JHT — Annual Report 2021

May 3, 2021

==> picture [126 x 69] intentionally omitted <==

喬山健康科技(股)公司 JOHNSON HEALTH TECH

==> picture [566 x 148] intentionally omitted <==

CONTENTS

==> picture [170 x 57] intentionally omitted <==

• MILESTONE

• BRAND AND CHANNEL

• MARKET TREND

• GLOBAL REACH

• OPERATION RESULT

2

OUR HISTORY

1980-1995 Fitness Manufacturing 製造轉型期

1975-1979 Early Years 草創期

JHT was established in 1975 in Taichung, Taiwan. Cooperated with IVANKO to produce weightlifting equipment, and became the largest supplier in the world within 3 years

Grew OEM & ODM fitness business with leading industry partners like Ross, Universal, Tunturi, Schwinn, True, Omron and Mizuno. .

1996-2021

Brand/Market Development 行銷轉型期

Developed core Competencies in international manufacturing, R&D, global branding, channel development and management 3

3

BRAND AND CHANNELS

==> picture [172 x 69] intentionally omitted <==

BRAND AND CHANNEL

==> picture [640 x 98] intentionally omitted <==

==> picture [660 x 99] intentionally omitted <==

----- Start of picture text -----

Vertical / Specialty Market
輕商用市場
----- End of picture text -----

==> picture [516 x 92] intentionally omitted <==

----- Start of picture text -----

家用市場
----- End of picture text -----

富士醫療器 // FUJIIROYKI

==> picture [679 x 149] intentionally omitted <==

==> picture [156 x 44] intentionally omitted <==

MAJOR COMMERCIAL CHANNELS

==> picture [624 x 277] intentionally omitted <==

7

MAJOR HOME CHANNELS

==> picture [238 x 119] intentionally omitted <==

Own Retail Store

==> picture [235 x 132] intentionally omitted <==

==> picture [238 x 126] intentionally omitted <==

Sporting Goods/Mass Market

==> picture [234 x 132] intentionally omitted <==

Specialty Store

e-Commerce

COMMERCIAL // MATRIX

==> picture [680 x 195] intentionally omitted <==

==> picture [221 x 39] intentionally omitted <==

HOME PRODUCT // VISION

==> picture [221 x 105] intentionally omitted <==

HOME PRODUCT // HORIZON

==> picture [588 x 280] intentionally omitted <==

MARKET TREND

HEALTH CLUB MEMBERSHIP & REVENUE IN 2019

REGION TOTAL INDUSTRY REVENUE(USD) TOTAL # OF CLUB TOTAL # OF MEMBERS	%
North America $37,978,385,000 47,957 70,361,950 Europe $31,527,435,610 63,644 64,762,000 Asia-Pacific $16,826,000,000 25,140 22,480,000 Latin America $6,149,412,000 61,374 20,819,400 Middle East & North Africa $2,513,000,000 5,969 3,921,980 Southern Africa $1,691,040 1,092 2,263,175	39% 33% 17% 6% 3% 0%
Total $96,685,272,611 205,176 184,608,505	100%

Source : IHRSA Global Reports

13

HEALTH CLUB MEMBERSHIP & REVENUE – MARKET TREND

Source : IHRSA Global Reports

14

GLOBAL REACH

Global Distribution Network

==> picture [660 x 247] intentionally omitted <==

----- Start of picture text -----

Demark Russia
Canada Netherlands
UK Germany
Switzerland Poland
North AmericaU.S. China Korea
France GreeceRomania
Japan
Spain Italy Bulgaria
Hong Kong Taiwan
Greece UAE
Mexico
Thailand Vietnam
Malaysia Philippines
Brazil
Australia
----- End of picture text -----

34 marketing companies and distributors in 60 countries delivering world-class product and service.

Global Product Development Team

U.S. Vietnam

• The JHT R&D team operates cooperatively from US, Taiwan ,China and Vietnam which over 300 R&D employees.

• Advantage -This global focus ensures products meet the demands of the markets we serve.

Global Manufacturing

Shanghai – JIS2 Produces a wide variety of fitness equipment

Shanghai –JIS 1 Houses our key component facilities

==> picture [258 x 132] intentionally omitted <==

Taiwan Factory Our Taiwan manufacturing facility produces Matrix cardio pieces

North America Magnum and varsity series strength products

Vietnam Small production at end of 2019.

OPERATION RESULT

19

Profit & Loss

	2020	%	2019	%	±%
Sales	28,367	100%	25,373	100%	11.8%
Gross Margin	14,969	47.2%	12,547	49.5%	-2.3%
Operation exp.	13,397	44%	10,986	43.3%	0.7%
OP margin	930	3.3%	1,561	6.2%	-2.9%
Non-op exp	45		56	0.2%
Net profit before tax	975	3.4%	1,671	6.4%	-3.0%
Net income	747	2.6%	1,294	5.1%	-2.5%
Net Income Attributed to Stockholders of the Company	679	2.4%	1,293	5.1%	-2.7%
EPS	2.24		4.26		-2.02

20

2020 Profit & Loss – b uarter y q

	Q1	%	Q2	%	Q3	%	Q4	%	21
Sales	5,535		5,629	100%	7,477		9,726
Gross Margin	2,608	47.1%	2,632	46.8%	3,609	48.3%	4,547	46.8%
Operation exp.	2,814	50.8%	2,742	48.7%	3,054	40.8%	3,848	39.6%
OP margin	(206)	-3.7%	(110)	-2.0%	556	7.4%	699	7.2%
Non-op exp	(77)		128		15		(30)
Net profit before tax	(283)	-5.1%	18	0.3%	571	7.6%	669	6.9%
Net income	(234)	-4.2%	(12)	-0.2%	489	6.5%	505	5.2%
CNIS	(252)	-4.6%	(9)	-0.2%	451	6.0%	489	5.0%
EPS	(0.83)		(0.03)		1.49		1.61

THANK YOU!

22