Stock Code: 4952

Generalplus Technology Inc. And Subsidiaries

Consolidated Financial Statements For the Years Ended September 30, 2025 and 2024 And Independent Auditors’ Review Report

Address: No. 19, Industry E. Rd. IV, Hsinchu Science Park, Hsinchu City
Tel: 886-3-6662118

§CONTENTS§

ITEM		PAGE	NOTE NO.
1.	COVER	1	-
2.	TABLE OF CONTENTS	2	-
3.	INDEPENDENT REVIEW REPORT	3-4	-
4.	CONSOLIDATED BALANCE SHEETS	5	-
5.	CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME	6-7	-
6.	CONSOLIDATED STATEMENT OF CHANGES IN EQUITY	8	-
7.	CONSOLIDATED STATEMENT OF CASH FLOWS	9-10	-
8.	CONSOLIDATED FINANCIAL STATEMENT NOTES
(1)	COMPANY HISTORY	11	1
(2)	THE DATE WHEN THE FINANCIAL REPORTS WERE AUTHORIZED FOR ISSUANCE AND THE PROCESS INVOLVED	11	2
(3)	APPLICABILITY OF NEW ISSUING & REVISED STANDARDS AND INTERPRETATION	11-13	3
(4)	SUMMARY AND EXPLANATION OF MATERIAL ACCOUNTING POLICIES	13-14	4
(5)	PRIMARY SOURCES OF UNCERTAINTY IN MAJOR ACCOUNTING JUDGMENTS, ESTIMATES, AND ASSUMPTIONS	14-15	5
(6)	DESCRIPTION OF SIGNIFICANT ACCOUNTING ITEMS	15-38	6-27
(7)	TRANSACTION WITH RELATED PARTIES	38-40	28
(8)	PLEDGED ASSETS	40	29
(9)	SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED CONTRACTUAL COMMITMENTS	40	30
(10)	SIGNIFICANT DISASTER LOSSES	-	-
(11)	SIGNIFICANT SUBSEQUENT EVENTS	-	-
(12)	INFORMATION ON FOREIGN CURRENCY ASSETS AND LIABILITIES WITH SIGNIFICANT IMPACT	40-42	31
(13)	NOTE DISCLOSURE
	1. INFORMATION ON MATERIAL TRANSACTIONS	42; 43-44	32
	2. INFORMATION ABOUT THE INVESTMENT BUSINESS	42; 45	32
	3. INFORMATION OF INVESTMENT FROM MAINLAND CHINA	42; 46-47	32
(14)	DEPARTMENTAL INFORMATION	42	33

Independent Auditor’s Report

The Board of Directors and Shareholders
Generalplus Technology Inc.

Introduction

We have reviewed the accompanying consolidated balance sheets of Generalplus Technology Inc. and its subsidiaries as of September 30, 2025 and 2024, the related consolidated statements of comprehensive income for the three months ended September 30, 2025 and 2024 and for the Nine months ended September 30, 2025 and 2024, the consolidated statements of changes in equity and cash flows for the Nine months then ended, and the related notes to the consolidated financial statements, including a summary of significant accounting policies (collectively referred to as the “consolidated financial statements”). Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

Scope of Review

Except as explained in the following paragraph, we conducted our reviews in accordance with the Standards on Review Engagements of the Republic of China 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Basis for Qualified Conclusion

As disclosed in Note 12 to the consolidated financial statements, the financial statements of some non-significant subsidiaries included in the consolidated financial statements referred to in the first paragraph were not reviewed. As of September 30, 2025 and 2024, the combined total assets of these non-significant subsidiaries were NT$14,998 thousand and NT$14,048 thousand, respectively, representing 0.54% and 0.45%, respectively, of the consolidated total assets, and the combined total liabilities were NT$3,283 thousand and

NT$1,897 thousand, respectively, representing 0.46% and 0.22%, respectively, of the consolidated total liabilities. For the three months ended September 30, 2025 and 2024, the amounts of combined comprehensive income were NT$540 thousand and NT$495 thousand, respectively, representing 1.70% and 0.70%, respectively, of the consolidated total comprehensive income. For the Nine months ended September 30, 2025 and 2024, the amounts of combined comprehensive income were NT$127 thousand and NT$2,229 thousand, respectively, representing 0.15% and 0.84%, respectively, of the consolidated total comprehensive income.

Qualified Conclusion

Based on our reviews, except for adjustments, if any, as might have been determined to be necessary had the financial statements of the non-significant subsidiaries as described in the preceding paragraph been reviewed, nothing has come to our attention that caused us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of Generalplus Technology Inc. and its subsidiaries as of September 30, 2025 and 2024, its consolidated financial performance for the three months ended September 30, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the Nine months ended September 30, 2025 and 2024 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

The engagement partners on the audits resulting in this independent auditors’ report are Tung Hui Yeh and Ya Yun Chang

Deloitte & Touche
Taipei, Taiwan
Republic of China
November 5, 2025

Notice to Readers

The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance, and cash flows in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and with the International Financial Reporting Standards, International Accounting Standards, interpretations as well as related guidance endorsed by the Financial Supervisory Commission of the Republic of China. The standards, procedures and practices to audit such consolidated financial statements are those generally accepted and applied in the Republic of China.

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

Generalplus Technology Inc. And Its Subsidiaries

CONSOLIDATED BALANCE SHEETS

(In Thousands of New Taiwan Dollars)

	September 30, 2025		December 31, 2024		September 30, 2024
ASSETS	Amount	%	Amount	%	Amount	%
CURRENT ASSETS
Cash and cash equivalents (Notes 6)	$ 1,010,886	36	$ 874,576	30	$ 1,017,941	33
Financial assets measured at FVTPL - current (Note 7)	-	-	164,288	6	130,662	4
Notes and accounts receivable (Note 10)	404,950	14	376,359	13	482,934	16
Inventories (Note 11)	524,459	19	597,628	20	595,501	19
Other current assets (Note 16)	15,321	1	21,790	1	32,905	1
Total current assets	1,955,616	70	2,034,641	70	2,259,943	73
NON-CURRENT ASSETS
Financial assets measured at amortized cost (Note 8 and 9)	50,206	2	50,258	2	-	-
Property, plant and equipment (Note 13)	424,071	15	427,927	15	439,708	14
Right-of-use assets (Note 14)	29,566	1	30,089	1	30,318	1
Intangible assets (Note 15)	34,067	1	17,411	-	20,406	-
Deferred tax assets (Note 4 and 24)	20,620	1	25,627	1	21,690	1
Other non-current assets (Note 16, 29 and 30)	287,145	10	331,965	11	331,198	11
Total non-current assets	845,675	30	883,277	30	843,320	27
TOTAL	$ 2,801,291	100	$ 2,917,918	100	$ 3,103,263	100
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans (Note 17)	$ 193,326	7	$ 75,078	2	$ 234,527	8
Accounts payable (Note 18 and 28)	163,158	6	162,802	6	192,924	6
Current income tax liabilities (Note 4 and 24)	28,378	1	50,761	2	45,637	2
Lease liabilities - current (Note 14)	1,787	-	1,501	-	1,470	-
Other current liabilities (Note 19 and 22)	178,252	6	220,025	7	225,494	7
Total current liabilities	564,901	20	510,167	17	700,052	23
NON-CURRENT LIABILITIES
Lease liabilities - non-current (Note 14)	29,887	1	30,492	1	30,684	1
Net defined benefit liability (Note 4 and 20)	13,013	1	13,013	1	17,717	-
Guarantee deposits	111,457	4	120,449	4	116,495	4
Total non-current liabilities	154,357	6	163,954	6	164,896	5
Total liabilities	719,258	26	674,121	23	864,948	28
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY (Note 21)
Share capital
Common shares	1,088,158	39	1,088,158	37	1,088,158	35
Capital surplus	141,967	5	141,967	5	141,967	5
Retained earnings
Legal reserve	596,981	21	571,814	20	571,814	18
Special reserve	35,993	1	55,438	2	55,438	2
Unappropriated retained earnings	281,887	10	422,413	14	411,707	13
Total retained earnings	914,861	32	1,049,665	36	1,038,959	33
Other equity	(62,953)	(2)	(35,993)	(1)	(30,769)	(1)
Total equity	2,082,033	74	2,243,797	77	2,238,315	72
Total liabilities and equity	$ 2,801,291	100	$ 2,917,918	100	$ 3,103,263	100

The accompanying notes are an integral part of the consolidated financial statements.

(With Deloitte & Touche review report dated November 5, 2025)

Generalplus Technology Inc. And Its Subsidiaries

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In Thousands of New Taiwan Dollars, Except Earnings Per Share)
(Reviewed, Not Audited)

	For the Three Months Ended September 30				For the Nine Months Ended September 30
	2025		2024		2025		2024
	Amount	%	Amount	%	Amount	%	Amount	%
Operating revenue (Note 22 and 28)	$ 478,769	100	$ 656,869	100	$ 1,669,971	100	$ 1,991,650	100
Operating costs (Note 11, 23 and 28)	334,480	70	412,734	63	1,091,954	65	1,235,544	62
GROSS PROFIT	144,289	30	244,135	37	578,017	35	756,106	38
OPERATING EXPENSES (Note 15, 20, 23 and 28)
Selling and marketing	17,276	4	21,191	3	59,210	4	68,344	4
General and administrative	26,648	5	30,680	5	86,056	5	98,278	5
Research and development	96,503	20	115,443	18	314,057	19	357,708	18
Total operating expenses	140,427	29	167,314	26	459,323	28	524,330	27
OTHER OPERATING INCOME AND EXPENSES, NET (Note 23)	( 1)	-	-	-	( 100)	-	-	-
Income from operations	3,861	1	76,821	11	118,594	7	231,776	11
NON-OPERATING INCOME AND EXPENSES (Note 23)
Interest income	4,745	1	4,663	1	14,536	1	13,282	1
Other income	1,750	-	813	-	7,668	1	4,025	-
Other gains and losses	2,619	1	( 1,891)	-	( 9,445)	( 1)	8,513	-
Finance costs	( 3,223)	( 1)	( 4,340)	( 1)	( 7,952)	-	( 10,868)	-
Total non-operating income and expenses	5,891	1	( 755)	-	4,807	1	14,952	1
Net profit before income tax	9,752	2	76,066	11	123,401	8	246,728	12
Income tax expense (Note 4 and 24)	1,658	-	15,213	2	13,369	1	5,764	-
NET PROFIT FOR THE PERIOD	8,094	2	60,853	9	110,032	7	240,964	12

