DELTA — Audit Report / Information 2023

Dec 19, 2023

DELTA ELECTRONICS, INC.

PARENT COMPANY ONLY 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.

~1~

INDEPENDENT AUDITORS’ REPORT

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

Opinion

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

In our opinion, based on our audits and the reports of other auditors (refer to the Other matter section), the accompanying parent company only financial statements present fairly, in all material respects, the financial position of the Company as at December 31, 2023 and 2022, and its financial performance and its cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Basis for opinion

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

Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Company’s 2023 parent company only financial statements. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in

~2~

forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matters for the Company’s 2023 parent company only financial statements are stated as follows:

Investments accounted for under equity method

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.

Intangible assets (including subsidiaries) - Impairment assessment of goodwill

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 at 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

~3~

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. 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 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.

• 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 financial statements of certain investments accounted for under the equity method and information on investees disclosed in Note 13. Therefore, our opinion expressed herein, insofar as it relates to the amounts included in respect of these associates, is based solely on the reports of the other auditors. The balance of these investments accounted for under the equity method amounted

~4~

to NT$38,977,447 thousand and NT$31,866,553 thousand, constituting 12.50% and 11.10% of total assets as at December 31, 2023 and 2022, respectively, and the comprehensive income recognised from associates and joint ventures accounted for under the equity method amounted to NT$10,683,648 thousand and NT$8,588,314 thousand, constituting 32.96% and 18.64% of the total comprehensive income for the years then ended, respectively.

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

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

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

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

~5~

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

Our objectives are to obtain reasonable assurance about whether the parent company only financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards 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 parent company only financial statements.

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

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

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

3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management;

4. Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the parent company only financial statements or, if such

~6~

disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern;

1. Evaluate the overall presentation, structure and content of the parent company only financial statements, including the disclosures, and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

2. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.

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

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

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the parent company only financial statements of the current 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.

~7~

The parent company only financial statements of Delta Electronics, Inc. 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 exchange rate of $30.705 to US$1.00 at December 31, 2023. This basis of translation is not in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Hsiao, Chun-Yuan Chou, Chien-Hung

for and on behalf of PricewaterhouseCoopers, Taiwan

February 29, 2024

---

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

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

~8~

DELTA ELECTRONICS, INC. PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

Assets	Notes 6(1) 6(2) 8 6(19) 6(4) 6(4) 7 7 6(5) 6(2) 6(3) 6(19) 6(6) 6(7) 6(8) 6(9) 6(26) 6(4)(10)	US Dollars December 31, 2023 $ 71,196 72,266 6,120 151,361 808 208,944 286,926 8,719 12,999 260,612 35,367 49 1,115,367 1,301 44,038 12,216 7,893,637 981,538 18,556 27,898 40,705 18,109 9,037,998 $ 10,153,365	New Taiwan Dollars	New Taiwan Dollars
			December 31, 2023 $ 2,186,076 2,218,935 187,900 4,647,541 24,813 6,415,624 8,810,050 267,728 399,130 8,002,074 1,085,955 1,510 34,247,336 39,957 1,352,185 375,084 242,374,117 30,138,122 569,757 856,630 1,249,847 556,044 277,511,743 $ 311,759,079	December 31, 2022
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 Other receivables - related parties 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 Intangible assets Deferred income tax assets Other non-current assets Total non-current assets Total assets				$ 1,908,576 - 109,726 4,224,981 24,120 9,348,724 8,847,460 126,404 795,114 9,278,702 1,312,705 4,237
				35,980,749
				933,824 1,343,614 315,074 217,804,951 27,563,418 562,898 1,026,018 945,264 582,168
				251,077,229
				$ 287,057,978

(Continued)

~9~

DELTA ELECTRONICS, INC. PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

LiabilitiesandEquity

USDollars NewTaiwan Dollars Notes December 31,2023 December 31,2023 December 31,2022 6(19) $ 83,298 $ 2,557,660 $ 2,562,573 130,560 4,008,846 6,217,212 7 254,731 7,821,531 10,982,225 6(12) 627,007 19,252,244 15,901,462 7 6,026 185,029 127,790 79,918 2,453,879 2,234,481 6(14) 81,097 2,490,095 - 21,492 659,913 484,074 1,284,129 39,429,197 38,509,817 6(13) 947,728 29,100,000 11,600,000 6(14) 713,153 21,897,353 32,216,656 6(26) 617,091 18,947,786 14,720,638 16,061 493,150 513,313 6(15) 88,840 2,727,815 2,708,647 2,382,873 73,166,104 61,759,254 3,667,002 112,595,301 100,269,071 6(16) 845,967 25,975,433 25,975,433 6(17) 1,779,417 54,636,991 49,321,767 6(18) 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 9 11 $ 10,153,365 $ 311,759,079 $ 287,057,978

Current liabilities Contract liabilities - current Accounts payable Accounts payable - related parties Other payables Other payables - related parties 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 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 parent company only financial statements.

~10~

DELTA ELECTRONICS, INC.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2023 AND 2022

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

Items	Notes 6(19) and 7 6(5)(24) (25) and 7 6(24)(25) ( ( ( 12(2) ( 6(20) 6(21) 6(22) 6(23) ( 6(6) 6(26) 6(15) 6(3) 6(26) 6(26) 6(27) 6(27)	US Dollars 2023 $ 2,829,071 ( 1,878,428) 950,643 48,022 ) 106,900 ) 578,741 ) 155 733,508) 217,135 1,628 40,404 44,263 28,477 ) 959,569 1,017,387 1,234,522 ( 146,990) $ 1,087,532 ( $ 406 ) ( 150 ) ( 424 ) 81 ( 899) ( 15,676 ) ( 16,254 ) 856 ( 31,074) ( $ 31,973) $ 1,055,559 $ 0.42 $ 0.42	New Taiwan Dollars 2023 2022 $ 86,866,626 $ 82,637,878 ( 57,677,145)( 52,919,921) 29,189,481 29,717,957 ( 1,474,529) ( 1,352,580) ( 3,282,352) ( 3,298,161) ( 17,770,231) ( 15,744,908) 4,760 ( 36,872) ( 22,522,352)( 20,432,521) 6,667,129 9,285,436 50,002 17,441 1,240,608 1,060,832 1,359,097 ( 297,475) ( 874,398) ( 478,732) 29,463,562 27,502,684 31,238,871 27,804,750 37,906,000 37,090,186 ( 4,513,335)( 4,424,458) $ 33,392,665 $ 32,665,728 ($ 12,475) $ 10,565 ( 4,589) 207,974 ( 13,015) 209,666 2,495 ( 2,113) ( 27,584) 426,092 ( 481,330) 16,339,507 ( 499,085) ( 2,538,309) 26,277 ( 811,127) ( 954,138) 12,990,071 ($ 981,722) $ 13,416,163 $ 32,410,943 $ 46,081,891 $ 12.86 $ 12.58 $ 12.80 $ 12.52
Operating revenue Operating costs Gross profit Operating expenses Selling expenses General and administrative expenses Research and development expenses Expected credit impairment(loss)gain Total operating expenses Operating profit Non-operating income and expenses Interest income Other income Other gains and losses Finance costs Share of profit of subsidiaries, associates and joint ventures accounted for under the equity method Total non-operating income and expenses Profit before income tax Income tax expense Profit for the year 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 (loss) gain on valuation of equity investment at fair value through other comprehensive income Share of other comprehensive income (loss) of subsidiaries, associates and joint ventures accounted for under the equity method that will not be reclassified to profit or loss Income tax related to components of other comprehensive income that will not be reclassified to profit or loss 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 income (loss) of subsidiaries, 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 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 Earnings per share Basic earnings per share Diluted earnings per share

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

~11~

DELTA ELECTRONICS, INC. PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

2022 New Taiwan Dollars Balance at January 1, 2022 Profit for the year Other comprehensive income for the year Total comprehensive income for the year Distribution of 2021 earnings Legal reserve Special reserve Cash dividends Changes in ownership interests in subsidiaries Difference between consideration and carrying amount of subsidiaries acquired or disposed Disposal of equity investment at fair value through other comprehensive income by subsidiaries Balance at December 31, 2022 2023 New Taiwan Dollars Balance at January 1, 2023 Profit for the year Other comprehensive income (loss) for the year Total comprehensive income (loss) for the year Distribution of 2022 earnings Legal reserve Special reserve Cash dividends Changes in ownership interests in subsidiaries Difference between consideration and carrying amount of subsidiaries acquired or disposed Adjustment of profit and loss basis of hedging instruments Disposal of equity investment at fair value through other comprehensive income by subsidiaries Balance at December 31, 2023	Notes		Share capital - common stock		Capital surplus				Retained earnings					O	ther equityinterest				Total equity
							Legal reserve		Special reserve		Unappropriated retained earnings	Financial statements translation differences of foreign operations			Unrealised gains (losses) on financial assets measured at fair value through other comprehensive income		Gains (losses) on hedging instruments
	6(18) 6(18)		$ 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

(Continued)

~12~

DELTA ELECTRONICS, INC. PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

2023 US Dollars Balance at January 1, 2023 Profit for the year Other comprehensive income (loss) for the year Total comprehensive income (loss) for the year Distribution of 2022 earnings Legal reserve Special reserve Cash dividends Changes in ownership interests in subsidiaries Difference between consideration and carrying amount of subsidiaries acquired or disposed Adjustment of profit and loss basis of hedging instruments Disposal of equity investment at fair value through other comprehensive income by subsidiaries Balance at December 31, 2023	Notes		Share capital - common stock		Capital surplus				Retained earnings				Other equityinterest				Total equity
							Legal reserve		Special reserve		Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealised gains (losses) on financial assets measured at fair value through other comprehensive income		Gains (losses) on hedging instruments
	6(18)		$ 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

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

~13~

DELTA ELECTRONICS, INC.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax for the year Adjustments Income and expenses having no effect on cash flows Depreciation Amortization Expected credit impairment (gain) loss Interest expense Interest income Dividend income Share of profit of subsidiaries, associates and joint ventures accounted for under the equity method Net (gain) loss on financial assets at fair value through profit or loss Gain on disposal of property, plant and equipment Loss on right-of-use assets surrender in advance Impairment loss on non-financial assets Changes in assets/liabilities relating to operating activities Net changes in assets relating to operating activities Contract assets Notes receivable Accounts receivable Accounts receivable - related parties Change in overdue receivables 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 Accounts payable Accounts payable - related parties Other payables Other payables - related parties 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 $ 1,234,522 $ 37,906,000 $ 37,090,186 6(7)(8)(24) 79,946 2,454,757 2,138,222 6(9)(24) 15,674 481,272 579,598 12(2) ( 155 ) ( 4,760 ) 36,872 6(23) 28,477 874,398 478,732 6(20) ( 1,628 ) ( 50,002 ) ( 17,441 ) 6(21) ( 2,149 ) ( 65,996 ) ( 56,716 ) 6(6) ( 959,569 ) ( 29,463,562 ) ( 27,502,684 ) 6(2)(22) ( 43,155 ) ( 1,325,069 ) 6,645 6(22) ( 103 ) ( 3,163 ) ( 518,296 ) - - 16 6(9)(22) 205 6,287 417,151 ( 15,716 ) ( 482,570 ) 292,766 ( 23 ) ( 693 ) ( 3,609 ) 95,797 2,941,453 ( 3,848,312 ) 1,218 37,410 32,193 - - 7,147 ( 4,559 ) ( 139,991 ) ( 47,153 ) 12,896 395,984 ( 368,986 ) 41,577 1,276,628 ( 2,182,983 ) 7,385 226,750 124,988 89 2,727 ( 1,907 ) 532 16,327 1,671 ( 160 ) ( 4,913 ) 107,047 ( 71,922 ) ( 2,208,366 ) 1,919,843 ( 102,937 ) ( 3,160,694 ) 3,740,199 108,658 3,336,341 2,288,318 1,864 57,239 ( 94,049 ) 4,633 142,241 77,763 3,456 106,130 783,745 434,853 13,352,165 15,480,966 1,585 48,669 17,990 397,686 12,210,954 6,853,812 ( 28,007 ) ( 859,957 ) ( 455,831 ) ( 54,146) ( 1,662,564) ( 1,627,508) 751,971 23,089,267 20,269,429

