~1~

MICRO-STAR INTERNATIONAL CO., LTD.
AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS AND
INDEPENDENT AUDITORS' REVIEW REPORT
MARCH 31, 2026 AND 2025

For the convenience of readers and for information purpose only, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chinese-language auditors’ report and financial statements shall prevail.

~2~

INDEPENDENT AUDITORS' REVIEW REPORT TRANSLATED FROM CHINESE

To the Board of Directors and Shareholders of MICRO-STAR INTERNATIONAL CO., LTD.

Introduction

We have reviewed the accompanying consolidated balance sheets of MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES (the “Group”) as at March 31, 2026 and 2025, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the three months then ended, and notes to the consolidated financial statements, including a summary of material accounting policies. Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with “Regulations Governing the Preparation of Financial Reports by Securities Issuers” and International Accounting Standard 34, “Interim Financial Reporting” that came into effect as endorsed by the Financial Supervisory Commission. Our responsibility is to express a conclusion on these consolidated financial statements based on our reviews.

Scope of Review

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

~3~

Basis for Qualified Conclusion

As explained in Note 4(3), the financial statements of certain insignificant consolidated subsidiaries were not reviewed by independent auditors. Those statements reflect total assets of NT$29,294,172 thousand and NT$29,924,395 thousand, constituting 25% and 27% of the consolidated total assets, and total liabilities of NT$12,969,952 thousand and NT$18,003,389 thousand, constituting 20% and 30% of the consolidated total liabilities as at March 31, 2026 and 2025, and total comprehensive income of NT$118,078 thousand and NT$478,882 thousand, constituting 3% and 33% of the consolidated total comprehensive income for the three months then ended.

Qualified Conclusion

Except for the adjustments to the consolidated financial statements, if any, as might have been determined to be necessary had the financial statements of certain consolidated subsidiaries been reviewed by independent auditors, that we might have become aware of had it not been for the situation described above, based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Group as at March 31, 2026 and 2025, and of its consolidated financial performance and its consolidated cash flows for the three months then ended in accordance with "Regulations Governing the Preparation of Financial Reports by Securities Issuers" and International Accounting Standard 34, "Interim Financial Reporting" as endorsed by the Financial Supervisory Commission.

~4~

Other matter – Review reports of other independent auditors

We did not review the financial statements of certain consolidated subsidiaries. Those financial statements were reviewed by other independent auditors, whose reports thereon have been furnished to us, and our report expressed herein, insofar as it relates to the amounts included in the financial statements and the information disclosed in Note 13 was based solely on the review reports of other independent auditors. These consolidated subsidiaries reflect total assets of NT$23,512,404 thousand and NT$15,785,054 thousand, constituting 20% and 14% of the consolidated total assets as at March 31, 2026 and 2025, and total operating revenues of NT$11,370,876 thousand and NT$10,557,387 thousand, constituting 20% and 20% of the consolidated total operating revenues for the three months then ended.

Yu, Chih-Fan
Yu, Cheng-Fu

For and on behalf of PricewaterhouseCoopers, Taiwan

May 12, 2026

The accompanying consolidated financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and independent auditors' report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.

As the financial statements are the responsibility of the management, PricewaterhouseCoopers Taiwan cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
MARCH 31, 2026, DECEMBER 31, 2025 AND MARCH 31, 2025
(Expressed in thousands of New Taiwan dollars)

Assets	Notes	March 31, 2026		December 31, 2025		March 31, 2025
		AMOUNT	%	AMOUNT	%	AMOUNT	%
Current assets
1100	Cash and cash equivalents	6(1)	$ 25,875,075	22	$ 31,086,286	26	$ 26,298,862	24
1110	Financial assets at fair value through profit or loss - current	6(2)	168,772	-	164,075	-	96,101	-
1136	Current financial assets at amortised cost	6(4)	3,900,000	3	-	-	463	-
1170	Accounts receivable, net	6(5)	26,925,739	23	26,756,654	22	30,628,294	28
1200	Other receivables		387,992	-	408,572	-	303,792	-
1220	Current income tax assets		54,162	-	38,181	-	29,624	-
130X	Inventories, net	6(6)	46,866,986	39	47,765,409	40	40,874,138	37
1410	Prepayments	6(7)	2,333,786	2	2,382,203	2	2,242,858	2
11XX	Total current assets		106,512,512	89	108,601,380	90	100,474,132	91
Non-current assets
1517	Non-current financial assets at fair value through other comprehensive income	6(3)	88,396	-	88,396	-	87,977	-
1535	Non-current financial assets at amortised cost	6(4) and 8	623,929	1	573,134	1	601,499	1
1600	Property, plant and equipment	6(8) and 8	9,360,248	8	8,974,900	7	6,690,658	6
1755	Right-of-use assets	6(9)	858,848	1	919,660	1	929,960	1
1760	Investment property - net	6(11)	41,859	-	49,098	-	34,806	-
1840	Deferred income tax assets		1,463,883	1	1,502,764	1	1,130,349	1
1900	Other non-current assets		150,087	-	245,274	-	113,735	-
15XX	Total non-current assets		12,587,250	11	12,353,226	10	9,588,984	9
1XXX	Total assets		$ 119,099,762	100	$ 120,954,606	100	$ 110,063,116	100

(Continued)

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
MARCH 31, 2026, DECEMBER 31, 2025 AND MARCH 31, 2025
(Expressed in thousands of New Taiwan dollars)

	Liabilities and Equity	Notes	March 31, 2026		December 31, 2025		March 31, 2025
			AMOUNT	%	AMOUNT	%	AMOUNT	%
Current liabilities
2100	Short-term borrowings	6(12)	$ -	-	$ 4,500,000	4	$ -	-
2120	Financial liabilities at fair value through profit or loss - current	6(2)
			180,251	-	261,314	-	337,673	-
2130	Current contract liabilities	6(20)	616,788	1	1,253,681	1	379,772	1
2170	Accounts payable		36,604,057	31	36,419,677	30	41,004,472	37
2200	Other payables	6(13)	10,656,407	9	7,631,934	7	11,294,148	10
2230	Current income tax liabilities		1,882,567	2	1,180,711	1	179,993	-
2250	Provision for liabilities - current	6(16)
			1,273,166	1	1,261,151	1	1,299,805	1
2280	Current lease liabilities		332,282	-	351,706	-	369,891	-
2320	Long-term liabilities, current portion	6(14)
			25,493	-	25,043	-	-	-
2365	Refund liabilities- current		5,051,635	4	5,802,315	5	3,825,089	4
2399	Other current liabilities, others		192,338	-	187,395	-	174,647	-
21XX	Total current liabilities		56,814,984	48	58,874,927	49	58,865,490	53
Non-current liabilities
2540	Long-term borrowings	6(14)	6,305,082	5	6,291,828	5	-	-
2570	Deferred income tax liabilities		62,007	-	144,804	-	85,953	-
2580	Non-current lease liabilities		490,953	1	532,237	1	518,228	1
2640	Net defined benefit liability, non-current		74,872	-	76,539	-	86,368	-
2670	Other non-current liabilities, others		437,664	-	431,882	-	407,495	-
25XX	Total non-current liabilities		7,370,578	6	7,477,290	6	1,098,044	1
2XXX	Total liabilities		64,185,562	54	66,352,217	55	59,963,534	54
Equity attributable to owners of parent
	Share capital	6(17)
3110	Share capital - common stock		8,448,562	7	8,448,562	7	8,448,562	8
	Capital surplus	6(18)
3200	Capital surplus		806,619	1	806,619	-	806,029	1
	Retained earnings	6(19)
3310	Legal reserve		10,465,854	9	10,465,854	9	9,781,123	9
3320	Special reserve		469,324	-	469,324	-	877,405	1
3350	Unappropriated retained earnings		34,549,744	29	34,679,735	29	30,283,123	27
	Other equity interest
3400	Other equity interest		174,097	-	( 267,705)	-	( 96,660)	-
31XX	Equity attributable to owners of the parent		54,914,200	46	54,602,389	45	50,099,582	46
3XXX	Total equity		54,914,200	46	54,602,389	45	50,099,582	46
	Significant contingent liabilities and unrecognised contract commitments	9
	Significant events after the balance sheet date	11
3X2X	Total liabilities and equity		$ 119,099,762	100	$ 120,954,606	100	$ 110,063,116	100

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

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

Three months ended March 31

	Items	Notes	2026		2025
			AMOUNT	%	AMOUNT	%
4000	Sales revenue	6(20)	$ 56,256,838	100	$ 53,540,350	100
5000	Operating costs	6(6)(24)	( 47,816,332)	( 85)	( 48,044,071)	( 90)
5900	Net operating margin		8,440,506	15	5,496,279	10
	Operating expenses	6(24)
6100	Selling expenses		( 2,721,952)	( 5)	( 2,817,035)	( 5)
6200	General and administrative expenses		( 440,834)	( 1)	( 392,883)	( 1)
6300	Research and development expenses		( 1,407,384)	( 2)	( 1,322,997)	( 2)
6450	Expected credit profit	12(2)	6,021	-	48,475	-
6000	Total operating expenses		( 4,564,149)	( 8)	( 4,484,440)	( 8)
6900	Operating profit		3,876,357	7	1,011,839	2
	Non-operating income and expenses
7100	Interest income	6(4)(21)	125,325	-	122,343	-
7010	Other income	6(22)	100,377	-	65,218	-
7020	Other gains and losses	6(23)	74,125	-	89,364	-
7050	Finance costs		( 42,753)	-	( 7,971)	-
7000	Total non-operating income and expenses		257,074	-	268,954	-
7900	Profit before income tax		4,133,431	7	1,280,793	2
7950	Income tax expense	6(26)	( 716,617)	( 1)	( 203,648)	-
8200	Profit for the period		$ 3,416,814	6	$ 1,077,145	2
	Other comprehensive income
	Components of other comprehensive income that will not be reclassified to profit or loss
8311	Gains on remeasurements of defined benefit plans		$ 1,591	-	$ -	-
8310	Components of other comprehensive income that will not be reclassified to profit or loss		1,591	-	-	-
	Components of other comprehensive income that will be reclassified to profit or loss
8361	Financial statements translation differences of foreign operations		441,802	1	372,664	1
8360	Components of other comprehensive income that will be reclassified to profit or loss		441,802	1	372,664	1
8300	Total other comprehensive income for the period		$ 443,393	1	$ 372,664	1
8500	Total comprehensive income for the period		$ 3,860,207	7	$ 1,449,809	3
	Profit attributable to:
8610	Owners of the parent		$ 3,416,814	6	$ 1,077,145	2
8710	Comprehensive income attributable to:
	Owners of the parent		$ 3,860,207	7	$ 1,449,809	3
	Earnings per share (in dollars)	6(27)
9750	Basic earnings per share		$ 4.04	$	1.27
9850	Diluted earnings per share		$ 4.01	$	1.27

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

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(Expressed in thousands of New Taiwan dollars)

	Equity attributable to owners of the parent
		Capital Surplus				Retained Earnings			Other equity interest			Total equity
		Share capital - common stock	Additional paid-in capital	Treasury stock transactions	Donated assets received	Employee stock warrants	Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income
2025
Balance at January 1, 2025		$ 8,448,562	$ 628,134	$ 130,592	$ 2,843	$ 44,460	$ 9,781,123	$ 877,405	$ 33,430,259	($ 418,126)	($ 51,198)	$ 52,874,054
Profit for the three months ended March 31, 2025		-	-	-	-	-	-	-	1,077,145	-	-	1,077,145
Other comprehensive income for the three months ended March 31, 2025		-	-	-	-	-	-	-	-	372,664	-	372,664
Total comprehensive income		-	-	-	-	-	-	-	1,077,145	372,664	-	1,449,809
Appropriation of 2024 earnings	6(19)
Cash dividends		-	-	-	-	-	-	-	( 4,224,281 )	-	-	( 4,224,281 )
Balance at March 31, 2025		$ 8,448,562	$ 628,134	$ 130,592	$ 2,843	$ 44,460	$ 9,781,123	$ 877,405	$ 30,283,123	($ 45,462 )	($ 51,198 )	$ 50,099,582
2026
Balance at January 1, 2026		$ 8,448,562	$ 628,134	$ 130,592	$ 3,433	$ 44,460	$ 10,465,854	$ 469,324	$ 34,679,735	($ 216,842 )	($ 50,863 )	$ 54,602,389
Profit for the three months ended March 31, 2026		-	-	-	-	-	-	-	3,416,814	-	-	3,416,814
Other comprehensive income for the three months ended March 31, 2026		-	-	-	-	-	-	-	1,591	441,802	-	443,393
Total comprehensive income		-	-	-	-	-	-	-	3,418,405	441,802	-	3,860,207
Appropriation of 2025 earnings	6(19)
Cash dividends		-	-	-	-	-	-	-	( 3,548,396 )	-	-	( 3,548,396 )
Balance at March 31, 2026		$ 8,448,562	$ 628,134	$ 130,592	$ 3,433	$ 44,460	$ 10,465,854	$ 469,324	$ 34,549,744	$ 224,960	($ 50,863 )	$ 54,914,200

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

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(Expressed in thousands of New Taiwan dollars)

