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JSW AGM Information 2026
51885_rns_2026-05-14_80b4eb08-bd97-4719-bbb7-10ac7b6b1e75.pdf
AGM Information
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Ticker Symbol: 1617
荣星電線工業股份有限公司
JUNG SHING WIRE CO., LTD.
2026 Annual Shareholders 'Meeting
Meeting Agenda
Date: June 16, 2026 (Thursday), 9:00 a.m.
Venue: No. 138, Wenxin Rd., Rende Dist., Rende Village, Tainan City, Tainan City 717021, Taiwan (Rende Li Community Center)
Method: Physical shareholders' meeting
Table of Contents
I. Meeting Procedure... 1
II. Meeting Agenda... 2
III. Reported Matters... 3
IV. Acknowledged Matters... 8
V. Extemporary Motions... 27
VI. Adjournment... 27
Appendix:
1. Rules of Procedure for Shareholders Meetings... 28
2. Articles of Incorporation... 30
3. Shareholdings of Directors... 35
1
JUNG SHING WIRE CO., LTD.
I. Meeting Procedure for 2026 Annual Shareholders’ Meeting
- Call meeting to order
- Chairman’s address
- Reported Matters
- Acknowledged Matters
- Extemporary Motions
- Adjournment
2
JUNG SHING WIRE CO., LTD.
II. 2026 Annual Shareholders’ Meeting Agenda
Date: June 16, 2026 (Thursday), 9 a.m.
Place: No. 138, Wenxin Rd., Rende Dist., Rende Village, Tainan City 717021, Taiwan
(Rende Village Activity Center)
Method of convention: Physical shareholders’ meeting
- Call meeting to order
- Chairman’s address
- Reported Matters
(1) 2025 Employees’s and Directors’ Remuneration Allocation Report
(2) 2025 Business Report
(3) 2025 Annual Financial Statements Audited by Audit Committee Report
(4) Report on Making Endorsements/Guarantees - Acknowledged Matters
(1) 2025 Business Report and Financial Statements Proposal
(2) 2025 Earnings Distribution Proposal - Extemporary Motions
- Adjournment
3
III. Reported Matters
Proposed by the board of directors
(1) 2025 Employees’ and Directors’ Remuneration Allocation Report
-
According to the Company’s Articles of Incorporation, employee remuneration shall be distributed at a rate of no less than 0.5% and directors’ remuneration shall be distributed at a rate of no more than 3% of the profit for the current year. For the fiscal year 2025, the Company’s pre-tax earnings, prior to deducting employee remuneration and directors’ compensation, totaled NT$155,664,630. The proposed distributions include NT$1,141,555 (0.73%) for employee remuneration and NT$4,078,000 (2.62%) for director compensation, both to be distributed in the form of cash. Post-distribution, the pre-tax profit is NT$150,445,075.
-
For the Company's non-managerial staff whose salary levels are below NT$65,000, the Articles of Incorporation stipulate that no less than 87% of the total employee remuneration shall be allocated to such grassroots employees. Accordingly, out of the total employee remuneration of NT$1,141,555, a distribution of NT$993,153 (no less than 87%) is proposed for these grassroots employees.
-
The proposed distributions will be entirely in the form of cash and were approved by the resolutions of both the Compensation Committee and the Board of Directors on March 10, 2026. The proposed amounts for employee remuneration and director compensation to be distributed align with the annual estimated expense amounts without variance.
Proposed by the board of directors
(2) Consolidated business report for 2025
(1) Operating results:
The net operating loss for 2025 was NT$ 932,000 with a net loss margin of 0.03%, compared with year 2024, the net operating income was NT$ 37,792,000 and a net profit margin of 1.11%, the net operating loss increased NT$ 38,724,000; the net income before tax of year 2025 was NT$ 235,060,000 with a net profit margin of 6.99%, compared with year 2024, the net income before tax was NT$ 92,702,000 with a net profit margin of 2.73%, the net income before tax increased NT$ 142,358,000, and net profit after tax was NT$ 0.68 per share.
Analysis of consolidated financial income and expenditure:
Unit: NT$1,000
| Item
(Consolidated statement) | 2025 performance | | 2024 performance | | Comparison of previous year's performance | |
| --- | --- | --- | --- | --- | --- | --- |
| | Amount | % | Amount | % | Amount | % |
| Net operating income | 3,363,151 | 100.00 | 3,395,533 | 100.00 | (32,382) | (0.95) |
| Operating cost | 3,120,144 | 92.77 | 3,085,728 | 90.88 | 34,416 | 1.12 |
| Operating profit | 243,007 | 7.23 | 309,805 | 9.12 | (66,798) | (21.56) |
| Operating expenses | 243,939 | 7.25 | 272,013 | 8.01 | (28,074) | (10.32) |
| Operating profit (loss) | (932) | (0.03) | 37,792 | 1.11 | (38,724) | (102.47) |
| Non-operating income and expenses | 235,992 | 7.02 | 54,910 | 1.62 | 181,082 | 329.78 |
| Net profit (loss) before tax | 235,060 | 6.99 | 92,702 | 2.73 | 142,358 | 153.57 |
| Income tax | 124,226 | 3.69 | 13,882 | 0.41 | 110,344 | 794.87 |
| Net profit (loss) for the period | 110,834 | 3.30 | 78,820 | 2.32 | 32,014 | 40.62 |
| Other comprehensive income (net after tax) | (10,708) | (0.32) | 49,674 | 1.46 | (60,382) | 121.56 |
| Total comprehensive profit and loss for the period | 100,126 | 2.98 | 128,494 | 3.78 | (28,368) | 22.08 |
| Earnings (loss) per share (NT$) | 0.68 | | 0.55 | | | |
Profitability Analysis:
| Item | Ratio | ||
|---|---|---|---|
| Return on assets | 3.48% | ||
| Return on shareholders' equity | 4.75% | ||
| Ratio of paid-in capital | Business interests | -0.05% | |
| Net profit before tax | 13.87% | ||
| Net yield | 3.30% | ||
| Earnings per share after tax (NT$) | 0.68 |
(2) Budget implementation report:
There are no public financial forecasts for 2025, not applicable.
(3) R&D and its development status:
A. A. PI Coating Development
B. Development of phenol- and benzene-free, high-temperature-resistant self-fusing wires.
C. Validation of suppliers' phenol- and benzene-free insulated wires.
D. Development of hot-air thermosetting self-fusing layers.
E. PCT testing and reliability testing for moisture and heat resistance.
(4) Summary of business plan for the year (2026):
1. Business policy - Spiritual slogan: "Performance First, Low Carbon Sustainability".
2. Expected sales volume and basis:
According to the Company's production capacity and future market estimation, it is expected that the magnet wire sales volume of the entire group will reach approximately 7,700 metric tons in 2026.
(5) Important production and marketing policies and the Company's future development strategy:
1. To develop special magnet wires for new uses based on organic materials, inorganic materials and composite materials.
2. Based on products and marketing methods of high added-value products, to concentrate on expanding sales in the target market.
3. To establish equipment and production systems for special products to ensure that the quality system can reduce losses and improve benefits.
4. To use special products and new products as the production orientation, and enrich the data content for sales promotion.
5. To increase profit and revenue channels, and control the intellectual property rights of the Company to become a unique commodity or service provider in the market.
(6) The impact of the external environment
Looking back year 2025, JUNG SHING Group demonstrated remarkable resilience amid a turbulent global landscape; we learned how to survive in the post-pandemic era and navigate drastic market shifts. For 2026, the Group’s operational strategy is defined as [AI Transformation and Capacity Enhancement]. To lead the Group toward smart manufacturing, we have established four guiding principles for AI transformation: combining government subsidies with corporate investment; advancing both in-house development and professional consulting; integrating existing and newly acquired resources; and achieving deep connectivity between cloud-based and on-premises data. Concurrently, we have established six long-term objectives: comprehensively improving administrative and production efficiency; reducing operational risks and customer complaint compensation costs; enhancing competitiveness; and implementing comprehensive cost reductions—all to lay the foundation for the Group’s long-term, stable profitability.
At the same time, we will actively explore blue-ocean products and expand into blue-ocean markets, implement the Group’s division of labor to maximize benefits, and break away from red-ocean competition. Upholding the philosophy of continuous improvement, we will work together hand in hand, letting data speak for itself and performance guide our way, to jointly achieve the pinnacle of growth for JUNG SHING Group.
