DELTA ELECTRONICS, INC. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND

INDEPENDENT AUDITORS’ REPORT DECEMBER 31, 2023 AND 2022

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 Chinese-language auditors’ report and financial statements shall prevail.

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INDEPENDENT AUDITORS’ REPORT

To the Board of Directors and Shareholders of Delta Electronics, Inc.

Opinion

We have audited the accompanying consolidated balance sheets of Delta Electronics, Inc. and subsidiaries (the “Group”) as at December 31, 2023 and 2022, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.

In our opinion, based on our audits and the reports of other auditors (refer to the Other matter section), the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2023 and 2022, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission.

Basis for opinion

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

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Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Group’s 2023 consolidated financial statements. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matters for the Group’s 2023 consolidated financial statements are stated as follows: Assessment of the reasonableness of the purchase price allocation for business combination Description

Refer to Note 4(37) in the consolidated financial statements for the accounting policy on business combination. Refer to Notes 6(9) and (30) in the consolidated financial statements for the accounting treatment of business combination and the allocation of purchase price.

In July 2022, the subsidiary of the Company, Delta International Holding Limited B.V., acquired 100% of the share capital of UI Acquisition Holding Co. for NT$2,797,346 thousand. The allocation of the acquisition price was completed in the first quarter of 2023. The acquisition price and the amount of intangible assets arising from the business acquisition are significant and the net fair value of identifiable assets and liabilities and the allocation of intangible assets are based on management’s estimation and subjective judgement. Thus, we considered the purchase price allocation for the above business combination a key audit matter.

How our audit addressed the matter

We performed the following procedures for the above key audit matter:

A. Assessed the appropriateness and objectivity of the appraisers appointed by the management.
B. Reviewed identification of intangible assets, fair value measurement of identifiable intangible assets, discount rates and the reasonableness of goodwill calculation in the purchase price allocation report prepared by external experts.

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Intangible Assets - Impairment assessment of goodwill

Description

Refer to Note 4(21) for the accounting policies on impairment of non-financial assets. Refer to Notes 5(2) and 6(9) for the impairment assessment of goodwill including critical accounting estimates. As of December 31, 2023, goodwill arising from both the acquisitions of the Company in Cyntec Co., Ltd. and Atrust Computer Corporation, and the acquisitions through the Company’s subsidiaries, Delta International Holding Limited B.V.(DIH) and Delta Electronics (Netherlands) B.V.(DEN), in DELTA ELECTRONICS (NORWAY) AS, Delta Controls Inc., Delta Greentech (China) Co., Ltd., March Network Holdings Ltd., Amerlux LLC, and Trihedral Engineering Limited amounted to NT$18,324,143 thousand, constituting 4.00% of the consolidated total assets. As the balance of goodwill acquired from

the merger is material, the assumptions used in assessing goodwill impairment involves material accounting estimates which are complex and have high uncertainty. Thus, we considered the impairment assessment of goodwill a key audit matter.

How our audit addressed the matter

We performed the following procedures for the above key audit matter:

A. Understood the process of goodwill impairment assessment, obtained the assessment form provided by management and assessed whether the valuation models adopted by management are reasonable for the industry, environment and the valued assets of the Company.
B. Assessed the reasonableness of material assumptions, such as expected future cash flows, expected growth rates, operating margin and discount rates, by:
(a) Checking the setting of parameters of valuation models and calculation formulas;
(b) Confirming whether the expected future cash flows are in agreement with the budget provided by the business units;
(c) Comparing the expected growth rate and operating margin with historical data, economic and industrial forecast documents; and
(d) Comparing the discount rate with cost of capital assumptions of cash generating units and rates of return of similar assets.

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C. Performed a sensitivity analysis on the value of significant assumptions to assess the risk of impairment of goodwill if there is a change in significant assumptions.

Other matter – Reference to the audits of other auditors

We did not audit the consolidated financial statements of certain subsidiaries which were audited by other auditors. Therefore, our opinion expressed herein, insofar as it relates to the amounts included in respect of these subsidiaries, is based solely on the reports of the other auditors. Total assets of these subsidiaries amounted to NT$80,670,851 thousand and NT$81,281,054 thousand, constituting 17.62% and 19.09% of the consolidated total assets as at December 31, 2023 and 2022, respectively, and the operating revenue amounted to NT$86,453,765 thousand and NT$76,452,947 thousand, constituting 21.55% and 19.89% of the consolidated total operating revenue for the years then ended, respectively.

Other matter – Parent company only financial reports

We have audited and expressed an unqualified opinion with other matter section on the parent company only financial statements of Delta Electronics, Inc. as at and for the years ended December 31, 2023 and 2022.

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

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

In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group

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or to cease operations, or has no realistic alternative but to do so.

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

Auditors’ responsibilities for the audit of the consolidated financial statements

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

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

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

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

C. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management;
D. Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern.

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If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Group to cease to continue as a going concern;

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

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

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

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

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

The consolidated financial statements of Delta Electronics, Inc. and subsidiaries as at and for the year ended December 31, 2023 expressed in US dollars are presented solely for the convenience of the reader and were translated from the financial statements expressed in New Taiwan dollars using the

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exchange rate of $30.705 to US$1.00 at December 31, 2023. This basis of translation is not in accordance with International Financial Reporting Standards, International Accounting Standards, and relevant interpretations and interpretative bulletins that are ratified by the FSC.

Hsiao, Chun-Yuan Chou, Chien-Hung

for and on behalf of PricewaterhouseCoopers, Taiwan

February 29, 2024

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

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DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

Assets Current assets Cash and cash equivalents Financial assets at fair value through profit or loss - current Financial assets at amortised cost - current Contract assets - current Notes receivable, net Accounts receivable, net Accounts receivable - related parties, net Other receivables Current income tax assets Inventories Prepayments Other current assets Total current assets Non-current assets Financial assets at fair value through profit or loss - non-current Financial assets at fair value through other comprehensive income - non-current Contract assets - non-current Investments accounted for under the equity method Property, plant and equipment Right-of-use assets Investment property, net Intangible assets Deferred income tax assets Other non-current assets Total non-current assets Total assets	Notes 6(1) 6(2) 8 6(20) 6(5) 6(5) 7 7 6(6) 6(2) 6(3) 6(20) 6(7) and 8 6(8) 6(9) 6(27) 6(5)(10) and 8	USDollars December 31, 2023 $ 2,848,263 159,716 8,454 180,070 73,146 2,511,901 189 75,760 26,229 2,482,546 97,598 2,442 8,466,314 44,533 64,974 23,069 3,238 3,191,712 157,463 458 2,558,033 287,688 110,402 6,441,570 $ 14,907,884	NewTaiwan Dollars	NewTaiwan Dollars
			December 31, 2023 $ 87,455,916 4,904,074 259,567 5,529,060 2,245,939 77,127,923 5,801 2,326,227 805,368 76,226,562 2,996,762 74,985 259,958,184 1,367,375 1,995,030 708,329 99,423 98,001,515 4,834,885 14,070 78,544,404 8,833,470 3,389,893 197,788,394 $ 457,746,578	December 31, 2022
				$ 61,546,836 1,759,612 265,382 4,135,672 3,123,642 84,074,069 29,551 2,449,171 379,086 79,844,364 2,690,148 152,933
				240,450,466
				2,771,627 1,740,553 503,403 92,430 86,266,587 5,086,323 18,128 77,169,854 8,175,453 3,598,982
				185,423,340
				$ 425,873,806

(Continued)

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DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

Liabilities and Equity	Notes 6(11) 6(2) 6(20) 7 6(12) and 7 6(14) 6(13) 6(14) 6(27) 6(15) 6(16) 6(17) 6(18) 4(3) and 6(19) 9 11	USDollars NewTaiwan Dollars December 31, 2023 December 31, 2023 December 31, 2022 $ 108,611 $ 3,334,888 $ 2,076,762 1,772 54,410 74,232 298,222 9,156,906 7,536,826 148 4,538 1,406 1,742,264 53,496,221 62,685,739 1,244 38,185 28,525 1,443,935 44,336,025 40,718,682 185,087 5,683,107 5,547,274 82,712 2,539,678 42,424 242,325 7,440,595 6,301,558 4,106,320 126,084,553 125,013,428 947,728 29,100,000 11,600,000 726,931 22,320,422 32,737,342 771,145 23,678,006 19,342,795 83,220 2,555,275 2,302,735 367,134 11,272,829 9,510,321 2,896,158 88,926,532 75,493,193 7,002,478 215,011,085 200,506,621 845,967 25,975,433 25,975,433 1,779,417 54,636,991 49,321,767 1,161,851 35,674,625 32,386,305 96,684 2,968,678 16,166,722 2,732,577 83,903,789 65,907,358 ( 130,133)( 3,995,738)( 2,968,678) 6,486,363 199,163,778 186,788,907 1,419,043 43,571,715 38,578,278 7,905,406 242,735,493 225,367,185 $ 14,907,884$ 457,746,578 $ 425,873,806
Current liabilities Short-term borrowings Financial liabilities at fair value through profit or loss - current Contract liabilities - current Notes payable Accounts payable Accounts payable - related parties Other payables Current income tax liabilities Long-term liabilities, current portion Other current liabilities Total current liabilities Non-current liabilities Bonds payable Long-term borrowings Deferred income tax liabilities Lease liabilities - non-current Other non-current liabilities Total non-current liabilities Total liabilities Equity Share capital Common stock Capital surplus Capital surplus Retained earnings Legal reserve Special reserve Unappropriated retained earnings Other equity interest Other equity interest Equity attributable to owners of the parent Non-controlling interest Total equity Significant contingent liabilities and unrecorded contract commitments Significant events after the balance sheet date Total liabilities and equity

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

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DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS, EXCEPT EARNINGS PER SHARE DATA)

				US Dollars		New Taiwan Dollars	New Taiwan Dollars
Items	Notes			2023		2023		2022
Operating revenue	6(20) and 7		$	13,067,139	$	401,226,501	$	384,443,308
Operating costs	6(6)(25)
	(26) and 7	(		9,249,747) (		284,013,473) (		273,670,745 )
Gross profit				3,817,392		117,213,028		110,772,563
Operating expenses	6(25)(26)
Selling expenses		(		786,062 ) (		24,136,041) (		22,533,664 )
General and administrative expenses		(		519,523 ) (		15,951,952) (		14,896,570 )
Research and development expenses		(		1,174,006 ) (		36,047,850) (		31,769,981 )
Expected credit impairment loss	12(2)	(		4,147) (		127,348) (		133,524 )
Total operating expenses		(		2,483,738) (		76,263,191) (		69,333,739 )
Operating profit				1,333,654		40,949,837		41,438,824
Non-operating income and expenses
Interest income	6(21)			67,420		2,070,115		609,613
Other income	6(22)			144,631		4,440,902		3,360,096
Other gains and losses	6(23)			76,329		2,343,695		1,197,074
Finance costs	6(24)	(		38,128 ) (		1,170,718) (		571,440 )
Share of profit of associates and joint
ventures accounted for under the equity
method				270		8,280		31,131
Total non-operating income and
expenses				250,522		7,692,274		4,626,474
Profit before income tax				1,584,176		48,642,111		46,065,298
Income tax expense	6(27)	(		317,921) (		9,761,744) (		9,074,560 )
Profit for the year			$	1,266,255	$	38,880,367	$	36,990,738

(Continued)

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DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS, EXCEPT EARNINGS PER SHARE DATA)

Items Notes Other comprehensive income (loss) Components of other comprehensive income (loss) that will not be reclassified to profit or loss (Loss) gain on remeasurements of defined benefit plans Unrealised gain on valuation of equity investment at fair value through other comprehensive income 6(3) Loss on hedging instrument that will not be reclassified to profit or loss 6(4) Income tax related to components of other comprehensive income that will not be reclassified to profit or loss 6(27) Other comprehensive income (loss) that will not be reclassified to profit or loss Components of other comprehensive income (loss) that will be reclassified to profit or loss Financial statements translation differences of foreign operations Share of other comprehensive loss of associates and joint ventures accounted for under the equity method that will be reclassified to profit or loss Income tax relating to the components of other comprehensive income that will be reclassified to profit or loss 6(27) Other comprehensive income (loss) that will be reclassified to profit or loss Other comprehensive income (loss) for the year Total comprehensive income for the year Profit attributable to: Owners of the parent Non-controlling interest Comprehensive income attributable to: Owners of the parent Non-controlling interest Earnings per share Basic earnings per share 6(28) Diluted earnings per share 6(28)	USDollars 2023 ( $ 6,907 ) 11,485 ( 5,545 ) ( 2,025) ( 2,992) ( 19,628 ) ( 75 ) 894 ( 18,809) ($ 21,801) $ 1,244,454 $ 1,087,532 $ 178,723 $ 1,055,559 $ 188,895 $ 0.42 $ 0.42	NewTaiwan Dollars 2023 2022 ($ 212,064) $ 298,222 352,641 217,848 ( 170,271) - ( 62,162)( 4,296 ) ( 91,856) 511,774 ( 602,681) 17,720,026 ( 2,307) ( 1,788 ) 27,444 ( 1,069,086 ) ( 577,544) 16,649,152 ($ 669,400)$ 17,160,926 $ 38,210,967 $ 54,151,664 $ 33,392,665 $ 32,665,728 $ 5,487,702 $ 4,325,010 $ 32,410,943 $ 46,081,891 $ 5,800,024 $ 8,069,773 $ 12.86 $ 12.58 $ 12.80 $ 12.52

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

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DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

Notes				Equityattr	utable to owners of t	eparent					Non-controlling interest	Total equity
	Share capital - common stock	Capital surplus		Retained earnings			Ot	her equityinterest		Total
			Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations		Unrealised gain (loss) on financial assets measured at fair value through other comprehensive income	Gain (loss) on hedging instruments
6(18) 6(32) 6(18) 6(32) 6(4)	$ 25,975,433 - - - - - - - - - - $ 25,975,433 $ 25,975,433 - - - - - - - - - - - $ 25,975,433	$ 49,114,151 - - - - - - 192,294 15,322 - - $ 49,321,767 $ 49,321,767 - - - - - - 31,584 5,283,640 - - - $ 54,636,991	$ 29,697,752 - - - 2,688,553 - - - - - - $ 32,386,305 $ 32,386,305 - - - 3,288,320 - - - - - - - $ 35,674,625	$ 12,543,208 - - - - 3,623,514 - - - - - $ 16,166,722 $ 16,166,722 - - - - ( 13,198,044 ) - - - - - - $ 2,968,678	$ 53,622,701 32,665,728 209,626 32,875,354 ( 2,688,553) ( 3,623,514) ( 14,286,479) - ( 643) 8,492 - $ 65,907,358 $ 65,907,358 33,392,665 ( 144,952) 33,247,713 ( 3,288,320) 13,198,044 ( 25,559,802) - ( 507) - 399,303 - $ 83,903,789	($ 15,520,287) - 12,990,071 12,990,071 - - - - - - - ($ 2,530,216) ($ 2,530,216) - ( 954,138) ( 954,138) - - - - 38,742 - - - ($ 3,445,612)		($ 776,353) - 216,466 216,466 - - - - - ( 8,492) - ($ 568,379) ($ 568,379) - 287,639 287,639 - - - - - - ( 399,303) - ($ 680,043)	$ 129,917 - - - - - - - - - - $ 129,917 $ 129,917 - ( 170,271) ( 170,271) - - - - - 170,271 - - $ 129,917	$ 154,786,522 32,665,728 13,416,163 46,081,891 - - ( 14,286,479) 192,294 14,679 - - $ 186,788,907 $ 186,788,907 33,392,665 ( 981,722) 32,410,943 - - ( 25,559,802) 31,584 5,321,875 170,271 - - $ 199,163,778	$ 31,338,136 4,325,010 3,744,763 8,069,773 - - - - ( 125,911 ) - ( 703,720) $ 38,578,278 $ 38,578,278 5,487,702 312,322 5,800,024 - - - - 451,901 - - ( 1,258,488) $ 43,571,715	$ 186,124,658 36,990,738 17,160,926 54,151,664 - - ( 14,286,479 ) 192,294 ( 111,232 ) - ( 703,720) $ 225,367,185 $ 225,367,185 38,880,367 ( 669,400 ) 38,210,967 - - ( 25,559,802 ) 31,584 5,773,776 170,271 - ( 1,258,488) $ 242,735,493

(Continued)

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DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

Notes				Equityattr	utable to owners of t	heparent	heparent					Non-controlling interest	Total equity
	Share capital - common stock	Capital surplus		Retained earnings				Ot	her equityinterest		Total
			Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations			Unrealised gain (loss) on financial assets measured at fair value through other comprehensive income	Gain (loss) on hedging instruments
6(18) 6(32) 6(4)	$ 845,967 - - - - - - - - - - - $ 845,967	$ 1,606,310 - - - - - - 1,029 172,078 - - - $ 1,779,417	$ 1,054,757 - - - 107,094 - - - - - - - $ 1,161,851	$ 526,518 - - - - ( 429,834 ) - - - - - - $ 96,684	$ 2,146,470 1,087,532 ( 4,721) 1,082,811 ( 107,094) 429,834 ( 832,431) - ( 17) - 13,004 - $ 2,732,577		($ 82,404) - ( 31,075) ( 31,075) - - - - 1,262 - - - ($ 112,217)		($ 18,511) - 9,368 9,368 - - - - - - ( 13,004) - ($ 22,147)	$ 4,231 - ( 5,545) ( 5,545) - - - - - 5,545 - - $ 4,231	$ 6,083,338 1,087,532 ( 31,973) 1,055,559 - - ( 832,431) 1,029 173,323 5,545 - - $ 6,486,363	$ 1,256,417 178,723 10,172 188,895 - - - - 14,718 - - ( 40,987 ) $ 1,419,043	$ 7,339,755 1,266,255 ( 21,801) 1,244,454 - - ( 832,431 ) 1,029 188,041 5,545 - ( 40,987 ) $ 7,905,406

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

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DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated profit before tax for the year
Adjustments
Income and expenses having no effect on cash flows
Depreciation

Amortization

Expected credit impairment loss

Net gain on financial assets or liabilities at fair
value through profit or loss

Interest expense

Interest income

Dividend income

Share-based payments

Share of profit of associates accounted for under the
equity method
Loss (gain) on disposal of property, plant and
equipment

Gain on disposal of investments

Impairment loss on non-financial assets

Changes in assets/liabilities relating to operating
activities
Net changes in assets relating to operating activities
Financial assets mandatorily measured at fair
value through profit or loss
Contract assets
Notes receivable
Accounts receivable
Accounts receivable - related parties
Other receivables
Other receivables - related parties
Inventories
Prepayments
Other current assets
Other non-current assets
Net changes in liabilities relating to operating
activities
Contract liabilities
Notes payable
Accounts payable
Accounts payable - related parties
Other payables
Other current liabilities
Other non-current liabilities
Cash inflow generated from operations
Interest received
Dividends received
Interest paid
Income taxes paid
Net cash flows from operating activities

US Dollars
New Taiwan Dollars
Notes

2023

2023

2022
$ 1,584,176 $ 48,642,111 $ 46,065,298

6(7)(8)(25)
572,450
17,577,068
15,020,243
6(9)(25)
130,685
4,012,685
3,915,932
12(2)
4,147
127,348
133,524
6(2)(23)
(
61,601 ) (
1,891,458 )
(
845,835 )
6(24)
38,128
1,170,718
571,440
6(21)
(
67,420 ) (
2,070,115 ) (
609,613 )
6(22)
(
6,965 ) (
213,856 ) (
291,617 )
6(29)
1,494
45,869
74,885
(
270 ) (
8,280 )
(
31,131 )
6(23)
6,408
196,768
(
426,041 )
6(23)
(
6,754 ) (
207,397 )
-
6(7)(9)(23)
10,387
318,915
417,151

11,035
338,833
381,016
(
29,175 ) (
895,832 ) (
586,821 )
28,585
877,703
296,991
235,969
7,245,438 (
15,664,563 )
774
23,750 (
1,720 )
1,598
49,058
1,386,552
14,763
453,284 (
1,999,190 )
134,574
4,132,104 (
12,320,867 )
(
5,542 ) (
170,154 )
194,678
2,962
90,946 (
55,889 )
3,760
115,452
-
44,517
1,366,907
1,681,078
102
3,132
966
(
320,026 ) (
9,826,389 )
7,613,266
326
10,006
13,502
93,691
2,876,788
4,408,169
23,365
717,425
1,669,009
58,425
1,793,941
1,234,960
2,504,568
76,902,768
52,245,373
63,477
1,949,060
588,705
6,965
213,859
291,362
(
31,027 ) (
952,693 ) (
486,748 )
(
228,842 ) (
7,026,581 ) (
6,109,584 )
2,315,141
71,086,413
46,529,108

(Continued)

~15~

DELTA ELECTRONICS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at fair value through other
comprehensive income
Proceeds from disposal of financial assets at fair value
through other comprehensive income
Decrease in financial assets at amortised cost
Increase in financial assets for hedging
Decrease in financial assets for hedging
Net cash flow from acquisition of subsidiaries (net of cash
acquired)

Proceeds from disposal of subsidiaries (net of cash
disposed)

Acquisition of property, plant and equipment

Proceeds from government grants - property, plant and
equipment

Proceeds from disposal of property, plant and equipment
Proceeds from government grants - Right-of-use assets
Disposal (acquisition) of investment property
Acquisition of intangible assets

Decrease (increase) in other non-current assets
Net cash flows used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (decrease) in short-term borrowings

Issuance of bonds payable

Proceeds from long-term debts
Repayment of long-term debts
Lease principal repayment
Increase (decrease) in refundable deposits
Cash dividends paid

Cash dividends paid to minority share interests

Acquisition of ownership interests in subsidiaries

Disposal of ownership interests in subsidiaries (without
losing control)

Net cash flows used in financing activities
Effects due to changes in exchange rate
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year

US Dollars
New Taiwan Dollars
Notes

2023

2023

2022
( $ 15,018 )
( $ 461,120 ) $ -
18,049
554,179
81,320
3,909
120,039
136,488
(
147,871 ) (
4,540,389 )
-
147,871
4,540,389
-
6(30)
(
183,352 ) (
5,629,812 ) (
2,625,458 )
6(31)
2,899
89,006
-
6(7)
(
906,359 ) (
27,829,767 ) (
21,824,042 )
6(7)
443
13,611
11,419
1,691
51,934
843,099
-
-
637,890
132
4,058 (
4,058 )
6(9)
(
15,303 ) (
469,890 ) (
615,536 )
1,826
56,069 (
1,360,365 )
(
1,091,083 ) (
33,501,693 ) (
24,719,243 )
6(33)
28,468
874,114 (
2,320,600 )
6(13)(33)
569,940
17,500,000
11,600,000
2,154,385
66,150,386
61,464,441
(
2,416,477 ) (
74,197,912 ) (
72,643,587 )
(
26,580 ) (
816,154 ) (
1,940,165 )
2,863
87,910 (
762,527 )
6(18)
(
832,431 ) (
25,559,802 ) (
14,286,479 )
6(19)
(
61,734 ) (
1,895,556 ) (
739,023 )
6(32)
(
53 ) (
1,619 ) (
111,232 )
6(32)
240,370
7,380,571
-
(
341,249 ) (
10,478,062 ) (
19,739,172 )
(
39,002 ) (
1,197,578 )
9,621,090
843,807
25,909,080
11,691,783
2,004,456
61,546,836
49,855,053
$ 2,848,263 $ 87,455,916 $ 61,546,836

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

~16~

DELTA ELECTRONICS, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

1. HISTORY AND ORGANIZATION

Delta Electronics, Inc. (the Company) was incorporated as a company limited by shares under the provisions of the Company Law of the Republic of China (R.O.C.). The Company and its subsidiaries (collectively referred herein as the Group) are global leaders in power and thermal management solutions and are primarily engaged in the research and development, design, manufacturing and sales of electronic control systems, DC brushless fans, thermal system, and miniaturization key component, electric vehicle power supply systems, industrial automation products, digital display products, information products, communication products, consumer electronics products, energy-saving lighting application, renewable energy applications, EV charging, energy technology services and consulting services of building management and control solutions, etc. The Group’s mission statement, to provide innovative, clean and energy-efficient solutions for a better tomorrow, focuses on addressing key environmental issues such as global climate change. With the concern for the environment, the Group continues to develop innovative energy-efficient products and solutions. In recent years, the Group has transformed from a product provider towards a solution provider and the Group’s business is segregated into power electronics business, automation business, and infrastructure business.

2. THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORIZATION

These consolidated financial statements were authorized for issuance by the Board of Directors on February 29, 2024.

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards(“IFRS[®] ”) Accounting Standards that came into effect as endorsed by the Financial Supervisory Commission (“FSC”)

New standards, interpretations and amendments endorsed by the FSC and became effective from 2023 are as follows:

New standards, interpretations and amendments endorsed by the FSC 2023 are as follows:	and became effective from
New Standards,Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IAS 1, ‘Disclosure of accounting policies’ Amendments to IAS 8, ‘Definition of accounting estimates’ Amendments to IAS 12, ‘Deferred tax related to assets and liabilities arising from a single transaction’ Amendments to IAS 12, ‘International tax reform - pillar two model rules’	January 1, 2023 January 1, 2023 January 1, 2023 May 23, 2023

~17~

Except for the following, the above standards and interpretations have no significant impact to the Group’s financial condition and financial performance based on the Group’s assessment. The related information and quantitative impact are provided in Note 6(27):

Amendments to IAS 12, ‘International tax reform - pillar two model rules’

The amendments give companies temporary relief from accounting for deferred income taxes arising from the tax law enacted or substantively enacted to implement the Pillar Two model rules published by the Organization for Economic Co-operation and Development (OECD). An entity shall neither recognise nor disclose information about deferred tax assets and liabilities related to Pillar Two income taxes.

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

New standards, interpretations and amendments endorsed by the FSC and will become effective from 2024 are as follows:

2024 are as follows:
New Standards,Interpretations andAmendments	Effective date by International Accounting StandardsBoard
Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’ Amendments to IAS 1, ‘Classification of liabilities as current or non-current’ Amendments to IAS 1, ‘Non-current liabilities with covenants’ Amendments to IAS 7 and IFRS 7, ‘Supplier finance arrangements’	January 1, 2024 January 1, 2024 January 1, 2024 January 1, 2024

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

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

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

Accounting Standards as endorsed by the FSC are as follows:
New Standards,Interpretations andAmendments	Effective date by International Accounting StandardsBoard
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’ IFRS 17, ‘Insurance contracts’ Amendments to IFRS 17, ‘Insurance contracts’ Amendment to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 – comparative information’ Amendments to IAS 21, ‘Lack of exchangeability’	To be determined by International Accounting Standards Board January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2025

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

~18~

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of these consolidated financial statements are 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", International Financial Reporting Standards, International Accounting Standards, IFRIC® Interpretations, and SIC® Interpretations that came into effect as endorsed by the FSC (collectively referred herein as the "IFRSs").

(2) Basis of preparation

A. 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 recognised based on the net amount of pension fund assets less present value of defined benefit obligation.
B. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires 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.

(3) Basis of consolidation

A. Basis for preparation of consolidated financial statements:
(a) All subsidiaries are included in the Group’s consolidated financial statements. Subsidiaries are all entities (including structured entities) controlled by the Group. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Consolidation of subsidiaries begins from the date the Group obtains control of the subsidiaries and ceases when the Group loses control of the subsidiaries.
(b) Inter-company transactions, balances and unrealised gains or losses on transactions between companies within the Group are eliminated. Accounting policies of subsidiaries are consistent with the policies adopted by the Group.
(c) Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests. Total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the noncontrolling interests having a deficit balance.

~19~

(d) Changes in a parent’s ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary (transactions with non-controlling interests) are accounted for as equity transactions, i.e. transactions with owners in their capacity as owners. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity.
(e) When the Group loses control of a subsidiary, the Group remeasures any investment retained in the former subsidiary at its fair value. That fair value is regarded as the fair value on initial recognition of a financial asset or the cost on initial recognition of the associate or joint venture. Any difference between fair value and carrying amount is recognised in profit or loss. All amounts previously recognised in other comprehensive income in relation to the subsidiary are reclassified to profit or loss, on the same basis as if the related assets or liabilities were disposed of. That is, when the Group loses control of a subsidiary, all gains or losses previously recognised in other comprehensive income in relation to the subsidiary should be reclassified from equity to profit or loss, if such gains or losses would be reclassified to profit or loss when the related assets or liabilities are disposed of.
B. Subsidiaries included in the consolidated financial statements:

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
1 2 3 4 5 6	Delta Electronics, Inc. `〃` `〃` `〃` `〃` `〃`	Delta International Holding Limited B.V. (DIH) Delta Networks Holding Limited (DNH) Delta Electronics (Netherlands) B.V. (DEN) Cyntec Co., Ltd. (Cyntec) DelBio Inc. (DelBio) Delta Electronics Capital Company (DECC)	Equity investments `〃` Sales of power products, display solution products, electronic components, industrial automation products and materials Research, development, manufacturing and sales of film optic-electronics devices Manufacturing, wholesale and retail of medical equipment Equity investments	100 100 100 100 100 100	100 100 100 100 100 100

~20~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
7 8 9 10 11 12 13 14 15 16	Delta Electronics, Inc. Delta Electronics, Inc. and DIH/Delta Electronics, Inc. and DEN DEN DIH `〃` DEN DGSG, Drake-HK and Boom Boom/DEN DIH Drake/DEN	Delta Electronics Int'l (Singapore) Pte. Ltd. (DEIL-SG) Delta America Ltd. (DAL) Delta Electronics (H.K.) Ltd. (DHK) DEI Logistics (USA) Corp. (ALI) Delta Electronics (Japan), Inc. (DEJ) Drake Investment (HK) Limited (Drake- HK) Delta Greentech (China) Co., Ltd. (DGC) Delta Greentech SGP Pte. Ltd. (DGSG) Delta Electronics Europe Ltd. (DEU) Boom Treasure Limited (Boom)	Research, development and sales of electronic products Equity investments Equity investments, operations management and engineering services Warehousing and logistics services Sales of power products, display solution products, electronic components, industrial automation products and materials Equity investments Sales of uninterruptible power systems and others Equity investments Repair centre and providing support services Equity investments	100 100 100 100 100 100 95.91 100 - 100	100 100 100 100 100 100 95.91 100 100 100	Note 4 Note 7 Note 14 Note 9

~21~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
17 18 19 20 21 22 23 24 25	DHK `〃` `〃` `〃` `〃` `〃` DHK and DIH DHK `〃`	Delta Electronics (Dongguan) Co., Ltd. (DDG) Delta Electronics (Shanghai) Co., Ltd. (DPEC) Delta Electronics (Jiangsu) Ltd. (DWJ) Delta Electronics (Wuhu) Co., Ltd. (DWH) Delta Electronics (Chenzhou) Co., Ltd. (DCZ) Cyntec Electronics (Wuhu) Co., Ltd. (CEWH) Delta Electronics International Mexico, S.A. de C.V. (DEIL-MX) Delta Green (Tianjin) Industries Co., Ltd. (DGT) Delta Electronics (Pingtan) Co., Ltd. (Delta Pingtan)	Manufacturing and sales of transformer and thermal products Product design, management consulting service and distribution of electronic products Manufacturing and sales of power supplies and transformers Manufacturing and sales of LED light source, power supplies and others Manufacturing and sales of transformers Manufacturing and sales of electronic components, molds, forgings and powder metallurgy products Sales of power management system of industrial automation product and telecommunications equipment Manufacturing and sales of transformers Wholesale and retail of electronic products and energy-saving equipment	100 100 100 100 100 100 100 100 100	100 100 100 100 100 100 100 100 100

~22~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
26 27 28 29 30 31 32 33 34 35	DEJ `〃` DCZ DNH DHK/DNI Cayman DHK Cyntec Fairview Grandview `〃`	Addtron Technology (Japan), Inc. (AT Japan) Delta Electronics (Korea), Inc. (Delta Korea) Chenzhou Delta Technology Co., Ltd. (CDT) Delta Networks, Inc. (DNI Cayman) Delta Networks (HK) Limited (DNHK) Delta Networks (Dongguan) Ltd. (DII) Fairview Assets Ltd. (Fairview) Grandview Holding Ltd. (Grandview) CYNTEC HOLDING (HK) LIMITED (CHK) Cyntec International Ltd. (CIL-Labuan)	Trading of networking system and peripherals Sales of power products, display solution products electronic components, industrial automation products and their materials Manufacturing and sales of transformers Equity investments `〃` Manufacturing and sales of other radio-broadcast receivers and the equipment in relation to broadband access networking system Equity investments `〃` `〃` Trading	100 100 100 100 100 100 100 100 100 -	100 100 100 100 100 100 100 100 100 100	Note 5 Note 15

~23~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
36 37 38 39 40 41 42 43 44	DHK DelBio DIH `〃` `〃` DELTA ELECTRONICS (NORWAY) AS `〃` Delta Energy Systems (Singapore) PTE. LTD. DELTA ELECTRONICS (NORWAY) AS, DIH and ELTEK MEA DMCC/DELTA ELECTRONICS (NORWAY) AS	Cyntec Electronics (Suzhou) Co., Ltd. (CES) DelBio (Wujiang) Co, Ltd DELTA ELECTRONICS (NORWAY) AS Delta Controls Inc. (DCI) DELTA ELECTRONICS HOLDING (USA) INC. ELTEK PAKISTAN (PRIVATE) LIMITED DELTA Electronics (Germany) GmbH Delta Electronics (Australia) Pty Ltd Eltek Egypt for Power Supply S.A.E.	Manufacturing and sales of electronic components and molds; sales of forgings and powder metallurgy products Manufacturing, wholesale and retail of medical equipment Research, development and sales of power supplies and others Provide solutions to building management and control Equity investments Sales of power supplies and others Sales of power supplies and others and system installation `〃` Sales of power supplies and others	100 100 100 100 100 100 100 100 100	100 100 100 100 100 100 100 100 95	Note 6

