EMIC - Interim / Quarterly Report 2021

Stock code: 2614

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Financial Statements

With Independent Auditors’ Review Report For the Six Months Ended June 30, 2021 and 2020

Address: 5F & 8F., No. 368, Sec. 1, Fuxing S. Rd., Da'an Dist., Taipei City 106, Taiwan Telephone: 886-2-27557565

The independent auditors’ review report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors’ review report and consolidated financial statements, the Chinese version shall prevail.

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Table of Contents
Contents 1. Cover Page 2. Table of Contents 3. Independent Auditors’ Review Report 4. Consolidated Balance Sheet 5. Consolidated Statements of Comprehensive Income 6. Consolidated Statements of Changes in Equity 7. Consolidated Statements of Cash Flows 8. Notes to the Consolidated Financial Statements I. Company history II. Approval date and procedures of the consolidated financial statements III. New standards, amendments and interpretations adopted IV. Summary of significant accounting policies V. Significant accounting assumptions and judgments, and major sources of estimation uncertainty VI. Explanation of significant accounts VII. Related party transactions VIII. Pledged assets IX. Significant commitments and contingencies X. Losses due to major disasters XI. Subsequent Events XII. Other XIII. Other disclosures (I) Information on significant transactions (II) Information on investees (III) Information on investment in Mainland China (IV) Major shareholders XIV. Segment information	Page 1 2 3`～`4 5`～`6 7`～`8 9 10`～`11 12 12 12`～`13 13`～`16 16 17`～`48 48`～`53 53 53`～`54 54 54 55 55, 57`～`61 56, 62`～`63 56, 64`～`65 56, 66 56	Note
		1 2 3 4 5 6`～`36 37 38 39 40 41 42 43 43 43 43 43 44

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Independent Auditors’ Review Report

To the Board of Directors of Eastern Media International Corporation:

Introduction

We have reviewed the accompanying consolidated balance sheets of Eastern Media International Corporation and its subsidiaries as of June 30, 2021 and 2020, and the related consolidated statements of comprehensive income for the three months and six months ended June 30, 2021 and 2020, and changes in equity and cash flows for the six months ended June 30, 2021 and 2020, and notes to the consolidated financial statements, including a summary of significant accounting policies. Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

Scope of Review

Except as explained in the Basis for Qualified Conclusion paragraph, we conducted our reviews in accordance with Statement of Auditing Standards 65, “Review of Financial Information Performed by the Independent Auditor of the Entity”. A review of the consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the generally accepted auditing standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Basis for Qualified Conclusion

As stated in Note 4b, the consolidated financial statements included the financial statements of certain non-significant subsidiaries, which were not reviewed by independent auditors. These financial statements reflect total assets amounting to $57,664 thousand and $331,916 thousand, constituting 0.36% and 2.09% of consolidated total assets as of June 30, 2021 and 2020, respectively, total liabilities amounting to $947 thousand and $30,417 thousand, constituting 0.01% and 0.32% of consolidated total liabilities as of June 30, 2021 and 2020, respectively, and total comprehensive income amounting to $(1,618) thousand, $2,370 thousand, $(673) thousand and $34,535 thousand, constituting (0.75)%, (6.35)%, (0.25)% and 36.34% of consolidated total comprehensive income for the three months and the six months ended June 30, 2021 and 2020, respectively.

Furthermore, as stated in Note 13 the other equity accounted investments of Eastern Media International Corporation and its subsidiaries in its investee companies of $1,910,065 thousand and $1,972,517 thousand as of June 30, 2021 and 2020, respectively, and its equity in net loss on these investee companies of $1,918 thousand, $(9,530) thousand, $19 thousand and $(37,204) thousand for the three months and the six months ended June 30, 2021 and 2020, respectively, were recognized solely on the financial statement prepared by these investee companies, but not reviewed by independent auditors.

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Qualified Conclusion

Except for the adjustments, if any, as might have been determined to be necessary had the financial statements of certain consolidated subsidiaries and equity accounted investee companies described in the Basis for Qualified Conclusion paragraph above been reviewed by independent auditors, based on our reviews and the review reports of other auditors, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of Eastern Media International Corporation and its subsidiaries as of June 30, 2021 and 2020, and its consolidated cash flows for the six months ended June 30, 2021 and 2020 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

The engagement partners on the review resulting in this independent auditors’ report are Shin-Chin Chih and Hsin-Ting Huang

KPMG

Taipei, Taiwan (Republic of China) August 5, 2021

Notes to Readers

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

The independent auditors’ audit report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors’ audit report and consolidated financial statements, the Chinese version shall prevail.

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets

(Expressed in Thousands of New Taiwan Dollars)

Assets Current assets: 1100 Cash and cash equivalents (Notes 6 and 16) 1110 Current financial assets at fair value through profit or loss (Note 7) 1151 Notes receivable, net (Notes 9 and 30) 1160 Notes receivable due from related parties (Notes 9, 30 and 37) 1170 Accounts receivable, net (Notes 9, 16 and 30) 1180 Accounts receivable due from related parties, net (Notes 9, 30 and 37) 1200 Other receivables, net (Notes7, 10 and 16) 1210 Other receivables due from related parties (Notes 10 and 37) 130X Inventories (Notes 11 and 16) 1400 Current biological assets, net 1410 Prepayments(Note 37) 1476 Other current financial assets (Notes 6 and 38) 1479 Other current assets, others Non-current assets: 1517 Non-current financial assets at fair value through other comprehensive income (Note 8) 1550 Investments accounted for using equity method, net (Notes 13 and 38) 1600 Property, plant and equipment (Notes 16, 17 and 38) 1755 Right of use assets (Notes 16 and 18) 1780 Intangible assets (Notes 16 and 19) 1840 Deferred tax assets (Note 27) 1920 Refundable deposits (Notes 18 and 38) 1980 Other non-current financial assets (Note 38) 1990 Other non-current assets, others (Note 39) Total assets		June 30, 2021 (Reviewed)		December 31,2020 (Audited)		June 30, 2020 (Reviewed)
		Amount % $ 2,095,823 13 374,023 2 57,084 - 76,564 1 310,526 2 32,537 - 167,750 1 8,373 - 319,023 2 11,553 - 58,735 1 31,845 - 788 - 3,544,624 22 7,510 - 2,410,962 15 1,754,297 11 6,772,155 42 418,540 2 455,947 3 573,393 4 37,921 - 87,064 1 12,517,789 78 $ 16,062,413 100		Amount % $ 1,855,653 11 381,611 2 63,006 - 54,568 - 333,369 2 22,573 - 93,616 1 7,392 - 346,909 2 12,405 - 65,036 1 43,934 1 915 - 3,280,987 20 8,104 - 2,443,035 15 1,669,684 10 7,210,677 45 467,334 3 414,169 3 562,689 3 33,760 - 133,035 1 12,942,487 80 $ 16,223,474 100		Amount % $ 2,109,048 13 140,460 1 42,902 - - - 227,793 1 7,172 - 193,753 1 16,944 - 288,819 2 8,727 - 65,640 - 95,156 1 564 - 3,196,978 19 13,111 - 2,382,907 15 1,613,426 11 7,285,081 46 461,040 3 314,644 2 560,252 4 750 - 78,700 - 12,709,911 81 $ 15,906,889 100

(Please see accompanying notes to the consolidated financial statements)

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Balance S heet s (Cotn’d)

(Expressed in Thousands of New Taiwan Dollars)

Liabilities and Equity Current liabilities: 2100 Short-term borrowings (Notes 16, 20 and 38) 2110 Short-term notes and bills payable (Note 21) 2130 Current contract liabilities (Notes 30 and 37) 2150 Notes payable (Notes 22 and 36) 2170 Accounts payable (Note 16) 2180 Accounts payable due from related parties (Note 37) 2200 Other payables (Notes 16 and 36) 2220 Other payables due from related parties (Note 37) 2230 Current tax liabilities 2280 Current lease liabilities (Note 25) 2310 Advance receipts (Note 37) 2320 Long-term liabilities, current portion (Notes 23, 24 and 38) 2399 Other current liabilities, others Non-current liabilities: 2540 Long-term borrowings (including current portion of long-term borrowings) (Notes 23 and 38) 2570 Deferred tax liabilities 2580 Non-current lease liabilities (Note 25) 2610 Long-term notes and accounts payable (Note 24) 2640 Net defined benefit liability, non-current 2645 Guarantee deposits received Total liabilities Equity attributable to owners of parent (Note 28) 3100 Capital stock 3200 Capital surplus 3300 Retained earnings 3400 Other equity interest Total equity attributable to owners of parent 36XX Non-controlling interests ((Note 15) Total equity Total liabilities and equity	June 30, 2021 (Reviewed) Amount % $ 31,347 - 79,916 - 29,875 - 100,803 1 223,499 1 9,691 - 544,159 4 305,260 2 7,907 - 1,096,673 7 9,283 - 305,998 2 29,995 - 2,774,406 17 948,007 6 77 - 5,710,122 36 53,542 - 22,970 - 4,446 - 6,739,164 42 9,513,570 59 5,567,899 35 20,769 - 849,394 5 ( 335,499) (2) ( 6,102,563 38 446,280 3 6,548,843 41 $ 16,062,413 100	December 31,2020 (Audited)		June 30, 2020 (Reviewed)
		Amount % $ 62,295 1 - - 37,439 - 94,604 1 204,805 1 11,483 - 623,289 4 16,660 - 14,111 - 1,174,478 7 23,125 - 290,529 2 28,433 - 2,581,251 16 637,986 4 48 - 6,167,307 38 60,886 - 25,717 - 4,756 - 6,896,700 42 9,477,951 58 5,567,899 35 20,769 - 983,904 6 295,956) (2) 6,276,616 39 468,907 3 6,745,523 42 $16,223,474 100	(	Amount % $ 120,000 1 - - 25,682 - 145,476 1 166,380 1 7,198 - 1,014,846 7 185,505 - 12,725 - 949,176 6 9,426 - 95,400 1 25,591 - 2,757,405 17 391,211 2 43 - 6,339,147 41 - - 27,479 - 4,085 - 6,761,965 43 9,519,370 60 5,567,899 36 20,763 - 587,918 3 256,572) (2) 5,920,014 37 467,505 3 6,387,519 40 $ 15,906,889 100

(Please see accompanying notes to the consolidated financial statements)

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Comprehensive Income

(Expressed in Thousands of New Taiwan Dollars, Except for Earnings Per Common Share) (Reviewed, Not Audited)

For the three months ended June 30	For the three months ended June 30	For the three months ended June 30	For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
2021	2020		2021	2020
Amount % $ 1,343,299 100 923,394 69 419,905 31 377,590 28 300 - 42,015 3 1,436 - 120,611 9 12,174 1 ( 55,771) ( 4) 118,575 9 239,040 18 ( 14,882) ( 1) 253,922 19 2 - 26 - - - 28 - 4,335 - ( 42,019) ( 3) - - ( 37,684) ( 3) (37,656) ( 3) $ 216,266 16	Amount % $ 1,055,319 100 728,945 69 326,374 31 367,927 35 1,851 - ( 43,404) (4) 3,936 - 105,606 10 ( 139,054) ( 13) ( 55,016) ( 5) ( 78,393 7 ( 49,539) ( 5) ( 47,665) (5) ( 1,874) - 2 - 6 - - - 8 - ( 1,760) - ( 33,674) ( 3) ( - - ( 35,434) ( 3) ( 35,426) ( 3) ($ 37,300) ( 3)	%		Amount $ 2,120,372 1,462,888 657,484 716,537 1,893 (60,946) 8,611 198,157 ( 117,885) (110,705) 113,974 31,206 ( 92,632) 123,838 ( 12) 5 - ( 7) ( 581) ( 28,208) - ( 28,789) ( 28,796) $ 95,042	%
					100 68 32 34 - (2) 1 9 ( 6) ( 5) 5 2 (4) 6 - - - - - ( 1) - (1) (1) 5

(Please see accompanying notes to the consolidated financial statements)

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Comprehensive Income (Cotn’d) (Expressed in Thousands of New Taiwan Dollars, Except for Earnings Per Common Share) (Reviewed, Not Audited)

For the three months ended June 30 2021 2020 Amount % Amount % $ 254,952 19$ 15,849 2 ( 1,030) - ( 17,723) (2) $ 253,922 19 ($ 1,874) - $ 217,325 16($ 19,525) ( 2) ( 1,059) - ( 17,775) (1) $ 216,266 16 ($ 37,300) (3) $ 0.46 $ 0.03 $ 0.46 $ 0.03	For the three months ended June 30 2021 2020 Amount % Amount % $ 254,952 19$ 15,849 2 ( 1,030) - ( 17,723) (2) $ 253,922 19 ($ 1,874) - $ 217,325 16($ 19,525) ( 2) ( 1,059) - ( 17,775) (1) $ 216,266 16 ($ 37,300) (3) $ 0.46 $ 0.03 $ 0.46 $ 0.03	For the six months ended June 30	For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
2021	2020	2021	% 12 - ( 12 10 - ( 10 0.56 0.56	2020
Amount % $ 254,952 19 ( 1,030) - $ 253,922 19 $ 217,325 16 ( 1,059) - $ 216,266 16 $ 0.46 $ 0.46	Amount $ 15,849 ( 17,723) ($ 1,874) ($ 19,525) ( 17,775) ($ 37,300) $	Amount $ 310,922 ( 6,579) $ 304,343 $ 271,379 ( 6,604) $ 264,775 $ $		Amount $ 144,435 20,597) $ 123,838 $ 115,664 20,622) $ 95,042 $	%
					7 (1) 6 6 (1) 5 0.26 0.26
	$			$

(Please read the attached notes to the consolidated financial reports)

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Changes in Equity (In Thousands of New Taiwan Dollars) (Reviewed, Not Audited)

			Equity attributable to own	Equity attributable to own	s of parent		Total equity
Share capital Ordinary shares $ 5,567,899 - - - - - - - - $ 5,567,899 $ 5,567,899 - - - - - - $ 5,567,899	Capital surplus $ 20,769 - - - - - - - - $ 20,769 $ 20,769 - - - - - - $ 20,769		Retained earnings		Totalother	equityinterest
					Exchange differences on translation of foreign financial statements	Unrealized gains (losses) on financial assets measured at fair value through other comprehensive income
		Legal reserve $ 147,303 - - - 37,423 - - - - $ 184,726 $ 184,726 - - - - - - $ 184,726	Special reserve $ 183,222 - - - - 44,579 - - - $ 227,801 $ 227,801 - - - - - - $ 227,801	Unappropriated retained earnings
				$ 669,748 144,435 - 144,435 ( 37,423 ) ( 44,579 ) ( 556,790 ) - - $ 175,391 $ 571,377 310,922 - 310,922 ( 445,432 ) - - $ 436,867	($ 224,130) - ( 28,770) ( 28,770) - - - - - ($ 252,900) $ (292,290) - ( 39,576) ( 39,576) - - - ($ 331,866)	($ (3,671) - ( 1) ( 1) - - - - - ($ 3,672) $ (3,666) - 33 33 - - - ($ 3,633)	$ 6,450,179 123,838 ( 28,796)
							95,042 - - ( 556,790) 405,000 ( 5,912) $ 6,387,519 $ 6,745,523 304,343 ( 39,568) 264,775 ( 445,432) ( 8,623) ( 7,400) $ 6,548,843

(Please see accompanying notes to the consolidated financial statements)

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(Expressed in Thousands of New Taiwan Dollars)

(Reviewed, Not Audited)

Cash flows (used in) from operating activities: Profit before tax Adjustments: Adjustments to reconcile profit (loss) Depreciation expense Amortization expense Net gain on financial assets or liabilities at fair value through profit or loss Interest expense Interest income Dividend income Share of profit of associates and joint ventures accounted for using equity method Loss on disposal of property, plant and equipment Loss on disposal of investments Expected credit loss Impairment loss on non-financial assets Rent reductions listed as other income Amounts from modification of lease contracts Total adjustments to reconcile profit Changes in operating assets and liabilities: Changes in operating assets, net: Decrease in current financial assets at fair value through profit or loss (Increase) decrease in notes receivable Decrease in accounts receivable Increase in other receivable Decrease in inventories Decrease (increase) in biological assets Decrease in prepayments Decrease (increase) in other current assets (Increase) decrease in other operating assets Total changes in operating assets, net Changes in operating liabilities, net: (Decrease) increase in contract liabilities Decrease in notes payable Increase (decrease) in accounts payable Decrease in other payable Increase (decrease) in receipts in advance Increase (decrease) in other current liabilities Increase in long-term notes payable Decrease in net defined benefit liability, non-current Decrease in other operating liabilities Net changes in operating assets and liabilities Total adjustments Cash inflow generated from operations Income paid refunded Net cash inflow from operating activities	For the six months ended June 30	For the six months ended June 30
	2021 $ 264,514 653,656 18,640 ( 67,754) 111,575 ( 2,636) ( 3,063) ( 222,621) 4,738 4,327 698 10,626 ( 102,097) ( 215) 405,874 75,342 ( 16,220) 1,396 ( 77,352) 4,000 852 10,183 3 ( 4,986) ( 6,782) ( 4,767) ( 16,542) 16,915 ( 72,957) 3,109 6,292 56,591 ( 2,747) ( 14,106) ( 20,888) 384,986 649,500 ( 7,837) 641,663	2020
		$ 31,206 607,859 20,670 ( 19,042) 110,705 ( 8,611) ( 1,112) ( 113,974) 3,395 3,724 1,893 150,403 ( 167,115) ( 170) 588,625 121,121 21,365 114,771 ( 6,891) ( 15,324 ) ( 346) 11,123 ( 350) 99,763 345,232 769 ( 8,830) ( 33,751) ( 118,010) ( 5,223) ( 3,314) - ( 4,070) ( 172,429) 172,803 761,428 792,634 ( 16,579) 776,055

(Please see accompanying notes to the consolidated financial statements)

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Cash Flows (Cotn’d)

(Expressed in Thousands of New Taiwan Dollars)

(Reviewed, Not Audited)

For the six months ended June 30 2021 2020 Cash flows from (used in) investing activities: Proceeds from disposed of investments accounted for using equity method $ - $ 24,473 Proceeds from disposal of subsidiaries 28,266 764 Acquisition of property, plant and equipment ( 83,119) ( 145,367) Proceeds from disposal of property, plant and equipment 1,494 970 Increase in refundable deposits ( 13,051) ( 278,562) Increase in other receivables - ( 20,000) Acquisition of intangible assets ( 1,689) ( 8,527) Increase in other financial assets ( 198) - Increase in other non-current assets ( 43,563) ( 43,562) Interest received 2,494 8,060 Dividends received 213,676 134,253 Net cash flows from (used in) investing activities 104,310 ( 327,498) Cash flows from (used in) financing activities: Increase in short-term loans 151,347 220,000 Decrease in short-term loans ( 162,295) ( 158,000) Increase in short-term notes payable 100,000 - Decrease in short-term notes payable ( 20,000) ( 20,000) Increase in long-term debt 418,290 136,500 Decrease in long-term debt ( 120,200) ( 56,778) Increase in notes payable 19,455 - Decrease in guarantee deposits received ( 160) ( 3,103) Increase in other payables due from related parties 350,000 80,000 Decrease in other payables due from related parties ( 50,000) ( 80,000) Payment of lease liabilities ( 570,308) ( 569,651) Decrease in long-term notes payable ( 32,791) - Issuance cash dividends ( 454,055) ( 5,912) Interest paid ( 134,344) ( 114,954) Change in non-controlling interests - 405,000 Net cash flows used in financing activities ( 505,061) ( 166,898) Effect of exchange rate changes on cash and cash equivalents ( 742) ( 2,189) Net increase in cash and cash equivalents 240,170 279,470 Cash and cash equivalents at beginning of period 1,855,653 1,829,578 Cash and cash equivalents at end of period $ 2,095,823 $ 2,109,048	For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
	2021		2020

(Please see accompanying notes to the consolidated financial statements)

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES

Notes To Consolidated Financial Statements For The Six Months Ended June 30, 2021 And 2020 (Amounts in Thousands of New Taiwan Dollars, Unless Specified Otherwise) (Reviewed, Not Audited)

1. Company history

Eastern Media International Corporation (the “Company”) was established on May 14, 1975 to promote the private port silo business, and its warehouse officially opened in 1980 with the completion of its silo. In order to enhance the operating performance and expand the business scope, the Company merged with Grain Union Transport Ltd. on May 15, 1989. The Company’s shares listed on the Taiwan Stock Exchange, classified in the shipping category, on September 25, 1995. As the proportion of revenue from shipping has declined years by years, and the proportion of revenue from trading has increased to more than 50% of overall revenue, the Company’ s stocks have changed classification to the retail sales category. The transfer was approved by the Taiwan Stock Exchange on July 1, 2014. In June 2019, the Group terminated all of the lease contracts of its shipping operations in advance. Since none of the operating segments owns more than 50% of overall revenue, the Company’s stocks have changed classification to other category, which was approved by the Taiwan Stock Exchange on June 1, 2021.