Chairman: Wang, Tung-Tzer Managerial officer: Chiu, Sho-Chi Accounting in charge: Hsueh, Tien-Te
Proposed by the board of directors
(3) 2025 annual financial statements report audit by audit committee, for your approval. Explanation: For the 2025 Company’s financial statements, accountants audited certificate and audit committee determined to be correct and accurate, and hereby submit audit report and review report.
Audit Committee’s Audit Report
Board of Directors prepared balance sheet, comprehensive income statement, statement of changes in equity, cash flow statement and consolidated financial statements of the year 2025, therein were audited by accountants Su, Yen-Da and Hsu, Chen-Lung of KPMG, Taiwan and audit report has been offered and 2025 business report and earning distribution statement have been reviewed by Audit Committee. According to Article 14-4 of Securities and Exchange Act and Article 219 of the Company Act, we hereby submit this report.
For your approval.
2026 Annual Shareholders’ Meeting of the Company
JUNG SHING WIRE CO., LTD.
Convener of audit committee: Fang, Hueh-Ling
March 10, 2026
Proposed by the board of directors
(4) Report on making endorsements/guarantees
As of December 31, 2025, the implementation of the Company's endorsements/guarantees is as follows:
- The Company loaned funds from the bank for the subsidiary JUNG SHING TECHNOLOGIES CO., LTD., and made guarantee of joint performance of debts, the guarantee amount was NT$ 180,000,000.
- The Company loaned funds from the bank for the subsidiary JUNG SHING WIRE (VIETNAM) CO., LTD., and made guarantee of joint performance of debts, the guarantee amount was NT$ 49,028,000.
The sum of the preceding guarantee amount was NT$ 229,028,000, occupied for 16.36% of the Company's endorsements/guarantees amount.
IV. Acknowledged Matters
Proposed by the board of directors
(1) 2025 business report and financial statements proposal, for your approval.
Explanation: 1. 2025 business report of the Company, in addition, 2025 financial statements (including consolidated financial statements) have been prepared, and appointed accountants Su, Yen-Da and Hsu, Chen-Lung of KPMG, Taiwan to audit, and they submit the audit report.
- The preceding financial statements and business report have been approved by a resolution of board of directors, and submitted audit committee to prepare audit report, for your approval.
Resolution:
Independent Auditors' Report
To the Board of Directors of JUNG SHING WIRE CO., LTD.:
Opinion
We have audited the financial statements of JUNG SHING WIRE CO., LTD. (“the Company”), which comprise the balance sheet as of December 31, 2025 and 2024, the statement of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the financial statements, including a summary of material accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and its financial performance and its cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.
Basis for Opinion
We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with The Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Based on our judgment, the key audit matters that should be disclosed in this report are as follows:
Valuation of slow-moving inventories
For the accounting policies of inventory, please refer to Note 4(g) “Inventories”; For the accounting estimates and assumptions uncertainty of inventory evaluation, please refer to Note 5; For the description of the valuation of inventory to the financial statements, please refer to Note 6(e) “Inventories”.
Description of key audit matter:
The Company’s inventories primarily consist of enamelled wire and related raw materials, due to changes in market supply and demand and the potential for products to become obsolete or no longer meet market demand, the sales of related products may experience significant fluctuations, leading to inventory obsolescence and posing the risk that the cost of current inventory may exceed its net realizable value. Therefore, the valuation of slow-moving inventories has been identified as one of our key audit matters.
9
How the matter was addressed in our audit:
The primary audit procedures performed in response to the key audit matter described above include:
- Gaining and understanding of the inventory obsolescence valuation policy adopted by management and comparing the actual condition of obsolete inventory in prior periods to assess the accuracy of past management estimates.
- Selecting appropriate samples from the inventory aging report and comparing them with transaction documents to verify that the inventory was classified into the appropriate aging intervals.
- Recalculating the inventory obsolescence allowance based on the applicable provision rates for each aging category.
- Evaluate whether the Company’s disclosure of information on allowance for inventory obsolescence loss is appropriate.
Responsibilities of Management and Those Charged with Governance for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Those charged with governance (including the Audit Committee) are responsible for overseeing the Company’s financial reporting process.
Auditors’ Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
10
-
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient and appropriate audit evidence regarding the financial information of the investment in other entities accounted for using the equity method to express an opinion on this financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
The engagement partners on the audit resulting in this independent auditors’ report are Su, Yen-Ta and Hsu, Cheng-Lung.
KPMG
Taipei, Taiwan (Republic of China)
March 10, 2026
(English Translation of Parent Company Only Financial Statements and Report Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD.
Balance Sheets
December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)
Assets
Current assets:
1100 Cash and cash equivalents(note (6)(a))
1110 Current financial assets at fair value through profit or loss(note (6)(b))
1150 Notes receivable, net(notes (6)(c), (q)and (7))
1170 Trade receivable, net(notes (6)(c)and (q))
1181 Trade receivable due from related parties(notes (6)(c), (q)and (7))
1200 Other receivables, net(note (7))
1220 Current tax assets
130X Inventories(note (6)(e))
1470 Prepayments and other current assets
Total current assets
Non-current assets:
1550 Investments accounted for using equity method, net(notes (6)(f)and (g))
1600 Property, plant and equipment(notes (6)(h), (7), (8)and (9))
1760 Investment property, net(notes (6)(i), (l)and (7))
1840 Deferred tax assets(note (6)(n))
1920 Refundable deposits
1975 Net defined benefit asset, non-current(note (6)(m))
1995 Other non-current assets, others(note (8))
Total non-current assets
Total assets
| December 31, 2025 | December 31, 2024 | ||
|---|---|---|---|
| Amount | % | Amount | % |
| $ 103,920 | 3 | 112,979 | 3 |
| 88,525 | 3 | 150,711 | 5 |
| 30,345 | 1 | 27,628 | 1 |
| 252,611 | 8 | 253,295 | 7 |
| 30,821 | 1 | 29,732 | 1 |
| 13,320 | - | 13,112 | 1 |
| 3,310 | - | 3,310 | - |
| 139,966 | 4 | 138,232 | 4 |
| 739 | - | 2,172 | - |
| 663,557 | 20 | 731,171 | 22 |
| 1,827,904 | 56 | 1,857,898 | 55 |
| 600,879 | 19 | 612,568 | 18 |
| 152,337 | 5 | 153,732 | 4 |
| 6,824 | - | 15,706 | 1 |
| 11,026 | - | 11,025 | - |
| 7,286 | - | 6,318 | - |
| 5,992 | - | 1,012 | - |
| 2,612,248 | 80 | 2,658,259 | 78 |
| $ 3,275,805 | 100 | 3,389,430 | 100 |
Liabilities and Equity
Current liabilities:
2570 Short-term borrowings(notes (6)(j)and (8))
Short-term notes and bills payable(note (6)(j))
Notes payables and trade payable
Trade payable to related parties(note (7))
Other payables(notes (6)(m)and (7))
Current tax liabilities
Other current liabilities
Long-term borrowings, current portion(note (6)(j))
Current liabilities Total
Non-Current liabilities:
2570 Deferred tax liabilities(note (6)(n))
Total liabilities
Owners' equity (notes (6)(g), (k)and (o)):
3100 Capital stock
3200 Capital surplus
3300 Retained earnings
3300 Other equity interest
Total equity
| December 31, 2025 | December 31, 2024 | ||
|---|---|---|---|
| Amount | % | Amount | % |
| $ 705,000 | 22 | 715,000 | 21 |
| - | - | 80,000 | 3 |
| 37,030 | 1 | 46,094 | 1 |
| 46,181 | 2 | 60,759 | 2 |
| 69,684 | 2 | 72,913 | 2 |
| 4,506 | - | - | - |
| 5,194 | - | 5,315 | - |
| - | - | 19,500 | 1 |
| 867,595 | 27 | 999,581 | 30 |
| 74,766 | 2 | 76,328 | 2 |
| 942,361 | 29 | 1,075,909 | 32 |
| 1,695,147 | 52 | 1,695,147 | 50 |
| 257,098 | 8 | 257,098 | 8 |
| 479,670 | 14 | 448,589 | 13 |
| (98,471) | (3) | (87,313) | (3) |
| 2,333,444 | 71 | 2,313,521 | 68 |
| $ 3,275,805 | 100 | 3,389,430 | 100 |
See accompanying notes to parent company only financial statements.
