INX - AGM Information 2025 | FinancialReports.eu

Stock Code: 3481

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2025 Annual Shareholders’ Meeting

Meeting Agenda

Method for Convening the Meeting: Physical Shareholders’ Meeting

May 7, 2025

------ Disclaimer ----

THIS IS A TRANSLATION OF THE AGENDA FOR THE 2025 ANNUAL SHAREHOLDERS’ MEETING OF INNOLUX CORPORATION THE TRANSLATION IS FOR REFERENCE ONLY. IF THERE IS ANY DISCREPANCY BETWEEN THE ENGLISH VERSION AND CHINESE VERSION, THE CHINESE

VERSION SHALL PREVAIL.

I.	Meeting Procedures ------------------------------------------------------------------------	1
II.	Meeting Agenda ----------------------------------------------------------------------------	2
	1. Reporting Items -------------------------------------------------------------------------	3
	2. Adopting Items --------------------------------------------------------------------------	7
	3. Discussion and Election Items ---------------------------------------------------------	9
	4. Extempore Motions ---------------------------------------------------------------------	15
III.	Attachments
	1. 2024 Business Report -------------------------------------------------------------------	16
	2. Audit Committee Review Report -----------------------------------------------------	28
	3. To report the implementation of the sound operating plan for the 2024 cash
	capital reduction plan -------------------------------------------------------------------	29
	4. Independent Auditors’ Report and Financial Statements ---------------------------	31
	5. 2024 Earnings Distribution Table ---------------------------------------------------	54
	6. Comparative table for Amendment to Articles of Incorporation ------------------	55
	7. List of the Candidates of Directors (including Independent Directors) ----------	57
	8. Details of the Duties Subject to Releasing the Candidates of Directors
	(including Independent Directors) from Non-competition ------------------------	60
IV.	Appendices
	1. Rules of Shareholders’ Meeting -------------------------------------------------------	61
	2. Articles of Incorporation ---------------------------------------------------------------	68
	3. Election Rules of Directors ------------------------------------------------------------	73
	4. Shareholding Table of All Directors --------------------------------------------------	74

InnoLux Corporation

Procedures of 2025 Annual Shareholders’ Meeting

I. Report of Number of Shares Represented by Attendees
II. Call the Meeting to Order
III. Chairman Remarks
IV. Reporting Items
V. Adopting Items
VI. Discussion and Election Items
VII. Extemporary Motions
VIII. Adjournment
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InnoLux Corporation

Agenda of 2025 Annual Shareholders’ Meeting

Method for Convening the Meeting: Physical Shareholders’ Meeting

Time: 09:00 am, May 7, 2025

Venue: 3F, No.36, Keyan Rd., Zhunan Township, Miaoli County

Assembly Hall of the Administrative Service Center of Zhunan Site, Hsinchu Science Park

1. Chairman Remarks:

2. Reporting Items:

(1) 2024 Business Report
(2) Audit Committee Review Report
(3) To report the implementation of the sound operating plan for the 2024 cash capital reduction plan
(4) 2024 Report on Directors and Employees Remuneration Distribution

3. Adopting Items:

(1) Recognition of 2024 Business Report and Financial Statements
(2) Proposals of 2024 Earnings Distribution Table

4. Discussion and Election Items

(1) Amendments to the Articles of Incorporation
(2) Proposal of cash distribution from capital surplus
(3) Subsidiaries of the Company CarUX Holding Limited to Apply for Listing and Trading in An Overseas Securities Market
(4) Election of Board
(5) Exemption of non-competition restrictions on the directors of the company

5. Extempore Motions

6. Adjournment

Reporting Items

Proposal 1: 2024 Business Report

Explanatory note: Please refer to Attachment 1 for the 2024 Business Report (Pages 16 to 27).

Proposal 2: Audit Committee Review Report

Explanatory note: Please refer to Attachment 2 for the Audit Committee Review Report (Page 28).

Proposal 3: To report the implementation of the sound operating plan for the 2024 cash capital reduction plan

Explanatory note: Please refer to Attachment 3 for the implementation of the sound operating plan for the 2024 cash apital reduction plan (Page 29 to 30).

Proposal 4: 2024 Report on Directors and Employees Remuneration Distribution

Explanatory note: The Board of the Directors has approved on March 13, 2025 the cash distribution of NT$ 446,283,389 as remuneration to Employees and NT$ 6,865,898 to Directors.

Adopting Items

(Proposed by the Board of Directors)

Proposal 1: Recognition of 2024 Business Report and Financial Statements

Explanatory note:

A. 2024 Financial Statements of the Company were duly audited by CPA, Hsu, Sheng-Chung and CPA, Liang, Hua-Ling of PricewaterhouseCoopers Taiwan.
B. 2024Business Report and Financial Statements are attached hereto as Attachment 1 & 4 (Pages 16 to 27 and 31 to 53).

Resolution:

(Proposed by the Board of Directors)

Proposal 2: 2024 Earnings Distribution Table

Explanatory note:

A. Please refer to Attachment 5 for 2024 Earnings Distribution Table (Page 54).
B. The proposed cash dividend distributed to shareholders is NT$5,988,843,853 (NT$ 0.75 per share). The cash dividend shall be rounded down to the nearest dollar and the decimal figures shall be rounded off according to the distribution proportion. The amount rounded off from the cash dividend will be at the discretion of the Chairman as authorized.
C. In the event that there is change in capital of the Company affecting the outstanding shares of the Company, causing the distribution ratio shall be changed and adjusted, it is proposed that the Chairman shall be authorized to make related adjustments.
D. It is proposed that the Chairman shall be authorized to decide the distribution record date, the distribution date, and other related matters after this proposal is approved by the shareholders’ meeting.

Resolution:

Discussion and Election Items

(Proposed by the Board of Directors)

Propsal 1: To approve amendments to Articles of Incorporation

Explanatory note:

A. The Company will partially revisethe Articles of Incorporation of the Company, pursuant to the amendment of laws and the operation plans.
B. The comparative table of the amendment is attached hereto as Attachment 6 (page 55~56).

Resolution:

(Proposed by the Board of Directors)

Propsal 2: To approve proposal of cash distribution from additional paid-in capital

Explanatory note:

A. Pursuant to Artice 241 of the Company Act, the Company will distribute the addition paid-in capital derived from excess value above the par value per share at the amount of NT$ 1,996,281,284. The distribution will be made according to shareholders and the shares held by the shareholders registered on the shareholders' roster on the distribution record date. Each share will receive the distribution in cash at the amount of NT$0.25.
B. The total cash distribution is NT$ 0.25 per share, together with cash dividend, NT$ 0.75 per share. The distribution by cash totals NT$1. For the amount less than NT$1 shall be completely rounded down. It is proposed to authorize the Chairman to fully handle the the amount rounded off from the cash dividend.
C. In the event that there is change in capital of the Company affecting the outstanding shares of the Company, causing the distribution ratio shall be changed and adjusted, it is proposed that the Chairman is authorized to make relevant adjustments.
D. It is proposed that the Chairman is authorized to decide the distribution record date, the distribution date, and other related matters after this proposal is approved by the shareholders’ meeting.

Resolution:

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(Proposed by the Board of Directors)

Propsal 3: To approve CarUX Holding Limited, a subsidiary of the Company, applies for listing and trading on overseas stock markets

Explanatory note:

A. Purpose of applying for listing on overseas stock markets: In order to continuously deepen and expand the Group’s business in the field of smart cockpit visual solutions, CarUX Holding Limited, a subsidiary of the Company (hereinafter referred to as “CarUX”) plans to apply for listing on overseas stock markets. In addition to raising funds for CarUX and expanding financing channels, this plan can also strengthen the competitiveness of CarUX’s technology and products. At present, it plans to apply for the initial public offering and listing of stocks on the NASDAQ or NYSE in the United States (hereinafter referred to as the “Application by CarUX for listing on overseas stock markets”).
B. The impact on the finance and business of the Company, the expected organizational structure and business adjustments, and the impact of these adjustments on the Company:
Impact on the finance: The application by CarUX for listing on overseas stock markets will raise and enrich the necessary funds for operations, strengthen financial structure and financing capabilities, attract outstanding talents, promote more competitive products, contribute to the Group’s revenue and performance, as well as increase the Company’s shareholder equity. The application by CarUX for listing on overseas stock markets does not involve the disposal of CarUX shares indirectly held by the Company, so it will not result in any related gains or losses to the Company, and has positive benefits for the Group, the Company, and CarUX.
Impact on business: the Company does not engage in the same smart cockpit visual solution business as CarUX, and the funds raised by CarUX will be used for research and development of technology, which will help CarUX enhance product value and expand business, and will not have any adverse negative impact on the Company’s business.
Expected organizational structure and business adjustments, and the impact of these adjustments on the Company: the Group’s smart cockpit visual solution is independently operated by CarUX. After completing the application for listing on overseas stock markets, CarUX will continue to maintain its existing business. The Company will continue to hold a majority stake in CarUX through its wholly-owned subsidiary Innolux Hong Kong Holding Limited, and CarUX will still be a subsidiary included in the Company’s consolidated financial statements. There have been no organizational structure or business adjustments, and the Company’s substantial control over CarUX will not be affected.

In summary, the application by CarUX for listing on overseas stock markets will have positive benefits for the long-term stable development of the Group.

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C. Way of ownership dispersion and expected reduction in shareholding ratio (or capital contribution): The expected number of new shares to be issued in the application by CarUX for listing on overseas stock markets is not less than 10% of the total share capital of CarUX after issuance. As a result, the Company’s shareholding in CarUX will be reduced by more than 8.59%. However, the ultimate type of securities to be listed, the number of shares issued, and the reduction in shareholding ratio will be determined through consultation between CarUX and the lead underwriter based on local regulations, fund demand, communication with local regulatory authorities, and market conditions.
D. Price setting basis: The price for this issuance will be determined through inquiry in accordance with relevant laws and regulations of the listing country, or by other methods recognized by the local securities regulatory authority after fully considering the existing interests of shareholders, market conditions, and issuance risks.
E. The transferee or specific target of negotiation of equity (or capital contribution): According to the relevant laws and regulations of the listing country, the target to which the new shares are issued is qualified investors who comply with the relevant laws and regulations of the listing country and the regulations of the securities regulatory authority.
F. Whether it affects the Company’s continued listing in Taiwan: The application by CarUX for listing on overseas stock markets shall not be a reason for terminating the listing of the Company’s stock under Article 50-1 of the Operating Rules of the Taiwan Stock Exchange Corporation, and shall be handled in accordance with relevant laws and regulations. After the above application for listing on overseas stock markets, the Company still maintains control over CarUX, and the interests of our existing shareholders can be fully protected, without affecting the Company’s continued listing on the Taiwan Stock Exchange.
G. In order to cooperate with CarUX’s plan to apply for listing on overseas stock markets, it is proposed to request the Company’s shareholders’ meeting to authorize the Chairman and/or authorized person (as applicable) of the Company to adjust the listing plan based on the opinions of relevant government regulatory authorities, the regulations, listing rules and market conditions, or actual applicable situations, and to fully handle matters related to the application by CarUX for listing on overseas stock markets, including but not limited to signing relevant agreements, contracts, and other documents on behalf of the Company (such as signing the main trading agreement and non-competition agreement with CarUX regarding post-listing cooperation arrangements, issuing stock lock-up commitment letters to underwriters, etc.).
H. This proposal is currently under evaluation and planning, and there is still uncertainty and unpredictability regarding whether the application will be submitted in the future, the submission time, the length of review time, and whether the application will be approved.

Resolution:

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(Proposed by the Board of Directors)

Propsal 4: To elect nine Directors (including five Independent Directors)

Explanatory note:

A. The term of office of the 9th Directors of the Company will expire on June 30, 2025.
B. Nine Directors (including five Independent Directors) shall be elected at this Annual Shareholders’ Meeting; the term of office is from May 7, 2025 to May 6, 2028, for a term of three years.
C. The Company's Directors (including five Independent Directors) shall be elected by adopting candidates nomination system in accordance with Articles of Incorporation. Shareholders shall elect the Directors from the list of the candidates. For the educational background, major experience, and other related information of the candidates, please refer to Attachment 7 (page 57~59).
D. It is proposed for election.

Election Results:

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(Proposed by the Board of Directors)

Propsal 5: To approve exemption from non-competition clause for directors of the company Explanatory note:

A. According to Article 209 of the Company Act, a Director who does anything for himself or on behalf of another person that is within the scope of the Company's business, shall explain to the meeting of shareholders the essential contents of such an act and secure its approval.
B. The Director candidates of the Company may have competition situation, under the condition that such competition will not damage to the Company, it is proposed to dismiss the limitation on the non-competition obligation of the Directors, for the dismissed items, please refer to Attachment 8 (page 60).

Resolution:

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Extempore Motions

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Attachment 1

Innolux Corporation 2024 Business Report

Report on the Company's operating results for 2024 as follows.

The global economy faced many complex challenges and opportunities in 2024. Diverse and dynamic trends were presented due to technological innovation, geopolitical changes, environmental issues, and demographic changes; The panel industry, in particular, is facing challenges and adjustments and reveals significant changes in technological innovations and market demands. The Company has demonstrated remarkable resilience in this turbulent environment. Adhering to the core concept of More than Panel, the Company is committed to promoting dual-track transformation, striving for transformation and upgrading in the midst of weak demand, price fluctuations, and technological changes, and has become not only a panel component manufacturer, but also a solution provider for large-area glass refinement. CarUX, our subsidiary, has been moving forward with its automotive Tier 1 system integration supply chain, and is committed to providing one-stop customized services to promote the new realm of in-vehicle display and the new trend of smart life.

