Sinher - Audit Report / Information 2025

Stock Code: 4999

SINHER TECHNOLOGY INC.

Parent Company Only Financial Statements

With Independent Auditors’ Report For the Years Ended December 31, 2025 and 2024

Address: No. 27-1, Ln. 169, Kangning St., Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) Telephone: (02)2692-6960

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

Contents 1. Cover Page 2. Table of Contents 3. Independent Auditors’ Report 4. Balance Sheets 5. Statements of Comprehensive Income 6. Statements of Changes in Equity 7. Statements of Cash Flows 8. Notes to Parent-Company-Only Financial Statements (1) Company history (2) Approval date and procedures of the financial statements (3) New standards, amendments and interpretations adopted (4) Summary of significant accounting policies (5) Significant accounting assumptions and judgments, and major sources of estimation uncertainty (6) Explanation of significant accounts (7) Related-party transactions (8) Pledged assets (9) Commitments and contingencies (10) Losses Due to Major Disasters (11) Subsequent Events (12) Other (13) Other disclosures (a) Information on significant transactions (b) Information on investees (c) Information on investment in mainland China (14) Segment information 9. List of major account titles	Page
	1 2 3 ~6 7 8 9 10 11 11 11 ~ 12 12 ~ 25 25 ~ 26 26 ~ 47 47 ~ 50 50 50 50 50 50 ~ 51 51 ~52 53 53 ~54 54 55 ~ 62

Contents
1. Cover Page
2. Table of Contents
3. Independent Auditors’ Report
4. Balance Sheets
5. Statements of Comprehensive Income
6. Statements of Changes in Equity
7. Statements of Cash Flows
8. Notes to Parent-Company-Only Financial Statements
(1)
Company history
(2)
Approval date and procedures of the financial statements
(3)
New standards, amendments and interpretations adopted
(4)
Summary of significant accounting policies
(5)
Significant accounting assumptions and judgments, and major sources of
estimation uncertainty
(6)
Explanation of significant accounts
(7)
Related-party transactions
(8)
Pledged assets
(9)
Commitments and contingencies
(10) Losses Due to Major Disasters
(11) Subsequent Events
(12) Other
(13) Other disclosures
(a) Information on significant transactions
(b) Information on investees
(c) Information on investment in mainland China
(14) Segment information
9. List of major account titles

Page

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Independent Auditors’ Report

To the Board of Directors of SINHER TECHNOLOGY INC.:

Opinion

We have audited the financial statements of SINHER TECHNOLOGY INC.("the Company"), which comprise the balance sheets as of December 31, 2025 and 2024, and the statement of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as at December 31, 2025 and 2024, and its financial performance and its 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 audit in accordance with the "Regulations Governing Auditing and Certification of Financial Statements by 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 Financial Statements section of our report. We are independent of the Company in accordance with the Certified Public Accountants Code of Professional Ethics in Republic of China ("the Code"), and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of 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 financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. In our judgment, the key audit matters that should be communicated in the audit report are as follows:

1. Valuation of Inventories

Please refer to note (4)(g) "Inventories" for accounting policies with respect to valuating inventories; note (5) "Valuation of inventories" for accounting estimates and uncertainties of affairs for inventory valuation; and to note (6)(d) for the information regarding the estimation of net realizable value of inventories.

Description of key audit matter:

The inventory is measured at the lower of cost or net realizable value. The Company produces the electronic products which are customized with short life cycle; therefore, if the quantities of products manufactured are more than the quantities of customers’ order, the book value of inventory may be lower than net realizable value of inventories. Therefore, the valuation of inventories is one of the significant assessment items in our audit procedures.

How the matter was addressed in our audit:

Notes 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 the accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit such parent company only financial statements are those generally accepted and applied in the Republic of China.

Our main audit procedures for the aforementioned key audit matter included: assessing whether the policies for the inventory valuation of the Company are in accordance with the related accounting standards; inspecting the aging inventory reports; analyzing the changes in the aging reports, as well as testing the classification of the range of the aging and the calculation at the lower of cost or net realizable value.

Operating Revenue and investment accounted for using equity method-operation revenue from subsidiaries

Please refer to note (4)(n) "revenue recognition" of the consolidated financial statements for the accounting policies of operating revenue recognition.

Description of key audit matter:

The main activities of the Company and subsidiaries include researching-developing, manufacturing and selling the parts of hinge. The operating revenue is a significant item for the financial statements, and the amounts and the changes of operating revenue may affect the users’ understanding of the entire financial statements. Therefore, the test of revenue recognition that follows by related regulations is one of the significant assessment items in our audit procedures.

How the matter was addressed in our audit:

Our main audit procedures for the aforementioned key audit matter included: testing both the Company and subsidiaries related controls surrounding revenue recognition in the sales and collection cycle and financial statements reporting; performing the detailed test of sales; as well as selectively conducting confirmations on accounts receivables; evaluating whether the timing of the operating revenue recognition of the Company and subsidiaries are in accordance with the related accounting standards.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

Management is responsible for the preparation and fair presentation of the 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 financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the 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.

Auditors’ Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the 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 the 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 financial statements.

Notes to Readers

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 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 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 financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
6、 Obtain sufficient and appropriate audit evidence regarding the financial information of the investment in other entities accounted for using the equity method to express an opinion on theses 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.

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 financial statements of the current period 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.

Notes to Readers

The engagement partners on the audit resulting in this independent auditors’ report are Szu-Chuan Chien and YiuKwan Au.

KPMG

Taipei, Taiwan (Republic of China) March 5, 2026

Notes to Readers

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

SINHER TECHNOLOGY INC.

