Stock Code: 3593

Logah Technology Corporation

Parent Company Only Financial

Statements and Independent Auditors’

Report

2025 and 2024

Company Address: No. 15, Lane 62, Caigong 1st Road, Zuoying District,
Kaohsiung City
Tel.: (07)3433776

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Item	Page
I.Front Cover	1
II.Table of Contents	2
III.Independent Auditors’ Report	3
IV.Balance Sheet	4
V.Statement of Comprehensive Income	5
VI.Statement of Changes in Equity	6
VII.Statement of Cash Flows	7
VIII.Notes to Parent Company Only Financial Statements
(I) Company history	8
(II) Date and procedures of approval of the financial statements	8
(III) Application of newly issued and amended standards and interpretations	8~10
(IV) Summary of significant accounting policies	10~19
(V) Significant accounting judgments, estimates, and main sources of uncertain assumptions	19
(VI) Description of significant accounting items	19~34
(VII) Related party transactions	35~37
(VIII) Assets pledged as collateral	37
(IX) Significant contingent liabilities and unrecognized contractual commitments	37
(X) Losses from major disasters	37
(XI) Material events after the reporting period	37
(XII) Others	38~39
(XIII) Notes disclosure
1. Information on significant transactions	40~41
2. Information on reinvestees	42
3. Information on investments in Mainland China	43
(XV) Segment information	43
IX.Statements of Significant Account Titles	44~47

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Independent Auditors' Report

To the Board of Directors, Logah Technology Corporation:

Audit opinions

We have audited the accompanying balance sheet of Logah Technology Corporation as of December 31, 2025, and the statements of comprehensive income, changes in equity and cash flows for the period from January 1 to December 31, 2025, and the notes to the Parent Company Only Financial Statements (including a summary of significant accounting policies).

In our opinion, the above Parent Company Only Financial Statements have been prepared, in all material respects, in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and fairly present the financial position of Logah Technology Corporation as of December 31, 2025, and its financial performance and cash flows for the period from January 1 to December 31, 2025.

Basis for the Audit Opinion

We conducted our audit in accordance with the Regulation Governing Auditing and Certification of Financial Statements by Certified Public Accountants and auditing standards. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Parent Company Only Financial Statements section of our report. The personnel of our accounting firm subject to independence requirements have maintained independence from Logah Technology Corporation in accordance with the Norm of Professional Ethics for Certified Public Accountants, and have fulfilled other responsibilities under that norm. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the 2025 Parent Company Only Financial Statements of Logah Technology Corporation. These matters were addressed in the context of our audit of the Parent Company Only Financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. The key audit matters that, in our judgment, should be communicated in the audit report are as follows:

I. Revenue recognition

For the accounting policy on revenue recognition, please refer to Note 4(12), Revenue Recognition, to the Parent Company Only Financial Statements; for the description of revenue recognition, please refer to Note 6(13) to the Parent Company Only Financial Statements.

Description of key audit matters:

Logah Technology Corporation is engaged in the manufacture and sale of plastic structural component products. The delivery terms under sales contracts entered into with customers affect Logah Technology Corporation's determination of whether the timing of revenue recognition conforms to the point in time when control of goods is transferred; therefore, this area involves significant risk. Therefore, the test of revenue recognition was considered one of the key audit matters in the audit of Logah Technology Corporation's financial statements.

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Corresponding audit procedures:
- Assess the appropriateness of accounting policies for revenue recognition; perform tests of internal controls over the sales revenue cycle and examine the accuracy of the timing of revenue recognition;
- Perform variance analysis on the top ten sales customers to assess whether any material anomalies exist;
- Select a period before and after the balance sheet date to verify relevant supporting documents, in order to determine whether the related transactions have been properly recorded.

Other Matters
The 2024 Parent Company Only Financial Statements were audited by other auditors, who issued an unqualified audit report with a material uncertainty related to going concern paragraph on March 24, 2025.

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

In preparing the Parent Company Only Financial Statements, management is responsible for assessing Logah Technology Corporation's ability to continue as a going concern, disclosing related matters, and adopting the going concern basis of accounting, unless management intends to liquidate Logah Technology Corporation or cease operations, or has no realistic alternative but to do so.

Those charged with governance of Logah Technology Corporation (including the Audit Committee) are responsible for overseeing the financial reporting process.

Auditor's responsibilities for the audit of the parent company only financial statements
Our objectives are to obtain reasonable assurance on whether the Parent Company Only financial statements as a whole are free from material misstatement arising from fraud or error and to issue an independent auditors' report. Reasonable assurance is a high level of assurance, but an audit conducted in accordance with auditing standards does not guarantee that a material misstatement in the parent company only financial statements will always be detected. Misstatements can arise from fraud or error. Misstatements are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Parent Company Only Financial statements.

In conducting our audit in accordance with auditing standards, we exercised professional judgment and maintained professional skepticism throughout the audit. We also:
1. Identify and assess the risks of material misstatement, whether due to fraud or error, on the parent company only financial reports; design and perform countermeasures for assessed risks; obtain evidence that is sufficient and appropriate to serve as the basis of the audit opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
2. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Logah Technology Corporation's internal control.
3. Evaluated the appropriateness of accounting policies and the reasonableness of accounting estimates and related disclosures made by management.

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Based on the audit evidence obtained, conclude on the appropriateness of management's use of the going concern basis of accounting and whether a material uncertainty exists related to events or conditions that may cast significant doubt on Logah Technology Corporation's ability to continue as a going concern. In case where we consider that such events or circumstances have a material uncertainty, then relevant disclosure of the Parent Company Only Financial statements are required to be provided in our audit report to allow users of Parent Company Only Financial statements to be aware of such events or circumstances, or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause Logah Technology Corporation to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the parent company only financial reports (including related notes), and whether the parent company only financial reports fairly represent the underlying transactions and events.
Obtain sufficient and appropriate audit evidence regarding the financial information of investees accounted for using the equity method, to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision, and performance of the audit engagement, and for forming the audit opinion on Logah Technology Corporation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control identified during our audit.

We also provide those charged with governance with a statement that personnel within our firm who are subject to independence requirements have complied with the independence requirements in the Code of Professional Ethics for Certified Public Accountants, and communicate with those charged with governance all relationships and other matters that may reasonably be thought to bear on auditors' independence (including related safeguards).

From the matters communicated with those charged with governance, we determine the key audit matters for the audit of Logah Technology Corporation's 2025 Parent Company Only Financial Statements. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

KPMG

CPA:

Approval reference : Jin-Guan-Zheng-Shen-Zi No.
number for attestation : 1000011652
approved by the : Jin-Guan-Zheng-Liu-Zi No.
securities regulator : 0940100754
March 31, 2026

Logah Technology Corporation
Balance Sheet
December 31, 2025 and 2024

Unit: NTD thousand

Assets

Current assets:
1100 Cash and cash equivalents (Notes 6(1) and (16))
1170 Net accounts receivable (Notes 6(2), (13), (16) and 8)
1200 Other receivables (Note 6(16))
1210 Other receivables - related parties (Notes 6(16) and 7)
1220 Current income tax assets
1476 Other financial assets - current (Notes 6(3), (16) and 8)
1479 Other current assets

Non-current assets:
1550 Investments accounted for using the equity method (Note 6(4))
1600 Property, plant and equipment
1821 Other intangible assets, net
1840 Deferred tax assets (Note 6(10))
1980 Other financial assets - non-current (Note 6(3), (16) and 8)

Total assets

2025.12.31		2024.12.31
Amount	%	Amount	%
$ 65,399	13	8,258	2
109,861	23	103,069	24
-	-	1,221	-
26,694	5	129,920	31
25	-	35	-
10,057	2	-	-
370	-	395	-
212,406	43	242,898	57
268,742	56	175,975	42
529	-	249	-
137	-	286	-
3,519	1	4,343	1
307	-	1,260	-
273,234	57	182,113	43

$ 485,640 100 425,011 100

Liabilities and Equity

Current liabilities:
2100 Short-term borrowings (Notes 6(6), (16) and 8)
2170 Accounts payable (Note 6(16))
2180 Accounts payable - related parties (Notes (16) and 7)
2200 Other payables (Notes 6(7) and (16))
2220 Other payables - related parties (Notes 6(7), (16) and 7)
2320 Current portion of long-term liabilities (Notes 6(8), (16) and 7)
2399 Other current liabilities - other

Non-current liabilities:
2540 Long-term borrowings (Notes 6(8), (16) and 7)
2570 Deferred tax liabilities (Note 6(10))
2650 Credit balance of investments accounted for using the equity method (Note 6(4))

Total Liabilities

Equity attributable to owners of the parent (Note 6(11)):
3110 Common share capital
3200 Capital surplus
3350 Accumulated deficit
3400 Other equities

Total equity

Total liabilities and equities

2025.12.31		2024.12.31
Amount	%	Amount	%
$ 37,650	8	44,968	11
22,736	5	-	-
2,034	-	46,621	11
23,436	5	4,421	1
59,767	12	2,028	-
-	-	12,416	3
74	-	952	-
145,697	30	111,406	26
-	-	13,200	3
19,019	4	11,626	3
29,469	6	-	-
48,488	10	24,826	6
194,185	40	136,232	32
608,255	125	930,425	219
16,422	3	16,419	4
(409,299)	(84)	(703,588)	(166)
76,077	16	45,523	11
291,455	60	288,779	68
$ 485,640	100	425,011	100

Chairman: Cheng-Chiang Sun
(Please refer to the attached Notes to the Parent Company Only Financial Statements)
Manager: Sheng-Yuan Hsiao
Chief Accounting Officer: Wen-Ching Huang

Logah Technology Corporation
Statement of Comprehensive Income
January 1 to December 31, 2025 and 2024
Unit: NTD thousand

		2025		2024
		Amount	%	Amount	%
4000	Operating revenue (Note 6(13))	$ 12,279	100	10,346	100
5000	Operating costs	-	-	-	-
5900	Gross profit	12,279	100	10,346	100
6000	Operating expenses (Notes 6(9) and (14)):
6100	Selling expenses	514	4	677	6
6200	Administrative expenses	39,571	322	30,270	293
6300	Total operating expenses	40,085	326	30,947	299
6900	Net operating loss	(27,806)	(226)	(20,601)	(199)
	Non-operating income and expenses (Note 6(15)):
7100	Interest income	2,449	20	4,772	46
7010	Other income	1,959	16	656	7
7020	Other gains and losses	(355)	(3)	1,897	18
7050	Financial costs	(2,684)	(22)	(3,731)	(36)
7070	Portions of gain/loss from subsidiaries, associates, and joint ventures accounted for under the equity method	(50,865)	(414)	(186,665)	(1,804)
	Total non-operating incomes and expenses	(49,496)	(403)	(183,071)	(1,769)
	Net loss before tax	(77,302)	(629)	(203,672)	(1,968)
7950	Less: Income tax expense (benefit) (Note 6(10))	579	5	(139)	(1)
	Net loss for the period	(77,881)	(634)	(203,533)	(1,967)
8300	Other comprehensive income:
8360	Items that may subsequently be reclassified to profit or loss
8361	Exchange differences arising on translation of foreign operations	(22,173)	(181)	22,228	215
8399	Less: Income tax related to items that may be reclassified subsequently	(4,435)	(36)	4,446	43
8300	Other comprehensive profits or losses of current term	(17,738)	(145)	17,782	172
	Total comprehensive income for the current period	(95,619)	(779)	(185,751)	(1,795)
	Loss per share (NTD) (Note 6(12))
9750	Basic loss per share (NTD)	$	(1.40)		(3.65)

(Please refer to the attached Notes to the Parent Company Only Financial Statements)

Chairman: Cheng-Chiang Sun
Manager: Sheng-Yuan Hsiao
Chief Accounting Officer: Wen-Ching Huang

Logah Technology Corporation
Statement of Changes in Equity
January 1 to December 31, 2025 and 2024
Unit: NTD thousand

