PI — Interim / Quarterly Report 2025

Nov 14, 2025

Stock Code: 2328

PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REVIEW REPORT SEPTEMBER 30, 2025 AND 2024

Company Address: 6F., No. 200, Jian 8th Rd., Zhonghe Dist., New Taipei City

Tel: (02)2211-3066

Notice to Reader

For the convenience of readers, this report has been translated into English from the original Chinese version. The English version has not been audited or reviewed by independent auditors. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors’ report and consolidated financial statements shall prevail.

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PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REVIEW

REPORT

SEPTEMBER 30, 2025 AND 2024

Table of Contents

Items

**Page **

I. Cover Page II. Table of Contents III. Independent Auditors' Review Report IV. Consolidated Balance Sheets V. Consolidated Statements of Comprehensive Income VI. Consolidated Statements of Changes in Equity VII. Consolidated Statements of Cash Flows VIII. Notes to The Consolidated Financial Statements (I) History and Organization (II) Date and Procedures of Financial Report Approval (III) Application of New Standards, Amendments and Interpretations (IV) Summary of Material Accounting Policies (V) Critical Accounting Judgments, Estimates and Key Sources of Assumption Uncertainty (VI) Details of Significant Accounts (VII) Related Party Transactions (VIII) Pledged Assets (IX) Significant Contingent Liabilities and Unrecognized Contract Commitments (X) Significant Disaster Loss (XI) Significant Events After The Balance Sheet Date (XII) Others (XIII) Supplementary Disclosures (XIV) Operating Segment Information

1 2 3 ~ 5 6 ~ 7 8 ~ 9 10 11 12 ~ 83 12 12 12 ~ 15 15 ~ 34 34 ~ 35 35 ~ 61 61 ~ 66 67 67 67 68 68 ~ 81 81 ~ 82 82 ~ 83

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INDEPENDENT AUDITORS' REVIEW REPORT

(2025) Financial Audit Report No. 25002380 To the Board of Directors and Shareholders of Pan-International Industrial Corp.

Introduction

We have completed our review of the consolidated balance sheets of Pan-International Industrial Corp. and its subsidiaries as of September 30, 2025 and 2024, the consolidated statements of comprehensive income for the three months ended September 30, 2025 and 2024 and the nine months ended September 30, 2025 and 2024, and the consolidated statements of changes in equity and cash flows for the nine months ended September 30, 2025 and 2024, as well as the notes to the consolidated financial statements (including a summary of significant accounting policies). According to the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34 "Interim Financial Reporting" endorsed and issued into effect by the Financial Supervisory Commission, it is the responsibility of management to prepare and fairly present the consolidated financial statements. The responsibility of the independent auditors is to express a conclusion on the consolidated financial statements based on our review.

Scope of Review

Except for the matters described in the Basis for Qualified Conclusion paragraph, we conducted our review in accordance with Statement of Auditing Standards No. 2410 "Review of Financial Statements" of the Republic of China. A review of consolidated financial statements consists of making inquiries (primarily of persons responsible for financial and accounting matters), applying analytical procedures, and other review procedures. A review is substantially less in scope than an audit and consequently, the independent auditors may not become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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Basis for Qualified Conclusion

As described in Notes 4(3) and 6(7) to the consolidated financial statements, the financial statements of certain non-significant subsidiaries and investments accounted for using equity method included in the aforementioned consolidated financial statements for the same period were not reviewed by independent auditors. As of September 30, 2025 and 2024, their total assets were NT$1,566,893 thousand and NT$1,269,072 thousand respectively, representing 7% and 5% of the consolidated total assets (including investments accounted for using equity method); total liabilities were NT$223,631 thousand and NT$281,418 thousand respectively, representing 3% and 3% of the consolidated total liabilities; their comprehensive income (loss) for the three months ended September 30, 2025 and 2024, and the nine months ended September 30, 2025 and 2024 were losses of NT$32,431 thousand, NT$21,399 thousand, NT$25,094 thousand and NT$56,675 thousand respectively, representing (4%), (2%), (10%) and (3%) of the consolidated comprehensive income.

Conclusion

Based on our review results and the review reports of other accountants (please refer to Other Matters paragraph), except for possible adjustments to the consolidated financial statements that might have been determined had the financial statements of certain nonsignificant subsidiaries and investments accounted for using equity method been reviewed by certified public accountants as described in the Basis for Qualified Conclusion paragraph, we have not found any indication that the aforementioned consolidated financial statements have not been prepared, in all material respects, in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34 "Interim Financial Reporting" endorsed and issued into effect by the Financial Supervisory Commission that would prevent them from presenting fairly the consolidated financial position of Pan-International Industrial Corp. and its subsidiaries as of September 30, 2025 and 2024, their consolidated financial performance for the three months ended September 30, 2025 and 2024 and the nine months ended September 30, 2025 and 2024, and their consolidated cash flows for the nine months ended September 30, 2025 and 2024.

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Other Matter - Reference to Reviews of Other Independent Auditors

The financial statements of certain subsidiaries included in the consolidated financial statements of Pan-International Group were not reviewed by us, but were reviewed by other independent auditors. We have performed necessary review procedures on the adjustments made to convert these subsidiaries' financial statements to conform with consistent accounting policies. Therefore, in our review report on the aforementioned consolidated financial statements, the amounts of these subsidiaries' financial statements before adjustments are based on the review reports of other independent auditors. The total assets of these subsidiaries as of September 30, 2025 and 2024 amounted to NT$5,991,636 thousand and NT$6,485,903 thousand, respectively, representing 26% and 26% of the consolidated total assets. The operating revenue for the three months ended September 30, 2025 and 2024, and the nine months ended September 30, 2025 and 2024 were NT$1,449,007 thousand, NT$1,774,664 thousand, NT$5,110,724 thousand and NT$5,010,667 thousand respectively, representing 27%, 30%, 30% and 31% of the consolidated operating revenue.

For and on Behalf of PricewaterhouseCoopers, Taiwan

Jen-Chieh Wu

CPA

Chieh-Ju Hsu

Financial Supervisory Commission Approval Number: FSC-Securities-Review No. 1120348565 FSC-Securities-Review No. 1100348083

November 12, 2025

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PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

SEPTEMBER 30, 2025, DECEMBER 31, 2024, AND SEPTEMBER 30, 2024

(Expressed in thousands of New Taiwan dollars)

Assets	Notes	September 30, 2025 Amount % $ 6,638,669 29 76,506 - 291,597 1 111,470 - 2,924,877 13 2,361,543 10 125,540 1 3,322,950 15 225,774 1 16,078,926 70 1,606,459 7 291,709 1 532,885 3 3,731,811 16 387,228 2 104,978 1 69,029 - 50,556 - 70,436 - 6,845,091 30 $ 22,924,017 100	December 31, 2024 Amount % $ 6,754,713 27 11,767 - 940,684 4 425,217 2 3,391,375 14 1,863,560 8 136,115 - 3,793,072 15 259,804 1 17,576,307 71 1,589,978 7 290,000 1 583,344 2 3,830,436 16 471,685 2 107,375 1 67,514 - 50,416 - 71,049 - 7,061,797 29 $ 24,638,104 100	September 30, 2024	September 30, 2024
		Amount $ 6,638,669 76,506 291,597 111,470 2,924,877 2,361,543 125,540 3,322,950 225,774 16,078,926 1,606,459 291,709 532,885 3,731,811 387,228 104,978 69,029 50,556 70,436 6,845,091 $ 22,924,017	Amount $ 6,754,713 11,767 940,684 425,217 3,391,375 1,863,560 136,115 3,793,072 259,804 17,576,307 1,589,978 290,000 583,344 3,830,436 471,685 107,375 67,514 50,416 71,049 7,061,797 $ 24,638,104	Amount $ 6,055,082 11,879 1,270,859 415,892 3,500,723 2,459,678 102,797 3,653,873 266,618 17,737,401 1,703,909 290,000 631,525 3,842,770 509,304 106,646 67,616 58,051 71,059 7,280,880 $ 25,018,281	%
Current Assets 1100 Cash and Cash Equivalents 1110 Financial Assets Measured at Fair Value through Profit or Loss - Current 1136 Financial Assets Measured at Amortized Cost - Current 1150 Notes Receivable, Net 1170 Accounts Receivable, Net 1180 Accounts Receivable - Related Parties, Net 1200 Other Receivables 130X Inventories 1470 Other Current Assets 11XX Total Current Assets Non-current Assets 1517 Financial assets measured at fair value through other comprehensive income - non- current 1535 Financial Assets Measured at Amortized Cost - Non-current 1550 Investments Accounted for Using Equity Method 1600 Property, Plant and Equipment 1755 Right-of-use Assets 1760 Net Investment Property 1780 Intangible Assets 1840 Deferred Income Tax Assets 1900 Other Non-current Assets 15XX Total Non-current Assets 1XXX Total Assets	6(1) 6(2) 6(3) and 8 6(4) 6(4) 7 6(5) 6(6) 6(3) and 8 6(7) and 8 6(8) and 8 6(9), 7 and 8 6(10) and 8 6(11)				24 - 5 2 14 10 - 15 1
					71
					7 1 3 15 2 1 - - -
					29
					100

(Continued)

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PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

SEPTEMBER 30, 2025, DECEMBER 31, 2024, AND SEPTEMBER 30, 2024

(Expressed in thousands of New Taiwan dollars)

					**September 30, 2025 **	**September 30, 2025 **			December 31, 2024	December 31, 2024			September 30, 2024	September 30, 2024
	Liabilities and Equity	Notes			Amount	**% **			Amount	**% **			Amount	%
	Current Liabilities
2100	Short-term Borrowings	6(12)		$	772,954		3	$	1,039,279		4	$	1,102,555	4
2120	Financial Liabilities Measured	6(2)
	at Fair Value through Profit or
	Loss - Current				681		-		-		-		-	-
2130	Contract Liabilities - Current	6(20) and 7			111,857		1		104,053		1		132,013	1
2150	Notes Payable				191,783		1		881,634		4		1,382,395	6
2170	Accounts Payable				2,927,961	13			3,469,237	14			3,113,058	13
2180	Accounts Payable - Related	7
	Parties				876,730		4		774,476		3		713,718	3
2200	Other Payables	6(13)			1,230,717		5		1,149,598		5		1,273,561	5
2230	Current Income Tax Liabilities				76,981		-		77,856		-		94,634	-
2280	Lease Liabilities - Current				105,007		1		104,036		-		104,231	-
2300	Other Current Liabilities				20,351		-		18,567		-		13,478	-
21XX	Total Current Liabilities				6,315,022	28			7,618,736	31			7,929,643	32
	Non-Current Liabilities
2570	Deferred Income Tax
	Liabilities				328,182		1		309,814		1		363,608	1
2580	Lease Liabilities - Non-Current				111,892		1		185,056		1		212,804	1
2600	Other Non-Current Liabilities				54,291		-		38,631		-		38,971	-
25XX	Total Non-Current
	Liabilities				494,365		2		533,501		2		615,383	2
2XXX	Total Liabilities				6,809,387	30			8,152,237	33			8,545,026	34
	Equity attributable to owners of
	parent company
	Share Capital	6(15)
3110	Common Stock Capital				5,183,462	23			5,183,462	21			5,183,462	21
	Capital surplus	6(16)
3200	Capital surplus				1,503,606		7		1,503,606		6		1,503,606	6
	Retained earnings	6(17)
3310	Legal reserve				1,641,445		7		1,526,876		6		1,526,876	6
3320	Special reserve				1,009,922		4		1,410,735		6		1,410,735	6
3350	Unappropriated retained
	earnings				6,011,565	26			5,664,293	23			5,353,187	21
	Other equity	6(18)
3400	Other equity		(		1,433,359) (		6) (		1,009,923) (		4) (		750,105) (	3)
31XX	Total Equity Attributable
	to Owners of Parent
	Company				13,916,641	61			14,279,049	58			14,227,761	57
36XX	Non-controlling interests	6(19)			2,197,989		9		2,206,818		9		2,245,494	9
3XXX	Total Equity				16,114,630	70			16,485,867	67			16,473,255	66
3X2X	Total Liabilities and Equity			$	22,924,017	100		$	24,638,104	100		$	25,018,281	100

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

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PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars, except for earnings per share amount)

					For the Three	For the Three			For the Three	For the Three			For the Nine				For the Nine
					Months Ended				Months Ended				Months Ended				Months Ended
				September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
	Items	Notes			Amount	%			Amount	%			Amount	%			Amount	%
4000	Operating Revenue	6(20) and 7		$	5,371,007	100		$	6,010,532	100		$	16,818,482	100		$	16,114,520	100
5000	Operating Costs	6(5) and 7	(		4,681,616)(	87) (			5,095,795) (	85) (			14,776,152) (	88 ) (			13,858,993) (	86)
5900	Gross Profit				689,391	13			914,737	15			2,042,330	12			2,255,527	14
	Operating Expenses	6(23)
6100	Selling Expenses		(		70,687 ) (		1) (		74,572) (		1) (		202,456) (		1 ) (		225,404) (	2 )
6200	General and Administrative Expenses		(		206,584 ) (		4) (		240,013) (		4) (		583,502) (		3 ) (		649,309) (	4 )
6300	Research and Development Expenses		(		122,558 ) (		2) (		120,650) (		2) (		315,924) (		2 ) (		359,635) (	2 )
6450	Impairment loss determined in accordance with IFRS 9	12(2)			315		-		3,665		-		1,747		- (		2,387)	-
6000	Total Operating Expenses		(		399,514)(		7) (		431,570) (		7) (		1,100,135) (		6 ) (		1,236,735) (	8)
6900	Operating Profit				289,877		6		483,167		8		942,195		6		1,018,792	6
	Non-operating Income and Expenses
7100	Interest Income				31,803		1		37,827		1		99,895		-		114,856	1
7010	Other Income	6(21)			26,945		-		27,946		-		107,331		1		105,152	-
7020	Other Gains and Losses	6(22)			17,940		- (		123,072) (		2) (		22,018)		- (		47,916)	-
7050	Finance Costs	6(24)	(		11,920 )		- (		17,016)		- (		29,063)		- (		52,183)	-
7060	Share of Profit (Loss) of Associates and Joint Ventures	6(7)
	Accounted for Using Equity Method				2,215		- (		9,000)		- (		40,245)		- (		32,781)	-
7000	Total Non-operating Income and Expenses				66,983		1 (		83,315) (		1)		115,900		1		87,128	1
7900	Net income before income tax				356,860		7		399,852		7		1,058,095		7		1,105,920	7
7950	Income Tax Expense	6(25)	(		169,441)(		3) (		88,773) (		2) (		336,890) (		2 ) (		266,960) (	2)
8200	Net income for the period			$	187,419		4	$	311,079		5	$	721,205		5	$	838,960	5

(Continued)

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PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars, except for earnings per share amount)

Items	Notes	For the Three Months Ended September 30, 2025 Amount % $ 195,771 4 195,771 4 516,372 9 516,372 9 $ 712,143 13 $ 899,562 17 $ 172,759 4 14,660 - $ 187,419 4 $ 799,667 15 99,895 2 $ 899,562 17 $ 0.33 $ 0.33	For the Three Months Ended September 30, 2024 Amount % $ 80,535 2 80,535 2 561,360 9 561,360 9 $ 641,895 11 $ 952,974 16 $ 287,965 5 23,114 - $ 311,079 5 $ 699,588 12 253,386 4 $ 952,974 16 $ 0.56 $ 0.55	For the Nine Months Ended September 30, 2025 Amount % $ 131,262 1 131,262 1 ( 590,988)( 4 ) ( 590,988)( 4 ) ($ 459,726)( 3 ) $ 261,479 2 $ 631,209 5 89,996 - $ 721,205 5 $ 207,773 2 53,706 - $ 261,479 2 $ 1.22 $ 1.22	For the Nine Months Ended September 30, 2024	For the Nine Months Ended September 30, 2024
		Amount $ 195,771 195,771 516,372 516,372 $ 712,143 $ 899,562 $ 172,759 14,660 $ 187,419 $ 799,667 99,895 $ 899,562 $	Amount $ 80,535 80,535 561,360 561,360 $ 641,895 $ 952,974 $ 287,965 23,114 $ 311,079 $ 699,588 253,386 $ 952,974 $	Amount $ 131,262 131,262 ( 590,988) ( 590,988) ($ 459,726) $ 261,479 $ 631,209 89,996 $ 721,205 $ 207,773 53,706 $ 261,479 $	Amount $ 107,833 107,833 935,707 935,707 $ 1,043,540 $ 1,882,500 $ 733,101 105,859 $ 838,960 $ 1,495,214 387,286 $ 1,882,500 $	**% **
Items Not to Be Reclassified to Profit or Loss 8316 Unrealized Gain on Investments in Equity Instruments Measured at Fair Value Through Other Comprehensive Income 8310 Items That Will Not Be Reclassified to Profit or Loss Income Tax Related to Items That May Be Reclassified to Profit or Loss 8361 Exchange Differences on Translation of Foreign Operations 8360 Total of Items That May Be Reclassified to Profit or Loss 8300 Other Comprehensive Income (Net) 8500 Total Comprehensive Income for the Period Net Income Attributable to: 8610 Owners of Parent Company 8620 Non-controlling interests Total Comprehensive Income (Loss) Attributable to: 8710 Owners of Parent Company 8720 Non-controlling interests Earnings per share 9750 Basic earnings per share 9850 Diluted earnings per share	6(18) 6(18) 6(26)					1
						1
						6
						6
						7
						12
						4 1
						5
						10 2
						12
						1.41
		$	$	$	$	1.41

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

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PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

Nine months ended September 30, 2024 Balance as of January 1, 2024 Consolidated net income Other Comprehensive Income (loss) Total Comprehensive Income (loss) 2023 Earnings Distribution and Appropriation: Legal reserve Special reserve Cash Dividends for common stock Changes in non-controlling interests Disposal of Investments in Equity Instruments Measured a Fair Value Through Other Comprehensive Income Balance as of September 30 , 2024 Nine months ended September 30, 2025 Balance as of January 1, 2025 Consolidated net income Other Comprehensive Income (loss) Total Comprehensive Income (loss) 2024 Earnings Distribution and Appropriation: Legal reserve Reversal of special reserve Cash dividends for common stock Changes in non-controlling interests Balance as of September 30 , 2025	Notes		Equity attributable to	Equity attributable to	Equity attributable to	owners ofparent company		Total $13,406,397 733,101 762,113 1,495,214 - - ( 673,850) - - $14,227,761 $14,279,049 631,209 ( 423,436) 207,773 - - ( 570,181) - $13,916,641	Non- controlling interests Total Equity $1,941,812 $15,348,209 105,859 838,960 281,427 1,043,540 387,286 1,882,500 - - - - - ( 673,850 ) ( 83,604)( 83,604 ) - - $2,245,494 $16,473,255 $2,206,818 $16,485,867 89,996 721,205 ( 36,290)( 459,726 ) 53,706 261,479 - - - - - ( 570,181 ) ( 62,535)( 62,535 ) $2,197,989 $16,114,630
		Common stock capital $5,183,462 - - - - - - - - $5,183,462 $5,183,462 - - - - - - - $5,183,462	Capital surplus Capital surplus - issuance premium Capital surplus - treasury stock transactions Capital surplus - difference between acquisition or disposal price and carrying amount of subsidiaries' equity $1,402,318 $ 98,543 $ 2,745 - - - - - - - - - - - - - - - - - - - - - - - - $1,402,318 $ 98,543 $ 2,745 $1,402,318 $ 98,543 $ 2,745 - - - - - - - - - - - - - - - - - - - - - $1,402,318 $ 98,543 $ 2,745			Retained earnings Special reserve Unappropriated retained earnings $1,385,207 $ 5,343,835 - 733,101 - - - 733,101 - ( 125,854) 25,528 ( 25,528) - ( 673,850) - - - 101,483 $1,410,735 $ 5,353,187 $1,410,735 $ 5,664,293 - 631,209 - - - 631,209 - ( 114,569) ( 400,813) 400,813 - ( 570,181) - - $1,009,922 $ 6,011,565	Other equity Exchange Differences on Translation of Foreign Operations Unrealized gains or losses on financial assets measured at fair value through other comprehensive income ( $1,142,062)( $ 268,673) - - 654,280 107,833 654,280 107,833 - - - - - - - - - ( 101,483) ( $ 487,782)( $ 262,323) ( $ 583,894)( $ 426,029) - - ( 554,698) 131,262 ( 554,698) 131,262 - - - - - - - - ( $1,138,592)( $ 294,767)
			Capital surplus - issuance premium $1,402,318 - - - - - - - - $1,402,318 $1,402,318 - - - - - - - $1,402,318	Capital surplus - treasury stock transactions $ 98,543 - - - - - - - - $ 98,543 $ 98,543 - - - - - - - $ 98,543	Legal reserve $1,401,022 - - - 125,854 - - - - $1,526,876 $1,526,876 - - - 114,569 - - - $1,641,445	Special reserve $1,385,207 - - - - 25,528 - - - $1,410,735 $1,410,735 - - - - ( 400,813) - - $1,009,922	Exchange Differences on Translation of Foreign Operations ( $1,142,062) - 654,280 654,280 - - - - - ( $ 487,782) ( $ 583,894) - ( 554,698) ( 554,698) - - - - ( $1,138,592)
	6(18)(19) 6(17) 6(19) t 6(6) 6(18)(19) 6(17) 6(19)

