CyberLink - Regulatory Filings 2026

CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REVIEW REPORT For the Three Months Ended March 31, 2025 and 2024 (Stock Code 5203)

Address: 15F., No.100, Minquan Rd., Xindian Dist., New Taipei City 231, Taiwan (R.O.C.)

Tel: (02)8667-1298

For the convenience of readers and for information purpose only, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chineselanguage auditors’ report and financial statements shall prevail.

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CYBERLINK CORP. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REVIEW REPORT FOR THE THREE MONTHS ENDED MARCH 31, 2025 and 2024

Item 1. Cover Page 2. Table of Contents 3. Independent Auditor’s Report 4. Consolidated Balance Sheets 5. Consolidated Statements of Comprehensive Income 6. Consolidated Statements of Changes In Equity 7. Consolidated Statements of Cash Flows 8. Notes to Consolidated Financial Statements (1) History and Organization (2) The Date of Authorization for Issuance of the Consolidated Financial Statements and Procedures for Authorization (3) Application of New Standards, Amendments and Interpretations (4) Summary of Significant Accounting Policies (5) Critical Accounting Judgments, Estimates and Key Sources of Assumption Uncertainty (6) Details of Significant Accounts (7) Related-Party Transactions (8) Pledged Assets	Page
	1 2 ~ 3 4 5 ~ 6 7 8 9 ~ 10 11 ~ 53 11 11 11 ~ 13 13 ~ 14 14 15 ~ 36 37 ~ 39 39

Item
1. Cover Page
2. Table of Contents
3. Independent Auditor’s Report
4. Consolidated Balance Sheets
5. Consolidated Statements of Comprehensive Income
6. Consolidated Statements of Changes In Equity
7. Consolidated Statements of Cash Flows
8. Notes to Consolidated Financial Statements
(1) History and Organization
(2) The Date of Authorization for Issuance of the Consolidated Financial
Statements and Procedures for Authorization
(3) Application of New Standards, Amendments and Interpretations
(4) Summary of Significant Accounting Policies
(5) Critical Accounting Judgments, Estimates and Key Sources of
Assumption Uncertainty
(6) Details of Significant Accounts
(7) Related-Party Transactions
(8) Pledged Assets

Page

1
2 ~ 3
4
5 ~ 6
7
8
9 ~ 10
11 ~ 53
11
11
11 ~ 13
13 ~ 14
14
15 ~ 36
37 ~ 39
39

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Item (9) Significant Contingent Liabilities and Unrecognized Contract Commitments (10) Significant Disaster Loss (11) Significant Events after the balance sheet date (12) Others (13) Supplementary Disclosures (14) Segment Reporting	Page
	39 39 39 39 ~ 51 52 52~53

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Independent Auditor’s Review Report (2025) Finance Review Report No. 25000164 To the Board of Directors and Stockholders of CyberLink Corp.

Introduction

We have reviewed the accompanying consolidated balance sheets of CyberLink Corp. and subsidiaries (the “Group”) as of March 31, 2025 and 2024, and the related consolidated statements of comprehensive income, of changes in equity and cash flows for the three months ended March 31, 2025 and 2024, and notes to the consolidated financial statements, including a summary of significant accounting policies. Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and the International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

Scope of Review

We conducted our reviews in accordance with the Standards on Review Engagements of the Republic of China 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of the consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Group as of March 31, 2025 and 2024, as well as its consolidated financial performance and its consolidated cash flows for the three months ended March 31, 2025 and 2024 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and the International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

PwC Taiwan

Huang, Chin-Lien

Certified Public Accountant

Lai, Chung-Hsi April 29, 2025

Notes to Readers

The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance and cash flows in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and with the International Accounting Standard 34, “Interim Financial Reporting” as endorsed and made effective by the Financial Supervisory Commission of the Republic of China. The standards, procedures and practices to review such consolidated financial statements are those generally accepted and applied in the Republic of China. The English version of the consolidated financial statements used for translation was not reviewed by the CPA.

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(English Translation of Consolidated Financial Statements Originally Issued in Chinese) CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS MARCH 31, 2025, DECEMBER 31, 2024 AND MARCH 31, 2024

(The balance sheets as of March 31, 2024 and 2023 are reviewed, not audited)

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Unit: Amounts expressed in thousands of New Taiwan Dollars
March 31, 2025 December 31, 2024 March 31, 2024
(Reviewed) (Audited) (Reviewed)
ASSETS Notes Amount % Amount % Amount %
Current assets
1100 Cash and cash equivalents 6(1) $ 573,274 9 $ 587,718 10 $ 402,397 7
1110 Current financial assets at fair 6(2)
value through profit or loss 40,297 1 90,030 1 20,848 -
1136 Current financial assets at 6(3)
amortized cost 1,917,878 30 1,696,883 28 1,728,000 29
1170 Accounts receivable, net 6(5) 86,719 1 68,894 1 94,323 2
1200 Other receivables 3,697 - 3,957 - 5,576 -
1210 Other receivables - related parties 7 2,405 - 2,140 - 2,193 -
1220 Current income tax assets 2,299 - 2,272 - 7,561 -
130X Inventories 2,891 - 3,000 - 4,451 -
1470 Other current assets 27,495 1 30,767 1 24,045 1
11XX Total current assets 2,656,955 42 2,485,661 41 2,289,394 39
Non-current assets
1510 Non-current financial assets at fair 6(2)
value through profit or loss 253,453 4 250,807 4 276,739 5
1517 Non-current financial assets at fair 6(4)
value through other
comprehensive income 248 - 248 - 248 -
1550 Investments accounted for using 6(6)
the equity method 1,663,867 27 1,634,165 27 1,572,216 27
1600 Property, plant and equipment, net 6(7) 438,842 7 427,205 7 428,838 7
1755 Right-of-use assets 6(8) and 7 13,398 - 15,031 - 19,934 -
1760 Investment property, net 6(10) 1,200,732 19 1,203,641 20 1,212,368 21
1840 Deferred income tax assets 68,188 1 68,242 1 55,756 1
1900 Other non-current assets 12,934 - 15,539 - 22,386 -
15XX Total non-current assets 3,651,662 58 3,614,878 59 3,588,485 61
1XXX Total assets $ 6,308,617 100 $ 6,100,539 100 $ 5,877,879 100
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(English Translation of Consolidated Financial Statements Originally Issued in Chinese) CYBERLINK CORP. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS MARCH 31, 2025, DECEMBER 31, 2024 AND MARCH 31, 2024

(The balance sheets as of March 31, 2024 and 2023 are reviewed, not audited)

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Unit: Amounts expressed in thousands of New Taiwan Dollars
March 31, 2025 December 31, 2024 March 31, 2024
(Reviewed) (Audited) (Reviewed)
Liabilities and Equity Notes Amount % Amount % Amount %
Current liabilities
2130 Current contract liabilities 6(22) $ 483,698 8 $ 435,006 7 $ 392,603 7
2170 Accounts payable 6(11) 27,902 - 30,116 1 42,655 1
2200 Other payables 6(12) 413,400 7 434,171 7 312,058 5
2230 Income tax payable 23,338 - 18,511 - 5,080 -
2280 Current lease liabilities 6(8)
- - -
(32) and 7 6,789 6,646 6,576
2300 Other current liabilities 6(13) (14) 65,493 1 36,450 1 44,250 1
21XX Total current liabilities 1,020,620 16 960,900 16 803,222 14
Non-current liabilities
2550 Non-current provisions 6(14) 315,137 5 332,419 6 342,047 6
2570 Deferred income tax liabilities 8,451 - 8,451 - 8,917 -
2580 Non-current lease liabilities 6(8)
- - -
(32) and 7 7,054 8,732 13,727
2600 Other non-current liabilities 6(15) (32) 65,754 1 65,693 1 65,328 1
25XX Total non-current liabilities 396,396 6 415,295 7 430,019 7
2XXX Total Liabilities 1,417,016 22 1,376,195 23 1,233,241 21
Equity
Equity attributable to shareholders
of the parent
Capital Stock 6(18)
3110 Common stock 790,988 13 789,593 13 789,418 13
Capital surplus 6(19)
3200 Capital surplus 2,314,874 37 2,295,299 37 2,261,726 39
Retained earnings 6(20)
3310 Legal reserve 1,092,794 17 1,092,794 18 1,092,794 19
3320 Special reserve 186,303 3 186,303 3 170,301 3
3350 Unappropriated earnings 518,293 8 415,991 7 437,217 7
Other equity interest 6(21)
3400 Other equity interest ( 11,651) - ( 55,636) ( 1) ( 106,818) ( 2)
31XX Equity attributable to
shareholders of the parent 4,891,601 78 4,724,344 77 4,644,638 79
3XXX Total equity 4,891,601 78 4,724,344 77 4,644,638 79
Significant Contingent Liabilities and 6(8)(9) and
Unrecognized Contract 7
Commitments
2X Total liabilities and equity $ 6,308,617 100 $ 6,100,539 100 $ 5,877,879 100
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The accompanying notes are an integral part of these consolidated financial statements.

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(English Translation of Consolidated Financial Statements Originally Issued in Chinese) CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Three Months Ended March 31, 2025 and 2024

(Reviewed, not audited)

Unit: Amounts expressed in thousands of New Taiwan Dollars, except for Earnings per share

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Three Months Ended March 31, 2025 Three Months Ended March 31, 2024
Item Notes Amount % Amount %
4000 Net revenue 6(22) $ 571,525 100 $ 492,114 100
5000 Operating costs 6(23)
(28) ( 83,753) ( 15) ( 69,826) ( 14)
5900 Gross profit 487,772 85 422,288 86
Operating expenses 6(16)
(28)
(29) and 7
6100 Sales and marketing expenses ( 211,705) ( 37) ( 178,280) ( 36)
6200 General and administrative expenses ( 31,162) ( 5) ( 34,386) ( 7)
6300 Research and development expenses ( 177,585) ( 31) ( 154,680) ( 32)
6450 Expected credit loss 12(2) - - ( 20,514) ( 4)
6000 Total operating expenses ( 420,452) ( 73) ( 387,860) ( 79)
6900 Operating income 67,320 12 34,428 7
Non-operating income and expenses
7100 Interest income 6(3)(24) 19,420 3 22,258 4
7010 Other income 6(9)(10)
(25) and 7 19,878 3 23,943 5
7020 Other gains or losses 6(2)(26) 15,353 3 39,640 8
7050 Financial costs 6(8)(27)
and 7 ( 57) - ( 58) -
7000 Total non-operating income and expenses 54,594 9 85,783 17
7900 Income before income tax 121,914 21 120,211 24
7950 Income tax expenses 6(30) ( 19,612) ( 3) ( 20,659) ( 4)
8200 Net income for the period $ 102,302 18 $ 99,552 20
Other comprehensive (loss) income
Components of other comprehensive income
that will be reclassified to profit or loss
subsequently
8361 Exchange differences arising on translation 6(21)
of foreign operations $ 21,748 4 $ 18,033 4
8370 Share of other comprehensive income of 6(6)(21)
associates and joint ventures accounted
for using equity method 22,237 4 61,452 12
8360 Components of other comprehensive
income that will be reclassified to
profit or loss subsequently 43,985 8 79,485 16
8300 Other comprehensive income (net) $ 43,985 8 $ 79,485 16
8500 Total comprehensive income $ 146,287 26 $ 179,037 36
Net income, attributable to:
8610 Shareholders of the parent $ 102,302 18 $ 99,552 20
Total comprehensive income, attributable to:
8710 Shareholders of the parent $ 146,287 26 $ 179,037 36
Earnings per share (EPS) (NT$) 6(31)
9750 Basic earnings per share $ 1.29 $ 1.26
9850 Diluted earnings per share $ 1.27 $ 1.25
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The accompanying notes are an integral part of these consolidated financial statements.