~24~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
45 46 47 48 49 50 51 52 53 54	DELTA ELECTRONICS (NORWAY) AS and DELTA ELECTRONICS (USA) INC. DELTA ELECTRONICS (NORWAY) AS and Eltek SGS Pvt Ltd. DELTA ELECTRONICS (NORWAY) AS `〃` `〃` `〃` `〃` `〃` DELTA Electronics (Germany) GmbH DEIL-SG	Eltek SGS Pvt Ltd. Eltek SGS Mechanics Pvt Ltd. DELTA ELECTRONICS (France) SAS ELTEK MEA DMCC Eltek Italia S.r.l. Delta Electronics (Sweden) AB DELTA ELECTRONICS (UK) LTD OOO Eltek DELTA Montage GmbH ELTEK POWER INCORPORATED	Sales of power supplies and others and system installation Sales of power supplies and others Sales of power supplies and others and system installation Sales of power supplies and others `〃` `〃` `〃` Sales of power supplies and others and system installation Installation and maintenance of power supplies Sales of power supplies and others	100 51 100 100 - 100 100 100 100 100	100 51 100 100 100 100 100 100 100 100	Note 14

~25~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
55 56 57 58 59 60 61 62 63	DEIL-SG `〃` `〃` DELTA ELECTRONICS HOLDING (USA) INC. DELTA ELECTRONICS (USA) INC. and DELTA ELECTRONICS HOLDING (USA) INC. DEN and DELTA ELECTRONICS (USA) INC. DELTA ELECTRONICS (USA) INC. and DELTA ELECTRONICS HOLDING (USA) INC. DELTA ELECTRONICS (USA) INC. DELTA ELECTRONICS (USA) INC. and DELTA ELECTRONICS HOLDING (USA) INC.	ELTEK POWER CO., LTD. ELTEK POWER (CAMBODIA) LTD. ELTEK POWER (MALAYSIA) SDN. BHD. DELTA ELECTRONICS (USA) INC. DELTA ELECTRONICS (ARGENTINA) S.R.L. ELTEK SISTEMAS DE ENERGIA INDUSTRAI E COMERCIO LTDA. DELTA ELECTRONICS (PERU) INC. S.R.L. DELTA ELECTRONICS (COLOMBIA) S.A.S. Eltekenergy Services, S.A. de C.V.	Sales of power supplies and others `〃` `〃` Manufacturing and sales of power supplies Sales of power supplies and others Manufacturing and sales of power supplies Sales of power supplies and others `〃` `〃`	100 100 100 100 100 100 100 100 100	100 100 100 100 100 100 100 100 100	Note 1 Note 2

~26~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
64 65 66 67 68 69 70 71 72 73	DAL Delta Electronics, Inc. and Cyntec/Cyntec DPEC and DGC DEIL-SG DHK `〃` DIH DEN DEN and DELTA ELECTRONICS (USA) INC. DECH	Delta Electronics (Americas) Ltd. Power Forest Technology Corporation (Power Forest) Delta Energy Technology Puhuan (Shanghai) Co., Ltd. Loy Tec electronics GmbH (Loy Tec) Delta Electronics (Beijing) Co., Ltd. Delta Electronics (Xi'an) Co., Ltd. Delta Electronics (Switzerland) AG (DECH) Delta Greentech Electronics Industry LLC DELTA GREENTECH (BRASIL) LTDA. (DGB) Delta Electronics (Czech Republic), spol. s.r.o.	Sales of electronic components IC design of power management Sales of solar power products, photovoltaic equipment and components, and energy saving management services Consulting service of building management and control solutions Installation of mechanic, electronic, telecommunication and circuit equipment Sales of computers, peripherals and software Equity investments, research, development and sales of electronic products Marketing and sales of electronic products Manufacturing and sales of electronic products Sales of electronic products	100 86.65 100 100 - 100 100 100 100 100	100 99.74 100 100 100 100 100 100 100 100	Note 12

~27~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
74 75 76 77 78 79 80 81 82 83 84 85 86 87	DECH `〃` `〃` `〃` Delta Electronics, Inc. Vivotek `〃` `〃` `〃` Vivotek Holdings, Inc. Realwin Vivotek Realwin `〃`	Delta Electronics (Italy) S.r.l. Delta Electronics (Poland) Sp. z o.o. Delta Solutions (Finland) Oy Delta Electronics Solutions (Spain) SL Vivotek Inc. (Vivotek) Vivotek Holdings, Inc. Realwin Investment Inc. (Realwin) Vivotek Netherlands B.V. Vivotek (Japan) Inc. Vivotek USA, Inc. Wellstates Investment, LLC Otus Imaging, Inc. Aetek Inc. Lidlight Inc.	Sales of electronic products `〃` `〃` `〃` Manufacturing and sales of video compression software and encoding, network video server, webcam and its related components Holding company A venture capital company Sales service `〃` Sales of webcams and related components Investment and commercial lease of real estate Sales of webcams and related components `〃` Sales of lighting equipment	100 100 100 100 56.75 100 100 100 100 100 100 - 56.21 51	100 100 100 100 56.75 100 100 100 100 100 100 100 56.21 51	Note 13

~28~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
88 89 90 91 92 93 94 95 96 97	DEN Delta Electronics, Inc., DEIL-SG and DIH DET `〃` `〃` `〃` DET and Delta Energy Systems (Singapore) PTE. LTD. DET International Holding B.V. `〃` `〃`	DELTA ELECTRONICS BRASIL LTDA. Delta Electronics (Thailand) Public Company Limited (DET) DET International Holding B.V. Delta Energy Systems (Singapore) PTE. LTD. Delta Green Industrial (Thailand) Co., Ltd. Delta Electronics (Vietnam) Company Limited DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED DET Logistics (USA) Corporation Delta Energy Systems (Germany) GmbH Delta Energy Systems (India) Private Ltd.	Manufacturing and sales of electronic products Manufacturing and exporting power supplies, other electronic parts and components Equity investments Equity investments, trading, management and consultancy Integration, sales, trading, installation and providing services of uninterruptible power supply, photovoltaic inverter, electric cars changer and data center Sales of electronic products Manufacturing and sales of electronic products Providing logistics services in USA Development, marketing and sales of electronic products Marketing and sales of electronic products	100 63.07 100 100 100 100 100 100 100 100	100 63.78 100 100 100 100 100 100 100 100

~29~

Ownership (%)

No.	Name of Investor	Name of Subsidiary	Main Business Activities	December 31,2023	December 31,2022	Description
98 99 100 101 102 103 104 105 106	DET International Holding B.V. and Delta Energy Systems (Singapore) PTE. LTD. DET International Holding B.V. Delta Energy Systems (Germany) GmbH Delta Energy Systems (Singapore) PTE. LTD. `〃` `〃` `〃` `〃` Delta Greentech (Netherlands) B.V.	Delta Electronics (Slovakia) s.r.o. Delta Energy Systems (Romania) S.R.L. Delta Energy Systems Property (Germany) GmbH Delta Electronics (Holdings) Australia Pty Ltd Delta Electronics India Pvt. Ltd. Delta Electronics (Myanmar) Co., Ltd. Delta Energy Systems (UK) Ltd. Delta Greentech (Netherlands) B.V. Delta Energy Systems LLC	Manufacturing and sales of power supplies, power system and OEM power system Research and development Property rights business Marketing and sales of renewable energy products Manufacturing and marketing of non- telecom power system and uninterruptible power supply, and sales of uninterruptible power supply Manufacturing of electronic products used in CMP manufacturing process and machinery Research and development of electronic products Equity investments Marketing and sales of power systems	100 100 100 - 100 100 100 100 100	100 100 100 100 100 100 100 100 100	Note 12

~30~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
107 108 109 110 111 112 113 114 115 116 117	DET International Holding B.V., Delta Greentech (Netherlands) B.V. / Delta Greentech (Netherlands) B.V. DET International Holding B.V. / Delta Greentech (Netherlands) B.V. DIH/DEN Amerlux Amerlux Lighting Asia, LLC Amerlux Lighting Hong Kong Limited DIH DPI Digital Projection Holdings Limited Digital Projection Limited DIH/DEN	Eltek s.r.o. Delta Electronics (Automotive) Americas Inc. Amerlux, LLC (Amerlux) Amerlux Lighting Asia, LLC Amerlux Lighting Hong Kong Limited Guangzhou Amerlux Lighting Solutions Company Limited Digital Projection International Ltd. (DPI) Digital Projection Holdings Limited Digital Projection Limited Digital Projection Inc. Trihedral Engineering Limited (Trihedral)	Manufacturing of telecom power system Research and development of automotive power and traction inverter Design and production of dedicated lighting system and facilities Equity investments `〃` Wholesale of lighting fixture and decorative objects Equity investments `〃` Research, development and sales of projector products Sales of projector products Graphic control software and related engineering services	100 100 100 100 100 100 100 100 100 100 100	100 100 100 100 100 100 100 100 100 100 100	Note 11 Note 10 Note 8 Note 4

~31~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
118 119 120 121 122 123 124 125 126 127 128 129 130	Trihedral `〃` DIH March Networks Holdings Ltd. March Networks Corporation `〃` `〃` `〃` `〃` `〃` March Networks B.V. `〃` DHK	Trihedral Inc. Trihedral UK Limited March Networks Holdings Ltd. March Networks Corporation March Networks, Inc. March Networks de Mexico, S.A.de C.V. March Networks (Australia) Pty Limited March Networks Limited March Networks (Singapore) Pte. Limited March Networks B.V. March Networks S.r.l. March Networks (France) SAS Delta Electronics (Chongqing) Ltd.	Graphic control software and related engineering services `〃` Equity investments Security surveillance software and hardware and related engineering services `〃` `〃` `〃` `〃` `〃` `〃` `〃` `〃` Manufacturing electronic parts of new energy vehicles and parts for power of electronic equipment	100 100 100 100 100 100 100 100 100 100 100 100 100	100 100 100 100 100 100 100 100 100 100 100 100 100

~32~

No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
131 132 133 134 135 136 137 138 139 140 141 142 143	Delta Electronics, Inc. Delta Electronics, Inc. and DECC DIH UI Acquisition Holding Co. UI Holding Co. `〃` UI Acquisition Holding Co. and UI Holding Co. UI European Holdco. Cooperatief U.A. `〃` `〃` UI Holding Co. and UI European Holdco. Cooperatief U.A. DELTA ELECTRONICS (NORWAY) AS March Networks S.r.l.	Delmind Inc. (Delmind) Ancora Semiconductors Inc. (Ancora) UI Acquisition Holding Co. UI Holding Co. Universal Instruments Corporation Hover-Davis, Inc. UI European Holdco. Cooperatief U.A. Universal Instruments (Hong Kong) Limited Universal Instruments s.r.o. Universal Instruments Mfg. (Shenzhen) Co. Ltd. Universal Instrument de Mexico S.A. de C.V Graterudveien 8 AS March Networks Poland Sp. Z o.o.	Provide vertical add-on value solution Gallium Nitride (GaN) technologies and solutions Equity investments `〃` Precision automation solutions `〃` Equity investments Precision automation solutions `〃` `〃` `〃` Property rights business Research and development on business intelligence applications	70 74.28 100 100 100 100 100 100 100 100 100 100 100	70 74.28 100 100 100 100 100 100 100 100 100 100 100

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No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
144 145 146 147 148 149 150 151 152 153 154	Delta Electronics, Inc. Atrust APLUS COMPUTER (SAMOA) COMPANY LIMITED `〃` Delta Electronics, Inc. DET International Holding B.V. DIH HY&T Investments Holding B.V. TB&C Investments Holding B.V. TB&C Holding GmbH `〃`	Atrust Computer Corporation (Atrust) APLUS COMPUTER (SAMOA) COMPANY LIMITED Atrust Japan Corporation Atrust Computer Corporation Delta Energy Inc. (Delta Energy) Delta Electronics (Hungary) Kft. HY&T Investments Holding B.V. TB&C Investments B.V. TB&C Holding GmbH TB&C Outsert Center GmbH TB&C Technology GmbH	Research development, manufacturing and sales of Thin Client, Zero Client, server and management software Equity investments Provide supporting services `〃` Providing energy technology services Manufactuing of automotive and electronic products Equity investments `〃` `〃` Manufacturing and sales of Electric Vehicle (EV) components Technology service, research, development, and consultation of EV components	55.02 100 100 100 100 100 100 100 100 100 100	- - - - - - - - - - -	Note 3 Note 3 Note 3 Note 3 Note 3 Note 3 Note 3 Note 3 Note 3 Note 3 Note 3

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No.	Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%)	Ownership (%)	Description
				December 31,2023	December 31,2022
155 156 157 158	TB&C Holding GmbH TB&C Outsert International B.V. TB&C Outsert International B.V. and TB&C Holding GmbH TB&C Outsert Mexico, S. De R.L. DE C.V. and TB&C Outsert International B.V.	TB&C Outsert International B.V. TB&C Outsert Romania SRL TB&C Outsert Mexico, S. De R.L. DE C.V. TB&C Outsert Servicios, S. DE R.L. DE C.V.	Equity investments Manufacturing and sales of automobile components `〃` Technology service	100 100 100 100	- - - -	Note 3 Note 3 Note 3 Note 3

Note 1: 55% of shares are held through others due to local regulations.
Note 2: 71% of shares are held through others due to local regulations.
Note 3: The company was established or acquired through merger during 2023.
Note 4: In March 2023, Delta International Holding Limited B.V. acquired a 100% equity interest in Delta America Ltd. and Trihedral Engineering Limited from Delta Electronics (Netherlands) B.V.
Note 5: In December 2023, Delta Electronics (H.K.) Ltd. acquired a 100% equity interest in Delta Networks (HK) Limited (DNHK) from Delta Networks, Inc.
Note 6: Formerly named ELTEK AS was renamed as DELTA ELECTRONICS (NORWAY) AS.
Note 7: In June 2023, Boom Treasure Limited issued new shares to Delta Electronics (Netherlands) B.V. to acquire its 100% equity interest held in Delta Greentech SGP Pte. Ltd.
Note 8: In May 2023, Delta International Holding Limited B.V. acquired a 100% equity interest in Amerlux, LLC from Delta Electronics (Netherlands) B.V.
Note 9: In July 2023, Drake Investment (HK) Limited issued new shares to Delta Electronics (Netherlands) B.V. to acquire its 100% equity interest held in Boom Treasure Limited.
Note 10: In December 2023, DET International Holding B.V. acquired a 100% equity interest in Delta Electronics (Automotive) Americas Inc. from Delta Greentech (Neverlands) B.V.
Note 11: In October 2023, DET International Holding B.V. acquired a 55% equity interest in Eltek s.r.o. from Delta Greentech (Neverlands) B.V.
Note 12: This company had been liquidated in December 2023.
Note 13: The investor disposed the subsidiary in March 2023 and had no control over

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the subsidiary.

Note 14: This company had been liquidated in January 2023.

Note 15: This company had been liquidated in March 2023.

C. Subsidiaries not included in the consolidated financial statements: None.
D. Adjustments for subsidiaries with different balance sheet dates: None.
E. Significant restrictions: None.
F. Subsidiaries that have non-controlling interests that are material to the Group:

As at December 31, 2023, and 2022, the non-controlling interest amounted to $43,571,715 and $38,578,278, respectively. The information on non-controlling interest and respective subsidiary is as follows:

is as follows:
Name ofsubsidiary	Principal place ofbusiness Taiwan Thailand	December	Ownership Ownership (%) Amount (%) 43.25% 3,498,166 $ 43.25% 36.93% 33,992,121 36.22% Non-controllinginterest 31,2023 December31,2022
		Amount 3,458,667 $ 38,336,796
Vivotek Inc. (Vivotek) Delta Electronics (Thailand) Public Company limited (DET)

Summarised financial information of the subsidiary:

Balance sheets

Balance sheets
			DET
		December31,2023			December31,2022
Current assets		$	68,137,815		$	59,033,050
Non-current assets			72,623,607			67,524,042
Current liabilities	(		32,619,488)	(		29,209,851)
Non-current liabilities	(		3,995,338)	(		3,250,195)
Total net assets		$	104,146,596		$	94,097,046
			Vivotek
		December31,2023			December31,2022
Current assets		$	4,959,511		$	5,703,205
Non-current assets			5,735,945			5,772,970
Current liabilities	(		2,581,764)	(		3,187,495)
Non-current liabilities	(		207,424)	(		290,286)
Total net assets		$	7,906,268		$	7,998,394

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Statements of comprehensive income

Revenue

Profit before income tax Income tax expense

Profit for the year from continuing operations Other comprehensive (loss) income, net of tax Total comprehensive income for the year Comprehensive income attributable to non-controlling interest Dividends paid to non-controlling interest

Revenue

Profit before income tax Income tax expense

==> picture [225 x 392] intentionally omitted <==

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

DET
Years ended December 31,
2023 2022
$ 130,478,347 $ 100,321,381
15,789,049 11,859,169
( 956,644) ( 395,121)
14,832,405 11,464,048
( 511,875) 43,546
$ 14,320,530 $ 11,507,594
$ 5,288,581 $ 4,168,051
$ 1,638,594 $ 665,450
Vivotek
Years ended December 31,
2023 2022
$ 9,162,423 $ 9,948,137
470,531 670,108
( 64,160) ( 99,414)
406,371 570,694
( 1,354) 43,461
$ 405,017 $ 614,155
$ 189,099 $ 284,074
$ 205,923 $ 52,962
----- End of picture text -----

Statements of cash flows

Statements of cash flows
			DET
			Years ended	December31,
			2023		2022
Net cash provided by operating activities		$	11,867,200	$	11,210,412
Net cash used in investing activities	(		10,700,105)	(	6,435,011)
Net cash used in financing activities	(		3,121,772)	(	2,046,929)
Effect of exchange rates on cash and cash
equivalents	(		245,025)		885,268
(Decrease) increase in cash and cash equivalents	(		2,199,702)		3,613,740
Cash and cash equivalents, beginning of year			9,068,141		5,454,401
Cash and cash equivalents, end of year		$	6,868,439	$	9,068,141

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Vivotek

			Vivotek	Vivotek	Vivotek	Vivotek
			Years endedDecember31,
			2023			2022
Net cash provided by operating activities		$	1,639,662		$	468,397
Net cash used in investing activities	(		34,059)	(		74,282)
Net cash used in financing activities	(		427,765)	(		379,826)
Effect of exchange rates on cash and cash
equivalents	(		1,591)			35,636
Increase in cash and cash equivalents			1,176,247			49,925
Cash and cash equivalents, beginning of year			1,044,823			994,898
Cash and cash equivalents, end of year		$	2,221,070		$	1,044,823

(4) Foreign currency translation

Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in New Taiwan dollars, which is the Company’s functional and the Group’s presentation currency.

A. Foreign currency transactions and balances
(a) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognised in profit or loss in the period in which they arise, except when deferred in other comprehensive income as qualifying cash flow hedges.
(b) Monetary assets and liabilities denominated in foreign currencies at the period end are retranslated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognised in profit or loss.
(c) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognised in profit or loss as part of the fair value gain or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognised in other comprehensive income. However, non-monetary assets and liabilities denominated in foreign currencies that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions.
(d) All other foreign exchange gains and losses are presented in the statement of comprehensive income within other gains and losses.

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B. Translation of foreign operations
(a) The operating results and financial position of all the group entities, associates and joint arrangements that have a functional currency different from the presentation currency are translated into the presentation currency as follows:
- i. Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet;
- ii. Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and
- iii. All resulting exchange differences are recognised in other comprehensive income.
(b) When the foreign operation partially disposed of or sold is an associate or joint arrangements, exchange differences that were recorded in other comprehensive income are proportionately reclassified to profit or loss as part of the gain or loss on sale. In addition, even the Group still retains partial interest in the former foreign associate or joint arrangements after losing significant influence over the former foreign associate, or losing joint control of the former joint arrangements, such transactions should be accounted for as disposal of all interest in these foreign operations.
(c) When the foreign operation partially disposed of or sold is a subsidiary, cumulative exchange differences that were recorded in other comprehensive income are proportionately transferred to the non-controlling interest in this foreign operation. In addition, even the Group still retains partial interest in the former foreign subsidiary after losing control of the former foreign subsidiary, such transactions should be accounted for as disposal of all interest in the foreign operation.
(d) Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing exchange rates at the balance sheet date.

(5) Classification of current and non-current items

A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets:
(a) Assets arising from operating activities that are expected to be realised, or are intended to be sold or consumed within the normal operating cycle;
(b) Assets held mainly for trading purposes;
(c) Assets that are expected to be realised within twelve months from the balance sheet date;
(d) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to pay off liabilities more than twelve months after the balance sheet date.

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B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities:
(a) Liabilities that are expected to be paid off within the normal operating cycle;
(b) Liabilities arising mainly from trading activities;
(c) Liabilities that are to be paid off within twelve months from the balance sheet date;
(d) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.

(6) Cash equivalents

Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits that meet the definition above and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.

(7) Financial assets at fair value through profit or loss

A. Financial assets at fair value through profit or loss are financial assets that are not measured at amortised cost or fair value through other comprehensive income. Financial assets at amortised cost or fair value through other comprehensive income are designated as at fair value through profit or loss at initial recognition when they eliminate or significantly reduce a measurement or recognition inconsistency.
B. On a regular way purchase or sale basis, financial assets at fair value through profit or loss are recognised and derecognised using trade date accounting.
C. At initial recognition, the Group measures the financial assets at fair value and recognises the transaction costs in profit or loss. The Group subsequently measures the financial assets at fair value, and recognises the gain or loss in profit or loss.
D. The Group recognises the dividend income when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.

(8) Financial assets at fair value through other comprehensive income

A. Financial assets at fair value through other comprehensive income comprise equity securities which are not held for trading, and for which the Group has made an irrevocable election at initial recognition to recognise changes in fair value in other comprehensive income.
B. On a regular way purchase or sale basis, financial assets at fair value through other comprehensive income are recognised and derecognised using trade date accounting.
C. Financial assets at fair value through other comprehensive income are initially recognised at fair

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value plus transaction costs. These financial assets are subsequently remeasured and stated at fair value. The changes in fair value of equity investments that were recognised in other comprehensive income are reclassified to retained earnings and are not reclassified to profit or loss following the derecognition of the investment. Dividends are recognised as revenue when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.

(9) Financial assets at amortised cost

A. Financial assets at amortised cost are those that meet all of the following criteria:
(a) The objective of the Group’s business model is achieved by collecting contractual cash flows.
(b) The assets’ contractual cash flows represent solely payments of principal and interest.
B. The Group’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is immaterial.

(10) Accounts and notes receivable

A. Accounts and notes receivable entitle the Group a legal right to receive consideration in exchange for transferred goods or rendered services.
B. The short-term accounts and notes receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.
C. The Group’s operating pattern of accounts receivable that are expected to be factored is for the purpose of selling, and the accounts receivable are subsequently measured at fair value, with any changes in fair value recognised in profit or loss.

(11) Impairment of financial assets

For financial assets at amortised cost and accounts receivable or contract assets that have a significant financing component, at each reporting date, the Group recognises the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognises the impairment provision for the lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts.

(12) Derecognition of financial assets

The Group derecognises a financial asset when one of the following conditions is met:

A. The contractual rights to receive the cash flows from the financial asset expire.
B. The contractual rights to receive cash flows of the financial asset have been transferred and the Group has transferred substantially all risks and rewards of ownership of the financial asset.
C. The contractual rights to receive cash flows of the financial asset have been transferred and, the Group has not retained control of the financial asset.

(13) Inventories

Inventories are stated at the lower of cost and net realisable value. The cost of finished goods and

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work in process comprises raw materials, direct labour, other direct costs and related production overheads (allocated based on normal operating capacity); however, borrowing costs are excluded. The item by item approach is used in applying the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and applicable variable selling expenses.

(14) Non-current assets held for sale

Non-current assets are classified as assets held for sale when their carrying amount is to be recovered principally through a sale transaction rather than through continuing use, and a sale is considered highly probable. They are stated at the lower of carrying amount and fair value less costs to sell.

(15) Investments accounted for under the equity method

A. Associates are all entities over which the Group has significant influence but not control. In general, it is presumed that the investor has significant influence, if an investor holds, directly or indirectly 20 percent or more of the voting power of the investee. Investments in associates are accounted for using the equity method and are initially recognised at cost.
B. The Group’s share of its associates’ post-acquisition profits or losses is recognised in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognised in other comprehensive income. When the Group’s share of loss in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.
C. When changes in associates’ equity do not arise from profit or loss or other comprehensive income of the associate and such changes do not affect the Group’s ownership percentage of the associate, the Group recognises the Group’s share of change in equity of the associate in ‘capital surplus’ in proportion to its ownership.
D. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates are consistent with the policies adopted by the Group.
E. In the case that an associate issues new shares and the Group does not subscribe or acquire new shares proportionately, which results in a change in the Group’s ownership percentage of the associate but maintains significant influence on the associate, then ‘capital surplus’ and ‘investments accounted for under the equity method’ shall be adjusted for the increase or decrease of its share of equity interest. If the above condition causes a decrease in the Group’s ownership percentage of the associate, in addition to the above adjustment, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately on the same basis as would be required if the relevant assets or liabilities were disposed of.

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F. Upon loss of significant influence over an associate, the Group remeasures any investment retained in the former associate at its fair value. Any difference between fair value and carrying amount is recognised in profit or loss.
G. When the Group disposes its investment in an associate and loses significant influence over this associate, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss, on the same basis as would be required if the relevant assets or liabilities were disposed of. If it retains significant influence over this associate, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately in accordance with the aforementioned approach.

(16) Cash surrender value of life insurance

Premium paid for life insurance with saving nature belonging to cash surrender value is recognised as a deduction to insurance premium expense in current period and is added to the carrying amount of cash surrender value.

(17) Property, plant and equipment

A. Property, plant and equipment are initially recorded at cost. Borrowing costs incurred during the construction period are capitalised.
B. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably.
C. Land is not depreciated. Other property, plant and equipment apply cost model and are depreciated using the straight-line method to allocate their cost over their estimated useful lives. Each part of an item of property, plant, and equipment with a cost that is significant in relation to the total cost of the item must be depreciated separately.
D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change. The estimated useful lives of property, plant and equipment are 2~15 years except for buildings, the estimated life of which is 5~55 years.

(18) Leasing arrangements (lessee) `－` right-of-use assets/lease liabilities

A. Leases are recognised as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Group. For short-term leases or leases of lowvalue assets, lease payments are recognised as an expense on a straight-line basis over the lease term.
B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate. Lease payments

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are fixed payments, less any lease incentives receivable. The Group subsequently measures the lease liability at amortised cost using the interest method and recognises interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognised as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications.

C. At the commencement date, the right-of-use asset is stated at cost comprising the following:
(a) The amount of the initial measurement of lease liability; and
(b) Any lease payments made at or before the commencement date.

The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset’s useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognised as an adjustment to the right-of-use asset.

(19) Investment property

An investment property is stated initially at its cost and measured subsequently using the cost model.

(20) Intangible assets
A. Goodwill

Goodwill arises in a business combination accounted for by applying the acquisition method. Acquisition prices in the business combination are calculated by the price of acquisition plus related direct costs. Goodwill is recognised at the difference of the acquisition prices less net fair value of identifiable assets acquired. The amortisation duration of acquisition prices may not exceed one year after the acquisition.

B. Trademarks

(a) Separately acquired trademarks with finite useful lives are stated at acquisition cost and are amortised on a straight-line basis over their estimated useful lives.
(b) Certain trademarks which are assessed to generate net cash inflows and have indefinite useful lives are recorded at actual cost. These are not amortised and instead, are tested for impairment annually.
C. Intangible assets other than goodwill and trademarks, mainly computer software, patents, customer relationship and technology authorisation fees, are amortised on a straight-line basis over the following: Economic useful life or contract term for computer software and patents; economic useful life for customer relationship; useful life for patent use rights or contract term for technology authorisation fees.

(21) Impairment of non-financial assets

A. The Group assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognised for the amount by

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which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value-in-use. When the circumstances or reasons for recognising impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortised historical cost would have been if the impairment had not been recognised.

B. The recoverable amounts of goodwill, intangible assets with an indefinite useful life and intangible assets that have not yet been available for use are evaluated periodically. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. Impairment loss of goodwill previously recognised in profit or loss shall not be reversed in the following years.
C. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the cash-generating units, or groups of cash-generating units, that is/are expected to benefit from the synergies of the business combination. Each unit or group of units to which the goodwill is allocated represents the lowest level within the entity at which the goodwill is monitored for internal management purposes. Goodwill is monitored at the operating segment level.

(22) Borrowings

Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost; any difference between the proceeds (transaction costs) and the redemption value is recognised in profit or loss over the period of the borrowings using the effective interest method.

(23) Notes and accounts payable

Notes and accounts payable are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. They are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. However, for shortterm accounts payable without bearing interest, as the effect of discounting is insignificant, they are measured subsequently at original invoice amount.

(24) Financial liabilities at fair value through profit or loss

A. Derivatives are categorised as financial liabilities held for trading unless they are designated as hedges.
B. At initial recognition, the Group measures the financial liabilities at fair value. All related transaction costs are recognised in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognised in profit or loss.

(25) Bonds payable

Ordinary corporate bonds issued by the Group are initially recognised at fair value less transaction costs. Any difference between the proceeds (net of transaction costs) and the redemption value is presented as an addition to or deduction from bonds payable, which is amortised to profit or loss over the period of bond circulation using the effective interest method as an adjustment to ‘finance costs’.

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(26) Derecognition of financial liabilities

A financial liability is derecognised when the obligation under the liability specified in the contract is discharged or cancelled or expires.

(27) Offsetting financial instruments

Financial assets and liabilities are offset and reported in the net amount in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

(28) Non-hedging and embedded derivatives

A. Non-hedging derivatives are initially recognised at fair value on the date a derivative contract is entered into and recorded as financial assets or financial liabilities at fair value through profit or loss. They are subsequently remeasured at fair value and the gains or losses are recognised in profit or loss.
B. Under the financial assets, the hybrid contracts embedded with derivatives are initially recognised as financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income and financial assets at amortised cost based on the contract terms.
C. Under the non-financial assets, whether the hybrid contracts embedded with derivatives are accounted for separately at initial recognition is based on whether the economic characteristics and risks of an embedded derivative are closely related in the host contract. When they are closely related, the entire hybrid instrument is accounted for by its nature in accordance with the applicable standard. When they are not closely related, the derivative is accounted for differently from the host contract as derivative while the host contract is accounted for by its nature in accordance with the applicable standard. Alternatively, the entire hybrid instrument is designated as financial liabilities at fair value through profit or loss upon initial recognition.

(29) Hedge accounting

A. At the inception of the hedging relationship, there is formal designation and documentation of the hedging relationship and the Group’s risk management objective and strategy for undertaking the hedge. That documentation shall include identification of the hedging instrument, the hedged item, the nature of the risk being hedged and how the Group will assess whether the hedging relationship meets the hedge effectiveness requirements.
B. The Group has designated its hedging relationship as
(a) Cash flow hedge: a hedge of the exposure to variability in cash flows that is attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction.
(b) Hedges of net investments in foreign operations.

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C. Cash flow hedges

(a) The cash flow hedge reserve associated with the hedged item is adjusted to the lower of the following (in absolute amounts):
- i. The cumulative gain or loss on the hedging instrument from inception of the hedge; and
- ii. The cumulative change in fair value of the hedged item from inception of the hedge.
(b) The effective portion of the gain or loss on the hedging instrument is recognised in other comprehensive income. The gain or loss on the hedging instrument relating to the ineffective portion is recognised in profit or loss.
(c) The amount that has been accumulated in the cash flow hedge reserve in accordance with (a) is accounted for as follows:
- i. If a hedged forecast transaction subsequently results in the recognition of a non-financial asset or non-financial liability, or a hedged forecast transaction for a non-financial asset or non-financial liability becomes a firm commitment for which fair value hedge accounting is applied, the Group shall remove that amount from the cash flow hedge reserve and include it directly in the initial cost or other carrying amount of the asset or liability.
- ii. For cash flow hedges other than those covered by i. above, that amount shall be reclassified from the cash flow hedge reserve to profit or loss as a reclassification adjustment in the same period or periods during which the hedged expected future cash flows affect profit or loss.
- iii. If that amount is a loss and the Group expects that all or a portion of that loss will not be recovered in one or more future periods, it shall immediately reclassify the amount that is not expected to be recovered into profit or loss as a reclassification adjustment.
(d) When the hedging instrument expires, or is sold, terminated, exercised or when the hedging relationship ceases to meet the qualifying criteria, if the forecast transaction is still expected to occur, the amount that has been accumulated in the cash flow hedge reserve shall remain in the cash flow hedge reserve until the forecast transaction occurs; if the forecast transaction is no longer expected to occur, the amount shall be immediately reclassified from the cash flow hedge reserve to profit or loss as a reclassification adjustment.
D. Hedges of net investments in foreign operations
(a) The hedges are handled similarly to cash flow hedges.
(b) The effective portion of the gain or loss on the hedging instrument is recognised in other comprehensive income. The ineffective portion is recognised in profit or loss.
(c) When dispose or partially dispose of foreign operations, the cumulative gain or loss on the hedging instrument relating to the effective portion of the hedge that has been accumulated in the foreign currency translation reserve shall be reclassified from equity to profit or loss as a reclassification adjustment.

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(30) Employee benefits

A. Pensions

(a) Defined contribution plan

Under the defined contribution plan, the contributions are recognised as pension expenses when they are due on an accrual basis. Prepaid contributions are recognised as an asset to the extent of a cash refund or a reduction in the future payments.

