~1~

DELTA ELECTRONICS, INC.
PARENT COMPANY ONLY FINANCIAL
STATEMENTS AND INDEPENDENT AUDITORS'
REPORT
DECEMBER 31, 2025 AND 2024

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.

~2~

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, 2025 and 2024, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the parent company only financial statements, including a summary of material accounting policies.

In our opinion, 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, 2025 and 2024, 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 2025 parent company only financial statements. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in

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

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

Intangible assets (including subsidiaries) - Impairment assessment of goodwill

Refer to Note 4(21) for the accounting policies on impairment of non-financial assets, and Notes 5(2) and 6(10) for the impairment assessment of goodwill including critical accounting estimates.

As at December 31, 2025, the balance of goodwill arising from the acquisitions by the Company and its subsidiaries is material, and the recoverable amount of goodwill, measured using the value-in-use method, amounted to NT$20,864,376 thousand. As the balance of goodwill is material, and the impairment assessment of goodwill is complex, has a high level of estimation uncertainty, and involves various assumptions which relies on management’s subjective judgment, the assessment of goodwill impairment has been identified as 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.

~3~

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 to NT$62,034,498 thousand and NT$49,145,952 thousand, constituting 14.75% and 13.73% of total assets as at December 31, 2025 and 2024, respectively, and the comprehensive income recognised from associates and joint ventures accounted for under the equity method amounted to NT$17,814,729 thousand and NT$10,737,793 thousand, constituting 31.71% and 22.77% 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.

~4~

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:

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;
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control;
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management;
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the parent company only financial statements or, if such

~5~

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

Evaluate the overall presentation, structure and content of the parent company only financial statements, including the disclosures, and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.

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

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

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

~6~

The parent company only financial statements of Delta Electronics, Inc. as at and for the year ended December 31, 2025 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 $31.430 to US$1.00 at December 31, 2025. This basis of translation is not in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Hsiao, Chun-Yuan Hsu, Sheng-Chung

for and on behalf of PricewaterhouseCoopers, Taiwan

February 25, 2026

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

As the financial statements are the responsibility of the management, PricewaterhouseCoopers, 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.

~7~

DELTA ELECTRONICS, INC.
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(EXPRESSED IN THOUSANDS OF DOLLARS)

Assets	Notes	US Dollars	New Taiwan Dollars
		December 31, 2025	December 31, 2025	December 31, 2024
Current assets
Cash and cash equivalents	6(1)	$ 283,122	$ 8,898,536	$ 3,332,125
Financial assets at fair value through profit or loss - current	6(2)	42,987	1,351,085	1,857,988
Financial assets at amortised cost - 8 current		4,142	130,196	62,309
Contract assets - current	6(20)	187,284	5,886,343	5,150,799
Notes receivable, net	6(4)	1,922	60,391	30,679
Accounts receivable, net	6(4)	365,844	11,498,467	7,187,901
Accounts receivable - related parties, net	7	912,203	28,670,543	12,288,145
Other receivables		27,998	879,960	248,170
Other receivables - related parties	7	18,962	595,984	304,547
Inventories	6(5)	478,489	15,038,905	9,491,488
Prepayments		46,236	1,453,192	1,181,811
Other current assets		57	1,793	1,815
Total current assets		2,369,246	74,465,395	41,137,777
Non-current assets
Financial assets at fair value through profit or loss - non-current	6(2)	1,388	43,638	33,356
Financial assets at fair value through other comprehensive income - non-current	6(3)	26,921	846,137	1,077,026
Contract assets - non-current	6(20)	7,813	245,571	412,265
Investments accounted for under the equity method	6(6)	9,308,998	292,581,806	272,713,311
Property, plant and equipment	6(7)	1,444,740	45,408,162	33,178,052
Right-of-use assets	6(8)	9,474	297,759	381,046
Investment property, net	6(9)	68,775	2,161,585	4,704,918
Intangible assets	6(10)	81,518	2,562,112	2,491,841
Deferred income tax assets	6(27)	33,971	1,067,722	1,178,567
Other non-current assets	6(4)(11) and 8	32,796	1,030,769	659,510
Total non-current assets		11,016,394	346,245,261	316,829,892
Total assets		$ 13,385,640	$ 420,710,656	$ 357,967,669

(Continued)

DELTA ELECTRONICS, INC.
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(EXRESSED IN THOUSANDS OF DOLLARS)

Liabilities and Equity	Notes	US Dollars	New Taiwan Dollars
		December 31, 2025	December 31, 2025	December 31, 2024
Current liabilities
Contract liabilities - current	6(20)	$ 42,749	$ 1,343,601	$ 2,358,762
Accounts payable		461,400	14,501,799	6,220,234
Accounts payable - related parties	7	560,722	17,623,480	7,956,713
Other payables	6(13)	930,245	29,237,595	22,358,432
Other payables - related parties	7	16,995	534,161	222,494
Current income tax liabilities		181,105	5,692,139	1,494,379
Long-term liabilities, current portion	6(14)(15)	463,437	14,565,833	5,970,000
Other current liabilities		45,508	1,430,305	1,069,179
Total current liabilities		2,702,161	84,928,913	47,650,193
Non-current liabilities
Bonds payable	6(14)	655,425	20,600,000	24,100,000
Long-term borrowings	6(15)	579,033	18,199,020	29,525,067
Deferred income tax liabilities	6(27)	742,615	23,340,381	21,660,730
Lease liabilities - non-current		9,039	284,103	323,272
Other non-current liabilities	6(16)	168,637	5,300,263	4,621,121
Total non-current liabilities		2,154,749	67,723,767	80,230,190
Total liabilities		4,856,910	152,652,680	127,880,383
Equity
Share capital	6(17)
Common stock		826,454	25,975,433	25,975,433
Capital surplus	6(18)
Capital surplus		1,752,214	55,072,097	55,097,489
Retained earnings	6(19)
Legal reserve		1,355,443	42,601,564	39,039,276
Special reserve		16,785	527,557	3,995,738
Unappropriated retained earnings		4,466,984	140,397,314	98,432,786
Other equity interest
Other equity interest		110,850	3,484,011	7,546,564
Total equity		8,528,730	268,057,976	230,087,286
Significant contingent liabilities and unrecorded contract commitments	9
Significant events after the balance sheet date	11
Total liabilities and equity		$ 13,385,640	$ 420,710,656	$ 357,967,669

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

DELTA ELECTRONICS, INC.
PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2025 AND 2024
(EXRESSED IN THOUSANDS OF DOLLARS, EXCEPT EARNINGS PER SHARE DATA)

Items	Notes	US Dollars		New Taiwan Dollars
		2025	2025	2024
Operating revenue	6(20) and 7	$ 4,875,436	$ 153,234,961	$ 91,960,194
Operating costs	6(5)(25)
	(26) and 7	( 2,887,792)	( 90,763,317)	( 56,474,122)
Gross profit		1,987,644	62,471,644	35,486,072
Operating expenses	6(25)(26)
Selling expenses		( 92,866)	( 2,918,778)	( 1,830,804)
General and administrative expenses		( 165,638)	( 5,205,996)	( 3,806,256)
Research and development expenses		( 779,960)	( 24,514,136)	( 20,683,613)
Expected credit impairment loss	12(2)	( 5,723)	( 179,878)	( 195,720)
Total operating expenses		( 1,044,187)	( 32,818,788)	( 26,516,393)
Operating profit		943,457	29,652,856	8,969,679
Non-operating income and expenses
Interest income	6(21)	4,198	131,953	95,440
Other income	6(22)	83,439	2,622,473	1,556,281
Other gains and losses	6(23)	334	10,483	( 1,176,563)
Finance costs	6(24)	( 42,441)	( 1,333,932)	( 1,241,985)
Share of profit of subsidiaries, associates and joint ventures accounted for under the equity method	6(6)	1,185,681	37,265,970	31,263,016
Total non-operating income and expenses		1,231,211	38,696,947	30,496,189
Profit before income tax		2,174,668	68,349,803	39,465,868
Income tax expense	6(27)	( 262,215)	( 8,241,404)	( 4,237,291)
Profit for the year		$ 1,912,453	$ 60,108,399	$ 35,228,577
Other comprehensive income (loss)
Components of other comprehensive income (loss) that will not be reclassified to profit or loss
Gain on remeasurements of defined benefit plans	6(16)	$ 3,370	$ 105,924	$ 299,186
Unrealised loss on valuation of equity investment at fair value through other comprehensive income	6(3)	( 7,346)	( 230,889)	( 275,159)
Share of other comprehensive income of subsidiaries, associates and joint ventures accounted for under the equity method that will not be reclassified to profit or loss		1,531	48,121	148,535
Income tax related to components of other comprehensive income that will not be reclassified to profit or loss	6(27)
Other comprehensive income (loss) that will not be reclassified to profit or loss		( 674)	( 21,185)	( 59,837)
Components of other comprehensive income (loss) that will be reclassified to profit or loss		3,119)	( 98,029)	112,725
Financial statements translation differences of foreign operations		( 273,299)	( 8,589,797)	13,593,485
Share of other comprehensive gain (loss) of subsidiaries, associates and joint ventures accounted for under the equity method that will be reclassified to profit or loss		148,736	4,674,781	( 1,045,919)
Income tax relating to the components of other comprehensive income that will be reclassified to profit or loss	6(27)
Other comprehensive income (loss) that will be reclassified to profit or loss		( 121,905)	( 3,831,485)	11,823,879
Other comprehensive income (loss) for the year		($ 125,024)	($ 3,929,514)	$ 11,936,604
Total comprehensive income for the year		$ 1,787,429	$ 56,178,885	$ 47,165,181
Earnings per share
Basic earnings per share	6(28)	$ 0.74	$ 23.14	$ 13.56
Diluted earnings per share	6(28)	$ 0.73	$ 23.08	$ 13.51

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

DELTA ELECTRONICS, INC.
PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(EXRESSED IN THOUSANDS OF DOLLARS)

			Retained Earnings			Other Equity Interest

	Notes	Share capital - common stock	Capital surplus	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
2024 New Taiwan Dollars
Balance at January 1, 2024		$ 25,975,433	$ 54,636,991	$ 35,674,625	$ 2,968,678	$ 83,903,789	($ 3,445,612 )	($ 680,043 )	$ 129,917
Profit for the year		-	-	-	-	35,228,577	-	-	35,228,577
Other comprehensive (loss) income for the year		-	-	-	-	393,243	11,823,879	( 280,518 )	11,936,604
Total comprehensive income (loss) for the year		-	-	-	-	35,621,820	11,823,879	( 280,518 )	47,165,181
Distribution of 2023 earnings	6(19)
Legal reserve appropriated		-	-	3,364,651	-	( 3,364,651 )	-	-	-
Special reserve appropriated		-	-	-	1,027,060	( 1,027,060 )	-	-	-
Cash dividends of ordinary share		-	-	-	-	( 16,702,171 )	-	-	( 16,702,171 )
Changes in ownership interests in subsidiaries		-	437,337	-	-	-	-	-	437,337
Disposal of financial assets at fair value through other comprehensive income by subsidiaries		-	-	-	-	1,059	-	( 1,059 )	-
Unclaimed dividends by shareholders		-	23,161	-	-	-	-	-	23,161
Balance at December 31, 2024		$ 25,975,433	$ 55,097,489	$ 39,039,276	$ 3,995,738	$ 98,432,786	$ 8,378,267	($ 961,620 )	$ 129,917
2025 New Taiwan Dollars
Balance at January 1, 2025		$ 25,975,433	$ 55,097,489	$ 39,039,276	$ 3,995,738	$ 98,432,786	$ 8,378,267	($ 961,620 )	$ 129,917
Profit for the year		-	-	-	-	60,108,399	-	-	60,108,399
Other comprehensive income (loss) for the year		-	-	-	-	133,039	( 3,831,977 )	( 231,068 )	492
Total comprehensive income (loss) for the year		-	-	-	-	60,241,438	( 3,831,977 )	( 231,068 )	492
Distribution of 2024 earnings	6(19)
Legal reserve appropriated		-	-	3,562,288	-	( 3,562,288 )	-	-	-
Special reserve reversed		-	-	-	( 3,468,181 )	3,468,181	-	-	-
Cash dividends of ordinary share		-	-	-	-	( 18,182,803 )	-	-	( 18,182,803 )
Changes in ownership interests in subsidiaries		-	( 7,510 )	-	-	-	-	-	( 7,510 )
Difference between consideration and carrying amount of subsidiaries acquired or disposed		-	( 21,417 )	-	-	-	-	-	( 21,417 )
Net amount of dividends unclaimed or claimed by shareholders after the due date		-	12	-	-	-	-	-	12
Others		-	3,523	-	-	-	-	-	3,523
Balance at December 31, 2025		$ 25,975,433	$ 55,072,097	$ 42,601,564	$ 527,557	$ 140,397,314	$ 4,546,290	($ 1,192,688 )	$ 268,057,976

(Continued)

DELTA ELECTRONICS, INC.

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY

YEARS ENDED DECEMBER 31, 2025 AND 2024

(EXPRESSED IN THOUSANDS OF DOLLARS)

			Retained Earnings			Other Equity Interest

	Notes	Share capital - common stock	Capital surplus	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
2025 U.S. Dollars
Balance at January 1, 2025		$ 826,454	$ 1,753,022	$ 1,242,103	$ 127,131	$ 3,131,809	$ 266,569	($ 30,595)	$ 4,133
Profit for the year		-	-	-	-	1,912,453	-	-	-
Other comprehensive income (loss) for the year		-	-	-	-	4,233	( 121,921 )	( 7,352 )	16
Total comprehensive income (loss) for the year		-	-	-	-	1,916,686	( 121,921 )	( 7,352 )	16
Distribution of 2024 earnings	6(19)
Legal reserve appropriated		-	-	113,340	-	( 113,340 )	-	-	-
Special reserve reversed		-	-	-	( 110,346 )	110,346	-	-	-
Cash dividends of ordinary share		-	-	-	-	( 578,517 )	-	-	( 578,517 )
Changes in ownership interests in subsidiaries		-	( 239 )	-	-	-	-	-	( 239 )
Difference between consideration and carrying amount of subsidiaries acquired or disposed		-	( 681 )	-	-	-	-	-	( 681 )
Net amount of dividends unclaimed or claimed by shareholders after the due date		-	-	-	-	-	-	-	-
Others		-	112	-	-	-	-	-	112
Balance at December 31, 2025		$ 826,454	$ 1,752,214	$ 1,355,443	$ 16,785	$ 4,466,984	$ 144,648	($ 37,947 )	$ 4,149

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

DELTA ELECTRONICS, INC.
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(EXRESSED IN THOUSANDS OF DOLLARS)

	Notes	US Dollars		New Taiwan Dollars
		2025		2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax for the year		$	2,174,668	$68,349,803	$39,465,868
Adjustments
Income and expenses having no effect on cash flows
Depreciation	6(7)(8)(9)
	(25)		106,849	3,358,280	2,895,403
Amortization	6(10)(25)		21,904	688,430	525,748
Expected credit impairment loss	12(2)		5,723	179,878	195,720
Interest expense	6(24)		42,441	1,333,932	1,241,985
Interest income	6(21)	(	4,198 ) (	131,953 ) (	95,440 )
Dividend income	6(22)	(	5,047 ) (	158,638 ) (	149,003 )
Share of profit of subsidiaries, associates and joint ventures accounted for under the equity method	6(6)	(	1,185,681 ) (	37,265,970 ) (	31,263,016 )
Net loss on financial assets at fair value through profit or loss	6(2)(23)		15,801	496,621	367,548
Loss on disposal of property, plant and equipment	6(23)		311	9,777	85,620
Gain on disposal of investments	6(23)			- (	1,054 )
Gain on disposal of intangible assets		(	589 ) (	18,496 )	-
Impairment loss on non-financial assets	6(6)(7)
	(23)		294	9,231	574,677
Changes in assets/liabilities relating to operating activities
Net changes in assets relating to operating activities
Contract assets		(	18,099 ) (	568,850 ) (	540,439 )
Notes receivable, net		(	945 ) (	29,712 ) (	5,866 )
Accounts receivable		(	142,871 ) (	4,490,444 ) (	967,997 )
Accounts receivable - related parties		(	521,234 ) (	16,382,398 ) (	3,478,095 )
Other receivables		(	20,062 ) (	630,532 )	20,642
Other receivables - related parties		(	9,273 ) (	291,437 )	94,583
Inventories		(	176,501 ) (	5,547,417 ) (	1,489,414 )
Prepayments		(	8,634 ) (	271,381 ) (	95,856 )
Other current assets			1	22 (	305 )
Other non-current assets		(	1418 ) (	44,552 ) (	4,399 )
Net changes in liabilities relating to operating activities
Contract liabilities		(	59,691 ) (	1,876,091 )	588,323
Accounts payable			263,492	8,281,565	2,211,388
Accounts payable - related parties			307,565	9,666,767	135,182
Other payables			219,798	6,908,266	2,142,880
Other payables - related parties			9,916	311,667	37,465
Other current liabilities			12,919	406,040	429,733
Other non-current liabilities			127,258	3,999,722	842,274
Cash inflow generated from operations			1,154,697	36,292,130	13,764,155
Interest received			4,158	130,695	94,356
Dividends received			474,464	14,912,407	12,997,445
Interest paid		(	43,323 ) (	1,361,626 ) (	1,169,342 )
Income taxes paid		(	69,690 ) (	2,190,371 ) (	2,801,232 )
Net cash flows from operating activities			1,520,306	47,783,235	22,885,382

(Continued)

DELTA ELECTRONICS, INC.
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(EXRESSED IN THOUSANDS OF DOLLARS)

	Notes	US Dollars		New Taiwan Dollars
		2025	2024	2025	2024
CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) decrease in financial assets at amortised cost		($ 2,614)	($ 82,163)	$ 4,593
Acquisition of investments accounted for under the equity method		( 106,734)	( 3,354,662)	( 213,261)
Proceeds from disposal of investments accounted for under the equity method		-	-	5,109
Acquisition of property, plant and equipment		( 400,623)	( 12,591,573)	( 5,690,722)
Proceeds from disposal of property, plant and equipment		2,478	77,891	15,062
Acquisition of intangible assets		( 40,490)	( 1,272,605)	( 1,469,374)
Proceeds from disposal of intangible assets		588	18,496	-
Acquisition of investment property	6(9)	-	-	( 4,738,692)
(Increase) decrease in other non-current assets		( 9,940)	( 312,431)	21,931
Net cash flows used in investing activities		( 557,335)	( 17,517,047)	( 12,065,354)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of bonds payable	6(29)	( 159,084)	( 5,000,000)	-
Proceeds from long-term borrowings	6(29)	2,649,148	83,262,706	80,115,894
Repayment of long-term borrowings	6(29)	( 3,022,365)	( 94,992,920)	( 74,008,275)
Lease principal repayment		( 1,990)	( 62,538)	( 88,693)
Cash dividends paid	6(19)	( 578,517)	( 18,182,803)	( 16,702,171)
Issuance of bonds payable	6(29)	334,076	10,500,000	-
(Decrease) increase in refundable deposits	6(29)	( 7,134)	( 224,222)	1,009,266
Net cash flows used in financing activities		( 785,866)	( 24,699,777)	( 9,673,979)
Net increase in cash and cash equivalents		177,105	5,566,411	1,146,049
Cash and cash equivalents at beginning of year		106,017	3,332,125	2,186,076
Cash and cash equivalents at end of year		$ 283,122	$ 8,898,536	$ 3,332,125

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

DELTA ELECTRONICS, INC.
NOTES TO THE PARENT COMPANY ONLY FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan Dollars, except as otherwise indicated)

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, electric vehicle power supply systems, industrial automation products, digital display products, information products, communication products, consumer electronics products, energy-saving lighting application, renewable energy applications, EV charging, energy technology services and consulting services of building management and control solutions, etc. The Company's mission statement, to provide innovative, clean and energy-efficient solutions for a better tomorrow, focuses on addressing key environmental issues such as global climate change. With the concern for the environment, the 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 segregated into power electronics business, mobility business, automation business, and infrastructure business.

