LASTER TECH

LASTER TECH CO., LTD.

Stock code: 3346

2025 ANNUAL REPORT

Republic of China:114

May 18, 2026 Printed

Taiwan Stock Exchange

Market Observation Post System (MOPS)

http://mops.twse.com.tw

The company's Website:

www.lastertech.com

I. Spokesperson & deputy spokesperson name, title, contact number and email

Spokesperson : Deputy Assistant Manager, Li Yun-Chen

Contact No. : (02)2222-6112

Email : [email protected]

Deputy Spokesperson : Chief, Feng Kuo-Chih

Contact No. : (02)2222-6112

Email : [email protected]

II. Addresses and telephone numbers of headquarters, branches, plants

Address of headquarters : 5F, No. 97, Zhongyuan Street, Zhonghe District, New Taipei City

Address of Taoyuan Guanyin Plant : No. 513, Sec. 1, Chenggong Road, Guanyin District, Taoyuan City

Telephone number : (02)2222-6112

Branch : None

III. Name, address, website and telephone number of stock transfer agency

Name : Yuanta Securities Co., Ltd. Stock Agency Department

Address : B1, No. 67, Section 2, Dunhua South Road, Da'an District, Taipei City

Website : http://www.yuanta.com.tw

Telephone number : (02)2586-5859

IV. Name of CPA certifying the latest annual financial statement and name, address, website and telephone number of the accounting firm

Names of CPAs : Chih-Yuan Chen, Yao-Lin Huang

Name of accounting firm : Deloitte Taiwan

Address : 20F, No. 100, Songren Road, Xinyi District, Taipei City

Website : http://www.deloitte.com.tw

Telephone number : (02)2725-9988

V. Name of the trading market for overseas listed securities and the method for accessing information on such overseas securities: Not applicable.

VI. Company website: http://www.lastertech.com

Laster Tech Co., Ltd.

Table of Contents of Annual Reports

Page

One. Letter to Shareholders... 1
I. 2025 Business Report... 1
II. Summary of the 2026 Business Plan... 2
III. Future company development strategy... 2
IV. Impacts from external competition, regulatory environment and overall business environment... 3

Two. Corporate Governance Report... 4
I. Directors, president, vice presidents, assistant vice presidents, and heads of departments and branches... 4
II. Remuneration Paid to Directors, President and Vice Presidents in the Most Recent Year... 15
III. State of operation of corporate governance... 21
IV. Information of the professional fees of the attesting CPAs... 75
V. Replacement of CPA... 76
VI. Any of the Company’s chairperson, general managers, or managers responsible for financial or accounting affairs has worked in the accounting firm of the CPA or its affiliates in the most recent year... 77
VII. Any transfer of equity interests and/or pledge of or change in equity interests by a director, supervisor, managerial officer, or shareholder with a stake of more than 10 percent in the most recent year and up to the date of publication of the annual report... 78
VIII. The top 10 shareholders who are spouses or relatives within the second degree of kinship... 79
IX. The number of shares held by the Company, its directors, supervisors, managers, and the companies directly or indirectly controlled by the Company in the same investee, and its consolidated shareholding ratio... 82

Three. Fundraising Status... 84
I. Company capital and shares... 84
II. Issuance of corporate bonds... 91
III. Disclosure of preferred shares... 93
IV. Issuance of overseas depository receipts... 93
V. Issuance of employee stock warrants... 93
VI. Issuance of restricted employee shares... 93
VII. Issuance of new shares for merger, acquisition or transfer of shares of other companies... 93
VIII. Implementation of capital utilization plan... 93

Four. Operational Overview ... 94
I. Description of the business ... 94
II. Analysis of the market as well as the production and marketing situation ... 108
III. Information of employees in the most recent 2 years and as of the publication date of this annual report ... 115
IV. Disbursements for environmental protection ... 115
V. Labor/Management Relations ... 116
VI. Cyber security management ... 120
VII. Important contracts ... 121

Five. Review and Analysis of Financial Position and Financial Performance, and Assessment of Risks ... 122
I. Financial Position ... 122
II. Financial performance ... 122
III. Cash flow ... 123
IV. Effect of major capital expenditures on financial operations in the most recent year ... 124
V. Re-investment policy in the most recent year, the main reason for profit or loss, improvement plan and investment plan for the coming year ... 124
VI. Analysis and assessment of risks in the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report ... 125
VII. Other important matters ... 131

Six. Special Disclosures ... 132
I. Information of affiliates ... 132
II. Private placement of securities during the most recent year and during the current year up to the date of publication of the annual report ... 137
III. Other supplementary information ... 137
IV. Matters that have a significant impact on shareholders' equity or securities prices: If any of the situations listed in Article 36, paragraph 3, subparagraph 2 of the Securities and Exchange Act, which might materially affect shareholders' equity or the price of the company's securities, has occurred in up to the date of publication of the annual report ... 137

One. Letter to Shareholders

Dear Shareholders:

In 2025, overall revenue and profitability declined compared with the previous year due to external factors such as U.S. tariff policies and price-cutting competition in China's automobile market. Despite short-term fluctuations in operations caused by external disruptions, the Company's management team still demonstrated a high degree of resilience and responded proactively in line with the principle of integrity. In the future, the Company will continue to increase the market penetration of LED automotive lighting module products and develop new products to add operating momentum, while adjusting the global supply chain deployment at any time to respond to operating risks arising from future changes in the industry and the overall economic environment.

The operating results for 2025 and the operating plan for 2026 are reported as follows:

I. 2025 Business Report

(I) Implementation results of business plan

Consolidated financial statements:

Item\Year	2025	2024	Increase (decrease) amount	Increase (decrease) ratio (%)
Operating revenue	8,542,795	9,338,397	(795,602)	(8.52)
Operating costs	7,642,230	8,039,967	(397,737)	(4.95)
Gross profit	900,565	1,298,430	(397,865)	(30.64)
Operating expenses	879,910	987,233	(107,323)	(10.87)
Other income	2,231	525	1,706	324.95
Net operating profit	22,886	311,722	(288,836)	(92.66)
Non-operating income and expenses	2,970	(9,255)	12,225	(132.09)
Net profit before tax	25,856	302,467	(276,611)	(91.45)
Income tax expense (gains)	12,682	31,110	(18,428)	(59.23)
Net profit for the year	13,174	271,357	(258,183)	(95.15)

(II) Financial income and expenditure

Consolidated financial statements:

Item\Year	2025	2024	Increase (decrease) amount
Net cash inflow (outflow) from operating activities	392,953	744,497	(351,544)
Net cash inflow (outflow) from	(1256,368)	(29,178)	(1,227,190)
operating activities

investing activities
Net cash inflow (outflow) from financing activities	110,985	412,244	(301,259)

(III) Research development

Develop lightweight LED automotive lighting modules with high energy density, and significantly improve the cruising range and luminous efficiency of new energy vehicles through optimization of heat dissipation structures.
Collaborate with major international automotive lighting manufacturers to develop smart LED headlights and provide highly integrated lighting systems for new energy vehicles in response to their low-energy-consumption requirements.
Strengthen the dynamic display functions of LED automotive lighting, such as welcome functions and sequential lighting functions.

II. Summary of the 2026 Business Plan

(I) Business policy

Strengthen the corporate governance structure and establish effective internal control and risk management mechanisms to protect shareholders' interests.
Invest more resources in R&D and accelerate the development cycle of new products to quickly respond to market changes and needs.
Increase the market share of automotive lighting products and strengthen the global supply chain layout.

(II) Important production and marketing policies

Marketing strategy

(1) Strategically select orders with high technical barriers and high gross margin structures to optimize the profitability of the overall order portfolio.
(2) Regularly conduct market surveys and competitive analysis to gain insight into market trends.
(3) Provide customized services to win customers' recognition and improve actual performance.

Production strategy

(1) Analyze customer order trends and demand forecasts, and adjust production plans in advance to ensure the effective use of production capacity.
(2) Formulate strict quality control standards and processes to improve production yield.
(3) Continue to introduce automated production processes and optimize existing equipment to improve production efficiency.

III. Future company development strategy

In the future, the Company will focus on LED automotive lighting as the foundation for stable development, continue to upgrade R&D technology, and use LED lighting as another important product to develop. All products are made with the core objective of energy saving and carbon reduction, to do our utmost for the environment.

IV. Impacts from external competition, regulatory environment and overall business environment

The supply chain in the automotive market is relatively closed, and the regulatory requirements are very strict, with long product design and verification test periods. Therefore, the threshold for entering this industry is higher than that of the general industry. The stability in obtaining orders is better than that of the general industry. The Company will continue to actively develop LED automotive-related products and expand market share to maintain a leading position in product quality and sales volume.

To conclude this report, I would like to express my gratitude to our shareholders for their support and to our colleagues for their hard work. In the future, we will do our utmost to maximize the profit for the Company.

I wish you

good health and all the best

Laster Tech Co., Ltd.

Chairman: Mei-Hsiu Liu
President: Mei-Hsiu Liu
Chief Accounting Officer: Yun-Chen Li

Two. Corporate Governance Report

I. Directors, president, vice presidents, assistant vice presidents, and heads of departments and branches

(I) Information of Directors and Supervisors

Information of directors:

March 31, 2026 Unit: shares; %

Title	Nationality or Place of Registration	Name	Gender & Age	Date of Election (Appointment)	Term of Office	Date of First Election	Shareholding at the Time of Election		Current Shareholding		Current Shareholding of Spouses and Minor Children		Shareholding in the Name of Others		Principal Work Experience and Academic Qualifications	Position(s) Held Concurrently in the Company/in Any Other Company	Other Supervisors, Directors or Supervisors Who Are Spouses, or Relatives Within the Second Degree of Kinship			Remark
							Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio			Title	Name	Relationship
Chairman (Note 1)	Republic of China	Mei-Hsiu Liu (Note 1)	Female 51-60 years old	2023.6.28	3 years	2002.12.06	4,527,512	4.24%	4,716,225	3.89%	-	-	-	-	Department of Public Administration, Tamkang University Vice President of Procurement, S.L.I Asia	President of Lester Tech Co., Ltd.; Chairman of Xiang Ze International Co., Ltd.; Chairman of Golden Sunflower Investment Co., Ltd.; Chairman of Laster International (Samoa) Co., Ltd.; Director of Laster Overseas (Samoa) Co., Ltd.; Chairman of Super Continental Ltd; Chairman of LASTER FOREVER (SAMOA) CO., LTD.; Chairman of Lester Tech (Dongguan) Co., Ltd.; Chairman of Laster Tech Automotive (Shanghai) Co., Ltd.; Chairman of Lester Tech (Shenzhen) Co., Ltd.; Chairman of Excitement Holding Co., Ltd.; Director and President of Laster Tech (Thailand) Co., Ltd.; Chairman of Happy Power Corp. Director of Sweeo Technology Co., Ltd.,	-	-	-	(Note 1)

Title	Nationality or Place of Registration	Name	Gender & Age	Date of Election (Appointment)	Term of Office	Date of First Election	Shareholding at the Time of Election		Current Shareholding		Current Shareholding of Spouses and Minor Children		Shareholding in the Name of Others		Principal Work Experience and Academic Qualifications	Position(s) Held Concurrently in the Company/in Any Other Company	Other Supervisors, Directors or Supervisors Who Are Spouses, or Relatives Within the Second Degree of Kinship
							Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio			Title	Name	Relationship
																Chairman of Laster.Tech.Automotive (America) Incorporated, Chairman of LASTER TECH AUTOMOTIVE MEXICO INC, S.A .DE C.V.
Director	Republic of China	Chun-Chi Wu	Male
70-80 years old	2023.6.28	3 years	2006.11.15	816,000	0.76%	885,429	0.73%	11,000	0.01%	-	-	National Beimen Senior High School Founder, TYC Brother Industrial Co., Ltd.	Director of TYC Brother Industrial Co, Ltd.; Chairman of Ti Fu Investment Co.; Chairman of Dubien Technology Co., Ltd.; Chairman of Kunshan TYC Automotive Components Co., Ltd.; Chairman of Qi Min Investment; Director of Juoku Technology Co., Ltd.; Supervisor ofMai-Huang Enterprise Co., Ltd.; Director of Guo Qi Min Investment; Chairman of Ti-Yuan Investment Co., Ltd.; Director of Shih Yuan Industrial Co., Ltd.; Chairman of Changzhou Tweixi Precision Mould Co., Ltd.	-	-	-
Director	Republic of China	Yu-Ling Lin	Female
60-70 years old	2023.6.28	3 years	2017.6.28	40,000	0.04%	40,067	0.03%	-	-	-	-	Department of Finance, National Taiwan University, Master of Accounting, The George Washington University, U.S.A., Deloitte's Accountant, Accounting Manager and	Director of Chicony Power Technology Co. Ltd. (Czech Republic), Representative Director of Sheng-Da Venture Capital Co., Ltd., Supervisor of Chicony Power Technology Co. Ltd. (Japan), Representative Director of WK Technology Fund IX Ltd., Representative Director of WK Technology Fund IX II Ltd., Representative Director of Maxima Capital	-	-	-

Title	Nationality or Place of Registration	Name	Gender & Age	Date of Election (Appointment)	Term of Office	Date of First Election	Shareholding at the Time of Election		Current Shareholding		Current Shareholding of Spouses and Minor Children		Shareholding in the Name of Others		Principal Work Experience and Academic Qualifications	Position(s) Held Concurrently in the Company/in Any Other Company	Other Supervisors, Directors or Supervisors Who Are Spouses, or Relatives Within the Second Degree of Kinship
							Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio			Title	Name	Relationship
															Division Chief of Chicony Electronics Co., Ltd.	Management No.2, Representative Director of Top Taiwan XII Venture Capital Co., Ltd., Representative Director of Top Taiwan Venture Capital Group, Representative Director of NTUT Star Venture Capital Co., Ltd, Representative Director of NTUT Star II Venture Capital Co., Ltd, Director of Chicony Electronics (Thailand) Co., Ltd., Independent Director of IBASE TECHNOLOGY INC. Director of Laster Tech Co., Ltd.
Director	Republic of China	Jung-Sheng Wu	Male
60-70 years old	2023.6.28	3 years	2006.11.15	400,000	0.33%	400,000	0.33%	-	-	-	-	Department of Business Administration, Feng Chia University American Express Vice President, Standard Chartered Bank	Independent Director, Remuneration Committee and Audit Committee Member, AimCore Technology Co., Ltd
Independent Director, Remuneration Committee and Audit Committee Member, I YUAN PRECISION INDUSTRIAL CO., LTD.	-	-	-
Director	Republic of China	Ti Fu Investment Co., Ltd.	None	2024.5.21	2 years	2024.5.21	2,245,070	1.95%	2,838,647	2.34%	-	-	-	-	-	-	-	-	-
Director Representative	Republic of China	Representative of Ti Fu Investment Co., Ltd.: Cheng-Min Chen	Male
60-70 years	2024.5.21	2 years	2013.6.26	-	-	714,308	0.59%	-	-	-	-	Chia Nan University of Pharmacy & Science Chairman, Yi-Chu Development Co., Ltd.	Chairman, Yi-Chu Development Co., Ltd.
Director, Li Zhuang Construction Development Co., Ltd.
Chairman, Ba-Yi-Jin Investment Co., Ltd.
Director, Her Century	-	-	-

Title	Nationality or Place of Registration	Name	Gender & Age	Date of Election (Appointment)	Term of Office	Date of First Election	Shareholding at the Time of Election		Current Shareholding		Current Shareholding of Spouses and Minor Children		Shareholding in the Name of Others		Position(s) Held Concurrently in the Company/in Any Other Company	Other Supervisors, Directors or Supervisors Who Are Spouses, or Relatives Within the Second Degree of Kinship
							Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio		Title	Name	Relationship
			old												International Ltd. Director, I Yuan Precision Industrial. Co., Ltd.
Independent Director	Republic of China	Yi Chou	Male
60-70 years old	2023.6.28	3 years	2019.6.28	-	-	-	-	-	-	-	-	Chih-Kuang Machinery Engineering Department
Director and President of Zhao-Neng Technology Co.,Ltd.
Everlight Electronics (Greater China) Co., Ltd.
Business Director	Independent Director, Member of the Remuneration Committee and Member of the Audit Committee of Laster Tech Co., Ltd.
Director and President of Zhao-Neng Technology Co.,Ltd.
Chairman of Zhao Neng International, Inc.	-	-	-
Independent Director	Republic of China	Han-Ching Lin	Male
50-60 years old	2023.6.28	3 years	2017.6.28	-	-	-	-	-	-	-	-	Osaka University, Japan PhD, Economics	Assistant Professor, Department of Marketing and Distribution Management, Chihlee University of Technology
Independent Director, Laster Tech Co., Ltd., Member of the Audit Committee	-	-	-
Independent Director	Republic of China	Kuei-Chen Wu	Female
60-70 years old	2023.6.28	3 years	2013.6.26	61	0 %	63	0 %	-	-	-	-	Department of Finance and Taxation, National Chung Hsing University	Independent Director of Laster Tech Co., Ltd., Member of the Audit Committee, Member of the Remuneration Committee
President, Nexia International Limited.
Independent Director, CoreTech Knowledge Inc.
Director, Athena Capital Investment Co., Ltd.
Independent directors and members of the Audit Committee	-	-	-

Title	Nationality or Place of Registration	Name	Gender & Age	Date of Election (Appointment)	Term of Office	Date of First Election	Shareholding at the Time of Election		Current Shareholding		Current Shareholding of Spouses and Minor Children		Shareholding in the Name of Others		Principal Work Experience and Academic Qualifications	Position(s) Held Concurrently in the Company/in Any Other Company	Other Supervisors, Directors or Supervisors Who Are Spouses, or Relatives Within the Second Degree of Kinship
							Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio			Title	Name	Relationship
																Member
Independent Director	Republic of China	Ching-Wen Hsu	Male 50-60 years old	2023.6.28	3 years	2023.6.28	14,000	0.01%	-	-	-	-	-	-	Department of Mechanical Engineering, National Taiwan University of Science and Technology President, Shun On Electronic Co., Ltd. President of Tongzhi Electronics (Kunshan) Special Assistant, Lite-On Technology Corp. Manager of Everlight Electronics Co., Ltd. Manager of ACES ELECTRONICS CO., LTD.	Independent director and member of Audit Committee, Laster Tech Co., Ltd. Director of CUBTEK INC. Vice President of CUB ELECPARTS INC. Director of CUBTEK INC. Chairman of 3S System Technology Inc.	-	-	-

Note 1: The Company is in a period of business growth. In an effort to increase decision-making efficiency to enhance business performance, the Chairman also serves as the President. An Audit Committee has been established to implement corporate governance.

Major Shareholders of Corporate Shareholders:

March 31, 2026

Name of Corporate Shareholder	Major shareholders of corporate shareholders
Ti Fu Investment Co., Ltd.	Tyc Brother Industrial Co, Ltd.(100%)

Major Shareholders of Corporate Shareholders That Are Juristic Persons:

March 31, 2026

Name of Corporate Shareholder	Major shareholders of corporate shareholders
Tyc Brother Industrial Co, Ltd.	Guo Qi Min Investment Co., Ltd. (21.28%), Yi-Heng Investment Co., Ltd. (16.11%), Ding Wan Investment & Development Co., Ltd. (3.36%), DA WEI INVESTMENT CO., LTD. (3.36%), Qi Min Investment Co., Ltd. (2.49%), Jun-Lang Wu (1.73%), Yuan Hong Investment Co., Ltd. (1.71%), Yi-Lang Wu (1.47%), Standard Chartered Bank (Taiwan) Limited, Business Department is entrusted with the custody of Advanced Starlight(0.44%), Yuanta Securities Co., Ltd. (0.42%)

Name of Corporate Shareholder

Major shareholders of corporate shareholders

Tyc Brother Industrial Co, Ltd.

Guo Qi Min Investment Co., Ltd. (21.28%), Yi-Heng Investment Co., Ltd. (16.11%), Ding Wan Investment & Development Co., Ltd. (3.36%), DA WEI INVESTMENT CO., LTD. (3.36%), Qi Min Investment Co., Ltd. (2.49%), Jun-Lang Wu (1.73%), Yuan Hong Investment Co., Ltd. (1.71%), Yi-Lang Wu (1.47%), Standard Chartered Bank (Taiwan) Limited, Business Department is entrusted with the custody of Advanced Starlight(0.44%), Yuanta Securities Co., Ltd. (0.42%)

Information disclosure of professional qualification of directors as well as the independence of independent directors:

March 31, 2026

Name/identity	Criteria	Professional qualifications and experience	State of independence	Number of other public companies in which the individual is concurrently serving as an independent director
Chairman Mei-Hsiu Liu		With 5 years of working experience in the field required for the Company's business; currently serving as the Chairman of Laster Tech Co., Ltd. Does not fall under any of the circumstances set forth in the subparagraphs of Article 30 of the Company Act	(4), (6), (8), (10) (11), (12)	None
Director Chun-Chi Wu		With 5 years of working experience in the field required for the Company's business, currently serving as the chairman of TYC Brother Industrial Co., Ltd.	(1), (4), (6), (7) (10), (11), (12)	None

	Does not fall under any of the circumstances set forth in the subparagraphs of Article 30 of the Company Act
Director Yu-Ling Lin	With 5 years of working experience in the field required for the Company's business; currently serving as the Senior Vice President of Financial Management Department of Chicony Electronics Does not fall under any of the circumstances set forth in the subparagraphs of Article 30 of the Company Act	(1), (2), (3), (4) (6), (7), (8), (9), (10), (11)	1
Director Jung-Sheng Wu	At least five years of work experience required for the company's business. Currently, he is an independent director and a member of the audit and remuneration committees of I Yuan Precision Industrial Co., Ltd. and other companies Does not fall under any of the circumstances set forth in the subparagraphs of Article 30 of the Company Act	(1), (2), (4), (5) (6), (7), (8), (9), (10), (11), (12)	2
Corporate representative Cheng-Min Chen of Ti Fu Investment Co., Ltd. (Note 2)	With 5 years of working experience in the field required for the Company's business; currently serving as a director of I Yuan Precision Industrial Co., Ltd. Does not fall under any of the circumstances set forth in the subparagraphs of Article 30 of the Company Act	(1), (2), (3), (4), (5) (6), (7), (8), (9), (10), (11), (12)	None
Independent Director Yi-Liang Chou	With 5 years of working experience in the field required for the Company's business; currently serving as a director of Zhao-Neng Technology Co., Ltd. Does not fall under any of the circumstances set forth in the subparagraphs of Article 30 of the	(1), (2), (3), (4), (5) (6), (7), (8), (9), (10), (11), (12)	None

	Company Act
Independent Director Han-Ching Lin	With 5 years of working experience in the field required for the Company's business; served as a lecturer in public or private financial accounting-related technology universities Currently serving as an assistant professor at Chihlee University of Technology Does not fall under any of the circumstances set forth in the subparagraphs of Article 30 of the Company Act	(1), (2), (3), (4), (5) (6), (7), (8), (9), (10), (11), (12)	None
Independent Director Kuei-Chen Wu	More than 5 years of work experience required by the company, currently serving as the director of Nexia International Limited. Does not fall under any of the circumstances set forth in the subparagraphs of Article 30 of the Company Act	(1), (2), (3), (4), (5) (6), (7), (8), (9), (10), (11), (12)	1
Independent Director Ching-Wen Hsu	At least five years of work experience required for the company's business. Currently, he is Vice President of Cub Elecparts Inc. Does not fall under any of the circumstances set forth in the subparagraphs of Article 30 of the Company Act	(1), (2), (3), (4), (5) (6), (7), (8), (9), (10), (11), (12)	None

Note 1: The state of independence of directors for the two years prior to and during their terms of office (those who met the criteria are disclosed in the table above).
(1) Not an employee of the Company or its affiliates.
(2) Not a director, supervisor of the Company or its affiliate (except holding the positions of independent directors of the Company who also act as independent directors of its parent company, subsidiary, or group company under the same parent company under the applicable laws and regulations of the local country).
(3) Not a natural-person shareholder who holds $1\%$ or more of the Company's issued shares in the name of the shareholder, his/her spouse, underage children, or someone else in shareholding, or ranks among the top 10 by shareholdings.
(4) Not a manager listed in (1) or a spouse, relative within the second degree of kinship, or direct blood relative within the third degree of kinship of the personnel listed in (2) or (3).
(5) A director who is not an institutional shareholder who directly holds $5\%$ or more of the total number of issued shares of the Company and ranks among the top five in shareholding or who designates a representative as a director or supervisor of the Company in accordance with Article 27, Paragraph 1 or 2 of the Company Act, supervisors or employees (not applicable to independent directors appointed by the Company and its parent company or subsidiary or a subsidiary of the same parent in accordance with the Act or the laws and regulations of the local country).
(6) Directors, supervisors, or employees of other companies not controlled by the same person with the number of directors and voting shares of the Company as the majority. This restriction does not apply to independent directors appointed by the Company in accordance with the Act or the laws and regulations of the local country.

(7) Not a director, supervisor, or employee of any other company or institution in which the chairman, President or equivalents of the company is the same person or spouse (however, this restriction does not apply to independent directors appointed in accordance with the Act or the laws and regulations of the local country by independent directors of a subsidiary or a subsidiary of the same parent).

(8) Not a director, supervisor, managerial officer, or shareholder holding more than 5% of the shares of any specified company or institution that has financial or business dealings with the Company. This restriction does not apply to the total amount of directors and supervisors (including independent directors appointed in accordance with the Act or the laws and regulations of the local country by the company and its parent company, subsidiary or subsidiary under the same parent).

(9) Non-professionals, sole proprietorships, partnerships, companies, or institutions that provide commercial, legal, financial, or accounting services to the Company or its affiliates, or to receive cumulative remuneration less than NTD500,000 in the most recent two years, including business owners, partners, directors, supervisors, managers and their spouses. However, this restriction does not apply to members of the Remuneration Committee, Public Tender Offer Review Committee, or Special Committee for Mergers and Acquisitions who perform their duties in accordance with the relevant laws and regulations of the Securities and Exchange Act or the Business Mergers and Acquisitions Act.

(10) Not being a spouse or a relative within the second degree of kinship to any other director.

(11) None of the conditions specified in Article 30 of the Company Act.

(12) Not elected as a government, corporate or its representative according to Article 27 of the Company Act.

Note 2: Director Cheng-Min Chen, the corporate representative of the institutional director, was newly appointed on May 21, 2024.

Directors' Diversity and Independence
There are 9 directors in the 9th board of directors of the Company. They are fully equipped with operational judgment, accounting and financial analysis, management, crisis management, industry knowledge, international market outlook, and leadership decision-making skills, and have professional qualifications and experience in the semiconductor industry.
Among the directors of the Company's 10th Term Board of Directors, all are nationals of the Republic of China. The current composition comprises 5 directors, accounting for 55.60%, and 4 independent directors, accounting for 44.40%. The age distribution of the directors is 3 directors aged 51-60, 5 directors aged 61-70, and 1 director aged 71-80. In addition, 3 directors are female.
The dimensions, complementarity and implementation of directors' diversity already include and exceed the standards specified in Article 20 of the Corporate Governance Best-Practice Principles. In the future, the diversity policy will continue to be amended in due course based on the operation of the Board of Directors, business model and development needs, including but not limited to the standards for the two major dimensions of basic conditions and values, and professional knowledge and skills, so as to ensure that the members of the Board of Directors generally possess the knowledge,

skills and qualities necessary to perform their duties.