The Company has built a diversified business development engine, not only extending the integrated solutions for hardware and software in the technical aspect, but also setting foot in a wide range of applications in the product aspect. We have expanded the medical, automotive, semiconductor industry and other markets, enhanced the capabilities and strengthened the competitiveness of the Company, expanded the maximum value of the Company, and showed our key influence with the spirit of More than Panel. In 2024, the Company achieved positive results, turning from a loss to a profit ahead of the peers in the second quarter, and increasing the full-year profit, with a consolidated net profit of NT$6.7 billion, creating better value for shareholders. According to Bloomberg, the Company’s average TSR (Total Shareholder Return) over the past six years is the highest in the same industry in the world.

Looking ahead, the global economy faces the impacts of technological changes, environmental challenges, geopolitical restructuring and demographic changes. Despite uncertainties, trends such as digitalization, green economy and regional cooperation will bring new motive forces of development to the global economy. The Company will continue to adjust its strategies in the ever-changing environment, seize opportunities, cope with risks, integrate software and hardware, build up strengths, tale expanding co-development with other strategic partners as the goal, and utilize its existing assets for higher value-added applications, in order to gain a competitive edge in the economic landscape of the future.

I. Results of Business Plan Implementation and Budget Execution

For 2024, the Company consolidated sales revenue was NT$ 216,509,919 thousand, up NT$ 4,769,362 thousand, or 2.3%, compared with 2023 (consolidated net sales revenue for 2023 was NT$ 211,740,557 thousand). For 2024, the net profit attributable to owners of the parent company was NT$ 6,472,883 thousand, and the earnings per share was NT$ 0.76.

No financial forecast has been disclosed for 2024, therefore there is no need to disclose budget execution.

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II. Analysis of financial income and expenditure and profitability

	Items	2023	2024
Financial Structure (%)	Debts to assets ratio	35.98	34.78
	Long-term capital to property, plant, and equipment ratio	176.06	199.49
Solvency	Current ratio(%)	152.64	157.71
	Quick ratio(%)	108.70	110.11
	Interest coverage multiplier(times)	(8.60)	8.22
Profitability	Return on assets(%)	(4.65)	2.13
	Return on equity (%)	(7.72)	2.91
	Operating profits as a percentage of paid- in capital(%)	(20.61)	(9.91)
	Net profits before tax as a percentage of paid-in capital(%)	(18.02)	10.30
	Netprofit margin(%)	(8.78)	3.11
	Earningsper share(NT$)	(2.01)	0.76

III. Status of Research and Development

Research and development (R&D) in the display industry is a core area of modern scientific and technological progress, involving the innovation and application of display technology, and is closely related to many industries such as electronic products, consumer electronics, medical equipment, and transportation. As the global digitization accelerates, R&D in the information industry is not only limited to hardware innovations, such as the development of semiconductors, display technologies and Internet of Things (IoT) devices, but also covers software and applications, such as Artificial Intelligence (AI), big data, cloud computing and blockchain technology.

In terms of hardware, advances in semiconductor technology are the cornerstone for the development of the information industry, especially the enhancement of processing speed and energy efficiency. The Company has always been following the concept of technological innovation, especially in the field of thin film transistor (TFT). We continuously improve our efficiency at global-leading level, and apply in multiple fields such as miniLED, microLED, and panel level package (PLP), etc. In addition to improving market competitiveness, the Company also expanded our business layout, and has become a leader within the industry.

In terms of software, breakthroughs in artificial intelligence and machine learning have led to the rapid development of smart applications, ranging from voice recognition and image processing to self-driving technology, all demonstrating the importance of software technology in modern life. With the development of 5G and future 6G technologies, global connectivity will be further enhanced, thus creating more innovative applications integrating multiple fields. The R&D progress of the display industry not only promotes the evolution of technological equipment, but also has a profound impact on consumers’ visual experience, providing unlimited possibilities for economic restructuring, industrial upgrading and social development.

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Aiming at the business opportunity of the accelerated growth of smart cockpit, with the rapid progress of AI and mobile technology, vehicles have evolved into full-featured smart mobile device that connects digital life. CarUX, a subsidiary, is committed to breaking through the limitations of traditional screens, has accumulated years of solid excellent technology and market experience, and will seamlessly integrate safer and richer information and entertainment services into the interior and exterior design of automobiles. We are actively expanding the smart vehicle solutions and are committed to becoming an all-round system provider with deep technologies and broad functions in the smart mobile field.

The Company has also achieved significant progress in multiple fields, making excellent development and achievement. Outstanding achievements in various fields are as follows:

1. Advanced semiconductor packaging

Our plan to transform into an advanced semiconductor packaging and testing company has been recognized by our customers, and we will begin to ship in volume in 2025. In addition to proving our determination to transform, and being recognized by our semiconductor customers, we will also be able to contribute to Taiwan’s leadership in semiconductor and advanced packaging technology. Chip First technology for Fan-Out Panel Level Package (FOPLP) can help customers to reduce die size and cost significantly, maintain high I/O pin count, and reduce overall package thickness to meet the increasingly stringent thickness requirements of cell phones and mobile devices, which is very suitable for applications such as NFC Controller, Audio Codec, PMIC, and Connectivity communication chips. In addition, Chip First technology has also developed thick copper lead technology, which is suitable for application in chips with high voltage, high current, and high heat dissipation requirements. After the Company developed multi-die heterogeneous integrated packaging technology, it was also recognized by automotive semiconductor manufacturers, who appointed the Company to develop the its newly-designed Class III semiconductor multi-die high-power power management IC, and plan for a series of product introduction programs. In the meantime, our unique embedded packaging technology using insulating materials with low dielectric coefficient (Dk) and low dissipation factor (Df) has attracted high interest from international microwave chip customers, who have initiated a series of design parameter validation to develop their next-generation microwave chips, including not only automotive radar applications, but also future gesture control chips.

In addition, the Company’s Advanced Packaging Business Center has also developed a unique multi-point final testing, which can test 16 to 32 chips at a time, greatly improving the testing efficiency and helping customers to reduce the cost of testing, and a number of customers are willing to use the test fixtures to carry out product technology verification.

In terms of RDL first technology, we have the advantage of large square substrate. In addition to the higher area utilization ratio of square substrate compared to 12-inch wafer, AI application chips are designed with larger and larger chip area to enhance the computational

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power of iterative product, and 12-inch wafers can no longer be produced efficiently, instead, the large Fan-Out Panel Level Package (FOPLP) technology must be adopted. The Company has been working on this technology for a long time, and ranks top in this advanced packaging market trend. The Company is also actively deploying RDL interposer, an advanced packaging technology applied to large-size chips, and have been favored by large-scale packaging customers. We have launched a technology validation program to meet the market demand for large-size AI and FPGA chips within one to two years. By then, we will have sufficient largesize substrate capacity to help our customers expand their markets quickly, and we will have a chance to meet the huge AI chip business. In addition to the market demand for large chips, the demand for thin SIP (System-in-Package, which integrates multiple functional chips into one package) is also rising rapidly. In addition to the demand for mobile phones, there is a high demand for thin communication chips in mobile devices such as smartwatches, AR glasses, Bluetooth headsets. Our RDL substrates are crucial in assisting customers with thinning solutions. In addition to achieving the thickness required by customers, the production efficiency of large RDL substrates can satisfy customers’ goals within a certain cost budget.

The year 2025 is also an important milestone in the development of Fan-Out Panel Level Package (FOPLP). In addition to formal mass production, the gradual maturation of many important technologies has attracted more types of customers, providing a shot in the arm for the Company’s transformation into the semiconductor business.

2. Application of miniLED innovative technology

The Company has broken through limitations of traditional back-light technology. By using small and efficient LED lattice, it can make real-time dynamic partition modulation precisely based on the image, thus having the advantages of high brightness, high contrast, wide color gamut, vibrant and bright color, outdoor sunlight readable, and extremely low power consumption. Such technological innovation brings extreme vision effect and lower energy consumption, and is now used in all product lines to serve the broad market demands, with product uniqueness and diversity as the core competitiveness.

A.Transparent MiniLED applications

Transparent MiniLEDs are applied to 5G AI intelligent translation robots, which can receive travelers from all over the world at the counters of hotels, airports, and transportation hubs at any time. Through high-transparency displays and touch interfaces, natural interpersonal interactions are transformed into a warm bridge of communication through digital technology, lowering the barrier between languages and nationalities.

B. MiniLED + Touch Case Application

Create an immersive experience, start an alternative sensory enjoyment, and bring consumers into the MiniLED meta-universe for a fantasy adventure like Alice in Wonderland.

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C. MiniLED Transformable Folding Application

Nowadays, more and more consumers prefer to purchase large-sized smart TVs for their home space to enjoy more extreme and rich audio-visual contents. In view of this trend, the Company has teamed up with PanelSemi to launch the industry-exclusive “130inch P0.75 4K AM MiniLED Foldable TV” to meet the customer needs for large size, high resolution, and energy saving. It is the largest foldable home TV on the market. It adopts excellent LED seamless splicing technology, the industry’s thinnest 0.8mm border design with ultra-narrow bezel and 99.85% screen-to-body ratio to create an immersive viewing experience, and is equipped with the PAM (pulse-amplitude modulation) dimming mode and optical engine. This is an active dimming mode that can alleviate the soreness and fatigue caused by watching traditional LED screens for a long time. It can also continuously display with extremely low current, meeting the demand for green and environmentally friendly products, such as low energy consumption and no heat generation. The special “folding function” design, in addition to convenient storage, solves the pain point of transportation for the oversized screens.

As a new display technology, MiniLED has broad application prospects. MiniLED, together with OLED and MicroLED technologies, will promote the development of the display industry and bring better visual experience and interaction to consumers.

3. Major breakthrough in microLED technology

AM MicroLED third-generation display technology continues to make breakthroughs in terms of end-use applications, technical performance enhancement, and significant improvement in process yields, accelerating the process of commercialization.

Through innovative R&D techniques and diversified business models, this technology has made the Company one of the leading AM MicroLED manufacturers. The color-converted MicroLED seamless free splicing display module and the high-PPI MicroLED flexible panel have both been recognized by a number of awards related to displays. We continue to develop high-reflectivity, high-brightness mirror displays, ultra-high brightness panels (>10,000nits) and high clarity, high resolution transparent displays based on the characteristics of MicroLED, which are different from the existing LCD/OLED panels, create different commercial applications, and continue to increase the shipment volume and reduce the costs.

The Company has obtained more than 580 patents approved by the U.S. based on the profound forward-looking MicroLED technology. The excellent display effect and market potential should not be underestimated. The Company has won a number of technical accolades and affirmations in international exhibitions and national display technology awards, with its high definition, seamless free splicing, fast response speed, low power consumption, super power saving and other outstanding features. It can be applied to intelligent entertainment, such as high-level theaters, museums, and other 8K retina largescale display markets, as well as multiple innovative fields such as smart mobile and smart retail, and is committed to reshaping the new value of the display technology industry.

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4. Unique N3D technology in the globe

The Company has launched a 27-inch glasses-free 3D display that utilizes a proprietary low-crosstalk algorithm to provide superior 3D display quality. The display uses FPGA for real-time 3D rendering, which does not consume computer resources, and can deliver a highly immersive experience without any wearable devices. With the rapid development of the metauniverse, this product brings a brand new visual enjoyment for 3D games and movie watching.

For medical applications, the “Medical Glasses-free 3D Display” developed by the Company won the Taiwan Excellence Gold Award. The Company has actively cooperated with many medical centers to conduct human clinical trials and field demonstrations. The Company also participated in the 2024 SDIA Award with its “Glasses-free 3D Mobile Diagnosis and Treatment Platform” and won the Gold Award in the Innovative Application Category.

Currently, the Company is collaborating with medical experts to develop automated organ 3D reconstruction technologies by combining AI technology. These include AIautomated segmentation of computed tomography (CT) lung images and AI-automated segmentation of brain tumors and arteries and veins from MRI brain images developed in collaboration with neurosurgeons. These innovations have greatly improved the pre-operative planning efficiency of surgeons and promoted the development of intelligent healthcare. At the same time, they provide more intuitive and efficient solutions for medical teaching and surgical assistance, bringing revolutionary breakthroughs in the field of intelligent healthcare.

5. Innovation of vehicle-mounted products

CarUX, a subsidiary of the Company, is committed to breaking through the limitations of traditional screens and proposes the product design concept of “Harmonious User Experience” (HUE), an integrated cabin video solution, as well as the application of newgeneration OLED display technology. CarUX is committed to enhancing the freedom of automotive interior and exterior design and providing customers with more differentiated and flexible space design. In addition, in terms of smart cockpit design, CarUX not only takes safety as the primary consideration, but also combines practical and entertaining functions, and is committed to leading the trend in smart car and exploiting the latest market opportunities.

CarUX provides a full range of “Windshield Reflective Solution” (WRS), including “9.6inch MircoLED AR Reflective Display” and “48-inch Panoramic Reflective Display”, which utilizes MicroLED display modules with high brightness, high resolution, and low power consumption, the stereoscopic images with depth of field, and the exclusive algorithms and interface design to project information onto the windshield of the vehicle. It also integrates functions such as distance and directional indicators with the actual external environment, and provides drivers with essential driving information when they look directly at the road in front of them to enhance driving safety; at the same time, it can also expand the projection range to the passenger side to enjoy a variety of entertainment content, and can be switched to disable the local projection of information at any time to reduce the light source in the cabin and

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enhance comfort. In terms of technology, compared with traditional head-up displays, the volume of the device can be greatly reduced, thus freeing up space in the car. In summary, the WRS solution not only enhances driving safety, but also provides a high-tech, comfortable and flexible design for car interiors, bringing brand new experience for car users.

CarUX and its partner, JDI, have jointly developed the “32-inch OLED Integrated Invehicle Display”. This next-generation OLED “eLEAP” display technology doubles the brightness and triples the lifespan of existing OLED displays on the market, providing customers with better options for OLED displays. eLEAP is also a green technology with an efficient manufacturing process that reduces CO2 emissions by half compared to traditional OLED.

