RECTRON - Interim / Quarterly Report 2025

Stock Code：2302

Rectron Ltd. AND SUBSIDIARIES

Consolidated Financial Statements

With Independent Auditors’ Review Report For the Three Months Ended March 31, 2025 and 2024

Address: No. 71, Zhongshan Rd., Tucheng Dist., New Taipei City, Taiwan Telephone: 886-2-28801122

The independent auditors’ review report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors’ review report and consolidated financial statements, the Chinese version shall prevail.

Contents 1.Cover Page 2.Table of Contents 3.Independent Auditors’ Review Report 4.Consolidated Balance Sheets 5.Consolidated Statement of Comprehensive Income 6.Consolidated Statement of Changes in Equity 7.Consolidated Statement of Cash Flows 8.Notes to the Consolidated Financial Statements (1) Company history (2) Approval date and procedures of the consolidated financial statements (3) New standards, amendments and interpretations adopted (4) Summary of significant accounting policies (5) Significant accounting assumptions and judgments, and major sources of estimation uncertainty (6) Explanation of significant accounts (7) Related-party transactions (8) Assets pledged as security (9) Commitments and contingencies (10) Losses due to major disasters (11) Subsequent events (12) Other (13) Other disclosures  Information on significant transactions  Information on investees  Information on investment in Mainland China (14) Segment information	Page
	1 2 3 4 5 6 7 8 8 8~10 10~11 11 11~30 30~32 32 32 32 32 33 33~35 35 35 36

Contents
1.Cover Page
2.Table of Contents
3.Independent Auditors’ Review Report
4.Consolidated Balance Sheets
5.Consolidated Statement of Comprehensive Income
6.Consolidated Statement of Changes in Equity
7.Consolidated Statement of Cash Flows
8.Notes to the Consolidated Financial Statements
(1) Company history
(2) Approval date and procedures of the consolidated financial statements
(3) New standards, amendments and interpretations adopted
(4) Summary of significant accounting policies
(5) Significant accounting assumptions and judgments, and major sources of
estimation uncertainty
(6) Explanation of significant accounts
(7) Related-party transactions
(8) Assets pledged as security
(9) Commitments and contingencies
(10) Losses due to major disasters
(11) Subsequent events
(12) Other
(13) Other disclosures
 Information on significant transactions
 Information on investees
 Information on investment in Mainland China
(14) Segment information

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Independent Auditors’ Review Report

To the Board of Directors of RECTRON LTD. Company ：

Introduction

We have reviewed the accompanying consolidated balance sheets of the RECTRON LTD. Company and its subsidiaries as of March 31, 2025 and 2024, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the three months ended March 31, 2025 and 2024, and notes to the consolidated financial statements, including a summary of significant accounting policies. 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 International Accounting Standard 34, “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

Scope of Review

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

Basis for Qualified Conclusion

As stated in Note 4(b), the consolidated financial statements included the financial statements of certain non-significant subsidiaries, which were not reviewed by independent auditors. These financial statements reflect total assets amounting to $346,758 thousand and $238,053 thousand, constituting 13% and 10% of consolidated total assets as of March 31, 2025 and 2024, respectively, total liabilities amounting to $15,882 thousand and $8,961 thousand, constituting 2% and 1% of consolidated total liabilities as of March 31, 2025 and 2024, respectively, and total comprehensive income (loss) amounting to $(52,660) thousand and $2,229 thousand, constituting 813% and 8% of consolidated total comprehensive income (loss) for the three months ended March 31, 2025 and 2024, respectively.

Qualified Conclusion

Except for the adjustments, if any, as might have been determined to be necessary had the financial statements of certain consolidated subsidiaries and equity accounted investee companies described in the Basis for Qualified Conclusion paragraph above been reviewed by independent auditors, based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the RECTRON LTD. Company and its subsidiaries as of March 31, 2025 and 2024, and of its consolidated financial performance and its consolidated cash flows for the three months ended March 31, 2025 and 2024 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China

3-1

Other Matters

We did not review the financial statements of certain consolidated subsidiaries, with total assets of $40,488 thousand and $21,639 thousand, representing 2% and 1% of the related consolidated total assets as of March 31, 2025 and 2024, and net sales of $525 thousand and $707 thousand, representing 0% and 0% of the related consolidated total net sales for the three months ended March 31, 2025 and 2024, respectively. Those financial statements were reviewed by other auditors whose reports have been furnished to us, and our review, insofar as it relates to the amounts included for certain consolidated subsidiaries, are based solely on the reports of the other auditors.

The engagement partners on the reviews resulting in this independent auditors’ review report are Shih-Chin Chih and Hsin-Ting Huang.

KPMG

Taipei, Taiwan (Republic of China) May 14, 2025

Notes to Readers

The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance and its cash flows in accordance with the accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to review such consolidated financial statements are those generally accepted and applied in the Republic of China.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese.) Reviewed only, not audited in accordance with Standards on Auditing as of March 31, 2025 and 2024 Rectron LTD. and Subsidiaries

Consolidated Balance Sheets

March 31, 2025, December 31 and March 31, 2024 (Expressed in Thousands of New Taiwan Dollar)

	March 31, 2025 Amount % $ 488,865 18 184,178 7 1,136 - 129,899 5 20,555 1 483 - 138,971 5 9,467 - 5,099 - 978,653 36 56,606 2 636,216 24 15,365 1 954,501 37 2,172 - 1,664,860 64 2,643,513 100	December 31, 2024
$	Amount $ 488,865 184,178 1,136 129,899 20,555 483 138,971 9,467 5,099 978,653 56,606 636,216 15,365 954,501 2,172 1,664,860 2,643,513	Amount % 564,394 21 132,575 5 793 - 140,210 5 4,218 - 439 - 126,046 5 6,849 - 4,201 - 979,725 36 55,867 2 635,790 24 16,060 1 955,984 37 2,357 `-` 1,666,058 64 2,645,783 100

			$

See accompanying notes to financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese.)

Reviewed only, not audited in accordance with Standards on Auditing Rectron LTD. and Subsidiaries

Consolidated Statement of Comprehensive Income

For the three months ended March 31, 2025 and 2024 (Expressed in Thousands of New Taiwan Dollar, except for Earnings per Common Share)

For the three months ended March 31

4000 Operating revenue(notes 6(n) and 7) $ 5000 Operating costs (notes 6(d) and 6(j)) Gross profit from operations Operating expenses (notes 6(c)`、`6(j)`、`6(o) and 12): 6100 Selling expenses 6200 Administrative expenses 6300 Research and development expenses Total operating expenses Net operating income Non-operating income and expenses(notes 6(p) and 7): 7010 Other income 7020 Other gains and losses 7050 Finance costs 7950 Total non-operating income and expenses Profit before tax Total tax expense (note 6(k)) Profit 8300 Other comprehensive income (loss): 8310 Components of other comprehensive income that will not be reclassified to profit or loss: 8316 Unrealized gains (losses) from investments in equity instruments measured at fair value through other comprehensive income 8349 Income tax related to components of other comprehensive income that will not be reclassified to profit or loss Components of other comprehensive income that will not be reclassified to profit or loss 8360 Components of other comprehensive income (loss) that will be reclassified to profit or loss: Components of other comprehensive income that will be reclassified to profit or loss: 8361 Exchange differences on translation 8367 Unrealized gains (losses) from investments in debt instruments measured at fair value through other comprehensive income )8399 Income tax related to components of other comprehensive income that will be reclassified to profit or loss (note 6(p)) Total components of other comprehensive income that will be reclassified to profit or loss 8300 Other comprehensive income, net 8500 Comprehensive income $ Profit, attributable to: 8610 Profit, attributable to owners of parent $ Comprehensive income attributable to: 8710 Comprehensive income, attributable to owners of parent $ Earnings per common share (expressed in dollars) (note 6(m)) 9750 Basic earnings per share $ 9810 Diluted earnings per share $		2025 % 193,476 100 118,826 61 75,190 39 15,252 8 29,287 15 1,710 1 46,249 24 28,941 15 4,450 2 (40,897) (21) (48) - (36,495) (19) (7,554) (4) - - (7,554) (4) (162) - - - (162) - 790 - 451 - - - 1,241 - 1,079 - (6,475) (4) (7,554) (4) (6,475) (4) (0.05)				2024 % 147,257 100 92,137 63 55,120 37 9,756 7 33,550 23 1,531 1 44,837 31 10,280 6 2,819 2 9,808 7 (84) - 12,543 9 22,826 15 4,565 3 18,261 12 1,046 1 - - 1,046 1 10,105 7 (1,338) (1) - - 8,967 6 10,013 7 28,274 19 18,261 12 28,274 19 0.11 0.11	% 100 63 37 7 23 1 31 6 2 7 - 9 15 3 12 1 - 1











							7 (1) - 6 7 19


							12

See accompanying notes to financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese.)