(II) Information of the company's president, vice president, assistant President, and supervisors of the company's divisions and branchunits

March 31, 2026 Unit: shares

Title	Nationality	Name	Gender	Date of Election (Appointment)	Shareholding		Shareholding of Spouses and Minor Children		Shareholding in the Name of Others		Principal Work Experience and Academic Qualifications	Position(s) Held Concurrently in Any Other Company	In a Spousal Relationship or Familial Relationship Within the Second Degree of Kinship With a Manager			Remark
					Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio			Title	Name	Relationship
President (Note 1)	Republic of China	Mei-Hsiu Liu (Note 1)	Female	2002.12.06	4,716,225	3.89%	-	-	-	-	Department of Public Administration, Tamkang University; Vice President of Procurement, S.L.I Asia	President of Lester Tech Co., Ltd.; Chairman of Xiang Ze International Co., Ltd.; Chairman of Golden Sunflower Investment Co., Ltd.; Chairman of Laster International (Samoa) Co., Ltd.; Director of Laster Overseas (Samoa) Co., Ltd.; Chairman of Super Continental Ltd; Chairman of LASTER FOREVER (SAMOA) CO., LTD.; Chairman of Lester Tech (Dongguan) Co.,Ltd.; Chairman of Laster Tech Automotive (Shanghai) Co., Ltd.; Chairman of Lester Tech (Shenzhen) Co., Ltd.; Chairman of Excitement Holding Co., Ltd.; Director and President of Laster Tech (Thailand) Co., Ltd.; Chairman of Happy Power Corp.; Director of Sweeo Technology Co., Ltd., Chairman of Laster.Tech.Automotive (America) Incorporated, Chairman of LASTERTECH AUTOMOTIVEMEXICO INC, S.A.DE C.V.	-	-	-	Note 1

Deputy Assistant Manager, Automotive Business Division	Republic of China	Hsu Yung-Yi	Male	2009.04.04	117,640	0.10%	536,788	0.44%	-	-	Department of Mechanical Engineering, National Taiwan University; Deputy Director of R&D Division, Laster Tech Co., Ltd.	Chief Operating Officer, Laster Tech Automotive (Shanghai) Co., Ltd., Director and Chief Operating Officer, Laster Tech Electronics (Dongguan) Co., Ltd.	-	-	-
Deputy Assistant Manager, Finance Division	Republic of China	Li Yun-Chen	Male	2009.07.01	58,304	0.05%	-	-	-	-	Department of Accounting, Tamkang University; PwC Taiwan	Director, Laster Tech Electronics (Dongguan) Co., Ltd., Supervisor, Li San (Shanghai) International Trade Ltd., Supervisor, Laster Tech Automotive (Shanghai) Co., Ltd.	-	-	-

II. Remuneration paid to directors, president, and vice presidents in the most recent year

(I) Remuneration of general directors and independent directors

Unit: NTD thousand

Title	Name	Remuneration to Directors	Total sum of A, B, C and D and their proportion to net income (%)	Remuneration received as company part-time employee	Total sum of A, B, C, D, E, F and G, and their proportion to net income (%)	Remuneration received from investees other than subsidiaries or parent company
Remuneration (A)	Pension (B)	Remuneration to director (C)	Expenses for services rendered (D)	Salaries, bonuses and special allowances (E)	Pension (F)	Remuneration to employees (G)
The Company	All companies included in the financial report	The Company	All companies included in the financial report	The Company	All companies included in the financial report	The Company
Chairman	Mei-Hsiu Liu	2,400	2,400	-	-	52
Director	Chun-Chi Wu	-	-	-	-	52
Yu-Ling Lin	-	-	-	-	52	52

	Jung-Sheng Wu	-	-	-	-	52	52	50	50	102 0.78%	102 0.78%	-	-	-	-	-	-	-	-	102 0.78%	102 0.78%	-
	Corporate representative of Ti Fu Investment Co., Ltd.: Cheng-Min Chen	-	-	-	-	52	52	50	50	102 0.78%	102 0.78%	-	-	-	-	-	-	-	-	102 0.78%	102 0.78%	-
Independent Director	Yi-Liang Chou	-	-	-	-	52	52	52	52	104 0.79%	104 0.79%	-	-	-	-	-	-	-	-	104 0.79%	104 0.79%	-
	Han-Ching Lin	-	-	-	-	52	52	52	52	104 0.79%	104 0.79%	-	-	-	-	-	-	-	-	104 0.79%	104 0.79%	-
	Kuei-Chen Wu	-	-	-	-	52	52	52	52	104 0.79%	104 0.79%	-	-	-	-	-	-	-	-	104 0.79%	104 0.79%	-
	Ching-Wen Hsu	-	-	-	-	52	52	52	52	104 0.79%	104 0.79%	-	-	-	-	-	-	-	-	104 0.79%	104 0.79%	-
	1. Please provide in detail the policy, system, standards and structure of remuneration to independent directors, and describe the relevance to the amount of remuneration according to the responsibilities, risks, time invested and other factors:The remuneration of the Company's independent directors is determined in accordance with the remuneration for directors as prescribed in the Company's Articles of Incorporation and authorized to the Board of Directors to determine based on their degree of partic in the Company's operations and value of contribution, with reference to the standards of industry peers.2. In addition to the disclosure in the table above, in the most recent fiscal year, remuneration received by the Company's directors for providing services to all companies in the financial reports (such as serving as a consultant not as an employee): None.3. The individual remuneration of directors is based on the actual proportion of last year's remuneration, the amount to be distributed this year

Range of Remuneration Table

Range of remuneration paid to each director	Name of director
	Total remuneration (A+B+C+D)		Total remuneration for the preceding seven items (A+B+C+D+E+F+G)
	The Company	All companies included	The Company	All companies

		in the financial report		included in the financial report
Below NTD1,000,000	General directors: Chun-Chi Wu, Yu-Ling Lin, Jung-Sheng Wu, corporate representative of Ti Fu Investment Co Investment Co., Ltd.: Cheng-Min Chen Independent Director: Yi-Liang Chou, Han-Ching Lin, Kuei-Chen Wu, Ching-Wen Hsu	General directors: Chun-Chi Wu, Yu-Ling Lin, Jung-Sheng Wu, corporate representative of Ti Fu Investment Co Investment Co., Ltd.: Cheng-Min Chen Independent Director: Yi-Liang Chou, Han-Ching Lin, Kuei-Chen Wu, Ching-Wen Hsu	General directors: Chun-Chi Wu, Yu-Ling Lin, Jung-Sheng Wu, corporate representative of Ti Fu Investment Co Investment Co., Ltd.: Cheng-Min Chen Independent Director: Yi-Liang Chou, Han-Ching Lin, Kuei-Chen Wu, Ching-Wen Hsu	General directors: Chun-Chi Wu, Yu-Ling Lin, Jung-Sheng Wu, corporate representative of Ti Fu Investment Co Investment Co., Ltd.: Cheng-Min Chen Independent Director: Yi-Liang Chou, Han-Ching Lin, Kuei-Chen Wu, Ching-Wen Hsu
NTD1,000,000 (inclusive) to NTD2,000,000 (exclusive)
NTD 2,000,000 (inclusive) to NTD 3,500,000 (exclusive)	Mei-Hsiu Liu	Mei-Hsiu Liu
NTD 3,500,000 (inclusive) to NTD 5,000,000 (exclusive)
NTD 5,000,000 (inclusive) to NTD 10,000,000 (exclusive)			Mei-Hsiu Liu	Mei-Hsiu Liu
NTD 10,000,000 (inclusive) to NTD 15,000,000 (exclusive)
NTD 15,000,000 (inclusive) to NTD 30,000,000 (exclusive)
NTD 30,000,000 (inclusive) to NTD 50,000,000 (exclusive)
NTD 50,000,000 (inclusive) to NTD 100,000,000 (exclusive)
NTD 100,000,000 or more

Total	9 persons	9 persons	9 persons	9 persons

(II) Remuneration of President and Vice President
Unit: NTD thousand

Title	Name	Salary (A)		Pension (B)		Bonuses and special allowances (C)		Remuneration to employees (D)				Total sum of A, B, C and D and their proportion to net income (%)		Remuneration received from investees other than subsidiaries or parent company
		The Company	All companies included in the financial report	The Company	All companies included in the financial report	The Company	All companies included in the financial report	The Company		All companies included in the financial report		The Company	All companies included in the financial report
								Amount in cash	Amount in stock	Amount in cash	Amount in stock
President	Mei-Hsiu Liu	6,696	6,956	-	-	500	500	-	-	-	-	7,196	7,456	-

Range of Remuneration Table

Remuneration range of remuneration paid to each of the Company’s President and Vice President	Name of President and Vice President
	The Company	All companies included in the
Below NTD1,000,000	-	-
NTD1,000,000 (inclusive) to NTD2,000,000	-	-
NTD 2,000,000 (inclusive) to NTD 3,500,000	-	-
NTD 3,500,000 (inclusive) to NTD 5,000,000	-	-
NTD 5,000,000 (inclusive) to NTD 10,000,000	Mei-Hsiu Liu	Mei-Hsiu Liu
NTD 10,000,000 (inclusive) to NTD 15,000,000	-	-
NTD 15,000,000 (inclusive) to NTD 30,000,000	-	-
NTD 30,000,000 (inclusive) to NTD 50,000,000	-	-

NTD 50,000,000 (inclusive) to NTD 100,000,000	-	-
NTD 100,000,000 or more	-	-
Total	1 persons	1 persons

(III) Remuneration of the top five managers with the highest remuneration
December 31, 2025; Unit: NTD thousand

Title	Name	Salary (A)		Pension (B)		Bonuses and allowances (C)		Employees' remuneration (D)				The sum of A, B, C, and D as a percentage of net income after tax (%)		Remuneration received from investees other than subsidiaries or parent company
		The Company	All companies included in the financial report	The Company	All companies included in the financial report	The Company	All companies included in the financial report	The Company		All companies included in the financial report		The Company	All companies included in the financial report
								Cash amount	Amount of shares	Cash amount	Amount of shares
Chairman concurrently serves as the president	Mei-Hsiu Liu	6,696	6,955	-	-	500	500	-	-	-	-	7,196 54.62%	7,455 56.59%	-
Deputy Assistant Manager	Yung-Yi Hsu	3,663	4,779	-	-	1,572	2,021	-	-	-	-	5,235 39.74%	6,800 51.62%	-
Director	Wei-Zheng Chen	2,555	2,658	-	-	1,596	1,602	-	-	-	-	4,151 31.51%	4,260 32.34%	-
Deputy Assistant Manager	Yun-Chen Li	2,522	2,522	-	-	622	622	-	-	-	-	3,144 23.87%	3,144 23.87%	-
Manager	Wen-Hsuan Tsai	1,952	2,316	-	-	693	693	-	-	-	-	2,645 20.08%	3,009 22.84%	-

Note: The concept of remuneration disclosed in this table is different from that of income tax law. Therefore, this table is provided for information disclosure and not for tax purpose.

(IV) Names of managers responsible for employees' remuneration and distribution

December 31, 2025; Unit: NTD thousand

Title	Name	Amount in stock	Amount in cash	Total	Amount total in proportion to net income (%)
President	Mei-Hsiu Liu	-	-	-	-
Deputy Assistant Manager	Yung-Yi Hsu
Deputy Assistant Manager	Yun-Chen Li

(V) Analysis and description of the ratio of the total remuneration paid by the Company and all companies included in the consolidated financial statements to the Company's directors, President, Vice President and others in the most recent 2 fiscal years to net income after tax in the Parent Company Only Financial Statements or individual financial reports, and the remuneration policy, standards and composition, procedures for determining remuneration, and relevance to operating performance and future risks

Remuneration as a percentage of net income stated during the past 2 fiscal years to directors, president, and vice president

Item	Ratio of total remuneration for 2024 to net income after tax (%)		Ratio of total remuneration for 2025 to net income after tax (%)
	The Company	All companies included in the consolidated statements	The Company	All companies included in the consolidated statements
Director	2.41	2.41	29.28	29.28
President	3.64	4.15	54.62	56.60

Remuneration policies, standards, and packages, the procedure for determining:

(1) Remuneration policies, standards, and packages, the procedure for determining

A. Directors

The Company's remuneration to directors includes directors' remuneration and emoluments. Remuneration is paid in accordance with the Articles of Incorporation, not more than 3% of the profits, if any, shall be allocated as remuneration to directors. In accordance with the Company's "Board of Directors' Performance Evaluation Regulations", the remuneration ratio for directors is calculated based on the extent of

their participation in the Company's operations and personal performance contributions, and reasonable remuneration is provided for the items evaluated in the Regulations, and the system of directors' remuneration is reviewed from time to time in accordance with actual operating conditions and relevant laws and regulations. Remuneration to the directors takes into account the Company's competitive environment, operational risks and duties performed by the directors as well as the risks they borne. The remuneration proposal is submitted to the Remuneration Committee for approval followed by a resolution of the Board of Directors.

B. Presidents, vice presidents and managers

The remuneration of the President, vice president and managers includes salaries, bonuses, remuneration to employees and retirement benefits in accordance with the regulations. The manager's salary is determined based on the position held, academic experience and responsibilities assumed, and with reference to the industry standard for the same occupation; bonuses and remuneration to employees are determined based on the achievement of each manager's performance indicators, including financial indicators (such as the Company's annual operating revenue and profitability achievement rate) and non-financial indicators (such as personal performance, personnel management performance and other special contributions or significant negative events). The amount recommended by the Remuneration Committee will be considered and approved by the Board of Directors for payment.

(2) Linkage to operating performance and future risk exposure

Reasonable remuneration is paid by taking into account the Company's overall operating performance, the achievement rate of the individual's performance as well as the degree of their contribution to the Company's performance. In addition, to reduce future operational risks, we timely review the remuneration system according to the actual business situation and relevant regulations. In doing so, we strike a balance between the Company's sustainable management and risk control. In summary, policies for remuneration to the directors and president as well as the procedure of determining remuneration have positive linkage to the operating performance.

III. State of operation of corporate governance

(I) Operations of the Board of Directors

During the most recent year (2025), the Board of Directors convened a total of 5 meetings

[A]. The attendance of directors is as follows:

Title	Name	Actual attendance (B)	Attendance by proxy	Actual attendance rate (%)(B/A)	Remark
Chairman	Mei-Hsiu Liu	5	0	100%
Director	Chun-Chi Wu	5	0	100%
Director	Yu-Ling Lin	5	0	100%
Director	Jung-Sheng Wu	5	0	100%
Director	Representative of Ti Fu Investment Co., Ltd.: Chen Cheng-Min	4	1	80%
Independent Director	Yi-Liang Chou	5	0	100%
Independent Director	Han-Ching Lin	4	0	80%
Independent Director	Kuei-Chen Wu	5	0	100%
Independent Director	Ching-Wen Hsu	5	0	100%
Other information required: I. If any of the following applies to the Board in operation, specify the date, the session, content of the motions, opinions of the Independent Directors, and the response of the Company to these opinions: (I) Matters listed in Article 14-3 of the Securities and Exchange Act: Please refer to pages 51 to 54 for the important resolutions of the Board of Directors, opinions of independent directors, and the Company's handling of opinions of independent directors in the most recent year up to the date of printing of the annual report. (II) In addition to the aforementioned matters, other matters resolved by the Board of Directors to which independent directors expressed opposition or reservations with records or written statements: None. Please refer to pages 51 to 54 for the important resolutions of the Board of Directors, opinions of independent directors, and the Company's handling of opinions of independent directors in the most recent year up to the date of printing of the annual report. II. Recusal of the directors from motions involving their interest, specify the names of the directors, the content of the motions, the reason for recusal, and the participation in voting: 1. 8th meeting of the 10th Term Board of Directors: Proposal for the Company's remuneration system and remuneration items for directors and managers for 2025, Chairman Mei-Hsiu Liu, Director Chun-Chi Wu, and Associate Vice President Yun-Chen Li recused themselves and left the meeting in accordance with the conflict-of-interest recusal requirements under Article 15 of the Rules of Procedure for Board of Directors Meetings, and did not participate in the discussion and resolution of this motion. All directors present (excluding the aforementioned 2 directors subject to conflict-of-interest recusal) Approved the proposal in accordance with the proposal recommended by the Remuneration Committee. III. Evaluation cycle, evaluation period, evaluation scope, evaluation method and evaluation content of the Board's self (or peer) evaluation:
Evaluation cycle	Evaluation period	Evaluation scope	Evaluation method	Evaluation content
At least once a year	January 1, 2025 to December 31, 2025	Performance evaluation of the Board of Directors as a	Internal self-evaluation of the Board, self-evaluation of the	1. Performance evaluation of the Board of Directors: (1) Participation in
		Deducting of the Board's own funds, (2) The Board's own funds, (3) The Board's own funds, and (4) The Board's own funds.	Board of Directors' own funds, (5) The Board's own funds, and (6) The Board's own funds.	Board of Directors' own funds, (7) The Board's own funds, and (8) The Board's own funds.	Board of Directors' own funds.

| | | whole, individual directors, each functional committee, the Audit Committee, and the Remuneration Committee. | Board members. | the operation of the Company
(2) Quality of the Board of Directors' decision making
(3) Composition and structure of the Board of Director
(4) Election and continuing education of the directors
(5) Internal control
2. Performance evaluation of individual Board members:
(1) Alignment of the goals and missions of the company
(2) Awareness of the duties of a director
(3) Participation in the operation of the Company
(4) Management of internal relationship and communication
(5) The director's professionalism and continuing education
(6) Internal control
3. Performance evaluation of the functional committee:
(1) Participation in the operation of the Company
(2) Awareness of the duties of the functional committee
(3) Improvement of quality of decisions made by the functional committee
(4) Composition and structure of the functional committee |
| --- | --- | --- | --- | --- |

IV. Objectives to strengthen the functions of the Board of Directors in the current year and the most recent year (e.g. setting up an audit committee, improving information transparency, etc.), and evaluation of their implementation:

(I) The content and procedures of meetings of the Board of Directors and the principles of self-discipline of directors were all implemented in accordance with the Rules of Procedure for Board of Directors Meetings in 2025 and up to March 13, 2026.

(II) Strengthening the functions of the Board of Directors: The Company reelected the fifth Remuneration Committee on August 8, 2023, and the Remuneration Committee

complied with "Regulations Governing the Appointment and Exercise of Power by Remuneration Committee of Public Companies" and "Remuneration Committee Charter" to evaluate the remuneration policies and systems of directors and managers in a professional and objective manner, and to make recommendations to the Board of Directors, as a reference for the Board of Directors to implement decision-making.

(III) Implementation evaluation: The Company has appointed a designated person to be responsible for the monthly disclosure of revenue and material information and to enter into Market Observation Post System for announcement according to the regulations.

V. Implementation of the diversity policy of each Board member:

| Core diversity item
Name of director | Nationality | Gender | Age range | Ability to make operational judgments | Ability to perform accounting and financial analysis | Knowledge of the industry | Ability to conduct crisis management | An international market perspective | Ability to make decisions |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Mei-Hsiu Liu | Republic of China | Female | 50-60 | V | | V | V | V | V |
| Chun-Chi Wu | Republic of China | Male | 70-80 | V | | V | V | V | V |
| Yu-Ling Lin | Republic of China | Female | 60-70 | V | V | V | V | V | V |
| Jung-Sheng Wu | Republic of China | Male | 60-70 | V | | V | V | V | V |
| Representative of Ti Fu Investment Co., Ltd.: Chen Cheng-Min | Republic of China | Male | 60-70 | V | | V | V | V | V |
| Yi-Liang Chou | Republic of China | Male | 60-70 | V | | V | V | V | V |
| Han-Ching Lin | Republic of China | Male | 50-60 | V | V | V | V | V | V |
| Kuei-Chen Wu | Republic of China | Female | 60-70 | V | V | V | V | V | V |
| Ching-Wen Hsu | Republic of China | Male | 50-60 | V | | V | V | V | V |

Note 1:
The Company currently has a total of 9 board members, including 4 independent directors, with professional expertise covering finance and accounting, electronics and electrical engineering, etc. There are 3 female directors among the members of the Board of Directors. The Company has always paid attention to gender equality among board members. At present, the proportion of female directors has reached 33.3% of all directors, and the future target proportion of female directors is more than 50%. The other 4 independent directors are Mr. Chou Yi-liang, Lin Han-Ching, Wu Guei-Jen, and Mr. Hsu Ching-Wen, who are professionals in business management, financial economics, and experienced in the industry. In addition to relying on the directors' professionalism in various fields, the independent directors can ensure objectivity and independence in the operation of deliberations. On par with the Company's business development, our objective is to have "independent directors with industrial background or academic and professional experience on the Board of Directors".

(II) State of the Audit Committee

The focus of the Audit Committee's annual work is:

(1) Establishment or amendment of the internal control system
(2) Evaluation of the effectiveness of the internal control system
(3) Establishing or amending the procedures for handling major financial business activities such as acquisition or disposal of assets, engaging in derivatives trading, loaning of funds to others, making endorsements or providing guarantees for others
(4) Review of matters concerning directors' personal interests
(5) Review of material transactions of assets or derivatives, material loans of funds, endorsements or guarantees
(6) Appointment, dismissal or remuneration of CPAs
(7) Review of quarterly financial reports
(8) Regularly communicate with the internal audit supervisor and CPAs on the Company's major financial and business matters

The Audit Committee held a total of 5 meetings in the most recent year (2025) [A], and the attendance of independent directors is as follows:

Title	Name	Actual attendance rate "B"	Attendance by proxy	Actual attendance rate (%) (B/A) (Note)	Remark
Independent Director	Yi-Liang Chou	5	0	100
Independent Director	Han-Ching Lin	4	0	80
Independent Director	Kuei-Chen Wu	5	0	100
Independent Director	Ching-Wen Hsu	5	0	100
Other information required: I. In the event of any of the following circumstances in the operation of the Audit Committee, state the date and session of the Board of Directors' meeting, details of the motions, dissenting opinions, qualified opinions, or material recommendations of the independent directors, the Audit Committee's resolution, and the Company's comments on the Audit Committee's opinions. (I) Matters listed in Article 14-5 of the Securities and Exchange Act:
Term of the Board and date of the meeting	Content		Resolution adopted by the Committee	Matters that have not been passed by the Audit	How the Company responded to the opinions

			Committee, but have been adopted with the approval of two-thirds or more of all board directors	of the Audit Committee
8th meeting of the 10th Term 2025/03/12	If the accounts receivable or other receivables of Laster Tech Co., Ltd. to subsidiaries or between subsidiaries have exceeded a certain number of days under the collection policy (9 months), they shall be deemed a loan of funds.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Adoption of 2024 business report, financial statements, and consolidated financial statements.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Proposal for distribution of employee remuneration and director remuneration for 2024.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Adoption of 2024 earnings distribution proposal.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Proposal for amendment to certain provisions of the Company's “Articles of Incorporation”	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Proposal for amendment to the Company's “Internal Control System” and “Internal Audit System”	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of	Not applicable	The motion was passed without objections by all attending directors.

		Directors.
	The Company's proposal for the definition of entry-level employees.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	The Company issued a "Statement of Internal Control System".	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Amendments to certain provisions of the Company's "Corporate Governance Best-Practice Principles".	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Proposal for partial amendments to the "Audit Committee Organizational Charter".	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	The Company's application for endorsement/guarantee for the Company's great-grandchild company Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as "Laster Tech Shanghai").	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Application for endorsement/guarantee for the Company's sub-subsidiary, Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as "Laster Dongguan").	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
10th Term, 9th meeting 2025/04/09	The Company's proposed buyback of treasury shares.	The motion was passed without objections after the chair consulted with all	Not applicable	The motion was passed without objections by all

		attending members, and was submitted to the Board of Directors.		attending directors.
10th Term, 10th meeting 2025/05/09	The Company's 2025 Q1 Consolidated Financial Statements.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	The sub-subsidiary Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as Laster Dongguan) applied for endorsements and guarantees to the sub-subsidiary Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as Laster Shanghai).	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Endorsement/guarantee application from the Company's sub-subsidiary, Laster Tech Automotive (Shanghai) Co., Ltd. ("Laster Tech Shanghai") to the Company's sub-subsidiary, Laster Tech Electronics (Dongguan) Co., Ltd. ("Laster Dongguan").	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Proposal to authorize the Board of Directors to appoint the director responsible for audit business management and report approval.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Proposal for partial amendments to the Company's "2025 1st Regulations Governing the Repurchase and Transfer of Shares to Employees".	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Proposal for capital change registration in Q1 2025 following the conversion of the Company's 4th, 5th and 6th domestic unsecured convertible corporate bonds into ordinary shares.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
10th Term, 11th meeting 2025/08/08	The Company's 2025 Q2 Consolidated Financial Statements.	The motion was passed without objections after the chair consulted with all attending members, and was	Not applicable	The motion was passed without objections by all attending

	submitted to the Board of Directors.		directors.
Changes of chief internal auditor	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
The Company's application for loans of funds to the Company's great-grandchild company LASTER FOREVER (SAMOA) CO., LTD.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
The application for loans of funds by the Company's great-grandchild company Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as "Laster Tech Shanghai") to the Company's great-grandchild company Li-San (Shanghai) International Trading Co., Ltd. (hereinafter referred to as "Li-San Shanghai").	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
The sub-subsidiary Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as Laster Dongguan) applied for endorsements and guarantees to the sub-subsidiary Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as Laster Shanghai).	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
To repay existing borrowings, replenish medium-term material procurement and working capital and equity investment funds, the Company proposes to apply to a syndicated bank led by First Commercial Bank Co., Ltd. and Hua Nan Commercial Bank, Ltd. for a 5-year syndicated credit facility with a total credit line of no more than NTD 2.5 billion.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
The Company's proposed capital increase for its subsidiaries in the United States and Mexico.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
Proposal for establishing the Company's "Procedures for Repurchasing Treasury Shares"	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the	Not applicable	The motion was passed without objections by all attending directors.

		Board of Directors.
10th Term, 12th meeting 2026/11/07	The Company's CPA fees for 2025.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	The Company's 2025 Q3 Consolidated Financial Statements.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Proposal for establishing the Company's 2026 audit plan.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	The sub-subsidiary Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as Laster Dongguan) applied for a loan of funds to the sub-subsidiary Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as Laster Shanghai).	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	The Company's application for loans of funds to its subsidiary Windlux International Co., Ltd. (hereinafter referred to as "Windlux International").	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Application for a downward revision of the endorsement/guarantee amount provided by the Company's great-grandchild company Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as "Laster Dongguan") to the Company's great-grandchild company Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as "Laster Tech Shanghai").	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
	Application for endorsement/guarantee for the Company's sub-subsidiary, Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as "Laster Dongguan").	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the	Not applicable	The motion was passed without objections by all attending directors.

	Board of Directors.
The Company's application for loans of funds to its Thai great-grandchild company Laster Tech (Thailand) Co., Ltd.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
Proposal for a capital increase in Laster Tech (Thailand) Co., Ltd. through the Company's overseas subsidiary.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
Amendments to the "Procedures for the Acquisition and Disposal of Assets" section of the Company.	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.
Proposal for partial amendments to the "Sustainable Development Best Practice Principles"	The motion was passed without objections after the chair consulted with all attending members, and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections by all attending directors.

(III) Except for the preceding matters, any matter that has not been passed by the Audit Committee, but has been adopted with the approval of two-thirds or more of all board directors: None.

II. Implementation of recusal by independent directors for motions involving interests, including the name of the independent director, motion content, reasons for required recusal due to interests, and voting participation: None.

III. Communication between independent directors, chief internal auditor, and CPAs (including major issues, methods, and results of communication on the Company's financial and business status):

(I) There are direct channels for independent directors to communicate well with the internal audit officer and CPAs.

(II) In addition to the audit supervisor, the Company also invites CPAs and relevant supervisors to attend the meetings of the Audit Committee on a regular basis.

