INNOLUX CORPORATION AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND

INDEPENDENT AUDITORS’ REPORT

DECEMBER 31, 2024 AND 2023

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INDEPENDENT AUDITORS’ REPORT

To the Board of Directors and Shareholders of Innolux Corporation:

Opinion

We have audited the accompanying consolidated balance sheets of Innolux Corporation and its subsidiaries (the “Group”) as at December 31, 2024 and 2023, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.

In our opinion, based on our audits and the reports of other auditors (please refer to the Other matter section), the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2024 and 2023, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission.

Basis for opinion

We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the consolidated financial statements section of our report. We are independent of the Group in accordance with the Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. Based on our audits and the reports of other auditors (please refer to the Other matter section), we believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Group’s 2024 consolidated financial statements. These matters

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were addressed in the context of our audit of the consolidated financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters. Key audit matters for the Group's 2024 consolidated financial statements are stated as follows:

Inventory valuation

Description

The industry is significantly affected by changes in the economic environment. As the technology evolves rapidly, the launch of new products may cause major changes in consumer demand or due to the update of production approach, the existing products may become obsolete or no longer meet market needs. The Group has evaluated the inventory by taking into account the allowance, obsolescence or trivial sales amount and the cost has been written down to the net realizable value. The abovementioned allowance for inventory valuation losses mainly arose from the excess of the cost of inventory over the net realizable value of inventory. For details of inventory, please refer to Note 6(6). There is a risk of the excess of the cost of inventory over the net realizable value of inventory. As the amounts of inventories are material and the sales prices of related products may have significant fluctuations because of market demand, we consider inventory valuation a key audit matter.

How our audit addressed the matter

We compared the financial statements to ascertain whether the provision policy on allowance for inventory valuation losses has been consistently applied, obtained the net realizable value report of inventory used by management for evaluation and obtained an understanding of sales price basis adopted by management for abovementioned inventory along with the related supporting documents; sampled individual inventory item numbers and checked them against historical data on inventory clearance and discount to assess the reasonableness of net realizable value and the appropriateness of valuation basis.

Valuation and impairment of property, plant and equipment and goodwill

Description

For details of the impairment valuation of property, plant and equipment and goodwill, please refer to Notes 6(8) and 6(11).

The Group measures the recoverable amount of the cash generating unit to determine whether goodwill and property, plant and equipment may be impaired based on future cash flows with appropriate discount rates, and future cash flows are estimated based on how assets are utilized, duration years of assets and projected income and expenses in the future. As these estimates, which are uncertain and dependent upon significant judgement from management, involve several assumptions such as determination of discount rates, expected growth rate and future financial projections, we consider management’s assessment of impairment of property, plant and equipment and goodwill a key audit matter.

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How our audit addressed the matter

We assessed the key assumptions used by management in estimating expected future cash flows, including the reasonableness of expected operating revenue, gross profit, changes in expenses, and the basic assumptions applied in expected future cash flows. We also examined the parameters of discount rates, including the risk-free rate of return on equity capital, the risk factor of the industry and the rate of return on similar investments in the market.

Other matter – Reference to the audits of other auditors

We did not audit the financial statements of certain subsidiaries and investments accounted for under the equity method of the Company, which were audited by other auditors. Therefore, our opinion expressed herein, insofar as it relates to the amounts and Note 13 included in respect of these subsidiaries and investments accounted for under the equity method, is based solely on the reports of the other auditors. Total assets of these subsidiaries and the balances of these investments accounted for under the equity method included in the Group’s consolidated financial statements amounted to NT$3,087,622 thousand and NT$29,713,386 thousand, constituting 0.9% and 8.3% of the consolidated total assets of the Group as at December 31, 2024 and 2023, respectively, and sales revenue of these subsidiaries included in the Group’s consolidated financial statements amounted to NT$1,980,470 thousand and NT$50,202,785 thousand, constituting 0.9% and 23.7% of the consolidated total sales revenue of the Group for the years ended December 31, 2024 and 2023, respectively.

Other matter – Parent company only financial reports

We have audited and expressed an unmodified opinion with other matter paragraph on the parent company only financial statements of Innolux Corporation as at and for the years ended December 31, 2024 and 2023.

Responsibilities of management and those charged with governance for the consolidated financial statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to

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going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

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

Auditors’ responsibilities for the audit of the consolidated financial statements

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

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

A. Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
B. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.
C. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
D. Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our

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auditors’ report. However, future events or conditions may cause the Group to cease to continue as a going concern.

E. Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
F. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

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

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

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements for the year ended December 31, 2024 and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication

PricewaterhouseCoopers, Taiwan

March 13, 2025

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

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INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

Assets	Notes	December 31, 2024 December 31, 2023
Current Assets 1100 Cash and cash equivalents 1110 Financial assets at fair value through profit or loss - current 1136 Financial assets at amortized cost - current 1170 Accounts receivable, net 1180 Accounts receivable, net - related parties 1200 Other receivables 130X Inventory 1410 Prepayments
	6(1) 6(2) 6(4) 6(5) 7	$ 55,288,631 $ 50,512,584 437,386 460,767 9,091,347 12,112,991 33,789,648 29,584,510 2,816,333 430,861 4,547,977 1,958,858 42,446,932 37,150,576 3,851,135 1,319,982
	6(12) 6(6) 9
1460 Non-current assets held for sale	6(12)	582,852 —
1479 Other current assets 11XX Total current assets Non-current assets 1510 Financial assets at fair value through profit or loss - non-current 1517 Financial assets at fair value through other comprehensive income - non-current 1535 Financial assets at amortized cost - non- current	8	567,811 119,010 153,420,052 133,650,139 6,496,457 5,300,152 5,127,373 6,665,014

	6(2)
	6(3)
	6(4)	24,689,875 18,813,183
1550 Investments accounted for under equity method 1600 Property, plant and equipment 1755 Right-of-use assets 1760 Investment property, net 1780 Intangible assets 1840 Deferred income tax assets 1990 Other non-current assets 15XX Total non-current assets 1XXX Total assets	6(7)	942,969 703,591 127,395,236 149,253,011 3,341,245 4,091,841 386,579 416,077 17,635,268 17,542,372 3,239,270 2,845,935 15,413,682 18,249,127 204,667,954 223,880,303 $ 358,088,006 $ 357,530,442
	6(8), 7 and 8 6(9) 6(10) 6(11) 6(30) 6(8)，6(16)，8 and 9

(Continued)

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INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity Current Liabilities 2100 Short-term borrowings 2120 Financial liabilities at fair value through profit or loss - current 2170 Accounts payable 2180 Accounts payable - related parties 2200 Other payables 2230 Current income tax liabilities 2250 Provisions - current 2280 Lease liabilities - current 2320 Long-term liabilities, current portion 2399 Other current liabilities 21XX Total current liabilities Non-current liabilities 2540 Long-term borrowings 2570 Deferred income tax liabilities 2580 Lease liabilities - non-current 2600 Other non-current liabilities 25XX Total non-current liabilities 2XXX Total liabilities Equity attributable to owners of the parent Share capital 3110 Common stock 3200 Capital surplus Retained earnings 3310 Legal reserve 3320 Special reserve 3350 Unappropriated retained earnings 3400 Other equity interest 3500 Treasury shares 31XX Equity attributable to owners of the parent 36XX Non-controlling interests 3XXX Total equity 3X2X Total liabilities and equity	Notes	December 31,2024 December 31,2023 $ 3,097,017 $ 170,000 251,022 44,596 43,042,463 39,178,762 1,106,707 1,205,003 26,855,612 28,336,062 1,781,399 1,907,319 3,569,277 3,372,767 443,597 593,127 7,815,270 7,575,503 9,320,557 5,175,611 97,282,921 87,558,750 20,988,497 31,977,559 1,788,237 1,738,759 2,478,962 3,125,352 2,008,830 4,244,761

	6(13) 6(2)
	7
	6(14) and 7

	6(18) and 9

	6(15)



	6(15) 6(30)
		27,264,526 41,086,431 124,547,447 128,645,181
		79,891,974 90,786,334 105,919,710 103,468,658 13,811,763 13,811,763 7,198,699 5,565,152 28,414,792 21,754,128 (3,408,678) (7,198,699) (56,914) (62,467) 231,771,346 228,124,869 1,769,213 760,392 233,540,559 228,885,261
	6(19)
	6(20) 6(21)


	6(22)
	6(19)

		$ 358,088,006 $ 357,530,442

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

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INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2024 AND 2023

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

Items	Notes 6(23) and 7 6(6)(28) and 7 6(28) 6(24) 6(25) 6(26) 6(27) 6(7) 6(30)	2024 2023 $ 216,509,919 $ 211,740,557 (202,336,942) (208,631,513) 14,172,977 3,109,044 (2,192,955) (2,519,314) (7,492,430) (7,287,108) (12,406,513) (12,011,556) (22,091,898) (21,817,978) (7,918,921) (18,708,934) 2,352,133 2,507,561 2,796,169 2,189,040 12,106,738 (679,985) (1,139,462) (1,704,725) 31,807 33,912 16,147,385 2,345,803 8,228,464 (16,363,131) (1,501,132) (2,235,599) $ 6,727,332 $ (18,598,730)
4000 Sales revenue 5000 Operating costs 5900 Net operating margin Operating expenses 6100 Selling expenses 6200 General and administrative expenses 6300 Research and development expenses 6000 Total operating expenses 6900 Operating loss Non-operating income and expenses 7100 Interest income 7010 Other income 7020 Other gains and losses 7050 Finance costs 7060 Share of profit of associates and joint ventures accounted for under equity method 7000 Total non-operating income and expenses 7900 Profit (loss) before income tax 7950 Income tax expense 8200 Profit (loss) for the period

(Continued)

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INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2024 AND 2023

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

8311 8316	Items Other comprehensive income (net) Components of other comprehensive income (loss) that will not be reclassified to profit or loss Remeasurement of defined benefit plans Unrealized gains on financial assets at fair value through other comprehensive income Income tax related to components of other comprehensive income that will not be reclassified to profit or loss Other comprehensive income that will not be reclassified to profit or loss Components of other comprehensive income (loss) that will be reclassified to profit or loss Financial statements translation differences of foreign operations Share of other comprehensive income (loss) of associates and joint ventures accounted for under equity method Other comprehensive income (loss) that will be reclassified to profit or loss Other comprehensive income (loss) for the period, net of tax Total comprehensive income (loss) for the period Profit (loss) attributable to: Owners of the parent Non-controlling interest Other comprehensive income (loss) attributable to: Owners of the parent Non-controlling interest Earnings (loss) per share (in dollars) Basic earnings (loss) per share Diluted earnings (loss) per share	Notes 6(16) 6(22) 6(22)(30) 6(22) 6(7)(22) 6(31)	2024 2023 $ 49,712 $ 8,928 824,643 15,786 116,051 (16,589) 990,406 8,125 4,588,526 (1,608,183) 7,578 (32,278) 4,596,104 (1,640,461) $ 5,586,510 $ (1,632,336) $ 12,313,842 $ (20,231,066) $ 6,472,883 $ (18,642,539) $ 254,449 $ 43,809 $ 12,084,232 $ (20,268,820) $ 229,610 $ 37,754
8349 8310 8361 8370 8360 8300
8500

8610 8620
8710
8720

9750			$ 0.76 $ (2.01) $ 0.75 $ (2.01)
9850

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

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INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

					Equity at	tributable to owne	of the parent	of the parent
		Share Capital			Retained Earnings		Other EquityInterest
	Notes	Common stock	Capital surplus	Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealized gains from financial assets measured at fair value through other comprehensive income	Treasuryshares	Total	Non-controlling interests Total
2023						$42,750,417
Balance at January 1		$95,564,562	$103,312,414	$13,811,763	$3,204,136		$(8,173,822)	$ 2,608,670	$ (602,916)	$252,475,224	$ 519,496 $252,994,720
(Loss) profit for the year		—	—	—	—	(18,642,539)	—	—	—	(18,642,539) (1,626,281)	43,809 (18,598,730) (6,055) (1,632,336) 37,754 (20,231,066)
Other comprehensive income (loss) for the year Total comprehensive income (loss)	6(22)	—	—	—	—	7,266	(1,635,525)	1,978	—
		—	—	—	—	(18,635,273)	(1,635,525)	1,978	—	(20,268,820)
Appropriation of 2022 earnings:
Special reserve		—	—	—	2,361,016	(2,361,016)	—	—	—	—	— —
Capital reduction by cash	6(19)	(4,778,228)	—	—	—	—	—	—	22,625	(4,755,603)	— (4,755,603)
Recognition of change in equity of associates in proportion to the Group's ownership	6(20)	—	6,556	—	—	—	—	—	—	6,556	— 6,556
Recognition of changes in ownership interests in subsidiaries	6(20)	—	155,910	—	—	—	—	—	—	155,910	256,655 412,565
Decrease in non-controlling interests		—	—	—	—	—	—	—	—	—	(62,975) (62,975)
Difference between consideration and carrying amount of subsidiaries disposed	6(20)	—	11,475	—	—	—	—	—	—	11,475	9,462 20,937
Treasury shares transferred to employees	6(19)(20)	—	(55,038)	—	—	—	—	—	517,824	462,786	— 462,786
Others Balance at December 31	6(20)	—	37,341	—	—	—	—	—	—	37,341	— 37,341 $ 760,392 $228,885,261
		$90,786,334	$103,468,658	$13,811,763	$5,565,152	$21,754,128	$(9,809,347)	$ 2,610,648	$ (62,467)	$228,124,869
2024
Balance at January 1		$90,786,334	$103,468,658	$13,811,763	$5,565,152	$21,754,128	$(9,809,347)	$ 2,610,648	$ (62,467)	$228,124,869	$ 760,392 $228,885,261
Profit for the year Other comprehensive income for the year Total comprehensive income	6(22)	— —	— —	— —	— —	6,472,883 39,700	— 4,603,560	— 968,089	— —	6,472,883	254,449 6,727,332
										5,611,349	(24,839) 5,586,510 229,610 12,313,842
		—	—	—	—	6,512,583	4,603,560	968,089	—	12,084,232
Appropriation of 2023 earnings:	6(21)
Special reserve		—	—	—	1,633,547	(1,633,547)	—	—	—	—	— —
Capital reduction by cash	6(19)	(10,894,360)	—	—	—	—	—	—	5,553	(10,888,807)	— (10,888,807)
Recognition of change in equity of associates in proportion to the Group's ownership	6(20)	—	57,714	—	—	—	—	—	—	57,714	— 57,714
Recognition of changes in ownership interests in subsidiaries	6(20)	—	2,129,720	—	—	—	—	—	—	2,129,720	585,833 2,715,553
Increase in non-controlling interests		—	—	—	—	—	—	—	—	—	120,070 120,070
Difference between consideration and carrying amount of subsidiaries disposed Disposal of investments in equity instruments measured at fair value through other comprehensive income	6(20)	— —	230,490 — 33,128	— —	— —	— 1,781,628	— —	— (1,781,628)	— —	230,490 — 33,128	73,308 303,798 — —
	6(3)(22)
Others	6(20)	—		—	—	—	—	—	—		— 33,128
Balance at December 31		$79,891,974	$105,919,710	$13,811,763	$7,198,699	$28,414,792	$(5,205,787)	$ 1,797,109	$ (56,914)	$231,771,346	$ 1,769,213 $233,540,559

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

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INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

	Notes 6(28) 6(28) 12(2) 6(7) 6(26) 6(26) 6(12) and 6(26) 6(26) 6(8) 6(27) 6(24) 6(25)	2024 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Profit (loss) before tax Adjustments Adjustments to reconcile (profit) loss Depreciation and amortization		$ 8,228,464 $ (16,363,131)
		31,149,934 30,773,369 (1,000,408) (710,218) 1,437 233,954 2,752 5,331 (31,807) (33,912) (9,057) — 1,702,869 113,895 (13,867,712) — (29) 202 (725,925) (60) 998,412 1,535,225 1,139,462 1,704,725 (2,352,133) (2,507,561) (158,633) (190,326) (21,380) 31,085 644,272 (359,849) (4,209,232) 3,124,395 (2,385,472) 283,661 308,295 148,217 (5,296,356) (1,233,297) (17,882) (637,607) (363,169) (59,989) (174,973) (369,595) 3,863,701 3,729,707 (98,296) 43,179 195,020 (3,491,283) (146,740) (1,979,501) 2,620,132 (2,328,225) (394,970) 228,023 19,600,576 11,690,414 (2,067,190) (2,134,533) 17,533,386 9,555,881
Net gain on financial assets or liabilities at fair value through profit or loss
Compensation cost of share-based payments
Expected credit loss
Share of profit of associates and joint ventures accounted for under equity method Gain on disposal of investments Loss on disposal of property, plant and equipment
Gain on disposal of non-current assets held for sale
(Gain) loss on lease modification
Gain on disposal of intangible assets Non-financial asset impairment loss
Interest expense Interest income
Dividend income Foreign exchange (gain) loss
Changes in operating assets and liabilities Changes in operating assets Financial assets/liabilities at fair value through profit or loss Accounts receivable Accounts receivable - related parties Other receivables Inventories Prepayments Other current assets
Other non-current assets
Changes in operating liabilities Accounts payable Accounts payable - related parties Other payables Provisions Other current liabilities Other non-current liabilities
Cash inflow generated from operations Cash paid for income tax
Net cash flows from operating activities

(Continued)

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INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

		2024 2023 $ (527,761) $ (7,278,730) 214,997 7,477,994 (1,066,821) (1,349,789) 3,322,397 — 801,151 (5,576,817) (9,523,503) (19,196,684) 4,451,947 7,028,289 2,551,759 11,511,327 786,637 272,006
CASH FLOWS FROM INVESTING ACTIVITIES	Notes
	6(3) 6(32) 6(12) 6(11) 6(19) 6(19)
Acquisition of financial assets at fair value through profit or loss Proceeds from disposal of financial assets at fair value through profit or loss Acquisition of investments in financial assets measured at fair value through other comprehensive income Proceeds from disposal of financial assets measured at fair value through other comprehensive income
Decrease (increase) in financial assets at amortized cost - current
Acquisitions of financial assets at amortized cost - non-current
Proceeds from disposal of financial assets at amortized cost
Proceeds from repayments of financial assets at amortized cost
Decrease in refundable deposits
Proceeds from capital reduction of investments accounted for under equity method		15,489 873,619
Increase in investment accounted for under equity method		(213,996) (70,000) (16,055,103) (21,351,840) 1,121,014 135,876 15,123,758 — — (103)
Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment
Proceeds from disposal of non-current assets held for sale
Acquisition of intangible assets
Proceeds from disposal of intangible assets		31,995 201
Interest received Dividends received		1,705,330 2,884,629 213,774 228,775 297,682 — — 33,848 3,250,746 (24,377,399) 2,927,017 (255,000) 2,454,542 39,058,412 (13,256,313) (35,049,959) (1,089,680) (1,628,492) (610,552) (671,936) 303,798 20,937 2,651,855 (62,969) 488 98,352 — 248,975 (10,888,807) (4,755,603) 32,086 37,341 (17,475,566) (2,959,942) 1,467,481 (196,544) 4,776,047 (17,978,004) 50,512,584 68,490,588 $ 55,288,631 $ 50,512,584
Other non-current assets Others
Net cash flows from (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (decrease) in short-term borrowings
Proceeds from long-term borrowings Repayments of long-term borrowings Interest paid Repayment of the principal portion of lease liabilities
Proceeds from disposal of shares of subsidiaries Net change of non-controlling interests Share-based payments Treasury shares transferred to employees Cash capital reduction Others
Net cash flows used in financing activities
Effect of changes in foreign currency exchange Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period

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

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INNOLUX CORPORATION AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

YEARS ENDED DECEMBER 31, 2024 AND 2023

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

1. HISTORY AND ORGANIZATION

(1) Innolux Corporation (the “Company”) was organized on January 14, 2003 under the Act for Establishment and Administration of Science Parks in the Republic of China (R.O.C.). The Company was listed on the Taiwan Stock Exchange Corporation (the “TSEC”) in October 2006. The Company merged with TPO Displays Corporation and Chi Mei Optoelectronics Corporation on March 18, 2010, with the Company as the surviving entity.
(2) The Company and its subsidiaries (the “Group”) engage in the research, development, design, manufacture and sales of TFT-LCD panels, modules and monitors of LCD, color filter, and low temperature poly-silicon TFT-LCD.
THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL

STATEMENTS AND PROCEDURES FOR AUTHORIZATION

These consolidated financial statements were authorized for issuance by the Board of Directors on March 13, 2025.

APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS
(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (“IFRS[®] ”) Accounting Standards that came into effect as endorsed by the Financial Supervisory Commission (“FSC”)

New standards, interpretations and amendments endorsed by the FSC and became effective from 2024 are as follows:

2024 are as follows:
	Effective date by
	International Accounting
New Standards,Interpretations and Amendments	Standards Board
Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’	January 1, 2024
Amendments to IAS 1, ‘Classification of liabilities as current or non-	January 1, 2024
current’
Amendments to IAS 1, ‘Non-current liabilities with covenants’	January 1, 2024
Amendments to IAS 7 and IFRS 7, ‘Supplier finance arrangements’	January 1, 2024

The above standards and interpretations have no significant impact to the Group’s financial condition and financial performance based on the Group’s assessment. (2) Effect of new issuances of or amendments to IFRS Accounting Standards as endorsed by the FSC but not yet adopted by the Group

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

but not yet adopted by the Group New standards, interpretations and amendments endorsed by the from 2025 are as follows:	FSC and will become effective
	Effective date by
	International Accounting
New Standards,Interpretations and Amendments	Standards Board
Amendments to IAS 21, ‘Lack of exchangeability’	January 1, 2025

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

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

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

Accounting Standards as endorsed by the FSC are as follows:
	Effective date by
	International Accounting
New Standards,Interpretations and Amendments	Standards Board
Amendments to IFRS 9 and IFRS 7, ‘Amendments to the classification	January 1, 2026
and measurement of financial instruments’
Amendments to IFRS 9 and IFRS 7, ‘Contracts referencing nature-	January 1, 2026
dependent electricity’
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets	To be determined by
between an investor and its associate or joint venture’	International Accounting
	Standards Board
IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 -	January 1, 2023
comparative information’
IFRS 18, ‘Presentation and disclosure in financial statements’	January 1, 2027
IFRS 19, ‘Subsidiaries without public accountability: disclosures’	January 1, 2027
Annual Improvements to IFRS Accounting Standards—Volume 11	January 1, 2026

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

A. Amendments to IFRS 9 and IFRS 7, ‘Amendments to the classification and measurement of financial instruments’:

The IASB issued the amendments to:

(a) Clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception relating to the derecognition of a financial liability (or part of a financial liability) settled through an electronic cash transfer system. Applying the exception, an entity is permitted to derecognize a financial liability at an earlier date if, and only if, the entity has initiated a payment instruction and specific conditions are met. The conditions for the exception are that the entity making the payment does not have:
i. the practical ability to withdraw, stop or cancel the payment instruction;
ii. the practical ability to access the cash used for settlement; and
iii. significant settlement risk.
(b) Clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion, covering contractual terms that can change cash flows based on contingent events (for example, interest rates linked to ESG targets), non-recourse features and contractually-linked instruments.
(c) Add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and

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governance (ESG) targets), including a qualitative description of the nature of the contingent event, quantitative information about the possible changes to contractual cash flows that could result from those contractual terms and the gross carrying amount of financial assets and amortised cost of financial liabilities subject to these contractual terms.