(b) Defined benefit plan

i. Net obligation under a defined benefit plan is defined as the present value of an amount of pension benefits that employees will receive on retirement for their services with the Group in current period or prior periods. The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The rate used to discount is determined by using interest rates of government bonds (at the balance sheet date) of a currency and term consistent with the currency and term of the employment benefit obligations.
ii. Remeasurements arising on defined benefit plans are recognised in other comprehensive income in the period in which they arise and are recorded as retained earnings.

iii. Past service costs are recognised immediately in profit or loss.

B. Employees’ compensation and directors’ and supervisors’ remuneration

Employees’ compensation and directors’ and supervisors’ remuneration are recognised as expenses and liabilities, provided that such recognition is required under legal or constructive obligation and those amounts can be reliably estimated. Any difference between the resolved amounts and the subsequently actual distributed amounts is accounted for as changes in estimates. If employees’ compensation is distributed by shares, the Group calculates the number of shares based on the closing price at the previous day of the board meeting resolution.

- (31) Employee share based payment

For the equity-settled share-based payment arrangements, the employee services received are measured at the fair value of the equity instruments granted at the grant date, and are recognised as compensation cost over the vesting period, with a corresponding adjustment to equity. The fair value of the equity instruments granted shall reflect the impact of market vesting conditions and nonmarket vesting conditions. Compensation cost is subject to adjustment based on the service conditions that are expected to be satisfied and the estimates of the number of equity instruments that are expected to vest under the non-market vesting conditions at each balance sheet date. Ultimately, the amount of compensation cost recognised is based on the number of equity instruments that eventually vest.

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(32) Income tax

A. The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or items recognised directly in equity, in which cases the tax is recognised in other comprehensive income or equity.
B. The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings and is recorded as income tax expense in the year the stockholders resolve to retain the earnings.
C. Deferred tax is recognised, using the balance sheet liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. However, the deferred tax is not accounted for if it arises from initial recognition of goodwill or of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss and does not give rise to equal taxable and deductible temporary differences. Deferred tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled.
D. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. At each balance sheet date, unrecognised and recognised deferred tax assets are reassessed.
E. Current income tax assets and liabilities are offset and the net amount is reported in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. Deferred tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax assets against current tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realise the asset and settle the liability simultaneously.

(33) Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or stock options are shown in equity as a deduction, net of tax, from the proceeds.

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(34) Dividends

Dividends are recorded in the Company’s financial statements in the period in which they are approved by the Company’s shareholders. Cash dividends are recorded as liabilities.

(35) Revenue recognition

A. Sales of goods
(a) The Group manufactures and sells power supply of computers, information technology, vehicles and electrical machines, automation equipment and related components products. Sales are recognised when control of the products has transferred, being when the products are delivered to the customer, the customer has full discretion over the channel and price to sell the products, and there is no unfulfilled obligation that could affect the customer’s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the customer, and either the customer has accepted the products in accordance with the sales contract, or the Group has objective evidence that all criteria for acceptance have been satisfied.
(b) Sales revenue is recognised based on the price specified in the contract, net of the estimated discounts and allowances. Accumulated experience is used to estimate and provide for the sales discounts and allowances, using the expected value method, and revenue is only recognised to the extent that it is highly probable that a significant reversal will not occur. The estimation is subject to an assessment at each reporting date. A refund liability is recognised for expected sales discounts and allowances payable to customers in relation to sales made until the end of the reporting period. Sales are usually made with a credit term of 30 to 90 days after acceptance. As the time interval between the transfer of committed goods or service and the payment of customer does not exceed one year, the Group does not adjust the transaction price to reflect the time value of money.
(c) The Group’s obligation to provide a refund for faulty products under the standard warranty terms is recognised as a provision.
(d) A receivable is recognised when the control of goods are transferred as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.
B. Installation of software and module services
(a) The Group provides installation of some software and module services. Revenue from providing services is recognised in the accounting period in which the services are rendered. For fixed-price contracts, revenue is recognised based on the actual service provided to the end of the reporting period as a proportion of the total services to be provided. This is determined based on the actual cost spent relative to the total expected cost. The customer pays at the time specified in the payment schedule. If the services rendered exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a

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contract liability is recognised.

(b) Some contracts include sales and installation services of equipment. The equipment and the installation services provided by the Group are not distinct and are identified to be one performance obligation satisfied over time since the installation services involve significant customisation and modification.
(c) The Group’s estimate about revenue, costs and progress towards complete satisfaction of a performance obligation is subject to a revision whenever there is a change in circumstances. Any increase or decrease in revenue or costs due to an estimate revision is reflected in profit or loss during the period when the management becomes aware of the changes in circumstances.
C. Incremental costs of obtaining a contract

Given that the contractual period lasts less than one year, the Group recognises the incremental costs of obtaining a contract as an expense when incurred although the Group expects to recover those costs.

(36) Government grants

Government grants are recognised at their fair value only when there is reasonable assurance that the Group will comply with any conditions attached to the grants and the grants will be received. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises expenses for the related costs for which the grants are intended to compensate. Government grants related to property, plant and equipment are presented by deducting the grants from the asset’s carrying amount and are amortised to profit or loss over the estimated useful lives of the related assets as reduced depreciation expenses.

(37) Business combinations

A. The Group uses the acquisition method to account for business combinations. The consideration transferred for an acquisition is measured as the fair value of the assets transferred, liabilities incurred or assumed and equity instruments issued at the acquisition date, plus the fair value of any assets and liabilities resulting from a contingent consideration arrangement. All acquisitionrelated costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. For each business combination, the Group measures at the acquisition date components of non-controlling interests in the acquiree that are present ownership interests and entitle their holders to the proportionate share of the entity’s net assets in the event of liquidation at either fair value or the present ownership instruments’ proportionate share in the recognised amounts of the acquiree’s identifiable net assets. All other non-controlling interests should be measured at the acquisition-date fair value.
B. The excess of the consideration transferred, the amount of any non-controlling interest in the acquiree and the fair value of any previous equity interest in the acquiree over the fair value of the identifiable assets acquired and the liabilities assumed is recorded as goodwill at the

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acquisition date. If the total of consideration transferred, non-controlling interest in the acquiree recognised and the fair value of previously held equity interest in the acquiree is less than the fair value of the identifiable assets acquired and the liabilities assumed, the difference is recognised directly in profit or loss on the acquisition date.

(38) Operating segments

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The Group’s chief operating decision-maker is responsible for allocating resources and assessing performance of the operating segments.

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

The preparation of these consolidated financial statements requires management to make critical judgments in applying the Group’s accounting policies and make critical assumptions and estimates concerning future events. Assumptions and estimates may differ from the actual results and are continually evaluated and adjusted based on historical experience and other factors. Such assumptions and estimates have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year; and the related information is addressed below:

(1) Critical judgments in applying the Group’s accounting policies

Investment property

The Group uses part of the property for its own use and part to earn rentals or for capital appreciation. When the portions cannot be sold separately and cannot be leased out separately under a finance lease, the property is classified as investment property only if the own-use portion accounts for less than 20 percent of the property.

(2) Critical accounting estimates and assumptions

Impairment assessment of goodwill

The impairment assessment of goodwill relies on the Group’s subjective judgment, including identifying cash-generating units, allocating assets and liabilities as well as goodwill to related cashgenerating units, and determining the recoverable amounts of related cash-generating units. Please refer to Note 6(9) for the information on goodwill impairment.

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

Cash and cash equivalents
Cash on hand Checking accounts and demand deposits Time deposits Cash equivalents	December31,2023 6,923 $ 55,502,675 31,768,600 177,718 87,455,916 $	December31,2022
		6,746 $ 45,250,071 16,044,200 245,819
		61,546,836 $

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A. The Group associates 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.
B. Details of the Group’s cash and cash equivalents pledged to others as collateral are provided in Note 8.

(2) Financial assets at fair value through profit or loss

AssetItems	December31,2023	December31,2023	December31,2022	December31,2022	December31,2022
Current items:
Financial assets mandatorily measured
at fair value through profit or loss
Listed stocks	$	1,638,877		$	618,669
Emerging stocks		186,267			71,748
Derivatives		576,526			605,847
Hybrid instrument-
Convertible bonds		90,856			45,009
		2,492,526			1,341,273
Valuation adjustment		2,411,548			418,339
	$	4,904,074		$	1,759,612
Non-current items:
Financial assets mandatorily measured
at fair value through profit or loss
Listed stocks	$	292,902		$	340,756
Emerging stocks		65,280			222,000
Unlisted stocks		1,425,624			1,521,372
Hybrid instrument-
Convertible preferred stocks		197,148			209,577
Hybrid instrument-
Convertible bonds		13,449			913,449
		1,994,403			3,207,154
Valuation adjustment	(	627,028)	(		435,527)
	$	1,367,375		$	2,771,627
LiabilityItems
Current items:
Financial liabilities held for trading
Derivatives	$	54,410		$	74,232

A. The Group has recognised the gain from financial assets and liabilities at fair value of $1,891,458 and $845,835 for the years ended December 31, 2023 and 2022, respectively.

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B. Details of the transactions and contract information in respect of derivative financial assets and liabilities for which the Group did not adopt hedge accounting are as follows:

liabilities for which the Group did	not adopt hedge accounting are as follows:	not adopt hedge accounting are as follows:
- Sell AUD / Buy USD - Sell BRL / Buy USD - Sell EUR / Buy NOK - Sell EUR / Buy USD - Sell HKD / Buy USD - Sell INR / Buy USD - Sell JPY / Buy USD - Sell THB / Buy EUR - Sell THB / Buy JPY - Sell USD / Buy CZK - Sell USD / Buy EUR - Sell USD / Buy NOK - Sell USD / Buy RMB - Sell USD / Buy SGD - Sell USD / Buy THB - Sell USD / Buy CHF - Sell SGD / Buy USD - Sell EUR / Buy NOK - Sell PLN / Buy NOK Cross currency swap: Financial instruments Forward exchange contracts:	December31,2023
	AUD 10,250 BRL 24,635 EUR 10,500 EUR 38,500 HKD 87,000 INR 834,178 JPY 3,210,000 THB 76,278 THB 126,828 USD 1,100 USD 8,129 USD 6,000 USD 205,000 USD 30,633 USD 420,500 USD 3,000 SGD 11,000 EUR 16,200 PLN 5,500 Contract amount (nominal principal) (in thousands)	Contractperiod
		2023.09.05~2024.06.21 2023.11.06~2024.02.07 2023.12.22~2024.03.26 2023.06.15~2024.03.28 2023.08.04~2024.08.29 2023.10.16~2024.02.27 2023.07.14~2024.07.24 2023.12.18~2024.01.25 2023.10.30~2024.02.27 2023.11.30~2024.02.21 2023.11.28~2024.02.07 2023.11.13~2024.02.07 2023.11.16~2024.02.05 2023.11.30~2024.02.06 2023.09.07~2024.04.29 2023.12.13~2024.04.03 2023.10.30~2024.01.11 2023.12.06~2024.03.26 2023.12.22~2024.03.26

December 31, 2022

- Sell AUD / Buy USD - Sell BRL / Buy USD - Sell COP / Buy USD - Sell EUR / Buy NOK - Sell EUR / Buy USD - Sell GBP / Buy NOK - Sell HKD / Buy USD - Sell INR / Buy USD - Sell JPY / Buy USD - Sell SEK / Buy NOK - Sell THB / Buy JPY Financial instruments Forward exchange contracts:	AUD 4,900 BRL 42,245 COP 12,418,840 EUR 20,700 EUR 39,300 GBP 4,000 HKD 15,000 INR 1,861,085 JPY 753,957 SEK 20,000 THB 75,464 Contract amount (nominal principal) (in thousands)	Contractperiod
		2022.08.16~2023.05.04 2022.11.01~2023.02.06 2022.11.01~2023.02.06 2022.09.19~2023.05.05 2022.09.06~2023.03.29 2022.11.22~2023.02.06 2022.08.16~2023.03.03 2022.10.18~2023.03.29 2022.08.19~2023.03.22 2022.12.28~2023.03.29 2022.10.26~2023.03.24

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==> picture [451 x 47] intentionally omitted <==

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

December 31, 2022
Contract amount (nominal
Financial instruments principal) (in thousands) Contract period
----- End of picture text -----

Financial instruments	principal) (in	thousands)	Contract period
- Sell TRY / Buy USD	TRY	135,836	2022.10.13~2023.03.30
- Sell TWD / Buy USD	TWD	147,375	2022.07.21~2023.01.18
- Sell USD / Buy CZK	USD	400	2022.12.19~2023.01.18
- Sell USD / Buy NOK	USD	2,111	2022.12.12~2023.03.06
- Sell USD / Buy RMB	USD	179,000	2022.11.24~2023.02.06
- Sell USD / Buy SGD	USD	41,649	2022.09.12~2023.06.05
- Sell USD / Buy THB	USD	358,000	2022.09.12~2023.04.25
- Sell USD / Buy TWD	USD	10,000	2022.11.29~2023.03.17
Cross currency swap:
- Sell EUR / Buy NOK	EUR	13,000	2022.12.21~2023.03.30
- Sell PLN / Buy NOK	PLN	8,500	2022.12.21~2023.03.30

The Group entered into forward exchange contracts and cross currency swap to manage exposures to foreign exchange rate fluctuations of import or export sales, loans between related parties and dividend distribution within the Group. However, the forward exchange transactions did not meet the criteria for hedge accounting. Therefore, the Group did not apply hedge accounting.

C. The Group has no financial assets at fair value through profit or loss pledged to others.
D. Information relating to credit risk is provided in Note 12(2).

(3) Financial assets at fair value through other comprehensive income

	Items	December31,2023	December31,2023		December31,2022	December31,2022
Non-current items:
Equity instruments
Listed stocks		$	1,608,699		$	1,608,699
Unlisted stocks			1,082,261			714,532
			2,690,960			2,323,231
Valuation adjustment	(		695,930)	(		582,678)
		$	1,995,030		$	1,740,553

A. The Group has elected to classify investments that are considered to be strategic investments as financial assets at fair value through other comprehensive income. The fair value of such investments amounted to $1,995,030 and $1,740,553 as at December 31, 2023 and 2022, respectively.
B. During the years ended December 31, 2023 and 2022, the Group disposed certain investments that no longer have strategic purposes. Stocks totalling $554,179 and $81,320 were sold at fair value, resulting to a cumulative gain on disposal of $464,305 and $9,874 for the years ended December 31, 2023 and 2022.
C. Amounts recognised in profit or loss and other comprehensive income in relation to the financial assets at fair value through other comprehensive income are listed below:

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==> picture [466 x 123] intentionally omitted <==

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

Years ended December 31,
2023 2022
Equity instruments at fair value through other
comprehensive income
Fair value change recognised in other
comprehensive income $ 352,641 $ 217,848
Cumulative gain reclassified to retained
earnings due to derecognition $ 464,305 $ 9,874
----- End of picture text -----

D. As at December 31, 2023 and 2022, without taking into account any collateral held or 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 were $1,995,030 and $1,740,553, respectively.
E. The Group has no financial assets at fair value through other comprehensive income pledged to others as collateral.

(4) Hedging financial assets and liabilities

The Group used Euro denominated demand deposits as a hedging instrument to hedge the highly probable foreign exchange variation of Euro denominated investment payable which is expected to occur in the future, and the instrument adopted the accounting of cash flow hedges. The portion of changes in the hedging instrument caused by exchange rate risk that was determined to be an effective hedge was deferred and recognised as gain or loss on the hedging instrument under other equity items. Subsequently, when the probable purchase transaction of hedged investments occurred, and the proceeds of Euro denominated investment payable were paid by hedging instruments, the gain or loss on the hedging instrument under other equity items was reclassified to the initial cost of long-term equity investments. The aforementioned transaction was completed on the balance sheet date. At December 31, 2023 and 2022, the Group’s hedging financial assets and liabilities are both $0. Related transaction information is as follows:

A. Other equity - cash flow hedge reserve:

Other equity - cash flow hedge reserve:
			2023
At January 1		$	-
Add: Gain on hedge effectiveness-amount
recognised in other comprehensive income			170,271
Less: Reclassified to long-term investment
due to the occurrence of hedged probable transaction	(		170,271)
At December 31		$	-

B. Information on cash flow hedges and hedges of net investments in foreign operations recognised in profit or loss and other comprehensive income:

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Other equity At January 1 Add: Loss on hedge effectiveness-amount recognised in other comprehensive income At December 31	2023 2022 129,917 $ 129,917 $ - - 129,917 $ 129,917 $ Years endedDecember31,

(a) The purpose of hedge accounting is that the hedged highly probable forecast transactions denominated in foreign currency are expected to occur, which are recycled into profit or loss in the period or periods when the hedged item affects profit or loss.
(b) Hedges of net investments in foreign operations

In the first quarter of 2018, due to the reorganisation of the Group, the risk of USD exchange rate fluctuating by fair value initially designated as hedged items of hedges of net investments in foreign operations was no longer material. Consequently, the hedge relationship did not meet the conditions of hedge accounting. The effective portion of hedges of net investments in foreign operations was accumulated in other equity previously. Since the foreign operations was not disposed, it was not reclassified from equity to profit or loss.

(5) Notes and accounts receivable

Notes and accounts receivable
		December31,2023			December 31, 2022
Notes receivable		$	2,245,939		$	3,123,642
Accounts receivable		$	77,760,524		$	84,577,637
Less: Allowance for uncollectible accounts	(		632,601)	(		503,568)
		$	77,127,923		$	84,074,069
Overdue receivables
(shown as other non-current assets)		$	264,991		$	293,877
Less: Allowance for uncollectible accounts	(		264,991)	(		293,877)
		$	-		$	-

A. The aging analysis of accounts receivable is as follows:

The aging analysis of accounts receivable is as follows:
Not past due 1 to 90 days 91 to 180 days 181 to 365 days Over 366 days	December31,2023 65,274,347 $ 11,479,401 454,029 324,169 228,578 77,760,524 $	December31,2022
		73,676,921 $ 9,781,373 687,649 213,655 218,039
		84,577,637 $

The above aging analysis was based on past due date.

B. As at December 31, 2023 and 2022, there was no notes receivable past due.
C. As at December 31, 2023 and 2022, accounts receivable and notes receivable were all from

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contracts with customers. As at January 1, 2022, the balance of receivables from contracts with customers amounted to $70,857,010.

D. Details of the Group’s accounts receivable pledged to others as collateral are provided in Note 8. The Group has no notes receivable and accounts receivable pledged to others as collateral in 2022.
E. As at December 31, 2023 and 2022, without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the Group’s notes receivable were $2,245,939 and $3,123,642, and accounts receivable were $77,127,923 and $84,074,069, respectively.
F. Information relating to credit risk is provided in Note 12(2).

(6) Inventories

Inventories
Raw materials Work in process Finished goods Inventory in transit Raw materials Work in process Finished goods Inventory in transit		December 31, 2023
	Allowance for Cost valuation loss Book value 36,687,320 $ 10,486,228) ($ 26,201,092 $ 7,957,085 36,879) ( 7,920,206 49,000,191 7,940,644) ( 41,059,547 1,045,717 - 1,045,717 94,690,313 $ 18,463,751) ($ 76,226,562 $ December 31, 2022
	Allowance for Cost valuation loss Book value 38,320,991 $ 7,474,693) ($ 30,846,298 $ 8,284,302 14,298) ( 8,270,004 45,601,495 5,520,193) ( 40,081,302 646,760 - 646,760 92,853,548 $ 13,009,184) ($ 79,844,364 $

The cost of inventories recognised as expense or loss for the year:

			Years ended	December31,	December31,
			2023		2022
Cost of goods sold		$	266,817,661	$	260,877,806
Loss on market value decline and obsolete and
slow-moving inventories			7,939,420		5,845,899
Others	(		1,218,083)	(	931,623)
		$	273,538,998	$	265,792,082

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(7) Property, plant and equipment

Property, plant and equipment
																		Unfinished
																		construction
					Buildings and			Machinery and				Testing						and equipment
At January 1, 2023			Land			structures			equipment			equipment			Others		under acceptance				Total
Cost		$	16,093,942		$	55,651,841		$	61,671,200		$	22,998,550		$	23,840,987		$	9,853,136		$	190,109,656
Accumulated depreciation and
impairment	(		10,036)	(		25,212,383)	(		41,448,111)	(		17,897,282)	(		19,275,257)			-	(		103,843,069)
		$	16,083,906		$	30,439,458		$	20,223,089		$	5,101,268		$	4,565,730		$	9,853,136		$	86,266,587
2023
Opening net book amount		$	16,083,906		$	30,439,458		$	20,223,089		$	5,101,268		$	4,565,730		$	9,853,136		$	86,266,587
Additions (Note)			248,067			916,896			7,836,365			4,472,820			2,850,447			11,491,561			27,816,156
Acquired through business combinations			7,765			22,860			479,485			432			93,077			83,654			687,273
Effect on decrease in business entities			-			-			-			-	(		547)			-	(		547)
Disposals	(		3,501)	(		110,663)	(		81,784)	(		16,332)	(		36,422)			-	(		248,702)
Transfers/Reclassifications			17,244			3,912,532			2,562,187			286,689			991,647	(		7,138,948)			631,351
Depreciation charge			-	(		2,360,866)	(		8,780,163)	(		2,871,402)	(		2,739,479)			-	(		16,751,910)
Impairment loss			-	(		70,300)	(		82)	(		931)	(		21,582)			-	(		92,895)
Net exchange differences	(		3,007)	(		75,111)	(		134,807)			7,404	(		24,904)	(		75,373)	(		305,798)
Closing net book amount		$	16,350,474		$	32,674,806		$	22,104,290		$	6,979,948		$	5,677,967		$	14,214,030		$	98,001,515

At December 31, 2023
Cost		$	16,359,854		$	59,458,670		$	68,980,995		$	26,429,240		$	26,576,440		$	14,214,030		$	212,019,229
Accumulated depreciation and
impairment	(		9,380)	(		26,783,864)	(		46,876,705)	(		19,449,292)	(		20,898,473)			-	(		114,017,714)
		$	16,350,474		$	32,674,806		$	22,104,290		$	6,979,948		$	5,677,967		$	14,214,030		$	98,001,515

Note: The additions were net of government grants.

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																		Unfinished
																		construction
					Buildings and			Machinery and				Testing						and equipment
At January 1, 2022			Land			structures			equipment			equipment			Others		under acceptance				Total
Cost		$	15,139,283		$	51,485,311		$	52,261,356		$	19,872,926		$	21,356,997		$	8,264,905		$	168,380,778
Accumulated depreciation and
impairment	(		10,395)	(		23,378,205)	(		35,386,205)	(		15,840,483)	(		17,158,205)			-	(		91,773,493)
		$	15,128,888		$	28,107,106		$	16,875,151		$	4,032,443		$	4,198,792		$	8,264,905		$	76,607,285
2022
Opening net book amount		$	15,128,888		$	28,107,106		$	16,875,151		$	4,032,443		$	4,198,792		$	8,264,905		$	76,607,285
Additions (Note 1)			728,890			2,613,545			7,526,107			3,035,324			2,233,398			5,675,359			21,812,623
Acquired through business combinations			14,227			79,127			47,243			-			2,763			-			143,360
Disposals	(		75,929)	(		168,650)	(		110,935)	(		25,006)	(		36,538)			-	(		417,058)
Transfers (Note 2)	(		23,364)			1,250,412			2,402,469			399,584			565,318	(		4,273,868)			320,551
Depreciation charge			-	(		2,172,418)	(		7,119,721)	(		2,470,087)	(		2,575,656)			-	(		14,337,882)
Net exchange differences			311,194			730,336			602,775			129,010			177,653			186,740			2,137,708
Closing net book amount		$	16,083,906		$	30,439,458		$	20,223,089		$	5,101,268		$	4,565,730		$	9,853,136		$	86,266,587

At December 31, 2022
Cost		$	16,093,942		$	55,651,841		$	61,671,200		$	22,998,550		$	23,840,987		$	9,853,136		$	190,109,656
Accumulated depreciation and
impairment	(		10,036)	(		25,212,383)	(		41,448,111)	(		17,897,282)	(		19,275,257)			-	(		103,843,069)
		$	16,083,906		$	30,439,458		$	20,223,089		$	5,101,268		$	4,565,730		$	9,853,136		$	86,266,587

Note: 1. The additions were net of government grants.

On October 1, 2021, the Board of Directors resolved to dispose a number of battery cell assembly equipment and transferred the equipment amounting to $320,551 to non-current assets held for sale at the lower of carrying amount and fair value less costs to sell. However, the equipment was transferred back from assets held for sale as the Company and the buyer both agreed to terminate the contract for the disposal of the equipment on March 31, 2022.
A. The Group’s property, plant and equipment are mainly owner-occupied.
B. No interest expense was capitalised as part of property, plant and equipment.
C. Information about the property, plant and equipment that were pledged to others as collateral is provided in Note 8.

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(8) Leasing arrangements - lessee

A. The Group leases various assets including land, buildings and transportation equipment. Rental contracts are typically made for periods of 1 to 21 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes.
B. The carrying amount of right-of-use assets and the depreciation charge are as follows:

Land Buildings and structures Transportation equipment Other equipment Land Buildings and structures Transportation equipment Other equipment	December 31, 2023 December 31, 2022 Book value Book value 2,141,138 $ 2,842,408 $ 2,310,912 2,064,549 136,158 117,174 246,677 62,192 4,834,885 $ 5,086,323 $ 2023 2022 Depreciation charge Depreciation charge 67,570 $ 52,457 $ 640,555 543,859 79,229 66,103 37,804 19,942 825,158 $ 682,361 $ Years endedDecember31,	December 31, 2023 December 31, 2022 Book value Book value 2,141,138 $ 2,842,408 $ 2,310,912 2,064,549 136,158 117,174 246,677 62,192 4,834,885 $ 5,086,323 $ 2023 2022 Depreciation charge Depreciation charge 67,570 $ 52,457 $ 640,555 543,859 79,229 66,103 37,804 19,942 825,158 $ 682,361 $ Years endedDecember31,
		Depreciation charge
		52,457 $ 543,859 66,103 19,942
		682,361 $

C. For the years ended December 31, 2023 and 2022, the additions to right-of-use assets (excluding those acquired through business combinations) were $632,355 and $2,320,655 (net of government grants of $637,890), respectively.
D. Information on profit or loss in relation to lease contracts is as follows:

Items affecting profit or loss Interest expense on lease liabilities Expense on short-term lease contracts	Years ended December 31,	Years ended December 31,
	2023 40,712 $ 777,920 $	2022
		21,252 $
		659,649 $

E. For the years ended December 31, 2023 and 2022, the Group’s total cash outflow for leases were $1,634,786 and $2,621,066, respectively.
F. Extension options
(a) Extension options are included in the Group’s lease contracts pertaining to certain land. These terms and conditions are the lessor’s general practice and for the Group to effectively utilise the assets.
(b) In determining the lease term, the Group takes into consideration all facts and circumstances that create an economic incentive to exercise an extension option. The assessment of lease period is reviewed if a significant event occurs which affects the assessment.

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(9) Intangible assets

ntangible assets
								Customer		Technical
At January 1, 2023		Trademarks		Patents		Goodwill		Relationship		Skill		Others		Total
Cost	$	4,307,832	$	1,829,078	$	60,126,073	$	19,451,343	$	13,277,950	$	4,001,160	$	102,993,436
Accumulated amortisation and
impairment	(	1,906,823)	(	1,710,031)	(	1,288,023)	(	11,932,672)	(	5,780,326)	(	3,205,707)	(	25,823,582)
	$	2,401,009	$	119,047	$	58,838,050	$	7,518,671	$	7,497,624	$	795,453	$	77,169,854
2023
Opening net book amount	$	2,401,009	$	119,047	$	58,838,050	$	7,518,671	$	7,497,624	$	795,453	$	77,169,854
Additions - acquired separately		1,886		24,015		-		-		-		443,989		469,890
Additions - acquired through business
combinations (Note)		574		-		2,723,415		1,407,617		1,233,738		5,648		5,370,992
Reclassifications (Note)		104,790		-	(	110,239)		-		5,449		-		-
Amortisation	(	265,313)	(	25,887)		-	(	1,595,915)	(	1,375,200)	(	750,370)	(	4,012,685)
Impairment loss		-		-	(	226,020)		-		-		-	(	226,020)
Net exchange differences		6,243		314	(	112,027)	(	53,135)	(	84,001)		14,979	(	227,627)
Closing net book amount	$	2,249,189	$	117,489	$	61,113,179	$	7,277,238	$	7,277,610	$	509,699	$	78,544,404
At December 31, 2023
Cost	$	4,419,258	$	1,853,606	$	62,622,912	$	20,809,863	$	14,203,779	$	4,226,105	$	108,135,523
Accumulated amortisation and
impairment	(	2,170,069)	(	1,736,117)	(	1,509,733)	(	13,532,625)	(	6,926,169)	(	3,716,406)	(	29,591,119)
	$	2,249,189	$	117,489	$	61,113,179	$	7,277,238	$	7,277,610	$	509,699	$	78,544,404

(Note) The additions - acquired through business combinations and reclassifications resulted from the reallocation of the purchase price relative to the acquisition of HY&T, Atrust Computer and UI Acquisition Holding Co. (UI). The allocation of the acquisition price for UI was completed in the first quarter of 2023 and the amount of the allocation of the acquisition price decreased by $33,473 as the equity was adjusted. The allocation of the acquisition price for HY&T will be completed within one year.

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								Customer		Technical
At January 1, 2022		Trademarks		Patents		Goodwill		Relationship		Skill		Others		Total
Cost	$	4,072,330	$	1,590,408	$	54,420,933	$	18,089,972	$	11,152,791	$	5,241,533	$	94,567,967
Accumulated amortisation and
impairment	(	1,397,642)	(	1,403,201)	(	785,167)	(	9,517,533)	(	4,128,341)	(	3,726,519)	(	20,958,403)
	$	2,674,688	$	187,207	$	53,635,766	$	8,572,439	$	7,024,450	$	1,515,014	$	73,609,564
2022
Opening net book amount	$	2,674,688	$	187,207	$	53,635,766	$	8,572,439	$	7,024,450	$	1,515,014	$	73,609,564
Additions - acquired separately		1,349		13,784		-		-		-		600,403		615,536
Additions - acquired through
business combinations (Note)		-		-		444,604	(	10,556)		413,714		-		847,762
Reclassifications (Note)	(	171,804)		-		199,800	(	376,636)		570,495	(	577,077)	(	355,222)
Amortisation	(	253,440)	(	81,117)		-	(	1,480,032)	(	1,253,100)	(	848,243)	(	3,915,932)
Impairment loss		-		-	(	417,151)		-		-		-	(	417,151)
Net exchange differences		150,216	(	827)		4,975,031		813,456		742,065		105,356		6,785,297
Closing net book amount	$	2,401,009	$	119,047	$	58,838,050	$	7,518,671	$	7,497,624	$	795,453	$	77,169,854
At December 31, 2022
Cost	$	4,307,832	$	1,829,078	$	60,126,073	$	19,451,343	$	13,277,950	$	4,001,160	$	102,993,436
Accumulated amortisation and
impairment	(	1,906,823)	(	1,710,031)	(	1,288,023)	(	11,932,672)	(	5,780,326)	(	3,205,707)	(	25,823,582)
	$	2,401,009	$	119,047	$	58,838,050	$	7,518,671	$	7,497,624	$	795,453	$	77,169,854

(Note) The additions - acquired through business combinations and reclassifications resulted from the adjustment of the contingent proceeds and the reallocation of the purchase price relative to the acquisition of March and UI. The allocation of the acquisition price for March was completed in the second quarter of 2022 and the contingent consideration decreased by $10,556 based on the adjustment to the estimated purchase price. The allocation of the acquisition price for UI will be completed within one year.

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A. Details of amortisation on intangible assets are as follows:

		Years ended	December31,	December31,
		2023		2022
Operating costs	$	68,962	$	69,105
Selling expenses		1,868,798		1,738,944
Administrative expenses		145,164		213,309
Research and development expenses		1,929,761		1,894,574
	$	4,012,685	$	3,915,932

B. The Group acquired registered or under-application trademark rights such as , , , , VIVITEK , 麗訊 , , , , , , , , and

. Trademarks are assessed to have finite useful lives. The remaining trademarks which have indefinite useful lives shall not be amortised but are tested for impairment annually.

C. Goodwill and trademarks with indefinite useful lives are allocated as follows to the Group’s cashgenerating units identified according to operating segment:

Goodwill: DET Eltek (Note) Cyntec Vivotek DCI HY&T DGC Amerlux March Trihedral Atrust Others Trademarks: Automation business Infrastructure business	December31,2023 36,508,534 $ 5,290,376 5,146,053 3,232,954 2,547,433 2,046,549 1,765,015 1,191,084 1,029,508 748,645 606,029 1,000,999 61,113,179 $ 799,279 $ 386,823 1,186,102 $	December31,2022
		36,514,479 $ 5,291,237 5,146,053 3,232,954 2,547,848 - 1,765,303 1,191,277 1,029,676 748,767 - 1,370,456
		58,838,050 $
		691,811 $ 386,823
		1,078,634 $

(Note) It was renamed as DELTA ELECTRONICS (NORWAY) AS.

Acquisition prices in business combination are calculated based on the price of acquisition and direct costs related to the acquisition. The amount of goodwill recognised is the difference

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between the acquisition price and the net fair value of identifiable assets acquired. The amortisation duration of acquisition price shall not exceed one year after the acquisition.

D. The Group's goodwill arose from business combinations in order to improve benefit comprising of potential customer relationships and operating revenue in the location of acquired companies.

Based on IAS 36, goodwill acquired in a business combination should be tested at least annually for impairment. For the impairment testing of goodwill, goodwill acquired in a business combination is allocated to each of the cash-generating units that are expected to benefit from the synergies of the business combination. Each company may be a cash-generating unit which can generate independent cash flows.