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

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PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

Cash Flows from Operating Activities Net Income Before Income Tax for the Period Adjustment Items Revenue and Expense Items Depreciation Expenses and Amortization Impairment loss determined in accordance with IFRS 9 Net Gain on Financial Assets and Liabilities Measured at Fair Value through Profit or Loss Interest Expenses Interest Income Dividend Income Share of Profit (Loss) of Associates Accounted for Using Equity Method Net (gains) losses on disposal of property, plant and equipment Net Changes in Operating Assets/Liabilities Net Changes in Operating Assets Notes Receivable Accounts Receivable Accounts Receivable - Related Parties Other Receivables Inventories Other Current Assets Net Changes in Operating Liabilities Contract Liabilities Notes Payable Accounts Payable Accounts Payable - Related Parties Other Payables Other Current Liabilities Other Non-Current Liabilities Cash Inflows Generated from Operations Income Tax Paid Net Cash Inflow from Operating Activities Cash Flows from Investing Activities Acquisition of Financial Assets or Liabilities Measured at Fair Value Through Profit or Loss Disposal of Financial Assets or Liabilities Measured at Fair Value Through Profit or Loss Proceeds from Disposal of Financial Assets Measured at Fair Value Through Other Comprehensive Income Decrease (Increase) in Financial Assets Measured at Amortized Cost Refund of Share Capital from Financial Assets Measured at Fair Value Through Other Comprehensive Income Acquisition of Property, Plant and Equipment Assets Proceeds from Disposal of Property, Plant and Equipment Acquisition of Intangible Assets Increase in Refundable Deposits (Increase) Decrease in Other Non-Current Assets Interest Received Dividends Received Net Cash Inflow (outflow) from Investing Activities Cash Flows from Financing Activities Increase in Short-Term Borrowings Decrease in Short-Term Borrowings Repayment of Lease Principal Cash Dividends Distribution Interest Paid Cash Dividends Paid to Non-Controlling Interests Net Cash Outflow from Financing Activities Effect of Exchange Rate Changes on Cash and Cash Equivalents Decrease in Cash and Cash Equivalents for the Period Cash and Cash Equivalents at Beginning of Period Cash and Cash Equivalents at End of Period

Notes

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

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PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

(I) History and Organization

Pan-International Industrial Corp. ("the Company") was established in the Republic of China (R.O.C). The Company and its subsidiaries (collectively referred to herein as "the Group") are primarily engaged in the development, manufacturing, and sales of electronic signal cables, connectors, connection wires, precision molds, various plugs and sockets, telecommunication devices, wireless Bluetooth devices, printed circuit boards and other computer peripherals, medical device-related products, industrial control products, as well as automotive wire harnesses, automotive parts and accessories, and intelligent in-vehicle equipment.

(II) Date and Procedures of Financial Report Approval

These consolidated financial statements were approved for issuance by the Board of Directors on November 12, 2025.

(III) Application of New Standards, Amendments and Interpretations

1. Effects of adopting new and amended International Financial Reporting Standards (IFRS) that have been endorsed and issued into effect by the Financial Supervisory Commission ("FSC")New standards, interpretations and amendments endorsed by the FSC and will become effective from 2025 are as follows:

New Standards, Interpretations and Effective date by International Amendments Accounting Standards Board Amendments to IAS 21 Lack of Exchangeability January 1, 2025

The Group has assessed that the above standards and interpretations have no significant impact on the Group's financial position and financial performance.

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

The following table summarizes the newly issued, amended and revised standards and interpretations of International Financial Reporting Standards endorsed by the FSC that are applicable in 2026:

are applicable in 2026:
New Standards, Interpretations and Amendments Amendments to IFRS 9 and IFRS 7 "Amendments to Classification and Measurement of Financial Instruments" - partial amendments Amendments to IFRS 9 and IFRS 7 "Contracts Referencing Nature-dependent Electricity" IFRS 17 "Insurance Contracts" Amendments to IFRS 17 "Insurance Contracts" Amendments to IFRS 17 "Initial Application of IFRS 17 and IFRS 9—Comparative Information" Annual Improvements to IFRS Standards - Volume 11	Effective date by International Accounting Standards Board
	January 1, 2026 January 1, 2026 January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2026

Except for those described below, the Group has assessed that the above standards and interpretations have no significant impact on the Group's financial position and financial performance:

• (1) Amendments to IFRS 9 and IFRS 7 "Amendments to Classification and Measurement of Financial Instruments" - partial amendments

• A. Clarify and provide additional guidance for assessing whether financial assets meet the Solely Payments of Principal and Interest (SPPI) criterion, including contractual terms that modify cash flows based on contingent events (e.g., interest rates linked to ESG targets), non-recourse features, and contractually linked instruments.

• B. Add requirements to disclose qualitative descriptions of the nature of contingencies for instruments with contractual terms that can modify cash flows (such as instruments with features related to achieving Environmental, Social and Governance (ESG) targets); quantitative information about the range of possible contractual cash flow modifications arising from such contractual terms; and the gross carrying amount of financial assets and amortized cost of financial liabilities under such contractual terms.

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• C. Clarify the dates for recognition and derecognition of certain financial assets and liabilities. When settling financial liabilities (or parts of financial liabilities) in cash using electronic payment systems, an entity is permitted to treat the financial liability as extinguished before the settlement date only when the entity initiates a payment instruction that results in the following circumstances:

  • (a) The entity does not have the ability to revoke, stop, or cancel the payment instruction;

  • (b) The entity does not have the practical ability to access the cash used for settlement due to the payment instruction;

  • (c) The settlement risk associated with the electronic payment system is not significant.

• D. The fair value of equity instruments designated as measured at fair value through other comprehensive income (FVOCI) through irrevocable election should be disclosed by class rather than for each individual instrument. Additionally, the fair value gains and losses recognized in other comprehensive income during the reporting period should be disclosed separately, showing the fair value gains and losses related to investments derecognized during the reporting period and those related to investments still held at the end of the reporting period; and the cumulative gains and losses transferred to equity for investments derecognized during the reporting period.

• Impact of International Financial Reporting Standards Issued by International Accounting Standards Board but Not Yet Endorsed by the Financial Supervisory Commission

The following table summarizes the new standards, amendments and revisions to standards and interpretations issued by the International Accounting Standards Board but not yet included in the International Financial Reporting Standards endorsed by the Financial Supervisory Commission:

Effective date by International Accounting New Standards, Interpretations and Amendments Standards Board Amendments to IFRS 10 and IAS 28 "Sales or To be determined by contributions of assets between an investor and its International Accounting associates or joint ventures" Standards Board IFRS 18 "Presentation and Disclosure in Financial January 1, 2027 (Note) Statements" IFRS 19 "Subsidiaries without Public January 1, 2027 Accountability: Disclosures"

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• 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 those described below, the Group has assessed that the above standards and interpretations have no significant impact on the Group's financial position and financial performance:

• (1) IFRS 18 "Presentation and Disclosure in Financial Statements"

• IFRS 18 "Presentation and Disclosure in Financial Statements" replaces IAS 1, updates the structure of the statement of comprehensive income, adds disclosure requirements for management performance measures, and strengthens the principles of aggregation and disaggregation applied to primary financial statements and notes.

(IV) Summary of Material Accounting Policies

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

1. Statement of Compliance

These consolidated financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and IAS 34 "Interim Financial Reporting" endorsed and issued into effect by the FSC.

1. Basis of Preparation

2. (1) Except for the following significant items, these consolidated financial statements have been prepared under the historical cost convention:

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

   • B. Financial assets measured at fair value through other comprehensive income measured at fair value.

   • C. Defined benefit assets (liabilities) recognized based on the net amount of pension fund assets less the present value of defined benefit obligations.

3. (2) The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Group's accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

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1. Basis of Consolidation

2. (1) Principles for Preparing Consolidated Financial Statements

   • A. The Group includes all subsidiaries in the preparation of the consolidated financial statements. Subsidiaries are entities (including structured entities) controlled by the Group. The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are consolidated from the date on which control is obtained by the Group and cease to be consolidated from the date on which control is lost.

   • B. Intercompany transactions, balances and unrealized gains or losses have been eliminated. The accounting policies of subsidiaries have been adjusted as necessary to be consistent with the policies adopted by the Group.

   • C. Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests; total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

   • D. Changes in ownership interests in subsidiaries that do not result in loss of control (transactions with non-controlling interests) are accounted for as equity transactions, i.e., transactions with owners in their capacity as owners. The difference between the adjustment amount of non-controlling interests and the fair value of the consideration paid or received is recognized directly in equity.

   • E. When the Group loses control of a subsidiary, any remaining investment in the former subsidiary is remeasured at fair value, which becomes the fair value for initial recognition as a financial asset or the cost for initial recognition as an investment in an associate or joint venture. The difference between the fair value and carrying amount is recognized in profit or loss. All amounts previously recognized in other comprehensive income in relation to that subsidiary are reclassified from equity to profit or loss.

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(2) Subsidiaries included in the consolidated financial statements:

Name of investing company	**Name of subsidiary **	Nature of business	Percentage of ownership	Percentage of ownership	Percentage of ownership	Description
			September 30, 2025	December 31, 2024	September 30, 2024
Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Yann-Yang Investment Corp. Pan Global Holding Co., Ltd. Pan Global Holding Co., Ltd. Pan Global Holding Co., Ltd. Pan Global Holding Co., Ltd. Tekcon Electronics Corp. Tekcon Bahamas Ltd.. P.I.E. Industrial Berhad P.I.E. Industrial	Pan-International Electronics, Inc. (PIU) Pan-International Electronics, Inc. (PGH) Yann-Yang Investment Corp. Pan-International Electronics (Thailand) Co., Ltd. Global Greenchain Innovation Sdn. Bhd. Tekcon Electronics Corp. P.I.E. Industrial Berhad Beyond Achieve Enterprises Limited Team Union International Ltd. East Honest Holdings Limited Tekcon Bahamas Ltd. Tekcon Huizhou Electronics Co., Ltd. Pan-International Wire & Cable (Malaysia) Sdn. Bhd. Pan-International	Engaged in the import and sale of various electronic products. Engaged in reinvestment in Asia Pacific and Mainland China businesses, and the production and manufacturing of electronic signal cables, connectors, and computer peripheral products. Engaged in domestic investment business. Production and sale of connecting cables. Production and sales of electronic products. Engaged in the manufacturing, OEM production, and sales of various electronic products. A holding company for overseas reinvestment business. A holding company for overseas reinvestment business. A holding company for overseas reinvestment business. A holding company for overseas reinvestment business. A holding company for overseas reinvestment business. Manufacturing of connectors and connection cables on an OEM basis. Production and sales of electric wires. Production and sales	100 100 100 45 100 83.58 51.42 100 100 100 100 100 100 100	100 100 100 45 - 83.58 51.42 100 100 100 100 100 100 100	100 100 100 45 - 83.58 51.42 100 100 100 100 100 100 100	(5) (2) (5) (5) (5) (5)

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Name of investing company	**Name of subsidiary **	Nature of business	Percentage of ownership	Percentage of ownership	Percentage of ownership	Description
			September 30, 2025	December 31, 2024	September 30, 2024
Berhad P.I.E. Industrial Berhad Pan-International Electronics (Malaysia) Sdn. Bhd. Pan-International Electronics (Malaysia) Sdn. Bhd. Beyond Achieve Enterprises Limited Team Union International Ltd. Team Union International Ltd. East Honest Holdings Limited Honghuasheng Precision Electronics (YanTai) Co., Ltd. Pan-International Precision Electronic Co., Ltd. Pan-International Precision Electronic Co., Ltd. Pan-International Precision Electronic Co., Ltd. CJ Electric Systems Co., Ltd. CJ Electric Systems Co., Ltd. CJ Electric Systems Co., Ltd. CJ Electric Systems Co., Ltd.	Electronics (Malaysia) Sdn. Bhd. Pan-International Electronics (Thailand) Co., Ltd. PIE Enterprise (M) Sdn. Bhd. P.I.W. Enterprise (Malaysia) Sdn. Bhd. Newocean Precision Component (Jiangxi) Co.,Ltd Pan-International Precision Electronic Co., Ltd. Chaohu Ruichang Electric System Co., Ltd. Honghuasheng Precision Electronics (YanTai) Co., Ltd. CJ Electric Systems Co., Ltd. Pan-International Sunrise Trading Corp. CJ Electric Systems Co., Ltd. YiBing Pan- International Vehicle Wire Co., Ltd. Chaohu Ruichang Electric System Co., Ltd. Ordos City Ruichang ElectriSystem Co., Ltd. WuhuHerzhong Smart Technology Co., Ltd. Anqing Ruiyu Automotive Electrical System Co., Ltd.	of cables and electronic products. Production and sale of connecting cables. Sales of cables and electronic products. Sales of electric wires. Production and operation of various plugs, sockets, telecommunications and communications, etc. Production and sales of electric wires. Production and sales of automotive wire harness products. Production and assembly of printed circuit boards, etc. Production and sales of automotive wire harness products. Sales of cables, computer accessories, wireless Bluetooth devices, and turnkey solutions. Production and sales of automotive wire harness products. Manufacturing of automotive parts and accessories, intelligent in-vehicle equipment, etc. Production and sales of automotive wire harness products. Production and sales of automotive wire harness products. Production and sales of automotive wire harness products. Production and sales of automotive wire harness products.	55 100 100 100 100 58 100 30.35 100 69.65 100 42 100 100 48.78	55 100 100 100 100 58 100 25.37 100 74.63 100 42 100 100 48.78	55 100 100 100 100 58 100 25.37 100 74.63 100 42 100 100 48.78	(1) (5) (1) (3)

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Name of investing company	**Name of subsidiary **	Nature of business	Percentage of ownership	Percentage of ownership	Percentage of ownership	Description
			September 30, 2025	December 31, 2024	September 30, 2024
CJ Electric Systems Co., Ltd. Ordos City Ruichang ElectriSystem Co., Ltd.	Ruiyu Hui (Shanghai) Parts Co., Ltd. Anqing Ruiyu Automotive Electrical System Co., Ltd.	Research and development of automotive wire harness products. Production and sales of automotive wire harness products.	70 51.22	- 51.22	- 51.22	(4)

• A. In the second quarter of 2025, the Company's subsidiary Honghuasheng Precision Electronics (YanTai) Co., Ltd. increased capital investment in its subsidiary CJ Electric Systems Co., Ltd., which resulted in the shareholding ratio of Pan-International Precision Electronic Co., Ltd. in that company decreasing to 69.65%. The combined shareholding ratio of Honghuasheng Precision Electronics (YanTai) Co., Ltd. and PanInternational Precision Electronic Co., Ltd. in that company is 100%.

• B. GLOBAL GREENCHAIN INNOVATION SDN.BHD. was established in the third quarter of 2025 and has been included in the consolidated reporting entities since its establishment.

• C. Wuhu Herzhong Automotive Electronics Co., Ltd. changed its name to Wuhu Herzhong Smart Technology Co., Ltd. in the third quarter of 2025.

• D. Ruiyu Hui (Shanghai) Parts Co., Ltd. was established in the third quarter of 2025 and has been included in the consolidated reporting entities since its establishment.

• E. The financial reports as of September 30, 2025 and 2024 have not been reviewed by accountants.

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• (3) Subsidiaries not included in the consolidated financial statements: None.

• (4) Adjustments and handling methods for subsidiaries with different accounting periods: None.

• (5) Significant restrictions: None.

• (6) Subsidiaries with non-controlling interests that are material to the Group

• The Group's total non-controlling interests as of September 30, 2025, December 31, 2024, and September 30, 2024 were NT$2,197,989, NT$2,206,818, and NT$2,245,494, respectively. The following information pertains to noncontrolling interests and their corresponding subsidiaries that are material to the Group:

Group:
Name of subsidiary	Principal place of business			Non-controlling interests
		September 30, 2025		December 31, 2024		September 30, 2024
		Amount	Percentage of ownership	Amount	Percentage of ownership	Amount	Percentage of ownership
P.I.E. Industrial Berhad	Malaysia	$2,178,415	49	$2,188,574	49	$2,226,522	49

Summarized financial information of P.I.E. Industrial Berhad:

Balance sheet

Balance sheet
		September 30,		December 31,		September 30,
			2025		2024		2024
Current Assets		$	3,811,601	$	4,054,927	$	4,260,714
Non-Current Assets			2,023,063		2,059,190		2,065,110
Current Liabilities	(		1,160,413 ) (		1,406,131 ) (		1,469,990) )
Non-Current Liabilities	(		20,328 ) (		24,486 ) (		85,068 )
Total Net Assets		$	4,653,923	$	4,683,500	$	4,770,766

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Statement of comprehensive income

					Three months
			Three months		ended
		ended September			September 30,
			30, 2025		2024
Revenue		$	1,449,007	$	1,774,664
Profit before income tax			39,853		79,416
Income tax expense	(		11,012 ) (		16,674 )
Profit for the period			28,841		62,742
Other comprehensive income (net
of tax) Other comprehensive
income (loss), net of tax			825 (		108,563 )
Total comprehensive Income for
the period		$	29,666 (	$	45,821 )
Total comprehensive income
attributable to non-controlling
interests		$	14,803 (	$	21,443 )
Dividends paid to non-controlling
interests		$	-	$	-
					Nine months
			Nine months		ended
		ended September			September 30,
			30, 2025		2024
Revenue		$	5,110,724	$	5,010,667
Profit before income tax			226,370		314,259
Income Tax Expense	(		49,691 ) (		72,504 )
Profit for the period			176,679		241,755
Other comprehensive income
(loss), net of tax			51,128 (		9,156 )
Total comprehensive income for
the period		$	227,807	$	232,599
Total comprehensive income
attributable to non-controlling
interests		$	113,434	$	114,064
Dividends paid to non-controlling
interests		$	62,535	$	83,604

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Statement of cash flows

Statement of cash flows
					Nine months
			Nine months		ended
		ended September			September 30,
			30, 2025		2024
Net cash inflow from operating		$	433,829	$	723,325
activities
Net cash outflow from investing
activities	(		226,509 ) (		510,164 )
Net cash inflow (outflow) from
financing activities	(		124,899 ) (		41,101 )
Effect of exchange rate changes on
cash and cash equivalents			81,747		22,779
Increase in cash and cash
equivalents for the period			164,168		194,839
Cash and cash equivalents at
beginning of period			748,100		416,440
Cash and cash equivalents at end of
period		$	912,268	$	611,279

1. Foreign currency translation

2. (1) These consolidated financial statements are presented in New Taiwan Dollars (NTD), which is the Company's functional currency.

3. (2) Foreign currency transactions and balances

   • A. Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation. Translation differences arising from such transactions are recognized in current profit or loss.

   • B. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rates prevailing at the balance sheet date. Translation differences arising from such adjustments are recognized in current profit or loss.

   • C. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value through profit or loss are translated at the exchange rates prevailing at the balance sheet date, with translation differences recognized in current profit or loss; those measured at fair value through other comprehensive income are translated at the exchange rates prevailing at the balance sheet date, with translation differences recognized in other comprehensive income; those not measured at fair value are measured using the historical exchange rates at the dates of initial transactions.

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• D. All foreign exchange gains and losses are reported in "Other gains and losses" in the income statement.

• (3) Translation of foreign operations

• A. For all group entities and associates whose functional currency differs from the presentation currency, their operating results and financial position are translated into the presentation currency in the following manner:

  • (a) Assets and liabilities presented in each balance sheet are translated at the closing exchange rate at the date of that balance sheet;

  • (b) Income and expenses presented for each statement of comprehensive income are translated at the average exchange rates of that period; and

  • (c) All resulting exchange differences are recognized in other comprehensive income.