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 25, 2026.

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 2025 are as follows:

New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IAS 21, ‘Lack of exchangeability’	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.

-15-

(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 effective from 2026 are as follows:

New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IFRS 9 and IFRS 7, ‘Amendments to the classification and measurement of financial instruments’	January 1, 2026
Amendments to IFRS 9 and IFRS 7, ‘Contracts referencing nature-dependent electricity’	January 1, 2026
IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendment to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 – comparative information’	January 1, 2023
Annual Improvements to IFRS Accounting Standards—Volume 11	January 1, 2026

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:

New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’	To be determined by International Accounting Standards Board January 1, 2027 (Note)
IFRS 18, ‘Presentation and disclosure in financial statements’	January 1, 2027
IFRS 19, ‘Subsidiaries without public accountability: disclosures’	January 1, 2027
Amendments to IAS 21, ‘Translation to a Hyperinflationary Presentation Currency’	January 1, 2027

Note : The FSC has announced in a press release on September 25, 2025 that public companies will apply IFRS 18 starting from the fiscal year 2028. Additionally, entities can choose to adopt IFRS 18 earlier based on their requirements after the FSC endorses IFRS 18.

Except for the influence of IFRS 18, ‘Presentation and disclosure in financial statements’ as described below, the above standards and interpretations have no significant impact to the Company’s financial condition and financial performance based on the Company’s assessment.

IFRS 18, ‘Presentation and disclosure in financial statements’ replaces IAS 1. The standard introduces a defined structure of the statement of profit or loss, disclosure requirements related to management-defined performance measures, and enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes.

~17~

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.

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 re-translated 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 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 that are expected to be realised, or are intended to be sold or consumed in the normal operating cycle;

-18-

(b) Assets held primarily for the purpose of trading;
(c) Assets that are expected to be realised within twelve months after the reporting period;
(d) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to settle liabilities for at least twelve months after the reporting period.

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 in the normal operating cycle;
(b) Liabilities arising primarily from trading activities;
(c) Liabilities that are due to be settled within twelve months after the reporting period;
(d) It does not have the right at the end of the reporting period to defer settlement of the liability at least twelve months after the reporting period.

(5) Cash equivalents

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

(6) 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.

(7) 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. Financial assets at fair value through other comprehensive income are initially recognised at fair value plus transaction costs. These financial assets are subsequently remeasured and stated at fair

-19-

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.

(8) 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.

(9) 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.

(10) 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.

(11) 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, the Company has not retained control of the financial asset.

(12) 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 direct costs and related production overheads (allocated based on normal operating capacity). However, borrowing costs are excluded. The item by item approach is used in applying the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated

~20~

cost of completion and applicable variable selling expenses.

(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 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

~21~

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 Company’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. At the balance sheet date, the Company performs an impairment test for an investment in an associate when there is an indication that the investment may be impaired. The entire carrying amount of the investment (including goodwill) is tested for impairment as a single asset, by comparing its recoverable amount (higher of value in use and fair value less costs of disposal) with its carrying amount. Any impairment loss recognised forms part of the carrying amount of the investment. Any reversal of impairment loss is recognised to the extent that the recoverable amount of the investment subsequently increases.

N. 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

-22-

consolidated financial statements. Owners' equity in the parent company only financial 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.

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.

-23-

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) Investment property

An investment property is stated initially at its cost and measured subsequently using the cost model. Except for land, investment property is depreciated on a straight-line basis over its estimated useful life of 33 to 50 years.

(18) 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, technical skill, technology authorization fees 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.

(19) 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.

~24~

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.

(20) 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.

(21) 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.

(22) Derecognition of financial liabilities

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

(23) 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.

(24) 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'.

(25) Employee benefits

A. Short-term employee benefits

Short-term employee benefits are the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in the balance sheet dates.

B. Pensions

(a) Defined contribution plan

Under 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.

-25-

(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 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' remuneration

Employees' compensation and directors' 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.

(26) 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

-26-

and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled.

D. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. At each balance sheet date, unrecognised and recognised deferred tax assets are reassessed.

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

(27) 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.

(28) 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.

(29) 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, 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.

~27~

(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 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.

(30) 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

-28-

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. Such assumptions and estimates have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year; and the related information is addressed below:

(1) The significant judgments involved in the adoption of accounting policies

Investment property

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

(2) 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 SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

	December 31, 2025	December 31, 2024
Cash on hand and revolving funds	$ 3,565	$ 2,839
Checking accounts and demand deposits	8,717,185	2,629,056
Time deposit	177,786	700,230
	$ 8,898,536	$ 3,332,125

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.

-29-

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

Items	December 31, 2025	December 31, 2024
Current items:
Financial assets mandatorily measured at fair value through profit or loss
Listed stocks	$ 900,000	$ 900,000
Valuation adjustment	451,085	957,988
	$ 1,351,085	$ 1,857,988
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
	39,994	39,994
Valuation adjustment	3,644	( 6,638)
	$ 43,638	$ 33,356

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

	Years ended December 31,
	2025	2024
Financial assets mandatorily measured at fair value through profit or loss
Equity instruments	($ 496,621)	($ 367,548)

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, 2025	December 31, 2024
Non-current items:
Equity instruments
Listed stocks	$ 1,608,699	$ 1,608,699
Unlisted stocks	177,204	177,204
	1,785,903	1,785,903
Valuation adjustment	( 939,766)	( 708,877)
	$ 846,137	$ 1,077,026

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 $846,137 and $1,077,026 as at December 31, 2025 and 2024, 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:

	Years ended December 31,
	2025	2024
Equity instruments at fair value through other comprehensive income
Fair value change recognised in other comprehensive income	($ 230,889)	($ 275,159)

C. As at December 31, 2025 and 2024, 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 $846,137 and $1,077,026, 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, 2025	December 31, 2024
Notes receivable	$ 60,391	$ 30,679
Accounts receivable	$ 11,912,453	$ 7,422,009
Less: Allowance for uncollectible accounts	( 413,986)	( 234,108)
	$ 11,498,467	$ 7,187,901
Overdue receivables
(shown as other non-current assets)	$ 15,766	$ 15,766
Less: Allowance for uncollectible accounts	( 15,766)	( 15,766)
	$ -	$ -

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

	December 31, 2025	December 31, 2024
Not past due	$ 9,783,601	$ 6,516,616
1 to 90 days	1,682,619	494,120
91 to 180 days	103,139	32
181 to 365 days	4,703	365,039
Over 366 days	338,391	46,202
	$ 11,912,453	$ 7,422,009

The above aging analysis was based on past due date.

B. As at December 31, 2025 and 2024, there was no notes receivable past due.

C. As at December 31, 2025 and 2024, accounts receivable and notes receivable were all from contracts with customers. As at January 1, 2024, the balance of receivables from contracts with customers amounted to $6,482,118.

D. The Company has no notes receivable and accounts receivable pledged to others as collateral.
E. As at December 31, 2025 and 2024, 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 and accounts receivable were their carrying amounts.
F. Information relating to credit risk is provided in Note 12(2).

(5) Inventories

	December 31, 2025
	Cost	Allowance for valuation loss	Book value
Raw materials	$ 7,356,532	($ 1,629,223)	$ 5,727,309
Work in process	1,183,838	-	1,183,838
Finished goods	7,001,238	( 1,391,870)	5,609,368
Inventory in transit	2,518,390	-	2,518,390
	$ 18,059,998	($ 3,021,093)	$ 15,038,905
	December 31, 2024
	Cost	Allowance for valuation loss	Book value
Raw materials	$ 6,878,545	($ 2,747,165)	$ 4,131,380
Work in process	1,110,070	-	1,110,070
Finished goods	4,663,720	( 1,178,615)	3,485,105
Inventory in transit	764,933	-	764,933
	$ 13,417,268	($ 3,925,780)	$ 9,491,488

The cost of inventories recognised as expense for the year:

	Years ended December 31,
	2025	2024
Cost of goods sold	$ 76,119,335	$ 45,609,855
(Gain on the recovery) loss on market value decline and obsolete and slow-moving inventories (Note)	( 508,189)	344,063
Others	( 167,548)	( 380,451)
	$ 75,443,598	$ 45,573,467

Note: Due to the realization of a portion of the Company’s inventory that had previously been written down, an inventory recovery gain was recognised.

(6) Investments accounted for under equity method

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

Investee	December 31, 2025		December 31, 2024
	Ownership (%)	Book value	Ownership (%)	Book value
Delta Electronics Int'l (Singapore)
Pte. Ltd. (DEIL-SG)	100.00	$ 99,296,751	100.00	$ 89,080,645
Delta International Holding Limited B.V. (DIH)	100.00	89,445,424	100.00	87,161,932
Delta Electronics (Netherlands)
B.V. (DEN)	100.00	45,893,270	100.00	38,894,661
Cyntec Co., Ltd. (Cyntec)	100.00	38,632,822	100.00	40,525,176
Delta Electronics (Thailand) Public Company Limited (DET) (Note 1)	5.54	7,280,226	5.54	6,314,187
Delta Electronics Capital Company (DECC)	100.00	4,738,421	100.00	4,993,215
Vivotek Inc. (Vivo)	56.88	4,206,943	56.75	4,386,888
Delta America Ltd. (DAL) (Note 2)	10.26	(796,834)	10.26	306,948
DelBio Inc. (DelBio)	100.00	100,675	100.00	106,654
Chunghwa SEA Holdings (Note 3)	44.00	7,836	44.00	7,981
Delmind Inc. (Note 3)	100.00	191,188	70.00	168,728
Ancora Semiconductors Inc.	68.33	268,281	67.02	57,002
Delta Energy Inc.	100.00	431,391	100.00	133,633
Atrust Computer Corporation	55.02	440,997	55.02	396,615
Power Forest Technology Corporation	37.96	49,622	20.40	17,971
MUSASHI DELTA E-AXLE INDIA PRIVATE LIMITED	34.00	131,984	34.00	160,114
Delta Holding Inc.	100.00	967	100.00	961
TwHealth Nexus Inc.	20.00	59,354	-	-
ACT Genomics Holdings Company Limited	100.00	2,202,488	-	-
		$ 292,581,806		$ 272,713,311

Note 1: The Company held 42.85% and 14.68% of the voting power of DET through DEIL-SG and DIH, respectively in 2025 and 2024.
Note 2: The Company held 89.74% of the voting power of DAL through DIH in 2025 and 2024.
Note 3: The entity is in liquidation.

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

Investee	2025	2024
DEIL-SG	$ 22,288,569	$ 19,163,451
DEN	6,463,801	5,785,573
DIH	5,038,319	2,253,926
Cyntec	2,549,183	3,111,393
DET	1,150,367	708,245
DECC	18,246	303,661
Vivo	( 67,066)	109,405
Ancora	( 157,132)	( 170,379)
Others	( 18,317)	( 2,259)
	$ 37,265,970	$ 31,263,016

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 2025 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(28) in the 2025 consolidated financial statements.

F. The subsidiary, Atrust Computer Corporation, failed to achieve the expected operating performance. Following a thorough assessment, it was determined that the recoverable amount was less than the carrying amount. Consequently, the Company recognised an impairment loss of $574,677 for the fiscal year 2024. For additional information, please refer to Note 6(23).

(7) Property, plant and equipment

At January 1, 2025	Land	Buildings and structures	Machinery equipment	Testing equipment	Others	Unfinished construction and equipment under acceptance	Total
Cost	$ 11,025,892	$ 24,846,176	$ 4,855,560	$ 7,762,922	$ 3,523,207	$ 488,840	$ 52,502,597
Accumulated depreciation and impairment	-	( 6,741,676)	( 3,395,302)	( 6,105,257)	( 3,082,310)	-	( 19,324,545)
	$ 11,025,892	$ 18,104,500	$ 1,460,258	$ 1,657,665	$ 440,897	$ 488,840	$ 33,178,052
2025
Opening net book amount	$ 11,025,892	$ 18,104,500	$ 1,460,258	$ 1,657,665	$ 440,897	$ 488,840	$ 33,178,052
Additions	6,764,892	1,256,994	475,481	1,649,735	431,415	2,500,888	13,079,405
Disposals	( 1,426)	( 119)	( 47,872)	( 20,272)	( 17,979)	-	( 87,668)
Transfers (Note 1)	1,769,372	1,650,689	30,739	129,124	68,462	( 1,142,528)	2,505,858
Depreciation charge	-	( 1,066,085)	( 634,860)	( 1,243,474)	( 313,835)	-	( 3,258,254)
Impairment loss (Note 2)	-	( 7,657)	( 163)	( 782)	( 629)	-	( 9,231)
Closing net book amount	$ 19,558,730	$ 19,938,322	$ 1,283,583	$ 2,171,996	$ 608,331	$ 1,847,200	$ 45,408,162
At December 31, 2025
Cost	$ 19,558,730	$ 27,118,215	$ 4,720,285	$ 9,120,217	$ 3,772,591	$ 1,847,200	$ 66,137,238
Accumulated depreciation and impairment	-	( 7,179,893)	( 3,436,702)	( 6,948,221)	( 3,164,260)	-	( 20,729,076)
	$ 19,558,730	$ 19,938,322	$ 1,283,583	$ 2,171,996	$ 608,331	$ 1,847,200	$ 45,408,162

Note 1: The balance arises from a transfer from investment property.
Note 2: An impairment loss was recognised for certain buildings, machinery and equipment, and testing equipment that were idle and had no disposal value. For additional information, please refer to Note 6(23).

At January 1, 2024	Land	Buildings and structures	Machinery equipment	Testing equipment	Others	Unfinished construction and equipment under acceptance	Total
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
2024
Opening net book amount	$ 10,629,241	$ 13,030,848	$ 1,460,928	$ 1,515,371	$ 354,043	$ 3,147,691	$ 30,138,122
Additions	396,651	1,213,088	576,423	949,424	280,417	2,499,180	5,915,183
Disposals	-	( 92,104)	( 1,982)	( 340)	( 6,256)	-	( 100,682)
Transfers	-	4,812,434	93,834	171,238	80,525	( 5,158,031)	-
Depreciation charge	-	( 859,766)	( 668,945)	( 978,028)	( 267,832)	-	( 2,774,571)
Closing net book amount	$ 11,025,892	$ 18,104,500	$ 1,460,258	$ 1,657,665	$ 440,897	$ 488,840	$ 33,178,052
At December 31, 2024
Cost	$ 11,025,892	$ 24,846,176	$ 4,855,560	$ 7,762,922	$ 3,523,207	$ 488,840	$ 52,502,597
Accumulated depreciation and impairment	-	( 6,741,676)	( 3,395,302)	( 6,105,257)	( 3,082,310)	-	( 19,324,545)
	$ 11,025,892	$ 18,104,500	$ 1,460,258	$ 1,657,665	$ 440,897	$ 488,840	$ 33,178,052

A. The Company's property, plant and equipment are mainly owner-occupied.
B. No interest expense was capitalised on property, plant and equipment.

(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:

	December 31, 2025	December 31, 2024
	Book value	Book value
Land	$ 279,911	$ 295,214
Buildings and structures	12,635	81,309
Transportation equipment	2,713	3,652
Other equipment	2,500	871
	$ 297,759	$ 381,046
	Years ended December 31,
	2025	2024
	Depreciation charge	Depreciation charge
Land	$ 15,295	$ 16,190
Buildings and structures	43,759	66,967
Transportation equipment	2,471	2,821
Other equipment	1,026	1,080
	$ 62,551	$ 87,058

C. For the years ended December 31, 2025 and 2024, the additions to right-of-use assets were $8,733 and $14,036, respectively.

D. Information on profit or loss in relation to lease contracts is as follows:

	Years ended December 31,
	2025	2024
Items affecting profit or loss
Interest expense on lease liabilities	$ 6,428	$ 7,791
Expense on short-term lease contracts	$ 223,106	$ 141,256

E. For the years ended December 31, 2025 and 2024, the Company's total cash outflow for leases were $292,072 and $237,740, 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 assessment.

(9) Investment property

	2025
At January 1	Land	Buildings and structures	Total
Cost	$ 3,307,368	$ 1,431,324	$ 4,738,692
Accumulated depreciation and impairment	-	( 33,774)	( 33,774)
	$ 3,307,368	$ 1,397,550	$ 4,704,918
Opening net book amount as at January 1	$ 3,307,368	$ 1,397,550	$ 4,704,918
Depreciation	-	( 37,475)	( 37,475)
Transfers (Note)	( 1,769,372)	( 736,486)	( 2,505,858)
Closing net book amount as at December 31	$ 1,537,996	$ 623,589	$ 2,161,585
At December 31
Cost	$ 1,537,996	$ 659,115	$ 2,197,111
Accumulated depreciation and impairment	-	( 35,526)	( 35,526)
	$ 1,537,996	$ 623,589	$ 2,161,585

Note: In the fourth quarter of 2025, as self-use exceeds 20%, it was transferred to property, plant and equipment.

	2024
At January 1	Land	Buildings and structures	Total
Cost	$ -	$ -	$ -
Accumulated depreciation and impairment	-	-	-
	$ -	$ -	$ -
Opening net book amount as at January 1	$ -	$ -	$ -
Additions - Originating from purchases	3,307,368	1,431,324	4,738,692
Depreciation	-	(33,774)	(33,774)
Closing net book amount as at December 31	$ 3,307,368	$ 1,397,550	$ 4,704,918
At December 31
Cost	$ 3,307,368	$ 1,431,324	$ 4,738,692
Accumulated depreciation and impairment	-	(33,774)	(33,774)
	$ 3,307,368	$ 1,397,550	$ 4,704,918

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

	2025	2024
Rental income from investment property	$ 71,493	$ 68,666
Direct operating expenses arising from the investment property that generated rental income during the year	$ 30,652	$ 28,762
Direct operating expenses arising from the investment property that did not generate rental income during the year	$ 6,823	$ 5,012

B. As of December 31, 2025 and 2024, the fair value of the Company's investment property amounted to $2,552,901 and $4,874,307, respectively, which was valued based on self-assessment based on transaction trends in nearby areas and the assessment results of the professional appraisers.

(10) Intangible assets

At January 1, 2025	Trademarks	Patents	Goodwill	Technical Skill	Others	Total
Cost	$ 386,823	$ 114,424	$ 423,438	$ 769,014	$ 2,119,256	$ 3,812,955
Accumulated amortisation and impairment	-	( 48,323)	( 423,438)	( 32,042)	( 817,311)	( 1,321,114)
	$ 386,823	$ 66,101	$ -	$ 736,972	$ 1,301,945	$ 2,491,841
2025
Opening net book amount	$ 386,823	$ 66,101	$ -	$ 736,972	$ 1,301,945	$ 2,491,841
Additions	-	24,131	-	-	734,570	758,701
Amortisation	-	( 14,338)	-	( 38,451)	( 635,641)	( 688,430)
Closing net book amount	$ 386,823	$ 75,894	$ -	$ 698,521	$ 1,400,874	$ 2,562,112
At December 31, 2025
Cost	$ 386,823	$ 131,541	$ 423,438	$ 769,014	$ 2,853,326	$ 4,564,142
Accumulated amortisation and impairment	-	( 55,647)	( 423,438)	( 70,493)	( 1,452,452)	( 2,002,030)
	$ 386,823	$ 75,894	$ -	$ 698,521	$ 1,400,874	$ 2,562,112
At January 1, 2024	Trademarks	Patents	Goodwill	Technical Skill	Others	Total
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
2024
Opening net book amount	$ 386,823	$ 60,406	$ -	$ -	$ 409,401	$ 856,630
Additions	-	19,645	-	769,014	1,372,300	2,160,959
Amortisation	-	( 13,950)	-	( 32,042)	( 479,756)	( 525,748)
Closing net book amount	$ 386,823	$ 66,101	$ -	$ 736,972	$ 1,301,945	$ 2,491,841
At December 31, 2024
Cost	$ 386,823	$ 114,424	$ 423,438	$ 769,014	$ 2,119,256	$ 3,812,955
Accumulated amortisation and impairment	-	( 48,323)	( 423,438)	( 32,042)	( 817,311)	( 1,321,114)
	$ 386,823	$ 66,101	$ -	$ 736,972	$ 1,301,945	$ 2,491,841

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

	Years ended December 31,
	2025	2024
Operating costs	$ 2,366	$ 2,528
Selling expenses	49	197
Administrative expenses	231,057	139,774
Research and development expenses	454,958	383,249
	$ 688,430	$ 525,748

B. The Company acquired registered or under-application trademark rights such as QUMI, Vivitek, Vivitek, 麗訊 and 丽讯. 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. Trademarks with indefinite useful lives are allocated as follows to the Company's cash-generating units identified according to operating segment:

	December 31, 2025	December 31, 2024
Trademarks:
Infrastructure business	$ 386,823	$ 386,823

D. Trademarks with indefinite useful lives are allocated to the Company's cash-generating units identified according to operating segment. The recoverable amount of all cash-generating 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 value-in-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.