Balance as of January 1, 2024

Net loss for the period

Other comprehensive profits or losses of current term

Total comprehensive income for the current period

Arising from receiving donations

Balance as of December 31, 2024

Net loss for the period

Other comprehensive profits or losses of current term

Total comprehensive income for the current period

Issuance of common stock for cash

Capital reduction to offset losses

Disposal of investments accounted for using the equity method/subsidiaries

Gain from exercise of disgorgement rights

Balance at December 31, 2025

| Common share capital | Capital surplus | Accumulated deficit | Other items of equity
Exchange differences arising on translation of foreign operations | Total equity |
| --- | --- | --- | --- | --- |
| $ 930,425 | 7,327 | (500,055) | 27,741 | 465,438 |
| - | - | (203,533) | - | (203,533) |
| - | - | - | 17,782 | 17,782 |
| - | - | (203,533) | 17,782 | (185,751) |
| - | 9,092 | - | - | 9,092 |
| 930,425 | 16,419 | (703,588) | 45,523 | 288,779 |
| - | - | (77,881) | - | (77,881) |
| - | - | - | (17,738) | (17,738) |
| - | - | (77,881) | (17,738) | (95,619) |
| 50,000 | - | - | - | 50,000 |
| (372,170) | - | 372,170 | - | - |
| - | - | - | 48,292 | 48,292 |
| - | 3 | - | - | 3 |
| $ 608,255 | 16,422 | (409,299) | 76,077 | 291,455 |

(Please refer to the enclosed notes to the parent company only financial statements)

Chairman: Cheng-Chiang Sun
Manager: Sheng-Yuan Hsiao
Chief Accounting Officer: Wen-Ching Huang

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Logah Technology Corporation

Statement of Cash Flows

January 1 to December 31, 2025 and 2024

Unit: NTD thousand

	2025	2024
Cash flow from operating activities:
Net loss before tax for the period	$ (77,302)	(203,672)
Adjustment items:
Revenue and expense items:
Depreciation expense	253	129
Amortization cost	149	150
Interest expenses	2,684	3,731
Interest income	(2,449)	(4,772)
Share of loss of subsidiaries, associates and joint ventures	50,865	186,665
accounted for using the equity method
Loss on foreign currency exchange	-	1,700
Others	(788)	(362)
Total of income, expenses, gains and losses	50,714	187,241
Changes in assets/liabilities related to operating activities:
Increase in accounts receivable	(6,792)	(33,768)
Decrease in other receivables	1,221	3,097
Increase in other receivables from related parties	(17,253)	-
Decrease (increase) in other current assets	25	(163)
Total net changes in assets related to operating activities	(22,799)	(30,834)
Increase in accounts payable	22,736	-
(Decrease) increase in accounts payable - related parties	(44,587)	8,440
Increase (decrease) in other payables	19,015	(56)
Decrease in other payables - related parties	(1,544)	(2,669)
Decrease in other current liabilities	(875)	(1,434)
Total net changes in liabilities related to operating activities	(5,255)	4,281
Total net changes in assets and liabilities related to operating activities	(28,054)	(26,553)
Total adjustments	22,660	160,688
Cash inflow generated from operations	(54,642)	(42,984)
Interest received	2,449	4,154
Interest paid	(2,684)	(3,731)
Income tax refunded (paid)	10	(18)
Net cash outflow from operating activities	(54,867)	(42,579)

Logah Technology Corporation
Statement of Cash Flows (Continued)
January 1 to December 31, 2025 and 2024

Unit: NTD thousand

Cash flows from investing activities:
Acquisition of investments by equity method (71,715) - (56)
Acquisition of property, plant and equipment (533) - (56)
Decrease in other receivables-related parties 117,011 7,917
(Increase) decrease in other financial assets (9,104) 12,254
Net cash inflows from investing activities 35,659 20,115

Cash flows from financing activities:
Increase in short-term borrowings 110,679 121,199
Decrease in short-term borrowings (117,997) (95,499)
Proceeds from long-term borrowings - 15,550
Repayments of long-term borrowings (25,616) (30,273)
Increase in other payables-related parties 59,283 -
Issuance of common stock for cash 50,000 -
Net cash inflow from financing activities 76,349 10,977
Increase (decrease) in cash and cash equivalents for the current period 57,141 (11,487)
Opening balance of cash and cash equivalents 8,258 19,745
Closing balance of cash and cash equivalents $ 65,399 8,258

(Please refer to the enclosed notes to the parent company only financial statements)

Chairman: Manager: Chief Accounting Officer:
Cheng-Chiang Sun Sheng-Yuan Hsiao Wen-Ching Huang

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Logah Technology Corporation
Notes to Parent Company Only Financial Statements
2025 and 2024
(In NTD thousand unless otherwise stated)

I. Company History

Logah Technology Corporation (hereinafter referred to as “the Company”) was established on December 22, 2003, and is principally engaged in the trading of electronic materials, the manufacturing and sale of electronic products, and international trade. The Company has been listed for trading on the Taiwan Stock Exchange since March 16, 2009. Its registered address is No. 15, Lane 62, Caigong 1st Road, Zuoying District, Kaohsiung City.

II. Date and Procedures of Approval of the Financial Statements

The Parent Company Only Financial Statements were approved for issuance by the Board of Directors on March 26, 2026.

III. Application of Newly Issued and Amended Standards and Interpretations

(I) Impact of Adopting Newly Issued and Amended Standards and Interpretations Endorsed by the Financial Supervisory Commission (hereinafter referred to as the “FSC”)

The Company initially applied the following amended IFRS Accounting Standards endorsed by the Financial Supervisory Commission from January 1, 2025, which did not have a material impact on the parent company only financial statements.

Amendment to IAS 21 “Lack of Exchangeability”
Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments”, including the application guidance related to Section 4.1 of IFRS 9 and the related disclosure requirements of IFRS 7

(II) Impact of IFRS Accounting Standards endorsed by the FSC but not yet adopted

The Company has assessed that the initial application of the following amended IFRS Accounting Standards, effective from January 1, 2026, will not have a material impact on the parent company only financial statements.

Amendments to IFRS No. 17 “Insurance Contracts” and IFRS No. 17
Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments”, including the application guidance related to Sections 3.1 and 3.3 of IFRS 9 and IFRS
Annual Improvements to IFRS Accounting Standards
Amendments to IFRS 9 and IFRS 7 “Contracts Referencing Nature-dependent Electricity”

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Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(III) Newly Issued and Amended Standards and Interpretations Not Yet Endorsed by the FSC

The following standards and interpretations issued or amended by the International Accounting Standards Board but not yet endorsed by the FSC may be relevant to the Company:

Newly issued or amended standards	Main amendments	Effective date issued by the IASB
IFRS 18 “Presentation and Disclosure in Financial Statements”	The new standard introduces three categories of income and expenses, two subtotals in the statement of profit or loss, and one single note regarding management-defined performance measures. These three amendments strengthen guidance on how information is aggregated and disaggregated in the financial statements, laying the foundation for users to receive better and more consistent information, and will affect all companies.

• A more structured statement of profit or loss: Under current standards, companies use different formats to present their operating results, making it difficult for investors to compare financial performance across companies. The new standard adopts a more structured statement of profit or loss, introduces a newly defined “operating profit” subtotal, and requires all income and expenses to be classified into three new distinct categories according to the company’s main operating activities.

• Management-defined performance measures (MPMs): The new standard introduces a definition of management-defined performance measures and requires a company to explain in a single note to the financial statements why each measure provides useful information, how it is calculated, and how it is reconciled to amounts recognized in accordance with IFRS Accounting Standards.

• More disaggregated information: The new standard includes guidance on how companies should enhance the grouping and disaggregation of information in the financial statements. This includes guidance on whether information should be presented in the primary financial statements or further disaggregated in the notes. | January 1, 2027
Note: On September 25, 2025, the FSC issued a press release announcing that Taiwan will align with IFRS 18 in the 2028 fiscal year. If the Company needs to apply the requirements early, it may do so after approval from the FSC. |

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Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

The Company is currently assessing the impact of the above standards and interpretations on its financial position and results of operations, and the related impact will be disclosed upon completion of the assessment.

The Company expects that other new and revised standards not yet endorsed will not have a material impact on the parent company only financial statements.

Amendments to IFRS 10 and IAS 28 "Sale or Contribution of Assets between an Investor and its Associate or Joint Venture"
IFRS No. 19 "Disclosure Initiative - Subsidiaries without Public Accountability: Disclosures" and amendments to IFRS No. 19
Amendments to IAS 21 "Translation to a Hyperinflationary Presentation Currency"

IV. Summary of Significant Accounting Policies

The significant accounting policies presented in the parent company only financial statements are summarized below. The following significant accounting policies have been applied consistently to all periods presented in the parent company only financial statements.

(I) Compliance Statement

These parent company only financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

(II) Basis of Preparation

Basis of Measurement

These Parent Company Only Financial Statements have been prepared on a historical cost basis.

Functional Currency and Presentation Currency

The Company uses the currency of the primary economic environment in which it operates as its functional currency. These Parent Company Only Financial Statements are presented in New Taiwan dollars, the functional currency of the Company. All financial information expressed in NTD is in NTD thousand.

(III) Foreign Currency

Foreign currency transactions

Foreign currency transactions are translated into the functional currency at the exchange rates prevailing on the transaction date. Foreign currency monetary items denominated in foreign currencies at the end of each subsequent reporting period (hereinafter referred to as the "reporting date") are translated into the functional currency using the exchange rates at that date. Foreign currency non-monetary items measured at fair value are translated into the functional currency at the exchange rates prevailing on the date when the fair value is measured, while foreign currency non-monetary items measured at historical cost are translated at the exchange rates prevailing on the transaction date.

Foreign exchange differences arising from translation are generally recognized in profit or loss, except for the following circumstances where they are recognized in other comprehensive income:

(1) Designated as equity instruments measured at fair value through other comprehensive income;
(2) Financial liabilities designated as hedges of net investments in foreign operations to the extent that the hedges are effective; or
(3) Qualifying cash flow hedges to the extent that the hedges are effective.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

2. Foreign operations

The assets and liabilities of foreign operations, including goodwill arising on acquisition and fair value adjustments, are translated into New Taiwan dollars, the presentation currency of these Parent Company Only Financial Statements, at the exchange rates prevailing on the reporting date; income and expense items are translated into New Taiwan dollars, the presentation currency of these Parent Company Only Financial Statements, at the average exchange rates for the current period, and the resulting exchange differences are recognized in other comprehensive income.

When the disposal of a foreign operation results in a loss of control, joint control, or significant influence, the cumulative exchange differences related to that foreign operation are fully reclassified to profit or loss. Upon a partial disposal of an investment in an associate or joint venture that includes a foreign operation, the relevant cumulative exchange differences are reclassified to profit or loss on a pro rata basis.

For monetary receivables from or payables to a foreign operation, if there is neither a settlement plan nor is settlement likely in the foreseeable future, the foreign exchange gains or losses arising therefrom are deemed part of the net investment in that foreign operation and are recognized in other comprehensive income.

(IV) Classification criteria for current and non-current assets and liabilities

The Company classifies assets as current assets when any of the following conditions is met; all other assets are classified as non-current assets:

The asset is expected to be realized in, or is intended for sale or consumption in, the Company’s normal operating cycle;
The asset is held primarily for the purpose of trading;
The asset is expected to be realized within twelve months after the reporting period; or
The asset is cash or a cash equivalent (as defined in IAS 7), unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

The Company classifies liabilities as current liabilities when any of the following conditions is met; all other liabilities are classified as non-current liabilities:

The liability is expected to be settled in the Company’s normal operating cycle;
The liability is held primarily for the purpose of trading;
The liability is due to be settled within twelve months after the reporting period; or
The Company does not have an unconditional right at the end of the reporting period to defer settlement of the liability for at least twelve months after the reporting period.

(V) Cash and cash equivalents

Cash includes cash on hand and demand deposits. Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value. Time deposits that meet the foregoing definition and are held for the purpose of meeting short-term cash commitments rather than for investment or other purposes are reported as cash equivalents.

(VI) Financial instruments

Accounts receivable and debt securities issued are initially recognized when originated. All other financial assets and financial liabilities are initially recognized when the Company becomes a party to the contractual provisions of the instrument. Financial assets not measured at fair value through profit or loss (except for accounts receivable that do not contain a significant financing component) or financial liabilities are initially measured at fair value plus transaction costs that are directly attributable to the acquisition or issuance. Accounts receivable that do not contain a significant financing component are initially measured at the transaction price.

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Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Financial assets

The Company consistently applies trade date accounting or settlement date accounting to all purchases and sales of financial assets classified in the same way that are regular way purchases or sales.

Upon initial recognition, financial assets are classified as financial assets measured at amortized cost, debt instrument investments measured at fair value through other comprehensive income, equity instrument investments measured at fair value through other comprehensive income, or financial assets measured at fair value through profit or loss. The Company reclassifies all affected financial assets only when it changes its business model for managing financial assets and only from the 1st day of the next reporting period.