The Company's business development is mainly based on diversification. In addition to land development, grain trading and consumer product development and sales, the Company has diversified into new businesses such as cross-strait trade platform and multimedia shopping through its investment in subsidiaries since 2009.

The main businesses of the Company and its subsidiaries (the “Group”) include forwarding, loading and unloading cargo onto/from ships, the handling and operation of wharf and transit shed facilities, selling pet food and supplies, providing pet beauty service, video advertising services and the production of related shows.

2. Approval date and procedures of the consolidated financial statements

The consolidated financial statements were authorized for issuance by the Board of Directors on August 5, 2021.

3. New standards, amendments and interpretations adopted

a. The impact of the International Financial Reporting Standards (“IFRSs”) endorsed by the Financial Supervisory Commission, R.O.C. (“FSC”) which have already been adopted.

The details of impact on the Group ’ s adoption of the new amendments beginning January 1, 2021 are as follows ：

(a) Amendments to IFRS 16“Covid-19-Related Rent Concessions beyond June 30, 2021”

A one-year extension to the practical expedient is available to lessees when accounting for COVID-19-related rent concessions reduce the lease payments originally due on or before June 30, 2022. The related accounting policy is explained in Note 4c.

The Group has elected to apply the amendments beginning January 1, 2021, with early adoption. No adjustment was made upon the initial application of the amendments. The amounts recognized in profit or loss for the three and six months

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ended June 30, 2021 were both $102,097.

(b) Other amendments
- The following new amendments, effective January 1, 2021, do not have a significant impact on the Group’s consolidated financial statements:
- Amendments to IFRS 4 “Extension of the Temporary Exemption from Applying IFRS 9”
- Amendments to IFRS 9, IAS39, IFRS7, IFRS 4 and IFRS 16 “Interest Rate Benchmark Reform—Phase 2”
b. The impact of IFRS issued by the FSC but not yet effective

The Group assesses that the adoption of the following new amendments, effective for annual period beginning on January 1, 2022, would not have a significant impact on its consolidated financial statements:

Amendments to IAS 16 “Property, Plant and Equipment—Proceeds before Intended Use”
Amendments to IAS 37 “Onerous Contracts—Cost of Fulfilling a Contract”
Annual Improvements to IFRS Standards 2018–2020
Amendments to IFRS 3 “Reference to the Conceptual Framework”
c. The impact of IFRS issued by IASB but not yet endorsed by the FSC

The Group is evaluating the impact of its initial adoption of the abovementioned standards or interpretations on its consolidated financial position and consolidated financial performance. The results thereof will be disclosed when the Group completes its evaluation.

The Group does not expect the following other new and amended standards, which have yet to be endorsed by the FSC, to have a significant impact on its consolidated financial statements:

Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets Between an Investor and Its Associate or Joint Venture”
IFRS 17 “ Insurance Contracts” and amendments to IFRS 17 “ Insurance Contracts”
Amendments to IAS 1 “Classification of Liabilities as Current or Non-current”
Amendments to IAS 1 “Disclosure of Accounting Policies”
Amendments to IAS 8 “Definition of Accounting Estimates”
“
• Amendments to IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction”

4. Summary of significant accounting policies

a.
Statement of compliance

These consolidated financial statements have been prepared in accordance with the preparation and guidelines of IAS 34 “Interim Financial Reporting” which are endorsed and issued into effect by FSC, and do not include all of the information required by the Regulations and International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations and SIC Interpretations endorsed and issued into effect by the FSC (hereinafter referred to IFRS endorsed by the FSC) for a complete set of the annual consolidated financial statements.

Except the following accounting policies mentioned below, the significant accounting policies adopted in the consolidated financial statements are the same as those in the consolidated financial statement for the year ended December 31, 2020. For the related

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information, please refer to Note IV of the consolidated financial statements for the year ended December 31, 2020.

b. Basis of consolidation

(a) List of subsidiaries in the consolidated financial statements:

Name of Investing Company	Subsidiary name	Nature of business	Shareholding ratio June 30, 2021 December 31, 2020 June 30, 2020 Explanation	Shareholding ratio June 30, 2021 December 31, 2020 June 30, 2020 Explanation
			June 30, 2021
The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company EIC EIC EIC EIC EILF EILF TKLF TKLF ET New Media ET New Media ET New Media ET New Media ET New Media ET New Media ET Pet	Far Eastern Silo & Shipping (Panama) S.A. (FESS-Panama) Far Eastern Silo & Shipping International (Bermuda) Ltd. (FESS-Bermuda) Far Eastern Investment Co., Ltd. (EIC) Grand Richness Trading (Hong Kong) Co. (Grand Richness (Hong Kong)) Eastern International Lease Finance Co., Ltd. (EILF) Tung Kai Lease Finance Co., Ltd. (TKLF) ET New Media (ETtoday) Holdings Co., Ltd. (ET New Media) EHR Hotels & Resorts Group Yilan (EHR) Mohist Web Technology Co., Ltd. (MWT) Eastern Asset Co., Ltd. (Eastern Asset) Eastern International Lease Finance Co., Ltd. (EILF) Tung Kai Lease Finance Co., Ltd. (TKLF) EHR Hotels & Resorts Group Yilan (EHR) ET New Media (ETtoday) Holdings Co., Ltd. (ET New Media) Tung Kai Lease Finance Co., Ltd. (TKLF) EHR Hotels & Resorts Group Yilan (EHR) Eastern International Lease Finance Co., Ltd. (EILF) EHR Hotels & Resorts Group Yilan (EHR) Show Off Co., Ltd. (Show Off) ET Pet Co., Ltd (ET Pet) Dung sen shin guang yun Co., Ltd. (Dung sen shin guang yun) Dung sen dian jing yun Co., Ltd. (Dung sen dian jing yun) Dung sen shin wen yun Co., Ltd. (Dung sen shin wen yun) Dung sen min diau yun Co., Ltd. (Dung sen min diau yun) Oscar Pet Co., Ltd. (Oscar)	Investing activities Investing activities Investing activities Investing activities Leasing Leasing Advertising Leisure site management, catering business Application services Real estate leasing Leasing Leasing Leisure site management, catering business Advertising Leasing Leisure site management, catering business Leasing Leisure site management, catering business Video advertising service Pet food and supplies and providing pet beauty service Audiovisual and singing, information leisure Amusement park information leisure Video advertising service Consulting management, market research and opinion poll Pet food and supplies and providing pet	100.00% 100.00% 97.90% 100.00% 53.77% 53.76% 89.20% 60.40% - % 55.00% 10.00% 10.00% 13.20% 1.05% 36.00% 13.20% 36.00% 13.20% 100.00 % 92.50% 100.00% 100.00% 100.00% 100.00% 80.00%	100.00% 100.00% Note A 100.00% 100.00% Note A (Note 2) 97.90% 97.90% Note A 100.00% 100.00% Note A (Note 2) 53.77% 53.77% Note A 53.76% 53.76% Note A 89.20% 89.20% Note A 60.40% 60.40% Note A 51.00% 51.00% Note A (Note 2 and 8) 55.00% 55.00% Note A (Note 3) 10.00% 10.00% Note B 10.00% 10.00% Note B 13.20% 13.20% Note B 1.05% 1.05% Note B 36.00% 36.00% Note B 13.20% 13.20% Note B 36.00% 36.00% Note B 13.20% 13.20% Note B 100.00% 100.00% Note C (Note 2 and 5) 92.50% 92.50% Note C 100.00% 100.00% Note C (Note 2) 100.00% 100.00% Note C (Note 2) 100.00% 100.00% Note C (Note 2) 100.00% - % Note C (Note 2 and 7) 80.00% 80.00% Note C

～ 14 ～

Name of Investing Company	Subsidiary name	Nature of business	Shareholding ratio June 30, 2021 December 31, 2020 June 30, 2020 Explanation	Shareholding ratio June 30, 2021 December 31, 2020 June 30, 2020 Explanation
			June 30, 2021
ET Pet ET Pet FESS-Panama FESS-Panama FESS-Bermuda Eastern Media Communication (Hong Kong) RICHNESS TRADING (SHANGHAI) GSMC-Cayman GRAND SCENE TRADING (HONG KONG) GRAND SCENE TRADING (HONG KONG) GRAND SCENE TRADING (HONG KONG)	Pet Kingdom Co., Ltd. (Pet Kingdom) Kaou Sin Trading Co., Ltd. (Kaou Sin) Grand Scene Media Corporation (GSMC-Cayman) Eastern Media Communication (Hong Kong) Ltd. (Eastern Media Communication Hong Kong) RICHNESS TRADING (SHANGHAI) CO.,LTD (RICHNESS TRADING (SHANGHAI)) RICHNESS TRADING (SHANGHAI) CO.,LTD (RICHNESS TRADING (SHANGHAI)) Shanghai Rich Industry Ltd. (Shanghai Rich) GRAND SCENE TRADING (HONG KONG) LIMITED Nanjing Yun Fu Trading Ltd. (Nanjing Yun Fu) Eastern Biotechnology (Shanghai) (Eastern Food (Shanghai)) Ltd. (Eastern Biotechnology (Shanghai)) Eastern Enterprise Shanghai Logistics Ltd.	beauty service Pet food and supplies and providing pet beauty service Pet food and supplies and providing pet beauty service Investing activities Investing activities Cosmetics, jewelry, and household sundries wholesaling and support services Cosmetics, jewelry, and household sundries wholesaling and support services Producing and broadcasting TV programs, wholesale and retail groceries business Investing activities Wholesale trading Selling agricultural products, packaged food Container transport, domestic road freight agent	80.00% 80.00% 100.00% 100.00% 8.77% 91.23% - % 100.00% 100.00% - % - %	80.00% 80.00% Note C 80.00% 80.00% Note C 100.00% 100.00% Note C (Note 2) 100.00% 100.00% Note C (Note 2) 8.77% 8.77% Note C (Note 2) 91.23% 91.23% Note C (Note 2) 100.00% 100.00% Note C (Note 2 and 4) 100.00% 100.00% Note C (Note 2) 100.00% 100.00% Note C (Note 2) - % - % Note C (Note 1 and 2) - % 100.00% Note C (Note 2 and 6)

Note A: The investee company is directly held over 50% by the Company

Note B: The investee company is directly held over 50% by the Group

Note C: The investee company is directly held over 50% by the Company’s subsidiaries

Note 1: GRAND SCENE TRADING (HONG KONG) disposed all of its shares of Eastern En and Eastern Biotechnology (Shanghai), with the completion of their share transfer registration procedures on January 20, 2020.
Note 2: As an immaterial subsidiary, the financial statements have not been reviewed.
Note 3: On January 2, 2020, the Company’s Board of Directors resolved to invest $ 100,000 in Eastern Asset Co., Ltd., with a 100% shareholding, which was registered on February 24, 2020. It participated in the cash capital increase on March 10 and June 23 of the same year. The former did not increase the capital in proportion to the shareholding ratio, with an investment amount of $ 230,000, thereby reducing its shareholding to 55%. All registration procedures had been completed on April 6, 2020. The latter transaction increased its capital by $ 165,000, and all registration procedures had been completed on July 27, 2020.
Note 4: Shanghai Rich was liqudated on March 24, 2021.
Note 5: Show off was dissolved on July 30, 2020. The processure of liquidation was finished on July 9, 2021.
Note 6: Enterprise Shanghai Logistics Ltd. has finished liquidation on July 20, 2020.
Note 7: Dung sen min diau yun was established on September 24, 2020.
Note 8: The Company resolved on May 6, 2021 to dispose of the entire equity interests in the subsidiary, MWT. The share transfer registration procedures were finished on May 28, 2021.
(b) Subsidiaries excluded from the consolidated financial statements: None.

～ 15 ～

c. Leases

As a practical expedient, the Group elects not to assess whether all rent concessions that meets all the following conditions are lease modifications or not:

－ the rent concessions occurring as a direct consequence of the COVID-19 pandemic;
－ the change in lease payments that resulted in revised consideration for the lease that is substantially the same as, or less than, the consideration for the lease immediately preceding the change;
－ any reduction in lease payments that affects only those payments originally due on, or before, June 30, 2022; and
－ there is no substantive change in other terms and conditions of the lease.

In accordance with the practical expedient, the effect of the change in the lease liability is reflected in profit or loss in the period in which the event or condition that triggers the rent concession occurs.

d. Income taxes

The income tax expenses have been prepared and disclosed in accordance with paragraph B12 of International Financial Reporting Standards 34, Interim Reporting.

Income tax expenses for the period are best estimated by multiplying pre-tax income for the interim reporting period by the effective annual tax rate as forecasted by the management. This should be recognized fully as tax expense for the current period.

Temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their respective tax bases shall be measured based on the tax rates that have been enacted or substantively enacted at the time of the asset or liability is recovered or settled, and be recognized directly in equity or other comprehensive income as tax expense.

e. Employee benefits

The pension cost in the interim period was calculated and disclosed on a year-to-date basis by using the actuarially determined pension cost rate at the end of the prior fiscal year.

5. Significant accounting assumptions and judgments, and major sources of estimation uncertainty:

The preparation of the consolidated financial statements in conformity with the Regulations and IFRSs (in accordance with IAS 34 “Interim Financial Reporting” and endorsed by the FSC) requires management to make judgments, estimates and assumptions that affect the application of the accounting policies and the reported amount of assets, liabilities, income and expenses. Actual results may differ from these estimates.

The preparation of the consolidated interim financial statements, estimates and underlying assumptions are reviewed on an ongoing basis which are in conformity with the consolidated financial statements for the year ended December 31, 2020. For the related information, please refer to Note V of the consolidated financial statements for the year ended December 31, 2020.

～ 16 ～

6. Cash and cash equivalents

Cash and cash equivalents
Cash on hand Cash in banks Cash equivalents		June 30, 2021		December 31, 2020		June 30, 2020
		$ 12,166 1,053,720 1,029,937 $ 2,095,823		11,835 1,267,588 576,230 1,855,653		10,595 1,562,662 535,791 2,109,048

Bank time deposits whose original maturity date exceeds three months are classified as other current financial assets. The deposit accounts of $2,425, $2,278, and $410 which did not meet the definition of cash and cash equivalents, were classified as other current financial assets for June 30, 2021, December 31, 2020, and June 30, 2020, respectively.

Please refer to Note 33 for the fair value sensitivity analysis and interest rate risk of the financial assets and liabilities.

7. Financial assets at fair value through profit or loss

Financial assets designated as at fair value through profit or loss: Non-derivative financial assets Stocks listed on domestic markets		June 30, 2021	December 31, 2020	December 31, 2020		June 30, 2020
		$ 374,023		$ 381,611		$ 140,460

a. Please refer to Note 32 for the remeasurement of fair value.
b. For the three months and six months ended June 30, 2021 and 2020, the dividends from financial assets designated as at fair value through profit or loss were $300, $525, $1,550 and $525, respectively.
c. As of December 31, 2020, the amount of $6,628 outstanding (recorded as other receiveables) for the disposal of financial assets at fair value through profit or loss had been fully received by the Group as of the review date.
d. No financial assets were pledged as collateral on June 30, 2021, December 31, 2020, and June 30, 2020, respectively.

8. Financial assets at fair value through other comprehensive income

Equity investments at fair value through other comprehensive income: Unlisted common shares domestic Company		June 30, 2021	December 31, 2020	December 31, 2020		June 30, 2020
		$ 7,510		$ 8,104		$ 13,111

a. Equity investments at fair value through other comprehensive income

The Group designated the investments shown above as equity securities as at fair value through other comprehensive income because these equity securities represent those investments that the Group intends to hold for long-term for strategic purposes.

Because the Group has designated the above as investments in equity instruments measured at fair value through other comprehensive income. For the three months

～ 17 ～

and the six months ended June 30, 2021 and 2020, the dividends from equity instruments measured at fair value through other comprehensive income were $1,513, $587, $1,513 and $587, respectively.