(III) The internal audit supervisor submits the audit summary report to the Audit Committee according to the annual audit plan.
(IV) The Company communicates with the accountants on a quarterly basis regarding the audit or review results of the financial statements for the current quarter and other requirements under relevant laws and regulations, and its communication with the accountants has been good.
(V) The communication between the independent directors, the head of internal audit, and the accountants in 2025 is as follows:

Date	Communication Method	Communication Matters	Communication Results
External communication (accountants and the Audit Committee)
November 07, 2025	Audit Committee and pre-meeting	Explanation and discussion of the Consolidated Financial Statements for the first three quarters of 2025	The Independent Directors have no objection to the CPA's explanation
March 12, 2025	Audit Committee and pre-meeting	Explanation and discussion of the 2024 Financial Report	The Independent Directors have no objection to the CPA's explanation
Internal communication (summary of communication between independent directors and the head of internal audit)
November 07, 2025	Audit Committee	(1) Audit implementation report for August to October 2025
(2) Monthly audit reports completed in accordance with the audit plan will be delivered to each Independent Director for review via email or in person by the end of the following month.	The Independent Directors have no objection to the audit implementation report
August 08, 2025	Audit Committee	(1) Audit implementation report for May to July 2025
(2) Monthly audit reports completed in accordance with the audit plan will be delivered to each Independent Director for review via email or in person by the end of the	The Independent Directors have no objection to the audit implementation report

		following month.
May 09, 2025	Audit Committee	(1) Audit implementation report for February to April 2025
(2) Monthly audit reports completed in accordance with the audit plan will be delivered to each Independent Director for review via email or in person by the end of the following month.	The Independent Directors have no objection to the audit implementation report
March 12, 2024	Audit Committee	(1) Audit implementation report for November 2024 to January 2025
(2) Monthly audit reports completed in accordance with the audit plan will be delivered to each Independent Director for review via email or in person by the end of the following month.	The Independent Directors have no objection to the audit implementation report

(III) State of corporate governance operations and any difference from the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and the reasons for such difference

Evaluation Item	The State (Note 1)			Difference from the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and the reasons for such difference
	Yes	No	Summary
I. Has the Company established and disclosed its corporate governance best-practice principles in accordance with the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies?	V		The Company has established its Corporate Governance Best Practice Principles in accordance with the “Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies”. The Company follows the spirit of the regulations, strengthens the internal control system, and enhances information transparency to protect the rights and interests of shareholders and stakeholders.	In essence, the Company’s rules of corporate governance are not materially different from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.
II. The Company's shareholding structure and shareholders' equity
(I) Has the company established internal operating procedures for handling shareholders' suggestions, inquiries, disputes, and litigation matters, and implemented them accordingly?
(II) Does the company maintain a list of the major shareholders that actually control the company and the ultimate controllers of such major shareholders?
(III) Has the company established and implemented risk control and firewall mechanisms with related enterprises?	V
V
V		(I) In addition to appointing the shareholder services agent of Yuanta Securities to handle the relevant operations, the Company has also designated a spokesperson, an acting spokesperson, and personnel dedicated to shareholder services to handle shareholders' suggestions and related matters by the relevant units.
(II) The Company keeps track of major shareholders and their ultimate controllers based on the shareholder register provided by the shareholder services agent, and files regular monthly reports on changes in the shareholdings of directors and managers.
(III) The Company's internal controls cover enterprise-level risk management and firewall mechanisms. In addition, in accordance with the FSC's “Regulations Governing Establishment of Internal Control Systems by Public Companies”, it has established the “Regulations Governing the Supervision of	No significant difference from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.

Evaluation Item	The State (Note 1)			Difference from the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and the reasons for such difference
	Yes	No	Summary
(IV) Has the company established internal regulations prohibiting insiders from trading securities by using non-public information in the market?	V		Subsidiaries” and follows the Company's internal control system.

(IV) The Company has established a “Code of Ethical Conduct” and “Procedures for Handling Material Inside Information” to strictly prohibit insiders from engaging in improper transactions by using non-public information. The Company provides ethics advocacy and education training to directors and employees from time to time each year. For new employees, education training on personnel rules, management systems, business ethics standards, insider trading prevention, and other corporate social responsibility-related topics is provided on the 1st day of employment. The status of insider trading prevention implementation in 2025 is as follows:
1. Remind directors that they may not trade their shares during the closed period of 30 days before the announcement of the annual financial report and 15 days before the announcement of each quarterly financial report.
2. No insider trading violations occurred during the year. | |
| III. Composition and duties of the Board of Directors (I) Has the Board of Directors formulated a diversity policy, specific management objectives, and implemented them? | V | | (I) In accordance with Article 20 of the Company's "Code of Corporate Governance Practices," in addition to the basic criteria of gender, age, nationality and culture, all members of the Board of Directors must possess the knowledge, ability and quality necessary to perform | (I) There was no significant deviation from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed |

Evaluation Item	The State (Note 1)			Difference from the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and the reasons for such difference
	Yes	No	Summary
(II) In addition to establishing the Remuneration Committee and the Audit Committee in accordance with the law, has the company voluntarily established any other functional committees?	V	V	their duties.
(II) The Company currently has established the Remuneration Committee and the Audit Committee. Other various functional committees, other functional committees will be established in the future according to the actual needs of the Company.
(III) The Company has established the Regulations Governing the Performance Evaluation of the Board of Directors and its evaluation method, and uses the results of directors' performance evaluations as a reference basis for determining their individual remuneration; the Company conducts regular annual performance evaluations in accordance with regulations, and submits the results of the performance evaluation of the Board of Directors before the end of Q1 of the following year as an important reference basis for the selection or nomination of directors. This 2025 evaluation was handled by the Finance Department, and the results were submitted to the 13th meeting of the 10th Board of Directors on March 13, 2026. All performance evaluation results were excellent. Please refer to P.24 for details.	Companies.
(II) Not yet fully complied with.
(III) No significant difference from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.
(III) Has the company established Regulations Governing the Board Performance Evaluation and its evaluation methods, and does the company conduct a performance evaluation each year, submit the performance evaluation results to the board of directors and use them as reference in determining remuneration for individual directors, and nomination for reappointment?
(IV) Does the company regularly assess the independence of the certified public accountants?	V		(IV) The Company's certifying CPAs' independence for 2025 has been evaluated by the 12th meeting of the 10th Board of Directors. It is not a related party to the Company and there is no concern about independence, please refer to page P.78.	(IV) No significant difference from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.
IV. Whether the listed company appoints competent	V		The Company resolved at the 9th Term 14th Meeting of	No significant difference from

Evaluation Item	The State (Note 1)
	Yes	No	Summary
and appropriate corporate governance personnel, and appoints a corporate governance officer to be responsible for corporate governance-related affairs (including but not limited to providing directors and supervisors with the information needed to perform their duties, assisting directors and supervisors in compliance laws, handling matters related to the Board of Directors and shareholders' meetings in accordance with the law, and preparing minutes of the Board of Directors and shareholders' meetings)?			the Board of Directors on August 11, 2022 to establish the position of chief of corporate governance, and Li Yun-Chen, the chief financial and accounting officer of the Company, is responsible for coordinating corporate governance related matters.
Explanations of corporate governance-related matters are as follows;
1. Conducting matters related to the meetings of the Board of Directors and the shareholders' meeting in accordance with the law.
2. Preparation of minutes of board meeting and shareholders' meeting.
3. Assisting directors in their assumption of office and continuing education.
4. Providing information necessary for the directors to carry out their duties.
5. Assisting directors in complying with laws and regulations.
6. Other matters stipulated in the Company's Articles of Incorporation or contracts.
The Company appointed the professional shareholder services agent institution “Yuanta Securities Co., Ltd. Stock Agency Department” and the Stock Affairs Office of the Finance Department of the Company to coordinate the planning and handling of matters related to the AGM. The latest regulatory developments related to the operating companies and to assist the directors in complying with the law: to understand the changes and effects of the latest regulations on the operating	the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.

Evaluation Item	The State (Note 1)			Difference from the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and the reasons for such difference
	Yes	No	Summary
			companies. The corporate governance implementation status in 2025 is as follows: 1. Handle matters relating to the Board of Directors and the AGM in accordance with the law. 2. Prepare the minutes of the Board of Directors and AGM meetings. 3. Conduct evaluation in accordance with the Regulations Governing the Performance Evaluation of the Board of Directors. 4. Assist directors in continuing education.
V. Has the company established channels for communication with stakeholders (including but not limited to shareholders, employees, customers and suppliers), set up a stakeholder section on the company's website, and properly responded to important corporate social responsibility issues of concern to stakeholders?	V		The Company has a spokesperson and a deputy spokesperson for external communication, as well as an e-mail address and a stakeholder area for complaints and prosecution. Through the various units in charge of the business with ‘different communication channels such as telephone, email and website, to collect feedback on information and issues of concern from stakeholders and respond to them appropriately. In addition, the Company's website discloses corporate social responsibility, sustainability commitments and policies, company policies and declarations, supplier management policies, and employee care, and has established a stakeholder section containing contact information of relevant units to facilitate timely responses to important issues of concern to stakeholders.	No significant difference from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.
VI. Does the company engage a professional shareholder services agency to handle AGM affairs?	V		Yuanta Securities Co., Ltd is the professional stock agent of the Company and it handles matters related to the Shareholders’ meeting.	No significant difference from the Corporate Governance Best-Practice Principles for
			marketing, and the company also has a stock market for the company’s products.	TWSE/TPEx Listed Companies.
VII. Does the company have a strong and strong leadership role in the business?	V		The company has a strong leadership role in the business.	No significant difference from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.
VIII. Does the company have a strong leadership role in the business?	V		The company has a strong leadership role in the business.	No significant difference from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.

Evaluation Item	The State (Note 1)			Difference from the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and the reasons for such difference
	Yes	No	Summary
				TWSE/TPEx Listed Companies.
VII. Information Disclosure
(I) Does the company have a website to disclose financial, business and corporate governance information?
(II) Has the company adopted other methods for information disclosure (such as establishing an English website, designating personnel responsible for the collection and disclosure of company information, implementing the spokesperson system, and posting the process of investor conferences on the company's website)?
(III) Does the Company announce and report the annual financial statements within two months after the end of the fiscal year, and announce and report the financial statements for the first, second, and third quarters and the operating status of each month before the prescribed deadline?	V	V	(I) The Company has updated relevant information on its website regarding finance, business, corporate governance, and sustainable development.
(II) The Company has designated personnel responsible for the disclosure of material information of the Company and regularly uploads it to the Market Observation Post System. The Company has spokesperson system, with one spokesperson and one deputy spokesperson. And disclose financial and business information through legal entities meetings and the Company's website.
(III) The Company has completed the declaration and announcement of the financial reports and the operating status of each month within the statutory deadline.	(I) No significant difference from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.
(II) No significant difference from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.
(III) Not yet fully achieved.
VIII. Does the company have any other important information that would help in understanding the operation of corporate governance (including but not limited to employee rights and benefits, employee care, investor relations, supplier relations, stakeholder rights, continuing education of directors and supervisors, implementation of risk management policies and risk measurement	V		(I) Employee rights and benefits and employee care: The Company regards employees as its greatest asset and has comprehensive plans for employee welfare and work rights and benefits. In addition to establishing an employee welfare committee, the Company has also established a sound education and training system, regular health checkups, bonuses for the 3 major festivals, performance bonuses, etc., providing	No significant difference from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.

Evaluation Item	The State (Note 1)
	Yes	No	Summary
standards, implementation of customer policies, and the purchase of liability insurance for directors and supervisors by the company)?			comprehensive welfare for work and life so that employees can fully devote themselves to their work.
(II) Investor relations and stakeholder rights: The Company has established a comprehensive spokesperson system to provide sound communication channels with investors, and regularly uploads the Company's business and financial information to the Market Observation Post System.
(III) Supplier relations: The Company works closely with major suppliers and has established good relationships to ensure that major raw materials can be supplied in a timely manner without shortage.
(IV) Continuing education of directors and managers: After considering the Company's business focus and major business directions, the Company arranges for directors and managers to pursue continuing education in relevant professional knowledge.
(V) The Company's purchase of liability insurance for directors: The Company has purchased liability insurance for all directors (for the period from 2026.4.1-2027.4.1).
(VI) Implementation of customer policies: The Company maintains stable and good relationships with customers in order to create profits for the company.
(VII) Succession planning for members of the Board of Directors and key management: The Company's succession planning for senior managers considers not only organizational fit, but also that values must align with the company, and candidates must possess

Evaluation Item	The State (Note 1)
	Yes	No	Summary
			outstanding professional and leadership capabilities, with personality traits including integrity, commitment, innovation, and winning customers' trust. The training model for senior management succession planning is divided into management capabilities, professional capabilities, and personal development plans, and its content includes human resources, financial risks, leadership and management, etc. Depending on individual work needs and learning differences, training schedules are tailored accordingly. Through professional competency training, trainees will be able to integrate and apply their skills in order to develop decision-making judgment.
IX. Please explain the improvements made with reference to the corporate governance evaluation results published for the most recent year by the Corporate Governance Center of Taiwan Stock Exchange Corporation, and for items not yet improved, propose priority enhancement items and measures. (companies that are not listed for evaluation do not need to fill in this)
(I) Improvements made: None
(II) Not yet improved but priority enhancement items and measures have been proposed:
The Company's external website will continue to be improved to clearly disclose relevant information on the Company's finance, business, and corporate governance, as well as to provide AGM-related materials.

(IV) Information on the operation of the Remuneration Committee:

The Company's "Remuneration Committee" was established on 2012/05/18, and the committee members were appointed by resolution of the Board of Directors, with all members electing one member to serve as the convener and chairman of the meeting. The operation of the Remuneration Committee shall be governed by the Company's "Remuneration Committee Organizational Rules", and its duties cover the following:

(1) Formulate and regularly review the performance evaluation of the directors and managers as well as the remuneration policy, system, standards and structure.
(2) Regularly evaluate and set remuneration to directors and managers.

Information of members of the Remuneration Committee

March 31, 2026

| Criteria
Identity/Name | Professional qualifications and experience | State of independence | Number of other public companies in which the individual is concurrently serving as a member of a Remuneration Committee |
| --- | --- | --- | --- |
| Independent Director
Chou Yi-Liang | With 5 years of working experience in commerce, law, finance, accounting or others required by the Company; currently serving as a director of Zhao-Neng Technology Co., Ltd.
Does not meet any of the matters stated in Article 30 of the Company Act. | (1) This person, their spouse or relatives within second degree of kinship is not serving as a director, supervisor or employee of the Company or its affiliates.
(2) This person, their spouse, relatives within second degree of kinship are not holding any proportion of shares of the Company (or in the name of others). | None |

		(3) This person has not received remuneration from the Company or its affiliates for providing commercial, legal, financial and accounting services in the past two years.
Independent Director of the Company Bun-Chau Dai	With 5 years of working experience in commerce, law, finance, accounting or others required by the Company; currently serving as an accountant of Nexia Sun Rise. Passed the qualification examination with proper licensing by the national Government Apparatus as certified public accountant or other professional designations required by the Company’s business. Does not meet any of the matters stated in Article 30 of the Company Act.	(1) This person, their spouse or relatives within second degree of kinship is not serving as a director, supervisor or employee of the Company or its affiliates.
(2) This person, their spouse, relatives within second degree of kinship are not holding any proportion of shares of the Company (or in the name of others).
(3) This person has not received remuneration from the Company or its affiliates for providing commercial, legal, financial and accounting services in the past two years.	None
Committee Member Hsu Meng-Chi	With 5 years of working experience in commerce, law, finance,	(1) This person, their spouse or relatives within second degree of	None

| | accounting or others required by the Company.
Does not meet any of the matters stated in Article 30 of the Company Act. | kinship is not serving as a director, supervisor or employee of the Company or its affiliates.
(2) This person, their spouse, relatives within second degree of kinship are not holding any proportion of shares of the Company (or in the name of others).
(3) This person has not received remuneration from the Company or its affiliates for providing commercial, legal, financial and accounting services in the past two years. | |
| --- | --- | --- | --- |

Information of the state of operation of the Remuneration Committee:

(1) The Company’s Remuneration Committee consists of 3 members; at least 2 meetings are held each year.

(2) The tenure of the current committee members: August 8, 2023 to June 27, 2026, and in the most recent (2025) year, the Remuneration Committee held 2 meetings (A), and the qualifications and attendance of members are as follows:

Title	Name	Actual attendance (B)	Actual attendance rate (%) (B/A)
Convener	Yi-Liang Chou	2	100
Member	Kuei-Chen Wu	2	100
Member	Meng-Chi Hsu	2	100

Other information required: I. The matters mainly discussed in the Remuneration Committee meetings in the most recent year are as follows: 1. 8th meeting of the 10th Term Board of Directors (March 12, 2025)
Contents of the motion	Resolution adopted by the Remuneration Committee	How the Company responded to the opinions of the Remuneration Committee	Resolution of the Board of Directors
The Company's 2024 managers remuneration proposal (Date of Remuneration Committee meeting: 2025/1/20)	The motion was passed by all attending members of the Remuneration Committee without objections and was submitted to the Board of Directors.	Not applicable	The motion was passed without objections after the chair consulted with all attending directors.
The Company's 2025 directors' and managers' remuneration system and remuneration items proposal (Date of Remuneration Committee meeting: 2025/3/12)
II. If the board of directors declines to adopt or modify a recommendation from the remuneration committee, the date, session, topic discussed and the resolution of the board meeting and handling of the resolution of the remuneration committee shall be specified (if the remuneration package approved by the Board is better than the recommendation made by the committee, please specify the discrepancy and its reason): None. III. As to the resolution of the remuneration committee, if a member expresses any objection or reservation, either by recorded statement or in writing, the date, session and topic discussed of the committee meeting, all members' opinions and handling of members' opinions shall be specified: None.

(V) State of the promotion of sustainable development operations and any difference from the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies, and the reasons for such difference:

Promotion items	Implementation status (Note 1)			Deviation and causes of deviation from the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies
	Yes	No	Summary (Note 2)
I. Has the Company established a governance structure to promote sustainable development, set up a dedicated (concurrent) unit to promote sustainable development, authorized senior management by the Board of Directors to handle it, and has the Board of Directors supervised such matters?	V		The Company has formed a “Greenhouse Gas Inventory Group” by members of relevant units of the General Management Office to promote and carry out various sustainable development tasks. Since 2022, the progress of annual greenhouse gas verification has been reported to the Board of Directors on a quarterly basis, and the Board of Directors will continue to supervise the Company's sustainable development operations to ensure that the Company attaches importance to environmental, social, and corporate governance factors while pursuing sustainable operations and profitability.	Meeting the requirements of the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies.
II. Has the Company conducted risk assessments of environmental, social, and corporate governance issues related to the Company's operations based on the principle of materiality, and established related risk management policies or strategies?	V		1. The Company conducts risk evaluations related to the Company's operations in accordance with the materiality principle. The scope of the evaluations includes the subsidiaries within the scope of the Company's consolidation and involves issues related to the environment, social responsibility and corporate governance, and stakeholders.
2. The Company's “Ethical Corporate Management Best Practice Principles”, “Code of Ethical Conduct”, “Management Procedures for Prevention of Insider Trading”, and “Standard Operating Procedures for Handling Directors' Requests” were established for the implementation of risk	Meeting the requirements of the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies.
			measuring and monitoring the performance of the Company's operations in accordance with the specific standards and procedures of the Company's management procedures.
3. The Company conducts risk assessment and assessment of the performance of the Company's operations in accordance with the specific standards and procedures of the Company's management procedures.
4. The Company conducts risk assessment and assessment of the performance of the Company's operations in accordance with the specific standards and procedures of the Company's management procedures.

Promotion items	Implementation status (Note 1)
	Yes	No	Summary (Note 2)
			management-related policies concerning operations, finance, society, stakeholders and other aspects, and their contents were formulated in accordance with relevant government laws and regulations.
3. Corporate Governance: The Company regularly reviews whether the corporate governance-related regulations and internal control system need to be revised. Through various channels, the Company collects information on changes in relevant laws and regulations, and when necessary, proposes amendments to the articles of incorporation or internal regulations to submit them to the Board of Directors for approval.
4. Environment: The Company has obtained ISO14001 environmental management system certification.
5. Social aspect: In order to reduce the impact of rapid changes in the internal and external environment on corporate operations, the Company strengthens necessary network and computer security protection systems from time to time to ensure the safety and integrity of important business functions and data, such as manufacturing, operations, and finance and accounting. The Company has obtained ISO45001 occupational safety and health management certification.
6. The Company's chairman and President are the same person, and the number of independent directors has been increased. At the same time, two-thirds of the Board of Directors is maintained without

Promotion items	Implementation status (Note 1)			Deviation and causes of deviation from the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies
	Yes	No	Summary (Note 2)
			concurrently serving as an employee or managerial officer to enhance the functions of the Board of Directors.
III. Environmental issues
(I) Has the Company established an appropriate environmental management system based on the characteristics of its industry?	V		(I) In order to be committed to environmental protection and create a safe working environment, the Company uses the ISO 14001 environmental management system for environmental risk management (certification validity: 2027/6/21), and continues to promote ISO 45001 occupational safety and health management (certification validity: 2027/7/19) to establish a complete system and strive to reduce employee safety and health hazard factors.	Meeting the requirements of the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies.
(II) Is the Company committed to improving energy use efficiency and using renewable materials with low environmental impact?	V		(II) The Company cooperates with suppliers in waste recycling and, in addition to classifying waste in accordance with the law, entrusts qualified waste disposal contractors to handle it. Classified recycling, sale, and reuse. Other general domestic waste is handled by local environmental protection authorities; to improve the utilization efficiency of various resources and enhance the feasibility of recycling and reuse through a detailed classification and storage management model, thereby reducing the amount of waste sent for incineration/landfill.
(III) Has the Company assessed the potential risks and opportunities of climate change for the enterprise at present and in the future, and adopted response measures for the relevant issues?	V		(III) The Company pays attention to the issues arising from climate change and their impact on the Company's operational risks, builds adaptive capacity, and is committed to promoting energy

Promotion items	Implementation status (Note 1)			Deviation and causes of deviation from the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies
	Yes	No	Summary (Note 2)
(IV) Has the Company compiled statistics on greenhouse gas emissions, water consumption, and total weight of waste for the past two years, and formulated policies on greenhouse gas reduction, reduction of water consumption, or other waste management?	V		management, energy conservation and carbon reduction management, water resources management, and waste management. Through the issuance of sustainability reports, the Company continues to communicate with stakeholders, while also reviewing its own corporate development process to build sustainable operational capabilities. In addition, the 2024 sustainability report discloses governance, strategy, risk management, indicators and targets, as well as climate-related impacts and response measures.

(IV) In production, machinery and equipment are regularly replaced to improve efficiency, and motor power consumption can also be reduced, so as to reduce system power consumption.
The lighting fixtures in the workplace and toilets were replaced with LED energy-saving lighting fixtures to save energy and enhance the lighting function.
The air conditioning unit is equipped with air conditioning time, temperature and to achieve energy savings. The Company's water source is 100% domestic water, namely tap water, and is not separately drawn from rivers, lakes, groundwater sources, or sea areas, and therefore has no significant impact on water sources or community water use.
Greenhouse gas emissions in 2025 totaled 2,329.68 t-co2e from scopes 1 and 2, a decrease of 145.06 t- | |

Promotion items	Implementation status (Note 1)			Deviation and causes of deviation from the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies
	Yes	No	Summary (Note 2)
			co2e from the 2,474.74 t-co2e emitted from scopes 1 and 2 in 2024, representing a 5.86% reduction. This was primarily due to a decrease in emission sources in the production environment in 2025. In 2025, we will continue to promote electricity conservation and strengthen the control of electricity consumption of high-consumption equipment, with a greenhouse gas emission target of 2,000 t-co2e, representing a reduction of approximately 14.15% from the previous year. The total water usage in 2025 was 10,486 metric tons, a decrease of 776 metric tons from the 11,262 metric tons used in 2024, representing a 6.89% reduction, mainly due to a decrease in the number of employees. In 2026, we will continue to promote water conservation, with an estimated total water consumption target of 10,000 tonnes, a reduction of approximately 4.63% from the previous year. Total waste weight in 2025 was 158 metric tons, a decrease of 56.6 metric tons from the 214.6 metric tons recorded in 2024, representing a 26.22% reduction. The main reason was decreased production line output and improved yield. In 2026, the Company will continue to promote waste reduction, such as promoting the use of personal reusable cups and reusable bags and the use of renewable energy, and the estimated total waste weight is 150 metric tons, representing an

Promotion items	Implementation status (Note 1)			Deviation and causes of deviation from the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies
	Yes	No	Summary (Note 2)
			estimated reduction of approximately 5.06%.
IV. Social Issues
(I) Does the Company establish relevant management policies and procedures in accordance with relevant laws and international human rights conventions?	V		(I) The Company complies with labor-related laws and regulations and international human rights conventions. It has established work rules and human rights management procedures, which cover the prohibition of child labor, gender equality, the right to work, and the strict prohibition of any violence, harassment, and illegal discrimination to protect human rights. These policies have been implemented and promoted annually.	Meeting the requirements of the Social Responsibility Best-Practice Principles for TWSE/TPEx Listed Companies.
(II) Does the Company establish and implement reasonable employee welfare measures (including remuneration, leave and other benefits), and appropriately reflect operating performance or results in employee remuneration?	V		(II) The employee salary and remuneration policy is determined based on individual ability, contribution to the Company, performance, competitiveness, and consideration of the Company's future operational risks. Pursuant to Article 24-1 of the Company's Articles of Incorporation, if the Company generates a profit in a year, it shall allocate 5% to 15% of the profit as employee remuneration. Of this amount, no less than 30% must be allocated as remuneration for grassroots employees. The recipients include employees of qualifying subsidiaries; the Company may, by resolution of the Board of Directors, allocate no more than 3% of the aforesaid profit amount as Directors' remuneration.
(III) Does the Company provide employees with a safe and healthy work environment, and provide employees with safety and health education on a regular basis?	V		(III) To ensure a safe and healthy working environment for employees, the Company has obtained ISO 45001 Occupational Safety and Health Management System certification. Every year, the

Promotion items	Implementation status (Note 1)
	Yes	No	Summary (Note 2)
(IV) Has the Company established an effective career development training program for its employees?	V		indoor working environment is tested for harmful factors to meet regulatory requirements, and firefighting and first aid-related education training is held every six months.
The Company also promotes smoke-free workplaces, formulates measures to prevent illegal violations of employees, and continues to conduct employee safety and health training, promotion, communication, and consultation. To encourage all employees to participate in improvement and care for environmental facilities, with the aim of zero disasters and zero accidents, and to build a friendly, safe and healthy working environment.
The Company recorded zero fire incidents and zero deaths and injuries in 2025, and the rate of severe occupational injuries (excluding deaths) was zero.
(IV) The Company prioritizes long-term talent development and plans and arranges various internal and external training programs based on departmental needs and individual employee needs to enhance employees' knowledge and skills, build robust human capital, and support employees' career development, encompassing both the cultivation of core professional capabilities and the balanced development of employees' physical, mental, and spiritual well-being.
(V) The Company complies with relevant laws and regulations and international standards regarding customer health and safety, customer privacy, marketing and
(V) Does the Company comply with relevant laws and regulations and international standards regarding customer health and safety, customer privacy,	V

Promotion items	Implementation status (Note 1)			Deviation and causes of deviation from the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies
	Yes	No	Summary (Note 2)
marketing and labeling of products and services, and establish relevant policies and complaint procedures to protect consumers' or customers' rights and interests?

(VI) Does the Company establish a supplier management policy requiring suppliers to comply with relevant regulations on environmental protection, occupational safety and health, or labor rights, and what is the implementation status? | V | | labeling of products and services, and has established product recall management systems, adverse reaction reporting management systems, and environmental sanitation and personnel health management systems, etc., to promote the implementation of policies protecting consumer rights and interests.

(VI) The procurement department of the Company conducts "Supplier Evaluation" of its suppliers on a monthly basis. The evaluation includes the operating environment of a supplier's factory and its impact on the environment and society, and will take into consideration any supplier's significant impact on the environment and society by temporary or permanently terminating business dealings with them. In 2025, the Company included supplier quality, social responsibility, service level, supply capability, and technology in the evaluation items. The evaluation results showed that all suppliers complied with relevant regulations.

Supplier Management Policy:
Suppliers are required to ensure that the products or raw materials for products they provide comply with relevant environmental protection regulatory requirements during the production process.
We use non-polluting or low-polluting production and processing equipment, advanced processing methods, etc., do not use raw materials that are prohibited by law, and do comply with all | |

Promotion items	Implementation status (Note 1)			Deviation and causes of deviation from the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies
	Yes	No	Summary (Note 2)
			environmental health and safety management requirements of the Company.
V. Has the Company prepared a sustainability report or other reports disclosing the Company's non-financial information with reference to internationally accepted reporting standards or guidelines? Have the aforesaid reports obtained assurance or an opinion from a third-party verification institution?		V	The information disclosed in the Company's sustainability report was prepared in accordance with the Core option of the GRI Standards 2021 published by the Global Reporting Initiative (GRI); and also complies with the requirements of the “Guidelines for the Preparation and Filing of Sustainability Reports by TPEx Listed Companies”. In the future, the report will obtain assurance or an opinion from a third-party verification institution.	Not yet fully achieved.
VI. If the Company has formulated its own Sustainable Development Best Practice Principles in accordance with the “Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies”, please describe the differences between its operations and the principles: We have formulated our own “Sustainable Development Best-Practice Principles” to promote sustainable development. The actual operation is not materially different.
VII. Other important information helpful to understanding the implementation of sustainable development: the Company has proactively handled relevant matters in accordance with relevant laws and regulations.
1. Environmental sustainability development:
(1) Public facilities: Control the temperature of air conditioners in offices to reduce power consumption, replace old water dispensers with energy-saving models.
(2) Environmental protection work: In order to fulfill its social responsibility to protect the global environment, the Company does not use substances that pollute the environment in its production processes, and discarded items are entrusted to a resource recycling company for disposal, causing no impact on the environment, and it complies with and has passed ISO 14001:2015 Environmental Management System certification.
(3) Lighting system: The office area has been fully replaced with LED lamps, and the office lights are turned off for 1 hour during the noon break.
(4) Others: Implement paperless offices, waste sorting and recycling, make good use of video conferences, set energy-saving personal computers, and encourage employees to print on both sides of the paper.
2. Safety and health: The Company promotes the environmental safety and health (ESH) policy (including new employee training) so that employees understand the Company's ESH policy, and implements the ESH management system.

