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CHENG UEI PRECISION INDUSTRY CO., LTD.

PARENT COMPANY ONLY FINANCIAL

STATEMENTS AND INDEPENDENT AUDITORS’ REPORT

DECEMBER 31, 2025 AND 2024

For the convenience of readers and for information purpose only, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chinese-language auditors’ report and financial statements shall prevail.

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CHENG UEI PRECISION INDUSTRY CO., LTD.

DECEMBER 31, 2025 AND 2024 PARENT COMPANY ONLY FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT TABLE OF CONTENTS

Contents	Page
1. Cover Page	1
2. Table of Contents	2 ~ 3
3. Independent Auditors' Report	4 ~ 13
4. Parent Company Only Balance Sheets	14 ~ 15
5. Parent Company Only Statements of Comprehensive Income	16
6. Parent Company Only Statements of Changes in Equity	17
7. Parent Company Only Statements of Cash Flows	18
8. Notes to the Parent Company Only Financial Statements	19 ~ 82
(1) HISTORY AND ORGANIZATION	19
(2) THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE PARENT COMPANY ONLY FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORIZATION	19
(3) APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS	19 ~ 20
(4) SUMMARY OF MATERIAL ACCOUNTING POLICIES	21 ~ 31
(5) CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND	31 ~ 32

Contents

Page

KEY SOURCES OF ASSUMPTION UNCERTAINTY

(6) DETAILS OF SIGNIFICANT ACCOUNTS 32 ~ 60
(7) RELATED PARTY TRANSACTIONS 61 ~ 70
(8) PLEDGED ASSETS 70
(9) SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS 71
(10) SIGNIFICANT DISASTER LOSS 71
(11) SIGNIFICANT SUBSEQUENT EVENTS 71 ~ 72
(12) OTHERS 72 ~ 78
(13) SUPPLEMENTARY DISCLOSURES 79 ~ 82
(14) SEGMENT INFORMATION 82

Statements of Major Accounting Items 83 ~ 100

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INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

PWCR 25000655

To the Board of Directors and Stockholders of Cheng Uei Precision Industry Co., Ltd.

Opinion

We have audited the accompanying parent company only balance sheets of Cheng Uei Precision Industry Co., Ltd. (the “Company”) as at December 31, 2025 and 2024, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the parent company only financial statements, including a summary of material accounting policies.

In our opinion, based on our audits and the reports of other auditors (please refer to the Other matter section), the accompanying parent company only financial statements present fairly, in all material respects, the parent company only financial position of the Company as at December 31, 2025 and 2024, and its parent company only financial performance and its parent company only cash flows for the years then ended, in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Basis for opinion

We conducted our audits of the parent company only financial statements in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagement of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the parent company only financial statements section of our report. We are independent of the Company in accordance with the Norm of Professional Ethics for Certified Public Accountants of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the parent company only financial statements of the current period. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matters for the Company’s parent company only financial statements of the year ended December 31, 2025 are stated as follows:

Valuation of goodwill impairment for the investments accounted for under the equity method / subsidiaries

Description

Please refer to Note 4(11) in the parent company only financial statements for accounting policies on investments accounted for under the equity method, Note 6(5) in the parent company only financial statements for details of investments accounted for under the equity method, Note 4(21) in the consolidated financial statements for accounting policies on impairment loss on non-financial assets, Note 5(2)A in the consolidated financial statements for the uncertainty of accounting estimates and assumptions applied to goodwill impairment valuation, and Note 6(12) in the consolidated financial statements for details of intangible assets.

The amount of goodwill (including indefinite useful life trademarks) was derived from the acquisition of Foxlink Image Technology Co., Ltd. and DG Lifestyle Store Limited by the Company’s subsidiary, FIT Holding Co., Ltd. The Company valued the impairment of goodwill through the discounted cash flow method, using the higher of value in use or fair value less costs to sell to measure the cash generating unit’s recoverable amount. As the assumptions of expected future cash flows contained subjective judgement and involved a high degree of uncertainty which would cause a material impact on the valuation result, the valuation of goodwill impairment was identified as a key audit matter.

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How our audit addressed the matter

We performed the following audit procedures on the above key audit matter:

A. Obtained an understanding and assessed the reasonableness of valuation of goodwill impairment policies and procedures, including collection of internal and external data, operating forecast and industry changes.

B. Obtained the external appraisal report on impairment valuation and performed the following procedures:

(a) We examined the external appraiser’s qualification and assessed the independence, objectiveness and competence.

(b) We assessed that the valuation method used in the appraisal report was widely used and appropriate.

(c) We assessed the reasonableness of significant assumptions (including expected growth rate and discount rate) applied in the appraisal report.

Recognition of construction revenue-assessment on the stage of completion for the investments accounted for under the equity method

Description

Please refer to Note 4(11) in the parent company only financial statements for accounting policies on investments accounted for under the equity method, Note 6(5) in the parent company only financial statements for details of investments accounted for under the equity method, Note 4(31) in the consolidated financial statements for accounting policies on construction contracts, and Note 5(2)C in the consolidated financial statements for the uncertainty of critical judgement, accounting estimates and assumptions applied to construction contracts. As of December 31, 2025, contract assets, contract liabilities and construction revenue of each subsidiary of the Company amounted to $10,889,106 thousand, $66,119 thousand and $24,064,455 thousand, respectively, refer to Note 6(24) in the consolidated financial statements for details.

Construction revenue and costs of each subsidiary of the Company mainly arise from undertaking construction works. If the outcome of a construction contract can be estimated reliably, profit or loss should be recognised by reference to the stage of completion of the contract activity, using the percentage-of-completion method of accounting, over the contract term. The stage of completion of a construction contract is measured by the proportion of contract costs incurred for the construction performed as of the financial reporting date to the estimated total costs for the construction contract, and revenue is recognised over time.

The aforementioned estimated total costs are assessed by the management based on the different nature of constructions and the price fluctuations in the market to estimate the costs for each construction activity such as estimated subcontract charges and material and labor expenses, and the complexity of aforementioned total cost usually involves subjective judgement and contains a high degree of uncertainty, which may affect the construction revenue recognition, thus, we consider the assessment on the stage of completion which was applied on construction revenue recognition as a key audit matter.

How our audit addressed the matter

We performed the following audit procedures on the stage of completion as described on the above key audit matter:

A. Obtained an understanding on the nature of business and industry, and assessed the reasonableness of internal process applied to estimate total construction cost, including the basis for estimating the expected total cost for construction contracts of the same nature.

B. Assessed and tested the internal controls used by the management to recognise construction revenue based on the stage of completion, including checking the supporting documents of additional or reduced construction and significant construction performed in the period.

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C. Sampled and tested the subcontracts that have been assigned, and assessed the basis and reasonableness of estimating costs for those that have not been assigned.

D. Performed substantive procedures relating to the construction profit or loss statement, including sampling and verifying the costs incurred in the period with the appropriate evidence, and recalculating and confirming that construction revenue calculated based on the stage of completion had been accounted for appropriately.

Assessment of allowance for inventory valuation losses of the Company and investments accounted for under the equity method

Description

Please refer to Note 4(10) for accounting policies on inventory, Note 5 for the uncertainty of accounting estimates and assumptions applied to inventory valuation, and Note 6(4) for details of inventory. Please refer to Note 4(11) for accounting policies on investments accounted for under the equity method, Note 5 for the uncertainty of accounting estimates and assumptions applied to impairment assessment of investments accounted for under the equity method, Note 6(5) for details of inventory, and Tables 7 and 8 for details of investments accounted for under the equity method.

As of December 31, 2025, the balances of inventory and allowance for inventory valuation losses were NT$2,477,407 thousand and NT$18,126 thousand, respectively; and the balance of investments accounted for under the equity method was NT$40,828,485 thousand.

Cheng Uei Precision Industry Co., Ltd. and subsidiaries are primarily engaged in the manufacturing and sale of electronic components and parts. As the electronic products' life cycles are relatively short and the market is highly competitive, there is a higher risk of incurring inventory valuation losses or obsolescence due to economic depression or an excess of supply over demand. The Company's inventories are measured at the lower of cost and net realisable value, and individually assessed for those inventories over a certain

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age in order to identify obsolete or slow-moving inventories.

The industry technology is rapidly changing, and the net realisable value involves subjective judgement resulting in an uncertainty when assessing the obsolete or slow-moving inventories. Given that the inventory and allowance for inventory valuation losses were material to the financial statements, the assessment of allowance for inventory valuation losses was identified as a key audit matter.

How our audit addressed the matter

We performed the following audit procedures on the above key audit matter:

A. Assessed the reasonableness of policies and procedures on allowance for inventory valuation losses based on our understanding of the Company's operation and industry.

B. Obtained an understanding of the Company's warehousing control procedures. Reviewed annual physical inventory count plan and participated in the annual inventory count event in order to assess the effectiveness of the management of inventory.

C. Verified whether the systematic logic used in the Company's inventory aging report is appropriate and in line with its policies.

D. Inspected inventory valuation basis adequacy and verified the selected samples' information, for instance, purchase price and sale price. Also recalculated and evaluated the reasonableness of inventory allowance basis in order to verify that the inventory was measured at the lower of cost and net realisable value.

Other matter - Reference to the reports of other auditors

We did not audit the parent company only financial statements of certain investees accounted for under the equity method which reflect the balance of investments of NT$10,558 thousand and NT$240,721 thousand as at December 31, 2025 and 2024, constituting 0.02% and 0.33% of total assets; total comprehensive income (including share of profit of subsidiaries, associates and joint ventures accounted for under the equity method, and share of other comprehensive income of subsidiaries, associates and joint

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ventures accounted for under the equity method) of NT$2,968 thousand and NT$(2,788) thousand, for the years ended December 31, 2025 and 2024, constituting (0.09%) and (0.09%) of total comprehensive income, respectively. Those financial statements and the information disclosed in Note 13 were audited by other auditors whose report thereon have been furnished to us, and our opinion expressed herein is based solely on the reports of the other auditors.

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

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

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

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

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

Our objectives are to obtain reasonable assurance about whether the parent company only financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these parent company only financial statements.

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

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

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

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

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

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

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

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

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

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From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the parent company only financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Chou, Hsiao-Tzu

Lin, Kuan-Hung

For and on behalf of PricewaterhouseCoopers, Taiwan

March 31, 2026

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

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

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CHENG UEI PRECISION INDUSTRY CO., LTD.
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

Assets	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
CURRENT ASSETS
1100	Cash and cash equivalents	6(1)	$ 3,423,484	5	$ 1,875,369	3
1170	Accounts receivable, net	6(3)	7,635,434	11	9,034,207	12
1180	Accounts receivable, net - related parties	7	1,609,080	2	3,937,222	5
1197	Finance lease receivable, net	7	341,806	1	-	-
1200	Other receivables		2,737	-	4,205	-
1210	Other receivables - related parties	7	9,385,142	13	7,968,876	11
1220	Current tax assets		63,087	-	63,088	-
130X	Inventories	6(4)	2,459,281	4	2,311,973	3
1410	Prepayments	7	141,635	-	315,998	1
11XX	TOTAL CURRENT ASSETS		25,061,686	36	25,510,938	35
NON-CURRENT ASSETS
1535	Non-current financial assets at amortised cost	6(2) and 8	8,937	-	8,937	-
1550	Investments accounted for under the equity method	6(5) and 7	40,828,485	59	44,132,870	60
1600	Property, plant and equipment	6(6) and 7	886,514	1	2,878,837	4
1755	Right-of-use assets	6(7) and 7	188,071	-	60,908	-
1760	Investment property, net	6(8)	876,060	1	672,306	1
1780	Intangible assets	6(9)	33,358	-	23,449	-
1840	Deferred income tax assets	6(26)	236,433	1	122,288	-
1915	Prepayments for business facilities	6(6)	102,391	-	107,946	-
1930	Long-term notes and accounts receivable	7	1,383,555	2	-	-
1990	Other non-current assets, others	8	11,759	-	11,759	-
15XX	TOTAL NON-CURRENT		44,555,563	64	48,019,300	65
1XXX	TOTAL ASSETS		$ 69,617,249	100	$ 73,530,238	100

(Continued)

CHENG UEI PRECISION INDUSTRY CO., LTD.
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

LIABILITIES AND EQUITY	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
CURRENT LIABILITIES
2100	Current borrowings	6(11)	$ 2,600,000	4	$ 1,100,000	1
2130	Current contract liabilities	6(19)	204,302	-	233,089	-
2170	Accounts payable		234,707	-	602,883	1
2180	Accounts payable - related parties	7	15,268,095	22	15,335,597	21
2200	Other payables	6(12)(29) and 7	6,998,916	10	8,932,413	12
2230	Current income tax liabilities	6(26)	258,183	-	9,355	-
2280	Current lease liabilities	7	12,710	-	6,703	-
2320	Long-term liabilities, current portion	6(13)(14)	13,000,000	19	4,215,539	6
2365	Current refund liabilities		31,060	-	153,525	-
2399	Other current liabilities, others		18,379	-	11,563	-
21XX	TOTAL CURRENT LIABILITIES		38,626,352	55	30,600,667	41
NON-CURRENT LIABILITIES
2540	Long-term borrowings	6(14)	7,650,000	11	15,650,000	22
2570	Deferred income tax liabilities	6(26)	772,610	1	893,697	1
2580	Non-current lease liabilities	7	177,503	-	54,751	-
2600	Other non-current liabilities	6(5)(15)	380,664	1	119,829	-
25XX	TOTAL NON-CURRENT LIABILITIES		8,980,777	13	16,718,277	23
2XXX	TOTAL LIABILITIES		47,607,129	68	47,318,944	64
EQUITY
	Capital stock	6(16)
3110	Common stock		5,123,269	7	5,123,269	7
	Capital reserve	6(17)
3200	Capital surplus		11,379,482	17	10,814,659	15
	Retained earnings	6(18)
3310	Legal reserve		3,733,884	5	3,563,233	5
3320	Special reserve		1,384,022	2	2,673,428	4
3350	Unappropriated earnings		2,836,355	4	6,043,502	8
	Other equity
3400	Other equity interest		( 1,824,118 )	( 2 )	( 1,384,023 )	( 2 )
	Treasury shares	6(16)
3500	Treasury shares		( 622,774 )	( 1 )	( 622,774 )	( 1 )
3XXX	TOTAL EQUITY		22,010,120	32	26,211,294	36
	Significant contingent liabilities and unrecognised contract commitments	9
	Significant events after the balance sheet date	11
3X2X	TOTAL LIABILITIES AND EQUITY		$ 69,617,249	100	$ 73,530,238	100

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

CHENG UEI PRECISION INDUSTRY CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2023 AND 2024

(Expressed in thousands of New Taiwan dollars, except (loss) earnings per share amount)

	Items	Notes	Years ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
4000	Operating revenue	6(19) and 7	$ 44,143,747	100	$ 55,833,365	100
5000	Operating costs	6(4)(25) and 7	( 42,881,680)	( 97)	( 55,460,565)	( 100)
5900	Gross (loss) profit		1,262,067	3	372,800	-
	Operating expenses	6(25) and 7
6100	Sales and marketing expenses		( 121,255)	-	( 170,454)	-
6200	General and administrative expenses		( 715,050)	( 2)	( 765,729)	( 1)
6300	Research and development expenses		( 767,598)	( 2)	( 902,846)	( 2)
6450	Expected credit gain		5,901	-	1,352	-
6000	Total operating expenses		( 1,598,002)	( 4)	( 1,837,677)	( 3)
6900	Operating (loss) income		( 335,935)	( 1)	( 1,464,877)	( 3)
	Non-operating income and expenses
7100	Interest income	6(20) and 7	198,793	-	142,522	-
7010	Other income	6(8)(21) and 7	376,494	1	309,549	1
7020	Other gains and losses	6(10)(22)	1,111,497	3	281,992	1
7050	Finance costs	6(23)	( 452,895)	( 1)	( 375,722)	( 1)
7070	Share of profit of the subsidiaries, associates and joint ventures accounted for under the equity method	6(5)
			( 3,879,693)	( 9)	2,784,480	5
7000	Total non-operating income and expenses		( 2,645,804)	( 6)	3,142,821	6
7900	(Loss) income before income tax		( 2,981,739)	( 7)	1,677,944	3
7950	Income tax (expense) benefit	6(26)	( 83,885)	-	9,202	-
8200	Net (loss) income		( $ 3,065,624)	( 7)	$ 1,687,146	3
	Other comprehensive (loss) income, net
	Components of other comprehensive income that will not be reclassified to profit or loss
8311	Gain on remeasurements of defined benefit plans	6(15)	$ 21,486	-	$ 23,572	-
8330	Share of other comprehensive income of the subsidiaries, associates and joint ventures accounted for under the equity method, components of other comprehensive income that will not be reclassified to profit or loss		( 159,823)	-	215,201	-
8349	Income tax related to components of other comprehensive income that will not be reclassified to profit or loss	6(26)
			( 4,297)	-	( 4,714)	-
8310	Total components of other comprehensive (loss) income that will not be reclassified to profit or loss		( 142,634)	-	234,059	-
	Components of other comprehensive income (loss) that will be reclassified to profit or loss
8361	Exchange differences arising on translation of foreign operations		( 414,557)	( 1)	1,333,001	2
8380	Share of other comprehensive income of the subsidiaries, associates and joint ventures accounted for under the equity method, components of other comprehensive income that will be reclassified to profit or loss		68,405	-	1,919	-
8399	Income tax related to components of other comprehensive income that will be reclassified to profit or loss	6(26)
8360	Total components of other comprehensive (loss) income that will be reclassified to profit or loss		( 69,230)	-	( 267,037)	-
	Other comprehensive (loss) income, net		( $ 276,922)	( 1)	1,067,883	2
8300	Total comprehensive (loss) income for the year		( $ 419,556)	( 1)	$ 1,301,942	2
8500	Basic (loss) earnings per share (in dollars)		( $ 3,485,180)	( 8)	$ 2,989,088	5
	Basic (loss) earnings per share (in dollars)
9750	Diluted (loss) earnings per share	6(27)	( $ 6.62)	$	3.65
9850	Diluted (loss) earnings per share	6(27)	( $ 6.62)	$	3.62

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

CHENG UEI PRECISION INDUSTRY CO., LTD.
PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Notes	Ordinary share	Capital surplus, additional paid-in capital	Retained earnings			Other equity interest		Treasury shares	Total equity
				Legal reserve	Special reserve	Unappropriated retained earnings	Exchange differences on translation of foreign financial statements	Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income
Year ended December 31, 2024
Balance at January 1, 2024		$ 5,123,269	$ 10,764,901	$ 3,445,937	$ 2,363,760	$ 5,788,610	($ 2,393,924)	($ 279,505)	($ 622,774)	$ 24,190,274
Net income for the year		-	-	-	-	1,687,146	-	-	-	1,687,146
Other comprehensive income		-	-	-	-	23,196	1,067,883	210,863	-	1,301,942
Total comprehensive income		-	-	-	-	1,710,342	1,067,883	210,863	-	2,989,088
Appropriation of 2023 earnings	6(18)
Legal reserve		-	-	117,296	-	( 117,296 )	-	-	-	-
Special reserve		-	-	-	309,668	( 309,668 )	-	-	-	-
Cash dividends		-	-	-	-	( 1,024,654 )	-	-	-	( 1,024,654 )
Changes in ownership interests in subsidiaries	6(5)(17)	-	122,095	-	-	-	-	-	-	122,095
Changes in net equity of associates and joint ventures accounted for under the equity method	6(5)(17)	-	( 110,149 )	-	-	-	-	-	-	( 110,149 )
Disposal of investments in equity instruments designated at fair value through other comprehensive income by subsidiaries	6(5)(17)	-	-	-	-	( 3,832 )	-	10,660	-	6,828
Cash dividends distributed to subsidiaries	6(17)	-	37,812	-	-	-	-	-	-	37,812
Balance at December 31, 2024		$ 5,123,269	$ 10,814,659	$ 3,563,233	$ 2,673,428	$ 6,043,502	($ 1,326,041 )	($ 57,982 )	($ 622,774 )	$ 26,211,294
Year ended December 31, 2025
Balance at January 1, 2025		$ 5,123,269	$ 10,814,659	$ 3,563,233	$ 2,673,428	$ 6,043,502	($ 1,326,041 )	($ 57,982 )	($ 622,774 )	$ 26,211,294
Net loss for the year		-	-	-	-	( 3,065,624 )	-	-	-	( 3,065,624 )
Other comprehensive (loss) income		-	-	-	-	20,539	( 276,922 )	( 163,173 )	-	( 419,556 )
Total comprehensive loss		-	-	-	-	( 3,045,085 )	( 276,922 )	( 163,173 )	-	( 3,485,180 )
Appropriation of 2024 earnings	6(18)
Legal reserve		-	-	170,651	-	( 170,651 )	-	-	-	-
Special reserve		-	-	-	( 1,289,406 )	1,289,406	-	-	-	-
Cash dividends		-	-	-	-	( 1,280,817 )	-	-	-	( 1,280,817 )
Changes in ownership interests in subsidiaries	6(5)(17)	-	320,645	-	-	-	-	-	-	320,645
Difference between consideration and carrying amount of subsidiaries acquired or disposed		-	( 20,404 )	-	-	-	-	-	-	( 20,404 )
Changes in net equity of associates and joint ventures accounted for under the equity method	6(5)(17)	-	217,332	-	-	-	-	-	-	217,332
Cash dividends distributed to subsidiaries	6(17)	-	47,263	-	-	-	-	-	-	47,263
Employee share option	6(17)	-	( 13 )	-	-	-	-	-	-	( 13 )
Balance at December 31, 2025		$ 5,123,269	$ 11,379,482	$ 3,733,884	$ 1,384,022	$ 2,836,355	($ 1,602,963 )	($ 221,155 )	($ 622,774 )	$ 22,010,120

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

CHENG UEI PRECISION INDUSTRY CO., LTD.
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Years ended December 31
	Notes	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
(Loss) profit before tax	($)	2,981,739)	$1,677,944
Adjustments
Adjustments to reconcile profit (loss)
Depreciation (including investment property)	6(6)(7)(8)(22)(24)	113,914	137,043
Amortisation	6(9)(24)	21,320	14,363
Expected credit gain	12(2)	5,901)	1,352)
Interest expense	6(23)	452,895	375,722
Interest income	6(20)	198,793)	142,522)
Gain on long-term equity investment accounted for under the equity method	6(5)	3,879,693	2,784,480)
Gain (loss) on disposal of property, plant and equipment	6(22)	16,002	605)
Impairment loss on non-financial assets	6(10)(22)	171,136	-
Changes in operating assets and liabilities
Changes in operating assets
Notes receivable		-	1,614
Accounts receivable		1,404,674	1,146,156
Accounts receivable - related parties		2,328,142	238,503
Other receivables		(521,342)	58,179)
Other receivables - related parties		(893,456)	2,818,367)
Inventories		147,308)	454,509
Prepayments		174,363	133,894)
Changes in operating liabilities
Current contract liabilities		(28,787)	157,623
Accounts payable		(368,176)	257,091)
Accounts payable - related parties		(67,502)	4,517,836
Other payables		(2,000,519)	299,948)
Current refund liabilities		122,465)	14,598)
Other current liabilities, others		6,816	3,529)
Other non-current liabilities		50,917)	14,681)
Cash inflow generated from operations		1,182,050	2,192,067
Interest received		198,793	142,522
Interest paid		(472,659)	383,228)
Income tax paid		5,355)	88,748)
Dividend received		1,125,861	66,847
Net cash flows from operating activities		2,028,690	1,929,460
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of long-term equity investment- subsidiary		(1,691,975)	517,469)
Acquisition of property, plant and equipment	6(28)	(60,671)	1,827,944)
Proceeds from disposal of property, plant and equipment and investment property		32,406	29,555
Acquisition of intangible assets	6(9)	(30,956)	14,621)
Proceeds from capital reduction of investments accounted		189,993	-
Proceeds from disposal of intangible assets		-	142
Increase in non-current financial assets at amortised cost		-	8,937)
Net cash flows used in investing activities		(1,561,203)	2,339,274)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in short-term borrowings	6(29)	14,000,000	7,260,000
Repayments of short-term borrowings	6(29)	(12,500,000)	6,160,000)
Increase in other payables - related parties	6(29)	96,440	-
Repayments of lease liabilities	6(29)	(12,495)	(20,050)
Repayments of bonds	6(29)	(3,600,000)	(3,000,000)
Increase in long-term borrowings	6(29)	16,950,000	13,815,000
Repayments of long-term borrowings	6(29)	(12,572,500)	9,123,750)
Cash dividends paid	6(18)	(1,280,817)	(1,024,654)
Net cash flows from financing activities		1,080,628	1,746,546
Net increase in cash and cash equivalents		1,548,115	1,336,732
Cash and cash equivalents at beginning of year	6(1)	1,875,369	538,637
Cash and cash equivalents at end of year	6(1)	$3,423,484	$1,875,369

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

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CHENG UEI PRECISION INDUSTRY CO., LTD.

NOTES TO THE PARENT COMPANY ONLY FINANCIAL STATEMENTS

YEARS ENDED DECEMBER 31, 2025 AND 2024

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

1. HISTORY AND ORGANIZATION

Cheng Uei Precision Industry Co., Ltd. (the “Company”) was incorporated as a company limited by shares under the provisions of the Company Law of the Republic of China (R.O.C.) on July 14, 1986 and has begun operations on July 31, 1986. The Company is engaged in the manufacture of cable assemblies, connectors, battery packs, and power modules. Effective September 1999, the shares of the Company were listed on the Taiwan Stock Exchange.

2. THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE PARENT COMPANY ONLY FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORIZATION

These parent company only financial statements were authorized for issuance by the Board of Directors on March 31, 2026.

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (“IFRS®”) Accounting Standards that came into effect as endorsed by the Financial Supervisory Commission (“FSC”)

New standards, interpretations and amendments endorsed by the FSC and became effective from 2025 are as follows:

New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IAS 21, ‘Lack of exchangeability’	January 1, 2025

The above standards and interpretations have no significant impact to the Company’s financial condition and financial performance based on the Company’s assessment.

(2) Effect of new issuances of or amendments to IFRSs Accounting Standards as endorsed by the FSC but not yet adopted by the Company

New standards, interpretations and amendments endorsed by the FSC effective from 2025 are as follows:

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

The above standards and interpretations have no significant impact to the Company’s financial condition and financial performance based on the Company’s assessment.

(3) IFRSs Accounting Standards issued by IASB but not yet endorsed by the FSC

New standards, interpretations and amendments issued by IASB but not yet included in the IFRS Accounting Standards as endorsed by the FSC are as follows:

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

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

Except for the following, the above standards and interpretations have no significant impact on the Company’s financial position and financial performance based on the Company’s assessment.

IFRS 18, ‘Presentation and disclosure in financial statements’

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

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4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

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

(1) Compliance statement

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

(2) Basis of preparation

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

(a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.

(b) Financial assets at fair value through other comprehensive income.

(c) Defined benefit liabilities recognised based on the net amount of pension fund assets less present value of defined benefit obligations.

B. The preparation of financial statements in conformity with International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the FSC (collectively referred herein as the "IFRSs") requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the parent company only financial statements are disclosed in Note 5.

(3) Foreign currency translation

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the entity operates (the "functional currency"). The parent company only financial statements are presented in New Taiwan dollars, which is the Company's functional currency.

A. Foreign currency transactions and balances

(a) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognised in profit or loss in the period in which they arise.

(b) Monetary assets and liabilities denominated in foreign currencies at the period end are re-translated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognised in profit or loss.

(c) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognised in profit or loss. Non-monetary assets and

liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognised in other comprehensive income. However, non-monetary assets and liabilities denominated in foreign currencies that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions.

(d) All foreign exchange gains and losses are presented in the statement of comprehensive income within ‘other gains and losses’

B. Translation of foreign operations

(a) The operating results and financial position of all the Company entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows:

i. Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet;
ii. Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and
iii. All resulting exchange differences are recognised in other comprehensive income.

(b) When the foreign operation partially disposed of or sold is a subsidiary, cumulative exchange differences that were recorded in other comprehensive income are proportionately transferred to the non-controlling interest in this foreign operation. In addition, even when the Company still retains partial interest in the former foreign subsidiary after losing control of the former foreign subsidiary, such transactions should be accounted for as disposal of all interest in the foreign operation.

(c) Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing exchange rates at the balance sheet date.

(4) Classification of current and non-current items

A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets:

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

B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities:

(a) Liabilities that are expected to be settled in the normal operating cycle;
(b) Liabilities that are held primarily for the purpose of trading;

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(c) Liabilities that are due to be settled within twelve months after the reporting period;
(d) It does not have the right at the end of the reporting period to defer settlement of the liability at least twelve months after the reporting period.

(5) Cash and cash equivalents

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

(6) Financial assets at amortised cost

A. Financial assets at amortised cost are those that meet all of the following criteria:

(a) The objective of the Company’s business model is achieved by collecting contractual cash flows.
(b) The assets’ contractual cash flows represent solely payments of principal and interest.

B. On a regular way purchase or sale basis, financial assets at amortised cost are recognised and derecognised using trade date accounting.

