Stock code: 6414

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

Consolidated Financial Statements and Independent Auditors’ Review Report Three Months Ended March 31, 2025 and 2024

Address: 3F–6F, No. 10, Jiankang Rd., Zhonghe Dist., New Taipei City Tel: (02)5590-8050

Notice to Reader

For the convenience of readers, this report has been translated into English from the original Chinese version. The English version has not been audited or reviewed by independent auditors. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors’ report and consolidated financial statements shall prevail.

§TABLE OF CONTENTS§

		Item	Page
I.	Cover		1
II.	Table	of Contents	2
III.	Independent Auditor’s Review Report		3
IV.	Consolidated Balance Sheet		5
V.	Consolidated Statement of Comprehensive Income		6
VI.	Consolidated Statement of Changes in Equity		7
VII.	Consolidated Statement of Cash Flows		8~9
VIII.	Notes	to the Consolidated Financial Statements
	1.	Formation History	10
	2.	Financial Statements Approval Dates and Procedures	10
	3.	Adoption of Newly Issued and Revised Regulations and	10~12
		Interpretations
	4.	Summary of Significant Accounting Policies	12~17
	5.	Significant Accounting Judgments, Estimates and Major	18
		Sources of Estimation Uncertainty
	6.	Explanation of Significant Accounts	18~61
	7.	Related Party Transaction	61~65
	8.	Assets Pledged as Security	65
	9.	Material Contingent Liabilities and Unrecognized Contractual	65
		Commitments
	10.	Losses Due to Major Disasters	66
	11.	Subsequent Events	66
	12.	Others	66~67
	13.	Other Disclosures
		(1) Information on Significant Transactions	67, 70~85
		(2) Information on Re-Investment	68, 86~96
		(3) Information on Investments in Mainland China	68, 97~99
	14.	Department Information	68~69

INDEPENDENT AUDITORS’ REVIEW REPORT

To the Board of Directors of Ennoconn Corporation:

Preface

The Consolidated Balance Sheets of Ennoconn Corporation and its subsidiaries as of March 31, 2025 and 2024, the Consolidated Statements of Comprehensive Income, Changes in Equity, and Cash Flows for the three months ended March 31, 2025 and 2024, and the Notes to the Consolidated Financial Statements (including a summary of significant accounting policies) have been reviewed by the Certified Public Accountant. 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," as endorsed by the Financial Supervisory Commission. The Certified Public Accountant’s responsibility is to express a conclusion on the Consolidated Financial Statements based on the review.

Scope

Except as explained in the basis for qualified conclusion paragraph, we conducted our reviews in accordance with Statement of Auditing Standards 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of the consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable the certified public accountant to obtain assurance that the Certified Public Accountant would be aware of all significant matters that might be identified in an audit. Accordingly, a review does not provide a basis for expressing an audit opinion.

Basis for Qualified Opinion

As described in Note 4(2) to the accompanying consolidated financial statements, the assets and liabilities of certain non-significant subsidiaries included in the aforementioned consolidated financial statements were based on the unaudited financial statements of those invested companies for the same periods. As of March 31, 2025 and 2024, these subsidiaries’ total assets were NT$4,102,371 thousand and NT$20,573,934 thousand, representing 2.77% and 14.23% of consolidated total assets, respectively. Their total liabilities were NT$1,984,281 thousand and NT$13,165,268 thousand, or 2.15% and 14.38% of consolidated total liabilities. For the three months ended March 31, 2025 and 2024, their comprehensive income (loss) was NT$74,100 thousand and NT$(162,166) thousand, representing 2.25% and (7.25)% of consolidated comprehensive income, respectively.

In addition, as described in Note 6(7), the investments accounted for using equity method of Ennoconn Corporation and its subsidiaries amounted to NT$608,294 thousand and NT$560,117 thousand as of March 31, 2025 and 2024; and the share of profit of associates accounted for using equity

method amounted to NT$(9,519) and NT$7,730 thousand for the three months ended March 31, 2025 and 2024, respectively, which were based on the unaudited financial statements of those invested companies for the same periods.

Qualified Opinion

Based on our reviews, except for the effective adjustments, if any, as might have been determined to be necessary had the financial statements of those invested companies described in the Basis for Qualified Opinion paragraph been audited, based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of Ennoconn Corporation and its subsidiaries as of March 31, 2025 and 2024, and their consolidated financial performance for the three months ended March 31, 2025 and 2024, and their consolidated cash flows for 2025 and the three months ended March 31, 2024, 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.

Matters for Emphasis

As stated in Note 6(8) to the consolidated financial statements, Ennoconn Corporation and its subsidiaries acquired 59.44% of the equity interest in KATEK SE and its subsidiaries in February 2024. As the valuation of the identifiable net assets acquired in the business combination was completed in the first quarter of 2025, the original accounting treatment and provisional amounts as of the acquisition date have been adjusted in accordance with the purchase price allocation report, and the comparative period information has been retrospectively restated. The review conclusion is not modified by the certified public accountant in respect of this matter.

KPMG Taiwan

Certified Public Accountant/CPA:

Financial Supervisory Commission Approval Document: Financial Supervisory Commission Approval Letter No. 1040003949 May 13, 2025

Notice to Reader

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

CONSOLIDATED BALANCE SHEET

March 31, 2025, December 31, 2024 and March 31, 2024

1100 1110 1136 1140 1150 1172 1180 130X 1470 11XX 1510 1520 1550 1600 1755 1760 1805 1821 1840 1960 1990 15XX 1XXX	Asset	2025.3.31 Amount % $ 23,711,134 16 80,949 - 234,285 - 13,776,151 9 121,228 - 21,978,586 15 48,001 - 30,092,850 20 6,337,618 5 96,380,802 65 2,376,262 2 1,146,987 1 608,294 - 11,934,239 8 6,621,466 4 49,660 - 16,910,858 11 8,033,507 6 2,975,391 2 3,500 - 1,091,262 1 51,751,426 35 148,132,228 100	2024.12.31 Amount % 27,891,962 19 66,781 - 211,031 - 13,055,333 9 105,330 - 22,002,867 15 78,159 - 28,078,329 19 5,476,506 4 96,966,298 66 2,279,247 2 1,163,940 1 624,262 - 11,475,376 8 6,617,404 4 49,812 - 16,332,299 11 7,517,223 5 2,861,502 2 58,755 - 1,062,925 1 50,042,745 34 147,009,043 100	2024.3.31 (Restated) 2100 Amount % Liabilities and Equity Current Liabilities: 25,293,006 17 Short-Term Borrowings (Notes 6(16) and (27)) 184,951 -2120 Financial Liabilities Measured at Fair Value through Profit or Loss - Current (Notes 6(2), and (26)) 2130 Contract Liabilities - Current (Note 6(23)) 277,179 - 2150 Notes Payable (Note 6(26)) 15,230,345 11 2160 Notes Payable - Related Parties (Note 6(26) and 7) 216,945 - 2170 Accounts Payable (Note 6(26)) 19,196,307 13 2180 Accounts Payable - Related Parties (Notes 6(26) and 7) 126,192 - 2200 Other Payables (Including Related Parties) (Note 6(26)) 29,048,612 20 2230 Current Income Tax Liabilities 5,921,243 5 2250 Provisions for Liabilities - Current 95,494,780 66 2280 Lease Liabilities - Current (Notes 6(18) and (26)) 2322 Long-Term Liabilities Due within One Year or One Operating Cycle (Note 6(16)) 2,060,700 1 2399 Other Current Liabilities 21XX Total Current Liabilities 1,706,673 1 Non-Current Liabilities: 2530 Corporate Bonds Payable (Notes 6(17) and (26)) 587,879 - 2540 Long-Term Borrowings (Notes 6(16) and (26)) 10,079,947 7 2550 Provisions for Liabilities - Non-Current 6,676,844 5 2570 Deferred Income Tax Liabilities 50,370 - 2580 Non-Current Lease Liabilities (Notes 6(18) and (26)) 16,599,164 11 2640 Net Defined Benefit Liability - Non-Current 7,914,199 5 2670 Other Non-Current Liabilities 2,396,071 2 25XX Total Non-Current Liabilities 42,920 - 2XXX Total Liabilities 1,011,473 2 49,126,240 34 Equity Attributable to Owners of Parent Company (Notes 6(21)): 3110 Share Capital 3200 Capital Surplus Retained Earnings 3310 Legal Reserve 3320 Special Reserve 3350 Undistributed Earnings 3300 Subtotal Retained Earnings 3490 Other Equity 31XX Subtotal Equity Attributable to Owners of the Parent Company 36XX Non-controlling Interests (Notes 6(10) and (21)) 3XXX Total Equity 144,621,020 100 Total Liabilities and Equity	2025.3.31 Amount % $ 9,865,830 7 496 - 15,929,415 11 1,784,517 1 2,560 - 21,987,318 15 60,841 - 7,495,279 5 1,523,472 1 1,710,350 1 1,706,097 1 2,582,009 2 403,099 - 65,051,283 44 6,767,983 5 11,687,219 7 618,544 - 822,899 - 5,580,025 4 724,817 - 905,966 1 27,107,453 17 92,158,736 61 1,375,397 1 15,707,558 11 1,380,526 1 1,039,929 1 4,567,387 3 6,987,842 5 (96,830) - 23,973,967 17 31,999,525 22 55,973,492 39 148,132,228 100	Unit: NT$ 2024.12.31 Amount % 14,029,464 10 - - 15,285,228 10 1,916,875 1 9,008 - 21,602,049 15 82,993 - 5,713,663 4 1,455,375 1 1,967,893 1 1,672,853 1 2,379,593 2 315,043 - 66,430,037 45 6,860,500 5 11,021,720 7 584,745 - 648,155 - 5,556,381 4 692,929 - 949,106 1 26,313,536 17 92,743,573 62 1,375,372 1 15,663,929 11 1,380,526 1 1,039,929 1 5,418,318 4 7,838,773 6 (607,389) - 24,270,685 18 29,994,785 20 54,265,470 38 147,009,043 100	thousand 2024.3.31 (Restated)
							Amount % 11,776,740 8 24,990 - 12,207,019 8 1,448,396 1 4,725 - 21,233,702 15 57,948 - 8,404,492 6 1,785,825 1 1,626,755 1 2,535,244 2 5,992,572 5 475,827 - 67,574,235 47 6,883,550 5 8,664,943 6 548,848 - 902,930 - 4,770,762 3 725,626 - 1,492,189 1 23,988,848 15 91,563,083 62 1,370,270 1 15,821,638 11 1,161,514 1 905,934 1 3,684,885 3 5,752,333 5 (367,712) - 22,576,529 17 30,481,408 21 53,057,937 38 144,621,020 100
	Current Assets: Cash and Cash Equivalents (Notes 6(1) and (26)) Financial Assets Measured at Fair Value through Profit or Loss - Current (Note 6(2) and (26)) Financial Assets Measured at Amortized Cost - Current (Notes 8) Contract Assets - Current (Notes 6(23)) Net Notes Receivable (Notes 6(4) and (23)) Net Accounts Receivable (Notes 6(4), (23) and 8) Net Accounts Receivable - Related Parties (Notes 6(4), (23) and 7) Inventories (Notes 6(5) and 8) Other Current Assets (Note 6(14) and 8) Total Current Assets Non-Current Assets: Financial Assets Measured at Fair Value through Profit or Loss - Non-Current (Note 6(2) and (26)) Financial Assets Measured at Fair Value through Other Comprehensive Income - Non-Current (Notes 6(3) and (26)) Investments Accounted for Using Equity Method (Note 6(7)) Property, Plant and Equipment (Note 6(11) and 8) Right-of-Use Assets (Note 6(13)) Net Investment Property (Note 8) Goodwill (Notes 6(12)) Other Intangible Assets (Note 6(12)) Deferred Income Tax Assets (Note 6 (20)) Prepaid Investment Other Non-Current Assets (Notes 6(14) and 8) Total Non-Current Assets Total Assets

(Please refer to the notes to the consolidated financial statements attached)

Chairman: Fu-Chuan Chu

Managerial Officer: Neng-Chi Tsai

Accounting Supervisor: Tsung-Hsien Chuang

ENNOCONN CORPORATION AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Three Months Ended March 31, 2025 and 2024

Unit: NT$ thousand Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 Amount % Amount % $ 34,465,909 100 32,717,014 100 27,050,125 78 26,134,080 80 7,415,784 22 6,582,934 20 1,045,211 3 918,197 3 2,084,813 7 2,118,031 6 2,872,022 8 2,393,102 7 (107,285) - 184,783 1 5,894,761 18 5,614,113 17 1,521,023 4 968,821 3 75,305 - 116,902 - 4,160 - 4,608 - 1,214,404 4 944,236 3 (345,670) (1) (338,980) (1) (9,204) - (8,543) - 938,995 3 718,223 2 2,460,018 7 1,687,044 5 583,611 2 343,568 1 1,876,407 5 1,343,476 4 - - 3,916 - 1,876,407 5 1,347,392 4 1,064 - 647 - (27,613) - 5,312 - - - 518 - (26,549) - 6,477 - 1,452,347 4 886,393 3 (315) - 3,559 - 14,143 - 8,417 - 1,437,889 4 881,535 3 1,411,340 4 888,012 3 $ 3,287,747 9 2,235,404 7 827,343 2 631,341 2 1,049,064 3 716,051 2 $ 1,876,407 5 1,347,392 4 1,337,613 4 1,303,742 4 1,950,134 5 931,662 3 $ 3,287,747 9 2,235,404 7 $ 6.02 4.67 $ 5.37 4.11	Unit: NT$ thousand Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 Amount % Amount % $ 34,465,909 100 32,717,014 100 27,050,125 78 26,134,080 80 7,415,784 22 6,582,934 20 1,045,211 3 918,197 3 2,084,813 7 2,118,031 6 2,872,022 8 2,393,102 7 (107,285) - 184,783 1 5,894,761 18 5,614,113 17 1,521,023 4 968,821 3 75,305 - 116,902 - 4,160 - 4,608 - 1,214,404 4 944,236 3 (345,670) (1) (338,980) (1) (9,204) - (8,543) - 938,995 3 718,223 2 2,460,018 7 1,687,044 5 583,611 2 343,568 1 1,876,407 5 1,343,476 4 - - 3,916 - 1,876,407 5 1,347,392 4 1,064 - 647 - (27,613) - 5,312 - - - 518 - (26,549) - 6,477 - 1,452,347 4 886,393 3 (315) - 3,559 - 14,143 - 8,417 - 1,437,889 4 881,535 3 1,411,340 4 888,012 3 $ 3,287,747 9 2,235,404 7 827,343 2 631,341 2 1,049,064 3 716,051 2 $ 1,876,407 5 1,347,392 4 1,337,613 4 1,303,742 4 1,950,134 5 931,662 3 $ 3,287,747 9 2,235,404 7 $ 6.02 4.67 $ 5.37 4.11	Unit: NT$ thousand Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 Amount % Amount % $ 34,465,909 100 32,717,014 100 27,050,125 78 26,134,080 80 7,415,784 22 6,582,934 20 1,045,211 3 918,197 3 2,084,813 7 2,118,031 6 2,872,022 8 2,393,102 7 (107,285) - 184,783 1 5,894,761 18 5,614,113 17 1,521,023 4 968,821 3 75,305 - 116,902 - 4,160 - 4,608 - 1,214,404 4 944,236 3 (345,670) (1) (338,980) (1) (9,204) - (8,543) - 938,995 3 718,223 2 2,460,018 7 1,687,044 5 583,611 2 343,568 1 1,876,407 5 1,343,476 4 - - 3,916 - 1,876,407 5 1,347,392 4 1,064 - 647 - (27,613) - 5,312 - - - 518 - (26,549) - 6,477 - 1,452,347 4 886,393 3 (315) - 3,559 - 14,143 - 8,417 - 1,437,889 4 881,535 3 1,411,340 4 888,012 3 $ 3,287,747 9 2,235,404 7 827,343 2 631,341 2 1,049,064 3 716,051 2 $ 1,876,407 5 1,347,392 4 1,337,613 4 1,303,742 4 1,950,134 5 931,662 3 $ 3,287,747 9 2,235,404 7 $ 6.02 4.67 $ 5.37 4.11
Amount	%	Amount
$ 34,465,909 27,050,125	100 78	32,717,014 26,134,080
7,415,784	22	6,582,934
1,045,211 2,084,813 2,872,022 (107,285)	3 7 8 -	918,197 2,118,031 2,393,102 184,783
5,894,761	18	5,614,113
1,521,023	4	968,821
75,305 4,160 1,214,404 (345,670) (9,204)	- - 4 (1) -	116,902 4,608 944,236 (338,980) (8,543)
938,995	3	718,223
2,460,018 583,611	7 2	1,687,044 343,568
1,876,407 -	5 -	1,343,476 3,916
1,876,407	5	1,347,392
1,064 (27,613) -	- - -	647 5,312 518
(26,549)	-	6,477
1,452,347 (315) 14,143	4 - -	886,393 3,559 8,417
1,437,889	4	881,535
1,411,340	4	888,012
$ 3,287,747	9	2,235,404
827,343 1,049,064	2 3	631,341 716,051
$ 1,876,407	5	1,347,392
1,337,613 1,950,134	4 5	1,303,742 931,662
$ 3,287,747	9	2,235,404
	$ 6.02
	$ 5.37

(Please refer to the notes to the consolidated financial statements attached)

Chairman: Fu-Chuan Chu

Managerial Officer: Accounting Supervisor: Neng-Chi Tsai Tsung-Hsien Chuang

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Three Months Ended March 31, 2025 and 2024

Unit: NT$ thousand

				EquityAttributa	ble to Owners of the	Parent Company				Total Equity 49,677,958 1,347,392 888,012
Share Capital $ 1,319,999 - - - - - - - 50,271 - $ 1,370,270 $ 1,375,372 - - - - - - - 25 - - $ 1,375,397	Capital Surplus 14,940,752 - - - - - 469 (87,641) 968,058 - 15,821,638 15,663,929 - - - - - (560) 43,724 465 - - 15,707,558		Retained	Earnings	Total 6,679,880 631,341 184 631,525 (1,559,072) - - - - - 5,752,333 7,838,773 827,343 305 827,648 (1,677,985) - - - - (594) - 6,987,842		Other Equity Items	Total (1,039,929) - 672,217 672,217 - - - - - - (367,712) (607,389) - 509,965 509,965 - - - - - 594 - (96,830)	Total Equity Attributable to Owners of the Parent Company 21,900,702 631,341 672,401 1,303,742 (1,559,072) - 469 (87,641) 1,018,329 - 22,576,529 24,270,685 827,343 510,270 1,337,613 (1,677,985) - (560) 43,724 490 - - 23,973,967
		Legal Reserve 1,161,514 - - - - - - - - - 1,161,514 1,380,526 - - - - - - - - - - 1,380,526	Special Reserve 905,934 - - - - - - - - - 905,934 1,039,929 - - - - - - - - - - 1,039,929	Undistributed Earnings 4,612,432 631,341 184 631,525 (1,559,072) - - - - - 3,684,885 5,418,318 827,343 305 827,648 (1,677,985) - - - - (594) - 4,567,387		Exchange Differences on Translation of Foreign Financial Statements (1,081,452) - 666,676 666,676 - - - - - - (414,776) (218,910) - 523,939 523,939 - - - - - - - 305,029	Unrealized Gain or Loss on Financial Assets Measured at Fair Value through Other Comprehensive Income 41,523 - 5,541 5,541 - - - - - - 47,064 (388,479) - (13,974) (13,974) - - - - - 594 - (401,859)
										2,235,404
										(1,559,072) (140,278) 469 - 1,018,329 1,825,127
										53,057,937
										54,265,470 1,876,407 1,411,340
										3,287,747
										(1,677,985) (145,286) (560) - 490 - 243,616
										55,973,492

(Please refer to the notes to the consolidated financial statements attached)

Accounting Supervisor: Tsung-Hsien Chuang

Chairman: Fu-Chuan Chu

Managerial Officer: Neng-Chi Tsai

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

ENNOCONN CORPORATION AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS Three Months Ended March 31, 2025 and 2024

Cash Flows From Operating Activities: Imcome Before Tax from Continuing Operations Income Before Tax from Discontinued Operations Income Before Tax for the Period Adjustment for: Income and Expense Items: Depreciation Expense Amortization Expense Reversal of Expected Credit Losses Net (Gains) Losses on Financial Assets and Liabilities Measured at Fair Value through Profit or Loss Interest Expense Interest Income Dividend Revenue Share-based Compensation Expense Share of Profit or Loss of Associates Accounted for Using Equity Method Gains or Losses on Disposal and Retirement of Property, Plant and Equipment Gain from Price Recovery of Inventory Loss on Inventory Write-off Loss on Onerous Contracts Others Total Revenue Expenses and Losses Changes in Assets/Liabilities Related to Operating Activities: Contract Assets Notes and Accounts Receivable Inventories Other Current Assets Contract Liabilities Notes Payable (Including Related Parties) Accounts Payable (Including Related Parties) Other Payables Provision for Liabilities Other Current Liabilities Other Liabilities Total Adjustments Cash Flows from Operations Interest Received Dividends Received Interest Paid Income Taxes Paid Net Cash Flows from Operating Activities	ThreeMonths Ended March 31,2025 $ 2,460,018 -	Unit: NT$ thousand ThreeMonths Ended March 31,2024 $ 1,687,044 3,916 1,690,960 610,502 283,682 184,783 (311,686) 338,980 (116,902) (261) 11,901 8,543 3,278 (64,369) 31,578 - (3) 980,026 (404,573) 3,047,588 (157,426) 590,663 (870,127) (324,842) (1,353,016) (3,139,076) (91,535) (77,663) 111,166 (1,688,815) 2,145 117,063 261 (265,485) (325,946) (471,962)
	2,460,018 756,595 334,130 (107,285) (289,858) 345,670 (75,305) (540) 11,485 9,204 (1,530) (100,652) 37,294 43,386 4,901
	967,495
	(559,238) 678,491 (1,164,251) (556,455) 385,344 (101,033) (310,028) (286,615) (362,185) (46,128) 5,584
	(1,349,019)
	1,110,999
	59,895 1,462 (216,892) (425,821)
	529,643

(Please refer to the notes to the consolidated financial statements attached)

Managerial Officer: Accounting Supervisor: Neng-Chi Tsai Tsung-Hsien Chuang ENNOCONN CORPORATION AND ITS SUBSIDIARIES

Chairman: Fu-Chuan Chu

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

CONSOLIDATED STATEMENT OF CASH FLOWS (Continued) Three Months Ended March 31, 2025 and 2024

Cash Flows from Investing Activities: Acquisition of Financial Assets Measured at Fair Value through Other Comprehensive Income Disposal of Financial Assets Measured at Fair Value through Other Comprehensive Income Obtain Financial Assets Measured at Amortized Cost Dispose of Financial Assets Measured at Amortized Cost Obtain Financial Assets Measured at Fair Value through Profit or Loss Dispose of Financial Assets Measured at Fair Value through Profit or Loss Redemption of Financial Assets Measured at Fair Value through Profit or Loss Prepaid Investment Acquisition of Subsidiaries (Net of Cash Acquired) Acquisition of Property, Plant and Equipment Disposal of Property, Plant and Equipment Acquisition of Intangible Assets Disposal of Intangible Assets Obtain Right-of-Use Assets Other Non-Current Assets Net Cash Outflow from Investing Activities Cash Flows from Financing Activities: Short-Term Borrowings Repayment of Convertible Corporate Bonds Borrowing of Long-Term Loans Repayment of Long-Term Loans Financial Liabilities Designated at Fair Value through Profit or Loss Repayment of the Principal Portion of Lease Liabilities Change in Non-Controlling Interests Net Cash Outflow from Financing Activities Effect of Exchange Rate Changes on Cash and Cash Equivalents Net (Decrease) Increase in Cash and Cash Equivalents for the Period Beginning Balance of Cash and Cash Equivalents Ending Balance of Cash and Cash Equivalents	Three Months Ended March 31, 2025 - 3,766 (11,521) - (12,433) 224,189 - (1,839) 80,378 (493,805) 12,224 (477,938) 10,426 (25,478) 6,438	Unit: NT$ thousand Three Months Ended March 31, 2024 (32,425) - (16,559) 1,000 (21,026) 670 7,811 (10,373) (2,216,415) (266,290) 6,275 (299,206) 698 (6,694) (103,411) (2,955,945) (4,555,810) (216) 7,008,965 (50,330) - (335,645) 1,752,949 3,819,913 840,046 1,232,052 24,060,954 $ 25,293,006
	(685,593)
	(5,097,998) - 900,000 (3,158) - (403,734) 85,720
	(4,519,170)
	494,292 (4,180,828) 27,891,962
	$ 23,711,134

(Please refer to the notes to the consolidated financial statements attached)

Chairman: Fu-Chuan Chu

Managerial Officer: Accounting Supervisor: Neng-Chi Tsai Tsung-Hsien Chuang

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

ENNOCONN CORPORATION AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Three Months Ended March 31, 2025 and 2024 (Unless otherwise specified, all amounts are in NT$ thousand)

1. Formation History

Ennoconn Corporation (“the Company”) was established on July 12, 1999 after approval from the Ministry of Economic Affairs, and registered at 3F-6F, No. 10, Jiankang Road, Zhonghe District, New Taipei City. The main business activities of the Company and its subsidiaries (hereinafter referred to as the "Consolidated Company") are the manufacturing and sale of data storage, processing equipment, and industrial motherboards.

The Company’s initial public offering was conducted on November 21, 2012. On December 18 of the same year, its emerging stocks were traded at Taipei Exchange (TPEx) and its stocks were listed at the Taiwan Stock Exchange Corporation on March 28, 2014.

2. Financial Statements Approval Dates and Procedures

The Consolidated Financial Statements were approved by the Board of Directors and authorized for issuance on May 13, 2025.

3. Adoption of Newly Issued and Revised Regulations and Interpretations

(1) 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 Consolidated Company has adopted the following newly amended International Financial Reporting Standards from January 1, 2025, which have not caused significant impact on the consolidated financial statements.

Amendments to IAS 21 “Lack of Exchangeability”
(2) Effect of Not Adopting IFRSs Recognized Bby the FSC

The Consolidated Company is expected to adopt the following newly amended International Financial Reporting Standards starting January 1, 2026. The potential impacts are summarized as follows:

a. Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments,” relating to the application guidance in Section 4.1 of IFRS 9 and the related disclosure requirements under IFRS 7

The amendments introduce an additional test for assessing whether the contractual cash flows are solely payments of principal and interest (SPPI) for financial assets with contingent features that are not directly related to basic lending risks or costs—for example, where changes in cash flows depend on the borrower meeting sustainability-linked targets specified

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

in the loan agreement. The Consolidated Company has not elected to early adopt the application guidance in Section 4.1 of the amendments, as permitted by the Q&A issued by the Financial Supervisory Commission on February 26, 2025, for application starting January 1, 2025.

The Consolidated Company’s investments in bonds with sustainability-linked features may require reclassification as a result of the aforementioned amendments. The potential impact of the initial application of these amendments on the consolidated financial statements is still under assessment.

(3) The Impact of IFRSs Issued by the IASB but Not Yet Endorsed by the FSC

The International Accounting Standards Board has issued and amended standards and interpretations that have not yet been endorsed by the Financial Supervisory Commission, which may be relevant to the Consolidated Company as follows:

		Effective Date Issued
		by the International
Newly Issued or		Accounting
Amended		Standards Board
Standards	Main Amendments	(IASB)
IFRS 18 “Presentation and	The new standard introduces three categories of income and expenses, two subtotals in the income statement, and a single	January 1, 2027
Disclosure in	note on management performance measures. These three
Financial	amendments and enhanced guidance on how to disaggregate
Statements”	information in financial statements lay the foundation for
	providing better and more consistent information for users
	and will affect all companies.
	 More structured income statement: Under current
	standards, companies use different formats to present their
	operating results, making it difficult for investors to
	compare financial performance between different
	companies. The new standard adopts a more structured
	income statement, introducing a newly defined subtotal of
	“operating profit” and requiring all income and expenses
	to be classified into three new distinct categories based on
	the Company’s main operating activities.
	 Management Performance Measures (MPM): The new
	standard introduces the definition of management
	performance measures and requires companies to explain,
	in a single note to the financial statements, why each
	measure provides useful information, how it is calculated,
	and how it reconciles with amounts recognized under
	IFRS standards.
	 More disaggregated information: The new standard
	includes guidance on how companies should enhance the
	grouping of information in financial statements. This
	includes guidance on whether information should be
	included in the primary financial statements or further
	disaggregated in the notes.

