INX - Audit Report / Information 2024

INNOLUX CORPORATION

PARENT COMPANY ONLY FINANCIAL

STATEMENTS AND INDEPENDENT AUDITORS’

REPORT DECEMBER 31, 2024 AND 2023

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

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INDEPENDENT AUDITORS’ REPORT

To the Board of Directors and Shareholders of Innolux Corporation:

Opinion

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

In our opinion, based on our audits and the reports of other auditors (please refer to the Other matter section), the accompanying parent company only financial statements present fairly, in all material respects, the parent company only financial position of the Company as at December 31, 2024 and 2023, and its parent company only financial performance and its parent company only cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Basis for opinion

We conducted our audits 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 Parent Company Only Financial Statements section of our report. We are independent of the Company in accordance with the Norm of Professional Ethics for Certified Public 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 Company’s 2024 parent company only financial statements. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

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Key audit matters for the Company's 2024 parent company only 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 Company 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).

Innolux Corporation 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 goodwill and property, plant and equipment 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 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 investments accounted for under the equity method, is based solely on the reports of the other auditors. The balances of these investments accounted for under the equity method included in the Company’s financial statements amounted to NT$1,464,752 thousand and NT$ 5,178,107 thousand, constituting 0.4% and 1.5% of the total assets of the Company as at December 31, 2024 and 2023, respectively, and share of profit (including other comprehensive income (loss) of subsidiaries, associates and joint ventures accounted for under equity method included in the Company’s financial statements amounted to NT$151,771 thousand and NT$2,510,409 thousand, constituting 1.3% and (12.4%) of the total comprehensive income (loss) of the Company for the years ended December 31, 2024 and 2023, respectively.

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

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

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

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

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

Our objectives are to obtain reasonable assurance about whether the parent company only financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an 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 parent company only financial statements. As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:

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

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E. Evaluate the overall presentation, structure and content of the parent company only financial statements, including the disclosures, and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
F. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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

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

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INNOLUX CORPORATION

PARENT COMPANY ONLY BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

Assets	Notes	December 31,2024 December 31,2023
Current Assets	6(1) 6(2) 6(4) 6(5) 7 6(12) 7 6(6) 9 6(12) 6(2)
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		$ 38,125,403 $ 34,290,630 192,109 460,767 4,000,000 11,376,036 22,664,895 18,885,236 11,330,891 12,216,032 3,044,322 1,224,024 378,891 629,730 25,657,642 21,955,057 2,081,785 533,787 332,834 — 21,336 18,716 107,830,108 101,590,015 2,423,316 1,937,420 1,340,302 2,432,115 109,654,548 98,340,870 99,877,000 118,890,795 2,651,636 3,304,834 386,579 416,077 17,276,723 17,344,919 2,866,045 2,797,335 5,077,888 6,667,345 241,554,037 252,131,710 $ 349,384,145 $ 353,721,725
1200 Other receivables 1210 Other receivables - related parties 130X Inventory 1410 Prepayments
1460 Non-current assets held for sale
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
	6(3)
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	6(7) 6(8), 7 and 8 6(9) 6(10) 6(11) 6(29) 6(8),(15)and 9
1XXX Total assets

(Continued)

INNOLUX CORPORATION

PARENT COMPANY ONLY BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity	Notes	December 31,2024	December 31,2023
Current Liabilities
2120 Financial liabilities at fair value through profit or loss - current 2170 Accounts payable 2180 Accounts payable - related parties 2200 Other payables 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 2670 Other non-current liabilities 25XX Total non-current liabilities 2XXX Total liabilities Equity 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 3XXX Total equity 3X2X Total liabilities and equity	6(2)	$ 251,022	$ 44,596
	7	22,323,224 23,531,737 21,317,695 3,500,024 395,044 7,768,940 7,188,458 86,276,144 17,221,227 1,738,797 2,400,463 9,976,168	19,868,799 22,515,767 22,119,418 3,344,901 539,873 7,531,427 4,249,204
	6(13) and 7 6(17) and 9 6(14) 6(14) 6(29) 7 6(18) 6(19) 6(20) 6(21) 6(18)
			80,213,985

			30,452,097 1,736,640 3,029,595 10,164,539
		31,336,655 117,612,799	45,382,871
			125,596,856
		79,891,974 105,919,710 13,811,763 7,198,699 28,414,792 (3,408,678) (56,914) 231,771,346 $ 349,384,145

			90,786,334
			103,468,658

			13,811,763
			5,565,152
			21,754,128
			(7,198,699)
			(62,467)
			228,124,869
			$ 353,721,725

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

INNOLUX CORPORATION

PARENT COMPANY ONLY 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	2024 2023
4000 Sales revenue 5000 Operating costs 5900 Net operating margin (loss) 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 7070 Share of profit of subsidiaries, 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 benefit (expense) 8200 Profit (loss) for the year Other comprehensive income (net) Components of other comprehensive income (loss) that will not be reclassified to profit or loss 8311 Remeasurement of defined benefit plans 8316 Unrealized gains on financial assets at fair value through other comprehensive income 8330 Share of other comprehensive loss of subsidiaries, associates and joint ventures accounted for under equity method 8349 Income tax related to components of other comprehensive income (loss) that will not be reclassified to profit or loss 8310 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 8361 Financial statements translation differences of foreign operations 8380 Share of other comprehensive income (loss) of subsidiaries, associates and joint ventures accounted for under equity method 8360 Other comprehensive income (loss) that will be reclassified to profit or loss 8300 Other comprehensive income (loss) for the year, net of tax 8500 Total comprehensive income (loss) for the year Earnings (loss) per share (in dollars) 9750 Basic earnings (loss) per share 9850 Diluted earnings (loss) per share	6(22) and 7 6(6)(27) and 7	$ 181,688,008 $ 178,996,596 (179,667,941) (189,009,988) 2,020,067 (10,013,392) (581,579) (801,603) (3,955,773) (3,789,096) (9,839,817) (9,785,992) (14,377,169) (14,376,691) (12,357,102) (24,390,083) 1,053,912 1,423,725 2,185,314 1,751,375 12,067,381 (1,477,596) (1,040,070) (1,687,857) 4,503,314 6,528,550 18,769,851 6,538,197 6,412,749 (17,851,886) 60,134 (790,653)

	6(27) and 7 6(23) 6(24) and 7 6(25) 6(26) 6(29)
		$ 6,472,883 $ (18,642,539)
		$ 49,541 $ 9,237 1,168,460 79,109 (326,298) (62,452)
	6(15) 6(21) 6(21)
	6(29)	116,086 (16,650)
		1,007,789 9,244 4,595,982 (1,603,247) 7,578 (32,278) 4,603,560 (1,635,525) $ 5,611,349 $ (1,626,281) $ 12,084,232 $ (20,268,820) $ 0.76 $ (2.01) $ 0.75 $ (2.01)

	6(21) 6(7)(21)



	6(30)

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

INNOLUX CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY

YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

	Share Capital					Retained Earnings		Other EquityInterest	Other EquityInterest	Treasuryshares Total $ (602,916) $ 252,475,224 — (18,642,539) — (1,626,281) — (20,268,820) — — 22,625 (4,755,603) — 6,556 — 155,910 — 11,475 517,824 462,786 — 37,341 $ (62,467) $ 228,124,869 $ (62,467) $ 228,124,869 — 6,472,883 — 5,611,349 — 12,084,232 — — 5,553 (10,888,807) — 57,714 — 2,129,720 — 230,490 — — — 33,128 $ (56,914) $ 231,771,346
Notes	Common stock	Capital surplus		Legal reserve		Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income	Treasuryshares Total
6(21) 6(18) 6(19) 6(19) 6(19) 6(18)(19) 6(19) 6(21) 6(20) 6(18) 6(19) 6(19) 6(19) 6(3)(21) 6(19)	$ 95,564,562 — — — — (4,778,228) — — — — — $ 90,786,334 $ 90,786,334 — — — — (10,894,360) — — — — — $ 79,891,974	$ 103,312,414 — — — — — 6,556 155,910 11,475 (55,038) 37,341 $ 103,468,658 $ 103,468,658	$	13,811,763 — — — — — — — — — — 13,811,763 $ 13,811,763	$	3,204,136 — — — 2,361,016 — — — — — — 5,565,152 $ 5,565,152 — — — 1,633,547 — — — — — — $ 7,198,699	$ 42,750,417 (18,642,539) 7,266 (18,635,273) (2,361,016) — — — — — — $ 21,754,128 $ 21,754,128 6,472,883 39,700 6,512,583 (1,633,547) — — — — 1,781,628 — $ 28,414,792	$ (8,173,822) — (1,635,525) (1,635,525) — — — — — — — $ (9,809,347) $ (9,809,347) — 4,603,560 4,603,560 — — — — — — — $ (5,205,787)	$ 2,608,670 — 1,978 1,978 — — — — — — — $ 2,610,648 $ 2,610,648 — 968,089 968,089 — — — — — (1,781,628) — $ 1,797,109



			$		$

		— —		— —
		—		—
		— — 57,714 2,129,720 230,490 — 33,128		— — — — — — —
		$ 105,919,710		$ 13,811,763

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

INNOLUX CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

	Notes	2024 2023
CASH FLOWS FROM OPERATING ACTIVITIES	6(27) 6(16)(27) 6(25) 6(12)(25) 6(25)
Profit (loss) before tax Adjustments Adjustments to reconcile profit (loss) Depreciation and amortization Net gain on financial assets or liabilities at fair value through profit or loss Compensation cost of share-based payments Share of profit of subsidiaries and associates accounted for under equity method Loss (gain) on disposal of property, plant and equipment Gain on disposal of non-current assets held for sale Gain on disposal of intangible assets Non-financial asset impairment loss		$ 6,412,749 $ (17,851,886)
		25,452,824 25,073,738 (491,819) (185,502) 484 187,242 (4,503,314) (6,528,550) 746,325 (33,237) (13,867,712) — (760,748) (60)
	6(8)	998,412 1,535,225
Gain on lease modification		(30) —
Interest income Dividend income Interest expense Foreign exchange loss (gain) Unrealized profit from sale 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 Other receivables - related parties Inventories Prepayments Other current assets Changes in operating liabilities Accounts payable Accounts payable - related parties Other payables Provisions - current Other current liabilities Other non-current liabilities Cash inflow generated from operations Cash paid for income tax Net cash flows from operating activities	6(23) 6(24) 6(26)	(1,053,912) (1,423,725) (49,399) (30,097) 1,040,070 1,687,857 329,350 (131,868) 8,019 394,143 663,872 (359,849) (3,779,659) 5,419,829 885,141 27,068 333,612 (108,918) 164,683 29,859 (3,702,585) 472,299 169,849 (1,033,062) (127) 936 2,454,425 1,892,249 1,015,970 7,446,402 516,712 (3,025,057)
		(188,297) (1,974,117) 1,245,431 (2,647,416) 52,796 128,366
		14,093,122 8,961,869 (36,922) (178,510) 14,056,200 8,783,359
(Continued)