Balance Sheets

December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars)

December 31, 2025 Amount % $ 102,961 3 973,380 28 47,386 1 223,924 7 5,700 - 194,176 6 1,574 - 12,477 -	December 31, 2025 Amount % $ 102,961 3 973,380 28 47,386 1 223,924 7 5,700 - 194,176 6 1,574 - 12,477 -	December 31, 2024 Amount % 1,223,064 33 - - 55,665 2 197,667 5 8,695 - 198,016 6 4,596 - 4,271 - 1,691,974 46 1,271,010 34 623,714 17 78,095 2 36,485 1 5,456 - 7,010 - 2,021,770 54 3,713,744 100 Liabilities and Equity Current liabilities: 2170 Accounts payable 2180 Accounts payable to related parties (note (7)) 2200 Other payables (note (7)) 2230 Current tax liabilities 2280 Current lease liabilities (note (6)(i)) Non-Current liabilities: 2570 Deferred tax liabilities (note (6)(l)) 2580 Non-current lease liabilities (note (6)(i)) 2550 Non-current Provisions (note (6)(j)) Total liabilities Equity: (note (6)(m)) 3110 Ordinary share 3200 Capital surplus Retained earnings: 3310 Legal reserve 3320 Special reserve 3350 Unappropriated retained earnings 3410 Exchange differences on translation of foreign financial statements 3500 Treasury shares Total equity Total liabilities and equity	December 31, 2025	December 31, 2025	December 31, 2024 Amount % 15,342 - 37,629 1 95,188 3 6,427 - 2,905 -
Amount		Amount	Amount	%
$ 102,961 973,380 47,386 223,924 5,700 194,176 1,574 12,477		1,223,064 - 55,665 197,667 8,695 198,016 4,596 4,271	$ 8,788 - 24,816 1 75,068 2 8,051 - 2,941 -
			119,664 3		157,491 4
			43,919 1 52,759 2 22,038 1		64,247 2 55,701 1 21,748 1
1,561,578	45	1,691,974
1,188,650 584,973 73,823 23,728 5,456 5,428	35 17 2 1 - -	1,271,010 623,714 78,095 36,485 5,456 7,010
			118,716 4		141,696 4
			238,380 7 744,172 22		299,187 8
					744,172 20
			440,035 13		440,035 12
			511,966 15 18,484 - 1,552,474 45		504,778 14 46,005 1 1,729,151 46
1,882,058	55	2,021,770
			2,082,924 60		2,279,934 61
			(30,775) (1)		(18,484) -
			(31,100) (1)		(31,100) (1)
			3,205,256 93		3,414,557 92

$ 3,443,636	100	3,713,744	$ 3,443,636 100		3,713,744 100

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Statements of Comprehensive Income

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars , Except for Earnings Per Share)

2025	% 100 76	2024	% 100 69
Amount $ 585,511 446,383		Amount $ 662,460 455,785
139,128	24	206,675	31
13,537 72,098 40,587	2 13 7	50,389 78,604 48,551	8 12 7
126,222	22	177,544	27
12,906	2	29,131	4
23,870 2,828 (93,395) (1,023) (71,668) (104)	4 - (16) - (12) -	29,179 1,187 (20,498) (1,423) 50,970 (97)	4 - (3) - 8 -
(139,492)	(24)	59,318	9
(126,586) (3,173)	(22) (1)	88,449 17,082	13 2
(123,413)	(21)	71,367	11
24 4	- -	648 130	- -
20	-	518	-
(15,363) (3,072)	(3) (1)	34,401 6,880	5 1
(12,291)	(2)	27,521	4
(12,271) $ (135,684)	(2)	28,039	4
	(23)	99,406	15
$	(1.68)		0.97
$	(1.68)		0.97

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Statements of Changes in Equity

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars)

Retained earnings	Retained earnings	Retained earnings	Exchange differences on translation of foreign financial statements	Treasury shares
Legal reserve	Special reserve	Ordinary shares 1,750,151
504,399 379 - - 379 - - - 504,778 7,188 - - 7,188 - - - 511,966	27,116		(46,005)	(31,100)
	- 18,889 -	(379) (18,889) (73,617)	- - -	- - -
	18,889	(92,885)	-	-
	- -	71,367 518	- 27,521	- -
	-	71,885	27,521	-
			(18,484) - - -	(31,100) - - -
	(27,521) (53,284)		-	-
	- -	(123,413) 20	- (12,291)	- -
	-	(123,393)	(12,291)	-
	18,484	1,552,474	(30,775)	(31,100)

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Statements of Cash Flows

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars)

AAAA Cash flows from (used in) operating activities: A10000 Profit (loss) before tax A20000 Adjustments: A20010 Adjustments to reconcile profit (loss): A20100 Depreciation expense A20200 Amortization expense A20300 Expected credit impairment loss (or reversed) A20900 Interest expense A21200 Interest income A22400 Share of loss (gain) of associates and joint ventures accounted for using equity method A29900 Others A20010 Total adjustments to reconcile profit (loss) A30000 Changes in operating assets and liabilities: A31000 Changes in operating assets: A31150 Increase in notes and accounts receivable A31190 Decrease (increase) in other receivables from related parties A31200 Decrease (increase) in inventories A31240 Decrease in other current assets A31250 Decrease in other current financial assets A31990 Others A31000 Total changes in operating assets A32000 Changes in operating liabilities: A32125 Decrease in contract liabilities A32150 Increase (decrease) in accounts payable A32180 Increase (decrease) in other payables A32000 Total changes in operating liabilities A30000 Total changes in operating assets and liabilities A20000 Total adjustments A33000 Cash inflow generated from operations A33100 Interest received A33300 Interest paid A33500 Income taxes paid AAAA Net cash flows from (used in) operating activities BBBB Cash flows from (used in) investing activities: B00040 Acquisition of financial assets at amortized cost B01800 Acquisition investments accounted for using equity method B02700 Acquisition of property, plant and equipment B04500 Acquisition of intangible assets BBBB Net cash flows from (used in) investing activities CCCC Cash flows from (used in) financing activities: C04020 Payment of lease liabilities C04500 Cash dividends paid CCCC Net cash flows from (used in) financing activities EEEE Net increase (decrease) in cash and cash equivalents E00100 Cash and cash equivalents at beginning of period E00200 Cash and cash equivalents at end of period	2025 $ (126,586)	2024 88,449 80,270 2,315 (20) 1,423 (29,179) 20,498 3 75,310 (31,716) (1,901) (32,291) 710 99 (170) (65,269) (17,140) 13,138 22,485 18,483 (46,786) 28,524 116,973 29,787 (1,161) (32,934) 112,665 - (48,755) (59,267) (2,373) (110,395) (2,195) (73,617) (75,812) (73,542) 1,296,606 1,223,064
	66,986 2,045 19 1,023 (23,870) 93,395 (1,423)
	138,175
	(17,997) 2,995 3,840 1,324 378 104
	(9,356)
	- (19,367) (20,120)
	(39,487)
	(48,843)
	89,332
	(37,254) 26,514 (733) (9,236)
	(20,709)
	(973,380) (26,398) (24,753) (543)
	(1,025,074)
	(703) (73,617)
	(74,320)
	(1,120,103) 1,223,064
	$ 102,961