(1) Financial assets measured at amortized cost

Financial assets that meet the following conditions and are not designated as measured at fair value through profit or loss are measured at amortized cost:

The financial asset is held within a business model whose objective is to collect contractual cash flows.
The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

For such assets, the subsequent measurement is the initial recognized amounts plus/minus the accumulated amortization calculated by the effective interest method and any amortized cost of the allowance losses is adjusted. Interest income, foreign exchange gains and losses, and impairment losses are recognized in profit or loss. Upon derecognition, the gain or loss is recognized in profit or loss.

(2) Impairment of financial assets

The Company recognizes an allowance for expected credit losses on financial assets measured at amortized cost (including cash and cash equivalents, financial assets measured at amortized cost, accounts receivable, other receivables, guarantee deposits paid, and other financial assets).

The following financial assets are measured for loss allowance at an amount equal to 12-month expected credit losses, and the others are measured for loss allowance at an amount equal to lifetime expected credit losses:

Determining that the debt security has low credit risk as of the reporting date; and
Other debt securities and bank deposits for which credit risk (i.e., the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition.

The loss allowance for accounts receivable and contract assets is measured at an amount equal to lifetime expected credit losses.

When determining if credit risk has been significantly increased since the initial recognition, the Company considers reasonable information supported with evidence (that may be obtained without excessive cost or input), including qualitative and quantitative information, and the analyses conducted based the Company's past experience, credit assessment and forward-looking information.

The Company considers a financial asset to be in default when the contractual payments are more than 180 days past due or when there is internal or external information showing that the debtor is unlikely to pay its debts in full.

Lifetime expected credit losses are the expected credit losses that result from all possible default events over the expected life of a financial instrument.

~12~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

12-month expected credit losses are the portion of expected credit losses that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the financial instrument is less than 12 months).

The maximum period considered when measuring expected credit losses is the maximum contractual period over which the Company is exposed to credit risk.

Expected credit losses are a probability-weighted estimate of credit losses over the expected life of the financial instrument. The credit loss is measured at the current value of all cash shortfalls, i.e., the difference between the cash flow receivable pursuant to the contract, and the cash flow receivable expected by the Company. Expected credit losses are discounted at the effective interest rate of the financial asset.

At each reporting date, the Company evaluates if the financial asset measured at amortized cost has any credit impairments. A financial asset is credit-impaired when one or more events that have an adverse effect on the estimated future cash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events:

Significant financial difficulty of the borrower or issuer;
Default, such as delinquency or more than 180 days past due;
The Company, for economic or contractual reasons relating to the borrower's financial difficulty, having granted to the borrower a concession that the Company would not otherwise consider;
It is probable that the borrower will enter bankruptcy or other financial reorganization; or
The disappearance of an active market for that financial asset because of financial difficulties.

The loss allowance for financial assets measured at amortized cost is deducted from the carrying amount of the assets. The loss allowance for debt instrument investments measured at fair value through other comprehensive income is adjusted through profit or loss and recognized in other comprehensive income (without reducing the carrying amount of the assets).

When the Company does not reasonably expect to recover a financial asset in its entirety or a portion thereof, it directly reduces the gross carrying amount of the financial asset. For corporate customers, the Company individually analyzes the timing and amount of write-offs based on whether recovery is reasonably expected. The Company does not expect the amount written off to be materially reversed. However, the written-off financial assets may be enforced compulsorily, to meet the Company's procedures for collecting overdue amounts.

(3) Derecognition of financial assets

The Company derecognizes a financial asset only when the contractual rights to the cash flows from the asset expire, or when the Company has transferred the financial asset and substantially all the risks and rewards of ownership of the asset have been transferred to another entity, or when the Company has neither transferred nor retained substantially all the risks and rewards of ownership and has not retained control of the financial asset.

When the Company enters into transactions involving the transfer of financial assets, if it retains all or substantially all the risks and rewards of ownership of the transferred assets, it continues to recognize them in the balance sheet.

~13~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

2. Financial Liabilities and Equity Instruments

(1) Classification of Liabilities or Equity

Debt and equity instruments issued by the Company are classified as either financial liabilities or equity as per the substance of the contractual arrangements and the definitions of financial liabilities and equity instruments.

(2) Equity transactions

An equity instrument refers to any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recognized at the proceeds received, net of the cost of direct issue.

(3) Financial Liabilities

Financial liabilities are classified as subsequently measured at amortized cost or at fair value through profit or loss. Financial liabilities are classified as at fair value through profit or loss if they are held for trading, are derivatives, or are designated as such upon initial recognition. Financial liabilities at fair value through profit or loss are measured at fair value, and the related Net gains and losses, including any interest expense, are recognized in profit or loss.

Other financial liabilities are subsequently measured at amortized cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognized in profit or loss. Any gain or loss on derecognition is also recognized in profit or loss.

(4) Derecognition of financial liabilities

The Company derecognizes financial liabilities when fulfilling, cancelling or expiring contractual obligations. When the terms of a financial liability are modified and the cash flows of the modified liability are substantially different, the original financial liability is derecognized and a new financial liability is recognized at fair value based on the modified terms.

Upon derecognition of a financial liability, the difference between its carrying amount and the total consideration paid or payable (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.

(5) Offsetting of Financial Assets and Liabilities

For offsetting financial assets and liabilities, only when the Company is legally entitled to the executable rights for offsetting and has the intention to settle net or cash assets and repay liabilities simultaneously, does the Company offset such financial assets and liabilities and present the net amount on the balance sheet.

(6) Financial Guarantee Contracts

A financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument.

Financial guarantee contracts issued by the Company that are not designated as at fair value through profit or loss are initially measured at their fair value less directly attributable transaction costs and are subsequently measured at the higher of: (a) the amount of loss allowance determined in accordance with IFRS 9; and (b) the amount initially recognized less, when appropriate, the cumulative amount of income recognized in accordance with the following revenue recognition principles.

~14~

~15~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(VII) Investments in subsidiaries

In preparing the parent company only financial statements, investments in subsidiaries are accounted for using the equity method. The profit or loss during the period and other comprehensive income presented in parent company only financial statements shall be the same as the allocations of profit or loss during the period and of other comprehensive income attributable to owners of the parent presented in the financial reports prepared on a consolidated basis, and the owners' equity presented in the parent company only financial statements shall be the same as the equity attributable to owners of the parent presented in the financial reports prepared on a consolidated basis.

Changes in the Company's ownership interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions with owners.

(VIII) Property, Plant and Equipment

1. Recognition and measurement

Items of property, plant and equipment are measured at cost, less accumulated depreciation and any accumulated impairment losses, including capitalized borrowing costs.

If significant parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items, major components, of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss.

2. Subsequent expenses

Subsequent expenditures are capitalized only when it is highly probable that future economic benefits will flow to the Company.

3. Depreciation

Depreciation is calculated on the cost of an asset less its residual value and recognized in profit or loss on a straight-line basis over the estimated useful lives of each component.

Land is not depreciated.

The estimated useful lives for the current period and the comparable periods are as below:

(1) Biological equipment 3~5 years
(2) Leasehold improvements 2 years

The Company reviews the depreciation method, useful lives and residual value at each annual reporting date and makes appropriate adjustments when necessary.

(IX) Leases

The Company assesses whether a contract is, or contains, a lease at the date of inception of the contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

1. Lessee

The Company recognizes a right-of-use asset and a lease liability at the commencement date of the lease. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability, adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset and restore the site on which it is located or the underlying asset, less any lease incentives received.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date of the lease to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. In addition, the right-of-use asset is periodically assessed by the Company for any impairment and any incurred impairment losses, is treated and adjusted for certain remeasurements of the lease liability.

Lease liabilities are initially measured at the present value of the lease payments that are unpaid on the commencement date of the lease. If the interest rate implicit in the lease is readily determinable, that rate is used as the discount rate. If not, the Company's incremental borrowing rate is used. Generally, the Company uses its incremental borrowing rate as the discount rate.

Lease payments included in the measurement of lease liabilities include:

(1) Fixed payments, including in-substance fixed payments;
(2) Variable lease payments that depend on an index or a rate, initially measured using the index or rate at the commencement date of the lease;
(3) Amounts expected to be payable under residual value guarantees; and
(4) The exercise price under a purchase option if reasonably certain to be exercised, or penalties for terminating the lease if the lease term reflects the lessee exercising an option to terminate the lease.

Subsequently, the interest is provided for the lease liability with the effective interest method and the amount is remeasured if any of the following circumstances occur:

(1) There is a change in the index or rate used to determine lease payments, resulting in a change in future lease payments;
(2) There is a change in the amount expected to be payable under a residual value guarantee;
(3) There is a change in the assessment of an option to purchase the underlying asset;
(4) There is a change in the estimate of whether an extension or termination option will be exercised, resulting in a change in the assessment of the lease term;
(5) There is a modification to the lease, such as changes in the underlying asset, scope, or other terms.

When lease liabilities are remeasured due to changes in the index or rate used to determine lease payments, changes in amounts expected to be payable under residual value guarantees, and changes in the assessment of purchase, extension, or termination options as described above, a corresponding adjustment is made to the carrying amount of the right-of-use asset, and any remaining remeasurement amount is recognized in profit or loss when the carrying amount of the right-of-use asset is reduced to zero.

For lease modifications that decrease the scope of the lease, the carrying amount of the right-of-use asset is reduced to reflect the partial or full termination of the lease, and the difference between such amount and the remeasurement amount of the lease liability is recognized in profit or loss.

The Company presents right-of-use assets that do not meet the definition of investment property and lease liabilities as separate line items in the balance sheet.

For short-term leases of equipment and leases of low-value underlying assets, the Company elects not to recognize right-of-use assets and lease liabilities and recognizes the related lease payments as an expense on a straight-line basis over the lease term.

(X) Intangible assets

Recognition and measurement

The Company measures other intangible assets with finite useful lives at cost less accumulated amortization and accumulated impairment.

~16~

~17~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

2. Subsequent expenses

Subsequent expenditures are capitalized only when they increase the future economic benefits of the relevant specific asset. All other expenditures are recognized in profit or loss as incurred, including internally generated goodwill and brands.

3. Amortization

Except for goodwill, amortization is calculated based on the cost of an asset less its estimated residual value, and is recognized in profit or loss on a straight-line basis over its estimated useful life from the date the intangible asset is available for use.

The estimated useful lives for the current period and the comparable periods are as below:

Computer software costs 5 years

The Company reviews the amortization method, useful life, and residual value of intangible assets at each annual reporting date and makes appropriate adjustments when necessary.

(XI) Impairment of non-financial assets

The Company assesses at each reporting date whether there is any indication that the carrying amount of non-financial assets (other than inventories, contract assets, and deferred tax assets) may be impaired. If any such indication exists, the recoverable amount of the asset is estimated. Goodwill is tested for impairment annually.

For the purpose of impairment testing, a group of assets generating cash inflows that are largely independent of the cash inflows from other individual assets or groups of assets is treated as the smallest identifiable group of assets.

The recoverable amount is the higher of an individual asset's or cash-generating unit's fair value less costs of disposal and its value in use. In assessing value in use, estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or cash-generating unit.

If the recoverable amount of an individual asset or cash-generating unit is less than its carrying amount, an impairment loss is recognized.

An impairment loss is recognized immediately in profit or loss, and the carrying amount of any goodwill allocated to the cash-generating unit is reduced first, then the carrying amount of each other asset in the unit is reduced proportionately based on the carrying amount of each asset.

(XII) Recognition of revenue

Revenue from contracts with customers

Revenue is measured based on the consideration to which the Group expects to be entitled in exchange for transferring goods or services. The Company recognizes revenue when it satisfies a performance obligation by transferring control of goods or services to a customer.

For commission income transactions, the Company acts as an agent rather than a principal because the Company concluded that it did not control the goods before they were transferred to customers.

(XIII) Employee benefits

1. Defined contribution plan

The contribution obligation for defined contribution plans is recognized as an expense during the period in which employees render services. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

2. Termination benefits

Termination benefits are recognized as an expense at the earlier of when the Company can no longer withdraw the offer of those benefits and when the Company recognizes related restructuring costs. When termination benefits are not expected to be settled in full within twelve months after the reporting date, they are discounted.

3. Short-term employee benefits

Short-term employee benefit obligations are recognized as an expense when the related service is rendered. If the Company has a present legal or constructive obligation to pay as a result of past services rendered by an employee and the obligation can be estimated reliably, the amount is recognized as a liability.