(11) Other non-current assets

	December 31, 2025	December 31, 2024
Prepayments for business facilities	$ 748,071	$ 490,888
Financial assets at amortised cost - non-current	135,274	120,998
Guarantee deposits paid	80,347	24,610
Cash surrender value of life insurance	11,019	11,508
Others	56,058	11,506
	$ 1,030,769	$ 659,510

(12) Short-term borrowings

Type of borrowings	December 31, 2025	December 31, 2024
Credit lines	$ 3,945,403	$ 4,076,570

(13) Other payables

	December 31, 2025	December 31, 2024
Salary, bonus and compensation payable	$ 23,785,934	$ 17,262,615
Others	5,451,661	5,095,817
	$ 29,237,595	$ 22,358,432

(14) Bonds payable

	December 31, 2025	December 31, 2024
Domestic unsecured corporate bonds	$ 34,600,000	$ 29,100,000
Less: Current portion	( 14,000,000)	( 5,000,000)
	$ 20,600,000	$ 24,100,000

The Company issued domestic unsecured ordinary corporate bonds during the year ended December 31, 2025. The main conditions are as follows:

Issuance	Type of bonds	Issuance period	Total issuance amount	Coupon rate	Repayment term
First issuance in 2022	Tranche A	April 2022 - April 2027	$ 5,900,000	0.85%	Principal is repayable at maturity and interest is repayable annually
First issuance in 2022	Tranche B	April 2022 - April 2029	700,000	0.90%	〃
First issuance in 2023		January 2023 - January 2026	5,000,000	1.83%	〃
Second issuance in 2023	Tranche A	April 2023 - April 2026	3,000,000	1.43%	〃
Second issuance in 2023	Tranche B	April 2023 - April 2028	3,500,000	1.53%	〃
Third issuance in 2023		June 2023 - June 2026	6,000,000	1.49%	〃
First issuance in 2025	Tranche A	August 2025-August 2027	5,500,000	1.75%	〃
Firstissuance in 2025	Tranche B	August 2025-August 2028	5,000,000	1.82%	〃

(15) Long-term borrowings

Type of borrowings	December 31, 2025	December 31, 2024
Credit loans	$ 18,764,853	$ 30,495,067
Less: Current portion	( 565,833)	( 970,000)
	$ 18,199,020	$ 29,525,067
Credit lines	$ 87,812,094	$ 83,057,652
Interest rate range	1.72%~4.41%	1.455%~5.21%

As at December 31, 2025, the revolving loans of $18,199,020 can be drawn down during the period from January 3, 2025 to October 27, 2027 and are payable before the due date under the agreement.

(16) 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, 2025	December 31, 2024
Present value of defined benefit obligations	($ 3,015,751)	($ 3,147,180)
Fair value of plan assets	2,489,286	2,280,324
Net defined benefit liability (shown as other non-current liabilities)	($ 526,465)	($ 866,856)

	Present value of defined benefit obligations	Fair value of plan assets	Net defined benefit liability
Year ended December 31, 2025
Balance at January 1	($ 3,147,180)	$ 2,280,324	($ 866,856)
Current service cost	( 19,038)	-	( 19,038)
Interest (expense) income	( 48,960)	35,429	( 13,531)
Past service cost	1,762	-	1,762
	( 3,213,416)	2,315,753	( 897,663)
Remeasurements:
Return on plan assets
(excluding amounts included in interest income or expense)	-	161,462	161,462
Change in financial assumptions	( 47,845)	-	( 47,845)
Change in demographic assumptions	( 127)	-	( 127)
Experience adjustments	( 7,566)	-	( 7,566)
	( 55,538)	161,462	105,924
Pension fund contribution	-	241,851	241,851
Paid pension	253,203	( 229,780)	23,423
Balance at December 31	($ 3,015,751)	$ 2,489,286	($ 526,465)
	Present value of defined benefit obligations	Fair value of plan assets	Net defined benefit liability
Year ended December 31, 2024
Balance at January 1	($ 3,348,783)	$ 2,058,265	($ 1,290,518)
Current service cost	( 22,224)	-	( 22,224)
Interest (expense) income	( 40,815)	24,953	( 15,862)
Past service cost	5,074	-	5,074
	( 3,406,748)	2,083,218	( 1,323,530)
Remeasurements:
Return on plan assets
(excluding amounts included in interest income or expense)	-	188,065	188,065
Change in financial assumptions	94,378	-	94,378
Change in demographic assumptions	465	-	465
Experience adjustments	16,278	-	16,278
	111,121	188,065	299,186
Pension fund contribution	-	149,880	149,880
Paid pension	148,447	( 140,839)	7,608
Balance at December 31	($ 3,147,180)	$ 2,280,324	($ 866,856)

(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-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitization products, etc.). With regard to the utilisation of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. If the earnings is less than aforementioned rates, government shall make payment for the deficit after being authorized by the Regulator. The Company 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, 2025 and 2024 is given in the Annual Labor Retirement Fund Utilisation Report announced by the government.

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

	Years ended December 31,
	2025	2024
Discount rate	1.40%	1.60%
Future salary increases rate	3.00%	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:

	Discount rate		Future salary increases rate
	Increase 0.25%	Decrease 0.25%	Increase 0.25%	Decrease 0.25%
December 31, 2025
Effect on present value of defined benefit obligation	($ 59,585)	$ 61,525	$ 59,442	($ 57,878)
December 31, 2024
Effect on present value of defined benefit obligation	($ 64,701)	$ 66,851	$ 64,751	($ 63,004)

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, 2026 amount to $41,273.
(g) As at December 31, 2025, the weighted average duration of the retirement plan is 8 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, 2025 and 2024 were $723,170 and $668,255, respectively.

(17) 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, 2025, 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.

~46~

(c) Distribution of dividends, preemptive rights and other rights
Distribution of dividends, preemptive rights and other rights and interests of GDR units bear the same rights as common shares.

(d) After considering the stock dividend distribution year by year, as at December 31, 2025, there were 210 thousand units outstanding, representing 1,052 thousand common shares of the Company’s common stock.

(18) 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.

(19) 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.

~47~

C. (a) In accordance with the regulations, the Company shall set aside special reserve from the debit balance on other equity items at the balance sheet date before distributing earnings. When debit balance on other equity items is reversed subsequently, the reversed amount could be included in the distributable earnings.

(b) The amounts previously set aside by the Company as special reserve on initial application of IFRSs in accordance with Order No. Financial-Supervisory-Securities-Corporate-1090150022, dated March 31, 2021, shall be reversed proportionately when the relevant assets are used, disposed of or reclassified subsequently. Such amounts are reversed upon disposal or reclassified if the assets are investment property of land, and reversed over the use period if the assets are investment property other than land.

D. The appropriations of 2024 and 2023 earnings had been approved by the shareholders during their meeting on May 29, 2025 and May 30, 2024, respectively. Details are summarised below:

	Years ended December 31,
	2024		2023
	Amount	Dividends per share (in dollars)	Amount	Dividends per share (in dollars)
Legal reserve appropriated	$ 3,562,288		$ 3,364,651
Special reserve (reversed) appropriated	( 3,468,181)		1,027,060
Cash dividends (Note)	18,182,803	$ 7.00	16,702,204	$ 6.43

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 2025 earnings had been proposed by the Board of Directors on February 25, 2026. Details are summarised below:

	Year ended December 31, 2025
	Amount	Dividends per share (in dollars)
Legal reserve appropriated	$ 6,024,144
Cash dividends	30,131,503	$ 11.60

As at February 25, 2026, the above-mentioned 2025 earnings appropriations have not yet been approved by the stockholders.

(20) Operating revenue

	Years ended December 31,
	2025	2024
Revenue from contracts with customers	$ 153,234,961	$ 91,960,194

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:

	Year ended December 31, 2025
	Power electronics	Mobility	Automation	Infrastructure	Others	Total
Revenue from external customer contracts	$ 18,037,663	$ 1,078,005	$ 10,796,019	$ 97,705,791	$ 25,617,483	$ 153,234,961
Timing of revenue recognition
At a point in time	10,664,368	206,964	8,191,100	92,475,024	326,150	111,863,606
Over time	7,373,295	871,041	2,604,919	5,230,767	25,291,333	41,371,355
	$ 18,037,663	$ 1,078,005	$ 10,796,019	$ 97,705,791	$ 25,617,483	$ 153,234,961
	Year ended December 31, 2024
	Power electronics	Mobility	Automation	Infrastructure	Others	Total
Revenue from external customer contracts	$ 19,430,168	$ 1,123,653	$ 10,536,891	$ 38,385,854	$ 22,483,628	$ 91,960,194
Timing of revenue recognition
At a point in time	11,280,931	168,269	7,917,723	34,814,398	855,492	55,036,813
Over time	8,149,237	955,384	2,619,168	3,571,456	21,628,136	36,923,381
	$ 19,430,168	$ 1,123,653	$ 10,536,891	$ 38,385,854	$ 22,483,628	$ 91,960,194

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

The Company recognised revenue from the beginning balance of contract liability, which amounted to $1,988,763 and $2,148,095 for the years ended December 31, 2025 and 2024, respectively.

(21) Interest income

	Years ended December 31,
	2025	2024
Interest income from bank deposits	$ 131,953	$ 95,440
(22) Other income
	Years ended December 31,
	2025	2024
Sample sales income	$ 271,367	$ 111,712
Testing fee income	218,570	70,890
Rental income	212,234	160,925
Dividend income	158,638	149,003
Mold fee income	53,594	41,390
Others	1,708,070	1,022,361
	$ 2,622,473	$ 1,556,281

(23) Other gains and losses

Years ended December 31,
	2025	2024
Loss on disposal of property, plant and equipment	($ 9,777)	($ 85,620)
Gains on disposals of investments	-	1,054
Net currency exchange gain	840,634	64,914
Loss on financial assets at fair value through profit or loss	( 496,621)	( 367,548)
Impairment loss on non-financial assets	( 9,231)	( 574,677)
Miscellaneous expenses	( 314,522)	( 214,686)
	$ 10,483	($ 1,176,563)

(24) Finance costs

Years ended December 31,
	2025	2024
Interest expense	$ 1,333,932	$ 1,241,985

(25) Expenses by nature

Years ended December 31,
	2025	2024
Employee benefit expense	$ 30,930,153	$ 24,562,396
Depreciation charges on property, plant and equipment	3,258,254	2,774,571
Depreciation charges on right-of-use assets	62,551	87,058
Depreciation charges on investment property	37,475	33,774
Amortisation charges on intangible assets	688,430	525,748
	$ 34,976,863	$ 27,983,547

(26) Employee benefit expense

Years ended December 31,
	2025	2024
Post-employment benefits
Defined contribution plan	$ 723,170	$ 668,255
Defined benefit plan	30,807	33,012
	753,977	701,267
Other employee benefits	30,176,176	23,861,129
	$ 30,930,153	$ 24,562,396

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, of which at least 4% shall be set aside for entry-level employees, 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.

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 $3 \sim 5\%$ 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, 2025 and 2024, employees' compensation were accrued at $5,710,298 and $3,346,715, respectively; while directors' remuneration (including the estimated amount for the long-term incentive plan) were accrued at $107,700 and $108,927, 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 2025 and 2024.

For the year ended December 31, 2025, 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 $5,710,298 and directors' remuneration of $104,680 (including the long-term incentive plan) for 2025 were resolved by the Board of Directors on February 25, 2026.

Employees' compensation as resolved by the Board of Directors was in agreement with the amount recognised in the 2025 financial statements. The difference between directors' remuneration resolved by the Board of Directors and the amount recognised in the 2025 financial

~51~

statements had been accounted for as change in accounting estimate and recognised in profit or loss for 2026.

The employees' compensation of $3,346,715 and directors' remuneration of $177,542 for 2024 were resolved by the Board of Directors on February 26, 2025. Employees' compensation as resolved by the Board of Directors was in agreement with the amount recognised in the 2024 financial statements. The difference between directors' remuneration resolved by the Board of Directors and the amount recognised in the 2024 financial statements had been accounted for as change in accounting estimate and recognised in profit or loss for 2025.

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.

(27) Income tax

A. Income tax expense

(a) Components of income tax expense:

	Years ended December 31,
	2025	2024
Current tax:
Current tax on profits for the year	$ 6,533,576	$ 2,653,337
Tax on undistributed surplus earnings	528,244	400,566
Prior year income tax overestimation	( 673,689)	( 1,212,171)
Total current tax	6,388,131	1,841,732
Deferred tax:
Origination and reversal of temporary differences	1,853,273	2,395,559
Income tax expense	$ 8,241,404	$ 4,237,291

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

	Years ended December 31,
	2025	2024
Remeasurement of defined benefit plan	$ 21,185	$ 59,837
Gain or loss on hedging instruments	( 492)	-
Translation difference on investments accounted for using equity method	( 3,942)	-
Currency translation differences	( 79,097)	723,687
	($ 62,346)	$ 783,524

B. Reconciliation between income tax expense and accounting profit:

	Years ended December 31,
	2025	2024
Tax calculated based on profit before tax and statutory tax rate	$ 13,669,960	$ 7,893,174
Effects from items adjusted in accordance with tax regulations	( 3,876,158)	( 1,592,027)
Effect from investment tax credits	( 1,406,953)	( 1,252,251)
Prior year income tax overestimation	( 673,689)	( 1,212,171)
Tax on undistributed surplus earnings	528,244	400,566
Income tax expense	$ 8,241,404	$ 4,237,291

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

	2025
	January 1	Recognised in profit or loss	Recognised in other comprehensive income	Recognised in equity	December 31
Deferred tax assets:
- Temporary differences:
Allowance for inventory obsolescence	$ 734,326	($ 180,937)	$ -	$ -	$ 553,389
Pension liability	168,611	( 46,893)	( 21,185)	-	100,533
Assets impairment	12,834	274	-	-	13,108
Others	262,796	137,896	-	-	400,692
	1,178,567	( 89,660)	( 21,185)	-	1,067,722
Deferred tax liabilities:
- Temporary differences:
Land value increment tax	( 119,862)	-	-	-	( 119,862)
Long-term equity investments	( 21,197,183)	( 1,376,555)	83,531	461	( 22,489,746)
Others	( 343,685)	( 387,058)	-	( 30)	( 730,773)
	( 21,660,730)	( 1,763,613)	83,531	431	( 23,340,381)
	($ 20,482,163)	($ 1,853,273)	$ 62,346	$ 431	($ 22,272,659)

	2024
	January 1	Recognised in profit or loss	Recognised in other comprehensive income	Recognised in equity	December 31
Deferred tax assets:
- Temporary differences:
Allowance for inventory obsolescence	$ 804,621	($ 70,295)	$ -	$ -	$ 734,326
Pension liability	253,343	( 24,895)	( 59,837)	-	168,611
Assets impairment	12,854	( 20)	-	-	12,834
Others	179,029	83,767	-	-	262,796
	1,249,847	( 11,443)	( 59,837)	-	1,178,567
Deferred tax liabilities:
- Temporary differences:
Land value increment tax	( 119,862)	-	-	-	( 119,862)
Long-term equity investments	( 18,100,331)	( 2,768,024)	( 723,687)	394,859	( 21,197,183)
Others	( 727,593)	383,908	-	-	( 343,685)
	( 18,947,786)	( 2,384,116)	( 723,687)	394,859	( 21,660,730)
	($ 17,697,939)	($ 2,395,559)	($ 783,524)	$ 394,859	($ 20,482,163)

(28) Earnings per share

	Year ended December 31, 2025
	Amount after tax	Weighted average number of ordinary shares outstanding (shares in thousands)	Earnings per share (in dollars)
Basic earnings per share
Profit attributable to ordinary shareholders of the parent	$60,108,399	2,597,543	$23.14
Diluted earnings per share
Profit attributable to ordinary shareholders of the parent	$60,108,399	2,597,543
Assumed conversion of all dilutive potential ordinary shares:
Employees’ compensation	-	7,260
Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares	$60,108,399	2,604,803	$23.08
	Year ended December 31, 2024
	Amount after tax	Weighted average number of ordinary shares outstanding (shares in thousands)	Earnings per share (in dollars)
Basic earnings per share
Profit attributable to ordinary shareholders of the parent	$35,228,577	2,597,543	$13.56
Diluted earnings per share
Profit attributable to ordinary shareholders of the parent	$35,228,577	2,597,543
Assumed conversion of all dilutive potential ordinary shares:
Employees’ compensation	-	9,573
Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares	$35,228,577	2,607,116	$13.51

(29) Changes in liabilities from financing activities

	Guarantee deposits received	Bonds payable (Note)	Long-term borrowings (Note)	Liabilities from financing activities-gross
At January 1, 2025	$ 1,070,066	$ 29,100,000	$ 30,495,067	$ 60,665,133
Changes in cash flow from financing activities	( 224,222)	5,500,000	( 11,730,214)	( 6,454,436)
At December 31, 2025	$ 845,844	$ 34,600,000	$ 18,764,853	$ 54,210,697
	Guarantee deposits received	Bonds payable (Note)	Long-term borrowings (Note)	Liabilities from financing activities-gross
At January 1, 2024	$ 60,800	$ 29,100,000	$ 24,387,448	$ 53,548,248
Changes in cash flow from financing activities	1,009,266	-	6,107,619	7,116,885
At December 31, 2024	$ 1,070,066	$ 29,100,000	$ 30,495,067	$ 60,665,133

Note: Includes current portion.

RELATED PARTY TRANSACTIONS

(1) Names and relationship of related parties

Names of related parties	Relationship with the Company
Delta Electronics Int'l (Singapore) Pte. Ltd. (DEIL-SG)	Subsidiary
DEI Logistics (USA) Corp. (ALI)	"
Delta Electronics (Americas) Ltd. (DEA)	"
Delta Electronics (Thailand) Public Company Limited (DET)	"
Cyntec Co., Ltd. (Cyntec)	"
Delta Electronics (Japan), Inc. (DEJ)	"
VIVOTEK INC.	"
Delta Electronics (Netherlands) B.V. (DEN)	"
DELTA ELECTRONICS (USA) INC. (DEUS)	"
Digital Projection Asia Pte Ltd.	Associate
Delta Networks (Xiamen) Ltd.	"
Delta Electronics Foundation	Half of the entity’s directors are the same as those of the Company (Note)

Note: Due to the re-election of the board of directors in September 2025, the entity is no longer considered a related party, as the number of identical directors no longer constitutes a majority.

(2) Significant transactions and balances with related parties

A. Operating revenue

	Years ended December 31,
	2025	2024
Sales of goods:
Subsidiaries
DEUS	$ 26,566,674	$ 2,150,528
DEA	23,666,226	11,433,964
ALI	10,339,787	5,737,758
Others	8,461,458	4,039,741
Associates	13,019	1,002
	$ 69,047,164	$ 23,362,993
	Years ended December 31,
	2025	2024
Sales of services and others:
Subsidiaries
DEIL-SG	$ 24,678,891	$ 21,082,974
DET	9,559,250	10,250,617
Others	2,131,018	2,066,756
	$ 36,369,159	$ 33,400,347

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.

