SFC — Audit Report / Information 2025

Nov 14, 2025

Standard Foods Corporation

Parent Company Only Financial Statements for the Years Ended December 31, 2025 and 2024 and Independent Auditors’ Report

INDEPENDENT AUDITORS’ REPORT

The Board of Directors and Shareholders Standard Foods Corporation

Opinion

We have audited the accompanying parent company only financial statements of Standard Foods Corporation (the “Company”), which comprise the parent company only balance sheets as of December 31, 2025 and 2024, and the parent company only statements of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the parent company only financial statements, including material accounting policy information (collectively referred to as the “parent company only financial statements”).

In our opinion, the accompanying parent company only financial statements present fairly, in all material respects, the parent company only 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.

Basis for Opinion

We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and the 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 Parent Company Only Financial Statements section of our report. We are independent of the Company 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. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the 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, and we do not provide a separate opinion on these matters.

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The key audit matter identified in the Company’s parent company only financial statements for the year ended December 31, 2025 is stated as follows:

The Accuracy of the Calculation of Contractual Trade Promotion Fees for Major Retailers

The Company’s sales channels mainly consist of supermarkets and major hypermarkets. The sales contracts signed between the Company and retailers include contractual trade promotion fees that distributors are required to pay for various promotional and marketing activities in support of the Company’s products. Considering these fees as a reduction in the transaction price, they are accounted for as deductions from operating revenue. The calculation of contractual trade promotion fees is based on the actual sales amount according to the terms of the contract agreed upon with the retailers. Considering the significant amount and complexity of contractual trade promotion fees, we considered the accuracy of the calculation of contractual trade promotion fees for major retailers to be a key audit matter.

The key audit procedures that we performed in respect of the accuracy of the calculation of contractual trade promotion fees for major retailers included the following:

1. We obtained an understanding of and tested the design and operating effectiveness of the key controls over the estimates of the contractual trade promotion fees.

2. We obtained subsidiary ledgers from the major retailers in the current year, and conducted audit sampling by comparing delivery orders to confirm sales quantities and amounts.

3. We obtained the sales contracts of major retailers and confirmed that the agreed-upon contractual trade promotion fee rates were consistent with those rates in the SAP.

4. We recalculated the amounts of contractual trade promotion fees for major retailers based on the sales subsidiary ledger and the agreed-upon contractual trade promotion fee rates and confirmed whether these fees should be considered as deductions from operating revenue.

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 Issuers, and for such internal control as management determines is necessary to enable the preparation of parent company only financial statements that are 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.

Those charged with governance, including the audit committee, are responsible for overseeing the Company’s financial reporting process.

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Auditors’ 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 of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these parent company only financial statements.

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

1. Identify and assess the risks of material misstatement of the parent company only 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.

2. 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.

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

4. Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty 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 parent company only 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 auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern.

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

6. Obtain sufficient and appropriate audit evidence regarding the financial information of entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.

We communicate with those charged with 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.

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We also provide those charged with 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.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the parent company only financial statements for the year ended December 31, 2025 and are therefore the key audit matters. We describe these matters in our auditors’ report unless 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.

The engagement partners on the audits resulting in this independent auditors’ report are Han-Ni Fang and Zhao-Yu Chen.

Deloitte & Touche Taipei, Taiwan Republic of China

March 12, 2026

Notice to Readers

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

For the convenience of readers, the independent auditors’ report and the accompanying parent company only financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors’ report and parent company only financial statements shall prevail.

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STANDARD FOODS CORPORATION

PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2025 AND 2024 (In Thousands of New Taiwan Dollars)

ASSETS CURRENT ASSETS Cash and cash equivalents (Note 6) Financial assets at fair value through profit or loss - current (Note 7) Financial assets at fair value through other comprehensive income - current (Note 8) Financial assets at amortized cost - current (Note 9) Notes receivable (Notes 10 and 22) Trade receivables (Notes 10 and 22) Trade receivables from related parties (Notes 22 and 28) Other receivables (Note 10) Other receivables from related parties (Note 28) Inventories (Note 11) Prepayments (Note 12) Other current assets (Notes 17 and 19) Total current assets NON-CURRENT ASSETS Financial assets at fair value through profit or loss - non-current (Note 7) Financial assets at fair value through other comprehensive income - non-current (Note 8) Investments accounted for using the equity method (Note 13) Property, plant and equipment (Note 14) Right-of-use assets (Note 15) Other intangible assets (Note 16) Deferred tax assets (Note 24) Other non-current assets (Note 17) Total non-current assets TOTAL LIABILITIES AND EQUITY CURRENT LIABILITIES Contract liabilities - current (Note 22) Notes payable (Note 18) Trade payables (Note 18) Trade payables to related parties (Note 28) Other payables (Note 19) Other payables to related parties (Note 28) Current tax liabilities (Note 24) Lease liabilities - current (Note 15) Other current liabilities (Note 19) Total current liabilities NON-CURRENT LIABILITIES Deferred tax liabilities (Note 24) Lease liabilities - non-current (Note 15) Net defined benefit liabilities (Note 20) Other non-current liabilities (Note 19) Total non-current liabilities Total liabilities EQUITY (Note 21) Ordinary shares Capital surplus Retained earnings Legal reserve Special reserve Unappropriated earnings Total retained earnings Other equity Treasury shares Total equity TOTAL		2025 Amount % $ 539,710 3 863,579 4 26,640 - 1,015,232 5 354 - 1,691,994 8 244,511 1 40,573 - 135,861 1 2,472,604 12 280,266 1 48,144 - 7,359,468 35 1,702 - 946,782 4 10,315,311 49 2,245,031 11 48,685 - 38,427 - 240,140 1 44,098 - 13,880,176 65 $ 21,239,644 100 $ 40,720 - 29,239 - 835,739 4 34,327 - 1,354,186 7 684 - 130,026 1 35,269 - 63,853 - 2,524,043 12 50,529 - 13,950 - 92,925 1 150 - 157,554 1 2,681,597 13 9,150,897 43 183,259 1 4,273,632 20 577,494 2 4,194,570 20 9,045,696 42 199,377 1 (21,182) - 18,558,047 87 $ 21,239,644 100		2024
				Amount % $ 821,684 4 1,128,926 5 26,344 - 1,419,023 7 558 - 1,865,798 9 149,193 1 11,323 - 55,970 - 2,182,985 10 354,617 2 49,433 - 8,065,854 38 1,403 - 646,505 3 10,455,783 50 1,489,068 7 75,919 1 33,776 - 208,069 1 30,985 - 12,941,508 62 $ 21,007,362 100 $ 4,471 - 24,946 - 824,601 4 14,701 - 1,273,768 6 602 - 127,418 1 42,533 - 59,220 - 2,372,260 11 86,807 - 33,987 - 101,661 1 150 - 222,605 1 2,594,865 12 9,150,897 44 173,922 1 4,096,216 19 577,494 3 4,432,868 21 9,106,578 43 2,282 - (21,182) - 18,412,497 88 $ 21,007,362 100

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

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STANDARD FOODS CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

OPERATING REVENUE Sales (Notes 22 and 28) OPERATING COSTS Cost of goods sold (Notes 11, 23 and 28) GROSS PROFIT OPERATING EXPENSES (Note 23) Selling and marketing expenses General and administrative expenses Research and development expenses Expected credit (gain) loss recognized on trade receivables Total operating expenses OPERATING INCOME NON-OPERATING INCOME AND EXPENSES Interest income (Notes 23 and 28) Other income (Notes 23 and 28) Other gains (Note 23) Finance costs (Note 23) Share of the profit of subsidiaries Total non-operating income and expenses PROFIT BEFORE INCOME TAX INCOME TAX EXPENSE (Note 24) NET PROFIT FOR THE YEAR OTHER COMPREHENSIVE INCOME (LOSS) Items that will not be reclassified subsequently to profit or loss: Remeasurement of defined benefit plans (Note 20) Unrealized profit on investments in equity instruments at fair value through other comprehensive income		2025 Amount % $ 12,188,324 100 8,586,209 70 3,602,115 30 2,004,656 17 412,509 3 78,480 1 (729) - 2,494,916 21 1,107,199 9 52,904 1 13,510 - 49,580 - (878) - 210,143 2 325,259 3 1,432,458 12 223,668 2 1,208,790 10 8,989 - 300,715 3		2024
				Amount % $ 12,384,997 100 8,693,200 70 3,691,797 30 1,858,157 15 443,030 4 80,796 - 304 - 2,382,287 19 1,309,510 11 54,366 - 16,190 - 144,592 1 (1,347) - 537,652 5 751,453 6 2,060,963 17 326,999 3 1,733,964 14 39,932 - 29,427 - (Continued)

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STANDARD FOODS CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

Share of the other comprehensive income of subsidiaries accounted for using the equity method Income tax relating to items that will not be reclassified subsequently to profit or loss (Note 24) Total items that will not be reclassified subsequently to profit or loss Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of the financial statements of foreign operations Income tax relating to items that may be reclassified subsequently to profit or loss (Note 24) Total items that may be reclassified subsequently to profit or loss Other comprehensive income (loss) for the year, net of income (loss) tax TOTAL COMPREHENSIVE INCOME FOR THE YEAR EARNINGS PER SHARE (Note 25) Basic Diluted		2025 Amount % $ 18,617 - (784) - 327,537 3 (148,699) (1) 29,710 - (118,989) (1) 208,548 2 $ 1,417,338 12 $ 1.33 $ 1.33		2024
				Amount % $ 44,599 - (7,478) - 106,480 - 410,776 3 (82,155) - 328,621 3 435,101 3 $ 2,169,065 17 $ 1.91 $ 1.91
		$		$

The accompanying notes are an integral part of the parent company only financial statements. (Concluded)

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STANDARD FOODS CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (In Thousands of New Taiwan Dollars)

BALANCE ON JANUARY 1, 2024 Appropriation of 2023 earnings Legal reserve Cash dividends to shareholders Adjustment of capital surplus for the Company's cash dividends received by subsidiaries Net profit for the year ended December 31, 2024 Other comprehensive income (loss) for the year ended December 31, 2024, net of income tax Total comprehensive income for the year ended December 31, 2024 Disposal of investments in equity instruments at fair value through other comprehensive income BALANCE ON DECEMBER 31, 2024 Appropriation of 2024 earnings Legal reserve Cash dividends to shareholders Adjustment of capital surplus for the Company's cash dividends received by subsidiaries Net profit for the year ended December 31, 2025 Other comprehensive income (loss) for the year ended December 31, 2025, net of income tax Total comprehensive income (loss) for the year ended December 31, 2025 BALANCE ON DECEMBER 31, 2025	Ordinary Shares Capital Surplus $ 9,150,897 $ 165,585 - - - - - 8,337 - - - - - - - - 9,150,897 173,922 - - - - - 9,337 - - - - - - $ 9,150,897 $ 183,259	Retained Earnings	Total $ 8,476,280 - (1,143,862) - 1,733,964 37,917 1,771,881 2,279 9,106,578 - (1,281,125) - 1,208,790 11,453 1,220,243 $ 9,045,696	Other Equity	Total $ (392,623) - - - - 397,184 397,184 (2,279) 2,282 - - - - 197,095 197,095 $ 199,377	Treasury Shares $ (21,182) - - - - - - - (21,182) - - - - - - $ (21,182)	Total Equity $ 17,378,957 - (1,143,862) 8,337 1,733,964 435,101 2,169,065 - 18,412,497 - (1,281,125) 9,337 1,208,790 208,548 1,417,338 $ 18,558,047
				Exchange Differences on Translation of the Financial Statements of Unrealized Gain (Loss) on Financial Assets at Fair Value Through Other Foreign Operations Comprehensive Income $ (576,053) $ 183,430 - - - - - - - - 328,621 68,563 328,621 68,563 - (2,279) (247,432) 249,714 - - - - - - - - (118,989) 316,084 (118,989) 316,084 $ (366,421) $ 565,798
		Legal Reserve Special Reserve Unappropriated Earnings $ 3,978,059 $ 577,494 $ 3,920,727 118,157 - (118,157) - - (1,143,862) - - - - - 1,733,964 - - 37,917 - - 1,771,881 - - 2,279 4,096,216 577,494 4,432,868 177,416 - (177,416) - - (1,281,125) - - - - - 1,208,790 - - 11,453 - - 1,220,243 $ 4,273,632 $ 577,494 $ 4,194,570

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

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STANDARD FOODS CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (In Thousands of New Taiwan Dollars)

CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax Adjustments for: Depreciation expenses Amortization expenses Expected credit (reversed) loss recognized on trade receivables Net gain recognized on financial assets at fair value through profit or loss Finance costs Interest income Dividend income Share of the profit of subsidiaries Net loss (gain) on disposal of property, plant and equipment Write-down of inventories Reversal of write-down of inventories Others Changes in operating assets and liabilities Financial assets mandatorily classified as at fair value through profit or loss Notes receivable Trade receivables Trade receivables from related parties Other receivables Other receivables from related parties Inventories Prepayments Other current assets Contract liabilities Notes payable Trade payables Trade payables to related parties Other payables Other payables to related parties Other current liabilities Net defined benefit liabilities Cash generated from operations Interest received Interest paid Income tax paid Net cash generated from operating activities	2025 $ 1,432,458 215,234 30,815 (729) (52,799) 878 (52,904) (2,862) (210,143) 70 15,362 - - 317,847 204 174,533 (95,318) (21,934) (79,891) (304,981) 74,351 1,289 36,249 4,293 11,138 19,626 80,418 82 4,633 253 1,598,172 45,588 (878) (260,483) 1,382,399	2024 $ 2,060,963 210,996 20,863 304 (70,521) 1,347 (54,366) (6,636) (537,652) (1,453) - (13,005) (22) (108,283) 399 16,530 8,941 12,010 864,478 401,985 (139,923) 6,403 (10,400) 618 64,002 4,812 23,926 602 (13,303) (34,847) 2,708,768 54,232 (1,347) (222,852) 2,538,801

(Continued)

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STANDARD FOODS CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (In Thousands of New Taiwan Dollars)

CASH FLOWS FROM INVESTING ACTIVITIES Purchase of financial assets at fair value through other comprehensive income Proceeds from capital reduction of financial assets at FVTOCI Purchase of financial assets at amortized cost Proceeds from sale of financial assets at amortized cost Payments for property, plant and equipment Proceeds from disposal of property, plant and equipment Payments for intangible assets Increase in other financial assets Increase in other non-current assets Dividends received from subsidiaries Other dividends received Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Repayment of the principal portion of lease liabilities Dividends paid to owners of the Company Acquisition of interest in subsidiaries Net cash used in financing activities NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR	2025 $ (10,000) 10,142 (2,601,796) 3,005,587 (925,540) 952 (22,933) (1,471) (24,174) 321,922 2,862 (244,449) (46,747) (1,281,125) (92,052) (1,419,924) (281,974) 821,684 $ 539,710	2024 $ (439,750) - (3,321,605) 2,598,348 (192,111) 2,453 (19,055) (320) (13,395) 336,068 6,636 (1,042,731) (42,004) (1,143,862) (16,372) (1,202,238) 293,832 527,852 $ 821,684

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

(Concluded)

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STANDARD FOODS CORPORATION

NOTES TO PARENT COMPANY ONLY FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

1. GENERAL INFORMATION

Standard Foods Corporation (the “Company”) was incorporated on June 6, 1986. The Company mainly manufactures and sells nutritious foods, edible oils, dairy products and beverages.

The Company’s shares have been listed on the Taiwan Stock Exchange since April 1994.

The financial statements are presented in the Company’s functional currency, the New Taiwan dollar.

2. APPROVAL OF FINANCIAL STATEMENTS

The financial statements were approved by the Company’s board of directors on March 12, 2026.

3. APPLICATION OF NEW, AMENDED AND REVISED STANDARDS AND INTERPRETATIONS

• a. Initial application of the amendments to the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) (collectively, the “IFRS Accounting Standards”) endorsed and issued into effect by the Financial Supervisory Commission (FSC)

Amendments to IAS 21 “Lack of Exchangeability”

The initial application of the Amendments to IAS 21 “Lack of Exchangeability” did not have a material impact on the Company’s accounting policies.

• b. The IFRS Accounting Standards endorsed by the FSC for application starting from 2026

New, Amended and Revised Standards and Interpretations Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments” Amendments to IFRS 9 and IFRS 7 “Contracts Referencing Nature-dependent Electricity” Annual Improvements to IFRS Accounting Standards - Volume 11 IFRS 17 “Insurance Contracts” (including the 2020 and 2021 amendments to IFRS 17)	Effective Date Announced by IASB
	January 1, 2026 January 1, 2026 January 1, 2026 January 1, 2023

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Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments”

• 1) The amendments to the application guidance of classification of financial assets

The amendments mainly amend the requirements for the classification of financial assets, including:

• a) If a financial asset contains a contingent feature that could change the timing or amount of contractual cash flows and the contingent event itself does not relate directly to changes in basic lending risks and costs (e.g., whether the debtor achieves a contractually specified reduction in carbon emissions), the financial asset has contractual cash flows that are solely payments of principal and interest on the principal amount outstanding if, and only if,

  •  In all possible scenarios (before and after the occurrence of a contingent event), the contractual cash flows are solely payments of principal and interest on the principal amount outstanding; and

  •  In all possible scenarios, the contractual cash flows would not be significantly different from the contractual cash flows on a financial instrument with identical contractual terms, but without such a contingent feature.

• b) To clarify that a financial asset has non-recourse features if an entity’s ultimate right to receive cash flows is contractually limited to the cash flows generated by specified assets.

• c) To clarify that the characteristics of contractually linked instruments include a prioritization of payments to the holders of financial assets using multiple contractually linked instruments (tranches) established through a waterfall payment structure, resulting in concentrations of credit risk and a disproportionate allocation of cash shortfalls from the underlying pool between the tranches.

• 2) The amendments to the application guidance of derecognition of financial liabilities

The amendments mainly stipulate that a financial liability is derecognized on the settlement date. However, when settling a financial liability in cash using an electronic payment system, the Company can choose to derecognize the financial liability before the settlement date if, and only if, the Company has initiated a payment instruction that resulted in:

•  The Company having no practical ability to withdraw, stop or cancel the payment instruction;

•  The Company having no practical ability to access the cash to be used for settlement as a result of the payment instruction; and

•  The settlement risk associated with the electronic payment system being insignificant.

An entity shall apply the amendments retrospectively but is not required to restate prior periods. The effect of initially applying the amendments shall be recognized as an adjustment to the opening balance at the date of initial application. An entity may restate prior periods if, and only if, it is possible to do so without the use of hindsight.

As of the date the financial statements were authorized for issue, the Company is continuously assessing other impacts of the above amended standards and interpretations on the Company’s financial position and financial performance and will disclose the relevant impact when the assessment is completed.

