PCM - AGM Information 2023 | FinancialReports.eu

POWERCOM CO., LTD.

Minutes of A 2023 Regular Shareholders’ Meeting

Time ： 9 ： 00 a.m. on June 26, 2023 (Monday)

Location ： 5F, No. 311, Sec. 2, Zhongshan Rd., Zhonghe Dist., New Taipei City (Yuhetian Banquet Hall)

Number of shares present ： The total number of shares represented by attending shareholders and shareholder proxies is 20,072,159 shares (including 178,868 shares exercising voting rights by electronically), accounting for 51.49 % of the total number of shares issued by the company, which is 38,975,634 shares.

Chairman ： Yang Shu-Yen

Attended Directors ： Ke-Fei Investment Co., Ltd., Jiu-Ye Investment Co., Ltd., Han Rong-Yu

Attended Independent Directors/Audit Committee Members ： Tsai Nien-Peng

Attendees ： Chu Wei-Ren(CPA), Lin Zhao-Min(CPA), Xu Kun-Huangg (Lawyer)

Recorder ： Feng Xue-Mei

The aggregate shareholding of the shareholders present in person or proxy constituted a quorum.

The Chairman called the meeting to order.

Chairman’s Address ： (Omitted)

Report Items `：`

Case 1 ： To report rectifications to the Company’s 2021 Business Report. For your review.

Descriptions ： For the rectified Business Report of the Company, please refer to Attachment 1 .

Case 2 ： To report Audit Committee reviews on rectifications to the Company’s 2021 final accounts. For your review.

Descriptions ： For the Review Report rectified by the Audit Committee, please refer to Attachment 2 .

Case 3 ： To report the Company’s 2022 Business Report. For your review. Descriptions ： For the Business Report of the Company, please refer to Attachment 3.

Case 4 ： To report Audit Committee reviews on the Company’s 2022 final accounts. For your review.

Descriptions ： For the Review Report by the Audit Committee, please refer to Attachment 4.

Case 5 ： To report the Implementation Status of Improvements on Funds Loan by the Company and its Subsidiaries. For your review. Descriptions ： In accordance with per Order No.

Financial-Supervisory-Securities-Auditing-1040017407 and per Order No. Financial-Supervisory-Securities-Auditing-10600340561,the Implementation Status of Improvements on Funds Loan by the Company and its Subsidiaries is announced. Please refer to Attachment 5 .

Case 6 ： To report the Company’s Improvement on Endorsement and Guarantee. For your review.

Descriptions ： In accordance with per Order No.

Financial-Supervisory-Securities-Auditing-1060031070, the Company’s Improvement on Endorsement and Guarantee is announced. Please refer to Attachment 6 .

Case 7 ： To report the Handling Status of 2022 Capital Reduction as Part of Sound Business Plan and Implementation Results. For your review. Descriptions ：

For the sound financial structure and future development of the Company, the Company’s proposal of capital reduction for Deficit Compensation has been adopted through resolution by the Company’s Regular Shareholders’ Meeting on June 27, 2022 and was further filed to and approved by the Taiwan Stock Exchange Corporation. The operations concerning the capital reduction was completed.
For the Handling Status of 2022 Capital Reduction as Part of Sound Business Plan and Implementation Results, please refer to Attachment 7 .

Ratifications `：`

Case 1 ： Rectifications to the Company’s 2021 Business Report and Consolidated and Parent-only Financial Statements. For your ratification. (Proposed by the Board)

Descriptions `：`

A rectification to the Company’s 2021 Consolidated and Parent-only Financial Statements is made due to erroneous recognition of other comprehensive gain or loss under the disposal of securities as generic gains or losses. The rectified Consolidated and Parent-only Financial Statements have been audited and attested by CPAs Chu Wei-Ren and Tsai Wei-Zhong of Candor Taiwan CPAs.
Additional rectification was made to the Company’s 2021 Business Report following the rectification to the said Financial Statements.
For the above-mentioned Business Report, Independent Auditor’s Report

and Financial Statements, please refer to Attachments 1 , 8 and 9.

Resolution: The voting results of the attending shareholders and the proposal is approved as presented.

The total votes of the attending shares at the time of the vote were 20,072,159 votes.

VotingResults	Total votes %
Approval votes`：`20,008,452 (include E-votingexercise 156,361)	99.68%
Disapproval votes`：`9,805 (include E-votingexercise 9,805)	0.04%
Invalid votes`：`0 (include E-votingexercise 0)	0.00%
Abstention votes/ no votes`：`53,902 (include E-votingexercise 12,702)	0.26%

Case 2 ： Rectifications to the Company’s Deficit Compensation in 2021. For your ratification. (Proposed by the Board)

Descriptions `：`

A rectification was made to the Deficit Compensation Statement in 2021 due to rectifications to the Company’s 2021 Financial Statements. The said rectification was adopted by the Board of Directors.
For Deficit Compensation Statement in 2021, please refer to Attachment 10.

Resolution: The voting results of the attending shareholders and the proposal is approved as presented.

The total votes of the attending shares at the time of the vote were 20,072,159 votes.

VotingResults	Total votes %
Approval votes`：`19,995,427 (include E-votingexercise 143,336)	99.61%
Disapproval votes`：`23,430 (include E-votingexercise 23,430)	0.11%
Invalid votes`：`0 (include E-votingexercise 0)	0.00%
Abstention votes/ no votes`：`53,302 (include E-votingexercise 12,102)	0.26%

Case 3 ： The Company’s 2022 Business Report and Financial Statements. For your ratification. (Proposed by the Board)

Descriptions `：`

The Company’s 2022 Business Report and Consolidated and Parent-only Financial Statements have been adopted through resolution by the Board of Directors, among which the Consolidated and Parent-only Financial Statements have been audited and attested by CPAs Chu Wei-Ren and Tsai Wei-Zhong of Candor Taiwan CPAs.
For Business Report, Independent Auditor’s Report and Financial Statements, please refer to Attachments 3, 8 and 9.

Resolution: The voting results of the attending shareholders and the proposal is approved as presented.

The total votes of the attending shares at the time of the vote were 20,072,159 votes.

VotingResults	Total votes %
Approval votes`：`20,009,047 (include E-votingexercis 156,956)	99.68%
Disapproval votes`：`9,808 (include E-votingexercis 9,808)	0.04%
Invalid votes`：`0 (include E-votingexercis 0)	0.00%
Abstention votes/ no votes`：`53,304 (include E-votingexercis 12,104)	0.26%

Case 4 ： The Company’s Deficit Compensation in 2022. For your ratification. (Proposed by the Board)

Descriptions `：`

The Company recorded a Net Income at NT$ 103,556,313, Transfer of Unrealized Gain or Loss from Disposal of Financial Assets to Retained Earnings at NT$ 58,451,404 and Other Comprehensive Income at NT$ 4,918,213. After inclusion of the Beginning Cumulative Loss at NT$ 1,844,594,191 and Deficit Compensation through Capital Reduction at NT$ 1,559,025,320, the Accumulated Deficit for the Period was NT$ 118,642,941.
For Deficit Compensation Statement in 2022, please refer to Attachment 11.

Resolution: The voting results of the attending shareholders and the proposal is approved as presented.

The total votes of the attending shares at the time of the vote were 20,072,159 votes.

VotingResults	Total votes %
Approval votes`：`19,995,424 (include E-votingexercis 143,333)	99.61%

Disapproval votes ： 23,430 0.11% (include E-voting exercis 23,430) Invalid votes ： 0 0.00% (include E-voting exercis 0) Abstention votes/ no votes ： 53,305 0.26% (include E-voting exercis 12,105)

Election Items `：`

Case 1: Re-election of all Directors (incl. Independent Directors) of the Company. For your election. (Proposed by the Board)

Descriptions:

The term of office for existing directors will expire on June 22, 2023. A re-election of all directors shall, in accordance with the Company’s Articles of Incorporation, be made in this Regular Shareholders’ Meeting.
7 directors (incl. 4 independent directors) will be elected in this re-election. The new directors shall assume office immediately after being elected for the term of 3 years from June 26, 2023 to June 25, 2026.
The directors shall be elected by the shareholders at the shareholders ’ meeting from among the list of candidates officially suggested through the nomination system. The list of candidates has been adopted following review by the Board of Directors on March 15, 2023. For education, principal working experiences and relevant information of the candidates, please refer to Attachment 12 .
For your election.

Voting Results `：`

Voting	Results`：`
Item	Title	Name in English	Votes Received
1	Director	Ke-Fei Investment Co.,Ltd.	26,783,884
2	Director	Han Rong-Yu	23,769,867
3	Director	Jiu-Ye Investment Co.,Ltd.	20,982,144
4	Independent Director	Tsai Nien-Peng	18,453,376
5	Independent Director	ChangGuo-Rong	17,559,186
6	Independent Director	ChengYung-Jie	16,528,516
7	Independent Director	WangLi-Cheng	15,633,868

Other Items `：`

Case 1: Release of Prohibitions on New Directors and their Representatives from Participation in Competitive Business. For your discussion. (Proposed by the Board)

Descriptions:

To assist the Company to develop its business in a smooth manner and to

draw support from the directors of the Company with their expertise and relevant experiences, this Case is proposed for implementation in accordance with provisions under Article 209 of the Company Act “ director who does anything for himself or on behalf of another person that is within the scope of the company's business, shall explain to the meeting of shareholders the essential contents of such an act and secure its approval. ”

A proposal to release prohibitions on newly elected directors and their representatives from participation in competitive businesses is therefore proposed to this Shareholders’ Meeting. For details of such release, please refer to Attachment 13 .

Resolution: The voting results of the attending shareholders and the proposal is approved as presented.

The total votes of the attending shares at the time of the vote were 20,072,159 votes.

VotingResults	Total votes %
Approval votes`：`19,997,747 (include E-votingexercis 145,656)	99.62%
Disapproval votes`：`17,653 (include E-votingexercis 17,653)	0.08%
Invalid votes`：`0 (include E-votingexercis 0)	0.00%
Abstention votes/ no votes`：`56,759 (include E-votingexercis 15,559)	0.28%

Extempore Motions `：` None.

Adjournment ： 9:34 am.

There are no questions from shareholders at this shareholders’ meeting.

