ABONMAX CO., LTD

2026 Annual Shareholders’ Meeting Agenda

Time: 9:30 a.m. on Tuesday, June 16, 2026

Location: Company Address: Conference Hall, 4F, No. 286, Xianxi Rd., Zhongli Dist., Taoyuan City.

Meeting method: Method of Meeting: Physical Shareholders' Meeting

Important Disclaimer

This is a translation of the agenda for the 2026 Annual General Meeting (“the agenda”) of ABONMAX CO., LTD. (“the Company”). The translation is intended for reference only and no other purpose. The Company hereby disclaims any and all liabilities whatsoever for the translation. The Chinese text of the agenda shall govern any and all matters related to the interpretation of the subject matter stated herein.

Table of Content

Page

One. Meeting Procedure ... 1
Two. Meeting Agenda ... 2
Three. Matters for Report ... 3
Four. Matters for Ratification ... 3
Five. Matters for Discussion ... 4
Six. Special Motions ... 8
Seven. Adjournment ... 8
Eight. Appendix
I. Business Report ... 9
II. Audit Report of the Audit Committee ... 13
III. 2025 Statement of Loss Allocation ... 14
IV. 2025 Consolidated Financial Statements and Independent Auditor's Report ... 15
V. 2025 Parent Company Only Financial Statements and Independent Auditor's Report ... 26
VI. Articles of Incorporation ... 36
VII. Rules of Procedure for Shareholders’ Meetings ... 43
VIII. Table of Comparison of Amendments to Selected Provisions of the Rules of Procedure for Shareholders’ Meetings ... 57
IX. Shareholding of All Directors ... 63

One. Meeting Procedure 1

AbonMax Co., Ltd.

Procedure for the 2026 Annual General Meeting

I. Call the meeting to order
II. Chairperson remark
III. Matters for report
IV. Matters for ratification
V. Matters for discussion
VI. Special motions
VII. Adjournment

Two. Meeting Agenda

AbonMax Co., Ltd.
Agenda for the 2025 Annual General Meeting

Time: June 16, 2026 (Tuesday), 9:30 am
Location: 4th Floor Conference Room, No. 286, Section 1, Gaotie Zhanqian West Road, Zhongli District, Taoyuan City
Method of convening: In-person shareholders' meeting

I. Calling the meeting to order (reporting the number of shares in attendance)

II. Chairperson remark

III. Matters for report
(I) 2025 Business Report.
(II) 2025 Audit Report of the Audit Committee.
(III) Report on the status of raising capital through private placement
(IV) The Company has reported that its accumulated losses have reached half of its paid-up capital.

IV. Matters for ratification
(I) Motion for 2025 business report and financial statements.
(II) Motion for 2025 loss allocation.

V. Matters for discussion
(I) Issue of new common shares through private placement
(II) Proposal to amend the Company's "Rules of Procedure for Shareholders' Meetings."

VI. Special motions

VII. Adjournment

Three. Matters for Report

Report 1

Subject: 2025 Business Report.

Note: For the 2025 Business Report, please refer to pp.7-9 of the Appendix to this Handbook.

Report 2

Subject: 2025 Audit Report of the Audit Committee.

Description: For the Company's Audit Report of the Audit Committee, please refer to p.10 of the Appendix to this Handbook.

Report 3

Subject: Report on the status of issue of new common shares through private placement

Description:

On June 13, 2025, the Company’s AGM adopted a resolution to issue common shares through a private placement of up to 10,000 thousand shares at a par value of NT$10 per share. As there are no plans to continue with the private placement, the remaining 10,000 thousand shares will not be privately placed.

Motion 4

Subject: Report on Accumulated Losses Equal to Half of Paid-In Capital.

Description:

According to Article 211 of the Company Act, the Board of Directors is required to report to the next shareholders’ meeting when accumulated losses reach one-half of the paid-in capital. As of year-end 2025, the Company’s accumulated losses, as audited by Certified Public Accountants, amounted to NT$522,014,318, exceeding half of the paid-in capital. In compliance with the law, this matter was reported at the annual shareholders’ meeting.

Four. Matters for Ratification

Motion 1: Proposed by the Board of Directors

Subject: Motion for 2025 business report and financial statements.

Description: 1. The Company's 2025 consolidated and parent company only financial statements (balance sheets, statements of

comprehensive income, statements of changes in equity and statements of cash flows) were approved by the Board of Directors on March 12, 2026, and they were audited by CPAs Su Ting-Chien and Wang Hsiang-Min of Deloitte & Touche. The above statements and the Company's 2025 business report have been reviewed by the Audit Committee, with an audit report issued.

For the business report, please refer to pp.7-9 of this Handbook. For the financial statements, please refer to pp.12-31 of this Handbook.
Please proceed with ratification.

Motion 2: Proposed by the Board of Directors

Subject: Motion for 2024 loss allocation.

Description:

The Company had an opening deficit balance of NT$402,090,565 for 2025, with a net loss after tax of NT$119,923,753 for the current period, resulting in an accumulated deficit of NT$522,014,318 at the end of the period. Therefore, there were no earnings available for distribution, and it is proposed that no dividends or bonuses be distributed, nor any remuneration be allocated to employees and directors.
For the 2025 Statement of Loss Allocation, please refer to p.11 of the Appendix to this Handbook
Please proceed with ratification.

Five. Matters for Discussion

Motion 1: Proposed by the Board of Directors

Subject: Motion for raising capital through private placement.

Description:

I. To repay loans, strengthen working capital, improve its financial structure, and ensure timely fundraising, the Company plans to issue up to 10,000,000 new common shares through a private placement at a par value of NT$10 per share. 10,000,000 shares are expected to be issued through private placement this time, bringing the total expected private placement to 43,197,208 shares. If the full amount is raised, the Company will have issued a total of 95,500,000 shares, with the shares privately placed representing 45.23% of the total

outstanding shares.

II. Pursuant to Article 43-6 of the Securities and Exchange Act, the following information must be disclosed for a private placement:

The basis and rationality of the price of the private placement:

(I) The price of the private placement of common shares is calculated in accordance with the provisions of the “Directions for Public Companies Conducting Private Placements of Securities” using the simple arithmetic mean of the closing prices of the Company’s common shares for one, three, or five business days prior to the pricing date, adjusted for stock dividends and stock distributions, and adding back the price after any reverse stock splits. This is compared to the simple arithmetic mean of the closing prices of common shares for the 30 business days prior to the pricing date, also adjusted for bonus share rights and dividend distributions, and adding back the share price after any reverse capital reduction adjustments, with the higher of the two calculations serving as the reference price.

(II) Private placement price: The actual issue price of the private placement will be set at no less than 80% of the reference price. The actual pricing date will depend on specific persons. It is proposed that the Board of Directors be authorized to determine the price in accordance with the above method, at a percentage no lower than that resolved by the shareholders' meeting.

(III) The setting of the private placement price is based on the Company's performance, future prospects, and recent share price. For the time being, March 12, 2026, the date of the Board of Directors’ resolution on the private placement, is the pricing date. The reference price is tentatively set at NT$60.16 per share, and the private placement price is tentatively set at NT$49 per share. This reference price is based on the simple arithmetic average of the closing prices of the Company’s common shares for the 30 business days prior to the common share pricing date, which is NT$60.16. Therefore, the actual private placement price will be based on not less than 80% of the reference price, tentatively set at NT$49.

(IV) If the market factor later affects the private placement of common shares and may result in a price below the par value, the impact on shareholders' equity will be the cumulative loss arising from the difference between the actual private placement price and the par value. This loss will be reported to the Board of Directors for a resolution on whether to offset it with a capital reduction, retained earnings, or capital surplus,

depending on future operating results.

(V) Given the strict limitations under the Securities and Exchange Act regarding the timing, recipients, and quantity of securities privately placed, and the prohibition of public offerings within three years, the pricing of the private placement is reasonable considering the time risk.

Method for selecting specific persons:

The common shares offered will be raised from investors who meet the requirements of Article 43-6 of the Securities and Exchange Act. The Company currently does not have specific places. The selection criteria for places are as follows:

If the placee is a related party or an insider, the selection method and criteria will consider the placee's potential interest, the issuance timeline, and the efficiency of fundraising, to ensure the private placement is completed on schedule.

The list is as follows:

(1) List of places, their relationship with the Company, selection method, and purpose.

Specific persons	Relationship between placee and the Company
Star Trend Enterprise Corp.	Corporate legal director
Shi-Da Xing-Wang Co., Ltd.	Corporate legal director
Chou Wei-Kun	Chairman of the Board/Corporate Representative
Liu Chen-Chen	Chief Sustainability Officer/Corporate Representative
Pan Chin-Hsing	General Manager of the Company
Huang Te-Lun	Director of the Company
Liu Li-Hsin	Deputy General Manager of the Company's Integrated Business Division
Yang Tzu-Wei	Chief Financial Officer

(2) Star Trend Enterprise Corp. is a corporate shareholder. According to its shareholder roster dated December 31, 2025, the names of the top ten shareholders and their shareholdings, as well as the relationship between the corporation's shareholders and the company's top ten shareholders, are as follows:

Name of corporate placee shareholder / Shareholding percentage /	Relationship to the Company
Yun-Xing Investment Co., Ltd.	50%
None
Chou Wei-Kun	48.33%
Chairman of the Company
Wu Tsui-Chuan	1.67%
Spouse of the Chairman

(3) Seda Prosperity Co., Ltd. is a corporate shareholder. According to its shareholder roster dated December 31, 2024, the names of the top ten shareholders and their shareholdings, as well as the relationship between the corporation's shareholders and the company's top ten shareholders, are as follows:

Name of corporate placee shareholder	Shareholding percentage	Relationship to the Company
Star Trend Enterprise Corp. Corporate	100%	Director of the Company

3. Reason for the private placement

(1) Reason for not adopting public offering

The Company has a capital requirement to expand its operations. After evaluating the feasibility of a public offering, the timeliness of fundraising, and issuance costs, the Company intends to raise capital from specific persons through a private placement at an appropriate time.

(2) The amount of new shares to be issued through private placement for cash capital increase, the intended use of funds, and the expected benefits:

The Company proposes to conduct a private placement of up to 10,000,000 shares. In view of the necessity to raise funds in multiple tranches, the Board of Directors seeks authorization from the shareholders' meeting to implement the private placement in up to ten tranches within one year from the date of the shareholders' resolution. Each tranche is expected to strengthen the Company's competitiveness, enhance operational efficiency, and reinforce its financial structure, thereby contributing positively to shareholder value.

The uses of capital raised in each private placement and the expected benefits of each tranche are as follows:

a. Number of shares for each tranche of the private placement: The issuance will be conducted in ten tranches, each comprising 1,000,000 shares, with the aggregate not to exceed 10,000,000 shares.

b. Purpose of each private placement: To strengthen working capital and repay loans.

c. Estimated benefits of each tranche: Each tranche is intended to improve the Company's financial structure. Based on the Company's average borrowing rate of 3.1323% in the first quarter of 2024, total interest expense savings are estimated at approximately NT$15,350 thousand (with each tranche saving about NT$1,535 thousand). In addition, the private placements are expected to strengthen the Company's competitiveness, enhance operational efficiency, and reinforce its financial structure, thereby contributing positively to shareholder value.

For each of the aforementioned planned private placements, the number of shares actually issued may include all or part of any previously unissued shares and/or subsequently planned shares,

provided that the aggregate number of shares issued does not exceed 10,000,000 shares.

III. The rights and obligations of the new shares issued through this private placement are identical to those of the Company's existing common shares. However, in accordance with the Securities and Exchange Act, the common shares issued by the Company in a private placement cannot be freely transferred within three years of the delivery date, except to transferees specified under Article 43-8 of the Act. The common shares issued in this private placement will be authorized by the Board of Directors to determine—three years after the delivery date—whether to apply for an approval letter from the competent authority as required by applicable regulations, and subsequently complete the public offering procedures with the Financial Supervisory Commission and apply for listing.

IV. Except for the pricing percentage of the private placement, the key details of this private placement plan—including the issue price, number of shares issued, total capital raised, planned projects, progress of fund utilization, anticipated benefits, and any other unaddressed matters—will be handled by the Board of Directors, authorized by the shareholders' meeting, in accordance with relevant regulations. Any future amendments due to revisions by the competent authority or objective environmental changes will also be subject to applicable regulations.

V. Please proceed with discussion.

Motion 2: Proposed by the Board of Directors

Subject: Amendments to the Rules of Procedure for Shareholders' Meetings of the Company.

Description:

To comply with amendments to relevant laws and regulations and to meet operational requirements, the Company has revised certain provisions of its "Rules of Procedure for Shareholders' Meetings."
Please refer to pages 46–48 of the appendix to this handbook for a comparison table of the amendments before and after revision.
Discussion requested.

Six. Special Motions

Seven. Adjournment

AbonMax Co., Ltd.

Business Report

(I) Business philosophy:

In 2025, the panel industry continued to be impacted by the overall inventory adjustment, war, global inflation, and trade tariffs experienced in 2023. Both sales volume and costs were significantly affected in 2025, marking what could be described as a “cold winter” for the sector. After a downturn in the industry, the market expected the price and shipment volume of panels to remain flat in 2025. The Company has a long-standing expertise in the touch panel industry, consistently earning high marks from customers for both quality and lead times. We have a robust customer base which provides a solid foundation for stable growth. To adapt to market fluctuations, we are actively diversifying our product lines with a focus on higher-value, specialized retail products, such as large-size projected capacitive touch panels, touch panels for medical and gaming applications, and both OEM and OBM offerings. Efforts also include reducing lead times and expanding the development of TDM and TPM products to enhance overall operational performance.

The Company continues to build out physical and virtual channels for its AbonMax branded products, expand sales channels for 65", 75", and 86" touch panels, further develop stable demand from medical and Gaming customers, and establish overseas after-sales service systems while developing collaborations with local agents.

The Company's panel marketing team is deeply rooted in the market and comprises seasoned professionals with a keen understanding of industry characteristics, trends, and dynamics. They excel at developing innovative products aligned with market demands. Moving forward, the team will proactively pursue orders from leading international manufacturers, aiming to increase market share by leveraging the Company’s full range of resources. Supported by strong R&D capabilities, exceptional manufacturing competitiveness, effective cost management, and a superior customer service system, the Company will offer a single point of contact for products and services, reducing customer transaction costs. Future efforts will focus on expanding the customer base, identifying new market opportunities, and building strong local partnerships. Furthermore, by collaborating with regional agents and distributors, the Company will ensure rapid and responsive sales and service to customers across all regions.