On December 25, 2020, the consolidated subsidiary- EIC has sold all of its shares held in Skyasia Media Inc., at fair value of $24,925. The Group realized a gain of $19,910, which was recognized as other comprehensive income, and thereafter, was reclassified to retained earnings with the company equity ownership.

There were no disposals of strategic investments and transfers of any cumulative gain or loss within equity relating to these investments as of June 30, 2021 and 2020.

b. For credit risk and market risk; please refer to Note 33.
c. No financial assets mentioned above were pledged as collateral.

9. Notes and accounts receivable (including related parties)

Notes receivable Installment notes receivable Accounts receivable Less: Allowance for doubtful accounts Unrealized interest revenue	June 30, 2021	December 31, 2020	June 30, 2020
	$ 3,679 140,604 381,573 ( 39,213) ( 9,932) $ 476,711	$ 4,406 121,735 395,034 ( 39,803) ( 7,856) $ 473,516	$ 2,395 42,979 266,060 ( 31,456) ( 2,111) $ 277,867

The Group applies the simplified approach to provide for its expected credit losses, i.e., the use of lifetime expected loss provision for all receivables. To measure the expected credit losses, accounts receivable have been grouped based on shared credit risk characteristics and the days past due, as well as incorporated forward looking information, including macroeconomic and relevant industry information.

The loss allowance provision in warehousing segment was determined as follows:

Current

	June 30, 2021	Loss allowance provision $ - Loss allowance provision $ -
Gross carrying amount $ 25,862	Weighted average loss rate -% December 31, 2020

Gross carrying amount $ 11,148	Weighted average loss rate - % June 30, 2020

Gross carrying amount $ 21,277	Weighted average loss rate	Loss allowance provision
	- %	$ -

～ 18 ～

The loss allowance provision in trading segment was determined as follows:

	June 30, 2021	Loss allowance provision $ - 2,294 $ 2,294 Loss allowance provision $ - 438 $ 438
Gross carrying amount $ 7,431 2,294 $ 9,725	Weighted average loss rate - % 100.00 % December 31, 2020

Gross carrying amount $ 8,693 438 $ 9,131	Weighted average loss rate - % 100.00 % June 30, 2020

	Weighted average loss rate - % 100.00 %	Loss allowance provision
		$ - 421 $ 421

The loss allowance provision in media segment was determined as follows:

	June 30, 2021
Gross carrying amount $ 279,045 14,597 6,806 423 2,280 $ 303,151	Weighted average loss rate 0.00~0.24 % 0.00~11.30 % 0.00~30.75 % 0.00~80.56 % 100.00 % December 31, 2020	Loss allowance provision
		$ 660 1,641 2,093 222 2,280 $ 6,896
Gross carrying amount $ 306,160 4,290 2,715 - 1,393 $ 314,558	Weighted average loss rate 0.00~0.24 % 0.00~12.08 % 0.00~32.34 % 0.00~78.62 % 100.00 %	Loss allowance provision
		$ 747 518 878 - 1,393 $ 3,536

～ 19 ～

Current 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due More than 91 days past due			June 30, 2020
		Gross carrying amount $ 167,939 4,454 662 126 2,913 $ 176,094	Weighted average loss rate 0.22 % 10.70% 28.26 % 66.43 % 100.00 %		Loss allowance provision
					$ 368 477 187 84 2,913 $ 4,029

The loss allowance provision in other segments was determined as follows:

Current 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due More than 91 days past due			June 30, 2021
		Gross carrying amount $ 144,339 - - - 3 $ 144,342	Weighted average loss rate 0.07~1.14 % 4.55~24.24 % 4.55~25.76 % 4.55~42.42% 100.00 %		Loss allowance provision (Note)
					$ 733 - - - 3 $ 736

Current 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due More than 91 days past due			December 31, 2020
		Gross carrying amount $ 144,836 85 136 135 446 $ 145,638	Weighted average loss rate 0.03~1.25% 5.00~26.27% 5.00~34.89% 5.00~75.26% 100.00%		Loss allowance provision (Note)
					$ 867 9 48 102 446 $ 1,472

Current 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due More than 91 days past due			June 30, 2020
		Gross carrying amount $ 76,743 669 1 79 556 $ 78,048	Weighted average loss rate 0.00~1.71% 0.00~49.80% 0.00~72.48% 1.89~100% 100.00%		Loss allowance provision (Note)
					$ 669 333 1 79 556 $ 1,638

Note: As of June 30, 2021, December 31, 2020, and June 30, 2020, the receivables amounted to $32,844, $32,844, and $24,254 were unrecoverable due to the financial difficulty of the customers. Therefore, the Group had recognized the allowance for doubtful accounts for all of its receivables.

～ 20 ～

The movement in the allowance for notes and accounts receivable was as follows:

Balance on January 1 Recognition of impairment losses Loss of control of the subsidiary Balance onJune30		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021 $ 39,803 578 ( 1,168) $ 39,213		2020
				$ 29,563 1,893 - $ 31,456

No financial assets mentioned above were pledged as collateral.

10. Other receivables and other notes receivable (including related parties)

Other accounts receivable—loans to associates Other accounts receivable—others Less: Loss allowance		June 30, 2021		December 31, 2020		June 30, 2020
	(	$ 30,000 147,940 1,817) $ 176,123		$ 30,000 72,705 ( 1,697) $ 101,008		$ 150,000 62,394 ( 1,697) $ 210,697

As of June 30, 2021, December 31, 2020, and June 30, 2020, the aging analysis of other receivables, which were past due but not impaired, was as follows:

Past due less than 365 days Past due more than 365 days		June 30, 2021		December 31, 2020		June 30, 2020
		$ - 33 $ 33		$ - 120 $ 120		$ 610 120 $ 730

a. The overdue receivables amounted to $0, $0, and $334,271 on June 30, 2021, December 31, 2020, and June 30, 2020, respectively. Therefore, the Group had recognized the allowance for doubtful accounts for all of its overdue receivables.
b. For credit risk and market risk; please refer to Note 33.

11. Inventories

Inventories
Goods held for sale Spare programs Raw materials and others (including fuel)		June 30, 2021		December 31, 2020		June 30, 2020
		$ 287,580 1,737 29,706 $ 319,023		$ 313,012 5,851 28,046 $ 346,909		$ 258,552 - 30,267 $ 288,819

a. For the three months and six months ended June 30, 2021 and 2020, due to the increase in the net realizable value of inventories, the loss on inventory valuation loss the Group recognized was $0, $249, $471, and $249, respectively.
b. No inventories were pledged as collateral on June 30, 2021, December 31, 2020, and June 30, 2020, respectively.

12. Non-current assets held for sale

a. Within a year’s time, the Group expected to dispose all of its shares in its fully owned subsidiaries, Eastern Biotechnology (Shanghai), wherein the disposal is to be recognized as non-current assets held for sale (or discontinued operation). The disposal of Eastern Biotechnology (Shanghai) has been completed on January 20, 2020.
b. No non-current assets held for sale were pledged as collateral.
c. For the registration of share transfer; please refer to Note 16.

～ 21 ～

13. Investments accounted for using equity method

a. The Group’s financial information for investments accounted for using the equity method at the reporting date was as follows:

Natural Beauty bio-technology Limited (Natural Beauty) Eastern Home Shopping & Leisure Co., Ltd (EHS) Jiangsu Sen Fu Da Media Technology Co., Ltd.		June 30, 2021	December 31, 2020		June 30, 2020
		$ 1,910,065 500,897 - $ 2,410,962	$ 1,951,807 491,228 - $ 2,443,035		$ 1,966,709 410,390 5,808 $ 2,382,907

b. Affiliates which are material to the Group consisted of the following:

Affiliate Name	Within the Group Nature of Relationship	Main operating location	Proportion of shareholding and voting rights June 30, 2021 December 31,2020 June 30, 2020	Proportion of shareholding and voting rights June 30, 2021 December 31,2020 June 30, 2020
			June 30, 2021 December 31,2020
Natural Beauty EHS	Sales of beauty and cosmetic products and providing beauty service Wholesale and retail of various commodities, materials and equipment	Taiwan and China Taiwan, Hong Kong and China	30.00% 30.00% 25.87% 25.87 %	30.00% 25.87%

(a) Natural Beauty Bio-Technology Limited

Natural Beauty Bio-Technology Limited (“Natural Beauty”) was one of the listing companies in Hong Kong Exchanges and Clearing Limited (“Hong Kong Exchange”). Its fair value is as follows:

Fair value		June 30, 2021	December 31, 2020	December 31, 2020		June 30, 2020
		$ 1,508,130		$ 1,433,971		$ 1,492,528

The Audit Committee of Natural Beauty received a letter from its CPA in March, 2020, requesting it to hire an independent forensic accounting firm to investigate some items such as sales revenue and account receivables collection in the 2019 financial statements. Due to the wide-ranging content of the investigation, Natural Beauty applied for a temporary suspension of trading on the Hong Kong Exchange starting at 9 am on March 25, 2020. Natural Beauty fulfilled all the resumption conditions instructed by the Hong Kong Exchange on February 10, 2021, and resumed trading on February 11, 2021. The fair value of Natural Beauty on June 30 and December 31, 2020 is calculated based on the suspension price on March 25, 2020.

Moreover, the forensic report of the forensic accounting firm was sent to the Audit Committee of Natural Beauty for confirmation on July 6, 2020. The Audit Committee believed that the forensic accountant had completed all the work required by the CPA and stated that there was no irregularity in the accounting of Natural Beauty. However, the CPA was not completely satisfied with the conclusion of the forensic accountant and requested further investigation. However, after the Natural Beauty Audit Committee and the Board of Directors reviewed the investigation report of the forensic accountants, they found its conclusions to be quite complete and there is no need for further investigation.

～ 22 ～

The response to the CPA opinion was announced on July 27, 2020. The appointment of the CPA was to be terminated on July 31, 2020. On August 14, 2020, Natural Beauty had completed the appointment of a successor CPA, the appointment of a successor CPA issued 2019 financial statements on November 20, 2020.

The following consolidated financial information of significant affiliates had been adjusted according to individually prepared IFRS financial statements of these affiliates:


		(
		2021 466,395 37,364 18,271 55,635 55,635 677,558 16,690 6,471) 9,726) 678,051 307,225 277,659 475,434 181,757
$ $ $ $ $ ( (	$
	$
	$
	$

～ 23 ～

Effect of exchange rate fluctuations Less: adjustment for inventories Book value of net assets attributable to the Group on June 30	For the three months ended June 30 2021 2020 ($ 14) ($ 15,363) ( 10,047) ( 10,685) $ 1,910,065 $ 1,966,709	For the six months ended June 30	For the six months ended June 30
		2021 ($ 14) ( 10,047) $ 1,910,065	2020
			($ 15,363) ( 10,685) $ 1,966,709

(b) Eastern Home Shopping & Leisure Co., Ltd.

The following consolidated financial information of significant affiliates had been adjusted according to individually prepared IFRS financial statements of these affiliates:

Current assets Non-current assets Liabilities Net assets Non-controlling interests, attributable to investee Net assets attributable to investee		June 30, 2021		December 31, 2020		June 30, 2020
		$ 4,709,681 6,907,893 ( 9,370,128) $ 2,247,446 $ 311,121 $ 1,936,325		$ 5,459,802 6,614,712 ( 9,882,194) $ 2,192,320 $ 293,369 $ 1,898,951		$ 3,767,075 6,506,270 ( 8,422,334) $ 1,851,011 $ 264,558 $ 1,586,453

Operating revenue Net income Other comprehensive loss Total comprehensive income Comprehensive income (loss), attributable to non-controlling interests Comprehensive income attributable to investee Share of net assets attributable to the Group of beginning balance Comprehensive income attributable to the Group Dividends received from assiociates Share of net assets attributable to the Group on June 30		For the three months ended June 30 2021 2020 $ 6,629,904 $ 5,614,251 $ 461,269 $ 340,434 ( 9,752) ( 16,770) $ 451,517 $ 323,664 $ 7,943 ($ 3,190) $ 443,574 $ 326,854 $ 597,065 $ 459,505 114,745 84,551 ( 210,913) ( 133,666 ) $ 500,897 $ 410,390	For the three months ended June 30 2021 2020 $ 6,629,904 $ 5,614,251 $ 461,269 $ 340,434 ( 9,752) ( 16,770) $ 451,517 $ 323,664 $ 7,943 ($ 3,190) $ 443,574 $ 326,854 $ 597,065 $ 459,505 114,745 84,551 ( 210,913) ( 133,666 ) $ 500,897 $ 410,390		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021 $ 6,629,904 $ 461,269 ( 9,752) $ 451,517 $ 7,943 $ 443,574 $ 597,065 114,745 ( 210,913) $ 500,897			2021 $ 13,250,122 $ 880,669 ( 10,304) $ 870,365 $ 17,660 $ 852,705 $ 491,228 220,582 ( 210,913) $ 500,897		2020
							$ 10,968,374 $ 584,079 ( 7,296) $ 576,783 ($ 3,033) $ 579,816 $ 394,067 149,989 ( 133,666) $ 410,390

～ 24 ～

c. The Group’s financial information for investments accounted for using the equity method that are individually insignificant was as follows:

Carrying amount of individually insignificant associates’ equity For the three months ended June 30 2020 Attributable to the Group: Profit from continuing operations $ 182 Other comprehensive loss ( 390) Total comprehensive loss ($ 208)	Carrying amount of individually insignificant associates’ equity For the three months ended June 30 2020 Attributable to the Group: Profit from continuing operations $ 182 Other comprehensive loss ( 390) Total comprehensive loss ($ 208)		June 30, 2020 $ 5,808 For the six months ended June 30	June 30, 2020
	2020		2020 $ 182 1,626) $ 1,444)
	$ 182 ( 390) ($ 208)	( (

d. The liquidation of Group affiliate EHK E&S Co., Ltd. was completed on June 18, 2020, and all remaining invested funds of $24,473 were recovered as of June 30, 2020, incurring an investment loss of $3,806. The investment loss of this disposal includes the amount previously recognized in other comprehensive income that may be reclassified to profit or loss.
e. The Group recognized impairment losses of $5,933 related to individually insignificant associates on December 31, 2020.
f. Please refer to Note 38 for the details of the investments accounted for using equity method pledged as collateral.
g. The unreviewed financial statements of investments for using equity method Except for EHS as of June 30, 2021 and 2020, investments were accounted for by the equity method, and the share of profit or loss and other comprehensive income of those investments were calculated based on the financial statements that have not been reviewed.

14. Acquire a subsidiary

a. On January 2, 2020, the Company’s Board of Directors resolved to invest $100,000 in Eastern Asset, with a 100% shareholding, which was registered on February 24, 2020. It participated in the cash capital increase on March 10 and June 23 of the same year. The former did not increase the capital in proportion to the shareholding ratio, with an investment amount of $230,000, thereby reducing its shareholding to 55%. All registration procedures had been completed on April 6, 2020. The latter transaction increased its capital by $165,000, and all registration procedures had been completed on July 27, 2020.
b. The consolidated subsidiary – ET New Media has decided to establish Dung sen min diau yun Co., Ltd. on June 10, 2019 after obtaining the approval from the board of directors. Dung sen min diau yun Co., Ltd. has completed the registration on September 24, 2020 with the capital of $1,000 which was 100% held by ET New Media.

15. Material non-controlling interests of subsidiaries

Non-controlling interests of subsidiaries material to the Group are as follows:

Subsidiary name	Main operating location	Percentage of non-controlling interests June 30, 2021 December 31, 2020 June 30, 2020
Eastern Asset	Taiwan	45.00% 45.00% 45.00%

～ 25 ～

The following information of the aforementioned subsidiaries had been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers. Included in this information were the fair value adjustment and accounting policies adjustment made during the acquisition and relevant difference in accounting principles between the Group as at the acquisition date. Intragroup transactions were not eliminated in this information.

The financial information of Eastern Asset was as follows:

				June 30,				December	31,	31,	June 30,	June 30,
				2021				2020				2020
Current assets		$		275,560			$	316,719			$	439,074
Non-current assets				1,508,653				1,493,971				1,493,729
Current liabilities		(		4,526)		(		9,195)		(		143,898)
Non-current liabilities		(		880,759)		(		901,924)		(		889,854)
Net assets		$		898,928			$	899,571			$	899,051
		For the		three months					For the six months
		ended June 30								ended	June	30
		2021			2020			2021				2020
Operating
revenue	$		-	$	-			$		-	$	-
Net Income	$	24		($	707)			($	642)		($	948)
Other
comprehensive
income			-		-					-		-
Total
comprehensive
income	$	24		($	707)			($	642)		($	948)
								For the six months ended June				30
								2021			2020
Net cash flows from	operating activities				( $			12,949 )		($		342 )
Net cash flows from	investing activities							2,346		(		256,828 )
Net cash flows from	financing activities				(			33,062)				690,462
Net (decrease) increase in cash and				cash
equivalents					( $			48,357 )		$		433,292

16. Loss of control of subsidiaries

a. The Group resolved in February 2019 to dispose of all shares in the subsidiary, Eastern Biotechnology (Shanghai); the disposal has been completed on January 20, 2020. The Group lost control over Eastern Biotechnology (Shanghai) due to the disposal. The disposition price was $764 (CNY $200). The gains on disposal of the investment were amounted to $82.
b. The Group liquated its subsidiary, Shanghai Rich on March 24, 2021, and lost control over Shanghai Rich due to the disposal.
c. The Company resolved on May 6, 2021 to dispose of the entire equity in the subsidiary, MWT with the price $35,400. After deducting relevant fees $106, the net price was fully received on May 10, 2021. The share transfer registration procedures were finished on May 28, 2021, and lost control over MWT since then. The loss on disposal of the investment was amounted to $4,327. Please refer to Note 19 for the details of transfer of

～ 26 ～

goodwill generated from MWT.