丨 c-\ttachment

Business Report (after Rectification)

2021 Business Report

In 2021, the Company recorded a Consolidated Net Operating Re, enue at NT$ 998,2-iO 丶 Loss
thousand, \ ith the items after rectification including Consolidated Pre-ta from Continuing Operations at NT$ 2,775 thousand and Consolidated Loss after Ta 丶 atNT$3,107 thousand
A.s of December 3 L 202 L the Company's accumulated deficit is NT$ 3,163,521,967, which is more than half of the Company's paid-in capital of NT$ 1,9-iS,781,660 Summary of the Company's business is rep011ed as follo,,s
(I) Implementation Results of the Business Plans

plementation Results of the Business Plans
Ttcm 202丨 (:tkr 2020 rcctifc:tion) Opcr:t1nl Re, cnuc llX.2-O ]_(]l)_l7] Opcr:ting Cost 8]1_C)]2 8]].l_] Opcr3ting lbrgin I 66.]08 207.]20 Opcr3ting E、pcnsc 22l.70- 2.].2.8 Opcr3t1110 Loss (h].]%) (2._l I 8) Net Non-opcr3t111g 60.621 (] 8_l]7) Tncorc	C'm� 代l .mount (-LO] I) (]l)) (-1.012) (..).-) (]7.-78) 79.::8	l lnit N丨丶tlhlll、,Ie]、 Tncn.Jsc (Dccrc:sc) Pcrccnt�gc (.il))) (I l) 78) (I -2) (1- 60) -20.12
(E、pcnd1turc) Pn.-tJ、Tncorc (2.775) (- ,855) (Loss) Loss Jfo.r TJ、 (].107) (-6,61-)	-2JJ80 -3.:07	(3 81 e•n-·-" -

Descriptions on increase/decrease percentages in the most recent two years
I, Operating Revenue. Operating Cost and Operating Margin shO\ved decreased compared ,vith those in the pre\·ious period due to increase in purchase costs resulting from glo?al COVID-19 pandemic as ,veil as failure of labor and manufacturing costs in reachtng economic scale
丶 Increase in non-operating income ,vas mainly due to collection of interests accrued from
overdue payments of Italian pO\ver plant
(2) Status of Budget Implementation

Not applicable as the Company did not disclose its budget for the year 2021

(3) Financial Income and E 、 pendi tu re

			Uml. NI$ Lhousands
Item	2021 (after rectifcation)	2020	Chage in Amount
Cash provided by (used in) Ooerating Activities	(33,004)	(9,581)	(23,423)
Cash provided by (used in) Investment Activities	19,277	(9,411)	28,688
Cash provided by (used in) Financing Activities	(4,399)	(21,724)	17,325

(4) Profitability Analysis

ftability Analysis
	202丨
Tt-11 Retur on Assets (0o) Retur on Equit丶(oo) Income before TJ丶to PJ1d-11 CJp1tJI (oo)	(�tkr rcctifc�tion) ( -丨 (. 68) (() 1-)	.0.0 (.()l)) (]8).) (. ]())
Prft lbrgin (0 o) EPS (NT$) afer Rctracti, c .d1ust11cnts	(0 -'I) (0 0 I)	(- - )) (0.2.�)

(5) R&D Status

,-\ UPS Series

I. SPR-500/700A H\'!EC Rear Panel De\ elopment
,.., TC-I I 00/2000 PF[= ] 1.0 L \'DC-i8\'De 溴 ign and De\ elopment

3. TC-I I 00/2500/3000 PF[= ] 1.0 H\'DC-i8\'De 溴 ign and De\elopment

4. Project of SXL-2000A Conjunction Use ,, ith Laser Printe1

*5. A TS l\lodification to Dual-port S,, itch l\lode in accordance \ith the la,*

6. SPD 550/750 LCD l\lodels

7. l\1edical-Ca11 Compatible l\lodel BNT-400

8. ALN 500/600/700 l\lodel De\ elopment

9. ONL-33 ll-deri\ ed l\lodel Development

I 0. Lithium-Iron Batte八in Combination \ith Energy Storage System and Solar Power Generation

11. l\lRT 1.5K L \'PF 1.0 New l\lodel Development

12. l\lRT lK L \'UL Application

13. MAC IOK Extended Use Model De\elopment

目MAC 6K HV PF 1.0 New Model Development

15. MAC I OK H\'PF 1.0 New Model Development

16. l\lRT 2K/3K HV-derived Model Development

17. MAC I K/1.5K/2K/3K HV -derived Model Development

18. l\lRT 2K/3K L \'-derived Model Development

19. MAC 1K/l.5K/2K/3KLV-derived Model Development

20. SNMP Communication Card Customization and Update

21. UPSMONPRO V2.54

22. UPSMON Manager VI .3

23. Corporate Website Makeover and Maintenance

B. PV INVERTER

1. SLK Gen-2 Model 4KW Model Development and Safety Accreditation Application

C. PV POWER PLANT

1. Planning, Design and Maintenance of Taiwanese Solar Power Plants

1 l\lodifications to Communication and l\lonitoring Systems of Tai\,anese Solar Pm,et Plants in accordance ,, ith the Im,
3, Establishment of Ne,\ Po,\er Plants as \ell as l\laintenance and l\lonitoring o,er Old Pm, er Pl ants

4. l\1odularization and l\lakeo,er of Solar Po\,er Plant Website(s)

2. Summary of 2022 Business Plans

(I) l\lanagement Guideline
I. Tn response to the dm\nstream market demand and the retention of UPS product sales. the Company \ill continue to de\ elop market-competiti, e products
1 Ac hie, ing the integration srnet州\hich :::,_ may significantly reduce costs. realize sharing of resources and enhance product competiti\ eness by seeking for potential strategic p[artners for a larger scope of Com] p[an] y[business and integrating existing resources ] through cross-industry alliances
(2)丘pected Sales and Their Foundations
I. With the Company 's brand m,areness and reputation built in decades of operations along \ith the professional management experience of the team and the network in the industrial chain. \e \ill continue to de,elop in the industry and strengthen the depth and扣eadth of our main businesses. In addition to securing the original customers. we ,,ill also acti, ely gain ne,\ orders and pa11ners Organization-wise. a project system is established to formulate different strategies for different customers by match1 g the indi\idual needs \ith a \ie,\ to \in early business development唧ortu11 t1es. mearn\hile optimizing and deepening the cooperation. In terms of product design. ,ve stri, e to standardize and reduce the , ariety of parts for reduced costs and shortened deli, ery times
1 Tn addition. it is necessary for the Company and 叩 ppliers to form a strategic p[artnershi] p[to manufacture ] p[roducts ,vith greater com] p[etitiveness. Cou] p[led with ] accurate delivery. high product quality and excellent senice. the customers will have confidence in the Company, thereby allowing us to build own competitiveness and establish long-term partnership ,vith customers for further sustainable management
(3) Tmp011ant Production and Sales Policies

1. Utilizing subcontracting. self-initiated p[rocurements as well as advantages ] 111 p[roduction management to enhance ] p[rice com] p[etitiveness and margin of ] p[roducts]

1 Reducing sales of low-margin products and adopting most effective utilization of Company resources to maximize Company profit. Reduce the sales of low-margin p[roducts and make the most efl] 、 ective use of company resources to create the company's maximum benefits

Chairman: Ke-Fei Investment Co., Ltd. Manager: Yang Shu-Yen Accounting Manager: Feng Xue-Mei

:X.ttachment 2

Audit Committee Review Report

March 15, 2023

The Board of Directors has c0111piled and sub111itted the Con1pany·s rectified 2021 Business Report financial state111ents in 2021 and proposal for Deficit Co111pensation. a111ong which the rectified financial state111ents have been audited and attested by Candor Taiwan CPAs. The aforesaid business report after rectification. financial state111ents and proposal for Deficit Con1pensation have been reviewed and detennined to be correct and accurate by the Audit Co11 11ittee. In accordance with provisions under the Securities and E、change Act and the C0111pany Act I hereby sub111it this report. For your review.

POWERCOM CO., LTD. Convener of the Audit Con1n1ittee Tsai Nien-Peng

:X.ttachment 3

Business Report

I. 2022 Business Report

(I) Implementation Results of the Business Plans
I. Tn 2022, the Company recorded an Operating Re\ enue at NT$ 1,2曰 -ioo thousand increased扒NT$ 265,160 thousand, 26 彎。， compared \ ith that in 2021 at NT$ 998,2-iO thousand
1 The Company's Net Income in 2022 \as NT$ 99,222 thousand, increased 扒NT$ I 02)29 thousand, 3,293 50°o, compared \ ith the 2021 Loss after Ta 丶 at NT$ 3,107 thousand
(2) Status of Budget Implementation No Status of Budget Implementation is a\ ailable as the Company did not prepare its financial forecasts for the year 2022
(3) Implementation Results of the Business Plans
I. Financial Income and E 、 penditure

Financial Income and E、penditur	e
Ttcr 2022	2021	Cl 1:n之nc 11 �mount	［丨nit NI、th(ll、and、 TncrcJsc (Dccrccsc)
Operating Re, enue l .26].00 Operating Cost l70.02- Opcr:ting lbrgin 2C:U76 Opcr:t1l E、PGlSG .-7.:60 Opcratmg Income -._816 (Loss) Nd Non-opcr:ting 5工772 Tncorc	CC8.2-O 8]丨-q_2 166_308 2l)_7(- (63.3%) 60,621	26)_ 160 138JJC2 I 27JJ68 17-8'56 I(l.l I l (7.8- )	Pc rec n t�gc 26.)6 16.60 76.41 7.77 172 . .6 (12 (_)
(E、pcnditurc)
Prc-tJ、Income 98.)88 (Loss) Net Tncorc (Loss) lC--)-、'	(2.77)) (]_ I 07)	101 . .6. I 02.32(	3.6)2 7 3.293 :'O
Proftabilitv Analvsis
11r Retur on Assets( 0o) Retur on Equit丶(o) Income befre Ta丶to Paid-in CJp1tJI(0 o) Prft 1brgrn (%) EPS (NT$) afr Retractive Adjustents		2022 8 -: -, 丶-丶-'-, 丶'丶- 25.29 7.85 0.64	2021 0.-1 (2 68) (0 14) (0.31) (0.01)

1 Profitabilitv Analvsis

(4) R&D Status

The Company adopts UPS as the principal product, and is committed to optimizing UPS and PV INVERTER products to increase the Company's revenue and profitability. The company's R&D expenses in 2022 were NT$ 46,641 thousand.