(Continued)

Generalplus Technology Inc. And Its Subsidiaries

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

(Reviewed, Not Audited)

	For the Three Months Ended September 30				For the Nine Months Ended September 30
	2025		2024		2025		2024
	Amount	%	Amount	%	Amount	%	Amount	%
OTHER
COMPREHENSIVE INCOME (LOSS) (Note 21)
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translation of the financial statements of foreign operations	$ 23,630	5	$ 9,498	2	($ 26,960)	( 2)	$ 24,669	1
Total other comprehensive income (loss) for the period	$ 23,630	5	$ 9,498	2	( 26,960)	( 2)	$ 24,669	1
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	$ 31,724	7	$ 70,351	11	$ 83,072	5	$ 265,633	13
Net profit attributable to:
The owners of the Company	$ 8,094	2	$ 60,853	9	$ 110,032	7	$ 240,964	12
Non-controlling interests	-	-	-	-	-	-	-	-
	$ 8,094	2	$ 60,853	9	$ 110,032	7	$ 240,964	12
The total comprehensive income attributable to:
The owners of the Company	$ 31,724	7	$ 70,351	11	$ 83,072	5	$ 265,633	13
Non-controlling interests	-	-	-	-	-	-	-	-
	$ 31,724	7	$ 70,351	11	$ 83,072	5	$ 265,633	13
EARNINGS PER SHARE (Note 25)
Basic	$ 0.07		$ 0.56		$ 1.01		$ 2.21
Diluted	$ 0.07		$ 0.56		$ 1.01		$ 2.20

The accompanying notes are an integral part of the consolidated financial statements.

(With Deloitte & Touche review report dated November 5, 2025)

(Concluded)

Generalplus Technology Inc. And Its Subsidiaries
Consolidated Statements of Changes in Equity
From Jan. 1 to September 30, 2025 and from Jan. 1 to September 30, 2024
( Reviewed, not audited )
Units: In NT$1,000,
unless otherwise stated

Code		Share capital		Capital surplus (Note 19)	Retained earnings			Other equity Exchange difference on translation of the financial statements of foreign operations	Total equity
		Number of shares (1,000 shares)	Amount		Legal reserve	Special reserve	Unappropriated retained earnings
A1	Balance as of Jan. 1, 2024	108,816	$ 1,088,158	$ 141,967	$ 555,006	$ 45,462	$ 338,987	($ 55,438)	$ 2,114,142
	Appropriation and distribution of earnings, 2023
B1	Legal reserve	-	-	-	16,808	-	( 16,808 )	-	-
B3	Special reserve	-	-	-	-	9,976	( 9,976 )	-	-
B5	Cash dividends for the shareholders of the Company	-	-	-	-	-	( 141,460 )	-	( 141,460)
D1	Net income from Jan. 1 to September 30, 2024	-	-	-	-	-	240,964	-	240,964
D3	Other comprehensive income after income tax, from Jan. 1 to September 30, 2024	-	-	-	-	-	-	24,669	24,669
D5	The total comprehensive income from Jan. 1 to September 30, 2024	-	-	-	-	-	240,964	24,669	265,633
Z1	Balance as of September 30, 2024	108,816	$ 1,088,158	$ 141,967	$ 571,814	$ 55,438	$ 411,707	($ 30,769)	$ 2,238,315
A1	Balance as of Jan. 1, 2025	108,816	$ 1,088,158	$ 141,967	$ 571,814	$ 55,438	$ 422,413	($ 35,993)	$ 2,243,797
	Appropriation and distribution of earnings, 2024
B1	Legal reserve	-	-	-	25,167	-	( 25,167 )	-	-
B5	Cash dividends for the shareholders of the Company	-	-	-	-	-	( 244,836 )	-	( 244,836)
B17	Return Special reserve	-	-	-	-	( 19,445)	19,445	-	-
D1	Net income from Jan. 1 to September 30, 2025	-	-	-	-	-	110,032	-	110,032
D3	Other comprehensive income after income tax from Jan. 1 to September 30, 2025	-	-	-	-	-	-	( 26,960 )	( 26,960 )
D5	The total comprehensive income from Jan. 1 to September 30, 2025	-	-	-	-	-	110,032	( 26,960)	83,072
Z1	Balance as of September 30, 2025	108,816	$ 1,088,158	$ 141,967	$ 596,981	$ 35,993	$ 281,887	($ 62,953)	$ 2,082,033

The accompanying notes are an integral part of the consolidated financial statements.
(With Deloitte & Touche review report dated November 5, 2025)

Generalplus Technology Inc. And Its Subsidiaries
Consolidated Statement of Cash Flows
From Jan. 1 to September 30, 2025 and from Jan. 1 to September 30, 2024
Unit: NT$ thousands

Code	Cash flow from operating activities	From Jan. 1 to September 30, 2025	From Jan. 1 to September 30, 2024
A10000	Net profit before income tax	$ 123,401	$ 246,728
A20010	Adjustments to reconcile profit (loss)
A20100	Depreciation expense	36,555	43,940
A20200	Amortization expense	24,565	17,604
A20400	Net gain on fair value changes of financial assets at FVTPL	( 1,141 )	( 1,038 )
A20900	Financial costs	7,952	10,868
A21200	Interest income	( 14,536 )	( 13,282 )
A22500	Loss on the disposal of property, plant and equipment	100	-
A23800	Reversal of inventory write-downs and obsolescence	( 20,000 )	-
A24100	Net loss(gain) on foreign currency exchange	( 7,025 )	12,048
A30000	Net changes in operating assets and liabilities
A31150	Increase in notes receivable and accounts receivable	( 19,930 )	( 144,128 )
A31200	Decrease in inventories	93,169	18,770
A31240	Decrease (increase) in other current assets	7,146	( 14,036 )
A32150	Increase (decrease) in accounts payable	( 383 )	19,608
A32190	Decrease in other payables—related parties	-	( 10 )
A32230	Increase (decrease) in other current liabilities	( 39,716 )	7,732
A33000	Cash from operating activities	190,157	204,804
A33100	Interest received	17,804	13,434
A33300	Interest paid	( 9,418 )	( 11,071 )
A33500	Income taxes paid	( 34,638 )	( 41,653 )
AAAA	Net cash inflow from operating activities	163,905	165,514
	Cash flow from investing activities
B00100	Purchase of financial assets at FVTPL	( 65,000 )	( 208,000 )
B00200	Sale of financial assets at FVTPL	230,429	142,000
B02700	Purchase of property, plant and equipment	( 26,082 )	( 27,267 )
B03700	Increase in refundable deposits	( 500 )	-

(Continued on the next page)

(Continued from the previous page)

Code		From Jan. 1 to September 31, 2025	From Jan. 1 to September 31, 2024
B03800	Decrease in refundable deposits	17,979	24,002
B04500	Acquisition of intangible assets	( 49,567 )	( 26,721 )
B06500	Increase in other financial assets	( 83,673 )	( 58,556 )
B06600	Decrease in other financial assets	83,673	54,052
B06700	Increase in other non-current assets	( 1,156 )	-
B06800	Decrease in other non-current assets	-	1,631
BBBB	Net cash inflow (outflow) from investing activities	106,103	( 98,859 )
	Cash flow from financing activities
C00100	Increase in short-term loans	687,854	912,802
C00200	Decrease in short-term loans	( 573,458 )	( 702,822 )
C03000	Proceeds from guarantee deposits received	1,233	-
C03100	Return of guarantee deposits received	( 1,720 )	( 9,077 )
C04020	Repayment of lease liabilities	( 1,860 )	( 1,911 )
C04500	Issuance of cash dividends	( 244,836 )	( 141,460 )
CCCC	Net cash inflow (outflow) from financing activities	( 132,787 )	57,532
DDDD	Effect of the changes in exchange rate on cash and cash equivalents	( 911 )	( 432 )
EEEE	Net increase in cash and cash equivalents	136,310	123,755
E00100	Beginning balance of cash and cash equivalents	874,576	894,186
E00200	Ending balance of cash and cash equivalents	$ 1,010,886	$ 1,017,941

The accompanying notes are an integral part of the consolidated financial statements.

(With Deloitte & Touche review report dated November 5, 2025)

Generalplus Technology Inc. And Its Subsidiaries
Consolidated Financial Statement Notes
From Jan. 1 to September 30, 2025 and from Jan. 1 to September 30, 2024
(Unless otherwise specified, the basic unit for any amount shall be NT$ thousands.)

COMPANY HISTORY

Generalplus Technology Inc. (hereinafter referred to as “Generalplus Inc.”) was established on March 30, 2004 and was approved by the Ministry of Economic Affairs. Generalplus Inc. moved to the Hsinchu Science Park in October 2007, and its main business includes research, development, design, manufacturing, and sales of high-end integrated circuit products. Generalplus Inc.’s stock was listed on the Taiwan Stock Exchange on November 1, 2011.

The consolidated financial statements are expressed in the Generalplus Inc.’s functional currency, New Taiwan Dollar.

As of the end of September 2025, the investment relationships and shareholding ratios between Generalplus Inc. and its subsidiaries included in the consolidated financial statements are as follows:

Generalplus Inc. and its subsidiaries included in the consolidated financial statements are collectively referred to as “the Company” below.

THE DATE WHEN THE FINANCIAL REPORTS WERE AUTHORIZED FOR ISSUANCE AND THE PROCESS INVOLVED

The consolidated financial statements were approved by the board of directors on November 5, 2025.

APPLICABILITY OF NEWLY ISSUED & REVISED STANDARDS AND INTERPRETATION

(1) First-time application of International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), Interpretations (IFRIC) and Standing Interpretations Committee

11 -

(SIC) as recognized and issued by the Financial Supervisory Commission (FSC) and effective for the current fiscal year.