Reviewed only, not audited in accordance with Standards on Auditing Rectron LTD. and Subsidiaries

Consolidated Statement of Changes in Equity

For the three months ended March 31, 2025 and 2024 (Expressed in Thousands of New Taiwan Dollar)

				Attributable to owners ofparent	Attributable to owners ofparent	Attributable to owners ofparent	Total	Total equity
	Ordinary share	Capital surplus		Retained earnings	Total	Other equity
			Legal reserve	Special reserve		Exchange differences on translation of foreign financial statements Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income (83,104) (4,039) - - 10,105 (92) 10,105 (92) - - (72,999) (4,131) (98,256) (5,040) - - 790 289 790 289 - - (97,466) (4,751)
$1,663,029 - - - - $ 1,663,029 $ 1,663,029 - - - - $ 1,663,029		9 - - - - 9 9 - - - - 9	51,988 - - - - 51,988 60,655 - - - - 60,655	60,074 - - - - 60,074 87,143 - - - - 87,143	87,640 18,261 - 18,261 (51,554) 54,347 126,496 (7,554) - (7,554) (96,456) 22,486	(83,104) - 10,105 10,105 - (72,999) (98,256) - 790 790 - (97,466)	(87,143) - 10,013 10,013 - (77,130) (103,296) - 1,079 1,079 - (102,217)	1,775,597 18,261 10,013 28,274 (51,554) 1,752,317 1,834,036 (7,554) 1,079 (6,475) (96,456) 1,731,105


$

See accompanying notes to financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese.)

Reviewed only, not audited in accordance with Standards on Auditing

Rectron LTD. and Subsidiaries

Consolidated Statement of Cash Flows

For the three months ended March 31, 2025 and 2024 (Expressed in Thousands of New Taiwan Dollars)

For	the three months ended March 31,	the three months ended March 31,
	2025	2024
$	(7,554) 12,707 196 (983) 48 (4,426) (24) 46,593 (533) - 53,578 (343) 11,294 (14,834) (12,925) (2,618) (898) (20,324) 122 5,032 (9,852) 1,477 (299) (28) (3,548) (23,872) 29,706 22,152 2,923 24 (48) (1,441) 23,610 (98,196) - (183,155) (11) 182,521 (98,841) (819) (819) 521 (75,529) 564,394 488,865	22,826 12,211 760 (737) 84 (2,755) (64) (5,234) (1,296) 1315
		4,284
$		(50) (20,203) (130) 3,434 (2,324) 278
		(18,995)
		(36) 3,484 (6,705) 7,825 - (378)
		4,190
		(14,805)
		(10,521)
		12,305 2,779 64 (105) (65)
		14,978
		(9,089) 16,286 (4,672) (216) -
		2,849
		10,000 (15,000) (551)
		(5,551)
		5,206 17,482 561,703
		579,185

See accompanying notes to financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese.)

REVIEWED ONLY, NOT AUDITED IN ACCORDANCE WITH THE Standards on Auditing AS OF MARCH 31, 2025 AND 2024

Rectron Ltd. and Subsidiaries

Notes to Consolidated Financial Statements

March 31, 2025 and 2024

(Expressed in Thousands of New Taiwan Dollar, except for Earnings per Share Information and Unless Otherwise Specified)

1. Company history

Rectron Ltd. (the “Company”) was established and approved by the Ministry of Economic Affairs on January 23, 1976. The registered address is No. 71, Zhongshan Road, Tucheng District, New Taipei City. The Company was originally named "Rectron Precision Electronics Industry Co., Ltd." and changed its name to "Rectron Ltd." on June 29, 2000, as resolved by the shareholders' meeting and approved by the Ministry of Economic Affairs.

The Company and its subsidiaries (together referred to as the “Group”) main business operations include the manufacture and sale of various rectifiers, other semiconductor components, rental and sale of real estate, trading of wines, and manufacture and sale of medical equipment.

2. Approval date and procedures of the consolidated financial statements

The consolidated financial statements for the three months ended March 31, 2025 and 2024 were authorized for issuance by the board of directors on May 14, 2025.

3. New standards and interpretations not yet adopted

(a) The impact of the International Financial Reporting Standards (“IFRSs”) endorsed by the Financial Supervisory Commission, R.O.C. which have already been adopted.
The Group has initially adopted the (following) new amendments, which do not have a significant impact on its consolidated financial statements, from January 1, 2025.
Amendments to IAS21“Lack of Exchangeability”
(b) The impact of IFRS Accounting Standards endorsed by the FSC but not yet effective The Group has initially adopted the (following) new amendments, which do not have a significant impact on its consolidated financial statements, from January 1, 2025.
Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of

Financial Instruments” regarding the application guidance requirements for Section 4.1 of IFRS 9

and the related disclosure requirements of IFRS 7.

The following new and amended standards, which may be relevant to the Group, have been issued

by the International Accounting Standards Board (IASB), but have yet to be endorsed by the FSC:

(Continued)

	9
Standards or Interpretations IFRS 18 “Presentation and Disclosure in Financial Statements”	Content of amendment Effective date per IASB
	The new standard introduces three categories of income and expenses, two income statement subtotals and one single note on management performance measures. The three amendments, combined with enhanced guidance on how to disaggregate information, set the stage for better and more consistent information for users, and will affect all the entities.  A more structured income statement: under current standards, companies use different formats to present their results, making it difficult for investors to compare financial performance across companies. The new standard promotes a more structured income statement, introducing a newly defined ‘operating profit’ subtotal and a requirement for all income and expenses to be allocated between three new distinct categories based on a company’s main business activities.  Management performance measures (MPMs): the new standard introduces a definition for management performance measures, and requires companies to explain in a single note to the financial statements why the measure provides useful information, how it is calculated and reconcile it to an amount determined under IFRS Accounting Standards.  Greater disaggregation of information: the new standard includes enhanced guidance on how companies group information in the financial statements. This includes guidance on whether information is included in the primary financial statements or is further disaggregated in the notes. January 1, 2027

Standards
or
Interpretations
IFRS 18
“Presentation
and Disclosure
in Financial
Statements”

Content of amendment
Effective date
per IASB

The new standard introduces three categories of income and
expenses, two income statement subtotals and one single
note on management performance measures. The three
amendments, combined with enhanced guidance on how to
disaggregate information, set the stage for better and more
consistent information for users, and will affect all the
entities.

A more structured income statement: under current
standards, companies use different formats to present
their results, making it difficult for investors to
compare financial performance across companies. The
new standard promotes a more structured income
statement, introducing a newly defined ‘operating
profit’ subtotal and a requirement for all income and
expenses to be allocated between three new distinct
categories based on a company’s main business
activities.

Management performance measures (MPMs): the new
standard introduces a definition for management
performance measures, and requires companies to
explain in a single note to the financial statements
why the measure provides useful information, how it
is calculated and reconcile it to an amount determined
under IFRS Accounting Standards.

Greater disaggregation of information: the new
standard includes enhanced guidance on how
companies group information in the financial
statements. This includes guidance on whether
information is included in the primary financial
statements or is further disaggregated in the notes.
January 1, 2027

The Group is evaluating the impact on its consolidated financial position and consolidated financial performance upon the initial adoption of the abovementioned standards or interpretations. The results thereof will be disclosed when the Group completes its evaluation.

The Group does not expect the following other new and amended standards, which have yet to be endorsed by the FSC, to have a significant impact on its consolidated financial statements:

Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets Between an Investor and Its Associate or Joint Venture”
IFRS 17 “Insurance Contracts” and amendments to IFRS 17 “ Insurance Contracts”
IFRS 19 “Subsidiaries without Public Accountability: Disclosures”
Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments” regarding the application guidance requirements for Sections 3.1 and 3.3 of IFRS 9 and the related disclosure requirements of IFRS 7.
Annual Improvements to IFRS Accounting Standards—Volume 11

(Continued)

Amendments to IFRS 9 and IFRS 7 “Contracts Referencing Nature-dependent Electricity”

4. Summary of significant accounting policies

(1) Statement of compliance

These consolidated financial statements have been prepared in accordance with the preparation and guidelines of IAS 34 “Interim Financial Reporting” which are endorsed and issued into effect by FSC, and do not include all of the information required by the Regulations and International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations and SIC Interpretations endorsed and issued into effect by the FSC (hereinafter referred to IFRS endorsed by the FSC) for a complete set of the annual consolidated financial statements.

Except the following accounting policies mentioned below, the significant accounting policies adopted in the consolidated financial statements are the same as those in the consolidated financial statement for the year ended December 31, 2024. For the related information, please refer to note 4 of the consolidated financial statements for the year ended December 31, 2024.

(2) Basis of consolidation

(a) List of subsidiaries in the consolidated financial statements:

Name of
Name of
investor
subsidiary
Principal activity
The
Company
Rectron
(China)
Limited
(Rectron
China)
Sales of rectifiers, etc.
Electronic components
The
Company
RECTRON
ELECTRONIC
ENTERPRISE
S,INC (REEI)
Sales of rectifiers, etc.
Electronic components
The
Company
CHU-TING
ENTERPRISE
CO., LTD.
(Chu-Ting)
Wholesale of tobacco and
alcohol products and
manufacturing and sales of
medical equipment.
Rectron
(China)
Limited
Zhejiang
Rectron
Electronic
Co.,LTD.
(Zhejiang
Rectron)
Manufacturing and sales of
rectifiers and other
electronic components.

Shareholding
March 31,
2025
December
31, 2024
March 31,
2024
Description
100%
100%
100%
Subsidiaries with direct
ownership of voting rights
exceeding 50% of the
total shares issued.
100%
100%
100%
Subsidiaries with direct
ownership of voting rights
exceeding 50% of the
total shares issued.(Note)
100%
100%
100%
Subsidiaries with direct
ownership of voting rights
exceeding 50% of the
total shares issued. (Note)

100%
100%
100%
Subsidiaries with indirect
ownership of voting rights
exceeding 50% of the
total shares issued.

Note : It is an insignificant subsidiary that the financial statements have not been reviewed.

(b) List of subsidiaries which are not included in the consolidated financial statements: None.

(3) Income taxes

The income tax expenses have been prepared and disclosed in accordance with paragraph B12 of International Financial Reporting Standards 34, Interim Reporting.