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(1) Company history

Sinher Technology Inc. (the "Company") was incorporated in January, 2002 as a company limited by shares and registered under the Ministry of Economic Affairs, R.O.C. The address of the Company’s registered office is No. 27-1, Ln. 169, Kangning St., Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) The major business activities of the Company are involved the research, development, manufacture and sale of Hinge. The Company’s common shares were listed in June, 2013 on the Taiwan Stock Exchange (TWSE).

(2) Approval date and procedures of the financial statements

These accompanying parent-company-only financial statements were authorized for issuance by the Board of Directors on March 5, 2026.

(3) New standards, amendments and interpretations adopted
(a) The impact of the International Financial Reporting Standards (“IFRSs”) endorsed by the Financial Supervisory Commission, R.O.C. (“FSC”) which have already been adopted.

The Company has initially adopted the new amendments, which do not have a significant impact on its consolidated financial statements, from January 1, 2025:

‧Amendments to IAS 21 “Lack of Exchangeability”
(b) The impact of IFRSs issued by FSC but not yet effective

The Company assesses that the adoption of the new amendments, effective for annual period beginning on January 1, 2026, would not have a significant impact on its consolidated financial statements:

‧IFRS 17 “Insurance Contracts” and amendments to IFRS 17 “Insurance Contracts”
‧Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments”
‧Annual Improvements to IFRS Accounting Standards—Volume 11
‧Amendments to IFRS 9 and IFRS 7 “Contracts Referencing Nature-dependent Electricity”
(c) The impact of IFRSs issued by IASB but not yet endorsed by the FSC

New, Revised or

New, Revised or
Amended Standards		Effective date per
and Interpretations	Content of amendment	IASB
IFRS 18 “Presentation	The new standard introduces three categories of income and expenses, two income	January 1, 2027
and Disclosure in	statement subtotals and one single note on management performance measures. The three	Note: On
Financial Statements	amendments, combined with enhanced guidance on how to disaggregate information, set	September 25,
	the stage for better and more consistent information for users, and will affect all the	2025, the FSC
	entities.	issued a press
	• A more structured income statement: under current standards, companies use	release announcing
	different formats to present their results, making it difficult for investors to	that Taiwan will
	compare financial performance across companies. The new standard promotes a	adopt IFRS 18
	more structured income statement, introducing a newly defined ‘operating profit’	beginning in 2028.
	subtotal and a requirement for all income and expenses to be allocated between	Entities that need
	three new distinct categories based on a company’s main business activities.	to adopt the new

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

•	Management performance measures (MPMs): the new standard introduces a	standard earlier
	definition for management performance measures, and requires companies to	may do with the
	explain in a single note to the financial statements why the measure provides	endorsement of the
	useful information, how it is calculated and reconciles it to an amount determined	FSC.
	under IFRS Accounting Standards.
•	Greater disaggregation of information: the new standard includes enhanced
	guidance on how companies group information in the financial statements. This
	includes guidance on whether information is included in the primary financial
	statements or is further disaggregated in the notes.

The Company is evaluating the impact of its initial adoption of the above mentioned standards or interpretations on its consolidated financial position and consolidated financial performance. The result thereof will be disclosed when the Company completes its evaluation.

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

“
• Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and Its Associate or Joint Venture”
“ ”
• IFRS 19 Subsidiaries without Public Accountability: Disclosures and amendments to IFRS 19 "Subsidiaries without Public Accountability: Disclosures"
Amendments to IAS 21 "Translation to a Hyperinflationary Presentation Currency"

(4) Summary of significant accounting policies

(a) Statement of compliance

These financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers (hereinafter referred to as "the Regulations").

(b) Basis of preparation
(i) Basis of measurement

Except for the following significant accounts, the financial statements have been prepared on the historical cost basis:

1) Financial instruments measured at fair value through profits or losses are measured at fair value.
2) The defined benefit liabilities (or assets) are measured at fair value of the plan assets less the present value of the defined benefit obligation, limited as explained in note (4)(n).
(ii) Functional and presentation currency

The functional currency of each Company entities is determined based on the primary economic environment in which the entities operates. The financial statements are presented in New Taiwan Dollar (NTD), which is the Company’s functional currency. All financial information presented in NTD has been rounded to the nearest thousand.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(c) Foreign currencies
(i) Foreign currency transactions

Transactions in foreign currencies are translated into the respective functional currencies of Company entities at the exchange rates at the dates of the transactions. At the end of each subsequent reporting period, monetary items denominated in foreign currencies are translated into the functional currencies using the exchange rate at that date. Non-monetary items denominated in foreign currencies that are measured at fair value are translated into the functional currencies using the exchange rate at the date that the fair value was determined. Non-monetary items denominated in foreign currencies that are measured based on historical cost are translated using the exchange rate at the date of the transaction. Exchange differences are generally recognized in profit or loss.