	Notes	Three months ended March 31
		2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax		$ 4,133,431	$ 1,280,793
Adjustments
Adjustments to reconcile profit (loss)
Depreciation (including right-of-use assets and investment properties)	6(24)
Amortization	6(24)	348,172	350,240
Expected credit reversal	12(2)	( 6,021 )	( 48,475 )
Net (gain) loss on financial assets and liabilities at fair value through profit or loss		( 86,431 )	313,699
Interest expense		42,753	7,971
Interest income	6(21)	( 125,325 )	( 122,343 )
Gain on disposal of property, plant and equipment	6(23)
Gain on lease modification	6(9)	-	( 124 )
Changes in operating assets and liabilities
Changes in operating assets
Financial assets at fair value through profit or loss		( 194 )	13,156
Accounts receivable		( 164,302 )	( 7,220,251 )
Other receivables		26,803	( 200,989 )
Inventories, net		898,423	( 4,016,233 )
Prepayments		48,417	142,720
Other non-current assets		95,161	317
Changes in operating liabilities
Current contract liabilities		( 636,893 )	175,834
Accounts payable		184,380	12,294,134
Other payables		( 522,534 )	( 295,397 )
Provision for liabilities - current		12,015	13,979
Refund liabilities- current		( 750,680 )	( 192,441 )
Other current liabilities, others		4,943	26,765
Net defined benefit liability		( 76 )	( 2,237 )
Other non-current liabilities		-	( 72,375 )
Cash inflow generated from operations		3,493,457	2,402,579
Interest received		119,548	118,351
Interest paid		( 47,821 )	( 8,649 )
Income tax paid		( 76,049 )	( 295,832 )
Net cash flows from operating activities		3,489,135	2,216,449

(Continued)

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(Expressed in thousands of New Taiwan dollars)

	Notes	Three months ended March 31
		2026	2025
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at amortised cost		($ 3,950,795 )	$ -
Proceeds from disposal of financial assets at amortised cost		-	998,107
Acquisition of property, plant and equipment	6(28)	( 544,408 )	( 245,624 )
Proceeds from disposal of property, plant and equipment		19,155	70,524
(Increase) decrease in refundable deposits		( 49 )	6,715
Net cash flows (used in) from investing activities		( 4,476,097 )	829,722
CASH FLOWS FROM FINANCING ACTIVITIES
Decrease in short-term borrowings	6(29)	( 4,500,000 )	-
Repayment of long-term borrowings	6(29)	( 6,373 )	-
Repayment of the principal portion of lease liabilities	6(29)	( 103,134 )	( 110,363 )
Increase in guarantee deposits received	6(29)	5,782	9,768
Net cash flows used in financing activities		( 4,603,725 )	( 100,595 )
Effect of exchange rate		379,476	309,891
Net (decrease) increase in cash and cash equivalents		( 5,211,211 )	3,255,467
Cash and cash equivalents at beginning of period	6(1)	31,086,286	23,043,395
Cash and cash equivalents at end of period	6(1)	$ 25,875,075	$ 26,298,862

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

~11~

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

HISTORY AND ORGANISATION

MICRO-STAR INTERNATIONAL CO., LTD. (the “Company”) was incorporated as a company limited by shares under the provisions of the Company Act of the Republic of China (R.O.C.) in August 1986 and started its operations in the same year. The Company and its subsidiaries (collectively referred herein as the “Group”) are primarily engaged in the manufacture and sale of motherboards and computer hardware. The shares of the Company have been listed on the Taiwan Stock Exchange since October 1998.

THE DATE OF AUTHORISATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORISATION

These consolidated financial statements were authorised for issuance by the Board of Directors on May 12, 2026.

APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (“IFRS”) Accounting Standards that came into effect as endorsed by the Financial Supervisory Commission (“FSC”)

New standards, interpretations and amendments endorsed by the FSC and became effective from 2026 are as follows:

New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
Specific provisions of Amendments to IFRS 9 and IFRS 7, ‘Amendments to the classification and measurement of financial instruments’	January 1, 2026
Amendments to IFRS 9 and IFRS 7, ‘Contracts referencing nature-dependent electricity’	January 1, 2026
IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendment to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 – comparative information’	January 1, 2023
Annual Improvements to IFRS Accounting Standards—Volume 11	January 1, 2026

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

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

None.

(3) IFRS Accounting Standards issued by IASB but not yet endorsed by the FSC

New standards, interpretations and amendments issued by IASB but not yet included in the IFRS Accounting Standards as endorsed by the FSC are as follows:

New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’	To be determined by International Accounting Standards Board January 1, 2027(Note)
IFRS 18, ‘Presentation and disclosure in financial statements’	January 1, 2027
IFRS 19, ‘Subsidiaries without public accountability: disclosures’	January 1, 2027
Amendments to IAS 21, ‘Translation to a Hyperinflationary Presentation Currency’	January 1, 2027

Note : The FSC has announced in a press release on September 25, 2025 that public companies will apply IFRS 18 starting from the fiscal year 2028. Additionally, entities can choose to adopt IFRS 18 earlier based on their requirements after the FSC endorses IFRS 18.

Except for the following, the above standards and interpretations have no significant impact to the Group's financial condition and financial performance based on the Group's assessment. The quantitative impact will be disclosed when the assessment is completed.

IFRS 18, 'Presentation and disclosure in financial statements'

IFRS 18, 'Presentation and disclosure in financial statements' replaces IAS 1. The standard introduces a defined structure of the statement of profit or loss, disclosure requirements related to management-defined performance measures, and enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes.

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

(1) Compliance statement

A. The consolidated financial statements of the Group have been prepared in accordance with the "Regulations Governing the Preparation of Financial Reports by Securities Issuers" and the International Accounting Standard 34, 'Interim financial reporting' that came into effect as endorsed by the FSC.
B. These consolidated financial statements are to be read in conjunction with the consolidated financial statements for the year ended December 31, 2025.

(2) Basis of preparation

A. Except for the following items, the consolidated financial statements have been prepared under the historical cost convention:

(a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.

(b) Financial assets at fair value through other comprehensive income.

(c) Defined benefit liabilities recognised based on the net amount of pension fund assets less present value of defined benefit obligation.

B. The preparation of financial statements in conformity with International Financial Reporting Standards, International Accounting Standards, IFRIC® Interpretations, and SIC® Interpretations that came into effect as endorsed by the FSC (collectively referred herein as the “IFRSs”) requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

(3) Basis of consolidation

A. Basis for preparation of consolidated financial statements:

The basis for preparation of consolidated financial statements are consistent with the consolidated financial statements for the year ended December 31, 2025.

B. Subsidiaries included in the consolidated financial statements:

Name of investor	Name of subsidiaries	Main business activities	Ownership(%)
			2026/3/31	2025/12/31	2025/3/31
MICRO-STAR INTERNATIONAL CO., LTD.	MICRO-STAR NETHERLANDS HOLDING B.V. [MSI (HOLDING)]	Holding company	100	100	100
//	MSI COMPUTER CORP. [MSI (LA)]	Sales and after-sales service of computers and electronic components	100	100	100
//	MSI PACIFIC INTERNATIONAL HOLDING CO., LTD. [MSI (PACIFIC)]	Holding company	100	100	100
//	MSI COMPUTER JAPAN CO., LTD. [MSI (JAPAN)]	Sales support and after-sales service of computers and electronic components	100	100	100
//	MSI COMPUTER (AUSTRALIA) PTY. LTD. [MSI (AUSTRALIA)]	//	100	100	100

Name of investor	Name of subsidiaries	Main business activities	Ownership(%)			Note
			2026/3/31	2025/12/31	2025/3/31
MICRO-STAR INTERNATIONAL CO., LTD.	MSI COMPUTER (CAYMAN) CO., LTD. [MSI COMPUTER (CAYMAN)]	Holding company	100	100	100
//	MICRO-STAR CANADA LTD. [MSI (CANADA)]	Sales support and after-sales service of computers and electronic components	100	100	100
//	INDOMSI COMPUTERS PRIVATE LTD. [INDOMSI]	Sales and after-sales service of computers and electronic components	100	100	100
//	PT MSI COMPUTER INDONESIA [MSI (INDONESIA)]	Sales support of computers and electronic components	100	100	-	B
MSI (HOLDING)	MYSTAR COMPUTER B.V. [MYSTAR]	Sales and sales support of computers and electronic components	100	100	100
//	MSI COMPUTER SARL [MSI (SARL)]	Sales support of computers and electronic components	100	100	100
//	MSI COMPUTER (UK) LTD. [MSI (UK)]	//	100	100	100
//	MSI POLSKA SP. Z O. O. [MSI (POLSKA)]	Sales support and after-sales services of computers and electronic components	99	99	99
//	MSI COMPUTER EUROPE B.V. [MSI (EUROPE)]	Logistics services of computers and electronic components	100	100	100
//	LLC MSI COMPUTER [MSI (RUSSIA)]	Sales support and after-sales service of computers and electronic components	99	99	99

~14~

Name of investor	Name of subsidiaries	Main business activities	Ownership(%)			Note
			2026/3/31	2025/12/31	2025/3/31
MSI (HOLDING)	MSI COMPUTER TECHNOLOGIES LIMITED COMPANY [MSI (TURKEY)]	Sales support of computers and electronic components	99	99	99	A
”	MSI ITALY S.R.L. [MSI (ITALY)]	”	100	100	100
”	MSI IBERIA S.L. [MSI (IBERIA)]	”	100	100	100
MSI (EUROPE)	MSI POLSKA SP. Z O. O. [MSI (POLSKA)]	Sales support and after-sales services of computers and electronic components	1	1	1
”	LLC MSI COMPUTER [MSI (RUSSIA)]	”	1	1	1
”	MSI COMPUTER TECHNOLOGIES LIMITED COMPANY [MSI (TURKEY)]	Sales support of computers and electronic components	1	1	1	A
”	MSI SEE TURKEY DOMESTIC AND FOREIGN TRADE LIMITED COMPANY [MSI (SEE TURKEY)]	”	100	100	100
MSI (PACIFIC)	MSI KOREA CO., LTD. [MSI (KOREA)]	Sales and after-sales service of computers and electronic components	100	100	100
”	MICRO-STAR INTERNATIONAL (B.V.I.) HOLDING CO., LTD. [MSI (B.V.I.)]	Holding company	100	100	100
”	MICRO ELECTRONICS HOLDING CO., LTD. [MICRO ELECTRONICS]	”	100	100	100
”	MEGA COMPUTER CO., LTD. [MEGA COMPUTER]	Sales support of computers and electronic components	-	100	100	D
”	MHK INTERNATIONAL CO., LTD. [MSI (MHK)]	”	100	100	100
”	MSI (SHANGHAI) CO., LTD. [MSI (SHANGHAI)]	Sales and after-sales service of computers and electronic components	100	100	100

~15~

Name of investor	Name of subsidiaries	Main business activities	Ownership(%)			Note
			2026/3/31	2025/12/31	2025/3/31
MSI (PACIFIC)	SHENZHEN MEGA INFORMATION CO., LTD. [SHENZHEN MEGA INFORMATION]	After-sales service of computers, and electronic components	100	100	100
〃	INDOMSI COMPUTERS PRIVATE LTD. [INDOMSI]	Sales and after-sales service of computers and electronic components	-	-	-
〃	RAIDEALS INC. [RAIDEALS]	Sales computers and electronic components	100	100	100
〃	PT MSI COMPUTER INDONESIA [MSI (INDONESIA)]	Sales support of computers and electronic components	-	-	-	B
MICRO ELECTRONICS	MSI ELECTRONICS (KUNSHAN) CO., LTD. [MSI ELECTRONICS (KUNSHAN)]	Manufacture and after-sales service of computers, and electronic components	100	100	100
MSI (B.V.I.)	MSI COMPUTER (SHENZHEN) CO., LTD. [MSI COMPUTER (SHENZHEN)]	〃	100	100	100
MSI ELECTRONICS (KUNSHAN)	MSI TECH SOLUTIONS (KUNSHAN) CO., LTD. [MSI TECH SOLUTIONS (KUNSHAN)]	Manufacture of computers, and electronic components	100	100	-	C

The financial statements for the three months ended March 31, 2026 and 2025, aside from the subsidiary, MSI (LA) which was audited by other independent auditors, the remaining subsidiaries were not reviewed by the independent auditors as the entity did not meet the definition of significant subsidiary.

Note A: The subsidiary is in the process of liquidation.

Note B: On June 3, 2025, this subsidiary has been approved for establishment.

Note C: On June 23, 2025, this subsidiary has been approved for establishment.

Note D: On January 23, 2026, this subsidiary has been liquidated.

C. Subsidiaries not included in the consolidated financial statements: None.
D. Adjustments for subsidiaries with different balance sheet dates: None.
E. Significant restrictions: None.
F. Subsidiaries that have non-controlling interests that are material to the Group: None.

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

There have been no significant changes as of March 31, 2026. Please refer to Note 5 in the consolidated financial statements for the year ended December 31, 2025.

~17~

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

	March 31, 2026	December 31, 2025	March 31, 2025
Cash on hand and revolving funds	$ 3,237	$ 4,976	$ 7,225
Checking accounts and demand deposits	11,895,191	15,053,139	12,909,678
Time deposits	13,976,647	16,028,171	13,381,959
Total	$ 25,875,075	$ 31,086,286	$ 26,298,862

A. The Group transacts with a variety of financial institutions all with high credit quality to disperse credit risk, so it expects that the probability of counterparty default is remote.