(d) Update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI). The entity shall disclose the fair value of each class of investment and is no longer required to disclose the fair value of each investment. In addition,the amendments require the entity to disclose the fair value gain or loss presented in other comprehensive income during the period, showing separately the fair value gain or loss related to investments derecognized during the reporting period and the fair value gain or loss related to investments held at the end of the reporting period; and any transfers of the cumulative gain or loss within equity during the reporting period related to the investments derecognized during that reporting period.
B. IFRS 18, ‘Presentation and disclosure in financial statements’
IFRS 18, ‘Presentation and disclosure in financial statements’ replaces IAS 1. The standard introduces a defined structure of the statement of profit or loss, disclosure requirements related to management-defined performance measures, and enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes.

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

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

(1) Compliance statement

The consolidated financial statements of the Group have been prepared in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Issuers”, International Financial Reporting Standards, International Accounting Standards, IFRIC[®] Interpretations, and SIC[®] Interpretations as endorsed and issued into effect by the FSC (collectively referred herein as the “IFRSs”).

(2) Basis of preparation

A. Except for the following items, these consolidated financial statements have been prepared under the historical cost convention:
(a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.
(b) Financial assets at fair value through other comprehensive income.
(c) Defined benefit assets recognized based on the net amount of pension fund assets less present value of defined benefit obligations.
B. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

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(3) Basis of consolidation

A. Basis for preparation of consolidated financial statements
(a) All subsidiaries are included in the Group’s consolidated financial statements. Subsidiaries are all entities controlled by the Group. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Consolidation of subsidiaries begins from the date the Group obtains control of the subsidiaries and ceases when the Group loses control of the subsidiaries.
(b) Significant inter-company transactions, balances and unrealized gains or losses on transactions between companies within the Group are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Group.
(c) Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests. Total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.
(d) Changes in a parent’s ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary (transactions with non-controlling interests) are accounted for as equity transactions, i.e. transactions with owners in their capacity as owners. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity.
(e) When the Group loses control of a subsidiary, the Group remeasures any investment retained in the former subsidiary at its fair value. Any difference between fair value and carrying amount is recognized in profit or loss. All amounts previously recognized in other comprehensive income in relation to the subsidiary would be reclassified to profit or loss when the related assets or liabilities are disposed of.
B. Subsidiaries included in the consolidated financial statements:

Ownership (%)

Name of Investor	Name of Subsidiary	Main Business Activities	December 31,2024	December 31,2023 Description
Innolux Corporation	Innolux Holding Limited Keyway Investment Management Limited Landmark International Ltd. Toppoly Optoelectronics (B.V.I.) Ltd. Innolux Hong Kong Holding Limited Yuan Chi Investment Co., Ltd. InnoJoy Investment Corporation	Investment holdings Investment holdings Investment holdings Investment holdings Investment holdings Investment company Investment company	100 100 100 100 100 100 100	100 — 100 — 100 — 100 — 100 — 100 — 100 —

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Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%) December 31,2024 December 31,2023 Description	Ownership (%) December 31,2024 December 31,2023 Description
			December 31,2024
Innolux Corporation Innolux Holding Limited Keyway Investment Management Limited Landmark International Ltd. Toppoly Optoelectronics (B.V.I.) Ltd. Innolux Hong Kong Holding Limited InnoJoy Investment Corporation Innolux Japan Co., Ltd. Innolux Singapore Holding Pte. Ltd. Rockets Holding Limited Suns Holding Ltd	Innolux Japan Co., Ltd. Innolux Singapore Holding Pte. Ltd. InnoCare Optoelectronics Corporation GIO Optoelectronics Corp. INStek Corporation Advanced Micro Lux Holding Limited Rockets Holding Limited Suns Holding Ltd Foshan Innolux Logistics Ltd. Ningbo Innolux Optoelectronics Ltd. Foshan Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd. Toppoly Optoelectronics (Cayman) Ltd. Innolux Hong Kong Limited Innolux Japan Co., Ltd. CarUX Holding Limited Inno Capital Corporation Innolux USA, Inc. INNOLUX OPTOELECTRONICS INDIA PRIVATE LIMITED Stanford Developments Limited Nets Trading Ltd. Warriors Technology Investments Ltd	Investment, R&D and sales company Investment holdings Investment, R&D, manufacturing and sales company Investment, R&D, manufacturing and sales company R&D, manufacturing and sales company Investment, R&D company Investment holdings Investment holdings Warehousing company Processing company Processing company Processing company Investment holdings Sales company Investment, R&D and sales company Investment holdings Investment company Sales company Sales company Investment holdings Investment company Investment company	54 100 49 76 — 67 100 100 100 100 100 100 100 — 46 86 100 100 100 100 — 100	54 — 100 — 50 (a) 76 — 40 (h) — (k) 100 — 100 — 100 — 100 — 100 — 100 — 100 — 100 (l) 46 — 95 (i) 100 — 100 — 100 — 100 — 100 (m) 100 —

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Name of Investor	Name of Subsidiary	Main Business Activities	Ownership (%) December 31,2024 December 31,2023 Description	Ownership (%) December 31,2024 December 31,2023 Description
			December 31,2024
Toppoly Optoelectronics (Cayman) Ltd. CarUX Holding Limited Ultimate Fantasy Limited CARUX TECHNOLOGY PTE. LTD. CarUX Technology Hong Kong Holding Limited CarUX Technology Europe B.V. Stanford Developments Limited Ningbo Innolux Optoelectronics Ltd. InnoCare Optoelectronics Corporation GIO Optoelectronics Corp. Double Star Inc.	Nanjing Innolux Technology Ltd. Nanjing Innolux Optoelectronics Ltd. CARUX TECHNOLOGY PTE. LTD. Ultimate Fantasy Limited CarUX Holding Limited CarUX Technology Hong Kong Holding Limited CarUX Technology Europe B.V. CarUX Technology Taiwan Inc. CarUX Technology (Ningbo) Ltd. CarUX Technology (Shanghai ) Ltd. CarUX Technology Germany GmbH Innocom Technology (Shenzhen) Co., Ltd. CarUX Technology (Ningbo) Ltd. InnoCare Optoelectronics Japan Co., Ltd. InnoCare Optoelectronics USA, INC. Ningbo Innolux Electornics Ltd. Innocare Optoelectronics Europe B.V. Double Star Inc. GIO (Maanshan) Optoelectronics Co., Ltd.	Sales company Processing company Investment and sales company Investment holdings Investment holdings Investment holdings Investment, sales, and R&D testing company Manufacturing and sales company Processing company Manufacturing and sales company Testing and maintenance company Processing company Processing company Sales company Sales company Manufacturing and sales company After-sales service company Investment holdings Processing company	100 100 100 — 5 100 100 100 100 100 100 100 — 100 100 100 100 100 100	100 — 100 — 100 — — (b) 5 — 100 (c) 100 (f) 100 (d) — (j) 100 (e) 100 (g) 100 — 100 (j) 100 — 100 — 100 — 100 — 100 — 100 —

(a) In 2024 and 2023, the employee stock options issued by InnoCare Company were exercised and converted into ordinary shares, thereby decreasing the Company’s shareholding ratio.

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  - (b) Ultimate Fantasy Limited was established in the first quarter of 2023 and was included in the consolidated financial statements since the date of establishment.

  - (c) Innolux Optoelectronics Hong Kong Holding Limited changed its name to CarUX Technology Hong Kong Holding Limited in the second quarter of 2023.

  - (d) CarUX Technology Inc. changed its name to CarUX Technology Taiwan Inc. in the second quarter of 2023.

  - (e) Shanghai Innolux Optoelectronics Ltd. changed its name to CarUX Technology (Shanghai) Ltd. in the second quarter of 2023.

  - (f) Innolux Europe B.V. changed its name to CarUX Technology Europe B.V. in the third quarter of 2023.

  - (g) Innolux Technology Germany GmbH changed its name to CarUX Technology Germany GmbH in the third quarter of 2023.

  - (h) In the first quarter of 2024, INStek Corporation had completed liquidation and dissolution.

  - (i) In the second quarter of 2024, CarUX Holding Limited issued new shares and Innolux Hong Kong Holding Limited sold part of its holdings, thereby decreasing the Company’s shareholding ratio from 95% to 86%.

  - (j) Ningbo CarUX Technology Ltd. changed its name to CarUX Technology (Ningbo) Ltd. in the third quarter of 2024. In the fourth quarter of 2024, CarUX Technology Pte. Ltd. obtained 100% equity interest in CarUX Technology (Ningbo) Ltd. as the Group adjusted the investment structure.

  - (k) Advanced Micro Lux Holding Limited was established in the fourth quarter of 2024.

  - (l) In the fourth quarter of 2024, Innolux Hong Kong Limited had completed liquidation and dissolution.

(m) In the fourth quarter of 2024, Nets Trading Ltd. had completed liquidation and dissolution.
C. Subsidiaries not included in the consolidated financial statements: None.
D. Adjustments for subsidiaries with different balance sheet dates: None.
E. The restrictions on fund remittance from subsidiaries to the parent company: None.
F. Subsidiaries that have non-controlling interests that are material to the Group: None.
(4) Foreign currency translation
Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in New Taiwan dollars, which is the Company’s functional and the Group’s presentation currency.
A. Foreign currency transactions and balances
- (a) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognized in profit or loss in the period in which they arise.
- (b) Monetary assets and liabilities denominated in foreign currencies at the period end are retranslated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognized in profit or loss.

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(c) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in other comprehensive income. However, nonmonetary assets and liabilities denominated in foreign currencies that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions.
(d) All foreign exchange gains and losses are presented in the statement of comprehensive income within ‘other gains and losses’.
B. Translation of foreign operations
(a) The operating results and financial position of all the group entities and associates that have a functional currency different from the presentation currency are translated into the presentation currency as follows:
- i. Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet;
- ii. Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and
- iii. All resulting exchange differences are recognized in other comprehensive income.
(b) When the foreign operation partially disposed of or sold is an associate, exchange differences that were recorded in other comprehensive income are proportionately reclassified to profit or loss as part of the gain or loss on sale. In addition, even when the Group retains partial interest in the former foreign associate after losing significant influence over the former foreign associate, such transactions should be accounted for as disposal of all interest in these foreign operations.
(c) When the foreign operation partially disposed of or sold is a subsidiary, cumulative exchange differences that were recorded in other comprehensive income are proportionately transferred to the non-controlling interest in this foreign operation. In addition, even when the Group retains partial interest in the former foreign subsidiary after losing control of the former foreign subsidiary, such transactions should be accounted for as disposal of all interest in the foreign operation.

(5) Classification of current and non-current items

A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets:
(a) Assets arising from operating activities that are expected to be realized, or are intended to be sold or consumed within the normal operating cycle;
(b) Assets held mainly for trading purposes;
(c) Assets that are expected to be realized within twelve months from the balance sheet date;

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  - (d) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to settle liabilities more than twelve months after the balance sheet date.

B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities:
- (a) Liabilities that are expected to be settled within the normal operating cycle;
- (b) Liabilities arising mainly from trading activities;
- (c) Liabilities that are to be settled within twelve months from the balance sheet date;
- (d) It does not have the right at the end of the reporting period to defer settlement of the liability at least twelve months after the reporting period.
(6) Cash equivalents

Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits and fixed income financial products in 3 months that meet the definition above and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.

(7) Financial assets at fair value through profit or loss
A. Financial assets at fair value through profit or loss are financial assets that are not measured at amortized cost or fair value through other comprehensive income.
B. On a regular way purchase or sale basis, financial assets at fair value through profit or loss are recognized and derecognized using trade date accounting.
C. At initial recognition, the Group measures the financial assets at fair value and recognizes the transaction costs in profit or loss. The Group subsequently measures the financial assets at fair value, and recognizes the gain or loss in profit or loss.
D. The Group recognizes the dividend income when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.
(8) Financial assets at fair value through other comprehensive income
A. Financial assets at fair value through other comprehensive income comprise equity securities which are not held for trading, and for which the Group has made an irrevocable election at initial recognition to recognize changes in fair value in other comprehensive income.
B. On a regular way purchase or sale basis, financial assets at fair value through other comprehensive income are recognized and derecognized using trade date accounting.
C. At initial recognition, the Group measures the financial assets at fair value plus transaction costs. The Group subsequently measures the financial assets at fair value:
- The changes in fair value of equity investments that were recognized in other comprehensive income are reclassified to retained earnings and are not reclassified to profit or loss following the derecognition of the investment. Dividends are recognized as revenue when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.

(9) Financial assets at amortized cost

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

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(a) The objective of the Group’s business model is achieved by collecting contractual cash flows.
(b) The assets’ contractual cash flows represent solely payments of principal and interest.
B. On a regular way purchase or sale basis, financial assets at amortized cost are recognized and derecognized using trade date accounting.
C. At initial recognition, the Group measures the financial assets at fair value plus transaction costs. Interest income from these financial assets is included in finance income using the effective interest method. A gain or loss is recognized in profit or loss when the asset is derecognized or impaired.
D. The Group’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is immaterial.
(10) Accounts and notes receivable
A. Accounts and notes receivable entitle the Group a legal right to receive consideration in exchange for transferred goods or rendered services.
B. The short-term accounts and notes receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.
(11) Impairment of financial assets
For financial assets at amortized cost, at each reporting date, the Group recognizes the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognizes the impairment provision for the lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts. On the other hand, for accounts receivable that do not contain a significant financing component, the Group recognizes the impairment provision for lifetime ECLs.

(12) Derecognition of financial assets

The Group derecognizes a financial asset when one of the following conditions is met:

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

(13) Operating leases (lessor)

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

(14) Inventories

Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted-average method. The cost of finished goods and work in progress comprises raw materials, direct labor, other direct costs and related production overheads (allocated based on normal operating capacity). It excludes borrowing costs. The item by item approach is used in applying the lower of cost and net realizable value. Net realizable value is the estimated selling

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price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale.

(15) Non-current assets or disposal groups held for sale
Non-current assets or disposal groups are classified as assets held for sale when their carrying amount is to be recovered principally through a sale transaction rather than through continuing use, and a sale is considered highly probable. They are stated at the lower of carrying amount and fair value less costs to sell.
(16) Investments accounted for using equity method / associates
A. Associates are all entities over which the Group has significant influence but not control. In general, it is presumed that the investor has significant influence, if an investor holds, directly or indirectly 20 percent or more of the voting power of the investee. Investments in associates are accounted for using the equity method and are initially recognized at cost.
B. The Group’s share of its associates’ post-acquisition profits or losses is recognized in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income. When the Group’s share of losses in an associate equals or exceeds its interest in the associate, the Group does not recognize further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.
C. When changes in an associate’s equity do not arise from profit or loss or other comprehensive income of the associate and such changes do not affect the Group’s ownership percentage of the associate, the Group recognizes change in ownership interests in the associate in ‘capital surplus’ in proportion to its ownership.
D. Unrealized gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associates. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been adjusted where necessary to ensure consistency with the policies adopted by the Group.
E. In the case that an associate issues new shares and the Group does not subscribe or acquire new shares proportionately, which results in a change in the Group’s ownership percentage of the associate but maintains significant influence on the associate, then ‘capital surplus’ and ‘investments accounted for under the equity method’ shall be adjusted for the increase or decrease of its share of equity interest. If the above condition causes a decrease in the Group’s ownership percentage of the associate, in addition to the above adjustment, the amounts previously recognized in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately on the same basis as would be required if the relevant assets or liabilities were disposed of.
F. When the Group dispose its investment in an associate and loses significant influence over this associate, the amounts previously recognized in other comprehensive income in relation to the associate, are reclassified to profit or loss, on the same basis as would be required if the relevant assets or liabilities were disposed of. If it retains significant influence over this associate, the amounts previously recognized in other comprehensive income in relation to the

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associate are reclassified to profit or loss proportionately in accordance with the aforementioned approach.

(17) Property, plant and equipment
A. Property, plant and equipment are initially recorded at cost. Borrowing costs incurred during the construction period are capitalized.
B. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred.
C. Land is not depreciated. Other property, plant and equipment apply cost model and are depreciated using the straight-line method to allocate their cost over their estimated useful lives. Each part of an item of property, plant, and equipment with a cost that is significant in relation to the total cost of the item must be depreciated separately.
D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change.The estimated useful lives of property, plant and equipment are as follows:

Buildings and structures 2~51 years Machinery and equipment 1~11 years Other equipment 1~6 years

(18) Leasing arrangements (lessee) - right-of-use assets / lease liabilities
A. Leases are recognized as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Group. For short-term leases or leases of lowvalue assets, lease payments are recognized as an expense on a straight-line basis over the lease term.
B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate. Lease payments are comprised of the following:
- (a) Fixed payments, less any lease incentives receivable; and
- (b) Variable lease payments that depend on an index or a rate.
- The Group subsequently measures the lease liability at amortized cost using the interest method and recognizes interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognized as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications.
C. At the commencement date, the right-of-use asset is stated at cost comprising the following: (a) The amount of the initial measurement of lease liability;

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  - (b) Any lease payments made at or before the commencement date; and

  - (c) An estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease.

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

D. For lease modifications that decrease the scope of the lease, the lessee shall decrease the carrying amount of the right-of-use asset and remeasure the lease liability to reflect the partial or full termination of the lease, and recognize the difference in profit or loss.
(19) Investment property

An investment property is stated initially at its cost and measured subsequently using the cost model. Except for land, investment property is depreciated on a straight-line basis over its estimated useful life of 25 ~ 51 years.

(20) Intangible assets
A. Goodwill arises in a business combination accounted for by applying the acquisition method.
B. Patent, royalties and other intangible assets are amortized on a straight-line basis over their estimated useful lives of 2 ~ 10 years.

(21) Impairment of non-financial assets

A. The Group assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. Except for goodwill, when the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortized historical cost would have been if the impairment had not been recognized.
B. The recoverable amounts of goodwill, intangible assets with an indefinite useful life and intangible assets that have not yet been available for use are evaluated periodically. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. Impairment loss of goodwill previously recognized in profit or loss shall not be reversed in the following years.
C. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the cash-generating units, or groups of cash-generating units, that is/are expected to benefit from the synergies of the business combination. Each unit or group of units to which the goodwill is allocated represents the lowest level within the entity at which the goodwill is monitored for internal management purposes. Goodwill is monitored at the operating segment level.

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(22) Borrowings

A. Borrowings comprise long-term and short-term bank borrowings. Borrowings are recognized initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortized cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognized in profit or loss over the period of the borrowings using the effective interest method.
B. Fees paid on the establishment of loan facilities are recognized as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalized as a prepayment for liquidity services and amortized over the period of the facility to which it relates.
(23) Notes and accounts payable
A. Accounts payable are liabilities for purchases of raw materials, goods or services and notes payable are those resulting from operating and non-operating activities.
B. The short-term notes and accounts payable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.

(24) Financial liabilities at fair value through profit or loss

A. Financial liabilities are classified in this category of held for trading if acquired principally for the purpose of repurchasing in the short-term. Derivatives are also categorized as financial liabilities held for trading unless they are designated as hedges.
B. At initial recognition, the Group measures the financial liabilities at fair value. All related transaction costs are recognized in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognized in profit or loss.

(25) Derecognition of financial liabilities

A financial liability is derecognized when the obligation specified in the contract is either discharged or cancelled or expires.

(26) Provisions

Provisions (including warranties, litigations, etc.) are recognized when the Group has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation on the balance sheet date, which is discounted using a pre-tax discount rate that reflects the current market assessments of the time value of money and the risks specific to the obligation. When discounting is used, the increase in the provision due to passage of time is recognized as interest expense. Provisions are not recognized for future operating losses.

(27) Employee benefits

A. Short-term employee benefits

Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognized as expense in that period when the employees render service.

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B. Pensions

(a) Defined contribution plans

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

(b) Defined benefit plans
- i. Net obligation under a defined benefit plan is defined as the present value of an amount of pension benefits that employees will receive on retirement for their services with the Group in current period or prior periods. The liability recognized in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The rate used to discount is determined by using interest rates of government bonds (at the balance sheet date) that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.
- ii. Remeasurements arising on defined benefit plans are recognized in other comprehensive income in the period in which they arise and are recorded as retained earnings.
C. Termination benefits
Termination benefits are employee benefits provided in exchange for the termination of employment as a result from either the Group’s decision to terminate an employee’s employment before the normal retirement date, or an employee’s decision to accept an offer of redundancy benefits in exchange for the termination of employment. The Group recognizes expense as it can no longer withdraw an offer of termination benefits or it recognizes relating restructuring costs, whichever is earlier. Benefits that are expected to be due more than 12 months after balance sheet date shall be discounted to their present value.
D. Employees’ compensation and directors’ remuneration
Employees’ compensation and directors’ remuneration are recognized as expense and liability, provided that such recognition is required under legal or constructive obligation and those amounts can be reliably estimated. Any difference between the resolved amounts and the subsequently actual distributed amounts is accounted for as changes in estimates.

