INNOLUX CORPORATION AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND

INDEPENDENT AUDITORS’ REVIEW REPORT MARCH 31, 2024 AND 2023

~1~

INDEPENDENT AUDITORS’ REVIEW REPORT

To the Board of Directors and Shareholders of Innolux Corporation

Introduction

We have reviewed the accompanying consolidated balance sheets of Innolux Corporation and subsidiaries (the “Group”) as at March 31, 2024 and 2023, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the three-month periods then ended, and notes to the consolidated financial statements, including a summary of material accounting policies. Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” that came into effect as endorsed by the Financial Supervisory Commission. Our responsibility is to express a conclusion on these consolidated financial statements based on our reviews.

Scope of Review

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

Conclusion

Based on our reviews and the reports of other auditors (please refer to the Other matter section), nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Group as at March 31, 2024 and 2023, and of its consolidated financial performance and its consolidated cash flows for the three-month periods then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” that came into effect as endorsed by the Financial Supervisory Commission.

~2~

Other matter - Reference to the reviews of other auditors

We did not review the financial statements of certain subsidiaries of the Company for the three-month periods ended March 31, 2024 and 2023, which were reviewed by other auditors. Therefore, our report expressed herein, insofar as it relates to the amounts and the information disclosed in Note 13 included in respect of these subsidiaries, is based solely on the reports of the other auditors. Total assets of these subsidiaries included in the Group's consolidated financial statements amounted to NT$2,201,083 thousand and NT$2,376,600 thousand, constituting 0.6% and 0.6% of the consolidated total assets of the Group as at March 31, 2024 and 2023, respectively, and sales revenue of these subsidiaries included in the Group's consolidated financial statements amounted to NT$455,312 thousand and NT$458,849 thousand, constituting 0.9% and 1.0% of the consolidated total sales revenue of the Group for the three-month periods ended March 31, 2024 and 2023, respectively.

PricewaterhouseCoopers, Taiwan April 19, 2024

The accompanying consolidated financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and report of independent accountants 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.

~3~

INNOLUX CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

MARCH 31, 2024, DECEMBER 31, 2023 AND MARCH 31, 2023

(Expressed in thousands of New Taiwan dollars)

Assets	Notes	March 31, 2024	December 31, 2023 March 31, 2023
Current Assets 1100 Cash and cash equivalents 1110 Financial assets at fair value through profit or loss - current 1136 Financial assets at amortized cost - current 1170 Accounts receivable, net 1180 Accounts receivable, net - related parties 1200 Other receivables 130X Inventory 1410 Prepayments 1479 Other current assets 11XX Total current assets Non-current assets 1510 Financial assets at fair value through profit or loss - non- current
	6(1) 6(2) 6(4) 6(5) 7	$ 46,120,564 12,120 9,255,436 30,194,695 445,061	$ 50,512,584 $ 78,693,614 460,767 7,392,794 12,112,991 33,841,567 29,584,510 28,426,129 430,861 465,395 1,958,858 1,706,596 37,150,576 34,322,229 1,319,982 1,562,848 119,010 938,036 133,650,139 187,349,208 5,300,152 5,909,207
	6(6) 9 8	1,899,505 36,821,617 3,241,094 407,109
		128,397,201

	6(2) 6(3)	4,740,116 7,925,429
1517 Financial assets at fair value through other comprehensive income - non-current			6,665,014 6,132,983
1535 Financial assets at amortized cost - non-current 1550 Investments accounted for under equity method 1600 Property, plant and equipment 1755 Right-of-use assets 1760 Investment property, net 1780 Intangible assets 1840 Deferred income tax assets 1990 Other non-current assets 15XX Total non-current assets 1XXX Total assets	6(4) 6(7)	21,184,026 806,954	18,813,183 6,456,841 703,591 1,597,348 149,253,011 156,413,448 4,091,841 4,731,795 416,077 436,919 17,542,372 17,501,195 2,845,935 3,101,492 18,249,127 18,968,887 223,880,303 221,250,115 $ 357,530,442 $ 408,599,323
	6(8), 7 and 8 6(9) 6(10) 6(11) 6(8)，6(15)，8 and 9	145,981,400 4,094,220 409,130 17,528,690 2,771,098 17,146,800
		222,587,863
		$ 350,985,064

(Continued)

~4~

INNOLUX CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

MARCH 31, 2024, DECEMBER 31, 2023 AND MARCH 31, 2023

(Expressed in thousands of New Taiwan dollars) (The consolidated balance sheets as of March 31, 2024 and 2023 are reviewed, not audited)

Notes	March 31, 2024	December 31, 2023 March 31, 2023	December 31, 2023 March 31, 2023

6(12) 6(2) 7 6(13) and 7 6(17) and 9 6(14)	$ 435,440 318,830	$ 170,000	$ 395,000
		44,596 39,178,762 1,205,003 28,336,062 1,907,319 3,372,767 593,127 7,575,503 5,175,611	176,020 36,916,444 1,321,843 26,428,942 2,214,177 4,516,177 685,359 12,523,609 5,981,178
	38,011,290 1,100,148
	25,473,715
	1,918,814
	3,453,567
	561,453
	7,636,232
	5,455,980
	84,365,469	87,558,750	91,158,749

6(14)	28,589,607 1,867,735 3,098,926 4,079,240	31,977,559 1,738,759 3,125,352 4,244,761	60,699,324 1,700,233 3,761,613 4,524,262
	37,635,508	41,086,431	70,685,432
	122,000,977	128,645,181	161,844,181

6(18)	90,786,334		95,564,562 103,593,923 13,811,763 3,204,136 34,981,668 (4,572,358) (602,916)
		90,786,334
6(19) 6(20)	103,473,683	103,468,658

	13,811,763	13,811,763
	5,565,152 17,650,235	5,565,152 21,754,128
6(21)	(3,012,565)	(7,198,699)
6(18)	(62,467)	(62,467)
	228,212,135 771,952	228,124,869	245,980,778 774,364
		760,392
	228,984,087	228,885,261	246,755,142
	$ 350,985,064	$ 357,530,442	$ 408,599,323

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

~5~

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

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

Items	Notes 6(22) and 7 6(6)(27) and 7 6(27) 6(23) 6(24) 6(25) 6(26) 6(7) 6(29)	2024 2023 $ 50,492,208 $ 45,595,408 (48,350,800) (48,803,021) 2,141,408 (3,207,613) (600,842) (852,409) (1,755,975) (1,749,922) (2,955,636) (2,800,488) (5,312,453) (5,402,819) (3,171,045) (8,610,432) 472,167 508,998 362,681 892,629 (1,081,121) 559,244 (298,349) (285,533) 1,719 (4,054) (542,903) 1,671,284 (3,713,948) (6,939,148) (381,382) (818,500) $ (4,095,330) $ (7,757,648)
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 7060 Share of profit (loss) of associates and joint ventures accounted for under equity method 7000 Total non-operating income and expenses 7900 Loss before income tax 7950 Income tax expense 8200 Loss for the period

(Continued)

~6~

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

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

8316	Items Other comprehensive income (net) Components of other comprehensive income that will not be reclassified to profit or loss Unrealized gains on financial assets at fair value through other comprehensive income		2024 2023 $ 952,865 $ 805,439 (189,732) (86,759) 763,133 718,680 3,420,396 279,289 4,638 (5,639) 3,425,034 273,650 $ 4,188,167 $ 992,330 $ 92,837 $ (6,765,318) $ (4,103,893) $ (7,768,749) $ 8,563 $ 11,101 $ 82,241 $ (6,775,955) $ 10,596 $ 10,637
		Notes

		6(21)
8349 8310 8361 8370 8360 8300	Income tax related to components of other comprehensive income that will not be reclassified to profit or loss	6(21)(29)
	Other comprehensive income that will not be reclassified to profit or loss Components of other comprehensive income that will be reclassified to profit or loss Financial statements translation differences of foreign operations Share of other comprehensive income (loss) of associates and joint ventures accounted for under equity method Other comprehensive income that will be reclassified to profit or loss Other comprehensive income for the period, net of tax Total comprehensive income (loss) for the period (Loss) profit attributable to: Owners of the parent Non-controlling interest Other comprehensive income (loss) attributable to: Owners of the parent Non-controlling interest Loss per share (in dollars) Basic loss per share
		6(21) 6(7)(21)

8500

8610 8620
8710
8720

		6(30)
9750			$ (0.45) $ (0.82)

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

~7~

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

					Equity at	tributable to owner	of the parent	of the parent
		Share Capital			Retained Earnings		Other EquityInterest
	Notes	Common stock	Capital surplus	Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealized gains from financial assets measured at fair value through other comprehensive income	Treasuryshares	Total	Non-controlling interests Total
2023
Balance at January 1		$95,564,562	$103,312,414	$13,811,763	$3,204,136	$42,750,417	$(8,173,822)	$ 2,608,670	$ (602,916)	$252,475,224	$ 519,496 $252,994,720
(Loss) profit for the period Other comprehensive income (loss) for the period Total comprehensive income (loss) Recognition of change in equity of associates in proportion to the Group's ownership	6(21) 6(19)	— —	— —	— —	— —	(7,768,749) —	— 274,114	— 718,680	— —	(7,768,749) 992,794	11,101 (7,757,648) (464) 992,330 10,637 (6,765,318) — 224
		—	—	—	—	(7,768,749)	274,114	718,680	—	(6,775,955)
		—	224	—	—	—	—	—	—	224
Recognition of changes in ownership interests in subsidiaries	6(19)	—	267,136	—	—	—	—	—	—	267,136	234,769 501,905
Difference between consideration and carrying amount of subsidiaries disposed	6(19)	—	11,475	—	—	—	—	—	—	11,475	9,462 20,937
Others	6(19)	—	2,674	—	—	—	—	—	—	2,674	— 2,674
Balance at March 31 2024		$95,564,562	$103,593,923	$13,811,763	$3,204,136	$34,981,668	$(7,899,708)	$ 3,327,350	$ (602,916)	$245,980,778	$ 774,364 $246,755,142

Balance at January 1		$90,786,334	$103,468,658	$13,811,763	$5,565,152	$21,754,128	$(9,809,347)	$ 2,610,648	$ (62,467)	$228,124,869	$ 760,392 $228,885,261
(Loss) profit for the period		—	—	—	—	(4,103,893)	—	—	—	(4,103,893)	8,563 (4,095,330)
Other comprehensive income for the period	6(21)	—	—	—	—	—	3,423,001	763,133	—	4,186,134	2,033 4,188,167
Total comprehensive income (loss)		—	—	—	—	(4,103,893)	3,423,001	763,133	—	82,241	10,596 92,837
Recognition of change in equity of associates in proportion to the Group's ownership	6(19)	—	(65)	—	—	—	—	—	—	(65)	— (65)
Recognition of changes in ownership interests in subsidiaries	6(19)	—	186	—	—	—	—	—	—	186	964 1,150
Others	6(19)	—	4,904	—	—	—	—	—	—	4,904	— 4,904
Balance at March 31		$90,786,334	$103,473,683	$13,811,763	$5,565,152	$17,650,235	$(6,386,346)	$ 3,373,781	$ (62,467)	$228,212,135	$ 771,952 $228,984,087

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

~8~

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

	Notes 6(27) 6(27) 6(7) 6(25) 6(26) 6(23) 6(24)	2024 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before tax Adjustments Adjustments to reconcile (profit) loss Depreciation and amortization		$ (3,713,948) $ (6,939,148)
		7,818,125 7,737,287 821,948 (1,047,549) 696 17,374 (1,719) 4,054 22,506 10,938 (8,641) — 298,349 285,533 (472,167) (508,998) — (115) (19,491) 89,731 722,881 44,075 (611,079) 4,451,638 (14,200) 249,127 126,195 178,822 328,959 1,595,050 (1,118,828) 7,037 (272,581) (27,868) 336,787 — (1,167,472) 1,304,097 (104,855) 160,019 (1,311,417) (4,848,416) (262,533) (1,481,024) 260,061 (437,542) (112,019) (476,649) 1,545,557 367,473 (341,197) (573,800) 1,204,360 (206,327)
Net loss (gain) on financial assets or liabilities at fair value through profit or loss
Compensation cost of share-based payments
Share of (profit) loss of associates and joint ventures accounted for under equity method
Loss on disposal of property, plant and equipment
Non-financial asset impairment gain
Interest expense Interest income Dividend income
Foreign exchange (gain) loss
Changes in operating assets and liabilities Changes in operating assets Financial assets /liabilities at fair value through profit or loss Accounts receivable Accounts receivable - related parties Other receivables Inventories Prepayments Other current assets
Other non-current assets
Changes in operating liabilities Accounts payable Accounts payable - related parties Other payables Provisions Other current liabilities Other non-current liabilities Cash inflow generated from operations
Cash paid for income tax
Net cash flows from (used in) operating activities

(Continued)

~9~

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

CASH FLOWS FROM INVESTING ACTIVITIES	Notes	2024 2023
	6(31) 6(11)	$ (18,542)$ (7,219,625) 1,971 1,109 (423,384) — 2,033,206 (16,424,248) (1,590,026) (4,476,161) — 724,276 893,594 4,941,919 (59,761) 65,022 (97,067) (70,000) (4,541,752) (5,684,392) 78,602 2,156 — (103) 328,695 779,125 — 115 (3,394,464) (27,360,807) 265,440 (30,000) 426,324 37,762,284 (3,766,667) (8,333) (280,924) (246,037) (163,706) (169,159) 4,904 2,674 (3,514,629) 37,311,429 1,312,713 458,731 (4,392,020) 10,203,026 50,512,584 68,490,588 $ 46,120,564 $ 78,693,614
Acquisition of financial assets at fair value through profit or loss Proceeds from disposal of financial assets at fair value through profit or loss Acquisition of investments in financial assets measured at fair value through other comprehensive income
Decrease (increase) in financial assets at amortized cost - current
Acquisitions of financial assets at amortized cost - non- current Proceeds from disposal of financial assets at amortized cost Proceeds from repayments of financial assets at amortized cost
(Increase) decrease in refundable deposits Increase in investment accounted for under equity method
Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Acquisition of intangible assets Interest received Dividends received
Net cash flows used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES	6(19)
Increase (decrease) in short-term borrowings
Proceeds from long-term borrowings Repayments of long-term borrowings Interest paid Repayment of the principal portion of lease liabilities
Others
Net cash flows (used in) from financing activities
Effect of changes in foreign currency exchange
Net (decrease) increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period

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

~10~

INNOLUX CORPORATION AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

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

1. HISTORY AND ORGANIZATION

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

STATEMENTS AND PROCEDURES FOR AUTHORIZATION

These consolidated financial statements were reported to the Board of Directors on April 19, 2024.

