ICHIA — Audit Report / Information 2024

Dec 18, 2024

Stock Code: 2402

ICHIA TECHNOLOGIES INC.

Stand-alone Financial Statements and Independent Auditor’s Report 2024 and 2023

Address: No. 268, Huaya 2nd Rd., Guishan Dist., Taoyuan City Tel.: (03)3973345

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§TABLE OF CONTENTS§

ITEM PAGE I. Cover 1 II. Table of contents 2 III. Independent auditor’s report 3~6 IV. Stand-alone balance sheet 7 V. Stand-alone comprehensive income statement 8~10 VI. Stand-alone statement of changes in equity 11 VII. Stand-alone cash flow statement 12~13 VIII. Notes to the stand-alone financial statements (i) Company History 14 (ii) Date and Procedure for Approval of Financial Statements 14 (iii) Application of New and Revised Standards and Interpretations 14~16 (iv) Summary of Significant Accounting Policies 16~30 (v) Significant Accounting Judgments and Estimations, and Main Sources of Assumption Uncertainties 30 (vi) Summary of Significant Accounting Items 30~60 (vii) Related Party Transactions 60~62 (viii) Pledged Assets 62 (ix) Significant Contingent Liabilities and Unrecognized Contract Commitments 62 (x) Significant Disaster Loss - (xi) Significant Subsequent Events - (xii) Others 63~64 (xiii) Additional Disclosure 1. Information on Significant Transactions 65, 67-72 2. Information on the investee enterprises 65, 73 3. Information on investment in Mainland China 65, 74 4. Information on major shareholders 66, 75 IX. Statements of major accounting items 76~87

FINANCIAL STATEMENTS NOTE NUMBER

- - - - - - - 1 2 3 4 5 6~27 28 29 30 - - 31, 32 33 33 33 33 -

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Independent Auditor’s Report

To the Board of Directors and Shareholders of ICHIA TECHNOLOGIES INC.:

Audit opinions

We have audited the accompanying stand-alone balance sheet of ICHIA TECHNOLOGIES INC. as of December 31, 2024 and 2023, and the related stand-alone comprehensive income statements, stand-alone statement of changes in equity, stand-alone cash flow statements, and notes to the stand-alone financial statements (including significant accounting policies) for the years then ended.

In our opinion, the stand-alone financial statements referred to above present fairly, in all material respects, the stand-alone financial position of ICHIA TECHNOLOGIES INC. as of December 31, 2024 and 2023, and its stand-alone financial performance and cash flows for the years then ended, in conformity with the requirements of Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Basis for opinions

We conclude our audits in accordance with the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and Auditing Standards. Our responsibilities under those standards are further described in the responsibilities of auditors for the audit of the stand-alone financial statements. We are independent of ICHIA TECHNOLOGIES INC. in accordance with the Code of Professional Ethics for Certified Public Accountants, and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the 2024 stand-alone financial statements of ICHIA

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TECHNOLOGIES INC. These matters were addressed in the content of our audit of the stand-alone financial statements as a whole, and in forming our opinion thereon, and we do not provide separate opinions on those matters.

Key audit matters of the 2024 stand-alone financial statements of ICHIA TECHNOLOGIES INC. were as follows:

Authenticity of revenues recognized from sales to specific customers

ICHIA TECHNOLOGIES INC. manufactures a wide range of flexible printed circuit boards and mechanism integrated components (MVI) for the automotive and consumer electronics markets. The sales revenue is a major indicator for the management to evaluate the sales performance. Since the sales revenue from major customers occupies a substantial percentage of the overall sales revenues, the authenticity of the sales revenues recognized from sales to major customers with more significant changes in the increase and proportion of the sales revenue is included as key audit matters in this year’s stand-alone financial statements.

We have also performed the following major audit procedures with respect to the above key audit matters:

1. Understand and test the effectiveness of the design and implementation of the internal control system related to revenue recognition.

2. Conduct random inspection of the sales revenue from major customers and check relevant certificates and documents to make sure of the authenticity of the recognition.

3. Examine whether there are any abnormalities in the collection after the credit period granted to specific customers.

Responsibilities of management and those in charge with governance of the stand-alone financial statements

The management is responsible for the preparation and fair presentation of the stand-alone financial statements in accordance with the Regulations Governing the Preparation of Financial Statements by Securities Issuers, and for such internal control as the management determines is necessary to enable the preparation of the stand-alone financial statements to be free from material misstatement whether due to fraud or error.

In preparing the stand-alone financial statements, the management is also responsible for assessing the ability of ICHIA TECHNOLOGIES INC. as a going concern, disclosing, as applicable, matters related to a going concern and using the going concern basis of accounting. Unless the management either intends to liquidate ICHIA TECHNOLOGIES INC. or to cease operations, or has no other realistic alternative but to do so.

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Those in charge of governance (including the Auditing Committee) are responsible for overseeing the reporting process of the financial statements of ICHIA TECHNOLOGIES INC.

Auditor’s responsibilities for the audit of the stand-alone financial statements

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

As part of an audit in accordance with auditing standards, we exercise professional judgment and skepticism throughout the audit. We also:

1. Identify and assess the risks of material misstatement of the stand-alone financial statements, whether due to fraud or error; design, and perform countermeasures for assessed risks; and obtain evidence that is sufficient and appropriate to provide a basis of audit 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.

2. 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 internal control effective in ICHIA TECHNOLOGIES INC.

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

4. Conclude the appropriateness of the use of the going concern basis of accounting by the management, and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on ICHIA TECHNOLOGIES INC. to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the stand-alone financial statements or, if such disclosure is inappropriate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause ICHIA TECHNOLOGIES INC. to cease as a going concern.

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6. Evaluate the overall presentation, structure, and content of the stand-alone financial statements, including related notes, and whether the stand-alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

7. Obtain sufficient and appropriate audit evidence regarding the financial information or the entities or business activities of ICHIA TECHNOLOGIES INC. to express an opinion on the stand-alone financial statements. We are responsible for the direction, supervision, and performance of the audit of ICHIA TECHNOLOGIES INC. 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 in charge of governance with a statement that we have complied with relevant ethical requirements regarding independence, and communicate with them all relationships and other matters that may reasonably be thought to affect on our independence, and other matters (including related protective measures).

From the matters communicated with those in charge of governance, we determine those matters that were of most significance in the audit of the 2024 stand-alone financial statements of ICHIA TECHNOLOGIES INC. and are therefore the key audit matters. We describe these matters in our auditor’s 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.

Deloitte Touche Tohmatsu Limited

CPA Steven Hsieh

CPA Liu Shu-Lin

Approval No. from the Financial Supervisory Commission: Jin-Guan-Zheng-Shen-Zi No. 1000028068

Approval No. from the Financial Supervisory Commission:

Jin-Guan-Zheng-Shen-Zi No. 1050024633

March 7, 2025

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ICHIA TECHNOLOGIES INC.

Stand-alone Balance Sheet

December 31, 2024 and 2023

Unit: NT$ Thousand

Code 1100 1110 1170 1210 130X 1470 11XX 1535 1550 1600 1755 1760 1840 1975 1990 15XX 1XXX Code 2100 2170 2180 2200 2220 2230 2280 2320 2399 21XX 2541 2542 2580 2670 25XX 2XXX 3110 3200 3310 3320 3350 3300 3490 3500 3XXX	Assets Current asset Cash and cash equivalents (Notes 4 and 6) Financial assets measured at fair value through profit or loss – current (Notes 4 and 7) Accounts receivable - non-related parties (Note 4 and 9) Other receivables – related party (Note 28) Inventory (Notes 4 and 10) Other current assets (Note 15) Total current assets Noncurrent assets Financial assets measured at amortized cost – non-current (Notes 4 and 8) Investment accounted for under the equity method (Notes 4 and 11) Property, plant and equipment (Notes 4 and 12) Right-of-use assets (Notes 4 and 13) Investment property (Notes 4 and 14) Deferred income tax assets (Notes 4 and 23) Net defined benefit assets -non-current (Notes 4 and Note 19) Other non-current assets (Note 15) Total non-current assets Total assets Liabilities and equity Current liabilities Short-term loans (Notes 4 and 16) Accounts payable – non-related parties (Note 17) Accounts payable –-related parties (Note 17 and 28) Other payables (Note 18) Other payables – related party (Note 28) Income tax liabilities in current period (Note 23) Lease liabilities - current (Notes 4 and 13) Long-term borrowings due within one year (Notes 4 and 16) Other current liabilities (Note 18) Total current liabilities Non-current liabilities Long-term loans (Notes 4 and 16) Long-term notes payable (Note 16) Lease liabilities non-current (Notes 4 and 13) Other non-current liabilities (Note 18) Total non-current liabilities Total liabilities Equity (Note 20) Common stock Capital surplus Retained earnings Legal reserve Special reserve Undistributed earnings Total retained earnings Other equities Treasury stock Total equity Total liabilities and equity		December 31, 2024 Amount % $ 882,600 7 40,107 1 2,659,395 22 13,160 - 124,073 1 26,799 - 3,746,134 31 102,564 1 7,636,921 62 427,664 4 2,791 - 296,922 2 20,734 - 27,619 - 17,806 - 8,533,021 69 $ 12,279,155 100 $ 950,000 8 113,726 1 2,578,754 21 93,474 1 567,180 4 31,245 - 2,197 - - - 4,228 - 4,340,804 35 700,000 6 199,801 2 635 - 43,502 - 943,938 8 5,284,742 43 3,075,366 25 2,151,717 18 690,572 6 320,345 2 828,700 7 1,839,617 15 8,320 ) - 63,967 ) ( 1 ) 6,994,413 57 $ 12,279,155 100	December 31, 2024 Amount % $ 882,600 7 40,107 1 2,659,395 22 13,160 - 124,073 1 26,799 - 3,746,134 31 102,564 1 7,636,921 62 427,664 4 2,791 - 296,922 2 20,734 - 27,619 - 17,806 - 8,533,021 69 $ 12,279,155 100 $ 950,000 8 113,726 1 2,578,754 21 93,474 1 567,180 4 31,245 - 2,197 - - - 4,228 - 4,340,804 35 700,000 6 199,801 2 635 - 43,502 - 943,938 8 5,284,742 43 3,075,366 25 2,151,717 18 690,572 6 320,345 2 828,700 7 1,839,617 15 8,320 ) - 63,967 ) ( 1 ) 6,994,413 57 $ 12,279,155 100		December 31, 2023	December 31, 2023	December 31, 2023
			Amount $ 882,600 40,107 2,659,395 13,160 124,073 26,799 3,746,134 102,564 7,636,921 427,664 2,791 296,922 20,734 27,619 17,806 8,533,021 $ 12,279,155 $ 950,000 113,726 2,578,754 93,474 567,180 31,245 2,197 - 4,228 4,340,804 700,000 199,801 635 43,502 943,938 5,284,742 3,075,366 2,151,717 690,572 320,345 828,700 1,839,617 8,320 ) 63,967 ) 6,994,413 $ 12,279,155			Amount $ 833,079 40,064 2,023,202 42,925 54,659 26,589 3,020,518 13,389 6,055,809 448,350 3,721 299,848 11,073 24,374 21,135 6,877,699 $ 9,898,217 $ 460,000 85,334 1,941,315 88,787 531,197 29,862 2,135 122,489 2,432 3,263,551 222,511 199,799 1,624 4,200 428,134 3,691,685 3,075,366 2,086,436 643,458 208,624 633,415 1,485,497 320,345 ) 120,422 ) 6,206,532 $ 9,898,217		%
		( (		(	( (		( (	8 - 21 1 1 - 31 - 61 5 - 3 - - - 69 100 5 1 20 1 5 - - 1 - 33 2 2 - - 4 37 31 21 7 2 6 15 3 ) 1 ) 63 100

The attached notes are part of the stand-alone financial statements.

Chairman: HUANG CHIU YUNG Manager: Tseng Kung-Sheng

Accounting officer: Cheng Ching-Yi

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ICHIA TECHNOLOGIES INC.

Stand-alone Comprehensive Income Statement

January 1 to December 31, 2024 and 2023

Unit: NTD thousands; earnings per share: NTD dollar

Code Operating revenues 4110 Sales revenue (Note 4, 21 and 28) 4170 Sales return 4190 Sales discount 4000 Total operating revenue 5000 Operating cost (Note 4, 10, 22 and 28) 5900 Operating gross profits Operating expenses (Note 22 and 28) 6100 Promotional expenses 6200 Administrative expenses 6300 R&D expenses 6450 Expected credit impairment loss 6000 Total operating expenses 6900 Operating income Non-operating incomes and expenses (Notes 22 and 28) 7100 Interest incomes 7190 Other incomes 7020 Other gains and losses 7050 Financial costs 7070 Share of profit/loss of subsidiaries under the equity method 7000 Total non-operating incomes and expenses	2024		% 101 - 1 ) 100 93 7 2 3 - - 5 2 - - - - 10 10	2023
	Amount $ 6,373,346 ( 21,509) ( 50,368 ) 6,301,469 5,901,867 399,602 115,980 166,241 27,586 ( 5,557 ) 304,250 95,352 13,747 30,271 28,929 ( 30,161) 597,829 640,615			Amount $ 5,824,615 ( 16,055) ( 31,553 ) 5,777,007 5,447,010 329,997 89,560 154,271 37,655 1,683 283,169 46,828 10,477 27,164 16,639 ( 15,809) 405,304 443,775		%
		(			(	101 - 1 ) 100 94 6 1 3 1 - 5 1 - - - - 7 7

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Code 7900 Net profits before tax 7950 Income tax expenses (Notes 4 and 23) 8200 Net profits for the year Other comprehensive income 8310 Titles not reclassified to profit or loss: 8311 Remeasurement of defined benefit plan (Note 19) 8316 Unrealized gains/losses on valuation of investments in equity instruments at fair value through other comprehensive income or loss 8360 Titles likely to be reclassified to profit or loss subsequently: 8361 Exchange differences in the financial statement translation of foreign operations 8300 Other comprehensive income in the year (net after tax) 8500 Total comprehensive income in the year Earnings per share (Note 24) 9710 Basic 9810 Diluted		2024		% 12 1 ) 11 - - 5 5 16		2023
		Amount $ 735,967 24,753 ) 711,214 2,993 - 312,025 315,018 $ 1,026,232 $ 2.36 $ 2.35						%
	(		(				( (	8 - 8 - - 2 ) 2 ) 6

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The attached notes are part of the stand-alone financial statements.

Chairman: HUANG CHIU Manager: Tseng Kung-Sheng Accounting officer: Cheng YUNG Ching-Yi

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ICHIA TECHNOLOGIES INC.

Stand-alone Statement of Changes in Equity January 1 to December 31, 2024 and 2023

Unit: NT$ Thousand

Code A1 Balance as of January 1, 2023 Allocation and distribution of earnings in 2022 B1 Legal reserve B17 Reversal of special reserve B5 Cash dividend for shareholders L3 Transfer of treasury stock to employees N1 Share-based payment D1 Net profit in 2023 D3 Other comprehensive income after tax in 2023 D5 Total comprehensive income in 2023 Z1 Balance as of December 31, 2023 Allocation and distribution of earnings in 2023 B1 Legal reserve B3 Earnings set aside as a special reserve B5 Cash dividend for shareholders L3 Transfer of treasury stock to employees N1 Share-based payment D1 Net profit in 2024 D3 Other comprehensive income after tax in 2024 D5 Total comprehensive income in 2024 Z1 Balance as of December 31, 2024 Chairman: HUANG CHIU YUNG	Common stock Number of shares (thousand shares) Amount Capitalsurplus 307,536 $ 3,075,366 $ 2,054,098 - - - - - - - - - - - ( 123 ) - - 32,461 - - - - - - - - - 307,536 3,075,366 2,086,436 - - - - - - - - - - - ( 169 ) - - 65,450 - - - - - - - - - 307,536 $ 3,075,366 $ 2,151,717 The attached notes Manager: Tseng Kung-Sheng	Common stock Number of shares (thousand shares) Amount Capitalsurplus 307,536 $ 3,075,366 $ 2,054,098 - - - - - - - - - - - ( 123 ) - - 32,461 - - - - - - - - - 307,536 3,075,366 2,086,436 - - - - - - - - - - - ( 169 ) - - 65,450 - - - - - - - - - 307,536 $ 3,075,366 $ 2,151,717 The attached notes Manager: Tseng Kung-Sheng		Retained earnings
	Number of shares (thousand shares) 307,536 - - - - - - - - 307,536 - - - - - - - - 307,536
			are

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ICHIA TECHNOLOGIES INC.