- (28) Employee share based payment

A. For the equity-settled share-based payment arrangements, the employee services received are measured at the fair value of the equity instruments granted at the grant date, and are recognized as compensation cost over the vesting period, with a corresponding adjustment to equity. The fair value of the equity instruments granted shall reflect the impact of market vesting conditions and non-vesting conditions. Compensation cost is subject to adjustment based on the service conditions that are expected to be satisfied and the estimates of the number of equity instruments that are expected to vest under the non-market vesting conditions at each balance sheet date. Ultimately, the amount of compensation cost recognized is based on the number of equity instruments that eventually vest.

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B. Restricted stocks

(a).Restricted stocks issued to employees are measured at the fair value of the equity instrumnents granted at the grant date, and are recognized as compensation cost over the vesting period.
(b).Employees do not have the right to participate in dividend distribution before the vesting conditions are met. For restricted stocks where employees have to pay to acquire those stocks, if the employees resign during the vesting period, they must return the stocks to the Group and the Group must refund their payments on the stocks. For restricted stocks issued with consideration with the grant date set on or after October 11, 2024, the Group recognizes the payments from the employees who had paid to acquire the stocks as liabilities at the grant date; For restricted stocks issued with consideration with the grant date set on or before October 10, 2024, the Group recognizes the payments from the employees who are expected to resign during the vesting period as liabilities at the grant date, and recognizes the payments from the employees who are expected to be eventually vested with the stocks in ‘capital surplus – others’.

(29) Income tax

A. The tax expense for the year comprises current and deferred tax. Tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or items recognized directly in equity, in which cases the tax is recognized in other comprehensive income or equity.
B. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Group operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings and is recorded as income tax expense in the year the stockholders resolve to retain the earnings.
C. Deferred tax is recognized, using the balance sheet liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. Deferred tax is provided on temporary differences arising on investments in subsidiaries and associates, except where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realized or the deferred tax liability is settled.
D. Deferred tax assets are recognized only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilized. At each balance sheet date, unrecognized and recognized deferred tax assets are reassessed.
E. A deferred tax asset shall be recognized for the carryforward of unused tax credits resulting from research and development expenditures to the extent that it is possible that future taxable profit will be available against which the unused tax credits can be utilized.

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(30) Share capital

A. Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or stock options are shown in equity as a deduction, net of tax, from the proceeds.
B. Where the Company repurchases the Company’s equity share capital that has been issued, the consideration paid, including any directly attributable incremental costs is deducted from equity attributable to the Company’s equity holders. Where such shares are subsequently reissued, the difference between their book value and any consideration received, net of any directly attributable incremental transaction costs, is included in equity attributable to the Company’s equity holders.
(31) Revenue recognition
A. The Group is primarily engaged in manufacture and sale of TFT-LCD panel products. The Group recognizes revenue when the right of control is transferred to the customer when the products are delivered to customer and the Group has no unperformed obligation that could affect customer acceptance of the product. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the customer, and either the customer has accepted the products in accordance with the sales contract, or the Group has objective evidence that all criteria for acceptance have been satisfied.
B. Sales revenue is calculated based on the contract price, net of volume discounts and sales returns and discounts. Revenue from these sales is recognized based on the price specified in the contract, net of the estimated volume discounts and sales discounts and allowances. Accumulated experience is used to estimate and provide for the volume discounts, sales discounts and allowances, using the expected value method, and revenue is only recognized to the extent that it is highly probable that a significant reversal will not occur. The estimation is subject to an assessment at each reporting date. A refund liability is recognized for expected volume discounts, sales discounts and allowances payable to customers in relation to sales made until the end of the reporting period. No element of financing is deemed present as the sales are made, which is consistent with market practice.
C. A receivable is recognized when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

(32) Government grants

Government grants are recognized at their fair value only when there is reasonable assurance that the Group will comply with any conditions attached to the grants and the grants will be received. Government grants are recognized in profit or loss on a systematic basis over the periods in which the Group recognizes expenses for the related costs for which the grants are intended to compensate. Government grants related to property, plant and equipment are recognized as current liabilities or non-current liabilities according to liquidity and are amortized to profit or loss over the estimated useful lives of the related assets using the straight-line method.

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(33) Operating segments

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segments.

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

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

(1) Critical accounting estimates and assumptions

The Group makes estimates and assumptions based on the expectation of future events that are believed to be reasonable under the circumstances at the end of the reporting period. The resulting accounting estimates might be different from the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

A. Impairment assessment of goodwill
The impairment assessment of goodwill relies on the Group’s subjective judgment, including identifying cash-generating units, allocating assets and liabilities as well as goodwill to related cash-generating units, and determining the recoverable amounts of related cash-generating units. Please refer to Note 6(11) for the information on goodwill impairment.
B. Impairment assessment of tangible and intangible assets (excluding goodwill)
The Group assesses impairment based on its subjective judgment and determines the separate cash flows of a specific group of assets, useful lives of assets and the future possible income and expenses arising from the assets depending on how assets are utilized and industrial characteristics. Any changes of economic circumstances or estimates due to the change of Group strategy might cause material impairment on assets in the future. Please refer to Notes 6(11) for the information on impairment assessment .
C. Evaluation of inventories
As inventories are stated at the lower of cost and net realizable value, the Group must determine the net realizable value of inventories on balance sheet date using judgments and estimates. Due to the rapid technology innovation, the Group evaluates the amounts of normal inventory consumption, obsolete inventories or inventories without market selling value on balance sheet date, and writes down the cost of inventories to the net realizable value. Such an evaluation of inventories is principally based on the demand for the products within the specified period in the future. Therefore, there might be material changes to the evaluation.

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6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

TAILS OF SIGNIFICANT AC COUNTS Cash and cash equivalents
Cash on hand, demand deposits and checking accounts	December 31,2024 December 31,2023
	$ 28,753,062 $ 35,642,578 26,240,504 14,870,006 295,065 — $ 55,288,631 $ 50,512,584
Time deposits
Fixed income financial products in 3 months

A. The Group associates with a variety of financial institutions all with high credit quality to disperse credit risk, so it expects that the probability of counterparty default is remote. B. The above time deposits expire in 3 months and risks of changes in their values are remote.

(2) Financial assets and liabilities at fair value through profit or loss

Assets	December 31,2024 December 31,2023
Current items Financial assets mandatorily measured at fair value through profit or loss
Convertible bonds	$ 245,277 $ — 188,788 — 3,321 396,892 — 63,875
Beneficiary certificates Forward foreign exchange contracts Foreign exchange swap contracts Non-current items
	$ 437,386 $ 460,767

Financial assets mandatorily measured at fair value through profit or loss Listed stocks Unlisted stocks Financial products Convertible bonds	$ 4,395,264 $ 3,788,437
	1,901,123 1,131,716 200,070 177,261 — 202,738
	$ 6,496,457 $ 5,300,152
Liabilities Current items

Financial liabilities held for trading Forward foreign exchange contracts
	$ 226,082 $ 44,596
Foreign exchange swap contracts	24,940 —
	$ 251,022 $ 44,596

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The non-hedging derivative financial assets and liabilities transaction information are as follows:

	December 31,	December 31,	2024	December 31,2023	December 31,2023	December 31,2023
Derivative financial assets and liabilities	Contract Amount (Notional Principal) (in thousands)		Contract Period	Contract Amount (Notional Principal) (in thousands) Contract Period
Current items
Forward foreign exchange contracts	USD (sell) $ 50,000 RMB (buy) 363,019 USD (sell) 185,000 JPY (buy) 28,077,950 USD (sell) 103,000 TWD (buy) 3,335,867		2024/11-2025/01 2024/11-2025/01 2024/12-2025/01 2024/12-2025/01 2024/11-2025/02 2024/11-2025/02	USD (sell) $ 257,000 2023/11-2024/02 RMB (buy) 1,850,771 2023/11-2024/02 RMB (sell) 325,000 2023/11-2024/02 TWD (buy) 1,414,638 2023/11-2024/02 USD (sell) 35,000 2023/12-2024/01 JPY (buy) 5,018,000 2023/12-2024/01 TWD (sell) 5,708,377 2023/08-2024/05 JPY (buy) 26,350,000 2023/08-2024/05
Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Foreign exchange swap contracts
		67,000 2,162,531	2024/12-2025/03 2024/12-2025/03	EUR (sell) USD (buy) HKD (sell) USD (buy) USD (sell) TWD (buy) USD (sell) TWD (buy)	4,700 5,176 70,198 9,000 261,000 8,166,841 137,000 4,257,216	2023/12-2024/01 2023/12-2024/01 2023/12-2024/01 2023/12-2024/01 2023/10-2024/01 2023/10-2024/01 2023/11-2024/02 2023/11-2024/02





	USD (sell)
	TWD (buy)

The Group entered into forward foreign exchange contracts to hedge exchange rate risk of import and export proceeds in foreign currency. Foreign exchange swap contracts are to meet fund procurement demand. However, these contracts are not accounted for using hedge accounting.

(3) Financial assets at fair value through other comprehensive income

Non-current items	December 31,2024 December 31,2023

Equity instruments Listed stocks Unlisted stocks
	$ 5,112,180 $ 6,532,864
	15,193 132,150
	$ 5,127,373 $ 6,665,014

A. The Group has elected to classify equity instruments that are considered to be strategic investments and steady dividend income as financial assets at fair value through other comprehensive income.
B. The Group sold $3,322,397 and $0 of stocks at fair value resulting in cumulative gains amounting to $1,781,628 and $0 on disposal which were recognized in unappropriated retained earnings during the years ended December 31, 2024 and 2023, respectively.
C. For information on other comprehensive income for fair value change recognized by the Group for the years ended December 31, 2024 and 2023, please refer to Note 6(22) “Other equity”.

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(4) Financial assets at amortized cost

Financial assets at amortized cost
	December 31,2024 December 31,2023
Current items	$ 9,091,347 $ 11,236,955 — 876,036 $ 9,091,347 $ 12,112,991 $ 23,689,875 $ 18,813,183 1,000,000 — $ 24,689,875 $ 18,813,183
Principal guaranteed financial assets Corporate bonds Non-current items Principal guaranteed financial assets Corporate bonds

A. The Group recognized $829,626 and $846,726 of interest income arising from the financial assets at amortized cost for the years ended December 31, 2024 and 2023, respectively.
B. The Group associates with a variety of financial institutions and counterparties all with high credit quality to disperse credit risk, so it expects that the probability of financial institution and counterparty defaults is remote.

(5) Notes receivable and accounts receivable

counterparty defaults is remote. Notes receivable and accounts receivable
Notes receivable Accounts receivable	December 31,2024 December 31,2023 $ 399,317 $ 256,908 33,679,013 29,612,190 34,078,330 29,869,098 (288,682) (284,588)
Less: Allowance for uncollectible accounts
	$ 33,789,648 $ 29,584,510
A. The aging analysis of accounts receivable and notes receivable is as follows: December 31,2024 December 31,2023 Not past due $ 32,000,496 $ 28,745,416 Up to 60 days 1,496,435 1,048,924 61 to 180 days 572,014 50,902 Over 180 days 9,385 23,856 $ 34,078,330 $ 29,869,098

A. The aging analysis of accounts receivable and notes receivable is as follows:

The above aging analysis was based on past due date.

B. As of December 31, 2024 and 2023, accounts receivable and notes receivable were all from contracts with customers. As of January 1, 2023, the balance of receivables from contracts with customers amounted to $33,157,027.

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

(6) Inventories

nventories
Raw materials and supplies Work in progress Finished goods	December 31,2024 December 31,2023
	$ 4,843,058 $ 4,953,641
	14,716,739 13,595,294 22,887,135 18,601,641
	$ 42,446,932 $ 37,150,576

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For the years ended December 31, 2024 and 2023, the Group recognized cost of goods sold for inventories that have been sold at $203,072,777 and $208,532,061 and recognized net inventory gain (loss) at $735,835 and ($99,452) due to write-down reversal (write-down) of cost of scrap inventories to net realizable value, respectively.

(7) Investments accounted for under the equity method

inventories to net realizable value, respectively. Investments accounted for under the equity method
FI Medical Device Manufacturing Co., Ltd. CDIB-Innolux Limited Partnership CDIB-Innolux II Limited Partnership PanelSemi Corporation Ampower Holding Ltd. Others	December 31,2024 December 31,2023
	$ 304,306 $ 308,214
	262,942 243,859
	215,778 —
	104,639 95,884 47,408 48,561
	7,896 7,073
	$ 942,969 $ 703,591

The operating results of the Group’s share in all individually immaterial associates are summarized below:

below:
Profit for the year from continuing operations Other comprehensive income (loss) - net of tax Total comprehensive income	Years ended December 31,
	2024 2023 $ 31,807 $ 33,912 7,578 (32,278) $ 39,385 $ 1,634

(8) Property, plant and equipment

Cost: Land Buildings Machinery and equipment Other equipment			2024
	At January1 $ 4,093,726 208,693,827 560,880,697 51,757,595 825,425,845	Additions $ — 701,907 1,701,923 10,711 2,414,541	Disposals $ — (2,946,611) (41,708,026) (4,513,715) (49,168,352)	Transfer, net exchange differences and others At December 31 $ — $ 4,093,726 (16,282,752) 190,166,371 13,716,614 534,591,208 3,177,693 50,432,284 611,555 779,283,589
Accumulated depreciation and impairment: Buildings Machinery and equipment Other equipment Unfinished construction and equipment under acceptance
	(160,271,939)	(6,695,449)	2,724,530	15,652,226 (148,590,632)
	(481,055,228) (45,670,031) (686,997,198) 10,824,364 $ 149,253,011	(21,088,586) (3,676,776) (31,460,811) 12,225,157	38,966,654 4,480,432 46,171,616 —	(1,826,840) (465,004,000) (261,509) (45,127,884) 13,563,877 (658,722,516) (16,215,358) 6,834,163 $ 127,395,236

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Cost:			2023
	At January1 $ 4,093,726 208,111,269 545,736,320 51,037,607 808,978,922 (156,000,139) (467,000,256) (44,540,303) (667,540,698) 16,095,294 $ 157,533,518	Additions $ — 766,081 3,442,458 5,606 4,214,145 (7,215,418) (20,420,820) (3,979,727) (31,615,965) 17,545,916	Disposals $ — (2,660,835) (6,002,796) (2,832,571) (11,496,202) 2,632,901 5,676,084 2,785,955 11,094,940 —	Transfer, net exchange differences and others At December 31 $ — $ 4,093,726 2,477,312 208,693,827 17,704,715 560,880,697 3,546,953 51,757,595 23,728,980 825,425,845 310,717 (160,271,939) 689,764 (481,055,228) 64,044 (45,670,031) 1,064,525 (686,997,198) (22,816,846) 10,824,364 $ 149,253,011
Land Buildings Machinery and equipment Other equipment
Accumulated depreciation and impairment:
Buildings Machinery and equipment Other equipment

Unfinished construction and equipment under acceptance

A. Information about the property, plant and equipment that were pledged to others as collateral is provided in Note 8.
B. As of December 31, 2024 and 2023, the prepayments for business facilities which have not yet entered the factory (shown as ‘other non-current assets’) amounted to $750,310 and $914,846, respectively.
C. For the years ended December 31, 2024 and 2023, the Company conducted impairment assessments on non-financial assets with extremely low asset activation and capacity utilization rates. Because the asset impairments recognized in previous years recoverable amounts were estimated to be low at its book value, impairment loss of $998,412 and $1,535,225 were recognized, respectively.
(9) Leasing arrangements－lessee
A. The Group leases various assets including land, buildings and other equipment. Rental contracts are typically made for periods of 2 to 50 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes.
B. Short-term leases with a lease term of 12 months or less comprise office, dormitory and equipment. Low-value assets comprise computer equipment.
C. The carrying amount of right-of-use assets and the depreciation charge are as follows:

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Land Buildings	December 31,2024 December 31,2023
	Carryingamount Carryingamount
	$ 3,214,012 $ 3,942,352
	127,000 149,272
Other equipment	233 217
	$ 3,341,245 $ 4,091,841
	Year ended December 31,2024 Year ended December 31,2023
Land Buildings Other equipment
	Depreciation Charge Depreciation Charge
	$ 446,739 $ 470,256
	65,726 63,235 258 997
	$ 512,723 $ 534,488

D. For the years ended December 31, 2024 and 2023, the additions to right-of-use assets were $39,291 and $40,420, respectively.
E. The information on profit and loss accounts relating to lease contracts is as follows:

Items affecting profit or loss	Year ended December 31,2024 Year ended December 31,2023

Expense on variable lease payments	$ 173,983 $ 189,357
Interest expense on lease liabilities	64,822 73,193
Expense on short-term lease contracts Expense on leases of low-value assets	55,130 57,571 21,669 28,200

F. For the years ended December 31, 2024 and 2023, the Group’s total cash outflow for leases were $950,227 and $1,010,641, respectively.
(10) Investment property

Investment property
		2024
Cost: Land Buildings Accumulated depreciation:	At January1	Additions	Transfer At December 31
	$ 188,247 439,228	$ — —	$ — $ 188,247 (3,890) 435,338
	627,475	—	(3,890) 623,585

Buildings	(211,398)	(27,789)	2,181	(237,006)
	$ 416,077	$ (27,789)	$ (1,709)	$ 386,579

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		2023	2023	2023
Cost: Land Buildings Accumulated depreciation:	At January1	Additions	Transfer At December 31
	$ 188,247 439,228	$ — —	$ — $ 188,247 — 439,228
	627,475	—	— 627,475

Buildings	(183,609)	(27,789)	—	(211,398)
	$ 443,866	$ (27,789)	$ —	$ 416,077

The fair value of the investment property held by the Group as at December 31, 2024 and 2023 was $1,720,364 and $1,751,066, respectively. The amounts mentioned above represent valuation results of comparative method based on market trading information categorized within Level 3 in the fair value hierarchy.

(11) Intangible assets

A. Intangible assets are goodwill, payments for TFT-LCD related technology and royalty. Details of intangible assets are as follows:

Cost: Patents and royalty Goodwill Others			2024
	At January 1 $ 8,230,654 17,117,339 4,460,568 29,808,561 (8,208,741) (4,057,448) (12,266,189)	Additions $ — — 142,144 142,144 (19,003) (128,020) (147,023)	Disposals $ — — (180,987) (180,987) — 180,784 180,784	Transfer, net exchange differences and others At December 31 $ 35,249 $ 8,265,903 — 17,117,339 77,205 4,498,930 112,454 29,882,172 (38) (8,227,782) (14,438) (4,019,122) (14,476) (12,246,904)
Accumulated amortization and impairment:
Patents and royalty
Others

	$ 17,542,372	$ (4,879)	$ (203)	$ 97,978 $ 17,635,268

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Cost: Patents and royalty Goodwill Others			2023
	At January 1 $ 8,229,854 17,117,339 4,677,996 30,025,189 (8,188,585) (4,325,244) (12,513,829) $ 17,511,360	Additions $ — — 103 103 (20,156) (110,196) (130,352) $ (130,249)	Disposals $ — — (374,280) (374,280) — 374,139 374,139 $ (141)	Transfer, net exchange differences and others At December 31 $ 800 $ 8,230,654 — 17,117,339 156,749 4,460,568 157,549 29,808,561 — (8,208,741) 3,853 (4,057,448) 3,853 (12,266,189) $ 161,402 $ 17,542,372
Accumulated amortization and impairment:
Patents and royalty
Others

B. Details of amortization of intangible assets are as follows:

Operating costs Operating expenses	Years ended December 31,
	2024 2023 $ 46,954 $ 42,650 100,249 87,203
	$ 147,203 $ 129,853

C. The Company is primarily engaged in the manufacture of TFT-LCD products, which is a single cash-generating unit. The Group performed impairment analysis for recoverable amount of the goodwill and property, plant and equipment at each reporting date and used the value in use as the basis for calculation of the recoverable amount. The value in use was calculated based on the estimated present value of future cash flows for five years, which was discounted at the discount rate of 9.81% and 9.89% for the years ended December 31, 2024 and 2023, respectively, to reflect the specific risks of the related cash generating units. The future cash flows were estimated based on the future revenue, gross profit, and other operating costs each year.

(12) Non-current assets held for sale

In the third and fourth quarters of 2024, the Company's governance unit and management decided to dispose its property, plant and equipment, and the related assets and liabilities have been reclassified as non-current assets or disposal groups held for sale. The disposal transaction is expected to be completed within one year starting from the date when the assets were reclassified as non-current assets or disposal groups held for sale. As of December 31, 2024, gain on disposal of disposal group held for sale was $13,867,712 (shown as ‘Other gains and losses’), of which uncollected disposal proceeds amounted to $1,714,286 (shown as ‘Other receivables’), which were fully received in February 2025. In addition, the non-current assets held for sale which have not yet been transferred were reclassified from property, plant and equipment and right-of-use assets amounting to 496,504 and $86,348, respectively.

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(13) Short-term borrowings

Type of borrowings	Type of borrowings	December 31,2024	December 31,2024	December 31,2024	December 31,2023 Collateral
Bank borrowings Unsecured borrowings
		$ 3,097,017			$ 170,000 None
Range of interest rates Other payables		1.89%~2.80%			1.78%~1.80%

Other personnel expenses			December 31,2024 December 31,2023
			$	9,119,760 $ 8,372,824
Repairs and maintenance and utilities expense payable				3,967,253 3,604,584
Payable on machinery and equipment				3,752,144 5,167,549
Other payables				10,016,455 11,191,105 26,855,612 $ 28,336,062 December 31,2024 December 31,2023 $ 24,500,000 $ 37,500,000 4,329,989 2,141,760 35,000 25,000 (61,222) (113,698) (7,815,270) (7,575,503) $ 20,988,497 $ 31,977,559 0.50%~4.00% 1.38%~3.80%
L ong-term borrowings Type of borrowings			$

	Period
Syndicated bank borrowings Unsecured borrowings Secured borrowings	2023/3/20 ~2026/3/24
	2021/12/2 ~2030/12/20
	2021/9/22 ~2027/7/2
Less: Administrative expenses charged by syndicated banks Current portion (includes administrative expenses) Range of interest rates

A. Please refer to Note 8 for the information on assets pledged as collateral for long-term borrowings.
B. The syndicated borrowing agreements specified that the Company shall meet covenants on current ratio, liability ratio, interest coverage, and tangible net equity, based on the Company’s annual consolidated financial statements audited by independent auditors. The Company’s financial ratios on the consolidated financial statements for the years ended December 31, 2024 and 2023 are in compliance with the covenants on the syndicated borrowing agreement.
C. For repayment of borrowings from financial institutions and financing mid-term working capital fund, the Board of Directors approved the signing of a syndicated borrowing with financial institution in the amount of $37.5 billion on May 5, 2020. The borrowing has been drawn down in the first quarter of 2023.
D. For repayment of existing financial liabilities, financing mid-term working capital fund and sufficing green expenditures, the Board of Directors approved the signing of a syndicated

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borrowing with financial institution in the amount of $40 billion on July 27, 2023. As of December 31, 2024, the borrowing has yet to be drawn down.