The carrying amount of assets and liabilities of MWT on May 28, 2021, was as follows:

Cash and cash equivalents		7,028
Inventories		22,733
Accounts receivable and other accounts receivable		12,783
Other current assets		20,962
Property, plant and equipment		1,082
Right-of-ues assets		1,893
Other non-current assets		3,459
Short term loans	(	20,000)
Accounts payable and other accounts payable	(	5,664)
Current lease liabilities	(	645)
Other current liabilities	(	27,145)
Non-current lease liabilities	(	1,235)
Other non-current liabilities	(	149)
Carrying amount of net assets	$	15,102

17. Property, plant and equipment

a. The cost, depreciation, and impairment loss of the property, plant and equipment of the Group were as follows:

Cost or deemed cost: Balance on January 1, 2021 Loss of control of the subsidiary Additions Transfers Disposals Balance on June 30, 2021 Balance on January 1, 2020 Additions Transfers Disposals Balance on June 30, 2020 Depreciation and impairment loss: Balance on January 1, 2021 Loss of control of the subsidiary Depreciation Transfers Disposals Balance on June 30, 2021 Balance on January 1, 2020 Depreciation Disposals Balance on June 30, 2020 Carrying amounts: January 1, 2021 June 30, 2021 January 1, 2020 June 30, 2020		Land	Buildings	Machinery and equipment Transportation equipment i	Leasehold mprovements Construction inprogress	Leasehold mprovements Construction inprogress	Other equipment	Total
		$ 596,742 - - - - $ 596,742 $ 508,791 87,951 - - $ 596,742 $ 5,740 - - - - $ 5,740 $ 5,740 - - $ 5,740 $ 591,002 $ 591,002 $ 503,051 $ 591,002	$ 1,024,477 - 678 - - $ 1,025,155 $ 1,015,005 9,472 - - $ 1,024,477 $ 654,298 - 28,519 - - $ 682,817 $ 590,188 32,548 - $ 622,736 $ 370,179 $ 342,338 $ 424,817 $ 401,741	$ 3,674 $ 41,326 - ( 450) - 400 - - - ( 1,067) ( $ 3,674 $ 40,209 $ 3,674 $ 34,957 - 5,671 - - - ( 310) $ 3,674 $ 40,318 $ 3,674 $ 27,380 - ( 450) - 2,405 - - - ( 1,067) ( $ 3,674 $ 28,268 $ 3,674 $ 23,928 - 1,837 - ( 310) $ 3,674 $ 25,455 $ - $ 13,946 $ - $ 11,941 $ - $ 11,029 $ - $ 14,863	$ 502,263 - 32,199 91,898 ( 6,700) $ 619,660 $ 425,579 21,396 ( 1) ( 5,079) $ 441,895 $ 105,579 - 40,159 - 1,754) $ 143,984 $ 52,811 28,782 ( 1,904) $ 79,689 $ 396,684 $ 475,676 $ 372,768 $ 362,206	$ 163,714 - ( 34,464 2,064) - ( $ 196,114 $ 400 117,260 ( 226) - $ 117,394 $ - - ( - - ( - ( $ - $ - - - $ - $ 163,714 $ 196,114 $ 400 $ 117,394	$ 347,381 5,084) ( 32,877 840 3,496) ( $ 372,518 $ 285,974 26,438 267 ( 1,814) $ 310,865 $ 213,222 4,002) ( 28,295 13) ( 2,210) ( $ 235,292 $ 158,743 26,526 ( 624) $ 184,645 $ 134,159 $ 137,226 $ 127,231 $ 126,220	$ 2,679,577 5,534) 100,618 90,674 11,263) $ 2,854,072 $ 2,274,380 268,188 - ( 7,203) $ 2,535,365 $ 1,009,893 4,452) 99,378 13) 5,031) $ 1,099,775 $ 835,084 89,693 ( 2,838) $ 921,939 $ 1,669,684 $ 1,754,297 $ 1,439,296 $ 1,613,426

b. For the six months ended June 30, 2021, the decrease in the Group's property, plant and equipment due to the loss of control over the subsidiary is described in Note 16.

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c. In March 2020, the Group signed a land rights contract with the Economic Development Bureau of the New Taipei City Government and the North District Office of the State-Owned Property Department of the Ministry of Finance in the form of land lease rights; and it has completed the establishment of land rights as of April 13, 2020, It is expected to be used for the construction of Eastern Media Group headquarters, The cost invested in the planning and construction is recognized under property, plant and equipment. In addition, please refer to Note 18 for the details of the lease of land rights.
d. Please refer to Note 38 for the details of the property, plant and equipment pledged as collateral.

18. Right-of-use assets

a. The cost, depreciation, and impairment loss of the land and equipment, buildings, media exhibition boards and transportation equipment of the Group were as follows:

Land and equipment Right of use asset costs: Balance on January 1, 2021 $ 5,233,445 Loss of control of the subsidiary - Additions - Write off - lease modification 3 Write off - lease ending - Balance on June 30, 2021 $ 5,233,448 Balance on January 1, 2020 $ 4,109,171 Additions 1,126,492 Write off - lease modification ( 2,218) Balance on June 30, 2020 $ 5,233,445 Accumulated depreciation and impairment losses: Balance on January 1, 2021 $ 441,315 Loss of control of the subsidiary - Depreciation 113,689 Impairment loss - Write off - lease modification - Write off - lease ending - Balance on June 30, 2021 $ 555,004 Balance on January 1, 2020 $ 220,259 Depreciation 107,360 Impairment loss - Write off - lease modification - Balance on June 30, 2020 $ 327,619 Carrying amounts: January 1, 2021 $ 4,792,130 June 30, 2021 $ 4,678,444 January 1, 2020 $ 3,888,912 June 30, 2020 $ 4,905,826	Buildings $ 1,085,759 ( 992) 142,376 ( 19,364) ( 13,592) $ 1,194,187 $ 882,233 46,857 ( 10,156) $ 918,934 $ 297,986 ( 83) 102,382 - ( 3,876) ( 13,592) $ 382,817 $ 130,528 92,578 - ( 1,569) $ 221,537 $ 787,773 $ 811,370 $ 751,705 $ 697,397	Outdoor advertising boards $ 2,763,333 - 10,842 ( 616) - $ 2,773,559 $ 2,453,661 32,383 - $ 2,486,044 $ 1,136,693 - 348,690 10,595 - - $ 1,495,978 $ 332,115 322,976 150,403 - $ 805,494 $ 1,626,640 $ 1,277,581 $ 2,121,546 $ 1,680,550	Transportation equipment $ 4,732 ( 1,492) 2,393 - - $ 5,633 $ - 1,492 ( 15) $ 1,477 $ 598 ( 508) 783 - - - $ 873 $ - 169 - - $ 169 $ 4,134 $ 4,760 $ - $ 1,308	Total
				$ 9,087,269 ( 2,484) 155,611 ( 19,977) ( 13,592) $ 9,206,827 $ 7,445,065 1,207,224 ( 12,389) $ 8,639,900 $ 1,876,592 ( 591) 565,544 10,595 ( 3,876) ( 13,592) $ 2,434,672 $ 682,902 523,083 150,403 ( 1,569) $ 1,354,819 $ 7,210,677 $ 6,772,155 $ 6,762,163 $ 7,285,081

b. In March 2020, Group subsidiary Eastern Asset cooperated with the Economic Development Bureau of the New Taipei City Government and the North District Office of the State-owned Property Administration on the “Linkou International Media Park Investment Promotion Project” and signed a contract to establish land usage rights. The duration of the land usage rights is 50 years from the date of registration of the land usage, and the land usage was set up on April 13, 2020. During the duration of the contract, Eastern Asset shall pay rent to the North Branch of the State-owned Property Administration of the Ministry of Finance each year at a certain rate of the announced land price.

Eastern Asset also signed an investment contract with the Economic Development Bureau of New Taipei City Government in March 2020. The main contents of the

～ 28 ～

contract are as follows:

(a) Development and operation period: 50 years from the date of establishment and registration of land usage rights.
(b) Development royalties: The total amount is $200,000 under the right-of-use assets account.
(c) Operating royalties: Starting from the date of operation, the actual net operating income of each base for the year is multiplied by the percentage of operating royalties contained in the contract to the net operating income to calculate the actual operating royalties payable by each base.
(d) Performance bond: The performance bond has been paid according to the contract amounting to $200,000 (under the guarantee deposits paid account).
c. The land rights obtained by Eastern Asset are expected to be used to build the headquarters of the Eastern Media Group, and the depreciation expenses of the right-of-use assets and the interest expenses of lease liabilities during the planning and construction period will be capitalized. The interest rate was at 2.75%. Details are as follows:

Right-of-use assets depreciation expense Interest expense on lease liabilities		For the three months ended June 30	For the three months ended June 30	For the three months ended June 30		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021 $ 5,633 $ 5,969		2020		2021 $ 11,266 $ 12,004		2020
				$ 4,917 $ 5,358				$ 4,917 $ 5,358

The above accounts are listed under property, plant and equipment. Please refer to Note 17 for details.

d. Impairment losses

The media segment was affected by the Covid-19 pandemic, which caused a decline in advertising business. The Group expects that the future cash inflow generated by outdoor advertising boards will decrease, causing its recoverable amount to be less than the book value of the right-of-use assets. Therefore, for the three months and the six months ended June 30, 2021 and 2020, the impairment losses recognized were $10,595, $150,403, $10,595 and $150,403, respecively. The impairment loss has been included in the other gains and losses net of the consolidated comprehensive income statement; please refer to Note 32.

The recoverable amount of outdoor advertising boards is calculated based on the value in use, and the value in use in turn is calculated based on the pre-tax cash flow forecast of the financial forecast for the remaining lease period of the outdoor advertising boards. The discount rates used to estimate the value in use are 8.41% and 6.73%, respectively. The discount rate is a pre-tax rate measured on the basis of the estimated industry weighted average cost of capital, and the risk premium is adjusted to reflect the increased risk of general investment in equity and the specific systemic risk of cash-generating units.

The cash flow estimation is based on the financial budget of the remaining lease period of the outdoor advertising boards estimated by the management. The estimation of EBITDA during the financial budget period is based on past experience, actual operating results and future lease expiry dates. Considering the nature of the outdoor media business, the management believes that the aforementioned forecast period is reasonable. The relevant operating income is estimated based on past experience and

～ 29 ～

actual operating conditions, taking into account the market environment and the growth of the industry market. It also estimates operating costs and expenses based on past experience and changes in various costs and expenses, and calculates the recoverable amount using the pre-tax discount rate. The values of these key assumptions represent the management's assessment of the future trend of the outdoor media space operation business, while taking external and internal information (historical information) into account.

19. Intangible assets

The cost, depreciation, and impairment loss of the Intangible assets of the Group were as follows:

Client rights	Computer software	Other intangible assets
$ 73,169 - -	$ 53,856 791 -	$ 19,290 750 -
$ 73,169	$ 54,647	$ 20,040
$ 69,909 - -	$ 42,053 5,033 -	$ 13,008 1,994 -
$ 69,909	$ 47,086	$ 15,002
$ 9,146 3,658 - $ 12,804 $ 4,254 9,557 $ 13,811 $ 64,023 $ 60,365 $ 65,655 $ 56,098	$ 27,551 5,618 31	$ 8,545 2,907 -
	$ 33,200	$ 11,452
		$ 3,602 2,102
	$ 22,537	$ 5,704
	$ 26,305	$ 10,745
	$ 21,447	$ 8,588
	$ 24,250	$ 9,406
	$ 24,549	$ 9,298

For the six months ended June 30, 2021, due to the loss of control of the subsidiary, the goodwill decreased of $31,919. Please refer to Note 16 for the details.

20. Short-term loans

Details of short-term loans of the Group were as follows:

Unsecured bank loans Secured bank loans Total Unused credit lines	June 30, 2021 $ 11,347 20,000 $ 31,347 $ 1,747,799	December 31, 2020 $ 12,295 50,000 $ 62,295 $ 1,005,800	June 30, 2020 $ 100,000 20,000
			$ 120,000
			$ 899,879

a. For the six months ended June 30, 2021, the reduction of short-term loans was due to the loss of control of the subsidiary. The information please refer to Note 16.
b. Please refer to Note 38 for the details of the related assets pledged as collateral.
c. Please refer to Note 22 for the details of the interest rates.

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21. Short-term notes and bills

Details of short-term notes and bills of the Group were as follows:

No guarantees to pay commercial promissory notes Less: discount amount Carrying amount Unused credit lines	June 30, 2021 $ 80,000 (84) $ 79,916 $ 330,000	December 31, 2020 $ - - $ - $ -	June 30, 2020
			$ - - $ - $ -

Please refer to Note 22 for the details of the interest rates.

22. Notes payable

Notes payable
Generated from operation Non-generated from operation financing		June 30, 2021		December 31, 2020		June 30, 2020
		$ 16,621 84,182 $ 100,803		$ 29,877 64,727 $ 94,604		$ 145,476 - $ 145,476

a. Notes payable which were not generated from operation were 12 periods of repayment checks issued to the leasuring company. Since there were demands for short-term working capital of the Group, the Group signed a loan contract with leasuring company in March 2021 and September 2020, respectively. The loaning duration was lasting for one year. The former repaid interests evenly, and repaid the principal in the last period. The latter amortized 70% of the principal during the first 11 periods, and repaid the remaining 30% of the principal in the 12 period.
b. The interest rates in short-term loans, short-term notes and bills and notes payable are 1.955%~3.04%, 1.955%~3.04% and 1.40%~1.956% on June 30, 2021, December 31, 2020, and June 30, 2020, respectively.

23. Long-term loans

Details, conditions, and terms of long-term loan of the Group were as follows:

June 30, 2021 Unsecured loans $ 76,500 Secured bank loans 1,037,890 Less: Current portion ( 158,850) Fees ( 7,533) Total $ 948,007 Duration year 110~118 Interest rates 1.80%~3.94% Unused credit lines $ 4,859,210 Please refer to Note 38 for the details of the related Long term notes and accounts payable June 30, 2021 Generated from operation $ 200,690 Less: Current portion ( 148,148) $ 53,542	June 30, 2021 Unsecured loans $ 76,500 Secured bank loans 1,037,890 Less: Current portion ( 158,850) Fees ( 7,533) Total $ 948,007 Duration year 110~118 Interest rates 1.80%~3.94% Unused credit lines $ 4,859,210 Please refer to Note 38 for the details of the related Long term notes and accounts payable June 30, 2021 Generated from operation $ 200,690 Less: Current portion ( 148,148) $ 53,542	June 30, 2021 Unsecured loans $ 76,500 Secured bank loans 1,037,890 Less: Current portion ( 158,850) Fees ( 7,533) Total $ 948,007 Duration year 110~118 Interest rates 1.80%~3.94% Unused credit lines $ 4,859,210 Please refer to Note 38 for the details of the related Long term notes and accounts payable June 30, 2021 Generated from operation $ 200,690 Less: Current portion ( 148,148) $ 53,542	June 30, 2021 Unsecured loans $ 76,500 Secured bank loans 1,037,890 Less: Current portion ( 158,850) Fees ( 7,533) Total $ 948,007 Duration year 110~118 Interest rates 1.80%~3.94% Unused credit lines $ 4,859,210 Please refer to Note 38 for the details of the related Long term notes and accounts payable June 30, 2021 Generated from operation $ 200,690 Less: Current portion ( 148,148) $ 53,542	December 31, 2020	December 31, 2020	December 31, 2020
		$ 200,690 ( 148,148) $ 53,542		$ 176,890 (116,004) $ 60,886		$ - - $ -

24. Long term notes and accounts payable

Long term notes payable were 24 periods of repayment checks. Since there were

～ 31 ～

demands for working capital of the Group, the Group signed an installment purchase contract in June and March 2021 and September 2020.

25. Lease liabilities

Book value of the Group’s lease liabilities were as follows:

Current Non-current	June 30, 2021 $ 1,096,673 $ 5,710,122	December 31, 2020 $ 1,174,478 $ 6,167,307	June 30, 2020
			$ 949,176
			$ 6,339,147

For the maturity analysis, please refer to Note 33.

Lease amounts recognized as profit or loss were as follows:

For the three months ended June 30	For the six months ended June 30	For the six months ended June 30
		2020
2021 $ 818,434	2020 $ 682,628

Lease amounts recognized in the Statements of Cash Flows were as follows:

a. For the six months ended June 30, 2021, the reduction of lease liabilities was due to the loss of control of the subsidiary. The information please refer to Note 16.
b. For the six months ended June 30, 2021 and 2020, newly added lease liabilities were amounted to $155,611 and $1,207,224 respectively, and the interest rates were 2.75%~3%. Lease period ending dates extend from September 2021 to April 2070. However, for the six months ended June 30, 2021 and 2020, the group negotiated modifications to its contracts in consideration of its operating conditions, thereby reducing lease liabilities by $16,316 and $10,990 respectively. The information on modifications of the Group’s lease contracts, please refer to Notes 18 and 32.
c. Leases of land and equipment, and buildings

As of June 30, 2021, the Group leased land and buildings for its warehousing operations, office space and retail stores, and the land rights of the group headquarters. The leases of office space typically run for a period of 20 years, retail stores for 3 to 10 years, and

～ 32 ～

land usage rights for 50 years. Some leases included an option to renew the lease for an additional period of the same duration after the end of the contract term.

Some leases of office buildings contained extension options exercisable by the Group up to one year before the end of the non-cancellable contract period. These leases are negotiated and monitored by local management, and accordingly, contain a wide range of different terms and conditions. The extension options held are exercisable only by the Group and not by the lessors. In which lease is not reasonably certain to use an optional extended lease term, payments associated with the optional period are not included within lease liabilities.

d. Other leases

The Group leases outdoor advertising boards and transportation equipment with lease terms of three to five years. In some cases, the Group has options to extend lease terms at the end of the contract term.

The Group also leases IT equipment and machinery with contract terms of one to three years. These leases are short-term or leases of low value items. The Group has elected not to recognize right of use assets and lease liabilities for these leases.

26. Employee benefits

a. Defined benefit plans

The Group used actuarially determined pension costs as of December 31, 2020 and 2019 to measure and disclose pension costs for the interim period as there were no significant market fluctuations, and significant curtailments, settlements or other significant one-time events subsequent to the prior reporting date.