Apart from the panel business, the Company established the Green Energy Business Department in 2023, recognizing the growing importance of energy independence for the next generation. Through its subsidiaries, the Company actively engaged in joint ventures for solar power plants and invested in power station construction, aiming to secure stable revenue while contributing to environmental sustainability. In 2025, integrating biomass energy and energy storage to design customer-oriented energy independence solutions became the primary goal of the Company's energy operations, addressing rising energy costs and shortages. The first integrated photovoltaic-storage case was completed in Q4 2025. Photovoltaic storage, biomass energy, and microgrid design will form the main operational focus of the Company's energy business in 2026. Furthermore, the Company invested in drone research and development in 2024. Successful shipments were achieved in Q4 2025, and revenue generation is expected in 2026.

(II) Implementation status and results of the business plan:

The Company's consolidated operating revenue for fiscal year 2025 amounted to NT$490,344 thousand. Consolidated gross profit was NT$15,606 thousand, while consolidated net operating loss totaled NT$137,858 thousand. Compared with fiscal year 2024, operating revenue increased by 59.22%, consolidated gross profit rose by 147.44%, while consolidated net operating loss expanded by 39.29%. Facing a market correction following the surge in demand for the Company's principal product, display panels, during the pandemic, overall market momentum and bargaining power weakened. This situation gradually improved in the second half of fiscal year 2024, as the panel market recovered. In addition, operating revenue and gross profit increased as certain solar power plants within the Green Energy Business Division commenced operations. In addition, the Company has continued to expand into new businesses and power plant projects, with increased investment in drone research and development during fiscal year 2025. Accordingly, despite stabilized profitability and the commencement of operations at certain power plants, these factors were insufficient to offset overall expenditures, resulting in an expanded consolidated net operating loss.

(III) Budget execution: Not applicable

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(IV) Profitability Analysis:

Unit: NTD thousand

Item		2025	2024
Return on assets (%)		(7.39)	(14.94)
Return on Equity (%)		(14.82)	(23.19)
As a percentage of paid-in capital (%)	Operating profit	(16.12)	(11.58)
	Pre-tax profit	(13.90)	(13.45)
Net profit margin (%)		(25.57)	(43.55)
Earnings per share (NT$) (Note)		(1.40)	(2.17)

Note: EPS is calculated based on the retrospectively adjusted number of shares (calculated under IFRSs).

(V) Research and development status:

The Company established the Green Energy Division in fiscal year 2023 and, through its subsidiaries, actively engaged in joint ventures and investments in solar power plant development, aiming to secure stable income while contributing to environmental sustainability. In fiscal year 2024, the Company invested in drone research and development, with revenue generation expected in the second half of fiscal year 2026. In so doing, the Company seeks to enhance product value and achieve the ideal objective of a mutually beneficial outcome with its customers.

The company's R&D results for the past five years are listed below:

Year	Item	Specific R&D achievements
2020	Laser engraving technology	1. The issue with the narrow bezel design has been resolved.
2. The automated production line planning utilizes an inkjet process.
2021	TPM and TDM modules	1. Samples of medium-sized TPM and TDM modules have been sent to customers.
2024	Drone flight control system	1. Semi-automatic flight has been achieved.
2. Automatically lock the target.
3. Long-distance communication transmission.

(VI) Business plan for 2026

In order to cope with the changes in the industrial environment in Taiwan, the Company's main business strategies are as follows:

Short-term:

Meet customer deadlines and secure a stable supply of orders.
Increase the added value of products to differentiate from competitors and gain a competitive advantage.

Actively develop overseas markets and continue to secure orders for new facilities.
Stabilize supply chain relationships and maintain control over supply sources.
Develop solar power plants to provide a long-term stable source of revenue.
Develop photovoltaic energy storage business and optimize photovoltaic storage systems to create new business models.
Accelerate the development of the drone market and supply chain establishment.
Actively engaged in research and development to upgrade drone specifications.

Medium- and long-term:

Vertically integrate the supply chain, secure capacity for critical components, and build a long-term partnership.
In line with market product trends to develop new technologies and optimize business models to enhance market competitiveness.
Develop and design innovative products to improve profitability.
Actively promote our own-brand products and secure product patents to ensure the Company's product advantages.
Continue to expand our successes in solar PV and other renewable energies, and grow our presence in overseas markets.
Continue to advance drone performance and develop the technology for drone automated flight and mission locking based on edge computing centers.
Integration of drones, energy solutions, and AI technologies to create customer application scenarios.

Chairman:
Manager:
Accounting Supervisor:

AbonMax Co., Ltd.

Audit Report of the Audit Committee

The Board of Directors has prepared the Company's 2025 business report, financial statements, and proposal for loss allocation. The financial statements were audited by CPAs Su Ting-Chien and Wang Hsiang-Min of Deloitte & Touche, with an audit report issued. The above-mentioned business report, financial statements, and loss allocation statement have been reviewed by the Audit Committee, and no discrepancies were found. A report is hereby filed pursuant to Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Act. Please review.

Respectfully,

2026 Annual General Meeting of Abonmax Co., Ltd.

Audit Committee of Abonmax Co., Ltd.

Audit Committee Convener: Hsu Ming-Jen

March 27, 2026

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AbonMax Co., Ltd.
Statement of Loss Allocation
2025
Unit: NT$

Item	Amount
Accumulated deficit at beginning of period	-402,090,565
Add: Net loss after tax for the current year	-119,923,753
Accumulated deficit at end of period	-522,014,318

Note: The number of shares is based on the 85,500,000 shares issued as of December 31, 2025. (of which, 33,197,208 shares were from a private placement and 52,302,792 shares were from a public offering)

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Deloitte.

勤業眾信

勤業眾信聯合會計師事務所
110016 台北市信義區松仁路100號20樓

Deloitte & Touche
20F, Taipei Nan Shan Plaza
No. 100, Songren Rd.,
Xinyi Dist., Taipei 110016, Taiwan

Tel: +886 (2) 2725-9988
Fax: +886 (2) 4051-6888
www.deloitte.com.tw

Independent Auditor's Report

To Abonmax Co., Ltd.

Audit Opinions

We have audited the accompanying consolidated balance sheets of Abonmax Co., Ltd. and (the "Company") and its subsidiaries (collectively, the "Group") as of December 31, 2025 and the relevant consolidated statements of comprehensive income, changes in equity and cash flows for the year then ended, and relevant notes to the consolidated financial statements, including a summary of significant accounting policies (collectively referred to as the consolidated financial statements).

In our opinion, based on our audit results, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Group as of December 31, 2025, and its financial performance and its cash flows for the year then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) endorsed and issued into effect by the Financial Supervisory Commission (FSC) of the Republic of China.

Basis for opinion

We conducted our audit in accordance with the Regulations Governing Financial Statements Audit and Attestation Engagements of Certified Public Accountants Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the auditors' responsibilities for the audit of the consolidated financial statements section of our report. We are independent of the Group in accordance with the Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. Based on our audit results and other auditors' reports, we believe that sufficient and appropriate audit evidence has been obtained in order to serve as the basis for expressing the audit opinion.

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Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements for the year ended December 31, 2025. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, we do not provide a separate opinion on these matters.

We hereby state the key audit findings for the 2025 consolidated financial statements of the Group as follows:

Authenticity of sales revenue recognition for specific customers

As a public-listed company, revenue and profitability are key metrics for investors. Specifically, the transaction volume with certain customers is material to overall operating revenue, and is sensitive to economic conditions. Consequently, there is significant risk regarding the veracity of its revenue, and the authenticity of sales to these specific customers is identified as a key audit matter. For the accounting policy on revenue recognition, please refer to Note 4 of the consolidated financial statements.

The main audit procedures that we have implemented for the above matters are as follows:

Understand and assess the effectiveness of the design and implementation of internal controls relevant to audit risks in the sales and cash collection cycle.
A detailed spot check is performed on the sales revenue of specific customers, reviewing supporting documents such as orders, invoices, and shipping documents, as well as payment vouchers, to verify the accuracy of sales revenue recognition for those customers.

Other Matters

We have audited and issued an unqualified opinion on the parent company only financial statements of the Company as at and for the year ended December 31, 2025.

The consolidated financial statements of the Group for 2024 were audited by other independent auditors and issued with an unqualified opinion on March 28, 2025.

Responsibilities of management and those charged with governance for the consolidated financial statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the IFRS, IAS, IFRIC, and SIC endorsed and issued into effect by Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements free from material misstatement, whether due to fraud or error.

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In preparing the consolidated financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

Those charged with governance (including the Audit Committee) are responsible for overseeing the Group's financial reporting process.

Auditor's responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high-level assurance but is not a guarantee that an audit conducted in accordance with the auditing standards will always detect a material misstatement when it exists. Misstatements might be due to fraud or error. If an individual or total amount misstated was reasonably expected to have an impact on the economic decision-making of users of the consolidated financial statements, the misstatement was deemed as material.

As part of an audit in accordance with the auditing standards, we exercise professional judgement and maintain professional skepticism throughout the audit. We also performed the following works:

Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, and whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the
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consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.

Evaluate the overall presentation, structure, and content of the consolidated financial statements, including the disclosure, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient and appropriate audit evidence concerning the financial information of component entities within the Group, to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision, and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with those in charge of governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings (including any significant deficiencies in internal control that we identify during our audit).

We also provided those charged with governance with a statement that we complied with relevant ethical requirements regarding independence, and communicated with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determined those matters that were of most significance in the audit of consolidated financial statements for the year ended December 31, 2025 and are therefore the key audit matters. We describe these matters in our auditor’s report unless the law or regulation precludes public disclosure about the matter, or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

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Deloitte & Touche
CPA Su Ting-Chien
CPA Wang Hsiang-Min

莊雯琪
2. 郝民
Financial Supervisory
Commissionapproval number
Jin-Guan-Zheng-Shen-Zi
No. 1070323246
Financial Supervisory
Commissionapproval number
Jin-Guan-Zheng-Shen-Zi
No. 1110348898
March 27, 2026
- 19 -

AbonMax Co., Ltd and its Subsidiaries
Consolidated Balance Sheet
December 31, 2025 and 2024
Unit: NTD thousand

Code	Assets	December 31, 2025		December 31, 2024 (After adjustment)
		Amount	%	Amount	%
Current assets
1100	Cash and cash equivalents (Note 6)	$ 271,623	16	$ 440,872	34
1136	Financial assets at amortized cost - current (Notes 7 and 29)	5,972	-	4,583	-
1170	Accounts receivable - non-related parties (Notes 9 and 21)	16,707	1	5,743	1
1206	Other receivables (Notes 9, 23 and 28)	5,564	-	7,356	1
130X	Inventory (Note 10)	119,359	7	70,135	5
1476	Other financial assets - current (Note 29)	21,794	1	15,652	1
1479	Other current assets (Notes 16 and 28)	46,976	3	105,349	8
11XX	Total current assets	487,995	28	649,690	50
Non-current assets
1517	Financial assets at fair value through other comprehensive income - non-current (Note 8)	9,779	1	9,915	1
1550	Investments accounted for using the equity method (Note 12)	17,616	1	-	-
1600	Property, plant and equipment (Notes 13, 28 and 29)	485,088	28	262,564	20
1755	Right-of-use assets (Notes 14 and 25)	305,243	17	73,970	5
1805	Intangible assets (Notes 15, 25, and 28)	201,626	12	142,110	11
1840	Deferred tax assets (Notes 23 and 25)	23,496	1	22,160	2
1980	Other financial assets - non-current	6,560	-	6,619	-
1990	Other non-current assets (Notes 16 and 28)	212,046	12	145,592	11
15XX	Total non-current assets	1,261,454	72	662,930	50
1XXX	Total assets	$ 1,749,449	100	$ 1,312,620	100
Code	Liabilities and equity
Current liabilities
2100	Short-term borrowings (Notes 17 and 29)	$ 251,847	14	$ 23,356	2
2111	Short-term notes payable (Note 17)	-	-	85,700	6
2130	Contract liabilities - current (Note 21)	15,232	1	9,662	1
2152	Notes payable	-	-	51,959	4
2170	Accounts payable - non-related parties	57,960	3	-	-
2180	Accounts payable - related parties (Note 28)	-	-	7,158	1
2200	Other payables - non-related parties (Notes 18 and 25)	46,996	3	46,396	4
2220	Other payables - related parties (Note 28)	34	-	69,126	5
2230	Current tax liabilities (Note 23)	6,104	-	1,200	-
2280	Lease liabilities - current (Notes 14 and 25)	10,247	1	8,768	1
2320	Long-term borrowings due within one year (Notes 17 and 29)	30,242	2	4,697	-
2399	Other current liabilities	692	-	4,946	-
21XX	Total current liabilities	419,354	24	312,968	24
Non-current liabilities
2540	Long-term borrowings (Notes 17 and 29)	224,190	13	4,036	-
2570	Deferred tax liabilities (Notes 23 and 25)	17,376	1	15,093	1
2580	Lease liabilities - non-current (Note 14)	300,568	17	67,363	5
2670	Other non-current liabilities	4,456	-	4,110	1
25XX	Total non-current liabilities	546,590	31	90,602	7
2XXX	Total liabilities	965,944	55	403,570	31
Equity attributable to the Company's owners
3110	Common share capital	855,000	49	855,000	65
3200	Capital reserve	451,199	26	451,199	35
3350	Losses yet to be offset	( 522,015 )	( 30 )	( 402,091 )	( 31 )
3400	Other rights	( 13,214 )	( 1 )	( 13,078 )	( 1 )
31XX	Total equity of the Company's owners	770,970	44	891,030	68
36XX	Non-controlling interests	12,535	1	18,020	1
3XXX	Total equity	783,505	45	909,050	69
Total liabilities and equity		$ 1,749,449	100	$ 1,312,620	100

The accompanying notes are an integral part of the consolidated financial statements
(Please refer to the audit report issued by Deloitte & Touche on March 27, 2026)

Chairman: Chou Wei-Kun
Manager: Pan Chin-Hsing
Accounting Supervisor: Yang Tzu-Wei