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(English Translation of Consolidated Financial Statements Originally Issued in Chinese) CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Three Months Ended March 31, 2025 and 2024

(Reviewed, not audited)

Unit: Amounts expressed in thousands of New Taiwan Dollars

		Equity attributable to shareholders ofthe parent	Equity attributable to shareholders ofthe parent	Equity attributable to shareholders ofthe parent
Common stock $ 789,418 - - - - - $ 789,418 $ 789,593 - - - - 1,395 - $ 790,988	Capital surplus $ 2,247,436 - - - 5,187 9,103 $ 2,261,726 $ 2,295,299 - - - 1,884 10,226 7465 $ 2,314,874		Retained earnings	Unappropriated earnings $ 337,665 99,552 - 99,552 - - $ 437,217 $ 415,991 102,302 - 102,302 - - - $ 518,293
		Legal reserve $ 1,092,794	Special reserve $ 170,301 - - - - - $ 170,301 $ 186,303 - - - - - - $ 186,303
		- -
		-
		- -
		$ 1,092,794
		$ 1,092,794
		- -
		-
		- - - $ 1,092,794

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

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CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Three Months Ended March 31, 2025 and 2024

(Reviewed, not audited)

Unit: Amounts expressed in thousands of New Taiwan Dollars

Cash flows from operating activities
Net income before income tax
Adjustments
Adjustments to reconcile profit (loss)
Loss on financial assets at fair value through
profit or loss
Depreciation expense
Expected credit loss
Interest income
Dividend income
Interest expenses
Cost of employee stock options
Changes in operating assets and liabilities
Changes in operating assets
Financial assets mandatorily measured at
fair value through profit or loss
Accounts receivable
Other receivables
Other receivables - related parties
Inventories
Other current assets
Other non-current assets
Changes in operating liabilities
Current contract liabilities
Accounts payable
Other payables
Other current liabilities
Current and non-current provisions of
liabilities
Other non-current liabilities
Cash inflow generated from operations
Interest received
Interest paid
Dividends received
Income tax paid
Net cash inflow from operating activities

Three Months Ended March 31,
Notes
2025
2024
$ 121,914
$ 120,211
6(2)(26)
1,323
4,546
6(7)(8)(10)
7,699
7,581
6(28)
-
20,514
6(24)
(
19,420 )
(
22,258 )
6(25)
-
(
4,922 )
6(8)(27)
57
58
6(17)
(29)
1,884
5,187
48,423
113,477
(
16,267 )
(
6,330 )
273
(
450 )
(
218 )
(
51 )
109
(
724 )
3,295
2,310
2,202
1,369
48,688
29,839
(
2,779 )
(
959 )
(
24,843 )
(
70,118 )
5,578
1,271
4,307
(
9,221 )
61
7
182,286
191,337
19,410
22,048
(
57 )
(
58 )
-
4,922
(
14,081 )
(
12,332 )
187,558
205,917

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CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Three Months Ended March 31, 2025 and 2024

(Reviewed, not audited)

Unit: Amounts expressed in thousands of New Taiwan Dollars

Cash flows from investing activities
Acquisition of financial assets at amortized cost
Proceeds from disposal of financial assets at
amortized cost
Acquisition of property, plant and equipment
Decrease in refundable deposits
Net cash outflow from investing activities
Cash flows from financing activities
Repayment of the principal portion of lease
liabilities
Exercise of employee stock options
Net cash inflow (outflow) from financing
activities
Effects of changes in exchange rates
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

Three Months Ended March 31,
Notes
2025
2024
( $ 1,129,140 )
( $ 896,000 )
912,660
657,560
6(33)
(
5,251 )
(
5,195 )
407
97
(
221,324 )
(
243,538 )
6(8)(32)
(
1,535 )
(
1,768 )
11,621
-
10,086
(
1,768 )
9,236
125
(
14,444 )
(
39,264 )
587,718
441,661
$ 573,274
$ 402,397

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

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CYBERLINK CORP. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Three months ended March 31, 2025 and 2024

Unit: Amounts expressed in thousands of New Taiwan Dollars (EXCEPT AS OTHERWISE INDICATED)

1. History and Organization

CyberLink Corp. (the “Company”) was incorporated under the Company Law of the Republic of China (R.O.C.) in August 1990. The Company and its subsidiaries (collectively referred to herein as the “Group”) are primarily engaged in the design and sale of computer software. The Securities and Futures Commission of the Republic of China approved the Company’s shares for listing on the GreTai Securities Market (formerly Over-The-Counter Securities Exchange) and the shares started trading on October 11, 2000. The Company’s shares have been listed on the Taiwan Stock Exchange Corporation since September 27, 2004.

2. The Date of Authorization for Issuance of the Consolidated Financial Statements and Procedures for Authorization

The consolidated financial statements were authorized for issuance by the Board of Directors on April 29, 2025.

3. Application of New Standards, Amendments and Interpretations

(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (the “IFRS”) as endorsed and released by the Financial Supervisory Commission (the “FSC”)

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

Effective date by International Accounting New Standards, Interpretations and Amendments Standards Board Amendments to IAS 21 ‘Lack of Exchangeability’ January 1, 2025

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

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

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

Effective date by International Accounting New Standards, Interpretations and Amendments Standards Board Amendments to certain content of IFRS No. 9 and IFRS No. 7 January 1, 2026 “Amendments to the classification and measurement of financial instruments”

The above standards and interpretations have no significant impact on the Group’s financial

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condition and financial performance based on the Group’s assessment.

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

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

	Effective date by
	International Accounting
New Standards,Interpretations and Amendments	Standards Board
Amendments to certain content of IFRS No. 9 and IFRS No. 7	January 1, 2026
“Amendments to the classification and measurement of
financial instruments”
Amendments to IFRS 9 and IFRS 7 “Contracts referencing nature-	January 1, 2026
dependent electricity”.
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of	To be determined by
assets between an investor and its associate or joint venture’	International Accounting
	Standards Board
IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17, ‘Initial application of IFRS 17 and IFRS	January 1, 2023
9 - comparative information’
IFRS No. 18 “Presentation and Disclosures in Financial	January 1, 2027
Statements”
IFRS No. 19 “Subsidiaries Without Public Accountability:	January 1, 2027
Disclosures”
Annual Improvements to IFRS Accounting Standards - Volume 11	January 1, 2026

The Group has assessed the aforementioned standards and interpretations, and except for the items listed below, there are no significant impact on the Group’s financial position and performance:

Amendments to certain content of IFRS No. 9 and IFRS No. 7 “Amendments to the classification and measurement of financial instruments”

The FSC has approved certain content of this amendment; the content not yet approved is described below:

(a) The amendment clarifies the recognition and derecognition dates of certain financial assets and liabilities. It adds that when using an electronic payment system to settle a financial liability (or part of it) in cash, an enterprise is permitted to consider the financial liability as derecognized before the settlement date if and only if the enterprise initiates the payment instruction, provided that the following conditions are met:
The enterprise does not have the ability to revoke, stop or cancel the payment designation;
The enterprise has no actual ability to obtain cash for settlement due to the payment order;
The delivery risk related to the electronic payment system is not significant.

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  - (b) The update to investments in equity instruments designated at fair value through other comprehensive income through irrevocable election (FVOCI) requires disclosure of the fair value of each type of equity instrument, and it is no longer necessary to disclose the fair value information of each individual instrument. Additionally, the entity should disclose the fair value gains and losses recognized in other comprehensive income during the reporting period, separately showing the fair value gains and losses related to investments derecognized during the reporting period and those related to investments held at the end of the reporting period, as well as the accumulated other comprehensive income transferred to equity due to the derecognition of investments during the reporting period.

IFRS No. 18 “Presentation and Disclosure in Financial Statements”
- IFRS No. 18 “Financial Statement Presentation and Disclosure” replaces IAS No. 1 and updates the structure of the comprehensive income statement, adds the disclosure of management performance measurement, and strengthens the application in the summary of the main financial statements, notes and segmentation.
Summary of Significant Accounting Policies

The principal accounting policies adopted are consistent with Note 4 in the consolidated financial statements for the year ended December 31, 2024, except for the compliance statement, the basis of preparation, the basis of consolidation and additional policies as set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

(1) Compliance statement

The consolidated financial statements of the Group have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and IAS 34 “Interim Financial Reporting” endorsed and released by the FSC.
The consolidated financial statements should be read together with the consolidated financial statements for the year ended December 31, 2024.

(2) Basis of preparation

Except for the following items, the consolidated financial statements have been prepared under the historical cost convention:
(a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.
(b) Financial assets at fair value through other comprehensive income.
(c) Defined benefit liabilities recognized based on the net amount of pension fund assets less present value of defined benefit obligation.
The preparation of financial statements in conformity with International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC interpretations endorsed and released by the FSC (collectively referred to herein as the “IFRSs”) requires the use of certain critical accounting estimates. It also requires the management to exercise its judgment in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

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(3) Basis of consolidation

Basis for preparation of the consolidated financial statements:

The basis for preparation of these consolidated financial statements is consistent with those for the preparation of consolidated financial statements for the year ended December 31, 2024.

Subsidiaries included in the consolidated financial statements:

Name of Investor Company Name of Subsidiary Major Operating Activities	Ownership (%)
	March 31, 2025 December 31, 2024 March 31, 2024
CyberLink Corp. CyberLink.com Corp. (CyberLink-USA) Sale of software CyberLink Corp. CyberLink International Technology Corp. (CyberLink-B.V.I) Investment activities CyberLink Corp. CyberLink Inc. (CyberLink-Japan) Sale of software	100% 100% 100% 100% 100% 100% 100% 100% 100%

Subsidiaries not included in the consolidated financial statements:

None.

Adjustments for subsidiaries with different balance sheet dates:

None.

Significant restrictions:

None.

Subsidiaries that have non-controlling interests that are material to the Group:

None.

(4) Employee benefits

Pension cost for the interim period is calculated on a year-to-date basis by using the pension cost rate derived from the actuarial valuation at the end of the prior financial year, adjusted for significant market fluctuations since that time and for significant curtailments, settlements, or other significant one-off events. Also, the related information is disclosed accordingly.

(5) Income tax

The income tax expense for the interim period is calculated by applying the estimated average effective tax rate for the full financial year applied to the pretax income of the interim period, and the related information is disclosed accordingly.

5. Critical Accounting Judgments, Estimates and Key Sources of Assumption Uncertainty

There have been no significant changes during the period; please refer to Note 5 of the consolidated financial statements for the year ended December 31, 2024.

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6. Details of Significant Accounts

(1) Cash

Cash on hand and revolving funds Checking accounts Demand deposits	March 31,2025 `$ 50` `102,472` `470,752` `$ 573,274`	December 31,2024 `$ 50` `101,438` `486,230` `$ 587,718`	March 31,2024
			`$ 50` `49,395` `352,952` `$ 402,397`

The Group transacts with a variety of financial institutions all with high credit quality to disperse credit risk, so it expects that the probability of counterparty default is remote.
The Group has no cash pledged to others.

(2) Current and non-current financial assets at fair value through profit or loss

Item Current items: Financial assets mandatorily measured at fair value through profit or loss Money market funds Valuation adjustment Non-current items: Financial assets mandatorily measured at fair value through profit or loss Private fund Unlisted stocks Subtotal Valuation adjustment	March 31,2025 `$ 40,134` `163` `$ 40,297` `$ 303,206` `22,994` `326,200` `( 72,747)` `$ 253,453`	December 31,2024 `$ 90,000` `30` `$ 90,030` `$ 298,179` `22,994` `321,173` `( 70,366)` `$ 250,807`	March 31,2024
			`$ 20,723` `125` `$ 20,848` `$ 288,441` `23,221` `311,662` `( 34,923)` `$ 276,739`

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

Three Months Ended March 31, 2025 2024 Financial assets mandatorily measured at fair value through profit or loss Private fund `($ 1,590) ($ 4,770)` Money market funds `267` `224` `($ 1,323)` `($ 4,546)`	Three Months Ended March 31,	Three Months Ended March 31,
	2025	2024
		`($ 4,770)` `224`
	`($ 1,323)`	`($ 4,546)`

The Group received part of invested cost from disposal of some investment target of an investee in the amount of $3,477 and $1,122 in March and October 2024, respectively; the Group received proceeds from capital reduction of an investee in the amount of $227 in July 2024.
The amount of dividend income recognized in profit or loss in relation to financial assets at fair value through profit or loss for the three months ended March 31, 2025 and 2024 was $0 and $4,922, respectively.
The Group has no financial assets at fair value through profit or loss pledged to others.
Information relating to credit risk of financial assets at fair value through profit or loss is provided in Note 12(2).

(3) Current financial assets at amortized cost

Item Current items: Time deposits with original maturity of more than three months	March 31,2025 `$ 1,917,878`	December 31,2024 `$ 1,696,883`	March 31,2024
			`$ 1,728,000`

Amounts recognized in profit or loss in relation to financial assets at amortized cost are listed below:

Interest income	Three Months Ended March 31,	Three Months Ended March 31,
	2025 `$ 19,402`	2024 `$ 22,249`

As at March 31, 2025, December 31, 2024 and March 31, 2024, without taking into account other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the financial assets at amortized cost held by the Group was $1,917,878, $1,696,883 and $1,728,000, respectively.
The Group has no financial assets at amortized cost pledged to others.

~16~

Information relating to credit risk of financial assets at amortized cost is provided in Note 12(2). The counterparties of the Group’s time deposit investment are financial institutions with high credit quality, so it expects that the probability of counterparty default is remote.