B. Purchases

	Years ended December 31,
	2025	2024
Purchases of goods:
Subsidiaries
DEIL-SG	$ 32,312,668	$ 21,402,661
Others	3,129,410	728,192
Associates	2,544	28,774
Purchases of services and others:
Subsidiaries	3,274,868	3,043,529
	$ 38,719,490	$ 25,203,156

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

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

	December 31, 2025	December 31, 2024
Receivables from related parties:
Subsidiaries
DEUS	$ 10,334,802	$ 1,958,490
DEA	7,707,057	3,879,789
DEIL-SG	2,614,729	2,634,228
DEN	2,347,126	67,202
ALI	1,988,212	1,214,964
DET	1,575,678	1,366,049
Others	2,102,939	1,167,423
	$ 28,670,543	$ 12,288,145

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. No allowance for doubtful accounts was recognised.

D. Year-end balances arising from purchases of goods

	December 31, 2025	December 31, 2024
Payables to related parties:
Subsidiaries
DEIL-SG	$ 15,560,374	$ 6,894,975
Others	2,063,057	1,060,596
Associates	49	1,142
	$ 17,623,480	$ 7,956,713

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.

E. Year-end balances arising from other transactions

	December 31, 2025	December 31, 2024
Other receivables-related parties
Subsidiaries
DEIL-SG	$ 448,878	$ 236,352
ALI	72,451	32,217
DEJ	25,545	12,433
Others	49,110	23,545
	$ 595,984	$ 304,547

The above pertain mainly to payments on behalf of others.

-60-

Other payables-related parties:

Subsidiaries
DEA $ 165,768 $ 74,448
DEIL-SG 118,054 13,978
Others 249,395 133,473
Associates 944 595
$ 534,161 $ 222,494

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

F. Property transactions

Disposal of other assets

	Accounts	Year ended December 31, 2025		Year ended December 31, 2024
		Disposal proceeds	Gain on disposal	Disposal proceeds	Gain on disposal
Associate	Patents	$ 18,050	$ 18,050	$ -	$ -
	Trademarks	446	446	-	-
		$ 18,496	$ 18,496	$ -	$ -

The consideration for the disposal has been fully received; the gains or losses from the disposal are expressed in full (including gains or losses that should be deferred).

(3) Key management compensation

	Years ended December 31,
	2025	2024
Salaries and other short-term employee benefits	$ 595,862	$ 434,869
Post-employment benefits	978	955
	$ 596,840	$ 435,824

PLEDGED ASSETS

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

Pledged assets	Book Value		Pledge purpose
	December 31, 2025	December 31, 2024
Time deposits (shown as financial assets at amortised cost - current)	$ 130,196	$ 62,309	Warranty guarantee
Time deposits (shown as other non-current assets)	135,274	120,998	"
	$ 265,470	$ 183,307

SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS

(1) Contingencies

None.

~61~

(2) Commitments

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

	December 31, 2025	December 31, 2024
Costs of computer software	$ 201,267	$ 209,944
Property, plant and equipment	1,586,816	2,877,706
	$ 1,788,083	$ 3,087,650

B. To strengthen the Group’s internal resource integration and enhance overall operating capacity, on December 1, 2025, the Company’s Board of Directors resolved to acquire all remaining outstanding shares of Vivotek Inc. (“Vivotek”), of which the Company owns 56.88% shares, for a cash consideration of NT$100 per share of Vivotek’s ordinary shares. The consideration shall be fully paid in cash within seven business days following the effective date for the share exchange of March 27, 2026.

SIGNIFICANT DISASTER LOSS

None.

SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

Information about the appropriation of 2025 earnings of the Company is provided in Note 6(19) E.

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), bonds payable (including current portion), 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.

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, EUR, THB and GBP. 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:

	December 31, 2025
	Foreign currency amount (in thousands)	Exchange rate	Book value (NTD)
(Foreign currency: functional currency)
Financial assets
Monetary items
USD:NTD	$ 1,370,475	31.430	$ 43,074,034
EUR:NTD	13,960	36.900	515,133
Non-monetary items
USD:NTD	$ 7,510,057	31.430	$ 236,041,099
THB:NTD	7,266,420	1.0019	7,280,226
Financial liabilities
Monetary items
USD:NTD	$ 1,096,208	31.430	$ 34,453,806

-63-

	December 31, 2024
	Foreign currency amount (in thousands)	Exchange rate	Book value (NTD)
(Foreign currency: functional currency)
Financial assets
Monetary items
USD:NTD	$ 586,045	32.785	$ 19,213,497
GBP:NTD	17,222	41.190	709,374
Non-monetary items
USD:NTD	$ 6,571,426	32.785	$ 215,444,186
THB:NTD	6,561,558	0.9623	6,314,187
Financial liabilities
Monetary items
USD:NTD	$ 606,703	32.785	$ 19,890,770
GBP:NTD	17,091	41.190	701,009

iv. Total exchange gain, including realised and unrealised, arising from significant foreign exchange variation on the monetary items held by the Company for the years ended December 31, 2025 and 2024 amounted to $840,634 and $64,914, respectively.

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

	Year ended December 31, 2025
	Sensitivity analysis
	Degree of variation	Effect on profit or loss	Effect on comprehensive income
(Foreign currency: functional currency)
Financial assets
Monetary items
USD:NTD	1%	$ 430,740	$ -
EUR:NTD	1%	5,151	-
Financial liabilities
Monetary items
USD:NTD	1%	$ 344,538	$ -

	Year ended December 31, 2024
	Sensitivity analysis
(Foreign currency: functional currency)	Degree of variation	Effect on profit or loss	Effect on comprehensive income
Financial assets
Monetary items
USD:NTD	1%	$ 192,135	$ -
GBP:NTD	1%	7,094	-
Financial liabilities
Monetary items
USD:NTD	1%	$ 198,908	$ -
GBP:NTD	1%	7,010	-

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 and foreign 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, 2025 and 2024 would have increased/decreased by $13,947 and $18,913, 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 $7,606 and $9,915, 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 2025 and 2024, 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, 2025 and 2024, if the interest rate increases by 0.25%, with all other variables held constant, post-tax profit for the years ended December 31, 2025 and 2024 would have decreased by $36,398 and $59,050, respectively. The main factor is that changes in interest expense result from floating rate borrowings.

(b) Credit risk

i. Credit risk refers to the risk of financial loss to the 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 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.

-65-

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, 2025 and 2024. On December 31, 2025 and 2024, the provision matrix of accounts receivable is as follows:

	Not past due	1-90 days past due	91-180 days past due
At December 31, 2025
Expected loss rate	0.00%	2.82%	25.00%
Total book value	$ 9,783,601	$ 1,682,619	$ 103,139
Loss allowance	$ -	$ 47,460	$ 25,784
	181-365 days past due	Over 366 days past due	Total
Expected loss rate	49.99%	100.00%
Total book value	$ 4,703	$ 338,391	$ 11,912,453
Loss allowance	$ 2,351	$ 338,391	$ 413,986
	Not past due	1-90 days past due	91-180 days past due
At December 31, 2024
Expected loss rate	0.00%	1.09%	25.00%
Total book value	$ 6,516,616	$ 494,120	$ 32
Loss allowance	$ -	$ 5,378	$ 8
	181-365 days past due	Over 366 days past due	Total
Expected loss rate	50.00%	100%
Total book value	$ 365,039	$ 46,202	$ 7,422,009
Loss allowance	$ 182,520	$ 46,202	$ 234,108

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:

	2025
	Notes receivable	Accounts receivable	Contract assets	Overdue receivables	Total
At January 1	$ -	$ 234,108	$ -	$ 15,766	$ 249,874
Provision for impairment	-	179,878	-	-	179,878
Write-offs	-	-	-	-	-
Others	-	-	-	-	-
At December 31	$ -	$ 413,986	$ -	$ 15,766	$ 429,752

	2024
	Notes receivable	Accounts receivable	Contract assets	Overdue receivables	Total
At January 1	$ -	$ 41,681	$ -	$ 7,891	$ 49,572
Provision for impairment	-	192,427	-	3,293	195,720
Write-offs	-	-	-	( 292)	( 292)
Others	-	-	-	4,874	4,874
At December 31	$ -	$ 234,108	$ -	$ 15,766	$ 249,874

For provisioned loss for the years ended December 31, 2025 and 2024, the provision for impairment losses arising from customers' contracts amounted to $179,878 and $195,720, respectively.

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 into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date for non-derivative financial liabilities:

Non-derivative financial liabilities:

December 31, 2025	Less than 1 year	Between 1 and 2 years	Between 2 and 5 years	Over 5 years
Accounts payable (including related parties)	$ 32,125,279	$ -	$ -	$ -
Other payables (including related parties)	29,771,756	-	-	-
Lease liabilities (including current portion)	32,346	22,721	57,756	276,347
Bonds payable (including current portion)	14,351,606	11,625,482	9,283,479	-
Long-term borrowings (including current portion)	669,333	18,199,020	-	-
Non-derivative financial liabilities:
December 31, 2024	Less than 1 year	Between 1 and 2 years	Between 2 and 5 years	Over 5 years
Accounts payable (including related parties)	$ 14,176,947	$ -	$ -	$ -
Other payables (including related parties)	22,580,926	-	-	-
Lease liabilities (including current portion)	77,260	38,716	67,790	295,429
Bonds payable (including current portion)	5,388,821	14,164,356	10,198,180	-
Long-term borrowings (including current portion)	1,116,685	29,527,403	-	-

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. Financial instruments not measured at fair value

(a) Except for those listed in the table below, the carrying amounts of cash and cash equivalents, notes receivable, accounts receivable, other receivables, accounts payable, other payables and long-term borrowings (including current portion) are approximate to their fair values.

	December 31, 2025
		Fair value
	Book value	Level 1	Level 2	Level 3
Financial liabilities:
Bonds payable	$ 34,600,000	$ -	$ 34,560,192	$ -
	December 31, 2024
		Fair value
	Book value	Level 1	Level 2	Level 3
Financial liabilities:
Bonds payable	$ 29,100,000	$ -	$ 28,892,869	$ -

(b) The methods and assumptions of fair value estimate are as follows:

Bonds payable: These are corporate bonds issued by the Company, measured at the present value of their expected cash flows, discounted at market interest rates to estimate their fair value.

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, 2025	Level 1	Level 2	Level 3	Total
Assets
Recurring fair value measurements
Financial assets at fair value through profit or loss
Equity instruments	$ 1,394,723	$ -	$ -	$ 1,394,723
Financial assets at fair value through other comprehensive income
Equity instruments	760,568	-	85,569	846,137
	$ 2,155,291	$ -	$ 85,569	$ 2,240,860
December 31, 2024	Level 1	Level 2	Level 3	Total
Assets
Recurring fair value measurements
Financial assets at fair value through profit or loss
Equity instruments	$ 1,891,344	$ -	$ -	$ 1,891,344
Financial assets at fair value through other comprehensive income
Equity instruments	991,457	-	85,569	1,077,026
	$ 2,882,801	$ -	$ 85,569	$ 2,968,370

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:

Market quoted price	Listed shares
	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, 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. For the years ended December 31, 2025 and 2024, 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, 2025 and 2024:

	2025		2024
	Equity securities		Equity securities
At January 1	$	85,569	$	85,569
Losses recognised in other comprehensive income		-		-
Acquired during the year		-		-
At December 31	$	85,569	$	85,569

G. Investment and Finance 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.

~70~

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:

	Fair value at December 31, 2025	Valuation technique	Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value
Non-derivative equity instruments: Unlisted shares	$ 72,518	Most recent non-active market price	Not applicable	-	Not applicable
	13,051	Market comparable companies	Price to book ratio multiple	1.37~3.76 (2.13)	The higher the multiple, the higher the fair value; the higher the discount for lack of marketability, the lower the fair value
	Fair value at December 31, 2024	Valuation technique	Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value
---	---	---	---	---	---
Non-derivative equity instruments: Unlisted shares	$ 72,518	Most recent non-active market price	Not applicable	-	Not applicable
	13,051	Market comparable companies	Price to book ratio multiple	1.07~4.12 (2.09)	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, 2025 and 2024 if the inputs used to valuation models have changed:

			December 31, 2025
			Recognised in profit or loss		Recognised in other comprehensive income (loss)
	Input	Change	Favorable change	Unfavorable change	Favorable change	Unfavorable change
Financial assets Equity instruments	Discount for lack of marketability	± 1%	$ -	$ -	$ 311	($ 311)
			December 31, 2024
			Recognised in profit or loss		Recognised in other comprehensive income (loss)
	Input	Change	Favorable change	Unfavorable change	Favorable change	Unfavorable change
Financial assets Equity instruments	Discount for lack of marketability	± 1%	$ -	$ -	$ 282	($ 282)

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 significant marketable securities at the end of the period (not including subsidiaries, associates and joint ventures): Please refer to table 3.
D. 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 4.
E. Receivables from related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 5.
F. Significant inter-company transactions during the reporting period: Please refer to table 6.

(2) Information on investees

Names, locations and other information of investee companies (not including investees in Mainland China): Please refer to table 7.

(3) Information on investments in Mainland China

A. Basic information: Please refer to table 8.

B. Significant transactions, either directly or indirectly through a third area, with investee companies in the Mainland China: Please refer to table 4, 5 and 6 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, 2025.

OPERATING SEGMENT INFORMATION

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

~73~

DELTA ELECTRONICS, INC.
DETAILS OF CASH AND EQUIVALENTS
DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Items	Summary	Amount
Cash on hand and revolving funds		$ 3,565
Demand deposits		4,031,324
Foreign exchange deposits	(USD 137,278 thousand, exchange rate: 31.430)	4,314,660
	(GBP 17 thousand, exchange rate: 42.330)	735
	(EUR 9,228 thousand, exchange rate: 36.900)	340,517
	(HKD 4,294 thousand, exchange rate: 4.038)	17,339
	(RMB 667 thousand, exchange rate: 4.49507)	2,997
	(JPY 47,603 thousand, exchange rate: 0.2008)	9,559
Checking accounts deposits		54
Term deposit (foreign currency)	(GBP 4,200 thousand, exchange rate: 42.330)	177,786
		$ 8,898,536

-74-

-75-

DELTA ELECTRONICS, INC.
DETAILS OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT
DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Name of Financial Instrument	Description	Shares	Face Value	Total Amount	Cost	Fair Value		Note
						Unit Price	Total Amount
Lanner Electronics Inc.	Common Stock	19,723,865	$ 10	$ 197,239	$ 900,000	$ 68.50	$ 1,351,085

DELTA ELECTRONICS, INC.
DETAILS OF ACCOUNTS RECEIVABLE
DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Customer name	Amount	Note
A Company	$ 1,214,214
B Company	896,708
C Company	841,050
D Company	819,617
E Company	730,947
F Company	658,912
Others (Note)	6,751,005	The balance of each customer has not exceeded 5% of accounts receivable.
	11,912,453
Less: Allowance for bad debts	( 413,986)
	$ 11,498,467

Note: The accounts receivable past due over one year amounted to $338,391 for which the Company has recognised allowance for doubtful accounts.

-76-

DELTA ELECTRONICS, INC.
DETAILS OF INVENTORIES
DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Items	Amount		Note
	Cost	Market value
Raw materials	$ 7,356,532	$ 7,448,775	The net realisable value is the net market value.
Work in progress	1,183,838	1,183,838	〃
Finished goods	7,001,238	9,123,415	〃
Inventory in transit	2,518,390	2,518,390	〃
	$ 18,059,998	$ 20,274,418

Note: As at December 31, 2025, the amount of loss on market value decline and obsolete and slow-moving inventories is $3,021,093.

-77-

-78-

DELTA ELECTRONICS, INC.

MOVEMENT SUMMARY OF FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - NON-CURRENT

FOR THE YEAR ENDED DECEMBER 31, 2025

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

Name	Beginning		Additions		Reductions		Ending		For collateralize and pledge	Footnote
	Number of shares	Fair value	Number of shares	Amount	Number of shares	Amount	Number of shares	Fair value
Lanner Electronics Inc.	7,169,675	$ 675,384	-	$ -	-	($ 184,261)	7,169,675	$ 491,123	None	Note
United Renewable Energy Co., Ltd.	31,294,279	316,073	-	-	-	( 46,628)	31,294,279	269,445	〃	〃
Betacera Inc.	8,101,732	59,358	-	-	-	-	8,101,732	59,358	〃
TC Intelligent Technology Co., Ltd.	700,000	13,160	-	-	-	-	700,000	13,160	〃
Synergy Co., Ltd.	1,471,000	13,051	-	-	-	-	1,471,000	13,051	〃
Others	3,744,275	-	-	-	-	-	3,744,275	-
Total	52,480,961	$ 1,077,026	-	$ -	-	($ 230,889)	52,480,961	$ 846,137

Note: The decrease for the year arose from the valuation.

DELTA ELECTRONICS, INC.
MOVEMENT SUMMARY OF INVESTMENTS ACCOUNTED FOR UNDER EQUITY METHOD
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Investee	Opening balance		Additions		Reductions		Ending balance			Market price or value per share		Collateralize and pledge
	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)	Total price
Delta International Holding Limited B.V.	67,680	$ 87,161,932	-	$ 2,283,492	-	$ -	67,680	100.00	$ 89,445,424	1,342.30	$ 90,846,535	None
Cyntec Co., Ltd.	2,341,204	40,525,176	-	-	-	( 1,892,354)	2,341,204	100.00	38,632,822	14.24	33,341,635	×
Delta Electronics Int'l (Singapore) Pte. Ltd.	45,234	89,080,645	-	10,216,106	-	-	45,234	100.00	99,296,751	2,287.94	103,493,453	×
Delta Electronics (Thailand) Public Company Limited	691,281	6,314,187	-	966,039	-	-	691,281	5.54	7,280,226	173.33	119,818,906	×
Delta Electronics Capital Company	449,787	4,993,215	-	-	-	( 254,794)	449,787	100.00	4,738,421	10.53	4,738,421	×
Delta Electronics (Netherlands) B.V.	128,492	38,894,661	-	6,998,609	-	-	128,492	100.00	45,893,270	372.70	47,889,246	×
DellBio Inc.	21,762	106,654	-	-	( 10,473)	( 5,979)	11,289	100.00	100,675	8.92	100,675	×
Delta America Ltd.	2,100	306,948	-	-	-	( 1,103,782)	2,100	10.26	( 796,834)	359.48	754,900	×
Vivotec Inc.	49,128	4,386,888	111	-	-	( 179,945)	49,239	56.88	4,206,943	98.80	6,324,265	×
Chungbwa SEA Holdings	880	7,981	-	-	-	( 145)	880	44.00	7,836	8.90	7,836	×
Delmind Inc.	21,000	168,728	9,000	22,460	-	-	30,000	100.00	191,188	6.37	191,188	×
Ancora Semiconductors Inc.	37,000	57,002	10,486	211,279	-	-	47,486	68.33	268,281	8.49	403,331	×
Delta Energy Inc.	20,000	133,633	37,500	297,758	-	-	57,500	100.00	431,391	7.50	431,391	×
Atrust Computer Corporation	28,825	396,615	-	44,382	-	-	28,825	55.02	440,997	11.58	333,936	×
Power Forest Technology Corporation	5,000	17,971	7,870	31,651	-	-	12,870	37.96	49,622	3.53	45,464	×
MUSASHI DELTA E-AXLE INDIA PRIVATE LIMITED	54,400	160,114	-	-	-	( 28,130)	54,400	34.00	131,984	2.43	131,984	×
Delta Holding Inc.	100	961	-	6	-	-	100	100.00	967	9.67	967	×
ACT Genomics Holdings Company Limited	-	-	75,000	2,202,488	-	-	75,000	100.00	2,202,488	2.79	208,994	×
TwHealth Nexus Inc.	-	-	6,000	59,354	-	-	6,000	20.00	59,354	9.89	59,354	×
Total		$ 272,713,311		$ 23,333,624		($ 3,465,129)			$ 292,581,806		$ 409,122,481

Note 1: Shares in thousands.
Note 2: Including the current cash capital increase, recognised investment gains and losses, impairment losses, adjustments to changes in net value, and cash dividends received, etc.