(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD.
Statements of Comprehensive Income
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars, Except for Earnings Per Common Share)
| For the Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Amount | % | Amount | % | ||
| 4000 | Operating revenue, net(notes (6)(q)and (7)) | $ 1,503,874 | 100 | 1,580,130 | 100 |
| 5000 | Operating costs(notes (6)(e), (m), (r), (7)and (12)) | 1,389,897 | 92 | 1,415,711 | 89 |
| 5900 | Gross profit | 113,977 | 8 | 164,419 | 11 |
| 6000 | Operating expenses(notes (6)(l), (m), (r), (7)and (12)): | ||||
| 6100 | Selling expenses | 44,593 | 3 | 44,199 | 3 |
| 6200 | Administrative expenses | 92,666 | 6 | 88,682 | 6 |
| 6300 | Research and development expenses | 11,220 | 1 | 19,249 | 1 |
| 6450 | Total operating expenses | 148,479 | 10 | 152,130 | 10 |
| 6900 | Net operating income (loss) | (34,502) | (2) | 12,289 | 1 |
| 7000 | Non-operating income and expenses(notes (f), (k), (l), (s), (7)and (12)): | ||||
| 7100 | Interest income | 2,486 | - | 3,752 | - |
| 7010 | Other income | 1,579 | - | 1,527 | - |
| 7020 | Other gains and losses, net | (16,475) | (1) | 35,910 | 2 |
| 7050 | Finance costs, net | (14,988) | (1) | (15,482) | - |
| 7070 | Share of profit of subsidiaries and associates accounted for using equity method, net | 212,345 | 14 | 49,983 | 3 |
| Total non-operating income and expenses | 184,947 | 12 | 75,690 | 5 | |
| 7900 | Profit before income tax | 150,445 | 10 | 87,979 | 6 |
| 7951 | Less: income tax expenses (benefit)(note (6)(n)) | 35,057 | 2 | (1,761) | - |
| 8200 | Profit | 115,388 | 8 | 89,740 | 6 |
| 8300 | Other comprehensive income(notes (6)(m), (n)and (o)): | ||||
| 8310 | Items that may not be reclassified subsequently to profit or loss: | ||||
| 8311 | Gains on remeasurements of defined benefit plans | 562 | - | 1,460 | - |
| 8349 | Less: income tax related to components of other comprehensive income that will not be reclassified to profit or loss | 112 | - | 292 | - |
| 450 | - | 1,168 | - | ||
| 8360 | Items that may be reclassified subsequently to profit or loss: | ||||
| 8381 | Share of other comprehensive income of subsidiary under the equity method - Exchange differences on translation of foreign financial statements | (11,158) | (1) | 48,506 | 3 |
| 8399 | Less: income tax related to components of other comprehensive income that will be reclassified to profit or loss | (11,158) | (1) | 48,506 | 3 |
| 8300 | Other comprehensive income | (10,708) | (1) | 49,674 | 3 |
| 8500 | Total comprehensive income | $ 104,680 | 7 | 139,414 | 9 |
| Earnings per share (Unit: NTD)(note (6)(p)) | |||||
| 9750 | Basic earnings per share | $ | 0.68 | 0.55 | |
| 9850 | Diluted earnings per share | $ | 0.68 | 0.53 |
See accompanying notes to parent company only financial statements.
(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD.
Statements of Changes in Equity
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)
| Ordinary shares | Capital surplus | Retained earnings | Total other equity interest | |||||
|---|---|---|---|---|---|---|---|---|
| Legal reserve | Special reserve | Unappropriated retained earnings | Total retained earnings | Exchange differences on translation of foreign financial statements | Total equity | |||
| Balance at January 1, 2024 | $ 1,577,978 | 182,657 | 103,405 | 104,052 | 208,771 | 416,228 | (135,819) | 2,041,044 |
| Profit | - | - | - | - | 89,740 | 89,740 | - | 89,740 |
| Other comprehensive income | - | - | - | - | 1,168 | 1,168 | 48,506 | 49,674 |
| Total comprehensive income | - | - | - | - | 90,908 | 90,908 | 48,506 | 139,414 |
| Appropriation and distribution of retained earnings: | ||||||||
| Legal reserve appropriated | - | - | 1,479 | - | (1,479) | - | - | - |
| Special reserve appropriated | - | - | - | 31,767 | (31,767) | - | - | - |
| Cash dividends of ordinary share | - | - | - | - | (47,339) | (47,339) | - | (47,339) |
| Conversion of convertible bonds | 117,169 | 74,646 | - | - | - | - | - | 191,815 |
| Differences between consideration and carrying amount arising from acquisition of interest in subsidiary | - | (205) | - | - | (11,208) | (11,208) | - | (11,413) |
| Balance at December 31, 2024 | 1,695,147 | 257,098 | 104,884 | 135,819 | 207,886 | 448,589 | (87,313) | 2,313,521 |
| Profit | - | - | - | - | 115,388 | 115,388 | - | 115,388 |
| Other comprehensive income | - | - | - | - | 450 | 450 | (11,158) | (10,708) |
| Total comprehensive income | - | - | - | - | 115,838 | 115,838 | (11,158) | 104,680 |
| Appropriation and distribution of retained earnings: | ||||||||
| Legal reserve appropriated | - | - | 7,970 | - | (7,970) | - | - | - |
| Reversal of special reserve | - | - | - | (48,505) | 48,505 | - | - | - |
| Cash dividends of ordinary share | - | - | - | - | (84,757) | (84,757) | - | (84,757) |
| Balance at December 31, 2025 | $ 1,695,147 | 257,098 | 112,854 | 87,314 | 279,502 | 479,670 | (98,471) | 2,333,444 |
See accompanying notes to parent company only financial statements.
(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD.
Statements of Cash Flows
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)
| For the Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from (used in) operating activities: | ||
| Profit before tax | $ 150,445 | 87,979 |
| Adjustments: | ||
| Adjustments to reconcile profit (loss): | ||
| Depreciation expense | 50,532 | 57,408 |
| Net gain on financial assets or liabilities at fair value through profit or loss | (7,269) | (7,515) |
| Interest expense | 14,988 | 15,482 |
| Interest income | (2,486) | (3,752) |
| Dividend income | - | (55) |
| Share of profit of subsidiaries and associates accounted for using equity method | (212,345) | (49,983) |
| Impairment loss of investments accounted for using equity method | - | 7,225 |
| Gain on disposal of investment properties | (283) | - |
| Unrealized foreign exchange loss (gain) | 2,355 | (8,779) |
| Total adjustments to reconcile profit | (154,508) | 10,031 |
| Changes in operating assets and liabilities: | ||
| Changes in operating assets: | ||
| Increase in notes receivable | (2,717) | (1,808) |
| Decrease (increase) in trade receivable | 3,338 | (41,501) |
| Increase in trade receivable due from related parties | (683) | (3,547) |
| Increase in other receivable | (69) | (7,550) |
| Increase in inventories | (1,734) | (5,537) |
| Decrease (increase) in prepayments and other current assets | 1,433 | (1,444) |
| Increase in net defined benefit assets | (406) | (333) |
| Total changes in operating assets | (838) | (61,720) |
| Changes in operating liabilities: | ||
| Increase (decrease) in notes and trade payable | (9,064) | 9,504 |
| Increase (decrease) in trade payable to related parties | (14,704) | 14,458 |
| Increase (decrease) in other payable | (6,414) | 7,123 |
| Increase (decrease) in other current liabilities | (121) | 26 |
| Total changes in operating liabilities | (30,303) | 31,111 |
| Total changes in operating assets and liabilities | (31,141) | (30,609) |
| Total adjustments | (185,649) | (20,578) |
See accompanying notes to parent company only financial statements.
(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD.