The expenses regonized in profit and loss for the Group were as follows:

Operating cost Operating expense		For the three months ended June 30 2021 2020 $ 253 $ 269 136 154 $ 389 $ 423	For the three months ended June 30 2021 2020 $ 253 $ 269 136 154 $ 389 $ 423		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021			2021		2020
		$ 253 136 $ 389			$ 504 276 $ 780		$ 546 300 $ 846

b. Defined contribution plans

The Group's pension expenses under the defined contribution plans were as follows:

Operating cost Operating expense		For the three months ended June 30 2021 2020 $ 6,387 $ 6,209 7,166 6,758 $ 13,553 $ 12,967	For the three months ended June 30 2021 2020 $ 6,387 $ 6,209 7,166 6,758 $ 13,553 $ 12,967		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021 $ 6,387 7,166 $ 13,553			2021		2020
					$ 12,797 14,402 $ 27,199		$ 12,399 13,225 $ 25,624

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27. Income taxes

Income taxes
		For the three months			For	the six months
		ended June 30			ended June		30
		2021 2020			2021		2020
Current income tax
expense
Current period	($	15,070) ($ 47,659)		( $	40,017) ($		92,943)
Adjustment for prior
periods		188 (	6)			188	311
Income taxes	($	14,882) ($ 47,665)		($	39,829) ($		92,632)
For the three months and the six months ended June 30, 2021 and 2020,							previously
unrecognized tax losses of $15,792, $49,937, $42,113			and $99,917			were recognized as
deferred tax assets, as management determined that it			was	probable		that there	would be
sufficient taxable gains in the future.

The Company’s tax returns for the years through 2018 were examined and approved by the tax authority.

28. Capital and other equity

Except for the following disclosure, there were no significant changes in capital and other equity of the Group for the six months ended June 30, 2021 and 2020. For the related information, please refer to Note VI(XXIV) of the consolidated financial statements for the year ended December 31, 2020.

a. Ordinary shares

For increasing the return on equity, on March 25, 2021, a resolution was passed in the Boardmeeting for the capital reduction with $0.5(NT$) per share, amounting to $278,395, cancelling 27,840 ordinary shares, and would be passed in the shareholders’ meeting on July 7, 2021. The capital reduction was approved by the Taiwan Stock Exchange on July 23, 2021.The Company’ s board of directs approved the reference date for capital reduction would be on July 28, 2021. The registration procedures were still not finished by the review reporting date.

b. Retained earnings

The dividend policy of the Company takes into consideration the expenditures for its business expansion, investment, and improvement of its financial structure. Dividend distributions should not be less than 15% of distributable earnings. The Company distributes dividends of at least 10% of the aggregated dividends, if the distributions include cash dividends. The policy requires that all after-tax earnings shall first offset any deficit, and 10% of the balance shall be set aside as legal reserve. The appropriation for legal reserve is discontinued when the balance of the legal reserve equals the amount of issued share capital. Aside from the aforesaid legal reserve, the Company may, under its articles of incorporation or as required by the government, appropriate a special reserve. If there is still surplus, and the undistributed surplus at the beginning of the same period (including adjustment of the amount of undistributed surplus), its distribution shall be the approved by the board of directors.

The appropriations of 2020 earnings concerning cash dividends have been approved by the Company’s board of directors on March 25, 2021. The rest appropriations of 2020 earnings and 2019 earnings would be resolved by the shareholder’s meeting on July 7, 2021 and June 29, 2020, respectively. The appropriations were as follows:

～ 34 ～

Legal reserve Special reserve Cash dividends		Amount 2020 2019 $ 54,042 $ 37,423 68,155 44,579 445,432 556,790		Dividend per share (NT$)	Dividend per share (NT$)
		2020 $ 54,042 68,155 445,432		2020 $ - - 0.8	2019
					$ - - 1.0

As for the appropriations of 2020 earnings, please visit the Market Observation Post System for more information.

c. Other equity (net of tax)

Balance on January 1, 2021 Exchange differences on foreign operation Change in other comprehensive (loss) income of associates accounted for using equity method Unrealized gains from financial assets measured at fair value through other comprehensive income Balance on June 30, 2021 Balance on January 1, 2020 Exchange differences on foreign operation Change in other comprehensive (loss) income of associates accounted for using equity method Unrealized losses from financial assets measured at fair value through other comprehensive income Balance on June 30, 2020		Foreign currency translation differences for foreign operations	Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income ($ 3,666) - 26 7 ($ 3,633) ($ 3,671) - 5 ( 6) ($ 3,672)	Total
	(	($ 292,290) 3,967 ( 43,543) - ($ 331,866) ($ 224,130) ( 581) ( 28,189) - $ 252,900)		($ 295,956) 3,967 ( 43,517) 7 ($ 335,499) ($ 227,801) ( 581) ( 28,184) ( 6) ($ 256,572)

～ 35 ～

29. Earnings per share

The basic earnings per share and diluted earnings per shares were calculated as follows:

For the three months ended June 30, 2021	For the three months ended June 30, 2021	For the three months ended June 30, 2021
Net of tax The weighted average number of ordinary shares outstanding (thousand shares) Earnings per share (NT$) $ 254,952 556,790 $ 0.46 $ 254,952 556,790 - 540 $ 254,952 557,330 $ 0.46 For the three months ended June 30, 2020		Earnings per share (NT$)
Net of tax $ 15,849 $ 15,849 - $ 15,849	The weighted average number of ordinary shares outstanding (thousand shares) 556,790 556,790 455 557,245	Earnings per share (NT$)
		$ 0.03 $ 0.03

～ 36 ～

For the six months ended June 30, 2021

Basic earnings per share Profit attributable to ordinary shareholders of the Company Diluted earnings per share Profit from continuing operations of the Company for the period Effect of dilutive potential ordinary shares: Employee stock bonus Profit attributable to ordinary shareholders of the Company (Weighted average number of ordinary shares(diluted) on June 30)	Net of tax $ 310,922 $ 310,922 - $ 310,922	The weighted average number of ordinary shares outstanding (thousand shares) 556,790 556,790 540 557,380	Earnings per share (NT$)
			$ 0.56 $ 0.56

Basic earnings per share Profit attributable to ordinary shareholders of the Company Diluted earnings per share Profit from continuing operations of the Company for the period Effect of dilutive potential ordinary shares: Employee stock bonus Profit attributable to ordinary shareholders of the Company (Weighted average number of ordinary shares(diluted) on June 30)		For the six months ended June 30, 2020	For the six months ended June 30, 2020	For the six months ended June 30, 2020
		Net of tax $ 144,435 $ 144,435 - $ 144,435	The weighted average number of ordinary shares outstanding (thousand shares) 556,790 556,790 455 557,245	Earnings per share (NT$)
				$ 0.26 $ 0.26

30. Revenue from contracts with customers

a. Details of revenue

Main services: Sales revenue Media revenue Loading and storage revenue Other revenue		For the three months ended June 30, 2021	For the three months ended June 30, 2021	For the three months ended June 30, 2021	For the three months ended June 30, 2021	For the three months ended June 30, 2021	For the three months ended June 30, 2021	For the three months ended June 30, 2021	For the three months ended June 30, 2021
		Warehousing			Trading		Media		Others		Total
			$ - - 373,505 - $ 373,505		$ 457,704 - - 46,466 $ 504,170		$ 11,615 419,208 - 27,056 $ 457,879		$ 2,291 - - 5,454 $ 7,745		$ 471,610 419,208 373,505 78,976 $ 1,343,299

～ 37 ～

For the three months ended June 30, 2020	For the three months ended June 30, 2020	For the three months ended June 30, 2020	For the three months ended June 30, 2020	For the three months ended June 30, 2020	For the three months ended June 30, 2020	For the three months ended June 30, 2020	For the three months ended June 30, 2020	For the three months ended June 30, 2020
Warehousing				Trading	Media		Others		Total
	$ - $ 384,062 $ 9,261 $ 9,339 - - 255,887 - 328,829 - - - - 49,660 9,664 8,617 $ 328,829 $ 433,722 $ 274,812 $ 17,956 For the six months ended June 30, 2021								$ 402,662 255,887 328,829 67,941 $ 1,055,319
Warehousing				Trading	Media		Others		Total
	$ - $ 932,875 $ 21,277 $ 18,162 - - 842,908 - 608,510 - - - - 97,295 44,423 21,326 $ 608,510 $1,030,170 $ 908,608 $ 39,488 For the six months ended June 30, 2020								$ 972,314 842,908 608,510 163,044 $ 2,586,776
Warehousing				Trading	Media		Others		Total
					$ 9,261 528,550 - 22,029 $ 559,840 December 2020
							31,
		(	$ 3,679 140,604 381,573 ( 39,213) 9,932) $ 476,711 $ 28,793 1,082 $ 29,875		(	$ 4,406 121,735 395,034 39,803) ( 7,856) $ 473,516 $ 32,912 4,527 $ 37,439		$ 2,395 42,979 266,060 ( 31,456) ( 2,111) $ 277,867 $ 17,413 8,269 $ 25,682

(a) Please refer to Note 9 for the details of accounts receivable and its impairment.

(b) The major change in the balance of contract assets and contract liabilities is the difference between the time frame in the performance obligation to be satisfied and the payment to be received. There were no significant changes.

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31. Remuneration of employees

If the Company makes a profit during the year (referring to profit before tax minus the profit before the distribution of employee compensation), then after deducting any accumulated loss, 3.5% of the balance shall be allocated as employee compensation and the amount allocated shall be used as the current year's expense. Employees’ remuneration is based on stocks or cash, subject to a special resolution of the board of directors and reporting to the regular shareholders meeting.

The company's employee compensation for the three months and the six months ended June 30, 2021 and 2020 are respectively $8,676, $1,422, $9,693, and $1,611. The estimated amounts mentioned above are calculated based on the net profit before tax, excluding the remuneration to employees, multiplied by the percentage of remuneration to employees. These remunerations were expensed under operating costs or expenses during those periods. The differences between the actual distributed amounts, as determined by the board of directors, and those recognized in the financial statements, if any, shall be accounted for as changes in accounting estimates and recognized in profit or loss in the following year. The numbers of shares to be distributed were calculated based on the closing price of the Company’s ordinary shares, one day before the date of the meeting of Board of Directors.

For the year ended December 31, 2020 and 2019, the Company estimated its employee remuneration amounting to $11,637 and $7,025, respectively. The amounts of employees’ and directors’ remuneration, as stated in the consolidated financial statements, were identical to the actual distributions amounts for the year 2020 and 2019. For further information, please refer to the Market Observation Post System.

32. Non-operating income and expenses

a. Interest income

The details of interest income of the Group were as follows:

Interest income from bank deposits Interest income from financial assets measured at amortized cost Other interest income		For the three months ended June 30 2021 2020 $ 1,381 $ 3,873 48 54 7 9 $ 1,436 $ 3,936	For the three months ended June 30 2021 2020 $ 1,381 $ 3,873 48 54 7 9 $ 1,436 $ 3,936		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021			2021 $ 2,525 98 13 $ 2,636		2020
		$ 1,381 48 7 $ 1,436					$ 8,400 194 17 $ 8,611

b. Other income

The details of other revenue of the Group were as follows:

Dividend income Rental income Other revenue		For the three months ended June 30 2021 2020 $ 1,813 $ 1,112 7,455 6,932 111,343 97,562 $ 120,611 $ 105,606	For the three months ended June 30 2021 2020 $ 1,813 $ 1,112 7,455 6,932 111,343 97,562 $ 120,611 $ 105,606		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021			2021		2020
		$ 1,813 7,455 111,343 $ 120,611		$ 3,063 15,501 119,295 $ 137,859			$ 1,112 13,658 183,387 $ 198,157

Note: Other income includes rent reductions of the Group due to the Covid-19 pandemic. For the three months and the six months ended June 30, 2021 and 2020, the amount was $102,097, $83,558, $102,097 and $167,115. Please refer to Note 25 for details.

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c. Other gains and losses

The details of other gains and losses were as follows:

Loss on disposal of property, plant, and equipment Impairment loss on right-of-use assets Loss on disposal of investments Net gain on evaluation of financial assets at fair value through profit or loss Foreign exchange gain (loss) Expected credit loss Lease modification benefits Impairment loss on non-financial assets Other (loss) income	For the three months ended June 30 2021 2020 ( $ 3,945) ($ 3,287) ( 10,595) ( 150,403) ( 4,327) ( 3,806) 42,517 31,173 3,138 ( 2,316) - - 205 170 - - ( 14,819) ( 10,585) $ 12,174 ($ 139,054)	For the six months ended June 30	For the six months ended June 30
	2021	2021	2020
	( $ 3,945) ( 10,595) ( 4,327) 42,517 3,138 - 205 - ( 14,819) $ 12,174	($ 4,738) ($ 3,395) ( 10,595 ) ( 150,403) ( 4,327 ) ( 3,724) 67,754 19,042 ( 960) ( 4,421) ( 120) - 215 170 ( 31) - ( 35,218) 24,846 $ 11,980 ($ 117,885)

d. Finance costs

The Group’s finance costs were as follows:

Interest expenses – lease liabilities Interest expenses – bank loans Finance expense		For the three months ended June 30 2021 2020 $ 45,398 $ 48,720 9,218 5,643 1,155 653 $ 55,771 $ 55,016	For the three months ended June 30 2021 2020 $ 45,398 $ 48,720 9,218 5,643 1,155 653 $ 55,771 $ 55,016		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021			2021		2020
		$ 45,398 9,218 1,155 $ 55,771			$ 92,985 16,750 1,840 $ 111,575		$ 98,604 10,811 1,290 $ 110,705

33. Financial instruments

a. Credit risk
(a) Credit risk exposure

As of June 30, 2021, December 31, 2020 and June 30, 2020, the maxinum credit exposure for the Group originates from possible non-fulfillment of obligations by counterparties and from financial losses arising from financial guarantees provided by the Company, mainly from:

‧ The carrying amount of financial assets recognized in the consolidated balance sheet; and
‧ The amount of liabilities as a result from the Group providing financial guarantees to its customers was $1,812,454, $1,120,682, and $691,500.

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(b) Concentration of credit risk

The Group caters to a large group of customers; therefore, there is no concentration of regional credit risk.

For credit risk exposure of notes and accounts receivable, please refer to Note 9.

All of these financial assets are considered to have low risk, and thus, the impairment provision recognized during the period was limited to 12 months expected losses. (Regarding how the financial instruments are considered to have low credit risk, please refer to Note IV(VII) the consolidated financial statements for the year ended December 31, 2020.)

The loss allowance provision for the six months ended June 30, 2021 and 2020 were determined as follows:

were determined as follows:
Other receivables Balance on January 1 Amounts written off Impairment losses recognized Balance on June 30	For the six months ended June 30 2021 2020 $ 1,697 $ 28,982 - ( 27,285) 120 - $ 1,817 $ 1,697
	2021 $ 1,697 - 120 $ 1,817
		$ 28,982 ( 27,285) - $ 1,697

b. Liquidity risk

The following are the contractual maturities of financial liabilities of the Group, including estimated interest payments and excluding the impact of netting agreements.

June 30, 2021 Non derivative financial liabilities Loans Short term notes and bills payable Payables (current and non-current) Guarantee deposits received Lease liabilities (current and non-current) December 31, 2020 Non-derivative financial liabilities Loans Payables (current and non-current) Guarantee deposits received Lease liabilities (current and non-current)		Carrying amount $ 1,138,204 79,916 1,384,102 4,446 6,806,795 $ 9,413,463 $ 874,806 1,127,731 4,756 7,341,785 $ 9,349,078	Contractual cash flows $ 1,188,543 80,000 1,390,010 4,446 8,690,321 $ 11,353,320 $ 914,127 1,133,384 4,756 9,310,283 $ 11,362,550	Within 1 year $ 222,475 80,000 1,335,812 - 1,283,378 $ 2,921,665 $ 257,570 1,071,850 - 1,374,452 $ 2,703,872	1-3 years $ 953,024 - 54,198 4,446 1,622,607 $ 2,634,275 $ 656,557 61,534 4,756 1,999,507 $ 2,722,354	3-5 years $ 3,337 - - - 780,411 $ 783,748 $ - - - 805,839 $ 805,839	More than 5 years
							$ 9,707 - - - 5,003,925 $ 5,013,632 $ - - - 5,130,485 $ 5,130,485

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June 30, 2020 Non-derivative financial liabilities Loans Payables Guarantee deposits received Lease liabilities (current and non-current)	Carrying amount $ 606,611 1,519,405 4,085 7,288,323 $ 9,418,424	Contractual cash flows $ 634,305 1,519,405 4,085 9,329,516 $ 11,487,311	Within 1 year $ 226,980 1,519,405 - 1,152,617 $ 2,899,002	1-3 years $ 339,058 - 4,085 2,080,587 $ 2,423,730	3-5 years $ 68,267 - - 885,853 $ 954,120	More than 5 years
						$ - - - 5,210,459 $ 5,210,459

The Group does not expect that the cash flows included in the maturity analysis could occur significantly earlier or in significantly different amounts.

c. Exchange rate risk
(a) Exposure to exchange rate risk

The Group’s financial assets and liabilities exposed to exchange rate risk were as follows:

June 30, 2021 Foreign Currency Exchange Rate TWD Financial assets USD:TWD $ 154 27.86 $ 4,302 USD:HKD 5,455 7.767 151,962 EUR:TWD 1,525 33.150 50,547 CNY:TWD 2,363 4.309 10,181 CNY:HKD 4,067 1.201 17,523 USD:CNY 42 6.466 1,178 EUR:HKD 117 9.242 3,888 Financial liabilities USD:TWD $ 6,519 27.86 $ 181,622	June 30, 2021	December 31, 2020	June 30, 2020
	Foreign Currency Exchange Rate TWD	Foreign Currency Exchange Rate TWD	Foreign Currency Exchange Rate TWD
		$ 212 28.48 $ 6,050 5,538 7.754 157,706 2,885 35.02 101,025 202 4.377 886 4,005 1.192 17,487 42 6.507 1,196 117 9.534 4,098 $ 7,071 28.48 $ 201,392	$ 4,732 29.63 $ 140,221 5,590 7.751 164,621 1,496 33.27 49,786 741 4.191 3,104 4,020 1.096 16,817 42 7.07 1,225 117 8.7026 3,895 $ - - $ -

(b) Sensitivity analysis

The Group’s exposure to exchange rate risk arises from the translation of the foreign currency exchange gains and losses on cash and cash equivalents, accounts receivable, other receivables, loans, accounts payable, and other payables that are denominated in foreign currency. If the TWD, when compared with each major foreign currency, had appreciated or depreciated 1% (with other factors remaining constant on the reporting date), net profit before tax would have respectively increased or decreased by $455, $(95), $580 and $3,797 for the three months and the six months ended June 30, 2021 and 2020, respectively. The analysis is performed on the same basis for both periods.