-80-

DELTA ELECTRONICS, INC.
MOVEMENT SUMMARY OF PROPERTY, PLANT AND EQUIPMENT
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Please refer to Note 6(7) disclosure.

-81-

DELTA ELECTRONICS, INC.
MOVEMENT SUMMARY OF INVESTMENT PROPERTY AND ACCUMULATED DEPRECIATION
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Please refer to Note 6(9) disclosure.

-82-

DELTA ELECTRONICS, INC.
MOVEMENT SUMMARY OF INTANGIBLE ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Please refer to Note 6(10) disclosure.

-83-

DELTA ELECTRONICS, INC.
DETAILS OF ACCOUNTS PAYABLE
DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Vendor name	Amount	Note
MARINA TF PTE. LTD.	$ 2,099,045
Others	12,402,754	The balance of each vendor has not exceeded 5% of accounts payable.
	$ 14,501,799

DELTA ELECTRONICS, INC.
DETAILS OF LONG-TERM BORROWINGS
DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Creditor	Summary	Ending balance	Contract period	Interest Rate	Collateralize or pledge	Note
Citibank	Credit Loans	$ 6,734,420	2025.01.03~2027.01.03	1.75%~4.30%	None	-
DBS Bank, Ltd.	〃	4,557,350	2025.08.04~2027.08.04	4.39%	〃	-
CTBC Bank Co., Ltd.	〃	565,833	2025.09.17~2026.07.15	1.455%	〃	-
TFB Bank, Ltd.	〃	2,357,250	2025.06.24~2027.06.16	4.208%~4.41%	〃	-
HSBC Bank, Ltd.	〃	900,000	2025.10.27~2027.10.27	1.72%	〃	-
E.SUN Bank	〃	2,300,000	2025.03.03~2027.03.03	1.75%	〃	-
BNP Paribas	〃	1,350,000	2025.04.25~2027.04.25	1.75%~1.76%	〃	-
		18,764,853
Less: Current portion		( 565,833)
		$ 18,199,020

-84-

DELTA ELECTRONICS, INC.
DETAILS OF BONDS PAYABLE
DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Bonds Name	Trustee	Issuance Date	Interest Payment Date	Coupon Rate	Amount					Repayment Term	Collateral
					Total Issuance Amount	Repayment Paid	Ending Balance	Unamortized Premiums (Discounts)	Carrying Amount
2022 first unsecured ordinary corporate bonds - Tranche A	CTBC Bank Co., Ltd	2022/4/7	Note 1	0.85	$ 5,900,000	$ -	$ 5,900,000	$ -	$ 5,900,000	Principal is payable in full at maturity	None
2022 first unsecured ordinary corporate bonds - Tranche B	×	2022/4/7	Note 1	0.9	700,000	-	700,000	-	700,000	×	×
2023 first unsecured ordinary corporate bonds	×	2023/1/12	Note 1	1.83	5,000,000	-	5,000,000	-	5,000,000	×	×
2023 second unsecured ordinary corporate bonds - Tranche A	×	2023/4/27	Note 1	1.43	3,000,000	-	3,000,000	-	3,000,000	×	×
2023 second unsecured ordinary corporate bonds - Tranche B	×	2023/4/27	Note 1	1.53	3,500,000	-	3,500,000	-	3,500,000	×	×
2023 third unsecured ordinary corporate bonds	×	2023/6/5	Note 1	1.49	6,000,000	-	6,000,000	-	6,000,000	×	×
2025 first unsecured ordinary corporate bonds - Tranche A	×	2025/8/22	Note 1	1.75	5,500,000	-	5,500,000	-	5,500,000	×	×
2025 first unsecured ordinary corporate bonds-Tranche B	×	2025/8/22	Note 1	1.82	5,000,000	-	5,000,000	-	5,000,000	×	×
							34,600,000		34,600,000
Less: Current portion							( 14,000,000)		( 14,000,000)
							$ 20,600,000		$ 20,600,000

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

DELTA ELECTRONICS, INC.
DETAILS OF OPERATING REVENUE
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Items	Amount	Note
Power electronics	$ 10,660,877
Mobility	206,964
Automation	8,313,087
Infrastructure	90,949,989
Others	194,857
Sales revenue	110,325,774
Service revenue	34,822,473
Other operating revenue	8,086,714
Total operating revenue	$ 153,234,961

-86-

DELTA ELECTRONICS, INC.
DETAILS OF OPERATING COST
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

	Amount
Raw materials at beginning	$ 6,904,286
Add: Materials purchased for the year	56,792,699
Less: Raw materials at the end	( 7,356,532)
Raw materials in transit	( 398,824)
Cost of raw material sales	( 3,158,600)
Scrapped raw materials	( 320,330)
Transferred to manufacturing or operating expenses	( 265,668)
Direct materials	52,197,031
Direct labor	1,234,029
Manufacturing overhead	4,114,528
Manufacturing cost for the year	57,545,588
Add: Work in progress at the beginning	1,110,070
Less: Work in progress at the end	( 1,183,838)
Cost of finished goods for the year	57,471,820
Add: Finished goods at the beginning	5,402,912
Finished goods purchases for the year	19,762,206
Less: Finished goods at the end	( 7,001,238)
Finished goods in transit	( 2,119,566)
Scrapped finished goods	( 79,859)
Transferred to manufacturing overheads or operating expenses	( 475,540)
Cost of goods manufactured and sold	72,960,735
Gain from price recovery of inventory	( 508,189)
Others	( 167,548)
Cost of goods sold	72,284,998
Cost of raw material sales	3,158,600
Cost of services	8,645,447
Other operating costs	6,674,272
Operating costs	$ 90,763,317

-87-

DELTA ELECTRONICS, INC.
DETAILS OF MANUFACTURING OVERHEAD
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Items	Amount	Note
Salaries and Wages	$ 1,645,293
Depreciation	910,339
Others	1,558,896	The balance of each expense account has not exceeded 5% of manufacturing overhead.
Total	$ 4,114,528

-88-

DELTA ELECTRONICS, INC.
DETAILS OF SELLING EXPENSES
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Items	Amount	Note
Wages and Salaries	$ 1,498,520
Freight	943,754
Others	476,504	The balance of each expense account has not exceeded 5% of selling expenses.
Total	$ 2,918,778

-89-

DELTA ELECTRONICS, INC.
DETAILS OF GENERAL AND ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Items	Amount	Note
Salaries and Wages	$ 2,513,926
Depreciation	885,461
Others	1,806,609	The balance of each expense account has not exceeded 5% of general and administrative expenses.
Total	$ 5,205,996

-90-

DELTA ELECTRONICS, INC.
DETAILS OF RESEARCH AND DEVELOPMENT EXPENSES
FOR THE YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

Items	Amount	Note
Salaries and Wages	$ 16,884,321
Depreciation	1,528,329
Others	6,101,486	The balance of each expense account has not exceeded 5% of research and development expenses.
Total	$ 24,514,136

-91-

DELTA ELECTRONICS, INC.
DETAILS OF LABOR, DEPRECIATION AND AMORTISATION BY FUNCTION
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

| Function
Nature | 2025 | | | 2024 | | |
| --- | --- | --- | --- | --- | --- | --- |
| | Classified as operating costs | Classified as operating expenses | Total | Classified as operating costs | Classified as operating expenses | Total |
| Employee benefit expense | | | | | | |
| Salaries and Wages | 6,378,096 | 20,896,767 | 27,274,863 | 4,868,337 | 16,583,900 | 21,452,237 |
| Labor and Health insurance | 369,236 | 1,134,552 | 1,503,788 | 305,361 | 994,362 | 1,299,723 |
| Pension | 69,393 | 684,584 | 753,977 | 59,838 | 641,429 | 701,267 |
| Directors' remuneration | - | 115,940 | 115,940 | - | 102,887 | 102,887 |
| Others | 454,353 | 827,232 | 1,281,585 | 419,270 | 587,012 | 1,006,282 |
| Depreciation | 910,339 | 2,447,941 | 3,358,280 | 886,916 | 2,008,487 | 2,895,403 |
| Amortisation | 2,366 | 686,064 | 688,430 | 2,528 | 523,220 | 525,748 |

Note: A. As at December 31, 2025 and 2024, the number of the Company's employees were 13,373 and 12,502 (excluding overseas employees), including 8 and 8 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 $2,306 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 $1,958 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 $2,041 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 $1,717 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 18.87%. ('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(26)A. for the Company's compensation policy.

Delta Electronics, Inc. and Subsidiaries

Loans to others

Year ended December 31, 2025

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, 2025 (Note 2)	Balance at December 31, 2025	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		Limit on loans granted to a single party	Ceiling on total loans granted	Footnote
													Item	Value
1	Delta Component Limited B.V.	Delta Intelligent Building Technologies (Canada) INC.	Other receivables - related parties	Yes	$ 2,640,120	$ 2,640,120	$ 1,602,930	4.55%	2	$ -	Additional operating capital	$ -	None	$ -	$ 36,625,642	$ 36,625,642	Note 5
1	Delta Component Limited B.V.	Delta Electronics (H.K.) Ltd.	Other receivables - related parties	Yes	9,900,450	8,957,550	8,957,550	4.55%	2	-	Additional operating capital	-	None	-	36,625,642	36,625,642	Note 5
1	Delta Component Limited B.V.	TB&C GmbH	Other receivables - related parties	Yes	184,500	184,500	184,500	3.00%	2	-	Additional operating capital	-	None	-	36,625,642	36,625,642	Note 5
2	Delta International Holding Limited B.V.	Delta Electronics (Netherlands) B.V.	Other receivables - related parties	Yes	314,300	157,150	157,150	4.55%	2	-	Additional operating capital	-	None	-	92,960,759	92,960,759	Note 5
2	Delta International Holding Limited B.V.	Delta Electronics (H.K.) Ltd.	Other receivables - related parties	Yes	13,452,040	12,823,440	12,823,440	4.55%	2	-	Additional operating capital	-	None	-	92,960,759	92,960,759	Note 5
2	Delta International Holding Limited B.V.	Delta Intelligent Building Technologies (Canada) INC.	Other receivables - related parties	Yes	440,020	440,020	440,020	4.55%	2	-	Additional operating capital	-	None	-	92,960,759	92,960,759	Note 5
2	Delta International Holding Limited B.V.	Delta Intelligent Building Technologies (USA), LLC	Other receivables - related parties	Yes	722,890	722,890	722,890	4.55%	2	-	Additional operating capital	-	None	-	92,960,759	92,960,759	Note 5
2	Delta International Holding Limited B.V.	Delta Electronics (Slovakia), s.r.o.	Other receivables - related parties	Yes	369,000	369,000	369,000	3.00%	2	-	Additional operating capital	-	None	-	92,960,759	92,960,759	Note 5
2	Delta International Holding Limited B.V.	DELTA ELECTRONICS (USA) INC.	Other receivables - related parties	Yes	7,071,750	7,071,750	5,343,100	4.55%	2	-	Additional operating capital	-	None	-	92,960,759	92,960,759	Note 5
2	Delta International Holding Limited B.V.	TB&C GmbH	Other receivables - related parties	Yes	1,143,900	1,143,900	1,143,900	3.00%	2	-	Additional operating capital	-	None	-	92,960,759	92,960,759	Note 5
2	Delta International Holding Limited B.V.	Sanomics Limited	Other receivables - related parties	Yes	6,915	6,915	6,915	4.55%	2	-	Additional operating capital	-	None	-	92,960,759	92,960,759	Note 5

No. (Note 1)	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2025 (Note 2)	Balance at December 31, 2025	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		Limit on loans granted to a single party	Ceiling on total loans granted	Footnote
													Item	Value
2	Delta International Holding Limited B.V.	ACT Genomics Co., Ltd.	Other receivables - related parties	Yes	$ 942,900	$ 942,900	$ 942,900	4.55%	2	$ -	Additional operating capital	$ -	None	$ -	$ 37,184,304	$ 37,184,304	Note 4
2	Delta International Holding Limited B.V.	ACT GENOMICS (SINGAPORE) PTE. LTD.	Other receivables - related parties	Yes	3,545	3,545	1,223	2.00%	2	-	Additional operating capital	-	None	-	92,960,759	92,960,759	Note 5
3	DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Poland) Sp. z o.o.	Other receivables - related parties	Yes	36,734	25,364	25,364	5.08%	2	-	Additional operating capital	-	None	-	4,787,069	4,787,069	Note 5
3	DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Slovakia), s.r.o.	Other receivables - related parties	Yes	763,830	332,100	332,100	2.53%	2	-	Additional operating capital	-	None	-	4,787,069	4,787,069	Note 5
3	DELTA ELECTRONICS (NORWAY) AS	Graterudveien 8 AS	Other receivables - related parties	Yes	505,856	505,856	412,179	4.50%	2	-	Additional operating capital	-	None	-	4,787,069	4,787,069	Note 5
3	DELTA ELECTRONICS (NORWAY) AS	Eltek Egypt for Power Supply S.A.E.	Other receivables - related parties	Yes	22,001	22,001	18,858	4.48%	2	-	Additional operating capital	-	None	-	4,787,069	4,787,069	Note 5
4	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Other receivables - related parties	Yes	1,123,768	-	-	3.50%	2	-	Additional operating capital	-	None	-	4,347,808	4,347,808	Note 5
5	Delta Energy Systems (Germany) GmbH	Delta Energy Systems Mobility (Germany) GmbH	Other receivables - related parties	Yes	1,138,365	1,138,365	1,138,365	0.4%-2.53%	2	-	Additional operating capital	-	None	-	1,921,372	1,921,372	Note 5
6	DET International Holding B.V.	Delta Electronics India Pvt. Ltd.	Other receivables - related parties	Yes	2,451,540	2,451,540	2,451,540	1.7%-4%	2	-	Additional operating capital	-	None	-	10,560,388	10,560,388	Note 5
6	DET International Holding B.V.	Delta Energy Systems Mobility (Germany) GmbH	Other receivables - related parties	Yes	258,300	258,300	258,300	3.00%	2	-	Additional operating capital	-	None	-	10,560,388	10,560,388	Note 5
7	Delta Electronics (Shanghai) Co., Ltd.	Cyntec Electronics (WuHu) Co., Ltd.	Other receivables - related parties	Yes	674,261	-	-	3.10%	2	-	Additional operating capital	-	None	-	9,967,343	9,967,343	Note 5
7	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Chongqing) Ltd.	Other receivables - related parties	Yes	2,562,190	2,562,190	1,528,324	3.50%	2	-	Additional operating capital	-	None	-	9,967,343	9,967,343	Note 5

No. (Note 1)	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2025 (Note 2)	Balance at December 31, 2025	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		Limit on loans granted to a single party	Ceiling on total loans granted	Footnote
													Item	Value
8	Vivotek USA, Inc.	Wellstates Investment, LLC	Other receivables - related parties	Yes	$ 25,277	$ 20,533	$ 20,533	3.90%	2	$ -	Additional operating capital	$ -	None	$ -	$ 471,077	$ 471,077	Note 5
9	Universal Instruments Corporation	Universal Instruments Mfg. (Shenzhen) Co. Ltd.	Other receivables - related parties	Yes	103,351	51,676	51,676	0.00%	2	-	Additional operating capital	-	None	-	1,827,767	1,827,767	Note 5
10	TB&C Outsert Mexico, S. De R.L. DE C.V.	TB&C Outsert International B.V.	Other receivables - related parties	Yes	85,058	-	-	4.00%	2	-	Additional operating capital	-	None	-	797,307	797,307	Note 5
11	Delta Electronics India Pvt. Ltd.	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Other receivables - related parties	Yes	901,942	901,942	631,360	7.28%-8.65%	2	-	Additional operating capital	-	None	-	11,990,222	11,990,222	Note 5
12	Cyntec Electronics (Suzhou) Co., Ltd.	Cyntec Electronics (WuHu) Co., Ltd.	Other receivables - related parties	Yes	899,014	899,014	899,014	3.00%	2	-	Additional operating capital	-	None	-	7,833,184	7,833,184	Note 5
13	ACT Genomics Holdings Company Limited	ACT Genomics Co., Ltd.	Other receivables - related parties	Yes	938,621	-	-	2.00%	2	-	Additional operating capital	-	None	-	81,746	81,746	Note 4
14	Eltek Power CO., LTD.	ACT Genomics (Thailand) Limited	Other receivables - related parties	Yes	16,030	16,030	7,013	2.80%	2	-	Additional operating capital	-	None	-	73,387	73,387	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, 2025, 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 financial statements, and limit on total loans is $40\%$ of the Company's net assets based on the latest 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 financial statements, and limit on total loans is $40\%$ of the subsidiaries' net assets based on the latest 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 financial statements, and limit on total loans is the lender's net assets based on the latest financial statements.
Note 6: Nature of loans:
(1) Business transaction: 1.
(2) Short-term financing: 2.

Delta Electronics, Inc. and Subsidiaries

Provision of endorsements and guarantees to others

Year ended December 31, 2025

Table 2
Expressed in thousands of New Taiwan dollars, except as otherwise indicated

Number (Note 1)	Endorser / guarantor	Party being endorsed/guaranteed		Limit on endorsements / guarantees provided for a single party	Maximum outstanding endorsement / guarantee amount as at December 31, 2025	Outstanding endorsement / guarantee amount at December 31, 2025	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
		Company name	Relationship with the endorser / guarantor (Note 4)
1	March Networks Holdings Ltd.	March Networks, Inc.	2	$ 144,230	$ 15,086	$ 15,086	$ 15,086	$ -	0.01%	$ 288,461	N	N	N	Note 2
2	TB&C Outsert International B.V.	TB&C Outsert Mexico, S. De R.L. DE C.V.	2	318,842	94,290	94,290	94,290	-	0.04%	318,842	N	N	N	Note 3

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 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 consolidated financial statements, and limit on endorsements to a single party is $5\%$ of March Networks Holdings Ltd.'s net assets based on the latest consolidated financial statements.
Note 3: 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 consolidated 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 consolidated financial statements.
Note 4: 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.