INNOLUX CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

	Notes	2024 2023
CASH FLOWS FROM INVESTING ACTIVITIES 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 equity instruments 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 Proceeds from repayments of financial assets at amortized cost Increase in investment accounted for under equity method Proceeds from capital reduction of investments accounted for under equity method Proceeds from disposal of investments accounted for under equity method Decrease in refundable deposits Proceeds from disposal of non-current assets held for sale Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Proceeds from disposal of intangible assets Interest received Dividends received Net cash flows from (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from long-term borrowings Repayments of long-term borrowings Increase in other non-current liabilities Interest paid Repayment of the principal portion of lease liabilities Treasury shares transferred to employees Cash capital reduction Others Net cash flows used in financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	6(3) 6(31) 6(18) 6(19)	$ (324,149) $ (7,203,079) 141,284 7,462,982 (938,874) (252,029) 3,199,147 — 6,501,650 (5,316,350) 893,594 5,655,818 (200,000) (1,426,050) 4 898,981 — 20,937 454,996 216,789 15,123,758 —
		(13,632,118) (16,366,151) 1,583,096 201,740 66,901 60 1,083,143 1,549,213 126,760 86,580 14,079,192 (14,470,559) — 37,500,000 (13,045,833) (35,002,778) 1,141,778 1,426,050 (994,206) (1,613,495) (545,637) (605,005) — 248,975 (10,888,807) (4,755,603) 32,086 37,341 (24,300,619) (2,764,515) 3,834,773 (8,451,715) 34,290,630 42,742,345 $ 38,125,403 $ 34,290,630

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

INNOLUX CORPORATION NOTES TO THE PARENT COMPANY ONLY 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 engages 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.

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

These parent company only financial statements were authorized for issuance by the Board of Directors on March 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 Company’s financial condition and financial performance based on the Company’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 Company

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

but not yet adopted by the Company 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

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

(3) 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
Company’s financial condition and financial performance based on the Company’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 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 parent company only financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

(1) Compliance statement

These parent company only financial statements are prepared by the Company in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Issuers”.

(2) Basis of preparation

A. Except for the following items, these parent company only financial statements have been prepared under the historical cost convention:
(a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.
(b) Financial assets at fair value through other comprehensive income.
(c) Defined benefit 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 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”) requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the parent company only financial statements are disclosed in Note 5.

(3) Foreign currency translation

Items included in the financial statements are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The parent company only

financial statements are presented in New Taiwan dollars, which is the Company’s functional and 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.
(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 Company 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 Company 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.

(4) Classification of current and non-current items

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

(5) 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.

(6) 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 Company measures the financial assets at fair value and recognizes the transaction costs in profit or loss. The Company subsequently measures the financial assets at fair value, and recognizes the gain or loss in profit or loss.
D. The Company recognizes the dividend income when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Company and the amount of the dividend can be measured reliably.
(7) 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 Company 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 Company measures the financial assets at fair value plus transaction costs. The Company 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 Company and the amount of the dividend can be measured reliably.

(8) Financial assets at amortized cost

A. Financial assets at amortized cost are those that meet all of the following criteria:
(a) The objective of the Company’s business model is achieved by collecting contractual cash flows.
(b) The assets’ contractual cash flows represent solely payments of principal and interest.
B. On a regular way purchase or sale basis, financial assets at amortized cost are recognized and derecognized using trade date accounting.
C. At initial recognition, the Company measures the financial assets at fair value plus transaction costs. Interest income from these financial assets is included in finance income using the effective interest method. A gain or loss is recognized in profit or loss when the asset is derecognized or impaired.
D. The Company’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is immaterial.

(9) Accounts receivable

A. Accounts receivable entitle the Company a legal right to receive consideration in exchange for transferred goods or rendered services.
B. The short-term accounts receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.
(10) Impairment of financial assets
For financial assets at amortized cost, at each reporting date, the Company 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 Company recognizes the impairment provision for lifetime ECLs.

(11) Derecognition of financial assets

The Company 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 Company 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 Company has not retained control of the financial asset.

(12) 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.

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

(14) 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.

(15) Investments accounted for using equity method / subsidiaries and associates

A. Subsidiaries are all entities controlled by the Company. The Company controls an entity when the Company is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity.
B. Inter-company transactions, balances and unrealized gains or losses on transactions between companies within the Company are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Company.
C. The Company's share of its subsidiaries' post-acquisition profits or losses is recognized in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income. When the Company’s share of losses in a subsidiary equals or exceeds its interest in the subsidiary, the Company continues to recognize losses proportionate to its ownership.
D. Associates are all entities over which the Company has significant influence but not control. In general, it is presumed that the investor has significant influence, if an investor holds, directly or indirectly 20 percent or more of the voting power of the investee. Investments in associates are accounted for using the equity method and are initially recognized at cost.
E. The Company’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 Company’s share of losses in an associate equals or exceeds its interest in the associate, the Company does not recognize further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.
F. 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 Company’s ownership percentage of

the associate, the Company recognizes change in ownership interests in the associate in ‘capital surplus’ in proportion to its ownership.
G. When the Company disposes 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 associate are reclassified to profit or loss proportionately in accordance with the aforementioned approach.
H. Unrealized gains on transactions between the Company and its associates are eliminated to the extent of the Company’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 Company.
I. In the case that an associate issues new shares and the Company does not subscribe or acquire new shares proportionately, which results in a change in the Company’s ownership percentage of the associate but maintains significant influence on the associate, then ‘capital surplus’ and ‘investments accounted for under the equity method’ shall be adjusted for the increase or decrease of its share of equity interest. If the above condition causes a decrease in the Company’s ownership percentage of the associate, in addition to the above adjustment, the amounts previously 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.
J. Pursuant to the Regulations Governing the Preparation of Financial Reports by Securities Issuers, profit (loss) of the current period and other comprehensive income in the parent company only financial statements shall equal to the amount attributable to owners of the parent in the financial statements prepared with basis for consolidation. Owners’ equity in the parent company only financial statements shall equal to equity attributable to owners of the parent in the financial statements prepared with basis for consolidation.

(16) 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 Company 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 3~51years Machinery and equipment 5~9 years Other equipment 2 ~6 years

(17) 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 Company. For short-term leases or leases of low-value 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 Company 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; and
(b) Any lease payments made at or before the commencement date.
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.

(18) 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.

(19) 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.
(20) Impairment of non-financial assets
A. The Company assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is 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.
(21) Borrowings
A. Borrowings comprise long-term and short-term bank borrowings and other long-term loans. 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.
(22) 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.

(23) 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 Company measures the financial liabilities at fair value. All related transaction costs are recognized in profit or loss. The Company subsequently measures these financial liabilities at fair value with any gain or loss recognized in profit or loss.

(24) Derecognition of financial liabilities

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

(25) Provisions

Provisions (including warranties, litigations, etc.) are recognized when the Company 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.

(26) 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.

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 Company’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 Company 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.
(27) Employee share based payment

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.

(27) 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 Company 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 parent company only 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.
(29) 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.
(30) Revenue recognition
A. The Company is primarily engaged in manufacture and sale of TFT-LCD panel products. The Company recognizes revenue when the right of control is transferred to the customer when the products are delivered to customer and the Company 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 Company 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.

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

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

Critical accounting estimates and assumptions

The Company 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:

(1) Impairment assessment of goodwill
The impairment assessment of goodwill relies on the Company’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.
(2) Impairment assessment of tangible and intangible assets (excluding goodwill) The Company 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 Company strategy might cause material impairment on assets in the future. Please refer to Note 6(11) for the information on impairment assessment.
(3) Evaluation of inventories
As inventories are stated at the lower of cost and net realizable value, the Company must determine the net realizable value of inventories on balance sheet date using judgments and estimates. Due to the rapid technology innovation, the Company evaluates the amounts of normal inventory consumption, obsolete inventories or inventories without market selling value on balance sheet date, and writes down the cost of inventories to the net 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.

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

TAILS OF SIGNIFICANT ACCOUNTS Cash and cash equivalents
Cash on hand, demand deposits and checking accounts	December 31,2024 December 31,2023
	$ 18,212,588 $ 21,834,230 19,617,750 12,456,400 295,065 — $ 38,125,403 $ 34,290,630
Time deposits
Fixed income financial products in 3 months

A. The Company 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
Beneficiary certificates	$ 188,788 $ — 3,321 396,892
Forward foreign exchange contracts Forward exchange swap contracts
	— 63,875
Non-current items	$ 192,109 $ 460,767

Financial assets mandatorily measured at fair value through profit or loss Listed stocks Unlisted stocks	$ 846,016 $ 886,524
	1,577,300 1,050,896
	$ 2,423,316 $ 1,937,420
Liabilities
Current items
Financial liabilities held for trading Forward foreign exchange contracts
	$ 226,082 $ 44,596 24,940 —
Forward exchange swap contracts
	$ 251,022 $ 44,596

The non-hedging derivative instruments transaction and contract information are as follows:

Derivative financial assets and liabilities	December 31,2024	December 31,2024	December 31,2023
	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	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
Forward foreign exchange contracts	USD (sell) 185,000
	JPY (buy) 28,077,950
Forward foreign exchange contracts	USD (sell) 103,000
	TWD (buy) 3,335,867

Derivative financial assets and liabilities	December 31,2024	December 31,2024	December 31,2023
	Contract Amount (Notional Principal) (in thousands)	Contract Period	Contract Amount (Notional Principal) (in thousands) Contract Period
Current items
Forward foreign exchange contracts		2024/12-2025/03 2024/12-2025/03	TWD (sell) $ 5,708,377 2023/08-2024/05 JPY (buy) 26,350,000 2023/08-2024/05 EUR (sell) 4,700 2023/12-2024/01 USD (buy) 5,176 2023/12-2024/01 HKD (sell) 70,198 2023/12-2024/01 USD (buy) 9,000 2023/12-2024/01 USD (sell) 261,000 2023/10-2024/01 TWD (buy) 8,166,841 2023/10-2024/01 USD (sell) 137,000 2023/11-2024/02 TWD (buy) 4,257,216 2023/11-2024/02

Forward foreign exchange contracts	USD (sell) 67,000 TWD (buy) 2,162,531

Forward foreign exchange contracts			HKD (sell) 70,198 USD (buy) 9,000 USD (sell) 261,000 TWD (buy) 8,166,841 USD (sell) 137,000 TWD (buy) 4,257,216

Forward foreign exchange contracts

Foreign exchange swap contracts

The Company 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 Equity instruments Listed stocks	December 31,2024 December 31,2023


	$ 1,340,302 $ 2,432,115

A. The Company 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 Company sold $3,199,147 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 Company for the years ended December 31, 2024 and 2023, please refer to Note 6(21) “Other equity”.