2. Summary of 2023 Business Plans

(1) Management Guideline

1. To meet the ever-changing demands of the downstream market and maintain the sales of UPS products, the Company will continue to develop market-competitive power products

  - **e.g. surge protector ,,ith USB charging p011s. automatic \ oltage regulators \\ ith thinne1 dimension and aesthetics. lead-acid batteries in more specifications. etc**

1 The Company ,,ill continue to source !arge-scale distributors or distributors in \ arious
countries around the \orld as strategic partners. and e\:pand the business scope to do,vnstream customers in the same industt'y'to integrate Company R&D resources and mass-produce customized products. On top of丨m,ered communication costs. such measures may also increase prices and enhance the competiti\ eness of the Company's p[roducts in the唧ro] p[riate countries ]
; In response to the ESG and sustainable de\elopment. the Company \ill continue to focus and strengthen its efforts of Em ironment. Social and Gm ernance \ hile dri,ing the operations to\vard a \ irtuous cycle
(2) E 、 pected Sales and Their Foundations
- With the Company 's brand m,areness and reputation built in 35+ wars of operations along \vith the professional management e\:perience of the team and. the network in the industrial chain. \e ,,ill continue to de,elop in the industry and strengthen the depth and breadth of our main businesses. In addition to securing the original customers. \e will also acti, ely gain ne,, orders and partners. Within the Company's depa11ments. a project system is estab Ii shed to formulate different strategies fo」different customers by matching the indi\ idual needs ,,ith a \ ie,, to \in early business de\ elopment oppOI1unities. mea1mhile optimizing and deepening the cooperation
1 The Company and its upstream suppliers have formed benign strategic pa11nerships enabling manufacturing of products \ith greater competiti\·eness. l\leanwhile. the Company stri\ es for standa1山zation in product design to reduce parts ,ariety. \vhich facilitates cost reduction and sho11ened delivery and fw1hermore guarantees accurate deli, et'y'. high product quality and e 、 cellent service to customers. thereby allowing us to petiti\ eness and establish long-term pai1nership ,,ith customers for further
build_ 0\11 com susta111able management based on their confidence in us
(3) Important Production and Sales Policies
I. Utilizing subcontracting. self-initiated procurements as ,,ell as advantages in production management to enhance price competiti\ eness and margin of products
1 Reducing sales of low-margin products and adopting most effective utilization of Company resources to ma\:imize Company profit

Chairman: Ke-Fei Investment Co .. Ltd l\lanager Yang Shu-Yen Accounting Manager: Feng Xue-Mei

:X.ttachment -1-

Audit Committee Re、'iew Report

March 15, 2023

The Board of Directors has con1piled and subn1itted the Con1pany's 2022 Business Report financial staten1ents in 2022 and proposal for Deficit Con1pensation, an1ong which the financial staten1ents have been audited and attested by Candor Taiwan CPAs, with audit report issued. The aforesaid business report financial state111ents and proposal for Deficit Con1pensation have been reviewed and detennined to be correct and accurate by the Audit Con1n1ittee. In accordance with provisions under the Securities and E、change Act and the Con1pany Act I hereby subn1it this report. For your revievv

POWERCOM CO., LTD.

Convener of the Audit Con1n1ittee Tsai Nien-Peng

A.ttachment 5

Implementation Status of Improvements on Funds Loan by the Company and its Subsidiaries

Pursuant to per 271\la[y ] 2015 Order No.

Financial-Supervisory-Securities-Auditing-10-t0017-t07 and per 28 September 2017 Order No. Financial-Supervisory-Securities-Auditing-I 06003-t056 l by the Financial Supervisory Commission, the Company has announced the Implementation Status of Improvements on Funds Loan quarterl[y ] as follows:

(I) The Company's loans hme e 、 ceeded the limits in aggregate due to consecuti\e years of losses and significant reduction in the Company's net \alue
([2] ) The Company is stri\ in[g ] for imprO\ ement on its operating status through increa 沁 in overall profitability and net \ alue by means of di\ ersified operations and business de\'elopment in markets
([3] ) \Vith respect to loan of funds to the subsidiary POWERCOIVI YURAKU PIE口D. the Company has appointed an attorney at la\ to handle the relevant litigation in pro[g] ress, among \ hich the proposal for capital increase of POWERCOl\l YURAKU S.A口D \vas decided by the court on September 20. 2021 as im alid
Sunpmver and YJ has sou[g] ht to re\ oke the abo\ esaid jud[g] ment on February 24.2022
([4] ) With respect to the Company's loan of funds to POWERCOl\l YURAKU S.A口D, relevant handling is in progress along \ith the litigation mentioned in the preceding item ([3] )
([5] ) Summar\'of Funds Loans:

			Unit NT$	thousands
Compam	Borro\ver	2022112/31 Loan Balance	l1aximum ,mount permitted to a Single	E'ceeds the Limit
			BorrO\ver
	OPTI
	INTERNATIONAL	I 06,099	43J)45	V
	CORPORATION
	ZHONGSHAN
Parent	GUAN HONG ELECTRONIC CO , LTD	58A07	43J)45	V
	PO\VERCOll
	INTERNATIONAL	59-481	43,045	\|
	CO, LTD
	POWERCOM YUAU S.A. LTD	15,139 (EU429)	43,045
Subsidiary (Ke-Guo)	POWERCOM YUAKU PTE LTD	340,241 (USD 11,079)		V

i\ttachment 6

Report on Improvement on Endorsement and Guarantee In accordance with per 11 August 2017 Order No.

Financial-Supervisory-Securities-Auditing-1060031070, the Company is mandated to report on its improvement on endorsement and guarantee[q] uarterly as the Company's balance of endorsement and guarantee for its subsidairy KER FONG INTERNATIONAL CO., LTD. has exceeded the limit:

(I) The Company 's balance of endorsement and guarantee for its subsidairy KER FONG INTERNATIONAL CO., LTD. has e.-..;ceeded the limit due to consecuti\ e years of losses and significant reduction in the Company's net \ alue
(2) For compliance ,,ith the operational procedure for endorsement and guarantee, the Compam is striving for imprm ement on its operating status through increase in overall profitab山t[)] and net value[扒] means of di\ ersified operations and business de\ elopment in markets
(3) Summa八of the endorsement(s) and guarantee(s) by the parent for others as of December 31, 2022 is as follo\S

mma八of the end 22 is as follo\S	orsement(s) and guaran	tee(s) by the par	ent fr others as o	f December 31,
			Unit	NT$ thousands
			Maximum
Party making Endorsement(s)/ Guarantee(s) to Others	Counterpa11y of Endorsement(s)/ Guarantee(s)	Balance of Endorsement / Guarantee	Endorsement/ Guarantee ,mount permitted to a Single	Exceeds the Limit
			Counterpart\
	POWERCOlVI
The Compan:	INTERNATIONAL	36,614	129,135	No
	CO,LTD

:X.ttachment 7

1 CO., LTD. PO\VERCOl[1]

Handling Status of:2022 Capital Reduction as Pait of Sound Business Plan and Implementation Results

The Company has resoh ed the proposal for Deficit Compensation through Capital Reduction in its Regular Shareholders·l\leeting on June 27. 2022. \hich \as subsequentl y filed to the Tai\an Stock Exchange Corporation and唧rO\ed by its 11 October 2022 Order TWSE-Listing-1-No I I 11805057. In accordance \ith the said Order. the Company is required to report the implementation Status of Sound Business Plan to the Board of Directors for control quarterl:, befr,re submitted to the Shareholders·l\leeting for rep011ing

I. Comparison on the Gain or Loss in the Years before and after Capital Reduction

			Unit NT$ thousands	Unit NT$ thousands
Accounts	2022	2021	cmount Increased
			(Decreased)
Net Operating Re\ enue	1,263AOO	998240		265,160
Operating lla団n	293,376	166,308		I 27J)68
Operating丘pense	247,560	229,704		17,856
Operatin旦Income (Loss) . t\816		(63,396)		109,212
Pre-ta丶Income (Loss)	98,588	(2,775)		101,363
" The implementation	status of Capital Reduction as Part of		Sound Business Plan in Q3 an
2022 is summarized	in the follm,ing table
			Unit NT$ thousands
Accounts	Estimates Q3 Actual and Q4 2022 Q3 and	Amounts Q4 2022	Difrence	Comersion Rate
Net Operating Revenue	600,739	752,022	15 L283	125 I 8°/o
Operatin旦Mat旦in	138,170	176Al7	38,247	127 68°/o
Operating丘pense	126,654	124,291	(2,363)	98 13°/o
Operating Income	I L516	52,126	40,610	352 64%
Pre-tax Income	I L385	38,120	26,735	334 83%

" The implementation status of Capital Reduction as Part of Sound Business Plan in Q3 and Q4 2022 is summarized in the follm,ing table

:X.ttachment 8

INDEPENDENT AllDJTORS'REPORT

The Board of Di rectors and Share ho I ders

POWERCOM Company Limited

Opinion

We have audited the accompanying consolidated financial statements of Powercom Company Limited and its subsidiaries (the "Company "). which comprise the CONSO口DATED BALANCE SHEETS as of December 31. 2022 and 2021. and the consolidated statements of comprehensi\e income. changes in equity and cash flO\S for the years then ended. and notes to the consolidated financial statements. includin g a summary of significant accounting policies

In our opinion based on our audit and other auditors·report (please refer to Other Matter section). the accompanying consolidated financial statements present fairly, in all material respects. the consolidated financial position of the Company as of December 31. 2022 and 2021. and its consolidated financial performance and consolidated statements cash flows for the years then ended in accordance \ith Regulations GLwerning the Preparation of Financial Reports叭 Securities Issuers and International Financial Reporting Standards (IFRS). International Accounting Standards (IAS). and Interpretations developed by the Financial Su pen i sory Commission

Basis for Opinion

We conducted our audits in accordance with the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and g[enerall] y[accepted auditing standards, Our responsibilities under those standards ] are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Company in accordance \vith The Norm of Professional Ethics for Certified Public Accountant and we have fulfilled our other ethical responsibilities in accordance \vith these requirements, \Ve believe that the audit evidence we have ob ta i n e d i s s u ffi c i en t an d a ppr op r i ate to prov i de a bas i s for our op i n i on

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most si gnificance in our audit of the Company 's consolidated financial statements for the year ended December 31, 2022. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter for the Company ' s consolidated frnancial statements for the year ended December 31, 2022 is stated as follows:

Allowance to Reduce Tn\ entory to l\farket

Uninterruptible pO\er supply systems and photo\oltaic modules manufactured and sold by the Company. are in\entories that are susceptible to p[rice ] fluctuations in markets. posing higher risks of imentory falling price loss 01 obsolescence. For the in\entories aged beyond specified p[eriod and the ] inventories specific identified at risk of obsolescence. the Company has account I o s s for ob s o l et e a n d s l o \, -m o \ i n g i n \ e n t o r i e s . T h e C o m p a n y ·s i n \ e n t o r i e s a n d allowance to reduce in\entory to market could ha\e a significant impact on the financial statements. and consequently identified as a key audit matter. \Ve tested ho\v the management make accounting estimates and the data on \hich they are based, our audit procedures included the follO\ing. amon g others

I. Ensured consistent application of accounting policies in relation to allo\'vance to reduce in\entory to market in the reportin g p[eriod and assessed the] reasonableness of these policies

2. Validated the appropriateness of system logic of in\entory agin g report utilized趴management \ith the specific identification method. to ensure obsolete in\entories aged beyond specified period listed in the report

3. Discussed the net realizable \alue of specific identified obsolete inventories with management. tested the supporting documents

4. Evaluated information obtained from physical inventory. and agreed to inventory aging report prepared叭management

5. Validated respecti\e destocking of inventory p[art number. ] compared allo\',ance to reduce in\entory to market of each part number \ith previous period. to e\ aluate the reasonableness of the Company 's decision on allO\vance to reduce itl\'entory to market

Evaluation of A HO)riateness End Date of Sales Revenue Reco画tion

Manufacturin g and selling UPS is the main line of business of the cooperation of Powercom. The e 、 portation is mainly commissioning China subsi中ary to manufacture and directly ship and sell to clients. and these operatin g revenue accounts for 44 .4 7% of the con sol i dated revenue. Sal es revenue recognition could have a significant impact on the financial statements. and consequently identified as a key audit matter. Please refer to notes of the financial statement for the accounting policies on sales revenue recognition and disclosure. our audit procedures included the following. among others

1. Understood and conducted the criteria used to determine when to recognize sales revenue and test of controls in audit procedures related internal controls.