(Continued)

~14~

DELTA ELECTRONICS, INC.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF DOLLARS)

CASH FLOWS FROM INVESTING ACTIVITIES Decrease in financial assets at amortised cost Proceeds from capital withdrawal liquidation of financial assets at fair value through profit or loss Acquisition of financial assets at fair value through other comprehensive income Acquisition of investments accounted for under the equity method Proceeds from capital reduction of investments accounted for under the equity method Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Acquisition of intangible assets Cash inflow due to business combinations Proceeds from disposal of financial assets at fair value through profit or loss Increase in other non-current assets Net cash flows used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Decrease in short-term borrowings Proceeds from long-term debt Repayment of long-term debt Lease principal repayment Cash dividends paid Issuance of bonds payable Decrease in refundable deposits Net cash flows used in financing activities 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 $ 1,362 $ 41,831 $ 10,608 - - 2,479 ( 429 ) ( 13,160 ) - ( 41,126 ) ( 1,262,759 ) ( 790,182 ) 1,831 56,216 - 6(7) ( 161,359 ) ( 4,954,535 ) ( 3,481,711 ) 406 12,451 774,219 6(9) ( 10,362 ) ( 318,171 ) ( 457,196 ) 6(28) - - 417,829 - - 4,774 ( 3,370 ) ( 103,477 ) ( 24,469 ) ( 213,047 ) ( 6,541,604 ) ( 3,543,649 ) 6(29) - - ( 1,400,000 ) 2,151,852 66,072,601 61,464,441 ( 2,406,833 ) ( 73,901,809 ) ( 72,551,565 ) ( 2,529 ) ( 77,638 ) ( 33,230 ) 6(18) ( 832,431 ) ( 25,559,802 ) ( 14,286,479 ) 6(13)(29) 569,940 17,500,000 11,600,000 ( 9,885 ) ( 303,515 ) ( 767,461 ) ( 529,886 ) ( 16,270,163 ) ( 15,974,294 ) 9,038 277,500 751,486 62,158 1,908,576 1,157,090 $ 71,196 $ 2,186,076 $ 1,908,576

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

~15~

DELTA ELECTRONICS, INC.

NOTES TO THE PARENT COMPANY ONLY FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS, EXCEPT AS OTHERWISE INDICATED)

1. HISTORY AND ORGANISATION

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 is the global leader in power and thermal management solutions and is primarily engaged in the research and development, design, manufacturing and sales of electronic control systems, DC brushless fans, thermal system, and miniaturization key component, industrial automation products, digital display products, communication products, consumer electronics products, energy-saving lighting application, renewable energy applications, EV charging, energy technology services and c onsulting services of building management and control solutions, etc. The Company’s mission statement, to provide innovative, clean and energyefficient solutions for a better tomorrow, focuses on addressing key environmental issues such as global climate change. With the concern for the environment, the Company continues to develop innovative energy-efficient products and solutions. In recent years, the Company has transformed from a product provider towards a solution provider and the Company’s business is segregated into power electronics business, automation business, and infrastructure business.

1. THE DATE OF AUTHORISATION FOR ISSUANCE OF THE PARENT COMPANY ONLY FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORISATION

These parent company only financial statements were authorised 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:

~16~

Effective date by International Accounting New Standards, Interpretations and Amendments Standards Board Amendments to IAS 1, ‘Disclosure of accounting policies’ January 1, 2023 Amendments to IAS 8, ‘Definition of accounting estimates’ January 1, 2023 Amendments to IAS 12, ‘Deferred tax related to assets and liabilities January 1, 2023 arising from a single transaction’ Amendments to IAS 12, ‘International tax reform - pillar two model May 23, 2023 rules’

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

New standards, interpretations and amendments endorsed by the FSC and will become effective from 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 Company’s financial condition and financial performance based on the Company’s assessment.

(3) Effect of 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:

~17~

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

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of these parent company only financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

(1) Compliance statement

The parent company only financial statements of the Company have been prepared in accordance with the ''Regulations Governing the Preparation of Financial Reports by Securities Issuers''.

(2) Basis of preparation

• A. Except for the following items, the parent company only financial statements have been prepared under the historical cost convention:

• (a) Financial assets 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 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”) requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the parent company only financial statements are disclosed in Note 5.

(3) Foreign currency translation

Items included in the parent company only financial statements are measured using the currency of the primary economic environment in which the Company operates (the “functional currency”). The parent company only financial statements are presented in New Taiwan Dollars, which is the Company’s functional and presentation currency.

~18~

• 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 foreign exchange gains and losses are presented in the statement of comprehensive income within ‘other gains and losses’.

• 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 Company 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 Company still retains partial interest in the former foreign subsidiary after losing control of the former foreign

~19~

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.

(4) 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 12 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 settle liabilities more than 12 months after the balance sheet date.

• 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 settled within the normal operating cycle;

• (b) Liabilities arising mainly from trading activities;

• (c) Liabilities that are to be settled within 12 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.

(5) 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 Company measures the financial assets at fair value and recognises the transaction costs in profit or loss. The Company subsequently measures the financial assets at fair value, and recognises the gain or loss in profit or loss.

• D. The Company recognises the dividend income when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Company and the amount of the dividend can be measured reliably.

~20~

(6) 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 Company 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. They are initially recognised at fair 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 Company and the amount of the dividend can be measured reliably.

(7) 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 Company’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 Company’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.

(8) Accounts and notes receivable

• A. Accounts and notes receivable entitle the Company 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.

(9) Impairment of financial assets

For financial assets at amortised cost including accounts receivable or contract assets that have a significant financing component, at each reporting date, the Company 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.

(10) Derecognition of financial assets

The Company 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 Company 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; however,

~21~

the Company has not retained control of the financial asset.

(11) Inventories

Inventories are stated at the lower of cost and net realisable value. The cost of finished goods and work in process comprises raw materials, direct labour, other director costs and related production overheads (allocated based on normal operating capacity). It excludes borrowing costs. 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.

(12) 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.

(13) Investments accounted for under equity method /subsidiaries and associates

• A. Subsidiaries are all entities controlled by the Company (including structured entries). The Company controls an entity when the Company 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.

• B. Unrealised gains or losses on transactions between the Company and subsidiaries have been eliminated. The accounting policies of the subsidiaries are consistent with the policies adopted by the Company.

• C. The Company’s share of its subsidiaries’ 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 Company’s share of losses in a subsidiary equals or exceeds its interest in the subsidiary, the Company continues to recognise losses proportionate to its ownership.

• D. If changes in the Company’s shares in subsidiaries do not result in loss in control (transactions with non-controlling interest), transactions shall be considered as equity transactions, which are transactions between owners. Difference of adjustment of non-controlling interest and fair value of consideration paid or received is recognised in equity.

• E. When the Company loses control of a subsidiary, the Company 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 would be required if the related assets or liabilities were disposed of. That is, when the Company 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.

• F. Associates are all entities over which the Company has significant influence but not control. In

~22~

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. The Company’s investments in associates include goodwill identified on acquisition, net of any accumulated impairment loss arising through subsequent assessments.

• G. The Company’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 Company’s share of losses in an associate equals or exceeds its interest in the associate (including any other unsecured receivables), the Company does not recognise further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.

• H. When changes in an associate’s equity do not arise from profit or loss or other comprehensive income of the associate and such changes do not affect the Company’s ownership percentage of the associate, the Company recognises the Company’s share of the change in equity of the associate in ‘capital surplus’ in proportion to its ownership.

• I. Unrealised gains on transactions between the Company and its associates are eliminated to the extent of the Company’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 Company.

• J. In the case that an associate issues new shares and the Company does not subscribe or acquire new shares proportionately, which results in a change in the Comapny’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 Company’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.

• K. Upon loss of significant influence over an associate, the Company 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.

• L. When the Company 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.

• M. Pursuant to the Rules Governing the Preparation of Financial Statements by Securities Issuers, profit (loss) of the current period and other comprehensive income in the parent company only financial statements shall equal to the amount attributable to owners of the parent in the consolidated financial statements. Owners’ equity in the parent company only financial

~23~

statements shall equal to equity attributable to owners of the parent in the consolidated financial statements.

(14) 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.

(15) 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 Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred.

• 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 (lease allocates its cost over contractual period). 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 asset’s residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. If expectations for the asset’s residual values and useful lives differ from previous estimates or the patterns of consumption of the asset’s 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.

(16) 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 Company. For short-term leases or leases of low-value 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 are fixed payments, less any lease incentives receivable. The Company 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.

~24~

• 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.

(17) Intangible assets

• A. 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.

• B. Goodwill arising from a short-form merger with the subsidiary is recognised pursuant to Article 19 of Enterprises Mergers and Acquisitions Act.

• C. Intangible assets other than trademarks and goodwill, mainly computer software and patents, are amortised on a straight-line basis over their estimated useful lives, which are determined based on economic useful lives or contract terms.

(18) Impairment of non-financial assets

• A. The Company 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 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 should be 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.

~25~

(19) 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 (net of transaction costs) and the redemption value is recognised in profit or loss over the period of the borrowings using the effective interest method.

(20) Accounts payable

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, short-term accounts payable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial, they are measured subsequently at original invoice amount.

(21) Derecognition of financial liabilities

A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled or expired.

(22) 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.

(23) Bonds payable

Ordinary corporate bonds issued by the company 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’.

(24) Employee benefits

• A. Short-term employee benefits

Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognised as expense in that period when the employees render service.

• B. Pensions

• (a) Defined contribution plan

For the defined contribution plan, the contributions are recognised as pension expense 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 Company in current period or prior periods. The liability recognised in the balance sheet in respect of defined benefit pension plan is the present value of the defined benefit

~26~

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 plan 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.

• C. Employees’ compensation and directors’ and supervisors’ remuneration

Employees’ compensation and directors’ and supervisors’ remuneration are recognised as expense and liability, 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 employee compensation is paid by shares, the Company calculates the number of shares based on the closing price at the previous day of the board meeting resolution.

• (25) 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. 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 parent company only 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. 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 Company 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.

~27~

• 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.