(4) Financial assets at amortized cost

Company for the years ended December 31, 2024 equity”. Financial assets at amortized cost	and 2023, please refer to Note 6(21) “Other
	December 31,2024 December 31,2023
Current items
Principal guaranteed financial assets Corporate bonds	$ 4,000,000 $ 10,500,000 — 876,036
	$ 4,000,000 $ 11,376,036

A. The Company recognized $49,863 and $361,175 of interest income arising from the financial assets at amortized cost for the years ended December 31, 2024 and 2023, respectively.

B. The Company 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) Accounts receivable

counterparty defaults is remote. Accounts receivable
Accounts receivable	December 31,2024 December 31,2023
	$ 22,927,459 $ 19,147,800
Less: Allowance for uncollectible accounts	(262,564) (262,564)
	$ 22,664,895 $ 18,885,236
A. The aging analysis of accounts receivable is as follows: December 31,2024 December 31,2023 Not past due $ 21,461,033 $ 18,737,602 Up to 60 days 930,948 406,529 61 to 180 days 534,400 — Over 180 days 1,078 3,669 $ 22,927,459 $ 19,147,800 The above aging analysis was based on past due date.

B. As of December 31, 2024 and 2023, accounts receivable were all from contracts with customers. As of January 1, 2023, the balance of receivables from contracts with customers amounted to $24,731,160.
C. Information relating to credit risk of accounts receivable is provided in Note 12(2).

(6) Inventories

Inventories
Raw materials and supplies Work in progress Finished goods	December 31,2024 December 31,2023
	$ 2,415,858 $ 2,465,471
	11,083,062 10,389,342 12,158,722 9,100,244
	$ 25,657,642 $ 21,955,057

For the years ended December 31, 2024 and 2023, the Company recognized cost of goods sold for inventories that have been sold at $180,358,284 and $189,106,358 and recognized net inventory gain at $690,343 and $96,370 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

to net realizable value, respectively. Investments accounted for under the equity method
Subsidiaries: Landmark International Ltd. Innolux Holding Limited Innolux Hong Kong Holding Limited Toppoly Optoelectronics (B.V.I.) Ltd. Others Associates: FI Medical Device Manufacturing Co., Ltd. PanelSemi Corporation Others	December 31,2024 December 31,2023
	$ 63,921,723 $ 57,300,651 19,938,177 19,508,728 11,740,837 7,029,733 5,831,180 6,814,039
	7,766,278 7,235,060

	304,306 308,214
	104,639 95,884
	47,408 48,561
	$ 109,654,548 $ 98,340,870

A. The Company’s subsidiaries

Details of the Company’s subsidiaries are provided in Note 4(3) of the Company’s consolidated financial statements as of and for the year ended December 31, 2024.

B. The Company’s associates

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

Loss for the year from continuing operations Other comprehensive income (loss) - net of tax Total comprehensive income (loss)	Years ended December 31, 2024 2023 $ (6,589) $ (9,045) 7,578 (32,278) $ 989 $ (41,323)

(8) Property, plant and equipment

			2024
Cost: Land Buildings Machinery and equipment Other equipment	At January1	Additions	Disposals	Transfer At December 31
	$ 3,852,792 182,425,806 501,547,345 43,748,681	$ — 697,316 1,655,141	$ — (994,790) (35,775,818) (3,698,284)	$ — $ 3,852,792 (16,850,637) 165,277,695 9,118,887 476,545,555 2,269,443 42,324,545
		4,705
Accumulated depreciation and impairment: Buildings Machinery and equipment Other equipment Unfinished construction and equipment under acceptance	731,574,624	2,357,162	(40,468,892)	(5,462,307)	688,000,587

	(142,048,832)	(5,489,069)	989,648	15,738,015 169,729 23,163	(130,810,238) (424,976,591) (38,551,323)
	(441,052,420)	(17,524,683)	33,430,783
	(39,319,783)	(2,888,231)	3,633,528
	(622,421,035)	(25,901,983)	38,053,959	15,930,907 (594,338,152)
	9,737,206	10,220,840	—	(13,743,481)	6,214,565
	$ 118,890,795			$ 99,877,000

			2023
	At January1	Additions	Disposals	Transfer At December 31
Cost:	$ 3,852,792 181,146,039 488,276,521 43,068,716	$ — 760,822 3,303,543 2,925	$ — (1,750,242) (4,731,821) (2,337,701)	$ — $ 3,852,792 2,269,187 182,425,806 14,699,102 501,547,345 3,014,741 43,748,681
Land
Buildings
Machinery and equipment
Other equipment
Accumulated depreciation and impairment:	716,344,068	4,067,290	(8,819,764)	19,983,030 731,574,624

Buildings Machinery and equipment Other equipment	(137,813,363) (428,568,266) (38,528,249)	(5,985,657) (16,943,073) (3,112,417)	1,750,188 4,448,539 2,330,175	— (142,048,832) 10,380 (441,052,420) (9,292) (39,319,783)
	(604,909,878)	(26,041,147)	8,528,902	1,088 (622,421,035)
Unfinished construction and equipment under acceptance	14,144,397	12,882,130	—	(17,289,321) 9,737,206
	$ 125,578,587			$ 118,890,795

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 $901,320, 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 Company leases various assets including land. Rental contracts are typically made for periods of 7 to 22 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 and equipment. Lowvalue assets comprise computer equipment.
C. The carrying amount of right-of-use assets and the depreciation charge are as follows:

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 and equipment. Low- value assets comprise computer equipment. C. The carrying amount of right-of-use assets and the depreciation charge are as follows:	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 and equipment. Low- value assets comprise computer equipment. C. The carrying amount of right-of-use assets and the depreciation charge are as follows:	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 and equipment. Low- value assets comprise computer equipment. C. The carrying amount of right-of-use assets and the depreciation charge are as follows:
December 31,2024 December 31,2023 Carryingamount Carryingamount Land $ 2,651,636 $ 3,304,834 Years ended December 31, 2024 2023 Depreciation Charge Depreciation Charge Land $ 426,388 $ 450,356 D. The information on profit and loss accounts relating to lease contracts is as follows:
		Years ended December 31, 2024 2023
	Items affecting profit or loss
	Expense on variable lease payments	$ 61,541 $ 65,041
	Interest expense on lease liabilities	60,212 69,314
	Expense on short-term lease contracts	30,805 17,203
	Expense on leases of low-value assets	2,767 8,461

E. For the years ended December 31, 2024 and 2023, the Company’s total cash outflow for leases were $711,164 and $758,057, respectively.

(10) Investment property

Investment property
		2024
	At January 1	Additions	Transfer At December 31
Cost: Land Buildings Accumulated depreciation and impairment:	$ 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

		2023	2023
	At January 1	Additions	Transfer At December 31
Cost: Land Buildings Accumulated depreciation and impairment:	$ 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 Company 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:

			2024
Cost: Patents and royalty Goodwill Others	At January1	Additions	Disposals	Transfer At December 31
	$ 8,230,654 17,096,628 3,922,859	$ — — —	$ — — (91,436)	$ — $ 8,230,654 — 17,096,628 27,166 3,858,589
	29,250,141	—	(91,436)	27,166 29,185,871
Accumulated amortization and impairment:
Patents and royalty	(8,208,741) (3,696,481)	(17,186) (77,890)	— 91,150	— (8,225,927) — (3,683,221)
Others
	(11,905,222)	(95,076)	91,150	— (11,909,148)
	$ 17,344,919	$ (95,076)	$ (286)	$ 27,166	$ 17,276,723

			2023
	At January1	Additions	Disposals	Transfer At December 31
Cost: Patents and royalty Goodwill Others	$ 8,229,854 17,096,628 4,202,301	$ — — —	$ — — (371,927)	$ 800 $ 8,230,654 — 17,096,628 92,485 3,922,859
	29,528,783	—	(371,927)	93,285 29,250,141
Accumulated amortization and impairment:
Patents and royalty	(8,188,585) (3,997,805)	(20,156) (69,515)	— 371,927	— (8,208,741) (1,088) (3,696,481)
Others
	(12,186,390)	(89,671)	371,927	(1,088) (11,905,222)
	$ 17,342,393	$ (89,671)	$ —	$ 92,197 $ 17,344,919

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

Operating costs Operating expenses	Years ended December 31,
	2024 2023 $ 31,327 $ 30,410 63,929 58,762
	$ 95,256 $ 89,172

C. The Company is primarily engaged in the manufacture of TFT-LCD products, which is a single cash-generating unit. The Company 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 amounting to 332,834.

(13) Other payables

332,834. Other payables	332,834. Other payables
		December 31,2024 December 31,2023
Other personnel expenses Repairs and maintenance and utilities expense payable Payable on machinery and equipment Other payables Long-term borrowings		$ 6,956,263 $ 6,358,006
		3,627,670 3,309,689
		3,051,836 4,105,952
		7,681,926 8,345,771
		$ 21,317,695 $ 22,119,418
		December 31, 2024 December 31, 2023 $ 24,500,000 $ 37,500,000 551,389 597,222 (61,222) (113,698) (7,768,940) (7,531,427) $ 17,221,227 $ 30,452,097 1.50%~2.87% 1.38%~2.68%
Type of borrowings	Period	December 31, 2024	December 31, 2023
Syndicated bank borrowings	2023/3/20 ~2026/3/24 2021/12/2 ~2026/11/15	$ 24,500,000 551,389	$ 37,500,000
Unsecured borrowings			597,222
Less: Administrative expenses charged by syndicated banks		(61,222)	(113,698)
Current portion (includes administrative expenses) Range of interest rates

- (14) Long term borrowings

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 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.