As the Group deals in diverse foreign currencies, gains or losses on foreign exchange are summarized as a single amount. For the three months and the six months ended June 30, 2021 and 2020, foreign currency exchange gains (losses) (including realized and unrealized) amounted to $3,138, $(2,316), $(960), and $(4,421), respectively.

d. Interest rate analysis

The interest risk exposure of the Group’s financial assets and liabilities is described in the note on market risk management.

The following sensitivity analysis is based on the exposure to interest rate risk of the

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derivative and non-derivative financial instruments on the reporting date. For variable rate instruments, the sensitivity analysis assumes the variable rate liabilities on the reporting date have been outstanding for the whole year. The Group’s internal management reported the increases/decreases in interest rates, and changes in interest rates of one basis point are considered by management to be reasonably possible.

If the interest rate had increased or decreased by 1% and assuming all other variable factors remained constant, the Group’s net profit after tax would have respectively increased or decreased by $(4,147), $(229), $(1,946), and $7,686 for the three months and the six months ended June 30, 2021 and 2020. This is mainly due to the Group’s variable rate deposit and borrowing.

e. Other market price risk

Sensitivity analyses for the changes in the securities price at the reporting date were performed using the same basis for the profit and loss as illustrated below:

Price of securities at reporting date Increasing 3% Decreasing 3%	For the six months ended June 30, 2021 Other comprehensive income after tax Net income $ 225 $ 11,221 ($ 225) ($ 11,221)	For the six months ended June 30, 2020	For the six months ended June 30, 2020
	Other comprehensive income after tax $ 225 ($ 225)	Other comprehensive income after tax $ 393 ($ 393) (	Net income
			$ 4,214 $ 4,214)

f. Fair value of financial instruments
(a) Fair value hierarchy

The carrying amount and fair value of the Group’s financial assets and liabilities, including the information on fair value hierarchy were as follows; however, except as described in the following paragraphs, for financial instruments not measured at fair value whose carrying amount is reasonably close to the fair value, and for equity investments that has no quoted prices in the active markets and whose fair value cannot be reliably measured, disclosure of fair value information is not required:

				Fair value	Fair value
June 30, 2021	Book Value		Level 1	Level 2	Level 3	Total
Financial assets at fair value through
profit or loss
Non-derivative financial assets
mandatorily measured at fair value
through profit or loss	$	374,023	$ 374,023 $	- $	- $ 374,023
Financial assets at fair value through
other comprehensive income		7,510	-	-	7,510	7,510
Financial assets measured at amortised
cost
Cash and cash equivalents		2,095,823
Notes and accounts receivable
(including related parties)		476,711
Other receivables (including related
parties)		176,123
Other current financial assets		31,845
Refundable deposits		573,393
Other non-current financial assets		37,921
Financial liabilities measured at amortised	cost
Short-term borrowings		31,347
Short term borrowings bills payable		79,916

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June 30, 2021 Book Value	Fair value
	Level 1 Level 2 Level 3 Total
Notes and accounts payable(including related parties) $ 333,993 Other payables(including related parties) 849,419 Long-term borrowings (including current portion of long-term borrowings) 1,106,857 Lease liabilities (current and non-current) 6,806,795 Long-term notes and accounts payable (including current portion of long-term notes and accounts payable) 200,690 Guarantee deposits received 4,446 Fairvalue December 31, 2020 Book Value Level 1 Level 2 Level 3 Total
	Level 1 Level 2 Level 3 Total
Financial assets at fair value through profit or loss Non-derivative financial assets mandatorily measured at fair value through profit or loss $ 381,611 Financial assets at fair value through other comprehensive income 8,104 Financial assets measured at amortised cost Cash and cash equivalents 1,855,653 Notes and accounts receivable (including related parties) 473,516 Other receivables (including related parties) 101,008 Other current financial assets 43,934 Refundable deposits 562,689 Other non-current financial assets 33,760 Financial liabilities measured at amortised cost Short-term borrowings 62,295 Notes and accounts payable(including related parties) 310,892 Other payables(including related parties) 639,949 Long-term borrowings (including current portion of long-term borrowings) 812,511 Lease liabilities (current and non-current) 7,341,785 Long-term notes and accounts payable (including current portion of long-term notes and accounts payable) 176,890 Guarantee deposits received 4,756 June 30, 2020 Book Value	$381,611$ - $ - $381,611 594 - 7,510 8,104 Fair value
	Level 1 Level 2 Level 3 Total
Financial assets at fair value through profit or loss Non-derivative financial assets mandatorily measured at fair value through profit or loss $ 140,460 Financial assets at fair value through other comprehensive income 13,111 Financial assets measured at amortised cost Cash and cash equivalents 2,109,048	$ 140,460 $ - $ - $ 140,460 586 - 12,525 13,111

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June 30, 2020
Book Value

Fair value

Level 1
Level 2
Level 3
Total

Notes and accounts receivable
(including related parties)
$ 277,867
Other receivables (including related
parties)
210,697
Other current financial assets
95,156
Refundable deposits
560,252
Other non-current financial assets
750
Financial liabilities measured at amortised
cost
Short-term borrowings
120,000
Notes and accounts payable
319,054
Other payables
1,200,351
Long-term borrowings (including
current portion of long-term
borrowings)
486,611
Lease liabilities (current and
non-current)
7,288,323
Guarantee deposits received
4,085

(b) Valuation techniques for financial instruments not measured at fair value

The Group’s valuation techniques and assumptions used for financial instruments not measured at fair value are as follows:

(b-1) Financial assets measured at amortized cost and financial liabilities measured at amortized cost

If the quoted prices in active markets are available, the market price is established as the fair value. However, if quoted prices in active markets are not available, the estimated valuation or prices used by competitors are adopted. If there is quoted price generated by transactions, the recent transaction price and quoted price data is used as the basis for fair value measurement. However, if no quoted price are available, estimates shall be used. The estimates and assumptions used in the evaluation method shall be the discounted value of cash flows to estimate the fair value.

(c-1) Non-derivative financial instruments

If there is a quoted market price in an active market for a financial instrument, the fair value is based on the quoted market price in an active market. The fair value of listed (over-the-counter) equity instruments and debt instruments with quoted prices in active markets are based on quoted market prices on major exchanges and over-the-counter (OTC) central government bond marketplaces, which are judged to be popular securities.

A financial instrument is publicly quoted in an active market if quoted prices are readily and consistently available from exchanges, brokers, underwriters, industry associations, pricing services authorities, or regulatory authorities, and if those prices represent prices that are representative of actual and regularly occurring fair market activity. If the above conditions are not met, the market is considered inactive. In general, large bid-ask spreads, significant increases in bid-ask spreads, or low trading volume are indicators of an inactive market.

The fair values of the Group’s financial assets and liabilities, such as shares, funds and bonds of listed companies, with standard terms and

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conditions and traded in active markets, are determined by reference to quoted market prices, respectively.

Except for the above-mentioned financial instruments for which there is an active market, the fair values of other financial instruments are based on valuation techniques or quoted prices with reference to counterparties.

(c-2) Derivative financial instruments

Derivative financial instruments are valued based on widely accepted valuation models, such as discounted and option pricing models. Structured interest rate derivative financial instruments are valued using an appropriate option pricing model (e.g., Black-Scholes model) or other valuation techniques, such as Monte Carlo simulation.

(d) Transfers between Level 1 and Level 2

There was no transfer between Level 1 and Level 2 for the six months ended June 30, 2021 and 2020.

(e) Reconciliation of Level 3 fair values
There was no fair value through other comprehensive income recognized for the six months ended June 30, 2021 and 2020.
(f) Quantified information on significant unobservable inputs (Level 3) used in fair value measurement

The Group’s financial instruments that use Level 3 inputs to measure fair value are “Financial assets at fair value through other comprehensive income.”

Quantified information of significant unobservable inputs was as follows:

Item Financial assets at fair value through other comprehensive income equity investments without an active market Financial assets at fair value through other comprehensive income equity investments without an active market	Valuation technique Market comparable companies Net Asset Value Method	Significant unobservable inputs Interrelationship between significant unobservable inputs and fair value measurement •Price to book ratio multiple (3.73, 1.58 and 1.09 as of June 30, 2021, December 31, 2020 and June 30, 2020, respectively) •Discount for lack of marketability (20%) •The higher the multiple, the higher the fair value •The higher the discount, the lower the fair value •Net Asset Value •Not applicable	Interrelationship between significant unobservable inputs and fair value measurement

(g) Fair value measurements in Level 3 – sensitivity analysis of reasonably possible alternative assumptions

The Group’s fair value measurement of financial instruments is reasonable, but using different evaluation models or evaluation parameters may result in different evaluation results. For fair value measurements in Level 3, changing one or more of the assumptions to reflect reasonably possible alternative assumptions would have the following effects:

～ 46 ～

June 30, 2021	Other comprehensive income	Other comprehensive income
	Favourable	Unfavourable
	$ 339 339 $ 133 133 $ 81 81	$ (339) (339) $ (133) (133) $ (81) (81)
Financial assets at fair value through other comprehensive income Equity investments without an active market Equity investments without an active market December 31, 2020
Financial assets at fair value through other comprehensive income Equity investments without an active market Equity investments without an active market June 30, 2020
Financial assets at fair value through other comprehensive income Equity investments without an active market Equity investments without an active market

The favorable and unfavorable effects represent the changes in fair value, and fair value is based on a variety of unobservable inputs calculated using a valuation technique. The analysis above only reflects the effects of changes in a single input, and it does not include the interrelationships with another input.

34. Financial risk management

There were no significant changes in the Group’s financial risk management objectives and policies as disclosed in Note VI(XXX) of the consolidated financial statements for the year ended December 31, 2020.

3 5. Capital management

Management believes that the objectives, policies and processes of capital management of the Group has been applied consistently with those described in the consolidated financial statements for the year ended December 31, 2020. Also, management believes that there were no significant changes in the Group's capital management information as disclosed for the year ended December 31, 2020. Please refer to Note VI(XXXI) of the consolidated financial statements for the year ended December 31, 2020 for further details.

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36. Investing and financing activities not affecting current cash flow

The Group’s investing activities which did not affect the current cash flow for the six months ended June 30, 2021 and 2020, were as follows:

Acquisition of property, plant and equipment Add: Other payables January 1 Notes payable January 1 Less: Interest and depreciation capitalization Notes payable June 30 Other payables June 30 Cash paid in this period Acquisition of intangible assets Add: Notes payable January 1 Other payables January 1 Less: Notes payable June 30 Other payables June 30 Cash paid in this period	For the six months ended June 31	For the six months ended June 31
	2021 $ 100,618 36,489 2,752 ( 23,270) ( 5,917) ( 27,553) $ 83,119 $ 1,796 178 14 ( 299) - $ 1,689	2020
		$ 268,188 23,448 - ( 10,275) ( 108,537) ( 27,457) $ 145,367 $ 7,111 - 2,711 ( 963) ( 332) $ 8,527

The Group’s financing activities which did not affect the current cash flow for the six months ended Juen 30, 2021 and 2020, were as follows:

Long-term borrowings Short term borrowings Short term borrowings bills payable Total Long-term borrowings	January 1, 2021 $ 812,511 62,295 - $ 874,806 January 1, 2020	Cash flows	Cash flows	Cash flows	Cash flows
			Loss of control		Discount
		$ ( $

37. Related party transactions

(a) Names and relationship with related parties

The followings are entities that have had transactions with related party during the period covered in the consolidated financial statements:

Name of related party Eastern Home Shopping & Leisure Co., Ltd. (EHS) Dongsen D'Amour SPA Natural Beauty Bio-Technology Co., Ltd. (Natural Beauty) Natural Beauty Bio-Technology Limited	Relationship with the Group
	An associate An associate An associate An associate

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Name of related party Relationship with the Group Eastern New Retail Department (EIM) Co., Ltd. (ET New Retail Department) An associate Dongsen Personal Insurance Agent Co., Ltd. Key management personnel Mori International Co., Ltd. Key management personnel Taiwan Gift Card Co. Ltd. Other related parties Enlighten Innovative Transformation Co., Ltd Other related parties Dongsen Non-life Insurance Agent Co. Ltd. (Dongsen Non-life Other related parties Insurance) Dongsen Health Biomedical Co., Ltd. (Dongsen Health Other related parties Biomedical) Eastern Realty Co., Ltd. Other related parties Good pay Web Financial Technology Co., Ltd. (Good pay) Other related parties (Note 1) Eastern E-Commerce Co., Ltd. (Eastern E-Commerce) Other related parties Quantum Entertainment Production Co., Ltd. (Quantum Entertainment) Other related parties Chinese Non-Store Retailer Association (Non-Store) Other related parties Xing Kai Media Co., Ltd. (Xing Kai Media) Other related parties EIP TV Co., Ltd. (EIP) Other related parties Taiwan Information and Communication Association Other related parties Chunghwa New Media Industry Development Association Other related parties (Chunghwa New Media) Dongsen Culture Foundation (Dongsen Culture) Other related parties Inforcharge Co., Ltd. (Inforcharge) Other related parties Fangcheng Su Other related parties Taiwan Huangjue Trading Co., Ltd. (Huangjue) Other related parties All Directors, Supervisors and the Group Key management personnel general manager and vice personnel general

Note 1: Since May 28, 2021, due to the loss of control over MWT, it was not a related party.

b. Significant transactions with related parties
(a) Sales of goods and services

The amounts of significant sales transactions between the Group and related parties were as follows:

were as follows:
Associates Key management personnel Other related parties	For the three months ended June 30		For the six months ended June 30
	2021	2020 $ 11,743 459 279 $ 12,481	2021	2020 $ 20,817 1,059 6,371 $ 28,247
	$ 10,741 382 14,780 $ 25,903		$ 23,075 684 32,660 $ 56,419

The above revenues consist of program production revenue and project planning service revenue.

Transaction terms for the above are the same as those for ordinary transactions.

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(b) Purchase of goods

(b-1) The amounts of significant purchase transactions between the Group and related parties were as follows:

Associates Other related parties		For the three months ended June 30	For the three months ended June 30	For the three months ended June 30		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021		2020		2021		2020
		$ 10,757 16,718 $ 27,475		$ 3,885 13,642 $ 17,527		$ 19,247 33,622 $ 52,869		$ 5,451 25,865 $ 31,316

(b-2) The amount of programs production and other between the Group and related parties were as follows:

Associates Key management personnel Other related parties		For the three months ended June 30	For the three months ended June 30		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021	2020		2021		2020 $ 133 24 14,418 $ 14,575
		$ 504 23 16,944 $ 17,471	$ 45 ( 33) 6,028 $ 6,040		$ 1,090 30 40,103 $ 41,223

Transaction terms for the above are the same as those for ordinary transactions.

Accounts	Related parties EIP Associates EHS Key management personnel Other related parties Eastern E-Commerce Key management personnel Other related parties Eastern E-Commerce Fangcheng Su Associates Natural Beauty Natural Beauty Bio-Technology Limited EHS	June 30, 2021 $ 76,564 2,434 5,810 252 4,938 19,103 - 6 59 - - 701 6,471 1,136 $ 117,474	December 31, 2020 $ 54,568 1,211 13,802 315 1,532 5,713 26 156 1,734 - 47 1,547 - 3,882 $ 84,533	$	June 30, 2020
Notes receivable Accounts receivable Accounts receivable Accounts receivable Accounts receivable Accounts receivable Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables					- 144 4,411 167 2,232 218 - 21 7 16,235 - 234 - 447 24,116
				$

The Group took installment sale with EIP and collecting installment notes receivable at an annual interest rate of 4.5% plus interest. In addition, the interest

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received by the Group was $845, $0, $1417 and $0 for the three months and the six months ended June 30, 2021 and 2020, respectively.

(d) Payables

Accounts Accounts payable Accounts payable Accounts payable Accounts payable Accounts payable Other payables Other payables Other payables Other payables Other payables Other payables	Related parties EHS Quantum Entertainment Huangjue Other related parties Inforcharge Key management personnel Other related parties EIP Xing Kai Media EHS Associates	June 30, 2021		December 31, 2020 $ 4,084 1,977 5,148 1 273 140 306 6,377 2,756 7,049 32 $ 28,143		June 30, 2020
		$ 5,279 - 1,270 - 3,142 160 1,040 2,612 - 1,420 6 $ 14,929				$ 1,356 - 5,610 232 - 62 824 2,875 - 1,724 - $ 12,683

(e) Prepayments, advance receipts and contract liabilities

Details of prepayments, advance receipts and contract liabilities from related parties to the Group were as follows:

Related parties	June 30, 2021	December 31, 2020	June 30, 2020
Other related parties Associates Quantum Entertainment Other related parties Associates	$ 4,767 186 $ 4,953 $ 4,114 1,500 - $ 5,614	$ 140 15 $ 155 $ 4,114 - 16 $ 4,130	$ - -
			$ -
			$ - - 579 $ 579

(f) Borrowings from related parties

The amount of borrowing from related parties by the Group were as follows:

EHS	June 30, 2021 $ 300,000	December 31, 2020 $ -	June 30, 2020
			$ 180,000

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Interest expenses:

Fangcheng Su EHS		For the three months ended June 30	For the three months ended June 30	For the three months ended June 30		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021		2020 $ 800 1,795 $ 2,595		2021		2020 $ 1,582 3,099 $ 4,681
		$ - 1,545 $ 1,545				$ - 2,044 $ 2,044

Interest which results from the unsecured borrowings by the Group from related parties would be calculated based on the average rates in the current year obtained from financial institutions. As of June 30, 2021, December 31, 2020 and June 30, 2020, the Group’ s interest payable amounted to $22 $0 and $20, respectively.

(g) Endorsement / Guarantee provided

For the three months and the six months ended June 30, 2021 and 2020, the remuneration paid to related parties for providing guarantees on the loans taken out by the Group was amounted to $141, $61, $203 and $86, respectively.