Amendments to IAS 21 “Lack of Exchangeability”

The application of the Amendments to IAS 21 “Lack of Exchangeability” will not result in any significant change in the accounting policies of the Company.

(2) IFRSs recognized by the FSC applicable in 2026

New/amended/revised standards and interpretations	Effective date published by IASB (Note 1)
Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments”	Jan. 1,2026
Amendments to IFRS 9 and IFRS 7 “Contracts Referencing Nature-dependent Electricity”	Jan. 1,2026
Annual Improvements to IFRS Accounting Standards-Volume 11	Jan. 1,2026
IFRS 17 “Insurance Contracts”(Including the revisions for 2020 and 2021)	Jan. 1,2023

As of the approval date of these consolidated financial statements for issuance, the Company is still assessing the impact of the amendments on its financial position and financial performance.

(3) IFRSs announced by IASB but have not been approved as effective by the FSC

New/amended/revised standards and interpretations	Effective date published by IASB (Note 1)
Amendments to IFRS 10 and IAS 28 - “Sale or Contribution of Assets between an Investor and its Associate or Joint Venture”	To be determined.
IFRS 18 “Presentation and Disclosures in Financial Statements”	Jan. 1, 2027
IFRS 19 “Subsidiaries without Public Accountability Disclosures Standard” (Including the revisions for 2025)	Jan. 1, 2027

Note 1: Unless otherwise indicated, the above newly issued/ revised/ amended guidelines or interpretations are effective for annual reporting periods beginning on or after the respective dates.

Note 2: On September 25, 2025, the Financial Supervisory Commission (FSC) announced that IFRS 18 shall be applied by domestic companies starting January 1, 2028. Early adoption is permitted upon the FSC’s endorsement of IFRS 18.

IFRS 18 “Presentation and Disclosures in Financial Statements”

IFRS 18 will supersede IAS 1” Presentation of Financial Statements”. The main changes comprise:

Items of income and expenses included in the statement of profit or loss shall be classified into the operating, investing, financing, income taxes and discounted operations categories.
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The statement of profit or loss shall present totals and subtotals for operating profit or loss, profit or loss before financing and income taxes and profit or loss.
Provides guidance to enhance the requirements of aggregation and disaggregation: The Group shall identify the assets, liabilities, equity, income, expenses and cash flows that arise from individual transactions or other events and shall classify and aggregate them into groups based on shared characteristics, so as to result in the presentation in the primary financial statements of line items that have at least one similar characteristic. The Group shall disaggregate items with dissimilar characteristics in the primary financial statements and in the notes. The Group labels items as ‘other’ only if it cannot find a more informative label.
Disclosures on Management-defined Performance Measures (MPMs): When in public communications outside financial statements and communicating to users of financial statements management’s view of an aspect of the financial performance of the Group as a whole, the Group shall disclose related information about its MPMs in a single note to the financial statements, including the description of such measures, calculations, reconciliations to the subtotal or total specified by IFRS Accounting Standards and the income tax and non-controlling interests effects of related reconciliation items.

In addition to the above effects, as of the date of issuance of the consolidated financial statements, the Company continues to assess the impact of revisions to other standards and interpretations on its financial position and financial performance, and any such impacts will be disclosed when the assessment is completed.

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(1) Statement of compliance

These consolidated financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and IAS 34 Interim Financial Reporting as endorsed and issued by the Financial Supervisory Commission (FSC). These consolidated financial statements do not include all of the information required by IFRSs for a complete set of annual financial statements.

(2) Basis of preparation

Except for financial instruments measured at fair value and the net defined benefit liability recognized by deducting the fair value of plan assets measured at fair value from the present value of defined benefit obligations, the consolidated financial report is prepared on a historical cost basis.

The fair value measurements, which are grouped into Levels 1 to 3 based on the degree to which the fair value measurement inputs are observable and based on the significance of the inputs to the fair value measurement in its entirety, are described as follows:

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Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;
Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and
Level 3 inputs are unobservable inputs for the asset or liability.

(3) Basis of consolidation

The consolidated financial statements incorporate the financial statements of the Company and the entities controlled by the Company (i.e. its subsidiaries), and the consolidated statement of comprehensive income includes the operating income or loss of the acquired or disposed subsidiaries for the period from the date of acquisition or up to the date of disposal. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the Company. All intra-group transactions, balances, income and expenses are eliminated in full upon consolidation.

See Note 12 and Tables 3 and 4 for the detailed information of subsidiaries (including the percentages of ownership and main businesses).

(4) Other material accounting policies

Except for the following, refer to the consolidated financial statements for the year ended December 31, 2024.

Retirement benefits

Pension cost for an interim period is calculated on a year-to-date basis by using the actuarially determined pension cost rate at the end of the prior financial year, adjusted for significant market fluctuations since that time and for significant plan amendments, settlements, or other significant one-off events.

Income tax expense

Income tax expense represents the sum of the tax currently payable and deferred tax. Interim period income taxes are assessed on an annual basis and calculated by applying to an interim period's pre-tax income the tax rate that would be applicable to expected total annual earnings.

PRIMARY SOURCES OF UNCERTAINTY IN MAJOR ACCOUNTING JUDGMENTS, ESTIMATES, AND ASSUMPTIONS

Except as otherwise explained below, the significant accounting judgments, estimates, and key sources of estimation uncertainty applied in these consolidated financial statements are consistent with those disclosed in the consolidated financial statements for the year ended December 31, 2024.

In developing significant accounting estimates, the Company has taken into consideration the potential impact of the U.S. countervailing tariff measures on key assumptions such as cash flow

14 -

projections, growth rates, discount rates, and profitability. Management will continue to review the estimates and underlying assumptions on an ongoing basis.

6. CASH AND CASH EQUIVALENTS

	September 30, 2025	December 31, 2024	September 30, 2024
Cash on hand and working capital	$ 3,206	$ 3,497	$ 3,794
Checks and demand deposits	159,680	101,079	114,247
Cash equivalents
Time deposits in banks	848,000	770,000	899,900
	$ 1,010,886	$ 874,576	$ 1,017,941

The market rate intervals of cash in bank and bank overdrafts at the end of the reporting period are as follows:

	September 30, 2025	December 31, 2024	September 30, 2024
Bank balances	0.01%~1.62%	0.01%~1.60%	0.01%-1.61%

7. FINANCIAL INSTRUMENTS MEASURED AT FVTPL

	September 30, 2025	December 31, 2024	September 30, 2024
Financial assets - current
Mandatorily measured at FVTPL
Non-derivative financial assets
-Fund beneficiary certificate	$ -	$ 164,288	$ 130,662

8. FINANCIAL ASSETS MEASURED AT AMORTIZED COST

	September 30, 2025	December 31, 2024	September 30, 2024
Non-current
Domestic investment
-Corporate bonds	$ 50,206	$ 50,258	$ -

In November 2024, our company purchased 5-year corporate bonds issued by Taiwan Power Company with a par value of NT$50 million. The coupon rate is 1.90%, and the effective interest rate is 1.76%.

Refer to Note 9 for information relating to credit risk management and expected credit loss for financial assets at amortized cost.

15 -

CREDIT RISK MANAGEMENT OF DEBT INSTRUMENT INVESTMENTS

The Company's debt instruments are financial assets measured at amortized cost :

	September 30, 2025	December 31, 2024	September 30, 2024
Total carrying amount	$ 50,206	$ 50,258	$ -
Less: allowance for loss	-	-	-
Amortized cost	$ 50,206	$ 50,258	$ -

Our company only invests in debt instruments with a credit rating of investment grade or higher and that are considered to have low credit risk under impairment assessment. The credit rating information is provided by independent rating agencies. We continuously monitor external rating information to track changes in the credit risk of the invested debt instruments. Additionally, we review other information such as bond yield curves and significant disclosures from debtors to assess whether there has been a significant increase in credit risk since initial recognition.

In assessing the 12-month expected credit loss or lifetime expected credit loss of debt instrument investments, our company considers the historical default probabilities and loss given default associated with each rating category provided by external rating agencies, the current financial status of the debtor, and the industry outlook in which the debtor operates.

Our current internal credit risk rating framework is as follows:

Credit Rating	Definition	Basis for Expected Credit Loss Recognition	Expected Credit Loss Rate
Normal	The debtor has low credit risk and sufficient ability to meet contractual cash flows.	12-month expected credit loss	-

ACCOUNTS RECEIVABLE (INCLUDING RELATED PARTIES)

	September 30, 2025	December 31, 2024	September 30, 2024
Accounts receivable
Measured at amortized cost
Non-related parties	$ 404,950	$ 376,359	$ 482,934
Less: Allowance for doubtful accounts	-	-	-
	$ 404,950	$ 376,359	$ 482,934

The main credit period for the Company's sales of goods is 30 to 45 days with no interest charged on accounts receivable. The Company continuously monitors credit exposure and the credit rating

of counterparties. To mitigate credit risk, the Company's management assigns a dedicated team to make decisions on credit limits, credit approvals, and other monitoring procedures to ensure appropriate actions are taken to collect overdue accounts receivable. In addition, the Company reviews the recoverable amounts of accounts receivable on a case-by-case basis as of the balance sheet date to ensure that appropriate impairment losses have been recognized for uncollectible accounts. Accordingly, the Company's management believes that credit risk has been significantly reduced.

The Company recognizes provisions for doubtful accounts based on expected credit losses over the remaining life of the receivables. The expected credit losses over the remaining life of the receivables are calculated using an expected loss matrix that considers customers' past default records and current financial conditions, as well as industry and economic conditions. As the Company's historical experience with credit losses indicates no significant differences in loss patterns among different customer groups, the expected loss matrix does not differentiate among customer groups and only sets expected credit loss rates based on the number of days past due for accounts receivable.

If there is evidence that counterparties are facing severe financial difficulties and the Company cannot reasonably expect to recover the amounts due, the Company writes off the relevant accounts receivable directly, but continues to pursue collection activities. The amount collected from the recovery is recognized in profit or loss.