Statements of Cash Flows
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)
| For the Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash inflow (outflow) generated from operations | (35,204) | 67,401 |
| Interest received | 2,347 | 4,081 |
| Dividends received | - | 55 |
| Interest paid | (15,043) | (14,109) |
| Income taxes paid | (194) | (3,411) |
| Net cash flows from (used in) operating activities | (48,094) | 54,017 |
| Cash flows from (used in) investing activities: | ||
| Acquisition of financial assets at fair value through profit or loss | (14,443) | (31,415) |
| Proceeds from disposal of financial assets at fair value through profit or loss | 84,617 | 4,561 |
| Acquisition of property, plant and equipment | (31,848) | (58,136) |
| Proceeds from disposal of property, plant and equipment | 400 | - |
| Acquisition of investment properties | (1,843) | (180) |
| Increase in refundable deposit | (1) | (187) |
| Decrease (increase) in other non-current assets | (5,625) | 271 |
| Repatriation of subsidiary surpluses | 208,032 | - |
| Net cash flows from (used in) investing activities | 239,289 | (85,086) |
| Cash flows from (used in) financing activities: | ||
| Increase in short-term borrowings | 245,000 | 217,500 |
| Decrease in short-term borrowings | (255,000) | (50,000) |
| Increase (decrease) in short-term notes and bills payable | (80,000) | 80,000 |
| Repayments of long-term borrowings | (19,500) | (42,000) |
| Acquisition of equity in subsidiaries | - | (214,750) |
| Cash dividends paid | (84,757) | (47,339) |
| Net cash flows from (used in) financing activities | (194,257) | (56,589) |
| Effect of exchange rate changes on cash and cash equivalents | (5,997) | 556 |
| Net decrease in cash and cash equivalents | (9,059) | (87,102) |
| Cash and cash equivalents at beginning of period | 112,979 | 200,081 |
| Cash and cash equivalents at end of period | $ 103,920 | 112,979 |
See accompanying notes to parent company only financial statements.
Independent Auditors' Report
To the Board of Directors of JUNG SHING WIRE CO., LTD.:
Opinion
We have audited the consolidated financial statements of JUNG SHING WIRE CO., LTD. and its subsidiaries (“the Group”), which comprise the consolidated balance sheet as of December 31, 2025 and 2024, the consolidated statement of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as of December 31, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and with the International Financial Reporting Standards (“IFRSs”), International Accounting Standards (“IASs”), Interpretations developed by the International Financial Reporting Interpretations Committee (“IFRIC”) or the former Standing Interpretations Committee (“SIC”) endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.
Basis for Opinion
We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with The Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Based on our judgment, the key audit matters that should be disclosed in this report are as follows:
Valuation of slow-moving inventories
For the accounting policies of inventory, please refer to Note 4(h) “Inventories”; For the accounting estimates and assumptions uncertainty of inventory evaluation, please refer to Note 5; For the description of the valuation of inventory to the financial statements, please refer to Note 6(f) “Inventories”.
17
Description of key audit matter:
The Group’s inventories primarily consist of enamelled wire and related raw materials, due to changes in market supply and demand and the potential for products to become obsolete or no longer meet market demand, the sales of related products may experience significant fluctuations, leading to inventory obsolescence and posing the risk that the cost of current inventory may exceed its net realizable value. Therefore, the valuation of slow-moving inventories has been identified as one of our key audit matters.
How the matter was addressed in our audit:
The primary audit procedures performed in response to the key audit matter described above include:
- Gaining and understanding of the inventory obsolescence valuation policy adopted by management and comparing the actual condition of obsolete inventory in prior periods to assess the accuracy of past management estimates.
- Selecting appropriate samples from the inventory aging report and comparing them with transaction documents to verify that the inventory was classified into the appropriate aging intervals.
- Recalculating the inventory obsolescence allowance based on the applicable provision rates for each aging category.
- Evaluate whether the Group’s disclosure of information on allowance for inventory obsolescence loss is appropriate.
Other Matter
JUNG SHING WIRE CO., LTD. has prepared its parent-company-only financial statements as of and for the years ended December 31, 2025 and 2024, on which we have issued an unmodified opinion.
Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and with the IFRSs, IASs, IFRC, SIC endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
Those charged with governance (including the Audit Committee) are responsible for overseeing the Group’s financial reporting process.
Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
18
As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
-
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient and appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
19
The engagement partners on the audit resulting in this independent auditors’ report are Su, Yen-Ta and Hsu, Cheng-Lung.
KPMG
Taipei, Taiwan (Republic of China)
March 10, 2026
20
(English Translation of Consolidated Financial Statements and Report Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD. AND SUBSIDIARIES
Consolidated Balance Sheets
December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)
Assets
Current assets:
| 1100 | Cash and cash equivalents(note (6)(a)) |
|---|---|
| 1110 | Current financial assets at fair value through profit or loss-current(note (6)(b)) |
| 1136 | Current financial assets at amortised cost-current(note (6)(c)) |
| 1150 | Notes receivable(notes (6)(d), (r)and (7)) |
| 1170 | Trade receivable, net(notes (6)(d)and (r)) |
| 1181 | Trade receivable due from related parties(notes (6)(d), (r)and (7)) |
| 1200 | Other receivables(note (6)(e)) |
| 1220 | Current tax assets |
| 130X | Inventories(note (6)(f)) |
| 1410 | Prepayments and other current assets |
| 1460 | Non-current assets classified as held for sale, net(notes (6)(g), (j)and (k)) |
Total current assets
Non-current assets:
| 1550 | Investments accounted for using equity method, net(note (6)(h)) |
|---|---|
| 1600 | Property, plant and equipment(notes (6)(g), (j), (8)and (9)) |
| 1755 | Right-of-use assets(notes (6)(g)and (k)) |
| 1821 | Intangible assets |
| 1840 | Deferred tax assets(note (6)(o)) |
| 1920 | Refundable deposits |
| 1975 | Net defined benefit asset, non-current(note (6)(n)) |
| 1980 | Total other non-current financial assets(note (8)) |
| 1995 | Other non-current assets(note (6)(j)) |
Total non-current assets
Total assets
| December 31, 2025 | December 31, 2024 | ||
|---|---|---|---|
| Amount | % | Amount | % |
| $ 510,598 | 15 | 500,477 | 13 |
| 162,022 | 5 | 285,622 | 8 |
| 242,081 | 7 | 496,593 | 13 |
| 32,586 | 1 | 27,633 | 1 |
| 809,999 | 24 | 769,281 | 21 |
| 16,535 | - | 24,742 | 1 |
| 59,002 | 2 | 25,866 | 1 |
| 3,310 | - | 3,310 | - |
| 339,772 | 10 | 344,612 | 9 |
| 54,907 | 2 | 31,048 | 1 |
| - | - | 16,977 | - |
| 2,230,812 | 66 | 2,526,161 | 68 |
| 17,723 | 1 | 18,949 | - |
| 1,017,142 | 30 | 1,066,416 | 29 |
| 55,714 | 2 | 60,985 | 2 |
| 961 | - | 1,441 | - |
| 11,889 | - | 24,664 | 1 |
| 12,605 | - | 12,669 | - |
| 7,286 | - | 6,318 | - |
| - | - | 3,000 | - |
| 15,771 | 1 | 13,319 | - |
| 1,139,091 | 34 | 1,207,761 | 32 |
| $ 3,369,903 | 100 | 3,733,922 | 100 |
Liabilities and Equity
Current liabilities:
| 2100 | Short-term borrowings(notes (6)(l)and (8)) |
|---|---|
| 2110 | Short-term notes and bills payable(note (6)(l)) |
| 2170 | Notes payables and trade payable |
| 2180 | Trade payable to related parties(note (7)) |
| 2200 | Other payables(notes (6)(n)and (7)) |
| 2230 | Current tax liabilities |
| 2260 | Liabilities related to non-current assets classified as held for sale(note (6)(g)) |
| 2300 | Other current liabilities(note (6)(r)) |
| 2322 | Long-term borrowings, current portion(note (6)(l)) |
Current liabilities Total
Non-Current liabilities:
| 2570 | Deferred tax liabilities(note (6)(o)) |
|---|---|
| 2645 | Othr non-current liabilities |
| Non-current liabilities Total | |
| Total liabilities |
Owners' equity (notes (6)(i), (m)and (p)):
| 3100 | Capital stock |
|---|---|
| 3200 | Capital surplus |
| 3300 | Retained earnings |
| 3400 | Other equity interest |
| Total equity attributable to owners of parent: | |
| 36XX | Non-controlling interests |
| Total equity | |
| Total liabilities and equity | |
| December 31, 2025 | |
| --- | --- |
| Amount | % |
| $ 740,000 | 22 |
| - | - |
| 43,520 | 2 |
| 28,967 | 1 |
| 110,521 | 3 |
| 24,963 | 1 |
| - | - |
| 5,603 | - |
| - | - |
| 953,574 | 29 |
| 74,766 | 2 |
| 944 | - |
| 75,710 | 2 |
| 1,029,284 | 31 |
| 1,695,147 | 50 |
| 257,098 | 8 |
| 479,670 | 14 |
| (98,471) | (3) |
| 2,333,444 | 69 |
| 7,175 | - |
| 2,340,619 | 69 |
| $ 3,369,903 | 100 |
See accompanying notes to consolidated financial statements.