High-pixel-density display of wearable watch

The high-pixel-density “1.39-inch 326 PPI microLED + in cell Touch Wearable Display Watch” is equipped with excellent functions such as ultra-high 326 PPI pixel density, high brightness, high contrast ratio, low power consumption, and thinness. It will bring the users a brand-new high-definition and delicate visual experience and lightweight wearing experience. It is expected that the product validation will be completed in 2025, and the customers will be able to use the product in 2026.

Development of AR augmented reality products

With our leading position in VR/AR display technology and profound development capabilities, the Company fully follows the industry trend. With the launch of innovative products by technology giants such as Meta and Apple, the AR market is booming, presenting huge business opportunities. The Company has rich experience in AR hardware development, and especially has a unique advantage in the new form of dynamic liquid crystal dimmers. In response to the market trend, the Company will actively evaluate innovative directions such as lightweight AR glasses and AI integration applications, continue to strengthen our technology research and development, deepen our partnership with customers, and timely invest in the development of solutions with market potential, in order to drive growth momentum through technological innovation and to maximize value for our shareholders.

Revolution of notebook market

The Company continues to innovate in the field of notebook display technology, uses the LTPS process and IBL technology to achieve the product features of thinner thickness, lighter weight, and lower power consumption, provides the best solution for mobile business, and further optimizes performance and energy efficiency. At the same time, the Company promotes diversified touch solutions to enhance human-machine interaction and application flexibility.

To meet market demand, the Company has launched high-resolution, high-refresh rate, and variable refresh rate (VRR) e-sports products to provide players with a smooth gaming experience; continuously upgrades the E-privacy technology to integrate information security and portable design to meet the needs of business applications. In the future, we will continue to promote market development by focusing on user needs and innovative technologies.

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The Company has launched the world’s first 14-inch FHD+ Dual Mode Anti-peep Monitor, a new generation of Dual Mode Switchable Anti-peep Monitor, which adopts the exclusive new anti-peep panel design and the high brightness, wide viewing angle backlight technology, allowing users to quickly switch functions with one click to meet the dual needs of privacy protection mode and information sharing mode. In addition, the wide viewing angle design of the sharing mode can enhance the user’s eye comfort and maintain the best viewing quality of the display panel. Meanwhile, through the LC process parameter adjustment technology, the Company can customize the design of the anti-peep angle according to the customer’s needs, allowing the “14-inch FHD+ Dual Mode Anti-peep Monitor” to be expanded into more innovative applications in the future, such as banks, hospitals, and airport security, creating unlimited business opportunities.

In addition, the Company also exhibited “14-inch QHD+ Ultra Slim Panel”, which combines a lightweight body with vibrant colors to reduce module weight and is equipped with 100% DCI-P3 wide color gamut technology. It is tailor-made for the mobile business market, and will greatly satisfy the mobile office needs of students and businessmen. The Company also actively launched the “14-inch and 16-inch FHD+ touch screens”, which support finger-touch operation, can be integrated with the latest AI technology to provide participatory and interactive learning courses, and significantly enhance the learning interactivity and creative expression. These touch screens make the learning process more interesting, effectively lower the learning threshold through multi-sensory interactions, stimulate students’ creativity and passion for learning, and help students understand the content in depth, draw, sketch, or take notes on them, thus further strengthening the learning motivation and improving the learning effect.

Innovation and upgrading in industrial control and consumer electronics markets

In response to the rapid development of smart city and outdoor display demands, the Company drives the comprehensive upgrade of display panels in various fields, actively introduces MiniLED backlight technology into industrial control and consumer electronics products, breaking through the limitations of traditional backlight and injecting new value into the market.

The newly launched “17.3-inch and 23.8-inch MiniLED Outdoor Displays” are equipped with advanced MiniLED backlight technology and designed for outdoor applications. Even under strong sunlight, they can still provide clear images with excellently high brightness, high contrast ratio, and wide color gamut. With dynamic zoning adjustment, they not only display deep black and delicate image quality, but also take into account the low power consumption design, which greatly enhances the market competitiveness.

Currently, the Company’s MiniLED displays have been successfully deployed in outdoor sports events, commercial retail, cultural entertainment, and other fields. The Company is also actively expanding into emerging markets such as marine, drones, electronic digital boards,

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and charging piles, to meet diversified needs. We are also promoting integrated touch solutions, which are expected to significantly increase the adoption rate of touch technology in products for the industrial control and consumer electronics markets, and to meet the interactivity and application needs of different scenarios.

10.Diversified market layout of display and TV industry

In terms of OEM/ODM products, we have secured orders from major TV brands in North America and Mainland China, and expanded our business to multi-function mobile displays, touch intelligent fields, 3D immersive effects, and oversized products, etc.

We have extended the production advantage of the OEM/ODM n to provide a wide range of monitor sizes, including portable monitors. The key technology is super energy-saving and power-saving within 15W. Medium-sized product can be used with tripod type StanbyME machine, so that the user can use it anytime and anywhere. The large size, static, ultra-lowreflective display can also be used for gallery exhibition to provide consultation for the art circles.

11.High-end gaming level screen

The MNT FHD100 ES8.0 is specially designed to improve panel transmittance and backlight efficiency, providing customer value. It can be upgraded to the FHD144 ES9.0+FreeSync, which combines the needs of paperwork and gaming and realizes the homeoffice-entertainment integration, showing a superb cost performance ratio.

The 2D/3D Switch high-end display not only provides a variety of applications in 2D, but also can be switched to 3D mode to present a glasses-free stereoscopic effect, providing more immersive entertainment stimulation and allowing professionals to operate in a more precise work environment.

The TV HFR specification is further advanced to 4K 165Hz, and it is used with the Company’s self-developed algorithms to present 4K1K 330Hz excellent definition, providing end consumers with larger gaming experience and clearer and latency-free experience of sports events.

12.Screen of display specification for medical use

3D minimally invasive surgery has gradually become the mainstream of modern medical treatment. The Company continues to develop technologies in medical applications and cooperates with international endoscope manufacturers to combine light field and eyeball tracking technologies to continuously improve the procedure and quality of surgical operations, benefiting more patients. In terms of diagnostic panels, the Company continues to expand its market share with ultra-high contrast ratio and excellent dark uniformity. Recently, we have been actively developing MicroLED for future high-end medical products.

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13.LC Window solution

Adhering to the concept of environmental protection and energy saving, the Company is committed to the research and development of innovative technologies and has successfully launched the liquid crystal dimming intelligent glass (LCW) series products. The product has the characteristic of quick response and can dynamically adjust the light transmittance with the change in ambient light to realize the ideal lighting effect. Its advanced thermal insulation structure can effectively block solar radiation heat and ultraviolet rays, enhancing indoor comfort and safety while significantly reducing the energy consumption of air conditioner. In addition, the product has the function of replacing traditional curtains and can realize light control without additional shading devices, which helps reduce indoor dust mite breeding and ensure good air quality, fully demonstrating the Company’s commitment to environmental protection and sustainable development.

The application of liquid crystal dimming intelligent glass has expanded from the architectural field to the automotive market, and provides innovative solutions for a wide range of automotive scenarios. The sunroof and side windows overcome the limitation of fixed transmittance of traditional insulation paper through dimming technology, and can be automatically adjusted according to the external light conditions to further optimize the sunshading and lighting performance; the sun visors are equipped with automatic light sensing function, and can be intelligently adjusted to cope with the strong light in front of the driver, which not only ensures the clarity and integrity of the driver’s field of vision, but also enhances the convenience of driving; For the rearview mirror, it can effectively reduce the strong glare interference from the vehicle behind, providing a more comfortable visual environment, further enhancing driving safety and fully realizing the safety-centered design concept.

14.Innovation in satellite communications

The LC Meta-Surface Antenna mass-produced by the Company has been certified by OneWeb, an international low-orbit satellite operator, and has been put into service in Taiwan in 2024; low-orbit satellites will become the next trend in the industry. Compared with highorbit satellites, low-orbit satellites require faster and more advanced electronic components, which is precisely the specialty of Taiwanese companies. Low-orbit satellites are a fastgrowing business worldwide. Over the past 10 years, the number of satellites in the world has grown from approximately 1,000 to nearly 8,000, with the main driving force of low-orbit satellites, which have grown seven-fold due to efficient launch costs and technological innovations.

In response to the low-orbit satellite market, the Company has not only deepened its cooperation with existing first-tier low-orbit satellite flat-panel antenna manufacturers, but also actively developed GCB (Glass Circuit Board) technology. Through the MLS (Micro Level Service) provided by the Company’s G3.5 LTPS, we provide more efficient and cost-effective solutions for low-orbit satellites.

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IV. The Company’s digital transformation further upgraded - from internalization to external empowerment

As the wave of digital transformation progresses, the Company has been actively promoting its transformation and development by adhering to the core business philosophy of “More than Panel” dual-track transformation. In April 2024, the Intelligent Automatic Solutions Business Unit (IAS) was established to integrate the original automation team and provide more efficient and value-added innovative solutions to serve both internal and external customers from the perspectives of technology research and development, product development, manufacturing, sales, and marketing. IAS covers three major product lines: intelligent manufacturing, intelligent healthcare, and artificial intelligence added value, focuses on applications in manufacturing and healthcare, and is committed to providing one-stop solutions integrating software and hardware and becoming a Total Solution Provider.

In the intelligent manufacturing field, facing an increasingly competitive global market with diversified demands, shorter lead time, and increased cost pressures, IAS has responded to these challenges through the integration of intelligent and flexible production lines, wide-area IoT (Internet of Things), intelligent logistics warehouse management, and precise detection technologies, plus the integration of big data analysis (Data Services), and can provide digital simulation and optimal design of a full range of product lines from production, process materials transfer to precision testing according to the specific customer needs; introduce unmanned transport vehicles (AMR/AGV) to the packaging and testing processes of internal and external customers to reduce the reliance on manpower, and plan to expand to semiconductor and other manufacturing plants and other fields in the future; in addition, through real-time IoT central control network and Data Services, we provide tailor-made equipment and solutions to enhance the real-time performance and accuracy of the overall system, improve equipment health management, provide the basis for maintenance decisions, realize the comprehensive optimization of the production process, accurately control the key factors and optimal parameters in the production process, and enhance the process capability to significantly increase the yield rate and reduce operating costs, and assist customers in building a high-efficiency, intelligent, and flexible digital factory of the future.

In the intelligent healthcare field, IAS leverages the core capabilities of AI and automation to develop smart pharmacy solutions, including: (1) a time-saving, labor-saving, and high spaceefficiency smart warehousing system; (2) a guided smart dispensing station to assist pharmacists in completing the dispensing of prescriptions smoothly and accurately to ensure compliance with medical orders; (3) a visually-guided, two-way cabinet for controlling the delivery progress of medicines; (4) a safe, labor-saving following/powered medicine trolley that can also be used in non-transport areas; and (5) Intelligent chemotherapy drug dispensing equipment developed in collaboration with the medical centers, which is not only developed in Taiwan, but also combines AI image recognition and medical-grade robotic arm for precise dispensing to help reduce the workload of healthcare workers, enhance workplace safety, and alleviate the problem of medical

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manpower shortage, and has already been put into actual use in the medical centers. At the same time, LLM is utilized to develop generative AI solutions to improve the recording efficiency of nursing service information and enhance the quality of care and job satisfaction of nursing staff.

Meanwhile, in terms of artificial intelligence added value, IAS has the research capacity to develop large-scale language models, and can help enterprises to quickly establish language models familiar with their own fields, so as to protect sensitive information, avoid data leakage, and effectively avoid the illusionary problems of general LLM; in addition, using generative AI technology, IAS has developed Domain Knowledge Assistant (DKA) intelligent platform, which can help enterprise staff save time on knowledge document search and enhance the efficiency of knowledge application. DKA provides excellent support for applications such as employee training, equipment maintenance, and organizing marketing and technical documents.

IAS, as a start-up business unit of the Company, shows strong potential and good market prospects in the field of intelligent automation. We will continue to transform our existing projectbased services into modular, platform-based, and commercialized products to increase replicability and profitability and develop a new sale-service business model to create profits. Looking into 2025, IAS is expected to achieve rapid growth in the next few years and become an important business growth point of the Company through continuous innovation and development based on its technological advantages of software and hardware integration.

In the future, the Company will continue to follow the “Three Six-Year Plan”. In the first six-year, the Company has achieved stable vitality and profitability; in the next six-year, the Company will overcome the difficulties, transform the business model, and expand its businesses to embrace the business opportunities of a brand new era; in the third six-year, the Company will make joint efforts to achieve sustainable operations and stable profits.

The Company will continue to deepen our display business, develop advanced packaging technologies, and maintain manufacturing value-added systems, digital conversion, and data analysis. We will transform our business towards semiconductor, healthcare, and automation.

Chairman: Managerial Officer: Chief Accountant:

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Attachment 2

To 2025 Annual Shareholders’ Meeting of the Company

Audit Committee Review Report

The Board of Directors has duly submitted the 2024 business report, financial statements, and the proposal of earnings distribution. The financial statements have been duly reviewed and approved by CPAs of PwC Taiwan with the issuance of Independent Auditor’s Report.

The Audit Committee of the Company, have completed the audit and review, and had found nothing inconsistent with any of the above business report, financial statements, and the proposal of profit and loss appropriation. Therefore, I issue this audit report for acknowledgment in accordance with the Securities and Exchange Act and the Company Act.

Convener of the Audit Committee Hsieh, Chi-Chia Date: March 13, 2025

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Attachment 3

Report on the Implementation of the Sound Operation Plan of the Capital Reduction Plan in 2024

According to the Letter Tai-Zheng-Shang-Yi-Zi-No. 1131803110 of the Taiwan Stock Exchange on July 8, 2024, the implementation status of the Company’s sound operation plan was reported to the Board of Directors on a quarterly basis for control and management, and was reported to 2025 Annual Shareholders’ Meeting.