In assessing the impairment of goodwill and trademarks with indefinite useful lives, for the goodwill of DET and Vivotek, the recoverable amount is the higher of the companies' fair value less costs of disposal and value-in-use (the fair value is classified as a level 2 fair value after the Group's assessment based on the closing price at the balance sheet date and considering premium, as the closing price is a transaction price without control in the centralized securities exchange market); for the goodwill and trademarks with indefinite useful lives of each cash-generating unit, the impairment is calculated based on value-in-use and carrying amount of net assets of each company. The key assumptions used for value-in-use calculations are operating profit margin. growth rate and discount rate.

Management determined budgeted operating profit margin based on past performance and its expectations of market development. The weighted average growth rates used are consistent with the forecasts included in industry reports. The discount rates used are pre-tax and reflect specific risks relating to the relevant operating segments.

As the recoverable amount of the cash-generating unit, MES and others, calculated using the value-in-use is less than the carrying amount, the Group recognised impairment loss of $226,020 and $417,151 on goodwill for the years ended December 31, 2023 and 2022, respectively. The discount rate used in calculating value-in-use was 9.69% and 10.5% on December 31, 2023 and 2022, respectively.

(10) Other non-current assets

Other non-current assets
Prepayments for business facilities Guarantee deposits paid Financial assets at amortised cost Cash surrender value of life insurance Prepayments for long-term investments Others	December31,2023 1,392,610 $ 1,367,205 29,274 25,340 5,591 569,873 3,389,893 $	December31,2022
		1,090,269 $ 1,722,926 143,498 28,106 16,772 597,411
		3,598,982 $

(11) Short-term borrowings

Short-term borrowings
Unsecured bank loans Secured loans Total Credit lines Interest rate range	December31,2023 3,251,001 $ 83,887 3,334,888 $ 78,854,208 $ 0.49%~9.90%	December31,2022
		2,076,762 $ -
		2,076,762 $
		76,659,861 $
		0.48%~18.30%

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(12) Other payables

Other payables
Bonds payable December31,2023 Salary, bonus and compensation payable 26,806,844 $ Others 17,529,181 44,336,025 $ December 31, 2023 Domestic unsecured corporate bonds 29,100,000 $	December31,2022 24,175,196 $ 16,543,486
	40,718,682 $
	December31,2022 11,600,000 $

(13) Bonds payable

Domestic unsecured corporate bonds

The Company issued the domestic unsecured ordinary corporate bonds for the years ended December 31, 2023 and 2022. The main conditions are as follows:

Issuance	Type of bonds	Issuanceperiod	Total issuance amount	Coupon rate	Repayment term
First issuance in 2022 First issuance in 2022 Second issuance in 2022 First issuance in 2023 Second issuance in 2023 Second issuance in 2023 Third issuance in 2023	Tranche A Tranche B Tranche A Tranche B	April 2022 - April 2027 April 2022 - April 2029 October 2022 - October 2025 January 2023 - January 2026 April 2023 - April 2026 April 2023 - April 2028 June 2023 - June 2026	5,900,000 $ 700,000 5,000,000 5,000,000 3,000,000 3,500,000 6,000,000	0.85% 0.90% 1.45% 1.83% 1.43% 1.53% 1.49%	Principal is repayable at maturity and interest is repayable annually `〃` `〃` 〃〃〃〃

- (14) Long term borrowings

Long-term borrowings
Type ofborrowings		December31,2023			December31,2022
Credit loans		$	24,700,570		$	32,503,019
Collateral loans			159,530			276,747
			24,860,100			32,779,766
Less: Current portion	(		2,539,678)	(		42,424)
		$	22,320,422		$	32,737,342
Credit lines		$	98,513,267		$	98,916,583
Interest rate range			0.43%~6.23%			0.43%~6.23%

A. As at December 31, 2023, the revolving loans of $20,361,520 can be drawn down during the period from November 14, 2022 to January 4, 2026 and are payable before the due date under

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the agreement.

B. Information in relation to the assets pledged to others as collateral for bank borrowings is provided in Note 8.
(15) Pensions
A. Defined benefit plan
- (a) The Group has a defined benefit pension plan as follows:
  - i. The Company and its domestic subsidiaries have 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 Labor Standards 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 and its domestic subsidiaries contribute monthly an amount equal to 2% of the employees’ monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, the Company and its domestic subsidiaries would assess the balance in the aforementioned labor pension reserve account by December 31, every year. If the account balance is not enough to pay the pension calculated by the aforementioned method to the employees expected to qualify for retirement in the following year, the Company and its domestic subsidiaries will make contribution for the deficit by next March.
  - ii. Certain subsidiaries located in Mainland China maintain defined benefit retirement (resignation) plans with relative contribution scheme. The employees and the subsidiaries contribute an amount relatively based on a certain percentage of the monthly basic salary depending on the employee’s position. When an employee retires or resigns, the total contribution from the employee is reimbursed based on the accumulated contribution (without interest) less withdrawals made by the employee in advance during the service period. The employee is also entitled to receive benefits calculated based on the accumulated contribution (without interest) from the related subsidiary multiplied by the approved benefit percentage for the employee’s service years less withdrawals made by the employee in advance during the service period. The scheme mentioned above ceased on August 1, 2004. The amount contributed before was archived, and the payment scheme was not changed.
  - iii. The subsidiaries in Thailand, Switzerland and Norway, etc. have an obligation to pay certain retirement benefits when employees retire based on labor regulations.
- (b) The amounts recognised in the balance sheet are as follows:

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	December	31,2023	December	31,2022
Present value of defined benefit obligations	($	6,947,537)	($	6,642,375)
Fair value of plan assets		3,742,203		3,522,719
Adjustment to plan assets ceiling	(	219,239)	(	164,796)
Net defined benefit liability (Listed as other non-current liabilities)	($	3,424,573)	($	3,284,452)

					2023	2023	2023
	Present value of
		defined benefit		Fair value			Adjustment to				Net defined
			obligation	of	plan assets	plan		assets ceiling		benefit liability
Balance at January 1	($		6,642,375)	$	3,522,719	($		164,796)	($		3,284,452)
Acquired through business
combinations	(		6,443)		21,363			-			14,920
Current service cost	(		110,563)		-			-	(		110,563)
Interest (expense) income	(		143,687)		60,248	(		3,607)	(		87,046)
Past service cost			10,318		-			-			10,318
	(		6,892,750)		3,604,330	(		168,403)	(		3,456,823)
Remeasurements:
Return on plan assets (excluding
amounts included in interest
income or expense)			-		32,707			-			32,707
Change in demographic
assumptions			7,666		-			-			7,666
Change in financial assumptions	(		71,832)		-			-	(		71,832)
Experience adjustments	(		135,651)		-			-	(		135,651)
	(		199,817)		32,707			-	(		167,110)
Pension fund contribution	(		13,873)		143,607			-			129,734
Paid pension			278,918	(	136,557)			-			142,361
Settlement			5,416	(	5,416)			-			-
Adjustment to plan assets ceiling
(excluding amounts included
in interest income or expense)			-		-	(		32,672)	(		32,672)
Exchange difference	(		125,431)		103,532	(		18,164)	(		40,063)
Balance at December 31	($		6,947,537)	$	3,742,203	($		219,239)	($		3,424,573)

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2022

	Present value of	Present value of	Present value of
		defined benefit		Fair value			Adjustment to				Net defined
			obligation	of	plan assets	plan		assets ceiling		benefit liability
Balance at January 1	($		6,871,348)	$	3,339,507		$	-	($		3,531,841)
Current service cost	(		83,102)		-			-	(		83,102)
Interest (expense) income	(		87,226)		24,339			-	(		62,887)
Past service cost	(		56,303)		-			-	(		56,303)
	(		7,097,979)		3,363,846			-	(		3,734,133)
Remeasurements:
Return on plan assets (excluding
amounts included in interest
income or expense)			-		136,073			-			136,073
Change in demographic
assumptions			24,914		-			-			24,914
Change in financial assumptions			674,580		-			-			674,580
Experience adjustments	(		389,317)		-			-	(		389,317)
			310,177		136,073			-			446,250
Pension fund contribution			10,085		99,059			-			109,144
Paid pension			293,147	(	182,794)			-			110,353
Settlement			11,060		-			-			11,060
Adjustment to plan assets ceiling
(excluding amounts included
in interest income or expense)			-		-	(		154,767)	(		154,767)
Exchange difference	(		168,865)		106,535	(		10,029)	(		72,359)
Balance at December 31	($		6,642,375)	$	3,522,719	($		164,796)	($		3,284,452)

(d) The Bank of Taiwan was commissioned to manage the Fund of the Company’s and domestic subsidiaries’ defined benefit pension plan in accordance with the Fund’s annual investment and utilisation plan and the “Regulations for Revenues, Expenditures, Safeguard and Utilisation of the Labor Retirement Fund” (Article 6: The scope of utilisation for the Fund includes deposit in domestic or foreign financial institutions, investment in domestic or foreign listed, over-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitization products, etc.). With regard to the utilisation of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. If the earnings is less than aforementioned rates, government shall make payment for the deficit after being authorized by the Regulator. The Company and its domestic subsidiaries have no right to participate in managing and operating that fund and hence the Company and its domestic subsidiaries are unable to disclose the classification of plan asset fair value in accordance with IAS 19 paragraph 142. The composition of fair value of plan assets as at December 31, 2023 and 2022 is given in the Annual Labor Retirement Fund Utilisation Report announced by the government.

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(e) The principal actuarial assumptions used were as follows:

	Years ended	December31,
	2023	2022
Discount rate	0.03%~10.30%	0.03%~7.40%
Future salary increases	2.0%~8.3%	2.5%~8.5%

Assumptions regarding future mortality experience are set based on actuarial advice in accordance with published statistics and experience in each territory.

Because the main actuarial assumption changed, the present value of defined benefit obligation is affected. The analysis is as follows:

Increase Decrease 0.25%~1% 0.25%~1% December 31, 2023 Effect on present value of defined benefit obligation 224,471) ($ 246,997 $ Increase Decrease 0.25%~1% 0.25%~1% December 31, 2022 Effect on present value of defined benefit obligation 217,109) ($ 230,146 $ Discount rate Discount rate	Increase Decrease 0.25%~2.75% 0.25%~2.75% 83,101 $ 68,612) ($ Increase Decrease 0.25%~2.75% 0.25%~2.75% 169,909 $ 160,522) ($ Future salary increases Future salary increases

The sensitivity analysis above was arrived at based on one assumption which changed while the other conditions remain unchanged. In practice, more than one assumption may change all at once. The method of analysing sensitivity and the method of calculating net pension liability in the balance sheet are the same.

(f) Expected contributions to the defined benefit pension plans of the Group for the year ending December 31, 2023 amount to $223,309.
(g) As at December 31, 2023, the weighted average duration of that retirement plan is 3~21 years.
B. Defined contribution plan
(a) Effective July 1, 2005, the Company and its domestic subsidiaries have established a defined contribution pension plan (the “New Plan”) under the Labor Pension Act, covering all regular employees with R.O.C. nationality. Under the New Plan, the Company and its domestic subsidiaries contribute 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 lump sum upon termination of employment. The pension costs under the defined contribution pension plans of the Company and its domestic subsidiaries for the years ended December 31, 2023 and 2022 were $739,695 and $613,076, respectively.

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(b) Other overseas companies have defined contribution plans in accordance with the local regulations. Other than the periodic contribution, the overseas companies have no further obligations.

(16) Share capital

A. In accordance with the Company’s Articles of Incorporation, the total authorised common stock is 4 billion shares (including 100 million shares for stock warrants conversion). As at December 31, 2023, the total issued and outstanding common stock was 2,597,543 thousand shares with par value of $10 (in dollars) per share.
B. On December 20, 2004, the Board of Directors of the Company adopted a resolution that allowed certain stockholders to issue 16 million units of global depository receipts (GDRs), represented by 80 million shares of common stock (Deposited Shares), with one unit of GDR representing 5 shares of common stock. After obtaining approval from SFB, these GDRs were listed on the Securities Exchange of Luxembourg on March 29, 2005, with total proceeds of US$134,666 thousand. The issuance of GDRs was represented by outstanding shares, therefore, there is no dilutive effect on the common shares’ equity. The main terms and conditions of the GDRs are as follows:
(a) Voting rights

GDR holders may, pursuant to the Depositary Agreement and the relevant laws and regulations of the R.O.C., exercise the voting rights pertaining to the underlying common shares represented by the GDRs.

(b) Redemption of GDRs

For sales and redemption of the underlying common shares represented by the GDRs when the holders of the GDRs request the Depositary to redeem the GDRs in accordance with the relevant R.O.C. regulations and the provisions in the Depositary Agreement, the Depositary may (i) deliver the underlying common shares represented by the GDRs to the GDR holders, or (ii) sell the underlying common shares represented by the GDRs in the R.O.C. stock market on behalf of the GDR holder. The payment of proceeds from such sale shall be made subject to the relevant R.O.C. laws and regulations and the provisions in the Depositary Agreement.

(c) Distribution of dividends, preemptive rights and other rights
Distribution of dividends, preemptive rights and other rights and interests of GDR units bear the same rights as common shares.
(d) After considering the stock dividend distribution year by year, as at December 31, 2023, there were 254 thousand units outstanding, representing 1,272 thousand common shares of the Company’s common stock.

(17) Capital surplus

Pursuant to the R.O.C. Company Law, 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

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Company has no accumulated deficit. Further, the R.O.C. Securities and Exchange Law requires that the amount of capital surplus to be capitalised 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.

(18) Retained earnings

A. Under the Company’s Articles of Incorporation, the current year’s earnings, if any, shall be distributed in the following order:
(a) Payment of all taxes and dues.
(b) Offset against prior years’ operating losses, if any.
(c) Set aside 10% of the remaining amount as legal reserve, unless the accumulated amount of the legal reserve has reached the total authorised capital of the Company.
(d) Setting aside or reversing a special reserve according to relevant regulations when necessary.
(e) The remainder along with the beginning unappropriated earnings shall be distributed as dividends to stockholders. The appropriation of earnings shall be proposed by the Board of Directors and resolved by the shareholders.
- As the Company is in the growth stage, taking into consideration the shareholders’ benefits, financial health and business development, projected capital expenditures and reinvestment plans in the future, the amount of dividends distributed to shareholders shall not be lower than 50% of post-tax profit for the current year. Cash dividends shall be at least 15% of the total dividends distributed to shareholders.
B. 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 distribution of the reserve is limited to the portion in excess of 25% of the Company’s paid-in capital.
C. (a) 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 debit balance on other equity items is reversed subsequently, the reversed amount could be included in the distributable earnings.
(b) The amounts previously set aside by the Company as special reserve on initial application of IFRSs in accordance with Order No. Financial-Supervisory-Securities-Corporate1010012865, dated April 6, 2012, shall be reversed proportionately when the relevant assets are used, disposed of or reclassified subsequently. Such amounts are reversed upon disposal or reclassified if the assets are investment property of land, and reversed over the use period if the assets are investment property other than land.

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D. The appropriations of 2022 and 2021 earnings had been approved by the shareholders during their meeting on June 13, 2023 and June 14, 2022, respectively. Details are summarised below:

				Years ended	December31,	December31,
		2022				2021
				Dividends				Dividends
				per share				per share
		Amount		(in dollars)		Amount		(in dollars)
Legal reserve appropriated		3,288,320 $			$	2,688,553
Special reserve (reversed)
appropriated	(	13,198,044)				3,623,514
Cash dividends (Note)		25,559,826	$	9.84		14,286,488	$	5.5

(Note) Information about the appropriations of earnings as resolved at the meeting of shareholders will be posted in the “Market Observation Post System” at the website of the Taiwan Stock Exchange.
E. The appropriations of 2023 earnings had been approved by the Board of Directors on February 29, 2024. Details are summarised below:

29, 2024. Details are summarised below:
Legal reserve appropriated Special reserve appropriated Cash dividends (Note)	Dividends per share Amount (indollars) 3,364,651 $ 1,027,060 16,702,204 6.43 $ YearendedDecember31,2023
		6.43 $

(Note) The aforementioned appropriations of 2023 earnings have not yet been resolved by the shareholders as of February 29, 2024.

(19) Non-controlling interest

			Years ended	December 31,	December 31,	December 31,
			2023			2022
At January 1		$	38,578,278		$	31,338,136
Share attributable to non-controlling interest:
Profit for the year			5,487,702			4,325,010
Currency translation differences			312,322			3,744,763
Dividends paid to minority interest	(		1,895,556)	(		739,023)
Increase (decrease) in non-controlling interest (Note)			1,088,969	(		90,608)
At December 31			43,571,715			38,578,278

Note: The increase (decrease) in non-controlling interest resulted from the disposal of equity interest in DET during the year ended December 31, 2023, and the acquisition of additional equity interest in Vivotek during the year ended December 31, 2022. Details are provided in Note 6(32).

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(20) Operating revenue

Operating revenue
		Years ended	December31,
		2023	2022
Revenue from contracts with customers	$	401,226,501	384,443,308 $

A. Disaggregation of revenue from contracts with customers

The Group derives revenue from the transfer of goods and services over time and at a point in time in the following major business:

Revenue from external customer contracts Timing of revenue recognition At a point in time Over time Revenue from external customer contracts Timing of revenue recognition At a point in time Over time	Power electronics 248,261,435 $ 248,233,334 28,101 248,261,435 $ Power electronics 227,324,556 $ 227,258,892 65,664 227,324,556 $	Automation Infrastructure Others 54,295,479 $ 98,474,919 $ 194,668 $ 52,080,886 93,694,206 151,162 2,214,593 4,780,713 43,506 54,295,479 $ 98,474,919 $ 194,668 $ Automation Infrastructure Others 54,519,220 $ 102,135,297 $ 464,235 $ 52,463,111 98,458,589 132,118 2,056,109 3,676,708 332,117 54,519,220 $ 102,135,297 $ 464,235 $ Year ended December31,2023 Year ended December31,2022	Total
			401,226,501 $
			394,159,588 7,066,913
			401,226,501 $
			Total
			384,443,308 $
			378,312,710 6,130,598
			384,443,308 $

B. Contract assets and liabilities

The Group has recognised the revenue-related contract assets primarily from automation equipment contracts and resolution of communication equipment power resource system; contract liabilities primarily pertain to advance sales receipts, advance receipts for automation equipment contract and resolution of communication equipment power resource system, etc.

Revenue recognised that was included in the contract liability balance at the beginning of the year is as follows:

Years	endedDecember31,
2023	2022

Revenue recognised that was included in the contract liability balance at the beginning of the year

Advance sales receipts, advance receipts for automation equipment contract and resolution of communication equipment power resource system, etc. $ 7,536,826 $ 5,438,939

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(21) Interest income

Interest income from bank deposits Other interest income

	Years ended	December31,	December31,
	2023		2022
$	2,063,811	$	598,167
	6,304		11,446
$	2,070,115	$	609,613

(22) Other income

Government grant income Sample sales income Mold fee income Dividend income Testing fee income Rental income Others	2023 2022 468,619 $ 420,198 $ 227,094 292,111 221,507 244,560 213,856 291,617 166,930 148,168 149,979 111,703 2,992,917 1,851,739 4,440,902 $ 3,360,096 $ Years endedDecember31,

(23) Other gains and losses

Other gains and losses
			Years ended	December 31,
			2023			2022
(Loss) gain on disposal of property, plant and	($		196,768)		$	426,041
equipment
Gain on disposal of investments (Note)			207,397			-
Net currency exchange gain			1,275,185			583,789
Gain on financial assets/liabilities at fair
value through profit or loss			1,891,458			845,835
Impairment loss	(		318,915)	(		417,151)
Miscellaneous disbursements	(		514,662)	(		241,440)
		$	2,343,695		$	1,197,074

(Note) Refer to Note 6(31).

(24) Finance costs

Interest expense

Years endedDecember31,	Years endedDecember31,
2023 1,170,718 $	2022
	571,440 $

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(25) Expenses by nature

Expenses by nature
Employee benefit expense Depreciation charges on property, plant and equipment Depreciation charges on right-of-use assets Amortisation charges on intangible assets	2023 2022 83,478,149 $ 75,068,280 $ 16,751,910 14,337,882 825,158 682,361 4,012,685 3,915,932 105,067,902 $ 94,004,455 $ Years endedDecember31,
		94,004,455 $

(26) Employee benefit expense

Employee benefit expense
Post-employment benefits Defined contribution plans Defined benefit plans Other employee benefits	Years endedDecember31,
	2023 1,355,983 $ 187,291 1,543,274 81,934,875 83,478,149 $	2022
		1,064,328 $ 202,292
		1,266,620 73,801,660
		75,068,280 $

A. According to the Articles of Incorporation of the Company, a ratio of profit of the current year distributable, after covering accumulated losses, shall be distributed as employees’ compensation and directors’ remuneration. The ratio shall not be lower than 3% for employees’ compensation and shall not be higher than 1% for directors’ remuneration.
B. For the years ended December 31, 2023 and 2022, employees’ compensation were accrued at $4,011,774 and $3,949,189, respectively; while directors’ remuneration were accrued at $152,128 (including estimated amount of long-term incentive plan) and $71,562, respectively. The aforementioned amounts were recognised in salary expenses. The final payout for the longterm incentive plan will be determined based on the performance achieved in 2024.

For the year ended December 31, 2023, the employees’ compensation and directors’ remuneration were estimated and accrued based on profit of current year distributable as prescribed by the Company’s Articles of Incorporation. The employees’ compensation of $3,172,303 and directors’ remuneration of $61,660 for 2023 were actual amounts resolved by the Board of Directors on February 29, 2024. The differences between the resolved amounts and the amounts recognised in the 2023 financial statements were accounted for as changes in estimates and recognised in profit or loss for 2024.

The employees’ compensation of $3,103,244 and directors’ remuneration of $47,520 for 2022 were actual amounts resolved by the Board of Directors on February 22, 2023. The differences between the resolved amounts and the amounts recognised in the 2022 financial statements were accounted for as changes in estimates and recognised in profit or loss for 2023.

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

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the website of the Taiwan Stock Exchange.

(27) Income tax

A. Income tax expense
(a) Components of income tax expense:

Components of income tax expense:
			Years endedDecember31,
			2023			2022
Current tax:
Current tax on profits for the year		$	7,420,492		$	8,505,739
Effect from Alternative Minimum Tax			8,254			2,102
Prior year income tax overestimation	(		727,795)	(		503,294)
Tax on undistributed surplus earnings			673,280			172,579
Total current tax			7,374,231			8,177,126
Deferred tax:
Origination and reversal of temporary
differences			2,387,513			897,434
		$	9,761,744		$	9,074,560

Total current tax 7,374,231 8,177,126 Deferred tax: Origination and reversal of temporary differences 2,387,513 897,434 9,761,744 $ 9,074,560 $	Total current tax 7,374,231 8,177,126 Deferred tax: Origination and reversal of temporary differences 2,387,513 897,434 9,761,744 $ 9,074,560 $	Total current tax 7,374,231 8,177,126 Deferred tax: Origination and reversal of temporary differences 2,387,513 897,434 9,761,744 $ 9,074,560 $	Total current tax 7,374,231 8,177,126 Deferred tax: Origination and reversal of temporary differences 2,387,513 897,434 9,761,744 $ 9,074,560 $	Total current tax 7,374,231 8,177,126 Deferred tax: Origination and reversal of temporary differences 2,387,513 897,434 9,761,744 $ 9,074,560 $	Total current tax 7,374,231 8,177,126 Deferred tax: Origination and reversal of temporary differences 2,387,513 897,434 9,761,744 $ 9,074,560 $
(b) The income tax (charge)/credit relating to components of other comprehensive income is as
follows:
			Years ended	December31,
			2023		2022
Currency translation differences	($		27,444)	$	1,069,086
Unrealised gains from financial assets
measured at fair value through other
comprehensive income			65,002		1,382
Remeasurement of defined benefit plan	(		2,840)		2,914
		$	34,718	$	1,073,382
Reconciliation between income tax expense and	accounting profit:
			Years endedDecember31,
			2023		2022
Tax calculated based on profit before tax and
statutory tax rate	$		13,317,317	$	12,076,470
Effects from items adjusted in accordance with
tax regulations	(		2,420,407)	(	1,677,426)
Effect from investment tax credits	(		1,065,126)	(	1,027,017)
Effect from taxable loss	(		23,779)		31,146
Prior year income tax overestimation	(		727,795)	(	503,294)
Effect from Alternative Minimum Tax			8,254		2,102
Tax on undistributed surplus earnings			673,280		172,579
Tax expenses	$		9,761,744	$	9,074,560

B. Reconciliation between income tax expense and accounting profit:

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C. Amounts of deferred tax assets or liabilities as a result of temporary differences and tax losses are as follows:

Recognised in other Recognised in comprehensive Recognised January1 profit or loss income inequity Deferred tax assets: - Temporary differences: Allowance for inventory obsolescence 1,429,616 $ 389,050 $ - $ - $ Pension liability 422,639 25,522) ( 2,840 - Assets impairment 13,456 602) ( - - Depreciation difference between tax and financial basis 1,333,635 87,858 - - Others 4,788,684 251,272 - - Tax losses 187,423 46,879) ( - - 8,175,453 655,177 2,840 - Deferred tax liabilities: - Temporary differences: Long-term equity investments 16,503,124) ( 2,627,686) ( 27,444 1,319,965) ( Land value increment tax 119,862) ( - - - Others 2,719,809) ( 415,004) ( 65,002) ( 65,002 19,342,795) ( 3,042,690) ( 37,558) ( 1,254,963) ( 11,167,342) ($ 2,387,513) ($ 34,718) ($ 1,254,963) ($ 2023			2023

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Recognised in other Recognised in comprehensive Recognised January1 profit or loss income inequity Deferred tax assets: - Temporary differences: Allowance for inventory obsolescence 832,358 $ 597,258 $ - $ - $ Pension liability 436,555 11,002) ( 2,914) ( - Assets impairment 7,215 6,241 - - Depreciation difference between tax and financial basis 1,237,802 95,833 - - Others 4,385,437 172,117 - - Tax losses 278,080 90,657) ( - - 7,177,447 769,790 2,914) ( - Deferred tax liabilities: - Temporary differences: Long-term equity investments 13,925,194) ( 1,679,515) ( 1,069,086) ( 170,671 Land value increment tax 119,862) ( - - - Others 2,732,100) ( 12,291 1,382) ( 1,382 16,777,156) ( 1,667,224) ( 1,070,468) ( 172,053 9,599,709) ($ 897,434) ($ 1,073,382) ($ 172,053 $ 2022			2022	2022
				Recognised inequity - $ - - - - - - 170,671 - 1,382 172,053 172,053 $

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D. Expiration dates of unused net operating loss carryforward and amounts of unrecognised deferred tax assets are as follows:

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December 31, 2023
Unrecognised
Amount filed / deferred Usable until
Year incurred assessed Unused amount tax assets year
2007-2023 $ 2,789,078 $ 2,789,078 $ 2,689,356 2037
2019 $ 1,247,178 $ 1,247,178 $ 1,041,030 Indefinitely usable
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----- Start of picture text -----

December 31, 2022
Unrecognised
Amount filed / deferred Usable until
Year incurred assessed Unused amount tax assets year
2007-2022 $ 1,670,224 $ 1,670,224 $ 1,638,861 2037
2018-2022 $ 1,774,447 $ 1,774,447 $ 1,328,316 Indefinitely usable
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E. The amounts of deductible temporary differences that were not recognised as deferred tax assets are as follows:

are as follows:
Deductible temporary differences	December 31, 2023 2,910,472 $	December31,2022
		2,976,618 $

F. The Group has not recognised taxable temporary differences associated with investment in subsidiaries as deferred tax liabilities. As at December 31, 2023 and 2022, the amounts of temporary differences unrecognised as deferred tax liabilities were $12,270,213 and $11,525,298, respectively.
G. The status of the Company and its domestic subsidiaries’ assessed and approved income tax returns are as follows:

returns are as follows:
The Company, Cyntec, Power Forest Technology Corporation, DECC, DelBio, Vivotek, Lidlight Inc., Realwin., Aetek Inc. and Atrust Delmind Inc., Ancora and Delta Energy.	Latest year assessed by Tax Authority
	2021 Note

Note: Ancora and Delmind were established in 2022 and their respective income tax returns had not been assessed. Delta Energy was established in 2023 and has not yet filed its income tax return.
H. The Group has applied the exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes.
I. The Group’s exposure to Pillar Two income taxes arising from the Pillar Two legislation is as follows:
(a) The Group is within the scope of the Pillar Two model rules published by the Organisation for Economic Co-operation and Development (OECD). Since Pillar Two legislation was

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enacted in the Netherlands, the jurisdiction in which the entity controlled by the Group is incorporated, and will come into effect from January 1, 2024, the Group has no related current tax exposure as of December 31, 2023.While Pillar Two legislation was enacted in other operational regions of the Group and has not yet come into effect, it has no significant impact to the Group based on the Group’s assessment.

(b) Under the Pillar Two legislation, the Group is liable to pay a top-up tax for the difference between its GloBE effective tax rate per jurisdiction and the 15% minimum rate.
(c) For 2023, the average effective tax rate calculated in accordance with IAS 12 of the entities operating in Thailand is 3.11%. For the year ended December 31, 2023, total accounting profit for the entities in Thailand is THB 18,363,040 thousand. Additionally, the weighted average ownership ratio of the entities subject to the enacted legislation to the entities in Thailand is 14.68%.
(d) Due to the complexities in applying the legislation and calculating GloBE income, the average effective tax rate of the entities operating in Thailand based on accounting profit is 3.11% for the year ended December 31, 2023. However, due to the impact of specific adjustments envisaged in the Pillar Two legislation which give rise to different effective tax rates compared to those calculated in accordance with IAS 12, the quantitative impact of the enacted or substantively enacted legislation is not yet reasonably estimable. The Group is currently engaged with tax specialists to assist it with applying the legislation.

(28) Earnings per share

Year	ended December31,2023	ended December31,2023
Amount aftertax 33,392,665 $ 33,392,665 $ - 33,392,665 $	Weighted average number of ordinary shares outstanding (sharesinthousands) 2,597,543 2,597,543 11,634 2,609,177	Earnings per share (indollars)
		12.86 $
		12.80 $

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Basic earnings per share Profit attributable to ordinary shareholders of the parent Diluted earnings per share Profit attributable to ordinary shareholders of the parent Assumed conversion of all dilutive potential ordinary shares: Employees’ compensation Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares	Amount aftertax 32,665,728 $ 32,665,728 $ - 32,665,728 $ Year	Weighted average number of ordinary shares Earnings outstanding per share (sharesinthousands) (indollars) 2,597,543 12.58 $ 2,597,543 12,313 2,609,856 12.52 $ ended December31,2022

(29) Share-based payment

A. For the years ended December 31, 2023 and 2022, the Group’s share-based payment arrangements were as follows:

Type ofarrangement	Grant date	Quantity granted (shares in thousands)	Contract period	Vesting conditions
Power Forest - Employee stock options Power Forest - Cash capital increase reserved Ancora Semiconductors - Employee stock options	2022.01.10~ 2023.10.01 2023.04.07 2022.11.11~ 2023.10.24	3,285 2,993 4,561	7 years - 10 years	Vested immediately Vested immediately Note

Note: The option life is 10 years; accumulated ratios of initially granted stock options that are exercisable upon 18 months, 30 months and 3 years of continuous services from the grant date are 30%, 60% and 100%, respectively.

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

			2023	2023			2022	2022
		No. of				No. of
		options	Weighted-average			options	Weighted-average
		(shares in		exercise price		(shares in		exercise price
		thousands)		(indollars)		thousands)		(indollars)
Options outstanding
opening balance at
January 1		5,761	$	10~$22.50		-	$	-
Options granted		1,391		10 ~ 22.50		6,455		-
Options exercised	(	107)		22.50	(	41)		-
Options forfeited	(	557)		10 ~ 22.50	(	653)		-
Options outstanding
at December 31		6,488	$	10~$22.50		5,761	$ 10~$22.50
Options exercisable at
December 31		2,335	$	22.50		2,261	$	22.50

C. During the year ended December 31, 2023, Power Forest increased its capital in cash and retained the portion subscribed by employees in accordance with the law. The options of 2,993 thousand shares have been fully exercised.
D. The weighted-average stock price of stock options at exercise dates for the year ended December 31, 2023 was $42.43.
E. The expiry date and exercise price of stock options outstanding at balance sheet date are as follows:

follows:
Type of arrangement	Approved release date	Due date	December 31,2023
			No. of shares (sharesinthousands) 2,335 4,153	Exercise price (indollars)
Power Forest- Employee stock options Ancora Semiconductors - Employee stock options	2022.01.10~ 2023.10.01 2022.11.11~ 2023.10.24	2025.01.09~ 2026.09.30 2032.11.10~ 2033.10.23		22.5 $ 10

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December 31, 2022

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Exercise
Type of Approved release Due No. of shares price
arrangement date date (shares in thousands) (in dollars)
----- End of picture text -----

Power Forest-	2022.01.10~	2025.01.09~	2,261	22.5
Employee stock	2022.10.25	2025.10.24
options
Ancora	2022.11.11	2032.11.10	3,500	10
Semiconductors
- Employee
stock options

F. The fair value of stock options granted is measured using the Black-Scholes option-pricing model. Relevant information is as follows:

Type of arrangement	Grant date	Stock price (in dollars)	Exercise price (in dollars)	Expected price volatility	Expected option life(years)	Expected dividends	Risk-free interest rate	Fair value per unit (in dollars)
Power Forest- Employee stock options Power Forest- Employee stock options Power Forest- Cash capital increase reserved for employee preemption Ancora Semiconductors - Employee stock options Ancora Semiconductors - Employee stock options	2022.01.10~ 2022.10.25 2023.01.01~ 2023.10.01 2023.04.07 2022.11.11 2023.02.21~ 2023.10.24	$44.17 27.46 22.59 30.00 24.19~ 30.00	$22.50 22.50 22.50 10.00 10.00	55.89% 51.88% 35.64% 64.69% 62.31%~ 64.67%	1.5 1.5 0.03 6.2 6.2	0% 0% 0% 0% 0%	0.42% 1.10% 1.09% 1.49% 1.10%~ 1.25%	$23.5559 9.1849 0.606 23.84 18.16~ 27.78

Note: Expected price volatility rate was estimated by using the stock prices of the most recent period with length of this period approximate to the length of the stock options’ expected life, and the standard deviation of return on the stock during this year.