The Company's provisions for doubtful accounts for accounts receivable are measured based on the expected loss matrix as follows:

September 30, 2025

	Not overdue	Overdue 1-30 days	Overdue 31-90 days	Overdue 91-180 days	Total
Expected credit losses	-	-	-	-	-
Total carrying amount	$ 404,950	$ -	$ -	$ -	$ 404,950
Allowance for loss (lifetime expected credit losses)	-	-	-	-	-
Amortized cost	$ 404,950	$ -	$ -	$ -	$ 404,950

Dec. 31, 2024

	Not overdue	Overdue 1-30 days	Overdue 31-90 days	Overdue 91-180 days	Total
Expected credit losses	-	-	-	-	-
Total carrying amount	$ 376,359	$ -	$ -	$ -	$ 376,359
Allowance for loss (lifetime expected credit losses)	-	-	-	-	-
Amortized cost	$ 376,359	$ -	$ -	$ -	$ 376,359

September 30, 2024

	Not overdue	Overdue 1-30 days	Overdue 31-90 days	Overdue 91-180 days	Total
Expected credit losses	-	-	-	-	-
Total carrying amount	$ 482,934	$ -	$ -	$ -	$ 482,934
Allowance for loss (lifetime expected credit losses)	-	-	-	-	-
Amortized cost	$ 482,934	$ -	$ -	$ -	$ 482,934

11. INVENTORY

	September 30, 2025	December 31, 2024	September 30, 2024
Finished goods	$ 130,671	$ 135,303	$ 119,012
Work in progress	231,515	245,734	227,885
Raw materials	162,273	216,591	248,604
	$ 524,459	$ 597,628	$ 595,501

The nature of cost of goods sold is as follows:

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Cost of inventories sold	$ 334,480	$ 412,734	$1,091,954	$1,235,544
Reversal of inventory write-downs and obsolescence	($10,000)	$ -	($ 20,000)	$ -

The reversal of inventory write-downs was recognized as the factors that previously caused the net realizable value of inventories to fall below cost had disappeared.

12. SUBSIDIARIES

The subsidiaries listed in the consolidated financial statements

The consolidated financial statements were prepared based on the information of the following companies:

Name of the Investment Company	Name of Subsidiary	Nature of business	Shareholding percentage
			September 30, 2025	Dec. 31, 2024	September 30, 2024
Generalplus Technology Inc.	Generalplus International (Samoa) Inc.	Investment	100%	100%	100%
Generalplus International (Samoa) Inc.	Generalplus (Mauritius) Inc.	Investment	100%	100%	100%
Generalplus (Mauritius) Inc.	Generalplus Technology (Shenzhen) Co., Ltd.	Development of IC product applications, sales,after-sales service, and market research and survey	100%	100%	100%
	Generalplus Technology (HK)Co., Ltd.	Marketing	100%	100%	100%	Note

Note: This is a non-material subsidiary, and its financial reports have not been reviewed by accountants.

13. PROPERTY, PLANT AND EQUIPMENT

	Buildings	Accessories and equipment attached to buildings	Machinery and equipment	Testing equipment	Tools and machinery for production	Leasehold Improvements	Other equipment	Total
Cost
Balance on Jan. 1, 2025	$556,360	$103,827	$11,892	$536,853	$78,915	$48	$2,824	$1,290,719
Add	-	-	15,586	24,610	1,466	-	6	41,668
Disposal	-	-	-	(93)	(974)	-	-	(1,067)
Net exchange difference	(13,932)	(561)	-	(305)	(768)	(3)	(130)	(15,699)
Balance on September 30, 2025	$542,428	$103,266	$27,478	$561,065	$78,639	$45	$2,700	$1,315,621
Accumulated depreciation
Balance on Jan. 1, 2025	$145,493	$102,872	$11,013	$526,404	$74,138	$48	$2,824	$862,792
Add	9,292	329	2,503	20,949	1,436	-	1	34,510
Disposal	-	-	-	(90)	(877)	-	-	(967)
Net exchange difference	(3,107)	(561)	-	(289)	(694)	(3)	(131)	(4,785)
Balance on September 30, 2025	$151,678	$102,640	$13,516	$546,974	$74,003	$45	$2,694	$891,550
September 30, 2025-net	$390,750	$626	$13,962	$14,091	$4,636	$-	$-6	$424,071
Jan. 1, 2025 and Dec. 31,2024-net	$410,867	$955	$879	$10,449	$4,777	$-	$-	$427,927
Cost
Balance on Jan. 1, 2024	$546,197	$103,225	$11,892	$512,509	$91,929	$45	$2,729	$1,268,526
Add	-	193	-	25,960	1,114	-	-	27,267
Disposal	-	-	-	(41)	(10)	-	-	(51)
Net exchange difference	13,191	531	-	292	754	1	123	14,892
Balance on September 30, 2024	$559,388	$103,949	$11,892	$538,720	$93,787	$46	$2,852	$1,310,634
Accumulated depreciation
Balance on Jan. 1, 2024	$130,863	$101,012	$8,640	$495,640	$86,220	$45	$2,479	$824,899
Add	9,428	1,176	1,845	27,575	1,588	-	210	41,822
Disposal	-	-	-	(41)	(10)	-	-	(51)
Net exchange difference	2,693	496	-	277	673	1	116	4,256
Balance on September 30, 2024	$142,984	$102,684	$10,485	$523,451	$88,471	$46	$2,805	$870,926
September 30, 2024-net	$416,404	$1,265	$1,407	$15,269	$5,316	$-	$47	$439,708

No impairment losses were recognized in 2025 and 2024 from Jan.1 to September 30..

Depreciation expense is depreciated on a straight-line basis over the following number of years of useful life:

Buildings	42-46 years
Accessories and equipment attached to buildings	4-10 years
Machinery and Equipment	4 years
Testing equipment	1-10 years
Tools and machinery	1-5 years

for production
Leasehold
Improvements
Other equipment

4-5 years
10 years

14. LEASE AGREEMENT

(1) Right-of-use assets

	September 30, 2025	December 31, 2024	September 30, 2024
Right-of-use assets Carrying amount
Lands and buildings	$ 29,566	$ 30,089	$ 30,318
	For the Three Months Ended September 30		For the Nine Months Ended September 30
---	---	---	---
	2025	2024	2025
Right-of-use assets-add			$ -
Right-of-use assets-Depreciation expense
Lands and buildings	$ 633	$ 676	$ 2,045

Except for the depreciation expense above, the Company's right-of-use assets did not experience significant sublease and impairment from January 1 to September 30, 2025 and 2024.

(2) Lease liabilities

	September 30, 2025	December 31, 2024	September 30, 2024
Lease liabilities Carrying amount
Current	$ 1,787	$ 1,501	$ 1,470
Non-current	$ 29,887	$ 30,492	$ 30,684

The discount rate range for the lease liabilities is as follows.

	September 30, 2025	December 31, 2024	September 30, 2024
Lands and buildings	2.39%-5.00%	2.39%-5.63%	2.39%-5.63%

(3) Important Tenant Activities and Terms

The Company leases land and buildings for use as factories and offices for a period of 20 years. The land lease in Taiwan is based on the announced land price for rent adjustment. There is no preferential purchase right for the land and buildings leased by the Company at the end of the lease term.

(4) Other leasing information

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Short-term lease expenses	$1,160	$1,317	$3,437	$3,624
Total amount of cash (outflow)			$(5,832)	$(6,104)

INTANGIBLE ASSETS

	Cost of computer software	Technology licensing cost	Patent rights	Total
Cost
Balance on Jan. 1, 2025	$368,238	$400,188	$17,130	$785,556
Acquired separately	29,701	11,526	-	41,227
Net exchange difference	(111)	-	-	(111)
Balance on September 30, 2025	$397,828	$411,714	$17,130	$826,672
Accumulated amortization
Balance on Jan. 1, 2025	$359,065	$394,921	$14,159	$768,145
Amortization expense	20,377	3,668	520	24,565
Net exchange difference	(105)	-	-	(105)
Balance on September 30, 2025	$379,337	$398,589	$14,679	$792,605
September 30, 2025-net	$18,491	$13,125	$2,451	$34,067
Dec. 31, 2024 and Jan. 1,2025-net	$9,173	$5,267	$2,971	$17,411
Cost
Balance on Jan. 1, 2024	$342,954	$394,544	$17,130	$754,628
Acquired separately	25,203	1,518	-	26,721
Net exchange difference	104	-	-	104
Balance on September 30, 2024	$368,261	$396,062	$17,130	$781,453
Accumulated amortization
Balance on Jan. 1, 2024	$337,153	$392,761	$13,434	$743,348
Amortization expense	15,461	1,591	552	17,604
Net exchange difference	95	-	-	95
Balance on September 30, 2024	$352,709	$394,352	$13,986	$761,047
September 30, 2024-net	$15,552	$1,710	$3,144	$20,406

The cost is amortized on a straight-line basis over the following useful lives:

Computer software
1-5 years
Technology licensing
1-5 years
Patent rights
8-18 years

Amortization expense listed by function:

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Operating costs	$ 252	$ -	$ 440	$ -
Selling and marketing expenses	29	123	139	406
General and administrative expense	54	105	161	521
Research and development expenses	8,781	6,888	23,825	16,677
	$ 9,116	$ 7,116	$ 24,565	$ 17,604

16. OTHER ASSETS

	September 30, 2025	December 31, 2024	September 30, 2024
Current
Income tax refund receivable	$ 5,821	$ 4,381	$ 2,206
Other receivables	4,695	8,185	8,926
Prepayments	3,533	6,738	9,050
Advance payments to suppliers	1,168	-	11,567
Others	104	2,486	1,156
	$ 15,321	$ 21,790	$ 32,905
Non-current
Other financial assets-time deposits in banks	$ 209,279	$ 219,422	$ 221,627
Refundable deposits (Note 30)	63,443	88,790	85,998
Prepayments for purchases	3,623	20,753	20,573
Restricted assets (Note 29)	3,000	3,000	3,000
Prepaid technology license fees	7,800	-	-
	$ 287,145	$ 331,965	$ 331,198

The main other financial asset is the time deposit that Generalplus Shenzhen and banks have undertaken. As of September 30, 2025 and December 31, 2024 and September 30, 2024, the amounts were RMB49,000 thousand, respectively. The deposit periods are all 2 to 3 years, and interest can be collected at a fixed interest rate according to the deposit period.