According to Article 72 of “Regulations Governing the Offering and Issuance of Securities by Securities Issuers”, the Company proceeded with cash capital reduction in July 2024, and submitted relevant sound operation strategy and expected results. The achievement status is described as follows:

Promoting transformation and following the core concept of “More than Panel”, Innolux reorganized its organization into the “Display domain” and the “Non-display domain”. The operation was improving quarter by quarter, and the operating income turned from loss to profit as expected in the second quarter of 2024. The gradual implementation of the proposed operating policy has made achievement.

The operating income in the second quarter of 2024 turned from loss to profit, with an operating income rate of 0.6%, better than expected (0.2%).

Unit: NT$ thousand

					Unit: NT$ thousand	Unit: NT$ thousand
Items	2024 Q1		2024Q2(FCST)		2024Q2(Act)
Total operating revenue	50,492,208	100.0%	56,136,800	100.0%	56,860,685	100.0%
Operating costs	48,350,800	95.8%	50,696,164	90.3%	51,149,665	90.0%
Gross profit (loss)	2,141,408	4.2%	5,440,636	9.7%	5,711,020	10.0%
Operating expenses	5,312,453	10.5%	5,334,642	9.5%	5,346,941	9.4%
Operating income (loss)	(3,171,045)	-6.3%	105,994	0.2%	364,079	0.6%
Non-operating income (expenses)	(542,903)	-1.1%	737,873	1.3%	1,117,842	2.0%
Net loss before tax	(3,713,948)	-7.4%	843,867	1.5%	1,481,921	2.6%

The results of the operation goal of each business group are as follows:

 ILS BG:

(1) TV: Compared to last year, the scale of the commercial display PID (Public Information Display) grew by 64% in the first half of this year (expanding rail transit/Outdoor/charging pile applications), and was continued heading to the goal of a three-fold increase.
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(2) MNT: The UD/QD goal was to increase from 30% to 40%, and a 45% increase was achieved in the first half of this year, better than expected.
(3) MAA: Medical/Avionic grew by 8.5% this year, and continued heading to the goal of doubling profits in 5 years.

 IMS BG:

The goal of NB, CE and IA operating revenue proportion was to increase from 60% to 70%, and it was 78% in the first half of this year, better than expected.

 PLP BU:

(1) The Company was involved in the semiconductor fan-out panel level package (FOPLP), and actively cooperated with the semiconductor industry. Chipfirst has been certified by customers and will be launched by the end of the year, and RDL and TGV are working with their partners to develop and negotiate specifications, committed to becoming a provider of glass-related solutions.
(2) The phase II of the expansion of production has been approved as scheduled. As the budget expenditure is dynamically adjusted according to the order control status in 2025, it is expected to achieve mass production in the second half of 2025.

 CarUx:

(1) The operating revenue was NT$40 billion last year, and it will exceed NT$50 billion, achieving double-digit growth and better than expected.
(2) The goal of operating revenue proportion of the main product LID (Large Information Display) was to increase to over 40%, and could reach 42% this year, better than expected.

 InnoCare:

The IGZO and AXI (industrial detection application) market growth driver slowed down, the strategy was adjusted in response to the X-ray flat panel sensor (FPD). This project grew by over 20%, with the shipment ranking first worldwide and the market share reaching 50%.

 IAS BU:

The new intelligent automation business unit established in April this year is advancing in the direction of intelligent manufacturing, intelligent medicine and AI value-added service, and involved in cross-boundary diversified field applications. It is expected to increase the operating contribution in 2025.

Looking into the future, the Company will continue to deepen the transformation, accelerate the increase in the business proportion of the non-display field, reduce the impact of the business cycle via diversification development, continue to create better value for shareholders, and pursue sustainable development.

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Attachment 4

Independent Auditors’ Report and Financial Statements

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Attachment 5

InnoLux Corporation 2024 Earnings Distribution Table

Unit: NT$

InnoLux Corporation 2024 Earnings Distribution Table	Unit: NT$
Item	Amount
Net income after tax of 2024 Add: Remeasurements of the net defined benefit plan of 2024 Disposal of equity instruments of measured at fair value through other comprehensive income Reversal of special reserve (Note 1) Deduct: Legal reserve Retained earnings available for distribution as of 2024 Add: Unappropriated retained earnings of previous years Unappropriated retained earnings as of December 31, 2024 Distribution Item (Note 2): Cash dividends of common stock (NT$ 0.75 per share)	6,472,882,677 39,699,438 1,781,628,450 3,790,021,243 829,421,057 11,254,810,692 20,120,581,692 31,375,392,443 5,988,843,853 25,386,548,590
Unappropriated retained earnings

Note 1: The Company shall set aside a special reserve from the reversal of deduction from shareholders’ equity (including Financial statements translation differences of foreign operations, Unrealized gains or loss on financial assets measured at fair value through other comprehensive income) for the current fiscal year.
Note 2: The retained earnings of 2024 are distributed first, in accordance with the Articles of Incorporation of the Company and the resolution of shareholders’ meeting.

Chairman: Managerial Officer: Chief Accountant:

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Attachment 6

Comparative table for Amendment to Articles of Incorporation

Article No.	The Current Article	The Amended Article	Reasons for Amendment
Article 12	The Company shall have five to nine directors for a term of three years. The candidates’ nomination system is adopted by the Company, the directors shall be elected by shareholders’ meeting from the roster of candidates, and he/she may be eligible for re-election. The number of directors shall be decided by the board of directors. In the process of electing directors at a shareholders' meeting, the number of votes exercisable in respect of one share shall be the same as the number of directors to be elected, and the total number of votes per share may be consolidated for election of one candidate or may be split for election of two or more candidates. A candidate to whom the ballots cast represent a prevailing number of votes shall be deemed a director elect.	The Company shall have five to nine directors for a term of three years. The candidates’ nomination system is adopted by the Company, the directors shall be elected by shareholders’ meeting from the roster of candidates, and he/she may be eligible for re-election. The number of directors shall be decided by the board of directors. among of the number of directors above, at least three of which shall be independent directors, and not less than one-third of the total number of directors. In the process of electing directors at a shareholders' meeting, the number of votes exercisable in respect of one share shall be the same as the number of directors to be elected, and the total number of votes per share may be consolidated for election of one candidate or may be split for election of two or more candidates. A candidate to whom the ballots cast represent a prevailing number of votes shall be deemed a director elect.	To comply with the amendment of the regulations.
Article 12-1	~~Pursuant to Article 14-2 of Securities~~ ~~and Exchange Act, a~~mong of the number of directors above, at least three of which shall be independent directors, and not less than one-fifth of the total number of directors~~. In case a candidate nomination~~ ~~system is adopted, the shareholders’~~ ~~meeting shall elect the directors from~~ ~~among the nominees listed in the roster of~~ ~~director candidates.~~	Delete	Incorporated into Article 12, paragraph 2
Article 21	The distribution of employees' compensation shall not be lower than 5% of and the directors’ compensation shall not be higher than 0.1% of the current year pre-tax income before deducting the distributable employees’ and directors’ compensation of the Company. However, the Company's accumulated losses shall have been covered. The company shall, by a resolution adopted by a majority vote at a meeting of board of directors attended by two-thirds	The distribution of employees' compensation shall not be lower than 5%, of which no less than 3% will be used as employee remuneration distribution for grassroots employees;of and the directors’ compensation shall not be higher than 0.1% of the current year pre-tax income before deducting the distributable employees’ and directors’ compensation of the Company. However, the Company's accumulated losses shall have been covered.	To comply with the amendment of the regulations.

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Article No.	The Current Article	The Amended Article	Reasons for Amendment
	of the total number of directors, have the profit distributable as employees' compensation distributed in the form of shares or in cash and have the profit distributable as director’s compensation in the form of cash; and in addition thereto a report of such distribution shall be submitted to the shareholders' meeting. The target to be distributed employees’ compensation in the form of shares or cash may include employees of subsidiary companies who conform to certain criteria. Relevant regulations shall be authorized to be prescribed by the board of directors.	The company shall, by a resolution adopted by a majority vote at a meeting of board of directors attended by two-thirds of the total number of directors, have the profit distributable as employees' compensation distributed in the form of shares or in cash and have the profit distributable as director’s compensation in the form of cash; and in addition thereto a report of such distribution shall be submitted to the shareholders' meeting. The target to be distributed employees’ compensation in the form of shares or cash may include employees of subsidiary companies who conform to certain criteria. Relevant regulations shall be authorized to be prescribed by the board of directors.
Article 26	This Articles of Incorporation was made by all promoters on November 21, 2002. The first amendment was made on March 21, 2003, the second amendment was made on May 19, 2004, the third amendment was made on December 10, 2004, the fourth amendment was made on June 28, 2005, and the fifth amendment was made June 16, 2006. ……(Omitted hereunder.) The 21th amendment was made on June 24, 2022.	This Articles of Incorporation was made by all promoters on November 21, 2002. The first amendment was made on March 21, 2003, the second amendment was made on May 19, 2004, the third amendment was made on December 10, 2004, the fourth amendment was made on June 28, 2005, and the fifth amendment was made June 16, 2006…… (Omitted hereunder.) The 20th amendment was made on July 1, 2021. The 21th amendment was made on June 24, 2022. The 22th amendment was made on May 7, 2025.	Clarify the Articles of Incorporation revision history.

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Attachment 7

List of the Candidates of Directors (including five Independent Directors)

Title	Name	Gender	Major Education	Experience		Major Current Positions	Shareholdings (shares)*	Name of the government or legal entity represented
Director	Hung, Jin-Yang (洪進揚)	male	MBA, Columbia University, Department of Business Administration, USA	Associate Vice President, Foxconn Group President, TCC International Holdings Limited Managing Director, BNP Paribas Asset Management Executive Director, Goldman Sachs Group, Inc.	The same group	Chairman and CEO, Innolux Corporation Chairman and CEO, CarUX Holding Limited Chairman and CEO, CARUX TECHNOLOGY PTE. LTD. Chairman, InnoJoy Investment Corporation Chairman, Yuan Chi Investment Co., Ltd. Director, INNOLUX HOLDING LIMITED Director, ROCKETS HOLDING LIMITED Director ,STANFORD DEVELOPMENTS LIMITED Director, Suns Holding Ltd Director, Landmark International Ltd. Director ,Keyway Investment Management Limited Director, TOPPOLY OPTOELECTRONICS (B.V.I.) LTD. Director ,Innolux Hong Kong Holding Limited Director, CarUX Technology Hong Kong Holding Limited Director, TOPPOLY OPTOELECTRONICS (CAYMAN) LTD. Director, Warriors Technology Investments Ltd Director, CarUX Technology Taiwan Inc. Director,Innolux Educational Foundation	1,651,311	N/A
						Director,FI Medical Device Manufacturing Co., Ltd.
Director	Yang, Chu-Hsiang (楊柱祥)	male	M.S., Chemical Engineering, National Central University, Taiwan	Associate Vice President, Chi Mei Optoelectronics Corporation Deputy Section Manager, Chunghwa Picture Tubes, Ltd	The same group	Chairman, InnoCare Optoelectronics Corporation President and COO, Innolux Corporation Director, Innolux Singapore Holding Pte. Ltd. Director, CarUX Holding Limited Director, Innolux Japan Co., Ltd. Director, INNOCARE OPTOELECTRONICS USA, INC. Director, CARUX TECHNOLOGY PTE. LTD. Director, InnoJoy Investment Corporation Director, Yuan Chi Investment Co., Ltd. Director,GIO Optoelectronics Corp. Director, CarUX Technology Taiwan Inc. Director,Innolux Educational Foundation	1,415,310	Innolux Education Foundation
					Director, FI Medical Device Manufacturing Co., Ltd. Director, Epileds Technologies, Inc. Director,KA Imaging Inc.