• (26) 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.

(27) Dividends

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

• (28) Revenue recognition

• A. Sales of goods

  • (a) The Company 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 customers’ 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 Company 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 Company does not adjust the transaction price to reflect the time value of money.

  • (c) The Company’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 is 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 Company 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

~28~

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 contract liability is recognised.

• (b) Some contracts include sales and installation services of equipment. The equipment and the installation services provided by the Company 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 Company’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. Revenue from licencing intellectual property

The Company is entitled to collect usage-based royalty in return for licencing patented technologies and intellectual property rights to subsidiaries under agreements. The Company recognises revenue when the performance obligation has been satisfied and the subsequent usage occurs.

• D. Incremental costs of obtaining a contract

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

(29) Government grants

Government grants are recognised at their fair value only when there is reasonable assurance that the Company 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 Company recognises expenses for the related costs for which the grants are intended to compensate or 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.

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

The preparation of these parent company only financial statements requires management to make critical judgments in applying the Company’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. The Company has no critical accounting judgments in applying accounting policies; and the critical accounting estimates and assumptions uncertainty information is addressed below:

~29~

Critical accounting estimates and assumptions

The Company makes estimates and assumptions based on the expectation of future events that are believed to be reasonable under the circumstances at the end of the reporting period. The resulting accounting estimates might be different from the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

Impairment assessment of investments accounted for using equity method

The Company assesses the impairment of an investment accounted for using equity method as soon as there is any indication that it might have been impaired and its carrying amount cannot be recovered. The Company assesses the recoverable amounts of an investment accounted for under the equity method based on the present value of the Company’s share of expected future cash flows of the investee, and analyses the reasonableness of related assumptions.

6. DETAILS OF MATERIAL ACCOUNTS

(1) Cash and cash equivalents

Cash on hand and revolving funds Checking accounts and demand deposits	December31,2023 2,715 $ 2,183,361 2,186,076 $	December31,2022
		3,043 $ 1,905,533
		1,908,576 $

• A. The Company 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 Company’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

in Note 8. Financial assets at fair value through profit or loss
Items Current items: Financial assets mandatorily measured at fair value through profit or loss Listed stocks Valuation adjustment	December31,2023 900,000 $ 1,318,935 2,218,935 $	December31,2022
		- $ -
		- $

~30~

==> picture [488 x 154] intentionally omitted <==

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

Items December 31, 2023 December 31, 2022
Non-current items:
Financial assets mandatorily measured at fair
value through profit or loss
Listed stocks $ 30,843 $ 30,843
Unlisted stocks 9,151 9,151
-
Hybrid instrument-convertible bonds 900,000
39,994 939,994
Valuation adjustment ( 37) ( 6,170)
$ 39,957 $ 933,824
----- End of picture text -----

• A. Amounts recognised in profit or loss in relation to financial assets and liabilities at fair value through profit or loss are listed below:

Financial assets mandatorily measured at fair value through profit or loss Equity instruments	2023 2022 1,325,069 $ 6,645) ($ Years endedDecember31,

• B. The Company has no financial assets at fair value through profit or loss pledged to others.

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

	Items	December	31, 2023		December	31,2022
Non-current items:
Equity instruments
Listed stocks		$	1,608,699		$	1,608,699
Unlisted stocks			177,204			164,044
			1,785,903			1,772,743
Valuation adjustment	(		433,718)	(		429,129)
		$	1,352,185		$	1,343,614

• A. The Company 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 $1,352,185 and $1,343,614 as at December 31, 2023 and 2022, respectively.

• B. 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:

as financial assets at fair value through other comprehensive income. The fair value of such investments amounted to $1,352,185 and $1,343,614 as at December 31, 2023 and 2022, respectively. Amounts recognised in profit or loss and other comprehensive income in relation to the financial assets at fair value through other comprehensive income are listed below:	prehensive income. The fair value of such 614 as at December 31, 2023 and 2022, rehensive income in relation to the financial ome are listed below:	prehensive income. The fair value of such 614 as at December 31, 2023 and 2022, rehensive income in relation to the financial ome are listed below:
2023 2022 Equity instruments at fair value through other comprehensive income Fair value change recognised in other comprehensive income 4,589) ($ 207,974 $ Years ended December31,	Years ended December31,
		2022
		207,974 $

~31~

• C. 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 Company were $1,352,185 and $1,343,614, respectively.

• D. The Company has no financial assets at fair value through other comprehensive income pledged to others as collateral.

(4) Notes and accounts receivable

		December	31,2023		December	31,2022
Notes receivable		$	24,813		$	24,120
Accounts receivable		$	6,457,305		$	9,397,107
Less: Allowance for uncollectible accounts	(		41,681)	(		48,383)
		$	6,415,624		$	9,348,724
Overdue receivables
(shown as other non-current assets)		$	7,891		$	4,298
Less: Allowance for uncollectible accounts	(		7,891)	(		4,298)
		$	6,415,624		$	9,348,724

• A. 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 December 31, 2022 5,131,945 $ 8,559,156 $ 1,294,958 738,862 4,356 70,946 18,520 23,557 7,526 4,586 6,457,305 $ 9,397,107 $

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 contracts with customers. As at January 1, 2022, the balance of receivables from contracts with customers amounted to $5,564,930.

• D. The Company has no notes receivable and accounts receivable pledged to others as collateral.

• E. As at December 31, 2023 and 2022, without taking into account any collateral held or other credit enhancements, the maximum hedge to credit risk in respect of the amount that best represents the Company’s notes receivable were $24,813 and $24,120, and accounts receivable were $6,415,624 and $9,348,724, respectively.

• F. Information relating to credit risk is provided in Note 12(2).

~32~

(5) Inventories

Inventories
Raw materials Work in process Finished goods Inventory in transit Raw materials Work in process Finished goods Inventory in transit		December31,2023
	Allowance for Cost valuation loss 7,323,415 $ 3,460,058) ($ 904,063 - 3,668,007 817,198) ( 383,845 - 12,279,330 $ 4,277,256) ($ December31,2022		Bookvalue
			3,863,357 $ 904,063 2,850,809 383,845
			8,002,074 $
	Allowance for Cost valuation loss 7,674,021 $ 2,286,998) ($ 875,645 - 3,186,901 431,496) ( 260,629 - 11,997,196 $ 2,718,494) ($		Bookvalue
			5,387,023 $ 875,645 2,755,405 260,629
			9,278,702 $

The cost of inventories recognised as expense for the year:

			Years ended	December	31,
			2023	2022
Cost of goods sold		$	45,890,045	$	43,790,737
Loss on market value decline and obsolete and
slow-moving inventories			1,844,705		1,396,935
Others	(		60,446)	(	79,345)
		$	47,674,304	$	45,108,327

(6) Investments accounted for under equity method

A. Details of investments accounted for under the equity method are set forth below:

Investee Delta International Holding Limited B.V. (DIH) Delta Electronics Int'l (Singapore) Pte. Ltd. (DEIL-SG) Cyntec Co., Ltd. (Cyntec) Delta Electronics (Netherlands) B.V. (DEN) Delta Electronics (Thailand) Public Company Limited (DET) (Note 1)	Ownership (%) Bookvalue 100.00 82,861,679 $ 100.00 72,290,479 100.00 38,066,466 100.00 32,422,090 5.54 5,644,633 December31,2023	December31,2022	December31,2022
	Ownership (%) 100.00 100.00 100.00 100.00 5.54	Ownership (%) 100.00 100.00 100.00 100.00 5.54	Bookvalue
			76,736,635 $ 60,943,728 37,441,523 26,143,999 5,098,854

~33~

==> picture [462 x 243] intentionally omitted <==

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

December 31, 2023 December 31, 2022
Investee Ownership (%) Book value Ownership (%) Book value
Vivotek Inc. (Vivo) 56.75 4,445,816 56.75 4,497,416
Delta Electronics Capital Company
(DECC) 100.00 4,689,466 100.00 3,937,867
Delta Networks Holding Limited
(DNH) 100.00 2,425 100.00 2,160,582
Delta America Ltd. (DAL) (Note 2) 10.26 236,688 10.26 69,806
DelBio Inc. (DelBio) 100.00 132,694 100.00 183,797
Chunghwa SEA Holdings 44.00 8,164 44.00 8,349
Delmind Inc. 70.00 186,636 70.00 195,819
Ancora Semiconductors Inc. 67.03 209,798 67.03 386,576
Delta Energy Inc. 100.00 188,277 - -
Atrust Computer Corporation 55.02 949,711 - -
Power Forest Technology Corporation 21.20 39,095 - -
$ 242,374,117 $ 217,804,951
----- End of picture text -----

• Note 1: The Company held 42.85% and 14.68% of the voting power of DET through DEIL-SG and DIH, respectively in 2023, and held 42.85% and 15.39% of the voting power of DET through DEIL-SG and DIH, respectively in 2022.

• Note 2: The Company held 89.74% of the voting power of DAL through DIH in 2023 and held 89.74% of the voting power of DAL through DEN in 2022.

• B. Share of profit/(loss) of subsidiaries and associates accounted for under equity method is shown as follows:

as follows:
	Investee			2023			2022
DEIL-SG			$	18,815,324		$	17,508,291
DEN				4,051,945			5,508,054
DIH				3,066,008			2,365,371
Cyntec				1,902,180			1,349,610
DET				797,668			570,354
DECC				751,599	(		109,159)
Vivo				219,367			305,660
Ancora		(		193,585)	(		50,621)
Others				53,056			55,124
			$	29,463,562		$	27,502,684

• C. The financial statements of investments accounted for under the equity method were audited by other independent auditors.

• D. Information about subsidiaries of the Company is provided in Note 4(3) in the 2023 consolidated financial statements.

• E. Information about the Company’s subsidiaries exposure to Pillar Two income taxes arising from the Pillar Two legislation is provided in Note 6(27) in the 2023 consolidated financial statements.