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD. AND SUBSIDIARIES
Consolidated Statements of Comprehensive Income
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars, Except for Earnings Per Common Share)
| For the Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Amount | % | Amount | % | ||
| 4000 | Operating revenue, net(notes (6)(r)and (7)) | $ 3,363,151 | 100 | 3,395,533 | 100 |
| 5000 | Operating costs(notes (6)(f), (n), (s), (7)and (12)) | 3,120,144 | 93 | 3,085,728 | 91 |
| Gross profit | 243,007 | 7 | 309,805 | 9 | |
| 6000 | Operating expenses(notes (6)(d), (g), (n), (s), (7)and (12)): | ||||
| 6100 | Selling expenses | 48,916 | 1 | 46,975 | 1 |
| 6200 | Administrative expenses | 182,074 | 5 | 186,820 | 6 |
| 6300 | Research and development expenses | 17,955 | 1 | 28,063 | 1 |
| 6450 | Expected credit loss (gain) | (5,006) | - | 10,155 | - |
| Total operating expenses | 243,939 | 7 | 272,013 | 8 | |
| 6900 | Net operating income (loss) | (932) | - | 37,792 | 1 |
| 7000 | Non-operating income and expenses(notes (6)(g), (h), (m), (t), (7)and (12)): | ||||
| 7100 | Interest income | 18,667 | 1 | 20,460 | 1 |
| 7010 | Other income | 3,764 | - | 4,035 | - |
| 7020 | Other gains and losses | 230,564 | 7 | 51,291 | 2 |
| 7050 | Finance costs | (15,777) | (1) | (17,050) | (1) |
| 7060 | Share of profit (loss) of associates accounted for using equity method, net | (1,226) | - | (3,826) | - |
| Total non-operating income and expenses | 235,992 | 7 | 54,910 | 2 | |
| 7900 | Profit before income tax | 235,060 | 7 | 92,702 | 3 |
| 7951 | Less: income tax expenses(note (6)(o)) | 124,226 | 4 | 13,882 | - |
| 8200 | Profit | 110,834 | 3 | 78,820 | 3 |
| 8300 | Other comprehensive income(notes (6)(o)and (p)): | ||||
| 8310 | Items that may not be reclassified subsequently to profit or loss: | ||||
| 8311 | Gains on remeasurements of defined benefit plans | 562 | - | 1,460 | - |
| 8349 | Less: income tax related to components of other comprehensive income that will not be reclassified to profit or loss | 112 | - | 292 | - |
| 450 | - | 1,168 | - | ||
| 8360 | Items that may be reclassified subsequently to profit or loss: | ||||
| 8361 | Exchange differences on translation of foreign financial statements | (11,158) | - | 48,506 | 1 |
| 8399 | Less: income tax related to components of other comprehensive income that will be reclassified to profit or loss | (11,158) | - | 48,506 | 1 |
| (10,708) | - | 49,674 | 1 | ||
| 8300 | Other comprehensive income | $ 100,126 | 3 | 128,494 | 4 |
| 8500 | Total comprehensive income | ||||
| Profit (loss), attributable to: | |||||
| 8610 | Profit (loss), attributable to owners of parent | $ 115,388 | 3 | 89,740 | 3 |
| 8620 | Profit (loss), attributable to non-controlling interests | (4,554) | - | (10,920) | - |
| $ 110,834 | 3 | 78,820 | 3 | ||
| Comprehensive income attributable to: | |||||
| 8710 | Comprehensive income, attributable to owners of parent | $ 104,680 | 3 | 139,414 | 4 |
| 8720 | Comprehensive income, attributable to non-controlling interests | (4,554) | - | (10,920) | - |
| $ 100,126 | 3 | 128,494 | 4 | ||
| Earnings per share (Unit: NTD)(note (6)(q)) | |||||
| 9750 | Basic earnings per share | $ | 0.68 | 0.55 | |
| 9850 | Diluted earnings per share | $ | 0.68 | 0.53 |
See accompanying notes to consolidated financial statements.
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD. AND SUBSIDIARIES
Consolidated Statements of Changes in Equity
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)
Balance at January 1, 2024
Profit (loss)
Other comprehensive income
Total comprehensive income
Appropriation and distribution of retained earnings:
Legal reserve appropriated
Special reserve appropriated
Cash dividends of ordinary share
Conversion of convertible bonds
Difference between consideration and carrying amount of subsidiaries acquired or disposed
Balance at December 31, 2024
Profit (loss)
Other comprehensive income
Total comprehensive income
Appropriation and distribution of retained earnings:
Legal reserve appropriated
Reversal of special reserve
Cash dividends of ordinary share
Balance at December 31, 2025
Equity attributable to owners of parent
| Ordinary shares | Capital surplus | Retained earnings | Total other equity interest | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Legal reserve | Special reserve | Unappropriated retained earnings | Total retained earnings | Exchange differences on translation of foreign financial statements | Total equity attributable to owners of parent | Non-controlling interests | Total equity | ||
| $ 1,577,978 | 182,657 | 103,405 | 104,052 | 208,771 | 416,228 | (135,819) | 2,041,044 | 11,236 | 2,052,280 |
| - | - | - | - | 89,740 | 89,740 | - | 89,740 | (10,920) | 78,820 |
| - | - | - | - | 1,168 | 1,168 | 48,506 | 49,674 | - | 49,674 |
| - | - | - | - | 90,908 | 90,908 | 48,506 | 139,414 | (10,920) | 128,494 |
| - | - | 1,479 | - | (1,479) | - | - | - | - | - |
| - | - | - | 31,767 | (31,767) | - | - | - | - | - |
| - | - | - | - | (47,339) | (47,339) | - | (47,339) | - | (47,339) |
| 117,169 | 74,646 | - | - | - | - | - | 191,815 | - | 191,815 |
| - | (205) | - | - | (11,208) | (11,208) | - | (11,413) | 11,413 | - |
| 1,695,147 | 257,098 | 104,884 | 135,819 | 207,886 | 448,589 | (87,313) | 2,313,521 | 11,729 | 2,325,250 |
| - | - | - | - | 115,388 | 115,388 | - | 115,388 | (4,554) | 110,834 |
| - | - | - | - | 450 | 450 | (11,158) | (10,708) | - | (10,708) |
| - | - | - | - | 115,838 | 115,838 | (11,158) | 104,680 | (4,554) | 100,126 |
| - | - | 7,970 | - | (7,970) | - | - | - | - | - |
| - | - | - | (48,505) | 48,505 | - | - | - | - | - |
| - | - | - | - | (84,757) | (84,757) | - | (84,757) | - | (84,757) |
| $ 1,695,147 | 257,098 | 112,854 | 87,314 | 279,502 | 479,670 | (98,471) | 2,333,444 | 7,175 | 2,340,619 |
See accompanying notes to consolidated financial statements.
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)
| For the Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from (used in) operating activities: | ||
| Profit before tax | $ 235,060 | 92,702 |
| Adjustments: | ||
| Adjustments to reconcile profit (loss): | ||
| Depreciation expense | 96,877 | 106,661 |
| Amortization expense | 725 | 480 |
| Interest income | (18,667) | (20,460) |
| Dividend income | - | (55) |
| Interest expense | 15,777 | 17,050 |
| Expected credit loss (gain) | (5,006) | 10,155 |
| Loss (gain) on disposal of property, plant and equipment | 5,614 | (800) |
| Net gain on financial assets or liabilities at fair value through profit or loss | (8,922) | (10,699) |
| Gain on disposal of non-current assets classified as held for sale | (189,906) | - |
| Gain on lease modification | (79,709) | - |
| Share of loss of associates and joint ventures accounted for using equity method | 1,226 | 3,826 |
| Impairment loss of investments accounted for using equity method | - | 7,225 |
| Unrealized foreign exchange loss (gain) | 4,239 | (20,970) |
| Total adjustments to reconcile profit | (177,752) | 92,413 |
| Changes in operating assets and liabilities: | ||
| Changes in operating assets: | ||
| Increase in notes receivable | (4,953) | (1,528) |
| Increase in trade receivable | (33,284) | (164,217) |
| Decrease (increase) in trade receivable due from related parties | 8,143 | (9,669) |
| Increase in other receivable | (31,811) | (19,189) |
| Decrease (increase) in inventories | 5,975 | (31,929) |
| Decrease (increase) in prepayments and other current assets | (23,875) | 2,169 |
| Increase in net defined benefit assets | (406) | (333) |
| Total changes in operating assets | (80,211) | (224,696) |
| Changes in operating liabilities: | ||
| Increase (decrease) in notes and trade payable | (9,867) | 10,751 |
| Increase (decrease) in trade payable to related parties | (3,004) | 6,372 |
| Increase (decrease) in other payable | 24,510 | (2,004) |
| Decrease in other financial liabilities | (126) | (8,620) |
| Total changes in operating liabilities | 11,513 | 6,499 |
| Total changes in operating assets and liabilities | (68,698) | (218,197) |
| Total adjustments | (246,450) | (125,784) |
See accompanying notes to consolidated financial statements.