(4) Non-current Financial assets at fair value through other comprehensive income

Item Non-current items: Unlisted stocks Valuation adjustment	March 31,2025	December 31,2024	March 31,2024
	`$ 13,303` `( 13,055)` `$ 248`	`$ 13,198` `( 12,950)` `$ 248`	`$ 13,000` `( 12,752)` `$ 248`

The Group has elected to classify unlisted stock investments that are considered to be strategic investments as financial assets at fair value through other comprehensive income. The fair value of such investments as of March 31, 2025, December 31, 2024 and March 31, 2024 both amounted to $248.
As of March 31, 2025, December 31, 2024 and March 31, 2024, without taking into account other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the financial assets at fair value through other comprehensive income held by the Group was all $248.
The Group has no financial assets at fair value through other comprehensive income pledged to others.
Information relating to credit risk of financial assets at fair value through other comprehensive income is provided in Note 12(2).

(5) Accounts receivable

Accounts receivable Less: Loss allowance	March 31,2025	December 31,2024	March 31,2024
	`$ 164,112` `( 77,393)` `$ 86,719`	`$ 146,287` `( 77,393)` `$ 68,894`	`$ 114,837` `( 20,514)` `$ 94,323`

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

Not Past Due Past Due Up to 30 days 31 to 90 days Over 91 days	March 31,2025 `$ 78,317` `6,374` `1,885` `77,536` `$ 164,112`	December 31,2024 `$ 67,415` `1,132` `208` `77,532` `$ 146,287`	March 31,2024
			`$ 86,376` `23,804` `3,305` `1,352` `$ 114,837`

The above ageing analysis was based on past due date.

~17~

As of March 31, 2025, December 31, 2024 and March 31, 2024, accounts receivable were all from contracts with customers. Additionally, as of January 1, 2024, the balance of accounts receivable from contracts with customers amounted to $139,979.
As of March 31, 2025, December 31, 2024 and March 31, 2024, without taking into consideration other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the Group’s accounts receivable was $86,719, $68,894 and $94,323, respectively.
Information relating to credit risk of accounts receivable is provided in Note 12(2).
(6) Investments accounted for using the equity method

At January 1 Changes in capital surplus (Note 6(19)) Changes in other equity items (Note 6(21)) At March 31	Three Months Ended March 31,	Three Months Ended March 31,
	2025 `$ 1,634,165` `7,465` `22,237` `$ 1,663,867`	2024 `$ 1,501,661` `9,103` `61,452`
		`$ 1,572,216`

The basic information of the associate is as follows:

Shareholding ratio

CompanyName	Principal place of business	March 31,2025	December 31, 2024	March 31,2024	Nature of relationship Method of Measurement
Perfect Corp.(Cayman)	Cayman	`36.29%`	`36.29%`	`36.29%`	Investments accounted for using the equity method Equity method

The Group holds a 36.29% equity interest in Perfect Corp. (Cayman). Given that the Group appointed only one out of seven directors on the current Board of Directors of Perfect Corp. (Cayman), and the Perfect Corp. (Cayman)’s Articles of Incorporation set forth that there is no obligation to hold a shareholders’ meeting on a regular basis every year, the Group has no ability to dominate the relevant activities of Perfect Corp. (Cayman), and the Group has no control, but has significant influence, over Perfect Corp. (Cayman).
The fair value of the Group’s investments accounted for using equity method with publicly quoted market prices is as follows:

Perfect Corp.(Cayman)	March 31,2025	December 31,2024	March 31,2024
	`$ 2,215,590`	`$ 3,441,938`	`$ 2,933,222`

~18~

(7) Property, plant and equipment, net

==> picture [450 x 614] intentionally omitted <==

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

Three Months Ended March 31, 2025
Machinery
and Office Transportation
Land Buildings equipment equipment equipment Total
At January 1
Cost $ 319,968 $ 149,570 $ 26,315 $ 1,930 $ 1,054 $ 498,837
Accumulated
-
depreciation ( 55,610) ( 14,370) ( 1,608) ( 44) ( 71,632)
$ 319,968 $ 93,960 $ 11,945 $ 322 $ 1,010 $ 427,205
At January 1 $ 319,968 $ 93,960 $ 11,945 $ 322 $ 1,010 $ 427,205
Additions - 1,050 6,363 - - 7,413
Depreciation
expense - ( 1,746) ( 1,317) ( 50) ( 44) ( 3,157)
Net exchange
differences 6,054 1,308 9 10 - 7,381
At March 31 $ 326,022 $ 94,572 $ 17,000 $ 282 $ 966 $ 438,842
At March 31
Cost $ 326,022 $ 152,289 $ 32,790 $ 1,986 $ 1,054 $ 514,141
Accumulated
-
depreciation ( 57,717) ( 15,790) ( 1,704) ( 88) ( 75,299)
$ 326,022 $ 94,572 $ 17,000 $ 282 $ 966 $ 438,842
Three Months Ended March 31, 2024
Machinery
and Office Transportation
Land Buildings equipment equipment equipment Total
At January 1
Cost $ 323,421 $ 150,246 $ 24,277 $ 1,924 $ - $ 499,868
Accumulated
- -
depreciation ( 50,671) ( 14,884) ( 1,336) ( 66,891)
$ 323,421 $ 99,575 $ 9,393 $ 588 $ - $ 432,977
At January 1 $ 323,421 $ 99,575 $ 9,393 $ 588 $ - $ 432,977
Additions - - 2,212 - - 2,212
Depreciation
expense - ( 1,796)( 1,159) ( 76) - ( 3,031)
Net exchange
-
differences ( 2,696) ( 611) ( 5) ( 8) ( 3,320)
At March 31 $ 320,725 $ 97,168 $ 10,441 $ 504 $ - $ 428,838
At March 31
Cost $ 320,725 $ 149,503 $ 26,442 $ 1,922 $ - $ 498,592
Accumulated
- -
depreciation ( 52,335) ( 16,001) ( 1,418) ( 69,754)
$ 320,725 $ 97,168 $ 10,441 $ 504 $ - $ 428,838
----- End of picture text -----

~19~

(8) Leasing arrangements - lessee

The Group leases various assets including offices and transportation equipment. Rental contracts for the three months ended March 31, 2025 and 2024 were typically made for periods from 2023 to 2029 and from 2022 to 2026, respectively. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. Leased assets may neither be used as security for borrowing purposes nor have their rights transferred to others in other forms such as business transfer or combination.
Short-term leases with a lease term of 12 months or less comprise parking spaces rented by the Group in Taiwan and leased offices in the United States.
The information of right-of-use assets is as follows:

Three Months Ended March 31, 2025 Buildings Transportation equipment Total `$ 19,748 $ 2,904 $ 22,652` `( 6,169)` `( 1,452)` `( 7,621)` `$ 13,579` `$ 1,452` `$ 15,031` `$ 13,579 $ 1,452 $ 15,031` `( 1,391)` `( 242)` `( 1,633)` `$ 12,188` `$ 1,210` `$ 13,398` `$ 19,748 $ 2,904 $ 22,652` `( 7,560)` `( 1,694)` `( 9,254)` `$ 12,188` `$ 1,210` `$ 13,398` Three Months Ended March 31, 2024 Buildings Transportation equipment Total `$ 15,758 $ 2,904 $ 18,662` `( 3,354)` `( 484)` `( 3,838)` `$ 12,404` `$ 2,420` `$ 14,824` `$ 12,404 $ 2,420 $ 14,824` `6,751 - 6,751` `( 1,399)` `( 242)` `( 1,641)` `$ 17,756` `$ 2,178` `$ 19,934` `$ 22,509 $ 2,904 $ 25,413` `( 4,753)` `( 726)` `( 5,479)` `$ 17,756` `$ 2,178` `$ 19,934`	Three Months Ended March 31, 2025 Buildings Transportation equipment Total `$ 19,748 $ 2,904 $ 22,652` `( 6,169)` `( 1,452)` `( 7,621)` `$ 13,579` `$ 1,452` `$ 15,031` `$ 13,579 $ 1,452 $ 15,031` `( 1,391)` `( 242)` `( 1,633)` `$ 12,188` `$ 1,210` `$ 13,398` `$ 19,748 $ 2,904 $ 22,652` `( 7,560)` `( 1,694)` `( 9,254)` `$ 12,188` `$ 1,210` `$ 13,398` Three Months Ended March 31, 2024 Buildings Transportation equipment Total `$ 15,758 $ 2,904 $ 18,662` `( 3,354)` `( 484)` `( 3,838)` `$ 12,404` `$ 2,420` `$ 14,824` `$ 12,404 $ 2,420 $ 14,824` `6,751 - 6,751` `( 1,399)` `( 242)` `( 1,641)` `$ 17,756` `$ 2,178` `$ 19,934` `$ 22,509 $ 2,904 $ 25,413` `( 4,753)` `( 726)` `( 5,479)` `$ 17,756` `$ 2,178` `$ 19,934`	Three Months Ended March 31, 2025 Buildings Transportation equipment Total `$ 19,748 $ 2,904 $ 22,652` `( 6,169)` `( 1,452)` `( 7,621)` `$ 13,579` `$ 1,452` `$ 15,031` `$ 13,579 $ 1,452 $ 15,031` `( 1,391)` `( 242)` `( 1,633)` `$ 12,188` `$ 1,210` `$ 13,398` `$ 19,748 $ 2,904 $ 22,652` `( 7,560)` `( 1,694)` `( 9,254)` `$ 12,188` `$ 1,210` `$ 13,398` Three Months Ended March 31, 2024 Buildings Transportation equipment Total `$ 15,758 $ 2,904 $ 18,662` `( 3,354)` `( 484)` `( 3,838)` `$ 12,404` `$ 2,420` `$ 14,824` `$ 12,404 $ 2,420 $ 14,824` `6,751 - 6,751` `( 1,399)` `( 242)` `( 1,641)` `$ 17,756` `$ 2,178` `$ 19,934` `$ 22,509 $ 2,904 $ 25,413` `( 4,753)` `( 726)` `( 5,479)` `$ 17,756` `$ 2,178` `$ 19,934`
Buildings `$ 15,758` `( 3,354)`	Transportation equipment `$ 2,904` `( 484)` `$ 2,420` `$ 2,420` `-` `( 242)` `$ 2,178` `$ 2,904` `( 726)` `$ 2,178`
		`$ 18,662` `( 3,838)`
`$ 12,404`		`$ 14,824`
`$ 12,404` `6,751` `( 1,399)`		`$ 14,824` `6,751` `( 1,641)`
`$ 17,756`		`$ 19,934`
`$ 22,509` `( 4,753)`		`$ 25,413` `( 5,479)`
`$ 17,756`		`$ 19,934`

~20~

4. Lease liabilities relating to lease contracts:

March 31,2025 Total lease liabilities `$ 13,843` Less: Current portion (shown as ‘current lease liabilities’) `( 6,789)` `$ 7,054`	December 31, 2024 March 31,2024 `$ 15,378 $ 20,303` `( 6,646)` `( 6,576)` `$ 8,732` `$ 13,727`	March 31,2024

The information on profit and loss accounts relating to lease contracts is as follows:

Items affecting profit or loss Interest expense on lease liabilities Expense on short-term lease contracts	Three Months Ended March 31,	Three Months Ended March 31,
	2025 `$ 57` `538` `$ 595`	2024
		`$ 58` `475` `$ 533`

For the three months ended March 31, 2025 and 2024, the Group’s total cash outflow for leases was $2,130 and $2,301, respectively, which included expenses on short-term lease contracts of $538 and $475, interest expenses on lease liabilities of $57 and $58, and payments of lease liabilities of $1,535 and $1,768, respectively.
Please refer to Note 7 for the office leases with related parties.

(9) Leasing arrangements - lessor

1. Leases to unrelated parties

The Group leases various assets including two short sections numbered 229 in Xihu Section in Neihu District of Taipei; 1F to-9F., of Building-B of “Sun-Tech Plaza” located in Neihu District of Taipei. Rental contracts are typically made for a period between 1 and 10 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. To protect the lessor’s ownership rights on the leased assets, leased assets may neither be used as security for borrowing purposes nor, in all or in part, be lent to others or corporates through sublease, sharing, transfer or any other form.

Leases to related parties

The Group leases assets including the offices on the 6F and 14F of the “Jiang-Ling Information” Building located in Xindian District of New Taipei City, and an office in Minato, Tokyo, Japan. Rental contracts are typically made for periods of 1 to 2 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. To protect the lessor’s ownership rights over the leased assets, leased assets may neither be used as security for borrowing purposes nor, in all or in part, be lent to others or corporations through sublease, sharing, transfer or any other form. Rents are collected at the beginning of the next month.

For the three months ended March 31, 2025 and 2024, the Group recognized rent income in the amounts of $18,518 and $17,560, respectively, based on the lease contracts above,

~21~

and there was no variable lease payments.