AbonMax Co., Ltd and its Subsidiaries

Consolidated Statements of Comprehensive Income

From January 1 to December 31, 2025 and 2024

Unit: NT$ thousands, except for loss per share which is in dollars

Code		2025		2024
		Amount	%	Amount	%
4000	Operating revenues (Notes 21 and 28)	$ 490,344	100	$ 307,957	100
5000	Operating costs (Notes 10, 22 and 28)	474,738	97	301,650	98
5900	Operating gross margins	15,606	3	6,307	2
	Operating expenses (Notes 22 and 28)
6100	Selling expenses	20,978	4	25,901	8
6200	Administrative expenses	68,300	14	63,664	21
6300	Research and Development expenses	57,626	12	12,703	4
6450	Expected loss from credit impairment	6,560	1	3,012	1
6000	Total operating expenses	153,464	31	105,280	34
6900	Net Operating Loss	( 137,858 )	( 28 )	( 98,973 )	( 32 )
	Non-operating income and expenses
7100	Interest income	2,411	-	2,570	1
7010	Other income (Notes 22 and 28)	14,687	3	4,325	2
7020	Other gains and losses (Notes 22 and 28)	19,548	4	( 17,546 )	( 6 )
7050	Financial costs (Notes 22 and 28)	( 15,413 )	( 3 )	( 5,374 )	( 2 )
7060	Share of profit or loss of affiliates accounted for under the equity method (Note 12)	( 2,184 )	-	-	-
7000	Total non-operating revenues and expenses	19,049	4	( 16,025 )	( 5 )
7900	Net profit (loss) before tax	( 118,809 )	( 24 )	( 114,998 )	( 37 )
7950	Income tax expenses (Note 23)	6,594	2	19,130	6
8200	Net loss for the period	( 125,403 )	( 26 )	( 134,128 )	( 43 )
(continued on next page)

21 -

(continued from previous page)

Code		2025		2024
		Amount	%	Amount	%
8310	Other comprehensive income
8316	Items not reclassified to profit or loss:
	Unrealized valuation profit/loss from investment in equity instruments measured at fair value through other comprehensive income	($ 136)	-	($ 4,872)	( 2)
8360	Titles that could be reclassified as profit (loss) accounts in the future:
8361	Exchange differences on translation of financial statements of foreign operating units (net of tax)	-	-	43	-
8300	Other comprehensive income for the year (net after tax)	( 136)	-	( 4,829)	( 2)
8500	Total comprehensive income for the period	($ 125,539)	( 26)	($ 138,957)	( 45)
	Net loss attributable to:
8610	The Company's owners	($ 119,924)	( 25)	($ 132,831)	( 43)
8620	Non-controlling interests	( 5,479)	( 1)	( 1,297)	( 1)
8600		($ 125,403)	( 26)	($ 134,128)	( 44)
	Total comprehensive income attributable to:
8710	The Company's owners	($ 120,060)	( 25)	($ 137,660)	( 45)
8720	Non-controlling interests	( 5,479)	( 1)	( 1,297)	-
8700		($ 125,539)	( 26)	($ 138,957)	( 45)
	Loss per share
9750	Basic	($ 1.40)		($ 2.17)
9850	dilution	($ 1.40)		($ 2.17)

The accompanying notes are an integral part of the consolidated financial statements (Please refer to the audit report issued by Deloitte & Touche on March 27, 2026)

Chairman: Chou Wei-Kun Manager: Pan Chin-Hsing Accounting Supervisor: Yang Tzu-Wei

AbonMax Co., Ltd and its Subsidiaries
Consolidated Statements of Changes in Equity
From January 1 to December 31, 2025 and 2024
Unit: NT$ thousands, except for dividends which are in dollars

Code		Equity attributable to the owners of the Company (Note 20)
		Common stock	Capital reserve (Note 24)	Retained earnings Losses to be covered	Other equity		Total	Non-controlling interests (Note 11)	Total equity
					Exchange differences from translation of foreign financial statements	Unrealized gain or loss on financial assets measured at fair value through other comprehensive income
A1	Balance as of January 1, 2024	$ 437,482	$ 73,535	($ 269,260)	($ 43)	($ 8,206)	$ 233,508	$ 14,417	$ 247,925
E1	Cash capital increase	417,518	353,664	-	-	-	771,182	-	771,182
N1	Share-based payment transaction	-	24,000	-	-	-	24,000	-	24,000
O1	Increase in non-controlling interests	-	-	-	-	-	-	4,900	4,900
D1	2024 net loss	-	-	( 132,831)	-	-	( 132,831)	( 1,297)	( 134,128)
D3	Other comprehensive income after tax for 2024	-	-	-	43	( 4,872)	( 4,829)	-	( 4,829)
D5	Total comprehensive income for 2024	-	-	( 132,831)	43	( 4,872)	( 137,660)	( 1,297)	( 138,957)
Z1	Balance as of December 31, 2024	855,000	451,199	( 402,091)	-	( 13,078)	891,030	18,020	909,050
O1	Increase in non-controlling interests	-	-	-	-	-	-	( 6)	( 6)
D1	Net loss in 2025	-	-	( 119,924)	-	-	( 119,924)	( 5,479)	( 125,403)
D3	Other comprehensive income after tax for 2025	-	-	-	-	( 136)	( 136)	-	( 136)
D5	Total comprehensive income for 2025	-	-	( 119,924)	-	( 136)	( 120,060)	( 5,479)	( 125,539)
Z1	Balance as of December 31, 2025	$ 855,000	$ 451,199	($ 522,015)	$ -	($ 13,214)	$ 770,970	$ 12,535	$ 783,505

The accompanying notes are an integral part of the consolidated financial statements
(Please refer to the audit report issued by Deloitte & Touche on March 27, 2026)

Chairman: Chou Wei-Kun
Manager: Pan Chin-Hsing
Accounting Supervisor: Yang Tzu-Wei

AbonMax Co., Ltd and its Subsidiaries
Consolidated Statements of Cash Flows
From January 1 to December 31, 2025 and 2024
Unit: NTD thousand

Code	Cash flow from operating activities	2025	2024
A10000	Net loss before tax for the year	($ 118,809)	($ 114,998)
A20010	Income/expense items:
A20100	Depreciation expense	31,310	18,752
A20200	Amortization expense	5,369	391
A20300	Expected loss from credit impairment	6,560	3,012
A20900	Financial cost	15,413	5,374
A21200	Interest income	( 2,411)	( 2,570)
A23700	Losses (reversal gains) on inventory write-downs and obsolescence	6,593	( 2,798)
A22300	Share of profit/loss of associates accounted for using the equity method	2,184	-
A22500	Gains on disposals of property, plant and equipment	( 5,576)	( 314)
A22600	Impairment loss on property, plant and equipment	-	10,639
A22700	Gains on disposal of other non-current assets	( 23,707)	-
A21900	Cost of share-based remuneration	-	24,000
A22000	Impairment loss of financial assets	-	2,970
A21100	Impairment loss of non-financial assets	8,493	6,271
A29900	Lease modification loss (gain)	( 1,910)	83
	Net changes in operating assets and liabilities
A31130	Notes receivable	-	286
A31150	Accounts receivable	( 16,701)	1,068
A31180	Other receivables	5,867	83,069
A31200	Inventory	( 69,915)	( 32,053)
A31240	Other current assets	53,401	( 79,778)
A32125	Contract liabilities	5,570	8,150
A32150	Accounts payable	50,802	( 2,987)
A32180	Other payables	( 75,816)	( 5,604)
A32200	Reserve for liabilities	816	-
A32230	Other current liabilities	( 4,191)	2,172
A33000	Cash generated from operations	( 126,658)	( 74,865)
A33100	Interest received	2,487	2,570
A33300	Interest paid	( 15,390)	( 5,363)
A33500	Income tax paid	( 2,444)	( 2,051)
AAAA	Net cash outflow from operating activities	( 142,005)	( 79,709)

(continued on next page)

24 -

(continued from previous page)

Code		2025	2024
	Cash flow from investing activities
B00040	Purchase of financial assets at amortized cost	($ 1,389)	($ 4,583)
B01800	Acquisition of long-term equity investment accounted for using the equity method	( 19,800)	-
B02200	Acquisition of subsidiaries	( 107,469)	( 134,660)
B02700	Purchase of property, plant and equipment	( 185,913)	( 11,421)
B02800	Proceeds from disposal of property, plant and equipment	61,346	1,911
B04500	Acquisition of intangible assets	( 259)	( 2,160)
B06500	Decrease (increase) in other financial assets	( 6,083)	8,006
B06700	Increase in other non-current assets	( 147,588)	( 53,960)
BBBB	Net cash outflow from investing activities	( 407,155)	( 196,867)
	Cash flow from financing activities
C00100	Increase (decrease) in short-term loans	228,491	( 76,849)
C00600	Decrease in short-term notes payable	( 85,700)	-
C01600	Taking out long-term borrowings	263,770	-
C01700	Repayment of long-term loans	( 18,071)	( 36,594)
C03100	Increase in guarantee deposits	420	743
C04020	Principal repayment of lease liabilities	( 8,993)	( 8,621)
C04600	Cash capital increase	-	771,182
C05800	Changes in non-controlling interests	( 6)	4,900
CCCC	Net cash inflow from financing activities	379,911	654,761
DDDD	Effect of changes in exchange rate on cash and cash equivalents	-	43
EEEE	Net increase (decrease) in cash and cash equivalents during the year	( 169,249)	378,228
E00100	Cash and cash equivalents balance at beginning of year	440,872	62,644
E00200	Cash and cash equivalents at end of year	$ 271,623	$ 440,872

The accompanying notes are an integral part of the consolidated financial statements (Please refer to the audit report issued by Deloitte & Touche on March 27, 2026)

Chairman: Chou Wei-Kun Manager: Pan Chin-Hsing Accounting Supervisor: Yang Tzu-Wei

Deloitte.

勤業眾信

勤業眾信聯合會計師事務所

110016 台北市信義區松仁路100號20樓

Deloitte & Touche

20F, Taipei Nan Shan Plaza

No. 100, Songren Rd.,

Xinyi Doz., Taipei 110016, Taiwan

Tel: +886 (2) 2725-9988

Fax: +886 (2) 4051-6888

www.deloitte.com.tw

Independent Auditors’ Report

To the AbonMax Co., Ltd:

Audit opinions

We have audited the accompanying consolidated balance sheets of Abonmax Co., Ltd. and (the “Company”) as of December 31, 2025 and the relevant parent company only statements of comprehensive income, changes in equity and cash flows for the year then ended, and relevant notes to the parent company only financial statements, including a summary of significant accounting policies (collectively referred to as the consolidated financial statements).

In our opinion, the accompanying parent company only financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and its parent company only financial performance and its parent company only cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

The basis for opinions

We concluded our audits in accordance with the regulations governing auditing and attestation of financial statements by certified public accountants and auditing standards. Our responsibilities under those standards are further described in the auditors’ responsibilities for the audit of the parent company only financial statements section of our report. We were independent of AbonMax Co., Ltd. in accordance with the Norms of Professional Ethics for Certified Public Accountants and fulfilled all other responsibilities thereunder. Based on our audit results and other auditors’ reports, we believe that sufficient and appropriate audit evidence has been obtained in order to serve as the basis for expressing the audit opinion.

Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the parent company only financial statements for the year ended December 31, 2025. These matters were addressed in the context of our audit of the parent

company only financial statements as a whole, and in forming our opinion thereon, we do not provide a separate opinion on these matters.

We hereby state the key audit findings for the 2025 parent company only financial statements of the Company as follows:

Authenticity of sales revenue recognition for specific customers

The main audit procedures that we have implemented for the above matters are as follows:

Understand and assess the effectiveness of the design and implementation of internal controls relevant to audit risks in the sales and cash collection cycle.
A detailed spot check is performed on the sales revenue of specific customers, reviewing supporting documents such as orders, invoices, and shipping documents, as well as payment vouchers, to verify the accuracy of sales revenue recognition for those customers.

Other information

The parent company only financial statements of the Company for 2024 were audited by other independent auditors and issued with an unqualified opinion on March 28, 2025.

Responsibilities of management and those charged with governance for the parent company only financial statements

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

In preparing the parent company only financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

AbonMax Co., Ltd.'s governance unit (including the Audit Committee) was responsible for supervising the financial reporting procedures.

27 -

28 -

29 -

Auditor’s responsibilities for the audit of the parent company only financial statements

Our objectives are to obtain reasonable assurance about whether the parent company only financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high-level assurance but is not a guarantee that an audit conducted in accordance with the auditing standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error. If an individual or total amount misstated was reasonably expected to have an impact on the economic decision-making of users of the parent company only financial statements, the misstatement was deemed as material.

As part of an audit in accordance with the Standards on Auditing of Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also performed the following works:

We identified and evaluated the risk of any misstatements in the separate financial statements due to fraud or errors, designed and implemented applicable response measures for the evaluated risks, and acquired sufficient and appropriate audit evidence to base our audit opinions. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.
We understood the internal control related to the audit to an extent necessary to design audit procedures applicable to the current circumstance; however, the purpose of such work was not to express opinions toward the effectiveness of AbonMax Co., Ltd.’s internal control.
We evaluated the appropriateness of the accounting policies adopted by the management and the rationality of the accounting estimates and relevant disclosures made by the management.
We drew a conclusion about the appropriateness of applying the going concern basis of accounting by management and whether the events or circumstances that might cause major doubts about AbonMax Co., Ltd.’s ability to continue as a going concern had a material uncertainty. If any material uncertainty is deemed to exist in such events or circumstances, we must provide a reminder in the parent company only financial statements for users to pay attention to the relevant disclosures therein, or amend our audit opinions when such disclosures are inappropriate. Our conclusions are based on the audit evidence obtained up to the date of the auditor’s report. However, future events or circumstances might result in a situation where AbonMax Co., Ltd. would no longer have

the ability of going concern.

We evaluated the overall presentation, structure and contents of the parent company only financial statements (including relevant notes), and whether the parent company only financial statements presented relevant transactions and events fairly.
We acquired sufficient and appropriate audit evidence with respect to the financial information of the entities comprising the Group to provide opinions on the parent company only financial statements. We are responsible for the direction, supervision, and performance of the company audit. We remain solely responsible for our audit opinion.

We also provide those in charge of governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable (related safeguards).