Promotion items	Implementation status (Note 1)			Deviation and causes of deviation from the Sustainable Development Best-Practice Principles for TWSE/TPEx Listed Companies
	Yes	No	Summary (Note 2)
3. Other social responsibility activities: (1) The Company has established an online reporting system for public information, with dedicated personnel responsible for the collection and disclosure of Company information, to ensure that information that may affect the decision-making of shareholders and stakeholders can be disclosed in a timely and appropriate manner. (2) Quality organic vegetables grown locally in Taoyuan were donated to Taoyuan City Private An-Kang Intellectually Challenged Infants Care Institution, putting into practice the principle of taking from society and giving back to society. This charitable activity transcends you and me to create a better world.

Climate-related information for TWSE/TPEx listed companies

1 Climate-related information implementation status

Item	Implementation
1. Describe the monitoring and governance of climate-related risks and opportunities by the Board of Directors and the management.	1. The Company's Sustainable Development Department is the designated part-time unit for greenhouse gas inventory operations related to climate change, and reports to the Board of Directors every quarter on the detailed implementation schedule for each greenhouse gas inventory plan item, the formulation of complete inventory procedures, and the progress of implementation of plans such as the Board of Directors' supervision and control of phased targets.
2. Describe how the identified climate risks and opportunities affect the Company's business, strategy and finance (short, medium, and long-term).	2. In the face of climate change, it is bound to have a considerable impact and change on the industrial supply chain and market business sales conditions. In addition to the Company's short-term plans to save resources and reduce carbon emissions, in the medium and long-term, perhaps the overall market will move towards the trend of carbon pricing and carbon taxation, which have the potential to increase the cost of R&D and production of our own products.
3. Describe the financial impact of extreme climate events and transformation actions.	3. Rising raw material costs, collection of carbon fees/carbon taxes resulting in higher operating costs, the impact of extreme weather and climate on the Company's operations, and increased uncertainty in market information. The subsequent adjustment of product manufacturing processes that may be caused by climate

| 4. Describe how climate risk identification, assessment, and management processes are integrated into the overall risk management system.
5. If a scenario analysis is used to assess the resilience to climate change risks, the scenarios, parameters, assumptions, analysis factors, and main financial impacts used shall be described.
6. If there is a transformation plan in place to manage climate-related risks, specify the content of the plan, and the indicators and targets used to identify and manage physical risks and transformation risks.
7. If internal carbon pricing is used as a planning tool, the basis for setting the price shall be stated.
8. If climate-related goals are set, the activities covered, the scope of greenhouse gas emissions, the planning period, and the progress of each year should be explained; if using carbon offsets or renewable energy certificates (RECs) to achieve the goals, it should be explained in exchange for the source and quantity of carbon reduction credits or quantity of renewable energy certificates (RECs).
9. Greenhouse gas inventory and assurance status, reduction targets, strategies, and specific action plans. | change will be a subject that must be considered and responded to in the Company's future financial planning, and it is also one of the business targets that requires systematic management and risk assessment.
4. The Sustainable Development Department intends to analyze, through cross-departmental discussions, the impact of policies and regulations, technology, market, and immediate and long-term climate risks on the Company one by one, and to conduct reviews of the identification from time to time to ensure that the identification results are in line with the current status. In addition, a list of climate risks and opportunity items and an internal operational impact questionnaire were established. Analyze climate risks, opportunities and operational impacts, determine material risk items, and establish implementation strategies and target setting.
5. The Company plans to use a number of scenario analysis to analyze the main financial impacts of the resilience and scenarios of climate change risks and the parameters and factors obtained.
6. In terms of the matrix analysis of the impact and the possibility of occurrence, the transformation plan to manage climate-related risks is ranked first in response to the main customer's request to reduce carbon by 20% by 2030. It is necessary to improve the resource efficiency standards of various assets, actively invest in the energy management system (EMS) combined with production technology enhancement, and achieve the committed target of 20% carbon reduction.
7. Internal carbon pricing can measure and manage the cost of carbon emissions. The Company has not yet implemented internal carbon pricing. Before implementation, the required strategic planning will be formulated based on the Company's specific circumstances to determine the actual internal carbon price.
8. Refer to Tables 1-1-1 and 1-2.
9. Refer to Table 1-1-2. |
| --- | --- |

1-1 The Company's Greenhouse Gas Inventory and Assurance in the Recent Two Years
1-1-1 Greenhouse Gas Inventory Information

Describe the greenhouse gas emission volume (metric tons CO2e), intensity (metric tons CO2e/NTD million), and data coverage for the most recent two years.
The greenhouse gas emissions in the most recent two years are shown in the table below: The inventory of Scope 1 and Scope 2 is the information of the parent company's Taiwan factory, and has not been verified by a third party.
Year	Scope 1
Direct emissions	Scope 2
Indirect emissions from energy sources	Scope 3
Other indirect emissions	Scope 1 - 3
Total emissions (tons CO2e)
113	60.92 tons of CO2e	2,413.82 tons of CO2e	None	2,474.74 tons of CO2e
114	60.61 tons of CO2e	2,269.07 tons of CO2e	None	2,329.68 tons of CO2e

1-1-2 Greenhouse Gas Assurance Information

Describe the status of assurance in the last 2 years up to the date of publication of the annual report, including the scope of assurance, institutions of assurance, criteria of assurance, and opinions of assurance.
The Company expects to conduct external verification of greenhouse gas assurance in 2027.

1-2 Greenhouse Gas Reduction Targets, Strategies, and Specific Action Plans

Describe the greenhouse gas reduction base year and data, reduction goals, strategies, and concrete action plans and achievement of the reduction goals.

In order to continue to achieve the international reduction trend, the Company conducts reduction tracking through greenhouse gas inventories, and intends to propose a long-term plan. With green energy such as green power and green gas as the main concepts, business instruments are implemented in the design and selection of non-carbon-emitting materials, power-saving production processes, and carbon reduction from aspects such as green transportation. The Company has established a baseline of greenhouse gas emissions based on the carbon emissions per unit of product, and set 2022 as the base year for energy conservation and carbon reduction, and plans to reduce emissions year by year to achieve the long-term goal of neutral carbon management. In 2026, we will continue to promote energy conservation and strengthen the control of power consumption by equipment. The greenhouse gas emission target is 2,000 t-co2e, and continue to reduce the emission by about 14.15% every year.

(VI) Ethical Corporate Management – Implementation Status and Deviations from the Ethical Corporate Management Best Practice Principles for TWSE/TPEx Listed Companies and the Reasons:

Evaluation Item	Implementation status
	Yes	No	Summary
I. Establishment of ethical corporate management policies and plans
(I) Has the company established an ethical corporate management policy approved by the board of directors, and clearly stated the ethical corporate management policy, practices, and the commitment of the board of directors and senior management to actively implement the management policy in its regulations and external documents?	V		(I) The Company's Board of Directors has established the "Ethical Management Procedures and Behavior Guidelines" and the "Code of Practice on Ethical Corporate Management", and the Company has included in the "Code of Practice" relevant regulations against fraud and corruption. During pre-employment training, new employees are instructed to understand the rules and regulations of the Code of Practice and to be dedicated to their duties. And all employees of the Company (including subsidiaries) are specifically regulated to comply with the following principles in the course of engaging in business conduct:
(1) The Company shall not directly or indirectly provide, promise, request or accept any improper benefits, or engage in other unethical behaviors such as violation of good faith, illegal or breach of fiduciary obligations, in order to obtain or maintain benefits.
(2) Do not request or accept money, gifts, commissions, positions, services, favors, rebates, etc. in any form or name. Except when it is a normal social etiquette and is occasional and does not affect specific rights and obligations.	In line with the standards of the Ethical Corporate Management Best-Practice Principles.

Evaluation Item	Implementation status			Difference from Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and reasons for such difference
	Yes	No	Summary
(II) Has the Company established an assessment mechanism for the risk of unethical conduct, regularly analyzed and assessed business activities within its scope of business that have a higher risk of unethical conduct, and, based thereon, formulated a program to prevent unethical conduct that at least covers the preventive measures for the acts set out in each subparagraph of Article 7, paragraph 2 of the “Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies”?	V		(3) Directors shall maintain a high level of self-discipline. For any motion proposed to the Board of Directors in which such director or the juridical person represented by such director has an interest and which may be detrimental to the interests of the Company, such director shall only state opinions and answer inquiries, and shall not participate in discussion or voting. Such director shall recuse himself or herself from discussion and voting, and shall not exercise voting rights on behalf of another director. The directors are also very self-disciplined and do not provide improper support to each other.

(II) The Company's Board of Directors has established the “Ethical Management Procedures and Behavior Guidelines” and the “Code of Practice on Ethical Corporate Management”, and regularly conducts corporate ethics training and promotional events for employees, and integrates them with the employee performance evaluation process to establish a clear and effective reward and disciplinary system. The directors, managers and employees comply with the Securities and Exchange Act, the Business Entity Accounting Act, the Code of Practice on Ethical Corporate Management, the Company Act or other laws and regulations related to business practices, and the Company's internal regulations procedures, and perform their duties in good faith, and are audited from time to time by the auditing department. | |

Evaluation Item	Implementation status			Difference from Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and reasons for such difference
	Yes	No	Summary
(III) Has the Company clearly stipulated in the program to prevent unethical conduct the operating procedures, code of conduct, disciplinary actions for violations and complaint system, implemented such program, and regularly reviewed and amended the aforementioned program?	V		(III) The Company's “Code of Practice on Ethical Corporate Management” clearly stipulates programs and handling procedures for prohibiting illegal political contributions, bribery and acceptance of bribes, prohibiting improper charitable donations or sponsorships, and preventing unreasonable gifts, hospitality or other improper benefits. When new employees report for duty, promotion and explanations are provided, and relevant promotion and notifications are provided to employees, managers and directors from time to time to enhance the concepts of self-discipline and integrity.

Evaluation Item	Implementation status			Difference from Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and reasons for such difference
	Yes	No	Summary
2. Implementing ethical corporate management
(I) Has the company evaluated the integrity records of the parties with which it has dealings, and clearly stipulated integrity clauses in the contracts it signs with transaction counterparties?	V		(I) The Company incorporates compliance with ethical corporate management into contractual terms, does not engage in commercial transactions with parties having records of dishonest conduct, and clearly stipulates the rights and obligations of both parties in contracts; upon discovering that a business counterparty or cooperating party is involved in dishonest conduct, the Company shall immediately cease commercial dealings with such party and conduct an investigation, so as to implement the Company's ethical corporate management policy.	In line with the standards of the Ethical Corporate Management Best-Practice Principles.
(II) Has the company established a dedicated unit under the board of directors to promote ethical corporate management, and does such unit regularly report (at least once a year) to the Board of Directors on its ethical corporate management policy, program to prevent unethical conduct, and supervisory implementation status?	V		(II) To strengthen the management of ethical corporate management, the Finance Division is responsible for promoting, formulating, supervising, and implementing the Company's ethical corporate management, policies, and prevention programs.	In line with the standards of the Ethical Corporate Management Best-Practice Principles.
(III) Has the Company established policies for preventing conflicts of interest, provided appropriate reporting channels, and effectively implemented them?	V		(III)The Company has established the "Code of Practice on Ethical Corporate Management", "Ethical Management Procedures and Behavior Guidelines" and "Code of Ethical Behavior", which specify the avoidance of conflicts of interest and provide appropriate representations on the operation of the channel. In case of conflict of interest, the Board of Directors will recuse themselves from the meeting and will leave the meeting to not participate in the voting and discussion. (March 12, 2025 the Board of Directors will review the process and provide a summary of the process.)	In line with the standards of the Ethical Corporate Management Best-Practice Principles.

Evaluation Item	Implementation status			Difference from Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and reasons for such difference
	Yes	No	Summary
(IV) Whether the Company has established an effective accounting system and internal control system to implement ethical management, and has the internal audit unit formulate relevant audit plans based on the assessment results of the risks of unethical conduct, and audit the prevention programs against unethical conducts accordingly, compliance, or appoint a CPA to perform the audit?	V	V	Directors handled the matter in accordance with the provisions on directors' recusal due to conflicts of interest under Article 15 of the Company's Rules of Procedure for Board of Directors Meetings).
(IV) To implement ethical corporate management, the Company has established an effective accounting system and internal control system, and has adopted the “Code of Ethical Corporate Management” and the “Operational Procedures for Ethical Corporate Management”; internal auditors also, based on assessments of the risk of dishonest conduct, regularly or irregularly examine compliance with the relevant systems and prepare audit reports for submission to the Board of Directors; in addition, to ensure the continuous effectiveness of the design and implementation of the systems, the Company conducts annual review and revision procedures to establish sound corporate governance and risk control mechanisms as the basis for evaluating the effectiveness of the overall internal control system and issuing the Internal Control System Statement.	In line with the standards of the Ethical Corporate Management Best-Practice Principles.
(V) Does the Company regularly organize internal and external education and training on ethical corporate management?	V	V	(V) The Company has incorporated anti-corruption and integrity advocacy under the “Code of Ethical Conduct” into education and training courses for new employees, and is gradually implementing anti-corruption training; the Company will in the future plan to regularly organize relevant external training.	The Company will plan to organize related external training in the future.
III. Operation of the Company's reporting system			The Company has established a specific reporting and	In line with the standards

Evaluation Item	Implementation status			Difference from Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and reasons for such difference
	Yes	No	Summary
(I) Has the Company established specific reporting and reward systems, set up convenient reporting channels, and designated appropriate dedicated personnel to handle reports against the reported parties?
(II) Has the Company established standard operating procedures for investigating reported matters, follow-up measures to be taken after completion of the investigation, and relevant confidentiality mechanisms?
(III) Has the Company adopted measures to protect whistleblowers from improper treatment as a result of whistleblowing?	V		reward system, and still has a reporting and grievance channel, mainly through this management system to strengthen the company's ethical management and establish a complete internal and external communication platform, in order to immediately grasp and feedback employee suggestions, reports and grievances; It is also expected that through multiple communication channels, to provide sufficient two-way communication between managers and employees and to enhance the promotion of various labor issues and ethical and integrity-related information. The identity of whistleblowers and the content of reports shall be kept strictly confidential, and whistleblowers shall not be subjected to improper treatment due to reporting.	of the Ethical Corporate Management Best-Practice Principles.
IV. Strengthening information disclosure
(I) Has the Company disclosed on its website and the Market Observation Post System the content of its Code of Ethical Corporate Management and the effectiveness of its implementation?	V		The Company discloses internal regulations such as the "Code of Practice on Ethical Corporate Management" and "Ethical Management Procedures and Behavior Guidelines" on the website and the Market Observation Post System, and regularly discloses operational matters and financial information to enable investors to fully understand the Company's operations.	In line with the standards of the Ethical Corporate Management Best-Practice Principles.
V. If the Company has established its own code of ethical corporate management in accordance with the “Ethical Corporate Management Best Practice Principles for TWSE/TPEx Listed Companies”, please describe the differences between its operation and the established code:
There are no differences from the Principles, except for the fact that the Company has not yet set up a dedicated unit to promote ethical corporate management due to the its scale and nature and that the Company did not regularly report to the Board of Directors.
VI. Other important information helpful to understanding the operation of the Company's ethical corporate management: (such as the Company's review and amendment of its established code of ethical corporate management)
(1) The Company complies with the Company Act, Securities and Exchange Act, Business Entity Accounting Act, regulations related to TWSE/TPEx listing, and other laws and regulations related to commercial conduct, as the basic principles for implementing ethical corporate management.

Evaluation Item	Implementation status			Difference from Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies and reasons for such difference
	Yes	No	Summary
(2) The Company complies with relevant laws and regulations and the internal control system, strictly prohibits dishonest or illegal acts, and engages legal counsel to provide consultation. (3) The Company's “Rules of Procedure for Board of Directors Meetings” sets forth a system for directors' recusal due to conflicts of interest. If directors have an interest in a meeting matter concerning themselves or the juristic person they represent, they shall explain the material content of such interest at the relevant Board of Directors meeting. Where there is a likelihood of harm to the Company's interests, they may not participate in the discussion or voting, shall recuse themselves during the discussion and voting, and may not act as proxy for another director to exercise such director's voting rights. (4) The Company maintains the principle of integrity with customers in order to gain their trust. (5) The Company has a good credit record with banks.

(VII) Other significant information that will provide a better understanding of the state of the company's implementation of corporate governance may also be disclosed:

The continuing education of the Company's directors and managers in 2025:

Title	Name	Date	Organizer	Name of course	Number of hours of education
Director	Mei-Hsiu Liu	2025/11/06	Securities & Futures Institute	Criminal Techniques Involving Virtual Assets and Anti-Money Laundering	3
		2025/11/05		Practical Cases of Insider Trading and Related Legal Liabilities	3
Director	Chun-Chi Wu	2025/08/07	Taiwan Corporate Governance Association	Corporate Governance and Securities Regulations	3
		2025/03/11		How the governance unit reviews the sustainability report and responsibility for the quality of sustainability information disclosure	3
Director	Yu-Ling Lin	2025/07/31	Taiwan Stock Exchange	2025 Taiwan Capital Market Summit	3
		2025/07/09	Taiwan Stock Exchange	2025 Cathay Sustainable Finance and Climate Change Summit	6
Director	Jung-Sheng Wu	2025/09/09	Securities & Futures Institute	AI Development and Information Security Risks	3
		2025/09/09		Trump 2.0 Disrupts the Global Economic Order - Impacts and Responses	3
Representative of the Institutional Director of Ti Fu Investment Co., Ltd.	Cheng-Min Chen	2025/11/27	Securities & Futures Institute	Discussion on the Green and Transition Finance Action Plan - Sustainable Development Blueprint and Directors' Responsibilities	3
		2025/11/21	Taiwan Corporate Governance Association	From the perspective of shareholder activism, analysis of practical cases of voting behavior by foreign institutional investors to implement directors' and supervisors' responsibilities with an international mindset	3
Independent	Yi-Liang	2025/11/20	Securities & Futures Institute	Outlook for Global and Taiwan Economic Trends in 2026	3
				Financial and Financial Services
Vice President	Yi-Liang	2025/11/18	Securities & Futures Institute	Innovation and Development in 2026	3
Vice President	Yi-Liang	2025/11/18	Securities & Futures Institute	Innovation and Development in 2026	3

Evaluation items for independence of accountants:

Evaluation Item	Evaluated	Independence met

1. There is no direct or material indirect financial interest relationship between CPAs and the Company.	Yes	Yes
2. There is no significant and close business relationship between the CPAs and the Company.	Yes	Yes
3. The CPAs were not in a potential employment relationship at the time of auditing the Company.	Yes	Yes
4. The CPAs do not have any loan relationship with the Company.	Yes	Yes
5. The CPAs do not accept gifts or gifts of significant value (the value exceeding the standard social etiquette) from the Company and the Company's directors and managers.	Yes	Yes
6. No certified public accountant has provided audit services to the Company for seven consecutive years.	Yes	Yes
7. The CPAs do not hold shares of the Company.	Yes	Yes
8. The CPAs, their spouses or dependents, or the audit team have not served as directors, managers, or positions that have significant influence on the Company during the audit period or in the last two years, and it is determined that they will not assume the above-mentioned relevant positions during the future audit period.	Yes	Yes
9. Whether the CPAs have complied with the Bulletin of CPA Professional Ethics No. 10	Yes	Yes

(VIII) The following matters shall be disclosed for the implementation status of the internal control system:

Statement of Internal Control System

Laster Tech Co., Ltd.
Statement of Internal Control System

Date: March 13, 2026

With respect to the Company's internal control system for 2025, based on the results of self-assessment, the Company hereby declares as follows:

I. The Company acknowledges that the establishment, implementation and maintenance of the internal control system are the responsibilities of the Board of Directors and Managers of the Company. As such, the Company has established the aforementioned system. Its objectives are to provide reasonable assurance for the effectiveness and efficiency of its operations (including profitability, performance, and the guarantee of assets safety, etc.), reliable, timely and transparent reporting, and conformity to applicable rules, regulations, and laws.

II. The internal control system has its inherent limitations. Regardless of how exhaustive the design is, an effective internal control system can only provide reasonable assurance for the achievement of the aforementioned three objectives. Further, due to changes in the environment or circumstances, the effectiveness of the internal control system may vary accordingly. Nevertheless, the Company's internal control system has set up a self-supervision

mechanism. Once a deficiency has been identified, the Company will take immediate remedial actions.

III. In accordance with the determining criteria for the effectiveness of the internal control system prescribed in the “Regulations Governing the Establishment of Internal Control Systems by Public Companies” (hereafter the “Regulations”), the Company evaluated the effectiveness of the design and execution for its internal control system. The determining criteria of the internal control system prescribed in the “Regulations” are based on the process of management control, dividing the internal control system into five composite factors: 1. Control of the environment, 2. Risk evaluation, 3. Control of operations, 4. Information and communication, and 5. Supervision. The composition of each element also includes several items. Please refer to the “Regulations” for the aforesaid items.

IV. The Company has adopted the aforementioned determining criteria of the internal control system to evaluate the effectiveness of design and execution for its own internal control system.

V. Based on the aforementioned evaluation results, the Company believes that the design and implementation of the Company's internal control system (including supervision and management of subsidiaries) as of December 31, 2025, including internal controls related to understanding the degree of achievement of operational effectiveness and efficiency objectives, reporting reliability, timeliness, transparency, and compliance with relevant regulations and applicable laws and regulations, are effective and can reasonably ensure the achievement of the above objectives.

VI. This Statement will serve as the main content of the Company's annual report and prospectus and will be made available to the public. If the aforesaid public content has any illegal events including falseness or concealment etc., it shall be liable to the legal liabilities stipulated in Article 20, 32, 171, and 174 of the Securities and Exchange Act.

VII. This Statement has been Approved by the Board of Directors of the Company on March 13, 2026. Among the 9 directors present, 0 expressed opposition, and all the remaining directors agreed to the contents of this Statement. This is hereby declared.

Laster Tech Co., Ltd.

Chairman and President

If an accountant is commissioned to review the internal control system on a project basis, the accountant's review report shall be disclosed: Not applicable.

(IX) During 2025 and up to the date of publication of the annual report, important resolutions adopted and opinions of independent directors at the shareholders’ meeting or board of directors meeting:

Important resolutions of the 2025 Annual General Meeting and implementation status:

In 2025, and up to the date of publication of the annual report, important resolutions adopted and opinions of independent directors at the board of directors meeting and how the Company responded to such opinions:

Date	Summary of Important Resolutions	Resolution Results	Implementation
2025.5.28
(2025 Annual General Meeting)	1. Ratification of the Company's 2024 business report, financial statements and Consolidated Financial Statements.	The motion was voted on and passed as presented.	None.
	2. Ratification of the Company's 2024 earnings distribution proposal.	The motion was voted on and passed as presented.	September 9, 2025 was determined by the Board of Directors as the ex-dividend record date; and distributed on September 23 of the same year, with a cash dividend of NTD 1.20677965 per share.
	3. Proposal for amendment to certain provisions of the Company's “Articles of Incorporation”.	The motion was voted on and passed as presented.	None.
Date	Name of meeting	Important resolution	Matters listed in Article 14-3 of the Securities and Exchange Act
---	---	---	---
2025/03/12	10th Term, 8th meeting of the Board of Directors	1. If the accounts receivable or other receivables of Laster Tech Co., Ltd. to subsidiaries or between subsidiaries have exceeded a certain number of days under the collection policy (9 months), they shall be deemed as loans of funds.
2. The Company's application for a bank credit line due to operational needs.
3. The 2024 business report, financial statements, and Consolidated Financial Statements.
4. 2024 remuneration distribution to employees and directors
5. Proposal for 2024 earnings distribution.
6. The Company's 2024 remuneration of managers.
7. The remuneration system and remuneration items of the Company's directors and managers in 2025.
8. Proposal for amendment to certain provisions of the Company's “Articles of Incorporation”.	V	None	Approved by the Board of Directors’ meeting by vote of the Directors present
			V
			V
			V
			V

Date	Name of meeting	Important resolution	Matters listed in Article 14-3 of the Securities and Exchange Act	Opinions of the independent directors and how the Company responded to such opinions	Resolution results of the Board of Directors
		9. A proposal to revise the Company's “Internal Control System” and “Internal Audit System”.
10. Definition of the Company's entry-level employees.
11. Issuance of the "Internal Control System Statement" by the Company.
12. Amendments to certain provisions of the Company's "Corporate Governance Best-Practice Principles".
13. Proposed amendments to certain provisions of the “Audit Committee Charter”, submitted for review.
14. The Company's directors' liability insurance will expire on April 1, 2025, and the proposed renewal is submitted for review.
15. The Company's application for endorsement/guarantee for the Company's great-grandchild company Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as “Laster Tech Shanghai”).
16. Endorsement/guarantee application for the Company's sub-subsidiary, Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as "Laster Dongguan").
17. Matters relating to the date, venue, convening matters of the Company's 2025 AGM, and the period for accepting written nominations and proposals from shareholders holding more than 1% of the shares and the place of acceptance.	V	None
			V	None
			V	None
			V	None
2025/04/09	10th Term, 9th meeting of the Board of Directors	1. The Company proposes to buy back treasury shares.	V	None	Approved by the Board of Directors’ meeting by vote of the Directors present
2025/05/09	10th Term,	1. The Company's application for a bank			Approved by

Date	Name of meeting	Important resolution
	10th meeting of the Board of Directors	credit line due to operational needs.
2. The Company's Q1 2025 Consolidated Financial Statements.
3. Endorsement/guarantee application by the Company's great-grandchild company Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as “Laster Dongguan”) for the Company's great-grandchild company Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as “Laster Tech Shanghai”).
4. Endorsement/guarantee application for the Company's sub-subsidiary, Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as "Laster Tech Shanghai") to the Company's sub-subsidiary Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as "Laster Dongguan").
5. Proposed authorization by the Board of Directors for the selection of directors responsible for audit business management and report approval.
6. Amendments to certain provisions of the Company's “Regulations Governing the 1st Share Repurchase and Transfer to Employees in 2025”.
7. The Company's 4th, 5th and 6th domestic unsecured convertible corporate bonds were converted into ordinary shares, and the capital change registration for Q1 2025 was processed.	V
V
V
V
V
V	None
None
None
None
None
None	the Board of Directors’ meeting by vote of the Directors present
2025/08/08	10th Term 11th meeting of the Board of Directors	1. The Company's application for a bank credit line due to operational needs.
2. The Company's Consolidated Financial Statements for Q2 2025.
3. Re-appointment of the internal audit officer.
4. The Company's application for loans of funds to the Company's great-grandchild company LASTER	V
V	None
None	Approved by the Board of Directors’ meeting by vote of the Directors present

Date	Name of meeting	Important resolution	Matters listed in Article 14-3 of the Securities and Exchange Act	Opinions of the independent directors and how the Company responded to such opinions
		FOREVER (SAMOA) CO., LTD.
5. The application for loans of funds by the Company's great-grandchild company Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as “Laster Tech Shanghai”) to the Company's great-grandchild company Li-San (Shanghai) International Trading Co., Ltd. (hereinafter referred to as “Li-San Shanghai”).
6. Endorsement/guarantee application for the Company's sub-subsidiary, Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as "Laster Dongguan") to the Company's sub-subsidiary Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as "Laster Tech Shanghai").
7. To repay existing borrowings, replenish medium-term material procurement and working capital and equity investment funds, the Company proposes to apply to a syndicated bank led by First Commercial Bank Co., Ltd. and Hua Nan Commercial Bank, Ltd. for a 5-year syndicated credit facility with a total credit line of no more than NTD 2.5 billion.
8. The Company proposes a capital increase for its subsidiaries in the United States and Mexico.
9. Adoption of the Company's “Treasury Share Repurchase Procedures”.
10. Setting the Company's 2025 ex-dividend record date and related matters.	V	None
			V	None
			V	None
2025/11/07	10th Term 12th meeting of the Board of Directors	1. The Company's application for a bank credit line due to operational needs.
2. The Company's great-grandchild company Laster Tech Electronics (Dongguan) Co., Ltd. applied for a bank credit line due to operational needs, and the Company intends to			Approved by the Board of Directors’ meeting by vote of the Directors

Date	Name of meeting	Important resolution
		issue a letter of support.
3. The Company's CPA fees for 2025
4. The Company's Consolidated Financial Statements for Q3 2025.
5. Proposed formulation of the Company's 2026 audit plan.
6. The application for loans of funds by the Company's great-grandchild company Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as “Laster Dongguan”) to the Company's great-grandchild company Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as “Laster Tech Shanghai”).
7. The Company's application for loans of funds to its subsidiary Windlux International Co., Ltd. (hereinafter referred to as “Windlux International”).
8. The application for downward adjustment of the endorsement and guarantee amount by the Company's great-grandchild company Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as “Laster Dongguan”) to the Company's great-grandchild company Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as “Laster Tech Shanghai”).
9. Endorsement/guarantee application for the Company's sub-subsidiary, Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as "Laster Dongguan").
10. The Company's application for loans of funds to its Thailand great-grandchild company Laster Tech (Thailand) Co., Ltd.
11. Proposed capital increase in Laster Tech (Thailand) Co., Ltd. through the Company's overseas subsidiary.
12. The Company's regular assessment of the independence of the certified	V
V
V
V
V
V
V
V
V
V	None
None
None
None
None
None
None
None
None
None
None
None	present

Date	Name of meeting	Important resolution
		public accountants.
13. Revision of certain provisions of the Company's “Procedures for Acquisition or Disposal of Assets”.
14. Amendments to certain provisions of the "Sustainable Development Best-Practice Principles".	V	None
2026/03/13	10th Term
13th meeting of the Board of Directors	1. The Company's application for a bank credit line due to operational needs.
2. The 2025 business report, financial statements, and Consolidated Financial Statements.
3. Distribution of 2025 remuneration to employees and directors
4. Proposal for 2025 earnings distribution.
5. The Company's managers' remuneration for 2025.
6. The remuneration system and remuneration items for the Company's directors and managers for 2026.
7. Issuance of the "Internal Control System Statement" by the Company.
8. The Company's directors' liability insurance will expire on April 1, 2025, and the renewal is proposed.
9. The sub-subsidiary Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as Laster Dongguan) applied for a loan of funds to the sub-subsidiary Laster Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as Laster Shanghai).
10. Application for a downward revision of the endorsement/guarantee amount provided by the Company's great-grandchild company Laster Tech Electronics (Dongguan) Co., Ltd. (hereinafter referred to as “Laster Dongguan”) to the Company's great-grandchild company Laster	V
V
V
V
V
V
V	None
None
None
None
None
None
None	Approved by the Board of Directors' meeting by vote of the Directors present

Date	Name of meeting	Important resolution
		Tech Automotive (Shanghai) Co., Ltd. (hereinafter referred to as “Laster Tech Shanghai”).
11. Full re-election of directors.
12. Removal of restrictions on competing business involvements for the newly elected directors and their representatives.
13. Date, venue, convening matters of the Company's 2026 Annual General Meeting, and related matters regarding the period for and place of accepting written nominations and proposals from shareholders holding more than 1% of the shares.	V	None

(X) In the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report, a director has expressed a dissenting opinion with respect to an important resolution passed by the board of directors, and said dissenting opinion has been recorded or prepared as a written declaration, and the main contents thereof: None.