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• c. The IFRS Accounting Standards in issue but not yet endorsed and issued into effect by the FSC

Effective Date New, Amended and Revised Standards and Interpretations Announced by IASB (Note 1)

Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets To be determined by IASB between an Investor and its Associate or Joint Venture” IFRS 18 “Presentation and Disclosure in Financial Statements” January 1, 2027 (Note 2) IFRS 19 “Subsidiaries without Public Accountability: Disclosures” January 1, 2027 (including the 2025 amendments to IFRS 19) Amendments to IAS 21 “Translation to a Hyperinflationary January 1, 2027 Presentation Currency”

• Note 1: Unless stated otherwise, the above IFRS Accounting Standards are effective for annual reporting periods beginning on or after their respective effective dates.

• Note 2: On September 25, 2025, the FSC announced that IFRS 18 will take effect starting from January 1, 2028. Domestic entities could elect to apply IFRS 18 for an earlier period after the endorsement of IFRS 18 by the FSC.

IFRS 18 “Presentation and Disclosure in Financial Statements” and consequential amendments

IFRS 18 will supersede IAS 1 “Presentation of Financial Statements”. The main changes comprise:

•  To classify items of income and expenses presented in the statement of profit or loss into the operating, investing, financing, income taxes and discontinued operations categories, the Company shall assess whether it has specified main business activities of investing in particular types of assets and providing financing to customers.

•  The statement of profit or loss shall present totals and subtotals for operating profit or loss, profit or loss before financing and income taxes and profit or loss.

•  Provides guidance to enhance the requirements of aggregation and disaggregation: The Company shall identify the assets, liabilities, equity, income, expenses and cash flows that arise from individual transactions or other events and shall classify and aggregate them into groups based on shared characteristics, so as to result in the presentation in the primary financial statements of line items that have at least one similar characteristic. The Company shall disaggregate items with dissimilar characteristics in the primary financial statements and in the notes. The Company labels items as “other” only if it cannot find a more informative label.

•  Disclosures on Management-defined Performance Measures (MPMs): When in public communications outside financial statements and communicating to users of financial statements management’s view of an aspect of the financial performance of the Company as a whole, the Company shall disclose related information about its MPMs in a single note to the financial statements, including the description of such measures, calculations, reconciliations to the subtotal or total specified by IFRS Accounting Standards and the income tax and non-controlling interests effects of related reconciliation items.

In addition, the following consequential amendments have been made to IAS 7 “Statement of Cash Flows”:

•  The Company shall use operating profit or loss as the starting point when presenting cash flows from operating activities under the indirect method.

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•  Interest and dividends received by the Company shall be classified as investing activities, while interest and dividends paid shall be classified as financing activities. However, if, after assessment, the Company has a specific main operating activity, it shall determine how to classify dividends received, interest received and interest paid in the statement of cash flows by referring to how it classifies dividend income, interest income and interest expense in the statement of profit or loss. The total of each of these cash flows shall be classified in a single category in the statement of cash flows.

As of the date the financial statements were authorized for issue, the Company is continuously assessing other impacts of the above amended standards and interpretations on the Company’s financial position and financial performance and will disclose the relevant impact when the assessment is completed.

4. SUMMARY OF MATERIAL ACCOUNTING POLICY INFORMATION

• a. Statement of compliance

The parent company only financial statements and have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and relative regulations.

• b. Basis of preparation

The parent company only the financial statements have been prepared on the historical cost basis except for financial instruments which are measured at fair values and net defined benefit liabilities that are determined by deducting the fair value of plan assets from the present value of the defined benefit obligation.

The fair value measurements, which are grouped into Levels 1 to 3 based on the degree to which the fair value measurement inputs are observable and based on the significance of the inputs to the fair value measurement in its entirety, are described as follows:

• 1) Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;

• 2) Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and

• 3) Level 3 inputs are unobservable inputs for the asset or liability.

When preparing these parent company only financial statements, the Company used the equity method to account for its investment in subsidiaries. In order for the amounts of the net profit for the year, other comprehensive income for the year and total equity in these parent company only financial statements to be the same as the amounts attributable to the owners of the Company in its consolidated financial statements, adjustments arising from the differences in accounting treatment between parent company only basis and consolidated basis were made to the investments accounted for by the equity method, the share of profit or loss of subsidiaries, the share of other comprehensive income of subsidiaries and the related equity items, as appropriate, in these parent company only financial statements.

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• c. Classification of current and non-current assets and liabilities

Current assets include:

• 1) Assets held primarily for the purpose of trading;

• 2) Assets expected to be realized within twelve months after the reporting period; and

• 3) Cash and cash equivalents unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

Current liabilities include:

• 1) Liabilities held primarily for the purpose of trading;

• 2) Liabilities due to be settled within twelve months after the reporting period, even if an agreement to refinance or to reschedule payments on a long-term basis is completed after the reporting period and before the financial statements are authorized for issue; and

• 3) Liabilities for which the Company does not have the substantial right at the end of the reporting period to defer settlement for at least twelve months after the reporting period.

Assets and liabilities that are not classified as current are classified as non-current.

• d. Foreign currencies

In preparing the Company’s financial statements, transactions in currencies other than the Company’s functional currency (i.e., foreign currencies) are recognized at the rates of exchange prevailing at the dates of the transactions.

At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Exchange differences on monetary items arising from settlement or translation are recognized in profit or loss in the period.

Non-monetary items denominated in foreign currencies that are measured at fair value are retranslated at the rates prevailing at the date when the fair value is determined. Exchange differences arising on the retranslation of non-monetary items are included in profit or loss for the period except for exchange differences arising from the retranslation of non-monetary items in respect of which gains and losses are recognized directly in other comprehensive income, in which case, the exchange differences are also recognized directly in other comprehensive income attributed to the owners of the Company and non-controlling interests as appropriate.

Non-monetary item denominated in a foreign currency and measured at historical cost is stated at the reporting currency as originally translated from the foreign currency.

For the purpose of presenting the financial statements, the functional currencies of the entities (including operations of the subsidiaries in other countries that use currencies which are different from the functional currency of the Company) are translated into the presentation currency - the New Taiwan dollar as follows: Assets and liabilities are translated at the exchange rates prevailing at the end of the reporting period; income and expense items are translated at the average exchange rates for the period. The resulting currency translation differences are recognized in other comprehensive income.

• 15 -

e. Inventories

Inventories consist of raw materials, packaging materials and supplies, work-in-process, finished goods and merchandise and are stated at the lower of cost or net realizable value. Inventory write-downs are made by item, except where it may be appropriate to group similar or related items. The net realizable value is the estimated selling price of inventories less all estimated costs of completion and costs necessary to make the sale. Inventories are recorded at weighted-average cost on the balance sheet date.

f. Investment in subsidiaries

The Company used the equity method to account for its investments in subsidiaries.

A subsidiary is an entity that is controlled by the Company.

Under the equity method, investment in a subsidiary is initially recognized at cost and adjusted thereafter to recognize the Company’s share of the profit or loss and other comprehensive income of the subsidiary. The Company also recognizes the changes in the Company’s share of equity of subsidiaries attributable to the Company.

Changes in the Company’s ownership interest in a subsidiary that do not result in the Company losing control of the subsidiary are accounted for as equity transactions. The Company recognizes directly in equity any difference between the carrying amount of the investment and the fair value of the consideration paid or received.

When the Company’s share of loss of a subsidiary exceeds its interest in that subsidiary (which includes any carrying amount of the investment accounted for using the equity method and long-term interests that, in substance, form part of the Company’s net investment in the subsidiary), the Company continues recognizing its share of further loss.

Any excess of the cost of acquisition over the Company’s share of the net fair value of the identifiable assets and liabilities of a subsidiary at the date of acquisition is recognized as goodwill, which is included within the carrying amount of the investment and is not amortized. Any excess of the Company’s share of the net fair value of the identifiable assets and liabilities over the cost of acquisition is recognized immediately in profit or loss.

The Company assesses its investment for any impairment by comparing the carrying amount with the estimated recoverable amount as assessed based on the entire financial statements of the invested company. Impairment loss is recognized when the carrying amount exceeds the recoverable amount. If the recoverable amount of the investment subsequently increases, the Company recognizes reversal of the impairment loss; the adjusted post-reversal carrying amount should not exceed the carrying amount that would have been recognized (net of amortization or depreciation) had no impairment loss been recognized in prior years. An impairment loss recognized on goodwill cannot be reversed in a subsequent period.

When the Company loses control of a subsidiary, it recognizes the investment retained in the former subsidiary at its fair value at the date when control is lost. The difference between the fair value of the retained investment plus any consideration received and the carrying amount of the previous investment at the date when control is lost is recognized as a gain or loss in profit or loss. Besides this, the Company accounts for all amounts previously recognized in other comprehensive income in relation to that subsidiary on the same basis as would be required had the Company directly disposed of the related assets or liabilities.

Profits and losses resulting from downstream transactions are eliminated in full in the financial statements. Profits and losses transactions from upstream and transactions between subsidiaries are recognized in the financial statements only to the extent of interests in the subsidiaries that are not related to the Company.

• 16 -

g. Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost less depreciation and accumulated impairment loss.

Property, plant and equipment in the course of construction are measured at cost less any recognized impairment loss. Cost includes professional fees and borrowing costs eligible for capitalization. Such properties are depreciated and classified to the appropriate categories of property, plant and equipment when completed and ready for intended use.

The depreciation of property, plant and equipment is recognized using the straight-line method. Each significant part is depreciated separately. If a lease term is shorter than the assets’ useful lives, such assets are depreciated over the lease term. The estimated useful lives, residual values and depreciation methods are reviewed at the end of each reporting period, with the effect of any changes in the estimates accounted for on a prospective basis.

On derecognition of an item of property, plant and equipment, the difference between the sales proceeds and the carrying amount of the asset is recognized in profit or loss.

h. Intangible assets

• 1) Intangible assets acquired separately

Intangible assets with finite useful lives that are acquired separately are initially measured at cost and subsequently measured at cost less accumulated amortization and accumulated impairment loss. Amortization is recognized on a straight-line basis. The estimated useful life, residual value, and amortization method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Intangible assets with indefinite useful lives that are acquired separately are measured at cost less accumulated impairment loss.

• 2) Derecognition of intangible assets

On derecognition of an intangible asset, the difference between the net disposal proceeds and the carrying amount of the asset is recognized in profit or loss.

• i. Impairment of property, plant and equipment, right-of-use asset and intangible assets

At the end of each reporting period, the Company reviews the carrying amounts of its property, plant and equipment, right-of-use asset and intangible assets, to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. When it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Corporate assets are allocated to the smallest group of cash-generating units on a reasonable and consistent basis of allocation.

Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset or cash-generating unit is estimated to be less than its carrying amount, the carrying amount of the asset or cash-generating unit is reduced to its recoverable amount, with the resulting impairment loss recognized in profit or loss.

When an impairment loss is subsequently reversed, the carrying amount of the asset or cash-generating unit is increased to the revised estimate of its recoverable amount, but only to the extent of the carrying amount that would have been determined had no impairment loss been recognized for the asset or cash-generating unit in prior years. A reversal of an impairment loss is recognized in profit or loss.

• 17 -

• j. Financial instruments

Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual provisions of the instruments.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at FVTPL) are added to the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at FVTPL are recognized immediately in profit or loss.

1) Financial assets

All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis.

• a) Measurement categories

Financial assets are classified into the following categories: Financial assets at FVTPL, financial assets at amortized cost and investments in equity instruments at FVTOCI

• i. Financial assets at FVTPL

Financial assets are classified as at FVTPL when such a financial assets are mandatorily classified as at FVTPL. Financial assets mandatorily classified as at FVTPL include investments in equity instruments which are not designated as at FVTOCI.

Financial assets at FVTPL are subsequently measured at fair value, with any gains or losses arising on remeasurement recognized in profit or loss. Fair value is determined in the manner described in Note 27.

• ii. Financial assets at amortized cost

Financial assets that meet the following conditions are subsequently measured at amortized cost:

• i) The financial assets are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and

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

Subsequent to initial recognition, financial assets at amortized cost, including cash and cash equivalents, notes receivable, trade receivables, other receivables and other financial assets that measured at amortized cost, which equals the gross carrying amount determined using the effective interest method less any impairment loss. Exchange differences are recognized in profit or loss.

• iii. Investments in equity instruments at FVTOCI

On initial recognition, the Company may make an irrevocable election to designate investments in equity instruments as at FVTOCI. Designation as at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination.

• 18 -

Investments in equity instruments at FVTOCI are subsequently measured at fair value with gains and losses arising from changes in fair value recognized in other comprehensive income and accumulated in other equity. The cumulative gain or loss will not be reclassified to profit or loss on disposal of the equity investments; instead, it will be transferred to retained earnings.

Dividends on these investments in equity instruments are recognized in profit or loss when the Company’s right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment.

b) Impairment of financial assets and contract assets

The Company recognizes a loss allowance for expected credit losses on financial assets at amortized cost (including trade receivables) and finance lease receivables.

The Company always recognizes lifetime expected credit losses (ECLs) for trade receivables and finance lease receivables. For all other financial instruments, the Company recognizes lifetime ECLs when there has been a significant increase in credit risk since initial recognition. If, on the other hand, the credit risk on a financial instrument has not increased significantly since initial recognition, the Company measures the loss allowance for that financial instrument at an amount equal to 12-month ECLs.

Expected credit losses reflect the weighted average of credit losses with the respective risks of default occurring as the weights. Lifetime ECLs represent the expected credit losses that will result from all possible default events over the expected life of a financial instrument. In contrast, 12-month ECLs represent the portion of lifetime ECLs that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date.

The impairment loss of all financial assets is recognized in profit or loss by a reduction in their carrying amounts through a loss allowance account.

• c) Derecognition of financial assets

The Company derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.

On derecognition of a financial asset at amortized cost in its entirety, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognized in profit or loss. On derecognition of an investment in a debt instrument at FVTOCI, the difference between the asset’s carrying amount and the sum of the consideration received and receivable and the cumulative gain or loss which had been recognized in other comprehensive income is recognized in profit or loss. However, on derecognition of an investment in an equity instrument at FVTOCI, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognized in profit or loss, and the cumulative gain or loss which had been recognized in other comprehensive income is transferred directly to retained earnings, without recycling through profit or loss.

• 2) Equity instruments

Debt and equity instruments issued by the Company are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.

• 19 -

Equity instruments issued by the Company are recognized at the proceeds received, net of direct issue costs.

The repurchase of the Company’s own equity instruments is recognized in and deducted directly from equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Company’s own equity instruments.

• 3) Financial liabilities

• a) Subsequent measurement

All financial liabilities are measured at amortized cost using the effective interest method.

• b) Derecognition of financial liabilities

The difference between the carrying amount of a financial liability derecognized and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognized in profit or loss.

• k. Revenue recognition

The Company identifies contracts with customers and recognizes revenue when performance obligations are satisfied.

Revenue from the sale of goods

Revenue from the sale of goods comes from sales of nutritious foods and cooking products. Sales of goods are recognized as revenue when the goods are delivered to the customer’s specific location because it is the time when the customer has full discretion over the manner of distribution and price to sell the goods, has the primary responsibility for sales to future customers and bears the risks of obsolescence. Trade receivables and contract assets are recognized concurrently. Any amounts previously recognized as contract assets are reclassified to trade receivables when the remaining obligations are performed. When the customer initially purchases the goods, the transaction price received is recognized as a contract liability until the goods have been delivered to the customer.

l. Leases

At the inception of a contract, the Company assesses whether the contract is, or contains, a lease.

The Company as lessee

The Company recognizes right-of-use assets and lease liabilities for all leases at the commencement date of a lease, except for short-term leases and low-value asset leases accounted for by applying a recognition exemption where lease payments are recognized as expenses on a straight-line basis over the lease terms.

Right-of-use assets are initially measured at cost, which comprises the initial measurement of lease liabilities adjusted for lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs needed to restore the underlying assets, and less any lease incentives received. Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses and adjusted for any remeasurement of the lease liabilities. Right-of-use assets are presented on a separate line in the balance sheets.

Right-of-use assets are depreciated using the straight-line method from the commencement dates to the earlier of the end of the useful lives of the right-of-use assets or the end of the lease terms.

• 20 -

Lease liabilities are initially measured at the present value of the lease payments, which comprise fixed payments, in-substance fixed payments. The lease payments are discounted using the interest rate implicit in a lease, if that rate can be readily determined. If that rate cannot be readily determined, the lessee’s incremental borrowing rate will be used.

Subsequently, lease liabilities are measured at amortized cost using the effective interest method, with interest expense recognized over the lease terms. When there is a change in a lease term resulting from a change to those payments, the Company remeasures the lease liabilities with a corresponding adjustment to the right-of-use-assets. However, if the carrying amount of the right-of-use assets is reduced to zero, any remaining amount of the remeasurement is recognized in profit or loss. Lease liabilities are presented on a separate line in the consolidated balance sheets.

m. Employee benefits

• 1) Short-term employee benefits

Liabilities recognized in respect of short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in exchange for the related services.

2) Retirement benefits

Payments to defined contribution retirement benefit plans are recognized as an expense when employees have rendered services entitling them to the contributions.

Defined benefit costs (including service cost, net interest and remeasurement) under the defined contribution retirement benefit plans are determined using the projected unit credit method. Service cost (including current service cost) and net interest on the net defined benefit liabilities (assets) are recognized as employee benefits expense in the period they occur. Remeasurement, comprising actuarial gains and losses, effect of changes to asset ceiling and return on plan assets (excluding interest), is recognized in other comprehensive income in the period in which they occur. Remeasurement recognized in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to profit or loss.

Net defined benefit liabilities (assets) represent the actual deficit (surplus) in the Company’s defined benefit plan. Any surplus resulting from this calculation is limited to the present value of any refunds from the plans or reductions in future contributions to the plans.

3) Termination benefits

A liability for a termination benefit is recognized at the earlier of when the Company can no longer withdraw the offer of the termination benefit and when the Company recognizes any related restructuring costs.

n. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

1) Current tax

Income tax payable is based on taxable profit for the year determined according to the applicable tax laws of each tax jurisdiction.

According to the Income Tax Act in the ROC, an additional tax on unappropriated earnings is provided for in the year the shareholders approve to retain earnings.

• 21 -

Adjustments of prior years’ tax liabilities are added to or deducted from the current year’s tax provision.

• 2) Deferred tax

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities and the corresponding tax bases used in the computation of taxable profit.

Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences and unused tax credits for research and development expenditures to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilized.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. A previously unrecognized deferred tax asset is also reviewed at the end of each reporting period and recognized to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realized, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

The company has applied the exception from the recognition and disclosure of deferred tax assets and liabilities relating to Pillar Two income taxes. Accordingly, the company neither recognizes nor discloses information about deferred tax assets and liabilities related to Pillar Two income taxes.

• 3) Current tax and deferred taxes for the year

Current tax and deferred taxes are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case, the current tax and deferred tax are also recognized in other comprehensive income or directly in equity, respectively.

5. MATERIAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company’s accounting policies, management is required to make judgments, estimations and assumptions on the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

When developing material accounting estimates, the Company considers the possible impact of climate change and related government policies and regulations and US reciprocal tariffs on the cash flow projection, growth rates, discount rates, profitabilities and other relevant material estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

• 22 -

6. CASH AND CASH EQUIVALENTS

Cash on hand Checking accounts and demand deposits Cash equivalents (investments with original maturities of 3 months or less) Time deposits Repurchase agreements collateralized by bonds		December 31	December 31
		2025 $ 785 520,886 18,039 - $ 539,710	2024 $ 785 53,719 702,180 65,000 $ 821,684

The ranges of annual interest rate of cash in bank at the end of the reporting period were as follows:

Bank balance Repurchase agreements collateralized by bonds	December 31
	2025 2024 0.001%-1.120% 0.010%-4.950% - 1.440%

7. FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

Financial assets at fair value through profit or loss (FVTPL)-current Financial assets mandatorily classified as at FVTPL Non-derivative financial assets Listed shares Mutual funds Note cash Financial assets at FVTPL-non-current Financial assets mandatorily classified as at FVTPL Non-derivative financial assets Domestic unlisted shares		December 31	December 31
		2025 $ 38,448 693,687 131,444 $ 863,579 $ 1,702	2024 $ 37,526 959,099 132,301 $ 1,128,926 $ 1,403

8. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Current Investments in equity instruments at fair value through other comprehensive income (FVTOCI)		December 31	December 31
		2025 $ 26,640	2024 $ 26,344 (Continued)

• 23 -

Non-current Investments in equity instruments at FVTOCI Investments in Equity Instruments at FVTOCI Current Listed shares and emerging market shares Ordinary shares - Far Eastern International Bank Ordinary shares - Chunghwa Telecom Co., Ltd. Non-current Listed shares and emerging market shares Ordinary shares - GeneFerm Biotechnology Co., Ltd. Unlisted shares Ordinary shares - Dah Chung Bills Finance Corp. Ordinary shares - H2U Corporation Ordinary shares - Sancci Manufacture Food Company		December 31	December 31
		2025 2024 $ 946,782 $ 646,505 (Concluded) December 31
		2025 $ 20,298 6,342 $ 26,640 $ 103,501 20,796 624,963 197,522 $ 946,782	2024 $ 20,342 6,002 $ 26,344 $ 100,820 20,662 408,170 116,853 $ 646,505

These investments by the Company are held for medium- to long-term strategic purposes and the Company expects to profit from long-term investments. Accordingly, the management elected to designate these investments in equity instruments as at FVTOCI as they believe that recognizing short-term fluctuations in these investments’ fair value in profit or loss would not be consistent with the Company’s strategy of holding these investments for long-term purposes.

9. FINANCIAL ASSETS AT AMORTIZED COST

Current Time deposits with original maturities of more than 3 months		December 31	December 31
		2025 $ 1,015,232	2024 $ 1,419,023

The ranges of interest rates for time deposits with original maturities of more than 3 months were approximately 1.12%-3.97% and 1.70%-4.62% per annum as of December 31, 2025 and 2024, respectively.

• 24 -

10. NOTES RECEIVABLE, TRADE RECEIVABLES AND OTHER RECEIVABLES

Notes receivable Operating Trade receivables At amortized cost Gross carrying amount Less: Allowance for impairment loss Other receivables Accrued interest Others		December 31	December 31
		2025 $ 354 $ 1,693,969 (1,975) $ 1,691,994 $ 15,460 25,113 $ 40,573	2024 $ 558 $ 1,868,502 (2,704) $ 1,865,798 $ 8,145 3,178 $ 11,323

The average credit period of commodity sales was 30-90 days. The accounts receivables are collected without interest. To minimize credit risk, the management of the Company has assigned a dedicated team to handle credit limit decisions, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. In addition, the Company reviews the recoverable amount of each individual receivable on the balance sheet date to ensure that adequate allowance is made for possible irrecoverable amounts.

The Company adopts the simplified approach of IFRS 9 to measures the loss allowance for trade receivables at an amount equal to lifetime expected credit losses (ECLs). The Company performs assessment using the three forward-looking factors, i.e., industrial index of the customer, GDP growth rate and unemployment rate, as the ECL rate.

When there is evidence indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery, the credit risk management department of the Company would continue to engage in enforcement activity in compliance with laws and regulations. The trade receivable will be written off when the amount due is collected.

The following table details the loss allowance of trade receivables based on the Company’s provision matrix.

December 31, 2025

Not Past Due Expected credit loss rate 0.02% Gross carrying amount $ 1,680,154 Loss allowance (Lifetime ECL) (369) Amortized cost $ 1,679,785	Less than 30 Days 31 to 90 Days 7.73% 17.85% $ 10,500 $ 3,425 (812) (611) $ 9,688 $ 2,814	91 to 180 Days 47.86% $ 117 (56) $ 61	Over 180 Days 100.00% $ 127 (127) $ -	Total $ 1,694,323 (1,975) $ 1,692,348

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December 31, 2024

Not Past Due Expected credit loss rate 0.02% Gross carrying amount $ 1,856,654 Loss allowance (Lifetime ECL) (421) Amortized cost $ 1,856,233	Less than 30 Days 31 to 90 Days 7.17% 16.48% $ 5,524 $ 5,352 (395) (882) $ 5,129 $ 4,470	91 to 180 Days 29.78% $ 746 (222) $ 524	Over 180 Days 100.00% $ 784 (784) $ -	Total $ 1,869,060 (2,704) $ 1,866,356

The movements of the loss allowance of notes receivables and trade receivables were as follows:

Balance on January 1 Add: Net remeasurement of loss allowance Less: Net remeasurement of loss allowance Balance on December 31	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 $ 2,704 - (729) $ 1,975	2024 $ 2,400 304 - $ 2,704

11. INVENTORIES

Merchandise Finished goods Work in progress Raw materials Packing materials		December 31	December 31
		2025 $ 254,864 1,321,920 269,316 561,212 65,292 $ 2,472,604	2024 $ 262,197 1,192,368 172,116 491,528 64,776 $ 2,182,985

The cost of inventories recognized as cost of goods sold for the year ended December 31, 2025 included loss on write-downs of inventories $15,362 thousand and loss on abandoned inventories of $17,635 thousand. The cost of goods sold for the year ended December 31, 2024 included gains from the recovery of the inventories of $13,005 thousand and loss on abandoned inventories of $9,279 thousand. The increase in the net realizable value of inventories was a result of de-stocking of inventories initially stated as the loss on the price decline of inventories for the year ended December 31, 2024.

12. PREPAYMENTS

Prepayments for purchases Prepayments for rent Prepayments for equipment parts Prepayments for fuel oil	December 31
	2025 2024 $ 152,828 $ 266,993 28,153 24,674 23,513 23,494 6,554 6,866 (Continued)

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Prepayments for insurance Prepayments for advertisements Others		December 31	December 31
		2025 $ 448 1,461 67,309 $ 280,266	2024 $ 563 2,646 29,381 $ 354,617 (Concluded)

13. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

Unlisted companies Accession Limited Standard Investment (Cayman) Limited (“Cayman Standard”) Standard Dairy Products Taiwan Limited (“Standard Dairy Products”) Charng Hui Ltd. (“Charng Hui”) Domex Technology Corporation (“Domex Technology”) Standard Beverage Company Limited (“Standard Beverage”) Standard Foods, LLC. SF NUTRA PTE. LTD. (NUTRA) Newtrin Holding PTE. LTD. (Newtrin Holding)		December 31	December 31
		2025 $ 3,838,598 4,503,526 1,124,576 365,199 282,100 78,805 9,429 36,096 76,982 $ 10,315,311	2024 $ 3,890,526 4,770,615 1,038,034 344,147 296,590 79,732 9,836 9,911 16,392 $ 10,455,783

Name of Subsidiary Accession Limited Cayman Standard Standard Dairy Products Charng Hui Domex Technology Standard Beverage Standard Foods, LLC. SF NUTRA PTE. LTD. (Note 1) Newtrin Holding PTE. LTD. (Note 2)	Proportion of Ownership and Voting Rights
	December 31
	2025 2024 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 52.0% 52.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

Note 1: Standard Great Foods Singapore PTE. LTD. was renamed SF NUTRA PTE. LTD. in February 2025.

Note 2: The Company invested US$500 thousand in December 2024 to establish.

Refer to Note 31 for the details of the subsidiaries indirectly held by the Company.

• 27 -

14. PROPERTY, PLANT AND EQUIPMENT

Cost Balance on January 1, 2024 Additions Disposals Reclassified Balance on December 31, 2024 Accumulated depreciation and impairment Balance on January 1, 2024 Disposals Depreciation expenses Balance on December 31, 2024 Carrying amount on December 31, 2024 Cost Balance on January 1, 2025 Additions Disposals Reclassified Balance on December 31, 2025 Accumulated depreciation and impairment Balance on January 1, 2025 Disposals Depreciation expenses Balance on December 31, 2025 Carrying amount on December 31 2025	Freehold Land $ 410,911 - - - $ 410,911 $ - - - $ - $ 410,911 $ 410,911 463,651 - - $ 874,562 $ - - - $ - $ 874,562	Land Improvement $ 33,771 - - - $ 33,771 $ 1,248 - 2,110 $ 3,358 $ 30,413 $ 33,771 - - 1,273 $ 35,044 $ 3,358 - 2,157 $ 5,515 $ 29,529	Buildings $ 1,168,284 - (3,747) 4,301 $ 1,168,838 $ 797,163 (3,747) 56,266 $ 849,682 $ 319,156 $ 1,168,838 - (1,019) 32,047 $ 1,199,866 $ 849,682 (1,019) 53,862 $ 902,525 $ 297,341	Equipment $ 2,355,704 - (45,762) 60,018 $ 2,369,960 $ 1,951,209 (44,762) 92,168 $ 1,998,615 $ 371,345 $ 2,369,960 - (32,468) 110,430 $ 2,447,922 $ 1,998,615 (32,468) 93,419 $ 2,059,566 $ 388,356	Other Equipment a $ 221,828 - (17,280) 15,424 $ 219,972 $ 166,834 (17,280) 17,768 $ 167,322 $ 52,650 $ 219,972 - (18,788) 27,095 $ 228,279 $ 167,322 (17,766) 19,117 $ 168,673 $ 59,606	Property in Construction nd Equipment to Be Tested $ 192,225 192,111 - (79,743) $ 304,593 $ - - - $ - $ 304,593 $ 304,593 461,889 - (170,845) $ 595,637 $ - - - $ - $ 595,637	Total $ 4,382,723 192,111 (66,789) - $ 4,508,045 $ 2,916,454 (65,789) 168,312 $ 3,018,977 $ 1,489,068 $ 4,508,045 925,540 (52,275) - $ 5,381,310 $ 3,018,977 (51,253) 168,555 $ 3,136,279 $ 2,245,031

No impairment loss or reversal of impairment loss were recognized for the years ended December 31, 2025 and 2024.

The above items of property, plant and equipment are depreciated on a straight-line basis over the following estimated useful lives of the assets:

Land improvements	15 years
Building
Main buildings	40 years
Electrical and mechanical equipment	8-15 years
Engineering	7-39 years
Others	3-14 years
Equipment
Main equipment	2-20 years
Engineering	7-20 years
Others	3-15 years
Other equipment	2-15 years

• 28 -

The Company acquired a parcel of land pursuant to a resolution of the Board of Directors, with a total contract price of NT$541,800 thousand in August 2025. The Company had paid NT$433,500 thousand, which has been recognized as land as of December 31, 2025. The remaining unrecognized contractual commitments are disclosed in Note 29.

15. LEASE ARRANGEMENTS

• a. Right-of-use assets

Carrying amounts Land Buildings Office equipment Transportation equipment Additions to right-of-use assets Depreciation charge for right-of-use assets Land Buildings Office equipment Transportation equipment Lease liabilities Carrying amounts Current Non-current Range of discount rates for lease liabilities was as follows: Land Buildings Office equipment Transportation equipment		December	31
	2025 2024 $ 2,241 $ 3,000 32,727 64,690 2,671 3,059 11,046 5,170 $ 48,685 $ 75,919 For the Year Ended December 31
		2025 $ 19,445 $ 1,893 40,569 872 3,345 $ 46,679 December	2024 $ 5,344 $ 1,892 38,099 812 1,881 $ 42,684 31
		2025 $ 35,269 $ 13,950 December	2024 $ 42,533 $ 33,987 31
	2025 2024 1.07% 1.07% 1.07%-1.96% 1.07% 1.07%-1.96% 1.07%-1.85% 1.25%-1.96% 1.25%

b. Lease liabilities

• 29 -

• c. Material lease-in activities and terms

The Company leases land, buildings and transportation equipment for the use of parking garage, offices, office equipment and official vehicles with lease terms of 1 to 6 years. The Company does not have bargain purchase options to acquire the leasehold land and buildings at the end of the lease terms. In addition, the Company is prohibited from subleasing or transferring all or any portion of the underlying assets without the lessor’s consent.

• d. Other lease information

Expenses relating to short-term leases Total cash outflow for leases	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 $ 47,249 $ (94,775)	2024 $ 43,884 $ (86,929)

The Company’s leases of leases certain office equipment and retail stores qualify as short-term leases. The Company has elected to apply the recognition exemption and, thus, did not recognize right-of-use assets and lease liabilities for these leases.

16. INTANGIBLE ASSETS

Cost Balance on January 1, 2024 Additions Balance on December 31, 2024 Accumulated amortization and impairment Balance on January 1, 2024 Amortization expenses Balance on December 31, 2024 Carrying amount on December 31, 2024 Cost Balance on January 1, 2025 Additions Balance on December 31, 2025	Computer Software $ 277,940 19,055 $ 296,995 $ 251,054 12,165 $ 263,219 $ 33,776 $ 296,995 22,933 $ 319,928 (Continued)

• 30 -

Accumulated amortization and impairment Balance on January 1, 2025 Amortization expenses Balance on December 31, 2025 Carrying amount on December 31, 2025	Computer Software $ 263,219 18,282 $ 281,501 $ 38,427 (Concluded)

Intangible assets are amortized on straight-line basis over their estimated useful lives as follows:
Computer software	2-3 years

17. OTHER ASSETS

Current Advances to officers Right to recover a product Non-current Refundable deposits Others		December	31
		2025 $ 17,535 30,609 $ 48,144 $ 20,828 23,270 $ 44,098	2024 $ 20,620 28,813 $ 49,433 $ 19,357 11,628 $ 30,985

18. NOTES PAYABLE AND TRADE PAYABLES

Notes payable Operating Trade payables Operating		December 31	December 31
		2025 $ 29,239 $ 835,739	2024 $ 24,946 $ 824,601

The average credit period of payables for purchases of goods was 30-90 days. The Company has financial risk management policies in place to ensure that all payables are paid within the pre-agreed credit terms.

• 31 -

19. OTHER LIABILITIES

Current Other payables Payable for salaries and bonuses Payable for compensation of employees Payable for remuneration of directors Payable for commission and rebates Advertisement payable Payable for royalties Payable for freight Payable for purchases of equipment Payable for labor and health insurance Payable for environmental recycling fee Others Other liabilities Return liability and others Non-current Other liabilities Guarantee deposits		December 31	December 31
		2025 $ 132,082 19,566 8,031 582,535 255,041 23,423 5,274 91,292 22,888 8,913 205,141 $ 1,354,186 $ 63,853 $ 150	2024 $ 134,306 28,146 11,553 523,974 297,587 25,594 5,525 71,897 21,700 8,929 144,557 $ 1,273,768 $ 59,220 $ 150

In accordance with business practices, the Company accepts the returns of goods sold. Taking into account the historical experience in the past, the Company estimates the return rate with the most probable amount, and recognizes the return liability, which accounts for other current liabilities, and related product rights to be returned, which accounts for other current assets.

20. RETIREMENT BENEFIT PLANS

a. Defined contribution plan

The Company adopted a pension plan under the Labor Pension Act (LPA), which is a state-managed defined contribution plan. Under the LPA, an entity makes monthly contributions to employees’ individual pension accounts at 6% of monthly salaries and wages.

b. Defined benefit plan

The defined benefit plan of the Company is operated by the government of the Republic of China (“ROC”) in accordance with the Labor Standards Act. Pension benefits are calculated on the basis of the length of service and average monthly salaries of the six months before retirement. The Company makes monthly contributions to a pension fund administered by the pension fund monitoring committee. Pension contributions are deposited in the Bank of Taiwan in the committee’s name.

• 32 -

Before the end of each year, the Company assesses the balance in the pension fund. If the amount of the balance in the pension fund is inadequate to pay retirement benefits for employees who conform to retirement requirements in the next year, the Company is required to fund the difference in one appropriation that should be made before the end of March of the next year. The pension fund is managed by the Bureau of Labor Funds, Ministry of Labor (the “Bureau”); the Company has no right to influence the investment policy and strategy.

The amounts included in the balance sheets in respect of the Company’s defined benefit plan were as follows:

Present value of defined benefit obligation Fair value of plan assets Net defined benefit liability Movements in net defined benefit liability (asset) were as follows: Present Value of the Defined Benefit Obligation Balance on January 1, 2024 $ 470,069 Service cost Current service cost 1,181 Past service cost 4,440 Net effects in employee transfer 2,289 Net interest expense (income) 5,876 Recognized in profit or loss 13,786 Remeasurement Return on plan assets (excluding amounts included in net interest) - Actuarial gain - changes in financial assumptions (8,852) Actuarial gain - experience adjustments (4,906) Recognized in other comprehensive income (13,758) Contributions from the employer - Benefits paid (25,572) Direct payment to employees (2,803) Balance on December 31, 2024 $ 441,722 Balance on January 1, 2025 $ 441,722 Service cost Current service cost 941 Past service cost 11,166 Net interest expense (income) 6,626 Recognized in profit or loss 18,733 Remeasurement Return on plan assets (excluding amounts included in net interest) -		December 31
	2025 2024 $ 441,496 $ 441,722 (348,571) (340,061) $ 92,925 $ 101,661 (Continued) Fair Value of the Plan Assets Net Defined Benefit Liability $ (293,629) $ 176,440 - 1,181 - 4,440 - 2,289 (3,738) 2,138 (3,738) 10,048 (26,174) (26,174) - (8,852) - (4,906) (26,174) (39,932) (42,092) (42,092) 25,572 - - (2,803) $ (340,061) $ 101,661 $ (340,061) $ 101,661 - 941 - 11,166 (5,197) 1,429 (5,197) 13,536 (23,324) (23,324)

• 33 -

	Present Value	Present Value
	of the Defined				Net Defined
		Benefit	Fair Value of			Benefit
	Obligation		the Plan Assets		Liability
Actuarial loss - changes in financial
assumptions	$	8,554	$	-	$	8,554
Actuarial loss - experience adjustments		5,781		-		5,781
Recognized in other comprehensive income		14,335		(23,324)		(8,989)
Contributions from the employer		-		(12,031)		(12,031)
Benefits paid		(32,042)		32,042		-
Direct payment to employees		(1,252)		-		(1,252)
Balance on December 31, 2025	$	441,496	$ (348,571)		$	92,925
						(Concluded)

Through the defined benefit plan under the Labor Standards Act, the Company is exposed to the following risks:

• 1) Investment risk: The plan assets are invested in domestic and foreign equity and debt securities, bank deposits, etc. The investment is conducted at the discretion of the Bureau or under the mandated management. However, in accordance with relevant regulations, the return generated by plan assets should not be below the interest rate for a 2-year time deposit with local banks.