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
JUNG SHING WIRE CO., LTD. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
For the years ended December 31, 2025 and 2024
(Expressed in Thousands of New Taiwan Dollars)
| For the Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash outflow generated from operations | (11,390) | (33,082) |
| Interest received | 17,380 | 20,385 |
| Dividends received | - | 55 |
| Interest paid | (15,806) | (17,080) |
| Income taxes paid | (95,577) | (18,622) |
| Net cash flows from (used in) operating activities | (105,393) | (48,344) |
| Cash flows from (used in) investing activities: | ||
| Acquisition of financial assets at amortised cost | - | (464,575) |
| Proceeds from disposal of financial assets at amortised cost | 257,317 | - |
| Acquisition of financial assets at fair value through profit or loss | (778,816) | (521,348) |
| Proceeds from disposal of financial assets at fair value through profit or loss | 910,118 | 541,862 |
| Acquisition of property, plant and equipment | (55,861) | (83,641) |
| Proceeds from disposal of property, plant and equipment | 3,174 | 1,768 |
| Acquisition of intangible assets | (245) | - |
| Decrease in other financial assets | 3,000 | - |
| Decrease (increase) in refundable deposits | 73 | (325) |
| Increase in other non-current assets | (9,072) | (3,763) |
| Increase in liabilities related on non-current assets classified as held for sale | - | 266,428 |
| Net cash flows from (used in) investing activities | 329,688 | (263,594) |
| Cash flows from (used in) financing activities: | ||
| Increase in short-term borrowings | 280,000 | 252,500 |
| Decrease in short-term borrowings | (290,000) | (125,000) |
| Increase (decrease) in short-term notes and bills payable | (80,000) | 43,000 |
| Repayments of long-term debt | (19,500) | (42,000) |
| Increase (decrease) in guarantee deposits received | 167 | (57) |
| Cash dividends paid | (84,757) | (47,339) |
| Net cash flows from (used in) financing activities | (194,090) | 81,104 |
| Effect of exchange rate changes on cash and cash equivalents | (20,084) | 38,311 |
| Net increase (decrease) in cash and cash equivalents | 10,121 | (192,523) |
| Cash and cash equivalents at beginning of period | 500,477 | 693,000 |
| Cash and cash equivalents at end of period | $ 510,598 | 500,477 |
See accompanying notes to consolidated financial statements.
Proposed by the board of directors
(2) 2025 earnings distribution proposal, for your approval
Explanation: 1. Earnings distribution statement is as follows:
-
The Company's profit after tax of the year 2025 was NT$ 115,388,218, according to articles of incorporation and relevant regulations, added distributable earnings after adjusted, actual distributable earnings was NT$ 256,761,618, used the number of outstanding shares of the Company was 169,514,700 shares, allocated cash dividend was NT$ 0.6 for all shareholders' shareholding, the sum was NT$ 101,708,820, and cash dividends shall be calculated to dollar, with amounts of less than NT$ 1.00 unconditionally rounded down, and the fractional sum of less than NT$ 1.00 was recognized in other revenues.
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After the proposal is approved at a regular shareholders 'meeting, the board of directors is authorized to set ex-dividend date and payment date.
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As the total number of outstanding stocks led into the variation before ex-dividend date, and it caused that payout ratio changed, the chairman was authorized to handled with full discretion.
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After the preceding earning distortion proposal was approved by a resolution of board of directors, and it shall be submitted to audit committee for review, for your approval.
Resolution:
JUNG SHING WIRE CO., LTD.
Earnings Distribution Table
Year 2025
Unit: NT$
| Item | Amount |
|---|---|
| Beginning undistributed earnings | 163,664,776 |
| Plus: Net profit after tax | 115,388,218 |
| Plus: Actuarial profit of defined benefit plans | 449,600 |
| Minus: Transfer to legal reserve | (11,583,782) |
| Minus: Transfer to special reserve | (11,157,194) |
| Distributable earnings | 256,761,618 |
| Distributed item: cash dividend of common share: NT$0.6 per share | 101,708,820 |
| Ending undistributed earnings | 155,052,798 |
Chairman: Wang, Tung-Tzer Managerial officer: Chiu, Sho-Chi Accounting in charge: Hsuieh, Tien-Te
V. Extemporary Motions
VI. Adjournment
27
Appendix I
JUNG SHING WIRE CO., LTD.
Rules of Procedures for Shareholders Meetings
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The rules of procedures for the Company's shareholders meetings, except as otherwise provided by law, regulation, or the articles of incorporation, shall be as provided in these Rules.
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The Company shall furnish the attending shareholders with an attendance book to sign, or attending shareholders may hand in a sign-in card in lieu of signing in. The total number of shares represented shall be calculated by handing in a sign-in card.
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Attendance and vote at shareholders' meetings shall be calculated based on numbers of shares.
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The venue for a shareholders meeting shall be the premises of the Company, or a place easily accessible to shareholders and suitable for a shareholders meeting. The meeting may begin no earlier than 9 a.m. and no later than 3 p.m.
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If a shareholders' meeting is convened by the board of directors, the meeting shall be chaired by the chairperson of the board. When the chairperson of the board is on leave or for any reason unable to exercise the powers of the chairperson, the vice chairperson shall act in place of the chairperson; if there is no vice chairperson or the vice chairperson also is on leave or for any reason unable to exercise the powers of the vice chairperson, the chairperson shall appoint one of directors to act as chair. Where the chairperson does not make such a designation, the directors shall select from among themselves one person to serve as chair. Where the chairperson does not make such a designation, the managing directors or the directors shall select from among themselves one person to serve as chair.
A shareholders' meeting is convened by a party with the power to convene, the party shall be served as the chair.
- The Company may appoint its attorneys, certified public accountants, or related persons retained by it to attend a shareholders' meeting in a non-voting capacity.
Staff handling administrative affairs of a shareholders meeting shall wear identification cards or arm bands.
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The Company shall make an uninterrupted audio and video recording of the proceedings of the shareholders meeting, and the voting and the recorded materials shall be retained for at least one year.
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The chair shall call the meeting to order at the appointed meeting time. However, when the attending shareholders do not represent a majority of the total number of issued shares, the chair may announce a postponement, provided that no more than two such postponements, for a combined total of no more than one hour, may be made. If the quorum is not met after two postponements and the attending shareholders still represent less than one third of the total number of issued shares, a tentative resolution may be adopted pursuant to Article 175, paragraph 1 of the Company Act.
When, prior to conclusion of the meeting, the attending shareholders represent a majority of the total number of issued shares, the chair may resubmit the tentative resolution for a vote by the shareholders meeting pursuant to Article 174 of the Company Act.
- If a shareholders' meeting is convened by the board of directors, the meeting shall proceed in the order set by the agenda, which may not be changed without a resolution of the shareholders meeting.
The provisions of the preceding paragraph apply mutatis mutandis to a shareholders' meeting convened by a party with the power to convene that is not the board of directors.
The chair may not declare the meeting adjourned prior to completion of deliberation on the meeting agenda of the preceding two paragraphs (including extraordinary motions), except by a resolution of the shareholders' meeting.
When the meeting adjourned, shareholders shall not resume the meeting at another venue; however, the other members of the board of directors shall promptly assist the attending shareholders in electing a new chair in accordance with statutory procedures, by agreement of a majority of the votes represented by the attending shareholders.