2. Evaluated validity of revenue-related internal controls by sampling order details of main clients and checking shipping certificates of orders.

3. Ascertained whether sales revenue have been appropriately recognized by sampling subsidiary sales revenue ledger and checking shipping certificates

4. Ascertained whether there have been any material sales returns or allowances in the subsequent period.

Other �latter: !\laking Reference to the Audit of a Component Auditor

We did not audit the financial statements of certain subsidiaries and il1\estments related to Opti International Corporation accounted for under the e quity method which ,vere audited by other auditors, Therefore. our opinion e\:pressed herein i n so fa r a s i t re I a t e s t o th e a 111 o u n t s i n c I u d e d i n t h e fi n a n c i a I st a t e 111 e n t s o�- 0 p t i International Corporation and the infor111ation disclosed in Note 13 relatt\e to these subsidiaries and il1\est111ents. is based solely on the audit reports of othe1 auditors, Total assets of Opti International Corporation a111ounted to NT$97,808 thousands and NT$70.375 thousands. repre 心 nting 6,80°0 and 5 99°0 of the related consolidated totals as of Dece111ber 31. 2022 and 2021. respectively. and total liabilities a111ounted to NT$--t9.683 thousands and NT$32.133 thousands. representing --t77°o and 2,99°0 of the related consolidated totals then, Totals of co111prehensi\e inco111e as of Dece111ber 31. 2022 and 2021. respectivel:i a111ounted to NT$9.982 thousands and NT$15.()8 I thousands. representing 3,3 勺。 and 51,38°0 of the related consolidated totals

B es i des. \ v e di d n o t au di t th e fi n a n c i a I state 111 en ts of i ,west 111 en ts to Tech w i i n Technology Incorporation accounted for using e qui扒 111ethod. which \Vere audited by other auditors appointed by Tecln\ ii n Technology In corpora ti on Therefore. share of inco111e (loss) of associates \ere recognized based on the audit reports of other auditors, Shares of inco111e (loss) of associates a111ounted to NT$0 thousands and NT$(25) thousands as of Dece111ber 31. 2022�nd 2021. respectively. and the related balances of imest111ents accounted for using e quity 111ethod then a111ounted to NT$0 thousands and NT$0 thousands

Other�ratter: Individual Financial Statements

\Ve have also audited the indi\idual financial statements of Powercom Company Li111ited as of and for the years ended December 31. 2022 and 2021 on which we have issued an un111odified opinion

Res ponsi bil ities of�Ianagem en t and Those Charged with Governance for the Consolidated Financial Statements

l\1anage111ent is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers r such internal control as management deter111ines is necessarv to enable the preparation of consolidated financial statements that are free fr�m material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applica�le, matters related to going concern and using the going concern basis of accountrng unless management either intends to li quidate the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance (including members of the Audit Committee) are responsible for overseeing the Company's financial reporting process

Auditor's Responsibilities for the Audit of the Consolidated Financial Statements

Our object1\es are to obtain reasonable assurance about ,,hether the consolidated financial statements as a ,,hole are凸ee from material misstatement. ,,hether due to fraud or error. and to issue an auditors' report that includes our opinion Reasonable assurance is a high丨e\el of assurance. but is not a guarantee that an audit conducted in accordance ,,ith the Standards on Auditing ,,ill alwa ys detect a material misstatement ,,hen it e寸sts, l\lisstatements can a」ise from fraud 01 error and are considered mate」ial if. indi\idually or in the aggregate. they could reasonably be e 、 pected to influence the economic decisions of users taken on the basis of tl1ese consolidated financial statements

As part of an audit in accordance \ith the generally accepted auditing standards we e 、 erc i s e profess i on a I judgment and ma i n ta i n profess i on a I s kept i c i s 111 throughout the audit. We also

I, Identif y and assess the risks of mate」ial misstatement of the consolidated financial statements. ,,hether due to fraud or error. design and perform audit procedures responsi\e to those risks. and obtain audit evidence that is sufficient and appropriate to prlwide a basis for our opinion, The risk of not detecting a material misstatement resultin g from fraud is higher than for one resulting from error. as fraud may in\olve collusion. forgery. intentional omissions. misrepresentations. or the O\et 」 ide of internal control
2, Obtain an understanding of internal control rele\ ant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of e 、 pressing an opinion on the effecti\'eness of the Company·s internal control
1心aluate the appt叩iateness of accounting policies used and the reasonableness of accountin g estimates and related disclosures made by management
4, Conclude on the appropriateness of management's use of the going concern basis of accounting and. based on the audit evidence obtained. whether a material uncertainty e寸sts related to events or conditions that ma y cast si gnificant doubt on the Company 's ability to continue as a going concern, If we conclude that a material uncertainty e寸sts. we are required to draw attention in our auditors'report to the related disclosures in the consolidated fi n a n c i a I state m en ts or. if such di s c I o sure s are i n adequate. to m o di fy our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors'report. However, future events or conditions may cause the Company to cease to continue as a goin g concern.

5. Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underly ing transactions and events in a manner that achieves fair presentation

6. 0 b ta i 11 s u ffi c i e 11 t a 11 d a pp ro pr i ate audit e, i de 11 c e regard i 11 g the fi 11 a 11 c i a I i11formatio11 of the e11tities or busi11ess acti,ities ,,ithi11 the Compa11y to e 、 press an opinion on the consolidated financial statements. \Ve are responsible for the direction. supen ision and performance of the group audit \Ve remai11 solely responsible for our audit opinion

We communicate ,,ith those charged ,,ith gLwernance regarding. among other matters. the planned scope and timing of the audit and significant audit findi11gs. including any significant deficiencies in internal control that \e i d en ti fy d ur i n g our au d i t

We also prLwide those charged ,,ith 昱[o,ernance][,,ith a statement that \e ha,e] complied ,,ith rele,ant ethical requirements rega1山ng independence. and to communicate ,,ith them all relationships and other matters that ma> reasonably be thought to bear on our independence. and where applicable related safeguards

From the matters communicated ,,ith those charged ,,ith go,ernance. ,ve determine those matters that ,,ere of most significance in the audit of the consolidated financial statements for the year ended December 31. 2022 and are therefore the key audit matters. We describe these matters in our auditors' report unless la,, or regulation precludes public disclosure about the matter o「 whe11. in e\:tremely rare circumstances. ,,e determine that a matter should not be communicated in our report because the ad,·erse consequences of doing so would reasonably be e 、 pected to out,,eigh the public interest benefits of such communication

Candor Tai,,an CPAs

Taipei, Taivvan Republic of China

March 15, 2023

Notes to Readers

}'!J C i 11 ck jl C 11 ck ll l cl ll cl j l U I 丶 auclil rq丶url a11d the accumpa1n ing cun丶ulidalccl i'inancial 、lulcmcnt丶 arc the Lngl」、h lran丶lati,1n "r the Chine丶e 1e1丶iun pre1丶ared and u、ed in the Repu 卜 l」c ,if China. If there i丶 ,111, e"11 fl」cl hel\ee11. nr n1ff d」ffere11ce in the i11terpretution ot the lngli丶h and Chi11e丶e language i11dependent audito1丶 audit re1)()r\ a11d e"11丶() 1 」 dated financial stalemenls, the Chine 、 e version shall prevail.

tl-'ngli、h Tran、btion ol Con、olidat<-d Vinancial Sbkmrnt、 (l1·iginall1 I、、U<'din Chin, 丶(') l'O\FR('O、 I (0 .. I.TD.\丶」）丶l B、 1 \RII丶 0111)\TFD B \I.\丶0 、IIFFI丶 ('()、、 lkn•mlwr 31. 2022 and 2021 ti、pr<"w·din Thou、and、 ol 丶''" Tai" an Dolt»、I

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2(,70 25丶丶 2,,丶 ,110 :200 ; ,1 3.1ll	I)(lier 11\lllC\Jrl叩（丨ial丶，丨itic、 fotal 'n1cur氏nt I叫,ii叭丶 itl L\I II \l ll丶 I (_ TIY . \ rrmm r \l F Til Si \RFI)」DFI灼ClTI且I'\RF, I I叭i11,1n、Ji,irc (＼叩r,tll)l t';tpital丶urplu丶（＼叩(1(11)) Retained cam i11g丶(',,tc (,(I.)) legal re、CIYC		111,－ I 777－ 1.11- l.711、｀屮）75(,	l＿ 72 27	I"' ·~ ~· 、.�11) ~ .< . l .117. ..1711 ｀ 8 9 7 3 ．． 8 8 4 4 、 ! ) ，．． l , :>11,5.15	`＿－ l ）（ 7 96 8 2.�
3320	Special reserve		43 396 ，	3	43,396	4
3350	Accumulated deficit		(118,643)	(8)	(3,163,522)	(269)
3400 3410 3426	Other equity interest Exchange diferences on translation of freign fmancial statements Unrealized gains (losses) fom financial assets		3,646		13,182
	measured at fair value through other comprehensive income		112,295	8	(29,779)	(3)
3 lxx	Total Equity Attributable to Shareholders of the Parent		430,450	30	130,986	12
36xx	N on-controlling mterests		(32,050)	(2)	(30,860)	(3)
3xxx	TOTAL EQUITY		398,400	28	100,126	9
2-3xxx	TOT AL LIABILITIES AND EQUITY	＄＿	1,39.03	100莖	1174,96	100

(Please also refer to the accompanying notes, which are an integral part of the consolidated financial statements.)