B. The Group’s time deposits with maturity periods over three months or pledged to others are reclassified as “financial assets at amortised cost.” Details of financial assets at amortised cost are provided in Notes 6(4) and 8.

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

Asset items	March 31, 2026	December 31, 2025	March 31, 2025
Financial assets mandatorily measured at fair value through profit or loss
Stock of publicly traded or listed companies	$ 165,829	$ 157,904	$ 122,450
Derivatives – Forward exchange contract	25,723	8,766	23,362
	191,552	166,670	145,812
Evaluation adjustment	(22,780)	(2,595)	(49,711)
Total	$ 168,772	$ 164,075	$ 96,101
Liability items	March 31, 2026	December 31, 2025	March 31, 2025
Financial liabilities held for trading
Derivatives – Forward exchange contract	$ 55,490	$ 75,614	$ 198,653
Derivatives – Foreign exchange swap	124,761	185,700	139,020
Total	$ 180,251	$ 261,314	$ 337,673

A. Amounts recognised in profit or loss in relation to financial assets and liabilities at fair value through profit or loss are listed below:

	For the three months ended March 31,
	2026	2025
Financial assets and liabilities mandatorily measured at fair value through profit or loss
Equity instruments	($ 11,589)	$ 2,465
Derivatives	(248,249)	(459,818)
	($ 259,838)	($ 457,353)

B. The Group entered into contracts related to derivative financial assets and liabilities which were not accounted for under hedge accounting. The contract information are as follows:

Derivative Financial Assets	March 31, 2026
	Contract AmountNotional Principal(In thousands)		Contract period
Forward exchange contracts	CNY	86,011	2026.02.25~2026.05.18
„	GBP	15,000	2026.02.03~2026.07.16
„	AUD	1,600	2026.03.12~2026.05.04
„	KRW	4,321,950	2026.02.23~2026.04.15
„	EUR	10,000	2026.03.25~2026.04.08
	March 31, 2026
Derivative Financial Liabilities	Contract AmountNotional Principal(In thousands)		Contract period
Forward exchange contracts	CNY	290,119	2026.01.26~2026.05.29
„	AUD	2,000	2026.03.31~2026.04.16
„	USD	110,000	2026.01.07~2026.07.10
Foreign exchange swap	USD	210,000	2026.01.07~2026.06.08

Derivative Financial Assets	Contract AmountNotional Principal(In thousands)		Contract period
Forward exchange contracts	GBP	7,000	2025.09.18~2026.03.24
〃	CAD	3,000	2025.12.30~2026.02.24
〃	KRW	5,737,000	2025.12.30~2026.02.13
〃	EUR	25,000	2025.09.24~2026.01.26
	December 31, 2025
Derivative Financial Liabilities	Contract AmountNotional Principal(In thousands)		Contract period
Forward exchange contracts	CNY	551,161	2025.10.15~2026.03.31
〃	GBP	11,000	2025.10.17~2026.03.02
〃	AUD	10,100	2025.10.30~2026.02.24
〃	CAD	10,000	2025.12.01~2026.02.10
〃	KRW	19,002,350	2025.12.24~2026.01.30
〃	SEK	7,017	2025.10.27~2026.01.16
〃	EUR	74,000	2025.10.15~2026.03.09
〃	USD	20,000	2025.12.29~2026.02.26
Foreign exchange swap	USD	330,000	2025.10.13~2026.04.01
	March 31, 2025
Derivative Financial Assets	Contract AmountNotional Principal(In thousands)		Contract period
Forward exchange contracts	CNY	388,637	2024.11.13~2025.06.30
〃	GBP	5,500	2025.03.20~2025.07.24
〃	AUD	23,500	2025.02.13~2025.07.16
〃	JPY	1,106,735	2025.03.05~2025.04.30
〃	CAD	6,000	2025.03.21~2025.05.12
〃	KRW	11,568,000	2025.03.17~2025.04.15
〃	EUR	15,000	2025.03.17~2025.07.16
	March 31, 2025
Derivative Financial Liabilities	Contract AmountNotional Principal(In thousands)		Contract period
Forward exchange contracts	CNY	399,009	2025.01.17~2025.07.31
〃	GBP	23,600	2025.01.22~2025.07.01
〃	AUD	2,500	2025.01.15~2025.04.01
〃	SEK	33,659	2025.02.06~2025.06.02
〃	EUR	120,000	2024.12.30~2025.07.16
〃	USD	30,000	2025.03.13~2025.06.11
Foreign exchange swap	USD	365,000	2024.12.30~2025.07.16

The Group entered into forward foreign exchange contracts to hedge exchange risk. However, these forward foreign exchange contracts are not accounted for under hedge accounting.

C. The Group has no financial assets at fair value through profit or loss pledged to others.
D. Information relating to price risk and fair value of financial assets at fair value through profit or loss is provided in Note 12(2)(3).

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

Items	March 31, 2026	December 31, 2025	March 31, 2025
Non-current items:
Equity instruments
Unlisted stocks	$ 151,975	$ 151,975	$ 151,975
Valuation adjustment	( 63,579)	( 63,579)	( 63,998)
Total	$ 88,396	$ 88,396	$ 87,977

A. The Group has elected to classify equity instruments that are considered to be strategic investments as financial assets at fair value through other comprehensive income.
B. Without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the financial assets at fair value through other comprehensive income held by the Group were book value.
C. The Group has no financial assets at fair value through other comprehensive income pledged to others as collateral.
D. Information relating to price risk and fair value of financial assets at fair value through other comprehensive income is provided in Note 12(2)(3).

(4) Financial assets at amortised cost

Items	March 31, 2026	December 31, 2025	March 31, 2025
Current items:
Time deposits maturing within three months to a year	$ 3,900,000	$ -	$ 463
Non-current items:
Pledge bank deposits	$ 620,229	$ 569,577	$ 563,127
Others	3,700	3,557	38,372
Total	$ 623,929	$ 573,134	$ 601,499

A. Amounts recognised in profit or loss in relation to financial assets at amortised cost are listed below:

	For the three months ended March 31,
	2026	2025
Interest income	$ 5,722	$ 5,950

B. Without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the financial assets at amortised cost held by the Group were book value.

C. Details of the Group’s financial assets at amortised cost pledged to others as collateral are provided in Note 8.

D. Information relating to credit risk of financial assets at amortised cost is provided in Note 12(2). The counterparties of the Group’s investments in certificates of deposit are financial institutions with high credit quality, so the Group expects that the probability of counterparty default is remote.

(5) Accounts receivable

	March 31, 2026	December 31, 2025	March 31, 2025
Accounts receivable	$ 27,043,089	$ 26,878,788	$ 30,722,367
Less: Allowance for doubtful accounts	( 117,350)	( 122,134)	( 94,073)
	$ 26,925,739	$ 26,756,654	$ 30,628,294

A. The ageing analysis of accounts receivable:

	March 31, 2026	December 31, 2025	March 31, 2025
	Accounts receivable	Accounts receivable	Accounts receivable
Not past due	$ 19,069,352	$ 17,965,739	$ 23,818,916
1 to 75 days	7,492,329	8,505,029	6,354,601
76 to 365 days	461,758	393,447	533,555
Over 365 days	19,650	14,573	15,295
	$ 27,043,089	$ 26,878,788	$ 30,722,367

The above ageing analysis was based on past due date.

B. As of March 31, 2026, December 31, 2025 and March 31, 2025, accounts receivable were all from contracts with customers. And as of January 1, 2025, the balance of receivables from contracts with customers amounted to $23,502,115.

C. Most of the Group’s accounts receivable have been insured or have collateral as security, and the Group will be able to obtain insurance claims or enforce a collateral in case these accounts default.

D. As of March 31, 2026, December 31, 2025 and March 31, 2025, without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the Group’s accounts receivable is provided in Note 12(2).

~21~

(6) Inventories

	March 31, 2026
	Cost	Allowance for valuation loss	Book value
Raw materials	$ 17,524,048	($ 163,206)	$ 17,360,842
Work-in-process	2,142,469	( 3,020)	2,139,449
Finished goods	28,248,881	( 882,186)	27,366,695
	$ 47,915,398	($ 1,048,412)	$ 46,866,986
	December 31, 2025
	Cost	Allowance for valuation loss	Book value
Raw materials	$ 13,849,212	($ 170,026)	$ 13,679,186
Work-in-process	2,037,376	( 1,039)	2,036,337
Finished goods	32,895,514	( 845,628)	32,049,886
	$ 48,782,102	($ 1,016,693)	$ 47,765,409
	March 31, 2025
	Cost	Allowance for valuation loss	Book value
Raw materials	$ 12,413,407	($ 185,434)	$ 12,227,973
Work-in-process	2,973,811	( 3,522)	2,970,289
Finished goods	26,438,036	( 762,160)	25,675,876
	$ 41,825,254	($ 951,116)	$ 40,874,138

The cost of inventories recognised as expense for the period:

	For the three months ended March 31,
	2026	2025
Cost of inventories recognised as expense	$ 47,816,332	$ 48,044,071
Loss on decline in market value	24,193	77,188
(7) Prepayments
	March 31, 2026	December 31, 2025
Office supplies	$ 967,228	$ 970,337
Overpaid tax for offsetting the future tax payable	880,069	1,005,657
Prepayment for goods	20,429	19,695
Others	466,060	386,514
	$ 2,333,786	$ 2,382,203

(8) Property, plant and equipment

	2026
	Land	Buildings	Machineries	Others	Construction in progress and equipment to be inspected	Total
At January 1
Cost	$ 4,282,272	$ 7,531,678	$ 5,404,355	$ 2,764,134	$ 665,523	$ 20,647,962
Accumulated depreciation and impairment	-	( 5,464,147)	( 4,037,843)	( 2,171,072)	-	( 11,673,062)
	$ 4,282,272	$ 2,067,531	$ 1,366,512	$ 593,062	$ 665,523	$ 8,974,900
Balance at January 1	$ 4,282,272	$ 2,067,531	$ 1,366,512	$ 593,062	$ 665,523	$ 8,974,900
Additions	-	2,146	52,158	34,679	458,887	547,870
Disposals	-	-	( 6,252)	( 4,100)	-	( 10,352)
Reclassifications	-	12,212	3,495	932	( 9,228)	7,411
Depreciation charge	-	( 33,513)	( 146,111)	( 62,692)	-	( 242,316)
Net exchange differences	23,529	22,644	27,162	7,754	1,646	82,735
Balance at March 31	$ 4,305,801	$ 2,071,020	$ 1,296,964	$ 569,635	$ 1,116,828	$ 9,360,248
At March 31
Cost	$ 4,305,801	$ 7,426,210	$ 5,562,875	$ 2,818,977	$ 1,116,828	$ 21,230,691
Accumulated depreciation and impairment	-	( 5,355,190)	( 4,265,911)	( 2,249,342)	-	( 11,870,443)
	$ 4,305,801	$ 2,071,020	$ 1,296,964	$ 569,635	$ 1,116,828	$ 9,360,248
	2025
	Land	Buildings	Machineries	Others	Construction in progress and equipment to be inspected	Total
At January 1
Cost	$ 2,983,931	$ 6,734,538	$ 5,114,788	$ 2,521,386	$ 109,533	$ 17,464,176
Accumulated depreciation	-	( 5,287,454)	( 3,633,706)	( 2,011,156)	-	( 10,932,316)
	$ 2,983,931	$ 1,447,084	$ 1,481,082	$ 510,230	$ 109,533	$ 6,531,860
Balance at January 1	$ 2,983,931	$ 1,447,084	$ 1,481,082	$ 510,230	$ 109,533	$ 6,531,860
Additions	-	4,988	234,291	90,668	30,976	360,923
Disposals	-	-	( 21,161)	( 3,040)	-	( 24,201)
Reclassifications	-	4,137	-	687	( 1,098)	3,726
Depreciation charge	-	( 34,584)	( 141,621)	( 60,387)	-	( 236,592)
Net exchange differences	4,530	12,306	26,246	11,183	677	54,942
Balance at March 31	$ 2,988,461	$ 1,433,931	$ 1,578,837	$ 549,341	$ 140,088	$ 6,690,658
At March 31
Cost	$ 2,988,461	$ 6,893,124	$ 5,283,889	$ 2,613,407	$ 140,088	$ 17,918,969
Accumulated depreciation	-	( 5,459,193)	( 3,705,052)	( 2,064,066)	-	( 11,228,311)
	$ 2,988,461	$ 1,433,931	$ 1,578,837	$ 549,341	$ 140,088	$ 6,690,658

The information on property, plant and equipment provided as collateral is detailed in Note 8.

(9) Leasing arrangements—lessee

A. The Group leases various assets including land, buildings, machinery and equipment, and other equipment. Rental contracts are typically made for periods of 1 to 5 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes.