(ii) Foreign operations

The assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated into the presentation currency at the exchange rates at the reporting date. The income and expenses of foreign operations, are translated into the presentation currency at the average exchange rate. Exchange differences are recognized in other comprehensive income.

When a foreign operation is disposed of such that control, significant influence or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. When the Company disposes of only part of its interest in a subsidiary that includes a foreign operation while retaining control, the relevant proportion of the cumulative amount is reattributed to non-controlling interest. When the Company disposes of only part of investment in an associate or joint venture that includes a foreign operation while retaining significant or joint control, the relevant proportion of the cumulative amount is reclassified to profit or loss.

When the settlement of a monetary item receivable from or payable to a foreign operation is neither planned nor likely to occur in the foreseeable future, Exchange differences arising from such monetary items that are considered to form part of the net investment in the foreign operation are recognized in other comprehensive income.

(d) Classification of current and non-current assets and liabilities

An asset is classified as current under one of the following criteria, and all other assets are classified as non-current.

(i) It is expected to be realized, or intended to be sold or consumed, in the normal operating cycle;
(ii) It is held primarily for the purpose of trading;
(iii) It is expected to be realized within twelve months after the reporting period; or
(iv) The asset is cash or a cash equivalent (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

A liability is classified as current under one of the following criteria, and all other liabilities are classified as non-current.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

An entity shall classify a liability as current when:

(i) It is expected to be settled in the normal operating cycle;
(ii) It is held primarily for the purpose of trading;
(iii) It is due to be settled within twelve months after the reporting period; or
(iv) The Company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period.
(e) Cash and cash equivalents

Cash comprises cash on hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. Time deposits which meet the above definition and are held for the purpose of meeting short-term cash commitments rather than for investment or other purposes are recognized as cash equivalents.

(f) Financial instruments

Accounts receivables and debt securities issued are initially recognized when they are originated. All other financial assets and financial liabilities are initially recognized when the Company becomes a party to the contractual provisions of the instrument. A financial asset (unless it is an accounts receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at fair value through profit or loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. An accounts receivable without a significant financing component is initially measured at the transaction price.

(i) Financial assets

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

On initial recognition, a financial asset is classified as measured at amortized cost. Financial assets are not reclassified subsequent to their initial recognition unless the Company changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model.

1) Financial assets measured at amortized cost

A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL:

‧ it is held within a business model whose objective is to hold assets to collect contractual cash flows; and
‧ its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

These assets are subsequently measured at amortized cost, which is the amount at which the financial asset is measured at initial recognition, plus/minus, the cumulative amortization using the effective interest method, adjusted for any loss allowance. Interest income, foreign exchange gains and losses, as well as impairment, are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss.

2) Impairment of financial assets

The Company recognizes loss allowances for expected credit losses (ECL) on financial assets measured at amortized cost (including cash and cash equivalents, notes and accounts receivables, other receivable, guarantee deposit paid and other financial assets).

The Company measures loss allowances at an amount equal to lifetime ECL, except for the following which are measured as 12-month ECL:

‧ debt securities that are determined to have low credit risk at the reporting date; and
‧ other debt securities and bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition.

Loss allowance for accounts receivables and contract assets are always measured at an amount equal to lifetime ECL.

When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECL, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis based on the Company's historical experience and informed credit assessment as well as forward-looking information.

The Company assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due.

The Company considers a financial asset to be in default when the financial asset is more than 90 days past due or the debtor is unlikely to pay its credit obligations to the Company in full.

The Company considers a debt security to have low credit risk when its credit risk rating is equivalent to the globally understood definition of “investment grade which is considered to be BBB- or higher per Standard & Poor’s, Baa3 or higher per Moody’s or twA or higher per Taiwan Ratings”.

Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument.

12-month ECL is the portion of ECL that results from default events that are possible within the 12 month after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months).

The maximum period considered when estimating ECL is the maximum contractual period over which the Company is exposed to credit risk.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

ECL is a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e the difference between the cash flows due to the Company in accordance with the contract and the cash flows that the Company expects to receive). ECL is discounted at the effective interest rate of the financial asset.

At each reporting date, the Company assesses whether financial assets carried at amortized cost is credit-impaired. A financial asset is “credit-impaired” when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Evidences that financial assets are credit-impaired includes the following observable data:

‧ significant financial difficulty of the borrower or issuer;
‧ a breach of contract such as a default or being more than 90 days past due;
‧ the lender of the borrower, for economic or contractual reasons relating to the borrower's financial difficulty, having granted to the borrower a concession that the lender would not otherwise consider;
‧ it is probable that the borrower will enter bankruptcy or other financial reorganization; or
‧ the disappearance of an active market for a security because of financial difficulties.

Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets.

The gross carrying amount of a financial asset is written off when the Company has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For corporate customers, the Company individually makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery. The Company expects no significant recovery from the amount written off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with the Company’s procedures for recovery of amounts due.

3) Derecognition of financial assets

The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.

The Company enters into transactions whereby it transfers assets recognized in its statement of balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognized.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(ii) Financial liabilities and equity instruments
1) Classification of debt or equity

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

2) Equity instrument

An equity instrument is any contract that evidences residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued are recognized as the amount of consideration received, less the direct cost of issuing.

3) Treasury Shares

When shares recognized as equity are repurchased, the amount of the consideration paid, including directly attributable costs, is recognized as a deduction from equity. Repurchased shares are classified as treasury shares. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is recognized in capital surplus or retained earnings (if the capital surplus is not sufficient to cover the deficiency).