(h) Leases
(h-1)The Group rents out part of its office space and equipment to fulfill related parties’ business requirements. The rental revenues for the three months and the six months ended June 30, 2021 and 2020 were amounted to $89, $94, $183 and $179, respectively.
(h-2) As the Group applied on the remission of short-term lease contract of IFRS 16, the rental expenses for the three months and the six months ended June 30, 2021 and 2020 were amounted to $517, $7, $1,027 and $119, respectively.
(i) Acqusition of intangiable assets

Related parites Associates		For the three months ended June 30	For the three months ended June 30	For the three months ended June 30		For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
		2021		2020 $ -		2021		2020 $ -
		$ 222				$ 502

(j) Other
(j-1) For the three months and the six months ended June 30, 2021 and 2020, the Group paid operating fees to associates, key management (juridical person director), and other related parties to fulfill its business requirements were amounted to $955, $1,733, $2,373 and $7,957, respectively.
(j-2) In order to follow its operating plan, the Group donated $0, $0, $2,000 and $3,000 to related parties in related industries for the three months and the six months ended June 30, 2021 and 2020, respectively.
(j-3) For the three months and the six months ended June 30, 2021 and 2020, the Group received non-operating revenue from related parties amounted to $3,063, $1,784, $3,212 and $2,004, respectively.
(j-4) In January 2020, the Group sold the shares of Eastern Biotechnology (Shanghai) to EHS at the amount of $764 (CNY $200) and recognized gain on disposal of $82, the transaction price has been fully received.
(j-5) In May 2021, the Group sold the shares of MWT at the net price $35,294 and recognized loss on disposal of the investment amounted to $4,327.

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c. Key management personnel compensation

For the three months ended June 30 2021 2020 Short-term employee benefits $ 16,574 $ 20,478 Pledged assets Pledged assets of the Group were as follows: Assets Purpose of pledge June 30, 2021 Property, plant and equipment Short-term and long- term loans $ 909,235 Investments accounted for using equity method Long- term loans 154,843 Other current financial assets-demand deposits Reserve and its interest 11,234 `〃` Letter of credit 13,807 `〃` Security for issuance of travel vouchers at travel fair 4,379 Refundable deposits Bid bonds, performance bonds and security deposits 500,193 Other non-current financial assets`－` reserve account Deposit in long-term loan 37,921 Investments accounted for using equity method for subsidiary's stocks (Note) Long-term loan - $ 1,631,612	For the three months ended June 30	For the three months ended June 30	For the three months ended June 30	For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
	2021	2020 $ 20,478 June 30, 2021		2021		2020 33,280 June 30, 2020
				$ 30,920 December 31, 2020	$

Short-term and long- term loans Long- term loans Reserve and its interest Letter of credit Security for issuance of travel vouchers at travel fair Bid bonds, performance bonds and security deposits Deposit in long-term loan Long-term loan			$ 909,235 154,843 11,234 13,807 4,379 500,193 37,921 - $ 1,631,612	$ 937,374 - 14,169 14,503 12,984 491,006 33,760 28,133 $ 1,531,929		$ 874,291 - 83,099 4,919 6,728 511,292 750 55,548 $ 1,536,627

Note: The investments accounted for using equity method for subsidiary’s stocks have been written off in the preparation of consolidated financial statement.

39. Significant commitments and contingencies

a. Major commitments were as follows:
(a) Unused standby letters of credit:

Unused standby letters of credit	June 30, 2021 $ 52,629	December 31, 2020 $ 101,604	June 30, 2020
			$ 49,489

(b) The subsidiary-EIC had signed a contract with Sunny Bank Co., Ltd., and the bank provided guarantee with sufficient performance guarantee according to the contract. As of June 30, 2021, the unused e-voucher guaranteed by the bank was $4,379.
b. Contingent liabilities were as follows:
(a)On October 27, 2008, the Securities and Futures Investors Protection Center (the SFIPC) filed a lawsuit to the Taipei District Court against the ex-chairman and the general manager of the Company, together with all the previous directors and supervisors, alleging the offense of gaining an illegal benefit for Chia Hsin and Synthetic Fiber Co.,

～ 53 ～

Ltd. as well as for the family members of the ex-chairman. The prosecution is based on the alleged ill-gotten assets from the Company by means of false commodity transactions and capital increment in the name of Eastern International Lease Finance Co., Ltd. and Tung Kai Lease Finance Co., Ltd. (both are subsidiaries of the Company). The SFIPC also demanded the compensation of $41,038. The Taipei District Court ruled that the Company violated the Commercial Company Act. However, both the ex-chairman and the general manager were acquitted, and not only did the Company did not bear any losses from the said transaction above, but on the contrary, it gained a profit amounting to $6,894, plus an additional 5% interest arising from the delayed payment amounting to $6,884 with a total amount around $13,000. In other words, the transaction did not do any damage to the Company and its shareholders. As a result, the appeal filed against the Company was denied by the Taipei District Court on December 5, 2012. However, the SFIPC was not satisfied with the decision made by the court. Therefore, it filed another appeal, this time with the Taiwan High Court, demanding compensation amounting to $22,664. The appeal was denied on December 3, 2013. Nevertheless, the SFIPC filed an appeal once more with the Taiwan High Court on December 24, 2013. The case was transferred from the Supreme Court to the High Court on April 23, 2015, for further investigation. On May 10, 2017, the Taiwan High Court ruled against SFIPC. Therefore, SFIPC filed an appeal to the Supreme Court on June 6, 2017. On February 23, 2021, the Taiwan High Court still ruled against SFIPC. However, SFIPC filed an appeal and the Supreme Court retimed to the High Court for a second trial. Currently, the arbitration process is still in progress and the results have yet to be determined.

(b) The Company and its subsidiary, FESS Panama, jointly chartered and returned the ship to South Korea’s Sammok Shipping Co., Ltd. (hereinafter referred to as Sammok) at Kaohsiung Port in accordance with the contract signed on August 10, 2018. Sammok believed that the ship still has many defects due to its usual operation and negligence of maintenance; hence, submitted arbitration to the London Maritime Arbitration Association. The Company also filed a statement of defense to the arbitral tribunal in July 2019. Currently, the arbitration process is still in progress and the results have yet to be determined.
(c) The Company established a legal affair department and hired external counselors to handle its legal affairs. As of June 30, 2021, December 31, 2020 and June 30, 2020, all unsettled lawsuits had no impact on its financial and business operation.
c. Unrecognized contractual commitments:

The Group’s unrecognized contractual commitments are as follows:

Total contract price Payout amount		June 30 2021 $ 617,867 $ 211,900	December 31, 2020 $ 712,178 $ 237,869		June 30, 2020
					$ 626,673 $ 179,743

40. Losses Due to Major Disasters: None.

41. Subsequent Events:

a. The capital reduction and the appropriations of 2020, excepting cash dividends, were resolved in the shareholders’ meeting on July 7, 2021. For the details please refer to Note 28.
b. The subsidiary-EHR would appoint Formosa international hotels corporation to manage resorts in Yilan. This proposal was resolved by the company’s board of directors on July 30, 2021. The contract duration would last from Agust 17, 2021 to Agust 16, 2036.

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42. Other

a. A summary of current period employee benefits, depreciation, and amortization, by function, is as follows:

By function By nature	For the three months ended June 30	For the three months ended June 30	For the three months ended June 30	For the three months ended June 30	For the three months ended June 30	For the three months ended June 30
	2021			2020
	Operating cost	Operating expense	Total	Operating cost	Operating expense	Total
Employee benefits
Salary	$ 149,875	$183,816	$ 333,691	$ 126,452	$164,244	$290,696
Health and labor insurance	13,304	14,847	28,151	12,328	12,787	25,115
Pension	6,640	7,302	13,942	6,478	6,912	13,390
Others	2,212	2,830	5,042	9,843	16,286	26,129
Depreciation expense	243,976	84,098	328,074	227,993	77,215	305,208
Amortizationexpense	3,717	5,867	9,584	3,027	7,193	10,220

By function By nature	For the six months ended June 30	For the six months ended June 30	For the six months ended June 30	For the six months ended June 30	For the six months ended June 30	For the six months ended June 30
	2021			2020
	Operating cost	Operating expense	Total	Operating cost	Operating expense	Total
Employee benefits
Salary	$ 296,829	$ 355,101	$ 651,930	$ 248,180	$ 310,654	$ 558,834
Health and labor insurance	28,801	31,385	60,186	25,504	25,704	51,208
Pension	13,301	14,678	27,979	12,945	13,525	26,470
Others	3,989	5,431	9,420	19,712	34,078	53,790
Depreciation expense	486,657	166,999	653,656	454,047	153,812	607,859
Amortization expense	7,419	11,221	18,640	5,936	14,734	20,670

b. Seasonality of operation:

The Group's operations were not affected by seasonal fluctuations.

43. Other disclosures

a. Information on significant transactions:

The following is the information on significant transactions required by the Regulations Governing the Preparation of Financial Reports by Securities Issuers for the Group for the six months ended June 30, 2021.

(a) Please refer to Table 1 for the loans to other parties.
(b) Please refer to Table 2 for the guarantees and endorsements for other parties.
(c) Please refer to Table 3 for the securities held as of June 30, 2021 (excluding investment in subsidiaries, associates and joint ventures).
(d) The individual securities acquired or disposed of at costs or prices of at least $300 million or 20% of the paid-in capital: None.
(e) Acquisition of individual real estate at costs of at least $300 million or 20% of the paid-in capital: None.
(f) Disposal of individual real estate at prices of at least $300 million or 20% of the paid-in capital: None.
(g) Total purchases from or sales to related parties of at least $100 million or 20% of the paid-in capital: None.
(h) Please refer to Table 4 for the receivables from related parties of at least $100 million or 20% of the paid-in capital.
(i) Trading in derivative instruments: None.

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(j) Please refer to Table 5 for the business relationships and significant intercompany transactions.
b. Information on investees
Please refer to Table 6 for the information on investees for the six months ended June 30, 2021.
c. Information on investment in Mainland China
(a) Please refer to Table 7 for the relevant information such as the name and main business items of the investee company in Mainland China.
(b) Please refer to Table 7 for the limitation on investment in Mainland China
(c) Please refer to Table 7 for the significant transactions with investee companies in Mainland China.
d. Major shareholders

Please refer to Table 8 for the major shareholders for the six months ended June 30, 2021.

44. Segment information

The Group’s operating segment information and reconciliation are as follows:

For the three months ended June 30, 2021 Revenue: Revenue from external customers Reportable segment profit or loss before tax For the three months ended June 30, 2020 Revenue: Revenue from external customers Reportable segment profit or loss before tax For the six months ended June 30, 2021 Revenue: Revenue from external customers Reportable segment profit or loss before tax For the six months ended June 30, 2020 Revenue: Revenue from external customers Reportable segment profit or loss before tax		Warehousing $ 373,505 $ 129,311 $ 328,829 $ 145,722 $ 608,510 $ 153,654 $ 645,474 $ 295,139	Trading $ 504,170 $ 100,828 $ 433,722 $ 56,029 $ 1,030,170 $ 200,810 $ 880,899 $ 141,756	Media $ 457,879 $ 8,285 $ 274,812 ($ 198,256) $ 908,608 ($ 74,034) $ 559,840 ($ 249,999)	Tourism $ - ($ 22,937) $ - ($ 23,629) $ - ($ 45,848) $ - ($ 47,018)	Others $ 7,745 $ 23,553 $ 17,956 ($ 29,405) $ 39,488 $ 29,932 $ 34,159 ($ 108,672)	Total
							$ 1,343,299 $ 239,040 $ 1,055,319 ($ 49,539) $ 2,586,776 $ 264,514 $ 2,120,372 $ 31,206

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Loans to other parties For the six months ended June 30, 2021 (Experssed in Thousands of New Taiwan Dollars, Except for the Noted Items)

Table 1

able	1
No.	Name of lender	Name of borrower	Account name	Related party	Highest balance of financing to other parties during theperiod	Ending balance	Actual usage amount during the period	Range of interest rates during the period %	Purposes of fund financing for the borrower (Note 1)	Transaction amount for business between twoparties	Reasons for short-term financing	Allowance for bad debt	Collateral		Individual funding loan limits	Maximum limit of fund financing
													Item	Value
0 0 0 0 1 2 2 3 4 5 6 7	The Company `〃` `〃` `〃` EIC TKLF `〃` EILF Grand Richness (Hong Kong) GRAND SCENE TRADING (HONG KONG) Eastern Media Communicat ion (Hong Kong) FESS- Panama	ET New Media EHR MWT ET Pet ET New Media ET New Media Sunflower leisure ET New Media The Company The Company The Company The Company	Other receivables - related parties `〃` Other receivables Other receivables - related parties `〃` `〃` Other receivables Other receivables - related parties `〃` `〃` `〃` `〃`	Yes Yes No Yes Yes Yes No Yes Yes Yes Yes Yes	$ 300,000 400,000 50,000 100,000 300,000 150,000 30,000 150,000 57,392 53,491 41,511 44,576	$ 300,000 400,000 - 100,000 300,000 150,000 30,000 150,000 57,392 53,491 41,511 44,576	$ 300,000 - - 80,000 200,000 150,000 30,000 150,000 54,727 53,491 41,511 31,892	3 3 4 3 3 3 8 3 1 1 1 1	2 2 2 2 2 2 2 2 2 2 2 2	- - - - - - - - - - - -	Operation requirements `〃` `〃` `〃` `〃` `〃` `〃` `〃` `〃` `〃` `〃` `〃`	- - - - - - - - - - - -	Tucheng land mortgage	$ - - - - - - 38,108 - - - - -	$2,441,025 (Note 2) 2,441,025 (Note 2) 305,128 (Note 2) 2,441,025 (Note 2) 360,543 (Note 3) 276,179 (Note 4) 34,522 (Note 4) 253,746 (Note 5) 61,687 (Note 6) 76,661 (Note 7) 47,402 (Note 8) 1,945,357 (Note 9)	$3,661,538 (Note 2) 3,661,538 (Note 2) 3,661,538 (Note 10) 3,661,538 (Note 2) 540,814 (Note 3) 414,268 (Note 4) 414,268 (Note 4) 380,618 (Note 5) 123,374 (Note 6) 153,322 (Note 7) 94,804 (Note 8) 3,890,715 (Note 9)

Note 1: Lending of capital has the following two types:

(1) Those with business dealings.
(2) The necessity for short-term financing.

Note 2: The Company’s total amount available for lending shall not exceed 60% of its net worth. For subsidiaries where the Company holds more than 50% of the shares, the individual amount available for lending shall not exceed 40% of its net worth in the most recent financial statements. For subsidiaries where the Company holds less than 50% of the shares, the individual amount available for lending shall not exceed 5% of its net worth in the most recent financial statements.

Note 3: For EIC, the aggregate amount available for lending shall not exceed 60% of its net worth in the most recent financial statements. The individual amount available for lending to its parent company, subsidiaries or to its parent company’s subsidiary company shall not exceed 40% of its net worth in the most recent financial statements.

Note 4: For TKLF, the aggregate amount available for lending shall not exceed 60% of its net worth in the most recent financial statements. The individual amount available for lending to its parent company or to its parent company’s subsidiary company shall not exceed 40% of its net worth in the most recent financial statements. The individual amount available for lending shall not exceed 5% of its net worth in the most recent financial statements.

Note 5: For EILF, the aggregate amount available for lending shall not exceed 60% of its net worth in the most recent financial statements. The individual amount available for lending to its parent company or to its parent company’s subsidiary company shall not exceed 40% of its net worth in the most recent financial statements. The individual amount available for lending to other companies short-term financing facility, if necessary, shall not exceed 5% of its net worth in the most recent financial statements.

Note 6: For Grand Richness (Hong Kong), the aggregate amount available for lending shall not exceed 200% of its net worth in the most recent financial statements. The individual amount available for lending to its parent company shall not exceed 100% of its net worth in the most recent financial statements.

Note 7: For GRAND SCENE TRADING (HONG KONG), the aggregate amount available for lending shall not exceed 200% of its net worth in the most recent financial statements. The individual amount available for lending to its parent company shall not exceed 100% of its net worth in the most recent financial statements.

Note 8: For Eastern Media Communication (Hong Kong), the aggregate amount available for lending shall not exceed 200% of its net worth in the most recent financial statements. The individual amount available for lending to its parent company shall not exceed 100% of its net worth in the most recent financial statements.

Note 9: For FESS-Panama, the aggregate amount available for lending shall not exceed 200% of its net worth in the most recent financial statements. The individual amount available for lending to its parent company shall not exceed 100% of its net worth in the most recent financial statements.

Note 10: Since MTW was not the subidiay of the Group on May 28, 2021, the individual amount available for lending shall follow the limits of subsidiaries where the Company holds less than 50% of the shares. Note 11: The aforementioned intercompany transactions have been eliminated in the consolidated financial statements.

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Guarantees and endorsements for other parties For the six months ended June 30, 2021 (Experssed in Thousands of New Taiwan Dollars, Except for the Noted Items) Table 2

No.	Name of guarantor	Counter party of guarantee and endorsement	Counter party of guarantee and endorsement	Limitation on amount of guarantees and endorsements for a specific enterprise	Highest balance for guarantees and endorsements during the period	Balance of guarantees and endorsements as of reporting date	Actual usage amount during the period	Property pledged for guarantees and endorsements (Amount)	Ratio of accumulated amounts of guarantees and endorsements to net worth of the latest financial statements	Maximum amount for guarantees and endorsements	Parent company endorsements / guarantees to third parties on behalf of subsidiary	Subsidiary endorsements / guarantees to third parties on behalf of parent company	Endorsements/ guarantees to third parties on behalf of companies in Mainland China
		Name	Relationship with the Company (Note I)
0 0 0 0 0 0 0 0 0 0 1 2 3	The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company ET New Media ET Pet EIC	ET New Media EHR Eastern Asset Kaou Sin Trading Pet Kingdom Oscar MWT ET Pet TKLF EILF ET Pet ET New Media ET Pet	2 2 2 2 2 2 1 2 2 2 2 3 4	$ 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) - (Note 6) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 6,815,991 (Note 3) 3,294,665 (Note 4) 610,256 (Note 5)	$ 227,532 800,000 5,875,000 5,000 15,000 170,000 30,000 1,509,063 50,000 50,000 400,000 400,000 220,000	$ 227,532 800,000 5,875,000 5,000 15,000 170,000 - 1,509,063 50,000 50,000 400,000 400,000 220,000	$ 97,500 756,000 - 5,000 11,500 140,000 - 490,164 - - - 300,000 12,290	$ - - - - - - - 120,645 - - - - 34,198	3.73% 13.11% 96.27% 0.08% 0.25% 2.79% - % 24.73% 0.82% 0.82% ( 61.98%) 557.55% 24.41%	$ 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 24,410,253 (Note 2) 6,815,991 (Note 3) 3,294,665 (Note 4) 610,256 (Note 5)	Y Y Y Y Y Y N Y Y Y N N N	N N N N N N N N N N N N N	N N N N N N N N N N N N N

Note 1: The relationship between the one providing endorsements/guarantees and the one receiving endorsements/guarantees is classified into seven types:
(1) The intercompany business transaction
(2) Companies in which the Company directly and indirectly holds more than 50% of the voting rights.
(3) Companies that directly and indirectly hold more than 50% of the voting shares of the Company.
(4) The Company holds, directly or indirectly, 90% or more of the voting shares of the Company.
(5) Company that is mutually protected under contractual requirements based on the needs of the contractor.
(6) Company that is endorsed by its shareholders in accordance with its shareholding ratio because of the joint investment relationship.