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Title	Name	Gender	Major Education	Experience	Major Current Positions	Major Current Positions	Shareholdings (shares)*	Name of the government or legal entity represented
Director	Yang,Hung-wen (楊弘文)	male	Master of Chemical Engineering, National Cheng Kung University	Representative Director of Innolux Corporation Factory Director , HannsTouch Solution Incorporated. Factory Director, AUO Corporation Deputy Factory Director, Unipac Optoelectronics Corporation R&D Engineer, Chang Chun Group	Director, Innolux Educational Foundation Executive Vice President and General Manager of IoT Mobile Solution Business Group, Innolux Corporation		706,793	N/A
Director	Hsieh,Chi-Chia (謝其嘉)	male	Ph. D of Mechanical Engineering, Santa Clara University, USA	Chairman, IQE Taiwan Corporation Director, Advanced Wireless Semiconductor Company Director, Taiwan Cement Corporation	The same group	Chairman, Microelectronics Technology, Inc. Chairman, Jupiter Network Corp. Chairman, Welltop Technology Co.,Ltd. Chairman,Taicom Capital Limited Director, Bright LED Electronics Corp Director, Henan Bright Crystal Company Limited Director, Sasson International Holdings Inc. Director, Member of Remuneration Committee KOPIN CORP.Kopin Corp. Director, Bright Crystal Company Limited Director, TCM Limited Director, Jiang Yang Technology (Wuxi) Co., Ltd. Director, KoBrite Corp. Director, MTI Laboratory Inc. Director, RadioComp ApS	－	N/A
Independent Director	Hsieh,Yong-Fen (謝詠芬)	Female	Ph.D., Materials Science, National Tsing Hua University, Taiwan	Senior Manager, United Microelectronics Corporation Manager, Unipac Optoelectronics Corporation Director of AU Optronics Corp.	The same group	Chairman and CEO,Materials Analysis Technology Inc. Chairperson, ARQ Ltd. Chairperson, MA-tek (Shanghai) Ltd Chairperson, MA-TEK USA Chairperson, MA-tek (Xiamen) Ltd. Chairperson, MA-tek Educational Consulting (Xiamen) Co., Ltd. Chairperson, Workflow Enhancement Technology Inc Chairperson, Ya Sih Technology Co., Ltd Chairperson, MA-tek (Suzhou) Ltd.	－	N/A
					Independent director, San Fu Chemical Co., Ltd.
Independent director	Wu, Chih-I (吳志毅)	male	Ph.D., Electrical Engineering, Princeton University, USA M.S., Physics, Northwestern University, USA B.S., Physics, National Taiwan University, Taiwan	Professor, Department of Electrical Engineering & Graduate Institute of Electro-Optical Engineering, National Taiwan University Senior Engineer and R&D Team Leader at Intel Corporation	Professor of Department of Electrical Engineering/Institute of Optoelectronics/Institute of Electronics, National Taiwan University		－	N/A

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Title	Name	Gender	Major Education	Experience	Major Current Positions	Shareholdings (shares)*	Name of the government or legal entity represented
Independent director	Wu, Chih-Wei (吳志偉)	male	MBA, California State University, USA	Independent Director, Cathay Real Estate Development Co., Ltd. Independent Director, Preferred Bank (CA) Director, Longchen Paper & Packaging Co., Ltd. Independent Director, Les enphants Co., Ltd. Supervisor, Taiwan Farm Industry Co., Ltd. Director, HEMATECH BIOTHERAPEUTICS INC. Chairman, Zhide Investment Co., Ltd. CEO, Credit Suisse AG Executive Chairman, Standard Chartered Bank	Independent Director,Sinyi Realty Inc. Director, Longchen Paper & Packaging Co., Ltd. Independent Director, Preferred Bank (CA)	－	N/A
Independent director	Shen, Shin-Bei (申心蓓)	Female	Master of Laws (LL.M.) from University of Southern California National Taiwan University College of Management EMBA Finance and Banking Group College of Science and Technology Law and Institute of Science and Technology Law, National Yang Ming Chiao Tung University	Legal and Human Resources Director, WPD TAIWAN ENERGY CO., LTD. Advisor, TSAR & TSAI Law Firm Prosecutor, District Prosecutors Office, Ministry of Justice, Taiwan	Chairperson,Infinite Dimension Management Consultants Co., Ltd. Chairman of the ESG (Enterprise Sustainability Management) Committee of the All-China Lawyers Association Independent Director,Cica-Huntek Chemical Technology Taiwan Co. Independent Director,Merdury Biopharmaceutical Corporation Director of the World Taiwan Foundation Asia Pacific Center (STUF APC) and Executive Director of the COP Project Supervisor ,Deyi Strategic Public Relations Consulting Co., Ltd.	－	N/A
Independent director	Chang,Feng-Kan (張豐淦)	male	Dual Master's Degree in Accounting and Taxation from the University at Albany, State University of New York	Chief Operating Officer/Partner, Tax Department, Deloitte Touche Tohmatsu CPA LLP Chairman of Taipei Certified Public Accountants Association	Chairperson,IMazars Management Consultants Co., Ltd. Representative Director of Athena Watch Industry Co., Ltd. Branch Manager of Taiwan Branch of Singapore-based Quanzhi Technology Co., Ltd. Independent Director,GrandTech Cloud Services Inc.	－	N/A

Shareholdings as of March 9, 2025.
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Attachment 8

Details of the Duties Subject to Exempting the Candidates of Directors (Independent Directors) from Non-competition

Title	Name	Currently essentialpositions in other companies
	Hung, Jin-Yang	Director, FI Medical Device Manufacturing Co., Ltd.
Director
	(洪進揚)	Director,CarUX TechnologyTaiwan Inc.

		Chairman, InnoCare Optoelectronics Corporation
		Director, FI Medical Device Manufacturing Co., Ltd.
	Yang, Chu-Hsiang	Director, GIO Optoelectronics Corp.
Representative
	(楊柱祥)	Director, CarUX Technology Taiwan Inc.

		Director, Epileds Technologies, Inc.
		Director,KA ImagingInc.
		Chairman, Microelectronics Technology, Inc.
		Chairman, Jupiter Network Corp.
		Chairman, Welltop Technology Co., Ltd.
		Chairman, Taicom Capital Limited
		Director, Bright LED Electronics Corp
		Director, Henan Bright Crystal Company Limited
		Director, Sasson International Holdings Inc.
	Hsieh, Chi-Chia
Director		Director, Member of Remuneration Committee KOPIN CORP.Kopin
	(謝其嘉)
		Corp.

		Director, Bright Crystal Company Limited
		Director, TCM Limited
		Director, Jiang Yang Technology (Wuxi) Co., Ltd.
		Director, KoBrite Corp.
		Director, MTI Laboratory Inc.
		Director,RadioCompApS
		Chairman and CEO, Materials Analysis Technology Inc.
		Chairperson, ARQ Ltd.
		Chairperson, MA-tek (Shanghai) Ltd
		Chairperson, MA-TEK USA
	Hsieh, Yong-Fen	Chairperson, MA-tek (Xiamen) Ltd.
Independent Director
	(謝詠芬)	Chairperson, MA-tek Educational Consulting (Xiamen) Co., Ltd.

		Chairperson, Workflow Enhancement Technology Inc
		Chairperson, Ya Sih Technology Co., Ltd
		Chairperson, MA-tek (Suzhou) Ltd.
		Independent director,San Fu Chemical Co.,Ltd.
		Independent Director, Sinyi Realty Inc.
	Wu, Chih-Wei
Independent Director		Director, Longchen Paper & Packaging Co., Ltd.
	(吳志偉)
		Independent Director,Preferred Bank

		Chairperson, Infinite Dimension Management Consultants Co., Ltd.
	Shen, Shin-Bei	Independent Director, Cica-Huntek Chemical Technology Taiwan Co.
Independent Director
	(申心蓓)	Independent Director, Merdury Biopharmaceutical Corporation

		Supervisor,Deyi Strategic Public Relations ConsultingCo.,Ltd.
		Consultants Co., Ltd.
		Representative Director of Athena Watch Industry Co., Ltd.
	Chang, Feng-Kan
Independent Director		Branch Manager of Taiwan Branch of Singapore-based Quanzhi
	(張豐淦)
		Technology Co., Ltd.

		Independent Director,GrandTech Cloud Services Inc.

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Appendix 1 InnoLux Corporation Rules of Shareholders’ Meeting

Article 1 To establish a strong governance system and sound supervisory capabilities for the shareholders’ meetings of the Company, and to strengthen management capabilities; these Rules are adopted pursuant to Article 5 of the Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies.

Article 2 The rules of procedures for the shareholders’ meetings of the Company, except as otherwise provided by law, regulation, or the Articles of Incorporation, shall be as provided in these Rules.

Article 3 (Convening shareholders meetings and shareholders meeting notices) Unless otherwise provided by law or regulation, the shareholders’ meetings of the Company shall be convened by the board of directors.

Changes to how the Company convenes its shareholders meeting shall be resolved by the board of directors, and shall be made no later than mailing of the shareholders meeting notice.

The Company shall prepare electronic versions of the shareholders’ meeting notice and proxy forms, and the origins of and explanatory materials relating to all proposals, including proposals for ratification, matters for deliberation, or the election or dismissal of directors, and upload them to the Market Observation Post System (MOPS) before 30 days before the date of a regular shareholders’ meeting or before 15 days before the date of a special shareholders’ meeting. The Company shall prepare electronic versions of the shareholders’ meeting agenda and supplemental meeting materials and upload them to the MOPS before 30 days before the date of the regular shareholders’ meeting or before 15 days before the date of the special shareholders’ meeting. In addition, before 15 days before the date of the shareholders’ meeting, the Company shall also have prepared the shareholders’ meeting agenda and supplemental meeting materials and made them available for review by shareholders at any time. The meeting agenda and supplemental materials shall also be displayed at the Company and the professional shareholder services agent designated thereby.

The Company shall make the meeting agenda and supplemental meeting materials in the preceding paragraph available to shareholders for review in the following manner on the date of the shareholders meeting:

For physical shareholders meetings, to be distributed on-site at the meeting.
For hybrid shareholders meetings, to be distributed on-site at the meeting and shared on the virtual meeting platform.
For virtual-only shareholders meetings, electronic files shall be shared on the virtual meeting platform.
The reasons for convening a shareholders meeting shall be specified in the meeting notice and public announcement. With the consent of the addressee, the meeting notice may be given in electronic form. Election or dismissal of directors, amendments to the Articles of Incorporation, reduction of capital, application for the approval of ceasing its status as a public company, approval of competing with the Company by directors, surplus profit distributed in the form of new shares, reserve distributed in the form of new shares, the dissolution, merger, or demerger of the Company, or any matter under Article 185, paragraph 1 of the Company Act, Articles 26-1 and 43-6 of the Securities Exchange Act, Articles 56-1 and 60-2 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall be set out and the essential contents explained in the notice of the reasons for convening the shareholders’ meeting. None of the above matters may be raised by an extemporary motion.

Where re-election of all directors as well as their inauguration date is stated in the notice of the reasons for convening the shareholders meeting, after the completion of the re-election in said meeting such inauguration date may not be altered by any extraordinary motion or otherwise in the same meeting. A shareholder holding one percent (1%) or more of the total number of issued shares may submit to the Company a proposal for discussion at a regular shareholders’ meeting. The number of items so proposed is limited to one only, and no proposal containing more than one item will be included in the meeting agenda. When the circumstances of any subparagraph of Article 172-1, paragraph 4 of the Company Act apply to a proposal put forward by a shareholder, the board of directors may exclude it from the agenda. A shareholder may propose a recommendation for urging the Company to promote public interests or fulfill its social responsibilities, provided procedurally the number of items so proposed is limited only to one in accordance with Article 172-1 of the Company Act, and no proposal containing more than one item will be included in the meeting agenda.

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Prior to the book closure date before a regular shareholders’ meeting is held, the Company shall publicly announce its acceptance of shareholder proposals in writing or electronically, and the location and time period for their submission; the period for submission of shareholder proposals may not be less than 10 days.

Shareholder-submitted proposals are limited to 300 words, and no proposal containing more than 300 words will be included in the meeting agenda. The shareholder making the proposal shall be present in person or by proxy at the regular shareholders meeting and take part in discussion of the proposal.

Prior to the date for issuance of notice of a shareholders meeting, this Company shall inform the shareholders who submitted proposals of the proposal screening results, and shall list in the meeting notice the proposals that conform to the provisions of this article. At the shareholders meeting the board of directors shall explain the reasons for exclusion of any shareholder proposals not included in the agenda. Article 4 (To appoint a proxy to attend a shareholders’ meeting and authorization) For each shareholders meeting, a shareholder may appoint a proxy to attend the meeting by providing the proxy form issued by the Company and stating the scope of the proxy's authorization.

A shareholder may issue only one proxy form and appoint only one proxy for any given shareholders meeting, and shall deliver the proxy form to the Company before five days before the date of the shareholders meeting. When duplicate proxy forms are delivered, the one received earliest shall prevail unless a declaration is made to cancel the previous proxy appointment.

After a proxy form has been delivered to the Company, if the shareholder intends to attend the meeting in person or to exercise voting rights by correspondence or electronically, a written notice of proxy cancellation shall be submitted to the Company before two business days before the meeting date. If the cancellation notice is submitted after that time, votes cast at the meeting by the proxy shall prevail. If, after a proxy form is delivered to the Company, a shareholder wishes to attend the shareholders meeting online, a written notice of proxy cancellation shall be submitted to the Company two business days before the meeting date. If the cancellation notice is submitted after that time, votes cast at the meeting by the proxy shall prevail.

Article 5 (Principles determining the time and place of a shareholders meeting) The venue for a shareholders meeting shall be the premises of the Company, or a place easily accessible to shareholders and suitable for a shareholders meeting. The meeting may begin no earlier than 09:00 A.M. and no later than 03:00 P.M. Full consideration shall be given to the opinions of the independent directors with respect to the place and time of the meeting. The restrictions on the place of the meeting shall not apply when the Company convenes a virtual-only shareholders meeting.

Article 6 (Preparation of documents) The Company shall specify in its shareholders meeting notices the time during which attendance registrations for shareholders, solicitors and proxies (collectively "shareholders") will be accepted, the place to register for attendance, and other matters for attention.

The time during which shareholder attendance registrations will be accepted, as stated in the preceding paragraph, shall be at least 30 minutes prior to the time the meeting commences. The place at which attendance registrations are accepted shall be clearly marked and a sufficient number of suitable personnel assigned to handle the registrations. For virtual shareholders meetings, shareholders may begin to register on the virtual meeting platform 30 minutes before the meeting starts. Shareholders completing registration will be deemed as attend the shareholders meeting in person.

Shareholders shall attend shareholders meetings based on sign-in cards, or other certificates of attendance. Solicitors soliciting proxy forms shall also bring identification documents for verification. Attending shareholders and proxies may hand in a sign-in card in lieu of signing in; the number of shares in attendance shall be calculated according to the shares indicated by the sign-in cards handed in. The Company shall furnish attending shareholders with the meeting agenda book, annual report, attendance card, speaker's slips, voting slips, and other meeting materials. Where there is an election of directors, preprinted ballots shall also be furnished.

When the government or a juristic person is a shareholder, it may be represented by more than one representative at a shareholders meeting. When a juristic person is appointed to attend as proxy, it may designate only one person to represent it in the meeting.

In the event of a virtual shareholders meeting, shareholders wishing to attend the meeting online shall register with the Company two days before the meeting date.