(15) Pensions

A. Defined benefit pension plan
(a) The Company has 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 contributes monthly an amount equal to 2% of the employees’ monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, the Company would assess the balance in the aforementioned 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 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
Present value of defined benefit obligation Fair value of plan assets Net defined benefit asset	$ 242,083 $ 241,458
	(575,191) (527,003)
	$ (333,108) $ (285,545)

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

	$ 241,458 5,405 2,897 8,302 — (9,680) 7,193 (5,190) (7,677) Present value of defined benefit obligation	$ 527,003 $ (285,545) — 5,405 6,324 (3,427) 6,324 1,978 47,054 (47,054) — (9,680) — 7,193 (5,190) — 41,864 (49,541) $ 575,191 $ (333,108) Fair value of plan assets Net defined benefit asset Fair value of plan assets Net defined benefit asset $ 516,912 $ (278,020) — 5,326 6,720 (3,614) 6,720 1,712 17,769 (17,769) — 2,543 — 5,989 (14,398) — 3,371 (9,237) $ 527,003 $ (285,545)
Year ended December 31, 2024 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 financial assumptions Experience adjustments Paid pension Balance at December 31
	$ 242,083
	Present value of defined benefit obligation $ 238,892 5,326 3,106 8,432 — 2,543 5,989 (14,398) (5,866) $ 241,458

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 financial assumptions Experience adjustments Paid pension Balance at December 31

(e) The Bank of Taiwan was commissioned to manage the Fund of the Company’s 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-thecounter, 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 after being authorized by the Regulator. The Company has no right to participate in managing and operating that fund and hence the Company is unable to disclose the classification of plan 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:

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

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% $ (5,764) $ 5,982 Discount rate Increase 0.25% Decrease 0.25% $ (6,286) $ 6,530	Future salaryincreases
		Increase 0.25% Decrease 0.25% $ 5,315 $ (5,155) Future salaryincreases
	Increase 0.25% $ (6,286)	Increase 0.25% Decrease 0.25% $ 5,832 $ (5,653)

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 years.
(h) During the years ended December 31, 2024 and 2023, the subsidiary of the Company recognized other comprehensive income (loss) amounting to $67 and ($124) for remeasurements arising from the defined benefit plan, respectively.
B. Defined contribution pension plan
(a) Effective July 1, 2005, the Company has 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.

  - (b) The pension costs under the defined contribution pension plan of the Company for the years ended December 31, 2024 and 2023 were $860,425 and $905,792, respectively.

(16) Share-based payment
A. For the year ended December 31, 2024, the share-based payment arrangements of the Company were as follows. Refer to Note 6(17) of the consolidated financial statements for the year ended December 31, 2024 for the information regarding the share-based payment arrangements of the Company’s subsidiaries.

Type of loans arrangement	Grant date	Quantity granted (in thousand units)	Contract period (inyears) Vesting conditions
Treasury stock transferred to employees	2023/10/26	40,418	— Vested immediately

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

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

Type of loans arrangement		Price	Exercise Price	Fair value per unit (in dollars)
	Grant Date	(in dollars)	(in dollars)
Treasury stock transferred to employees	2023/10/26	$ 11.80	$ 6.51	$ 5.29

C. For the years ended December 31, 2024 and 2023, the Company recognized expenses on sharebased payment transaction (equity settlement) amounting to $484 and $187,242, respectively.

(17) Provisions-current

Provisions-current
At January 1, 2024 Additions during the year Used (unused amounts reversed) during the year At December 31, 2024	Warranty $ 1,666,303 391,457 (702,614)	Litigation and others Total $ 1,678,598 $ 3,344,901
		466,280 857,737
		— (702,614)
	$ 1,355,146	$ 2,144,878 $ 3,500,024

A. Warranty

The Company 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 Company are related to patents of TFT-LCD panel products. For information on estimation of provisions, please refer to Note 9(1).

(18) 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:

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

shares are as follows:
	2024		2023
	Number of ordinary shares (in thousands)	Book value	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.

  - (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.

(19) 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.

			20	24
	Share premium	Treasury share transactions	Changes in ownership interests in subsidiaries	Share of profit (loss) of associates accounted for under equity method	Difference between proceeds on acquisition or disposal of equity interest in a subsidiary and its carrying amount Total
At January 1 Recognition of changes in ownership interests in subsidiaries Recognition of change in equity of associates in proportion to the Company's ownership	$ 100,054,920 — — — 33,128	$ 3,117,490 — — — —	$ 172,563 2,129,720 — — —	$ 48,080 — 57,714 — —	$ 75,605 $ 103,468,658 — 2,129,720 — 57,714 230,490 230,490 — 33,128
Difference between consideration and carrying amount of subsidiaries disposed
Others
At December 31	$ 100,088,048	$ 3,117,490	$ 2,302,283	$ 105,794	$ 306,095 $ 105,919,710

2023

	Share premium	Treasury share transactions	Changes in ownership interests in subsidiaries	Share of profit (loss) of associates accounted for under equity method	Difference between proceeds on acquisition or disposal of equity interest in a subsidiary and its carrying amount Total
At January 1 Recognition of changes in ownership interests in subsidiaries Recognition of change in equity of associates in proportion to the Company's ownership	$ 100,006,693 — — 10,886 — 37,341	$ 3,183,414 — — (65,924) — —	$ 16,653 155,910 — — — —	$ 41,524 — 6,556 — — —	$ 64,130 $ 103,312,414 — 155,910 — 6,556 — (55,038) 11,475 11,475 — 37,341
Treasury shares transferred to employees
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

(20) 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 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 adjusted based on financial, business and operational factors.
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:

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

(21) Other equity items

Other equity items
At January 1 Revaluation - gross Disposal of investments in equity instruments measured at fair value through other comprehensive income Currency translation differences Share of other comprehensive income (loss ) of subsidiaries and associates Effect of income tax At December 31 At January 1 Revaluation - gross Currency translation differences Share of other comprehensive loss of subsidiaries and associates Effect of income tax At December 31		2024
	Currency translation $ (9,809,347) — — 4,595,982 7,578 — $ (5,205,787)	Financial assets at fair value through other comprehensive income Total $ 2,610,648 $ (7,198,699) 1,168,460 1,168,460 (1,781,628) (1,781,628) — 4,595,982 (326,365) (318,787) 125,994 125,994 $ 1,797,109 $ (3,408,678) 2023
	Currency translation $ (8,173,822) — (1,603,247) (32,278) — $ (9,809,347)	Financial assets at fair value through other comprehensive income Total $ 2,608,670 $ (5,565,152) 79,109 79,109 — (1,603,247) (62,328) (94,606) (14,803) (14,803) $ 2,610,648 $ (7,198,699)

(22) Operating income

Operating income
	Years ended December 31,
	2024 2023
TFT-LCD products	$ 181,688,008 $ 178,996,596

The Company derives revenue from the transfer of goods at a point in time.

(23) Interest income

Interest income	Interest income
		Years ended December 31,
		2024 2023 $ 1,004,049 $ 1,062,550 49,863 361,175
Interest income from bank deposits
Interest income from financial assets at amortized cost
		$ 1,053,912 $ 1,423,725
	Other income
		Years ended December 31,
		2024 2023
Service revenue Rental revenue Compensation income Dividend income Other income		$ 573,067 $ 838,791
		187,690 183,393 59,142 110,023 49,399 30,097 1,316,016 589,071
		$ 2,185,314 $ 1,751,375
	Other gains and losses
		Years ended December 31,
		2024 2023
Gain on disposal of non-current assets held for sale Net loss on financial assets and liabilities at fair value through profit or loss		$ 13,867,712 $ —
		(1,579,281) (1,968,200)
Net currency exchange gain		1,072,187 373,524
Gain on disposal of intangible assets (Loss) gain on disposal of property, plant and equipment		760,748 60 (746,325) 33,237
Other (losses) gains		(1,307,660) 83,783
		$ 12,067,381 $ (1,477,596)
	Finance costs
		Years ended December 31,
		2024 2023
Interest expense: Bank borrowings Others
		$ 958,045 $ 1,596,100
		82,025 91,757
		$ 1,040,070 $ 1,687,857

(24) Other income

(25) Other gains and losses

(26) Finance costs

(27) Expenses by nature

Expenses by nature
	Years ended December 31,
	2024 2023
Employee benefit expense: Salaries and other short-term employee benefits Post-employment benefits Share-based payments Depreciation Amortization
	$ 23,139,902 $ 22,833,454
	862,403 907,504 484 187,242 25,357,568 24,984,566 95,256 89,172
	$ 49,455,613 $ 49,001,938

(28) 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.

(29) Income tax

A. Income tax (benefit) expense
(a) Components of income tax (benefit) expense:

website of the Taiwan Stock Exchange. e tax ome tax (benefit) expense Components of income tax (benefit) expense:
	Years ended December 31,
	2024 2023
Current tax: Current tax on profit for the year Prior year income tax overestimation Total current tax Deferred tax: Origination and reversal of temporary differences	$ 4,547 $ 2,506
	(114,214) (79,644) (109,667) (77,138) 49,533 867,791
Income tax (benefit) expense	$ (60,134) $ 790,653

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

follows:
	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	9,908 1,847
	$ (116,086) $ 16,650

B. Reconciliation between income tax (benefit) 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 Change in assessment of realization of deferred tax assets Income tax (benefit) expense	$ 1,282,549 $ (3,570,377)
	(671,414) (1,304,441) (114,214) (79,644) 4,547 2,506
	(561,602) 5,742,609
	$ (60,134) $ 790,653

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: Unrealized gain on financial instruments Amortization charges on goodwill Others	January1	Recognized in profit or loss	Recognized in other comprehensive income December 31

	$ 371,195	$ 347,227 (275,944) 96,365 49,540 (148,478) $ 68,710 $ (21,732) (96,905) 394	$ — $ 718,422
	1,192,424 39,550 517,343 676,823		— 916,480 — 135,915 — 566,883 — 528,345
	$ 2,797,335		$ — $ 2,866,045

	$ (343,047)		$ 125,994 $ (238,785)
	(1,336,484) (57,109)		— (1,433,389) (9,908) (66,623)
	$ (1,736,640) $ 1,060,695	$ (118,243) $ (49,533)	$ 116,086 $ (1,738,797) $ 116,086 $ 1,127,248

		2023	2023
Deferred tax assets: -Temporary differences: Sales returns and discount provisions Accrued royalties and warranty provisions Unrealized exchange loss Unrealized loss on financial instruments Others	January1	Recognized in profit or loss	Recognized in other comprehensive income December 31
	$ 549,598 1,731,651 68,369 517,343 646,496 $ 3,513,457 (273,138) (1,239,579) (55,604) $ (1,568,321) $ 1,945,136	$ (178,403) (539,227) (28,819) — 30,327 $ (716,122) (55,106) (96,905) 342 $ (151,669) $ (867,791)	$ — $ 371,195 — 1,192,424 — 39,550 — 517,343 — 676,823 $ — $ 2,797,335 (14,803) (343,047) — (1,336,484) (1,847) (57,109) $ (16,650)$ (1,736,640) $ (16,650) $ 1,060,695
- Deferred tax liabilities:
Unrealized gain on financial instruments
Amortization charges on goodwill
Others

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 $ 21,135,051 $ 12,722,712 33,377,280 33,377,280 27,142,456 27,142,456 $ 81,654,787 $ 73,242,448 December 31,2023		Unrecognized deferred tax assets Usable untilyear $ 12,722,712 2029 33,377,280 2032 27,142,456 2033 $ 73,242,448
Year incurred 2016 2019 2022 2023	Amount filed / assessed $ 1,051,680 21,206,403 33,476,537 27,410,458 $ 83,145,078	Unused amount $ 1,051,680 21,206,403 33,476,537 27,410,458 $ 83,145,078	Unrecognized deferred tax assets Usable untilyear $ 1,051,680 2026 21,206,403 2029 33,476,537 2032 27,410,458 2033 $ 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 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.