4) Financial liabilities

Financial liabilities classified as measured at amortized cost are subsequently measured at amortized cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognized in profit or loss. Any gain or loss on derecognition is also recognized in profit or loss.

5) Derecognition of financial liabilities

The Company derecognizes a financial liability when its contractual obligations are discharged or cancelled, or expire. The Company also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value.

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

6) Offsetting of financial assets and liabilities

Financial assets and financial liabilities are offset and the net amount presented in the statement of balance sheet when, and only when, the Company currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(g) Inventories

Inventories are measured at the lower of cost and net realizable value. The cost of inventories is calculated using the weighted average method, and includes expenditure incurred in acquiring the inventories, production or conversion costs, and other costs incurred in bringing them to their present location and condition. In the case of manufactured inventories and work in progress, cost includes an appropriate share of production overheads based on normal operating capacity.

Net realizable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and selling expenses.

(h) Investment in subsidiaries

When preparing the parent-company-only financial statements, investment in subsidiaries which are controlled by the Company is accounted for using the equity method. Under the equity method, the amounts of net income, other comprehensive income and equity attributable to shareholders of the Company in the parent-company-only financial statement are equal to those in the consolidated financial statements.

Changes in the Company’s ownership interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions.

(i) Property, plant and equipment
(i) Recognition and measurement

Items of property, plant and equipment are measured at cost, which includes capitalized borrowing costs, less accumulated depreciation and any accumulated impairment losses.

If significant parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss.

(ii) Subsequent expenditure

Subsequent expenditure is capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the Company.

(iii) Depreciation

Depreciation is calculated on the cost of an asset less its residual value and is recognized in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment.

Land is not depreciated.

The estimated useful lives of property, plant and equipment for current and comparative periods are as follows:

1) Buildings: 3~30 years

2) Machinery equipment: 3~10 years See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

3) Office and other equipment: 3~8 years

Buildings and equipment constitutes mainly building, mechanical and electrical power equipment and its related facilities, etc. Each such part is depreciated based on its useful life.

Depreciation methods, useful lives and residual values are reviewed at each annual reporting date and adjusted if appropriate.

(j) Leases

At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

(i) As a leasee

The Company recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.

The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be reliably determined, and the Company’s incremental borrowing rate. Generally, the Company uses its incremental borrowing rate as the discount rate.

Lease payments included in the measurement of the lease liability comprise the following:

－
fixed payments, including in-substance fixed payments;
－ variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date

The lease liability is measured at amortized cost using the effective interest method. It is remeasured when:

－ there is a change in future lease payments arising from the change in an index or rate; or
－ there is a change of its assessment on whether it will exercise an extension or termination option; or
－ there is any lease modifications

When the lease liability is re-measured, other than lease modifications, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or in profit and loss if the carrying amount of the right-of-use asset has been reduced to zero.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

When the lease liability is re-measured to reflect the partial or full termination of the lease for lease modifications that decrease the scope of the lease, the Company accounts for the remeasurement of the lease liability by decreasing the carrying amount of the right-of-use asset to reflect the partial or full termination of the lease, and recognize in profit or loss any gain or loss relating to the partial or full termination of the lease.

The Company presents right-of-use assets that do not meet the definition of investment and lease liabilities as a separate line item respectively in the statement of financial position.

The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and lease of low-value assets, including office equipment, dormitory, vehicles and parking space. The Company recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term.

As a practical expedient, the Company elects not to assess all rent concessions that meets all the conditions as follows are lease modifications or not:

－
the rent concessions occurring as a direct con sequence of the COVID-19 pandemic;
－ the change in lease payments results in revised consideration for the lease that is substantially the same as, or less than, the consideration for the lease immediately preceding the change;
－ any reduction in lease payments affects only payments originally due on or before 30 June 2022; and
－ there is no substantive change to other terms and conditions of the lease.

In accordance with the practical expedient, the effect of the change in the lease liability is reflected in profit or loss in the period in which the event or condition that triggers the rent concession occurs.

(ii) As a lessor

When the Company acts as a lessor, it determines at lease commencement whether each lease is a finance lease or an operating lease. To classify each lease, the Company makes an overall assessment of whether the lease transfers to the lessee substantially all of the risks and rewards of ownership incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease; if not, then the lease is an operating lease. As part of this assessment, the Company considers certain indicators such as whether the lease is for the major part of the economic life of the asset.

When the Company is an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately. It assesses the lease classification of a sub-lease with reference to the right-of-use asset arising from the head lease. If a head lease is a short-term lease to which the Company applies the exemption described above, then it classifies the sub-lease as an operating lease.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(k) Provisions

A provision is recognized if, as a result of a past event, the Company has a present obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects the current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as finance cost.

(i) Site restoration

The estimated obligations of the Company to dismantle, relocate and restore the property, plant and equipment that were initially acquired of subsequently used for a period of time are recognized as the cost of the assets and liabilities. (l) Intangible assets

(i) Recognition and measurement

Goodwill arising on the acquisition of subsidiaries is measured at cost, less accumulated impairment losses.

Expenditure on research activities is recognized in profit or loss as incurred.

Development expenditure is capitalized only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Company intends to, and has sufficient resources to, complete development and to use or sell the asset. Otherwise, it is recognized in profit or loss as incurred. Subsequent to initial recognition, development expenditure is measured at cost, less accumulated amortization and any accumulated impairment losses.

Other intangible assets that are acquired by the Company and have finite useful lives are measured at cost less accumulated amortization and any accumulated impairment losses.

(ii) Subsequent Expenditure

Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognized in profit or loss as incurred.

(iii) Amortization

Amortization is calculated over the cost of the asset, less its residual value, and is recognized in profit or loss on a straight-line basis over the estimated useful lives of main intangible asset, computer software, other than goodwill, from the date that they are available for use. The estimated useful lives of computer software for the current and comparative periods are 1~10 years.