In the event of a virtual shareholders meeting, the Company shall upload the meeting agenda book, annual

62 -

report and other meeting materials to the virtual meeting platform at least 30 minutes before the meeting starts, and keep this information disclosed until the end of the meeting. Article 7 (The chair and non-voting participants of a shareholders’ meeting) If a shareholders’ meeting is convened by the board of directors, the meeting shall be chaired by the chairperson of the board. When the chairperson of the board is on leave or for any reason unable to exercise the powers of the chairperson, the vice chairperson shall act in place of the chairperson; if there is no vice chairperson or the vice chairperson also is on leave or for any reason unable to exercise the powers of the vice chairperson, the chairperson shall appoint one of the managing directors to act as chair, or, if there are no managing directors, one of the directors shall be appointed to act as chair. Where the chairperson does not make such a designation, the managing directors or the directors shall select from among themselves one person to serve as chair.

If a shareholders’ meeting is convened by a party with power to convene but other than the board of directors, the convening party shall chair the meeting. When there are two or more such convening parties, they shall mutually select a chair from among themselves.

The Company may appoint its attorneys, certified public accountants, or related persons retained by it to attend a shareholders meeting in a non-voting capacity. Article 8 (Documentation of a shareholders’ meeting by audio or video) The Company, beginning from the time it accepts shareholder attendance registrations, shall make an uninterrupted audio and video recording of the registration procedure, the proceedings of the shareholders’ meeting, and the voting and vote counting procedures. The recorded materials of the preceding paragraph shall be retained for at least one year. If, however, a shareholder files a lawsuit pursuant to Article 189 of the Company Act, the recording shall be retained until the conclusion of the litigation. Where a shareholders meeting is held online, the Company shall keep records of shareholder registration, sign-in, check-in, questions raised, votes cast and results of votes counted by the Company, and continuously audio and video record, without interruption, the proceedings of the virtual meeting from beginning to end. The information and audio and video recording in the preceding paragraph shall be properly kept by the Company during the entirety of its existence, and copies of the audio and video recording shall be provided to and kept by the party appointed to handle matters of the virtual meeting. Article 9 (The calculation of attending shares of shareholders’ meeting, and convening meetings) Attendance at shareholders’ meetings shall be calculated based on numbers of shares. The number of shares in attendance shall be calculated according to the shares indicated by the sign-in cards handed in, and the shares checked in on the virtual meeting platform, plus the number of shares whose voting rights are exercised by correspondence or electronically.

The chair shall call the meeting to order at the appointed meeting time and disclose information concerning the number of nonvoting shares and number of shares represented by shareholders attending the meeting. However, when the attending shareholders do not represent a majority of the total number of issued shares, the chair may announce a postponement, provided that no more than two such postponements, for a combined total of no more than one hour, may be made. If the quorum is not met after two postponements and the attending shareholders still represent less than one third of the total number of issued shares, the chair shall declare the meeting adjourned. In the event of a virtual shareholders meeting, the Company shall also declare the meeting adjourned at the virtual meeting platform.

If the quorum is not met after two postponements as referred to in the preceding paragraph, but the attending shareholders represent one third or more of the total number of issued shares, a tentative resolution may be adopted pursuant to Article 175, paragraph 1 of the Company Act; all shareholders shall be notified of the tentative resolution and another shareholders’ meeting shall be convened within one month. In the event of a virtual shareholders’ meeting, shareholders intending to attend the meeting online shall re-register to the Company in accordance with Article 6.

When, prior to conclusion of the meeting, the attending shareholders represent a majority of the total number of issued shares, the chair may resubmit the tentative resolution for a vote by the shareholders’ meeting pursuant to Article 174 of the Company Act.

Article 10 (Discussion of proposals) If a shareholders’ meeting is convened by the board of directors, the meeting agenda shall be set by the board of directors. The meeting shall proceed in the order set by the agenda, which may not be changed without a resolution of the shareholders’ meeting.

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The provisions of the preceding paragraph apply mutatis mutandis to a shareholders’ meeting convened by a party with the power to convene that is not the board of directors.

The chair may not declare the meeting adjourned prior to completion of deliberation on the meeting agenda of the preceding two paragraphs (including extraordinary motions), except by a resolution of the shareholders’ meeting. If the chair declares the meeting adjourned in violation of the rules of procedure, the other members of the board of directors shall promptly assist the attending shareholders in electing a new chair in accordance with statutory procedures, by agreement of a majority of the votes represented by the attending shareholders, and then continue the meeting. The shareholders cannot designate another person to server as chair and continue the meeting in the same or other place after the meeting is adjourned. The chair shall allow ample opportunity during the meeting for explanation and discussion of proposals and of amendments or extraordinary motions put forward by the shareholders; when the chair is of the opinion that a proposal has been discussed sufficiently to put it to a vote, the chair may announce the discussion closed, call for a vote.

Article 11 (Shareholder speech) Before speaking, an attending shareholder must specify on a speaker's slip the subject of the speech, his/her shareholder account number (or attendance card number), and account name. The order in which shareholders speak will be set by the chair.

A shareholder in attendance who has submitted a speaker's slip but does not actually speak shall be deemed to have not spoken. When the content of the speech does not correspond to the subject given on the speaker's slip, the spoken content shall prevail.

Except with the consent of the chair, a shareholder may not speak more than twice on the same proposal, and a single speech may not exceed 5 minutes. If the shareholder's speech violates the rules or exceeds the scope of the agenda item, the chair may terminate the speech.

When an attending shareholder is speaking, other shareholders may not speak or interrupt unless they have sought and obtained the consent of the chair and the shareholder that has the floor; the chair shall stop any violation.

When a juristic person shareholder appoints two or more representatives to attend a shareholders’ meeting, only one of the representatives so appointed may speak on the same proposal.

After an attending shareholder has spoken, the chair may respond in person or direct relevant personnel to respond.

Where a virtual shareholders meeting is convened, shareholders attending the virtual meeting online may raise questions in writing at the virtual meeting platform from the chair declaring the meeting open until the chair declaring the meeting adjourned. No more than two questions for the same proposal may be raised. Each question shall contain no more than 200 words. The regulations in paragraphs 1 to 5 do not apply.

Article 12 (Calculation of voting shares and recusal system) Voting at a shareholders’ meeting shall be calculated based the number of shares.

With respect to resolutions of shareholders’ meetings, the number of shares held by a shareholder with no voting rights shall not be calculated as part of the total number of issued shares.

When a shareholder is an interested party in relation to an agenda item, and there is the likelihood that such a relationship would prejudice the interests of the Company, that shareholder may not vote on that item, and may not exercise voting rights as proxy for any other shareholder.

The number of shares for which voting rights may not be exercised under the preceding paragraph shall not be calculated as part of the voting rights represented by attending shareholders.

With the exception of a trust enterprise or a shareholder services agent approved by the competent securities authority, when one person is concurrently appointed as proxy by two or more shareholders, the voting rights represented by that proxy may not exceed three percent of the voting rights represented by the total number of issued shares. If that percentage is exceeded, the voting rights in excess of that percentage shall not be included in the calculation.

Article 13 (Vote on the proposals, vote monitoring and vote counting) A shareholder shall be entitled to one vote for each share held, except when the shares are restricted shares or are deemed non-voting shares under Article 179, paragraph 2 of the Company Act.

When the Company convenes a shareholders’ meeting, it shall adopt exercise of voting rights by electronic means and may adopt exercise of voting rights by correspondence. When voting rights are exercised by correspondence or electronic means, the method of exercise shall be specified in the shareholders’ meeting notice. A shareholder exercising voting rights by correspondence or electronic means will be deemed to have attended the meeting in person, but to have waived his/her rights with respect to the extraordinary

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motions and amendments to original proposals of that meeting; it is therefore advisable that the Company shall avoid the submission of extraordinary motions and amendments to original proposals.

A shareholder intending to exercise voting rights by correspondence or electronic means under the preceding paragraph shall deliver a written declaration of intent to the Company before two days before the date of the shareholders’ meeting. When duplicate declarations of intent are delivered, the one received earliest shall prevail, except when a declaration is made to cancel the earlier declaration of intent.

After a shareholder has exercised voting rights by correspondence or electronic means, in the event the shareholder intends to attend the shareholders’ meeting in person or online, a written declaration of intent to retract the voting rights already exercised under the preceding paragraph shall be made known to the Company, by the same means by which the voting rights were exercised, before two business days before the date of the shareholders’ meeting. If the notice of retraction is submitted after that time, the voting rights already exercised by correspondence or electronic means shall prevail. When a shareholder has exercised voting rights both by correspondence or electronic means and by appointing a proxy to attend a shareholders’ meeting, the voting rights exercised by the proxy in the meeting shall prevail.

Except as otherwise provided in the Company Act and in the Company's articles of incorporation, the passage of a proposal shall require an affirmative vote of a majority of the voting rights represented by the attending shareholders. At the time of a vote, for each proposal, the chair or a person designated by the chair shall first announce the total number of voting rights represented by the attending shareholders, followed by a poll of the shareholders. After the conclusion of the meeting, on the same day it is held, the results for each proposal, based on the numbers of votes for and against and the number of abstentions, shall be entered into the MOPS.

When there is an amendment or an alternative to a proposal, the chair shall present the amended or alternative proposal together with the original proposal and decide the order in which they will be put to a vote. When any one among them is passed, the other proposals will then be deemed rejected, and no further voting shall be required.

Vote monitoring and counting personnel for the voting on a proposal shall be appointed by the chair, provided that all monitoring personnel shall be shareholders of the Company.

Vote counting for shareholders’ meeting proposals or elections shall be conducted in public at the place of the shareholders’ meeting. Immediately after vote counting has been completed, the results of the voting, including the statistical tallies of the numbers of votes, shall be announced on-site at the meeting, and a record made of the vote.

When the Company convenes a virtual shareholders meeting, after the chair declares the meeting open, shareholders attending the meeting online shall cast votes on proposals and elections on the virtual meeting platform before the chair announces the voting session ends or will be deemed abstained from voting. In the event of a virtual shareholders meeting, votes shall be counted at once after the chair announces the voting session ends, and results of votes and elections shall be announced immediately.

When the Company convenes a hybrid shareholders meeting, if shareholders who have registered to attend the meeting online in accordance with Article 6 decide to attend the physical shareholders meeting in person, they shall revoke their registration two days before the shareholders meeting in the same manner as they registered. If their registration is not revoked within the time limit, they may only attend the shareholders meeting online.

When shareholders exercise voting rights by correspondence or electronic means, unless they have withdrawn the declaration of intent and attended the shareholders meeting online, except for extraordinary motions, they will not exercise voting rights on the original proposals or make any amendments to the original proposals or exercise voting rights on amendments to the original proposal.
Article 14 The reporting items and non-proposals shall not be put to discussion or resolution. Article 15 (Election items)

The election of directors at a shareholders’ meeting shall be held in accordance with the applicable election and appointment rules adopted by the Company, and the voting results shall be announced on-site immediately, including the names of those elected as directors and the numbers of votes with which they were elected, and the names of directors not elected and number of votes they received.

The ballots for the election referred to in the preceding paragraph shall be sealed with the signatures of the monitoring personnel and kept in proper custody for at least one year. If, however, a shareholder files a lawsuit pursuant to Article 189 of the Company Act, the ballots shall be retained until the conclusion of the litigation.
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Article 16 (Meeting minutes and signing items) Matters relating to the resolutions of a shareholders’ meeting shall be recorded in the meeting minutes. The meeting minutes shall be signed or sealed by the chair of the meeting and a copy distributed to each shareholder within 20 days after the conclusion of the meeting. The meeting minutes may be produced and distributed in electronic form. The Company may distribute the meeting minutes of the preceding paragraph by means of a public announcement made through the MOPS. The meeting minutes shall accurately record the year, month, day, and place of the meeting, the chair's full name, the methods by which resolutions were adopted, and a summary of the deliberations and their voting results (including the number of voting rights), and disclose the number of voting rights won by each candidate in the event of an election of directors. The minutes shall be retained for the duration of the existence of the Company. Where a virtual shareholders meeting is convened, in addition to the particulars to be included in the meeting minutes as described in the preceding paragraph, the start time and end time of the shareholders meeting, how the meeting is convened, the chair's and secretary's name, and actions to be taken in the event of disruption to the virtual meeting platform or participation in the meeting online due to natural disasters, accidents or other force majeure events, and how issues are dealt with shall also be included in the minutes. When convening a virtual-only shareholder meeting, other than compliance with the requirements in the preceding paragraph, the Company shall specify in the meeting minutes alternative measures available to shareholders with difficulties in attending a virtual-only shareholders meeting online. Article 17 (Public disclosure) On the day of a shareholders’ meeting, the Company shall compile in the prescribed format a statistical statement of the number of shares obtained by solicitors through solicitation, the number of shares represented by proxies and the number of shares represented by shareholders attending the meeting by correspondence or electronic means, and shall make an express disclosure of the same at the place of the shareholders’ meeting. In the event a virtual shareholders meeting, the Company shall upload the above meeting materials to the virtual meeting platform at least 30 minutes before the meeting starts, and keep this information disclosed until the end of the meeting. During the Company's virtual shareholders meeting, when the meeting is called to order, the total number of shares represented at the meeting shall be disclosed on the virtual meeting platform. The same shall apply whenever the total number of shares represented at the meeting and a new tally of votes is released during the meeting. If matters put to a resolution at a shareholders meet constitute material information under applicable laws or regulations or under Taiwan Stock Exchange Corporation (TWSE) and Taipei Exchange (TPEx) regulations, the Company shall upload the content of such resolution to the MOPS within the prescribed time period. Article 18 (Maintaining order at the meeting place) Staff handling administrative affairs of a shareholders’ meeting shall wear identification cards or arm bands. The chair may direct the proctors or security personnel to help maintain order at the meeting place. When proctors or security personnel help maintain order at the meeting place, they shall wear identification cards or armbands bearing the word "Proctor." At the place of a shareholders’ meeting, if a shareholder attempts to speak through any device other than the public address equipment set up by the Company, the chair may prevent the shareholder from so doing. When a shareholder violates the rules of procedure and defies the chair's correction, obstructing the proceedings and refusing to heed calls to stop, the chair may direct the proctors or security personnel to escort the shareholder from the meeting. Article 19 (Recess and resumption of a shareholders’ meeting) When a meeting is in progress, the chair may announce a break based on time considerations. If a force majeure event occurs, the chair may rule the meeting temporarily suspended and announce a time when, in view of the circumstances, the meeting will be resumed. If the meeting venue is no longer available for continued use and not all of the items (including extraordinary motions) on the meeting agenda have been addressed, the shareholders’ meeting may adopt a resolution to resume the meeting at another venue. A resolution may be adopted at a shareholders’ meeting to defer or resume the meeting within five days in accordance with Article 182 of the Company Act.