3. 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 liability with covenants’	January 1, 2024
Amendments to IAS 7 and IFRS 7, ‘Supplier finance arrangements’	January 1, 2024

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

(2) Effect of new issuances of or amendments to IFRS Accounting Standards as endorsed by the FSC but not yet adopted by the Group

None.

(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:

~11~

	Effective date by
	International Accounting
New Standards,Interpretations and Amendments	Standards Board
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
Amendments to IAS 21, ‘Lack of exchangeability’	January 1, 2025

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

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of these consolidated financial statements

are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

(1) Compliance statement

A. The consolidated financial statements of the Group have been prepared in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Issuers” and International Accounting Standard 34, “Interim financial reporting” that came into effect as endorsed by the FSC.
B. These financial statements should be read with the consolidated financial statements for the year ended December 31, 2023.

(2) Basis of preparation

A. Except for the following items, these consolidated financial statements have been prepared under the historical cost convention:
(a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.
(b) Financial assets at fair value through other comprehensive income.
(c) Defined benefit assets recognized based on the net amount of pension fund assets less present value of defined benefit obligations.
B. The preparation of financial statements in conformity with International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations® ® that came into effect as endorsed 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 Group’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

~12~

(3) Basis of consolidation

A. Basis for preparation of consolidated financial statements

The basis applied in these consolidated financial statements is consistent with that applied in the consolidated financial statements for the year ended December 31, 2023.

B. Subsidiaries included in the consolidated financial statements:

			Ownership (%)	Ownership (%)	Ownership (%)
Name of Investor	Name of Subsidiary	Main Business Activities	March 31, 2024	December 31,2023	March 31, 2023 Description
Innolux Corporation Innolux Holding Limited Keyway Investment Management Limited Landmark International Ltd.	Innolux Holding Limited Keyway Investment Management Limited Landmark International Ltd. Toppoly Optoelectronics (B.V.I.) Ltd. Innolux Hong Kong Holding Limited Yuan Chi Investment Co., Ltd. InnoJoy Investment Corporation Innolux Japan Co., Ltd. Innolux Singapore Holding Pte. Ltd. InnoCare Optoelectronics Corporation GIO Optoelectronics Corp. INStek Corporation Rockets Holding Limited Suns Holding Ltd Foshan Innolux Logistics Ltd. Ningbo Innolux Optoelectronics Ltd. Foshan Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd.	Investment holdings Investment holdings Investment holdings Investment holdings Investment holdings Investment company Investment company Investment, R&D and sales company Investment holdings Investment, R&D, manufacturing and sales company Investment, R&D, manufacturing and sales company R&D, manufacturing and sales company Investment holdings Investment holdings Warehousing company Processing company Processing company Processing company	100 100 100 100 100 100 100 54 100 50 76 — 100 100 100 100 100 100	100 100 100 100 100 100 100 54 100 50 76 40 100 100 100 100 100 100	100 — 100 — 100 — 100 — 100 — 100 — 100 — 54 — 100 — 51 (a) 76 — 40 (h) 100 — 100 — 100 — 100 — 100 — 100 —

~13~

			Ownership (%)	Ownership (%)	Ownership (%)
Name of Investor	Name of Subsidiary	Main Business Activities	March 31, 2024	December 31,2023	March 31, 2023 Description
Toppoly Optoelectronics (B.V.I.) Ltd. Innolux Hong Kong Holding Limited InnoJoy Investment Corporation Innolux Japan Co., Ltd. Innolux Singapore Holding Pte. Ltd. Rockets Holding Limited Suns Holding Ltd Toppoly Optoelectronics (Cayman) Ltd. CarUX Holding Limited Ultimate Fantasy Limited CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD.	Toppoly Optoelectronics (Cayman) Ltd. Innolux Hong Kong Limited Innolux Japan Co., Ltd. CarUX Holding Limited Inno Capital Corporation Innolux USA, Inc. INNOLUX OPTOELECTRONICS INDIA PRIVATE LIMITED Stanford Developments Limited Nets Trading Ltd. Warriors Technology Investments Ltd Nanjing Innolux Technology Ltd. Nanjing Innolux Optoelectronics Ltd. CARUX TECHNOLOGY PTE. LTD. Ultimate Fantasy Limited CarUX Holding Limited CarUX Technology Hong Kong Holding Limited CarUX Technology Europe B.V. CarUX Technology Taiwan Inc.	Investment holdings Sales company Investment, R&D and sales company Investment holdings Investment company Sales company Sales company Investment holdings Investment company Investment company Sales company Processing company Investment and sales company Investment holdings Investment holdings Investment holdings Investment, sales, and R&D testing company Manufacturing and sales company	100 100 46 95 100 100 100 100 100 100 100 100 100 — 5 100 100 100	100 100 46 95 100 100 100 100 100 100 100 100 100 — 5 100 100 100	100 — 100 — 46 — 100 — 100 — 100 — 100 — 100 — 100 — 100 — 100 — 100 — 100 — — (b) — — 100 (c) 100 (f) 100 (d)

~14~

			Ownership (%)	Ownership (%)	Ownership (%)
Name of Investor	Name of Subsidiary	Main Business Activities	March 31, 2024	December 31,2023	March 31, 2023 Description
CarUX Technology Hong Kong Holding Limited CarUX Technology Europe B.V. Stanford Developments Limited Ningbo Innolux Optoelectronics Ltd. InnoCare Optoelectronics Corporation GIO Optoelectronics Corp. Double Star Inc.	CarUX Technology (Shanghai ) Ltd. CarUX Technology Germany GmbH Innocom Technology (Shenzhen) Co., Ltd. Ningbo CarUX Technology Ltd. InnoCare Optoelectronics Japan Co., Ltd. InnoCare Optoelectronics USA, INC. Ningbo Innolux Electronics Ltd. Innocare Optoelectronics Europe B.V. Double Star Inc. GIO (Maanshan) Optoelectronics Co., Ltd.	Manufacturing and sales company Testing and maintenance company Processing company Processing company Sales company Sales company Manufacturing and sales company After-sales service company Investment holdings Processing company	100 100 100 100 100 100 100 100 100 100	100 100 100 100 100 100 100 100 100 100	100 (e) 100 (g) 100 — 100 — 100 — 100 — 100 — 100 — 100 — 100 —

(a) In the fourth quarter of 2023, the employee stock options issued by InnoCare Company were exercised and converted into ordinary shares, thereby decreasing the Company’s shareholding ratio from 51% to 50%.
(b) Ultimate Fantasy Limited was established in the first quarter of 2023 and was included in the consolidated financial statements since the date of establishment.
(c) Innolux Optoelectronics Hong Kong Holding Limited changed its name to CarUX Technology Hong Kong Holding Limited in the second quarter of 2023.
(d) CarUX Technology Inc. changed its name to CarUX Technology Taiwan Inc. in the second quarter of 2023.
(e) Shanghai Innolux Optoelectronics Ltd. changed its name to CarUX Technology (Shanghai) Ltd. in the second quarter of 2023.
(f) Innolux Europe B.V. changed its name to CarUX Technology Europe B.V. in the third quarter of 2023.
(g) Innolux Technology Germany GmbH changed its name to CarUX Technology Germany GmbH in the third quarter of 2023.
(h) In the first quarter of 2024, INStek Corporation had completed liquidation and dissolution.
C. Subsidiaries not included in the consolidated financial statements: None.

~15~

D. Adjustments for subsidiaries with different balance sheet dates: None.
E. The restrictions on fund remittance from subsidiaries to the parent company: None.
F. Subsidiaries that have non-controlling interests that are material to the Group: None.

(4) Employee benefits

Except for the following additional accounting policies, the accounting policies on employee benefits are the same as those described in Note 4 of the 2023 consolidated financial statements.

Pension cost for the interim period is calculated on a year-to-date basis by using the pension cost rate derived from the actuarial valuation at the end of the prior financial year, adjusted for significant market fluctuations since that time and for significant curtailments, settlements, or other significant one-off events. Also, the related information is disclosed accordingly.

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF

ASSUMPTION UNCERTAINTY

For more information, please refer to Note 5 of the consolidated financial statements for the year ended December 31, 2023.

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

Cash and cash equivalents
Cash on hand, demand deposits and checking accounts	March 31,2024	December 31,2023	March 31,2023
	$ 30,304,892	$ 35,642,578 $ 24,283,075
Time deposits	15,527,672 288,000	14,870,006 —	54,410,539 —
Fixed income financial products in 3 months
	$ 46,120,564	$ 50,512,584 $ 78,693,614

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

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

Assets	March 31,2024	December 31,2023	March 31,2023
Current items
Financial assets mandatorily measured at fair value through profit or loss
Beneficiary certificates	$ —	$ — $ 7,204,528
Forward foreign exchange contracts Foreign exchange swap contracts	6,911	396,892 153,421
	5,209	63,875	34,845
	$ 12,120	$ 460,767	$ 7,392,794

==> picture [482 x 32] intentionally omitted <==

~16~

Assets	March 31,2024	December 31,2023	March 31,2023
Non-current items Financial assets mandatorily measured at fair value through profit or loss

Listed stocks Unlisted stocks	$ 3,056,266	$ 3,788,437 $ 4,311,044
	1,269,499 203,062 211,289	1,131,716 177,261 202,738	1,270,305 135,512 192,346
Financial products
Convertible bonds
	$ 4,740,116	$ 5,300,152	$ 5,909,207

Liabilities	March 31,2024	December 31,2023	March 31,2023
Current items
Financial liabilities held for trading Forward foreign exchange contracts Foreign exchange swap contracts
	$ 270,421	$ 44,596	$ 107,607
	48,409	—	68,413
	$ 318,830	$ 44,596	$ 176,020

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

	March 31,2024	March 31,2024	March 31,2024	December 31,2023	December 31,2023
Derivative financial assets and liabilities	Contract Amount (Notional Principal) (in thousands)		Contract Period	Contract Amount (Notional Principal) (in thousands) Contract Period
Current items	USD (sell) $ 137,000 RMB (buy) 984,383 RMB (sell) 173,698 USD (buy) 24,000 RMB (sell) 326,000 TWD (buy) 1,434,343 USD (sell) 20,000 JPY (buy) 2,989,750 TWD (sell) 5,702,800 JPY (buy) 26,500,000 EUR (sell) 13,000 USD (buy) 14,115 HKD (sell) 55,000 USD (buy) 7,033 USD (sell) 269,000 TWD (buy) 8,465,059
Forward foreign exchange contracts			2024/03-2024/04	USD (sell) $ 257,000	2023/11-2024/02
			2024/03-2024/04 2024/03-2024/04 2024/03-2024/04 2024/03-2024/05 2024/03-2024/05 2024/03-2024/04 2024/03-2024/04	RMB (buy) 1,850,771
Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts
			2024/11-2024/05 2024/11-2024/05 2024/03-2024/04 2024/03-2024/04 2024/03-2024/04 2024/03-2024/04
		269,000 8,465,059	2024/02-2024/06 2024/02-2024/06

~17~

	March 31,2024	March 31,2024	March 31,2024	December 31,2023	December 31,2023	December 31,2023
Derivative financial assets and liabilities	Contract Amount (Notional Principal) (in thousands)		Contract Period	Contract Amount (Notional Principal) (in thousands) Contract Period
Foreign exchange swap contracts Foreign exchange swap contracts	USD (sell) TWD (buy) RMB (sell) USD (buy)	$ 137,000	2024/03-2024/04 2024/03-2024/04 2024/03-2024/05 2024/03-2024/05	USD (sell) TWD (buy)	$ 137,000	2023/11-2024/02 2023/11-2024/02
		4,328,411 215,149 30,000			4,257,216