• 2) Interest risk: A decrease in the government bond interest rate will increase the present value of the defined benefit obligation; however, this will be partially offset by an increase in the return on the plan’s debt investments.

• 3) Salary risk: The present value of the defined benefit obligation is calculated by reference to the future salaries of plan participants. As such, an increase in the salary of the plan participants will increase the present value of the defined benefit obligation.

The actuarial valuations of the present value of the defined benefit obligation were carried out by qualified actuaries. The significant assumptions used for the purposes of the actuarial valuations were as follows:

Discount rate Expected rate of salary increase	December 31
	2025 2024 1.250% 1.500% 3.250% 3.250%

If possible reasonable changes in each of the significant actuarial assumptions occur and all other assumptions remain constant, the present value of the defined benefit obligation will increase (decrease) as follows:

Discount rate 0.250% increase 0.250% decrease Expected rate of salary increase 0.250% increase 0.250% decrease		December	31
		2025 $ (8,554) $ 8,843 $ 8,535 $ (8,301)	2024 $ (8,590) $ 8,852 $ 8,556 $ (8,347)

• 34 -

The sensitivity analysis presented above may not be representative of the actual change in the present value of the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

The expected contributions to the plan for the next year The average duration of the defined benefit obligation		December	31
		2025 $ 12,436 8.8 years	2024 $ 12,865 8.3 years

21. EQUITY

• a. Share capital

Ordinary shares

Shares authorized (in thousands of shares) Shares authorized, par value of $10 (in thousands of NT$) Shares issued and fully paid (in thousands of shares) Shares issued (in thousands of NT$) Capital surplus May be used to offset a deficit, distributed as cash dividends, or transferred to share capital (1) Recognized from the difference between consideration received or paid and the carrying amount of the subsidiaries’ net assets during actual disposal or acquisition Recognized from treasury share transactions May be used to offset a deficit Changes in percentage of ownership interests in subsidiaries (2)		December 31	December 31	December 31
		2025 2024 920,000 920,000 $ 9,200,000 $ 9,200,000 915,089 915,089 $ 9,150,897 $ 9,150,897 December 31
			2025 $ 1 182,549 709 $ 183,259	2024 $ 1 173,212 709 $ 173,922

• b. Capital surplus

• 1) Such capital surplus may be used to offset a deficit; in addition, when the Company has no deficit, such capital surplus may be distributed as cash dividends or transferred to share capital (limited to a certain percentage of the Company’s capital surplus and to once a year).

• 2) Such capital surplus arises from the effect of changes in ownership interests in subsidiaries that result from equity transactions other than actual disposals or acquisitions, or from changes in capital surplus of subsidiaries accounted for using the equity method.

• 35 -

• c. Retained earnings and dividend policy

Under the dividend policy as set forth in the amended Articles, where the Company made profit in a fiscal year, the profit shall be appropriated from (less any paying taxes and deficit):

• 1) 10% thereof as legal reserve;

• 2) Special reserve provided or reversed in accordance with the regulations;

• 3) 30% to 100% of this the sum of the remainder and prior years’ unappropriated earnings as dividends.

The Company’s Articles of Incorporation also prescribe that 30% to 100% of dividends shall be paid in cash; however, if the Company has major investment plans for which external funds are not available, the percentage may be lowered to 5% to 20%. The distribution plan shall be proposed by the Company’s board of directors and resolved in the shareholders’ meeting for distribution of dividends and bonus to shareholders. For the policies on distribution of the compensation of employees and remuneration of directors after amendment, refer to Note 23(h) employees’ compensation and remuneration of directors.

Appropriation of earnings to legal reserve shall be made until the legal reserve equals the Company’s paid-in capital. Legal reserve may be used to offset deficit. If the Company has no deficit and the legal reserve has exceeded 25% of the Company’s paid-in capital, the excess may be transferred to capital or distributed in cash.

The appropriations of earnings for 2024 and 2023, which were resolved by in the shareholders in their meetings on June 19, 2025 and June 19, 2024, respectively, were as follows:

Legal reserve Cash dividends Cash dividends per share (NT$)	Appropriation of Earnings	Appropriation of Earnings	Appropriation of Earnings
	For the Year Ended December 31
		2024 $ 177,416 $ 1,281,125 $ 1.40	2023 $ 118,157 $ 1,143,862 $ 1.25

The appropriation of earnings for 2025, which were proposed by the Company’s board of directors on March 12, 2026, were as follows:

	Appropriation	Appropriation
	of	Earnings
Legal reserve	$	122,024
Special reserve	$	1,226,220
Cash dividends	$	1.34

The appropriation of earnings for 2025 will be resolved by the shareholders in their meeting to be held on June 17, 2026.

• 36 -

d. Special reserve

Balance on January 1 and December 31	For the Year Ended	For the Year Ended	December 31
		2025 $ 577,494	2024 $ 577,494

Appropriation for special reserve should be made in the amount equal to the net debit balance of other equity at the end of the reporting period. If there is a subsequent reversal of the net deduction of other shareholders’ equity, the special reserve reversed may be reverted to distribute the surplus.

e. Other equity items

• 1) Exchange differences on translation of the financial statements of foreign operations

Balance on January 1 Recognized for the year Exchange differences on translation of the financial statements of foreign operations Other comprehensive income recognized for the year Balance on December 31	For the Year Ended	For the Year Ended	December 31
		2025 $ (247,432) (118,989) (118,989) $ (366,421)	2024 $ (576,053) 328,621 328,621 $ (247,432)

• 2) Unrealized (loss) gain on financial assets at FVTOCI

Balance on January 1 Recognized for the year Unrealized (loss) gain - equity instruments Other comprehensive income recognized for the year Disposal of equity instruments transferred to the retained earnings Balance on December 31	**For the Year Ended **	**For the Year Ended **	December 31
		2025 $ 249,714 316,084 316,084 - $ 565,798	2024 $ 183,430 68,563 68,563 (2,279) $ 249,714

• f. Treasury shares

	Shares Held by
	Subsidiaries
	(In Thousands
Purpose of Buy-back	of Shares)
Number of shares at January 1, 2025 and December 31, 2025	6,669
Number of shares at January 1, 2024 and December 31, 2024	6,669

• 37 -

For the purpose of maintaining the Company’s credit and shareholders’ equity, the Company’s shares held by its subsidiaries at the end of the reporting periods were as follows:

Name of Subsidiary Number of Shares Held (In Thousands of Shares) December 31, 2025 Chang Hui 6,669 December 31, 2024 Chang Hui 6,669	Carrying Amount Market Price $ 21,182 $ 201,418 $ 21,182 $ 244,436

The Company’s shares held by subsidiaries were treated as treasury shares, aside from the rights to participate in any share issuance for cash and to vote, the rest were similar to general shareholders’ rights.

22. REVENUE

					For	For	the Year Ended December 31	the Year Ended December 31	the Year Ended December 31
							2025		2024
Revenue from contracts with customers
Revenue from sale of goods					$	12,188,324		$	12,384,997
a. Contract balances
		December 31,			December 31,			January 1,
				2025			2024		2024
Notes receivable (Note 10)		$		354	$		558	$	957
Trade receivables (Note 10)		$	1,693,969		$		1,868,502	$	1,885,032
Trade receivables from related	parties
(Note 28)		$		244,511	$		149,193	$	158,134
Contract liabilities - current
Sale of goods		$		40,720	$		4,471	$	14,871
b. Disaggregation of revenue
		Reportable Segments
		Nutritious		Cooking
		Foods		Products			Others		Total
For the year ended
December 31, 2025
Type of goods or services
Sale of goods	$	9,237,502	$	2,540,841		$	409,981	$	12,188,324
									(Continued)

• 38 -

For the year ended December 31, 2024 Type of goods or services Sale of goods		Reportable Segments Nutritious Foods Cooking Products Others $ 9,423,838 $ 2,529,331 $ 431,828	Reportable Segments Nutritious Foods Cooking Products Others $ 9,423,838 $ 2,529,331 $ 431,828	Total $ 12,384,997 (Concluded)
		Nutritious Foods $ 9,423,838	Cooking Products $ 2,529,331

23. NET PROFIT

Net Profit

a. Interest income Interest income Bank deposits Financial assets at amortized cost Repurchase agreements collateralized by bonds Loans to related parties Others b. Other income Royalties Dividends c. Other gains and losses Fair value changes of financial assets and financial liabilities Net gain on financial assets mandatorily classified as at FVTPL Net foreign exchange (losses) gains Net (loss) gain on disposal of property, plant and equipment Government grants Others	For the Year Ended	For the Year Ended	December 31
	2025 $ 16,055 31,293 489 1,833 3,234 $ 52,904 For the Year Ended		2024 $ 16,797 17,599 535 16,855 2,580 $ 54,366 December 31
	2025 $ 10,648 2,862 $ 13,510 **For the Year Ended **		2024 $ 9,554 6,636 $ 16,190 December 31
		2025 $ 52,799 (23,445) (70) 9,015 11,281 $ 49,580	2024 $ 70,521 67,154 1,453 3,455 2,009 $ 144,592

• 39 -

d. Finance costs

Interest on bank loans Interest on lease liabilities Other interest expenses e. Impairment loss (gain on reversal) Trade receivables Inventories (included in operating costs) f. Depreciation and amortization An analysis of depreciation by function Operating costs Operating expenses An analysis of amortization by function Operating costs Operating expenses g. Employee benefits expense Post-employment benefits Defined contribution plans Defined benefit plans (see Note 20) Other employee benefits Total employee benefits expense An analysis of employee benefits expense by function Operating costs Operating expenses	For the Year Ended	For the Year Ended	For the Year Ended	December 31
	2025 $ 71 779 28 $ 878 **For the Year Ended **			2024 $ 27 1,041 279 $ 1,347 December 31
	2025 $ (729) 15,362 $ 14,633 **For the Year Ended **			2024 $ 304 (13,005) $ (12,701) December 31
	2025 $ 151,174 64,060 $ 215,234 $ 10,275 20,540 $ 30,815 For the Year Ended			2024 $ 150,693 60,303 $ 210,996 $ 7,157 13,706 $ 20,863 December 31
		2025 $ 51,681 13,536 65,217 1,385,130 $ 1,450,347 $ 609,665 840,682 $ 1,450,347	2024 $ 43,956 10,048 54,004 1,332,926 $ 1,386,930 $ 586,834 800,096 $ 1,386,930

• 40 -

• h. Compensation of employees and remuneration of directors

The Company accrued compensation of employees and remuneration of directors at the rates of no less than 0.5% and no higher than 0.75%, respectively, of net profit before income tax, compensation of employees, and remuneration of directors. The compensation of employees and remuneration of directors for the years ended December 31, 2025 and 2024, which were approved by the Company’s board of directors on March 12, 2026 and March 11, 2025, respectively, were as follows:

Accrual rate

Compensation of employees Remuneration of directors Amount Compensation of employees Remuneration of directors	For the Year Ended December 31	For the Year Ended December 31
	2025 2024 1.34% 1.34% 0.55% 0.55% For the Year Ended December 31
	2025 Cash $ 19,566 8,031	2024
		Cash $ 28,146 11,553

If the amount changes after the financial statements are approved and announced to the public, the difference will be treated as a change in accounting estimate and recognized as a gain or loss in the following year.

There was no difference between the actual amounts of compensation of employees and remuneration of directors paid and the amounts recognized in the financial statements for the years ended December 31, 2024 and 2023.

Information on the compensation of employees and remuneration of directors resolved by the Company’s board of directors is available at the Market Observation Post System website of the Taiwan Stock Exchange.

• i. Gain or loss on foreign currency exchange

Foreign exchange gains Foreign exchange losses Net (losses) gains	For the Year Ended	For the Year Ended	December 31
		2025 $ 45,037 (68,482) $ (23,445)	2024 $ 108,593 (41,439) $ 67,154

• 41 -

24. INCOME TAXES

• a. Income tax recognized in profit or loss

Major components of income tax expense are as follows:

Current tax In respect of the current year Additional tax on unappropriated earnings Adjustments for prior years Deferred tax In respect of the current year Income tax expense recognized in profit or loss	For the Year Ended	For the Year Ended	December 31
		2025 $ 248,206 15,781 (896) 263,091 (39,423) $ 223,668	2024 $ 279,642 - (667) 278,975 48,024 $ 326,999

A reconciliation of accounting profit and income tax expenses is as follows:

b.	Profit before tax from continuing operations Income tax expense calculated at the statutory rate Nondeductible expenses in determining taxable income Tax-exempt income Additional tax on unappropriated earnings Adjustments for prior years’ tax Income tax expense recognized in profit or loss Income tax recognized in other comprehensive income Deferred tax In respect of the current year Translation of foreign operations Remeasurement of defined benefit plans Fair value changes of financial assets at FVTOCI Total (income) expense tax recognized in other comprehensive income	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 2024 $ 1,432,458 $ 2,060,963 $ 286,492 $ 412,193 7,614 9,318 (85,323) (93,845) 15,781 - (896) (667) $ 223,668 $ 326,999 For the Year Ended December 31
			2025 $ (29,710) 1,604 (820) $ (28,926)	2024 $ 82,155 7,476 2 $ 89,633

• 42 -

c. Current tax liabilities

Current tax liabilities Income tax payable		December 31	December 31
		2025 $ 130,026	2024 $ 127,418

d. Deferred tax assets and liabilities

The movements of deferred tax assets and deferred tax liabilities were as follows:

For the year ended December 31, 2025

					Recognized in	Recognized in
						Other
			Recognized in		Comprehensive
	Opening Balance		Profit or Loss			Income	Closing Balance
Deferred tax assets
Temporary differences
Investments accounted for using the equity method	$	58,253	$	(214)	$	-	$	58,039
Exchange differences on translation of the financial
statements of foreign operations		61,857		-		29,710		91,567
Defined benefit plans		60,804		50		(1,797)		59,057
Deferred sales returns and allowances		1,998		430		-		2,428
Allowance for inventory loss		4,751		3,072		-		7,823
FVTOCI financial assets		20,406		-		820		21,226
	$	208,069	$	3,338	$	28,733	$	240,140
Deferred tax liabilities
Temporary differences
Investments accounted for using the equity method	$	41,923	$	(34,401)	$	-	$	7,522
Reserve for land value increment tax		33,685		-		-		33,685
Defined benefit plans		1,251		-		(193)		1,058
Others		9,948		(1,684)		-		8,264
	$	86,807	$	(36,085)	$	(193)	$	50,529
For the year ended December 31, 2024
					Recognized in
						Other
			Recognized in		Comprehensive
	Opening Balance		Profit or Loss			Income	Closing Balance
Deferred tax assets
Temporary differences
Investments accounted for using the equity method	$	71,395	$	(13,142)	$	-	$	58,253
Exchange differences on translation of the financial
statements of foreign operations		144,012		-		(82,155)		61,857
Defined benefit plans		69,764		(973)		(7,987)		60,804
Deferred sales returns and allowances		2,203		(205)		-		1,998
Allowance for inventory loss		7,353		(2,602)		-		4,751
FVTOCI financial assets		20,408		-		(2)		20,406
	$	315,135	$	(16,922)	$	(90,144)	$	208,069
Deferred tax liabilities
Temporary differences
Investments accounted for using the equity method	$	20,653	$	21,270	$	-	$	41,923
Reserve for land value increment tax		33,685		-		-		33,685
Defined benefit plans		1,762		-		(511)		1,251
Others		116		9,832		-		9,948
	$	56,216	$	31,102	$	(511)	$	86,807

• 43 -

e. Income tax assessments

The income tax returns of the Company through 2023 have been assessed by the tax authorities.

25. EARNINGS PER SHARE

Unit: NT$ Per Share

Basic earnings per share Diluted earnings per share	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 $ 1.33 $ 1.33	2024 $ 1.91 $ 1.91

The earnings and weighted average number of ordinary shares outstanding in the computation of earnings per share were as follows:

Net Profit for the Year

Earnings used in the computation of basic earnings per share	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 $ 1,208,790	2024 $ 1,733,964

Shares

Weighted average number of ordinary shares used in computation of basic earnings per share Effect of potentially dilutive ordinary shares: Compensation of employees Weighted average number of ordinary shares used in the computation of diluted earnings per share	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 908,420 830 909,250	2024 908,420 898 909,318

The Company may settle compensation paid to employees in cash or shares; therefore, the Company assumes that the entire amount of the compensation will be settled in shares and the resulting potential shares are included in the weighted average number of shares outstanding used in the computation of diluted earnings per share, as the effect is dilutive. Such dilutive effect of the potential shares is included in the computation of diluted earnings per share until the number of shares to be distributed to employees is resolved in the following year.

26. CAPITAL MANAGEMENT

The Company’s capital management objective is to ensure financial resources are available and operating plans are in place for working capital, capital expenditures, research and development expenses, refund liabilities and dividend disbursement, etc. in the next twelve months. The Company manages its capital to ensure that entities in the Company and subsidiaries will be able to continue as going concerns while maximizing the return to shareholders through the optimization of the debt and equity balance.

• 44 -

27. FINANCIAL INSTRUMENTS

• a. Fair value of financial instruments measured at fair value on a recurring basis

• 1) Fair value hierarchy

December 31, 2025 Financial assets at FVTPL Listed shares Unlisted shares Mutual funds Note cash Financial assets at FVTOCI Investments in equity instruments Listed shares Unlisted shares December 31, 2024 Financial assets at FVTPL Listed shares Unlisted shares Mutual funds Note cash Financial assets at FVTOCI Investments in equity instruments Listed shares Unlisted shares	Level 1 $ 38,448 - 693,687 - $ 732,135 $ 130,141 - $ 130,141 Level 1 $ 37,526 - 959,099 - $ 996,625 $ 127,164 - $ 127,164	Level 2 $ - - - 131,444 $ 131,444 $ - - $ - Level 2 $ - - - 132,301 $ 132,301 $ - - $ -	Level 3 $ - 1,702 - - $ 1,702 $ - 843,281 $ 843,281 Level 3 $ - 1,403 - - $ 1,403 $ - 545,685 $ 545,685	Total $ 38,448 1,702 693,687 131,444
				$ 865,281
				$ 130,141 843,281
				$ 973,422
				Total $ 37,526 1,403 959,099 132,301
				$ 1,130,329
				$ 127,164 545,685
				$ 672,849

There were no transfers between Levels 1 and 2 for the years ended December 31, 2025 and 2024.