We determined the key audit matters to be audited in AbonMax Co., Ltd.'s parent company only financial statements for 2025 based on the matters communicated with the governance unit. We describe these matters in our auditor's report unless the law or regulation precludes public disclosure about the matter, or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Deloitte & Touche

CPA Su Ting-Chien

CPA Wang Hsiang-Min

蔡昱蓉

王毅民

Financial Supervisory

Commissionapproval number

Jin-Guan-Zheng-Shen-Zi

No. 1070323246

Financial Supervisory

Commissionapproval number

Jin-Guan-Zheng-Shen-Zi

No. 1110348898

March27,2026
- 31 -

AbonMax Co., Ltd.
Parent Company Only Balance Sheet
December 31, 2025 and 2024
Unit: NT$ thousands

Code	Assets	December 31, 2025		December 31, 2024
		Amount	%	Amount	%
Current assets
1100	Cash and cash equivalents (Note 6)	$ 56,220	6	$ 400,518	39
1136	Financial assets at amortized cost - current (Notes 7 and 28)	5,972	1	4,583	-
1170	Accounts receivable - non-related parties (Notes 9 and 20)	-	-	3,848	-
1206	Other receivables (Notes 9, 23 and 27)	111,320	11	20,194	2
130X	Inventory (Note 10)	118,621	12	70,135	7
1476	Other financial assets - current (Note 28)	14,752	1	13,845	1
1479	Other current assets (Notes 15 and 27)	22,598	2	91,471	9
11XX	Total current assets	329,483	33	604,594	58
Non-current assets
1517	Financial assets at fair value through other comprehensive income - non-current (Note 8)	9,779	1	9,915	1
1550	Investments accounted for using the equity method (Note 11)	497,951	49	289,427	28
1600	Property, plant and equipment (Notes 12, 28 and 29)	59,676	6	61,464	6
1755	Right-of-use assets (Note 13)	7,416	1	28,774	3
1805	Intangible assets (Notes 14 and 27)	1,460	-	2,462	-
1840	Deferred tax assets (Note 22)	22,160	2	22,160	2
1980	Other financial assets - non-current	2,820	-	2,609	-
1990	Other non-current assets (Note 15)	76,069	8	19,726	2
15XX	Total non-current assets	677,331	67	436,537	42
1XXX	Total assets	$ 1,006,814	100	$ 1,041,131	100
Code	Liabilities and equity
Current liabilities
2100	Short-term borrowings (Note 16)	$ 86,651	9	$ 23,356	2
2130	Contract liabilities - current (Note 20)	14,883	2	9,662	1
2152	Notes payable	-	-	51,959	5
2170	Accounts payable - non-related parties	54,760	5	-	-
2180	Accounts payable - related parties (Note 27)	-	-	7,158	1
2200	Other payables - non-related parties (Note 17)	13,642	1	11,051	1
2220	Other payables - related parties (Note 27)	17	-	4,777	1
2280	Lease liabilities - current (Note 13)	3,809	-	7,097	1
2320	Long-term loans due within one year (Note 16)	15,976	2	4,697	-
2399	Other current liabilities (Note 27)	462	-	4,299	-
21XX	Total current liabilities	190,200	19	124,056	12
Non-current liabilities
2540	Long-term borrowings (Note 16)	41,334	4	4,036	-
2580	Lease liabilities - non-current (Note 13)	3,890	-	22,009	2
2670	Other non-current liabilities	420	-	-	-
25XX	Total non-current liabilities	45,644	4	26,045	2
2XXX	Total liabilities	235,844	23	150,101	14
Equity
3110	Common stock	855,000	85	855,000	82
3200	Capital reserve	451,199	45	451,199	43
3350	Losses to be covered	( 522,015 )	( 52 )	( 402,091 )	( 38 )
3400	Other equity	( 13,214 )	( 1 )	( 13,078 )	( 1 )
3XXX	Total equity	770,970	77	891,030	86
	Total liabilities and equity	$ 1,006,814	100	$ 1,041,131	100

The accompanying notes are an integral part of the parent company only financial statements

(Please refer to the audit report issued by Deloitte & Touche on March 27, 2026)

Chairman: Chou Wei-Kun
Manager: Pan Chin-Hsing
Accounting Supervisor: Yang Tzu-Wei

AbonMax Co., Ltd.
Parent Company Only Statement of Comprehensive Income
From January 1 to December 31, 2025 and 2024
Unit: NT$ thousands, except for loss per share which is in dollars

Code		2025		2024
		Amount	%	Amount	%
4000	Operating revenues (Notes 20 and 27)	$ 409,804	100	$ 306,212	100
5000	Operating costs (Notes 10, 21 and 27)	403,330	98	298,945	98
5900	Operating gross margins	6,474	2	7,267	2
	Operating expenses (Notes 21 and 27)
6100	Selling expenses	19,702	5	25,639	8
6200	Administrative expenses	47,803	12	62,691	21
6300	Research and Development expenses	57,626	14	12,703	4
6450	Expected loss from credit impairment	2,159	-	3,012	1
6000	Total operating expenses	127,290	31	104,045	34
6900	Net Operating Loss	( 120,816 )	( 29 )	( 96,778 )	( 32 )
	Non-operating income and expenses
7100	Interest income	5,616	1	2,419	1
7010	Other income (Notes 21 and 27)	14,090	3	4,166	1
7020	Other gains and losses (Note 21)	( 2,116 )	-	( 17,473 )	( 6 )
7050	Finance costs (Notes 21 and 27)	( 3,883 )	( 1 )	( 4,483 )	( 1 )
7060	Share of profit or loss of affiliates accounted for under the equity method (Note 11)	( 12,815 )	( 3 )	( 1,662 )	-
7000	Total non-operating income and expenses	892	-	( 17,033 )	( 5 )

(continued on next page)

33 -

(continued from previous page)

Code		2025		2024
		Amount	%	Amount	%
7900	Net profit (loss) before tax	($ 119,924)	( 29 )	($ 113,811)	( 37 )
7950	Income tax expenses (Note 22)	-	-	19,020	6
8200	Net loss for the period	( 119,924)	( 29 )	( 132,831)	( 43 )
8310	Other comprehensive income
8316	Items not reclassified to profit or loss:
	Unrealized valuation profit/loss from investment in equity instruments measured at fair value through other comprehensive income	( 136 )	-	( 4,872)	( 2 )
8360	Titles that could be reclassified as profit (loss) accounts in the future:
8361	Exchange differences from translation of foreign financial statements	-	-	43	-
8300	Other comprehensive income for the year (net after tax)	( 136 )	-	( 4,829)	( 2 )
8500	Total comprehensive income for the period	($ 120,060)	( 29 )	($ 137,660)	( 45 )
9750	Loss per share
	Basic	($ 1.40 )		($ 2.17 )
9850	dilution	($ 1.40 )		($ 2.17 )

The accompanying notes are an integral part of the parent company only financial statements (Please refer to the audit report issued by Deloitte & Touche on March 27, 2026)

Chairman: Chou Wei-Kun Manager: Pan Chin-Hsing Accounting Supervisor: Yang Tzu-Wei

AbonMax Co., Ltd.
Parent Company Only Statement of Changes in Equity
From January 1 to December 31, 2025 and 2024

Unit: NTD thousand

Code		Common stock	Capital reserve	Retained earnings	Other equity		Total equity
			(Note 19)	Losses to be covered	Exchange differences from translation of foreign financial statements	Unrealized gain or loss on financial assets measured at fair value through other comprehensive income
A1	Balance as of January 1, 2024	$ 437,482	$ 73,535	($ 269,260)	($ 43)	($ 8,206)	$ 233,508
E1	Cash capital increase	417,518	353,664	-	-	-	771,182
N1	Share-based payment transaction	-	24,000	-	-	-	24,000
D1	2024 net loss	-	-	( 132,831)	-	-	( 132,831)
D3	Other comprehensive income after tax for 2024	-	-	-	43	( 4,872)	( 4,829)
D5	Total comprehensive income for 2024	-	-	( 132,831)	43	( 4,872)	( 137,660)
Z1	Balance as of December 31, 2024	855,000	451,199	( 402,091)	-	( 13,078)	891,030
D1	Net loss in 2025	-	-	( 119,924)	-	-	( 119,924)
D3	Other comprehensive income after tax for 2025	-	-	-	-	( 136)	( 136)
D5	Total comprehensive income for 2025	-	-	( 119,924)	-	( 136)	( 120,060)
Z1	Balance as of December 31, 2025	$ 855,000	$ 451,199	($ 522,015)	$ -	($ 13,214)	$ 770,970

The accompanying notes are an integral part of the parent company only financial statements
(Please refer to the audit report issued by Deloitte & Touche on March 27, 2026)

Chairman: Chou Wei-Kun

Manager: Pan Chin-Hsing

Accounting Supervisor: Yang Tzu-Wei

AbonMax Co., Ltd.
Parent Company Only Statement of Cash Flows
From January 1 to December 31, 2025 and 2024

Unit: NTD thousand

Code		2025	2024
Cash flows from operating activities
A10000	Net loss before tax for the year	($ 119,924)	($ 113,811)
A20010	Income/expense items:
A20100	Depreciation expense	9,496	16,245
A20200	Amortization expense	1,261	391
A20300	Expected loss from credit impairment	2,159	3,012
A20900	Financial cost	3,883	4,483
A21200	Interest income	( 5,616)	( 2,419)
A23700	Losses (reversal gains) on inventory write-downs and obsolescence	6,593	( 2,798)
A22300	Share of profit/loss of associates accounted for using the equity method	12,815	1,662
A22500	Gains on disposals of property, plant and equipment	( 100)	( 314)
A22600	Impairment loss on property, plant and equipment	-	10,639
A21900	Cost of share-based remuneration	-	24,000
A22000	Impairment loss of financial assets	-	2,970
A21100	Impairment loss of non-financial assets	404	6,271
A23100	Disposal of investment gains	-	( 997)
A29900	Lease modification loss (gain)	( 177)	83
Net changes in operating assets and liabilities
A31130	Notes receivable	-	286
A31150	Accounts receivable	2,512	1,539
A31180	Other receivables	( 89,253)	-
A31200	Inventory	( 55,079)	( 32,053)
A31240	Other current assets	68,873	( 73,292)
A32125	Contract liabilities	5,221	8,150
A32130	Notes payable	( 51,959)	-
A32150	Accounts payable	47,602	3,783
A32180	Other payables	( 2,169)	3,963
A32230	Other current liabilities	( 3,837)	2,178
A33000	Cash generated from operations	( 167,295)	( 136,029)
A33100	Interest received	1,498	2,419
A33300	Interest paid	( 3,883)	( 4,483)
A33500	Refund of income tax paid	1,422	( 2,050)
AAAA	Net cash outflow from operating activities	( 168,258)	( 140,143)

(continued on next page)

(continued from previous page)

Code		2025	2024
	Cash flows from investing activities
B00040	Purchase of financial assets at amortized cost	($ 1,389)	($ 4,583)
B01800	Acquisition of long-term equity investment accounted for using the equity method	( 231,500)	( 208,794)
B01900	Disposal of long-term equity investment accounted for using the equity method	-	2,249
B02700	Purchase of property, plant and equipment	( 3,771)	( 1,645)
B02800	Proceeds from disposal of property, plant and equipment	100	1,912
B04500	Acquisition of intangible assets	( 259)	( 2,161)
B06500	Decrease (increase) of other financial assets	( 1,118)	78,785
B06700	Increase in other non-current assets	( 56,747)	( 13,613)
B07600	Dividends received from subsidiaries	10,161	-
BBBB	Net cash outflow from investing activities	( 284,523)	( 147,850)
	Cash flows from financing activities
C00100	Increase (decrease) in short-term loans	63,295	( 76,849)
C01600	Taking out long-term loans	62,000	-
C01700	Repayment of long-term loans	( 13,423)	( 36,594)
C03000	Increase (decrease) in guarantee deposits	420	( 103)
C04020	Principal repayment of lease liabilities	( 3,809)	( 8,064)
C04600	Cash capital increase	-	771,182
CCCC	Net cash inflow from financing activities	108,483	649,572
EEEE	Net increase (decrease) in cash and cash equivalents during the year	( 344,298)	361,579
E00100	Cash and cash equivalents balance at beginning of year	400,518	38,939
E00200	Cash and cash equivalents at end of year	$ 56,220	$ 400,518

The accompanying notes are an integral part of the parent company only financial statements (Please refer to the audit report issued by Deloitte & Touche on March 27, 2026)

Chairman: Chou Wei-Kun Manager: Pan Chin-Hsing Accounting Supervisor: Yang Tzu-Wei

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AbonMax Co., Ltd.

Articles of Incorporation

Chapter 1 General Provisions

Article 1: The Company is organized in accordance with the provisions of the Company Act and is named Abonmax Co., Ltd.

Article 2: The Company’s business scope is as follows:
1. CC01080 Electronic Parts and Components Manufacturing.
2. CC01110 Computer and Peripheral Equipment Manufacturing.
3. CC01100 Telecommunication Controlled Radio Frequency Devices Manufacturing.
4. CA04010 Metal Surface Treating.
5. CD01060 Aircraft and Parts Manufacturing.
6. D101060 Self-usage power generation equipment utilizing renewable energy industry.
7. F101100 Wholesale of Flowers.
8. F101130 Wholesale of Vegetables and Fruits.
9. F108031 Medical Devices Wholesale.
10. F113010 Wholesale of Machinery.
11. F113030 Wholesale of Precision Instruments.
12. F113050 Wholesale of Computers and Office Machinery Equipment.
13. F119010 Wholesale of Electronic Materials.
14. F114070 Wholesale of Aircraft and Component Parts Thereof.
15. F208031 Medical Devices Retail Sales.
16. F214070 Retail Sale of Aircraft and Component Parts Thereof.
17. F401010 International Trade Industry.
18. I101100 Aviation Consulting.
19. I501010 Product Designing.
20. G801010 Warehousing and Storage.
21. ZZ99999 All business items that are not prohibited or restricted by law, except those that are subject to special approval.

Article 3: The Company is headquartered in Taoyuan City, and may establish branches domestically or overseas where necessary with resolution adopted by the Board of Directors.

Article 4: The Company's announcement method is in accordance with Article 28 of the Company Act and other relevant laws and regulations.

Chapter 2 Shares

Article 5: The Company's total capital is set at NT$4 billion, divided into 400 million shares with a par value of NT$10 per share. The Board of Directors is authorized to issue the shares in tranches as permitted by law.

Article 5-1: The Company may issue employee stock warrants. Within the authorized capital, NT$100 million has been reserved for the issuance of employee stock warrants, totaling 10 million shares at a par value of NT$10 per share. The Board of Directors is authorized to resolve on the issuance in tranches.

Article 5-2: The transferees of the Company’s share repurchases, the recipients of employee stock warrants, the employees subscribing to newly issued shares, and the recipients of restricted employee shares may include employees of the Company’s controlled or subsidiary companies who meet certain criteria, as authorized by the Board of Directors to determine.

Article 6: The shares of the Company shall be registered. The Company’s certificates shall be numbered and bear the signatures or seals of the directors representing the Company and may only be issued after they have been legally certified.

The shares issued by the Company are exempted from printing. The shares issued by the Company shall be registered with the centralized securities depository institution. The previous paragraph shall not apply.

Article 7: Deleted.

Article 8: The transfer and registration of the Company's shares shall be handled in accordance with the Company Act and relevant laws and regulations.