C. At initial recognition, the Company measures the financial assets at fair value plus transaction costs. Interest income from these financial assets is included in finance income using the effective interest method. A gain or loss is recognised in profit or loss when the asset is derecognised or impaired.

D. The Company’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is immaterial.

(7) Accounts and notes receivable

A. Accounts and notes receivable entitle the Company a legal right to receive consideration in exchange for transferred goods or rendered services.
B. The short-term accounts and notes receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.

(8) Impairment of financial assets

For debt instruments measured at fair value through other comprehensive income and financial assets at amortised cost, at each reporting date, the Company recognises the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognises the impairment provision for the lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts. On the other hand, for accounts receivable or contract assets that do not contain a significant financing component, the Company recognises the impairment provision for lifetime ECLs.

(9) Derecognition of financial assets

The Company derecognises a financial asset when one of the following conditions is met:

~23~

A. The contractual rights to receive cash flows from the financial asset expire.
B. The contractual rights to receive cash flows from the financial asset have been transferred and the Company has transferred substantially all risks and rewards of ownership of the financial asset.
C. The contractual rights to receive cash flows from the financial asset have been transferred; however, the Company has not retained control of the financial asset.

(10) Inventories

Inventories are stated at the lower of cost and net realisable value. Cost is determined using the weighted-average method. The cost of finished goods and work in progress comprises raw materials, direct labour, other direct costs and related production overheads (allocated fixed production overheads based on actual capacity). It excludes borrowing costs. The item by item approach is used in applying the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale.

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

A. Subsidiaries are all entities (including structured entities) controlled by the Company. The Company controls an entity when the Company is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity.
B. Inter-company transactions, balances and unrealised gains or losses on transactions between companies within the group are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Company.
C. The Company's share of its subsidiaries' post-acquisition profits or losses is recognised in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognised in other comprehensive income. When the Company's share of losses in a subsidiary equals or exceeds its interest in the subsidiary, the Company recognise loss continuously in proportion to its ownership.
D. Changes in a parent's ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary (transactions with non-controlling interests) are accounted for as equity transactions, i.e. transactions with owners in their capacity as owners. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity.
E. When the Company loses control of a subsidiary, the Company remeasures any investment retained in the former subsidiary at its fair value. That fair value is regarded as the fair value on initial recognition of a financial asset or the cost on initial recognition of the associate or joint venture. Any difference between fair value and carrying amount is recognised in profit or loss. All amounts previously recognised in other comprehensive income in relation to the subsidiary are reclassified to profit or loss on the same basis as would be required if the related assets or liabilities were disposed of. That is, when the Company loses control of a subsidiary, all gains or losses previously recognised in other comprehensive income in relation to the subsidiary should

~24~

be reclassified from equity to profit or loss, if such gains or losses would be reclassified to profit or loss when the related assets or liabilities are disposed of.

F. Associates are all entities over which the Company has significant influence but not control. In general, it is presumed that the investor has significant influence, if an investor holds, directly or indirectly 20 percent or more of the voting power of the investee. Investments in associates are accounted for under the equity method and are initially recognised at cost.

G. The Company’s share of its associates’ post-acquisition profits or losses is recognised in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognised in other comprehensive income. When the Company’s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Company does not recognise further losses, unless it has incurred statutory/constructive obligations or made payments on behalf of the associate.

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

I. Unrealised gains on transactions between the Company and its associates are eliminated to the extent of the Company’s interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been adjusted where necessary to ensure consistency with the policies adopted by the Company.

J. In the case that an associate issues new shares and the Company does not subscribe or acquire new shares proportionately, which results in a change in the Company’s ownership percentage of the associate but maintains significant influence on the associate, then ‘capital surplus’ and ‘investments accounted for under the equity method’ shall be adjusted for the increase or decrease of its share of equity interest. If the above condition causes a decrease in the Company’s ownership percentage of the associate, in addition to the above adjustment, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately on the same basis as would be required if the relevant assets or liabilities were disposed of.

K. When the Company disposes its investment in an associate and loses significant influence over this associate, the amounts previously recognised in other comprehensive income in relation to the associate, are reclassified to profit or loss, on the same basis as would be required if the relevant assets or liabilities were disposed of. If it retains significant influence over this associate, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately in accordance with the aforementioned approach.

L. When the Company disposes its investment in an associate and loses significant influence over this associate, the amounts previously recognised as capital surplus in relation to the associate are transferred to profit or loss. If it retains significant influence over this associate, the amounts

~25~

previously recognised as capital surplus in relation to the associate are transferred to profit or loss proportionately.

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

(12) Property, plant and equipment

A. Property, plant and equipment are initially recorded at cost. Borrowing costs incurred during the construction period are capitalised.

B. Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred.

C. Land is not depreciated. Other property, plant and equipment apply cost model and are depreciated using the straight-line method to allocate their cost over their estimated useful lives. If each component of property, plant and equipment is significant, it is depreciated separately.

D. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each balance sheet date. If expectations for the assets' residual values and useful lives differ from previous estimates or the patterns of consumption of the assets' future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, 'Accounting Policies, Changes in Accounting Estimates and Errors', from the date of the change. The estimated useful lives of property, plant and equipment are as follows:

Buildings and structures	8~50 years
Machinery and equipment	3 ~ 8 years
Office equipment	3 years
Miscellaneous equipment	3 ~ 5 years

(13) Leasing arrangements (lessee)-right-of-use assets/ lease liabilities

A. Leases are recognised as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Company. For short-term leases or leases of low-value assets, lease payments are recognised as an expense on a straight-line basis over the lease term.

B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate.

Lease payments are comprised of the following:

(a) Fixed payments, less any lease incentives receivable;

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(b) Variable lease payments that depend on an index or a rate.

The Company subsequently measures the lease liability at amortised cost using the interest method and recognises interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognised as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications.

C. At the commencement date, the right-of-use asset is stated at cost comprising the following:

(a) The amount of the initial measurement of lease liability;
(b) Any lease payments made at or before the commencement date;
(c) Any initial direct costs incurred by the lessee; and
(d) An estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease.

The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset's useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognised as an adjustment to the right-of-use asset.

(14) Leasing arrangements (lessor)—lease receivables/ operating leases

A. Based on the terms of a lease contract, a lease is classified as a finance lease if the lessee assumes substantially all the risks and rewards incidental to ownership of the leased asset.
(a) At commencement of the lease term, the lessor should record a finance lease in the balance sheet as 'lease receivables' at an amount equal to the gross investment in the lease (including initial direct costs). The difference between gross lease receivable and the present value of the receivable is recognised as 'unearned finance income of finance lease'.
(b) The lessor should allocate finance income over the lease term based on a systematic and rational basis reflecting a constant periodic rate of return on the lessor's net investment in the finance lease.
(c) Lease payments (excluding costs for services) during the lease term are applied against the gross investment in the lease to reduce both the principal and the unearned finance income.

B. Lease income from an operating lease (net of any incentives given to the lessee) is recognised in profit or loss on a straight-line basis over the lease term.

(15) Investment property

An investment property is stated initially at its cost and measured subsequently using the cost model. Except for land, investment property is depreciated on a straight-line basis over its estimated useful life of 20 ~ 50 years.

(16) Intangible assets

Computer software is stated at cost and amortised on a straight-line basis over its estimated useful life of 3 years.

(17) Impairment of non-financial assets

A. The Company assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. Except for goodwill, when the circumstances or reasons for recognising impairment loss for an asset in prior years no longer exist, the impairment loss shall be reversed to the extent of the loss previously recognised in profit or loss. Such recovery of impairment loss shall not result to the asset’s carrying amount greater than its amortised cost where no impairment loss was recognised.

B. The recoverable amounts of goodwill, intangible assets with an indefinite useful life and intangible assets that have not yet been available for use shall be evaluated periodically. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. Impairment loss of goodwill previously recognised in profit or loss shall not be reversed in the following years.

C. Goodwill for impairment testing purpose is allocated to cash generating units. This allocation is identified based on operating segments. Goodwill is allocated to a cash generating unit or a Company of cash generating units that expects to benefit from business combination that will produce goodwill.

(18) Borrowings

Borrowings comprise long-term and short-term bank borrowings. Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised in profit or loss over the period of the borrowings using the effective interest method.

(19) Notes and accounts payable

A. Accounts payable are liabilities for purchases of raw materials, goods or services and notes payable are those resulting from operating and non-operating activities.

B. The short-term notes and accounts payable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.

(20) Bonds payable

Ordinary corporate bonds issued by the Company are initially recognised at fair value less transaction costs. Any difference between the proceeds (net of transaction costs) and the redemption value is presented as an addition to or deduction from bonds payable, which is amortised to profit or loss over the period of bond circulation using the effective interest method as an adjustment to ‘finance costs’.

(21) Derecognition of financial liabilities

A financial liability is derecognised when the obligation under the liability specified in the contract is discharged or cancelled or expires.

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(22) Offsetting financial instruments

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

(23) Employee benefits

A. Pensions

(a) Defined contribution plans

For defined contribution plans, the contributions are recognised as pension expenses when they are due on an accrual basis. Prepaid contributions are recognised as an asset to the extent of a cash refund or a reduction in the future payments.

(b) Defined benefit plans

i. The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of government bonds (at the balance sheet date).

ii. Remeasurement arising on defined benefit plans are recognised in other comprehensive income in the period in which they arise and are recorded as retained earnings.

iii. Past service costs are recognised immediately in profit or loss.

B. Employees' compensation and directors' and supervisors' remuneration

Employees' compensation and directors' and supervisors' remuneration are recognised as expenses and liabilities, provided that such recognition is required under legal obligation or constructive obligation and those amounts can be reliably estimated. Any difference between the resolved amounts and the subsequently actual distributed amounts is accounted for as changes in estimates.

(24) Income tax

A. The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or items recognised directly in equity, in which cases the tax is recognised in other comprehensive income or equity.

B. The current income tax charge is calculated on the basis of the tax laws at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings and is recorded as income tax expense in the year the stockholders resolve to retain the earnings.

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C. Deferred income tax is recognised, using the balance sheet liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the parent company only financial statements. However, the deferred income tax is not accounted for if it arises from initial recognition of goodwill or of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred income tax is provided on temporary differences arising on investments in subsidiaries and associates, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.

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

E. Current income tax assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax assets against current tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realise the asset and settle the liability simultaneously.

F. A deferred tax asset shall be recognised for the carryforward of unused tax credits resulting from research and development expenditures to the extent that it is possible that future taxable profit will be available against which the unused tax credits can be utilised.

(25) Share capital

A. Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or stock options are shown in equity as a deduction, net of tax, from the proceeds.

B. Where the Company repurchases the Company's equity share capital that has been issued, the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the Company's equity holders. Where such shares are subsequently reissued, the difference between their book value and any consideration received, net of any directly attributable incremental transaction costs and the related income tax effects, are included in equity attributable to the Company's equity holders.

(26) Dividends

Dividends are recorded in the Company's financial statements in the period in which they are approved by the Company's shareholders. Cash dividends are recorded as liabilities; stock dividends are recorded as stock dividends to be distributed and are reclassified to ordinary shares on the effective date of new shares issuance.

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(27) Revenue recognition

A. The Company manufactures and sells electronic telecommunication component products. Revenue is measured at the fair value of the consideration received or receivable taking into account value-added tax, returns, rebates and discounts for the sale of goods to external customers in the ordinary course of the Company's activities. Revenue arising from the sales of goods should be recognised when the Company has delivered the goods to the customer, the amount of sales revenue can be measured reliably and it is probable that the future economic benefits associated with the transaction will flow to the entity. The delivery of goods is completed when the significant risks and rewards of ownership have been transferred to the customer, the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold, and the customer has accepted the goods based on the sales contract or there is objective evidence showing that all acceptance provisions have been satisfied.

B. The goods are often sold with volume discounts based on aggregate sales. Revenue from these sales is recognised based on the price specified in the contract, net of the estimated sales discounts and allowances. Revenue is only recognised to the extent that it is highly probable that a significant reversal will not occur. The estimation is subject to an assessment at each reporting date. No element of financing is deemed present as the sales are made with a credit term of 30 to 120 days, which is consistent with market practice.

C. A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

The preparation of these parent company only financial statements requires management to make critical judgements in applying the Company's accounting policies and make critical assumptions and estimates concerning future events. Assumptions and estimates may differ from the actual results and are continually evaluated and adjusted based on historical experience and other factors. Such assumptions and estimates have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year; and the related information is addressed below:

(1) Critical judgements in applying the Company's accounting policies

None.

(2) Critical accounting estimates and assumptions

A. Evaluation of inventories

As inventories are stated at the lower of cost and net realisable value, the Company must determine the net realisable value of inventories on balance sheet date using judgements and estimates. Due to the rapid technology innovation, the Company evaluates the amounts of normal inventory consumption, obsolete inventories or inventories without market selling value on balance sheet date, and writes down the cost of inventories to the net realisable value. Such an evaluation of

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inventories is principally based on the demand for the products within the specified period in the future. Therefore, there might be material changes to the evaluation.

B. Impairment assessment of investments accounted for under the equity method

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

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

	December 31, 2025	December 31, 2024
Cash on hand and revolving funds	$ 407	$ 730
Checking accounts and demand deposits	2,165,593	1,836,241
Time deposits	1,257,484	38,398
Total	$ 3,423,484	$ 1,875,369

A. The Company transacts with a variety of financial institutions all with high credit quality to disperse credit risk, so it expects that the probability of counterparty default is remote.
B. As of December 31, 2025 and 2024, the annual interest rate of time deposits was $1.20\% \sim 3.80\%$ and $1.23\% \sim 4.60\%$ , respectively.
C. The Company has no cash and cash equivalents pledged to others as collateral.

(2) Financial assets at amortised cost

Items	December 31, 2025	December 31, 2024
Non-current items:
Pledged time deposits	$ 8,937	$ 8,937

A. As at December 31, 2025 and 2024, without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the financial assets at amortised cost held by the Company was $8,937 for each year.
B. Details of the Company's financial assets at amortised cost pledged to others as collateral are provided in Note 8.
C. Information relating to credit risk of financial assets at amortised cost is provided in Note 12(2). The counterparties of the Company's investments in certificates of deposits are financial institutions with high credit quality, so the Company expects that the probability of counterparty default is remote.

(3) Accounts receivable

	December 31, 2025	December 31, 2024
Accounts receivable	$ 7,650,975	$ 9,055,649
Less: Loss allowance	(15,541)	(21,442)
	$ 7,635,434	$ 9,034,207

A. The information on the Company’s ageing analysis of accounts receivable is provided in Note 12(2).

B. As of December 31, 2025 and 2024, accounts and notes receivable were all from contracts with customers. And as of January 1, 2024, the balance of receivables from contracts with customers amounted to $10,201,805.

C. The quality information of accounts receivable is based on customers’ credit ranking and recoverable period of receivables in order to calculate the accrual of impairment. The Company’s internal credit ranking policy is that the Company’s business and management segment assesses periodically whether the credit ranking of existing customers is appropriate and adjusts to obtain the latest information when necessary. Customers’ credit ranking assessment is based on industrial operating scale, profitability and ranking assessed by financial insurance institutions.

The Company has insured accounts receivable of certain customers and the Company will receive 80%~90% compensation if bad debts occur. As of December 31, 2025 and 2024, the balance of accounts receivable from certain customers amounted to $1,512,677 and $1,691,458, respectively.

D. The Company does not hold any collateral as security.

E. Information relating to credit risk of accounts receivable is provided in Note 12(2).

(4) Inventories

	December 31, 2025
	Cost	Allowance for valuation loss	Book value
Raw materials	$ 34,305	($ 6,039)	$ 28,266
Work in progress	14,928	( 180)	14,748
Finished goods	2,428,174	( 11,907)	2,416,267
	$ 2,477,407	($ 18,126)	$ 2,459,281
	December 31, 2024
	Cost	Allowance for valuation loss	Book value
Raw materials	$ 57,453	($ 13,557)	$ 43,896
Work in progress	39,506	( 1,535)	37,971
Finished goods	2,237,907	( 7,801)	2,230,106
	$ 2,334,866	($ 22,893)	$ 2,311,973

The cost of inventories recognised as expense for the year:

	Years ended December 31,
	2025	2024
Cost of inventories sold	$ 42,886,447	$ 55,504,580
Gain on reversal of decline in market value	( 4,767)	( 44,015)
	$ 42,881,680	$ 55,460,565

The Company reversed a previous inventory write-down because inventories with net realisable value lower than its cost were partially sold by the Company for the years ended December 31, 2025 and 2024.

(5) Investments accounted for under the equity method

Investee	December 31, 2025		December 31, 2024
	Amount	Ownership percentage (%)	Amount	Ownership percentage (%)
Subsidiaries :
Cu International Ltd.	$ 26,055,793	100%	$ 28,251,247	100%
Foxlink International Investment Ltd.	5,409,051	100%	6,015,334	100%
Fu Uei International Investment Ltd.	973,278	100%	2,742,260	100%
Culink International Ltd.	2,159,953	100%	2,144,252	100%
Darts Technologies Corporation	2,089,642	97%	1,634,943	97%
Foxlink Technology Ltd.	862,839	100%	911,318	100%
Sinobest Brothers Limited	190,105	85.19%	305,660	91.19%
Sustain Co., Ltd.	354,392	100%	268,239	100%
DU Precision Industry Co., Ltd.	3,214	100%	178,290	100%
Foxlink Arizona Inc.	( 162,922)	100%	41,342	100%
Ubilink AI CO., LTD.	( 90,953)	53.75%	37,125	41%
MICROLINK COMMUNICATION INC.	377,709	100%	-	-
FOXLINK TEXAS INC.	628,301	100%	-	-
Associates :
Well Shin Technology Co., Ltd.	1,346,343	18.84%	1,375,788	18.84%
LUMINYS SYSTEMS CORPORATION	264,329	31%	-	-
	40,461,074		43,905,798
Add : Current prepayments for investments
-JOURN TA BROTHERS LIMITED	113,536		227,072
Credit balance of long-term equity investments transferred to other non-current liabilities	253,875		-
Total	$ 40,828,485		$ 44,132,870

A. Please refer to Note 4(3) in the 2025 consolidated financial statements for the information regarding the Company's subsidiaries.
B. The (loss) gain on investments accounted for under the equity method amounted to ($3,879,693) and $2,784,480 for the years ended December 31, 2025 and 2024, respectively, and were valued based on the investees' audited financial statements for the corresponding period.

C. Associates

(a) The basic information of the associates that are material to the Company is summarised below:

Company name	Principal place of business	Shareholding ratio		Nature of relationship	Methods of measurement
		December 31, 2025	December 31, 2024
Well Shin Technology Co., Ltd.	Taiwan	18.84%	18.84%	Note	Equity method

Note: As the Company's management holds several seats in the Board of Directors of Well Shin Technology Co., Ltd., the Company is assessed to have significant influence.

(b) Summarised financial information of the associates that are material to the Company is as follows:

Balance sheet

	Well Shin Technology Co., Ltd.
	December 31, 2025	December 31, 2024
Current assets	$ 2,076,553	$ 2,271,835
Non-current assets	8,568,743	7,410,944
Current liabilities	( 2,841,408)	( 1,719,876)
Non-current liabilities	( 852,725)	( 855,469)
Total net assets	$ 6,951,163	$ 7,107,434
Share in associate’s net assets	$ 1,309,754	$ 1,339,199
Goodwill	36,589	36,589
Carrying amount of the associates	$ 1,346,343	$ 1,375,788

Statement of comprehensive income

	Well Shin Technology Co., Ltd.
	Years ended December 31,
	2025	2024
Revenue	$ 4,125,875	$ 4,603,786
Profit for the year from continuing operations	$ 354,488	$ 723,444
Other comprehensive (loss) income, net of tax	( 37,763)	198,155
Total comprehensive income	$ 316,725	$ 921,599
Dividends received from associates	$ 89,130	$ 66,847

D. The fair value of the Company's material associates with quoted market prices is as follows:

Well Shin Technology Co., Ltd.

	December 31, 2025	December 31, 2024
Well Shin Technology Co., Ltd.	$ 1,077,355	$ 1,374,826

E. On June 14, 2024, the Company jointly established Ubilink AI CO., LTD. with an amount of $10,000 with the second-tier subsidiary, Shinfox Energy Co., Ltd., and Ubitus Kabushiki Kaisha (Japan). The Company and the second-tier subsidiary held 41% and 10% of the shares of Ubilink AI CO., LTD., respectively. In addition, the Company and second-tier subsidiary participated in the capital increase of Ubilink AI CO., LTD. in July 2025. After the capital increase, the Company and Shinfox Energy Co., Ltd held 53.75% and 13.20% equity interests in Ubilink AI CO., LTD., the Company had control over Ubilink AI CO., LTD. under the Company's assessment accordingly.

F. The Company's subsidiary, FOXLINK TECHNOLOGY LTD., participated in the capital increase of SINOBEST BROTHERS LIMITED for the year ended December 31, 2024. After the capital increase, the Company decreased its shareholding ratio of SINOBEST BROTHERS LIMITED to 85.19%. The Company still had influence over SINOBEST BROTHERS LIMITED.

G. The Company's second-tier subsidiary, FIT Holding Co., Ltd., did not participate in the capital increase of the investee accounted for using equity method, Synergy, for the year ended December 31, 2024. The Company recognised capital surplus according to shareholding ratio amounting to $946.

H. Equity changes arising from the issuance of convertible bonds by the Company's subsidiary, Shinfox Energy Co., Ltd., during the year 2024 were recognized as additional paid-in capital of $121,858 by the Company in proportion to its shareholding.

I. For the year ended December 31, 2024, the Company's subsidiary increased the shareholding and the Company's subsidiary did not participate in the capital increase of Sharetronic Data Technology Co., Ltd. proportionately to ownership. Due to the change in shareholding ratio, the Company wrote off capital surplus of $111,095. In addition, the Company recognised capital surplus in the amount of $218,271 due to recognition of change in equity of associates accounted for using equity method in proportion to the Company's ownership percentage for the year ended December 31, 2025.

J. The Company's second-tier subsidiary, Foxwell Power Co., Ltd, increased its capital by issuing new shares on January 13, 2025. The Company did not acquire shares proportionally to its interest. As a result, the Company decreased its share interest by 11.67%. The Company recognised capital surplus according to shareholding ratio amounting to $100,733.

K. Change of equity of the Company's second-tier subsidiary, Shinfox Energy Co., Ltd., was generated due to sales of equity interests of the subsidiary, FOXWELL POWER, in 2025. The Company recognised capital surplus according to shareholding ratio amounting to $126,510.

L. The Company's prepayments for investments in Journ Ta Brothers Limited existed objective evidence of loss, therefore, the Company recognised impairment loss in the amount of $113,536 for the year ended December 31, 2025. Information on impairment loss is provided in Note 6(10), 6(22) and 9(1) A.

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M. DU Precision Industry Co., Ltd. an investee of the Company, implemented a capital reduction and returned share amounting to $189,993 for the year ended December 31, 2025. As of December 31, 2025, the Company continued to hold a 100% equity interest in the investee.

N. The Company acquired a 23% equity interest in Luminys Systems Corporation for US$6,000 thousand in February 2025, and subsequently acquired an additional 8% equity interest for US$2,400 thousand in December 2025. Total equity interest held by the Company amounted to 31%. Please refer to Note 7 for further details.

O. In November 2025, the Company invested US$20,000 thousand to establish Foxlink Texas Inc.

P. Information on the Company’s acquisition of investments accounted for using the equity method for the years ended December 31, 2025 and 2024, please refer to Note 7(2) J(d).

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(6) Property, plant and equipment

	2025
	Land	Buildings and structures	Machinery and equipment	Office equipment	Others	Unfinished construction and equipment under acceptance	Total
At January 1
Cost	$ 264,264	$ 1,225,241	$ 89,766	$ 59,565	$ 197,959	$ 1,699,406	$ 3,536,201
Accumulated depreciation and impairment	-	( 465,055)	( 69,732)	( 38,184)	( 84,393)	-	( 657,364)
	$ 264,264	$ 760,186	$ 20,034	$ 21,381	$ 113,566	$ 1,699,406	$ 2,878,837
Opening net book amount	$ 264,264	$ 760,186	$ 20,034	$ 21,381	$ 113,566	$ 1,699,406	$ 2,878,837
Additions	-	2,067	14,860	11,731	30,942	-	59,600
Disposals	-	( 1,487)	( 13,190)	( 438)	( 33,293)	-	( 48,408)
Reclassifications	( 59,147)	( 164,313)	-	-	( 479)	( 1,699,406)	( 1,923,345)
Depreciation charge	-	( 20,307)	( 11,732)	( 13,500)	( 34,631)	-	( 80,170)
Closing net book amount	$ 205,117	$ 576,146	$ 9,972	$ 19,174	$ 76,105	$ -	$ 886,514
At December 31
Cost	$ 205,117	$ 992,215	$ 52,160	$ 47,136	$ 140,016	$ -	$ 1,436,644
Accumulated depreciation and impairment	-	( 416,069)	( 42,188)	( 27,962)	( 63,911)	-	( 550,130)
	$ 205,117	$ 576,146	$ 9,972	$ 19,174	$ 76,105	$ -	$ 886,514

	2024
	Land	Buildings and structures	Machinery and equipment	Office equipment	Others	Unfinished construction and equipment under acceptance	Total
At January 1
Cost	$412,428	$1,795,604	$123,643	$48,536	$232,597	$-	$2,612,808
Accumulated depreciation
and impairment	-	(614,397)	(78,972)	(24,421)	(77,192)	-	(794,982)
	$412,428	$1,181,207	$44,671	$24,115	$155,405	$-	$1,817,826
Opening net book amount	$412,428	$1,181,207	$44,671	$24,115	$155,405	$-	$1,817,826
Additions	-	-	5,519	11,569	4,095	1,699,406	1,720,589
Disposals	-	-	(27,167)	-	(1,783)	-	(28,950)
Reclassifications	(148,164)	(396,129)	13,919	-	1,645	-	(528,729)
Depreciation charge	-	(24,892)	(16,908)	(14,303)	(45,796)	-	(101,899)
Closing net book amount	$264,264	$760,186	$20,034	$21,381	$113,566	$1,699,406	$2,878,837
At December 31
Cost	$264,264	$1,225,241	$89,766	$59,565	$197,959	$1,699,406	$3,536,201
Accumulated depreciation
and impairment	-	(465,055)	(69,732)	(38,184)	(84,393)	-	(657,364)
	$264,264	$760,186	$20,034	$21,381	$113,566	$1,699,406	$2,878,837
A. The Company has no property, plant and equipment pledged to others as collateral.
B. The amount prepaid by the Company for the purchase of equipment as of December 31, 2025 and 2024 was $102,391 and $107,946, respectively.

(7) Leasing arrangements-lessee

A. The Company leases various assets including land and buildings. Rental contracts are typically made for periods of 3 to 20 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes.

B. The carrying amount of right-of-use assets and the depreciation charge are as follows:

| | December 31, 2025
Carrying amount | December 31, 2024
Carrying amount |
| --- | --- | --- |
| Land | $ 188,071 | $ 60,908 |
| | Years ended December 31, | |
| | 2025 | 2024 |
| | Depreciation expense | Depreciation expense |
| Land | $ 14,091 | $ 15,646 |
| Buildings | - | 4,460 |
| | $ 14,091 | $ 20,106 |

C. For the years ended December 31, 2025 and 2024, the additions to right-of-use assets amounted to $141,253 and $0, respectively.

D. The information on income and expense accounts relating to lease contracts is as follows:

	Years ended December 31,
	2025	2024
Items affecting profit or loss
Interest expense on lease liabilities	$ 3,646	$ 1,008
Expense on short-term lease contracts	14,970	23,988
Expense on leases of low-value assets	1,115	4,070

E. For the years ended December 31, 2025 and 2024, the Company's total cash outflow for leases amounted to $32,226 and $49,116, respectively.

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(8) Investment property

	2025
	Land	Buildings and structures	Total
At January 1
Cost	$ 148,164	$ 759,502	$ 907,666
Accumulated depreciation and impairment	-	( 235,360)	( 235,360)
	$ 148,164	$ 524,142	$ 672,306
Opening net book amount	$ 148,164	$ 524,142	$ 672,306
Reclassifications	59,147	164,260	223,407
Depreciation charge	-	( 19,653)	( 19,653)
Closing net book amount	$ 207,311	$ 668,749	$ 876,060
At December 31
Cost	$ 207,311	$ 993,024	$ 1,200,335
Accumulated depreciation and impairment	-	( 324,275)	( 324,275)
	$ 207,311	$ 668,749	$ 876,060
	2024
	Land	Buildings and structures	Total
At January 1
Cost	$ -	$ 189,139	$ 189,139
Accumulated depreciation and impairment	-	( 46,088)	( 46,088)
	$ -	$ 143,051	$ 143,051
Opening net book amount	$ -	$ 143,051	$ 143,051
Reclassifications	148,164	396,129	544,293
Depreciation charge	-	( 15,038)	( 15,038)
Closing net book amount	$ 148,164	$ 524,142	$ 672,306
At December 31
Cost	$ 148,164	$ 759,502	$ 907,666
Accumulated depreciation and impairment	-	( 235,360)	( 235,360)
	$ 148,164	$ 524,142	$ 672,306

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

	Years ended December 31,
	2025	2024
Rental income from the lease of the investment property	$ 69,332	$ 48,599
Direct operating expenses arising from the investment property that generated rental income in the year	$ 19,653	$ 15,038

B. Investment property is stated initially at its cost and is depreciated on a straight-line basis over its estimated useful life. The fair value of the investment property held by the Company as at December 31, 2025 and 2024 was $1,184,811 and $916,167, respectively, which was evaluated based on the market prices of similar real estate in the areas nearby, market prices did not change significantly.