(30) Earnings (loss) per share

)Earnings (loss) per share
Basic earnings per share Net income for the year Diluted earnings per share Net income for the year Assumed conversion of all dilutive potential ordinary shares -Employees’compensation Profit attributable to ordinary shareholders plus assumed conversion of all dilutive potential ordinary shares	Year ended December 31,2024 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 $ 6,472,883 8,584,466 $ 0.75 Year ended December 31,2023 Amount after tax Weighted average number of ordinary shares outstanding (shares in thousands) Loss per share (in dollars) $ (18,642,539) 9,291,353 $ (2.01)

	Amount after tax $ (18,642,539)
Basic and diluted loss per share Net loss for the year

(31) Supplemental cash flow information

Investing activities with partial cash payments:

after tax Basic and diluted loss per share Net loss for the year $ (18,642,539) )Supplemental cash flow information Investing activities with partial cash payments:	(shares in thousands) (in dollars) 9,291,353 $ (2.01)
	Years ended December 31, 2024 2023
Purchase of property, plant and equipment Add: Opening balance of payable on equipment Less: Ending balance of payable on equipment Cash paid during the year	$ 12,578,002 $ 16,949,420 4,105,952 3,522,683 (3,051,836) (4,105,952) $ 13,632,118 $ 16,366,151

7. RELATED PARTY TRANSACTIONS

(1) Names and relationship of related parties

Add: Opening balance of payable on equipment Less: Ending balance of payable on equipment Cash paid during the year LATED PARTY TRANSACTIONS Names and relationship of related parties	4,105,952 3,522,683 (3,051,836) (4,105,952) $ 13,632,118 $ 16,366,151
Names of relatedparties	Relationshipwith the Company
Hon Hai Precision Industry Co., Ltd. and its subsidiaries	Other related party
Perfect Intelligent Technology Limited	Other related party
InnVasLinx Inc.	Associate
VISIONATICS INC. (Note 1)	Other related party
best Epitaxy Manufacturing Company Ltd.	Other related party
Epileds Technologies, Inc.	Other related party
PanelSemi Corporation	Associate
InnVasLinx Inc.	Associate
FI Medical Device Manufacturing Co., Ltd.	Associate
eLux Inc.	Associate
CarUX Technology Taiwan Inc.	The Company’s subsidiary
Foshan Innolux Optoelectronics Ltd.	The Company’s subsidiary
Ningbo Innolux Optoelectronics Ltd.	The Company’s subsidiary
Ningbo Innolux Display Ltd.	The Company’s subsidiary

Names of relatedparties	Relationshipwith the Company
Nanjing Innolux Optoelectronics Ltd.	The Company’s subsidiary
GIO Optoelectronics Corp.	The Company’s subsidiary
Innocom Technology (Shenzhen) Co., Ltd.	The Company’s subsidiary
Inno Capital Corporation	The Company’s subsidiary
CarUX Technology (Ningbo) Ltd.	The Company’s subsidiary
InnoCare Optoelectronics Corporation	The Company’s subsidiary
CarUX Technology Europe B.V.	The Company’s subsidiary
CARUX TECHNOLOGY PTE. LTD.	The Company’s subsidiary
Innolux Holding Limited	The Company’s subsidiary
Innolux Hong Kong Holding Limited	The Company’s subsidiary
Innolux Japan Co., Ltd.	The Company’s subsidiary
Innolux USA Inc.	The Company’s subsidiary
Warriors Technology Investments Ltd	The Company’s subsidiary

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

For more information about the Company and other subsidiaries, please refer to Note 4(3) of the consolidated financial statements for the year ended December 31, 2024.

(2) Significant related party transactions

A. Operating revenue

gnificant related party transactions Operating revenue
	Years ended December 31,
	2024 2023
Sales of goods: Subsidiaries -CARUX TECHNOLOGY PTE. LTD. -Others Other related parties Associates

	$ 19,250,362 $ 19,534,737 8,233,316 10,473,356 4,377,936 1,532,106 173,557 371,620
	$ 32,035,171 $ 31,911,819

The collection period was mainly 30~120 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

significantly different from those of sales to third parties. Purchases of goods
	Years ended December 31,
	2024 2023
Purchases of goods:
Other related parties	$ 173,170 $ 309,054
Subsidiaries	54,220 45,663
Associates	14,139 26,635
	$ 241,529 $ 381,352

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.

~48~

C. Consigned processing

(a) Consigned processing

nsigned processing Consigned processing
	Years ended December 31,
	2024 2023
Processing expense: Subsidiaries

- Ningbo Innolux Display Ltd.	$ 21,143,886 $ 20,764,100
- Foshan Innolux Optoelectronics Ltd. 19,250,370 20,669,257 - Others 16,345,880 21,798,962 Other related parties 1,165 25,937 $ 56,741,301 $ 63,258,256 Balance of consigned processing at the end of year (shown as “other payables”) December 31, 2024 December 31, 2023 Payables to related parties: Subsidiaries $ 976,391 $ 716,950 Other related parties 14,792 87,490 $ 991,183 $ 804,440	19,250,370 20,669,257
	16,345,880 21,798,962 1,165 25,937
	$ 56,741,301 $ 63,258,256
	$ 976,391 $ 716,950
	14,792 87,490
	$ 991,183 $ 804,440

(b) Balance of consigned processing at the end of year (shown as “other payables”)

The Company subcontracted the processing of products of associates in Mainland China. The processing fees were mainly charged based on cost plus method.

D. Service revenue (Shown as “other revenue”)

E. F.	Service revenue: Subsidiaries - CARUX TECHNOLOGY PTE. LTD. - Others Associates Other related parties Service expense (Shown as“manufacturing costs and	Years ended December 31,
		2024 2023


		$ 238,498 $ 209,686
		64,397 49,099
		91,143 119,752
		— 3,707
		$ 394,038 $ 382,244
		operating expenses”) Years ended December 31,
	Service expense: Subsidiaries Receivables from related parties Accounts receivable: Subsidiaries - CARUX TECHNOLOGY PTE. LTD. - Others Other related parties Associates
		2024 2023

		$ 298,165 $ 293,269

		December 31,2024 December 31,2023


		$ 8,321,615 $ 9,750,923
		266,476 2,049,928 2,725,506 339,909
		17,294 75,272
		$ 11,330,891 $ 12,216,032

~49~

The receivables from related parties arise mainly from sales transactions. The receivables are due 30~120 days after the date of sale. The receivables are unsecured in nature and bear no interest.

G. Other receivables from related parties

interest. Other receivables from related parties
	December 31,2024 December 31,2023
Other receivables:
Subsidiaries
- CARUX TECHNOLOGY PTE. LTD.	$ 227,674 $ 198,813
- CarUX Technology Taiwan Inc.	68,791 322,774
- Others Associates Other related parties Payables to related parties	69,513 89,574
	10,738 16,153
	2,175 2,416
	$ 378,891 $ 629,730

	December 31,2024 December 31,2023
Accounts payable: Subsidiaries - Ningbo Innolux Optoelectronics Ltd. - Foshan Innolux Optoelectronics Ltd. - Ningbo Innolux Display Ltd. - Others Other related parties Associates

	$ 10,184,836 $ 9,095,979
	8,150,410 6,782,589
	4,942,598 5,598,437
	10,514 788,317 237,342 250,295 6,037 150
	$ 23,531,737 $ 22,515,767

H. Payables to related parties

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

I. Property transactions

Purchase of property

(a) Acquisition of property, plant and equipment:

perty transactions rchase of property Acquisition of property, plant and equipment:
	Years ended December 31,
	2024 2023
Subsidiaries	$ 100,040 $ 12,659
Other related parties	5,450 3,491 3,071 7,424
Associates
	$ 108,561 $ 23,574
Period-end balances arising from purchases of Subsidiaries Associates	property (shown as “other payables”):
	December 31,2024 December 31,2023
	$ 3,897 $ 2,966 2,100 — $ 5,997 $ 2,966

(b) Period-end balances arising from purchases of property (shown as “other payables”):

~50~

Sale of property

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

	Year ended December 31, 2024 Disposal proceeds Gain (loss) on disposal $ 820,533 $ 36,195 200 200 $ 820,733 $ 36,395	Year ended December 31, 2023
		Disposal proceeds Gain (loss) on disposal
Subsidiaries	$ 36,195	$ 64,737 $ (953)
Other related parties	200	— —
	$ 36,395	$ 64,737 $ (953)

(b) Period-end balances arising from sale of property (shown as ‘other receivables-related parties’):

parties’):
Subsidiaries	December 31, 2024 December 31, 2023
	$ — $ 86,156

J. Loans to/from related parties

Loans from related parties

(a) For the years ended December 31, 2024 and 2023, outstanding balance shown as 'other noncurrent liabilities':

current liabilities':
Subsidiaries - Warriors Technology Investments Ltd - Innolux Japan Co., Ltd. - Innolux Holding Limited - Innolux Hong Kong Holding Limited	December 31, 2024 December 31, 2023
	$ 3,868,630 $ 3,623,190
	2,173,575 2,194,425
	1,725,185 1,615,733
	1,157,311 — $ 8,924,701 $ 7,433,348

For the years ended December 31, 2024 and 2023, the loans from subsidiaries are repayable in five years. Refer to table 1 for information on loans to/from related parties.