				March 31, 2023
Derivative financial assets and liabilities				Contract Amount (Notional Principal) (in thousands) Contract Period
Current items Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts Forward foreign exchange contracts
				USD (sell) $ 425,000 2023/02-2023/05 RMB (buy) 2,933,560 2023/02-2023/05 RMB (sell) 525,000 2023/02-2023/05 TWD (buy) 2,314,850 2023/02-2023/05 USD (sell) 60,000 2023/03-2023/04 JPY (buy) 8,036,160 2023/03-2023/04 TWD (sell) 5,975,145 2023/01-2023/07 JPY (buy) 25,900,000 2023/01-2023/07 EUR (sell) 4,700 2023/02-2023/06 USD (buy) 5,043 2023/02-2023/06 HKD (sell) 53,140 2023/02-2023/04 USD (buy) 6,800 2023/02-2023/04 USD (sell) 469,600 2023/02-2023/05 TWD (buy) 14,295,584 2023/02-2023/05
Foreign exchange swap contracts
				USD (sell) TWD (buy)	457,000 13,865,620	2023/02-2023/05 2023/02-2023/05

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

~18~

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

	March 31,2024	December 31,2023	March 31,2023
Non-current items
Equity instruments
Listed stocks Unlisted stocks	$ 7,868,567 56,862	$ 6,532,864	$ 6,112,031
		132,150	20,952
	$ 7,925,429	$ 6,665,014 $ 6,132,983

A. The Group has elected to classify equity instruments that are considered to be strategic investments and steady dividend income as financial assets at fair value through other comprehensive income.
B. For information on other comprehensive income for fair value change recognized by the Group for the three-month periods ended March 31, 2024 and 2023, please refer to Note 6(21) “Other equity”.

(4) Financial assets at amortized cost

equity”. Financial assets at amortized cost
	March 31,2024	December 31,2023	March 31,2023
Current items
Principal guaranteed financial assets	$ 9,255,436	$ 11,236,955	$ 28,045,085
Corporate bonds	— —	876,036 —	5,309,048 487,434
Fixed income financial products
	$ 9,255,436	$ 12,112,991	$ 33,841,567
Non-current items
Principal guaranteed financial assets	$ 21,184,026	$ 18,813,183	$ 6,456,841

A. The Group recognized $181,371 and $142,017 of interest income arising from the financial assets at amortized cost for the three-month periods ended March 31, 2024 and 2023, respectively.
B. The Group associates with a variety of financial institutions and counterparties all with high credit quality to disperse credit risk, so it expects that the probability of financial institution and counterparty default is remote.

(5) Notes receivable and accounts receivable

	March 31,2024	December 31,2023	March 31,2023
Notes receivable Accounts receivable	$ 481,087	$ 256,908	$ 185,746
	29,999,090	29,612,190	28,519,502
Total	30,480,177	29,869,098	28,705,248
Less: Allowance for uncollectible accounts	(285,482)	(284,588)	(279,119)
	$ 30,194,695	$ 29,584,510	$ 28,426,129

~19~

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

Not past due Up to 60 days 61 to 180 days Over 180 days	March 31,2024	December 31,2023	March 31,2023
	$ 29,041,214	$ 28,745,416 $ 27,555,063
	1,055,655 356,481 26,827	1,048,924 798,377 50,902 64,702 23,856 287,106
	$ 30,480,177	$ 29,869,098 $ 28,705,248

The above aging analysis was based on past due date.

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

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

(6) Inventories

Inventories
	March 31,2024	December 31,2023	March 31,2023
Raw materials and supplies Work in progress Finished goods	$ 5,032,735	$ 4,953,641	$ 6,320,096
	14,998,110	13,595,294	14,592,849
	16,790,772	18,601,641	13,409,284
	$ 36,821,617	$ 37,150,576	$ 34,322,229

For the three-month periods ended March 31, 2024 and 2023, the Group recognized cost of goods sold for inventories that have been sold at $49,124,637 and $48,798,665, and recognized net inventory gain (loss) at $773,837 and ($4,356) 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

FI Medical Device Manufacturing Co., Ltd. CDIB-Innolux Limited Partnership CDIB-Innolux II Limited Partnership	March 31,2024	December 31,2023	March 31,2023
	$ 323,278	$ 308,214	$ 300,757
	240,766	243,859	233,368
	97,071	—	—
PanelSemi Corporation	87,317	95,884	147,654
Ampower Holding Ltd.	52,024	48,561	896,105
Others	6,498	7,073	19,464
	$ 806,954	$ 703,591	$ 1,597,348

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

below:
Profit (loss) for the period from continuing operations Other comprehensive income (loss) - net of tax Total comprehensive income (loss)	For the three-monthperiods ended March 31,
	2024 2023 $ 1,719 $ (4,054) 4,638 (5,639) $ 6,357 $ (9,693)

~20~

(8) Property, plant and equipment

Cost: Land Buildings Machinery and equipment Other equipment			2024
	At January1	Additions	Disposals	Transfer, net exchange differences and others At March 31

	$ 4,093,726	$ —	$ —	$ — $ 4,093,726
	208,693,827 560,880,697 51,757,595 825,425,845	210,613 500,553 3,402 714,568	(160,175) (866,855) (360,543)	1,416,967 210,161,232 5,567,432 566,081,827 972,910 52,373,364
Accumulated depreciation and impairment: Buildings Machinery and equipment Other equipment Unfinished construction and equipment under acceptance			(1,387,573)	7,957,309 832,710,149

	(160,271,939) (481,055,228) (45,670,031) (686,997,198) 10,824,364	(1,744,531) (4,949,227) (943,964) (7,637,722) 2,614,062	160,175 834,803 355,966	(725,779) $ (162,582,074) (1,567,139) (486,736,791) (217,046) (46,475,075) (2,509,964) (695,793,940)
			1,350,944
			—	(4,373,235) 9,065,191
	$ 149,253,011			$ 145,981,400

Cost: Land Buildings Machinery and equipment Other equipment			2023
	At January1 $ 4,093,726 208,111,269 545,736,320 51,037,607 808,978,922 (156,000,139) (467,000,256) (44,540,303) (667,540,698) 16,095,294	Additions	Disposals $ — (70,496) (796,071) (265,590) (1,132,157) 67,503 792,544 259,016 1,119,063 —	Transfer, net exchange differences and others At March 31 $ — $ 4,093,726 508,988 208,666,712 2,813,033 548,594,816 1,013,711 51,788,940 4,335,732 813,144,194 (82,960) (157,835,761) (171,764) (471,102,935) (23,300) (45,322,605) (278,024) (674,261,301) (2,919,939) 17,530,555
		$ — 116,951 841,534 3,212
Accumulated depreciation and impairment:		961,697
		(1,820,165) (4,723,459) (1,018,018)
Buildings Machinery and equipment Other equipment
Unfinished construction and equipment under acceptance		(7,561,642)
		4,355,200
	$ 157,533,518			$ 156,413,448

A. Information about the property, plant and equipment that were pledged to others as collateral is provided in Note 8.
B. As of March 31, 2024, December 31, 2023 and March 31, 2023, the prepayments for business facilities which have not yet entered the factory (shown as ‘other non-current assets’) amounted to $942,213, $914,846 and $2,682,639, respectively.
C. Information about impairment assessment is provided in Note 6(11).

(9) Leasing arrangements－lessee

A. The Group leases various assets including land, buildings and other equipment. Rental contracts are typically made for periods of 2 to 50 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes.
B. Short-term leases with a lease term of 12 months or less comprise office, dormitory and equipment. Low-value assets comprise computer equipment.

~21~

C. The carrying amounts of right-of-use assets and the depreciation charge are as follows:

	March 31, 2024	March 31, 2024	December 31, 2023	March 31, 2023
	Carryingamount		Carryingamount Carryingamount
Land Buildings	$	3,956,847	$ 3,942,352	$ 4,570,265
		137,200	149,272	160,668
Other equipment		173	217 862
	$	4,094,220	$ 4,091,841	$ 4,731,795

Land Buildings Other equipment		For	the three-monthperiods ended March 31,
		2024 2023
		Depreciation Charge Depreciation Charge
		$ 113,304 $ 122,063
		15,782 14,566 47 325
		$ 129,133 $ 136,954

D. For the three-month periods ended March 31, 2024 and 2023, the additions to right-of-use assets were $173 and $7,928, respectively.
E. The information on profit and loss accounts relating to lease contracts is as follows:

	Items affecting profit or loss	Items affecting profit or loss	For the three-monthperiods ended March 31,	For the three-monthperiods ended March 31,	For the three-monthperiods ended March 31,
			2024 2023

	Interest expense on lease liabilities		$ 16,724 $ 19,307
	Expense on variable lease payments Expense on short-term lease contracts		44,474 19,655 5,397		42,507 14,515 7,503
	Expense on leases of low-value assets
				2024
		At January1		Additions At March 31
Cost: Land Buildings Accumulated depreciation:		$ 188,247 439,228		$ — $ 188,247 — 439,228
		627,475		— 627,475

Buildings		(211,398)		(6,947) (218,345)
		$ 416,077		$ (6,947) $ 409,130

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

Buildings		(183,609)		(6,947) (190,556)
		$ 443,866		$ (6,947) $ 436,919

F. For the three-month periods ended March 31, 2024 and 2023, the Group’s total cash outflow for leases were $259,739 and $241,492, respectively.

(10) Investment property

~22~

The fair value of the investment property held by the Group as at March 31, 2024, December 31, 2023 and March 31, 2023 was $1,760,602, $1,751,066 and $1,697,991, 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
	At January1	Additions	Disposals	Transfer, net exchange differences and others At March 31
Cost: Patents and royalty Goodwill Others	$ 8,230,654 17,117,339 4,460,568	$ — — —	$ — — (1,658)	$ — $ 8,230,654 — 17,117,339 19,893 4,478,803
	29,808,561	—	(1,658)	19,893 29,826,796
Accumulated amortization and impairment:	(8,208,741) (4,057,448)	(4,911) (30,771)	— 1,658	— (8,213,652) 2,107 (4,084,454)
Patents and royalty
Others
	(12,266,189)	(35,682)	1,658	2,107 (12,298,106)
	$ 17,542,372	$ (35,682)	$ —	$ 22,000 $ 17,528,690

			2023
	At January1	Additions	Disposals	Transfer, net exchange differences and others At March 31
Cost: Patents and royalty Goodwill Others	$ 8,229,854 17,117,339 4,677,996	$ — — 103	$ — — (74,564)	$ — $ 8,229,854 — 17,117,339 22,863 4,626,398
	30,025,189	103	(74,564)	22,863 29,973,591
Accumulated amortization and impairment:	(8,188,585) (4,325,244)	(4,931) (26,813)	— 74,564	1 (8,193,515) (1,388) (4,278,881)
Patents and royalty
Others
	(12,513,829)	(31,744)	74,564	(1,387) (12,472,396)
	$ 17,511,360	$ (31,641)	$ —	$ 21,476 $ 17,501,195

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

Operating costs Operating expenses	For the three-monthperiods ended March 31,	For the three-monthperiods ended March 31,
	2024 2023
	$ 11,272	$ 10,298 21,446
	24,410
	$ 35,682	$ 31,744

C. The Group periodically performed impairment assessment on the recoverable amount of goodwill and property, plant and equipment, and used the value in use as the basis for calculation of

~23~

the recoverable amount.The value in use was calculated based on the estimated present value of future cash flows for five years.

(12) Short-term borrowings

(12)	Short-term borrowings
(13)	Type of borrowings	March 31,2024		December 31,2023		March 31,2023 Collateral
	Bank borrowings Unsecured borrowings			$ 170,000		$ 395,000 None
		$ 435,440
	Range of interest rates	1.60%~2.80%		1.78%~1.80%		1.85%~1.92%
	Other payables
			March 31,2024		December 31,2023		March 31,2023
	Other personnel expenses Payable on machinery and equipment Repairs and maintenance and Utilities expense payable		$ 7,554,549		$ 8,372,824		$ 7,288,173
			3,954,427		5,167,549 3,604,584		4,391,833 3,787,164
			3,369,292
	Other payables		10,595,447		11,191,105		10,961,772
			$ 25,473,715		$ 28,336,062		$ 26,428,942

- (14) Long term borrowings

Utilities expense payable Other payables )Long-term borrowings	$	3,369,292 10,595,447 25,473,715 $	3,604,584 11,191,105 28,336,062 $	3,787,164 10,961,772 26,428,942
Type of borrowings	Period	March 31, 2024	December 31, 2023	March 31, 2023
Syndicated bank borrowings	2019/4/15 ~2026/3/24	$ 33,750,000	$ 37,500,000	$ 72,500,000
Unsecured borrowings Secured borrowings	2021/12/2 ~2030/12/20	2,559,751	2,141,760	862,284
	2021/9/22 ~2024/9/22	16,667	25,000 (113,698)	50,000 (189,351)
Less: Administrative expenses charged by syndicated banks Current portion (includes administrative expenses) Range of interest rates		(100,579)
		(7,636,232)	(7,575,503) (12,523,609)
		$ 28,589,607	$ 31,977,559	$ 60,699,324
		1.50%~3.80%	1.38%~3.80% 1.38%~4.00%

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 year ended December 31, 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 to be drawn down in the first quarter of 2023.

