Payment after final acceptance Receivables are collected as the end of every month of when invoice is issued Receivables were collected within 150 days after shipment date Letter of credit at sight Letter of credit at sight Payment within 10 days after shipment date Payment within 150 days after shipment date Receivables were collected after final acceptance Receivables were collected after final acceptance Receivable were collected within 7 working days against copy of B/L By contract terms Payment from counter-party notice after shipping Payment within 10 days after shipment date Payment within 5 days after shipment date/Prepaid before shipment date Prepaid before shipment date Payment within 14 days after shipment date Payment after shipment date Payment within 85 days after shipment date Net 7 days from invoice date/Net 30 days from invoice date 60 days after B/L	- - - - - - - - - - - - - - - - - - - - - - - -	NO SIGNIFICANT DIFFERENCE NO THIRD-PARTY COULD BE COMPARED NO THIRD-PARTY COULD BE COMPARED NO THIRD-PARTY COULD BE COMPARED ES:Payment within 7 days after receipt of invoice; PO:Pay 180 days Banker’s acceptance within 30 days after receipt of invoice	- 71,984 30,105 - (569,720 ) 90,333 126,385 (255,186 ) - - (126,385 ) 20,848 10,521 - 19,945 (49,387 ) (4,419 ) - - (34,513 ) (60,856 ) (168,093 ) 3,838 (150,358 )	- 10 4 - (88 ) 12 17 (86 ) - - (100 ) 9 4 - 8 (46 ) (4 ) - - (33 ) (58 ) (99 ) 6 (98 )	Note Note

105 -

Buyer	Related Party	Relationship		Relationship	Relationship		Abnormal	Transaction	Notes/Accounts Receiv	able (Payable)	Note
			Purchase/Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% of Total
CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation	TAIWAN CEMENT CORPORATION YA TUNG READY-MIXED CONCRETE CORP. Universal Cement Corporation China Steel Corporation China Steel Corporation Dragon Steel Corporation China Steel Resources Corporation TAIWAN CEMENT CORPORATION China Steel Corporation	Director of the board Subsidiary of director of the board Director of the board Parent company Parent company The same parent company The same parent company Director of the board Parent company	Sales Sales Sales Sales Service revenue Service revenue Service revenue Service revenue Purchases	(823,983 ) (520,221 ) (263,138 ) (119,342 ) (2,950,823 ) (1,400,136 ) (642,849 ) (135,166 ) 728,324	(7 ) (5 ) (2 ) (1 ) (27 ) (13 ) (6 ) (1 ) 21	Net 60 days from the end of the month of when invoice is issued Net 60 days from the end of the month of when invoice is issued Net 60 days from the end of the month of when invoice is issued Net 60 days from the end of the month of when invoice is issued Net 60 days from the end of the month of when invoice is issued Net 30~70 days from the end of the month of when invoice is issued By contract terms Net 60 days from the end of the month of when invoice is issued Letter of credit	- - - - - - - - -	Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties.	283,136 81,864 24,246 171,245 171,245 150,464 61,542 283,136 (12,225 )	24 7 2 14 14 13 5 24 (5 )

106 -

Buyer	Related Party	Relationship		Relationship	Relationship		Abnormal	Transaction	Notes/Accounts Receiv	able (Payable)	Note
			Purchase/Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% of Total
CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation Union Steel Development Corporation CHC Resources Vietnam Co., Ltd CHC Resources Vietnam Co., Ltd CHC Resources Vietnam Co., Ltd InfoChamp Systems Corporation InfoChamp Systems Corporation China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. United Steel Engineering & Construction Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation	Chung Hung Steel Corporation Dragon Steel Corporation CHC Resources Vietnam Co., Ltd ASIA CEMENT CORPORATION China Steel Express Corporation CHC Resources Corporation CHC Resources Corporation Formosa Ha Tinh Steel Corporation Formosa Ha Tinh Steel Corporation China Steel Corporation Dragon Steel Corporation China Steel Corporation Dragon Steel Corporation Dragon Steel Corporation China Steel Corporation United Steel Engineering & Construction Corporation China Steel Chemical Corporation Sing Da Marine Structure Corporation China Steel Corporation Dragon Steel Corporation China Steel Corporation China Steel Corporation Dragon Steel Corporation CSC Solar Corporation	The same parent company The same parent company Subsidiary Director of the board The same parent company Parent company Parent company Other related parties Other related parties Parent company The same parent company Parent company The same parent company The same parent company Parent company Subsidiary The same parent company The same parent company Parent company The same parent company The ultimate parent of the company Parent company The same parent company The same parent company	Purchases Purchases Purchases Purchases Purchases Service revenue Sales Service revenue Purchases Service revenue Service revenue Service revenue Service revenue Construction revenue Construction revenue Construction revenue Construction revenue Construction revenue Purchases Purchases Construction revenue Construction revenue Construction revenue Construction revenue	378,118 331,464 237,920 142,685 124,622 (317,184 ) (237,920 ) (194,557 ) 497,873 (962,934 ) (193,040 ) (405,541 ) (108,648 ) (1,030,428 ) (745,478 ) (354,661 ) (135,717 ) (108,572 ) 3,108,874 761,063 (2,985,592 ) (5,947,799 ) (1,304,272 ) (340,037 )	11 10 7 4 4 (65 ) (20 ) (16 ) 100 (47 ) (9 ) (4 ) (1 ) (10 ) (7 ) (3 ) (1 ) (1 ) 65 16 (35 ) (62 ) (14 ) (4 )	Letter of credit Letter of credit Prepaid before shipment date 45 days after B/L Prepaid before shipping By contract terms Accounts received in advance before shipment date Net 10 days from invoice date Prepaid before shipment date By contract terms By contract terms Contractual period Contractual period Contractual period Contractual period Contractual period Contractual period Contractual period Letter of credit/Prepaid before shipment date Letter of credit Contractual period Contractual period Contractual period Contractual period	- - - - - - - - - - - - - - - - - - - - - - - -	Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Credit policy for sales to non-related parties starts from bill of lading date, and the payment term has no significant difference from the term of related parties. Payment 7thof next month after accept supplier invoice. Payment 7thof next month after accept supplier invoice.	(36,530 ) (4,032 ) - (14,498 ) (320 ) 40,469 - 42,894 - 90,970 28,969 23,834 16,291 66,725 44,275 - 29,763 - (16,715 ) (14,438 ) 221,994 229,314 176,000 152,318	(15 ) (2 ) - (6 ) - 73 - 37 - 26 8 3 2 10 6 - 4 - (1 ) (1 ) 96 37 28 24

107 -

Buyer	Related Party	Relationship		Relationship	Relationship		Abnormal	Transaction	Notes/Accounts Receiv	able (Payable)	Note
			Purchase/Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% of Total
China Steel Security Corporation China Steel Security Corporation Steel Castle Technology Corporation Steel Castle Technology Corporation Steel Castle Technology Corporation HIMAG Magnetic Corporation HIMAG Magnetic Corporation China Steel Machinery Corporation China Steel Machinery Corporation China Steel Machinery Corporation China Steel and Nippon Steel Vietnam Joint Stock Company China Steel and Nippon Steel Vietnam Joint Stock Company China Steel and Nippon Steel Vietnam Joint Stock Company China Steel and Nippon Steel Vietnam Joint Stock Company China Steel and Nippon Steel Vietnam Joint Stock Company China Steel and Nippon Steel Vietnam Joint Stock Company China Steel and Nippon Steel Vietnam Joint Stock Company CSCI Steel Corporation India Pvt. Ltd. Kaohsiung Rapid Transit Corporation China Steel Resources Corporation CSC Solar Corporation Sing Da Marine Structure Corporation Sing Da Marine Structure Corporation	China Steel Corporation Dragon Steel Corporation China Steel Corporation United Steel Engineering & Construction Corporation Dragon Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation Dragon Steel Corporation China Steel Corporation NIPPON STEEL & SUMIKIN SALES VIETNAM COMPANY LIMITED NS BlueScope (Vietnam) Limited CSGT Metals Vietnam Joint Stock Company Nippon Steel Trading Vietnam Co., Ltd. China Steel Corporation Nippon Steel & Sumikin Bussan Corporation Formosa Ha Tinh Steel Corporation China Steel Corporation Taiwan Intelligent Transportation Co., Ltd. China Steel Corporation China Steel Corporation China Steel Power Corporation China Steel Machinery Corporation	Parent company The same parent company The ultimate parent of the company The same parent company The same parent company Parent company Parent company Parent company The same parent company Parent company Other related parties Other related parties The same parent company Other related parties Parent company Director of the board Other related parties Parent company Subsidiary Parent company Parent company The same parent company The same parent company	Service revenue Service revenue Service revenue Service revenue Service revenue Sales Purchases Construction revenue Construction revenue Purchases Sales Sales Sales Sales Purchases Purchases Purchases Purchases Service revenue and other operating revenue Service revenue Sales Construction revenue Outsourcing construction fee	(422,632 ) (120,177 ) (608,737 ) (410,652 ) (154,795 ) (279,152 ) 182,296 (2,955,165 ) (706,189 ) 121,920 (1,246,936 ) (492,714 ) (330,841 ) (119,681 ) 7,411,666 2,604,222 429,927 3,264,065 (143,862 ) (835,032 ) (152,188 ) (3,777,675 ) 213,003	(27 ) (8 ) (44 ) (30 ) (11 ) (30 ) 37 (54 ) (13 ) 19 (9 ) (4 ) (2 ) (1 ) 71 25 4 99 (5 ) (100 ) (29 ) (100 ) 6	By contract terms By contract terms By contract terms By contract terms By contract terms Receivables were collected after final acceptance Letter of credit/Prepaid before shipment date Receivables were collected after final acceptance Receivables were collected after final acceptance Prepaid before shipment date Accounts receivable, 10 days term Accounts receivable, 60 days term Accounts receivable, 30 days term Accounts receivable, 10 days term 14 days after B/L/Payment to the bank after the Corporation’s shipment date 14 days after B/L 08 days after B/L Payment to the bank after the Corporation’s shipment date Net 30 days from the end of the month of when invoice is issued Net 60 days from the end of the month of when invoice is issued Contractual period By contract terms Payment after final acceptance	- - - - - - - - - - - - - - - - - - - - - - -		24,923 10,014 35,083 - 16,288 10,545 (888 ) 28,232 47,383 (33 ) 30,140 116,774 61,899 4,582 (3,236 ) (138,489 ) - - 26,579 79,170 13,071 27,404 -	16 7 56 - 26 10 (3 ) 14 24 - 2 10 5 - - (5 ) - - 5 100 32 77 -	Note

Note: Purchase amount includes the Corporation’s sales commitment to Dragon Steel Corporation.

