FITH — Investor Presentation 2021

Nov 22, 2021

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永崴投資控股股份有限公司 FIT Holding Co., Ltd.

法人說明會 Investor Conference 2021 年 11 月 22 日

Foxlink Confidential

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Agenda

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1. Company Profile

2. Operation Overview

3. Future Operation Strategy of Major Subsidiaries

Foxlink Confidential

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Company Profile

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Date of Incorporation : October 1 ,2018

Amount of Capitan : NT$2,462,421,460

Address : No.49,Sec.4 Zhongyang Rd.,Tucheng Dist.New Tapiei City 236,Taiwan,R.O.C.

Chairman : T.C. Gou Company History:

2018:The company was jointly established by Glory Science Co., Ltd., Power Quotient International Co., Ltd. and Foxlink Image Technology Co., Ltd. 2019:Invested in hydropower and obtain 100% equity of Shih Fong. 2020:Subsidiary -Shinfox Energy Listed in Emerging Stock Market. 2021:Subsidiary -Shinfox Energy Listed in Taiwan Stock Exchange Corporation.

Foxlink Confidential

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Company Organization

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Foxlink Confidential

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Financial status

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Jan.~Sep.2021

	Jan.~Sep. 2021	Jan.~Sep. 2021	Jul.~Sep. 2020	Jul.~Sep. 2020	Jan.~Sep. 2019	Jan.~Sep. 2019
Items	NT$'000	%	NT$'000	%	NT$'000	%
Operating revenue	6,259,013	100%	4,565,877	100%	6,301,017	100%
Operating cost	(5,072,940)	(81%)	(4,070,388)	(89%)	(5,810,437)	(92%)
Gross Profit	1,186,073	19%	495,489	11%	490,580	8%
Operating expenses	(876,791)	(14%)	(794,672)	(18%)	(870,296)	(14%)
Operating income(loss)	309,282	5%	(299,183)	(7%)	(379,716)	(6%)
Non-Operating income and expenses	172,162	3%	216,362	5%	216,092	3%
Net income(loss)	353,658	6%	(161,084)	(3%)	(222,373)	(4%)
Net (loss) income attributable to:Shareholders of the parent	230,279	4%	(168,459)	(3%)	(221,941)	(4%)
Earinings (loss) per share	0.94		(0.68)		(0.82)

Foxlink Confidential

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Financial status

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Revenue and profitability of major subsidiaries

		Jan.~Sep.2021	Jan.~Sep.2021	Jan.~Sep.2020	Jan.~Sep.2020	YoY
Items		NT$'000	%	NT$'000	%	%
	Operating revenue	3,327,159	53%	3,209,919	70%	4%
Foxlink Image	Netincome	364,645		266,687		37%
	Operating revenue	240,902	4%	355,203	8%	(32%)
Glorytek	Net loss	(315,073)		(424,017)		26%
	Operating revenue	38,590	1%	116,164	3%	(67%)
PQI	Net income(loss)	62,474		(7,312)		954%
	Operating revenue	878,161	14%	687,634	15%	28%
DG	Netincome	6,766		3,119		117%
	Operating revenue	1,774,201	28%	196,957	4%	801%
Shinfox Energy	Netincome	303,173		16,722		1713%
	Operating revenue	2,690,952	43%	1,000,755	22%	169%
Subtotal-PQI	Net income	372,413		12,529		2872%
	Operating revenue	0	0%	0	0%	-
Shih Fong	Netloss	(3,186)		(2,115)		(51%)
	Operating revenue	0	0%	0	0%	-
FIT Holding	Netincome	(65,141)		(14,168)		(360%)
	Operating revenue	6,259,013	100%	4,565,877	100%	37%
TOTAL	Net income(loss)	353,658		(161,084)		320%

Foxlink Confidential

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Products information

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1. Foxlink image has own developed image processing chips that meet low, medium to high-end prices markets/specifications.

2. Foxlink image has developed high-end, single- and double-sided, A3A4 size automatic paper-feeding document modules and scanners.