Amortization methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(m) Impairment of non-financial assets

At each reporting date, the Company reviews the carrying amounts of its non-financial assets (other than inventories and deferred tax assets) to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. Goodwill is tested annually for impairment.

For impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. Goodwill arising from a business combination is allocated to CGUs or groups of CGUs that are expected to benefit from the synergies of the combination.

The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. Value in use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU.

An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its recoverable amount.

Impairment losses are recognized in profit or loss. They are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis.

An impairment loss in respect of goodwill is not reversed. For other assets, an impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.

(n) Revenue from contracts with customers

Revenue is measured based on the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control of a good to a customer. The accounting policies for the Company’s main types of revenue are explained below.

(i) Sale of goods

The Company manufactures hinge components and sells them to electronic manufacturers. The Company recognizes revenue when control of the products has transferred, being when the products are delivered to the customer, the customer has full discretion over the channel and price to sell the products, and there is no unfulfilled obligation that could affect the customer’s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the customer, and either the customer has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed, or the Company has objective evidence that all criteria for acceptance have been satisfied.

A receivable is recognized when the goods are delivered as this is the point in time that the Company has a right to an amount of consideration that is unconditional.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(ii) Financing components

The Company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, the Company does not adjust any of the transaction prices for the time value of money.

(o) Employee benefits
(i) Defined contribution plans

Obligations for contributions to defined contribution plans are expensed as the related service is provided. Prepaid allocations are recognized as an asset to the extent that they will result in a return of cash or a reduction in future payments.

(ii) Defined benefit plans

The Company’s net obligation in respect of defined benefit plans is calculated separately for each the plan by estimating the amount of future benefit that employees have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets.

The calculation of defined benefit obligations is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a potential asset for the Company, the recognized asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. To calculate the present value of economic benefits, consideration is given to any applicable minimum funding requirements.

Re-measurements of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are recognized immediately in other comprehensive income, and accumulated in retained earnings within equity. The Company determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then-net defined benefit liability (asset). Net interest expense and other expenses related to defined benefit plans are recognized in profit or loss.

When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognized immediately in profit or loss. The Company recognizes gains and losses on the settlement of a defined benefit plan when the settlement occurs.

(iii) Short-term employee benefits

Short-term employee benefits are expensed as the related service is provided. A liability is recognized for the amount expected to be paid if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(p) Share-based payment

The grant-date fair value of equity-settled share-based payment arrangements granted to employees is generally recognized as an expense, with a corresponding increase in equity, over the vesting period of the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognized is based on the number of awards that meet the related service and non-market performance conditions at the vesting date.

For share-based payment awards with non-vesting conditions, the grant-date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes.

(q) Income taxes

Income taxes comprise current taxes and deferred taxes. Except for expenses related to business combinations or recognized directly in equity or other comprehensive income, all current and deferred taxes are recognized in profit or loss.

The Company has determined that interest and penalties related to income taxes, including uncertain tax treatment, do not meet the definition of income taxes, and therefore accounted for them under IAS37.

Current taxes comprise the expected tax payables or receivables on the taxable profits (losses) for the year and any adjustment to the tax payable or receivable in respect of previous years. The amount of current tax payables or receivables are the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date.

Deferred taxes arise due to temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their respective tax bases. Deferred taxes are recognized except for the following:

(i) Assets or liabilities originally recognized in transactions that are not part of a business combination, and at the time of the transaction.
1) do not affect neither accounting nor taxable profits (losses), and
2) do not generate equal taxable and deductible temporary differences
(ii) temporary differences related to investments in subsidiaries, associates and joint arrangements to the extent that the Company is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future; and
(iii) taxable temporary differences arising on the initial recognition of goodwill.

Deferred tax assets are recognized for the carry forward of unused tax losses, unused tax credits, and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefits will be realized; such reductions are reversed when the probability of future taxable profits improves.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Deferred taxes are measured at tax rates that are expected to be applied to temporary differences when they reserve, using tax rates enacted or substantively enacted at the reporting date, and reflect uncertainty related to income taxes, if any.

Deferred tax assets and liabilities are offset if the following criteria are met:

(i) the Company has a legally enforceable right to set off current tax assets against current tax liabilities; and
(ii) the deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority on either:
1) the same taxable entity; or
2) different taxable entities which intend to settle current tax assets and liabilities on a net basis, or to realize the assets and liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

The surtax on the Company’s undistributed earnings is recoded as current tax expense in the following year after the resolution to appropriate retained earnings is approved in a stockholders’ meeting.

(r) Earnings per share

The Company discloses the Company’s basic and diluted earnings per share attributable to ordinary shareholders of the Company. Basic earnings per share is calculated as the profit attributable to ordinary shareholders of the Company divided by the weighted average number of ordinary shares outstanding. Diluted earnings per share is calculated as the profit attributable to ordinary shareholders of the Company divided by the weighted average number of ordinary shares outstanding after adjustment for the effects of all potentially dilutive ordinary shares, such as employee compensation.

(s) Operating segments

The operating segment information is disclosed within the consolidated financial statements but not disclosed in the parent-company-only financial statement.

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

In preparing these consolidated financial statements, management has made judgments and estimates about the future, including climate-related risks and opportunities, that affect the application of the accounting policies and the reported amount of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis and are consistent with the Company’s risk management and climate-related commitments where appropriate. Revisions to estimates are recognized prospectively in the period of the change and future periods.

There are no critical judgments in applying the accounting policies that have significant effects on the amounts recognized in the financial statements.

Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year is as follows:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Valuation of inventories

As inventories are stated at the lower of cost or net realizable value, the net realizable value of the inventory is mainly determined based on assumptions as to future sales price. Due to the industrial and market changes, there may be changes in the net realizable value of inventories. Please refer to note (6)(d) for further description on the valuation of inventories.