(、l•:ngli、h Tran、lation of Con丶olidall-d Vinanrial 、 (.tll-llll'll(、Originall, T、、Ul'd in Chi1H·st·I PO\「RCO\f CO .. LTD.\ ,D 丶 I叭IDT\RT戶 Of.II)\TFD 丶 I\TF\11 丶＇丶 OF< O\l lfflll-\SI\ 1- I(0\11 ('()、、 For the Yl·a1 丶 Emkd Dl'l'l•mbl·r 31. 2022 and 2021

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8300	(ltlicr c,ltnpr,·li,·11、i, c'it1C()(lc'(I,,、、) tlc'I ,,f itC()llc叭				I''_o,2		1,		_,2.-,7
8500	Ttll\l l' l \l'lflll'\Sl\l· l'l"ll\l			、	2'X.27-		2.,	丶	2'.>'()		-
鞨00 8/10 8(己(	'TTl't'tl\ll(l tlSS1 .\ll! \l lTl 、li:irc·lrnldc·t丶,,ftlic· par,·nt ',,1-c,rntl"<>llin�inlet凶丶			丶｀，		I 11.l., 勺 1- 、l-) _ 伊）222		丶 - 丶		(2. ,()<I (''X ! 一一一 (,. 1111)
8700	!(ll.\l.lll\l llflll•'\sl\T l't'tl\lil tlSS1 .\lll 1\1 l·Ttl
8710	、l,;n,·holdc·1丶oCtkp:11,·1			｀，		2''.-(-		丶		2'.'-ll
8720	',,1-,,,111rr,lli11�i11tcrc、l丶 L \I'l't; 丶（］｀｀門R :!L\J			丶		11 l' l :、" '')、c<-		- 丶		1,<l)— ''U寸）
')75()	1卟ic and山lu!cd ,·aring丶（丨（）、丶）pc!、har, B卟ic cari11g丶(in、) ]ei、hareI'ntc ((I ()) Diluted cari11g丶(l,1丶丶）pct丶lure			丶＿丶			1 ((; － 2.f,(,	｀ 1－丶		10 or ． (Ii 111) . -

I[Pica、c][al、,,][refer to the accomp:rnYi11�note丶\hich arc Jll i11tc�ral part oCthc co11、olidatcd linancia丨、tatcmcnt丶）]

(Eugli丶11 Tr"ll'l"liou ol Coll 、 olidwd Fi n,rncLd S 1,i I「menl 、 Oligiu,1lly I 、、 ued ill Chiue 、 e」 POWERCO\f CO., LTD .. \、 D Sl叭IDL\RIE 丶

co、、 OJ.ID.\TED 丶 T\TE\fE 、 T 丶 OF CIL\:(芯I 丶 E()rIT 、

For the 丶 ear 丶 Ended Deeem her 31, 2022 and 2021

(I· 、 pn·s 、 I'd in Thou 、 111d 、 ol 丶 rn T" i" an Dollar,)

									I .quit, . \trib11t;bk to	I .quit, . \trib11t;bk to	Sh.rcholdc1丶olthc l'.rcnl	Sh.rcholdc1丶olthc l'.rcnl
				('.1pital Re、enc						R山med l·.ar w丶				(llhcr	Lq111l
														(; ,l l 丶,l l
													T o、、on th-			I 111C.l11cd
														l 'ih,m｀四	**	,ilu.1lrnn (;.m、
	Capital - Common Stoel、		\ddi!ional Paid- in<'api!al in l'""" of l'.n 一 ('ommon汕乩			('om CJ丶](>]] !'1叩1iu1 ol ('om crtibk Bond		丨cgalRe刃,c		cpccialR严nc		＼辶lll llL心1 l iclicit	IJ1 -1 -11i-、 I七"ullm'c I ()l , J 1 dll、Litmg the l nu11c1.1l		.md T o丶丶Cioni J llldll<1,il \ccd丶 \k.1丶ll11d . I .111 \ .il11c tln<•112h (Ith」		Tnkrc、1、 \lrihut.blc l< Parent l'<•111pam (I\ llCl		\<> -c,mtn,llmg l11lcrc、1、		J	(,tiJ I q111I
													St.ikm-n1丶111		(\imp11hln寸＼｀
														I rn -1｀�， n		In.、()l <
														()p\1 .1101l、
BAANCE, JANUAY 1, 2022	$	l,94X.7Xl	丶	7',-4_;, 丶			2,2.,>,x	丶	2711_,;,	丶	c_,__ ,<)(,丶	*I_;](,,_,22 !*	丶	],_1X2	丶	i. )_77'))	丶	1_;()_<)�(,丶		I_,ll_ol,11 I 丶		11111_121,
Capital reserve covering losses				(7')5.-,5)			(2'2-'J5�J					l.11-X __ ;<J;
Legal reserve covering losses									(2711.5,5 I			2711_,;-
Capital reduction to write of accumulated losses		(l,55'!.1125)										1.5,,1.112,
Net income fr the period												111_;_- r,						I 11.,."1,		(+_; 寸）		｀＼）丶＇＇ ·---
Other comprehensive income (loss) fr the period												-.'J]�		('),;r,1		_1111.,_h		I <J,_<JilS		; I++		l州）11,�
Disposal of fnancial assets measured at fi value
through other comprehensive income BAANCE, DECEMER 31, 2022	$	38'!. 75(,	丶		－丶		－丶		－丶		-_;__;<!(,丶	,�_-勺 (11SJ,-_; I	、	; (,-(,	丶	（泅4汀） 11:__<)'	丶	.;ll-' l 丶		( _;__()'()) 、		;<JS_- lll
BAANCE, JANUAY I, 2021	$	l,94US1	丶	7')'A.,S 、			252.'!'S	'、	2711_,,	、	-1;_;,!(, 、	1.,.IS'J.;;o)	丶	111. ;1,s	丶	I_; I.ii<); I	、	1111.11-�丶		( _;ll _ _i,71、		111.n,
Net income fr the period												(__-)<))						（工�()		I''JS I		I.;. 1117)
。ther comprehensive income (loss) fr the period												;_sr,11		:.ol +		_ _77<)		勺-,;				勺4泅
Disposal of fnancial assets measured at fi value
through other comprehensive income												c-.-r,,				己-U戶）
BAANCE, DECE1ER 31, 2021	$	l,94X.7Xl	丶	7',-4_;, 、			_ __,>,x	丶	.711_,_;,	,	4_; __ ;<)(,丶	*I_;](,;_,__I*	丶	J;_IS.	丶	(_<)_77'))	丶	I_;ll_'iol,丶		1 _;11_sr,111 丶		]1111_]_1,

(Pl 、"、、 ,,1 、 o refer lo the 」ee<>llljl'1ll\i11g ll(丶le丶＼＼丨,ich arc "" i11tcgra I par! > ,r the e, 丶ll丶（丶丨id」led i'i11,mcia I 、 L1k1ncnl丶）

(F1叫i 、 h Tran 、 lation of Con 、 olidated Financi」I 丶 tatl'ment 、 Originall�I 、、 ued in Chine,e) PO\ERCOI\I CO .• LTD.AND SllBSIDIARIES CONSOLIDATED STATEI\IENTS OF CASH FLO\ S For the 丶 ears Ended December 31. 2022 and 2021 (E'-pn·sscd in Thousands of Nc" Tai" an Dollars)


CASH FLOWS FRO!! OPERATING ACTI\'ITIES Income (loss) or continuing business units befre income lil、 Adustments f1	丶	88- rl 89	＄	(2.77.)
Income charges (credits) not ,ilTcting c;ish
Depreciation e、pense 巨pected credit losses recogni/ec (re, ersal) Interest income Finance costs A11ortuat1on e、pense		20.'):- I. <71 (719) 1-. ()()- n		＇ 8 5 l 2 8 l 5 2 r、 4 r、 8 （ V ,～ 0 , T
Share or the loss (income) or subsici;mes. associates and joint , entures accounted fr using the equit, method Loss (gain) from disposal or propert). plant and equipment		（丶271l		• r, , 'l 7 l r、'• r
Changes in operating ;1ssets ,llc liabilities
Notes recei, able		2祏4		1.508
Accounts recei, able		(I 0(). I 09)		,-.5-()
Other recci, ables		(51-)		(1.01 <)
Im entones		-5.(J.-		(105.7'7)
Prepa) men ts Other current assets		6 , ' l r ` 6 20		(5.181) (I O<)
Other financial assets		7,r,		1.551
Contractual liabilities		7.()77		858
Notes pa) able		I 1.70.,		Vl_70]
Accounts pa) able		(1-.-07)		21.'J
Other pa) ables		(- . I 15)		(16.18.)
Ad,,mce receipts		87-
。ter current liabilities		1,308		(3,834)
Net defned beneft liabilit - Noncurrent		(5,906)		(8,648)
Current provisions		(9,635)		196
。ter non-current liabilities
Cash generated fom operations		33,633		(20,290)
Interest revenue		719		351
Interest payable		(13,646)		(13,043)
Refnded (paid) income tax		血		血
Net cash generated by (used in) operatng activities		20,688		(33,004)

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) POWERCOM CO., LTD.AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2022 and 2021

(E、pressed in Thousands of New Taiwan Dollars)


CASH FLOWS FROM INVESTING ACTIVITIES
Current fnancial assets measured at tair value through prott or loss		64,339		29,395
Acquisitions of property, plant and equipment		(2,504)		(7,594)
Disposal of property, plant and equipment		364
Payments of 1-ight-of-use assets		(6,857)		(3,291)
Refndable deposits paid (refunded)		(5,850)		2,730
Acquisitions of intangible assets		(18)
Decrease (increase) in non-current fnancial assets				(128)
Prepayments of equipment				(l.885)
Net cash generated by (used in) investing activities		＝		＝
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (decrease) in short-term loans		31,194		6,437
Repayment oflong-tenn loans Increase (decrease) in guarantee deposits		(6,201) _		(l 0,834)－
Net cash generated by (used in) fnancing activities		运		(4.399)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		(7.213)		869
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		87,959		(17,307)
BEGINNING CASH AND CASH EQUIVALENTS		61.272		益
ENDING CASH AND CASH EQUIVALENTS	＄＿	149.231	$	61.272

(Please also refer to the accompanying notes, which are an integral part of the consolidated financial statements.)

:X.ttachment 9

INDEPENDENT AllDITORS'REPORT

The Board of Directors and Shareholders

POWERCOM Company Limited

Opinion

\Ve have audited the accompanying indi\idual BALANCE SHEETS (the "Company"). \hich comprise the indi\idual STATEMENTS OF COMPREHENSIYE INCOl\lE as of December 31. 2022 an_d 2021, and the individual statements of comprehensi\e income. changes in equity and cash flows for the years then ended. and notes to the indi\idual financial statements. including a summary of significant accounting policies

In our opinion based on our audit and other auditors·report (please refer to Other Matter section). the accompany ing indi\idual financial statements present fait丨＼， in all material respects. the individual financial position of the Company as of December 31. 2022 and 2021. and its indi\·idual financial performance and individual cash flo\vs for the years then ended in accordance with Regulations Governin g the Preparation of疝nancial Reports by Securities Issuers and International Financial Reporting Standards (IFRS). International Accounting Standards (IAS). and Interpretations de\·eloped by the Financial Supervisory Commission

Basis for Opinion

We conducted our audits in accordance \vith the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and g[enerally accepted auditin] g[standards. Our responsibilities under those standards ] are further described in the Auditors'Responsibilities for the Audit of the Individual Financial Statements section of our report. We are independent of the Company in accordance with The Norm of Professional Ethics for Certified Public Accountant and \Ve have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Company 's individual financial statements for the year ended December 31, 2022. These matters were addressed in the context of our audit of the individual financial statements as a whole, and in formin g our opinion thereon, and we do not provide a separate opinion on these

matters. Key audit matter for the Company 's indi\idual financial statements for the year ended December 31. 2022 is stated as follo\S