The maturity analysis of the lease payments receivable under the operating leases is as follows:

follows:
Within 1 year 2026 2027 2028 2029 2030 Within 1 year 2025 2026 2027 2028 2029 2030	December 31,2024	March 31, 2025
		`$ 50,180` `59,126` `39,436` `28,434` `20,436` `1,449` `$ 199,061` March 31,2024
	`$ -` `66,916` `57,362` `39,289` `28,434` `20,436` `1,449` `$ 213,886`	`$ 41,810` `36,371` `31,815` `18,009` `14,596` `9,817` `-` `$ 152,418`

(10) Investment property

Three Months Ended March 31, 2025

Land	Buildings	Total
`$ 799,024` `-`	`$ 593,470` `( 188,853)` `$ 404,617` `$ 404,617` `( 2,909)` `$ 401,708` `$ 593,470` `( 191,762)` `$ 401,708`	`$ 1,392,494` `( 188,853)` `$ 1,203,641` `$ 1,203,641` `( 2,909)` `$ 1,200,732` `$ 1,392,494` `( 191,762)` `$ 1,200,732`
`$ 799,024`
`$ 799,024` `-`
`$ 799,024`
`$ 799,024` `-`
`$ 799,024`

~22~

Three Months Ended March 31, 2024

Land	Buildings	Total
`$ 799,024` `-` `$ 799,024` `$ 799,024` `-` `$ 799,024` `$ 799,024` `-` `$ 799,024`	`$ 593,470` `( 177,217)`	`$ 1,392,494` `( 177,217)` `$ 1,215,277` `$ 1,215,277` `( 2,909)` `$ 1,212,368` `$ 1,392,494` `( 180,126)` `$ 1,212,368`
	`$ 416,253`
	`$ 416,253` `( 2,909)`
	`$ 413,344`
	`$ 593,470` `( 180,126)`
	`$ 413,344`

Rental income from investment property and direct operating expenses arising from investment property are shown below:

Rental income from investment property Direct operating expenses arising from the investment property that generated rental income during the period Direct operating expenses arising from the investment property that did not generate rental income during the period	Three Months Ended March 31,
	2025 2024
	`$ 17,886` `$ 16,939` `$ 4,019` `$ 3,675` `$ -` `$ 195`

The fair values of the investment property held by the Group as of March 31, 2025, December 31, 2024 and March 31, 2024 were $2,494,270, $2,494,270 and $2,188,314, respectively, and were estimated based on market trading prices of similar properties in the nearby areas which belong to Level 3 information.

(11) Accounts payable

Royalty expense Others	March 31,2025 `$ 26,961` `941` `$ 27,902`	December 31,2024 `$ 28,837` `1,279` `$ 30,116`	March 31,2024
			`$ 31,638` `11,017` `$ 42,655`

~23~

(12) Other payables

(12)	Other payables	Other payables
(13) (14)	March 31,2025 December 31,2024 Promotional fees `$ 152,892 $ 141,755` Employees’ compensation and directors’ remuneration`114,626 109,841` Payroll `56,443 110,608` Royalty collection `20,802 20,539` Employees’ rewards `15,095 9,380` Professional service fees `11,960 11,377` Payables for equipment `2,541 271` Other accrued expenses `33,518 28,281` Other payables `5,523` `2,119` `$ 413,400` `$ 434,171` Other current liabilities March 31,2025 December 31,2024 Refund liability `$ 37,900 $ 32,317` Current provisions of liabilities `21,589 -` Others `6,004` `4,133` `$ 65,493` `$ 36,450` Provisions Three Months Ended March Royalty Cost of software bug-fixing At January 1 `$ 325,046 $ 7,373` Additional provisions `- 143` Net exchange differences `4,164` `-` At March 31 `$ 329,210` `$ 7,516` Three Months Ended March Royalty Cost of software bug-fixing At January 1 `$ 344,753 $ 6,515` Additional provisions `- 229` Provision for liabilities used in the current period `( 14,074) -` Unused amounts reversed `( 9,858) -` Net exchange differences `14,482` `-` At March 31 `$ 335,303` `$ 6,744`		December 31,2024 `$ 141,755` `109,841` `110,608` `20,539` `9,380` `11,377` `271` `28,281` `2,119` `$ 434,171` December 31,2024		March 31,2024 `$ 96,600` `87,241` `47,157` `20,044` `13,240` `11,847` `199` `32,334` `3,396` `$ 312,058` March 31,2024
					`$ 39,586` `-` `4,664` `$ 44,250` 31, 2025 Total `$ 332,419` `143` `4,164` `$ 336,726` 31, 2024 Total `$ 351,268` `229` `( 14,074)` `( 9,858)` `14,482` `$ 342,047`


		Royalty `$ 325,046` `-` `4,164`		Cost of software bug-fixing `$ 7,373` `143` `-`
		`$ 329,210`		`$ 7,516`
		Three Months Ended March
		Royalty Cost of software bug-fixing `$ 344,753 $ 6,515` `- 229` `( 14,074) -` `( 9,858) -` `14,482` `-`
		`$ 335,303`		`$ 6,744`

~24~

Analysis of total provisions:

Current Non-current	March 31,2025 `$ 21,589` `315,137` `$ 336,726`	December 31,2024 `$ -` `332,419` `$ 332,419`	March 31,2024
			`$ -` `342,047` `$ 342,047`

1. Royalty

The Group estimates the possible royalty expenses based on the industry characteristics, other known events and management’s judgment, and recognizes such expenses within the ‘cost of goods sold’ when related products are sold. Any changes in industry circumstances might affect the provision for royalty liabilities. Provisions shall be paid when the patent owner claims payment or shall be paid after negotiation.

2. Cost of software bug-fixing

The Group provides software bug-fixing for programs for free from time to time. The Group estimates relevant debug-fixing costs and liabilities and accounts for it as common product warranty obligations.

(15) Other non-current liabilities

her non-current liabilities
Accrued pension liabilities Guarantee deposits received	March 31,2025 `$ 54,966` `10,788` `$ 65,754`	December 31,2024 `$ 54,905` `10,788` `$ 65,693`	March 31,2024
			`$ 55,145` `10,183` `$ 65,328`

(16) Pensions

(a) The Company has a defined benefit pension plan in accordance with the Labor Standards Act, covering all regular employees’ service years prior to the enforcement of the Labor Pension Act on July 1, 2005, and service years thereafter of employees who chose to continue to be subject to the pension mechanism under the Act. Under the defined benefit pension plan, two units are accrued for each year of service for the first 15 years and one unit for each additional year thereafter, subject to a maximum of 45 units. Pension benefits are based on the number of units accrued and the average monthly salaries and wages of the last 6 months prior to retirement. The Company contributes monthly an appropriate portion of the employees’ monthly salaries and wages to the retirement fund deposited with the Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, the Company assesses the balance in the aforementioned labor pension reserve account by December 31 every year. If the account balance is insufficient to pay the pension calculated by the aforementioned method to the employees expected to qualify for retirement in the following year, the Company will make contributions for the deficit by the following March.
(b) For the three months ended March 31, 2025 and 2024, the pension costs recognized by the Company in accordance with the pension measures above were $301 and

~25~

$327, respectively.

  - (c) Expected contributions to the defined benefit pension plans of the Company for the year ending December 31, 2025, amount to $960.

(a) Effective July 1, 2005, the Company has established a defined contribution pension plan (the “New Plan”) under the Labor Pension Act (the “Act”), covering all regular employees with R.O.C. nationality. Under the New Plan, the Company contributes monthly an amount based on 6% of the employees’ monthly salaries and wages to the employees’ individual pension accounts at the Bureau of Labor Insurance. The benefits accrued are paid monthly or in a lump sum upon termination of employment.
- (b) The pension costs under defined contribution pension plans of the Company for the three months ended March 31, 2025 and 2024 were $7,633 and $6,988, respectively.
- (c) The pension costs under local pension regulations of the foreign subsidiaries for the three months ended March 31, 2025 and 2024 were $754 and $752, respectively.
(17) Share-based payment
As of March 31, 2025, December 31, 2024 and March 31, 2024, the Company’s sharebased payment arrangements were as follows:

		Quantity
Type of		granted	Contract
arrangement	Grant date	(in thousands)	period	Vesting conditions
Employee stock	July 26, 2022	2,000	7 years	2 years’ service: exercise 50%
options				3 years’ service: exercise 75%
				4 years’ service: exercise 100%

Details of the share-based payment arrangements are as follows:

Details of the share-based	payment arrangements are as follows:	payment arrangements are as follows:
Options outstanding at January 1 Options exercised Options outstanding at March 31 Options exercisable at March 31	Three Months Ended March 31,
	2025	2024 No. of options (in thousands) Weighted – average exercise price (in dollars) `2,000 $ 85.70` `-` `-` `2,000` `85.70` `-`
	No. of options (in thousands) Weighted – average exercise price (in dollars)
	`1,938 $ 83.30` `( 140)` `83.30` `1,798` `83.30` `821`

The weighted-average stock price of stock options at exercise dates for the three months ended March 31, 2025 and 2024 were $83.30 and $0 (in dollars), respectively.
As of March 31, 2025, December 31, 2024, and March 31, 2024, the range of exercise prices of stock options outstanding was $83.30, $83.30 and $85.70 (in dollars), respectively; the weighted-average remaining contractual period was 4.32 years, 4.57 years and 5.32 years, respectively.

~26~

The fair value of stock options granted on the grant date is measured using the BlackScholes option pricing model. Relevant information is as follows:

				Expected
Type of		Stock price (in	Exercise price	price	Expected	Expected	Risk-free	Fair value per
arrangement	Grant date	dollars)	(in dollars)	volatility	option life	dividends	interest rate	unit (in dollars)
Employee stock options	July 26, 2022	`$ 89.5`	`$ 89.5`	`32.10%`	`4.88`	`0.00%`	`1.06%`	`$26.4355`

Note: The expected volatility is estimated by taking into account the historical trading data (days) of the Company’s shares and using a sample interval equal to the expected duration of the stock option.

Expenses arising from share-based payment transactions are as follows:

Cost of employee stock options	Three Months Ended March 31,	Three Months Ended March 31,
	2025	2024
	`$ 1,884`	`$ 5,187`

(18) Capital Stock

As of March 31, 2025, the Company’s authorized capital was $1,610,000, consisting of 161,000 thousand shares of ordinary stock (including 21,000 thousand shares reserved for employee stock options), and the paid-in capital was $790,988 with a par value of $10 (in dollars) per share. All proceeds from shares issued have been collected.

Movements in the number (shares in thousands) of the Company’s ordinary shares outstanding are as follows:

At January 1 Exercise of employee stock options At March 31		Three Months Ended March 31, 2025 2024 `78,959` `78,942` `140` `-` `79,099` `78,942`
		2025
		`78,959` `140` `79,099`

(19) Capital surplus

Pursuant to the R.O.C. Company Act, capital surplus arising from paid-in capital in excess of par value on issuance of common stocks and donations can be used to cover accumulated deficit or to issue new stocks or cash to shareholders in proportion to their share ownership, provided that the Company has no accumulated deficit. Further, the R.O.C. Securities and Exchange Act requires that the amount of capital surplus to be capitalized as mentioned above should not exceed 10% of the paid-in capital each year. Capital surplus should not be used to cover accumulated deficit unless the legal reserve is insufficient.

~27~

Three Months Ended March 31, 2025	Three Months Ended March 31, 2025	Three Months Ended March 31, 2025
Share premium Employee stock options	Expired employee stock options in proportion to the Group’s ownership Net change in equity of associates
	`$ 60,144` `-` `-` `-` `$ 60,144`	`$ 2,096,884` `-` `-` `7,465`
`$ 108,528` `$ 41,853`		`$ 2,104,349`

Three Months Ended March 31, 2024	Three Months Ended March 31, 2024	Three Months Ended March 31, 2024
Share premium Employee stock options	Expired employee stock options in proportion to the Group’s ownership Net change in equity of associates
	`$ 60,144` `-` `-` `$ 60,144`	`$ 2,064,493` `-` `9,103`
`$ 92,937` `$ 35,049`		`$ 2,073,596`

(20) Retained earnings

Under the Company’s Articles of Incorporation, the current year’s earnings, net of tax, shall first be used to offset prior year’s operating losses (including the adjustment amount of undistributed earnings), then 10% of the remaining amount shall be set aside as legal reserve until the legal reserve equals the total capital stock balance, and setting aside or reversal for special reserve shall be made in accordance with the Securities and Exchange Act. The Board of Directors should present the distribution of the remaining earnings along with undistributed earnings at the beginning of the periods (including adjustment amount of undistributed earnings) for the approval of the shareholders.
The Company’s dividend policy is aligned with the development plan for the present and the future taking into consideration investment environment, capital requirement, domestic and overseas competition condition and profit of shareholders. Annual distribution of stockholders’ bonus should not be less than 50% of current distributable earnings, and may be in the form of stock dividend and cash dividend. Presently, the distribution of cash dividend should not be less than 20% of annual dividend appropriations, however, if the Company has significant plans for capital expenditures, after approval at the shareholders’ meeting, cash dividends can be distributed lower than 20% of annual dividends appropriations.