Delta Electronics, Inc. and Subsidiaries

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

December 31, 2025

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, 2025
				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	$ 269,445	1.92%	$ 269,445
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	1,842,207	18.34%	1,842,207
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	-	129,207	-	129,207
Delta Electronics Capital Company	Evergreen Aviation Technologies Corporation common stock	None	Financial assets at fair value through profit or loss - current	2,270,000	322,340	0.61%	322,340
Delta Electronics Capital Company	Tong Hsing Electronic Industries, Ltd. common stock	None	Financial assets at fair value through profit or loss - current	1,171,557	156,403	0.56%	156,403
Delta Electronics Capital Company	Fusheng Precision Co., Ltd. common stock	None	Financial assets at fair value through profit or loss - current	805,000	205,678	0.58%	205,678
Delta Electronics Capital Company	UBIQCONN TECHNOLOGY, INC. common stock	None	Financial assets at fair value through profit or loss - current	2,960,311	152,752	3.44%	152,752
Delta Electronics Capital Company	Nien Made Enterprise Co., Ltd. common stock	None	Financial assets at fair value through profit or loss - current	393,043	141,889	0.13%	141,889
Delta Electronics Capital Company	Horng Yu Electric Co., Ltd	None	Financial assets at fair value through profit or loss - non-current	300,000	145,635	1.10%	145,635
Delta Electronics Capital Company	ACCORDANCE SYSTEMS INC. common stock	None	Financial assets at fair value through profit or loss - non-current	750,000	154,095	4.08%	154,095
Delta Electronics Capital Company	Mega Union Technology Incorporated common stock, etc.	None	Financial assets at fair value through profit or loss	-	1,935,627	-	1,935,627

Securities held by	Marketable securities	Relationship with the securities issuer	General ledger account	As at December 31, 2025
				Number of shares	Book value	Ownership (%)	Fair value
Delta Electronics (Netherlands) B.V.	Noda RF Technologies Co., Ltd. common stock, etc.	None	Financial assets at fair value through other comprehensive income - non-current	-	$ 87,650	-	$ 87,650
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	10.87%	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	24,935	19.79%	24,935
Delta America, Ltd.	VPT, Inc. common stock	None	Financial assets at fair value through other comprehensive income - non-current	860,000	5,500	17.52%	5,500
Delta Electronics (H.K.) Ltd.	Zhejiang Keente Motor Technology Co., Ltd.	None	Financial assets at fair value through other comprehensive income - non-current	-	357,651	19.00%	357,651
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	-	6,743	15.00%	6,743
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	94,290	12.11%	94,290
Vivotek Inc.	Kneron Holding Corporation preferred stock	None	Financial assets at fair value through profit or loss - non-current	1,310,003	243,296	1.79%	243,296
Atrust Computer Corporation	ACRORED TECHNOLOGIES, INC. common stock	None	Financial assets at fair value through other comprehensive income - non-current	500,000	320	2.38%	320
Delta International Holding Limited B.V.	Neura Robotics GmbH	None	Financial assets at fair value through other comprehensive income - non-current	2,442	328,282	1.38%	328,282
Delta Energy Inc.	Taiwan Smart Electricity & Energy Co., Ltd. common stock	None	Financial assets at fair value through other comprehensive income - non-current	7,500,000	75,000	4.76%	75,000

Table 3-2

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, 2025

Table 4

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

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics, Inc.	DELTA ELECTRONICS (AUSTRALIA) PTY LTD	Subsidiary	Operating revenue	$ 867,286	0.57	70 days			$ 195,841	0.49
Delta Electronics, Inc.	DELTA ELECTRONICS BRASIL LTDA.	Subsidiary	Operating revenue	380,853	0.25	90 days after delivery			315,688	0.79
Delta Electronics, Inc.	Delta Electronics (Jiangsu) Ltd.	Subsidiary	Operating revenue	476,205	0.31	70 days after issuing invoice			474,531	1.18
Delta Electronics, Inc.	Delta Electronics (Shanghai) Co., Ltd.	Subsidiary	Operating revenue	206,724	0.13	70 days after issuing invoice			209,021	0.52
Delta Electronics, Inc.	Cyntec Electronics (Suzhou) Co., Ltd.	Subsidiary	Operating revenue	111,904	0.07	70 days			-	-
Delta Electronics, Inc.	DELTA ELECTRONICS (UK) LTD	Subsidiary	Operating revenue	397,447	0.26	70 days			391,381	0.98
Delta Electronics, Inc.	Delta Electronics India Pvt. Ltd.	Subsidiary	Operating revenue	493,488	0.32	90 days after delivery			77,392	0.19
Delta Electronics, Inc.	Delta Electronics (Japan), Inc.	Subsidiary	Operating revenue	409,299	0.27	70 days			236,311	0.59
Delta Electronics, Inc.	Delta Facilities (Japan), Inc.	Subsidiary	Operating revenue	139,260	0.09	70 days			36,257	0.09
Delta Electronics, Inc.	Delta Electronics (Korea), Inc.	Subsidiary	Operating revenue	161,534	0.11	70 days			78,193	0.19
Delta Electronics, Inc.	Delta Electronics (Netherlands) B.V.	Subsidiary	Operating revenue	4,051,406	2.64	70 days			2,347,126	5.85
Delta Electronics, Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Subsidiary	Operating revenue	25,832,120	16.83	70 days			2,614,729	6.22
Delta Electronics, Inc.	Delta Electronics (Thailand) Public Company Limited	Subsidiary	Operating revenue	10,287,774	6.70	70 days			1,575,678	3.93
Delta Electronics, Inc.	DEI Logistics (USA) Corp.	Subsidiary	Operating revenue	10,339,787	6.74	90 days after delivery			1,988,212	4.96

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics, Inc.	Delta Electronics (Americas) Ltd.	Subsidiary	Operating revenue	$ 24,409,881	15.91	70 days			$ 7,707,057	19.22
Delta Electronics, Inc.	DELTA ELECTRONICS (USA) INC.	Subsidiary	Operating revenue	26,568,158	17.31	70 days			10,334,802	25.77
Loy Tec electronics GmbH	Delta Electronics (Americas) Ltd.	Affiliated enterprise	Operating revenue	114,268	12.55	70 days			25,298	23.95
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	7,061,675	12.24	70 days			1,807,257	14.60
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	50,498,653	87.71	70 days			10,551,913	85.26
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Operating revenue	193,797	0.23	70 days			91,581	0.76
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	17,479,310	20.91	70 days			5,835,048	48.58
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Affiliated enterprise	Operating revenue	313,443	0.38	70 days			656	0.01
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Chongqing) Ltd.	Affiliated enterprise	Operating revenue	129,520	0.16	70 days			29,468	0.25
Delta Electronics (Jiangsu) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	64,742,515	77.83	70 days			5,952,090	49.55
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Operating revenue	476,161	1.37	70 days			105,728	1.07
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	Operating revenue	288,248	0.82	70 days			82,938	0.84
Delta Electronics (Shanghai) Co., Ltd.	Delta Greentech (China) CO.,Ltd	Affiliated enterprise	Operating revenue	14,716,734	41.59	70 days			4,361,547	44.00
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Pingtan) Co., Ltd.	Affiliated enterprise	Operating revenue	2,457,092	6.98	70 days			721,814	7.28
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	2,194,330	6.22	70 days			223,549	2.26

Table 4-2

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	$ 1,120,629	3.20	70 days			$ 103,658	1.05
Delta Greentech (China) CO., Ltd	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	Operating revenue	482,022	2.34	70 days			149,965	3.01
Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	192,022	4.73	70 days			45,257	7.04
Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	3,886,918	95.20	70 days			420,718	65.40
Delta Electronics (Chenzhou) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	782,842	12.72	70 days			164,040	12.16
Delta Electronics (Chenzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	5,378,822	87.28	70 days			1,185,441	87.84
Chenzhou Delta Technology Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Operating revenue	2,248,317	52.60	70 days			673,487	57.44
Chenzhou Delta Technology Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Affiliated enterprise	Operating revenue	528,886	12.38	70 days			186,729	15.92
Chenzhou Delta Technology Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	1,485,683	34.70	70 days			309,532	26.40
Delta Electronics (Chongqing) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	1,043,923	99.74	70 days			117,108	98.67
Cyntec Co., Ltd.	Delta Electronics, Inc.	Ultimate Parent Company	Operating revenue	3,285,994	26.16	70 days			899,506	35.39
Cyntec Co., Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	Operating revenue	199,965	1.59	90 days after delivery			62,551	2.46
Cyntec Electronics (Suzhou) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	510,786	3.31	70 days			199,144	13.18
Cyntec Electronics (Suzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	14,899,216	96.68	70 days			1,311,326	86.82
Cyntec Electronics (Wuhu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	7,078,462	99.96	70 days			701,035	99.92

Table 4-3

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Energy Systems (Germany) GmbH	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	$ 2,542,582	90.30	70 days			$ 178,596	19.87
DELTA Electronics (Germany) GmbH	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	Operating revenue	453,954	21.45	70 days			-	-
DELTA Electronics (Germany) GmbH	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	172,580	8.08	70 days			20,596	7.88
DELTA ELECTRONICS (France) SAS	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	Operating revenue	128,253	6.73	70 days			50,869	21.10
Delta Energy Systems (UK) Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	118,279	100.00	70 days			7,209	86.80
Delta Electronics India Pvt. Ltd.	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Affiliated enterprise	Operating revenue	127,641	0.91	70 days			96,715	2.55
Delta Electronics India Pvt. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	4,431,273	31.25	70 days			1,180,658	31.12
DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	Operating revenue	1,465,054	60.51	70 days			369,913	59.05
Delta Electronics (Japan), Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	1,305,631	22.99	70 days			94,961	6.04
Delta Electronics (Netherlands) B.V.	DELTA ELECTRONICS (France) SAS	Affiliated enterprise	Operating revenue	121,110	1.04	70 days			3,523	0.08
Delta Electronics (Netherlands) B.V.	Delta Electronics (Italy) S.r.l.	Affiliated enterprise	Operating revenue	341,768	2.84	70 days			54,393	1.19
Delta Electronics (Netherlands) B.V.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	1,062,859	8.81	70 days			100,034	2.19
Delta Electronics (Netherlands) B.V.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	127,847	1.07	70 days			1,313	0.03
Delta Electronics (Netherlands) B.V.	Delta Greentech Electronics Industry LLC	Affiliated enterprise	Operating revenue	767,420	6.32	180 days			271,049	5.94
Vivotek Netherlands B.V.	VIVOTEK INC.	Affiliated enterprise	Operating revenue	130,078	100.00	75 days			17,874	100.00

Table 4-4

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
DELTA ELECTRONICS (NORWAY) AS	DELTA Electronics (Germany) GmbH	Affiliated enterprise	Operating revenue	$ 273,720	7.26	70 days			$ -	-
DELTA ELECTRONICS (NORWAY) AS	DELTA ELECTRONICS (France) SAS	Affiliated enterprise	Operating revenue	681,231	18.08	70 days			-	-
DELTA ELECTRONICS (NORWAY) AS	DELTA ELECTRONICS (UK) LTD	Affiliated enterprise	Operating revenue	238,837	6.26	70 days			34,949	8.13
DELTA ELECTRONICS (NORWAY) AS	DELTA Electronics (Sweden) AB	Affiliated enterprise	Operating revenue	201,749	5.30	70 days			30,808	7.17
DELTA ELECTRONICS (NORWAY) AS	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	645,166	16.90	70 days			59,047	13.73
DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Slovakia), s.r.o.	Affiliated enterprise	Operating revenue	621,197	16.24	70 days			205,155	47.71
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS MEA DMCC	Affiliated enterprise	Operating revenue	135,744	0.05	70 days			108,481	0.14
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (AUSTRALIA) PTY LTD	Affiliated enterprise	Operating revenue	209,957	0.07	70 days			63,448	0.08
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS BRASIL LTDA.	Affiliated enterprise	Operating revenue	420,423	0.15	90 days after delivery			154,537	0.20
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Operating revenue	31,705,584	11.01	70 days			9,255,831	11.74
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Switzerland) AG	Affiliated enterprise	Operating revenue	1,217,181	0.42	70 days			431,774	0.55
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	Operating revenue	26,158,206	9.09	70 days			3,434,178	4.36
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Affiliated enterprise	Operating revenue	2,285,217	0.79	70 days			6	-
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Affiliated enterprise	Operating revenue	3,824,518	1.33	70 days			1,189,779	1.51
Delta Electronics Int'l (Singapore) Pte. Ltd.	Chenzhou Delta Technology Co., Ltd.	Affiliated enterprise	Operating revenue	311,207	0.11	70 days			78,593	0.10

Table 4-5

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Chongqing) Ltd.	Affiliated enterprise	Operating revenue	$ 332,226	0.11	70 days			$ 45,085	0.06
Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec Co., Ltd.	Affiliated enterprise	Operating revenue	3,825,718	1.32	70 days			1,609,440	2.04
Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec Electronics (Suzhou) Co., Ltd.	Affiliated enterprise	Operating revenue	787,503	0.27	70 days			165,625	0.21
Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec Electronics (WaHu) Co., Ltd.	Affiliated enterprise	Operating revenue	334,085	0.12	70 days			108,943	0.14
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA Electronics (Germany) GmbH	Affiliated enterprise	Operating revenue	382,945	0.14	70 days			199,858	0.25
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS SOLUTIONS (SPAIN) SL	Affiliated enterprise	Operating revenue	313,027	0.11	150 days			121,577	0.15
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (France) SAS	Affiliated enterprise	Operating revenue	356,273	0.12	70 days			46,249	0.06
Delta Electronics Int'l (Singapore) Pte. Ltd.	Digital Projection Limited	Affiliated enterprise	Operating revenue	123,691	0.04	75 days after delivery			19,510	0.02
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (UK) LTD	Affiliated enterprise	Operating revenue	236,537	0.08	70 days			136,975	0.17
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	Operating revenue	2,416,746	0.84	90 days after delivery			804,477	1.02
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Affiliated enterprise	Operating revenue	470,633	0.16	90 days after delivery			229,440	0.29
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Italy) S.r.l.	Affiliated enterprise	Operating revenue	279,002	0.10	70 days			87,414	0.11
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Japan), Inc.	Affiliated enterprise	Operating revenue	2,533,378	0.88	70 days			703,785	0.89
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Facilities (Japan), Inc.	Affiliated enterprise	Operating revenue	329,991	0.11	70 days			3,150	-
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Korea), Inc.	Affiliated enterprise	Operating revenue	271,374	0.09	70 days			68,205	0.09

Table 4-6

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	Operating revenue	$ 2,423,165	0.84	70 days			$ 263,170	0.33
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (NORWAY) AS	Affiliated enterprise	Operating revenue	1,046,663	0.36	70 days			168,362	0.21
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Poland) Sp. z o.o.	Affiliated enterprise	Operating revenue	135,052	0.05	70 days			58,645	0.07
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Sweden) AB	Affiliated enterprise	Operating revenue	117,037	0.04	70 days			23,791	0.03
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Slovakia), s.t.o.	Affiliated enterprise	Operating revenue	788,649	0.27	70 days			127,283	0.16
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	7,601,052	2.65	70 days			1,887,067	2.39
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Greentech Electronics Industry LLC	Affiliated enterprise	Operating revenue	249,060	0.09	70 days			24,487	0.03
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics, Inc.	Ultimate Parent Company	Operating revenue	32,653,998	11.36	70 days			15,608,296	19.80
Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	Operating revenue	22,165,393	7.70	90 days after delivery			9,820,195	12.46
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Americas) Ltd.	Affiliated enterprise	Operating revenue	3,844,383	1.33	70 days			1,284,587	1.63
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (USA) INC.	Affiliated enterprise	Operating revenue	6,849,345	2.37	70 days			1,029,999	1.31
Delta Electronics (Slovakia), s.t.o.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	Operating revenue	1,059,813	14.22	70 days			341,209	13.88
Delta Electronics (Slovakia), s.t.o.	DELTA ELECTRONICS (NORWAY) AS	Affiliated enterprise	Operating revenue	613,257	8.27	70 days			42,954	1.75
Delta Electronics (Slovakia), s.t.o.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	4,407,010	59.08	70 days			1,623,901	66.06
Delta Electronics (Slovakia), s.t.o.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	1,203,845	16.16	70 days			407,769	16.59

Table 4-7

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Eltek s.r.o.	DELTA ELECTRONICS (NORWAY) AS	Affiliated enterprise	Operating revenue	$ 460,624	49.73	70 days			$ -	-
Eltek s.r.o.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	518,699	56.12	70 days			-	-
Delta Electronics (Thailand) Public Company Limited	Delta Energy Systems (Germany) GmbH	Affiliated enterprise	Operating revenue	264,964	0.16	70 days			35,761	0.08
Delta Electronics (Thailand) Public Company Limited	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	Operating revenue	146,013	0.09	90 days after delivery			9,435	0.02
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Japan), Inc.	Affiliated enterprise	Operating revenue	175,636	0.11	70 days			55,327	0.12
Delta Electronics (Thailand) Public Company Limited	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	11,754,624	7.13	70 days			3,858,736	8.25
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Slovakia), s.r.o.	Affiliated enterprise	Operating revenue	241,488	0.15	70 days			68,718	0.15
Delta Electronics (Thailand) Public Company Limited	Eltek s.r.o.	Affiliated enterprise	Operating revenue	142,023	0.08	70 days			-	-
Delta Electronics (Thailand) Public Company Limited	Delta Electronics, Inc.	Ultimate Parent Company	Operating revenue	2,777,919	1.67	70 days			1,053,799	2.25
Delta Electronics (Thailand) Public Company Limited	DET Logistics (USA) Corporation	Affiliated enterprise	Operating revenue	66,103,935	40.16	90 days after delivery			28,453,201	60.81
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Americas) Ltd.	Affiliated enterprise	Operating revenue	813,649	0.49	70 days			310,329	0.66
Delta Green Industrial (Thailand) Co., Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	125,516	20.47	70 days			95,698	58.47
VIVOTEK INC.	Delta Electronics, Inc.	Ultimate Parent Company	Operating revenue	347,043	5.09	75 days			95,357	8.57
DEI Logistics (USA) Corp.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	160,891	0.46	70 days			9,800	0.12
Delta Electronics (Americas) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	1,044,295	2.56	70 days			126,834	1.63

Table 4-8

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Delta Electronics (Americas) Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	$ 1,011,445	2.50	70 days			$ 102,795	1.32
Delta Electronics (Automotive) Americas Inc.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	335,924	100.00	70 days			-	-
DELTA ELECTRONICS (USA) INC.	Delta Electronics (Americas) Ltd.	Affiliated enterprise	Operating revenue	852,424	1.95	70 days			493,369	5.59
March Networks Corporation	March Networks, Inc.	Affiliated enterprise	Operating revenue	1,479,434	72.64	30 days	Note	Note	320,241	63.85
March Networks Corporation	March Networks de Mexico, S.A. de C.V.	Affiliated enterprise	Operating revenue	117,534	5.77	30 days	Note	Note	27,071	5.40
March Networks S.r.l.	March Networks Corporation	Affiliated enterprise	Operating revenue	246,992	53.53	30 days	Note	Note	58,094	33.31
Trihedral Engineering Limited	Trihedral Inc.	Affiliated enterprise	Operating revenue	265,003	60.26	70 days	Note	Note	22,330	36.87
Power Forest Technology Corporation	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	183,480	38.26	70 days	Note	Note	7,510	23.96
VIVOTEK INC.	Vivotek USA, INC.	Affiliated enterprise	Operating revenue	281,985	4.00	75 days	Note	Note	33,866	3.00
VIVOTEK INC.	Delta Electronics, Inc.	Ultimate Parent Company	Operating revenue	207,909	3.00	75 days	Note	Note	95,357	9.00

Note : The prices and terms of goods sold were 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.