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Article 20 (Disclosure of information at virtual meetings) In the event of a virtual shareholders meeting, the Company shall disclose real-time results of votes and election immediately after the end of the voting session on the virtual meeting platform according to the regulations, and this disclosure shall continue at least 15 minutes after the chair has announced the meeting adjourned. Article 21 (Location of the chair and secretary of virtual-only shareholders meeting) When the Company convenes a virtual-only shareholders meeting, both the chair and secretary shall be in the same location, and the chair shall declare the address of their location when the meeting is called to order. Article 22 (Handling of disconnection) In the event of a virtual shareholders meeting, the Company may offer a simple connection test to shareholders prior to the meeting, and provide relevant real-time services before and during the meeting to help resolve communication technical issues. In the event of a virtual shareholders meeting, when declaring the meeting open, the chair shall also declare, unless under a circumstance where a meeting is not required to be postponed to or resumed at another time under Article 44-20, paragraph 4 of the Regulations Governing the Administration of Shareholder Services of Public Companies, if the virtual meeting platform or participation in the virtual meeting is obstructed due to natural disasters, accidents or other force majeure events before the chair has announced the meeting adjourned, and the obstruction continues for more than 30 minutes, the meeting shall be postponed to or resumed on another date within five days, in which case Article 182 of the Company Act shall not apply. For a meeting to be postponed or resumed as described in the preceding paragraph, shareholders who have not registered to participate in the affected shareholders meeting online shall not attend the postponed or resumed session.

For a meeting to be postponed or resumed under the second paragraph, the number of shares represented by, and voting rights and election rights exercised by the shareholders who have registered to participate in the affected shareholders meeting and have successfully signed in the meeting, but do not attend the postpone or resumed session, at the affected shareholders meeting, shall be counted towards the total number of shares, number of voting rights and number of election rights represented at the postponed or resumed session.

During a postponed or resumed session of a shareholders meeting held under the second paragraph, no further discussion or resolution is required for proposals for which votes have been cast and counted and results have been announced, or list of elected directors.

When the Company convenes a hybrid shareholders meeting, and the virtual meeting cannot continue as described in second paragraph, if the total number of shares represented at the meeting, after deducting those represented by shareholders attending the virtual shareholders meeting online, still meets the minimum legal requirement for a shareholder meeting, then the shareholders meeting shall continue, and not postponement or resumption thereof under the second paragraph is required.

Under the circumstances where a meeting should continue as in the preceding paragraph, the shares represented by shareholders attending the virtual meeting online shall be counted towards the total number of shares represented by shareholders present at the meeting, provided these shareholders shall be deemed abstaining from voting on all proposals on meeting agenda of that shareholders meeting.

When postponing or resuming a meeting according to the second paragraph, the Company shall handle the preparatory work based on the date of the original shareholders meeting in accordance with the requirements listed under Article 44-20, paragraph 7 of the Regulations Governing the Administration of Shareholder Services of Public Companies.

For dates or period set forth under Article 12, second half, and Article 13, paragraph 3 of Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies, and Article 44-5, paragraph 2, Article 44-15, and Article 44-17, paragraph 1 of the Regulations Governing the Administration of Shareholder Services of Public Companies, the Company shall handle the matter based on the date of the shareholders meeting that is postponed or resumed under the second paragraph. Article 23 (Handling of digital divide) When convening a virtual-only shareholders meeting, the Company shall provide appropriate alternative measures available to shareholders with difficulties in attending a virtual shareholders meeting online. Article 24 All matters not fully provided for in these Rules shall be in accordance with the provisions of the Company Act and other related laws and regulations. Article 25 The Rules shall be enforced by resolution of shareholders’ meeting; the same shall apply to any amendment hereto.

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Appendix 2 Articles of Incorporation of InnoLux Corporation

Chapter I General Provisions Article 1 The Company is organized under the provisions of company limited by shares in accordance with the Company Act and is named " 群創光電股份有限公司 ". The English name of the Company is Innolux Corporation. Article 2 The scope of business of the Company shall be as follows: (1) CC01080 Electronic Parts and Components Manufacturing (2) F401010 International Trade (3) CC01010 Electric Power Supply, Electric Transmission and Power Distribution Machinery Manufacturing (4) CC01090 Batteries Manufacturing (5) IG03010 Energy Technical Services (6) CC01030 Electric Appliance and Audiovisual Electric Products Manufacturing (7) I501010 Product Designing (8) CF01011 Medical Materials and Equipment Manufacturing (9) CB01010 Machinery and Equipment Manufacturing (10) CE01030 Photographic and Optical Equipment Manufacturing (11) CQ01010 Die Manufacturing (12) E603050 Cybernation Equipments Construction (13) E604010 Machinery Installation Construction (14) I301010 Software Design Services (15) C901020 Glass and glass made products manufacturing (16) C801100 Synthetic Resin & Plastic Manufacturing (17) C805070 Strengthened Plastic Products Manufacturing (18) C801990 Other Chemical Materials Manufacturing

(19) ZZ99999 The Company may conduct business other than those specified ones, as long as such business is not prohibited or restricted by laws or regulations.

(No 15 to 19 are limited to done within the Science Park)

【To research, develop, design, manufacture and sell the products as follows:
TFT-LCD panel 2. LCD module 3. LTPS TFT-LCD panel and module 4. OLED panel and module 5. Touch panel and its parts 6. LED backlight source
Thin Film Solar Cells, module and system
Wafers, cells and module of Silicon Wafers Solar Cells 9. Liquid Crystal Display and its system
Mobile Display Module
Color Filter
Low temperature poly-silicon -Si Thin Film Transistors: LTPS TFT LCD
Amorphous silicon: a-Si TFT LCD and system
TFT liquid crystal module automatic assembly equipment
The import and export trade business in relation to the above-mentioned products
Semiconductor foundry business in assembly and test 】

Article 3 The Company's head office is located in the Hsinchu Science Park. If necessary, the Company may establish branch offices in Taiwan and abroad by resolution of the Board of Directors and approval of the competent authorities.

Chapter II Shares

Article 4 The registered capital of the Company shall be one hundred and twenty billion (NT$120,000,000,000), divided into eleven billion (12,000,000,000) shares (of which 500 million to be reserved for the use of employees’ share subscription warrants), and may issue special shares, with a par value of ten New Taiwan Dollars, to authorize Board of Directors at their discretion to issue separately ordinary shares or special shares.

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Article 4-1 The rights, obligations and other main issue conditions regarding the issued registered Class A convertible special/preferred shares are as follows:
The dividend rate is 3.8% per annum which shall be calculated based on the actual issue price and will be distributed in cash once a year, and after the ratification of financial statements by annual shareholders’ meeting, the board of directors will set a record date for the distribution of dividend to be entitled in last year. Dividend entitled in issuance year and buyback year shall be calculated and distributed based on the number of actual issue days.
In the year that the Company has earned surplus after it makes payment of taxes, makes up losses, and set aside legal profit reserve and special reserve, the Class A shareholders of Class A convertible special shares shall have preferential right to distribution of special/preferred shares’ dividends for the remaining sum. In addition to the special/preferred shares’ dividends above, the shareholders of special/preferred shares shall not participate in the allocation of other surplus of the Company.
In the years that the Company has no surplus earnings or the surplus earnings is not sufficient for distribution of all dividends to Class A special shares, undistributed and insufficient dividends of such year shall be made up preferentially based on compound interest in the following year in which the Company has surplus earnings, together with the dividends of that year. But upon the expiration of issuance period, the accumulated outstanding dividends of special/preferred shares shall be made up at a time on the expiration of issuance period.
The issuance period of special/preferred shares is three years, at maturity these special/preferred shares will be redeemed in cash at a time based on issue price plus accumulated outstanding dividends. In case when the expiration date comes the Company is unable to redeem all or partial of special/preferred shares due to objective causes or force majeure, the rights attached to unredeemed special/preferred shares shall be still in accordance with issue conditions of this Issuance Rules until the Company completes all redemption, and the dividends will be calculated upon the original dividend rate during the actual extended period.
The shareholders of special/preferred shares may convert their special/preferred shares into ordinary shares with the same number of shares in accordance with “Issuance and Conversion Rules of Class A Registered Convertible Special Shares” determined by the Board of directors at the time of issue. In that current year that special/preferred shares converted, such shareholder shall not be entitled to participate in the allocation of special/preferred shares’ dividends.
This special/preferred shares’ right to allocation of residual assets shall rank before that of ordinary shares, to the extent that dissolution preference shall not exceed the total issuance amount.
The shareholders of special/preferred shares are not entitled to vote or to elect directors in a general meeting of shareholders; but such shareholders can be elected as director.
When the Company capitalizes its capital reserve derived from cash capital increase of ordinary shares at a premium, the shareholders of special/preferred shares shall not participate in the allocation of such capitalization of capital reserve. But when the Company capitalizes it capital reserve derived from special/preferred shares issued at premium, the shareholders of special/preferred shares may allocate jointly with shareholders of ordinary shares in proportion to their respective shareholding.
The board of directors is authorized to determine “Issuance and Conversion Rules of Class A Registered Convertible Special Shares” at the time of actual issuance for governing other related matters.

Article 4-2 For the issuance of employee stock option of the Company at a price less than market price, such issuance shall be in accordance with “Regulations Governing the Offering and Issuance of Securities by Securities Issuers” and shall be adopted by a resolution of shareholders’ meeting.

If the Company transfers the buyback shares to its employees at a price less than average price of actual buyback price, such transfer shall be in accordance with related regulations and shall be adopted by a resolution of its latest shareholders’ meeting.

The Company’s bought-back treasury shares are assigned or transferred to subsidiary company employees meeting specific requirements. The Board of Directors are delegated to decide such requirements and methods of transfer.

The Company’s share subscription warrants are entitled to subordinate company employees meeting specific requirements. The Board of Directors are delegated to decide such requirements and issuance methods.

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		When the Company issues new share, the new shares are entitled to subsidiary company employees
		meeting specific requirements. The Board of Directors are delegated to decide such requirements and
		methods of obtaining.
		The Company’s restricted stocks are entitled to subsidiary company employees meeting specific
		requirements. The Board of Directors are delegated to decide such requirements and distribution
		methods.
Article	5	The total amount of investment of the Company shall not be subject to the restrictions of 40% of the
		amount of its own paid-in capital under Article 13 of the Company Act.
Article	6	The Company may be exempted from printing any share certificate for the shares issued, but shall
		appoint a centralized securities custody enterprise/institution to make recordation of the issue of such
		shares.
Article	7	The shareholder services of the Company shall be coped with in accordance with “Regulations
		Governing the Administration of Shareholder Services of Public Companies” proclaimed by the
		competent authority.
		Chapter III Shareholders’ Meeting
Article	8	Shareholders' meeting of the Company shall be of the following two kinds:
		1. Regular meeting of shareholders: shall be convened within six months after close of each fiscal Year.
		2. Special meeting of shareholders: to be held when necessary.
Article	8-1	The Company’s shareholders’ meeting may be held by means of visual communication network or other
		methods promulgated by the central competent authority.
		In case a shareholders’ meeting is proceeded via visual communication network, the shareholders taking
		part in such a visual communication meeting shall be deemed to have attended the meeting in person.
Article	9	The Chairperson of the Company shall act as the chairperson of the shareholders’ meeting. In case the
		chairperson of the board of directors is on leave or absent or cannot exercise his/her power and authority
		for any cause, he/she shall designate one of the directors to act on his/her behalf. In the absence of such
		a designation by the Chairperson, the directors shall elect from among themselves an acting chairperson
		of the board of directors.
Article	10	In case a shareholder is unable to attend shareholders’ meeting for any cause, a shareholder may appoint
		a proxy to attend a shareholders' meeting on his/her/its behalf by executing a power of attorney printed
		by the company stating therein the scope of power authorized to the proxy.
		Unless as prescribed in the Company Act, the rules for the shareholder to appoint a proxy to attend the
		shareholders' meeting shall be in accordance with “Regulations Governing the Use of Proxies for
		Attendance at Shareholder Meetings of Public Companies”
Article	11	Resolutions at a shareholders' meeting shall, unless otherwise provided for in the Company Act, be
		adopted by a majority vote of the shareholders present, who represent more than one-half of the total
		number of voting shares.
		Chapter IV Directors, Audit Committee and Managerial Personnel
Article	12	The Company shall have five to nine directors for a term of three years. The candidates’ nomination
		system is adopted by the Company, the directors shall be elected by shareholders’ meeting from the
		roster of candidates, and he/she may be eligible for re-election. The number of directors shall be decided
		by the board of directors.
		In the process of electing directors at a shareholders' meeting, the number of votes exercisable in respect
		of one share shall be the same as the number of directors to be elected, and the total number of votes
		per share may be consolidated for election of one candidate or may be split for election of two or more
		candidates. A candidate to whom the ballots cast represent a prevailing number of votes shall be deemed
		a director elect.
Article	12-1	Pursuant to Article 14-2 of Securities and Exchange Act, among of the number of directors above, at
		least three of which shall be independent directors, and not less than one-fifth of the total number of
		directors. In case a candidate nomination system is adopted, the shareholders’ meeting shall elect the
		directors from among the nominees listed in the roster of director candidates.
Article	13	The board of directors is organized by directors, having their duties and powers as follows:
		1. To compile operating plans
		2. To submit the surplus earning distribution or loss off-setting proposals
		3. To submit capital increase or decrease proposal
		4. To compile the important by-laws and organization rules of the Company