(16) Pensions
A. Defined benefit pension plan
- (a) The Company and its domestic subsidiaries have a defined benefit pension plan in accordance with the Labor Standards Law, covering all regular employees’ service years prior to the enforcement of the Labor Pension Act on July 1, 2005 and service years thereafter of employees who choose to continue to be subject to the pension mechanism under the Law. Under the defined benefit pension plan, two units are accrued for each year of service for the first 15 years and one unit for each additional year thereafter, subject to a maximum of 45 units. Pension benefits are based on the number of units accrued and the average monthly salaries and wages of the last 6 months prior to retirement. The Company and its domestic subsidiaries contribute monthly an amount equal to 2% of the employees’ monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, the Company and its domestic subsidiaries would assess the balance in the aforementioned labor pension reserve account by December 31, every year. If the account balance is insufficient to pay the pension calculated by the aforementioned method to the employees expected to qualify for retirement in the following year, the Company and its domestic subsidiaries will make contributions for the deficit by next March.
- (b) In January 2024, the Science Park, Ministry of Science and Technology has approved the temporary suspension of the Company's contributions to the retirement fund.
- (c) The amounts recognized in the balance sheet are as follows:

	December 31,2024 December 31,2023	December 31,2024 December 31,2023
Present value of defined benefit obligation $ 242,708 $ 242,016 Fair value of plan assets (575,292) (527,070) Net defined benefit asset $ (332,584) $ (285,054) Movements in net defined benefit liabilities (asset) are as follows: Year ended December 31, 2024 Balance at January 1 $ 242,016 $ 527,070 $ (285,054) Current service cost 5,631 — 5,631 Interest expense/income 2,905 6,325 (3,420) 8,536 6,325 2,211 Present value of defined benefit obligation Fair value of plan assets Net defined benefit asset	$ 242,708 $ 242,016
	(575,292) (527,070)
	$ (332,584) $ (285,054)
		follows: $ 527,070 $ (285,054) — 5,631 6,325 (3,420) 6,325 2,211 Fair value of plan assets Net defined benefit asset

Year ended December 31, 2024 Balance at January 1 Current service cost Interest expense/income

(d) Movements in net defined benefit liabilities (asset) are as follows:

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	$ — (9,728) 7,074 (5,190) (7,844) — Present value of defined benefit obligation	$ 47,058 $ (47,058) — (9,728) — 7,074 (5,190) — 41,868 (49,712) 29 (29) Fair value of plan assets Net defined benefit asset
Remeasurements: Return on plan assets (excluding amounts included in interest income or expense) Change in financial assumptions Experience adjustments Paid pension Contribution for the year Balance at December 31
	$ 242,708	$ 575,292 $ (332,584)
	Present value of defined benefit obligation	Fair value of plan assets Net defined benefit asset

Year ended December 31, 2023 Balance at January 1 Current service cost Interest expense/income Remeasurements: Return on plan assets (excluding amounts included in interest income or expense) Change in demographic assumptions Change in financial assumptions Experience adjustments Paid pension Contribution for the year Balance at December 31	$ 239,075 5,388 3,110	$ 516,955 $ (277,880) — 5,388 6,721 (3,611)
	8,498 — 80 2,650 6,111 (14,398) (5,557) — $ 242,016	6,721 1,777 17,769 (17,769) — 80 — 2,650 — 6,111 (14,398) — 3,371 (8,928) 23 (23) $ 527,070 $ (285,054)

(e) The Bank of Taiwan was commissioned to manage the Fund of the Company’s and domestic subsidiaries’ defined benefit pension plan in accordance with the Fund’s annual investment and utilization plan and the “Regulations for Revenues, Expenditures, Safeguard and Utilization of the Labor Retirement Fund” (Article 6: The scope of utilization for the Fund includes deposit in domestic or foreign financial institutions, investment in domestic or foreign listed, over-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitization products, etc.). With regard to the utilization of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. If the earnings is less than aforementioned rates, government shall make payment for the deficit

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after being authorized by the Regulator. The Company and domestic subsidiaries have no right to participate in managing and operating that fund and hence the Company and domestic subsidiaries are unable to disclose the classification of plan assets fair value in accordance with IAS 19 paragraph 142. The composition of fair value of plan assets as of December 31, 2024 and 2023 is given in the Annual Labor Retirement Fund Utilization Report announced by the government.

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

Discount rate Future salary increases	Years ended December 31,
	2024 2023 1.60%~1.75% 1.20%~1.50% 2.40%~3.50% 2.40%~3.50%

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

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

December 31, 2024 Effect on present value of defined benefit obligation December 31, 2023 Effect on present value of defined benefit obligation	Discount rate Increase 0.25% Decrease 0.25%	Discount rate Increase 0.25% Decrease 0.25%	Future salaryincreases Increase 0.25% Decrease 0.25% $ 5,362 $ (5,198) Future salaryincreases Increase 0.25% Decrease 0.25% $ 5,876 $ (5,694)
	Increase 0.25%
	$ (5,808)	$ 6,029
	Discount rate Increase 0.25% Decrease 0.25%
	Increase 0.25%
	$ (6,328)	$ 6,575

The sensitivity analysis above is based on one assumption which changed while the other conditions remain unchanged. In practice, more than one assumption may change all at once. The method of analysing sensitivity and the method of calculating net pension liability in the balance sheet are the same. The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the previous period.

(g) As of December 31, 2024, the weighted average duration of the retirement plan is 11~27.5 years.
B. Defined contribution pension plan

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

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  - (b) The Company’s foreign subsidiaries have provided the pension in accordance with statutory laws and regulations.

  - (c) The pension costs under the defined contribution pension plans of the Group for the years ended December 31, 2024 and 2023 were $1,867,512 and $1,914,360, respectively.

(17) Share-based payment
A. For the years ended December 31, 2024 and 2023, the share-based payment arrangements of the Group were as follows:

Type of arrangement	Grant date	Quantity granted (in thousand units)	Contract period (inyears) Vesting conditions
Employee stock options Capital increase for employee stock options Restricted employee stock options Treasury stock transferred to employees Restricted employee stock options Restricted employee stock options	2020/07/07	3,414	6 Note 1
	2023/03/23 2023/03/24	540 6,844	—
			10
	2023/10/26	40,418
	2024/01/26 2024/07/25	151 60	10
			10

As of December 31, 2024, the treasury stock transferred to employees had expired and 2,058 thousand shares became invalid.

Note 1: The employees’ stock options of the subsidiary, InnoCare Company, can be exercised based on the issue date. The employee stock options are vested after 2, 3 and 4 years of service at the rate to 30%, 30% and 40%, respectively. Stock options that were not exercised before the expiry date will be permanently forfeited.
Note 2: Relative to the capital increase for employee stock options of the subsidiary, InnoCare Company, the board of directors of InnoCare Company during its meeting on December 28, 2022 resolved to increase capital totaling 3,600 thousand shares, and retained 540 thousand shares as employees’ stock options.
Note 3:The restricted stocks of the subsidiary, CarUX Holding Limited (“CarUX Company”), shall be exercised based on the issue date under the following two plans: (a) the restricted stocks are 100% vested after 4 years of service and can be exercised based on the specified non-marketing price of issuance, if the specific non-market conditions are met within four years, 50% of the restricted employee rights shares will be vested, and the remaining 50% will be vested after four years of service; and (b) the restricted stocks are vested after 1 to 4 years of service at the rate to 25%, 25%, 25% and 25%, respectively and can be exercised based on specified non-marketing price of issuance.
B. Details of the share-based payment arrangements are as follows:
Restricted stock award－CarUX Company
- As of December 31, 2024, the details of the restricted stock award of CarUX Company are as follows:

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The board of directors of CarUX Company during its meeting on March 6, 2023 resolved the issuance of restricted stock award, whereby the beneficiaries include the employees of CarUX Company and its subsidiary and related individuals who provide similar services. The grant dates of the restricted stocks of CarUX Company were July 25, 2024, January 26, 2024 and March 24, 2023, and the issue prices were USD 0.7, USD 0.5 and USD 0.5 dollars per share, respectively, and the fair values of the restricted stock were USD 6.949, USD 4.16 and USD 1.21 dollars per share on the grant date, respectively. In the third and first quarter of 2024, a total of 60 thousand and 151 thousand restricted stock award shares had expired, and subsequently, CarUX Company granted the same number of restricted stock award shares to related individuals. As of December 31, 2024, CarUX Company has issued 6,844 thousand restricted shares, at a par value of USD 0.001 dollars, for a total amount of USD 7,000. The limited right of the beneficiaries to allocate or acquisition before vesting conditions are as follows:

(1)The restrictions before vesting conditions are met:

(a) Before vesting conditions are met, the restricted stocks allocated to the employees shall be in custody by the trust institution which was designated by CarUX Company, and the employees need to sign the related documents and follow the procedures.
(b) Except for the restrictions under the custody agreement as described in the preceding paragraph, the employees are not allowed to sell, mortgage, transfer, donate, pledge, or otherwise dispose the restricted stocks before the vesting conditions are met..
(c) The employees shall immediately deliver the restricted stocks to the trust institution after the restricted stocks are issued, and the employees may not request the trustee to return the restricted stocks before the vesting conditions are met.
(d) The trust institution shall exercise the voting rights in respect of any restricted shares held under the trust constituted by the trust deed as directed by the management of the Company.
(2)The vested conditions for the aforementioned plan are as follows:
After employees are allocated the restricted stocks, they still need to be employed by CarUX Company and its subsidiaries at the expiration of the vesting period. Once they meet the non-market vesting conditions set by CarUX Company and its subsidiaries, and have not violated the labor contract, work conditions or contractual agreements with CarUX Company and its subsidiaries, the number of shares will be allocated annually or in a certain proportion.

CarUX Company and its subsidiaries use the income method to estimate the fair value of the restricted stocks granted. The reference factors are summarized as follows:

Type of arrangement	Grant date	Discount rate	Discount for turnover	Discount for control right
Restricted stock award	2024.07.25	Not applicable (Note A)	Not applicable (Note A)	Not applicable (Note A)
Restricted stock award Restricted stock award	2024.01.26 2023.03.24	13.9% 13.7%	7.2% 12%	20% 20%

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CarUX Company and its subsidiaries consider both service conditions and non-market vesting conditions when the restricted stocks are issued. CarUX company and its subsidiaries also take into account the probability as to whether the non-market vesting conditions will be achieved. On the grant date and as of December 31, 2024 and 2023, no related expense and other equity - unearned remuneration was recognized. Note A: Using the last fundraising price in an inactive market.

－
1. Employee stock options InnoCare Company

Employee stock optio	ns－InnoCare Company	ns－InnoCare Company
	2024 Quantity (in thousand units) Weighted- average exercise price (in dollars)		2023
	Quantity (in thousand units)		Quantity (in thousand units) Weighted- average exercise price (in dollars)
Options outstanding at the beginning of the year Options exercised Options outstanding at the end of the year Options exercisable at the end of the year	1,763 (1,269) 494	$ 14.50 14.28 14.28	2,614 $ 14.50 (851) 14.50 1,763 14.50
	494	14.28	397 14.50

C. The expiry date and exercise price of stock options outstanding at the balance sheet date are as follows:

follows:
Issue date approved 2020.07.07	Expirydate 2026.07.06	December 31,2024
		Quantity (in thousand units) Exercise price (in dollars) 494 $ 14.28
Issue date approved	Expirydate
		December 31,2023
		Quantity (in thousand units) Exercise price (in dollars)
2020.07.07	2026.07.06	1,763 $ 14.50

D. The fair value of stock options granted is measured using the Black-Scholes option-pricing model. Relevant information is as follows:

formation	is as follows:
Price (in dollars)	Exercise price (in dollars)	Expected volatility (%)	Expected duration (inyears)	Risk-free interest rate(%)
23.61	22.50	35.59~ 37.23	4~5	0.34~ 0.37
99.69	70	33.09	5 days	0.98

E. The information on fair value of treasury stock transferred to the employees is as follows:

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Type of arrangement	Grant Date	Price (in dollars)	Exercise Price (in dollars) Fair value per unit (in dollars)	Exercise Price (in dollars) Fair value per unit (in dollars)
Treasury stock transferred to employees	2023.10.26	$11.80	$6.51	$5.29

F. For the years ended December 31, 2024 and 2023, the Group recognized expenses on sharebased payment transaction (equity settlement) amounting to $1,437 and $233,954, respectively.

(18) Provisions-current

Warranty	Litigation and others	Total
$ 1,694,169	$ 1,678,598	$ 3,372,767
679,839 (950,105)	466,280 1,146,119 — (950,105)
496	— 496
$ 1,424,399	$ 2,144,878	$ 3,569,277

A. Warranty

The Group provides warranty on TFT-LCD panel products sold. Provision for warranty is estimated based on historical warranty data of TFT-LCD panel products.

B. Litigation and others

Litigation and other provisions for the Group are related to patents of TFT-LCD panel products.

For information on estimation of provisions, please refer to Note 9(1).

(19) Share capital

A. As of December 31, 2024, the Company’s authorized and outstanding capital were $120,000,000 and $79,891,974, with a par value of $10 (in dollars) per share, respectively. All proceeds from shares issued have been collected.

Movements in the number of the Company’s ordinary shares outstanding are as follows:

At January 1 Cash capital reduction Treasury stock transferred to employees At December 31	2024 2023
	Number of ordinary shares(in thousand units) Number of ordinary shares(in thousand units)
	9,074,006 9,511,206
	(1,088,881) (475,560)
	— 38,360 7,985,125 9,074,006

B. Capital reduction

To adjust the capital structure, the stockholders of the Company during their meeting on May 31, 2024 resolved to implement a capital reduction and return capital in cash to stockholders. The registration of the capital reduction was approved by the Taiwan Stock Exchange in accordance with the Letter No.Tai-Zheng-Shang-Yi-Zi-1131803110, dated July 8, 2024. The capital reduction amounted to $10,894,360 for a total of 1,089,436 thousand shares, and the ratio of capital reduction was 12%. The effective date of the capital reduction was July 10,

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The change of registration was completed on July 18, 2024. The effective date of the replacement of shares due to the capital reduction was August 23, 2024.

To adjust the capital structure, the stockholders of the Company during their meeting on May 31, 2023 resolved to implement a capital reduction and return capital in cash to stockholders. The registration of the capital reduction was approved by the Taiwan Stock Exchange in accordance with the Letter No.Tai-Zheng-Shang-Yi-Zi-1121803192, dated July 10, 2023. The capital reduction amounted to $4,778,228 for a total of 477,823 thousand shares, and the ratio of capital reduction was 5%. The effective date of the capital reduction was July 12, 2023. The change of registration was completed on July 20, 2023. The effective date of the replacement of shares due to the capital reduction was August 25, 2023.

C. Treasury shares
(a) Reason for share reacquisition and movements in the number of the Company’s treasury shares are as follows:

	2024		2023 Number of ordinary shares (in thousands) Book value 45,250 $ 602,916 (38,360) (517,824) (2,263) (22,625) 4,627 $ 62,467
	Number of ordinary shares (in thousands)	Book value
At January 1 Treasury stock transferred to employees Cash capital reduction At December 31	4,627 — (555)	$ 62,467 — (5,553)	45,250 $ 602,916 (38,360) (517,824) (2,263) (22,625)
	4,072	$ 56,914	4,627 $ 62,467

The Company acquired a total of 50,000 thousand treasury shares at $650,416 to be reissued to the employees in the second quarter of 2022. After the cash capital reduction declaration became effective and the change registration was completed in the third quarter of 2024, 2023 and 2022, the Company eliminated 555 thousand shares, 2,263 thousand shares and 4,750 thousand shares and reduced cost of treasury shares by $5,553, $22,625 and $47,500, respectively. In the fourth quarter of 2023, treasury stocks transferred to employees of the Company and subsidiaries were 40,418 thousand shares, of which 38,360 thousand shares were executed, and cost of employees’ compensation and transferred amount were $213,811 and $248,975, respectively. The aforementioned amount is lower than the carrying amount of treasury stock. Thus, the differences were offset as share capital generated from treasury stock transactions.

(b) Pursuant to the R.O.C. Securities and Exchange Act, the number of shares bought back as treasury share should not exceed 10% of the number of the Company’s issued and outstanding shares and the amount bought back should not exceed the sum of retained earnings, paid-in capital in excess of par value and realized capital surplus.
(c) Pursuant to the R.O.C. Securities and Exchange Act, treasury shares should not be pledged as collateral and shareholder's rights should not be enjoyed before it is reissued.

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  - (d) Pursuant to the R.O.C. Securities and Exchange Act, treasury shares should be reissued to the employees within five years from the reacquisition date and shares not reissued within the five-year period are to be cancelled.

(20) Capital surplus
Pursuant to the R.O.C. Company Act, capital surplus arising from paid-in capital in excess of par value on issuance of common stocks and donations can be used to cover accumulated deficit or to issue new stocks or cash to shareholders in proportion to their share ownership, provided that the Company has no accumulated deficit. Further, the R.O.C. Securities and Exchange Act requires that the amount of capital surplus to be capitalized mentioned above should not exceed 10% of the paid-in capital each year. Accumulated deficit shall first be covered by retained earnings before the capital reserve can be used to cover the accumulated deficit.

At January 1 Recognition of changes in ownership interests in subsidiaries Recognition of change in equity of associates in proportion to the Group's ownership Difference between consideration and carrying amount of subsidiaries disposed Others At December 31						2024	2024	2024	2024
		Share premium		Treasury share transactions		Changes in ownership interests in subsidiaries		Share of profit (loss) of associates accounted for under equitymethod		Difference between proceeds on acquisition or disposal of equity interest in a subsidiary and its carrying amount Total
		$ 100,054,920		$ 3,117,490		$ 172,563		$ 48,080		$ 75,605 $ 103,468,658
		— — — 33,128		— —		2,129,720 —		— 57,714		—		2,129,720
										—		57,714
				—		—		—		230,490		230,490
				—		—		—		—		33,128
		$ 100,088,048		$ 3,117,490		$ 2,302,283		$ 105,794		$ 306,095 $ 105,919,710

						2023
At January 1		Sharepremium		Treasury share transactions		Changes in ownership interests in subsidiaries	Share of profit (loss) of associates accounted for under equity method
	$ 100,006,693		$ 3,183,414		$ 16,653		$ 41,524
Recognition of changes in ownership interests in subsidiaries Recognition of change in equity of associates in proportion to the Group's ownership Treasury shares transferred to employees	— — 10,886 — 37,341		— — (65,924) — —		155,910 — — — —		— 6,556 — — —		— — — 11,475 —		155,910 6,556 (55,038) 11,475 37,341
Difference between consideration and carrying amount of subsidiaries disposed
Others
At December 31	$ 100,054,920		$ 3,117,490		$ 172,563		$ 48,080		$ 75,605		$ 103,468,658

(21) Retained earnings

A. Under the Company’s Articles of Incorporation, the current year’s earnings, if any, shall first be offset against prior years’ operating losses, then set aside 10% of the remaining amount as

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legal reserve (until the legal reserve equals the paid-in capital). Preferred dividend shall be distributed after setting aside or reversing a special reserve according to related regulations. The appropriation of the remaining amount along with the unappropriated earnings from previous years shall be proposed by the Board of Directors and resolved by the shareholders. The net decrease in other equity accumulated in prior periods should be appropriated from prior period's undistributed earnings to a special reserve of the same amount, and if there is a deficiency, the same amount should be appropriated from the post-tax profit for the year plus the amount of items other than post-tax profit for the year, and the amount was included in the unappropriated earnings for the year.

Depending on the Company's future long-term financial planning, investment environment, industry competition, capital expenditure budget, capital requirements and protection of shareholders' rights, dividends should account for at less 20% of the distributable earnings for the year. However, as the distributable earnings is lower than 2% of the paid-in capital, the Company may choose not to distribute dividends and transferred dividends to the retained earnings. Earnings shall be preferably distributed using cash dividends and may also be distributed using stock dividends. The ratio for cash dividends shall not be less than 50% of the total amount of dividends distributed. The aforementioned dividend distribution rate may be

B. Except for covering accumulated deficit or issuing new stocks or cash to shareholders in proportion to their share ownership, the legal reserve shall not be used for any other purpose. The use of legal reserve for the issuance of stocks or cash to shareholders in proportion to their share ownership is permitted, provided that the balance of the reserve exceeds 25% of the Company’s paid-in capital.
C. The appropriations of 2024 earnings as proposed by the Board of Directors in March 2025 and the 2023 deficit compensation as approved and resolved by the shareholders at their meeting in May 2024 are as follows:

	Years ended	Years ended	December 31,	December 31,
	2024		2023
	Amount	Dividends per share(in dollars)	Amount Dividends per share(in dollars)
Legal reserve (Reversal of) provision for special reserve Cash dividends	$ 829,421		$ —
	(3,790,021)		1,633,547
	5,988,844	$ 0.75	—	$ —
	$ 3,028,244		$ 1,633,547

Further, the Board of Directors during its meeting in March 2025 resolved to distribute cash dividends amounting to $1,996,281 at $0.25 (in dollars) per share from capital surplus.