~34~

(7) Property, plant and equipment

Property, plant and equipment
																	Unfinished
																	construction
						Buildings and			Machinery			Testing				and equipment
At January 1, 2023			Land			structures			equipment			equipment			Others	under acceptance				Total
Cost		$	10,613,899		$	18,563,215		$	3,868,177		$	5,778,840		$	3,365,930	$	1,534,642		$	43,724,703
Accumulated depreciation and
impairment			-	(		6,212,796)	(		2,373,669)	(		4,594,922)	(		2,979,898)		-	(		16,161,285)
		$	10,613,899		$	12,350,419		$	1,494,508		$	1,183,918		$	386,032	$	1,534,642		$	27,563,418
2023
Opening net book amount		$	10,613,899		$	12,350,419		$	1,494,508		$	1,183,918		$	386,032	$	1,534,642		$	27,563,418
Additions			18,843			187,300			390,762			949,188			166,684		3,241,758			4,954,535
Disposals	(		3,501)			-	(		3,514)	(		1,125)	(		1,148)		-	(		9,288)
Transfers			-			1,230,076			177,674			157,970			62,989	(	1,628,709)			-
Depreciation charge			-	(		736,947)	(		598,502)	(		774,580)	(		260,514)		-	(		2,370,543)
Closing net book amount		$	10,629,241		$	13,030,848		$	1,460,928		$	1,515,371		$	354,043	$	3,147,691		$	30,138,122
At December 31, 2023
Cost		$	10,629,241		$	19,566,083		$	4,326,775		$	6,741,636		$	3,441,156	$	3,147,691		$	47,852,582
Accumulated depreciation and
impairment			-	(		6,535,235)	(		2,865,847)	(		5,226,265)	(		3,087,113)		-	(		17,714,460)
		$	10,629,241		$	13,030,848		$	1,460,928		$	1,515,371		$	354,043	$	3,147,691		$	30,138,122

~35~

																	Unfinished
																	construction
					Buildings and			Machinery and				Testing				and equipment
At January 1, 2022			Land			structures			equipment			equipment			Others	under acceptance				Total
Cost		$	10,247,505		$	14,845,685		$	3,205,914		$	4,992,913		$	2,824,924	$	640,778		$	36,757,719
Accumulated depreciation and
impairment			-	(		3,006,914)	(		2,216,462)	(		4,069,805)	(		2,488,709)		-	(		11,781,890)
		$	10,247,505		$	11,838,771		$	989,452		$	923,108		$	336,215	$	640,778		$	24,975,829
2022
Opening net book amount		$	10,247,505		$	11,838,771		$	989,452		$	923,108		$	336,215	$	640,778		$	24,975,829
Additions			-			141,852			410,323			846,575			311,402		1,771,559			3,481,711
Acquired through business
combinations			465,687			678,505			-			-			597		-			1,144,789
Disposals	(		75,929)	(		159,586)	(		15,267)	(		4,215)	(		926)		-	(		255,923)
Transfers (Note)	(		23,364)			463,231			574,515			148,148			35,716	(	877,695)			320,551
Depreciation charge			-	(		612,354)	(		464,515)	(		729,698)	(		296,972)		-	(		2,103,539)
Closing net book amount		$	10,613,899		$	12,350,419		$	1,494,508		$	1,183,918		$	386,032	$	1,534,642		$	27,563,418
At December 31, 2022
Cost		$	10,613,899		$	18,563,215		$	3,868,177		$	5,778,840		$	3,365,930	$	1,534,642		$	43,724,703
Accumulated depreciation and
impairment			-	(		6,212,796)	(		2,373,669)	(		4,594,922)	(		2,979,898)		-	(		16,161,285)
		$	10,613,899		$	12,350,419		$	1,494,508		$	1,183,918		$	386,032	$	1,534,642		$	27,563,418

Note: On October 1, 2021, the Board of Directors of the Company resolved to dispose a number of battery cell assembly equipment and transfer the equipment recognised 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 Company’s property, plant and equipment are mainly owner-occupied.

• B. No interest expense was capitalised on property, plant and equipment.

~36~

(8) Leasing arrangements - lessee

• A. The Company leases various assets including land, buildings and transportation equipment. Rental contracts are typically made for periods of 1 to 20 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	December31,2023 December31,2022 Bookvalue Bookvalue 420,109 $ 440,526 $ 145,550 114,985 3,052 6,000 1,046 1,387 569,757 $ 562,898 $ Years ended December 31,	December31,2023 December31,2022 Bookvalue Bookvalue 420,109 $ 440,526 $ 145,550 114,985 3,052 6,000 1,046 1,387 569,757 $ 562,898 $ Years ended December 31,
	2023 Depreciation charge 18,175 $ 62,158 2,949 932 84,214 $	2022 Depreciation charge
		18,043 $ 14,012 2,497 131
		34,683 $

• C. For the years ended December 31, 2023 and 2022, the additions to right-of-use assets were $91,073 and $160,694, 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 endedDecember31,	Years endedDecember31,
	2023 5,183 $ 101,703 $	2022
		4,106 $
		74,276 $

• E. For the years ended December 31, 2023 and 2022, the Company’s total cash outflow for leases were $184,524 and $111,612, respectively.

• F. Extension options

• (a) Extension options are included in the Company’s lease contracts pertaining to certain land. These terms and conditions are the lessor’s general practice and for the Company to effectively utilise the assets.

• (b) In determining the lease term, the Company 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

~37~

assessment.

(9)

Intangible assets At January 1, 2023 Trademarks Patents Goodwill Others Total Cost 413,163 $ 162,453 $ 423,438 $ 1,497,414 $ 2,496,468 $ Accumulated amortisation and impairment 26,340) ( 114,178) ( 417,151) ( 912,781) ( 1,470,450) ( 386,823 $ 48,275 $ 6,287 $ 584,633 $ 1,026,018 $ 2023 Opening net book amount 386,823 $ 48,275 $ 6,287 $ 584,633 $ 1,026,018 $ Additions - 24,015 - 294,156 318,171 Amortisation - 11,884) ( - 469,388) ( 481,272) ( Impairment loss - - 6,287) ( - 6,287) ( Closing net book amount 386,823 $ 60,406 $ - $ 409,401 $ 856,630 $ At December 31, 2023 Cost 413,163 $ 186,468 $ 423,438 $ 1,416,144 $ 2,439,213 $ Accumulated amortisation and impairment 26,340) ( 126,062) ( 423,438) ( 1,006,743) ( 1,582,583) ( 386,823 $ 60,406 $ - $ 409,401 $ 856,630 $ At January 1, 2022 Trademarks Patents Goodwill Others Total Cost 413,163 $ 148,669 $ 409,645 $ 2,869,804 $ 3,841,281 $ Accumulated amortisation and impairment 26,340) ( 103,749) ( - 1,804,192) ( 1,934,281) ( 386,823 $ 44,920 $ 409,645 $ 1,065,612 $ 1,907,000 $ 2022 Opening net book amount 386,823 $ 44,920 $ 409,645 $ 1,065,612 $ 1,907,000 $ Additions - 13,784 - 443,412 457,196 Acquired through business combinations - - 13,793 - 13,793 Reclassifications - - - 355,222) ( 355,222) ( Amortisation - 10,429) ( - 569,169) ( 579,598) ( Impairment loss - - 417,151) ( - 417,151) ( Closing net book amount 386,823 $ 48,275 $ 6,287 $ 584,633 $ 1,026,018 $ At December 31, 2022 Cost 413,163 $ 162,453 $ 423,438 $ 1,497,414 $ 2,496,468 $ Accumulated amortisation and impairment 26,340) ( 114,178) ( 417,151) ( 912,781) ( 1,470,450) ( 386,823 $ 48,275 $ 6,287 $ 584,633 $ 1,026,018 $

~38~

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

		Years ended	December31,	December31,
		2023		2022
Operating costs	$	4,585	$	3,816
Selling expenses		867		32
Administrative expenses		102,613		172,101
Research and development expenses		373,207		403,649
	$	481,272	$	579,598

• B. The Company acquired registered or under-application trademark rights such as , , VIVITEK , 麗訊 and . The Company’s 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 Company’s cash-generating units identified according to operating segment:

Goodwill: MES and others Trademarks: Infrastructure business	December 31, 2023 - $ 386,823 $	December31,2022
		6,287 $
		386,823 $

• D. Goodwill and trademarks with indefinite useful lives are allocated to the Company’s cashgenerating units identified according to operating segment. The recoverable amount of all cashgenerating units has been determined based on value-in-use calculations. An impairment is recognised when the carrying amount exceeds the recoverable amount calculated based on valuein-use. Value-in-use calculations take into account operating margin, growth rate and discount rate. Management determined budgeted operating margin based on past performance and their expectations of market development. The weighted average growth rates used are consistent with the projection included in industry reports. The discount rates used were pre-tax and reflected specific risks relating to the relevant operating segments.

An impairment loss of $6,287 and $417,151 were recognised for the years ended December 31, 2023 and 2022 since the recoverable amount of the cash-generating unit, MES and others, was less than the carrying amount due to its operating revenue failing to meet expectations. The discount rates used in calculating value-in-use were 9.69% and 10.5% on December 31, 2023 and 2022, respectively.

~39~

(10) Other non-current assets

Short-term borrowings Other payables Bonds payable Prepayments for business facilities Guarantee deposits paid Cash surrender value of life insurance Financial assets at amortised cost - non-currrent Others Type of borrowings Credit lines Salary, bonus and compensation payable Others Domestic unsecured corporate bonds	December31,2023 494,303 $ 29,294 25,340 - 7,107 556,044 $ December31,2023 3,948,419 $ December 31, 2023 15,248,207 $ 4,004,037 19,252,244 $ December 31, 2023 29,100,000 $	December31,2022 390,142 $ 27,212 28,106 113,274 23,434
		582,168 $
		December 31, 2022
		4,058,372 $
		December31,2022
		12,982,525 $ 2,918,937
		15,901,462 $
		December31,2022
		11,600,000 $

(11) Short-term borrowings

(12) Other payables

(13) Bonds payable

Domestic unsecured corporate bonds

The Company issued domestic unsecured ordinary corporate bonds during the year ended December 31, 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 〃 〃 〃 〃 〃 〃

~40~

- (14) Long term borrowings

==> picture [476 x 112] intentionally omitted <==

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

Type of borrowings December 31, 2023 December 31, 2022
Credit loans $ 24,387,448 $ 32,216,656
Less: Current portion
(shown as other current liabilities) ( 2,490,095) -
$ 21,897,353 $ 32,216,656
Credit lines $ 75,011,865 $ 75,320,973
Interest rate range 1.06%~5.96% 0.935%~5.17%
----- End of picture text -----

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 the agreement.

(15) Pensions

• A. Defined benefit plan

• (a) The Company has a defined benefit pension plan in accordance with the Labor Standards Act, covering all regular employees’ service years prior to the enforcement of the Labor Pension Act on July 1, 2005 and service years thereafter of employees who chose to continue to be subject to the pension mechanism under the 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 contributes 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 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 will make contribution for the deficit by next March.

• (b) The amounts recognised in the balance sheet are as follows:

	December	31,2023	December	31,2022
Present value of defined benefit obligations	($	3,348,783)	($	3,457,297)
Fair value of plan assets		2,058,265		2,088,616
Net defined benefit liability (shown
as other non-current liabilities)	($	1,290,518)	($	1,368,681)

~41~

(c) Movements in net defined benefit liabilities are as follows:

		Present value of
		defined benefit		Fair value		Net defined
		obligations		ofplan assets		benefit liability
Year ended December 31, 2023
Balance at January 1	($	3,457,297)	$	2,088,616	($	1,368,681)
Current service cost	(	21,735)		-	(	21,735)
Interest (expense) income	(	43,896)		26,384	(	17,512)
Past service cost		10,318		-		10,318
	(	3,512,610)		2,115,000	(	1,397,610)
Remeasurements:
Return on plan assets
(excluding amounts included in
interest income or expense)		-		18,187		18,187
Change in financial assumptions	(	15,098)		-	(	15,098)
Change in demographic
assumptions	(	158)		-	(	158)
Experience adjustments	(	15,406)		-	(	15,406)
	(	30,662)		18,187	(	12,475)
Pension fund contribution		-		77,744		77,744
Paid pension		194,489	(	152,666)		41,823
Balance at December 31	($	3,348,783)	$	2,058,265	($	1,290,518)
		Present value of
		defined benefit		Fair value		Net defined
		obligations		ofplan assets		benefit liability
Year ended December 31, 2022
Balance at January 1	($	3,472,042)	$	2,038,970	($	1,433,072)
Current service cost	(	21,199)		-	(	21,199)
Interest (expense) income	(	23,792)		13,899	(	9,893)
	(	3,517,033)		2,052,869	(	1,464,164)
Remeasurements:
Return on plan assets
(excluding amounts included in
interest income or expense)		-		160,699		160,699
Change in financial assumptions		202,823		-		202,823
Change in demographic
assumptions	(	12)		-	(	12)
Experience adjustments	(	352,945)		-	(	352,945)
	(	150,134)		160,699		10,565
Pension fund contribution		-		40,361		40,361
Paid pension		198,810	(	165,313)		33,497
Settlement		11,060		-		11,060
Balance at December 31	($	3,457,297)	$	2,088,616	($	1,368,681)

~42~

• (d) The Bank of Taiwan was commissioned to manage the Fund of the Company’s 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-thecounter, 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 has no right to participate in managing and operating that fund and hence the Company is unable to disclose the classification of plan assets fair value in accordance with IAS 19 paragraph 142. The composition of fair value of plan assets as of December 31, 2023 and 2022 is given in the Annual Labor Retirement Fund Utilisation Report announced by the government.