108 -

TABLE 7

CHINA STEEL CORPORATION AND SUBSIDIARIES

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL DECEMBER 31, 2023

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Related Party	Relationship	Ending Balance	Turnover Rate	Overd	ue	Amount Received in Subsequent Period	Allowance for Impairment Loss	Note
					Amount	Actions Taken
China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation Betacera (Su Zhou) Co., Ltd. Suzhou Betacera Technology Co., Ltd. China Steel Express Corporation China Steel Express Corporation CSE Transport Corporation C.S.Aluminium Corporation China Prosperity Development Corporation Chung Hung Steel Corporation China Steel Chemical Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation InfoChamp Systems Corporation United Steel Engineering & Construction Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Steel Machinery Corporation China Steel and Nippon Steel Vietnam Joint Stock Company	Sing Da Marine Structure Corporation Kaohsiung Rapid Transit Corporation China Steel Resources Corporation C.S.Aluminium Corporation Chung Hung Steel Corporation China Steel Chemical Corporation Chung Hung Steel Corporation China Steel Precision Metals Kunshan Co., Ltd. China Steel Precision Metals Qingdao Co., Ltd. Dragon Steel Corporation Chung Hung Steel Corporation China Steel and Nippon Steel Vietnam Joint Stock Company China Steel Corporation Betacera Inc. Betacera Inc. China Steel Corporation Dragon Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation Changzhou China Steel New Materials Technology Co., Ltd. TAIWAN CEMENT CORPORATION China Steel Corporation Dragon Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation Dragon Steel Corporation CSC Solar Corporation China Steel Corporation NS BlueScope (Vietnam) Limited	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary The same parent company The same parent company Parent company Parent company Parent company Parent company The same parent company The ultimate parent of the company Parent company Parent company Parent company Subsidiary Director of the board Parent company The same parent company Parent company The ultimate parent of the company Parent company The same parent company The same parent company Parent company Other related parties	2,011,695 1,103,083 804,198 614,283 358,592 254,115 213,270 168,093 150,358 116,901 426,212 327,547 263,011 176,146 110,004 240,453 192,595 153,480 190,496 859,881 173,780 126,385 283,136 171,245 150,464 121,335 221,994 229,314 176,000 152,318 705,249 116,774	- - - - - 11 66 3 8 17 40 26 39 5 3 22 23 12 11 - - 2 4 30 11 - 21 23 10 3 - 8	- - - - - - - - - - - - - - - - - - - - - - 90,333 - - - - - - - - -		- 100,272 - 13,031 348,136 213,252 212,156 66,344 80,944 106,584 426,212 327,547 263,011 95,137 29,444 240,453 192,595 149,980 118,707 - 3 - 90,340 171,245 143,293 - 221,994 227,285 71,548 3,044 - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Note Note Note Note Note Note Note Note Note

Note: Other receivables.

109 -

TABLE 8

CHINA STEEL CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTEES FOR THE PERIOD ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investor Company	Investee Company	Location	Main Businesses and Products	Original Inves	tment Amount	A	s of Decembe	r 31, 2023	Net Income (Loss) of the Investee	Share of Profit (Loss)	Note
						Number of Shares	%	Carrying Amount
				December 31, 2023	December 31, 2022
China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation	Chung Hung Steel Corporation China Steel Chemical Corporation China Steel Structure Co., Ltd. CHC Resources Corporation China Ecotek Corporation Dragon Steel Corporation CSC Steel Australia Holdings Pty Ltd China Steel Express Corporation Gains Investment Corporation C.S.Aluminium Corporation China Steel and Nippon Steel Vietnam Joint Stock Company China Steel Asia Pacific Holdings Pte Ltd China Prosperity Development Corporation China Steel Power Holding Corporation China Steel Global Trading Corporation CSCI Steel Corporation India Pvt. Ltd. Kaohsiung Rapid Transit Corporation CSC Solar Corporation China Steel Resources Corporation China Steel Machinery Corporation China Steel Security Corporation InfoChamp Systems Corporation Sing Da Marine Structure Corporation HIMAG Magnetic Corporation China Steel Management Consulting Corporation China Steel Power Corporation	Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Australia Republic of China Republic of China Republic of China Vietnam Singapore Republic of China Republic of China Republic of China India Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China	Manufacture and sale of steel products Manufacture of coal chemistry and speciality chemical Manufacture and sale of products of steel structure Manufacture and sale of Ground-Granulated Blast-Furnace Slag and Blast-Furnace Slag Cement, Air-cooled Blast Furnace Slag and Basic Oxygen Furnace Slag, reutilization of resources Environmental engineering, M&E engineering, and O&M engineering Hot-rolled products, H beams, billets, flat steels General investment Shipping services for raw materials, ship chartering General investment Production and sale of aluminum and non-ferrous metal products Manufacture and sale of steel products Holding and investment Real estate development General investment Buy and sell, and act as an agency for steel products Electrical steel Mass Rapid Transit service Solar energy generation Other non-metallic mineral products manufacturing Manufacture and sale of products for iron and steel equipment, vehicle transportation equipment, power generation and other mechanical equipment On-site security, systematic security ERP systems automation control systems service Foundation of offshore wind power Production and sale of industrial magnetic, chemical, and iron oxides Business management and management consulting services Offshore Wind Power Generation	5,539,872 334,285 1,024,194 261,677 554,268 95,779,069 17,359,623 2,504,071 4,999,940 3,922,801 9,651,239 5,690,678 4,749,938 4,192,200 309,502 3,795,159 4,031,501 959,200 981,120 591,748 149,940 357,602 4,671,000 389,497 15,144 -	5,539,872 334,285 1,024,194 261,677 554,268 95,779,069 17,359,623 2,504,071 4,999,940 3,922,801 9,651,239 6,251,918 4,749,938 3,773,490 309,502 3,795,159 4,031,501 959,200 981,120 591,748 149,940 357,602 4,671,000 389,497 15,144 -	582,673,153 68,787,183 66,487,844 49,289,597 55,393,138 8,612,586,123 594,638 422,545,250 596,992,650 840,122,049 514,304,000 154,157,447 509,802,912 419,220,000 78,827,362 253,567,202 120,799,811 95,920,000 98,112,000 100,066,400 25,036,986 41,465,634 122,695,000 19,183,286 999,993 10	41 29 33 20 45 100 100 100 100 100 56 100 100 51 100 100 43 55 100 74 100 100 47 69 100 -	6,572,290 2,449,670 1,234,108 1,130,433 968,771 96,238,323 21,569,840 12,969,440 9,356,951 8,579,001 7,033,612 4,951,968 4,938,127 4,474,076 3,023,595 1,286,953 1,154,135 1,086,021 1,003,661 752,859 511,392 484,050 466,852 465,321 20,136 -	159,281 1,435,809 535,548 839,554 556,892 (5,195,369 ) 1,751,495 2,663,680 561,977 84,738 (885,618 ) 216,063 239,797 41,546 625,366 (85,822 ) (51,395 ) 116,446 11,727 391,776 72,948 176,090 (236,477 ) 43,929 4,364 41,772	7,151 412,280 97,507 164,767 99,462 (4,636,803 ) 1,751,495 2,474,971 480,171 148,649 (495,946 ) 216,778 240,406 21,188 620,935 (85,822 ) (22,286 ) 64,532 12,310 448,342 71,132 70,654 (111,384 ) 30,418 4,364 -	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary

110 -

Investor Company	Investee Company	Location	Main Businesses and Products	Original Inves	tment Amount	A	s of Decembe	r 31, 2023	Net Income (Loss) of the Investee	Share of Profit (Loss)	Note
						Number of Shares	%	Carrying Amount
				December 31, 2023	December 31, 2022
China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation China Steel Corporation Chung Hung Steel Corporation Chung Hung Steel Corporation Chung Hung Steel Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation China Steel Chemical Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation Ever Wealthy International Corporation China Ecotek Corporation	Taiwan Rolling Stock Co., Ltd. Kaohsiung Arena Development Corporation Hsin Hsin Cement Enterprise Corporation Eminent II Venture Capital Corporation Honley Auto. Parts Co., Ltd. Overseas Investment & Development Corporation TaiAn Technologies Corporation Dyna Rechi Co., Ltd. Transglory Investment Corporation Pro-Ascentek Investment Corporation Hung Kao Investment Corporation CHC Resources Corporation China Steel Structure Co., Ltd. Ever Wealthy International Corporation Transglory Investment Corporation CSC Solar Corporation Pro-Ascentek Investment Corporation HIMAG Magnetic Corporation Gau Ruei Investment Corporation Li-Ching-Long Investment Corporation Eminent Venture Capital Corporation Formosa Ha Tinh CSCC (Cayman) International Limited United Steel International Development Corporation Eminent III Venture Capital Corporation TaiAn Technologies Corporation China Steel Structure Co., Ltd. Thintech Materials Technology Co., Ltd. HIMAG Magnetic Corporation Hung-Chuan Investment Corporation Sheng Lih Dar Investment Corporation Ding Da Investment Corporation Honley Auto. Parts Co., Ltd. CEC Development Corporation	Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Cayman Island British Virgin Islands Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Samoa	Manufacture of railway vehicles Development of competitive and leisure sports Cement manufacturing, nonmetallic mining, cement and concrete mixing manufacturing General investment Manufacture of automotive components General investment Bio-Tech consultants and management Production and marketing of Brushless DC Motor (BLDCM) General investment General investment General investment Manufacture and sale of Ground-Granulated Blast-Furnace Slag and Blast-Furnace Slag Cement, Air-cooled Blast Furnace Slag and Basic Oxygen Furnace Slag, reutilization of resources Manufacture and sale of products of steel structure General investment General investment Solar energy generation General investment Production and sale of industrial magnetic, chemical, and iron oxides General investment General investment General Investment General investment Holding and investment General investment Bio-Tech consultants and management Manufacture and sale of products of steel structure Sputtering target manufacturing and sales Production and sale of industrial magnetic, chemical, and iron oxides General investment General investment General investment Manufacture of automotive components General investment	970,044 450,000 320,929 195,000 591,639 50,000 7,629 - 2,001,152 200,000 26,000 91,338 13,675 300,083 450,000 261,600 60,000 47,950 15,070 7,000 3,375 - - 160,000 2,295 29,281 45,987 33,015 9,000 8,400 10,495 70,985 478,579	970,044 450,000 320,929 300,000 591,639 50,000 7,629 400,000 2,001,152 200,000 26,000 91,338 13,675 300,083 450,000 261,600 60,000 47,950 15,070 7,000 6,750 100,320 68,839 160,000 2,295 27,196 45,987 33,015 9,000 8,400 10,495 70,985 478,579	95,527,811 45,000,000 28,658,729 19,500,000 35,751,427 5,000,000 1,666,700 - 329,802,616 20,000,000 2,600,000 15,019,341 600,069 104,574,982 74,168,502 26,160,000 6,000,000 2,161,203 1,196,000 700,000 337,500 - - 16,000,000 499,998 532,000 6,119,748 1,584,731 900,000 840,000 897,000 6,269,823 17,000,000	48 18 31 46 35 6 17 - 40 17 100 6 - 100 9 15 5 8 40 35 5 - - 9 5 - 8 6 45 35 30 6 100	719,391 575,030 398,449 130,390 104,744 65,909 22,945 - 3,237,181 224,587 32,193 365,933 16,192 1,382,280 727,694 295,368 67,376 52,705 29,682 15,804 3,285 - - 110,452 6,882 14,573 99,598 38,637 20,322 19,596 18,312 68,107 984,713	(170,802 ) 189,307 77,350 17,106 (49,026 ) 54,565 13,202 (8,726 ) 285,475 42,059 826 839,554 535,548 71,673 285,475 116,446 42,059 43,929 2,947 1,617 (7,208 ) 931 (58,958 ) (7,398 ) 13,202 535,548 39,568 43,929 1,617 3,426 4,597 (49,026 ) 27,766	(81,575 ) 34,075 26,251 7,923 (17,228 ) 3,030 2,200 (2,046 ) - - - - - - - - - - - - - - - - - - - - - - - - -	Associate Associate Associate Associate Associate Associate Associate Associate Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Associate Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Subsidiary