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(22) Other equity items

(22)O ther equity items	(22)O ther equity items
2024 Currency translation Financial assets at fair value through other comprehensive income Total At January 1 $ (9,809,347) $ 2,610,648 $ (7,198,699) Revaluation - gross — 842,095 842,095 Disposal of investments in equity instruments measured at fair value through other comprehensive income — (1,781,628) (1,781,628) Currency translation differences 4,595,982 — 4,595,982 Share of other comprehensive income of associates 7,578 — 7,578 Effect of income tax — 125,994 125,994 At December 31 $ (5,205,787) $ 1,797,109 $ (3,408,678) 2023 Currency translation Financial assets at fair value through other comprehensive income Total At January 1 $ (8,173,822) $ 2,608,670 $ (5,565,152) Revaluation - gross — 16,781 16,781 Currency translation differences (1,603,247) — (1,603,247) Share of other comprehensive income of associates (32,278) — (32,278) Effect of income tax — (14,803) (14,803) At December 31 $ (9,809,347) $ 2,610,648 $ (7,198,699) (23)Operating income Years ended December 31, 2024 2023 TFT-LCD products $ 216,509,919 $ 211,740,557 The Group derives revenue from the transfer of goods at a point in time. (24)Interest income Years ended December 31, 2024 2023 Interest income from bank deposits $ 1,522,507 $ 1,660,835 Interest income from financial assets at amortized cost 829,626 846,726 $ 2,352,133 $ 2,507,561				2024
		Currency translation $ (9,809,347) — — 4,595,982 7,578 — $ (5,205,787)
		Currency translation $ (8,173,822) — (1,603,247) (32,278) — $ (9,809,347)
	Operating income


	TFT-LCD products		$

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(25) Other income

Other income
Service revenue Grant revenue Rental revenue	Years ended December 31,
	2024 2023
	$ 382,611 $ 655,740 279,350 334,125
	181,957 139,958
Dividend income	158,633 190,326
Compensation income Other income	69,410 119,279 1,724,208 749,612
	$ 2,796,169 $ 2,189,040

(26) Other gains and losses

Compensation income Other income O ther gains and losses	Compensation income Other income O ther gains and losses	$	69,410 119,279 1,724,208 749,612 2,796,169 $ 2,189,040
			Years ended December 31, 2024 2023 13,867,712 $ — (1,702,869) (113,895) 1,658,644 1,230,193 (1,138,153) (1,448,463) 725,925 60 9,057 — (1,313,578) (347,880) 12,106,738 $ (679,985) Years ended December 31, 2024 2023 1,074,511 $ 1,631,442 64,951 73,283 1,139,462 $ 1,704,725

Gain on disposal of non-current assets held for sale Loss on disposal of property, plant and equipment Net currency exchange gain Net loss on financial assets and liabilities at fair value through profit or loss Gain on disposal of intangible assets Gain on disposal of investments		$




Other losses
		$
	Finance costs


Interest expense: Bank borrowings Others Expenses by nature
		$

		$

			Years ended December 31,
			2024 2023
	Employee benefit expense: Salaries and other short-term employee benefits
			$ 36,136,923 $ 35,677,128
	Post-employment benefits		1,869,723 1,916,137
	Share-based payments Depreciation Amortization		1,437 233,954 31,002,731 30,643,516 147,203 129,853
			$ 69,158,017 $ 68,600,588

(27) Finance costs

(28) Expenses by nature

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(29) Employees’ compensation and directors’ remuneration

A. According to the Articles of Incorporation of the Company, a ratio of profit of the current year distributable, after covering accumulated losses, shall be distributed as employees' compensation and directors’ remuneration. The ratio shall not be lower than 5% for employees’ compensation and shall not be higher than 0.1% for directors’ remuneration.
B. For the years ended December 31, 2024 and 2023, employees’ compensation was accrued at $446,283 and $0, respectively; while directors’ remuneration was accrued at $6,866 and $0, respectively. The aforementioned amounts were recognized in expenses.
The expenses recognized for 2024 were accrued based on the earnings of current year. The employees’ compensation and directors’ remuneration were $446,283 and $6,866, respectively, and would be distributed in the form of cash as resolved by the Board of Directors on March 13, 2025. The accrued amounts were in agreement with the amount of recorded expense for the year ended December 31, 2024.
For the year ended December 31, 2023, the Company incurred net loss. Thus, there was no distribution of employees' compensation and directors’ remuneration as resolved by the Board of Directors on February 22, 2024.
Information about employees’ compensation and directors’ remuneration of the Company as resolved by the Board of Directors will be posted in the “Market Observation Post System” at the website of the Taiwan Stock Exchange.

(30) Income tax

A. Income tax expense

(a)Components of income tax expense:

website of the Taiwan Stock Exchange. e tax ome tax expense Components of income tax expense:
	Years ended December 31,
	2024 2023
Current tax: Current tax on profit for the year	$ 1,872,083 $ 1,475,339
Tax on undistributed surplus earnings	3,417 3,861
Prior year income tax overestimation Total current tax Deferred tax: Origination and reversal of temporary differences	(146,562) (97,105) 1,728,938 1,382,095
	$ (227,806) $ 853,504
Income tax expense	$ 1,501,132 $ 2,235,599

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

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	Years ended December 31,
	2024 2023
Changes in fair value of financial assets at fair value through other comprehensive income	$ (125,994) $ 14,803
Remeasurements of defined benefit obligations	9,943 1,786
	$ (116,051) $ 16,589

B. Reconciliation between income tax expense and accounting profit:

	Years ended December 31,
	2024 2023
Tax calculated based on profit before tax and statutory tax rate Effects from items disallowed by tax regulation Prior year income tax overestimation Separate taxation Tax on undistributed surplus earnings Change in assessment of realization of deferred tax assets Tax expense	$ 2,268,506 $ (2,071,412)
	(565,068) (1,357,708) (146,562) (97,105) 502,441 15,354
	3,417 3,861
	(561,602) 5,742,609
	$ 1,501,132 $ 2,235,599

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

carryforward are as follows:
		2024
Deferred tax assets: -Temporary differences: Sales returns and discount provisions Accrued royalties and warranty provisions Unrealized exchange loss Unrealized loss on financial instruments Others -Deferred tax liabilities:	January 1	Recognized in profit or loss	Recognized in other comprehensive income December 31

	$ 371,195	$ 403,113	$ —	$ 774,308
	1,195,787 45,189	(277,871) 92,109	— 917,916 — 137,298
	517,342 716,422	49,540 126,479	— 566,882 (35) 842,866
	$ 2,845,935	$ 393,370	$ (35)$ 3,239,270

Unrealized exchange gain	$ (2,118)	$ 70	$ — $ (2,048)
Unrealized gain on financial instruments	(343,046)	(21,732)	125,994 (238,784)
Amortization charges on goodwill	(1,336,485) (57,110)	(96,905) (46,997)	— (1,433,390) (9,908) (114,015)
Others
	$(1,738,759)	$ (165,564)	$ 116,086 $ (1,788,237)
	$ 1,107,176	$ 227,806	$ 116,051 $ 1,451,033

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Deferred tax assets: -Temporary differences: Sales returns and discount provisions Accrued royalties and warranty provisions Unrealized exchange loss Unrealized loss on financial instruments Others - Deferred tax liabilities:		2023	2023
	January 1	Recognized in profit or loss	Recognized in other comprehensive income December 31
	$ 549,598 1,734,931 71,528 517,342 673,961	$ (178,403) (539,144) (26,339) — 42,400	$ — $ 371,195 — 1,195,787 — 45,189 — 517,342 61 716,422
	$ 3,547,360	$ (701,486)	$ 61 $ 2,845,935

Unrealized exchange gain	$ (1,770)	$ (348)	$ — $ (2,118)
Unrealized gain on financial instruments	(273,137)	(55,106)	(14,803) (343,046)
Amortization charges on goodwill Others	(1,239,579) (55,605)	(96,906) 342	— (1,336,485) (1,847) (57,110)
	$(1,570,091)	$ (152,018)	$ (16,650)$ (1,738,759)
	$ 1,977,269	$ (853,504)	$ (16,589) $ 1,107,176

D. Expiration dates of unused loss carryforward and amounts of unrecognized deferred tax assets are as follows:

are as follows:
	December 31,2024
Year incurred 2019 2022 2023	Amount filed / assessed	Unused amount	Unrecognized deferred tax assets Usable untilyear
	$ 21,135,051	$ 12,722,712	$ 12,722,712 2029
	33,377,280 27,142,456	33,377,280 27,142,456	33,377,280 2032
			27,142,456 2033
	$ 81,654,787	$ 73,242,448	$ 73,242,448

	December 31,2023
Year incurred	Amount filed / assessed	Unused amount	Unrecognized deferred tax assets Usable untilyear
2016 2019	$ 1,051,680	$ 1,051,680	$ 1,051,680 2026
	21,206,403 33,476,537	21,206,403 33,476,537	21,206,403 2029
2022			33,476,537 2032
2023	27,410,458	27,410,458	27,410,458 2033
	$ 83,145,078	$ 83,145,078	$ 83,145,078

E. The amounts of deductible temporary differences that were not recognized as deferred tax assets are as follows:

assets are as follows:
	December 31,2024 December 31,2023 $ 1,466,876 $ 1,481,950
Deductible temporary differences

F. The Company has not recognized taxable temporary differences associated with investment in subsidiaries as deferred tax liabilities. As of December 31, 2024 and 2023, the amounts of

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temporary differences unrecognized as deferred tax liabilities were $54,095,266 and $43,162,832, respectively.
G. The Company’s income tax returns through 2022 have been assessed and approved by the Tax Authority.
H. The Company and subsidiaries’ exposure to Pillar Two income taxes arising from the Pillar Two legislation is as follows:

The Company and subsidiaries are within the scope of Pillar Two model rules published by the Organisation for Economic Co-operation and Development (OECD). Pillar Two legislation was enacted in some countries where certain subsidiaries were incorporated, such as Netherlands, Germany and Japan, etc., and became effective from 2024. In addition, there are some subsidiaries incorporated in Singapore and Hong Kong where the Pillar Two legislation was substantially enacted by the Singapore and Hong Kong governments and will come into effect from 2025. The Company and subsidiaries have no related current tax exposure as of December 31, 2024.

Under the Pillar Two legislation, the Company and subsidiaries are liable to pay a top-up tax for the difference between its GloBE effective tax rate per jurisdiction and the 15% minimum rate. The Company and subsidiaries are in the process of assessing its exposure to the Pillar Two legislation for when it comes into effect. Due to the complexities in the Pillar Two legislation, for subsidiaries within the jurisdictions of Singapore and Hong Kong, the average effective tax rate based on accounting profit is over 15% for the year ended December 31, 2024. After assessing the impact of specific adjustments envisaged in the Pillar Two legislation which give rise to different effective tax rates compared to those calculated in accordance with IAS 12, the quantitative impact of the enacted or substantively enacted legislation is not yet reliably estimable. The Company and subsidiaries are currently engaged with tax specialists to assist it with applying the legislation.

The Company and subsidiaries has applied the amendment to IAS 12, 'Income taxes' issued on May 23, 2023. Accordingly, the Company and subsidiaries has applied the exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes.

(31) Earning (loss) per share

Two income taxes. Earning (loss) per share
	YearendedDecember31,2024
Basic earnings per share Profit attributable to ordinary shareholders of the parent Diluted earnings per share Profit attributable to ordinary shareholders of the parent -Employees’compensation Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares	Amount after tax	Weighted average number of ordinary shares outstanding (shares in thousands) Earnings per share (in dollars)
	$ 6,472,883	8,553,366 $ 0.76
	$ 6,472,883 —	8,553,366 31,100 8,584,466 $ 0.75
	$ 6,472,883

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YearendedDecember31,2023 Amount after tax Weighted average number of ordinary shares outstanding (shares in thousands) Loss per share (in dollars) Basic and diluted loss per share Loss attributable to ordinary shareholders of the parent $ (18,642,539) 9,291,353 $ (2.01) (32)Supplemental cash flow information A. Investing activities with partial cash payments: Years ended December 31, 2024 2023 Purchase of property, plant and equipment $ 14,639,698 $ 21,760,061 Add: Opening balance of payable on equipment 5,167,549 4,759,328 Less: Ending balance of payable on equipment (3,752,144) (5,167,549) Cash paid during the period $ 16,055,103 $ 21,351,840 RELATED PARTY TRANSACTIONS (1) Names and relationship of related parties Hon Hai Precision Industry Co., Ltd. and its subsidiaries Other related party Perfect Intelligent Technology Limited Other related party Perfect Display Limited Other related party KA Imaging Inc. Other related party VISIONATICS INC. (Note 1) Other related party best Epitaxy Manufacturing Company Ltd. Other related party PanelSemi Corporation and its subsidiaries Associate FI Medical Device Manufacturing Co., Ltd. Associate InnVasLinx Inc. Associate eLux Inc. Associate InnVasLinx Inc. Associate Names of relatedparties Relationshipwith the Group		YearendedDecember31,2023	YearendedDecember31,2023	YearendedDecember31,2023
		Amount after tax	Weighted average number of ordinary shares outstanding (shares in thousands) Loss per share (in dollars)
	Basic and diluted loss per share Loss attributable to ordinary shareholders of the parent
		$ (18,642,539)	9,291,353	$ (2.01)

			Years ended December 31,
			2024 2023
			$ 14,639,698 $ 21,760,061
			5,167,549 4,759,328 (3,752,144) (5,167,549)
			$ 16,055,103 $ 21,351,840
(1)

(Note 1) In June 2024, the Company is listed as a non-related party.

(2) Significant related party transactions

A. Operating revenue

ux Inc. nVasLinx Inc. ote 1) In June 2024, the Company is listed as a nificant related party transactions Operating revenue	Associate Associate non-related party.
	Years ended December 31,
	2024 2023
Sales of goods: Other related parties Associates
	$ 4,621,968 $ 1,572,073 179,962 387,360
	$ 4,801,930 $ 1,959,433

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The collection period was mainly 30~90 days upon shipment or on a monthly-closing basis to related parties. The sales prices and the trading terms to related parties above were not significantly different from those of sales to third parties.

B. Purchases of goods

Purchases of goods
	Years ended December 31,
	2024 2023
Purchases of goods: Other related parties Associates
	$ 3,190,664 $ 4,029,521
	55,551 141,123
	$ 3,246,215 $ 4,170,644

The payment term was 30~120 days to related parties after transaction date, and 30~180 days to non-related parties after delivery or on a monthly-closing basis. The purchase prices and the payment terms from related parties above were not materially different from those of purchases from third parties.

C. Receivables from related parties

from third parties. Receivables from related parties
	December 31,2024 December 31,2023
Accounts receivable: Other related parties Associates
	$ 2,796,525 $ 351,153
	19,808 79,708
	$ 2,816,333 $ 430,861

The receivables from related parties arise mainly from sales transactions. The receivables are due 30~90 days after the date of sale. The receivables are unsecured in nature and bear no interest. D. Payables to related parties

Payables to related parties
	December 31,2024 December 31,2023
Accounts payable: Other related parties Associates
	$ 1,054,224 $ 1,139,994
	52,483 65,009
	$ 1,106,707 $ 1,205,003

The payables to related parties arise mainly from purchase transactions and are due 30~120 days after the date of purchase. The payables bear no interest.

E. Property transactions

Purchase of property

(a) Acquisition of property, plant and equipment and intangible assets:

	Years ended December 31,
	2024 2023
Associates Other related parties	$ 155,892 $ 20,080
	7,257 3,491
	$ 163,149 $ 23,571

(b) Period-end balances arising from purchases of property (shown as ‘Other payables’):

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Associates	December 31,2024 December 31,2023
	$ 2,282 $ 1,059

Sale of property

(a) Proceeds from sale of property and gain on disposal:

	Associates $ 2,282 $ 1,059 Sale of property (a) Proceeds from sale of property and gain on disposal:	$ roperty and gain on disposal:	$ roperty and gain on disposal:	$ roperty and gain on disposal:	2,282 $ 1,059
(3)	Year ended December 31,2024 Year ended December 31,2023 Disposal proceeds Gain (loss) on disposal Disposal proceeds Gain (loss) on disposal Other related parties $ 200 $ 200 $ — $ — Key management compensation Years ended December 31, 2024 2023 Salaries and other short-term employee benefits $ 345,970 $ 140,400 Post-employment benefits 1,463 1,471 Share-based payments 121 24,325 $ 347,554 $ 166,196	Year ended December 31,2024 Disposal proceeds Gain (loss) on disposal			Year ended December 31,2023
		Disposal proceeds			Disposal proceeds Gain (loss) on disposal
		$ 200	$	200	$ — $ —


	Salaries and other short-term employee benefits
	Post-employment benefits
	Share-based payments

8. PLEDGED ASSETS

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

Pledged asset	Book value December 31, 2024 December 31, 2023 Purpose	Book value December 31, 2024 December 31, 2023 Purpose
	December 31, 2024
Property, plant and equipment Other non-current assets - others -Time deposits	$ 53,155,642	$ 52,079,922 Long-term borrowings 18,090 Tariff guarantee and performance bond $ 52,098,012

	2,470
	$ 53,158,112

SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED CONTRACT COMMITMENTS

－ (1) Contingencies Significant Litigations

A. Bishop Display Tech LLC (Bishop) filed a lawsuit against the Company with the United States District Court for the Eastern District of Texas on October 3, 2022, alleging infringement of its US patent. The Company received the service of a complaint on October 28, 2022 and subsequently filed an answer to the complaint on January 26, 2023. The two parties have reached a settlement in September 2023. As the patent litigation against the Company had been revoked on October 18, 2023, it has no impact on the Company’s operations and financial position.
B. Polaris PowerLED Technologies, LLC (Polaris) filed a lawsuit against the Company and the Company’s American subsidiary with the United States District Court for the Central District of California on May 8, 2023, alleging infringement of its US patent. The Company received the service of a complaint on May 22, 2023 and subsequently filed an answer to the complaint on

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July 24, 2023. Currently, the lawsuit has no impact on the Company’s operations and financial position.

C. Phenix Longhorn, LLC (Phenix) filed a lawsuit against the Company with the United States District Court for the Eastern District of Texas on October 10, 2023, alleging that our company infringed on its U.S. patent. On June 7, 2024, the Company decided not to contest the service of process, and the lawsuit has entered the substantive litigation process. Currently, the lawsuit has no impact on the Company’s operations and financial position.
D. The Company had assessed and recognized related losses and liabilities as shown in ‘provisionscurrent’ for the aforementioned investigation relating to patent litigation.

(2) Commitments

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

December 31, 2024 December 31, 2023 Property, plant and equipment $ 12,865,267 $ 16,858,243

B. Outstanding letters of credit

The outstanding letters of credit for the acquisition of property, plant and equipment are as follows:

December 31, 2024 December 31, 2023 Outstanding letters of credit $ 354,388 $ 38,636

C. On August 3, 2021, the Board of Directors of the Company resolved to enter into a long-term strategic partnership supply contract with SDP Global (China) Co., Ltd. The total price of the contract amounted to RMB 4 billion and will be prepaid based on agreed payment terms. As of December 31, 2024, the outstanding balance not yet paid was RMB 1.1 billion. SDP Global (China) Co., Ltd. committed to supply certain products in specified quantities each year from January 1, 2022 to December 31, 2033 to the Company and its subsidiary, Foshan Innolux Optoelectronics Ltd. The abovementioned prepayments to suppliers of the Group are shown as ‘prepayments’ and ‘other non-current assets’ based on liquidity amounting to $2,889,668 and $9,576,826, respectively, as of December 31, 2024, and $0 and $11,917,004, respectively, as of December 31, 2023.
D. Based on long-term business development considerations in India and emerging markets, the Company signed a TFT-LCD technology transfer contract with Vedanta Displays Limited, a subsidiary of the Vedanta Group, in the first quarter of 2023 to assist it in establishing a TFTLCD display panel front and rear production base in India. The Company will provide relevant assistance in accordance with the contract.
E. On October 31, 2024, Nanjing Innolux Optoelectronics Ltd., a subsidiary of the Company, signed a contract with Nanjing Jiangning Economic & Technological Development Zone Administrative Committee to sell the plants and ancillary facilities. The total transaction price amounted to RMB 0.45 billion, and the assets related to the plants and ancillary facilities have been reclassified as non-current assets held for sale. Refer to Note 6(12).

10. SIGNIFICANT DISASTER LOSS

None.

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11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

Except for those disclosed in some notes of the consolidated financial statements, there are no significant subsequent events.

12. OTHERS

(1) Capital management

The Group's objectives are to maintain an optimal capital structure, and constructively reduce the debt ratio and the cost of capital in order to maximize shareholders’ equity.

(2) Financial instruments

A. Financial instruments by category
For information on the Group’s financial assets (financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income, financial assets at amortized cost, cash and cash equivalents, accounts receivable (including related parties), other receivables and partial other non-current assets-others) and financial liabilities (short-term borrowings, financial liabilities at fair value through profit or loss, accounts payable (including related parties), other payables, lease liability and long-term borrowings (including current portion)), please refer to Note 6 and consolidated balance sheets.
B. Financial risk management policies
(a) The Group’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk, interest rate risk and price risk), credit risk and liquidity risk. The Group’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Group’s financial position and financial performance. The Group uses derivative financial instruments to hedge certain risk exposures (see Note 6(2)).
(b) Risk management is carried out by the treasury department under policies approved by the board of directors. The Group’s treasury identifies, evaluates and hedges financial risks in close cooperation with the Group’s operating units. The Board provides principles for overall risk management, as well as policies covering specific areas and matters, such as foreign exchange risk, interest rate risk, credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment by excess liquidity.
C. Significant financial risks and degrees of financial risks
(a) Market risk

Foreign exchange risk

i. The Group operates internationally and is exposed to foreign exchange risk arising from the transactions of the Group used in various functional currency, primarily with respect to the USD, JPY and RMB. Foreign exchange risk arises from future commercial transactions, recognized assets and liabilities and net investments in foreign operations.
ii. Management has set up a policy to require group companies to manage their foreign exchange risk against their functional currency. The group companies are required to hedge their entire foreign exchange risk exposure via the Group’s treasury departments. To manage their foreign exchange risk arising from future commercial transactions and recognized assets and liabilities, entities in the Group use forward foreign exchange contracts and foreign exchange swap contracts. Foreign exchange risk arises when

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future commercial transactions or recognized assets or liabilities are denominated in a currency that is not the entity’s functional currency.
iii.The Group’s businesses involve some non-functional currency operations (the Company’s and certain subsidiaries’ functional currency: NTD; other certain subsidiaries’ functional currency: RMB and USD). Based on the simulations performed, the impact on pre-tax profit of a 1% exchange rate fluctuation would be an increase of $215,089 and $194,502 for the years ended December 31, 2024 and 2023, respectively. The information on assets and liabilities denominated in foreign currencies whose values would be materially affected by the exchange rate fluctuations is as follows:

	December 31,2024	December 31,2024	December 31,2024	December 31,2023	December 31,2023
	Foreign Currency Amount (In Thousands)	Exchange Rate (Note)	Book Value (NTD)	Foreign Currency Amount (In Thousands)	Exchange Rate (Note) Book Value (NTD)
Financial assets Monetary items USD	$ 3,252,821	32.79	$ 106,660,001	$ 3,301,397	30.71 $ 101,385,902
RMB	1,325,259	4.56	6,043,181	356,070	4.34 1,545,344
JPY	6,442,017	0.21	1,352,824	9,272,243	0.22 2,039,893
EUR HKD SGD	30,370 93,198 2,759	34.14 4.22 24.13	1,036,832 393,296 66,575	27,029 91,618 8,038	33.98 918,445 3.93 360,059 23.29 187,205
Non-monetary items
USD JPY RMB	$ 3,106,002 10,558,443 333,143	32.79 0.21 4.56	$ 101,845,806 2,217,273 1,519,132	$ 3,027,259 9,692,603 239,440	30.71 $ 92,967,124 0.22 2,132,373 4.34 1,039,170
Financial liabilities Monetary items
USD JPY EUR HKD	$ 2,636,161 32,455,491 19,035 32,849	32.79 0.21 34.14 4.22	$ 86,439,719 6,815,653 649,855 138,623	$ 2,576,704 33,051,980 17,205 10,879	30.71 $ 79,130,580 0.22 7,271,436 33.98 584,626 3.93 42,754

Note: Exchange rate represents the amount of NT dollars for which one foreign currency could be exchanged.
iv. Total exchange gain, including realized and unrealized arising from significant foreign
exchange variation on the monetary items held by the Group for the years ended December 31, 2024 and 2023 amounted to $1,658,644 and $1,230,193, respectively.