• 45 -

• 2) Reconciliation of Level 3 fair value measurements of financial instruments

For the year ended December 31, 2025

Financial Assets Balance on January 1, 2025 Recognized in profit or loss (included in other gains and losses) Recognized in other comprehensive income (included in unrealized gain (loss) on financial assets at FVTOCI) Purchases Proceeds from capital reduction Balance on December 31, 2025 Recognized in other gains and losses - unrealized For the year ended December 31, 2024 Financial Assets Balance on January 1, 2024 Recognized in profit or loss (included in other gains and losses) Recognized in other comprehensive income (included in unrealized gain (loss) on financial assets at FVTOCI) Purchases Balance on December 31, 2024 Recognized in other gains and losses - unrealized	Financial Assets at FVTPL Equity Instruments $ 1,403 299 - - - $ 1,702 $ 299 Financial Assets at FVTPL Equity Instruments $ 2,028 (625) - - $ 1,403 $ (625)	Financial Assets at FVTOCI Equity Instruments $ 545,685 - 297,738 10,000 (10,142) $ 843,281 Financial Assets at FVTOCI Equity Instruments $ 19,474 - 86,461 439,750 $ 545,685	Total $ 547,088 299 297,738 10,000 (10,142) $ 844,983 $ 299 Total $ 21,502 (625) 86,461 439,750 $ 547,088 $ (625)

• 3) Valuation techniques and inputs applied for Level 2 fair value measurement

Financial Instrument Valuation Technique and Inputs Note cash Discounted cash flow.

Future cash flows are discounted at a rate that reflects current borrowing interest rates of the bond issuers at the end of the year.

• 46 -

• 4) Valuation techniques and inputs applied for Level 3 fair value measurement

The valuation techniques of unlisted shares with no active market are mainly applicable for market and asset valuation methods.

The market method is mainly used to value the fair value of investment objects’ market prices and environments.

The asset method is mainly utilized to value the fair value of investment objects’ net asset values.

• b. Categories of financial instruments

Financial assets Financial assets at FVTPL Mandatorily classified as at FVTPL Financial assets at amortized cost (1) Financial assets at FVTOCI Equity instruments Financial liabilities Financial liabilities at amortized cost (2)	December 31
	2025 2024 $ 865,281 $ 1,130,329 3,689,063 4,342,906 973,422 672,849 991,431 936,897

• 1) The balances include financial assets at amortized cost, which comprise cash and cash equivalents, notes receivable, trade receivables, trade receivables from related parties, other receivables and other receivables from related parties and refundable deposits.

• 2) The balances include financial liabilities measured at amortized cost, which comprise notes payable, trade payables, trade payables to related parties, other payables to related parties, payables for purchases of equipment and guarantee deposits.

• c. Financial risk management objectives and policies

The Company’s major financial instruments include cash and cash equivalents, equity and debt investments, mutual funds, trade receivables and trade payables. The Company’s Financial Department provides services to the business, coordinates access to financial markets, monitors and manages the financial risks relating to the operations of the Company through internal risk reports which analyze exposures by degree and magnitude of risks. These risks include market risk (including currency risk, interest rate risk and other price risk), credit risk and liquidity risk.

1) Market risk

The Company’s activities exposed it primarily to the financial risks of changes in foreign currency exchange rates (see (a) below) and interest rates (see (b) below).

• a) Foreign currency risk

The Company’s foreign currency risk arises from its monetary assets and monetary liabilities denominated in currencies other than the functional currency. The Company watches out for the fluctuation of market exchange rates, and takes appropriate actions to manage the exchange rate risk.

• 47 -

For the monetary assets and liabilities of the Company denominated in non-functional currencies on the balance sheet date, refer to Note 30.

Sensitivity analysis

The Company was mainly exposed to the RMB, USD, EUR, AUD, CHF, SGD and JPY.

The following table details the Company’s sensitivity to a 3% increase or decrease in New Taiwan dollars (the functional currency) against the relevant foreign currencies. A change of 3% is the sensitivity rate used when reporting foreign currency risk internally to key management personnel and represents management’s assessment of the reasonably possible change in foreign exchange rates. The sensitivity analysis used the outstanding foreign currency denominated monetary items at the end of the reporting period and assumed the exchange rates at the end of the reporting period changed by 3% increase or decrease. The amount below indicates an increase (decrease) in pre-tax profit associated with the New Taiwan dollar weakening 3% against the relevant currency. For a 3% strengthening of New Taiwan dollars against the relevant currency, there would be an equal and opposite impact on pre-tax profit and the balances below would be negative.

Profit or loss Profit or loss Profit or loss Profit or loss	RMB Impact For the Year Ended December 31 2025 2024 $ 29,132 (i) $ 29,137 (i) EUR Impact For the Year Ended December 31 2025 2024 $ 737 (iii) $ (32)(iii) CHF Impact For the Year Ended December 31 2025 2024 $ 2,170 (v) $ 762 (v) JPY Impact For the Year Ended December 31 2025 2024 $ (151)(vii) $ -(vii)	USD Impact
		For the Year Ended December 31
		2025 2024 $ 1,718 (ii) $ 5,354 (ii) AUD Impact
		For the Year Ended December 31
		2025 2024 $ 1,250 (iv) $ 2,826 (iv) SGD Impact
		For the Year Ended December 31
		2025 2024 $ (120)(vi) $ (49)(vi)

• i. This was mainly attributable to the exposure of outstanding RMB-denominated bank deposits, receivables and payables which were not hedged at the end of the reporting period.

• ii. This was mainly attributable to the exposure of outstanding USD-denominated bank deposits, receivables and payables which were not hedged at the end of the reporting period.

• iii. This was mainly attributable to the exposure of outstanding EUR-denominated bank deposits, receivables and payables which were not hedged at the end of the reporting period.

• 48 -

• iv. This was mainly attributable to the exposure of outstanding AUD-denominated bank deposits, receivables and payables which were not hedged at the end of the reporting period.

• v. This was mainly attributable to the exposure of outstanding CHF-denominated bank deposits and receivables which were not hedged at the end of the reporting period.

• vi. This was mainly attributable to the exposure of outstanding SGD-denominated bank deposits and payables which were not hedged at the end of the reporting period.

• vii. This was mainly attributable to the exposure of outstanding JPY-denominated bank deposits and payables which were not hedged at the end of the reporting period.

• b) Interest rate risk

The carrying amounts of the Company’s financial assets and financial liabilities with exposure to interest rates at the end of the reporting periods were as follows.

Fair value interest rate risk Financial assets Financial liabilities	December 31
	2025 2024 $ 1,033,271 $ 2,186,203 49,219 76,520

Sensitivity analysis

The sensitivity analyses below were determined based on the Company’s exposure to interest rates for non-derivative instruments at the end of the reporting period. For floating rate assets, the analysis was prepared assuming the amount of the asset outstanding at the end of the reporting period was outstanding for the whole year. A 1% basis point increase or decrease was used when reporting interest rate risk internally to key management personnel and represents management’s assessment of the reasonably possible change in interest rates.

If interest rates had been 1% higher/lower and all other variables were held constant, the Company’s pre-tax profit for the years ended December 31, 2025 and 2024 would have increased/decreased by $0 thousand and $0 thousand, respectively.

c) Other price risk

The Company was exposed to equity price risk due to its investments in listed equity securities and mutual funds. The Company has appointed a special team to monitor the price risk and will consider hedging the risk exposure should the need arise.

Sensitivity analysis

The sensitivity analyses below were determined based on the exposure to equity price risks at the end of the reporting period.

If equity prices had been 1% higher/lower, pre-tax profit for the years ended December 31, 2025 and 2024 would have increased/decreased by $8,653 thousand and $11,303 thousand, respectively, as a result of the changes in fair value of financial assets at FVTPL, and the pre-tax other comprehensive income for the years ended December 31, 2025 and 2024 would have increased/decreased by $9,734 thousand and $6,728 thousand, respectively, as a result of the changes in fair value of financial assets at FVTOCI.

• 49 -

2) Credit risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the Company. As of the balance sheet date, the Company’s maximum exposure to credit risk which will cause a financial loss to the Company (specifically, the maximum amount of irrevocable exposure without taking into consideration the effect of collaterals and other credit enhancements) due to failure of counterparties to discharge an obligation and due to financial guarantees provided by the Company could arise from:

• a) The carrying amount of the respective recognized financial assets as stated in the balance sheets; and

• b) The amount of contingent liabilities in relation to financial guarantees issued by the Company.

In order to minimize credit risk, management of the Company has delegated a team responsible for determining credit limits, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. In addition, the Company reviews the recoverable amount of each individual trade receivable at the end of the reporting period to ensure that adequate allowances are made for irrecoverable amounts.

The Company’s concentration of credit risk of 67% and 71% in total trade receivables as of December 31, 2025 and 2024, was related to the Company’s four largest customers.

• 3) Liquidity risk

The Company manages liquidity risk by monitoring and maintaining a level of cash and cash equivalents deemed adequate to finance the Company’s operations and mitigate the effects of fluctuations in cash flows. In addition, management monitors the utilization of bank borrowings and ensures compliance with loan covenants.

The Company relies on bank borrowings as a significant source of liquidity. As of December 31, 2025 and 2024, the Company had available unutilized bank loan facilities in the amounts of $2,289,619 thousand and $2,365,679 thousand, respectively.

Liquidity and interest rate risk tables for non-derivative financial liabilities

The following table details the Company’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The table has been drawn up based on the undiscounted cash flows of financial liabilities from the earliest date on which the Company can be required to pay. The table included both interest and principal cash flows. Specifically, bank loans with a repayment on demand clause were included in the earliest time band regardless of the probability of the banks choosing to exercise their rights. The maturity dates for other non-derivative financial liabilities were based on the agreed repayment dates.

To the extent that interest flows are at floating rates, the undiscounted amount was derived from interest rate curve at the end of the reporting period.

• 50 -

December 31, 2025

On Demand or Less than 1 Month 1-3 Months 3 Months to 1 Year 1-5 Years Non-interest bearing $ 317,472 $ 604,656 $ 68,469 $ 150 Lease liabilities 4,190 8,191 23,263 14,156 Contract liabilities 13,574 27,146 - - $ 335,236 $ 639,993 $ 91,732 $ 14,306 December 31, 2024 On Demand or Less than 1 Month 1-3 Months 3 Months to 1 Year Non-interest bearing $ 295,223 $ 587,000 $ 53,923 Lease liabilities 3,658 7,253 32,219 Contract liabilities 1,490 2,981 - $ 300,371 $ 597,234 $ 86,142

5-10 Years $ - 50 - $ 50 1-5 Years $ 150 34,249 - $ 34,399

The amount included above for variable interest rate instruments of non-derivative financial liabilities were subject to change if variable interest rates differ from those estimates of interest rates determined at the end of the reporting period.

28. TRANSACTIONS WITH RELATED PARTIES

The transactions between the Company and its related parties, other than those disclosed in other notes, are summarized as follows:

• a. Related parties and relationships

Name of Related Party Standard Dairy Products Charng Hui Company Limited NUTRA Dermalab S.A. (Dermalab) GeneFerm Biotechnology Co., Ltd. (“GeneFerm”) H2U Corporation Sancci Manufacture Food Company	Relationship with the Company
	Subsidiary Subsidiary Subsidiary Subsidiary The Company is one of the directors The Company is one of the directors The Company is one of the directors

• 51 -

b. Sales of goods

Line Items Related Party Category/Name Sales Subsidiaries Standard Dairy Products NUTRA The Company is one of the directors GeneFerm H2U Corporation	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 $ 1,750,744 2,652 246 35,257 $ 1,788,899	2024 $ 1,641,683 - 285 12,802 $ 1,654,770

Sales to related parties were conducted on normal commercial terms.

• c. Purchases of goods

Related Party Category/Name Subsidiaries Standard Dairy Products The Company is one of the directors GeneFerm H2U Corporation Sancci Manufacture Food Company	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 $ 1,135,654 60,823 - 128,839 $ 1,325,316	2024 $ 1,143,482 40,590 63 48,989 $ 1,233,124

Purchases from related parties were conducted on normal commercial terms.

• d. Receivables from related parties

Line Items Related Party Category/Name Trade receivables Subsidiaries Standard Dairy Products The Company is one of the directors GeneFerm H2U Corporation Other receivables Subsidiaries Standard Dairy Products Charng Hui Dermalab		December 31	December 31
		2025 $ 235,943 102 8,466 $ 244,511 $ 9,403 54,121 72,337 $ 135,861	2024 $ 141,253 119 7,821 $ 149,193 $ 3,965 26,619 25,386 $ 55,970

The outstanding receivables from related parties are unsecured. For the years ended December 31, 2025 and 2024, no impairment loss was recognized on receivables from related parties.

• 52 -

• e. Payables to related parties

Line Items Related Party Category/Name Trade payables The Company is one of the directors GeneFerm H2U Corporation Sancci Manufacture Food Company Other payables The held company as its director H2U Corporation		December 31	December 31
		2025 $ 17,325 - 17,002 $ 34,327 $ 684	2024 $ 12,555 9 2,137 $ 14,701 $ 602

The outstanding payables from related parties are unsecured.

• f. Loans to related parties (included in other receivables from related parties)

g.	Related Party Category/Name Subsidiary Charng Hui Dermalab Interest expenses Related Party Category/Name Subsidiary Charng Hui China Standard Foods Xiamen Standard Foods Dermalab Endorsements and guarantees Endorsements and guarantees provided by the Company Related Party Category/Name Subsidiaries Charng Hui Amount endorsed Amount utilized		December 31	December 31
		2025 2024 $ 54,000 $ 26,500 72,337 25,386 $ 126,337 $ 51,886 For the Year Ended December 31
			2025 2024 $ 817 $ 849 - 5,809 - 10,197 1,016 - $ 1,833 $ 16,855 December 31
			2025 $ 94,290 $ -	2024 $ 98,355 $ -

• 53 -

• h. Other transactions with related parties

Line Items Related Party Category/Name Royalty revenue Subsidiaries Standard Dairy Products Service revenue Subsidiaries Charng Hui	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 $ 10,648 $ 1,320	2024 $ 9,554 $ 1,320

• i. Remuneration of key management personnel

Short-term employee benefits Post-employment benefits	For the Year Ended December 31	For the Year Ended December 31	For the Year Ended December 31
		2025 $ 19,772 668 $ 20,440	2024 $ 27,204 681 $ 27,885

The remuneration of directors and key executives was determined by the remuneration committee based on the performance of individuals and market trends.

29. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED CONTRACT COMMITMENTS

In addition to those disclosed in other notes, significant commitments and contingencies of the Company as of December 31, 2025 were as follows:

• a. The Company has entered into a license agreement with The Quaker Oats Company (“Quaker”) for a period ending July 11, 2034. The agreement provides that the Company may use Quaker’s trademark, and process, manufacture, market and sell Quaker baby cereal, oatmeal, fruit cereal, ready-to-eat cereal, sesame paste, milk powder and other cereal products in the ROC. In consideration of the above, the Company shall pay Quaker royalties at an agreed percentage of net sales (as defined).

• b. Unrecognized commitments for acquisition of property, plant and equipment of approximately $251,672 thousand.

• c. Unrecognized commitments for acquiring approximately 18,169 tons of colostrum from dairymen.

• 54 -

30. SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

The significant assets and liabilities denominated in foreign currencies other than functional currency of the Company and the exchange rates between foreign currencies and functional currency were as follows:

December 31, 2025

Foreign Currency Exchange Rate Financial assets Monetary items USD $ 1,999 31.43 (USD:NTD) EUR 728 36.90 (EUR:NTD) RMB 217,245 4.47 (RMB:NTD) AUD 2,448 21.01 (AUD:NTD) CHF 1,826 39.62 (CHF:NTD) Non-monetary items Investments accounted for using the equity method USD 4,028 31.43 (USD:NTD) RMB 1,865,329 4.47 (RMB:NTD) Financial liabilities Monetary items USD 176 31.43 (USD:NTD) EUR 63 36.90 (EUR:NTD) RMB 84 4.47 (RMB:NTD) AUD 466 21.01 (AUD:NTD) JPY 24,992 0.20 (JPY:NTD) SGD 163 24.45 (SGD:NTD) December 31, 2024 Foreign Currency Exchange Rate Financial assets Monetary items USD $ 5,661 32.79 (USD:NTD) RMB 212,949 4.56 (RMB:NTD) AUD 5,050 20.39 (AUD:NTD) CHF 700 36.26 (CHF:NTD)

Carrying Amount $ 62,814 26,881 971,434 51,438 72,337 $ 1,184,904 $ 126,587 8,342,124 $ 8,468,711 $ 5,539 2,330 375 9,786 5,018 3,986 $ 27,034 Carrying Amount $ 185,596 971,219 102,971 25,387 $ 1,285,173 (Continued)

• 55 -

Foreign Currency Exchange Rate Non-monetary items Investments accounted for using the equity method USD $ 800 32.79 (USD:NTD) RMB 1,898,936 4.56 (RMB:NTD) SGD 411 24.13 (SGD:NTD) Financial liabilities Monetary items USD 217 32.78 (USD:NTD) EUR 31 34.14 (EUR:NTD) AUD 430 20.39 (AUD:NTD) SGD 67 24.13 (SGD:NTD)	Carrying Amount $ 26,228 8,661,141 9,911
	$ 8,697,280
	$ 7,119 1,057 8,768 1,627
	$ 18,571

(Concluded)

The significant realized and unrealized foreign exchange gains (losses) were as follows:

For the Year Ended December 31

Foreign Currency USD RMB EUR AUD CHF SGD Others	2025 Exchange Rate Net Foreign Exchange Gains (Losses) 31.18 (USD:NTD) $ (14,344) 4.36 (RMB:NTD) (19,046) 35.18 (EUR:NTD) 1,918 20.09 (AUD:NTD) 593 37.54 (CHF:NTD) 6,612 23.85 (SGD:NTD) 745 77 $ (23,445)	2024
		Exchange Rate Net Foreign Exchange Gains (Losses) 32.11 (USD:NTD) $ 18,124 4.51 (RMB:NTD) 47,803 34.74 (EUR:NTD) 6,330 21.19 (AUD:NTD) (3,914) 36.47 (CHF:NTD) (153) 24.04 (SGD:NTD) (759) (277) $ 67,154

31. SEPARATELY DISCLOSED ITEMS

• a. Information about significant transactions and investees:

• 1) Financings provided to others: (Table 1)

• 2) Endorsement/guarantee provided to others: (Table 2)

• 3) Significant marketable securities held (excluding investments in subsidiaries): (Table 3)

• 4) Total purchases from or sales to related parties amounting to at least NT$100 million or 20% of the paid-in capital: (Table 4).

• 56 -

• 5) Receivables from related parties amounting to at least NT$100 million or 20% of the paid-in capital: (Table 5).

• b. Information on reinvestments (excluding investees in mainland China): (Table 6).

• c. Information on investment in mainland China

• 1) The name of the investee in mainland China, the main businesses and products, its issued capital, the method of investment, information on inflow or outflow of capital, percentage of ownership, income (losses) of the investee, share of profits/losses of investee, ending balance, amount received as dividends from the investee, and the limitation on investee: (Table 7)

• 2) Significant direct or indirect transactions (through a third region) with the investee, its prices and terms of payment, unrealized gain or loss: None.