• B. When the foreign operation that is a subsidiary is partially disposed of or sold, the cumulative translation differences recognized in other comprehensive income are proportionally redistributed to the noncontrolling interests of that foreign operation. However, when the Group loses control over a foreign operation that is a subsidiary, even though it retains partial ownership interest, it is treated as a disposal of the entire interest in that foreign operation.

• C. Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing exchange rate at the balance sheet date.

5. Classification of current and non-current items.

• (1) Assets that meet any of the following criteria are classified as current assets; otherwise they are classified as non-current assets:

• A. Expected to be realized in the normal operating cycle, or intended to be sold or consumed.

• B. Held primarily for trading purposes.

• C. Expected to be realized within twelve months after the balance sheet date. D. Cash or cash equivalents, unless restricted from being exchanged or used to settle a liability for at least twelve months after the balance sheet date.

• (2) Liabilities that meet any of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities:

• A. Expected to be settled within the normal operating cycle.

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• B. Held primarily for trading purposes.

• C. To be settled within twelve months after the balance sheet date.

• D. The entity does not have the right to defer settlement of the liability for at least twelve months after the reporting period. Expected to be settled in the normal operating cycle.

• Cash equivalents

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. Time deposits that meet the above definition and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.

1. Financial assets measured at fair value through profit or loss

2. (1) These are financial assets that are neither at amortized cost nor at fair value through other comprehensive income.

3. (2) On a regular way purchase or sale basis, financial assets and liabilities measured at fair value through profit or loss are recognized and derecognized using trade date accounting.

4. (3) The Group measures these financial assets measured at fair value at initial recognition, with transaction costs recognized in profit or loss. Subsequently, they are at fair value with gains or losses recognized in profit or loss.

5. (4) When the right to receive dividends is established, the economic benefits associated with the dividends are likely to flow in, and the dividend amount can be reliably measured, the Group recognizes dividend income in profit or loss.

6. Financial assets measured at fair value through other comprehensive income

7. (1) These refer to equity instrument investments not held for trading where an irrevocable election is made at initial recognition to present changes in fair value in other comprehensive income; or debt instrument investments that meet both of the following conditions:

   • A. The financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets.

   • B. The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

8. (2) The Group adopts trade date accounting for financial assets measured at fair value through other comprehensive income that meet regular way transactions.

9. (3) The Group measures such assets measured at fair value plus transaction costs at

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initial recognition, and subsequently at fair value:

  - A. For equity instruments, changes in fair value are recognized in other comprehensive income. Upon derecognition, the cumulative gains or losses previously recognized in other comprehensive income cannot be reclassified to profit or loss but are transferred to retained earnings. When the right to receive dividends is established, the economic benefits associated with the dividends are likely to flow in, and the dividend amount can be reliably measured, the Group recognizes dividend income in profit or loss.

  - B. For debt instruments, changes in fair value are recognized in other comprehensive income. Impairment losses, interest income and foreign exchange gains and losses are recognized in profit or loss before derecognition. Upon derecognition, the cumulative gains or losses previously recognized in other comprehensive income are reclassified from equity to profit or loss.

1. Financial assets measured at amortized cost

2. (1) These refer to financial assets that simultaneously meet the following conditions:

   • A. The financial asset is held within a business model whose objective is to collect contractual cash flows.

   • B. The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

3. (2) The Group adopts trade date accounting for financial assets measured at amortized cost that meet regular way transactions.

4. (3) The Group initially measures these assets measured at fair value plus transaction costs, and subsequently recognizes interest income using the effective interest method over the circulation period, recognizes impairment losses, and recognizes gains or losses in profit or loss upon derecognition.

5. (4) The Group holds time deposits that do not qualify as cash equivalents. Due to their short holding periods, the impact of discounting is insignificant, and they are measured at the investment amount.

6. Accounts and notes receivable

7. (1) These refer to accounts and notes receivable that represent unconditional rights to receive consideration in exchange for goods or services transferred, as stipulated in contracts.

8. (2) For non-interest-bearing short-term accounts and notes receivable, due to the insignificant impact of discounting, the Group measures them at the original invoice amount. Impairment of Financial Assets

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11. Impairment of financial assets

At each balance sheet date, the Group considers all reasonable and supportable information (including forward-looking information) for financial assets measured at amortized cost. For assets without a significant increase in credit risk since initial recognition, the allowance for losses is measured at the amount of 12-month expected credit losses. For assets with a significant increase in credit risk since initial recognition, the allowance for losses is measured at the amount of lifetime expected credit losses. For trade receivables or contract assets that do not contain a significant financing component, the allowance for losses is measured at the amount of lifetime expected credit losses.

12. Derecognition of financial assets

The Group derecognizes a financial asset when its contractual rights to receive cash flows from the financial asset expire.

1. Lessor's lease transactions - operating leases Lease income from an operating lease -

(net of any incentives given to the lessee) is recognized in profit or loss on a straight line basis over the lease term.

14. Inventories

Inventories are measured at the lower of cost and net realizable value, with cost determined using the weighted average method. The cost of finished goods and work in progress includes raw materials, direct labor, other direct costs and productionrelated manufacturing overhead (allocated based on normal operating capacity), but excludes borrowing costs. When comparing cost and net realizable value, the item-byitem comparison method is used. Net realizable value refers to the estimated selling price in the normal course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

15. Investments accounted for using equity method/associates

• (1) Associates are entities over which the Group has significant influence but not control, generally accompanying a direct or indirect shareholding of 20% or more of the voting rights. The Group's investments in associates are accounted for using the equity method and are recognized at cost upon acquisition.

• (2) The Group's share of its associates' post-acquisition profits or losses is recognized in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income. When the Group's share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognize further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.

• (3) When changes in an associate's equity are not recognized in profit or loss or other comprehensive income of the associate and such changes do not affect the Group's shareholding percentage in the associate, the Group recognizes the

~ 26 ~

proportionate share of ownership changes as "Capital Surplus".

• (4) Unrealized gains and losses from transactions between the Group and its associates have been eliminated in proportion to the Group's interest in the associates; unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been adjusted where necessary to ensure consistency with the policies adopted by the Group.

• (5) When the Group disposes of an associate and loses significant influence over it, the amounts previously recognized in other comprehensive income in relation to the associate are accounted for on the same basis as would be required if the Group had directly disposed of the related assets or liabilities. That is, when a gain or loss previously recognized in other comprehensive income would be reclassified to profit or loss on the disposal of the related assets or liabilities, such gain or loss is reclassified from equity to profit or loss when the significant influence over the associate is lost. If significant influence over the associate is retained, only a proportionate share of the amounts previously recognized in other comprehensive income is reclassified according to the above method.

• (6) When the Group disposes of an associate and loses significant influence over it, the capital surplus related to the associate is reclassified to profit or loss; if significant influence over the associate is retained, the capital surplus is reclassified to profit or loss in proportion to the disposal.

• Property, plant and equipment

• (1) Property, plant and equipment are recorded at acquisition cost, with related interest capitalized during the construction period.

• (2) Subsequent costs are included in the asset's carrying amount or recognized as a separate asset only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part should be derecognized. All other maintenance costs are recognized in profit or loss when incurred.

• (3) The subsequent measurement of property, plant and equipment follows the cost model, and except for land which is not depreciated, other assets are depreciated using the straight-line method over their estimated useful lives. If components of property, plant and equipment are significant, they are depreciated separately.

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• (4) At the end of each financial year, the Group reviews the residual value, useful life, and depreciation method of each asset. If the expected residual value and useful life differ from previous estimates, or if there has been a significant change in the expected pattern of consumption of future economic benefits embodied in the asset, the changes are accounted for as changes in accounting estimates in accordance with IAS 8 "Accounting Policies, Changes in Accounting Estimates and Errors" from the date of change. The useful lives of various assets are as follows:

Buildings and structures 15-51 years Machinery and equipment 3-9 years Others 1-6 years

17. Lessee's lease transactions - right-of-use assets/lease liabilities

• (1) Right-of-use assets and lease liabilities are recognized on the date when the leased assets become available for use by the Group. When the lease contract is a short-term lease or a lease of low-value assets, lease payments are recognized as expenses on a straight-line basis over the lease term.

• (2) Lease liabilities are recognized at the present value of the unpaid lease payments discounted using the Group's incremental borrowing rate on the lease commencement date. Lease payments include fixed payments, less any lease incentives receivable.

Subsequently measured at amortized cost using the interest method, with interest expense recognized over the lease term. When there are changes in the lease term or lease payments not arising from contract modifications, the lease liabilities are reassessed and the remeasurement adjustments are made to the right-of-use assets.

• (3) Right-of-use assets are recognized at cost on the lease commencement date, with the cost measured based on the initial amount of the lease liabilities.

Subsequently measured using the cost model, with depreciation expense recognized over the shorter of the useful life of the right-of-use asset or the lease term. When lease liabilities are reassessed, right-of-use assets are adjusted for any remeasurement of the lease liabilities.

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18. Investment property

Investment property is recognized at acquisition cost and subsequently measured using the cost model. Except for land, depreciation is recognized using the straight-line method over the estimated useful life of 15 ～ 51 years.

19. Intangible assets

• (1) Goodwill arises from business combinations using the acquisition method.

• (2) Computer software is recognized at acquisition cost and amortized on a straightline basis over its estimated useful life of 3-10 years.

20. Impairment of non-financial assets

• (1) At the balance sheet date, the Group estimates the recoverable amount for assets with indications of impairment. When the recoverable amount is lower than its carrying amount, an impairment loss is recognized. The recoverable amount refers to the higher of an asset's fair value less costs of disposal or its value in use. Except for goodwill, when previously recognized impairment losses no longer exist or have decreased, the impairment losses are reversed. However, the increased carrying amount of an asset due to reversal of impairment loss shall not exceed the carrying amount that would have been determined (net of depreciation or amortization) had no impairment loss been recognized for the asset in prior years.

• (2) Goodwill is regularly assessed for its recoverable amount. When the recoverable amount is lower than its carrying amount, an impairment loss is recognized. Impairment losses recognized for goodwill are not reversed in subsequent years.

• (3) For impairment testing purposes, goodwill is allocated to cash-generating units. This allocation is based on operating segments, allocating goodwill to cashgenerating units or groups of cash-generating units that are expected to benefit from the business combination that generated the goodwill.

21. Borrowings

Refers to short-term funds borrowed from banks. At initial recognition, the Group measures borrowings measured at fair value less transaction costs. Subsequently, any difference between the proceeds (net of transaction costs) and the redemption value is recognized as interest expense in profit or loss over the circulation period using the effective interest method.

22. Notes and accounts payable

• (1) Refers to obligations incurred from credit purchases of raw materials, goods or services, and notes payable arising from both operating and non-operating activities.

~ 29 ~

• (2) For non-interest bearing short-term accounts and notes payable, due to the insignificant effect of discounting, the Group measures them at the original invoice amount.

23. Financial liabilities measured at fair value through profit or loss

• (1) Refers to financial liabilities that are held for trading, which are principally acquired for the purpose of repurchasing in the near term, and derivative instruments that are not designated as hedging instruments under hedge accounting.

• (2) The Group measures these financial assets measured at fair value at initial recognition, with transaction costs recognized in profit or loss. Subsequently, they are at fair value with gains or losses recognized in profit or loss.

24. Derecognition of financial liabilities

The Group derecognizes financial liabilities when the obligations specified in the contract are fulfilled, cancelled, or expired.

25. Offsetting of financial assets and liabilities

Financial assets and financial liabilities are offset and presented as a net amount in the balance sheet when there is a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or to realize the assets and settle the liabilities simultaneously.

1. Non-hedging derivatives and embedded derivatives

Non-hedging derivatives are initially measured at fair value on the date when the contract is signed and are recorded as financial assets or liabilities measured at fair value through profit or loss. Subsequently, they are measured at fair value with gains or losses recognized in profit or loss.

27. Provisions

Provisions (including warranties, etc.) are recognized when there is a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and the amount of the obligation can be reliably estimated. Provisions are measured at the present value of the best estimate of expenditures required to settle the obligation at the balance sheet date. The discount rate used reflects current market assessments of the time value of money and the risks specific to the liability. The amortization of discounting is recognized as interest expense. Future operating losses shall not be recognized as provisions.

~ 30 ~

28. Employee benefits

• (1) Short-term Employee Benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid and recognized as expenses when the related services are provided.

• (2) Pension

• A. Defined Contribution Plans

For defined contribution plans, the contributions to be made to pension funds are recognized as pension costs in the current period on an accrual basis. Prepaid contributions are recognized as assets to the extent that they can result in cash refunds or reductions in future payments.

• B. Defined Benefit Plans

• (a) Net obligations under defined benefit plans are calculated by discounting the amount of future benefits that employees have earned in the current or prior periods, and are measured at the present value of the defined benefit obligations at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by actuaries using the projected unit credit method. The discount rate is determined by reference to market yields of high-quality corporate bonds that match the currency and maturity period of the defined benefit plans at the balance sheet date. In countries where there is no deep market for high-quality corporate bonds, the market yields of government bonds (at the balance sheet date) are used.

• (b) Remeasurements arising from defined benefit plans are recognized in other comprehensive income when incurred and presented in retained earnings.

• (c) Pension costs for the interim period are calculated based on the pension cost rate determined by actuarial valuation at the end of the prior financial year, covering the period from the beginning of the year to the end of the current period. If there are significant market fluctuations, curtailments, settlements, or other significant one-time events after that end date, adjustments are made and related information is disclosed in accordance with the aforementioned policies.

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• (3) Employee Compensation and Directors' Remuneration

Employee compensation and directors' remuneration are recognized as expenses and liabilities when there is a legal or constructive obligation and the amount can be reasonably estimated. When there is a difference between the actual distribution amount subsequently resolved and the estimated amount, it is treated as a change in accounting estimate.

1. Income tax

2. (1) Income tax expense includes current and deferred income taxes. Except for income tax related to items included in other comprehensive income or directly recognized in equity, which are respectively included in other comprehensive income or directly recognized in equity, income tax is recognized in profit or loss.

3. (2) The Group calculates current income tax based on the tax rates that have been enacted or substantively enacted at the balance sheet date in the countries where it operates and generates taxable income. Management regularly evaluates the status of income tax declarations in accordance with relevant income tax regulations, and when applicable, estimates income tax liabilities based on the expected tax payments to be made to tax authorities. The income tax imposed on undistributed earnings according to the Income Tax Act is recognized as undistributed earnings income tax expense based on the actual distribution of earnings, after the earnings distribution proposal is approved by the shareholders' meeting in the year following the year in which the earnings were generated.

4. (3) Deferred income tax is recognized using the balance sheet method, based on temporary differences between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. Deferred income tax liabilities arising from the initial recognition of goodwill are not recognized. If deferred income tax arises from the initial recognition of assets or liabilities in a transaction (excluding business combinations), and at the time of the transaction, it neither affects accounting profit nor taxable income (tax loss) and does not create corresponding taxable and deductible temporary differences, it is not recognized. If temporary differences arise from investments in subsidiaries and associates, and the Group can control the timing of the reversal of the temporary differences, and it is probable that the temporary differences will not reverse in the foreseeable future, they are not recognized. Deferred income tax is measured at the tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled.

5. (4) Deferred income tax assets are recognized to the extent that it is probable that temporary differences will be used to offset future taxable income, and unrecognized and recognized deferred income tax assets are reassessed at each balance sheet date.

~ 32 ~

• (5) Current income tax assets and liabilities are offset when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred income tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis or realize the asset and settle the liability simultaneously.

• (6) Deferred income tax assets are recognized for the carry-forward of unused tax credits resulting from purchases of equipment or technology, research and development expenditures, and equity investments, to the extent that it is probable that future taxable income will be available against which the unused tax credits can be utilized.

• (7) Income tax expense for the interim period is calculated by applying the estimated annual average effective tax rate to the pre-tax profit or loss for the interim period, and related information is disclosed in accordance with the aforementioned policies.

• (8) When tax rates change during the interim period, the Group recognizes the effect of the change in the current period. For items related to income tax that are recognized outside of profit or loss, the effect of the change is recognized in other comprehensive income or equity items. For items related to income tax that are recognized in profit or loss, the effect of the change is recognized in profit or loss.

30. Dividend distribution

Cash dividends distributed to the Company's shareholders are recognized as liabilities in the financial reports when resolved by the Company's Board of Directors, while stock dividends distributed to the Company's shareholders are recognized as stock dividends to be distributed in the financial reports when resolved by the Company's shareholders' meeting, and are reclassified as common stock on the ex-dividend date.

31. Revenue recognition

• (1) The Group manufactures and sells electronic components. Sales revenue is recognized when control of the products is transferred to customers, which occurs when the products are delivered to buyers, buyers have discretion over the sales price of the products, and the Group has no unfulfilled performance obligations that could affect customer acceptance of the products. Delivery of goods occurs when products have been shipped to the specified location, the risks of obsolescence and loss have been transferred to customers, and either the customer has accepted the products in accordance with the sales contract, or there is objective evidence that all acceptance criteria have been satisfied.

~ 33 ~

Accounts receivable are recognized when goods are delivered to customers, as from that point onwards, the Group has an unconditional right to the contract payment and only the passage of time is required before payment is collected from customers.

• (2) Payment terms for sales transactions are typically due within 30 to 120 days after shipment. Since the time interval between the transfer of promised goods or services to customers and customer payment does not exceed one year, the Group has not adjusted the transaction price to reflect the time value of money.

32. Government grants

Government grants are recognized at fair value when there is reasonable assurance that the enterprise will comply with the conditions attached to the grants and that the grants will be received. If the nature of the government grant is to compensate for expenses incurred by the Group, the government grant is recognized in profit or loss on a systematic basis over the periods in which the related expenses are incurred.

33. Operating segments

The Group's operating segment information is reported in a manner consistent with the internal management reports provided to the chief operating decision maker. The chief operating decision maker is responsible for allocating resources to operating segments and assessing their performance.

(V) Critical Accounting Judgments, Estimates and Key Sources of Assumption Uncertainty

In preparing these consolidated financial statements, management has exercised judgment in determining the accounting policies adopted and made accounting estimates and assumptions based on reasonable expectations of future events given the circumstances at the balance sheet date. The significant accounting estimates and assumptions made may differ from actual results, and will be continuously evaluated and adjusted considering historical experience and other factors. Such estimates and assumptions pose risks that may result in significant adjustments to the carrying amounts of assets and liabilities in the next financial year. Please refer to the following descriptions of critical accounting judgments, estimates and assumption uncertainties:

1. Critical judgments in applying the group's accounting policies

Recognition of Revenue on a Gross or Net Basis

Based on the transaction type and economic substance, the Group determines whether the nature of its promise to customers constitutes a performance obligation to provide specific goods or services itself (i.e., the Group acts as principal) or to arrange for another party to provide those goods or services (i.e., the Group acts as agent). When the Group controls the goods or services before they are transferred to customers, the Group acts as principal and recognizes revenue at the gross amount of consideration it expects to receive in exchange for the specified goods or services transferred. If the Group does not control the specified goods or services before they are transferred to customers, the Group acts as agent, arranging for another party to provide the specified goods or services to customers, and recognizes revenue at the amount of any fee or commission it expects to be entitled to for arranging such services.

~ 34 ~

The Group determines whether it controls the goods or services before they are transferred to customers based on the following indicators:

• (1) Has primary responsibility for fulfilling the promise to provide the specified goods or services.

• (2) Bears inventory risk before the specified goods or services are transferred to customers or after transfer of control.

• (3) Has discretion in establishing prices for the specified goods or services.

• Critical accounting estimates and assumptions

Evaluation of Inventories

Since inventories must be valued at the lower of cost or net realizable value, the Group must exercise judgment and estimates to determine the net realizable value of inventories at the balance sheet date. Due to rapid technological changes, the Group evaluates the amount of inventory that is subject to normal wear and tear, obsolescence, or has no market value at the balance sheet date, and writes down inventory costs to net realizable value. This inventory valuation is primarily based on estimated product demand for specific future periods, and therefore may be subject to significant changes. As of September 30, 2025, please refer to Note 6(5) for the carrying amount of the Group's inventories.

(VI) Details of Significant Accounts

1. Cash and Cash Equivalents

Cash on Hand and Petty Cash Checking Accounts and Demand Deposits Time Deposits Bonds Purchased under Resale Agreements	September 30, 2025 $ 361 4,313,873 2,324,435 - $ 6,638,669	December 31, 2024 $ 351 3,580,250 3,074,112 100,000 $ 6,754,713	September 30, 2024 $ 398 2,981,644 2,913,040 160,000 $ 6,055,082

• (1) The financial institutions that the Group deals with have good credit quality. The Group conducts business with multiple financial institutions to diversify credit risk, and the probability of default is very low.