~24~

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 March 31, 2024, the borrowing has yet to be drawn down.
(15) Pensions
A. Defined benefit pension plans
- (a) The Company and its domestic subsidiaries have a defined benefit pension plan in accordance with the Labor Standards Law, covering all regular employees’ service years prior to the enforcement of the Labor Pension Act on July 1, 2005 and service years thereafter of employees who chose to continue to be subject to the pension mechanism under the Law.
- (b) In January 2024, the Science Park, Ministry of Science and Technology has granted approval to the Company to stop contributing to the retirement fund temporarily.
B. Defined contribution pension plans
- (a) Effective July 1, 2005, the Company and its domestic subsidiaries have established a defined contribution pension plan (the “New Plan”) under the Labor Pension Act (the “Act”), covering all regular employees with R.O.C. nationality.
- (b) The Company’s foreign subsidiaries have provided the pension in accordance with statutory laws and regulations.
C. The pension costs under the abovementioned pension plans of the Group for the three-month periods ended March 31, 2024 and 2023 were $464,512 and $476,551, respectively.

(16) Share-based payment

A. For the three-month periods ended March 31, 2024 and 2023, the share-based payment
arrangements of the Group were as follows:

Type of arrangement	Grant date	Quantity granted (in thousand units)	Contract period (inyears) Vesting conditions	Contract period (inyears) Vesting conditions
Employee stock options Capital increase for employee stock options Restricted Stock Award Treasury stock transferred to employees Restricted Stock Award	2020/07/07	3,414	6	Note 1
	2023/03/23 2023/03/24	540 6,844	—	Note 2 Note 3
			10
	2023/10/26	40,418	—	Vested immediately
	2024/01/26	151	—	Note 3

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

Note 1: The employees’ stock options of the subsidiary, InnoCare Company, can be exercised based on the issue date. The employee stock options are vested after 2, 3 and 4 years of service at the rate to 30%, 30% and 40%, respectively. Stock options that were not exercised before the expiry date will be permanently forfeited.
Note 2: Relative to the capital increase for employee stock options of the subsidiary, InnoCare Company, the board of directors of InnoCare Company during its meeting on

~25~

December 28, 2022 resolved to increase capital totaling 3,600 thousand shares, and retained 540 thousand shares as employees’ stock options.

Note 3:The restricted stocks of the subsidiary, CarUX Holding Limited (“CarUX Company”), shall be exercised based on the issue date under the following two plans: (a) the restricted stocks are 100% vested after 4 years of service and can be exercised based on the specified non-marketing price of issuance; and (b) the restricted stocks are vested after 1 to 4 years of service at the rate to 25%, 25%, 25% and 25%, respectively and can be exercised based on specified non-marketing price of issuance.
B. Details of the share-based payment arrangements are as follows:
Restricted stock award－CarUX Company
- As of December 31, 2023, the details of the restricted stock award of CarUX Company are as follows:

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

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

~26~

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

Type of arrangement	Grant date	Discount rate	Discount for turnover	Discount for control right
Restricted stock award	2024.01.26 2023.03.24	13.9% 13.7%	7.2% 12%	20% 20%
Restricted stock award

CarUX Company and its subsidiaries consider both service conditions and non-market vesting conditions when the restricted stocks are issued. CarUX company and its subsidiaries also take into account the probability as to whether the non-market vesting conditions will be achieved. On the grant date and as of March 31, 2024, no related expense and other equity - unearned remuneration was recognized.

－
(b) Employee stock options InnoCare Company

		2024	2023	2023
	Quantity (in thousand units)	Weighted-average exercise price (in dollars)	Quantity (in thousand units)	Weighted-average exercise price (in dollars)
Options outstanding at the beginning of the period	1,763	$ 14.5	2,614	$ 14.5
Options exercised Options outstanding at the end of the period	(31)	14.5 14.5	(2)	14.5 14.5
	1,732		2,612
Options exercisable at the end of the period	366	14.5	222	14.5

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

follows:
Issue date approved 2020.07.7	Expirydate 2026.7.06	March 31,2024
		Quantity (in thousand units) Exercise price (in dollars) 1,732 $ 14.5

		December 31,2023
Issue date approved	Expirydate 2026.7.6 Expirydate 2026.7.6	Quantity (in thousand units) Exercise price (in dollars)
2020.7.7		1,763 14.5

		March 31,2023
Issue date approved		Quantity (in thousand units) Exercise price (in dollars)
2020.7.7		2,612 14.5

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

~27~

Type of arrangement	Price (in dollars)	Exercise price (in dollars)	Expected volatility (%)	Expected duration (inyears)		Risk-free interest rate(%)
Employee stock options	23.61 99.69	22.50 70.00	35.59~ 37.23 33.09	4~5 5 days		0.34~ 0.37 0.98
Capital increase for employee stock options

E. For the three-month periods ended March 31, 2024 and 2023, the Group recognized expenses on share-based payment transaction (equity-settled) amounting to $696 and $17,374, respectively.

(17) Provisions-current

Provisions-current
At January 1, 2024 Additions during the period Used (unused amounts reversed) during the period Effect of change in exchange rate At March 31, 2024	Warranty	Litigation and others	Total
	$ 1,694,169	$ 1,678,598	$ 3,372,767
	203,865 (174,879) 308	51,506 255,371 — (174,879 — 308
	$ 1,723,463	$ 1,730,104	$ 3,453,567

A. Warranty

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

  - B. Litigation and others

     - Litigation and other provisions for the Group are related to patents of TFT-LCD panel products and anti-trust litigations. For information on estimation of provisions, please refer to Note 9(1).

(18) Share capital
- A. As of March 31, 2024, the Company’s authorized and outstanding capital were $120,000,000 and $90,786,334, with a par value of $10 (in dollars) per share, respectively. All proceeds from shares issued have been collected. The number of common shares outstanding at the beginning and end of the first quarter of 2024 was both 9,074,006 thousand shares; the number of common shares outstanding at the beginning and end of the first quarter of 2023 was both 9,511,206 thousand shares.

B. 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:
		March 31,2024
Name of company holdingthe shares	Reason for reacquisition	Quantity (in thousand units)	Book Value
The Company	To be reissued to employees	4,627	$ 62,467

		March 31,2023
Name of company holdingthe shares	Reason for reacquisition	Quantity (in thousand units)	Book Value
The Company	To be reissued to employees	45,250	$ 602,916

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

~28~

declaration became effective and the change registration was completed in the third quarter of 2023 and 2022, the Company eliminated 2,263 thousand shares and 4,750 thousand shares and reduced cost of treasury shares by $22,625 and $47,500, respectively. For the year ended December 31, 2023, treasury stocks transferred to employees of the Company and subsidiaries were 40,418 thousand shares, 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.

2024

	to shareholders in proportion to their share ownership, provided that the lated deficit. Further, the R.O.C. Securities and Exchange Act requires surplus to be capitalized mentioned above should not exceed 10% of the Accumulated deficit shall first be covered by retained earnings before used to cover the accumulated deficit.	to shareholders in proportion to their share ownership, provided that the lated deficit. Further, the R.O.C. Securities and Exchange Act requires surplus to be capitalized mentioned above should not exceed 10% of the Accumulated deficit shall first be covered by retained earnings before used to cover the accumulated deficit.	to shareholders in proportion to their share ownership, provided that the lated deficit. Further, the R.O.C. Securities and Exchange Act requires surplus to be capitalized mentioned above should not exceed 10% of the Accumulated deficit shall first be covered by retained earnings before used to cover the accumulated deficit.	to shareholders in proportion to their share ownership, provided that the lated deficit. Further, the R.O.C. Securities and Exchange Act requires surplus to be capitalized mentioned above should not exceed 10% of the Accumulated deficit shall first be covered by retained earnings before used to cover the accumulated deficit.	to shareholders in proportion to their share ownership, provided that the lated deficit. Further, the R.O.C. Securities and Exchange Act requires surplus to be capitalized mentioned above should not exceed 10% of the Accumulated deficit shall first be covered by retained earnings before used to cover the accumulated deficit.
	2024
	Sharepremium	Treasury share transactions	Changes in ownership interests in subsidiaries	Share of profit (loss) of associates accounted for under equitymethod	Difference between proceeds on acquisition or disposal of equity interest in a subsidiary and its carrying amount Total
At January 1	$ 100,054,920	$ 3,117,490	$ 172,563	$ 48,080	$ 75,605 $ 103,468,658
Recognition of changes in ownership interests in subsidiaries Recognition of change in equity of associates in proportion to the Group's ownership Others At March 31	— — 4,904	— — —	186 — —	— (65) —	— 186 — (65) — 4,904
	$ 100,059,824	$ 3,117,490	$ 172,749	$ 48,015	$ 75,605 $ 103,473,683

~29~

2023

At January 1 Recognition of changes in ownership interests in subsidiaries Recognition of change in equity of associates in proportion to the Group's ownership	Sharepremium	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
	$ 100,006,693 — —	$ 3,183,414 — —	$ 16,653 267,136 —	$ 41,524 — 224	$ 64,130	$ 103,312,414 267,136 224
					— —
Difference between consideration and carrying amount of subsidiaries disposed	—	—	—	—	11,475 11,475
Others At March 31	2,674	—	—	—	—	2,674
	$ 100,009,367	$ 3,183,414	$ 283,789	$ 41,748	$ 75,605	$ 103,593,923

(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

~30~

share ownership is permitted, provided that the balance of the reserve exceeds 25% of the Company’s paid-in capital.
C. The 2023 deficit compensation was resolved at the Board of Directors’ meeting in April 2024 and the 2022 deficit compensation which was approved at the stockholders’ meeting in May 2023. The Company recognized appropriation for special reserve of $1,633,547 and $2,361,016 in 2024 and 2023, respectively.

(21) Other equity items

(21)Other equity items	(21)Other equity items
At January 1 Revaluation - gross Currency translation differences Share of other comprehensive income of associates Effect of income tax At March 31 At January 1 Revaluation - gross Currency translation differences Share of other comprehensive income of associates Effect of income tax At March 31 (22)Operating income TFT-LCD products				2024
		Currency translation $ (9,809,347) — 3,418,363 4,638 — $ (6,386,346)		Financial assets at fair value through other comprehensive income Total $ 2,610,648 $ (7,198,699) 952,865 952,865 — 3,418,363 — 4,638 (189,732) (189,732) $ 3,373,781 $ (3,012,565) 2023 Financial assets at fair value through other comprehensive income Total $ 2,608,670 $ (5,565,152) 805,439 805,439 — 279,753 — (5,639) (86,759) (86,759) $ 3,327,350 $ (4,572,358)
		Currency translation $ (8,173,822) — 279,753 (5,639) — $ (7,899,708)

			For	the three-monthperiods ended March 31,
				2024 2023
	TFT-LCD products		$	50,492,208	$ 45,595,408

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

~31~

(23) Interest income

Interest income
	For the three-monthperiods ended March 31,
	2024 2023
Interest income from bank deposits Interest income from financial assets at amortized cost	$ 290,796 $ 366,981
	181,371	142,017
	$ 472,167 $ 508,998
Other income
	For the three-monthperiods ended March 31,
	2024 2023
Service revenue	$ 80,819	$ 320,155
Rental revenue	53,335	38,944
Grant revenue	26,229	60,317
Dividend income	—	115
Other income	202,298	473,098
	$ 362,681 $ 892,629
Other gains and losses
	For the three-monthperiods ended March 31,
	2024 2023
Net (loss) gain on financial assets and liabilities at fair value through profit or loss Net currency exchange gain or loss	$ (2,011,389) $ 898,687
	961,521 (22,506) (8,747)	(311,586) (10,938) (16,919)
Loss on disposal of property, plant and equipment Other losses
	$ (1,081,121) $ 559,244
Finance costs
	For the three-monthperiods ended March 31,
	2024 2023
Interest expense: Bank borrowings Others
	$ 281,602 $ 266,202
	16,747	19,331
	$ 298,349 $ 285,533

(24) Other income

(25) Other gains and losses

(26) Finance costs

~32~

(27) Expenses by nature

Expenses by nature
	For the three-monthperiods ended March 31,
	2024 2023
Employee benefit expense: Salaries and other short-term employee benefits Share-based payments Post-employment benefits Depreciation Amortization
	$ 8,773,178 $ 7,823,882
	696 464,512 7,782,443 35,682	17,374 476,551 7,705,543 31,744
	$ 17,056,511	$ 16,055,094

(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 three-month periods ended March 31, 2024 and 2023, the Company incurred a net loss, and thus did not accrue employees’ compensation and directors’ remuneration.
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 expense
(a) Components of income tax expense:

website of the Taiwan Stock Exchange. e tax ome tax expense Components of income tax expense:
	For the three-monthperiods ended March 31,
	2024 2023
Current tax:	$ 361,986 $ 329,297
Current tax on profit for the period
Prior year income tax underestimation (overestimation)	5,314 (710)
Total current tax Deferred tax: Origination and reversal of temporary differences	367,300 328,587

	$ 14,082	$ 489,913
Income tax expense	$ 381,382 $ 818,500

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

~33~

	For the three-monthperiods ended March 31,	For the three-monthperiods ended March 31,
	2024 2023
Changes in fair value of financial assets at fair value through other comprehensive income	$ 189,732	$ 86,759

B. The Company’s income tax returns through 2021 have been assessed and approved by the Tax Authority.
C. 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 where the Pillar Two legislation was substantially enacted by the Singapore government and will come into effect from 2025.