~28~

Except for covering accumulated deficit or issuing new stocks or cash to shareholders in proportion to their share ownership, the legal reserve shall not be used for any other purpose. The use of legal reserve for the issuance of stocks or cash to shareholders in proportion to their share ownership is permitted, provided that the balance of the reserve exceeds 25% of the Company’s paid-in capital.
In accordance with the regulations, the Company shall set aside special reserve from the debit balance on other equity items at the balance sheet date before distributing earnings. When the debit balance on other equity items is reversed subsequently, the reversed amount could be included in the distributable earnings.
5.(a) On March 26, 2025, the appropriation of the 2024 earnings was approved by the Board of Directors’ meeting, and on June 19, 2024, the appropriation of the 2023 earnings was resolved at the shareholders’ meeting, and the details are as follows:

Legal reserve (Reversed) Provision of special reserve Cash dividends	Year ended December 31
	2024 2023
	Amount Dividends per share (in dollars) Amount Dividends per share (in dollars)
	`$ -` `$ -` `( 130,667)` `16,002` `308,485 $ 3.90 221,037 $ 2.80`

(b) As of April 29, 2025, the aforementioned appropriation of the 2024 earnings proposal has not yet been resolved by the shareholders’ meeting.
(c) The Company’s legal reserve had exceeded paid-in capital, thus, according to laws, the Company could not appropriate the legal reserve. When the Company appropriated earnings for the year ended December 31, 2024 and 2023, it determined not to provide legal reserve.

(21) Other equity items

Three Months Ended March 31, 2025	Three Months Ended March 31, 2025	Three Months Ended March 31, 2025
Unrealized gains (losses) on valuation	Currency translation Total
`($ 12,295)` `-` `-` `($ 12,295)`	`($ 43,341)` `21,748` `22,237` `$ 644`	`($ 55,636)` `21,748` `22,237`
		`($ 11,651)`

~29~

Three Months Ended March 31, 2024

At January 1 Currency translation: - Group - Associates At March 31	Unrealized gains (losses) on valuation	Currency translation Total	Currency translation Total
	`($ 12,295)` `-` `-` `($ 12,295)`	`($ 174,008)` `18,033` `61,452`	`($ 186,303)` `18,033` `61,452` `($ 106,818)`
		`($ 94,523)`

(22) Net revenue

Revenue from contracts with customers	Three Months	Ended March 31,
	2025	2024
	`$ 571,525`	`$ 492,114`

1. Disaggregation of revenue from contracts with customers

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

	regions:	regions:
Three Months Ended	Taiwan America		Japan
March 31, 2025 Revenue from contracts with customers Timing of revenue recognition At a point in time Over time Three Months Ended
March 31, 2024 Revenue from contracts with customers Timing of revenue recognition At a point in time Over time
	`$ 11,962` `$ 9,635` `$ 2,307 $ 8,488` `9,655` `1,147` `$ 11,962` `$ 9,635`	`$ 260,843` `$ 44,112`	`$ 67,452` `$ 52,010`	`$ 28,249` `$ 17,851` `$ 492,114` `$ 8,369 $ 15,547 $ 216,516` `19,880` `2,304` `275,598` `$ 28,249` `$ 17,851` `$ 492,114`
		`$ 65,933 $ 41,236` `194,910` `2,876`	`$ 24,174 $ 50,462` `43,278` `1,548`
		`$ 260,843` `$ 44,112`	`$ 67,452` `$ 52,010`

~30~

Contract liabilities:
(a) The Group has recognized the following revenue-related contract liabilities:

		December 31,
	March 31, 2025	2024	March 31, 2024	January 1, 2024
Advance sales
receipts	`$ 483,698`	`$ 435,006`	`$ 392,603`	`$ 362,766`

(b) Revenue recognized that was included in the contract liability balance at the beginning of the year

Three Months Ended March 31, 2025 2024 Revenue recognized that was included in the contract liabilities balance at the beginning of the year Advance sales receipts $ 193,466 $ 163,176

(23) Operating costs

Three Months Ended March 31,

Service cost of platform Royalty cost Cost of goods sold Others	2025 `$ 54,118` `25,411` `4,081` `143` `$ 83,753`	2024
		`$ 50,502` `15,160` `3,935` `229`
		`$ 69,826`

(24) Interest income

Interest income from financial assets measured at amortized cost Bank deposits	Three Months Ended March 31,	Three Months Ended March 31,
	2025	2024
	`$ 19,402` `18`	`$ 22,249` `9` `$ 22,258`
	`$ 19,420`

~31~

(25) Other income

Three Months Ended March 31,

Rental income Dividend income Grant income Service revenue Other income - others	2025	2024
	`$ 18,518` `-` `669` `300` `391` `$ 19,878`	`$ 17,560` `4,922` `676` `403` `382`
		`$ 23,943`

(26) Other gains or losses

r gains or losses
Currency exchange gains Net (losses) gains on financial assets at fair value through profit or loss Depreciation expenses on investment property Others	Three Months Ended March 31,
	2025	2024
	`$ 20,662` `( 1,323)` `( 2,909)` `( 1,077)` `$ 15,353`	`$ 48,005` `( 4,546)` `( 2,909)` `( 910)`
		`$ 39,640`

(27) Financial costs

ncial costs
Interest expense - lease liabilities s and expenses by nature Employee benefit expenses Promotional fees Service cost of platform Royalty cost Professional service fees Expected credit loss Cost of goods sold Depreciation of property, plant and equipment Product expenses Depreciation of right-of-use assets Others Total cost of sales and operating expenses	Three Months Ended March 31,
	2025	2024
	`$ 57` `$ 58` Three Months Ended March 31, 2025 2024 `$ 252,554 $ 224,924` `116,591 91,633` `54,118 50,502` `25,411 15,160` `16,798 15,750` `- 20,514` `4,081 3,935` `3,157 3,031` `2,981 2,373` `1,633 1,641` `26,881` `28,223` `$ 504,205` `$ 457,686`

	2025
	`$ 252,554` `116,591` `54,118` `25,411` `16,798` `-` `4,081` `3,157` `2,981` `1,633` `26,881` `$ 504,205`

(28) Costs and expenses by nature

~32~

(29) Employee benefit expenses

Wages and Salaries Insurance fees Pension costs Cost of employee stock options Directors’ remuneration Other personnel expenses	Three Months Ended March 31, 2025 2024 `$ 217,099 $ 188,926` `16,623 15,020` `8,991 8,067` `1,884 5,187` `3,031 2,874` `4,926` `4,850` `$ 252,554` `$ 224,924`
	2025
	`$ 217,099` `16,623` `8,991` `1,884` `3,031` `4,926`
	`$ 252,554`

In accordance with the Articles of Incorporation of the Company, a ratio of the distributable profit of the current year, after covering accumulated losses, shall be distributed as employees’ compensation and directors’ remuneration. The ratio shall not be lower than 3.0% for employees’ compensation and shall not be higher than 1.5% for directors’ remuneration.
For the three months ended March 31, 2025 and 2024, employees’ compensation and directors’ remuneration recognized in salary expenses were accrued as follows:

Employees’ compensation Directors’ remuneration	Three Months Ended March 31,
	2025 2024
	`$ 22,860 $ 15,440` `2,150` `1,991`
	`$ 25,010` `$ 17,431`

For the three months ended March 31, 2025 and 2024, employees’ compensation was estimated and accrued at 15.95% and 11.31%, respectively, of the distributable profit for the current period, and the directors’ remuneration was estimated and accrued at 1.50% and 1.46%, respectively, of the distributable profit for the current year as of the end of the reporting period.

The employees’ compensation and directors’ remuneration for 2024, as resolved by the Board of Directors on February 27, 2025, were consistent with the amounts recognized in the 2024 financial statements. The employees’ compensation will be distributed in cash. As of March 31, 2025, compensation to employees has been partially paid.

Information about employees’ compensation and directors’ remuneration of the Company as resolved by the Board of Directors will be posted in the “Market Observation Post System” at the website of the Taiwan Stock Exchange.

~33~

(30) Income tax

1. Income tax expenses

	Three Months Ended March	Three Months Ended March	31,
	2025	2024
Current income tax:
Current income tax expense recognized for the
current period	`$ 19,559`	`$ 13,211`
Total current income tax	`19,559`	`13,211`
Deferred income tax:
Origination and reversal of temporary
differences	`53`		`7,448`
Total deferred income tax	`53`		`7,448`
Income tax expense recognized in profit or
loss	`$ 19,612`	`$ 20,659`

The Company’s income tax returns through 2022 have been assessed and approved by the Tax Authority.

~34~

(31) Earnings per share (EPS)

Basic earnings per share Profit attributable to ordinary shareholders of the parent company Diluted earnings per share Profit attributable to ordinary shareholders of the parent company Assumed conversion of all dilutive potential ordinary shares Employees’ stock options Employees’ compensation Profit attributable to ordinary shareholders of the parent company plus assumed conversion of all dilutive potential ordinary shares Basic earnings per share Profit attributable to ordinary shareholders of the parent company Diluted earnings per share Profit attributable to ordinary shareholders of the parent company Assumed conversion of all dilutive potential ordinary shares Employees’ stock options Employees’ compensation Profit attributable to ordinary shareholders of the parent company plus assumed conversion of all dilutive potential ordinary shares	Three Months Ended March 31, 2025
	Amount after tax Outstanding shares (share in thousands) Earnings per share (EPS) (NT$)
	`$ 102,302` `79,027` `$ 1.29`
	`$ 102,302 79,027` `- 577` `-` `656` `$ 102,302` `80,260` `$ 1.27`
	Three Months Ended March 31, 2024
	Amount after tax Outstanding shares (share in thousands) Earnings per share (EPS) (NT$)
	`$ 99,552` `78,942` `$ 1.26`
	`$ 99,552 78,942` `- 104` `-` `723` `$ 99,552` `79,769` `$ 1.25`

~35~

(32) Changes in liabilities from financing activities

At January 1 Changes in cash flow from financing activities At March 31	Three Months Ended March 31, 2025
	Guarantee deposits received Lease liabilities (including current portion) Liabilities from financing activities- gross
	`$ 10,788 $ 15,378 $ 26,166` `-` `( 1,535)` `( 1,535)`
	`$ 10,788` `$ 13,843` `$ 24,631`

Three Months Ended March 31, 2024	Three Months Ended March 31, 2024	Three Months Ended March 31, 2024
Guarantee deposits received	Lease liabilities (including current portion)	Liabilities from financing activities-gross
`$ 10,183` `-` `-` `$ 10,183`	`$ 15,320` `( 1,768)` `6,751`	`$ 25,503` `( 1,768)` `6,751` `$ 30,486`
	`$ 20,303`

(33) Supplemental cash flow information

Investment activities involving partial cash payments only:

Purchase of property, plant and equipment Plus: Beginning balance for payables for equipment Less: Ending balance for payables for equipment Cash paid in the period	Three Months Ended March 31,	Three Months Ended March 31,
	2025	2024
	`$ 7,413` `258` `( 2,420)`	`$ 2,212` `3,173` `( 190)`
	`$ 5,251`	`$ 5,195`

~36~

7. Related-Party Transactions

(1) Names of related parties and relationship

Names of related parties Relationship with the Group Perfect Corp.(Cayman) Associates Associates (Subsidiary of Perfect Perfect Mobile Corp. (Taiwan) Corp.(Cayman)) Perfect Corp.(Japan) “ ClinJeff Corp. Other related parties

(2) Significant related party transactions and balances

1. Other receivables

March 31, 2025	December 31, 2024	March 31, 2024
`$ 300` `661` `719` `1,380` `600` `125` `725` `$ 2,405`	`$ 175`	`$ 403`
	`661` `677`	`661` `683`
	`1,338`	`1,344`
	`532` `95`	`398` `48`
	`627`	`446`
	`$ 2,140`	`$ 2,193`

The Group provides legal, management and technical-related services to associates, and expenses were charged in accordance with the personnel costs related to the services that the Group provided. Service revenues for the three months ended March 31, 2025 and 2024 were as follows:

were as follows:
Service revenue (shown as other income): Perfect Mobile Corp. (Taiwan)	Three Months Ended March 31,
	2025	2024
	`$ 300`	`$ 403`

~37~

2. Rental income (shown as other income)

Three Months Ended March 31,

Perfect Mobile Corp. (Taiwan) Perfect Corp.(Japan)	2025	2024
	$ 1,894 633 $ 2,527	$ 1,894 622 $ 2,516

The maturity analysis of lease payments receivable from operating leases is presented below. For related details, please refer to Note 6(9).