• (2) The Group's pledged bank deposits as of September 30, 2025, December 31, 2024, and September 30, 2024 are classified as financial assets measured at amortized cost. Please refer to Notes 6(3) and Note 8.

~ 35 ~

2. Financial assets or liabilities measured at fair value through profit or loss

Asset items September 30, 2025 Current items: Financial Assets Mandatorily Measured at Fair Value through Profit or Loss Open-end Funds $ 76,506 Liability items September 30, 2025 Current items: Financial Liabilities Mandatorily Measured at Fair Value through Profit or Loss Forward exchange contracts ( $ 681 )	December 31, 2024 $ 11,767 December 31, 2024 $ -	September 30, 2024 $ 11,879 September 30, 2024 $ -

• (1) The Group recognized net gains of $688, net gains of $108, net gains of $10,189 and net gains of $269 from financial instruments held for the three months ended September 30, 2025 and 2024, and for the nine months ended September 30, 2025 and 2024, respectively.

• (2) Information regarding transactions and contracts of non-hedging derivative financial liabilities is described as follows:

Derivative financial liabilities	September 30, 2025	September 30, 2025
	Contract Amount (Notional Principal)	Contract Period
Current items: Forward exchange contracts	RMB (BUY) 71,010 USD (SELL) 10,000	2025/09~2025/10 2025/09~2025/10

Forward exchange contracts

The forward foreign exchange transactions signed by the Group are forward transactions to pre-sell US dollars (sell USD and buy RMB), which are intended to hedge against exchange rate risks of operating capital, but hedge accounting is not applied.

~ 36 ~

• (3) The Group has not pledged financial assets measured at fair value through profit or loss as collateral.

3. Financial assets measured at amortized cost

Items Current items: Time deposits with maturities over three months Restricted bank deposits Pledged time deposits Total Non-current items: Corporate bonds Pledged time deposits Total	September 30, 2025 $ 140,000 147,817 3,780 $ 291,597 $ 290,000 1,709 $ 291,709	December 31, 2024 $ - 835,996 104,688 $ 940,684 $ 290,000 - $ 290,000	September 30, 2024 $ - 1,262,034 8,825 $ 1,270,859 $ 290,000 - $ 290,000

For details on the Group's financial assets measured at amortized cost that are pledged as collateral, please refer to Note 8.

4. Notes and accounts receivable

Notes Receivable Less: Loss allowance ( Total Accounts Receivable Less: Loss allowance ( Total	September 30, 2025 $ 111,557 87 ) ( $ 111,470 $ 2,929,751 4,874 ) ( $ 2,924,877	December 31, 2024 $ 425,261 44 ) ( $ 425,217 $ 3,398,560 7,185 ) ( $ 3,391,375	September 30, 2024 $ 416,058 166 ) $ 415,892 $ 3,508,743 8,020 ) $ 3,500,723

• (1) The Group does not hold any collateral.

• (2) The balances of accounts receivable and notes receivable as of September 30, 2025, December 31, 2024, and September 30, 2024 were all generated from contracts with customers. Additionally, the balance of notes and accounts receivable from customer contracts as of January 1, 2024 was NT$6,330,158.

• (3) Without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk for the Group's notes and accounts receivable as of September 30, 2025, December 31, 2024, and September 30, 2024 is represented by the carrying amount of each class of notes and accounts receivable.

~ 37 ~

(4) For related credit risk information, please refer to Note 12(2).

1. Inventories

Raw materials Work in progress Finished goods Raw materials Work in progress Finished goods Raw materials Work in progress Finished goods	September 30, 2025	Carrying Amount $ 1,155,717 797,299 1,369,934 $ 3,322,950 Carrying Amount $ 1,205,130 757,159 1,830,783 $ 3,793,072 Carrying Amount $ 1,253,513 818,905 1,581,455 $ 3,653,873
	Cost Allowance for Valuation Loss $ 1,197,782 ($ 42,065) 807,587 ( 10,288) 1,470,773( 100,839) $ 3,476,142($ 153,192) December 31, 2024
	Cost Allowance for Valuation Loss $ 1,255,734 ($ 50,604) 769,479 ( 12,320) 1,943,706( 112,923) $ 3,968,919($ 175,847) September 30, 2024
	Cost Allowance for Valuation Loss $ 1,303,199 ($ 49,686) 839,038 ( 20,133) 1,698,355( 116,900) $ 3,840,592($ 186,719)

The Group's inventory costs recognized as expenses for the current period:

			Three Months		Three Months
			Ended		Ended
			September 30,		September 30,
			2025		2024
Cost of inventories sold		$	4,728,356	$	5,093,957
Inventory valuation loss (reversal gain)	(		27,955 )		17,833
Income from sale of scraps and waste
materials	(		18,785 ) (		15,995 )
		$	4,681,616	$	5,095,795

~ 38 ~

					Nine months
			Nine months		ended
		ended September			September 30,
			30, 2025		2024
Cost of inventories sold		$	14,859,218	$	13,891,102
Inventory valuation loss (reversal gain)	(		16,986 )		28,786
Income from sale of scraps and waste
materials	(		66,080 ) (		60,895 )
		$	14,776,152	$	13,858,993

For the nine months ended September 30, 2025, the Company recognized a reversal of inventory net realizable value due to the disposal of certain inventories for which write-downs had been previously recorded.

1. Financial assets measured at fair value through other comprehensive income - non-current

Items Non-current items: Equity instruments Listed and OTC stocks Non-listed, non-OTC, and non-emerging stocks Total	September 30, 2025 $ 713,904 892,555 $ 1,606,459	December 31, 2024 $ 711,425 878,553 $ 1,589,978	September 30, 2024 $ 800,663 903,246 $ 1,703,909

• (1) The Group chose to classify strategic equity investments as financial assets measured at fair value through other comprehensive income.

• (2) The Group did not sell any listed company stocks for the nine months ended September 30, 2025. Due to working capital needs, listed company stocks with a fair value of NT$242,096 were sold for the nine months ended September 30, 2024, resulting in accumulated disposal gains (recorded in retained earnings) of NT$101,483.

• (3) For changes in fair value recognized in other comprehensive income by the Group during the periods nine months ended September 30, 2025 and 2024, please refer to Note 6(18) Other Equity Items.

• (4) The Group's financial assets measured at fair value through other comprehensive income were not pledged as collateral as of September 30, 2025, December 31, 2024, and September 30, 2024.

~ 39 ~

7. Investments accounted for using equity method

Long Time Technology Co., Ltd Pan-International Corporation (S) Pte Ltd.	September 30, 2025 $ 530,034 2,851 $ 532,885	December 31, 2024 $ 570,279 13,065 $ 583,344	September 30, 2024 $ 630,193 1,332 $ 631,525

• (1) The Group's share of operating results from associates is summarized as follows:

		Three Months	Three Months
		Ended	Ended
		September 30,	September 30,
		2025	2024
Net income (loss) from continuing
operations for the period	$	2,215 ($	9,000 )
Total comprehensive income for
the period	$	2,215( $	9,000 )
			Nine months
		Nine months	ended
	ended September		September 30,
		30, 2025	2024
Net loss from continuing
operations for the period	($	40,245 ) ($	32,781 )
Total Comprehensive Income for
the Period	($	40,245 )( $	32,781 )

• (2) The Group's investments accounted for using equity method for the nine months ended September 30, 2025 and 2024 were evaluated based on the self-prepared financial reports of the associates for the same period, which were not reviewed by certified public accountants.

• (3) For details of the Group's investments accounted for using equity method that were pledged as collateral for contract liabilities, please refer to Note 8.

~ 40 ~

8. Property, plant and equipment

January 1, 2025 Cost Accumulated depreciation 2025 January 1 Additions Disposals Transfers Depreciation expense Net exchange differences ( September 30 September 30, 2025 Cost Accumulated depreciation

Land Buildings and structures Machinery and equipment Others Construction in progress and equipment pending acceptance Total $ 368,415 $ 1,560,239 $ 6,531,497 $ 1,079,664 $ 127,554 $ 9,667,369 - ( 545,496 ) ( 4,488,724) ( 802,713 ) - ( 5,836,933 ) $368,415 $1,014,743 $2,042,773 $ 276,951$ 127,554 $3,830,436 $ 368,415 $ 1,014,743 $ 2,042,773 $ 276,951 $ 127,554 $ 3,830,436 - 135,964 158,695 60,876 71,069 426,604 - - ( 27,250) ( 6,479 ) - ( 33,729 ) 555 83,941 8,729 4,771 ( 102,886) ( 4,890 ) - ( 60,668 ) ( 262,684) ( 69,709 ) - ( 393,061 ) 112) ( 14,068 ) ( 65,741) ( 12,148 ) ( 1,480) ( 93,549 ) $368,858 $1,159,912 $1,854,522 $ 254,262$ 94,257 $3,731,811 $ 368,858 $ 1,741,251 $ 6,399,855 $ 1,103,952 $ 94,257 $ 9,708,173 - ( 581,339 ) ( 4,545,333) ( 849,690 ) - ( 5,976,362 ) $368,858 $1,159,912 $1,854,522 $ 254,262$ 94,257 $3,731,811

~ 41 ~

January 1, 2024 Cost Accumulated depreciation 2024 January 1 Additions Disposals Transfers Depreciation expense Net exchange differences September 30 September 30, 2024 Cost Accumulated depreciation

Land Buildings and structures Machinery and equipment Others Construction in progress and equipment pending acceptance Total $ 23,726 $ 902,497 $5,841,688 $ 993,444 $ 259,751 $ 8,021,106 - ( 473,363 ) ( 4,029,805) ( 700,596 ) - ( 5,203,764 ) $ 23,726 $ 429,134 $1,811,883 $ 292,848$ 259,751 $2,817,342 $ 23,726 $ 429,134 $1,811,883 $ 292,848 $ 259,751 $ 2,817,342 - 19,957 444,260 28,967 183,801 676,985 - - ( 10,257) ( 1,583 ) ( 807) ( 12,647 ) 344,349 165,658 3,934 1,242 ( 38,260) 476,923 - ( 30,267 ) ( 298,556) ( 78,256 ) - ( 407,079 ) 418 61,957 161,272 14,513 53,086 291,246 $368,493 $ 646,439 $2,112,536 $ 257,731$ 457,571 $3,842,770 $368,493 $1,190,393 $6,589,772 $1,053,474$ 457,571 $ 9,659,703 - ( 543,954 ) ( 4,477,236) ( 795,743 ) - ( 5,816,933 ) $368,493 $ 646,439 $2,112,536 $ 257,731$ 457,571 $3,842,770

• (1) Please refer to Note 8 for the pledged information of the Group's property, plant and equipment.

• (2) The Company's Board of Directors resolved to purchase a pre-sale factory office building on November 30, 2021, and in the first quarter of 2024, when it reached a usable state, it was transferred from prepaid property payments (listed under other non-current assets) to land, buildings and structures.

• Lease transactions - lessee

• (1) The Group's leased assets include land and factory buildings, with lease contract periods typically ranging from 1 to 5 years. The lease contracts are individually negotiated and contain various terms and conditions. Apart from the restriction that leased assets cannot be used as loan collateral, no other restrictions are imposed.

• (2) The lease periods for office equipment and transportation equipment leased by the Group do not exceed 12 months.

~ 42 ~

• (3) The carrying amount of right-of-use assets and recognized depreciation expenses are as follows:

Land Buildings Land Buildings Land Buildings

September 30, 2025 December 31, 2024 September 30, 2024 $ 175,655 $ 188,539 $ 197,806 211,573 283,146 311,498 $ 387,228$ 471,685$ 509,304 Three Months Ended September 30, 2025 Three Months Ended September 30, 2024 Depreciation expense Depreciation expense $ 2,331 $ 2,414 27,906 25,854 $ 30,237 $ 28,268 Nine months ended September 30, 2025 Nine months ended September 30, 2024 Depreciation expense Depreciation expense $ 7,137 $ 6,956 83,619 85,798 $ 90,756 $ 92,754

• (4) The Group's total lease cash outflows amounted to NT$14,679, NT$2,881, NT$72,208 and NT$273,272 for the three months ended September 30, 2025 and 2024, and for the nine months ended September 30, 2025 and 2024, respectively.

• (5) Information on profit and loss items related to lease contracts is as follows:

Items affecting current profit and loss Interest expense on lease liabilities Expenses relating to short-term lease contracts	Three Months Ended September 30, 2025 $ 2,182 6,407	Three Months Ended September 30, 2024 $ 2,564 8,986

~ 43 ~

Items affecting current profit and loss Interest expense on lease liabilities Expenses relating to short-term lease contracts	Nine months ended September 30, 2025 $ 7,284 20,538	Nine months ended September 30, 2024 $ 7,786 23,970

(6) The Group's total lease cash outflows amounted to NT$26,822, NT$40,976, NT$90,014 and NT$99,703 for the three months ended September 30, 2025 and 2024, and for the nine months ended September 30, 2025 and 2024, respectively.

(7) Please refer to Note 8 for the pledge of the Group's right-of-use assets.

10. Investment property

Investment property
			Buildings and
		Land	structures		Total
January 1, 2025
Cost	$	83,448 $	112,283	$	195,731
Accumulated depreciation
and impairment		- (	88,356) (		88,356)
	$	83,448$	23,927	$	107,375
2025
January 1	$	83,448 $	23,927	$	107,375
Depreciation expense		- (	1,271) (		1,271)
Net exchange differences	(	1,803)	677 (		1,126)
September 30	$	81,645$	23,333	$	104,978
September 30, 2025
Cost	$	81,645 $	112,323	$	193,968
Accumulated depreciation
and impairment		- (	88,990)(		88,990)
	$	81,645$	23,333	$	104,978

~ 44 ~

					Buildings and	Buildings and
			Land		structures					Total
January 1, 2024
Cost		$	79,051	$		106,546			$	185,597
Accumulated depreciation
and impairment			-	(		85,674) (				85,674)
		$	79,051	$		20,872			$	99,923
2024
January 1		$	79,051	$		20,872			$	99,923
Depreciation expense			-	(		1,225) (				1,225)
Net exchange differences			6,689			1,259				7,948
September 30		$	85,740	$		20,906			$	106,646
September 30, 2024
Cost		$	85,740	$		115,193			$	200,933
Accumulated depreciation
and impairment			-	(		94,287)(				94,287)
		$	85,740	$		20,906			$	106,646
(1)	Rental income and direct operating expenses of investment property:
			Three Months				Three Months
					Ended					Ended
			September			30,	September 30,
					2025					2024
	Rental income from	investment
	property		$		7,627		$			7,854
	Direct operating expenses arising
	from investment property that
	generated rental income during
	the period		$			418	$			426
								Nine months
			Nine months							ended
			ended September				September 30,
				30, 2025						2024
	Rental income from	investment
	property		$		23,699		$			22,621
	Direct operating expenses arising
	from investment property that
	generated rental income during
	the period		$		1,271		$			1,225

~ 45 ~

• (2) The fair values of investment properties held by the Group as of September 30, 2025, December 31, 2024, and September 30, 2024 were NT$401,390, NT$392,544, and NT$395,692, respectively. These valuations were performed using the comparison method based on market transaction information obtained by the Group, and the results fall under Level 3 fair value.

• (3) For details on the pledging of the Group's investment properties, please refer to Note 8.

11. Intangible assets

Computer

		Computer
		Software	Goodwill		Total
January 1, 2025
Cost	$	34,746 $	38,125 $		72,871
Accumulated amortization
and impairment	(	5,357)		- (	5,357)
	$	29,389$	38,125$		67,514
2025
January 1	$	29,389 $	38,125 $		67,514
Additions		4,456		-	4,456
Reclassifications		2,972		-	2,972
Amortization expense
(mainly listed under
administrative
expenses)	(	3,174 )		- (	3,174)
Net exchange differences	(	1,380)(	1,359 ) (		2,739)
September 30	$	32,263$	36,766$		69,029
September 30, 2025
Cost	$	40,535 $	36,766 $		77,301
Accumulated amortization
and impairment	(	8,272)		- (	8,272)
	$	32,263$	36,766$		69,029

~ 46 ~

Computer Software January 1, 2024 Cost $ 20,397 Accumulated amortization and impairment ( 2,866) $ 17,531 2024 January 1 $ 17,531 Additions 12,037 Amortization expense (mainly listed under administrative expenses) ( 2,433 ) Net exchange differences 1,499 September 30 $ 28,634 September 30, 2024 Cost $ 33,549 Accumulated amortization and impairment ( 4,915) $ 28,634	Goodwill Total $ 36,141 $ 56,538 - ( 2,866) $ 36,141$ 53,672 $ 36,141 $ 53,672 - 12,037 - ( 2,433) 2,841 4,340 $ 38,982$ 67,616 $ 38,982 $ 72,531 - ( 4,915) $ 38,982$ 67,616	Total

• (1) The above intangible asset - goodwill mainly arose from the Group's acquisition of East Honest Holdings Limited in 2012 using the acquisition method, and indirectly acquiring its invested subsidiary in China, Honghuasheng Precision Electronics (YanTai) Co., Ltd.

• (2) The goodwill is allocated to the Group's cash-generating units identified by operating segments, which belong to electronic components division and other divisions. For information disclosure regarding operating segments, please refer to Note 14.

• (3) The goodwill allocated to the Group's cash-generating units identified by operating segments is assessed for recoverable amount based on value in use, which is calculated using pre-tax cash flow projections based on financial budgets approved by management. The Group's recoverable amount calculated based on value in use exceeds the carrying amount, therefore no impairment of goodwill has occurred.

~ 47 ~

12. Short-term borrowings

Short-term borrowings
Nature of borrowings	September 30, 2025	**Interest rate range **	Collateral
Bank loans - secured borrowings Bank loans - unsecured borrowings Nature of borrowings	$ 85,420 687,534	2.8%~2.8% 2.3%~4.7% **Interest rate range **	Description 1. None Collateral
	$ 772,954
	December 31, 2024
Bank loans - secured borrowings Bank loans - unsecured borrowings Nature of borrowings	$ 551,177 488,102	3.2%~4.97% 2.35%~3.65% **Interest rate range **	Description 1. None Collateral
	$ 1,039,279
	September 30, 2024
Bank loans - secured borrowings Bank loans - unsecured borrowings	$ 515,418 587,137	2.35%-3.85% 3.2%~5.4822%	Description 1. None
	$ 1,102,555

• (1) The Group has signed credit facility agreements with banks where subsidiaries provide joint guarantee limits. Please refer to Note 13 for details.

• (2) As of September 30, 2025, December 31, 2024, and September 30, 2024, the Group's unused credit facilities amounted to NT$7,575,284, NT$7,829,276, and NT$7,070,688, respectively.

13. Other payables

Salaries, bonuses and employee compensation payable Utilities payable Supplies payable Repairs payable Equipment payable Others	September 30, 2025 $ 601,233 61,992 55,201 53,304 27,149 431,838 $ 1,230,717	December 31, 2024 $ 602,260 35,933 64,378 61,186 50,264 335,577 $ 1,149,598	September 30, 2024 $ 575,580 46,801 61,787 56,605 43,981 488,807 $ 1,273,561

~ 48 ~

14. Pension

• (1) Defined benefit pension plan

• A. The Company and Tekcon Electronics Corp. (hereinafter referred to as "Tekcon") have established defined benefit pension plans in accordance with the Labor Standards Act, which apply to the years of service for all regular employees before July 1, 2005, when the Labor Pension Act was implemented, as well as the subsequent years of service for employees who chose to continue being subject to the Labor Standards Act after the implementation of the Labor Pension Act. For employees who meet retirement conditions, pension payments are calculated based on years of service and the average salary of the 6 months before retirement. For each year of service up to 15 years (inclusive), two basis points are given, and for each year of service beyond 15 years, one basis point is given, with a maximum accumulation limit of 45 basis points. The Company and Tekcon contribute 6% and 2% of total monthly salaries respectively to the pension fund, which is deposited in a dedicated account under the name of the Labor Pension Fund Supervisory Committee in the Trust Department of Bank of Taiwan. Additionally, at the end of each year, the Company estimates the balance of the aforementioned labor pension reserve account. If the balance is insufficient to pay the estimated pension amount calculated according to the above method for employees who are expected to meet retirement conditions in the following year, the Company will make a one-time contribution to cover the difference by the end of March of the following year.