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 Germany, Netherlands and Japan, the average effective tax rate based on accounting profit is over 15% for the three-month period ended March 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 Company and subsidiaries have no significant related current tax exposure for the three-month period ended March 31, 2024.

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

(30) Loss per share

Basic loss per share	For the three-month period ended March 31, 2024	For the three-month period ended March 31, 2024	For the three-month period ended March 31, 2024
	Amount after tax	Weighted average number of ordinary shares outstanding (shares in thousands) Loss per share (in dollars)

Loss attributable to ordinary shareholders of the parent	$ (4,103,893)	9,074,006	$ (0.45)

~34~

For the three-monthperiod ended March 31, 2023	For the three-monthperiod ended March 31, 2023	For the three-monthperiod ended March 31, 2023
Amount after tax	Weighted average number of ordinary shares outstanding (shares in thousands) Loss per share (in dollars)

$ (7,768,749)	9,511,206	$ (0.82)

(31) Supplemental cash flow information

Investing activities with partial cash payments:

Basic loss per share Loss attributable to ordinary shareholders of the parent $ Supplemental cash flow information Investing activities with partial cash payments:	(7,768,749) 9,511,206 $ (0.82)
	For the three-monthperiods ended March 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 period	$ 3,328,630 $ 5,316,897
	5,167,549 4,759,328 (3,954,427) (4,391,833)
	$ 4,541,752 $ 5,684,392

7. RELATED PARTY TRANSACTIONS

(1) Names and relationship of related parties

Less: Ending balance of payable on equipment Cash paid during the period $ TED PARTY TRANSACTIONS Names and relationship of related parties	(3,954,427) (4,391,833 4,541,752 $ 5,684,392
Names of relatedparties	Relationshipwith the Group
Hon Hai Precision Industry Co., Ltd. and its subsidiaries	Other related party
PanelSemi Corporation and its subsidiaries	Associate

(2) Significant related party transactions

A. Operating revenue

nificant related party transactions Operating revenue
	For the three-monthperiods ended March 31,
	2024 2023
Sales of goods: Other related parties Associates
	$ 253,442	$ 388,047
	77,902	77,844
	$ 331,344 $ 465,891

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

B. Purchases of goods

Purchases of goods
	For the three-monthperiods ended March 31,
	2024 2023
Purchases of goods: Other related parties Associates
	$ 728,948 $ 949,138
	42,302 22,681
	$ 771,250 $ 971,819

~35~

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

C. Receivables from related parties

from third parties. Receivables from related parties
	March 31,2024	December 31,2023	March 31,2023
Accounts receivable: Other related parties Associates
	$ 395,562	$ 351,153	$ 408,318
	49,499	79,708	57,077
	$ 445,061	$ 430,861	$ 465,395

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

D. Payables to related parties

Payables to related parties
	March 31,2024	December 31,2023	March 31,2023
Accounts payable: Other related parties Associates
	$ 1,040,386	$ 1,139,994	$ 1,246,832
	59,762	65,009	75,011
	$ 1,100,148	$ 1,205,003	$ 1,321,843

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

E. Property transactions

Purchase of property

(a) Acquisition of property, plant and equipment:

	For the three-monthperiods ended March 31,	For the three-monthperiods ended March 31,
	2024 2023
Other related parties	$ 2,038 $ 1,538
Associates	5,149	2,063
	$ 7,187	$ 3,601

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

	March 31,2024	December 31,2023	March 31,2023
Associates Other related parties	$ — 2,040	$ 1,059	$ 2,026
		—	—
	$ 2,040	$ 1,059	$ 2,026

~36~

(3) Key management compensation

Key management compensation
	For the three-monthperiods ended March 31,
	2024 2023
Salaries and other short-term employee benefits Share-based payments Post-employment benefits	$ 29,748 $ 26,953
	60 123 392 378
	$ 30,200 $ 27,454

8. PLEDGED ASSETS

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

		Book value
Pledged asset	March 31,2024	December 31,2023	March 31,2023 Purpose
Property, plant and equipment	$ 64,870,866	$ 52,079,922 18,090 —	$ 51,014,966 Long-term borrowings 15,620 Tariff guarantee and performance bond 852,600 Litigation guarantee
Other assets - others	2,470 —
-Time deposits
-Refundable deposits
	$ 64,873,336	$ 52,098,012	$ 51,883,186

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. The Company had assessed and recognized related losses and liabilities as shown in ‘provisionscurrent’ for the aforementioned investigation relating to anti-trust laws and patent litigation.
(2) Commitments
A. Capital expenditures contracted for at the balance sheet date but not yet incurred are as follows:

~37~

March 31, 2024 December 31, 2023 March 31, 2023 Property, plant and equipment $ 16,424,029 $ 16,858,243 $ 42,700,378

B. Outstanding letters of credit

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

March 31, 2024 December 31, 2023 March 31, 2023 Outstanding letters of credit $ 101,452 $ 38,636 $ 447,858

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 March 31, 2024, the remaining amount the Group has not paid was RMB 1.1 billion. SDP Global (China) Co., LTD. committed to supply certain products in specified quantities each year from January 1, 2022 to December 31, 2033 to the Company and its subsidiary, Foshan Innolux Optoelectronics Ltd. The abovementioned prepayments to suppliers of the Group are shown as ‘prepayments’ and ‘other non-current assets’ based on liquidity amounting to $1,121,698 and $11,272,142, respectively, as of March 31, 2024, and $0 and $11,917,004, respectively, as of December 31, 2023 and $0 and $12,617,704, respectively, as of March 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. SUBSEQUENT EVENTS AFTER THE BALANCE SHEET DATE

On April 19, 2024, the Board of Directors of the Company resolved to reduce its capital and return cash to shareholders in the amount of $10,894,360, constituting 1,089,436 thousand shares which will be cancelled. The capital reduction percentage is approximately 12.0%. After the resolution of the shareholders during their meeting, such proposal shall be reported to the competent authorities for approval. The Chairman of the Board has been authorized to determine the record date for capital reduction and replacement of shares, and other related matters.

12. OTHERS

(1) Capital management

No significant changes during the period. Please refer to Note 12 in the consolidated financial statements for the year ended December 31, 2023.

(2) Financial instruments

A. Financial instruments by category

For information on the Group’s financial assets (financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income, financial assets at amortized cost, cash and cash equivalents, accounts receivable (including related parties), other receivables and partial other assets-others (including current and non-current portion)) and financial liabilities (short-term borrowings, financial liabilities at fair value through profit or

~38~

loss, accounts payable (including related parties), other payables, lease liability and long-term borrowings (including current portion)), please refer to Note 6 and consolidated balance sheets.

B. Financial risk management policies
No significant changes during the period. Please refer to Note 12 in the consolidated financial statements for the year ended December 31, 2023.
C. Significant financial risks and degrees of financial risks
Except for the following, there was no significant change during the period. Please refer to Note 12 in the consolidated financial statements for the year ended December 31, 2023.
(a) Market risk

Foreign exchange risk

i. The Group operates internationally and is exposed to foreign exchange risk arising from the transactions of the Group used in various functional currency, primarily with respect to the USD, JPY and RMB. Foreign exchange risk arises from future commercial transactions, recognized assets and liabilities and net investments in foreign operations.
ii. The Group’s businesses involve some non-functional currency operations (the Company’s and certain subsidiaries’ functional currency: NTD; other certain subsidiaries’ functional currency: RMB and USD). Based on the simulations performed, the impact on pre-tax profit of a 1% exchange rate fluctuation would be an increase of $166,784 and $403,916 for the three-month periods ended March 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:

follows:
		March 31,2024			December31,2023
	Foreign Currency Amount (In Thousands)	Exchange Rate (Note)	Book Value (NTD)	Foreign Currency Amount (In Thousands)	Exchange Rate (Note)	Book Value (NTD)
Financial assets
Monetary items
USD	$ 2,982,889	32	$ 95,452,448	$ 3,301,397	30.71	$ 101,385,902
RMB EUR HKD JPY SGD	356,151 25,738 78,562 1,117,017 6,684	4.51 34.46 4.09 0.21 23.72	1,606,241 886,931 321,319 234,574 158,544	356,070 27,029 91,618 9,272,243 8,038	4.34 33.98 3.93 0.22	1,545,344 918,445 360,059 2,039,893 187,205
					23.29
Non-monetary items
USD JPY RMB	$ 3,036,895	32	$ 97,180,640	$ 3,027,259	30.71	$ 92,967,124
	10,072,813 230,149	0.21 4.51	2,115,291 1,037,972	9,692,603 239,440	0.22 4.34	2,132,373 1,039,170
Financial liabilities Monetary items
USD	$ 2,341,870	32	$ 74,939,840	$ 2,576,704	30.71 0.22 33.98	$ 79,130,580
JPY EUR	30,289,174 19,766	0.21 34.46	6,360,727 681,136	33,051,980 17,205		7,271,436 584,626

~39~

Financial assets Monetary items USD RMB EUR HKD JPY Non-monetary items USD JPY RMB Financial liabilities Monetary items USD JPY EUR SGD		March 31,2023
	Foreign Currency Amount (In Thousands)	Exchange Rate (Note) Book Value (NTD)
	$ 3,856,336 558,738 15,306 87,659 1,000,167 $ 2,978,022 9,596,710 251,667 $ 2,410,435 28,782,329 13,505 5,289	30.45 $ 117,425,431 4.43 2,475,209 33.15 507,394 3.88 340,117 0.23 230,038 30.45 $ 90,680,770 0.23 2,207,243 4.43 1,114,885 30.45 $ 73,397,746 0.23 6,619,936 33.15 447,691 22.91 121,171

Note: Exchange rate represents the amount of NT dollars for which one foreign currency could be exchanged.
iii. Total exchange gain (loss), including realized and unrealized arising from significant foreign exchange variation on the monetary items held by the Group for the three-month periods ended March 31, 2024 and 2023 amounted to $961,521 and $(311,586), respectively.

Price risk

i. The Group is exposed to equity securities price risk because of investments held by the Group and classified on the consolidated balance sheet as financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income. To manage its price risk arising from investments in equity securities, the Group diversifies its portfolio. Diversification of the portfolio is done by the Group in respect of the targets and stages.
ii. The Group’s investments in equity securities comprise domestic listed and unlisted stocks, beneficiary certificates and financial products. The prices of equity securities would change due to the change of the future value of investee companies. If the prices of these equity securities had increased/decreased by 20% with all other variables held constant, pre-tax profit for the three-month periods ended March 31, 2024 and 2023 would have increased/decreased by $905,765 and $2,584,278, respectively; other comprehensive income and losses would have increased/decreased by $1,585,086 and $1,226,597, respectively.

Cash flow and fair value interest rate risk

i. The Group’s main interest rate risk arises from long-term borrowings with variable rates, which expose the Group to cash flow interest rate risk. During the three-month

~40~

periods ended March 31, 2024 and 2023, the Group’s borrowings at variable rate were denominated in the NTD and RMB.

ii. If the borrowing interest rate had increased/decreased by 0.25% with all other variables held constant, pre-tax profit for the three-month periods ended March 31, 2024 and 2023 would have decreased/increased by $22,629 and $46,130, respectively. The main factor is that changes in interest expense result from floating rate borrowings.
(b) Credit risk
i. Credit risk refers to the risk of financial loss to the Group arising from default by the clients or counterparties of financial instruments on the contract obligations. The main factor is that counterparties could not repay in full the accounts receivable based on the agreed terms, and the contract cash flows. As at March 31, 2024, December 31, 2023 and March 31, 2023, without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the financial assets at amortized cost and accounts receivable held by the Group was its carrying amount.
ii. According to the Group’s credit policy, each local entity in the Group is responsible for managing and analysing the credit risk for each of their new clients before standard payment and delivery terms and conditions are offered. Internal risk control assesses the credit quality of the customers, taking into account their financial position, past experience and other factors. Individual risk limits are set based on internal or external ratings in accordance with limits set by the managements. The utilization of credit limits is regularly monitored.
iii. The Group adopts the following assumption under IFRS 9 to assess whether there has been a significant increase in credit risk on that instrument since initial recognition: If the contract payments are past due over 30 days based on the terms, there has been a significant increase in credit risk on that instrument since initial recognition.
iv. The Group adopts the assumption under IFRS 9, that is, the default occurs when the contract payments are past due over 90 days.
v. The Group classifies customer’s accounts receivable in accordance with credit rating of customer, credit risk on trade and customer types. The Group applies the simplified approach using the provision matrix to estimate expected credit loss.
vi. The following indicators are used to determine whether the credit impairment of debt instruments has occurred:
(i) It becomes probable that the issuer will enter bankruptcy or other financial reorganization due to their financial difficulties;
(ii) Default or delinquency in interest or principal repayments;
(iii) Adverse changes in national or regional economic conditions that are expected to cause a default.
vii. The Group uses the forecastability to adjust historical and timely information to assess the default possibility of accounts receivable.