Price risk

i. The Group is exposed to equity securities price risk because of investments held by the Group and classified on the consolidated balance sheet as financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income. To manage its price risk arising from investments in equity securities, the Group diversifies its portfolio. Diversification of the portfolio is done by the Group in respect of the targets and stages.
ii. The Group’s investments in equity securities comprise domestic listed and unlisted stocks, beneficiary certificates and financial products. The prices of equity securities would change due to the change of the future value of investee companies. If the prices

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of these equity securities had increased/decreased by 20% with all other variables held constant, pre-tax profit for the years ended December 31, 2024 and 2023 would have increased/decreased by $1,337,049 and $1,019,483, respectively; other comprehensive gains and losses would have increased/decreased by $1,025,475 and $1,333,003, respectively.

Cash flow and fair value interest rate risk

i.The Group’s main interest rate risk arises from partial short-term borrowings and longterm borrowings with variable rates, which expose the Group to cash flow interest rate risk. During the years ended December 31, 2024 and 2023, the Group’s borrowings at variable rate were denominated in the NTD and RMB.
ii.The Group analysis its interest rate exposure on a dynamic basis. Various scenarios are simulated taking into consideration refinancing, renewal of existing positions, alternative financing and hedging. Based on these scenarios, the Group calculates the impact on profit and loss of a defined interest rate shift. For each simulation, the same interest rate shift is used for all currencies. The scenarios are run only for liabilities that represent the major interest-bearing positions.
iii. If the borrowing interest rate of NTD had increased/decreased by 0.25% with all other variables held constant, pre-tax profit for the years ended December 31, 2024 and 2023 would have decreased/increased by $74,575 and $99,167, respectively. The main factor is that changes in interest expense result in floating-rate borrowings.
(b) Credit risk
i.Credit risk refers to the risk of financial loss to the Group arising from default by the clients or counterparties of financial instruments on the contract obligations. The main factor is that counterparties could not repay in full the accounts receivable based on the agreed terms, and the contract cash flows. As at December 31, 2024 and 2023, without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the financial assets at amortized cost and accounts receivable held by the Group was its carrying amount.
ii.According to the Group’s credit policy, each local entity in the Group is responsible for managing and analysing the credit risk for each of their new clients before standard payment and delivery terms and conditions are offered. Internal risk control assesses the credit quality of the customers, taking into account their financial position, past experience and other factors. Individual risk limits are set based on internal or external ratings in accordance with limits set by the managements. The utilization of credit limits is regularly monitored.
iii. The Group adopts the following assumption under IFRS 9 to assess whether there has been a significant increase in credit risk on that instrument since initial recognition: If the contract payments are past due over 30 days based on the terms, there has been a significant increase in credit risk on that instrument since initial recognition.
iv. The Group adopts the assumptions under IFRS 9, the default occurs when the contract payments are past due over 90 days.

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v. The Group classifies customer’s accounts receivable in accordance with credit rating of customer, credit risk on trade and customer types. The Group applies the simplified approach using provision matrix to estimate expected credit loss.
vi. The following indicators are used to determine whether the credit impairment of debt instruments has occurred:
(i) It becomes probable that the issuer will enter bankruptcy or other financial reorganization due to their financial difficulties;
(ii) Default or delinquency in interest or principal repayments;
(iii)Adverse changes in national or regional economic conditions that are expected to cause a default.
vii. The Group uses the forecastability to adjust historical and timely information to assess the default possibility of accounts receivable.
According to abovementioned consideration and information, the Group does not expect any significant default possibility of accounts receivable.
viii. Movements in relation to the Group applying the simplified approach to provide loss allowance for accounts receivable are as follows:

At January 1 Provision for impairment Write-offs Effect on exchange rate changes At December 31 At January 1 Provision for impairment Effect on exchange rate changes At December 31	2024 Accounts receivable $ 284,588 2,752 (47) 1,389 $ 288,682 2023 Accounts receivable $ 279,260 5,331 (3) $ 284,588

ix. The Group’s financial assets at amortized cost have low credit risk, and the Group did not recognize significant loss allowance in accordance with 12 months expected credit losses.

(c) Liquidity risk

i. Group treasury monitors rolling forecasts of the Group’s liquidity requirements to ensure it has sufficient cash to meet operational needs while maintaining sufficient headroom on its undrawn committed borrowing facilities at all times so that the Group does not breach borrowing limits or covenants (where applicable) on any of its borrowing facilities. Such forecasting takes into consideration the Group’s debt financing plans, covenant compliance, compliance with internal balance sheet ratio targets and external regulatory or legal requirements.
ii. Group treasury invests surplus cash in interest bearing savings accounts, time deposits, money market deposits and marketable securities. The Group chooses instruments that

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are with appropriate maturities or sufficient liquidity to provide sufficient headroom as determined by the abovementioned forecasts. These are expected to readily generate cash inflows for managing liquidity risk.

iii.The information below analysis the Group’s non-derivative financial liabilities and netsettled or gross-settled derivative financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date for non-derivative financial liabilities and to the expected maturity date for derivative financial liabilities. The amounts disclosed in the table are the contractual undiscounted cash flows.

Non-derivative financial liabilities:

December 31,2024	Less than 1year	Between 1 and 3years	Between 3 and 5years	Over 5years Total
Lease liability Long-term borrowings (including current portion) December 31,2023	$ 491,585 7,834,012 Less than 1year	$ 906,352 18,697,573 Between 1 and 3years	$ 715,795 2,132,041 Between 3 and 5years	$ 1,026,771 $ 3,140,503 201,363 28,864,989 Over 5years Total
Lease liability (Note) Long-term borrowings (including current portion)	$ 656,258 7,598,243	$ 1,023,995 30,581,208	$ 904,084 38,153	$ 1,431,487 $ 4,015,824 1,449,156 39,666,760

Note: The Company applied a 1-year grace period for land rental payment starting from September 2020. The payment is repayable in 36 equal monthly installments for 3 years.

Except for the above, the non-derivative and derivative financial liabilities of the Group are all due within one year.

(3) Fair value information

A. The different levels that the inputs to valuation techniques are used to measure fair value of financial and non-financial instruments have been defined as follows:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. A market is regarded as active where a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. The fair value of the Group’s investment in listed stocks and beneficiary certificates is included in Level 1.
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The fair value of the Group’s investment in derivative instruments and financial products is included in Level 2.
Level 3: Unobservable inputs for the asset or liability. The fair value of the Group’s investment in equity investment without active market and bonds payable is included in Level 3.
B. Fair value information of investment property at cost is provided in Note 6(10).
C. Financial instruments not measured at fair value

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Except for those listed in the table below, the carrying amounts of cash and cash equivalents, accounts receivable (including related parties), other receivables, financial assets at amortized cost, partial other non-current assets-others, accounts payable (including related parties), other payables, lease liability, short-term borrowings and long-term borrowings (including current portion) are approximate to their fair values.

	December	31,2024
Book value		Fair value
	Level 1	Level 2 Level 3
$ 1,000,000	$ — December	$ 1,000,000 $ — 31,2023
		Fair value
Book value $ 876,036	Level 1 $ —	Level 2 Level 3 $ 870,967 $ —

D. The related information on financial and non-financial instruments measured at fair value by level on the basis of the nature, characteristics and risks of the assets and liabilities is as follows:

(a) The related information on the nature of the assets and liabilities is as follows:

December 31,2024	Level 1	Level 2	Level 3 Total
Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Forward foreign exchange contracts Convertible bonds Beneficiary certificates Financial instruments Financial assets at fair value through other comprehensive income Equity securities Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Forward foreign exchange contracts Foreign exchange swap contracts	$ 4,395,264 — — 188,788 — 5,112,180	$ — 3,321 — — 200,070 —	$ 1,901,123 $ 6,296,387 — 3,321 245,277 245,277 — 188,788 — 200,070 15,193 5,127,373
	$ 9,696,232	$ 203,391	$ 2,161,593 $ 12,061,216
	$ — —	$ 226,082 24,940	$ — $ 226,082 — 24,940
	$ —	$ 251,022	$ — $ 251,022

~66~

December 31,2023	Level 1	Level 2	Level 3 Total
Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Forward foreign exchange contracts Convertible bonds Foreign exchange swap contracts Financial instruments Financial assets at fair value through other comprehensive income Equity securities Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Forward foreign exchange contracts	$ 3,788,437 — — — — 6,532,864	$ — 396,892 — 63,875 177,261 —	$ 1,131,716 $ 4,920,153 — 396,892 202,738 202,738 — 63,875 — 177,261 132,150 6,665,014
	$ 10,321,301	$ 638,028	$ 1,466,604 $ 12,425,933
	$ —	$ 44,596	$ — $ 44,596

(b) The methods and assumptions the Group used to measure fair value are as follows:
i. The instruments the Group used market quoted prices as their fair values (that is, Level 1) are listed below by characteristics:

Listed shares Emerging stocks Corporate bond Last transaction Weighted average Closing price Market quoted price price quoted price

ii. Except for financial instruments with active markets, the fair value of other financial instruments is measured by using valuation techniques or by reference to counterparty quotes. The fair value of financial instruments measured by using valuation techniques can be referred to current fair value of instruments with similar terms and characteristics in substance, discounted cash flow method or other valuation methods, including calculated by applying model using market information available at the consolidated balance sheet date.
iii. When assessing non-standard and low-complexity financial instruments, for example, foreign exchange swap contracts and financial products, the Group adopts valuation technique that is widely used by market participants. The inputs used in the valuation method to measure these financial instruments are normally observable in the market.
iv. The valuation of derivative financial instruments is based on valuation model widely accepted by market participants, such as present value techniques and option pricing models. Forward foreign exchange contracts and foreign exchange swap contracts are usually valued based on the current forward exchange rate. Convertible bonds derivative instruments are measured by using appropriate option pricing models (binary tree model or Black-Scholes model for convertible bond pricing).

~67~

v. The output of valuation model is an estimated value and the valuation technique may not be able to capture all relevant factors of the Group’s financial and non-financial instruments. Therefore, the estimated value derived using valuation model is adjusted accordingly with additional inputs, for example, model risk or liquidity risk and etc. In accordance with the Group’s management policies and relevant control procedures relating to the valuation models used for fair value measurement, management believes adjustment to valuation is necessary in order to reasonably represent the fair value of financial and non-financial instruments at the consolidated balance sheet. The inputs and pricing information used during valuation are carefully assessed and adjusted based on current market conditions.
vi. The Group takes into account adjustments for credit risks to measure the fair value of financial and non-financial instruments to reflect credit risk of the counterparty and the Group’s credit quality.
E. For the years ended December 31, 2024 and 2023, there was no transfer between Level 1 and Level 2.
F. The following table presents the changes in Level 3 instruments for the years ended December 31, 2024 and 2023:

2024

		2024
Financial assets at fair value through profit or loss / Financial assets at fair value through other comprehensive income At January 1 Gains and losses recognized in profit or loss Gains and losses recognized in other comprehensive income Acquired during the year	Equitysecurities	Hybrid instrument Total
	$ 1,263,866 528,118 5,369 116,365 (14,662) 17,260	$ 202,738 $ 1,466,604 9,016 537,134 — 5,369 19,600 135,965 — (14,662) 13,923 31,183
Investment cost return
Effect on exchange rate changes At December 31
	$ 1,916,316	$ 245,277 $ 2,161,593

~68~

2023

		2023
Financial assets at fair value through profit or loss / Financial assets at fair value through other comprehensive income At January 1 Gains and losses recognized in profit or loss Gains and losses recognized in other comprehensive income Acquired during the year	Equitysecurities	Hybrid instrument Total
	$ 1,292,193 (22,861) (84,802) 198,944 (117,431) (2,348) 171	$ 193,988 $ 1,486,181 8,910 (13,951) — (84,802) — 198,944 — (117,431) — (2,348) (160) 11
Investment cost return
Proceeds from capital reduction
Effect on exchange rate changes At December 31
	$ 1,263,866	$ 202,738 $ 1,466,604

G. Investment management segment is in charge of valuation procedures for fair value measurements being categorized within Level 3, which is to verify independent fair value of financial instruments. Such assessment is to ensure the valuation results are reasonable by applying independent information to make results close to current market conditions, confirming the resource of information is independent, reliable and in line with other resources and represented as the exercisable price, and frequently calibrating valuation model, performing back-testing, updating inputs used to the valuation model and making any other necessary adjustments to the fair value. Convertible bonds derivative instruments are evaluated through outsourced appraisal performed by the external valuer.
Investment management segment set up valuation policies, valuation processes, and rules for measuring fair value of financial instruments and ensure compliance with the related requirements in IFRS.
H. The following is the qualitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:

~69~

Fair value at December 31,2024	Valuation technique	Significant unobservable input	Range (weighted average) Relationship of inputs to fair value	Range (weighted average) Relationship of inputs to fair value
$ 1,911,172 5,144 245,277
	Market comparable companies Using the last transaction price in an inactive market	Price to sales ratio multiple, price to book ratio multiple, enterprise value to book ratio multiplier Discount for lack of marketability, discount for lack of control Discount for lack of marketability	0.76~9.13 (2.28) The higher the multiple, the higher the fair value 30%~80% (39%) The higher the discount for lack of marketability and discount for lack of control, the lower the fair value 30% (30%) The higher the discount for lack of marketability, the lower the fair value

	Discounted cash flow method and Option pricing model	Discount and Volatility rate	1.17% ~41.22% (7.35%)	The higher the volatility, the higher the fair value; the higher the discount rate, the lower the fair value

~70~

Fair value

	Fair value
Non-derivative equity instrument: Unlisted shares Hybrid instrument: Convertible bond	at December 31,2023	Valuation technique	Significant unobservable input	Range (weighted average) Relationship of inputs to fair value

	$ 1,225,048	Market comparable companies	Price to sales ratio multiple, price to book ratio multiple Discount for lack of marketability	0.76~4.81 (1.30) The higher the multiple, the higher the fair value 30%~80% (32%) The higher the discount for lack of marketability, the lower the fair value
	4,818	Using the last transaction price in an inactive market	Discount for lack of marketability	30% (30%) The higher the discount for lack of marketability, the lower the fair value
	34,000	Market comparable companies	Enterprise value to operating income ratio multiplier, enterprise value to operating profit ratio multiplier Discount for lack of marketability	56~68.2 (62.1) 23.8% (23.8%)	The higher the multiple, the higher the fair value The higher the discount for lack of marketability, the lower the fair value

	202,738	Discounted cash flow method and Option pricing model	Discount and Volatility rate	4.29% ~23.1% (13.7%)	The higher the volatility, the higher the fair value; the higher the discount rate, the lower the fair value

I. The Group has carefully assessed the valuation models and assumptions used to measure fair value. However, use of different valuation models or assumptions may result in different measurement. The following is the effect on profit or loss or of other comprehensive income from financial assets and liabilities categorized within Level 3 if the inputs used to valuation models have changed:

~71~

			December 31,2024	December 31,2024	December 31,2024	December 31,2024
Financial assets	Input	Change	Recognized inprofit or loss		Recognized in other comprehensive income
			Favourable change	Unfavourable change	Favourable change Unfavourable change
Equity instrument	Liquidity discount	± 1%	$ 29,985	$ (29,985)	$ 217 $ (217)
Hybrid instrument	Discount and Volatility rate	± 1%	$ 1,031	$ (1,017)	$ —	$ —

				December 31,2023
			Recognized inprofit or loss		Recognized in other comprehensive income
Financial assets	Input	Change	Favourable change	Unfavourable change	Favourable change Unfavourable change
Equity instrument Hybrid instrument	Liquidity discount Discount and Volatility rate	± 1% ± 1%	$ 18,192 2,888	$ (18,192) (2,820)	$ 1,402 $ (1,402) — —

13. SUPPLEMENTARY DISCLOSURES

(1) Significant transactions information

A. Loans to others: Please refer to Table 1.
B. Provision of endorsements and guarantees to others: None.
C. Holding of marketable securities at the end of the period (not including subsidiaries, associates and joint ventures): Please refer to Table 2.
D. Acquisition or sale of the same security with the accumulated cost exceeding $300 million or 20% of the Company’s paid-in capital: Please refer to Table 3.
E. Acquisition of real estate reaching $300 million or 20% of paid-in capital or more: None.
F. Disposal of real estate reaching $300 million or 20% of paid-in capital or more: Please refer to Table 4.
G. Purchases or sales of goods from or to related parties reaching $100 million or 20% of paid-in capital or more: Please refer to Table 5.
H. Receivables from related parties reaching $100 million or 20% of paid-in capital or more: Please refer to Table 6.
I. Trading in derivative instruments undertaken during the reporting periods: Please refer to Note 6(2).
J. Significant inter-company transactions during the reporting periods: Please refer to Table 7.

(2) Information on investees

Names, locations and other information of investee companies (not including investees in Mainland China): Please refer to Table 8.

(3) Information on investments in Mainland China

A. Basic information: Please refer to Table 9.
B. Significant transactions, either directly or indirectly through a third area, with investee companies in the Mainland Area: Please refer to Table 1, 5, 6 and 7.

~72~

(4) Major shareholders information

Names, number of shares and ownership of shareholders whose equity interest is greater than 5%: None.

14. SEGMENT INFORMATION

(1) General information

The Group is primarily engaged in the research, development, design, manufacture and sales of TFT-LCD panels, modules and monitors of LCD, color filter, and low temperature poly-silicon TFT-LCD. The Group operates TFT-LCD business only in a single industry. The chief operating decision-maker who allocates resources and assesses performance of the Group as a whole, has identified that the Group has only one reportable operating segment.

The Group’s operating segment information was prepared in accordance with the Group’s accounting policies. The chief operating decision-maker allocated resources and assesses performance of the operating segments primarily based on the operating revenue and profit (loss) before tax and discontinued operations of individual operating segment.

(2) Segment information

The segment information provided to the chief operating decision-maker for the reportable segments is as follows:

Segment revenue Segment income (loss) Depreciation and amortization Capital expenditure- property, plant and equipment Segment assets	Years ended December 31, 2024 2023 TFT LCD TFT LCD $ 216,509,919 $ 211,740,557 $ 8,228,464 $ (16,363,131) $ 31,149,934 $ 30,773,369 $ 16,055,103 $ 21,351,840 $ 358,088,006 $ 357,530,442

(3) Reconciliation for segment income

In current year, the revenue and income or loss before tax of reportable operating segment are consistent with those of continuing operations.

(4) Information on products

Revenue from external customers is mainly from sale of TFT-LCD products, and the sales amount is in agreement with operating revenue.

~73~

(5) Geographical information

Geographical information for the years ended December 31, 2024 and 2023 is as follows:

Years ended December 31,

Taiwan Hong Kong	2024 Revenue Non-current assets $ 52,286,550 $ 125,645,956 51,417,654 — 35,934,632 7,480 27,672,989 92,625 27,560,365 35,167,637 21,637,729 1,176,219	2024 Revenue Non-current assets $ 52,286,550 $ 125,645,956 51,417,654 — 35,934,632 7,480 27,672,989 92,625 27,560,365 35,167,637 21,637,729 1,176,219	2023
	Revenue $ 52,286,550 51,417,654 35,934,632 27,672,989 27,560,365 21,637,729		Revenue Non-current assets $ 49,766,104 $ 145,831,100 55,475,786 — 33,789,255 1,782 26,281,240 109,243 24,064,897 39,721,897 22,363,275 1,006,741
US
Europe China
Others Total
	$ 216,509,919	$ 162,089,917	$ 211,740,557 $ 186,670,763

(6) Major customer information

There are no individual sales to the Group's customers that exceed 10% of the sales in the statement of comprehensive income for the year ended December 31, 2024.