,-]lowance to Reduce 111\ entor[y ] to l\farket

Uninterruptible))O\er suppl y systems and photo\oltaic modules manufactured and sold b y the Company. are il1\entories that are susceptible to price fluctuations in markets. posing higher risks of il1\entor[y ] falling price loss 01 obsolescence. For the il1\entories aged beyond spec.ified period and the inventories specific identified at risk of obsolescence. the Company has account I o s s for ob so I et e an d s I o,,[-] m o \ i n g i 11\ en tori e s . Th e C om pan y 's i 11\ en tori e s an d allowance to reduce in\entor y to market could ha\e a significant impact on the fin an c i a I statements. and con sequent I y id en ti fi e d as a key audit matte」\Ve tested how the management make accounting estimates and the data on \vhich they are based. our audit procedures included the follo\,ing. amon g others

I. Ensured consistent application of accounting po_licies in relation to allowance to reduce il1\entory to market in the reporting period and assessed the reasonableness of these policies

2. \'al」dated the appropriateness of system logic of il1\entory aging report utilized[趴] management ,,ith the specific id�ntification method. to ensure obsolete il1\ entories aged beyond specified period丨isted in the report

3. D」scussed the net realizable value of specific identified obsolete in,entories with management. tested the supporting documents

4_ Evaluated information obtained from physical inventor y. and agreed to inventory aging report prepared by management
5_ Validated respecti\·e destockin g of inventor y part number. compared allowance to reduce inventor y to market of each part number \vith previous period. to e\aluate the reasonableness of the Company 's decision on allowance to reduce inventory to market

心aluation of A HO)riateness End Date of Sales Revenue Reco<rnition

Manufacturin g and selling UPS is the main line of business of the cooperation of Powercorn _ The e 、 portation is mainly commissioning China subsidiary to manufacture and directlv ship and sell to clients. and these operating revenue accounts for 51. 69% of the revenue. Sales revenue recognition could have a significant impact on the financial statements, and consequently identified as a key audit matter. Please refer to notes of the financial statement for the accounting policies on sales revenue recognition and disclosure, our audit procedures included the following, among others:

1. Understood and conducted the criteria used to determine when to recognize sales revenue and test of controls in audit procedures related internal controls.

2. Evaluated \alidity of re\enue-related internal controls by sampling order details of main clients and checking shipping certificates of orders

3. Ascertained \vhether sales re\enue ha\e been appropriatel y recognized by sampling subsidiary sales re\enue ledger and checking shipping certificates

4. Ascertained \hether there ha\e been any material sales returns or allo\'vances in the subse quent period

Other !\latter

A.s reterred to tn note 6(5) of indi\idual financial statements. \'ve did not audit the financial statements of certain in\estments related to Opti International Corporation accounted for under the e quity method that are included in the indi\'idual financial statements.Those financial statements \ere audited by other auditors \vhose reports thereon ha\e been furnished to us. and our opinion e 、 pressed herein. the balance of these in\estments accounted for under equity method amounted to NT$(26.979) thousands and NT$(26.434) thousands as of December 31. 2022 and 2021. respecti\ ely. share of income (loss) of associates recognized in 2022 and 2021 amounted to NT$(2.707) thousands and NT$7,357 thousands respecti\ely. and share of other comprehensive income (loss) of associates recognized then amounted to NT$2. l 62 thousands and NT$0 thousands respectively. insofar as且relates to the amounts included in individual financial statements and the information disclosed in Note 13(2) relative to these investments. is based solely on the audit reports of other auditors

Responsibilities of�Ianagement and Those Charged with Governance for the Individual Financial Statements

Management is responsible for the preparation and fair presentation of the individual financial statements in accordance Vvith the Regulations Governing the Preparation of Financial Reports by Securities Issuers r such internal control as management determines is necessarv to enable the preparation of individual fi n a n c i a I state m en ts th at are free tr om m ate r i a I m i s state m en t. w h et h er due to fraud or error

Tn preparing the individual financial statements. management is responsible for assessing the Com pan 、, s ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to li quidate the Company or to cease operations, or has no realistic alternative but to do so.

Those charged with governance (including members of the Audit Committee) are responsible for overseeing the Company 's financial reporting process

Auditor's Responsibilities for the Audit of the Individual Financial Statements

Our objecti\es are to obtain reasonable assurance about \hether the individual financial statements as a \hole are凸ee from material misstatement. \hether due to fraud or error. and to issue an auditors·report that includes our opinion Reasonable assurance is a high丨e\el of assurance. but is not a guarantee that an audit conducted in accordance \ith the Standards on Auditing \ill always detect a material misstatement \hen it e寸sts. l\lisstatements can a」ise from fraud 01 error and are considered mate」ial if. indi\idually or in the aggregate. they could reasonably be e 、 pected to influence the economic decisions of users taken on the basis of these indi\idual financial statements

As part of an audit in accordance \ith the generally accepted auditing standards we e 、 erc i s e profess i on a I j u d gm en t and ma i n ta i n profess i on a I s kept i c i s m throughout the audit. We also

I . I d e n t i f y a n d a s s e s s t h e r i s k s of m a t e」ia I mi s statement of the Ind i \'i du a I financial statements. \hether due to fraud or error. design and perform audit procedures responsi\e to those risks. and obtain audit e\idence that is sufficient and appropriate to pro\ide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may in\olve collusion. forgery. intentional omissions. misrepresentations. or the O\erride of internal control
" Obtain an understanding of internal control 」eI e \'ant to the audit in order to design audit procedures that are appropriate in the circumstances, but not fot the purpose of e 、 pressing an opinion on the effectiveness of the Company 's internal control

3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management

4. Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty e 、 ists related to events or conditions that may cast sign i fi cant doubt on the Company ·s ab i I it y to cont i nu e as a going concern . If \Ve conclude that a material uncertainty e 、 ists, we are required to dra\v attention in our auditors·report to the related disclosures in the Individual fi 11 a 11 c i a I state m e 11 ts or, if such di s c I o s LI re s are i n ad e q LI ate, to m o di fy our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors'report. However, future events or conditions may cause the Company to cease to continue as a going concern.

5. Evaluate the overall presentation, structure and content of the individual financial statements, including the disclosures, and whether the individual financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

6. Obtain sufficient and appropriate audit evidence regarding the financial information of the entities or business activities within the Company to

e 、 press an opinion on the indi\ idual financial statements. \Ve are responsible for th e di rec ti on . sup en i s i on an d perform an c e of th e group au di t. We rem a i n solely responsible for our audit o pinion

We communicate \ith those charged \ith go\ernance regarding. among other matters. the p lanned scope and timing of the audit and significant audit f i n d i n g s . i n c I u d i n g a n y s i g n i fi c a n t d e fi c i e n c i e s i n i n t e rn a I c o n tr o I t h at we identi八during our audit

We also pro\ide those charged \ith go\ernance \ith a statement that we ha\·e complied \ith rele\ant ethical requirements regarding independence, and to communicate \ith them all relationships and other matters that may reasonably be thought to bear on our independence. and \here applicable related safeguards

From the matters communicated ,vith those charged \ith g<..wernance. ,ve determine those matters that \ere of most significance in the PARENT COl\:IPANY only financial statements Indi\idual statements for the year ended December 31. 2022 and are therefore the key audit matters. We describe these matters in our auditors' report unless la\'v or regulation precludes public disclosure about the matter or ,vhen. in e\:tremely rare circumstances. we determine that a matter should not be communicated in our report because the adverse consequences of doing so \Ould reasonabl 丶 be e 、 pected to outweigh the p[ub I i c interest benefits of such com mun i cat i on ]

Candor Tai,,an CPAs Taip ei, Tai,,an Republic of China

March 15, 2023

Notes to Readers

!'he indcpcndcnl audill11丶uudil rcp,irl and the ucc,1m1 、 uming parent c,1m1丶 Ull\ unh finunciu 1 、 lalcmcnl丶arc the l:ngli丶h tran丶lati(111 of the Chine丶e \ e1丶i(111 prepared and u 、 eel in the Republic of China. 11 山(.,[、] re is any eonflicl bel\ een, 01 叫 l} 山 ffrrence in Lhe inlerprelalion ol the English and Chinese language independent auditors'audit report and parent company only financial statements, the Chinese version shall prevail.

(1-'ngli、h Tran、lalion of l'an·nl (ompani Onli 1-'in,rnrial Si,、lrn1rnl、 I►1·iginall1 l、、U<'d in (him·"·► l'O\FIH 0\1 CO .. LTD.\丶」）丶 l B、 II)」\1<11丶 B\I. \丶Cl 丶IIFFI丶

lkn•m lwr 31. 2022 and 2021

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211 ( 21 .,0 .I 50 2170 2180 2200 221(、 ..20 2竺O 2.,22 、,<)<) 21丶丶 2(,-l 2h-5 2(,7( 25丶丶 2、、丶	l \1UII丶\°] Ft)l Tl\ ('1 Rl<°11 1\11 Jil丶 Sh,,rl krr lwrr,>\ i1� 丶t°,,1c (,t8L l .t 1 H.ll ('11rrc11l c,,11tr:icl丨！」忻丨1l1c丶 ',,le丶I"」hkt＼叩1.(1 lt .li .\cc,,1 1hp""'hlc t°,,1c l.tl)(.ll \cc,11111!丶""'"'丶丨c t,, rcl:1tcd p:lrlic丶t°,,[c 12(l 11 .1) (llhc「I"'」hie丶（＼叩l.t l 11.'1l Jli, idc1c丶I"'"卜lc (',,1c l.tl11.'1l 1 lthcr !"'"hie丶t,, rcl:ltcd」>:lrlic丶t°,,(c 7(.'1.12(11) Pr,,, i,i,,1丶- currc11l ('叩(、(<))) T,,11,-lcn11丨'"忻丨1l1c丶-cun叩l p,>rl1,>1 ,,rI"",>pcr: ll" c,ck (°,,tc (,(、）12(1)) <llhcr cun叩li'1h1!1l1c丶 r,,1"丨(、Ill几Ill l.i'1hi丨iiic、 ,11,1'l RRF, I I .l.\lll .111丶 °d dcti1cd凡11cti1 I叫,itit, - \,111currc1l (',1lc北i-L<,11111 t ;u,mrlcc de尸ii丶（＼叩1.il11.1 1 \ >thcr n,,11-cun叩1」柘l 1e、 fotal ",11rnrrc11t I iahilitic丶 IilT\L LL \Bi .I Ill丶	、' ll、cc1h」:I. :I:: \111,,1111[ .)1二(Ill IS卫S- .,.1, I s, ..1r,5 ,.1. 71,1, 1,1.s.1.1 I 7,(,; 1711.1、1'! 17.1,s ..7.1,11. 111丶丨( ,·- s,r, . .r,7 I 2 .. �I 1, 1- '!, -,- :.. ,XIX- . ·- <2c.lc I	r丶� l 6, 4 ` \ ＼ l 8 l <,5 (18	丶 I)ccc1h」�1. 21121 \111,,1 1[ -S.111111 7.')').� 27.'!SS 11 <J.S'J2 �11.-28 I 7,15_1 225.2.�+ 21,.x1 _i 2sr,.21, 1 I� 名7 .· .. . <J.,1.111') 4 l ~ ： l I!, : l 丶～ r｀ ' ，l <J 8 2� 1- 1 F~ Ill'!'JI 丶．丶 ,. I丶l · . %).]:、( 88
, 1 IO ,200 ,.,00 '·'1 O	H)ll Y .\lrnl l"l.\l.: 111、1.\RUI口11)1R丶尸l 且I I'\RF, I i叭li1,m丶,:irc (\,,tc州11)) i'apilal丶urplu丶('1lc (,(11)) Rdainc,l只ri11g丶(',,[、(1(12)) I、gal re、L「\C	）,t 5 7 、,＇，＇ 8 r`	）｀		I.'!-8. 781 1.11-8 ..1').1 ;11}.�5	I 77 % 竺
3320 33 50	Special reserve Accumulated defcit	43,396 (118,643)	3 (9)		43,396 (3,163,522)	4 (288)
3400 3410 3426	Other eqmty rnterest Exchange diferences on translation of freign fnancial statements Unrealized gains (losses) fom fnancial assets measured at fir value through other comprehensive income	3,646 112,295	8		13,182 (29,779)	(3)
3lxx	Total Equity Attributable to Shareholders of the Parent	430,450	32		130,986	12
3xxx	TOT AL EQUITY	430 450 2	32		130 986 2	12
2-3xxx	TOT AL LIABIITIES AND EQUITY	＄＿ 155.501	100	畫	1096,136	100