G. Expenses incurred on share-based payment transactions are shown below:

Equity-settled	Years endedDecember31,	Years endedDecember31,
	2023 45,869 $	2022
		74,885 $

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(30) Business combinations

A. Business combinations of the Group for the years ended December 31, 2023 and 2022 are as follows:
(a) On October 2, 2023, the Group acquired 100% of the share capital of HY&T Investment Holding B.V. (HY&T) for $5,197,091 and obtained control over HY&T. As a result of the acquisition, the Group is expected to improve the layout of electric vehicle battery management systems. The allocation of the acquisition price of HY&T Investment Holding B.V. will complete in a year.
(b) On February 1, 2023, the Group acquired 55.02% of the share capital of Atrust Computer for $950,259 and obtained control over Atrust. As a result of the acquisition, the Group is expected to strengthen networking solution capability. The allocation of the acquisition price of Atrust Computer was completed in the second quarter of 2023.
(c) On July 18, 2022, the Group acquired 100% of the share capital of UI Acquisition Holding Co. (UI) for $2,766,456 and obtained control over UI. In the fourth quarter of 2022, the acquisition price increased by $30,890 in accordance with the price adjustment mechanism in the contract. As a result of the acquisition, the Group is expected to strengthen industrial automation. The allocation of the acquisition price of UI was completed in the first quarter of 2023, and the price decreased by $33,473 as the equity was adjusted based on the audited financial statements.
(d) On December 1, 2021, the Group acquired 100% of the share capital of March Networks Holdings Ltd. (March) for $3,472,680 and obtained control over March. As a result of the acquisition, the Group is expected to improve the security and building automation. The allocation of acquisition price of March was completed in the second quarter of 2022, and the contingent consideration decreased by $10,556 based on the adjustment to the estimated purchase price.
B. The following table summarises the consideration paid for the abovementioned acquired subsidiaries and the fair values of the assets acquired, liabilities assumed and the non-controlling interest at the acquisition date:

interest at the acquisition date:
Purchase consideration Cash Contingent consideration Fair value of the non- controlling interest	HY&T 5,197,091 $ - 5,197,091 - 5,197,091	Atrust Computer (Note) 950,259 $ - 950,259 591,199 1,541,458	UI(Note) 2,797,346 $ - 2,797,346 - 2,797,346	March(Note)
				3,376,535 $ 85,589
				3,462,124 -
				3,462,124

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HY&T The identifiable assets acquired and liabilities assumed Cash and bank deposits 96,534 Other current assets 1,525,997 Property, plant and equipment 682,104 Intangible assets 2,120,370 Deferred tax assets 25,523 Other non-current assets 1,382,682 Other current liabilities 2,064,913) ( Other non-current liabilities 722,065) ( Total identifiable net assets 3,046,232 Goodwill 2,150,859 $	Atrust Computer (Note) UI(Note) March(Note) 421,004 171,888 510,591 392,688 2,960,518 1,218,552 5,169 143,360 44,809 527,207 523,953 821,850 210 265,321 403,881 35,865 54,254 242,838 411,714) ( 1,553,995) ( 475,624) ( 35,000) ( 68,845) ( 236,879) ( 935,429 2,496,454 2,530,018 606,029 $ 300,892 $ 932,106 $

Note: Represents the amount after the allocation of acquisition price.

C. The allocation of the acquisition price of UI was completed in the first quarter of 2023 and the fair values of the acquired identifiable intangible assets and goodwill were $523,953 and $300,892, respectively.
D. The allocation of the acquisition price of Atrust Computer was completed in the second quarter of 2023 and the fair values of the acquired identifiable intangible assets and goodwill were $527,207 and $606,029, respectively.
E. The operating revenue included in the consolidated statement of comprehensive income since February 1, 2023 contributed by Atrust Computer was $796,087. Atrust Computer also contributed loss before income tax of ($1,857) over the same period. Had Atrust Computer been consolidated from January 1, 2023, the consolidated statement of comprehensive income for the year ended December 31, 2023 would show operating revenue of $401,267,192 and profit before income tax of $48,633,324.
F. The operating revenue included in the consolidated statement of comprehensive income since October 2, 2023 contributed by HY&T was $661,408. HY&T also contributed loss before income tax of ($147,120) over the same period. Had HY&T been consolidated from January 1, 2023, the consolidated statement of comprehensive income for the year ended December 31, 2023 would show operating revenue of $403,005,909 and profit before income tax of $47,433,412.

(31) Supplemental cash flow information

The Group’s subsidiary, Vivotek Inc., sold 100% of shares in the subsidiary – Otus Imaging, Inc. on March 31, 2023 and therefore lost control over the subsidiary. The details of the consideration received from the transaction and assets and liabilities relating to the subsidiary are as follows:

~86~

			Otus Imaging,Inc.
Purchase consideration
Cash		$	115,535
Carrying amount of the assets and liabilities of Otus Imaging, Inc.
Cash			26,529
Accounts receivable			565
Current income tax assets			2
Inventories			17,529
Prepayments			7
Other current assets			28
Property, plant and equipment			547
Other non-current assets			181
Contract liabilities - current	(		8)
Accounts payable	(		340)
Accounts payable - related parties	(		6)
Other payables	(		2,054)
Other current liabilities	(		177)
Total net assets		$	42,803

(32) Transactions with non-controlling interest

A. Acquisition of additional equity interest in a subsidiary

For the year ended December 31, 2023, the Group acquired additional equity interest of 5% in Eltek Egypt for Power Supply S.A.E. (Eltek Egypt) from non-controlling interest for a total cash consideration of $1,619. For the year ended December 31, 2022, the Group acquired additional equity interest of 1.66% in Vivotek and 0.03% in AMT for a total cash consideration of $111,232. The effect of changes in interest attributable to owners of the parent for the years ended December 31, 2023 and 2022 is shown below:

31, 2023 and 2022 is shown below:
Carrying amount of non-controlling interest acquired Consideration paid to non-controlling interest Difference between proceeds on actual acquisition of equity interest in a subsidiary and its carrying amount: Capital surplus Unappropriated retained earnings		Years endedDecember31,
	2023 Eltek Egypt Vivotek AMT Total 2,170 $ 125,504 $ 407 $ 125,911 $ 1,619) ( 110,182) ( 1,050) ( 111,232) ( 551 $ 15,322 $ 643) ($ 14,679 $ 551 $ 15,322 $ - $ 15,322 $ - $ - $ 643) ($ 643) ($ 2022			2022

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B. Disposal of partial equity in subsidiaries without loss of control

For the year ended December 31, 2023, the Group disposed 0.72% equity interest in the subsidiary, Delta Electronics (Thailand) Public Company Limited (DET), for a consideration of $7,380,571, resulting in a decrease in the Group’s ownership percentage to 63.07%. For the years ended December 31, 2022, the Group had no disposal transactions. The effect of changes in interests attributable to owners of the parent for the years ended December 31, 2023 and 2022 is shown below:

shown below:
			Years ended	December	31,
			2023		2022
Consideration received from non-controlling
interest		$	7,380,571	$	-
Carrying amount of disposing equity interest
in a subsidiary	(		739,083)		-
Adjustment of other equity	(		1,358,399)		-
		$	5,283,089	$	-
Difference between proceeds on actual
acquisition or disposal of equity interest
in a subsidiary and its carrying amount:
Capital surplus		$	5,283,089	$	-

(33) Changes in liabilities from financing activities

Short-term borrowings At January 1, 2023 2,076,762 $ Changes in cash flow from financing activities 874,114 Effect of business combination 384,012 At December 31, 2023 3,334,888 $ Short-term borrowings At January 1, 2022 4,397,362 $ Changes in cash flow from financing activities 2,320,600) ( At December 31, 2022 2,076,762 $	Long-term borrowings Liabilities from (including current financing Bonds payable portion) activities-gross 11,600,000 $ 32,779,766 $ 46,456,528 $ 17,500,000 8,047,526) ( 10,326,588 - 127,860 511,872 29,100,000 $ 24,860,100 $ 57,294,988 $ Long-term borrowings Liabilities from (including current financing Bondspayable portion) activities-gross - $ 43,958,912 $ 48,356,274 $ 11,600,000 11,179,146) ( 1,899,746) ( 11,600,000 $ 32,779,766 $ 46,456,528 $	Liabilities from financing activities-gross
		46,456,528 $ 10,326,588 511,872
		57,294,988 $
		Liabilities from financing activities-gross
		46,456,528 $

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7. RELATED PARTY TRANSACTIONS

(1) Names and relationship of related parties

Names and relationship of related parties
Names of related parties	Relationship withthe Group
Compower AS Fujian Kaixin Construciton Engineering Co., Ltd. Delta Networks (Xiamen) Ltd. Digital Projection Asia Pte Ltd.	Associate " " "

(2) Significant transactions and balances with related parties

A. Operating revenue

Operating revenue
		Years ended	December31,
		2023		2022
Sales of goods:
Associates	$	63,488	$	94,287
Sales of services:
Associates		4		28
	$	63,492	$	94,315

The Group sells commodities to related parties based on mutually agreed selling prices and terms as there is no similar transaction to be compared with. Sales of services to related parties arise mainly from sales and services of construction system.

B. Purchases of goods

Purchases of goods
Purchases of goods: Associates	Years ended December 31,
	2023 161,554 $	2022
		188,860 $

The purchase terms, including prices and payments, are based on mutual agreement and have no similar transaction to be compared with.

C. Period-end balances arising from sales of goods and services

Receivables from related parties: Associates	December31,2023 5,801 $	December31,2022
		29,551 $

The receivables from related parties arise mainly from sales transactions. The receivables are due 75 days after the date of sale. The receivables are unsecured in nature and bear no interest.

D. Period-end balances arising from purchases of goods

Payables to related parties: Associates	December31,2023 38,185 $	December31,2022
		28,525 $

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The payables to related parties arise mainly from purchase transactions and are due 70 days after the date of purchase. The payables bear no interest.

E. Period-end balances arising from other transactions

Other receivables-related parties Associates Other payables-related parties Associates	December31,2023 December31,2022 3,122 $ 2,000 $ December31,2023 December31,2022 - $ 867 $

Other receivables due from related parties mainly arose from receivables resulting from transactions other than sales. Other payables to related parties mainly arose from payables resulting from transactions other than purchases.

(3) Key management compensation

Key management compensation
Short-term employee benefits Post-employment benefits	Years endedDecember31,
	2023 381,634 $ 753 382,387 $	2022
		333,932 $ 737
		334,669 $

8. PLEDGED ASSETS

The Group’s assets pledged as collateral are as follows:

Book Value

Pledged assets Demand deposits and time deposits (shown as current financial assets at amortised cost) Accounts receivable Demand deposits and time deposits (shown as other non-current assets) Property, plant and equipment	December 31, 2023 259,567 $ 122,923 29,274 282,023 693,787 $	December 31, 2022 265,382 $ - 143,498 477,276 886,156 $	Pledgepurpose
			Performance bonds, custom guarantee, court attachments and other guarantee deposits Accounts receivable financing Performance bonds and custom guarantee Long-term borrowings and credit line of long-term borrowings

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9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS

(1) Contingencies

None.

(2) Commitments

Capital expenditures contracted for at the balance sheet date but not yet incurred are as follows:

December 31, 2023 December 31, 2022 Property, plant and equipment $ 9,931,738 $ 9,507,364 Costs of computer software $ 187,471 $ 558,781

10. SIGNIFICANT CASUALTY LOSS

None.

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

(1) Information about the appropriations of 2023 earnings of the Company is provided in Note 6(18) E.
(2) On January 17, 2024, the Board of Directors of the Company approved the acquisition of technology transfer of hydrogen stack, development licensing, engineering services and production capacity expansion costs in response to the demand for sample stack from Ceres Power Limited with the total amount of approximately GBP 43 million.
(3) On January 17, 2024, the Board of Directors of the Company approved the acquisition of real estate and then entered into an agreement with Nan Shan Life Insurance Company, Ltd. for an amount of approximately $4,789 million on January 25, 2024.
(4) On January 11, 2024, the Board of Directors of Delta Electronics India Pvt. Ltd. approved the construction of dormitory in Hosur Plant, Tamil Nadu, India with estimated total cost of INR 8 billion.

12. OTHERS

(1) Capital risk management

The Group’s objectives when managing capital are to maintain an integrity credit rating and good capital structure to support operations and maximize stockholders’ equity.

(2) Financial instruments

A. Financial instruments by category:

Refer to the consolidated balance sheets and Note 6 for related amounts and information of the Group’s financial assets (financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income, financial assets at amortised cost, cash and cash equivalents, notes receivable, accounts receivable (including related parties), other receivables (including related parties) and guarantee deposits paid) and financial liabilities (financial liabilities at fair value through profit or loss, short-term borrowings, notes payable, accounts payable (including related parties), other payables, bonds payable, guarantee deposits received, lease liabilities and long-term borrowings).

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B. Financial risk management policies

The Group’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk, interest rate risk and price risk), credit risk and liquidity risk. The Group’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group’s financial position and financial performance. The Group uses derivative financial instruments to hedge certain risk exposures (see Note 6(2)).

C. Significant financial risks and degrees of financial risks
(a) Market risk

Foreign exchange risk

i. The Group operates internationally and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to the USD, RMB, EUR and THB. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities and net investments in foreign operations.
ii. Management has set up a policy to require group companies to manage their foreign exchange risk against their functional currency. To manage their foreign exchange risk arising from future commercial transactions and recognised assets and liabilities, entities in the Group use forward foreign exchange contracts, foreign exchange swap contracts, transacted with Group treasury.
iii. The Group adopts the derivative financial instruments like forward exchange contracts / forward exchange transactions, etc. to hedge the fair value risk and cash flow risk due to foreign exchange rate fluctuations. The Group monitors at any time and pre-sets a “stop loss” amount to limit its foreign exchange risk.
iv. The Group’s businesses involve some non-functional currency operations (the Company’s and certain subsidiaries’ functional currency: NTD; other certain subsidiaries’ functional currency: USD, RMB and THB). The information on assets and liabilities denominated in foreign currencies whose values would be materially affected by the exchange rate fluctuations is as follows:

~92~

(Foreign currency: functional currency) Financial assets Monetary items USD:THB (Note) USD:NTD USD:RMB (Note) RMB:USD (Note) EUR:USD (Note) SGD:USD (Note) Non-monetary items USD:NTD THB:USD (Note) RMB:USD (Note) USD:THB (Note) NOK:USD (Note) EUR:USD (Note) THB:NTD CAD:USD (Note) JPY:USD (Note) Financial liabilities Monetary items USD:THB (Note) USD:NTD RMB:USD (Note) USD:RMB (Note) EUR:USD (Note) USD:KRW (Note) SGD:USD (Note)	Foreign currency amount Exchange (inthousands) rate 982,669 $ 34.0523 561,117 30.7050 271,592 7.0973 1,525,780 0.1409 107,709 1.1067 44,352 0.7585 7,238,902 $ 30.7050 68,431,357 0.0294 10,185,763 0.1409 604,737 34.0523 3,743,141 0.0983 192,963 1.1067 6,259,990 0.9017 56,709 0.7556 5,253,964 0.0071 614,738 $ 34.0523 547,625 30.7050 1,744,670 0.1409 174,480 7.0973 69,441 1.1067 61,011 1,284.1907 73,958 0.7585 December31,2023	Book value (NTD) 30,172,857 $ 17,229,086 8,339,235 6,600,968 3,659,938 1,032,969 222,270,491 $ 61,704,555 44,066,564 18,568,459 11,293,319 6,556,867 5,644,633 1,315,642 1,141,161 18,875,538 $ 16,814,841 7,547,950 5,357,421 2,359,590 1,873,334 1,722,484

Note: Certain consolidated entities’ functional currency is not NTD. Therefore, the Group shall consider these items when disclosing the above information.

~93~

(Foreign currency: functional currency) Financial assets Monetary items USD:NTD USD:THB (Note) USD:RMB (Note) RMB:USD (Note) EUR:USD (Note) Non-monetary items USD:NTD THB:USD (Note) RMB:USD (Note) USD:THB (Note) NOK:USD (Note) THB:NTD EUR:USD (Note) CAD:USD (Note) Financial liabilities Monetary items USD:NTD USD:THB (Note) RMB:USD (Note) USD:RMB (Note) EUR:USD (Note) SGD:USD (Note)		December31,2022	December31,2022
		Foreign currency amount (inthousands) 672,093 $ 453,354 355,454 1,398,952 100,072 6,510,039 $ 62,766,372 9,430,018 477,835 3,799,429 5,702,778 50,706 53,790 637,367 $ 427,396 2,060,113 276,013 66,637 92,025	Exchange rate 30.7100 34.3474 6.9566 0.1437 1.0655 30.7100 0.0291 0.1437 34.3474 0.1013 0.8941 1.0655 0.7382 30.7100 34.3474 0.1437 6.9566 1.0655 0.7450	Book value (NTD) 20,639,966 $ 13,922,487 10,915,995 6,175,688 3,274,367 199,923,287 $ 56,119,413 41,628,907 14,674,323 11,819,719 5,098,854 1,659,113 1,219,426 19,573,533 $ 13,125,318 9,094,391 8,476,363 2,180,358 2,105,524

Note: Certain consolidated entities’ functional currency is not NTD. Therefore, the Group shall consider these items when disclosing the above information.
v. Total exchange gain, including realised and unrealised, arising from significant foreign exchange variation on the monetary items held by the Group for the years ended December 31, 2023 and 2022 amounted to $1,275,185 and $583,789, respectively.
vi. Analysis of foreign currency market risk arising from significant foreign exchange variation:

~94~

Year ended December31,2023	Year ended December31,2023	Year ended December31,2023
Sensitivity analysis
Degree of Effect on Effect on other comprehensive variation profit or loss income 1% 301,729 $ - $ 1% 172,291 - 1% 83,392 - 1% 66,010 - 1% 36,599 - 1% 10,330 - 1% 188,755 $ - $ 1% 168,148 - 1% 75,480 - 1% 53,574 - 1% 23,596 - 1% 18,733 1% 17,225 - Year ended December31,2022		Effect on other comprehensive income
Sensitivity analysis
Degree of variation 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1%	Effect on profit or loss 206,400 $ 139,225 109,160 61,757 32,744 195,735 $ 131,253 90,944 84,764 21,804 21,055	Effect on other comprehensive income
		- $ - - - - - $ - - - - -

Note: Certain consolidated entities’ functional currency is not NTD. Therefore, the Group shall consider these items when disclosing the above information.

~95~

Price risk

i. The Group’s equity securities, which are exposed to price risk, are the held financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income. To manage its price risk arising from investments in equity securities, the Group diversifies its portfolio.
ii The Group’s investments in equity securities comprise shares issued by the domestic and foreign companies. The prices of equity securities would change due to the change of the future value of investee companies. If the prices of these equity securities had increased/decreased by 1% with all other variables held constant, post-tax profit for the years ended December 31, 2023 and 2022 would have increased/decreased by $45,564 and $17,011, respectively, as a result of gain/loss on equity securities classified as at fair value through profit or loss. Other components of equity would have increased/decreased by $13,837 and $14,772, respectively, as a result of other comprehensive income classified equity investment at fair value through other comprehensive income.

Cash flow and fair value interest rate risk

i. The Group’s main interest rate risk arises from long-term borrowings and bonds payable. Borrowings issued at variable rates expose the Group to cash flow interest rate risk which is partially offset by cash and cash equivalents held at variable rates. Borrowings and bonds payable issued at fixed rates expose the Group to fair value interest rate risk. The Group’s borrowings mainly bear variable interest rate ; while bonds payable bear fixed interest rate. During the years ended December 31, 2023 and 2022, the Group’s borrowings at variable rate were denominated in NTD, USD and JPY, and the Group’s bonds payable at fixed rates were denominated in NTD.
ii. As at December 31, 2023 and 2022, if the interest rate increases by 0.25%, with all other variables held constant, profit, net of tax for the years ended December 31, 2023 and 2022 would have decreased by $49,698 and $65,537, respectively. The main factor is that changes in interest expense result from floating rate 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 on the contract obligations. The main factor is that counterparties could not repay in full the accounts receivable based on the agreed terms, and the contract cash flows of financial instruments which were settled in accordance with trading conditions.
ii. According to the Group’s credit policy, each local entity in the Group is responsible for managing and analysing the credit risk for each of their 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.
iii. Individual risk limits are set based on internal or external ratings in accordance with limits

~96~

set by the credit controller. The utilisation of credit limits is regularly monitored.

iv. For banks and financial institutions, only well rated parties are accepted.
v. The Group adopts the assumption under IFRS 9, that is, if the contract payments are past due over 180 days based on the terms, there has been a significant increase in credit risk on that instrument since initial recognition.
vi. The Group adopts the assumption under IFRS 9, that is, the default occurs when the contract payments are not expected to be recovered and are transferred to overdue receivables.
vii. The Group classifies customer’s accounts receivable and contract assets in accordance with customer types. The Group applies the simplified approach using the provision matrix based on the loss rate methodology to estimate expected credit loss.
viii. The Group uses the forecastability to adjust historical and timely information to assess the default possibility of accounts receivable and contract assets. There were no contract assets past due as at December 31, 2023 and 2022. On December 31, 2023 and 2022, the provision matrix of accounts receivable is as follows:

At December 31, 2023 Expected loss rate Total book value Loss allowance Expected loss rate Total book value Loss allowance At December 31, 2022 Expected loss rate Total book value Loss allowance Expected loss rate Total book value Loss allowance	Not past due 0.00% 65,274,347 $ 935 $ 181-365 days past due 38.57% 324,169 $ 125,037 $ Not past due 0.00% 73,676,921 $ 478 $ 181-365 days past due 40.35% 213,655 $ 86,204 $	1-90 days past due 1.66% 11,479,401 $ 190,800 $ Over 366 days past due 90.31% 228,578 $ 206,440 $ 1-90 days past due 1.09% 9,781,373 $ 106,371 $ Over 366 days past due 98.79% 218,039 $ 215,411 $	91-180 days past due
			24.09% 454,029 $
			109,389 $
			Total
			77,760,524 $
			632,601 $
			91-180 days past due
			13.83% 687,649 $
			95,104 $
			Total
			84,577,637 $
			503,568 $

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ix. Movements in relation to the Group applying the simplified approach to provide loss allowance for notes receivable, accounts receivable, contract assets and overdue receivables are as follows:

At January 1 Provision for impairment loss Reclassification Reversal of impairment loss Write-offs during the year Effect of foreign exchange At December 31 At January 1 Provision for impairment loss Reclassification Write-offs during the year Effect of foreign exchange At December 31	Notes Accounts receivable receivable - $ 503,568 $ - 135,346 - 1,035) ( - - - 7,751) ( - 2,473 - $ 632,601 $	Contract Overdue assets receivables Total - $ 293,877 $ 797,445 $ - - 135,346 - 1,035 - - 7,998) ( 7,998) ( - 21,124) ( 28,875) ( - 799) ( 1,674 - $ 264,991 $ 897,592 $ Contract Overdue assets receivables Total - $ 313,298 $ 663,842 $ - 282 133,524 - 4,111 - - 35,953) ( 38,300) ( - 12,139 38,379 - $ 293,877 $ 797,445 $ 2023 2022
	Notes Accounts receivable receivable - $ 350,544 $ - 133,242 - 4,111) ( - 2,347) ( - 26,240 - $ 503,568 $

For provisioned loss for the years ended December 31, 2023 and 2022, the provision for impairment loss arising from customers’ contracts amounted to $127,348 and $133,524, respectively.

(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. The table below analyses the Group’s non-derivative financial liabilities and net-settled or gross-settled derivative financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date for nonderivative financial liabilities and to the expected maturity date for derivative financial liabilities:

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Non-derivative financial liabilities:

Non-derivative financial liabilities:
Derivative financial liabilities: Less than December31,2023 1year Short-term borrowings 3,341,203 $ Notes and accounts payable (including related parties) 53,538,944 Other payables 44,336,025 Lease liabilities (including current portion) 854,819 Bonds payable 406,300 Long-term borrowings (including current portion) 2,707,916 Less than December31,2022 1year Short-term borrowings 2,122,489 $ Notes and accounts payable (including related parties) 62,715,670 Other payables 40,718,682 Lease liabilities (including current portion) 648,343 Bonds payable 128,950 Long-term borrowings (including current portion) 198,295 Non-derivative financial liabilities:	Between 1 and2years - $ - - 648,127 5,389,019 20,516,564 Between 1 and2years - $ - - 509,150 128,950 30,489,081	Between 2 and 5 years - $ - - 1,018,478 23,661,759 1,657,738 Between 2 and 5 years - $ - - 901,995 11,087,747 2,029,164	Over 5 years
			- $ - - 1,055,942 701,692 188,707 Over 5 years
			- $ - - 1,028,183 707,992 300,581

As at December 31, 2023 and 2022, the Group’s derivative financial liabilities are due within 1 year.

iii. The Group does not expect the timing of occurrence of the cash flows estimated through the maturity date analysis to be significantly earlier, nor expect the actual cash flow amount to be significantly different.

(3) Fair value information

A. The different levels that the 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 where a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.
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.

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B. The carrying amounts of financial instruments not measured at fair value including cash and cash equivalents, notes receivable, accounts receivable, other receivables, short-term borrowings, notes payable, accounts payable, other payables, bonds payable and long-term borrowings (including current portion) are approximate to their fair values.
C. The related information on financial and non-financial instruments measured at fair value by level on the basis of the nature, characteristics and risks of the assets and liabilities is as follows:

December 31, 2023 Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity instruments Hybrid instruments Derivative instruments Financial assets at fair value through other comprehensive income Equity instruments Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Derivative instruments December 31, 2022 Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity instruments Hybrid instruments Derivative instruments Financial assets at fair value through other comprehensive income Equity instruments Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Derivative instruments	Level 1 4,556,372 $ 98,591 - 1,266,616 5,921,579 $ - $ Level 1 1,701,096 $ 46,929 - 1,268,503 3,016,528 $ - $	Level 2 - $ - 576,526 - 576,526 $ 54,410 $ Level 2 - $ 900,000 605,847 - 1,505,847 $ 74,232 $	Level3 810,090 $ 229,870 - 728,414 1,768,374 $ - $ Level3 1,073,118 $ 204,249 - 472,050 1,749,417 $ - $	Total
				5,366,462 $ 328,461 576,526 1,995,030
				8,266,479 $
				54,410 $
				Total
				2,774,214 $ 1,151,178 605,847 1,740,553
				6,271,792 $
				74,232 $

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D. The methods and assumptions that the Group used to measure fair value are as follows:
(a) The instruments that the Group used market quoted prices as their fair values (that is, Level 1) are listed below by characteristics:
- Listed shares Convertible (exchangeable) bond
- Market quoted price Closing price Closing price
(b) Except for financial instruments with active markets, the fair value of other financial instruments is measured by using valuation techniques that are approved for financial management.
(c) When assessing non-standard and low-complexity financial instruments, the Group adopts valuation technique that is widely used by market participants. The inputs used in the valuation method to measure these financial instruments are normally observable in the market.
(d) The valuation of derivative financial instruments is based on valuation model widely accepted by market participants, such as present value techniques and option pricing models. Forward exchange contracts are usually valued based on the current forward exchange rate.
(e) The output of 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. In accordance with the Group’s management policies and relevant control procedures relating to the valuation models used for fair value measurement, management believes adjustment to valuation is necessary in order to reasonably represent the fair value of financial and non-financial instruments at the consolidated balance sheet. The inputs and pricing information used during valuation are carefully assessed and adjusted based on current market conditions.
(f) 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.
E. In October 2023, the Group converted the convertible bonds of Lanner Electronics Inc. into common stock. Therefore, the Group transferred the fair value from Level 2 to Level 1 at the end of the month when the event occurred. For the year ended December 31, 2022, there was no transfer between Level 1 and Level 2.
F. The following chart is the movement of Level 3 for the years ended December 31, 2023 and 2022:

~101~

At January 1 Gains (losses) recognised in profit or loss Gains recognised in other comprehensive income Acquired during the year Disposals during the year Transfers out from Level 3 Others Net exchange differences At December 31 At January 1 Gains recognised in profit or loss Gains recognised in other comprehensive income Acquired during the year Disposals during the year Transfers out from Level 3 Others Net exchange differences At December 31	Hybrid instruments 204,249 $ 25,621 - - - - - - 229,870 $	Equity instruments 1,545,168 $ 98,208) ( 354,136 617,488 645,886) ( 206,869) ( 25,276) ( 2,049) ( 1,538,504 $ 2023 2022

G. For the years ended December 31, 2023 and 2022, the Group obtained sufficient observable market information for certain financial assets at fair value through profit or loss. These equity securities were transferred from Level 3 into Level 1 at the end of the month in which they were listed.
H. Investment and accounting department is in charge of valuation procedures for fair value measurements being categorised within Level 3, which is to verify independent fair value of financial instruments. Such assessment is to ensure the valuation results are reasonable by applying independent information to make results close to current market conditions and periodical review.

The capital department establishes valuation policies, valuation processes and ensures compliance with the related requirements in IFRS. The related valuation results are reported to the management monthly. The management is responsible for managing and reviewing valuation processes.

~102~

I. The following is the qualitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuat ion model used in Level 3 fair value measurement:

Non-derivative equity instruments: Unlisted shares `〃` Hybrid instrument: Convertible preferred stocks Non-derivative equity instruments: Unlisted shares	Fair value at December 31, 2023	Valuation technique	Significant unobservable input Not applicable Price to book ratio multiple Price to book ratio multiple Discount for lack of marketability Discount for lack of marketability Stock price volatility Significant unobservable input	Range(median)	Relationship of inputs to fairvalue
	1,421,372 $ 117,132 229,870 Fair value at December 31, 2022	Most recent non-active market price Market comparable companies Equity value of complex capital structures Valuation technique		- 0.42~1.82 (0.90) 1.38~3.90 (1.99) 20% (20%) 1% 55% Range (median)	Not applicable Relationship of inputs to fairvalue The higher the multiple, the higher the fair value; the higher the discount for lack of marketability, the lower the fair value The higher the discount for lack of marketability, the lower the fair value; the higher the stock price volatility, the higher the fair value
	1,336,503 $	Most recent non-active market price	Not applicable	-	Not applicable

~103~

Unlisted shares Hybrid instrument: Convertible preferred stocks	Fair value at December 31, 2022 Valuation technique Significant unobservable input 208,665 Market comparable companies Price to book ratio multiple Price to book ratio multiple Price to book ratio multiple Discount for lack of marketability 204,249 $ Equity value of complex capital structures Discount for lack of marketability Stock price volatility	Range(median) Relationship of inputs to fairvalue 0.42~2.00 (0.97) 0.64~2.20 (2.0) 1.44~3.50 (1.98) 20% (20%) 7% 55% The higher the discount for lack of marketability, the lower the fair value; the higher the stock price volatility, the higher the fair value The higher the multiple, the higher the fair value; the higher the discount for lack of marketability, the lower the fair value

J. The Group’s valuation techniques are based on the most recent non-active market price after carefully assessing the valuation models and assumptions used to measure fair value. However, use of different valuation models or assumptions may result in different measurement. The following is the effect on profit or loss or on other comprehensive income from financial assets and liabilities categorised within Level 3 if the inputs used to valuation models have changed:

Financial assets Equity instruments Financial assets Hybrid instrument	Discount for lack of marketability ± 1% Discount for marketability ± 1% Input Change	December	Favorable Unfavorable change change 1,714 $ 1,714) ($ - $ - $ 31, 2023 Recognised in other comprehensive income(loss)
		Favorable Unfavorable change change - $ - $ 2,321 $ 2,321) ($ Recognised in profit or loss

~104~

==> picture [463 x 174] intentionally omitted <==

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

December 31, 2022
Recognised in Recognised in other
profit or loss comprehensive income (loss)
Favorable Unfavorable Favorable Unfavorable
Input Change change change change change
Financial assets
Equity Discount for ± 1% $ - $ - $ 3,028 ($ 3,028)
instruments lack of
marketability
Financial assets
Hybrid Discount for ± 1% $ 2,197 ($ 2,193) $ - $ -
instrument marketability
----- End of picture text -----

13. SUPPLEMENTARY DISCLOSURES

(1) Significant transactions information

A. Loans to others: Please refer to table 1.
B. Provision of endorsements and guarantees to others: Please refer to table 2.
C. Holding of marketable securities at the end of the period (not including subsidiaries, associates and joint ventures): Please refer to table 3.
D. Acquisition or sale of the same security with the accumulated cost exceeding $300 million or 20% of the Company’s paid-in capital: Please refer to table 4.
E. Acquisition of real estate reaching $300 million or 20% of paid-in capital or more: Please refer to table 5.
F. Disposal of real estate reaching $300 million or 20% of paid-in capital or more: None.
G. Purchases or sales of goods from or to related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 6.
H. Receivables from related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 7.
I. Trading in derivative instruments undertaken during the reporting periods: Please refer to Notes 6(2), 6(4) and 12(2).
J. Significant inter-company transactions during the reporting periods: Please refer to table 8.

(2) Information on investees

Names, locations and other information of investee companies (not including investees in Mainland China): Please refer to table 9.