Stand-alone Cash Flow Statement

January 1 to December 31, 2024 and 2023

Code Cash flow from operating activities A10000 Profit before tax in the year A20010 Profit and loss items A20300 (Reversal) of expected credit impairment loss A20100 Depreciation expense A20400 Net gains on financial assets / liabilities measured at fair value through profit or loss A20900 Financial costs A21200 Interest incomes A21900 Compensation cost of employee share options A23700 Inventory devaluation and obsolescence loss A23800 Inventory devaluation and gain from price recovery A22400 Share of profit/loss of subsidiaries recognized under the equity method A22500 Gain on disposal of property, plant and equipment A30000 Net changes in operating assets and liabilities A31150 Accounts receivable A31180 Other receivables A31200 Inventories A31240 Other current assets A31990 Other operating assets A32125 Contract liabilities A32150 Accounts payable A32180 Other payables A32230 Other current liabilities A33000 Cash generated from operations A33100 Interest received A33300 Interest paid A33500 Refunded (paid) income tax AAAA Net cash inflow from operating activities Cash flows from investment activities B00040 Acquisition of financial assets measured at amortized cost B00100 Acquisition of financial assets measured at fair value through profit and loss	2024 $ 735,967 ( 5,557 ) 55,573 ( 503 ) 30,161 ( 13,747 ) 35,942 1,729 - ( 597,829 ) ( 2,297 ) ( 630,636 ) 29,765 ( 71,143 ) ( 458 ) ( 252 ) - 665,831 3,778 1,796 238,120 13,995 ( 29,451 ) ( 33,031 ) 189,633 ( 89,175 ) ( 120,000 )	Unit: NT$ Thousand 2023
		$ 490,603 1,683 66,685 ( 356 ) 15,809 ( 10,477 ) 25,062 - ( 6,027 ) ( 405,304 ) ( 50 ) 21,010 ( 12,658 ) 19,335 ( 6,892 ) ( 176 ) ( 1,404 ) ( 61,298 ) 8,991 ( 5,012 ) 139,524 10,259 ( 15,793 ) 389 134,379 ( 1,165 ) ( 80,000 )

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Code B00200 Disposal of financial assets measured at fair value through profit or loss B02200 Acquisition of shares of subsidiaries B02700 Purchase of property, plants, and equipment B02800 Disposal of property, plant, and equipment B03700 Increase in refundable deposit B03800 Decrease in refundable deposit B06800 Decrease in other non-current assets B07100 Increase in prepayments for equipment B07200 Decrease in prepayments for equipment BBBB Net cash outflow from investment Cash flow from financing activities C00100 Increase in short-term loans C00200 Decrease in short-term loans C01600 Borrowing of long-term loans C01700 Repayment of long-term loans C01800 Increase in long-term note payables C01900 Decrease in long-term note payables C03700 Other payables - increase in related parties C03800 Other payables – decrease in related parties C04020 Repayment of principal for lease C04500 Distribution of cash dividends C04900 Payment of treasury stock trading costs C05000 Transfer of treasury stock to employees CCCC Net cash inflow (outflow) from financing activities EEEE Net increase (decrease) in cash and cash equivalents E00100 Balance of cash and cash equivalents - beginning of the year E00200 Balance of cash and cash equivalents - end of year	2024 $ 120,460 ( 641,750 ) ( 39,983 ) 56,150 ( 799 ) - 77 - 175 ( 714,845 ) 6,420,000 ( 5,930,000 ) 700,000 ( 345,000 ) 200,000 ( 199,799 ) 35,983 - ( 2,650 ) ( 360,087 ) ( 169 ) 56,455 574,733 49,521 833,079 $ 882,600	2023
		$ 100,374 ( 16,265 ) ( 17,273 ) - - 1,492 193 ( 9,874 ) - ( 22,518 ) 2,650,000 ( 2,590,000 ) - - 200,000 ( 199,980 ) - ( 86 ) ( 2,761 ) ( 297,537 ) ( 123 ) 40,906 ( 199,581 ) ( 87,720 ) 920,799 $ 833,079

The attached notes are part of the stand-alone financial statements.

Chairman: HUANG CHIU YUNG Manager: Tseng Kung-Sheng Accounting officer: Cheng Ching-Yi

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ICHIA TECHNOLOGIES INC.

Notes to the stand-alone financial statements

January 1 to December 31, 2024 and 2023

(Amounts NTD thousand, unless otherwise stated)

I. Company History

ICHIA TECHNOLOGIES INC. (hereinafter referred to as the Company) was established in November 1989 to manufacture, process, and trade various components (conductive silicone elastomers, plastic keys, keyboard assemblies, input devices, and flexible printed circuit boards) and materials for electronics, home appliances, electronical engineering, electrical equipment, communications (telecommunications), and computers, as well as to import and export domestic and foreign products and to engage in the agency, distribution, tender and quotation business.

The Company’s shares have been listed on the Taiwan Stock Exchange since January 14, 2000.

The stand-alone financial statements are presented in New Taiwan dollars (NTD), which is the functional currency of the Company.

II. Date and Procedure for Approval of Financial Statements

The stand-alone financial statements were approved by the Board of Directors on March 7, 2025.

III. Application of New and Revised Standards and Interpretations

• (i) Initial application of International Financial Reporting Standards (“IFRSs”), International Accounting Standards (“IAS”), Interpretations (“IFRICs”) and Interpretations (“SICs”) (hereinafter referred to as “IFRSs”) endorsed by the Financial Supervisory Commission (“FSC”) and issued to be effective

The adoption of the amended IFRSs endorsed and issued into effect by the FSC will not result in significant changes in the Company’s accounting policies:

(ii) FSC-approved IFRS Accounting Standards to be applied in 2025

The new/amended/revised standards or Effective date of IASB interpretations publication

Amendments to IAS 21 "Lack of Exchangeability" January 1, 2025 (Note 1) Amendments to IFRS 9 and IFRS 7 “Classification January 1, 2026 (Note 2) and Measurement of Financial Instruments” regarding the classification and measurement of financial instruments

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• Note 1: Applicable to the annual reporting periods beginning after January 1, 2025. At the initial application of the amendment, comparative periods shall not be restated. Instead, the impact should be recognized in retained earnings or the cumulative translation adjustment of foreign operations (as applicable) and the related affected assets and liabilities as of the initial application date.

• Note 2: Applicable to annual reporting periods beginning on or after January 1, 2026, with earlier application permitted on January 1, 2025. When an amendment is initially adopted, retrospective application is required, but comparative periods do not need to be restated. Instead, the impact of the initial adoption is recognized on the date of first application However, if an entity is able to restate without the use of hindsight, it may elect to restate comparative periods.

• (iii) The IFRSs released by the IASB but not yet endorsed and issued into effect by the FSC

comparative periods. The IFRSs released by the IASB but not yet endorsed FSC	and issued into effect by the
The new/amended/revised standards or interpretations "IFRS Annual Improvements - Volume 11" Amendments to IFRS 9 and IFRS 7 “Classification and Measurement of Financial Instruments” regarding liability derecognition Amendments to IFRS 9 and IFRS 7 “Contracts referencing nature-dependent electricity”. Amendment to IFRS 10 and IAS 28 “Sale or Contribution of Assets between an Investor and its Associate or Joint Venture” IFRS 17 “Insurance Contracts” Amendment to IFRS 17 Amendment to IFRS 17, “Initial Application of IFRS 17 and IFRS 9 - Comparative Information” IFRS 18 "Presentation and Disclosure in Financial Statements" IFRS 19 "Subsidiaries without Public Accountability: Disclosures "	Effective date of IASB publication (Note 1)
	January 1, 2026 January 1, 2026 January 1, 2026 To be determined January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2027 January 1, 2027

Note 1: Unless otherwise stated, the aforementioned new/amended/revised standards or interpretation are effective for annual reporting periods beginning after the respective dates.

IFRS 18 "Presentation and Disclosure in Financial Statements"

IFRS 18 will replace IAS 1 "Presentation of Financial Statements." The main changes in this standard include:

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• The income statement should categorize income and expense items into operating, investing, financing, income tax, and discontinued operations.

• The income statement shall be reported as operating income, pre-tax income before financing, and the sum and total of profit and loss.

• Provide guidelines to enhance aggregation and segmentation requirements: The Company must identify assets, liabilities, equity, income, expenses, and cash flows arising from individual transactions or other events, and classify and aggregate them based on common characteristics, ensuring that each line item reported in the primary financial statements possesses at least one similar characteristic. Items that are dissimilar from other items should be disaggregated. The Company only labels such items as "other" when no more informative label can be found.

• Increase the disclosure of performance measures defined by management: When the Company engages in public communication outside of financial statements, and when communicating perspective on a specific aspect of the Company’s overall financial performance to users of the financial statements, it should disclose information about performance measures defined by management in a single note to the financial statements. This includes a description of the measure, how it is calculated, a reconciliation with subtotals or totals specified by IFRS accounting standards, and the impact of related reconciliation items on income tax and non-controlling interests.

The Company will continue to evaluate the effect of the amendment to other IFRSs on the financial positions and performance of the Company to the date the parent company only financial statements are approved and released, and will make appropriate disclosure after the evaluation.

IV. Summary of Significant Accounting Policies

(i) Compliance Statement

The stand-alone financial statements were prepared in accordance with the Regulations Governing the Preparation of Financial Statements by Securities Issuers.

• (ii) Basis of preparation

The stand-alone financial statements were prepared on the historical cost basis, except for financial instruments measured at fair value and net defined benefit liabilities recognized at the present value of the defined benefit obligation less the fair value of plan assets.

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The evaluation of fair value could be classified into Level 1 to Level 3 by the observable intensity and importance of the related input value:

1. Level 1 input value: refers to the quotation of the same asset or liability in an active market as of the evaluation date (before adjustment).

2. Level 2 input value: refers to the direct (the price) or indirect (inference of price) observable input value of asset or liability further to the quotation of Level 1.

3. Level 3 input value: the unobservable input value of asset or liability.

The Company when preparing the stand-alone financial statements processes the investment in subsidiaries and associates using the equity method. In order to make the same the current profit or loss, other comprehensive income and equity in the stand-alone financial statements as the current year’s profit or loss, other comprehensive income and equity attributable to the owners of the Company in the consolidated financial statements, certain accounting differences between the stand-alone basis and consolidated basis are adjusted for “investments accounted for using the equity method,” “profit or loss share of subsidiaries, affiliates and joint ventures accounted for using the equity method”, “other comprehensive income share of subsidiaries, affiliates and joint ventures accounted for using the equity method” and related equity items.

• (iii) Standards in differentiating current and noncurrent assets and liabilities Current assets include:

• Assets held primarily for trading purposes;

• Assets expected to be realized within 12 months of the balance sheet date; and

• Cash and cash equivalents (excluding those restricted from being exchanged or settled more than 12 months after the balance sheet date).

Current liabilities include:

1. Liabilities held primarily for trading purposes;

2. Liabilities due for settlement within 12 months after the balance sheet date, and

3. Liabilities for which there is no substantive right to defer settlement beyond the balance sheet date to at least 12 months after the balance sheet date.

Those that are not current assets or liabilities above are classified as noncurrent assets or liabilities.

• (iv) Foreign currency

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For the transactions conducted in a currency other than the business entity’s functional currency (foreign currency), it is to be translated to the functional currency in accordance with the exchange rate on the transaction date when preparing financial statements.

Foreign currency monetary items are translated at the closing rate on each balance sheet date. The exchange differences arising from the settlement of monetary items or translating monetary items are recognized in the current profit or loss, except for the following.

When a monetary item receivable from or payable to a foreign operation, the settlement of which is neither planned nor likely to occur in the foreseeable future (and therefore forms part of the net investment in the foreign operation), the exchange difference is recognized initially in other comprehensive income and is reclassified from equity to profit or loss upon disposal of the net investment. The foreign non-currency items measured at fair value are translated in accordance with the exchange rate on the fair value determination date and the exchange difference is booked as profit or loss in the period. However, for the changes in fair value recognized in other comprehensive income, the exchange difference is recorded in other comprehensive income.

The foreign non-currency items measured at historical cost are translated in accordance with the exchange rate on the transaction date without the need for a translation again.

Upon preparation of the stand-alone financial reports, the assets and liabilities of overseas operating institutions (including the subsidiaries and affiliates in the countries of business operation or those using currencies different from the Company’s) were converted to NTD based on the exchange rate quoted on every balance sheet date. Income and expense items are translated at the average exchange rate for the period and the exchange differences are booked in other comprehensive income.

If the Company disposes of its entire equity interest in a foreign operation, or disposes of part of its equity interest in a subsidiary that includes a foreign operation and loses control, or the retained equity interest after disposing of a joint agreement of a foreign operation or an affiliate is a financial asset and is accounted for as a financial instrument., all cumulative translation differences related to the foreign operation are reclassified to profit or loss.

• 18 -

If the partial disposal of a foreign operating subsidiary does not result in a loss of control, the accumulated exchange differences are included in equity transactions on a pro rata basis, but are not recognized in profit or loss. In the case of any other partial disposal of foreign operations, the cumulative exchange differences are reclassified to profit or loss in proportion to the disposal.

(v) Inventories

Inventories include raw materials, semi-finished goods, finished goods, work in process and in-transit. Inventories are valued in accordance with the lower of cost or net cash value. When comparing cost and net cash value, except for the homogeneous inventories, it is based on the itemized lower of cost or net cash value. Net realizable value refers to the estimated sale price under normal circumstances net of the estimated cost needed to complete the project and the estimated expenses needed to complete the sale. Inventories are valued at standard costs before book closing and adjusted upon book closing to approximate cost calculated on a weighted-average basis.

(vi)Investments in subsidiaries

The Company adopts the equity method for investment in subsidiaries. A subsidiary is an entity (including a structured entity) over which the Company has control.

Under the equity method, investments in subsidiaries are originally recognized at cost; the book value after the acquisition date fluctuates along with the distribution of profit or loss from the subsidiaries and other comprehensive income by the Company. Additionally, the change in the interests the Company holds in subsidiaries is recognized pro rata to the shareholding percentages.

When a change in the Company’s ownership interest in a subsidiary does not result in a loss of control, it is treated as an equity transaction. The difference between the carrying amount of the investment and the fair value of the consideration paid or received is recognized directly in equity.

When the Company’s share of losses in a subsidiary equals or exceeds its interest in the subsidiary (including the carrying amount of the subsidiary under the equity method and other long-term interests that are in substance a component of the Company’s net investment in the subsidiary), the Company continues to recognize losses in proportion to its equity in the subsidiary.

• 19 -

The excess of the acquisition cost over the Company’s share of the net fair value of the identifiable assets and liabilities of the subsidiaries at the acquisition date is recorded as goodwill, which is included in the carrying amount of the investment and is not amortized; the excess of the Company’s share of the net fair value of the identifiable assets and liabilities of the subsidiaries at the acquisition date over the acquisition cost is recorded as gain or loss for the period. When a subsidiary that does not constitute a business is acquired, the cost of acquisition is appropriately allocated to the identifiable assets acquired (including intangible assets) and the share of liabilities assumed, and no goodwill or current profit is generated.

The Company assesses impairment based on the cash-generating units as a whole in the financial statements and compares their recoverable amounts with their book values. If the amount of recoverable assets increases in the future, the reversal of impairment shall be recognized as income. The book value of the reversal of impaired assets shall not exceed the book value before recognition for impairment net of amortization. Impairment losses attributable to goodwill must not be reversed in subsequent periods.

When control over a subsidiary is lost, the Company measures its remaining investment in the subsidiary at fair value at the date of loss of control. The difference between the fair value of the remaining investment and the carrying amount of the investment at the date of loss of control, if any, is recognized in profit or loss for the period. In addition, all amounts recognized in other comprehensive income related to the subsidiary are accounted for on the same basis as if the Company had directly disposed of the related assets or liabilities.

Unrealized gains or losses on downstream transactions with subsidiaries are eliminated in the stand-alone financial statements. Gains or losses from upstream and side-stream transactions with subsidiaries are recognized in the stand-alone financial statements only to the extent that they are not related to the Company’s equity interest in the subsidiary.

(vii) Property, plant and equipment

Property, plant, and equipment shall be recognized at cost and subsequently measured at cost less accumulated depreciation and accumulated impairment.

Except for land owned by the Company, which is not depreciated, property, plant and equipment are depreciated separately over their useful lives on a straight-line basis for each significant component. The Company reviews the

• 20 -

estimated useful lives, residual values and depreciation methods at least at the end of each year and defers the effect of changes in applicable accounting estimates.

In removing property, plant, and equipment from book, the difference between the net proceeds of disposition and the book value shall be recognized as profit or loss for the period.

(viii) Investment property

An investment property is a property held for earning rent income or for capital appreciation, or both. The investment property includes land held without a definite purpose of use.

The investment property owned by the Company is initially measured based on the cost (including transaction cost) and subsequently measured based on the cost net of accumulated depreciations and accumulated impairment losses.

The investment property is depreciated on the straight line basis.

In removing investment property from the book, the difference between the net proceeds of disposition and the book value shall be recognized as profit or loss.

(ix) Impairment of property, plant and equipment, right-of-use assets, investment property, intangible assets and assets related to contract costs.

The Company assesses at each balance sheet date whether there is any indication that property, plant and equipment, right-of-use assets, intangible assets and assets related to contract costs may have been impaired If any indication of impairment exists, the recoverable amount of the asset is estimated. If the recoverable amount of an individual asset cannot be estimated, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Shared assets are allocated to the smallest group of cash-generating units on a reasonable and consistent basis.