(6) Explanation of significant accounts
(a) Cash and cash equivalents

Cash on hand Checking accounts and demand deposits Time deposits	December 31, 2025	December 31, 2024 120 147,890 - 1,075,054
	$ 121 102,840
	$ 102,961	1,223,064

Please refer to note (6)(q) for the sensitivity analysis for foreign currency of the financial assets and liabilities of the Company.

(b) Financial assets at amortized costs

December 31, 2025 December 31, 2024 Time deposits with original maturities of more than 3 months $ 973,380 -	December 31, 2025	December 31, 2024

The Group has assessed that these financial assets are held to maturity to collect contractual cash flows, which consist solely of payments of principal and interest on the principal amount outstanding. Therefore, these investments were classified as financial assets measured at amortized cost.

For the year ended December 31, 2025, the interest rate range for the aforementioned financial assets was between 1.56%~1.71%.

As of December 31, 2025, the Group did not provide any aforementioned financial assets as collaterals for its loans.

Notes receivable Accounts receivable Less: loss allowance Notes receivable and Accounts receivable, net Accounts receivable due from related parties	December 31, 2025	December 31, 2024
	$ 150 271,212	177 253,188 253,365 (33) 253,332 55,665 197,667
	271,362 (52)
	$ 271,310
	$ 47,386
	$ 223,924

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

The Company applies the simplified approach to provide for its expected credit losses, i.e. the use of lifetime expected loss provision for all receivables. To measure the expected credit losses, notes and accounts receivables have been grouped based on shared credit risk characteristics and the days past due, as well as incorporated forward looking information, including the reasonable prediction of historical credit loss experience and future economic situation.

The loss allowance provision was determined as follows:

December 31, 2025	December 31, 2025	Loss allowance provision - 49 3 52 Loss allowance provision - 33 -
Gross carrying amount $ 223,924 44,929 2,509
$ 271,362
Gross carrying amount $ 197,667 54,597 1,101	Weighted-avera ge loss rate 0 % 0.060% 0%
$ 253,365		33

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

Balance on January 1 Impairment loss recognized (reversed) Balance on December 31	2025
	$ 52 33

As of December 31, 2025 and 2024, the Company did not provide any receivables as collaterals for its loans.

(d) Inventories

Raw materials Work in progress Finished goods	December 31, 2025	December 31, 2024 196,152 962 902 198,016
	$ 191,893 1,268 1,015
	$ 194,176

For the year ended 2025 and 2024, the details of cost of goods sold were as follows:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Cost of goods sold Gain from price recovery of inventories Income from sale of scraps Loss from inventory scrapped Unallocated manufacturing overhead Other		December 31, 2025		December 31, 2024 429,175 (10,253) (1,971) 27,843 9,587 1,404 455,785
		$ 427,976 (10,911) (8,458) 21,544 12,859 3,373
		$ 446,383

As the factor which previously caused the inventory cost to be lower than the net realizable value no longer existed, the Group recorded gain from price recovery of inventory as a deduction of operating costs.

As of December 31, 2025 and 2024, the Company did not provide any inventories as collateral for its loans.

(e) Investment accounted for using equity method

A summary of the Company’s financial information for equity-accounted investees at the reporting date is as follows:

date is as follows:
Subsidiaries	December 31, 2025	December 31, 2024
	$ 1,188,650	1,271,010

Please refer to note (4)(c) of the consolidated financial statement for the year ended December 31, 2025.

As of December 31, 2025 and 2024, the Company did not provide any investments accounted for using equity method as collateral for its loans.

(f) Property, plant and equipment

The costs, depreciations, and impairments of the property, plant and equipment of the Company were as follows:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Land $ 362,813 - - -	Buildings and construction	Machinery equipment	Office and other facilities equipment	Unfinished construction and equipment under acceptance	Total 909,070 24,753 (158,332) (780)
	258,217 - (9,487) - 248,730	253,277 953 (135,908) - 118,322	22,161 1,337 (12,937) - 10,561	12,602 22,463 - (780) 34,285
$ 362,813					774,711
$ 362,813 - - -	183,016 48,571 (3,370) 30,000	299,417 2,300 (48,440) -	25,675 1,191 (4,877) 172	5,569 7,205 - (172) 12,602	876,490 59,267 (56,687) 30,000
$ 362,813	258,217	253,277	22,161		909,070
$ - - -	81,469 14,890 (9,487)	188,037 43,593 (135,908)	15,850 4,231 (12,937)	- - -	285,356 62,714 (158,332)
$ -	86,872	95,722	7,144	-	189,738
$ - - -	69,855 14,984 (3,370)	181,431 55,046 (48,440)	14,667 6,057 (4,874)	- - -	265,953 76,087 (56,684)
$ -	81,469	188,037	15,850	-	285,356
$ 362,813	161,858	22,600	3,417	34,285	584,973
$ 362,813	113,161	117,986	11,008	5,569	610,537
$ 362,813	176,748	65,240	6,311	12,602	623,714

As of December 31, 2025 and 2024, the property, plant and equipment of the Company had not been pledged as collateral.