3. Continue improving on scanning design, optics, and AI which supports in image processing.

Foxlink Confidential

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Revenue overview and future operation plan

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Revenue Status:

ITEM	SCANNER	ADF	OTHER	TOTAL
Jan.~Sep. 2020 REVENUE	1,739,653	1,419,231	51,035	3,209,919
Jan.~Sep. 2021 REVENUE	1,799,214	1,458,030	69,915	3,327,159
YoY %	3%	3%	37%	4%

Future operation plans:

• Revenue and profit of this year is growing slightly under the circumstance of lacking material.

• If the source of material is stable next year, revenue and profit will continue to grow slightly.

Foxlink Confidential

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Optical communication products
main products information
Optical Lens
AOC
Mobile Device
Transceiver
Portable
Device
Notebook
LC Lens
Optical Precision
Lens
components
AOC Lens
Time of Flight
Lens
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Foxlink Confidential

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Revenue overview and future operation plan

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Revenue Status:

ITEM	Optical Lens	Optical Communicati on Product	TOOLING	OTHER	TOTAL
Jan.~Sep. 2020 REVENUE	186,730	92,825	2,926	72,723	355,203
Jan.~Sep. 2021 REVENUE	139,573	85,826	10,065	5,439	240,902
YoY %	-25%	-8%	244%	-93%	-32%

Future operation plans:

• Mainly focus on NB lens, particularly products as secondary.

• Add cell phone related products to Optical communication.

• To develop automatic detection technology to improve product yield efficiency, consolidation resources (sites & labor) to reduce the overall operating cost.

Foxlink Confidential

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main products information

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Foxlink Confidential

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DG

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Foxlink Confidential

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Revenue overview and future operation plan

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ITEM	PQI-自有品牌 PQI Product	PQI-DG
Jan.~Sep. 2020 REVENUE	116,164	687,634
Jan.~Sep. 2021 REVENUE	38,590	878,161
YoY %	-67%	28%

Future operation plans:

PQI

• Plan for differentiated new products and seek transformation.

• Rearrangement in Costco, and add new partners, E-Life corporation 、 Hi-Life International Co.,Ltd.,etc.

DG channel

• Under the severe pandemic last year, the revenue declined due to the boarder closure which leads to no tourists. However, the profit grew for the subsidy from Hong Kong government.

• The pandemic has slowed down this year. As the shortage of Apple new product, the price has increased for sales in Hong Kong, and both revenue and profit have increased compared with last year.

• It is expected that after the pandemic slows down and countries gradually open their borders, they are optimistic about sales in 2022.

Foxlink Confidential

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Products information

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Foxlink Confidential

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Revenue overview and future operation plan
Revenue Status: (EXPRESSED IN THOUSANDS OF NT DOLLARS)
PQI-
ITEM
SHINFOX ENERGY
Jan.~Sep. 2020 REVENUE 196,957
Jan.~Sep. 2021 REVENUE 1,774,282
YoY % 801%
Future operation plans:
Foxlink Confidential 15
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Revenue overview and future operation plan

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Foxlink Confidential

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Shareholders Structure ：

• Foxlink Image Technology Co.,Ltd. , Holding 34.7%

• C&C Investment Corporation, Holding 25%

• National Development Fund,Executive Yuan, Holding 20%

• FIT Holding Co.,Ltd, Holding 16.3%

• Cathay Life Insurance, Holding 4%

Future operation plans:

• Fengping River Hydropower Project

• Investment ：NT$5 billion

• Expected to be constructed in 4 years(2021-2025)

• Installation capacity：37,100 KW

• Power generation：200million kWh/Year

• Endurance life： more than 35 years

• Important contract description：

• 2019:First bid for temporary construction electrical equipment project and second bid for key path project 2020:The civil engineering of the 1[st] and 2[nd] hydropower plant started

2021: 3 billion joint loan project sponsored by Entie Bank

• Estimated 2022:Signing of the project of turbine-generator installation and hydraulic machinery

Foxlink Confidential

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Thank you

Foxlink Confidential

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