The Consolidated Company is currently evaluating the impact of the above standards and interpretations on its financial position and operating results, and will disclose the relevant impacts upon completion of the evaluation.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

The Consolidated Company expects the following unapproved new standards and amendments will not have significant impact on the 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”, including the amendment to IFRS
‧ IFRS 19 “Subsidiaries without Public Accountability: Disclosures”
‧ Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments,” relating to the application guidance in Section 3.1 and 3.3 of IFRS 9 and the related disclosure requirements under IFRS 7
‧ Annual Improvements to IFRS Standards
‧ Amendments to IFRS 9 and IFRS 7 "Contracts Referencing Nature-dependent Electricity"

4. Summary of Significant Accounting Policies

(1) Statement of Compliance

These consolidated financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers (hereinafter referred to as “the Regulations”) and IAS 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission (FSC). These consolidated financial statements do not include all the disclosures required for full annual consolidated financial statements prepared in accordance with the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations and SIC Interpretations endorsed and issued into effect by the FSC (hereinafter referred to as “IFRS endorsed by the FSC”).

Except as described below, the significant accounting policies adopted in these consolidated financial statements are consistent with those in the 2024 consolidated financial statements. For related information, please refer to Note 4 of the 2024 consolidated financial statements.

(2) Merger Fundamentals
a. Subsidiaries Included in the Consolidated Financial Statements

The subsidiaries included in these consolidated financial statements are:

Name of Investor Subsidiary Name Business Nature	Percentage of Shares Held Explanation 2025.3.31 2024.12.31 2024.3.31
The Company Innovative Systems Integration Limited (Innovative Systems) Professional investment The Company Ennoconn International Investment Co., Ltd. (Ennoconn International) Professional investment The Company Ennoconn Investment Holdings Co., Ltd. (EIH) Professional Investment The Company and EIH AIS Cayman Technology (AIS Cayman) Professional investment	100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Name of Investor	Subsidiary Name	Business Nature	Percentage of Shares 2025.3.31 2024.12.31	Percentage of Shares 2025.3.31 2024.12.31	Held 2024.3.31	Explanation
The Company	Ennoconn Solutions Singapore Pte.	Cloud-based Artificial	100.00%	100.00%	-	Note 6
	Ltd. (ESS)	Intelligence Services
EIH	Ennoconn Hungary KFT	Manufacturing and marketing of	100.00%	100.00%	100.00%
		industrial computers
The Company and	Caswell Inc. and its Subsidiaries	Electronic components, computer	31.70%	31.70%	31.70%	Note 1
Ennoconn	(Caswell and its Subsidiaries)	and peripheral equipment
International		manufacturing, electronic
		material wholesale, and
		information software services
Innovative	Nanjing Asiatek Inc. (Nanjing	Engaging in research,	100.00%	100.00%	100.00%
Systems	Asiatek)	development, and sales of
		software and hardware products,
		as well as providing installation,
		debugging, and technical
		consulting services.
Innovative	ENGA Technology Co., Ltd.	Wholesale, manufacturing,	-	-	100.00%	Note 7
Systems	(ENGA)	service, import and export of
		software and hardware related to
		industrial computers and
		industrial control systems
Innovative	Ennoconn (Suzhou) Technology Co.,	R&D, production, and sales of	100.00%	100.00%	100.00%
Systems	Ltd. (Ennoconn (Suzhou))	industrial computers
Innovative	Victor Plus Holdings Ltd. (Victor	Import and export trading	100.00%	100.00%	100.00%
Systems	Plus)
Innovative	Suzhou HuaShiDa Intelligent	Manufacture of intelligence	100.00%	100.00%	100.00%
Systems	Technology Co., Ltd.	vehicle equipment
Ennoconn	Ennoconn (Kunshan) Technology	Intelligent technology	70.00%	70.00%	70.00%
(Suzhou)	Co., Ltd. (Ennoconn (Kunshan))	development and hardware sales
Ennoconn	Ennoconn Investment Co., Ltd.	Professional investment	100.00%	100.00%	100.00%
(Suzhou)	(Ennoconn Investment)
Ennoconn	Ennoconn Malaysia SDN. BHD.	R&D, production, and sales of	100.00%	100.00%	100.00%
(Suzhou)		industrial computers
Ennoconn	Zhongsheng Huachi New Energy	Charging Pile	40.00%	-	-	Note 14
(Suzhou)	(Suzhou) Co., Ltd. and its
	Subsidiaries
Ennoconn	Jiangsu Heguangshidu Intelligent	Material handling equipment	52.00%	-	-	Note 20
(Suzhou)	Equipment Co., Ltd.
Ennoconn	Ennoconn (Foshan) Investment	Professional investment	100.00%	100.00%	100.00%
(Suzhou) and	Holdings Co., Ltd. (Ennoconn
Ennoconn	(Foshan))
Ennoconn	Goldtek Technology Co., Ltd. and	Wholesale and retail of	56.74%	56.74%	56.74%
International	its Subsidiaries (Goldtek and its	telecommunications control RF
	Subsidiaries)	equipment input and information
		software
Ennoconn	EnnoMech Precision (Cayman) Co.,	Professional investment	100.00%	100.00%	100.00%
International	Ltd.
Ennoconn	ENNOWYSE CORPORATION	Research, design and sales of	100.00%	100.00%	100.00%
International		mobile payment, electronic
		signature, and information
		security products
Ennoconn	Thecus Technology Corp.	Electronic components, computer	60.00%	60.00%	60.00%
International		and peripheral equipment
		manufacturing, electronic
		material wholesale, and
		information software services

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Name of Investor	Subsidiary Name	Business Nature	Percentage of Shares 2025.3.31 2024.12.31	Percentage of Shares 2025.3.31 2024.12.31	Held 2024.3.31	Explanation
Ennoconn	Dexatek Technology Ltd.	Multimedia product R&D and	53.11%	55.01%	56.00%
International		design and manufacturing
		business
Ennoconn	Marketech International Corp. and	High-tech industry plant	41.28%	41.46%	41.50%	Note 2 and
International	its Subsidiaries (Marketech and its	operations and manufacturing				Note 22
	Subsidiaries)	system planning and integration
		services
Ennoconn	Poslab Technology Corporation	Manufacturing, wholesale and	70.00%	70.00%	70.00%
International	(Poslab)	sales of electronic and peripheral
		equipment
Ennoconn	EnnoRise Corporation	Other power generation,	60.00%	60.00%	60.00%
International		transmission and distribution
		machinery manufacturing
Ennoconn	Ennoconn`（`Vietnam`）`Co., Ltd	Import and export trading	-	-	100.00%	Note 3
International
Ennoconn	Ennoconn Solutions Singapore	Cloud-based Artificial	-	-	-	Note 6
International	Pte. Ltd. (K$)	Intelligence Services
Ennoconn	E-Rich Electricity Co., Ltd (E-Rich)	Other power generation,	100.00%	100.00%	-	Note 8
International		transmission and distribution
		machinery manufacturing
Ennoconn	Ennotech Vietnam Company	Production and sales of industrial	100.00%	100.00%	-	Note 9
International	Limited (Ennotech)	computers
Ennoconn	Ennoconn Solutions`（`Thailand`）`	General trading company	100.00%	100.00%	-	Note 10
International	Co. Ltd.
Ennoconn	DuDoo Ltd. and its Subsidiaries	Professional investment	44.94%	-	-	Note 18
Ennoconn	Renown Information Technology	Electronic components, computer	36.93%	36.95%	36.95%	Note 4
International,	Corp. (Renown Information	and peripheral equipment
Caswell,	Technology)	manufacturing, electronic
Marketech and		material wholesale, and
Goldtek		information software services
Ennoconn	Kontron AG and its Subsidiaries	Information system software and	28.64%	28.64%	28.51%	Note 5 and
Ennoconn	Ennoconn India Corporation Private	Production and sales of industrial	100.00%	-	-	Note 17
International and	Limited	computers
AIS Cayman	American Industnial Systems Inc.	Human-machine interface,	100.00%	100.00%	100.00%
	(AIS)	industry 4.0, and other related
		products
AIS Cayman	Vecow Co., Ltd	Manufacture, processing, trading	100.00%	100.00%	100.00%
		and import/export of
		telecommunication machinery
		equipment, electronic equipment
		and electronic devices, etc.
EnnoMech	EnnoMech Precision Co., Ltd.	Electronic components, computer	100.00%	100.00%	100.00%
(Cayman)		and peripheral equipment
		manufacturing, electronic
		material wholesale, and
		information software services
EnnoMech	HighAim Technology Inc.	Professional investment	67.65%	67.65%	67.65%	Note 22
(Cayman)	(HighAim)
HighAim	Highaim Technology Inc. and its	Design, research and	100.00%	100.00%	100.00%	Note 22
	Subsidiaries	development, and production of
		various molds, servers, and
		communication equipment
HighAim	Andrix International LTD.	Import and export trading	100.00%	100.00%	100.00%	Note 22
HighAim	Funology Investment Inc	Import and export trading	100.00%	100.00%	100.00%	Note 22

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Name of	Investor Subsidiary Name Business Nature Percentage of Shares Held Explanation 2025.3.31 2024.12.31 2024.3.31
HighAim	Powerwin (Cayman) Tech Group Professional investment 100.00% - - Note 21 and
	Limited Note 22
ENNOWYSE HCT capital Management General investment and - - 40.00% Note 12
CORPORATIO Consulting Co., Ltd. (HCT) investment consultancy
N
ESS	Nera Telecommunications Ltd and Network infrastructure, wireless 63.77% 63.77% - Note 11
	its Subsidiaries (Nera and its communication solutions, and
	subsidiaries) information security services
ESS	Ennoconn Australia Pty Ltd and its Sales of industrial computers 99.97% 99.97% - Note 13 and
	Subsidiaries Note 22
ESS	Ennoconn Philippines Pty. Ltd. R&D of industrial computers 100.00% - - Note 15 and
	Note 22
ESS	Vecow Japan Co., Ltd. Telecommunication machinery 100.00% - - Note 19 and
	equipment, electronic equipment Note 22
	and electronic devices
ESS	Ennoai Solutions Singapore Pte. Ltd. General trading company 100.00% - - Note 16 and
	Note 22
Note 1:	The Company and Ennoconn International hold 27.27% and 4.43% of the shares, respectively. The Consolidated Company obtained majority voting
	rights on the Board of Directors of Caswell Inc., giving it the power to direct personnel, financial and operational decisions, therefore it is listed as a
	subsidiary.
Note 2:	The Consolidated Company, considering the relative proportion of voting rights held by other shareholders, is determined to have substantive control and
	is therefore listed as a subsidiary. During the holding period, the shareholding percentage decreased due to the exercise of conversion rights by holders of
	the Company’s convertible bonds.
Note 3:	The Consolidated Company established the entity in January 2024 to engage in import and export trading activities. However, considering operational
	needs, the Ccompany proceeded with liquidation and dissolution in October of the same year.
Note 4:	As of the three months ended March 31, 2025, due to the partial conversion of the convertible corporate bonds issued by Marketech into common shares,
	the Consolidated Company’s indirect shareholding in Renown Information has decreased to 36.93%.
Note 5:	The Company is a publicly listed company in Frankfurt, Germany and serves as the holding company of the group. Since the Company’s shareholding
	structure is dispersed, and the Consolidated Company’s shareholding ratio is relatively significant compared to other shareholders, being the largest
	shareholder and obtaining more than half of the board seats, it has substantial control. Therefore, it is listed as a subsidiary. During the holding period, the
	consolidated shareholding ratio increased due to Kontron AG’s execution of treasury stock buyback.
Note 6:	For the development of cloud intelligence services, the Consolidated Company was established in June 2024, and considering operational needs, it became
	directly held by the Company in August 2024.
Note 7:	The Company was liquidated and dissolved in May 2024.
Note 8:	The Consolidated Company was established in September 2024 for the development of other power generation, transmission and distribution machinery
	manufacturing.
Note 9:	To expand into the production and sales of industrial computers, the Consolidated Company entered into a share transfer agreement with Foxconn
	Technology Co., Ltd. in June 2024, and subsequently acquired 100% equity interest in FTC Technology Company Limited (later renamed Ennotech
	Vietnam Company Limited) in October 2024.
Note 10:	The Consolidated Company was established in June 2024 to engage in the production and sales of industrial computers.
Note 11:	To accelerate its expansion into the Southeast Asian market and strengthen its global channel integration capabilities, the Company’s Board of Directors
	resolved in September 2024 to acquire a 53.38% equity interest (193,173,439 shares) in Nera Telecommunications Ltd. (hereinafter referred to as
	“Nera”) from its major shareholder, Asia Systems Ltd., through its Consolidated Subsidiary ESS, at a price of SGD 0.075 per share. The total transaction
	amount was approximately SGD 14,488 thousand. Subsequently, the Consolidated Company conducted a public tender offer in the market. As of the
	end of October 2024 (the closing date of the tender offer), it had acquired a total of 63.77% of Nera’s shares, becoming Nera’s largest shareholder.
Note 12:	The company was liquidated and dissolved in November 2024.
Note 13:	The Consolidated Company was established in November 2024 to engage in the sales of industrial computers.
Note 14:	To develop charging pile technologies, the Consolidated Company acquired a 40% equity interest in Zhongsheng Huachi New Energy (Suzhou) Co., Ltd.
	in January 2025.
Note 15:	The Consolidated Company was established in January 2025 to engage in the R&D of industrial computers.
Note 16:	The Consolidated Company was established in January 2025 to engage in the production and sales of industrial computers.
Note 17:	The Consolidated Company was established in January 2025 to engage in the production and sales of industrial computers.
Note 18:	To develop smart dining systems, the Consolidated Company entered into a share transfer agreement with Big Innovation Holdings in November 2024,
	and subsequently acquired a 44.94% equity interest in DuDoo Ltd. in January 2025.
Note 19:	To enhance operational synergy, reduce management costs, and improve operational efficiency, the Consolidated Company transferred all shares of its
	subsidiary, Vecow Japan Co., Ltd., held by Vecow, to ESS. The reference date for the share transfer transaction was March 1, 2025.
Note 20:	To expand into the production and sales of industrial computers, the Consolidated Company acquired a 52% equity interest in Jiangsu Heguangshidu
	Intelligent Equipment Co., Ltd. in March 2025.
Note 21:	The Consolidated Company was established in February 2025 for investment purposes.
Note 22:	The non-significant subsidiaries included in this Consolidated Financial Report, including the subsidiaries Marketech Integrated Pte. Ltd.`、`Headquarter
	International Ltd.`、`Tiger United Finance Ltd.`、`MIC-Tech Global Corp.`、`MIC-Tech Viet Nam Co., Ltd.`、`Marketech Engineering Pte. Ltd., Ezoom
	Information Inc. (Ezoom), Marketech Co., Ltd., Marketech Integrated Manufacturing Company Limited, Marketech International Sdn. Bhd., PT
	Marketech International Indonesia, Marketech Netherlands B.V., ADAT Technology Co., Ltd., Spiro Technology Systems Inc., Smart Group Solutions
	Corp. (SMSC), MIC Healthcare Korea Co., Ltd., Vertex Corporation, Marketech International Corp. Japan, Advanced Technology Matrix United
	Corporation, Marketech International Corporation Germany GmbH, MIC Industrial Viet Nam Co., Ltd., MarkeTop Smart Solutions Co., Ltd., Marketech
	International (Thailand) Corp., Ltd., PT Marketech International Indonesia, and Marketech Integrated Construction Co., Ltd., HighAim and its
	subsidiaries, as well as ESS's subsidiary Ennoconn Australia Pty Ltd and its subsidiaries, Ennoconn Philippines Pty. Ltd., Vecow Japan Co., Ltd., Ennoai
	Solutions Singapore Pte. Ltd. is based on their respective unaudited financial statements for the same period.

b. Subsidiaries Not Included in the Consolidated Financial Statements: None.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(3) Standards for Classifying Current and Non-Current Assets and Liabilities

Assets meeting one of the following conditions are recognized as current assets by the Consolidated Company, and other assets not belonging to current assets are recognized as non-current assets:

a. Those that are expected to be realized during the normal operating period of the Consolidated Company or intended to be sold or consumed;
b. The assets are held primarily for the purpose of transaction;
c. Liability will be repaid within twelve months after the reporting period; or
d. The asset is cash or a cash equivalent (as defined in the IAS 7), unless the asset is to be used for an exchange or to settle a liability, or otherwise remains restricted, at more than 12 months after the balance sheet date.

Assets meeting one of the following conditions are recognized as current liabilities by the Consolidated Company, and other liabilities not belonging to current liabilities are recognized as non-current liabilities:

a. It is expected that the liability will be settled in the normal operating cycle;
b. The liabilities are held primarily for the purpose of transaction;
c. The liability will be repaid within twelve months after the reporting period; or
d. At the end of the reporting period, it does not have the right to defer settlement of the liability for at least twelve months after the reporting period.
(4) Employee Benefits

For interim periods, the defined benefit plan pension is calculated based on the pension cost rate determined by actuarial calculation at the end of the prior fiscal year, using the period from the beginning of the year to the end of the current period as the basis, and adjusting for significant market fluctuations after the reporting date and significant curtailments, settlements or other significant one-time events.

(5) Income Tax

The Consolidated Company measures and discloses interim income tax expense in accordance with paragraph B12 of IAS 34 “Interim Financial Reporting”.

Income tax expense is measured by multiplying the pre-tax net profit for the interim reporting period by management’s best estimate of the average annual effective tax rate, and is fully recognized as the income tax expense for the period. The total estimated annual current income tax expense and deferred income tax expense are then allocated proportionately to current and deferred income tax expenses for the interim period.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Income tax expense recognized directly in equity or other comprehensive income items is measured using the applicable tax rate expected to apply when the related assets and liabilities are realized or settled, based on the temporary differences between the carrying amounts of the assets and liabilities for financial reporting purposes and their tax bases.

(6) Business Combinations

The Consolidated Company accounts for all business combinations using the acquisition method. Goodwill is measured as the fair value of the consideration transferred including the recognized amount of any non-controlling interest in the acquiree, less the net recognized amount of the identifiable assets acquired and liabilities assumed (generally at fair value). If the balance after deduction is negative, the Consolidated Company reassesses whether it has correctly identified all assets acquired and liabilities assumed before recognizing a gain from a bargain purchase in profit or loss.

Except for those related to the issuance of debt or equity instruments, transaction costs related to business combinations are recognized immediately as expenses of the Consolidated Company when incurred.

Non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation may be initially measured either at fair value or at the non-controlling interests’ proportionate share of the recognized amounts of the acquiree’s identifiable net assets. The choice of measurement basis is made on a transaction-by-transaction basis. Other types of non-controlling interests are measured at fair value or another measurement basis required by IFRS endorsed by the FSC.

In a business combination achieved in stages, the Consolidated Company remeasures its previously held equity interest in the acquiree at its acquisition-date fair value and recognizes any resulting gain or loss in profit or loss. Changes in the value of the acquiree’s equity interest recognized in other comprehensive income before the acquisition date are treated in the same way as if the Consolidated Company had directly disposed of the previously held equity interest. If disposal would require reclassification to profit or loss, such amount is reclassified to profit or loss.

If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Consolidated Company reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted retrospectively during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that date. The measurement period shall not exceed one year from the acquisition date.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

5. Significant Accounting Judgments, Estimates and Major Sources of Estimation Uncertainty

When preparing these consolidated financial statements in accordance with the Regulations and IAS 34 “Interim Financial Reporting” endorsed by the FSC, management is required to make judgments and estimates about the future (including climate-related risks and opportunities), which affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from estimates.

In preparing the consolidated financial statements, the significant judgments made by management in applying the Consolidated Company's accounting policies and the key sources of estimation uncertainty were consistent with those disclosed in Note 5 of the consolidated financial statements for the year ended December 31, 2024.

6. Explanation of Significant Accounts

(1) Cash and Cash Equivalents

2025.3.31 $ 41,284 21,813,640 1,856,210	2024.12.31 31,676 26,149,973 1,710,313	2024.3.31
		102,711 22,940,326 2,249,969
$ 23,711,134	27,891,962	25,293,006

Please refer to Note 6(26) for the disclosure of interest rate risk and sensitivity analysis of the financial assets and liabilities of the Consolidated Company.

(2) Financial Assets and Liabilities Measured at Fair Value through Profit or Loss

2025.3.31 $ 3,451 - 553,931 1,506,261 388,995 4,573	2024.12.31 4,690 - 499,113 1,438,364 403,861 -	2024.3.31
		7,676 3,707 251,873 1,572,724 405,221 4,450
2,457,211	2,346,028	2,245,651
$ 80,949 2,376,262	66,781 2,279,247	184,951 2,060,700
$ 2,457,211	2,346,028	2,245,651
$ 496 -	- -	- 24,990
$ 496	-	$ 24,990
$ 496	-	24,990

In accordance with the fair value remeasurement through profit or loss, the amount recognized under the other interests and losses. Please refer to Note 6(25) for details.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

None of the Consolidated Company’s financial assets measured at fair value through profit or loss were pledged as collateral or restricted.

The purpose of engaging in derivative financial instrument transactions is to hedge against exchange rate and interest rate risks arising from operating, financing, and investing activities. As hedge accounting is not applied, the Consolidated Company classifies the related derivatives as financial assets mandatorily measured at fair value through profit or loss and financial liabilities held for trading. The details are as follows:

	2025.3.31
Notional Amount (in NT$ thousand) SGD 2,701/USD 2,000	Currency Maturity Period SGD/USD 2025.02.06`〜`2025.08.05 2024.12.31	Maturity Period
Notional Amount (in NT$ thousand) None	Currency None 2024.3.31	Maturity Period
		None
Notional Amount (in NT$ thousand) None	Currency None	Maturity Period
		None

(3) Financial Assets Measured at Fair Value through Other Comprehensive Income

Equity Instruments Measured at Fair Value through Other Comprehensive Income `－` Listed Stocks `－` Unlisted and Emerging Stocks `－` Limited Partnership Non-Current	2025.3.31 $ 364,320 279,208 503,459	2024.12.31	2024.3.31 542,638 660,002 504,033 1,706,673 1,706,673
		381,616 289,411 492,913
	$ 1,146,987	1,163,940
	$ 1,146,987	1,163,940

a. Current equity investments measured at fair value through other comprehensive income

The Consolidated Company holds these equity instrument investments as long-term strategic investments and not for trading purposes, so they have been designated as measured at fair value through other comprehensive income.

The Consolidated Company invested in Foshan Zhaoke Innovation Intelligent Industry Investment Fund Partnership (hereinafter referred to as the Zhaoke Innovation Fund) in January 2017 and Guangdong Hongfu Xinghehongtu Entrepreneurship Investment Fund Partnership (hereinafter referred to as the Hongfu Xinghehongtu Fund) in May 2020. The duration of the Zhaoke Innovation Fund is seven years from the initial closing

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

date, with a possible two-year extension approved by the partners’ meeting. On December 31, 2024, the partners’ meeting further approved an extension until December 24, 2025. The duration of the Hongfu Xinghehongtu Fund is seven years from the initial closing date, with extensions approved by the partners’ meeting and not subject to the ten-year duration limit. Upon initial recognition, the Consolidated Company designated the investment in the limited partnership as a financial asset measured at fair value through other comprehensive income. According to the IFRS Q&A issued by the Accounting Research and Development Foundation on June 15, 2023, this financial asset cannot be designated as measured at fair value through other comprehensive income. However, according to the Financial Supervisory Commission's Q&A on whether the classification of financial assets for investment in limited partnerships should be applied retrospectively, for limited partnership investments before June 30, 2023, there is no need to apply the past classification retrospectively. Therefore, the Consolidated Company continues to recognize the Zhaoke Innovation Fund and Hongfu Xinghehongtu Fund as financial assets measured at fair value through other comprehensive income.

b. The Consolidated Company’s subsidiary Goldtek Technology’s financial assets measured at fair value through other comprehensive income in T-lamma Tech Co., Ltd. entered liquidation proceedings in June 2024, with accumulated net valuation loss of NT$47,608 thousand. The accumulated net loss has been transferred from other comprehensive income to retained earnings. The Consolidated Company recognized accumulated net valuation loss of NT$27,014 thousand based on its shareholding ratio.
c. In December 2024 and January 2025, the Consolidated Company’s subsidiary, Caswell, disposed of its equity investment in VEEA INC., which was measured at fair value through other comprehensive income. The disposal proceeds were NT$3,268 thousand and NT$3,766 thousand, respectively, with cumulative disposal losses of NT$1,678 thousand and NT$1,875 thousand. These cumulative losses were reclassified from other equity to retained earnings. Based on its ownership percentage, the Consolidated Company recognized cumulative disposal losses of NT$532 thousand and NT$594 thousand, respectively.
d. The Consolidated Company recognized dividend income of NT$0 thousand from the aforementioned equity instruments designated as at fair value through other comprehensive income for the three months ended March 31, 2025 and 2024.
e. For information on credit risk and market risk, please refer to Note 6(26).
f. None of the Consolidated Company’s financial assets measured at fair value through other comprehensive income were pledged as collateral or restricted.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(4) Notes Receivable and Accounts Receivable

Notes Receivable Accounts Receivable Accounts Receivable – Related Parties Less: Allowance for Loss	2025.3.31	2024.12.31 105,330 23,518,248 86,682 (1,523,904) 22,186,356	2024.3.31
	$ 121,228 23,426,351 52,777 (1,452,541)		216,945 20,575,523 133,426 (1,386,450)
	$ 22,147,815		19,539,444

For all notes receivable and accounts receivable, the Consolidated Company adopts the simplified approach to estimate expected credit losses, i.e., using the lifetime expected credit losses, for this measurement purpose, these notes receivable and accounts receivable are evaluated based on the shared credit risk characteristics representing the customers' ability to pay all amounts due in accordance with the contractual terms, and forward- looking information has been incorporated. The analysis of expected credit losses on the Consolidated Company's notes receivable and accounts receivable is as follows:

	2025.3.31	2025.3.31	Expected Credit Loss During the Allowance 78,888 13,678 113,032 102,135 44,914 583,526 516,368 1,452,541
Carrying Amount of Accounts and Notes Receivable $ 17,221,619 1,895,963 2,061,989 699,991 238,371 932,076 550,347 $ 23,600,356	Weighted Average Expected Credit Loss Rate
		0.46% 0.72% 5.48% 14.59% 18.84% 62.60% 93.83% 2024.12.31


Carrying Amount of Accounts and Notes Receivable		Weighted Average Expected Credit Loss Rate	Expected Credit Loss During the Allowance
		0.42% 2.50% 5.50% 14.30% 30.59% 68.21% 93.73% 2024.3.31	71,908 59,363 104,656 67,468 142,468 570,028 508,013
			1,523,904

Carrying Amount of Accounts and Notes Receivable $ 14,675,076 2,205,706 2,064,937 464,599 219,348 740,671 555,557 $ 20,925,894		Weighted Average Expected Credit Loss Rate	Expected Credit Loss During the Allowance
		0.21% 2.52% 5.82% 13.88% 25.53% 67.95% 100.00%	31,410 55,511 120,213 64,482 55,998 503,279 555,557
			1,386,450

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

The changes in the allowance for doubtful notes and accounts receivable of the Consolidated Company are as follows:

Beginning Balance Impairment Losses Recognized Reversal Impairment Loss The Amount Written Off as Uncollectible for the Fiscal Year Foreign Currency Translation Gains and Losses Ending Balance	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 1,523,904 77,465 (180,567) (231) 31,970	1,192,937 209,561 (32,652) (908) 17,512
	$ 1,452,541	1,386,450

For details on the pledge of the Consolidated Company’s accounts receivable as collateral for borrowings and performance guarantees, please refer to Note 8.

For other credit risk information, please refer to Note 6(26).