Within 1 year Within 1 year 2025	December 31, 2024	March 31, 2025 `$ 1,959` March 31, 2024
	`$ -` `3,848` `$ 3,848`	`$ 5,667` `3,848`
		`$ 9,515`

3. Lease transactions - lessee

(a) The Group has leased an office from ClinJeff Corp. since February 2024, and the lease period is from May 2024 to April 2029, with the present value of cash payments being $6,751, calculated using the abovementioned lease period and discount rate. As of March 31, 2025, the accumulated depreciation recognized was $1,238.
(b) Total lease liabilities
(i) Ending balance

tal lease liabilities Ending balance
ClinJeff Corp.	March 31, 2025	December 31, 2024	March 31, 2024
	`$ 5,671`	`$ 5,882`	`$ 6,868`

(ii) Interest expenses:

) Interest expenses:
ClinJeff Corp.	Three Months Ended March 31,
	2025	2024
	`$ 23`	`$ 2`

~38~

(3) Key management Salary information

Short-term employee benefits Post-employment benefits	Three Months Ended March 31,	Three Months Ended March 31,
	2025	2024
	`$ 14,252` `200` `$ 14,452`	`$ 13,901` `177`
		`$ 14,078`

8. Pledged Assets

None.

9. Significant Contingent Liabilities and Unrecognized Contract Commitments

(1) Contingencies

None.

(2) Commitments

Except for those mentioned in Notes 6(8), 6(9) and 7, the Group has no other significant commitments.

10. Significant Disaster Loss

None.

11. Significant Events after the balance sheet date

None.

12. Others

(1) Capital management

The Group’s objectives of capital management are to ensure the Group’s sustainable operation and to maintain an optimal capital structure to reduce the cost of capital, and to provide returns for shareholders. In order to maintain or adjust an optimal capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, or issue new shares.

~39~

(2) Financial instruments

1. Financial instruments by category

		December 31,
	March 31, 2025	2024	March 31, 2024
Financial assets
Financial assets at fair value
through profit or loss
Financial assets mandatorily
measured at fair value
through profit or loss
(including current and non-
current)	`$ 293,750`	`$ 340,837`	`$ 297,587`
Financial assets at fair value
through other comprehensive
income
Designation of equity
instrument	`$ 248`	`$ 248`	`$ 248`
Financial assets at amortized cost
Cash and cash equivalents	`$ 573,274`	`$ 587,718`	`$ 402,397`
Current financial assets at
amortized cost	`1,917,878`	`1,696,883`	`1,728,000`
Accounts receivable	`86,719`	`68,894`	`94,323`
Other receivables (including
related parties)	`6,102`	`6,097`	`7,769`
Guarantee deposits paid
(recognized under other non-
current assets)	`5,026`	`5,429`	`7,187`
	`$ 2,588,999`	`$ 2,365,021`	`$ 2,239,676`
Financial liabilities
Financial liabilities at amortized
cost
Accounts payable	`$ 27,902`	`$ 30,116`	`$ 42,655`
Other payables	`413,400`	`434,171`	`312,058`
Guarantee deposits received
(recognized under other non-
current liabilities)	`10,788`	`10,788`	`10,183`
	`$ 452,090`	`$ 475,075`	`$ 364,896`
Lease liabilities (including
current and non-current)	`$ 13,843`	`$ 15,378`	`$ 20,303`

~40~

Risk management policies
(a) The Group’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk and interest rate risk), credit risk and liquidity risk.
(b) Risk management is executed by the Group’s treasury department under the policies approved by the Board of Directors. Group treasury identifies, evaluates and hedges financial risks in close co-operation with the Group’s operating units. The Board of Directors provides written principles for overall risk management, as well as written policies covering specific areas and matters, such as foreign exchange risk, interest rate risk, credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment of excess liquidity.
Significant financial risks and degrees of financial risks
(a) Market risk

Foreign exchange risk

(i) The Group operates internationally and is exposed to exchange rate risk arising from transactions conducted by the Company and its subsidiaries in various functional currencies, primarily with USD and JPY. Foreign exchange risk arises from future commercial transactions and recognized assets and liabilities.
(ii) The Group’s business involves some non-functional currency operations (the Company’s functional currency: NTD; other certain subsidiaries’ functional currency: USD and JPY). Significant financial assets and liabilities denominated in foreign currencies are as follows:

March 31, 2025	Three Months Ended March 31, 2025
Currency Foreign currency amount (in thousands) Exchange rate Book value (NTD)	Sensitivity analysis
	Degree of variation Effect on profit or loss Effect on other comprehensive income
Financial assets Monetary items USD:NTD `$ 53,204` `33.21 $ 1,766,905` EUR:NTD `283` `35.97 10,180` GBP:NTD `47` `43.05 2,023` USD:JPY `472 149.12 15,675` Non-monetary items USD:NTD `51,359` `33.21 1,705,640` Financial liabilities Monetary items USD:NTD `474 33.21 15,742` USD:JPY `600 149.12 19,926`	`1% $ 17,669` `$ -` `1% 102` `-` `1% 20` `-` `1% 157` `-` `1% 418` `16,639` `1% 157` `-` `1% 199` `-`

~41~

December 31, 2024	Year ended December 31, 2024
Currency Foreign currency amount (in thousands) Exchange rate Book value (NTD)	Sensitivity analysis
	Degree of variation Effect on profit or loss Effect on other comprehensive income
Financial assets Monetary items USD:NTD `$ 48,906 32.79 $ 1,603,628` EUR:NTD `226 34.14 7,716` GBP:NTD `50 41.19 2,060` USD:JPY `236 156.22 7,738` Non-monetary items USD:NTD `61,941 32.79 2,031,031` Financial liabilities Monetary items USD:NTD `407 32.79 13,346` USD:JPY `565 156.22 18,526` March 31, 2024	`1% $ 16,036` `$ -` `1% 77` `-` `1% 21` `-` `1% 77` `-` `1% 418` `19,893` `1% 133` `-` `1% 185` `-` Three Months Ended March 31, 2024
Currency Foreign currency amount (in thousands) Exchange rate Book value (NTD)	Sensitivity analysis
	Degree of variation Effect on profit or loss Effect on other comprehensive income
Financial assets Monetary items USD:NTD `$ 49,202 32.00 $ 1,574,464` EUR:NTD `278 34.46 9,580` GBP:NTD `2 40.39 81` USD:JPY `404 151.30 12,928` Non-monetary items USD:NTD `50,445 32.00 1,614,216` Financial liabilities Monetary items USD:NTD `665 32.00 21,280` USD:JPY `606 151.30 19,392`	`1% $ 15,745` `$ -` `1% 96` `-` `1% 1` `-` `1% 129` `-` `1% 420` `15,722` `1% 213` `-` `1% 194` `-`

The total exchange gains, including realized and unrealized, arising from significant effects of foreign exchange fluctuation on the monetary items held by the Group for the three months ended March 31, 2025 and 2024 were $20,662 and $48,005, respectively.

~42~

Price risk

(i) The Group’s equity and debt instruments, which are exposed to price risk, are the financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income. To manage its price risk arising from investments in equity and debt instruments, the Group diversifies its portfolio. Diversification of the portfolio is done in accordance with the limits set by the Group.
(ii) The Group mainly invests in unlisted stocks and open-ended funds and the value of these equity instruments is affected by the uncertainties from the future performance of the investment targets. If the prices of these equity instruments rise or fall by 1% while the other conditions remain unchanged, the increase or decrease in the net profit after tax for the three months ended March 31, 2025 and 2024 due to equity instruments measured at fair value through profit or loss would increase or decrease by $2,350 and $2,381, respectively; the other comprehensive income will increase or decrease by both $2 from the increase or decrease of equity investments classified as measured at fair value through other comprehensive income.

Cash flow and fair value interest rate risk

(i) The Group’s interest-bearing assets are mainly cash and cash equivalents and financial assets at amortized cost. The Group expects no significant cash flow interest rate risk on these assets as all their maturities are within 12 months.
(ii) The Group did not use any financial instruments to hedge interest rate risk.
(iii) There was no borrowing as of March 31, 2025, December 31, 2024 and March 31, 2024, and thus there was no interest rate risk arising from borrowings.
(b) Credit risk
(i) Credit risk refers to the risk of financial loss to the Group arising from default by the clients or counterparties of financial instruments under contractual obligations. The main factor is that counterparties cannot repay in full the accounts receivable based on the agreed terms, or the Group fails to collect contract cash flows of debt instruments measured at amortized cost and at fair value through profit or loss.
(ii) The Group manages its credit risk taking into consideration the entire Group’s concern. For banks and financial institutions, only independently rated parties with a minimum rating of ‘A’ are accepted. According to the Group’s credit policy, each local entity in the Group is responsible for managing and analyzing the credit risk for each of its new clients before standard payment and delivery terms and conditions are offered. Internal risk control assesses the credit quality of the customers, taking into account their financial position, past experience and other factors. Individual risk limits are set based on internal or external ratings in accordance with limits set by the Board of Directors. The utilization of credit limits is regularly monitored.
(iii) The Group adopts the assumptions under IFRS 9, default is considered to occur when the contract payments are past due over 90 days.
(iv) The Group adopts the following assumptions under IFRS 9 to assess whether there has been a significant increase in credit risk on that instrument since initial recognition:

~43~

(A) If the contract payments are past due over 30 days based on the terms, there has been a significant increase in credit risk on that instrument since initial recognition.
(B) For investments in bonds that are traded over the counter, if any external credit rating agency rates these bonds as investment grade, the credit risk of these financial assets is low.
(v) The following indicators are used to determine whether the credit impairment of debt instruments has occurred:
(A) It becomes probable that the issuer will enter bankruptcy or other financial reorganization due to its financial difficulties;
(B) The disappearance of an active market for that financial asset because of financial difficulties;
(C) Default or delinquency in interest or principal repayments;
(D) Adverse changes in national or regional economic conditions that are expected to cause a default.
(vi) The Group classifies customers’ accounts receivable based on trade credit risk. The Group applies the modified approach, using a provision matrix, to estimate expected credit losses.
(vii) The Group adjusts the default rate adopted based on the historical and current information for a specific period by taking the economic forecast made by the Taiwan Institute of Economic Research into account, and estimates the loss allowance for accounts receivable.
(viii) The amount of the allowance for accounts receivable provided from applying the simplified approach by the Group is insignificant except for individual customers. The Group takes the customer’s past default history and actual financial situation into consideration and adjusts the loss rate based on the historical and current information in a specific period, in order to estimate the loss allowance on accounts receivable. The loss rates on March 31, 2025, December 31, 2024, and March 31, 2024 are as follows:

March 31, 2025 Expected loss rate Total book value Loss allowance December 31, 2024 Expected loss rate Total book value Loss allowance March 31, 2024 Expected loss rate Total book value Loss allowance	Group	Individual (Note)	Total `$ 164,112` `$ 77,393` Total `$ 146,287` `$ 77,393` Total `$ 114,837` `$ 20,514`
	`0.00%~1.11%` `$ 86,719` `$ -` Group	`100%` `$ 77,393`
		`$ 77,393`
		Individual (Note)
	`0.00%~1.14%` `$ 68,894` `$ -` Group	`100%` `$ 77,393`
		`$ 77,393`
		Individual (Note)
	`0.00%~1.38%` `$ 94,323` `$ -`	`100%` `$ 20,514`
		`$ 20,514`

~44~

Note: One of the Group’s foreign e-commerce payment service providers filed for reorganization, which was approved by the court in that country on September 25, 2023. The Group received notification of the customer’s claim for creditors in January 2024 and entered into liquidation procedures. As of March 31, 2025, the outstanding accounts receivable from this customer could not be reasonably expected to be recoverable, and thus the entire amount was recognized as an expected credit loss. The accumulated allowance for losses recognized as of March 31, 2025, amounted to $77,393, with $77,393 written off as irrecoverable. However, the Group continues to negotiate with the customer and closely monitors the customer’s reorganization process. The Group will take appropriate measures to protect and preserve its receivables.
I. The Group’s simplified table of changes in loss allowance for accounts receivable is as follows:

At January 1 Irrecoverable amount written off Provision for impairment At March 31	Three Months Ended March 31,	Three Months Ended March 31,
	2025	2024
	Accounts receivable	Accounts receivable
	`$ 77,393` `-` `-` `$ 77,393`	`$ 31,153` `( 31,153)` `20,514` `$ 20,514`

(c) Liquidity risk
(i) Cash flow forecasting is performed in the operating entities of the Group and aggregated by Group treasury. Group treasury monitors rolling forecasts of the Group’s liquidity requirements to ensure it has sufficient cash to meet operational needs.
(ii) Surplus cash held by the operating entities over and above the balance required for working capital management is transferred to the Group treasury. Group treasury invests surplus cash in interest-bearing current accounts, time deposits, financial assets measured at amortized cost and short-term marketable securities, choosing instruments with appropriate maturities or sufficient liquidity to provide sufficient head-room as determined by the above-mentioned forecasts. As at March 31, 2025, December 31, 2024 and March 31, 2024, the Group held money market positions of $2,428,927, $2,273,143 and $2,101,800, respectively, that are expected to readily generate cash inflows for managing liquidity risk.
(iii) The table below analyses the Group’s non-derivative financial liabilities based on the remaining period at the balance sheet date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.