~41~

According to abovementioned consideration and information, the Group does not expect any significant default possibility of accounts receivable.

viii. Movements in relation to the Group applying the simplified approach to provide loss allowance for accounts receivable are as follows:

allowance for accounts receivable are as follows:
At January 1 Effect on exchange rate changes At March 31 At January 1 Effect on exchange rate changes At March 31	2024
	Accounts receivable
	$ 284,588 894
	$ 285,482

	2023
	Accounts receivable
	$ 279,260 (141)
	$ 279,119

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

(c) Liquidity risk

The information below analyses the Group’s non-derivative financial liabilities and netsettled or gross-settled derivative financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date for nonderivative 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:

March 31,2024	Less than 1year	Between 1 and 3years	Between 3 and 5years	Over 5years Total
Lease liability (Note) Long-term borrowings (including current portion) December 31,2023	$ 623,952 7,658,582 Less than 1year	$ 1,040,814 26,892,721 Between 1 and 3years	$ 910,436 126,472 Between 3 and 5years	$ 1,374,531 $ 3,949,733 1,648,643 36,326,418 Over 5years Total
Lease liability (Note) Long-term borrowings (including current portion) March 31,2023	$ 656,258 7,598,243	$ 1,023,995 30,581,208	$ 904,084 38,153	$ 1,431,487 $ 4,015,824 1,449,156 39,666,760
	Less than 1year	Between 1 and 3years	Between 3 and 5years	Over 5years Total
Lease liability (Note) Long-term borrowings (including current portion)	$ 757,531 12,547,989	$ 1,195,374 60,423,755	$ 1,031,790 195,978	$ 1,822,610 $ 4,807,305 244,562 73,412,284

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.

~42~

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

(3) Fair value information

A. The different levels that the inputs to valuation techniques are used to measure fair value of financial and non-financial instruments have been defined as follows:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. A market is regarded as active where a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. The fair value of the Group’s investment in listed stocks and beneficiary certificates is included in Level 1.
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The fair value of the Group’s investment in derivative instruments and financial products is included in Level 2.
Level 3: Unobservable inputs for the asset or liability. The fair value of the Group’s investment in equity investment without active market and bonds payable is included in Level 3.
B. Fair value information of investment property at cost is provided in Note 6(10). C. Financial instruments not measured at fair value
Except for those listed in the table below, the carrying amounts of cash and cash equivalents, accounts receivable (including related parties), other receivables, financial assets at amortized cost, partial other assets-others (including current and non-current portion), accounts payable (including related parties), other payables, lease liability, short-term borrowings and long-term borrowings (including current portion) are approximate to their fair values.

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

	March 31,2023
		Fair value
Book value	Level 1	Level 2 Level 3

$ 5,309,048	$ —	$ 5,232,960 $ —

D. The related information of 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:

~43~

March 31,2024	Level 1	Level 2	Level 3 Total
Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Forward foreign exchange contracts Convertible bonds Foreign exchange swap contracts Financial instruments Financial assets at fair value through other comprehensive income Equity securities Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Forward foreign exchange contracts Foreign exchange swap contracts December 31,2023	$ 3,056,266 — — — — 7,868,567	$ — 6,911 — 5,209 203,062 —	$ 1,269,499 $ 4,325,765 — 6,911 211,289 211,289 — 5,209 — 203,062 56,862 7,925,429
	$ 10,924,833	$ 215,182	$ 1,537,650 $ 12,677,665
	$ — —	$ 270,421 48,409	$ — $ 270,421 — 48,409
	$ —	$ 318,830	$ — $ 318,830
	Level 1	Level 2	Level 3 Total
Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Forward foreign exchange contracts Convertible bonds Foreign exchange swap contracts Financial instruments Financial assets at fair value through other comprehensive income Equity securities Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Forward foreign exchange contracts

	$ 3,788,437 — — — — 6,532,864	$ — 396,892 — 63,875 177,261 —	$ 1,131,716 $ 4,920,153 — 396,892 202,738 202,738 — 63,875 — 177,261 132,150 6,665,014
	$ 10,321,301	$ 638,028	$ 1,466,604 $ 12,425,933
	$ —	$ 44,596	$ — $ 44,596

~44~

March 31,2023	Level 1	Level 2	Level 3 Total
Assets Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Forward foreign exchange contracts Convertible bonds Foreign exchange swap contracts Beneficiary certificates Financial instruments Financial assets at fair value through other comprehensive income Equity securities Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Forward foreign exchange contracts Foreign exchange swap contracts	$ 4,311,044 — — — 7,204,528 — 6,112,031	$ — 153,421 — 34,845 — 135,512 —	$ 1,270,305 $ 5,581,349 — 153,421 192,346 192,346 — 34,845 — 7,204,528 — 135,512 20,952 6,132,983
	$ 17,627,603	$ 323,778	$ 1,483,603 $ 19,434,984
	$ — —	$ 107,607 68,413	$ — $ 107,607 — 68,413
	$ —	$ 176,020	$ — $ 176,020

(b) The methods and assumptions the Group used to measure fair value are as follows:

i. The instruments the Group used market quoted prices as their fair values (that is, Level 1) are listed below by characteristics:

Market quoted price	Listed shares	Emergingstocks Corporate bond
	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 consolidated balance sheet date.
iii. When assessing non-standard and low-complexity financial instruments, for example, foreign exchange swap contracts and financial products, the Group adopts valuation technique that is widely used by market participants. The inputs used in the valuation method to measure these financial instruments are normally observable in the market.
iv. The valuation of derivative financial instruments is based on valuation model widely accepted by market participants, such as present value techniques and option pricing models. Forward foreign exchange contracts and foreign exchange swap contracts are usually valued based on the current forward exchange rate. Convertible bonds derivative instruments are measured by using appropriate option pricing models (binary tree model or Black-Scholes model for convertible bond pricing).

~45~

v. The output of valuation model is an estimated value and the valuation technique may not be able to capture all relevant factors of the Group’s financial and non-financial instruments. Therefore, the estimated value derived using valuation model is adjusted accordingly with additional inputs, for example, model risk or liquidity risk and etc. In accordance with the Group’s management policies and relevant control procedures relating to the valuation models used for fair value measurement, management believes adjustment to valuation is necessary in order to reasonably represent the fair value of financial and non-financial instruments at the consolidated balance sheet. The inputs and pricing information used during valuation are carefully assessed and adjusted based on current market conditions.
vi. The Group takes into account adjustments for credit risks to measure the fair value of financial and non-financial instruments to reflect credit risk of the counterparty and the Group’s credit quality.
E. For the three-month periods ended March 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 three-month periods ended March 31, 2024 and 2023:

ended March 31, 2024 and 2023:
		2024
Financial assets at fair value through profit or loss / Financial assets at fair value through other comprehensive income At January 1 Gains and losses recognized in other comprehensive income Effect on exchange rate changes At March 31 Financial assets at fair value through profit or loss / Financial assets at fair value through other comprehensive income At January 1 Gains and losses recognized in other comprehensive income Effect on exchange rate changes At March 31	Equitysecurities	Hybrid instrument Total
	$ 1,263,866 51,597 10,898	$ 202,738 $ 1,466,604 — 51,597 8,551 19,449
	$ 1,326,361	$ 211,289 $ 1,537,650
		2023
	Equitysecurities	Hybrid instrument Total
	$ 1,292,193 1,346 (2,282)	$ 193,988 $ 1,486,181 — 1,346 (1,642) (3,924)
	$ 1,291,257	$ 192,346 $ 1,483,603

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

~46~

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.

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:

value measurement:
Non-derivative equity instrument: Unlisted shares Hybrid instrument: Convertible bond	Fair value at March 31, 2024	Valuation technique	Significant unobservable input	Range (weighted average) Relationship of inputs to fair value
	$ 1,287,340 5,021 34,000 211,289
		Market comparable companies	Price to sales ratio multiple, price to book ratio multiple, enterprise value to book ratio multiplier	0.76~4.81 (1.38) The higher the multiple, the higher the fair value
		Using the last transaction price in an inactive market	Discount for lack of marketability Discount for lack of marketability	20%~80% (31%) The higher the discount for lack of marketability, the lower the fair value 30% (30%) The higher the discount for lack of marketability, the lower the fair value
		Market comparable companies	Enterprise value to operating income ratio multiplier, enterprise value to operating profit ratio multiplier	56~68.2 (62.1)	The higher the multiple, the higher the fair value
			Discount for lack of marketability	23.8% (23.8%)	The higher the discount for lack of marketability, the lower the fair value

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

~47~

	Fair value at December 31,2023	Valuation technique	Significant unobservable input	Range (weighted average) Relationship of inputs to fair value	Range (weighted average) Relationship of inputs to fair value
Non-derivative equity instrument: Unlisted shares	$ 1,225,048 4,818	Market comparable companies Using the last transaction price in an inactive market	Price to sales ratio multiple, price to book ratio multiple Discount for lack of marketability Discount for lack of marketability	0.76~4.81 (1.30) The higher the multiple, the higher the fair value 30%~80% (32%) The higher the discount for lack of marketability, the lower the fair value 30% (30%) The higher the discount for lack of marketability, the lower the fair value
	34,000	Market comparable companies	Enterprise value to operating income ratio multiplier, enterprise value to operating profit ratio multiplier Discount for lack of marketability	56~68.2 (62.1) 23.8% (23.8%)	The higher the multiple, the higher the fair value The higher the discount for lack of marketability, the lower the fair value

Hybrid instrument: Convertible bond
	202,738	Discounted cash flow method and Option pricing model	Discount and Volatility rate	4.29%~23. 1% (13.7%)	The higher the volatility, the higher the fair value; the higher the discount rate, the lower the fair value

~48~

Fair value at March 31,2023	Valuation technique	Significant unobservable input	Range (weighted average) Relationship of inputs to fair value	Range (weighted average) Relationship of inputs to fair value

$ 1,208,521 15,277 45,649 21,810	Market comparable companies Using the last transaction price in an inactive market Net asset value Net asset value	Price to sales ratio multiple, price to book ratio multiple Discount for lack of marketability Discount for lack of marketability Discount for lack of marketability Not applicable	0.86~5.69 (1.30) The higher the multiple, the higher the fair value 30%~80% (32%) The higher the discount for lack of marketability, the lower the fair value 30% (30%) The higher the discount for lack of marketability, the lower the fair value 27% (27%) The higher the discount for lack of marketability, the lower the fair value Not applicable Not applicable

192,346	Discounted cash flow method and Option pricing model	Discount and Volatility rate	4.39%~28. 48% (15.78%)	The higher the volatility, the higher the fair value; the higher the discount rate, the lower the fair value

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

~49~

March 31, 2024

Financial assets	Input	Change	Recognized inprofit or loss	Recognized inprofit or loss	Recognized in other comprehensive income	Recognized in other comprehensive income
			Favourable change	Unfavourable change	Favourable change Unfavourable change
Equity instrument	Liquidity discount	± 1%	$ 18,325	$ (18,325)	$ 304 $ (304)
Hybrid instrument	Discount and Volatility rate	± 1%	$ 3,010	$ (2,939)	$ —	$ —

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

Financial assets	Input	Change		March 31,2023
			Recognized inprofit or loss		Recognized in other comprehensive income
			Favourable change	Unfavourable change	Favourable change Unfavourable change
Equity instrument Hybrid instrument	Liquidity discount Discount and Volatility rate	± 1% ± 1%	$ 19,225 4,619	$ (19,225) (4,468)	$ 299 $ (299) — —

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:None.
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: None.
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 3.
H. Receivables from related parties reaching $100 million or 20% of paid-in capital or more: Please refer to Table 4.
I. Trading in derivative instruments undertaken during the reporting periods: Please refer to Note 6(2).
J. Significant inter-company transactions during the reporting period: Please refer to Table 5.

~50~

(2) Information on investees

Names, locations and other information of investee companies (not including investees in Mainland China): Please refer to Table 6.

(3) Information on investments in Mainland China

A. Basic information: Please refer to Table 7.
B. Significant transactions, either directly or indirectly through a third area, with investee companies in the Mainland Area: Please refer to Table 1, 3, 4 and 5.