Advance payments are mainly prepayments made under capacity cooperation agreements signed between the Company and its suppliers. The advance payments made according to the contractual

provisions will be offset against the payment for goods over a period of five years, subject to the fulfillment of the production capacity conditions stipulated in the contract.

17. LOAN

Short-term loans

	September 30, 2025	December 31, 2024	September 30, 2024
Unsecured borrowings
Line of credit loans	$ 193,326	$ 75,078	$ 234,527

The interest rate for revolving loans from banks as of September 30, 2025 and December 31, 2024 and September 30, 2024, the rate were 4.79%~5.02% and 5.49%~5.70% and 5.95%~6.20%.

18. ACCOUNTS PAYABLE

	September 30, 2025	December 31, 2024	September 30, 2024
Accounts payable
Generated from operating activities
Non-related parties	$162,748	$162,338	$192,341
Related parties (Note 28)	410	464	583
	$163,158	$162,802	$192,924

The average accounts payable period for this Company's business-related expenses is between 30 and 60 days. The Company has established a financial risk management policy to ensure that all accounts payable are settled within the agreed credit period.

19. OTHER LIABILITIES

	September 30, 2025	December 31, 2024	September 30, 2024
Current
Salaries, bonuses and rewards payable to employees	$ 140,422	$ 173,163	$ 180,190
Labor insurance premiums payable	13,169	13,972	14,225
Refund liabilities (Note)	2,841	6,401	8,513
Others	21,820	26,489	22,566
	$ 178,252	$ 220,025	$ 225,494

Note: These refer to related product returns and discounts. Based on historical experience, management judgment, and other known reasons, the Company estimates the possible occurrence of product returns and discounts and records them as a deduction from revenue in the period in which the relevant products are sold.

24 -

20. BENEFITS AFTER RETIREMENT PLAN

Employee benefits expense in respect of the Company's defined benefit retirement plans were $33 thousand and $33 thousand and $99 thousand and $111 thousand as of the three months ended September 30, 2025 and 2024 and as of the Nine months ended September 30, 2025 and 2024, respectively, and were calculated using the respective annual, actuarially determined pension cost discount rates as of December 31, 2024 and 2023.

21. EQUITY

(1) Share Capital

	September 30, 2025	December 31, 2024	September 30, 2024
Number of shares authorized (1,000 shares)	140,000	140,000	140,000
Authorized share capital	$ 1,400,000	$ 1,400,000	$ 1,400,000
Number of issued and fully paid shares (1,000 shares)	108,816	108,816	108,816
Share capital of issued shares	$ 1,088,158	$ 1,088,158	$ 1,088,158

The par value of the issued common stock is NT$10 per share, and each share has one voting right and the right to receive dividends.

The reserved capital in the designated capital stock for employee stock option certificates is 10,000 thousand shares.

(2) Capital surplus

	September 30, 2025	December 31, 2024	September 30, 2024
Issuance of ordinary shares	$ 141,967	$ 141,967	$ 141,967

The capital surplus may be used to offset losses, and may also be used to distribute cash or increase capital when the Company is not in deficit. However, when increasing capital, the annual limit is determined by a certain percentage of the paid-in capital.

(3) Retained earnings and dividend policy

According to the profit distribution policy stipulated in the Company's pre-revised articles of association, if there is a profit after the annual settlement, in addition to paying the business income tax in accordance with the law and offsetting losses from previous years, 10% of the legal reserve shall be allocated first, but this limit does not apply if the legal reserve has reached the total capital amount. Then, in accordance with laws and regulations or the regulations of the competent authority, the remaining profits, together with the accumulated undistributed profits from the previous period, shall be distributed to the shareholders as dividends after the board of

directors proposes a distribution proposal and submits it to the shareholders' meeting for approval. However, the ratio of profit distribution and cash dividends to shareholders may be adjusted based on the actual profits and financial situation of the current year and resolved by the shareholders' meeting. The total amount of dividends distributed each year shall be no less than 10% of the newly distributable profits of that year. However, if it is less than 1% of the paid-in capital, it may not be distributed. The aforementioned cash dividends shall not be less than 10% of the total dividends payable to shareholders.

The employee and director compensation distribution policy stipulated in the Company's articles of association is referred to in Note 23(8) regarding compensation to employees and compensation to directors.

If there are items reducing shareholder equity due to accumulated losses from the previous year or occurring in the current year but not sufficient to be set aside from the current year's after-tax profit, the same amount shall be set aside as a special profit reserve from the accumulated undistributed profits from the previous year before proposing allocation for distribution.

The legal reserve shall be set aside until its balance reaches the total amount of the Company's paid-in capital. The legal reserve may be used to offset losses. If the Company has no deficit, the excess of legal reserve over 25% of the paid-in capital may be distributed in cash in addition to capitalization.

At the shareholders' meetings held on May 27, 2025 and May 24, 2024, the Company resolved to distribute the earnings for 2024 and 2023, respectively, as follows:

	2024	2023
Legal reserve	$ 25,167	$ 16,808
Special reserve	($ 19,445)	$ 9,976
Cash dividends	$244,836	$141,460
Cash dividends per share (NT$)	$ 2.25	$ 1.30

(4) Special reserve

	For the Nine Months Ended September 30,2025	For the Nine Months Ended September 30,2024
Beginning balance	$ 55,438	$ 45,462
Transfer to special reserve
Deduction from other equity items	-	9,976
Reversal of special reserve
Deduction reversal from other equity items	( 19,445 )	-
Ending balance	$ 35,993	$ 55,438

(5) Other equity interest items

Exchange differences on translation

	For the Nine Months Ended September 30,2025	For the Nine Months Ended September 30,2024
Beginning balance	($ 35,993)	($ 55,438)
Generated in the fiscal year
Exchange differences on translation of foreign operations	( 26,960)	24,669
Other comprehensive income in the fiscal year	( 26,960)	24,669
Ending balance	($ 62,953)	($ 30,769)

REVENUE

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Revenue from customer contracts
Revenue from sales of goods	$ 475,782	$ 651,741	$1,654,961	$1,973,641
Others	2,987	5,128	15,010	18,009
	$ 478,769	$ 656,869	$1,669,971	$1,991,650

(1) Explanation of customer contracts

Revenue from sales of goods

IC products are sold to agents. The Company agrees on the selling price of goods with the order, and estimates the discount amount and return rate based on past experience and market conditions to determine the amount of revenue recognition and recognition of refund liabilities (recorded as other current liabilities).

(2) Breakdown of revenue from customer contracts

	Reporting Department:
	Direct Sales - IC Products
	For the Nine Months Ended September 30,2025	For the Nine Months Ended September 30,2024
Main Regional Markets:
Taiwan	$ 842,333	$ 987,192
Mainland China	822,930	995,802
Japan	3,750	7,679
Singapore	958	977
	$ 1,669,971	$ 1,991,650
Main Products:
IC Products	$ 1,654,961	$ 1,973,641
Others	15,010	18,009
	$ 1,669,971	$ 1,991,650

Recognition Timing:
Satisfied at a point of time
$ 1,669,971
$ 1,991,650

23. NET PROFIT OF OPERATING UNIT

(1) Other income and (expenses), net

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Gain (loss) on the disposal of property, plant and equipment	($ 1)	$ -	($ 100)	$ -

(2) Interest income

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Bank deposit	$ 4,745	$ 4,663	$ 14,536	$ 13,282

(3) Other income

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Subsidy	$ 757	$ 543	$ 1,549	$ 2,991
Litigation Settlement
Income	-	-	4,678	-
Others	993	270	1,441	1,034
	$ 1,750	$ 813	$ 7,668	$ 4,025

(4) Other gains and losses

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Foreign exchange gain (loss)	$ 2,512	($ 2,496)	($ 10,586)	$ 7,475
Net gain on financial assets measured at FVTPL	107	605	1,141	1,038
	$ 2,619	($ 1,891)	($ 9,445)	$ 8,513

(5) Finance costs

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Interests from bank loans	$ 2,369	$ 3,038	$ 5,266	$ 6,956
Imputed interest on deposits received	677	1,114	2,151	3,343
Lease liabilities interest	177	188	535	569
	$ 3,223	$ 4,340	$ 7,952	$ 10,868

(6) Depreciation and Amortization

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Depreciation expense is summarized by function
Operating costs	$ 1,280	$ 840	$ 3,454	$ 2,764
Operating expenses	10,579	13,052	33,101	41,176
	$ 11,859	$ 13,892	$ 36,555	$ 43,940
	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Amortization expense is aggregated by function
Operating costs	$ 252	$ -	$ 440	$ -
Operating expenses	8,864	7,116	24,125	17,604
	$ 9,116	$ 7,116	$ 24,565	$ 17,604

For the allocation of amortization expenses of intangible assets to each line item, please refer to Note 15.

(7) Employee benefits expenses

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Benefits after retirement
Defined contribution plan	$ 4,140	$ 4,174	$ 12,453	$ 12,536
Defined benefit plan (Note 20)	33	33	99	111
Other employee benefits	105,219	130,660	351,830	408,664
Total employee benefit expenses	$109,392	$134,867	$364,382	$421,311

29 -

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Aggregated by function
Operating costs	$ 13,605	$ 13,767	$ 41,561	$ 40,045
Operating expenses	95,787	121,100	322,821	381,266
	$109,392	$134,867	$364,382	$421,311

(8) Compensation to employees and compensation to directors

In accordance with the Company's articles of association, the Company shall allocate employee compensation and director compensation of no less than 1% and no more than 1.5% of the pre-tax profit deducted by the distribution of the current year. In response to the amendment of the Securities and Exchange Act in August 2024, the Company plans to propose an amendment to its Articles of Incorporation at the 2025 Annual General Shareholders' Meeting, to stipulate that no less than 10% of the annual employee compensation allocation shall be distributed to grassroots employees. The estimated employee compensation (Including Compensation for Rank-and-File Employees) and director compensation in the three months ended September 30, 2025 and 2024 and the Nine months ended September 30, 2025 and 2024, respectively:

Estimated calculation ratio

	For the Nine Months Ended September 30,2025	For the Nine Months Ended September 30,2024
Compensation of employees	1%	15%
Compensation of directors	1%	1%

Amount

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Compensation of employees	$ 100	$ 11,771	$ 1,300	$ 43,539
Compensation of directors	$ 19	$ 898	$ 1,362	$ 3,122

If there is any change in the amount after the consolidated financial statements for the year have been approved and published, the adjustment will be made in the next year's financial statements based on accounting estimates.