(3) Information on investments in Mainland China

A. Basic information: Please refer to table 10.
B. Significant transactions, either directly or indirectly through a third area, with investee companies in the Mainland China: Please refer to tables 6, 7 and 8 for significant transactions of purchases, sales, receivables and payables of investee companies in the Mainland China, and transactions

~105~

between the Company indirectly through investees in a third area, Delta Electronics Int'l (Singapore) Pte. Ltd. (DEIL-SG), with investee companies in the Mainland China, for the year ended December 31, 2023.

(4) Major shareholders information

Please refer to table 11.

14. OPERATING SEGMENT INFORMATION

(1) General information

The Group’s management has determined the reportable segments based on the reports reviewed by the Board of Directors that are used to make strategic decisions. The Group considers the business from a product perspective. The Group’s business is segregated into power electronics business, automation business and infrastructure business. Breakdown of the revenue from all sources is as follows:

A. Power electronics: Electronic Control Systems, Component, Fans and Thermal Management, Automotive Electronics and Merchant & Mobile Power.
B. Automation: Industrial Automation and Building Automation.
C. Infrastructure: ICT Infrastructure, Energy Infrastructure and Digital Display Products..

(2) Measurement of segment information

The Group’s segment profit (loss) is measured with the operating profit (loss) before tax, which is used as a basis for the Group in assessing the performance of the operating segments. The accounting policies of the operating segments are in agreement with the significant accounting policies summarized in Note 4.

(3) Segment information

The segment information provided to the chief operating decision-maker for the reportable segments is as follows:

is as follows:
Revenue from external customers Segment income (Note)		Year ended December 31, 2023
	Power electronics business 248,261,435 $ 35,970,510 $	Automation business 54,295,479 $ 1,463,565 $	Infrastructure business 98,474,919 $ 3,515,762 $	Total
				401,031,833 $
				40,949,837 $

~106~

Revenue from external customers Segment income (Note)	Power electronics Automation Infrastructure business business business 227,324,556 $ 54,519,220 $ 102,135,297 $ 32,129,078 $ 3,147,127 $ 6,162,619 $ Year ended December 31,2022	Total 383,979,073 $ 41,438,824 $

(Note) Segment income represents income after eliminating inter-segment transactions.

(4) Reconciliation information for segment income

A. The revenue from external customers reported to the chief operating decision-maker is measured in a manner consistent with that of the statement of comprehensive income.
B. A reconciliation of reportable segments income or loss to income before tax from continuing operations for the years ended December 31, 2023 and 2022 is provided as follows:

Reportable segments income Non-operating income and expenses Income before tax from continuing operations	YearendedDecember31,
	2023 2022 40,949,837 $ 41,438,824 $ 7,692,274 4,626,474 48,642,111 $ 46,065,298 $

(5) Information on products and services

As the Group considered the business from a product perspective, the reportable segments were based on different products and services. Revenues from external customers are the same as in Note 14(3).

(6) Geographical information

Information about geographic areas for the years ended December 31, 2023 and 2022 were as follows:

lows:
Mainland China U.S.A. Taiwan Thailand Others Total	Years endedDecember31,
	Non-current Revenue assets 107,709,513 $ 30,272,465 $ 100,431,267 8,530,845 35,761,311 45,671,490 2,955,134 55,208,323 154,369,276 43,674,234 401,226,501 $ 183,357,357 $ 2023	2022
	Revenue 107,709,513 $ 100,431,267 35,761,311 2,955,134 154,369,276 401,226,501 $	Revenue 113,271,949 $ 103,574,115 35,439,444 3,409,805 128,747,995 384,443,308 $	Non-current assets
			31,170,504 $ 9,063,754 42,435,159 49,055,893 38,503,262
			170,228,572 $

(7) Major customer information

There are no customers accounting for more than 10% of the Group’s operating revenues for the years ended December 31, 2023 and 2022.

~107~

Delta Electronics, Inc. and Subsidiaries Loans to others

Year ended December 31, 2023

Table 1

Expressed in thousands of New Taiwan dollars, except as otherwise indicated

No. (Note 1)	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2023(Note 2)	Balance at December 31, 2023	Actual amount drawn down	Interest rate	Nature of loan (Note 6)	Amount of transactions with the borrower	Reason for short-term financing	Allowance for doubtful accounts	Collateral	Collateral	Limit on loans granted to a singleparty	Ceiling on total loansgranted	Footnote
													Item	Value
1	Fairview Assets Ltd.	Delta Controls Inc.	Other receivables - related parties	Yes	2,855,565 $	2,579,220 $	1,565,955 $	5.43%	2	- $	Additional operating capital	- $	None	- $	33,276,886 $	33,276,886 $	Note 5
1	Fairview Assets Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Other receivables - related parties	Yes	18,776,108	11,667,900	11,667,900	5.43%	2	-	Additional operating capital	-	None	-	33,276,886	33,276,886	Note 5
1	Fairview Assets Ltd.	Delta Electronics (H.K.) Ltd.	Other receivables - related parties	Yes	9,672,075	9,672,075	9,672,075	5.43%	2	-	Additional operating capital	-	None	-	33,276,886	33,276,886	Note 5
2	Delta International Holding Limited B.V.	Delta Electronics (Netherlands) B.V.	Other receivables - related parties	Yes	14,431,350	767,625	767,625	5.43%	2	-	Additional operating capital	-	None	-	82,737,869	82,737,869	Note 5
2	Delta International Holding Limited B.V.	Drake Investment (HK) Limited	Other receivables - related parties	Yes	767,625	-	-	5.43%	2	-	Additional operating capital	-	None	-	82,737,869	82,737,869	Note 5
2	Delta International Holding Limited B.V.	Delta Electronics (H.K.) Ltd.	Other receivables - related parties	Yes	13,510,200	13,141,740	13,141,740	5.43%	2	-	Additional operating capital	-	None	-	82,737,869	82,737,869	Note 5
2	Delta International Holding Limited B.V.	Delta Controls Inc.	Other receivables - related parties	Yes	429,870	429,870	429,870	5.43%	2	-	Additional operating capital	-	None	-	82,737,869	82,737,869	Note 5
2	Delta International Holding Limited B.V.	Digital Projection Inc.	Other receivables - related parties	Yes	70,622	-	-	5.43%	2	-	Additional operating capital	-	None	-	82,737,869	82,737,869	Note 5
2	Delta International Holding Limited B.V.	Amerlux, LLC	Other receivables - related parties	Yes	951,855	829,035	829,035	5.43%	2	-	Additional operating capital	-	None	-	82,737,869	82,737,869	Note 5
2	Delta International Holding Limited B.V.	Delta Electronics (USA) Inc.	Other receivables - related parties	Yes	921,150	859,740	859,740	5.43%	2	-	Additional operating capital	-	None	-	82,737,869	82,737,869	Note 5
2	Delta International Holding Limited B.V.	TB&C Outsert Center GmbH	Other receivables - related parties	Yes	67,960	-	-	4.45%	2	-	Additional operating capital	-	None	-	82,737,869	82,737,869	Note 5
3	DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Sweden) AB	Other receivables - related parties	Yes	61,600	-	-	3.80%	2	-	Additional operating capital	-	None	-	3,681,570	3,681,570	Note 5

Table 1-1

No. (Note 1)	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2023(Note 2)	Balance at December 31, 2023	Actual amount drawn down	Interest rate	Nature of loan (Note 6)	Amount of transactions with the borrower	Reason for short-term financing	Allowance for doubtful accounts	Collateral	Collateral	Limit on loans granted to a singleparty	Ceiling on total loansgranted	Footnote
													Item	Value
3	DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Poland) Sp. z o.o.	Other receivables - related parties	Yes	66,938 $	43,313 $	43,313 $	6.30%	2	- $	Additional operating capital	- $	None	- $	3,681,570 $	3,681,570 $	Note 5
3	DELTA ELECTRONICS (NORWAY) AS	Eltek s.r.o.	Other receivables - related parties	Yes	329,606	329,606	329,606	4.45%	2	-	Additional operating capital	-	None	-	3,681,570	3,681,570	Note 5
3	DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Slovakia) s.r.o.	Other receivables - related parties	Yes	407,760	407,760	407,760	4.45%	2	-	Additional operating capital	-	None	-	3,681,570	3,681,570	Note 5
4	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Other receivables - related parties	Yes	1,514,202	1,514,202	1,514,202	4.65%	2	-	Additional operating capital	-	None	-	4,414,060	4,414,060	Note 5
5	Delta Energy Systems (Germany) GmbH	Delta Energy Systems Property (Germany) GmbH	Other receivables - related parties	Yes	377,178	368,683	368,683	0.40%	2	-	Additional operating capital	-	None	-	1,213,868	1,213,868	Note 5
5	Delta Energy Systems (Germany) GmbH	Delta Electronics (Slovakia) s.r.o.	Other receivables - related parties	Yes	509,700	509,700	509,700	4.45%	2	-	Additional operating capital	-	None	-	1,213,868	1,213,868	Note 5
6	DET International Holding B.V.	Delta Electronics India Pvt. Ltd.	Other receivables - related parties	Yes	2,394,990	2,394,990	2,394,990	1.7%- 4%	2	-	Additional operating capital	-	None	-	7,992,372	7,992,372	Note 5
7	Delta Greentech (Netherlands) B.V.	Eltek s.r.o.	Other receivables - related parties	Yes	237,860	-	-	4.45%	2	-	Additional operating capital	-	None	-	1,189,221	1,189,221	Note 5
8	Delta Electronics (Shanghai) Co., Ltd.	Cyntec Electronics (WuHu) Co., Ltd.	Other receivables - related parties	Yes	1,965,866	951,784	951,784	3.70%	2	-	Additional operating capital	-	None	-	7,184,268	7,184,268	Note 5
8	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Chongqing) Ltd.	Other receivables - related parties	Yes	1,903,568	605,681	605,681	4.45%	2	-	Additional operating capital	-	None	-	7,184,268	7,184,268	Note 5
8	Delta Electronics (Shanghai) Co., Ltd.	Cyntec Electronics (Suzhou) Co., Ltd.	Other receivables - related parties	Yes	865,258	-	-	3.70%	2	-	Additional operating capital	-	None	-	7,184,268	7,184,268	Note 5
9	Delta Electronics (Thailand) Public CompanyLimited	Delta Green Industrial (Thailand) Co., Ltd.	Other receivables - related parties	Yes	90,170	-	-	2.40%	2	-	Additional operating capital	-	None	-	60,284,130	60,284,130	Note 5

Table 1-2

No. (Note 1)	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2023(Note 2)	Balance at December 31, 2023	Actual amount drawn down	Interest rate	Nature of loan (Note 6)	Amount of transactions with the borrower	Reason for short-term financing	Allowance for doubtful accounts	Collateral	Collateral	Limit on loans granted to a singleparty	Ceiling on total loansgranted	Footnote
													Item	Value
10	Vivotek USA, Inc.	Wellstates Investment, LLC	Other receivables - related parties	Yes	33,428 $	29,146 $	29,146 $	3.90%	2	- $	Additional operating capital	- $	None	- $	408,245 $	408,245 $	Note 5
11	Universal Instruments Corporation	Universal Instruments Mfg.(Shenzhen) Co. Ltd.	Other receivables - related parties	Yes	201,934	151,451	151,451	0.00%	2	-	Additional operating capital	-	None	-	2,764,558	2,764,558	Note 5
11	Universal Instruments Corporation	Universal Instruments (Hong Kong) Limited	Other receivables - related parties	Yes	42,607	42,607	42,607	5.50%	2	-	Additional operating capital	-	None	-	2,764,558	2,764,558	Note 5
12	TB&C Holding GmbH	TB&C Outsert International B.V.	Other receivables - related parties	Yes	41,134	-	-	4.20%	2	-	Additional operating capital	-	None	-	965,515	965,515	Note 5
13	TB&C Outsert International B.V.	TB&C Outsert Romania SRL	Other receivables - related parties	Yes	145,000	-	-	2.0%- 5.425%	2	-	Additional operating capital	-	None	-	750,800	750,800	Note 5
14	TB&C Outsert Mexico, S. De R.L. DE C.V.	TB&C Outsert International B.V.	Other receivables - related parties	Yes	78,327	78,327	78,327	4.00%	2	-	Additional operating capital	-	None	-	716,097	716,097	Note 5

Note 1: The numbers filled in for the loans provided by the Company or subsidiaries are as follows:

(1) The Company is ‘0’.

(2) The subsidiaries are numbered in order starting from ‘1’.

Note 2: Maximum outstanding balance during the current period was translated into New Taiwan dollars using the exchange rate at December 31, 2023, which the Company reported to the Securities and Futures Bureau.

Note 3: Limit on loans granted by the Company to a single party is 20% of the Company’s net assets based on the latest audited or reviewed financial statements, and limit on total loans is 40% of the Company’s net assets based on the latest audited or reviewed financial statements.

Note 4: Limit on loans granted by subsidiaries to a single party is 40% of the subsidiaries’ net assets based on the latest audited or reviewed financial statements, and limit on total loans is 40% of the subsidiaries’ net assets based on the latest audited or reviewed financial statements.

Note 5: Limit on loans for financing granted by and to subsidiaries of which the ultimate parent directly or indirectly holds 100% of its voting shares is the lender’s net assets based on the latest audited or reviewed financial statements, and limit on total loans is the lender’s net assets based on the latest audited or reviewed financial statements.

Note 6: Nature of loans:

(1) Business transaction: 1.
(2) Short-term financing: 2.

Table 1-3

Delta Electronics, Inc. and Subsidiaries

Provision of endorsements and guarantees to others

Year ended December 31, 2023

Table 2

Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Number (Note 1)	Endorser /guarantor	Partybeingendorsed/guaranteed	Partybeingendorsed/guaranteed	Limit on endorsements / guarantees provided for a singleparty	Maximum outstanding endorsement / guarantee amount as at December 31,2023	Outstanding endorsement / guarantee amount at December 31, 2023	Actual amount drawn down	Amount of endorsements / guarantees secured with collateral	Ratio of accumulated endorsement / guarantee amount to net asset value of the endorser / guarantor company	Ceiling on total amount of endorsements / guarantees provided	Provision of endorsements / guarantees by parent company to subsidiary	Provision of endorsements / guarantees by subsidiary to parent company	Provision of endorsements / guarantees to the party in Mainland China	Footnote
		Companyname	Relationship with the endorser / guarantor (Note6)
1	DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Australia) Pty Ltd	4	1,104,471 $	138,173 $	138,173 $	138,173 $	- $	0.07%	1,104,471 $	N	N	N	Note 2
2	March Networks Holdings Ltd.	March Networks, Inc.	2	131,545	14,738	14,738	14,738	-	0.01%	263,090	N	N	N	Note 3
3	TB&C Holding GmbH	TB&C Outsert Romania SRL	2	48,276	22,214	22,214	22,214	-	0.01%	48,276	N	N	N	Note 4
4	TB&C Outsert International B.V.	TB&C Outsert Mexico, S. De R.L. DE C.V.	2	262,780	233,849	233,849	233,849	-	0.12%	262,780	N	N	N	Note 5

Note 1: The numbers filled in for the endorsements/guarantees provided by the Company or subsidiaries are as follows:

(1) The Company is ‘0’.
(2) The subsidiaries are numbered in order starting from ‘1’.
Note 2: In accordance with DELTA ELECTRONICS (NORWAY) AS’s “Procedures for Provision of Endorsements and Guarantees,” limit on total endorsements is 30% of DELTA ELECTRONICS (NORWAY) AS’s net assets based on the latest audited or reviewed financial statements, and limit on endorsements to a single party is 30% of DELTA ELECTRONICS (NORWAY) AS’s net assets based on the latest audited or reviewed financial statements.
Note 3: In accordance with March Networks Holdings Ltd.’s “Procedures for Provision of Endorsements and Guarantees,” limit on total endorsements is 10% of March Networks Holdings Ltd.’s net assets based on the latest audited or reviewed financial statements, and limit on endorsements to a single party is 5% of March Networks Holdings Ltd.’s net assets based on the latest audited or reviewed financial statements.
Note 4: In accordance with TB&C Holding GmbH’s “Procedures for Provision of Endorsements and Guarantees,” limit on total endorsements is 5% of TB&C Holding GmbH’s net assets based on the latest audited or reviewed financial statements, and limit on endorsements to a single party is 5% of TB&C Holding GmbH’s net assets based on the latest audited or reviewed financial statements.
Note 5: In accordance with TB&C Outsert International B.V.’s “Procedures for Provision of Endorsements and Guarantees,” limit on total endorsements is 35% of TB&C Outsert International B.V.’s net assets based on the latest audited or reviewed financial statements, and limit on endorsements to a single party is 35% of TB&C Outsert International B.V.’s net assets based on the latest audited or reviewed financial statements.
Note 6: Relationship between the endorser/guarantor and the party being endorsed/guaranteed is classified into the following seven categories:
(1) Having business relationship.
(2) The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed/guaranteed subsidiary.
(3) The endorsed/guaranteed company owns directly and indirectly more than 50% voting shares of the endorser/guarantor parent company.
(4) The endorser/guarantor parent company owns directly and indirectly more than 90% voting shares of the endorsed/guaranteed company.
(5) Mutual guarantee of the trade made by the endorsed/guaranteed company or joint contractor as required under the construction contract.
(6) Due to joint venture, all shareholders provide endorsements/guarantees to the endorsed/guaranteed company in proportion to its ownership.
(7) Joint guarantee of the performance guarantee for pre-sold home sales contract as required under the Consumer Protection Act.

Table 2-1

Delta Electronics, Inc. and Subsidiaries

Holding of marketable securities at the end of the period (not including subsidiaries, associates and joint ventures) December 31, 2023

Table 3 Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Securities held by	Marketable securities	Relationship with the securities issuer	General ledger account		As at December 31,2023	As at December 31,2023	As at December 31,2023
				Number of shares	Book value	Ownership (%)	Fair value
Delta Electronics, Inc.	United Renewable Energy Co., Ltd. common stock	None	Financial assets at fair value through other comprehensive income - non-current	31,294,379	460,027 $	1.92%	460,027 $
Delta Electronics, Inc.	Lanner Electronics Inc. common stock	None	Financial assets at fair value through other comprehensive income and Financial assets at fair value through profit or loss	26,893,540	3,025,523	18.50%	3,025,523
Delta Electronics, Inc.	Betacera Inc. common stock, etc.	None	Financial assets at fair value through other comprehensive income and Financial assets at fair value through profit or loss	-	125,527	-	125,527
Delta Electronics Capital Company	Evergreen Aviation Technologies Corporation common stock	None	Financial assets at fair value through profit or loss - current	2,501,000	271,359	0.67%	271,359
Delta Electronics Capital Company	Allied Supreme Corp. common stock	None	Financial assets at fair value through profit or loss - current	421,000	137,036	0.53%	137,036
Delta Electronics Capital Company	Tong Hsing Electronic Industries, Ltd. common stock	None	Financial assets at fair value through profit or loss - current	1,240,557	195,388	0.59%	195,388
Delta Electronics Capital Company	AMPAK Technology, Inc. common stock	None	Financial assets at fair value through profit or loss - current	900,000	108,000	1.36%	108,000
Delta Electronics Capital Company	Fusheng Precision Co., Ltd. common stock	None	Financial assets at fair value through profit or loss - current	844,000	174,286	0.64%	174,286
Delta Electronics Capital Company	Acer E-Enabling Service Business Inc. common stock	None	Financial assets at fair value through profit or loss - current	547,000	161,365	1.32%	161,365
Delta Electronics Capital Company	Nien Made Enterprise Co., Ltd. common stock	None	Financial assets at fair value through profit or loss - current	423,043	149,334	0.14%	149,334
Delta Electronics Capital Company	UBIQCONN TECHNOLOGY, INC. common stock	None	Financial assets at fair value through profit or loss - current	4,969,311	393,669	6.63%	393,669

Table 3-1

Securities held by	Marketable securities	Relationship with the securities issuer	General ledger account	As at December 31,2023	As at December 31,2023	As at December 31,2023
				Number of shares	Book value	Ownership (%)	Fair value
Delta Electronics Capital Company	WorkWave HoldCo, Inc. common stock	None	Financial assets at fair value through profit or loss - non-current	139	129,400 $	0.20%	129,400 $
Delta Electronics Capital Company	REALLUSION INC. common stock, etc.	None	Financial assets at fair value through profit or loss	-	1,486,325	-	1,486,325
Delta Electronics (Netherlands) B.V.	Noda RF Technologies Co., Ltd. common sotck, etc.	None	Financial assets at fair value through other comprehensive income - non-current	-	59,320	-	59,320
Cyntec Co., Ltd.	Susumu Holdings Co., Ltd. common stock	None	Financial assets at fair value through other comprehensive income - non-current	200,000	104,081	15.35%	104,081
Delta Electronics (Japan), Inc.	Macy Inc. common stock	None	Financial assets at fair value through other comprehensive income - non-current	74,000,000	26,972	19.79%	26,972
Delta America, Ltd.	VPT Inc. common stock	None	Financial assets at fair value through other comprehensive income - non-current	860,000	5,373	17.52%	5,373
Delta Electronics (H.K.) Ltd.	Zhejiang Keente Motor Technology Co., Ltd.	None	Financial assets at fair value through other comprehensive income - non-current	-	349,401	19.00%	349,401
Delta Electronics (Pingtan) Co., Ltd.	Pingtan Hi Tech Investment Development Shares Co., Ltd.	None	Financial assets at fair value through other comprehensive income - non-current	-	6,489	15.00%	6,489
Delta Electronics Int'l (Singapore) Pte. Ltd.	Zero-Error Systems Pte Ltd. preferred stock	None	Financial assets at fair value through other comprehensive income - non-current	1,761,804	92,115	12.11%	92,115
Vivotek Inc.	Kneron Holding Corporation preferred stock	None	Financial assets at fair value through profit or loss - non-current	1,310,003	229,870	1.91%	229,870
Atrust Computer Corporation	ACRORED TECHNOLOGIES, INC. common stock	None	Financial assets at fair value through other comprehensive income - non-current	500,000	3,780	2.38%	3,780

Table 3-2

Delta Electronics, Inc. and Subsidiaries

Acquisition or sale of the same security with the accumulated cost exceeding $300 million or 20% of the Company’s paid-in capital Year ended December 31, 2023

Table 4

Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Investor	Marketable securities	General ledger account	Counterparty	Relationship with the investee	Balance as at January1,2023	Balance as at January1,2023	Addition	Addition	Disposal	Disposal	Disposal	Disposal	Balance as at December 31,2023	Balance as at December 31,2023
					Number of shares	Amount	Number of shares	Amount	Number of shares	Selling price	Book value	Gain (loss) on disposal	Number of shares	Amount
Delta Electronics, Inc.	Atrust Computer Corporation	Investments accounted for under equity method	CW & ET Link Inc and individuals	None	-	- $	28,825,000	$ 949,711 (Note 1)	-	- $	- $	- $	28,825,000	949,711 $
Delta Electronics (Netherlands) B.V.	Delta America Ltd.	"	Delta International Holding Limited B.V.	Affiliated enterprise	18,374,182	3,398,629	-	-	18,374,182	6,140,550	3,398,629 (Note 4)	(Note 2)	-	-
Delta Electronics (Netherlands) B.V.	Trihedral Engineering Limited	"	Delta International Holding Limited B.V.	"	51,495	1,219,426	-	-	51,495	1,959,680	1,219,426 (Note 4)	(Note 3)	-	-
Delta Electronics (Thailand) Public Company Limited	Delta Energy Systems (Singapore) PTE. LTD.	"	Delta Energy Systems (Singapore) PTE. LTD.	"	173,263,590	8,525,632	105,635,630	2,010,331 (Note 5)	-	-	-	-	278,899,220	10,535,963
Delta Energy Systems (Singapore) PTE. LTD.	Delta Electronics India Pvt. Ltd.	"	Delta Electronics India Pvt. Ltd.	"	828,088,778	7,114,707	484,583,333	3,690,256 (Note 6)	-	-	-	-	1,312,672,111	10,804,963
Delta Electronics (Netherlands) B.V.	Amerlux, LLC	"	Delta International Holding Limited B.V.	"	-	3,057,203	-	-	-	3,015,950	3,057,203 (Note 4)	(Note 7)	-	-
Delta International Holding Limited B.V.	Digital Projection International Limited (DPIL)	"	Digital Projection International Limited (DPIL)	"	49,789,874	162,729	12,000,000	88,644 (Note 8)	-	-	-	-	61,789,874	251,373
Digital Projection International Limited (DPIL)	Digital Projection Holdings Limited (DPHL)	"	Digital Projection Holdings Limited (DPHL)	"	40,526,221	295,452) (	9,592,326	336,592 (Note 8)	-	-	-	-	50,118,547	41,140
Digital Projection Holdings Limited (DPHL)	Digital Projection Limited (DPL)	"	Digital Projection Limited (DPL)	"	43,118	159,558	95,923	384,401 (Note 8)	-	-	-	-	139,041	543,959
Delta Electronics (Netherlands) B.V.	Boom Treasure Limited	"	Boom Treasure Limited/ Drake Investment (HK) Limited	"	1	1,923,916	183,064,000	717,662 (Note 9)	183,064,001	3,084,417	2,641,578 (Note 4)	(Notes 9 and 10)	-	-
Delta Electronics (Netherlands) B.V.	Delta Greentech SGP Pte. Ltd.	"	Boom Treasure Limited	"	12,175,470	641,153	-	-	12,175,470	717,662	641,153 (Note 4)	(Note 9)	-	-
Delta Electronics (Netherlands) B.V.	Drake Investment (HK) Limited	"	Drake Investment (HK) Limited	"	304,504,306	5,365,615	776,552,000	2,511,710 (Note 10)	-	-	-	-	1,081,056,306	7,877,325

Table 4-1

Investor	Marketable securities	General ledger account	Counterparty	Relationship with the investee	Balance as at January1,2023	Balance as at January1,2023	Addition	Addition	Disposal	Disposal	Disposal	Disposal	Balance as at December 31,2023	Balance as at December 31,2023
					Number of shares	Amount	Number of shares	Amount	Number of shares	Selling price	Book value	Gain (loss) on disposal	Number of shares	Amount
Delta Electronics (Thailand) Public Company Limited	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Investments accounted for under equity method	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Affiliated enterprise	38,110,999	153,255 $	214,500,000	$ 740,793 (Note 11)	-	- $	- $	- $	252,610,999	894,048 $
Delta International Holding Limited B.V.	Delta Electronics (Thailand) Public Company Limited	"	The stock exchange of Thailand	None	191,984,450	14,290,766	1,727,860,050 (Note 12)	-	89,232,800	7,380,571	1,101,362 (Note 4)	(Note 13)	1,830,611,700	15,392,128
Delta Electronics (H.K.) Ltd.	Zhejiang Keente Motor Technology Co., Ltd.	Financial assets at fair value through other comprehensive income - non-current	Future Horizon Holding Limited	"	-	-	-	349,401	-	-	-	-	-	349,401
Cyntec Co., Ltd.	GaN Systems Inc. preferred stock	"	Infineon Technologies Canada Acquisition Inc.	"	1,454,193	89,874	-	-	1,454,193	554,179	89,874	399,303 (Note 18)	-	-
Delta International Holding Limited B.V.	HY&T Investments Holding B.V. (NLI)	Investments accounted for under equity method	E BOKKEL BEHEER B.V. and COOPERATIEF H2 EQUITY PARTNERS FUND IV HOLDING W.A.	"	-	-	750,232,500	5,054,938 (Note 14)	-	-	-	-	750,232,500	5,054,938
HY&T Investments Holding B.V. (NLI)	TB&C Investments B.V. (NLV)	"	TB&C Investments B.V. (NLV)	Affiliated enterprise	232,500	898,230	750,000,000	146,043 (Note 15)	-	-	-	-	750,232,500	1,044,273
TB&C Investments B.V. (NLV)	TB&C Holding GmbH (DEH)	"	TB&C Holding GmbH (DEH)	"	21	638,427	-	327,088 (Note 16)	-	-	-	-	21	965,515
DET International Holding B.V.	Eltek s.r.o.	"	Eltek s.r.o.	"	-	-	-	781,011 (Note 17)	-	-	-	-	-	781,011

Note 1: Delta Electronics, Inc. increased its investment in Atrust Computer Corporation in the amount of $950,259 in February 2023, which included investment income or loss recognised during the period and adjustments in changes of net value. Note 2: Delta International Holding Limited B.V. (DIH) acquired a 89.74% equity interest in Delta America Ltd. from Delta Electronics (Netherlands) B.V. (DEN). The transaction resulted from the Group’s adjustment in investment structure. There was no gain or loss on disposal pursuant to related ordinances. Note 3: Delta International Holding Limited B.V. (DIH) acquired a 100% equity interest in Trihedral Engineering Limited, from Delta Electronics (Netherlands) B.V. (DEN). The transaction resulted from the Group’s adjustment in investment structure. There was no gain or loss on disposal pursuant to related ordinances.

Note 4: Including the adjustments in investment income or loss recognised during the period and adjustments in changes of net value.

Note 5: Delta Electronics (Thailand) Public Company Limited increased its investment in Delta Energy Systems (Singapore) PTE. LTD. in the amount of $3,293,128 in 2023, which included investment income or loss recognised during the period and adjustments in changes of net value. Note 6: Delta Energy Systems (Singapore) PTE. LTD. increased its investment in Delta Electronics India Pvt. Ltd. in the amount of $3,293,128 in 2023, which included investment income or loss recognised during the period and adjustments in changes of net value. Note 7: Delta International Holding Limited B.V. (DIH) acquired a 100% equity interest in Amerlux, LLC from Delta Electronics (Netherlands) B.V. (DEN) in May 2023. The transaction resulted from the Group’s adjustment in investment structure. There was no gain or loss on disposal pursuant to related ordinances.

Note 8: Delta International Holding Limited B.V. (DIH) increased its investment in Digital Projection International Limited (DPIL) in the amount of $369,540 in May 2023, DPIL then increased its investment in its wholly-owned subsidiary, DPHL, and DPHL then increased its investment in its wholly-owned subsidiary, DPL, which included investment income or loss recognised during the period and adjustments in changes of net value.

Note 9: In June 2023, Boom Treasure Limited issued new shares amounting to $717,662 for acquiring a 100% equity interest in Delta Greentech SGP Pte. Ltd. which was held by Delta Electronics (Netherlands) B.V. (DEN). The transaction resulted from the Group’s adjustment in investment structure. There were no gain or loss on disposal pursuant to related ordinances.

Note 10: In July 2023, Drake Investment (HK) Limited issued new shares amounting to $3,084,417 for acquiring a 100% equity interest in Boom Treasure Limited which was held by Delta Electronics (Netherlands) B.V. (DEN). The transaction resulted from the Group’s adjustment in investment structure. There were no gain or loss on disposal pursuant to related ordinances.

Table 4-2

Note 11: In September 2023, Delta Electronics (Thailand) Public Company Limited increased its investment in DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED in the amount of $828,850, which included investment income or loss recognised during the period and adjustments in changes of net value.
Note 12: Delta Electronics (Thailand) Public Company Limited split stocks in April 2023. The par value of each share was THB 1 before the stock split and is THB 0.1 after the stock split, and thus the number of shares increased tenfold. Note 13: It was an equity transaction, thus there was no gain or loss on disposal.

Note 14: In 2023, Delta International Holding Limited B.V. (DIH) increased its investment in HY&T Investment Holding B.V. (NLI) in the amount of $5,453,852, which included investment income or loss recognised during the period and adjustments in changes of net value. Note 15: In October 2023, HY&T Investments Holding B.V. (NLI) increased its investment in TB&C Investments B.V. (NLV) in the amount of $1,727,441, which included investment income or loss recognised during the period and adjustments in changes of net value. Note 16: In October 2023, TB&C Investments B.V. (NLV) increased its investment in TB&C Holding GmbH (DEH) in the amount of $701,757, which included investment income or loss recognised during the period and adjustments in changes of net value. Note 17: In October 2023, DET International Holding B.V. increased its investment in Eltek s.r.o. in the amount of $757,564, which included investment income or loss recognised during the period and adjustments in changes of net value. Note 18: It pertains to the disposal of financial assets at fair value through other comprehensive income, and the disposal gain or loss net of the tax effect was recognised in other comprehensive income.