(Please also refer to the accompanying notes, which are an integral part of the individual financial statements.)

												I�''�
								]l 7' ll		"		l ll,,ll	"
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Q、[、＼� ＼� ，！的丶L	',,, l I':II\'·1\ 1上」入 1,,,,1,- 、l、11丶.I'上UJ•,」」\'上J＼口這								""弋"i -	11 -		-, "", -	'I , -
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｀｀ ,、 J [ J ，｀ '1[[丶	叩l尸"丨凸丶''I ' 、"'''、Ii丶\l', ,'[丶訌 l, 丶丶l,'[l凸l凸丶"I、丶l 丶Ii丶\l', ,'丨丶ki 尺丶l 、仆'•[巳lh'l[l 丶"l"'""Jll [Vllll,,I 1丶丶"I"'丶l l丨 l己」丨｀丶＼丶11丶il、IICC ,'[]1111" \ I'-' 111丶l I								- , "I� 「,, ,, , I	- ＼		- l J ＼	-
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IL,丶	i:_1,- 1,-[, ,' l, 丶Ii丶\I丶I丶丨丶1,II,丶I丶尸l凸丶'"I、	丶	丶1						"''"'''	'I ,		- 「I\、	-
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	l平II\迁」．'"' I I'、:",I',、I\ I
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	[),j ,,1,·\, ,•IJI丶.1.,,1,、•' I''、己l lJ,,,>1"11[									丶，）') C
	'·"'!'.1od, "''I,、C lUl丶1、、11111 ,1									' ""�			(<)(((('
	cu1,cw,lu,·,.1、[lCl .丶丨,J ,、[l 、、I丶le'		l .ll [•I[ \ 丶•Ml			l	l 丶[丨,, uid 1i1c丶l	丶ltl、[l!J l l [lll!'l ll!'		i 、ll丶

(Engli、h Tran,la1ion o1Taren1 Company Only Financial 丶1akm,•n1丶Originall: 氐ucd in Chin氐） POWERCOM CO., LTD.

STATEMENTS OF CHANGES IN EQUITY For the Year、 Ended Deeemher 31, 2022 and 2021 (I<丶pn·、、cd in Thou、and丶＇）「丶''"·1 重tillan Doll at丶）

				lalilal	lalilal	Re、enc			l{c'laincd	Larm旦丶 >			< Hhc'」I.,1u11,	< Hhc'」I.,1u11,
	c,,mm,,n、回l、		\ddili<nul I頃d in Capi叫m l丶CC'',r Par - Comm<n丶几l、			C,)Ill l'I叩）1 JrL'lllilllll ()j C"1nl小k l"nd		丨cgal Re'式「IL'	Spc-cial鼷式「IC			(iain丶and L<、<n the l :,clwn�c· 1\ccumulakd lklicit 」)」llcrcncc'、 11c叫tin� fum l r,1、lat1n1丶之｀ the l in,1ci,tl Stalmcnl、in '"「l1�1 (Jpcralt<n丶		lJnr心ili/ccl Valuali<n (」:Jill丶 and L<、丶fn,m I in:lllci:il \、、cl、 fk:1寸Irc'd :1( h1」」Value' th」,）u�h 1)(h,'1 C, >I prc'h c'll寸Ic' lncumc'	lut:il Lq111l
BALANCE, JANUARY 1, 2022	丶	I .')-8. 78 I丶		7'5_c35、			252,')58 丶	271.5汴丶		c.)訒（；丶		13. J (13_-, I、	丨｀丨x: 丶 12'!.77刃丶		丨,n_,)Rr,
Capital reserve covering losses				(7')5_4))			(252.'!58)					丨IJ-X.3'!.,
Legal reserve covering losses								(271)_,3,)				271!.535
Capital reduction to write of accumulated losses		(1.55<)_1)25)										丨—5').1125
Disposal of fnacial assets measured at fir value
through other comprehensive income												58.4茫		1 :X.-茫）
Net income fr the period												1113_,'(,			I 113_-r,
Other comprehensive income (loss) fr the period												-.'! 丨8		丨'!8.3(14	:113.:X:
Other comprehensive income recognized
using the equity method fr the period													(').-_(1 I	2丨r,.	I 7 .3 7- I
BALANCE, DECEMBER 31, 2022	丶	18')�75(,	丶		－	丶	- s	-	s	-3.3% 丶		I丨IS.<1-3 1、	,.<,-<,	丶丨丨：：（戶丶	4311.-,11
BALANCE, JANUARY 1, 2021	丶	L')48,78 I丶		7'5_-汴丶			2勺9泅丶	27()勺；、		」, ' 、		<3.18'!.3卟勺丶	丨(祏8	丶 13丨((八）丶	丨(丨11-.
Net income (loss) fr the period												I :.- l) I			1:.,1囚）
Other comprehensive income (loss) fr the period												,_8(11		_-_77'	: ) _(, 訒
Disposal of fnacial assets measured at fir value
through other comprehensive income												.-.-r,		1:-.-r, 1
Other comprehensive income recognized
using the equity method													_, 8丨」		, 8丨」
BALANCE, DECEMBER 31, 2021	丶	1.9-8, 78 I丶		7, 戶4汴丶			2:2,')'8 丶	�70_, 芯丶		-3_3, 一）（	丶	（；丨(13.-: i丶	丨｀丨幻丶己').77'))、		丨,11_')8(,

(Pka、L' al、o lL'lt.'r I<> the ac-c<>rnpan\ in�1wlc' 丶\ hich arc'an ink�ral p:irl oC the· ind」1idu,il Cinancial 、lalc'rnc·nt 丶）

(Engli、h Translation of Parent Com pan�Ont�Financial Statements Original!�I、、ued in Chinese) POWERCOI\I CO .• LTD.AND SUBSIDIARIES STATEI\IENTS OF CASH FLOWS

For the 丶 ears Ended DecemllerJl,2022 and 2021 (E'-pressed in Thousands of Ne" Tai" an Dollars)

丶丶丶
102 I
CASH FLOWS FROl1 OPERATING ACTI\'ITIES
Income (loss) of con!inuing business uni!s befre income叭
丶
Acjuslments fr
Income charges (creci!s) no! ;llTcling c;1sh
Depreciation 叭pense
巨pec!ec creci! losses recogni1ec (re, ersal)
Interest income
Finance cosls
Share of the loss (income) ofsubsichanes. ;1ssoc1;11es
ancjoinl , enlures ;1ccoun1ec fr using !he equil> me!hoc
Loss (gain) from cispos;d of proper!>. pl:rnl and equipmenl
Loss (gain) from disposal of im eslmenls
Changes in operling assels and li;1b山lies
Noles recci, able
Accounls recei, able
Accounls recei, able cue from rela!ec p詛1es
Other recei, ables
Other recei, ables cue from rela!ec par11es
Ill\ enlories
Prepa> men ls
Other Cl11Te111 assels
Other financial assels
Contraclual liab山11es
Notes pa> able
Accounts pa> able
Ot1er payables
。ther payables to related pares
。ther current liabilities
Net defned beneft liability - Non-current
Current provisions
Cash generated fom operations
Interest revenue
Interest payable
Refunded (paid) income tax
Net cash generated by (used in) operating activities
Io�.--<
＄

17. <)::
1.072
(�85)
I I .O<i<J
L,.77,
(i-5)
Ui-8
(107.708)
(,.()0 I l
(I(丶）
( l l.<5)
-�.00-
8.59'
8(9
10.2')(
(2.817)
I'J.2,'J
8,%7
(54,596)
1,232
(5,906)
(9,655)
44,299
385
(10,631)
6
34,059

(2_:()<))
12.<-2
(7(i2)
(j () j)
7.�')-
(- .(日(i)
I0-
(.920)
().()(7
10.081
(1.07,)
5 I.((()
((J-.8-2)
(8. 71-)
（北）
1.5., I
(1.181)
27.%2
5]_(9(
(.0,817)
16,786
(2,353)
(8,648)
368
(17,677)
303
(10,616)
(27,990)

(Engli、h Translation of Parent Company Only Financial Statements Originally I、、ued in Chinese) POWERCOM CO .• LTD.AND SUBSIDIARIES STATEMENTS OF CASH FLOWS

For the Year 、 Ended December 3 l. 2022 and 2021 (£.pressed in Thousand丶of Ne" Tai" an Dollar丶）


CASH FLOWS FRO! f TNVESTTG ACTIVITIES
Acquisitions or proper!: plan I and equipment				(7.057)
Disposal or proper! 丶plant and equipment		3:(i
际ments or right-of-use assets		({)_85 7)		0.292)
Refndable deposits paid (relncec)		（士%-)		2.709
Disposal ofcurrent financial assets measured at fir, alue		(i-,33(		29.39:
Prepa_ men ts or equipment				(1.885)
Net cash generated b丶(used in) im es ting acti, ities		:2.87-		I 9.870
CASH FLOWS FROlf FINANCING ACTIVITIES
Increase (decrease) in shorHerm notes and bills pa丶able		(、-.800)		（士800)
Repa丶ment orlong-term loans		（丶8JJ_())		(8.(1刃）
Increase (decrease) in guarantee deposits		1-
Net cash generated b丶(used in) financing acti, i ties		! l�.- 5)		(13.-591
NET INCREASE (DECREASE) IN CASH AND CASH EQUl		73.-88		(21_57(
BEGINNING CASH AND CASH EQUTALENTS		27.()08		-8.587
ENDING CASH AND CASH EQUNALENTS	�	丨()()_-%	＄	，丁008

(Please also refer to the accompan泗g notes, which are an integral part of the individual financial statements.)