(b) Interest expense

	(b) Interest expense
(3)	Subsidiaries Key management compensation	Years ended December 31,
		2024 2023
		$ 21,813 $ 22,443
		Years ended December 31, 2024 2023

	Salaries and other short-term employee benefits	$ 254,650 $ 91,488
	Post-employment benefits	576 499
	Share-based payments	59 17,273
		$ 255,285 $ 109,260

8. PLEDGED ASSETS

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

	Book	value December 31,2023 Purpose $ 51,804,409 Long-term borrowings 500 Performance bond $ 51,804,909
Pledged asset	December 31,2024
Property, plant and equipment Other non-current assets -Time deposits	$ 52,889,356 500 $ 52,889,856

~51~

9. 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 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 $ 11,390,660 $ 14,625,687

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 Company are shown as ‘prepayments’ and ‘other non-current assets’ based on liquidity amounting to $1,521,550 and

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$0, respectively, as of December 31, 2024, and $0 and $1,511,694, 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.

10. SIGNIFICANT DISASTER LOSS

None.

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

Except for those disclosed in some notes of these parent company only financial statements, there are no significant subsequent events.

12. OTHERS

(1) Capital management

The Company’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 Company’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 (including related parties) and partial other non-current assets-others) and financial liability (financial liabilities at fair value through profit or loss, accounts payable (including related parties), other payables, lease liability, long-term borrowings (including current portion) and certain other non-current liabilities), please refer to Note 6 and parent company only balance sheets.
B. Financial risk management policies
(a) The Company’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk, interest rate risk and price risk), credit risk and liquidity risk. The Company’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company’s financial position and financial performance. The Company 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 Company’s treasury identifies, evaluates and hedges financial risks in close cooperation with the Company’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.

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C. Significant financial risks and degrees of financial risks
(a) Market risk

Foreign exchange risk

i. The Company operates internationally and is exposed to foreign exchange risk arising from the transactions of the Company 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 Company’s treasury departments. To manage their foreign exchange risk arising from future commercial transactions and recognized assets and liabilities, the Company uses forward foreign exchange contracts and foreign exchange swap contracts. Foreign exchange risk arises when future commercial transactions or recognized assets or liabilities are denominated in a currency that is not the entity’s functional currency.
iii.The Company’s businesses involve some non-functional currency operations (the Company’s functional currency: NTD). Based on the simulations performed, the impact on pre-tax profit of a 1% exchange rate fluctuation would be an increase of $32,293 and $86,106 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:

Financial assets Monetary items USD RMB JPY HKD Non-monetary items USD JPY RMB Financial liabilities Monetary items USD JPY EUR HKD	December 31,2024 (In Thousands) (Note) (NTD) $ 1,708,961 32.79 $ 56,036,831 333,615 4.56 1,521,284 2,745,956 0.21 576,651 91,424 4.22 385,809 $ 3,106,002 32.79 $ 101,845,806 10,558,443 0.21 2,217,273 333,143 4.56 1,519,132 $ 1,470,362 32.79 $ 48,213,170 32,173,109 0.21 6,756,353 5,374 34.14 183,468 32,759 4.22 138,243	December 31,2024 (In Thousands) (Note) (NTD) $ 1,708,961 32.79 $ 56,036,831 333,615 4.56 1,521,284 2,745,956 0.21 576,651 91,424 4.22 385,809 $ 3,106,002 32.79 $ 101,845,806 10,558,443 0.21 2,217,273 333,143 4.56 1,519,132 $ 1,470,362 32.79 $ 48,213,170 32,173,109 0.21 6,756,353 5,374 34.14 183,468 32,759 4.22 138,243	December 31,2023	December 31,2023
	(In Thousands) $ 1,708,961 333,615 2,745,956 91,424 $ 3,106,002 10,558,443 333,143 $ 1,470,362 32,173,109 5,374 32,759	(Note) 32.79 4.56 0.21 4.22 32.79 0.21 4.56 32.79 0.21 34.14 4.22	(In Thousands) $ 1,797,082 356,066 8,625,761 89,637 $ 3,027,259 9,692,603 239,440 $ 1,405,255 32,445,106 5,003 8,855	(Note) (NTD) 30.71 $ 55,188,388 4.34 1,545,326 0.22 1,897,667 3.93 352,273 30.71 $ 92,967,124 0.22 2,132,373 4.34 1,039,170 30.71 $ 43,155,381 0.22 7,137,923 33.98 170,002 3.93 34,800

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 Company for the years ended December 31, 2024 and 2023 amounted to $1,072,187 and $373,524, respectively.

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Price risk

i. The Company is exposed to equity securities price risk because of investments held by the Company and classified on the parent company only 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 Company diversifies its portfolio. Diversification of the portfolio is done by the Company in respect of the targets and stages.
ii. The Company’s investments in equity securities comprise domestic listed and unlisted stocks and beneficiary certificates. The prices of equity securities would change due to the change of the future value of investee companies. If the prices 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 $522,421 and $387,484, respectively; other comprehensive gains and losses would have increased/decreased by $268,060 and $486,423, respectively.

Cash flow and fair value interest rate risk

i. The Company’s main interest rate risk arises from long-term borrowings with variable rates, which expose the Company to cash flow interest rate risk. During the years ended December 31, 2024 and 2023, the Company’s borrowings at variable rate were denominated in the NTD.
ii. The Company 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 Company 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 $62,628 and $95,243, 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 Company arising from default by the clients or counterparties of financial instruments on the contract obligations. The main factor is that counterparties could not repay in full the accounts receivable based on the agreed terms, 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 Company was its carrying amount.

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ii. According to the Company’s credit policy, each local entity in the Company is responsible for managing and analysing the credit risk for each of its 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 Company 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 Company adopts the assumptions under IFRS 9, the default occurs when the contract payments are past due over 90 days.
v. The Company classifies customer’s accounts receivable in accordance with credit rating of customer, credit risk on trade and customer types. The Company 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 Company uses the forecastability to adjust historical and timely information to assess the default possibility of accounts receivable.
According to abovementioned consideration and information, the Company does not expect any significant default possibility of accounts receivable.
viii.Movements in relation to the Company applying the simplified approach to provide loss allowance for accounts receivable are as follows:

Movements in relation to the Company applying the simplified allowance for accounts receivable are as follows:	approach to provide loss
At December 31 (January 1) At December 31 (January 1)	2024
	Accounts receivable
	$ 262,564
	2023
	Accounts receivable
	$ 262,564

ix. The Company’s financial assets at amortized cost have low credit risk, and the Company did not recognize significant loss allowance in accordance with 12 months expected credit losses.
(c) Liquidity risk
i. Company treasury monitors rolling forecasts of the Company’s liquidity requirements to ensure it has sufficient cash to meet operational needs while maintaining sufficient

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headroom on its undrawn committed borrowing facilities at all times so that the Company does not breach borrowing limits or covenants (where applicable) on any of its borrowing facilities. Such forecasting takes into consideration the Company’s debt financing plans, covenant compliance, compliance with internal balance sheet ratio targets and external regulatory or legal requirements.

ii. Company treasury invests surplus cash in interest bearing savings accounts, time deposits, money market deposits and marketable securities. The Company chooses instruments that 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 Company’s non-derivative financial liabilities and net-settled or gross-settled derivative financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date for non-derivative financial liabilities and to the expected maturity date for derivative financial liabilities. The amounts disclosed in the table are the contractual undiscounted cash flows.

Non-derivative financial liabilities：

December 31,2024 Lease liability Long-term borrowings (including current portion) Other non-current liabilities December 31,2023 Lease liability (Note) Long-term borrowings (including current portion) Other non-current liabilities	Less than 1year $ 442,489 7,787,681 — Less than 1year $ 599,039 7,554,167 —	Between 1 and 3years $ 855,737 17,263,708 6,292,065 Between 1 and 3years $ 968,771 30,543,055 6,051,623	Between 3 and 5years $ 698,029 — 2,632,636 Between 3 and 5years $ 876,052 — 1,381,725	Over 5years Total $ 1,014,860 $ 3,011,115 — 25,051,389 — 8,924,701 Over 5years Total $ 1,410,992 $ 3,854,854 — 38,097,222 — 7,433,348

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 Company 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 Company’s investment in listed stocks and beneficiary certificates is included in Level 1.

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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 Company’s investment in derivative instruments is included in Level 2.
Level 3:Unobservable inputs for the asset or liability. The fair value of the Company’s investment in equity investment without active market 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 Except for those listed in the table below, the carrying amounts of cash and cash equivalents, accounts receivable (including related parties), other receivables (including related parties), financial assets at amortized cost, partial other non-current assets-others, accounts payable (including related parties), other payables, lease liability, long-term borrowings (including current portion) and partial other non-current liabilities are approximate to their fair values.

							December	31, 2023 Fair value	31, 2023 Fair value	31, 2023 Fair value	31, 2023 Fair value
			Book value				Level 1		Level		2			Level 3
Financial assets:
	Corporate bonds		$	876,036		$	—	$	870,967				$	—
As of December 31, 2024, the Company did not hold any corporate bonds. 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			$	846,016		$	—	$	1,577,300				$	2,423,316
Forward foreign		exchange contracts		—			3,321				—			3,321
Beneficiary certificates				188,788			—				—			188,788
Financial assets at fair value
through other comprehensive
income
Equity securities				1,340,302			—				—			1,340,302
			$	2,375,106		$	3,321	$	1,577,300				$	3,955,727
Liabilities
Recurring fair value measurements
Financial liabilities at fair value
through profit or		loss
Forward foreign		exchange contracts	$	—		$	226,082	$			—		$	226,082
Foreign exchange swap contracts				—			24,940				—			24,940
			$	—		$	251,022	$			—		$	251,022

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:

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Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Forward foreign exchange contracts Foreign exchange swap contracts 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 December 31,2023	$ 886,524 — — 2,432,115 $ 3,318,639 $ — Level 1	$ — 396,892 63,875 — $ 460,767 $ 44,596 Level 2	$ 1,050,896 $ 1,937,420 — 396,892 — 63,875 — 2,432,115 $ 1,050,896 $ 4,830,302 $ — $ 44,596 Level 3 Total

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

Listed shares Emerging stocks Corporate bond Market quoted price Closing price Last transaction price Weighted average 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 parent company only balance sheet date.
iii.When assessing non-standard and low-complexity financial instruments, for example, foreign exchange swap contracts, the Company 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.
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 Company’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

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accordance with the Company’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 parent company only balance sheet. The inputs and pricing information used during valuation are carefully assessed and adjusted based on current market conditions.

vi. The Company 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 Company’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:

Financial assets at fair value through profit or loss At January 1 Gains and losses recognized in profit or loss Acquired during the year Investment cost return At December 31	2024 2023 Equitysecurities $ 1,050,896 $ 1,177,783 539,497 (12,535) 1,569 3,079 (14,662) (117,431) $ 1,577,300 $ 1,050,896

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.