C. There was no impairment loss on investment property.

D. The investment property was not pledged to others as collateral.

(9) Intangible assets

	2025	2024
	Software	Software
At January 1
Cost	$ 59,796	$ 49,104
Accumulated amortisation and impairment	( 36,347)	( 25,771)
	$ 23,449	$ 23,333
Opening net book amount	$ 23,449	$ 23,333
Additions	30,956	14,621
Amortisation charge	( 21,320)	( 14,363)
Disposals	-	( 142)
Reclassifications	273	-
Closing net book amount	$ 33,358	$ 23,449
At December 31
Cost	$ 73,917	$ 59,796
Accumulated amortisation and impairment	( 40,559)	( 36,347)
	$ 33,358	$ 23,449

(10) Impairment of non-financial assets

A. Details of the recognition of the Company’s impairment loss for the years ended December 31, 2025 and 2024 are as follows:

	Year ended December 31, 2025		Year ended December 31, 2024
	Recognised in profit or loss	Recognised in other comprehensive income	Recognised in profit or loss	Recognised in other comprehensive income
Impairment loss — prepayments for investments	$ 113,536	$ -	$ -	$ -
Impairment loss — prepayments for business facilities	57,600	-	-	-
	$ 171,136	$ -	$ -	$ -

B. The Company’s prepayments for investments amounting to $227,072 were used to invest in JOURN TA BROTHERS LIMITED. The Company had recognized an impairment loss of $113,536 due to the existing objective evidence of loss for the year ended December 31, 2025.

C. The acceptance of energy storage system that the Company purchased for the second-tier subsidiary has not yet been completed as of now. The Company assessed that the necessary input expenditures for prepayments for business facilities had no economic benefits, thus, the Company had recognised an impairment loss of $57,600 for the year ended December 31, 2025.

(11) Short-term borrowings

Type of borrowings	December 31, 2025	Interest rate range	Collateral
Bank loan
Credit loan	$ 2,600,000	1.82%~2.15%	None
Type of borrowings	December 31, 2024	Interest rate range	Collateral
Bank loan
Credit loan	$ 1,100,000	1.86%~1.88%	None

(12) Other payables

	December 31, 2025	December 31, 2024
Payable for purchases made by related parties on behalf of the Company	$ 5,782,155	$ 7,676,580
Financing payable to related parties	536,440	440,000
Payables on salary and bonus	358,296	380,487
Employees’ compensation and remuneration for directors	-	226,093
Payables on equipment	8,330	11,023
Others	313,695	198,230
	$ 6,998,916	$ 8,932,413

Please refer to Note 7 and table 1 of Note 13 for the details of “financing payable to related parties”.

(13) Bonds payable

	December 31, 2025	December 31, 2024
Secured corporate bonds	$ -	$ 3,600,000
Less: Discount on bonds payable	-	( 6,961)
Total	-	3,593,039
Less: Current portion of corporate bonds payable (shown as "long-term liabilities, current portion")	-	( 3,593,039)
	$ -	$ -

A. The main terms of the $3,600,000 2nd secured corporate bonds issued by the Company on July 29, 2020 (amended in August 2024) are as follows:

(a) Total initial issue amount: $3,600,000.
(b) Issue price: Issue at par value, $1,000 each.
(c) Issue period: 5 years, from July 29, 2020 to July 27, 2025.
(d) Coupon rate: 0.65% fixed per annum.
(e) Interest payment method: Interest is calculated from the date of issuance at the coupon rate, is a simple interest and is paid yearly.
(f) Principal repayment method: Pay entire amount at the maturity date.
(g) Guarantee method:

The joint guarantor banks including CTBC Bank Co., Ltd., Taiwan Cooperative Bank Co., Ltd., Hua Nan Commercial Bank Ltd., Agricultural Bank of Taiwan Corporation and Mega International Commercial Bank Co., Ltd. provide guarantees based on a joint engagement guarantee contract and bond-fulfilling guarantee obligation contract.

(h) Commitment:

The Company should maintain the following financial ratios during the contract duration for semi-annual consolidated and annual consolidated financial statements:

i. Current assets to current liabilities ratio of at least 1:1;

ii. Liabilities not exceeding 300% of tangible net equity (amended from 200% to 300% in August 2024);
iii. Interest coverage of at least 400%; and
iv. Tangible net equity of at least NT$15,000,000 thousand.

The Company’s 2nd secured corporate bonds had been fully paid on July 29, 2025.

B. The main terms of the $3,000,000 1st secured corporate bonds issued by the Company on June 26, 2019 are as follows:

(a) Total initial issue amount: $3,000,000.
(b) Issue price: Issue at par value, $1,000 each.
(c) Issue period: 5 years, from June 26, 2019 to June 26, 2024.
(d) Coupon rate: 0.80% fixed per annum.
(e) Interest payment method: Interest is calculated from the date of issuance at the coupon rate, is a simple interest and is paid yearly.
(f) Principal repayment method: Pay entire amount at the maturity date.
(g) Guarantee method:

The joint guarantor banks including CTBC Bank Co., Ltd. Taiwan Cooperative Bank Co., Ltd., Mega International Commercial Bank Co., Ltd. and Chang Hwa Commercial Bank, Ltd. provide guarantees based on a joint engagement guarantee contract and bond-fulfilling guarantee obligation contract.

(h) Commitment:

The company should maintain the following financial ratios during the contract duration for semi-annual consolidated and annual consolidated financial statements:

i. Current assets to current liabilities ratio of at least 1:1;
ii. Liabilities not exceeding 200% of tangible net equity;
iii. Interest coverage of at least 400%; and
iv. Tangible net equity of at least NT$15,000,000 thousand.

The Company’s 1st secured corporate bonds had been fully paid on June 26, 2024.

~45~

(14) Long-term borrowings

Type of borrowings	Borrowing period and repayment term	Interest rate range	Unused credit line	December 31, 2025
Long-term loan borrowings
- including covenants	Borrowing period is from October 2024 to May 2028; pay principal and interest based on each bank’s regulations.	2.05%–2.50%	$ 2,800,000	$ 2,000,000
- without covenants	Borrowing period is from November 2023 to September 2028; pay principal and interest based on each bank’s regulations.	1.90%–2.15%	1,328,700	7,950,000
Medium-term and long-term syndicated loans	Borrowing period is from October 2024 to October 2029. The Company may issue a drawing application before the maturity date of borrowing to repay the loan principal that was originally expired.	2.19%–2.22%	4,800,000	5,200,000
Medium-term and long-term syndicated loans	Borrowing period is from June 2024 to June 2029. The Company may issue a drawing application before the maturity date of borrowing to repay the loan principal that was originally expired.	2.17%–2.21%	500,000	5,500,000
Less: Current portion (shown as “long-term liabilities, current portion”)				20,650,000
				(13,000,000)
				$ 7,650,000
Type of borrowings	Borrowing period and repayment term	Interest rate range	Unused credit line	December 31, 2024
Long-term loan borrowings
- including covenants	Borrowing period is from December 2023 to October 2027; pay principal and interest based on each bank’s regulations.	2.05%–2.15%	$ 2,000,000	$ 2,900,000
- without covenants	Borrowing period is from April 2020 to June 2027; pay principal and interest based on each bank’s regulations.	1.90%–2.10%	1,476,375	7,172,500
Medium-term and long-term syndicated loans	Borrowing period is from October 2024 to October 2029. The Company may issue a drawing application before the maturity date of borrowing to repay the loan principal that was originally expired.	2.15%	6,800,000	3,200,000
Medium-term and long-term syndicated loans	Borrowing period is from June 2024 to June 2029. The Company may issue a drawing application before the maturity date of borrowing to repay the loan principal that was originally expired.	2.17%	3,000,000	3,000,000
Less: Current portion (shown as “long-term liabilities, current portion”)				16,272,500
				(622,500)
				$ 15,650,000

A. In October 2024, the Company signed a medium-term syndicated revolving NTD credit facility agreement with the Bank of Taiwan as the lead bank. As of December 31, 2025, the borrowings that have been used amounted to $5,200,000. The terms of agreement are summarised below:

(a) Duration of loan: The loan period of the agreement was 5 years from the agreement signing date.

(b) Credit line and draw-down: The credit line was $10,000,000, which can be drawn down in installments of at least NT$100,000 thousand per draw-down.

(c) Principal repayment: The duration of each loan drawn down is either 90 days or 180 days at the Company’s option. The Company, if without any default, may submit an application to the banks to draw down a new loan with principal equal to the old one before its maturity, and the new loan is directly used to repay the original loan. The banks and the Company are not required to make remittances for such draw-down and repayment, which is viewed that the Company has received the new loan on the maturity of original loan.

(d) Commitment: The Company should maintain the following financial ratios during the contract duration for semi-annual consolidated and annual consolidated financial statements:

i. Current assets to current liabilities ratio of at least 1:1;
ii. Liabilities not exceeding 300% of tangible net equity;
iii. Interest coverage of at least 400%; and
iv. Tangible equity, net of non-controlling interests, of at least NT$15,000,000 thousand.

(e) The loan period is decided by the borrower. The borrower may choose to early repay the loans during the contract period according to the syndicated loan contract.

As of December 31, 2025, the Company’s interest coverage ratio and debt ratio failed to meet the required ratio. The Company shall handle the situation on the review date in accordance with the agreement and submit a concrete improvement plan to the syndicate banks. During the period when the syndicate banks are determining whether an event of default has occurred, the lead bank may request the borrower to immediately repay all outstanding amounts.

B. In June 2024, the Company signed a medium-term syndicated revolving NTD credit facility agreement with the Mega Bank as the lead bank. As of December 31, 2025, the borrowings that have been used amounted to $5,500,000. The terms of agreement are summarised below:

(a) Duration of loan: The loan period of the agreement was 5 years from the agreement signing date.
(b) Credit line and draw-down: The credit line was NT$6,000,000, which can be drawn down in installments of at least NT$50,000 thousand per draw-down.
(c) Principal repayment: The borrower shall settle each borrowing before its maturity date. However, the borrower can use the new drawn amount to directly repay the original matured borrowing. For those equal amount, the borrower and the syndicated bank did not need to remit the capital in or out, and the amount was regarded as the drawn borrowing which had been received by the borrower.
(d) Commitment: The Company should maintain the following financial ratios during the contract duration for semi-annual consolidated and annual consolidated financial statements:

i. Current assets to current liabilities ratio of at least 1:1;
ii. Liabilities not exceeding 300% of tangible net equity;
iii. Interest coverage of at least 400%; and
iv. Total equity of at least NT$15,000,000 thousand.

(e) The loan period is decided by the borrower. The borrower may choose to early repay the loans

~47~

during the contract period according to the syndicated loan contract.

C. The Company entered into the borrowing contracts with Bank SinoPac and Taipei Fubon Bank, and the total credit line is $4,800,000. As of December 31, 2025, the borrowings that have been used amounted to $2,000,000. In the duration period of these contracts, the financial ratios in the semi-annual consolidated and annual consolidated financial statements shall be as follows:

(a) Current assets to current liabilities ratio of at least 1:1;
(b) Liabilities not exceeding 300% of tangible net equity (amended from 200% to 300% from June 2024 to March 2025 by each bank);
(c) Interest coverage of at least 400%; and
(d) Tangible net equity of at least NT$15,000,000 thousand.

(15) Pensions

A.(a) The Company has a defined benefit pension plan in accordance with the Labour Standards Act, covering all regular employees’ service years prior to the enforcement of the Labour Pension Act on July 1, 2005 and service years thereafter of employees who chose to continue to be subject to the pension mechanism under the Labour standards Act. Under the defined benefit pension plan, two units are accrued for each year of service for the first 15 years and one unit for each additional year thereafter, subject to a maximum of 45 units. Pension benefits are based on the number of units accrued and the average monthly salaries and wages of the last 6 months prior to retirement. The Company contributes monthly an amount equal to 2% of the employees’ monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, the Company would assess the balance in the aforementioned labour pension reserve account by the end of December 31, every year. If the account balance is insufficient to pay the pension calculated by the aforementioned method, to the employees expected to be qualified for retirement next year, the Company will make contributions to cover the deficit by next March.

~48~

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

	December 31, 2025	December 31, 2024
Present value of defined benefit obligations	($ 183,366)	($ 222,722)
Fair value of plan assets	96,450	107,820
Net defined benefit liability (shown as "other non-current liabilities")	($ 86,916)	($ 114,902)

	Present value of defined benefit obligations	Fair value of plan assets	Net defined benefit liability
Year ended December 31, 2025
Balance at January 1	($ 222,722)	$ 107,820	($ 114,902)
Current service cost	( 1,206)	-	( 1,206)
Interest (expense) income	( 3,564)	1,725	( 1,839)
	( 227,492)	109,545	( 117,947)
Remeasurements:
Change in financial assumptions	( 3,693)	-	( 3,693)
Experience adjustments	17,526	7,653	25,179
	13,833	7,653	21,486
Pension fund contribution	-	1,934	1,934
Number of benefits paid	22,682	( 22,682)	-
Paid pension	7,611	-	7,611
	30,293	( 20,748)	9,545
Balance at December 31	($ 183,366)	$ 96,450	($ 86,916)
	Present value of defined benefit obligations	Fair value of plan assets	Net defined benefit liability
Year ended December 31, 2024
Balance at January 1	($ 243,710)	$ 99,276	($ 144,434)
Current service cost	( 1,139)	-	( 1,139)
Interest (expense) income	( 2,925)	1,191	( 1,734)
	( 247,774)	100,467	( 147,307)
Remeasurements:
Change in financial assumptions	6,195	-	6,195
Experience adjustments	7,814	9,563	17,377
	14,009	9,563	23,572
Pension fund contribution	-	1,897	1,897
Number of benefits paid	4,107	( 4,107)	-
Paid pension	6,936	-	6,936
	11,043	( 2,210)	8,833
Balance at December 31	($ 222,722)	$ 107,820	($ 114,902)

(d) The Bank of Taiwan was commissioned to manage the Fund of the Company's and domestic subsidiaries' defined benefit pension plan in accordance with the Fund's annual investment and utilisation plan and the "Regulations for Revenues, Expenditures, Safeguard and Utilisation of the Labor Retirement Fund" (Article 6: The scope of utilisation for the Fund includes deposit in domestic or foreign financial institutions, investment in domestic or foreign listed, over-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitization products, etc.). With regard to the utilisation of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. If the earnings is less than aforementioned rates, government shall make payment for the deficit after being authorized by the Regulator. The Company has no right to participate in managing and operating that fund and hence the Company is unable to disclose the classification of plan asset fair value in accordance with IAS 19 paragraph 142. The compositions of fair value of plan assets as of December 31, 2025 and 2024 are given in the Annual Labor Retirement Fund Utilisation Report announced by the government.

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

	Years ended December 31,
	2025	2024
Discount rate	1.30%	1.60%
Future salary increases	3%	3%

Future mortality rate was estimated based on the 6th Taiwan Standard Ordinary Experience Mortality Table.

Because the main actuarial assumption changed, the present value of defined benefit obligation is affected. The analysis was as follows:

	Discount rate		Future salary increases
	Increase 0.25%	Decrease 0.25%	Increase 0.25%	Decrease 0.25%
December 31, 2025
Effect on present value of defined benefit obligation	$ 3,086	($ 3,170)	($ 2,674)	$ 2,620
December 31, 2024
Effect on present value of defined benefit obligation	$ 3,731	($ 3,838)	($ 3,247)	$ 3,177

The sensitivity analysis above is based on other conditions that are unchanged but only one assumption is changed. In practice, more than one assumption may change all at once. The method of analysing sensitivity and the method of calculating net pension liability in the balance sheet are the same.

The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the previous period.

(f) Expected contributions to the defined benefit pension plans of the Company for the year ending December 31, 2026 amount to $1,840.
(g) As of December 31, 2025, the weighted average duration of that retirement plan is 7 years.

B. Effective July 1, 2005, the Company has established a funded defined contribution pension plan (the "New Plan") under the Labour Pension Act (the "Act"), covering all regular employees with R.O.C. nationality. Under the New Plan, the Company contributes monthly an amount based on 6% of the employees' monthly salaries and wages to the employees' individual pension accounts at the Bureau of Labour Insurance. The benefits accrued are paid monthly or in lump sum upon termination of employment.

The pension costs under the abovementioned defined contribution pension plan for the years ended December 31, 2025 and 2024 were $34,370 and $36,874, respectively.

(16) Share capital

A. As of December 31, 2025, the Company's authorised common stock was $7,000,000 (including 50,000,000 shares reserved for the issuance of employees' warrants), and ordinary shares outstanding (net of treasury shares) amounted to 462,823,940 thousand shares.
B. Treasury shares

Before becoming a subsidiary, Foxlink Image Technology Co., Ltd. held the Company's capital stock amounting to 27,503 thousand shares with a book value of $272,066 for general investment purpose. For the year ended December 31, 2023, Foxlink Image Technology Co., Ltd. acquired 22,000 thousand shares with an accumulated book value of $622,774 after the Company acquired control over Foxlink Image on October 1, 2018. As of December 31, 2025, the detailed information of Foxlink Image's parent equity shares is as follows:

	December 31, 2025	December 31, 2024
In thousand shares	49,503	49,503
Book value	$ 622,774	$ 622,774

(17) Capital surplus

Pursuant to the R.O.C. Company Act, capital surplus arising from paid-in capital in excess of par value on issuance of common stocks and donations can be used to cover accumulated deficit or to issue new stocks or cash to shareholders in proportion to their share ownership, provided that the Company has no accumulated deficit. Further, the R.O.C. Securities and Exchange Law requires that the amount of capital reserve to be capitalised mentioned above should not exceed 10% of the paid-in capital each year. Capital reserve should not be used to cover accumulated deficit unless the legal reserve is insufficient.

	2025
	Share premium	Treasury share transactions	Difference between proceeds from acquisition or disposal of subsidiary and book value	Changes in ownership interests in subsidiaries	Change in net equity of associates accounted for under the equity method	Total
At January 1	$ 9,337,850	$ 158,119	$ 709,960	$ 209,481	$ 399,249	$ 10,814,659
Cash dividends distributed to subsidiaries	-	47,263	-	-	-	47,263
The Company did not participate in the capital increase of subsidiaries proportionately to ownership	-	-	( 20,404)	113,388	-	92,984
Recognition of change in equity of associates in portion to the Group's ownership	-	-	-	192,262	-	192,262
Changes in ownership interest in subsidiaries	-	-	-	-	217,332	217,332
Compensation costs of employee stock options	-	-	-	14,995	( 13)	14,982
At December 31	$ 9,337,850	$ 205,382	$ 689,556	$ 530,126	$ 616,568	$ 11,379,482
	2024
	Share premium	Treasury share transactions	Difference between proceeds from acquisition or disposal of subsidiary and book value	Changes in ownership interests in subsidiaries	Change in net equity of associates accounted for under the equity method	Total
At January 1	$ 9,337,850	$ 120,307	$ 709,960	$ 87,386	$ 509,398	$ 10,764,901
Cash dividends distributed to subsidiaries	-	37,812	-	-	-	37,812
Subsidiaries convertible bonds issued	-	-	-	121,858	-	121,858
Recognition of change in equity of associates in portion to the Group's ownership	-	-	-	( 521)	( 110,149)	( 110,670)
Compensation costs of employee stock options	-	-	-	758	-	758
At December 31	$ 9,337,850	$ 158,119	$ 709,960	$ 209,481	$ 399,249	$ 10,814,659

(18) Retained earnings/Subsequent events

A. Based on the Company's Articles of Incorporation, the current year's earnings, if any, shall first be used to pay all taxes and offset prior years' operating losses and then 10% of the remaining amount shall be set aside as legal reserve. The appropriation of remainder shall be proposed by the Board of Directors and be resolved by the shareholders.

The Board of Directors may, upon resolution adopted by a majority vote at a meeting of the Board of Directors attended by at least two-thirds of the total number of directors, distribute dividends and bonus, capital surplus or legal reserve, in whole or in part, in the form of cash. The above distribution is not subject to approval by the shareholders.

B. According to the Company's Articles of Incorporation, no more than 90% of the distributable retained earnings shall be distributed as stockholders' bonus and cash dividend distributed in any calendar year shall be at least 20% of the total distributable earnings in that year based on future capital expenditures budget and capital requirements.

C. Except for covering accumulated deficit or issuing new stocks or cash to shareholders in proportion to their share ownership, the legal reserve shall not be used for any other purpose. The use of legal reserve for the issuance of stocks or cash to shareholders in proportion to their share ownership is permitted, provided that the balance of the reserve exceeds 25% of the Company's paid-in capital.

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

(b) The amounts previously set aside by the Company as special reserve on initial application of IFRSs in accordance with Order No. Financial-Supervisory-Securities-Corporate-1090150022, dated March 31, 2021, shall be reversed proportionately when the relevant assets are used, disposed of or reclassified subsequently.

(c) The amounts set aside by the Company as special reserve for the initial application of IFRSs amounted to $665,206. Furthermore, the Company did not reverse special reserve to retained earnings for the years ended December 31, 2025 and 2024 as a result of the use, disposal or reclassification of related assets. As of December 31, 2025 and 2024, the amount of special reserve set aside all amounted to $665,206.

E. (a) Details of the appropriation of 2024's and 2023's net income which was resolved at the stockholders' meeting on May 29, 2025 and May 30, 2024, respectively, are as follows:

	Year ended December 31, 2024		Year ended December 31, 2023
	Amount	Dividend per share (NTD)	Amount	Dividend per share (NTD)
Legal reserve appropriated	$ 170,651	$ -	$ 117,296	$ -
(Reversal of) special reserve (	1,289,406)	-	309,668	-
Cash dividends	1,280,817	2.5	1,024,654	2.0

(b) The appropriation of 2025 earnings had been proposed by the Board of Directors on March 31, 2026. Details are summarized below:

	Year ended December 31, 2025
	Amount	Dividend per share (NTD)
Special reserve appropriated	$ 440,095	$ -
Cash dividends	512,327	1.0

(19) Operating revenue

A. Disaggregation of revenue from contracts with customers

The Company derives revenue from the transfer of goods over time and at a point in time in the following major product lines and generates related revenue in each reportable segment:

	Years ended December 31,
	2025	2024
Systems and peripheral products	$ 21,637,368	$ 37,325,663
3C component	22,506,379	18,507,702
Total revenue from external customer contracts	$ 44,143,747	$ 55,833,365

B. Contract liabilities

The Company has recognised the following revenue-related contract liabilities:

	December 31, 2025	December 31, 2024
Contract liabilities:
Contract liabilities-advance sales receipts	$ 204,302	$ 233,089

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

	Years ended December 31,
	2025	2024
Revenue recognised that was included in the contract liability balance at the beginning of the year
Sales revenue received in advance	$ 140,264	$ 74,504

(20) Interest income

	Years ended December 31,
	2025	2024
Interest income from bank deposits	$ 54,054	$ 142,502
Interest income from financial assets measured at amortised cost	61	20
Other interest income (Note)	144,678	-
	$ 198,793	$ 142,522

Note: Other interest income represents interest income arising from finance leases; please refer to Note 7(2) I(b) for details.

(21) Other income

	Years ended December 31,
	2025	2024
Revenue from technical service compensation	$ 260,053	$ 211,560
Rental revenue	69,332	48,599
Revenue from management service fees	8,766	12,158
Others	38,343	37,232
	$ 376,494	$ 309,549

Please refer to Note 7(2) D for details of revenue from technical service compensation.

(22) Other gains and losses

	Years ended December 31,
	2025	2024
Gain on write-off of overdue receivables	$ 1,083,146	$ -
Net currency exchange gains	235,629	296,501
Impairment loss	( 171,136)	-
Depreciation charge on investment property	( 19,653)	( 15,038)
Net (loss) gain on disposal of property, plant and equipment	( 16,002)	605
Other gains and losses	( 487)	( 76)
	$ 1,111,497	$ 281,992

(23) Finance costs

	Years ended December 31,
	2025	2024
Interest expense:
Bank borrowings	$ 424,738	$ 303,433
Corporate bonds	24,511	71,281
Lease liabilities	3,646	1,008
	$ 452,895	$ 375,722

(24) Expenses by nature

	Years ended December 31,
	2025	2024
Employee benefit expense	$ 1,162,653	$ 1,574,469
Transportation expenses	118,037	124,279
Depreciation expense	94,261	122,005
Operating lease payments	16,085	28,058
Amortisation charges	21,320	14,363

(25) Employee benefit expense

	Years ended December 31,
	2025	2024
Wages and salaries	$ 981,903	$ 1,360,523
Labour and health insurance fees	88,637	92,740
Pension costs	37,415	39,747
Directors' remuneration	-	18,000
Other personnel expenses	54,698	63,459
	$ 1,162,653	$ 1,574,469

A. According to the Articles of Incorporation of the Company, a ratio of distributable profit of the current year, after covering accumulated losses, shall be distributed as employees' compensation and directors' remuneration. The ratio shall not be lower than 6% for employees' compensation and shall not be higher than 3% for directors' remuneration.

B. For the years ended December 31, 2025 and 2024, employees' compensation was accrued at $0 and $208,093, respectively; directors' remuneration was accrued at $0 and $18,000, respectively. The aforementioned amounts were recognised in salary expenses.

C. The employees' compensation and directors' remuneration were estimated and accrued based on the distributable profit of current year for the year ended December 31, 2025 and percentage as prescribed by the Company's Articles of Incorporation. The Board of Directors resolved the actual appropriation amounts of $0 and appropriated in cash in March 31, 2026.

D. Employees' compensation and directors' remuneration of 2025 as resolved at the Board of Directors were in agreement with those amounts recognised in the 2025 financial statements.

E. Information about employees' compensation and directors' remuneration of the Company as approved by the Board of Directors will be posted in the "Market Observation Post System" at the website of the Taiwan Stock Exchange.

(26) Income tax

A. Income tax expense

(a) Components of income tax expense:

	Years ended December 31,
	2025	2024
Current tax:
Tax payable incurred in current year	$ 254,184	$ -
Prior year income tax overestimation	-	(9,202)
Total current tax	254,184	(9,202)
Deferred tax:
Origination and reversal of temporary differences	(170,299)	-
Income tax expense (benefit)	$ 83,885	($ 9,202)

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

	Years ended December 31,
	2025	2024
Currency translation differences	($ 69,230)	$ 267,037
Remeasurement of defined benefit obligations	4,297	4,714
	($ 64,933)	$ 271,751

B. Reconciliation between income tax expense and accounting profit

	Years ended December 31,
	2025	2024
Tax calculated based on (loss) profit before tax and statutory tax rate	($ 596,348)	$ 335,589
Effect from items disallowed by tax regulation	680,233	( 514,062)
Prior year income tax overestimation	-	( 9,202)
Taxable loss not recognised as deferred tax assets	-	178,473
Income tax expense (benefit)	$ 83,885	($ 9,202)

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

	2025
	January 1	Recognised in profit or loss	Recognised in other comprehensive income	December 31
Temporary differences:
-Deferred tax assets:
Bad debts expense	$ 3,562	$ -	$ -	$ 3,562
Unrealised loss on slow-moving inventories	4,579	( 954)	-	3,625
Unrealised profit from sales	59,950	( 6,061)	-	53,889
Impairment loss	-	34,227	-	34,227
Unused compensated absences	7,854	-	-	7,854
Unrealised exchange loss	14,169	35,784	-	49,953
Currency translation differences	14,093	-	69,230	83,323
Others	18,081	( 18,081)	-	-
Subtotal	$ 122,288	$ 44,915	$ 69,230	$ 236,433
-Deferred tax liabilities:
Unrealised long-term investment benefits	($ 884,871)	$ 129,567	$ -	($ 755,304)
Remeasurement of defined benefit plan	( 812)	-	( 4,297)	( 5,109)
Pension costs	( 8,014)	222	-	( 7,792)
Others	-	( 4,405)	-	( 4,405)
Subtotal	($ 893,697)	$ 125,384	($ 4,297)	($ 772,610)
Total	($ 771,409)	$ 170,299	$ 64,933	($ 536,177)

~58~

	2024
	January 1	Recognised in profit or loss	Recognised in other comprehensive income	December 31
Temporary differences:
-Deferred tax assets:
Bad debts expense	$ 3,562	$ -	$ -	$ 3,562
Unrealised loss on slow-moving inventories	13,382	( 8,803)	-	4,579
Unrealised profit from sales	5,824	54,126	-	59,950
Remeasurement of defined benefit plan	3,902	-	( 3,902)	-
Unused compensated absences	7,804	50	-	7,854
Unrealised exchange loss	-	14,169	-	14,169
Currency translation differences	281,130	-	( 267,037)	14,093
Others	-	18,081	-	18,081
Subtotal	$ 315,604	$ 77,623	($ 270,939)	$ 122,288
-Deferred tax liabilities:
Unrealised exchange gain	($ 12,299)	$ 12,299	$ -	$ -
Unrealised long-term investment benefits	( 788,223)	( 96,648)	-	( 884,871)
Remeasurement of defined benefit plan	-	-	( 812)	( 812)
Pension costs	( 8,209)	195	-	( 8,014)
Others	( 6,531)	6,531	-	-
Subtotal	($ 815,262)	($ 77,623)	($ 812)	($ 893,697)
Total	($ 499,658)	$ -	($ 271,751)	($ 771,409)

D. Expiration dates of unused tax losses and amounts of unrecognized deferred tax assets are as follows: (December 31, 2025: None)

Year ended December 31, 2024

Year incurred	Amount assessed	Unused amount	Unrecognised deferred tax assets	Expiry year
2024 (estimate)	$ 673,400	$ 673,400	$ 673,400	2034

E. The Company's income tax returns through 2022 have been assessed and approved by the Tax Authority.

(27) (Loss) earnings per share

	Year ended December 31, 2025
	Amount after tax	Weighted average number of ordinary shares outstanding (share in thousands)	Loss per share (in dollars)
Basic loss per share
Loss attributable to ordinary shareholders of the parent	($ 3,065,624)	462,824	($ 6.62)
Diluted loss per share
Loss attributable to ordinary shareholders of the parent	($ 3,065,624)	462,824
Assumed conversion of all dilutive potential ordinary shares
Employees’ compensation (Note)	-	-
Loss attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares	($ 3,065,624)	462,824	($ 6.62)
	Year ended December 31, 2024
	Amount after tax	Weighted average number of ordinary shares outstanding (share in thousands)	Earnings per share (in dollars)
Basic earnings per share
Profit attributable to ordinary shareholders of the parent	$ 1,687,146	462,824	$ 3.65
Diluted earnings per share
Profit attributable to ordinary shareholders of the parent	$ 1,687,146	462,824
Assumed conversion of all dilutive potential ordinary shares
Employees’ compensation	-	3,873
Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares	$ 1,687,146	466,697	$ 3.62

Note: Employee compensation had an anti-dilutive effect; therefore, it was excluded from the calculation of diluted earnings per share.