The recoverable amount is the higher of the fair value less costs to sell and its value in use. If the recoverable amount of an asset or cash-generating unit is less than its carrying amount, the carrying amount of the asset or cash-generating unit is reduced to its recoverable amount, and the impairment loss is recognized in profit or loss.

When an impairment loss is subsequently reversed, the carrying amount of the asset or cash-generating unit is increased to the revised recoverable amount, provided that the increased carrying amount does not exceed the carrying amount (net of amortization or depreciation) that would have been determined if the impairment loss

• 21 -

had not been recognized in prior years for that asset or cash-generating unit. Reversal of impairment loss is recognized in profit or loss.

(x) Financial instruments

Financial assets and financial liabilities are recognized in the stand-alone balance sheets when the Company becomes a party to the contracts of such instruments.

For the initial recognition of the financial assets and financial liabilities, if the financial assets or financial liabilities are not measured at fair value through profit or loss, it is measured at fair value plus transaction cost that is directly attributable to the acquisition or issuance of financial assets or financial liabilities. The transaction cost directly attributable to the acquisition or issuance of financial assets or financial liabilities that are measured at fair value through profit or loss is immediately recognized in profit or loss.

1. Financial assets

The customary transaction of financial assets is recognized and derecognized in accordance with the trade date accounting.

• (1). Type of measurement

The types of financial assets held by the Company are financial assets measured at fair value through profit or loss and at amortized cost as well as investment in equity instruments measured at fair value through other comprehensive income.

• A. Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss include financial assets that are mandatorily measured at fair value through profit or loss and those designated as at fair value through profit or loss. Financial assets mandatorily measured at fair value through profit or loss include investments in equity instruments not designated by the Company as being measured at fair value through other comprehensive income, and investments in debt instruments not qualified for classification as being measured at amortized cost or at fair value through other comprehensive income.

Financial assets at fair value through profit or loss are measured at fair value, which is determined as described in Note 28. B. Financial assets at amortized cost

• 22 -

The Company’s financial assets, if meeting both of the following conditions, are classified as financial assets at amortized cost:

• a. Financial assets held under a particular mode of operation and the purpose of holding is for the collection of contractual cash flows; and

• b. The terms of the contracts give rise to cash flows at specified dates that are solely for the payment of principal and interest on the outstanding principal amount.

Financial assets (including cash and cash equivalents, accounts receivable measured at amortized cost) after initial recognition, are measured at their total carrying amount determined using the effective interest method, less amortized cost of any impairment loss, with any foreign currency exchange gain or loss recognized in profit or loss.

Interest income is calculated by multiplying the effective interest rate by the total carrying amount of the financial assets, except for the following two cases:

• a. Interest income on financial assets that are credit-impaired upon acquisition or creation is calculated using the credit-adjusted effective interest rate multiplied by the amortized cost of the financial assets.

• b. Interest income on financial assets that are not credit-impaired upon acquisition or creation but become credit-impaired subsequently is calculated using the effective interest rate multiplied by the amortized cost of the financial assets from the next reporting period after the impairment.

Cash equivalents include time deposits that are highly liquid, readily convertible into fixed amount of cash with minimal risk of changes in value within 3 months from the acquisition date and are used to meet short-term cash commitments.

• c. Investment in equity instruments measured at fair value through other comprehensive income

At initial recognition, the Company may make an irrevocable selection to measure the investment in equity instruments held not for

• 23 -

trading and not recognized by the acquirer in a business merger or with consideration at fair value through other comprehensive income.

Investment in equity instruments measured at fair value through other comprehensive income is measured at fair value. Subsequent changes in the fair value are recognized in other comprehensive income and accumulated in other equity. For disposal of the investment, any cumulative profits or losses are directly transferred to retained earnings and not reclassified as profit or loss.

After the Company’s right to receive dividends is determined, the dividends of investment in equity instruments measured at fair value through other comprehensive income are recognized in profit or loss except that such dividends apparently represent a partial return of the investment cost.

(2). Impairment of financial assets and contract assets

The Company assesses impairment losses on financial assets measured at amortized cost (including accounts receivable) based on expected credit loss on each balance sheet date.

An allowance for losses is recognized for accounts receivable based on the expected credit loss over the duration. Other financial assets shall be evaluated for any significant increase of risk from the day of initial recognition. If none is found, recognize for provision for anticipated credit loss along a period of 12 months. If it is, recognize for provision of anticipated credit risk within the lifetime of the assets.

Anticipated credit loss is the weighted average loss of credit on the basis of the weight of the risk of default. Anticipated credit loss in a period of 12 months means the expected loss of credit from the financial instruments within 12 months due to default. Anticipated credit loss with the lifetime of the financial instruments means the expected loss of credit from the financial instruments within the lifetime of these financial instruments.

All impairment losses on financial assets are accounted for by reducing the carrying amount through an allowance account. (3). The derecognition of financial assets

• 24 -

The Company has financial assets derecognized only when the contractual rights from the cash flows of a financial asset become invalid or when the financial assets are transferred, and almost all the risks and rewards of the asset ownership have been transferred to other enterprises.

When a particular entry of financial assets measured at amortized cost is removed, the difference between its book value and consideration shall be recognized as profit or loss.

2. Financial liabilities

• (1). Subsequent measurement

All financial liabilities are measured at amortized cost using the effective interest method, except for the following.

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss comprise financial liabilities held for trading and those designated as at fair value through profit or loss.

• (2). Derecognition of financial liabilities

When derecognizing financial liabilities, the difference between the book amount and the consideration paid (including any transferred non-cash assets or assumed liabilities) is recognized as profit or loss. 3. Derivatives

The derivatives entered into by the Company include forward exchange contracts, which are used to manage the Company’s exchange rate risk.

Derivatives are initially recognized at fair value when the derivative contracts are entered into and subsequently remeasured at fair value at the balance sheet date. Gains or losses arising from subsequent measurements are recognized directly in profit or loss, except for derivatives designated as effective hedging instruments, for which the point of recognition in profit or loss will depend on the nature of the hedging. When the fair value of the derivatives is positive, it is classified as a financial asset; when the fair value is negative, it is classified as a financial liability.

For derivatives embedded in asset master contracts within the scope of IFRS 9 “Financial Instruments”, the classification of financial assets shall be determined based on the overall contract. A derivative is considered to be a separate derivative if it is embedded in an asset master contract that is not

• 25 -

within the scope of IFRS 9 (e.g., embedded in a master contract of a financial liability) and the embedded derivative meets the definition of a derivative, the risks and characteristics of which are not closely related to those of the master contract and the hybrid contract is not measured at fair value through profit or loss.

• (xi) Revenue recognition

The Company allocates the transaction price to each performance obligation after the performance obligation is identified in the customer contract and recognizes revenue when each performance obligation is satisfied.

Merchandise sales revenues

Merchandise sales revenues are derived from sales of electronic parts and components. The Company recognizes revenues and accounts receivable at the point when the products arrive at the customer’s designated location because the customer has the right to determine resale prices and use the products and has the primary responsibility for re-selling the products and bears the risk of obsolescence.

When materials are supplied to subcontractors for processing, the control and the ownership of the processed products have not been transferred, so revenues are not recognized for the materials supplied.

(xii)

Lease

The Company assesses whether a contract is (or contains) a lease at the contract inception date.

1. The Company is the lessor

A lease is classified as a capital lease when the terms of the lease transfer substantially all the risks and rewards incidental to the ownership of the asset to the lessee. All other leases are classified as operating leases.

For an operating lease, the net lease payments of the lease incentives are recognized as income on a straight-line basis over the relevant lease periods. The original direct cost incurred in acquiring an operating lease is added to the carrying amount of the subject asset and recognized as an expense on a straight-line basis over the lease period.

1. The Company is the lessee

Except for the low-value leased assets entitled to exemption and lease payments for short-term leases recognized as expenses on a straight-line basis

• 26 -

over the lease period, the right-of-use assets and lease liabilities of other leases are recognized starting from the lease commencement date.

The right-of-use assets are initially measured at cost (including the original measured amount of lease liability, the lease payment paid before the lease commencement date net of the lease incentives collected, the original direct costs, and the estimated cost of the recovered underlying assets), and then subsequently measured at the net cost of the accumulated depreciation and accumulated impairment loss; also, the remeasured amount of the lease liability is adjusted. Right-of-use assets are expressed separately in the stand-alone balance sheet.

The right-of-use assets are depreciated on a straight-line basis over the period starting from the lease commencement date to the end of their useful life or the expiration of the lease period, whichever is sooner.

Lease liabilities are measured initially at the present value of lease payments (including fixed benefits). If the implied interest rate of the lease is readily determinable, the lease payments are discounted using that rate. If said lease implied interest rate is not easy to determine, the lease payment is discounted at the lessee’s incremental borrowing rate of interest.

Subsequently, the lease liability is measured according to the effective interest method and the amortized cost; also, the interest expense is amortized over the lease period. If a change in the lease period results in a change in future lease payments, the Company remeasures the lease liability and adjusts the right-of-use asset accordingly. However, if the carrying amount of the right-of-use asset is reduced to zero, the remaining remeasurement amount is recognized in profit or loss. Lease liabilities are expressed separately in the stand-alone balance sheet.

(xiii) Cost of borrowing

Borrowing costs directly attributable to acquiring, building or producing assets that meet the requirements are part of the costs of such assets until the completion of all necessary activities have achieved their intended use or sale condition.

The income of a temporary investment with a specific loan that has not yet met the essential requirement of capital expenditure is deducted from the loan cost that meets the essential requirement of capitalization.

• 27 -

In addition to the above, all other loan costs are recognized as profit and loss upon occurring.

(xiv) Government subsidies

Government subsidies are recognized only when it is reasonably certain that the Company will comply with the conditions attached to the government subsidies and that the subsidies will be received.

Government subsidies related to revenues are recognized in other income on a systematic basis over the period in which the related costs for which they are intended to compensate are recognized as expenses by the Company.

Government subsidies are recognized in profit or loss in the period in which they become collectible if they are intended to compensate for expenses or losses already incurred or to provide immediate financial support to the Company and have no future related costs.

• (xv) Employee benefits

• Short-term employee benefits

Liabilities related to short-term employee benefits are measured at the non-discounted amount expected to be paid in exchange for employee services. 2. Post-employment benefits

Under the defined contribution pension plan, the pension amount appropriated during the service years of the employees is recognized as an expense.

The defined benefit cost (including service cost, net interest and remeasurement) of the defined benefit pension plan is actuarially determined using the projected unit credit method. Service cost (including current service cost) and net interest on net defined benefit liabilities (assets) are recognized as employee benefit expense as incurred. Remeasurements (including actuarial gains and losses and return on plan assets, net of interest) are recognized in other comprehensive income and included in retained earnings as incurred and are not reclassified to profit or loss in subsequent periods.

The net defined benefit liability (asset) represents the deficit (remaining) of the defined benefit pension plan appropriation. The net defined benefit asset may not exceed the present value of refunds of appropriations from the plan or reductions in future appropriations.

(xvi) Income tax

• 28 -

Income tax expense is the sum of the current income tax and deferred income

tax.

1. Income tax for the period

Additional income tax on unappropriated earnings calculated in accordance with the Republic of China Income Tax Act is recognized in the year in which resolutions are made at the shareholder meeting.

The adjustment to prior years’ income tax payable is booked as current period’s income tax.

1. Deferred tax

Deferred tax is calculated on temporary differences between the carrying amounts of assets and liabilities and the tax bases used to compute taxable income. Deferred tax liabilities are generally recognized for all taxable temporary differences, while deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which income tax credits can be utilized, such as deductions for temporary differences, loss carryforwards and investment tax credits.

Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries, affiliates and joint ventures, except where the Company can control the timing of the reversal of the temporary differences and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets are recognized for deductible temporary differences associated with such investments only to the extent that it is probable that sufficient taxable income will be available to allow the temporary differences to be realized and to the extent that a reversal is expected in the foreseeable future.

The carrying amount of deferred tax assets is reviewed on each balance sheet date and reduced to the extent that it is no longer probable that sufficient tax assets will be available to allow recovery of all or part of the asset, and part of the asset should be adjusted down. Deferred tax assets that are not recognized as such initially are reviewed on each balance sheet date and the carrying amount is increased to the extent that it is probable that future taxable income will be available to recover all or part of the assets.

• 29 -

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the liability is settled or the asset is realized, which are based on tax rates and tax laws that have been legislated or substantively legislated on the balance sheet date. The measurement of deferred income tax liabilities and assets reflects the tax consequence resulting from the book value of the assets or liabilities expected by the Company to be recovered or liquidated on the balance sheet date.

3. Current and deferred income tax

Current and deferred income taxes are recognized in the profit or loss, except for the current and deferred income taxes related to the items recognized in other comprehensive income or directly included in the equity, which are respectively recognized in other comprehensive income or directly included in the equity.

V. Significant Accounting Judgments and Estimations, and Main Sources of Assumption Uncertainties

When adopting accounting policies, the Company’s management is required to make judgments, estimates and assumptions that are based on historical experience and other factors that are not readily apparent from other sources Actual results may differ from estimates.

As consideration for the consideration for significant accounting estimates, the management will review the estimates and basic assumptions on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised if they affect only that period. The revisions are recognized in the period of the revisions and future periods if they affect both current and future periods.

VI. Cash and cash equivalents

Cash and cash equivalents
Cash on hand and revolving funds Bank checking accounts and demand deposits Cash equivalents (investments with an original maturity of less than 3 months) Bank time deposits	December 31, 2024 NT$ 30 561,112 321,458 NT$ 882,600	December 31, 2023
		NT$ 35 495,289 337,755 NT$ 833,079

The interest rate ranges for bank deposits as of the balance sheet date were as follows:

• 30 -

Bank demand deposits Bank time deposits	December 31, 2024 0.01%～0.8% 1.46%～4.2%	December 31, 2023
		0.01%～0.73% 5.10%～5.50%

VII. Financial instruments at fair value through profit or loss

Financial assets-current Mandatorily measured at fair value through profit or loss Non-derivative financial assets - Fund beneficiary certificates Financial assets at amortized cost Non-current Pledge of time deposits (1) Restricted foreign exchange deposits with offshore funds (ii)	December 31, 2024 NT$ 40,107 December 31, 2024 NT$ 3,187 99,377 NT$ 102,564	December 31, 2023
		NT$ 40,064 December 31, 2023
		NT$ 3,187 10,202 NT$ 13,389

VIII. Financial assets at amortized cost

• (i) As of December 31, 2024 and 2023, the interest rate ranges for pledged time deposits were 1.71% and 1.59% per annum, respectively.

• (ii) On August 26, 2020, the Company remitted $146,285 thousand (USD 5,000 thousand) in accordance with the “The Management, Utilization, and Taxation of Repatriated Offshore Funds Act” and deposited the net amount after tax in a dedicated account for foreign exchange deposits, as approved by National Taxation Bureau of the Northern Area, Ministry of Finance. The deposits in the dedicated account are subject to restrictions on the free use of the funds as prescribed by law, except for financial investments or real investments and part of the free use of the funds as prescribed by law, which can be withdrawn in three-year increments after five years from the date of deposit in the dedicated account.

• (iii) For information on pledges of financial assets measured at amortized cost, see Note 29.

• IX. Accounts receivable and overdue receivables

December 31, 2024 December 31, 2023 Accounts receivable Measured at amortized cost Total carrying amount NT$2,659,593 NT$2,025,200

• 31 -

Less: Allowance for loss ( 198 ) ( 1,998 ) NT$2,659,395 NT$2,023,202 Overdue receivables Measured at amortized cost Total carrying amount NT$ 48,606 NT $ 52,363 Less: Allowance for loss ( 48,606 ) ( 52,363 ) NT$ - NT$ -		1,998 ) 2,023,202

Accounts receivable

The average credit period of the Company’s merchandise sales is 150 days. In determining the collectability of accounts receivable, the Company considers any changes in the credit quality of the accounts receivable from the original credit grant date to the balance sheet date. To mitigate credit risk, the Company’s management has assigned a dedicated team to be responsible for credit limit determination, credit approval and other monitoring procedures to ensure that 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 at the balance sheet date to ensure that appropriate impairment losses have been recorded for uncollectible accounts receivable. Accordingly, the Company’s management believes that the Company’s credit risk has been significantly reduced.

An allowance for losses is recognized for accounts receivable by the Company based on the expected credit loss over the duration. Expected credit losses for the duration are calculated using an allowance matrix, which takes into account the customer’s past default history and current financial condition, the economic situation of the industry, as well as GDP forecasts and industry outlook. Since the Company’s credit loss history shows that there is no significant difference in the loss patterns of different customer groups, therefore, instead of further differentiating the customer groups, the allowance matrix only sets the expected credit loss rate based on the number of days past due on accounts receivable.

If there is evidence that the counterparty is in serious financial difficulty and the Company cannot reasonably expect to recover the amount, for example, if the counterparty is in liquidation or the debt is overdue for more than 365 days, the Company reclassifies the amount directly to overdue receivable and continues the collection activities, and the amount recovered is offset against the related overdue receivable.