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.

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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:

Non-derivative equity instrument: Unlisted shares	Fair value at December 31,2024	Valuation technique	Significant unobservable input	Range (weighted average) Relationship of inputs to fair value
	$ 1,577,300	Market comparable companies	Price to sales ratio multiple, price to book ratio multiple Discount for lack of marketability, discount for lack of control	1.61~3.92 (1.70) The higher the multiple, the higher the fair value 30%~39% (39%) The higher the discount for lack of marketability and discount for lack of control, the lower the fair value
	Fair value at December 31, 2023	Valuation technique	Significant unobservable input	Range (weighted average) Relationship of inputs to fair value
Non-derivative equity instrument:
Unlisted shares	$ 1,050,896	Market comparable companies	Price to sales ratio multiple, price to book ratio multiple	1.03~2.34 (1.04) The higher the multiple, the higher the fair value
			Discount for lack of marketability	30% (30%) The higher the discount for lack of marketability, the lower the fair value

I. The Company 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:

Financial assets Equity instrument Financial assets Equity instrument	Input Liquidity discount Input Liquidity discount	Change ± 1% Change ± 1%	December 31,2024	December 31,2024
			Recognized inprofit or loss Recognized in other comprehensive income Favourable change Unfavourable change Favourable change Unfavourable change $ 25,776 $ (25,776) $ — $ — December 31,2023	Recognized in other comprehensive income
			Favourable change $ 25,776
			Recognized inprofit or loss Favourable change Unfavourable change $ 15,013 $ (15,013)	Recognized in other comprehensive income
			Favourable change $ 15,013	Favourable change Unfavourable change $ — $ —

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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.

(4) Major shareholders information

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

14. SEGMENT INFORMATION

None.

Table 1

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

Expressed in thousands of NTD (Except as otherwise indicated)

No.	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during		Actual amount drawn down	Interest rate	Nature of loan	Amount of transactions with the borrower	Reason for short-term financing	Allowance for doubtful accounts	Coll	ateral	Limit on loans granted to a singleparty	Ceiling on total loansgranted
					the year ended December 31, 2024	Balance as at December 31, 2024
													Item	Value
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

Table 2

Innolux Corporation

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

Expressed in thousands of NTD (Except as otherwise indicated)

		Relationship with the securities issuer			As of December 31, 2024	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	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	None None Other related party 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	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	$ 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	1 3 19 9 — 21 — — 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

Table 2, Page 1

		Relationship with the securities issuer			As of December 31, 2024	As of December 31, 2024
Securities held by	Common stock WT MICROELECTRONICS CO., LTD. Preferred Shares A HOTAI FINANCE CO., LTD. PREFERRED SHARES A HOTAI FINANCE CO., LTD. PREFERRED SHARES B 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. Marketable securities		General ledger account	Shares/Units	Book value	Ownership (%)	Fair value Footnote
Innolux Corporation Innolux Corporation Innolux Corporation 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		None None None None None None None None None None None None None None None None None None None None None 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 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	753,000 136,000 374,000 647,000 143,000 235,000 554,000 200,323 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	$ 37,499 12,947 36,054 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 — 1 — — — — 6 3 — 10 1 1 2 1 1 — 1 2 5 — 7	$ 37,499 12,947 36,054 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

Table 2, Page 2

		Relationship with the securities issuer			As of December 31, 2024	As of December 31, 2024
Securities held by	Common stock Fitipower Integrated Technology Inc. BE Epitaxy Semiconductor Technology Co., Ltd. best Epitaxy Manufacturing Company Ltd. 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. 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 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		None Other related party Other related party None None None None None None None None None None None None None None None 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 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 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	5,850,000 1,616,374 6,340,098 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	$ 1,360,125 8,051 249,785 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	5 15 9 — — — — — — — 1 — 7 7 9 2 — 7 14 19 10	$ 1,360,125 8,051 249,785 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

Table 2, Page 3

		Relationship with the securities issuer			As of December 31, 2024	As of December 31, 2024
Securities held by	Convertible bonds KA Imaging Inc. Obsidian Sensors, Inc. LELTEK INC. 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
Warriors Technology Investments Ltd Warriors Technology Investments Ltd InnoCare Optoelectronics Corporation 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.		Other related party 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 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	$ 114,946 110,731 19,600 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 Not applicable Not applicable Not applicable	$ 114,946 110,731 19,600 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

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)


	Marketable			Relationship with the	Balance as at January1,2024		Addition	(Note 3)		Disposal	(Note 3)		Balance as at December 31,2024
Investor	securities (Note 1)	General ledger account	Counterparty (Note 2)	investor (Note 2)	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 (Ningbo) Ltd. VIZIO Holding Corp.	Note 6 Note 4	Ningbo Innolux Optoelectronics Ltd. —	A subsidiary of the Company —	— 8,347,068	— 1,973,485	— —	1,235,456 —	— 8,347,068	— 3,117,797	— 3,117,797	— —	— —	1,296,767 —
CarUX Technology Taiwan Inc.	Fubon Life Insurance Co., Ltd. 2nd issue of Unsecured Cumulative Subordinated Corporate Bonds A in 2024	Note 5	—	—	—	—	1,000	1,000,000	—	—	—	—	1,000	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 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	Expressed in thousands of NTD	Expressed in thousands of NTD	Expressed in thousands of NTD
											(Except	as otherwise indicated)

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


Note 1:Book value includes relevant fees.

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 127] intentionally omitted <==

Table 4,�Page 1

Table 5

Expressed in thousands of NTD (Except as otherwise indicated)

Innolux Corporation

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

				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 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. Nanjing 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 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 An indirect owned subsidiary	Sales Sales Sales Sales Sales Sales Sales Sales Purchases Processing expense 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 1,200,994	11 4 2 1 — — — — — 12 11 7 1	60 days 120 days 90 days 60 days 90 days 90 days 60 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 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 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 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. Ningbo Innolux Display 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 Hon Hai Precision Industry Co., Ltd.	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 Other related party	Processing expense Processing expense Sales Processing revenue Processing revenue Processing revenue Service revenue Sales Sales Sales Sales Sales Sales Sales Purchases	$ 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 1,509,035	— 2 7 77 100 7 93 26 4 44 1 18 8 8 4	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 90 days	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 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 (353,499)	5 — — 47 95 100 92 12 6 58 — 15 6 7 4

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 Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. Foshan Innolux Optoelectronics Ltd. CarUX Technology Europe B.V.	Hon Hai Precision Industry Co., Ltd. Fortunebay Technology Pte. Ltd. Ur Materials (ShenZhen) Co., Ltd. CARUX TECHNOLOGY PTE. LTD.	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 Service revenue	$ 688,500 492,810 103,730 1,288,930	2 2 — 100	90 days 60 days 90 days 60 days	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	$ (226,435) (125,057) (47,822) 210,408	3 2 — 100

Table 5, Page 3

Innolux Corporation

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)

	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. Counterparty	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 Relationship with the counterparty	$ 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 Balance as at December 31, 2024 (Note A)	Turnover rate	Overdue receivables Amount Action taken	Overdue receivables Amount Action taken	Amount collected subsequent to the balance sheet date Allowance for doubtful accounts
Creditor					Amount
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.				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

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

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

Innolux Corporation Information on investees

Table 8

Expressed in thousands of NTD (Except as otherwise indicated)

For the year ended December 31, 2024

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

Information on investments in Mainland China

Table 9

Innolux Corporation

For the year ended December 31, 2024

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	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	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									1,363,826 745,752 6,782 (1,289,045) 400,667 7,361 (14,763) 163,088 (729)
	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		—	—	103,994	(1,497)	49		61,802	—

Table 9, Page 1

Ceiling on investments in Mainland China:

Companyname Innolux Corporation	Accumulated amount of remittance from Taiwan to Mainland China as of December 31,2024 $ 26,817,499	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 $ 33,835,133 (Note D)

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.

Table 9, Page 2

INNOLUX CORPORATION SUMMARY OF CASH AND CASH EQUIVALENTS

DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 1

Item	Abstract USD 425,051 In thousands Exchange rate 32.785 JPY 2,690,466 In thousands Exchange rate 0.21 KRW 128,186 In thousands Exchange rate 0.022 HKD 38 In thousands Exchange rate 4.222 EUR 2 In thousands Exchange rate 34.14 TWD 14,700,000 In thousands Exchange rate 1 USD 150,000 In thousands Exchange rate 32.785 USD 9,000 In thousands Exchange rate 32.785	Amount
Petty cash Cash in banks Demand deposits Foreign deposits		$ 465 3,709,021 13,935,296 564,729 2,846 161 70 14,700,000 4,917,750 295,065

Time deposits

Fixed income financial products in 3 months
		$ 38,125,403

Summary 1, Page 1

INNOLUX CORPORATION SUMMARY OF ACCOUNTS RECEIVABLE

DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 2 Items Third parties Company A Company B Company C Company D Company E Company F Others Less: Allowance loss	Abstract	Amount Remark $ 5,090,589 2,370,859 1,890,200 1,774,128 1,186,031 1,175,126 9,440,526 Balance of each individual customer is under 5% of this account's balance. 22,927,459 (262,564) $ 22,664,895

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Summary 2, Page 1

INNOLUX CORPORATION SUMMARY OF INVENTORY

DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 3

Item Raw materials Work in process Finished goods	Abstract	Cost $ 2,415,858 11,083,062 12,158,722 $ 25,657,642	Marketprice Remark $ 2,521,693 Use net realizable value as market price 15,327,582 Use net realizable value as market price 14,475,957 Use net realizable value as market price $ 32,325,232