~45~

March 31, 2025 Non-derivative financial liabilities: Accounts payable Other payables Lease liabilities (Note) Other non-current liabilities - guarantee deposits received December 31, 2024 Non-derivative financial liabilities: Accounts payable Other payables Lease liabilities (Note) Other non-current liabilities - guarantee deposits received March 31, 2024 Non-derivative financial liabilities: Accounts payable Other payables Lease liabilities (Note) Other non-current liabilities - guarantee deposits received	Within 1 year Between 2 and 5 years Over 5 years
	`$ 27,902 $ - $ -` `413,400 - -` `6,952 7,167 -` `1,567 8,653 568` Within 1 year Between 2 and 5 years Over 5 years
	`$ 30,116 $ - $ -` `434,171 - -` `6,835 8,875 -` `1,853 8,368 567` Within 1 year Between 2 and 5 years Over 5 years
	`$ 42,655 $ - $ -` `312,058 - -` `6,835 13,768 117` `3,410 4,267 2,506`

Note: The amount includes interest expected to be paid in the future.

(3) Fair value information

The different levels of inputs to valuation techniques are used to measure fair value of financial and non-financial instruments have been defined as follows:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. A market is regarded as active when transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. The fair value of the beneficiary certificates of the Group’s investments belongs to this category.
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Unobservable inputs for the asset or liability. The fair value of the Group’s investment in equity instruments and debt instruments without an active market is included in Level 3.

Fair value information of investment property at cost is provided in Note 6(10).

~46~

The carrying amounts of the Group’s financial instruments not measured at fair value (including cash and cash equivalents, accounts receivable, other receivables (including related parties), financial assets at amortized cost, other financial assets (under other non-current assets), accounts payable, other payables and other financial liabilities (under other non-current liabilities)) are approximate to their fair values.
The related information of financial instruments measured at fair value by level on the basis of the nature, characteristics and risks of the assets is as follows:
(a) The related information on the natures of the assets is as follows:

March 31, 2025 ASSETS Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Debt instruments Financial assets at fair value through other comprehensive income Equity securities Total December 31, 2024 ASSETS Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Debt instruments Financial assets at fair value through other comprehensive income Equity securities Total	Level 1 `$ -` `40,297` `-` `$ 40,297` Level 1 `$ -` `90,030` `-` `$ 90,030`	Level 2 `$ -` `-` `-` `$ -` Level 2 `$ -` `-` `-` `$ -`	Level 3	Total `$ 41,773` `251,977` `248`
			`$ 41,773` `211,680` `248`
			`$ 253,701`	`$ 293,998`
			Level 3	Total `$ 41,773` `299,064` `248`
			`$ 41,773` `209,034` `248`
			`$ 251,055`	`$ 341,085`

~47~

March 31, 2024 ASSETS Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Debt instruments Financial assets at fair value through other comprehensive income Equity securities Total	Level 1	Level 2	Level 3 `$ 42,000` `234,739` `248` `$ 276,987`	Total `$ 42,000` `255,587` `248` `$ 297,835`
	`$ -` `20,848` `-` `$ 20,848`	`$ -` `-` `-` `$ -`

(b) The methods and assumptions the Group used to measure fair value are as follows:
(i) The instruments for which the Group used market quoted prices as the fair values (that is, Level 1) are listed below according to their characteristics:

Open-end funds Market quotation Net asset value

(ii) Except for the financial instruments with active markets mentioned above, the fair value of other financial instruments is determined using valuation techniques or based on counterparty quotes. The fair value derived from valuation techniques is estimated by referencing the current fair value of financial instruments with substantially similar terms and characteristics, using the discounted cash flow method, or applying other valuation techniques, including models based on market information available as of the consolidated balance sheet date.
(iii) The output of a valuation model is an estimated value and the valuation technique may not be able to capture all relevant factors of the Group’s financial and non-financial instruments. Therefore, the estimated value derived using the valuation model is adjusted accordingly with additional inputs, for example, model risk or liquidity risk, etc. In accordance with the Group’s management policies and relevant control procedures relating to the valuation models used for fair value measurement, management believes that adjustment to valuation is necessary in order to reasonably represent the fair value of financial and non-financial instruments at the consolidated balance sheet date. The inputs and pricing information used during valuation are carefully assessed and adjusted based on current market conditions.
(iv) The Group takes into account adjustments for credit risks to measure the fair value of financial and non-financial instruments to reflect credit risk of the counterparty and the Group’s credit quality.

~48~

For the three months ended March 31, 2025 and 2024, there were no transfers into or out of Level 3.
The following chart is the movement of Level 3 for the three months ended March 31, 2025 and 2024:

Three Months Ended March 31, 2025	Three Months Ended March 31, 2025	Three Months Ended March 31, 2025
Equity securities	Debt instruments	Total
`$ 42,021 $ 209,034` `- 1,576` `-( 1,590)` `-` `2,660` `$ 42,021` `$ 211,680`		`$ 251,055` `1,576` `( 1,590)` `2,660`
		`$ 253,701`

At January 1 Cost return in the current period Gains and losses recognized in profit or loss Recorded as non-operating income and expenses Effect of exchange rate changes March 31	Three Months Ended March 31, 2024	Three Months Ended March 31, 2024
	Equitysecurities	Debt instruments Total
	`$ 42,248` `-` `-` `-`	`$ 233,926 $ 276,174` `( 3,477)( 3,477)` `( 4,770)( 4,770)` `9,060` `9,060`
	`$ 42,248`	`$ 234,739` `$ 276,987`

~49~

The following is qualitative information on significant unobservable inputs and a sensitivity analysis of changes in those inputs used in Level 3 fair value measurements:

	Fair value at March		Valuation	Significant	Relationship of inputs
	31, 2025		technique	unobservable input	to fair value
Non-derivative
equity instrument:
Unlisted stocks	`$ 42,021`	Discounted		Long-term revenue	The higher the
		cash flow		growth rate,	discount for lack of
				weighted average	marketability, the
				cost of capital, long- lower the fair value;
				term pre-tax	The higher the
				operating margin,	weighted average cost
				discount for lack of	of capital and discount
				marketability,	for lack of control, the
				discount for lack of	lower the fair value;
				control	The higher the long-
					term revenue growth
					rate and long-term
					pre-tax operating
					margin, the higher the
					fair value
Non-derivative
debt instrument:
Private fund	`211,680`	Net asset		Not applicable.	Not applicable.
investment		value
	Fair value at		Valuation	Significant	Relationship of inputs
	December 31, 2024		technique	unobservable input	to fair value
Non-derivative
equity instrument:
Unlisted stocks	`$ 42,021`		Discounted	Long-term revenue	The higher the
			cash flow	growth rate,	discount for lack of
				weighted average	marketability, the
				cost of capital,	lower the fair value;
				long-term pre-tax	The higher the
				operating margin,	weighted average cost
				discount for lack	of capital and
				of marketability,	discount for lack of
				discount for lack	control, the lower the
				of control	fair value;
					The higher the long-
					term revenue growth
					rate and long-term
					pre-tax operating
					margin, the higher the
					fair value
Non-derivative
debt instrument:
Private fund	`209,034`		Net asset	Not applicable.	Not applicable.
investment			value

~50~

Fair value at Valuation Significant Relationship of inputs
March 31, 2024 technique unobservable input to fair value
Non-derivative equity instrument: Unlisted stocks $ 42,248 Discounted Long-term revenue The higher the cash flow growth rate, discount for lack of weighted average marketability, the cost of capital, lower the fair value; long-term pre-tax The higher the operating margin, weighted average cost discount for lack of capital and of marketability, discount for lack of discount for lack control, the lower the of control fair value; The higher the longterm revenue growth rate and long-term pre-tax operating margin, the higher the fair value

Non-derivative debt instrument: Private fund 234,739 Net asset Not applicable. Not applicable. investment value

The Group has carefully assessed the valuation models and assumptions used to measure fair value. However, the use of different valuation models or assumptions may result in different measurements. The following shows the effect on profit or loss or other comprehensive income from financial assets classified within Level 3 if the inputs used in the valuation models were to change:

			Three Months Ended March 31, 2025	Three Months Ended March 31, 2025	Three Months Ended March 31, 2025
			Recognized in profit or	Recognized in other
			loss	comprehensive income
			Favourable Unfavourable	Favourable	Unfavourable
	Inputs	Change	change change	change	change
Financial assets
Equity instrumentsDiscount for lack of		±1%	`$ 418 ($ 418)`	`$ 2`	`($ 2)`
	marketability, discount
	for lack of control
Debt instruments	Not applicable.	±1%	`2,117` `( 2,117)`	`-`	`-`
Total			`$ 2,535` `($ 2,535)`	`$ 2`	`($ 2)`
			Three Months Ended March 31, 2024
			Recognized in profit or	Recognized in other
			loss	comprehensive income
			Favourable Unfavourabl	Favourable	Unfavourabl
	Inputs	Change	change e change	change	e change
Financial assets
Equity instrumentsDiscount for lack of		±1%	`$ 420 ($ 420)`	`$ 2`	`($ 2)`
	marketability, discount
	for lack of control
Debt instruments	Not applicable.	±1%	`2,347` `( 2,347)`	`-`	`-`
Total			`$ 2,767` `($ 2,767)`	`$ 2`	`($ 2)`

~51~

13. Supplementary Disclosures

(1) Significant transactions information

Lending to others: None.
Provision of endorsements and guarantees to others: None.
Holding of major securities at the end of the period (not including subsidiaries, associates and joint ventures): Please refer to table 1.
Purchases or sales of goods with related parties reaching $100 million or 20% of paidin capital or more: None.
Receivables from related parties reaching $100 million or 20% of paid-in capital or more: None.
Significant inter-company transactions during the reporting period: Please refer to table 2.

(2) Information on investees

Names, locations and other information of investee companies (not including investees in Mainland China): Please refer to table 3.

(3) Information on investments in Mainland China
Basic information: Please refer to table 4.
Significant transactions, either directly or indirectly through a third party, with investee companies in the Mainland Area: None.

14. Segment Reporting

(1) General information

The Group recognizes the reportable segments based on the reporting information used by the Chief Operating Decision-maker. The Chief Operating Decision-maker operates the business and evaluates performance by products. Its main business activities are related to the sale of “Media Creation” software. Information about operating results of other products is provided under the column heading “Media Experience, Entertainment and Others”.

(2) Information about segments

The segment information provided to the Chief Operating Decision-maker for the reportable segments is as follows:

Segment Revenue Segment Operating Income Segment income (loss), including: Depreciation expense	Three Months Ended March 31, 2025 Media Creation Media Experience and Entertainment and others Total `$ 429,879` `$ 141,646` `$ 571,525` `$ 51,184` `$ 16,136` `$ 67,320` `$ 3,642` `$ 1,148` `$ 4,790`
	Media Creation Media Experience and Entertainment and others
	`$ 429,879` `$ 141,646` `$ 51,184` `$ 16,136` `$ 3,642` `$ 1,148`

~52~

Segment Revenue Segment Operating Income Segment income (loss), including: Depreciation expense	Three Months Ended March 31, 2024	Three Months Ended March 31, 2024	Three Months Ended March 31, 2024
	Media Creation	Media Experience and Entertainment and others	Total
	`$ 368,506` `$ 26,298` `$ 3,569`	`$ 123,608` `$ 8,130` `$ 1,103`	`$ 492,114` `$ 34,428` `$ 4,672`

(3) Reconciliation for segment profit or loss

The Chief Operating Decision-Maker evaluates operating segment performance and allocates resources to operating segments based on segment revenues and operating income. Therefore, no reconciling adjustments are necessary.