111 -

Investor Company	Investee Company	Location	Main Businesses and Products	Original Inves	tment Amount	A	s of Decembe	r 31, 2023	Net Income (Loss) of the Investee	Share of Profit (Loss)	Note
						Number of Shares	%	Carrying Amount
				December 31, 2023	December 31, 2022
China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation China Ecotek Corporation CEC International Corporation CEC Development Corporation China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. China Steel Structure Co., Ltd. United Steel Engineering & Construction Corporation United Steel Engineering & Construction Corporation United Steel Engineering & Construction Corporation United Steel Engineering & Construction Corporation United Steel Engineering & Construction Corporation United Steel Engineering & Construction Corporation United Steel Engineering & Construction Corporation United Steel Engineering & Construction Corporation United Steel Engineering & ConstructionCorporation	China Steel Machinery Corporation CSC Solar Corporation Pro-Ascentek Investment Corporation CEC International Corporation Chiun Yu Investment Corporation Chi-Yi Investment Corporation Jiing-Cherng-Fa Investment Corporation Hung-Chuan Investment Corporation China Ecotek India Private Limited United Steel International Development Corporation Eminent III Venture Capital Corporation China Ecotek India Private Limited China Ecotek Vietnam Company Limited CHC Resources Corporation United Steel Engineering & Construction Corporation Sing Da Marine Structure Corporation Pro-Ascentek Investment Corporation Chiun Yu Investment Corporation HIMAG Magnetic Corporation Chi-Yi Investment Corporation Li-Ching-Long Investment Corporation Wabo Global Trading Corporation China Steel Structure Holding Co., Ltd. Nikken & CSSC Metal Products Co., Ltd. Transglory Investment Corporation China Prosperity Construction Corporation Shin Mau Investment Corporation Pro-Ascentek Investment Corporation Kaohsiung Rapid Transit Corporation United Steel Construction (Vietnam) Co., Ltd. United Steel Investment Pte Ltd Kaohsiung Arena Development Corporation Overseas Investment & Development Corporation	Republic of China Republic of China Republic of China Samoa Republic of China Republic of China Republic of China Republic of China India British Virgin Islands Republic of China India Vietnam Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Samoa Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Vietnam Singapore Republic of China Republic of China	Manufacture and sale of products for iron and steel equipment, vehicle transportation equipment, power generation and other mechanical equipment Solar energy generation General investment General investment General investment General investment General investment General investment Construction engineering Holding and investment General investment Construction engineering Construction engineering Manufacture and sale of Ground-Granulated Blast-Furnace Slag and Blast-Furnace Slag Cement, Air-cooled Blast Furnace Slag and Basic Oxygen Furnace Slag, reutilization of resources Contracting for civil engineering and management Foundation of offshore wind power General investment General investment Production and sale of industrial magnetic, chemical, and iron oxides General investment General investment Buy and sell, and act as an agency for steel products Holding and investment Building materials wholesale industry, pollution prevention equipment wholesale industry, etc. General investment Real estate development General investment General investment Mass Rapid Transit service Construction and management of buildings, roads and railways, and other civil engineering projects Holding and investment Development of competitive and leisure sports General investment	329,174 348,800 60,000 30,642 14,233 8,000 8,050 6,000 27 - 100,000 27,070 302,065 132,715 410,000 250,000 40,000 12,453 17,080 6,000 6,000 1,500 - 6,750 287,500 53,550 13,754 20,000 15,433 - - 100,000 44,100	329,174 348,800 60,000 30,642 14,233 8,000 8,050 6,000 27 8,262 100,000 27,070 302,065 132,715 410,000 250,000 40,000 12,453 17,080 6,000 6,000 1,500 - 6,750 - 53,550 13,754 20,000 15,433 33,129 126,806 100,000 44,100	35,204,170 34,880,000 6,000,000 10,000,000 1,196,000 800,000 805,000 600,000 5,000 - 10,000,000 4,995,000 - 23,182,738 80,000,000 20,000,000 4,000,000 1,046,500 769,829 600,000 600,000 714,000 10 675,000 26,872,272 5,355,000 1,196,000 2,000,000 1,543,276 - - 10,000,000 4,410,000	26 20 5 100 40 40 35 30 - - 6 100 100 9 100 8 3 35 3 30 30 6 100 45 3 40 40 2 1 - - 4 5	558,730 293,642 67,376 34,812 26,596 18,183 17,358 13,548 35 - 69,033 34,568 796,836 565,257 1,414,787 76,193 44,873 23,272 18,780 13,637 13,547 7,741 471 5,067 264,096 56,495 26,541 22,504 14,638 - - 127,784 58,085	391,776 116,446 42,059 237 (1,449 ) 1,628 2,904 1,617 849 (58,958 ) (7,398 ) 849 27,296 839,554 68,537 (236,477 ) 42,059 (1,449 ) 43,929 1,628 1,617 14,515 19,091 117 285,475 (5,609 ) 4,497 42,059 (51,395 ) (25,466 ) (1,906 ) 189,307 54,565	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Associate

112 -

Investor Company	Investee Company	Location	Main Businesses and Products	Original Inves	tment Amount	A	s of Decembe	r 31, 2023	Net Income (Loss) of the Investee	Share of Profit (Loss)	Note
						Number of Shares	%	Carrying Amount
				December 31, 2023	December 31, 2022
CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation CHC Resources Corporation China Steel Security Corporation China Steel Security Corporation China Steel Security Corporation China Steel Security Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Prosperity Development Corporation China Prosperity Development Corporation HIMAG Magnetic Corporation China Steel Power Holding Corporation CSC Solar Corporation CSC Solar Corporation InfoChamp Systems Corporation InfoChamp Systems Corporation InfoChamp Systems Corporation InfoChamp Systems Corporation Kaohsiung Rapid Transit Corporation	CHC Resources Vietnam Co., Ltd Yu Cheng Lime Corporation Union Steel Development Corporation Pao Good Industrial Co., Ltd. Pro-Ascentek Investment Corporation Gau Ruei Investment Corporation Ding Da Investment Corporation Sheng Lih Dar Investment Corporation Shin Mau Investment Corporation Jiing-Cherng-Fa Investment Corporation HIMAG Magnetic Corporation United Steel International Development Corporation Hsin Hsin Cement Enterprise Corporation Eminent III Venture Capital Corporation Steel Castle Technology Corporation Kaohsiung Rapid Transit Corporation China Steel Management And Maintenance For Buildings Corporation Eminent III Venture Capital Corporation Chateau International Development Co., Ltd. CK Japan Co., Ltd. Kaohsiung Rapid Transit Corporation China Prosperity Construction Corporation Pro-Ascentek Investment Corporation Kaohsiung Arena Development Corporation MagnPower Corporation China Steel Power Corporation China Ecotek Corporation Pro-Ascentek Investment Corporation Universal Exchange Inc. Kaohsiung Rapid Transit Corporation Info-Champ System (B.V.I) Corporation Majestic Solid Light Corporation Taiwan Intelligent Transportation Co., Ltd.	Vietnam Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China British Virgin Islands Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Japan Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China British Virgin Islands Republic of China Republic of China	Manufacture and sale of Ground-Granulated Blast-Furnace Slag, Sales of Granulated Blast-Furnace Slag Real estate lease, management of raw materials Manufacture and sale of iron powder, OEM and sales of refractory, trading, human dispatch Sales of fly ash, manufacture and sales of dry-mix mortar, trading General investment General investment General investment General investment General investment General investment Production and sale of industrial magnetic, chemical, and iron oxides Holding and investment Cement manufacturing, nonmetallic mining, cement and concrete mixing manufacturing General investment Firefighting engineering and mechatronic engineering Mass Rapid Transit service Management and maintenance for buildings General investment Development of leisure business Real estate lease Mass Rapid Transit service Real estate development General investment Development of competitive and leisure sports Powder metallurgy Offshore Wind Power Generation Environmental engineering, M&E engineering, and O&M engineering General investment Wholesale of computer software, software design services, digital information supply services Mass Rapid Transit service Holding and investment Manufacture and sale of UV LED Technical service	647,338 126,010 53,345 50,937 30,000 12,306 12,516 9,600 10,316 9,200 10,970 - 73,269 30,000 31,257 17,000 10,000 10,000 130,377 151,526 130,000 92,105 50,000 175,000 218,000 8,214,000 22,974 30,000 60,784 40,265 6,816 4,500 26,000	647,338 126,010 53,345 50,937 30,000 12,306 12,516 9,600 10,316 9,200 10,970 8,254 73,269 30,000 31,257 17,000 10,000 10,000 131,921 151,526 130,000 92,105 50,000 175,000 218,000 7,393,000 22,974 30,000 60,784 40,265 6,816 4,500 26,000	- 108,000 4,668,333 5,408,550 3,000,000 1,046,500 1,196,000 960,000 897,000 920,000 494,440 - 9,298,583 3,000,000 13,000,000 1,700,000 1,000,000 1,000,000 23,562,120 3,840 13,000,000 8,032,500 5,000,000 17,500,000 21,800,000 821,399,990 725,000 3,000,000 5,825,030 5,200,319 201,000 450,000 2,600,000	85 90 93 51 3 35 40 40 30 40 2 - 10 2 100 1 100 1 20 80 5 60 4 7 55 100 1 3 35 2 100 45 100	657,085 139,361 110,397 92,900 33,688 25,972 24,416 22,396 19,906 19,838 12,049 - 120,204 20,710 204,078 16,235 14,664 6,903 392,929 170,794 124,295 84,742 56,155 223,623 47,762 8,817,710 26,666 33,688 77,905 49,770 36,910 - 29,446	31,203 646 42,570 22,322 42,059 2,947 4,597 3,426 4,497 2,904 43,929 (58,958 ) 77,350 (7,398 ) 14,088 (51,395 ) 1,495 (7,398 ) 80,687 11,667 (51,395 ) (5,609 ) 42,059 189,307 (77,796 ) 41,772 556,892 42,059 38,634 (51,395 ) 3,521 29 520	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Associate Subsidiary Subsidiary Subsidiary Associate Associate Subsidiary Subsidiary Subsidiary Subsidiary Associate Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Subsidiary