- Before speaking, an attending shareholder must specify on a speaker's slip the subject of the speech, his/her shareholder account number (or attendance card number), and account name. The order in which shareholders speak will be set by the chair.
A shareholder in attendance who has submitted a speaker's slip but does not actually speak shall be deemed to have not spoken. When the content of the speech does not correspond to the subject given on the speaker's slip, the spoken content shall prevail.
When an attending shareholder is speaking, other shareholders may not speak or interrupt unless they have sought and obtained the consent of the chair and the shareholder that has the floor; the chair shall stop any violation.
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Except with the consent of the chair, a shareholder may not speak more than twice on the same proposal, and a single speech may not exceed 5 minutes. If the shareholder's speech violates the rules or exceeds the scope of the agenda item, the chair may terminate the speech.
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When a juristic person attends a shareholders' meeting by proxy, a juristic person can only appoint one person representing to attend.
When a juristic person shareholder appoints two or more representatives to attend a shareholders meeting, only one of the representatives so appointed may speak on the same proposal.
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After an attending shareholder has spoken, the chair may respond in person or direct relevant personnel to respond.
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When the chair is of the opinion that a proposal has been discussed sufficiently to put it to a vote, a vote shall be put.
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Vote monitoring and counting personnel for the voting on a proposal shall be appointed by the chair, provided that all monitoring personnel shall be shareholders of the Company.
Results of election shall be reported on site, and a record shall be made.
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When a meeting is in progress, the chair may announce a break based on time considerations.
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Except as otherwise provided in the Company Act and in the Company's articles of incorporation, the passage of a proposal shall require an affirmative vote of a majority of the voting rights represented by the attending shareholders.
At the time of a vote, when the chair consults without dissents, a proposal is regarded to be approved, and its effectiveness is same as votes.
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When there is an amendment or an alternative to a proposal, the chair shall present the amended or alternative proposal together with the original proposal and decide the order in which they will be put to a vote. When any one among them is passed, the other proposals will then be deemed rejected, and no further voting shall be required.
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The chair may direct the proctors or security personnel to help maintain order at the meeting place. When proctors or security personnel help maintain order at the meeting place, they shall wear armband bearing the word "Proctor."
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These Rules shall take effect after having been submitted to and approved by a shareholders' meeting. Subsequent amendments thereto shall be effected in the same manner.
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Appendix II
JUNG SHING WIRE CO., LTD.
Articles of Incorporation
Chapter 1 General Provision
Article 1: The Company organized in accordance with the Company Act, named “榮星電線工業股份有限公司”.
Article 2: The Company established the head office in Tainan City, shall establish branches in domestic foreign places after approved by a resolution of the board of directors when it's necessary.
Article 3: The Company's operating business is as follow:
- CC01020 Electric Wires and Cables Manufacturing
- CC01080 Electronic Component Manufacturing
- F401010 International Trade
- ZZ99999 except licensing business, all business items that are not prohibited or restricted by law.
Article 4: The Company may make guarantees for other companies, reinvest in other business as business needs.
Article 5: The Company's investment in other business shall not apply to the Company Act "reinvestment shall not exceed 40% of the Company's paid-in share capital.
Article 6: The Company's announcement methods shall be conducted in accordance with Article 28 of the Company Act.
Chapter 2. Shares
Article 7: The Company's total capital was set as NT$ 3 billion, separated into 300 million common stocks, the price per share was NT$ 10; regarded as business needs, unissued shares were issued by authorized board of directors in several times.
Article 8: The Company's shares were registered, and shall be numbered, signed or sealed by shareholders representing the Company, and issued in an accordance with the competent authority or its audited issuance and registration institutions after certified.
Shares issued by the Company may be exempted from printing, and Taiwan Depository & Clearing Corporation shall be contacted for registration.
Article 9: When the Company issues new shares, the shares may be consolidated printed as the total number of issuance this time or exempted from printing,
According to the preceding issued shares shall not apply to the regulation of numbering shares, and the Company shall contact Taiwan Depository & Clearing Corporation for custody or registration.
Article 10: When the Company's shareholders conduct share affairs matters, like share transfer, setting pledge of rights, lost, inheritance, grant and seal lost and altering or address change, etc., and exercise all rights, except laws and the provisions otherwise prescribed by Securities Act, shall be conducted in accordance with "Regulations Governing the Administration of Shareholder Services of Public Companies".
Article 11: Share transfer registration shall not be altered within 60 days prior to the convening date of each regular shareholders' meeting, or within 30 days prior to the convening date of a special shareholders' meeting, or within 5 days prior to the target date fixed by the issuing company for distribution of dividends, bonus or other benefits.
Chapter 3. Shareholders' meeting
Article 12: The company shall hold two types of shareholders' meetings: regular meetings and special meetings. A regular meeting shall be held once every year within six months after the end of each fiscal year, and notice shall be given to all shareholders at least thirty days in advance. A special meeting shall be convened when necessary, and notice shall be given to all shareholders at least fifteen days in advance. Meeting date, place and convenance reasons shall be specified in the preceding notification.
Except the provisions otherwise prescribed by the Company Act, a shareholders' meeting shall be convened by the board of directors.
When the Company's shareholders' meeting is convened, shall be made by means of visual communication network or other methods announced by the competent authority.
Article 13: When a shareholder can't attend a shareholders' meeting, shall appoint a proxy issued by the Company, authorization scope shall be specified of appointing a proxy to attend. However, when a person who acts as the proxy for two or more shareholders, the number of voting power represented by him/her shall not exceed 3% of the total number of voting shares of the company, otherwise, the portion of excessive voting power shall not be counted.
Shareholders appoint to attend method, except the provisions otherwise prescribed by the Company Act, shall be conducted in accordance with "Regulations Governing the Use of Proxies for Attendance at
Shareholders Meetings of Public Companies” issued by the competent authority.
Article 14: Except the provisions otherwise prescribed by the Company Act, the chairman shall be the chair of a shareholders’ meeting, in case the chairman of the board of directors is on leave or absent or cannot exercise his power and authority for any cause, the vice chairman shall act on his behalf. In case there is no vice chairman, or the vice chairman is also on leave or absent or unable to exercise his power and authority for any cause, the chairman of the board of directors shall designate one of the directors, to act on his behalf. In the absence of such a designation, the directors shall elect from among themselves an acting chairman of the board of directors, and a shareholders’ meeting shall be conducted in accordance with the Company’s rules governing the proceedings of meetings.
Article 15: Resolutions at a shareholders' meeting shall, unless otherwise provided for in this Act, be adopted by a majority vote of the shareholders present, who represent more than one-half of the total number of voting shares.
Article 16: Resolutions adopted at a shareholders' meeting shall be recorded in the minutes of the meeting, which shall be affixed with the signature or seal of the chairman of the meeting and shall be distributed to all shareholders of the company within twenty days after the close of the meeting. The distribution of the minutes of shareholders' meeting as required in the preceding Paragraph may be effected by the Company Act.
The minutes of shareholders' meeting shall record the date and place of the meeting, the name of the chairman, the method of adopting resolutions, and a summary of the essential points of the proceedings and the results of the meeting. The minutes shall be kept persistently throughout the life of the company. The attendance list bearing the signatures of shareholders present at the meeting and the powers of attorney of the proxies shall be kept by the company for a minimum period of at least one year. However, if a lawsuit has been instituted by any shareholder in accordance with the provisions of Article 189 hereof, the minutes of the shareholders' meeting involved shall be kept by the company until the legal proceedings of the foregoing lawsuit have been concluded.
Chapter 4. Board of Directors and Audit Committee
Article 17: The Company has seven to nine directors, and shall be elected from among the shareholders with disposing capacity in a shareholders’ meeting, the term of office is three years, and they may be eligible for re-election.
A candidate nomination system shall be adopted, shareholders shall elect from the list of shareholder candidates. Exercising relevant matters shall be conducted in accordance with the Company Act, Security Exchange Act and other relevant laws.
The amount of directors in first paragraph, the number of independent directors shall not be less than two persons, and no less than one-fifth of directors’ number, independent director’s professional qualification, shareholding, part-time limit, independence recognition, nomination and election method and other following matters, shall be conducted in accordance with regulations of the securities competent authority. Independent directors and non-independent directors shall be elected together, and elected number shall be separately calculated.