Income tax expenses for the period are best estimated by multiplying pre-tax income for the interim reporting period using the effective annual tax rate as forecasted by the management. This should be recognized fully as tax expense for the current period (and allocated to current and deferred taxes based on its proportionate size).

For a change in tax rate that is substantively enacted in an interim period, the effect of the change should immediately be recognized in the interim period in which the change occurs.

(Continued)

Temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their respective tax bases shall be measured based on the tax rates that have been enacted or substantively enacted at the time of the asset or liability is recovered or settled, and be recognized directly in equity or other comprehensive income as tax expense.

(4) Employee benefits

The pension cost in the interim period was calculated and disclosed on a year-to-date basis by using the actuarially determined pension cost rate at the end of the prior fiscal year.

5. Significant accounting assumptions and judgments, and major sources of estimation uncertainty

The preparation of the consolidated financial statements in conformity with the Regulations and IFRSs (in accordance with IAS 34 “Interim Financial Reporting” and endorsed by the FSC) requires management to make judgments, estimates and assumptions that affect the application of the accounting policies and the reported amount of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Except for the following, the preparation of the consolidated interim financial statements, estimates and underlying assumptions are reviewed on an ongoing basis which are in conformity with the consolidated financial statements for the year ended December 31, 2024. For related information, please refer to note 5 of the consolidated financial statements for the year ended December 31, 2024.

6. Explanation of significant accounts

Except for the following disclosures, there were no material differences in the disclosures of significant accounts between the interim consolidated financial statements for the current period and the 2024 consolidated financial statements. Please refer to note 6 to the 2024 annual consolidated financial statements.

(a) Cash and cash equivalents

Cash on hand and petty cash Cash in banks Time deposits Cash and cash equivalents in the consolidated statement of cash flows	March 31, 2025	December 31, 2024	March 31, 2024
	$ 182 259,568 229,115	311 564,083 -	271 553,314 25,600
	$ 488,865	564,394	579,185

Please refer to Note 6(q) for the fair value sensitivity analysis and interest rate risk of the financial assets and liabilities.

(Continued)

(b) Financial assets

Current financial assets at fair value through profit or loss

March 31, 2025 December 31, 2024 March 31, 2024 Financial assets designation as measured at fair value through profit or loss Shares of stock of overseas listed companies - LMT $ - - 14,617 Shares of stock of overseas listed companies - TESLA 131,446 68,186 - Shares of stock of overseas listed companies - NVDA 52,002 63,619 - Assets mandatorily measured at fair value through profit or loss: Beneficiary certificates 730 770 835 Total $ 184,178 132,575 15,452 2. Non-current financial assets at fair value through other comprehensive income March 31, 2025 December 31, 2024 March 31, 2024 Debt investments at fair value through other comprehensive income Corporate bonds – Apple $ 26,123 25,602 25,846 Corporate bonds – AT&T 9,420 9,151 9,426 Corporate bonds – Pfizer 4,040 3,929 4,157 Corporate bonds – SocGen - - 3,252 Equity investments at fair value through other comprehensive income Shares of stock of unlisted companies 17,023 17,185 16,592 Total $ 56,060 55,867 59,273	March 31, 2025 December 31, 2024 March 31, 2024 Financial assets designation as measured at fair value through profit or loss Shares of stock of overseas listed companies - LMT $ - - 14,617 Shares of stock of overseas listed companies - TESLA 131,446 68,186 - Shares of stock of overseas listed companies - NVDA 52,002 63,619 - Assets mandatorily measured at fair value through profit or loss: Beneficiary certificates 730 770 835 Total $ 184,178 132,575 15,452 2. Non-current financial assets at fair value through other comprehensive income March 31, 2025 December 31, 2024 March 31, 2024 Debt investments at fair value through other comprehensive income Corporate bonds – Apple $ 26,123 25,602 25,846 Corporate bonds – AT&T 9,420 9,151 9,426 Corporate bonds – Pfizer 4,040 3,929 4,157 Corporate bonds – SocGen - - 3,252 Equity investments at fair value through other comprehensive income Shares of stock of unlisted companies 17,023 17,185 16,592 Total $ 56,060 55,867 59,273	March 31, 2025 December 31, 2024 March 31, 2024 Financial assets designation as measured at fair value through profit or loss Shares of stock of overseas listed companies - LMT $ - - 14,617 Shares of stock of overseas listed companies - TESLA 131,446 68,186 - Shares of stock of overseas listed companies - NVDA 52,002 63,619 - Assets mandatorily measured at fair value through profit or loss: Beneficiary certificates 730 770 835 Total $ 184,178 132,575 15,452 2. Non-current financial assets at fair value through other comprehensive income March 31, 2025 December 31, 2024 March 31, 2024 Debt investments at fair value through other comprehensive income Corporate bonds – Apple $ 26,123 25,602 25,846 Corporate bonds – AT&T 9,420 9,151 9,426 Corporate bonds – Pfizer 4,040 3,929 4,157 Corporate bonds – SocGen - - 3,252 Equity investments at fair value through other comprehensive income Shares of stock of unlisted companies 17,023 17,185 16,592 Total $ 56,060 55,867 59,273

		59,273

(1) Debt investments at fair value through other comprehensive income

The Company consolidated investments in bonds measured at fair value through other comprehensive income in the financial statements as of March 31, 2025 December 31, 2024 and March 31, 2024. The effective interest rates range respectively from 2.00% to 4.01%, 2.00% to 4.01%, and 2.00% to 4.90%, and the maturity dates range from 2036 to 2045. The Company holds bond investments through the business model of collecting contractual cash

(Continued)

flows and selling financial assets, and therefore reports them as financial assets measured at fair value through other comprehensive income.

(2) Equity investments at fair value through other comprehensive income
The Group designated the investments shown above as equity securities at fair value through other comprehensive income because these equity securities represent those investments that the Group intends to hold for the long term for strategic purposes.
(3) For credit risk (including the impairment of debt investments) and market risk; please refer to note 6(q).
(4) As of March 31, 2025, December 31, 2024 and March 31, 2024, the Group’s financial assets were not pledged as collateral.

(c) Trade receivables and notes receivable

March 31, 2025 Notes receivable from operating activities$ 1,136 Trade receivables 152,195 Trade receivables–Non-current 48,227 Less: Loss allowance (70,523) $ 131,035	December 31, 2024 793 163,249 48,227 (71,266) 141,003	March 31, 2024 467 135,914 48,227 (72,827) 111,781

The Group applies the simplified approach to provide for its expected credit losses, i.e. the use of lifetime expected loss provision for all receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due, as well as incorporated forward looking information, including macroeconomic and relevant industry information. The loss allowance provision were determined as follows:

	March 31, 2025
Gross carrying amount $ 114,574 16,654 70,330 $ 201,558	Weighted-average loss rate 0.05%~1.88% 0.05%~9.13% 0%~100%	Loss allowance provision
		- 219 70,304
		70,523

	December 31, 2024
Gross carrying amount $ 112,799 27,234 72,236 $ 212,269	Weighted-average loss rate 0.05%~1.97% 0.05%~5.39% 0%~100%	Loss allowance provision
		- - 71,266
		71,266

(Continued)

Current Within 180 days past due. More than 180 days past due		March 31, 2024	Loss allowance provision 32 103 72,692 72,827
	Gross carrying amount $ 94,880 17,022 72,706	Weighted- average loss rate 0.05%~1.88% 0.05%~9.13% 0%~100%
	$ 184,608

The movements in the allowance for trade receivables and notes receivable were as follows:

For	the three months ended March 31	the three months ended March 31
	2025 71,266 - (983) 240 70,523	2024 72,605 11 (748) 959 72,827
$
$

As of March 31, 2025, December 31, 2024 and March 31, 2024, the Group’s the aforementioned

trade receivables and notes receivable were not pledged as collateral.

(d) Inventories

March 31, 2025	December 31, 2024	March 31, 2024
25,984 12,848 78,016 33,806 5,054 155,708 (16,737)	511 8,774 27,877 28,507 1,735 142,404 (16,358)	25,638 19,313 72,785 27,474 4,116
		149,326 (17,182)
138,971	126,046	132,144

As of March 31, 2025, January 1to 2024 and March 31, 2024, the details of the cost of sales were as follows:

Inventory that has been sold Write-down of inventories (Reversal of write-downs) The impact of actual production capacity being lower than normal capacity.		For the three months	For the three months	ended March 31, 2024 85,873 759 3,722 90,354


		$ 116,504

As of March 31, 2025, December 31, 2024 and March 31, 2024, the Group’s the aforementioned trade receivables and notes receivable were not pledged as collateral.