:X.ttachment I 0

POWERCOM CO .. LTD. Deficit Con1pensation Staten1ent (after rectification) Year 2021

Yar 2021
	Unit: NT$
Tten1	An1ount
Beginning Cmnulative Loss	(3, 189337,694)
Add: Net Inco1ne	(L509247)
Add: Other Co1nprehensive Inco1ne for the Period	28J24,974
Accu1nu lated Defcit	(3J63,52L967)
Less: Defcit Con1pensation thru Capital Reserve-Pre1nimn f011	795A34A80
Ordinary Shares upon Issuance Less: Defcit Con1pensation thru Capital Reserve-Pre1nimn f01n	252,958, I 08
Conversion of Corporate Bonds Less: Defcit Con1pensation thru Legal Reserve	270,535,188
Ending Accun1u lated Defcit	(1,844,594,191)

:X.ttachment 11

POWERCOM CO .. LTD. Deficit Con1pensation Staten1ent Year 2022

Yar 2022
	Unit: NT$
Iten1	An1ount
Beginning Cmnulative Loss	(1,844,594, l 9 l)
Add: Defcit Con1pensation through Capital Reduction	1,559,025,320
Add: Net Incon1e	I 03,556,313
Add: Transfer of Unrealized Gain or
Loss fo11 Disposal of Financial	58A5IA04
Assets to Retained Earnings
Add: Other Con1prehensive Incon1e for the Period	4,918213
Ending Accun1ulated Defcit	(118,642,941)

:X.ttachment 12

List of Candidates for Directors (incl. I nde_Qendent Directors)

				Name of
				Rcprcscnt1g
Cancltcatc for	Candidate Name	Ecucat1011	Pnnc1pal E、pcncnccs and Current Rolc(s)	GO\crmcnt .: ocnc, . or	Shares Held
				Juristic
				Person
Inccpcnccnt	Tsai	Graduated lrom	KPl fG Tai" an	None	1.200
Director	Nicn-Pcng	National Cheng	Price\ atcrhouscCoopcrs Tai,, an
		Kung U,m crs1l:	Tam an Sccunt1cs Co , ltd
			Prject ilanagcr at Capital ilarkct
			DcpartmcnL President Securities
			Corporation
			.ssoc1atc Sales I Ian ager or Capital
			flarkct Di, ision, Reliance Securities
			Co, ltd (Current)
Indcpcndcn!	Chc110 °	Gracuatcc lrom	Vice General l fangcr of'l IVE TECH	None	（）
Director	Yung-Jic	National Tai\ an	OPTOELECTRONICS CO , LTD
		Uni\ crs1t�or	Special Assistant at LIVE TECH
		Science and	OPTOELECTRONICS CO , LTD
		Tech no log、	Vice General } fan ager or
		(formcrl:	UVECABLE TECHNOLOGY CO,
		National Tam an	LTD
		Uni,crsit丶or
		Sc1cncc and
		Tcchnolog:,.)
Inccpcnccnt	Chan: o	Graduated \ ith	Chairman ofCablcclouc (Bo-Yun)	None	(
Director	Guo-Rong	master's degree	Video Co , Ltd
		crcccntial from	General f1anager of Cablcclouc Co,
		National Tai\ an	Ltd
		Uni,crsit�of'	Vice General lfanager of'lfarket
		Science and	De, clopmcnl DcparlmcnL
		Tcchnolog、	KOTECHCOl'f LTD (Current)
Independent	Wang	Tung Hai	Confrred Certificate or Financial	None	（）
Director	Li-Cheng	Uni,crsil	Personnel Qualil'ec through Grace B
			Special巨amination in Tai\ an
			Retired as !fan ager of'Tai,, an
			Coopcrati, c Bank Yan sh an Branch
Director	Kc-Fci	Not Applicable	Not Applicable	None	105.09
	Imcstmcnt
	Co. Ltd
Director	Jiu-Ye	Not Applicable	Not Applicable	None	I 03JiOO
	Investent
	Co., Ltd.
Director	Han	National Taipei	Senior Associate Manager of CTCI	None	237,886
	Rong-Yu	Universit of	Cororation
		Technology	Consultant at CTCI Cororation
		(frerly	(Curent)
		National Taipei
		Institte of
		Technolo黔,)

:X.ttachment 13

Contents Relating to Release of Prohibitions on New Directors and their Representatives fon1 Participation in Con1petitive Business	Contents Relating to Release of Prohibitions on New Directors and their Representatives fon1 Participation in Con1petitive Business	Contents Relating to Release of Prohibitions on New Directors and their Representatives fon1 Participation in Con1petitive Business
Candidate	Name	Status ofparticipation(s) in competiti\ e business to
		be released
Director	Ke-Fei Tm estment	None
	Co, Ltd
Director	Jiu-Ye Tmestment	None
	Co, Ltd
Director	Han Ron旦-Yu	Consultant of CTCI Corporation
Independent	Tsai Nien-Peng	cssociate Sales Manager of Capital llarket Di\ision,
Director		Reliance Securities Co, Ltd
Independent	Cheng Yung-Jie	None
Director
Independent	Chang Guo-Rong	\ice General Manager of llarket De\ elopment
Director		Department KOTECHCOII LTD
Independent	Wang Li-Cheng	None
Director

AI assistant

PCM — AGM Information 2023

52275_rns_2023-06-30_00eba7bf-3047-4ef0-b733-66cda1dce6e4.pdf

POWERCOM CO., LTD.

Minutes of A 2023 Regular Shareholders’ Meeting

Report Items ：

Ratifications ：

Descriptions ：

Descriptions ：

Descriptions ：

Descriptions ：

Election Items ：

Voting Results ：

Other Items ：

Descriptions:

Extempore Motions ： None.

There are no questions from shareholders at this shareholders’ meeting.

Business Report (after Rectification)

2021 Business Report

(4) Profitability Analysis

(5) R&D Status

,-\ UPS Series

C. PV POWER PLANT

Audit Committee Review Report

Business Report

(4) R&D Status

2. Summary of 2023 Business Plans

(1) Management Guideline

Audit Committee Re、'iew Report

POWERCOM CO., LTD.

Implementation Status of Improvements on Funds Loan by the Company and its Subsidiaries

1 CO., LTD. PO\VERCOl[1]

Handling Status of:2022 Capital Reduction as Pait of Sound Business Plan and Implementation Results

INDEPENDENT AllDJTORS'REPORT

The Board of Di rectors and Share ho I ders

POWERCOM Company Limited

Opinion

Basis for Opinion

Key Audit Matters

Allowance to Reduce Tn\ entory to l\farket

Evaluation of A HO)riateness End Date of Sales Revenue Reco画tion

Other �latter: !\laking Reference to the Audit of a Component Auditor

Other�ratter: Individual Financial Statements

Res ponsi bil ities of�Ianagem en t and Those Charged with Governance for the Consolidated Financial Statements

Auditor's Responsibilities for the Audit of the Consolidated Financial Statements

Candor Tai,,an CPAs

March 15, 2023

Notes to Readers

tl-'ngli、h Tran、btion ol Con、olidat<-d Vinancial Sbkmrnt、 (l1·iginall1 I、、U<'din Chin, 丶(') l'O\FR('O、 I (0 .. I.TD.\丶」）丶l B、 1 \RII丶 0111)\TFD B \I.\丶0 、IIFFI丶 ('()、、 lkn•mlwr 31. 2022 and 2021 ti、pr<"w·din Thou、and、 ol 丶''" Tai" an Dolt»、I

(、l•:ngli、h Tran、lation of Con丶olidall-d Vinanrial 、 (.tll-llll'll(、Originall, T、、Ul'd in Chi1H·st·I PO\「RCO\f CO .. LTD.\ ,D 丶 I叭IDT\RT戶 Of.II)\TFD 丶 I\TF\11 丶＇丶 OF< O\l lfflll-\SI\ 1- I(0\11 ('()、、 For the Yl·a1 丶 Emkd Dl'l'l•mbl·r 31. 2022 and 2021

co、、 OJ.ID.\TED 丶 T\TE\fE 、 T 丶 OF CIL\:(芯I 丶 E()rIT 、

(F1叫i 、 h Tran 、 lation of Con 、 olidated Financi」I 丶 tatl'ment 、 Originall�I 、、 ued in Chine,e) PO\ERCOI\I CO .• LTD.AND SllBSIDIARIES CONSOLIDATED STATEI\IENTS OF CASH FLO\ S For the 丶 ears Ended December 31. 2022 and 2021 (E'-pn·sscd in Thousands of Nc" Tai" an Dollars)

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) POWERCOM CO., LTD.AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2022 and 2021

INDEPENDENT AllDITORS'REPORT

The Board of Directors and Shareholders

POWERCOM Company Limited

Opinion

Basis for Opinion

Key Audit Matters

,-]lowance to Reduce 111\ entor[y ] to l\farket

心aluation of A HO)riateness End Date of Sales Revenue Reco<rnition

Other !\latter

Responsibilities of�Ianagement and Those Charged with Governance for the Individual Financial Statements

Auditor's Responsibilities for the Audit of the Individual Financial Statements

March 15, 2023

Notes to Readers

(1-'ngli、h Tran、lalion of l'an·nl (ompani Onli 1-'in,rnrial Si,、lrn1rnl、 I►1·iginall1 l、、U<'d in (him·"·► l'O\FIH 0\1 CO .. LTD.\丶」）丶 l B、 II)」\1<11丶 B\I. \丶Cl 丶IIFFI丶

lkn•m lwr 31. 2022 and 2021

STATEMENTS OF CHANGES IN EQUITY For the Year、 Ended Deeemher 31, 2022 and 2021 (I<丶pn·、、cd in Thou、and丶＇）「丶''"·1 重tillan Doll at丶）

(Engli、h Translation of Parent Com pan�Ont�Financial Statements Original!�I、、ued in Chinese) POWERCOI\I CO .• LTD.AND SUBSIDIARIES STATEI\IENTS OF CASH FLOWS

For the 丶 ears Ended DecemllerJl,2022 and 2021 (E'-pressed in Thousands of Ne" Tai" an Dollars)

(Engli、h Translation of Parent Company Only Financial Statements Originally I、、ued in Chinese) POWERCOM CO .• LTD.AND SUBSIDIARIES STATEMENTS OF CASH FLOWS

POWERCOM CO .. LTD. Deficit Con1pensation Staten1ent (after rectification) Year 2021

POWERCOM CO .. LTD. Deficit Con1pensation Staten1ent Year 2022

More from PCM

PCM AGM Information 2023

Report Items `：`

Ratifications `：`

Descriptions `：`

Descriptions `：`

Descriptions `：`

Descriptions `：`

Election Items `：`

Voting Results `：`

Other Items `：`

Extempore Motions `：` None.