(XIV) Income tax

Income tax includes current income tax and deferred income tax. Except for items related to business combinations or recognized directly in equity or other comprehensive income, current income tax and deferred income tax are recognized in profit or loss.

Current income tax includes the estimated income tax payable or tax refund receivable calculated based on taxable income (loss) for the year, and any adjustment to income tax payable or tax refund receivable in respect of prior years. The amount reflects the best estimate of the amount expected to be paid or received, measured using the enacted or substantively enacted tax rate at the reporting date, after taking into account uncertainties related to income taxes, if any.

Deferred income tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities at the reporting date and their respective tax bases. Deferred income tax is not recognized for temporary differences arising from the following circumstances:

Assets or liabilities arising from a transaction that is not a business combination and, at the time of the transaction, (i) do not affect accounting profit or taxable income (loss), and (ii) do not give rise to equal taxable and deductible temporary differences;
Temporary differences arising from investments in subsidiaries, associates, and joint venture interests, where the Company is able to control the timing of reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future; and
Taxable temporary differences arising on the initial recognition of goodwill.

A deferred income tax asset is recognized for the carryforward of unused tax losses, unused income tax credits, and deductible temporary differences to the extent that it is probable that future taxable income will be available against which they can be utilized. It is reassessed at each reporting date and reduced to the extent that the related income tax benefits are no longer probable to be realized; or the amount previously reduced is reversed to the extent that it becomes probable that sufficient taxable income will be available.

Deferred income tax is measured at the tax rates that are expected to apply when the temporary differences reverse, based on the statutory tax rates or substantively enacted tax rates at the reporting date, and has reflected income tax-related uncertainties.

The Company offsets deferred income tax assets and deferred income tax liabilities only when all of the following conditions are met:

Has the legal right to offset current income tax assets against current income tax liabilities; and
Deferred income tax assets and deferred income tax liabilities are related to one of the following taxable entities that are subject to income tax levied by the same taxation authority:

(1) The same taxpayer; or

~18~

~19~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(2) Different taxpayers intend to recover significant deferred income tax assets and settle deferred income tax liabilities in each future period, either by netting current income tax liabilities and assets, or by realizing assets and settling liabilities simultaneously.

(XV) Earnings Per Share

The Company presents basic and diluted earnings per share attributable to the ordinary equity holders of the Company. The Company's basic earnings per share is calculated by dividing the profit or loss attributable to ordinary equity holders of the Company by the weighted-average number of ordinary shares outstanding during the period. Diluted earnings per share is calculated by having the profit and loss attributable to the Company's common stock shareholders and the weighted average number of common stock shares outstanding adjusted for the effects of all potential diluted common stock shares, respectively.

(XVI) Segment Information

The Company has disclosed segment information in the Consolidated Financial Statements; therefore, segment information is not disclosed in the Parent Company Only Financial Statements.

V. Significant accounting judgments, estimates, and main sources of uncertain assumptions

In preparing these Parent Company Only Financial Statements, management is required to make judgments and estimates about the future, including climate-related risks and opportunities, which affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from estimates.

The management level continuously reviews estimates and basic assumptions to ensure they align with the Company's risk management and climate-related commitments. Changes to these estimates are recognized in the period the change occurs and in future affected periods.

The following assumptions and uncertainties in estimates have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year, and the relevant information is as follows:

(I) Recognition of Deferred Income Tax Assets

Deferred tax assets are recognized only when it is probable that sufficient future taxable income will be available against which the deductible temporary differences and loss carryforwards can be utilized. The Company assesses the realizability of deferred income tax assets based on assumptions regarding expected future sales revenue growth, profit margins, tax exemption periods, available income tax credits, and tax planning. Changes in the economic and industry environment, as well as changes in laws and regulations, may result in material adjustments to deferred tax assets.

VI. Description of Significant Accounting Items

(I) Cash and cash equivalents

Cash on hand and penny cash
Cash in banks

2025.12.31	2024.12.31
$ 11	11
65,388	8,247
$ 65,399	8,258

Restricted bank deposits that do not qualify as cash and cash equivalents have been reclassified to other financial assets. Please refer to Note 8.
For disclosures on interest rate risk and sensitivity analysis of the Company's financial assets and liabilities, please refer to Note 6(16).

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(II) Accounts receivable

	2025.12.31	2024.12.31
Accounts receivable	$ 109,861	103,069
Less: Allowance for bad debts	-	-
	$ 109,861	103,069

The Company applies the simplified approach to estimate expected credit losses for all accounts receivable, i.e. the use of lifetime expected credit losses for measurement purposes. For this measurement purpose, such accounts receivable are grouped on the basis of shared credit risk characteristics that represent the customers' ability to pay all amounts due in accordance with the contract terms, and forward-looking information has been incorporated, including macroeconomic and relevant industry information.

The expected credit loss analysis of the Company's accounts receivable is as follows:

	2025.12.31
	Accounts receivables book value	Weighted-average expected credit loss rate	Allowance for lifetime expected credit losses
Not Past Due	$ 108,717	0%	-
Overdue under 60 days	1,144	0%	-
	$ 109,861		-
	2024.12.31
	Accounts receivables book value	Weighted-average expected credit loss rate	Allowance for lifetime expected credit losses
Not Past Due	$ 101,102	0%	-
Overdue under 60 days	1,967	0%	-
	$ 103,069		-

The Company's average credit period for sales of goods is 30~180 days, and no interest is charged on accounts receivable.
For the Company's accounts receivable exposed to credit risk and foreign exchange risk, please refer to Note 6(16).
For details of the aforementioned financial assets pledged as collateral for borrowings, please refer to Note 8.

(III) Other financial assets

	2025.12.31	2024.12.31
Refundable deposits	$ 307	50
Pledge bank deposit	10,057	1,210
Total	$ 10,364	1,260
Current	$ 10,057	-
Non-current	307	1,260
Total	$ 10,364	1,260

For details of the pledge and guarantee of the Company's other financial assets, please refer to Note 8.

~21~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(IV) Investments accounted for using the equity method

The Company's investments accounted for using the equity method at the reporting date are presented as follows:

	2025.12.31	2024.12.31
Subsidiary	$ 239,273	175,975
Add: Credit balance of investments accounted for using the equity method	29,469	-
	$ 268,742	175,975

Subsidiary

Please refer to the 2025 consolidated financial statements.

(V) Loss of control over subsidiaries

Suzhou Longdeng Electronic Technologies Limited

To revitalize assets and enrich working capital, on March 5, 2025, the proposed disposal of the 100% equity interest in the significant subsidiary Suzhou Longdeng was Approved by resolutions of the Audit Committee and the Board of Directors. The tentative disposal price of the equity interest was RMB 26,819 thousand (calculated as RMB 180,000 thousand from the sale of land use rights and plant buildings less net liabilities), and the disposal consideration calculated based on the net liabilities of Suzhou Longdeng as of December 30, 2025 was NTD 89,290 thousand (RMB 20,000 thousand).

Pursuant to the equity transfer agreement signed on May 15, 2025, the Company will deliver the equity interest in Suzhou Longdeng in installments, with the 1st delivery being 70% and the 2nd delivery being 30%, and the 2nd delivery to be completed within half a year after the 1st delivery. In accordance with the aforesaid equity transfer agreement, after the delivery of the 70% equity interest and completion of the transfer of operating control, the Company will not assume subsequent creditor's rights and liabilities. The Company completed the transfer of operating control on December 30, 2025 and assessed that it lost control over Suzhou Longdeng from that date. Therefore, from that date, Suzhou Longdeng is no longer a subsidiary of the Company.

(VI) Short-term borrowings

The details of the Company's short-term borrowings are as follows:

	2025.12.31	2024.12.31
Secured bank loan	$ 37,650	44,968
Unused facilities	$ 12,558	7,408
Interest Rate	5.62%	5.80%~5.96%

The additions in 2025 and 2024 were NTD 110,679 thousand and NTD 121,199 thousand, respectively, with maturity dates in March 2026 and April 2025, respectively; the amounts repaid were NTD 117,997 thousand and NTD 95,499 thousand, respectively.
For details of the Company's assets pledged as collateral for bank borrowings, please refer to Note 8.
Part of the above borrowings was endorsed and guaranteed by the Company's substantively related parties, Hui-Fa Yu (Chairman of the Company as of December 31, 2024) and Shu-Chen Lin. Please refer to Note 7 for details.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(VII) Other payables (including related parties)

	2025.12.31	2024.12.31
Borrowings payable to related parties	$ 59,283	-
Salaries and year-end bonuses payable	1,508	1,687
Service fee payable	3,258	1,870
Payable for dies	14,367	2,028
Payables for utilities	-	-
Others	4,787	864
	$ 83,203	6,449
Other payables	$ 23,436	4,421
Other payables - related parties	59,767	2,028
	$ 83,203	6,449

(VIII) Long-term borrowings

The details of the Company's long-term borrowings are as follows:

	2024.12.31
Unsecured other borrowings	$ 7,616
Secured bank loan	18,000
Less: portion due within one year	(12,416)
Total	$ 13,200
Unused facilities	-
Interest Rate	3.26%~7.82%

For details of the Company's assets pledged as collateral for bank borrowings, please refer to Note 8.
Part of the above borrowings was endorsed and guaranteed by the Company's substantively related parties, Hui-Fa Yu (Chairman of the Company as of December 31, 2024) and Shu-Chen Lin. Please refer to Note 7 for details.
The Company's other borrowings mainly consist of borrowings from finance companies.

(IX) Employee benefits

Defined contribution plan

The Company's defined contribution plan is in accordance with the Labor Pension Act and contributes 6.00% of each employee's monthly wages to the employees' individual labor pension accounts at the Bureau of Labor Insurance. Under this plan, after the Company contributes a fixed amount to the Bureau of Labor Insurance, the Company has no legal or constructive obligation to pay additional amounts.

The pension costs under the Company's defined contribution pension plan are as follows and have been contributed to the Bureau of Labor Insurance:

	2025	2024
Operating expenses	$ 899	886

(X) Income tax

The details of the Company's income tax expense (benefit) for 2025 and 2024 are as follows:

	2025	2024
Deferred income tax expense (benefit)	$ 579	(139)
Income tax expense (benefit)	$ 579	(139)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

The details of income tax (benefit) expense recognized by the Company under other comprehensive income for 2025 and 2024 are as follows:

	2025	2024
Items that may be reclassified subsequently to profit or loss:
Exchange differences arising on translation of foreign operations	$ (693)	7,058
Share of other comprehensive profit or loss of subsidiaries using the equity method	(3,742)	(2,612)
	$ (4,435)	4,446

The reconciliation of the relationship between the Company's income tax expense (benefit) and net loss before tax for 2025 and 2024 is as follows:

	2025	2024
Net loss before tax	$ (77,302)	(203,672)
Income tax calculated at the domestic tax rate applicable in the jurisdiction where the Company is located	(15,460)	(40,734)
Non-deductible expenses	(1,570)	18,183
Changes in temporary differences for which deferred tax assets were not recognized	11,209	22,412
Changes in recognized temporary differences	579	-
Current taxable losses for which deferred tax assets were not recognized	5,821	-
Income tax expense (benefit)	$ 579	(139)

Deferred tax assets and liabilities

(1) Unrecognized deferred income tax assets

The items not recognized by the Company as deferred income tax assets are as follows:

	2025.12.31	2024.12.31
Losses from foreign investments	$ 80,382	68,858
Tax losses	41,508	43,126
	$ 121,890	111,984

Tax losses are losses incurred in the previous ten years, as determined by the tax collection authority in accordance with the Income Tax Act, that may be deducted from the current year's net profit before income tax is assessed. These items are not recognised as deferred income tax assets because it is not highly probable that the Company will have sufficient taxable income in the future against which these temporary differences can be utilised.