113 -

Investor Company	Investee Company	Location	Main Businesses and Products	Original Inves	tment Amount	A	s of Decembe	r 31, 2023	Net Income (Loss) of the Investee	Share of Profit (Loss)	Note
						Number of Shares	%	Carrying Amount
				December 31, 2023	December 31, 2022
China Steel Machinery Corporation China Steel Machinery Corporation China Steel Machinery Corporation Dragon Steel Corporation Dragon Steel Corporation Dragon Steel Corporation C.S.Aluminium Corporation C.S.Aluminium Corporation ALU Investment Offshore Corporation China Steel Express Corporation China Steel Express Corporation China Steel Express Corporation Transglory Investment Corporation Transglory Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Gains Investment Corporation Thintech Materials Technology Co., Ltd. Thintech Materials Technology Co., Ltd. Betacera Inc. Betacera Inc. Universal Exchange Inc. Pro-Ascentek Investment Corporation Eminence Investment Corporation Eminence Investment Corporation	Sing Da Marine Structure Corporation China Steel Machinery Vietnam Co., Ltd. Overseas Investment & Development Corporation China Steel Structure Co., Ltd. CSC Solar Corporation Pro-Ascentek Investment Corporation Pro-Ascentek Investment Corporation ALU Investment Offshore Corporation United Steel International Development Corporation CSE Transport Corporation Transglory Investment Corporation Kaoport Stevedoring Corporation China Steel Structure Co., Ltd. Winning Investment Corporation Thintech Materials Technology Co., Ltd. Eminence Investment Corporation Winning Investment Corporation Betacera Inc. OmniGains Investment Corporation Universal Exchange Inc. Pro-Ascentek Investment Corporation Eminent Venture Capital Corporation Mentor Consulting Corporation United Steel International Development Corporation Fukuta Electric & Machinery Co., Ltd. Eminent III Venture Capital Corporation Honley Auto. Parts Co., Ltd. Thintech Global Limited Pro-Ascentek Investment Corporation Lefkara Ltd. Eminent III Venture Capital Corporation Pro-Ascentek Investment Corporation Betacera Inc. Shin Mau Investment Corporation Gau Ruei Investment Corporation	Republic of China Vietnam Republic of China Republic of China Republic of China Republic of China Republic of China British Virgin Islands British Virgin Islands Panama Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Samoa Republic of China Republic of China Republic of China Republic of China British Virgin Islands Republic of China Republic of China Republic of China Samoa Republic of China British Virgin Islands Republic of China Republic of China Republic of China Republic of China Republic of China	Foundation of offshore wind power Machines manufacturing General investment Manufacture and sale of products of steel structure Solar energy generation General investment General investment Holding and investment Holding and investment Shipping services for raw materials General investment Ship cargo loading and unloading industry Manufacture and sale of products of steel structure General investment Sputtering target manufacturing and sales General investment General investment Manufacturing and trading of electronic ceramics Holding and investment Wholesale of computer software, software design services, digital information supply services General investment General Investment Management consulting services Holding and investment Motor manufacturing and selling General investment Manufacture of automotive components Holding and investment General investment Holding and Investment General investment General investment Manufacturing and trading of electronic ceramics General investment General investment	250,000 - 95,900 138,375 174,400 100,000 30,000 - - 316 2,440,000 35,013 210,064 593,043 212,912 1,600,000 989,664 150,165 749,480 170,432 60,000 33,750 25,909 - 686,895 400,000 104,246 205,435 30,000 418,294 50,000 20,000 77,278 9,513 8,805	250,000 9,213 95,900 130,826 174,400 100,000 30,000 1,063,593 1,063,593 316 2,440,000 35,013 94,786 321,331 212,912 1,600,000 989,664 150,165 - 170,432 60,000 67,500 25,909 58,784 591,731 400,000 104,246 205,435 30,000 418,362 50,000 20,000 77,278 9,513 8,805	20,000,000 - 9,590,000 4,217,000 17,440,000 10,000,000 3,000,000 - - 10 402,158,110 3,275,000 3,655,000 36,800,000 23,423,016 150,000,000 112,700,000 20,555,253 23,168,349 10,533,713 6,000,000 3,375,000 1,000,000 - 9,348,519 40,000,000 8,642,160 6,800,000 3,000,000 13,623,000 5,000,000 2,000,000 1,608,491 896,999 747,499	8 - 11 2 10 8 3 - - 100 48 66 2 16 32 100 49 48 100 64 5 50 100 - 18 22 8 100 3 100 3 2 4 30 25	76,193 - 126,116 113,805 196,912 112,294 33,688 - - 4,493,147 3,947,535 55,478 98,119 511,527 381,055 2,181,389 1,566,551 1,062,009 573,046 140,876 67,376 32,846 32,673 - 791,708 284,158 90,579 52,224 33,688 1,590,262 35,520 22,459 96,245 19,906 18,551	(236,477 ) (155 ) 54,565 535,548 116,446 42,059 42,059 (38,066 ) (58,958 ) 553,480 285,475 20,753 535,548 136,338 39,568 121,872 136,338 371,754 7,323 38,634 42,059 (7,208 ) 10,999 (58,958 ) (123,460 ) (7,398 ) (49,026 ) (6,890 ) 42,059 99,462 (7,398 ) 42,059 371,754 4,497 2,947	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Subsidiary Subsidiary Associate Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Associate Associate Subsidiary Subsidiary Subsidiary Associate Subsidiary Subsidiary Subsidiary Subsidiary

114 -

Investor Company	Investee Company	Location	Main Businesses and Products	Original Inves	tment Amount	A	s of Decembe	r 31, 2023	Net Income (Loss) of the Investee	Share of Profit (Loss)	Note
						Number of Shares	%	Carrying Amount
				December 31, 2023	December 31, 2022
Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Eminence Investment Corporation Shin Mau Investment Corporation Shin Mau Investment Corporation Shin Mau Investment Corporation Shin Mau Investment Corporation Ding Da Investment Corporation Ding Da Investment Corporation Ding Da Investment Corporation Ding Da Investment Corporation Jiing-Cherng-Fa Investment Corporation Gau Ruei Investment Corporation Gau Ruei Investment Corporation Gau Ruei Investment Corporation Sheng Lih Dar Investment Corporation Chiun Yu Investment Corporation Chiun Yu Investment Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation China Steel Global Trading Corporation Wabo Global Trading Corporation Wabo Global Trading Corporation	Ding Da Investment Corporation Chiun Yu Investment Corporation Li-Ching-Long Investment Corporation Sheng Lih Dar Investment Corporation Chi-Yi Investment Corporation Jiing-Cherng-Fa Investment Corporation Hung-Chuan Investment Corporation Fukuta Electric & Machinery Co., Ltd. CHC Resources Corporation China Steel Structure Co., Ltd. Hung-Chuan Investment Corporation Chi-Yi Investment Corporation China Steel Chemical Corporation Jiing-Cherng-Fa Investment Corporation Betacera Inc. Universal Exchange Inc. China Ecotek Corporation China Steel Chemical Corporation Sheng Lih Dar Investment Corporation Li-Ching-Long Investment Corporation CHC Resources Corporation China Ecotek Corporation China Steel Structure Co., Ltd. CSGT International Corporation CSGT (Singapore) Pte. Ltd. Chung Mao Trading (Samoa) Corporation Wabo Global Trading Corporation CSGT Trading India Private Limited United Steel International Development Corporation CK Japan Co., Ltd. CSGT Japan Co., Ltd.	Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Republic of China Samoa Singapore Samoa Republic of China India British Virgin Islands Japan Japan	General investment General investment General investment General investment General investment General investment General investment Motor manufacturing and selling Manufacture and sale of Ground-Granulated Blast-Furnace Slag and Blast-Furnace Slag Cement, Air-cooled Blast Furnace Slag and Basic Oxygen Furnace Slag, reutilization of resources Manufacture and sale of products of steel structure General investment General investment Manufacture of coal chemistry and speciality chemical General investment Manufacturing and trading of electronic ceramics Wholesale of computer software, software design services, digital information supply services Environmental engineering, M&E engineering, and O&M engineering Manufacture of coal chemistry and speciality chemical General investment General investment Manufacture and sale of Ground-Granulated Blast-Furnace Slag and Blast-Furnace Slag Cement, Air-cooled Blast Furnace Slag and Basic Oxygen Furnace Slag, reutilization of resources Environmental engineering, M&E engineering, and O&M engineering Manufacture and sale of products of steel structure Holding and investment Buy and sell, and act as an agency for steel products Holding and investment Buy and sell, and act as an agency for steel products Buy and sell, and act as an agency for steel products Holding and investment Real estate lease Buy and sell, and act as an agency for steel products	8,970 7,475 6,262 5,317 5,222 4,762 4,173 22,917 5,454 5,619 1,000 990 17,404 990 25 17 7,874 17,584 1,000 1,000 5,678 5,764 3,559 631,983 22,600 127,847 11,000 240 - 37,488 10,160	8,970 7,475 6,262 5,317 5,222 4,762 4,173 23,513 5,454 5,619 1,000 990 17,404 990 25 17 7,874 17,584 1,000 1,000 5,678 5,764 3,559 631,983 22,600 127,847 11,000 240 69,232 37,488 10,160	897,000 747,500 600,000 500,000 501,000 476,000 400,000 179,425 512,685 341,896 100,000 99,000 474,220 99,000 1,000 1,600 302,052 474,220 100,000 100,000 512,535 275,469 275,896 20,740,000 6,100,000 8,800,000 5,236,000 48,000 - 960 800	30 25 30 21 25 21 20 - - - 5 5 - 4 - - - - 4 5 - - - 100 100 100 44 1 - 20 100	18,312 16,623 13,547 11,663 11,387 10,266 9,032 24,107 12,795 9,127 2,258 2,250 16,363 2,133 53 21 8,796 16,363 2,335 2,258 12,795 8,063 7,517 1,053,631 931,942 462,361 56,767 257 - 42,509 26,142	4,597 (1,449 ) 1,617 3,426 1,628 2,904 1,617 (123,460 ) 839,554 535,548 1,617 1,628 1,435,809 2,904 371,754 38,634 556,892 1,435,809 3,426 1,617 839,554 556,892 535,548 101,628 260,113 31,539 14,515 2,587 (58,958 ) 11,667 339	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary

115 -

Investor Company	Investee Company	Location	Main Businesses and Products	Original Inves	tment Amount	A	s of Decembe	r 31, 2023	Net Income (Loss) of the Investee	Share of Profit (Loss)	Note
						Number of Shares	%	Carrying Amount
				December 31, 2023	December 31, 2022
CSGT International Corporation CSGT International Corporation CSGT International Corporation CSGT International Corporation CSGT (Singapore) Pte. Ltd. CSC Steel Australia Holdings Pty Ltd CSC Steel Australia Holdings Pty Ltd China Steel Asia Pacific Holdings Pte Ltd CSC Steel Holdings Berhad CSC Steel Holdings Berhad CSC Steel Sdn. Bhd.	CSGT Metals Vietnam Joint Stock Company CSGT Trading India Private Limited TSK Steel Company Limited Mahindra Auto Steel Private Limited CSCD SA CSC Sonoma Pty Ltd 9404-5515 Quebec Inc. CSC Steel Holdings Berhad CSC Steel Sdn. Bhd. Group Steel Corporation (M) Sdn. Bhd. Constant Mode Sdn. Bhd.	Vietnam India Thailand India Switzerland Australia Canada Malaysia Malaysia Malaysia Malaysia	Cutting and processing of steel products Buy and sell, and act as an agency for steel products Steel coil processing and distributing Cutting and processing of steel products International trade and investment Investments in mining industry Investments in mining industry General investment Manufacture and sale of steel products General investment General investment	265,755 23,877 88,679 - 118,828 344,911 5,539,219 1,112,640 2,800,280 - 4,808	265,799 23,881 88,694 84,699 116,736 342,445 5,499,616 1,112,821 2,926,076 497,957 5,024	13,279,770 4,752,000 408,000 - 1,876,795 16,440,001 270,122,727 171,000,000 359,000,000 - 750,000	60 99 34 - 49 100 25 46 100 - 100	454,506 25,446 192,566 - 875,298 192,391 8,120,954 2,672,593 5,638,950 - 6,750	195,697 2,588 (27,737 ) 19,499 468,520 6,031 1,288,959 324,137 323,963 - 216	- - - - - - - - - - -	Subsidiary Subsidiary Associate Associate Associate Subsidiary Associate Subsidiary Subsidiary Subsidiary Subsidiary