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Summary 3, Page 1

INNOLUX CORPORATION

MOVEMENT SUMMARY OF INVESTMENTS ACCOUNTED FOR UNDER THE EQUITY METHOD

FOR THE YEAR ENDED DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 4

BeginningBalance In Thousand Shares Amount 709,450 $ 57,300,651 225,568 19,508,728 146,847 6,814,039 1,158,844 7,029,733 — 2,105,233 167,405 2,971,369 — 855,800 20,200 645,369 25,400 159,678 41,289 385,219 7,350 308,214 25,000 95,884 — 48,561 — — — 112,392 $ 98,340,870	Addition	Addition	Deductions In Thousand Shares Amount — $ (124,607) — (619,681) — (1,327,584) — (8,019) — (113) — (132) — (1,045) — (50,161) — — — (42,053) — (55,141) — (49,961) (8,715) — — — — $ (2,287,212)		EndingBalance Percentage of Ownership Amount 100% $ 63,921,723 100% 19,938,177 100% 5,831,180 100% 11,740,837 54% 2,216,217 100% 3,104,606 100% 894,781 49% 673,830 100% 175,905 76% 345,863 49% 304,306 44% 104,639 50% 47,408 67% 229,024 126,052 $ 109,654,548	Market value or net equityvalue Unit Price Total Amount $ — $ 63,921,723 — 19,938,177 — 5,831,180 — 12,238,727 — 2,216,217 — 3,104,606 — 894,781 60.7 1,226,140 — 175,905 — 332,809 — 304,306 — 104,639 — 47,408 — 229,024 — 126,052 $ 110,691,694	Valuation Basis Pledged as Collateral Equity method None " " " " " " " " " " " " " " " " " " " "
In Thousand Shares	In Thousand Shares	Amount	In Thousand Shares — — — — — — — — — — — — — —	In Thousand Shares 709,450 225,568 146,847 1,158,844 — 175,410 — 20,200 25,400 41,289 7,350 25,000 — 30,000 —	Percentage of Ownership 100% 100% 100% 100% 54% 100% 100% 49% 100% 76% 49% 44% 50% 67%	Unit Price $ — — — — — — — 60.7 — — — — — — —
709,450 225,568 146,847 1,158,844 — 167,405 — 20,200 25,400 41,289 7,350 25,000 — — —	— — — — — 8,005 — — — — — — — 30,000 —	$ 6,745,679 1,049,130 344,725 4,719,123 111,097 133,369 40,026 78,622 16,227 2,697 51,233 58,716 7,562 229,024 13,660
							" "
							" " " " " "
		$ 13,600,890

Note 1：Additions include gains on investment accounted for using equity method, capital increase, change in investee's net equity value, cumulative translation adjustment and recognition of unrealized gain on investees' financial instruments.

Note 2：Deductions include losses on investment accounted for using equity method, change in investee's net equity value, cumulative translation adjustment,cash dividend received, recognition of unrealized loss on investees' financial instruments.

Note 3：The number of shares of Advanced Micro Lux Holding Limited includes capital collected in advance.

Summary 4, Page 1

INNOLUX CORPORATION SUMMARY OF ACCOUNTS PAYABLE

DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 5 Items Third parties Company A Company B Company C Others	Abstract	Amount Remark $ 2,641,315 2,396,092 1,297,638 15,988,179 Balance of each individual supplier is under 5% of this account's balance. $ 22,323,224

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Summary 5, Page 1

INNOLUX CORPORATION SUMMARY OF OPERATING REVENUE

YEAR ENDED DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary	6
	Item	Quantity (in thousands)		Amount
TFT-LCD	products	375,521	$	181,688,008
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Summary 6, Page 1

INNOLUX CORPORATION SUMMARY OF OPERATING COSTS YEAR ENDED DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 7 Item	Amount
Beginning raw materials Incoming inventory Less: Ending raw materials Scrapping materials Sale of materials Material consumption Direct labor Manufacturing expenses Manufacturing costs Add: Beginning work in process Incoming inventory Less: Ending work in process Scrapping work in process Cost of finished goods Add: Beginning finished goods Acquisition of finished goods Less: Ending finished goods Cost of goods manufactured Add: Cost of sales of materials Loss on scrapping inventory Less: Gain on reversal of decline in inventory valuation Operating cost	$ 2,673,648 49,307,130 (2,520,317) (2,263) (142,245)
	49,315,953 8,672,721 114,461,576
	172,450,250 11,266,588 9,768,388 (11,562,281) (51,807)
	181,871,138 9,868,642 1,160,711 (12,684,452)
	180,216,039 142,245 54,070 (744,413)
	$ 179,667,941

Summary 7, Page 1

INNOLUX CORPORATION SUMMARY OF MANUFACTURING EXPENSES

YEAR ENDED DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 8 Items	Amount Remark $ 57,340,934 23,014,035 14,043,465 7,638,626 7,477,031 4,947,485 Balance of each individual account is under 5% of this account's balance. $ 114,461,576
Processing fee Depreciation and amortization Utilities expense Repairs and maintenance expense Indirect labor Others

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Summary 8, Page 1

INNOLUX CORPORATION SUMMARY OF OPERATING EXPENSES

YEAR ENDED DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 9

Summary 9
Items	Sellingexpenses $ 333,503 3,159 530 — 244,387 $ 581,579	General and administrative expenses	Research and development expenses	Total Remark
Wages and salaries Depreciation expenses Indirect materials Royalty expenses Others		$ 1,441,109 597,168 242 — 1,917,254	$ 4,360,212 1,745,540 1,238,264 719,296 1,776,505	$ 6,134,824 2,345,867 1,239,036 719,296 3,938,146 Balance of each individual account is under 5% of this account’s balance. $ 14,377,169
		$ 3,955,773	$ 9,839,817

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Summary 9, Page 1

INNOLUX CORPORATION

SUMMARY OF EMPLOYEE BENEFITS, DEPRECIATION AND AMORTIZATION EXPENSES BY FUNCTION

YEAR ENDED DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 10

	Year ended December 31,2024	Year ended December 31,2024			Year ended December 31,2023	Year ended December 31,2023
Classified as OperatingCosts	Classified as OperatingExpenses	Classified as Non- operatingExpenses	Total	Classified as OperatingCosts	Classified as OperatingExpenses	Classified as Non- operatingExpenses Total
$ 14,284,684 1,256,675 591,348 — 144 735,941	$ 6,134,824 461,954 271,055 25,866 340 239,958	$ — — — — — —	$ 20,419,508 1,718,629 862,403 25,866 484 975,899	$ 14,471,503 1,345,375 634,364 — 56,545 795,300	$ 5,501,386 455,600 273,140 19,000 130,697 245,290	$ — $ 19,972,889 — 1,800,975 — 907,504 — 19,000 — 187,242 — 1,040,590
$ 16,868,792	$ 7,133,997	$ —	24,002,789	$ 17,303,087	$ 6,625,113	$ — $ 23,928,200
$ 22,982,708	$ 2,345,867	$ 28,993	25,357,568	$ 22,527,995	$ 2,427,578	$ 28,993 $ 24,984,566
$ 31,327	$ 63,929	$ —	95,256	$ 30,410	$ 58,762	$ — $ 89,172

Note:

As at December 31, 2024 and 2023, the average number of employees was 20,792 and 23,576, respectively. Among them, the average number of non-employee directors was 5 for both years.
Average employee benefit expense in current year was $1,153, average employee benefit expense in previous year was $1,014.
Average employees salaries in current year was $982, average employees salaries in previous year was $847.
Adjustment of average employees salaries was 15.94%.
The Company has set up an audit committee so there is no supervisor’s remuneration.

Summary 10, Page 1

INNOLUX CORPORATION

SUMMARY OF EMPLOYEE BENEFITS, DEPRECIATION AND AMORTIZATION EXPENSES BY FUNCTION

YEAR ENDED DECEMBER 31, 2024

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Summary 10

The Company puts emphasis on employee compensation and benefits, and sets up a reward policy that is reasonable internally and competitive externally.
(1) Directors and managers: The remuneration committee is responsible for setting up the remuneration for directors and managers. After taking into comprehensive consideration the Company’s operational performance (including financial and non-financial points of view), personal performance and responsibilities the correlation and rationality between the development trend of the industry and the future operational risks, as well as referring to the external market levels, the remuneration committee reviews the individual salary and remuneration for directors and managers and proposes it to the Board of Directors for approval.
(2) Employees: The Company conducts periodical market surveys and reviews to provide a salary level that surpasses the laws and regulations and is externally competitive. Employees' salaries are determined based on each employee's position, education and work experience, length of professional service and work performance. The Company also considers and compares with the external market salary surveys to plan a more competitive salary and compensation scheme for employees, which will not be different because of the factors such as gender, age, marriage, race, nationality, religion and political views. The Company strives to build a high-quality work environment with well-established benefits.

Summary 10, Page 2

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INX — Audit Report / Information 2024

52330_rns_2024-11-14_54205c35-b980-4a0a-9c1d-c8aee3d1f398.pdf

INNOLUX CORPORATION

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

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

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

INNOLUX CORPORATION

PARENT COMPANY ONLY BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION

PARENT COMPANY ONLY BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY

YEARS ENDED DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2024 AND 2023

INNOLUX CORPORATION NOTES TO THE PARENT COMPANY ONLY FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2024 AND 2023

1. HISTORY AND ORGANIZATION

2. THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE PARENT COMPANY ONLY FINANCIAL 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) Foreign currency translation

(4) Classification of current and non-current items

(5) Cash equivalents

(6) Financial assets at fair value through profit or loss

(8) Financial assets at amortized cost

(9) Accounts receivable

(11) Derecognition of financial assets

(12) Operating leases (lessor)

(13) Inventories

(14) Non-current assets or disposal groups held for sale

(15) Investments accounted for using equity method / subsidiaries and associates

(16) Property, plant and equipment

(18) Investment property

(19) Intangible assets

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

(24) Derecognition of financial liabilities

(26) Employee benefits

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

Critical accounting estimates and assumptions

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

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

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

(4) Financial assets at amortized cost

(6) Inventories

(7) Investments accounted for under the equity method

A. The Company’s subsidiaries

B. The Company’s associates

(8) Property, plant and equipment

(9) Leasing arrangements－lessee

(10) Investment property

(11) Intangible assets

(12) Non-current assets held for sale

(13) Other payables

- (14) Long term borrowings

(15) Pensions

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

(17) Provisions-current

A. Warranty

(18) Share capital

INX Audit Report / Information 2024