IV. Information of the professional fees of the attesting CPAs

(I) For non-audit fees paid to CPAs, accounting firms, and affiliates thereof that amount to more than 1/4 of the audit fees, the disclosure should be made regarding the amount of audit and non-audit fees, and the service content of audit and non-audit fees:

Information of the professional fees of the attesting CPAs
Unit: NTD thousand

Name of accounting firm	Names of CPAs	Audit period	Audit fee	Non-audit fee	Total	Remark
Deloitte Taiwan	Chih-Yuan Chen
Yao-Lin Huan	2025.01.01-2025.12.31	3,222	326	3,548	Annual report review, business tax audit certification and others.

(II) Audit fee for the change of accounting firms paid in the year is less than the previous year, the decreased amount, percentage and reason of the audit fee shall be disclosed: None.

(III) Over 10% decrease in audit fee on a year-to-year basis, the decreased amount, percentage

and reason of the audit fee shall be disclosed: None.

V. Replacement of CPA: If the Company has changed its CPAs during the most recent 2 years and the subsequent period, the following matters shall be disclosed:

(I) About former CPAs

Date of change	January 1, 2024
Reason and explanation for the change	Due to internal personnel reassignment within Deloitte Taiwan, CPAs Yao-Lin Huang and Sui-Ching Li were replaced by CPAs Chih-Yuan Chen and Yao-Lin Huang.
Explain why the appointee or CPA is terminated or refuses to accept appointment	Situation
Parties		CPA	The Company
	Voluntary termination of appointment		Not applicable	Not applicable
	No longer accept (continue) appointment		Not applicable	Not applicable
An audit report issued during the most recent 2 years containing an opinion other than an unqualified opinion, state the opinion and reason	Not applicable.
Different opinions from the issuer	Yes		Accounting principle or practice
			Disclosure of financial report
			Audit scope or steps
			Other
	None	V
	Description: Not applicable due to internal adjustment

Other matters for disclosure (matters listed in items 1-4 to 1-7, subparagraph 6, Article 10 of these Regulations should be disclosed)

Not applicable due to internal adjustment

(II) About successor CPAs

Name of accounting firm	Deloitte Taiwan
Names of CPAs	CPA Chih-Yuan Chen, CPA Yao-Lin Huang
Date of appointment	January 1, 2024
If prior to the formal appointment of the succeeding CPA, the company consulted the new CPA regarding the accounting treatment of or application of accounting principles to a specific transaction, or the type of audit opinion that might be rendered on the company's financial report	Not applicable
Written opinions of the former CPA on which the succeeding CPAs disagreed with the former CPAs	Not applicable

(III) Reply from the former CPA regarding the matters under Article 10, paragraph 6, subparagraphs 1 and 2-3 of these Regulations: Not applicable due to internal adjustment.

VI. Any of the Company's chairperson, general managers, or managers responsible for financial or accounting affairs has worked in the accounting firm of the CPA or its affiliates in the most recent year: None.

VII. Any transfer of equity interests and/or pledge of or change in equity interests by a director, supervisor, managerial officer, or shareholder with a stake of more than 10 percent in the most recent year and up to the date of publication of the annual report:

(1) Changes in shareholdings of directors, managers and major shareholders:

Unit: shares

Title	Name	2025		Current year up to March 31, 2026
		Increase (decrease) in shareholding	Increase (decrease) in pledged shares	Increase (decrease) in shareholding	Increase (decrease) in pledged shares
Chairman and President	Mei-Hsiu Liu	188,713	(1,900,000)	-	-
Director	Chun-Chi Wu	35,429	-	-	-
Director	Yu-Ling Lin	1,667	-	-	-
Director	Jung-Sheng Wu	-	-	-	-
Corporate Director	Ti Fu Investment Co, Ltd.	593,577	-	-	-
Director Representative	Cheng-Min Chen	278,178	-	-	-
Independent Director	Yi-Liang Chou	-	-	-	-
Independent Director	Han-Ching Lin	-	-	-	-
Independent Director	Kuei-Chen Wu	2	-	-	-
Independent Director	Ching-Wen Hsu			-	-
Deputy Assistant Manager	Hsu Yung-Yi	-	-	-	-
Deputy Assistant Manager	Li Yun-Chen	3,304	-	-	-

(2) Information on the related party that is the counterparty of the equity transfer: None.
(3) Information that the counterparty of equity pledge is a related party: None.

VIII. The top 10 shareholders who are spouses or relatives within the second degree of kinship:
April 24, 2026; Unit: shares

Name	Number of shares held		Shareholding of Spouses and Minor Children		Total number of shares held in the name of others		Names and relationships between the top ten shareholders including spouses and second degree of kinship.		Remark
	Number of shares	Shareholding ratio (%)	Number of shares	Shareholding ratio (%)	Number of shares	Shareholding ratio (%)	Name (or name)	Relationship
Qi Min Investment Corporation	5,677,504	4.68%	-	-	-	-	Ti Fu Investment Co, Ltd.	Same Chairman of the Board of Directors	-
							Tyc Brother Industrial Co, Ltd.	Substantive related party
Representative: Wu Chun-Chi	885,429	0.73%	11,000	0.01%	-	-	Qi Min Investment Corporation	Chairman	-
							Ti Fu Investment Co, Ltd.	Chairman	-
							Tyc Brother Industrial Co, Ltd.	Chun-Chi Wu is a Director of Tyc Brother Industrial Co, Ltd.	-
Chicony Electronics	5,465,688	4.51%	-	-	-	-	Unikey Electronics Co., Ltd.	Substantive related party	-
									-
Representative: Hsu Kun-Tai	-	-	-	-	-	-	Chicony Electronics	Chairman	-
Mei-Hsiu Liu	4,716,225	3.89%	-	-	-	-	Golden Sunflower Investment Co., Ltd.	Liu Mei-Shiu is the chairman of Golden Sunflower Investment Co., Ltd.	-
							Laster Tech Co., Ltd. (Treasury shares)	Mei-Hsiu Liu is the Chairman of

Name	Number of shares held		Shareholding of Spouses and Minor Children		Total number of shares held in the name of others		Names and relationships between the top ten shareholders including spouses and second degree of kinship.		Remark
	Number of shares	Shareholding ratio (%)	Number of shares	Shareholding ratio (%)	Number of shares	Shareholding ratio (%)	Name (or name)	Relationship
								Laster Tech Co., Ltd.
Golden Sunflower Investment Co., Ltd.	4,360,774	3.60%	-	-	-	-	Mei-Hsiu Liu	Mei-Hsiu Liu is the Chairman of Golden Sunflower Asset Management Co., Ltd.	-
							Laster Tech Co., Ltd. (Treasury shares)	Same Chairman of the Board of Directors
Representative: Mei-Hsiu Liu	4,716,225	3.89%	-	-	-	-	Golden Sunflower Investment Co., Ltd.	Chairman	-
Ti Fu Investment Co, Ltd.	2,838,647	2.34%	-	-	-	-	Qi Min Investment Corporation	Same Chairman of the Board of Directors	-
							Tyc Brother Industrial Co, Ltd.	Substantive related party	-
Representative: Wu Chun-Chi	885,429	0.73%	11,000	0.01%	-	-	Ti Fu Investment Co, Ltd.	Chairman	-
							Qi Min Investment Corporation	Chairman
							Tyc Brother Industrial Co, Ltd.	Chun-Chi Wu is a Director of Tyc Brother Industrial Co, Ltd.
Unikey Electronics Co., Ltd.	1,805,254	1.49%	-	-	-	-	Chicony Electronics	Substantive related party	-
Representative: Lu Chin-Tsung	-	-	-	-	-	-	Chicony Electronics	Chin-Tsung Lu is a Director of Chicony Electronics	-

Name	Number of shares held		Shareholding of Spouses and Minor Children		Total number of shares held in the name of others		Names and relationships between the top ten shareholders including spouses and second degree of kinship.		Remark
	Number of shares	Shareholding ratio (%)	Number of shares	Shareholding ratio (%)	Number of shares	Shareholding ratio (%)	Name (or name)	Relationship
							Unikey Electronics Co., Ltd.	Chairman	-
Ying-Fu Chang	1,220,840	1.01%	Information is unavailable				-	-	-
Tyc Brother Industrial Co, Ltd.	970,538	0.80%	-	-	-	-	Qi Min Investment Corporation	Substantive related party	-
							Ti Fu Investment Co, Ltd.	Substantive related party
Representative: Wu Kuo-Chen	-	-	-	-	-	-	Tyc Brother Industrial Co, Ltd.	Chairman	-
							Qi Min Investment Corporation	Kuo-Chen Wu is a Director of Qi Min Investment Corporation
Chun-Chi Wu	885,429	0.73%	11,000	0.01%	-	-	Qi Min Investment Corporation	Chun-Chi Wu is the Chairman of Qi Min Investment Corporation
							Ti Fu Investment Co, Ltd.	Jun-Ji Wu is the Chairman of Dyi Fu Investment Share Co., Ltd.

Name	Number of shares held		Shareholding of Spouses and Minor Children		Total number of shares held in the name of others		Names and relationships between the top ten shareholders including spouses and second degree of kinship.		Remark
	Number of shares	Shareholding ratio (%)	Number of shares	Shareholding ratio (%)	Number of shares	Shareholding ratio (%)	Name (or name)	Relationship
							Tyc Brother Industrial Co, Ltd.	Chun-Chi Wu is a Director of Tyc Brother Industrial Co, Ltd.
Laster Tech Co., Ltd. (Treasury shares)	750,000	0.62%	-	-	-	-	Mei-Hsiu Liu	Mei-Hsiu Liu is the Chairman of Laster Tech Co., Ltd.	-
-	-	-	-	-	-	-	Golden Sunflower Investment Co., Ltd.	Same Chairman of the Board of Directors

Note 1: List the top 10 shareholders. If they are corporate shareholders, list the names of the corporate shareholders and their representatives separately.
Note 2: The calculation of the percentage of shareholding refers to the calculation of the percentage of shareholding in the name of the shareholder themselves, spouse, minor children or of another party.
Note 3: The aforementioned shareholders for disclosure shall include corporate shareholders and natural persons, with the relationships between the shareholders disclosed as required by the Criteria for the Compilation of Financial Statements by Securities Issuers.

IX. The number of shares held by the Company, its directors, supervisors, managers, and the companies directly or indirectly controlled by the Company in the same investee, and its consolidated shareholding ratio:

Total shareholding ratio
December 31, 2025; Unit: thousand shares

Investment business (Note 1)	The Company’s investment	Investment by directors, supervisors, managers and any companies controlled either directly or indirectly by the company	Comprehensive investment

	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio	Number of shares	Shareholding ratio
Laster International (Samoa) Co., Ltd.	41,035	100%	-	-	41,035	100%
Windlux International Co., Ltd.	3,000	100%	-	-	3,000	100%
Laster Tech Automotive (America) Incorporated	10	100%	-	-	10	100%
LASTER TECH AUTOMOTIVE MEXICO INC, S.A .DE C.V.	3,000	100%	-	-	3,000	100%
Laster Overseas (Samoa) Co., Ltd.	-	-	9,836	100%	9,836	100%
Laster Forever, (Samoa) Co., Ltd.	-	-	20,803	100%	20,803	100%
Super Continental Ltd.	-	-	5,654	100%	5,654	100%
Excitement Holding Co., Ltd.	-	-	3,707	100%	3,707	100%
Laster Tech Electronics (Dongguan) Co., Ltd.	-	-	Note 2	100%	Note 2	100%
Laster Tech Automotive (Shanghai) Co., Ltd.	-	-	Note 2	100%	Note 2	100%
Li San (Shanghai) International Trade Ltd.	-	-	Note 2	100%	Note 2	100%
Laster Tech Opto (Shenzhen) Co., Ltd.	-	-	Note 2	100%	Note 2	100%
Ang Ran Technology Co., Ltd.	-	-	1,800	100%	1,800	100%
Laster Tech (Thailand) Co., Ltd.	-	-	1,200	100%	1,200	100%
Happy Power Corp.	1,000	100%	-	-	1,000	100%
SWEEO TECHNOLOGY CO., LTD	-	-	10 (Note 3)	100% (Note 3)	10 (Note 3)	100% (Note 3)

Note 1: Investment accounted for using the equity method.
Note 2: Number of shares not available as it is a limited company.
Note 3: Due to local regulations, 5,100 shares (i.e. shareholding ratio of 51%) were held in the name of Thai natural persons.

Three. Fundraising Status

I. Company capital and shares

(I) Source of capital stock

Source of capital stock

March 31, 2026 Unit: shares; NTD

Year/Month	Issue price	Authorized capital stock		Paid-up capital		Remark
		Number of shares	Amount	Number of shares	Amount	Source of capital stock	Offset by any property other than cash	Other
1999.08	10	50,000	500,000	50,000	500,000	Investment establishment	None	Approved by Jing-Zhong-Zi No.088673546 dated August 27, 1999
2001.08	10	200,000	2,000,000	200,000	2,000,000	Capital increase in cash of NTD1,500,000	None	Approved by Jing-Zhong-Zi No.0903264119 dated August 15, 2001
2002.06	10	5,000,000	50,000,000	5,000,000	50,000,000	Capital increase in cash of NTD48,000,000	None	Approved by Jing-Shou-Zhong-Zi No.09132253910 dated June 14, 2002
2002.12	10	25,000,000	250,000,000	10,000,000	100,000,000	Capital increase in cash of NTD50,000,000	None	Approved by Jing-Shou-Xhang-Zi No.09101522300 dated December 30, 2002
2003.07	10	25,000,000	250,000,000	20,600,000	206,000,000	Capital increase by NTD70,000,000 in cash & capital increase by earnings of NTD36,000,000	None	Approved by Jing-Shou-Zhong-Zi No.09232379230 dated July 21, 2003
2004.09	10	48,000,000	480,000,000	26,234,000	262,340,000	Capital increase by earnings of NTD42,228,000 & capital increase by capital reserve of NTD14,112,000	None	Approved by Jing-Shou-Zhong-Zi No.09332724890 dated September 20, 2004
2005.10	10	48,000,000	480,000,000	28,454,592	284,545,920	Capital increase by earnings of NTD22,205,920	None	Approved by Jing-Shou-Zhong-Zi No.09432946200 dated October 11, 2005
2006.10	10	48,000,000	480,000,000	32,454,592	324,545,920	Privately raised capital in cash of NTD40,000,000	None	Approved by Jing-Shou-Zhong-Zi No.09533002930 dated October 19, 2006
2007.06	10	48,000,000	480,000,000	31,454,592	314,545,920	Cancellation of treasury stock of	None	Approved by Jing-Shou-Zhong-Zi

						NTD10,000,000		No.09632205030 dated June 6, 2007
2007.09	10	48,000,000	480,000,000	34,454,592	344,545,920	Privately raised capital in cash of NTD30,000,000	None	Approved by Jing-Shou-Zhong-Zi No.09632717020 dated September 6, 2007
2008.03	10	48,000,000	480,000,000	42,954,592	429,545,920	Capital increase in cash of NTD85,000,000	None	Approved by Jing-Shou-Zhong-Zi No.09731900840 dated March 19, 2008
2008.07	10	90,000,000	900,000,000	42,954,592	429,545,920	Authorized share capital increase	None	Approved by Jing-Shou-Zhong-Zi No.09732639430 dated July 14, 2008
2011.05	10	90,000,000	900,000,000	47,500,000	475,000,000	Capital increase in cash of NTD45,454,080	None	Approved by Bei-Fu-Jing-Den-Zi No.1005027656 dated May 17, 2011
2012.03	10	90,000,000	900,000,000	49,200,000	492,000,000	Capital increase in cash of NTD17,000,000	None	Approved by Bei-Fu-Jing-Den-Zi No.1015012426 dated March 6, 2012
2012.09	10	90,000,000	900,000,000	50,184,000	501,840,000	Capital increase by earnings of NTD9,840,000	None	Approved by Bei-Fu-Jing-Den-Zi No.1015053337 dated September 4, 2012
2014.01	10	90,000,000	900,000,000	55,184,000	551,840,000	Capital increase in cash of NTD50,000,000	None	Approved by Jing-Shou-Xhang-Zi No.10301023550 dated February 17, 2014
2015.12	10	90,000,000	900,000,000	60,184,000	601,840,000	Capital increase in cash of NTD50,000,000	None	Approved by Jing-Shou-Xhang-Zi No.10501007560 dated January 13, 2016
2016.12	10	90,000,000	900,000,000	68,284,000	682,840,000	Capital increase in cash of NTD81,000,000	None	Approved by Jing-Shou-Xhang-Zi No.10601007820 dated January 18, 2017
2019.03	10	150,000,000	1,500,000,000	75,784,000	757,840,000	Capital increase in cash of NTD75,000,000	None	Approved by Jing-Shou-Xhang-Zi No.10801039550 dated April 16, 2019
2020.11	10	150,000,000	1,500,000,000	80,160,444	801,604,440	Corporate bond conversion NTD43,764,440	None	Approved by Jing-Shou-Xhang-Zi No.10901223290 dated December 1, 2020
2021.03	10	150,000,000	1,500,000,000	91,530,881	915,308,810	Capital increase in cash of	None	Approved by Jing-Shou-Xhang-Zi
						NTD10,000,000

						NTD70,000,000		No.11001058430 dated April 6, 2021
						Corporate bond conversion by NTD43,704,370	None
2021.05	10	150,000,000	1,500,000,000	92,419,770	924,197,700	Corporate bond conversion by NTD8,888,890	None	Approved by Jing-Shou-Xhang-Zi No.11001092990 dated May 26, 2021
2021.08	10	150,000,000	1,500,000,000	96,504,286	965,042,860	Corporate bond conversion by NTD40,845,160	None	Approved by Jing-Shou-Xhang-Zi No.11001171660 dated September 29, 2021
2021.11	10	150,000,000	1,500,000,000	96,531,500	965,315,000	Corporate bond conversion by NTD272,140	None	Approved by Jing-Shou-Xhang-Zi No.11001220100 dated December 14, 2021
2022.04	10	150,000,000	1,500,000,000	106,637,817	1,066,378,170	Capital increase in cash of NTD100,000,000	None	Approved by Jing-Shou-Xhang-Zi No.11101066480 dated May 3, 2022
						Corporate bond conversion by NTD1,063,170	None
2022.05	10	150,000,000	1,500,000,000	106,665,154	1,066,651,540	Corporate bond conversion by NTD273,370	None	Approved by Jing-Shou-Xhang-Zi No.11101089630 dated June 1, 2022
2023.05	10	150,000,000	1,500,000,000	106,732,554	1,067,325,540	Corporate bond conversion NTD674,000	None	Jing-Shou-Shang-Zi No. 11230091200 approved on May 24, 2023
2023.8	10	150,000,000	1,500,000,000	108,132,753	1,081,327,530	Corporate bond conversion NTD14,001,990	None	Jing-Shou-Shang-Zi No. 11230166730 approved on August 25, 2023
2023.12	10	150,000,000	1,500,000,000	113,521,727	1,135,217,270	Corporate bond conversion NTD53,889,740	None	Jing-Shou-Shang-Zi No. 11230226600 approved on December 8, 2023
2024.4	10	150,000,000	1,500,000,000	114,849,694	1,148,496,940	Corporate bond conversion by NTD13,279,670	None	Jing-Shou-Shang-Zi No. 11330046020 approved on April 2, 2024
2024.6	10	150,000,000	1,500,000,000	115,159,020	1,151,590,200	Corporate bond conversion by NTD3,093,260	None	Approved on June 5, 2024 under Jing-Shou-Shang-Zi No. 11330087460
2025.2	10	150,000,000	1,500,000,000	121,159,020	1,211,590,200	Capital increase in cash of NTD60,000,000	None	Approved on February 14, 2025 under Jing-Shou-Shang-Zi No. 11430011760
2025.5	10	150,000,000	1,500,000,000	121,228,352	1,212,283,520	Corporate bond	None	Approved on May
						conversion by NTD1,228,000		2025
						NTD1,228,000		2025

Type of shares

March 31, 2026; Unit: Shares

Type of shares	Authorized capital stock			Remark
	Outstanding shares	Unissued shares	Total
Common shares	121,228,352	28,771,648	150,000,000

Shelf registration method information: Not applicable.

(II) List of major shareholders (shareholders holding 5% or more of the shares or names, numbers of shareholding and ratio of the top 10 shareholders)

April 24, 2026; Unit: Shares

Shares Names of major shareholders	Number of shares held	Shareholding ratio (%)
Qi Min Investment Corporation	5,677,504	4.68%
Chicony Electronics	5,465,688	4.51%
Mei-Hsiu Liu	4,716,225	3.89%
Golden Sunflower Investment Co., Ltd.	4,360,774	3.60%
Ti Fu Investment Co, Ltd.	2,838,647	2.34%
Unikey Electronics Co., Ltd.	1,805,254	1.49%
Ying-Fu Chang	1,220,840	1.01%
Tyc Brother Industrial Co, Ltd.	970,538	0.80%
Chun-Chi Wu	885,429	0.73%
Laster Tech Co., Ltd. (Treasury shares)	750,000	0.62%

(III) The Company's dividend policy and implementation status

Dividend policy in the Articles of Incorporation

According to the Company’s current Articles of Incorporation, the Company’s dividend policy is correspondent to the Company profitability, capital structure and future operational needs. Not less than 12% of distributable earnings will be paid to shareholders each year; however, earnings will not be distributed if the accumulated distributable earnings are lower than 20% of the Company’s paid-in capital. The payment principle of dividends to shareholders is subject to a balanced dividend policy of stock dividends and cash dividends, with the distribution ratio of cash dividends not less than 10% of the total dividends to be distributed to shareholders.

Proposed distribution of dividends at the shareholders’ meeting:

Laster Tech Co., Ltd.
Earnings Distribution Table
2025

Unit: In New Taiwan Dollars

	Amount
Undistributed earnings at beginning of period	455,564,607
Net income after tax	13,173,005
Remeasurement of the defined benefit plan recognized in retained earnings	623,815
Appropriation of legal reserve (10%)	(1,379,682)
Reversal of special reserve	20,111,378
Distributable earnings of the current period	488,093,123
Distribution item
Shareholder dividends - cash dividends of NTD 0.11	(13,252,619)
Undistributed earnings at the end of the period	474,840,504

Chairman: Mei-Hsiu Liu
Manager: Liu Mei-Shiu
Chief Accounting Officer: Li Yun-Chen

(IV) The effect of the proposed gratis allotment on the Company's operating performance and earnings per share at this AGM: Not applicable.

(V) Remuneration to employees and directors

The percentage or range of remuneration to employees and directors as set forth in the Company's Articles of Incorporation:

The Company shall set aside 5% to 15% of the annual profit (profit is gains before tax deducting gains before remuneration to employees and directors before tax deduction of employee compensation and directors' remuneration), if any, as remuneration to employees and not more than 3% as remuneration to directors. However, earnings shall

first be used to make up accumulated losses (including the adjustment of undistributed earnings), if any.

No less than 30% of the employee remuneration amount referred to in the preceding paragraph shall be allocated as remuneration to grassroots employees. The remuneration of employees may be distributed in the form of shares or in cash. The employees entitled to receive the shares or cash may be employees of parents or subsidiaries of the company meeting certain requirements which shall be authorized to be specified by the Board of Directors.

The directors' remuneration in Paragraph 1 may only be paid in cash.

The preceding two paragraphs shall be resolved by the Board of Directors and reported to the AGM.

The accounting treatment of the difference between the basis for estimating the amount of employee and directors' compensation, the basis for calculating the number of shares to be distributed as employees' compensation, and the actual amount paid in the current period:

The Company contributes 5% to 15% and no more than 3% of the profit before tax to employees and directors, respectively. For 2025, remuneration to employees of NTD 776 thousand and remuneration to directors of NTD 466 thousand were estimated, representing 5% and 3%, respectively, of profit before tax on the aforementioned basis. Such amounts were resolved by the Board of Directors on March 13, 2026.

Where there is still a change in the amount after the publication date of the parent company only financial report, the change is treated as a change in accounting estimate and recorded in the following year.

The distribution of remuneration approved by the Board of Directors:

(1) The Company's Board of Directors resolved on March 13, 2026 to distribute cash remuneration of NTD 776 thousand to employees and remuneration of NTD 466 thousand to directors. There is no difference between the employee remuneration and directors' remuneration distributed as resolved by the aforementioned Board of Directors and the employee remuneration and directors' remuneration estimated in the 2025 Parent Company Only Financial Statements.

(2) The amount of remuneration to employees distributed in stock and the ratio to the net income after tax in the parent company only or individual financial reports for the current period and the ratio of the total remuneration to employees: Not applicable.

The actual distribution of employee remuneration and directors' remuneration for the previous year (2024) (including the number of shares distributed, amount, and share price), and where there is any difference from the recognized employee remuneration and directors' remuneration, the amount of difference, reason, and treatment thereof shall also be specified: the Company resolved by the Board of Directors to distribute employee remuneration of NTD 15,869 thousand and directors' remuneration of NTD 3,174 thousand for 2024, with no difference from the employee remuneration and directors' remuneration recognized in the 2024 Parent Company Only Financial Statements.