The estimated employee compensation and director compensation for the years 2024 and 2023 were determined by the board of directors on February 19, 2025 and February 22, 2024, respectively:

Amount

	2024		2023
	Cash	Stock	Cash	Stock
Compensation of employees	$ 40,000	$ -	$ 27,000	$ -
Compensation of directors	2,968	-	2,160	-

The actual distribution amounts of employee compensation and director compensation for the years 2024 and 2023 are not different from the recognized amounts in the consolidated financial statements for the years 2024 and 2023.

For information on the Company's board resolutions regarding employee compensation and director compensation, please refer to the "MOPS" of the Taiwan Stock Exchange.

24. INCOME TAX FOR CONTINUING OPERATIONS

(1) Income tax recognized in profit or losses

Main components of income tax expenses recognized in profit or losses:

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Current income tax
Generated in the fiscal year	($ 2,451)	$ 16,282	$ 16,455	$ 38,241
Adjustments for the prior year	-	-	( 8,093 )	( 34,919 )
Deferred income tax
Generated in the fiscal year	4,109	( 1,069 )	5,007	2,442
Income tax expense recognized in profit or losses	$ 1,658	$ 15,213	$ 13,369	$ 5,764

(2) Income tax assessment

As of the end of the 2022 fiscal year, the Company's income tax returns have been approved by the tax authorities.

EARNINGS PER SHARE

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Basic earnings per share	$ 0.07	$ 0.56	$ 1.01	$ 2.21
Diluted earnings per share	$ 0.07	$ 0.56	$ 1.01	$ 2.20

The earnings and weighted average number of ordinary shares used to calculate earnings per share are as follows:

Net income in the fiscal year

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Net profit attributable to the owners of the Company	$ 8,094	$ 60,853	$110,032	$240,964
Net profit used to calculate Basic earnings per share	8,094	60,853	110,032	240,964
Influence of dilutive potential common shares.
Compensation of employees	-	-	-	-
Net profit used to calculate diluted earnings per share	$ 8,094	$ 60,853	$110,032	$240,964

Number of shares

	For the Three Months Ended September 30		Unit: Thousands of shares For the Nine Months Ended September 30
	2025	2024	2025	2024
Weighted average number of shares of common stocks used to calculate Basic earnings per share	108,816	108,816	108,816	108,816
Influence of dilutive potential common shares:
Compensation of employees	32	754	164	849
Weighted average number of shares of common stocks used to calculate Diluted earnings per share	108,848	109,570	108,980	109,665

When the Company chooses to pay employee compensation in the form of stock or cash, when calculating diluted earnings per share, it is assumed that the employee compensation will be issued in the form of stock, and the weighted average number of outstanding shares is included when the potential common stock has a dilutive effect to calculate diluted earnings per share. When calculating diluted earnings per share before the decision to issue shares for employee compensation in the next year, the dilutive effect of such potential common stock is also considered.

26. CAPITAL RISK MANAGEMENT

The Company conducts capital management to ensure that it can optimize debt and equity balances to maximize shareholder returns before continuing to operate.

The capital structure of the Company consists of net debt (borrowings minus cash and cash equivalents) and equity (including share capital, capital reserve, retained earnings, and other equity items).

The Company does not need to comply with other external capital regulations.

27. FINANCIAL INSTRUMENTS

(1) Fair value information - Financial Instruments Not Measured at Fair Value

September 30, 2025

	Carrying Amount	Fair Value
		Level 1	Level 2	Level 3	Amount
Financial Assets
Measured at amortized cost:
— Domestic corporate bonds	$ 50,206	$ -	$ 50,385	$ -	$ 50,385

Dec. 31, 2024

	Carrying Amount	Fair Value
		Level 1	Level 2	Level 3	Amount
Financial Assets
Measured at amortized cost:
— Domestic corporate bonds	$ 50,258	$ -	$ 50,110	$ -	$ 50,110

The fair value classified under Level 2 was determined based on quotations from the Taipei Exchange (TPEx), operated by the Taipei Exchange Foundation.

(2) Fair value information - financial instruments measured at fair value on a recurring basis

Fair value hierarchy

Dec. 31, 2024

	Level 1	Level 2	Level 3	Total
Financial assets measured at FVTPL:
Mutual fund certificates	$ 164,288	$ -	$ -	$ 164,288
September 30 2024	Level 1	Level 2	Level 3	Total
Financial assets measured at FVTPL:
Mutual fund certificates	$ 130,662	$ -	$ -	$ 130,662

There were no transfers between Level 1 and Level 2 fair value measurements for the Nine Months Ended September 30,2025 and 2024.

(3) Types of financial instruments

	September 30 2025	December 31, 2024	September 30 2024
Financial assets
Measured at FVTPL
Mandatorily measured at FVTPL	$ -	$ 164,288	$ 130,662
Measured at amortized cost (Note 1)	1,746,459	1,620,590	1,820,426
Financial liabilities
Measured at amortized cost (Note 2)	467,941	358,329	543,946

Note 1: The balance includes financial assets measured at amortized cost, such as cash and cash equivalents, debt instrument investments, accounts receivable, other receivables, other financial assets, refundable deposits, and restricted assets.

Note 2: The balance includes financial liabilities measured at amortized cost, such as short-term borrowings, accounts payable, and deposits received.

(4) Financial risk management objectives and policies

The Company's main financial instruments include investment fund certificates, investment corporate bonds, accounts receivable, short-term loans, accounts payable, and lease liabilities. The Company's finance management department provides services to various business units, coordinating and managing the Company's financial risks related to its operations by monitoring

and supervising internal risk reports on exposure to risks based on their level and breadth of analysis. These risks include market risk (including foreign exchange risk, interest rate risk, and other price risks), credit risk, and liquidity risk.

The finance management department reports to the board of directors on a quarterly basis.

Market risk

The Company’s main financial risks arising from its operational activities are foreign exchange rate risk (see (1) below) and interest rate risk (see (2) below). There have been no changes to the Company’s exposure to market risk related to its financial instruments or its methods for managing and measuring such risks.

(1) Exchange rate risk

A portion of the cash inflows and outflows of the Company are in foreign currencies, so there is a natural hedging effect. Our management of exchange rate risk is aimed at hedging, not profit.

The strategy for managing exchange rate risk is to regularly review the net positions of various currency assets and liabilities and manage the risk of those net positions.

The Company uses short-term foreign currency borrowings to mitigate exchange rate volatility. The currency of the short-term foreign currency borrowings must be the same as that of the hedged item. By using the above tool in conjunction with the contract terms of the hedged item, we maximize the effectiveness of the hedge.

For non-functional currency denominated monetary assets and monetary liabilities (including monetary items denominated in non-functional currencies that have been eliminated in the consolidated financial statements) on the balance sheet date, please refer to Note 31.

Sensitivity analysis

The Company is mainly affected by fluctuations in the exchange rates of USD.

The following table details the sensitivity analysis of the Company when the exchange rate of the NTD (the functional currency) increases or decreases by 1 unit against the USD. Sensitivity analysis considers foreign currency monetary items in circulation and adjusts their year-end conversion by a 1 unit exchange rate change. The scope of sensitivity analysis includes cash and cash equivalents, accounts receivable and accounts payable, refundable deposits, short-term borrowings, other payables and deposits received. A negative number in the table indicates that when the NTD appreciates by 1 unit against the USD, it will reduce the profit before tax. Conversely, when the NTD depreciates by 1 unit against the USD, it will have a positive impact on profit before tax of the same amount.

34 -

The impact of USD

	For the Nine Months Ended September 30,2025	For the Nine Months Ended September 30,2024
Profit and loss	($ 2,104)	($ 4,767)

(2) Interest rate risk

Due to the Company's use of floating-rate borrowings by individual entities, there is an interest rate risk. The Company manages its interest rate risk by maintaining an appropriate mix of fixed and floating-rate instruments. The Company regularly evaluates its hedging activities to ensure that they align with its interest rate outlook and established risk preferences, in order to adopt the most cost-effective hedging strategies.

As of the balance sheet date, the financial assets and financial liabilities subject to interest rate risk for the Company are as follows:

	September 30,2025	December 31,2024	September 30,2024
Fair value interest rate risk
Financial assets	$ 939,279	$ 854,422	$ 1,124,527
Financial liabilities	143,131	152,442	148,649
Cash flow interest rate risk
Financial assets	280,676	239,075	114,243
Financial liabilities	193,326	75,078	234,527

Sensitivity analysis

The following sensitivity analysis is based on the interest rate risk of non-derivative financial instruments on the balance sheet date. For floating rate liabilities, the analysis assumes that the amount of liabilities outstanding on the balance sheet date will remain outstanding throughout the reporting period. The variable rate used by the Company to report interest rates to key management personnel is an increase or decrease of $0.125\%$ , which also represents an assessment by management of the reasonable range of possible interest rate changes.

If the interest rate increases/decreases by $0.125\%$ , while all other variables remain constant, the Company's profit before tax For the Nine Months Ended September 30,2025 and 2024 will increase by NT$82 thousand and NT$113 thousand, respectively.

Credit risk

Credit risk refers to the risk of financial loss that may be incurred by the Company due to the counterparty's failure to fulfill its contractual obligations. As of the balance sheet date, the maximum credit risk exposure to financial loss that the Company may face from

counterparty non-performance mainly comes from the carrying amount of financial assets recognized in the consolidated balance sheet.

To mitigate credit risk, the Company's management has assigned a dedicated team to make credit decisions, approve credit and monitor procedures to ensure appropriate actions are taken to recover overdue receivables. In addition, the Company reviews the recoverable amount of receivables on a case-by-case basis as of the balance sheet date to ensure that any unrecoverable receivables have been adequately impaired. Based on this, the Company's management believes that the Company's credit risk has significantly reduced. In addition, it should be noted that the majority of the Company's liquidity transactions are conducted with financial institutions and corporate organizations that possess favorable credit ratings, which in turn mitigates the potential credit risk exposure.