(4) Major shareholders information

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

14. SEGMENT INFORMATION

(1) General information

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

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

(2) Segment information

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

segments is as follows:
	For the three-monthperiods ended March 31, 2024 2023 TFT LCD TFT LCD $ 50,492,208 $ 45,595,408 $ (3,713,948) $ (6,939,148) $ 7,818,125 $ 7,737,287 $ 4,541,752 $ 5,684,392 $ 350,985,064 $ 408,599,323
Segment revenue Segment loss Depreciation and amortization Capital expenditure- property, plant and equipment	TFT LCD	TFT LCD
	$ 50,492,208	$ 45,595,408
	$ (3,713,948)	$ (6,939,148)
	$ 7,818,125	$ 7,737,287
	$ 4,541,752 $ 5,684,392
Segment assets	$ 350,985,064 $ 408,599,323

(3) Reconciliation for segment income

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

~51~

Table 1

Innolux Corporation and Subsidiaries Loans to others

For the three-month period ended March 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 the three-month period ended March 31, 2024	Balance as at March 31, 2024	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	Footnote
													Item	Value
1 1 1 1 1 1 2 3 4 5 6	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 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. Ningbo CarUX Technology Ltd. Innolux Corporation Innolux Corporation Innolux Corporation Innolux Hong Kong Holding Limited CARUX TECHNOLOGY PTE. LTD.	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	$ 6,763,200 2,254,400 3,156,160 1,352,640 3,156,160 2,524,928 2,172,550 1,683,877 3,776,000 1,784,048 1,769,600	$ 6,763,200 2,254,400 3,156,160 1,352,640 3,156,160 2,524,928 2,172,550 1,683,877 3,776,000 1,784,048 1,769,600	$ 6,177,055 811,584 3,156,160 1,172,288 356,195 541,056 2,172,550 1,683,877 3,776,000 1,784,048 1,769,600	2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 1.00% 0.00% 0.00% 0.00% 5.32%~ 5.38%	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	$ — — — — — — — — — — —	— — — — — — — — — — —	$ — — — — — — — — — — —	25,438,132 25,438,132 25,438,132 25,438,132 25,438,132 25,438,132 7,826,598 40,345,862 11,530,270 3,568,616 15,343,388	25,438,132 A 25,438,132 A 25,438,132 A 25,438,132 A 25,438,132 A 25,438,132 A 7,826,598 A 40,345,862 A 11,530,270 A 3,568,616 A 15,343,388 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 and Subsidiaries

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

Expressed in thousands of NTD (Except as otherwise indicated)

		Relationship with the securities issuer			As of March 31, 2024	As of March 31, 2024
Securities held by	Marketable securities		General ledger account	Shares/Units	Book value	Ownership (%)	Fair value Footnote
	Common stock
Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation Innolux Corporation	AvanStrate Inc. TPV Technology Limited Chi Lin Optoelectronics Co., Ltd. Cheng Mei Materials Technology Corporation General Interface Solution (GIS) Holding Limited Obsidian Sensors, Inc. VIZIO Holding Corp. 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 WPG Holdings Limited Preferred Share A WT MICROELECTRONICS CO., LTD. Preferred Shares A	None None Other related party None None None None None None None None None None None None None None None	Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income Financial assets at fair value through 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	900,000 60,200,000 4,270,212 48,617,638 1,669,000 715,713 8,347,068 2,287,000 693,000 1,536,000 3,590,000 2,750,000 1,246,000 1,104,000 417,000 2,000 1,627,000 217,000	$ 8,168 1,038,020 — 634,460 101,475 4,708 2,922,142 137,677 35,828 148,531 215,400 105,325 74,262 66,461 24,353 110 76,550 10,199	1 3 19 8 — 17 4 — — 1 1 — — — — — 1 —	$ 8,168 1,038,020 — 634,460 101,475 4,708 2,922,142 137,677 35,828 148,531 215,400 105,325 74,262 66,461 24,353 110 76,550 10,199

Table�2�,�Page�1

		Relationship with the securities issuer			As of March 31, 2024	As of March 31, 2024
Securities held by	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 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. Yuan Chi Investment Co., Ltd. InnoJoy Investment Corporation InnoJoy Investment Corporation InnoJoy Investment Corporation	Common stock 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 WPG Holdings Limited Preferred Share A 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.	None None None None None None None None None Other related party 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 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 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	133,000 344,000 187,000 128,000 231,000 554,000 200,323 1,439,180 267,684 300,000 113,033 2,465,000 1,276,000 2,110,000 320,000 2,800,000 1,040,000 440,000 410,000 6,964,222 954,000 7,347,144	$ 13,061 32,577 9,116 2,701 11,596 25,345 34,000 — 3,493 — 782 115,978 59,972 102,862 6,752 128,100 53,768 43,208 38,827 208,927 36,538 132,249	— 1 — — — — 6 3 — 10 1 1 1 1 1 1 — 1 1 5 — 7	$ 13,061 32,577 9,116 2,701 11,596 25,345 34,000 — 3,493 — 782 115,978 59,972 102,862 6,752 128,100 53,768 43,208 38,827 208,927 36,538 132,249

Table�2�,�Page�2

		Relationship with the securities issuer			As of March 31, 2024	As of March 31, 2024
Securities held by	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 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	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 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.	None None 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 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 30,599,775 16,000,000 414,136 2,016,000 1,027,371 22,525,000 4,000 1,900 1,819,240	$ 1,567,800 16,164 134,407 86,387 3,504 86,808 96,969 71,640 1,808 40,131 56,375 1,966,048 59,073 2,839 21,502 5,021 1,369,520 754 — 923	5 15 9 — — — — — — — 1 7 6 10 2 — 7 14 19 10	$ 1,567,800 16,164 134,407 86,387 3,504 86,808 96,969 71,640 1,808 40,131 56,375 1,966,048 59,073 2,839 21,502 5,021 1,369,520 754 — 923

Table�2�,�Page�3

		Relationship with the securities issuer			As of March 31, 2024	As of March 31, 2024
Securities held by	Marketable securities		General ledger account	Shares/Units	Book value	Ownership (%)	Fair value Footnote
Warriors Technology Investments Ltd Warriors Technology Investments Ltd Foshan Innolux Optoelectronics Ltd. Innocom Technology (Shenzhen) Co., Ltd. Ningbo Innolux Display Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo CarUX Technology Ltd. Nanjing Innolux Optoelectronics Ltd. Ningbo Innolux Electronics Ltd. CarUX Technology (Shanghai) Ltd.	Convertible bonds KA Imaging Inc. Obsidian Sensors, Inc. 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	Other related party 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	— — — — — — — — — —	$ 107,617 103,672 60,304 12,351 14,805 74,416 3,738 26,402 560 10,486	Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable	$ 107,617 103,672 60,304 12,351 14,805 74,416 3,738 26,402 560 10,486

Table�2�,�Page�4

Table 3

Innolux Corporation and Subsidiaries

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

Expressed in thousands of NTD (Except as otherwise indicated)

				Transaction	Transaction		Differences in transaction terms compared to third party transactions	Differences in transaction terms compared to third party transactions	Notes/accounts receivable(payable)	Notes/accounts receivable(payable)
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 CarUX Technology (Shanghai) Ltd.	CARUX TECHNOLOGY PTE. LTD. Innolux USA Inc. Foshan Innolux Optoelectronics Ltd. HONGFUJIN PRECISION ELECTRONICS (YANTAI) CO., LTD. InnoCare Optoelectronics Corporation Foshan Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo CarUX Technology Ltd. Nanjing Innolux Optoelectronics Ltd. CARUX TECHNOLOGY PTE. LTD.	An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary of Hon Hai Precision Industry A subsidiary of the 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	Sales Sales Sales Sales Sales Processing expense Processing expense Processing expense Processing expense Processing expense Processing revenue	$ 4,769,621 2,155,679 150,872 137,638 116,528 4,902,150 4,281,795 2,481,434 924,485 518,698 3,290,896	11 5 — — — 12 10 6 2 1 78	60 days 120 days 60 days 90 days 90 days 60 days 60 days 60 days 60 days 60 days 60 days	Similar with general sales Similar with general sales Similar with general sales Similar with general sales Similar with general sales Cost plus Cost plus Cost plus Cost plus Cost plus 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	$ 9,588,706 1,238,460 — 142,073 142,257 (6,075,787) (3,216,087) (8,767,002) (370,911) (385,149) 674,813	30 4 — — — 15 8 22 1 1 31

Table�3�,�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)
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
CarUX Technology Taiwan Inc. Ningbo Innolux Optoelectronics Ltd. InnoCare Optoelectronics Corporation Ningbo Innolux Display Ltd. Ningbo Innolux Display Ltd. Ningbo Innolux Optoelectronics Ltd. CarUX Technology Europe B.V.	CARUX TECHNOLOGY PTE. LTD. Ningbo Innolux Display Ltd. InnoCare Optoelectronics Japan Co., Ltd. Ningbo Innolux Optoelectronics Ltd. Hon Hai Precision Industry Co., Ltd. Hon Hai Precision Industry Co., Ltd. CARUX TECHNOLOGY PTE. LTD.	An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary Other related party Other related party An indirect owned subsidiary	Processing revenue Sales Sales Sales Purchases Purchases Service revenue	$ 2,288,208 1,298,400 206,319 138,087 353,899 127,405 297,425	100 23 50 2 5 2 100	60 days 60 days 60 days 60 days 90 days 90 days 60 days	Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions Similar with general transactions 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	$ 2,491,064 753,557 365,725 118,819 (450,015) (152,188) 206,570	92 7 66 2 8 3 100

Table�3�,�Page�2

Innolux Corporation and Subsidiaries

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

March 31, 2024

Table 4

Expressed in thousands of NTD (Except as otherwise indicated)

Creditor	Counterparty	Relationship with the counterparty	Balance as at March 31, 2024 (Note A)	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance sheet date Allowance for doubtful accounts
					Amount	Action taken
Innolux Corporation 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. Innocom Technology (Shenzhen) Co., Ltd.	CARUX TECHNOLOGY PTE. LTD. Innolux USA Inc. CarUX Technology Taiwan Inc. CARUX TECHNOLOGY PTE. LTD. Hon Hai Precision Industry Co., Ltd. InnoCare Optoelectronics Corporation HONGFUJIN PRECISION ELECTRONICS (YANTAI) CO., LTD. Innolux Corporation Innolux Corporation Innolux Corporation CARUX TECHNOLOGY PTE. LTD. Innolux Corporation	An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary 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 Ultimate parent company	$ 9,588,706 1.97 1,238,460 5.48 894,428 — (Shownasother receivables) 229,901 — (Shownasother receivables) 172,540 — 142,257 3.42 142,073 7.38 8,767,002 1.11 6,075,787 3.05 3,216,087 3.89 2,491,064 3.60 798,375 0.28		$ 6,259,595 — 159,398 58,807 1,944 — — 5,530,263 — — — 760,936	Subsequent collection — Subsequent collection Subsequent collection Subsequent collection — — Subsequent collection — — — Subsequent collection	$ — $ — — — — — — — 453 — — — — — 1,680,068 — 2,256,752 — 2,624,052 — 1,824,118 — — —

Table�4�,�Page�1

Creditor	Counterparty	Relationship with the counterparty	Balance as at March 31, 2024 (Note A)	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance sheet date Allowance for doubtful accounts
					Amount	Action taken
Ningbo Innolux Optoelectronics Ltd. CarUX Technology (Shanghai) Ltd. Nanjing Innolux Optoelectronics Ltd. Ningbo CarUX Technology Ltd. InnoCare Optoelectronics Corporation CarUX Technology Europe B.V. Ningbo Innolux Display Ltd.	Ningbo Innolux Display Ltd. CARUX TECHNOLOGY PTE. LTD. Innolux Corporation Innolux Corporation InnoCare Optoelectronics Japan Co., Ltd. CARUX TECHNOLOGY PTE. LTD. Ningbo Innolux Optoelectronics Ltd.	An indirect owned subsidiary An indirect owned subsidiary Ultimate parent company Ultimate parent company An indirect owned subsidiary An indirect owned subsidiary An indirect owned subsidiary	$ 753,557 674,813 385,149 370,911 365,725 206,570 118,819	5.77 22.57 4.59 11.75 4.04 6.15 4.57	$ — — — — 101,725 — —	— — — — Subsequent collection — —	$ 232,041 $ — 674,813 — — — 370,911 — 132,519 — — — 31,522 —