(28) Supplemental cash flow information

Investment activities with partial cash payments:

	Years ended December 31,
	2025	2024
Purchase of property, plant and equipment	$ 59,600	$ 1,720,589
Add: Opening balance of payable on equipment	11,023	11,741
Ending balance of prepayments for equipment	102,391	107,946
Transfer of prepayments for equipment from previous year	3,933	15,564
Less: Ending balance of payable on equipment	( 8,330)	( 11,023)
Opening balance of prepayments for equipment	( 107,946)	( 16,873)
Cash paid during the year	$ 60,671	$ 1,827,944

(29) Changes in liabilities from financing activities

	2025
	Short-term borrowings	Corporate bonds payable	Long-term borrowings	Lease liabilities	Other payables to related parties	Liabilities from financing activities - gross
At January 1	$ 1,100,000	$ 3,593,039	$ 16,272,500	$ 61,454	$ 440,000	$ 21,466,993
Changes in cash flow from financing activities	1,500,000	( 3,600,000)	4,377,500	( 12,495)	96,440	2,361,445
Interest expense paid	-	-	-	( 3,646)	-	( 3,646)
Changes in other non-cash items	-	6,961	-	144,901	-	151,862
At December 31	$ 2,600,000	$ -	$ 20,650,000	$ 190,213	$ 536,440	$ 23,976,654
	2024
	Short-term borrowings	Corporate bonds payable	Long-term borrowings	Lease liabilities	Other payables to related parties	Liabilities from financing activities - gross
At January 1	$ -	$ 6,585,954	$ 11,581,250	$ 73,432	$ 440,000	$ 18,680,636
Changes in cash flow from financing activities	1,100,000	( 3,000,000)	4,691,250	( 20,050)	-	2,771,200
Interest expense paid	-	-	-	( 1,008)	-	( 1,008)
Changes in other non-cash items	-	7,085	-	9,080	-	16,165
At December 31	$ 1,100,000	$ 3,593,039	$ 16,272,500	$ 61,454	$ 440,000	$ 21,466,993

~61~

7. RELATED PARTY TRANSACTIONS

(1) Names of related parties and relationship

Names of related parties	Relationship with the Company
CU International Ltd. (CU)	The subsidiary
Dongguan Fuqiang Electronics Co., Ltd. (DGFQ)	The subsidiary
Fugang Electronic (Dongguan) Co., Ltd. (FGEDG)	The subsidiary
Fugang Electric (Kunshan) Co., Ltd. (FGEKS)	The subsidiary
Foxlink Automotive Technology (Kunshan) Co., Ltd. (KAFE)	The subsidiary
Fushineng Electronics (Kunshan) Co., Ltd. (FSNK)	The subsidiary
Fu Gang Electronic (Nan Chang) Co., Ltd. (FENC)	The subsidiary
Fugang Electric (Yancheng) Co., Ltd. (FG YANCHENG)	The subsidiary
Fugang Electric (Maanshan) Co., Ltd. (FG MAANSHAN)	The subsidiary
Fugang Electric (Xuzhou) Co., Ltd. (FG XuZhou)	The subsidiary
World Circuit Technology Co., Ltd. (WCT)	The subsidiary
Power Quotient International Co., Ltd. (PQI)	The subsidiary
Foxlink International Inc. (FOXLINK)	The subsidiary
Fu Uei International Investment Ltd. (FUII)	The subsidiary
Studio A Inc. (Studio A)	The subsidiary
Sinobest Brothers Limited (SINOBEST)	The subsidiary
Foxlink India Electric Private Limited (FIE)	The subsidiary
Foxlink Technical India Private Limited (FOXLINK INDIA)	The subsidiary
Foxlink (Vietnam) CO., LTD. (FV)	The subsidiary
Foxlink Da Nang Electronic Co., Ltd. (FDN)	The subsidiary
Straight A Inc. (Straight A)	The subsidiary
Studio A Technology Limited (Studio A Hong Kong)	The subsidiary
Shinfox Energy Co., Ltd. (Shinfox)	The subsidiary
Foxlink Technology Ltd. (FT)	The subsidiary
Sustain Co., Ltd. (Sustain)	The subsidiary
FIT Holding Co., Ltd. (FIT Holding)	The subsidiary
Foxlink Image Technology Co., Ltd. (Foxlink Image)	The subsidiary
Glory Science Co., Ltd. (Glory Science)	The subsidiary
Foxlink International Investment Ltd. (FII)	The subsidiary
Foxlink Arizona Inc. (Foxlink Arizona)	The subsidiary
UBILINK AI CO., LTD. (UBILINK)	The subsidiary
Synergy Co., Ltd. (Synergy)	The subsidiary (Note 1)
MICROLINK COMMUNICATIONS INC. (MICROLINK)	The subsidiary (Note 2)
MICROLINK DA NANG COMMUNICATION COMPANY LIMITED (MICROLINK Vietnam)	The subsidiary
SYNCROBOTIC CO., LTD. (SYNCROBOTIC)	The subsidiary (Note 1)
Well Shin Technology Co., Ltd. (Well Shin)	Associate
Xunqiang Communication Technology CO., LTD. (Xunqiang)	Associate

~62~

Names of related parties	Relationship with the Company
Sharetronic Data Technology Co., Ltd. (Sharetronic)	Associate
LUMINYS SYSTEMS CORPORATION (LUMINYS)	Associate
LUMINYS SYSTEMS CANADA CORPORATION (LUMINYS CANADA)	Associate
Sharetronic Data Technology (Hong Kong) Co., Ltd. (Sharetronic HK)	Associate
Terabitcom Technology Co., Ltd. (Terabitcom)	Associate
CENTRAL MOTION PICTURE USA CORPORATION (CMPC USA)	Associate
Hon Hai Precision Industry Co., Ltd. (Hon Hai)	Other related party
Zheng Fa Investment Co., LTD. (Zheng Fa)	Other related party
LI, CHENG	Director

Note 1: In 2025, the company increased its shareholding to more than half of the shares, thus changing from an affiliated company to a subsidiary.

Note 2: The company acquired 100% equity in March 2025, therefore, it has been a subsidiary since March 2025.

(2) Significant related party transactions

A. Operating revenue

	Years ended December 31,
	2025	2024
Sales of goods:
- Subsidiaries
FOXLINK	$ 13,513,231	$ 21,178,707
Others	10,924	18,444
- Associates	3,522	-
- Other related parties	240,999	259,097
	$ 13,768,676	$ 21,456,248

(a) All the credit terms on sales to related parties were 120 to 180 days after monthly billings. The credit terms on sales to third parties were 30 to 120 days after monthly billing or upon shipment of goods, except for receivables arising from the sales of tooling that are collectible upon acceptance by customers.

(b) The Company purchased goods from the abovementioned subsidiaries and sold to the customers after selling raw materials to the factories located in Mainland China for finished goods production for the years ended December 31, 2025 and 2024. Revenue and operating cost of sales of raw materials amounting to $22,973,140 and $28,207,579, respectively, were excluded from purchase or sales of goods as they were offset in the aforementioned transactions. The collections depend on the financial situation after offsetting the receivables against the payables.

B. Purchases of goods

	Years ended December 31,
	2025	2024
Purchases of goods:
- Subsidiaries
DGFQ	$ 19,449,155	$ 20,840,018
FGEDG	5,696,968	14,896,193
FG XuZhou	5,058,672	9,349,833
Others	15,333,795	9,661,759
- Associates	110,763	195,391
- Other related parties	280,429	558,881
	$ 45,929,782	$ 55,502,075

The purchase price in relation to the transaction made with related parties and all purchases from related parties are at arm's-length. Payment period was 60 to 120 days after receipt of goods from suppliers.

C. Rent income

	Years ended December 31,
	2025	2024
Subsidiaries	$ 62,683	$ 43,422
Previous associate	-	595
	$ 62,683	$ 44,017

The Company entered into rental contracts based on normal conditions with related parties and collects rents monthly based on the contracts.

D. Non-operating income - other income

	Years ended December 31,
	2025	2024
Other income
- Subsidiaries
DGFQ	$ 260,053	$ 211,560
Others	37,486	44,312
- Associates	-	29
- Previous associate	-	75
	$ 297,539	$ 255,976

The Company charged technical service compensation and management service fees from CU, Foxlink Image, Sustain and DGFQ, respectively, and collected the net balance after offsetting with payables to related parties and considering the financial situation.

E. Receivables from related parties

	December 31, 2025	December 31, 2024
Accounts receivable:
- Subsidiaries
FOXLINK	$ 1,484,533	$ 3,808,874
Others	11,660	10,233
- Associates	3,046	-
- Previous associate	-	22
- Other related parties	109,841	118,093
	$ 1,609,080	$ 3,937,222
	December 31, 2025	December 31, 2024
Other receivables-purchases on behalf of others
- Subsidiaries
FDN	$ 3,086,025	$ 264,126
DGFQ	2,131,112	1,424,304
FIE	1,864,864	2,424,717
FV	872,524	657,742
FG XuZhou	408,033	1,211,893
FSNK	241,146	443,148
FG MANNSHAN	153,677	469,589
Others	71,012	123,036
- Associates
LUMINYS	424,323	863,615
Others	98,487	69,022
Other receivables-revenue from technical service compensation and management service fees
- Subsidiaries	33,930	17,195
Other receivables-Advance payment
- Subsidiaries	9	489
	$ 9,385,142	$ 7,968,876

(a) The receivables for raw materials as well as fixtures and equipment, purchased by the Company on behalf of the subsidiaries, were excluded from the purchases or sales of goods of the Company. The details are provided in Note 13(3)(d).

(b) For the years ended December 31, 2025 and 2024, the Company's purchase on behalf of associates amounted to $792,373 and $1,041,516, which was not included in the Company's purchase and sales, and the transaction terms are 180 days after weekly billings or 180 days from invoice date.

F. Prepayments

	December 31, 2025	December 31, 2024
Prepayments:
- Subsidiaries
CU	$ -	$ 57,163
- Associates
LUMINYS	-	48,720
Sharetronic HK	21,666	-
	$ 21,666	$ 105,883

The prepayments mainly refer to the prepayments to related parties and the service expenses paid to related parties and the payment terms were determined based on mutual agreements.

G. Payables to related parties

	December 31, 2025	December 31, 2024
Accounts payable:
- Subsidiaries
FG XuZhou	$ 3,661,696	$ 3,978,416
FGEDG	3,236,364	5,696,537
FDN	2,503,319	227,508
FV	2,196,633	1,472,847
FENC	-	1,367,218
DGFQ	886,981	1,201,657
FSNK	799,588	760,938
Others	1,938,376	525,410
- Associates	25,366	55,504
- Other related parties	19,772	49,562
	$ 15,268,095	$ 15,335,597

~66~

	December 31, 2025	December 31, 2024
Other payables-other financing payable
- Subsidiaries
WCT	$ -	$ 100,000
FT	251,440	-
FII	135,000	-
Zhi De Investment	100,000	200,000
FUII	50,000	140,000
Other payables-purchase on behalf of others
- Associates	127,597	9,470
Other payables-receipts under custody
- Subsidiaries
MICROLINK	148,754	-
Others	74,308	40,855
- Associates	50	-
- Other related parties	506	144
	$ 887,655	$ 490,469

Details of accounts payable are provided in the abovementioned Note 7(2) B., and other payables refer to financing and receipts under custody.

H. Lease transactions - lessee

(a) The Company leases buildings from other related parties. The lease term was 3 years and rent was paid every month.

(b) Lease liability

Interest expense

	Years ended December 31,
	2025	2024
Other related parties	$ -	$ 21

	Years ended December 31,
	2025	2024
Subsidiaries	$ 13,443	$ 17,580

I. Lease transactions - lessor

(1) The leased assets of the Company consist of buildings and computer equipment, with lease agreements having a term of eight years. The lease agreements are individually negotiated and include various terms and conditions.

(2) The Company leases buildings and computer equipment to Ubilink AI CO., LTD through finance leases. According to the terms of the lease agreements, ownership of the assets will be transferred to the lessee upon lease maturity. Information regarding profit and loss items related to the lease agreements is as follows:

~67~

	Years ended December 31,
	2025	2024
Finance Income on Net Lease Investment	$ 144,678	$ -

	December 31, 2025	December 31, 2024
Within 1 year	$ 298,448	$ -
Within 2 years	298,448	-
Within 3 years	298,448	-
Within 4 years	298,448	-
Within 5 years	298,448	-
Over 5 years	596,895	-
	$ 2,089,135	$ -

(d) Reconciliation of the undiscounted lease payments and the net investment in the finance lease is provided as follows:

	December 31, 2025		December 31, 2024
	Current	Non-current	Current	Non-current
Undiscounted lease payments	$ 472,543	$ 1,790,687	$ -	$ -
Unearned finance income	(130,737)	(407,132)	-	-
Net investment in the lease	$ 341,806	$ 1,383,555	$ -	$ -

(5) The Company's lease receivables are from related parties. After evaluation, the amount of credit risk loss is not significant. For information regarding the credit risk of the lease receivables, please refer to Note 12 (2).

J. Property transactions

(a) Acquisition of property, plant and equipment

	Years ended December 31,
	2025	2024
- Subsidiaries
Shinfox	$ 1,408	$ 306,000
Others	5,643	1,342
- Associates	4,938	-
	$ 11,989	$ 307,342

i The Company purchased equipment from subsidiaries for the years ended December 31, 2025 and 2024. The payment terms are based on mutual agreement.

ii The Company entered into contracts with Shinfox for the contracted construction and equipment procurement of the engine room building project for the AI supercomputing center during the years ended 2025 and 2024. The total contract amounts were $1,408 and $306,000 for the respective years. The transaction price and payment terms are approximately the same with the market quotes or general suppliers.

(b) Acquisition of property, plant and equipment (shown as "prepayments for business facilities"):

	Years ended December 31,
	2025	2024
- Other related parties
SHIN HON	$ 98,475	$ 98,475

On August 12, 2024, the Company acquired land and plants in Tucheng Industrial Park from Shin Hon International Investment Co., Ltd. Total price of the contracts amounted to $984,750 which was purchased based on normal conditions. As of December 31, 2025, the Company has prepaid $98,475 and the remaining amount of $886,275 will be paid on the payment date in accordance with the contracts.

	Year ended December 31, 2025
	Disposal proceeds	Gain on disposal
Subsidiaries	$ 16,044	$ 3,483
	Year ended December 31, 2024
	Disposal proceeds	Gain on disposal
Subsidiaries	$ 36,072	$ 777

For the years ended December 31, 2025 and 2024, the Company sold equipment to subsidiaries, the collection terms were based on mutual agreement.

(d) Acquisition of financial assets:

	Accounts	No. of shares	Objects	Year ended December 31, 2025
				Consideration
- Subsidiaries
FII	Investments accounted for using equity method	6,000	shares	$ 60,000
FUII	Investments accounted for using equity method	20,000	shares	200,000
FOXLINK ARIZONA	Investments accounted for using equity method	5,400	shares	171,334
LUMINYS	Investments accounted for using equity method	0.23	shares	197,010
UBILINK	Investments accounted for using equity method	6,650	shares	66,500
MICROLINK	Investments accounted for using equity method	29,000	shares	290,000
- Associates
CMPC USA	Investments accounted for using equity method	0.08	Shares of LUMINYS	75,552
- Other related parties
Zheng Fa	Investments accounted for using equity method	850	Shares of MICROLINK	8,500
- Director
LI, CHENG	Investments accounted for using equity method	150	Shares of MICROLINK	1,500
				$ 1,070,396
				Year ended December 31, 2024
	Accounts	No. of shares	Objects	Consideration
FOXLINK ARIZONA	Investments accounted for using equity method	8,300	shares	$ 266,469
FII	Investments accounted for using equity method	21,000	shares	210,000
				$ 476,469

K. Loans to related parties:

(a) As of December 31, 2025 and 2024, the Company’s balance of loans to /from related parties both amounted to $0.

(b) Interest income

	Years ended December 31,
	2025	2024
Shinfox	$ -	$ 84,493

The loans to the subsidiary are repayable in accordance with the contracts after the loans were granted and carry interest at 8% per annum.

L. Endorsements and guarantees

	December 31, 2025	December 31, 2024
- Subsidiaries
Studio A Hong Kong	$ 1,257,200	$ 1,311,400
Studio A	1,257,200	1,311,400
ASHOP	880,040	917,980
KFET	848,610	885,195
FOXLINK	221,299	1,062,234
Others	471,450	524,560
	$ 4,935,799	$ 6,012,769

(3) Key management compensation

	Years ended December 31,
	2025	2024
Salaries and other short-term employee benefits	$ 105,344	$ 173,399
Post-employment benefits	1,769	1,879
Total	$ 107,113	$ 175,278

PLEDGED ASSETS

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

Pledged asset	Book value		Purpose
	December 31, 2025	December 31, 2024
Refundable deposits (shown as "other non-current assets")	$ 11,759	$ 11,759	Customs deposit
Non-current pledged time deposit (shown as "Non-current financial assets at amortised cost")	8,937	8,937	Land lease guarantee
	$ 20,696	$ 20,696

~71~

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS

(1) Contingencies

A. In July 2020, the Company entered into a share transfer contract with two individuals, Wang, Sih-Cheng and Wang, Shih-Sian (collectively, the “Sellers”), wherein both parties agreed that the Company would acquire a 100% equity interest in JOURN TA BROTHERS LIMITED (“Hong Kong company”), a 100% equity interest in HUA TAI ENTERPRISE COMPANY LIMITED (“Myanmar company”) located in Myanmar, which was held by Hong Kong company, as well as Myanmar company’s land use right for Plot No. C7 located in Mingaladon Industrial Park, Myanmar, along with the ownership of buildings on the land, for a total price of USD 12,553 thousand. The Company had paid an amount equivalent to 60% of the total price according to the contract. However, as of today, the Sellers have not yet completed the transfer of equity interests in Hong Kong company according to the contract, nor have they provided the supporting documents to prove that such assets, including the land use right of Plot No. C7 and the ownership of buildings held by Myanmar company, have been transferred to the Company along with the equity interests. Consequently, the Company did not make the final payment on the final payment date (December 31, 2021) as agreed in the contract. The Sellers filed with the Chinese Arbitration Association, Taipei for this arbitration case, requesting the Company to pay the final payment of USD 5,021 thousand. The Company also appointed a lawyer to send a letter notifying the Sellers to complete the contract terms. As of March 31, 2026, the trial has not yet been held. Since the Company assessed that there had been objective evidence of loss, an impairment loss of $113,536 was recognised for the year ended December 31, 2025. Details are provided in Note 6(10) A.

B. Details of contingent matters related to the Company’s subsidiaries are disclosed in Note 9(1) to the consolidated financial statements.

(2) Commitments

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

	December 31, 2025	December 31, 2024
Property, plant and equipment	$ 8,836	$ 10,985

B. Please refer to Note 7(2) J (b) for the details of commitments between the Company and related parties.

10. SIGNIFICANT DISASTER LOSS

None.

11. SIGNIFICANT SUBSEQUENT EVENTS

A. Details of the appropriation of 2025 earnings as resolved by the Board of Directors on March 31, 2026 are provided in Note 6(18).

B. On March 16, 2026, the Board of Directors resolved to increase capital in Foxlink Texas Inc. by US$35 million. This investment is intended to fund the construction of plants and equipment as well as to fulfill working capital.

12. OTHERS

(1) Capital management

The Company's objectives when managing capital are to safeguard the Company's ability to continue as a going concern in order to provide returns for shareholders and to maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. The Company monitors capital on the basis of the actual financial condition.

(2) Financial instruments

A. Financial instruments by category

	December 31, 2025	December 31, 2024
Financial assets
Financial assets at amortised cost/loans and receivables
Cash and cash equivalents	$ 3,423,484	$ 1,875,369
Financial assets at amortised cost	8,937	8,937
Accounts receivable	9,244,514	12,971,429
Finance lease receivable	341,806	-
Other receivables	9,387,879	7,973,081
Guarantee deposits paid	11,759	11,759
Long-term notes and accounts receivable	1,383,555	-
	$ 23,801,934	$ 22,840,575
	December 31, 2025	December 31, 2024
Financial liabilities
Financial liabilities at amortised cost
Short-term borrowings	$ 2,600,000	$ 1,100,000
Accounts payable	15,502,802	15,938,480
Other payables	6,998,916	8,932,413
Bonds payable (including current portion)	-	3,593,039
Long-term borrowings (including current portion)	20,650,000	16,272,500
Guarantee deposits received	3,315	3,339
	$ 45,755,033	$ 45,839,771
Lease liability	$ 190,213	$ 61,454

B. Risk management policies

(a) The Company’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk, interest rate risk and price risk), credit risk and liquidity risk. The Company’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Company’s financial position and financial performance.

(b) Risk management is carried out by a central treasury department (Company treasury) under policies approved by the Board of Directors. Company treasury identifies, evaluates and hedges financial risks in close co-operation with the Company’s operating units. The Board provides written principles for overall risk management, as well as written policies covering specific areas and matters, such as foreign exchange risk, interest rate risk, and credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment of excess liquidity.

C. Significant financial risks and degrees of financial risks

(a) Market risk

Foreign exchange risk

i. The Company operates internationally and is exposed to exchange rate risk arising from the transactions of the Company used in various functional currency, primarily with respect to the USD and RMB. Exchange rate risk arises from future commercial transactions and recognised assets and liabilities.

ii. Management has set up a policy to require Company entities to manage their foreign exchange risk against their functional currency. The companies are required to hedge their entire foreign exchange risk exposure with the Company treasury. Exchange rate risk is measured through a forecast of highly probable USD and RMB expenditures. Forward foreign exchange contracts are adopted to minimise the volatility of the exchange rate affecting cost of forecast inventory purchases.

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

~73~

	December 31, 2025
	Foreign currency amount (In thousands)	Exchange rate	Book value (NTD)
(Foreign currency: functional currency)
Financial assets
Monetary items
USD : NTD	$ 403,405	31.43	$ 12,679,773
RMB : NTD	273,941	4.47	1,224,955
HKD : NTD	228	4.04	921
EUR : NTD	1,373	36.90	50,664
JPY : NTD	16,970	0.20	3,408
SGD : NTD	16	24.45	391
Non-monetary items
USD : NTD	$ 97,123	31.43	$ 3,052,583
HKD : NTD	6,741,524	4.04	27,222,273
Financial liabilities
Monetary items
USD : NTD	$ 612,186	31.43	$ 19,244,243
HKD : NTD	1,670	4.04	6,743
EUR : NTD	2,374	36.90	87,601
JPY : NTD	157	0.20	32
	December 31, 2024
	Foreign currency amount (In thousands)	Exchange rate	Book value (NTD)
(Foreign currency: functional currency)
Financial assets
Monetary items
USD : NTD	$ 498,317	32.79	$ 16,337,323
RMB : NTD	148	4.48	663
HKD : NTD	544	4.22	2,297
EUR : NTD	312	34.14	10,652
JPY : NTD	58,698	0.21	12,321
SGD : NTD	16	24.13	386
Non-monetary items
USD : NTD	$ 66,664	32.79	$ 2,185,594
HKD : NTD	7,033,467	4.22	29,695,297
Financial liabilities
Monetary items
USD : NTD	$ 709,922	32.79	$ 23,274,793
HKD : NTD	1,674	4.22	7,068
EUR : NTD	709	34.14	24,205
JPY : NTD	6,012	0.21	1,262

iv. The total exchange gain, including realised and unrealised, arising from significant foreign exchange variation on the monetary items held by the Company for the years ended December 31, 2025 and 2024 amounted to $235,629 and $296,501, respectively.

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

	Year ended December 31, 2025
	Sensitivity Analysis
	Degree of variation	Effect on profit or loss	Effect on other comprehensive income
(Foreign currency: functional currency)
Financial assets
Monetary items
USD : NTD	1%	$ 126,798	$ -
RMB : NTD	1%	12,250	-
HKD : NTD	1%	9	-
EUR : NTD	1%	507	-
JPY : NTD	1%	34	-
SGD : NTD	1%	4	-
Financial liabilities
Monetary items
USD : NTD	1%	$ 192,442	$ -
HKD : NTD	1%	67	-
EUR : NTD	1%	876	-
JPY : NTD	1%	-	-

	Year ended December 31, 2024
	Sensitivity Analysis
	Degree of variation	Effect on profit or loss	Effect on other comprehensive income
(Foreign currency: functional currency)
Financial assets
Monetary items
USD : NTD	1%	$ 163,373	$ -
RMB : NTD	1%	7	-
HKD : NTD	1%	23	-
EUR : NTD	1%	107	-
JPY : NTD	1%	123	-
SGD : NTD	1%	4	-
Financial liabilities
Monetary items
USD : NTD	1%	$ 232,748	$ -
HKD : NTD	1%	71	-
EUR : NTD	1%	242	-
JPY : NTD	1%	13	-

Cash flow and fair value interest rate risk

i. The Company’s main interest rate risk arises from short-term and long-term borrowings with variable rates, which expose the Company to cash flow interest rate risk. The Company’s interest rates of borrowings are fixed and floating rate. For the years ended December 31, 2025 and 2024, the Company’s borrowings issued by floating rate are priced in New Taiwan dollars and US dollars.

ii. As of December 31, 2025 and 2024, if interest rates on borrowings at that date had been 1% lower/higher with all other variables held constant, post-tax profit for the years ended December 31, 2025 and 2024 would have been $186,000 and $138,980 lower/higher, respectively, mainly as a result of higher interest expense on floating rate borrowings.

(b) Credit risk

i. Credit risk refers to the risk of financial loss to the Company arising from default by the clients or counterparties of financial instruments on the contract obligations. The main factor is that counterparties could not repay in full the accounts receivable based on the agreed terms.

ii. According to the Company’s credit policy, each local entity in the Company is responsible for managing and analysing the credit risk for each of their new clients before standard payment and delivery terms and conditions are offered. Internal risk control assesses the credit quality of the customers, taking into account their financial position, past experience and other factors. Individual risk limits are set based on internal or external ratings in accordance with limits set by the Board of Directors. The utilisation of credit limits is

regularly monitored.

iii. Company treasury manages credit risk of cash in banks and other financial instruments based on the Company's credit policy. Because the Company's counterparties are determined based on the Company's internal control, only rated banks with an optimal rating and financial institutions with investment grade are accepted.

iv. The Company adopts following assumptions under IFRS 9 to assess whether there has been a significant increase in credit risk on that instrument since initial recognition. If the contract payments were past due over 30 days based on the terms, there has been a significant increase in credit risk on that instrument since initial recognition.