~53~

CYBERLINK CORP. AND SUBSIDIARIES

Holding of major securities at the end of the period (not including subsidiaries, associates and joint ventures)

March 31, 2025

Table 1
Securities held by
Marketable securities
(Note 1)
Relationship with the
securities issuer
(Note 2)
General ledger account Unit: Amounts expressed in thousands of New Taiwan Dollars
(EXCEPT AS OTHERWISE INDICATED)
As of March31,2025
Footnote
(Note 4)
Number of shares
Carrying amount
(Note 3)
Ownership (%)
Fair value

CyberLink Corp.
Stock of One-Blue, LLC
Director of the investee
company
Non-current financial assets at
fair value through profit or
loss
CyberLink Corp.
Yuanta Wan Tai Money Market Fund
None
Current financial assets at fair
value through profit or loss
CyberLink Corp.
Fuh Hwa New Intelligence Fund
None
Non-current financial assets at
fair value through profit or
loss
CyberLink Corp.
Geothings Technology Co., Ltd
None
Non-current Financial assets at
fair value through other
comprehensive income
CyberLink Corp.
SKYMIZER TAIWAN INC.
None
Non-current Financial assets at
fair value through other
comprehensive income
CyberLink International
Technology Corp.
Preferred stock of Cidana Inc.
None
Non-current Financial assets at
fair value through other
comprehensive income
CyberLink International
Technology Corp.
Preferred stock of LOFTechnology,
Inc.
None
Non-current Financial assets at
fair value through other
comprehensive income
CyberLink International
Technology Corp.
CCV Fund I LP
None
Non-current financial assets at
fair value through profit or
loss -
$ 41,773
16.67%
$ 41,773
2,545,235
40,297
0.19%
40,297
3,000,000
1,050
1.90%
1,050
100,000
248
2.08%
248
40,000
-
0.93%
-
500,000
-
3.56%
-
100,000
-
0.57%
-
-
USD 6,342
(in thousands of
dollars)
5.37%
USD 6,342
(in thousands of
dollars)

Note 1: Marketable securities in the table refer to stocks, bonds, beneficiary certificates, and other related derivative securities within the scope of IFRS 9, “Financial Instruments.” Note 2: Leave the column blank if the issuer of the marketable securities is a non-related party. Note 3: Fill in the amount after adjustment at fair value and deduction of accumulated impairment for the marketable securities measured at fair value; fill in the acquisition cost or amortized cost after deduction of accumulated impairment for the marketable securities not measured at fair value.

Note 4: The number of shares of securities and their amounts pledged as security or pledged for loans and their restrictions on use under some agreements should be stated in the footnote if the securities presented herein have such conditions. Note 5: This table includes marketable securities that the Company has determined should be disclosed based on the principle of materiality.

CYBERLINK CORP. AND SUBSIDIARIES

Significant inter-company transactions during the reporting periods

Three Months Ended March 31, 2025

Table 2

Unit: Amounts expressed in thousands of New Taiwan Dollars

(EXCEPT AS OTHERWISE INDICATED)

Number (Note 1) Company name Counterparty Relationship (Note 2)	Transaction
	General ledger account Amount Transaction terms Percentage of consolidated total operating revenues or total assets (Note 3)
0 CyberLink Corp. CyberLink Inc. 1 0 CyberLink Corp. CyberLink Inc. 1 0 CyberLink Corp. CyberLink.com Corp. 1 0 CyberLink Corp. CyberLink.com Corp. 1	Sales revenue `$ 37,669` Note 4 `6.6%` Receivables `10,674` Note 4, 5 `0.2%` Sales revenue `50,536` Note 4 `8.8%` Receivables `18,767` Note 4, 5 `0.3%`

Note 1:The numbers assigned to the transaction company with respect to inter-company transactions are as follows:
Parent company is ‘0.’
(b) The subsidiaries are numbered in order starting from ‘1.’
Note 2: The relationship between transaction company and counterparty is classified into the following three categories; indicate the category number each case belongs to. (If transactions between parent company and subsidiaries or between subsidiaries refer to the same transaction, it is not required to disclose them twice. For example, if the parent company has already disclosed its transaction with a subsidiary, then the subsidiary is not required to disclose the transaction; for transactions between two subsidiaries, if one of the subsidiaries has disclosed the transaction, then the other is not required to disclose it.):
Parent company to subsidiary.
Subsidiary to parent company.
Subsidiary to subsidiary.
Note 3: Regarding the percentage of transaction amount relative to consolidated total operating revenues or total assets, it is computed based on the period-end balance of the transaction relative to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period relative to consolidated total operating revenues for income statement accounts.

Note 4:Sales to subsidiaries are at normal prices and are collected 30 days after the delivery of goods.

Note 5:Receivables include accounts receivable and other receivables. Note 6:Transaction amounts over $10,000 are disclosed; transactions are disclosed from both asset and revenue sides.

Table 3

CYBERLINK CORP. AND SUBSIDIARIES

Information on investees

Three Months Ended March 31, 2025

Unit: Amounts expressed in thousands of New Taiwan Dollars (EXCEPT AS OTHERWISE INDICATED)

Name of Investor
Investee
(Note 1 and 2)
Location
Main business
activities Initial investment Amount
Shares held as at March 31, 2025
Net income of investee
as of March 31, 2025
(Note 2(2))
Investment income
(loss) recognized
by the Company
(Note 2(3))
Footnote
Balance as at March
31, 2025
Balance as at December 31,
2024
Number of shares
Ownership (%)
Carrying amount

CyberLink Corp.
CyberLink.com Corp.
America
Sale of software
CyberLink Corp.
CyberLink International
Technology Corp.
B.V.I.
Investment
activities
CyberLink Corp.
CyberLink Inc.
Japan
Sale of software
CyberLink International
Technology Corp.
Perfect Corp.
Cayman
Investment
activities $136,327 $ 136,327 4,000,000
100%
$ 363,771 $ 4,097 $ 4,097
Direct
subsidiary
1,373,806 1,373,806 44,000,000
100%
1,904,561 ( 25)( 25)
Direct
subsidiary
235,714 235,714 1,900
100%
243,956 2,748 2,748
Direct
subsidiary
1,302,729 1,286,253 36,960,961
36.29%
1,663,867 75,418 -
Investments
accounted
for using
the equity
method
(USD 39,227 in
thousands of dollars)
(USD 39,227 in
thousands of dollars)
(USD 50,101 in
thousands of dollars)
(USD 2,293 in
thousands of dollars)

Note 1: If a public company has an overseas holding company and prepares consolidated financial statements as its primary financial report in accordance with local laws, it may disclose only the relevant information of the overseas holding company regarding its related overseas investee information.

Note 2:If the situation does not fall under Note 1, fill in the columns according to the following regulations:

(a) The columns of ‘Investee,’ ‘Location,’ ‘Main business activities, ’’ Initial investment amount’ and ‘Shares held as at December 31, 2024’ should be filled in order with the Company’s (public company’s) information on investees and every directly or indirectly controlled investee’s investment information, and the relationship between the Company (public company) and each of its investees (e.g., direct subsidiary or indirect subsidiary) should be noted in the ‘footnote’ column.
(b) The ‘Net income (loss) of the investee’ column should be filled in with the amount of net income (loss) of the investee for this period.
(c) The ‘Investment income (loss) recognized by the Company for this period’ column should be filled in with the Company (public company) recognized investment income (loss) of its direct subsidiary and recognized investment income (loss) of its investee accounted for under the equity method for this period. When filling in the recognized investment income (loss) of its direct subsidiary, the Company (public company) should confirm that the direct subsidiary’s net profit (loss) for this period has included its investment income (loss) which shall be recognized in accordance with regulations.

CYBERLINK CORP. AND SUBSIDIARIES

Information on investments in Mainland China

Three Months Ended March 31, 2025

Table 4

Unit: Amounts expressed in thousands of New Taiwan Dollars (EXCEPT AS OTHERWISE INDICATED)

Accumulated Amount of investment amount of remitted or recovered Accumulated Investment remittance from during the period amount of income (loss) Carrying amount Taiwan to remittance from recognized by the of investments in Accumulated amount of Investment Mainland China Remitted to Taiwan to Net income of Ownership held by Company for the Mainland China investment income Investee in Main business method as of January 1, Mainland Remitted back Mainland China as investee as of the Company (direct period as of March 31, remitted back to Taiwan as Mainland China activities Paid-in capital (Note 1) 2025 China to Taiwan of March 31, 2025 March 31, 2025 or indirect) (Note 2(2)B) 2025 of March 31, 2025 Footnote Perfect (Shanghai) Trading of $ 118,095 (2) $ 57,653 $ - $ - $ 57,653 ($ 2,775) 36.29% $ - $ 6,855 $ - Note 4, 5 Co., Ltd. computer (USD 3,556 in (USD 1,736 in (USD 1,736 in peripheral and thousands of dollars) thousands of dollars) thousands of dollars) software

	Accumulated
	amount of	Investment amount	Ceiling on
	remittance	approved by the	investments in
	from Taiwan to	Investment	Mainland China
	Mainland	Commission of the	imposed by the
	China as of	Ministry of	Investment
	March 31,	Economic Affairs	Commission of
Company Name	2025	(MOEA)	MOEA
CyberLink Corp.	`$ 57,653`	$ 79,638 $	`2,934,961`
	(USD 1,736 in	(USD 2,398 in
	thousands of	thousands of
	dollars)	dollars)

Note 1:Investment methods are classified into the following three categories; fill in the number of the category that each case belongs to:

(a) Directly investment in a company in mainland China

(b) Investment through an existing company in a third-area country, which then invested in the investee in Mainland China. (c) Others.

Note 2:In the ‘Investment income (loss) recognized by the Company for March 31, 2025’ column:

(a) It should be indicated if the investee was still in the process of incorporation and had not yet generated any profit during this period.

(b) Indicate the basis for investment income (loss) recognition by using the number of one of the following three categories:

A. The financial statements that are audited and attested by international accounting firm which has cooperative relationship with accounting firm in R.O.C.

B. Financial report reviewed by CPAs of Perfect Corp. (Cayman)

C. Others.

Note 3:The numbers in this table are expressed in New Taiwan Dollars. Note 4:Investment made through CyberLink International Technology Corp. Note 5:Perfect (Shanghai) Co., Ltd. is a subsidiary directly invested in by Perfect Corp. (Cayman), which is the Group’s investee company recognized under the equity method.

Table 4 1 Page

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CyberLink — Regulatory Filings 2026

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CYBERLINK CORP. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REVIEW REPORT FOR THE THREE MONTHS ENDED MARCH 31, 2025 and 2024

Table of Contents

Introduction

Scope of Review

Conclusion

Notes to Readers

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS MARCH 31, 2025, DECEMBER 31, 2024 AND MARCH 31, 2024

(The balance sheets as of March 31, 2024 and 2023 are reviewed, not audited)

CONSOLIDATED BALANCE SHEETS MARCH 31, 2025, DECEMBER 31, 2024 AND MARCH 31, 2024

(The balance sheets as of March 31, 2024 and 2023 are reviewed, not audited)

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Three Months Ended March 31, 2025 and 2024

(Reviewed, not audited)

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Three Months Ended March 31, 2025 and 2024

CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Three Months Ended March 31, 2025 and 2024

(Reviewed, not audited)

CYBERLINK CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Three Months Ended March 31, 2025 and 2024

(Reviewed, not audited)

CYBERLINK CORP. AND SUBSIDIARIES

1. History and Organization

2. The Date of Authorization for Issuance of the Consolidated Financial Statements and Procedures for Authorization

3. Application of New Standards, Amendments and Interpretations

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

(1) Compliance statement

(2) Basis of preparation

(3) Basis of consolidation

(4) Employee benefits

(5) Income tax

5. Critical Accounting Judgments, Estimates and Key Sources of Assumption Uncertainty

6. Details of Significant Accounts

(1) Cash

(2) Current and non-current financial assets at fair value through profit or loss

(3) Current financial assets at amortized cost

(5) Accounts receivable

Shareholding ratio

(7) Property, plant and equipment, net

(8) Leasing arrangements - lessee

4. Lease liabilities relating to lease contracts:

(9) Leasing arrangements - lessor

1. Leases to unrelated parties

(10) Investment property

(11) Accounts payable

1. Royalty

2. Cost of software bug-fixing

(15) Other non-current liabilities

(16) Pensions

(18) Capital Stock

(19) Capital surplus

(20) Retained earnings

(21) Other equity items

(22) Net revenue

1. Disaggregation of revenue from contracts with customers

(23) Operating costs

(24) Interest income

(25) Other income

Three Months Ended March 31,

(26) Other gains or losses

(28) Costs and expenses by nature

(29) Employee benefit expenses

(30) Income tax

1. Income tax expenses

(31) Earnings per share (EPS)

(32) Changes in liabilities from financing activities

(33) Supplemental cash flow information

7. Related-Party Transactions

(1) Names of related parties and relationship

(2) Significant related party transactions and balances

1. Other receivables

2. Rental income (shown as other income)

Three Months Ended March 31,

3. Lease transactions - lessee

(3) Key management Salary information

8. Pledged Assets

9. Significant Contingent Liabilities and Unrecognized Contract Commitments

CyberLink Regulatory Filings 2026