(5) Inventories

Raw Materials Raw Materials in Transit Work in Process Semi-Finished Products Finished Products Merchandise Inventory Less: Allowance for Inventory Market Price Decline	2025.3.31	2024.12.31 17,862,166 371,295 2,159,084 2,307,190 4,310,902 3,679,406 (2,611,714) 28,078,329	2024.3.31
	$ 19,264,060 300,804 2,094,117 2,610,706 4,820,823 3,884,398 (2,882,058)		20,094,129 246,027 1,880,063 2,439,140 3,989,725 2,855,568 (2,456,040)
	$ 30,092,850		29,048,612

The inventory costs recognized under operating costs and expenses for the periods from the three months ended March 31, 2025 and 2024, are as follows:

Reclassification of Inventories to Cost of Goods Sold upon Sale Gain from Price Recovery of Inventory Loss on Inventory Write-off Loss on Onerous Contracts Total	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 27,070,097 (100,652) 37,294 43,386	26,166,871 (64,369) 31,578 -
	$ 27,050,125	26,134,080

For the Consolidated Company’s inventories pledged as collateral, please refer to Note 8.

(6) Disposal Groups for Sale

On August 11, 2022, the Board of Directors of Kontron AG resolved to sell part of its IT service business, and on December 29, 2022, the deal passed antitrust review. Consequently, the assets and liabilities related to this business have been reported as a disposal group held

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

for sale. These assets and liabilities were fully disposed of on June 30, 2023. For the operating results and cash inflows of discontinued operations, please refer to Note 12(2).

(7) Investments Accounted for Using Equity Method

The investments of the Consolidated Company using the equity method on the reporting date are listed as follows:

Associate	2025.3.31	2024.12.31 624,262	2024.3.31
	$ 608,294		587,879

a. The Consolidated Company’s investment in Suzhou Huakeshi Technology Co., Ltd. in March 2024 was evaluated to result in a 32.00% shareholding with voting rights on a consolidated basis. Accordingly, the equity method was applied for the accounting of this investment.
b. The Consolidated Company’s investment in SDY Metal Industry Pte. Ltd. in September 2024 was evaluated to result in a 20.00% shareholding with voting rights on a consolidated basis. Accordingly, the equity method was applied for the accounting of this investment.
c. The associates accounted for using the equity method of the Consolidated Company are individually immaterial, and the aggregate financial information is as follows. These financial amounts are included in the consolidated financial statements of the Consolidated Company:

2025.3.31	2024.12.31	2024.3.31
$ 608,294	624,262	587,879
	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	(9,204) (315)	(8,543) 4,077
	(9,519)	(4,466)

d. Equity Method Investments Not Reviewed by Auditors

The equity method investments and the Consolidated Company’s share of their profit or loss and other comprehensive income were all calculated based on financial statements that have not been reviewed by auditors.

e. The investments using the equity method by the Consolidated Company are not pledged, guaranteed or restricted.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(8) Business Combinations

The Consolidated Company has expanded its group business through the acquisition of the following companies and obtained relevant development, design, and production technologies

Ennovision Inc. KATEK SEand its Subsidiaries Zhongsheng Huachi New Energy (Suzhou) Co., Ltd. and its Subsidiaries DuDoo Ltd.and its Subsidiaries ESCAT Dokumentenmanagement GmbH Jiangsu Heguangshidu Intelligent Equipment Co., Ltd.	Main Operating Activities Date of Acquisition Acquisition Ratio Consideration Transferred Fair Value
	Security surveillance video monitoring 2024.01 60.00 % 90,000 Information Services 2024.02 59.44 % 4,400,050 (Note1) Charging Pile 2025.01 40.00 % 7,796 (Note1) Software services 2025.01 44.94 % 25,000 (Note1) Document Management Services 2025.01 NA 40,063 (Note2) Material handling equipment 2025.03 52.00 % 11,315

Note 1: For details of subsidiaries, please refer to Table 9 – Re-Investment Information (excluding investees in Mainland China).

Note 2: The acquisition involved only a portion of its assets.

During the three months ended March 31, 2025, the Consolidated Company acquired Zhongsheng Huachi New Energy (Suzhou) Co., Ltd., Dudoo Ltd. and its subsidiaries, ESCAT Dokumentenmanagement GmbH, and Jiangsu Heguangshidu Intelligent Equipment Co., Ltd. Relevant information is as follows:

a. The major classes of consideration transferred and their fair values at the acquisition date are as follows:

				Jiangsu
	Zhongsheng Huachi New Energy (Suzhou) Co., Ltd.	DuDoo Ltd. and its Subsidiaries	ESCAT Dokumenten management GmbH	Heguangshidu Intelligent Equipment Co.,
				Ltd.
Consideration Transferred Cash (Note)	$ 7,796	25,000	40,063	11,315

Note: The consideration transferred for the acquisition of a 44.94% equity interest in Dudoo Ltd. and its subsidiaries was paid in 2024 and was recognized as prepaid investment as of December 31, 2024.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

b. The fair value of the identifiable net assets acquired and liabilities assumed:

Zhongsheng Huachi New Energy (Suzhou) Co., Ltd. $ 6,569 - 1,722 - 710 86	DuDoo Ltd. and its Subsidiaries 124,842 9,983 - 8,388 2,905 2,449 12,596	ESCAT Dokumenten management GmbH - 2,465 - - 4,165 -	Jiangsu Heguangshidu Intelligent Equipment Co., Ltd. 1,401 - 179 - 440 1,700
9,087	161,163	6,630	3,720
$ - - 126	37,428 4,604 599	258 - -	- - 124
126	42,631	258	124
9,213	203,794	6,888	3,844
- 2,530 - 37	74,263 13,485 20,087 3,500 24,096	3,277 - 1,416 -	- 1,522 - 8,012
2,567	135,431	4,693	9,534
- -	- 16,390	744 -	- -
-	16,390	744	-
2,567	151,821	5,437	9,534
$ 6,646	51,973	1,451	- 5,690

The fair value of the accounts receivable acquired from the companies in the merger transactions approximates the book value, and there were no expected uncollectible amounts as of the acquisition date.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

c. Goodwill

The goodwill recognized from acquisitions is as follows:

Consideration Transferred Less: The Fair Value of the Identifiable Net Assets (Liabilities) Acquired Plus: Non-Controlling Interests (Measured As the Proportionate Share of the Identifiable Net Assets of Non-Controlling Interests) Goodwill Arising from Acquisition	Zhongsheng Huachi New Energy (Suzhou) Co., Ltd. $ 7,796 6,646 3,988 $ 5,138	Dudoo Ltd. and its Subsidiaries 25,000 51,973 28,616 1,643	ESCAT Dokumenten management GmbH 40,063 1,451 - 38,612	Jiangsu Heguangshidu Intelligent Equipment Co., Ltd.
				11,315 (5,690) (2,731)
				14,274

The goodwill arising from acquisitions mainly comes from the control premium. Furthermore, the consideration paid for the merger includes expected merger synergies, revenue growth, and future market development. However, these benefits do not meet the recognition criteria for identifiable intangible assets, therefore they are not recognized separately.

d. From the acquisition date to March 31, 2025, the revenue and net income contributed by the acquired company are as follows:

Operating Revenue Net Profit (Loss) for the Period	Zhongsheng Huachi New Energy (Suzhou) Co., Ltd. $ 103	Dudoo Ltd. and its Subsidiaries	ESCAT Dokumenten management GmbH	Jiangsu Heguangshidu Intelligent Equipment Co., Ltd.
		44,963	-	-
	$ (1,553)	4,454	-	-

For the three months ended March 31, 2024, the Consolidated Company acquired Ennovision Inc., KATEK SE and its subsidiaries. The related information is as follows:

a. The major classes of consideration transferred and their fair values at the acquisition date are as follows:

Consideration Transferred Cash (Note)	Ennovision Inc. $ 90,000	KATEK SE and its Subsidiaries
		4,400,050

Note: The consideration transferred for the acquisition of a 59.44% equity interest in KATEK SE and its subsidiaries included an amount of NT$1,325,650 thousand (EUR 38,807 thousand) recognized under “Other Payables,” which remained unpaid as of March 31, 2024

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

b. The fair value of the identifiable net assets acquired and liabilities assumed:

Current Assets Cash and Cash Equivalents Financial Assets Measured at Fair Value through Profit or Loss -- Current Net Accounts Receivable Other Receivables Inventories Other Current Assets Total Current Assets Non-Current Assets Financial Assets Measured at Fair Value through Other Comprehensive Income - Non-Current Financial Assets Measured at Amortized Cost - Non-Current Property, Plant, and Equipment Right-of-Use Assets Other Intangible Assets Deferred Income Tax Assets Other Non-Current Assets Total Non-Current Assets Total Assets Current Liabilities Short-Term Borrowings Contract Liability -- Current Accounts Payable Other Payables Current Income Tax Liabilities Provisions for Liabilities - Current Lease Liabilities - Current Other Current Liabilities Total Current Liabilities Non-Current Liabilities Long-Term Loans Provisions for Liabilities - Non-Current Deferred Income Tax Liabilities Lease Liabilities - Current Other Non-Current Liabilities Total Non-Current Liabilities Total Liabilities Identifiable Net Assets (Liabilities) at Fair Value	Ennovision Inc. KATEK SE and its Subsidiaries	Ennovision Inc. KATEK SE and its Subsidiaries
	$ 79,713 - 34,254 - 9,324 2,534	864,203 1,456 2,138,488 212,174 7,166,894 278,510
	125,825	10,661,725
	$ - - - - 34,864 - - 34,864 160,689 $ - - 29,700 1,167 - - - -	62,296 9 2,809,340 1,743,849 1,799,754 222,547 37,340 6,675,135 17,336,860 860,901 782,876 3,601,928 1,183,211 39,780 555,240 1,134,871 27,363
	30,867	8,186,170
	$ - - - - -	2,642,246 205,400 255,799 733,249 1,010,243
	-	4,846,937
	30,867	13,033,107
	$ 129,822	4,303,753

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

c. Goodwill

The goodwill recognized from acquisitions is as follows:

Consideration Transferred Less: The Fair Value of the Identifiable Net Assets (Liabilities) Acquired Plus: Non-Controlling Interests (Measured As the Proportionate Share of the Identifiable Net Assets of Non-Controlling Interests) Goodwill Arising from Acquisition	Ennovision Inc. $ 90,000 129,822 51,929	KATEK SE and its Subsidiaries
		4,400,050 4,303,753 1,745,389
	$ 12,107	1,841,686

d. From the acquisition date to March 31, 2024, the revenue and net income contributed by the acquired company are as follows:

Operating Revenue Net Profit (Loss) for the Period	Ennovision Inc.	KATEK SE and its Subsidiaries
	$ 7,710
		2,035,167
	$ (2,936)	37,588

(9) Changes in Ownership Interests in Subsidiaries

During January 1 to March 31, 2025 and 2024, the Consolidated Company had the following transactions that changed its ownership interest in subsidiaries without losing control:

a. For the three months ended March 31, 2025 and 2024, Marketech increased its share capital due to the conversion of convertible corporate bonds, resulting in a decrease in Ennoconn International's shareholding ratio from 41.46% to 41.28%, and from 42.32% to 41.50%, respectively.
b. For the three months ended March 31, 2024, Kontron AG implemented a buyback of treasury shares, resulting in EIH and Ennowell International increasing their combined shareholding from 27.64% to 28.51%.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

c. In May 2024, the Consolidated Company’s subsidiary, Kontron AG, acquired additional equity interest in KATEK SE for NT$2,105,131 thousand in cash, increasing its ownership from 59.4% to 87.36%. As this change in ownership interest did not result in a loss of control over the subsidiary, it was accounted for as an equity transaction with owners.
d. For the three months ended March 31, 2025 and 2024, due to the partial conversion of Renown Information's convertible corporate bonds into common stocks, which increased its equity, the Consolidated Company's indirect shareholding in Renown Information decreased from 36.95% to 36.93%, and from 37.06% to 36.95%, respectively.
e. In October 2024, Dexatek increased its capital through a cash injection, resulting in an increase in equity. As Ennoconn International did not subscribe in proportion to its shareholding, the Consolidated Company’s indirect ownership in Dexatek decreased from 56.00% to 55.01%.
f. In January 2025, Ennoconn disposed of its equity interest in Dexatek, resulting in a decrease in the Consolidated Company’s indirect ownership in Dexatek from 55.01% to 53.11%.
g. The list showing the effect of changes in ownership interests in the aforementioned subsidiaries due to the merger of the companies on the equity attributable to the Consolidated Company is as follows:

For the Three Months Ended March 31, 2025:

Cash Consideration Received (Paid) for the Carrying Amount of Subsidiaries’ Net Assets Amount Transferred to (from) Non-controlling Interests Based on Changes in Relative Ownership Interests Equity Trading Differences		Marketech $ - 26,417	Marketech $ - 26,417	KontronAG - 3,289	Caswell Inc. - (4)	Renown Information - (4)	Dexatek 36,300 (13,436)	Dexatek 36,300 (13,436)	Ennoconn (Suzhou) - (8,838)	Total 36,300 7,424
			$26,417	3,289	(4)	(4)		22,864	(8,838)	43,724

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

For the Three Months Ended March 31, 2024:

Amount of Subsidiaries’ Net Assets to Be Transferred to (from) Non-controlling Interests Based on Changes in Relative Ownership Interests Equity Trading Differences				Marketech $ - $ (90,985)	KontronAG - 3,393	Caswell Inc. - (6)	Renown Information - (43)	Total 36,300 (87,641)
					- 3
			$	(90,985)	3,393	(6)	(43)	(87,641)

The above difference in equity transactions is adjusted as capital surplus.

(10) Subsidiaries with Material Non-Controlling Interests

The non-controlling interests in subsidiaries that are material to the Consolidated Company are as follows:

are as follows:
Subsidiary Name	The country where the company is registered	Proportion of ownership interests and voting rights in major operating locations/non-controlling interests
		2025.3.31	2024.3.31
Caswell Inc. Kontron AG Marketech	Taiwan Austria Taiwan		68.30% 71.49% 58.50%

The summarized financial information for the above subsidiaries is as follows. This financial information is prepared in accordance with IFRS endorsed by the FSC, and reflects the fair value adjustments made by the Consolidated Company on the acquisition date and the adjustments made for differences in accounting policies. These amounts are before elimination of inter-company transactions:

a. Consolidated Financial Information of Caswell Inc. and its Subsidiaries

2025.3.31 $ 3,714,630 1,967,941 (1,321,756) (815,594)	2024.12.31	2024.3.31 3,659,649 2,018,646 (1,421,698) (804,398)
	3,676,894 1,989,205 (1,171,751) (818,364)
$ 3,545,221	3,675,984	3,452,199
$ 2,471,080	2,561,332	2,452,006

Operating Revenue Net Profit for the Period Other Comprehensive Income Total Comprehensive Income Net Profit for the Period Attributable to Non-Controlling Interests Total Comprehensive Income Attributable to Non-Controlling Interests	Three Months Ended March 31, 2025 $ 1,108,897	Three Months Ended March 31, 2024 839,358
	$ 83,452 (1,504)	63,953 7,109
	$ 81,948	71,062
	$ 57,871	31,028
	$ 56,310	36,444

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Cash Flows From Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities The Effect of Exchange Rate Fluctuations on Cash Amounts Increase in Cash and Cash Equivalents Dividends Paid to Non-Controlling Interests	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 350,725 (253) (162,151) 13,474	333,700 (23,888) (65,895) 5,786
	$ 201,795	249,703
	$ 145,286	140,278

b. Consolidated Financial Information of Kontron AG and its Subsidiaries

2025.3.31	2024.12.31	2024.3.31
$ 34,947,458 26,867,364 (22,333,334) (15,425,828)	36,834,634 25,426,210 (24,528,952) (15,463,127)	40,254,288 24,680,917 (28,455,720) (13,383,675)
$ 24,055,660	22,268,765	23,095,810
$ 19,416,940	18,108,481	19,203,898

Operating Revenue Net Profit for the Period Other Comprehensive Income Total Comprehensive Income Net Profit for the Period Attributable to Non-Controlling Interests Total Comprehensive Income Attributable to Non-Controlling Interests Cash Flows From Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities The Effect of Exchange Rate Fluctuations on Cash Amounts Increase (Decrease) in Cash and Cash Equivalents	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 13,332,590	12,164,743
	$ 696,761 (137,779)	573,484 51,745
	$ 558,982	625,229
	$ 449,547	367,021
	$ 783,881	521,857
	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ (34,510) (577,591) (3,059,763) (46,261)	(469,405) (2,618,057) 4,001,182 (96,303)
	$ (3,718,125)	817,417

c. Consolidated financial information of Marketech International Corp. and its Subsidiaries

Current Assets Non-Current Assets Current Liabilities Non-Current Liabilities Net Assets Ending Balance of Non-Controlling Interests	2025.3.31 $ 37,941,922 8,946,433 (27,863,056) (5,896,067) $ 13,129,232 $ 7,777,853	2024.12.31 37,953,602 8,703,721 (29,549,532) (5,081,921) 12,025,870 7,092,510	2024.3.31 37,421,327 7,704,542 (27,959,459) (5,296,010) 11,870,400 7,012,905

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Operating Revenue Net Profit for the Period Other Comprehensive Income Total Comprehensive Income Net Profit for the Period Attributable to Non-Controlling Interests Total Comprehensive Income Attributable to Non-Controlling Interests Cash Flows From Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities The Effect of Exchange Rate Fluctuations on Cash Amounts Decrease in Cash and Cash Equivalents	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 13,260,751	14,615,323
	$ 878,706 57,418 $ 936,124	476,154 82,641 558,795
	$ 510,612	266,776
	$ 552,854	315,749
	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 486,606 (368,363) (1,548,241) 89,272	1,451,464 (156,725) (1,738,848) 281,331
	$ (1,340,726)	(162,778)

(11) Property, Plant, and Equipment

The following are the details of the changes in the cost, depreciation, and impairment loss of property, plant, and equipment for the Consolidated Company:

Land	Buildings	Machinery	Leasehold Improvement	Others	Total
$ 942,712 - - - - 466	7,472,205 11,557 - (239) 1,001 165,866	7,010,928 173,438 258 (16,096) 16,404 285,958	227,989 5,805 - (2,030) 1,043 2,371	2,288,344 303,005 73,183 (15,918) 37,979 15,165	17,942,178 493,805 73,441 (34,283) 56,427 469,826
$ 943,178	7,650,390	7,470,890	235,178	2,701,758	19,001,394
$ 947,166 - - - (6,765) 1,439	6,282,171 10,551 601,297 (162) 63,254 59,409	3,923,670 134,759 1,884,950 (37,583) 10,554 83,663	85,491 3,190 - (114) 29,413 550	1,104,794 117,791 323,093 (43,616) (86,567) 10,404	12,343,292 266,291 2,809,340 (81,475) 9,889 155,465
$ 941,840	7,016,520	6,000,013	118,530	1,425,899	15,502,802
$ - - - - - -	2,539,248 70,561 - (34) - 35,951	3,189,048 242,337 - (8,122) (17,385) 117,440	72,206 11,301 - (2,030) 72 1,001	666,300 36,886 35,755 (13,403) 83,169 6,854	6,466,802 361,085 35,755 (23,589) 65,856 161,246
$ -	2,645,726	3,523,318	82,550	815,561	7,067,155
$ - - -	2,188,359 64,026 (146)	2,367,095 156,242 (29,369)	34,593 3,524 (114)	574,714 30,804 (42,293)	5,164,761 254,596 (71,922)

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Land	Machinery	Leasehold Improvement	Others	Total
- -	(1,988) 44,796	2,439 155	(453) 6,143	(2) 75,422
$ -	2,536,776	40,597	568,915	5,422,855
$ 942,712	3,821,880	155,783	1,622,044	11,475,376
$ 943,178	3,947,572	152,628	1,886,197	11,934,239
$ 941,840	3,463,237	77,933	856,984	10,079,947

Please refer to Note 8 for details on the real estate, plants and equipment of the Consolidated Company that were provided as collateral for the pledge.

(12) Intangible Assets

The cost and amortization details of the intangible assets of the Consolidated Company are as follows:

Goodwill	Patents	Computer Software	Customer Relationships	Others	Total
$ 16,405,389 - 59,667 - - 519,817	634,848 - 476 - - (2)	7,891,462 477,700 - (11,945) 338 306,923	3,317,161 - - - - 165,542	1,670,598 238 7,144 - - 81,638	32,241,552 477,938 69,192 (11,945) 338 1,182,476
$ 16,984,873	635,322	8,664,478	3,482,703	1,759,618	33,959,551
$ 14,532,167 - 1,853,793 - - 284,563	634,848 - 35,714 - - -	6,859,627 297,206 570,444 (114,350) 4 152,769	3,029,672 - - - - 26,007	1,456,134 2,000 957,226 (5,156) - 36,400	28,670,430 299,206 3,689,261 (119,506) 4 527,832
$ 16,670,523	670,562	7,765,700	3,055,679	2,446,604	33,067,227
$ 73,090 - - - 925	560,967 3,532 246 - (1)	3,283,280 189,909 - (1,519) 62,984	2,560,296 76,951 - - 132,591	1,143,380 47,273 3,691 - 62,389	8,392,030 334,130 4,921 (1,519) 285,624
$ 74,015	564,744	3,534,654	2,769,838	1,256,733	9,015,186
$ 68,504 - - - - 2,855	499,492 16,761 850 - - -	3,754,181 123,780 - (113,652) 2 101,204	2,294,927 62,569 - - - 19,234	926,600 58,339 - (5,156) - 22,427	8,236,664 283,682 850 (118,808) 2 151,474
$ 71,359	517,103	3,865,515	2,376,730	1,002,210	8,553,864
$ 16,332,299	73,881	4,608,182	756,865	527,218	23,849,522
$ 16,910,858	70,578	5,129,824	712,865	502,885	24,944,365
$ 16,599,164	153,459	3,900,185	678,949	1,444,394	24,513,363

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

a. Indefinite-lived Intangible Assets

Part of the trademarks of the Consolidated Company can be extended for the statutory period at a minimal cost. The Consolidated Company plans to continue applying for extensions of the statutory period and continue producing the product series. Therefore, it is expected that the trademarks will continue to generate net cash inflows, so they are considered intangible assets with indefinite useful lives.

b. Guarantees

The intangible assets of the Consolidated Company have not been provided as collateral.

(13) Right-of-Use Assets

The Consolidated Company leases land, buildings, machinery equipment, office equipment, transportation equipment and other equipment. The related information is as follows:

Land	Buildings	Machinery	Office Equipment	Transportation Equipment	Other Equipment	Total
$ 1,904,841 2,157 - - 1,207	7,318,756 220,268 (144,828) - 238,256	12,327 - - - 143 12,470	245,329 4,218 (1,533) 11,790 14,183	852,562 50,354 (23,728) - 43,195	183 138 (85) - -	10,333,998 277,135 (170,174) 11,790 296,984
$ 1,908,205	7,632,452		273,987	922,383	236	10,749,733
$ 1,851,776 85,432 - - - 2,702	4,843,779 172,330 (26,093) 1,344,322 - 106,857	1,711 - - - - 3 1,714	31,594 6,352 (2,945) 399,527 (5,255) 4,155	739,659 65,321 (31,823) - - 878	207 - - - - -	7,468,726 329,435 (60,861) 1,743,849 (5,255) 114,595
$ 1,939,910	6,441,195		433,428	774,035	207	9,590,489
$ 229,067 9,264 - - 265	2,981,711 316,271 (92,594) - 99,002	5,314 669 - - 64 6,047	102,676 19,708 (745) 2,954 6,648	397,687 49,410 (20,347) - 21,174	139 15 (85) - -	3,716,594 395,337 (113,771) 2,954 127,153
$ 238,596	3,304,390		131,241	447,924	69	4,128,267
$ 192,030 9,016 - 336	1,997,020 292,786 (25,945) 37,618	564 131 - - 695	19,754 13,347 (2,945) 643	364,912 40,435 (25,873) (297)	95 18 - -	2,574,375 355,733 (54,763) 38,300
$ 201,382	2,301,479		30,799	379,177	113	2,913,645
$ 1,675,774	4,337,045	7,013	142,653	454,875	44	6,617,404
$ 1,669,609	4,328,062	6,423	142,746	474,459	167	6,621,466
$ 1,738,528	4,139,716	1,019	402,629	394,858	94_	6,676,844

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(14) Other Current Assets and Other Non-Current Assets

2025.3.31	2024.12.31 1,437,420 45,247 2,146,848 266,317 442,833 29,473 50,636 2,120,657	2024.3.31
$ 1,604,161 37,863 2,058,799 273,980 635,592 27,833 55,307 2,735,345		975,973 106,371 2,074,725 261,054 691,200 35,548 29,705 2,758,140
$ 7,428,880	6,539,431	6,932,716
$ 6,337,618 1,091,262	5,476,506 1,062,925	5,921,243 1,011,473
$ 7,428,880	6,539,431	6,932,716

For details on other current assets and other non-current assets of the Consolidated Company pledged as collateral for borrowings, please refer to Note 8.

(15) Short-Term Borrowings

2025.3.31	2024.12.31 12,201,267 1,828,197	2024.3.31
$ 8,077,301 1,788,529		10,893,338 883,402
$ 9,865,830	14,029,464	11,776,740
$ 65,464,876	44,107,819	38,420,680
1.00%~24.50%	1.00%~24.50%	0.97%~12.39%

a. Issuance and Repayment of Loans

The Consolidated Company had no significant issuance, repurchase, or repayment of short-term borrowings for the three months ended March 31, 2025 and 2024. For interest expenses, please refer to Note 6(25).

b.
Collateral for Bank Loans

For assets pledged as collateral for bank borrowings by the Consolidated Company, please refer to Note 8.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(16) Long-Term Borrowings

2025.3.31

2025.3.31	2025.3.31	2025.3.31	2025.3.31
Interest Rate Range (%) Expiration Year Amount Unsecured Bank Borrowings 1.10%~5.53% 2029~2035 $12,207,439 Secured Bank Borrowings 2.12%~4.00% 2025~2043 2,061,789 Subtotal 14,269,228 Less: Portion due within one year (2,582,009) Total $11,687,219 2024.12.31 Interest Rate Range (%) Expiration Year Amount Unsecured Bank Borrowings 0.97%`〜`5.53% 2028`〜`2029 $ 11,313,986 Secured Bank Borrowings 0.50%`〜`4.09% 2030`〜`2043 2,087,327 Subtotal 13,401,313 Less: Portion due within one year (2,379,593) Total $ 11,021,720 2024.3.31 Interest Rate Range (%) Expiration Year Amount Unsecured Bank Borrowings 0.50%`〜`5.30% 2026~2028 $ 12,134,250 Secured Bank Borrowings 0.40%`〜`9.00% 2030~2043 2,523,265 Subtotal 14,657,515 Less: Portion due within one year (5,992,572) Total $ 8,664,943 a. The Consolidated Company complied with the relevant contractual terms as of Marc 31, 2025, and therefore classified the borrowing as a non-current liability. Th Consolidated Company expects to comply with the relevant contractual terms at the en of each quarter for at least twelve months after the reporting date. b. For assets pledged as collateral for bank borrowings by the Consolidated Company please refer to Note 8. Corporate Bonds Payable The balance of corporate bonds payable for the Consolidated Company is as follows: 2025.3.31 2024.12.31 2024.3.31 The 1st Privately Placed Unsecured Convertible Corporate Bonds $ 1,489,846 1,488,067 1,482,744 The 4th Domestic Unsecured Convertible Corporate Bonds 22,730 23,164 122,170 The 4th Domestic Unsecured Convertible Corporate Bonds 2,927,635 2,914,701 2,876,429 Subsidiary's Unsecured Convertible Corporate Bonds 2,327,772 2,434,568 2,402,207 Ending Balance of Corporate Bonds Payable $ 6,767,983 6,860,500 6,883,550 Embedded Derivatives – Call and Put Options (classified under Financial Assets Measured at Fair Value Through Profit or Loss) $ 3,451 4,690 7,676 Equity Component of Conversion Rights (classified under Capital Surplus – Stock Options) $ 202,715 202,739 207,788
			1,482,744 122,170 2,876,429 2,402,207
	$ 6,767,983	6,860,500	6,883,550
	$ 3,451	4,690	7,676
	$ 202,715	202,739	207,788

a. The Consolidated Company complied with the relevant contractual terms as of March 31, 2025, and therefore classified the borrowing as a non-current liability. The Consolidated Company expects to comply with the relevant contractual terms at the end of each quarter for at least twelve months after the reporting date.
b. For assets pledged as collateral for bank borrowings by the Consolidated Company, please refer to Note 8.