Article 9: The stock affairs of the Company shall be handled in accordance with the “Regulations Governing the Administration of Shareholder Services of Public Companies” promulgated by the competent authority.

Article 10: The registration of share transfers shall not be conducted within 60 days prior to the annual general meeting, within 30 days prior to the extraordinary general meeting, or within 5 days prior to the record date for dividend, bonus, or other benefit distribution.

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Chapter 3 shareholders' meeting

Article 11: Shareholders' meetings shall be of two types: annual general meetings and extraordinary general meetings. An annual general meeting shall be convened at least once a year by the Board of Directors in accordance with the law within six months after the end of each fiscal year. An extraordinary general meeting shall be convened as necessary in accordance with the law.

Notice of a shareholders’ meeting may be given by electronic means with the consent of the recipients. For shareholders holding fewer than 1,000 shares, notice of a shareholders’ meeting may be given by public announcement, with all related matters handled in accordance with applicable laws and regulations.

In a virtual-only shareholders’ meeting is convened the shareholders who participate in the meeting shall be deemed to have attended the meeting in person.

Article 12: Notice of the annual general meeting shall be given to each shareholder 30 days prior to the meeting date, and notice of the extraordinary general meeting shall be given to each shareholder 15 days prior to the meeting date, including the date, place, and reason for the meeting.

Article 13: When a shareholder is unable to attend the shareholders’ meeting for any reason, they may issue a proxy form provided by the Company, in accordance with Article 177 of the Company Act, to authorize one proxy to attend on their behalf with a clearly defined scope of authorization.

Except as otherwise provided by the Company Act, the procedures for shareholders’ proxy attendance shall be handled in accordance with the “Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies” promulgated by the competent authority.

Article 14: The chairman shall preside over the meeting. In the absence of the chairman, the chairman shall designate a director to be act as the chair. If the chairman does not make such a designation, the directors shall select from among themselves one person to serve as the chair.

Article 15: A shareholder shall be entitled to one vote for each share held, except when the shares are restricted to shares by law or are deemed non-voting shares under Paragraph 2, Article 179 of the Company Act.

Article 16: Unless otherwise specified in relevant laws and regulations, resolutions of the shareholders’ meeting shall be passed with the attendance of shareholders representing more than half of the total issued shares and the

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affirmative vote of more than half of the voting rights held by those shareholders present.

Shareholders who exercise their voting rights electronically are deemed to be present in person, and related procedures shall be handled in accordance with laws and regulations.

Chapter 4 Directors, Audit Committee

Article 17: The Company shall have between seven and nine directors. The exact number is to be determined by the Board of Directors. Directors shall serve a term of three years and be elected via a nomination system. Directors shall be elected by the shareholders' meeting from a list of persons with disposing capacity, and they may be eligible for re-election.

The nomination and election of director candidates are conducted in accordance with the Company Act and the Securities and Exchange Act.

Among the directors, the Company shall have at least three independent directors and shall not be less than one-fifth of the total number of the directors. The professional qualifications, shareholding and concurrent position restrictions, nomination and election procedures, and other compliance requirements for independent directors shall be handled in accordance with relevant laws and regulations.

The shareholding ratio of all directors is subject to the regulations of the competent securities authority.

The Company may establish an Audit Committee in accordance with Article 14-4 of the Securities and Exchange Act. The Audit Committee shall be comprised of all independent directors, and the exercise of its powers and duties, as well as related matters, shall be governed by applicable laws and regulations.

The Audit Committee shall assume the powers and functions of the supervisors upon its establishment, and the position of supervisor shall be abolished concurrently.

Article 18: The Board of Directors shall be constituted by the directors, and a chairman shall be elected from among them by a quorum of more than two-thirds of the directors and the affirmative vote of more than half of those present.

The chairman shall represent the Company externally and shall be responsible for all matters internally. When the chairman is on leave or for any reason unable to exercise the powers of the chairman, a delegate shall be appointed in accordance with Article 208 of The Company Act.

Article 18-1:

The remuneration of directors is authorized to be determined by the Board of Directors based on their level of participation in the Company's operations and the value of their contributions, with reference to prevailing industry standards both domestically and internationally.

The Company may purchase liability insurance policies to insure its directors against claims and legal responsibilities that arise during the term of service due to the services rendered in accordance with the law.

Article 18-2:

Directors shall attend a meeting of the Board of Directors in person. A director unable to attend in person for any reason shall issue a written proxy and state therein the scope of authority with reference to the subjects to be discussed at the meeting, and the appointed proxy is subject to only one person.

Article 18-3: (Convening of the board of directors' meeting and meeting notice)

The Company's Board of Directors shall meet at least quarterly.

The Board of Directors shall be convened with seven days' notice to its members, stating the reason for the meeting. However, in case of emergency, the Board may be convened at any time. Notice of the convening of Board of Directors meetings may be given in writing, by fax, or by e-mail.

Except for emergencies or justified reasons, the matters listed in Paragraph 1, Article 12 of the Company's Rules of Procedure for Board Meetings must be included in the notice of the meeting and may not be raised as special motions.

Article 19: The Board of Directors shall be convened by the chairman. Except as otherwise provided by the Company Act, resolutions of the Board shall be adopted by the consent of a majority of the directors present.

Article 20: Except as otherwise provided by the Company Act, the acquisition or disposal of the company's important assets and real estate, or external borrowings, shall be approved by the Board of Directors.

Article 21: Deleted.

Article 22: The Company may appoint several managers. Their appointment, dismissal, and remuneration shall be handled in accordance with Article 29 of the Company Act.

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Chapter 5 Accounting

Article 23: The Company’s fiscal year shall run from January 1 to December 31 each year.

Article 24: At the end of each fiscal year, the Board of Directors shall prepare the following reports and submit them to the annual general meeting for approval in accordance with legal procedures.

I. Business Report
II. Financial statements
III. Proposal for earnings distribution or loss allocation.

Article 25: The Company shall distribute employee remuneration of no less than 4% of its current year’s profit (At least 10% of the employee compensation amount shall be allocated to rank-and-file employees.) and director remuneration of no more than 3% of its current year’s profit, but accumulated losses must be offset first.

The profit mentioned in the preceding paragraph refers to the profit before remuneration to employees and directors is deducted from pre-tax profit for the current year.

The distribution of remuneration to employees and directors shall be resolved by the Board of Directors with the attendance of at least two-thirds of the directors and the approval of a majority of those present, and then reported to the shareholders' meeting.

Employee remuneration may be distributed in the form of stock or cash. The recipients may include employees of the Company’s controlling or subsidiary companies who meet certain criteria, as determined by the Board of Directors.

Article 25-1:

If the Group has earnings in the annual final accounts, the Group shall first pay taxes, make up for the accumulated losses of previous years, then set aside 10% of the balance as the legal reserve, and set aside or reverse the special reserve in accordance with the laws and regulations or the regulations of the competent authorities. If there are still earnings, the remaining balance shall be added to the accumulated undistributed earnings of previous years, and the Board of Directors shall prepare a distribution proposal and submit it to the shareholders’ meeting for resolution before distribution.

Cash dividends and bonuses, or distributions from legal reserve and capital reserve, may be made by resolution of the Board of Directors, with the attendance of at least two-thirds of the directors and the approval of a majority of those present. Such distributions shall be reported to the

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shareholders’ meeting and are not subject to the requirement of a shareholders’ meeting resolution as set forth in the preceding paragraph.

Chapter 6 Supplementary Provisions

Article 26: The Company may provide guarantees externally as required for business purposes.

Article 27: Reinvestment of the Company shall be resolved by the Board of Directors. The total amount of such investment shall not be limited by Article 13 of the Company Act and may exceed 40% of the paid-in capital.

Article 28: Any matters not set forth in these Articles of Incorporation shall be handled in accordance with the Company Act and other applicable laws and regulations.

Article 29: These Articles were established on November 11, 1978.

The 1st amendment was made on January 12, 1980.

The 2nd amendment was made on June 14, 1981.

The 3rd amendment was made on November 15, 1983.

The 4th amendment was made on March 12, 1984.

The 5th amendment was made on June 4, 1987.

The 6th amendment was made on August 10, 1990.

The 7th amendment was made on April 27, 1991

The 8th amendment was made on March 22, 1995.

The 9th amendment was made on August 23, 1997.

The 10th amendment was made on September 10, 1997.

The 11th amendment was made on June 5, 1998.

The 12th amendment was made on June 2, 1999.

The 13th amendment was made on June 2, 2000.

The 14th amendment was made on June 14, 2002

The 15th amendment was made on June 11, 2004

The 16th amendment was made on June 14, 2005.

The 17th amendment was made on August 1, 2005.

The 18th amendment was made on June 14, 2006

The 19th amendment was made on June 15, 2007.

The 20th amendment was made on May 11, 2010

The 21st amendment was made on June 28, 2012.

The 22nd amendment was made on June 11, 2013

The 23rd amendment was made on June 26, 2015.

The 24th amendment was made on June 29, 2016.

The 25th amendment was made on June 28, 2017.

The 26th amendment was made on June 27, 2019.

The 27th amendment was made on June 30, 2020.

The 28th amendment was made on July 12, 2021.

The 29th amendment was made on December 28, 2021.

The 30th amendment was made on June 30, 2022.

The 31th amendment was made on June 13, 2025.

The 31th amendment was made on September 9, 2025.

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AbonMax Co., Ltd.
Rules of Procedure for Shareholders' Meetings

Article 1: (Establishing Basis)

These Rules have been adopted in order to establish a good governance system, improve the supervisory function and strengthen the management function of the Company's shareholders' meeting pursuant to Article 5 of the Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies for compliance.

The rules of procedures for the Company's shareholders' meetings, except as otherwise provided by laws and regulations or the Articles of Incorporation, shall be in accordance with these Rules.

Article 2: (Calculation shares of shareholders for meeting attendance and meeting)

Attendance at shareholders' meetings shall be calculated based on numbers of shares. The number of shares in attendance shall be calculated according to the shares indicated by the attendance book and sign-in cards handed in, and the shares checked in on the virtual meeting platform, plus the number of shares whose voting rights are exercised by correspondence or electronically.

The chair shall call the meeting to order upon the meeting time and disclose information concerning the number of non-voting shares and number of shares represented by shareholders attending the meeting.

However, when the attending shareholders do not represent a majority of the total number of issued shares, the chair may announce a postponement, provided that no more than two such postponements, for a combined total of no more than one hour, may be made. If the quorum is not met after two postponements and the attending shareholders still represent less than one third of the total number of issued shares, the chair shall declare the meeting adjourned. In the event of a virtual-only shareholders' meeting, the Company shall also declare the meeting adjourned at the virtual meeting platform.

If the quorum is not met after two postponements as referred to in the preceding paragraph, but the attending shareholders represent one third or more of the total number of issued shares, a tentative resolution may be adopted pursuant to Paragraph 1, Article 175 of the Company Act; all shareholders shall be notified of the tentative resolution and another shareholders' meeting shall be convened within one month. In the event of a virtual-only shareholders' meeting, shareholders intending to attend the meeting online shall re-register to the Company in accordance with Article 5.

When, prior to conclusion of the meeting, the attending shareholders represent a majority of the total number of issued shares, the chair may resubmit the tentative resolution for a vote by the shareholders' meeting pursuant to Article 174 of the Company Act.

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Article 3: (Shareholders’ meeting convening and meeting notice)

Unless otherwise provided by law or regulation, the Company's shareholders' meetings shall be convened by the board of directors.

Except as otherwise provided in the Regulations Governing the Administration of Shareholder Services of Public Companies, the Company convening a virtual-only shareholders’ meetings shall expressly provide for such meetings in its Articles of Incorporation and obtain a resolution of its board of directors. Furthermore, convening of a virtual-only shareholders' meeting shall require a resolution adopted by a majority vote at a meeting of the Board of Directors attended by at least two-thirds of the total number of directors.

Any change of the means for convening of a shareholders’ meeting shall be resolved by the Board of Directors. The change shall be made at the latest prior to sending a letter of notification of shareholders’ meeting.

The Company shall prepare electronic versions of the shareholders' meeting notice and proxy forms, and the origins of and explanatory materials relating to all proposals, including proposals for ratification, matters for deliberation, or the election or dismissal of directors, and upload them to the Market Observation Post System (MOPS) 30 days before the date of a regular shareholders' meeting or before 15 days before the date of a special shareholders' meeting.

The Company shall prepare electronic versions of the shareholders’ meeting agenda and supplemental meeting materials and upload them to the MOPS before 21 days before the date of the regular shareholders’ meeting or before 15 days before the date of the special shareholders’ meeting.

15 days before the date of the shareholders’ meeting, the Company shall also have prepared the shareholders’ meeting agenda and supplemental meeting materials and made them available for the shareholders to obtain and review at any time.

The shareholders’ meeting agenda handbook and supplemental materials under the preceding paragraph shall be provided for review by the shareholders by the following means on the date the shareholder’s meeting is convened:

I. For physical shareholders’ meetings, they shall be distributed on-site at the meeting.

II. For hybrid shareholders’ meetings, they shall be distributed on-site at the meeting and shared on the virtual meeting platform.

III. For virtual-only shareholders’ meetings, they shall be distributed via electronic files and shared on the virtual meeting platform.

The reasons for convening the meeting shall be specified in the notice and announcement. The notice may be given by electronic means with the consent of the addressee.

Election or dismissal of directors, amendments to the articles of incorporation, reduction of capital, application for the approval of ceasing its status as a public company, approval of competing with the company by directors, surplus profit

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distributed in the form of new shares, reserve distributed in the form of new shares, the dissolution, merger, or demerger of the Company, or any matter under Paragraph 1, Article 185 of the Company Act, Articles 26-1 and 43-6 of the Securities Exchange Act, Articles 56-1 and 60-2 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall be set out and the essential contents explained in the notice of the reasons for convening the shareholders' meeting. None of the above matters may be raised by an special motion.

Where re-election of all directors as well as their inauguration date is stated in the notice of the reasons for convening the shareholders' meeting, after the completion of the re-election in said meeting such inauguration date may not be altered by any special motion or otherwise in the same meeting.

A shareholder holding one percent or more of the total number of issued shares may submit to the Company a proposal for discussion at a regular shareholders' meeting. The number of items so proposed is limited to one only, and no proposal containing more than one item will be included in the meeting agenda. When the circumstances of any subparagraph of Article 172-1, Paragraph 4 of the Company Act apply to a proposal put forward by a shareholder, the Board of Directors may exclude it from the agenda. A shareholder may propose a recommendation for urging the Company to promote public interests or fulfill its social responsibilities, provided procedurally the number of items so proposed is limited only to one in accordance with Article 172-1 of the Company Act, and no proposal containing more than one item will be included in the meeting agenda.