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

Discount rate Future salary increases rate	Years ended December 31,	Years ended December 31,
	2023 1.25% 3.00%	2022
		1.3%
		3.00%

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 was as follows:

Because the main actuarial assumption changed, the present obligation is affected. The analysis was as follows:	value of defined benefit	value of defined benefit
Increase Decrease 0.25% 0.25% December 31, 2023 Effect on present value of defined benefit obligation 74,041) ($ 76,613 $ December 31, 2022 Effect on present value of defined benefit obligation 79,327) ($ 82,152 $ Discount rate	Future salaryincreasesrate
	Increase Decrease 0.25% 0.25% 73,915 $ 71,826) ($ 79,260 $ 76,954) ($	Decrease 0.25%

The sensitivity analysis above is 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 plan of the Company for the year ending December 31, 2024 amount to $43,023.

~43~

• (g) As at December 31, 2023, the weighted average duration of the retirement plan is 9 years.

• B. Defined contribution plan

• Effective July 1, 2005, the Company has 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 contributes monthly an amount based on 6% of the employees’ monthly salaries and wages to the employees’ individual pension accounts at the Bureau of Labor Insurance. The benefits accrued are paid monthly or in lump sum upon termination of employment. The pension costs under the defined contribution pension plan of the Company for the years ended December 31, 2023 and 2022 were $591,466 and $488,926, respectively.

(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.

~44~

• (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 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 beginning unappropriated earnings shall be shareholders’ bonus. 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, the Company's financial health, and business development, as well as future plans for capital expenditures and reinvestment, 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 Jin-Guan-Zheng-Fa-Zi Letter No. 1010012865, dated April 6, 2012, shall be reversed proportionately when the relevant assets are used, disposed of or reclassified

~45~

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.

• 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,
			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 appropriation of earnings 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 proposed by the Board of Directors on February 29, 2024. Details are summarised below:

Legal reserve appropriated Special reserve appropriated Cash dividends	Dividends per share Amount (in dollars) 3,364,651 $ 1,027,060 16,702,204 6.43 $ Year ended December 31, 2023

As at February 29, 2024, the above-mentioned 2023 earnings appropriation has not yet been approved by the stockholders.

(19) Operating revenue

approved by the stockholders. Operating revenue
Revenue from contracts with customers	Years ended December31,
	2023 86,866,626 $	2022
		82,637,878 $

• A. Disaggregation of revenue from contracts with customers

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

~46~

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 20,143,024 $ 15,449,005 4,694,019 20,143,024 $ Power electronics 19,268,668 $ 16,586,537 2,682,131 19,268,668 $	Automation Infrastructure Others 11,058,262 $ 35,407,066 $ 20,258,274 $ 8,385,508 31,956,665 191,206 2,672,754 3,450,401 20,067,068 11,058,262 $ 35,407,066 $ 20,258,274 $ Automation Infrastructure Others 11,302,403 $ 30,388,494 $ 21,678,313 $ 8,801,194 27,215,070 327,608 2,501,209 3,173,424 21,350,705 11,302,403 $ 30,388,494 $ 21,678,313 $ Year ended December31,2023 Year ended December 31, 2022	Total 86,866,626 $ 55,982,384 30,884,242 86,866,626 $ Total
			82,637,878 $
			52,930,409 29,707,469
			82,637,878 $

B. Contract assets and liabilities

The Company 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 ended December 31, 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.

$ 2,562,573 $ 2,455,259

(20) Interest income

Interest income from bank deposits

Years ended December 31, 2023 2022 $ 50,002 $ 17,441

~47~

(21) Other income

Other income
		Years ended	December31,
		2023		2022
Rental income	$	92,998	$	79,067
Testing fee income		87,423		76,044
Sample sales income		86,232		176,751
Mold fee income		84,245		60,052
Dividend income		65,996		56,716
Others		823,714		612,202
	$	1,240,608	$	1,060,832

(22) Other gains and losses

Other gains and losses
		Years ended	December31,
		2023			2022
Gain on disposal of property, plant and equipment		3,163 $		$	518,296
Net currency exchange gain (loss)		123,509	(		348,624)
Gain (loss) on financial assets at fair value through
profit or loss		1,325,069	(		6,645)
Impairment loss on non-financial assets	(	6,287)	(		417,151)
Miscellaneous expenses	(	86,357)	(		43,351)
		1,359,097 $	($		297,475)

(23) Finance costs

Finance costs
Interest expense	Years ended December31,
	2023 874,398 $	2022
		478,732 $

(24) 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	Years endedDecember31,	Years endedDecember31,
	2023 22,348,614 $ 2,370,543 84,214 481,272 25,284,643 $	2022
		19,568,903 $ 2,103,539 34,683 579,598
		22,286,723 $

~48~

(25) Employee benefit expense

		Years ended	December31,	December31,
		2023		2022
Post-employment benefits
Defined contribution plan	$	591,466	$	488,926
Defined benefit plan		28,929		31,092
		620,395		520,018
Other employee benefits		21,728,219		19,048,885
	$	22,348,614	$	19,568,903

• 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.

To attract talents from labour market, the overall salary positioning of the Company is superior to the benchmark of the technology industry. The salary structures are reviewed annually to maintain a highly competitive edge in motivating and retaining top talents by referring to the labour market salary survey and the industry salary benchmark. In addition to complying with the local labour laws and related salary regulations, the Company particularly focuses on the link between the Company’s performance and employees’ salary and the rational design of the salary based on these factors.

The remuneration of directors shall be assessed by the remuneration committee based on their participation in the operations of the Company and the value of their contribution to the Company, and shall be determined by referring to the industry salary benchmark. Independent directors may be remunerated differently from general directors. An independent director who serves as chairman of the functional committee may be remunerated higher than other independent directors. The management’s salary is highly related to the Company’s operating results and performance. The proposal of the management’s salary is determined based on the evaluation of its key performance indicators and the industry salary benchmark.

~49~

The Company’s employee salary includes monthly salary, bonus, and employee compensation. The standard salary of the employee is determined based on the position, educational experience, professional knowledge, and market value. Starting salary and rewards do not vary according to gender, religion, political affiliation, marital status, etc. The annual salary increase budget is about 3 ~ 5% based on the principle that the employee’s salary is in line with the market condition and fairness. The employees’ compensation is, based on their position, contribution, and performance, offered to encourage the employees to focus on long-term contribution to and build mutual benefit and prosperity with the Company.

The remuneration of directors and management as well as the compensation of employees shall all be discussed and approved by the remuneration committee and then submitted to the Board of Directors for discussion and resolution.

• B. For the years ended December 31, 2023 and 2022, employees’ compensation were accrued at $3,172,303 and $3,103,244, respectively; while directors’ remuneration were accrued at $128,075 (including the estimated amount for the long-term incentive plan) and $55,008, respectively. The aforementioned amounts were recognised in salary expenses. The final payout for the long-term incentive plan will be determined based on the performance achieved in 2023.

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 resolved by the Board of Directors on February 29, 2024. Employees’compensation as resolved by the Board of Directors was in agreement with the amount recognised in the 2023 financial statements. The difference between directors’ remuneration resolved by the Board of Directors and the amount recognised in the 2023 financial statements had been accounted for as change in accounting estimate and recognised in profit or loss for 2024.

The employees’ compensation of $3,103,244 and directors’ remuneration of $47,520 for 2022 were resolved by the Board of Directors on February 22, 2023. Employees’compensation as resolved by the Board of Directors was in agreement with the amount recognised in the 2022 financial statements. The difference between directors’ remuneration resolved by the Board of Directors and the amount recognised in the 2022 financial statements had been accounted for as change in accounting estimate 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 the website of the Taiwan Stock Exchange.

~50~

(26) Income tax

A. Income tax expense

• (a) Components of income tax expense:

e tax ome tax expense Components of income tax expense:
			Years ended	December31,
			2023			2022
Current tax:
Current tax on profits for the year		$	1,738,059		$	2,787,711
Tax on undistributed surplus earnings			673,280			172,579
Prior year income tax overestimation	(		529,376)	(		441,385)
Total current tax			1,881,963			2,518,905
Deferred tax:
Origination and reversal of temporary
differences			2,631,372			1,905,553
Income tax expense		$	4,513,335		$	4,424,458

• (b) The income tax (charge)/credit relating to components of other comprehensive income is as follows:

follows:
		Years ended	December 31,
		2023		2022
Remeasurement of defined benefit plan	($	2,495)	$	2,113
Currency translation differences	(	26,277)		811,127
	($	28,772)	$	813,240

• B. Reconciliation between income tax expense and accounting profit:

			Years ended	December31,	December31,	December31,
			2023			2022
Tax calculated based on profit before tax and
statutory tax rate		$	7,581,199		$	7,418,038
Effects from items adjusted in accordance with
tax regulations	(		2,326,912)	(		1,890,540)
Effect from investment tax credits	(		884,856)	(		834,234)
Prior year income tax overestimation	(		529,376)	(		441,385)
Tax on undistributed surplus earnings			673,280			172,579
		$	4,513,335		$	4,424,458

~51~

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

January1 profit or loss Deferred tax assets: - Temporary differences: Allowance for inventory obsolescence 492,868 $ 311,753 $ Pension liability 268,976 18,128) ( Assets impairment 12,854 - Others 170,566 8,463 945,264 302,088 Deferred tax liabilities: - Temporary differences: Land value increment tax 119,862) ( - Long-term equity investments 14,157,296) ( 2,649,347) ( Others 443,480) ( 284,113) ( 14,720,638) ( 2,933,460) ( 13,775,374) ($ 2,631,372) ($ Recognised in		2023

~52~

Recognised in other comprehensive January1 profit or loss income Deferred tax assets: - Temporary differences: Allowance for inventory obsolescence 243,126 $ 249,742 $ - $ Pension liability 282,463 11,374) ( 2,113) ( Assets impairment 6,571 6,283 - Others 181,513 10,947) ( - 713,673 233,704 2,113) ( Deferred tax liabilities: - Temporary differences: Land value increment tax 119,862) ( - - Long-term equity investments 11,405,185) ( 2,111,655) ( 811,127) ( Others 415,878) ( 27,602) ( - 11,940,925) ( 2,139,257) ( 811,127) ( 11,227,252) ($ 1,905,553) ($ 813,240) ($ Recognised in 2022		2022

• D. The Company 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 $9,692,225 and $9,027,005, respectively.