(17) Corporate Bonds Payable

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

a. To strengthen operational development and plan for introducing long-term strategic investment partners, the Company issued its first private unsecured convertible bonds on September 2, 2021. The issuance details are as follows:
(a) Total issuance: NT$1,500,000 thousand
(b) Face value: NT$100 thousand each
(c) Coupon rate: 0%
(d) Effective Interest Rate: 0.479%
(e) Book Value at Issuance: NT$1,464,589 thousand
(f) Term: 2021.09.02 - 2026.09.02
(g) Conversion Period:

Except for the suspension period of conversion, the creditors may at any time request that the convertible corporate bonds held be converted into the common stocks of the Company from the following day after three months of issuance date (December 3, 2021) to the expiration date September 2, 2026, in accordance with the regulations on corporate bond conversion. The suspension period of conversion is as follows:

i. During the book closure period, the transfer of common stocks is suspended in accordance with the law.
ii. The period from 15 business days prior to the book closure date for stock dividends, cash dividends, or cash capital increase subscription, up to the record date for rights distribution.
iii. The date of capital reduction is cut off one day before the commencement of capital reduction.
iv. Other suspension periods of stock transfer by law.
(h) Conversion Price and its Adjustment:

The initial conversion price was set at NT$220.7. Due to increases in the Company’s issued ordinary shares, the conversion price was adjusted according to Article 11 of the Company’s Domestic Private Unsecured Convertible Bonds Issuance and Conversion Rules. As of March 31, 2025, the conversion price was adjusted to NT$190.1.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(i) Redemption Rights of Creditors:

30 days prior to 3 years after the issuance of corporate bonds (September 2, 2024), bondholders may notify the Company in written to redeem the convertible bonds in cash at face value according to the Conversion Rules.

(j) The Company’s Redemption Right:

From the day after the issuance of corporate bonds for 3 years (September 3, 2024) to 40 days before the maturity date (July 24, 2026), if the closing price of the Company’s common stocks exceeds the current conversion price for 30 consecutive business days for up to 30%, or the outstanding balance of the convertible corporate bonds is less than 10% of the original total amount of the issuance, the Company may notify the bondholders in accordance with the regulations of conversion method and call back all the corporate bonds by cash at par value.

(k) Redemption upon Maturity of Bonds:

Unless the bonds have been redeemed, repurchased and cancelled, or the bondholders have exercised their conversion rights, the Company will redeem all bonds in cash at face value on the maturity date.

These convertible bonds include liability and equity components, with the equity component presented as capital surplus – stock options in equity. The liability components are the liabilities of embedded derivative financial products and nonderivative financial products. The measured amount of derivative financial liabilities on March 31, 2025 is NT$2,400 thousand at fair value cost and nonderivative financial liabilities on March 31, 2025 is NT$1,489,846 thousand at amortized cost, and its effective interest rate initially recognized is 0.479%.

Issue Proceeds (Less Transaction Costs of NT$165 thousand) Equity Components Current portion of long-term liabilities (including payable corporate bonds of NT$1,464,589 thousand and non-current financial liabilities at fair value through profit or loss of NT$150 thousand) Interest Calculated at Effective Interest Rate of 0.479% Gain on Valuation of Financial Product Liability Components as of March 31, 2025	$ 1,499,835 (35,396)
	1,464,439 25,257 (2,250)
	$ 1,487,446

Issue Proceeds (Less Transaction Costs of NT$165 thousand)
Equity Components
Current portion of long-term liabilities (including payable corporate
bonds of NT$1,464,589 thousand and non-current financial
liabilities at fair value through profit or loss of NT$150 thousand)
Interest Calculated at Effective Interest Rate of 0.479%
Gain on Valuation of Financial Product
Liability Components as of March 31, 2025

$ 1,499,835
(35,396)

1,464,439
25,257
(2,250)

$
1,487,446

b. To strengthen its working capital and repay borrowings, the Company issued its 4th domestic unsecured convertible bonds on November 16, 2021. The issuance details are as follows:

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(a) Total issuance: NT$1,000,000 thousand
(b) Face value: NT$100 thousand each
(c) Coupon rate: 0%
(d) Effective Interest Rate: 0.9994%
(e) Book Value at Issuance: NT$951,494 thousand
(f) Term: 2021.11.16 - 2026.11.16
(g) Conversion Period:

Except for the suspension period of conversion, the creditors may at any time request that the convertible corporate bonds held be converted into the common shares of the Company from the following day after three months of issuance date (February 17, 2022) to the expiration date November 16, 2026, in accordance with the Regulations on Corporate Bond Conversion. The suspension period of conversion is as follows:

i. During the book closure period, the transfer of common stocks is suspended in accordance with the law.
ii. The period during which the Company applies to the Taipei Exchange for book closure dates for ex-rights/ex-dividend for bonus shares, cash dividends, or capital increase, starting from 15 business days before the book closure date until the record date for distribution of rights.
iii. The date of capital reduction is cut off one day before the commencement of capital reduction.
iv. Other suspension periods of stock transfer by law.
(h) Conversion Price and its Adjustment:

The conversion price at the time of initial issuance is set at NT$221.1. In the event of an increase in the shares of the Company's issued common stocks, the conversion price shall be adjusted under Article 12 of the Company's Regulations on Issuance and Conversion of Domestic Unsecured Convertible Corporate Bonds. As of March 31, 2025, the conversion price was adjusted to NT$195.7.

(i) Redemption Rights of Creditors:

30 days before the bonds have been issued for three years (November 16, 2024), bondholders may request the Company to redeem the convertible bonds in cash at face value according to the conversion rules.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(j) The Company’s Redemption Right:

From the day following three years after issuance (November 17, 2024) to 40 days before maturity (October 7, 2026), if the closing price of the Company’s common shares exceeds 30% of the conversion price for 30 consecutive business days, or if the outstanding balance of the convertible bonds is less than 10% of the original total issued amount, the Company may notify bondholders to redeem all bonds in cash at face value according to the conversion rules.

i. Redemption upon Maturity of Bonds:

These convertible bonds include liability and equity components, with the equity component presented as capital surplus – stock options in equity. The liability components are the liabilities of embedded derivative financial products and non-derivative financial products. The measured amount of derivative financial liabilities on March 31, 2025 is NT$37 thousand at fair value cost and non-derivative financial liabilities on March 31, 2025 is NT$22,730 thousand at amortized cost, and its effective interest rate initially recognized is 0.9994%.

recognized is 0.9994%.
Issue Proceeds (Less Transaction Costs of NT$3,480 thousand) Equity Components Current portion of long-term liabilities (including payable corporate bonds of NT$951,494 thousand and non-current financial liabilities at fair value through profit or loss of NT$598 thousand) Interest Calculated at Effective Interest Rate of 0.9994% Gain on Valuation of Financial Product Converting Corporate Bonds Payable into Common Stock Liability Components as of March 31, 2025	$ 1,001,520 (49,428)
	952,092 18,243 (60) (947,582)
	$ 22,693

c. To strengthen its working capital and repay borrowings, the Company issued its 5th domestic unsecured convertible bonds on August 16, 2023. The issuance details are as follows:
(a) Total issuance: NT$3,000,000 thousand
(b) Face value: NT$100 thousand each
(c) Coupon rate: 0%

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(d) Effective Interest Rate: 1.787%
(e) Book Value at Issuance: NT$2,844,753 thousand
(f) Term: 2023.08.16 - 2026.08.16
(g) Conversion Period:

Except for the suspension period of conversion, the creditors may at any time request that the convertible corporate bonds held be converted into the common stocks of the Company from the following day after three months of issuance date (November 17, 2023) to the expiration date August 16, 2026, in accordance with the regulations on corporate bond conversion. The suspension period of conversion is as follows:

i. During the book closure period, the transfer of common stocks is suspended in accordance with the law.
ii. The period during which the Company applies to the Taipei Exchange for book closure dates for ex-rights/ex-dividend for bonus shares, cash dividends, or capital increase, starting from 15 business days before the book closure date until the record date for distribution of rights.
iii. The date of capital reduction is cut off one day before the commencement of capital reduction.
iv. Other suspension periods of stock transfer by law.
(h) Conversion Price and its Adjustment:

Due to increases in the Company’s issued ordinary shares, the conversion price was adjusted according to Article 12 of the Company’s Regulations Governing Domestic Unsecured Convertible Bonds Issuance and Conversion. As of December 31, 2024, the conversion price was adjusted to NT$285.1.

(i) The Company’s Redemption Right:

From the day after the issuance of corporate bonds for 3 months (November 17, 2023) to 40 days before the maturity date (July 7, 2026), if the closing price of the Company’s common stocks exceeds the current conversion price for 30 consecutive business days for up to 30%, or the outstanding balance of the convertible corporate bonds is less than 10% of the original total amount of the issuance, the Company may notify the bondholders in accordance with the regulations of conversion method and call back all the corporate bonds by cash at par value.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

i. Redemption upon Maturity of Bonds:

These convertible bonds include liability and equity components, with the equity component presented as capital surplus – stock options in equity. The liability components are the liabilities of embedded derivative financial products and non-derivative financial products. The measured amount of derivative financial liabilities on March 31, 2025 is NT$300 thousand at fair value cost and non-derivative financial liabilities on March 31, 2025 is NT$2,927,635 thousand at amortized cost, and its effective interest rate initially recognized is 1.787%.

Issue Proceeds (Less Transaction Costs of NT$5,550 thousand)
Equity Components
Liability components on the date of issuance (including corporate
bonds payable of NT$2,844,753 thousand and financial assets at
fair value through profit or loss - non-current of NT$1,497
thousand)
Interest Calculated at Effective Interest Rate of 1.787%
Loss on Valuation of Financial Product
Converting Corporate Bonds Payable into Common Stock
Liability Components as of March 31, 2025

$ 3,009,450
(166,194)

2,843,256
83,170
1,197
(288)

$
2,927,335

d. The main conditions relating to the issuance of unsecured convertible corporate bonds by the subsidiary are as follows:
(a) Total issuance: NT$2,500,000 thousand
(b) Face value: NT$100 thousand each
(c) Coupon rate: 0%
(d) Effective Interest Rate: 1.796%
(e) Term: 2023.06.27 - 2026.06.27
(f) Conversion Period: The holders of the convertible corporate bonds may request the subsidiary to convert the bonds into the subsidiary’s common shares from the next day after three months from the issuance date of the bonds to the maturity date, except during the statutory book closure period as stipulated in the conversion measures or laws and regulations. The rights and obligations of the converted common shares are the same as those of the common shares originally issued.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(g) Conversion Price and its Adjustment:

The conversion price of this convertible bond is determined according to the prescribed formula in the conversion regulations. If there is a situation where the Company is subject to anti-dilution provisions, the conversion price will be adjusted according to the prescribed formula in the conversion regulations. Subsequently, on the prescribed base date, the conversion price will be redetermined according to the prescribed formula in the regulations. If the new conversion price is higher than the previous conversion price of that year, no adjustment will be made.

(h) Redemption Rights:
i. Redemption at maturity: The subsidiary will redeem the principal in one lump sum upon maturity of the bond issue.
ii. Early Redemption: From the day following three months after the issuance of the convertible corporate bonds to 40 days before the expiration of the issuance period, if the closing price of the subsidiary’s common shares exceeds 30% of the conversion price at that time for 30 consecutive business days, or from the day following three months after the issuance of the convertible corporate bonds to 40 days before the expiration of the issuance period, when the outstanding balance of the convertible corporate bonds is less than 10% of the original total issuance amount, the subsidiary may redeem all the bonds in cash at the face value of the bonds at any time thereafter.
iii. According to the conversion method, all subsidiary bonds redeemed, repaid or converted by the convertible bonds will be cancelled, and all rights and obligations attached to the convertible bonds will also be extinguished and no longer issued.

(18) Lease Liabilities

The Consolidated Company’s carrying amount of lease liabilities:

Current Non-Current	2025.3.31 $ 1,706,097	2024.12.31	2024.3.31
		1,672,853	2,535,244
	$ 5,580,025	5,556,381	4,770,762

For maturity analysis, please refer to Note 6(25) Financial Instruments.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Recognized lease profit/loss is below:

ecognized lease profit/loss is below:
Interest Expense on Lease Liabilities Short-Term Lease Expenses Lease Modification (Loss) Benefit	Three Months Ended March 31, 2025 $ 73,023	Three Months Ended March 31, 2024
		48,940
	$ 110,179	85,661
	$ (4,762)	3

Recognized lease on the cash flow statement is below:

Total Cash Outflow for Lease	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 586,936	470,246

The Consolidated Company leases land, houses and buildings, machinery and equipment, office equipment, transportation equipment and other equipment, with lease terms generally being three years. Some leases include options to extend for the same period as the original contract upon expiration of the lease term.

(19) Employee Benefits

a. Defined Benefit Plan

As there were no significant market fluctuations, major curtailments, settlements, or other significant one-time events after the end of the previous fiscal year, the Consolidated Company used the retirement benefit costs measured and disclosed as of December 31, 2024 and 2023 based on the actuarial valuations performed on those dates for the interim periods.

The details of the Consolidated Company's expenses recognized are as follows, which were accounted for under "Operating Costs" and "Operating Expenses":

Recorded under Operating Costs Recorded under Operating Expenses	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 8,383 3,786 $ 12,169	5,991 3,265
		9,256

b. Defined Contribution Plans

The Consolidated Company has determined the pension costs under the defined benefit pension plan as follows, which have been deposited with the Labor Insurance Bureau or the local competent authority and are recorded under "Operating Costs" and "Operating Expenses":

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Recorded under Operating Costs Recorded under Operating Expenses	Three Months Ended March 31, ~~2025~~	Three Months Ended March 31, ~~2024~~
	$ 44,446 44,986 $ 89,432	33,336 29,561
		62,897

(20) Income Tax

a. Income Tax Expense

The details of the Consolidated Company’s income tax expenses are as follows:

Income Tax Expenses for the Period Corporate Income Tax Adjustment of the Income Tax in the Previous Year Deferred Income Tax Expenses The Occurrence and (Reversal) of Temporary Differences Income Tax Expense	Three Months Ended March 31, 2025 $ 445,942 17,112	Three Months Ended March 31, 2024
		361,693 1,264
	463,054 120,557 $ 583,611	362,957 (19,389) 343,568

The details of the income tax expense under other comprehensive income and loss of the Consolidated Company are as follows:

Items That May Be Reclassified Subsequently to Profit or Loss: Exchange Differences on Translation of Foreign Financial Statements	Three Months Ended March 31, 2025 $ 14,143	Three Months Ended March 31, 2024
		8,417

b. Income Tax Assessments

The corporate income tax returns of the Company, Ennoconn International Investment Co., Ltd., Caswell Inc., and Marketech International Corp. have been assessed and approved by the tax authorities up to the year 2023; the tax return of Goldtek Technology Co., Ltd. has been assessed and approved up to the year 2022.

In addition, the Company filed an appeal with the Supreme Administrative Court against the tax assessments for the years 2015 to 2018. However, pursuant to the final ruling rendered in February 2024, the Company is required to pay the related tax amounts. As of December 31, 2024. The Company has fully paid the aforementioned tax. As the related income tax had already been estimated and recognized in prior years, it does not affect the income tax expense for the year 2024.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

c. The Lowest Tax Burden Globally

The Consolidated Company has applied the exception related to the recognition and disclosure of deferred tax assets and liabilities arising from Pillar Two income taxes. For the periods from January 1 to March 31, 2025 and 2024, the Consolidated Company recognized no current income tax expense related to Pillar Two income taxes (both amounts were $0). The exposure arising from the Pillar Two rules is explained as follows:

The Consolidated Company falls within the scope of the OECD Pillar Two model rules. The Pillar Two legislation has been enacted in countries such as the European Union, Vietnam, Australia, Canada, the United Kingdom, Turkey, Switzerland, Slovenia, Norway, and North Macedonia, and has become effective starting in 2024. Based on the Consolidated Company’s assessment, there was no material current income tax exposure related to Pillar Two as of March 31, 2025. The Consolidated Company will continue to assess the potential exposure arising from the implementation of Pillar Two legislation in various jurisdictions.

(21) Capital and Other Equity

Except as described below, the Consolidated Company had no significant changes in capital and other equity accounts during the periods for the three months ended March 31, 2025 and 2024. For related information, please refer to Note 6(20) of the consolidated financial statements for the year ended December 31, 2024.

a. Issuance of Common Stock

For the three months ended March 31, 2025, the Company issued 3,000 thousand new shares with a total amount of NT$25 thousand at par value due to the exercise of conversion rights by the holders of convertible corporate bonds. The aforementioned new shares have completed the statutory registration procedures.

For the three months ended March 31, 2024, the Company issued 5,027 thousand new shares with a total amount of NT$50,271 thousand at par value due to the exercise of conversion rights by the holders of convertible corporate bonds. The issuance of the aforementioned new shares has completed the statutory registration procedures, and the paid-in capital has been changed to NT$1,370,270 thousand after the issuance.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

b. Capital Surplus

The balances of the Company’s capital surplus are as follows:

Premium of Issued Shares Issuance of New Shares for Other Company’s Shares Premium on Conversion of Convertible Corporate Bonds Share Options for Convertible Corporate Bonds Expired Stock Options Changes in Equity of Subsidiaries and Associates	2025.3.31	2024.12.31	2024.3.31
	$ 5,039,717 1,372,670 8,384,429 202,715 385,278 322,749	5,039,717 1,372,670 8,383,940 202,739 385,278 279,585	5,039,717 1,372,670 8,284,503 207,788 385,261 531,699
	$ 15,707,558	15,663,929	15,821,638

According to the Company Act, capital surplus should be used to offset losses first, and then new shares or cash can be issued in proportion to the shareholders’ original shares using the realized capital surplus. The aforementioned realized capital surplus includes the premium received from the issuance of shares in excess of par value and the income from endowments received. According to the Regulations Governing the Offering and Issuance of Securities by Securities Issuers, the amount of capital surplus to be capitalized mentioned above should not exceed 10% of the paid-in capital each year.

c.

Retained Earnings

According to the Company’s Articles of Incorporation, if there is a surplus in the annual final accounts, it should first be used to pay taxes, offset previous years’ losses, then 10% should be set aside as legal reserve, but this is not required when the legal reserve has reached the Company’s paid-in capital; in addition, special reserve should be set aside or reversed according to the Company’s operating needs and laws and regulations. If there is still a surplus, it should be combined with the undistributed earnings at the beginning of the period, and the Board of Directors should draw up a surplus distribution proposal to be submitted to the shareholders’ meeting for resolution and distribution.

The Company’s industrial development is in a growth stage, and there are plans to expand production lines and capital needs for the next few years. Therefore, the residual dividend policy is adopted; first, the retained earnings are used to meet the capital needs, and the remaining surplus is paid out in the form of cash dividends. However, the cash dividend shall not be less than 10% of the total dividend distribution for the year.

(a) Legal Reserve

When the Company has no losses, it may, by a resolution of the shareholders’ meeting, distribute new shares or cash out of the legal reserve, but only the portion of the legal reserve that exceeds 25% of the paid-in capital.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(b) Special Reserve

According to FSC regulations, when distributing distributable earnings, the Company should set aside special reserve from the net debit balance of other equity items in the current year in the order mentioned in the preceding paragraph and the difference between the special reserve balance set aside and the undistributed earnings at the beginning of the period and the net profit after tax for the current period outside of the net profit items. For the accumulated amount of other equity deductions in the previous period, the special reserve should be set aside from the undistributed earnings in the previous period and should not be distributed. If there is a subsequent reversal in the amount of other decreases in shareholders’ equity, the reversal may be distributed in the form of a surplus.

(c) Earnings Distribution

On March 28, 2025, the Board of Directors resolved on the cash dividend distribution from the 2024 earnings. On May 31, 2024, the shareholders' meeting approved the earnings distribution plan for 2023. The details are as follows:

Distributed to Owners of Common Stocks: Cash	2024	2024	2023	2023
	Share Allotment (NT$)	Amount	Share Allotment (NT$)	Amount
	$12.20	1,677,985	11.41	1,559,072

The above 2023 earnings distribution plan of the Company does not consider the amount that should be included in the undistributed earnings of the year outside the net profit after tax for 2023 in the amount of legal reserve set aside, so the Board of Directors resolved to revise the 2023 earnings distribution plan on August 13, 2024. This revision did not affect the amount of cash dividends distributed to common shareholders. Related information on the above earnings distribution can be found on the Market Observation Post System.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(d) Other Equity (Net of Tax) and Non-Controlling Interests

Exchange Differences on Translation of Foreign Financial Statements	Unrealized Gain or Loss on Financial Assets Measured at Fair Value Through Other Comprehensive Income	Non- Controlling Interests	Total
$ (218,910) - 523,703 236 - - - - - - - -	(388,479) - - - (13,974) - - 594 - - - -	29,994,785 1,049,064 914,501 (551) (13,639) 759 (145,286) - (43,724) 29,873 (17,192) 230,935	29,387,396 1,049,064 1,438,204 (315) (27,613) 759 (145,286) 594 (43,724) 29,873 (17,192) 230,935
$ 305,029	(401,859)	31,999,525	31,902,695
$ (1,081,452) - 663,219 3,458 - - - - -	41,523 - - 518 5,022 - - - -	27,777,256 716,051 214,757 101 290 463 (140,278) 87,641 1,825,127	26,737,327 716,051 877,976 4,077 5,312 463 (140,278) 87,641 1,825,127
$ (414,775)	47,063	30,481,408	30,113,696

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(22) Earnings per Share

The calculation of the Consolidated Company’s basic earnings per share and diluted earnings per share are as follows:

a. Basic earnings per share
(a) Net profit attributable to the holders of common stock equity of the Company

Three Months Ended March 31, 2025 Three Months Ended March 31, 2024	Continuing Operation $ 827,343	Discontinuing Operation	Total
		-	827,343
	$ 630,225	1,116	631,341

(b) Weighted average outstanding common stocks

Common Stocks Issued as of January 1 Effect of Convertible Bond Conversion Weighted Average Number of Ordinary Shares Outstanding as of March 31	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024 132,000 3,169
	137,537 3
	137,540	135,169

Three Months Ended March 31, 2025 Three Months Ended March 31 2024	Continuing Operation $ 6.02	Discontinuin g Operation - 0.01	Total 6.02 4.67
	$ 4.66

b. Diluted earnings per share
(a) Net profit attributable to the holders of common stock equity of the Company

Continuing Operation $ 827,343 12,778	Discontinuing Operation	Total
	- -	827,343 12,778
$ 840,121	-	840,121
$ 630,225 9,332	1,116 -	631,341 9,332
$ 639,557	1,116	640,673

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(b) Weighted average outstanding common stocks

Weighted Average Number of Outstanding Common Stocks (Basic) Effect of Conversion of Convertible Corporate Bonds Effect of Employee Remuneration Weighted Average Outstanding Common Stocks (Diluted)	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	137,540 18,530 378	135,169 20,329 288
	156,448	155,786

(c) Diluted earnings per share

					Discontinuing
			Continuing	Operation	Operation		Total
Three Months Ended March	31,	2025	$	5.37		-		5.37
Three Months Ended March	31,	2024	$	4.11		-		4.11

(23) Contract Revenue

a. Revenue Details

The details of the Consolidated Company’s revenue are as follows:

Revenue from Sales of Goods Service Revenue Engineering Revenue	Three Months Ended March 31, 2025 $ 25,498,754 1,258,313 7,708,842 $ 34,465,909	Three Months Ended March 31, 2024
		21,905,985 836,774 9,974,255
		32,717,014

b. Balance of Contracts

Notes and Accounts Receivable Less: Allowance for Loss Total Contract Asset - Construction Contracts Contract Asset - Sales Contracts Contract Asset - Service Contracts Total Contract Liabilities - Construction Contracts Contract Liability ‐ Sales Contracts Contract Liabilities - Service Contracts Extended Warranty Service Total	2025.3.31 $ 23,600,356 1,452,541 $ 22,147,815	2024.12.31 23,710,260 1,523,904 22,186,356 10,180,252 1,130,829 1,794,888 13,105,969 2024.12.31 8,961,655 4,090,527 2,061,440 364,748 15,478,370	2024.3.31
			20,925,894 1,386,450
			19,539,444
	$ 10,439,511 1,289,733 2,102,214 $ 13,831,458		13,392,197 569,495 1,298,358
			15,260,050
	2025.3.31 $ 8,883,921 5,261,650 1,511,323 461,734 $ 16,118,628		2024.3.31
			7,096,656 2,961,857 1,673,242 698,059
			12,429,814

For disclosures related to notes receivable and accounts receivable and their impairment, please refer to Note 6(4).

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(24) Compensation of Employees, Directors and Supervisors

In accordance with the Company's Articles of Incorporation, no less than 2% of the Company's annual profits shall be appropriated to the compensation of employees and no more than 2% to the compensation of directors and supervisors. However, where the Company has accumulated losses, the Company shall first reserve certain amount of the profit to recover the losses. Parties eligible to receive the aforementioned compensation in the form of stock or cash shall include employees in the controlling and associates who meet certain conditions.

For the three months ended March 31, 2025 and 2024, the Company estimated the employee compensation at NT$19,081 thousand and NT$16,182 thousand, respectively, and the directors' and supervisors' remuneration at NT$2,625 thousand and NT$1,167 thousand, respectively. These amounts were calculated based on the Company's profit before income tax, deducting employee compensation and directors' and supervisors' remuneration, multiplied by the percentages of employee compensation and directors' and supervisors' remuneration as prescribed by the Company's Articles of Incorporation. These estimated amounts were reported as operating costs or operating expenses for the period. If there is a difference between the actual amount distributed and the estimated amount in the following year, it will be treated as a change in accounting estimate, and the difference will be recognized as profit or loss for the following year.

For the fiscal years 2024 and 2023, the Company estimated the employees' compensation at NT$90,200 thousand and NT$85,000 thousand, respectively, and the directors' and supervisors' compensations at NT$6,000 thousand and NT$2.600 thousand, respectively. There was no difference between the actual distribution. Please refer to the Market Observation Post System (MOPS) for relevant information.

(25) Total Non-Operating Income and Expenses

a. Other Income

The details of the Consolidated Company’s other income are as follows:

Rent Revenue/Income Dividend Revenue		Three Months Ended March 31, 2025 $ 3,620 540 $ 4,160	Three Months Ended March 31, 2024 $ 4,347 261 4,608

b. Other Gains and Losses

The details of the Consolidated Company’s other gains and losses are as follows:

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Gains (Losses) on Disposal of Property, Plant and Equipment Gain on Foreign Exchange Net Benefits on Financial Assets and Liabilities Supplemental Income Others	Three Months Ended March 31, 2025 $ 1,530 318,889 289,858 442,634 161,493 $ 1,214,404	Three Months Ended March 31, 2024
		$ (3,278) 300,112 311,686 275,954 59,762
		944,236

c. Financial Cost

The details of the Consolidated Company’s finance costs are as follows:

Interest on Bank Loans Interest on Lease Liabilities Accrued Interest on Corporate Bonds Payable Other Interests	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 261,844 73,023 10,506 297	$ 279,545 48,940 10,495 -
	$ 345,670	338,980

(26) Financial Instruments

a. Credit Risk

(a) Amount of Maximum Exposure to Credit Risk

The carrying amount of a financial asset represents the maximum amount of credit risk.

(b) Credit Risk Concentration

Since the Consolidated Company has a large customer base and does not have significant concentration of transactions with a single customer and the sales area is dispersed, there is no significant concentration of credit risk for accounts receivable. In order to reduce credit risk, the policy adopted by the Consolidated Company is to only conduct transactions with reputable counterparties and to regularly and continuously evaluate the financial status of customers, obtaining sufficient collateral when necessary to reduce the risk of financial losses caused by default.