• 57 -

TABLE 1

STANDARD FOODS CORPORATION

FINANCING PROVIDED TO OTHERS FOR THE YEAR ENDED DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

No. (Note 1)	Lender	Borrower	Financial Statement Account	Related Parties	Highest Balance for the Period	Ending Balance	Actual Borrowing Amount	Interest Rate	Nature of Financing (Note 2)	Business Transaction Amounts	Reasons for Short-term Financing	Allowance for Impairment Loss	Collateral	Collateral	Financing Limit for Each Borrower	Aggregate Financing Limits	Note
													Item	Value
0	Standard Foods Corporation	Standard Foods (Xiamen) Co., Ltd. Charng Hui Dermalab S.A.	Financing receivables - related parties Financing receivables - related parties Financing receivables - related parties	Y Y Y	$ 457,490 150,000 141,252	$ - 150,000 72,337	$ - 54,000 72,337	2.300% 2.000%- 2.300% 2.000%	b. b. b.	$ - - -	Need for operation Need for operation Need for operation	$ - - -	- - -	$ - - -	$ 3,571,557 (Note 3) 3,571,557 (Note 3) 7,143,114 (Note 5)	$ 7,143,114 (Note 4) 7,143,114 (Note 4) 7,143,114 (Note 5)	Note 11 Note 11 Note 11
1	Standard Investment (China) Co., Ltd.	Shanghai Dermalab Corporation Shanghai Le Ben Tuo Health Technology Co., Ltd. Standard Foods (Xiamen) Co., Ltd. Standard Foods (China) Co., Ltd.	Financing receivables - related parties Financing receivables - related parties Financing receivables - related parties Financing receivables - related parties	Y Y Y Y	231,290 536,592 555,096 89,432	223,580 536,592 402,444 89,432	165,744 367,709 272,007 82,917	2.650% 2.650% 2.650% 2.650%	b. b. b. b.	- - - -	Need for operation Need for operation Need for operation Need for operation	- - - -	- - - -	- - - -	1,504,851 (Note 6) 1,504,851 (Note 6) 1,504,851 (Note 6) 1,504,851 (Note 6)	1,504,851 (Note 6) 1,504,851 (Note 6) 1,504,851 (Note 6) 1,504,851 (Note 6)	Note 11 Note 11 Note 11 Note 11
2	Shanghai Standard Foods Co., Ltd.	Standard Investment (China) Co., Ltd. Standard Foods (Xiamen) Co., Ltd. Standard Foods (China) Co., Ltd. Jiangsu Hua Sun Health Technology Co., Ltd.	Financing receivables - related parties Financing receivables - related parties Financing receivables - related parties Financing receivables - related parties	Y Y Y Y	670,741 402,444 231,290 245,938	447,160 402,444 - 245,938	75,458 214,637 - -	2.650% 2.650% 2.650% 2.650%	b. b. b. b.	- - - -	Need for operation Need for operation Need for operation Need for operation	- - - -	- - - -	- - - -	1,383,552 (Note 7) 1,383,552 (Note 7) 1,383,552 (Note 7) 1,383,552 (Note 7)	1,383,552 (Note 7) 1,383,552 (Note 7) 1,383,552 (Note 7) 1,383,552 (Note 7)	Note 11 Note 11 Note 11 Note 11
3	Shanghai Le Ho Industrial Co., Ltd.	Standard Investment (China) Co., Ltd. Shanghai Le Ben Tuo Health Technology Co., Ltd.	Financing receivables - related parties Financing receivables - related parties	Y Y	55,510 89,432	- 89,432	- 51,871	2.650% 2.650%	b. b.	- -	Need for operation Need for operation	- -	- -	- -	171,328 (Note 8) 171,328 (Note 8)	171,328 (Note 8) 171,328 (Note 8)	Note 11 Note 11
4	Shanghai Le Min Industrial Co., Ltd.	Standard Investment (China) Co., Ltd. Shanghai Le Ben Tuo Health Technology Co., Ltd.	Financing receivables - related parties Financing receivables - related parties	Y Y	55,510 89,432	- 89,432	- 34,655	2.650% 2.650%	b. b.	- -	Need for operation Need for operation	- -	- -	- -	107,344 (Note 9) 107,344 (Note 9)	107,344 (Note 9) 107,344 (Note 9)	Note 11 Note 11
5	Shanghai Le Ben De Health Technology Co., Ltd.	Shanghai Le Ben Tuo Health Technology Co., Ltd.	Financing receivables - related parties	Y	13,415	13,415	13,415	2.650%	b.	-	Need for operation	-	-	-	13,598 (Note 10)	13,598 (Note 10)	Note 11

• Note 1: “0” for the Company, subsidiaries are numbered from “1”.

• Note 2: Reasons for financing are as follows:

• a. Please fill in 1 for having business transactions.

• b. Please fill in 2 for short-term financing.

• Note 3: The single limit is calculated based on 20% of the net worth of the latest financial statements of Standard Foods Corporation, which was calculated to be $3,571,557 thousand (the net value per financial statements of $17,857,785 thousand x 20% as of September 30, 2025).

• Note 4: The maximum limit is calculated based on 40% of the net worth of the latest financial statements of Standard Foods Corporation, which was calculated to be $7,143,114 thousand (the net value per financial statements of $17,857,785 thousand x 40% as of September 30, 2025).

• Note 5: The single and maximum limit is calculated based on 40% of the net worth of the latest financial statements of Standard Foods Corporation., which was calculated to be $7,143,114 thousand (the net value per financial statements of $17,857,785 thousand x 40% as of September 30, 2025).

• Note 6: The single and maximum limit is calculated based on 40% of the net worth of the latest financial statements of Shanghai Investment (China) Co., Ltd., which was calculated to be $1,504,851 thousand (the net value per financial statements of $3,762,128 thousand x 40% as of September 30, 2025).

(Continued)

• 58 -

(Concluded)

Note 7: The single and maximum limit is calculated based on 40% of the net worth of the latest financial statements of Shanghai Standard Foods Co., Ltd., which was calculated to be $1,383,552 thousand (the net value per financial statements of $3,458,881 thousand x 40% as of September 30, 2025).

Note 8: The single and maximum limit is calculated based on 40% of the net worth of the latest financial statements of Shanghai Le Ho Industrial Co., Ltd., which was calculated to be $171,328 thousand (the net value per financial statements of $428,320 thousand x 40% as of September 30, 2025).

Note 9: The single and maximum limit is calculated based on 40% of the net worth of the latest financial statements of Shanghai Le Min Industrial Co., Ltd., which was calculated to be $107,344 thousand (the net value per financial statements of $268,361 thousand x 40% as of September 30, 2025).

Note 10: The single and maximum limit is calculated based on 40% of the net worth of the latest financial statements of Shanghai Le Ben De Health Technology Co., Ltd., which was calculated to be $13,598 thousand (the net value per financial statements of $33,996 thousand x 40% as of September 30, 2025).

Note 11: The amounts presented above were eliminated upon consolidation.

• 59 -

TABLE 2

STANDARD FOODS CORPORATION

ENDORSEMENTS/GUARANTEES PROVIDED FOR THE YEAR ENDED DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

No. (Note 1)	Endorsement/Guarantee Provider	Guaranteed Party	Guaranteed Party	Limits on Endorsement/ Guarantee Amount Provided to Each Guaranteed Party	Maximum Balance for the Period	**Ending Balance **	Amount Actually Drawn	Amount of Endorsement/ Guarantee Collateralized by Properties	Ratio of Accumulated Endorsement/ Guarantee to Net Equity per Latest Financial Statements	Maximum Endorsement/ Guarantee Amount	Guarantee Provided by Parent Company (Note 5)	Guarantee Provided by Subsidiary (Note 5)	Guarantee Provided to Subsidiaries in Mainland China (Note 5)	Note
		Name	Nature of Relationship (Note 2)
0	Standard Foods Corporation	Charng Hui	b.	$ 14,286,228 (Note 3)	$ 99,615	$ 94,290	$ -	$ -	0.53%	$ 17,857,785 (Note 4)	Y	-	-

• Note 1: “0” for the Company, subsidiaries are numbered from “1”.

• Note 2: There are seven types of relationships between the guaranteed party and the Company:

• a. Trading partner.

• b. The company in which the Company holds, directly or indirectly, more than fifty percent (50%) of the voting shares.

• c. The company that holds, directly or indirectly, more than fifty percent (50%) of the Company’s voting shares.

• d. The company in which the Company holds, directly or indirectly, more than fifty percent (90%) of the voting shares.

• e. Guaranteed by construction contracts formed due to the need of construction projects, in which the companies in the same industry or joint builders provide endorsement/guarantee to one another.

• f. The guarantees were provided based on the Company’s proportionate share in a jointly invested company.

• g. Companies in the same industry provide among themselves joint and several securities for a performance guarantee of a sales contract for pre-construction homes pursuant to the Consumer Protection Act for each other.

• Note 3: The single enterprise’s limit is calculated based on 80% of the net worth of the latest financial statements of Standard Foods Corporation, which is $14,286,228 thousand (the net value per financial statements of $17,857,785 thousand x 80% as of September 30, 2025).

• Note 4: The maximum limit is calculated based on 100% of the net worth of the latest financial statements of Standard Foods Corporation, which is $17,857,785 thousand (the net value per financial statements of $17,857,785 thousand x 100% as of September 30, 2025).

• Note 5: Guarantee provided by the listed parent company, guarantee provided by the subsidiary or guarantee provided to subsidiaries in mainland China, coded “Y”.

• 60 -

TABLE 3

STANDARD FOODS CORPORATION

SIGNIFICANT MARKETABLE SECURITIES HELD DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		December 31, 2025	December 31, 2025		Note
				Shares	Carrying Amount	Percentage of Ownership	Fair Value
Standard Foods Corporation	Shares Far Eastern International Commercial Bank Co., Ltd. Chunghwa Telecom Co., Ltd. GeneFerm Biotechnology Co., Ltd. Dah Chung Bills Finance Corp. H2U Corporation Sancci Manufacture Food Company NVIDIA Corporation AbbVie Inc. Berkshire Hathaway Inc. Costco Wholesale Corporation Alphabet Inc. Johnson & Johnson JPMorgan Chase & Co. Eli Lilly and Company The Procter & Gamble Company T-Mobile US, Inc. UnitedHealth Group Incorporated Walmart Inc. Taiwan Semiconductor Manufacturing Co., Ltd.	The Company is one of the directors The Company is one of the directors The Company is one of the directors	Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current	1,579,575 48,600 2,145,110 1,338,204 6,398,723 1,286,786 272 277 165 81 179 340 284 109 558 342 275 911 5,670	$ 20,298 6,342 103,501 20,796 624,963 197,522 1,594 1,989 2,607 2,195 1,766 2,212 2,876 3,682 2,513 2,183 2,853 3,190 8,788	- - 5.2 0.3 15.3 10.0 - - - - - - - - - - - - -	$ 20,298 6,342 103,501 20,796 624,963 197,522 1,594 1,989 2,607 2,195 1,766 2,212 2,876 3,682 2,513 2,183 2,853 3,190 8,788

(Continued)

• 61 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		December 31, 2025	December 31, 2025		Note
				Shares	Carrying Amount	Percentage of Ownership	Fair Value
	Mutual funds UPAMC James Bond Money Market Fund Cathay China Domestic Demand Growth Fund Cathay Target Date 2029 Fund Fubon Money Market Fund Cathay Global Aggressive Fund Yuanta FTSE4Good TIP Taiwan ESG ETF Note cash HSBC Holdings USD Bond (HSBC_4.3_030826) TSMC Unsecured Corporate Bond 2023 2nd Offering The 3rd unsecured corporate bonds of Far Eastern New Century Corp. in 2024 (Far Eastern New Century Corporation 7th Unsecured Corporate Bond-A Issue In 2024) Shares Paradigm Venture Capital Corporation U-Teck Environment Corporation, Ltd. Techgains Pan-Pacific Corporation Authenex, Inc. Octamer, Inc. - Series E Preferred Stock Octamer, Inc. - Series F Preferred Stock Fortemedia, Inc. - Series D Preferred Stock Fortemedia, Inc. - Series E Preferred Stock Fortemedia, Inc. - Series F Preferred Stock Fortemedia, Inc. - Series G Preferred Stock Fortemedia, Inc. - Series I Preferred Stock Fortemedia, Inc. - Common Stock		Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current	10,392,487 3,585,869 4,720,915 15,275,951 2,284,844 300,000 10,000 500,000 500,000 153,320 11,200 500,000 2,424,242 800,000 107,815 3,455 71,397 29,173 31,135 29,102 12,938	$ 183,552 92,049 79,466 239,966 82,049 16,605 31,446 49,999 49,999 1,702 - - - - - - - - - - -	- - - - - - - - - 7.0 0.2 0.9 5.5 7.8 1.0 1.2 1.2 1.2 1.3 1.3 1.2	$ 183,552 92,049 79,466 239,966 82,049 16,605 31,446 49,999 49,999 1,702 - - - - - - - - - - -

(Continued)

• 62 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		December 31, 2025	December 31, 2025		Note
				Shares	Carrying Amount	Percentage of Ownership	Fair Value
Standard Dairy Products Taiwan Limited Charng Hui Company Ltd. Standard Beverage Company Limited Accession Limited SF NUTRA PTE. LTD. China Standard Investment	Mutual funds Taishin Ta-Chong Money Market Fund FSITC Taiwan Money Market Fund Cathay China Domestic Demand Growth Fund Cathay Target Date 2029 Fund Cathay Global Aggressive Fund Shares Standard Foods Corporation Polytronics Technology Corp. Taiwan Semiconductor Manufacturing Co., Ltd. Mutual funds Fuh Hwa Global Strategic Allocation FoF Franklin Templeton SinoAm Franklin Templeton Global Bond Fund of Funds-Accu. Shares Amphastar Pharmaceuticals Inc. (AMPH) Mutual funds Taishin 1699 Money Market Fund Shares AsiaVest Liquidation Co. Shares Hello Health Holdings Pte. Ltd. Shares Better Life Commercial Chain Share Co., Ltd. Mutual funds JPMorgan Funds	Parent of Charng Hui Ltd. Charng Hui Ltd. is one of the directors	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current	3,665,854 3,411,653 1,195,290 786,819 761,615 6,669,471 1,596,000 90,000 1,000,000 1,453,360 7,742 1,993,156 200 27,033 1,143,000 20,428,611	$ 55,155 55,299 30,683 13,244 27,350 201,418 68,628 139,500 15,870 20,006 6,517 28,640 1,077 27,350 27,140 91,385	- - - - - 0.7 1.9 - - - - - 0.7 2.2 - -	$ 55,155 55,299 30,683 13,244 27,350 201,418 68,628 139,500 15,870 20,006 6,517 28,640 1,077 27,350 27,140 91,385	Note

(Continued)

• 63 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		December 31, 2025	December 31, 2025		Note
				Shares	Carrying Amount	Percentage of Ownership	Fair Value
Shanghai Standard Foods Co., Ltd.	Mutual funds JPMorgan Funds		Financial assets at fair value through profit or loss - current	30,034,446	$ 134,355	-	$ 134,355

Note: The amounts presented above were eliminated upon consolidation.

(Concluded)

• 64 -

TABLE 4

STANDARD FOODS CORPORATION

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL FOR THE YEAR ENDED DECEMBER 31, 2025

(In Thousands of New Taiwan Dollars)

Company Name	Related Party	Relationships		Transaction Details	Transaction Details	Transaction Details	Abnormal Transaction	Abnormal Transaction	Notes/Accounts Payable (Receivable)	Notes/Accounts Payable (Receivable)	Note
			Purchases (Sales)	Amount	% to Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% to Total
Standard Foods Corporation Standard Dairy Products Taiwan Limited Shanghai Standard Foods Co., Ltd. Standard Investment (China) Co., Ltd. Shanghai Standard Foods Co., Ltd. Standard Foods (China) Co., Ltd. Standard Foods (China) Co., Ltd. Standard Investment (China) Co., Ltd. Standard Foods (Xiamen) Co., Ltd. Standard Investment (China) Co., Ltd.	Standard Dairy Products Taiwan Limited Standard Foods Corporation Standard Investment (China) Co., Ltd. Shanghai Standard Foods Co., Ltd. Standard Foods (China) Co., Ltd. Shanghai Standard Foods Co., Ltd. Standard Investment (China) Co., Ltd. Standard Foods (China) Co., Ltd. Standard Investment (China) Co., Ltd. Standard Foods (Xiamen) Co., Ltd.	The Company’s subsidiary Parent company of Standard Dairy Products Taiwan Limited Brother company of Shanghai Standard Foods Co., Ltd. Brother company of Standard Investment (China) Co., Ltd. Brother company of Shanghai Standard Foods Co., Ltd. Brother company of Standard Foods (China) Co., Ltd. Parent company of Standard Foods (China) Co., Ltd. Standard Investment (China) Co., Ltd.’s subsidiary Parent company of Standard Foods (Xiamen) Co., Ltd. Standard Foods (China) Co., Ltd.’s subsidiary	Sales Purchases Purchases Sales Sales Purchases Purchases Sales Sales Purchases Sales Purchases Sales Purchases	$ (1,750,744) 1,135,654 1,750,744 (1,135,654) (1,043,573) 486,145 1,043,573 (486,145) (119,989) 119,989 (5,415,081) 5,415,081 (4,150,827) 4,150,827	14.36 15.17 56.54 28.62 50.96 25.41 9.84 3.95 5.86 2.36 94.90 50.91 96.21 39.02	55 days after month end closing (net of receivables and payables) 55 days after month end closing (net of receivables and payables) 55 days after month end closing (net of receivables and payables) 55 days after month end closing (net of receivables and payables) 60 days after month-end closing 60 days after month-end closing 60 days after month-end closing 60 days after month-end closing 60 days after month-end closing 60 days after month-end closing 60 days after month-end closing 60 days after month-end closing 60 days after month-end closing 60 days after month-end closing	- - - - - - - - - - - - - -	- - - - - - - - - - - - - -	$ 235,943 - (235,943) - 399,470 (124,995) (399,470) 124,995 18,619 (18,619) 1,571,862 (1,571,862) 826,148 (826,148)	12.17 - 48.56 - 95.30 60.70 8.91 8.11 4.44 7.63 95.33 35.04 96.52 18.42	Note Note Note Note Note Note Note Note Note Note Note Note Note Note

Note: The amounts presented above were eliminated upon consolidation.