The individual sales to the Group's customers that exceed 10% of the sales in the statements of comprehensive income for the year ended December 31, 2023 are set forth below:

Year ended December 31, 2023

Sales amount		Percentage of sales	.
$ 21,644.175		10%

~74~

Table 1

Innolux Corporation and Subsidiaries Loans to others For the year ended December 31, 2024

Expressed in thousands of NTD (Except as otherwise indicated)

			General ledger	Is a related	Maximum outstanding balance during the		Actual amount	Interest	Nature of	Amount of transactions with the	Reason for short-term	Allowance for doubtful	Coll	ateral	Limit on loans granted to a	Ceiling on total
					year ended December	Balance as at December 31
No.	Creditor	Borrower	account	party	31, 2024	, 2024	drawn down	rate	loan	borrower	financing	accounts	Item	Value	singleparty	loansgranted	Footnote
1 1 1 1 1 1 2 3 4 5 5	Innocom Technology (Shenzhen) Co., Ltd. Innocom Technology (Shenzhen) Co., Ltd. Innocom Technology (Shenzhen) Co., Ltd. Innocom Technology (Shenzhen) Co., Ltd. Innocom Technology (Shenzhen) Co., Ltd. Innocom Technology (Shenzhen) Co., Ltd. Innolux Japan Co., Ltd. Innolux Holding Limited Warriors Technology Investments Ltd Innolux Hong Kong Holding Limited Innolux Hong Kong Holding Limited	Foshan Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd. CarUX Technology (Shanghai) Ltd. Nanjing Innolux Optoelectronics Ltd. CarUX Technology (Ningbo) Ltd. Innolux Corporation Innolux Corporation Innolux Corporation CARUX TECHNOLOGY PTE. LTD. Innolux Corporation	Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables Other receivables	Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes	$ 6,840,591 2,280,197 3,192,276 1,368,118 3,192,275 2,553,820 2,173,575 1,725,185 3,868,630 1,813,011 1,813,011	$ 6,840,591 2,280,197 3,192,276 1,368,118 — 2,553,820 2,173,575 1,725,185 3,868,630 1,813,011 1,813,011	$ 4,642,479 109,449 1,322,515 1,185,704 — 547,248 2,173,575 1,725,185 3,868,630 — 1,157,311	2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 1.00% 0.00% 0.00% 5.32%~5. 38% 0.00%	Short-term financing Short-term financing Short-term financing Short-term financing Short-term financing Short-term financing Long-term and short- term financing Long-term and short- term financing Long-term and short- term financing Long-term and short- term financing Long-term and short- term financing	$ — — — — — — — — — — —	Operating support Operating support Operating support Operating support Operating support Operating support Operating support Operating support Operating support Operating support Operating support	$ — — — — — — — — — — —	— — — — — — — — — — —	$ — — — — — — — — — — —	16,900,298 16,900,298 16,900,298 16,900,298 16,900,298 16,900,298 8,141,870 39,876,354 11,302,116 24,477,454 24,477,454	16,900,298 A 16,900,298 A 16,900,298 A 16,900,298 A 16,900,298 A 16,900,298 A 8,141,870 A 39,876,354 A 11,302,116 A 24,477,454 A 24,477,454 A

Note A:

1.For loans obtained for short-term financing, financial limit on loans granted to a single party shall not exceed 10% of the Group’s net equity, based on the most recent audited or reviewed financial statements of the creditor.
2.The financial limit on loans granted shall not exceed 40% of the creditor’s net equity. If it is for short-term capital needs, the limit shall not exceed 30% of the creditor’s net equity, based on the most recent audited or reviewed financial statements of the creditor.
3.The policy for loans granted to direct or indirect wholly-owned ultimate parent company or overseas subsidiaries is as follows: for long-term and short-term capital needs, financial limit is not restricted to the abovementioned two rules, however, financial limit on total loans granted and limit on loans granted to a single party for the overseas subsidiaries should not exceed 200% of the creditor’s net equity.

Table�1�,�Page�1

==> picture [126 x 37] intentionally omitted <==

Innolux Corporation and Subsidiaries

Holding of marketable securities at the end of the period (not including subsidiaries, associates and joint ventures) December 31, 2024

			December 31, 2024
Table 2					Expressed in thousands of NTD (Except as otherwise indicated)


		Relationship with the securities issuer			As of December 31, 2024
Securities held by	Marketable securities		General ledger account	Shares/Units	Book value	Ownership (%)	Fair value Footnote
	Common stock
Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation	AvanStrate Inc. TPV Technology Limited Chi Lin Optoelectronics Co., Ltd. Cheng Mei Materials Technology Corporation General Interface Solution (GIS) Holding Limited Obsidian Sensors, Inc. Cathay Financial Holding Co., Ltd. Preferred Stock A TAISHIN FINANCIAL HOLDING CO., LTD. Preferred Stock E Chailease Holding Company Limited Class A Preferred Shares Fubon Financial Holding Co., Ltd. Preferred Shares B ENNOSTAR Inc. Cathay Financial Holding Co., Ltd. Preferred Stock B CTBC Financial Holding Co., Ltd. Preferred Shares B CTBC Financial Holding Co., Ltd. Preferred Shares C Fubon Financial Holding Co., Ltd. Preferred Shares C WT MICROELECTRONICS CO., LTD. Preferred Shares A HOTAI FINANCE CO., LTD. PREFERRED SHARES A HOTAI FINANCE CO., LTD. PREFERRED SHARES B	None None Other related party None None None None None None None None None None None None None None None	Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income	900,000 60,200,000 4,270,212 48,617,638 1,669,000 954,282 3,478,000 718,000 1,926,000 5,204,000 2,750,000 4,181,000 2,469,000 417,000 2,000 753,000 136,000 374,000	$ 8,923 1,519,397 — 646,615 84,451 48,980 212,158 37,049 188,941 314,842 114,950 251,278 154,313 24,061 106 37,499 12,947 36,054	1 3 19 9 — 21 — — 1 1 — 1 1 — — 1 — 1	$ 8,923 1,519,397 — 646,615 84,451 48,980 212,158 37,049 188,941 314,842 114,950 251,278 154,313 24,061 106 37,499 12,947 36,054

Table�2�,�Page�1

		Relationship with the securities issuer			As of December 31, 2024	As of December 31, 2024
Securities held by	Common stock Taiwan Cement Corp. 2nd Preferred Shares BANK OF KAOHSIUNG CO., LTD. Preferred Shares A Yulon Finance Corporation, Preferred Shares A TAISHIN FINANCIAL HOLDING CO., LTD. Class E Preferred SharesⅡ DEEP01 LIMITED Trillion Science, Inc. Cheng Mei Materials Technology Corporation VISIONATICS INC. Clarix Imaging Corporation WT MICROELECTRONICS CO., LTD. Preferred Shares A Taiwan Cement Corp. 2nd Preferred Shares BANK OF KAOHSIUNG CO., LTD. Preferred Shares A TAISHIN FINANCIAL HOLDING CO., LTD. Class E Preferred SharesⅡ TAISHIN FINANCIAL HOLDING CO., LTD. Preferred Stock E HOTAI FINANCE CO., LTD. PREFERRED SHARES A HOTAI FINANCE CO., LTD. PREFERRED SHARES B Advanced Optoelectronic Technology, Inc. ENNOSTAR Inc. EPILEDS Co., Ltd. Fitipower Integrated Technology Inc. BE Epitaxy Semiconductor Technology Co., Ltd. best Epitaxy Manufacturing Company Ltd. Marketable securities		General ledger account	Shares/Units	Book value	Ownership (%)	Fair value Footnote
Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation InnoCare Optoelectronics Corporation Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation		None None None None None None None None None None None None None None None None None None Other related party None Other related party Other related party	Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through profit or loss	647,000 143,000 235,000 554,000 200,323 1,439,180 267,684 300,000 113,033 1,276,000 3,281,000 320,000 2,840,000 1,040,000 512,000 797,000 6,964,222 954,000 7,347,144 5,850,000 1,616,374 6,340,098	$ 30,150 3,139 12,032 25,733 — — 3,561 — 419 63,545 152,895 7,024 131,918 53,664 48,742 76,831 163,659 39,877 259,354 1,360,125 8,051 249,785	— — — — 6 3 — 10 1 1 2 1 1 — 1 2 5 — 7 5 15 9	$ 30,150 3,139 12,032 25,733 — — 3,561 — 419 63,545 152,895 7,024 131,918 53,664 48,742 76,831 163,659 39,877 259,354 1,360,125 8,051 249,785

Table�2�,�Page�2

		Relationship with the securities issuer			As of December 31, 2024	As of December 31, 2024
Securities held by	Common stock CTBC Financial Holding Co., Ltd. Preferred Shares B CTBC Financial Holding Co., Ltd. Preferred Shares C Cathay Financial Holding Co., Ltd. Preferred Stock A Cathay Financial Holding Co., Ltd. Preferred Stock B Fubon Financial Holding Co., Ltd. Preferred Shares B Fubon Financial Holding Co., Ltd. Preferred Shares C Chailease Holding Company Limited Class A Preferred Shares Yulon Finance Corporation, Preferred Shares A CyberTAN Technology Inc. Shenzhen Tiandeyu Electronics Co., Ltd. OED Holding Ltd. Obsidian Sensors, Inc. Reco Technology Holding Limited Kymeta Corporation General Interface Solution (GIS) Holding Limited CJK Associates Co., Ltd. Perinnova Limited KA Imaging Inc. Convertible bonds KA Imaging Inc. Obsidian Sensors, Inc. LELTEK INC. Marketable securities		General ledger account	Shares/Units	Book value	Ownership (%)	Fair value Footnote
InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation Ningbo Innolux Optoelectronics Ltd. Warriors Technology Investments Ltd Warriors Technology Investments Ltd Warriors Technology Investments Ltd Warriors Technology Investments Ltd Warriors Technology Investments Ltd Warriors Technology Investments Ltd Warriors Technology Investments Ltd Warriors Technology Investments Ltd Warriors Technology Investments Ltd Warriors Technology Investments Ltd InnoCare Optoelectronics Corporation		None None None None None None None None None None None None None None None None Other related party Other related party Other related party None None	Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss	1,435,000 60,000 1,442,000 1,627,000 1,194,000 33,000 415,000 1,123,000 800,000 30,599,775 16,000,000 414,136 2,016,000 1,027,371 22,525,000 4,000 1,900 1,819,240 — — —	$ 89,687 3,462 87,962 97,783 72,237 1,756 40,711 57,497 26,920 3,342,151 34,229 21,256 18,134 5,144 1,139,765 639 — 1,359 114,946 110,731 19,600	— — — — — — — 1 — 7 7 9 2 — 7 14 19 10 Not applicable Not applicable Not applicable	$ 89,687 3,462 87,962 97,783 72,237 1,756 40,711 57,497 26,920 3,342,151 34,229 21,256 18,134 5,144 1,139,765 639 — 1,359 114,946 110,731 19,600

Table�2�,�Page�3

		Relationship with the securities issuer			As of December 31, 2024	As of December 31, 2024
Securities held by	Beneficiarycertificates Cathay US Treasury 20+ YR ETF CAPITAL 10+ YEAR IG BANKING ETF Financialproducts Chang Jiang Sheng Shih Ru Yi Serials A congregate group pension plan Chang Jiang Sheng Shih Ru Yi Serials A congregate group pension plan Chang Jiang Sheng Shih Ru Yi Serials A congregate group pension plan Chang Jiang Sheng Shih Ru Yi Serials A congregate group pension plan Chang Jiang Sheng Shih Ru Yi Serials A congregate group pension plan Chang Jiang Sheng Shih Ru Yi Serials A congregate group pension plan Chang Jiang Sheng Shih Ru Yi Serials A congregate group pension plan Chang Jiang Sheng Shih Ru Yi Serials A congregate group pension plan Bonds Fubon Life Insurance Co., Ltd. 2nd issue of Unsecured Cumulative Subordinated Corporate Bonds A in 2024 Marketable securities		General ledger account	Shares/Units	Book value	Ownership (%)	Fair value Footnote
Innolux Corporation Innolux Corporation Foshan Innolux Optoelectronics Ltd. Innocom Technology (Shenzhen) Co., Ltd. Ningbo Innolux Display Ltd. Ningbo Innolux Optoelectronics Ltd. CarUX Technology (Ningbo) Ltd. Nanjing Innolux Optoelectronics Ltd. Ningbo Innolux Electronics Ltd. CarUX Technology (Shanghai) Ltd. CarUX Technology Taiwan Inc.		None None None None None None None None None None None	Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at amortized cost	3,200,000 2,650,000 — — — — — — — — 1,000	$ 95,296 93,492 67,976 13,465 16,003 80,724 6,112 3,190 474 12,126 1,000,000	— — Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable	$ 95,296 93,492 67,976 13,465 16,003 80,724 6,112 3,190 474 12,126 1,000,000

Table�2�,�Page�4

Innolux Corporation and Subsidiaries

Acquisition or sale of the same security with the accumulated cost exceeding $300 million or 20% of the Company's paid-in capital For the year ended December 31, 2024

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


Investor	Marketable securities (Note 1)	General ledger account	Counterparty (Note 2)	Relationship with the investor (Note 2)	Balance as at January1,2024		Addition(Note 3)			Disposal(Note 3)			Balance as at December 31,2024
					Shares/Units	Amount	Shares/Units	Amount	Shares/Units	Selling price	Book value	Gain (loss) on disposal	Shares/Units Amount
CarUX Holding Limited Ningbo Innolux Optoelectronics Ltd.	CARUX TECHNOLOGY PTE. LTD. CarUX Technology (Ningbo) Ltd.	Note 6 Note 6	CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD.	A subsidiary of the Company A subsidiary of the Company	128,431,749 —	$ 4,070,877	82,000,000	$ 2,660,900	—	$ —	$ —	$ —	210,431,749	$ 9,062,462
						1,083,787	—	—	—	1,235,456	1,360,063	Note 7	—	—
CARUX TECHNOLOGY PTE. LTD. Innolux Corporation CarUX Technology Taiwan Inc.	CarUX Technology (Ningbo) Ltd. VIZIO Holding Corp. Fubon Life Insurance Co., Ltd. 2nd issue of Unsecured Cumulative Subordinated Corporate Bonds A in 2024	Note 6 Note 4 Note 5	Ningbo Innolux Optoelectronics Ltd. — —	A subsidiary of the Company — —	— 8,347,068 —	— 1,973,485 —	— — 1,000	1,235,456 —	— 8,347,068 —	— 3,117,797 —	— 3,117,797 —	— — —	— — 1,000	1,296,767 —
								1,000,000						1,000,000

Note 1: Marketable securities in the table refer to stocks, bonds, beneficiary certificates and other related derivative securities. Note 2: Fill in the columns the counterparty and relationship if securities are accounted for using the equity method; otherwise leave the columns blank. Note 3: Aggregate purchases and sales amounts should be calculated separately at their market values to verify whether they individually reach NT$300 million or 20% of paid-in capital or more. Note 4: Code of general ledger account is "financial assets at fair value through other comprehensive income". Due to adoption of IFRS, it would be valued at fair value rather than recognized disposal gain or loss. The carrying amount as at December 31, 2024 included gains or losses on valuation. Note 5: Code of general ledger account is "financial assets at amortized cost", and its carrying amount includes the effect of exchange rate. The gain or loss due to disposal is interest income.

Note 6: Code of general ledger account is "Investments accounted for under the equity method". The carrying amount as at December 31, 2024 included the realized gain/loss on equity investment and other related adjustment. Note 7: There was no income or loss as it was accounted as reorganization.

Table�3�,�Page�1

Innolux Corporation and Subsidiaries Disposal of real estate reaching NT$300 million or 20% of paid-in capital or more For the year ended December 31, 2024

Table 4

Expressed�in�thousands�of�NTD (Except�as�otherwise�indicated)

Disposed of		Date of the event	Date of acquisition	Transaction currency	Book value (in thousands)	Transaction amount	Status of	Gain (loss) on disposal (in thousands)			Purpose of	Basis or reference used in setting	Other
by	Real estate					(in thousands)	collection		Counterparty	Relationship	disposal	theprice	commitments Note
Innolux Corporation	Plant and auxiliary buildings	August 2024 October 2024	January 2005 November 2013	TWD RMB	$ 3,422,900 RMB 114,824	$ 17,142,857 RMB 453,674	$15,428,571 —	$ 13,719,957 —	Taiwan Semiconductor Manufacturing Company Limited Nanjing Jiangning Economic & Technological Development Zone Administrative Committee	None None	To inject capital into the Company's operations and future growth potential, and to bolster working capital To inject capital into the Company's operations and future growth potential, and to bolster working capital	A report on the appraisal price of a real estate appraiser A report on the appraisal price of a real estate appraiser	None Note 1 None Note 1、2
Nanjing Innolux Optoelectron ics Ltd.	Plant and auxiliary buildings

Note 1:Book value includes relevant fees.

Note 2:This transaction has not been completed, and the relevant transaction costs and taxes have not yet been determined. Such consideration was received RMB 226,837 in February 2025.

==> picture [785 x 143] intentionally omitted <==

Table�4,Page�1

Table 5

Innolux Corporation and Subsidiaries

Purchases or sales of goods from or to related parties reaching $100 million or 20% of paid-in capital or more For the year ended December 31, 2024

Expressed in thousands of NTD (Except as otherwise indicated)

				Transaction	Transaction		Differences in transaction terms compared to third party transactions	Differences in transaction terms compared to third party transactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
Purchaser/seller	Counterparty	Relationship with the counterparty	Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unitprice	Credit term	Balance	Percentage of total notes/accounts receivable(payable)	Footnote
Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation	CARUX TECHNOLOGY PTE. LTD. Innolux USA Inc. HONGFUJIN PRECISION ELECTRONICS (YANTAI) Foshan Innolux Optoelectronics Ltd. InnoCare Optoelectronics Corporation Honfujin Precision Electronics (Chongqing) Co., Ltd. Ningbo Innolux Display Ltd. FIH (Hong Kong) Limited Fortunebay Technology Pte. Ltd. Ningbo Innolux Display Ltd. Foshan Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd.	An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary of Hon Hai An indirect owned subsidiary A subsidiary of the Company An indirect owned subsidiary of Hon Hai Precision Industry Co., Ltd. An indirect owned subsidiary An indirect owned subsidiary of Hon Hai Precision Industry Co., Ltd. An indirect owned subsidiary of Hon Hai An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary	Sales Sales Sales Sales Sales Sales Sales Sales Purchases Processing expense Processing expense Processing expense	$ 19,250,362 6,486,772 3,689,400 1,071,777 410,147 349,648 243,990 196,532 142,235 21,143,886 19,250,370 11,721,774	11 4 2 1 — — — — — 12 11 7	60 days 120 days 90 days 60 days 90 days 90 days 60 days 60 days 60 days 60 days 60 days 60 days	Similar with general sales Similar with general sales Similar with general sales Similar with general sales Similar with general sales Similar with general sales Similar with general sales Similar with general sales Similar with general Cost plus Cost plus Cost plus	No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference	$ 8,321,615 79,454 2,392,488 — 147,141 109,070 — 29,018 (52,609) (4,942,598) (8,150,410) (10,184,836)	24 — 7 — — — — — — 11 18 22

Table�5 �,�Page�1

				Transaction	Transaction		Differences in transaction terms compared to third party transactions	Differences in transaction terms compared to third party transactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
Purchaser/seller	Counterparty	Relationship with the counterparty	Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unitprice	Credit term	Balance	Percentage of total notes/accounts receivable(payable)	Footnote
Innolux Corporation Innolux Corporation Innolux Corporation CARUX TECHNOLOGY PTE. LTD. CarUX Technology (Shanghai) Ltd. CarUX Technology Taiwan Inc. CarUX Technology (Ningbo) Ltd. Innolux Japan Co., Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd. InnoCare Optoelectronics Corporation Ningbo Innolux Optoelectronics Ltd. InnoCare Optoelectronics Corporation InnoCare Optoelectronics Corporation InnoCare Optoelectronics Japan Co., Ltd.	Nanjing Innolux Optoelectronics Ltd. Innocom Technology (Shenzhen) Co., Ltd. CarUX Technology (Ningbo) Ltd. CarUX Technology (Shanghai) Ltd. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. Innolux Corporation Ningbo Innolux Display Ltd. Ningbo Innolux Optoelectronics Ltd. InnoCare Optoelectronics Japan Co., Ltd. CarUX Technology (Ningbo) Ltd. InnoCare Optoelectronics USA, INC. Ningbo Innolux Electronics Ltd. InnoCare Optoelectronics Corporation	An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary Ultimate parent company An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary A subsidiary of the Company	Processing expense Processing expense Processing expense Sales Processing revenue Processing revenue Processing revenue Service revenue Sales Sales Sales Sales Sales Sales Sales	$ 1,200,994 241,635 3,173,214 3,627,881 13,260,079 9,799,026 282,675 291,773 8,207,649 1,482,038 788,018 417,030 324,554 142,658 128,067	1 — 2 7 77 100 7 93 26 4 44 1 18 8 8	60 days 60 days 60 days 60 days 60 days 60 days 60 days 60 days 60 days 60 days 60 days 60 days 60 days 60 days 60 days	Cost plus Cost plus Cost plus Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions	No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference No material difference	$ — (972,961) — — 1,781,866 3,878,823 285,804 47,867 1,538,526 428,935 381,414 652 99,962 36,231 31,280	— 5 — — 47 95 100 92 12 6 58 — 15 6 7

Table�5 �,�Page�2

				Transaction	Transaction		Differences in transaction terms compared to third party transactions	Differences in transaction terms compared to third party transactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
Purchaser/seller	Counterparty	Relationship with the counterparty	Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unitprice	Credit term	Balance	Percentage of total notes/accounts receivable(payable)	Footnote
Ningbo Innolux Display Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. Foshan Innolux Optoelectronics Ltd. CarUX Technology Europe B.V.	Hon Hai Precision Industry Co., Ltd. Hon Hai Precision Industry Co., Ltd. Fortunebay Technology Pte. Ltd. Ur Materials (ShenZhen) Co., Ltd. CARUX TECHNOLOGY PTE. LTD.	Other related party Other related party An indirect owned subsidiary of Hon Hai Precision Industry An indirect owned subsidiary of Hon Hai Precision Industry An indirect owned subsidiary	Purchases Purchases Purchases Purchases Service revenue	1,509,035 $ 688,500 492,810 103,730 1,288,930	4 2 2 — 100	90 days 90 days 60 days 90 days 60 days	Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions	No material difference No material difference No material difference No material difference No material difference	(353,499) $ (226,435) (125,057) (47,822) 210,408	4 3 2 — 100

Table�5 �,�Page�3

Innolux Corporation and Subsidiaries

Receivables from related parties reaching $100 million or 20% of paid-in capital or more December 31, 2024

Table 6

Expressed in thousands of NTD (Except as otherwise indicated)

		Relationship with the counterparty	Balance as at December 31, 2024	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance sheet date Allowance for doubtful accounts
Creditor	Counterparty		(Note A)		Amount	Action taken
Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Ningbo Innolux Optoelectronics Ltd. Foshan Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd. CarUX Technology Taiwan Inc. CarUX Technology (Shanghai) Ltd. Ningbo Innolux Optoelectronics Ltd.	CARUX TECHNOLOGY PTE. LTD. HONGFUJIN PRECISION ELECTRONICS (YANTAI) CARUX TECHNOLOGY PTE. LTD. Hon Hai Precision Industry Co., Ltd. InnoCare Optoelectronics Corporation Honfujin Precision Electronics (Chongqing) Co., Ltd. Innolux Corporation Innolux Corporation Innolux Corporation CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. Ningbo Innolux Display Ltd.	An indirect owned subsidiary An indirect owned subsidiary of Hon Hai Precision Industry Co., Ltd. An indirect owned subsidiary Other related parties A subsidiary of the Company An indirect owned subsidiary of Hon Hai Precision Industry Co., Ltd. Ultimate parent company Ultimate parent company Ultimate parent company An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary	$ 8,321,615 2,392,488 227,674 (Shown as other receivables) 191,717 147,141 109,070 10,184,836 8,150,410 4,942,598 3,878,823 1,781,866 1,538,526	2.13 3.07 — — 2.96 3.19 1.22 2.58 4.01 3.03 11.66 6.35	$ 5,418,632 — 112,081 3,808 — — 4,865,098 — — — — —	Subsequent collection — Subsequent collection Subsequent collection — — Subsequent collection — — — — —	$ 3,261,587 $ — 460,419 — 5,673 — 62,592 — 96,462 — 64,896 — 3,393,282 — 4,978,748 — 4,942,598 — 3,280,596 — 1,781,866 — 1,518,889 —

Table�6�,�Page�1

		Relationship with the counterparty	Balance as at December 31, 2024	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance sheet date Allowance for doubtful accounts
Creditor	Counterparty		(Note A)		Amount	Action taken
Innocom Technology (Shenzhen) Co., Ltd. Ningbo Innolux Display Ltd. InnoCare Optoelectronics Corporation CarUX Technology (Ningbo) Ltd. CarUX Technology Europe B.V.	Innolux Corporation Ningbo Innolux Optoelectronics Ltd. InnoCare Optoelectronics Japan Co., Ltd. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD.	Ultimate parent company An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary	$ 972,961 428,935 381,414 285,804 210,408	0.29 5.37 4.15 1.98 6.60	$ 952,584 — 130,145 — —	Subsequent collection — Subsequent collection — —	$ — $ — 428,935 — 254,581 — 285,804 — 210,408 —

Note�A：For�the�information�on�receivables�of�loans�to�related�parties�reaching�NT$100�million�or�20%�of�paid-in�capital�or�more,�please�refer�to�Table�1.