(VI) Status of the company repurchasing its own shares: (completed)

April 24, 2026

Repurchase tranche	1st time in 2025
Purpose of buying back	Transfer shares to employees
Buyback period	2025/04/10~2025/06/06
Repurchase price range	NTD 20.00~40.00
Class and quantity of shares repurchased	750,000
Amount of shares repurchased	20,121,956
Ratio of shares repurchased to the planned number of shares to be repurchased (%)	15%
Number of shares cancelled and transferred	0
Cumulative number of shares held by the Company	750,000
Ratio of cumulative number of shares held by the Company to total number of issued shares (%)	0.62

II. Issuance of corporate bonds:

(I) Status of corporate bonds

Type of corporate bonds	Sixth domestic unsecured convertible bonds
Date of issuance	2024/11/27
Face value	NTD100,000
Issuance and trading location	Taiwan
Issue price	Issued at 100% face value
Total value	NTD300,000,000
Interest rate	Coupon rate 0%
Period	3-year term, maturity date: 2027/11/27
Guarantee agency	None
Trustee	Trust Department of SinoPac Bank
Underwriter	SinoPac Securities Corporation
Certified attorney	Not applicable
CPA	Not applicable
Repayment method	Repayment in cash at maturity, except for bond conversion, exercise of the right of sale of bonds of the holder, or early redemption, repurchase or cancellation by the Company.
Outstanding principal	NTD 300,000,000 (as of 2026.3.31)
Terms of redemption or early settlement	Please refer to Articles 18 and 19 of the

		Company's “Issuance and Conversion Rules for 6th Domestic Unsecured Convertible Bonds”
Restricted terms		None
Name of credit rating institution, the date of the rating, and the credit rating results		Not applicable
Other rights attached	Amount of common shares, overseas depositary receipts or other marketable securities converted (exchanged or subscribed) as of the publication date of the annual report	The amount of the 6th Domestic Unsecured Convertible Bonds converted into common shares was NTD 0
	Issuance and conversion (exchange or subscription) rules	Please refer to the Company's “Issuance and Conversion Rules for 6th Domestic Unsecured Convertible Bonds”
Possible dilution conditions and influence on shareholders' interests caused by the terms of issuance, and the monetary amount already converted, exchanged, or subscribed		Please refer to page 70 of the prospectus for the Company's 6th issue of domestic unsecured convertible bonds.
Name of the custodian for the exchange of the subject		None

(II) Information on convertible corporate bonds

Type of corporate bonds		6th Domestic Unsecured Convertible Bonds
Year Item		2024	2025	For the current year up to April 30, 2026
Bond exchange to market price company	Highest	NTD104.70	NTD102.40	NTD97.90
	Lowest	NTD100.00	NTD93.55	NTD95.20
	Average	NTD102.92	NTD97.55	NTD96.39
Conversion price		NTD38.80	NTD38.50(Note 1)	NTD38.50 (Note 1)
Issuance date and conversion price at issuance		Date of issue: November 27, 2024 Conversion price at issuance: NTD 38.80	Date of issue: November 27, 2024 Conversion price at issuance: NTD 38.80	Date of issue: November 27, 2024 Conversion price at issuance: NTD 38.80
Conversion performance method		Issuance of new shares	Issuance of new shares	Issuance of new shares

Note 1: Due to the ex-dividend cash dividend distribution, the conversion price was adjusted to NTD 38.50 from January 16, 2025.

(III) Information on exchangeable corporate bonds: None.
(IV) Issuance of corporate bonds with the self-registration method: None.
(V) Information of corporate bonds with warrants: None.

III. Disclosure of preferred shares: None.
IV. Issuance of overseas depository receipts: None.
V. Issuance of employee stock warrants: None
VI. Issuance of restricted employee shares: None
VII. Issuance of new shares for merger, acquisition or transfer of shares of other companies: None.
VIII. Implementation of the Capital Utilization Plan: None.

Four. Operational Overview

I. Description of the business

(I) Scope of business

Main contents of the business

(1) Sales of LED chips and components.
(2) Assembly and sales of LED vehicle lighting related products.
(3) Assembly and sales of LED street lighting related products.

Business weighting of major products

Unit: NTD thousand

| Year
Product type | 2024 | | 2025 | |
| --- | --- | --- | --- | --- |
| | Operating revenue | Ratio (%) | Operating revenue | Ratio (%) |
| LED automotive lighting modules | 5,806,453 | 62.19 | 5,504,581 | 64.44 |
| LED chips and components | 44,498 | 0.48 | 29,883 | 0.32 |
| Vehicle lamp controller | 3,455,927 | 37.01 | 2,931,387 | 34.31 |
| Other | 29,576 | 0.32 | 79,565 | 0.93 |
| Total | 9,336,454 | 100.00 | 8,542,795 | 100.00 |

Current products and their applications

(1) LED automotive lighting modules:

Modules of automotive light include headlights, fog lights, daytime running lights, taillights, turn signals, etc. of original cars. Compared with traditional automotive lights, using LED automotive lights have the product characteristics of energy saving and long operating life, which can further improve driving safety. At the same time, the use of LED lights is also in line with the trend of product energy saving and environmental protection. In the future, electric vehicles must use LED automotive lights due to energy saving. For self-driving cars, LED automotive lights and intelligence functions are more needed. It can be an important function to enhance auxiliary vehicle body and marking positioning. The intelligent part will also become a communication tool between cars and cars, and between cars and people.

(2) Trading of LED products:

The "Agency Business Division" of the Company is mainly engaged in the sales

of LED chips of the world's leading LED manufacturers LUMILEDS and OSRAM-OS, and has cooperated with the above-mentioned manufacturers for more than ten years. At present, the LED chips sold by the Company are mainly used in projector backlights, traffic signs and flashlights. The Company also sells its LED automotive taillight components, and actively expands its agency to distribute LED-related products. Product sales increase sales performance through the sales channels that have been deployed.

(3) Intelligent headlamp controllers:

The intelligent headlamp controller is an automotive electronic product used to control the vehicle headlamp system. It can automatically adjust the brightness, mode and direction of the headlamp according to the driver's operation or specific conditions of the vehicle, such as vehicle speed and lighting conditions. It allows drivers to focus on driving, reduce unnecessary operations, and improve driving safety and comfort.

New products under development

(1) Matrix headlights: A new generation of intelligent headlights composed of several high-luminance LEDs, combined with on-board cameras, which can be used in a variety of different driving scenarios, including automatic steering, welcoming, warning, shading and other lighting method.

(2) Function-driven controller: To cope with the increasing number of functions of headlights, the Company is developing a new standard controller that can be installed on all models of the same brand. It benefits from product standardization and can improve production efficiency and enable mass production.

(3) Optimization of heat dissipation: A new generation of LED light sets developed by using new materials to achieve sufficient heat dissipation.

(4) Lightweight products: Reduce the weight of automotive components to achieve the goal of energy saving and carbon reduction. In the future of new energy vehicles, lightweight products will be an important indicator.

(II) An overview of the industry

The current status and development of the industry

(1) Overall market of automobiles:

According to the latest forecasts by S&P Global and Digitimes in 2026, global

light vehicle sales were approximately 91.7 million units in 2025 (an annual growth rate of approximately 3.4%), and are expected to remain flat at around 91.8 million units in 2026. This indicates that the overall market has entered a mature stage of “moderate growth”, and automakers’ competitive focus has shifted from “sales expansion” to “product mix optimization”.

The global consensus on carbon reduction has continued to deepen, and as of 2026, governments have shifted from policy subsidies to stricter emissions regulations. Based on the goals of COP26 and subsequent climate conventions, major global markets (the EU, China, and certain states in the United States) continue to maintain the long-term blueprint of achieving zero-emission new vehicle sales by 2035.

The growth momentum of new energy vehicles has shifted from “policy-driven” to “product-driven”. Leveraging supply chain cost advantages and a high degree of intelligence, Chinese automotive brands have officially taken the leading position in global battery electric vehicle sales. In addition, the pace of electrification in emerging markets such as Southeast Asia has surpassed expectations, becoming a new growth engine for global sales after 2026. The ensuing intelligent and lightweight technologies will be the core drivers of profit growth for component suppliers.

(2) Automotive lighting market:

In the field of automotive lighting, compared with traditional light sources such as incandescent lights, high intensity discharge lamps, and halogen lamps, the light source for LED light has the advantages of energy saving, environmental protection and long service life. It can also greatly reduce fuel consumption and carbon dioxide emissions and increase the durability and stability of the overall lamps; in addition, due to the fast response of the LED, it can be lit immediately to provide a signal to the automotive coming behind, allowing the driver to have a longer response time. The response time improves driving safety and reduces automotive accidents; in addition, LED lights are packaged with flat-chip soft boards, which have the advantage of flexible design. Meanwhile, it can create a wider application field for the automotive light industry. At present, under the background of energy saving and carbon reduction, LED automotive lights have become a new trend in automotive light applications. Because their lifespan is 10 times longer than traditional bulbs, and they have the advantages of energy saving, safety and good design.

Interrelations between up-stream, mid-stream and down-stream of the industry

The Company is a professional designer and manufacturer of LED external light source modules for automobiles, and is in the middle stream of automotive components. Since the original automotive factory released the new automotive model design proposal, the company (tier 2) started to design the automotive light module after obtaining the design

proposal, including the integrated design of optics, mechanism, heat dissipation, and electronics. The Company designs unique automotive light modules from scratch. After rigorous testing, third-party experiments and original factory certification, mass production and shipment can be carried out. The automotive light modules designed by the company are first shipped to the automotive light factory (tier 1) to be assembled into a complete set of lights, and then shipped to the vehicle plants. The original plants (e.g: General Motors, Volkswagen) assemble the whole vehicle, and finally the original vehicle plants conduct the sales, maintenance and after-sales service of the whole vehicle.

Industry structure diagram of the Company

Since automobiles are an industry that highly emphasizes safety performance, the requirements for precision and reliability of key components are relatively higher than other industries. Therefore, downstream plants also have strict certification mechanisms for component suppliers. As a result, the auto components industry has high entry barriers. Once a qualified supplier is selected, it is less likely to change partners easily, thus forming a relatively closed supply chain relationship. The Company has been deeply rooted in the Mainland China region for many years, which having rich experience in production and marketing, having good manufacturing process and production management capabilities, and serving customers who are original automobile manufacturers or well-known automotive light manufacturers. The Company also has passed the certification of TS16949 (International Automobile Quality System Specification), and has become one of the major suppliers in the Chinese automobile market.

3. Development trends of products

Food, clothing, housing, and transportation have been essential factors for people's

98
livelihoods since ancient times. Based on the analysis of the application market inside and outside of automobiles, although the sales volume of automobiles has increased, the penetration rate of LED applications in automobiles continues to increase with the rise of environmental protection and energy conservation awareness. Therefore, overall, the LED automotive application market will exceed the growth rate of automobile sales. At present, the application of interior light sources remains the main market for high-brightness LEDs, while the market for exterior light source applications also shows a significant growth trend due to the still-low market penetration rate. The main growth driver is the substantial increase in the proportion of front daytime running lights.

In terms of supply system analysis, due to the fact that the application of LED in the automotive industry is still in the introduction stage and the level of product standardization is low, which requires joint development by automotive manufacturers and component factories. Therefore, the main suppliers currently are still frontline component factories, and the LED factories they cooperate with are also global frontline suppliers. The operation of Taiwan's LED factories in this market is still relatively low. Overall, the application of high-brightness LEDs in exterior light sources will develop toward a trend of simultaneous growth in application proportion and application fields. In terms of application fields, for high-brightness LED tail lights and turn signals, newly launched vehicle models by various automakers have successively adopted LED tail light assembly designs, and LED lamp assemblies are expected to become standard vehicle equipment in the near future.

Front end lighting is divided into two major parts: headlights and daytime running lights. Due to safety factors, the European Union plans to fully use daytime running lights for vehicles, requiring EU vehicles to also turn on daytime running lights (non vehicle headlights). Currently, all newly produced small cars and light trucks in Europe have already used daytime running lights. Although there is no legal requirement for mandatory installation in the mainland market, this trend has significantly increased the demand for daytime running lights in the market. The Company is a professional manufacturer and designer of LED lighting modules for automobiles. Currently, we design and produce LED taillight modules, daytime running light modules, and other original automotive products.

Automotive LED headlights are star products for future market development, with business opportunities in the high-technology, high-unit-price market and the vast potential mid-priced automotive market. Because any mature technology is likely to

become a red ocean battlefield for enterprise competition in the end, the result of micro profit is that each company compares strategies for operation, sales, and cost reduction. The high-tech bottleneck of automotive LED headlights brings high product added value, creating a new blue ocean for the future automotive light market. The three major factors for the mass production of LED headlights are improvements in the performance of high-power LED modules, the performance of LED heat dissipation devices, and automotive lighting optical design.

4. Competition of products

The Company has been involved in the automotive light market in mainland China for more than ten years. In the early years, the external light sources of cars in mainland China were dominated by traditional automotive lights, and the utilization rate of LED automotive light was greatly low. At that time, the company passed many professional certifications (such as TS16949). At present, the Company has successfully entered the original automotive supply chain, and has won high trust from customers through multiple efforts in research, development, manufacturing and quality control. Although there are competitors at present, due to the high quality of our products and the conservative and closed industrial characteristics of the automotive supply chain, our automotive light products still maintain a leading position, effectively avoiding the threat of vicious competition in the market.

(III) Technology and R&D overview

1. Technology level and research development

The Company started establishing a research and development team in 2004, continuously investing in advanced testing instruments and simulation software to improve product design capabilities and strive for diversified product functions.

The Company’s research and development organizational structure adopts professional division of labor management, with a lighting division set up, mainly responsible for the design, sample submission, research, development planning and execution of new lighting products and technologies, and the development and verification of market demand products; In addition, Laster Shanghai Tech Co., Ltd. has set up a research and development office for automotive light, which is responsible for the research and development of LED automotive light, including circuit design, structural design, and process optimization. The manufacturing process also tends to become more

complex with the increasing functionality of the product; The early LED automotive light module mainly used plug-in manufacturing process. Afterwards, the process evolved to use FPCB and SMT processes. The products produced have gradually upgraded from flat to 3D three-dimensional shapes. The Company developed daytime running light products in 2010, and in 2014, we also added a sequential steering function to the directional light module, greatly improving the recognition of the directional lights. In 2015, with the rapid development of automotive technology, there were more and more electronic devices loaded on cars, which greatly increased the complexity of automotive electronic systems. The Company also introduced the automotive communication network system (CAN bus/LIN) to the automotive light module, which can communicate with the driving computer. At the same time, we have successfully developed relevant intelligent headlight products, and in the future, there will be more intelligent functions applied to the automotive light.

Annual R&D expenses invested in 2025 and up to Q1 2026

Unit: NTD thousand

	2025	As of 2026.03.31
R&D expenses	339,205	94,913

Technology or products successfully developed in the past 5 years

Year	R&D results	Description
2021	Cannabis plant lamp (for Thailand market).	1. Full-spectrum design, suitable for the growth of all plants 2. Photosynthetic efficacy of up to 2.3-3.0 μmole/J, with high luminous efficiency and greater power savings 3. Maintenance-free, reducing usage costs 4. Long lifespan, with a 5-year warranty for the entire lamp 5. Waterproof rating: IP65
2022	New type of bendable FR4 LED module	1. LED module with flexible structure. 2. Increase the fatigue life of circuit boards and effectively reduce material loss.
	Automated dispensing assembly line and hot melt LED module	1. Integrated device for automatic dispensing of automotive light. 2. Hot rivet cooling device for automotive light. 3. Pulse heating and rapid cooling hot melt riveting technology.
	LED module using Feasa to test product wavelength	1. Feasa is a measurement system for functional testing applications, accurately reflecting LED colors in different color spaces. 2. Fast moving assembly mechanism: automatic assembly is adopted, through the mutual cooperation of assembly fixture and moving adjusting parts. 3. Online ICT optical inspection technology: It can reflect the production status in time, which is conducive to process improvement and upgrade.

Year	R&D results	Description
	LED module with selective welding and burning process	1 · Selective wave soldering technology: wave soldering replaces manual welding, reduces welding defects, improves product quality, and controls costs. 2 · Fully automatic burning technology: Through software programming, the burning light box is used to complete the burning operation, improving production efficiency and saving labor costs.
	Techniques for recording Press Fit force displacement curves	1 · Press Fit is energy-saving and emission reducing, with energy consumption only 1/5 of welding, low power, only 4-6 KW, and welding equipment of 30-40KW. It is pollution-free, free of welding gas and welding residue. 2 · Use a needle insertion machine to insert needles, and compare the real-time collected curve with the set standard curve to achieve real-time automatic monitoring of quality during the insertion process. 3 · Appearance positioning PIN pin position accuracy fixture: By using a high-speed camera to solve PIN pin position accuracy defects, it ensures the production quality of the circuit board and improves the product qualification rate.
	LED module for surface light source animation control	1 · Surface light animation control technology. 2 · The dynamic projection technology applied to automotive light can reduce the complexity of the projection module and also save costs. 3 · Mini LED light source embedded backlight module.
2023	Multi-chip programmed LED modules	1 · Multiple LED chips are integrated in an orderly manner to realize the power supply and control of the LED. 2 · The equipment is used to evenly apply thermal adhesive instead of manual work, which improves production efficiency and saves labor costs. 3 · The LED module electrical performance automated tester is more reliable and accurate than manual inspection results, while also improving the level of informatization and automation in the testing process.
	Double-sided hot-melt LED modules	1 · Double-sided thermal melting technology: Real-time monitoring, self-diagnosis and error alarm function. 2 · Automatic gripping technology: Reducing the manual pallet loading method and realizing automatic gripping, saving labor costs and improving production efficiency by about 10%. 3 · Rapid detection technology of PIN needle position alignment: High-efficiency detection can be realized and production efficiency can be effectively improved.
	LED module with EOL test	1 · With EOL testing technology: No manual intervention is required in the process, and fully automated testing can be realized. 2. Use the desktop ion dust blowing equipment to directly blow the ion wind through the air pressure to achieve the dust removal effect. 3. In-line shielding box technology: It is easy to install and disassemble, and achieves electromagnetic interference shielding.
	LED module with double-jump blinking water effect	1 · Steering priority technology: When the double-beating flashing hazard warning lamp is activated, if the turn signal lamp is toggled, it will change to steering priority

Year	R&D results	Description
		and light up the water steering effect on the corresponding side, which can meet the requirements of the national standards. 2 · Technical control of running water turn signal: It can be controlled to turn on or off one by one, and produce a dynamic steering effect of "comet tail" at the preset 10ms. 3 · LED vehicle lamp drive module and control method: Increase the thermal sharing resistance, allocate the LED driver power, and reduce the number of LED drivers, which can reduce the cost by about 5% without reducing the performance standard.
	Grille light LED module with left and right penetration	1 · The grille light LED module with left and right penetration: It increases the layering and aesthetics of the light, and at the same time disperses the illumination range of the light, making the light softer and more comfortable. 2 · Automatic pressing and stabilizing technology for screwing: The pressed product is controlled mechanically to reduce the labor load. 3. Small and multi-purpose sealant application equipment technology for more convenient operation.
2024	Reflector bowl headlamp LED module integrating assembly and testing	1 · Assembly and testing integration technology: streamlining the production process, significantly shortening the production cycle, avoiding quality issues caused by process transfer, and improving efficiency. 2 · Improved screw cap pressing fixture: improving the automation of screw cap pressing, reducing material consumption and wear rate, extending fixture service life, reducing man-hours, and lowering production costs. 3 · QR code first-piece inspection platform: through high-precision image recognition technology, ensuring accurate QR code parsing. Supports multiple QR code formats, with a high degree of automation, convenient operation, and reduced manual intervention.
	LED module with ambient lighting	1 · LED module with ambient lighting: making vehicles appear more high-tech and modern, and making the in-vehicle experience more ceremonial. Through different presentation forms, improving vehicle recognizability and demonstrating its unique character. In addition, it can also enhance the vehicle's overall sense of quality, making the exterior more luxurious and sporty. 2 · Reel scanning and labeling technology: realizing intelligent control of automatic identification of electronic materials, automatic labeling, and automatic photographing, avoiding label waste caused by inaccurate manual operation, reducing labor costs, and shortening the production cycle. 3 · Automatic wiring harness tape wrapping technology: machine wrapping provides uniform force and better adhesion, reduces reliance on manual labor, lowers labor costs, and enables long periods of continuous operation, thereby improving production efficiency.
	LED module with pixel headlights	1 · LED module with pixel headlights: capable of intelligent dynamic pixel adjustment, with each pixel independently controlled to dynamically adjust light distribution and
		them, reducing the cost by about 5%, and reducing the cost by about 10% without reducing the performance standard.

Year	R&D results	Description
		intensity according to different road conditions and driving needs. High pixel density enables more precise lighting control. 2 · Electronic material sorting technology: automatically identifying label information of electronic materials, automatically classifying materials of the same type and same cycle into one category, and automatically generating receiving notes, thereby improving work efficiency and the accuracy of receiving operations. 3 · Remote error-proof alarm: the MES system sends instructions to the control box through the network to control the closing and opening of relay outputs, thereby remotely triggering or turning off alarm signals. Compact size, simple structure, low cost, and stable operation.
	LED module with single-board automation process	1 · Single-board automation process: solder paste printing, SPI inspection, SMT placement, reflow soldering, AOI inspection, EOL testing, packaging and other workstations are all completed on the automated line, eliminating the depaneling workstation and reducing the number of personnel required for production line configuration. 2 · Online board loading equipment: simple and stable structure, suitable for various PCB products, easy to operate, and achieves high positioning accuracy in pick-and-place motion through a 4-axis robotic arm and vacuum cup fixtures, thereby improving production efficiency. 3 · Bracket technology for a scraper inspection device adaptable to multiple types of scrapers: employees inspect blade wear on the back of the scraper by using the lighting and the reflected light from the marble base. At the same time, a push-pull force gauge is observed to determine the downward pressure applied to the scraper, ensuring that the force on the scraper remains within a safe range. The structure is simple and easy to operate, thereby improving production efficiency and product quality.
	RGB ambient lighting LED module controlled by chip programming	1 · LED module with RGB ambient lighting: creates different ambient lighting effects, enhances driving pleasure, and achieves a true integration of personalization and intelligence. 2 · Small high-speed chip inserter: achieves automation, high-speed processing, damage-free separation, defect monitoring, and seamless connection with the production line, thereby improving the degree of automation and efficiency of the production line. 3 · Automatic reverse brushing, programming and labeling equipment: through a simple conveyor belt and slide rail structure, simultaneous programming and relabeling of products on the same station are achieved, improving overall product quality, reducing manual operations, and lowering labor intensity.
2025	LED module for an integrated uniform full-width front position lamp	1 · Integrated full-width structure integration technology: integrates the light guide component, lamp housing, PCB and sealing structure into a single module, reducing components by more than 20%, shortening assembly time by 15%, shortening the R&D cycle by 10%, and providing a more stable structure.

Year	R&D results	Description
		2、Uniform front position lamp LED module technology: adopts a multi-zone light source and light-uniformity optical design to achieve a luminance deviation along the lamp length direction of ≤3%, with uniform and smooth lighting, enhancing lamp aesthetics and visual comfort.
3、Liquid level reduction alarm device technology: alarm response time of ≤3 seconds, supports audible and visual alarms and remote signal transmission, and features compact size, accurate measurement, low cost, high stability and strong practicality.
	LED module with domestically produced integrated circuits	1、Automatic code-scanning and labeling equipment: adopts advanced code-scanning recognition and mechanical labeling devices to automatically complete product labeling, increasing production efficiency by approximately 10%, improving labeling accuracy, and saving labor costs.
2、Domestically produced integrated circuit technology: replaces imported components with domestically produced alternatives, strengthens delivery lead time assurance, reduces product costs by approximately 30%, raises the localization rate to more than 20%, and meets domestic industry and market demand.
3、Domestically produced production equipment technology: adopts independent R&D using domestically produced components, drives coordinated development of upstream and downstream industries, enhances the overall profitability of the industry, and reduces equipment and maintenance costs by at least 30%.
	LED module with cybersecurity driver design	1、Cybersecurity driver hardware protection and access control technology: adopts automotive-grade security chips and dedicated cybersecurity modules, with anti-tampering, anti-cracking and electromagnetic interference resistance capabilities, achieving high-strength encryption protection and ensuring that the LED module driver hardware is not tampered with or illegally accessed. Supports operation by different access levels, rapid verification and periodic key updates, retains operation records for at least 3 months, and provides real-time alerts for abnormal access.
2、Lightweight encrypted transmission adaptation technology: lightweight, secure and highly versatile, adaptable to circuits and voltages of multiple vehicle models, and automatically encrypts lighting control signals to prevent signal tampering or interference. Compatible with multiple in-vehicle communication routes, with no need for customization for each vehicle model, reducing automaker hardware costs by 20%-30% and labor costs by 40%.
3、Printed circuit board dust removal equipment technology: achieves efficient dust removal through a hopper and dust-collection fan, removes more than 99% of 0.3 μm dust and more than 95% of fine dust, saves more than 70% of labor costs, reduces board loss, is easy to maintain, and can reduce overall related costs by 30%-50%.
	LED module with PCB using	1、LED module with PCB using insulating heat-dissipation

Year	R&D results	Description
	insulating heat-dissipation ink	ink: achieves an integrated insulation and heat dissipation design through insulating heat-dissipation ink, combining efficient heat dissipation, insulation safety and environmental adaptability, while reducing size and extending service life. Interface thermal resistance is reduced by 30%~60%, and overall cost is reduced by approximately 30%.
2、Turnover conveying equipment: features precise control, stable structure and comprehensive protection, achieves integrated automated conveying and turnover of materials, adapts to multiple weights and operating conditions, improves production line stability and accuracy, and increases the overall transfer efficiency of the production line by 30%~50%.
3、Handheld multi-head painting device: achieves efficient and uniform painting through multi-head combinations with precise control, is lightweight to operate and well protected, and is suitable for operations in multiple scenarios. Equipment cost is low, paint can be saved and rework reduced, painting efficiency is increased by 2~5 times, and the overall cost of batch operations is reduced by more than 30%.
	LED module for ECU door control with safety anti-pinch function	1、Multiple safety anti-pinch technology: provides a highly reliable safety anti-pinch function, whereby doors, windows and power-operated doors can automatically stop or reverse movement when encountering an obstacle. Adopts a current detection algorithm together with Hall sensors; high-end systems are equipped with triple anti-pinch or radar prediction functions, together with a comprehensive chip protection mechanism, to enhance system stability and reduce after-sales and warranty costs.
2、ECU module control technology: adopts a vehicle door ECU architecture of “overall decentralization with partial centralization”, integrating front and rear door control on the same side into a single module, and communicating with the central controller through the CAN bus, with simplified wiring and moderate cost. The core MCU process continues to be upgraded, enabling the integration of more functions, reducing external components and PCB area, and effectively lowering the overall system cost.
3、Robotic arm automatic loading technology: suitable for tray-loaded materials, stores multiple trays of materials through a cyclic loading assembly, and requires no manual replenishment. Combined with visual recognition and a robotic arm to achieve automatic material picking, material transfer and film sealing, it features a compact structure and easy operation, simplifies the assembly process, and reduces labor costs and the production error rate.
	LED module with a power box providing multiple operating condition modes	1、Automated optical inspection equipment for horizontal connectors: simple structure, suitable for multiple types of products, easy to operate, high inspection accuracy, and production efficiency increased by 3~5 times.
2、Turnover mechanism for double-sided welding: achieves automatic product turnover through a rotary cylinder, turntable and turnover frame, saves costs, improves

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Year	R&D results	Description
		efficiency, and increases double-sided welding efficiency by 40%.
3. Power box multi-operating-condition mode technology: achieves integrated operation for multi-mode testing of LED drive power supplies, enables rapid disassembly and assembly, facilitates testing and maintenance, and saves time costs.

(IV) Long- and short-term business development plans:

The Company will aim to establish a resilient, resilient, and robust corporate structure that can adapt to changes, with a business approach that meets market needs as the prerequisite, and establish a production system with short lead times, low costs, and high quality. At the same time, we will cultivate creative and dynamic talents as the policy, with sustainable operation as the essence, and steadily expand the company’s scale.