With regards to accounts receivable, the Company's customer base is diversified across various industries and geographic regions. The Company maintains a diligent assessment of the financial health of its accounts receivable customers to ensure that the credit risk is effectively managed.

As of September 30, 2025 and Dec. 31, 2024 and September 30, 2024, the five largest customers' accounts receivable balances accounted for 87% - 82% and 89%, respectively, of the Company's consolidated accounts receivable balance. The credit concentration risk for the remaining accounts receivable is relatively insignificant.

3. Liquidity risk

The Company manages and maintains sufficient positions of cash and cash equivalents to support the operations of the Group and mitigate the impact of cash flow volatility. The Company's management oversees the utilization of bank financing facilities and ensures compliance with loan contract terms.

The Company has not utilized its unused short-term bank financing facilities, as explained in the following (2) financing facilities.

(1) Liquidity and interest rate risk table of non-derivative financial liabilities

The remaining contract maturity analysis of non-derivative financial liabilities is prepared based on the undiscounted cash flow of financial liabilities (including principal and estimated interest) based on the earliest date when the company may be required to repay. Therefore, the bank borrowings that the Company can be required to repay immediately are within the earliest period in the table below, without considering the probability of the bank immediately executing the right; the maturity analysis of other non-derivative financial liabilities is prepared based on the agreed repayment date.

36 -

For interest cash flows paid at floating interest rates, the undiscounted interest amount is derived based on the yield curve on the balance sheet date

September 30, 2025

	Request pay-as-you-go or less than 1 month	1-3 months	3 months to 1 year	1-5 years	More than 5 years
Non-interest bearing liabilities	$ 113,420	$ 60,532	$ -	$ -	$ -
Lease liabilities	253	506	1,745	5,760	33,360
Floating-rate instruments	104,982	89,375	-	-	-
Fixed-rate instruments	-	-	-	282	112,825
	$ 218,655	$ 150,413	$ 1,745	$ 6,042	$ 146,185

Further information on the maturity analysis of the financial liabilities above is as follows:

	Less than 1 year	1-5 years	5-10 years	10-15 years	15-20 years	More than 20 years
Lease liabilities	$ 2,504	$ 5,760	$ 7,200	$ 7,200	$ 7,200	$ 11,760

Dec. 31, 2024

	Request pay-as-you-go or less than 1 month	1-3 months	3 months to 1 year	1-5 years	More than 5 years
Non-interest bearing liabilities	$ 122,920	$ 55,832	$ -	$ -	$ -
Lease liabilities	268	537	2,415	6,710	35,827
Floating-rate instruments	26,602	48,529	-	-	-
Fixed-rate instruments	-	-	-	407	123,950
	$ 149,790	$ 104,898	$ 2,415	$ 7,117	$ 159,777

Further information on the maturity analysis of the financial liabilities above is as follows:

	Less than 1 year	1-5 years	5-10 years	10-15 years	15-20 years	More than 20 years
Lease liabilities	$ 3,220	$ 6,710	$ 7,490	$ 7,490	$ 7,490	$ 13,357

September 30, 2024

	Request pay-as-you-go or less than 1 month	1-3 months	3 months to 1 year	1-5 years	More than 5 years
Non-interest bearing liabilities	$ 125,110	$ 79,117	$ -	$ -	$ -
Lease liabilities	263	527	2,370	7,100	36,201
Floating-rate instruments	140,629	94,698	-	-	-
Fixed-rate instruments	-	-	-	437	118,677
	$ 266,002	$ 174,342	$ 2,370	$ 7,537	$ 154,878

Further information on the maturity analysis of the financial liabilities above is as follows:

	Less than 1 year	1-5 years	5-10 years	10-15 years	15-20 years	More than 20 years
Lease liabilities	$ 3,160	$ 7,100	$ 7,490	$ 7,490	$ 7,490	$ 13,731

(2) Financing facilities

	September 30, 2025	December 31, 2024	September 30, 2024
Unsecured bank overdraft facilities (reviewed annually)
- Used amount	$ 193,326	$ 75,078	$ 234,527
-Unused amount	1,211,124	1,252,772	1,181,973
	$ 1,404,450	$ 1,327,850	$ 1,416,500

28. TRANSACTION WITH RELATED PARTIES

The parent company of Generalplus Technology Inc. is Sunplus Technology Co., Ltd. and as of September 30, 2025 and Dec. 31, 2024 and September 30, 2024, Sunplus Technology Co., Ltd. and its subsidiaries held a total of $47.80\%$ of the common stock of Generalplus Technology Inc.. As Generalplus Technology Inc. is a listed company in Taiwan, the remaining shares are widely held by other shareholders. Considering the absolute and relative voting power of other shareholders, as well as the distribution of shares held, Sunplus Technology Co., Ltd. still has control over Generalplus Technology Inc.

Transactions, account balances, income, and expenses between Generalplus Technology Inc. and its subsidiaries (related parties of Generalplus Technology Inc.) were eliminated in full upon consolidation, and therefore not disclosed in the accompanying notes. In addition to the disclosures made in the accompanying notes, the following are transactions between the Company and other related parties:

(1) Name of related party and its relationships

Name of related party	Relationship with the Company
Sunplus Technology Co., Ltd.	The parent company of Generalplus Technology Inc.
Sunplus Innovation Technology Inc.	Sister company

(2) Operating revenue

		For the Three Months Ended September 30		For the Nine Months Ended September 30
Accounting item	Type of related party/Name	2025	2024	2025	2024
Sales revenue	Sister companies	$ -	$ -	$ 326	$ 439

The selling prices and payment terms for sales to related parties are determined through negotiations based on costs and market conditions, and there are no other comparable transactions.

(3) Related party payables

Accounting item	Type of related party/Name	September 30, 2025	December 31, 2024	September 30, 2024
Accounts payable	Parent Company	$ 410	$ 464	$ 583

The balance of payables to related parties outstanding is not secured.

(4) Other related party transactions

		For the Three Months Ended September 30		For the Nine Months Ended September 30
Accounting item	Type of related party/Name	2025	2024	2025	2024
Cost of goods sold	Parent Company	$ 639	$ 792	$ 1,722	$ 2,853
Operating expenses	Parent Company	$ 1,619	$ 1,226	$ 1,896	$ 1,488

The prices and transaction terms for testing fees with related parties are equivalent to those with unrelated parties.

The determination of transaction terms for support service expenses with related parties is based on mutual agreement, and there are no other comparable transactions.

(5) Compensation to key management personnel:

	For the Three Months Ended September 30		For the Nine Months Ended September 30
	2025	2024	2025	2024
Short-term employee benefits	$ 9,416	$ 6,533	$ 20,743	$ 16,848

The compensation to directors and other key management personnel is determined based on individual performance and market trends.

PLEDGED ASSETS

Collateral provided for leased land:

	September 30, 2025	December 31, 2024	September 30, 2024
Other assets - restricted assets	$ 3,000	$ 3,000	$ 3,000

SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED CONTRACTUAL COMMITMENTS

Except as disclosed in other notes, the significant commitments of the Company as of the balance sheet date are as follows:

Long-term purchase contracts

In December 2021, the Company signed a long-term supply contract with a supplier, under which the parties agreed to deliver the agreed-upon supply and price from January 1, 2022, to December 31, 2026. The contract stipulates that if either party fails to fulfill the agreed-upon purchase or supply quantity, the other party has the right to claim compensation of a certain amount. Pursuant to the contract, the Company has already paid the supplier US$1,944 thousand as a guarantee for capacity supply.

INFORMATION ON FOREIGN CURRENCY ASSETS AND LIABILITIES WITH SIGNIFICANT IMPACT

The following information is presented in terms of foreign currencies other than the functional currencies of the Company's entities, and the exchange rates disclosed refer to the exchange rates of

40 -

these currencies converted to the functional currency. The significant foreign currency assets and liabilities are as follows:

September 30, 2025
Unit: Thousands of each foreign currency

Financial assets	Foreign currency	Exchange rate	Carrying amount
Monetary items
USD	$ 18,669	30.445	$ 568,378
JPY	66,776	0.2058	13,743
RMB	1,668	4.271	7,124
HKD	51	3.913	200
Financial liabilities
Monetary items
USD	16,565	30.445	504,321

Dec. 31, 2024
Unit: Thousands of each foreign currency

Financial assets	Foreign currency	Exchange rate	Carrying amount
Monetary items
USD	$ 16,607	32.785	$ 544,460
RMB	665	4.478	2,978
JPY	7,380	0.2099	1,549
HKD	61	4.222	258
Financial liabilities
Monetary items
USD	10,793	32.785	353,849

September 30, 2024
Unit: Thousands of each foreign currency

Financial assets	Foreign currency	Exchange rate	Carrying amount
Monetary items
USD	$ 20,660	31.650	$ 653,889
RMB	673	4.523	3,044
JPY	13,358	0.2223	2,969
HKD	63	4.075	257
Financial liabilities
Monetary items
USD	15,893	31.650	503,013

The foreign exchange gains and losses (realized and unrealized) of the Company for the three months ended September 30, 2025 and 2024 and the Nine months ended September 30, 2025 and

2024 were NT$2,512 thousand and NT($2,496) thousand and NT($10,586) thousand and NT$7,475 thousand, respectively. Due to the variety of functional currencies of the individual entities within the foreign currency trading group, it is not possible to disclose the exchange gains and losses by significant foreign currencies.