Table 4-3

Delta Electronics, Inc. and Subsidiaries

Acquisition of real estate reaching NT$300 million or 20% of paid-in capital or more Year ended December 31, 2023

Table 5

Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Real estate acquired by	Real estate acquired	Date of the event	Transaction amount	Status ofpayment	Counterparty	Relationship with the counterparty	If the counterparty is a related party, information as to the last transaction of the real estate is disclosed below:	If the counterparty is a related party, information as to the last transaction of the real estate is disclosed below:	If the counterparty is a related party, information as to the last transaction of the real estate is disclosed below:	If the counterparty is a related party, information as to the last transaction of the real estate is disclosed below:	Basis or reference used in setting theprice	Reason for acquisition of real estate and status of the real estate	Other commitments
							Original owner who sold the real estate to the counterparty	Relationship between the original owner and the acquirer	Date of the original transaction	Amount
Delta Electronics India Pvt. Ltd.	India KG SEZ F6 Factory Building	March 25, 2023	645,670 $	In accordance with the contract terms	Furein Construction Engineering Pvt etc	None	-	-	-	- $	Price comparison and negotiation	For future business development	None
Delta Electronics India Pvt. Ltd.	India KG DTA F2 Factory Building	March 25, 2023	659,743	"	"	"	-	-	-	-	"	"	"
DELTA ELECTRONICS (USA) INC.	Land and buildings in Texas, U.S.A	July 6, 2023	319,400	"	GBP LOTUS PLANO, LLC	"	-	-	-	-	By reference to the price quoted by the professional appraisal agency and market value	"	"
Delta Electronics (Chongqing) Ltd.	The civil work for Plant 1	October 24, 2023	1,632,309	"	Suzhou Tongli Architecture Co., Ltd.	"	-	-	-	-	Price comparison and negotiation	"	"
Delta Electronics (Thailand) Public Company Limited	The civil work for Plant WG4	December 5, 2023	991,870	"	New Nanyang Construction Co., Ltd.	"	-	-	-	-	"	"	"

Table 5-1

Delta Electronics, Inc. and Subsidiaries

Purchases or sales of goods from or to related parties reaching $100 million or 20% of the Company's paid-in capital or more Year ended December 31, 2023

Table 6

Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third partytransactions	Differences in transaction terms compared to third partytransactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics, Inc.	Delta Electronics (Australia) Pty Ltd	Subsidiary	Operating revenue	166,859 $	0.19	70 days			44,335 $	0.29
Delta Electronics, Inc.	Delta Electronics (Jiangsu) Ltd.	Subsidiary	Operating revenue	620,340	0.71	70 days after issuing invoice			609,966	3.99
Delta Electronics, Inc.	Delta Electronics (Shanghai) Co., Ltd.	Subsidiary	Operating revenue	182,890	0.21	70 days after issuing invoice			180,344	1.18
Delta Electronics, Inc.	Delta Greentech (China) Co., Ltd.	Subsidiary	Operating revenue	130,767	0.15	70 days			52,652	0.34
Delta Electronics, Inc.	Cyntec Electronics (Suzhou) Co., Ltd.	Subsidiary	Operating revenue	232,318	0.27	70 days			2,200	0.01
Delta Electronics, Inc.	Delta Electronics India Pvt. Ltd.	Subsidiary	Operating revenue	280,318	0.32	90 days after delivery			57,561	0.38
Delta Electronics, Inc.	Delta Electronics (Japan), Inc.	Subsidiary	Operating revenue	221,049	0.25	70 days			81,428	0.53
Delta Electronics, Inc.	Addtron Technology (Japan), Inc.	Subsidiary	Operating revenue	452,338	0.52	70 days			109,315	0.71
Delta Electronics, Inc.	Delta Electronics (Korea), Inc.	Subsidiary	Operating revenue	165,221	0.19	70 days			120,834	0.79
Delta Electronics, Inc.	Delta Electronics (Netherlands) B.V.	Subsidiary	Operating revenue	975,019	1.12	70 days			126,501	0.83
Delta Electronics, Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Subsidiary	Operating revenue	20,775,297	23.80	70 days			2,024,475	11.93
Delta Electronics, Inc.	Delta Electronics (Thailand) Public Company Limited	Subsidiary	Operating revenue	6,014,760	6.89	70 days			2,008,219	13.13
Delta Electronics, Inc.	DEI Logistics (USA) Corp.	Subsidiary	Operating revenue	7,695,077	8.82	90 days after delivery			1,860,255	12.16

Table 6-1

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third partytransactions	Differences in transaction terms compared to third partytransactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics, Inc.	Delta Electronics (Americas) Ltd.	Subsidiary	Operating revenue	4,278,039 $	4.90	70 days			1,356,148 $	8.87
Delta Electronics, Inc.	Delta Electronics (USA) Inc.	Subsidiary	Operating revenue	212,771	0.24	70 days			42,032	0.27
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	Operating revenue	196,988	0.48	70 days			135,022	2.47
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	5,556,153	13.50	70 days			1,410,619	25.79
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	35,329,642	85.92	70 days			3,922,497	71.72
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	18,493,532	24.34	70 days			4,739,083	51.05
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Affiliated enterprise	Operating revenue	496,998	0.65	70 days			111,391	1.20
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Chongqing) Ltd.	Affiliated enterprise	Operating revenue	123,708	0.16	70 days			44,576	0.48
Delta Electronics (Jiangsu) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	56,671,678	74.59	70 days			4,302,019	46.34
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Operating revenue	116,634	0.37	70 days			16,284	0.20
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	Operating revenue	301,367	0.96	70 days			51,218	0.64
Delta Electronics (Shanghai) Co., Ltd.	Delta Greentech (China) Co., Ltd.	Affiliated enterprise	Operating revenue	13,953,780	44.59	70 days			3,911,743	48.65
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Pingtan) Co., Ltd.	Affiliated enterprise	Operating revenue	2,631,490	8.41	70 days			715,590	8.90
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	1,385,272	4.43	70 days			124,729	1.55
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	552,174	1.77	70 days			155,169	1.93

Table 6-2

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third partytransactions	Differences in transaction terms compared to third partytransactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Greentech (China) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	Operating revenue	199,911 $	0.63	70 days			13,745 $	0.32
Delta Networks (Dongguan) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	5,704,885	98.49	70 days			585,107	97.68
Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	374,712	5.68	70 days			83,050	9.76
Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	6,214,952	94.32	70 days			760,134	89.35
Delta Electronics (Chenzhou) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	615,215	10.94	70 days			166,662	15.62
Delta Electronics (Chenzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	5,007,614	89.06	70 days			900,062	84.37
Chenzhou Delta Technology Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Operating revenue	1,944,324	55.31	70 days			424,496	62.46
Chenzhou Delta Technology Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Affiliated enterprise	Operating revenue	652,510	18.57	70 days			155,462	22.87
Chenzhou Delta Technology Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	897,280	25.50	70 days			94,103	13.85
Delta Electronics (Chongqing) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	903,021	99.98	70 days			129,762	99.83
Cyntec Co., Ltd.	Delta Electronics, Inc.	Ultimate parent company	Operating revenue	2,188,359	25.87	70 days			644,355	34.85
Cyntec Co., Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	Operating revenue	204,777	2.42	90 days after delivery			69,424	3.75
Cyntec Electronics (Suzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	12,430,157	100.00	70 days			1,081,934	99.99
Cyntec Electronics (WuHu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	3,877,114	100.00	70 days			312,328	100.00
Delta Energy Systems (Germany) GmbH	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	1,937,896	76.01	70 days			-	-

Table 6-3

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third partytransactions	Differences in transaction terms compared to third partytransactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
DELTA ELECTRONICS (France) SAS	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	Operating revenue	105,694 $	7.20	70 days			34,728 $	14.04
Delta Energy Systems (UK) Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	104,648	100.00	70 days			9,105	100.00
Delta Electronics India Pvt. Ltd.	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Affiliated enterprise	Operating revenue	252,751	2.27	70 days			213,516	8.40
Delta Electronics India Pvt. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	2,386,791	21.33	70 days			806,157	31.71
Delta Electronics India Pvt. Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	240,112	2.16	70 days			15,744	0.62
Delta Electronics (Japan), Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	1,039,537	20.53	70 days			135,285	13.98
Delta Electronics (Japan), Inc.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	129,083	2.55	70 days			25,489	2.63
Delta Electronics (Netherlands) B.V.	Delta Electronics (Italy) S.r.l.	Affiliated enterprise	Operating revenue	445,195	5.12	70 days			29,404	1.85
Delta Electronics (Netherlands) B.V.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	813,227	9.30	70 days			115,122	7.24
Delta Electronics (Netherlands) B.V.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	137,819	1.58	70 days			18,329	1.15
Delta Electronics (Netherlands) B.V.	Delta Greentech Electronics Industry LLC	Affiliated enterprise	Operating revenue	739,449	8.47	180 days			393,845	24.77
DELTA ELECTRONICS (NORWAY) AS	ELTEK MEA DMCC	Affiliated enterprise	Operating revenue	219,144	5.24	70 days			70,312	9.88
DELTA ELECTRONICS (NORWAY) AS	DELTA Electronics (Germany) GmbH	Affiliated enterprise	Operating revenue	750,014	17.90	70 days			77,523	10.90
DELTA ELECTRONICS (NORWAY) AS	DELTA ELECTRONICS (France) SAS	Affiliated enterprise	Operating revenue	544,570	12.98	70 days			111,212	15.63
DELTA ELECTRONICS (NORWAY) AS	DELTA ELECTRONICS (UK) LTD	Affiliated enterprise	Operating revenue	430,808	10.30	70 days			52,273	7.35

Table 6-4

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third partytransactions	Differences in transaction terms compared to third partytransactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Poland) Sp. z o.o.	Affiliated enterprise	Operating revenue	155,149 $	3.70	70 days			69,167 $	9.72
DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Sweden) AB	Affiliated enterprise	Operating revenue	244,518	5.85	70 days			17,207	2.42
DELTA ELECTRONICS (NORWAY) AS	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	225,627	5.36	70 days			935	0.13
DELTA ELECTRONICS (NORWAY) AS	Eltek s.r.o.	Affiliated enterprise	Operating revenue	245,664	5.87	70 days			28,742	4.04
Delta Electronics (Poland) Sp. z o.o.	DELTA ELECTRONICS (NORWAY) AS	Affiliated enterprise	Operating revenue	153,286	22.06	70 days			13,224	10.84
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Australia) Pty Ltd	Affiliated enterprise	Operating revenue	945,181	0.40	70 days			187,227	0.35
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS BRASIL LTDA.	Affiliated enterprise	Operating revenue	251,216	0.11	90 days after delivery			81,750	0.15
Delta Electronics Int'l (Singapore) Pte. Ltd.	ELTEK SISTEMAS DE ENERGIA INDUSTRIA E COMERCIO LTDA.	Affiliated enterprise	Operating revenue	179,832	0.08	90 days after delivery			81,532	0.15
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Switzerland) AG	Affiliated enterprise	Operating revenue	2,293,525	0.98	70 days			724,334	1.37
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Operating revenue	21,304,360	9.11	70 days			6,208,857	11.75
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	Operating revenue	25,217,049	10.77	70 days			1,470,001	2.78
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Networks (Dongguan) Ltd.	Affiliated enterprise	Operating revenue	4,443,883	1.91	70 days			-	-
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Affiliated enterprise	Operating revenue	4,775,056	2.04	70 days			509,709	0.96
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Affiliated enterprise	Operating revenue	3,091,662	1.32	70 days			920,038	1.74
Delta Electronics Int'l (Singapore) Pte. Ltd.	Chenzhou Delta Technology Co., Ltd.	Affiliated enterprise	Operating revenue	296,183	0.13	70 days			41,504	0.08

Table 6-5

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third partytransactions	Differences in transaction terms compared to third partytransactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Chongqing) Ltd.	Affiliated enterprise	Operating revenue	339,612 $	0.14	70 days			74,751 $	0.14
Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec Co., Ltd.	Affiliated enterprise	Operating revenue	2,146,253	0.91	70 days			1,159,709	2.19
Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec Electronics (Suzhou) Co., Ltd.	Affiliated enterprise	Operating revenue	488,101	0.21	70 days			94,808	0.18
Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec Electronics (WuHu) Co., Ltd.	Affiliated enterprise	Operating revenue	146,918	0.06	70 days			33,927	0.06
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Solutions (Spain) SL	Affiliated enterprise	Operating revenue	242,985	0.10	150 days			132,865	0.25
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Solutions (Finland) Oy	Affiliated enterprise	Operating revenue	117,079	0.05	70 days			15,115	0.03
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (France) SAS	Affiliated enterprise	Operating revenue	174,235	0.07	70 days			32,829	0.06
Delta Electronics Int'l (Singapore) Pte. Ltd.	Digital Projection Limited	Affiliated enterprise	Operating revenue	225,186	0.10	75 days after delivery			105,332	0.20
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	Operating revenue	1,681,272	0.72	90 days after delivery			456,493	0.86
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Italy) S.r.l.	Affiliated enterprise	Operating revenue	201,866	0.09	70 days			41,551	0.08
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Japan), Inc.	Affiliated enterprise	Operating revenue	2,679,397	1.14	70 days			552,407	1.05
Delta Electronics Int'l (Singapore) Pte. Ltd.	Addtron Technology (Japan), Inc.	Affiliated enterprise	Operating revenue	232,954	0.10	70 days			138,429	0.26
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Korea), Inc.	Affiliated enterprise	Operating revenue	254,267	0.11	70 days			70,502	0.13
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Mexico, S.A. de C.V.	Affiliated enterprise	Operating revenue	256,022	0.11	70 days			135,749	0.26
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	Operating revenue	3,257,558	1.40	70 days			533,857	1.01

Table 6-6

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third partytransactions	Differences in transaction terms compared to third partytransactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (NORWAY) AS	Affiliated enterprise	Operating revenue	1,057,142 $	0.46	70 days			119,708 $	0.23
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Slovakia) s.r.o.	Affiliated enterprise	Operating revenue	1,478,091	0.63	70 days			301,664	0.57
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	4,060,815	1.73	70 days			897,652	1.70
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics, Inc.	Ultimate parent company	Operating revenue	23,360,828	9.99	70 days			7,207,937	13.64
Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	Operating revenue	14,938,260	6.38	90 days after delivery			5,478,193	10.37
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Americas) Ltd.	Affiliated enterprise	Operating revenue	3,131,072	1.33	70 days			1,052,003	1.99
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (USA) Inc.	Affiliated enterprise	Operating revenue	3,102,873	1.32	70 days			895,659	1.69
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Vietnam) Company Limited	Affiliated enterprise	Operating revenue	114,396	0.05	70 days			82,451	0.16
Delta Electronics (Slovakia) s.r.o.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	Operating revenue	1,415,364	24.58	70 days			335,879	17.29
Delta Electronics (Slovakia) s.r.o.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	2,634,274	44.97	70 days			1,082,408	55.71
Delta Electronics (Slovakia) s.r.o.	Eltek s.r.o.	Affiliated enterprise	Operating revenue	513,956	8.87	70 days			206,514	10.63
Delta Electronics (Slovakia) s.r.o.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	1,207,382	20.80	70 days			308,310	15.87
Eltek s.r.o.	DELTA ELECTRONICS (NORWAY) AS	Affiliated enterprise	Operating revenue	1,550,444	48.29	70 days			48,342	8.07
Eltek s.r.o.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	1,644,417	51.20	70 days			534,207	89.17
Delta Electronics (Thailand) Public Company Limited	Delta Energy Systems (Germany) GmbH	Affiliated enterprise	Operating revenue	509,342	0.47	70 days			19,339	0.06

Table 6-7

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third partytransactions	Differences in transaction terms compared to third partytransactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics (Thailand) Public Company Limited	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	Operating revenue	542,385 $	0.50	90 days after delivery			323,155 $	1.06
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Japan), Inc.	Affiliated enterprise	Operating revenue	266,421	0.24	70 days			51,541	0.17
Delta Electronics (Thailand) Public Company Limited	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	1,486,115	1.36	70 days			457,391	1.50
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Slovakia) s.r.o.	Affiliated enterprise	Operating revenue	436,237	0.40	70 days			45,823	0.15
Delta Electronics (Thailand) Public Company Limited	Delta Electronics, Inc.	Ultimate parent company	Operating revenue	184,945	0.17	70 days			77,121	0.25
Delta Electronics (Thailand) Public Company Limited	DET Logistics (USA) Corporation	Affiliated enterprise	Operating revenue	34,111,273	31.17	90 days after delivery			13,334,830	43.77
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Americas) Ltd.	Affiliated enterprise	Operating revenue	1,079,522	0.99	70 days			177,450	0.58
Delta Green Industrial (Thailand) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	131,660	32.25	70 days			-	-
DEI Logistics (USA) Corp.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	133,499	0.56	70 days			2,032	0.05
Delta Electronics (Americas) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	499,998	3.41	70 days			8,950	0.37
Delta Electronics (Americas) Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	810,408	5.50	70 days			89,499	3.73
Digital Projection Inc.	Delta Electronics (Americas) Ltd.	Affiliated enterprise	Operating revenue	263,991	43.38	70 days			-	-
Delta Electronics (Automotive) Americas Inc.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	257,013	100.00	70 days			-	-
Delta Electronics (USA) Inc.	Delta Electronics (Americas) Ltd.	Affiliated enterprise	Operating revenue	319,896	3.34	70 days			220,943	12.67

Table 6-8

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction	Transaction	Transaction	Transaction	Differences in transaction terms compared to third partytransactions	Differences in transaction terms compared to third partytransactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
March Networks Corporation	March Networks, Inc.	Affiliated enterprise	Operating revenue	1,374,584 $	75.04	30 days	Note 1	Note 1	271,567 $	55.69
March Networks Corporation	March Networks S.r.l.	Affiliated enterprise	Operating revenue	144,519	7.89	30 days	Note 2	Note 2	11,677	2.39
Vivotek Inc.	Vivotek USA, INC.	Affiliated enterprise	Operating revenue	452,140	5.00	75 days	Note 3	Note 3	100,717	9.00

Note 1: March Networks Corporation determined the prices and terms of goods sold to March Networks, Inc. based on the economic conditions and market competitiveness of the sales area, and there is no comparable prices and terms available for the goods sold to third parties.

Note 2: March Networks Corporation determined the prices and terms of goods sold to March Networks S.r.l. based on the economic conditions and market competitiveness of the sales area, and there is no comparable prices and terms available for the goods sold to third parties.

Note 3: Vivotek Inc. determined the prices and terms of goods sold to Vivotek USA, Inc. based on the economic conditions and market competitiveness of the sales area, and there is no comparable prices and terms available for the goods sold to third parties.

Table 6-9

Delta Electronics, Inc. and Subsidiaries

Receivables from related parties reaching $100 million or 20% of the Company's paid-in capital or more

December 31, 2023

Table 7

Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2023 (Note 1)	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
Delta Electronics, Inc.	Delta Electronics (Jiangsu) Ltd.	Subsidiary	609,966 $	1.01	- $		67 $
Delta Electronics, Inc.	Delta Electronics (Shanghai) Co., Ltd.	Subsidiary	180,344	0.61	-		-
Delta Electronics, Inc.	Addtron Technology (Japan), Inc.	Subsidiary	109,315	8.28	-		109,315
Delta Electronics, Inc.	Delta Electronics (Korea), Inc.	Subsidiary	120,834	2.66	-		120,834
Delta Electronics, Inc.	Delta Electronics (Netherlands) B.V.	Subsidiary	126,501	9.29	-		104,214
Delta Electronics, Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Subsidiary	2,305,179	0.72	-		2,305,179
Delta Electronics, Inc.	Delta Electronics (Thailand) Public Company Limited	Subsidiary	2,008,219	4.63	158,861		1,727,922
Delta Electronics, Inc.	DEI Logistics (USA) Corp.	Subsidiary	1,860,255	2.85	-		635,080
Delta Electronics, Inc.	Delta Electronics (Americas) Ltd.	Subsidiary	1,356,148	3.38	3,615		1,356,148
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	135,022	1.82	151		66,992
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	1,410,619	4.00	-		507,092
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	3,922,497	9.96	-		3,922,497
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	4,739,083	3.93	-		1,387,455
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Affiliated enterprise	111,391	3.68	-		37,488
Delta Electronics (Jiangsu) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	4,302,019	11.47	-		2,005,477
Delta Electronics (Shanghai) Co., Ltd.	Delta Greentech (China) Co., Ltd.	Affiliated enterprise	3,911,743	5.17	-		1,126,234
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Pingtan) Co., Ltd.	Affiliated enterprise	715,590	3.37	-		248,523
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	124,729	7.96	-		124,729
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	155,169	3.97	-		48,027

Table 7-1

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2023 (Note 1)	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
Delta Networks (Dongguan) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	585,107 $	4.44	- $		252,137 $
Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	760,134	6.86	-		630,484
Delta Electronics (Chenzhou) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	166,662	3.40	-		81,927
Delta Electronics (Chenzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	900,062	5.16	-		669,865
Chenzhou Delta Technology Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	424,496	5.38	2		138,586
Chenzhou Delta Technology Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Affiliated enterprise	155,462	4.59	-		240
Delta Electronics (Chongqing) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	129,762	9.08	-		129,762
Cyntec Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	145,208	-	-		145,208
Cyntec Co., Ltd.	Delta Electronics, Inc.	Ultimate parent company	644,355	3.43	-		447,058
Cyntec Electronics (Suzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	1,081,934	11.22	-		1,080,696
Cyntec Electronics (Wuhu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	312,328	9.78	-		312,328
Delta Electronics India Pvt. Ltd.	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Affiliated enterprise	213,516	2.37	6,624		19,503
Delta Electronics India Pvt. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	806,157	4.99	145		302,976
Delta Electronics (Japan), Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	135,285	7.31	-		135,285
Delta Electronics (Myanmar) Co., Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	101,454	0.84	-		-
Delta Electronics (Netherlands) B.V.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	115,122	12.92	56,993		83,069
Delta Electronics (Netherlands) B.V.	Delta Greentech Electronics Industry LLC	Affiliated enterprise	393,845	1.59	74,638		95,447
DELTA ELECTRONICS (NORWAY) AS	DELTA ELECTRONICS (France) SAS	Affiliated enterprise	111,212	4.05	-		34,521
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Australia) Pty Ltd	Affiliated enterprise	187,227	6.51	10		158,349
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Switzerland) AG	Affiliated enterprise	724,334	3.35	-		412,925

Table 7-2

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2023 (Note 1)	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	6,208,857 $	3.80	1,340,922 $		2,802,301 $
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	1,580,870	10.01	-		1,580,870
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Affiliated enterprise	509,709	7.32	-		509,709
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Affiliated enterprise	920,038	3.09	208,894		309,494
Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec Co., Ltd.	Affiliated enterprise	1,159,709	2.79	2,311		146,922
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Solutions (Spain) SL	Affiliated enterprise	132,865	1.99	-		23,615
Delta Electronics Int'l (Singapore) Pte. Ltd.	Digital Projection Limited	Affiliated enterprise	105,332	1.98	-		64,489
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	456,493	2.40	1,291		146,689
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Japan), Inc.	Affiliated enterprise	552,407	4.33	808		300,264
Delta Electronics Int'l (Singapore) Pte. Ltd.	Addtron Technology (Japan), Inc.	Affiliated enterprise	138,429	3.36	-		54
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Mexico, S.A. de C.V.	Affiliated enterprise	135,749	2.30	-		47,616
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	533,857	5.82	-		380,439
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (NORWAY) AS	Affiliated enterprise	119,708	4.31	-		47,380
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Slovakia) s.r.o.	Affiliated enterprise	301,664	5.03	9,831		105,947
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	897,652	5.42	51,734		639,462
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics, Inc.	Ultimate parent company	7,207,937	2.67	286,288		2,486,849
Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	5,478,193	2.93	53,736		2,131,116
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Americas) Ltd.	Affiliated enterprise	1,052,003	2.61	-		1,052,003
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (USA) Inc.	Affiliated enterprise	895,659	1.73	-		530,456
Delta Electronics (Slovakia) s.r.o.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	335,879	3.21	-		219,458
Delta Electronics (Slovakia) s.r.o.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	1,082,408	3.53	802		879,251

Table 7-3

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2023 (Note 1)	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
Delta Electronics (Slovakia) s.r.o.	Eltek s.r.o.	Affiliated enterprise	206,514 $	2.54	- $		152,649 $
Delta Electronics (Slovakia) s.r.o.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	308,310	4.47	-		225,907
Eltek s.r.o.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	534,207	4.41	7,257		344,230
Delta Electronics (Thailand) Public Company Limited	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	323,155	2.47	66,245		62,955
Delta Electronics (Thailand) Public Company Limited	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	457,391	4.14	65,404		174,277
Delta Electronics (Thailand) Public Company Limited	DET Logistics (USA) Corporation	Affiliated enterprise	13,334,830	2.75	2,572,076		4,259,092
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Americas) Ltd.	Affiliated enterprise	177,450	3.31	205		145,664
Vivotek Inc.	Vivotek USA, Inc.	Affiliated enterprise	110,461	2.44	2,326		45,992
Delta Electronics (USA) Inc.	Delta Electronics (Americas) Ltd.	Affiliated enterprise	220,943	2.90	115		91,920
Delta International Holding Limited B.V.	Delta Controls Inc.	Affiliated enterprise	431,880	-	-		-
Delta International Holding Limited B.V.	Delta Electronics (H.K.) Ltd.	Affiliated enterprise	13,324,104	-	-		-
Delta International Holding Limited B.V.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	784,001	-	-		-
Delta International Holding Limited B.V.	Amerlux, LLC	Affiliated enterprise	829,035	-	-		-
Delta International Holding Limited B.V.	Delta Electronics (USA) Inc.	Affiliated enterprise	871,763	-	-		-
DET International Holding B.V.	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	2,394,990	-	-		-
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Chongqing) Ltd.	Affiliated enterprise	624,847	-	-		-
Delta Electronics (Shanghai) Co., Ltd.	Cyntec Electronics (Wuhu) Co., Ltd.	Affiliated enterprise	973,598	-	281		-
Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	1,554,492	-	-		-
Fairview Assets Ltd.	Delta Controls Inc.	Affiliated enterprise	1,573,277	-	-		-
Fairview Assets Ltd.	Delta Electronics (H.K.) Ltd.	Affiliated enterprise	9,806,291	-	-		-

Table 7-4

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2023 (Note 1)	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
Fairview Assets Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	11,829,812 $	-	- $		- $
Delta Energy Systems (Germany) GmbH	Delta Energy Systems Property (Germany) GmbH	Affiliated enterprise	368,683	-	-		-
Delta Energy Systems (Germany) GmbH	Delta Electronics (Slovakia) s.r.o.	Affiliated enterprise	509,700	-	-		-
DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Slovakia) s.r.o.	Affiliated enterprise	407,760	-	-		-
DELTA ELECTRONICS (NORWAY) AS	Eltek s.r.o.	Affiliated enterprise	329,606	-	-		-
March Networks Corporation	March Networks, Inc.	Affiliated enterprise	271,567	4.58	-		211,740
Universal Instruments Corporation	Universal Instruments Mfg.(Shenzhen) Co. Ltd.	Affiliated enterprise	292,235	0.90	-		-
TB&C Outsert Center GmbH	TB&C Holding GmbH	Affiliated enterprise	292,183	-	-		-

Note 1: Including other receivables in excess of $100,000.

Note 2: The amount represents collections subsequent to December 31, 2023 up to February 29, 2024.

Table 7-5

Delta Electronics, Inc. and Subsidiaries

Significant inter-company transactions during the reporting period Year ended December 31, 2023

Table 8

Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Number (Note 1)	Companyname	Counterparty	Relationship (Note 2)	Transaction	Transaction	Transaction	Transaction
				General ledger account	Amount(Note 7)	Transaction terms	Percentage of consolidated total operating revenues or total assets(Note3)
0	Delta Electronics, Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Subsidiary	Operating revenue	20,775,297 $	(Note 4)	5.18
0	Delta Electronics, Inc.	Delta Electronics (Thailand) Public Company Limited	Subsidiary	Operating revenue	6,014,760	(Note 4)	1.50
0	Delta Electronics, Inc.	DEI Logistics (USA) Corp.	Subsidiary	Operating revenue	7,695,077	(Note 5)	1.92
0	Delta Electronics, Inc.	Delta Electronics (Americas) Ltd.	Subsidiary	Operating revenue	4,278,039	(Note 4)	1.07
1	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	5,556,153	(Note 4)	1.38
1	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	35,329,642	(Note 4)	8.81
2	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	18,493,532	(Note 4)	4.61
2	Delta Electronics (Jiangsu) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	56,671,678	(Note 4)	14.12
3	Delta Electronics (Shanghai) Co., Ltd.	Delta Greentech (China) Co., Ltd.	Affiliated enterprise	Operating revenue	13,953,780	(Note 4)	3.48
4	Delta Networks (Dongguan) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	5,704,885	(Note 4)	1.42
5	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	6,214,952	(Note 4)	1.55
6	Delta Electronics (Chenzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	5,007,614	(Note 4)	1.25
7	Cyntec Electronics (Suzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	12,430,157	(Note 4)	3.10
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Operating revenue	21,304,360	(Note 4)	5.31

Table 8-1

Number (Note 1)	Companyname	Counterparty	Relationship (Note 2)		Transaction	Transaction	Transaction
				General ledger account	Amount(Note 7)	Transaction terms	Percentage of consolidated total operating revenues or total assets(Note3)
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	Operating revenue	25,217,049 $	(Note 4)	6.28
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Networks (Dongguan) Ltd.	Affiliated enterprise	Operating revenue	4,443,883	(Note 4)	1.11
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Affiliated enterprise	Operating revenue	4,775,056	(Note 4)	1.19
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	4,060,815	(Note 4)	1.01
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics, Inc.	Ultimate parent company	Operating revenue	23,360,828	(Note 4)	5.82
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	Operating revenue	14,938,260	(Note 5)	3.72
9	Delta Electronics (Thailand) Public Company Limited	DET Logistics (USA) Corporation	Affiliated enterprise	Operating revenue	34,111,273	(Note 5)	8.50
2	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Accounts receivable	4,739,083	(Note 4)	1.04
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Accounts receivable	6,208,857	(Note 4)	1.36
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics, Inc.	Ultimate parent company	Accounts receivable	7,207,937	(Note 4)	1.57
8	Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	Accounts receivable	5,478,193	(Note 5)	1.20
9	Delta Electronics (Thailand) Public Company Limited	DET Logistics (USA) Corporation	Affiliated enterprise	Accounts receivable	13,334,830	(Note 5)	2.91
10	Delta International Holding Limited B.V.	Delta Electronics (H.K.) Ltd.	Affiliated enterprise	Other receivables - related parties	13,324,104	(Note 6)	2.91
11	Fairview Assets Ltd.	Delta Electronics (H.K.) Ltd.	Affiliated enterprise	Other receivables - related parties	9,806,291	(Note 6)	2.14

Table 8-2

Number (Note 1)	Companyname	Counterparty	Relationship (Note 2)		Transaction	Transaction	Transaction
				General ledger account	Amount(Note 7)	Transaction terms	Percentage of consolidated total operating revenues or total assets(Note3)
11	Fairview Assets Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Other receivables - related parties	11,829,812 $	(Note 6)	2.58

Note 1: The numbers filled in for the transaction company in respect of inter-company transactions are as follows:

(1) Parent company is ‘0’.
(2) The subsidiaries are numbered in order starting from ‘1’.

Note 2: Relationship between transaction company and counterparty is classified into the following three categories:

(1) Parent company to subsidiary.
(2) Subsidiary to parent company.
(3) Subsidiary to subsidiary.

Note 3: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets

for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts.

Note 4: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 70 days. Note 5: It will follow the agreed price and transaction terms, and all the credit terms are 90 days after delivery. Note 6: Lending of capital.

Note 7: The disclosure requirement for the above disclosed amounts is 1% of the consolidated total assets for balance sheet accounts and 1% of the consolidated total revenue for income statement accounts.