For information on the credit risk exposure of notes and accounts receivable, please refer to Note 6(4).

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Other Financial Assets at Amortized Cost, Including Other Account Receivables and Certificates of Deposit

b. Liquidity Risk

The table below shows the contractual maturity dates of financial liabilities, including estimated interest.

Carrying Amount	Contractual Cash Flows	Within 6 Months	6-12 Months	More than 1 Year
$ 31,330,515 7,286,122 24,135,058 6,767,983 496	31,330,515 7,914,359 24,311,096 6,819,911 496	31,330,515 868,368 10,432,929 - 496	867,953 2,156,403 -	6,178,038 11,721,764 6,819,911
$ 69,520,174	70,376,377	42,632,308	3,024,356	24,719,713
$ 29,324,588 7,229,234 27,430,777 6,860,500 -	29,324,588 7,774,656 27,466,476 6,925,731 -	29,324,588 858,094 13,203,061 - -	- 856,148 3,237,401 - -	- 6,060,414 11,026,014 6,925,731 -
$ 70,845,099	71,491,451 =	43,385,743	4,093,549 _	24,012,159
$ 31,149,263 7,306,006 26,434,255 6,883,550 -	31,149,263 7,677,784 26,532,938 6,981,243 -	31,149,263 1,649,855 16,088,952 - -	- 55,813 1,721,182 - -	- 5,972,116 8,722,804 6,981,243 -
$ 71,773,074	72,341,228	48,888,070	1,776,995	21,676,163

The Consolidated Company does not expect the cash flows included in the maturity analysis to occur significantly earlier or at significant different amounts.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

c. Market Risk

(a) Exchange Rate Risks

The Consolidated Company’s financial assets and liabilities exposed to significant foreign currency exchange rate risk are as follows:

Financial Asset Monetary Items USD USD USD Financial Liability Monetary Items USD USD USD Financial Asset Monetary Items USD USD USD Financial Liability Monetary Items USD USD USD Financial Asset Monetary Items USD USD USD Financial Liability Monetary Items USD USD USD	2025.3.31
	Foreign Exchange Rate NTD
	~~C~~ 389,408 33.21 (USD : NTD) 12,932,240 131,991 0.9233 (USD : EUR) 4,383,566 19,703 7.2670 (USD : RMB) 654,340 166,176 33.21 (USD : NTD) 5,518,705 107,945 0.9233 (USD : EUR) 3,584,972 10,128 7.2670 (USD : RMB) 336,353 2024.12.31
	Foreign Exchange Rate NTD
	~~C~~ 392,449 32.79 (USD : NTD) 12,868,403 143,235 0.9605 (USD : EUR) 4,696,886 20,044 7.3192 (USD : RMB) 657,243 275,695 32.79 (USD : NTD) 9,040,039 108,257 0.9605 (USD : EUR) 3,549,906 11,991 7.3192 (USD : RMB) 393,185 2024.3.31
	Foreign Exchange Rate NTD
	~~C~~ 344,081 32.00 (USD : NTD) 11,010,592 96,458 0.9286 (USD : EUR) 3,086,613 10,956 7.2562 (USD : RMB) 350,590 264,261 32.00 (USD : NTD) 8,456,352 95,100 0.9286 (USD : EUR) 3,043,158 11,238 7.2562 (USD : RMB) 359,614

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Note: The abovementioned exchange rates of the Euro and RMB against NTD are as follows:

as follows:
EUR : NTD RMB : NTD	2025.3.31	2024.12.31	2024.3.31
	35.97 4.57	34.14 4.48	34.46 4.41

The foreign exchange risk of the Consolidated Company's monetary items mainly arises from cash and cash equivalents, accounts receivable and other receivables, borrowings, accounts payable and other payables denominated in foreign currencies, which generate foreign exchange gains or losses upon translation. As of March 31, 2025 and 2024, if NTD had depreciated or appreciated by 1% relative to USD held by the Company and all other factors remained constant, net income before tax would have increased or deceased by NT$85,301 thousand and NT$25,887 thousand for the three months ended March 31, 2025 and 2024, respectively. The same basis is used for both periods of analysis.

As the Consolidated Company engages in business involving various foreign currencies, foreign exchange gains and losses on monetary items are disclosed on an aggregated basis. For the three months ended March 31, 2025 and 2024, foreign exchange gains (including realized and unrealized amounts) are disclosed in Note 6(25).

(b) Interest Rate Risk

The interest rate exposure of the Consolidated Company’s financial assets and financial liabilities is described in the liquidity risk management section of this note.

The following sensitivity analysis is determined by the interest rate exposure of derivative and non-derivative instruments on the reporting date. For floating-rate liabilities, the analysis method assumes that the amount of liabilities outstanding on the reporting date was outstanding throughout the year. The rate of change used by the Consolidated Company when reporting interest rates to key management personnel is 1% increase or decrease in interest rates, which also represents the management’s assessment of the reasonable range of possible changes in interest rates.

If the interest rate increases or decreases by 1%, under the condition that all other variables remain constant, the Consolidated Company’s pre-tax net profit for the three months ended March 31, 2025 and 2024 will decrease or increase by NT$241,351 thousand and NT$264,343 thousand, respectively, mainly due to the Consolidated Company’s variable-rate borrowings.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(c) Other Price Risk

If the equity securities prices had changed on the reporting date (the analysis for the two periods is performed on the same basis, and assuming that all other variables remained constant), the impact on profit or loss would have been as follows:

Securities Price as of the Reporting Date	Three Months Ended March 31, 2025	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024	Three Months Ended March 31, 2024
	Other Comprehensive Income before Tax	Profit before Tax	Other Comprehensive Income before Tax	Profit before Tax
Increased by 1% Decreased by 1%	$ 11,470	24,487	17,067	22,343
	$ (11,470)	(24,487)	(17,067)	(22,343)

d. Fair Value Information

(a) Classification and Fair Value of Financial Instruments

The Consolidated Company’s financial assets and liabilities measured at fair value through profit or loss and financial assets measured at fair value through other comprehensive income are measured at fair value on a recurring basis. Regarding the financial assets and liabilities not measured at fair value, the Consolidated Company considers their carrying amounts to be equal to or approximating their fair values, or their fair values cannot be reliably measured. The carrying amounts and fair value hierarchy information of financial assets and liabilities measured at fair value through profit or loss are presented as follows:

		2025.3.31
Carrying Amount		Fair	Value
	Level 1	Level 2 - - - - -	Level 3 3,451 - 1,506,261 388,995 4,573	Total 3,451 553,931 1,506,261 388,995 4,573
$ 3,451 553,931 1,506,261 388,995 4,573	- 553,931 - - -
2,457,211	553,931	-	1,903,280	2,457,211
$ 364,320 279,208 503,459	364,320 - -	- - -	- 279,208 503,459	364,320 279,208 503,459
1,146,987	364,320	-	782,667	1,146,987
$ 3,604,198	918,251	-	2,685,947	3,604,198
$ 496	496	-	-	496
$ 496	496	-	-	496
		2024.12.31
Carrying Amount		Fair	Value
	Level 1	Level 2 - - - -	Level 3 4,690 - 1,438,364 403,861	Total 4,690 499,113 1,438,364 403,861
$ 4,690 499,113 1,438,364 403,861	- 499,113 - -
2,346,028	499,113	-	1,846,915	2,346,028
$ 381,616 289,411 492,913	381,616 - -	- - -	- 289,411 492,913	381,616 289,411 492,913
1,163,940	381,616	-	782,324	1,163,940
$ 3,509,968	880,729	-	2,629,239	3,509,968
		2024.3.31

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Carrying Amount $ 7,676 3,707 251,873 1,572,724 405,221 4,450	Level 1 - - 251,873 - - -	Fair	Value
		Level 2 - - - - - -	Level 3 7,676 3,707 - 1,572,724 405,221 4,450	Total 7,676 3,707 251,873 1,572,724 405,221 4,450
2,245,651	251,873	-	1,993,778	2,245,651
542,638 660,002 504,033	542,638 - -	- - -	- 660,002 504,033	542,638 660,002 504,033
1,706,673	542,638	-	1,164,035	1,706,673
$ 3,952,324	794,511	-	3,157,813	3,952,324
24,990	-	-	24,990	24,990
24,990	-	-	24,990	24,990

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

The methods and assumptions used by the Consolidated Company for instruments not measured at fair value are estimated as follows:

For financial assets and liabilities measured at amortized cost, if there is a quoted price from a transaction or market maker, the most recent transaction price and quoted price are used as the basis for evaluating fair value. If there is no market value for reference, the valuation method is used for estimation. The valuation methodology used in estimating the fair value of discounted cash flows involves estimations and assumptions made on the discounted cash flows.

(c) Fair value measurement techniques for financial instruments at fair value
i. Non-derivative financial instruments

When financial instruments have publicly quoted prices in an active market, their fair value is the publicly quoted price in the active market. The fair value of listed (OTC) equity instruments and debt instruments with active market quoted prices is based on the market prices announced by the main exchanges and the over-the-counter market, which are considered popular securities by the central government bond dealers.

If an entity is able to obtain quoted prices for the financial instrument from an exchange, broker, underwriter, industry association, pricing service agency, or regulatory agency on a timely and recurring basis, and those prices represent actual and regularly occurring market transactions on an arm's length basis, then the financial instrument is regarded as having an active market quoted price. If the above conditions are not met, the market is considered inactive. In general, large bid-ask spreads, significantly increased

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

bid-ask spreads, or extremely low transaction volumes are all indicators of an inactive market.

For the financial instruments held by the Consolidated Company that have an active market, their fair values by category and nature are listed as follows:

‧ Listed redeemable corporate bonds, listed (OTC) company stocks, bills and corporate bonds, etc., are financial assets and financial liabilities with standard terms and conditions and traded in an active market. Their fair value is determined by reference to market quotes, respectively.

In addition to the above-mentioned financial instruments with an active market, the fair value of other financial instruments is obtained through evaluation techniques or reference to counterparty quotes. Fair value obtained through evaluation techniques can refer to the current fair value of other financial instruments that are substantially the same in terms and characteristics, discounted cash flow method or other evaluation techniques, including models that use market information available on the consolidated reporting date for calculations (for example, the reference yield curve of the Taipei Exchange, Reuters’ average commercial paper interest rate quote).

The fair value of the financial instruments held by the Consolidated Company that do not have an active market is described in (5).

ii. Derivative financial instruments

It is evaluated based on evaluation models widely accepted by market users, such as discounting method and option pricing models. Forward foreign exchange contracts are typically valued based on the current forward exchange rate. Structured interest rate derivative financial instruments are priced based on appropriate option pricing models (such as the Black-Scholes model) or other valuation methods, such as Monte Carlo simulation.

(d) Translation between the First and Second Levels

There were no such transfers in 2024 and 2023.

(e) Quantitative Information on Fair Value Measurement of Significant Unobservable Inputs (Level 3)

The fair value measurements categorized within Level 3 of the Consolidated Company mainly include financial assets measured at fair value through profit or loss - equity securities investments, derivative financial instruments, private equity fund investments, convertible corporate bonds, and financial assets at fair value through other comprehensive income - equity securities investments.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Most of the Consolidated Company’s fair value items classified as level 3 have only a single significant unobservable input, and only equity instrument investments without an active market have multiple significant unobservable inputs. The significant unobservable inputs of equity instrument investments without an active market are independent of each other, so there is no correlation between them.

The quantitative information of significant unobservable inputs is listed as follows:

Item	Evaluation Technique	Significant Unobservable Input	Significant Unobservable Inputs and Their Relationship to Fair Value
Investments in equity instruments without an active market Financial Assets at Fair Value Through Profit or Loss - Investment in Private Equity Funds Financial Liabilities at Fair Value through Profit or Loss - Convertible Corporate Bonds Hybrid Instrument - Call and Put Options of Convertible Corporate Bonds	Comparable Approach Net Asset Value Method Discounted Cash Flow Method Binomial Tree Evaluation Model	Lack of Marketability Discount (15-25% for both three months ended March 31, 2025 and 2024) Net Asset Value Long-term revenue growth rate, weighted average cost of capital, long-term pre-tax operating net profit, lack of marketability discount. Volatility	The higher the lack of marketability discount, the lower the fair value. The higher the net asset value, the higher the fair value. The higher the weighted average cost of capital, the lower the fair value; the higher the long-term revenue growth rate and long-term pre-tax operating profit, the higher the fair value; the higher the lack of marketability discount, the lower the fair value. The higher the stock price volatility, the higher the fair value.

(27) Financial Risk Management

There were no significant changes to the Consolidated Company's financial risk management objectives and policies from those disclosed in Note 6(28) to the Consolidated Financial Statements for the year ended December 31, 2024.

(28) Capital Management

The Consolidated Company's capital management objectives, policies and procedures are consistent with those disclosed in the consolidated financial statements for the year ended December 31, 2024. Additionally, there are no significant changes in the quantitative data of items considered for capital management compared to the disclosures in the consolidated financial statements for the year ended December 31, 2024. For related information, please refer to Note 6(29) of the consolidated financial statements for the year ended December 31, 2024.

(29) Investment and Financing Activities of Non-Cash Transactions

For the three months ended March 31, 2025 and 2024, respectively, the Consolidated Company adjusted the liabilities arising from investing and financing activities is as follows:

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

2025.1.1	Cash Flows	Three Months Ended March 31, 2025	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
		$	117,791	-
		Non-Cash	Changes	2025.3.31
		Changes in Foreign Exchange Rates	Other Non- Cash Changes
$ 7,229,234 6,860,500	(403,734) -	245,669 -	214,953 (92,517)	7,286,122 6,767,983
$ 14,089,734	(403,734)	245,669	122,436	14,054,105
2024.1.1 $ 5,338,508 7,876,303	Cash Flows (335,645) (216)	Non-Cash	Changes	2024.3.31
		Changes in Foreign Exchange Rates 117,949 -	Other Non- Cash Changes 2,185,194 (992,537)
				7,306,006 6,883,550
$ 13,214,811	(335,645)	117,949	2,185,194	7,306,006

7. Related Party Transaction

(1) Name and Relationship of Related Party

The related parties who had transactions with the Consolidated Company during the coverage period of this consolidated financial report are as follows:

Affiliate Name

Relationship with the
Consolidated Company

ARBOR SOLUTION, INC.
Competition Team Ireland Limited
FOXCONN CZ s.r.o.
Foxconn Hon Hai Technology India Mega Development
Foxconn Interconnect Technology Limited
Foxconn Singapore Pte. Ltd.
Radisen Co., Ltd.
SafeDX s.r.o.
Macrotec Technology (Shanghai) Co., Ltd.
Chung Hsin Electric & Machinery Manufacturing Corp.
Taiyuan Fuchi Technology Co., Ltd.
Jusda International Logistics (Taiwan) Co., Ltd.
Everlasting Digital ESG Co., Ltd.
Macrotec Technology Corp.
Premier Image Technology (China) Ltd.
Qisda Corporation
Moai Green Power Corporation
E-Win Investment Corp.
Kunshan Fuchengke Precision Electronical Co., Ltd.
Henan Fuchi Technology Co., Ltd.
Fulian Yuzhan Technology (Henan) Co., Ltd.

Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate (Note 1)
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Affiliate Name

Relationship with the
Consolidated Company

Fortune International Corporation
Glory Technology Service Inc.
Chungqing Hongteng Technology Co., Ltd.
Hong Kong Ennopower Information Technology Co., Ltd.
Triple Win Technology (JinCheng) Co., Ltd.
Guoqi Zhiduan (Chengdu) Technology Co., Ltd.
Kangzhun Electronic Technology (Kunshan) Co., Ltd.
Shenzhen Fertile Plan International Logistics Co., Ltd.
Shenzhen Fu Neng New Energy Technology Co., Ltd.
Shenzhen Fuhongjie Technology Service Co., Ltd.
Shenzhen Hyper Power Information Technology Co., Ltd.
Shenzhen Futaihong Precision Industry Co., Ltd.
Shenzhen Fugui Precision Industrial Co., Ltd.
Foxconn Technology Group Ltd.
Foxconn Precision Electronics (Taiyuan) Co., Ltd.
Fujin Precision Industrial (Jincheng) Co., Ltd.
Futaijie Science & Technology Development (Shenzhen) Co., Ltd.
Futaihua Industrial (Shenzhen) Co., Ltd.
Futaihua Precision Industry (Weihai) Co., Ltd.
FIH (Hong Kong) Limited
Fuxiang Precision Industrial (Kunshan) Co., Ltd.
Fuding Electronic Technology (Jiashan) Co., Ltd.
Fulien Technology (Shanxi) Co., Ltd.
Fulien Technology (Zhoukou) Co., Ltd.
Fulien Technology (Wuhan) Co., Ltd.
Fulien Technology (Jiyuan) Co., Ltd.
Fulien Technology (Lankao) Co., Ltd.
Fulien Technology (Hebi) Co., Ltd.
Shenzhen Yuzhan Precision Technology Co., Ltd.
Hengyang Yuzhan Precision Technology Co., Ltd.
Fulian Yukang Medical Technology (Shenzhen) Co., Ltd.
Fulian Precision Technology (Ganzhou) Co., Ltd.
Fulien Precision Electronics (Tianjin) Co., Ltd.
Fulien Precision Electronics (Zhengzhou) Co., Ltd.
Foxconn Global Network
Altus Technology Inc.
Chiun Mai Communication Systems, Inc.
Refront Information Technology Corp.
Coiler Corporation
Ur Material Technology (Guangzhou) Co., Ltd.
Definitely Win Corp., Ltd.
Arbor Technology Corporation
ARBOR Technology (Shenzhen) Co., Ltd.
Forward Science Corp.
Ennowell Co., Ltd.
Hengyang Futaihong Precision Industry Co., Ltd.
Probeleader Co., Ltd.
Scienbizip Consulting (Shenzhen) Co., Ltd.

Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Affiliate Name

Relationship with the
Consolidated Company

Suzhou Maxwell Technologies Co., Ltd.
Hongzhun Precision Tooling (Kunshan) Co., Ltd.
Hon Hai Precision Industry Co., Ltd.
Hongfujin Precision Industry (Wuhan) Co., Ltd.
Hongfujin Precision Electronics (Chengdu) Co., Ltd.
Honfujin Precision Electronics (Chongqing) Co., Ltd.
Hongfujin Precision Electronics (Yantai) Co., Ltd.
Hongfujin Precision Electronics (Zhengzhou) Co., Ltd.
Hon Young Semiconductor Corporation
HON LIN Technology Co., Ltd.
Elecbay Technology Limited
Lankao Yufu Precision Technology Co., Ltd.
Key Management Personnel

Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
Associate
All directors and the Company’s
key management personnel

Note 1: The related party relationship with Everlasting Digital ESG Co., Ltd. was terminated starting from August 2024.

(2) Significant Transactions with Related Parties

a. Operating Revenue

The significant sales amounts of the Consolidated Company to related parties are as follows:

Account Item Category of Related Party/Name Sales Revenue Associate: Hon Hai Precision Industry Co., Ltd. Others Subtotal Engineering Revenue Associate: Altus Technology Inc. Hon Hai Precision Industry Co., Ltd. Others Subtotal Total		Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
		$ - 38,323 38,323 $ 64,267 61,445 1,844 127,556 $ 165,879	3,629 22,591 26,220 150,606 6,097 4,789 161,492 187,712

The sales transaction price of the Consolidated Company to the related parties is determined according to the agreement of both parties, and the collection policy is the payment term of 2 months.

b. Purchase and Processing Fees

The amounts of purchases from related parties by the Consolidated Company are as follows:

Category of Related Party/Name Associate: Foxconn Technology Group Ltd. Foxconn Interconnect Technology Limited ARBOR SOLUTION, INC. FIH (Hong Kong) Limited Arbor Technology Corporation Elecbay Technology Limited Others	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ 29,055 13,735 - 18,841 29,562 21,302 16,195	28,682 6,782 19,768 4,040 16,943 31,402 38,535
	$ 128,690	146,152

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

The transaction prices for purchases from related parties by the Consolidated Company were determined based on mutual agreement between the parties. The payment terms are on a monthly settlement basis with a payment period of 1 to 2 months.

c.

Receivables from Related Parties

Details of accounts receivable from related parties of the Consolidated Company are as follows:

Account Item	Category of Related Party/Name	2025.3.31 $ 3,933 - 5,147 241 17,107 21,573 $ 48,001	2024.12.31 3,603 - 6,662 21,731 12,837 33,326 78,159	2024.3.31 14,150 70,638 872 23,465 - 17,067 126,192

No guarantee is received for outstanding receivables from related parties. The allowance for doubtful accounts from related parties as of March 31, 2025, December 31, 2024 and March 31, 2024 was NT$4,776 thousand, NT$8,523 thousand and NT$7,235 thousand, respectively.

d. Payables to Related Parties

The details of the Consolidated Company’s payables to related parties are as follows:

Category of Related Party/Name	2025.3.31	2024.12.31	2024.3.31 5,840 4,074 4,121 5,623 9,773 19,228 9,289
Associates: Macrotec Technology Corp. Foxconn Interconnect Technology Limited Coiler Corporation Arbor Technology Corporation Foxconn Technology Group Ltd. Elecbay Technology Limited Others Associates: Macrotec Technology Corp. Others	$ 7,297 7,428 7,685 15,810 10,874 9,725 2,022	10,110 5,873 7,881 6,341 27,796 8,477 16,515
	$ 60,841	82,993	57,948
	$ 2,560 -	4,585 4,423	1,271 3,454
	$ 2,560	9,008	4,725

The balance of the outstanding payables to related parties is not guaranteed and will be settled in cash.

e. Endorsements/Guarantees

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Related Party/Name Subsidiaries of Kontron AG Subsidiaries of Marketech Ennoconn Hungary kft Vecow Japan Co., Ltd.	Three Months Ended March ~~$~~ ~~5,642,632~~ 5,717,921 - 150,000 $ 11,510,553	Three Months Ended March ~~5253005~~
		~~,,~~ 5,003,216 1,120,000 -
		11,376,221

(3) Transactions with Key Management Personnel

Transactions with Key Management Personnel
Remuneration for major managers include: Short-term employee benefits Post-employment benefits	Three Months Ended March $ 191,166 1,088 $ 192,254	Three Months Ended March
		120,168 451
		120,619

8. Assets Pledged as Security

The carrying value of the assets pledged as collateral by the Consolidated Company are as follows:

Asset Name Subject of Pledge Guarantee Pledged Time Deposits (financial assets measured at amortized cost) Bank loans, customs guarantees, performance bonds and warranty bonds Pledged Demand Deposits (listed under other financial assets) Bank loans and performance guarantees Accounts Receivable Bank loans and performance guarantees Inventories Bank loans Land Bank loans Buildings - Net Bank loans Other Fixed Assets Bank loans Investment Property Bank loans Margin Deposit Bid bonds, performance bonds and warranty bonds Others Bank loans	2025.3.31 $ 19,147 38,924 32,999 234,697 466,341 959,960 7,947 49,659 278,491 71,940 2,160,105	2024.12.31	2024.3.31 17,434 38,295 165,957 - 466,341 962,390 - 50,369 312,856 - 2,013,642
		19,158 45,756 31,307 266,512 466,341 938,724 - 49,812 64,059 70,515
		1,952,184

9. Material Contingent Liabilities and Unrecognized Contractual Commitments:

The unrecognized contractual commitments of the Consolidated Company are as follows:

Obtain Financial Assets Measured at Fair Value through Profit or Loss Notes and letters of guarantee issued for engineering contract performance and customs duties guarantees Contracted but not yet incurred capital expenditure	2025.3.31 $ 23,200 $ 2,715,092 $ 460,726	2024.12.31 23,200 2,895,101 530,485

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

10. Losses Due to Major Disasters: None.

11. Subsequent Events:

(1) To support the Group’s strategic investment and development needs, the parent company, Ennoconn Corporation, intends to inject capital into its subsidiary ESS in the amount of SGD 26,000 thousand in cash, for a total of 26,000 thousand shares.
(2) To obtain funding for business expansion, the Consolidated Subsidiary AIS intends to apply for a one-year short-term loan of USD 40,000 thousand from the New York Branch of CTBC Bank. The Group’s parent company, Ennoconn Corporation, will provide a guarantee in the amount of USD 25,000 thousand as collateral for the loan.

12. Others

(1) Summary of Employee Benefits, Depreciation, and Amortization Expenses by Function for the Current Period:

he Current Period:
By Function	Three Months Ended March		31, 2025	Three Months Ended March 31, 2024
	Operating	Operating	Total	Operating		Operating	Total
By Nature	Costs	Expenses		Costs		Expenses
Employee Benefits Expenses
Wages and Salaries	2,718,383	1,980,984	4,699,367	2,280,464		1,636,747	3,917,211
Labor Insurance and National
Health Insurance Expenses	534,790	281,888	816,678	413,283		245,887	659,170
Pension Costs	52,829	48,772	101,601	39,327		32,826	72,153
Other Employee Benefit Expenses	130,637	89,325	219,962	90,597		53,844	144,441
Depreciation Expense	507,544	249,051	756,595	418,094		192,408	610,502
Amortization Expense	173,683	160,447	334,130	114,341		169,341	283,682
iscontinuing Operation:
As stated in Note 6(6), in	2022, Kontron AG’s Board of Directors resolved to sell part of								its
T service business, and the discontinued operations are listed separately from the							continuing
perations.
lease refer to Note 6(22) for the		amounts of	income	from continuing operations				and
iscontinued operations attributable to owners of			the parent company.
he operating results and	cash inflows of the discontinued operations are as follows:
			Three Months			Three Months
			Ended March		31, Ended March				31,
				2025			2024
Net Operating Revenue			$			-				-
Operating Costs						-				-
Gross Profit						-				-
Operating Expenses						-				-
Total Non-Operating Income and Expenses						-		3,916
Pre-Tax Profit						-		3,916
Income Tax Expense						-				-
Annual Profit						-		3,916
Disposal of Profits from Discontinued Operations						-				-
Net Profit of Discontinued Operations for the Period			$			-			3,916

(2) Discontinuing Operation:

As stated in Note 6(6), in 2022, Kontron AG’s Board of Directors resolved to sell part of its

IT service business, and the discontinued operations are listed separately from the continuing operations.

Please refer to Note 6(22) for the amounts of income from continuing operations and discontinued operations attributable to owners of the parent company.

The operating results and cash inflows of the discontinued operations are as follows:

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

The interests of a discontinued operation belong to: Owners of the Company Non-Controlling Interests	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ - -	1,116 2,800
	$ -	3,916

The cash flow information of the discontinued operation is as follows:

Cash Flows From Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Net Cash Flows	Three Months Ended March 31, 2025	Three Months Ended March 31, 2024
	$ - - -	- (13,380) -
	$ -	(13,380)

For the impact of the disposal of the IT service business on the financial condition of the Consolidated Company, please refer to Note 6(6).

13. Other Disclosures

(1) Information on Significant Transactions

According to the requirements of the Regulations Governing the Preparation of Financial Reports by Securities Issuers, the Consolidated Company should disclose the following information related to material transactions for the three months ended March 31, 2025:

a. Loans to others: Please refer to the attached Table 1.
b. Endorsements and guarantees for others: Please refer to the attached Table 2.
c. Circumstances of holding marketable securities at the end of the period (excluding investments in subsidiaries, affiliated companies, and equity of joint ventures): Please refer to the attached Table 3.
d. For purchases or sales with related parties involving an amount of NT$100 million or more, or 20% of the paid-in capital, please refer to the attached Table 4.
e. Receivables from related parties reaching NT$100 million or 20% of the paid-in capital: Please refer to the attached Table 5.
f. Engagement in derivative transactions: None.
g. The relationship between the parent and subsidiary companies and the details of important transactions: Please refer to the attached Table 6.

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(2) Information Regarding Reinvested Businesses (Excluding Investees in Mainland China): Please refer to the attached Table 7.
(3) Information on Investments in Mainland China:
a. Name, major businesses, and related information about investees in mainland China: Please refer to the attached Table 8-1.
b. Investment limit in mainland China: Please refer to the attached Table 8-2.
c. Major transactions with investees in mainland China: For the three months ended March 31, 2025, significant transactions between the Consolidated Company and its investee companies in Mainland China, whether directly or indirectly, have been eliminated in the preparation of the consolidated financial statements. For details, please refer to “Information on Significant Transactions.”