Article 17-1: Directors’ remuneration of the Company shall be determined by authorized board of directors’ meeting in accordance with in accordance with payment of the general level of the same industry.
Article 18: Directors organized the board of directors, the chairman shall be elected among directors, managing the Company’s all business internally, representing the company externally, and the board of directors shall elect a vice chairman of the board directors from among the directors, he/she assistants the chairman handling affairs.
Article 18-1: The chairman regards the Company’s business needs, insures liability for directors, managerial officers or employees, etc.
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Article 19: Meetings of the board of directors shall be convened by the chairman of the board of directors. When a shareholders' meeting is held, the chairman shall be the chair, in case the chairman of the board of directors is on leave or absent or cannot exercise his power and authority for any cause, the vice chairman shall act on his behalf. In case there is no vice chairman, or the vice chairman is also on leave or absent or unable to exercise his power and authority for any cause, the chairman of the board of directors shall designate one of the directors to act on his behalf. In the absence of such a designation, the directors shall elect from among themselves an acting chairman of the board of directors.
In case a board of directors' meeting is proceeded via visual communication network, the shareholders taking part in such a visual communication meeting shall be deemed to have attended the meeting in person.
When a director is absent, shall issue a proxy, authorized scope shall be specified, and appoints other director to attend in his/her behalf.
The convenience of the Company's board of directors' meeting shall be notified all directors within 7 days before the meeting date. In the case of emergency, a meeting of the board of directors may be convened at any time.
In calling a meeting of the board of directors, a notice in the preceding paragraph shall set forth therein the subject(s) to be discussed at the meeting, shall be made by written, E-mail or fax.
Article 20: Except the provisions otherwise prescribed by the Company Act, shall be decided by a resolution shall be adopted to conduct by a majority vote of the directors at a meeting of the board of directors attended by at least a majority of the entire directors of the company.
Article 21: Audit committee exercises relevant duties in accordance with laws, and may attend the meeting of board of directors to express opinions without voting rights.
Chapter 5. Managerial Officer
Article 22: The Company may appoint several general managers and vice general manager.
Article 23: The Company's fiscal year is from January 1 to December 31 each year, at the close of the fiscal year, the board of directors shall prepare the following statements and records and shall forward to a regular shareholders' meeting the same for approval:
(1) The business report.
(2) The financial statements.
(3) The surplus earning distribution or loss off-setting proposals.
Article 24: When the Company has an amount of profit, shall allocate not less than $0.5\%$ as employees' remuneration, not less than $87\%$ of employees' remuneration as cross-root employees' remuneration, and not more than $3\%$ of profit of the latest year as directors' remuneration, however, when the Company has loss, shall be recovered.
The preceding term "an amount of profit" means pre-tax benefits deducted the benefits before employees' and directors' remuneration.
Distribution of employees' remuneration and directors' remuneration shall be conducted upon adoption of a resolution by a majority voting of the directors present at a meeting of its board of directors attended by two-thirds of the directors of the company, and reported to a shareholders' meeting.
Employee's remuneration shall be paid by shares or cash, the distributed objects are including the employees of parents or subsidiaries of the Company meeting certain specific requirements.
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When the Company has surplus in final accounts each year, except paying all taxes in accordance with laws, shall recover loss in previous years first, then the balance shall be allocated 10% as surplus reserve, and recognized or reversed special surplus reserve in accordance with business needs, and the rest shall be programmed surplus distribution proposal made by the board of directors, and reported to a shareholders’ meeting for a resolution to distribute.
The Company’s industry characteristic is stable, and a long and sustainable business, to enhance the Company’s financial structure and protect investors’ equity, the Company adopts balanced dividend policy, and comprehensively considering additional paid-In capital, retained earnings and profit situation of the future, its distribution proportion, cash dividend shall not less than 5% of the sub of paid cash and stock dividend of the current year, however, when the surplus and capital are abundant in the future, distribution proportion shall be raised.
All of a part of the Company’s distributed dividend and bonus or legal reserve and additional paid-In capital shall be paid bay cash, and authorized the board of directors to conduct upon adoption of a resolution by a majority voting of the directors present at a meeting of its board of directors attended by two-thirds of the directors of the company, and reported to a shareholders’ meeting.
Chapter 7. Supplemental Provisions
Article 25: The Company’s organizational regulations and the handing rules may be prescribed separately.
Article 26: Unsettled affairs of the Articles of Incorporation shall be handled in accordance with the Company Act and other regulations.
Article 27: The Articles of Incorporation was drawn up on July 10, 1971.
- The 1st amendment was made on February 21, 1973.
- The 2nd amendment was made on August 17, 1974.
- The 3rd amendment was made on June 18, 1977.
- The 4th amendment was made on June 22, 2001.
- The 5th amendment was made on June 15, 1979.
- The 6th amendment was made on March 1, 1980.
- The 7th amendment was made on May 10, 1981.
- The 8th amendment was made on July 30, 1982.
- The 9th amendment was made on March 12, 1983.
- The 10th amendment was made on October 31, 1983.
- The 11th amendment was made on January 22, 1986.
- The 12th amendment was made on May 12, 1986.
- The 13th amendment was made on April 10, 1987.
- The 14th amendment was made on December 19, 1987.
- The 15th amendment was made on March 19, 1988.
- The 16th amendment was made on April 14, 1990.
- The 17th amendment was made on July 15, 1991.
- The 18th amendment was made on May 16, 1992.
- The 19th amendment was made on May 8, 1993.
- The 20th amendment was made on May 28, 1994.
- The 21st amendment was made on November 26, 1994.
- The 22nd amendment was made on June 10, 1995.
- The 23rd amendment was made on May 31, 1996.
- The 24th amendment was made on May 30, 1997.
- The 25th amendment was made on April 24, 1998.
- The 26th amendment was made on June 21, 2000.
- The 27th amendment was made on June 22, 2001.
- The 28th amendment was made on June 18, 2002.
- The 29th amendment was made on June 24, 2003.
- The 30th amendment was made on June 24, 2003
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The 31st amendment was made on June 24, 2004.
The 32nd amendment was made on June 14, 2005.
The 33rd amendment was made on June 21, 2007.
The 34th amendment was made on June 16, 2009.
The 35th amendment was made on June 29, 2010.
The 36th amendment was made on June 21, 2011.
The 37th amendment was made on June 24, 2015.
The 38th amendment was made on June 14, 2016.
The 39th amendment was made on June 17, 2020.
The 40th amendment was made on June 14, 2022.
The 41st amendment was made on June 19, 2025.
It took affect from the date of a resolution of a shareholders’ meeting. Subsequent amendments thereto shall be effected in the same manner.
JUNG SHING WIRE CO.,LTD.
Chairman: Wang, Tung-Tzer
Appendix III
JUNG SHING WIRE CO., LTD. Directors' Shareholding Statement
The record date: April 18, 2026
| Title | Name | Elected date | Shareholding number on April 18, 2026 | Remark | ||
|---|---|---|---|---|---|---|
| Type | Share number | Accounted for issuing of the current year (%) | ||||
| Chairman | Wang, Tung-Tzer | June 19, 2025 | Common stock | 1,306,241 | 0.77% | |
| Vice chairman | Representative of Furukawa Magnet Wire Co., LTD.:Hasegawa Shigeyuki | June 19, 2025 | Common stock | 31,546,647 | 18.61% | |
| Director | Representative of Taya Electric Wire and Cable Co., Ltd.: Shen, Shang-Hung | June 19, 2025 | Common stock | 36,378,065 | 21.46% | |
| Director | Wang, Bo-shan | June 19, 2025 | Common stock | 2,000,000 | 1.18% | |
| Independent director | Fang, Hueh-Ling | June 19, 2025 | Common stock | 0 | 0 | |
| Independent director | Hung, Kuo-Chao | June 19, 2025 | Common stock | 0 | 0 | |
| Independent director | Shih, Ta-Kun | June 19, 2025 | Common stock | 0 | 0 | |
| Sum | 71,230,953 |
The total number of issuing shares on April 18, 2026: 169,514,700 shares.
Note:
1. The legal number of shareholding of the Company's all directors was 10,170,882 shares, as of April 18, 2026, the shareholding number was 71,230,953 shares.
2. Independent directors' shareholding shall not include in directors' shareholding number.
3. The Company established audit committee, legal shareholding number without supervisors shall not apply.