As of December 31, 2025, the expiry dates of the Company's tax losses are as follows:

Year of losses	Losses not yet deducted	Expiry date
2016 (Verified)	$ 28,401	2026
2017 (Verified)	22,035	2027
2018 (Verified)	12,742	2028
2019 (Verified)	17,072	2029
2020 (Verified)	21,216	2030

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Year of losses	Losses not yet deducted	Expiry date
2021 (Verified)	20,780	2031
2022 (Verified)	19,406	2032
2023 (Verified)	19,290	2033
2024 (Verified)	17,493	2034
2025 (Estimated)	29,103	2035
	$ 207,538

(2) Recognized deferred income tax assets and liabilities

Changes in the deferred tax assets and liabilities for 2025 and 2024 are as follows:

	Unrealized exchange loss	Unrealized gain with subsidiaries	Total
Deferred income tax assets:
Balance as of January 1, 2025	$ 261	4,082	4,343
Charged/credited to profit or loss	(261)	(563)	(824)
Balance as of December 31, 2025	$ -	3,519	3,519
Balance as of January 1, 2024	$ 644	4,560	5,204
Charged/credited to profit or loss	(383)	(478)	(861)
Balance as of December 31, 2024	$ 261	4,082	4,343
	Exchange differences on translating foreign operations	Others	Total
---	---	---	---
Deferred income tax liabilities:
Balance as of January 1, 2025	$ 11,381	245	11,626
Debit/(credit) to profit or loss	-	(245)	(245)
Debit/(credit) to other comprehensive income	(4,435)	-	(4,435)
Loss of control over a subsidiary	12,073	-	12,073
Balance as of December 31, 2025	$ 19,019	-	19,019
Balance as of January 1, 2024	$ 6,935	1,245	8,180
Debit/(credit) to profit or loss	-	(1,000)	(1,000)
Debit/(credit) to other comprehensive income	4,446	-	4,446
Balance as of December 31, 2024	$ 11,381	245	11,626

The Company's corporate income tax returns have been assessed and approved by the tax authorities up to 2023.

(XI) Capital and other equity

As of December 31, 2025 and 2024, the Company's total authorized share capital was NTD 2,000,000 thousand, with a par value of NTD 10 per share, totaling 200,000 thousand shares, and the issued common shares were 60,825 thousand shares and 93,042 thousand shares, respectively. All payments for all issued shares have been received.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

The reconciliation of the Company's outstanding shares for 2025 and 2024 is as follows:

	(Expressed in thousands of shares) Common shares
	2025	2024
Beginning balance as of January 1	93,042	93,042
Issuance of common stock for cash	5,000	-
Capital reduction	(37,217)	-
Ending balance as of December 31	60,825	93,042

Issuance of common shares

On May 12, 2025, the Board of Directors resolved to undertake a capital reduction to offset losses in order to improve the Company's financial structure, canceling 37,217 thousand shares, representing a capital reduction ratio of 40.00000064%, and also resolved to issue common shares through private placement in four tranches within one year from the date of the AGM resolution, up to a maximum of 40,000 thousand shares. The aforementioned capital reduction was also Approved by the AGM on June 27, 2025, became effective upon filing on November 5, 2025, and on the same day, the Board of Directors resolved to set November 5, 2025 as the capital reduction record date. The relevant statutory registration procedures have been completed.

On December 23, 2025, the Board of Directors resolved to issue 5,000 thousand common shares through private placement at a price of NTD 10 per share, with a par value of NTD 10 per share, totaling NTD 50,000 thousand, and set December 31, 2025 as the capital increase record date. The relevant statutory registration procedures were completed on January 21, 2026.

As of December 31, 2025 and 2024, the issued shares after the aforementioned capital reduction included 23,000 thousand shares and 30,000 thousand shares of privately placed common shares, respectively, and the public offering procedures have not yet been completed. The information on the previous privately placed common shares is as follows:

Private Placement Date	2025.12.31		2024.12.31
	Privately placed shares (thousand shares)	Privately Place Amount	Privately placed shares (thousand shares)	Privately Place Amount
July 19, 2019	3,000$	18,810	5,000	31,350
July 24, 2019	3,000	18,810	5,000	31,350
November 14, 2019	3,000	15,000	5,000	25,000
November 20, 2019	3,000	15,000	5,000	25,000
December 7, 2020	3,000	29,040	5,000	48,400
December 16, 2020	3,000	29,040	5,000	48,400
December 31, 2025	5,000	50,000	-	-
	23,000$	175,700	30,000	209,500

Capital reserves

The Company's capital reserve balance is as follows:

	2025.12.31	2024.12.31
Share premium	$ 7,327	7,327
Shareholder gift received	9,092	9,092
Others	3	-
	$ 16,422	16,419

~26~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

In June 2024, Suzhou Ruideng entered into a tripartite agreement with shareholder Liyu Technology Co., Ltd. (Liyu) and its subsidiary Longdeng Electronic Technology (Shenzhen) Co., Ltd. (Shenzhen Longdeng), whereby the claims of Shenzhen Longdeng were transferred to its parent company Liyu, and Liyu then entered into a debt forgiveness agreement with Suzhou Ruideng, under which Liyu agreed to waive its claims against Suzhou Ruideng. Accordingly, the original other payables - related parties of 9,092 thousand (RMB 2,000 thousand) were transferred to capital reserve - shareholder gift received.

3. Retained earnings

In accordance with the Company's Articles of Incorporation, where the Company's annual final accounts show a surplus, taxes shall first be paid, prior years' losses shall be offset, and 10% shall then be set aside as legal reserve; however, this shall not apply where the legal reserve has reached the Company's paid-in capital. In addition, special reserve shall be appropriated or reversed in accordance with laws or regulations or as required by the competent authority. Where any surplus remains, together with accumulated unappropriated retained earnings, the Board of Directors shall prepare an earnings distribution proposal and submit it to the AGM for resolution.

The Company's future dividend distribution shall be based on the principle of balancing the Company's future operational development, sound financial structure, and maintenance of shareholder returns, and cash dividends shall not be less than 10% of the current year's distribution amount.

(1) Legal reserve

When the company has no losses, the AGM may resolve to issue new shares or distribute cash from the legal reserve, provided that such reserve exceeds 25% of the paid-in capital.

(2) Earnings distribution

The Company ratified the deficit compensation proposals for 2024 and 2023 at the AGM on June 27, 2025 and May 23, 2024, respectively. Relevant information is available on the Market Observation Post System.

4. Other equity

	Exchange differences arising on translation of foreign operations
Balance as of January 1, 2025	$ 45,523
Exchange differences from translating the net assets of foreign operations	(17,738)
Reclassification to profit or loss of gain or loss on disposal of foreign operations	48,292
Balance as of December 31, 2025	$ 76,077
Balance as of January 1, 2024	$ 27,741
Exchange differences from translating the net assets of foreign operations	17,782
Balance as of December 31, 2024	$ 45,523

~27~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(XII) Loss per share

The Company's basic loss per share is calculated as follows:

	2025	2024
Basic loss per share
Net loss attributable to ordinary equity holders of the Company	$ (77,881)	(203,533)
Weighted average number of issued ordinary shares (thousand shares)	55,825	55,825
Basic earnings (loss) per share (NTD)	$ (1.40)	(3.65)

The Company, on November 5, 2025, obtained approval from the Board of Directors to set November 5, 2025 as the capital reduction record date. The above weighted average number of outstanding shares shall be retrospectively stated in the current and comparative financial statements in accordance with paragraph 64 of IAS 33, "Earnings per Share".

There was no dilutive effect in 2025 and 2024; therefore, diluted earnings per share need not be disclosed.

(XIII) Revenue from contracts with customers

1. Disaggregation of revenue

	2025	2024
Main product/service lines:
Net sales revenue of products	$ 12,279	10,346
Total sales revenue of products and costs are listed as below:
Total sales revenue of products	$ 262,957	220,970
Cost of goods sold	$ 250,678	210,624

2. Contract balance

	2025.12.31	2024.12.31	2024.1.1
Accounts receivable	$ 109,861	103,069	69,301
Less: Allowance for bad debts	-	-	-
Total	$ 109,861	103,069	69,301

For the disclosure of accounts receivable and impairment thereof, please refer to Note 6(2).

(XIV) Employees' and directors' remuneration

The Company amended its Articles of Incorporation by resolution of the AGM on June 27, 2025. According to the amended Articles of Incorporation, where there are profits, $1\% \sim 3\%$ shall be appropriated as employees' remuneration (of which more than $20\%$ shall be distributed to grassroots employees) and not more than $1.5\%$ as directors' remuneration. However, if the Company has accumulated losses, an amount shall be reserved in advance to cover such losses. The recipients of employees' remuneration in shares or cash under the preceding paragraph include employees of subordinate companies meeting certain conditions, while the Articles of Incorporation before amendment provided that, where there are profits in a year, $1\% \sim 3\%$ shall be appropriated as employees' remuneration and not more than $1.5\%$ as directors' remuneration. However, if the Company has accumulated losses, an amount shall be reserved in advance to cover such losses.

The Company had accumulated losses in 2025 and 2024; therefore, no employees' remuneration or directors' remuneration was accrued. If the actual distributed amount in the following year differs from the estimated amount, it shall be treated as a change in accounting estimate, and the effect of such change shall be recognized in profit or loss in the following year.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

As both 2024 and 2023 were years of accumulated losses, the Board of Directors of the Company resolved on March 12, 2025 and March 4, 2024, respectively, not to distribute employees' remuneration and directors' remuneration. Relevant information is available on the Market Observation Post System.

(XV) Non-operating income and expenses

Interest income

The breakdown of the interest income of the Company in 2025 and 2024 is as follows:

	2025	2024
Interest income from bank deposits	$ 85	503
Others	2,364	4,269
Interest income	$ 2,449	4,772

Other income

The breakdown of other income of the Company in 2025 and 2024 is as follows:

	2025	2024
Other income	$ 1,959	656

Other gains or losses

The breakdown of other gains and losses of the Company in 2025 and 2024 is as follows:

	2025	2024
Net foreign currency exchange gain (loss)	$ (152)	2,131
Other gains and losses	(203)	(234)
	$ (355)	1,897

Financial costs

The breakdown of finance costs of the Company in 2025 and 2024 is as follows:

	2025	2024
Interest on bank borrowings	$ (2,365)	(2,415)
Interest on other borrowings	(319)	(1,316)
	$ (2,684)	(3,731)

(XVI) Financial instruments

Credit risk

(1) Exposure to credit risk

The Company's maximum credit risk exposure as of December 31, 2025 and 2024 that could arise from counterparties' failure to perform obligations and financial guarantees provided by the Company mainly arose from:

Carrying amount of financial assets recognized in the balance sheet; and
The amounts of financial guarantees provided by the Company were NTD 80,338 thousand and NTD 86,864 thousand, respectively.

(2) Concentration of credit risk

Credit risk refers to the risk of financial loss to the Company if a counterparty fails to fulfill its contractual obligations. As at the end of the reporting period, the Company's maximum exposure to credit risk, which would cause a financial loss to the Company due to the failure of counterparties to discharge an obligation and financial guarantees provided by the Company, could arise from the carrying amounts of the respective recognized financial assets as stated in the balance sheets.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

When the counterparties to the Company's receivables are significantly concentrated in a few parties, most of whom are engaged in similar business activities and have similar economic characteristics, causing their ability to perform contractual obligations to be similarly affected by economic or other conditions, a concentration of credit risk arises. The balances of receivables from customers with significant concentrations of credit risk are as follows:

	2025.12.31	2024.12.31
Company A	$ 93,460	69,633
Company B	9,702	23,604
Company C	209	6,260
Company D	4,945	1,612
	$ 108,316	101,109

The Company's credit risk is mainly concentrated in its top four customers. As of December 31, 2025 and 2024, the percentages of accounts receivable from the aforementioned customers were 99% and 98%, respectively.

(3) Credit risk of receivables and debt securities

For information on credit risk exposure of accounts receivable, please refer to Note 6(2).

Other financial assets measured at amortized cost include other receivables and other financial assets. All of the above are financial assets with low credit risk; therefore, the allowance loss during the period is measured at an amount equal to 12-month expected credit losses. No allowance loss was recognized in 2025 and 2024.

Liquidity risk

The Company manages and maintains sufficient cash positions to support the Group's operations and mitigate the impact of fluctuations in cash flows. The Company's management monitors the utilization of bank credit facilities and ensures compliance with the terms of borrowing agreements. Bank and related party borrowings are important sources of liquidity for the Company.

For the Company's unused financing facilities, please refer to Notes 6(6) and (8).

For the Company's sound financial plan to improve liquidity risk, please refer to Note 12(2).

The table below shows the contractual maturities of financial liabilities, including estimated interest but excluding the effect of netting agreements.