14. Department Information

The information provided by the Consolidated Company to the chief operating decision-maker for the allocation of resources and the evaluation of segment performance focuses on the types of products provided. For the three months ended March 31, 2025 and 2024, the Consolidated Company was mainly engaged in the manufacturing and sales of data storage and processing equipment, industrial motherboards, network communications, and factory electromechanical system services.

(1) Departmental Revenue and Operating Results

The revenue and operating results of the reportable segments of the Consolidated Company are as follows:

are as follows:
Revenue: Revenue from External Customers Total Revenue Reportable Departmental Profits and Losses Revenue: Revenue from External Customers Total Revenue Reportable Departmental Profits and Losses			Thr	ee Months End	ed March 31, 20	25
	Industrial Computer Software and Hardware Sales Department	Information System Department	Production and Marketing of Network Communicatio n Department	Plant and Mechatronics System Services Business Department	Other Departments	Adjustment and Elimination	Discontinued Departments	Total
	$7,245,797 $ 7,245,797	13,332,590	1,108,897	13,260,751	2,395,217	(2,877,343)	- - -	34,465,909
		13,332,590	1,108,897	13,260,751	2,395,217	(2,877,343)		34,465,909
	$ 933,051	780,863	107,233	1,191,140	959,708	(1,511,977)		2,460,018
			Thr	ee Months End	ed March 31, 20	24
	Industrial Computer Software and Hardware Sales Department	Information System Department	Production and Marketing of Network Communicatio n Department	Plant and Mechatronics System Services Business Department	Other Departments	Adjustment and Elimination	Discontinued Departments	Total
	$ 6,301,338 $ 6,301,338	12,164,743	839,358	14,615,323	1,457,722	(2,661,470)	- - (3,916)	32,717,014
		12,164,743	839,358	14,615,323	1,457,722	(2,661,470)		32,717,014
	$ 808,756	645,816	81,567	607,775	631,122	(1,084,076)		1,687,044

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(2) Departmental Assets and Liabilities

The Consolidated Company does not provide the measurement amounts of reportable segment assets/liabilities to the chief operating decision-maker, so the measurement amounts of assets/liabilities are not disclosed.

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

LOANS TO OTHERS:

March 31, 2025

Table 1.

Unit: NT$ thousand

															Unit:	NT$thous
No.	Company Providing Loans	Borrower	Account Item	Whether or Not They Are Related Parties	Highest Balance for this Period	Ending Balance	Actual Amount Drawn Down	Interest Rate Range	Nature of Loans	Amount of Business Transactions	Reasons for the Necessity of Short-term Financing	Provision for Allowance for Doubtful Accounts	Colla	teral	Individual Funding Loan Limit	Maximum Amount Loanable
													Name	Value
0 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2	Ennoconn Corporation Casewell Inc. KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG	Ennoconn Solutions Singapore Pte. Ltd. Apligo GmbH Kontron Romania S.R.L., Romania Kontron Austria GmbH Kontron electronics AG Kontron AIS GmbH Kontron Electronics Kft. Kontron Transportation GmbH Kontron Europe GmbH S&T MEDTECH S.R.L. Kontron d.o.o.(former Iskratel) Kontron Canada Inc. Kontron Solar GmbH Suntastic.solar Solutions GmbH eSystems MTG GmbH Nextek Inc. Kontron Modular Computers S.A.S.	Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from relatedparties	Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes	297,240 63,090 478,401 35,970 37,409 76,256 179,850 525,162 225,213 48,034 205,029 71,940 431,640 215,820 629,475 84,530 161,865	297,240 63,090 459,427 35,970 37,409 40,286 62,948 525,162 - 35,970 192,799 33,259 431,640 215,820 629,475 78,160 107,910	- 63,090 459,427 31,474 35,970 40,286 62,948 524,364 - 35,970 192,799 33,259 431,640 215,820 629,475 78,160 -	4.40% 5.65% 3.00% 1.50% 1%`〜`3% 1%`、`2% 1.75% 1.50% 1.5%-2% 3.00% 1.75% 1.50% 1.75% 1.50% 1.75% 1.75% 1.50%	2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2	- - - - - - - - - - - - - - - - -	Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover	- - - - - - - - - - - - - - - - -	None None None None None None None None None None None None None None None None None	- - - - - - - - - - - - - - - - -	2,397,397 338,846 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396	9,589,587 677,692 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396 9,336,396

No.	Company Providing Loans	Borrower	Account Item	Whether or Not They Are Related Parties	Highest Balance for this Period	Ending Balance	Actual Amount Drawn Down	Interest Rate Range	Nature of Loans	Amount of Business Transactions	Reasons for the Necessity of Short-term Financing	Provision for Allowance for Doubtful Accounts	Collateral	Collateral	Individual Funding Loan Limit	Maximum Amount Loanable
													Name	Value
2 2 3 4 5 6 7 7 7 7 8 8 9 10 11	Kontron AG KONTRON AG Kontron Europe GmbH ENNOMECH PRECISION (CAYMAN) CO.,LTD ENNOCONN INVESTMENT HOLDINGS CO., LTD. Nanjing Asiatek Inc. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Mic-Tech Electronics Engineering Corp. Mic-Tech Electronics Engineering Corp. Ennoconn International Investment Co., Ltd. MIC-Tech Viet Nam Co., Ltd. Goldtek Technology Co., Ltd.	Katek Leipzig GmbH beflex electronics GmbH Kontron Asia Pacific Design Sdn.Bhd. Ennoconn Solutions Singapore Pte. Ltd. Ennoconn Solutions Singapore Pte. Ltd. Ennoconn (Foshan) Investment Co., Ltd. Marketech International Sdn. Bhd. Marketech International Corporation USA Marketech International Corp. Japan Marketech Integrated Pte. Ltd. Shanghai Maohua Electronics Engineering Co., Ltd. MIC-Tech (Wuxi) Co., Ltd. Thecus Technology Corp. Marketech Co., Ltd. Goldtek Technology (Shenzhen) Co., Ltd.	Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other Receivables Other Receivables Other receivables due from related parties Other Receivables Other receivables due from related parties	Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes	273,372 215,820 145,275 182,628 166,025 182,920 69,731 1,992,300 44,540 97,955 45,119 114,322 75,000 18,705 149,423	273,372 215,820 145,275 182,628 166,025 182,920 69,731 1,992,300 44,540 97,955 18,291 114,322 75,000 17,280 149,423	273,372 100,716 46,357 182,628 - 127,129 33,205 664,100 33,405 97,955 18,291 114,322 75,000 17,280 149,423	1.75% 1.75% 1.20% 5.25% 0.00% 3.00% 5.38% 5.38% 5.38% 5.38% 4.35% 4.35% 2.20% 4.50% 1.83%	2 2 2 2 2 2 2 2 2 2 2 2 2 2 1	- - - - - - - - - - - - - - 806,967	Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover For working capital requirements	- - - - - - - - - - - - - - -	None None None None None None None None None None None None None None None	- - - - - - - - - - - - - - -	9,336,396 9,336,396 2,425,954 925,644 1,460,417 210,236 5,185,445 5,185,445 5,185,445 5,185,445 324,925 649,850 1,054,174 182,938 158,508	9,336,396 9,336,396 2,425,954 925,644 5,841,670 210,236 5,185,445 5,185,445 5,185,445 5,185,445 649,850 649,850 4,216,694 182,938 158,508

Note 1: (1) Fill in “0” for the issuer.
(2) The invested companies are numbered in sequence starting from Arabic numeral 1 according to the company.
Note 2: Methods for filling in the nature of financing are as follows:
(1) Please fill in “1” for those with business dealings.
(2) There is a need for short-term financing.
Note 3: It refers to the fund loan limit approved by the board of directors.
Note 4: Excluding the payment made by Kontron AG through its 100% owned Kontron Acquisition GmbH for the acquisition of shares of KATEK SE, a German listed electronics company.
Note 5: This is calculated based on the net value of the most recent financial report of Ennoconn Investment Co., Ltd. that has been reviewed by an accountant (the second quarter of 2024). The company conducted a capital reduction in September 2024 and fully recovered the loan amount in October of the same year.

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

TO PROVIDE GUARANTEES AND ENDORSEMENTS FOR OTHERS

March 31, 2025

Table 2.

Unit: NT$ thousand

No.	Endorser/Guarantor	Endorsed/guaranteedparty	Endorsed/guaranteedparty	Maximum endorsement/ guarantee amount for an enterprise	Highest balance of endorsement/ guarantee for this period	Ending balance of endorsement amount/ guarantee	Actual amount drawn down	Amount of property pledged for endorsement/ guarantee	Ratio of accumulated endorsement/ guarantee amount to net worth on the latest financial statements	Maximum amount of endorsement /guarantee	Endorsement / guarantee provided by parent company to subsidiary	Endorsement / guarantee provided by subsidiary to parent company	Endorsement /guarantee provided to China
		Company Name	Relationship
0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2	Ennoconn Corporation KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG KONTRON AG Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp.	Vecow Japan Co., Ltd. Kontron Bulgaria e.o.o.d. Kontron Services Romania SRL Kontron Hungary Kft. Kontron Europe GmbH diverse / Factoring DA CH Kontron electronics GmbH Kontron Public Transportation Kontron Transportation GmbH Kontron AIS GmbH Kontron AG/ Kontron Transportation GmbH/ Kontron Transportation s.r.o./ Comlab/K Kontron Transportation France Kontron Austria GmbH Kontron Transportation sro Factoring Kontron Europe / Kontron Modular Computer S.A.S. Kontron Leipzig GmbH beflex electronic GmbH Iskra Technologies AS KONTRON AG subtotal Mic-Tech Electronics Engineering Corp. Marketech Integrated Pte. Ltd. Mic-Tech (Shanghai) Corp. MIC-Tech (Wuxi) Co., Ltd. Marketech International Sdn. Bhd. Ezoom Information, Inc. Marketech International Corporation USA MIC-Tech Viet Nam Co., Ltd.	2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2	35,960,951 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 10,788,285 6,481,806 6,481,806 6,481,806 6,481,806 6,481,806 6,481,806 6,481,806 6,481,806	150,000 46,761 332,584 591,660 179,850 683,430 10,791 104,117 2,230,632 28,776 477,464 8,993 27,697 497,204 2,158,200 167,592 53,955 27,358 2,504,570 71,833 826,512 327,300 131,140 70,000 1,162,175 149,423	150,000	- - 114,235 42,839 - - - - 35,970 - - - - - 115,203 - - - 1,085,889 39,632 51,210 91,457 20,193 10,406 611,926 28,699	- - - - - - - - - - - - - - - - - - - - - - - - -	0.63% 0.20% 0.36% 1.65% 0.18% 1.70% 0.05% 0.23% 6.52% 0.01% 0.91% 0.04% 0.12% 2.03% 9.25% 0.72% 0.23% 0.00% 19.14% 0.55% 5.15% 1.89% 0.51% 0.54% 8.96% 1.15%	47,947,934 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 21,576,569 12,963,612 12,963,612 12,963,612 12,963,612 12,963,612 12,963,612 12,963,612 12,963,612	Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y 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 N N N N N N N N N N N N N N N Y N Y Y N N N N
						46,761 84,530 384,419 41,114 395,670 10,791 54,196 1,521,573 1,799 212,291 8,993 27,697 473,051 2,158,200 167,592 53,955 -
						5,642,632
						2,481,361 71,833 667,564 245,338 66,410 70,000 1,162,175 149,423

No.	Endorser/Guarantor	Endorsed/guaranteed party		Maximum endorsement/ guarantee amount for an enterprise	Highest balance of endorsement/ guarantee for this period	Ending balance of endorsement amount/ guarantee	Actual amount drawn down	Amount of property pledged for endorsement/ guarantee	Ratio of accumulated endorsement/ guarantee amount to net worth on the latest financial statements	Maximum amount of endorsement/ guarantee	Endorsement /guarantee provided by parent company to subsidiary	Endorsement /guarantee provided by subsidiary to parent company	Endorsement /guarantee provided to China
		Company Name	Relationship
2	Marketech International Corp.	Marketech Co.,Ltd.	2	6,481,806	49,808	49,808	-	-	0.38%	12,963,612	Y	N	N
2	Marketech International Corp.	Marketech International Corp. Japan	2	6,481,806	66,810	66,810	-	-	0.52%	12,963,612	Y	N	N
2	Marketech International Corp.	TatungCompany	5	6,481,806	93,450	93,450	93,450	-	0.72%	12,963,612	N	N	N
2	Marketech International Corp.	Te ChangConstruction Co.,Ltd.	5	6,481,806	22,845	22,845	22,845	-	0.18%	12,963,612	N	N	N
		Marketech International Corp. subtotal				5,147,017
3 3 3 4	Mic-Tech Electronics Engineering Corp. Mic-Tech Electronics Engineering Corp. Mic-Tech Electronics Engineering Corp. Mic-Tech(Shanghai)Corp.	Marketech International Corp. China Electronic Systems Engineering Second Construction Co., Ltd. Mic-Tech (Shanghai) Corp. Mic-Tech Electronics Engineering Corp. subtotal Mic-Tech Electronics EngineeringCorp.	3 5 4 4	2,436,939 2,436,939 2,436,939 3,387,648	164,002 1,164 105,467 317,284	146,989 1,164 105,467	146,989 1,164 105,467 317,284	- - - -	18.10% 0.14% 12.98% 28.10%	4,061,565 4,061,565 4,061,565 5,646,080	N N N N	Y N N N	N Y Y Y
						253,620
						317,284

Note 1: The description of the number column is as follows:
(1) The issuer fills in 0.
(2) The invested companies are numbered sequentially with Arabic numerals starting from 1 according to each company. The same company should have the same number.

Note 2: The relationship between the endorser/guarantor and the endorsed/guaranteed party is as follows:

(1) Companies with business dealings.
(2) Companies in which the company directly and indirectly holds more than 50% of the voting shares.
(3) Companies in which the company directly and indirectly holds more than 50% of the voting shares.
(4) Companies in which the company directly and indirectly holds 90% of the voting shares.
(5) Companies that mutually endorse/guarantee each other's liabilities based on the needs of contracted projects or joint builders in accordance with contractual requirements.
(6) Companies endorsed/guaranteed by all contributing shareholders in proportion to their shareholding due to a joint investment relationship.
(7) Peer companies providing joint and several liability guarantees for pre-sale housing sales contracts in accordance with the Consumer Protection Act.

Note 3: The total amount of the company's accumulated external endorsements/guarantees shall not exceed 150% of the net value of the company's most recent financial statements.

Note 4: The limit of the company's endorsement/guarantee for a single enterprise shall not exceed 200% of the net value of the company's most recent financial statements.

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

HOLDING OF MARKETABLE SECURITIES AT THE END OF THE PERIOD (EXCLUDING EQUITY OF SUBSIDIARIES, ASSOCIATES, AND JOINT VENTURES)

March 31, 2025

Table 3.

Unit: thousand shares/NT$ thousand

Companies Held	Type of Marketable Securities	Name of Marketable Securities	Relations with Securities Practitioners	Account Item	End of Period	End of Period	End of Period	End of Period	Remarks
					Number of Shares/Units	Carrying Amount	Shareholding %	Fair Value
Vecow Co., Ltd Ennoconn International Investment Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Foshan) Investment Co., Ltd. " Marketech International Corp. " " Mic-Tech (Shanghai) Corp. Goldtek Technology Co., Ltd. Marketech International Corp. Ennoconn International Investment Co., Ltd.	Common Stock Common Stock Common Stock Private Equity Fund Private Equity Fund Common Stock Common Stock Common Stock Common Stock Private Equity Fund Common Stock Common Stock	Array Networks Co., Ltd. Gold Rain Enterprises Co., Ltd. Guoqi Zhiduan (Chengdu) Technology Co Ltd Guangdong Hongfu Xinghe Hongtu Venture Capital Fund Partnership (Limited P hi ) Foshan Zhaoke Innovation and Intelligent Industry Investment Fund Taiwan Puritic Corp. Taiwan Speciality Chemicals Corporation Mega Union Technology Inc. Kore Semiconductor Co., Ltd. Zhuoyi II Investment Limited Partnership Lasertec Corporation Gold Rain Enterprises Co., Ltd.	None None None None None None None None None None None None	Financial Assets Measured at Fair Value through Other Comprehensive Income - Non-Current Financial Assets Measured at Fair Value through Other Comprehensive Income - Non-Current " " " Non-current financial assets measured at fair value through profit or loss " " " " Financial Assets Measured at Fair Value through Profit or Loss -- Current "	6,000 5,000 - - - 2,657 1,859 726 37,500 - 20 427	153,601 199,400 137,067 228,445 275,014 457,002 384,777 272,637 182,915 213,601 56,477 21,266	10.32% 7.54% 5.95% 11.11% 18.57% 4.04% 1.26% 1.05% 7.38% -% -% 0.86%	153,601 199,400 137,067 228,445 275,014 457,002 384,777 272,637 182,915 213,601 56,477 21,266

Note 1: None of the above securities were provided as collateral, pledged, or restricted in use based on agreements as of March 31, 2024.

Note 2: Please refer to the attached Table 7 and 8 for the relevant information of the investee subsidiaries.

Note 3: For those measured at fair value, the carrying amount is the book balance after fair value valuation adjustment and deduction of accumulated impairment; for those not measured at fair value, the carrying amount is the book balance of initial acquisition cost or post-sale cost after deduction of accumulated impairment.

Note 4: Disclosure is required for any single security the amount of which accounts for more than 5% of the respective line item in the financial statements.

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

RECEIVABLES FROM RELATED PARTIES REACHING NT$100 MILLION OR 20% OF PAID-IN CAPITAL OR MORE

For the Three Months Ended March 31, 2025

Table 4.

Unit: NT$ thousand

Company with Purchases (Sales)	Counterparty	Relationship		Transaction Details	Transaction Details	Transaction Details	Differences in Transaction Terms Compared to Third Party Transactions	Differences in Transaction Terms Compared to Third Party Transactions	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Remarks
			Purchases (Sales)	Amount	Percentage of Total Purchases (Sales)	Credit Period	Unit Price	Credit Period	Balances	Percentage of Total Notes/Accounts Receivable(Payable)
American Industrial Systems, Inc. HighAim Technology Inc. Highaim Technology Inc. Ennoconn Corporation Ennoconn Corporation Techno Precision Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Kontron Asia Technology Inc. Kontron Leipzig GmbH Katek Czech Republic s.r.o Katek Hungary Kft. Katek Czech Republic s.r.o	Ennoconn Corporation ANDRIX INTERNATIONAL LIMITED ANDRIX INTERNATIONAL LIMITED Victor Plus Holdings Ltd. HighAim T echnology INC. Techno Precision (Shenzhen) Co., Ltd. Victor Plus Holdings Ltd. JUMPtec GmbH Victor Plus Holdings Ltd. Kontron Asia Technology Inc. Kontron Europe GmbH eSystems MTG GmbH Katek GmbH Katek GmbH eSystems MTG GmbH	Second-tier subsidiary to parent company Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary	Purchases Purchases Sales Purchases Purchases Purchases Purchases Sales Sales Sales Sales Sales Sales Sales Sales	535,561 202,785 (261,851) 392,972 124,784 109,627 284,031 (143,079) (782,001) 131,545 (142,808) (142,353) (223,224) (307,061) (210,627)	2.01% 0.76% (0.76)% 1.48% 0.47% 0.41% 1.07% (0.42)% (2.27)% 0.49% (0.41)% (0.41)% (0.65)% (0.89)% (0.61)%	Net 90 days Month-end 150 days Month-end 150 days Month-end 60 days Net 90 days by T/T Month-end 60 days Month-end 60 days Month-end 120 days Month-end 30 days Month-end 45 days Month-end 30 days Month-end 30 days Month-end 30 days Month-end 30 days Month-end 30 days	- - - - - - - - - - - - - - -	No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation No significant deviation	(542,142) (549,714) 552,286 (167,305) (66,203) - (114,661) 144,802 474,244 (53,259) 53,754 67,928 110,214 207,395 126,270	(2.27)% (2.31)% 2.49% (0.70)% (0.28)% -% (0.48)% 0.65% 2.14% (0.22)% 0.24% 0.31% 0.50% 0.94% 0.57%

Note 1: The above transactions related to consolidated entities have been eliminated when preparing the consolidated financial statements.

Note 2: Payments are made in installments according to the contract.

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

RECEIVABLES FROM RELATED PARTIES REACHING NT$100 MILLION OR 20% OF PAID-IN CAPITAL OR MORE

March 31, 2025

Table 5.

Unit: NT$ thousand

Company Accounted for Receivables	Name of Counterparty	Relationship	Balance of Accounts Receivable from Related Parties	Turnover rate	Overdue Receivables from Related Parties	Overdue Receivables from Related Parties	Amount Subsequently Recovered from Receivables from Related Parties	Provision Allowance for Impairment Loss
					Amount	Action Taken
Marketech International Corp. Mic-Tech Electronics Engineering Corp. Ennoconn Corporation Goldtek Technology Co., Ltd. Techno Precision Co., Ltd. T-Paragon Metal (Shenzhen) Co., Ltd. Victor Plus Holdings Ltd. Victor Plus Holdings Ltd. Victor Plus Holdings Ltd. ANDRIX INTERNATIONAL LIMITED	Marketech International Corporation USA MIC-Tech (Wuxi) Co., Ltd. American Industrial Systems, Inc. Goldtek Technology (Shenzhen) Co., Ltd. Techno Precision (Shenzhen) Co., Ltd. T-Paragon Die Casting Co., Ltd. EnnoMech Precision Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn Corporation HighAim TechnologyInc.	Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Parent Company to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to parent company Second-tier subsidiaryto second-tier subsidiary	664,100 114,322 542,142 226,013 195,805 153,981 114,661 122,645 184,278 549,714	3.62% 0.02%	- - - - - - - - - -	- - - - - - - - - -	- - - - - - - - - -	- - - - - - - - - -
FUNOLOGY INVESTMENT INC. Highaim Technology Inc. Highaim Technology Inc. EnnoMech Precision Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Katek Czech Republic s.r.o. Katek Czech Republic s.r.o. Katek GmbH Katek GmbH Katek Hungary Kft. Katek SE	HighAim Technology Inc. ANDRIX INTERNATIONAL LIMITED FUNOLOGY INVESTMENT INC. JUMPtec GmbH Victor Plus Holdings Ltd. Kontron Services Romania srl. suntastic.solar GmbH Kontron Beteiligungs GmbH Kontron Europe GmbH Kontron Electronics GmbH Kontron Solar GmbH Kontron Leipzig GmbH eSystems MTG GmbH Kontron d.o.o. JSC Iskra Technology Kontron Transportation GmbH Katek GmbH eSystems MTG Katek Czech Republic s.r.o. Katek Hungary Kft. Katek GmbH Kontron Leipzig GmbH	Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary	170,747 552,286 168,176 144,802 474,244 467,484 218,356 7,377,466 3,039,001 673,694 446,848 278,808 637,649 196,543 109,544 582,649 110,214 126,270 455,032 148,173 207,395 496,508		- - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - -

Company Accounted for Receivables	Name of Counterparty	Relationship	Balance of Accounts Receivable from Related Parties	Overdue Rec Related	eivables from Parties	Amount Subsequently Recovered from Receivables from Related Parties	Provision Allowance for Impairment Loss
				Amount	Action Taken
Katek SE Katek SE Kontron Beteiligungs GmbH Kontron Canada Inc. Kontron d.o.o. Kontron Europe GmbH Kontron Europe GmbH Kontron Europe GmbH Kontron Europe GmbH Kontron Leipzig GmbH Kontron Solar Bulgaria EOOD Kontron Transportation Deutschland GmbH	Katek GmbH Kontron Canada Systems Inc. Kontron Europe GmbH Kontron Canada Systems Inc. JSC Iskra Technologies Kontron Beteiligungs GmbH Kontron America Inc. Kontron Electronics GmbH JUMPtec GmbH Katek Düsseldorf GmbH Kontron Solar GmbH Kontron Transportation GmbH	Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiaryto second-tier subsidiary	413,944 139,148 755,370 156,526 250,437 241,329 453,578 328,856 148,939 282,698 113,723 307,264	- - - - - - - - - - - -	- - - - - - - - - - - -	- - - - - - - - - - - -	- - - - - - - - - - - -
Kontron Transportation France SAS Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation UK Ltd	Kontron Transportation GmbH Kontron Transportation Espana, S.L.U. Kontron Transportation s.r.o. Kontron Transportation UK Ltd Kontron Transportation Schweiz AG Kontron Transportation GmbH	Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiaryto second-tier subsidiary	438,619 430,273 197,693 174,591 763,871 677,679	- - - - - -	- - - - - -	- - - - - -	- - - - - -

Note 1: The above transactions related to consolidated entities have been eliminated when preparing the consolidated financial statements. Note 2: Not applicable as they are other receivables arising from loans to related parties.

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

SIGNIFICANT INTERCOMPANY TRANSACTIONS THAT HAVE BEEN ELIMINATED

For the Three Months Ended March 31, 2025

Table 6.