• 65 -

TABLE 5

STANDARD FOODS CORPORATION

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL DECEMBER 31, 2025

(In Thousands of New Taiwan Dollars)

Company Name	Related Party	Relationships	Ending Balance for Account Receivable - Related Parties	Ending Balance for Account Receivable - Related Parties	Turnover Rate		Overdue	Overdue		Amounts Received in Subsequent Period	Allowance for Bad Debts	Allowance for Bad Debts	Note
							Amount	Actions Taken
Standard Foods Corporation Shanghai Standard Foods Co., Ltd. Standard Foods (China) Co., Ltd. Standard Investment (China) Co., Ltd. Standard Foods (Xiamen) Co., Ltd.	Standard Dairy Products Taiwan Limited Standard Investment (China) Co., Ltd. Standard Foods (Xiamen) Co., Ltd. Standard Investment (China) Co., Ltd. Standard Foods (Xiamen) Co., Ltd. Shanghai Standard Foods Co., Ltd. Shanghai Le Ben Tuo Health Technology Co., Ltd. Shanghai Dermalab Corporation Standard Investment (China) Co., Ltd.	The Company’s subsidiary Brother company of Shanghai Standard Foods Co., Ltd. Brother company of Shanghai Standard Foods Co., Ltd. Parent company of Standard Foods (China) Co., Ltd. Standard Investment (China) Co., Ltd.’s subsidiary Brother company of Standard Investment (China) Co., Ltd. Standard Investment (China) Co., Ltd.’s subsidiary Standard Investment (China) Co., Ltd.’s subsidiary Parent company of Standard Foods (Xiamen) Co., Ltd.	Trade receivables Other receivables Trade receivables Financing receivables Other receivables Trade receivables Financing receivables Other receivables Trade receivables Other receivables Financing receivables Other receivables Trade receivables Trade receivables Financing receivables Other receivables Financing receivables Other receivables Trade receivables	$ 235,943 9,403 $ 245,346 $ 399,470 75,458 4,745 $ 479,673 $ 48 214,637 7,670 $ 222,355 $ 1,571,862 20 $ 1,571,882 $ 272,007 42,546 $ 314,553 $ 124,995 $ 15 367,709 9,922 $ 377,646 $ 165,744 4,787 $ 170,531 $ 826,148	9.28 3.12 380.30 3.80 3.45 5.07 4.93		$ - - $ - $ - - - $ - $ - - - $ - $ - - $ - $ - - $ - $ - $ - - - $ - $ - - $ - $ -			$ 235,943 (Note 1) 9,403(Note 1) $ 245,346(Note 1) $ 399,470 (Note 1) - (Note 1) 4,745(Note 1) $ 404,215(Note 1) $ 48 (Note 1) - (Note 1) - (Note 1) $ 48(Note 1) $ 1,203,334 (Note 1) 10 (Note 1) $ 1,203,344(Note 1) $ - (Note 1) 42,546 (Note 1) $ 42,546(Note 1) $ 124,995(Note 1) $ 15 (Note 1) - (Note 1) 9,922 (Note 1) $ 9,937(Note 1) $ - (Note 1) 4,787 (Note 1) $ 4,787(Note 1) $ 783,871(Note 1)		$ - - $ - $ - - - $ - $ - - - $ - $ - - $ - $ - - $ - $ - $ - - - $ - $ - - $ - $ -	(Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2)

Note 1: Amounts received before March 12, 2026.

Note 2: The amounts presented above were eliminated upon consolidation.

• 66 -

TABLE 6

STANDARD FOODS CORPORATION

INFORMATION ON INVESTEES FOR THE YEAR ENDED DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Investor Company	Investee Company	Location	Main Businesses and Products	Original Investment Amount	Original Investment Amount	As of December 31, 2025	As of December 31, 2025	As of December 31, 2025	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				December 31, 2025	December 31, 2024	Shares	%	Carrying Amount
Standard Foods Corporation Accession Limited Dermalab S.A. Standard Investment (Cayman) Limited Newtrin Holding PTE. LTD. Shanghai Dermalab Corporation	Accession Limited Standard Investment (Cayman) Limited Standard Dairy Products Taiwan Limited Charng Hui Company Ltd. Domex Technology Corporation Standard Beverage Company Limited Standard Foods, LLC. SF NUTRA PTE. LTD. Newtrin Holding PTE. LTD. Dermalab S.A. Swissderma SL Labo AG Standard Corporation (Hong Kong) Limited Newtrin Healthcare Foods Japan Co., Ltd. Newtrin Healthcare Foods Vietnam Company Limited Rotiva International Limited	Tortola, British Virgin Islands Grand Cayman, Cayman Islands Taipei, Taiwan Taipei, Taiwan Hsinchu, Taiwan Taipei, Taiwan U.S.A. Singapore Singapore Switzerland Spain Switzerland Hong Kong Japan Vietnam Hong Kong	Investment business Investment business Manufacture and sale of dairy products and beverages Investment business Manufacture and sale of computer peripherals and computer and information products Manufacture and sale of beverages Sale of health foods Food trade Investment business Development and sale of cosmetics Sale of cosmetics Day Spa Investment business Manufacture and sale of nutritious foods Sale of nutritious foods Sale of cosmetics	$ 3,936,267 4,931,225 300,853 230,000 114,116 79,072 9,056 38,986 78,865 379,489 96 27,195 4,927,405 11,066 3,274 90	$ 3,936,267 4,931,225 300,853 230,000 114,116 79,072 9,056 9,427 16,372 379,489 96 - 4,927,405 - - 34	123,600,000 157,147,892 30,000,000 24,100,000 10,374,399 7,907,000 Note 4 1,309,095 2,500,000 4,050 3,000 900 157,021,892 10,000 Note 4 20,699	100 100 100 100 52 100 100 100 100 100 100 100 100 100 100 100	$ 3,838,598 4,503,526 1,124,576 365,199 282,100 78,805 9,429 36,096 76,982 205,993 - (8,532) 4,502,880 8,988 3,000 61	$ 736 (169,891) 330,370 16,665 53,923 (927) - (1,211) (904) (32,340) - (5,775) (169,556) (1,111) 24 -	$ 1,073 (Note 1) (169,891) 346,630 (Note 2) 7,328 (Note 3) 28,045 (927) - (1,211) (904) - - - - - - -	Subsidiary (Note 5) Subsidiary (Note 5) Subsidiary (Note 5) Subsidiary (Note 5) Subsidiary (Note 5) Subsidiary (Note 5) Subsidiary (Note 5) Subsidiary (Note 5) Subsidiary (Note 5) Indirect subsidiary (Note 5) Third-tier subsidiary (Note 5) Third-tier subsidiary (Note 5) Indirect subsidiary (Note 5) Indirect subsidiary (Note 5) Indirect subsidiary (Note 5) Fourth-tier subsidiary (Note 5)

Note 1: The amount after the net profit in investees recognized based on the shareholding ratio, $736 thousand, plus the adjustment on unrealized gain or loss from side-stream transactions of $337 thousand.

Note 2: The amount after the net profit in investees recognized based on the shareholding ratio, $330,370 thousand, plus the adjustment on unrealized gain or loss from up-stream transactions of $16,260 thousand.

Note 3: The amount after the net profit in investees recognized based on the shareholding ratio, $16,665 thousand, minus the Standard Foods Corporation cash dividends paid of $9,337 thousand.

Note 4: This is a limited company with no issued shares.

Note 5: The amounts presented above were eliminated upon consolidation.

• 67 -

TABLE 7

STANDARD FOODS CORPORATION

INFORMATION ON INVESTMENTS IN MAINLAND CHINA FOR THE YEAR ENDED DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Investee Company	Main Businesses and Products	Main Businesses and Products	Paid-in Capital	Method of Investment (Note 1)	Method of Investment (Note 1)	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2025	Remittance of Funds	Remittance of Funds	Accumulated Outward Remittance for Investment from Taiwan as of December 31, 2025	Net Income (Loss) of the Investee	% Ownership of Direct or Indirect Investment	Investment Gain (Loss) (Note 2)	Carrying Amount as of December 31, 2025	Accumulated Repatriation of Investment Income as of December 31, 2025	Note
							Outward	Inward
Shanghai Standard Foods Co., Ltd. Standard Investment (China) Co., Ltd. Shanghai New Vitality Health Technology (Group) Co., Ltd. Standard Foods (China) Co., Ltd. Shanghai Dermalab Corporation Shanghai Le Ben Tuo Health Technology Co., Ltd. Shanghai Le Ben De Health Technology Co., Ltd. Standard Foods (Xiamen) Co., Ltd. Shanghai Le Ho Industrial Co., Ltd. Shanghai Le Min Industrial Co., Ltd. Jiangsu Hua Sun Health Technology Co., Ltd	Manufacture and sale of edible oil products and nutritional foods Investment and sales of edible oil products and nutritional foods Sale of nutritional foods, cosmetics and international trading Manufacture and sale of edible oil products and nutritional foods Sale of nutritional foods, cosmetics and international trading Sale of nutritional foods and international trading Sale of health, to beautify produce and about service trading Manufacture and sale of edible oil products and nutritional foods Property management Property management Develop brands and products in the field of health foods and special nutritious foods		$ 3,949,575 3,755,530 664,630 2,600,443 93,989 284,127 31,220 1,307,582 607,717 378,009 315,921	b. (Note 3) b. (Note 5) b. (Note 5) c. (Note 6) c. (Note 7) c. (Note 7) c. (Notes 4 and 7) c. (Note 6) b. (Note 5) b. (Note 5) c. (Note 8)		$ 3,949,575 (Note 4) 3,718,677 (Note 5) 217,434 (Note 5) - (Note 6) - (Note 7) 181,048 (Note 7) 31,220 (Note 4) - (Note 6) 607,717 (Note 5) 378,009 (Note 5) - (Note 8)	$ - - - - - - - - - - -	$ - - - - - - - - - - -	$ 3,949,575 (Note 4) 3,718,677 (Note 5) 217,434 (Note 5) - (Note 6) - (Note 7) 181,048 (Note 7) 31,220 (Note 4) - (Note 6) 607,717 (Note 5) 378,009 (Note 5) - (Note 8)	$ 38,675 50,083 (203,357) 266,735 (35,636) (94,095) 481 135,252 (10,874) (6,731) (74,534)	100.0 99.0 99.0 99.0 99.0 99.0 99.0 99.0 100.0 100.0 99.0	$ 38,033 (Note 9) 49,582 (Note 9) (201,323) (Note 9) 269,675 (Note 9) (35,280) (Note 9) (93,154) (Note 9) 476 (Note 9) 141,039 (Note 9) (10,874) (Note 9) (6,731) (Note 9) (73,789) (Note 9)	$ 3,473,146 3,752,916 56,993 3,075,287 (100,032) (446,348) 33,814 2,136,597 425,262 266,444 155,555	$ - - - - - - - - - - -	Note 11 Note 11 Note 11 Note 11 Note 11 Note 11 Note 11 Note 11 Note 11 Note 11 Note 11
Accumulated Outward Remittance for Investment in Mainland China as of		Investment Amounts Authorized by			Upper	Limit on the Amount of Investment
December 31, 2025		Investment Commission, MOEA			Stipulated by Investment Commission, MOEA
$9,136,959		$9,874,201			Unlimited amount of investment (Note 10)

Note 1: The methods for engaging in investment in mainland China include the following:

• a. Direct investment in mainland China.

• b. Indirect investment in mainland China through companies registered in a third region. (Please specify the investor company in a third region.) c. Other methods.

(Continued)

• 68 -

Note 2: For the investment income (loss) recognized in the current period:

• a. There was no investment income (loss) recognized due to the investment still being in the development stage.

• b. The investment income (loss) was determined based on the following basis:

• 1) The financial report was audited and certified by an international accounting firm in cooperation with an accounting firm in ROC.

• 2) The financial statements audited by the CPA of the parent company in Taiwan. 3) Others.

Note 3: Accession Limited is the investor company in third region.

Note 4: There was no difference between the beginning balance and the ending balance of the accumulated amount invested from Taiwan for the current period. The investment remained at $4,034,074 thousand. Of the $4,034,074 thousand, $53,279 thousand has been retained in Accession Ltd. The remaining balance thereof, amounting to $3,980,795 thousand, was originally the outward remittance of the investment of Shanghai Standard Foods Co., Ltd. However, as of July 2015, of the $3,980,795 thousand, $31,220 thousand was invested in Shanghai Le Ben De Health Technology Co., Ltd. by Shanghai Standard Foods Co., Ltd. In aggregate, the outward remittance of the investments in Shanghai Standard Foods Co., Ltd. and Shanghai Le Ben De Health Technology Co., Ltd. was $3,949,575 thousand and $31,220 thousand, respectively.

Note 5: Standard Corporation (Hong Kong) Limited is the investor company in third region.

• Note 6: The company in mainland China was reinvested through a company registered in mainland China, namely Standard Investment (China) Co., Ltd.

• Note 7: The company in mainland China was reinvested through a company registered in mainland China, namely Shanghai New Vitality Health Technology (Group) Co., Ltd.

• Note 8: A new company was incorporated upon the split of Shanghai Le Ben Tuo Health Technology Co., Ltd. as invested by Shanghai New Vitality Health Technology (Group) Co., Ltd., a company in mainland China.

Note 9: The basis for recognition of investment profit and loss is Note 2.b. Item 2)

• Note 10: The Industrial Development Bureau of the MOEA issued the proofing document of operational headquarters to the Company; the document is still valid within the audit period. Hence, according to the Investment Commission of the MOEA, there is no upper limit on the amount of investment.

Note 11: The amounts presented above were eliminated upon consolidation.

(Concluded)

• 69 -

STANDARD FOODS CORPORATION

THE CONTENTS OF SCHEDULES OF MAJOR ACCOUNTING ITEMS

Item Major Accounting Items in Assets, Liabilities and Equity Schedule of cash and cash equivalents Schedule of financial assets at fair value through profit or loss - current Schedule of financial assets at fair value through other comprehensive income - current Schedule of financial assets at amortized cost - current Schedule of trade receivables Schedule of inventories Schedule of financial assets at fair value through profit or loss - non-current Schedule of financial assets at fair value through other comprehensive income - non-current Schedule of changes in investments accounted for using the equity method Schedule of changes in right-of-use assets Schedule of trade payables Schedule of lease liabilities Major Accounting Items in Profit or Loss Schedule of operating revenue Schedule of operating costs Schedule of operating expenses Schedule of labor, depreciation and amortization by function

Schedule Index

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

• 70 -

SCHEDULE 1

STANDARD FOODS CORPORATION

SCHEDULE OF CASH AND CASH EQUIVALENTS DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Item Description Interest Rate Cash on hand Cash in banks Checking account deposits Demand deposits 0.010%-0.705% Foreign currency demand deposits Including US$12 thousand @31.43, RMB275 thousand @4.47 and EUR26 thousand @36.90 0.001%-0.500% Cash equivalents Foreign time deposits Including RMB4,034 thousand @4.47 1.120%	Amount $ 785
	511,534 6,761 2,591
	520,886
	18,039
	18,039
	$ 539,710

• 71 -

SCHEDULE 2

STANDARD FOODS CORPORATION

SCHEDULE OF FINANCIAL ASSETS AT FAIR VALUE THOUGH PROFIT OR LOSS DECEMBER 31, 2025

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Name of Financial Assets Mutual fund UPAMC James Bond Money Market Fund Cathay China Domestic Demand Growth Fund Cathay Target Date 2029 Fund Fubon Money Market Fund Cathay Global Aggressive Fund Yuanta FTSE4Good TIP Taiwan ESG ETF Shares Taiwan Semiconductor Manufacturing Co., Ltd. NVIDIA Corporation AbbVie Inc. Berkshire Hathaway Inc. Costco Wholesale Corporation Alphabet Inc. Johnson & Johnson JPMorgan Chase & Co. Eli Lilly and Company The Procter & Gamble Company T-Mobile US, Inc. UnitedHealth Group Incorporated Walmart Inc. Note cash HSBC Holdings USD Bond (HSBC_4.3_030826) TSMC Unsecured Corporate Bond 2023 2nd Offering The 3rd unsecured corporate bonds of Far Eastern New Century Corp. in 2024 (Far Eastern New Century Corporation 7th Unsecured Corporate Bond-A Issue In 2024)	Shares/Units Par Value (NT$) 10,392,487.38 17.66 3,585,869.30 25.67 4,720,915.20 16.83 15,275,951.35 15.71 2,284,843.90 35.91 300,000.00 55.35 36,560,067.13 5,670.00 1,550.00 272.00 186.50 277.00 228.49 165.00 502.65 81.00 862.34 179.00 313.80 340.00 206.95 284.00 322.22 109.00 1,074.68 558.00 143.31 342.00 203.04 275.00 330.11 911.00 111.41 9,463.00 10,000.00 100.05 500,000.00 99.99 500,000.00 99.99 1,010,000.00 37,579,530.13	Total Amount Acquisition Cost $ 183,552 $ 183,311 92,049 120,000 79,466 60,000 239,966 239,536 82,049 60,000 16,605 10,200 693,687 673,047 8,788 3,451 1,594 1,454 1,989 1,832 2,607 2,616 2,195 2,396 1,766 1,177 2,212 1,900 2,876 2,680 3,682 2,506 2,513 2,764 2,183 2,711 2,853 2,676 3,190 2,788 38,448 30,951 31,446 30,660 49,999 50,125 49,999 50,000 131,444 130,785 $ 863,579 $ 834,783	Fair Value Changes in Fair Value Attributed Unit Price Total Amount to Credit Risk Note 17.66 $ 183,552 $ - 25.67 92,049 - 16.83 79,466 - 15.71 239,966 - 35.91 82,049 - 55.35 16,605 - 693,687 - 1,550.00 8,788 - 186.50 1,594 - 228.49 1,989 - 502.65 2,607 - 862.34 2,195 - 313.80 1,766 - 206.95 2,212 - 322.22 2,876 - 1,074.68 3,682 - 143.31 2,513 - 203.04 2,183 - 330.11 2,853 - 111.41 3,190 - 38,448 - 100.05 31,446 - 99.99 49,999 - 99.99 49,999 - 131,444 - $ 863,579 $ -
			Unit Price 17.66 25.67 16.83 15.71 35.91 55.35 1,550.00 186.50 228.49 502.65 862.34 313.80 206.95 322.22 1,074.68 143.31 203.04 330.11 111.41 100.05 99.99 99.99

• 72 -

SCHEDULE 3

STANDARD FOODS CORPORATION

SCHEDULE OF FINANCIAL ASSETS AT FAIR VALUE THROUGH COMPREHENSIVE INCOME - CURRENT DECEMBER 31, 2025

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Par Value Name of Financial Assets Shares (NT$) Listed shares Chunghwa Telecom Co., Ltd. 48,600 $ 10 Far Eastern International Commercial Bank Co., Ltd. 1,579,575 10	Acquisition Accumulated Total Amount Cost Impairment $ 486 $ 4,063 $ - 15,796 17,114 - $ 16,282 $ 21,177 $ -	Fair Value	Fair Value
		Unit Price $ 130.50 12.85	Total Amount $ 6,342 20,298 $ 26,640

• 73 -

SCHEDULE 4

STANDARD FOODS CORPORATION

SCHEDULE OF FINANCIAL ASSETS AT AMORTIZED COST - CURRENT DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Name

Taishin Bank foreign time deposit Taishin Bank foreign time deposit Taishin Bank foreign time deposit HSBC Bank foreign time deposit President Securities foreign time deposits President Securities foreign time deposits President Securities foreign time deposits ANZ Bank foreign time deposit Bank of China foreign time deposit Bank of China foreign time deposit

Description Number Par Value Currency Total Amount Annual Interest Rate Expiry in January 2026, maturity interest 1 881 AUD $ 18,514 3.67% Expiry in April 2026, maturity interest 1 512 AUD 10,758 3.62% Expiry in June 2026, maturity interest 1 1,043 AUD 21,903 3.97% Expiry in April 2026, maturity interest 1 700 EUR 25,830 1.97% Expiry in March 2026, maturity interest 1 51,528 RMB 230,414 2.50% Expiry in March 2026, maturity interest 1 50,000 RMB 223,580 2.50% Expiry in April 2026, maturity interest 1 53,294 RMB 238,308 2.30% Expiry in February 2026, maturity interest 1 2,048 RMB 9,157 1.12% Expiry in April 2026, maturity interest 1 30,000 RMB 134,148 1.58% Expiry in April 2026, maturity interest 1 22,949 RMB 102,620 1.58% $ 1,015,232

Carrying Amount Remark $ 18,514 Fixed (@21.01) 10,758 Fixed (@21.01) 21,903 Fixed (@21.01) 25,830 Fixed (@36.90) 230,414 Fixed (@4.47) 223,580 Fixed (@4.47) 238,308 Fixed (@4.47) 9,157 Fixed (@4.47) 134,148 Fixed (@4.47) 102,620 Fixed (@4.47) $ 1,015,232

• 74 -

SCHEDULE 5

STANDARD FOODS CORPORATION

SCHEDULE OF TRADE RECEIVABLES DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Client Name Unrelated parties Company A Company B Company D Company F Company E Others (Note) Less: Allowance for impairment loss Related party Standard Dairy Products Taiwan Limited GeneFerm Biotechnology Co., Ltd. H2U Corporation	Amount $ 598,405 253,357 242,744 117,569 95,177 386,717 1,693,969 (1,975) $ 1,691,994 $ 235,943 102 8,466 $ 244,511

Note: The amount of individual vendor included in others does not exceed 5% of the account balance.