Short-term development plans

(1) Marketing strategy:

A. Strive for orders from major manufacturers of auto lamps and export orders, and gradually expand the overseas market.

B. Focus on professional skills and increase the added value of products.

(2) Production strategy:

A. Adjust the production capacity of each business location and diversify risks.

B. Continue to increase the ratio of automated production processes to improve production efficiency.

C. Estimate and control the purchase volume according to the customer's order, and reduce the inventory level of materials preparation.

(3) Product development direction:

A. LED vehicle lamp: The intelligent, lightweight and standardization of vehicle lamp products.

B. Technology development for commercial LED lighting (office or shopping mall).

C. Development of lamps and lanterns for road LED lighting in Thailand and China.

Long-term development plans

(1) Marketing strategy:

A. The Company will establish itself in the global market and introduce its automotive products and markets to Europe and the United States.

B. Continue to develop customer relationship and develop potential customers.

C. Focus on professional skills and increase the added value of products.

(2) Production policy:

A. Continue to optimize the production process and improve production efficiency.

B. Implement quality requirements and improve production yield.

C. Reduce manpower and increase the ratio of automated production to improve product competitiveness.

(3) Product development direction:

A. Continue to develop new products that meet market demand based on core technology.

B. Actively research and develop key technologies to control their autonomy.

C. Cultivate outstanding R&D talents and enhance R&D capabilities.

(4) Scale of operation and financial coordination:

A. Evaluate potential markets and establish overseas bases in response to operational needs.

B. Use the diversified wealth management tools in the capital market to obtain more fund-raising channels to enrich working capital and expand the scale of operation.

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II. Analysis of the market as well as the production and marketing situation:

(I) Market analysis

Sales market of main products:

Unit: NTD thousand

Region	2024		2025
		Revenue	Ratio (%)	Revenue	Ratio (%)
Domestic sales		12,628	0.14	5,475	0.06
Foreign sales	Asia	6,254,937	66.98	5,874,431	68.77
	Europe and Americas	3,070,832	32.88	2,662,889	31.17
Total		9,338,397	100.00	8,542,795	100.00

Market share:

The Company is engaged in designing, manufacturing, and selling LED automotive light modules, mainly selling products such as headlights, taillights, daytime running lights, and third brake automotive lights. Due to the lack of complete and objective market share statistics for LED automotive light module products, it is not possible to accurately rank the Company's position and market share in the industry. However, in terms of the Company's main sales people, the Company's main customers are HASCO Group, Guangzhou Koito and Hella and other mainland vehicle lamp manufacturers. The supply chain system plays an indispensable role. In recent years, the order of this customer has continued to increase, which shows that the Company's products and service quality have been highly recognized by customers, and the Company has occupied a considerable competitive position among the industry.

Future market supply and demand and growth:

(1) Changes in market supply and demand

advantage in cost. Still, it has the opportunity to enter the supply chain of these major automotive light manufacturers.

(2) Possible market demand and growth

With the intelligent development of LED lighting fixtures and the need for multiple certifications in the automotive industry, due to high barriers to entry, in addition to the Company has been in the original automotive supply chain for many years, some major automotive light manufacturers still mainly import LED automotive light modules from European and American manufacturers. The Company is based on the supply chain of locally developed and self-made LED automotive light modules, which has a competitive advantage in cost. Still, it has the opportunity to enter the supply chain of these major automotive light manufacturers. In addition, new energy vehicles will be another new highlight in the automotive market, and in the future, new energy vehicles will fully adopt LED automotive light, indicating the promising growth of the LED lamp market in the future.

Competitive niche

(1) Rich industry experience and assistance to customers in product development

The Company has many years of experience in the development of LED-related products and entered the field of LED automotive lamp module development as early as 2004. The Company has conducted in-depth research in various technical areas, including optics, electronics, mechanisms and engineering. The principal R&D personnel and management have accumulated extensive development experience in the LED automotive lighting industry and have a thorough grasp of market demand. In recent years, the application of intelligent automotive light products has become increasingly widespread. The Company has invested a large number of software talents in response to the research and design of intelligent automotive light products, enabling us to establish a leading position in the industry with our research and development advantages. We also design products and develop LED automotive lights in accordance with customer needs, and our strong research and development capabilities provide great assistance in winning customer's orders.

(2) Robust quality system with strict customer certification

Due to the high quality and precision requirements of automotive lighting system related components, automotive light manufacturers often require stricter standards and

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longer time for product certification of upstream component suppliers, resulting in high entry barriers for new competitors. And the Company has automated production and high standard specification inspection procedures, which can achieve good manufacturing quality and meet the special requirements of product high-precision specifications and quality assurance. All production sites of the Company have passed the IATF16949 related quality certification and obtained strict quality certification from large automotive light manufacturers. This comprehensive quality system has become the cornerstone of the Company's exhibition market.

(3) High entry threshold in LED car light market

The automotive light are related to driving safety, with a strong emphasis on "performance". Moreover, the certification period is long, and the automotive manufacturers will not replace the automotive lights arbitrarily, resulting in a clear closed industry supply chain characteristic. As a result, the original supply chain of LED automotive light is strong and the number of suppliers is relatively scarce. Our LED automotive light modules are in a completely different field from traditional automotive light modules, including the optical characteristics and the R&D of the secondary optical refraction techniques used afterwards are also different. Overall, the barriers to entry into the LED automotive light market are extremely high. The R&D team of the Company has many years of experience in the LED automotive light module industry, and has designed and manufactured special automatic production equipment for mass production. The consistent automated process capability of the Company allows us to fully control costs and delivery times, and to upgrade our technical level to increase product exquisiteness. Not only is the Company able to keep abreast of the needs of the application market, but it also works closely with China's own brands, European and Japanese vehicles, indicating that the quality of its products has been recognized by end-users. In addition, the Company's continuous efforts to invest in process improvement, increase production efficiency and reduce production costs will help to increase its market share and profitability.

(4) LED headlight market

Automotive LED headlamps are currently still mainly used in premium vehicles. Due to their high technology, high unit price and highly intelligent features in the future, they are star products for future market development in the vast potential mid-priced vehicle market. With the experienced R&D team, high quality production process and solid

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customer base, the Company has continued to focus on the R&D and layout of LED headlamp technology in recent years in order to gain a head start in the new blue ocean of LED headlamp market.

Positive and negative factors for future development and the company's response to such factors

(1) Positive factors

A. Formulation of automobile safety regulations

The most important aspect of the automotive light industry is regulations. If a designed product cannot meet regulatory requirements, it cannot be sold on the market. On the contrary, when a new regulation is proposed, it can also lead to a significant growth in the market for a certain automotive light product. The EU's daytime running light regulations are a prime example of the significant growth in the daytime running light market in recent years. The Company has an excellent technical research and development team and strict manufacturing and quality control processes. With years of experience in the industry, the products developed by the Company comply with automotive safety regulations and have been certified by the customers. The Company has obtained the trust and quality certification from world-renowned automotive lighting manufacturers such as HASCO, which will be a great advantage for the future development.

B. Energy conservation, safety, and design

LED automotive lights are more energy-saving than conventional lights, effectively reducing energy consumption. In addition, LED automotive lights have a faster reaction rate, giving drivers a longer reaction time and improving driving safety. In terms of design, LEDs are a point source of light and are small in size, so they can be used in a variety of ways, with different automotive light designs available for different automotive models to highlight their uniqueness. The Company has extensive experience in the research and development of LED automotive light modules, not only in the production process and development speed to meet the needs of customers, but also in the joint development and design with automotive manufacturers, which provides the Company with the greatest support in the market competition.

C. Entered the supply chain of auto parts and components in China

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The automotive industry has extremely stringent requirements on the quality of suppliers' components, and it is not easy to change the relationship between automotive manufacturers and suppliers. The partnership is long-term and stable, with extremely high barriers to entry. The Company has been working in mainland China for many years, and with its long-term investment in R&D, manufacturing and quality control of LED automotive lights, the Company has been able to achieve stable product quality and obtain many certifications, and has gained a high level of trust from customers. As China is the world's largest automotive market, the Company has obtained quality certifications from major Chinese automotive manufacturers and well-known Chinese automotive lighting manufacturers, and has a significant presence in the automotive lighting supply chain in China.

D. The company has returned to Taiwan to set up a factory due to the Sino-US trade tariff war

As a result of the trade war between the United States and China in the form of tariff increase from 2019 onwards, our customers in Mainland China who have the need to export to the United States are actively seeking other production locations to avoid the tariff increase imposed on China's exports to the United States. As the majority of our customers' automotive light suppliers are from Mainland China, the Company is one of the few Taiwanese companies that have set up a factory in Taiwan. Therefore, the return to Taiwan is one of the advantages of the Company, which has already returned to Taiwan in 2020 and successfully exported to the United States.

(2) Negative factors and the company's response to such factors:

A) The appearance of other competitors

With the application of LED automotive lights gradually becoming the mainstream of the automotive industry, the number of suppliers entering the market has been increasing in recent years, making the market even more competitive.

Response measures:

The automotive light industry is a closed supply chain that requires a long period of certification. It takes at least three to five years for new competitors to

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enter and the barrier to entry is extremely high. However, in response to new competitors, the Company continues to invest in research and development, strict control of product quality and refinement of production processes to reduce costs, and is committed to maintaining existing customer satisfaction and developing other new customers to further strengthen its market position.

B) Wages in China have risen and production costs have increased

The salary and benefit levels of workers in China have been rising year by year and labour-related costs have been increasing year by year and have been increasing as a proportion of manufacturing costs, resulting in a squeeze on profit margins.

Response measures:

In addition to enhancing process management to improve production efficiency, the Company will continue to improve its existing automated production technology and workflow to reduce manpower and manufacturing costs, and to develop new products such as LED headlamps, with a view to optimizing its product portfolio and further improving gross profit margins.

C. Foreign exchange rate risk

The Company's sales are mainly denominated in RMB, while its foreign purchases are mainly denominated in RMB and USD. After offsetting the positions of foreign currency receivables and payments, there may still be exchange gains or losses due to significant fluctuations in foreign currency exchange rates, which may increase the Company's operating cost risk.

Response measures:

The Company's finance department keeps a close eye on exchange rate changes and maintains close contact with banks to keep abreast of international exchange rate movements and to adjust foreign currency positions in a timely manner to meet the Company's capital requirements. In addition, quotations to customers are dynamically adjusted to take account of exchange rate movements in order to reduce the impact of changes in exchange rates on the Company's profitability.

(II) Important applications and production process of main products:

(1) Important applications of main products

The main applications are car indicator lights for lights, such as signal lights, dashboard lights, brake lights, headlights.

(2) Production process of main products

Product type	Main process
LED car light	SMD patches →Stamping→Mold assembly→Visual inspection→Burn in→Inspection→Packaging→Shipment package→Shipment

(III) Supply situation for the company's major raw materials:

The Company's main raw material is LED components, and the Company mainly adopts world-renowned LED components from Osram, Lumileds, Nichia and other companies. After years of cooperation, we have achieved remarkable results in developing the Chinese automotive LED application market and formed a close partnership with them, resulting in no shortage of products.

(IV) Names of customers that accounted for $10\%$ or more of the total purchase (sales) amount in either of the most recent 2 years, and their purchase (sales) amounts and percentages, and explanations of the reasons for the increases or decreases:

Major supplier information for the most recent 2 years

Unit: NTD thousand

	2024				2025				2026 Q1
Item	Name	Amount	As a percentage to annual net procurement (%)	Relationship with the issuer	Name	Amount	As a percentage to annual net procurement (%)	Relationship with the issuer	Name	Amount	As a percentage to annual net procurement (%)	Relationship with the issuer
1	Shining Confidence Development Limited	1,108,928	17.29	None	Shining Confidence Development Limited	589,020	9.77	None	Shining Confidence Development Limited	101,505	6.22	None
2	Other	5,303,028	82.71	-	Other	5,439,646	90.23	-	Other	1,530,833	93.78	-
	Net procurement	6,411,956	100.00			6,028,666	100.00			1,632,338	100.00
Reason for changes in increase or decrease: Mainly due to differences in customers' product mix and shipment demand for projects, resulting in changes in the proportion of purchases from suppliers.

Major customer information for the most recent 2 years

Unit: NTD thousand

Item	2024				2025				2026 Q1
	Name	Amount	Proportion to net sales of the whole year (%)	Relationship with the issuer	Name	Amount	Proportion to net sales of the whole year (%)	Relationship with the issuer	Name	Amount	Proportion to net sales of the whole year (%)	Relationship with the issuer
1	Shining Confidence Development Limited	1,108,928	17.29	None	Shining Confidence Development Limited	589,020	9.77	None	Shining Confidence Development Limited	101,505	6.22	None
2	Other	5,303,028	82.71	-	Other	5,439,646	90.23	-	Other	1,530,833	93.78	-
	Net procurement	6,411,956	100.00			6,028,666	100.00			1,632,338	100.00

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1	HASCO Vision Technology (Shanghai) Co., Ltd. (Note 1)	5,788,422	61.99	None	HASCO Vision Technology (Shanghai) Co., Ltd. (Note 1)	4,715,617	55.20	None	HASCO Vision Technology (Shanghai) Co., Ltd. (Note 1)	904,570	53.39	None
2	HELLA GmbH & Co. KGaA	892,323	9.56	None	HELLA GmbH & Co. KGaA	1,205,996	14.12	None	HELLA GmbH & Co. KGaA	301,788	17.81	None
3	Other	2,657,652	28.45	-	Other	2,621,182	30.68	-	Other	487,859	28.80	-
	Net sales	9,338,397	100.00			8,542,795	100.00			1,694,217	100.00
Reason for changes in increase or decrease: It is mainly due to the different product mix and shipment demand of customers' cases.

Note 1: The amount includes the subsidiaries of HASCO Vision Technology (Shanghai) Co., Ltd.

III. Information of employees in the most recent 2 years and as of the publication date of this annual report

Unit: person; age; year

Year	2024	2025	As of February 28, 2026
Number of employees (persons)	Product operator	1066	1099
Management and Sales personnel	286	288	290
R&D and technical personnel	145	143	142
Total	1722	1,792	1670
Average age	33.12	35.98	36.20
Average length of service (years)	3.34	4.27	4.44
Education distribution ratio %	PhD	0%	0.06%
Master	1.5%	1.84%	1.98%
College	33.1%	34.93%	36.35%
Senior High School	24.7%	22.54%	21.86%
Below Senior High School	40.7%	40.63%	39.76%

IV. Disbursements for environmental protection

Any losses suffered by the company in the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report due to environmental pollution incidents (including any compensation paid and any violations of environmental protection laws or regulations found in environmental inspection, specifying the disposition dates, disposition reference numbers, the articles of law violated, and the content of the dispositions), and disclosing an estimate of possible expenses that could be incurred currently and in the future and measures being or to be taken. If a reasonable estimate cannot be made, an explanation of the facts of why it cannot be made shall be provided:

In the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report, the Company was not fined due to environmental protection incidents. In the

future, we will do our utmost to continue to carry out equipment maintenance improvement while implementing the operations of the environmental management system.

V. Labor/management relations

(I) List any employee benefit plans, continuing education, training, retirement systems, and the status of their implementation, and the status of labor-management agreements and measures for preserving employees' rights and interests:

Employee benefit plans:

(1) Group insurance

A. The Company's employees are all entitled to the same amount of medical insurance coverage.

B. Accident insurance premiums are fully borne by the Company, and all employees are entitled to the same amount of accident insurance coverage.

C. The appointed group insurance company is regularly stationed at the Company to provide employees with consultation on insurance-related matters.

(2) Performance incentive bonuses

To share operating results and incentivize outstanding talent, the Company allocates an incentive fund each year based on overall operating profitability. The distribution of compensation is based on internal payment operation guidelines, under which employees' annual work performance, attendance, functional seniority and proportion of service are comprehensively evaluated, and payment is made at the end of the year. This system is intended to link employees' contributions with the value of the Company and to promote the long-term stable development of the organization.

(3) Employee Welfare Committee

The Company has established an Employee Welfare Committee in accordance with the law, which is responsible for the planning and implementation of employee welfare. The Company also allocates welfare funds in accordance with regulations and provides annual festival gifts, departmental dining gatherings, and various other activities and welfare benefits (e.g. wedding gifts, funeral condolence payments, maternity allowances, emergency relief payments, hospital visitation allowances, subsidies for in-service advanced studies, scholarships and grants for employees' children, year-end banquet and lucky draw, Lunar New Year's Eve and

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commencement-of-work red envelopes, etc.).

(4) Gifts for festivities (Dragon Boat Festival, Labor Day, Mid-Autumn Festival).

(5) Regular employee health check-up activities - the Company regularly conducts comprehensive health check-ups for employees and cares about employees' health.

(6) Regular domestic or overseas employee trips are organized, and Golden Week leave (paid leave) is provided, so that employees can obtain genuine physical, mental and spiritual rest and build momentum for future work.

(7) To support employees whose family members are ill or require care, home care leave (paid leave) is provided so as to balance family and work.

(8) An annual year-end banquet is held each year. In addition to generous cash prizes and prize draws with a high winning rate, it further strengthens and enhances emotional exchange among employees in Taiwan, Mainland China and Thailand.

(9) In line with the promulgation and implementation of the amended provisions of the Act of Gender Equality in Employment, the Company announces that during an employee's pregnancy, the employer shall grant seven days of prenatal check-up leave, and each prenatal check-up leave may be taken in units of 30 minutes, with salary paid as usual; when an employee applies for "paternity leave", such person may take seven days of leave within a total period of 15 days including the day of the spouse's childbirth and the days before and after, with salary paid as usual.

(10) For new employees, the Company provides relocation leave superior to the Labor Standards Act. After three months of service, such employees are entitled to four days of relocation leave in the current year, which is more favorable than the requirements of the Labor Standards Act.

Education and training:

At Laster Tech, we emphasize the importance of employee career planning and talent cultivation. We proactively encourage our employees to take part in various training courses, which provide full subsidies for employees to attend courses or seminars organized by external or internal units according to the functional needs of the employees, in order to strengthen the complete training and further education pipeline for employees and enhance their professional competence and core competitiveness.

Retirement system:

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The Company implements and handles matters in accordance with the provisions of the Labor Standards Act, and contributes labor retirement reserve funds, which are deposited in a special account with Bank of Taiwan. An actuary is commissioned to conduct an actuarial valuation at the end of each year to ensure the sufficiency of the retirement reserve funds.

The new labor retirement system was implemented from July 1, 2005. In accordance with the Labor Pension Act, for employees who choose the new system, the Company contributes monthly to such employees' labor pension accounts an amount of not less than 6% of their monthly wages, and handles retirement-related matters in accordance with the provisions of the Labor Pension Act.

The subsidiaries in Mainland China have participated in defined contribution retirement plans administered by local government agencies. They make monthly pension contributions to such government agencies in accordance with local laws and regulations, and employees of the subsidiaries in Mainland China may receive pension benefits from such government agencies upon meeting retirement conditions in accordance with local laws and regulations.

Status of labor-management agreements and measures for preserving employees' rights and interests:

(1) The Company expressly stipulates the ratio of employee remuneration in the Articles of Incorporation to protect employees' rights and interests in sharing operating results.

(2) We have set up an Employee Welfare Committee, to which the Company contributes funds, for organizing various employee welfare measures to enhance employee welfare.

(3) In addition to covering our employees with labor and health insurance and contributing to their pension as required by law so that our employees work with peace of mind, we also take out group insurance to take employee protection to the next level.

Work environment and measures for protection of employees' personal safety:

Item	Content (note)
Access control security	1. A strict monitoring system is in place around the clock to ensure there are no blind spots in area security.
2. All entrances and exits of the Company are equipped with access control card swiping devices, and identity verification and visitor registration systems are strictly implemented.

	3. Contract with a security company at night and on holidays to maintain the safety of the plant.
Maintenance and checks of various equipment	1. Preventive maintenance is implemented on a monthly, quarterly, and annual basis for mechanical and electrical, air-conditioning, and fire protection facilities (such as alarm devices and fire extinguishers) to ensure that all equipment remains in the most reliable operating condition at all times. 2. In accordance with fire protection regulations, a qualified fire protection testing company is commissioned to conduct fire inspections of the plant area every year. 3. The Company shall inspect and maintain the power system, air conditioning, fire protection facilities, dangerous machinery and equipment on a regular basis. 4. In accordance with the Occupational Safety and Health Act, the Company conducts regular quarterly inspections of the operating environment, including noise, lighting, CO2 concentration, chemical substance concentration, etc.
Disaster prevention measures and responses	1. The Company has established the “Labor Safety and Health Work Rules” and other precautions for disaster prevention and rescue, as well as accident and occupational disaster reporting procedures, to clearly stipulate the responsibilities and task content to be undertaken by the Company's employees before and after major incidents or natural disasters. 2. Two fire drills and disaster prevention education sessions are regularly held each year, and fire authorities are invited to provide on-site guidance to strengthen all employees’ self-response and disaster rescue capabilities. 3. To maintain employee safety and environmental hygiene, labor safety and health management personnel are assigned.
Employee health checkup	Health checkup: We provide “general physical examination” for new employees, “general health checkup” for in-service employees, and “special health checkup” for workers with special hazards to health in accordance with the Occupational Safety and Health Act.
Insurance and medical assistance	Employees are covered with labor (including occupational accident insurance) and health insurance. We also provide employee accident, accidental medical treatment, hospitalization, critical illness insurance as well as life insurance, providing employees with multiple health protections.

(II) List any losses suffered by the company in the most recent fiscal year and up to the annual report publication date due to labor disputes, and disclosing an estimate of possible expenses that could be incurred currently and in the future and measures being or to be taken. If a reasonable estimate cannot be made, an explanation of the facts of why it cannot be made shall be provided: None.

VI. Cyber security management

(1) Information communication security management framework, information communication security policy, specific management plan, and resources invested in information communication security management:

(1) Strengthen firewall equipment to prevent malicious intrusions and attacks from external parties.

(2) Implement account security and authority management of the server, and set up an active alert when the server is logged in to ensure the legitimacy of the login.

(3) Employee identification is added to the protection of the Company's intranet to separate employees and visitors and reduce the risk of abnormal hacking or virus spreading.

(4) Establish file permission management to reduce leakage of confidential documents.

(5) Implementing important server warning notifications to prevent ransomware virus before it expands.

(6) Implement endpoint protection and monitoring with EDR/MDR/anti-virus software on personal computers and servers.

(7) Implement control on endpoint computer software installation permissions, and staff from the IT department to avoid information security concerns.

(8) Establish an email server protection mechanism to not only protect users from phishing emails to obtain confidential information, but also prevent account numbers from being attacked by dictionary attacks and use them by hackers.

(9) Strengthen employees' awareness of information security and reduce the risk of endpoint virus infection.

(10) Mandatorily updating the security of endpoint computer operating systems and browsers.

In the future, we will continue to enhance our information security equipment, proactive alert system and information security promotion, and strengthen our backup measures, such as off-site backup procedures, data backup management and host data operation switching, so that we can resume operations in the shortest possible time in case information security is breached.

The Company takes a prudent approach to information security and the Information Department is responsible for a rigorous information security mechanism, including control, monitoring and analysis of the information security environment, improvement and tracking of reported cases, crisis management and improvement of information quality.

(11) Strengthening of regular data backups, remote backups, hardened backups, and service snapshot backups to achieve data restoration and rapid restoration in case of abnormalities, so that the Company can return to normal operations in a short time.

(II) State any losses incurred, possible impacts, and response measures due to major information and communication security incidents in the most recent fiscal year and up to the date of printing of the annual report; if they cannot be reasonably estimated, the fact that they

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cannot be reasonably estimated shall be explained: None.

VII. Important contract

February 28, 2026

Nature of contract	Parties	Start and end dates of the contract	Main contents	Restricted terms
Financial leasing contract	Gansu Jiu Steel Group Hongxing Iron and Steel Co., Ltd.	2012.3.16~2026.9.16	Energy saving renovation services for lighting systems	None
Borrowing contract	First Commercial Bank	5 years from the date of first utilization	Medium-term borrowings	None
Borrowing contract	Export-Import Bank of the Republic of China	3.5 years from the date of first utilization	Medium-term borrowings	None
Borrowing contract	Shanghai Commercial & Savings Bank, Ltd.	5 years from the date of first utilization	Medium-term borrowings	For equipment loans only
Borrowing contract	Shanghai Commercial & Savings Bank, Ltd.	3 years from the date of first utilization	Medium-term borrowings	None
Borrowing contract	Taiwan Business Bank	5 years from the date of first utilization	Medium-term borrowings	None
Borrowing contract	Taipei Fubon Bank	3 years from the date of first utilization	Medium-term borrowings	None
Borrowing contract	Hua Nan Bank	5 years from the date of first utilization	Long-term borrowings	None
Borrowing contract	Taishin International Bank.	3 years from the date of first utilization	Medium-term borrowings	None
Borrowing contract	Taishin International Bank.	2 years from the date of first utilization	Medium-term borrowings	None
Borrowing contract	CTBC Bank	Four years from the date of first drawdown	Medium-term borrowings	For equipment loans only
Borrowing contract	KGI Bank	2 years from the date of first utilization	Medium-term borrowings
Borrowing contract	Mega Bank	5 years from the date of first utilization	Medium-term borrowings	None

Five. Review and Analysis of Financial Position and Financial Performance, and Assessment of Risks

I. Financial position: The main reasons for the significant changes in assets, liabilities and equity in the last two years and their impactIf the impact is significant, the future response plan should be explained.

Unit: NTD thousand

Year Item	2024	2025	Difference
			Amount	%
Current assets	8,441,426	8,035,312	(406,114)	(4.81)
Property, plant and equipment	1,593,474	1,573,163	(20,311)	(1.27)
Intangible assets	26,227	52,395	26,168	99.78
Other assets	518,782	665,043	146,261	28.19
Total assets	10,579,909	10,325,913	(253,996)	(2.40)
Current liabilities	5,728,779	4,590,848	(1,137,931)	(19.86)
Non-current liabilities	1,334,243	2,157,784	823,541	61.72
Total liabilities	7,063,022	6,748,632	(314,390)	(4.45)
Equity attributable to owners of the parent company	3,516,887	3,577,281	60,394	1.72
Common stock	1,151,590	1,212,284	60,694	5.27
Stock dividends from	1,593,750	1,725,054	131,304	8.24
Retained earnings	869,635	738,042	(131,593)	(15.13)
Other interests	(98,088)	(77,977)	20,111	(20.50)
Treasury stocks	-	(20,122)	(20,122)	-
Total equity	3,516,887	3,577,281	60,394	1.72
(1) Explanation of material changes: (increase/decrease change rate exceeding 20% and the amount of change reaching NTD 10 million or more) 1. Increase in intangible assets: Mainly due to an increase in computer software. 2. Increase in other assets: Mainly due to an increase in investments in financial instruments. 3. Increase in non-current liabilities: Mainly due to an increase in bank borrowings for the current period. 4. Increase in other equity: mainly due to the appreciation of RMB against NTD during the current period, resulting in an increase in exchange differences on translation of the financial statements of foreign operations. (2) For material impacts, future response plans shall be explained: None.

II. Financial performance: The main reasons for the significant changes in operating income, operating net profit and pre-tax net profit in the most recent two years and Expected sales volume and its basis, possible impact on the company's future financial operations and response plans

Unit: NTD thousand

Year Item	2024	2025	Increase (decrease) amount	Ratio of change %
Operating revenue	9,338,397	8,542,795	(795,602)	(8.52)
Operating net profit	10,000,000	9,000,000	(1,000,000)	(10.00)
Operating net income	10,000,000	9,000,000	(1,000,000)	(10.00)

III. Cash Flow

(I) Analysis of cash flow changes in the last two years:

Unit: NTD thousand

Year Item	2024	2025	Difference in increase (decrease)
			Amount	%
Net cash inflow (outflow) from operating activities	744,497	392,953	(351,544)	(47.22)
Net cash inflow (outflow) from investing activities	(29,178)	(1,256,368)	(1,227,190)	4,205.87
Net cash inflow (outflow) from financing activities	412,244	110,985	(301,259)	(73.08)
Analysis of ratio changes: (changes in increase or decrease reaching 20 percent) 1. Net cash inflow from operating activities decreased: mainly due to a decrease in profit for the current period. 2. Net cash outflow from investing activities increased: mainly due to an increase in investment in financial instruments for the current period. 3. Net cash inflow from financing activities decreased: mainly due to a decrease in borrowings for the current period.