32. NOTE DISCLOSURE

(1) Information on material transactions:

Financings provided: None
Endorsements/guarantees provided: None
Marketable securities held (excluding investments in subsidiaries and associates) (Table 1)
Total purchases from or sales to related parties of at least NT$100 million or 20% of the paid-in capital: None
Receivables from related parties amounting to at least NT$100 million or 20% of the paid-in capital: None
Other: Business relationships and significant transaction amounts among parent and subsidiary companies and among subsidiaries (Table 2)

(2) Information about the investment business (Table 3)

(3) Information of investment from mainland china:

The name, main business, paid-in capital, investment method, funds inflow/outflow, shareholding ratio, investment gains/losses, end-of-period investment book value, investment gains/losses already remitted, and investment limits for investing in mainland China for the invested companies in mainland China. (Table 4)
Significant transactions with the investees in Mainland China, directly or indirectly through third regions, and their prices, payment terms, and unrealized gains or losses: (Table 5)

33. DEPARTMENTAL INFORMATION

Information reported to the chief operating decision maker for the purpose of resource allocation and assessment of segment performance focuses on types of goods provided. Since all products have similar economic characteristics and product selling is centralized, the Company reports information as one segment. Thus, the information of the operating segment is the same as that presented in the accompanying financial statements. That is, the revenue by sub-segment and operating results for the periods from January 1 to September 30, 2025 and 2024 can be referenced in the statements of comprehensive income for those periods, and the assets by segment as of September 30, 2025, December 31, 2024 and September 30, 2024 are shown in the accompanying consolidated balance sheets for September 30, 2025, December 31, 2024 and September 30, 2024.

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Generalplus Technology Inc. And Its Subsidiaries
Marketable securities held at the end of the period
September 30, 2025

Table 1
Units: In NT$1,000, unless otherwise stated

Holding company	Type and name of marketable securities	Relationship with the issuer of marketable securities	Financial statement account	End of term				Remark
				Number of shares	Carrying amount	Shareholding %	Fair value
Generalplus Technology Inc.	Taiwan Power Company 5th Unsecured Ordinary Corporate Bonds, Series A, FY2024	-	Financial assets measured at amortized cost are assets – non-current	-	$ 50,206	-	$ 50,385	-

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Generalplus Technology Inc. And Its Subsidiaries
Business relationships and significant transaction amounts among parent and subsidiary companies and among subsidiaries
From Jan. 1 to September 30, 2025
Unit: NT$1,000

Table 2

No.	Name of the trader	Name of the transaction counterparty	Relationship with the trader (Note 3)	Conditions of transactions
				Subjects	Amount	Terms of transaction	As a percentage of total consolidated revenue or total assets
0	Generalplus Technology Inc.	Generalplus (Shenzhen)	1	Sales revenue	$ 84,599	Note 1	5.07%
			1	Research and development expenses	45,478	Note 1	2.72%
			1	Accounts receivable	41,955	Note 2	1.50%
			1	Other payables - related parties	44,610	Note 2	1.59%
		Generalplus (HK)	1	Selling expenses	10,006	Note 1	0.60%
			1	Other payables - related parties	2,892	Note 2	0.10%

Note 1: There are no other appropriate comparable transactions.
Note 2: Payment terms are equivalent to general transaction terms.
Note 3: (1) represents transactions between the parent company and its subsidiaries.

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Generalplus Technology Inc. And Its Subsidiaries
Information on the invested company's name, location, and related details
From Jan. 1 to September 30, 2025

Table 3
Unit: In thousands of New Taiwan dollars and foreign currency

Name of the Investment Company	Name of the Investee Company	Location	Main businesses	Original investment amount		Holdings as of the end of the period			Investee company Profit or loss for the period	The investment income or loss recognized during the period	Remark
				End of the period	End of last year	Number of shares	Ratio	Carrying amount
Generalplus Technology Inc.	Generalplus International (Samoa) Inc.	Samoa	Investment	$ 581,195 (US$ 19,090)	$ 581,195 (US$ 19,090)	19,090,000	100%	$ 550,255	$ 11,433	$ 11,433 (Note 2)	Subsidiary
Generalplus International (Samoa) Inc.	Generalplus (Mauritius) Inc.	Mauritius	Investment	581,195 (US$ 19,090)	581,195 (US$ 19,090)	19,090,000	100%	561,032	11,433	11,433 (Note 2)	Subsidiary
Generalplus (Mauritius) Inc.	Generalplus Technology (HK) Co., Ltd.	Hong Kong	Marketing	11,874 (US$ 390)	11,874 (US$ 390)	-	100%	11,715	946	946 (Note 1)	Subsidiary

Note 1: The calculation is based on the financial reports of the investee company had not been reviewed by an accountant for the same period.
Note 2: The calculation is based on the financial reports of the investee company reviewed by an accountant for the same period.
Note 3: The original foreign currency is calculated based on the exchange rate as of September 30, 2025.
Note 4: For information related to the investee companies in mainland China, please refer to Table 4.

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Generalplus Technology Inc. And Its Subsidiaries

Investment information in mainland China

From Jan. 1 to September 30, 2025

Units: In NT$1,000,

unless otherwise stated

Table 4

Mainland China Investee Company Name	Main businesses	Paid-in capital	Investment Method	Cumulative investment amount remitted from Taiwan in the beginning of current period	Remittance or Investment recoveries Amount		Cumulative investment amount remitted from Taiwan at the end of current period	Investee company Profit or loss for current period	Shareholding percentage of the Company's direct or indirect investments	Recognized Investment income during current period (Note2)	Investments carrying value at end of current period	Investment income remitted back to Taiwan as of end of current period
					Export	Take back
Generalplus Technology (Shenzhen) Co., Ltd.	Development of IC product applications, sales, after-sales service, and market research and survey	$ 569,322 (US$ 18,700)	(Note 1)	$ 569,322 (US$ 18,700)	$ -	$ -	$ 569,322 (US$ 18,700)	$ 10,487	100%	$ 10,487	$ 549,297	$ -
Cumulative amount of investment from Taiwan to China at the end of the period	Investment amount approved by the Investment Review Committee of MOEA	Investments amount limit in mainland China according to the regulations of the Investment Review Committee of MOEA. (60% of the net asset value)
---	---	---
$ 569,322 (US$18,700)	$ 569,322 (US$18,700)	$1,249,219

Note 1: Investment in mainland China can be made through establishing a company in a third country and then investing in a company in China.
Note 2: Recognition is based on the financial reports of the investee company reviewed by accountants for the same period.
Note 3: The original foreign currency is calculated based on the exchange rate as of September 30, 2025.

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Generalplus Technology Inc. And Its Subsidiaries

The following significant transactions with Mainland China investees, directly or indirectly through third parties, and their prices, payment terms, unrealized gains or losses, and other related information

From Jan. 1 to September 30, 2025

Table 5
Unit: NT$1,000

Name of investee company in Mainland China	Type of transaction	Research and development fees - management and technical support service fees, sales revenue		Price	Transaction terms		Other accounts payable - related parties, accounts and notes receivable		Unrealized gains or losses	Remark
		Amount	%		Payment terms	Comparison with general transactions	Amount	%
Generalplus Technology (Shenzhen) Co., Ltd.	Sales revenue	$ 84,599	5.32%	Priced according to contract terms	In accordance with mutually agreed terms	No other comparable transactions available	$ 41,955	9.48%	$ 10,779	None
	Expenses for commissioned development and support services	45,478	14.69%	Priced according to contract terms	In accordance with mutually agreed terms	No other comparable transactions available	44,610	93.91%	-	None

47 -

AI assistant

Generalplus Annual Report 2025

52447_rns_2026-04-30_6d44d69b-1333-46e9-a0e5-14d1b116fd7c.pdf

Generalplus Technology Inc. And Subsidiaries

Qualified Conclusion

Notice to Readers

Amendments to IAS 21 “Lack of Exchangeability”

IFRS 18 “Presentation and Disclosures in Financial Statements”

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(1) Statement of compliance

(2) Basis of preparation

6. CASH AND CASH EQUIVALENTS

7. FINANCIAL INSTRUMENTS MEASURED AT FVTPL

8. FINANCIAL ASSETS MEASURED AT AMORTIZED COST

11. INVENTORY

12. SUBSIDIARIES

13. PROPERTY, PLANT AND EQUIPMENT

14. LEASE AGREEMENT

(1) Right-of-use assets

(2) Lease liabilities

(3) Important Tenant Activities and Terms

16. OTHER ASSETS

17. LOAN

18. ACCOUNTS PAYABLE

19. OTHER LIABILITIES

20. BENEFITS AFTER RETIREMENT PLAN

21. EQUITY

23. NET PROFIT OF OPERATING UNIT

24. INCOME TAX FOR CONTINUING OPERATIONS

(1) Income tax recognized in profit or losses

(2) Income tax assessment

26. CAPITAL RISK MANAGEMENT

27. FINANCIAL INSTRUMENTS

3. Liquidity risk

(2) Financing facilities

28. TRANSACTION WITH RELATED PARTIES

32. NOTE DISCLOSURE

33. DEPARTMENTAL INFORMATION

AI assistant

Generalplus — Annual Report 2025

52447_rns_2026-04-30_6d44d69b-1333-46e9-a0e5-14d1b116fd7c.pdf

Generalplus Technology Inc. And Subsidiaries

Qualified Conclusion

Notice to Readers

Amendments to IAS 21 “Lack of Exchangeability”

IFRS 18 “Presentation and Disclosures in Financial Statements”

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(1) Statement of compliance

(2) Basis of preparation

6. CASH AND CASH EQUIVALENTS

7. FINANCIAL INSTRUMENTS MEASURED AT FVTPL

8. FINANCIAL ASSETS MEASURED AT AMORTIZED COST

11. INVENTORY

12. SUBSIDIARIES

13. PROPERTY, PLANT AND EQUIPMENT

14. LEASE AGREEMENT

(1) Right-of-use assets

(2) Lease liabilities

(3) Important Tenant Activities and Terms

16. OTHER ASSETS

17. LOAN

18. ACCOUNTS PAYABLE

19. OTHER LIABILITIES

20. BENEFITS AFTER RETIREMENT PLAN

21. EQUITY

23. NET PROFIT OF OPERATING UNIT

24. INCOME TAX FOR CONTINUING OPERATIONS

(1) Income tax recognized in profit or losses

(2) Income tax assessment

26. CAPITAL RISK MANAGEMENT

27. FINANCIAL INSTRUMENTS

3. Liquidity risk

(2) Financing facilities

28. TRANSACTION WITH RELATED PARTIES

32. NOTE DISCLOSURE

33. DEPARTMENTAL INFORMATION

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Generalplus Annual Report 2025