116 -

TABLE 9

CHINA STEEL CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTMENTS IN MAINLAND CHINA FOR THE PERIOD ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investee Company	Main Businesse	s and Products	Paid-in Capital (Note 1)	Method Investm (Note	of ent 2)	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2023 (Note 1)	Remittanc	e of Funds	Accumulated Outward Remittance for Investment from Taiwan as of December 31, 2023 (Note 1)	Net Income (Loss) of the Investee	% Ownership of Direct or Indirect Investment	Investment Gain (Loss)	Carrying Amount as of December 31, 2023	Accumulated Repatriation of Investment Income as of December 31, 2023	Note
							Outward	Inward
Betacera (Su Zhou) Co., Ltd. CSGT (Shanghai) Co., Ltd. Changzhou China Steel Precision Materials Co., Ltd. China Steel Precision Metals Qingdao Co., Ltd. Changzhou China Steel New Materials Technology Co., Ltd. CSGT (Shenzhen) Co., Ltd. HC&C Auto Parts Co., Ltd. Ningbo Huayang Aluminium-Tech Co., Ltd. Suzhou Betacera Technology Co., Ltd. Shanghai Xike Ceramic Electronic Co., Ltd. Taicang Thintech Materials Co., Ltd. China Steel Precision Metals Kunshan Co., Ltd. Wuhan InfoChamp I.T. Co., Ltd. Xiamen Ecotek PRC Company Limited	Manufacturing and electronic ceram Buy and sell, and a for steel produc Production and sal titanium alloys, alloys Cutting and proces products Mesophase sales a Buy and sell, and a for steel produc Manufacture of au components Production of alum Manufacturing and aeronautical or products Manufacturing and electronic ceram Sputtering target m sales Cutting and proces products Enterprise informa integration serv Equipment materia export	trading of ics ct as an agency ts e of titanium and nickel and nickel sing of steel nd trading ct as an agency ts tomotive inum products trading of marine life saving trading of ics anufacturing and sing of steel tion system ices ls import and	135,102 18,423 1,562,270 614,100 172,864 24,564 1,228,200 - 460,575 36,846 208,794 460,575 6,141 184,230	2 2 2 1 1 1 2 2 2 2 2 1 2 2		135,102 18,423 937,117 429,870 199,767 15,967 122,820 1,190,433 460,575 36,662 208,794 493,122 6,141 184,230	- - 711,384 - - - - - - - - - - -	- - 468,558 - - - - 1,190,433 - - - - - -	135,102 18,423 1,179,943 429,870 199,767 15,967 122,820 - 460,575 36,662 208,794 493,122 6,141 184,230	66,059 1,151 69,151 16,752 13,693 (892) 20,191 48,224 25,359 3,689 (6,890) (4,848) 3,904 417	100 100 70 70 100 65 10 - 100 100 100 100 100 100	66,059 1,151 47,136 11,726 13,693 (580) 2,019 48,354 25,359 3,670 (6,890) (4,848) 3,904 417	650,387 29,726 1,146,000 387,965 190,359 15,415 118,638 - 635,673 147,746 52,224 444,479 35,313 181,681	- 65,205 - 24,649 - 7,875 - 93,743 - - - 1,102 55,453 -	Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1) Note 3 (1)
										of ment 4)
Investee Company		Accumulate Investment Decem	d Outward Remittance for in Mainland China as of ber 31, 2023 (Note 1)		Inve Inv	stment Amount Authorized by estment Commission, MOEA (Note 1)		Upper Limit on the Amount Investment Stipulated by Invest Commission, MOEA (Note		of ment 4)
China Steel Corporation China Steel Chemical Corporation China Ecotek Corporation C.S.Aluminium Corporation Gains Investment Corporation Thintech Materials Technology Co., Ltd. Betacera Inc. China Steel Global Trading Corporation Infochamp Systems Corporation CHCResources Corporation			591,379 199,767 184,230 - 711,384 208,794 632,339 957,382 6,141 -			1,216,409 199,767 184,230 - 711,384 208,794 632,339 957,382 6,141 -		183,459,894 4,928,682 2,196,689 5,117,986 5,516,672 717,393 1,326,130 - 546,678 3,635,092

117 -

Note 1: The amounts were calculated based on the foreign exchange rate as of December 31, 2023.

Note 2: Methods of investment are classified as below:
1) Direct investment.
2) Investments through a holding company registered in a third region.

Note 3: The basis for recognition of investment income (loss) is based on the following:

1) From the financial statements reviewed and attested by R.O.C. parent company’s CPA.
2) From the investee company, which had not been audited and attested by independent accountants.
Note 4: As the subsidiary CSGT has obtained the certificate of qualified for operating headquarters, which is due on April 28, 2024, issued by the Industrial Development Bureau, MOEA, the limit on investment in Mainland China pursuant to “Principle of investment or Technical Cooperation in Mainland China” is not applicable, while other companies, investments shall not exceed 60% of their net worth.
118 -

TABLE 10

CHINA STEEL CORPORATION AND SUBSIDIARIES

INFORMATION OF MAJOR SHAREHOLDERS DECEMBER 31, 2023

Name of The Shareholder	Shares	Shares
	Number of Shares Owned	Percentage of Ownership
The Ministry of Economic Affairs, R.O.C.	3,154,709,357	20%

Note 1: Major shareholders in the Table above are shareholders owning 5% or more of the Corporation’s common and preferred stocks (only ones that have completed dematerialized registration and delivery) based on calculations performed by the Taiwan Depository & Clearing Corporation using data as of the last business date at the end of each quarter. The amount of capital in the consolidated financial statements may differ from the Corporation’s actual number of stocks that have completed dematerialized registration and delivery due to different calculation bases.

Note 2: Where the stocks are entrusted by shareholders, information is disclosed by the individual account of settlor who has segregated trust accounts opened by trustees. As for shareholders filing shareholdings of insiders with 10% or more of the Corporation’s stocks pursuant to the securities and exchange laws and regulations, the number of stocks owned shall be ones owned by the persons plus ones entrusted where the shareholders have the power to decide how to utilize the trust property. Please access the Market Observation Post System website for information on insiders’ shareholding filings.
119 -

THE CONTENTS OF STATEMENTS OF MAJOR ACCOUNTING ITEMS

ITEM STATEMENT INDEX

MAJOR ACCOUNTING ITEMS IN ASSETS, LIABILITIES AND
EQUITY
STATEMENT OF CASH AND CASH EQUIVALENTS	1
STATEMENT OF FINANCIAL ASSETS FOR HEDGING –	Notes 9 & 28
CURRENT
STATEMENT OF NOTES RECEIVABLE	2
STATEMENT OF ACCOUNTS RECEIVABLE	3
STATEMENT OF OTHER RECEIVABLES	4
STATEMENT OF INVENTORIES	5
STATEMENT OF OTHER FINANCIAL ASSETS	6
STATEMENT OF OTHER CURRENT ASSETS	7
STATEMENT OF CHANGES IN FINANCIAL ASSETS AT	8
FAIR VALUE THROUGH OTHER COMPREHENSIVE
INCOME – NONCURRENT
STATEMENT OF CHANGES IN FINANCIAL ASSETS AT	9
FAIR VALUE THROUGH PROFIT OR LOSS –
NONCURRENT
STATEMENT OF FINANCIAL ASSETS FOR HEDGING –	Notes 9 & 28
NONCURRENT
STATEMENT OF CHANGES IN INVESTMENTS	10
ACCOUNTED FOR USING THE EQUITY METHOD
STATEMENT OF CHANGES IN PROPERTY, PLANT AND	Note 14
EQUIPMENT
STATEMENT OF CHANGES IN ACCUMULATED	Note 14
DEPRECIATION AND IMPAIRMENT OF PROPERTY,
PLANT AND EQUIPMENT
STATEMENT OF CHANGES IN RIGHT-OF-USE ASSETS	11
STATEMENT OF CHANGES IN ACCUMULATED	11
DEPRECIATION OF RIGHT-OF-USE ASSETS
STATEMENT OF CHANGES IN INVESTMENT PROPERTIES	Note 16
STATEMENT OF CHANGES IN ACCUMULATED	Note 16
DPRECIATION OF INVESTMENT PROPERTIES
STATEMENT OF DEFERRED TAX ASSETS	Note 25
STATEMENT OF SHORT-TERM BORROWINGS AND BANK	12
OVERDRAFT
STATEMENT OF FINANCIAL LIABILITIES FOR HEDGING –	Notes 9 & 28
CURRENT
STATEMENT OF SHORT-TERM BILLS PAYABLE	13
STATEMENT OF ACCOUNTS PAYABLE	14
STATEMENT OF OTHER PAYABLES	Note 19
STATEMENT OF PROVISIONS- CURRENT	Note 20
STATEMENT OF OTHER CURRENT LIABILITIES	15
STATEMENT OF FINANCIAL LIABILITIES FOR HEDGING –	Notes 9 & 28
NONCURRENT
STATEMENT OF BONDS PAYABLE	16
STATEMENT OF LONG-TERM BANK BORROWINGS	17
STATEMENT OF LEASE LIABILITIES	18
STATEMENT OF LONG-TERM BILLS PAYABLE	19
STATEMENT OF DEFERRED TAX LIABILITIES	Note 25
MAJOR ACCOUNTING ITEMS IN PROFIT OR LOSS
STATEMENT OF OPERATING REVENUE	20
STATEMENT OF OPERATING COSTS	21
STATEMENT OF OPERATING EXPENSES	22
STATEMENT OF OTHER GAINS AND LOSSES	Note 24 I
STATEMENT OF FINANCE COSTS	Note 24 (d)
STATEMENT OF EMPLOYEE BENEFITS, DEPRECIATION	23

STATEMENT OF BONDS PAYABLE STATEMENT OF LONG-TERM BANK BORROWINGS STATEMENT OF LEASE LIABILITIES STATEMENT OF LONG-TERM BILLS PAYABLE STATEMENT OF DEFERRED TAX LIABILITIES MAJOR ACCOUNTING ITEMS IN PROFIT OR LOSS STATEMENT OF OPERATING REVENUE STATEMENT OF OPERATING COSTS STATEMENT OF OPERATING EXPENSES STATEMENT OF OTHER GAINS AND LOSSES STATEMENT OF FINANCE COSTS STATEMENT OF EMPLOYEE BENEFITS, DEPRECIATION AND AMORTIZATION

120 -

STATEMENT 1

CHINA STEEL CORPORATION

STATEMENT OF CASH AND CASH EQUIVALENTS DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Item Maturity Date Interest Rates (%) Cash on hand – including JPY9,000 thousand (Note) Checking accounts and demand deposits Foreign currency deposits – including US$38,923 thousand, JPY960,885 thousand, CNY10,143 thousand, EUR36 thousand and AUD426 thousand (Note)	Amount $ 18,275 285,795 1,457,886
	$ 1,761,956

Note: US$1=NT$30.7050, JPY1=NT$0.2172, CNY1=NT$4.3270, EUR1=NT$33.9800, AUD$1=NT$20.9800.