Table 8-3

Delta Electronics, Inc. and Subsidiaries

Information on investees

Year ended December 31, 2023

Table 9

Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31,2023	Shares held as at December 31,2023	Shares held as at December 31,2023	Net profit (loss) of the investee for the year ended December 31, 2023	Investment income (loss) recognised by the Company for theyear ended December 31,2023	Footnote
				Balance as at December 31,2023	Balance as at December 31,2022	Number of shares	Ownership (%)	Book value
Delta Electronics, Inc.	Delta International Holding Limited B.V.	Netherlands	Equity investments	8,922,118 $	8,922,118 $	67,680,000	100.00	82,861,679 $	3,173,254 $	3,066,008 $	(Note 6)
Delta Electronics, Inc.	Delta Networks Holding Limited	Cayman Islands	Equity investments	-	29,582	1	100.00	2,425	95,099	95,099	(Note 6)
Delta Electronics, Inc.	Delta Electronics (Netherlands) B.V.	Netherlands	Sales of power products, display solution products, electronic components, industrial automation products and materials	4,529,355	4,529,355	128,492,272	100.00	32,422,090	4,197,427	4,051,945	(Note 6)
Delta Electronics, Inc.	Delta Electronics (Thailand) Public Company Limited	Thailand	Manufacturing and exporting power supplies, other electronic parts and components	4,780,487	4,780,487	691,281,400	5.54	5,644,633	16,411,727	797,668	(Note 6 and Note 13)
Delta Electronics, Inc.	Cyntec Co., Ltd.	Taiwan	Research, development, manufacturing and sales of film optic-electronic devices	12,067,931	12,067,931	2,341,204,333	100.00	38,066,466	1,892,247	1,902,180	(Note 6)
Delta Electronics, Inc.	DelBio Inc.	Taiwan	Manufacturing, wholesale and retail of medical equipment	900,000	900,000	21,761,836	100.00	132,694	48,342) (	48,184) (	(Note 6)
Delta Electronics, Inc.	Delta Electronics Capital Company	Taiwan	Equity investments	3,253,241	3,253,241	391,967,176	100.00	4,689,466	751,599	751,599	(Note 6)
Delta Electronics, Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Singapore	Research, development and sales of electronic products	34,498	34,498	45,234,240	100.00	72,290,479	18,435,016	18,815,324	(Note 6)
Delta Electronics, Inc.	Delta America Ltd.	U.S.A.	Equity investments	103,065	103,065	2,100,000	10.26	236,688	544,382	49,106	(Note 6 and Note 9)
Delta Electronics, Inc.	Vivotek Inc.	Taiwan	Manufacturing and sales of video compression software and encoding, network video server, webcam and its related components	4,471,534	4,471,534	49,128,058	56.75	4,445,816	489,271	219,367	(Note 6)
Delta Electronics, Inc.	Chunghwa SEA Holdings	Taiwan	Equity investments	8,800	8,800	880,000	44.00	8,164	420) (	185) (	(Note 6)
Delta Electronics, Inc.	Delmind Inc.	Taiwan	Provide vertical add-on value solution	210,000	210,000	21,000,000	70.00	186,636	13,118) (	9,183) (	(Note 6)
Delta Electronics, Inc.	Ancora Semiconductors Inc.	Taiwan	Gallium Nitride (GaN) technologies and solutions	470,000	470,000	37,000,000	67.03	209,798	288,804) (	193,585) (	(Note 6 and Note 22)
Delta Electronics, Inc.	Delta Energy Inc.	Taiwan	Energy technology services	200,000	-	20,000,000	100.00	188,277	11,723) (	11,723) (	(Note 6 and Note 18)
Delta Electronics, Inc.	Atrust Computer Corporation	Taiwan	Research, development, manufacturing and sales of Thin Client, Zero Client, server and management software	950,259	-	28,825,000	55.02	949,711	36,673	1,022) (	(Note 6 and Note 18)
Delta Electronics, Inc.	Power Forest Technology Corporation	Taiwan	IC design of power management	112,500	-	5,000,000	21.20	39,095	147,785) (	20,854) (	(Note 6, Note 18 and Note 26)
Atrust Computer Corporation	APLUS COMPUTER (SAMOA) COMPANY LIMITED	Samoa	Equity investments	69,086	52,720	800,000	100.00	8,339	4,022) (	4,022) (	(Note 6 and Note 23)

Table 9-1

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31,2023	Shares held as at December 31,2023	Shares held as at December 31,2023	Net profit (loss) of the investee for the year ended December 31, 2023	Investment income (loss) recognised by the Company for theyear ended December 31,2023	Footnote
				Balance as at December 31,2023	Balance as at December 31,2022	Number of shares	Ownership (%)	Book value
Delta Electronics Capital Company	Ancora Semiconductors Inc.	Taiwan	Gallium Nitride (GaN) technologies and solutions	40,000 $	40,000 $	4,000,000	7.25	35,871 $	288,804) ($	20,938) ($	(Note 6 and Note 22)
Delta International Holding Limited B.V.	Delta Electronics (Thailand) Public Company Limited	Thailand	Manufacturing and exporting power supplies, other electronic parts and components	12,612,233	13,227,014	1,830,611,700	14.68	15,392,128	16,411,727	2,254,337	(Note 1 and Note 13)
Delta International Holding Limited B.V.	DEI Logistics (USA) Corp.	U.S.A.	Warehousing and logistics services	88,154	88,154	1,000,000	100.00	249,090	176) (	176) (	(Note 1)
Delta International Holding Limited B.V.	Delta Electronics (Japan), Inc.	Japan	Sales of power products, display solution products, electronic components, industrial automationproducts and materials	87,784	87,784	5,600	100.00	1,097,193	303,346	303,345	(Note 1)
Delta International Holding Limited B.V.	Digital Projection International Limited	Britain	Equity investments	802,213	433,753	61,789,874	100.00	251,373	17,615) (	43,017) (	(Note 1)
Delta International Holding Limited B.V.	Delta Electronics (Switzerland) AG	Switzerland	Equity investments, research, development and sales of electronic products	624,675	624,675	10,000	100.00	682,050	105,304	98,881	(Note 1)
Delta International Holding Limited B.V.	DELTA ELECTRONICS HOLDING (USA) INC.	U.S.A.	Equity investments	2,096,842	2,096,842	1,060,624	100.00	3,172,981	148,297	193,189	(Note 1)
Delta International Holding Limited B.V.	DELTA ELECTRONICS (NORWAY) AS	Norway	Research, development and sales of power supplies and others	15,265,528	15,265,528	93,531,101	100.00	11,293,319	371,997	393,078) (	(Note 1)
Delta International Holding Limited B.V.	Delta Controls Inc.	Canada	Provide solutions to building management and control	2,302,875	2,302,875	75,000,000	100.00	2,908,792	47,502	47,502	(Note 1)
Delta International Holding Limited B.V.	Delta Electronics Europe Ltd.	Britain	Repair centre and providing support services	-	112,380	-	-	-	-	-	(Note 1 and Note 19)
Delta International Holding Limited B.V.	March Networks Holdings Ltd.	Canada	Equity investments	3,824,656	3,824,656	10,000	100.00	3,642,529	43,447	72,213) (	(Note 1)
Delta International Holding Limited B.V.	UI Acquisition Holding Co.	U.S.A.	Equity investments	2,867,847	2,867,847	334	100.00	2,588,670	388,060) (	431,925) (	(Note 1)
Delta International Holding Limited B.V.	Delta America Ltd.	U.S.A.	Equity investments	1,585,344	-	18,374,182	89.74	3,882,447	544,382	330,003	(Note 1, Note 9 and Note 20)
Delta International Holding Limited B.V.	Trihedral Engineering Limited	Canada	Graphic control software and related engineering services	1,095,387	-	51,495	100.00	1,315,642	119,568	75,319	(Note 1 and Note 20)
Delta International Holding Limited B.V.	Amerlux, LLC	U.S.A.	Design and production of dedicated lighting system and facilities	3,000,462	-	-	100.00	3,086,387	83,285	21,595	(Note 1 and Note 24)
Delta International Holding Limited B.V.	HY&T Investment Holding B.V.	Netherlands	Equity investments	5,189,129	-	750,232,500	100.00	5,054,938	129,404) (	181,639) (	(Note 1 and Note 18)
Delta America Ltd.	Delta Electronics (Americas) Ltd.	U.S.A.	Sales of electronic components	231,954	231,954	250,000	100.00	2,184,859	486,082	486,082	(Note 15)

Table 9-2

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31,2023	Shares held as at December 31,2023	Shares held as at December 31,2023	Net profit (loss) of the investee for the year ended December 31, 2023	Investment income (loss) recognised by the Company for theyear ended December 31,2023	Footnote
				Balance as at December 31,2023	Balance as at December 31,2022	Number of shares	Ownership (%)	Book value
Digital Projection International Ltd.	Digital Projection Holdings Limited	Britain	Equity investments	610,953 $	235,413 $	50,118,547	100.00	41,140 $	(17,621) $	(17,621) $	(Note 17)
Delta Electronics (H.K.) Ltd.	Delta Electronics International Mexico, S.A. de C.V.	Mexico	Sales of power management system of industrial automation product and telecommunications equipment	300,810	300,810	2,733,483	100.00	292,416	24,631	24,630	(Note 2)
Delta Electronics (Netherlands) B.V.	Delta Electronics (H.K.) Ltd.	Hong Kong	Equity investments, operations management and engineering services	10,083,433	10,083,433	2,549,297,600	100.00	24,907,793	3,534,190	3,534,190	(Note 8)
Delta Electronics (Netherlands) B.V.	Boom Treasure Limited	Hong Kong	Equity investments	-	2,675,047	-	-	-	70,804	28,716) (	(Note 8 and Note 27)
Delta Electronics (Netherlands) B.V.	Drake Investment (HK) Limited	Hong Kong	Equity investments	8,326,162	5,284,832	1,081,056,306	100.00	7,877,325	158,779	154,050	(Note 8)
Delta Electronics (Netherlands) B.V.	Delta America Ltd.	U.S.A.	Equity investments	-	1,585,344	-	-	-	544,382	157,613	(Note 8 and Note 20)
Delta Electronics (Netherlands) B.V.	Delta Greentech Electronics Industry LLC	Turkey	Marketing and sales of electronic products	479,612	479,612	7,670,494	100.00	407,593	227,628	242,540	(Note 8)
Delta Electronics (Netherlands) B.V.	DELTA GREENTECH (BRASIL) LTDA.	Brazil	Manufacturing and sales of electronic products	218,313	218,313	4,315,657	100.00	183,038	11,920	11,920	(Note 8)
Delta Electronics (Netherlands) B.V.	DELTA ELECTRONICS BRASIL LTDA.	Brazil	Manufacturing and sales of electronic products	622,805	622,805	87,000,000	100.00	802,732	127,837	127,837	(Note 8)
Delta Electronics (Netherlands) B.V.	Amerlux, LLC	U.S.A.	Design and production of dedicated lighting system and facilities	-	3,000,462	-	-	-	83,285	25,902) (	(Note 8 and Note 24)
Delta Electronics (Netherlands) B.V.	Delta Greentech SGP Pte. Ltd.	Singapore	Equity investments	-	857,611	-	-	-	25,232	5,726) (	(Note 8 and Note 25)
Delta Electronics (Netherlands) B.V.	Trihedral Engineering Limited	Canada	Graphic control software and related engineering services	-	1,095,387	-	-	-	119,568	13,185	(Note 8 and Note 20)
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Thailand) Public Company Limited	Thailand	Manufacturing and exporting power supplies, other electronic parts and components	36,737,053	36,737,053	5,344,793,060	42.85	46,237,661	16,411,727	6,351,179	(Note 7 and Note 13)
Delta Electronics Int'l (Singapore) Pte. Ltd.	ELTEK POWER INCORPORATED	Philippines	Sales of power supplies and others	23,130	23,130	11,400,000	100.00	9,787	29,577) (	29,577) (	(Note 7)
Delta Electronics Int'l (Singapore) Pte. Ltd.	ELTEK POWER CO., LTD.	Thailand	Sales of power supplies and others	-	-	40,000	100.00	74,766	10,128	10,127	(Note 7)
Delta Electronics Int'l (Singapore) Pte. Ltd.	ELTEK POWER (CAMBODIA) LTD	Cambodia	Sales of power supplies and others	-	-	1,000	100.00	19,235) (	-	-	(Note 7)
Delta Electronics Int'l (Singapore) Pte. Ltd.	ELTEK POWER (MALAYSIA) SDN. BHD.	Malaysia	Sales of power supplies and others	63,417	63,417	300,000	100.00	70,118) (	16,881) (	16,881) (	(Note 7)
Delta Electronics Int'l (Singapore) Pte. Ltd.	Loy Tec electronics GmbH	Austria	Provide solutions to building management and control	2,492,001	2,492,001	-	100.00	1,501,929	167,990	58,359	(Note 7)

Table 9-3

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31,2023	Shares held as at December 31,2023	Shares held as at December 31,2023	Net profit (loss) of the investee for the year ended December 31, 2023	Investment income (loss) recognised by the Company for theyear ended December 31,2023	Footnote
				Balance as at December 31,2023	Balance as at December 31,2022	Number of shares	Ownership (%)	Book value
Delta Networks Holding Limited	Delta Networks, Inc.	Cayman Islands	Equity investments	3,623,640 $	5,461,160 $	1	100.00	1,785 $	95,242 $	95,242 $	(Note 3)
Delta Networks, Inc.	Delta Networks (HK) Limited	Hong Kong	Equity investments	-	1,074,675	-	-	-	82,642	79,791	(Note 4 and Note 28)
Cyntec Co., Ltd.	Fairview Assets Ltd.	Cayman Islands	Equity investments	1,116,521	1,116,521	32,740,062	100.00	33,665,366	1,525,210	1,525,210	(Note 5)
Cyntec Co., Ltd.	Power Forest Technology Corporation	Taiwan	IC design of power management	347,387	347,387	15,432,000	65.45	86,671	147,785) (	120,917) (	(Note 5 and Note 26)
Delta Electronics (Thailand) Public Company Limited	DET International Holding B.V.	Netherlands	Equity investments	8,520,795	8,520,795	264,357,330	100.00	8,032,496	589,895	581,268	(Note 16)
Delta Electronics (Thailand) Public Company Limited	Delta Green Industrial (Thailand) Co., Ltd.	Thailand	Integration, sales, trading, installation and providing services of uninterruptible power supply, photovoltaic inverter, electric cars changer and data center	185,750	185,750	20,600,000	100.00	36,361	6,855) (	6,855) (	(Note 16)
Delta Electronics (Thailand) Public Company Limited	Delta Energy Systems (Singapore) PTE. LTD.	Singapore	Equity investments, trading, management and consultancy	8,390,697	5,025,967	278,899,220	100.00	10,535,963	362,635	377,187	(Note 16)
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Vietnam) Company Limited	Vietnam	Sales of electronic products	2,733	2,733	-	100.00	14,222	12,043	12,043	(Note 16)
Delta Electronics (Thailand) Public Company Limited	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	India	Manufacturing and marketing of electronic products	999,123	153,183	252,610,999	100.00	894,048	53,598) (	53,598) (	(Note 16)
Vivotek Inc.	Otus Imaging, Inc.	Taiwan	Sales of webcams and related components	-	44,294	-	-	-	5,290) (	5,290) (	(Note 11 and Note 21)
Vivotek Inc.	Realwin Investment Inc.	Taiwan	Venture capital company	173,696	173,696	17,369,635	100.00	209,111	32,744	34,170	(Note 11)
Vivotek Inc.	Vivotek Holdings, Inc.	U.S.A.	Holding company	31,555	31,555	1,050	100.00	358,559	26,354	26,354	(Note 11)
Vivotek Inc.	Vivotek Netherlands B.V.	Netherlands	Sales service	11,418	11,418	3,000	100.00	19,186	3,330	3,330	(Note 11)
Vivotek Inc.	Vivotek (Japan) Inc.	Japan	Sales service	17,939	17,939	6,600	100.00	21,529	635	635	(Note 11)
Vivotek Holdings, Inc.	Vivotek USA, Inc.	U.S.A.	Sales of webcams and related components	28,480	28,480	10,000,000	100.00	408,245	26,370	26,370	(Note 10)
Realwin Investment Inc.	Lidlight Inc.	Taiwan	Sales of lighting equipment	10,200	10,200	1,020,000	51.00	2,324	2,982) (	1,521) (	(Note 12)
Realwin Investment Inc.	Aetek Inc.	Taiwan	Sales of webcams and related components	34,045	34,045	3,372,500	56.21	87,217	50,190	28,211	(Note 12)
Realwin Investment Inc.	Wellstates Investment, LLC	U.S.A.	Investment and leasing of commercial real estate related business	34,859	34,859	-	100.00	65,596	5,245	5,245	(Note 12)
Realwin Investment Inc.	Skywatck INC.	Taiwan	Wholesale of electronic equipment	755	755	50,070	0.88	-	-	-	(Note 14)

Note 1: The Company’s second-tier subsidiary or subsidiary’s investee accounted for under equity method, which was recognised as investment gains/losses through Delta International Holding Limited B.V. Note 2: The Company’s third-tier subsidiary, which was recognised as investment gains/losses through Delta Electronics (H.K.) Ltd.

Note 3: The Company’s second-tier subsidiary, which was recognised as investment gains/losses through Delta Networks Holding Limited.

Table 9-4

Note 4: The Company’s third-tier subsidiary, which was recognised as investment gains/losses through Delta Networks, Inc.

Note 5: The Company’s second-tier subsidiary, which was recognised as investment gains/losses through Cyntec Co., Ltd.

Note 6: The investment income /loss is net of the elimination of intercompany transactions.

Note 7: The Company’s second-tier subsidiary, which was recognised as investment gains/losses through Delta Electronics Int’l (Singapore) Pte. Ltd.

Note 8: The Company’s second-tier subsidiary, which was recognised as investment gains/losses through Delta Electronics (Netherlands) B.V.

Note 9: The Company indirectly acquired 89.74% equity shares of Delta America Ltd. through Delta Electronics (Netherlands) B.V. considering the 10.26% equity shares held by the Company, the total ownership was 100%. Note 10: The Company’s third-tier subsidiary, which was recognised as investment gains/losses through Vivotek Holdings, Inc.

Note 11: The Company’s second-tier subsidiary, which was recognised as investment gains/losses through Vivotek Inc.

Note 12: The Company’s third-tier subsidiary, which was recognised as investment gains/losses through Realwin Investment Inc.

Note 13: The Company indirectly acquired 14.68% and 42.85% equity shares of Delta Electronics (Thailand) Public Company Limited through Delta International Holding Limited B.V. and Delta Electronics Int'l (Singapore) Pte. Ltd., respectively. Considering the 5.54% equity shares held by the Company, the total ownership was 63.07%. Delta Electronics (Thailand) Public Company Limited split stocks in April 2023.

The par value of each share was THB 1 before the stock split and is THB 0.1 after the stock split, and thus the number of shares increased tenfold.

Note 14: The Company’s associate was recognised as investment gains/losses due to significant influence by the Company’s second-tier subsidiary Realwin Investment Inc., which owns one board member in the Company. Note 15: The Company’s second-tier subsidiary, which was recognised as investment gains/losses through Delta America Ltd.

Note 16: The Company’s third-tier subsidiary, which was recognised as investment gains/losses through Delta Electronics (Thailand) Public Company Limited.

Note 17: The Company’s third-tier subsidiary, which was recognised as investment gains/losses through Digital Projection International Ltd. Note 18: Established or invested during 2023.

Note 19: This company had been liquidated in January 2023.

Note 20: As the Group reorganised in March 2023, Delta Electronics (Netherlands) B.V. sold 89.74% and 100% of shares in its subsidiaries, Delta America Ltd. and Trihedral Engineering Limited, to Delta International Holding Limited B.V., respectively. Note 21: The Group had disposed the investee in March 2023.

Note 22: The Company indirectly acquired 7.25% equity shares of Ancora Semiconductors Inc. through Delta Electronics Capital Company considering the 67.03% equity shares held by the Company, the total ownership was 74.28%. Note 23: The Company’s second-tier subsidiary, which was recognised as investment gains/losses through Atrust Computer Corporation.

Note 24: As the Group reorganised in May 2023, Delta Electronics (Netherlands) B.V. sold 100% of shares in its subsidiary, Amerlux, LLC to Delta International Holding Limited B.V..

Note 25: As the Group reorganised in June 2023, Delta Electronics (Netherlands) B.V. sold 100% of shares in its subsidiary, Delta Greentech SGP Pte. Ltd. to Boom Treasure Limited.

Note 26: The Company indirectly acquired 65.45% equity shares of Power Forest Technology Corporation through Cyntec Co., Ltd. Considering the 21.20% equity shares held by the Company, the total ownership was 86.65%. Note 27: In July 2023, the Group adjusted the investment structure, and Delta Electronics (Netherlands) B.V. sold a 100% equity interest in its subsidiary, Boom Treasure Limited, to Drake Investment (HK) Limited. Note 28: In December 2023, the Group adjusted the investment structure, and Delta Networks, Inc. sold a 100% equity interest in its subsidiary, Delta Networks (HK) Limited, to Delta Electronics (H.K.) Ltd..

Table 9-5

Table 10

Delta Electronics, Inc. and Subsidiaries Information on investments in Mainland China Year ended December 31, 2023

Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Investee in Mainland China	Main business activities	Paid-in capital	Investment method	Accumulated amount of remittance from Taiwan to Mainland China as at January 1,2023	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31,2023	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31,2023	Accumulated amount of remittance from Taiwan to Mainland China as at December 31,2023	Net income (loss) of investee for the year ended December 31, 2023	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2023	Book value of investments in Mainland China as at December 31, 2023	Accumulated amount of investment income remitted back to Taiwan as at December 31, 2023	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Delta Electronics (Dongguan) Co., Ltd.	Manufacturing and sales of transformer and thermal products	4,295,937 $	Invested by DHK	5,120,837 $	- $	- $	5,120,837 $	751,706 $	100.00	829,277 $	6,344,250 $	296,611 $	(Note 3 and Note 13)
Delta Electronics (Shanghai) Co., Ltd.	Product design, management consulting service and distribution of electronic products	3,431,483	Invested by DHK	480,332	-	-	480,332	1,406,941	100.00	1,388,165	8,105,417	-	(Note 6 and Note 13)
Delta Electronics (Wuhu) Co., Ltd.	Manufacturing and sales of LED light source, power supplies and others	4,114,470	Invested by DHK	525,401	-	-	525,401	55,920	100.00	47,773	4,414,060	-	(Note 7 and Note 13)
Delta Electronics (Chenzhou) Co., Ltd.	Manufacturing and sales of transformers	1,934,415	Invested by DHK	131,260	-	-	131,260	156,156	100.00	70,878) (	2,164,744	-	(Note 8 and Note 13)
Delta Electronics (Jiangsu) Ltd.	Manufacturing and sales of power supplies and transformers	5,736,001	Invested by DHK	12,522,416	-	-	12,522,416	1,766,642	100.00	1,724,338	13,212,543	-	(Note 13)
Delta Green (Tianjin) Industries Co., Ltd.	Manufacturing and sales of transformers	139,094	Invested by DHK	1,015,880	-	-	1,015,880	1,277) (	100.00	181,499	89,371	-	(Note 9 and Note 13)
Delta Electronics (Pingtan) Co., Ltd.	Wholesale and retail of electronic products and energy-saving equipment	129,789	Invested by DHK	159,503	-	-	159,503	42,922	100.00	42,922	202,486	-	(Note 13)
Delta Electronics (Beijing) Co., Ltd.	Installation of mechanic, electronic, telecommunication and circuit equipment	-	Invested by DHK	14,043	-	-	14,043	558	-	558	-	-	(Note 10 and Note 13)
Delta Electronics (Xi'an) Co., Ltd.	Sales of computer, peripheral equipment and software	237,946	Invested by DHK	259,717	-	-	259,717	1,428	100.00	1,428	195,492	-	(Note 13)
Cyntec Electronics (Suzhou) Co., Ltd.	Manufacturing and sales of electronic components and molds; sales of forgings and powder metallurgy products	7,154,265	Invested by DHK	-	8,654,822	-	8,654,822	639,343	100.00	639,343	7,162,335	-	(Note 13 and Note 19)

Table 10-1

Investee in Mainland China	Main business activities	Paid-in capital	Investment method	Accumulated amount of remittance from Taiwan to Mainland China as at January 1,2023	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31,2023	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31,2023	Accumulated amount of remittance from Taiwan to Mainland China as at December 31,2023	Net income (loss) of investee for the year ended December 31, 2023	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2023	Book value of investments in Mainland China as at December 31, 2023	Accumulated amount of investment income remitted back to Taiwan as at December 31, 2023	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Delta Networks (Dongguan) Ltd.	Manufacturing and sales of other radio-broadcast receivers and the equipment in relation to broadband access networking system	1,397,078 $	Invested by DHK	1,372,708 $	- $	- $	1,372,708 $	9,135) ($	100.00	8,583) ($	1,847,466 $	675,510 $	(Note 5 and Note 13)
Delta Networks (Xiamen) Ltd.	Operation of radio transmission apparatus, and automatic data processing, reception, conversion and transmission or regeneration of voice, images or other data of the machine, including switches and routers, with a special program to control a computer or word processor with memory business	63,805	Invested by DNHK	21,494	-	-	21,494	18,862	30.00	5,659	49,897	-	(Note 14)
DelBio (Wujiang) Co., Ltd.	Manufacturing, wholesale and retail of medical equipment	122,820	Invested by DelBio	122,820	-	-	122,820	11,870) (	100.00	11,870) (	126,580	24,088	(Note 15)
Chenzhou Delta Technology Co., Ltd.	Manufacturing and sales of transformers	110,320	Invested by DCZ	-	-	-	-	60,238	100.00	60,439	377,078	-	(Note 11)
Delta Energy Technology Puhuan (Shanghai) Co., Ltd.	Sales of solar power products, photovoltaic equipment and components, energy saving management services	43,696	Invested by DPEC and DGC	-	-	-	-	324) (	96.32	324) (	31,304	-	(Note 11)
Guangzhou Amerlux Lighting Co., Ltd.	Wholesale of lighting fixture and decorative objects	14,585	Invested by Amerlux Lighting Hong Kong Limited	184,920	-	-	184,920	59,522	100.00	59,522	78,407	-	(Note 16)
Delta Greentech (China) Co., Ltd.	Sales of uninterruptible power systems	2,457,333	Invested by Drake- HK, Boom and DGSG	9,389,977	-	-	9,389,977	346,807	95.91	348,042	5,892,510	-	(Note 4 and Note 12)
Cyntec Electronics (WuHu) Co., Ltd.	Manufacturing and sales of electronic components, molds, forgings and powder metallurgy products	1,504,545	Invested by DHK	921,150	-	-	921,150	132,256	100.00	132,256	1,284,127	-	(Note 13 and Note 20)
Fujian Kaixin Construction Engineering Co., Ltd.	Constructions of buildings and structures, building decoration, municipal public works and landscape, etc.	108,157	Invested by DPT	-	-	-	-	1,093	40.00	437	12,719	-	(Note 11)

Table 10-2

Investee in Mainland China	Main business activities	Paid-in capital	Investment method	Accumulated amount of remittance from Taiwan to Mainland China as at January 1,2023	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31,2023	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31,2023	Accumulated amount of remittance from Taiwan to Mainland China as at December 31,2023	Net income (loss) of investee for the year ended December 31, 2023	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2023	Book value of investments in Mainland China as at December 31, 2023	Accumulated amount of investment income remitted back to Taiwan as at December 31, 2023	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Delta Electronics (Chongqing) Ltd.	Manufacturing electronic parts of new energy vehicles and parts for power of electronic equipment	1,074,675 $	Invested by DHK	- $	- $	- $	- $	23,251) ($	100.00	23,672) ($	845,552 $	-	(Note 13)
Universal Instruments Mfg.(Shenzhen) Co. Ltd.	Precision automation solutions	125,329	Invested by UI European Holdco. Cooperatief U.A.	-	-	-	-	14,072	100.00	14,072	98,629	-	(Note 18)

Note 1: The capital was translated based on the capital certified report of the investee companies into New Taiwan Dollars at the average exchange rate of RMB 7.09730 to US$1 and NTD 4.32629 to RMB$1.

Note 2: The accumulated remittance as at January 1, 2023, remitted or collected this period, accumulated remittance as at December 31, 2023 and investment income remitted back as at December 31, 2023 was translated into New Taiwan Dollars at the average exchange rate of NTD 30.705 to US$1 at the balance sheet date.

Note 3: Except for the facility of US$166,775 thousand permitted by Investment Department, MOEA, the capitalisation of earnings of US$27,081 thousand permitted by Investment Department, MOEA is excluded from the Company’s amount of investment in Mainland China. Note 4: Except for the facility of US$305,813 thousand permitted by Investment Department, MOEA, the capitalisation of earnings of US$980 thousand permitted by Investment Department, MOEA is excluded from the Company’s amount of investment in Mainland China. Also, the investment structure was approved by Investment Department, MOEA to be adjusted on March 24, 2023 but has not yet been completed as of December 31, 2023.

Note 5: Except for the facility of US$44,706 thousand permitted by Investment Department, MOEA, the capitalisation of earnings of US$21,812 thousand permitted by Investment Department, MOEA is excluded from the Company’s amount of investment in Mainland China. Note 6: Except for the facility of US$15,643 thousand permitted by Investment Department, MOEA, the capitalisation of earnings of US$110,401 thousand permitted by Investment Department, MOEA is excluded from the Company’s amount of investment in Mainland China. Note 7: Except for the facility of US$17,111 thousand permitted by Investment Department, MOEA, the capitalisation of earnings of US$120,320 thousand permitted by Investment Department, MOEA is excluded from the Company’s amount of investment in Mainland China. Note 8: Except for the facility of US$4,275 thousand permitted by Investment Department, MOEA, the capitalisation of earnings of US$59,220 thousand permitted by Investment Department, MOEA is excluded from the Company’s amount of investment in Mainland China. Note 9: Except for the facility of US$33,085 thousand permitted by Investment Department, MOEA, the capitalisation of earnings of US$265 thousand permitted by Investment Department, MOEA is excluded from the Company’s amount of investment in Mainland China. Note 10: This company had been deregistered in December 2023.

Note 11: According to the regulations of the Investment Department, MOEA, the reinvestment of the investee companies in Mainland China is not required to obtain the approval of the Investment Department, MOEA; thus the investment amounts are excluded from the calculation of investment the Company’s ceiling of amount in Mainland China.

Note 12: Jointly invested through Drake Investment (HK) Limited, DELTA GREENTECH SGP Pte. Ltd. and Boom Treasure Limited.

Note 13: Invest through Delta Electronics (H.K.) Ltd.

Note 14: Invest through Delta Networks (HK) Limited.

Note 15: Invest through DelBio Inc.

Note 16: Invest through Amerlux Lighting Hong Kong Limited. Note 17: The Company's investment income (loss) was recognised based on audited financial statements by the Company's CPA.

Note 18: Invest through UI European Holdco. Cooperatief U.A.

Note 19: On December 27, 2022, the company was approved by Investment Department, MOEA to purchase 100% equity of Cyntec Electronics (Suzhou) Co., Ltd held by CYNTEC HOLDING (HK) LIMITED through Delta Electronics (H.K.) Ltd., a subsidiary of the company. The transfer was completed on February 28,2023 , and therefore included in the investment amount remitted by the Company in the current period.

Note 20: Except for the facility of US$30,000 thousand permitted by Investment Department, MOEA, the capitalisation of earnings of US$19,000 thousand permitted by Investment Department, MOEA is excluded from the Company’s amount of investment in Mainland China.

Table 10-3

Company name	Accumulated amount remitted from Taiwan to Mainland China as at December 31, 2023	Investment amount approved by the Investment Department of Ministry of Economic Affairs (MOEA)	Ceiling of investments in Mainland China imposed by the Investment Department of MOEA
Delta Electronics, Inc. (Notes 2 and 3)	$ 39,700,010	$ 39,700,010
Cyntec Co., Ltd. (Note 5)	-	5,809,766	19,640,241
DelBio Inc. (Notes 4 and 6)	98,732	98,732	79,617

Note 1: The accumulated amount remitted out of Taiwan to Mainland China and investment amount approved by Investment Department, MOEA was translated into New Taiwan Dollars at the average exchange rate of NTD30.705 to US$1 at the balance sheet date.

Note 2: The investment income of US$22,000 thousand, US$18,000 thousand, US$10,509 thousand and US$14,351 thousand were remitted back on March 11, 2011, June 27, 2012, August 14, 2012, June 24, 2009 and December 29, 2005, respectively,

from the investee companies in Mainland China and was permitted by Investment Department, MOEA on August 3, 2012, August 28, 2012, July 17, 2009 and January 6, 2006, respectively, which are deductible from the Company’s accumulated amount remitted out of Taiwan to Mainland China. Note 3: According to “Regulation Governing the Approval of Investment or Technical Cooperation in Mainland China”, the Company obtained the approval of operation headquarters from Industrial Development Administration of Ministry of Economic Affairs. There is no ceiling of investment amount.

Note 4: The ceiling is calculated based on DelBio Inc.’s 60% of net assets as at December 31, 2023. However, the application amount of US$4,000 thousand is calculated based on the net assets as at July 4, 2013.

Note 5: Cyntec Co., Ltd. remitted back the investment income of US$9,250 thousand on June 22, 2021 from the investee company in Mainland China, Cyntec Electronics (Suzhou) Co., Ltd., and was permitted by Investment Department, MOEA on August 4, 2021, which are deductible from Cyntec Co., Ltd.’s accumulated amount remitted out of Taiwan to Mainland China.Furthermore, on December 27, 2022, the Company was approved by Investment Department, MOEA to purchase 100% equity of Cyntec Electronics (Suzhou) Co., Ltd held by CYNTEC HOLDING (HK) LIMITED through Delta Electronics (H.K.) Ltd., a subsidiary of the Company. The transfer process was completed on February 28, 2023. On July 18, 2023, the Company obtained the confirmation letter from Investment Department, MOEA, however, as of December 31, 2023, the Company has not yet remitted back the transfer price to Taiwan, and the approved investment amount has not yet been revoked by Investment Department, MOEA.

Note 6: DelBio Inc. remitted back the investment income of US$785 thousand on August 23, 2022 from the investee company in Mainland China, DelBio (Wujiang) Co., Ltd., and was permitted by Investment Department, MOEA on September 29, 2022, which are deductible from DelBio Inc.’s accumulated amount remitted out of Taiwan to Mainland China.

Table 10-4

Delta Electronics, Inc. and Subsidiaries

Major shareholders information

December 31, 2023

Table 11

December 31, 2023 Table 11
Name of major shareholders Shares	No. of shares held	Ownership (%)
DEICO INTERNATIONAL LTD.	267,556,280	10.30%
DELTRON HOLDING LTD.	218,211,168	8.40%

Table 11-1

AI assistant

DELTA — Audit Report / Information 2023

52000_rns_2023-12-19_db508e1a-ede3-421b-8c54-3bb20597fac1.pdf

DELTA ELECTRONICS, INC. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND

INDEPENDENT AUDITORS’ REPORT

Opinion

Basis for opinion

Key audit matters

How our audit addressed the matter

Intangible Assets - Impairment assessment of goodwill

Description

How our audit addressed the matter

Other matter – Reference to the audits of other auditors

Other matter – Parent company only financial reports

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

Auditors’ responsibilities for the audit of the consolidated financial statements

Hsiao, Chun-Yuan Chou, Chien-Hung

February 29, 2024

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2023 AND 2022

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2023 AND 2022

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

YEARS ENDED DECEMBER 31, 2023 AND 2022

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2023 AND 2022

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2023 AND 2022

DELTA ELECTRONICS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2023 AND 2022

DELTA ELECTRONICS, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2023 AND 2022

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

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

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

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

(1) Compliance statement

(2) Basis of preparation

(3) Basis of consolidation

Balance sheets

Statements of comprehensive income

Revenue

Revenue

Statements of cash flows

Vivotek

(4) Foreign currency translation

(5) Classification of current and non-current items

(6) Cash equivalents

(7) Financial assets at fair value through profit or loss

(8) Financial assets at fair value through other comprehensive income

(9) Financial assets at amortised cost

(10) Accounts and notes receivable

(11) Impairment of financial assets

(12) Derecognition of financial assets

(13) Inventories

(14) Non-current assets held for sale

(15) Investments accounted for under the equity method

(16) Cash surrender value of life insurance

(17) Property, plant and equipment

(18) Leasing arrangements (lessee) － right-of-use assets/lease liabilities

(19) Investment property

B. Trademarks

(21) Impairment of non-financial assets

(22) Borrowings

(23) Notes and accounts payable

(24) Financial liabilities at fair value through profit or loss

(25) Bonds payable

(26) Derecognition of financial liabilities

(27) Offsetting financial instruments

(28) Non-hedging and embedded derivatives

(29) Hedge accounting

C. Cash flow hedges

(30) Employee benefits

A. Pensions

(b) Defined benefit plan

- (31) Employee share based payment

(32) Income tax

(33) Share capital

(34) Dividends

(35) Revenue recognition

DELTA Audit Report / Information 2023

(18) Leasing arrangements (lessee) `－` right-of-use assets/lease liabilities