The Company adopts the assumptions under IFRS 9 and considers the industry characteristics, the default occurs when the contract payments are past due over 120 days.

v. The following indicators are used to determine whether the credit impairment of debt instruments has occurred:

(i) It becomes probable that the issuer will enter bankruptcy or other financial reorganisation due to their financial difficulties;

(ii) A breach of contract.

vi. The Company classifies customers' accounts receivable in accordance with customer types. The Company applies the roll rate to estimate expected credit loss.

vii. The Company used the forecast ability of Taiwan Institute of Economic Research boom observation report to adjust historical and timely information to assess the default possibility of accounts receivable. As of December 31, 2025 and 2024, the provision matrix is as follows:

	Not past due	Up to 30 days past due	31~120 days past due	Over 120 days	Total
At December 31, 2025
Expected loss rate	0.07%	2.94%	23.68%	100.00%
Total book value	$ 7,324,898	$ 323,251	$ 2,796	$ 30	$ 7,650,975
Loss allowance	$ 5,333	$ 9,516	$ 662	$ 30	$ 15,541
	Not past due	Up to 30 days past due	31~120 days past due	Over 120 days	Total
At December 31, 2024
Expected loss rate	0.08%	2.63%	18.82%	100.00%
Total book value	$ 8,701,129	$ 329,176	$ 24,240	$ 1,104	$ 9,055,649
Loss allowance	$ 7,352	$ 8,425	$ 4,561	$ 1,104	$ 21,442

viii. Movements in relation to the Company applying the simplified approach to provide loss allowance for accounts receivable are as follows:

	2025	2024
	Accounts receivable	Accounts receivable
At January 1	$ 21,442	$ 22,794
Current Period Reversals	( 5,901)	( 1,352)
At December 31	$ 15,541	$ 21,442

i. Cash flow forecasting is performed in the operating entities of the Company and aggregated by Company treasury. Company treasury monitors rolling forecasts of the Company's liquidity requirements to ensure it has sufficient cash to meet operational needs.

ii. The table below analyses the Company's non-derivative financial liabilities and net-settled or gross-settled derivative financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date for non-derivative financial liabilities and to the expected maturity date for derivative financial liabilities. The amounts disclosed in the table are the contractual undiscounted cash flows:

Non-derivative financial liabilities:

December 31, 2025	Less than 1 year	Between 1 and 2 years	Between 2 and 3 years	Between 3 and 5 years	Over 5 years
Short-term borrowings	$ 2,613,355	$ -	$ -	$ -	$ -
Lease liabilities	16,141	16,141	16,141	40,873	131,815
Long-term borrowings (including current portion)	741,586	8,013,999	2,248,199	10,846,137	-

Non-derivative financial liabilities:

December 31, 2024	Less than 1 year	Between 1 and 2 years	Between 2 and 3 years	Between 3 and 5 years	Over 5 years
Short-term borrowings	$ 1,109,182	$ -	$ -	$ -	$ -
Lease liabilities	7,550	7,550	7,550	15,100	27,683
Long-term borrowings (including current portion)	963,297	6,881,495	3,012,218	6,282,123	-
Bonds payable (including current portion)	3,617,656	-	-	-	-

iii. The Company does not expect the timing of occurrence of the cash flows estimated through the maturity date analysis will be significantly earlier, nor expect the actual cash flow amount will be significantly different.

~78~

~79~

13. SUPPLEMENTARY DISCLOSURES

(1) Significant transactions information

For the investees' information, refer to investees' independent accountant attestation report.

A. Loans to others: Please refer to table 1.
B. Provision of endorsements and guarantees to others: Please refer to table 2.
C. Holding of significant marketable securities at the end of the period (not including subsidiaries, associates and joint ventures): Please refer to table 3.
D. Purchases or sales of goods from or to related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 4.
E. Receivables from related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 5.
F. Trading in derivative instruments undertaken during the reporting periods: None.
G. Significant inter-company transactions during the reporting period: Please refer to table 6.

(2) Information on investees

For the information on investees, except for current profit (loss) for the year ended December 31, 2025 is translated using the monthly average exchange rate in 2025, others are translated using the spot rate at December 31, 2025.

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

(3) Information on investments in Mainland China

A. Processing on order plant invested in Mainland China:

In 1997, the Company rented plants located in Shenzhen and Dongguan, Guangdong Province, Mainland China, respectively, through the investee, CU International Ltd. and operated the plants through processing on order. The plants were primarily engaged in the manufacture of electronic telecommunication components and electric wire, under CU International Ltd. without their own corporate entity for the operating period ended December 2017. As of March 31, 2026, the plants are still under the cancellation process.

B. Investee in Mainland China, main business activities, paid-in capital, investment method, amount remitted from Taiwan to Mainland China / amount remitted back to Taiwan, ownership, investment income (loss), investments in Mainland China as of December 31, 2025, book value, investment income remitted back and ceiling on investments in Mainland China: Please refer to table 8.

C. Significant transactions, either directly or indirectly through a third area, with investee companies in the Mainland China, and price, payment terms, unreleased income/loss and other related information relating to investments in Mainland China:

(a) The amount and percentage of purchases and the balance and percentage of the related payables at the end of the year:

Company name	General ledger account	Year ended December 31, 2025
		Amount	Ownership (%)
Dongguan Fuqiang Electronics Co., Ltd.	Purchases of goods	$ 19,449,155	41%
Fugang Electronic (Dongguan) Co., Ltd.	Purchases of goods	$ 5,696,968	12%
Fugang Electric (Xuzhou) Co., Ltd.	Purchases of goods	$ 5,058,672	11%
Fugang Electric (Kunshan) Co., Ltd.	Purchases of goods	$ 2,613,006	6%
Fushineng Electronics (Kunshan) Co., Ltd.	Purchases of goods	$ 1,823,253	4%
Foxlink Automotive Technology (Kunshan) Co., Ltd.	Purchases of goods	$ 217,044	0%
Company name	General ledger account	December 31, 2025
---	---	---	---
		Amount	Ownership (%)
Fugang Electric (Xuzhou) Co., Ltd.	Accounts payable	$ 3,661,696	22%
Fugang Electronic (Dongguan) Co., Ltd.	Accounts payable	$ 3,236,364	20%
Dongguan Fuqiang Electronics Co., Ltd.	Accounts payable	$ 886,981	5%
Fushineng Electronics (Kunshan) Co., Ltd.	Accounts payable	$ 799,588	5%
Fugang Electric (Kunshan) Co., Ltd.	Accounts payable	$ 216,822	1%

(b) Balance and purpose of provision of endorsements/guarantees or collateral at the end of the year: Please refer to table 2.
(c) Maximum balance, ending balance, interest rate range and interest for financing during the year and at December 31, 2025: Please refer to table 1.

(d) Other transactions that have a significant impact on the profit/loss of current period or on the financial condition, such as the rendering or receiving of service:

Company name	General ledger account	Year ended December 31, 2025
		Amount	Ownership (%)
Dongguan Fuqiang Electronics Co., Ltd.	Raw materials purchased on behalf of others	$ 7,865,395	34%
Fugang Electric (Xuzhou) Co., Ltd.	Raw materials purchased on behalf of others	$ 2,621,938	11%
Fugang Electronic (Dongguan) Co., Ltd.	Raw materials purchased on behalf of others	$ 2,359,636	10%
Fugang Electric (Kunshan) Co., Ltd.	Raw materials purchased on behalf of others	$ 753,496	3%
Fushineng Electronics (Kunshan) Co., Ltd.	Raw materials purchased on behalf of others	$ 737,689	3%
Foxlink Automotive Technology (Kunshan) Co., Ltd.	Raw materials purchased on behalf of others	$ 150,615	1%
		Year ended December 31, 2025
Company name	General ledger account	Amount	Ownership (%)
Fushineng Electronics (Kunshan) Co., Ltd.	Fixtures and equipment purchased on behalf of others	$ 19,519	21%
Fugang Electric (Xuzhou) Co., Ltd.	Fixtures and equipment purchased on behalf of others	$ 10,177	11%
Dongguan Fuqiang Electronics Co., Ltd.	Fixtures and equipment purchased on behalf of others	$ 5,674	6%
Fugang Electronic (Dongguan) Co., Ltd.	Fixtures and equipment purchased on behalf of others	$ 495	1%
Fugang Electric (Kunshan) Co., Ltd.	Fixtures and equipment purchased on behalf of others	$ 32	0%

Company name	General ledger account	December 31, 2025
		Amount	Ownership (%)
Dongguan Fuqiang Electronics Co., Ltd.	Other receivables	$ 2,131,112	22%
Fugang Electric (Xuzhou) Co., Ltd.	Other receivables	$ 408,033	4%
Fushineng Electronics (Kunshan) Co., Ltd.	Other receivables	$ 241,146	3%
Fugang Electric (Maanshan) Co., Ltd.	Other receivables	$ 153,677	2%
Fu Gang Electronic (Nan Chang) Co., Ltd.	Other receivables	$ 26,937	0%

14. SEGMENT INFORMATION

None.

~83~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF CASH AND CASH EQUIVALENTS

DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Description	Amount
Cash on hand and petty cash		$ 407
Checking accounts
NTD deposits		4,901
HKD deposits	HKD 69 thousand; conversion rate was 4.04	278
Demand deposits
NTD deposits		72,460
USD deposits	USD 66,123 thousand; conversion rate was 31.43	2,078,248
JPY deposits	JPY 16,970 thousand; conversion rate was 0.20	3,407
RMB deposits	RMB 966 thousand; conversion rate was 4.47	4,319
EUR deposits	EUR 18 thousand; conversion rate was 36.90	673
HKD deposits	HKD 226 thousand; conversion rate was 4.04	914
SGD deposits	SGD 16 thousand; conversion rate was 24.45	393
Time deposits
NTD deposits		1,036
RMB deposits	RMB 272,971 thousand; conversion rate was 4.47	1,220,618
USD deposits	USD 1,140 thousand; conversion rate was 31.43	35,830
		$ 3,423,484

~84~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF ACCOUNTS RECEIVABLE

DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Client Name	Amount	Note
Non-related parties
APPLE Inc.	$ 1,092,177
GOERTEK (HONGKONG) CO., LTD.	665,949
Luxshare Precision Limited	630,453
Mflex Suzhou Co.,Ltd.	520,727
Avary Holding (Shenzhen) Co., Ltd.	518,651
Apple Operations Europe Limited	487,331
Others		Balance of each client has not exceeded 5% of total account balance
	3,735,687
	7,650,975
Less: Allowance for bad debts	( 15,541)
	7,635,434
Related parties
FOXLINK	1,484,533
Hon Hai	109,841
Others	14,706
	1,609,080
	$ 9,244,514

~85~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF INVENTORIES

DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Amount		Note
	Cost	Market Value
Finished goods	$ 2,428,174	$ 2,429,003	Net realisable value
Work in progress	14,928	26,529	〃
Materials	34,305	34,514	〃
	2,477,407	$ 2,490,046
Less: Allowance for loss on slow-moving inventories and valuation loss	( 18,126)
	$ 2,459,281

CHENG UEI PRECISION INDUSTRY CO., LTD.

MOVEMENT SUMMARY OF INVESTMENTS ACCOUNTED FOR UNDER THE EQUITY METHOD
YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars)

Investee	Opening Balance	Addition	Decrease	Ending Balance	Net Assets Value	Valuation Basis	For collateralize and pledge
No. of shares (in thousands)	Amount	No. of shares (in thousands)	Amount (Note 1)	No. of shares (in thousands)	Amount (Note 2)	No. of shares (in thousands)	Percentage of Ownership
CU International Ltd.	493,550	$ 28,251,247	-	$ 204,221	-	($ 2,399,675)	493,550
CULINK International Ltd.	33,528	2,144,252	-	27,320	-	( 11,619)	33,528
Foxlink International Investment Ltd.	489,750	6,015,334	6,000	241,273	-	( 847,556)	495,750
Fu Uei International Investment Ltd.	425,000	2,742,260	20,000	402,016	-	( 2,170,998)	445,000
Well Shin Technology Co., Ltd.	22,282	1,375,788	-	66,847	-	( 96,292)	22,282
Darts Technologies Corporation	65,216	1,634,943	27,678	483,988	-	( 29,289)	92,894
SINOBEST BROTHERS Ltd.	20,704	305,660	-	-	-	( 115,555)	20,704
DU Precision Industry Co., Ltd.	60,000	178,290	-	14,917	( 59,000)	( 189,993)	1,000
FOXLINK TECHNOLOGY Ltd.	86,700	911,318	-	-	-	( 48,479)	86,700
FOXLINK ARIZONA Inc.	23,770	41,342	-	171,334	-	( 375,598)	29,170
Sustain Co., Ltd.	23,529	268,239	-	86,153	-	-	23,529
UBILINK AI CO., LTD.	4,100	37,125	6,650	66,500	-	( 194,578)	10,750
MICROLINK COMMUNICATIONS INC.	-	-	300,000	377,709	-	-	300,000
FOXLINK TEXAS INC.	-	-	20,000	628,597	-	( 296)	20,000
LUMINYS SYSTEMS CORPORATION	-	-	-	272,562	-	( 8,233)	-
		43,905,798		3,043,437		( 6,488,161)
Current prepayments for investments
-JOURN TA		227,072		-		( 113,536)
Credit balance of long-term equity investments reclassified to other non-current liabilities		-		253,875		-
		$ 44,132,870		$ 3,297,312		($ 6,601,697)

Note 1: Addition in the year including gain on investment, changes in net asset value of investees' equity, accumulated translation adjustment, unrealised gain or loss on financial instrument and amount of investment increase.
Note 2: Decrease in the year including loss from investment, accumulated translation adjustment, distribution of cash dividends, changes in net asset value of investees' equity, disposal of investment and share returned from capital decrease of investee.

~87~

CHENG UEI PRECISION INDUSTRY CO., LTD.

MOVEMENT SUMMARY OF PROPERTY, PLANT AND EQUIPMENT AND INVESTMENT PROPERTY

YEAR ENDED DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Opening Balance	Addition	Decrease	Transfers	Ending Balance	For collateralize and pledge
Lands	$ 264,264	$ -	$ -	($ 59,147)	$ 205,117	None
Buildings and structures	1,225,241	2,067	( 1,524)	( 233,569)	992,215	〃
Machinery and equipment	89,766	14,860	( 52,466)	-	52,160	〃
Office equipment	59,565	11,731	( 24,160)	-	47,136	〃
Other equipment	197,959	30,942	( 88,401)	( 484)	140,016	〃
Unfinished construction and equipment under acceptance	1,699,406	-	-	( 1,699,406)	-	〃
	$ 3,536,201	$ 59,600	($ 166,551)	($ 1,992,606)	$ 1,436,644
Investment property
Land	$ 148,164	$ -	$ -	$ 59,147	$ 207,311	None
Buildings and structures	759,502	-	-	233,522	993,024	〃
	$ 907,666	$ -	$ -	$ 292,669	$ 1,200,335

~88~

CHENG UEI PRECISION INDUSTRY CO., LTD.

MOVEMENT SUMMARY OF ACCUMULATED DEPRECIATION AND IMPAIRMENT OF PROPERTY, PLANT AND EQUIPMENT AND

INVESTMENT PROPERTY

YEAR ENDED DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Opening Balance	Addition	Decrease	Transfers	Ending Balance
Buildings and structures	$ 465,055	$ 20,307	($ 36)	($ 69,257)	$ 416,069
Machinery and equipment	69,732	11,732	( 39,276)	-	42,188
Office equipment	38,184	13,500	( 23,722)	-	27,962
Other equipment	84,393	34,631	( 55,108)	( 5)	63,911
	$ 657,364	$ 80,170	($ 118,142)	($ 69,262)	$ 550,130
Investment property
Buildings and structures	$ 235,360	$ 19,653	$ -	$ 69,262	$ 324,275

~89~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF ACCOUNTS PAYABLE

DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Client Name	Amount	Note
Non-related parties
He Zhan Electronic Co., Ltd.	$ 52,088
Others		Balance of each client
has not exceeded 5%
of total account balance
	182,619
	$ 234,707
Related parties
FG XuZhou	3,661,696
FGEDG	3,236,364
FDN	2,503,319
FV	2,196,633
DGFQ	886,981
FSNK	799,588
Others	1,983,514
	15,268,095
	$ 15,502,802

CHENG UEI PRECISION INDUSTRY CO., LTD.
STATEMENT OF LONG-TERM BORROWINGS
DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars)

Creditor	Description	Amount	Contract Period
Bank of Taiwan	Unsecured syndicate credit long-term borrowings	$ 884,000	2024/10/15~2029/10/15
Taiwan Cooperative Bank	〃	520,000	〃
First Bank	〃	520,000	〃
Mega Bank	〃	520,000	〃
BANK SINOPAC CO., LTD.	〃	520,000	〃
E.SUN BANK	〃	520,000	〃
Land Bank	〃	364,000	〃
Hua Nan Commercial Bank	〃	364,000	〃
Yuanta Commercial Bank	〃	364,000	〃
Far Eastern International Bank	〃	260,000	〃
Chang Hwa Commercial Bank, Ltd.	〃	182,000	〃
Agricultural Bank of Taiwan	〃	182,000	〃
		5,200,000
Mega Bank	Unsecured syndicate credit long-term borrowings	1,814,998	2024/6/14~2029/6/14
E.SUN BANK	〃	870,834	〃
Hua Nan Commercial Bank	〃	870,834	〃
Taiwan Cooperative Bank	〃	870,834	〃
Chang Hwa Commercial Bank, Ltd.	〃	357,500	〃
Yuanta Commercial Bank	〃	357,500	〃

~90~

~91~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF LONG-TERM BORROWINGS (Cont.)

DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars)

Creditor	Description	Amount	Contract Period
Taishin International Bank	Unsecured syndicate credit long-term borrowings	$ 357,500	2024/6/14~2029/6/14
		5,500,000
Panhsin Bank	Mid and long term unsecured borrowings	300,000	2023/12/25~2026/12/25
TAIWAN SHIN KONG COMMERCIAL BANK CO., L	〃	100,000	2024/3/26~2027/3/26
Yuanta Commercial Bank	〃	400,000	2025/12/16~2027/12/15
DBS Bank	〃	900,000	2025/9/2~2027/9/2
DBS Bank	〃	100,000	2025/9/2~2027/9/2
BANK SINOPAC CO., LTD.	〃	1,000,000	2025/1/8~2028/1/31
Mizuho Bank	〃	1,350,000	2025/8/10~2027/8/10
Taipei Fubon Bank	〃	1,000,000	2025/5/31~2028/5/31
First Bank	〃	600,000	2025/8/22~2027/8/22
Cathay Bank	〃	1,500,000	2025/3/31~2027/3/31
KGI Commercial Bank Co., Ltd.	〃	2,000,000	2025/6/30~2027/6/30
Agricultural Bank of Taiwan	〃	400,000	2024/6/24~2027/6/24
E.SUN BANK	〃	300,000	2025/11/11~2027/11/11
		9,950,000
Subtotal		20,650,000
Less: Current portion		( 13,000,000)
Total		$ 7,650,000

~92~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF OPERATING REVENUE

YEAR ENDED DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Volume	Amount	Note
3C electronic equipment (including components and other electronic related products)		$ 44,371,354
Less: Sales returns		( 18,363)
Sales discounts and allowances		( 209,244)
		$ 44,143,747

~93~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF OPERATING COSTS

YEAR ENDED DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Amount	Note
Raw materials at the beginning	$ 57,453
Add: Materials purchased for the year	1,202,264
Less: Raw materials at the end	( 34,305)
Raw materials used in the year	1,225,412
Direct labor	49,074
Manufacturing expenses	168,394
Manufacturing costs	1,442,880
Add:Work in progress at the beginning	39,506
Less:Work in progress at the end	( 14,928)
Cost of finished goods	1,467,458
Add: Finished goods at the beginning	2,237,907
Finished goods purchased for the year	41,622,628
Less: Finished goods at the end	( 2,428,174)
Transferred to expenses	( 13,372)
Manufacturing and selling costs	42,886,447
Less: Gain on reversal of decline in market value	( 4,767)
Total operating costs	$ 42,881,680

~94~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF MANUFACTURING EXPENSES

YEAR ENDED DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Amount	Note
Freight	$ 74,575
Indirect labor	25,610
Processing fees	20,444
Depreciation expense	6,544
Others	41,221
	$ 168,394

~95~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF SALES AND MARKETING EXPENSES

YEAR ENDED DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Amount	Note
Wages and Salaries	$ 48,540
Freight	10,424
Traveling expense	8,081
Insurance expense	6,530
Others	47,680
	$ 121,255

~96~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF GENERAL AND ADMINISTRATIVE EXPENSES

YEAR ENDED DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Amount	Note
Wages and Salaries	$ 340,372
Depreciation expense	72,008
Insurance expense	44,304
Professional service fee	34,504
Freight	30,476
Entertainment expense	24,307
Others	169,079
	$ 715,050

~97~

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF RESEARCH AND DEVELOPMENT EXPENSES

YEAR ENDED DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

Item	Amount	Note
Wages and salaries	$ 542,361
Insurance expense	46,286
Pensions	20,166
Research and development expenses	19,464
Depreciation expense	15,406
Traveling expense	12,617
Others	111,298
	$ 767,598

~98~

CHENG UEI PRECISION INDUSTRY CO., LTD.

SUMMARY STATEMENT OF CURRENT PERIOD EMPLOYEE BENEFITS, DEPRECIATION, DEPLETION AND AMORTIZATION EXPENSES BY

FUNCTION

YEAR ENDED DECEMBER 31, 2025

(Expressed in thousands of New Taiwan dollars)

| Function
Nature | Year ended December 31, 2025 | | | Year ended December 31, 2024 | | |
| --- | --- | --- | --- | --- | --- | --- |
| | Classified as Operating Costs | Classified as Operating Expenses | Total | Classified as Operating Costs | Classified as Operating Expenses | Total |
| Employee benefit expense | | | | | | |
| Wages and salaries | 50,630 | 931,273 | 981,903 | 171,987 | 1,188,536 | 1,360,523 |
| Labour and health insurance fees | 9,458 | 79,179 | 88,637 | 14,393 | 78,347 | 92,740 |
| Pension costs | 3,177 | 34,238 | 37,415 | 2,186 | 37,561 | 39,747 |
| Directors’ remuneration | - | - | - | - | 18,000 | 18,000 |
| Other personnel expenses | 6,374 | 48,324 | 54,698 | 10,236 | 53,223 | 63,459 |
| Depreciation expense (Note 1) | 6,544 | 87,717 | 94,261 | 36,732 | 85,273 | 122,005 |
| Amortisation charge | - | 21,320 | 21,320 | 61 | 14,302 | 14,363 |

Note 1: For the years ended December 31, 2025 and 2024, the Company’s depreciation expense recognised in non-operating expenses and loss amounted to $19,653 and $15,038, respectively.

Note 2: For the years ended December 31, 2025 and 2024, the Company had 851 and 962 employees, respectively, including 5 non-concurrent directors.

Note 3: For the years ended December 31, 2025 and 2024, the average employee benefit expense amounted to $1,374 and $1,626, respectively.

Note 4: For the years ended December 31, 2025 and 2024, the average employee salary expenses amounted to $1,161 and $1,422, respectively. For the year ended December 31, 2025, the average change in adjustments on salary expenses was (18%).

~99~

CHENG UEI PRECISION INDUSTRY CO., LTD.

SUMMARY STATEMENT OF CURRENT PERIOD EMPLOYEE BENEFITS, DEPRECIATION, DEPLETION AND AMORTIZATION EXPENSES BY FUNCTION (Cont.)
YEAR ENDED DECEMBER 31, 2025
(Expressed in thousands of New Taiwan dollars)

Note 5: The Company’s policies on salary and remuneration (including directors, independent directors, managers and employees).

(a) For payment to directors and independent directors, the correlation between the Company’s policy, standard and combination, procedures of setting remuneration, operating performance and future risk are as follows:

i. The Company's remuneration of directors were paid based on the common standard of the Company's conference attendance fees and traveling fee approved by the Board of Directors.

ii. According to Article 23 of the Company’s Articles of Incorporation: income before tax deduct income before employees’ compensation and directors’ remuneration, after offsetting deficits, if any, shall be distributed as employees’ compensation not lower than 6% and directors’ remuneration not higher than 3% after resolving by the Board of Directors.

(b) For payment to managers, the correlation between the Company’s policy, standard and combination, procedures of setting remuneration, operating performance and future risk are as follows:

i. The Company’s remuneration for managers shall based on the Company’s regulation of performance assessment, individual’s performance and operating contribution to the Company's operation taking into consideration the market standard within the same industry, and reported to the directors for approval after being reviewed by salary and remuneration committee.

(c) For payment to employees, the correlation between the Company’s policy, standard and combination, procedures of setting remuneration, operating performance and future risk are as follows:

i. The Company’s compensation for employees were determined based on individual ability, contribution to the company and performance which have positive correlation with operating performance.

~100~

CHENG UEI PRECISION INDUSTRY CO., LTD.

The Company has adequately controlled the future risk, the policies of compensation also related with future risk. Whole combination of salary and compensation includes basic salary, bonus and employees’ compensation and allowance.

As for the standard of compensation payment, basic salary were determined based on the market competitiveness of their positions and the Company’s policy. Bonus and employees’ compensation were determined through linking with employees’ and segments’ target or the Company's operating performance. The benefits were designed to meet employees' requirements under the related regulations in order to share the Company's operating result with employees.