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

| | March 31, 2026
Carrying amount | December 31, 2025
Carrying amount | March 31, 2025
Carrying amount |
| --- | --- | --- | --- |
| Land | $ 52,039 | $ 51,028 | $ 53,380 |
| Buildings | 725,340 | 790,050 | 812,738 |
| Machinery and equipment | 28,703 | 21,265 | 6,355 |
| Other equipment | 52,766 | 57,317 | 57,487 |
| | $ 858,848 | $ 919,660 | $ 929,960 |
| | For the three months ended March 31, | |
| --- | --- | --- |
| | 2026 | 2025 |
| | Depreciation charge | Depreciation charge |
| Land | $ 492 | $ 486 |
| Buildings | 95,271 | 105,314 |
| Machinery and equipment | 2,056 | 830 |
| Other equipment | 6,917 | 6,298 |
| | $ 104,736 | $ 112,928 |

C. For the three months ended March 31, 2026 and 2025, the additions to right-of-use assets were $42,412 and $62,745, respectively.

D. The information on profit and loss accounts relating to lease contracts is as follows:

	For the three months ended March 31,
	2026	2025
Items affecting profit or loss
Interest expense on lease liabilities	$ 6,903	$ 7,969
Expense on leases of low-value or short-term assets	17,554	13,625
Expense on variable lease payments	3,204	3,972
Gain on lease modification	-	124

E. Apart from the cash outflow relating to the lease expense mentioned above in Note 6(9)D., information about the principal repayment of lease liability for the three months ended March 31, 2026 and 2025 are provided in Note 6(29).

(10) Leasing arrangements – lessor

A. The Group leases buildings. Rental contracts are typically made for periods of 1 to 3 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions.

B. The Group recognised rental income based on operating lease contracts for the three months ended March 31, 2026 and 2025, respectively. None of these included variable lease payments. Information is provided in Note 6(22).

C. The maturity analysis of lease payments in the operating lease is as follows:

	March 31, 2026	December 31, 2025	March 31, 2025
Less than 1 year	$ 27,669	$ 39,040	$ 42,877
Between 1 and 5 years	7,853	13,325	19,145
	$ 35,522	$ 52,365	$ 62,022

(11) Investment property

	2026	2025
	Buildings	Buildings
At January 1
Cost	$ 606,563	$ 531,202
Accumulated depreciation	( 557,465)	( 492,353)
	$ 49,098	$ 38,849
Balance at January 1	$ 49,098	$ 38,849
Reclassifications	( 7,554)	( 4,137)
Depreciation charge	( 1,120)	( 720)
Net exchange differences	1,435	814
Balance at March 31	$ 41,859	$ 34,806
At March 31
Cost	$ 589,340	$ 502,856
Accumulated depreciation	( 547,481)	( 468,050)
	$ 41,859	$ 34,806

A. Rental income from the lease of the investment and direct operating expenses arising from the investment property:

	For the three months ended March 31,
	2026	2025
Rental income from the lease of the investment property	$ 14,193	$ 12,799
Direct operating expenses arising from the investment property	$ 3,823	$ 3,055

B. As of March 31, 2026, December 31, 2025 and March 31, 2025, the fair value of the Group's investments in property amounting to $1,690,040, $1,302,649 and $1,062,937, respectively, as derived from market prices in the nearby area, are under Level 2 fair value measurement.

(12) Short-term borrowings

March 31, 2026 and 2025: None.

Type of borrowings	December 31, 2025	Interest rate range	Collateral
Bank borrowings
Unsecured borrowings	$ 4,500,000	1.718%~1.830%	None

(13) Other payables

	March 31, 2026	December 31, 2025	March 31, 2025
Dividend payable	$ 3,557,214	$ -	$ 4,224,281
Accrued salary and bonus	2,099,657	2,408,669	1,917,098
Accrued freight and import export expense	1,431,949	1,785,976	1,716,965
Directors’ remuneration and employees’ compensation	935,600	569,500	802,800
Advertising expenses payable	875,049	949,652	875,495
Accrued molding expense	270,735	273,680	245,263
Other accrued expenses	1,486,203	1,644,457	1,512,246
	$ 10,656,407	$ 7,631,934	$ 11,294,148

(14) Long-term borrowings

Type of borrowings	Borrowing period and repayment term	Interest rate range	Collateral	March 31, 2026
Long-term bank borrowings
Unsecured borrowings	Borrowing period is from May 28, 2025 to May 15, 2030; interest is repayable monthly. Principal is repayable in monthly installments from May 28, 2028.	1.55%~1.75%	None	$ 5,200,000
Secured borrowings	Borrowing period is from May 15, 2025 to May 14, 2030; principal and interest are repayable monthly in installments of USD 66,400; remaining principal is repayable at maturity.	3 months SOFR+ 0.95%	Note 8
				1,130,575
				6,330,575
Less: Current portion				( 25,493)
				$ 6,305,082

Type of borrowings	Borrowing period and repayment term	Interest rate range	Collateral	December 31, 2025
Long-term bank borrowings
Unsecured borrowings	Borrowing period is from May 28, 2025 to May 15, 2030; interest is repayable monthly. Principal is repayable in monthly installments from May 28, 2028.	1.55%~ 1.75%	None	$ 5,200,000
Secured borrowings	Borrowing period is from May 15, 2025 to May 14, 2030; principal and interest are repayable monthly in installments of USD 66,400; remaining principal is repayable at maturity.	3 months SOFR+ 0.95%	Note 8
				1,116,871
				6,316,871
Less: Current portion				( 25,043)
				$ 6,291,828

March 31, 2025: None.

(15) Pensions

A. Defined benefit pension plans

(a) The Company has a defined benefit pension plan in accordance with the Labor Standards Act, covering all regular employees' service years prior to the enforcement of the Labor Pension Act on July 1, 2005 and service years thereafter of employees who chose to continue to be subject to the pension mechanism under the Labor Standards Act. Under the defined benefit pension plan, two units are accrued for each year of service for the first 15 years and one unit for each additional year thereafter, subject to a maximum of 45 units. Pension benefits are based on the number of units accrued and the average monthly salaries and wages of the last 6 months prior to retirement. The Company contributes monthly an amount equal to 2% of the employees' monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, the Company would assess the balance in the aforementioned labor pension reserve account by December 31, every year. If the account balance is insufficient to pay the pension calculated by the aforementioned method to the employees expected to qualify for retirement in the following year, the Company will make contributions for the deficit by next March.

(b) The pension costs under defined contribution pension plans of the Group for the three months ended March 31, 2026 and 2025 were $827 and $978, respectively.

(c) Expected contributions to the defined benefit pension plans of the Group for the year ending December 31, 2027 amount to $12,615.

B. Defined contribution pension plans

(a) Effective July 1, 2005, the Company has established a defined contribution pension plan (the "New Plan") under the Labor Pension Act (the "Act"), covering all regular employees with R.O.C. nationality. Under the New Plan, the Company contributes monthly an amount based on 6% of the employees' monthly salaries and wages to the employees' individual pension accounts at the Bureau of Labor Insurance. The benefits accrued are paid monthly or in lump sum upon termination of employment.

(b) The Company's mainland China subsidiaries have a defined contribution plan. Monthly contributions to an independent fund administered by the government in accordance with the pension regulations in the People's Republic of China (PRC) are based on certain percentage of employees' monthly salaries and wages. Other than the monthly contributions, the Group has no further obligations.

(d) The pension costs under defined contribution pension plans of the Group for the three months ended March 31, 2026 and 2025 were $147,150 and $136,893, respectively.

(16) Provisions for liabilities

Warranty	2026	2025
At January 1	$ 1,261,151	$ 1,285,826
Additional provisions	256,332	243,981
Used during the period	( 244,459)	( 230,368)
Exchange differences	142	366
At March 31	$ 1,273,166	$ 1,299,805

Analysis of total provisions:

Current	March 31, 2026	December 31, 2025	March 31, 2025
	$ 1,273,166	$ 1,261,151	$ 1,299,805

The Group gives warranties on computer components and personal computers sold. Provision for warranty is estimated based on historical warranty data.

(17) Share capital

As of March 31, 2026, the Company's authorised capital was $15,000,000 (including 150,000 thousand shares reserved for convertible bonds issued by the Company and 80,000 thousand shares reserved for employee stock options), and the paid-in capital was $8,448,562 with a par value of $10 (in dollars) per share. All proceeds from shares issued have been collected.

(18) Capital surplus

Pursuant to the R.O.C. Company Act, capital surplus arising from paid-in capital in excess of par value on issuance of common stocks and donations can be used to cover accumulated deficit or to issue new stocks or cash to shareholders in proportion to their share ownership, provided that the Company has no accumulated deficit. Further, the R.O.C. Securities and Exchange Act requires that the amount of capital surplus to be capitalised mentioned above should not exceed 10% of the paid-in capital each year. Capital surplus should not be used to cover accumulated deficit unless the legal reserve is insufficient.

(19) Retained earnings

A. Under the Company's Articles of Incorporation, the current year's earnings, if any, shall first be used to pay all taxes and offset prior year's operating losses and then 10% of the remaining amount shall be set aside as legal reserve; however, if the legal reserve reaches the amount of paid-in capital, this limitation does not apply. Then set aside or reverse as special reserve. The balance plus unappropriated retained earnings at the beginning of the period shall be appropriated 10%~90% as proposed by the Board of Directors, and authorise the Board of Directors to distribute all or part of the dividends in cash by supermajority vote and report the distribution plan at the stockholders' meeting; or by issuing new stocks as resolved by the stockholders during their meeting.

B. The Company's dividend policy is summarised below: as the Company operates in a volatile business environment and is in the stable growth stage, except for the Company's future expansion plans, stockholders' interest is taken into consideration.

The Company appropriated dividends in proportion to total number of shares, dividends could be distributed in stock or cash, and cash dividends shall account for at least 30% of the total dividends distributed.

C. Except for covering accumulated deficit or issuing new stocks or cash to shareholders in proportion to their share ownership, the legal reserve shall not be used for any other purpose. The use of legal reserve for the issuance of stocks or cash to shareholders in proportion to their share ownership is permitted, provided that the distribution of the reserve is limited to the portion in excess of 25% of the Company's paid-in capital.

D. (a) In accordance with the regulations, the Company shall set aside special reserve from the debit balance on other equity items at the balance sheet date before distributing earnings. When debit balance on other equity items is reversed subsequently, the reversed amount could be included in the distributable earnings.

(b) The amounts previously set aside by the Company as special reserve on initial application of IFRSs in accordance with Jin-Guan-Zheng-Fa-Zi Letter No. 1090150022, dated March 31, 2021, shall be reversed proportionately when the relevant assets are used, disposed of or reclassified subsequently. Such amounts are reversed upon disposal or reclassified if the assets are investment property of land, and reversed over the use period if the assets are investment property other than land.

~29~

E. The appropriations of 2025 earnings had been resolved by the Board of Directors on March 12, 2026, and the appropriations of 2024 earnings had been approved at the stockholders' meeting on June 10, 2025. The details are as follows:

	2025		2024
	Amount	Dividends per share (in NT dollar)	Amount	Dividends per share (in NT dollar)
Legal reserve	$ 575,041		$ 684,731
Reversal of special reserve	( 201,619)		( 408,081)
Cash dividend	3,548,396	$ 4.20	4,224,281	$ 5.00

As of the date of this financial report, the appropriations of 2025 earnings has not been resolved at the stockholders' meeting.

Information about earnings appropriation of the Company as resolved by the Board of Directors is posted in the "Market Observation Post System" at the website of the Taiwan Stock Exchange.

(20) Operating revenue

A. The Group derives revenue from the transfer of goods at a point in time in the following major segment:

For the three months ended March 31, 2026	Computer and IT segment	Other	Total
Timing of revenue recognition
At a point in time	$ 56,253,766	$ 3,072	$ 56,256,838
For the three months ended March 31, 2025	Computer and IT segment	Other	Total
Timing of revenue recognition
At a point in time	$ 53,530,755	$ 9,595	$ 53,540,350

B. Contract liabilities

(a) The Group has recognised the following revenue-related contract liabilities:

	March 31, 2026	December 31, 2025
Contract liabilities – advance sales receipts	$ 616,788	$ 1,253,681
	March 31, 2025	January 1, 2025
Contract liabilities – advance sales receipts	$ 379,772	$ 203,938

(b) Revenue recognised that was included in the contract liability balance at the beginning of the period:

	For the three months ended March 31,
	2026	2025
Revenue recognised that was included in the contract liability balance at the beginning of the period
Advance sales receipts	$ 1,129,889	$ 132,825
(21) Interest income
	For the three months ended March 31,
	2026	2025
Interest income from bank deposits	$ 119,603	$ 116,393
Interest income from financial assets measured at amortised cost	5,722	5,950
	$ 125,325	$ 122,343
(22) Other income
	For the three months ended March 31,
	2026	2025
Rental revenue	$ 14,193	$ 12,799
Others	86,184	52,419
	$ 100,377	$ 65,218
(23) Other gains and losses
	For the three months ended March 31,
	2026	2025
Net currency exchange gains	$ 333,959	$ 585,759
Losses on financial assets and liabilities at fair value through profit or loss	( 259,838)	( 457,353)
Net gains on disposal of property, plant and equipment	8,803	46,323
Other expenses	( 8,799)	( 85,365)
	$ 74,125	$ 89,364
(24) Expenses by nature
	For the three months ended March 31,
	2026	2025
Employee benefit expense	$ 3,339,341	$ 2,839,499
Depreciation charges	348,172	350,240
Amortisation charges	218	159
	$ 3,687,731	$ 3,189,898

~32~

(25) Employee benefit expense

	For the three months ended March 31,
	2026	2025
Wages and salaries	$ 2,895,678	$ 2,410,625
Labor and health insurance fees	179,512	172,456
Pension costs	147,977	137,871
Other personnel expenses	116,174	118,547
Total	$ 3,339,341	$ 2,839,499

A. In accordance with the Articles of Incorporation of the Company, a ratio of distributable profit of the current year, after covering accumulated losses, shall be distributed as employees' compensation and directors' remuneration. The ratio shall be 6%~10% for employees' compensation (not less than 10% of the employee remuneration allocated to the entry-level employees) and shall not be higher than 1% for directors' remuneration.