• B. For the three months ended September 30, 2025 and 2024, and for the nine months ended September 30, 2025 and 2024, the Group's pension costs recognized under the aforementioned pension plan amounted to NT$0, NT$169, NT$17 and NT$1,245, respectively.

• C. The Group's expected contribution to the pension plan for the year 2026 is NT$42.

• (2) Defined Contribution Pension Plan

• A. Starting from July 1, 2005, the Company and Tekcon have established a defined contribution pension plan in accordance with the "Labor Pension Act," which applies to employees with Republic of China nationality. For employees who have chosen to adopt the labor pension system under the "Labor Pension Act," the Company and Tekcon contribute 6% of their monthly salaries to their individual pension accounts at the Bureau of Labor Insurance. Upon retirement, employees can receive their pension payments either as monthly pension payments or as a lump sum based on the balance of their individual pension accounts and accumulated earnings.

~ 49 ~

• B. The subsidiaries included in the consolidated financial statements have not established their own pension plans. Pan-International Electronics, Inc., P.I.E. Industrial Berhad, and subsidiaries in China are required by local government regulations to contribute a certain percentage of employees' total salaries to mandatory provident funds, which are stored in individual accounts for each employee. The retirement benefits for each employee are managed and arranged by the government. The aforementioned companies have no further obligations beyond making monthly contributions.

• C. For the three months ended September 30, 2025 and 2024, and for the nine months ended September 30, 2025 and 2024, the Group's pension costs recognized under the aforementioned pension plan amounted to NT$42,354, NT$45,946, NT$127,034 and NT$128,395, respectively.

• Share capital

As of September 30, 2025, the Company's authorized number of shares was 600,000,000 shares (including 30,000,000 shares reserved for employee stock options or convertible bonds with stock rights), with 518,346,282 shares issued and outstanding, at a par value of NT$10 per share.

1. Capital surplus

According to the Company Act, capital surplus from share premium in excess of par value and donations received can only be used to offset losses. When the company has no accumulated losses, it can be distributed as new shares or cash to shareholders in proportion to their original shareholdings. Additionally, according to the relevant provisions of the Securities and Exchange Act, when using the aforementioned capital surplus for capital increase, the annual total amount is limited to no more than 10% of the paid-in capital. The company shall not use capital surplus to offset capital losses unless the legal reserve is insufficient to cover such losses.

1. Retained earnings

2. (1) According to the Company's Articles of Incorporation, if there are profits in the annual final accounts, after paying all taxes in accordance with the law, the profits shall first be used to offset previous years' losses, then 10% shall be set aside as legal reserve. Any remaining profits shall be retained or distributed according to the resolution of the shareholders' meeting.

3. (2) The Company authorizes the Board of Directors, with the attendance of more than two-thirds of directors and a resolution approved by a majority of the attending directors, to distribute all or part of the dividends and bonuses, capital surplus or legal reserve in cash. Such distribution is not subject to the requirement of shareholders' meeting resolution as mentioned in the preceding paragraph.

~ 50 ~

• (3) The Company is currently in a growth stage. The Company's dividend distribution policy must take into account factors such as current and future investment environment, capital requirements, domestic and international competition, capital budget, shareholders' interests, and long-term financial planning. Shareholders' dividends shall be appropriated from accumulated distributable earnings, of which no less than 15% of the current year's distributable earnings shall be distributed, and cash dividends shall constitute no less than 10% of the total shareholders' dividends.

• (4) The legal reserve shall not be used except for offsetting company losses and distributing new shares or cash in proportion to shareholders' original shareholding. However, when distributing new shares or cash, it is limited to the portion of such reserve that exceeds 25% of the paid-in capital.

• (5) When distributing earnings, the Company shall, in accordance with regulations, set aside special reserve for the debit balance of other equity items on the balance sheet date before distribution. When the debit balance of other equity items is subsequently reversed, the reversed amount can be included in distributable earnings.

• (6) The Company's shareholders' meetings held on May 26, 2025 and May 31, 2024 approved the following earnings distributions for 2024 and 2023:

2024 Amount Dividend Per Share(NT$) Legal reserve $ 114,569 (Reversal of) Special reserve ( 400,813 ) Cash Dividends 570,181 $ 1.10 $ 283,937	2023	2023
	Amount	Dividend Per Share(NT$)
	$ 125,854 25,528 673,850	$ 1.30
	$ 825,232

The above 2024 earnings distribution is consistent with the resolution of the Board of Directors on March 11, 2025. Please refer to the Market Observation Post System of the Taiwan Stock Exchange for details.

~ 51 ~

18. Other equity items

19.

Financial Assets Measured at Fair Value Through Other Comprehensive Income Foreign Currency Translation Differences Total January 1, 2025 ($ 426,029 ) ( $ 583,894 ) ( $ 1,009,923 ) Unrealized gains and losses on financial instruments - Group 131,262 - 131,262 Foreign currency translation differences - Group - ( 554,698 ) ( 554,698 ) September 30, 2025 ($ 294,767 )( $ 1,138,592 )( $ 1,433,359 ) Financial Assets Measured at Fair Value Through Other Comprehensive Income Foreign Currency Translation Differences Total January 1, 2024 ($ 268,673 ) ( $ 1,142,062 ) ( $ 1,410,735 ) Unrealized gains and losses on financial instruments - Group 107,833 - 107,833 Valuation adjustments transferred to retained earnings - Group ( 101,483 ) - ( 101,483 ) Foreign currency translation differences - Group - 654,280 654,280 September 30, 2024 ($ 262,323 )( $ 487,782 )( $ 750,105 ) Non-controlling interests 2025 2024 January 1 $ 2,206,818 $ 1,941,812 Share attributable to non-controlling interests: Net income for the period 89,996 105,859 Exchange differences on translation of foreign financial statements ( 36,290 ) 281,427 Cash dividends distribution ( 62,535 ) ( 83,604 ) September 30 $ 2,197,989 $ 2,245,494

~ 52 ~

20. Operating revenue

Revenue from contracts with customers Revenue from contracts with customers	Three Months Ended September 30, 2025 $ 5,371,007 Nine months ended September 30, 2025 $ 16,818,482	Three Months Ended September 30, 2024 $ 6,010,532 Nine months ended September 30, 2024 $ 16,114,520

The Group's revenue is derived from goods and services transferred at a point in time. For detailed revenue disaggregation information, please refer to Note 14.

Contract Liabilities

The Group recognizes contract liabilities related to revenue from contracts with customers as follows:

September 30, 2025 December 31, 2024 September 30, 2024 January 1, 2024 Contract Liabilities$ 111,857$ 104,053$ 132,013$ 181,376 Revenue recognized from contract liabilities at beginning of period: Three Months Ended September 30, 2025 Three Months Ended September 30, 2024 Revenue recognized from contract liabilities balance at beginning of period $ 2,714 $ 26,273 Nine months ended September 30, 2025 Nine months ended September 30, 2024 Revenue recognized from contract liabilities balance at beginning of period $ 65,146 $ 100,994	September 30, 2025	December 31, 2024	September 30, 2024	January 1, 2024
	$ 111,857	$ 104,053	$ 132,013	$ 181,376

Revenue recognized from contract liabilities at beginning of period:

~ 53 ~

21. Other income

22.

Three Months Ended September 30, 2025 Three Months Ended September 30, 2024 Rental income $ 10,729 $ 13,856 Dividend Income 90 6 Grant income 12,255 7,766 Other income - others 3,871 6,318 $ 26,945 $ 27,946 Nine months ended September 30, 2025 Nine months ended September 30, 2024 Rental income $ 32,508 $ 36,120 Dividend Income 37,334 18 Grant income 29,272 23,156 Other income - others 8,217 45,858 $ 107,331 $ 105,152 Other gains and losses Three Months Ended September 30, 2025 Three Months Ended September 30, 2024 Net gains on financial assets and liabilities measured at fair value through profit or loss $ 688 $ 108 Gains (losses) on disposal of property, plant and equipment 9,863 ( 2,552 ) Net foreign currency exchange gains (losses) 12,989 ( 118,727 ) Others ( 5,600 ) ( 1,901 ) $ 17,940( $ 123,072 )

~ 54 ~

					Nine months
			Nine months		ended
		ended September			September 30,
			30, 2025		2024
Net gains on financial assets and		$	10,189	$	269
liabilities measured at fair value
through profit or loss
Gains (losses) on disposal of property,			13,505 (		4,011 )
plant and equipment
Net foreign currency exchange gain	(		24,577 ) (		43,710 )
Others	(		21,135 ) (		464 )
	(	$	22,018 )(	$	47,916 )

23. Employee benefits expenses, depreciation and amortization expenses

By nature Employee benefits expenses Salary expenses Labor and health insurance expenses Pension expenses Other personnel expenses Depreciation expense Amortization expenses By nature Employee benefits expenses Salary expenses Labor and health insurance expenses Pension expenses Other personnel expenses Depreciation expense Amortization expenses	Three Months Ended September 30, 2025 $ 679,960 21,909 42,354 124,863 $ 869,086 $ 169,942 $ 3,931 Nine months ended September 30, 2025 $ 1,971,805 67,841 127,051 362,580 $ 2,529,277 $ 485,088 $ 8,883	Three Months Ended September 30, 2024 $ 773,667 24,541 46,115 70,737 $ 915,060 $ 169,496 $ 2,908 Nine months ended September 30, 2024 $ 2,195,038 70,164 129,640 171,614 $ 2,566,456 $ 501,058 $ 9,488

~ 55 ~

• (1) According to the Company's Articles of Incorporation, if the Company makes a profit for the year (profit refers to the profit before tax and before the distribution of employee compensation and director compensation), no less than 5% shall be allocated as employee compensation and no more than 0.5% shall be allocated as director compensation. These allocations shall be distributed by special resolution of the Board of Directors and reported to the shareholders' meeting. However, when the Company still has accumulated losses, the amount for compensation should be reserved in advance.

• (2) For the three months ended September 30, 2025 and 2024, and for the nine months ended September 30, 2025 and 2024, the Company's estimated employee compensation amounted to NT$11,202, NT$17,572, NT$39,601 and NT$44,522, respectively. The estimated Directors' compensation amounted to NT$1,120, NT$1,757, NT$3,960 and NT$4,452, respectively, which were recorded under salary expenses.

The amounts for the nine months ended September 30, 2025 and 2024 were estimated based on the profitability for the period (current year) according to the proportions specified in the Company's Articles of Incorporation.

The employee compensation and director compensation for 2024 as resolved by the Board of Directors were NT$62,126 and NT$6,213 respectively, which were consistent with the amounts recognized in the 2024 financial statements and will be distributed in cash. As of September 30, 2025, the unpaid amounts of employee compensation and director compensation for 2024 were NT$21,744 and NT$3,127 respectively, which were listed under "Other Payables".

The above information regarding employee compensation and director compensation approved by the Company's Board of Directors can be found on the Market Observation Post System.

1. Finance costs

Interest expense on bank borrowings Interest expense on lease liabilities Other finance costs Interest expense on bank borrowings Interest expense on lease liabilities Other finance costs	Three Months Ended September 30, 2025 $ 4,855 2,182 4,883 $ 11,920 Nine months ended September 30, 2025 $ 14,376 7,284 7,403 $ 29,063	Three Months Ended September 30, 2024 $ 5,845 2,564 8,607 $ 17,016 Nine months ended September 30, 2024 $ 26,199 7,786 18,198 $ 52,183

~ 56 ~

25. Income tax

(1) Income Tax Expense

Components of income tax expense:

Current income tax: Income tax generated from current income Additional tax on unappropriated earnings Underestimation (overestimation) of income tax in prior years ( Total current income tax Deferred income tax: Origination and reversal of temporary differences Income tax expense Current income tax: Income tax generated from current income Additional tax on unappropriated earnings Underestimation (overestimation) of income tax in prior years ( Total current income tax Deferred income tax: Origination and reversal of temporary differences Income tax expense	Three Months Ended September 30, 2025 $ 134,765 - 52 ) 134,713 34,728 ( $ 169,441 Nine months ended September 30, 2025 $ 290,023 43,088 13,208 ) 319,903 16,987 ( $ 336,890	Three Months Ended September 30, 2024 $ 112,290 - 3,748 116,038 27,265 ) $ 88,773 Nine months ended September 30, 2024 $ 268,852 21,666 3,152 293,670 26,710 ) $ 266,960

(2) The Company's business income tax has been approved by the tax authority through 2023.

~ 57 ~

• (3) The Group has applied the exception provisions for recognizing deferred tax assets and liabilities related to Pillar Two income tax and disclosing relevant information.

• (4) The Group falls within the scope of the Pillar Two Model Rules published by the Organization for Economic Co-operation and Development. The Pillar Two legislation has become effective in the jurisdictions where some of the Group's subsidiaries are registered. As of September 30, 2025, the Group has appropriately recognized the related current income tax expenses.

The Group has applied the amendments to IAS 12 "Income Taxes" issued on May 23, 2023, implementing the exception provisions for recognizing deferred tax assets and liabilities related to Pillar Two income tax and relevant information.

26. Earnings per share

Basic Earnings Per Share Net Income for the Period Attributable to Common Shareholders of the Parent Company Diluted Earnings Per Share Net Income for the Period Attributable to Common Shareholders of the Parent Company Effect of Dilutive Potential Common Shares - Employee Compensation Net Income for the Period Attributable to Common Shareholders of the Parent Company Plus Effect of Potential Common Shares	Three Months Ended September 30, 2025 After-tax Amount Weighted Average Number of Outstanding Shares (Thousand Shares) Earnings Per Share (NT$) $ 172,759 518,346 $ 0.33 172,759 518,346 - 729 $ 172,759 519,075 $ 0.33	Three Months Ended September 30, 2025 After-tax Amount Weighted Average Number of Outstanding Shares (Thousand Shares) Earnings Per Share (NT$) $ 172,759 518,346 $ 0.33 172,759 518,346 - 729 $ 172,759 519,075 $ 0.33
	After-tax Amount	Weighted Average Number of Outstanding Shares (Thousand Shares)
	$ 172,759	518,346
	172,759 -	518,346 729
	$ 172,759	519,075

~ 58 ~

Basic Earnings Per Share Net Income for the Period Attributable to Common Shareholders of the Parent Company Diluted Earnings Per Share Net Income for the Period Attributable to Common Shareholders of the Parent Company Effect of Dilutive Potential Common Shares - Employee Compensation Net Income for the Period Attributable to Common Shareholders of the Parent Company Plus Effect of Potential Common Shares Basic earnings per share Net Income for the Period Attributable to Common Shareholders of the Parent Company Diluted Earnings Per Share Net Income for the Period Attributable to Common Shareholders of the Parent Company Effect of Dilutive Potential Common Shares - Employee Compensation Net Income for the Period Attributable to Common Shareholders of the Parent Company Plus Effect of Potential Common Shares	Three Months Ended September 30, 2024 After-tax Amount Weighted Average Number of Outstanding Shares (Thousand Shares) Earnings Per Share (NT$) $ 287,965 518,346 $ 0.56 287,965 518,346 - 1,263 $ 287,965 519,609 $ 0.55 Nine Months Ended September 30, 2025 After-tax Amount Weighted Average Number of Outstanding Shares (Thousand Shares) Earnings Per Share (NT$) $ 631,209 518,346 $ 1.22 631,209 518,346 - 1,066 $ 631,209 519,412 $ 1.22	Three Months Ended September 30, 2024 After-tax Amount Weighted Average Number of Outstanding Shares (Thousand Shares) Earnings Per Share (NT$) $ 287,965 518,346 $ 0.56 287,965 518,346 - 1,263 $ 287,965 519,609 $ 0.55 Nine Months Ended September 30, 2025 After-tax Amount Weighted Average Number of Outstanding Shares (Thousand Shares) Earnings Per Share (NT$) $ 631,209 518,346 $ 1.22 631,209 518,346 - 1,066 $ 631,209 519,412 $ 1.22
	After-tax Amount	Weighted Average Number of Outstanding Shares (Thousand Shares)
	$ 631,209	518,346
	631,209 -	518,346 1,066
	$ 631,209	519,412

~ 59 ~

Basic earnings per share Net Income for the Period Attributable to Common Shareholders of the Parent Company Diluted Earnings (Loss) Per Share Net Income for the Period Attributable to Common Shareholders of the Parent Company Effect of Dilutive Potential Common Shares - Employee Compensation Net Income for the Period Attributable to Common Shareholders of the Parent Company Plus Effect of Potential Common Shares	Nine Months Ended September 30, 2024	Nine Months Ended September 30, 2024	Nine Months Ended September 30, 2024
	After-tax Amount	Weighted Average Number of Outstanding Shares (Thousand Shares)	Earnings Per Share (NT$)
	$ 733,101	518,346	$ 1.41
	733,101 -	518,346 1,855	$ 1.41
	$ 733,101	520,201

27. Supplemental cash flow information Investing Activities Partially Paid in Cash:

					Nine months
			Nine months		ended
		ended September			September 30,
			30, 2025		2024
Purchase of Property, Plant and		$	426,604	$	676,985
Equipment
Add: Equipment Payable, Beginning of			50,264		129,870
Period
Less: Equipment Payable, End of Period	(		27,149 ) (		43,981 )
Effect of Exchange Rate Changes	(		2,078 )		4,256
Cash Paid for the Period		$	447,641	$	767,130

~ 60 ~

28. Changes in liabilities from financing activities

			2025
					Total Liabilities
		Short-term	Lease		from Financing
		**Borrowings **	Liabilities		Activities
January 1	$	1,039,279 $	289,092	$	1,328,371
Changes in Financing	(	234,040 ) (	62,192) (		296,232 )
Cash Flows
Effect of Exchange Rate	(	32,285 ) (	13,198) (		45,483 )
Changes
Other Non-cash Changes		-	3,197		3,197
September 30	$	772,954$	216,899	$	989,853
			2024
					Total Liabilities
		Short-term	Lease		from Financing
		**Borrowings **	Liabilities		Activities
January 1	$	565,372 $	99,702	$	665,074
Changes in Financing		549,476 (	67,947)		481,529
Cash Flows
Effect of Exchange Rate	(	12,293 )	8,101 (		4,192 )
Changes
Other Non-cash Changes		-	277,179		277,179
September 30	$	1,102,555$	317,035	$	1,419,590

(VII) Related Party Transactions

1. Names and relationships of related parties

Names of Related Parties

Relationship with the Group

Hon Hai Precision Industry Co., Ltd. and its Has significant influence over subsidiaries (HON HAI and subsidiaries) the Group Sharp Corporation and its subsidiaries (SHARP Other Related Parties and subsidiaries) Foxconn Technology Co., Ltd. and its subsidiaries Other Related Parties (FOXCONN and subsidiaries) General Interface Solution Limited Other Related Parties Cybertan Technology, Inc. and its subsidiaries Other Related Parties Ennoconn Corporation Other Related Parties Long Time Technology Co., Ltd Associates Pan-International Corporation (S) Pte Ltd. Associates

~ 61 ~

2. Significant transactions with related parties

(1) Operating Revenue

Operating Revenue
Sales of goods: Entity with significant influence - HON HAI and subsidiaries Other Related Parties Associates Entity with significant influence - HON HAI and subsidiaries Other Related Parties Associates	Three Months Ended September 30, 2025 $ 1,677,721 - 1,000 $ 1,678,721 Nine months ended September 30, 2025 $ 4,777,998 - 5,648 $ 4,783,646	Three Months Ended September 30, 2024
		$ 1,527,162 183,198 472
		$ 1,710,832
		Nine months ended September 30, 2024
		$ 3,758,337 778,945 909
		$ 4,538,191

Except for transactions where there are no similar transactions for reference and prices and credit terms are determined through mutual negotiation, the Group's selling prices to the above related parties are similar to those for general customers; the Group's collection period for related parties is approximately 30120 days after the end of the month.

~ 62 ~

(2) Purchases of Goods

Entity with significant influence - HON HAI and subsidiaries Other Related Parties Associates Entity with significant influence - HON HAI and subsidiaries Other Related Parties Associates	Three Months Ended September 30, 2025 $ 538,192 - 576 $ 538,768 Nine months ended September 30, 2025 $ 1,892,401 - 2,343 $ 1,894,744	Three Months Ended September 30, 2024 $ 360,410 1,181 407 $ 361,998 Nine months ended September 30, 2024 $ 1,421,021 47,622 2,554 $ 1,471,197

The above amounts include purchases of Goods, discounts and returns. The purchase prices and payment terms are determined through mutual negotiation. The payment terms for related parties are approximately 30-120 days after monthly closing.