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The appointment or discharge of general manager
To approve the execution of the important contracts
To check and ratify the purchase and disposal of the important assets of the Company
To establish or dissolve branches
To compile the budget and final accounting

		5. The appointment or discharge of general manager 6. To approve the execution of the important contracts 7. To check and ratify the purchase and disposal of the important assets of the Company 8. To establish or dissolve branches 9. To compile the budget and final accounting
		10. Other authorities under the Company Act or resolutions of shareholders’ meeting.
		The Company may purchase liability insurance for its directors within the term and the for the
		compensation liability incurred from and within he/her business scope.
Article	13-1	The remuneration of directors shall be determined by the board of directors according to their
		participation level and contribution value, and shall compare standard of the same industry. However,
		in no event shall the total payment per month exceed NT$ 500,000.
Article	13-2	In calling a meeting of the board of directors, a notice shall be given to each director no later than 7
		days prior to the scheduled meeting date in writing, by way of electronic methods or facsimile.
		In the case of emergency, the meeting may be convened at any time.
Article	14	The board of directors shall elect a chairperson from among the directors by a majority vote at a meeting
		attended by over two-thirds of the directors. The chairperson represents the Company externally.
Article	14-1	The board of directors may institute a position of vice-chairperson who shall be elected from among the
		directors by a majority vote at a meeting attended by over two-thirds of the directors.
Article	15	A meeting of board of directors shall, unless otherwise provided for in the Company Act, be convened
		by the chairperson of the board of directors. Unless otherwise provided for in the Company Act,
		resolutions of the board of directors shall be adopted by a majority of the directors at a meeting attended
		by a majority of the directors.
Article	16	The chairperson shall preside the meeting of the board of directors; in case the chairperson of the board
		of directors is on leave or absent or cannot exercise his/her power and authority for any cause, the
		chairperson of the board of directors shall designate one of the directors to act on his/her behalf. In the
		absence of such a designation by the chairperson, the directors shall elect from among themselves an
		acting chairperson of the board of directors. Each director shall attend the meeting of the board of
		directors in person, in case a director is unable to attend the meeting of the board of directors for any
		cause, he/she may appoints another director to attend a meeting of the board of directors in his/her
		behalf. A director may accept the appointment to act as the proxy referred to in the preceding Paragraph
		of one other director only.
		A meeting of the board of directors can be held via visual communication network, and then the directors
		taking part in such a visual communication meeting shall be deemed to have attended the meeting in
		person.
Article	17	The Company establishes audit committee according to Article 14-4 of the Securities and Exchange Act
		and to shall be composed of the entire number of independent directors.
		The duty and power of the audit committee and other rules to be followed shall abide by relevant
		regulations or rules of the company.
Article	18	The Company may have managerial personnel, the appointment and discharge and the remuneration of
		the managerial personnel shall be decided in accordance with the provisions of the Company Act.
		Chapter V Accounting
Article	19	The fiscal year of the Company shall be from January 1 to December 31 every year. At the close of each
		fiscal year, the Company shall deal with final accounts.
Article	20	At the close of each fiscal year, the board of directors of the Company shall prepare the following
		statements and records and forward to general meeting of shareholders according to legal procedure for
		ratification:
		1. The operating report
		2. The financial statements; and
		3. The surplus earning distribution or loss off-setting proposals.
Article	21	The distribution of employees' compensation shall not be lower than 5% of and the directors’
		compensation shall not be higher than 0.1% of the current year pre-tax income before deducting the
		distributable employees’ and directors’ compensation of the Company. However, the Company's
		accumulated losses shall have been covered.
		The company shall, by a resolution adopted by a majority vote at a meeting of board of directors
		attended by two-thirds of the total number of directors, have the profit distributable as employees'

71 -

compensation distributed in the form of shares or in cash and have the profit distributable as director’s compensation in the form of cash; and in addition thereto a report of such distribution shall be submitted to the shareholders' meeting.

The target to be distributed employees’ compensation in the form of shares or cash may include employees of subsidiary companies who conform to certain criteria. Relevant regulations shall be authorized to be prescribed by the board of directors.

Article 21-1 The annual net profits of final accounts of the Company shall make up for loss first, shall secondly appropriate 10% of profit as legal reserve (however, if legal reserve reaches the total capital amount shall not apply), to make an appropriation of another sum as special reserve or make an reversal of special reserve in accordance with laws and regulation, to distribute dividend for special/preferred shares, and to add into the profit not yet distributed before, the allocation proposal shall be prepared by the board of directors and be submitted to and resolved by the shareholders’ meeting.

The Company shall set aside to special reserve, from prior period’s undistributed earnings, an amount equal to net deductions from other equity". If the amount is not sufficient, the Company should further set aside from the current period's net profits plus other items to be included in the current period's undistributed earnings.

Depending on the Company's long-term financial planning, investment environment, industry competition, capital expenditure budget, funding requirements and protection of shareholders' equity, dividends should be paid at a rate of no less than 20% of the current year's distributable earnings; however, if the distributable earnings are less than 2% of the paid-in capital, the Company may resolve to transfer the entire amount to retained earnings without distribution. For earnings distribution, cash dividends are preferred but it may also be in the form of stock dividends, with no less than 50% of the earnings to be distributed with cash dividends.

The aforementioned dividend distribution percentage may be adjusted based on financial, business and operating factors.

Article 22 The allocation of shareholders’ dividends shall be given to shareholders whose name are registered in shareholders’ roster within 5 days prior to the record date fixed for distribution of dividends and bonus.

Chapter VI Supplementary Provisions

Article 23 Under the business requirement, the Company may handle external guaranty affairs in accordance with Procedures for Endorsements and Guarantees of the Company.

Article 24 The organization rules of the Company and procedure guidelines of business operation shall be made separately. Article 25 In regard to all matters not provided for in this Articles of Incorporation, the Company Act shall govern. Article 26 This Articles of Incorporation was made by all promoters on November 21, 2002. The first amendment was made on March 21, 2003, the second amendment was made on May 19, 2004, the third amendment was made on December 10, 2004, the fourth amendment was made on June 28, 2005, and the fifth amendment was made June 16, 2006. The sixth amendment was made on June 13, 2007. The seventh amendment was made on June 13, 2008. The eighth amendment was made on June 19, 2009. The ninth amendment was made on January 6, 2010. The tenth amendment was made on June 29, 2010. The eleventh amendment was made on June 28, 2011. The twelfth amendment was made on June 29, 2012. The thirteenth amendment was made on November 14, 2012. The fourteen amendment was made on June 19, 2014. The fifteenth amendment is on June 8, 2015. The sixteenth amendment is on June 24, 2016. The seventeenth amendment is on June 20, 2017. The eighteenth amendment is on June 20, 2018. The nineteenth amendment is on June 20, 2019. The 20th amendment was made on July 1, 2021. The 21th amendment was made on June 24, 2022.

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Appendix 3 InnoLux Corporation Election Rules of Directors

Article	1	The election of directors of the Company, unless otherwise provided by the laws or in the Articles
		of Incorporations, shall in all cases be in conducted in accordance with these Rules.
Article	2	The election of directors shall adopt a single disclosed cumulative voting method, in the process of
		electing directors, each share represents a weighted number of voting rights equivalent to the number of
		directors to be elected; such voting rights may be exercised to collectively elect a single candidate or
		may be distributed among several candidates. The registration of electors’ name may be substituted for
		the number of attendance card printed on votes.
Article	3	Upon the beginning of the election, the chairperons shall appoint a number of persons to perform
		the respective duties of vote monitoring and counting personnel.
Article	4	The number of directors of the Company shall be in accordance with the number of available seats
		prescribed in the Articles of Incorporation of the Company. Those candidates with the greatest numbers
		of ballots representing voting rights shall be elected as directors in order of number of ballots received.
		In case two or more persons have received the same number of voting right, and the number of persons
		would exceed the prescribed number of available seats, the persons with the same number of voting
		rights shall draw lots to decide election; the Chairman shall draw lots on behalf of any selected person
		who are not present.
Article	5	The directors’ election of the Company shall conduct according to the candidates’ nomination
		system and procedure pursuant to Article 192-1 of the Company Act.
Article	6	Non-independent and independent directors shall be elected at the same time, but in separately
		calculated numbers of independent director, non-independent director and candidate to whom the
		ballots cast represent a prevailing number of votes shall be in respectively elected in order.
Article	7	The board of directors shall prepare and distribute separate ballots according
		Page 2 of 2
		to the attendance card number; one person shall have one vote, the ballots shall be distributed in
		numbers corresponding to person to be elected. The number of voting rights of each shareholder shall
		be specified on each ballot.
Article	8	Voters may choose from the "candidate" lists compiled by the Company and make the choice in the
		"Candidate" column of each ballot.
Article	9	A ballot is invalid under any of the following circumstances:
		(1) The ballot was not prepared according to the rules under Article 7.
		(2) A ballot is not placed in the ballot box.
		(3) A blank ballot not filled in by the voter.
		(4) The candidate was filled in for more than two people.
		(5) The writing is unclear and indecipherable.
		(6) In addition to those on the "candidates" lists compiled by the Company, other words are
		included.
Article	10	The voting rights shall be calculated on site immediately after the end of the poll, and the results of
		the calculation shall be announced by the chairperons on the site.
Article	11	Each director-elect will be awarded respectively election notice by Board of Directors.
Article	12	These Rules and any amendments hereto shall be implemented after approval by a shareholders
		meeting.
Article	13	These Rules was made on May 19, 2004. The first amendment was made on June 13, 2007. The
		second amendment was made on June 29, 2012. The third amendment was made on June 8, 2015. The
		fourth amendment wad made on June 24, 2016. The 5th amendment was made on July 1, 2021.

73 -

Appendix 4 InnoLux Corporation Shareholding Table of All Directors

As of March 9, 2025, the record date for the 2025 Annual Shareholders’ Meeting, the paid-in capital of the Company is NT$ 79,891,973,370 representing 7,989,197,337 common shares. The independent directors of the Company exceed one-half of the total director seats, and the audit committee has been established in accordance with the Securities and Exchange Act. Therefore, the provision on the minimum percentage requirements for the shareholding respectively of all directors and supervisors in Article 26 of the Act does not apply.
As of March 9, 2025, the table of shares held by all directors were shown as below:

Unit: Per share

			Unit: Per share
Title	Name	Number of Shares Registered in the Shareholders’ Register	Shareholding Ratio
Chairman	Hung, Jin-Yang	1,651,311	0.02
Director	Yang, Chu-Hsiang	2,062,128	0.02
Director	Wang, Jyh-Chau	250,000	－
Director	Ting, Chin-Lung	1,220,461	0.02
Independent Director	Hsieh,Chi-Chia	－	－
Independent Director	Wu, Chih-I	－	－
Independent Director	Wu, Chih-Wei	－	－
Independent Director	Shen, Shin-Bei	－	－
Independent Director	Huang, Chi-Mo	－	－

74 -

AI assistant

INX — AGM Information 2025

52330_rns_2025-05-22_4f9e70fe-cfd0-4ed3-bccc-41372bd5c8ff.pdf

2025 Annual Shareholders’ Meeting

Meeting Agenda

Table of Contents

InnoLux Corporation

Procedures of 2025 Annual Shareholders’ Meeting

InnoLux Corporation

Agenda of 2025 Annual Shareholders’ Meeting

1. Chairman Remarks:

2. Reporting Items:

3. Adopting Items:

4. Discussion and Election Items

5. Extempore Motions

6. Adjournment

Reporting Items

Proposal 1: 2024 Business Report

Proposal 2: Audit Committee Review Report

Proposal 3: To report the implementation of the sound operating plan for the 2024 cash capital reduction plan

Proposal 4: 2024 Report on Directors and Employees Remuneration Distribution

Adopting Items

Proposal 1: Recognition of 2024 Business Report and Financial Statements

Proposal 2: 2024 Earnings Distribution Table

Discussion and Election Items

Propsal 1: To approve amendments to Articles of Incorporation

Propsal 2: To approve proposal of cash distribution from additional paid-in capital

Propsal 3: To approve CarUX Holding Limited, a subsidiary of the Company, applies for listing and trading on overseas stock markets

Propsal 4: To elect nine Directors (including five Independent Directors)

Extempore Motions

Attachment 1

Innolux Corporation 2024 Business Report

I. Results of Business Plan Implementation and Budget Execution

III. Status of Research and Development

1. Advanced semiconductor packaging

2. Application of miniLED innovative technology

A.Transparent MiniLED applications

C. MiniLED Transformable Folding Application

3. Major breakthrough in microLED technology

4. Unique N3D technology in the globe

5. Innovation of vehicle-mounted products

11.High-end gaming level screen

12.Screen of display specification for medical use

13.LC Window solution

14.Innovation in satellite communications

IV. The Company’s digital transformation further upgraded - from internalization to external empowerment

Attachment 2

Audit Committee Review Report

Attachment 3

Report on the Implementation of the Sound Operation Plan of the Capital Reduction Plan in 2024

 ILS BG:

 IMS BG:

 PLP BU:

 CarUx:

 InnoCare:

 IAS BU:

Independent Auditors’ Report and Financial Statements

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