(Continued)

(e) Property, plant and equipment

The cost and accumulated depreciation of the property, plant and equipment of the Group for the three months ended March 31, 2025 and 2024 were as follows:

Cost: Balance at January 1, 2025 Additions Reclassification Reduction Effect of movement in exchange rates Balance at March 31, 2025 Balance at January 1, 2024 Additions Reclassification (Effect of movement in exchange rates Balance at March 31, 2024 Accumulated depreciation: Balance at January 1, 2025 Depreciation Reduction Effect of movement in exchange rates Balance as of March 31, 2025 Balance as of January 1, 2024 Depreciation Effect of movement in exchange rates Balance at March 31, 2024 Carrying value: Balance at January 1, 2025 Balance at March 31, 2025 Balance at January 1, 2024 Balance at March 31, 2024		Land 181,394 - - 181,394 181,394 - - 181,394 - - - - - - - - 181,394 181,394 181,394 181,394	Buildings and structures 254,947 - 2,926 257,873 248,881 - 3,478 252,359 149,482 2,585 1,898 153,965 135,743 2,529 2,089 140,361 105,465 103,908 113,138 111,998	Machinery and equipment 698,340 1,720 2,770 7,405 710,235 677,096 1,318 9,178 687,592 576,196 5,979 6,447 588,622 531,955 5,858 7,778 545,591 122,144 121,613 145,141 142,001	Office equipment 59,827 57 - (114) 292 60,062 56,394 887 1,806 424 59,511 54,370 739 (114) 279 55,274 50,817 669 372 51,858 5,457 4,788 5,577 7,653		Construction in progress 221,330 2,133 (2,770 3,820 224,513 13,337 2,467 (3,121) 77 12,760 - - - - - - - - 221,330 224,513 13,337 12,760	Total
	$ $ $ $ $ $ $ $ $ $ $ $							1,415,838 3,910 - (114) 14,443 1,434,077 1,177,102 4,672 (1,315) 13,157 1,193,616 780,048 9,303 (114) 8,624 797,861 718,515 9,056 10,239 737,810 635,790 636,216 458,587 455,806

As of March 31, 2025, December 31, 2024 and March 31, 2024, the Property, plant and equipment of the Group had been pledged as collateral for long-term borrowings; please refer to note 8.

For the details regarding the subsidiary Zhejiang Rectron housing and construction relocation agreement with Jiashan Economic Development Zone Asset Management Co., Ltd., please refer to Note 9(b).

(Continued)

(f) Right-of-use assets

The Group leases many assets including land and buildings, vehicles, and other equipment.

Information about leases for which the Group is a lessee is presented below:

Cost: Balance at January 1, 2025 Effect of movement in exchange rates Balance at March 31, 2025 Balance at January 1, 2024 Effect of movement in exchange rates Balance at March 31, 2024 Accumulated depreciation and impairment losses: Balance at January 1, 2025 Depreciation for the year Effect of movement in exchange rates Balance at March 31, 2025 Balance at January 1, 2024 Depreciation for the year Effect of movement in exchange rates Balance at March 31, 2024 Carrying amount: Balance at January 1, 2025 Balance at March 31, 2025 Balance at January 1, 2024 Balance at March 31, 2024		Land $ 10,276 188 $ 10,464 $ 9,906 224 $ 10,130 $ 1,891 79 35 $ 2,005 $ 1,520 77 35 $ 1,632 $ 8,385 $ 8,459 $ 8,386 $ 8,498		Buildings 13.716 168 13,884 12,826 533 13,359 8,474 598 111 9,183 5,724 561 251 6,536 5,242 4,701 7,102 6,823	Machinery and equipment 2514 - 2,514 - - - 280 210 - 490 - - - - 2,234 2,024 - -	Machinery and equipment 2514 - 2,514 - - - 280 210 - 490 - - - - 2,234 2,024 - -		Other equipment 343 - 343 343 - 343 144 18 - 162 72 18 - 90 199 181 271 253		Total
										26,849 356
										27,205
										23,075 757
										23,832
										10,789 905 146
										11,840
										7,316 656 286
										8,258
										16,060 15,365 15,759 15,574

For the details regarding the subsidiary Zhejiang Rectron right-of-use assets land relocation agreement with Jiashan Economic Development Zone Asset Management Co., Ltd., please refer to Note 9(b).

(Continued)

(g) Investment property

Land and

Cost: Balance at January 1, 2025 Effect of movement in exchange rates Balance at March 31, 2025 Balance at January 1, 2024 Effect of movement in exchange rates Balance at March 31, 2024 Accumulated depreciation and impairment losses: Balance at January 1, 2025 Depreciation for the year Effect of movement in exchange rates Balance at March 31, 2025 Balance at January 1, 2024 Depreciation for the year Effect of movement in exchange rates Balance at March 31, 2024 Carrying amount: Balance at January 1, 2025 Balance at March 31, 2025 Balance at January 1, 2024 Balance at March 31, 2024	improvements $ 663,510 - $ 663,510 $ 663,510 - $ 663,510 $ - - - $ - $ - - - $ - $ 663,510 $ 663,510 $ 663,510 $ 663,510	Buildings 377,011 1,590 378,601 373,879 1,891 375,770 84,537 2,499 574 87,610 73,500 2,499 574 76,573 292,474 290,991 300,379 299,197	Total
			1,040,521 1,891
			1,042,111
			1,037,389 1,891
			1,039,280
			84,537 2,499 574
			87,610
			73,500 2,499 574
			76,573
			955,984 954,501 963,889 962,707

Investment properties are self-owned assets held by the Consolidated Companies. The lease term for investment properties ranges from 1 to 6 years, and it is non-cancellable. Due to the need for organic renewal and industrial transformation and upgrading in the Jiashan Economic and Technological Development Industrial Park, where the subsidiary Zhejiang Rectron is located, Zhejiang Rectron agreed to vacate the premises with Jiashan Economic Development Zone Asset Management Co., Ltd. on September 22, 2024. Therefore, the lease contract was terminated at the end of August 2024. Please refer to Note 9(b) for details.
Due to the restriction in the law at that time, private entities were not allowed to acquire agricultural land. Therefore, the Consolidated Companies appointed Mr. Lin Wen-Teng, one of the directors, to register the real estate investment under his personal name. To ensure the preservation of the Consolidated Companies' assets, the property has been pledged back to the Consolidated Companies.
The fair value of investment property was not significantly different from those disclosed in Note 6(g) of the annual consolidated financial statements for the year ended December 31, 2024.

(Continued)

As of March 31, 2025, December 31, 2024 and March 31, 2024, the Property, plant and equipment of the Group had been pledged as collateral for long-term borrowings; please refer to note 8.

(h) Short-term borrowings

March 31, 2025	December 31, 2024	March 31, 2024
$ -	-	10,000
$ 420,000	420,000	390,000
-	1.90%~2.01%	1.90%~2.01%

For the collateral for short-term borrowings, please refer to note 8.

(i)Operating Lease

There were no significant changes in operating lease for the three months ended March 31, 2025 and 2024. Please refer to Note 6(i) of the consolidated financial statements for the year ended December 31, 2024 for other related information.

(j)Provisions

1. Defined benefit plans

Management believes that there was no material volatility of the market, no material reimbursement and settlement or no other material onetime events since prior fiscal year. As a result, the pension cost in the accompanying interim period was measured and disclosed according to the actuarial report as of December 31, 2024 and 2022.

The expenses recognized in profit or loss for the Group are as follows:

Operating cost Administration expenses Total	For the Three Months Ended March31	For the Three Months Ended March31
	2025 $ - - $ -	2024 2 5 7

2. Defined contribution plans

The Group’s employee benefits retirement expenses respectively.

Operating cost Selling expenses Administration expenses Research and development expenses Total	For the Three Months Ended March31	For the Three Months Ended March31
	2025 $ 118 66 219 - $ 403	2024 134 45 195 11 385

The detailed breakdown of retirement benefit expenses recognized by foreign subsidiaries in accordance with relevant local regulations is as follows:

Administration expenses	For the Three Months Ended March31
	2025 2024 $ 926 1,026

(Continued)

(k) Income tax

The components of income tax for the three months ended March 31, 2025 and 2024 were as follows:

Current tax expenses		For the three months ended March 31,	For the three months ended March 31,	For the three months ended March 31,
		2025 $ -		2024
				4,565

(1) Company’s income tax return for the year 2023 and been examined by the tax authorities.
(2) The domestic subsidiaries of the Company have filed and settled their corporate income tax returns with the tax authorities up to the fiscal year 2023 as approved.

(l)Capital and other equity

Except for the following disclosure, there was no significant change in capital and other equity for the periods from January 1 to March 31, 2025 and 2024. For the related information, please refer to note 6(l) to the consolidated financial statements for the year ended December 31, 2024.

Retained earnings

If the Company has surplus in the annual final accounts, it shall pay taxes and donations in accordance with the law, offset cumulative losses, and then appropriate 10% as statutory surplus reserve. However, when the statutory surplus reserve has reached the Company's paidin capital, no further appropriation is required. The remaining surplus shall be appropriated or reversed as required by laws and regulations, or transferred to the special surplus reserve. If there is still surplus, together with undistributed surplus at the beginning of the period, it will be classified as distributable surplus. The Board of Directors shall propose a surplus distribution plan for approval by the shareholders' meeting, and distribute dividends to the shareholders.

Taking into account financial, operational, and business factors, the Company may distribute dividends to shareholders, which shall not be less than 10% of the distributable surplus for the current fiscal year. However, if the accumulated distributable surplus is less than 3% of the paid-in capital, no distribution shall be made. Dividends may be distributed in the form of cash dividends or stock dividends. Cash dividends shall be given priority in the distribution of earnings, but stock dividends may also be distributed. The proportion of cash dividends shall not be less than 10% of the total dividend amount.

For the distribution of dividends to shareholders in the form of cash, the Board of Directors is authorized to carry out such distribution with the approval of two-thirds or more of the attending directors and a majority of the attending directors, and to report it to the shareholders' meeting.

(i) Legal reserve

When a company incurs profit, the shareholders shall decide on the distribution of the statutory earnings reserve either by issuing new shares or by paying cash of up to 25% of the actual share capital.