(3) Receivables from related parties

Accounts receivable: Entity with significant influence - HON HAI and subsidiaries Other Related Parties Associates Less: Loss allowance (	September 30, 2025 $ 2,360,835 - 2,505 2,363,340 1,797 ) ( $ 2,361,543	December 31, 2024 $ 1,762,346 101,587 1,083 1,865,016 1,456 ) ( $ 1,863,560	September 30, 2024 $ 2,134,831 325,117 741 2,460,689 1,011 ) $ 2,459,678

The amounts receivable from related parties primarily arise from sales and purchasing agency transactions, with payment terms of approximately 30-120 days after the end of the month. The receivables are unsecured and non-interest bearing.

~ 63 ~

(4) Amounts payable to related parties

Accounts Payable: Entity with significant influence - HON HAI and subsidiaries Other Related Parties Associates	September 30, 2025 $ 876,423 - 307 $ 876,730	December 31, 2024 $ 769,799 4,588 89 $ 774,476	September 30, 2024 $ 709,665 3,912 141 $ 713,718

The payables to related parties mainly arise from purchases of goods and purchase agency transactions, and these payables are non-interest bearing.

(5) Contract Liabilities

Entity with significant influence - HON HAI and subsidiaries	September 30, 2025 $ -	December 31, 2024 $ -	September 30, 2024 $ 12,583

As of September 30, 2025, December 31, 2024 and September 30, 2024, the aforementioned contract liabilities of NT$0, NT$0 and NT$12,583 were secured by the Group's investments accounted for using equity method with 7,812,500 shares pledged as collateral. Please refer to Note 8 for details. The amount was fully repaid as of November 2024.

(6) Property transactions

Disposal of Property, Plant and Equipment

Entity with significant influence - HON HAI and subsidiaries	For the Three Months Ended September 30, 2025 Sales proceeds Gainon disposal $ 16,827 $ 10,891
	Sales proceeds $ 16,827

~ 64 ~

Entity with significant influence - HON HAI and subsidiaries	For the Nine Months Ended September 30, 2025 Sales proceeds Gainon disposal $ 22,034 $ 11,211
	Sales proceeds $ 22,034

No significant property transactions with related parties in 2024.

(7) Lease transactions - Lessee

• A. The Group leases plants from the group with significant influence over the Group. The lease contracts are for 5 years, and the rent is paid at the end of each month.

• B. Acquisition of right-of-use assets

For the nine months ended September 30, 2025 and 2024, the Group acquired right-of-use assets from related parties amounting to NT$0 and NT$189,830, respectively.

• C. Lease liabilities:

• (a) Ending balance

		September	September	30,	December 31,	December 31,	September 30,	September 30,
			2025		2024			2024
Groups with
	significant
	influence over
	the Group	$	118,985		$	152,193	$	162,795
(b)	Interest Expenses
				Three Months			Three Months
					Ended			Ended
				September		30,	September 30,
					2025			2024
	Groups with significant
	influence over		the
	Group			$		740	$	1,023

(b) Interest Expenses

~ 65 ~

Nine months ended September 30, 2025 Groups with significant influence over the Group $ 2,460 Key management personnel compensation information Three Months Ended September 30, 2025 Short-term Employee Benefits $ 7,173 Post-employment benefits 60 Total $ 7,233 Nine Months Ended September 30, 2025 Short-term Employee Benefits $ 12,841 Post-employment benefits 180 Total $ 13,021	Nine months ended September 30, 2024 $ 3,183 Three Months Ended September 30, 2024 $ 8,600 60 $ 8,660 Nine Months Ended September 30, 2024 $ 14,532 180 $ 14,712
Short-term Employee Benefits Post-employment benefits Total Short-term Employee Benefits Post-employment benefits Total

1. Key management personnel compensation information

~ 66 ~

(VIII) Pledged Assets

Details of the Group's assets pledged as collateral are as follows:

Asset items		Carrying amount	Carrying amount	Purpose of pledge
	September 30, 2025	December 31, 2024	September 30, 2024
Pledged time deposits and restricted bank deposits (listed under financial assets measured at amortized cost - current) Pledged time deposits and restricted bank deposits (listed under financial assets measured at amortized cost - non-current) Land Investment Property Investment accounted for using equity method (LONG TIME TECH)	$ 151,597 1,709 9,466 10,768 -	$ 940,684 - 9,623 10,946 -	$ 1,270,859 - 9,868 11,225 175,838	Guarantee deposits for bank acceptance bills, letters of credit, etc. Guarantee deposits for bank acceptance bills and customs duties Collateral for bank credit facilities (Note) Collateral for bank credit facilities (Note) Contract Liabilities
	$ 173,540	$ 961,253	$ 1,467,790

Note: The above land, buildings and structures were pledged as collateral for bank overdraft facilities in 2005. As of September 30, 2025, the overdraft facilities have been fully repaid but the pledges have not yet been canceled.

(IX) Significant Contingent Liabilities and Unrecognized Contract Commitments

1. Contingencies

The Group does not have any significant contingent liabilities arising from legal claims in the ordinary course of business.

2. Commitments

None.

(X) Significant Disaster Loss

None.

~ 67 ~

(XI) Significant Events After The Balance Sheet Date

None.

(XII) Others

1. Capital Management

The Group's capital management objectives are to ensure the Group's ability to continue as a going concern, maintain an optimal capital structure to reduce the cost of capital, and provide returns for shareholders. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, issue new shares, or sell assets to reduce debt. The Group monitors its capital using the net debt ratio, which is calculated by dividing net debt by total equity. The calculation of net debt is total borrowings (including "current and non-current borrowings" reported in the consolidated balance sheet) less cash and cash equivalents. The calculation of total equity is "equity" reported in the consolidated balance sheet less total intangible assets.

The Group's strategy in 2025 remains the same as in 2024, which is to maintain the net debt ratio below 70%.

1. Financial Instruments

2. (1) Categories of Financial Instruments

The relevant amounts and information for the Group's financial assets measured at amortized cost under IFRS 9 (including cash and cash equivalents, financial assets measured at amortized cost, notes receivable, accounts receivable (including related parties), and other receivables) and financial liabilities measured at amortized cost (including short-term borrowings, notes payable, accounts payable (including related parties), and other payables) are detailed in the consolidated balance sheet and Note 6. The carrying amounts of financial assets/liabilities measured at fair value through profit or loss and financial assets measured at fair value through other comprehensive income are detailed in Notes 6(2) and 6(6).

• (2) Risk Management Policy

• A. Types of Risks

The Group adopts a comprehensive financial risk management and control system to clearly identify, measure, and control various financial risks, including market risk (including exchange rate risk, interest rate risk, and price risk), credit risk, and liquidity risk.

• B. Management Objectives

• (a) Among the aforementioned risks, except for market risk which is controlled by external factors, the rest can be eliminated through internal controls or operational procedures. Therefore, the management objective is to reduce each of these risks to zero.

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  - (b) As for market risk, through rigorous analysis, recommendations, execution, and procedures, appropriate consideration is given to external overall trends, internal operational conditions, and the actual impact of market fluctuations, with the objective of optimizing the overall position.

  - (c) The Group's overall risk management policy focuses on unpredictable events in financial markets and seeks to minimize potential adverse effects on the Group's financial position and financial performance.

• C. Management System

  • (a) Risk management tasks are executed by the Group's Finance Department in accordance with policies approved by the Board of Directors. Through close collaboration with the Group's operating units, the Finance Department is responsible for identifying, evaluating, and hedging financial risks.

  • (b) The Board of Directors has established written principles for overall risk management and provides written policies for specific areas and matters, such as foreign exchange risk, interest rate risk, credit risk, the use of derivative and non-derivative financial instruments, and investment of excess liquidity.

• (3) Nature and Extent of Significant Financial Risks

• A. Market Risk

Foreign Exchange Risk

• (a) Nature: As a multinational electronic manufacturing services provider, the Group's foreign exchange risks from operating activities primarily arise from:

• i. Foreign exchange risks arising from timing differences between accounts receivable and accounts payable recorded in non-functional currencies, resulting in exchange rate variations against the functional currency. Due to the small net amount after offsetting assets and liabilities, the resulting profit or loss impact is also minimal. (Note: The Group has operations in multiple countries worldwide, resulting in foreign exchange risks from various currencies, but primarily in US dollars, Chinese Yuan, and Malaysian Ringgit.)

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• ii. In addition to the commercial transactions (operating activities) on the income statement mentioned above, foreign exchange risks also arise from recognized assets and liabilities on the balance sheet, as well as net investments in foreign operations.

(b) Management

• i. For these types of risks, the Group has established policies requiring each company within the Group to manage foreign exchange risks relative to their functional currency.

• ii. As for foreign exchange risks arising between functional currencies and the reporting currency of consolidated financial statements, these are managed centrally by the Group's Treasury Department.

(c) Extent

The Group's operations involve several non-functional currencies (the functional currency of the Company and some subsidiaries is TWD, while some subsidiaries' functional currencies are Chinese Yuan and Malaysian Ringgit), and are therefore affected by exchange rate fluctuations. The information on foreign currency assets and liabilities significantly affected by exchange rate fluctuations is as follows:

September 30, 2025

(Foreign currency: functional currency) Financial assets Monetary items USD:NTD USD:RMB USD:MYR EUR:MYR Foreign operations USD:NTD Financial liabilities Monetary items USD:NTD USD:RMB USD:MYR	Foreign currency (thousand)	Exchange rate	Carrying amount(NTD)	Sensitivity analysis	Sensitivity analysis
				Degree of variation	Impact on profit or loss
	$ 101,273 56,885 40,684 4,411 353,200 78,631 5,547 26,991	30.445 7.1055 4.2105 4.9470 30.445 30.445 7.1055 4.2105	$ 3,083,256 1,726,323 1,238,648 157,781 10,753,188 2,393,921 168,338 821,741	5% 5% 5% 5% 5% 5% 5%	$ 154,163 86,316 61,932 7,889 119,696 8,417 41,087

~ 70 ~

(Foreign currency: functional currency) Financial assets Monetary items USD:NTD USD:RMB USD:MYR EUR:MYR Foreign operations USD:NTD Financial liabilities Monetary items USD:NTD USD:RMB USD:MYR (Foreign currency: functional currency) Financial assets Monetary items USD:NTD USD:RMB USD:MYR EUR:MYR Foreign operations USD:NTD Financial liabilities Monetary items USD:NTD USD:RMB USD:MYR		December 31, 2024	December 31, 2024
	Foreign currency (thousand)	Exchange rate	Carrying amount(NTD)	Sensitivity analysis
				Degree of variation	Impact on profit or loss
	$ 75,631 60,169 50,367 3,502 341,844 77,645 4,900 33,784			5% 5% 5% 5% 5% 5% 5%	$ 123,997 96,841 82,577 5,978 127,299 7,886 55,389
	Foreign currency (thousand)	Exchange rate	Carrying amount(NTD)	Sensitivity analysis
				Degree of variation	Impact on profit or loss
	$ 97,043 85,227 49,813 3,689 352,066 87,981 4,562 32,550	31.65 7.0074 4.1186 4.6040 31.65 31.65 7.0074 4.1186	$ 3,071,411 2,701,225 1,576,581 130,517 11,142,904 2,784,599 144,590 1,030,208	5% 5% 5% 5% 5% 5% 5%	$ 153,571 135,061 78,829 6,526 139,230 7,230 51,510

(d) Nature

Due to exchange rate fluctuations, the Group's monetary items were significantly impacted. The total recognized exchange gains and losses (including realized and unrealized) for the three months ended September 30, 2025 and 2024, and for the nine months ended September 30, 2025 and 2024 were gains of NT$12,989, losses of NT$118,727, losses of NT$24,577, and losses of NT$43,710, respectively.

~ 71 ~

Price risk

• (a) The Group's equity instruments exposed to price risk are classified as financial assets measured at fair value through other comprehensive income. To manage the price risk of equity instrument investments, the Group diversifies its investment portfolio according to the limits set by the Group.

• (b) The Group primarily invests in equity instruments issued by domestic and foreign companies. The prices of these equity instruments are affected by uncertainties in the future value of the investment targets. If these equity instrument prices increased or decreased by 1%, with all other factors remaining constant, the impact on other comprehensive income for the nine months ended September 30, 2025 and 2024 would increase or decrease by NT$16,065 and NT$17,039 respectively, due to gains or losses from equity investments classified as financial assets at fair value through other comprehensive income.

Cash flow and fair value interest rate risk

The Group's interest rate risk arises from short-term borrowings. Borrowings issued at fixed rates expose the Group to fair value interest rate risk. Based on assessment, the Group does not have significant interest rate risk.

• B. Credit risk

• (a) The Group's credit risk refers to the risk of financial loss due to customers or counterparties of financial instruments failing to fulfill their contractual obligations. This risk mainly arises from counterparties' inability to settle accounts receivable according to payment terms and contractual cash flows from debt instrument investments classified as measured at amortized cost.

• (b) According to the internally specified credit policy, each operating entity within the Group must conduct management and credit risk analysis for each new customer before establishing payment and delivery terms and conditions. Internal risk control is achieved by evaluating customers' credit quality through consideration of their financial status, past experience, and other factors. Individual risk limits are set by the Board of Directors based on internal or external ratings, and credit limit usage is regularly monitored.

• (c) The Group's basis for determining whether there has been a significant increase in credit risk of financial instruments since initial recognition is as follows:

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When contractual payments are more than 60 days past due according to agreed payment terms, it is considered that the credit risk of financial assets has significantly increased since initial recognition.

• (d) When contractual payments are more than 90 days past due according to agreed payment terms, the Group considers it as a default.

• (e) The Group categorizes notes and accounts receivable from customers based on customer rating characteristics and adopts a simplified approach using the loss rate method as the basis for estimating expected credit losses.

• (f) The Group's indicators for determining whether debt instrument investments are credit-impaired are as follows:

• i. The issuer experiences significant financial difficulties, or the probability of entering bankruptcy or other financial reorganization significantly increases;

• ii. The active market for the financial asset disappears due to the issuer's financial difficulties;

• iii. The issuer delays or defaults on interest or principal payments;

• iv. Adverse changes in national or regional economic conditions that lead to issuer default.

• (g) The aging analysis of notes and accounts receivable (including related parties) is as follows:

Not past due Within 90 days 91-180 days Over 181 days	September 30, 2025 $ 5,388,813 12,519 2,575 741 $ 5,404,648	December 31, 2024 $ 5,679,785 8,529 199 324 $ 5,688,837	September 30, 2024 $ 6,376,490 6,858 2,098 44 $ 6,385,490

The above is an aging analysis based on the number of days past due.

(h) Other receivables (including related parties):

The Group's other receivables mainly consist of tax refund receivables and receivables for payments made on behalf of others. For individually significant other receivables that have defaulted, expected credit losses are estimated individually. For the remaining counterparties with no significant concerns about default or repayment, the allowance for losses is measured based on 12-month expected credit losses. The Group's allowance for losses balance as of September 30, 2025, December 31, 2024, and September 30, 2024 were NT$98,887, NT$106,504, and NT$102,803, respectively.

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• (i) The Group categorizes accounts receivable from customers based on credit rating standards and characteristics. The loss rates established using historical and current information for specific periods are adjusted for forward-looking considerations to estimate the allowance for losses on notes and accounts receivable. The loss rate methods as of September 30, 2025, December 31, 2024, and September 30, 2024 are as follows:

September 30, 2025 Expected loss rate Total carrying amount Loss allowance December 31, 2024 Expected loss rate Total carrying amount Loss allowance September 30, 2024 Expected loss rate Total carrying amount Loss allowance	Group 1 0.04% $ 5,071,607 $ 2,029 Group 1 0.04% $ 5,161,058 $ 2,064 Group 1 0.04% $ 5,820,768 $ 2,328	Group 2	Group 3 0.09% $ 29,761 $ 27 Group 3 0.09% $ 5,364 $ 5 Group 3 0.09% $ 5,619 $ 5	Group 4	Total $ 5,404,648 $ 6,758
		0.04%		0.1%~100%
		$ 290,121		$ 13,159
		$ 116		$ 4,586
		Group 2		Group 4	Total $ 5,688,837 $ 8,685
		0.04%		0.1%~100%
		$ 504,748		$ 17,667
		$ 202		$ 6,414
		Group 2		Group 4	Total $ 6,385,490 $ 9,197
		0.04%		0.1%~100%
		$ 537,938		$ 21,165
		$ 215		$ 6,649

• Group 1: Standard & Poor's, Fitch, or Moody's rating of A grade, or entities without external agency ratings but rated as A grade according to the Group's credit rating standards.

• Group 2: Standard & Poor's or Fitch rating of BBB grade, Moody's rating of Baa grade, or entities without external agency ratings but rated as B or C grade according to the Group's credit rating standards.

• Group 3: Standard & Poor's or Fitch rating of BB+ grade and below, or Moody's rating of Ba1 grade and below.

• Group 4: Entities without external agency ratings and not rated as A, B, or C grade according to the Group's credit rating standards.

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• (j) The changes in loss allowance for accounts receivable (including notes) and other receivables (including related parties) under the Group's simplified approach are as follows:

2025 January 1 $ 8,685 Reversal of (provision for) impairment loss ( 1,747 ) Effect of Exchange Rate Changes ( 180 ) September 30 $ 6,758	2024 $ 6,041 2,387 769 $ 9,197

• (k) The Group's financial assets measured at amortized cost as of September 30, 2025, December 31, 2024, and September 30, 2024, are all considered low credit risk, therefore their carrying amounts are measured based on 12-month expected credit losses after the balance sheet date.

• C. Liquidity risk

• (a) Cash flow forecasts are performed by each operating entity within the Group and aggregated by the Group's finance department. The Group's finance department monitors the forecast of the Group's liquidity requirements to ensure it has sufficient funds to meet operational needs and maintains adequate unused borrowing facilities at all times to prevent the Group from breaching borrowing limits or covenants. These forecasts take into consideration the Group's debt financing plans, covenant compliance, meeting internal balance sheet ratio targets, and compliance with external regulatory requirements such as foreign exchange controls.

• (b) When the remaining cash held by the Group exceeds the required working capital management needs, the finance department invests the surplus funds in interest-bearing demand deposits, time deposits, money market deposits, and securities. The selected instruments have appropriate maturities or sufficient liquidity to accommodate the aforementioned forecasts and provide adequate flexibility, and are expected to generate immediate cash flows to manage liquidity risk.

• (c) The following table groups the Group's non-derivative financial liabilities by their relevant maturity dates. Non-derivative financial liabilities are analyzed based on the remaining period from the balance sheet date to the contractual maturity date. The contractual cash flow amounts disclosed in the following table are undiscounted amounts.

~ 75 ~

September 30, 2025 Non-derivative financial liabilities: Lease liabilities December 31, 2024 Non-derivative financial liabilities: Lease liabilities September 30, 2024 Non-derivative financial liabilities: Lease liabilities	Within 1 Year	Between 1 and 2years	Between 2 and 5years	Total
	$ 110,540 Within 1 Year	$ 57,555 Between 1 **and 2years **	$ 57,907 Between 2 and 5 years	$ 226,002 Total
	$ 110,974 Within 1 Year	$ 101,025 Between 1 and 2years	$ 87,244 Between 2 and 5years	$ 299,243 Total
	$ 111,969	$ 100,917	$ 120,011	$ 332,897

Except for those mentioned above, all non-derivative financial liabilities of the Group will mature within one year.

1. Fair value information

2. (1) The definitions of different levels of valuation techniques used for measuring the fair value of financial and non-financial instruments are as follows:

   • Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. An active market refers to a market where transactions for assets or liabilities take place with sufficient frequency and volume to provide pricing information on an ongoing basis. The fair values of the Group's investments in listed/OTC stocks and beneficiary certificates belong to this category.

   • Level 2: Observable inputs for the asset or liability, either directly or indirectly, other than quoted prices included in Level 1. The fair values of the Group's derivative instruments and other investments belong to this category.

   • Level 3: Unobservable inputs for the asset or liability. The Group's investments in equity instruments with no active market belong to this category.

3. (2) Financial instruments not measured at fair value

The carrying amounts of the Group's financial instruments not measured at fair value (including cash and cash equivalents, financial assets measured at amortized cost, notes receivable, accounts receivable, other receivables, other current assets, notes payable, accounts payable, other payables, lease liabilities and other current liabilities) are reasonable approximations of their fair values.