B. For the three months ended March 31, 2026 and 2025, employees' remuneration were accrued at $333,100 and $91,800, respectively; while directors' remuneration were accrued at $33,000 and $9,900, respectively. The aforementioned amounts were recognised in salary expenses.

The employees' compensation and directors' remuneration were estimated and accrued based on the historical distribution ratio and the profit of the current year for the three months ended March 31, 2026.

Employees' compensation and directors' remuneration of 2025 as resolved at the meeting of Board of Directors were in agreement with those amounts recognised in the 2025 financial statements.

Information about employees' compensation and directors' remuneration of the Company as resolved by the Board of Directors will be posted in the "Market Observation Post System" at the website of the Taiwan Stock Exchange.

(26) Income tax

A. Income tax expense

(a) Components of income tax expense:

	For the three months ended March 31,
	2026	2025
Current tax:
Current tax on profits for the period	$ 761,169	$ 175,909
Prior year income tax overestimation	( 636)	( 331)
Total current tax	760,533	175,578
Deferred tax:
Origination and reversal of temporary differences	( 43,916)	28,070
Total deferred tax	( 43,916)	28,070
Income tax expense	$ 716,617	$ 203,648

(b) The income tax charge relating to components of other comprehensive income: None.

B. The Company’s income tax returns through 2023 have been assessed and approved by the Tax Authority.

C. The Group has applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes.

D. The Group’s exposure to Pillar Two income taxes arising from the Pillar Two legislation is as follows:

The Group is within the scope of the Pillar Two model rules published by the Organisation for Economic Co-operation and Development (OECD). Pillar Two legislation was enacted in Netherlands, France, United Kingdom, Japan, Australia, Germany, South Korea and Canada, the jurisdiction in which some subsidiaries are incorporated, and came into effect from January 1, 2024. The Group has no related current tax exposure as of March 31, 2026. Under the Pillar Two legislation, the Group is liable to pay a top-up tax for the difference between its GloBE Anti-Base Erosion Model Rules (GloBE Rules) effective tax rate per jurisdiction and the 15% minimum rate.

(27) Earnings per share

	For the three months ended March 31, 2026
	Amount after tax	Retroactively adjusted weighted-average outstanding ordinary shares (in thousands)	Earnings per share (in NT dollars)
Basic earnings per share
Profit attributable to ordinary shareholders of the parent	$ 3,416,814	844,856	$ 4.04
Diluted earnings per share
Profit attributable to ordinary shareholders of the parent	$ 3,416,814	844,856
Assumed conversion of all dilutive potential ordinary shares
Employees’ compensation	-	8,251
Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares	$ 3,416,814	853,107	$ 4.01

~34~

	For the three months ended March 31,2025
	Amount after tax	Retroactively adjusted weighted-average outstanding ordinary shares (in thousands)	Earnings per share (in NT dollars)
Basic earnings per share
Profit attributable to ordinary shareholders of the parent	$ 1,077,145	844,856	$ 1.27
Diluted earnings per share
Profit attributable to ordinary shareholders of the parent	$ 1,077,145	844,856
Assumed conversion of all dilutive potential ordinary shares
Employees’ compensation	-	4,221
Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares	$ 1,077,145	849,077	$ 1.27

(28) Supplemental cash flow information

A. Investing activities with partial cash payments

	For the three months ended March 31,
	2026	2025
Purchase of property, plant and equipment	$ 547,870	$ 360,923
Add: Opening balance of payable on equipment	37,563	78,367
Less: Ending balance of payable on equipment	( 41,025)	( 193,666)
Cash paid during the year ended March 31	$ 544,408	$ 245,624

B. Financing activities with no cash flow effects

	For the three months ended March 31,
	2026	2025
Purchase of right-of-use assets	$ 42,412	$ 62,745
Less: Additional lease liabilities during the period	( 42,412)	( 62,745)
Cash paid during the three months ended March 31	$ -	$ -
	For the three months ended March 31,
	2026	2025
Cash dividends declared but not yet to be paid	$ 3,548,396	$ 4,224,281

(29) Changes in liabilities from financing activities

	2026
	Short-term borrowings	Long-term borrowings (including maturing within one year)	Lease liabilities (current/ non-current)	Guarantee deposits received	Liabilities from financing activities-gross
At January 1	$4,500,000	$6,316,871	$883,943	$431,882	$12,132,696
Changes in cash flow from financing activities	(4,500,000)	(6,373)	(103,134)	5,782	(4,603,725)
Impact of changes in foreign exchange rate	-	20,077	(634)	-	19,443
Changes in other non-cash items	-	-	43,060	-	43,060
At March 31	$-	$6,330,575	$823,235	$437,664	$7,591,474
	2025
	Short-term borrowings	Long-term borrowings (including maturing within one year)	Lease liabilities (current/ non-current)	Guarantee deposits received	Liabilities from financing activities-gross
At January 1	$-	$-	$900,257	$315,245	$1,215,502
Changes in cash flow from financing activities	-	-	(110,363)	9,768	(100,595)
Impact of changes in foreign exchange rate	-	-	34,493	-	34,493
Changes in other non-cash items	-	-	63,732	-	63,732
At March 31	$-	$-	$888,119	$325,013	$1,213,132

RELATED PARTY TRANSACTIONS

(1) Names of related parties and relationship
None.

(2) Significant related party transactions
None.

(3) Key management compensation

	For the three months ended March 31,
	2026	2025
Short-term employee benefits	$181,907	$115,539
Post-employment benefits	621	594
	$182,528	$116,133

~36~

8. PLEDGED ASSETS

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

Asset items	Book value			Purpose
	March 31, 2026	December 31, 2025	March 31, 2025
Non-current financial assets at amortised cost	$ 620,229	$ 569,577	$ 563,127	Performance security guarantee
Property, plant and equipment	2,086,196	2,049,356	-	For guarantee of long-term loans
	$ 2,706,425	$ 2,618,933	$ 563,127

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS

(1) Contingencies: Some of the Group’s products are under investigation from third parties asserting that the Group has infringed certain patents. Although the Group does not expect that the outcome of any of these legal proceedings will have a material adverse effect on its business operations and finances, the litigation is inherently unpredictable. Therefore, the Group may be involved in a future lawsuit or enter into settlements of claims that could adversely affect its operating results or cash flows within a particular period.

(2) Commitments:

Capital expenditure contracted for at the balance sheet date but not yet incurred is as follows:

	March 31, 2026
	Total contract price	Unpaid balance
Property, plant and equipment	$ 6,145,715	$ 5,343,104
	December 31, 2025
	Total contract price	Unpaid balance
Property, plant and equipment	$ 5,540,000	$ 5,015,521
	March 31, 2025
	Total contract price	Unpaid balance
Property, plant and equipment	$ 3,560,000	$ 3,560,000

10. SIGNIFICANT DISASTER LOSS

None.

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

The Company's Board of Directors' meeting has resolved for the subsidiary MSI(NL)'s cash capital increase of EUR 15,000 thousand on May 12, 2026.
The Board of Directors of the subsidiary Mystar approved the sale of its held land to the subsidiary MSI(NL), and the total sale price is EUR 581 thousand on May 12, 2026.

~37~

12. OTHERS

(1) Capital management

The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and to maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or repurchase outstanding shares.

(2) Financial instruments

A. Financial instruments by category

Except for the following table, the Group’s financial assets (cash and cash equivalents, financial assets at amortised cost (current/non-current), accounts receivable, other receivables, financial assets at fair value through profit or loss - current, financial assets at fair value through other comprehensive income - non-current and financial liabilities (short-term borrowings, financial liabilities at fair value through profit or loss - current, accounts payable, other payables, long-term borrowings and lease liabilities (current/non-current)) are provided in the consolidated balance sheet and Note 6 for details.

	March 31, 2026	December 31, 2025	March 31, 2025
Financial assets
Financial assets at amortised cost
Guarantee deposits paid	$ 88,597	$ 88,548	$ 91,547
Financial liabilities
Financial liabilities at amortised cost
Guarantee deposits received	$ 437,664	$ 431,882	$ 325,013

B. Financial risk management policies

The Group’s activities expose it to a variety of financial risks: including market risk (including foreign exchange risk, price risk and interest rate risk), credit risk and liquidity risk. The Group’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group’s financial position and financial performance.

C. Significant financial risks and degrees of financial risks

(a) Market risk

Foreign exchange risk

i. The Group operates internationally and is exposed to foreign exchange risk arising from various currency exposures, foreign exchange risk arises from future commercial transactions, recognised assets and liabilities and net investments in foreign operations.

ii. Management has set up a policy to require group companies to manage their foreign exchange risk against their functional currency.

iii. The Group has certain investments in foreign operations, whose net assets are exposed to foreign currency translation risk.

iv. The Group hedges foreign exchange rate by using forward exchange contracts. However, the Group does not adopt hedging accounting. Details of financial assets or liabilities at fair value through profit or loss are provided in Note 6(2).

v. The Group’s businesses involve some non-functional currency operations. The information on assets and liabilities denominated in foreign currencies whose values would be materially affected by the exchange rate fluctuations is as follows:

	March 31, 2026
(Foreign currency: functional currency)	Foreign Currency Amount (In thousands)	Exchange rate	Book Value (NTD)
Financial assets
Monetary items
USD: NTD	$ 489,882	31.9950	$ 15,673,774
USD: CNY	79,448	6.9119	2,541,931
EUR: NTD	60,897	36.7100	2,235,547
CAD: USD	27,216	0.7176	624,883
JPY:NTD	1,939,902	0.2005	388,950
GBP: NTD	8,434	42.2700	356,498
Financial liabilities
Monetary items
USD: NTD	897,221	31.9950	28,706,590
USD: CNY	268,115	6.9119	8,578,333
EUR: NTD	29,032	36.7100	1,065,758
	December 31, 2025
(Foreign currency: functional currency)	Foreign Currency Amount (In thousands)	Exchange rate	Book Value (NTD)
Financial assets
Monetary items
USD: NTD	$ 536,075	31.4300	$ 16,848,825
EUR: NTD	83,127	36.9000	3,067,399
USD: CNY	86,503	6.9907	2,718,802
CAD: USD	32,241	0.7299	739,611
GBP: NTD	16,089	42.3300	681,041
Financial liabilities
Monetary items
USD: NTD	867,284	31.4300	27,258,743
USD: CNY	309,504	6.9907	9,727,696
EUR: NTD	34,260	36.9000	1,264,201

March 31, 2025

(Foreign currency: functional currency)	Foreign Currency Amount (In thousands)	Exchange rate	Book Value (NTD)
Financial assets
Monetary items
USD: NTD	$ 526,330	33.2050	$ 17,476,792
USD: CNY	88,717	7.2611	2,945,862
EUR: NTD	70,211	35.9700	2,525,491
CAD: USD	29,488	0.6975	682,940
JPY: NTD	2,297,875	0.2227	511,737
AUD: NTD	22,954	20.8100	477,674
Financial liabilities
Monetary items
USD: NTD	867,941	33.2050	28,819,972
USD: CNY	400,892	7.2611	13,311,605
EUR: NTD	11,579	35.9700	416,504

vi. The exchange gain (loss) arising from significant foreign exchange variation on the monetary items held by the Group for the three months ended March 31, 2026 and 2025 are provided in Note 6(23).

vii. Analysis of foreign currency market risk arising from significant foreign exchange variation:

	For the three months ended March 31, 2026
	Sensitivity analysis
(Foreign currency: functional currency)	Degree of variation	Effect on profit or loss (before tax)	Effect on other comprehensive income
Financial assets
Monetary items
USD: NTD	1%	$ 156,738	$ -
USD:CNY	1%	25,419	-
EUR: NTD	1%	22,355	-
CAD: USD	1%	6,249	-
JPY: NTD	1%	3,890	-
GBP: NTD	1%	3,565	-
Financial liabilities
Monetary items
USD: NTD	1%	287,066	-
USD: CNY	1%	85,783	-
EUR: NTD	1%	10,658	-

For the three months ended March 31, 2025

	Sensitivity analysis
(Foreign currency: functional currency)	Degree of variation	Effect on profit or loss (before tax)	Effect on other comprehensive income
Financial assets
Monetary items
USD: NTD	1%	$ 174,768	$ -
USD: CNY	1%	29,459	-
EUR: NTD	1%	25,255	-
CAD: USD	1%	6,829	-
JPY: NTD	1%	5,117	-
AUD: NTD	1%	4,777	-
Financial liabilities
Monetary items
USD: NTD	1%	288,200	-
USD: CNY	1%	133,116	-
EUR: NTD	1%	4,165	-

Price risk

i. The Group's equity securities, which are exposed to price risk, are the held financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income.