• 32 -

The Company estimated the allowance for losses on accounts receivable based on the allowance matrix as follows:

Accounts receivable

December 31, 2024

Accounts receivable December 31, 2024
Expected credit loss rate Total carrying amount Allowance for loss (Expected credit losses over the duration) Amortized cost December 31, 2023 Expected credit loss rate Total carrying amount Allowance for loss (Expected credit losses over the duration) Amortized cost	Not overdue	Overdue 1 to 180 days 0.03% NT$ 214,543 ( 77 ) NT$ 214,466 Overdue 1 to 180 days 1.49% NT$ 130,683 ( 1,947 ) NT$ 128,736	Overdue 180 to 365 days	Total NT$2,659,593 ( 198 ) NT$2,659,395 Total - NT$2,025,200 ( 1,998 ) NT$2,023,202
	0% NT$2,444,613 - NT$2,444,613 Not overdue		27.68% NT$ 437 ( 121 ) NT$ 316 Overdue 180 to 365 days
	0% NT$1,894,332 - NT$1,894,332		27.57% NT$ 185 ( 51 ) NT$ 134

Information on the changes in the allowance for losses on accounts receivable is as follows:

follows:
Balance at the beginning of the year Add: Provision for impairment loss for the year Less: Reversal of impairment loss for the year Less: Reclassification for the year Balance at the end of the year	2024 NT$ 1,998 - ( 1,499) ( 301 ) NT$ 198	2023
		NT$ 546 4,327 - ( 2,875 ) NT$ 1,998

Information on the changes in the allowance for losses on overdue receivables is as follows:

follows:
Balance at the beginning of the year Add: Reclassification for the year Less: Reversal of impairment loss for the year Balance at the end of the year	2024 NT$52,363 301 ( 4,058 ) NT$48,606	2023
		NT$52,132 2,875 ( 2,644 ) NT$52,363

• 33 -

X. Inventory

entory
Finished goods Semi-finished goods Work in progress Raw materials In-transit	December 31, 2024 NT$ 71,078 479 2,594 26,901 23,021 NT$124,073	December 31, 2023
		NT$ 29,180 970 3,507 17,979 3,023 NT$ 54,659

The nature of cost of goods sold is as follows:

Cost of inventories sold Inventory devaluation loss (gain from price recovery) Others	2024 NT$5,896,520 1,729 3,618 NT$5,901,867	2023
		NT$5,449,891 ( 6,027) 3,146 NT$5,447,010

The increase in net realizable value of inventories was due to the increase in the selling price of certain inventories.

XI. Investments accounted for using the equity method

Investments in subsidiaries

Investments in subsidiaries
ICHIA USA Inc. ICHIA HOLDINGS (B.V.I) Co., Ltd. ICHIA RUBBER INDUSTRY (M) Sdn. Bhd. Vietnam - ICHIA ICHIA TECHNOLOGY - MALAYSIA	December 31, 2024 NT$ 45,086 6,825,255 154,459 12,150 599,971 NT$7,636,921	December 31, 2023
		NT$ 39,503 5,875,222 126,762 14,322 - NT$6,055,809

Subsidiary name ICHIA USA Inc. ICHIA HOLDINGS (B.V.I) Co., Ltd. ICHIA RUBBER INDUSTRY (M) Sdn. Bhd. Vietnam - ICHIA ICHIA TECHNOLOGY - MALAYSIA	Percentage of ownership interest and voting rights	Percentage of ownership interest and voting rights
	December 31, 2024 100% 100% 100% 100% 100%	December 31, 2023
		100% 100% 100% 100% -

• 34 -

The Company's Board of Directors approved the establishment of Vietnam-ICHIA on May 12, 2023. The investment amount is expected to be US$500 thousand; US$16,265 thousand (US$500 thousand) had been invested in October 2023.

On March 11, 2024, the Company's Board of Directors resolved to establish ICHIA TECHNOLOGIES -Malaysia, with an estimated investment amount of US$20,000 thousand. The Company had successively invested US$160,100 thousand (US$5,000 thousand) and US$481,650 thousand (US$15,000 thousand) in April and September, 2024, respectively. On November 11, 2024, the Board of Directors resolved to increase the investment amount to US$70,000 thousand.

Please refer to Note 33 for the details of the Company’s indirect investment in subsidiaries.

The shares of profit or loss and other comprehensive income of the subsidiaries under the equity method for the years ended December 31, 2024 and 2023 were recognized based on the audited financial statements of each subsidiary for the same period.

XII. Property, plant and equipment

Self-use

Self-use
Cost Balance as of January 1, 2024 Addition Disposal Reclassification Balance as of December 31, 2024 Accumulated depreciation and impairment Balance as of January 1, 2024 Disposal Depreciation expense Balance as of December 31, 2024 Net as of December 31, 2024 Cost Balance as of January 1, 2023 Addition Disposal Reclassification Balance as of December 31, 2023	Self-owned land NT$ 288,562 - - - NT$ 288,562 NT$ - - - NT$ - NT$ 288,562 $ 288,562 - - - $ 288,562	Buildings NT$ 410,946 21,752 ( 13,636) - NT$ 419,062 NT$ 347,858 ( 13,635) 18,692 NT$ 352,915 NT$ 66,147 $ 410,096 850 - - $ 410,946	Machinery and equipment NT$ 500,390 2,836 ( 164,522) - NT$ 338,704 NT$ 452,164 ( 150,347) 15,181 NT$ 316,998 NT$ 21,706 $ 502,071 2,127 ( 4,873) 1,065 $ 500,390	Other equipment NT$ 270,477 14,795 ( 26,288) 3,876 NT$ 262,860 NT$ 222,003 ( 25,913) 15,521 NT$ 211,611 NT$ 51,249 $ 255,606 14,296 ( 1,880) 2,455 $ 270,477	Total
					NT$1,470,375 39,383 ( 204,446) 3,876 NT$1,309,188 NT$1,022,025 ( 189,895) 49,394 NT$ 881,524 NT$ 427,664 $ 1,456,335 17,273 ( 6,753) 3,520 $ 1,470,375

• 35 -

Accumulated depreciation
and impairment
Balance as of January 1,
2023	NT$	-	NT$ 330,058	NT$	430,670	NT$	207,660	NT$	968,388
Disposal		-	-	(	4,873)	(	1,880)	(	6,753)
Depreciation expense		-	17,800		26,367		16,223		60,390
Balance as of December
31, 2023	NT$	-	NT$347,858	NT$	452,164	NT$	222,003	NT$1,022,025
Balance as of December
31, 2023	NT$	288,562	NT$ 63,088	NT$	48,226	NT$	48,474	NT$	448,350

Depreciation expense is provided on a straight-line basis over the following useful

life:

Building Main structure 51 years Air conditioning system 26 years Improvement to main structures 4 to 51 years Machinery and equipment 13 years Other equipment 16 years

XIII. Lease Agreement

• (i) Right-of-use assets.

December 31, 2024 December 31, 2023 Carrying amount of right-of-use assets Transportation equipment NT$ 2,791 NT$ 3,721 2024 2023 Addition of right-of-use assets. NT$ 1,723 NT$ - Depreciation expense of right-of-use assets Transportation equipment NT$ 2,653 NT$ 2,767

Other than the above additions and depreciation expense recognized, there were no significant subleases or impairments of the Company’s right-of-use assets in 2024 and 2023.

(ii) Lease liabilities

December 31, 2024 December 31, 2023 Carry amount of lease liabilities Current NT$ 2,197 NT$ 2,135 Non-current NT$ 635 NT$ 1,624

• 36 -

The discount rate range for lease liabilities is as follows: December 31, 2024 Transportation equipment 1.615%~2.182%	December 31, 2023
	1.615%

(iii) Information on other leases

Information on other leases
Short-term lease expenses Low-value asset lease expenses Total cash (outflow) from leases	2024 NT$ 629 NT$ 208 (NT$3,562 )		2023
	NT$ NT$ (NT$		NT$ NT$ (NT$		874 208 3,927 )

The Company has elected to apply the recognition exemption to leases of buildings, structures and office equipment that qualify as short-term leases and certain other equipment that qualify as low-value asset leases and does not recognize the related right-of-use assets and lease liabilities for these leases.

The Company has no commitments to enter into leases for periods beginning after the balance sheet date.

XIV. Investment Properties

after the balance sheet date. Investment Properties
Cost Balance as of January 1, 2024 Addition Balance as of December 31, 2024 Accumulated depreciation and impairment Balance as of January 1, 2024 Depreciation expense Balance as of December 31, 2024 Net as of December 31, 2024 Cost Balance as of January 1, 2023 Balance as of December 31, 2023 Accumulated depreciation and impairment Balance as of January 1, 2023 Depreciation expense Balance as of December 31, 2023	Completed investment properties
	NT$376,549 600 NT$377,149 (NT$ 76,701) ( 3,526 ) (NT$ 80,227 ) NT$296,922 NT$376,549 NT$376,549 (NT$ 73,173) ( 3,528 ) (NT$ 76,701 )

• 37 -

NT$299,848

Balance as of December 31, 2023

Depreciation expense of investment properties is provided on a straight-line basis over the following useful life:

lowing useful life:
Main structure	51 years
Elevator equipment	16 years
Air conditioning system	26 years
Improvement to main structures	4 to 49 years

The fair value of the investment property amounted to NTD 736,644 thousand as of December 31, 2024. This fair value has not been evaluated by a valuator. It is an estimate determined by the management of the Consolidated Company with reference to the market transaction price of similar properties in neighboring areas.

For the information on the amount of the investment property for secured loans, refer to Note 29.

XV. Other assets

refer to Note 29. Other assets
Current Prepaid expenses Tax overpaid retained Other receivables Temporary payments Others Non-current Prepaid equipment (Note 30) Refundable deposits Long-term prepaid expenses	December 31, 2024 NT$17,187 110 4,010 753 4,739 NT$26,799 NT$ 7,915 9,821 70 NT$17,806	December 31, 2023
		NT$15,764 39 4,457 363 5,966 NT$26,589 NT$11,966 9,022 147 NT$21,135

XVI. Borrowings

• (i) Short-term borrowings

rrowings hort-term borrowings
Unsecured borrowings Credit facility borrowings	December 31, 2024 NT$950,000	December 31, 2023
	NT$	NT$	460,000

As of December 31, 2024 and 2023, the interest rates on bank borrowings for operating turnover ranged from 1.8% to 1.9% and 1.68% to 1.76%, respectively. (ii) Long-term borrowings

December 31, 2024

December 31, 2023

Secured borrowings (Note 29)

• 38 -

Bank borrowings NT$700,000 NT$345,000 Less: Classified as due within 1 - year ( 122,489) Long-term borrowings NT$700,000 NT$222,511

The bank borrowings were secured by pledges of the Company’s investment real estate (see Note 29). The effective interest rates were 1.89% and 1.76% per annum for the years ended December 31, 2024 and 2023, respectively. The maturity date of the borrowings is July 2, 2029. The interest is paid every month during the period from the first to the second year and amortized together with the principal during the period from the third to the fifth year. The purpose of this drawdown is to raise funds for operating turnover.

The Company’s borrowings consist of:

Floating rate borrowings:	Maturity date	Major terms and conditions	Effective interest rate	December 31, 2024	December 31, 2024	December 31, 2023	December 31, 2023
	December 31, 2026 July 2, 2029	Chang Hwa Commercial Bank, Ltd. The borrowing amount is $499,512 thousand to finance the medium-term operating turnover with an interest rate equal to one-year floating rate of postal savings plus 0.2%. The borrowing period is from December 13, 2021 to December 13, 2026, with monthly interest deductions. Repayment is made on the 13th day of each month, starting from December 13, 2023, in 36 equal installments of principal and interest. Chang Hwa Commercial Bank, Ltd. The borrowing amount is $700,000 thousand to finance the medium-term operating turnover with an interest rate equal to one-year floating rate of postal savings plus 0.2%. The borrowing period is from July 2, 2024 to July 2, 2029, with monthly interest deductions. Repayment is made on the 13th day of each month, starting from July 13, 2026, in 36 equal installments of principal and interest. Less: Classified as due within 1 year Long-term borrowings	1.76% 1.89%		$ - 700,000 - $ 700,000	(	$ 345,000 - 122,489 ) $ 222,511

(iii) Long-term notes payable

December 31, 2024 December 31, 2023 Commercial paper payable NT$200,000 NT$200,000 Less: Discount on long-term ( 199) ( 201)

• 39 -

notes payable Long-term notes payable

NT$199,801

NT$199,799

Undue long-term notes payable as follows:

December 31, 2024

Guarantee/ acceptanceinst.	Parvalue	Parvalue	Discount value	Discount value	Carrying amount	Carrying amount	Interest raterange	Collateral	Carrying amount of collateral
			NT$ 199 Discount value		NT$199,801 Carrying amount		2.42% Interest raterange	None Collateral	NT$ - Collateral Carrying amount
Guarantee/ acceptanceinst.
Commercial paper payable IBFC	NT	$200,000	NT$	201	NT$	199,799	2.29%	None	NT$ -

The Company entered into a contract on bank guaranteed revolving release, underwriting and purchase of commercial paper with International Bills Finance Corporation, and can perform circular release of 60-day bank guaranteed commercial paper within 3 years. The Company uses NTD 200,000 thousand from the underwriting facility on January 17, 2024. The contract expires on September 5, 2026.

XVII. Accounts payable

2026. Accounts payable
Accounts payable Non-related party - Occurred due to business Related party - Occurred due to business	December 31, 2024 NT$ 113,726 NT$2,578,754	December 31, 2023
	NT$ NT$	NT$ NT$	85,334 1,941,315

The average credit period for the purchase of goods is one to three months, and no interest is accrued on the accounts payable. The Company has a financial risk management policy to ensure that all payables are repaid within the pre-agreed credit periods.

XVIII. Other liabilities

periods. Other liabilities
Current Other payables Salaries and bonuses payable Leave payables	December 31, 2024 NT$53,671 6,433	December 31, 2023
		NT$42,992 10,413

• 40 -

Interest payables 1,491 657 Other expense payables 31,879 34,725 NT$93,474 NT$88,787 Other liabilities Temporary receipts NT$ 3,786 NT$ 1,918 Others 442 514 NT$ 4,228 NT$ 2,432 Non-current Other liabilities Guarantee deposits received NT$ 4,200 NT$ 4,200 Deferred credits 39,302 - NT$43,502 NT$ 4,200		657 34,725
		88,787
		4,200

XIX. Post-employment benefit plans

(i) Defined contribution plan

The pension system of the Company under the “Labor Pension Act” is a government-administered defined contribution pension plan with 6% of employees’ monthly salaries contributed to the personal accounts at the Bureau of Labor Insurance.

(ii) Defined benefit plan

The pension system of the Company under the “Labor Standards Act” is a government-administered defined benefit pension plan. Pension payment is calculated in accordance with the years of service and the average salary six months prior to the authorized retirement date. The Company appropriate 2% of employees’ monthly salaries as pension funds, which is deposited by the Supervisory Committee of Labor Retirement Reserve in the name of the Committee into a dedicated account at the Bank of Taiwan. Before the end of the year, if the balance in the dedicated account is estimated to be insufficient to pay for employees who are expected to meet the retirement requirements in the following year, the difference will be made up in one lump sum by the end of March of the following year. The management of the dedicated account is entrusted to the Bureau of Labor Funds, Ministry of Labor. The Company has no right to influence the investment management strategy.

The amounts included in the stand-alone balance sheets for defined benefit plan are shown below:

December 31, 2024 December 31, 2023 Present value of defined benefit obligations NT$ 13,941 NT$ 13,357

• 41 -

Fair value of plan assets Net defined benefit assets

( 41,560) (NT$ 27,619)

( 37,731) (NT$ 24,374)

Changes in net defined benefit assets are as follows:

January 1, 2023 Service costs Service costs for the period Interest expenses (incomes) Recognized in profit or loss Remeasurement Return on plan assets (other than amounts included in net interest) Actuarial gains - Adjustments through experience Recognized in other comprehensive income December 31, 2023 Service costs Service costs for the period Interest expenses (incomes) Recognized in profit or loss Remeasurement Return on plan assets (other than amounts included in net interest) Actuarial (profit) loss - Change in financial assumptions - Adjustments through experience Recognized in other comprehensive income December 31, 2024	Present value of defined benefit obligations NT$18,625 53 233 286 - ( 5,554 ) ( 5,554 ) 13,357 53 167 220 - ( 253) 617 364 NT$ 13,941	Fair value of planassets (NT$36,945 ) - ( 462 ) ( 462 ) ( 324) - ( 324 ) ( 37,731 ) - ( 472 ) ( 472 ) ( 3,357) - - ( 3,357 ) (NT$41,560 )	Net defined benefit assets	Net defined benefit assets
	NT$ ( ( ( NT$	(NT$ ( ( ( ( ( ( ( ( ( (NT$	(NT$ ( ( ( ( ( ( ( ( ( ( ( (NT$	18,320 ) 53 229 ) 176 ) 324) 5,554 ) 5,878 ) 24,374 ) 53 305 ) 252 ) 3,357) 253) 617 2,993 ) 27,619 )

The amounts recognized in profit or loss for defined benefit plan are summarized by function as follows:

summarized by function as follows:
Operating costs Promotional expenses Administrative expenses R&D expenses	2024 (NT$ 39) ( 12) ( 172) ( 29 ) (NT$ 252 )	2023
		(NT$ 24) ( 8) ( 115) ( 29 ) (NT$ 176 )

• 42 -

The Company is exposed to the following risks as a result of the pension system under the “Labor Standards Act”:

1. Investment risk: The Bureau of Labor Funds, Ministry of Labor invests the labor pension fund in domestic and foreign equity securities, debt securities, and bank deposits through its own management or entrusted third parties, but the amount allocated to the Consolidated Company’s plan assets is based on the income at a rate no less than the local bank’s 2-year time deposit rate.