Cheng Uei Precision Industry Co., Ltd. and subsidiaries

Loans to others

Year ended December 31, 2025

Expressed in thousands of NTD

(Except as otherwise indicated)

Table 1

Number	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2025	Balance at December 31, 2025	Actual amount drawn down	Interest rate	Nature of loan (Note 1)	Amount of transactions with the borrower	Reason for short-term financing	Allowance for doubtful accounts	Collateral		Limit on loans granted to a single party (Note 2)	Ceiling on total loans granted (Note 3)
													Item	Value
1	Fugang Electric (Kunshan) Co., Ltd.	Fujixang Electronics (Kunshan) CO., LTD.(Fu Shi Xiang Research &Development Center(Kunshan)Co., Ltd. (Fu Shi Xiang Kunshan))	Other receivables-related parties	Yes	$ 27,438	$ 26,830	$ 26,830	-	2	$ -	Operations	$ -	-	$ -	$ 2,403,440	$ 2,403,440
1	Fugang Electric (Kunshan) Co., Ltd.	Kunshan Fugang Electric Trading Co., Ltd.	Other receivables-related parties	Yes	184,767	22,358	-	3%	2	-	Operations	-	-	-	961,376	961,376
1	Fugang Electric (Kunshan) Co., Ltd.	Shanghai Standard Information Technology Co., Ltd.	Other receivables-related parties	Yes	16,006	-	-	4%	2	-	Operations	-	-	-	961,376	961,376
2	World Circuit Technology Co., Ltd.	Cheng Uei Precision Industry Co., Ltd.	Other receivables	Yes	100,000	-	-	-	2	-	Operations	-	-	-	100,532	100,532
2	World Circuit Technology Co., Ltd.	Suntain Co., Ltd.	Other receivables	Yes	60,000	60,000	60,000	-	2	-	Operations	-	-	-	100,532	100,532
3	Foxlink International Investment Ltd.	SYNCROBOTIC CO., LTD.	Other receivables	Yes	20,000	20,000	20,000	-	2	-	Operations	-	-	-	2,412,730	2,412,730
3	Foxlink International Investment Ltd.	Suntain Co., Ltd.	Other receivables	Yes	30,000	-	-	-	2	-	Operations	-	-	-	2,412,730	2,412,730
3	Foxlink International Investment Ltd.	Cheng Uei Precision Industry Co., Ltd.	Other receivables	Yes	200,000	135,000	135,000	-	2	-	Operations	-	-	-	2,412,730	2,412,730
4	Fu Uei International Investment Ltd.	Foxlink Arizona Inc.	Other receivables	Yes	131,140	-	-	2%	2	-	Operations	-	-	-	395,030	395,030
4	Fu Uei International Investment Ltd.	Xunqiang Communication Technology Co., Ltd.	Other receivables	Yes	38,000	38,000	38,000	-	2	-	Operations	38,000	-	-	395,030	395,030
4	Fu Uei International Investment Ltd.	Cheng Uei Precision Industry Co., Ltd.	Other receivables	Yes	140,000	50,000	50,000	-	2	-	Operations	-	-	-	395,030	395,030
5	Foxlink Technology Limited	Cu International Ltd.	Other receivables	Yes	570,920	540,401	540,401	-	2	-	Operations	-	-	-	851,231	851,231
5	Foxlink Technology Limited	Cheng Uei Precision Industry Co., Ltd.	Other receivables	Yes	251,440	251,440	251,440	-	2	-	Operations	-	-	-	851,231	851,231
6	Foxlink Tianjin Co., Ltd.	Fugang Electric (Kunshan) Co., Ltd.	Other receivables	Yes	179,120	-	-	3%	2	-	Operations	-	-	-	430,700	430,700

Table 1 Page 1

Number	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2025	Balance at December 31, 2025	Actual amount drawn down	Interest rate	Nature of loan (Note 1)	Amount of transactions with the borrower	Reason for short-term financing	Allowance for doubtful accounts	Collateral		Limit on loans granted to a single party (Note 2)	Ceiling on total loans granted (Note 3)	Footnote
													Item	Value
7	Zhi De Investment Co., Ltd.	Cheng Uei Precision Industry Co., Ltd.	Other receivables	Yes	$ 200,000	$ 100,000	$ 100,000	-	2	$ -	Operations	$ -	-	$ -	$ 101,685	$ 101,685
8	Dongguan Fuqiang Electronics Co., Ltd.	Fugang Electric (Maanshan) Co., Ltd.	Other receivables	Yes	171,488	-	-	1%	2	-	Operations	-	-	-	11,087,032	11,087,032
9	Fugang Electronic (Dongguan) Co., Ltd.	Fugang Electric (Maanshan) Co., Ltd.	Other receivables	Yes	361,267	-	-	Note 4	2	-	Operations	-	-	-	8,023,094	8,023,094	Note 4
10	Fushineng Electronics (Kanshan) Co., Ltd.	Fuqiang Electric (Yancheng) Co., Ltd.	Other receivables	Yes	36,584	-	-	-	2	-	Operations	-	-	-	1,602,377	1,602,377
11	DU Precision Industry Co., Ltd.	Suntain Co., Ltd.	Other receivables	Yes	60,000	-	-	-	2	-	Operations	-	-	-	9,967	9,967
12	Studio A Inc.	Ashop Co., Ltd.	Other receivables	Yes	232,435	157,150	-	3%	2	-	Operations	-	-	-	306,147	306,147
13	Straight A Inc.	Studio A Inc.	Other receivables	Yes	68,000	-	-	-	2	-	Operations	-	-	-	85,942	85,942
14	Studio A Technology Limited	Ashop Co., Ltd.	Other receivables	Yes	166,025	157,150	100,576	2%	2	-	Operations	-	-	-	182,243	182,243
15	Foxlink Image Technology Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	Other receivables	Yes	182,920	178,864	178,864	3%	2	-	Operations	-	-	-	1,189,338	1,189,338
16	Glorytek (Suzhou) Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	Other receivables-related parties	Yes	228,650	223,580	159,189	3%	2	-	Operations	-	-	-	392,925	392,925
17	Power Quotient Technology (Yancheng) Co., Ltd.	Glory Optics (Yancheng) Co., Ltd.	Other receivables	Yes	352,121	344,313	344,313	3%	2	-	Group's capital management	-	-	-	751,628	751,628
17	Power Quotient Technology (Yancheng) Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	Other receivables	Yes	228,650	223,580	223,580	3%	2	-	Group's capital management	-	-	-	751,628	751,628
18	Dong Guan HanYang Computer Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	Other receivables	Yes	114,325	22,358	-	3.45%	2	-	Operations	-	-	-	404,242	404,242
18	Dong Guan HanYang Computer Co., Ltd.	Glory Optics (Yancheng) Co., Ltd.	Other receivables	Yes	112,650	-	-	3.45%	2	-	Operations	-	-	-	404,242	404,242

Table 1 Page 2

Number	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2025	Balance at December 31, 2025	Actual amount drawn down	Interest rate	Nature of loan (Note 1)	Amount of transactions with the borrower	Reason for short-term financing	Allowance for doubtful accounts	Collateral		Limit on loans granted to a single party (Note 2)	Ceiling on total loans granted (Note 3)	Footnote
													Item	Value
19	Shinfox Energy Co., Ltd.	Shinfox Far East Company Pte Ltd.	Other receivables-related parties	Yes	$ 2,000,000	$ 2,000,000	$ 2,000,000	1.98%	2	$ -	Group's capital management	$ -	-	$ -	$ 561,058	$ 561,058	Note 5
19	Shinfox Energy Co., Ltd.	Shinfox Far East (Taiwan) Company Pte Ltd.	Other receivables-related parties	Yes	450,000	450,000	450,000	2.97%	2	-	Group's capital management	-	-	-	561,058	561,058	Note 5
20	Foxwell Energy Corporation Ltd.	Shinfox Far East Company Pte. Ltd	Other receivables-related parties	Yes	8,916,117	8,916,117	8,916,117	-	2	-	Group's capital management	-	-	-	3,065,965	3,065,965	Note 5
21	Shinfox Natural Gas Co., Ltd.	Shinfox Far East Company Pte. Ltd	Other receivables-related parties	Yes	48,119	48,119	48,119	2.97%	2	-	Group's capital management	-	-	-	636,625	636,625
22	Synergy Co., Ltd.	Xinwei Power Co., Ltd.	Other receivables-related parties	Yes	10,000	10,000	10,000	3.50%	2	-	Group's capital management	-	-	-	129,096	129,096

Note 1: The numbers as follows represent the nature of loan:
(1) Business transaction is labelled as "1".
(2) Short-term financing is labelled as "2".
Note 2: (1) Limit on loans granted to a single party is $20\%$ of the Company's net asset value.
(2) Limit on loans granted to the domestic unlisted subsidiaries of the Company and FIT Holding Co., Ltd. is $40\%$ of their net asset value.
(3) Limit on loans granted to direct or indirect holding foreign subsidiaries is $40\%$ of their net asset value.
(4) Limit on loans granted between foreign companies whose voting shares are $100\%$ held by the Company directly or indirectly, or on loans granted to the Company by such foreign companies is $100\%$ of their net asset value.
(5) Limit on loans granted by FIT Holding Co., Ltd. to its direct or indirect holding foreign subsidiaries is $30\%$ of FIT Holding Co., Ltd.'s net asset value on recent financial report.
Note 3: (1) Ceiling on total loans granted to the company is $40\%$ of the Company's net asset value.
(2) Ceiling on total loans granted to the domestic unlisted subsidiaries of the Company and FIT Holding is $40\%$ of their net asset value.
(3) Ceiling on total loans granted to the direct or indirect holding subsidiaries is $40\%$ of their net asset value.
(4) Ceiling on total loans granted between foreign companies whose voting shares are $100\%$ held by the Company directly or indirectly, or on loans granted to the Company by such foreign companies is $100\%$ of their net asset value.
(5) Ceiling on total loans granted by FIT Holding Co., Ltd. to its direct or indirect holding foreign subsidiaries is $40\%$ of their net asset value on recent financial report.
Note 4: The loan granted by Fugang Electronic (Dongguan) Co., Ltd. to Fugang Electric (Maanshan) Co., Ltd. is subject to the following interest rate structure: $265,234 bears interest at 1%, and $96,033 bears interest at 3%.
Note 5: The limit has been exceeded. Shinfox Energy Co., Ltd has established the improvement plan in accordance with the Procedures for Provision of Loans and intends to submit the plan to the Board of Directors.

Cheng Uei Precision Industry Co., Ltd. and subsidiaries

Provision of endorsements and guarantees to others

Year ended December 31, 2025

Table 2
Expressed in thousands of NTD
(Except as otherwise indicated)

Number	Endorser/guarantee	Party being endorsed/guaranteed		Limit on endorsements/guarantees provided for a single party (Note 1)	Maximum outstanding endorsement/guarantee amount as of December 31, 2025	Outstanding endorsement/guarantee amount at December 31, 2025	Actual amount drawn down	Amount of endorsements/guarantees secured with collateral	Ratio of accumulated endorsement/guarantee amount to net asset value of the endorser/guarantee company	Ceiling on total amount of endorsements/guarantees provided (Note 2)	Provision of endorsements/guarantees by parent company to subsidiary	Provision of endorsements/guarantees by subsidiary to parent company	Provision of endorsements/guarantees to the party in Mainland China	Footnote
		Company name	Relationship with the endorser/guarantee
0	Cheng Uei Precision Industry Co., Ltd.	Forslink International Incorporation	The Company's third-tier subsidiary	$ 33,015,180	$ 1,075,842	$ 221,299	$ -	$ -	1.01	$ 66,030,360	Y	N	N
0	Cheng Uei Precision Industry Co., Ltd.	Studio A Inc.	The Company's second-tier subsidiary	33,015,180	1,328,200	1,257,200	304,627	-	5.71	66,030,360	Y	N	N
0	Cheng Uei Precision Industry Co., Ltd.	Studio A Technology Limited	The Company's third-tier subsidiary	33,015,180	1,328,200	1,257,200	110,319	-	5.71	66,030,360	Y	N	N
0	Cheng Uei Precision Industry Co., Ltd.	Kunshan Fugang Electric Trading Co., Ltd.	The Company's third-tier subsidiary	33,015,180	896,535	848,610	123,206	-	3.86	66,030,360	Y	N	Y
0	Cheng Uei Precision Industry Co., Ltd.	Ashop Co., Ltd.	The Company's third-tier subsidiary	33,015,180	929,740	880,040	157,779	-	4.00	66,030,360	Y	N	N
0	Cheng Uei Precision Industry Co., Ltd.	Straight A Inc.	The Company's third-tier subsidiary	33,015,180	498,075	471,450	45,228	-	2.14	66,030,360	Y	N	N
0	Cheng Uei Precision Industry Co., Ltd.	LUMINYS SYSTEMS CORPORATION.	The Company's associates	33,015,180	33,205	-	-	-	-	66,030,360	N	N	N
1	Fugang Electric (Kunshan) Co., Ltd.	Kunshan Fugang Electric Trading Co., Ltd.	Fugang Electric (Kunshan) Co., Ltd.'s sibling company	33,015,180	89,432	89,432	-	-	0.41	66,030,360	N	N	Y
2	Studio A Inc.	Studio A Technology Limited	Studio A Inc.'s subsidiary	33,015,180	597,690	235,725	-	-	1.07	66,030,360	N	N	N
3	Forslink International Incorporation	Forslink Arizona Inc.	Forslink International Incorporation's sibling company	33,015,180	571,923	541,350	541,350	-	2.46	66,030,360	N	N	N
4	FIT Holding Co., Ltd.	Power Quotient International Co., Ltd.	FIT Holding Co., Ltd.'s subsidiary	19,891,434	2,960,000	2,760,000	2,260,000	-	12.54	19,891,434	N	N	N
4	FIT Holding Co., Ltd.	Glory Science Co., Ltd.	FIT Holding Co., Ltd.'s subsidiary	19,891,434	1,410,000	1,310,000	904,000	-	5.95	19,891,434	N	N	N
4	FIT Holding Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	FIT Holding Co., Ltd.'s third-tier subsidiary	19,891,434	137,190	-	-	-	-	19,891,434	N	N	Y
5	Forslink Image Technology Co., Ltd.	Power Quotient International Co., Ltd.	Forslink Image Technology Co., Ltd.'s sibling company	17,840,082	740,000	200,000	25,000	-	0.91	17,840,082	N	N	N
5	Forslink Image Technology Co., Ltd.	Glory Science Co., Ltd.	Forslink Image Technology Co., Ltd.'s sibling company	17,840,082	440,000	-	-	-	-	17,840,082	N	N	N
6	Shinfox Energy Co., Ltd.	Foxwell Energy Corporation Ltd.	Shinfox Energy Co., Ltd.'s subsidiary	8,415,870	27,325,000	19,960,786	11,550,718	-	90.69	8,415,870	N	N	N	Note 3

Number	Endorser/ guarantor	Party being endorsed/guaranteed		Limit on endorsements/ guarantees provided for a single party (Note 1)	Maximum outstanding endorsement/ guarantee amount as of December 31, 2025	Outstanding endorsement/ guarantee amount at December 31, 2025	Actual amount drawn down	Amount of endorsements /guarantees secured with collateral	Ratio of accumulated endorsement/guarantee amount to net asset value of the endorser/guarantee company	Ceiling on total amount of endorsements /guarantees provided (Note 2)	Provision of endorsements /guarantees by parent company to subsidiary	Provision of endorsements /guarantees by subsidiary to parent company	Provision of endorsements /guarantees to the party in Mainland China
		Company name	Relationship with the endorser/guarantee
6	Shinfox Energy Co., Ltd.	Kunshan Jiawei Info Tech Co., Ltd.	Shinfox Energy Co., Ltd.'s subsidiary	$ 8,415,870	$ 68,595	$ 67,074	$ 50,207	$ -	0.30	$ 8,415,870	N	N	Y
6	Shinfox Energy Co., Ltd.	Youde Wind Power Co., Ltd.	Shinfox Energy Co., Ltd.'s subsidiary	7,854,812	700,000	700,000	560,000	-	3.18	8,415,870	N	N	N
6	Shinfox Energy Co., Ltd.	SFE DEVELOPER COMPANY CORPOORATION	Shinfox Energy Co., Ltd.'s second-tier subsidiary	7,854,812	4,980,750	4,714,500	4,714,500	-	21.42	8,415,870	N	N	N
6	Shinfox Energy Co., Ltd.	SHINFOX FAR EAST COMPANY PTE. LTD.	Shinfox Energy Co., Ltd.'s subsidiary	7,854,812	6,374,587	5,870,122	5,870,122	-	26.67	8,415,870	N	N	N
6	Shinfox Energy Co., Ltd.	Shinfox Far East (Taiwan) Co., Ltd.	Shinfox Energy Co., Ltd.'s second-tier subsidiary	7,854,812	1,830,000	1,420,000	920,000	-	6.45	8,415,870	N	N	N
6	Shinfox Energy Co., Ltd.	Changpin Wind Power Ltd.	Shinfox Energy Co., Ltd.'s joint venture	7,854,812	370,000	370,000	370,000	-	1.68	8,415,870	N	N	N
7	Smart Power System Ltd.	BL ANAKIE SOLAR LTD	Smart Power System Ltd.'s investee	321,071	40,541	40,541	40,541	-	0.18	642,142	N	N	N

Note 1: Calculation for limit on endorsements/guarantees provided for a single party is as follows:
(1) For subsidiaries whose shares are $90\%$ or above held by the Company, ceiling on total amount of endorsements and guarantees provided by the Company is $150\%$ of the Company's net asset value; limit on endorsements and guarantees provided by the Company for a single party
(2) For FIT Holding Co., Ltd., limit on endorsements and guarantees for a single party is $600\%$ of FIT Holding Co., Ltd.'s current net asset value and for subsidiary whose equity is no less than $90\%$ held by FIT Holding Co., Ltd., is $600\%$ of FIT Holding Co., Ltd.'s net asset value.
(3) Endorsements and guarantees are available between companies whose voting shares are more than $90\%$ held by FIT Holding Co., Ltd. directly or indirectly. And the limit on endorsements and guarantees is $10\%$ of FIT Holding Co., Ltd.'s net asset value except that endorsements and guarantees are between companies whose voting shares are $100\%$ held by FIT Holding Co., Ltd. directly or indirectly.
Note 2: Calculation for limit on endorsements/guarantees provided is as follows:
(1) The Company's and subsidiaries' endorsements and guarantees to others should not exceed $300\%$ of the Company's net asset value.
(2) FIT Holding Co., Ltd.'s endorsements and guarantees to others and subsidiaries should not exceed $600\%$ of FIT Holding Co., Ltd.'s net asset value in the latest financial statements.
(3) Endorsements and guarantees are available between companies whose voting shares are more than $90\%$ held by FIT Holding Co., Ltd. directly or indirectly. And the limit on endorsements and guarantees is $10\%$ of FIT Holding Co., Ltd.'s net asset value except that endorsements and guarantees are between companies whose voting shares are $100\%$ held by FIT Holding Co., Ltd. directly or indirectly.
Note 3: The total actual drawdown amount of endorsements and guarantees provided by the Company's subsidiary, FIT Holding Co., Ltd, and its subsidiaries has exceeded the limit. An improvement plan has been formulated in accordance with the Procedures for Provision of Endorsements and Guarantees, and the Company intends to submit the plan to the Board of Directors.

Cheng Uei Precision Industry Co., Ltd. and subsidiaries

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

December 31, 2025

Table 3
Expressed in thousands of NTD
(Except as otherwise indicated)

Securities held by	Marketable securities	Relationship with the securities issuer	General ledger account	As of December 31, 2025
				Number of shares(in thousand shares)	Book value	Ownership (%)	Fair value
Changzhou Xinwei Vehicle Energy Venture Capital Co., Ltd.	TBB Power (Xiamen) Co., Ltd.	N/A	Financial assets at fair value through other comprehensive income - non-current	2,149	$ 223,580	4.35	$ 223,580
Changzhou Xinwei Vehicle Energy Venture Capital Co., Ltd.	Shahu Technology (Shanghai) Co., Ltd.	N/A	Financial assets at fair value through other comprehensive income - non-current	163	125,205	14.00	125,205
FIT Holding Co., Ltd.	Leadsun Wind & Solar Co., Ltd.	N/A	Financial assets at fair value through other comprehensive income - non-current	23,843	210,529	12.00	210,529
Foxlink Image Technology Co., Ltd.	Taiwan Mobile Co., Ltd.	N/A	Financial assets at fair value through other comprehensive income - non-current	1,631	176,909	0.04	176,909
Power Quotient International Co., Ltd.	Taiwan Mobile Co., Ltd.	N/A	Financial assets at fair value through other comprehensive income - non-current	1,631	176,909	0.04	176,909
Shinfox Energy Co., Ltd.	Feiyue Development Limited Partnership	N/A	Financial assets at fair value through other comprehensive income - non-current	-	135,000	20.07	135,000

Note: The above disclosure standard is the carrying amount that reaches $100,000.

Cheng Uei Precision Industry Co., Ltd. and subsidiaries

Purchases or sales of goods from or to related parties reaching NT$100 million or
20%
of paid-in capital or more

Year ended December 31, 2025

Table 4
Expressed in thousands of NTD
(Except as otherwise indicated)

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)		Footnote
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
The Company	Foxlink International Incorporation	The Company's third-tier subsidiary	Sales	($ 13,513,231)	( 31)	Note 1	Note 1	Note 1	$ 1,484,533	16	Note 5
The Company	Hon Hai Precision Industry Co., Ltd.	Other related party	Sales	( 240,999)	( 1)	Note 1	Note 1	Note 1	109,841	1	Note 5
The Company	Dongguan Fuqiang Electronics Co., Ltd.	The Company's second-tier subsidiary	Purchases	19,449,155	41	Note 2	Note 2	Note 2	( 886,981)	( 6)	Note 5
The Company	Fugang Electronic (Dongguan) Co., Ltd.	The Company's second-tier subsidiary	Purchases	5,696,968	12	Note 2	Note 2	Note 2	( 3,236,364)	( 21)	Note 5
The Company	Fugang Electric (Kunshan) Co., Ltd.	The Company's second-tier subsidiary	Purchases	2,613,006	6	Note 2	Note 2	Note 2	( 216,822)	( 1)	Note 5
The Company	Fushineng Electronics (Kunshan) Co., Ltd.	The Company's second-tier subsidiary	Purchases	1,823,253	4	Note 2	Note 2	Note 2	( 799,588)	( 5)	Note 5
The Company	Well Shin Technology Co., Ltd.	The Company's investee accounted for using equity method	Purchases	109,036	-	Note 2	Note 2	Note 2	( 23,625)	-	Note 5
The Company	Fugang Electric (Xuzhou) Co., Ltd.	The Company's second-tier subsidiary	Purchases	5,058,672	11	Note 2	Note 2	Note 2	( 3,661,696)	( 24)	Note 5
The Company	Hon Hai Precision Industry Co., Ltd.	Other related party	Purchases	280,429	1	Note 2	Note 2	Note 2	( 19,772)	-	Note 5
The Company	Foxlink Automotive Technology (Kunshan) Co., Ltd.	The Company's second-tier subsidiary	Purchases	217,044	-	Note 2	Note 2	Note 2	-	-	Note 5
The Company	Foxlink (Vietnam) Co., Ltd.	The Company's second-tier subsidiary	Purchases	5,187,851	11	Note 2	Note 2	Note 2	( 2,196,633)	( 14)	Note 5
The Company	Foxlink Da Nang Electronics Co., Ltd.	The Company's second-tier subsidiary	Purchases	3,186,212	7	Note 2	Note 2	Note 2	( 2,503,319)	( 16)	Note 5
The Company	MICROLINK COMMUNICATIONS INC.	The Company's subsidiary	Purchases	910,596	2	Note 2	Note 2	Note 2	( 450,812)	( 3)	Note 5
The Company	CU INTERNATIONAL LTD.	The Company's subsidiary	Purchases	1,363,344	3	Note 2	Note 2	Note 2	( 1,261,937)	( 8)	Note 5
Dongguan Fuqiang Electronics Co., Ltd.	CU INTERNATIONAL LTD.	Affiliated company	Sales	( 1,244,507)	( 5)	Note 2	Note 2	Note 2	1,262,501	20	Note 5
Dongguan Fuqiang Electronics Co., Ltd.	Fugang Electronic (Dongguan) Co., Ltd.	Affiliated company	Purchases	862,443	4	Note 2	Note 2	Note 2	( 44,534)	( 1)	Note 5
Dongguan Fuqiang Electronics Co., Ltd.	Fugang Electric (Xuzhou) Co., Ltd.	Affiliated company	Purchases	135,683	1	Note 2	Note 2	Note 2	( 37,414)	( 1)	Note 5

Table 4 Page 1

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)		Footnote
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Sustain Co., Ltd.	Hon Hai Precision Industry Co., Ltd.	Other related party	Purchases	$ 376,996	77	Note 2	Note 2	Note 2	($ 14,729)	( 47)	Note 5
MICROLINK COMMUNICATIONS INC.	FOXLINK DA NANG ELECTRONICS CO., LTD.	Affiliated company	Purchases	272,510	16	Note 2	Note 2	Note 2	( 66,080)	( 15)	Note 5
MICROLINK COMMUNICATIONS INC.	FOXLINK (VIETNAM) CO., LTD.	Affiliated company	Purchases	309,984	18	Note 2	Note 2	Note 2	( 210,925)	( 47)	Note 5
MICROLINK COMMUNICATIONS INC.	Fugang Electronic (Dongguan) Co., Ltd.	Affiliated company	Purchases	304,083	17	Note 2	Note 2	Note 2	( 173,288)	( 38)	Note 5
Foxlink Image Technology Co., Ltd.	Wei Hai Fu Kang Electric Co., Ltd.	Affiliated company	Purchases	980,789	25	The flexible collection based on the financial situation	Prices are based on the mutual	None	( 454,193)	( 41)	Note 5
Shinfox Energy Co., Ltd.	Changpin Wind Power Ltd.	Joint venture	Sales	( 659,660)	( 51)	Note 1	Note 1	Note 1	2,415	0	Note 3, Note 5
Shinfox Energy Co., Ltd.	Youde Wind Power Co., Ltd.	Affiliated company	Sales	( 431,172)	( 33)	Note 1	Note 1	Note 1	-	-	Note 4, Note 5
Foxwell Energy Corporation Ltd.	Shinfox Far East Company Pte Ltd.	Affiliated company	Purchases	10,009,964	42	Note 2	Note 2	Note 2	( 154,526)	( 8)	Note 5
FOXWELL POWER CO., LTD	Billion Sun Energy Storage Technologies Inc.	Affiliated company	Sales	( 2,723,061)	( 59)	Note 2	Note 2	Note 2	571,500	57	Note 5
Shinfox Far East Company Pte. Ltd.	SFE HERCULES COMPANY CORPORATION	Affiliated company	Purchases	1,061,103	6	Note 2	Note 2	Note 2	( 543,786)	( 15)	Note 5
Shinfox Far East Company Pte. Ltd.	SFE DEVELOPER COMPANY CORPORATION	Affiliated company	Purchases	1,272,836	8	Note 2	Note 2	Note 2	( 819,893)	( 22)	Note 5

Note 1: Please refer to Note 7(2) A. for the details.
Note 2: Please refer to Note 7(2) B. for the details.
Note 3: Changpin Wind Power Ltd. has unfinished construction amounting to $744,824 with the Group's fourth-tier subsidiary, Shinfox Energy.
Note 4: Youde Wind Power Co., Ltd. has unfinished construction amounting to $375,000 with the Group's fourth-tier subsidiary, Shinfox Energy.
Note 5: The relative related party in the same transaction will not be disclosed separately.

Cheng Uzi Precision Industry Co., Ltd. and subsidiaries

Receivables from related parties reaching NTS100 million or
20\%
of paid-in capital or more

December 31, 2025

Table 5
Expressed in thousands of NTD
(Except as otherwise indicated)

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2025	Turnover rate	Overdue receivables		Amount collected subsequent to the balance sheet date	Allowance for doubtful accounts
					Amount	Action taken
The Company	Foxlink International Incorporation	The Company's third-tier subsidiary	$ 1,484,533	9.10	None	N/A	$ 614,791	None
The Company	Fushineng Electronics (Kunshan) Co., Ltd.	The Company's second-tier subsidiary	241,146	Note 1	×	×	-	×
The Company	Hon Hai Precision Industry Co., Ltd.	Other related party	109,841	2.19	×	×	26,108	×
The Company	Fugang Electric (Xuzhou) Co., Ltd.	The Company's second-tier subsidiary	408,033	Note 1	×	×	-	×
The Company	Fuqiang Electric (Maanshan) Co., Ltd.	The Company's second-tier subsidiary	153,677	Note 1	×	×		×
The Company	Dongguan Fuqiang Electronics Co., Ltd.	The Company's second-tier subsidiary	2,131,112	Note 1	×	×	1,263,489	×
The Company	FOXLINK INDIA ELECTRIC PRIVATE LIMITED	The Company's second-tier subsidiary	1,864,864	Note 1	×	×	91,149	×
The Company	FOXLINK VIETNAM CO., LTD.	The Company's second-tier subsidiary	872,524	Note 1	×	×	43,065	×
The Company	FOXLINK DA NANG ELECTRONICS CO., LTD.	The Company's second-tier subsidiary	3,086,025	Note 1	×	×	-	×
The Company	UBILINK AI CO., LTD.	The Company's subsidiary	191,642	Note 1	×	×	1,965	×
The Company	LUMINYS SYSTEMS CORPORATION	Associate	424,323	Note 1	×	×	299,026	×
CU INTERNATIONAL LTD.	The Company	The Company's subsidiary	1,261,937	1.08	×	×	-	×
Fugang Electric (Kunshan) Co., Ltd.	The Company	This company is the ultimate parent company of the Company	216,822	12.05	×	×	-	×
Fushineng Electronics (Kunshan) Co., Ltd.	The Company	This company is the ultimate parent company of the Company	799,588	2.28	×	×	-	×
Fugang Electric (Dongguan) Co., Ltd.	The Company	This company is the ultimate parent company of the Company	3,236,364	1.76	×	×	-	×
Dongguan Fuqiang Electronics Co., Ltd.	The Company	This company is the ultimate parent company of the Company	886,981	21.93	×	×	-	×
Fugang Electric (Xuzhou) Co., Ltd.	The Company	This company is the ultimate parent company of the Company	3,661,696	1.38	×	×	-	×

Table 5 Page 1

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2025	Turnover rate	Overdue receivables		Amount collected subsequent to the balance sheet date	Allowance for doubtful accounts
					Amount	Action taken
FOXLINK VIETNAM CO., LTD.	The Company	This company is the ultimate parent company of the Company	$ 2,196,633	2.36	None	N/A	$ -	None
FOXLINK DA NANG ELECTRONICS CO., LTD	The Company	This company is the ultimate parent company of the Company	2,503,319	1.27	#	#	-	#
Zhi De Investment Co., Ltd.	The Company	This company is the ultimate parent company of the Company	100,000	Note 1	#	#	-	#
Foxlink International Investment Ltd.	The Company	This company is the ultimate parent company of the Company	135,000	Note 1	#	#	-	#
MICROLINK COMMUNICATIONS INC.	The Company	The Company's subsidiary	450,812	2.02	#	#	-	#
FOXLINK TECHNOLOGY LIMITED	The Company	Affiliated company	251,440	Note 1	#	#	-	#
Sharetronic Data Technology Co., Ltd.	The Company	Associate	127,597	Note 1	#	#	-	#
Fugang Electronic (Dongguan) Co., Ltd.	MICROLINK COMMUNICATIONS INC.	Affiliated company	173,288	1.75	#	#	-	#
Dongguan Fuqiang Electronics Co., Ltd.	Fugang Electric (Kunshan) Co., Ltd.	Affiliated company	1,862,177	Note 1	#	#	-	#
Dongguan Fuqiang Electronics Co., Ltd.	FOXLINK DA NANG ELECTRONICS CO., LTD.	Affiliated company	127,429	Note 1	#	#	-	#
Dongguan Fuqiang Electronics Co., Ltd.	CU INTERNATIONAL LTD.	Affiliated company	1,262,501	0.99	#	#	-	#
Fugang Electric (Xuzhou) Co., Ltd.	FOXLINK DA NANG ELECTRONICS CO., LTD.	Affiliated company	238,471	Note 1	#	#	-	#
Foxlink Technology Limited	Cu International Ltd	Affiliated company	540,401	Note 1	#	#	-	#
Fuqiang Electric (MAANSHAN) Co., Ltd.	Dongguan Fuqiang Electronics Co., Ltd.	Affiliated company	137,000	0.00	#	Expected to be recovered during 2026.	-	#
FOXLINK (VIETNAM) CO., LTD.	MICROLINK COMMUNICATIONS INC.	Affiliated company	210,925	1.48	#	#	-	#
Studio A Inc.	Ashop Co., Ltd.	The Company's subsidiary	100,576	Note 1	#	#	-	#
FIT Holding Co., Ltd.	Foxlink Image Technology Co., Ltd.	Affiliated company	135,258	Note 1	#	#	-	#
Foxlink Image Technology Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	Affiliated company	178,864	Note 1	#	#	-	#
Glorytek (Suzhou) Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	Affiliated company	178,057	Note 1	#	#	-	#

Table 5 Page 2

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2025	Turnover rate	Overdue receivables		Amount collected subsequent to the balance sheet date	Allowance for doubtful accounts
					Amount	Action taken
Dongguan Fu Wei Electronics Co., Ltd.	Foxlink Image Technology Co., Ltd.	Affiliated company	$ 616,304	1.01	None	N/A	$ 47,155	None
Wei Hai Fu Kang Electric Co., Ltd.	Foxlink Image Technology Co., Ltd.	Affiliated company	454,193	2.03	#	#	145,284	#
Dong Guan Fu Zhang Precision Industry Co., Ltd.	Foxlink Image Technology Co., Ltd.	Affiliated company	103,518	1.76	#	#	18,095	#
Power Quotient Technology (Yancheng) Co., Ltd.	Glory Optics (Yancheng) Co., Ltd.	Affiliated company	344,313	Note 1	#	#	-	#
Power Quotient Technology (Yancheng) Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	Affiliated company	223,580	Note 1	#	#	-	#
Shinfox Energy Co., Ltd.	Shinfox Far East Company Pte Ltd.	Affiliated company	2,004,882	Note 1	#	Expected to be recovered during 2026.	-	#
Shinfox Energy Co., Ltd.	SHINFOX FAR EAST (TAIWAN) COMPANY PTY LTD	Affiliated company	450,000	Note 1	#	Expected to be recovered during 2026.	-	#
Foxwell Energy Corporation Ltd.	Shinfox Far East Company Pte. Ltd.	Affiliated company	8,916,117	Note 1	#	Expected to be recovered during 2026.	-	#
Foxwell Power Co., Ltd.	Billion Sun Energy Storage Technologies Inc.	Affiliated company	571,500	9.53	#	#	-	#
Shinfox Far East Company Pte. Ltd.	Foxwell Energy Corporation Ltd.	Affiliated company	154,526	0.06	#	Expected to be recovered during 2026.	-	#
SFE HERCULES COMPANY CORPARATION	Shinfox Far East Company Pte. Ltd.	Affiliated company	543,786	168.52	#	Expected to be recovered during 2026.	-	#
SFE DEVELOPER COMPANY CORPARATION	Shinfox Far East Company Pte. Ltd.	Affiliated company	819,893	307.73	#	Expected to be recovered during 2026.	-	#

Note 1: The turnover rate was not applicable as the receivables were recorded as other receivables.