To manage its price risk arising from investments in equity securities, the Group diversifies its portfolio. Diversification of the portfolio is done in accordance with the limits set by the Group.

ii. The Group has investments in equity securities. The prices of equity securities would change due to the change of the future value of investee companies. If the prices of these equity securities had increased/decreased by 1% with all other variables held constant, post-tax profit for the three months ended March 31, 2026 and 2025 would have increased/decreased by $1,144 and $582, as a result of gain or loss of equity instruments at fair value through profit or loss. Also, other components of equity would have increased/decreased by $707 and $704, respectively, as a result of other comprehensive income on equity investments classified as at fair value through other comprehensive income.

Cash flow and fair value interest rate risk

i. The Group simulates multiple scenarios and analyzes interest rate risk, including considerations for refinancing, renewing existing positions, other available financing and hedging options, to calculate the impact of interest rate fluctuations on earnings. For each scenario, all currencies are subjected to the same interest rate changes. These simulations are only applied to significant interest-bearing liabilities.

ii. The Group’s main interest rate risk arises from long-term and short-term borrowings with variable rates, which expose the Group to cash flow interest rate risk. During 2026, the Group’s borrowings at variable rate were mainly denominated in New Taiwan dollars and US Dollars.

iii. If the borrowing interest rate had increased/decreased by 1% with all other variables held constant, profit, net of tax for the three months ended March 31, 2026 and 2025 would have increased/decreased by $12,661 and $0, respectively. The main factor is that changes in interest expense result in floating-rate borrowings.

(b) Credit risk

i. Credit risk refers to the risk of financial loss to the Group arising from default by the clients or counterparties of financial instruments on the contract obligations. The main factor is that counterparties could not repay in full the accounts receivable and financial assets at amortised cost cash flow based on the agreed terms.

ii. The Group manages their credit risk taking into consideration the entire group’s concern. For banks and financial institutions, only parties with a rating of investment grade are accepted. According to the Group’s credit policy, each local entity in the Group is responsible for managing and analysing the credit risk for each of their new clients before standard payment and delivery terms and conditions are offered. Internal risk control assesses the credit quality of the customers, taking into account their financial position, past experience and other factors. Individual risk limits are set based on internal or external ratings in accordance with limits set by the management. The utilisation of credit limits is regularly monitored. Credit risk arises from credit exposures to wholesale and retail customers, including outstanding receivables.

iii. The Group adopts the assumptions, if the contract payments were past due over 90 days based on the terms, there has been a significant increase in credit risk on that instrument since initial recognition.

iv. The Group adopts the assumptions, the default occurs when the contract payments are past due over 150 days.

v. The following indicators are used to determine whether the credit impairment of debt instruments has occurred:

(i) It becomes probable that the issuer will enter bankruptcy or other financial reorganization due to their financial difficulties;

(ii) The disappearance of an active market for that financial asset because of financial difficulties;

(iii) Default or delinquency in interest or principal repayments;

(iv) Adverse changes in national or regional economic conditions that are expected to cause a default.

~41~

vi. The Group categorizes accounts receivable from customers based on the characteristics of sales regions and applies a simplified method to estimate expected credit losses using a matrix approach. Adjustments are made for forward-looking considerations based on loss rates established from historical and current information for specific periods to estimate the allowance for doubtful accounts. The Group's schedule of changes in the allowance for doubtful accounts using the simplified method is as follows:

	Accounts receivable
	2026	2025
At January 1	$ 122,134	$ 141,743
Reversal impairment loss	( 6,021)	( 48,475)
Effect of foreign exchange	1,237	805
At March 31	$ 117,350	$ 94,073

vii. The Group wrote-off the financial assets, which cannot be reasonably expected to be recovered, after initiating recourse procedures. However, the Group will continue executing the recourse procedures to secure their rights.

i. Cash flow forecasting is performed in the operating entities of the Group and aggregated by Group treasury. Group treasury monitors rolling forecasts of the Group's liquidity requirements to ensure it has sufficient cash to meet operational needs. Such forecasting takes into consideration the Group's internal balance sheet ratio targets and external regulatory or legal requirements.

ii. The table below analyses the Group's non-derivative financial liabilities and net-settled or gross-settled derivative financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date for non-derivative financial liabilities and to the expected maturity date for derivative financial liabilities. Except for the following table, others are maturing within one year, and the undiscounted contractual cash flow is equivalent to the consolidated balance sheet.

Other undiscounted contractual cash flow of non-derivative financial liabilities are as follows:

Non-derivative financial liabilities:

March 31, 2026	Less than 1 year	Between 1 to 2 years	Between 2 to 3 years	Over 3 years
Lease liabilities	355,107	270,751	142,304	100,356
Long-term borrowings	178,515	169,926	2,334,931	4,190,043
Other financial liabilities	11,559	23,829	842	401,434
Non-derivative financial liabilities:
December 31, 2025	Less than 1 year	Between 1 to 2 years	Between 2 to 3 years	Over 3 years
Short-term borrowings	$ 4,507,006	$ -	$ -	$ -
Lease liabilities	373,539	263,207	164,812	129,944
Long-term borrowings	170,106	168,790	1,687,802	4,857,983
Other financial liabilities	11,664	39,453	842	379,923
Non-derivative financial liabilities:
March 31, 2025	Less than 1 year	Between 1 to 2 years	Between 2 to 3 years	Over 3 years
Lease liabilities	$ 394,252	$ 225,154	$ 143,900	$ 183,897
Other financial liabilities	7,200	9,003	3,231	305,579

iii. The Group does not expect the timing of occurrence of the cash flows estimated through the maturity date analysis will be significantly earlier, nor expect the actual cash flow amount will be significantly different.

(3) Fair value information

A. The different levels that the inputs to valuation techniques are used to measure fair value of financial and non-financial instruments have been defined as follows:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. A market is regarded as active where a market in which transactions for the asset or liability takes place with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Unobservable inputs for the asset or liability.

B. The fair value information of the Group's investments in property is provided in Note 6(11).

C. Financial instruments not measured at fair value

The Group's cash and cash equivalents, financial assets at amortised cost, accounts receivable, other receivables, guarantee deposits paid, accounts payable, other payables, short-term borrowings, long-term borrowings, lease liabilities and guarantee deposits received are approximate to their fair values. The transaction value information is provided in Note 12(2)A.

D. The related information of financial and non-financial instruments measured at fair value by level on the basis of the nature, characteristics and risks of the assets and liabilities is as follows:

March 31, 2026	Level 1	Level 2	Level 3	Total
Assets:
Recurring fair value measurements
Financial assets at fair value through profit or loss
-Equity securities	$ 143,049	$ -	$ -	$ 143,049
-Forward exchange contract	-	25,723	-	25,723
Financial assets at fair value through other comprehensive income
-Equity securities	-	-	88,396	88,396
Total	$ 143,049	$ 25,723	$ 88,396	$ 257,168
March 31, 2026	Level 1	Level 2	Level 3	Total
Liabilities:
Recurring fair value measurements
Financial liabilities at fair value through profit or loss
-Forward exchange contract	$ -	$ 55,490	$ -	$ 55,490
-Foreign exchange swap	-	124,761	-	124,761
	$ -	$ 180,251	$ -	$ 180,251
December 31, 2025	Level 1	Level 2	Level 3	Total
Assets:
Recurring fair value measurements
Financial assets at fair value through profit or loss
-Equity securities	$ 155,309	$ -	$ -	$ 155,309
-Forward exchange contract	-	8,766	-	8,766
Financial assets at fair value through other comprehensive income
-Equity securities	-	-	88,396	88,396
Total	$ 155,309	$ 8,766	$ 88,396	$ 252,471
Liabilities:
Recurring fair value measurements
Financial liabilities at fair value through profit or loss
-Forward exchange contract	$ -	$ 75,614	$ -	$ 75,614
-Foreign exchange swap	-	185,700	-	185,700
	$ -	$ 261,314	$ -	$ 261,314

~45~

March 31, 2025	Level 1	Level 2	Level 3	Total
Assets:
Recurring fair value measurements
Financial assets at fair value through profit or loss
-Equity securities	$ 72,739	$ -	$ -	$ 72,739
-Forward exchange contract	-	23,362	-	23,362
Financial assets at fair value through other comprehensive income
-Equity securities	-	-	87,977	87,977
Total	$ 72,739	$ 23,362	$ 87,977	$ 184,078
March 31, 2025	Level 1	Level 2	Level 3	Total
Liabilities:
Recurring fair value measurements
Financial liabilities at fair value through profit or loss
-Forward exchange contract	$ -	$ 198,653	$ -	$ 198,653
-Foreign exchange swap	-	139,020	-	139,020
	$ -	$ 337,673	$ -	$ 337,673

E. The methods and assumptions the Group used to measure fair value are as follows:

(a) The level 1 financial instruments-equity security held by the Group are listed shares, and the market quoted price is determined by the closing price of the security.

(b) Except for financial instruments with active markets, the fair value of other financial instruments is measured by using valuation techniques or by reference to counterparty quotes.

(c) When assessing non-standard and low-complexity financial instruments, for example, debt instruments without active market, interest rate swap contracts, foreign exchange swap contracts and options, the Group adopts valuation technique that is widely used by market participants. The inputs used in the valuation method to measure these financial instruments are normally observable in the market.

(d) The valuation of derivative financial instruments is based on valuation model widely accepted by market participants, such as present value techniques and option pricing models. Forward exchange contracts are usually valued based on the current forward exchange rate.

F. For the three months ended March 31, 2026 and 2025, there were no transfer between Level 1 and Level 2.

G. For the three months ended March 31, 2026 and 2025, there were no transfer in or out from Level 3.

H. The Group entrusts an external evaluation agency to evaluate the fair value classified as Level 3.

I. The following is the qualitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:

	Fair value at December 31, 2026	Valuation technique	Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value
Non-derivative equity instrument:
Unlisted shares	$ 88,396	Market approach	Discount for lack of market ability	25%	The higher the discount for lack of market ability, the lower the fair value
	Fair value at December 31, 2025	Valuation technique	Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value
Non-derivative equity instrument:
Unlisted shares	$ 88,396	Market approach	Discount for lack of market ability	25%	The higher the discount for lack of market ability, the lower the fair value
	Fair value at March 31, 2025	Valuation technique	Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value
Non-derivative equity instrument:
Unlisted shares	$ 87,977	Market approach	Discount for lack of market ability	25%	The higher the discount for lack of market ability, the lower the fair value

J. The Group has carefully assessed the valuation models and assumptions used to measure fair value; therefore, the fair value measurement is reasonable. However, use of different valuation models or assumptions may result in a different outcome.

~47~

13. SUPPLEMENTARY DISCLOSURES

(1) Significant transactions information

A. Loans to others: None.
B. Provision of endorsements and guarantees to others: Please refer to table 1.
C. Holding of significant marketable securities at the end of the period (not including subsidiaries, associates and joint ventures): Please refer to table 2.
D. Purchases or sales of goods from or to related parties reaching NT$100 million or 20% of paid-in capital or more: Please refer to table 3.
E. Receivables from related parties reaching NT$100 million or 20% of paid-in capital or more: Please refer to table 4.
F. Derivative financial instruments transactions: Please refer to Note 6(2).
G. Significant inter-company transactions during the reporting periods: Please refer to table 5.

(2) Information on investees

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

(3) Information on investments in Mainland China

A. Basic information: Please refer to table 7.
B. Significant transactions conducted with investees in Mainland China directly or indirectly through other companies in the third areas: Please refer to table 8.

14. SEGMENT INFORMATION

(1) General information and measurement of segment information

The Group mainly operates computers and peripheral products. The chief operating decision-maker is the Board of Directors, who considers the whole business as a single performance entity, and assesses performance, makes decisions and allocates resources based on financial information. It has identified that the Group has only one reportable operating segment.

(2) Information about segment profit or loss, assets and liabilities:

The Group's Board of Directors mainly evaluates the performance of the operating segments based on the Group's quarterly financial statements.

(3) Reconciliation for segment income

The Group is a single reportable segment. The profit and loss, assets and liabilities of the segment are consistent with the profit and loss, assets and liabilities shown in the financial statements, so there is no reconciliation required.

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES

Provision of endorsements and guarantees to others

For the three months ended March 31, 2026

Expressed in thousands of NTD

(Except as otherwise indicated)

Table 1

Number (Note 1)	Endorser/guarantee	Party being endorsed/guaranteed		Limit on endorsements/guarantees provided for a single party (Note 3)	Maximum outstanding endorsement/guarantee amount as of March 31, 2026 (Note 4)	Outstanding endorsement/guarantee amount at March 31, 2026 (Note 5)	Actual amount drawn down (Note 6)	Amount of endorsements/guarantees secured with collateral	Ratio of accumulated endorsement/guarantee amount to net asset value of the endorser/guarantee company	Ceiling on total amount of endorsements/guarantees provided (Note 3)	Provision of endorsements/guarantees by parent company to subsidiary (Note 7)	Provision of endorsements/guarantees by subsidiary to parent company (Note 7)	Provision of endorsements/guarantees to the party in Mainland China (Note 7)
		Company name	Relationship with the endorser/guarantee (Note 2)
0	MICRO-STAR INTERNATIONAL CO., LTD.	INDOMSI	2	$ 10,982,840	$ 127,980	$ 127,980	$ -	$ -	0.23%	$ 27,457,100	Y	N	N
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (SHANGHAI)	2	10,982,840	462,900	462,900	-	-	0.84%	27,457,100	Y	N	Y

Note 1: The numbers filled in for the endorsements/guarantees provided by the Company or subsidiaries are as follows:
(1) The Company is '0'.
(2) The subsidiaries are numbered in order starting from '1'.