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, 2025

Table 5

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

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2025 (Note 1)	Turnover rate	Overdue receivables		Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
Delta Electronics, Inc.	DELTA ELECTRONICS (AUSTRALIA) PTY LTD	Subsidiary	$ 195,841	8.85	$ -		$ 27,000
Delta Electronics, Inc.	DELTA ELECTRONICS BRASIL LTDA.	Subsidiary	315,688	2.39	-		195
Delta Electronics, Inc.	Delta Electronics (Jiangsu) Ltd.	Subsidiary	474,531	0.98	-		-
Delta Electronics, Inc.	Delta Electronics (Shanghai) Co., Ltd.	Subsidiary	209,021	1.02	-		-
Delta Electronics, Inc.	DELTA ELECTRONICS (UK) LTD	Subsidiary	391,381	2.00	-		386,662
Delta Electronics, Inc.	Delta Electronics (Japan), Inc.	Subsidiary	236,311	2.28	-		58,962
Delta Electronics, Inc.	Delta Electronics (Netherlands) B.V.	Subsidiary	2,347,126	3.36	-		424,108
Delta Electronics, Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Subsidiary	3,063,607	0.43	-		2,737,077
Delta Electronics, Inc.	Delta Electronics (Thailand) Public Company Limited	Subsidiary	1,575,678	6.99	51,964		1,079,583
Delta Electronics, Inc.	DEI Logistics (USA) Corp.	Subsidiary	1,988,212	6.46	83,609		763,487
Delta Electronics, Inc.	Delta Electronics (Americas) Ltd.	Subsidiary	7,707,057	4.21	-		3,360,383
Delta Electronics, Inc.	DELTA ELECTRONICS (USA) INC.	Subsidiary	10,334,802	4.32	4		3,364,512
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	1,807,257	3.68	-		594,412
Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	10,551,913	5.53	-		9,332,061
Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	5,835,048	3.42	-		1,640,757
Delta Electronics (Jiangsu) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	5,952,090	11.03	4,174		630,899
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	105,728	6.07	-		34,925
Delta Electronics (Shanghai) Co., Ltd.	Delta Greentech (China) Co., Ltd.	Affiliated enterprise	4,361,547	3.40	-		1,056,380

Table 5-1

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2025 (Note 1)	Turnover rate	Overdue receivables		Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Pingtan) Co., Ltd.	Affiliated enterprise	$ 721,814	2.84	$ -		$ 100,726
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	223,549	10.26	-		223,549
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	103,658	6.18	-		103,658
Delta Greentech (China) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	149,965	5.40	-		-
Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	158,644	-	-		17,726
Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	628,186	6.86	83,564		154,007
Delta Electronics (Chenzhou) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	164,040	4.59	-		65,682
Delta Electronics (Chenzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	1,185,441	5.26	-		911,470
Chenzhou Delta Technology Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	673,487	4.02	-		235,450
Chenzhou Delta Technology Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Affiliated enterprise	186,729	3.61	-		52,904
Chenzhou Delta Technology Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	309,532	5.58	-		238,868
Delta Electronics (Chongqing) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	117,108	10.71	-		117,108
Cyntec Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	251,009	-	-		251,009
Cyntec Co., Ltd.	Delta Electronics, Inc.	Ultimate parent company	899,506	3.76	-		304,532
Cyntec Electronics (Suzhou) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	199,144	2.64	-		9,342
Cyntec Electronics (Suzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	1,311,326	10.10	-		1,227,142
Cyntec Electronics (WuHu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	701,035	10.76	-		662,535
Delta Energy Systems (Germany) GmbH	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	394,821	15.17	-		171,807
Delta Electronics India Pvt. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	1,180,658	3.73	-		382,282

Table 5-2

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2025 (Note 1)	Turnover rate	Overdue receivables		Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	$ 369,913	7.44	$ 4,025		$ 68,912
Delta Electronics (Myanmar) Co., Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	103,882	-	103,434		-
Delta Electronics (Netherlands) B.V.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	100,034	9.72	-		100,034
Delta Electronics (Netherlands) B.V.	Delta Greentech Electronics Industry LLC	Affiliated enterprise	271,049	2.27	-		21,837
DELTA ELECTRONICS (NORWAY) AS	Delta Electronics (Slovakia), s.r.o.	Affiliated enterprise	537,255	3.65	-		82,756
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS MEA DMCC	Affiliated enterprise	108,481	2.50	-		-
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS BRASIL LTDA.	Affiliated enterprise	154,537	2.56	-		21,613
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	9,255,831	4.00	-		459,457
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Switzerland) AG	Affiliated enterprise	431,774	2.48	-		137,472
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	3,434,178	9.31	-		2,456,524
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Affiliated enterprise	1,189,779	3.44	156,843		628,600
Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec Co., Ltd.	Affiliated enterprise	1,609,440	2.50	-		166,028
Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec Electronics (Suzhou) Co., Ltd.	Affiliated enterprise	165,625	4.94	-		53,345
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Affiliated enterprise	108,943	3.86	-		30,294
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA Electronics (Germany) GmbH	Affiliated enterprise	199,858	3.78	-		63,128
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS SOLUTIONS (SPAIN) SL	Affiliated enterprise	121,577	2.73	-		29,823
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (UK) LTD	Affiliated enterprise	136,975	3.42	-		63,949
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	804,477	3.25	47,251		198,026
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Affiliated enterprise	229,440	1.26	9,895		18,595
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Japan), Inc.	Affiliated enterprise	703,785	4.56	-		259,734

Table 5-3

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2025 (Note 1)	Turnover rate	Overdue receivables		Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	$ 263,170	8.39	$ 2,773		$ 211,474
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (NORWAY) AS	Affiliated enterprise	168,362	6.87	40,062		130,184
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Slovakia), s.r.o.	Affiliated enterprise	127,283	15.91	50,626		104,035
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	1,887,067	5.01	6,510		714,016
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics, Inc.	Ultimate parent company	15,608,296	2.90	4,115,825		4,547,924
Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	9,820,195	2.43	283,708		2,390,788
Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Americas) Ltd.	Affiliated enterprise	1,284,587	3.13	802		533,513
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (USA) INC.	Affiliated enterprise	1,029,999	3.38	-		225,787
Delta Electronics (Slovakia), s.r.o.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	341,209	2.66	-		62,903
Delta Electronics (Slovakia), s.r.o.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	1,623,901	3.60	12,352		808,742
Delta Electronics (Slovakia), s.r.o.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	407,769	3.58	-		209,974
Delta Electronics (Thailand) Public Company Limited	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	3,858,736	4.21	272,869		1,456,915
Delta Electronics (Thailand) Public Company Limited	Delta Electronics, Inc.	Ultimate parent company	1,053,799	4.36	472		331,645
Delta Electronics (Thailand) Public Company Limited	DET Logistics (USA) Corporation	Affiliated enterprise	28,453,201	3.12	951,818		10,178,935
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Americas) Ltd.	Affiliated enterprise	310,329	3.01	72,918		180,034
Delta Electronics (Americas) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	126,834	16.12	-		126,834
Delta Electronics (Americas) Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	102,795	12.39	-		102,795
DELTA ELECTRONICS (USA) INC.	Delta Electronics (Americas) Ltd.	Affiliated enterprise	922,936	3.45	-		144,724
Delta International Holding Limited B.V.	ACT Genomics Co., Ltd.	Affiliated enterprise	945,315	-	-		-

Table 5-4

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2025 (Note 1)	Turnover rate	Overdue receivables		Amount collected subsequent to the balance date (Note 2)
					Amount	Action taken
Delta International Holding Limited B.V.	Delta Intelligent Building Technologies (Canada) INC.	Affiliated enterprise	$ 441,744	-	$ -		$ -
Delta International Holding Limited B.V.	Delta Electronics (H.K.) Ltd.	Affiliated enterprise	12,972,548	-	-		-
Delta International Holding Limited B.V.	TB&C GmbH	Affiliated enterprise	1,162,193	-	-		-
Delta International Holding Limited B.V.	Delta Electronics (Netherlands) B.V.	Affiliated enterprise	158,977	-	-		-
Delta International Holding Limited B.V.	Delta Electronics (Slovakia), s.r.o.	Affiliated enterprise	369,000	-	-		-
Delta International Holding Limited B.V.	Delta Intelligent Building Technologies (USA), LLC	Affiliated enterprise	722,890	-	-		-
Delta International Holding Limited B.V.	DELTA ELECTRONICS (USA) INC.	Affiliated enterprise	5,405,228	-	-		-
DET International Holding B.V.	Delta Energy Systems Mobility (Germany) GmbH	Affiliated enterprise	259,621	-	-		-
DET International Holding B.V.	Delta Electronics India Pvt. Ltd.	Affiliated enterprise	2,462,890	-	-		-
Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Chongqing) Ltd.	Affiliated enterprise	1,570,673	-	-		-
Delta Component Limited B.V.	Delta Intelligent Building Technologies (Canada) INC.	Affiliated enterprise	1,609,210	-	-		-
Delta Component Limited B.V.	Delta Electronics (H.K.) Ltd.	Affiliated enterprise	9,061,706	-	-		-
Delta Component Limited B.V.	TB&C GmbH	Affiliated enterprise	184,761	-	-		-
Cyntec Electronics (Suzhou) Co., Ltd.	Cyntec Electronics (WuHu) Co., Ltd.	Affiliated enterprise	995,339	-	-		-
Delta Energy Systems (Germany) GmbH	Delta Energy Systems Mobility (Germany) GmbH	Affiliated enterprise	1,138,365	-	-		-
Delta Electronics India Pvt. Ltd.	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	Affiliated enterprise	631,360	-	72,987		-
DELTA ELECTRONICS (NORWAY) AS	Graterudveien 8 AS	Affiliated enterprise	412,179	-	-		-
Delta Electronics (Americas) Ltd.	Delta Electronics, Inc.	Ultimate parent company	166,160	-	-		-
March Networks Corporation	March Networks, Inc.	Affiliated enterprise	320,241	5.36	-		120,987

Note 1: Including other receivables in excess of $100,000.
Note 2: The amount represents collections subsequent to January 1, 2026 up to February 25, 2026.

Delta Electronics, Inc. and Subsidiaries

Significant inter-company transactions during the reporting period

Year ended December 31, 2025

Table 6

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

Number (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction
				General ledger account	Amount (Note 7)	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
0	Delta Electronics, Inc.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Subsidiary	Operating revenue	$ 25,832,120	(Note 4)	4.66
0	Delta Electronics, Inc.	Delta Electronics (Thailand) Public Company Limited	Subsidiary	Operating revenue	10,287,774	(Note 4)	1.85
0	Delta Electronics, Inc.	DEI Logistics (USA) Corp.	Subsidiary	Operating revenue	10,339,787	(Note 5)	1.86
0	Delta Electronics, Inc.	Delta Electronics (Americas) Ltd.	Subsidiary	Operating revenue	24,409,881	(Note 4)	4.40
0	Delta Electronics, Inc.	DELTA ELECTRONICS (USA) INC.	Subsidiary	Operating revenue	26,568,158	(Note 4)	4.79
1	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	7,061,675	(Note 4)	1.27
1	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	50,498,653	(Note 4)	9.10
2	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Affiliated enterprise	Operating revenue	17,479,310	(Note 4)	3.15
2	Delta Electronics (Jiangsu) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	64,742,515	(Note 4)	11.67
3	Delta Electronics (Shanghai) Co., Ltd.	Delta Greentech (China) Co., Ltd.	Affiliated enterprise	Operating revenue	14,716,734	(Note 4)	2.65
4	Cyntec Electronics (Suzhou) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	14,899,216	(Note 4)	2.69
5	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	7,078,462	(Note 4)	1.28
6	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Operating revenue	31,705,584	(Note 4)	5.71
6	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Jiangsu) Ltd.	Affiliated enterprise	Operating revenue	26,158,206	(Note 4)	4.71
6	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Thailand) Public Company Limited	Affiliated enterprise	Operating revenue	7,601,052	(Note 4)	1.37
6	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics, Inc.	Ultimate Parent Company	Operating revenue	32,653,998	(Note 4)	5.88

Table 6-1

Number (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction
				General ledger account	Amount (Note 7)	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
6	Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	Operating revenue	$ 22,165,393	(Note 5)	3.99
6	Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS (USA) INC.	Affiliated enterprise	Operating revenue	6,849,345	(Note 4)	1.23
7	Delta Electronics (Thailand) Public Company Limited	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Operating revenue	11,754,624	(Note 4)	2.12
7	Delta Electronics (Thailand) Public Company Limited	DET Logistics (USA) Corporation	Affiliated enterprise	Operating revenue	66,103,935	(Note 5)	11.91
0	Delta Electronics, Inc.	Delta Electronics (Americas) Ltd.	Subsidiary	Accounts receivable	7,707,057	(Note 4)	1.20
0	Delta Electronics, Inc.	DELTA ELECTRONICS (USA) INC.	Subsidiary	Accounts receivable	10,334,802	(Note 4)	1.61
1	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Affiliated enterprise	Accounts receivable	10,551,913	(Note 4)	1.65
6	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Affiliated enterprise	Accounts receivable	9,255,831	(Note 4)	1.45
6	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics, Inc.	Ultimate Parent Company	Accounts receivable	15,608,296	(Note 4)	2.44
6	Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Affiliated enterprise	Accounts receivable	9,820,195	(Note 5)	1.53
7	Delta Electronics (Thailand) Public Company Limited	DET Logistics (USA) Corporation	Affiliated enterprise	Accounts receivable	28,453,201	(Note 5)	4.45
8	Delta International Holding Limited B.V.	Delta Electronics (H.K.) Ltd.	Affiliated enterprise	Other receivables - related parties	12,972,548	(Note 6)	2.03
9	Delta Component Limited B.V.	Delta Electronics (H.K.) Ltd.	Affiliated enterprise	Other receivables - related parties	9,061,706	(Note 6)	1.42

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.

Delta Electronics, Inc. and Subsidiaries

Information on investees

Year ended December 31, 2025

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

Table 7

Investor	Investee	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net profit (loss) of the investee for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025 (Note 6)	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	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	$ 89,445,424	$ 5,524,238	$ 5,038,319
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	45,893,270	6,288,800	6,463,801
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	7,280,226	23,359,589	1,150,367	(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	38,632,822	2,563,938	2,549,183
Delta Electronics, Inc.	DelBio Inc.	Taiwan	Manufacturing, wholesale and retail of medical equipment	900,000	900,000	11,288,557	100.00	100,675	( 5,497)	( 5,411)
Delta Electronics, Inc.	Delta Electronics Capital Company	Taiwan	Equity investments	3,253,241	3,253,241	449,786,729	100.00	4,738,421	18,246	18,246
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	99,296,751	24,184,647	22,288,569
Delta Electronics, Inc.	Delta America Ltd.	U.S.A.	Equity investments	103,065	103,065	2,100,000	10.26	( 796,834)	1,658,795	238,478	(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	4,481,473	4,471,534	49,239,058	56.88	4,206,943	( 9,310)	( 67,066)
Delta Electronics, Inc.	Chunghwa SEA Holdings	Taiwan	Equity investments	8,800	8,800	880,000	44.00	7,836	( 329)	( 145)	(Note 24)
Delta Electronics, Inc.	Delmind Inc.	Taiwan	Provide vertical add-on value solution	284,000	210,000	30,000,000	100.00	191,188	( 49,852)	( 37,009)	(Note 24)
Delta Electronics, Inc.	Ancora Semiconductors Inc.	Taiwan	Gallium Nitride (GaN) technologies and solutions	837,011	470,000	47,486,038	68.33	268,281	( 234,154)	( 157,132)	(Note 18)
Delta Electronics, Inc.	Delta Energy Inc.	Taiwan	Energy technology services	575,000	200,000	57,500,000	100.00	431,391	( 77,242)	( 77,242)
Delta Electronics, Inc.	Atrust Computer Corporation	Taiwan	Research, development, manufacturing and sales of Thin Client, Zero Client, server and management software	950,259	950,259	28,825,000	55.02	440,997	82,050	44,631
Delta Electronics, Inc.	Power Forest Technology Corporation	Taiwan	IC design of power management	289,587	112,500	12,870,215	37.96	49,622	( 161,104)	( 54,983)	(Note 4)
Delta Electronics, Inc.	MUSASHI DELTA E-AXLE INDIA PRIVATE LIMITED	India	Manufacturing, Development, and Sales of Electric Scooter Motor Systems	212,261	212,261	54,400,000	34.00	131,984	( 32,254)	( 10,966)
Delta Electronics, Inc.	Delta Holding Inc.	Taiwan	Equity investments	1,000	1,000	100,000	100.00	967	6	6

Table 7-1

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net profit (loss) of the investee for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025 (Note 6)	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares	Ownership (%)	Book value
Delta Electronics, Inc.	ACT Holdings Company Limited	Cayman Islands	Equity investments	$ -	$ -	-	-	$ -	($ 32,013)	($ 32,013)	(Note 20 and Note 23)
Delta Electronics, Inc.	ACT Genomics Holdings Company Limited	Cayman Islands	Equity investments	2,291,625	-	75,000,000	100.00	2,202,488	( 595,505)	( 83,016)	(Note 20 and Note 23)
Delta Electronics, Inc.	TwHealth Nexus Inc	Taiwan	Information software and data processing service provider	60,000	-	6,000,000	20.00	59,354	( 3,230)	( 646)	(Note 14)
Atrust Computer Corporation	Atrust Japan Corporation	Japan	Provide supporting services	32,128	32,128	3,200	100.00	4,371	( 1,909)	( 1,909)	(Note 19)
Atrust Computer Corporation	Atrust Computer Corporation	U.S.A.	Provide supporting services	-	-	-	100.00	-	-	-	(Note 3 and Note 19)
Delta Energy Inc.	Yishi Energy	Taiwan	Operating domestic and international solar and other renewable energy power plants	97,500	-	9,750,000	15.00	97,763	1,753	263	(Note 14 and Note 20)
Delta Electronics Capital Company	Ancora Semiconductors Inc.	Taiwan	Gallium Nitride (GaN) technologies and solutions	76,227	40,000	5,035,065	7.25	37,037	( 234,154)	( 16,976)	(Note 18)
Delta International Holding Limited B.V.	Delta Electronics (Thailand) Public Company Limited	Thailand	Manufacturing and exporting power supplies, other electronic parts and components	12,910,031	12,910,031	1,830,611,700 (Note21)	14.68	20,359,772	23,359,589	3,195,518	(Note 1 and Note 13)
Delta International Holding Limited B.V.	DEI Logistics (USA) Corp.	U.S.A.	Warehousing and logistics services	90,235	90,235	1,000,000	100.00	289,401	23,089	23,089	(Note 1)
Delta International Holding Limited B.V.	Delta Electronics (Japan), Inc.	Japan	Sales of power products, display solution products, electronic components, industrial automation products and materials	2,462,475	2,462,475	119,200	100.00	3,766,353	301,545	301,545	(Note 1)
Delta International Holding Limited B.V.	Digital Projection International Limited	Britain	Equity investments	821,155	821,155	61,789,874	100.00	23,375	( 62,521)	( 158,489)	(Note 1)
Delta International Holding Limited B.V.	Delta Electronics (Switzerland) AG	Switzerland	Equity investments, research, development and sales of electronic products	639,425	639,425	10,000	100.00	1,004,528	90,337	83,907	(Note 1)
Delta International Holding Limited B.V.	DELTA ELECTRONICS HOLDING (USA) INC.	U.S.A.	Equity investments	2,146,352	2,146,352	1,060,624	100.00	4,963,379	1,298,106	1,298,106	(Note 1)
Delta International Holding Limited B.V.	DELTA ELECTRONICS (NORWAY) AS	Norway	Research, development and sales of power supplies and others	15,625,974	15,625,974	93,531,101	100.00	11,730,866	535,579	88,744	(Note 1)
Delta International Holding Limited B.V.	Delta Intelligent Building Technologies (Canada) INC.	Canada	Provide solutions to building management and control	2,357,250	2,357,250	75,000,000	100.00	3,212,633	89,933	89,933	(Note 1)
Delta International Holding Limited B.V.	March Networks Holdings Ltd.	Canada	Equity investments	3,914,963	3,914,963	10,000	100.00	3,686,746	126,354	10,559	(Note 1)
Delta International Holding Limited B.V.	UI Acquisition Holding Co.	U.S.A.	Equity investments	2,935,562	2,935,562	334	100.00	820,253	( 401,763)	( 401,763)	(Note 1)
Delta International Holding Limited B.V.	Delta America Ltd.	U.S.A.	Equity investments	1,622,777	1,622,777	18,374,182	89.74	6,620,005	1,658,795	1,487,691	(Note 1 and Note 9)
Delta International Holding Limited B.V.	Trihedral Engineering Limited	Canada	Graphic control software and related engineering services	1,121,251	1,121,251	51,495	100.00	1,615,966	157,412	126,312	(Note 1)