• E. The Company’s income tax returns through 2021 have been assessed and approved by the Tax Authority.

~53~

(27) Earnings per share

Earnings per share
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 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	YearendedDecember31,2023
	Weighted average number of ordinary shares Earnings Amount outstanding per share aftertax (sharesinthousands) (indollars) 33,392,665 $ 2,597,543 12.86 $ 33,392,665 $ 2,597,543 - 11,634 33,392,665 $ 2,609,177 12.80 $ YearendedDecember31,2022		Earnings per share (indollars)
			12.86 $
			12.80 $
	Amount aftertax 32,665,728 $ 32,665,728 $ - 32,665,728 $	Weighted average number of ordinary shares outstanding (sharesinthousands) 2,597,543 2,597,543 12,313 2,609,856	Earnings per share (indollars)
			12.58 $
			12.52 $

~54~

(28) Business combinations

• A. Business combinations of the Company for the year ended December 31, 2022 are as follows: Based on the resolution of the Board of Directors on February 24, 2022, the Company consummated a short-form merger with the subsidiary, Allied Material Technology Corp . , pursuant to Article 19 of the Enterprises Mergers and Acquisitions Act. The merger became effective on May 1, 2022, with the Company as the surviving entity after the merger.

• B. The book value of Allied Material Technology Corp. on the acquisition date is shown as follows:

			May1,2022
Accounts receivable, net		$	12
Other receivables			89
Property, plant and equipment			1,144,789
Intangible assets			13,793
Contract liabilities - current	(		267)
Accounts payable	(		527)
Other payables	(		9,474)
Other non-current liabilities	(		6,964)
Cash inflow arising from business combination			417,829
		$	1,559,280

(29) Changes in liabilities from financing activities

At January 1, 2023 Changes in cash flow from financing activities At December 31, 2023 Short-term borrowings At January 1, 2022 1,400,000 $ Changes in cash flow from financing activities 1,400,000) ( At December 31, 2022 - $	Bonds Long-term Liabilities from financing payable borrowings activities-gross 11,600,000 $ 32,216,656 $ 43,816,656 $ 17,500,000 7,829,208) ( 9,670,792 29,100,000 $ 24,387,448 $ 53,487,448 $ Bonds Long-term Liabilities from financing payable borrowings activities-gross - $ 43,303,780 $ 44,703,780 $ 11,600,000 11,087,124) ( 887,124) ( 11,600,000 $ 32,216,656 $ 43,816,656 $

~55~

7. RELATED PARTY TRANSACTIONS

(1) Names and relationship of related parties

==> picture [483 x 15] intentionally omitted <==

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

Names and relationship of related parties Relationship with the Company
----- End of picture text -----

Names andrelationship of related parties	Relationship withthe Company
Delta Electronics Int'l (Singapore) Pte. Ltd.	Subsidiary
(DEIL-SG)
DEI Logistics (USA) Corp. (ALI)	"
Delta Electronics (Americas) Ltd.	"
Delta Electronics (Thailand) Public	"
Company Limited (DET)
Cyntec Co., Ltd. (Cyntec)	"
Delta Electronics (Jiangsu) Ltd.	"
Delta Electronics (Japan), Inc. (DEJ)	"
Digital Projection Asia Pte Ltd.	Associate
Delta Networks (Xiamen) Ltd.	"

(2) Significant transactions and balances with related parties

A. Operating revenue

Operating revenue
Sales of goods: Subsidiaries ALI Others Associates Sales of services and others: Subsidiaries DEIL-SG Others	Years ended December 31,
	2023 2022 7,695,077 $ 10,269,538 $ 8,352,975 6,423,928 3,864 5,482 16,051,916 $ 16,698,948 $ Years endedDecember31,	2022
		10,269,538 $ 6,423,928 5,482
		16,698,948 $
	2023 19,472,576 $ 7,220,123 26,692,699 $	2022
		20,303,726 $ 5,578,490
		25,882,216 $

The Company sells commodities to related parties based on mutually agreed selling price and terms as there is no similar transaction to be compared with. Sales of services to related parties arise mainly from licensing patent technologies and intellectual property and are recognised as revenue on a usage basis.

~56~

B. Purchases

Purchases
		Years ended	December	31,
		2023		2022
Purchases of goods:
Subsidiaries
DEIL-SG	$	23,367,187	$	21,989,667
Others		270,338		447,587
Associates		55,301		81,255
Purchases of services and others:
Subsidiaries		2,161,088		2,274,162
	$	25,853,914	$	24,792,671

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: Subsidiaries DEIL-SG DET ALI Others Associates	December31,2023 2,024,475 $ 2,008,219 1,860,255 2,916,966 135 8,810,050 $	December31,2022
		1,959,034 $ 587,471 3,532,586 2,767,704 665 8,847,460 $

The receivables from related parties arise mainly from sales transactions. The receivables are due 90 days after the date of sale for ALI and 75 days after the date of sale for the others. The receivables are unsecured in nature and bear no interest. There are no provisions held against receivables from related parties.

• D. Period-end balances arising from purchases of goods

Payables to related parties: Subsidiaries DEIL-SG Others Associates	December31,2023 7,120,645 $ 693,912 6,974 7,821,531 $	December31,2022
		10,221,747 $ 749,807 10,671
		10,982,225 $

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

~57~

E. Period-end balances arising from other transactions

Period-end balances arising from other transactions
Other receivables-related parties Subsidiaries DEIL-SG DEJ ALI Others Associates	December31,2023 280,704 $ 82,189 13,347 19,768 3,122 399,130 $	December31,2022 453,052 $ 213,234 106,804 20,024 2,000
		795,114 $

The above pertain mainly to payments on behalf of others.

Other payables-related parties: Subsidiaries DEIL-SG Others	December31,2023 101,356 $ 83,673 185,029 $	December31,2022 69,984 $ 57,806 127,790 $

The above pertain mainly to triangular trade collections on behalf of others.

(3) Key management compensation

Key management compensation
	Years ended	December31,
	2023		2022
Salaries and other short-term employee benefits	354,573 $	$	306,489
Post-employment benefits	753		737
	355,326 $	$	307,226

8. PLEDGED ASSETS

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

Pledged assets Time deposits (shown as financial assets at amortised cost - current) Time deposits (shown as other non-current assets)	December 31, December 31, 2023 2022 187,900 $ 109,726 $ - 113,274 187,900 $ 223,000 $ BookValue	Pledge purpose
	December 31, 2023 187,900 $ - 187,900 $
		Warranty guarantee Performance guarantee

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS

(1) Contingencies

None.

~58~

(2) Commitments

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

	December	31, 2023	December	31,2022
Costs of computer software	$	182,744	$	540,541
Property, plant and equipment		2,432,775		4,214,972
	$	2,615,519	$	4,755,513

10. SIGNIFICANT DISASTER LOSS

None.

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

• (1) Information about the appropriation 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. Consequently, the Company entered into an agreement with Nan Shan Life Insurance Company, Ltd. for an amount of approximately $4,789 million on January 25, 2024.

12. OTHERS

• (1) Capital risk management

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

(2) Financial instruments

• A. Financial instruments by category

Please refer to the parent company only balance sheets and Note 6 for related amounts and information of the Company’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 (accounts payable (including related parties), other payables (including related parties), long-term borrowings (including current portion), guarantee deposits received and lease liabilities (including current portion)).

• B. Financial risk management policies

The Company’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 Company’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Company’s financial position and financial performance.

~59~

• C. Significant financial risks and degrees of financial risks

• (a) Market risk

Foreign exchange risk

• i. The Company operates internationally and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to the USD and EUR. 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 manage its foreign exchange risk against the functional currency. To manage the foreign exchange risk arising from future commercial transactions and recognised assets and liabilities, the Company has co-worked with Delta Group treasury to hedge by using forward foreign exchange contracts and foreign exchange swap contracts.

• iii. The Company’s businesses involve some non-functional currency operations. The information on assets and liabilities denominated in foreign currencies whose values would be materially affected by the exchange rate fluctuations is as follows:

(Foreign currency: functional currency) Financial assets Monetary items USD:NTD EUR:NTD Non-monetary items USD:NTD THB:NTD Financial liabilities Monetary items USD:NTD	December 31, 2023	December 31, 2023
	Foreign currency amount (inthousands) 475,591 $ 15,796 6,116,703 $ 6,259,990 478,334 $	Exchange Book value rate (NTD) 30.705 14,603,019 $ 33.980 536,753 30.705 187,813,361 $ 0.9017 5,644,633 30.705 14,687,236 $

~60~

==> picture [429 x 262] intentionally omitted <==

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

December 31, 2022
Foreign currency
amount Exchange Book value
(in thousands) rate (NTD)
(Foreign currency: functional
currency)
Financial assets
Monetary items
USD:NTD $ 572,369 30.710 $ 17,577,440
EUR:NTD 23,124 32.720 756,621
Non-monetary items
USD:NTD $ 5,407,188 30.710 $ 166,054,750
THB:NTD 5,702,778 0.8941 5,098,854
Financial liabilities
Monetary items
USD:NTD $ 577,496 30.710 $ 17,734,912
EUR:NTD 17,433 32.720 570,413
----- End of picture text -----

• iv. Total exchange gain (loss), including realised and unrealised, arising from significant foreign exchange variation on the monetary items held by the Company for the years ended December 31, 2023 and 2022 amounted to $123,509 and ($348,624), respectively.

• v. Analysis of foreign currency market risk arising from significant foreign exchange variation:

variation:
(Foreign currency: functional currency) Financial assets Monetary items USD : NTD EUR : NTD Financial liabilities Monetary items USD : NTD	YearendedDecember31,2023
		Sensitivity analysis
	Degree of variation 1% 1% 1%	Effect on profit or loss 146,030 $ 5,368 146,872 $	Effect on comprehensiveincome
			- $ - - $

~61~

		Year	endedDecember31,	endedDecember31,	2022
			Sensitivity	analysis
(Foreign currency: functional	Degree of		Effect on		Effect on
currency)	variation	profit or loss		comprehensiveincome
Financial assets
Monetary items
USD : NTD	1%	$	175,774	$	-
EUR : NTD	1%		7,566		-
Financial liabilities
Monetary items
USD : NTD	1%	$	177,349	$	-
EUR : NTD	1%		5,704		-

Price risk

• i. The Company’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 Company diversifies its portfolio.

• ii. The Company’s investments in equity securities comprise shares issued by the domestic companies. The prices of equity securities would change due to the change of the future value of investee companies. If the price 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 $22,589 and $338, 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 $12,666 and $12,685, respectively, as a result of other comprehensive income classified as equity investment at fair value through other comprehensive income.