Note 2: Relationship between the endorser/guarantee and the party being endorsed/guaranteed is classified into the following seven categories; fill in the number of category each case belongs to:
(1) Having business relationship.
(2) The endorser/guarantee parent company owns directly and indirectly more than 50% voting shares of the endorsed/guaranteed subsidiary.
(3) The endorsed/guaranteed company owns directly and indirectly more than 50% voting shares of the endorser/guarantee parent company.
(4) The endorser/guarantee parent company owns directly and indirectly more than 90% voting shares of the endorsed/guaranteed company.
(5) Mutual guarantee of the trade made by the endorsed/guaranteed company or joint contractor as required under the construction contract.
(6) Due to joint venture, all shareholders provide endorsements/guarantees to the endorsed/guaranteed company in proportion to its ownership.
(7) Joint guarantee of the performance guarantee for pre-sold home sales contract as required under the Consumer Protection Act.

Note 3: Fill in limit on endorsements/guarantees provided for a single party and ceiling on total amount of endorsements/guarantees provided as prescribed in the endorser/guarantee company's "Procedures for Provision of Endorsements and Guarantees", and state each individual party to which the endorsements/guarantees have been provided and the calculation for ceiling on total amount of endorsements/guarantees provided in the footnote.

According to the company's "Procedures for External Endorsements and Guarantees," the total amount of external endorsements and guarantees must not exceed 50% of the net value in the most recent financial report.

The total amount for a single entity must not exceed 20% of the net value in the most recent financial report. The calculation is as follows:
(1) $54,914,200 \times 50\% = \$27,457,100$
(2) $54,914,200 \times 20\% = \$10,982,840$

Note 4: Fill in the year-to-date maximum outstanding balance of endorsements/guarantees provided as of the reporting period.

Note 5: Fill in the amount approved by the Board of Directors or the chairman if the chairman has been authorised by the Board of Directors based on subparagraph 8, Article 12 of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies.

Note 6: Fill in the actual amount of endorsements/guarantees used by the endorsed/guaranteed company.

Note 7: Fill in "Y" for those cases of provision of endorsements/guarantees by listed parent company to subsidiary and provision by subsidiary to listed parent company, and provision to the party in Mainland China.

Table 1 Page 1

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES

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

March 31, 2026

Expressed in thousands of NTD

(Except as otherwise indicated)

Table 2

Securities held by	Marketable securities	Relationship with the securities issuer	General ledger account	As of March 31, 2026				Footnote
				Number of shares	Book value	Ownership (%)	Fair value
MSI (HOLDING)	Adidas ordinary shares	-	Financial assets at fair value through profit or loss - current	3,000	$ 15,049	-	$ 15,049	-
MSI (HOLDING)	BMW ordinary shares	-	Financial assets at fair value through profit or loss - current	10,000	28,660	-	28,660	-
MSI (HOLDING)	Deutsche Bank ordinary shares	-	Financial assets at fair value through profit or loss - current	30,000	27,659	-	27,659	-
MSI (HOLDING)	Hermes International ordinary shares	-	Financial assets at fair value through profit or loss - current	300	17,720	-	17,720	-
MSI (HOLDING)	SANOFI ordinary shares	-	Financial assets at fair value through profit or loss - current	8,000	24,293	-	24,293	-
MSI (HOLDING)	SAP ordinary shares	-	Financial assets at fair value through profit or loss - current	5,500	29,668	-	29,668	-
MICRO-STAR INTERNATIONAL CO., LTD.	Now.gg, Inc.(Original Name: BLUESTACK SYSTEMS, INC.) preference shares	-	Financial assets at fair value through other comprehensive income - non current	516,052	88,396	-	88,396	-

Table 2 Page 1

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES

Purchases or sales of goods from or to related parties reaching NT$100 million or 20% of paid-in capital or more

For the three months ended March 31, 2026

Table 3
Expressed in thousands of NTD
(Except as otherwise indicated)

Transaction company (Note 3)	Name of the counter party (Note 3)	Relationship with the counterparty	Description of the transaction				Description and reasons of difference in transaction terms compared to third party transactions		Accounts or notes receivable (payable)		Footnote
			Purchases/(Sales)	Amount (Note 2)	% of total purchase (sale)	Credit terms	Unit price	Credit terms	Balance (Note 2)	% of total accounts or notes receivable (payable)
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (LA)	Subsidiary	Sales	($ 8,444,654)	(16)	60~100 days	-	-	$ 19,112,587	32	-
MICRO-STAR INTERNATIONAL CO., LTD.	MYSTAR	Second-tier Subsidiary	Sales	( 462,092)	(1)	30~100 days	-	-	183,376	-	-
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (KOREA)	Second-tier Subsidiary	Sales	( 1,457,405)	(3)	40~70 days	-	-	280,831	-	-
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (SHANGHAI)	Second-tier Subsidiary	Sales	( 2,815,992)	(5)	40~70 days	-	-	3,071,638	5	-
MICRO-STAR INTERNATIONAL CO., LTD.	MSI COMPUTER (SHENZHEN)	Second-tier Subsidiary	Purchase	21,155,017	61	90-150 days	Note 1	Note 1	( 16,461,432)	(32)	Note 4
MICRO-STAR INTERNATIONAL CO., LTD.	MSI ELECTRONICS (KUNSHAN)	Second-tier Subsidiary	Purchase	8,509,618	25	90-150 days	Note 1	Note 1	( 8,730,680)	(17)	Note 4

Note 1: There are no counterparties for comparison and the relevant transactions have been eliminated in the preparation of the consolidated financial statements.
Note 2: Balances after elimination in conformity with regulations.
Note 3: Corresponding transactions are not disclosed.
Note 4: The Group sold materials to the above related parties for processing and repurchased the finished goods. The sales amount of materials and repurchase price of finished goods were offset against each other and shown at net amount in the financial statements.

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES

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

March 31, 2026

Expressed in thousands of NTD

(Except as otherwise indicated)

Table 4

Creditor	Counterparty	Relationship with the counterparty	Balance as of March 31, 2026	Turnover rate	Overdue receivables		Amount collected subsequent to the balance sheet date	Allowance for doubtful accounts
					Amount	Action taken
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (LA)	Subsidiary	$ 19,112,587	1.69	$ -	-	$ 1,951,287	$ -
MICRO-STAR INTERNATIONAL CO., LTD.	MYSTAR	Second-tier Subsidiary	183,376	4.04	-	-	58,869	-
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (KOREA)	Second-tier Subsidiary	280,831	21.32	-	-	206,326	-
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (SHANGHAI)	Second-tier Subsidiary	3,071,638	3.82	-	-	464,920	-
MICRO-STAR INTERNATIONAL CO., LTD.	INDOMSI	Subsidiary	167,630	-	-	-	-	-
MICRO-STAR INTERNATIONAL CO., LTD.	MSI COMPUTER (SHENZHEN)	Second-tier Subsidiary	9,507,713	-	-	-	3,579,247	-
MICRO-STAR INTERNATIONAL CO., LTD.	MSI ELECTRONICS (KUNSHAN)	Second-tier Subsidiary	12,491,184	-	-	-	1,678,074	-
MSI (PACIFIC)	MICRO-STAR INTERNATIONAL CO., LTD.	Ultimate parent company	249,096	-	-	-	-	-
MSI COMPUTER (SHENZHEN)	MICRO-STAR INTERNATIONAL CO., LTD.	Ultimate parent company	16,461,432	4.73	-	-	4,094,503	-
MSI ELECTRONICS (KUNSHAN)	MICRO-STAR INTERNATIONAL CO., LTD.	Ultimate parent company	8,730,680	3.78	-	-	2,202,044	-
MSI (B.V.I.)	MSI (PACIFIC)	Parent Company	149,521	-	-	-	-	-

Table 4 Page 1

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES

Significant inter-company transactions during the reporting periods

For the three months ended March 31, 2026

Expressed in thousands of NTD

(Except as otherwise indicated)

Table 5

Number	Company name (Note 4)	Counterparty (Note 4)	Relationship	Transaction
				General ledger account	Amount (Note 1)	Transaction terms	Percentage of consolidated total operating revenues or total assets
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (KOREA)	Parent company to second-tier subsidiary	Sales	$ 1,457,405	Note 2	2.59%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (LA)	Parent company to subsidiary	Sales	8,444,654	Note 2	15.01%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MYSTAR	Parent company to second-tier subsidiary	Sales	462,092	Note 2	0.82%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (SHANGHAI)	Parent company to second-tier subsidiary	Sales	2,815,992	Note 2	5.01%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (KOREA)	Parent company to second-tier subsidiary	Accounts receivable	280,831	Note 2	0.24%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (LA)	Parent company to subsidiary	Accounts receivable	19,112,587	Note 2	16.05%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MYSTAR	Parent company to second-tier subsidiary	Accounts receivable	183,376	Note 2	0.15%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (SHANGHAI)	Parent company to second-tier subsidiary	Accounts receivable	3,071,638	Note 2	2.58%
0	MICRO-STAR INTERNATIONAL CO., LTD.	INDOMSI	Parent company to subsidiary	Accounts receivable	167,630	Note 2	0.14%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI COMPUTER (SHENZHEN)	Parent company to second-tier subsidiary	Accounts receivable	9,507,713	Note 3	7.98%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI ELECTRONICS (KUNSHAN)	Parent company to second-tier subsidiary	Accounts receivable	12,491,184	Note 3	10.49%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI COMPUTER (SHENZHEN)	Parent company to second-tier subsidiary	Purchase	21,155,017	Note 3	37.60%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI ELECTRONICS (KUNSHAN)	Parent company to second-tier subsidiary	Purchase	8,509,618	Note 3	15.13%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI COMPUTER (SHENZHEN)	Parent company to second-tier subsidiary	Accounts payable	16,461,432	Note 3	13.82%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI ELECTRONICS (KUNSHAN)	Parent company to second-tier subsidiary	Accounts payable	8,730,680	Note 3	7.33%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (EUROPE)	Parent company to second-tier subsidiary	Manufacturing and operating expense	219,477	Note 2	0.39%

Table 5 Page 1

Number	Company name (Note 4)	Counterparty (Note 4)	Relationship	Transaction
				General ledger account	Amount (Note 1)	Transaction terms	Percentage of consolidated total operating revenues or total assets
0	MICRO-STAR INTERNATIONAL CO., LTD.	MYSTAR	Parent company to second-tier subsidiary	Manufacturing and operating expense	$ 51,534	Note 2	0.09%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (MHK)	Parent company to second-tier subsidiary	Manufacturing and operating expense	64,799	Note 2	0.12%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (POLSKA)	Parent company to second-tier subsidiary	Manufacturing and operating expense	81,512	Note 2	0.14%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (LA)	Parent company to subsidiary	Manufacturing and operating expense	115,500	Note 2	0.21%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (JAPAN)	Parent company to subsidiary	Manufacturing and operating expense	62,458	Note 2	0.11%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (UK)	Parent company to second-tier subsidiary	Manufacturing and operating expense	51,829	Note 2	0.09%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (HOLDING)	Parent company to subsidiary	Manufacturing and operating expense	76,997	Note 2	0.14%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (SHANGHAI)	Parent company to second-tier subsidiary	Manufacturing and operating expense	63,438	Note 2	0.11%
0	MICRO-STAR INTERNATIONAL CO., LTD.	MSI (EUROPE)	Parent company to second-tier subsidiary	Other payables	92,939	Note 2	0.08%
1	MSI (PACIFIC)	MICRO ELECTRONICS	Subsidiary to second-tier subsidiary	Other payables	99,575	Note 3	0.08%
1	MSI (PACIFIC)	MSI (B.V.I.)	Subsidiary to second-tier subsidiary	Other payables	149,521	Note 3	0.13%
1	MSI (PACIFIC)	MICRO-STAR INTERNATIONAL CO., LTD.	Subsidiary to parent	Other receivables	249,096	Note 3	0.21%

Note 1: Balances after elimination in conformity with regulations.
Note 2: Transaction terms were approximately the same as those to third parties.
Note 3: Determined based on the quantities, contract amount and delivery time.
Note 4: Individual transactions not exceeding $50,000 and their corresponding transactions are not disclosed.