121 -

STATEMENT 2

CHINA STEEL CORPORATION

STATEMENT OF NOTES RECEIVABLE DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Customer Name	Amount (Note 2)
Non-Related Parties
Hota Industrial Mfg. Co., Ltd	$ 450,872
Others (Note 1)	55,088
	$ 505,960

Note 1: The amount of individual customer included in others does not exceed 5% of the account balance.
Note 2: There are no notes receivable that are past due but not collected.
122 -

STATEMENT 3

CHINA STEEL CORPORATION

STATEMENT OF ACCOUNTS RECEIVABLE DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Customer Name	Amount (Note 2)	Amount (Note 2)
Related Parties
China Steel Chemical Corporation	$	254,115
Chung Hung Steel Corporation		213,270
China Steel Precision Metals Kunshan Co., Ltd.		168,093
China Steel Precision Metals Qingdao Co., Ltd.		150,358
Dragon Steel Corporation		116,901
Others (Note 1)		177,961
	$	1,080,698
Non-Related Parties
Sahaviriya Steel Industries PLC	$	468,050
Mitsumune Corporation		149,586
Duferco SA		146,461
Others (Note 1)		975,160
	$	1,739,257

Note 1: The amount of individual customer included in others does not exceed 5% of the account balance.
Note 2: There are no accounts receivable that are past due over 1 year.
123 -

STATEMENT 4

CHINA STEEL CORPORATION

STATEMENT OF OTHER RECEIVABLES DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Item Consignment receivable VAT refund receivable Others	Amount $ 861,807 773,976 110,941
	$ 1,746,724

124 -

STATEMENT 5

CHINA STEEL CORPORATION

STATEMENT OF INVENTORIES DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Item Finished goods Work in progress Raw materials Supplies Inventory in transit Others		Amount
		Net Realizable Cost Value (Note) $ 13,532,749 $ 13,901,432 21,329,702 22,887,883 12,350,577 12,552,636 4,965,992 4,965,992 9,809,990 10,020,741 96,664 96,664 $ 62,085,674 $ 64,425,348

Note: Allowance for loss on decline in value of inventory of supplies is recognized according to the extent of idleness and valuation at net realizable value. Refer to Note 4 for details.

125 -

STATEMENT 6

CHINA STEEL CORPORATION

STATEMENT OF OTHER FINANCIAL ASSETS DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Bank Name
Interest
Rates (%)
Period
Pledged time deposits
Taiwan Business Bank
0.70
2023.01.19-2024.12.05

Mega Bank
0.55
2023.03.15-2024.03.15
Bank of Taiwan
0.59
2023.07.26-2024.06.26
First Bank
0.74
2023.02.11-2024.12.03
Chang Hwa Bank
0.68
2023.07.13-2024.11.16
Cathay United Bank
0.56
2023.04.26-2024.11.05

Time deposits with original
maturities more than 3
months
Mega Bank
0.56
2023.12.14-2024.12.14

Deposits for projects
Cathay United Bank
Mega Bank

Amount
Note
$ 2,250,000
Note 1
1,000,000
Note 1
1,000,000
Note 1
500,000
Note 1
500,000
Note 1

600,000
Note 1

5,850,000

100,000
15,000
Note 2

41,067
Note 2

56,067
$ 6,006,067

Note 1: Time deposits pledged as collateral for bank overdraft.

Note 2: Deposits for offshore funds.

126 -

STATEMENT 7

CHINA STEEL CORPORATION

STATEMENT OF OTHER CURRENT ASSETS DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Item Net input VAT Advance operation cooperation fee Prepaid insurance Others	Amount $ 381,148 302,736 123,127 187,633
	$ 994,644

127 -

STATEMENT 8

CHINA STEEL CORPORATION

STATEMENT OF CHANGES IN FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME – NONCURRENT FOR THE YEAR ENDED DECEMBER 31, 2023

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Name Domestic listed shares Taiwan High Speed Rail Corporation Tang Eng Iron Works Co., Ltd. Rechi Precision Co., Ltd. CSBC Corporation, Taiwan O-Bank Co., Ltd. Domestic unlisted shares CDIB & Partners Investment Holding Corporation CDIB BioScience Ventures I, Inc. Phalanx Biotech Group, Inc. Taiwan International Windpower Training Corporation Foreign listed shares Maruichi Steel Tube Ltd. Yodogawa Steel Works, Ltd. CSN Mineracao S.A. Foreign unlisted shares Sakura Ferroalloys Sdn. Bhd. Sakura Ferroalloys Sdn. Bhd. (Preferred Shares) DB Metal Co., Ltd. Formosa Ha Tinh (Cayman) Limited	Balance, January 1, 2023 Shares/Units Fair Value 242,148,000 $ 6,961,755 29,860,691 948,077 23,002,022 370,333 7,751,346 151,151 103,847,695 871,282 54,000,000 694,780 1,063,534 5,651 332,881 2,556 1,500,000 15,357 2,000,000 1,256,354 400,000 236,118 22,366,860 531,444 207,290,000 1,987,832 56,443,634 541,273 1,500,000 - 1,111,418,177 24,916,106 $ 39,490,069	Additio	ns Amount $ 472,189 46,284 120,760 6,201 165,118 127,699 - - 684 337,460 95,329 576,804 - - - 1,702,248 $ 3,650,776	Decrea	se Amount $ - - - - - - (2,356 ) (596 ) - - - - (500,620 ) (136,315 ) - - $ (639,887)	Balance, Decemb	er 31, 2023 Fair Value (Note) Collateral $ 7,433,944 None 994,361 None 491,093 None 157,352 None 1,036,400 None 822,479 None 3,295 None 1,960 None 16,041 None 1,593,814 None 331,447 None 1,108,248 None 1,487,212 None 404,958 None - None 26,618,354 None $ 42,500,958
						Shares/Units 242,148,000 29,860,691 23,002,022 7,751,346 103,847,695 54,000,000 1,063,534 332,881 1,500,000 2,000,000 400,000 22,366,860 207,290,000 56,443,634 1,500,000 1,111,418,177
	Shares/Units 242,148,000 29,860,691 23,002,022 7,751,346 103,847,695 54,000,000 1,063,534 332,881 1,500,000 2,000,000 400,000 22,366,860 207,290,000 56,443,634 1,500,000 1,111,418,177	Shares/Units - - - - - - - - - - - - - - - -		Shares/Units - - - - - - - - - - - - - - - -

Note: Fair values are measured on the basis of the closing price on the balance sheet date or measured using the valuation techniques in Note 28.

128 -

STATEMENT 9

CHINA STEEL CORPORATION

STATEMENT OF CHANGES IN FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS – NONCURRENT FOR THE YEAR ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Name Unlisted preference shares – overseas East Asia United Steel Corporation (EAUS) – preference A	Balance, January 1, 2023 Shares/Units Fair Value 3,333$ 712,241	Additions Shares/Units Amount -$ -	Decrease (Note) Shares/Units Amount -$ (53,843)	Balance, December 31, 2023 Shares/Units Fair Value Collateral 3,333$ 658,398 None
	Shares/Units 3,333	Shares/Units -	Shares/Units -

Note: Decrease in investment in East Asia United Steel Corporation (EAUS) – preference A resulted from valuation adjustments.

129 -

STATEMENT 10

CHINA STEEL CORPORATION

STATEMENT OF CHANGES IN INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD FOR THE YEAR ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investees Investments in subsidiaries Listed companies Chung Hung Steel Corporation China Steel Chemical Corporation China Steel Structure Co., Ltd. CHC Resources Corporation China Ecotek Corporation Unlisted companies Dragon Steel Corporation CSC Steel Australia Holdings Pty Ltd. China Steel Express Corporation Gains Investment Corporation C. S. Aluminium Corporation China Steel and Nippon Steel Vietnam Joint Stock Company China Steel Asia Pacific Holdings Pte. Ltd. China Prosperity Development Corporation China Steel Power Holding Corporation China Steel Global Trading Corporation CSCI Steel Corporation India Pvt. Ltd. Kaohsiung Rapid Transit Corporation CSC Solar Corporation China Steel Resources Corporation China Steel Machinery Corporation China Steel Security Corporation InfoChamp Systems Corporation Sing Da Marine Structure Corporation Himag Magnetic Corporation China Steel Management Consulting Corporation China Steel Power Corporation Less: Shares held by subsidiaries accounted for as treasury shares Investments in associates Unlisted companies Taiwan Rolling Stock Co., Ltd. Kaohsiung Arena Development Corporation Hsin Hsin Cement Enterprise Corp. Eminent II Venture Capital Corporation Honley Auto. Parts Co., Ltd. Overseas Investment & Development Corp. TaiAn Technologies Corporation Dyna Rechi Co., Ltd.	Balance, January 1, 2023	Balance, January 1, 2023	Additions (	Note 1)	Decrease (	Note 1)	Balance, December 31, 20	23	Market Value or N	et Assets Value Total Amount(Note 2) Collateral Note $ 15,178,636 None 8,151,281 None 3,676,778 None 2,839,081 None 3,124,173 None 32,969,949 96,490,474 None 21,569,840 None 13,647,996 None 9,194,453 None 8,528,271 None 7,033,964 None 4,949,515 None Note 4 6,110,492 None 4,498,303 Note 30 Note 4 3,117,609 None 1,286,953 None 1,154,031 None 1,083,016 None 1,000,683 None 1,588,365 None 519,195 None 911,039 None 467,673 None 467,746 None 20,136 None - Note 30 183,639,754 8,830,392 207,779,311 719,391 None 575,030 None 406,380 None 130,390 None Note 4 104,744 None Note 4 65,909 None 22,945 None - None Note 4 2,024,789 $ 209,804,100
	Shares (In Thousands) 582,673 68,787 66,488 49,290 55,393 8,612,586 595 422,545 559,375 840,122 514,304 178,878 509,803 377,349 78,827 253,568 120,800 95,920 98,112 100,067 25,037 41,466 122,695 19,183 1,000 - - 95,528 45,000 28,659 30,000 35,751 5,000 1,666 24,636	Amount $ 6,696,923 2,350,858 1,351,785 1,091,665 1,048,403 12,539,634 100,847,872 20,732,125 12,980,932 8,069,762 9,010,764 7,517,232 4,900,289 4,919,191 3,864,987 3,253,223 1,384,769 1,181,775 1,052,452 1,001,575 510,795 476,621 557,293 578,236 490,574 20,073 - 183,350,540 8,649,421 187,240,753 790,811 558,955 377,680 281,306 125,588 65,254 23,599 254,205 2,477,398 $ 189,718,151	Shares (In Thousands) - - - - - - - - 37,618 - - - - 41,871 - - - - - - - - - - - - - - - - - - - - -	Amount $ - 98,812 - 38,768 - 137,580 - 837,715 - 1,287,189 - - 612,919 18,936 609,089 - - - 33,569 2,086 242,064 34,771 - - - 63 - 3,678,401 180,971 3,635,010 - 16,075 20,769 - - 655 - - 37,499 $ 3,672,509	Shares (In Thousands) - - - - - - - - - - - (24,721 ) - - - - - - - - - - - - - - - - - - (10,500 ) - - - (24,636 )	Amount $ (124,633 ) - (117,677 ) - (79,632) (321,942) (4,609,549 ) - (11,492 ) - (431,763 ) (483,620 ) (561,240 ) - - (229,628 ) (97,816 ) (27,640 ) - - - - (73,243 ) (111,384 ) (25,253 ) - - (6,662,628 ) - (6,984,570) (71,420 ) - - (150,916 ) (20,844 ) - (654 ) (254,205) (498,039) $ (7,482,609)	Shares (In Thousands) % of Ownership 582,673 41 68,787 29 66,488 33 49,290 20 55,393 45 8,612,586 100 595 100 422,545 100 596,993 100 840,122 100 514,304 56 154,157 100 509,803 100 419,220 51 78,827 100 253,568 100 120,800 43 95,920 55 98,112 100 100,067 74 25,037 100 41,466 100 122,695 47 19,183 69 1,000 100 - - 95,528 48 45,000 18 28,659 31 19,500 46 35,751 35 5,000 6 1,666 17 - -	Amount $ 6,572,290 2,449,670 1,234,108 1,130,433 968,771 12,355,272 96,238,323 21,569,840 12,969,440 9,356,951 8,579,001 7,033,612 4,951,968 4,938,127 4,474,076 3,023,595 1,286,953 1,154,135 1,086,021 1,003,661 752,859 511,392 484,050 466,852 465,321 20,136 - 180,366,313 8,830,392 183,891,193 719,391 575,030 398,449 130,390 104,744 65,909 22,945 - 2,016,858 $ 185,908,051	Unit Price (NT$) $ 26.05(Note 3) 118.50(Note 3) 55.30(Note 3) 57.60(Note 3) 56.40(Note 3)

Note 1: Except for increase or decrease in investment, the change in the current year was mainly from the elimination of unrealized profit or loss from downstream transactions, gain and loss from investment, adjustments in equity from investments and dividends received.