2. Interest rate risk: A decrease in interest rates on government/corporate bonds will increase the present value of the defined benefit obligation, but the return on debt investment in plan assets will also increase, which will have a partially offsetting effect on the net defined benefit obligation.

3. Salary Risk: The present value of the defined benefit obligation is calculated by reference to the future salary of the plan member. Therefore, increases in plan member’s salary will result in an increase in the present value of the defined benefit obligation.

The present value of the Company’s defined benefit obligation was actuarially determined by a qualified actuary and the significant assumptions at the measurement date were as follows:

measurement date were as follows:
Discount rate Expected rate of salary increase	December 31, 2024 1.50% 3.00%	December 31, 2023
		1.25% 3.00%

The amount by which the present value of the defined benefit obligation would increase (decrease) if there are reasonable possible changes in significant actuarial assumptions, with all other assumptions held constant, is as follows:

Discount rate Increase by 0.25% Decrease by 0.25% Expected rate of salary increase Increase by 1% Decrease by 1%	December 31, 2024 (NT$ 253 ) NT$ 262 NT$ 1,098 (NT$ 976 )	December 31, 2023	December 31, 2023
	(NT$ NT$ NT$ (NT$	(NT$ NT NT$ (NT$	288 ) $ 298 1,247 1,103 )

• 43 -

The sensitivity analysis above may not reflect actual changes in the present value of the defined benefit obligation because the actuarial assumptions may be correlated and changes in only one assumption are not feasible.

XX. (i)	Average duration to maturity of defined benefit obligations Equity Common stock Authorized number of shares (thousand shares) Authorized capital stock Number of shares issued and fully paid (thousand shares) Issued capital stock	December 31, 2024 11.1 years December 31, 2024 600,000 NT$6,000,000 307,536 NT$3,075,366	December 31, 2024 11.1 years December 31, 2024 600,000 NT$6,000,000 307,536 NT$3,075,366	December 31, 2023	December 31, 2023	December 31, 2023
				12.1 years December 31, 2023
		NT$ NT$		NT$ NT$		600,000 6,000,000 307,536 3,075,366

The issued common stock has a face value of NT$10 per share and each share is entitled to one voting right and receiving dividends.

30,000 thousand shares of the authorized capital stock were reserved for the issuance of convertible bonds and employee restricted stock options.

(ii) Capital surplus

apital surplus
For loss make-up, payment in cash or capitalization as equity (1) Stock issue premium Corporate bond conversion premium Gain on disposal of assets Consolidation excess Treasury stock trading	December 31, 2024 NT$ 772,829 1,238,407 167 42,695 97,619 NT$2,151,717	December 31, 2023
		NT$ 772,829 1,238,407 167 42,695 32,338 NT$2,086,436

1. Such capital surplus may be used to make up for losses or, when the Company has no losses, to distribute cash or to capitalize equity, provided that the capitalization is limited to a certain percentage of the paid-in capital each year.

2. (iii) Retained Earnings and Dividend Policy

In accordance with the earnings distribution policy of the Company’s Articles of Incorporation, if there are any net earnings as indicated in the final accounts, the Company shall pay tax and make up for the accumulated losses, and then set aside

• 44 -

10% as legal reserve, and the rest shall be set aside as special reserve or offset by reversal of special reserve as required by law; if there are still remaining earnings, the Board of Directors shall prepare a proposal for the distribution of the remainder together with the accumulated unappropriated earnings at the beginning of the period, and submit it to the shareholder meeting for resolution on the distribution of dividends to shareholders. The Company’s policy on the distribution of employees’ and directors’ remuneration as stipulated in the Company’s Articles of Incorporation is described in Note 22(7) Employees’ Remuneration and Directors’ Remuneration.

Based on the resolution of a majority of directors at the meeting attended by two-thirds of the total number of directors, the Company shall distribute the dividend and bonus, in whole or in part, in the form of cash and report to the shareholders’ meeting.

The legal reserve should be appropriated until the balance reaches the Company’s total paid-in capital. The legal reserve may be used to make up for losses. If the Company has no losses, the excess of legal reserve over 25% of the paid-in capital may be distributed in cash in addition to capitalization as equity.

The Company has provided and reversed the special reserve in accordance with the letters Jin-Guan-Zheng-Fa-Zi No. 1090150022, Jin-Guan-Zheng-Fa-Zi No. 10901500221, and the requirements of the “Questions and Answers on the Application of International Financial Reporting Standards (IFRSs) to the Provision of Special Reserve”. If there is a reversal in the balance of deduction from equity, earnings can be distributed within the reversal.

The profit distribution proposals of the Company for 2023 and 2022 are as follows:

follows:
Legal reserve Special reserve Cash dividends Cash dividends per share (NTD)	2023 NT$ 47,114 NT$111,721 NT$360,087 NT$ 1.2	2022
		NT$ 36,066 (NT$127,267 ) NT$297,537 NT$ 1

The above cash dividends were distributed following the resolutions made in Board of Directors meetings dated March 11, 2024 and March 14, 2023; the distribution of remaining earnings was resolved at the annual general meeting held on June 21, 2024 and June 20, 2023, respectively.

• 45 -

The Board of Directors proposed the following earnings distribution for 2024 on March 7, 2025:

Legal reserve Special reserve Cash dividends Cash dividends per share (NTD)	Earnings distribution proposal
	NT$ 71,421 (NT$ 312,025 ) NT$607,145 NT$ 2

The distribution of the aforementioned cash dividends has been approved by the Board of Directors. The remainder is pending resolution at the shareholders’ meeting scheduled for June 19, 2025.

(iv) Treasury stock

Treasury stock
Reason for recovery Number of shares as of January 1, 2024 Decrease in current period Number of shares as of December 31, 2024 Number of shares as of January 1, 2023 Decrease in current period Number of shares as of December 31, 2023		Transfer of shares to employees (thousand shares) 7,464 3,500 ) 3,964 10,000 2,536 ) 7,464	Repurchase for retirement (thousand shares) - - - - - -	Shares of parent company held by subsidiaries (thousand shares) - - - - - -		Total (Thousand shares)
	( (				( (	7,464 3,500 ) 3,964 10,000 2,536 ) 7,464

The Company repurchased 10,000 thousand shares amounting to NTD 161,328 thousand and transferred them to the employees to motivate them and enhance their cohesiveness to the Company. The repurchased shares shall be transferred to employees within 5 years in accordance with the Securities and Exchange Act. If the shares are not transferred after the expiration date, they shall be considered as unissued shares of the Company and shall be registered for change.

• 46 -

The Company transferred the treasury shares to employees in June 2024. The transferred treasury shares totaled 3,500 thousand shares at a cost of NTD 56,455 thousand. The record date for employee subscription was on April 11, and June 20, 2024 was the share delivery date for employees. On the grant date, the Company has recognized the remuneration cost to employees for NTD 65,450 thousand, and the proceeds received from the transfer of treasury shares was NTD 56,286 thousand. Also, on the share delivery date for employees, a capital reserve of NTD 65,281 thousand was recognized for the transaction of treasury stock. Please refer to Note 25 for details.

The Company transferred the treasury shares to employees in August 2023. The transferred treasury shares totaled 2,536 thousand shares at a cost of NTD 40,906 thousand. The record date for employee subscription was on May 12, 2023, and August 21, 2023 was the share delivery date for employees. On the grant date, the Company has recognized the remuneration cost to employees for NTD 32,461 thousand, and the proceeds received from the transfer of treasury shares was NTD 40,783 thousand. Also, on the share delivery date for employees, a capital reserve of NTD 32,338 thousand was recognized for the transaction of treasury stock. Please refer to Note 25 for details.

Treasury stock held by the Company cannot be pledged under the Securities and Exchange Act, and is not entitled to dividend distribution or voting rights.

XXI.

Revenue

Revenue	Revenue	Revenue
Customer contract revenues Merchandise sales revenues NT$ Contract balance December 31, 2024 Accounts receivable (Note 9) NT$2,659,395				2024 6,301,469 December 31, 2023 NT$2,023,202				2023
							NT$5,777,007 January 1, 2023
	NT$	2,659,395			NT$		NT	$2,045,895

The change in contract liabilities mainly arises from the difference between the point at which performance obligations are satisfied and the point at which customers pay.

XXII. Net profits before tax

• (i) Interest incomes

• 47 -

Bank deposits Imputed interest on deposits (ii) Other incomes Lease incomes Rental incomes from operating lease - Investment properties - Rental incomes from dormitory and parking lot Government subsidy incomes Others (iii) Other incomes (expenses) Loss on financial assets (Note 7) Financial assets mandatorily measured at fair value through profit or loss －Realized －Unrealized Net foreign currency exchange gain Gain on disposal of property, plant and equipment Others (iv) Financial costs Interest on bank borrowings Interest on lease liabilities Imputed interest on deposits	2024 NT$13,704 43 NT$13,747 2024 NT$25,684 1,045 510 3,032 NT$30,271 2024 NT$ 460 43 503 26,791 2,297 ( 662 ) NT$28,929 2024 $ 30,019 75 67 NT$30,161	2024 NT$13,704 43 NT$13,747 2024 NT$25,684 1,045 510 3,032 NT$30,271 2024 NT$ 460 43 503 26,791 2,297 ( 662 ) NT$28,929 2024 $ 30,019 75 67 NT$30,161	2023	2023	2023
			NT$10,434 43 NT$10,477 2023
			NT$25,200 1,230 186 548 NT$27,164 2023
			NT$ 373 ( 17 ) 356 16,238 50 ( 5 ) NT$16,639 2023
	$ NT$	$	$ NT$	$	15,725 84 - 15,809

No interest capitalization in 2024 and 2023.

(v) Depreciation

• 48 -

Depreciation expense is summarized by function Operating costs Operating expenses (vi) Employee benefit expenses Post-employment benefits Defined contribution plans Defined benefit plan (Note 19) Share-based payment Equity settled Other employee benefits Total employee benefit expenses Summarized by function Operating costs Operating expenses	2024 NT$40,949 14,624 NT$55,573 2024 NT$ 6,331 ( 252 ) 6,079 35,942 203,302 NT$245,323 NT$ 77,203 168,120 NT$245,323	2023
		NT$54,252 12,433 NT$66,685 2023
		NT$ 6,706 ( 176 ) 6,530 25,062 207,636 $ 239,228 $ 88,282 150,946 $ 239,228

(vii) Employees’ remuneration and directors’ remuneration.

In accordance with the Company’s Articles of Incorporation, the Company appropriates no less than 1% and no more than 3% of the profits before tax to employees’ and directors’ remuneration, respectively, for the year before the distribution of employees’ and directors’ remuneration. The estimated remuneration to employees and directors for the years ended 2024 and 2023 were resolved by the Board of Directors on March 7, 2025 and March 11, 2024, respectively, as follow:

Estimated percentage

Estimated percentage
Remuneration to employees Remuneration to directors Amount Remuneration to employees Remuneration to directors	2024 1.32% 1.32% 2024 Cash NT$10,000 10,000	2023
		1.99% 1.57% 2023
		Cash
		NT$10,146 8,000

• 49 -

If there is a change in the amount of the stand-alone financial statements after the date of its issuance, the amount is adjusted in the following year in accordance with the rules related to changes in accounting estimates.

There was no difference between the actual amount of employees’ and directors’ remuneration paid for 2023 and 2022 and the amount recognized in the stand-alone financial statements in 2023 and 2022.

Please refer to the “Market Observation Post System” of the Taiwan Stock Exchange for information on the remuneration of employees and directors resolved by the Board of Directors of the Company.

(viii) Foreign currency exchange gains (losses)

Total foreign currency exchange gains Total foreign currency exchange (losses) Net gains (losses)	2024 NT$143,430 ( 116,639) NT$ 26,791	2023
		NT$258,255 ( 242,017) NT$ 16,238

XXIII. Income tax

• (i) Income tax recognized in profit or loss

The major components of income tax expense are as follows:

		2024			2023
Income tax for the period
Occurred in the year		NT$38,064		NT$ 22,213
Imposition on
undistributed earnings		-			6,078
Prior year adjustment	(	3,650 )		(	1,335 )
		34,414			26,956
Deferred tax
Occurred in the year	(	8,444)		(	1,614)
Prior year adjustment	(	1,217 )			-
	(	9,661 )		(	1,614 )
Income tax expenses
recognized in profit or loss	NT$ 24,753			NT$ 25,342

The reconciliation of accounting income to income tax expense is as follows:

Net profits before tax Income tax expenses at statutory tax rate on net profits before tax	2024 NT$735,967 NT$147,193	2023	2023
		NT$ $	490,603 98,121

• 50 -

Non-deductible expenses for tax purposes Tax-exempt incomes Imposition on undistributed earnings Adjustments to prior years’ deferred tax expenses recorded in the year Adjustments to prior years’ current income tax expenses recorded in the year Income tax expenses recognized in profit or loss (ii) Current tax liabilities Current tax liabilities Income tax payables	2,093 ( 119,666) - ( 1,217) ( 3,650 ) NT$ 24,753 December 31, 2024 NT$ 31,245	3,610 ( 81,132) 6,078 - ( 1,335 ) NT$ 25,342 December 31, 2023	3,610 ( 81,132) 6,078 - ( 1,335 ) NT$ 25,342 December 31, 2023
		NT$	29,862

(iii) Deferred tax assets and liabilities

Changes in deferred income tax assets and liabilities are as follows:

2024

2024
Deferred tax assets Temporary difference Leave payables Defined benefit pension plan Unrealized loss on decline in value of inventories Unrealized exchange gains Allowance for loss Others	Balance at the beginning of the year NT$ 2,082 997 1,329 - 6,665 - NT$11,073	Recognized in profit or loss (NT$ 795) ( 50) ( 91) 5,118 ( 2,381) 7,860 NT$ 9,661	Balance at the end of the year
			NT$ 1,287 947 1,238 5,118 4,284 7,860 NT$20,734

2023

2023
Deferred tax assets Temporary difference Leave payables Defined benefit pension plan	Balance at the beginning of the year NT$ 2,234 962	Recognized in profit or loss (NT$ 152) 35	Balance at the end of the year
			NT$ 2,082 997

• 51 -

Unrealized loss on decline in value of inventories 2,098 ( Allowance for loss 6,338 Others 11 ( NT$11,643 (NT$ Deferred tax liabilities Temporary difference Unrealized exchange gains (NT$2,184 ) NT$	769) 327 11 ) 570 ) NT$ 2,184 NT$		1,329 6,665 -
			11,073
			-

• (iv) Unused loss carryforwards for deferred tax assets not recognized in the stand-alone balance sheets

balance sheets
Temporary difference Loss carryforwards Expire in 2029	December 31, 2024 NT$ - NT$ -	December 31, 2023
	NT$ NT$	NT$ NT$	6,082 890

(v) Approval of Income Tax Returns

The Company’s income tax returns have been assessed by the tax authorities up to 2023, but not yet for 2022.

XXIV. Earnings per share

to 2023, but not yet for 2022. Earnings per share
Earnings per share From continuing operations Diluted earnings per share From continuing operations		2024 $ 2.36 $ 2.35	Unit: NTD per share 2023
				$ 1.56 $ 1.56

Weighted-average number of shares of common stock used to calculate earnings per share is as follows:

Net profits for the year

per share is as follows: Net profits for the year
Net profits used to calculate basic earnings per share Net profits used to calculate diluted earnings per share Number of shares Weighted-average number of shares of common stock used to calculate basic earnings per	2024 2023 NT$711,214 NT$465,261 NT$711,214 NT$465,261 Unit: Thousand shares 2024 2023 301,932 298,460	2023
		298,460

• 52 -

share

Impact of potential common stock with dilutive effect:

share Impact of potential common stock with dilutive effect:
Remuneration to employees Weighted-average number of shares of common stock used to calculate diluted earnings per share	318 302,250	405
		298,865

If the Company may choose to have the employee compensation distributed via a stock or cash dividend, the calculation of the diluted earnings per share assumes that the bonus to employees is with a stock dividend distributed, with the weighted average number of shares outstanding included when the potential common stock has a diluted effect. The diluting effect of these potential common shares also continues to be considered in the calculation of diluted earnings per share before the resolution on the number of shares awarded to employees as remuneration or profit-sharing in the following year’s resolution.