Table 7-2

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net profit (loss) of the investor for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025 (Note 6)	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares	Ownership (%)	Book value
Delta International Holding Limited B.V.	Delta Intelligent Building Technologies (USA), LLC	U.S.A.	Design and production of dedicated lighting system and facilities	$ 3,071,308	$ 3,071,308	-	100.00	$ 1,993,067	$ 38,678	($ 1,091,547)	(Note 1)
Delta International Holding Limited B.V.	TB&C GmbH	Germany	Production, manufacturing, and sales of electric vehicle (EV) related components; technical services, development, and support	5,761,846	5,620,237	21	100.00	3,616,765	(401,895)	(720,311)	(Note 1)
Delta International Holding Limited B.V.	DELTA ELECTRONICS (SOUTH Africa AFRICA) (PTY) LTD	South Africa	Engaging in the Trading of Electronic Products	12,916	12,916	200	100.00	15,686	1,390	1,390	(Note 1)
Delta International Holding Limited B.V.	Delta Electronics Arabia Company	Saudi Arabia	Engaging in the Trading of Electronic Products	-	-	-	100.00	-	-	-	(Note 1 - Note 3 - Note 20)
Delta America Ltd.	Delta Electronics (Americas) Ltd.	U.S.A.	Sales of electronic components	237,431	237,431	250,000	100.00	4,779,850	1,414,230	1,414,230	(Note 15)
Digital Projection International Ltd.	Digital Projection Holdings Limited	Britain	Equity investments	660,578	660,578	50,118,547	100.00	22,013	( 62,521)	( 62,521)	(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	307,913	307,913	2,733,483	100.00	296,340	27,110	27,110	(Note 2)
Delta Electronics (Netherlands) B.V.	Delta Electronics (H.K.) Ltd.	Hong Kong	Equity investments, operations management and engineering services	10,321,520	10,321,520	2,549,297,600	100.00	36,599,006	5,351,218	5,351,218	(Note 8)
Delta Electronics (Netherlands) B.V.	Drake Investment (HK) Limited	Hong Kong	Equity investments	8,522,758	8,522,758	1,081,056,306	100.00	8,045,832	448,363	443,628	(Note 8)
Delta Electronics (Netherlands) B.V.	Delta Greentech Electronics Industry LLC	Turkey	Marketing and sales of electronic products	490,937	490,937	6,729,807	100.00	556,460	166,841	191,565	(Note 8)
Delta Electronics (Netherlands) B.V.	DELTA GREENTECH (BRASIL) LTDA.	Brazil	Manufacturing and sales of electronic products	223,467	223,467	4,315,657	100.00	180,526	7,437	7,437	(Note 8)
Delta Electronics (Netherlands) B.V.	DELTA ELECTRONICS BRASIL LTDA.	Brazil	Manufacturing and sales of electronic products	637,511	637,511	87,000,000	100.00	888,184	121,592	121,592	(Note 8)
Delta Electronics (Netherlands) B.V.	Delta Electronics (Kazakhstan) Limited Liability Partnership	Kazakhstan	Engaging in the Trading of Electronic Products	9,024	-	-	100.00	9,243	-	-	(Note 3 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	37,604,481	37,604,481	5,344,793,060	42.85	60,768,811	23,359,589	9,327,518	(Note 7 and Note 13)
Delta Electronics Int'l (Singapore) Pte. Ltd.	ELTEK POWER INCORPORATED	Philippines	Sales of power supplies and others	23,677	23,677	11,400,000	100.00	8,905	4,571	4,571	(Note 7)
Delta Electronics Int'l (Singapore) Pte. Ltd.	ELTEK POWER CO., LTD.	Thailand	Sales of power supplies and others	4,127	4,127	40,000	100.00	73,386	( 2,073)	( 2,073)	(Note 7)
Delta Electronics Int'l (Singapore) Pte. Ltd.	ELTEK POWER (CAMBODIA) LTD	Cambodia	Sales of power supplies and others	-	-	1,000	100.00	( 19,689)	-	-	(Note 7)
Delta Electronics Int'l (Singapore) Pte. Ltd.	DELTA ELECTRONICS SOLUTIONS (MALAYSIA) SDN. BHD.	Malaysia	Sales of power supplies and others	183,714	183,714	16,300,000	100.00	112,596	23,303	23,303	(Note 7)
Delta Electronics Int'l (Singapore) Pte. Ltd.	Loy Tec electronics GmbH	Austria	Provide solutions to building management and control	2,550,841	2,550,841	-	100.00	1,459,154	142,529	32,770	(Note 7)

Table 7-3

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net profit (loss) of the investee for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025 (Note 6)	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares	Ownership (%)	Book value
Cyntec Co., Ltd.	Delta Component Limited B.V.	Netherlands	Equity investments	$ 1,116,521	$ 1,116,521	32,740,062	100.00	$ 36,625,642	$ 1,194,570	$ 1,194,570	(Note 5)
Cyntec Co., Ltd.	Power Forest Technology Corporation	Taiwan	IC design of power management	347,387	347,387	15,432,000	45.52	34,447	(161,104)	(84,732)	(Note 4 and Note 5)
Delta Electronics (Thailand) Public Company Limited	DET International Holding B.V.	Netherlands	Equity investments	10,268,100	9,639,422	288,049,329	100.00	10,631,823	401,762	404,163	(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	206,391	206,391	20,600,000	100.00	53,812	44,786	44,754	(Note 16)
Delta Electronics (Thailand) Public Company Limited	Delta Energy Systems (Singapore) PTE. LTD.	Singapore	Equity investments, trading, management and consultancy	11,582,356	10,483,319	344,521,612	100.00	12,506,436	269,474	282,926	(Note 16)
Delta Electronics (Thailand) Public Company Limited	Delta Electronics (Vietnam) Company Limited	Vietnam	Sales of electronic products	3,036	3,036	-	100.00	81,045	39,300	39,300	(Note 16)
Delta Electronics (Thailand) Public Company Limited	DELTA ELECTRONICS INDIA MANUFACTURING PRIVATE LIMITED	India	Manufacturing and sales of electronic products	1,741,987	1,295,147	374,890,999	100.00	1,140,451	75,445	63,152	(Note 16)
Delta Electronics (Thailand) Public Company Limited	PT Delta Electronics Indonesia	Indonesia	Trading and installation of electronic products	21,239	21,239	999,999	100.00	17,385	(2,019)	(2,019)	(Note 16)
Delta Electronics (Thailand) Public Company Limited	DLG Electronic Co., Ltd	Thailand	Manufacturing of electronic components	1,503	501	150,000	10.00	2,227	7,469	747	(Note 14)
Delta Electronics (Thailand) Public Company Limited	DLS Electronic Co., Ltd	Thailand	Manufacturing of electronic components	501	501	50,000	10.00	655	3,079	308	(Note 14)
Delta Electronics (Thailand) Public Company Limited	DELTA ELECTRONICS PHILIPPINES INC.	Philippines	Sales and system implementation services for power management, automotive, automation, and energy infrastructure solutions.	6,903	-	11,781,596	100.00	5,755	(557)	(557)	(Note 16 and Note 20)
Delta Electronics (Thailand) Public Company Limited	TDRF Electronics Company Limited	Thailand	Manufacturing of electronic components	802	-	80,000	5.00	782	(375)	(19)	(Note 14 and Note 20)
Vivotek Inc.	Realwin Investment Inc.	Taiwan	Venture capital company	173,696	173,696	17,369,635	100.00	205,056	22,911	20,773	(Note 11)
Vivotek Inc.	Vivotek Holdings, Inc.	U.S.A.	Holding company	31,555	31,555	1,050	100.00	424,248	26,282	26,282	(Note 11)
Vivotek Inc.	Vivotek Netherlands B.V.	Netherlands	Sales service	11,418	11,418	3,000	100.00	30,425	4,785	4,785	(Note 11)
Vivotek Inc.	Vivotek (Japan) Inc.	Japan	Sales service	17,939	17,939	6,600	100.00	21,298	904	904	(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	471,077	26,515	26,515	(Note 10)
Realwin Investment Inc.	Lidlight Inc.	Taiwan	Sales of lighting equipment	10,200	10,200	1,020,000	51.00	1,151	(2,837)	(1,447)	(Note 12)
Realwin Investment Inc.	Aetek Inc.	Taiwan	Sales of webcams and related components	34,045	34,045	3,372,500	56.21	91,554	33,007	18,553	(Note 12)

Table 7-4

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net profit (loss) of the investor for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025 (Note 6)	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares	Ownership (%)	Book value
Realwin Investment Inc.	Wellstates Investment, LLC	U.S.A.	Investment and leasing of commercial real estate related business	$ 34,859	$ 34,859	-	100.00	$ 77,035	$ 5,192	$ 5,192	(Note 12)
ACT Genomics Holdings Company Limited	ACT GENOMICS (SINGAPORE) PTE. LTD.	Singapore	Genetic testing business development office	259,427	68,093	2,785,000	100.00	( 22)	( 30,431)	( 30,431)	(Note 20 and Note 22)
ACT Genomics Holdings Company Limited	ACT Genomics Co., Ltd.	Taiwan	Cancer genetic testing laboratory and data analysis services	454,716	454,716	45,469,940	99.92	( 976,343)	( 70,519)	( 70,519)	(Note 20 and Note 22)
ACT Genomics Holdings Company Limited	ACT Genomics (Hong Kong) Limited	Hong Kong	Basic genetic testing laboratory services and business sales representative office	478,718	23,779	100,000	100.00	27,961	( 31,654)	( 31,654)	(Note 20 and Note 22)
ACT Genomics Holdings Company Limited	ACT Genomics (IP) Limited	Hong Kong	Centralized management of company-generated patents	18,087	40	10,000	100.00	( 45)	( 96)	( 96)	(Note 20 and Note 22)
ACT Genomics Holdings Company Limited	Sanomics Holdings Limited	British Virgin Islands	Equity investments	193,894	193,894	911,681	100.00	287,122	( 101,290)	( 101,290)	(Note 20 and Note 22)
ACT Genomics Holdings Company Limited	MC DIAGNOSTICS LTD	Britain	Providing HLA typing, antibody testing, and blood group diagnosis using the ALDAS platform	71,114	71,114	1,164	100.00	( 54,201)	( 153,879)	( 153,879)	(Note 20 and Note 22)
ACT Genomics Holdings Company Limited	ACT Genomics Japan Co., Ltd.	Japan	Genetic testing business development office	4,016	4,016	2,000	100.00	323	49,357	49,357	(Note 20 and Note 22)

Note 1: The Company's second-tier subsidiary or subsidiary's investor 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 capital has not yet been injected.
Note 4: The Company indirectly acquired $45.52\%$ equity shares through Cyntec Co., Ltd. considering the $37.96\%$ equity shares held by the Company, the total ownership was $83.48\%$ .
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 through Delta International Holding Limited 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 holds $14.68\%$ and $42.85\%$ equity interests through Delta International Holding Limited B.V. and Delta Electronics Int'l (Singapore) Pte. Ltd., respectively; together with the Company's direct $5.54\%$ holding, the combined ownership is $63.07\%$ .
Note 14: The Company's associate was recognised as investment gains/losses due to significant influence by the Company, 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 Limited.
Note 18: The Company indirectly acquired $7.25\%$ equity shares through Delta Electronics Capital Company considering the $68.33\%$ equity shares held by the Company, the total ownership was $75.58\%$ .
Note 19: The Company's second-tier subsidiary, which was recognised as investment gains/losses through Atrust Computer Corporation.
Note 20: The Company newly established or newly invested in the year 2025.
Note 21: Please refer to Note 6(14)B.(f) for details regarding the transfer of 62,000 thousand shares to the underwriting institutions.
Note 22: The Company's second-tier subsidiary, which was recognised as investment gains/losses through ACT Genomics Holdings Company Limited.
Note 23: The company was undergoing organizational restructuring in November,2025. After consolidation,ACT Genomics Holdings Company Limited is the surviving Company,ACT Holdings Company Limited is the eliminated Company.
Note 24: The company is undergoing dissolution and liquidation.

Delta Electronics, Inc. and Subsidiaries

Information on investments in Mainland China

Year ended December 31, 2025

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

Table 8

Investor in Mainland China	Main business activities	Paid-in capital	Investment method	Accumulated amount of remittance from Taiwan to Mainland China as at January 1, 2025	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2025		Accumulated amount of remittance from Taiwan to Mainland China as at December 31, 2025	Net income (loss) of investee for the year ended December 31, 2025	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2025	Book value of investments in Mainland China as at December 31, 2025	Accumulated amount of investment income remitted back to Taiwan as at December 31, 2025	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Delta Electronics (Dongguan) Co., Ltd.	Manufacturing and sales of transformer and thermal products	$ 5,827,436	Invested by DHK	$ 7,135,711	$ -	$ -	$ 7,135,711	$ 1,544,290	100.00	$ 1,537,075	$ 10,026,373	$ 303,614	(Note 5)
Delta Electronics (Shanghai) Co., Ltd.	Product design, management consulting service and distribution of electronic products	3,565,355	Invested by DHK	491,674	-	-	491,674	1,800,998	100.00	1,799,184	9,967,343	-	(Note 5)
Delta Electronics (Wuhu) Co., Ltd.	Manufacturing and sales of LED light source, power supplies and others	4,211,620	Invested by DHK	537,806	-	-	537,806	266,052	100.00	266,052	4,347,808	-	(Note 5)
Delta Electronics (Chenzhou) Co., Ltd.	Manufacturing and sales of transformers	1,980,090	Invested by DHK	134,360	-	-	134,360	281,359	100.00	279,623	2,762,022	-	(Note 5)
Delta Electronics (Jiangsu) Ltd.	Manufacturing and sales of power supplies and transformers	5,871,438	Invested by DHK	12,818,093	-	-	12,818,093	2,123,708	100.00	2,123,708	14,759,422	-	(Note 5)
Delta Green (Tianjin) Industries Co., Ltd.	Manufacturing and sales of transformers	142,378	Invested by DHK	1,039,866	-	-	1,039,866	( 1,816)	100.00	( 1,816)	101,563	-	(Note 5)
Delta Electronics (Pingtan) Co., Ltd.	Wholesale and retail of electronic products and energy-saving equipment	134,852	Invested by DHK	163,269	-	-	163,269	35,615	100.00	35,615	248,226	-	(Note 5)
Delta Electronics (Xi'an) Co., Ltd.	Sales of computer, peripheral equipment and software	247,229	Invested by DHK	265,850	-	-	265,850	( 7,062)	100.00	( 7,062)	197,659	-	(Note 5)
Cysttec Electronics (Suzhou) Co., Ltd.	Manufacturing and sales of electronic components and melds; sales of forgings and powder metallurgy products	7,323,190	Invested by DHK	8,859,178	-	-	8,859,178	410,155	100.00	410,079	7,832,725	-	(Note 5)
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	66,295	Invested by DNHK	22,001	-	-	22,001	26,544	30.00	7,963	31,058	-	(Note 6)
DelBio (Wujiang) Co., Ltd.	Manufacturing, wholesale and retail of medical equipment	125,720	Invested by DelBio	125,720	-	-	125,720	( 17,166)	100.00	( 17,166)	105,460	24,657	(Note 7)

Table 8-1

Investor in Mainland China	Main business activities	Paid-in capital	Investment method	Accumulated amount of remittance from Taiwan to Mainland China as at January 1, 2025	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2025		Accumulated amount of remittance from Taiwan to Mainland China as at December 31, 2025	Net income (loss) of investee for the year ended December 31, 2025	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2025	Book value of investments in Mainland China as at December 31, 2025	Accumulated amount of investment income remitted back to Taiwan as at December 31, 2025	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Chunzhou Delta Technology Co., Ltd.	Manufacturing and sales of transformers	$ 114,624	Invested by DCZ	$ -	$ -	$ -	$ -	$ 92,448	100.00	$ 91,731	$ 347,673	$ -	(Note 3)
Delta Energy Technology Puhuan (Shanghai) Co., Ltd.	Sales of solar power products, photovoltaic equipment and components, energy saving management services	-	Invested by DPEC and DGC	-	-	-	-	( 1,909)	-	( 1,909)	-	-	(Note 3 and Note 11)
Guangzhou Amerlex Lighting Co., Ltd.	Wholesale of lighting fixture and decorative objects	14,929	Invested by Amerlex Lighting Hong Kong Limited	189,287	-	-	189,287	27,187	100.00	27,187	48,733	-	(Note 8)
Delta Greentech (China) Co., Ltd.	Sales of uninterruptible power systems	2,553,200	Invested by Boom and DGSG	9,611,691	-	-	9,611,691	533,135	95.91	511,335	6,611,705	-	(Note 4)
Cyntec Electronics (WaHa) Co., Ltd.	Manufacturing and sales of electronic components, molds, forgings and powder metallurgy products	1,540,070	Invested by DHK	942,900	-	-	942,900	135,917	100.00	135,775	1,515,017	-	(Note 5)
Fujian Kaixin Construction Engineering Co., Ltd.	Constructions of buildings and structures, building decoration, municipal public works and landscape, etc.	112,377	Invested by DPT	-	-	-	-	( 368)	40.00	( 147)	12,793	-	(Note 3)
Delta Electronics (Chongqing) Ltd.	Manufacturing parts for power of electronic equipment	2,042,950	Invested by DHK	-	-	-	-	( 15,701)	100.00	( 15,701)	1,790,922	-	(Note 5)
Universal Instruments Mfg. (Shenzhen) Co. Ltd.	Precision automation solutions	130,218	Invested by UI European Holdco. Cooperative U.A.	-	-	-	-	150,692	100.00	150,692	4,216	-	(Note 9)

Note 1: The capital was translated based on the capital certified report of the investor companies into New Taiwan Dollars at the average exchange rate of RMB 6.9921 to US$1 and NTD 4.49507 to RMB$1.
Note 2: The accumulated remittance as at January 1, 2025, remitted or collected this period, accumulated remittance as at December 31, 2025 and investment income remitted back as at December 31, 2025 was translated into New Taiwan Dollars at the average exchange rate of NTD 31.43 to US$1 at the balance sheet date.
Note 3: 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 4: The investment was jointly managed by DGSG and Boom.
Note 5: Invest through Delta Electronics (H.K.) Ltd.
Note 6: Invest through Delta Networks (HK) Limited.
Note 7: Invest through DelBio Inc.
Note 8: Invest through Amerlex Lighting Hong Kong Limited.
Note 9: Invest through UI European Holdco. Cooperative U.A.
Note 10: The Company's investment income(loss) was recognised based on the audited financial statements by the Company's CPA.
Note 11: The Group had disposed the investee in August 2025.

Company name	Accumulated amount remitted from Taiwan to Mainland China as at December 31, 2025	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)	$ 40,637,399	$ 40,637,399
Cyntec Co., Ltd. (Note 5)	-	5,946,945	20,004,981
DelBio Inc. (Notes 4 and 6)	101,063	101,063	60,405

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 NTD31.43 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, 2025. 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 (HK.) 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, 2025, 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.

AI assistant

DELTA Audit Report / Information 2025

52000_rns_2026-04-15_e08ba1f4-457b-467b-ac2b-4479e13c759a.pdf

INDEPENDENT AUDITORS' REPORT

Opinion

Basis for opinion

Key audit matters

Intangible assets (including subsidiaries) - Impairment assessment of goodwill

How our audit addressed the matter

DELTA ELECTRONICS, INC.

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY

YEARS ENDED DECEMBER 31, 2025 AND 2024

(EXPRESSED IN THOUSANDS OF DOLLARS)

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

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

6. DETAILS OF SIGNIFICANT ACCOUNTS

(5) Inventories

Price risk

Cash flow and fair value interest rate risk

(3) Fair value information

13. SUPPLEMENTARY DISCLOSURES

DELTA ELECTRONICS, INC.

MOVEMENT SUMMARY OF FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - NON-CURRENT

FOR THE YEAR ENDED DECEMBER 31, 2025

AI assistant

DELTA — Audit Report / Information 2025

52000_rns_2026-04-15_e08ba1f4-457b-467b-ac2b-4479e13c759a.pdf

INDEPENDENT AUDITORS' REPORT

Opinion

Basis for opinion

Key audit matters

Intangible assets (including subsidiaries) - Impairment assessment of goodwill

How our audit addressed the matter

DELTA ELECTRONICS, INC.

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY

YEARS ENDED DECEMBER 31, 2025 AND 2024

(EXPRESSED IN THOUSANDS OF DOLLARS)

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

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

6. DETAILS OF SIGNIFICANT ACCOUNTS

(5) Inventories

Price risk

Cash flow and fair value interest rate risk

(3) Fair value information

13. SUPPLEMENTARY DISCLOSURES

DELTA ELECTRONICS, INC.

MOVEMENT SUMMARY OF FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - NON-CURRENT

FOR THE YEAR ENDED DECEMBER 31, 2025

More from DELTA

DELTA Audit Report / Information 2025