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• (3) For financial and non-financial instruments measured at fair value by the Group, the Group classifies them based on the nature, characteristics and risks of assets and liabilities, and their fair value hierarchy levels. The relevant information is as follows:

• A. The Group classifies assets and liabilities based on their nature. The relevant information is as follows:

September 30, 2025 Financial assets: Recurring fair value Financial assets measured at fair value through profit or loss - Open-end funds Financial assets measured at fair value through other comprehensive income - Equity securities Financial liabilities: Recurring fair value Financial liabilities measured at fair value through profit or loss - FX forward contracts December 31, 2024 Financial assets: Recurring fair value Financial assets measured at fair value through profit or loss - Open-end funds Financial assets measured at fair value through other comprehensive income - Equity securities	Level 1	Level 2	Level 3	Total
	$ 76,506	$ -	$ -	$ 76,506
	$ 713,904	$ -	$ 892,555	$1,606,459
	$ -	$ 681	$ -	$ 681
	Level 1	Level 2	Level 3	Total
	$ 11,767	$ -	$ -	$ 11,767
	$ 711,425	$ -	$ 878,553	$1,589,978

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September 30, 2024 Level 1 Level 2 Level 3 Total Financial assets: Recurring fair value Financial assets measured at fair value through profit or loss - Open-end funds $ 11,879 $ - $ - $ 11,879 Financial assets measured at fair value through other comprehensive income - Equity securities $ 800,663 $ - $ 903,246 $ 1,703,909

• B. The methods and assumptions used by the Group to measure fair value are described as follows:

• (a) The market quotations used by the Group as fair value inputs (Level 1) are listed below according to the characteristics of the instruments:

  • Listed (OTC)

  • company stocks Open-end Funds

  • Market quotation Closing price Net asset value

• (b) Except for the financial instruments with active markets mentioned above, the fair values of other financial instruments are obtained through valuation techniques or by referring to counterparty quotations. The fair value obtained through valuation techniques can be determined by referring to the current fair value of other financial instruments with substantially similar terms and characteristics, or by using other valuation techniques, including models utilizing market information available at the consolidated balance sheet date.

• (c) The valuation of derivative financial instruments is based on valuation models widely accepted by market participants, such as discounted cash flow method and option pricing models. Forward foreign exchange contracts are usually valued based on current forward exchange rates.

• (d) The output of valuation models represents approximate estimates, and valuation techniques may not reflect all relevant factors of financial and non-financial instruments held by the Group. Therefore, the estimated values from valuation models are appropriately adjusted based on additional parameters, such as model risk or liquidity risk. According to the Group's fair value valuation model management policy and related control procedures, management believes that valuation adjustments are appropriate and necessary to properly present the fair values of financial and non-financial instruments in the consolidated balance sheet. The price information and parameters used in the valuation process are carefully evaluated and appropriately adjusted according to current market conditions.

~ 78 ~

• (e) The Group incorporates credit risk valuation adjustments into the fair value calculation of financial and non-financial instruments to reflect counterparty credit risk and the Group's credit quality respectively.

• (4) There were no transfers between Level 1 and Level 2 for the nine months ended September 30, 2025 and 2024.

• (5) The following table shows the movements of Level 3 items for the nine months ended September 30, 2025 and 2024:

			Equity securities	Equity securities	Equity securities
			2025		2024
January 1		$	878,553	$	849,276
Gains recognized in other			73,935		30,173
comprehensive income
Effect of Exchange Rate Changes	(		59,933 )		23,797
September 30		$	892,555	$	903,246

• (6) There were no transfers into or out of Level 3 nine months ended September 30, 2025 and 2024.

• (7) The Group's valuation process for fair value classified as Level 3 is conducted by the investment management department, which is responsible for independent fair value verification of financial instruments. The process ensures that valuation results are close to market conditions by using independent source data, confirming that data sources are independent, reliable, consistent with other resources and represent executable prices. The department also regularly calibrates valuation models, performs back-testing, updates required inputs and data for valuation models, and makes any necessary fair value adjustments to ensure reasonable valuation results.

Additionally, the investment management department establishes fair value valuation policies and procedures for financial instruments and ensures compliance with relevant International Financial Reporting Standards.

~ 79 ~

• (8) The quantitative information about significant unobservable inputs used in Level 3 fair value measurement and the sensitivity analysis of changes in significant unobservable inputs are described below:

Non-derivative equity instruments: Unlisted stocks Unlisted stocks Non-derivative equity instruments: Unlisted stocks Unlisted stocks Non-derivative equity instruments: Unlisted stocks Unlisted stocks	Fair value as of September 30, 2025	Valuation technique	Significant unobservable input value	Range (weighted average)	Relationship between inputs and fair value
	$ 823,822 68,733 Fair value as of December 31, 2024	Net asset value method Comparable company method Valuation technique	Lack of market liquidity discount Price-to-book ratio Lack of market liquidity discount Significant unobservable input value	22% 1.13 20% Range (weighted average)	The higher the market liquidity discount, the lower the fair value The higher the multiple, the higher the fair value The higher the market liquidity discount, the lower the fair value Relationship between inputs and fair value
	$ 813,637 64,916 Fair value as of September 30, 2024	Net asset value method Comparable company method Valuation technique	Lack of market liquidity discount Price-to-book ratio Lack of market liquidity discount Significant unobservable input value	23% 1.12 20% Range (weighted average)	The higher the market liquidity discount, the lower the fair value The higher the multiple, the higher the fair value The higher the market liquidity discount, the lower the fair value Relationship between inputs and fair value
	$ 828,551 74,695	Net asset value method Comparable company method	Lack of market liquidity discount Price-to-book ratio Lack of market liquidity discount	22% 1.31 20%	The higher the market liquidity discount, the lower the fair value The higher the multiple, the higher the fair value The higher the market liquidity discount, the lower the fair value

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• (9) The Group carefully evaluates and selects the valuation models and parameters used. However, using different valuation models or parameters may lead to different valuation results. For financial assets and financial liabilities classified as Level 3, if valuation parameters change, the impacts on current profit/loss or other comprehensive income are as follows:

Financial assets	Period	Input value	Change	Recognized in other comprehensive income Favorable change Unfavorable change $ 3,218 ($ 3,218) $ 608 ($ 608) Recognized in other comprehensive income Favorable change Unfavorable change $ 3,194 ($ 3,194) $ 580 ($ 580) Recognized in other comprehensive income Favorable change Unfavorable change $ 3,290 ($ 3,290) $ 570 ($ 570)
Equity instruments Equity instruments Financial assets	September 30, 2025 September 30, 2025 Period	Lack of market liquidity discount Price-to-book ratio Input value	±1% ±1% Change
Equity instruments Equity instruments Financial assets	December 31, 2024 December 31, 2024 Period	Lack of market liquidity discount Price-to-book ratio Input value	±1% ±1% Change
Equity instruments Equity instruments	September 30, 2024 September 30, 2024	Lack of market liquidity discount Price-to-book ratio	±1% ±1%

(XIII) Supplementary Disclosures

1. Information on significant transactions

2. (1) Loans to others: Please refer to Table 1.

3. (2) Endorsements/guarantees provided for others: Please refer to Table 2.

4. (3) Significant securities held at the end of the period (excluding investments in subsidiaries, associates and joint ventures): Please refer to Table 3.

5. (4) Purchases from or sales to related parties amounting to NT$100 million or 20% of paid-in capital or more: Please refer to Table 4.

6. (5) Receivables from related parties amounting to NT$100 million or 20% of paidin capital or more: Please refer to Table 5.

7. (6) Business relationships and significant intercompany transactions between the parent company and subsidiaries, and among subsidiaries: Please refer to Table 6.

~ 81 ~

2. Information on Investee Companies

Names, locations and related information of investee companies (excluding investees in Mainland China): Please refer to Table 7.

1. Information on Investment in Mainland China

2. (1) Basic information: Please refer to Table 8.

3. (2) Significant transactions conducted with investee companies in Mainland China directly or indirectly through other companies in the third areas: Please refer to Table 4, 5 and 6.

(XIV) Operating Segment Information

1. General Information

The Group's main business activities include the development, manufacturing and sales of electronic components and computer peripherals such as electronic signal cables, connectors, electronic signal cables with connectors, printed circuit boards, and precision molds. The chief operating decision maker manages various business operations from a product category perspective, developing businesses based on different market characteristics and demands. Currently, the operations are mainly divided into "Electronic Components Segment" and "Consumer Electronics and Computer Peripherals Segment," both of which are reportable segments.

The information of each operating segment is prepared in accordance with the Group's accounting policies. The Group's chief operating decision maker primarily uses revenue and profit before tax of each operating segment as indicators for performance evaluation and resource allocation.

2. Segment Information

The reportable segment information provided to the chief operating decision maker is as follows:

Three Months Ended September 30, 2025	Electronic Components	Consumer Electronics and Computer Peripherals	Total
Segment Revenue Segment Profit (Loss) Three Months Ended September 30, 2024	$ 3,411,936	$ 1,959,071	$ 5,371,007
	$ 135,867	$ 77,530	$ 213,397
	Electronic Components	Consumer Electronics and Computer Peripherals	Total
Segment Revenue Segment Profit (Loss)	$ 3,668,496	$ 2,342,036	$ 6,010,532
	$ 267,535	$ 129,923	$ 397,458

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Nine Months Ended September 30, 2025	Electronic Components	Consumer Electronics and Computer Peripherals	Total $ 16,818,482 $ 1,033,197 Total $ 16,114,520 $ 1,082,503
Segment Revenue Segment Profit (Loss) Nine Months Ended September 30, 2024	$ 10,188,164	$ 6,630,318
	$ 688,923	$ 344,274
	Electronic Components	Consumer Electronics and Computer Peripherals
Segment Revenue Segment Profit (Loss)	$ 9,771,629	$ 6,342,891
	$ 600,636	$ 481,867

Note: Since the measurement amount of operating segment assets is not provided to the operating decision maker, the measurement amount of assets to be disclosed is zero.

3. Reconciliation Information for Reportable Segment Revenue and Profit (Loss)

Since the revenue of reportable segments equals enterprise revenue, no reconciliation is needed. Furthermore, the reconciliation between reportable segment profit (loss) and profit (loss) before tax from continuing operations is as follows:

Profit(Loss) Reportable Segment Profit (Loss) Other Profit (Loss) Profit (Loss) before Tax from Continuing Operations Profit(Loss) Reportable Segment Profit (Loss) Other Profit (Loss) Profit (Loss) before Tax from Continuing Operations	Three Months Ended September 30, 2025 $ 213,397 143,463 $ 356,860 Nine Months Ended September 30, 2025 $ 1,033,197 24,898 $ 1,058,095	Three Months Ended September 30, 2024 $ 397,458 2,394 $ 399,852 Nine Months Ended September 30, 2024 $ 1,082,503 23,417 $ 1,105,920

(Blank Below)

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PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

LENDING OF CAPITAL TO OTHERS

For the Nine Months Ended September 30, 2025

Table 1

Unit: NT$ thousand (unless otherwise noted)

Reason for Maximum Nature of Amount of Short-term Limit on Company Transaction Related Balance for Ending Actual Interest Fund Business Financing Allowance Collateral Lending to No. Lending Items Party the Period Balance Disbursement rate Lending Transactions Necessity for Bad Individual Total Limit on (Note 1) Funds Borrower (Note 2) or Not (Note 3) (Note 8) Amount range (Note 4) (Note 5) (Note 6) Debts Name Value Counterparties Lending Notes 1 Honghuasheng CJ Other Yes $ 320,110 $ 298,970 $ 298,970 2.79% Short-term $ - Working $ - None None $ 7,291,132 $ 14,582,264 Note 7 Precision Electric Receivables - Financing Capital Electronics Systems Related (YanTai) Co., Co., Ltd. Parties Ltd.

Note 1: The descriptions of the number column are as follows:

• (1) The issuer fills in 0.

(2) Investee companies are numbered sequentially starting from Arabic numeral 1 by company.

Note 2: If items recorded as receivables from associates, receivables from related parties, shareholder transactions, prepayments, temporary payments, etc., are of a lending nature, they must all be filled in this field.

Note 3: The maximum balance of funds lent to others during the current year.

Note 4: The nature of fund lending should be specified as either business transaction-related or necessary for short-term financing.

Note 5: For fund lending that is business transaction-related in nature, the business transaction amount should be filled in. The business transaction amount refers to the amount of business transactions between the lending company and the borrower in the most recent fiscal year.

• Note 6: For fund lending that is necessary for short-term financing, specific reasons for the necessary lending and the borrower's intended use of funds should be explained, such as: loan repayment, equipment purchase, business operations, etc.

Note 7: When Honghuasheng Precision Electronics (YanTai) Co., Ltd. engages in fund lending, the total amount shall not exceed 400% of the lender's net worth; the limit for individual borrowers shall not exceed 200% of the lender's net worth.

• Note 8: If a public company submits each fund lending case to the Board of Directors for resolution in accordance with Article 14, Paragraph 1 of the "Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies," even though the funds have not yet been disbursed, the amount approved by the Board should still be included in the announced balance to disclose the risk undertaken; however, upon subsequent repayment of funds, the remaining balance after repayment shall be disclosed to reflect the adjustment in risk. If a public company authorizes the Chairman to make loans in installments or on a revolving basis within a certain limit and a one-year period through a Board resolution in accordance with Article 14, Paragraph 2 of the Regulations, the fund lending limit approved by the Board should still be used as the announced balance. Even though funds may be repaid subsequently, considering that they could be loaned again, the fund lending limit approved by the Board should still be used as the announced balance.

Table 1 Page 1

PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

ENDORSEMENTS/GUARANTEES FOR OTHERS

For the Nine Months Ended September 30, 2025

Table 2

Unit: NT$ thousand (unless otherwise noted)

No. (Note 1)	Name of Endorser/ Guarantor Company	Endorsement/ Guaran	tee Recipients	Maximum Endorsement and Guarantee Limit for a Single Enterprise (Note 3)	Highest Endorsement and Guarantee Balance during the Period (Note 4)	Endorsement and Guarantee Balance at the end of Period (Note 5)	Actual Amount Drawn Down (Note 6)	Amount of Endorsements/ Guarantee Secured by Property	Ratio of Cumulative Endorsement/ Guarantee Amount to Net Worth in Latest Financial Statements	Maximum Endorsement/ Guarantee Amount (Note 3)	Endorsements/ Guarantees Made by Parent Company to Subsidiaries (Note 7)	Endorsements/ Guarantees Made by Subsidiaries to Parent Company (Note 7)	Endorsements/ Guarantees Made to Companies in China (Note 7)	Notes
		Company Name	Relationship (Note 2)
1 1 2 2 2	P.I.E. Industrial Berhad P.I.E. Industrial Berhad Pan- International Precision Electronic Co., Ltd. Pan- International Precision Electronic Co., Ltd. Pan- International Precision Electronic Co., Ltd.	Pan-International Electronics (Malaysia) Sdn. Bhd. Pan-International Electronics (Malaysia) Sdn. Bhd. CJ Electric Systems Co., Ltd. Chaohu Ruichang Electric System Co., Ltd. Wuhu Herzhong Automotive Electronics Co., Ltd.	2 2 4 4 4	$ 2,326,962 $ 1,287,142 2,326,962 98,493 1,803,221 866,304 1,803,221 45,730 1,803,221 22,865		$ 1,190,114 92,667 606,482 - -	$ 432,137 6,744 170,840 - -	$ - - - - -	8.55 0.67 4.36 0.00 0.00	$ 4,653,923 4,653,923 1,803,221 1,803,221 1,803,221	N N N N N	N N N N N	N N Y Y Y

Note 1: The descriptions of the number column are as follows:

• (1) The issuer fills in 0.

(2) Investee companies are numbered sequentially starting from Arabic numeral 1 by company.

Note 2: There are 7 types of relationships between the endorser/guarantor and the endorsed/guaranteed party. Simply mark the type:

(1) Companies with business relationship.

(2) Companies in which the Company directly or indirectly holds more than 50% of voting shares.

(3) Companies that directly and indirectly hold more than 50% of voting shares in the Company.

(4) Between companies in which the Company directly and indirectly holds 90% or more of voting shares.

(5) Companies that mutually guarantee each other as required by contracts for needs of contracting construction work or joint builders.

(6) Companies that are guaranteed by all shareholders in proportion to their shareholding percentages due to joint investment relationship.

Table 2 Page 1

• (7) Joint and several guarantees for performance of pre-sale housing sales contracts between companies in the same industry in accordance with the Consumer Protection Act.

• Note 3: The total amount of endorsements or guarantees provided by the Company to others shall not exceed 100% of the Company's net worth; the limit for endorsements or guarantees provided to any individual counterparty shall not exceed 50% of the Company's net worth; the total amount of endorsements or guarantees provided by the Company and its subsidiaries as a whole to others shall not exceed 100% of the Company's net worth; the amount of endorsements or guarantees provided by the Company and its subsidiaries as a whole to a single enterprise shall not exceed 50% of the Company's net worth. The total amount of endorsements or guarantees provided by P.I.E Industrial Berhad to others shall not exceed 100% of its net worth; the limit for endorsements or guarantees provided to any individual entity shall not exceed 50% of its net worth. For endorsements or guarantees between foreign subsidiaries in which the Company directly and indirectly holds 100% of voting shares, the total amount shall not exceed 100% of the guarantor's net worth, and the limit for any individual entity shall not exceed 100% of the guarantor's net worth.

• Note 4: The maximum balance of endorsements or guarantees provided to others during the current year.

• Note 5: The amount approved by the Board of Directors should be filled in. However, if the Board of Directors authorizes the Chairman to make decisions according to Article 12, Paragraph 8 of the "Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies", this refers to the amount decided by the Chairman.

• Note 6: The actual amount drawn by the guaranteed company within the balance of endorsements/guarantees should be entered.

• Note 7: 'Y' should only be filled in for endorsements/guarantees provided by listed parent companies to subsidiaries, by subsidiaries to listed parent companies, or for endorsements/guarantees in Mainland China.

Table 2 Page 2

PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

SECURITIES HELD AT END OF PERIOD (EXCLUDING INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES)

September 30, 2025

Unit: NT$ thousand (unless otherwise noted)

Table 3 Companies Held	Type of Securities	Name of Securities	Relationship with Securities Issuer	Account Subject		Unit: NT$ thousand (unl End of Period	Unit: NT$ thousand (unl End of Period	ess otherwise	noted) Notes
					Number of Shares/ Beneficiary Certificates	Carrying Amount (Note 1)	Shareholding Ratio	Fair Value
Pan-International Industrial Corp. Pan-International Industrial Corp. P.I.E. Industrial Berhad Pan Global Holding Co., Ltd. Pan Global Holding Co., Ltd.	Corporate bonds Common Stock Open-end Funds Class B Shares Common Stock	Shin Kong Life Insurance Co., Ltd. 2023 First Unsecured Cumulative Subordinated Corporate Bonds Innolux Corporation Affin Hwang Aiiman Money Market FundI Cybertan Technology Corp. Fsk Holdings Limited	None None None Companies using equity method to evaluate investments in this company are the same as this Company Companies using equity method to evaluate investments in this company are the same as this company	Financial Assets Measured at Amortized Cost - Non-current Financial Assets Measured at Fair Value through Other Comprehensive Income - Non-current Financial Assets Measured at Fair Value through Profit or Loss - Current Financial assets measured at fair value through other comprehensive income - non-current Financial assets measured at fair value through other comprehensive income - non-current	- 49,576,655 17,793,911 28,498,993 50,400,000	$ 290,000 713,904 76,409 695,337 128,484	- $ 290,000 0.62 713,904 0.77 76,409 16.87 695,337 17.50 128,484

Note 1: The disclosure standard for securities held at the end of period is securities with carrying amount reaching 5% or more of the total amount of that account.