XXV. Share-based payment agreement

Transfer of treasury stock of the parent company to employees

The Board of Directors of ICHIA TECHNOLOGIES INC. resolved to transfer 3,500 thousand shares of the treasury shares to employees on April 11, 2024. These treasury stock warrants were transferred to the employees of ICHIA TECHNOLOGIES INC., ICHIA SUZHOU, and ZHONGSHAN ICHIA at NT$16.13 on June 20, 2024.

The Board of Directors of ICHIA TECHNOLOGIES INC. resolved to transfer 2,536 thousand shares of the treasury shares to employees on May 12, 2023. These treasury stock warrants were transferred to the employees of ICHIA TECHNOLOGIES INC., ICHIA SUZHOU, and ZHONGSHAN ICHIA at NT$16.13 on August 21, 2023.

Information on employee share options on treasury stock is as follows:

Employee stock purchase plan Outstanding shares at the beginning of the period Issued in current period Execution in current period Outstanding shares at the end of the period		2024 Unit (thousand) Weighted average exercise price (NTD) - NT$ - 1,922 16.13 1,922 ) 16.13 -		2023	2023
		Unit (thousand) - 1,922 1,922 ) -		Unit (thousand) - 1,958 1,958 ) -	Weighted average exercise price (NTD)
	(		(		NT$ - 16.13 16.13

• 53 -

Weighted average fair value of employee stock options of treasury stock granted in current period (NTD) NT$ 18.70 NT$ 12.80

Grant-date stock price Exercise price Expected volatility Duration of existence Expected dividend yield Risk-free interest rate	April 11, 2024 NTD 34.80 NTD 16.13 25.03% 0.14 years - 1.24%	May 12, 2023
		NTD 28.89 NTD 16.13 44.92% 0.01 years - 0.96%

The remuneration cost recognized in 2024 and 2023 were NTD 35,942 thousand and NTD 25,062 thousand, respectively.

XXVI. Capital risk management

The Company engages in capital management to ensure that it can maximize shareholder returns by optimizing debt and equity balances while continuing to operate.

The Company’s capital structure consists of the Company’s net debt (i.e., borrowings less cash and cash equivalents) and equity (i.e., capital stock, capital surplus, retained earnings and other equity).

The Company is not subject to any other external capital requirements.

The Company’s key management reviews the Company’s capital structure annually, which includes consideration of the cost of various types of capital and the associated risks. The Company will balance its overall capital structure by paying dividends, issuing new shares, repurchasing shares and issuing new debt or paying off old debt, as recommended by key management.

XXVII. Financial instruments

• (i) Fair value information - Financial instruments that are not measured at fair value

The Company’s management believes that the carrying amounts of financial assets and financial liabilities that are not measured at fair value on the balance sheet approximate their fair values.

• (ii) Fair value information - Financial instruments measured at fair value on a recurring basis

• Fair value hierarchy

December 31, 2024

• 54 -

Financial assets measured at fair value through profit or loss Fund beneficiary certificates December 31, 2023 Financial assets measured at fair value through profit or loss Fund beneficiary certificates	Level 1 NT$ 40,107 Level 1 NT$ 40,064	Level 2 NT$ - Level 2 NT$ -	Level 3 NT$ - Level3 NT$ -	Total	Total
				NT$ 40,107 Total
	NT$	NT$	NT$	NT$	40,064

There were no transfers between Level 1 and Level 2 fair value

measurements in 2024 and 2023.

1. Adjustments to financial instruments measured at Level 3 fair value

2023 Financial assets measured at fair value through other comprehensive income - equity instrument Balance at the beginning of the year NT$12,000 Recognized in other comprehensive income (unrealized gain/loss on valuation of financial assets at fair value through other comprehensive income) ( 12,000 ) - Balance at the end of the year NT$

1. Level 3 fair value measurement valuation techniques and input values

The fair value of unlisted (non-OTC) stocks is measured by referring to the recent transaction price of the investment target or using the asset method.

• (iii) Types of financial instruments

Types of financial instruments
Financial asset Measured at fair value through profit or loss Mandatorily measured at fair value through profit or loss Financial assets at amortized cost (Note 1) Financial liabilities Measured at amortized cost (Note 2)	December 31, 2024 NT$ 40,107 3,667,540 5,147,031	December 31, 2023
		NT$ 40,064 2,921,617 3,602,227

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• Note 1: The balance includes financial assets measured at amortized cost, such as cash and cash equivalents, accounts receivable, other receivables (including related parties) and refundable deposits.

• Note 2: The balance includes financial assets measured at amortized cost, including short-term borrowings, accounts payable (including related parties), other payables (including related parties, excluding employee benefits payable), deposits received, long-term borrowings due within one year or operating cycle, long-term borrowings, and long-terms notes payable.

• (iv) Financial risk management objectives and policies

The Company’s major financial instruments include investments in equity instruments, accounts receivable, accounts payable, borrowings and notes payable. The risks associated with the operations of the above financial instruments include market risk (including exchange rate risk, interest rate risk and other price risk), credit risk and liquidity risk.

1. Market risk

The main financial risks to which the Company is exposed as a result of its operating activities are changes in foreign currency exchange rates (see (1) below) and changes in interest rates (see (2) below).

• (1). Exchange rate risk

The Company engages in foreign currency-denominated sales and purchase transactions, which expose the Company to exchange rate risk. The Company manages its exposure to exchange rate risk by using forward exchange contracts and options to the extent permitted by policy.

The carrying amounts of monetary assets and monetary liabilities denominated in non-functional currencies as of the balance sheet date are shown in Note 32.

Sensitivity analysis

The Company is primarily affected by fluctuations in the USD exchange rate.

The following table details the sensitivity analysis of the Company when the exchange rate of the NTD (functional currency) increases and decreases by 1% against each relevant foreign currency. 1% is the sensitivity percentage used for the Company’s internal reporting of exchange rate risk to key management and represents management’s

• 56 -

assessment of the reasonably possible range of changes in foreign currency exchange rates. The sensitivity analysis includes only outstanding foreign currency monetary items and forward exchange contracts designated as cash flow hedges, and adjusts their year-end translation by a 1% change in exchange rates. The negative amount for USD below represents the decrease in net profits before tax when NTD strengthens by 1% against USD, and the positive amount when NTD depreciates by 1% against USD.

				Impact of USD
			2024		2023
Profit	(loss)	($	213) $		866 (i)
(i).	Mainly derived from	the	Company’s receivables		and payables that
	were outstanding at the balance			sheet date and not hedged for cash
	flow.

(2). Interest rate risk

The Company’s bank deposits and borrowed funds carry both fixed and floating interest rates, resulting in interest rate risk.

The carrying amounts of financial assets and financial liabilities exposed to interest rate risk as of the balance sheet date were as follows:

Fair value interest rate risk - Financial assets - Financial liabilities Cash flow interest rate risk - Financial assets - Financial liabilities	December 31, 2024 NT$424,022 950,000 561,112 899,801	December 31, 2023
		NT$351,144 460,000 495,289 544,799

Sensitivity analysis

The following sensitivity analysis is based on the interest rate risk of derivative and non-derivative instruments as of the balance sheet date. For floating rate liabilities, the analysis assumes that the amount of the liability outstanding at the balance sheet date is outstanding during the reporting period. The rate of change used in reporting interest rates internally to key management is a 0.25% basis point increase or decrease in interest rates, which also represents management’s assessment of the range of reasonably possible changes in interest rates.

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If interest rates had increased/decreased by 0.25% basis points, with all other variables held constant, the Company’s net profits before tax would have decreased/increased by $847 thousand and $124 thousand for 2024 and 2023, respectively.

(3). Other price risk

The Company has equity price risk due to its investment in equity securities.

Sensitivity analysis

The following sensitivity analysis is based on the equity price exposure at the balance sheet date.

If the equity price had increased/decreased by 10%, profits or losses before tax for 2024 and 2023 would have increased/decreased by $4,011 thousand and $4,006 thousand, respectively, due to the increase/decrease in fair value of financial assets measured at fair value through profit or loss.

There was no significant change in the sensitivity of the Company’s investment in equity securities compared with the previous year.

1. Credit risk

Credit risk refers to the risk of financial loss due to default on contract obligations by the counterparties. As of the balance sheet date, the Company’s maximum exposure to credit risk of financial loss due to non-performance by counterparties and the provision of financial guarantees by the Company was mainly due to:

• (1) The carrying amount of financial assets recognized in the stand-alone balance sheets.

• (2) The maximum amount that the Company may be required to pay for the provision of financial guarantees, regardless of the likelihood of occurrence.

The Company’s primary potential credit risk arises from financial instruments such as cash and cash equivalents and accounts receivable. The Company’s cash is deposited with various banks and financial institutions. The cash is held in time deposits with maturities of approximately 3 months, which have high liquidity and flexibility and enjoy high interest rates with near-zero risk. The Company controls its exposure to the credit risk of each financial

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institution and believes that the Company’s cash and cash equivalents are not subject to significant concentrations of credit risk.

The counterparties of the Company’s accounts receivable are customers in the electronics industry. In order to reduce the credit risk of accounts receivable, the Company’s management has assigned a dedicated team to establish credit management rules and regulations and to be responsible for credit limit determination, credit approval and other monitoring procedures for the credit management of accounts receivable.

In addition, the Company reviews the recoverable amounts of accounts receivable on a case-by-case basis every month to ensure that appropriate impairment losses have been recorded for uncollectible accounts receivable. Accordingly, the Company’s management believes that the Company’s credit risk is limited.

The Company’s credit risk is mainly concentrated in the Company’s top ten customers. As of December 31, 2024 and 2023, the percentage of total accounts receivable from the aforementioned customers was 84% and 87%, respectively.

1. Liquidity risk

The Company manages and maintains sufficient balance of cash and cash equivalents to support the Group’s operations and mitigate the impact of cash flow fluctuations. The Company’s management monitors the use of bank financing facilities and ensures compliance with the terms and conditions of the borrowing agreements.

Bank borrowings are an important source of liquidity for the Company. See (2) below for a description of the Company’s unused financing facilities.

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

The analysis of the remaining contract maturities of non-derivative financial liabilities is prepared using the undiscounted cash flows of financial liabilities (including principal and estimated interest) based on the earliest possible date on which the Company could be required to make repayment. Therefore, bank borrowings that the Company may be required to repay immediately are shown in the earliest period below, without regard to the probability that the bank will enforce the right

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immediately; the maturity analysis of other non-derivative financial liabilities is prepared based on the contract repayment dates.

December 31, 2024

Non-derivative financial liabilities Accounts payable Other payables Borrowings Lease liabilities	Less than 1 year NT$2,692,480 596,493 951,491 2,229 NT$4,242,693	1 to 2years NT$ - - 294,674 594 NT$ 295,268	2 to 3years NT$ - - 230,756 50 NT$ 230,806	More than 3 years NT$ - - 374,371 - NT$ 374,371	Total
					NT$2,692,480 596,493 1,851,292 2,873 NT$5,143,138

December 31, 2023

Non-derivative financial liabilities Accounts payable Other payables Borrowings Lease liabilities	Less than 1 year NT$2,026,649 564,538 583,146 2,179 NT$3,176,512	1 to 2years NT$ - - 222,511 1,635 NT$ 224,146	2 to 3years NT$ - - 199,799 - NT$ 199,799	More than 3 years NT$ - - - - NT$ -	Total
					NT$2,026,649 564,538 1,005,456 3,814 NT$3,600,457

(2) Financing facilities

Financing facilities
Unsecured bank borrowing facility (extendable by mutual consent) Financing facilities used Financing facilities unused Secured bank borrowing facility (extendable by mutual consent) Financing facilities used Financing facilities unused	December 31, 2024 NT$1,150,000 2,505,065 NT$3,655,065 December 31, 2024 NT$ 700,000 - NT$ 700,000	December 31, 2023
		NT$ 660,000 1,841,698 NT$2,501,698 December 31, 2023
		NT$ 345,000 - NT$ 345,000

XXVIII. Related party transactions

In addition to those disclosed in other notes, the transactions between the Company and its related parties are as follows:

• (i) Names of related parties and relationships

Name of related party

Relationship with

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the Company ICHIA HOLDINGS (B.V.I) Co., Ltd. (hereafter referred to as Subsidiary BVI-ICHIA) ICHIA RUBBER INDUSTRY (M) Sdn. Bhd. (hereinafter Subsidiary referred to as ICHIA Malaysia) ZHONGSHAN ICHIA ELECTRONICS CO., LTD. Subsidiary (hereafter referred to as ZHONGSHAN ICHIA) ICHIA TECHNOLOGY (SUZHOU) CO., LTD. (hereafter Subsidiary referred to as ICHIA SUZHOU)

• (ii) Operating revenues

perating revenues
Account in the book Sales revenues	Type of related party Subsidiary	2024 NT$ 15	2023
		NT$	NT$	41

Sales to related parties are determined based on the Company’s transfer pricing.

• (iii) Purchase

Purchase
Name of related party ICHIA SUZHOU ZHONGSHAN ICHIA ICHIA Malaysia	2024 NT$5,003,815 499,064 34,646 NT$5,537,525	2023
		NT$4,750,290 388,955 4,797 NT$5,144,042

Purchases from related parties are determined based on the Company’s transfer pricing.

• (iv)Receivables from related parties (excluding loans to related parties and contract assets)

Account in the book Other receivables - related party	Name of related party ICHIA SUZHOU ZHONGSHAN ICHIA	December 31, 2024 NT$12,632 528 NT$13,160	December 31, 2023
			NT$42,925 - NT$42,925

The outstanding receivables from related parties are not guaranteed. No allowance for loss has been provided for the receivables from related parties in 2024 and 2023.

• (v) Payables to related parties (excluding borrowings from related parties)

Account in the book Accounts payable - related party	Name of related party ICHIA SUZHOU ZHONGSHAN	December 31, 2024 NT$2,345,237 214,771	December 31, 2023
			NT$1,804,872 131,548

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ICHIA ICHIA Malaysia 18,746 4,895 NT$2,578,754 NT$1,941,315

The outstanding payables to related parties are not guaranteed.

(vi)Borrowings from related parties

orrowings from related parties
Name of related party Other payables BVI-ICHIA	December 31, 2024 NT$567,180	December 31, 2023
	NT$	NT$	531,197

The loans to BVI-ICHIA in 2024 and 2023 were all unsecured loans.

(vii) Non-operating incomes

Non-operating incomes
Account in the book Other incomes	Name of related party ICHIA SUZHOU	December 31, 2024 NT$ 52	December 31, 2023
		NT$	NT	$ -

• (viii) Key management remuneration

Key management remuneration
Short-term employee benefits Post-employment benefits	2024 NT$47,211 480 NT$47,691	2023
		NT$31,326 540 NT$31,866

The remuneration of directors and other key management is determined by the Remuneration Committee based on individual performance and market trends.

XXIX. Pledged assets

The following assets have been pledged as collaterals for borrowings and tariff guarantees for imported raw materials:

guarantees for imported raw materials:
Pledged time deposits (recorded as financial assets at amortized cost - noncurrent) Investment property	December 31, 2024 NT$ 3,187 296,922 NT$300,109	December 31, 2023
		NT$ 3,187 299,848 NT$303,035

XXX. Significant contingent liabilities and unrecognized contract commitments

• (i) The total contract amount of the equipment contracted by the Company with vendors was NTD 11,156 thousand. As of December 31, 2024, the Company had paid NTD 7,915 thousand (recorded as prepayment for equipment) and the remaining NTD 3,241 thousand had not been paid.

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• (ii) As of December 31, 2024, the Company had provided facilities (including long-term borrowings and short-term borrowings) for the guarantee issuance and deposit of notes of approximately NTD 3,360,000 thousand and USD 7,800 thousand.

• (iii) As of December 31, 2024, the Company had received NTD 7,062 thousand in guarantee deposit notes for the purchase of equipment and construction.

XXXI. Other matters

On 15 February 2023, the President announced the amendments to the Climate Change Response Act to add a requirement for a carbon fee. Subsequently, the Ministry of the Environment promulgated the “Regulations for Charging of Carbon Fees”, the “Regulations for Administration of Voluntary Reduction Plans”, and the “Designated Greenhouse Gas Reduction Goal for Entities Subject to Carbon Fees” on 29 August 2024, and the carbon fee charging rate was also announced on 21 October 2024, and will take effect on 1 January 2025, accordingly. Based on the emission assessment for fiscal year 2023, the Consolidated Company is not subject to the carbon fee.