(ii) Special reserve

The Company chose to apply the exemption under IFRS 1 at its initial adoption of IFRSs. Any unrealized revaluation surplus, accumulated translation adjustment, and increasing amount incurred from adopting the fair value as cost for the assets classified as investment

(Continued)

property at the transition date. According to the Financial Supervisory Commission's Order No. 1010012865 issued on April 6, 2012, an equal amount shall be appropriated to the special surplus reserve. When using, disposing of, or reclassifying related assets, a proportionate reversal of the originally appropriated special surplus reserve may be distributed as earnings.

According to the regulations of the Financial Supervisory Commission, when the Company distributes distributable earnings, the difference between the net amount of reductions in other shareholders' equity items recorded in the current year and the balance of the special surplus reserve mentioned above shall be considered. When distributing earnings for the fiscal year 2024, the Company will allocate the current year's income and the undistributed earnings from previous periods to the special surplus reserve. When distributing earnings for the fiscal year 2025, the Company will allocate the current year's after-tax net profit, along with items other than the current year's after-tax net profit, to the undistributed earnings and the special surplus reserve from previous periods. The Company is not allowed to distribute the amounts related to reductions in other shareholders' equity from previous periods, except for the allocation to the special surplus reserve. In the event of reversals in the amounts of reductions in other shareholders' equity in the future, earnings may be distributed based on the reversed portion. As of March 31, 2025, December 31, 2024, and March 31, 2024, the balance of the special surplus reserve is $87,143 thousand, $87,143 thousand, and $60,074 thousand, respectively.

(iii) Earnings distribution

On March 11, 2025, the Board of Directors resolved the cash dividend amount for the 2024 earnings distribution proposal. Other earnings distribution items will be discussed at the Annual General Meeting of Shareholders on May 29, 2025. Additionally, on March 15, 2024, the Board of Directors resolved the cash dividend amount for the 2022 earnings distribution proposal, with other earnings distribution items being approved at the Annual General Meeting of Shareholders on June 26, 2024. The dividends distributed to shareholders are as follows:

Cash dividends distributed to ordinary shareholders	2024 Amount per share Total amount $ 0.58 96,456	2024 Amount per share Total amount $ 0.58 96,456	2023	2023
	Amount per share $ 0.58		Amount per share 0.31	Total amount
		96,456		51,554

The dividends payable as of March 31, 2025 and 2024 amounted to $96,456 thousand and $51,554 thousand, respectively, and were recorded under other payables.

(Continued)

(iv) OCI accumulated in reserves

Balance at January 1, 2025 Exchange differences on foreign operations Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income Balance at March 31, 2025 Balance at January 1, 2024 Exchange differences on foreign operations Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income Balance at March 31, 2024	Exchange differences on translation of foreign financial statements $ (98,256) 790 - $ (97,466) $ (83,104) 10,105 $ (72,999)	Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income Total (5,040) (103,296) 790 289 289
		(4,751) (102,217)
		(4,039) (87,143) 10,105 (92) (92)
		(4,131) (77,130)

(m) Earnings (Loss) per share

For the three months ended March 31, 2025 and 2024, the Company’s earnings per share were calculated as follows:

Basic earnings (Loss) per share
(i) Profit (Loss) attributable to ordinary shareholders of the Company

Profit/(loss) of the Company for the year	For the three months ended March 31	For the three months ended March 31
	2025 $(7,554)	2024
		18,261

(ii) Weighted-average number of ordinary shares

Weighted-average number of ordinary shares(thousand shares) Earnings (Loss) per share	For the three months ended March 31	For the three months ended March 31
	2025 166,303 $(0.05)	2024
		166,303
		0.11

2. Diluted earnings (Loss) per share

The diluted earnings per share of the Group for the fiscal year 2025 and the period from January 1, 2024, to March 31, 2024, are calculated based on the net income attributable to the equity holders of the Company and the adjusted weighted average number of ordinary shares outstanding, considering the dilutive effects of all potential ordinary shares. The calculations are as follows:

(Continued)

(i) Profit (Loss) attributable to ordinary shareholders of the Company

Profit/(loss) attributable to ordinary shareholders of the Company (basic) ii) Weighted-average number of ordinary shares Weighted-average number of ordinary shares (thousand shares) (basic) Effect of employee share bonus Weighted-average number of ordinary shares (thousand shares) (diluted) Earnings (Loss) per share	For the three months ended March 31	For the three months ended March 31
	2025 2024 $ (7,554) 18,261 For the three months ended March 31
	2025 166,303 - 166,303 $ -	2024 166,303 64 166,367 0.11

(ii) Weighted-average number of ordinary shares

As of March 31, 2025, there was a loss and no potential ordinary shares; therefore, diluted earnings per share were not presented.

(n) Revenue from contracts with customers
i. Disaggregation of revenue

For the three months ended March 31, 2025

Electronics Division Primary geographical markets Asia $ 156,156 America 24,615 Europe 2,285 Others 270 $ 183,326 Major products/services lines Electronic Components Sales $ 183,326 Rental Income - Medical Equipment Sales - Wine Trading - $ 183,326	Property Management Division 5,646 - - - 5,646 - 5,646 - - 5,646	Medical Equipment Division 2,641 - - - 2,641 - - 2,641 - 2,641	Wine Trading Department 1,863 - - -	Total
				166,306 24,615 2,285 270
			1,863	193,476
			- - - 1,863 1,863	183,326 5,646 2,641 1,863
				193,476

(Continued)

For the three months ended March 31, 2024

Electronics Division Primary geographical markets Asia $ 114,563 America 22,117 Europe 1,302 Others 247 $ 138,229 Major products/services lines Electronic Components Sales $ 138,229 Rental Income - Medical Equipment Sales - Wine Trading - $ 138,229 ii. Contract balances	Property Management Division 5,436 - - - 5,436 - 5,436 - - 5,436	Medical Equipment Division 2,782 - - - 2,782 - - 2,782 - 2,782	Wine Trading Department 810 - - - 810 - - - 810 810	Total
				123,591 22,117 1,302 247
				147,257
				138,229 5,436 2,782 810
				147,257

Trade receivables and notes receivable Less: allowance for impairment Contract liabilities		March 31, 2025 $ 153,331 (22,296) $ 131,035 $ 160		December 31, 2024 164,042 (23,039)		March 31, 2024 136,381 (24,600)
				141,003		111,781
				38		32

For details on trade receivables and allowance for impairment, please refer to note 6(c).

(o) Remunerations to employees, directors and supervisors

The Company’ s Articles of Incorporation require that earnings shall first be offset against any deficit, then, a minimum of 1% will be distributed as employee remuneration, and a maximum of 2% will be allocated as remuneration to directors. Employees who are entitled to receive the above- mentioned employee remuneration, in share or cash, include the employees of the Company’s subsidiaries who meet certain specific requirements.

For the three months ended March 31, 2025 and 2024, remuneration of employees of $0 thousand and $240 thousand, respectively, and remuneration of directors of $0 thousand and $430 thousand, respectively, were estimated on the basis of the Company’s net profit before tax, excluding the remuneration of employees and directors of each period, multiplied by the percentage of remuneration of employees and directors as specified in the Company’s articles of incorporation. Such amounts were recognized as operating expenses for the three months ended March 31, 2025 and 2024, Management is expecting that the differences, if any, between the actual distributed

(Continued)

amounts and estimated amounts will be treated as changes in accounting estimates and will be charged to profit or loss. The number of shares to be distributed was calculated based on the closing price of the Company’s ordinary shares, one day prior to Board of Directors meeting.

The amounts of employee and directors/supervisors compensation for the year 2024 as resolved by the Board of Directors are consistent with the amounts estimated in the 2024 individual financial statements. The amount of employee compensation for the year 2023 as resolved by the Board of Directors is also consistent with the amount estimated in the 2023 individual financial statements. However, the amount of compensation for directors and supervisors as resolved by the Board of Directors differs by $600 thousand from the amount estimated in the 2023 individual financial statements. This difference primarily arises from accounting estimate differences made by the Company and has been recognized in the 2024 income statement. Relevant information can be found on the Market Observation Post System (MOPS).

(p) Non-operating income and expenses

Other income

Interest income Dividend income 2. Other gains and losses Foreign exchange gains Gains (losses) on financial assets at fair value through profit or loss Other 3. Finance costs Interest expense	For the three months ended March 31,	For the three months ended March 31,
	2025 2024 $ 4,426 2,755 24 64 $ 4,450 2,819 For the three months ended March 31,	2024
		2,755 64
		2,819
	2025 2024 $ 5,689 4,531 (46,593) 5,234 7 43 $(40,897) 9,808 For the three months ended March 31,	2024
		4,531 5,234 43
		9,808
	2025 $(48)	2024
		(84)

(q) Financial instruments

Credit risk
(i) Credit risk exposure

The carrying amount of financial assets and contract assets represents the maximum amount exposed to credit risk.

(ii) Concentration of credit risk

The Group has a broad customer base and does not engage in significant transactions with any single customer. Additionally, its sales are geographically diversified. Therefore, there is no significant concentration of credit risk.

(Continued)

(iii) Receivables and debt securities

For credit risk exposure of trade receivables and notes receivable, please refer to note 6(c). Other financial assets at amortized cost include other receivables. All of these financial assets are considered to have low risk, and thus, the impairment provision recognized during the period was limited to 12-month expected credit losses. The fixed deposits held by the group are transacted with and settled by financial institutions that have investmentgrade ratings or above. Therefore, they are considered to have low risk. The loss allowances were determined as follows:

Balance at January 1, 2025 Balance at March 31, 2025 Balance at January 1, 2024 Balance at March 31, 2024	Other receivables
	$ 36,992
	$ 36,992
	$ 36,992
	$ 36,992

2. Liquidity risk

The following table shows the contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements.