Cheng Uei Precision Industry Co., Ltd. and subsidiaries

Significant inter-company transactions during the reporting periods

Year ended December 31, 2025

Table 6
Expressed in thousands of NTD
(Except as otherwise indicated)

Number (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
1	Cheng Uei Precision Industry Co., Ltd.	Foxlink International Incorporation	1	Sales	$ 13,513,231	Sales prices are based on the mutual agreement	14
1	Cheng Uei Precision Industry Co., Ltd.	Foxlink International Incorporation	1	Accounts receivable	1,484,533	The collections depend on the financial situation after offsetting the receivables against the payables	1
1	Cheng Uei Precision Industry Co., Ltd.	Dongguan Fuqiang Electronics Co., Ltd.	1	Purchases	19,449,155	Purchase prices are based on the mutual agreement	16
1	Cheng Uei Precision Industry Co., Ltd.	Dongguan Fuqiang Electronics Co., Ltd.	1	Accounts payable	886,981	The collections depend on the financial situation after offsetting the receivables against the payables	1
1	Cheng Uei Precision Industry Co., Ltd.	Dongguan Fuqiang Electronics Co., Ltd.	1	Other receivables	2,131,112	The collections depend on the financial situation after offsetting the receivables against the payables	2
1	Cheng Uei Precision Industry Co., Ltd.	Fugang Electric (Kunshan) Co., Ltd.	1	Purchases	2,613,006	Purchase prices are based on the mutual agreement	3
1	Cheng Uei Precision Industry Co., Ltd.	Fugang Electric (Kunshan) Co., Ltd.	1	Accounts payable	216,822	The collections depend on the financial situation after offsetting the receivables against the payables	-
1	Cheng Uei Precision Industry Co., Ltd.	Fushineng Electronics (Kunshan) Co., Ltd.	1	Purchases	1,823,253	Purchase prices are based on the mutual agreement	2
1	Cheng Uei Precision Industry Co., Ltd.	Fushineng Electronics (Kunshan) Co., Ltd.	1	Other receivables	241,146	The collections depend on the financial situation after offsetting the receivables against the payables	-
1	Cheng Uei Precision Industry Co., Ltd.	Fushineng Electronics (Kunshan) Co., Ltd.	1	Accounts payable	799,588	The collections depend on the financial situation after offsetting the receivables against the payables	1
1	Cheng Uei Precision Industry Co., Ltd.	Fugang Electronic (Dongguan) Co., Ltd.	1	Purchases	5,696,968	Purchase prices are based on the mutual agreement	6
1	Cheng Uei Precision Industry Co., Ltd.	Fugang Electronic (Dongguan) Co., Ltd.	1	Accounts payable	3,236,364	The collections depend on the financial situation after offsetting the receivables against the payables	3
1	Cheng Uei Precision Industry Co., Ltd.	FOXLINK TECHNOLOGY LIMITED	1	Other payables	251,440	The collections depend on the financial situation after offsetting the receivables against the payables	-
1	Cheng Uei Precision Industry Co., Ltd.	Fugang Electric (Maanshan) Co., Ltd.	1	Other receivables	153,677	The collections depend on the financial situation after offsetting the receivables against the payables	-
1	Cheng Uei Precision Industry Co., Ltd.	Fugang Electric (Xuzhou) Co., Ltd.	1	Other receivables	408,033	The collections depend on the financial situation after offsetting the receivables against the payables	-
1	Cheng Uei Precision Industry Co., Ltd.	Fugang Electric (Xuzhou) Co., Ltd.	1	Purchases	5,058,672	Purchase prices are based on the mutual agreement	5

Number (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
1	Cheng Uei Precision Industry Co., Ltd.	Fugang Electric (Xuzhou) Co., Ltd.	1	Accounts payable	$ 3,661,696	The collections depend on the financial situation after offsetting the receivables against the payables	3
1	Cheng Uei Precision Industry Co., Ltd.	Foxlink Automotive Technology (Kunshan) Co., Ltd.	1	Purchases	217,044	Purchase prices are based on the mutual agreement	-
1	Cheng Uei Precision Industry Co., Ltd.	Foxlink International Investment Ltd.	1	Other payables	135,000	The collections depend on the financial situation after offsetting the receivables against the payables	-
1	Cheng Uei Precision Industry Co., Ltd.	Zhi De Investment Co., Ltd.	1	Other payables	100,000	The collections depend on the financial situation after offsetting the receivables against the payables	-
1	Cheng Uei Precision Industry Co., Ltd.	Foxlink India Electric Private Limited	1	Other receivables	1,864,864	The collections depend on the financial situation after offsetting the receivables against the payables	2
1	Cheng Uei Precision Industry Co., Ltd.	FOXLINK VIETNAM CO.LTD.	1	Purchases	5,187,851	Purchase prices are based on the mutual agreement	5
1	Cheng Uei Precision Industry Co., Ltd.	FOXLINK VIETNAM CO.LTD.	1	Other receivables	872,524	The collections depend on the financial situation after offsetting the receivables against the payables	1
1	Cheng Uei Precision Industry Co., Ltd.	FOXLINK VIETNAM CO.LTD.	1	Accounts payable	2,196,633	The collections depend on the financial situation after offsetting the receivables against the payables	2
1	Cheng Uei Precision Industry Co., Ltd.	FOXLINK DA NANG ELECTRONICS CO., LTD	1	Purchases	3,186,212	Purchase prices are based on the mutual agreement	3
1	Cheng Uei Precision Industry Co., Ltd.	FOXLINK DA NANG ELECTRONICS CO., LTD	1	Other receivables	3,086,025	The collections depend on the financial situation after offsetting the receivables against the payables	3
1	Cheng Uei Precision Industry Co., Ltd.	FOXLINK DA NANG ELECTRONICS CO., LTD	1	Accounts payable	2,503,319	The collections depend on the financial situation after offsetting the receivables against the payables	2
1	Cheng Uei Precision Industry Co., Ltd.	MICROLINK COMMUNICATIONS INC.	1	Purchases	910,596	Purchase prices are based on the mutual agreement	1
1	Cheng Uei Precision Industry Co., Ltd.	MICROLINK COMMUNICATIONS INC.	1	Accounts payable	450,812	The collections depend on the financial situation after offsetting the receivables against the payables	-
1	Cheng Uei Precision Industry Co., Ltd.	CU INTERNATIONAL LTD.	1	Purchases	1,363,344	Purchase prices are based on the mutual agreement	1
1	Cheng Uei Precision Industry Co., Ltd.	CU INTERNATIONAL LTD.	1	Accounts payable	1,261,937	The collections depend on the financial situation after offsetting the receivables against the payables	1
1	Cheng Uei Precision Industry Co., Ltd.	UBILINK AI CO., LTD.	1	Other receivables	191,642	Transaction terms are based on the mutual agreement	-
2	CU INTERNATIONAL LTD.	Dongguan Fuqiang Electronics Co., Ltd.	3	Purchases	1,244,507	Purchase prices are based on the mutual agreement	1
2	CU INTERNATIONAL LTD.	Dongguan Fuqiang Electronics Co., Ltd.	3	Accounts payable	1,262,501	The collections depend on the financial situation after offsetting the receivables against the payables	1

Table 6 Page 2

Number (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
2	CU INTERNATIONAL LTD.	FOXLINK TECHNOLOGY LIMITED	3	Other payables	$ 540,401	The collections depend on the financial situation after offsetting the receivables against the payables	-
3	Fugang Electric (Kunshan) Co., Ltd.	Kunshan Fugang Electric Trading Co., Ltd.	3	Advance receipts	117,161	The collections depend on the financial situation after offsetting the receivables against the payables	-
4	Dongguan Fuqiang Electronics Co., Ltd.	Fugang Electronic (Dongguan) Co., Ltd.	3	Purchases	862,443	Purchase prices are based on the mutual agreement	1
4	Dongguan Fuqiang Electronics Co., Ltd.	Fugang Electric (Maanshan) Co., Ltd.	3	Accounts payable	137,000	The collections depend on the financial situation after offsetting the receivables against the payables	-
4	Dongguan Fuqiang Electronics Co., Ltd.	Fugang Electric (Kunshan) Co., Ltd.	3	Other receivables	1,862,177	The collections depend on the financial situation after offsetting the receivables against the payables	2
4	Dongguan Fuqiang Electronics Co., Ltd.	Fugang Electric (XuZhou) Co., Ltd.	3	Purchases	135,683	Sales prices are based on the mutual agreement	-
4	Dongguan Fuqiang Electronics Co., Ltd.	FOXLINK DA NANG ELECTRONICS CO., LTD.	3	Other receivables	127,429	The collections depend on the financial situation after offsetting the receivables against the payables	-
5	Fugang Electric (XuZhou) Co., Ltd.	FOXLINK DA NANG ELECTRONICS CO., LTD.	3	Other receivables	238,471	The collections depend on the financial situation after offsetting the receivables against the payables	-
6	MICROLINK COMMUNICATIONS INC.	FOXLINK DA NANG ELECTRONICS CO., LTD.	3	Purchases	272,510	Purchase prices are based on the mutual agreement	-
6	MICROLINK COMMUNICATIONS INC.	FOXLINK (VIETNAM) CO., LTD.	3	Purchases	309,984	Purchase prices are based on the mutual agreement	-
6	MICROLINK COMMUNICATIONS INC.	Fugang Electronic (Dongguan) Co., Ltd.	3	Purchases	304,083	Purchase prices are based on the mutual agreement	-
6	MICROLINK COMMUNICATIONS INC.	FOXLINK (VIETNAM) CO., LTD.	3	Accounts payable	210,925	The collections depend on the financial situation after offsetting the receivables against the payables	-
6	MICROLINK COMMUNICATIONS INC.	Fugang Electronic (Dongguan) Co., Ltd.	3	Accounts payable	173,288	The collections depend on the financial situation after offsetting the receivables against the payables	-
7	Studio A Inc.	ASHOP CO., LTD.	3	Other receivables	100,576	The collections depend on the financial situation after offsetting the receivables against the payables	-
8	FIT Holding Co., Ltd.	Foxlink Image Technology Co., Ltd.	3	Other receivables	135,258	Based on the company's policy	-
9	Foxlink Image Technology Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	3	Other receivables	178,864	Based on the company's policy	-
10	Glorytek (Suzhou) Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	3	Other receivables	178,057	Based on the company's policy	-
11	Dongguan Fu Wei Electronics Co., Ltd.	Foxlink Image Technology Co., Ltd.	3	Accounts receivable	616,304	The flexible collection based on the financial situation	1

Table 6 Page 3

Number (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
11	Dongguan Fu Wei Electronics Co., Ltd.	Foxlink Image Technology Co., Ltd.	3	Processing income	$ 587,693	The flexible collection based on the financial situation	1
12	Wei Hai Fu Kang Electric Co., Ltd.	Foxlink Image Technology Co., Ltd.	3	Accounts receivable	454,193	The flexible collection based on the financial situation	-
12	Wei Hai Fu Kang Electric Co., Ltd.	Foxlink Image Technology Co., Ltd.	3	Sales	980,789	The flexible collection based on the financial situation	1
13	Dongguan Fuzhang Precision Industry Co., Ltd.	Foxlink Image Technology Co., Ltd.	3	Accounts receivable	103,518	The flexible collection based on the financial situation	-
13	Dongguan Fuzhang Precision Industry Co., Ltd	Foxlink Image Technology Co., Ltd.	3	Processing income	167,610	The flexible collection based on the financial situation	-
14	Power Quotient Technology (Yancheng) Co., Ltd.	Glory Optics (Yancheng) Co., Ltd.	3	Other receivables	344,313	Based on the company's policy	-
14	Power Quotient Technology (Yancheng) Co., Ltd.	Glorytek (Yancheng) Co., Ltd.	3	Other receivables	223,580	Based on the company's policy	-
15	Shinfix Energy Co., Ltd.	SHINFOX FAR EAST COMPANY PTE. LTD.	3	Other receivables	2,004,882	Transaction terms are based on the mutual agreement	2
15	Shinfix Energy Co., Ltd.	SHINFOX FAR EAST (TAIWAN) COMPANY PTY LTD	3	Other receivables	450,000	Transaction terms are based on the mutual agreement	-
15	Shinfix Energy Co., Ltd.	Youde Wind Power Co., Ltd.	3	Technical service revenue	431,172	Sales price are approximate to normal clients	-
16	Foxwell Energy Corporation Ltd.	SHINFOX FAR EAST COMPANY PTE. LTD.	3	Construction cost	10,009,964	Purchase price are approximate to normal suppliers	11
16	Foxwell Energy Corporation Ltd.	SHINFOX FAR EAST COMPANY PTE. LTD.	3	Accounts payable	154,526	Transaction terms are based on the mutual agreement	-
16	Foxwell Energy Corporation Ltd.	SHINFOX FAR EAST COMPANY PTE. LTD.	3	Other receivables	8,916,117	The collections depend on the financial situation after offsetting the receivables against the payables	7
17	Foxwell Power Co., Ltd.	Billion Sun Energy Storage Technologies Inc	3	Construction revenue	2,723,061	Sales price are approximate to normal clients	3
17	Foxwell Power Co., Ltd.	Billion Sun Energy Storage Technologies Inc	3	Accounts receivable	571,500	Transaction terms are based on the mutual agreement	-
17	Foxwell Power Co., Ltd.	Billion Sun Energy Storage Technologies Inc	3	Contract assets	1,063,061	Transaction terms are based on the mutual agreement	1
18	SHINFOX FAR EAST COMPANY PTE. LTD.	SFE Hercules Company Corporation	3	Accounts payable	543,786	Transaction terms are based on the mutual agreement	-
18	SHINFOX FAR EAST COMPANY PTE. LTD.	SFE Developer Company Corporation	3	Accounts payable	819,893	Transaction terms are based on the mutual agreement	1

Table 6 Page 4

Number (Note 1)	Company name	Counterparty	Relationship (Note 2)	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 3)
18	SHINFOX FAR EAST COMPANY PTE. LTD.	Shinfox Far East (Taiwan) Company Pty Ltd	3	Guarantee deposits received	$ 1,303,652	Transaction terms are based on the mutual agreement	1
18	SHINFOX FAR EAST COMPANY PTE. LTD.	SFE Hercules Company Corporation	3	Construction cost	1,061,103	Transaction prices are calculated based on actual amount incurred	1
18	SHINFOX FAR EAST COMPANY PTE. LTD.	SFE Developer Company Corporation	3	Construction cost	1,272,836	Transaction prices are calculated based on actual amount incurred	1

Note 1: The numbers filled in for the transaction company in respect of inter-company transactions are as follows:

(1)Parent company is '1'.
(2)The subsidiaries are numbered in order starting from '2'.

Note 2: Relationship between transaction company and counterparty is classified into the following three categories; fill in the number of category each case belongs to (If transactions between parent company and subsidiaries or between subsidiaries refer to the same transaction, it is not required to disclose twice. For example, if the parent company has already disclosed its transaction with a subsidiary, then the subsidiary is not required to disclose the transaction; for transactions between two subsidiaries, if one of the subsidiaries has disclosed the transaction, then the other is not required to disclose the transaction.):

(1)Parent company to subsidiary.
(2)Subsidiary to parent company.
(3)Subsidiary to subsidiary.

Note 3: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts.

Note 4: Disclosure of the transactions of related party over $100 million only and the related party transactions for counterparty are not disclosed.

Cheng Usi Precision Industry Co., Ltd. and subsidiaries

Information on investees

Year ended December 31, 2025

Table 7
Expressed in thousands of NTD
(Except as otherwise indicated)

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net income (loss) of the investor for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares (in thousand shares)	Ownership (%)	Bank value
The Company	Cu International Ltd	British Virgin IS.	Manufacture of electronic telecommunication components and reinvestment business	$ 15,512,277	$ 15,512,277	493,550	100	$ 26,055,793	($ 1,333,506)	($ 1,303,242)
The Company	Culink International Ltd.	British Virgin IS.	Reinvestment business	1,053,785	1,053,785	33,528	100	2,159,953	27,320	27,320
The Company	Foxlink International Investment Ltd.	Taiwan	General investments holdings	4,220,000	4,160,000	495,750	100	5,409,051	( 442,092)	( 471,385)
The Company	Fu Usi International Investment Ltd.	Taiwan	General investments holdings	4,450,000	4,250,000	445,000	100	973,278	( 2,150,031)	( 2,168,522)
The Company	Well Shin Technology Co., Ltd.	Taiwan	Manufacture and sales of wire and cable and electronic telecommunication components	270,065	270,065	22,282	18.84	1,346,343	354,488	66,794
The Company	Darts Technologies Corporation	Taiwan	Manufacture and sales of wired and wireless communication devices	762,566	762,566	92,894	97	2,089,642	464,469	450,535
The Company	DU Precision Industry Co., Ltd.	Taiwan	Sales of raw materials and products of various connectors	10,000	600,000	1,000	100	3,214	14,916	14,916	Note 1
The Company	Foxlink Technology Limited.	Hong Kong	Reinvestment business	350,095	350,095	86,700	100	862,839	( 9,154)	( 9,154)
The Company	Santain Co., Ltd.	Taiwan	Electroplating processing services	190,810	190,810	23,529	100	354,392	86,153	86,153
The Company	Foxlink Arizona Inc.	USA	Energy service management	916,813	747,091	29,170	100	( 162,922)	( 369,313)	( 369,313)
The Company	Sinobest Brothers Limited	Hong Kong	Reinvestment business	650,727	650,727	20,704	85.19	190,105	( 118,696)	( 101,114)
The Company	Ubilink Al Co., Ltd.	Taiwan	Computer software services	107,500	41,000	8,200	53.75	( 90,953)	( 359,765)	( 171,340)
The Company	MICROLINK COMMUNICATIONS INC.	Taiwan	Trading and manufacturing business	300,000	-	30,000	100	377,709	74,825	74,825
The Company	LUMINYS SYSTEMS CORPORATION	USA	Trading of monitoring products	264,012	-	-	31	264,329	46,548	5,869)
The Company	FOXLINK TEXAS INC.	USA	Trading of monitoring products	628,600	-	20,000	100	628,301	( 9,243)	( 296)
Foxlink Technology Limited	Sinobest Brothers Limited	Hong Kong	Reinvestment business	78,383	78,383	3,600	14.81	33,055	( 118,696)	( 17,582)
Sinobest Brothers Limited	Foxlink Myanmar Company Limited	Myanmar	Manufacture and sales of electronic telecommunication components	713,587	713,587	22,704	100	259,864	( 118,483)	( 118,483)

Table 7 Page 1

(Except as otherwise indicated)

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net income (loss) of the investor for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares (in thousand shares)	Ownership (%)	Book value
DU Precision Industry Co., Ltd.	CELINK INTERNATIONAL LTD.	British Virgin IS.	Manufacture and sales of wired and wireless communication devices	$ 519,726	$ 519,726	16,536	100	$ -	$ -	$ -
Darts Technologies Corporation	Benefit Right Ltd.	British Virgin IS.	General investments holdings	309,460	309,460	9,846	100	2,211,509	506,673	506,673
Benefit Right Ltd.	Power Channel Limited	Hong Kong	General investments holdings	242,325	242,325	6	64.25	2,140,882	784,436	504,070
Foslink Arizona Inc.	Grid Response LLC	USA	Energy service management	12,321	12,321	392	50	-	-	-
Cu International Ltd	New Start Industries Ltd.	British Virgin IS.	Reinvestment business	270,298	270,298	8,600	100	2,044,453	413,853	413,853
Cu International Ltd	Foslink Technical India Private Ltd.	India	Manufacture and sales of electronic telecommunication components	123,457	123,457	26,596	34.45	59,479	541	186
Cu International Ltd	Solteras Limited	British Virgin IS.	Reinvestment business	62,860	62,860	1,960	100	-	-	-
Fugang Electronic (Dongguan) Co., Ltd.	FOXLINK DA NANG ELECTRONICS CO., LTD.	Vietnam	Sales of electronic telecommunication components	314,300	-	10,000	18.18	318,301	164,218	29,855
Foslink Automotive Technology (Kunshan) Co., Ltd.	Foslink Automotive Technology Co., Ltd.	Taiwan	Manufacture and sales of electronic telecommunication components	40,545	40,545	5,000	100	48,353	391	391
Colink International Ltd.	Pacific Wealth Limited	Cayman Islands	General investments holdings	31,430	31,430	1,000	100	(116,746)	11,394	11,394
Colink International Ltd.	Foslink Technical India Private Ltd.	India	Manufacture and sales of electronic telecommunication components	211,641	211,641	21,546	65.55	106,840	541	355
Colink International Ltd.	Foslink Powerbank International Technology Private Ltd.	India	Manufacture and sales of electronic telecommunication components	559	559	160	0.73	75,537	(357)	3)
Colink International Ltd.	Glorytek Science India Private Limited	India	Trading and manufacture	559	559	160	0.73	554	(289)	2)
Pacific Wealth Limited	Foslink International Incorporation	USA	Sales of electronic telecommunication components	15,715	15,715	500	100	(116,748)	11,394	11,394
Foslink Technical India Private Ltd.	Tegna Electronics Private Limited	India	Trading and manufacture	10,490	10,490	3,001	10	12,414	1,774	177
Foslink International Investment Ltd.	FIT Holding Co., Ltd.	Taiwan	General investments holdings	1,241,017	1,241,017	58,303	23.67	672,163	(5,625,725)	(1,340,659)
Foslink International Investment Ltd.	Xanqiang Communication Technology Co., Ltd.	Taiwan	Manufacture and sales of telecommunication equipment and apparatus	80,000	80,000	6,857	21.43	721	116,719	25,504
Foslink International Investment Ltd.	World Circuit Technology Co., Ltd.	Taiwan	Manufacture and sales of electronic telecommunication components and flexible printed circuit	469,500	469,500	15,650	69.56	174,812	(29,078)	(17,981)
Foslink International Investment Ltd.	Central Motion Picture Corporation	Taiwan	Motion picture production	876,000	876,000	15,000	13.60	1,549,971	72,206	2,987

(Except as otherwise indicated)

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net income (loss) of the investor for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares (in thousand shares)	Ownership (%)	Book value
Foslink International Investment Ltd.	Foslink India Electric Private Limited	India	Manufacture and sales of electronic telecommunication components	$ 160,662	$ 160,662	41,646	11.60	($ 43,290)	($ 77,120)	($ 8,718)
Foslink International Investment Ltd.	Synerobotic Co., Ltd.	Taiwan	Sales of electronic telecommunication components	57,485	10,000	6,700	100	12,566	($ 55,115)	($ 55,357)
Foslink International Investment Ltd.	Foslink (Vietnam) Co., Ltd.	Vietnam	Sales of electronic telecommunication components	185,058	185,058	6,452	100	2,011,836	($ 767,383)	($ 767,383)
Foslink International Investment Ltd.	FOXLINK DA NANG ELECTRONICS CO., LTD	Vietnam	Sales of electronic telecommunication components	1,450,821	1,450,821	45,000	81.82	1,432,528	($ 164,218)	($ 134,363)
Foslink International Investment Ltd.	FOXLINK DA NANG TECHNOLOGY COMPANY LIMITED	Vietnam	Sales of electronic telecommunication components	63,140	-	2,000	100	62,823	($ 6)	($ 6)
Foslink Image Technology Co., Ltd.	Central Motion Picture Corporation	Taiwan	Motion picture production	257,656	257,656	4,294	3.89	190,159	($ 72,206)	($ 855)
World Circuit Technology Co., Ltd.	Value Success Ltd	British Virgin IS.	Holding company and reinvestment business	201,152	201,152	5,000	100	3,284	($ 29,786)	($ 29,786)
Value Success Ltd	Capital Guardian Limited	British Virgin IS.	Sales of electronic telecommunication components	201,152	201,152	3,005	100	3,214	($ 29,786)	($ 29,786)
Capital Guardian Limited	World Circuit Technology (Hong Kong) Limited	Hong Kong	Sales of electronic telecommunication components	35,187	35,187	-	100	3,214	($ 29,786)	($ 29,786)
Fu Usi International Investment Ltd.	FIT Holding Co., Ltd.	Taiwan	General investments holdings	426,860	426,860	14,690	5.97	124,502	($ 5,625,725)	($ 338,037)
Fu Usi International Investment Ltd.	Studio A Inc.	Taiwan	Sales of electronic telecommunication components	96,200	96,200	13,196	51	401,668	($ 94,911)	($ 48,405)
Fu Usi International Investment Ltd.	VA Product Inc.	Taiwan	Sales of electronic telecommunication components	16,642	16,642	2,400	100	31,951	($ 2,164)	($ 2,164)
Fu Usi International Investment Ltd.	Zhi De Investment Co., Ltd.	Taiwan	General investments holdings	2,184,388	2,184,388	170,918	100	254,214	($ 486,363)	($ 486,363)
Fu Usi International Investment Ltd.	CMPC Cultural & Creative Co., Ltd.	Taiwan	Venture capital	150,000	150,000	15,000	42.86	140,228	($ 238)	($ 4,279)
Fu Usi International Investment Ltd.	Shinfos Energy Co., Ltd.	Taiwan	Mechanical installation and piping engineering	960,164	694,170	21,998	8.01	111,657	($ 15,941,683)	($ 1,275,859)
Fu Usi International Investment Ltd.	Foslink India Electric Private Limited	India	Manufacture and sales of electronic telecommunication components	1,191,167	1,010,999	317,247	88.40	329,770)	($ 77,120)	($ 68,402)
Fu Usi International Investment Ltd.	X2 CLOUD INC.	USA	Security software service	188,580	-	6,000	60	160,886	($ 45,790)	($ 27,474)
Zhi De Investment Co., Ltd.	FIT Holding Co., Ltd.	Taiwan	General investments holdings	1,486,096	1,486,096	21,056	8.55	53,286)	($ 5,625,725)	($ 484,482)
Studio A Inc.	Straight A Inc.	Taiwan	Sales of electronic telecommunication components	84,543	84,543	12,527	100	214,856	($ 56,301)	($ 56,301)

(Except as otherwise indicated)