(7) Performance guarantees for pre-sale contracts under the Consumer Protection Act.

Note 2: The Company’s aggregate amount allows endorsement or guarantee that does not exceed 400% of its net worth in the most recent financial statements. The individual amount allows endorsement or guarantee to subsidiaries where the Group holds more than 50% of the shares that does not exceed 400% of its net worth in the most recent financial statements.
Note 3: For ET New Media, the aggregate amount allows an endorsement or guarantee that does not exceed 300% of its total assets in the most recent financial statements. The individual amount allows endorsement or guarantee to subsidiaries where the Group holds more than 50% of the shares that does not exceed 300% of its total assets in the most recent financial statements.
Note 4: For ET Pet, the aggregate amount allows an endorsement or guarantee that does not exceed 300% of its total assets in the most recent financial statements. The individual amount allows endorsement or guarantee to subsidiaries where the Group holds more than 50% of the shares that does not exceed 300% of its total assets in the most recent financial statements.
Note 5: For EIC, the aggregate amount allows an endorsement or guarantee that does not exceed 500% of its total assets in the most recent financial statements. The individual amount allows endorsement or guarantee to subsidiaries where the Company, hokding more than 90% of shares of EIC, holds more than 90% of the shares that does not exceed 500% of its total assets or 10% of the Company’s net woth in the most recent financial statements. The limit on endorsement or guarantee was determined by 500% of EIC’s total assets of 10% of the Company’s net worth whichover is lower.
Note 6: Since MWT was not the subsidiary of the Group on May 28, 2021, the amount of guarantees and endorsements was cancelled.

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Securities held

June 30, 2021

(Experssed in Thousands of New Taiwan Dollars, Except for the Noted Items) Table 3

Table 3
Name of holder	Category and name of security	Relationship with company	Account title	Ending balance				Note
				Shares/Units	Carrying value	Percentage of ownership	Fair value
The Company `〃` `〃` `〃` `〃` `〃` EILF `〃` TKLF `〃` Oscar	China Development Financial Holdings Phoenix New Media Co., Ltd Formosa Plastics corporation Taiwan Cement Co., Ltd. Kaohsiung Harbor Stevedoring Co., Ltd. Leo Exploitation Co., Ltd. Formosa Plastics corporation Taiwan Semiconductor Manufacturing Taiwan Cement Co., Ltd. Taiwan Semiconductor Manufacturing Co., Ltd. COTA Commercial Bank, Ltd.	- - - - - - - - - - -	Financial assets at fair value through profit or loss `〃` `〃` `〃` Non-current financial assets at fair value through other comprehensive income `〃` Financial assets at fair value through profit or loss `〃` `〃` `〃` Non-current financial assets at fair value through other comprehensive income	1 2,000 1,120,000 950,000 750,000 165,663 700,000 80,000 1,308,009 40,000 1,000	$ - 5 115,360 48,450 7,500 - 72,100 47,600 66,708 23,800 10	- % - % 0.02 % 0.02 % 15.00 % 11.43 % 0.01 % - % 0.02 % - % - %	$ - 5 115,360 48,450 7,500 - 72,100 47,600 66,708 23,800 10

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Receivables from related parties of at least $100 million or 20% of the paid-in capital June 30, 2021

(Experssed in Thousands of New Taiwan Dollars, Except for the Noted Items) Table 4

Table 4
Name of company	Counter party	Nature of relationship	Ending balance	Turnover rate	Overdue		Amounts received in subsequent period	Allowance for bad debts
					Amount	Action taken
The Company EIC EILF TKLF	ET New Media ET New Media ET New Media ET New Media	Subsidiary Subsidiary Subsidiary Subsidiary	$ 302,533 200,477 150,185 150,366	Not applicable Not applicable Not applicable Not applicable	$ - - - -	- - - -	$ 2,533 477 185 366	$ - - - -

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Business relationships and significant intercompany transactions June 30, 2021

(Experssed in Thousands of New Taiwan Dollars, Except for the Noted Items) Table 5

Table 5
No.	Name of company	Name of counter party	Nature of relationship	Intercompany transactions
				Account name	Amount	Trading terms	Percentage of the consolidated net revenue or total assets
0 1 2 3	The Company EIC EILF TKLF	ET New Media ET New Media ET New Media ET New Media	1 3 3 3	Other receivables - related parties Other receivables - related parties Other receivables - related parties Other receivables - relatedparties	$ 302,533 200,477 150,185 150,366	Refer to contract terms or market price Refer to contract terms or market price Refer to contract terms or market price Refer to contract terms or marketprice	1.88% 1.25% 0.94% 0.94%

Note 1 ： For the inter-company business relationship and transaction condition in the “Number” column, the labeling method is as follows:

Parent company - 0.
Subsidiaries - in sequence from 1.

Note 2 ： Relationship is classified into three types:

Parent company to subsidiary
Subsidiary to parent company
Subsidiary to subsidiary

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Information on investees

For the six months ended June 30, 2021 (Experssed in Thousands of New Taiwan Dollars, Except for the Noted Items) Table 6

Table 6
Name of investor	Name of investee	Location	Main businesses and products	Original investment amount			Ending balance		Net income (losses) of investee	Share of profits/ losses of investee	Note
				June 30, 2021	December 31, 2020	Shares/Units	Percentage of ownership	Carrying value
The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company EIC EIC EIC EIC EIC TKLF TKLF	FESS-Bermuda FESS-Panama Grand Richness (Hong Kong) EIC EILF TKLF MWT EHS ET New Media EHR Eastern Asset ET New Media EHS TKLF EILF EHR EILF EHR	Bermuda Panama Hong Kong Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan	Holding company Holding company Holding company General investing Planning and design and leasing of cable TV broadcasting system Planning and design and leasing of cable TV broadcasting system Application Service Department stores, supermarkets, online stores Advertising, online newspaper, Produce a broadcast program Management & consultancy services, leisure site management, catering business, sports training business, catering business Real estate leasing Advertising, online newspaper, Produce a broadcast program Department stores, supermarkets, online stores Planning and design and leasing of cable TV broadcasting system Planning and design and leasing of cable TV broadcasting system Management & consultancy services, leisure site management, catering business, sports training business, catering business Planning and design and leasing of cable TV broadcasting system Management & consultancy services, leisure site management, catering business, sports training business, catering business	$ 32,161 2,245,038 672,603 500,525 391,195 391,613 - 81,978 535,225 208,931 495,000 6,275 243,794 77,115 74,464 45,660 269,766 45,660	$ 32,161 2,245,038 672,603 500,525 391,195 391,613 35,400 81,978 535,225 208,931 495,000 6,275 243,794 77,115 74,464 45,660 269,766 45,660	600,000 71,700 16,214,616 67,641,445 40,690,330 40,847,294 - 6,637,500 53,522,508 20,893,086 49,500,000 627,492 19,726,660 7,597,500 7,567,500 4,566,038 27,243,000 4,566,038	100.00% 100.00% 100.00% 97.90% 53.77% 53.76% -% 6.51% 89.20% 60.40% 55.00% 1.05% 19.36% 10.00% 10.00% 13.20% 36.00% 13.20%	$ 924 1,945,357 59,265 882,428 341,097 371,213 - 126,107 ( 575,677 ) ( 226 ) 494,410 ( 6,749 ) 374,790 69,045 63,436 ( 49 ) 228,371 ( 49 )	($ 689 ) ( 2,996 ) ( 989 ) 158,742 14,288 17,640 3,562 860,514 ( 108,805 ) ( 46,952 ) ( 642 ) ( 108,805 ) 860,514 17,640 14,288 ( 46,952 ) 14,288 ( 46,952 )	($ 689 ) ( 2,996 ) ( 989 ) 155,409 7,682 9,484 1,817 56,043 ( 97,059 ) ( 28,359 ) ( 353 ) Exempt from disclosure 〃〃〃〃〃〃	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Note 2 Associates Subsidiary Subsidiary Subsidiary Subsidiary Associates Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary

(to be continued)

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(continued)

(continued)
Name of investor	Name of investee	Location	Main businesses and products	Original investment amount			Ending balance		Net income (losses) of investee	Share of profits/ losses of investee	Note
				June 30, 2021	December 31, 2020	Shares/Units	Percentage of ownership	Carrying value
EILF EILF FESS-Panama FESS-Panama FESS-Panama GSMC-cayman ET New Media ET New Media ET New Media ET New Media ET New Media ET New Media ET Pet ET Pet ET Pet	TKLF EHR GSMC-Cayman Eastern Media Communication (Hong Kong) Natural Beauty GRAND SCENE TRADING (HONG KONG) Show off Dung sen shin guang yun Dung sen dian jing yun Dung sen shin wen yun Dung sen min diau yun ET Pet Oscar Pet Kingdom Kaou Sin	Taiwan Taiwan Cayman Islands Hong Kong Cayman Islands Hong Kong Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan	Planning and design and leasing of cable TV broadcasting system Management & consultancy services, leisure site management, catering business, sports training business, catering business Holding company Holding company Holding company Holding company Video advertising service Audiovisual and singing, information leisure Amusement park information leisure Amusement park information leisure Consulting management, market research and opinion poll Pet food and supplies and providing pet beauty service Pet food and supplies and providing pet beauty service Pet food and supplies and providing pet beauty service Pet food and supplies andproviding pet beautyservice	$ 278,342 45,660 137,363 305 2,060,871 125,153 100,000 100 100 5,000 1,000 185,000 301,202 36,836 7,941	$ 278,342 45,660 137,363 305 2,060,871 125,153 100,000 100 100 5,000 1,000 185,000 301,202 36,836 7,941	27,351,000 4,566,038 450,000 28,569,840 600,630,280 3,198,000 10,000,000 10,000 10,000 500,000 100,000 18,500,000 4,873,200 3,440,000 80,000	36.00% 13.20% 100.00% 100.00% 30.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 92.50% 80.00% 80.00% 80.00%	$ 248,561 ( 49 ) 78,403 46,439 1,910,065 75,836 4,375 2,376 60 3,801 1,079 66,362 332,517 47,046 8,742	$ 17,640 ( 46,952 ) 793 114 62,314 947 ( 359 ) 1,934 103 ( 507 ) 93 ( 23,087 ) 2,445 3,944 1,753	Exempt from disclosure 〃〃〃〃〃〃〃〃〃〃〃〃〃〃	Subsidiary Subsidiary Subsidiary Subsidiary Associates Subsidiary Note 1 Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary

Note 1: Show off was dissolved on July 30, 2020. The processure of liquidation was finished on July 9, 2021.

Note 2: The Company resolved on May 6, 2021 to dispose of the entire equity interests in the subsidiary, MWT. The share transfer registration procedures were finished on May 28, 2021.

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Information on investment in Mainland China For the six months ended June 30, 2021 (Experssed in Thousands of New Taiwan Dollars, Except for the Noted Items) Table 7

1. Relevant information such as the name and main business items of the investee company in Mainland China:

Name of investee.	Main businesses and products	Total amount of paid in capital	Method of investment	Accumulated outflow of investment from Taiwan as ofJanuary 1, 2021	Investment flows	Investment flows	Accumulated outflow of investment from Taiwan as ofJune 30, 2021	Net income (losses) of the investee	Percentage of ownership	Investment income (losses)	Book Value	Accumulated remittance of earnings in currentperiod
					Outflow	Inflow
Eastern Enterprise Development (Shanghai) Ltd Ding Kai (Shanghai) Sheng Hang (Shanghai) RICHNESS TRADING (SHANGHAI) Nanjing Yun Fu Jiangsu Sen Fu Da Shanghai Rich Shanghai Natural Beauty Fuli Cosmetics Company Limited Shanghai Natural Beauty Bio-Med Company Limited Shanghai Natural Beauty Fuli Cosmetics Company Limited	Operating international circulation logistics business Wholesale and retailing goods Wholesale and retailing goods Retail of clothing, garments and accessories, household electrical equipment and supplies, clocks, watches and spectacles, jewelry and precious metals, food goods, medicines, cosmetics and cleaning products, etc. Wholesale trading Research and development of film and television technology; research and development and sales of toys, clothing; planning and implementation of cultural and artistic exchange activities Producing TV programs, wholesale Production and sale of beauty care products and provision of beauty and body care services Sales of health care products Production and sale of beauty care products and provision of beauty and body care services	$ - - - 1,080,648 44,768 43,092 - 430,575 92,738 1,044,863	Note 2 Note 3 Note 4 Note 5 Note 6 Note 7 Note 8 Note 5 Note 5 Note 5	$ 911,022 356,678 175,695 1,061,466 83,580 - - - - -	- - - - - - - - - -	- - - - - - - - - -	$ 911,022 356,678 175,695 1,061,466 83,580 - - - - -	$ - - - ( 368 ) ( 9 ) - ( 22 ) 2,956 ( 791 ) 4,127	-% -% -% 100.00% 100.00% 34.00% -% 30.00% 30.00% 30.00%	$ - - - ( 368 ) ( 9 ) - ( 22 ) 887 ( 237 ) 1,238	$ - - - 4,313 4,143 - - 143,192 30,669 402,482	$ - - - - - - - - - -

(to be continued)

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(continued)

Note 1: The investment gain (loss) was recognized based on the investees’ audited financial statements.

Note 2: The Group indirectly made the investment through FESS Panama, and was complete disposal of all shares on April 23, 2018.

Note 3: The Group indirectly made the investment through Grand Richness Hong Kong, and the investment completed cancellation of registration on September 21, 2018.

Note 4: The Group indirectly made the investment through Grand Richness Hong Kong, and the investment completed cancellation of registration on February 21, 2019.

Note 5: The Group indirectly invested through FESS Panama.

Note 6: The Group indirectly invested through FESS Panama, and the investment was handling capital reduction and returning shares of CNY $9,467 on February 1, 2018, the amount of the share is remitted back to the GRAND SCENE TRADING (HONG KONG).

Note 7: The Group indirectly invested t through Nanjing Ji Cheng on August 30, 2012.

Note 8: The Group indirectly invested through RICHNESS TRADING (SHANGHAI) on March 16, 2015. Shanghai Rich was liqudated on March 24, 2021.

Note 9: The amount in the table is translated by the spot rate on the financial reporting date and the average rate throughout the year.

2. Limitation on investment in Mainland China:

Company Name	Accumulated Investment in Mainland China as of June 30, 2021	Investment Amounts Authorized by Investment Commission, MOEA	Upper Limit on Investment
The Company	$ 2,588,441	$ 4,303,473	$ 3,929,306

Note: The limit on investment was determined by 60% of the individual or consolidated total net worth whichever is higher.

3. Significant transactions with investee companies in Mainland China:

For the Group’s significant direct or indirect transactions (eliminated when compiling the consolidated financial statements) with investee companies in Mainland China for the six months ended June 30, 2021, please refer to “Information on significant transactions” above.

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EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Major shareholders

June 30, 2021 (Experssed in Units) Table 8

Shareholding Shareholders name	Shares	Percentage
Jinxin Trading Co., Ltd. E-Happy Travel Co., Ltd. Mori International Co.,Ltd.	53,621,300 50,108,860 47,774,628	9.63% 8.99% 8.58%

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AI assistant

EMIC — Interim / Quarterly Report 2021

52168_rns_2021-11-23_ab6467ba-6528-4abc-807f-15f152e148fd.pdf

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Financial Statements

Table of Contents

Independent Auditors’ Review Report

Introduction

Scope of Review

Basis for Qualified Conclusion

Qualified Conclusion

KPMG

Notes to Readers

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets

(Expressed in Thousands of New Taiwan Dollars)

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Balance S heet s (Cotn’d)

(Expressed in Thousands of New Taiwan Dollars)

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Comprehensive Income

(Expressed in Thousands of New Taiwan Dollars, Except for Earnings Per Common Share) (Reviewed, Not Audited)

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Comprehensive Income (Cotn’d) (Expressed in Thousands of New Taiwan Dollars, Except for Earnings Per Common Share) (Reviewed, Not Audited)

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Changes in Equity (In Thousands of New Taiwan Dollars) (Reviewed, Not Audited)

(Please see accompanying notes to the consolidated financial statements)

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(Expressed in Thousands of New Taiwan Dollars)

(Reviewed, Not Audited)

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Cash Flows (Cotn’d)

(Expressed in Thousands of New Taiwan Dollars)

(Reviewed, Not Audited)

EASTERN MEDIA INTERNATIONAL CORPORATION AND SUBSIDIARIES

1. Company history

2. Approval date and procedures of the consolidated financial statements

3. New standards, amendments and interpretations adopted

4. Summary of significant accounting policies

information, please refer to Note IV of the consolidated financial statements for the year ended December 31, 2020.

b. Basis of consolidation

(a) List of subsidiaries in the consolidated financial statements:

c. Leases

5. Significant accounting assumptions and judgments, and major sources of estimation uncertainty:

6.

Cash and cash equivalents

7. Financial assets at fair value through profit or loss

8.

Financial assets at fair value through other comprehensive income

10.

Other receivables and other notes receivable (including related parties)

11. Inventories

12. Non-current assets held for sale

13.

Investments accounted for using equity method

(b) Eastern Home Shopping & Leisure Co., Ltd.

14. Acquire a subsidiary

15. Material non-controlling interests of subsidiaries

goodwill generated from MWT.

17. Property, plant and equipment

18.

Right-of-use assets

d. Impairment losses

19. Intangible assets

20. Short-term loans

21. Short-term notes and bills

22.

Notes payable

23. Long-term loans

24. Long term notes and accounts payable

25. Lease liabilities

d. Other leases

26. Employee benefits

a. Defined benefit plans

b. Defined contribution plans

27. Income taxes

28. Capital and other equity

a. Ordinary shares

29. Earnings per share

30. Revenue from contracts with customers

31. Remuneration of employees

32. Non-operating income and expenses

b. Other income

c. Other gains and losses

d. Finance costs

EMIC Interim / Quarterly Report 2021