Note 2: Market value of listed companies is the closing price at the balance sheet date. Net asset value of unlisted companies is calculated based on the investees’ financial statements and the Corporation’s ownership percentage.

Note 3: The unit price is calculated based on the closing price on the Taiwan Stock Exchange at the balance sheet date.

Note 4: Please refer to Note 12 for more details

130 -

STATEMENT 11

CHINA STEEL CORPORATION

STATEMENT OF RIGHT-OF-USE ASSETS FOR THE YEAR ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Item Cost Land Land improvements Buildings Transportation equipment Others Total Accumulated depreciation Land Land improvements Buildings Transportation equipment Others Total	Balance, January 1, 2023 $ 1,273,376 436,258 301,422 9,707 13,663 2,034,426 551,168 193,892 105,765 5,181 4,800 860,806 $ 1,173,620	Additions $ 172,502 18,495 41,247 11,183 - $ 243,427 $ 228,320 51,973 106,219 3,962 4,432 $ 394,906	Decrease (Note ) Balance, December 31, 2023 $ (268,926 ) $ 1,176,952 - 454,753 (38,836 ) 303,833 (4,360 ) 16,530 - 13,663 $ (312,122) 1,965,731 $ (252,338 ) 527,150 - 245,865 (38,836 ) 173,148 (3,714 ) 5,429 - 9,232 $ (294,888) 960,824 $ 1,004,907

Note: The decrease in right-of-use assets was due to expiration of lease agreements, termination of lease agreements in advance and lease modification.

131 -

STATEMENT 12

CHINA STEEL CORPORATION

STATEMENT OF SHORT-TERM BORROWINGS AND BANK OVERDRAFT DECEMBER 31, 2023

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

		Range of			Balance,
Type	Contract Period	Interest Rates (%)	Loan Commitments	End of The Year		Collateral
Unsecured loans
Shanghai Savings Bank	2023.12.22-2024.01.19		NT$1.5 billion	$	1,000,000	None
Taipei Fubon Commercial Bank	2023.12.22-2024.02.20		NT$3 billion		1,000,000	None
Bank of Taiwan	2023.11.30-2024.02.29		NT$9 billion		3,000,000	None
Yuanta Commercial Bank.	2023.10.19-2024.01.24		NT$4 billion		3,500,000	None
		1.52-1.63			8,500,000
Bank overdraft	Automatically renew from credit facility	0.59-0.79	NT$5.74 billion		4,728,336	Note 30
	agreement annually
Letters of credit and export bill loans	Automatically renew from credit facility	0.09-6.66	US$0.384 billion and		671,312	None
	agreement annually		NT$0.3 billion
Loans from related parties
China Prosperity Development Corporation	2023.03.31-2024.03.28				850,000	None
InfoChamp Systems Corporation	2023.04.12-2024.03.29				120,000	None
China Steel Machinery Corporation	2023.07.11-2024.06.28				700,000	None
		1.61-1.62			1,670,000
				$	15,569,648

Note: Credit line denominated in foreign currencies could be denominated in other currencies for equal amount where credit line remains unchanged.

132 -

STATEMENT 13

CHINA STEEL CORPORATION

STATEMENT OF SHORT-TERM BILLS PAYABLE DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Interest Item Financial Institution Period Rates (%) Short-term bills Cathay United Bank 2023.10.06-2024.02.19 payable Mega Bills Finance Corporation 2023.12.01-2024.05.31 China Bills Finance Corporation 2023.12.06-2024.03.05 Taching Bills Finance Corporation 2023.12.15-2024.01.15 Union Bank of Taiwan 2023.09.26-2024.03.26 Yuanta Commercial Bank 2023.08.03-2024.03.21 Bank SinoPac 2023.12.08-2024.02.01 E.SUN Bank 2023.12.04-2024.03.04 Taishin Bank 2023.12.12-2024.03.20 CTBC Bank 2023.12.15-2024.03.14 1.42-1.57		Amount
	Issuance Amount $ 7,600,000 4,200,000 4,000,000 500,000 6,500,000 5,300,000 1,500,000 3,500,000 2,000,000 1,500,000 $ 36,600,000	Unamortized Amount Carrying Amount $ 8,248 $ 7,591,752 18,918 4,181,082 8,566 3,991,434 301 499,699 6,832 6,493,168 11,554 5,288,446 1,357 1,498,643 6,818 3,493,182 6,523 1,993,477 2,376 1,497,624 $ 71,493 $ 36,528,507

133 -

STATEMENT 14

CHINA STEEL CORPORATION

STATEMENT OF ACCOUNTS PAYABLE DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Vendor Name Related Parties Dragon Steel Corporation China Steel Express Corporation C.S.Aluminium Corporation CSE Transport Corporation Others (Note) Non-related Parties Rio Tinto Commercial Pte. Ltd. South32 Marketing Pte Ltd. Teck Coal Ltd. Hail Creek Marketing Pty Ltd Roy Hill Iron Ore Pty Ltd Kestrel Coal Sales Pty Ltd Yancoal Australia Sales Pty Ltd Vale International Sa Peabody Coalsales Pacific Pty Ltd Others (Note)	Amount $ 263,011 227,573 190,496 153,480 95,071
	$ 929,631
	$ 904,176 418,196 410,737 343,143 322,459 312,438 309,914 301,712 289,963 2,058,557
	$ 5,671,295

Note: The amount of individual vendor in others does not exceed 5% of the account balance.

134 -

STATEMENT 15

CHINA STEEL CORPORATION

STATEMENT OF OTHER CURRENT LIABILITIES DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Item Receipts under custody Deposits received Others	Amount $ 301,239 107,984 76,965 $ 486,188

135 -

STATEMENT 16

CHINA STEEL CORPORATION

STATEMENT OF BONDS PAYABLE DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Bonds Name Trustee Issuance Date Interest Payment Date And Repayment Method Coupon Rate (%) 3-year unsecured bonds Taipei Fubon Commercial Bank Co., Ltd. 2023.07-2026.07 Repayable 100% in July 2026 ; interest payable annually 1.50 5-year unsecured bonds Mega International Commercial Bank Co., Ltd. 2020.12-2025.12 Repayable in December 2024 and December 2025; interest payable annually 0.39 Taipei Fubon Commercial Bank Co., Ltd. 2023.07-2028.07 Repayable in July 2027 and July 2028; interest payable annually 1.57 7-year unsecured bonds Hua Nan Bank 2018.05-2025.05 Repayable in May 2024 and May 2025; interest payable annually 0.95 Taipei Fubon Commercial Bank Co., Ltd. 2018.10-2025.10 Repayable 25% in October 2024 and 75% in October 2025; interest payable annually 0.90 Mega International Commercial Bank Co., Ltd. 2020.12-2027.12 Repayable in 70% in December 2026 and 30% in December 2027; interest payable annually 0.43 10-year unsecured bonds Taipei Fubon Commercial Bank Co., Ltd. 2014.01-2024.01 Repayable in January 2023 and January 2024; interest payable annually 1.95 Taipei Fubon Commercial Bank Co., Ltd. 2018.08-2028.08 Repayable in August 2027 and August 2028; interest payable annually 1.10 Taipei Fubon Commercial Bank Co., Ltd. 2018.10-2028.10 Repayable in October 2027 and October 2028; interest payable annually 1.05 15-year unsecured bonds Mega International Commercial Bank Co., Ltd. 2013.07-2028.07 Repayable 30% in July 2026, 30% in July 2027, and 40% in July 2028; interest payable annually 1.88 Taipei Fubon Commercial Bank Co., Ltd. 2014.01-2029.01 Repayable 30% in January 2027, 30 % in January 2028, and 40% in January 2029; interest payable annually 2.15 Less: Current portion			Amount	Issuance Costs Carrying Value Collateral $ (6,829 ) $ 7,193,171 None (768 ) 1,599,232 None (4,105 ) 3,795,895 None (994 ) 5,999,006 None (969 ) 4,149,031 None (2,658 ) 4,197,342 None (30 ) 3,499,970 None (3,046 ) 5,596,954 None (1,336 ) 2,248,664 None (1,074 ) 3,598,926 None (2,644 ) 8,997,356 None (24,453 ) 50,875,547 (915) 8,336,585 $ (23,538) $ 42,538,962
		Total Amount Repayment Paid E $ 7,200,000 $ - 1,600,000 - 3,800,000 - 6,000,000 - 4,150,000 - 4,200,000 - 7,000,000 3,500,000 5,600,000 - 2,250,000 - 3,600,000 - 9,000,000 - 54,400,000 3,500,000 8,337,500 - $ 46,062,500 $ 3,500,000	Balance, nd of The Year $ 7,200,000 1,600,000 3,800,000 6,000,000 4,150,000 4,200,000 3,500,000 5,600,000 2,250,000 3,600,000 9,000,000 50,900,000 8,337,500 $ 42,562,500

136 -

STATEMENT 17

CHINA STEEL CORPORATION

STATEMENT OF LONG-TERM BANK BORROWINGS DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Amount, Contract Period Bank Name and Repayment Method Interest Rates (%) Unsecured Loans Bank of Taiwan NT$1.5 billion, due in August 2025 with revolving basis Bank of Taiwan NT$2.5 billion, due in August 2025 with revolving basis Bank of Taiwan NT$1.0 billion, due in August 2025 with revolving basis Bank of Taiwan JPY 1.2 billion, repaid in November 2025 The Export-lmport Bank of Roc NT$0.5 billion, repaid in May 2026 Mizuho Bank JPY 3.3 billion, repaid in June 2025 0.29-1.75 Less: Financial liabilities for hedging-noncurrent		Balance, December 31, 2023	Balance, December 31, 2023	Total Collateral $ 1,500,000 None 2,500,000 None 1,000,000 None 263,681 None 500,000 None 713,176 None 6,476,857 (976,857) $ 5,500,000
		Current $ - - - - - - - - $ -	Over 1 Year $ 1,500,000 2,500,000 1,000,000 263,681 500,000 713,176 6,476,857 (976,857) $ 5,500,000

137 -

STATEMENT 18

CHINA STEEL CORPORATION

STATEMENT OF LEASE LIABILITIES DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Item
Object
Period
Discount
Rates (%)
Land
Lease of land and
wharf, etc.
2020.06.01-2028.06.30
0.59-2.07

Land improvements Lease of wharf and
relating facilities,
etc
2019.01.01-2027.12.31
1.31-1.74
Buildings
Lease of plants,
offices and
dorms, etc
2021.05.01-2028.06.30
0.59-1.74
Transportation
equipment
Lease of company
cars, etc
2021.02.22-2027.04.11
0.59-1.74
others
5G application
service for
business
2021.12.16-2024.12.15
0.59

Less: Current portion

Amount
$ 653,132
203,754
124,694
11,467
4,603
997,650
(309,201)
$ 688,449

138 -

STATEMENT 19

CHINA STEEL CORPORATION

STATEMENT OF LONG-TERM BILLS PAYABLE DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Interest Item Financial Institution Period Rates (%) Long-term bills Cathay United Bank 2022.12.30-2026.12.30 payable China Bills Finance Corporation 2023.03.20-2026.06.12 Taishin International Bank 2023.01.06-2026.01.06 1.51-1.55	Amount
	Issuance Amount Unamortized Amount $ 8,000,000 $ 3,368 4,000,000 3,210 2,000,000 8,994 $14,000,000 $ 15,572	Carrying Amount $ 7,996,632 3,996,790 1,991,006 $13,984,428

Note: Commercial papers are issued on revolving basis within the contract period of 3-4 years, starting from 2022 to 2026, and recorded as long-term bills payable.