XXXII. Information on foreign currency assets and liabilities with significant effect

The following information is expressed in aggregate in foreign currencies other than the Company’s functional currency, and the exchange rates disclosed represent the rates at which such foreign currencies were converted to the functional currency. Foreign currency assets and liabilities with significant impact are as follows:

December 31, 2024

December 31, 2024
Foreign currency assets Monetary items USD Non-monetary items Subsidiaries under the equity method USD Foreign currency liabilities Monetary items USD	Foreign currency NT$ 96,558 137,061 97,206	Exchange rate 32.785 (USD : NTD) 32.785 (USD : NTD) 32.785 (USD : NTD)	Carrying amount
			NT$ NT$ NT$	3,165,656 7,636,921 3,186,912

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December 31, 2023

December 31, 2023
Foreign currency assets Monetary items USD Non-monetary items Subsidiaries under the equity method USD Foreign currency liabilities Monetary items USD	Foreign currency NT$ 84,840 117,061 82,021	Exchange rate 30.705 (USD : NTD) 30.705 (USD : NTD) 30.705 (USD : NTD)	Carrying amount
			NT$ NT$ NT$	2,605,006 6,055,809 2,518,442

Foreign currency translation gains and losses (realized and unrealized) with significant impact as follows:

Foreign currency USD	2024	Net exchange gains (losses) NT$ 26,791	2023
	Exchange rate		Exchange rate 30.705 (USD : NTD)	Net exchange gains (losses)
	32.785 (USD : NTD)	NT$		NT$ 16,238

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XXXIII.Additional disclosure

(i) Significant transactions and (ii) information on the investee enterprises:

No.	Item	Description
1	Lending funds to others	Exhibit 1
2	Endorsements and guarantees for others.	None
3	Marketable securities held at the end of the period. (Excluding investment in subsidiaries, affiliated enterprises and joint ventureinterests)	Exhibit 2
4	The cumulative amount of purchases or sales of the same marketable securities reaches at least NTD 300 million or 20% of the paid-in capital.	Exhibit 3
5	Acquisition of real estate amounting to at least NTD 300 million or 20% of the paid-in capital.	Exhibit 4
6	Disposal of real estate amounting to at least NTD 300 million or 20% of the paid-in capital.	None
7	The amount of purchase or sale with related parties is at least NTD 100 million or 20% of the paid-in capital.	Exhibit 5
8	Receivables from related parties amounting to at least NTD 100 million or 20% of the paid-in capital.	Exhibit 6
9	Engagement in derivative transactions.	Note 7
10	Information on investees	Exhibit 7

(iii) Information on investment in Mainland China:

No.	Item	Description
1	The name of the investees in Mainland China, principal business, paid-in capital, investment methods, capital outward and inward remittances, shareholding, investment gains and losses, investment carrying amount at the end of the period, repatriated investment gains and losses, and investment quota for Mainland China.	Exhibit 8
2	The following significant transactions with investees in Mainland China, directly or indirectly through third regions, and their prices, payment terms, and unrealized gains or losses:
	(1) Amounts and percentages of purchases and related payables at the end of the period.	Exhibit 5
	(2) Amounts and percentages of sales and related receivables at the end of the period.	None
	(3) The amount of property transactions and the amount of gain or loss resulting from such transactions.	None
	(4) The ending balance of endorsement and guarantee of notes or provision of collateral and its purpose.	None
	(5) The maximum balance, ending balance, interest rate range and total current interest amount of financial accommodation.	None
	(6) Other transactions that have a significant effect on the	None

• 65 -

current profit or loss or financial position, such as the provision or receipt of services.

• (iv) Information on major shareholders:

Name, number and percentage of shares held by shareholders with 5% or more

of the shares: Exhibit 9.

• 66 -

ICHIA TECHNOLOGIES INC.

Lending funds to others

2024

Exhibit 1

Unit: NTD and foreign currency in thousands, unless otherwise stated

No. (Note 1)	The lender company of funds	The borrower of funds	Transaction	Related party or not	Maximum balance for the period	Balance at the end of the period	Actual amounts drawn	Interest rate range	Nature of funds lending (Note 2)	Amount of business transactions	Reasons for the necessity of short-term financing	Amount of allowance for bad debts	Collateral	Collateral	The limit for individual funds lending (Note 3)	The limit for total funds lending (Note 3)	Remarks
													Name	Value
1	BVI-ICHIA	ICHIA Technologies Hungary Limited Liability Company ICHIA TECHNOLOGIES INC.	Other receivables - related party Other receivables - related party	Yes Yes	$ 63,931 ( USD 1,950 ) 567,180 ( USD 17,300 )	$ 63,931 ( USD 1,950 ) 567,180 ( USD 17,300 )	$ 63,931 ( USD 1,950 ) 567,180 ( USD 17,300 )	- -	2 2	$ - -	Operating turnover Operating turnover	$ - -	None None	$ - -	$ 13,651,121 (Note 4) 13,651,121 (Note 4)	$ 13,651,12 (Note 4) 13,651,12 (Note 4)

Note 1: The number column is filled out as follows:

• (1) Fill in 0 for the issuer.

• (2). Investees are numbered sequentially from Arabic numeral 1 according to the company type.

• Note 2: The nature of the funds lending is described as follows:

• (1) Fill in 1 for those who have business transactions.

• (2) Fill in 2 for those in need of short-term financing.

• Note 3: Calculation and amount of funds lending limits.

• I. The limit for individual funds lending

  • (1) The amount of funds lending of the Company to individual counterparties is limited to 30% of the Company’s current net worth (December 31, 2024), in accordance with the Company’s Operating Procedures for Lending Funds to Others.

  • (2) The amount of funds lending of an investee to individual counterparties is limited to 200% of the investee’s current net worth (December 31, 2024), in accordance with the investee’s Operating Procedures for Lending Funds to Others.

  • (3) The amount of funds lending of BVI-ICHIA to the Group’s parent company is limited to 200% of BVI-ICHIA’s current net worth (December 31, 2024) in accordance with BVI-ICHIA’s Operating Procedures for Lending Funds to Others.

• II. The limit for total funds lending:

  • (1) The cumulative amount of funds lending of the Company to external counterparties is limited to 40% of the Company’s current net worth (December 31, 2024), in accordance with the Company’s Operating Procedures for Lending Funds to Others.

  • (2) The cumulative amount of funds lending of an investee is limited to 200% of the investee’s current net worth (December 31, 2024), in accordance with the investee’s Operating Procedures for Lending Funds to Others.

  • (3) The cumulative amount of funds lending of BVI-ICHIA to the Group’s parent company is limited to 200% of BVI-ICHIA’s current net worth (December 31, 2024) in accordance with BVI-ICHIA’s Operating Procedures for Lending Funds to Others.

• III. The Company’s funds lending limit was calculated based on the net worth of the Company’s financial statements reviewed by CPA; the investee’s funds lending limit was calculated based on the net worth of the investee’s financial statements in foreign currencies reviewed by CPA.

• V. The funds lending limits here are presented in NTD. If foreign currencies are involved, they are translated into NTD at the prevailing exchange rate on the date of the financial statements. (The spot exchange rate for USD as of December 31, 2024 was 32.785.)

Note 4: The funds lending between companies outside of the Republic of China in which the Company directly or indirectly holds 100% of the voting rights is not subject to the funds lending limits in Note 3.

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ICHIA TECHNOLOGIES INC.

Marketable securities held at the end of the period

December 31, 2024

Exhibit 2

Unit: NTD and foreign currency in thousands, unless otherwise stated

Subsidiaries held	Type and name of marketable securities (Note 1)	Relationship with the issuer of marketable securities	Account in the book	Period end	Period end	Period end	Period end	Period end	Period end	Remarks
				Number of shares	Carrying amount		Shareholding (%)	Fairvalue
ICHIA TECHNOLOGIES INC.	Fund beneficiary certificates UPAMC James Bond Money Market Fund Jih Sun Money Market Fund Non-listed (non-OTC) stock - common stock Ten Shen Precision Co., Ltd. (common stock)	None ” ”	Financial assets measured at fair value through profit or loss - current ” Financial assets measured at fair value through other comprehensive income - non-current	1,151,629 1,297,766 765,000		$ 20,030 20,077 $ 40,107 $ -	- - 8.57%		$ 20,630 20,077	Note 3
									$ 40,107
									$ -

Note 1: Marketable securities referred to here are stocks, bonds, beneficiary certificates and marketable securities derived from the above items that fall within the scope of IFRS 9 “Financial Instruments”.

Note 2: For information on investments in subsidiaries, affiliates and joint venture interests, please refer to Exhibit 7 and Exhibit 8.

Note 3: On September 8, 2023, the extraordinary shareholders' meeting of Ten Shen Precision Co. Ltd. resolved to convert the preferred shares into common shares at a conversion ratio of 1:1.25. On the same day, it was resolved to reduce capital to make up losses and the registration for change was completed on February 25, 2024. The Company's shareholding after the capital reduction was 765,000 shares.

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ICHIA TECHNOLOGIES INC.

The cumulative amount of purchases or sales of the same marketable securities reaches at least NTD 300 million or 20% of the paid-in capital

December 31, 2024

Exhibit 3

Unit: In thousands for NTD and Foreign Currencies

Buyer and seller	Type and name of marketable securities	Account in the book	Counterparty	Relationship	Beginning of the period	Beginning of the period	Buying (Note 1)	Buying (Note 1)	Selling	Selling	Selling	Selling	Period end	Period end
					Number of shares	Amount	Number of shares	Amount	Number of shares	Sales price	Book value	Gain or loss on disposal	Number of shares	Amount
ICHIA TECHNOLOGIES INC.	ICHIA TECHNOLOGY Company - MALAYSIA	Investments accounted for using the equity method	ICHIA TECHNOLOGY Company - MALAYSIA	Subsidiary	-	$	-	$ 641,750	-	$ -	$ -	$ -	-	$ 599,971 (Note 2)

Note 1: The amount is the investment cost.

Note 2: The amount is the balance of investments accounted for using the equity method.

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ICHIA TECHNOLOGIES INC.

Acquisition of real estate amounting to at least NTD 300 million or 20% of the paid-in capital

2024

Exhibit 4

Unit: In thousands for NTD and Foreign Currencies

Company Acquiring the Property	Property Name	Date of Occurrence	Transaction Amount	Payment Term	Counterparty	Relationship	Prior Transaction of Related Counterparty	Prior Transaction of Related Counterparty	Prior Transaction of Related Counterparty	Prior Transaction of Related Counterparty	Price Reference	Purpose of Acquisition and Usage Status	Other Terms
							All Owners	Relationship with the issuer	Transfer Date	Amount
ICHIA TECHNOLOGY Company - MALAYSIA	Real estate, plant and equipment	September 6, 2024	$ 1,685,122 ( MYR 238,500 )	$ 458,450 ( MYR 64,886 )	KIDE INTERNATIONAL SDN.BHD.	None	-	-	-	$ -	It was determined by price comparison and negotiation	For operational use	None

Note 1: If an acquired asset is required to be appraised, the appraisal result should be indicated in the column “Price Reference”.

Note 2: Paid-in-capital means the paid-in-capital of the parent company. If the shares issued by an issuer have no par value or a par value other than NT$10 per share, the threshold transaction amount of 20 percent of paid-in capital shall be replaced by 10 percent of equity attributable to owners of the parent as stated in the balance sheet.

Note 3: Date of occurrence: Refers to the date of contract signing, date of payment, date of consignment trade, date of transfer, dates of boards of directors resolutions, or other date that can confirm the counterpart and monetary amount of the transaction, whichever date is earlier

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ICHIA TECHNOLOGIES INC.

The amount of purchase or sale with related parties is at least NTD 100 million or 20% of the paid-in capital.

2024

Exhibit 5

Unit: NTD thousand, unless otherwise indicated

Purchase (sale) company	Trading partner name	Relationship	Transactions	Transactions	Transactions	Transactions	The circumstances and reasons why the trading terms are different from those of ordinary transactions	The circumstances and reasons why the trading terms are different from those of ordinary transactions	Notes and accounts receivable (payable)	Notes and accounts receivable (payable)	Remarks
			Purchase (sale)	Amount	Purchase (sale) company	Credit period	Unit price	Credit period	Balance	Percentage of total notes and accounts receivable (payable)
ICHIA TECHNOLOGIES INC.	ICHIA SUZHOU ZHONGSHAN ICHIA	The same affiliate ”	Purchase ”	$ 5,003,815 499,064	86 9	150 days from monthly cut-off day 150 days from monthly cut-off day	- -	- -	($ 2,345,237) ( 214,771)	( 87 ) ( 8 )

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ICHIA TECHNOLOGIES INC.

Receivables from related parties amounting to at least NTD 100 million or 20% of the paid-in capital.

December 31, 2024

Exhibit 6

Unit: NTD thousand, unless otherwise stated

Companies with accounts receivable	Trading partner name	Relationship	Balance of receivables from related parties	Turnover rate	Overdue receivables from related parties	Overdue receivables from related parties	Receivables from related parties collected during the subsequent period	Amount of allowance for bad debts
					Amount	Processing method
ICHIA SUZHOU ZHONGSHAN ICHIA BVI-ICHIA	ICHIA TECHNOLOGIES INC. ICHIA TECHNOLOGIES INC. ICHIA TECHNOLOGIES INC.	The same affiliate The same affiliate The same affiliate	Accounts receivable $ 2,345,237 Accounts receivable 214,771 Other receivables 567,180	2.41 2.88 Note	$ - - -	－ － -	$ 581,348 92,293 -	$ - - -

Note: The turnover rate is not calculated because it is mainly due to other receivables arising from the lending of funds.

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ICHIA TECHNOLOGIES INC.

Information on investees, locations, ......, etc.

2024

Exhibit 7

Unit: NTD and foreign currency in thousands, unless otherwise indicated

Investor	Investee	Location	Principle business	Original investment amount	Original investment amount	Holding at the end of period	Holding at the end of period	Holding at the end of period	Profit or loss of investees for the period	Investment gain (loss) recognized in the period	Remarks
				The end of the period	The end of last year	Number of shares (thousand shares)	Percentage %	Carrying amount
ICHIA TECHNOLOGIES INC. ICHIA HOLDINGS (B.V.I) Co., Ltd. ICHIA UK. LTD.	ICHIA HOLDINGS (B.V.I) Co., Ltd. ICHIA USA Inc. ICHIA RUBBER INDUSTRY (M) Sdn. Bhd. Vietnam - ICHIA ICHIA TECHNOLOGY Company - MALAYSIA ICHIA UK. LTD. ICHIA HOLDINGS (H.K.) Co., Ltd. ICHIA Technologies Hungary Limited Liability Company	P.O. BOX957, Offshore Incorporation Centre, Road Town, Tortola, British Virgin Islands 1057 Tierra Del Rey, Suite G, Chula Vista, CA 91910 U.S.A. 997-A, Solok Pervshaan Tiga Prai Industrial Estate 13600 Prai, P.W. West Halasia Malaysia Villa No. 15, Le Thai Cho Road, Vo Kiang Place, Bac Ninh City, Bac Ninh Province, Vietnam SUITE 3.01-3.02, 3RD Floor KHTP Business Centre Kulim Hi-Tech Park, 09000 Kulim, Kedah Darul Aman P.O. Box 3152, Town, Tortola, British Virgin Islands Room 1004, National Health Centre, 151 Gloucester Road, Wanchai, Hong Kong 2900 Komarom Ipari Park Banki Domat U. 2. Hungary	Various investment businesses International trading of various electronic components and materials Manufacturing, processing and trading of various electronic components and materials for various electronic and telecommunication computers. Manufacturing, processing and trading of rubber and plastic keypads Manufacturing, processing and trading of various electronic components and materials for various electronic and telecommunication computers. Various investment businesses Various investment businesses Manufacturing, processing and trading of rubber and plastic keypads	$ 3,532,566 ( USD 108,693 ) 118,309 ( USD 4,106 ) 119,432 ( USD 3,762 ) 16,265 ( USD 500 ) 641,750 ( USD 20,000 ) 161,499 ( USD 4,926 ) 2,458,875 ( USD 75,000 ) 161,499 ( USD 4,926 )	$ 3,532,566 ( USD 108,693 ) 118,309 ( USD 4,106 ) 119,432 ( USD 3,762 ) 16,265 ( USD 500 ) - ( USD - ) 161,499 ( USD 4,926 ) 2,458,875 ( USD 75,000 ) 161,499 ( USD 4,926 )	108,693 4,106 9,000 - - 4,926 75,000 -	100 100 100 100 100 100 100 100	$ 6,825,255 45,086 154,459 12,150 599,971 ( 25,933 ) ( USD -791 ) 5,290,843 ( USD 161,380 ) ( 25,933 ) ( USD -791 )	$ 591,882 2,857 13,155 ( 2,402 ) ( 13,927 ) ( 6,131 ) ( USD -187 ) 540,657 ( USD 16,491 ) ( 6,131 ) ( USD -187 )	$ 598,146 2,857 13,155 ( 2,402 ) ( 13,927 ) ( 6,131 ) ( USD -187 ) 540,657 ( USD 16,491 ) ( 6,131 ) ( USD -187 )	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary

Note 1: Please refer to Exhibit 8 for information on the investees in Mainland China.

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ICHIA TECHNOLOGIES INC.