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net income (loss) of the investor for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares (in thousand shares)	Ownership (%)	Book value
Studio A Inc.	Studio A Technology Limited	Hong Kong	Sales of electronic telecommunication components	$ 10,297	$ 10,297	2,550	51	$ 232,360	$ 48,992	$ 24,986
Studio A Inc.	Jing Jing Technology Co., Ltd.	Taiwan	Sales of electronic telecommunication components	3,700	3,700	370	100	8,115	63	63
Studio A Technology Limited	Ashop Co., Ltd.	South Korea	Sales of electronic telecommunication components	4,715	4,715	10	100	40,593	10,920	10,920
Studio A Technology Limited	Straight A (Hong Kong) Inc.	Hong Kong	Sales of electronic telecommunication components	8,076	8,076	200	100	7,887	178	178
MICROLINK COMMUNICATIONS INC.	MICROLINK DA NANG COMMUNICATION COMPANY LIMITED	Vietnam	Manufacture and sales of electronic telecommunication components	125,720	-	4,000	100	120,474	(5,130)	(5,130)
FIT Holding Co., Ltd.	Glory Science Co., Ltd.	Taiwan	Manufacture and sales of optical instruments	2,814,868	2,814,868	35,000	100	466,873	221,245	221,245
FIT Holding Co., Ltd.	Foxlink Image Technology Co., Ltd.	Taiwan	Manufacture and sales of image scanners and multifunction printers	3,011,140	3,011,140	164,994	100	3,378,613	(25,879)	(32,216)
FIT Holding Co., Ltd.	Power Quotient International Co., Ltd.	Taiwan	Manufacture and sales of electronic telecommunication components	3,372,180	3,372,180	444,691	100	682,417	(5,929,367)	(5,930,137)
FIT Holding Co., Ltd.	Shih Fong Power Co., Ltd.	Taiwan	Hydroelectric power	300,000	300,000	37,500	16.30	390,663	6,350	1,035
FIT Holding Co., Ltd.	Synergy Co., Ltd.	Taiwan	Energy service management	36,760	36,760	3,676	2.50	36,772	9,172	169
Foxlink Image Technology Co., Ltd.	ACCU-Image Technology Limited	British Virgin IS.	Manufacture and sales of image scanners and multifunction printers	1,357,049	1,357,049	20,241	100	3,497,250	509,486	509,486
Foxlink Image Technology Co., Ltd.	Shih Fong Power Co., Ltd.	Taiwan	Hydroelectric power	957,600	957,600	79,800	34.70	962,812	6,350	2,203
Foxlink Image Technology Co., Ltd.	Shinfox Energy Co., Ltd.	Taiwan	Energy service management	1,466,522	-	18,332	6.67	403,034	(15,941,683)	(1,063,310)
Accu-Image Technology Limited	Power Channel Limited	Hong Kong	Holding company and reinvestment business	134,835	134,835	4	35.75	1,292,832	784,338	280,401
Glory Science Co., Ltd.	GLORY TEK (BVI) CO., LTD.	British Virgin IS.	General investments holdings	1,492,919	1,492,919	47,500	100	606,682	621,795	621,795
Glorytek (BVI) Co., Ltd.	GLORY TEK (SAMOA) CO., LTD.	Samoa	General investments holdings	1,001,065	1,001,065	31,851	100	665,724	235,576	235,576
Glorytek (BVI) Co., Ltd.	GLORY OPTICS (BVI) CO., LTD.	British Virgin IS.	Sales agent	502,880	502,880	16,000	100	(123,184)	386,510	386,510
Glorytek (BVI) Co., Ltd.	GLORYTEK SCIENCE INDIA PRIVATE LIMITED	India	Trading and manufacture	105,789	105,789	21,773	99.27	75,529	(289)	(287)
Glorytek Science India Private Limited	TEGNA ELECTRONICS PRIVATE LIMITED	India	Trading and manufacture	10,488	10,488	3,001	10	12,415	1,774	177

(Except as otherwise indicated)

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net income (loss) of the investor for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares (in thousand shares)	Ownership (%)	Book value
Power Quotient International Co., Ltd.	Power Quotient International (H.K.) Co., Ltd.	Hong Kong	Sales of electronic telecommunication components	$ 428,432	$ 428,432	106,100	100	$ 751,847	$ 11,157	$ 11,157
Power Quotient International Co., Ltd.	PQI Japan Co., Ltd.	Japan	Sales of electronic telecommunication components	2,008	2,008	24	100	2,154	-	-
Power Quotient International Co., Ltd.	Syscom Development Co., Ltd.	British Virgin IS.	Specialized investments holding	341,423	341,423	10,863	100	78,309	(347)	(347)
Power Quotient International Co., Ltd.	Apix Limited	British Virgin IS.	Specialized investments holding	3,252,037	3,252,037	13	100	910,342	53,879	53,879
Power Quotient International Co., Ltd.	Shinfo Energy Co., Ltd.	Taiwan	Energy service management	3,646,600	3,646,600	102,951	37.49	525,852	(15,941,683)	(5,976,537)
Shinfo Energy Co., Ltd.	Foxwell Energy Corporation Ltd.	Taiwan	Energy service management	11,533,000	8,233,000	1,374,500	100	7,615,076	(6,353,620)	(6,351,623)
Shinfo Energy Co., Ltd.	Shinfo Natural Gas Co., Ltd.	Taiwan	Energy service management	360,000	360,000	36,000	80	258,191	(23,208)	(18,566)
Shinfo Energy Co., Ltd.	Foxwell Power Co., Ltd.	Taiwan	Energy service management	546,585	656,590	36,439	49.36	1,281,462	450,199	79,752
Shinfo Energy Co., Ltd.	Jiawei Power Co., Ltd.	Taiwan	Natural gas power generation business	200,000	1,100,000	20,000	100	50,138	(130,097)	(130,097)
Shinfo Energy Co., Ltd.	Yaanshan Forest Natural Resources Co., Ltd.	Taiwan	Afforestation	100,000	100,000	10,000	100	66,464	(18,590)	(18,590)
Shinfo Energy Co., Ltd.	Elegant Energy Tech Co., Ltd.	Taiwan	Energy technical services	200,000	200,000	500	100	219	(2,217)	(53,689)
Shinfo Energy Co., Ltd.	Changpin Wind Power Ltd.	Taiwan	Electric Power Generation	370,000	270,000	37,000	50	281,893	4,536	2,268
Shinfo Energy Co., Ltd.	Guanwei Power Co., Ltd	Taiwan	Electric Power Generation	35,700	35,700	3,570	51	34,965	(516)	(263)
Shinfo Energy Co., Ltd.	Shinfo Far East Company Pte Ltd	Singapore	Marine engineering business	1,684,648	1,684,648	53,600	67	(7,868,684)	(11,776,527)	(9,160,037)
Shinfo Energy Co., Ltd.	Jun Wei Technology Co., Ltd	Taiwan	Electric Power Generation	22,000	22,000	2,200	100	18,106	(263)	(263)
Shinfo Energy Co., Ltd.	Eastern Rainbow Green Energy Environmental Technology Co., Ltd.	Taiwan	Energy technical services	218,020	218,020	19,820	56.63	134,019	(33,477)	(18,958)
Shinfo Energy Co., Ltd.	Ubilink Al Co., Ltd.	Taiwan	Computer software services	26,400	10,000	2,640	13.20	(22,536)	(359,765)	(41,959)
Shinfo Energy Co., Ltd.	Youde Wind Power Co., Ltd.,	Taiwan	Electric Power Generation	491,000	491,000	49,100	70.04	474,200	(23,753)	(16,637)
Shinfo Energy Co., Ltd.	FOX NAM ENERGY CO., LTD.	Vietnam	Electric Power Generation	110,005	110,005	-	100	106,991	1,079	1,079

(Except as otherwise indicated)

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net income (loss) of the investor for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares (in thousand shares)	Ownership (%)	Book value
Shinfox Energy Co., Ltd.	DAKPSI INVESTMENT AND DEVELOP HYDROELECTIC JOINT STOCK COMPANY	Vietnam	Electric Power Generation	$ 631,127	$ 631,127	14,645	35	$ 675,446	$ 111,259	$ 38,975
Shinfox Energy Co., Ltd.	Synergy Co., Ltd.	Taiwan	Energy service management	800,010	-	80,001	50	621,657	9,172	1,511
Foxwell Energy Corporation Ltd.	Xinwei Power Co., Ltd.	Taiwan	Electric Power Generation	-	37,300	-	-	-	4,682	9,870
Foxwell Energy Corporation Ltd.	Youde Wind Power Co., Ltd.,	Taiwan	Electric Power Generation	210,000	210,000	21,000	29.96	202,815	(23,753)	(7,116)
Foxwell Power Co., Ltd.	Foxwell Certification Co., Ltd.	Taiwan	Energy technical services	28,650	28,650	2,865	95.50	13,190	(1,100)	(1,051)
Foxwell Power Co., Ltd.	Cheng Shin Digital Co., Ltd.	Taiwan	Energy technical services	48,436	48,436	4,844	49	35,224	840	1,265
Foxwell Power Co., Ltd.	Billion Sun Energy Storage Technologies Inc.	Taiwan	Energy technical services	369,215	-	39,240	30	129,550	24	(255,862)
Foxwell Power Co., Ltd.	Huijie Energy Co., Ltd.	Taiwan	Energy technical services	500	-	50	100	499	-	-
Foxwell Power Co., Ltd.	Smart Power System Ltd.	Taiwan	Energy technical services	696,171	-	8,160	51	609,645	35,439	4,697
Smart Power System Ltd.	Hongju Energy Co., Ltd.	Taiwan	Energy storage site development industry	3,900	3,900	679	30	7,199	(417)	(746)
Smart Power System Ltd.	Shinfox Far East (Taiwan) Co., Ltd.	Taiwan	Overseas energy storage market development	12,500	12,500	1,250	40	4,052	(13,838)	(6,778)
Smart Power System Ltd.	Billion Power System Technologies INC.	Taiwan	Electrical equipment inspection and maintenance industry	-	4,900	-	-	-	4,289	2,102
Smart Power System Ltd.	Zhixin Energy Co., Ltd.	Taiwan	Energy storage equipment services and operation services	6,010	1,000	601	100	8,298	2,200	2,200
Smart Power System Ltd.	SMART POWER SYSTEM AUSTRALIA PTY LTD	Australia	Energy technical services	13,390	-	700	100	14,271	(417)	(417)
Eastern Rainbow Green Energy Environmental Technology Co., Ltd.	Eastern Rainbow Environmental Resources Co., Ltd. (Eastern Rainbow Environmental)	Taiwan	Energy technical services	2,500	2,500	250	100	781	(29)	(29)
Synergy Co., Ltd.	Xinwei Power Co., Ltd.	Taiwan	Electric Power Generation	44,151	-	3,730	100	43,751	4,682	(400)
Synergy Co., Ltd.	Billion Sun Energy Storage Technologies Inc.	Taiwan	Energy technical services	523,200	-	64,000	40	513,936	24	3
SHINFOX FAR EAST COMPANY PTE LTD	SFE HERCULES COMPANY CORPORATION	Panama	Marine engineering services	5,281,500	5,281,500	-	100	5,321,896	289,512	289,512
SHINFOX FAR EAST COMPANY PTE LTD	Shinfox Far East (Taiwan) Co., Ltd.	Taiwan	Marine engineering services	30,000	30,000	3,000	100	24,458	(53,003)	(53,003)

(Except as otherwise indicated)

Investor	Investor	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net income (loss) of the investor for the year ended December 31, 2025	Investment income (loss) recognised by the Company for the year ended December 31, 2025	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares (in thousand shares)	Ownership (%)	Book value
SHINFOX FAR EAST COMPANY PTE LTD	SFE DEVELOPER COMPANY CORPORATION	Panama	Marine engineering services	$ 1,677,444	$ 3	-	100	$ 1,355,248	($ 319,629)	($ 319,629)
SYSCOM DEVELOPMENT CO.,LTD	FOXLINK POWERBANK INTERNATIONAL TECHNOLOGY PRIVATE LIMITED	India	Sales of electronic telecommunication components	105,698	105,698	21,790	99.27	75,537	( 357)	( 354)
APIX LIMITED	Sinocity Industries Limited	Hong Kong	Sales of electronic products	2,725,650	2,725,650	6,000	100	658,771	41,875	41,875
APIX LIMITED	PERENNIAL ACE LIMITED	British Virgin IS.	Specialized investments holding	669,459	669,459	-	100	251,419	12,003	12,003
Sinocity Industries Limited	DG Lifestyle Store Limited	Macao	Sales of electronic products	-	392	-	-	-	146	-	Note 2
PERENNIAL ACE LIMITED	Studio A Technology Limited	Hong Kong	Sales of electronic products	4,998	4,998	1,225	24.50	111,623	48,992	12,003
FOXLINK POWERBANK INTERNATIONAL TECHNOLOGY	TEGNA ELECTRONICS PRIVATE LIMITED	India	Trading and manufacture	10,490	10,490	3,001	10	12,415	1,774	177

Note 1: In November 2025 DU Precision Industry Co., Ltd. completed a capital reduction to offset accumulated deficits and return cash to shareholders amounting to $590,000.
Note 2: The liquidation of DG Lifestyle Store Limited was completed in the fourth quarter of 2025.

Cheng Uzi Precision Industry Co., Ltd. and subsidiaries

Information on investments in Mainland China

Year ended December 31, 2025

Table 8
Expressed in thousands of NTD
(Except as otherwise indicated)

Investor in Mainland China	Main business activities	Paid-in capital	Investment method	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2025	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2025		Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2025	Net income (loss) of investee as of December 31, 2025	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2025	Book value of investments in Mainland China as of December 31, 2025	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2025
					Remitted to Mainland China	Remitted back to Taiwan
Fugang Electronic (Dongguan) Co., Ltd.	Manufacture and sales of electronic telecommunication components	$ 1,838,188	Investment through an existing company in the third area	$ 1,838,188	$ -	$ -	$ 1,838,188	($ 876,198)	100	($ 876,198)	$ 8,023,239	$ -
Culink Tianjin Co., Ltd.	Manufacture and sales of electronic telecommunication components	125,720	Investment through an existing company in the third area	31,430	-	-	31,430	345	100	345	177,076	-
Fugang Electric (Kanshan) Co., Ltd.	Manufacture and sales of electronic telecommunication components	3,818,745	Investment through an existing company in the third area	3,818,745	-	-	3,818,745	( 383,260)	100	( 383,260)	2,403,484	-
Deng Guan Fu Shi Chang Co., Ltd.	Manufacture and sales of electronic telecommunication components	3,780	Investment through an existing company in the third area	3,780	-	-	3,780	-	100	-	2,508	-
Dongguan Fuqiang Electronics Co., Ltd.	Manufacture and sales of electronic telecommunication components	4,677,098	Investment through an existing company in the third area and the investee company in Mainland China	3,628,688	-	-	3,628,688	141,760	100	141,760	11,087,200	-
Foxlink Automotive Technology (Kanshan) Co., Ltd.	Manufacture and sales of electronic telecommunication components	202,400	Investment through an existing company in the third area and the investee company in Mainland China	94,290	-	-	94,290	( 60,814)	100	( 60,814)	237,836	-
Foxlink Energy (Tianjin) Ltd.	Manufacture and sales of electronic telecommunication components	125,720	Investment through an existing company in the third area	125,720	-	-	125,720	( 87)	100	( 87)	133,269	-
Fushineng Electronics (Kanshan) Co., Ltd.	Manufacture and sales of electronic telecommunication components	377,160	Investment through an existing company in the third area	377,160	-	-	377,160	( 220,183)	100	( 220,183)	1,596,642	-
Fu Shi Xiang Research & Development Center (Kanshan) Co., Ltd.	Manufacture and sales of electronic telecommunication components	141,435	Investment through an existing company in the third area	141,435	-	-	141,435	( 2,873)	100	( 2,873)	61,932	-
Fu Gang Electronic (Nan Chung) Co., Ltd.	Manufacture and sales of electronic telecommunication components	1,571,500	Investment through an existing company in the third area and the investee company in Mainland China	1,571,500	-	-	1,571,500	( 1,294,664)	100	( 1,294,664)	23,762	-
Fugang Electric (Yancheng) Co., Ltd.	Manufacture and sales of electronic telecommunication components	-	Investment through an existing company in the third area	-	-	-	-	-	-	-	-	Note 1
Fugang Electric (Yancheng) Co., Ltd.	Manufacture and sales of electronic telecommunication components	314,300	Investment through an existing company in the third area	314,300	-	-	314,300	73,797	-	73,797	-	Note 2
Foxlink Tianjin Co., Ltd.	Manufacture and sales of electronic telecommunication components	565,740	Investment through an existing company in the third area	163,436	-	-	163,436	523,892	100	523,892	431,728	1,026,857
Kanshan Fugang Investment Co., Ltd.	Reinvestment business	942,900	Investment through the investee company in Mainland China	942,900	-	-	942,900	192,551	100	192,551	1,992,274	-
Fugang Electric (Maanshan) Co., Ltd.	Manufacture and sales of electronic telecommunication components	956,446	Investment through an existing company in the third area	314,300	-	-	314,300	1,027,714	100	1,027,714	( 147,440)	-

Table 8 Page 1

Investor in Mainland China	Main business activities	Paid-in capital	Investment method	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2025	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2025		Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2025	Net income (loss) of investee as of December 31, 2025	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2025	Book value of investments in Mainland China as of December 31, 2025	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2025	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Kunshan Fugang Electric Trading Co., Ltd.	Sales of electronic telecommunication components	$ 530,254	Investment through the investee company in Mainland China	$ 174,594	$ 12,601	$ -	$ 187,195	$ 6,743	100	$ 6,743	$ 490,791	$ -
Kunshan Fu Shi You Trading Co., Ltd.	Sales of electronic telecommunication components	62,602	Investment through the investee company in Mainland China	-	-	-	-	(877)	51	(447)	6,060	-
Shanghai Fugang Electric Trading Co., Ltd.	Sales of electronic telecommunication components	8,943	Investment through the investee company in Mainland China	-	-	-	-	(11,662)	51	(5,505)	(39,727)	-
Shanghai Standard Information Technology Co., Ltd.	Sales of electronic telecommunication components	22,358	Investment through the investee company in Mainland China	-	-	-	-	(2,446)	51	(1,247)	3,543	-
Changzhou Fugang Digital Technology Co., Ltd	Sales of electronic telecommunication components	-	Investment through the investee company in Mainland China	-	-	-	-	1,617	51	825	845	-	Note 3
Hefei Jingzhi Digital Technology Co., Ltd	Sales of electronic telecommunication components	-	Investment through the investee company in Mainland China	-	-	-	-	4,998	51	2,549	2,611	-	Note 3
Yangzhou Biaogan Digital Technology Co., Ltd	Sales of electronic telecommunication components	-	Investment through the investee company in Mainland China	-	-	-	-	2,325	51	1,186	1,215	-	Note 3
Sharotronic Data Technology Co., Ltd.	Manufacture and sales of electronic telecommunication components	1,535,355	Investment through an existing company in the third area and the investee company in Mainland China	377,160	-	-	377,160	5,006,355	16.79	800,122	3,261,222	-
Fuqiang Electric (Maanshan) Co., Ltd.	Manufacture and sales of electronic telecommunication components	157,150	Investment through the investee company in Mainland China	-	-	-	-	(27)	100	(27)	142,945	-
Fugang Electric (Xuzhou) Co., Ltd.	Manufacture and sales of electronic telecommunication components	1,948,660	Investment through an existing company in the third area	1,948,660	-	-	1,948,660	32,935	100	32,935	4,405,885	-
Dongguan Banrin Robot Technology Co., Ltd.	Manufacture and sales of automated equipment	134,148	Investment through the investee company in Mainland China	-	-	-	-	(9,493)	31.03	(12,462)	98,018	-
Tetubitcom Technology Co., Ltd.	Research, manufacture and sales of communication equipment and accessories	223,580	Investment through the investee company in Mainland China	-	-	-	-	(56,210)	15.38	(17,437)	205,717	-
Suzhou Keyu Rui Automobile Technology Co., Ltd.	Trading and manufacture	11,179	Investment through the investee company in Mainland China	-	-	-	-	(123)	-	(69)	-	-	Note 4
Changzhou Xinwei Vehicle Energy Venture Capital Co., Ltd.	General investments holding	447,160	Investment through an existing company in the third area	-	-	-	-	(9,421)	50	(4,711)	386,524	-	-
Hangzhou Huanta Power Technology Development Services Co., Ltd.	Manufacture and sales of electronic telecommunication components	134,148	Investment through the investee company in Mainland China	-	-	-	-	(3,149)	43.71	(1,376)	118,966	-
Dong Guan HanYang Computer Co., Ltd.	Manufacture of image scanners and multifunction printers and investment of real estate	192,201	Investment through an existing company in the third area	192,201	-	-	192,201	28,485	100	28,485	404,242	-
Dong Guan Fu Zhang Precision Industry Co., Ltd.	Mold development and plastic components business	254,968	Investment through an existing company in the third area	187,495	-	-	187,495	19,948	100	19,948	154,315	-

Table 8 Page 2

Investor in Mainland China	Main business activities	Paid-in capital	Investment method	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2025	Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2025		Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2025	Net income (loss) of investee as of December 31, 2025	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2025	Book value of investments in Mainland China as of December 31, 2025	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2025	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Wei Hui Fu Kang Electric Co., Ltd.	Manufacture and sales of parts and moulds of photocopiers and scanners	$ 785,750	Investment through an existing company in the third area	$ 377,160	$ -	$ -	$ 377,160	$ 154,960	100	$ 154,960	$ 1,047,557	$ -
Dongguan Fu Wei Electronics Co., Ltd.	Manufacture of image scanners, multifunction printers, and related accessories	188,580	Investment through an existing company in the third area	166,841	-	-	166,841	26,041	100	26,041	675,434	-
Glorytek (Suzhou) Co., Ltd.	Trading and manufacture	440,020	Investment through an existing company in the third area	429,027	-	-	429,027	126,914	100	126,914	392,925	-
Glorytek (Yancheng) Co., Ltd.	Trading and manufacture	282,870	Investment through an existing company in the third area	282,870	-	-	282,870	437,128	100	437,128	(358,916)	-
Yancheng Yaowei Technology Co., Ltd.	Trading and manufacture	44,716	Investment through the investee company in Mainland China	-	-	-	-	31	100	31	86,708	-
Glory Optics (Yancheng) Co., Ltd.	Trading and manufacture	1,181,464	Investment through an existing company in the third area and the investee company in Mainland China	559,454	-	-	559,454	232,085	100	232,085	582,653	-
Power Quotient Technology (Yancheng) Co., Ltd.	Manufacture and sales of electronic telecommunication components	628,600	Investment through an existing company in the third area	Note 4	-	-	-	11,240	100	11,240	751,628	-
PQI (Xuzhou) New Energy Co., Ltd.	Manufacture and sales of electronic telecommunication components	-	Investment through an existing company in the third area	Note 5	-	-	-	16	-	16	-	-	Note 7
Kunshun Jiawei Info Tech Co., Ltd.	Supply chain finance energy service management	31,431	Direct investment	1,572	1,572	-	3,144	613	100	613	36,541	-
Kunfihan Eastern Rainbow Environmental Equipment Co., Ltd.	Energy technical services	22,358	Direct investment	22,358	-	-	22,358	(6,574)	100	(6,574)	16,220	-
Chengdu Xinfuwei Energy Co., Ltd.	Electric Power Generation	125,720	Direct investment	125,720	-	-	125,720	(1,012)	100	(1,012)	125,969	-

Note 1: Fugang Electric (Yancheng) Co., Ltd. was liquidated in the first quarter of 2025.
Note 2: Fuqiang Electric (Yancheng) Co., Ltd. was liquidated in the fourth quarter of 2025.
Note 3: Changzhou Fugang Digital Technology Co., Ltd, Hefei Jingzhi Digital Technology Co., Ltd and Yangzhou Biaogan Digital Technology Co., Ltd has completed the registration in the first quarter of 2025. However, there was no capital injection as of December 31, 2025.
Note 4: Suzhou Keyu Rui Automobile Technology Co., Ltd. was liquidated in the second quarter of 2025.
Note 5: The financing amount remitted to PQI's indirect investment of PQI (Xuzhou) New Energy Co., Ltd. were through Power Quotient Technology (Yancheng) Co., Ltd.
Note 6: The financing amount remitted to PQI's indirect investment of Power Quotient Technology (Yancheng) Co., Ltd. was through an existing company in the third area.
Note 7: The liquidation of PQI (Xuzhou) New Energy Co., Ltd. was completed in the third quarter of 2025.

Company name	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2025	Investment amount approved by the Investment Commission of the Ministry of Economic Affairs (MOEA)	Ceiling on investments in Mainland China imposed by the Investment Commission of MOEA
Cheng Uei Precision Industry Co., Ltd.	$ 15,744,052	$ 17,077,991	The Company's investment in Mainland China is not subject to an upper limit as the Company obtained the certificate of scope of operations issued by Industrial Development Bureau, MOEA in accordance with the Regulations Governing the Examination of Investment or Technical Cooperation in Mainland China amended on August 29, 2008.
Foxlink Image Technology Co., Ltd.	1,071,191	1,552,399	1,784,008
Glory Science Co., Ltd.	1,271,351	1,271,351	280,456
Power Quotient International Co., Ltd.	-	685,017	31,848
Shinfox Energy Co., Ltd.	128,864	128,864	841,587
Eastern Rainbow Green Energy Environmental Technology Co., Ltd.	22,358	22,358	131,911

Note 1: The investment was approved by the Investment Commission of MOEA.
Note 2: Investment income (loss) recognised by the Company for the year ended December 31, 2025 was audited by independent auditors.
Note 3: The Company's investment in Mainland China is not subject to an upper limit as the Company obtained the scope of operations certificate of being qualified for operating headquarters issued by Industrial Development Bureau, MOEA in accordance with the Regulations Governing the Examination of Investment or Technical Cooperation in Mainland China amended on August 29, 2008.
Note 4: The investments through the investee company in Mainland China of the Company including: Dongguan Fuqiang Electronics Co., Ltd., Fugang Electric (Maanshan) Co., Ltd., Fu Gang Electronic (Nan Chang) Co., Ltd., Foxlink Automotive Technology (Kunshan) Co., Ltd., Kunshan Fugang Electric Trading Co., Ltd., Kunshan Fu Shi You Trading Co., Ltd., Shanghai Fugang Electric Trading Co., Ltd., Fuqiang Electric (Maanshan) Co., Ltd., Dongguan Banrin Robot Technology Co., Ltd. and Terabitcom Technology Co., Ltd. Except for the investment via the holding companies in Mainland China, other investments shall not be approved by Investment Commission of MOEA.

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FOXLINK — Audit Report / Information 2025

52051_rns_2026-05-28_19378bc0-f088-4bef-9767-f85439827973.pdf

CHENG UEI PRECISION INDUSTRY CO., LTD.

DECEMBER 31, 2025 AND 2024 PARENT COMPANY ONLY FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT TABLE OF CONTENTS

KEY SOURCES OF ASSUMPTION UNCERTAINTY

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

Opinion

Basis for opinion

Key audit matters

Valuation of goodwill impairment for the investments accounted for under the equity method / subsidiaries

Description

How our audit addressed the matter

Recognition of construction revenue-assessment on the stage of completion for the investments accounted for under the equity method

Description

How our audit addressed the matter

Assessment of allowance for inventory valuation losses of the Company and investments accounted for under the equity method

Description

How our audit addressed the matter

Other matter - Reference to the reports of other auditors

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

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

CHENG UEI PRECISION INDUSTRY CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2023 AND 2024

CHENG UEI PRECISION INDUSTRY CO., LTD.

NOTES TO THE PARENT COMPANY ONLY FINANCIAL STATEMENTS

YEARS ENDED DECEMBER 31, 2025 AND 2024

1. HISTORY AND ORGANIZATION

2. THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE PARENT COMPANY ONLY FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORIZATION

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

6. DETAILS OF SIGNIFICANT ACCOUNTS

(18) Retained earnings/Subsequent events

7. RELATED PARTY TRANSACTIONS

H. Lease transactions - lessee

I. Lease transactions - lessor

J. Property transactions

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS

(1) Contingencies

(2) Commitments

10. SIGNIFICANT DISASTER LOSS

11. SIGNIFICANT SUBSEQUENT EVENTS

12. OTHERS

(1) Capital management

(2) Financial instruments

Cash flow and fair value interest rate risk

(b) Credit risk

13. SUPPLEMENTARY DISCLOSURES

14. SEGMENT INFORMATION

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF CASH AND CASH EQUIVALENTS

DECEMBER 31, 2025

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF ACCOUNTS RECEIVABLE

DECEMBER 31, 2025

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF INVENTORIES

DECEMBER 31, 2025

CHENG UEI PRECISION INDUSTRY CO., LTD.

CHENG UEI PRECISION INDUSTRY CO., LTD.

MOVEMENT SUMMARY OF PROPERTY, PLANT AND EQUIPMENT AND INVESTMENT PROPERTY

YEAR ENDED DECEMBER 31, 2025

CHENG UEI PRECISION INDUSTRY CO., LTD.

MOVEMENT SUMMARY OF ACCUMULATED DEPRECIATION AND IMPAIRMENT OF PROPERTY, PLANT AND EQUIPMENT AND

INVESTMENT PROPERTY

YEAR ENDED DECEMBER 31, 2025

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF ACCOUNTS PAYABLE

DECEMBER 31, 2025

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF LONG-TERM BORROWINGS (Cont.)

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF OPERATING REVENUE

YEAR ENDED DECEMBER 31, 2025

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF OPERATING COSTS

YEAR ENDED DECEMBER 31, 2025

CHENG UEI PRECISION INDUSTRY CO., LTD.

STATEMENT OF MANUFACTURING EXPENSES

FOXLINK Audit Report / Information 2025