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�4�,�Page�2

Table 5

Innolux Corporation and Subsidiaries

Significant inter-company transactions during the reporting period

For the three-month period ended March 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)
				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 0 0 1 1 2	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 Innolux Corporation Innolux Corporation CarUX Technology (Shanghai) Ltd. CarUX Technology (Shanghai) Ltd. CarUX Technology Europe B.V.	Innocom Technology (Shenzhen) Co., Ltd. Nanjing Innolux Optoelectronics 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. Innolux USA Inc. Innolux USA Inc. CarUX Technology Taiwan Inc. InnoCare Optoelectronics Corporation InnoCare Optoelectronics Corporation CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. Ningbo CarUX Technology Ltd. Ningbo CarUX Technology Ltd. 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 1 1 3 3 3	Accrued expenses Processing expense Accrued expenses Processing expense Accrued expenses Sales Processing expense Accrued expenses Processing expense Accrued expenses Sales Accounts receivable Other receivables Sales Accounts receivable Sales Accounts receivable Other receivables Processing expense Accrued expenses Processing revenue Accounts receivable Service revenue	$ (798,375) 518,698 (385,149) 2,481,434 (8,767,002) 150,872 4,902,150 (6,075,787) 4,281,795 (3,216,087) 2,155,679 1,238,460 894,428 116,528 142,257 4,769,621 9,588,706 229,901 924,485 (370,911) 3,290,896 674,813 297,425	— — — 1 — — — 5 — 2 — — — 10 — 2 — 8 — 1 — 4 — — — — — — — — — 9 — 3 — — — 2 — — — 7 — — — 1

Table�5�,�Page�1

Number (Note A)	Companyname	Counterparty	Relationship (Note B)		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
2 3 3 4 4 5 5 6 6	CarUX Technology Europe B.V. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Display Ltd. Ningbo Innolux Display Ltd. CarUX Technology Taiwan Inc. CarUX Technology Taiwan Inc. InnoCare Optoelectronics Corporation InnoCare Optoelectronics Corporation	CARUX TECHNOLOGY PTE. LTD. Ningbo Innolux Display Ltd. Ningbo Innolux Display Ltd. Ningbo Innolux Optoelectronics Ltd. Ningbo Innolux Optoelectronics Ltd. CARUX TECHNOLOGY PTE. LTD. CARUX TECHNOLOGY PTE. LTD. InnoCare Optoelectronics Japan Co., Ltd. InnoCare Optoelectronics Japan Co., Ltd.	3 3 3 3 3 3 3 3 3	Accounts receivable Sales Accounts receivable Sales Accounts receivable Processing revenue Accounts receivable Sales Accounts receivable	$ 206,570 1,298,400 753,557 138,087 118,819 2,288,208 2,491,064 206,319 365,725	— — — 3 — — — — — — — 5 — 1 — — — —

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�5�,�Page�2

Table 6

Expressed in thousands of NTD (Except as otherwise indicated)

Innolux Corporation and Subsidiaries

Information on investees

For the three-month period ended March 31, 2024

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at March	Shares held as at March	31,2024	Net profit (loss) of the investee for the three- month period ended March 31, 2024	Investment income (loss) recognized by the Company for the three- month period ended March 31, 2024 Footnote
				Balance as at March 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 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	Samoa Samoa Samoa BVI Hong Kong Singapore Taiwan Taiwan Taiwan Japan USA Taiwan Cayman Taiwan USA Taiwan	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	$ 7,618,559 62,197 33,438,542 3,674,115 3,231,780 754,943 1,217,235 1,674,054 198,003 1,682,751 — 451,168 844,091 73,500 91,155 250,000	$ 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	225,568,185 1,656,410 709,450,000 146,847,000 1,158,844,000 25,400,000 — 167,405,392 20,200,000 98 4,333 41,288,528 1 7,350,000 300,000 25,000,000	100 100 100 100 100 100 100 100 50 54 35 76 50 49 28 45	$ 20,172,931 117,724 59,578,637 7,067,876 7,096,835 167,762 860,445 3,096,731 657,141 2,130,400 — 382,485 52,024 323,278 — 87,317	$ 47,363 814 (11,433) (18,130) 50,262 1,327 (59) (7,824) 20,443 61,224 — (6,910) (644) 30,743 (15,750) (20,581)	$ 47,363 814 (11,433) (18,130) 50,283 1,327 (59) (7,824) 10,223 33,330 — (4,196) (322) 15,064 — (9,355)

Table�6�,�Page�1

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at March	Shares held as at March	31,2024	Net profit (loss) of the investee for the three- month period ended March 31, 2024	Investment income (loss) recognized by the Company for the three- month period ended March 31, 2024 Footnote
				Balance as at March 31, 2024	Balance as at December 31, 2023	Number of shares	Ownership (%)	Book value
Innolux Holding Limited Innolux Holding Limited Toppoly Optoelectronics (B.V.I.) Ltd. Innolux Hong Kong Holding Limited 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 Rockets Holding Limited Suns Holding Ltd CarUX Technology Europe B.V. Innolux Singapore Holding Pte. Ltd. Yuan Chi Investment Co., Ltd.	Rockets Holding Limited Suns Holding Ltd Toppoly Optoelectronics (Cayman) Ltd. Innolux Hong Kong Limited 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 Nets Trading Ltd. Warriors Technology Investments Ltd CarUX Technology Germany GmbH INNOLUX OPTOELECTRONICS INDIA PRIVATE LIMITED INNOLUX OPTOELECTRONICS INDIA PRIVATE LIMITED	Samoa Samoa Cayman Hong Kong Japan Cayman Singapore BVI Hong Kong Netherlands Taiwan USA Samoa Samoa Samoa Germany India India	Investment holdings Investment holdings Investment holdings Sales company 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 Investment company Testing and maintenance company Sales company Sales company	$ 5,222,180 555,422 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 27,477 555,422 33,735 607,284 —	$ 5,222,180 555,422 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 27,477 555,422 33,735 607,284 —	160,504,550 18,177,052 146,817,000 35,000,000 82 125,231,749 128,431,749 — 162,897,802 375,810 150,000,000 12,842 164,000,000 900,001 18,177,052 100,000 144,095,499 1	100 100 100 100 46 95 100 — 100 100 100 100 100 100 100 100 100 —	$ 12,723,888 5,765,136 7,067,502 1,784,308 1,782,899 4,007,156 4,108,601 4 2,536,554 586,036 2,202,680 1,337,158 12,719,120 4,625 5,765,135 28,564 7,182 —	$ 45,378 1,985 (18,130) (309) 61,224 2,552 2,609 — 64,827 13,769 93,386 24,553 45,378 — 1,985 340 (5) (5)	$ 45,378 1,985 (18,130) (309) 27,894 2,552 2,609 — 119,350 13,769 (38,236) 24,553 45,378 — 1,985 340 (5) —

Table�6�,�Page�2

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at March	Shares held as at March	31,2024	Net profit (loss) of the investee for the three- month period ended March 31, 2024	Investment income (loss) recognized by the Company for the three- month period ended March 31, 2024 Footnote
				Balance as at March 31, 2024	Balance as at December 31, 2023	Number of shares	Ownership (%)	Book value
Yuan Chi Investment Co., Ltd. Yuan Chi Investment Co., Ltd. InnoJoy Investment Corporation 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	GIO Optoelectronics Corp. InnVasLinx Inc. Inno Capital Corporation 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 Taiwan Taiwan Taiwan Japan USA Netherlands Mauritius Cayman	Holdings, R&D, manufacturing and sales company E-Paper Module/Assembly Investment company Investment company Investment company Investment company Investment company Sales company Sales company After-sales service company Investment holdings Investment holdings	$ 858 6,829 15,000 186,794 90,600 11,338 6,471 87,149 27,963 1,662 298,113 106,560	$ 858 6,829 15,000 186,794 — 11,338 — 87,149 27,963 1,662 298,113 106,560	77,235 618,390 1,500,000 — — — — 30,010 900,000 500 10,000,000 6,843,900	— 45 100 16 14 1 1 100 100 100 100 5	$ 719 6,498 17,521 226,989 90,600 13,777 6,471 119,829 31,372 3,637 104,159 —	$ (6,910) (1,278) (474) (17,700) — (17,700) — (3,002) 1,513 156 65 2,552	$ (10) (575) (474) (2,916) — (177) — (3,002) 1,513 156 65 —

Table�6�,�Page�3

Innolux Corporation and Subsidiaries Information on investments in Mainland China

Table 7

Expressed in thousands of NTD (Except as otherwise indicated)

For the three-month period ended March 31, 2024

Investee in Mainland China	Main business activities	Paid-in capital (Note A)	Investment method (Note C)	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2024	Amount rem Taiwan to Mai Amount remi Taiwan for the period ended 202	itted from nland China/ tted back to three-month March 31, 4	Accumulated amount of remittance from Taiwan to Mainland China as of March 31, 2024	Net income of investee for the three-month period ended March 31, 2024	Ownership held by the Company (direct or indirect)	Investment income (loss) recognized by the Company for the three-month period ended March 31, 2024 (Note B)	Book value of investments in Mainland China as of March 31, 2024	Accumulated amount of investment income remitted back to Taiwan as of March 31, 2024	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
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	$ 5,248,000	2 2 2 2 2 2 2 2 2	$ 4,061,175	$ —	$ —	$ 4,061,175	$ 45,378	100	$ 45,378	$ 12,719,066	$ 1,186,825	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	9,920,000 12,256,000 5,120,000 67,200 4,992,000 672,000 48,000 320,000 1,262,856 69,322		235,682 12,256,000 5,120,000 67,200 4,609,139 — 48,000 320,000 — 101,504	— — — — — — — —	— — — — — — — —	235,682 12,256,000 5,120,000 67,200 4,609,139 — 48,000 320,000 — 101,504	(584,485) 347,044 225,395 3,527 (21,657) 64,827 741 66	100 100 100 100 100 95 100 77	(584,485) 347,657 225,395 3,527 (21,657) 64,827 741 51 46,986 (2,392)	27,027,758 25,003,535 7,546,116 678,242 6,389,238 2,889,883 112,083 81,594	5,524,318 — — — — — — —
	Manufacturing and selling of LCD backend module and related components
	Manufacturing and selling of LCD backend module and related components Sales of monitor-related components company Manufacturing and selling of LCD backend module and related components Manufacturing and selling of LCD backend module and related components Warehousing services Manufacturing
Ningbo CarUX Technology Ltd.	Manufacturing and selling of LCD backend module and related components		3		—	—		46,809	100		1,174,940	—
Ningbo Innolux Electronics Ltd.	Manufacturing and selling of medical equipment		1		—	—		(4,769)	50		61,307	—

Table�7�,�Page�1

Ceiling on investments in Mai	nland China:
Companyname	Accumulated amount of remittance from Taiwan to Mainland China as of March 31, 2024	Investment amount approved by the Investment Commission of the Ministry of Economic Affairs (MOEA)	Ceiling on investments in Mainland China imposed by the Investment Commission of MOEA
Innolux Corporation	$ 26,141,513	$ 31,955,151	(Note D)

==> picture [218 x 114] intentionally omitted <==

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 three-month period ended March 31, 2024 was reviewed 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.
Others.

The company invested via the company investment entities in Mainland China to invest in Ningbo CarUX Technology Ltd. Except for the investment via the holding companies in Mainland China,

other investments shall not be approved by Investment Commission of the Ministry of Economic Affairs.

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�7�,�Page�2

AI assistant

INX — Interim / Quarterly Report 2024

52330_rns_2024-11-14_646a6840-9506-4f95-ac53-18bd2a891827.pdf

INNOLUX CORPORATION AND SUBSIDIARIES

INDEPENDENT AUDITORS’ REVIEW REPORT

Introduction

Scope of Review

Conclusion

Other matter - Reference to the reviews of other auditors

INNOLUX CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

MARCH 31, 2024, DECEMBER 31, 2023 AND MARCH 31, 2023

INNOLUX CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

MARCH 31, 2024, DECEMBER 31, 2023 AND MARCH 31, 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

INNOLUX CORPORATION AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2024 AND 2023

1. HISTORY AND ORGANIZATION

STATEMENTS AND PROCEDURES FOR AUTHORIZATION

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

(1) Compliance statement

(2) Basis of preparation

(3) Basis of consolidation

A. Basis for preparation of consolidated financial statements

(4) Employee benefits

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF

ASSUMPTION UNCERTAINTY

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

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

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

(4) Financial assets at amortized cost

(5) Notes receivable and accounts receivable

(6) Inventories

(7) Investments accounted for under the equity method

(8) Property, plant and equipment

(9) Leasing arrangements－lessee

(10) Investment property

(11) Intangible assets

(12) Short-term borrowings

- (14) Long term borrowings

(16) Share-based payment

(17) Provisions-current

(19) Capital surplus

(20) Retained earnings

(21) Other equity items

(23) Interest income

(24) Other income

(25) Other gains and losses

(26) Finance costs

(27) Expenses by nature

(28) Employees’ compensation and directors’ remuneration

(29) Income tax

(31) Supplemental cash flow information

7. RELATED PARTY TRANSACTIONS

(2) Significant related party transactions

A. Operating revenue

C. Receivables from related parties

D. Payables to related parties

E. Property transactions

Purchase of property

(a) Acquisition of property, plant and equipment:

(3) Key management compensation

8. PLEDGED ASSETS

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED CONTRACT COMMITMENTS

－ (1) Contingencies Significant Litigations

B. Outstanding letters of credit

10. SIGNIFICANT DISASTER LOSS

11. SUBSEQUENT EVENTS AFTER THE BALANCE SHEET DATE

12. OTHERS

(1) Capital management

(2) Financial instruments

A. Financial instruments by category

INX Interim / Quarterly Report 2024