Article 3-1: (Shareholders' right to proposal)

Prior to the book closure date before a regular shareholders' meeting is held, the Company shall publicly announce its acceptance of shareholder proposals by correspondence or electronically, and the location and time period for their submission; the period for submission of shareholder proposals may not be less than 10 days.

Each proposal submitted by shareholders is limited to 300 words. A proposal exceeding 300 words will not be included in the discussion agenda.

Shareholders making proposals should attend the general shareholders' meeting in person or entrust an agent to attend and participate in the discussion of the proposal.

Prior to the date for issuance of notice of a shareholders' meeting, the Company shall inform the shareholders who submitted proposals of the proposal screening results, and shall list in the meeting notice the proposals that conform to the provisions of this article. At the shareholders' meeting the Board of Directors shall explain the reasons for exclusion of any shareholder proposals not included in the agenda.

Article 3-2: Principles determining the time and place of a shareholders' meeting

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The venue for a shareholders’ meeting shall be the premises of the Company, or a place easily accessible to shareholders and suitable for a shareholders’ meeting. The meeting may begin no earlier than 9 a.m. and no later than 3 p.m. Full consideration shall be given to the opinions of the independent directors with respect to the place and time of the meeting.

The restrictions on the place of the meeting shall not apply when the Company convenes a virtual-only shareholders’ meeting.

Article 3-3: (Attendance and authorization of proxy at shareholders' meetings)

For each shareholders’ meeting, a shareholder may appoint a proxy to attend the meeting by providing the proxy form issued by the Company and stating the scope of the proxy’s authorization.

A shareholder may issue only one proxy form and appoint only one proxy for any given shareholders’ meeting, and shall deliver the proxy form to the Company five days before the date of the shareholders’ meeting. When duplicate proxy forms are delivered, the one received earliest shall prevail, unless a declaration is made to cancel the previous proxy appointment.

After a proxy form has been delivered to the Company, if the shareholder intends to attend the meeting in person or to exercise voting rights by correspondence or electronically, a written notice of proxy cancellation shall be submitted to the Company two business days before the meeting date. If the cancellation notice is submitted after that time, votes cast at the meeting by the proxy shall prevail.

If, after a proxy form is delivered to the Company, a shareholder wishes to attend the shareholders’ meeting online, a written notice of proxy cancellation shall be submitted to the Company two business days before the meeting date. If the cancellation notice is submitted after that time, votes cast at the meeting by the proxy shall prevail.

Article 3-4: (Convening virtual shareholders’ meetings and particulars to be included in shareholders’ meeting notice)

To convene a virtual shareholders’ meeting, the Company shall include the follow particulars in the shareholders’ meeting notice:

I. How shareholders attend the virtual meeting and exercise their rights.

II. Actions to be taken if the virtual meeting platform or participation in the virtual meeting is obstructed due to natural disasters, accidents or other force majeure events, at least covering the following particulars:

(I) To what time the meeting is postponed or from what time the meeting will resume if the above obstruction continues and cannot be removed, and the date to which the meeting is postponed or on which the meeting will resume.

(II) Shareholders not having registered to attend the affected virtual shareholders’ meeting shall not attend the postponed or resumed session.

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(III) In case of a hybrid shareholders' meeting, when the virtual meeting cannot be continued, if the total number of shares represented at the meeting, after deducting those represented by shareholders attending the virtual shareholders' meeting online, meets the minimum legal requirement for a shareholder meeting, then the shareholders' meeting shall continue. The shares represented by shareholders attending the virtual meeting online shall be counted towards the total number of shares represented by shareholders present at the meeting, and the shareholders attending the virtual meeting online shall be deemed abstaining from voting on all proposals on meeting agenda of that shareholders' meeting.

(IV) Actions to be taken if the outcome of all proposals have been announced and special motion has not been carried out.

III. To convene a virtual-only shareholders' meeting, appropriate alternative measures available to shareholders with difficulties in attending a virtual shareholders' meeting online shall be specified.

Except for the situations specified in Paragraph 6, Article 44-9 of the Regulations Governing the Administration of Shareholder Services of Public Companies, connection equipment and necessary assistance shall be at least provided to shareholders, and the period during which shareholders may apply to the Company and other relevant matters shall be specified.

Article 4: (Discussion of motions)

If a shareholders' meeting is convened by the Board of Directors, the meeting agenda shall be set by the Board of Directors. Votes shall be cast on each separate proposal in the agenda (including special motions and amendments to the original proposals set out in the agenda). The meeting shall proceed in the order set by the agenda, which may not be changed without a resolution of the shareholders' meeting.

The provisions of the preceding paragraph apply mutatis mutandis to a shareholders' meeting convened by a party with the power to convene that is not the Board of Directors.

The chair may not declare the meeting adjourned prior to completion of deliberation on the meeting agenda of the preceding two paragraphs (including special motions), except by a resolution of the shareholders' meeting. If the chair declares the meeting adjourned in violation of the rules of procedure, the other members of the Board of Directors shall promptly assist the attending shareholders in electing a new chair in accordance with statutory procedures, by agreement of a majority of the votes represented by the attending shareholders, and then continue the meeting.

The chair shall allow ample opportunity during the meeting for explanation and discussion of proposals and of amendments or special motions put forward by the shareholders; when the chair is of the opinion that a proposal has been

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discussed sufficiently to put it to a vote, the chair may announce the discussion closed, call for a vote, and schedule sufficient time for voting.

Article 5: (Preparation of documents such as the attendance book)

The Company shall specify in its shareholders’ meeting notices the time during which attendance registrations for shareholders, solicitors and proxies (collectively “shareholders”) will be accepted, the place to register for attendance, and other matters for attention.

The time during which shareholder attendance registrations will be accepted, as stated in the preceding paragraph, shall be at least 30 minutes prior to the time the meeting commences. The place at which attendance registrations are accepted shall be clearly marked and a sufficient number of suitable personnel assigned to handle the registrations. For virtual meetings, shareholders may begin to register on the virtual meeting platform 30 minutes before the meeting starts. Shareholders completing registration will be deemed as attending the shareholders’ meeting in person.

The shareholders or their proxies (hereinafter referred to as “shareholders”) shall present their attendance cards, sign-in cards, or other proof of attendance to attend the shareholders’ meeting; those soliciting powers of attorney shall also carry identification for verification purposes.

The Company shall furnish the attending shareholders with an attendance book to sign, or attending shareholders may hand in a sign-in card in lieu of signing in.

The Company shall furnish attending shareholders with the meeting agenda book, annual report, attendance card, speaker’s slips, voting slips, and other meeting materials. Where there is an election of directors, pre-printed ballots shall also be furnished.

When the government or a legal person is a shareholder, he/she may be represented by more than one representative at a shareholders’ meeting. When a legal person is appointed to attend as proxy, he/she may designate only one person to represent himself/herself in the meeting.

In the event of a virtual shareholders’ meeting, shareholders wishing to attend the meeting online shall register with the Company two days before the meeting date.

In the event of a virtual shareholders’ meeting, the Company shall upload the meeting agenda book, annual report and other meeting materials to the virtual meeting platform at least 30 minutes before the meeting starts, and keep this information disclosed until the end of the meeting.

Article 5-1: (The chair and non-voting participants of a shareholders’ meeting)

If a shareholders’ meeting is convened by the Board of Directors, the meeting shall be chaired by the chairman. When the chairman is on leave or for any reason unable to exercise the powers of the chairman, the vice chairman shall

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act in place of the chairman; if there is no vice chairman or the vice chairman also is on leave or for any reason unable to exercise the powers of the vice chairman, the chairman shall appoint one of the managing directors to act as chair, or, if there are no managing directors, one of the directors shall be appointed to act as chair. Where the chairman does not make such a designation, the managing directors or the directors shall select from among themselves one person to serve as chair.

It is advised that shareholders’ meetings convened by the Board of Directors be chaired by the chairman in person and attended by a majority of the directors.

If a shareholders’ meeting is convened by a party with power to convene but other than the Board of Directors, the convening party shall chair the meeting.

When there are two or more such convening parties, they shall mutually select a chair from among themselves.

The Company may appoint its attorneys, certified public accountants, or related persons retained by it to attend a shareholders’ meeting.

Article 6: (Calculation of voting shares and recusal system)

Voting at a shareholders’ meeting shall be calculated based on the number of shares.

With respect to resolutions of shareholders’ meetings, the number of shares held by a shareholder with no voting rights shall not be calculated as part of the total number of issued shares.

When a shareholder is an interested party in relation to an agenda item, and there is the likelihood that such a relationship would prejudice the interests of the Company, that shareholder may not vote on that item, and may not exercise voting rights as proxy for any other shareholder.

The number of shares for which voting rights may not be exercised under the preceding paragraph shall not be calculated as part of the voting rights represented by attending shareholders.

With the exception of a trust enterprise or a shareholder services agent approved by the competent securities authority, when one person is concurrently appointed as proxy by two or more shareholders, the voting rights represented by that proxy may not exceed three percent of the voting rights represented by the total number of issued shares. If that percentage is exceeded, the voting rights in excess of that percentage shall not be included in the calculation.

Article 7: (Election matters)

The election of directors at a shareholders’ meeting shall be held in accordance with the applicable election and appointment rules adopted by the Company, and the voting results shall be announced on-site immediately, including the names of those elected as directors and the numbers of votes with which they were elected.

The ballots for the election referred to in the preceding paragraph shall be sealed

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with the signatures of the monitoring personnel and kept in proper custody for at least one year.

If, however, a shareholder files a lawsuit pursuant to Article 189 of the Company Act, the ballots shall be retained until the conclusion of the litigation.

Article 8: (Voting on proposal, vote monitoring and vote counting)

A shareholder shall be entitled to one vote for each share held, except when the shares are restricted to shares by law or are deemed non-voting shares under Paragraph 2, Article 179 of the Company Act.

When the Company holds a shareholders’ meeting, it shall exercise voting rights by correspondence or electronic means. When voting rights are exercised by correspondence or electronic means, the method of exercise shall be specified in the shareholders’ meeting notice. A shareholder exercising voting rights by correspondence or electronic means will be deemed to have attended the meeting in person. However, to have waived his/her rights with respect to the special motions and amendments to original proposals of that meeting; it is therefore advisable that the Company avoid the submission of special motions and amendments to original proposals.

A shareholder intending to exercise voting rights by correspondence or electronic means under the preceding paragraph shall deliver a written declaration of intent to the Company two days before the date of the shareholders’ meeting. When duplicate declarations of intent are delivered, the one received earliest shall prevail, except when a declaration is made to cancel the earlier declaration of intent.

After a shareholder has exercised voting rights by correspondence or electronic means, in the event the shareholder intends to attend the shareholders’ meeting in person or online, a written declaration of intent to retract the voting rights already exercised under the preceding paragraph shall be made known to the Company, by the same means by which the voting rights were exercised, two business days before the date of the shareholders’ meeting. If the notice of retraction is submitted after that time, the voting rights already exercised by correspondence or electronic means shall prevail. When a shareholder has exercised voting rights both by correspondence or electronic means and by appointing a proxy to attend a shareholders’ meeting, the voting rights exercised by the proxy in the meeting shall prevail.

Except as otherwise provided in the Company Act and in the Company’s Articles of Incorporation, the passage of a proposal shall require an affirmative vote of a majority of the voting rights represented by the attending shareholders. At the time of a vote, for each proposal, the chair or a person designated by the chair shall first announce the total number of voting rights represented by the attending shareholders, followed by a poll of the shareholders. After the conclusion of the meeting, on the same day it is held, the results for each proposal, based on the numbers of votes for and against and the number of abstentions, shall be entered into the MOPS.

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When there is an amendment or an alternative to a proposal, the chair shall present the amended or alternative proposal together with the original proposal and decide the order in which they will be put to a vote. When any one among them is passed, the other proposals will then be deemed rejected, and no further voting shall be required.

Vote monitoring and counting personnel for the voting on a proposal shall be appointed by the chair, provided that all monitoring personnel shall be shareholders of the Company. Vote counting for shareholders’ meeting proposals or elections shall be conducted in public at the place of the shareholders’ meeting. Immediately after vote counting has been completed, the results of the voting, including the statistical tallies of the numbers of votes, shall be announced on-site at the meeting, and a record made of the vote.

When the Company convenes a virtual shareholders’ meeting, after the chair declares the meeting open, shareholders attending the meeting online shall cast votes on proposals and elections on the virtual meeting platform before the chair announces the voting session ends or will be deemed abstained from voting.

In the event of a virtual shareholders’ meeting, votes shall be counted at once after the chair announces the voting session ends, and results of votes and elections shall be announced immediately.

When the Company convenes a hybrid shareholders’ meeting, if shareholders who have registered to attend the meeting online in accordance with Article 6 decide to attend the physical shareholders’ meeting in person, they shall revoke their registration two days before the shareholders’ meeting in the same manner as they registered. If their registration is not revoked within the time limit, they may only attend the shareholders’ meeting online.

When shareholders exercise voting rights by correspondence or electronic means, unless they have withdrawn the declaration of intent and attended the shareholders’ meeting online, except for special motions, they will not exercise voting rights on the original proposals or make any amendments to the original proposals or exercise voting rights on amendments to the original proposal.

Article 9: (Shareholder speech)

Before speaking, an attending shareholder must specify on a speaker’s slip the subject of the speech, his/her shareholder account number (or attendance card number), and account name. The order in which shareholders speak will be set by the chair.

A shareholder in attendance who has submitted a speaker’s slip but does not actually speak shall be deemed to have not spoken. When the content of the speech does not correspond to the subject given on the speaker’s slip, the spoken content shall prevail.

Except with the consent of the chair, a shareholder may not speak more than twice on the same proposal, and a single speech may not exceed three minutes. If the shareholder’s speech violates the rules or exceeds the scope of the agenda

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item, the chair may terminate the speech.

When an attending shareholder is speaking, other shareholders may not speak or interrupt unless they have sought and obtained the consent of the chair and the shareholder that has the floor; the chair shall stop any violation.

When a corporate shareholder appoints two or more representatives to attend a shareholders' meeting, only one of the representatives so appointed may speak on the same proposal.

After an attending shareholder has spoken, the chair may respond in person or direct relevant personnel to respond.

Where a virtual shareholders' meeting is convened, shareholders attending the virtual meeting online may raise questions in writing at the virtual meeting platform from the chair declaring the meeting open until the chair declaring the meeting adjourned. No more than two questions for the same proposal may be raised. Each question shall contain no more than 200 words. The regulations in Paragraphs 1 to 5 do not apply.