Table�6�,�Page�2

Table 7

Innolux Corporation and Subsidiaries

Significant inter-company transactions during the reporting period

For the year ended December 31, 2024

Expressed in thousands of NTD (Except as otherwise indicated)

Number (Note A)	Companyname	Counterparty	Relationship (Note B)		Transaction(Note D and E)	Transaction(Note D and E)	Transaction(Note D and E)
				General ledger account	Amount	Transaction terms(Note C)	Percentage of consolidated total operatingrevenues or total assets
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0	Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation	Innocom Technology (Shenzhen) Co., Ltd. Innocom Technology (Shenzhen) Co., Ltd. Nanjing Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. Foshan Innolux Optoelectronics Ltd. Foshan Innolux Optoelectronics Ltd. Foshan Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd. Ningbo Innolux Display Ltd. Ningbo Innolux Display Ltd. CarUX Technology (Ningbo) Ltd. Innolux USA Inc. InnoCare Optoelectronics Corporation InnoCare Optoelectronics Corporation CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD.	1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1	Processing expense Accrued expenses Processing expense Processing expense Accrued expenses Sales Processing expense Accrued expenses Sales Processing expense Accrued expenses Processing expense Sales Sales Accounts receivable Sales Service revenue Accounts receivable	$ 241,635 (972,961) 1,200,994 11,721,774 (10,184,836) 1,071,777 19,250,370 (8,150,410) 243,990 21,143,886 (4,942,598) 3,173,214 6,486,772 410,147 147,141 19,250,362 238,498 8,321,615	— — — — — 1 — 5 — 3 — — — 9 — 2 — — — 10 — 1 — 1 — 3 — — — — — 9 — — — 2

Table�7�,�Page�1

		Counterparty	Relationship (Note B)		Transaction(Note D and E)	Transaction(Note D and E)
Number (Note A)	Companyname			General ledger account	Amount	Transaction terms(Note C) Percentage of consolidated total operatingrevenues or total assets
0 1 1 2 2 3 3 3 4 4 5 6 6 7 7 7 7 8 9	Innolux Corporation CarUX Technology (Shanghai) Ltd. CarUX Technology (Shanghai) Ltd. CarUX Technology Europe B.V. CarUX Technology Europe B.V. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd. Ningbo Innolux Display Ltd. Innolux Japan Co., Ltd. CarUX Technology Taiwan Inc. CarUX Technology Taiwan Inc. InnoCare Optoelectronics Corporation InnoCare Optoelectronics Corporation InnoCare Optoelectronics Corporation InnoCare Optoelectronics Corporation InnoCare Optoelectronics Japan Co., Ltd. CARUX TECHNOLOGY PTE. LTD.	CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. Ningbo Innolux Display Ltd. Ningbo Innolux Display Ltd. CarUX Technology (Ningbo) Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. Innolux Corporation CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. Ningbo Innolux Electronics Ltd. InnoCare Optoelectronics Japan Co., Ltd. InnoCare Optoelectronics Japan Co., Ltd. InnoCare Optoelectronics USA, INC. InnoCare Optoelectronics Corporation CarUX Technology (Shanghai) Ltd.	1 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3	Other receivables Processing revenue Accounts receivable Service revenue Accounts receivable Sales Accounts receivable Sales Sales Accounts receivable Service revenue Processing revenue Accounts receivable Sales Sales Accounts receivable Sales Sales Sales	$ 227,674 13,260,079 1,781,866 1,288,930 210,408 8,207,649 1,538,526 417,030 1,482,038 428,935 291,773 9,799,026 3,878,823 142,658 788,018 381,414 324,554 128,067 3,627,881	— — — 6 — — — 1 — — — 4 — — — — — 1 — — — — — 5 — 1 — — — — — — — — — — — 2

Table�7�,�Page�2

		Counterparty	Relationship (Note B)		Transaction(Note D and E)	Transaction(Note D and E)
Number (Note A)	Companyname			General ledger account	Amount	Transaction terms(Note C) Percentage of consolidated total operatingrevenues or total assets
10 10	CarUX Technology (Ningbo) Ltd. CarUX Technology (Ningbo) Ltd.	CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD.	3 3	Processing revenue Accounts receivable	$ 282,675 285,804	— — — —

Note A: The information of transactions between the Company and the consolidated subsidiaries should be noted in “Number” column.

(1) Number 0 represents the parent company.

(2) The subsidiaries are numbered in order from number 1.

Note B: 1 refers to the parent company to the subsidiary.

3 refers to the subsidiary to the subsidiary.

Note C: Except for no comparable transactions from related parties, sales prices were similar to non-related parties transactions and the collection period was mainly 30~120 days; the purchases from related parties were at market

prices and payment term was 30~120 days upon receipt of goods.

Note D: Amount disclosure standard: purchases, sales and receivables from related parties in excess of $100 million or 20% of capital.

Note E: For the information on transactions between the Company and the consolidated subsidiaries relating to nature of loan, please refer to Table 1.

Table�7�,�Page�3

Table 8

Innolux Corporation and Subsidiaries

Information on investees

For the year ended December 31, 2024

Expressed in thousands of NTD (Except as otherwise indicated)

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held	as at December 31,2024	as at December 31,2024	Net profit (loss) of the investee for the year ended December 31,2024	Investment income (loss) recognized by the Company for the year ended December 31,2024 Footnote
				Balance as at December 31, 2024	Balance as at December 31, 2023	Number of shares	Ownership (%)	Book value
Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Holding Limited	Innolux Holding Limited Keyway Investment Management Limited Landmark International Ltd. Toppoly Optoelectronics (B.V.I.) Ltd. Innolux Hong Kong Holding Limited Innolux Singapore Holding Pte. Ltd. Yuan Chi Investment Co., Ltd. InnoJoy Investment Corporation InnoCare Optoelectronics Corporation Innolux Japan Co., Ltd. iZ3D, Inc. GIO Optoelectronics Corp. Ampower Holding Ltd. FI Medical Device Manufacturing Co., Ltd. eLux Inc. PanelSemi Corporation Advanced Micro Lux Holding Limited Rockets Holding Limited	Samoa Samoa Samoa BVI Hong Kong Singapore Taiwan Taiwan Taiwan Japan USA Taiwan Cayman Taiwan USA Taiwan Cayman Samoa	Investment holdings Investment holdings Investment holdings Investment holdings Investment holdings Investment holdings Investment company Investment company Holdings, R&D, manufacturing and sales company Holdings, R&D and sales company Research and development and sale of 3D flat monitor Holdings, R&D, manufacturing and sales company Investment holdings Production and selling of the absorption for medical element R&D of MicroLED technology R&D,design, manufacturing and sales of electronic parts Holdings, R&D company Investment holdings	$ 7,618,559 62,197 33,438,542 3,674,115 3,231,780 754,943 1,217,235 1,674,054 197,753 1,682,751 — 451,168 844,091 73,500 91,155 250,000 200,000 5,222,180	$ 7,618,559 62,197 33,438,542 3,674,115 3,231,780 754,943 1,217,235 1,674,054 202,000 1,682,751 — 451,168 844,091 73,500 91,155 250,000 — 5,222,180	225,568,185 1,656,410 709,450,000 146,847,000 1,158,844,000 25,400,000 — 175,409,859 20,200,000 98 4,333 41,288,528 1 7,350,000 300,000 25,000,000 20,000,000 160,504,550	100 100 100 100 100 100 100 100 49 54 35 76 50 49 28 44 67 100	$ 19,938,177 126,052 63,921,723 5,831,180 11,740,837 175,905 894,781 3,104,606 673,830 2,216,217 — 345,863 47,408 304,306 — 104,639 229,024 8,455,090	$ (245,813) 7,660 3,734,894 (1,327,584) 2,080,076 5,479 26,916 82,422 152,939 204,071 — (50,444) (15,723) 104,558 (49,898) (111,196) 1,392 (256,221)	$ (245,813) 7,660 3,734,894 (1,327,584) 2,079,741 5,479 26,916 82,422 76,216 111,097 — (42,053) (7,861) 51,233 — (49,961) 928 (256,221)

Table�8 �,�Page�1

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held	as at December 31,2024	as at December 31,2024	Net profit (loss) of the investee for the year ended December 31,2024	Investment income (loss) recognized by the Company for the year ended December 31,2024 Footnote
				Balance as at December 31, 2024	Balance as at December 31, 2023	Number of shares	Ownership (%)	Book value
Innolux Holding Limited Toppoly Optoelectronics (B.V.I.) Ltd. Innolux Hong Kong Holding Limited Innolux Hong Kong Holding Limited CarUX Holding Limited CarUX Holding Limited CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. Innolux Japan Co., Ltd. Rockets Holding Limited Suns Holding Ltd CarUX Technology Europe B.V. Innolux Singapore Holding Pte. Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. InnoJoy Investment Corporation	Suns Holding Ltd Toppoly Optoelectronics (Cayman) Ltd. Innolux Japan Co., Ltd. CarUX Holding Limited CARUX TECHNOLOGY PTE. LTD. Ultimate Fantasy Limited CarUX Technology Hong Kong Holding Limited CarUX Technology Europe B.V. CarUX Technology Taiwan Inc. Innolux USA Inc. Stanford Developments Limited Warriors Technology Investments Ltd CarUX Technology Germany GmbH INNOLUX OPTOELECTRONICS INDIA PRIVATE LIMITED INNOLUX OPTOELECTRONICS INDIA PRIVATE LIMITED GIO Optoelectronics Corp. InnVasLinx Inc. Inno Capital Corporation	Samoa Cayman Japan Cayman Singapore BVI Hong Kong Netherlands Taiwan USA Samoa Samoa Germany India India Taiwan Taiwan Taiwan	Investment holdings Investment holdings Holdings, R&D and sales company Investment holdings Holdings and sales company Investment holdings Investment holdings Holding, sales and R&D testing company manufacturing and sales company Sales company Investment holdings Investment company Testing and maintenance company Sales company Sales company Holdings, R&D, manufacturing and sales company E-Paper Module/Assembly Investment company	$ 555,422 3,650,192 1,815,603 3,720,612 6,536,399 3 1,818,180 464,341 1,500,000 369,092 5,391,125 555,422 33,735 607,284 — 858 6,829 15,000	$ 555,422 3,650,192 1,815,603 3,772,473 3,875,499 3 1,818,180 464,341 1,500,000 369,092 5,391,125 555,422 33,735 607,284 — 858 6,829 15,000	18,177,052 146,817,000 82 123,634,371 210,431,749 — 162,897,802 375,810 150,000,000 12,842 164,000,000 18,177,052 100,000 144,095,499 1 77,235 674,207 1,700,404	100 100 46 86 100 — 100 100 100 100 100 100 100 100 — — 22 100	$ 5,651,060 5,830,797 1,854,718 8,115,610 9,062,462 5 2,883,729 628,274 2,508,131 1,483,535 8,450,204 5,651,058 28,632 7,164 — 659 7,896 29,380	$ 9,440 (1,327,584) 204,071 2,122,534 2,136,663 1 470,030 62,552 351,588 136,313 (256,222) 9,440 686 (15) (15) (50,444) 4,398 11,384	$ 9,440 (1,327,584) 92,974 1,933,695 2,136,663 1 441,896 62,552 270,934 136,313 (256,222) 9,440 686 (15) — (72) 1,867 11,384

Table�8 �,�Page�2

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held	as at December 31,2024	as at December 31,2024	Net profit (loss) of the investee for the year ended December 31,2024	Investment income (loss) recognized by the Company for the year ended December 31,2024 Footnote
				Balance as at December 31, 2024	Balance as at December 31, 2023	Number of shares	Ownership (%)	Book value
InnoJoy Investment Corporation InnoJoy Investment Corporation Inno Capital Corporation Inno Capital Corporation InnoCare Optoelectronics Corporation InnoCare Optoelectronics Corporation InnoCare Optoelectronics Corporation GIO Optoelectronics Corp. Ultimate Fantasy Limited	CDIB-Innolux Limited Partnership CDIB-Innolux II Limited Partnership CDIB-Innolux Limited Partnership CDIB-Innolux II Limited Partnership InnoCare Optoelectronics Japan Co., Ltd. InnoCare Optoelectronics USA, INC. Innocare Optoelectronics Europe B.V. Double Star Inc. CarUX Holding Limited	Taiwan Taiwan Taiwan Taiwan Japan USA Netherlands Mauritius Cayman	Investment company Investment company Investment company Investment company Sales company Sales company After-sales service company Investment holdings Investment holdings	$ 179,611 198,832 10,902 15,168 87,149 27,963 1,662 298,113 106,560	$ 186,794 — 11,338 — 87,149 27,963 1,662 298,113 106,560	— — — — 30,010 900,000 500 10,000,000 6,843,900	16 13 1 1 100 100 100 100 5	$ 247,896 200,484 15,046 15,294 139,065 35,335 3,945 86,607 —	$ 197,997 12,597 197,997 12,597 17,351 8,670 506 (19,036) 2,122,534	$ 32,621 1,802 1,980 126 17,351 8,670 506 (19,036) —

Table�8 �,�Page�3

Innolux Corporation and Subsidiaries Information on investments in Mainland China For the year ended December 31, 2024

Table 9

Expressed in thousands of NTD (Except as otherwise indicated)

Investee in Mainland China	Main business activities	Paid-in capital (Note A)	Investment method (Note C)	Accumulated amount of remittance from Taiwan to	Amount rem Taiwan to Mai Amount remi Taiwan for th December	itted from nland China/ tted back to e year ended 31, 2024	Accumulated amount of remittance from Taiwan to	Net income of investee for the	Ownership held by the Company (direct or indirect)	Investment income (loss) recognized by the Company for the year	Book value of investments in	Accumulated amount of investment income remitted back	Footnote
				Mainland China as of January 1, 2024	Remitted to Mainland China	Remitted back to Taiwan	Mainland China as of December 31, 2024	year ended December 31, 2024		ended December 31, 2024(Note B)	Mainland China as of December 31, 2024	to Taiwan as of December 31, 2024
Innocom Technology (Shenzhen) Co., Ltd. Ningbo Innolux Optoelectronics Ltd. Foshan Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd. Nanjing Innolux Technology Ltd. Nanjing Innolux Optoelectronics Ltd. CarUX Technology (Shanghai) Ltd. Foshan Innolux Logistics Ltd. GIO (Maanshan) Optoelectronics Co., Ltd.	Manufacturing and selling of LCD backend module and related components	$ 5,376,740	2 2 2 2 2 2 2 2 2	$ 4,160,801	$ —	$ —	$ 4,160,801	$ 190,612	100	$ 190,612	$ 8,450,149	$ 1,215,939	2.1 2.2 2.2 2.2 2.3 2.3 2.4 2.5 2.6
	Manufacturing and selling of LCD backend module and related components	10,163,350 12,556,655 5,245,600 68,849 5,114,460 688,485 49,178 327,850 1,277,024 70,099		241,463 12,556,655 5,245,600 68,849 4,722,207 — 49,178 327,850 — 103,994	— — — — — — — — — —	— — — — — — — —	241,463 12,556,655 5,245,600 68,849 4,722,207 — 49,178 327,850 — 103,994	1,625,302 1,361,312 745,752 6,782 (1,289,045) 470,030 7,361 (19,278)	100 100 100 100 100 86 100 77	1,625,302 1,363,826 745,752 6,782 (1,289,045) 400,667 7,361 (14,763) 163,088 (729)	29,457,278 26,309,042 8,154,132 233,186 5,181,694 2,614,675 120,042 67,542	5,659,837 — — — — — — —
	Manufacturing and selling of LCD backend module and related components
	Manufacturing and selling of LCD backend module and related components Sales of monitor-related components Manufacturing and selling of LCD backend module and related components Manufacturing and selling of LCD backend module and related components Warehousing services Manufacturing
CarUX Technology (Ningbo) Ltd.	Manufacturing and selling of LCD backend module and related components		2			—		216,201	86		1,175,778	—	2.7
Ningbo Innolux Electronics Ltd.	Manufacturing and selling of medical equipment		1			—		(1,497)	49		61,802	—

Table�9�,�Page�1

Ceiling on investments in Mai	nland China:
Companyname	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2024	Investment amount approved by the Investment Commission of the Ministry of Economic Affairs (MOEA)	Ceiling on investments in Mainland China imposed by the Investment Commission of MOEA
Innolux Corporation	$ 26,817,499	$ 33,835,133	(Note D)

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Note A: The relevant figures were listed in NT$. Where foreign currencies were involved, the figures were converted to NT$ using exchange rate.

Note B: Profit or loss recognized for the year ended December 31, 2024 was audited by independent auditors.

Note C: The investment methods are as follows:

Directly investing in Mainland China.
Through investing in companies in the third area, which then invested in the investee in Mainland China.
2.1. Through investing in Stanford Developments Limited in the third area, which then invested in the investee in Mainland China.
2.2. Through investing in Landmark International Ltd. in the third area, which then invested in the investee in Mainland China.
2.3. Through investing in Toppoly Optoelectronics (Cayman) Ltd. in the third area, which then invested in the investee in Mainland China.
2.4. Through investing in CarUX Technology Hong Kong Holding Limited in the third area, which then invested in the investee in Mainland China.
2.5. Through investing in Keyway Investment Management Limited in the third area, which then invested in the investee in Mainland China.
2.6. Through investing in Double Star Inc. in the third area, which then invested in the investee in Mainland China.
2.7. Through investing in CARUX TECHNOLOGY PTE. LTD. in the third area, which then invested in the investee in Mainland China.
Note D: In accordance with “Rules Governing Applications for Investment or Technical Cooperation in Mainland China”, the Company has obtained the certificate of being qualified for operating headquarters, issued by the Industrial Development Bureau of the Ministry of Economic Affairs, the ceiling amount of the investment in Mainland China is not applicable to the Company.

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Table�9�,�Page�2

AI assistant

INX — Audit Report / Information 2024

52330_rns_2024-11-14_3a4715dd-f2d9-42f1-9b28-0aef959a94ea.pdf

INNOLUX CORPORATION AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND

INDEPENDENT AUDITORS’ REPORT

INDEPENDENT AUDITORS’ REPORT

Opinion

Basis for opinion

Key audit matters

Inventory valuation

Description

How our audit addressed the matter

Valuation and impairment of property, plant and equipment and goodwill

Description

How our audit addressed the matter

Other matter – Reference to the audits of other auditors

Other matter – Parent company only financial reports

Responsibilities of management and those charged with governance for the consolidated financial statements

Auditors’ responsibilities for the audit of the consolidated financial statements

PricewaterhouseCoopers, Taiwan

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

INNOLUX CORPORATION AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

YEARS ENDED DECEMBER 31, 2024 AND 2023

1. HISTORY AND ORGANIZATION

STATEMENTS AND PROCEDURES FOR AUTHORIZATION

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

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

(1) Compliance statement

(2) Basis of preparation

(3) Basis of consolidation

(5) Classification of current and non-current items

(9) Financial assets at amortized cost

(12) Derecognition of financial assets

(13) Operating leases (lessor)

(14) Inventories

(21) Impairment of non-financial assets

(22) Borrowings

(24) Financial liabilities at fair value through profit or loss

(25) Derecognition of financial liabilities

(26) Provisions

(27) Employee benefits

B. Pensions

- (28) Employee share based payment

B. Restricted stocks

(29) Income tax

(30) Share capital

(32) Government grants

(33) Operating segments

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

(2) Financial assets and liabilities at fair value through profit or loss

(4) Financial assets at amortized cost

(5) Notes receivable and accounts receivable

(6) Inventories

(7) Investments accounted for under the equity method

(8) Property, plant and equipment

(11) Intangible assets

(12) Non-current assets held for sale

(13) Short-term borrowings

(18) Provisions-current

A. Warranty

B. Litigation and others

(19) Share capital

B. Capital reduction

(21) Retained earnings

(22) Other equity items

(25) Other income

(26) Other gains and losses

(27) Finance costs

INX Audit Report / Information 2024