(II) Improvement plans for insufficient liquidity: None.
(III) Cash flow analysis for the next year (2024):

Unit: NTD thousand

Openings cash balance (1)	Projected full-year net cash	Projected full-year cash	Projected cash surplus	Remedies for projected cash shortfalls

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	flows from operating activities (2)	outflows (3)	(shortfall) amount (1)+(2)+(3)	Investment plan	Financial plan
2,383,455	247,952	(394,685)	2,236,722	-	-
1. Analyze any cash flow changes for the coming year
(1) Operating activities: mainly due to operating profit, resulting in net cash inflow from operating activities.
(2) Investing and financing activities: Net cash outflow from investing and financing activities is due to the purchase of production line equipment and repayment of bank loans.
2. Remedies for projected cash shortfalls to maintain a comparable cash balance and liquidity analysis: Not applicable.

IV. Effect of major capital expenditures on financial operations in the most recent year:

Capital expenditures arising from the purchase of production line equipment for the current year amounted to NTD 251,136 thousand, and such expenditures are expected to benefit future business expansion and overall operational planning.

V. Re-investment policy in the most recent year, the main reason for profit or loss, improvement plan and investment plan for the coming year:

(I) The Company's investment policy:

The Company's decision-making authority conducts investment based on the consideration of the Company's operational needs or future growth. As well as this, the decision-making authority also evaluates past operating performance, future outlook, market conditions and operating quality of the investee, which will be used as a basis for making investment decisions.

(II) The main reasons for the profit or loss of reinvestment in the most recent year and the improvement plan:

December 31, 2025; Unit: NTD thousand

Investee company	Shareholding ratio %	Investment (losses) gains recognized in the most recent fiscal year	Main reasons for gains or losses	Improvement plan
Laster International (Samoa) Co., Ltd.	100	120,849	Due to the recognition of reinvestment company interests.	-
Windlux International Co., Ltd.	100	(60)	Mainly due to the payment of operating expenses.	Reduce operating costs.
Happy Power Corp.	100	314	Due to the recognition of reinvestment company interests.	-
Laster Tech Automotive (America) Incorporated	100	(2,072)	Operating expenses during the initial stage of plant construction.	Shorten the setup cycle and ensure orders commence production on schedule.
LASTER TECH AUTOMOTIVE MEXICO INC, S.A .DE C.V.	100	(19,548)	Operating expenses during the initial stage of plant construction.	Shorten the setup cycle and ensure orders

				commence production on schedule.
Laster Overseas (Samoa) Co., Ltd.	100	79,245	Due to the recognition of reinvestment company interests.	-
Super Continental Ltd.	100	12,299	Due to the recognition of reinvestment company interests.	-
Laster Forever (Samoa) Co., Ltd.	100	47,297	Due to the recognition of reinvestment company interests.	-
Excitement Holding Co., Ltd.	100	(17,991)	Due to the recognition of reinvestment company losses.	Supervise subsidiaries to actively develop customers and secure orders.
Laster Tech (Thailand) Co., Ltd.	100	(17,991)	The Company has not yet generated sufficient revenue from the sale of its lighting products to incur a loss.	Strengthen customer development.
Sweeo Technology Co., Ltd.	100 (Note 1)	314	Good sales conditions.	-
LasterTech Electronics (Dongguan) Co., Ltd.	100	79,245	Good sales conditions.	-
Laster Tech Opto (Shenzhen) Co., Ltd.	100	2,493	Mainly profit from investment in financial instruments.	-
Li San (Shanghai) International Trade Ltd.	100	9,853	Mainly profit from investment in financial instruments.	-
LasterTech Automotive (Shanghai) Co., Ltd.	100	47,336	Good sales conditions.	-
Ang Ran Technology Co., Ltd.	100	(47)	Mainly due to the payment of operating expenses.	Reduce operating costs.

Note 1: Due to local regulations, 51% of shareholding ratio was held in the name of a natural person of Thai nationality.

(II) Investment plans for the coming year: None.

VI. Analysis and assessment of risks in the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report

(I) Impacts of changes in interest rates, exchange rates and inflation on the Company's profit and loss, and future countermeasures:

Impact of interest rates

The Company's consolidated interest expenses for 2025 and 2024 were NTD 103,229 thousand and NTD 93,066 thousand, respectively, accounting for 1.21% and 1.00% of operating revenues for the respective periods, mainly due to the Company's business growth and expansion of operating scale, which required continuous capital investment to support operational needs, and therefore short-term borrowings and the

issuance of convertible bonds were used to fund part of the working capital.

With the continuous growth of the Company's business scale, it is necessary to maintain a good and close relationship with banks in order to obtain preferential interest rates and to regularly assess the interest rates on bank borrowings. In the future, the use of funds will be adjusted in accordance with changes in financial interest rates in order to reduce the impact of changes in interest rates on the Company's profit or loss.

2. Impact of changes in exchange rates

The Company's net exchange (loss) gain for 2025 and 2024 were NTD (4,431) thousand and NTD 39,561 thousand, respectively, accounting for (0.05)% and 0.42% of operating revenues for the respective periods. The Company's sales are mainly denominated in RMB, while purchase currencies are mainly denominated in RMB and USD. A certain natural hedging effect is generated from the portions of export sales and purchases quoted in RMB. As the ratio of exchange gains and losses to operating revenue was below 1%, the impact of exchange gains and losses on the Company was limited. The Company has taken the following measures to address the impact of exchange rate fluctuations:

(1) Collect information on exchange rate changes from time to time, strengthen foreign exchange related consultations with banks, and keep abreast of exchange rate changes and trends.

(2) Take into account the possible effects of changes in exchange rates when quoting business prices in order to hedge against the effects of changes in exchange rates on sales prices.

3. Impact of inflation

Inflation did not pose significant impact on the Company's losses or gains. The Company, in addition to continuously closely monitoring changes in market price indices and actively developing sources of raw material supply to reduce production costs, also maintains good relationships with customers and adjusts product selling prices and inventory status in a timely manner to reflect costs; therefore, the Company is currently still able to effectively control the impact of inflation.

(2) Policies on engaging in high-risk and highly leveraged investments, loans to others, endorsements and guarantees, and derivative commodity transactions, the main reasons for profit or loss, and future countermeasures:

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Policy for high-risk investments, highly leveraged investments; the main reasons for the profits/losses generated thereby; and response measures to be taken in the future:

At Laster Tech, we adhere to the principle of prudence and pragmatic management and focus on its business area; therefore we do not engage in high-risk or highly leveraged investments.

Loans to other parties, endorsements, guarantees, and derivatives transactions; the main reasons for the profits/losses generated thereby; and response measures to be taken in the future:

We have formulated our own “Procedures for Loaning of Funds and Making of Endorsements/Guarantees” and “Procedures for the Acquisition and Disposal of Assets” as the guidance for handling related operations.

Loaning funds to others and making of endorsements and guarantees are carried out in accordance with the Company's “Procedures for Loaning of Funds and Making of Endorsements/Guarantees”. We only loan funds and provide endorsements and guarantees to the Group’s wholly-owned companies. In doing this, we are able to grasp each company’s operating conditions at all times to reduce the possibility of risk. In the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report, no significant gains or losses incurred due to loaning funds to others or providing endorsements and guarantees.

Our derivative transactions are focused on forward foreign exchange transactions, to hedge the risks arising from exchange rate fluctuations. The financial institution of the Company’s forward foreign exchange transactions all have excellent credit ratings.

(III) Future R&D plans and expected R&D expenses to be invested:

Future research and development projects

A. Matrix headlights.
B. Standardization of drive control modules.
C. Optimization of heat dissipation.
D. Lightweight products.

Expected research and development expenditures

The estimated investment amount for R&D expenses will be progressively sequenced according to the progress of new technology development. With the growth in turnover, the annual R&D expenses will be gradually increased to support future R&D programs,

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maintain core technologies and enhance the Company's market competitiveness. The Company's R&D expenses for 2025 and 2024 were NTD 339,205 thousand and NTD 391,955 thousand, respectively, accounting for 4.0% and 4.2% of operating revenues for the respective periods. It is estimated that R&D expenses of NTD 327,436 thousand will be invested in 2026 to enhance R&D capabilities and market competitiveness.

(IV) Impacts of important domestic and foreign policies and legal changes on the Company's financial operations, and responsive measures:

The daily operations of the Company and its subsidiaries are handled in accordance with relevant domestic and foreign laws and regulations, and the Company also pays close attention at all times to domestic and foreign policy development trends and changes in laws and regulations, so as to fully grasp changes in the market environment and proactively propose responsive measures in a timely manner to reduce the impact of significant domestic and foreign policy and legal changes on the Company's financial operations. Changes in important policies and regulations at home and abroad had no significant impact on the Company's financial operations in the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report.

(V) Impacts of technological changes (including information communication security risks) and industry changes on the Company's financial operations, and countermeasures:

The Company continues to invest in product research and development in response to market demand, in order to provide customers with comprehensive professional OEM and manufacturing services, and to respond at all times to the demands and changes brought about by technological changes, so as to reduce market risk and pursue the Company's long-term stable development in finance and business. In addition, with respect to information and communication security, the Company also focuses on the protection and preservation of customer information and the prevention of improper and illegal conduct with human intent. Technological changes and industry changes have not had a significant impact on the Company's financial operations in the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report.

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(VI) Impacts of changes in corporate image on crisis management and countermeasures:

Since establishment, we have complied with the laws and regulations, and proactively strengthened our internal management and enhanced the management quality and performance. At the same time, we maintain harmonious labor relations and continue to keep our corporate image intact. Up to the date of publication of the annual report, no incidents occurred that affected the Company's corporate image.

(VII) Expected benefits and possible risks of mergers and acquisitions, and countermeasures:

In the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report, there were no significant mergers or acquisitions or plans. However, when there is a future merger and acquisition plan, the Company will carefully take into account whether the such merger will bring in benefits for the Company so as to protect the interests of the shareholders.

(VIII) Expected benefits and possible risks associated with any plant expansion, and countermeasures:

In order to respond to the needs of major customers for orders and increased production capacity, the Company will continue to introduce automated equipment and optimize existing equipment, shorten the production process, and achieve production capacity upgrades while saving manpower. Future plans to increase production lines will be carefully and professionally evaluated, taking into account the comprehensive benefits and possible risks.

(IX) Risks associated with any concentration of purchases or sales, and mitigation measures being or to be taken:

Risks associated with concentrated purchases, and mitigation measures being or to be taken:

We have been working in mainland China for many years, and with our long-term investment in R&D, manufacturing and quality control of LED automotive lights, our products are of stable quality and have obtained many certifications, and are highly trusted by our customers. As China is the world's largest automotive sales market, the Company has obtained quality certifications from major Chinese automotive manufacturers and well-

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known Chinese automotive light manufacturers, and has a significant presence in the automotive light supply chain in China.

Risks associated with concentrated sales and countermeasures:

The Company mainly sells LED automotive lighting modules, and its customers are mainly Mainland China self-owned-brand automobile manufacturers and Tier 1 automotive component suppliers. Due to the extremely strict quality requirements for automotive components in the automotive industry, in order to ensure that safety specifications, quality and delivery time, etc. are in line with the vehicle manufacturers' requirements, suppliers' products have to undergo strict examination and certification by the automotive manufacturers. As a result, it is not easy to change the relationship after obtaining a partnership, so the cooperative relationship between the automotive manufacturers and their suppliers is long and stable, and it is common for a single component to be supplied exclusively by a single manufacturer. The barriers to entry into the industry are extremely high, and due to the nature of this industry, there is a concentration of sales. In addition, the Company has successfully penetrated the international market by virtue of its professional development capabilities of LED automotive lamp modules. We are also actively expanding other partners to diversify the risk of sales concentration.

(X) Effects and risks to the Company in the event a major quantity of shares belonging to a director, supervisor, or shareholder holding greater than a 10 percent stake in the Company has been transferred or otherwise changed hands, and mitigation measures being or to be taken:

In the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report, no quantity of shares belonging to a director, supervisor, or shareholder holding greater than a 10 percent stake in the Company was transferred.

(XI) Impacts and risks to the Company due to change in management rights, and countermeasures:

Our management team at Laster Tech is committed to the Company's sustainability. In the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report, there were no changes in management rights.

(XII) For litigious or non-litigious events, the Company and its directors, supervisors, Presidents, substantive persons in charge, major shareholders with more than 10% shareholding, and subordinate companies shall listed any major litigation, non-litigation, or administrative

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dispute involving the Company, and the outcome of which is likely to materially affect shareholders' equity or the price of the Company's securities, the Company shall disclose the facts of the dispute, the amount of money involved, the date of litigation commencement, the main parties of the dispute, and the status of dispute as of the date of publication of annual report: None.

(XIII) Other important risks and countermeasures:

Explanation of information security risk assessment analysis and measures to be adopted in response:

In the age of the Internet, the number of third-party hacking attacks on the Internet is increasing, and the information security protection is becoming increasingly difficult.

Therefore, we have established a complete network and computer security system, such as firewall and anti-virus software, which are regularly updated. In addition, the Company conducts information security training and promotion as appropriate. If it is necessary to outsource information business operations, the Company will also study and propose information security requirements in advance and require manufacturers to comply with information security responsibilities and confidentiality.

VII. Other important matters: None.

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Six. Special Disclosures

I. Information of affiliates:

(I) Consolidated business report of affiliated enterprises

Organizational chart of affiliates

2. Information on affiliates

Unit: NTD thousand

Name of company	Date of establishment	Address	Paid-in capital	Main business or production items
Laster International (Samoa) Co., Ltd.	2002.05.31	TrustNet Chambers Lotemau Centra,P.O.Box 1225 Apia,Samoa	1,263,086	Investment
Windlux International Co., Ltd.	2007.09.14	14F-2, No. 296, Sec. 2, Zhongshan Road, Zhonghe District, New Taipei City	30,000	Sales of light emitting diode chips
Laster Overseas (Samoa) Co., Ltd.	2002.05.31	TrustNet Chambers Lotemau Centra,P.O.Box 1225 Apia,Samoa	316,844	Investment
Super Continental Ltd.	2003.06.19	2F,Felix House, 24 Dr. Joseph Riviere Street,Port Louis,Republic of Mauritius	169,956	Investment
Laster Forever (Samoa) Co., Ltd.	2007.10.02	Portcullis TrustNet Chambers, P.O. Box1225, Apia, Samoa	634,266	Investment and trading
Excitement Holding Co., Ltd.	2015.05.12	N0.24 Lesperance Complex, Providence Industrial Estate, Mahe, Seychelles	108,518	Investment
Happy Power Corp.	2019.08.07	1st Floor,#5 DEKK House,De Zippora Street,Providence Industrial Estate,Mahe,Republic of Seychelles	847	Investment
LasterTech Electronics (Dongguan) Co., Ltd.	2002.12.05	No.7, Mingzhu 1st Road, Yongsheng Industry Park, Shebei Village, Huangjiang Town, Dongguan City, Guangdong Province	216,984	Sales of light-emitting diode chips and manufacturing, assembly and sales of automotive lighting-related light-emitting diode products
Laster Tech Opto (Shenzhen) Co., Ltd.	2010.07.20	Room 1923, East Block, He Zheng Hui Yi Cheng Yi Center, Xixiang, Baoan District, Shenzhen, Guangdong Province	147,271	Sales of energy-saving lighting fixtures and accessories
Li San (Shanghai) International Trade Ltd.	2003.11.14	No. 666, Wangdong Road, Jiading District, Shanghai	16,961	Sales of light emitting diode chips and components
LasterTech Automotive (Shanghai) Co., Ltd.	2008.01.04	No. 666, Wangdong Road, Jiading District, Shanghai	852,046	Manufacturing, assembly and sales of automotive lighting-related light-emitting diode products
Ang Ran Technology Co., Ltd.	2010.01.11	20th Floor,Wah Hing Commercial Building,283 Lockhart Road,Wanchai, Hong Kong	6,418	Investment
Laster Tech (Thailand) Co., Ltd.	2015.07.02	16th floor , 65/134 Chamnan Phenjati Business Center Building, Rama 9 Rd.,Huay Kwang,Bangkok, Thailand. 10310	108,745	Sales of lighting products and lighting fixtures
Sweeo Technology Co., Ltd.	2021.10.12	65/183 , Chamnan Phenchat Rama 9 Road Huai Khwang Subdistrict Huai Khwang District Bangkok 10310	847	Sales of lighting products and lighting fixtures
Laster Tech Automotive (America) Incorporated	2025.01.02	416 N Stanton Street suite 503,EI Paso,Texas 79901	32,781	Sales of LED automotive lighting-related products
LASTER TECH AUTOMOTIVE MEXICO INC, S.A .DE C.V.	2025.03.10	Prof. Humberto Ramos Lozano 898 Int. A, PARQUE INDUSTRIAL AVANTE, 66607 Cdad. Apodaca, N.L., México	63,654	Manufacturing, assembly and sales of LED automotive lighting-related products

Information on the same shareholders presumed to have control and affiliation relationship: None.
For the industries covered by the business operations of the affiliated companies as a whole, if the businesses operated by each affiliated company are related to each other, please explain the exchange and division of labor:

(1) Industries covered by the overall business operations of affiliated companies

A. Sales of LED chips and components.
B. Research and development, manufacturing and sales of LED automotive lighting, LED lighting fixtures and other related products.

(2) Businesses operated by affiliated companies and their relationship and division of labor:

A. Windlux International Co., Ltd.: The Company to provide procurement services for LED chips in Taiwan.
B. LasterTech Electronics (Dongguan) Co., Ltd.: The Company for the sales of LED chips and the research and development, manufacturing and sales of LED automotive lighting and other related products in Mainland China.
C. LasterTech Opto (Shenzhen) Co., Ltd.: The Company for the sales of energy-saving lighting fixtures and accessories in Mainland China.
D. Li San (Shanghai) International Trade Ltd.: The Company for the sales of LED chips and components in Mainland China.
E. LasterTech Automotive (Shanghai) Co., Ltd.: The Company for the research and development, manufacturing and sales of LED automotive lighting and other related products in Mainland China.
F. Laster Tech (Thailand) Co., Ltd.: The Company for the sales of LED lighting products and lighting fixtures in Thailand.
G. Sweeo Technology Co., Ltd.: The Company for the sales of LED lighting products and lighting fixtures in Thailand.
H. Laster Tech Automotive (America) Incorporated: engaged in the sale of LED automotive lighting and other related products in the United States.
I. LASTER TECH AUTOMOTIVE MEXICO INC, S.A. DE C.V.: The Company for, manufacturing and sales of LED automotive lighting and other related products in Mexico.

Name of company	Title	Name or representative	Shareholding
			Number of shares (capital contribution)	Shareholding ratio (contribution ratio)
Laster International (Samoa) Co., Ltd.	Chairman	Mei-Hsiu Liu	- Laster Tech Co., Ltd. held 40,401,698 shares	- 100%

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| Windlux International Co., Ltd. | Chairman | Laster Tech Co., Ltd.
Representative: Mei-Hsiu Liu | 3,000,000 shares | 100% |
| --- | --- | --- | --- | --- |
| Happy Power Corp. | Chairman | Mei-Hsiu Liu | - | - |
| | | | Laster Tech Co., Ltd. held 1,000,000 shares | 100% |
| Laster Overseas (Samoa) Co., Ltd. | Chairman | Mei-Hsiu Liu | - | - |
| | | | Laster International (Samoa) Co.,Ltd. held 9,836,038 shares | 100% |
| Super Continental Ltd. | Chairman | Mei-Hsiu Liu | - | - |
| | | | Laster International (Samoa) Co.,Ltd. held 5,654,140 shares | 100% |
| Laster Forever (Samoa) Co., Ltd. | Chairman | Mei-Hsiu Liu | - | - |
| | | | Laster International (Samoa) Co.,Ltd. held 20,802,953 shares | 100% |
| Excitement Holding Co., Ltd. | Chairman | Mei-Hsiu Liu | - | - |
| | | | Laster International (Samoa) Co.,Ltd. held 3,073,017 shares | 100% |
| LasterTech Electronics (Dongguan) Co., Ltd. | Chairman Director | Mei-Hsiu Liu
Li Yun-Chen | - | - |
| | Director | Hsu Yung-Yi | - | - |
| | Chief Operating Officer | Hsu Yung-Yi | - | - |
| | | | Laster Overseas (Samoa) Co., Ltd. contributed NTD216,984 thousand. | 100% |
| Laster Tech Opto (Shenzhen) Limited company | Chairman Supervisor | Mei-Hsiu Liu
Li Yun-Chen | - | - |
| | | | - | - |
| | | | Super Continental Ltd. contributed NTD147,271 thousand | 100% |
| Li San (Shanghai) International Trade Ltd. | Chairman Supervisor | Mei-Hsiu Liu
Li Yun-Chen | - | - |
| | | | - | - |
| | | | Super Continental Ltd. contributed NTD16,961 thousand | 100% |
| LasterTech Automotive (Shanghai) Co., Ltd. | Chairman Supervisor | Mei-Hsiu Liu
Li Yun-Chen | - | - |
| | Chief Operating Officer | Hsu Yung-Yi | - | - |
| | | | Laster Forever (Samoa) Co., Ltd. contributed NTD852,046 thousand (Note 2) | 100% |
| Ang Ran Technology Co., Ltd. | Director | Super Continental Ltd. | Super Continental Ltd. held 1,800,000 shares | 100% |
| Laster Tech (Thailand) Co., Ltd. | Director | Mei-Hsiu Liu | - | - |
| | Director | Prapat Phoolpipat | - | - |
| | President | Mei-Hsiu Liu | Excitement Holding Co., Ltd. held 1,000,000 shares | 100% |
| Sweeo Technology Co., Ltd. | Director | Mei-Hsiu Liu | - | - |
| | Director | Yu Fa-Hao | - | - |
| | President | Mei-Hsiu Liu | Happy Power Corp. held 10,000 shares | 100% (注 1) |
| Laster Tech Automotive (America) Incorporated | Chairman | Mei-Hsiu Liu | - | - |
| | | | Laster Tech Co., Ltd. held 10,000 shares | 100% |
| LASTER TECH AUTOMOTIVE MEXICO INC, S.A .DE C.V. | Chairman | Mei-Hsiu Liu | Mei-Hsiu Liu held 1 shares | 0.01% |
| | | | Laster Tech Co., Ltd. held 2,999,999 shares | 99.99% |

5. Information on directors, supervisors, and presidents of affiliated companies

Note 1: Due to local regulations, 51% of shareholding ratio was held in the name of a natural person of Thai nationality.

Note 2: Excluding NTD 267,737 thousand of new capital arising from the capitalisation of undistributed earnings by LasterTech Automotive (Shanghai) Co., Ltd.

6. Operational overview of affiliates

Unit: All in NTD thousand, except in NTD for earnings per share

Name of company	Amount of capital	Total asset value	Total liabilities	Net value	Operating revenue	Operating profit and loss	Current profit and loss (after tax)	Earnings per share (after tax)
Laster International (Samoa) Co., Ltd.	1,263,087	3,933,341	81	3,933,260	0	0	120,849	2.95
Windlux International Co., Ltd.	30,000	32,985	1,515	31,470	66	(96)	(60)	(0.02)
Laster Overseas (Samoa) Co., Ltd.	316,844	1,037,870	0	1,037,870	0	0	79,245	8.06
Super Continental Ltd.	169,956	230,191	4,502	225,689	0	0	12,299	2.18
Laster Forever (Samoa) Co., Ltd.	634,266	2,595,737	0	2,595,737	0	0	47,297	2.27
Excitement Holding Co.,Ltd.	108,518	69,527	0	69,527	0	0	(17,991)	(4.85)
Happy Power Corp.	840	1,284	0	1,284	0	0	314	0.03
LasterTech Electronics (Dongguan) Co., Ltd.	216,984	1,189,372	151,505	1,037,867	571,842	67,132	79,244	(Note)
Laster Tech Opto (Shenzhen) Co., Ltd.	147,271	191,231	7,816	183,415	0	(6,668)	2,493	(Note)
Li San (Shanghai) International Trade Ltd.	16,961	117,112	70,997	46,115	68,408	5,559	9,853	(Note)
LasterTech Automotive (Shanghai) Co., Ltd.	852,046	4,985,854	2,392,891	2,592,963	6,085,892	26,981	47,336	(Note)
Ang Ran Technology Co., Ltd.	6,418	658	0	658	0	(48)	(47)	(0.03)
Laster Tech (Thailand) Co., Ltd.	108,745	120,405	50,997	69,408	35,744	(19,779)	(17,991)	(14.99)
Sweeo Technology Co., Ltd.	847	5,132	3,853	1,279	6,919	307	314	31.10
Laster Tech Automotive (America) Incorporated	32,871	29,341	0	29,341	0	(2,129)	(2,072)	(207.22)
LASTER TECH AUTOMOTIVE MEXICO INC, S.A .DE C.V.	61,015	63,654	18,384	45,270	760	(17,596)	(19,548)	(6.52)

Note: As it is a limited company, there are no shares.

Consolidated Financial Statements of affiliated enterprises: Consolidated Financial Statements of parent and subsidiary companies under the same parent.
Affiliated Enterprise Relationship Report: Not applicable.

II. Private placement of securities during the most recent year and during the current year up to the date of publication of the annual report: None.

III. Other supplementary information: None.

IV. Matters that have a significant impact on shareholders' equity or securities prices:

If any of the situations listed in Article 36, paragraph 3, subparagraph 2 of the Securities and Exchange Act, which might materially affect shareholders' equity or the price of the company's securities, has occurred in up to the date of publication of the annual report: None.

137

LASTER TECH

LASTER TECH CO., LTD.

www.lastertech.com

Headquarter:
5F., No. 97, Zhongyuan St., Zhonghe Dist.,
New Taipei City 235024, Taiwan (R.O.C.)
TEL: +886-2-2222-6112 FAX: +886-2-2222-6196

Taoyuan Guanyin Plant:
No. 513, Sec. 1, Chenggong Rd., Guanyin Dist.,
Taoyuan City, 328453, Taiwan.
TEL: +886-3-483-3228

AI assistant

Laster Tech Annual Report 2026

52317_rns_2026-06-02_344d7573-d514-4df1-9071-b66f42e7d506.pdf

2025 ANNUAL REPORT

Laster Tech Co., Ltd.

Table of Contents of Annual Reports

One. Letter to Shareholders

I. 2025 Business Report

(I) Implementation results of business plan

(II) Financial income and expenditure

Two. Corporate Governance Report

II. Remuneration paid to directors, president, and vice presidents in the most recent year

(I) Remuneration of general directors and independent directors

B. Presidents, vice presidents and managers

(2) Linkage to operating performance and future risk exposure

III. State of operation of corporate governance

(I) Operations of the Board of Directors

(II) State of the Audit Committee

Chairman and President

Three. Fundraising Status

Four. Operational Overview

3. Development trends of products

4. Competition of products

(III) Technology and R&D overview

1. Technology level and research development

VII. Important contract

Five. Review and Analysis of Financial Position and Financial Performance, and Assessment of Risks

III. Cash Flow

2. Impact of changes in exchange rates

3. Impact of inflation

Six. Special Disclosures

2. Information on affiliates

5. Information on directors, supervisors, and presidents of affiliated companies

6. Operational overview of affiliates

AI assistant

Laster Tech — Annual Report 2026

52317_rns_2026-06-02_344d7573-d514-4df1-9071-b66f42e7d506.pdf

2025 ANNUAL REPORT

Laster Tech Co., Ltd.

Table of Contents of Annual Reports

One. Letter to Shareholders

I. 2025 Business Report

(I) Implementation results of business plan

(II) Financial income and expenditure

Two. Corporate Governance Report

II. Remuneration paid to directors, president, and vice presidents in the most recent year

(I) Remuneration of general directors and independent directors

B. Presidents, vice presidents and managers

(2) Linkage to operating performance and future risk exposure

III. State of operation of corporate governance

(I) Operations of the Board of Directors

(II) State of the Audit Committee

Chairman and President

Three. Fundraising Status

Four. Operational Overview

3. Development trends of products

4. Competition of products

(III) Technology and R&D overview

1. Technology level and research development

VII. Important contract

Five. Review and Analysis of Financial Position and Financial Performance, and Assessment of Risks

III. Cash Flow

2. Impact of changes in exchange rates

3. Impact of inflation

Six. Special Disclosures

2. Information on affiliates

5. Information on directors, supervisors, and presidents of affiliated companies

6. Operational overview of affiliates

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Laster Tech Annual Report 2026