Information on investment in Mainland China

2024

Exhibit 8

Unit: NTD and foreign currency in thousands, unless otherwise stated

1. The name of the investees in Mainland China, principal business, paid-in capital, investment methods, capital outward and inward remittances, shareholding, investment gains and losses, investment carrying amount, repatriated investment gains and losses:

Investee in Mainland China	Principle business	Paid-in capital	Type of investment (Note 1)	Accumulated investment amount remitted from Taiwan at the beginning of theperiod	Amount of investment remitted or recovered duringthe period	Amount of investment remitted or recovered duringthe period	Accumulated investment amount remitted from Taiwan at the end of the period	Profit or loss of investees for the period	Profit or loss of investees for the period	Shareholding percentage of the Company’s direct or indirect investment	Investment gain (loss) recognized in the period (Note 2)	Carrying amount of investments at the end of the period	Investment income remitted back as of the end of the period
					Remittance	Recovery
ICHIA SUZHOU ZHONGSHAN ICHIA	Rubber, plastic keypads and flexible printed circuit boards Rubber and plastic keypads	$ 2,852,295 ( USD 87,000 ) 557,345 ( USD 17,000 )	(II) B (II) A	$ 2,852,295 ( USD 87,000 ) 557,345 ( USD 17,000 )	$ - -	$ - -	$ 2,852,295 ( USD 87,000 ) 557,345 ( USD 17,000 )	$ 548,624 ( USD 16,734 ) 69,504 ( USD 2,120 )		100 100	$ 540,723 ( USD 16,493 ) 67,045 ( USD 2,045 ) (II)C	$ 5,288,516 ( USD 161,309 ) 896,604 ( USD 27,348 )	$ - -
vestment quota for Mainland China.
Accumulated amount of investment from Taiwan to Mainland China at the end of the period				Amount of inv	estment approved by the Investment Commission, Ministry of EconomicAffairs				Investment quota for mainland China as stipulated by the Investment Commission, Ministry of EconomicAffairs
NTD 3,409,640 ( USD 104,000 )					NTD 3,409,640 ( USD 104,000 )				NTD 4,196,648 ( USD 128,005 )

2. Investment quota for Mainland China.

Note 1: The investment methods can be divided into the following three types, indicating as such suffices:

• (I) Investment in Mainland China directly.

• (II) Investment in Mainland China through companies in third regions (please specify the investment company of the third region).

  • A. BVI-ICHIA

  • B. ICHIA HOLDINGS (H.K.) Co., Ltd.

• (III) Other types.

• Note 2: In the column of investment gain or loss recognized in the current period:

• (I ) If the investment is under preparation and there is no investment gain or loss, it should be noted.

• (II) The basis for recognizing investment gains or losses is divided into the following three categories, which should be specified.

  • A. The financial statements have been audited by an international CPA firm with which CPA firms in the Republic of China have a cooperative relationship.

  • B. The financial statements have been audited by the attesting CPA of the parent company in Taiwan.

  • C. Others.

Note 3: The figures in this Exhibit are presented in NTD. Where foreign currencies are involved, the exchange rate at the date of financial reporting is used to translate into NTD. (The spot exchange rate for USD as of December 31, 2024 was 32.785.)

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ICHIA TECHNOLOGIES INC.

Information on major shareholders

December 31, 2024

Exhibit 9

Name of Major Shareholder	Shares	Shares
	Shareholding	Shareholding Percentage
Creative Investment Co., Ltd. Fa La Li Investment Co., Ltd.	20,587,480 20,348,481	6.69% 6.61%

• Note 1: The information on major shareholders in this Exhibit is compiled by Taiwan Depository & Clearing Corporation based on the last business day of the quarter in which the shareholders held 5% or more of the Company’s common shares and preferred shares whose registration and delivery have been completed in non-physical form (including treasury shares). The number of shares recorded in the Company’s stand-alone financial statements and the actual number of shares registered and delivered in non-physical form may differ depending on the basis of preparation of the calculations.

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§STATEMENTS OF MAJOR ACCOUNTING ITEMS§

ITEM

Statements of Asset, Liabilities and Equity Items Statement of Cash and Cash Equivalents Statement of Financial Assets Measured at Fair Value through Profit or Loss - Current Statement of Accounts Receivable Statement of Inventories Statement of Other Current Assets Statements of Financial Assets Measured at Amortized Cost - Non-current Statement of Changes in Investment under Equity Method Statement of Changes in Property, Plant and Equipment Statement of Changes in Accumulated Depreciation of Property, Plant and Equipment Statement of Changes in Right-of-use Assets Statement of Changes in Accumulated depreciation of Right-of-use Assets Statement of Deferred Income Tax Assets Statement of Short-term Loans Statement of Accounts Payable Statement of Other Payables Statement of Long-term Loans Statement of Other Current Liabilities Statement of Other Non-current Liabilities Statements of Profit or Loss Items Statement of Operating Revenue Statement of Operating Costs Statement of Operating Expenses Statement of other Profits, Expenses, and Losses - Net Statement of Financial Costs Statement of Current Employee Benefits, Depreciation and Amortization Expenses by Function

NO./INDEX

Statement 1 Note 7

Statement 2 Statement 3 Note 15 Note 8

Statement 4

Note 12 Note 12

Statement 5 Statement 5

Note 23 Statement 6 Statement 7 Note 18 Note 17 Note 18 Note 18

Statement 8 Statement 9 Statement 10 Note 22 Note 22 Statement 11

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ICHIA TECHNOLOGIES INC.

Statement of Cash and Cash Equivalents

December 31, 2024

	December 31, 2024	December 31, 2024
Statement 1 Item Cash Cash on hand and revolving funds Bank deposits Bank check and demand deposits Foreign currency demand deposits Cash equivalents (investments with an original maturity of less than 3 months) Bank time deposits	Unit: NTD thousand, unless Summary Including US$5,792,000, @32.785, HK$5,000, @4.222, GBP2,000, @41.19, EUR2,000, @34.14, RMB1,000, @4.478 Interest rate 1.46% - 4.2%		otherwise stated Amount
			$ 30 371,046 190,066 321,458 $ 882,600

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ICHIA TECHNOLOGIES INC.

Statement of Accounts Receivable

December 31, 2024

Statement 2

Unit: NTD thousand, unless otherwise stated

Name Non-related party CarUX Technology (Shanghai) Ltd. Innolux Corporation Aptos Technology Inc. CarUX Technology Taiwan Inc. AU Optronics (Suzhou) Corp., Ltd. Others (Note) Less: allowance for impairment		Amount
	(	$ 903,425 302,786 255,739 149,770 146,039 901,834 2,659,593 198 ) $ 2,659,395

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ICHIA TECHNOLOGIES INC.

Statement of Inventories December 31, 2024

Unit: NT$ Thousand

Statement 3 Name Raw materials Semi-finished goods Work in progress Finished goods In-transit Less: Allowance for inventory devaluation loss		Cost $ 28,959 1,023 2,677 74,584 23,021 130,264 6,191 ) $ 124,073	Unit: NT$ Thousand Market price (Note)
	(			$ 26,816 429 2,806 75,817 23,021 $ 128,889

Note: The inventory of the Company is measured based on the net realizable value. The comparison is conducted on the basis of the individual items except for the inventories of the same type.

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ICHIA TECHNOLOGIES INC.

Statement of Changes in Investment under Equity Method

January 1 to December 31, 2024

Statement 4

Unit: NTD thousand, unless otherwise stated

Name Non-publicly quoted company ICHIA USA Inc. BVI-ICHIA Vietnam - ICHIA ICHIA RUBBER INDUSTRY (M) Sdn. Bhd. ICHIA TECHNOLOGY Company - MALAYSIA	Balance - beginning of the period Number of shares (thousand shares) Amount 4,106 $ 39,503 108,693 5,875,222 - 14,322 9,000 126,762 - - $ 6,055,809	Balance - beginning of the period Number of shares (thousand shares) Amount 4,106 $ 39,503 108,693 5,875,222 - 14,322 9,000 126,762 - - $ 6,055,809	Increase (decrease) in current period (Note 3) Number of shares (thousand shares) Amount - $ - - - - - - - - 641,750 $ 641,750	Increase (decrease) in current period (Note 3) Number of shares (thousand shares) Amount - $ - - - - - - - - 641,750 $ 641,750	Employee stock purchase plan $ - 28,573 - 935 - $ 29,508		Investment profit (loss) (Note1) $ 2,857 598,146 2,402) 13,155 13,927 ) $ 597,829		Cumulative Translation Adjustment $ 2,726 323,314 230 13,607 27,852 ) $ 312,025	Balance at the end ofthe	Balance at the end ofthe	period Amount $ 45,086 6,825,255 12,150 154,459 599,971 $ 7,636,921	Market price	or	net equity Totalprice $ 45,086 6,825,255 12,150 154,459 599,971 $ 7,636,921	Provided as guarantee or pledge
													Unit price (NTD) (Note2) 10.98 62.79 - 17.16 -
	Number of shares (thousand shares) 4,106 108,693 - 9,000 -		Number of shares (thousand shares) - - - - -							Number of shares (thousand shares) 4,106 108,693 - 9,000 -	Shareholding (%) 100 100 100 100 100
						( (		(								None None None None None

Note 1: It was calculated based on the CPA audited financial statements of 2024.

Note 2: The net value of equity is calculated based on the financial statements of the invested company and the shareholding percentage of the Company.

Note 3: The increase in the current period was mainly due to the investment of NTD 160,100 thousand (USD 5,000 thousand) and NTD 481,650 thousand (USD 15,000 thousand) in April and September 2024, respectively.

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ICHIA TECHNOLOGIES INC.

Statement of Changes in Right-of-use Assets

January 1 to December 31, 2024

Unit: NT$ Thousand

ICHIA TECHNOLOGIES INC. Statement of Changes in Right-of-use Assets January 1 to December 31, 2024
Statement 5 Item Cost Balance at the beginning of the year Increase Balance at the end of the year Accumulated depreciation Balance at the beginning of the year Depreciation expense Balance at the end of the year Net amount at year end	Unit: NT$ Thousand Transportation equipment
		$ 6,378 1,723 $ 8,101 $ 2,657 2,653 $ 5,310 $ 2,791

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ICHIA TECHNOLOGIES INC.

Statement of Short-term Loans December 31, 2024

Statement 6

Unit: NT$ Thousand

Credit loan Fubon Bank Taiwan Cooperative Bank Mega International Commercial Bank Shin Kong Commercial Bank Chang Hwa Commercial Bank, Ltd.	Life of loan 2024/11/4~2025/2/4 2024/10/16~2025/3/11 2024/11/5~2025/3/6 2024/12/26~2025/3/26 2024/11/27~2025/3/21	Annual interest rate (%) 1.9% 1.9% 1.8% 1.8% 1.9%		Balance $ 200,000 150,000 200,000 100,000 300,000 $ 950,000		Financing facility $ 250,000 150,000 300,000 100,000 300,000 $1,100,000	Mortgage or guarantee
							None None None None None

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ICHIA TECHNOLOGIES INC.

Statement of Accounts Payable

December 31, 2024

Statement 7

Unit: NT$ Thousand

Name Non-related party Hotechnic Precious Hardware Limited Jiue Tai Industry Co., Ltd. SUNRAIN TECHNOLOGY CO., LTD. Others (Note) Related party ICHIA SUZHOU ZHONGSHAN ICHIA ICHIA Malaysia	Summary Payment for purchase ” ” ” Payment for purchase ” ”		Amount
			$ 24,310 14,728 10,854 63,834 $ 113,726 $ 2,345,237 214,771 18,746 $ 2,578,754

Note: The amount of all the accounts did not exceed 5% of the balance of this accounts.

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ICHIA TECHNOLOGIES INC.

ICHIA TECHNOLOGIES INC.
Statement of Operating Revenue January 1 to December 31, 2024 Statement 8 Name FPC integrated components Mechanism integrated components Less: sales return Sales discount	Unit: NT$ Thousand Amount
	$ 5,352,045 1,021,301 6,373,346 ( 21,509) ( 50,368 ) $ 6,301,469

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ICHIA TECHNOLOGIES INC. Statement of Operating Costs

January 1 to December 31, 2024

Statement 9

Unit: NT$ Thousand

Item Raw material consumption in current period Stock at beginning of the period Add: Purchase of material in current period Work in progress transfer in Less: Raw materials scrap Transfer to expenses Material sold In-transit at end of the period Raw material at end of the period Direct labor Manufacturing expenses Manufacturing costs Add: Work in process at beginning of the period Less: Transfer to materials for reproduction Work in process at end of the period Finished product cost Add: Finished goods at beginning of the period In-transit at beginning of the period Purchase in current period Less: Transfer to expenses Scrapping of finished products Finished good at end of the period In-transit at end of the period Manufacturing and sales costs Sales cost of outsourced goods Add: Purchase in current period Cost of sales Other operating costs Add: Cost to sell raw materials Inventory devaluation loss Inventory scrap loss Less: Income from scraps Adjustment to sell back Operating costs

Amount

$ 20,870 243,008 50,570 ( 3,767) ( 3,850) ( 24,966) ( 78) ( 29,982 ) 251,805 47,614 146,775 446,194 4,142 ( 50,570) ( 2,677 ) 397,089 31,086 3,023 1,749,313 ( 65) ( 213) ( 74,584) ( 22,943 ) 2,082,706 3,800,242 5,882,948 24,966 1,729 3,980 ( 361) ( 11,395 ) $ 5,901,867

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ICHIA TECHNOLOGIES INC.

Statement of Operating Expenses January 1 to December 31, 2024 Statement 10

Unit: NT$ Thousand

Name Payroll expense (including pension) Commission expense Import/export expense Other expenses (Note)	Promotional expenses $ 40,582 17,355 27,975 30,068 $ 115,980	Administrative expenses $ 99,928 - - 66,313 $ 166,241	R&D expenses $ 16,695 - - 10,891 $ 27,586		Total
					$ 157,205 17,355 27,975 107,272 $ 309,807

Note: The amount of all the items did not exceed 5% of the amount of the account concerned.

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ICHIA TECHNOLOGIES INC.

Statement of Current Employee Benefits, Depreciation and Amortization Expenses by Function

January 1 to December 31, 2024

Statement 11 Employee benefit expense Salary expense Labor and health insurance expense Pension expense Remuneration to directors Other employee benefit expenses Depreciation expense		2024		Total $ 205,713 14,865 6,079 12,320 6,346 $ 245,323 $ 55,573		2023	Unit: NT$ Thousand	Unit: NT$ Thousand
	Classified as operating cost $ 64,672 6,918 2,235 - 3,378 $ 77,203 $ 40,949	Classified as operating expense $ 141,041 7,947 3,844 12,320 2,968 $ 168,120 $ 14,624			Classified as operating cost $ 73,760 7,785 2,663 - 4,074 $ 88,282 $ 54,252	Classified as operating expense $ 125,929 7,537 3,867 10,500 3,113 $ 150,946 $ 12,433		Total
								$ 199,689 15,322 6,530 10,500 7,187 $ 239,228 $ 66,685

1. The number of employees as of December 31, 2024 and 2023 was 210 and 231, respectively, and the number of directors who were not employees was 5 in both years.

2. Companies that are listed for trading on Taiwan Securities Exchange or trade shares through Taipei Exchange shall additionally disclose following information:

3. (1) The average employee benefit expenses in the year were $1,137 thousand (“Total employee benefit expenses in the year – total remuneration to directors” / “Number of employees in the year – number of directors who were not employees”.)

The average employee benefit expenses in the previous year were $1,012 thousand (“Total employee benefit expenses in the previous year – total remuneration to directors” / “Number of employees in the previous year – number of directors who were not employees”.)

• (2) The average employee salary expenses in the year were $1,003 thousand (Total salary expenses in the year / Number of employees in the year – number of directors who were not employees.) The average employee salary expenses in the previous year were $884 thousand (Total salary expenses in the previous year / “Number of employees in the previous year – number of directors who were not employees”.)

• (3) The average employee salary expenses changed by 13.46% (“Average employee salary expense in the year – average employee salary expense in the previous year” / average employee salary expense in the previous year.)

• (4) The Company does not appoint supervisors.

• (5) The Company’s remuneration policy is described as follows:

• I. The Company's remuneration policy is based on the individual's ability, contribution to the Company, performance, and the correlation with the operating performance.

• II. The remuneration to the directors of the Company is paid subject to the resolution of the Board of Directors pursuant to Article 23 of the Articles of Incorporation, and shall be reported to the shareholders’ meeting. The remuneration of the directors of the Company shall be set in accordance with the Company's Articles of Incorporation. It shall be authorized to the Board of Directors, with consideration of the directors' participation in the Company's operations and the value of their contributions, and with reference to domestic and international industry standards. The management officers’ compensation is determined by the results of the performance evaluation.

• III. The Company has set up the Renumeration Committee. It follows Article 4 of the Company's Remuneration Committee Charter and establishes and periodically reviews the policy, system, standard and structure for the performance evaluation and remuneration of the Company's directors and managerial officers. The Remuneration Committee also Regularly reviews and adjusts directors' and managers' remuneration, and submit the proposals to the Board of Directors for discussion.

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