Unit: NT$ thousand

Table 6.							Unit: NT$thousand
No.(Note 1)	Name of Counterparty	Counterparty	Relationship with the Counterparty (Note 2)		Transaction Details
				Item	Amount	Transaction Terms	Percentage of Consolidated Total Operating Revenue or Total Assets(Note 3)
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0	Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation	Victor Plus Holdings Ltd. Victor Plus Holdings Ltd. Victor Plus Holdings Ltd. American Industrial Systems, Inc. American Industrial Systems, Inc. American Industrial Systems, Inc. American Industrial Systems, Inc. HighAim Technology INC. HighAim Technology INC. Ennoconn Hungary Kft. Ennoconn Hungary Kft. POSLAB Technology Corporation POSLAB Technology Corporation Taiwan Applied Module Corporation Ennotech Vietnam Company Limited Ennotech Vietnam Company Limited Dexatek Technology Ltd.	Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary Parent Company to second-tier subsidiary	Purchase cost Accounts payable - related parties Accounts payable - related parties Sales Revenue Accounts Receivable – Related Parties Purchase cost Accounts payable - related parties Purchase cost Accounts payable - related parties Sales Revenue Accounts Receivable – Related Parties Purchase cost Accounts payable - related parties Other receivables due from related parties Purchase cost Accounts payable - related parties Accounts payable - related parties	392,972 167,305 16,945 535,561 542,142 68,232 33,242 124,784 66,203 25,170 34,768 13,220 13,597 87,108 47,037 18,044 33,014	Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms	1.14% 0.11% 0.01% 0.36% 0.37% 0.20% 0.02% 0.36% 0.04% 0.02% 0.02% 0.04% 0.01% 0.06% 0.14% 0.01% 0.02%

No.(Note 1)	Name of Counterparty	Counterparty	Relationship with the Counterparty (Note 2)		Transaction Details	Transaction Details
				Item	Amount	Transaction Terms	Percentage of Consolidated Total Operating Revenue or Total Assets(Note 3)
0 1 1 1 1 1 1 1 1 1 1 1	Ennoconn Corporation Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp.	Dexatek Technology Ltd. Marketech Integrated Pte. Ltd. Marketech Integrated Pte. Ltd. Marketech Integrated Pte. Ltd. Ezoom Information, Inc. Ezoom Information, Inc. Ezoom Information, Inc. Marketech International Sdn.Bhd. Marketech International Corporation Marketech International Corporation Spiro Technology Systems Inc. Marketech Netherlands B.V.	Parent Company to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary	Purchase cost Accounts Receivable Sales Contract Revenue Other Receivables Prepayments to suppliers Engineering Contract Revenue Accounts Receivable Other Receivables Other Receivables Engineering Contract Revenue Prepayments to suppliers Prepayments to suppliers	32,244 13,994 11,962 98,519 23,843 40,934 15,650 33,519 664,100 24,956 18,339 10,986	Common Transaction Terms Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. The transaction prices and payment terms for the sale of goods are not materially different from those with non-related parties Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. The Group handles engineering fees for related parties and non-related parties in accordance with general engineering contract or individual agreement terms. Additionally, the Group's payment terms for related parties are not significantly different from those for general customers, depending on the engineering contract or individual agreement, which is typically 2 to 3 months after project acceptance. Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. The Group handles engineering fees for related parties and non-related parties in accordance with general engineering contract or individual agreement terms. Additionally, the Group's payment terms for related parties are not significantly different from those for general customers, depending on the engineering contract or individual agreement, which is typically 2 to 3 months after project acceptance. Depending on the transaction contract Depending on the transaction contract	0.09% 0.01% 0.03% 0.07% 0.02% 0.12% 0.01% 0.02% 0.45% 0.07% 0.01% 0.01%

No.(Note 1)	Name of Counterparty	Counterparty	Relationship with the Counterparty (Note 2)		Transaction Details	Transaction Details
				Item	Amount	Transaction Terms	Percentage of Consolidated Total Operating Revenue or Total Assets(Note 3)
1 2 2 2 2 3 4 5 5 6 6 6 7	Marketech International Corp. Ezoom Information, Inc. Ezoom Information, Inc. Ezoom Information, Inc. Ezoom Information, Inc. MIC-Tech Global Corp. Spiro Technology Systems Inc. Mic-Tech Electronics Engineering Corp. Mic-Tech Electronics Engineering Corp. MIC-Tech (Wuxi) Co., Ltd. MIC-Tech (Wuxi) Co., Ltd. MIC-Tech (Wuxi) Co., Ltd. MIC-Tech Viet Nam Co., Ltd.	Marketech International Corp. Japan Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Shanghai Maohua Electronics Engineering Co., Ltd. MIC-Tech (Wuxi) Co., Ltd. MIC Industrial Viet Nam Co., Ltd. MIC Industrial Viet Nam Co., Ltd. Marketech Integrated Pte. Ltd. Marketech Co., Ltd.	Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary	Other Receivables Accounts Receivable Notes Receivable Service Contract Revenue Engineering Contract Revenue Sales Contract Revenue Sales Contract Revenue Other Receivables Other Receivables Sales Contract Revenue Accounts Receivable Sales Contract Revenue Other Receivables	33,624 11,890 12,109 18,843 34,324 25,287 27,696 18,291 114,322 10,665 11,036 21,109 17,280	Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. Service and sales refers to agreed profits from sales between related parties. The Group handles engineering fees for related parties and non-related parties in accordance with general engineering contract or individual agreement terms. Additionally, the Group's payment terms for related parties are not significantly different from those for general customers, depending on the engineering contract or individual agreement, which is typically 2 to 3 months after project acceptance. The transaction prices and payment terms for the sale of goods are not materially different from those with non-related parties The transaction prices and payment terms for the sale of goods are not materially different from those with non-related parties Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. The transaction prices and payment terms for the sale of goods are not materially different from those with non-related parties Depending on the contract or individual agreement terms, payment is typically received within 2-3 months after the transaction is confirmed. The transaction prices and payment terms for the sale of goods are not materially different from those with non-related parties Depending on the contract or individual agreement terms, payment is typicallyreceived within 2-3 months	0.02% 0.01% 0.01% 0.05% 0.10% 0.07% 0.08% 0.01% 0.08% 0.03% 0.01% 0.06% 0.01%

No.(Note 1)	Name of Counterparty	Counterparty	Relationship with the Counterparty (Note 2)		Transaction Details	Transaction Details
				Item	Amount	Transaction Terms	Percentage of Consolidated Total Operating Revenue or Total Assets(Note 3)
8 8 8 8 8 9 10 10 10 11 11 12 12 13 13 13 13 14 14 14	Casewell Inc. Casewell Inc. Casewell Inc. Casewell Inc. Casewell Inc. Apligo Gmbh Goldtek Technology Co., Ltd. Goldtek Technology Co., Ltd. Goldtek Technology Co., Ltd. Techno Precision Co., Ltd. Techno Precision Co., Ltd. Techno Precision (Shenzhen) Co., Ltd. T-Paragon Metal (Shenzhen) Co., Ltd. HighAim Technology Inc. HighAim Technology Inc. HighAim Technology Inc. HighAim Technology Inc. Highaim Technology Inc. Highaim Technology Inc. Highaim Technology Inc.	CASO, inc. CASO, inc. Caswell Americas Inc. Caswell Americas Inc. Apligo Gmbh Casewell Inc. Goldtek Technology (Shenzhen) Co., Ltd. Keenest Electronic Corp. Keenest Electronic Corp. Techno Precision (Shenzhen) Co., Ltd. Techno Precision (Shenzhen) Co., Ltd. Techno Precision Co., Ltd. T-Paragon Die Casting Co., Ltd. ANDRIX INTERNATIONAL LIMITED ANDRIX INTERNATIONAL LIMITED FUNOLOGY INVESTMENT INC. FUNOLOGY INVESTMENT INC. ANDRIX INTERNATIONAL LIMITED ANDRIX INTERNATIONAL FUNOLOGY INVESTMENT INC.	Subsidiaries Company to second-tier subsidiary Subsidiaries Company to second-tier subsidiary Subsidiaries Company to second-tier subsidiary Subsidiaries Company to second-tier subsidiary Second-tier subsidiary to subsidiaries company Second-tier subsidiary to subsidiaries company Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary	Sales Revenue Accounts Receivable Sales Revenue Accounts Receivable Other Receivables Sales Revenue Accounts Receivable Accounts Receivable Sales Revenue Accounts Receivable Sales Revenue Sales Revenue Accounts Receivable Accounts payable - related parties Purchase cost Accounts payable - related parties Purchase cost Accounts Receivable – Related Parties Sales Revenue Accounts Receivable – Related Parties	44,848 28,499 38,973 44,629 64,922 10,037 226,013 39,234 57,256 195,805 25,619 109,627 153,981 549,714 202,785 170,747 59,330 552,286 261,851 168,176	after the transaction is confirmed. In accordance with general conditions In accordance with general conditions In accordance with general conditions In accordance with general conditions In accordance with general conditions In accordance with general conditions Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms	0.03% 0.02% 0.03% 0.03% 0.04% 0.01% 0.15% 0.03% 0.17% 0.13% 0.07% 0.32% 0.10% 0.37% 0.59% 0.12% 0.17% 0.37% 0.76% 0.11%

No.(Note 1)	Name of Counterparty	Counterparty	Relationship with the Counterparty (Note 2)		Transaction Details	Transaction Details
				Item	Amount	Transaction Terms	Percentage of Consolidated Total Operating Revenue or Total Assets(Note 3)
14 15 15 15 15 15 15 15 15 15 15 16 16 16 16 16 17 18 18 18 18	Highaim Technology Inc. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn Corporation (Malaysia) Ennoconn Corporation (Malaysia) Ennoconn Corporation (Malaysia) Ennoconn Corporation (Malaysia) Ennoconn Corporation (Malaysia) Ennoconn (Foshan) Investment Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd.	FUNOLOGY INVESTMENT INC. Ennoconn Corporation Ennoconn Corporation HighAim Technology INC. Kontron Asia Technology Inc. Kontron Asia Technology Inc. Highaim Technology Inc. Highaim Technology Inc. Victor Plus Holdings Ltd. Victor Plus Holdings Ltd. Nanjing Asiatek Inc. JUMPtec GmbH JUMPtec GmbH Kontron America Modules, LLC Kontron America Modules, LLC Kontron America Inc. Nanjing Asiatek Inc. Victor Plus Holdings Ltd. Victor Plus Holdings Ltd. Kontron Europe GmbH Kontron Europe GmbH	Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to parent company Second-tier subsidiary to parent company Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary	Sales Revenue Purchase cost Accounts payable - related parties Purchase cost Purchase cost Accounts payable - related parties Purchase cost Accounts payable - related parties Sales Revenue Accounts Receivable – Related Parties Sales Revenue Accounts Receivable – Related Parties Sales Revenue Accounts Receivable – Related Parties Sales Revenue Accounts Receivable – Related Parties Other Short-Term Borrowings Purchase cost Accounts payable - related parties Sales Revenue Accounts Receivable – Related Parties	84,104 8,451 7,727 8,937 131,545 53,259 69,442 49,144 782,001 474,244 -20,165 10,410 10,309 20,561 20,363 34,530 127,046 284,031 114,661 106,961 21,105	Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms	0.24% 0.02% 0.01% 0.03% 0.38% 0.04% 0.20% 0.03% 2.27% 0.32% (0.06)% 0.01% 0.03% 0.01% 0.06% 0.02% 0.09% 0.82% 0.08% 0.31% 0.01%

No.(Note 1)	Name of Counterparty	Counterparty	Relationship with the Counterparty (Note 2)		Transaction Details	Transaction Details
				Item	Amount	Transaction Terms	Percentage of Consolidated Total Operating Revenue or Total Assets(Note 3)
18 18 18 18 18 18 18 19 20 20 20 20 20 20 20 20 20 20 20 21 21	EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision Co., Ltd. EnnoMech Precision (Cayman) Co., Ltd. Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Katek SE Katek SE	Kontron America Inc. Kontron Canada Inc. Kontron Canada Inc. JUMPtec GmbH JUMPtec GmbH Kontron Asia Technology Inc. eSystems MTG GmbH Ennoconn Solutions Singapore Pte. Ltd. Kontron Services Romania srl. suntastic.solar GmbH Kontron Beteiligungs GmbH Kontron Europe GmbH Kontron Electronics GmbH Kontron Solar GmbH Kontron Leipzig GmbH eSystems MTG GmbH Kontron d.o.o. JSC Iskra Technology Kontron Transportation GmbH Kontron Leipzig GmbH Katek GmbH	Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary	Sales Revenue Sales Revenue Accounts Receivable – Related Parties Sales Revenue Accounts Receivable – Related Parties Purchase cost Other Income - Other Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from relatedparties	5,207 55,154 26,489 143,079 144,802 5,277 11,965 182,655 467,484 218,356 7,377,466 3,039,001 673,694 446,848 278,808 637,649 196,543 109,544 582,649 496,508 413,944	Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms	0.02% 0.16% 0.02% 0.42% 0.10% 0.02% 0.01% 0.12% 0.32% 0.15% 4.98% 2.05% 0.45% 0.30% 0.19% 0.43% 0.13% 0.07% 0.39% 0.34% 0.28%

No.(Note 1)	Name of Counterparty	Counterparty	Relationship with the Counterparty (Note 2)		Transaction Details	Transaction Details
				Item	Amount	Transaction Terms	Percentage of Consolidated Total Operating Revenue or Total Assets(Note 3)
21 22 22 23 23 24 24 24 24 25 26 26 26 26 27 28 29 30 30 31 31	Katek SE Katek Hungary Kft. Katek Hungary Kft. Katek GmbH Katek GmbH Katek Czech Republic s.r.o. Katek Czech Republic s.r.o. Katek Czech Republic s.r.o Katek Czech Republic s.r.o Kontron Transportation UK Ltd Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation France SAS Kontron Transportation Deutschland GmbH Kontron Solar Bulgaria EOOD Kontron Leipzig GmbH Kontron Leipzig GmbH Kontron Europe GmbH Kontron Europe GmbH	Kontron Canada Systems Inc. Katek GmbH Katek GmbH Katek Czech Republic s.r.o. Katek Hungary Kft. Katek GmbH eSystems MTG Katek GmbH eSystems MTG GmbH Kontron Transportation GmbH Kontron Transportation Espana, S.L.U. Kontron Transportation s.r.o. Kontron Transportation UK Ltd Kontron Transportation Schweiz AG Kontron Transportation GmbH Kontron Transportation GmbH Kontron Solar GmbH eSystems MTG GmbH Katek Düsseldorf GmbH Kontron Beteiligungs GmbH Kontron America Inc.	Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary	Other receivables due from related parties Sales Revenue Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Sales Revenue Sales Revenue Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Sales Revenue Other receivables due from related parties Other receivables due from related parties Other receivables due from relatedparties	139,148 307,061 207,395 455,032 148,173 110,214 126,270 223,224 210,627 677,679 430,273 197,693 174,591 763,871 438,619 307,264 113,723 142,353 282,698 241,329 453,578	Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms	0.09% 0.89% 0.14% 0.31% 0.10% 0.07% 0.09% 0.65% 0.61% 0.46% 0.29% 0.13% 0.12% 0.52% 0.30% 0.21% 0.08% 0.41% 0.19% 0.16% 0.31%

No.(Note 1)	Name of Counterparty	Counterparty	Relationship with the Counterparty (Note 2)		Transaction Details	Transaction Details
				Item	Amount	Transaction Terms	Percentage of Consolidated Total Operating Revenue or Total Assets(Note 3)
31 31 32 33 34 35	Kontron Europe GmbH Kontron Europe GmbH Kontron d.o.o. Kontron Canada Inc. Kontron Beteiligungs GmbH Kontron Asia Technology Inc.	Kontron Electronics GmbH JUMPtec GmbH JSC Iskra Technologies Kontron Canada Systems Inc. Kontron Europe GmbH Kontron Europe GmbH	Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary Second-tier subsidiary to second-tier subsidiary	Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Other receivables due from related parties Sales Revenue	328,856 148,939 250,437 156,526 755,370 142,808	Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms Common Transaction Terms	0.22% 0.10% 0.17% 0.11% 0.51% 0.41%

Note 1: Business transactions between the parent company and its subsidiaries should be noted separately in the number column. The numbering method is as follows: (1) The parent company fills 0.

(2) Subsidiaries are numbered sequentially starting from Arabic numeral 1 according to the company. Note 2: The calculation of the ratio of transaction amount to consolidated total revenue or total assets: If it is an asset or liability item, the ratio is calculated by dividing the ending balance by the consolidated total assets. If it is a profit or loss item, the ratio is calculated by dividing the cumulative amount during the period by the consolidated total revenue. Note 3: Important transactions in this table refer to those that reach 0.01% of the consolidated total revenue or total assets.

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

RE-INVESTMENT INFORMATION (EXCLUDING INVESTEES IN MAINLAND CHINA) March 31, 2025

Table 7.

Table 7.
				Unit: NT$thousand
Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount		Ending Balance of Holdings			Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Ennoconn Corporation Innovative Systems Integration Limited Ennoconn Investment Holdings Co.,Ltd Ennoconn Investment Holdings Co.,Ltd Ennoconn Investment Holdings Co.,Ltd AIS Cayman Technology Group AIS Cayman Technology Group Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd.	Innovative Systems Integration Limited Ennoconn International Investment Co., Ltd. Casewell Inc. Ennoconn Investment Holdings Co.,Ltd AIS Cayman Technology Ennoconn Solutions Singapore Pte. Ltd. Victor Plus Holdings Ltd. AIS Cayman Technology Group Kontron AG Ennoconn Hungary Kft. American Industrial Systems Inc. Vecow Co., Ltd Goldtek Technology Co., Ltd. EnnoMech Precision (Cayman) Co., Ltd. Taiwan Applied Module Corporation	Hong Kong Taiwan Taiwan Samoa Cayman Islands Singapore Seychelles Cayman Islands Austria Hungary USA Taiwan Taiwan Cayman Islands Taiwan	Professional Investment Professional Investment Electronic components, computer and peripheral equipment manufacturing, electronic material wholesale, and information software services Manufacturing and marketing of industrial computers Professional Investment Cloud-based Intelligent Services Import and export trading Professional Investment Information system software and hardware integration service Manufacturing and marketing of industrial computers Human-machine interface, industry 4.0, and other related products Telecommunication machinery equipment, electronic equipment and electronic devices Wholesale and retail of telecommunications control RF equipment input and information software Professional Investment Research, design and sales of mobile payment, electronic signature, and information security products	1,952,933 8,010,000 1,031,800 9,588,707 230,586 395,232 - 316,608 5,895,491 2,656,800 49,815 54,154 492,221 448,861 95,029	1,952,933 8,010,000 1,031,800 9,588,707 230,586 395,232 - 316,608 5,895,491 2,656,800 49,815 54,154 492,221 448,861 95,029	518,216,530 820,635,000 20,000,000 309,510,000 4,028,217 16,000,000 500,000 6,672,469 16,835,008 - 1,500,000 5,000,000 17,022,831 13,800,000 10,400,000	100.00% 100.00% 27.27% 100.00% 37.64% 100.00% 100.00% 62.36% 27.42% 100.00% 100.00% 100.00% 56.74% 100.00% 100.00%	2,329,385 10,541,735 1,115,121 14,560,261 563,960 525,356 (4,210) 980,021 10,494,785 2,923,979 703,906 764,733 923,704 925,784 (66,600)	518,216,530 820,635,000 20,000,000 309,510,000 4,028,217 16,000,000 500,000 6,672,469 16,835,008 - 1,500,000 5,000,000 17,022,831 13,800,000 10,400,000	29,863 458,995 80,696 206,999 52,901 (21,759) (2,093) 52,901 694,666 1,017 17,001 36,268 (39,930) 69,670 (1,197)	29,863 458,995 22,006 206,999 19,366 (21,759) (2,093) 32,085 171,933 1,017 17,001 36,268 (22,657) 69,670 (1,499)

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd. Ennoconn International Investment Co., Ltd.	Thecus Technology Corp. Dexatek Technology Ltd. Marketech International Corp. POSLAB Technology Corporation Renown Information Technology Corp. EnnoRise Corporation Ennoconn Solutions (Thailand) Co. Ltd. E-Rich Electricity Co., Ltd Ennotech Vietnam Company Limited Dudoo Ltd. Casewell Inc. Kontron AG Ennoconn India Corporation Private Limited RIGO Global Co., Ltd. Arbor Technology Corporation	Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan Thailand Taiwan Vietnam Cayman Islands Taiwan Austria India Taiwan Taiwan	Electronic components, computer and peripheral equipment manufacturing, electronic material wholesale, and information software services Multimedia product R&D and design and manufacturing business High-tech industry plant operations and manufacturing system planning and integration services Manufacturing, wholesale and sales of electronic and peripheral equipment Electronic components, computer and peripheral equipment manufacturing, electronic material wholesale, and information software services Other power generation, transmission and distribution machinery manufacturing General trading company Other power generation, transmission and distribution machinery manufacturing Production and sales of industrial computers Professional Investment Electronic components, computer and peripheral equipment manufacturing, electronic material wholesale, and information software services Information system software and hardware integration service Global supply chain and quality management center for IoT and AIoT Manufacturing, wholesale and sales of electronic and peripheral equipment Development, assembly, integration, processing, and manufacturing of industrial computer control board interface cards	102,000 238,404 4,924,648 132,317 29,345 60,000 4,829 5,000 154,438 25,000 149,500 263,363 19 32,000 296,000	102,000 274,704 4,924,648 132,317 29,345 60,000 4,829 5,000 154,438 - 149,500 263,363 - 32,000 296,000	10,200,000 13,543,999 83,468,613 9,100,000 2,960,000 6,000,000 1,000,000 500,000 - 628,413 3,250,000 750,000 4,250 1,066,667 16,000,000	60.00% 53.11% 41.28% 70.00% 36.93% 60.00% 100.00% 100.00% 100.00% 44.94% 4.43% 1.22% 5.00% 26.23% 16.67%	(43,911) 438,749 7,565,620 113,615 20,944 27,498 4,361 4,926 166,336 28,560 150,109 534,767 17 - 335,748	10,200,000 14,027,999 83,468,613 9,100,000 2,960,000 6,000,000 1,000,000 500,000 - 628,413 3,250,000 750,000 4,250 1,066,667 16,000,000	(404) 46,789 888,686 229 (242) (8,968) - (30) 10,900 4,454 80,696 694,666 - (1,758) (21,082)	(488) 23,142 368,094 160 (89) (5,381) - (30) 10,900 2,002 3,575 7,650 - - (3,514)

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Ennoconn International Investment Co., Ltd. EnnoMech Precision (Cayman) Co., Ltd. EnnoMech Precision (Cayman) Co., Ltd. Casewell Inc. Casewell Inc. Casewell Inc. Casewell Inc. Casewell Inc. Goldtek Technology Co., Ltd. KeenestElectronicCorp. Techno Precision Co., Ltd. T-Paragon Die Casting Co., Ltd. Goldtek Technology Co., Ltd. Goldtek Technology Co., Ltd. HighAim Technology Inc. HighAim Technology Inc. HighAim Technology Inc. HighAim Technology Inc. Marketech International Corp.	Ennowell Co., Ltd. HighAim Technology INC EnnoMech Precision Co., Ltd. CASO, INC. Caswell International Investment Co., Ltd. Caswell Americas ,Inc Hawkeye Tech Co., Ltd. APLIGO Gmbh Keenest Electronic Corp. Techno Precision Co., Ltd. T-Paragon Die Casting Co., Ltd. T-pARagon Industrial (Thailand) Co., Limited NATIONGATE INTEGRATION (M) SDN. Ennovision Inc. FUNOLOGY INVESTMENT INC. ANDRIX INTERNATIONAL LIMITED SDY METAL INDUSTRY PTE. LTD. Powerwin (Cayman) Tech Group Limited Marketech Integrated Pte. Ltd.	Taiwan Samoa Taiwan Japan Samoa USA Taiwan Germany Samoa Hong Kong Hong Kong Thailand Malaysia Taiwan Samoa Angola Singapore Cayman Islands Singapore	Intelligent building system integration, energy management services, cloud services Professional Investment Electronic components, computer and peripheral equipment manufacturing, electronic material wholesale, and information software services Import and sales of network equipment and computer peripheral products Overseas Investment Sales of netcom products Design and manufacturing of computers, networks and computing devices Hub and SI Service Professional Investment Metal stamping and casting industry Finance/Logistics Metal stamping and casting industry Electronic manufacturing services Security surveillance video monitoring Cloud mechanical components Cloud mechanical components Cloud mechanical components Professional Investment Contracting of automation supply system services for the semiconductor industry	9,000 360,104 13,156 27,062 101,135 92,460 602,041 60,275 796,920 339,103 32,001 232,271 4,072 90,000 33 30 26,568 - 331,733	9,000 360,104 13,156 27,062 101,135 92,460 602,041 60,275 796,920 339,103 32,001 217,508 4,072 90,000 33 30 26,568 - 331,733	2,250,000 3,382,618 1,000,000 1,881 3,205,760 3,000,000 9,096,667 24,000 24,000,000 7,500,000 7,500,000 236,000,000 600,000 6,000,000 1,000 900 20 50,000 14,636,958	30.00% 67.65% 100.00% 99.00% 100.00% 100.00% 60.64% 66.67% 100.00% 40.30% 50.00% 100.00% 60.00% 60.00% 100.00% 100.00% 20.00% 100.00% 100.00%	47,350 593,447 98,232 154,749 136,383 73,366 496,110 25,054 154,889 215,994 178,060 344,870 4,638 61,656 24,617 41,639 26,348 - 59,927	2,250,000 3,382,618 1,000,000 1,881 3,205,760 3,000,000 9,096,667 24,000 24,000,000 7,500,000 7,500,000 236,000,000 600,000 6,000,000 1,000 900 20 50,000 14,636,958	10,293 85,193 5,074 4,878 (10,031) (872) 18,011 (6,349) (32,012) (473) 31,123 10,660 8 (12,472) 1,399 3,443 - - (3,905)	3,088 57,633 5,074 4,828 (10,031) (872) 10,872 (4,296) (32,012) (242) 15,561 10,660 5 (7,483) 1,399 3,443 - - (3,905)

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp.	Market Go Profits Ltd. MIC-Tech Global Corp. Headquarter International Ltd. Tiger United Finance Ltd. Marketech Engineering Pte. Ltd. Marketech Integrated Manufacturing Company Limited MIC-Tech Viet Nam Co., Ltd. Marketech Co., Ltd. Marketech International Sdn.Bhd. Marketech International Corporation USA Spiro Technology Systems Inc. ADAT Technology Co., Ltd. PT Marketech International Indonesia Marketech Netherlands B.V.	British Virgin Islands South Korea British Virgin Islands British Virgin Islands Singapore Myanmar Vietnam Vietnam Malaysia USA USA Taiwan Indonesia Netherlands	Investment Holding and Reinvestment General International Trade Industry Investment Holding and Reinvestment Investment Holding and Reinvestment Contracting of Engineering Services Services of Automatic Production, Machinery and Components Trading, installation, and maintenance business of various factory machinery equipment and peripheral consumables Professional contracting and related maintenance services for engineering; purchase, sale and maintenance of machine tools; purchase and sale of cosmetics and daily necessities; production, development and implementation of software and programming services; installation services for industrial machinery and equipment Professional contracting and related maintenance services for engineering; sales of medical equipment Professional contracting and related maintenance services for engineering General International Trade Industry R&D, application and service of information software; provision and services of electronic information; data processing services Trading of machinery equipments and components International trading and technical services of machineryequipments and	1,299,429 19,147 42,475 46,475 31,162 478,985 271,476 88,234 121,802 1,042,356 54,074 117,822 38,042 54,085	1,299,429 19,147 42,475 46,475 31,162 478,985 271,476 88,234 119,204 1,042,356 54,074 97,951 38,042 54,085	40,119,104 131,560 1,289,367 1,410,367 1,337,763 1,535,600 - - 16,871,250 33,450,000 1,000,000 6,129,379 1,199,000 1,200,000	100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 25.08% 99.92% 100.00%	2,808,479 21,883 40,900 39,122 3,144 120,909 228,672 3,304 31,367 454,381 92,680 34,540 36,860 766	40,119,104 131,560 1,289,367 1,410,367 1,337,763 1,535,600 - - 16,871,250 33,450,000 1,000,000 6,129,379 1,199,000 1,200,000	382,560 (263) 110 371 (47) (3,342) 5,773 (1,649) 9,971 (14,151) 1,295 (7,534) 458 (1,655)	382,560 (263) 110 371 (47) (3,342) 5,773 (1,649) 9,971 (14,151) 1,295 (1,905) 458 (1,655)

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Marketech International	Glory Technology Service Inc. MIC Techno Co., Ltd. Smart Group Solutions Corp. Vertex Corporation Boliteopto Co., Ltd. MIC Healthcare Korea Co., Ltd. Marketech International Corp. Japan Advanced Technology Matrix United Radisen Co., Ltd. (Common Stock) Radisen Co., Ltd. (Preferred Share) Marketech International	Taiwan Taiwan Taiwan Taiwan Taiwan South Korea Japan USA South Korea South Korea Germany	components Trading and installation services for information and communication equipment Engaged in the sale of panel equipment and materials Development and distribution of smart medical diagnostic equipment and AI solutions, including related hardware and software; import, export, sales, and manufacturing of medical devices Purchase and sale of 5G wireless communication private network equipment (micro base stations and core networks) and IoT intelligent control gateways; operation and maintenance of DMP cloud object management platform and provision of software management platform, vertical IT and CT communication system integration services R&D, manufacturing and sales of precision laser-related modules and equipment, and provision of laser application solutions R&D, sales and professional technical services of medical devices and components; general international trade and import/export business General international trade, professional contracting and related maintenance services for engineering Warehouse logistics services; sales agency business for semiconductor equipment, components, consumables, and semiconductor materials AI medical solutions and remote radiology medical platform AI medical solutions and remote radiology medical platform Equipment and component sales	42,714 2,000 100,000 50,000 27,200 80,612 65,254 60,960 12,454 73,208 16,934	42,714 2,000 100,000 50,000 27,200 60,487 65,254 60,960 12,454 73,208 16,934	6,208,320 200,000 10,000,000 5,000,000 2,240,000 7,000,000 30,000 2,000,000 87,803 188,961 200,000	29.24% 29.85% 100.00% 61.35% 37.33% 100.00% 100.00% 68.97% 18.49% 24.11% 100.00%	63,896 1,861 90,359 4,996 39,018 18,754 52,660 66,688 (14,892) 87,252 9,752	6,208,320 200,000 10,000,000 5,000,000 2,240,000 7,000,000 30,000 2,000,000 87,803 188,961 200,000	457 (18) (15,872) (8,770) (7,151) (4,526) 7,636 1,448 (26,018) (26,018) (1,279)	134 (5) (15,872) (5,380) (2,670) (4,526) 7,636 999 (4,811) - (1,279)