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES

Information on investees (not including investees in Mainland China)

For the three months ended March 31, 2026

Table 6
Expressed in thousands of NTD
(Except as otherwise indicated)

Investor	Investee	Location	Main business activities	Initial investment amount		Shares held as at March 31, 2026			Net profit (loss) of the investee for the three months ended March 31, 2026	Investment income (loss) recognised by the Company for the three months ended March 31, 2026	Footnote
				Balance as at March 31, 2026	Balance as at December 31, 2025	Number of shares	Ownership (%)	Book value
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (LA)	U.S.A	Sales and after-sales service of computers and electronic components	$ 1,253,253	$ 1,253,253	41,825,458	100.00	$ 319,809	$ 169,775	$ 169,775	Direct subsidiary (Note 3)
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (AUSTRALIA)	Australia	Sales support and after-sales service of computers and electronic components	57,420	57,420	221,836	100.00	26,264	1,642	1,642	Direct subsidiary
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (JAPAN)	Japan	Sales support and after-sales service of computers and electronic components	20,411	20,411	1,400	100.00	27,746	1,055	1,055	Direct subsidiary
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (PACIFIC)	Cayman Islands	Holding company	1,511,382	1,511,382	30,204,118	100.00	14,472,322	66,623	115,653	Direct subsidiary
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (HOLDING)	Netherlands	Holding company	45,724	45,724	424,000	100.00	1,001,250	9,291	9,291	Direct subsidiary
MICRO-STAR INTERNATIONAL CO., LTD.	MSI COMPUTER (CAYMAN)	Cayman Islands	Holding company	99,093	99,093	50,000	100.00	138,129	355	355	Direct subsidiary
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (CANADA)	Canada	Sales support and after-sales service of computers and electronic components	2,150	2,150	100,000	100.00	19,721	799	799	Direct subsidiary
MICRO-STAR INTERNATIONAL CO., LTD.	INDOMSI	India	Sales and after-sales service of computers and electronic components	65,214	65,214	16,737,013	100.00	( 62,707)	( 11,104)	( 11,104)	Direct subsidiary
MICRO-STAR INTERNATIONAL CO., LTD.	MSI (INDONESIA)	Indonesia	Sales support of computers and electronic components	31,009	31,009	164,835	99.90	32,311	387	387	Direct subsidiary
MSI (PACIFIC)	MSI (KOREA)	South Korea	Sales and after-sales service of computers and electronic components	24,374	24,374	80,000	100.00	524,928	36,654	-	Indirect subsidiary
MSI (PACIFIC)	MSI (B.V.I.)	British Virgin Island	Holding company	1,784,681	1,784,681	47,465,071	100.00	9,164,611	38,362	-	Indirect subsidiary

Investor	Investee	Location	Main business activities	Initial investment amount		Shares held as at March 31, 2026			Net profit (loss) of the investee for the three months ended March 31, 2026	Investment income (loss) recognised by the Company for the three months ended March 31, 2026	Footnote
				Balance as at March 31, 2026	Balance as at December 31, 2025	Number of shares	Ownership (%)	Book value
MSI (PACIFIC)	MICRO ELECTRONICS	British Virgin Island	Holding company	$ 1,168,593	$ 1,168,593	33,315,472	100.00	$ 5,646,435	$ 10,440	-	Indirect subsidiary
MSI (PACIFIC)	MSI (MHK)	Hong Kong	Sales support of computers and electronic components	-	-	1	100.00	52,897	1,326	-	Indirect subsidiary
MSI (PACIFIC)	INDOMSI	India	Sales and after-sales service of computers and electronic components	-	-	10	-	-	(11,104)	-	Indirect subsidiary
MSI (PACIFIC)	MSI (INDONESIA)	Indonesia	Sales support of computers and electronic components	31	31	165	0.10	32	387	-	Indirect subsidiary
MSI (PACIFIC)	RAIDEALS	U.S.A	Sales of computers and electronic components	1,523	1,523	-	100.00	3,187	62	-	Indirect subsidiary
MSI (HOLDING)	MYSTAR	Netherlands	Sales and sales support of computers and electronic components	71,353	71,353	-	100.00	203,883	5,904	-	Indirect subsidiary
MSI (HOLDING)	MSI (RUSSIA)	Russia	Sales support and after-sales service of computers and electronic components	68,258	68,258	-	99.00	40,765	1,632	-	Indirect subsidiary
MSI (HOLDING)	MSI (POLSKA)	Poland	Sales support and after-sales service of computers and electronic components	46,077	46,077	-	99.00	59,827	590	-	Indirect subsidiary
MSI (HOLDING)	MSI (SARL)	France	Sales support of computers and electronic components	26,646	26,646	-	100.00	60,957	2,087	-	Indirect subsidiary
MSI (HOLDING)	MSI (UK)	Britain	Sales support of computers and electronic components	37,226	37,226	-	100.00	49,501	4,613	-	Indirect subsidiary
MSI (HOLDING)	MSI (TURKEY)	Turkey	Sales support of computers and electronic components	3,229	3,229	-	99.00	(36)	-	-	Indirect subsidiary (Note 2)
MSI (HOLDING)	MSI (ITALY)	Italy	Sales support of computers and electronic components	2,153	2,153	-	100.00	17,401	509	-	Indirect subsidiary

Table 6 Page 2

Investor	Investee	Location	Main business activities	Initial investment amount		Shares held as at March 31, 2026			Net profit (loss) of the investee for the three months ended March 31, 2026	Investment income (loss) recognised by the Company for the three months ended March 31, 2026	Footnote
				Balance as at March 31, 2026	Balance as at December 31, 2025	Number of shares	Ownership (%)	Book value
MSI (HOLDING)	MSI (EUROPE)	Netherlands	Logistics services of computers and electronic components	$ 123,615	$ 123,615	-	100.00	$ 180,906	$ 3,531	$ -	Indirect subsidiary
MSI (HOLDING)	MSI (IBERIA)	Spain	Sales support of computers and electronic components	5,177	5,177	-	100.00	23,133	1,152	-	Indirect subsidiary
MSI (EUROPE)	MSI (RUSSIA)	Russia	Sales support and after-sales service of computers and electronic components	689	689	-	1.00	587	1,632	-	Indirect subsidiary
MSI (EUROPE)	MSI (POLSKA)	Poland	Sales support and after-sales service of computers and electronic components	467	467	-	1.00	188	590	-	Indirect subsidiary
MSI (EUROPE)	MSI (TURKEY)	Turkey	Sales support of computers and electronic components	33	33	-	1.00	28	-	-	Indirect subsidiary (Note 2)
MSI (EUROPE)	MSI (SEE TURKEY)	Turkey	Sales support of computers and electronic components	51	51	-	100.00	( 753)	766	-	Indirect subsidiary

Note 1: The table is presented in New Taiwan dollars. Except for the initial investment amount is valued at historical exchange rate, the others are valued with exchange rate 1USD=31.995NTD;1EUR=36.71NTD on March 31, 2026 and average rate with 1USD=31.6145NTD;1EUR=37.0389NTD for the three months ended March 31, 2026.
Note 2: As of March 31, 2026, the liquidation process has not been completed.
Note 3: The entity was audited by other independent auditors.

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES

Information on investments in Mainland China - Basic information

For the three months ended March 31, 2026

Table 7
Expressed in thousands of NTD
(Except as otherwise indicated)

Investee in Mainland China	Main business activities	Paid-in capital	Investment method	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2026	Amount remitted from Taiwan to Mainland China Amount remitted back to Taiwan for the three months ended March 31, 2026		Accumulated amount of remittance from Taiwan to Mainland China as of March 31, 2026	Net income of investee as of March 31, 2026	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the three months ended March 31, 2026 (Note 2)	Book value of investments in Mainland China as of March 31, 2026	Accumulated amount of investment income remitted back to Taiwan as of March 31, 2026	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
MSI COMPUTER (SHENZHEN)	Manufacture and after-sales service of computers, and electronic components	$ 1,726,857	Note 1	$ 1,726,857	$ -	$ -	$ 1,726,857	$ 38,362	100.00	$ 38,362	$ 8,995,509	$ -	-
MSI ELECTRONICS (KUNSHAN)	Manufacture and after-sales service of computers, and electronic components	1,772,675	Note 1	1,772,675	-	-	1,772,675	10,439	100.00	10,439	5,533,618	-	-
SHENZHEN MEGA INFORMATION	After-sales service of computers, and electronic components	23,940	Note 1	23,940	-	-	23,940	140	100.00	140	25,159	-	-
MSI (SHANGHAI)	Sales and after-sales service of computers and electronic components	29,275	Note 1	-	-	-	-	( 20,956)	100.00	( 20,956)	( 25,561)	-	Note 3
MSI TECH SOLUTIONS (KUNSHAN)	Manufacture of computers, and electronic components	8,334	Note 1	-	-	-	-	( 433)	100.00	( 433)	8,817	-	Note 4
Company name	Accumulated amount of remittance from Taiwan to Mainland China as of March 31, 2026	Investment amount approved by the
---	---	---	---
		Investment Commission of the Ministry of Economic Affairs (MOEA)	Ceiling on investments in Mainland China imposed by the Investment Commission of MOEA
MICRO-STAR INTERNATIONAL CO., LTD.	$ 3,602,547	$ 3,850,987	$ 32,948,520

Note 1: The investments were made indirectly through $100\%$ owned subsidiary of the Company.
Note 2: Evaluated based on financial statement not reviewed by other auditors of the investee companies.
Note 3: The amount of US $1,000 thousand was remitted by the Company's subsidiary, MSI (Pacific), to MSI (SHANGHAI).
Note 4: The amount of CNY $2,000 thousand was remitted by the Company's Second-tier Subsidiary, MSI ELECTRONICS (KUNSHAN), to MSI TECH SOLUTIONS (KUNSHAN).
Note 5: In pursuance of Shen-Zi Letter No.09704604680 from the Ministry of Economic Affairs dated August 29, 2008. The amended "Regulations for examination of investments and technical cooperation in Mainland Area" sets the limitation for investments in Mainland China to be higher of net book value or $60\%$ of consolidated net book value.
Note 6: The table is presented in New Taiwan dollars. Except for the initial investment amount is valued at historical exchange rate, the others are valued with exchange rate 1USD=31.995NTD on March 31, 2026; and average rate with 1USD=31.6145NTD for the three months ended March 31, 2026.

MICRO-STAR INTERNATIONAL CO., LTD. AND SUBSIDIARIES

Information on investments in Mainland China - Significant transactions conducted with investees in Mainland China directly or indirectly through other companies in third areas

For the three months ended March 31, 2026

Expressed in thousands of NTD

(Except as otherwise indicated)

Table 8

Investee in Mainland China	Sales/ (Purchase)		Property transaction		Accounts receivable/ (payable)		Amount of endorsements/guarantees secured with collaterals		Accommodation of funds				Others
	Amount	%	Amount	%	Balance as of March 31, 2026	%	Balance as of March 31, 2026	Purpose	Ceiling amount	Balance as of March 31, 2026	Interest rate range	Interest expense
MSI COMPUTER (SHENZHEN)	$ -	-	$ -	-	$ 9,507,713	16	$ -	-	$ -	$ -	-	$ -	$ -
MSI ELECTRONICS (KUNSHAN)	-	-	-	-	12,491,184	21	-	-	-	-	-	-	-
MSI COMPUTER (SHENZHEN)	( 21,155,017)	( 61)	-	-	( 16,461,432)	( 32)	-	-	-	-	-	-	-
MSI ELECTRONICS (KUNSHAN)	( 8,509,618)	( 25)	-	-	( 8,730,680)	( 17)	-	-	-	-	-	-	-
MSI (SHANGHAI)	2,815,992	5	-	-	3,071,638	5	-	-	-	-	-	-	-

Table 8 Page 1

AI assistant

MSI Interim / Quarterly Report 2026

52042_rns_2026-05-12_abc83f31-af41-4827-8fa9-be08d7abe0e5.pdf

INDEPENDENT AUDITORS' REVIEW REPORT TRANSLATED FROM CHINESE

Introduction

Scope of Review

Basis for Qualified Conclusion

Qualified Conclusion

Other matter – Review reports of other independent auditors

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

(1) Compliance statement

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

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

(9) Leasing arrangements—lessee

(10) Leasing arrangements – lessor

(20) Operating revenue

(25) Employee benefit expense

(26) Income tax

(28) Supplemental cash flow information

8. PLEDGED ASSETS

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS

10. SIGNIFICANT DISASTER LOSS

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

12. OTHERS

(1) Capital management

(2) Financial instruments

A. Financial instruments by category

B. Financial risk management policies

C. Significant financial risks and degrees of financial risks

(a) Market risk

Price risk

Cash flow and fair value interest rate risk

13. SUPPLEMENTARY DISCLOSURES

14. SEGMENT INFORMATION

AI assistant

MSI — Interim / Quarterly Report 2026

52042_rns_2026-05-12_abc83f31-af41-4827-8fa9-be08d7abe0e5.pdf

INDEPENDENT AUDITORS' REVIEW REPORT TRANSLATED FROM CHINESE

Introduction

Scope of Review

Basis for Qualified Conclusion

Qualified Conclusion

Other matter – Review reports of other independent auditors

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

(1) Compliance statement

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

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

(9) Leasing arrangements—lessee

(10) Leasing arrangements – lessor

(20) Operating revenue

(25) Employee benefit expense

(26) Income tax

(28) Supplemental cash flow information

8. PLEDGED ASSETS

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS

10. SIGNIFICANT DISASTER LOSS

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

12. OTHERS

(1) Capital management

(2) Financial instruments

A. Financial instruments by category

B. Financial risk management policies

C. Significant financial risks and degrees of financial risks

(a) Market risk

Price risk

Cash flow and fair value interest rate risk

13. SUPPLEMENTARY DISCLOSURES

14. SEGMENT INFORMATION

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MSI Interim / Quarterly Report 2026