139 -

STATEMENT 20

CHINA STEEL CORPORATION

STATEMENT OF OPERATING REVENUE FOR THE YEAR ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Item Quantities (Metric Tons) Sale of Goods Carbon Steel Products Cold rolled steel products 2,627,217 Hot rolled steel products 2,493,940 Wire rods 917,990 Plates 805,011 Bars 453,613 Commercial slabs 451,362 Pig iron 173 Non-carbon steel products Others Others (Note)	Amount $ 69,793,199 51,238,469 22,574,445 22,429,821 13,260,199 7,656,192 3,477 186,955,802 1,407,370 3,345,382 191,708,554 5,440,604 $ 197,149,158

Note: The amount of each item included in others does not exceed 10% of the account balance.

140 -

STATEMENT 21

CHINA STEEL CORPORATION

STATEMENT OF OPERATINGS COSTS FOR THE YEAR ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Item
Raw materials used
Raw materials, beginning of the year

Raw material purchased
Loss from physical count
Raw materials, end of the year

Direct labor
Manufacturing expenses

Manufacturing cost
Work in progress, beginning of the year
Work in progress, end of the year

Finished goods, beginning of the year
Finished goods, end of the year
Others, beginning of the year
Others, end of the year
Non-manufacturing cost or service cost
Others

Costs of goods sold
Others (Note)

Amount
$ 12,932,434
121,585,784
(161,537 )
(12,350,577)
122,006,104
4,458,892
54,938,959
181,403,955
23,170,817
(21,329,702)
183,245,070
15,541,497
(13,532,749 )
37,261
(96,664 )
(1,506,294 )
1,957,518
185,645,639
4,448,234
$ 190,093,873

Note: The amount of each item in others does not exceed 10% of the account balance.

141 -

STATEMENT 22

CHINA STEEL CORPORATION

STATEMENT OF OPERATING EXPENSES FOR THE YEAR ENDED DECEMBER 31, 2023 (In Thousands of New Taiwan Dollars)

Item Payroll expense Professional fee Depreciation expense, depletion and amortization Traveling expense Packing and processing fee Maintenance and warranty fee Others Total	Selling Expenses General and Administrative Expenses $ 493,389 $ 1,284,650 106,864 720,654 263,921 180,120 808,710 33,863 517,329 41,675 153,276 119,114 156,402 345,827 $ 2,499,891 $ 2,725,903	Research and Development Expenses $ 711,611 911,834 200,559 4,049 2,536 44,255 158,405 $ 2,033,249	Total $ 2,489,650 1,739,352 644,600 846,622 561,540 316,645 660,634 $ 7,259,043

142 -

STATEMENT 23

CHINA STEEL CORPORATION

STATEMENT OF EMPLOYEE BENEFITS, DEPRECIATION AND AMORTIZATION FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (In Thousands of New Taiwan Dollars)

Employee benefits Salaries Labor and health insurance Post-employment benefits Termination benefits Remuneration of directors Others Depreciation Amortization	For The Year Ended December 31, 2023	Total $ 12,462,705 1,027,955 828,155 68,768 5,814 518,469 $ 14,911,866 $ 13,516,027 -	For The Year Ended December 31, 2022
	Classified as Operating Costs Classified as Operating Expenses Classified as Others $ 10,369,316 $ 2,027,858 $ 65,531 868,192 158,797 966 606,452 221,182 521 - - 68,768 - 5,814 - 428,425 75,999 14,045 $ 12,272,385 $ 2,489,650 $ 149,831 $ 12,843,443 $ 644,600 $ 27,984 - - -		Classified as Operating Costs Classified as Operating Expenses Classified as Others $ 13,292,962 $ 2,633,084 $ 191,127 957,925 169,979 969 603,715 242,328 419 - - 66,833 - 27,409 - 533,704 93,507 14,433 $ 15,388,306 $ 3,166,307 $ 273,781 $ 14,572,118 $ 641,690 $ 22,505 4,978 - -	Total $ 16,117,173 1,128,873 846,462 66,833 27,409 641,644 $ 18,828,394 $ 15,236,313 4,978

Note 1: As of DECEMBER 31, 2023 and 2022, the Corporation had 9,637 and 9,693 employees, respectively. Among them 7 directors did not serve concurrently as employees in 2023 and 2022, respectively.

Note 2: Additional disclosures are as follows:
1) Average employee benefits for the year ended December 31, 2023 was NT$ 1,548 thousand (Amounts of employee benefits for the year ended December 31, 2023 less amounts of remuneration of directors for the year ended December 31, 2023/number of employees for the year ended December 31, 2023 less number of directors not serving concurrently as employees for the year ended December 31, 2023)

Average employee benefits for the year ended December 31, 2022 was NT$ 1,941 thousand (Amounts of employee benefits for the year ended December 31, 2022 less amounts of remuneration of directors for the year ended December 31, 2022/number of employees for the year ended December 31, 2022 less number of directors not serving concurrently as employees for the year ended December 31, 2022)

2) Average salaries for the year ended December 31, 2023 was NT$1,294 thousand (Amounts of salaries for the year ended December 31, 2023/number of employees for the year ended December 31, 2023 less number of directors not serving concurrently as employees for the year ended December 31, 2023)

Average salaries for the year ended December 31, 2022 was NT$ 1,664 thousand (Amounts of salaries for the year ended December 31, 2022/number of employees for the year ended December 31, 2022 less number of directors not serving concurrently as employees for the year ended December 31, 2022)

3) Changes of adjustments of average salaries was (22)% (Average salaries for the year ended December 31, 2023 less average salaries for the year ended December 31, 2022/average salaries for the year ended December 31, 2022)
4) The Corporation does not have any supervisor.
143 -

5) The Corporation's remuneration policies are as follows:

a) Remuneration policy for directors

The remuneration policy for directors shall be handled in accordance with the Corporation's Articles of Incorporation and Organization Regulations for Remuneration Committee, formulated upon the recommendation of the Remuneration Committee, and submitted to the Board of Directors for approval.

i Remuneration for directors: It’s distributed according to Article 6 of the Corporation's Articles of Incorporation, which stipulates that “If there is profit in any given fiscal year, the Corporation shall set aside no less than 0.1% as the remuneration in stock or cash for employees, and no more than 0.15% as the remuneration for Directors,” and Article 9 of the Rules Governing the Performance Evaluation of the Board of Directors, which stipulates that “The results of the performance evaluation for the Corporation’s directors shall be used as a reference for the election or nomination of directors; the results of performance evaluation for each director (excluding independent directors) shall be used as a reference for determining the remuneration allocation for directors.”

ii Remuneration for independent directors: The Corporation pays a fixed compensation monthly to the independent directors, who shall not receive the aforesaid remuneration for directors.

iii Travel allowance: The Corporation pays a monthly travel allowance to directors who do not receive the salary and benefits for the Corporation's Chairman or managements.

iv Attendance fee: The Corporation pays an attendance fee to directors who do not receive salary and benefits for the Corporation's Chairman or managements for attending meetings held by the functional committees under the Corporation's Board of Directors and the Corporation’s project study and consultation meetings, etc.
b) Remuneration policy for the managements

With regard to salary and benefits for appointed managements, the Remuneration Committee, which comprises three independent directors appointed by the Board of Directors, shall study and formulate (as well as regularly review) the performance evaluation system, evaluation results, and related remuneration system for appointed managements. In addition to referencing the typical pay levels of industry peers and listed companies, the reasonableness of correlation between individual performance, the Corporation's business performance, and future risks are also taken into consideration while determining the performance and remuneration for appointed managements.

c) Compensation policy for employees

Employee compensation mainly includes basic salary, bonuses, and remuneration for employees. Employee compensation standards are formulated based on their duties and responsibilities, current market salary standards, the Corporation’s financial status and organizational structure. Bonuses and remuneration for employees reflect the Corporation's profitability in the current year and are also related to the individual performance of employees. Employees who have yet to reach the maximum job grade for the positions they hold after joining the Corporation are given opportunities for salary adjustments every year based on their job grade and individual performance. The range of salary adjustment is highly correlated with an employee's performance. In addition, the Corporation will also offer annual salary adjustments based on market salary trends and its operating conditions.

144 -

AI assistant

CSC — Audit Report / Information 2023

51937_rns_2023-11-13_e612d06a-1a8b-4149-8096-80881b11bf5b.pdf

China Steel Corporation

INDEPENDENT AUDITORS’ REPORT

Opinion

Basis for Opinion

Key Audit Matters

Recognition of Revenue from Sale of Goods of Steel Department

Responsibilities of Management and Those Charged with Governance for the Standalone Financial Statements

Auditors’ Responsibilities for the Audit of the Standalone Financial Statements

Notice to Readers

China Steel Corporation

STANDALONE BALANCE SHEETS

(In Thousands of New Taiwan Dollars)

China Steel Corporation

STANDALONE STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

China Steel Corporation

STANDALONE STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

China Steel Corporation

STANDALONE STATEMENTS OF CHANGES IN EQUITY (In Thousands of New Taiwan Dollars, Except Dividends Per Share)

China Steel Corporation

STANDALONE STATEMENTS OF CASH FLOWS (In Thousands of New Taiwan Dollars)

China Steel Corporation

STANDALONE STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

China Steel Corporation

1. GENERAL INFORMATION

2. APPROVAL OF FINANCIAL STATEMENTS

3. APPLICATION OF NEW , AMENDED REVISED STANDARDS AND INTERPRETATIONS

4. SUMMARY OF MATERIAL ACCOUNTING POLICY INFORMATION

d. Foreign currencies

e. Inventories

f. Investments in subsidiaries

g. Investment in associates

I Financial assets at FVTPL

2) Equity instruments

3) Financial liabilities

Financial guarantee contracts

5) Hedge accounting

a) Fair value hedges

b) Cash flow hedges

m. Provisions

1) Revenue from sale of goods

2) Construction contract revenue

p. Leases

1) The Corporation as lessor

2) The Corporation as lessee

q. Borrowing costs

r. Employee benefits

1) Short-term employee benefits

2) Retirement benefits

3) Other long-term employee benefits

1) Current tax

2) Deferred tax

3) Current and deferred tax

5. MATERIAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

6. CASH AND CASH EQUIVALENTS

7. FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

8. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME – EQUITY INSTRUMENTS

9. FINANCIAL INSTRUMENTS FOR HEDGING

10. NOTES AND ACCOUNTS RECEIVABLE, NET (INCLUDING RELATED PARTIES)

December 31, 2023

11. INVENTORIES

12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

a. Investments in subsidiaries

b. Investments in associates

13. OTHER FINANCIAL ASSETS

14. PROPERTY, PLANT AND EQUIPMENT

For the Year Ended December 31, 2022

15. LEASE ARRANGEMENTS

a. Right-of-use assets

b. Lease liabilities

d. Other lease information

16. INVESTMENT PROPERTIES

17. BORROWINGS

b. Short-term bills payable

18. BONDS PAYABLE

19. OTHER PAYABLES

20. PROVISIONS

CSC Audit Report / Information 2023