Carrying amount Contractual cash flows Within 6 months 6-	2 months	1-2 years	-5 years Over 5 years
263,264 263,264 263,227 7,141 7,336 1,760	37 1,775	- 3,048	- - 753 -
$ 270,405 270,600 264,987	1812	3,048	753
350,873 350,873 350,836 7,900 8,159 1,729 $ 358,773 359,032 352,565	37 1,760 1,797	- 3,334 3,334	- - 1,336 -
			1,336
$ 10,000 10,025 10,025 156,542 156,542 156,542 7,258 7,556 1,243 $ 173,800 174,123 167,810	- - 1,262 1,262	- - 4,670 4,670	- - - - 381 -
			381

The Group does not expect the cash flows included in the maturity analysis to occur significantly earlier or at significantly different amounts.

(Continued)

3. Market risk

(i) Currency risk

The Group’s significant exposure to foreign currency risk was as follows:

Financial assets Monetary items USD : NTD USD : CNY Non-monetary items USD Financial liabilities Monetary items USD : NTD USD : CNY	March 31, 2025	December 31, 2024

The Group’s exposure to foreign currency risk arises from the translation of the foreign currency exchange gains and losses on cash and cash equivalents, trade and other receivables, financial assets at fair value through other comprehensive income, and trade and other payables that are denominated in foreign currency.

A strengthening (weakening) of 0.5% of the NTD against the USD, and CNY as at three months of 2025 and 2024 would have increased (decreased) the net profit after tax by $1,156 thousand and $3,345 thousand, and the equity by $158 thousand and $171 thousand. The analysis is performed on the same basis.

Since the Group has many kinds of functional currency, the information on foreign exchange gain (loss) on monetary items is disclosed by total amount. For the three months ended March 31, 2025 and 2024, the foreign exchange gain (loss) (including realized and unrealized portions) amounted to $5,689 thousand and $4,531 thousand, respectively.

(ii) Interest rate analysis

Please refer to the notes on liquidity risk management and interest rate exposure of the Group's financial assets and liabilities.

The following sensitivity analysis is based on the exposure to the interest rate risk of derivative and non-derivative financial instruments on the reporting date. Regarding assets with variable interest rates, the analysis is based on the assumption that the amount of assets outstanding at the reporting date was outstanding throughout the year. The rate of change is expressed as the interest rate increases or decreases by 0.5% when reporting to management internally, which also represents the Group management's assessment of the reasonably possible interest rate change.

If the interest rate had increased / decreased by 0.5% basis points, the Group’s net income would have increased / decreased by $0 thousand and $10 thousand for the three months ended March 31, 2025 and 2024, respectively, with all other variable factors remaining constant. This is mainly due to the Group’s borrowing at variable rates.

(Continued)

(iii) Other market price risk

For the three months ended March 31, 2025 and 2024, the sensitivity analyses for the changes in the securities price at the reporting date were performed using the same basis for profit or loss as illustrated below:

For the three months ended March 31, 2025 2024 Prices of securities at the reporting date Other comprehensive income after tax Net income Other comprehensive income after tax Net income	For the three months ended March 31,	For the three months ended March 31,	For the three months ended March 31,	For the three months ended March 31,	For the three months ended March 31,
	2025 2024
			Net income Other comprehensive income after tax		Net income
0.5% increase $ 0.5% decrease $		85 (85)	733 $ (733) $	83 (83)	58 (58)

Fair value of financial instruments
(i) Fair value hierarchy

The carrying amount and fair value of the Group’s financial assets and liabilities, including the information on fair value hierarchy, were as follows; however, except as described in the following paragraphs, for financial instruments not measured at fair value whose carrying amount is reasonably close to the fair value, and lease liabilities, disclosure of fair value information is not required:

	March 31, 2025 Fair Value Level 1 Level 2 Level 3 Total 183,448 - - 183,448 730 - - 730	March 31, 2025 Fair Value Level 1 Level 2 Level 3 Total 183,448 - - 183,448 730 - - 730	March 31, 2025 Fair Value Level 1 Level 2 Level 3 Total 183,448 - - 183,448 730 - - 730
Book Value
	Level 1	Level 2 - -
$ 183,448 730	183,448 730
184,178	184,178	-	- 184,178
39,583 17,023	- -	39,583 17,023	- 39,583 - 17,023
56,606	-	56,606	- 56,606
488,865 131,035 20,555 1,415	- - -	- - -	- - - - - -
641,870
$ 882,654	184,178	56,606	240,78
$ 136,385 126,879 7,141	- - -	- - -	- - - - - -

(Continued)

4,354	4,354	- -	- -	-	-
$ 274,759
		December 31, 2024			Total 131,805 770
Book Value $131,805 770 132,575			Fair	Value
		Level 1 131,805 770	Level 2	Level 3 - - - - - - - - - -
			- - - 38,682 17,185
	132,575	132,575			132,575
	38,682 17,185	- - - - - - -			38,682 17,185 55,867 - - - -
	55,867		55,867
	564,394 141,003 4,218 1,413		- - - -
$	711,028	-	-	-	-
	899,470	132,575	55,867		188,442
$131,353 219,520 7,900 4653		- - - -	- - - -	- - - -	- - - -
$ 363,426

(Continued)

	March 31, 2024	March 31, 2024	March 31, 2024	Total 14,617 835
Book Value		Fair Value
	Level 1	Level 2 - -	Level 3 - -
$ 14,617 835	14,617 835
15,452	15,452	-	-	15,452
42,681 16,592	- -	42,681 16,592	- -	42,681 16,592
59,273	-	59,273	-	59,273
579,185 111,781 18,338 319 709,623	- - -	- - -	- - -	- - -

$ 784,348	15,452	59,273		74,725
$ 10,000 79,181 77,361 7,258 4,756	- - - -	- - - -	- - - -	- - - -
$ 178,556

(ii) Valuation techniques for financial instruments measured at fair value

A financial instrument is regarded as being quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency and those prices represent actual and regularly occurring market transactions on an arm’s-length basis. Whether transactions are taking place ‘regularly’ is a matter of judgment and depends on the facts and circumstances of the market for the instrument.

Quoted market prices may not be indicative of the fair value of an instrument if the activity in the market is infrequent, the market is not well-established, only small volumes are traded, or bid-ask spreads are very wide. Determining whether a market is active involves judgment.

(Continued)

Measurements of fair value of financial instruments without an active market are based on valuation technique or quoted price from a competitor. Fair value, measured by using valuation technique that can be extrapolated from either similar financial instruments or discounted cash flow method or other valuation techniques, including models, is calculated based on available market data at the reporting date.

(iii) Transfers between Level 1 and Level 2

There were no transfers from level 2 to level 1 for the three months ended March 31, 2025 and 2024.

(r)Financial risk management

There were no significant changes in the Group's financial risk management and policies as disclosed in note 6(r) to the consolidated financial statements for the year ended December 31, 2024.

(s) Capital management

Management believes that the objectives, policies and processes of capital management of the Group has been applied consistently with those described in the consolidated financial statements for the year ended December 31, 2024. Also, management believes that there were no significant changes in the Group's capital management information as disclosed for the year ended December 31, 2024. Please refer to note 6(s) to the consolidated financial statements for the year ended December 31, 2024 for further details.

(t) Non-cash Investing and Financing Activities

Acquisition of right-of-use assets through leasing. Please refer to Note 6(f) for details.

7. Related-party transactions

(a) Names and relationships with related parties

The followings are entities that have had transactions with related party during the periods covered in the consolidated financial statements.

Name of related party	Relationship with the Group
Lin, I-Chin LIN, WEN-TENG Sunrise On The Bund Hotel (Sunrise) PU HWUA ENTERPRISE CO., LTD. (Pu Hwua) Juyang Xingye Industrial Co., Ltd. ( Juyang Xingye) Juiye Enterprise Co., Ltd. (Juiye Enterprise)	Chairman of this company Director of this company The chairman of the subsidiary is the same as the chairman of the Company. Other related parties. The chairman of the Company is also a director of the subsidiary. The chairman of the company is a director of the company.

(Continued)

(b) Significant transactions with related parties

1. Sales

The amounts of significant sales by the Group to related parties were as follows:

Other related parties	For the three months ended March 31,	For the three months ended March 31,
	2025 $ 1,880	2024
		814

The sales price of the group to the related party is not significantly different from the general selling price. The average credit period for related parties as of March 31, 2025, and January 1 to March 31, 2024, is approximately 120 days, while for general customers, it ranges from 30 to 90 days.

2. Receivables from related parties

The receivables from related parties were as follows:

Account Trade receivables	Relationship Other related parties	March 31, 2025 $ 1,588	December 31, 2024 1,812	March 31, 2024
				468

3. Payables to related parties

The payables to related parties were as follows:

Account		Relationship	March 31,	December	March 31,
			2025	31, 2024	2024
Other payables	Others		$ 54	26	24

4. Leases

The Group collected rental income from other related parties and affiliated companies, reporting lease income of $441 thousand and $430 thousand for the year ended December 31, 2025, and for the period from January 1 to March 31, 2024, respectively. As of March 31, 2025, December 31, 2024, and March 31, 2024, related rental deposits amounted to $207 thousand, $207 thousand and $405 thousand.

In November 2024, the Group rented an office building from the Key management person to be used as its headquarter. A five-year lease contract was signed, in which the rental fee is determined based on nearby office rental rates. The total value of the contract was $5,309 thousand. For the three months ended March 31, 2025, the Group recognized the amounts of $24 thousand and $32 thousand respectively as interest expenses. As of March 31, 2025, December 31, 2024, and March 31, 2024 the balance of lease liabilities amounted to $2,849 thousand, $3,029 thousand and $3,809 thousand respectively.