	Carrying amount	Cash flows of contract	On demand or less than 1 month	1-3 months	3 months-1 year	1-5 years	More than 5 years
December 31, 2025
Non-derivative financial liabilities
Long-term and short-term borrowings	$ 37,650	38,176	101	38,075	-	-	-
Accounts payable (including those to related parties)	107,973	107,973	5,017	17,714	85,242	-	-
Financial guarantee liabilities	-	80,338	80,338	-	-	-	-
	$ 145,623	226,487	85,456	55,789	85,242	-	-
December 31, 2024
Non-derivative financial liabilities
Long-term and short-term borrowings	$ 70,584	72,583	16,099	23,236	19,433	13,815	-
Accounts payable (including those to related parties)	53,070	53,070	12,103	10,561	30,406	-	-

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

	Carrying amount	Cash flows of contract	On demand or less than 1 month	1-3 months	3 months-1 year	1-5 years	More than 5 years
Financial guarantee liabilities	-	86,864	86,864	-	-	-	-
	$ 123,654	212,517	115,066	33,797	49,839	13,815	-

The Company does not expect the timing of cash flows in the maturity analysis to occur significantly earlier, or the actual amounts to be significantly different.

Exchange rate risk

(1) Exposure to exchange rate risk

The Company's financial assets and liabilities exposed to significant foreign currency exchange rate risk are as follows:

	2025.12.31			2024.12.31
	Foreign Currency	Exchange rate	NTD	Foreign Currency	Exchange rate	NTD
Financial assets
Monetary items
USD:NTD	$ 5,081	31.380	159,427	7,227	32.735	236,573
Non-monetary items
USD:NTD	-	-	-	613	32.735	20,066
HKD:NTD	8,400	4.0080	33,668	4,518	4.192	18,939
VND:NTD	42,255	0.001175	49,649	13,948,801	0.001265	17,646
Financial liabilities
Monetary items
USD:NTD	4,345	31.380	136,335	2,860	32.7350	93,614
Non-monetary items
USD:NTD	772	31.380	24,240	-	-	-

(2) Sensitivity analysis

The exchange rate risk of the Company's monetary items primarily arises from cash and cash equivalents, accounts receivable and other receivables, borrowings, accounts payable and other payables denominated in USD, which give rise to foreign exchange gains and losses upon translation. During 2025 and 2024, if the functional currency had depreciated or appreciated against USD by 5%, with all other factors remaining constant, net loss after tax for 2025 and 2024 would have decreased or increased by NTD 924 thousand and NTD 5,719 thousand, respectively. The analysis for both periods was based on the same basis.

(3) Exchange gains or losses on monetary items

Due to the wide variety of the Company's functional currencies, information on exchange gains and losses on monetary items is disclosed on an aggregated basis. Foreign exchange losses and gains (including realized and unrealized) for 2025 and 2024 were NTD 152 thousand loss and NTD 2,131 thousand gain, respectively.

Interest rate analysis

The Company's interest rate exposure on financial assets and financial liabilities is explained in the liquidity risk management in these notes.

The following sensitivity analysis is determined based on the interest rate exposure of derivative and non-derivative instruments at the reporting date. For floating-rate liabilities, the analysis assumes that the amount of liabilities outstanding at the reporting date remained outstanding throughout the entire year.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

If interest rates had increased or decreased by 1%, with all other variables held constant, the Company's net loss after tax for 2025 and 2024 would have decreased or increased by NTD 222 thousand and NTD 430 thousand, respectively, mainly due to the Company's demand deposits and borrowings with variable interest rates.

5. Fair value information

(1) Types and fair values of financial instruments

The Company's financial assets measured at amortized cost are not measured at fair value on a recurring basis. The carrying amounts and fair values of various financial assets and financial liabilities (including fair value hierarchy information; however, for financial instruments not measured at fair value, whose carrying amounts are reasonable approximations of their fair values, and lease liabilities, fair value information is not required to be disclosed in accordance with regulations) are presented as follows:

	2025.12.31
	Carrying amount	Fair value
		Level 1	Level 2	Level 3	Total
Financial assets measured at amortized cost
Cash and cash equivalents	$ 65,399	-	-	-	-
Net value of accounts receivable	109,861	-	-	-	-
Other receivables (including related parties)	26,694	-	-	-	-
Other financial assets -current	10,057	-	-	-	-
Other financial assets - non-current	307	-	-	-	-
Subtotal	212,318	-	-	-	-
Total	$ 212,318	-	-	-	-
Financial liabilities at amortized cost
Short-term and long-term borrowings (including those due within one year)	$ 37,650	-	-	-	-
Accounts payable (including related parties)	24,770	-	-	-	-
Other payables (including related parties)	83,203	-	-	-	-
Total	$ 145,623	-	-	-	-
	2024.12.31
	Carrying amount	Fair value
		Level 1	Level 2	Level 3	Total
Financial assets measured at amortized cost
Cash and cash equivalents	$ 8,258	-	-	-	-
Net receivables	103,069	-	-	-	-
Other receivables (including related parties)	131,141	-	-	-	-
Other financial assets - non-current	1,260	-	-	-	-
Subtotal	243,728	-	-	-	-
Total	$ 243,728	-	-	-	-
Financial liabilities at amortized cost
Short-term and long-term borrowings (including those due within one year)	$ 70,584	-	-	-	-
Accounts payable (including related parties)	46,621	-	-	-	-
Other payables (including related parties)	6,449	-	-	-	-
Total	$ 123,654	-	-	-	-

~32~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(2) Valuation techniques for financial instruments not measured at fair value

The Company's management believes that the carrying amount of instruments not measured at fair value approximates their fair value.

(XVII) Financial risk management

Overview

The Company is exposed to the following risks due to the use of financial instruments:

(1) Credit Risk
(2) Liquidity risk
(3) Market risk

This note presents information about the Company's exposure to each of the aforementioned risks, and the Company's objectives, policies and procedures for measuring and managing risk. For more disclosures about the quantitative effects of these risks' exposures, please refer to the respective notes in the consolidated financial statements.

Risk management structure

The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework. The Company's finance department provides services to each business, coordinates and manages operations in domestic and international financial markets, monitors and manages financial risks related to operations through internal risk reports that analyze exposures by degree and extent of risk, and regularly reports its operations to the Board of Directors.

The Company's risk management policies are established to identify and analyze the financial risks faced by the Company, assess the impact of financial risks, and implement relevant policies to avoid financial risks. Financial risk management policies are regularly reviewed to reflect changes in market conditions and the Company's operations. The Company has developed a disciplined and constructive control environment through training, management guidelines and operating procedures, so that all employees understand their roles and obligations.

The Company's Board of Directors oversees how management monitors compliance with the Company's financial risk management policies and procedures, and reviews the appropriateness of the Company's financial risk management framework in relation to the risks faced by the Company. Internal auditors assist the Company's Board of Directors in performing its oversight role. These personnel conduct regular and special reviews of financial risk management controls and procedures, and report the review results to the Board of Directors.

Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company's receivables from customers, bank deposits and various financial instruments.

(1) Accounts receivable and other receivables

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers statistical data on the Company's customer base, including the default risk of the industries and countries in which the customers operate, because these factors may affect credit risk.

~33~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

The Company has established a credit policy, under which each new customer is individually analyzed for creditworthiness before the Company grants standard payment and delivery terms and conditions. The Company's review includes, where available, external ratings and, in some cases, bank references. A purchase limit is established for each customer and represents the maximum outstanding amount not requiring approval from the risk management committee. This limit is subject to periodic review. Customers that do not meet the Company's benchmark credit rating may transact with the Company only on a prepayment basis.

In monitoring customer credit risk, the Company groups customers according to their credit characteristics, including whether they are individuals or legal entities; whether they are distributors, retailers or end customers; and by region, industry, aging, due date and pre-existing financial difficulties. The Company's accounts receivable and other receivables are due primarily from customers.

The Company has established an allowance account for doubtful accounts to reflect estimated losses incurred on accounts receivable, other receivables and investments. The allowance account mainly consists of a specific loss component related to individually significant exposures and a collective loss component established for incurred but not yet identified losses for groups of similar assets. The collective loss allowance account is determined based on historical payment statistics of similar financial assets. However, as sales are not concentrated with a single customer, there is no significant concentration of credit risk in accounts receivable.

(2) Investment

The credit risk associated with bank deposits and other financial instruments has been measured and monitored by the Company's finance department. As the Company's counterparties and performing parties are reputable banks, financial institutions with investment-grade ratings or above, and corporate entities, there are no significant concerns regarding performance; therefore, there is no significant credit risk.

Liquidity risk

Liquidity risk is the risk that the Company is unable to deliver cash or other financial assets to settle financial liabilities and fail to perform the related obligations. The Company manages liquidity to ensure, as far as possible, that it has sufficient liquid funds to repay its debts when due under both normal and stressed conditions, without incurring unacceptable losses or risking damage to its reputation.

As of December 31, 2025 and 2024, the Company had unused credit facilities of NTD 12,558 thousand and NTD 7,408 thousand, respectively.

Market risk

Market risk refers to the risk affecting the Company's revenue or the value of financial instruments held due to market price fluctuations, such as exchange rates, interest rates, and equity instrument price changes. The objective of market risk management is to control market risk exposure within an acceptable range and optimize investment returns.

The Company engages in derivative transactions to manage market risk, and this activity has resulted in financial liabilities. All transactions are executed in accordance with the guidelines of the Board of Directors.

(1) Exchange rate risk

The Company is exposed to exchange rate risk from sales, procurement, and borrowing transactions denominated in currencies other than the functional currencies of the respective group entities. The functional currencies of the Group entities are primarily NTD, and also include USD and RMB. The principal currencies in which such transactions are denominated are NTD, RMB, and USD.

~34~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Borrowing interest is denominated in the currency of the loan principal. Generally, the borrowing currency is typically the same as the currency of the cash flows generated by the Company's operations, primarily NTD, RMB, and USD. In this case, an economic hedge is provided without the need to enter into derivative instruments, and therefore hedge accounting was not adopted.

For other foreign currency denominated monetary assets and liabilities, the Company maintains net exposure at an acceptable level by buying or selling foreign currency at spot exchange rates to address any short-term imbalances.

(2) Interest rate risk

Entities within the Company borrow at both fixed and floating interest rates, which creates fair value interest rate risk and cash flow interest rate risk. The Company manages interest rate risk by maintaining an appropriate mix of fixed and floating interest rates.

(3) Other market risk

The Company has not entered into commodity contracts other than those to meet expected usage and sales requirements; such commodity contracts are not settled on a net basis.

(XVIII) Capital management

The Company's capital management objective is to safeguard its ability to continue as a going concern, so as to continue providing returns to shareholders and benefits to other stakeholders, and to maintain an optimal capital structure to reduce the cost of capital.

In order to maintain or adjust the capital structure, the Company may adjust the dividends paid to shareholders, return capital to shareholders through capital reduction, issue new shares, or sell assets to settle liabilities. The Company, like others in the industry, manages its capital on the basis of the debt-to-capital ratio. This ratio is calculated by dividing net debt by total capital. Net debt is calculated as total liabilities as shown in the balance sheet less cash and cash equivalents.

Total capital is the sum of all components of equity (i.e., share capital, capital reserve, accumulated deficit, and other equity) plus net debt.

The Company's capital management policy for 2025 was consistent with that of 2024, ensuring financing at a reasonable cost. The debt-to-capital ratios of the Group as of December 31, 2025 and 2024 were as follows:

	2025.12.31	2024.12.31
Total liabilities	$ 194,185	136,232
Less: Cash and cash equivalents	(65,399)	(8,258)
Net debt	$ 128,786	127,974
Total equity	$ 291,455	288,779
Adjusted capital	$ 420,241	416,753
Debt-to-capital ratio	30.65%	30.71%

~35~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

VII. Related party transactions

(I) Names of related parties and relationships

Related parties that had transactions with the Company during the period covered by these Parent Company Only Financial Statements are as follows:

Related Party Name	Relationship with the Company
Suzhou Ruideng	Subsidiary of the Company
Suzhou Longdeng	“ (Note 1)
Logah Vietnam	“
Liyu Co.	Substantive related party of the Company (Note 2)
Hwadeng Investment (B.V.I.) Co., Ltd. (Hwadeng)	“ (Note 3)
Shu-Chen Lin	“
Hui-Fa Yu	“ (Note 4)
Amazing Hall Co., Ltd. (Amazing Hall)	Its Chairman is the same as that of the Company
Royal Living Travel Service Co., Ltd. (Royal Living Travel)	“

Note 1: Upon completion of the transfer of control on December 30, 2025 in the disposal of 100% equity interest in the subsidiary Suzhou Longdeng, the Company lost control over Suzhou Longdeng.

Note 2: That company ceased to have significant influence over the Company due to a reduction in its shareholding in the Company as of April 22, 2025.