Table 3 Page 1

PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

PURCHASES OR SALES WITH RELATED PARTIES REACHING NT$100 MILLION OR 20% OF PAID-IN CAPITAL OR MORE

For the Nine Months Ended September 30, 2025

Table 4

Unit: NT$ thousand (Unless Otherwise Specified)

Purchasing (Selling) Company	Trading Counterparty	Relationship		Transaction Details	Transaction Details		Differences in Transaction Terms from Regular Transactions and Reasons	Differences in Transaction Terms from Regular Transactions and Reasons	Notes and Accounts Receivable (Payable)	Notes and Accounts Receivable (Payable)	Notes
			Purchases (Sales)	Amount	Percentage of Total Purchases (Sales)	Credit Period	Unit Price	Credit Period	Balance	Percentage of Total Notes and Accounts Receivable (Payable)
Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. P.I.E. Industrial Berhad Newocean Precision Component (Jiangxi) Co.,Ltd CJ Electric Systems Co., Ltd. Pan-International Industrial Corp.	Pan-International Electronics, Inc. Cloud Network Technology Singapore Pte. Ltd. Hongfujin Precision Industry (Wuhan) Co., Ltd. FIH (Hong Kong) Limited Hon Hai Precision Industry Co., Ltd. Cloud Network Technology Singapore Pte. Ltd. Foxconn Interconnect Technology Limited Taiwan Branch (Cayman) YiBing Pan-International Vehicle Wire Co., Ltd. Honghuasheng Precision Electronics (YanTai) Co., Ltd.	The Company's indirectly invested subsidiary Hon Hai Precision's Indirectly Invested Subsidiary Hon Hai Precision's Indirectly Invested Subsidiary Hon Hai Precision's Indirectly Invested Subsidiary Company accounted for using equity method by the Company Hon Hai Precision's Indirectly Invested Subsidiary Hon Hai Precision's Indirectly Invested Subsidiary The Company's indirectly invested subsidiary The Company's indirectly invested subsidiary	Sales Sales Sales Sales Sales Sales Sales Sales Purchases of Goods	$ 202,149 109,528 644,426 239,262 2,352,996 134,960 878,122 413,268 2,910,163	3 2 9 4 34 3 98 17 46	120-day T/T after monthly closing 90-day T/T after monthly closing 90-day T/T after monthly closing 90-day T/T after monthly closing 90-day T/T after monthly closing 30 days End of Month (EOM) 60 days End of Month (EOM) 30 days End of Month (EOM) 90 days End of Month (EOM)	No comparison basis as not sold to other customers No comparison basis as not sold to other customers No comparison basis as not sold to other customers No comparison basis as not sold to other customers No comparison basis as not sold to other customers No comparison basis as not sold to other customers No comparison basis as not sold to other customers No sales to other customers for price comparison No comparison basis due to single supplier	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	$ 30,355 $ 49,506 331,763 131,354 1,179,482 50,407 304,591 486,417 ( 785,509)	1 2 13 5 46 4 99 59 ( 39)

Table 4 Page 1

Purchasing (Selling) Company	Trading Counterparty	Relationship		Transaction Details	Transaction Details		Differences in Transaction Terms from Regular Transactions and Reasons	Differences in Transaction Terms from Regular Transactions and Reasons	Notes and Accounts Receivable (Payable)	Notes and Accounts Receivable (Payable)	Notes
			Purchases (Sales)	Amount	Percentage of Total Purchases (Sales)	Credit Period	Unit Price	Credit Period	Balance	Percentage of Total Notes and Accounts Receivable (Payable)
Pan-International Industrial Corp. Pan-International Industrial Corp. Tekcon Huizhou Electronics Co., Ltd. Tekcon Electronics Corp.	Pan-International Precision Electronic Co., Ltd. Foxconn Interconnect Technology Limited Taiwan Branch (Cayman) Huaian Fulitong Trading Co., Ltd. Foxconn Interconnect Technology Limited Taiwan Branch (Cayman)	The Company's indirectly invested subsidiary Hon Hai Precision's Indirectly Invested Subsidiary Hon Hai Precision's Indirectly Invested Subsidiary Hon Hai Precision's Indirectly Invested Subsidiary	Purchases of Goods Purchases of Goods Purchases of Goods Purchases of Goods	682,023 1,053,449 145,442 607,249	11 17 91 96	90 days End of Month (EOM) 90 days End of Month (EOM) 90 days End of Month (EOM) 120 days End of Month (EOM)	No comparison basis due to single supplier No comparison basis due to single supplier No comparison basis due to single supplier No comparison basis due to single supplier	No significant difference No significant difference No significant difference No significant difference	( 181,300) ( 432,428) ( 195,073) ( 175,135)	( 9) ( 22) ( 90) ( 85)

Table 4 Page 2

PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

RECEIVABLES FROM RELATED PARTIES REACHING NT$100 MILLION OR 20% OF PAID-IN CAPITAL

September 30, 2025

Table 5

Unit: NT$ thousand (Unless Otherwise Specified)

Companies recognized with accounts receivable	Trading Counterparty	Relationship	Balance of Receivables from Related Parties (Note 1)	Turnover Rate	Overdue Receivables from Related Parties	Overdue Receivables from Related Parties	Amount of Receivables From Related Parties Subsequently Collected	Allowance for Loss Provided
					Amount	Action Taken
Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Honghuasheng Precision Electronics (YanTai) Co., Ltd. Pan-International Precision Electronic Co., Ltd. Newocean Precision Component (Jiangxi) Co.,Ltd CJ Electric Systems Co., Ltd.	Hongfujin Precision Industry (Wuhan) Co., Ltd. Hon Hai Precision Industry Co., Ltd. FIH (Hong Kong) Limited Pan-International Industrial Corp. Pan-International Industrial Corp. Foxconn Interconnect Technology Limited Taiwan Branch (Cayman) YiBing Pan-International Vehicle Wire Co., Ltd.	Hon Hai Precision's Indirectly Invested Subsidiary Company accounted for using equity method by the Company Hon Hai Precision's Indirectly Invested Subsidiary Parent company of our company Parent company of our company Hon Hai Precision's Indirectly Invested Subsidiary The Company's indirectly invested subsidiary	$ 331,763 1,179,482 131,354 785,509 181,300 304,591 486,417	2.82 3.41 2.94 4.15 5.87 3.85 1.45	$ - 6,792 - - - - -	- Subsequent collection - - - - -	$ 168,017 613,550 68,310 152,225 95,998 45,430 -	$ 133 472 53 317 - 122 -

Note 1: For information regarding receivables from related party financing that reach NT$100 million or 20% of paid-in capital, please refer to the explanation in Table 1.

Table 5 Page 1

PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

BUSINESS RELATIONSHIPS, SIGNIFICANT TRANSACTIONS AND AMOUNTS BETWEEN PARENT COMPANY, SUBSIDIARIES AND AMONG SUBSIDIARIES

For the Nine Months Ended September 30, 2025

Table 6

Unit: NT$ thousand (Unless Otherwise Specified)

Trading Details (Note 4, Note 7)

No. (Note 1)	Trading Party Name	Trading Counterparty	Relationship with Trading Party (Note 2)	Account	Amount	Trading Terms	Percentage of Consolidated Revenue or Total Assets(Note 3)
0 0 0 1 2 3 3	Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Honghuasheng Precision Electronics (YanTai) Co., Ltd. Pan-International Precision Electronic Co., Ltd. CJ Electric Systems Co., Ltd. CJ Electric Systems Co., Ltd.	Honghuasheng Precision Electronics (YanTai) Co., Ltd. Pan-International Precision Electronic Co., Ltd. Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. YiBing Pan-International Vehicle Wire Co., Ltd. YiBing Pan-International Vehicle Wire Co., Ltd.	1 1 1 2 2 3 3	Purchases of Goods Purchases of Goods Sales Accounts Receivable Accounts Receivable Sales Accounts Receivable	2,910,163 682,023 202,149 785,509 181,300 413,268 486,417	Note 5 Note 5 Note 5 Note 5 Note 5 Note 6 Note 6	17 4 1 3 1 2 2

• Note 1: Business transactions between the parent company and subsidiaries should be indicated separately in the number column. The numbering method is as follows:

• (1) Parent company is numbered 0

• (2) Subsidiaries are numbered sequentially starting from Arabic numeral 1 according to company.

• Note 2: There are three types of relationships with transaction parties. Simply indicate the type (If it's the same transaction between parent-subsidiary or between subsidiaries, no need for repeated disclosure). For example, transactions between the parent company and its subsidiaries need not be repeatedly disclosed by the subsidiaries if already disclosed by the parent company; similarly, for transactions between subsidiaries, if one subsidiary has already disclosed the transaction, the other subsidiary need not repeat the disclosure:

• (1) Parent company to subsidiary.

• (2) Subsidiary to parent company.

• (3) Subsidiary to subsidiary.

• Note 3: For calculating the ratio of transaction amounts to consolidated total revenue or total assets: for balance sheet items, calculate using the ending balance as a percentage of consolidated total assets; for income statement items, calculate using the accumulated amount at period end as a percentage of consolidated total revenue.

• Note 4: The disclosure standard for the above business transactions between parent company and subsidiaries is when the amounts of purchases, sales, and receivables from related parties reach 1% of total assets or 5% of revenue.

• Note 5: Transaction prices are negotiated, and payment terms are 90 days monthly closing.

• Note 6: Transaction prices are negotiated, and payment terms are 30 days monthly closing.

• Note 7: For information regarding receivables from related party financing that reach NT$100 million or 20% of paid-in capital, please refer to the explanation in Table 1.

Table 6 Page 1

PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

NAMES, LOCATIONS AND RELATED INFORMATION OF INVESTEE COMPANIES (EXCLUDING INVESTEES IN MAINLAND CHINA)

September 30, 2025

Table 7

Unit: NT$ thousand (Unless Otherwise Specified)

Name of investing company	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	End Of Period Holding	End Of Period Holding	End Of Period Holding	Current Period Profit/ Loss of Investee Company	Investment Profit/Loss Recognized in Current Period	Notes
				End of Current Period	End of Last Year	Number of Shares	Ratio	Carrying Amount
Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Pan-International Industrial Corp. Yann-Yang Investment Corp. Pan Global Holding Co., Ltd. Pan Global Holding Co., Ltd. Pan Global Holding Co., Ltd. Pan Global Holding Co., Ltd. Pan Global Holding Co., Ltd. Tekcon Electronics Corp.	Pan Global Holding Co., Ltd. Pan-International Electronics, Inc. Yann-Yang Investment Corp. Global Greenchain Innovation Sdn. Bhd. Pan-International Electronics (Thailand) Co., Ltd. Tekcon Electronics Corp. P.I.E. Industrial Berhad (PIB) Beyond Achieve Enterprises Limited(BAE) Team Union International Ltd.(TUI) East Honest Holdings Limited(EHH) Long Time Technology Co., Ltd Long Time Technology Co., Ltd	British Virgin Islands United States Taiwan Malaysia Thailand Taiwan Malaysia British Virgin Islands Hong Kong Hong Kong Taiwan Taiwan	Holding Company Sales of Electronic Related Products Investment Company Production and Sales of Electronic Products Production and Sales of Connection Cables Production and Sales of Electronic Signal Cables with Connectors Holding Company Holding Company Holding Company Holding Company Electronic Components Electronic Components	$ 1,759,731 73,142 363,997 427,865 176,587 393,898 42,471 292,272 560,188 3,264,233 646,000 250,000	$ 1,759,731 73,142 363,997 - 176,587 393,898 42,471 292,272 560,188 3,264,233 646,000 250,000	6,726 28,000 33,316,236 60,500,000 4,090,900 21,960,504 197,459,985 9,600,000 18,768,601 665,799,420 20,187,500 7,812,500	100 100 100 100 45 83.58 51.42 100 100 100 16.93 5.48	$ 9,890,218 254,147 108,396 437,418 171,405 99,635 2,305,766 716,398 1,864,037 3,645,852 382,136 147,898	$ 446,342 5,000 7,108 ( 39) ( 12,653) 8,527 176,679 ( 8,235) 85,925 312,671 ( 171,402) ( 171,402)	$ 446,342 5,000 7,108 ( 39) ( 5,694) 7,127 93,776 ( 8,235) 85,925 312,671 ( 29,018) ( 11,227)	Note 1 Note 2 Note 3 Note 4

Table 7 Page 1

Name of investing company	Name of Investee Company	Location	Main Business Activities	Original Investment Amount	Original Investment Amount	End Of Period Holding	End Of Period Holding	End Of Period Holding	Current Period Profit/ Loss of Investee Company	Investment Profit/Loss Recognized in Current Period	Notes
				End of Current Period	End of Last Year	Number of Shares	Ratio	Carrying Amount
Pan-International Electronics (Malaysia) Sdn. Bhd.	Pan-International Corporation (S) Pte. Ltd.(PIS)	Singapore	Production and Sales of Electronic Signal Cables with Connectors	2,361	2,361	100,000	30	2,851	190	-	Note 5

Note 1: The Company mainly invests indirectly through PIB in Pan-International Electronics (Malaysia) Sdn. Bhd. and Pan-International Wire & Cable (Malaysia) Sdn. Bhd. for the production of cables with connectors or electronic products and sales in Malaysia.

Note 2: The Company mainly invests indirectly through BAE in Newocean Precision Component (Jiangxi) Co., Ltd. For the disclosure of investment information in Mainland China, please refer to Table 8.

Note 3: The Company mainly invests indirectly through TUI in Pan-International Precision Electronic Co., Ltd. For the disclosure of investment information in Mainland China, please refer to Table 8. Note 4: The Company mainly invests indirectly through EHH in Honghuasheng Precision Electronics (YanTai) Co., Ltd. For the disclosure of investment information in Mainland China, please refer to Table 8. Note 5: The Company's subsidiary PIS conducted a cash capital increase in the first quarter of 2023, and the Group did not subscribe according to its shareholding ratio, resulting in a decrease in shareholding ratio to 30%. Note 6: The figures in this table are presented in New Taiwan Dollars. For amounts involving foreign currencies, they are converted to New Taiwan Dollars using the exchange rate as of the financial report date.

Table 7 Page 2

PAN-INTERNATIONAL INDUSTRIAL CORP. AND SUBSIDIARIES

INFORMATION ON INVESTMENT IN MAINLAND CHINA - BASIC INFORMATION

For the Nine Months Ended September 30, 2025

Table 8

Unit: NT$ thousand (unless otherwise noted)

Name of Investee Company in Mainland China	Main Business Activities	Paid-in Capital:	Investment Method (Note 2)	Accumulated Investment Amount Remitted from Taiwan at Beginning of Period	Investment Amount Remitted or Repatriated in Current Period	Accumulated Investment Amount Remitted from Taiwan at End of Period	Current Period Profit/ Loss of Investee Company	Shareholding Ratio of Direct or Indirect Investment by the Company	Investment Gain (Loss) Recognized in Current Period (Note 3)	Investment Carrying Amount at End of Period	Accumulated Investment Income Repatriated as of Current Period Notes
					Remitted Repatriated
Honghuasheng Precision Electronics (YanTai) Co., Ltd. Pan-International Precision Electronic Co., Ltd. Pan-International Sunrise Trading Corp. Fuyu properties (Shanghai) Co., Ltd.	Manufacturing and sales of rigid single/double- sided printed circuit boards, rigid multi-layer printed circuit boards, flexible multi-layer printed circuit boards and other printed circuit boards Manufacturing and sales of wires, cables, connection wires, connectors, and wire plugs Sales of cables, computer accessories, wireless Bluetooth devices, and turnkey solutions Engaged in industrial design, other specialized design services, car rental, other general merchandise retail, computer and peripheral equipment, software sales, communication equipment retail, audio- visual equipment retail, auto and motorcycle parts and accessories retail, and e-commerce business for the aforementioned retail goods and equipment	$ 2,612,181 499,298 12,813 5,003,583	2 2 3 2	$ 2,694,383 380,563 - 829,626	$ - $ - - - - - - -	$ 2,694,383 380,563 - 829,626	$ 411,536 85,812 6,670 17,535	100 100 100 16.87	$ 411,536 85,812 6,670 -	$ 3,645,566 1,803,221 116,445 695,337	$ 1,504,679 Note 4 - Note 6 - - Note 8

Table 8 Page 1

Name of Investee Company in Mainland China	Main Business Activities	Main Business Activities	Paid-in Capital:	Investment Method (Note 2)	Accumulated Investment Amount Remitted from Taiwan at Beginning of Period	Investment Amount Remitted or Repatriated in Current Period	Investment Amount Remitted or Repatriated in Current Period	Accumulated Investment Amount Remitted from Taiwan at End of Period	Current Period Profit/ Loss of Investee Company	Current Period Profit/ Loss of Investee Company	Shareholding Ratio of Direct or Indirect Investment by the Company	Investment Gain (Loss) Recognized in Current Period (Note 3)	Investment Carrying Amount at End of Period	Accumulated Investment Income Repatriated as of Current Period Notes
						Remitted Repatriated
Newocean Precision Component (Jiangxi) Co.,Ltd CJ Electric Systems Co., Ltd. YiBing Pan- International Vehicle Wire Co., Ltd. **Company **	Production and operation of various plugs, sockets, and telecommunications business 292,272 2 - Production and sales of automotive wire harness products 333,112 3 - Manufacturing of auto parts and accessories, intelligent in-vehicle equipment, etc. 160,077 3 - Name Cumulative Amount of Investments Remitted from Taiwan to Mainland China as of the end of the Period(Notes 5 and 6)						- - - ( - - - - - - Investment Amount Approved by the Investment Commission, MOEA			8,235 ) 100 ( 8,235) 716,397 - (22,468 ) 100 (22,468) 1,286,190 - (11,985 ) 100 (11,985) 59,317 - Investment limit in Mainland China According to Regulations of the Investment Commission, MOEA (Note 7) $ -
Pan-International Industrial Corp.		$ 4,316,827					$ 6,224,157

Note 1: The figures in this table are presented in New Taiwan Dollars. For amounts involving foreign currencies, they are converted to New Taiwan Dollars using the exchange rate as of the financial report date. Note 2: Investment methods are classified into the following three categories:

1. Direct investment in Mainland China.

2. Investment in Mainland China through a third-region company Pan Global Holding Co., Ltd

3. Other methods.

Companies reinvested in Mainland China through China investment enterprises include Pan-International Sunrise Trading Corp., CJ Electric Systems Co., Ltd., and YiBing Pan-International Vehicle Wire Co., Ltd. Except for those China investment enterprises that are holding companies, their reinvestments must obtain prior approval from the Investment Commission of the Ministry of Economic Affairs, while other reinvestments do not require application to the Investment Commission.

Note 3: The recognized investment gains/losses column, except for Pan-International Sunrise Trading Corp., are recognized based on financial reports that have been audited or reviewed by accountants. Note 4: In the first quarter of 2012, the Company acquired 100% equity of East Honest Holdings Limited through its subsidiary Pan Global Holding Co., Ltd., and indirectly acquired Honghuasheng Precision Electronics (YanTai) Co., Ltd., with an approved investment amount of USD 107,217 thousand from the Investment Commission of the Ministry of Economic Affairs.

Note 5: As of September 30, 2025, the Company obtained approval from the Investment Commission of the Ministry of Economic Affairs for the following investment withdrawal cases:

Table 8 Page 2

Date	Approval Document Number	Name of Investee Company	Original Investment Amount Remitted from Taiwan
September 5, 2003 December 9, 2010 May 30, 2011 May 30, 2011 May 30, 2011	0920028972 09900496780 10000205680 10000205690 10000205700	Dongguan Junwang Technology Co., Ltd. Saibo Digital Technology (Guangzhou) Co., Ltd. Yunnan Saibo Digital Technology Co., Ltd. Chongqing Saibotel Digital Square Co., Ltd. Nanchong Saibo Digital Square Co., Ltd.	USD 91 thousand 476 thousand 190 thousand 454 thousand 58 thousand
			USD 1,269 thousand

Due to losses of these reinvested companies, the original investment amount remitted from Taiwan cannot be deducted from the mainland China investment quota.

Note 6: The Company obtained approval from the Ministry of Economic Affairs Investment Commission in November 2011 under Letter Economic-Review-Two No. 10000518690 to revoke the unapplied approved investment amount of USD 500 thousand in Pan-International Precision Electronic Co., Ltd. On October 30, 2014, the Company obtained approval from the Ministry of Economic Affairs Investment Commission under Letter Economic-Review-Two No. 10300233110 for the transfer of 42 companies, including Cyberport Digital Tech (Qingdao) Co., Ltd, to LE ZHIWAN RANCH HOLDING INVESTMENT LIMITED in Samoa. In March 2017, the Company obtained approval from the Ministry of Economic Affairs Investment Commission under Letter Economic-Review-Two No. 10600038030 to revoke the unapplied approved investment amount of USD 5,200 thousand in UER Technology Corporation (Shenzhen).

Note 7: In December 2022, the Company obtained the certificate of compliance with operational headquarters scope from the Industrial Development Bureau, Ministry of Economic Affairs (Letter No. 11120436260), effective from November 29, 2022 to November 28, 2025, during which period no investment limit calculation is required.

Note 8: In the second quarter of 2021, the Company's subsidiary Pan Global Holding Co., Ltd. sold its 16.87% Class A shares in Cybertan Technology Corp., indirectly disposing of its mainland China investment enterprise Fuyu Properties (Shanghai) Co., Ltd., As of September 30, 2025, the Company indirectly held 16.87% Class B shares in its reinvested enterprise Fuyu Properties (Shanghai) Co., Ltd.

Table 8 Page 3