5. Prepayments

6. Others Account Prepayments	Relationship Others	March 31, 2025 $ 4,023	December 31, 2024 3,138	March 31, 2024
				1,459

The Group 's operating expenses to other related parties for the March 31, 2025 and 2024 were $2,270thousand and $368 thousand, respectively.

(Continued)

(c) Others

In case of registering real estate under the name of other related parties, please refer to Note 6(7) for details.

(d) Key management personnel compensation

Key management personnel compensation comprised:

Key management personnel compensation comprised:
Short-term employee benefits Post-employment benefits	For the three months ended March 31,
	2025 $ 3,634 53 $3,687	2024
		6,504 38
		6,542

8. Assets pledged as security

The carrying amounts of assets pledged as security were as follows:

Assets pledged as security Property, plant and equipment Investment property	Liabilities secured by pledge Long-term borrowings Long-term borrowings	March 31, 2025 $228,738 49,232 $277,970	December 31, 2024 229,510 49,507 279,017	March 31, 2024
				231,531 50,330
				281,861

9. Significant Commitments and Contingencies

(a) Unrecognized contractual commitments

As of March 31, 2025, December 31, 2024, and March 31, 2024, the detailed amounts of the contract prices for equipment and construction projects entered into by the Group with suppliers are as follows::

Signed-contract Paid-price	March 31, 2025 $ 260,674 $ 40,921	December 31, 2024 259,598 50,971	March 31, 2024
			33,391
			28,555

(b) In September 2023, the subsidiary Zhejiang Rectron entered into a relocation compensation agreement with the Jiashan Development Zone due to the strategic transformation of the industrial park in which it operates. The agreed compensation amount was $739,403 thousand (RMB 161,653 thousand). In the same year, it received a signing payment of $369,704 thousand (RMB 80,827 thousand), and an additional $182,521 thousand (RMB 39,904 thousand) was received in March 2025. As of March 30, 2025, a total of $552,225 thousand (RMB 120,731 thousand) had been received and was recorded under other current liabilities.

10. Losses due to major disasters: none

11. Subsequent events: none

(Continued)

12. Others

(a)A summary of employee benefits, depreciation, and amortization, by function, is as follows:

By function By item		For the three months ended March 31,	For the three months ended March 31,	For the three months ended March 31,	For the three months ended March 31,
		2025			2024
	Cost of sales	Operating expenses	Total	Cost of sales	Operating expenses	Total
Employee benefits Salary Labor and health insurance Pension Others Depreciation Amortization	6,762 349 118 131 9,713 81	22,983 2,173 1,211 1,242 2,994 115	29,745 2,522 1,329 1,373 12,707 196	4,873 370 136 171 9,538 120	22,843 1,873 1,282 1,101 2,673 640	27,716 2,243 1,418 1,272 12,211 760

(b)Seasonality of operations

The Group's operations were not affected by seasonality or cyclicality factors.

13. Other disclosure items

(a) Information on significant transaction:

The followings were the information on significant transactions required by the “Regulations Governing the Preparation of Financial Reports by Securities Issuers” for the Group for the three months ended March 31, 2025:

Lending to other parties:

==> picture [426 x 88] intentionally omitted <==

----- Start of picture text -----

Highest
balance Collateral
of Actual Transaction
financing usage Range of Purposes amount for Reasons for Allowance
to other amount interest of fund business short-term for bad Individual Maximum
Number Name of lender borrower Name of Account name Related party parties during the balance Ending during period the during the period rates financing borrower for the two parties between financing debt Item Value loan limits funding financing limit of fund
period
1 Rectron China CHU-TING Other Yes 189,775 152,079 152,079 - 2 - Operation - - - 164,552 164,552
receivables (note 3) (note 4) Requirements
Note 1: For business transactions with counterparties, the business transaction amount is determined based on the cumulative
sales (or purchases) amount between the two parties over the preceding twelve months.
----- End of picture text -----

Note 2: According to our policy, the calculation for the maximum total amount of loans granted are as follows: (1) The Company Individual counterparty funding limit = Shareholders' equity x 40% = $1,731,105thousand x40% = $692,442thousand.

The maximum funding limit for an individual counterparty = Shareholders' equity x 40% = $1,731,105thousand x 40% = $692,442 thousand.

(2) Rectron Electronics (China)

Individual counterparty funding limit = Shareholders' equity x 200% = $82,276thousand x 200% = $164,552 thousand.

The maximum funding limit for an individual counterparty = Shareholders' equity x 200% = $82,276thousand x 200% = $164,552 thousand.

Note 3: Already eliminated during the preparation of the consolidated financial statements.

Note 4: (1) Business transaction with counterparts exists.

(2) Short-term funding is necessary.
Guarantees and endorsements for other parties: None.
Information regarding securities held at the reporting date (subsidiaries, associates and joint ventures not included):

				(Amounts in Thousands of New Taiwan Dollar)	(Amounts in Thousands of New Taiwan Dollar)	(Amounts in Thousands of New Taiwan Dollar)	(Amounts in Thousands of New Taiwan Dollar)	(Amounts in Thousands of New Taiwan Dollar)
Company holding securities	Security type and name	Relationship with the Company	Account		March 31, 2025			Remark
				Shares	Carrying value	Percentage of ownership (%)	Market value ( or net value)
The Company	Stock - Sunny Bank	-	Non-current financial assets at fair value through other comprehensive income	1,621,261	17,023	0.05%	17,023
The Company	Corporate bonds – Apple	-	Non-current financial assets at fair value through other comprehensive income	-	26,123	-%	26,123

(Continued)

								34
Company holding securities	Security type and name	Relationship with the Company	Account		March 31, 2025			Remark
				Shares	Carrying value	Percentage of ownership (%)	Market value ( or net value)
The Company	Corporate bonds – AT&T	-	Non-current financial assets at fair value through other comprehensive income	-	9,420	-%	9,420
The Company	Corporate bonds – Pfizer	-	Non-current financial assets at fair value through other comprehensive income	-	4,040	- %	4,040
CHU-TING	Fund - Yuanta High Dividend 0056	-	Current financial assets at fair value through profit or loss	21,000	730	-%	730
CHU-TING	Stock - TESLA	-	Current financial assets at fair value through profit or loss	15,850	131,446	-%	131,446
CHU-TING	Stock - NVDA	-	Current financial assets at fair value through profit or loss	14,450	52,002	-%	52,002

Information regarding related-party purchases and/or sales exceeding 100 million or 20% of the

Company’s paid-in capital:

(Amounts in Thousands of New Taiwan Dollar)

Company name	Related party	Nature of relationship		Transa	ction details		Abno transa	rmal ction	Trade receivables (payables) and notes receivable (payable)	Trade receivables (payables) and notes receivable (payable)
			Item	Amount	Percentage of the purchases (sales) (%)	Payment term	Unit price	Payment terms	Ending balance	Percentage of total receivables (payables)
Rectron China	Zhejiang Rectron	An investee accounted for using the equity method by the Company	Purchase	115,301	41%	Normal	Normal	120 days	(4)	(100)%
Zhejiang Rectron	Rectron China	An investee accounted for using the equity method by the Company	Sales	(115,301)	(31%)	Normal	Normal	120 days	4	12%

Note: The amount had been offset in the consolidated financial statements.

Information regarding receivables from related parties exceeding 100 million or 20% of the

Company’s paid-in capital:

					(Amounts in Thousands of New Taiwan Dollar	(Amounts in Thousands of New Taiwan Dollar	(Amounts in Thousands of New Taiwan Dollar	(Amounts in Thousands of New Taiwan Dollar
Company name	Related party	Nature of relationship	Balance as September 30, 2024	Turnover	O	verdue	Amount received in subsequent period	Allowance for bad debts
					Amount	Action taken
Rectron China	The Company	Parent-subsidiary relationship	152,079	- %	-	-	-	-

Note: The amount had been offset in the consolidated financial statements.

Significant transactions and business relationship between the parent company and its subsidiaries

for the three months ended March 31, 2025:

(Amounts in Thousands of New Taiwan Dollar)

No. (Note 1)	Company name	Counterparty	Relationship (Note 2)	Account	Intercompany transactions	Intercompany transactions
					Amount	Terms	Percentage of total consolidated net sales or assets
0	Rectron Ltd.	Rectron China	1	Operating cost	77,653	Calculated with finished product cost plus agreedprofit.	40%
0	Rectron Ltd.	Rectron China	1	Trade payables	82,221	Adjusted according to the overall funding situation between the parent and subsidiary companies, with a term of 120 days as stipulated in the agreement.	3%
0	Rectron Ltd.	REEI	1	Operating revenue	14,435	Calculated with finished product cost plus agreedprofit.	7%
0	Rectron Ltd.	REEI	1	Account receivable	16,055	Adjusted according to the overall funding situation between the parent and subsidiary companies, with a term of 120 days as stipulated in the agreement.	1%
1	Rectron China	Zhejiang Rectron	3	Operating cost	115,301	Calculated with finished product cost plus agreedprofit.	60%
2	CHU-TING	Rectron China	3	Other payable	152,079	Adjusted according to the overall funding situation between the parent and subsidiary companies, with a term of 120 days as stipulated in the agreement.	6%

Note 1: Companies are numbered as follows: Parent company － 0 Subsidiary － starting from 1

(Continued)

Note 2: The relationships between transaction parties are numbered as follows: Parent company and subsidiary － 1 Subsidiary and parent company － 2 Subsidiary and subsidiary － 3