Note 3: Such company is directly controlled by Hui-Fa Yu and, following the re-election approved by the Board of Directors, Hui-Fa Yu is no longer the Chairman.

Note 4: The Company's Chairman is no longer in office following a re-election approved by the Board of Directors as of June 27, 2025.

(II) Material transactions with related parties

1. Purchase

The Company's purchases from related parties were as follows:

	2025	2024
Subsidiary - Suzhou Longdeng	$ 230,652	208,364
Subsidiary - Logah Vietnam	19,881	2,260
	$ 250,533	210,624

The Company, Suzhou Longden and Logah Vietnam are mainly engaged in the purchase transaction of the triangular trade, and provides sales of goods and services to non-related parties as an agent. For the payment terms, as there is no transaction with any non-related party is similar now, so it is not comparable.

2. Receivables from related parties

Details of the Company's receivables from related parties are as follows:

Line Item	Related party category	2025.12.31	2024.12.31
Other receivables	Substantive related party - Liyu	$ 17,252	-

Other receivables between the Company and related parties represent collection and remittance of die costs on behalf of others.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Payables to related parties (excluding borrowings from related parties)

The Company's payables to related parties are as follows:

Line Item	Related party category	2025.12.31	2024.12.31
Accounts payable	Subsidiary – Suzhou Longden	$ -	45,015
”	Subsidiary – Vietnam Liming	2,034	1,606
		$ 2,034	46,621
Other payables	Subsidiary - Suzhou Longdeng	$ -	2,028
”	Subsidiary - Logah Vietnam	264	-
”	Substantive related party – Amazing Hall	138	-
”	Substantive related party - Liyu	82	-
		$ 484	2,028

Other payables between the Company and related parties consist of rent and collections on behalf of others.

Loans to related parties

Actual disbursement of funds lent by the Company to related parties:

Line Item	Related party category	2025.12.31	2024.12.31
Other receivables-related parties	Subsidiary - Suzhou Longdeng	$ -	109,899
”	Subsidiary - Logah Vietnam	9,442	20,021
		$ 9,442	129,920
Interest income	Subsidiary - Suzhou Longdeng	$ 2,161	3,895
”	Subsidiary - Logah Vietnam	203	374
		$ 2,364	4,269

The Company provided short-term unsecured loans to subsidiaries. The annual interest rates for 2025 and 2024 were 2.55%~3.05% and 2.3%~3.05%, respectively.

Borrowings from related parties

The amounts borrowed by the Company from related parties are as follows:

Line Item	Related party category	2025.12.31	2024.12.31
Other payables	Substantive related party - Hwadeng	$ 59,283	-

The Company's annual interest rate on short-term financing to related parties for 2025 was 4%.

Endorsement and Guarantee

On December 31, 2024, the Company's substantive related party (who was the Company's Chairman as of December 31, 2024) issued a standby letter of credit to a bank for a borrowing facility of NTD 131,376 thousand.

~36~

~37~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

7. Property transaction

The Company procured equipment on behalf of its subsidiary Suzhou Longdeng (which ceased to be a subsidiary on December 30, 2025) in November 2020, with a selling price of NTD 11,334 thousand, resulting in unrealized gains of NTD 3,614 thousand. Such equipment was subsequently sold by Suzhou Longdeng to subsidiaries Logah Vietnam and Suzhou Logah in September 2025 and December 2025, respectively. As of December 31, 2025 and December 31, 2024, the balances of unrealized gains were NTD 1,380 thousand and NTD 2,168 thousand, respectively, presented as a deduction from investments accounted for using the equity method, and realized gains were recognized over the 10-year useful lives of such equipment.

As the Company has not sold similar assets to non-related parties, there is no comparable transaction price and payment conditions.

8. Leases

The Company entered into a one-year lease contract with Amazing Hall for office premises for the headquarters, with a total contract price of NTD 1,310 thousand; the Company entered into a one-year lease contract with Liyu for office premises, with a total contract price of NTD 600 thousand.

9. Other operating expenses

Other related parties

2025	2024
$ 112	-

(III) Key management transaction

Short-term employee benefits

Pensions

2025	2024
$ 8,495	6,411
247	141
$ 8,742	6,552

The remuneration of directors and other key management personnel were determined by the Remuneration Committee in accordance with the individual performance and the market trends.

VIII. Assets pledged as collateral

The details of the carrying amounts of assets pledged by the Company as collateral are as follows:

Asset name	Assets pledged as collateral	2025.12.31	2024.12.31
Accounts receivable	Short-term borrowings	$ 48,866	56,218
Other financial assets	Long-term and short-term borrowings	10,057	1,210
		$ 58,923	57,428

IX. Significant contingent liabilities and unrecognized contractual commitments: None.

X. Losses from major disasters: None.

XI. Material events after the reporting period: None.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

XII. Other

(I) Summary of employee benefits, depreciation, and amortization expenses by function:

| Function
By nature | 2025 | | | 2024 | | |
| --- | --- | --- | --- | --- | --- | --- |
| | Attributable to operating costs | Attributable to operating expenses | Total | Classified under operating costs | Classified under operating expenses | Total |
| Employee benefit expense | | | | | | |
| Salary expense | $ - | 16,442 | 16,442 | - | 16,658 | 16,658 |
| Labor and health insurance expense | - | 1,510 | 1,510 | - | 1,535 | 1,535 |
| Pension expense | - | 899 | 899 | - | 886 | 886 |
| Remuneration of Directors | - | 2,753 | 2,753 | - | 2,063 | 2,063 |
| Other employee benefit expenses | - | 895 | 895 | - | 958 | 958 |
| Depreciation expense | - | 253 | 253 | - | 129 | 129 |
| Amortization cost | - | 149 | 149 | - | 150 | 150 |

The additional information on the number of employees and employee benefits for the Company for 2025 and 2024 is as follows:

	2025	2024
Employee count	26	27
Number of directors not concurrently serving as employees	10	10
Average employee benefits expense	$ 1,234	1,179
Average employee salary expense	$ 1,028	980
Status of adjustments to average employee salary expenses	4.90%	15.34%
Remuneration to Supervisors	$ -	-

The Company's remuneration policy (including directors, managers and employees) is as follows:

1. Directors

The remuneration of all directors shall be determined by the Remuneration Committee based on their participation in the Company's operations and the value of their contributions, and by taking into account the relevant industry standards; the proposal is and then submitted for the resolution of the board of directors to implement. In addition, if the Company records a profit in the annual settlement, not more than $1.5\%$ of the aforesaid profit may, upon resolution of the Board of Directors, be appropriated as directors' remuneration; regardless of whether the Company has operating profits or losses, each independent director may be paid fixed monthly remuneration of not more than NTD 30 thousand; regardless of whether the Company has operating losses, each director may be paid fixed monthly remuneration of NTD 10 thousand.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Managers

Salary is mainly determined based on the position held and by referring to the industry standard. Bonuses and remunerations are determined based on performance contribution. The remuneration shall be proposed by the Remuneration Committee and implemented after discussion and approval by the board of directors.

Employees

Performance appraisals are conducted for employees every six months, and the appraisal results are linked to the Company's operating performance and reasonably reflected in items such as individual employee salaries and bonuses; in addition, if the Company records a profit for the year, 1% to 3% of the pre-tax profit for the year before deduction of employee and director remuneration shall be appropriated as employee remuneration (more than 20% of such employee remuneration shall be distributed as remuneration bonuses to grassroots employees), and the Board of Directors shall resolve to distribute such remuneration in shares or cash, which may include employees of subordinate companies meeting certain conditions.

(II) Sound Financial Plan

As of December 31, 2024, the Company's consolidated current liabilities exceeded its consolidated current assets, resulting in liquidity risk. In Q1 2025, for the purpose of revitalizing assets and replenishing working capital, the Company's Audit Committee and the Board of Directors Approved the proposal for disposal of the 100% equity interest in significant subsidiary Suzhou Longdeng. This proposal was also Approved by the Company's extraordinary general meeting on April 21, 2025, and the subsequent operational procedures were then initiated, and the equity transfer agreement was signed on May 15, 2025, followed by the execution of a supplemental agreement for additional guarantees and an amendment and supplement agreement to the equity transfer agreement. The Company completed the transfer of operating control on December 30, 2025.

As of December 31, 2025, following the disposal of the significant subsidiary and the private placement issuance of common shares, the Company no longer had current liabilities exceeding current assets. In addition, the Company will endeavor to increase working capital. In addition to adjusting departmental organization to improve personnel efficiency and economizing on various capital and expense expenditures, any remaining shortfall in working capital will be financed through the unused amount of bank borrowing facilities and private placement cash capital increase.

The Company's management believes that the aforementioned plans should effectively improve concerns over liquidity risk and, upon evaluation, the Company does not have significant liquidity risk of being unable to raise funds to fulfill contractual obligations; accordingly, these Parent Company Only Financial Statements have been prepared on a going concern basis.

~39~

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

XIII. Notes Disclosure

(I) Information on significant transactions

For 2025, the Company shall disclose the following significant transactions in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers:

Loans to others:

No.	Lender	Borrower	Financial Statement Account	Whether it is a related party	Maximum balance for the period	Ending balance	Amount actually drawn	Interest Rate	Nature of the loan (Note 3)	Business Transaction Amounts	Reason for the necessity of short-term financing	Allowance for Impairment Loss	Collateral		Maximum amount and limit of loans to a single party (Note 4)	Total financing limit (Note 4)
													Name	Value
0	Parent Company	Suzhou Longdeng	Other receivables	No	124,013 (USD3,800)	- (USD-)	-	-	2	-	Funds for operation	-		-	116,582	116,582
0	Parent Company	Logah Vietnam	Other receivables-related parties	Yes	19,893 (USD600)	9,414 (USD300)	2.55	2	-	Funds for operation	-		-	116,582	116,582
1	Le Yang Investment	Suzhou Longdeng	Other receivables	No	213,850 (USD6,450)	- (USD-)	-	2	-	Funds for operation	-		-	78,897	78,897
1	Le Yang Investment	Logah Vietnam	Other receivables-related parties	Yes	15,690 (USD500)	15,690 (USD500)	- (USD-)	2	-	Funds for operation	-		-	78,897	78,897
2	Suzhou Logah	Suzhou Longdeng	Other receivables	No	58,518 (CNY12,850)	- (CNY-)	-	2	-	Funds for operation	-		-	-	-
3	Suzhou Ruideng	Suzhou Longdeng	Other receivables	No	23,094 (CNY5,000)	- (CNY-)	-	2	-	Funds for operation	-		-	-	-
4	Link Bright Technology	Suzhou Logah	Other receivables-related parties	Yes	219,660 (USD7,000)	219,660 (USD7,000)	- (USD-)	2	-	Funds for operation	-		-	235,438	235,438
4	Link Bright Technology	Suzhou Ruideng	Other receivables-related parties	Yes	12,552 (USD400)	12,552 (USD400)	- (USD-)	2	-	Funds for operation	-		-	23,538	2,235,438
5	Anhui Ruideng	Suzhou Longdeng	Other receivables	No	30,097 (CNY7,000)	10,715 (CNY2,400)	10,715 (CNY2,400)	-	2	-	Funds for operation	-		-	31,109	31,109
5	Anhui Ruideng	Suzhou Ruideng	Other receivables	Yes	22,323 (CNY5,000)	22,323 (CNY5,000)	- (CNY-)	2	-	Funds for operation	-		-	31,109	31,109

Note 1: The cumulative balance of funds lent by the lending company shall not exceed 40% of the lending company's net worth.

Note 2: Where there is a need for short-term financing between companies or firms, the total amount of funds lent to others shall not exceed 40% of the borrowing company's net worth. The limit on loans to subsidiaries in which the Company directly or indirectly holds more than 50% of the shares shall not exceed 40% of the lending company's net worth. The limit on loans between subsidiaries in which the Company directly or indirectly holds 100% of the shares shall not exceed 100% of the lending company's net worth.

Note 3: The method for completing the nature of funds lent is as follows: 1 for those with business dealings; 2 for those with a need for short-term financing.