As long as questions so raised in accordance with the preceding paragraph are not in violation of the regulations or beyond the scope of a proposal, it is advisable the questions be disclosed to the public at the virtual meeting platform.

Article 10: (Documentation of a shareholders' meeting by audio or video)

The Company, beginning from the time it accepts shareholder attendance registrations, shall make an uninterrupted audio and video recording of the registration procedure, the proceedings of the shareholders' meeting, and the voting and vote counting procedures.

The recorded materials of the preceding paragraph shall be retained for at least one year. If, however, a shareholder files a lawsuit pursuant to Article 189 of the Company Act, the ballots shall be retained until the conclusion of the litigation.

Where a shareholders' meeting is held online, the Company shall keep records of shareholder registration, sign-in, check-in, questions raised, votes cast and results of votes counted by the Company, and continuously audio and video record, without interruption, the proceedings of the virtual meeting from beginning to end.

The information and audio and video recording in the preceding paragraph shall be properly kept by the Company during the entirety of its existence, and copies of the audio and video recording shall be provided to and kept by the party appointed to handle matters of the virtual meeting.

In case of a virtual shareholders' meeting, the Company is advised to audio and video record the back-end operation interface of the virtual meeting platform.

Article 11: (Meeting minutes and sign-in matters)

Matters relating to the resolutions of a shareholders' meeting shall be recorded in the meeting minutes. The meeting minutes shall be signed or sealed by the

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chair of the meeting and a copy distributed to each shareholder within 20 days after the conclusion of the meeting. The meeting minutes may be produced and distributed in electronic form.

The Company may distribute the meeting minutes of the preceding paragraph by means of a public announcement made through the MOPS.

The meeting minutes shall accurately record the year, month, day, and place of the meeting, the chair's full name, the methods by which resolutions were adopted, and a summary of the deliberations and their voting results. The minutes shall be retained for the duration of the existence of the Company.

Where a virtual shareholders' meeting is convened, in addition to the particulars to be included in the meeting minutes as described in the preceding paragraph, the start time and end time of the shareholders' meeting, how the meeting is convened, the name of the chair and secretary, and actions to be taken in the event of disruption to the virtual meeting platform or participation in the meeting online due to natural disasters, accidents or other force majeure events, and how issues are dealt with shall also be included in the minutes.

When convening a virtual-only shareholders' meeting, other than compliance with the requirements in the preceding paragraph, the Company shall specify in the meeting minutes alternative measures available to shareholders with difficulties in attending a virtual-only shareholders' meeting online.

Article 12: (Recess and resumption of a shareholders' meeting)

When a meeting is in progress, the chair may announce a break based on time considerations. If a force majeure event occurs, the chair may rule the meeting temporarily suspended and announce a time when, in view of the circumstances, the meeting will be resumed.

Article 13: Before the completion of the agenda of the shareholders' meeting (including special motions), if the meeting venue is no longer in use, the shareholders' meeting may resolve to find another venue to continue the meeting.

A resolution may be adopted at a shareholders' meeting to defer or resume the meeting within five days in accordance with Article 182 of the Company Act.

Article 13-1: (Public disclosure)

On the day of a shareholders' meeting, the Company shall compile in the prescribed format a statistical statement of the number of shares obtained by solicitors through solicitation, the number of shares represented by proxies and the number of shares represented by shareholders attending the meeting by correspondence or electronic means, and shall make an express disclosure of the same at the place of the shareholders' meeting. In the event a virtual shareholders' meeting, the Company shall upload the above meeting materials to the virtual meeting platform at least 30 minutes before the meeting starts, and keep this information disclosed until the end of the meeting.

During the Company's virtual shareholders' meeting, when the meeting is called to order, the total number of shares represented at the meeting shall be

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disclosed on the virtual meeting platform. The same shall apply whenever the total number of shares represented at the meeting and a new tally of votes is released during the meeting.

If matters put to a resolution at a shareholders’ meeting constitute material information under applicable laws or regulations, the Company shall upload the content of such resolution to the MOPS within the prescribed period.

Article 13-2: (Maintaining order at the meeting place)

The chair may direct the proctors or security personnel to help maintain order at the meeting place.

At the place of a shareholders’ meeting, if a shareholder attempts to speak through any device other than the public address equipment set up by the Company, the chair may prevent the shareholder from so doing.

When a shareholder violates the rules of procedure and defies the chair's correction, obstructing the proceedings and refusing to heed calls to stop, the chair may direct the proctors or security personnel to escort the shareholder from the meeting.

Article 13-3: (Disclosure of information at virtual meetings)

In the event of a virtual shareholders’ meeting, the Company shall disclose real-time results of votes and election immediately after the end of the voting session on the virtual meeting platform according to the regulations, and this disclosure shall continue at least 15 minutes after the chair has announced the meeting adjourned.

Article 13-4: (Location of the chair and secretary of virtual-only shareholders' meeting)

When the Company convenes a virtual-only shareholders’ meeting, both the chair and secretary shall be in the same location, and the chair shall declare the address of their location when the meeting is called to order.

Article 13-5: (Handling of disconnection)

I. In the event of a virtual shareholders' meeting, the Company may offer a simple connection test to shareholders prior to the meeting, and provide relevant real-time services before and during the meeting to help resolve communication technical issues.

In the event of a virtual shareholders' meeting, when declaring the meeting open, the chair shall also declare, unless under a circumstance where a meeting is not required to be postponed to or resumed at another time under Article 44-20, paragraph 4 of the Regulations Governing the Administration of Shareholder Services of Public Companies, if the virtual meeting platform or participation in the virtual meeting is obstructed due to natural disasters, accidents or other force majeure events before the chair has announced the meeting adjourned, and the obstruction continues for more than 30 minutes, the meeting shall be postponed to or resumed on another date within five days, in which case Article 182 of the Company Act shall not apply.

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For a meeting to be postponed or resumed as described in the preceding paragraph, shareholders who have not registered to participate in the affected shareholders' meeting online shall not attend the postponed or resumed session.

For a meeting to be postponed or resumed under Paragraph 2, the number of shares represented by, and voting rights and election rights exercised by the shareholders who have registered to participate in the affected shareholders' meeting and have successfully signed in the meeting, but do not attend the postpone or resumed session, at the affected shareholders' meeting, shall be counted towards the total number of shares, number of voting rights and number of election rights represented at the postponed or resumed session.

During a postponed or resumed session of a shareholders' meeting held under the second paragraph, no further discussion or resolution is required for proposals for which votes have been cast and counted and results have been announced, or list of elected directors.

When the Company convenes a hybrid shareholders' meeting, and the virtual meeting cannot continue as described in second paragraph, if the total number of shares represented at the meeting, after deducting those represented by shareholders attending the virtual meeting online, still meets the minimum legal requirement for a shareholders' meeting, then the shareholders' meeting shall continue, and not postponement or resumption thereof under the second paragraph is required.

Under the circumstances where a meeting should continue as in the preceding paragraph, the shares represented by shareholders attending the virtual meeting online shall be counted towards the total number of shares represented by shareholders present at the meeting, provided these shareholders shall be deemed abstaining from voting on all proposals on meeting agenda of that shareholders' meeting.

When postponing or resuming a meeting according to the second paragraph, the Company shall handle the preparatory work based on the date of the original shareholders' meeting in accordance with the requirements listed under Paragraph 7, Article 44-20 of the Regulations Governing the Administration of Shareholder Services of Public Companies.

For dates or period set forth under Article 12, second half, and Paragraph 3, Article 13 of Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies, and Paragraph 2, Article 44-5, Article 44-15, and Paragraph 1, Article 44-17 of the Regulations Governing the Administration of Shareholder Services of Public Companies, the Company shall handle the matter based on the date of the shareholders' meeting that is postponed or resumed under Paragraph 2.

Article 13-6: (Handling of digital divide)

When convening a virtual-only shareholders' meeting, the Company shall provide appropriate alternative measures available to shareholders with

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difficulties in attending a virtual shareholders' meeting online.

Article 14: Any matters not provided for in these Rules shall be handled in accordance with the laws and regulations of the competent authority and the relevant provisions of the company's Articles of Incorporation.

Article 15: These Rules shall take effect after having been submitted to and approved by a shareholders' meeting. Subsequent amendments thereto shall be effected in the same manner.

Article 16: These Rules were established on June 5, 1998.
The 1st amendment was made on June 14, 2002
The 2nd amendment was made on June 14, 2006
The 3rd amendment was made on June 30, 2020.
The 4th amendment was made on July 12, 2021.
The 5th amendment was made on December 28, 2021.
The 6th amendment was made on June 30, 2022.

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AbonMax Co., Ltd.

Comparison Table of Amendments to the Rules of Procedure for Shareholders' Meetings

Article	Revised Article	Original Article	Explanation of Amendment
Article 3	(Notice of Shareholders' Meeting)
Unless otherwise provided by law or regulation, the Company's shareholders' meetings shall be convened by the board of directors.
Except as otherwise provided in the Regulations Governing the Administration of Shareholder Services of Public Companies, the Company convening a virtual-only shareholders' meetings shall expressly provide for such meetings in its Articles of Incorporation and obtain a resolution of its board of directors. Furthermore, convening of a virtual-only shareholders' meeting shall require a resolution adopted by a majority vote at a meeting of the Board of Directors attended by at least two-thirds of the total number of directors.
Any change of the means for convening of a shareholders' meeting shall be resolved by the Board of Directors. The change shall be made at the latest prior to sending a letter of notification of shareholders' meeting.
The Company shall, no later than 30 days prior to the date of a regular shareholders' meeting or 15 days prior to the date of an extraordinary shareholders' meeting, prepare electronic files of the meeting notice, proxy form, proposals for ratification, discussion matters, election or removal of directors, and other relevant proposals, together with the shareholders' meeting handbook and supplementary materials, and transmit them to the Market Observation Post System (MOPS).
The Company shall, at least 15 days prior to the date of a shareholders' meeting, prepare the shareholders' meeting handbook and supplementary materials, make them available for shareholders' inspection at any time, and display them at the Company and at the professional shareholder services agent appointed by the Company.
The shareholders' meeting agenda handbook and supplemental materials under the preceding paragraph shall be provided for review by the shareholders by the following means on the date the shareholder's meeting is convened:
I. For physical shareholders' meetings, they shall be distributed on-site at the meeting.
II. For hybrid shareholders' meetings, they	(Notice of Shareholders' Meeting)
Unless otherwise provided by law or regulation, the Company's shareholders' meetings shall be convened by the board of directors.
Except as otherwise provided in the Regulations Governing the Administration of Shareholder Services of Public Companies, the Company convening a virtual-only shareholders' meetings shall expressly provide for such meetings in its Articles of Incorporation and obtain a resolution of its board of directors. Furthermore, convening of a virtual-only shareholders' meeting shall require a resolution adopted by a majority vote at a meeting of the Board of Directors attended by at least two-thirds of the total number of directors.
Any change of the means for convening of a shareholders' meeting shall be resolved by the Board of Directors. The change shall be made at the latest prior to sending a letter of notification of shareholders' meeting.
The Company shall prepare electronic versions of the shareholders' meeting notice and proxy forms, and the origins of and explanatory materials relating to all proposals, including proposals for ratification, matters for deliberation, or the election or dismissal of directors, and upload them to the Market Observation Post System (MOPS) 30 days before the date of a regular shareholders' meeting or before 15 days before the date of a special shareholders' meeting.
The Company shall prepare electronic versions of the shareholders' meeting agenda and supplemental meeting materials and upload them to the MOPS before 21 days before the date of the regular shareholders' meeting or before 15 days before the date of the special shareholders' meeting.
15 days before the date of the shareholders' meeting, the Company shall also have prepared the shareholders' meeting agenda and supplemental meeting materials and made them available for the shareholders to obtain and review at any time.
The shareholders' meeting agenda handbook and supplemental materials under the preceding paragraph shall be provided for review by the shareholders by the following	Amended in compliance with statutory requirements

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Article	Revised Article	Original Article	Explanation of Amendment
	shall be distributed on-site at the meeting and shared on the virtual meeting platform.
III. For virtual-only shareholders’ meetings, they shall be distributed via electronic files and shared on the virtual meeting platform.
The reasons for convening the meeting shall be specified in the notice and announcement.
The notice may be given by electronic means with the consent of the addressee.
Election or dismissal of directors, amendments to the articles of incorporation, reduction of capital, application for the approval of ceasing its status as a public company, approval of competing with the company by directors, surplus profit distributed in the form of new shares, reserve distributed in the form of new shares, the dissolution, merger, or demerger of the Company, or any matter under Paragraph 1, Article 185 of the Company Act, Articles 26-1 and 43-6 of the Securities Exchange Act, Articles 56-1 and 60-2 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall be set out and the essential contents explained in the notice of the reasons for convening the shareholders’ meeting. None of the above matters may be raised by an special motion.
Where re-election of all directors as well as their inauguration date is stated in the notice of the reasons for convening the shareholders’ meeting, after the completion of the re-election in said meeting such inauguration date may not be altered by any special motion or otherwise in the same meeting.
A shareholder holding one percent or more of the total number of issued shares may submit to the Company a proposal for discussion at a regular shareholders’ meeting. The number of items so proposed is limited to one only, and no proposal containing more than one item will be included in the meeting agenda. When the circumstances of any subparagraph of Article 172-1, Paragraph 4 of the Company Act apply to a proposal put forward by a shareholder, the Board of Directors may exclude it from the agenda. A shareholder may propose a recommendation for urging the Company to promote public interests or fulfill its social responsibilities, provided procedurally the number of items so proposed is limited only to one in accordance with Article 172-1 of the Company Act, and no proposal containing more than one item will be included in the meeting agenda.	means on the date the shareholder’s meeting is convened:
I. For physical shareholders’ meetings, they shall be distributed on-site at the meeting.
II. For hybrid shareholders’ meetings, they shall be distributed on-site at the meeting and shared on the virtual meeting platform.
III. For virtual-only shareholders’ meetings, they shall be distributed via electronic files and shared on the virtual meeting platform.
The reasons for convening the meeting shall be specified in the notice and announcement.
The notice may be given by electronic means with the consent of the addressee.
Election or dismissal of directors, amendments to the articles of incorporation, reduction of capital, application for the approval of ceasing its status as a public company, approval of competing with the company by directors, surplus profit distributed in the form of new shares, reserve distributed in the form of new shares, the dissolution, merger, or demerger of the Company, or any matter under Paragraph 1, Article 185 of the Company Act, Articles 26-1 and 43-6 of the Securities Exchange Act, Articles 56-1 and 60-2 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall be set out and the essential contents explained in the notice of the reasons for convening the shareholders’ meeting. None of the above matters may be raised by an special motion.
Where re-election of all directors as well as their inauguration date is stated in the notice of the reasons for convening the shareholders’ meeting, after the completion of the re-election in said meeting such inauguration date may not be altered by any special motion or otherwise in the same meeting.
A shareholder holding one percent or more of the total number of issued shares may submit to the Company a proposal for discussion at a regular shareholders’ meeting. The number of items so proposed is limited to one only, and no proposal containing more than one item will be included in the meeting agenda. When the circumstances of any subparagraph of Article 172-1, Paragraph 4 of the Company Act apply to a proposal put forward by a shareholder, the Board of Directors may exclude it from the agenda. A shareholder may propose a recommendation for urging the Company to promote public interests or fulfill its social responsibilities, provided