Cash flow and fair value interest rate risk

The Company’s main interest rate risk arises from long-term borrowings and bonds payable. Borrowings issued at variable rates expose the Company 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 Company to fair value interest rate risk. The Company’s borrowings mainly bear variable interest rates and bonds payable bear fixed interest rates. During 2023 and 2022, the Company’s borrowings at variable rates were denominated in NTD and USD, and bonds payable at fixed rates were denominated in NTD.

On 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 $43,795 and $64,433, respectively. The main factor is that changes in interest expense result from floating rate borrowings.

~62~

(b) Credit risk

• i. Credit risk refers to the risk of financial loss to the Company 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 Company’s credit policy, each local entity in the Company 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 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 Company 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 Company 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 Company classifies customers’ accounts receivable and contract assets in accordance with customer types. The Company applies the simplified approach using the provision matrix and loss rate methodology to estimate expected credit loss.

• viii. The Company 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 on 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	Not past due 0.00% 5,131,945 $ - $ 181-365 days past due 50.00% 18,520 $ 9,260 $	1-90 days past due 1.84% 1,294,958 $ 23,806 $ Over 366 days past due 100.00% 7,526 $ 7,526 $	91-180 days past due
			25.00% 4,356 $
			1,089 $
			Total
			6,457,305 $
			41,681 $

~63~

==> picture [429 x 164] intentionally omitted <==

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

Not past due 1-90 days past due 91-180 days past due
At December 31, 2022
Expected loss rate 0.00% 1.93% 25.00%
Total book value $ 8,559,156 $ 738,862 $ 70,946
Loss allowance $ - $ 14,285 $ 17,735
181-365 days Over 366 days
past due past due Total
Expected loss rate 49.99% 100.00%
Total book value $ 23,557 $ 4,586 $ 9,397,107
Loss allowance $ 11,777 $ 4,586 $ 48,383
----- End of picture text -----

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

receivables are as follows:
At January 1 Reclassification Provision for impairment Reversal of impairment loss Write-offs Others At December 31 At January 1 Reclassification Provision for impairment Reversal of impairment loss Write-offs Others At December 31			2023
	Notes Accounts receivable receivable - $ 48,383 $ - 1,035) ( - - - 7,505) ( - - - 1,838 - $ 41,681 $		Contract Overdue assets receivables Total - $ 4,298 $ 52,681 $ - 1,035 - - 2,745 2,745 - - 7,505) ( - 187) ( 187) ( - - 1,838 - $ 7,891 $ 49,572 $ 2022		Total
					49,572 $
	Notes Accounts receivable receivable - $ 12,611 $ - 4,111) ( - 40,712 - - - 829) ( - - - $ 48,383 $		Contract Overdue assets receivables Total - $ 10,946 $ 23,557 $ - 4,111 - - - 40,712 - 3,840) ( 3,840) ( - 7,418) ( 8,247) ( - 499 499 - $ 4,298 $ 52,681 $		Total
					52,681 $

For provisioned loss for the years ended December 31, 2023 and 2022, the reversal of (provision for) impairment losses arising from customers’ contracts amounted to $4,760 and ($36,872), respectively.

(c) Liquidity risk

• i. Company treasury monitors rolling forecasts of the Company’s liquidity requirements to ensure it has sufficient cash to meet operational needs.

• ii. The table below analyses the Company’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:

~64~

Non-derivative financial liabilities:

Non-derivative financial liabilities:
Less than December31,2023 1year Accounts payable (including related parties) 11,830,377 $ Other payables (including related parties) 19,437,273 Lease liabilities (including current portion) 91,039 Bonds payable 406,300 Long-term borrowings (including current portion) 2,653,285 Less than December 31, 2022 1year Accounts payable (including related parties) 17,199,437 $ Other payables (including related parties) 16,029,252 Lease liabilities (including current portion) 60,844 Bonds payable 128,950 Long-term borrowings 149,704 Non-derivative financial liabilities:	Between 1 and2years - $ - 71,229 5,389,019 20,375,508 Between 1 and2years - $ - 56,226 128,950 30,440,758	Between 2 and 5 years - $ - 78,166 23,661,759 1,537,983 Between 2 and 5 years - $ - 109,391 11,087,747 1,818,534	Over 5 years
			- $ - 343,806 701,692 - Over 5 years - $ - 401,879 707,992 -
December 31, 2022 Accounts payable (including related parties) Other payables (including related parties) Lease liabilities (including current portion) Bonds payable Long-term borrowings

• iii. The Company 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.

• B. The carrying amounts of financial instruments not measured at fair value including cash and cash equivalents, notes receivable, accounts receivable, short-term borrowings, other receivables, accounts payable, other payables and long-term borrowings are approximate to their fair values.

~65~

• 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 Financial assets at fair value through other comprehensive income Equity instruments December 31, 2022 Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity instruments Hybrid instruments Financial assets at fair value through other comprehensive income Equity instruments	Level 1 2,258,892 $ 1,266,616 3,525,508 $ Level 1 33,824 $ - 1,268,502 1,302,326 $	Level 2 - $ - - $ Level 2 - $ 900,000 - 900,000 $	Level3 - $ 85,569 85,569 $ Level3 - $ - 75,112 75,112 $	Total
				2,258,892 $ 1,352,185
				3,611,077 $
				Total
				33,824 $ 900,000 1,343,614
				2,277,438 $

• D. The methods and assumptions that the Company used to measure fair value are as follows:

• (a) The instruments that the Company used market quoted prices as their fair values (that is, Level 1) are listed below by characteristics:

Listed shares

Market quoted 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 Company 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 output of valuation model is an estimated value and the valuation technique may not be able to capture all relevant factors of the Company’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 Company’s management policies and relevant control procedures relating to the valuation models used for fair value measurement,

~66~

management believes adjustment to valuation is necessary in order to reasonably represent the fair value of financial and non-financial instruments at the parent company only balance sheet. The inputs and pricing information used during valuation are carefully assessed and adjusted based on current market conditions.

• (e) The Company 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 Company converted the convertible bonds of Lanner Electronics Inc. into common stock. Therefore, the Company 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:

2022:
		2023			2022
		Equity securities			Equity securities
At January 1		75,112 $		$	82,176
Losses recognised in other comprehensive
income	(	2,703)			-
Gains recognised in profit or loss		-			189
Acquired during the year		13,160			-
Disposals during the year		-	(		4,774)
Others		-	(		2,479)
At December 31		85,569 $		$	75,112

• G. Investment 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.

• H. The following is the quantitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:

~67~

Non-derivative equity instruments: Unlisted shares	Fair value at December 31, 2023	Valuation technique	Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value
	72,518 $ 13,051	Most recent non-active market price Market comparable companies	Not applicable Price to book ratio multiple	- 1.38~3.90 (1.99)	Not applicable The higher the multiple, the higher the fair value; the higher the discount for lack of marketability, the lower the fair value

Non-derivative equity instruments: Unlisted shares	Fair value at December 31, 2022	Most recent non-active market price Not applicable Market comparable companies Price to book ratio multiple Valuation technique Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value
	60,402 $ 14,710		- 1.44~3.50 (1.98)	Not applicable The higher the multiple, the higher the fair value; the higher the discount for lack of marketability, the lower the fair value

• I. The Company’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 categorised within Level 3 for the years ended December 31, 2023 and 2022 if the inputs used to valuation models have changed:

~68~

==> picture [448 x 272] intentionally omitted <==

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

December 31, 2023
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% $ - $ - $ 266 ($ 266)
instruments lack of
marketability
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% $ - $ - $ 264 ($ 264)
instruments lack of
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) in the 2023 consolidated financial statements.

• 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.

~69~

(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 table 6, 7 and 8 for significant transactions of purchases, sales, receivables and payables of investee companies in the Mainland China, and transactions 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

Major shareholders information: Please refer to table 11.

14. OPERATING SEGMENT INFORMATION

Refer to the consolidated financial statements of the Company and subsidiaries for the operating segment information.

~70~

DELTA ELECTRONICS, INC. DETAILS OF CASH AND CASH EQUIVALENTS DECEMBER 31, 2023

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

==> picture [504 x 13] intentionally omitted <==

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

Items Summary Amount Note
----- End of picture text -----

Cash on hand and revolving funds Demand deposits Foreign exchange deposits (USD 35,654 thousand, exchange rate: 30.705) (EUR 1,512 thousand, exchange rate: 33.980) (JPY 207,124 thousand, exchange rate: 0.2172) (HKD 8,820 thousand, exchange rate: 3.929) (RMB 3,640 thousand, exchange rate: 4.32629) Checking accounts deposits	2,715 $ 941,368 1,094,746 51,391 44,987 34,653 15,749 467 2,186,076 $

~71~

DELTA ELECTRONICS, INC. STATEMENT OF FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

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

Name of Financial Fair Value Instrument Description Shares Face Value Total Amount Cost Unit Price Total Amount Note Lanner Electronics Inc. Common stock 19,723,865 $ 10 $ 197,239 $ 900,000 $ 112.50 $ 2,218,935

~72~

DELTA ELECTRONICS, INC. DETAILS OF ACCOUNTS RECEIVABLE DECEMBER 31, 2023

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

Customer name	Summary Amount 686,051 $ 462,641 399,000 381,877 4,527,736 6,457,305 41,681) ( 6,415,624 $	Note
A Company B Company C Company D Company Others (Note) Less: Allowance for bad debts		The balance of each customer has not exceeded 5% of accounts receivable.

Note: The accounts receivable past due over one year amounted to $7,526 for which the Company has recognised allowance for doubtful accounts.

~73~

DELTA ELECTRONICS, INC. DETAILS OF INVENTORIES DECEMBER 31, 2023

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

Items Raw materials Work in process Finished goods Inventory in transit	Cost Market value Note 7,323,415 $ 7,308,062 $ The net realisable value is the net market value. 904,063 904,063 〃 3,668,007 4,229,912 〃 383,845 383,845 〃 12,279,330 $ 12,825,882 $ Amount

Note: As at December 31, 2023, the amount of loss on market value decline and obsolete and slow-moving inventories is $4,277,256.

~74~

DELTA ELECTRONICS, INC.