(b) Information on investments:

The followings are the information on investees for the three months ended March 31, 2025:

(Amounts in Thousands of New Taiwan Dollar)

Name of investor	Name of investee	Location	Main businesses	Original i am	nvestment ount	Balance	as of March 31, 2025	as of March 31, 2025	Net income (loss) of the investee	Investment income (loss) recognised by the Company
				March 31, 2025	December 31, 2024	Shares	Percentage	Carrying value
The Company	REEI	USA	Sales of rectifiers, etc. Electronic components	142,264	142,264	205,000	100.00%	3,997	(1,898)	(1,898)
The Company	Rectron China	Hong Kong	Sales of rectifiers, etc. Electronic components	282,573	282,573	20,000	100.00%	82,276	1,809	1,809
The Company	CHU-TING	Taiwan	Wholesale of tobacco and alcohol products and manufacturing and sales of medical equipment.	164,987	109,987	20,000,000	100.00%	158,370	(50,762)	(50,762)

(c) Information on investment in Mainland China:

Information on the name, principal business activities, and other relevant details of the investee company in Mainland China:

								(Amounts in Thousands of New Taiwan Dollar)	(Amounts in Thousands of New Taiwan Dollar)	(Amounts in Thousands of New Taiwan Dollar)	(Amounts in Thousands of New Taiwan Dollar)	(Amounts in Thousands of New Taiwan Dollar)
Investee	Main businesses and products	Total amount of paid-in capital	Method of investment	Accumulated outflow of investment from Taiwan as of January 1, 2025	Inves	tment	Accumulated outflow of investment from Taiwan as of March 31, 2025	Net income (losses) of the investee	Percentage of ownership	Investment income (loss) recognized	Carrying value as of March 31, 2025	Accumulated inward remittance of earnings as of March 31, 2025
					Outflow	Inflow
Zhejiang Rectron	Manufacturing and sales of rectifiers and other electronic components.	64,940 USD2,000 (NOTE 1)	(3)	409,029 USD12,000	-	340,857 USD10,000	68,172 USD2,000	3,472	100.00%	3,472	(7,127)	-

Note 1: Zhejiang Rectron completed the capital reduction registration on November 15, 2024, reducing capital by USD 10,000 thousand. The original investment amount was offset using the exchange rate of 32.47 on the same date. The funds were remitted back to the Company on January 2, 2025 at an exchange rate of 32.865. Subsequent filing and approval from the Investment Commission of the Ministry of Economic Affairs is pending.

Upper limit on investment in Mainland China:

	(Amounts in Thousands of New Taiwan Dollar)	(Amounts in Thousands of New Taiwan Dollar)
Accumulated investment in Mainland China as of March 31, 2025	Investment amount authorized by Investment Commission, MOEA	Upper limit on investment
66,410 USD 2,000	530,284 USD 15,970	1,038,663

Note 1: Investment methods are categorized into the following three types, simply indicated by their types:

(1)Direct investment in mainland China.

(2)Investment in Mainland China through a third-party company in another region (please specify the investment company in that third region).

(3)Others method.

Note 2: In the investment gains/losses recognized in this period column:

(1)If it is under preparation and there are no investment gains/losses yet, it should be noted.

(2)The basis for recognizing investment gains/losses is the financial statements audited and certified by the certified public accountant of the Taiwan parent company.

Note 3: According to the "Principles for Reviewing Investment or Technical Cooperation in Mainland China," there are limits to the amount of investment.

Equity net worth × 60% = $1,731,105thousand × 60% = $1,038,663 thousand.

Note 4: Zhejiang Rectron completed the capital reduction registration on November 15, 2024, reducing capital by USD 10,000 thousand, and remitted the funds back to the Company on January 2, 2025. Subsequent filing and approval from the Investment Commission of the Ministry of Economic Affairs is pending.

3. Significant transactions:

The significant inter-company transactions with the subsidiary in Mainland China, which were eliminated in the preparation of consolidated financial statements, are disclosed in “Information on significant transactions”.

(Continued)

14. Segment information

(a) General information

The consolidated company has four reporting segments: Electronics, Real Estate Investment, Medical Equipment, and Wine Trading. The Diode segment is engaged in the manufacturing and sales of various rectifiers and other semiconductor components. The Real Estate Investment segment is engaged in the business of leasing office buildings and factories. The Medical Equipment segment is engaged in the business of buying and selling and manufacturing masks. The Wine Trading segment is engaged in the business of trading red and white wines. The reporting segments of the consolidated company are strategic business units that provide different products and services. As each strategic business unit requires different technology and marketing strategies, they need to be managed separately.

(b) Information of profit or loss, assets, liabilities, basis and adjustments of which of departments to be reported.

The consolidated company uses the departmental pre-tax profit (excluding non-recurring gains and losses and exchange gains and losses) reviewed by the chief operating decision-maker in the internal management report as the basis for resource allocation and performance evaluation by the management. Since income tax, non-recurring gains and losses, and exchange gains and losses are managed on a group basis, the consolidated company does not allocate income tax expenses (benefits), non-recurring gains and losses, and exchange gains and losses to the reporting segments. In addition, not all significant non-cash items, other than depreciation and amortization, are included in the income statement of all reporting segments. The amounts reported are consistent with the reports used by the operating decision-makers.

The information and adjustments for the operating segments of the consolidated company are as follows:

The Group’s operating segment information and reconciliation are as follows:

For the three months ended March 31, 2025 Revenue Revenue from external customers Intersegment revenues Total revenue Reportable segment profit or loss For the three months ended March 31, 2024 Revenue Revenue from external customers Intersegment revenues Total revenue Reportable segment profit or loss	Electronics Department $ 183,326 207,834 391,160 $39,469 Electronics Department $ 138,299 121,848 $260,077 $17,775	Property Management Division 5,646 - 5,646 3,664 Property Management Division 5,436 - 5,436 3,424	Medical Devices Division 2,641 46 2,687 (30,593) Medical Devices Division 2,782 172 2,954 1,037	Wine Trading Department 1,863 - 1,863 (20,094) Wine Trading Department 810 - 810 590	Reconciliation and elimination - (207,880) (207,880) - Reconciliation and elimination - (122,020) (122,020) -	Total
						193,476 -
						193,476
						(7,554)
						Total
						147,257 -
						147,257
						22,826

(Continued)

AI assistant

RECTRON — Interim / Quarterly Report 2025

51998_rns_2025-11-14_f798a6e2-2efe-4271-822b-b95e08532b44.pdf

Rectron Ltd. AND SUBSIDIARIES

Consolidated Financial Statements

Table of contents

Introduction

Scope of Review

Basis for Qualified Conclusion

Qualified Conclusion

Other Matters

Notes to Readers

(English Translation of Consolidated Financial Statements Originally Issued in Chinese.) Reviewed only, not audited in accordance with Standards on Auditing as of March 31, 2025 and 2024 Rectron LTD. and Subsidiaries

Consolidated Balance Sheets

March 31, 2025, December 31 and March 31, 2024 (Expressed in Thousands of New Taiwan Dollar)

(English Translation of Consolidated Financial Statements Originally Issued in Chinese.)

Reviewed only, not audited in accordance with Standards on Auditing Rectron LTD. and Subsidiaries

Consolidated Statement of Comprehensive Income

For the three months ended March 31, 2025 and 2024 (Expressed in Thousands of New Taiwan Dollar, except for Earnings per Common Share)

For the three months ended March 31

(English Translation of Consolidated Financial Statements Originally Issued in Chinese.)

Reviewed only, not audited in accordance with Standards on Auditing Rectron LTD. and Subsidiaries

Consolidated Statement of Changes in Equity

Reviewed only, not audited in accordance with Standards on Auditing

Rectron LTD. and Subsidiaries

Consolidated Statement of Cash Flows

For the three months ended March 31, 2025 and 2024 (Expressed in Thousands of New Taiwan Dollars)

Rectron Ltd. and Subsidiaries

Notes to Consolidated Financial Statements

March 31, 2025 and 2024

1. Company history

2. Approval date and procedures of the consolidated financial statements

3. New standards and interpretations not yet adopted

4. Summary of significant accounting policies

(1) Statement of compliance

(2) Basis of consolidation

(3) Income taxes

(4) Employee benefits

5. Significant accounting assumptions and judgments, and major sources of estimation uncertainty

6. Explanation of significant accounts

(a) Cash and cash equivalents

(b) Financial assets

(c) Trade receivables and notes receivable

(d) Inventories

(e) Property, plant and equipment

(f) Right-of-use assets

(g) Investment property

Land and

(h) Short-term borrowings

(i)Operating Lease

(j)Provisions

1. Defined benefit plans

2. Defined contribution plans

(k) Income tax

(l)Capital and other equity

(ii) Special reserve

(iii) Earnings distribution

(iv) OCI accumulated in reserves

(m) Earnings (Loss) per share

2. Diluted earnings (Loss) per share

(o) Remunerations to employees, directors and supervisors

(p) Non-operating income and expenses

(q) Financial instruments

(iii) Receivables and debt securities

2. Liquidity risk

3. Market risk

(i) Currency risk

(iii) Other market price risk

(ii) Valuation techniques for financial instruments measured at fair value

(r)Financial risk management

7. Related-party transactions

(b) Significant transactions with related parties

1. Sales

2. Receivables from related parties

3. Payables to related parties

4. Leases

5. Prepayments

(c) Others

(d) Key management personnel compensation

8. Assets pledged as security

RECTRON Interim / Quarterly Report 2025