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Corp. Marketech International Corp. Marketech International Corp. Marketech International Corp. Smart Group Solutions Corp. Market Go Profits Ltd. Marketech Engineering Pte. Ltd. MIC-Tech Ventures Asia Pacific Inc. MIC-Tech Ventures Asia Pacific Inc. MIC-Tech Ventures Asia Pacific Inc. MIC-Tech Ventures Asia Pacific Inc. Russky H.K. Limited DuDoo Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn Solutions Singapore Pte. Ltd. Ennoconn Solutions	Corporation Germany GmbH MIC Industrial Viet Nam Co., Ltd. MarkeTop Smart Solutions Co., Ltd. Marketech International (Thailand) Corp., Ltd. Ezoom Information, Inc. MIC-Tech Ventures Asia Pacific Inc. Marketech Integrated Construction Co., Ltd. Russky H.K. Limited MICT International Limited Leader Fortune Enterprise Co., Ltd. Fortune Blessing Co., Limited PT Marketech International Indonesia uniEat Co., Ltd. ENNOCONN MALAYSIA SDN. BHD. Nera Telecommunications Ltd Ennoconn Australia PtyLtd	Vietnam Taiwan Thailand Taiwan Cayman Islands Myanmar Hong Kong Hong Kong Samoa Hong Kong Indonesia Taiwan Malaysia Singapore Australia	business; technical services; professional engineering contracting and related maintenance services Assembly and testing of refrigeration equipment on an OEM basis Sales and services of smart medical components; general international trade and import/export business Professional engineering contracting and related maintenance services; sales of medical devices; general international trade industry; services of automatic production, machinery and components R&D, sales, and consulting services for information system software and hardware applications; sales of medical devices Investment Holding and Reinvestment Contracting of Engineering Services Investment Holding and Reinvestment Investment Holding and Reinvestment Investment Holding and Reinvestment Investment Holding and Reinvestment Trading of machinery equipments and components Software services Industrial control equipment sales Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales of computers andperipheral	39,567 30,600 4,739 44,930 1,293,932 27,083 34,551 - 8,990 45,985 32 120,506 10,754 428,753 65,374	39,567 30,600 4,739 44,930 1,293,932 27,083 34,551 132,282 8,990 45,985 32 - 10,754 428,753 65,374	- 3,060,000 3,999,998 5,000,000 40,016,604 92,000 833,000 5,400,000 303,000 500,000 1,000 10,700,000 1 230,791,464 2,999,000	100.00% 51.00% 100.00% 100.00% 100.00% 98.40% 100.00% 60.00% 31.43% 27.78% 0.08% 100.00% 100.00% 63.77% 99.97%	28,100 28,752 4,758 56,763 2,807,185 2,560 22,140 - (1,495) 5,951 33 51,036 10,754 599,479 62,341	- 3,060,000 3,999,998 5,000,000 40,016,604 92,000 833,000 5,400,000 303,000 500,000 1,000 10,700,000 1 230,791,464 2,999,000	(1,226) (1,712) (162) (4,619) 382,560 4 (3,977) 58 445 (1,632) 458 4,454 1,347 (22,153) (370)	(1,226) (873) (162) (4,619) - - - - - - - 4,454 1,347 (13,652) (370)

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Singapore Pte. Ltd. Ennoconn Solutions Singapore Pte. Ltd. Ennoconn Solutions Singapore Pte. Ltd. Ennoconn Solutions Singapore Pte. Ltd. Ennoconn Solutions Singapore Pte. Ltd. Ennoconn Australia Pty Ltd Nera Telecommunications Ltd Nera Telecommunications Ltd Nera Telecommunications Ltd Nera Telecommunications Ltd Nera Telecommunications Ltd Nera Telecommunications Ltd Nera Telecommunications Ltd	Ennoconn India Corporation Private Limited Ennoconn Philippines Corporation EnnoAI Solutions Singapore Pte Ltd Vecow Japan Ennoconn New Zealand Limited Nera Networks (S) Pte Ltd Nera (Thailand) Limited Nera (Philippines), Inc. Nera Infocom (M) Sdn. Bhd. P.T. Nera Indonesia Nera Telecommunications (Australia) Pty Ltd Nera (Malaysia) Sdn. Bhd.	India Philippines Singapore Japan New Zealand Singapore Thailand Philippines Malaysia Indonesia Australia Malaysia	equipment Global supply chain and quality management center for IoT and AIoT Global R&D Center for IoT and AIoT Information technology consulting services Telecommunication machinery equipment, electronic equipment and electronic devices Sales of computers and peripheral equipment Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales, installation, and maintenance of information technology equipment Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales, installation, and maintenance of communication equipment	312 6,845 - 21,608 9,980 24,770 34,830 517,982 5,573 197,912 4,087 10,007	- - - - - 24,770 34,830 517,982 5,573 197,912 14,590 10,007	80,750 119,998 - 9,990 50,000 1,000,000 210,000 252,500 500,000 3,990 500,000 1,100,000	95.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%	302 6,845 - 21,510 9,980 95,120 (25,604) (280,783) 17,889 156,240 1,444 155,961	80,750 119,998 - 9,990 50,000 1,000,000 210,000 252,500 500,000 3,990 500,000 1,100,000	- - - (332) - 681 (3,937) (13,878) (29) (9,793) (9) (2,430)	- - - (332) - 681 (3,937) (13,878) (29) (9,793) (14,350) 219,638

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Nera Telecommunications Ltd Nera Telecommunications Ltd Nera Telecommunications Ltd Nera Networks (S) Pte Ltd Nera Networks (S) Pte Ltd Nera Networks (S) Pte Ltd Nera Networks (S) Pte Ltd Nera Networks (S) Pte Ltd Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG	Nera Telecommunications (Vietnam) Co., Ltd. Nera Telecommunications (Myanmar) Company Limited Nera Telecommunications (India) Pvt. Ltd. Nera Telecommunications AS Nera Telecommunications Maroc S.A.R.L AU Nera Telecommunications (Pakistan) (Private) Limited Nera Telecommunications FZ- LLC Nera Telecommunications Holding (Thailand) Co., Ltd. Kontron Bulgaria EOOD Kontron Services Romania SRL Kontron Partners Hungary Kft. CBCX Technologies GmbH Kontron Austria GmbH Kontron Technologies GmbH S&T MEDTECH SRL, Romania	Vietnam Myanmar India Norway Morocco Pakistan United Arab Emirates Thailand Sofia, BG Bucharest, RO Budaors, HU Linz, AT Engerwitzdorf, AT Linz, AT Bucharest, RO	Installation, maintenance, service, and repair of information, communication, and telecommunication equipment Leasing maintenance services Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Sales, distribution, design, engineering, repair, installation, and maintenance of telecommunication systems and products for transmission networks and information technology networks Professional Investment Industrial Transport Software Software Industrial Software Industrial	1,660 3,294 14,119 15,055 36,464 6,065 1,655 115 177,987 901,784 16,007 1,358,686 898,441 616,938 419,945	1,660 3,294 14,119 15,055 36,464 6,065 1,655 115 177,987 901,784 16,007 1,358,686 898,441 616,938 419,945	- 1,000 1,500,000 2,700,000 57,908 350,000 200 1,000 32,620 109,993 3,000 36,336 32,702 35,000 105,000	100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 90.00% 100.00% 100.00%	(15,251) 2,003 (20,593) 135,210 53,401 (141,223) (12,023) (340) 245,270 140,525 7,397 375,149 1,078,000 469,567 321,403	- 1,000 1,500,000 2,700,000 57,908 350,000 200 1,000 32,620 109,993 3,000 36,336 32,702 35,000 105,000	(280) - - (5,754) (1,815) (2,437) (1,717) - 5,999 (25,541) 3,668 17,609 (340) 62 (526)	(280) - - (132,388) (1,815) 216,520 (1,717) - 5,999 (25,541) 3,668 17,609 (306) 62 (526)

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG Kontron AG KATEK SE KATEK SE KATEK SE KATEK SE KATEK SE KATEK SE KATEK SE KATEK SE KATEK SE KATEK GmbH KATEK GmbH beflex electronic GmbH Kontron Acquisition GmbH Kontron America Inc. Kontron Austria GmbH Kontron Austria GmbH, Austria Kontron Beteiligungs GmbH Kontron Beteiligungs GmbH Kontron d.o.o. Kontron d.o.o. Kontron d.o.o. Kontron d.o.o. Kontron electronics GmbH	Kontron Transportation GmbH Kontron AIS GmbH Kontron Beteiligungs GmbH Kontron d.o.o. Kontron Hartmann-Wiener GmbH Kontron Hungary Kft. Kontron SI d.o.o. Nextek Inc. beflex electronic GmbH KATEK Electronics Malaysia Sdn Bhd KATEK GmbH Katek Canada Inc. Kontron Solar GmbH eSystems MTG GmbH Kontron Leipzig GmbH KATEK Singapore Katek Hungary Kft. Katek Czech Republic s.r.o. KATEK Malaysia Sdn Bhd KATEK SE Bsquare EMEA Ltd. Kontron Electronics AG suntastic.solar GmbH Kontron Europe GmbH Kontron Acquisition GmbH Kontron DOOEL IskraCom OOO Iskratel Tashkent JSC Iskra Technologies Kontron Electronics Kft.	Vienna, AT Dresden, Germany Augsburg, DE Kranj, SI Koln, DE Budaors, HU Ljubljana, Sl Alabama, US Frickenhausen, DE Kuala Lumpur, MY Grassau, DE Ontario, CA Memmingen, DE Stuttgart, DE Leipzig, DE Singapore, SGP Gyor, HU Horni, CZ Kuala Lumpur, MY Munich, DE Trowbridge, UK Rotkreuz, CH Bisamberg, AT Ismaning, DE Munich, DE Skopje, MK Almaty, KZ Tashkent, UZ Yekaterinburg, RU Kapoly, HU	Transport Software Industrial Telecom Aerospace Software Telecom Aerospace Industrial Services ODM sales channel + support GreenTec GreenTec GreenTec ODM ODM ODM ODM Industrial sales channel + support Software GreenTec Industrial Industrial Telecom Telecom Telecom Telecom Industrial	633,140 581,819 9,267,260 953,335 675,858 517,055 1,566,201 346,489 605,591 19,065 823,792 461,637 539,550 602,436 899 2,957 172,656 26,106 - 6,807,223 162,887 97,119 227,755 8,891,952 6,832,520 14,269 - 68 40,681 80,396	633,140 581,819 9,267,260 953,335 675,858 517,055 1,566,201 346,489 605,591 19,065 823,792 461,637 539,550 602,436 899 2,957 172,656 26,106 - 6,807,223 162,887 97,119 227,755 8,891,952 6,832,520 14,269 - 68 40,681 80,396	10,000,000 51,000 25,001 9,709,275 51,129 98,000 1,100,000 2,946 25,000 640,735 53,000 784,478 4,167,000 100,000 25,000 59,984 1,506,000 34,180,000 22 12,619,752 246,243 2,000,000 50,000 23,600,100 25,000 309,000 15,365,000 8,798,207 760,000 3,713,620	100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 87.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 76.00% 48.00% 100.00%	2,282,693 584,907 8,913,720 1,782,423 472,353 257,867 236,654 912,414 185,482 401 978,410 249,042 569,925 509,611 184,541 (5,448) 478,345 394,263 - 4,202,093 (24,289) (67,526) 227,206 6,064,884 6,809,076 23,684 2,221 12,606 250,846 120,208	10,000,000 51,000 25,001 9,709,275 51,129 98,000 1,100,000 2,946 25,000 640,735 53,000 784,478 4,167,000 100,000 25,000 59,984 1,506,000 34,180,000 22 12,619,752 246,243 2,000,000 50,000 23,600,100 25,000 309,000 15,365,000 8,798,207 760,000 3,713,620	113,519 (1,413) (68,490) (2,996) 19,538 (4,610) (3,883) 22,620 (1,214) 135,295 (83,684) (8,072) 62,896 3,157 44,717 (872) 5,239 76,527 - (150,790) (8,802) (11,458) 4,435 (20,865) (96) 361 (2,881) (187) 2,487 1,167	113,519 (1,413) (68,490) (2,996) 19,538 (4,610) (3,883) 22,620 (1,214) 135,295 (83,684) (8,072) 62,896 3,157 44,717 (872) 5,239 76,527 - (131,187) (8,802) (11,458) 4,435 (20,865) (96) 361 (2,881) (142) 1,194 1,167

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Kontron Europe GmbH Kontron Europe GmbH Kontron Europe GmbH Kontron Europe GmbH Kontron Europe GmbH Kontron Europe GmbH Kontron Europe GimbH Kontron Europe GimbH Kontron Europe GmbH Kontron Leipzig GmbH Kontron Leipzig GmbH Kontron Solar GmbH Kontron Transportation Espana SL Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation GmbH Kontron Transportation GmbH	Kontron Asia Inc. Kontron Austria GmbH Kontron electronics GimbH Kontron America Inc. Kontron Canada Inc. Kontron Asia Pacific Design Sdn. Bhd. Kontron Modular Computers S.A.S. Kontron UK Ltd. JUMPtec GmbH KATEK. LT UAB Kontron Automotive GmbH (former Katek Du sseldorf GmbH) Kontron Solar Bulgaria EOOD Kontron Public Transport Arce S.A.U. Kontron Transportation Sp. z o.o. Kontron Transportation Espana SL Kontron Transportation Portugal Unipessoal LDA Kontron Transportation s.r.o. Kontron Transportation Deutschland GmbH Kontron Transportation France S.A.S Kontron Transportation UK. Ltd.	Taipei, TW Engerwitzdorf, AT GiroBbettlingen, DE San Diego, USA Boisbriand, CA Penang, MY Toulon, France Chichester, UK Deggendorf, DE Panevezys, LT Dusseldorf, DE Saedinenie, BG Bilbao, ES Warsaw, PL Madrid, Spain Lisboa, Portugal Prague, CZ Neu-Isenburg, GE Paris, FR Harrow, UK	sales channel + support Industrial Industrial sales channel + support sales channel + support sales channel + support Aerospace Aerospace Industrial GreenTec Industrial GreenTec Transport Transport Transport Transport Transport Transport Transport Transport	100,612 98,889 692,836 1,915,839 1,745,080 182,415 185,543 66,964 899 7,194 307,040 9,196 273,372 359 17,625 28,956 176,253 42,013 535,953 17,857	100,612 98,889 692,836 1,915,839 1,745,080 182,415 185,543 66,964 - 7,194 307,040 9,196 273,372 359 17,625 28,956 176,253 42,013 535,953 17,857	13,000 3,634 102,150 2,137,040 50,000,200 44,581,102 344,503 300,821 25,000 80,000 25,000 500,000 60,000 100,000 250,000 5,000 30,400,000 25,000 8,600,000 415,950	100.00% 10.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%	266,403 119,778 702,350 1,802,623 1,233,849 15,835 390,116 183,632 50,173 (7,064) 146,679 336,758 309,351 (45,407) (6,671) 52,518 190,181 (12,264) 548,250 250,584	13,000 3,634 102,150 2,137,040 50,000,200 44,581,102 344,503 300,821 25,000 80,000 25,000 500,000 60,000 100,000 250,000 5,000 30,400,000 25,000 8,600,000 415,950	11,490 (340) 2,988 (29,519) 74,803 (1,151) 26,496 8,735 55,737 - (6,960) (44,024) (865) (242) (4,284) 291 70,042 (7,305) 103,964 78,168	11,490 (34) 2,988 (29,519) 74,803 (1,151) 26,496 8,735 55,737 - (6,960) (44,024) (865) (242) (4,284) 291 70,042 (7,305) 103,964 78,168

Name of Investor	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	Ending Balance of Holdings	Ending Balance of Holdings	Ending Balance of Holdings	Highest Shareholding During the Period	Net Income (Loss) of the Investee Company for the Period	Investment Income (Loss) Recognized for the Period	Remarks
				End of the Current Period	End of the Prior Year	Number of Shares	Ratio %	Carrying Amount
Kontron Transportation GmbH Kontron Transportation GmbH	Kontron Public Transportation Kontron Transportation Schweiz AG	Diegem, BE Ittigen, CH	Transport Transport	505,510 -	505,510 -	11,318,887 12,000,000	100.00% 100.00%	5,218 (17,852)	11,318,887 12,000,000	56 50,249	56 50,249

Note 1: Calculated based on the financial statements of the investee company for the same period audited by the CPA and the shareholding ratio of the investing company. Note 2: The investment income (loss) recognized for the period includes the amortization of the difference between the investment cost and equity. Note 3: Kontron AG, Austria originally held 100% direct ownership of Kontron S&T AG, Germany. Due to an organizational restructuring, it now indirectly holds Kontron S&T AG, Germany through the establishment of Kontron Beteijigungs GmbH. Note 4: The original investment amount in the information about the investee company is translated at the spot exchange rate at the end of the period of the Bank of Taiwan.

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

INFORMATION ON INVESTMENT IN MAINLAND CHINA

For the Three Months Ended March 31, 2025

Table 8.

(1) Name, major businesses, and related information about investees in mainland China:

Unit: NT$ thousand

Name of investee company in Mainland China	Main business activities	Paid-in capital	Method of investment	The cumulative outward investment amount from Taiwan at the beginning of thisperiod	Investment amount exported or recovered thisperiod	Investment amount exported or recovered thisperiod	The cumulative outward investment amount from Taiwan at the ending of this period	Net income (loss) of investee company for the current period	Shareholding percentage held directly or indirectly by the Company	Highest shareholding or investment position during theperiod	Investment income (loss) recognized for the current period	Carrying amount of the investment at the end of the period	Investment income remitted back as of the end of the period
					Remittance	Recovery
Nanjing Asiatek Inc. Ennoconn (Foshan) Investment Co., Ltd. Ennoconn (Suzhou) Technology Co., Ltd. Ennoconn (Kunshan) Technology Co., Ltd. Ennoconn Investment Co., Ltd. Suzhou Huake Visual Technology Co., Ltd. Zhongsheng Huachi New Energy (Suzhou) Co., Ltd. Jiangsu Heguangshidu Intelligent Equipment Co., Ltd. Zhongsheng Huachi New Energy (Suzhou) Co., Ltd. Suzhou HuaShiDa Intelligent Technology Co., Ltd. Beijing Caswell Ltd. Highaim Technology Inc. Kunshan Liding Intelligent Equipment Co., Ltd.	Engaging in research, development, and sales of software and hardware products, as well as providing installation, debugging, and technical consulting services. Share capital and funds investment R&D, production, and sales of industrial computers Intelligent technology development and hardware sales Investment and Financing Services R&D and Consulting Charging pile Material handling equipment R&D and Consulting Manufacture of intelligence vehicle equipment Production and Sales of Network Communication Products Design, research and development, and production of various molds, servers, and communication equipment Rental, sales and after-sales service of intelligent and machinery equipment and its accessories	99,630 507,293 2,009,205 17,529 228,500 16,452 19,423 10,749 4,524 3,321 126,179 664,200 4,570	(2) (3) (2) (3) (3) (3) (3) (3) (3) (2) (2) (2) (3)	34,634 323,666 996,300 - 664,200 - - - - - 103,467 496,526 -	- - - - - - - - - - - - -	- - - - - - - - - - - - -	34,634 323,666 996,300 - 664,200 - - - - - 103,467 496,526 -	(1,584) (5,359) 4,393 1,114 (2,565) (907) (1,550) - ⑶ (5) (12,234) 563,158 -	100.00% 100.00% 100.00% 70.00% 100.00% 32.00% 40.00% 52.00% 99.00% 100.00% 25.99% 67.65% 67.65%	100.00% 100.00% 100.00% 70.00% 100.00% 32.00% 40.00% 52.00% 99.00% 100.00% 25.99% 67.65% 67.65%	(1,584) (5,359) 31,384 780 (2,565) (290) (620) - ⑶ (5) (3,180) 380,977 -	210,048 518,748 1,901,161 11,349 255,771 871 10,881 15,132 4,476 3,282 46,306 595,224 (5,611)	- - - - - - - - - - - - -
Goldtek Technology (Shenzhen) Co., Ltd. Techno Precision (Shenzhen) Co., Ltd.	R&D, wholesale, processing, and related supporting operations for electronic products, smart home security systems, and equipment Stamping/Assembly	431,665 98,164	(2) (2)	431,665 -	- -	- -	431,665 -	(36,613) (3,600)	56.74% 22.87%	56.74% 22.87%	(20,775) (823)	(107,853) (25,933)	- -

Name of investee company in Mainland China T-Paragon Metal (Shenzhen) Co., Ltd. MIC-Tech (Wuxi) Co., Ltd. Mic-Tech (Shanghai) Corp. Shanghai Maohua Electronics Engineering Co., Ltd. Mic-Tech Electronics Engineering Corp. Mic-Tech China Trading (Shanghai) Co., Ltd.	Main business activities Zinc/Aluminum Alloy Die Casting Production and sales of semiconductor devices, intelligent warehousing equipment, lighting fixtures, masks and labor protection products Sales, commission agency, import and export of semiconductor industry and other industries' equipment, consumables, chemicals, parts and components, and other related supporting businesses; equipment installation and maintenance services; bonded area trade agency and business consulting services Regeneration of exhaust drums, design, installation, commissioning and technical services for piping systems and related facilities used in the semiconductor manufacturing industry; equipment repair for semiconductor manufacturing industry Mechanical and electrical installation construction, professional decorative construction contracting, professional intelligent building construction contracting, professional electronic construction professional contracting and related technical services and technical consulting. Wholesale, commission agency, import and export, installation, maintenance and other related supporting businesses of chemical products, semiconductor and solar equipment consumables, machinery equipment and accessories; bonded area trade agency and business consultingservices	Paid-in capital 21,340 846,728 273,642 19,923 585,039 49,808	Method of investment (2) (2) (2) (2) (2) (2)	The cumulative outward investment amount from Taiwan at the beginning of this period - 680,703 16,603 20,023 282,907 49,808	Investment amount exported or recovered thisperiod	Investment amount exported or recovered thisperiod	The cumulative outward investment amount from Taiwan at the ending of this period - 680,703 16,603 20,023 282,907 49,808	Net income (loss) of investee company for the current period (111) (6,128) 194,089 (4,571) 129,499 69,081	Shareholding percentage held directly or indirectly by the Company 11.43% 41.28% 41.28% 35.91% 41.28% 41.28%	Highest shareholding or investment position during the period 11.43% 41.28% 41.28% 35.91% 41.28% 41.28%	Investment income (loss) recognized for the current period (13) (2,529) 80,120 (1,642) 53,457 28,517	Carrying amount of the investment at the end of the period 21,157 19,399 466,140 8,083 335,323 206,815	Investment income remitted back as of the end of the period - - 251,734 - 236,419 -
					Remittance - - - - - -	Recovery - - - - - -
Macrotec Technology (Shanghai) Co., Ltd.	Wholesale, commission agency, import and export, and related supporting businesses of electronic products, instruments and meters, metal products, and electromechanical equipment; international trade, re- export trade, bonded area enterprise	31,774	(2)	9,986			9,986	445	12.97%	12.97%	58	(619)

Name of investee company in Mainland China	Main business activities	Paid-in capital	Method of investment	The cumulative outward investment amount from Taiwan at the beginning of thisperiod	Investment amo or recovered	unt exported thisperiod	The cumulative outward investment amount from Taiwan at the ending of this period	Net income (loss) of investee company for the current period	Shareholding percentage held directly or indirectly by the Company	Highest shareholding or investment position during theperiod	Investment income (loss) recognized for the current period	Carrying amount of the investment at the end of the period	Investment income remitted back as of the end of the period
					Remittance	Recovery
Fortune International Corporation Comlab Beijing Radio Frequency Technology co. ltd. Kontron Technology Beijing Co. Ltd. Kontron Asia Embedded Design Sdn Bhd	trade, and intra- area trade agency R&D, design, manufacturing, sales, installation, maintenance and technical services related to equipment and materials for semiconductors; supply chain and property management services; accommodation services for park management; venue rental, conference, exhibition, warehousing services Software and Solutions Sales channel and Support Sales channel and Support	59,769 63,667 33,030 719	(2) (2) (2) (2)	16,603 - - -	- - - -	- - - -	16,603 - - -	(1,632) - (2,169) 419	11.47% 13.17% 28.64% 28.64%	11.47% 13.17% 28.64% 28.64%	(187) - (621) 120	2,441 20,664 136,283 117	- - - -

(2) Investment limit in mainland China:

Company Name	Accumulated amount of remittance from Taiwan to Mainland China as of the end of theperiod	Approved investment amount by the Investment Commission of the Ministry of Economic Affairs	Ceiling on investments in Mainland China imposed by the Investment Commission of the Ministry of Economic Affairs
Ennoconn Corporation Goldtek Technology Co., Ltd. Casewell Inc. Ennoconn International Investment Co., Ltd. Marketech International Corp.	2,018,800 773,439 103,467 360,104 1,301,304	4,212,602 773,439 103,467 593,279 2,548,842	14,384,380 951,046 2,033,075 6,325,041 7,877,539

Note 1: Investment methods are classified into the following three categories, just indicate the category: (1) Directly invest in a company in Mainland China.

(2) Invest in Mainland China through a company in a third region (please specify the name of the company in the third region).

(3) Others

Note 2: In the "Investment income (loss) recognized for the current period" column:

(1) It should be indicated if the investee is still in the incorporation stage and has not yet generated any profit or loss.

(2) Indicate the basis for investment income (loss) recognition in (2), which should be one of the following three categories:

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

B. The financial statements that are audited and attested by the parent company's CPA in Taiwan.

C. Others

Note 3: The exchange rate is based on the spot average exchange rate of the Bank of Taiwan on March 31, 2025. Note 4: They are non-significant associates, and their unaudited financial statements do not result in material impact.

AI assistant

ENNOCONN — Interim / Quarterly Report 2025

52557_rns_2026-04-29_c11956a2-ed20-4282-a635-ceb3124a3541.pdf

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

Notice to Reader

§TABLE OF CONTENTS§

INDEPENDENT AUDITORS’ REVIEW REPORT

Preface

Scope

Basis for Qualified Opinion

Qualified Opinion

Matters for Emphasis

KPMG Taiwan

Notice to Reader

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

CONSOLIDATED BALANCE SHEET

March 31, 2025, December 31, 2024 and March 31, 2024

ENNOCONN CORPORATION AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Three Months Ended March 31, 2025 and 2024

ENNOCONN CORPORATION AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Three Months Ended March 31, 2025 and 2024

ENNOCONN CORPORATION AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS Three Months Ended March 31, 2025 and 2024

CONSOLIDATED STATEMENT OF CASH FLOWS (Continued) Three Months Ended March 31, 2025 and 2024

ENNOCONN CORPORATION AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Three Months Ended March 31, 2025 and 2024 (Unless otherwise specified, all amounts are in NT$ thousand)

1. Formation History

2. Financial Statements Approval Dates and Procedures

3.

Adoption of Newly Issued and Revised Regulations and Interpretations

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

4. Summary of Significant Accounting Policies

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(6) Business Combinations

5. Significant Accounting Judgments, Estimates and Major Sources of Estimation Uncertainty

6. Explanation of Significant Accounts

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(4) Notes Receivable and Accounts Receivable

(5) Inventories

(6) Disposal Groups for Sale

(8) Business Combinations

c. Goodwill

c. Goodwill

(9) Changes in Ownership Interests in Subsidiaries

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(10) Subsidiaries with Material Non-Controlling Interests

a. Consolidated Financial Information of Caswell Inc. and its Subsidiaries

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

b. Consolidated Financial Information of Kontron AG and its Subsidiaries

c. Consolidated financial information of Marketech International Corp. and its Subsidiaries

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(11) Property, Plant, and Equipment

(12) Intangible Assets

(13) Right-of-Use Assets

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(16) Long-Term Borrowings

2025.3.31

(17) Corporate Bonds Payable

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

(18) Lease Liabilities

(19) Employee Benefits

a. Defined Benefit Plan

b. Defined Contribution Plans

(20) Income Tax

a. Income Tax Expense

(21) Capital and Other Equity

Ennoconn Corporation and its Subsidiaries Notes to Consolidated Financial Statements (Continued)

b. Capital Surplus

c.

Retained Earnings

(b) Special Reserve

(c) Earnings Distribution

(d) Other Equity (Net of Tax) and Non-Controlling Interests

(22) Earnings per Share

(b) Weighted average outstanding common stocks

(c) Diluted earnings per share

ENNOCONN Interim / Quarterly Report 2025