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Article	Revised Article	Original Article
		procedurally the number of items so proposed is limited only to one in accordance with Article 172-1 of the Company Act, and no proposal containing more than one item will be included in the meeting agenda.
Article 8	(Voting on proposal, vote monitoring and vote counting)
A shareholder shall be entitled to one vote for each share held, except when the shares are restricted shares by law or are deemed non-voting shares under Paragraph 2, Article 179 of the Company Act.
When the Company holds a shareholders’ meeting, it shall exercise voting rights by correspondence or electronic means. When voting rights are exercised by correspondence or electronic means, the method of exercise shall be specified in the shareholders’ meeting notice. A shareholder exercising voting rights by correspondence or electronic means will be deemed to have attended the meeting in person. However, to have waived his/her rights with respect to the special motions and amendments to original proposals of that meeting; it is therefore advisable that the Company avoid the submission of special motions and amendments to original proposals.
A shareholder intending to exercise voting rights by correspondence or electronic means under the preceding paragraph shall deliver a written declaration of intent to the Company two days before the date of the shareholders’ meeting. When duplicate declarations of intent are delivered, the one received earliest shall prevail, except when a declaration is made to cancel the earlier declaration of intent.
After a shareholder has exercised voting rights by correspondence or electronic means, in the event the shareholder intends to attend the shareholders’ meeting in person or online, a written declaration of intent to retract the voting rights already exercised under the preceding paragraph shall be made known to the Company, by the same means by which the voting rights were exercised, two business days before the date of the shareholders’ meeting. If the notice of retraction is submitted after that time, the voting rights already exercised by correspondence or electronic means shall prevail. When a shareholder has exercised voting rights both by correspondence or electronic means and by	(Voting on proposal, vote monitoring and vote counting)
A shareholder shall be entitled to one vote for each share held, except when the shares are restricted shares by law or are deemed non-voting shares under Paragraph 2, Article 179 of the Company Act.
When the Company holds a shareholders’ meeting, it shall exercise voting rights by correspondence or electronic means. When voting rights are exercised by correspondence or electronic means, the method of exercise shall be specified in the shareholders’ meeting notice. A shareholder exercising voting rights by correspondence or electronic means will be deemed to have attended the meeting in person. However, to have waived his/her rights with respect to the special motions and amendments to original proposals of that meeting; it is therefore advisable that the Company avoid the submission of special motions and amendments to original proposals.
A shareholder intending to exercise voting rights by correspondence or electronic means under the preceding paragraph shall deliver a written declaration of intent to the Company two days before the date of the shareholders’ meeting. When duplicate declarations of intent are delivered, the one received earliest shall prevail, except when a declaration is made to cancel the earlier declaration of intent.
After a shareholder has exercised voting rights by correspondence or electronic means, in the event the shareholder intends to attend the shareholders’ meeting in person or online, a written declaration of intent to retract the voting rights already exercised under the preceding paragraph shall be made known to the Company, by the same means by which the voting rights were exercised, two business days before the date of the shareholders’ meeting. If the notice of retraction is submitted after that time, the voting rights already exercised by correspondence or electronic means shall prevail. When a shareholder has exercised voting rights both	Amended in compliance with statutory requirements

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Article	Revised Article	Original Article	Explanation of Amendment
	appointing a proxy to attend a shareholders’ meeting, the voting rights exercised by the proxy in the meeting shall prevail.
Except as otherwise provided in the Company Act and in the Company’s Articles of Incorporation, the passage of a proposal shall require an affirmative vote of a majority of the voting rights represented by the attending shareholders. At the time of a vote, for each proposal, the chair or a person designated by the chair shall first announce the total number of voting rights represented by the attending shareholders, followed by a poll of the shareholders. After the conclusion of the meeting, on the same day it is held, the results for each proposal, based on the numbers of votes for and against and the number of abstentions, shall be entered into the MOPS. When there is an amendment or an alternative to a proposal, the chair shall present the amended or alternative proposal together with the original proposal and decide the order in which they will be put to a vote. When any one among them is passed, the other proposals will then be deemed rejected, and no further voting shall be required.
Vote monitoring and counting personnel for the voting on a proposal shall be appointed by the chair, provided that all monitoring personnel shall be shareholders of the Company.
In the event of a director election at a shareholders’ meeting where the number of candidates exceeds the number of seats to be filled, a proposal for the removal of a director, or a proposal concerning matters specified in Article 185 or 316 of the Company Act, Articles 18, 27, 29, or 35 of the Business Mergers and Acquisitions Act, or subparagraph 1 of paragraph 2 of Article 24 or subparagraph 1 of paragraph 2 of Article 26 of the Financial Holding Company Act, the chairperson shall designate a lawyer, certified public accountant, or notary public to serve as ballot examiner.
The persons designated by the chairperson pursuant to the preceding paragraph shall not be responsible for matters relating to the voting procedures, nor shall they serve as directors, managers, or employees of the Company or any of its affiliated enterprises.
The minutes of the shareholders’ meeting shall specify the names and titles of the ballot scrutineers so designated.	by correspondence or electronic means and by appointing a proxy to attend a shareholders’ meeting, the voting rights exercised by the proxy in the meeting shall prevail.
Except as otherwise provided in the Company Act and in the Company’s Articles of Incorporation, the passage of a proposal shall require an affirmative vote of a majority of the voting rights represented by the attending shareholders. At the time of a vote, for each proposal, the chair or a person designated by the chair shall first announce the total number of voting rights represented by the attending shareholders, followed by a poll of the shareholders. After the conclusion of the meeting, on the same day it is held, the results for each proposal, based on the numbers of votes for and against and the number of abstentions, shall be entered into the MOPS. When there is an amendment or an alternative to a proposal, the chair shall present the amended or alternative proposal together with the original proposal and decide the order in which they will be put to a vote. When any one among them is passed, the other proposals will then be deemed rejected, and no further voting shall be required.
Vote monitoring and counting personnel for the voting on a proposal shall be appointed by the chair, provided that all monitoring personnel shall be shareholders of the Company.
This provision is newly added.
This provision is newly added.
This provision is newly added.
Vote counting for shareholders’ meeting proposals or elections shall be conducted in public at the place of the shareholders’ meeting. Immediately after vote counting has been completed, the results of the voting, including the statistical tallies of the numbers of votes, shall be announced on-site at the meeting, and a record made of the vote.
When the Company convenes a virtual shareholders’ meeting, after the chair declares the meeting open, shareholders attending the meeting online shall cast votes on proposals and elections on the virtual meeting platform before the chair announces the voting session ends or will be deemed abstained from voting. In the event of a virtual shareholders’ meeting, votes shall be counted at once after the chair announces the voting session ends, and results of votes and elections shall be

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Article	Revised Article	Original Article	Explanation of Amendment
	Ballot scrutineers shall supervise the voting and counting processes and shall sign the election results tally sheet.
Vote counting for shareholders’ meeting proposals or elections shall be conducted in public at the place of the shareholders’ meeting. Immediately after vote counting has been completed, the results of the voting, including the statistical tallies of the numbers of votes, shall be announced on-site at the meeting, and a record made of the vote.
When the Company convenes a virtual shareholders’ meeting, after the chair declares the meeting open, shareholders attending the meeting online shall cast votes on proposals and elections on the virtual meeting platform before the chair announces the voting session ends or will be deemed abstained from voting. In the event of a virtual shareholders’ meeting, votes shall be counted at once after the chair announces the voting session ends, and results of votes and elections shall be announced immediately.
When the Company convenes a hybrid shareholders’ meeting, if shareholders who have registered to attend the meeting online in accordance with Article 6 decide to attend the physical shareholders’ meeting in person, they shall revoke their registration two days before the shareholders’ meeting in the same manner as they registered. If their registration is not revoked within the time limit, they may only attend the shareholders’ meeting online.
When shareholders exercise voting rights by correspondence or electronic means, unless they have withdrawn the declaration of intent and attended the shareholders’ meeting online, except for special motions, they will not exercise voting rights on the original proposals or make any amendments to the original proposals or exercise voting rights on amendments to the original proposal.	announced immediately.
When the Company convenes a hybrid shareholders’ meeting, if shareholders who have registered to attend the meeting online in accordance with Article 6 decide to attend the physical shareholders’ meeting in person, they shall revoke their registration two days before the shareholders’ meeting in the same manner as they registered. If their registration is not revoked within the time limit, they may only attend the shareholders’ meeting online.
When shareholders exercise voting rights by correspondence or electronic means, unless they have withdrawn the declaration of intent and attended the shareholders’ meeting online, except for special motions, they will not exercise voting rights on the original proposals or make any amendments to the original proposals or exercise voting rights on amendments to the original proposal.
Article 16	These Rules were established on June 5, 1998.
The 1st amendment was made on June 14, 2002
The 2nd amendment was made on June 14, 2006
The 3rd amendment was made on June 30, 2020.
The 4th amendment was made on July 12, 2021.
The 5th amendment was made on December 28, 2021.
The 6th amendment was made on June 30,	These Rules were established on June 5, 1998.
The 1st amendment was made on June 14, 2002
The 2nd amendment was made on June 14, 2006
The 3rd amendment was made on June 30, 2020.
The 4th amendment was made on July 12, 2021.
The 5th amendment was made on December 28, 2021.
The 6th amendment was made on June 30,	Number of newly added amendments

Article	Revised Article	Original Article	Explanation of Amendment
	2022.
The 7th amendment was made on June 29, 2023.
The 8th amendment was made on June 16, 2026.	2022.
The 7th amendment was made on June 29, 2023.

65 -

66 -

AbonMax Co., Ltd.

Shareholding of All Directors

I. The Company’s paid-in capital is NT$855,000,000 and the number of issued shares is 85,500,000.
II. According to Article 26 of the Securities and Exchange Act, all directors must collectively hold a minimum of 6,840,000 shares.
III. The number of shares held by the directors listed on the shareholder roster as of the record date for the shareholders’ meeting (April 18, 2026) is as follows.
IV. In accordance with Article 2 of the “Rules and Review Procedures for Director and Supervisor Share Ownership Ratios at Public Companies”, if two or more independent directors are elected, the shareholding percentage required of all directors and supervisors excluding independent directors is reduced to 80%.
V. The total number of shares held by all directors has reached the legally required threshold.

Book closure date: April 18, 2026

Job title	Name	Number of shares recorded in the shareholder roster as of the book closure date
		Number of Shares	% of the total shares outstanding at the time
Director	Star Trend Enterprise Corp.
Representative: Chou Wei-Kun	10,545,000
4,000,000	17.01%
Director	Seda Prosperity Co., Ltd.
Representative: Liu Chen-Chen	4,751,800
89,202	5.66%
Director	Huang Te-Lun	0	0
Director	Jenlink Biotech Co., Ltd.
Representative: Huang Hui-Chieh	116,000
120,000	0.28%
Independent Director	Shen Hua-Rung	0	0
Independent Director	Hsu, Ming-Jen	0	0
Independent Director	Chen, Chien-Liang	0	0
Total	Shareholding by all directors	19,622,202	22.95%

AI assistant

PWT Proxy Solicitation & Information Statement 2026

52077_rns_2026-05-14_d562cc34-7b64-44fa-9296-0dd8819197a7.pdf

Table of Content

Three. Matters for Report

Four. Matters for Ratification

Five. Matters for Discussion

3. Reason for the private placement

AbonMax Co., Ltd.

Business Report

Independent Auditor's Report

Audit Opinions

Basis for opinion

Auditor's responsibilities for the audit of the consolidated financial statements

AbonMax Co., Ltd and its Subsidiaries

Consolidated Statements of Comprehensive Income

From January 1 to December 31, 2025 and 2024

Independent Auditors’ Report

Audit opinions

The basis for opinions

Key audit matters

Auditor’s responsibilities for the audit of the parent company only financial statements

王毅民

AbonMax Co., Ltd.

Articles of Incorporation

Chapter 1 General Provisions

Chapter 3 shareholders' meeting

Chapter 4 Directors, Audit Committee

Chapter 6 Supplementary Provisions

Article 3-1: (Shareholders' right to proposal)

Article 3-2: Principles determining the time and place of a shareholders' meeting

Article 8: (Voting on proposal, vote monitoring and vote counting)

Article 13-6: (Handling of digital divide)

AbonMax Co., Ltd.

AbonMax Co., Ltd.

Shareholding of All Directors

AI assistant

PWT — Proxy Solicitation & Information Statement 2026

52077_rns_2026-05-14_d562cc34-7b64-44fa-9296-0dd8819197a7.pdf

Table of Content

Three. Matters for Report

Four. Matters for Ratification

Five. Matters for Discussion

3. Reason for the private placement

AbonMax Co., Ltd.

Business Report

Independent Auditor's Report

Audit Opinions

Basis for opinion

Auditor's responsibilities for the audit of the consolidated financial statements

AbonMax Co., Ltd and its Subsidiaries

Consolidated Statements of Comprehensive Income

From January 1 to December 31, 2025 and 2024

Independent Auditors’ Report

Audit opinions

The basis for opinions

Key audit matters

Auditor’s responsibilities for the audit of the parent company only financial statements

王毅民

AbonMax Co., Ltd.

Articles of Incorporation

Chapter 1 General Provisions

Chapter 3 shareholders' meeting

Chapter 4 Directors, Audit Committee

Chapter 6 Supplementary Provisions

Article 3-1: (Shareholders' right to proposal)

Article 3-2: Principles determining the time and place of a shareholders' meeting

Article 8: (Voting on proposal, vote monitoring and vote counting)

Article 13-6: (Handling of digital divide)

AbonMax Co., Ltd.

AbonMax Co., Ltd.

Shareholding of All Directors

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PWT Proxy Solicitation & Information Statement 2026