MOVEMENT SUMMARY OF INVESTMENTS ACCOUNTED FOR UNDER EQUITY METHOD

YEAR ENDED DECEMBER 31, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Investee	Openingbalance	Openingbalance	Addi	tions	Red	uctions		Endingbalance		Marketprice	or valueper share	For collateralize andpledge	Footnote
	Number of shares (Note 1)	Amount	Number of shares (Note 1)	Amount (Note 2)	Number of shares (Note 1)	Amount (Note 2)	Number of shares (Note 1)	Ownership (%)	Amount	Price (in NTD)	Totalprice
Delta International Holding Limited B.V. Cyntec Co., Ltd. Delta Networks Holding Limited Delta Electronics Int'l (Singapore) Pte. Ltd. Delta Electronics (Thailand) Public Company Limited Delta Electronics Capital Company Delta Electronics (Netherlands) B.V. DelBio Inc. Delta America Ltd. Vivotec Inc. Chunghwa SEA Holdings Delmind Inc. Ancora Semiconductors Inc. Delta Energy Inc. Atrust Computer Corporation Power Forest Technology Corporation Total	67,680 2,341,204 83,800 45,234 69,128 391,967 128,492 21,762 2,100 49,128 880 21,000 37,000 - - -	76,736,635 $ 37,441,523 2,160,582 60,943,728 5,098,854 3,937,867 26,143,999 183,797 69,806 4,497,416 8,349 195,819 386,576 - - -	- - - - 622,153 - - - - - - - - 20,000 28,825 5,000	6,125,044 $ 624,943 - 11,346,751 545,779 751,599 6,278,091 - 166,882 - - - - 188,277 949,711 39,095	- - 83,800) ( - - - - - - - - - - - - -	- $ - 2,158,157) ( - - - - 51,103) ( - 51,600) ( 185) ( 9,183) ( 176,778) ( - - -	67,680 2,341,204 - 45,234 691,281 391,967 128,492 21,762 2,100 49,128 880 21,000 37,000 20,000 28,825 5,000	100.00 100.00 100.00 100.00 5.54 100.00 100.00 100.00 10.26 56.75 44.00 70.00 67.03 100.00 55.02 21.20	82,861,679 $ 38,066,466 2,425 72,290,479 5,644,633 4,689,466 32,422,090 132,694 236,688 4,445,816 8,164 186,636 209,798 188,277 949,711 39,095	1,222.49 $ 13.98 3,558,000.00 1,636.44 79.35 11.96 268.87 6.10 210.36 163.00 9.28 8.89 9.80 9.41 8.54 7.23	82,737,869 $ 32,733,736 3,558 74,022,882 54,852,903 4,689,466 34,547,386 132,694 441,754 10,410,235 8,164 186,636 362,436 188,277 246,146 36,128 295,600,270 $	None 〃 〃 〃 〃 〃 〃 〃 〃 〃 〃 〃 〃 〃 〃 〃
		217,804,951 $		27,016,172 $		2,447,006) ($			242,374,117 $

Note 1: Shares in thousands.

Note 2: Including cash capital increase, investment income or loss recognised, adjustments in changes of net value and cash dividends received during the year.

~75~

DELTA ELECTRONICS, INC. MOVEMENT SUMMARY OF PROPERTY, PLANT AND EQUIPMENT AND ACCUMULATED DEPRECIATION YEAR ENDED DECEMBER 31, 2023 (EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

[Please refer to Note 6(7).]

~76~

DELTA ELECTRONICS, INC. DETAILS OF LONG-TERM BORROWINGS DECEMBER 31, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Creditor Citibank DBS Bank, Ltd. CTBC Bank Co., Ltd. TFB Bank, Ltd. HSBC Bank, Ltd. Taishin International Bank Less：Current portion	Summary Credit Loans 〃 〃 〃 〃 〃	Ending balance Contract period 5,440,000 $ 2023.12.12~2025.12.11 7,768,830 2023.10.05~2025.10.04 3,690,000 2023.10.01~2025.09.30 3,452,690 2023.06.16~2025.06.16 1,950,000 2022.11.14~2026.01.04 2,085,928 2023.07.31~2026.07.31 24,387,448 2,490,095) ( 21,897,353 $	InterestRate 1.53%~1.58% 1.57%~5.96% 1.33%~1.53% 1.58%~5.931% 1.49% 1.06%~1.26%	Collateralize or pledge None 〃 〃 〃 〃 〃	Note
					- - - - - -

~77~

DELTA ELECTRONICS, INC. STATEMENT OF BONDS PAYABLE DECEMBER 31, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Bonds Name	Trustee	Issuance Date	Interest Payment Date	Coupon Rate			Amount			Repayment Term	Collateral	Note
					Total Issuance Amount	Repayment Paid	Ending Balance	Unamortized Premiums (Discounts)	Carrying Amount
2022 first unsecured ordinary corporate bonds - Tranche A 2022 first unsecured ordinary corporate bonds - Tranche B 2022 second unsecured ordinary corporate bonds 2023 first unsecured ordinary corporate bonds 2023 second unsecured ordinary corporate bonds - Tranche A 2023 second unsecured ordinary corporate bonds - Tranche B 2023 third unsecured ordinary corporate bonds	CTBC Bank Co., Ltd. 〃 〃 〃 〃 〃 〃	2022/4/7 2022/4/7 2022/10/5 2023/1/12 2023/4/27 2023/4/27 2023/6/5	Note(1) Note(1) Note(1) Note(1) Note(1) Note(1) Note(1)	0.85 0.9 1.45 1.83 1.43 1.53 1.49	5,900,000 $ 700,000 5,000,000 5,000,000 3,000,000 3,500,000 6,000,000	- $ - - - - - -	5,900,000 $ 700,000 5,000,000 5,000,000 3,000,000 3,500,000 6,000,000 29,100,000 $	- $ - - - - - -	5,900,000 $ 700,000 5,000,000 5,000,000 3,000,000 3,500,000 6,000,000 29,100,000 $	Principal is payable in full at maturity 〃 〃 〃 〃 〃 〃	None 〃 〃 〃 〃 〃 〃

Note 1: Interest is repayable annually at simple coupon rate from the issuance date.

~78~

DELTA ELECTRONICS, INC. DETAILS OF OPERATING REVENUE YEAR ENDED DECEMBER 31, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

==> picture [499 x 165] intentionally omitted <==

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

Items Amount Note
Power electronics $ 15,463,818
Automation 9,871,903
Infrastructure 31,875,969
Others 125,946
Sales revenue 57,337,636
Service revenue 25,322,698
Other operating revenue 4,206,292
Total operating revenue $ 86,866,626
----- End of picture text -----

~79~

DELTA ELECTRONICS, INC. DETAILS OF OPERATING COST YEAR ENDED DECEMBER 31, 2023 (EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

			Amount
Raw materials at beginning		$	7,741,128
Add: Materials purchased for the year			22,522,743
Less: Raw materials at the end	(		7,323,415)
Raw materials in transit	(		169,919)
Cost of raw material sales	(		1,431,320)
Scrapped raw materials	(		200,440)
Transferred to manufacturing or operating expenses	(		211,800)
Direct materials			20,926,977
Direct labor			1,075,571
Manufacturing overhead			3,264,274
Manufacturing cost for the year			25,266,822
Add: Work in progress at the beginning			875,645
Less: Work in progress at the end	(		904,063)
Cost of finished goods for the year			25,238,404
Add: Finished goods at the beginning			3,380,423
Finished goods purchases for the year			20,118,653
Less: Finished goods at the end	(		3,668,007)
Finished goods in transit	(		213,926)
Scrapped finished goods	(		103,279)
Transferred to manufacturing overheads or operating expenses	(		293,543)
Cost of goods manufactured and sold			44,458,725
Loss on market value decline and obsolete and slow-moving inventories			1,844,705
Others	(		60,446)
Cost of goods sold			46,242,984
Cost of raw material sales			1,431,320
Cost of services			6,376,436
Other operating costs			3,626,405
Operating costs		$	57,677,145

~80~

DELTA ELECTRONICS, INC. DETAILS OF MANUFACTURING OVERHEAD YEAR ENDED DECEMBER 31, 2023 (EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Items		Amount	Note
Salaries and Wages	$	1,314,281
Depreciation		930,182
			The balance of each expense account has not
Others		1,019,811	exceeded 5% of manufacturing overhead.
Total	$	3,264,274

~81~

DELTA ELECTRONICS, INC. DETAILS OF SELLING EXPENSES YEAR ENDED DECEMBER 31, 2023 (EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Items Wages and Salaries Freight Others Total	Amount Note 945,631 $ 154,995 373,903 The balance of each expense account has not exceeded 5% of selling expenses. 1,474,529 $

~82~

DELTA ELECTRONICS, INC. DETAILS OF GENERAL AND ADMINISTRATIVE EXPENSES YEAR ENDED DECEMBER 31, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Items		Amount	Note
Salaries and Wages	$	1,321,695
Depreciation		601,002
			The balance of each expense account has not
			exceeded 5% of general and administrative
Others		1,359,655	expenses.
Total	$	3,282,352

~83~

DELTA ELECTRONICS, INC. DETAILS OF RESEARCH AND DEVELOPMENT EXPENSES YEAR ENDED DECEMBER 31, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Items Amount Note Salaries and Wages $ 12,341,939 Depreciation 903,894 The balance of each expense account has not exceeded 5% of research and development Others 4,524,398 expenses. Total $ 17,770,231

~84~

DELTA ELECTRONICS, INC. DETAILS OF LABOR, DEPRECIATION AND AMORTISATION BY FUNCTION YEARS ENDED DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Nature Function	2023	2023	2023	2022	2022	2022
	Classified as operating costs	Classified as operating expenses	Total	Classified as operating costs	Classified as operating expenses	Total
Employee benefit expense
Salaries and Wages	4,853,138	14,609,265	19,462,403	4,011,218	13,306,562	17,317,780
Labor and Health insurance	311,958	874,512	1,186,470	253,256	760,312	1,013,568
Pension	65,653	554,742	620,395	51,327	468,691	520,018
Directors'remuneration	-	120,587	120,587	-	55,408	55,408
Others	423,503	535,256	958,759	308,532	353,597	662,129
Depreciation	930,182	1,524,575	2,454,757	686,841	1,451,381	2,138,222
Amortisation	4,585	476,687	481,272	3,816	575,782	579,598

Note: A. As at December 31, 2023 and 2022, the number of the Company's employees were 11,825 and 10,664 (excluding overseas employees), including 7 and 7 non-employee directors, respectively.

• B. For the entity that its shares are listed on the Taiwan Stock Exchange or traded in the Taipei Exchange, the following additional disclosures are required:

• (a) The average employee benefit expense for the current year was $1,881 thousand (‘total employee benefit expense for the current year – total directors’ remuneration / ‘the number of employees in the current year – the number of non-employee directors). The average employee benefit expense for the previous year was $1,831 thousand (‘total employee benefit expense for the previous year – total directors’ remuneration’ /

• ‘the number of employees in the previous year – the number of non-employee directors).

• (b) The average employee salaries and wages for the current year was $1,647 thousand (total salaries and wages for the current year / ‘the number of employees in the current year - the number of non-employee directors’). The average employee salaries and wages for the previous year was

• $1,625 thousand (total salaries and wages for the previous year /‘the number of employees in the previous year - the number of non-employee directors.

• (c) The variation in the adjustments of the average employee salaries and wages was 1.35%. (‘the average employee salaries and wages for the current year

• the average employee salaries and wages for the previous year’ / 'the average employee salaries and wages for the previous year').

• (d) Please refer to Note 6(25)A. for the Company’s compensation policy.

~85~

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	Footnote
				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		Footnote
				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	Footnote
					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	Footnote
					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)	Footnote
			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)	Footnote
			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)	Footnote
			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)	Footnote
			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)	Footnote
			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)	Footnote
			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)	Footnote
			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)	Footnote
			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)	Footnote
			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)	Allowance for doubtful accounts
					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)	Allowance for doubtful accounts
					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)	Allowance for doubtful accounts
					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)	Allowance for doubtful accounts
					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)	Allowance for doubtful accounts
					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