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SCHEDULE 6

STANDARD FOODS CORPORATION

SCHEDULE OF INVENTORIES DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Item Merchandise Finished goods Work in progress Raw materials Packaging materials Less: Allowance for inventory valuation and obsolescence losses		Amount
		Cost Net Realizable Value $ 260,356 $ 384,945 1,337,618 1,987,811 275,009 432,239 571,150 868,884 67,592 87,286 2,511,725 $ 3,761,165 (39,121)

$ 2,472,604

• 76 -

SCHEDULE 7

STANDARD FOODS CORPORATION

SCHEDULE OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - NON-CURRENT FOR THE YEAR ENDED DECEMBER 31, 2025

(In Thousands of New Taiwan Dollars)

Investees Paradigm Venture Capital Corporation Authenex, Inc. Techgains Pan-Pacific Corporation U-Teck Environment Corporation, Ltd. Octamer, Inc. - Series E Preferred Stock Octamer, Inc. - Series F Preferred Stock Fortemedia, Inc. - Series D Preferred Stock Fortemedia, Inc. - Series E Preferred Stock Fortemedia, Inc. - Series F Preferred Stock Fortemedia, Inc. - Series G Preferred Stock Fortemedia, Inc. - Series I Preferred Stock Fortemedia - ordinary Stock	Balance on January 1, 2025 Shares/Units Fair Value 153,320 $ 1,403 2,424,242 - 500,000 - 11,200 - 800,000 - 107,815 - 3,455 - 71,397 - 29,173 - 31,135 - 29,102 - 12,938 - $ 1,403	Addition Shares/Units Amount - $ 299 - - - - - - - - - - - - - - - - - - - - - - $ 299	Deduction Accumulated Reversal of Impairment Shares/Units Amount Loss - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ -	Balance on December 31, 2025 Accumulated Shares/Units Fair Value Collateral Impairment Remark 153,320 $ 1,702 Nil $ - Note 1 2,424,242 - Nil - - 500,000 - Nil - - 11,200 - Nil - - 800,000 - Nil - - 107,815 - Nil - - 3,455 - Nil - - 71,397 - Nil - - 29,173 - Nil - - 31,135 - Nil - - 29,102 - Nil - - 12,938 - Nil - - $ 1,702
	Shares/Units 153,320 2,424,242 500,000 11,200 800,000 107,815 3,455 71,397 29,173 31,135 29,102 12,938	Shares/Units - - - - - - - - - - - -	Shares/Units - - - - - - - - - - - -	Shares/Units 153,320 2,424,242 500,000 11,200 800,000 107,815 3,455 71,397 29,173 31,135 29,102 12,938

Note: The increased due to the changes in the fair value.

• 77 -

SCHEDULE 8

STANDARD FOODS CORPORATION

FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - NON-CURRENT FOR THE YEAR ENDED DECEMBER 31, 2025

(In Thousands of New Taiwan Dollars)

Item Listed shares GeneFerm Biotechnology Co., Ltd. Unlisted shares Dah Chung Bills Finance Corp H2U Corporation SANCCI MANUFACTURE FOOD COMPANY	Balance on January 1, 2025 Shares Fair Value 2,145,110 $ 100,820 1,338,204 20,662 4,165,000 408,170 1,286,786 116,853 $ 646,505	Addition Shares Amount - $ - - - 2,233,723 10,000 - - $ 10,000	Deduction Unrealized Shares Amount Gain (Loss) - $ - $ 2,681 - - 134 - - 206,793 - 10,142 90,811 $ 10,142 $ 300,419	Balance on December 31, 2025 Accumulated Shares Fair Value Impairment Collateral Remark 2,145,110 $ 103,501 $ - Nil - 1,338,204 20,796 - Nil - 6,398,723 624,963 - Nil - 1,286,786 197,522 - Nil - $ 946,782 $ -
	Shares 2,145,110 1,338,204 4,165,000 1,286,786	Shares - - 2,233,723 -	Shares - - - -	Shares 2,145,110 1,338,204 6,398,723 1,286,786

• 78 -

SCHEDULE 9

STANDARD FOODS CORPORATION

SCHEDULE OF CHANGES IN INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD FOR THE YEAR ENDED DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Investees Accession Limited Standard Dairy Products Taiwan Limited Charng Hui Company Ltd. DOMEX Technology Corporation Standard Beverage Company Limited Standard Investment (Cayman) Limited Standard Foods, LLC. SF NUTRA PTE. LTD. Newtrin Holding PTE. LTD.	Balance on January 1, 2025 Shares/Unit Amount 123,600,000 $ 3,890,526 30,000,000 1,038,034 24,100,000 344,147 10,374,399 296,590 7,907,000 79,732 157,147,892 4,770,615 - 9,836 400,000 9,911 500,000 16,392 $ 10,455,783	Addition Shares/Unit Amount - $ 1,073 - 351,665 - 35,316 - 28,045 - - - - - - 909,095 31,476 2,000,000 62,493 $ 510,068	Decrease Shares/Unit Amount - $ 53,001 - 265,123 - 14,264 - 42,535 - 927 - 267,089 - 407 - 5,291 - 1,903 $ 650,540	Balance on December 31, 2025 Shares/Unit % Amount 123,600,000 100.00 $ 3,838,598 30,000,000 100.00 1,124,576 24,100,000 100.00 365,199 10,374,399 52.00 282,100 7,907,000 100.00 78,805 157,147,892 100.00 4,503,526 - 100.00 9,429 1,309,095 100.00 36,096 2,500,000 100.00 76,982 $ 10,315,311	Net Assets Value Unit Price (NT$) Total Price Collateral Remark 31.40 $ 3,881,038 Nil Note 1 37.92 1,137,561 Nil Note 2 23.51 566,617 Nil Note 3 27.14 281,541 Nil Note 4 9.97 78,805 Nil Note 5 28.66 4,503,526 Nil Note 6 - 9,429 Nil Notes 7 and 10 27.57 36,096 Nil Notes 8 and 10 30.79 76,982 Nil Notes 9 and 10
	Shares/Unit 123,600,000 30,000,000 24,100,000 10,374,399 7,907,000 157,147,892 - 400,000 500,000	Shares/Unit - - - - - - - 909,095 2,000,000	Shares/Unit - - - - - - - - -	Shares/Unit % 123,600,000 100.00 30,000,000 100.00 24,100,000 100.00 10,374,399 52.00 7,907,000 100.00 157,147,892 100.00 - 100.00 1,309,095 100.00 2,500,000 100.00

• Note 1: For the year ended December 31, 2025, the increase amount of investment income accounted for using the equity method was $1,073 thousand; the decrease other comprehensive income was $989 thousand and amount of translation adjustment accounted for using the equity method was $52,012 thousand.

• Note 2: For the year ended December 31, 2025, the increase amount of investment income accounted for using the equity method was $346,630 thousand and other comprehensive income was $5,035 thousand; the decrease the cash dividend which was issued by the investee was $265,123 thousand.

Note 3: This is a subsidiary of the Company, and because it held the shares of the Company, it received cash dividend from the Company. Therefore, there was an increase in cash dividend which adjustment to the capital surplus was $9,337 thousand, investment income accounted for using the equity method was $7,328 thousand and other comprehensive income was $18,651 thousand. For the year ended December 31, 2025, the decrease the cash dividend which was issued by the investee was $14,264 thousand.

• Note 4: For the year ended December 31, 2025, the increase amount of investment income accounted for using the equity method was $28,045 thousand; and the decrease the cash dividend which was issued by the investee was $42,535 thousand.

• Note 5: For the year ended December 31, 2025, the decrease amount of investment loss accounted for using the equity method was $927 thousand.

• Note 6: For the year ended December 31, 2025, the decrease amount of investment loss accounted for using the equity method was $169,891 thousand and amount of translation adjustment accounted for using the equity method was $97,198 thousand.

• Note 7: For the year ended December 31, 2025, the decrease amount of translation adjustment accounted for using the equity method was $407 thousand.

• Note 8: For the year ended December 31, 2025, increase in amount resulted from increasing investment was $29,559 thousand and amount of translation adjustment accounted for using the equity method was $1,917 thousand; the decrease amount of investment loss accounted for using the equity method was $1,211 thousand and other comprehensive income was $4,080 thousand.

• Note 9: For the year ended December 31, 2025, increase in amount resulted from increasing investment was $62,493 thousand; the decrease amount of investment loss accounted for using the equity method was $904 thousand and amount of translation adjustment accounted for using the equity method was $999 thousand.

Note 10: This is a limited company with no issued shares.

• 79 -

SCHEDULE 10

STANDARD FOODS CORPORATION

SCHEDULE OF CHANGES IN RIGHT-OF-USE ASSETS DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Item Cost As originally stated on January 1, 2025 Additions Lease expiration/termination Balance on December 31, 2025 Accumulated depreciation As originally stated on January 1, 2025 Depreciation expenses Lease expiration/termination Balance on December 31, 2025	Land $ 4,232 1,134 (1,134) $ 4,232 $ 1,232 1,893 (1,134) $ 1,991	Buildings Office Equipment Transpor- tation Equipment $ 176,191 $ 4,463 $ 7,898 8,606 484 9,221 (1,824) - (1,177) $ 182,973 $ 4,947 $ 15,942 $ 111,501 $ 1,404 $ 2,728 40,569 872 3,345 (1,824) - (1,177) $ 150,246 $ 2,276 $ 4,896	Amount $ 192,784 19,445 (4,135) $ 208,094 $ 116,865 46,679 (4,135) $ 159,409

• 80 -

SCHEDULE 11

STANDARD FOODS CORPORATION

SCHEDULE OF TRADE PAYABLES DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Vendor Name Unrelated parties Company B Others (Note) Related party GeneFerm Biotechnology Co., Ltd. Sancci Manufacture Food Company	Amount $ 51,135 784,604
	$ 835,739
	$ 17,325 17,002
	$ 34,327

Note: The amount of individual vendor included in others does not exceed 5% of the account balance.

• 81 -

SCHEDULE 12

STANDARD FOODS CORPORATION

SCHEDULE OF LEASE LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

			Balance on	Balance on
		Discount	December 31,
	Lease Term	Rate		2025	Remark
Land	2025/12/1-2026/11/30	1.07%	$	1,040
Buildings	2021/9/1-2029/3/15	1.07%-1.96%		33,805
Office equipment	2022/1/1-2031/7/1	1.07%-1.96%		2,740
Transportation equipment	2023/4/1-2029/10/27	1.25%-1.96%		11,634
				49,219
Less: Within 1 year				(35,269)
Lease liabilities - non-current			$	13,950

• 82 -

SCHEDULE 13

STANDARD FOODS CORPORATION

SCHEDULE OF OPERATING REVENUES FOR THE YEAR ENDED DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Item Quantity (Tons) Nutritious foods 93,402 Cooking products 22,415 Others 8,974 Total sales Less: Sales returns Sales allowances Net sales	Amount $ 11,017,537 2,967,756 550,614 14,535,907 (204,136) (2,143,447) $ 12,188,324

• 83 -

SCHEDULE 14

STANDARD FOODS CORPORATION

SCHEDULE OF OPERATING COSTS FOR THE YEAR ENDED DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Item Cost of goods sold - finished goods Raw materials, beginning of year Add: Raw materials purchased Gain on physical inventory of raw materials Less: Transferred to other accounts Sales of raw materials Raw materials scrapped Raw materials, end of year Raw materials consumed Direct labor Manufacturing expenses Manufacturing costs Work in progress, beginning of year Add: Work in progress inventory gain Less: Work in progress scrapped Other use Work in progress, end of year Cost of finished goods Finished goods, beginning of year Less: Cost of goods sold adjustment Transferred to other accounts Finished goods deficits Finished goods scrapped Finished goods, end of year Cost of goods sold - finished goods Cost of goods sold - merchandise Merchandise, beginning of year Add: Merchandise purchased Less: Cost of goods sold adjustment Other use Merchandise scrapped Merchandise deficits Merchandise, end of year Cost of goods sold - merchandise Cost of sales of raw materials Gain on physical inventory Inventory scrap losses

Amount $ 556,304 6,206,355 703 (224) (104,187) (4,931) (626,504) 6,027,516 277,996 1,276,892 7,582,404 172,116 6 (9,842) (6,330) (269,316) 7,469,038 1,192,368 (1,204) (116,047) (40) (1,987) (1,321,920) 7,220,208 262,197 1,243,512 (591) (4,531) (875) (12) (254,864) 1,244,836 104,187 (657) 17,635 $ 8,586,209

• 84 -

SCHEDULE 15

STANDARD FOODS CORPORATION

SCHEDULE OF OPERATING EXPENSES FOR THE YEAR ENDED DECEMBER 31, 2025 (In Thousands of New Taiwan Dollars)

Item Advertising expenses Salaries and pensions Freight expenses Taxes Professional service fees Rental Insurance premiums Amortization Depreciation Traveling expenses Repair and maintenance expenses Computer expenses Meal expenses Postage and telephone charges Entertainment expenses Employee welfare Utilities Donations Expected credit gain recognized on trade receivables Others Cost-sharing sectors	Selling and Marketing Expenses General and Administrative Expenses Research and Development Expenses Expected Credit Gain Recognized on Trade Receivables $ 1,078,183 $ - $ - $ - 471,327 238,355 45,025 - 140,066 - - - 20,115 74 18 - 19,942 14,908 14 - 44,036 337 2 - 48,444 18,002 4,564 - 6,027 14,513 - - 28,290 33,544 2,226 - 23,265 1,529 746 - 5,859 1,150 308 - 10,696 67,959 1,185 - 13,708 3,977 1,341 - 297 1,162 76 - 4,879 6,406 82 - 9,597 2,624 910 - 7,200 2,584 1,662 - 17,101 452 - - - - - (729) 55,624 35,967 20,321 - - (31,034) - - $ 2,004,656 $ 412,509 $ 78,480 $ (729)	Amount $ 1,078,183 754,707 140,066 20,207 34,864 44,375 71,010 20,540 64,060 25,540 7,317 79,840 19,026 1,535 11,367 13,131 11,446 17,553 (729) 111,912 (31,034) (Note) $ 2,494,916

Note: Transferred to manufacturing expenses.

• 85 -

SCHEDULE 16

STANDARD FOODS CORPORATION

SCHEDULE OF LABOR, DEPRECIATION AND AMORTIZATION BY FUNCTION FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (In Thousands of New Taiwan Dollars)

Item Labor cost Salary and bonus Labor and health insurance Pension Remuneration of directors Others Depreciation Amortization	2025	Total $ 1,192,331 113,012 65,217 8,031 71,756 $ 1,450,347 $ 215,234 $ 30,815	2024
	Classified as Operating Costs Classified as Operating Expenses $ 501,877 $ 690,454 51,490 61,522 24,340 40,877 - 8,031 31,958 39,798 $ 609,665 $ 840,682 $ 151,174 $ 64,060 $ 10,275 $ 20,540		Classified as Operating Costs Classified as Operating Expenses $ 487,016 $ 657,524 48,560 57,570 18,975 35,029 - 11,553 32,283 38,420 $ 586,834 $ 800,096 $ 150,693 $ 60,303 $ 7,157 $ 13,706	Total $ 1,144,540 106,130 54,004 11,553 70,703 $ 1,386,930 $ 210,996 $ 20,863

• Note 1: As of December 31, 2025 and 2024, the Company had 1,181 and 1,170 employees, respectively, of which 6 directors in each year were not concurrently appointed as employees, respectively.

• Note 2: The average employee benefit expense for 2025 is $1,228 thousand. (“Total amounts of current year employee benefit expenses - Total amounts of remuneration of directors”/”The number of current year employee - The number of directors who are not concurrent employees”).

• Note 3: The average employee benefit expense for 2024 is $1,182 thousand. (“Total amounts of period year employee benefit expenses - Total amounts of remuneration of directors”/”The number of period year employee - The number of directors who are not concurrent employees”).

• Note 4: The average employee salary expense for 2025 is $1,015 thousand. (Total amounts of current year employee salary expenses/”The number of current year employee - The number of directors who are not concurrent employees”).

Note 5: The average employee salary expense for 2024 is $983 thousand. (Total amounts of period year employee salary expenses/”The number of period year employee - The number of directors who are not concurrent employees”).

• Note 6: The change in average employee salary expenses is 3.26%. (“Total amounts of current year average employee salary expenses - Total amounts of period year average employee salary expenses”/Total amounts of period year average employee salary expenses).

Note 7: There was no supervisor in the Corporation, and audit committee has replaced supervisors’ authority as required by law.

• Note 8: The Company’s payment fees are determined and regularly reviewed by the Remuneration Committee, and in addition to referring to the usual level of payment of the same industry, and to consider the reasonableness of the correlation with individual performance, company operating performance, payment methods and future operational risks. It shall be implemented after the adoption of the report to the board of directors; those who are assigned items of the surplus distribution table shall also be expected to report to the shareholders’ meeting for adoption.

• 86 -