Note 4: The ending balance of funds loaned by Anhui Ruideng to non-related party Suzhou Longdeng was fully recovered on January 9, 2026, and the revolving credit line was cancelled upon approval by the Board of Directors on March 11, 2026.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Endorsements/guarantees for others:

No.	Endorsement /guarantee provider	Guaranteed party		Limit for endorsements /guarantees provided to a single enterprise (Note 1)	Maximum balance of endorsement /guarantee for the period	Balance of endorsement /guarantee at the end of the period	Amount actually drawn	Endorsements and guarantees secured by property	Ratio of accumulated amount of endorsement /guarantee to the net worth on the latest financial statements	Maximum amount of endorsements /guarantees (Note 1)	Guarantee provided by parent company	Guarantee provided by subsidiary	Guarantee provided to subsidiaries in Mainland China
		Company name	Relationship
0	Parent Company	Suzhou Ruideng	1	233,164	387,979	133,935	80,338	-	45.95%	233,164	Y	N	Y

Note 1: The total amount of endorsements/guarantees provided by the Company to companies in which the Company directly and indirectly holds 100% of the voting rights shall not exceed 80% of the Company's net worth. The limit on endorsements/guarantees between subsidiaries in which the Company directly or indirectly holds 100% of the shares shall not exceed 80% of the net worth of the endorsing/guaranteeing company.

Significant marketable securities held at the end of the period (excluding investments in subsidiaries, affiliates, and joint ventures): None.
Where the amount of purchases or sales with related parties reaches NTD 100,000 thousand or 20% or more of the paid-in capital:

Company engaging in purchases (sales)	Name of counterparty	Relationship	Transaction Details				Differences in transaction terms compared with third party transactions		Notes and accounts receivable (payable)
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Payment Terms	Unit Price	Payment Terms	Balance	Percentage of total notes and accounts receivable (payable)
Parent Company	Suzhou Longdeng	Consolidated subsidiaries	Purchase	230,652	92 %	Monthly settlement 180 days	No comparable transaction.	No comparable transaction.	(22,603)	(91)%
Suzhou Longdeng	Parent Company	Consolidated subsidiaries	Sale of goods	(230,652)	41 %	Monthly settlement 180 days	?	?	22,603	14%
Suzhou Ruideng	Anhui Ruideng	Consolidated subsidiaries	Purchase	146,890	42 %	Monthly settlement 180 days	?	?	(5,349)	(4)%
Anhui Ruideng	Suzhou Ruideng	Consolidated subsidiaries	Sale of goods	(146,890)	69 %	Monthly settlement 180 days	?	?	5,349	9%

Note 1: After Suzhou Longdeng completed the transfer of its management rights on December 30, 2025, the Company lost control over it.

Receivables from related parties amounting to NTD 100,000 thousand or 20% or more of the paid-in capital: None.

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(II) Information on reinvestees:

The Company's reinvestment information for 2025 is as follows (excluding investees in Mainland China):

Unit: thousand shares; NTD thousand

Investor	Investor Company	Location	Main business	Initial investment amount		Held at the end of the period			Investee's gains or losses for the period	Investment profit or loss recognized for the current period
				End of the current period	End of last year	Number of shares	percentage	Carrying amount
Parent Company	Seychelles Logah	Seychelles	Investment in holding companies	246,186 USD	246,186 USD	7,920	100.00%	(29,469)	(66,689)	(60,665)
Parent Company	Le Yang Investment	Taiwan	Investment in holding companies	545,000	545,000	54,500	100.00%	184,451	8,087	15,776
Parent Company	Logah Vietnam	Vietnam	Manufacturing, processing, and trading of plastic injection products	70,310 USD	30,670 USD	-	100.00%	49,649	(3,623)	(3,623)
Parent Company	Link Bright Technology	Hong Kong	Trading	48,247	17,172	7,810	14.30%	33,668	(2,115)	(2,327)
Parent Company	Shengli Smart Construction	Taiwan	Software and hardware deployment and trading business for smart building property management	1,000	-	100	100.00%	974	(26)	(26)
Le Yang Investment	Link Bright Technology	Hong Kong	Trading	186,966	-	46,800	85.70%	201,770	(2,115)	212
Le Yang Investment	Legend Investment	Samoa	Investment in holding companies	338,230 USD	338,230 USD	11,000	56.07%	(22,145) USD	16,104	9,030
Seychelles Logah	Hongkong Logah	Hong Kong	Investment in holding companies	428,922 USD	428,922 USD	14,100	100.00%	(25,026) USD	(66,521)	(66,521)
Suzhou Logah	Legend Investment	Samoa	Investment in holding companies	264,998 USD	264,998 USD	8,619	43.93%	(17,351) USD	16,104	7,074

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(III) Information on investments in Mainland China:
1. Information on investees in Mainland China:
Unit: NTD thousands

Name of Investee in Mainland China	Main business	Paid-in capital	Method of investment (Note 2)	Accumulated investment amount of remittance from Taiwan at the beginning of the period	Amount of investment remitted or repatriated for the current period	Net profit (loss) of the investee for the current period	Shareholding of the Company's direct or indirect investments	Current Recognized Investments in Profit or Loss	Carrying amount of investments at the end of the period	Accumulated investment gains remitted back to Taiwan as of the end of the period
Suzhou Logah	Processing, plastic injection products	611,442 USD 20,100	(I)	319,160 USD 10,100	-	319,160 USD 10,100	(66,521) USD 10,100	(66,521) USD 10,100	(25,027) USD 10,100	-
Suzhou Longdeng	Manufacturing, processing, and trading of plastic injection products and molds	623,153 USD 19,000	(I)	347,189 USD 10,987	-	347,189 USD 10,987	(101,453) USD 10,987	(101,453) USD 10,987	(101,453) USD 10,987	-
Suzhou Ruideng	Manufacturing and trading of displays and molds	201,913 USD 6,330	(II)	-	-	-	(51,045) CNY (11,696)	(51,045) CNY (11,696)	(51,045) CNY (11,696)	-
Anhui Ruideng	Manufacturing and trading of displays and molds	53,654 CNY 12,000	(II)	-	-	-	(17,475) CNY (4,004)	(17,475) CNY (4,004)	(17,475) CNY (4,004)	-

Note: After Suzhou Longdeng completed the transfer of its management rights on December 30, 2025, the Company lost control over it.

Limit on reinvestment in Mainland China:

Accumulated investment amount of remittance from Taiwan to China at the end of the period	Approved investment amount by the Investment Commission, Ministry of Economic Affairs (Note 2)	Investment limit in Mainland China under the regulations of the Investment Commission, Ministry of Economic Affairs (Note 3)
666,349 (USD21,087)	1,226,958 (USD39,100)	174,873

Note 1: Calculated at the USD to NTD exchange rate of 31.380 on 2025.12.31.
Note 2: The investment methods are classified into the following two types; indicate the type only:
(I) Reinvestment in companies in Mainland China through a company established by investment in a 3rd region.
(II) Reinvestment in companies in Mainland China through a company established by investment in the Mainland China region.

Significant transactions:
For the significant direct or indirect transactions between the Company and investee companies in Mainland China in 2025 (already eliminated in the preparation of the Consolidated Financial Statements), please refer to the description in "Information on Significant Transactions".

XIV. Segment Information
Please refer to the 2025 consolidated financial statements.

~44~

Logah Technology Corporation
Statement of Cash and Cash Equivalents
December 31, 2025
Unit: NTD thousand

Item	Summary	Amount
Cash	Cash on hand	$ 6
	Petty cash	5
		11
Cash in banks	Demand deposits	52,574
	Foreign currency deposits	12,814 USD 408 thousand, translated at the exchange rate of USD 1 = NTD 31.38
		65,388
		$ 65,399

Statement of accounts receivable

Customer name	Summary	Amount	Remarks
Company A	Payment for merchandise	$ 93,460
Company B	"	9,702
Others	"	6,699	The balance of each item did not exceed 5% of the balance of this account
		$ 109,861

Schedule of Other Receivables from Related Parties

Please refer to Note 7 for related information.

Logah Technology Corporation
Schedule of Changes in Investments Accounted for Under Equity
Method
January 1 to December 31, 2025
Unit: NTD thousand/shares

Investor Company	Opening balance		Increase in the current period		Decrease in the current period		Ending balance			Market value or equity net value		Guarantee or pledge status
	Number of shares /Capital	Amount	Number of shares /Capital	Amount	Number of shares /Capital	Amount	Number of shares /Capital	Shareholding percentage	Amount	Unit Price	Total amount
Seychelles Logah	7,920,000	$ 5,779	-	31,441	-	66,689	7,920,000	100%	(29,469)	(3.06)	(24,240)	-
Le Yang Investment	54,500,000	133,611	-	50,840	-	-	54,500,000	100%	184,451	3.62	197,242	-
Logah Vietnam	-	17,646	-	39,640	-	7,637	-	100%	49,649	-	49,649	-
Link Bright Technology	10,000	18,939	7,800,000	31,075	-	16,346	7,810,000	14.30%	33,668	4.31	33,668	-
Shengli Smart Construction	-	-	100,000	1,000	-	26	100,000	100%	974	9.74	974	-
		175,975		153,996		90,698			239,273
Credit balance of investments accounted for using equity method		-		-		-			29,469
		$ 175,975		153,996		90,698			268,742

Note: 1. The changes for the current period include cash capital increases to subsidiaries of NTD 71,715 thousand, recognition of shares of subsidiaries' profit or loss under the equity method, shares of other comprehensive income, and adjustments to realized and unrealized profit or loss arising from upstream or sidestream transactions.
2. Calculated based on the financial statements of the investee company for the same period audited by CPAs.

~46~

Logah Technology Corporation

Statement of Short-term Borrowings
December 31, 2025

Unit: NTD thousand

Loan type and creditor	Loan period	Interest Rate	Borrowings amount	Financing facilities	Pledge/ guarantee
Short-term secured borrowings
CTBC Bank	114.11~115.03	5.62%	$ 37,650	50,208	Note
Note: For collateral and guarantee information, please refer to Note 8.

Statement of accounts payable

Name of Vendor	Summary	Amount
Company A	Payment for merchandise	$ 22,602
Company B	"	134
		$ 22,736

Schedule of other payables (including related parties)

Please refer to Notes 6(7) and 7 for related information.

~47~

Logah Technology Corporation

Statement of operating revenue
January 1 to December 31, 2025

Unit: NTD thousand

Item	Quantity	Amount	Remarks
Net sales revenue of products	10,095 thousand units	$ 12,279

Statement of operating expenses

Item	Selling expenses	Administrative expenses	Total
Labor expenses	$ -	22,499	22,499
Entertainment expenses	392	62	454
Service fees	-	6,284	6,284
Transportation expenses	81	343	424
Others	41	10,383	10,424
Total	$ 514	39,571	40,085

Note: The balance of each item did not exceed 5% of the balance of this account

AI assistant

Logah — Audit Report / Information 2025

52351_rns_2026-05-29_2f7a9045-63f2-4928-a65a-2cc6a8b45230.pdf

Logah Technology Corporation

Parent Company Only Financial

Statements and Independent Auditors’

Report

Table of Contents

Audit opinions

Basis for the Audit Opinion

Key Audit Matters

I. Revenue recognition

Logah Technology Corporation

Statement of Cash Flows

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

IV. Summary of Significant Accounting Policies

(I) Compliance Statement

(II) Basis of Preparation

(III) Foreign Currency

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

2. Foreign operations

(IV) Classification criteria for current and non-current assets and liabilities

(V) Cash and cash equivalents

(VI) Financial instruments

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

2. Financial Liabilities and Equity Instruments

(1) Classification of Liabilities or Equity

(2) Equity transactions

(3) Financial Liabilities

(4) Derecognition of financial liabilities

(5) Offsetting of Financial Assets and Liabilities

(6) Financial Guarantee Contracts

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(VII) Investments in subsidiaries

(VIII) Property, Plant and Equipment

1. Recognition and measurement

2. Subsequent expenses

3. Depreciation

(IX) Leases

1. Lessee

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

2. Subsequent expenses

3. Amortization

(XI) Impairment of non-financial assets

(XII) Recognition of revenue

(XIII) Employee benefits

1. Defined contribution plan

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

2. Termination benefits

3. Short-term employee benefits

(XIV) Income tax

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

V. Significant accounting judgments, estimates, and main sources of uncertain assumptions

VI. Description of Significant Accounting Items

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

3. Retained earnings

(1) Legal reserve

(2) Earnings distribution

4. Other equity

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

(XII) Loss per share

(XIII) Revenue from contracts with customers

1. Disaggregation of revenue

2. Contract balance

(XIV) Employees' and directors' remuneration

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

5. Fair value information

(1) Types and fair values of financial instruments

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Notes to the Parent Company Only Financial Statements of Logah Technology Corporation (Continued)

Logah Audit Report / Information 2025