(g) Right-of-use assets

The cost and depreciation of the right-of-use assets of the Company for the year ended December 31, 2025 and 2024 were as follows:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(Expressed in thousands of New Taiwan	Dollars, unless o
Cost: Balance on January 1, 2025 (same as balance on December 31, 2025) Balance on January 1, 2024 Increase Balance on December 31, 2024 Accumulated depreciation and impairments: Balance on January 1, 2025 Depreciation for the period Balance on December 31, 2025 Balance on January 1, 2024 Depreciation for the period Balance on December 31, 2024 Carry amounts: Balance on December 31, 2025 Balance on January 1, 2024 Balance on December 31, 2024	Land
	$ 82,859 $ 2,583 80,276 $ 82,859 $ 4,764 4,272 $ 9,036 $ 581 4,183 $ 4,764 $ 73,823 $ 2,002 $ 78,095

(Expressed in thousands of New Taiwan

Dollars, unless o

Cost:
Balance on January 1, 2025 (same as balance on
December 31, 2025)
Balance on January 1, 2024
Increase
Balance on December 31, 2024
Accumulated depreciation and impairments:
Balance on January 1, 2025
Depreciation for the period
Balance on December 31, 2025
Balance on January 1, 2024
Depreciation for the period
Balance on December 31, 2024
Carry amounts:
Balance on December 31, 2025
Balance on January 1, 2024
Balance on December 31, 2024

Land

$
82,859
$ 2,583
80,276
$
82,859
$ 4,764
4,272
$
9,036
$ 581
4,183
$
4,764
$
73,823
$
2,002
$
78,095

On February 1, 2024, the Company entered into a lease agreement with the National Property Administration, Ministry of Finance for the use of nation-owned land in the Guangming section of Keelung City, and made a provision for liabilities for the plant’s demolition and restoration obligations. Please refer to note (6)(j) for details.

(h) Short-term borrowings

	December 31, 2024 Range of interest rates Amount	December 31, 2024 Range of interest rates Amount
Currency	Range of interest rates
NTD	-	$ -
		$ 3,279

As of December 31, 2025, the Company has no unused short-term credit lines.

As of December 31, 2025 and 2024, the Company did not provide any assets pledged as collaterals.

(i) Lease liabilities

The lease liabilities of the Company were as follows:

Current Non-current	December 31, 2025	December 31, 2024
	$ 2,941	2,905
	$ 52,759	55,701

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

For maturity analysis, please refer to note 6(q).

The amounts recognized in profits or losses were as follows: Interest on lease liabilities Expenses relating to short-term leases Expenses relating to leases of low-value assets, (excluding short-term leases of low-value assets) The amounts recognized in the statement of cash flows for the Company was as follows: Total cash outflow for leases	2025	2024
	$ 733 $ 2,260 $ 181 2025	1,161
		2,233
		181
		2024
	$ 3,877	5,770

(i) Leases of land

The Company leases land for a period of 10 to 20 years, partial leases include an option to extend the lease for the same period as the original contract at the end of the lease term.

(ii) Other leases

The Company leases office equipment, employee’s dormitory, vehicles and parking spaces with contract terms of one year. These leases are short-term or lower values. The Company has elected not to recognize right-of-use assets and lease liabilities for these leases.

(j) Provision

The provisions of the Company were as follows:

Non-current e movements in the provisions were as follows: Balance on January 1 Addition Amortization Balance on December 31	December 31, 2025 $ 22,038	December 31, 2024
		21,748
	2025 $ 21,748 - 290	2024 - 21,486 262 21,748
	$ 22,038

The movements in the provisions were as follows:

The Company sets aside a provision for liabilities related to the obligation to demolish and restore the factory building to its original state, and estimates the provision for liabilities on a period by period basis using the discount rate at the time of estimating the restoration cost. The amounts were estimated based on historical data from past experiences of identical or similar demolish activities.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(k) Employee benefits

(i) Defined benefit plans

Reconciliations of defined benefit obligation at present value and plan asset at fair value are as follows:

Present value of the defined benefit obligations Fair value of plan assets Net defined benefit liabilities (assets)	December 31, 2025

The Company makes defined benefit plan contributions to the pension fund account at the Bank of Taiwan that provides pensions for employees upon retirement. The plans entitle a retired employee to receive an annual payment based on years of service and average salary for the six months prior to retirement.

1) Composition of plan assets

The Company allocates pension funds in accordance with the Regulations for Revenues, Expenditures, Safeguard and Utilization of the Labor Retirement Fund, and such funds are managed by the Bureau of Labor Funds, Ministry of Labor. With regard to the utilization of the funds, minimum earnings shall be no less than the earnings attainable from two-year time deposits with interest rates offered by local banks.

The Company’s Bank of Taiwan labor pension reserve account balance amounted to $4,083 thousand at the end of the reporting period. For information on the utilization of the labor pension fund assets including the asset allocation and yield of the fund, please refer to the website of the Bureau of Labor Funds, Ministry of Labor.

2) Movements in present value of the defined benefit obligations

The movements in present value of defined benefit obligations for the Company were as follows:

Defined benefit obligation at January 1 2025 Current service costs and interest 313 Remeasurement in net defined benefit liabilities (assets) －Actuarial loss (gain) arising from: financial assumptions 210 Defined benefit obligation at December 31 $ 2,616	2025	2024
		39 (384) 2,093
	$ 2,616

3) Movements of defined benefit plan assets

The movements in the present value of the defined benefit plan assets for the Company were as follows:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

2025 Fair value of plan assets at January 1 $ 3,640 Interest income 72 Remeasurement in net defined benefit liabilities (assets) －Return on plan assets excluding interest income 234 Contributions paid by the employer 137 Fair value of plan assets at December 31 $ 4,083	2025	2024
		3,167 52 264 157 3,640
	$ 4,083

4) Movements of the effect of the asset ceiling

As of December 31, 2025 and 2024, the Company did not have any movements of the effect of the asset ceiling.

5) Expenses recognized in profit or loss

The expenses recognized in profits or losses for the Company were as follows:

Net interest of net liabilities for defined benefit obligations Operating cost Administration expenses Research and development expenses	2025	2024 (13)
	$ 241
	135 41 65	(6) (4) (3)
	$ 241	(13)

6) Re-measurement of net defined benefit liabilities (assets) recognized in other comprehensive income

The Company’s remeasurement of the net defined benefit liabilities (assets) recognized in other comprehensive income for the years ended December 31, 2025 and 2024 was as follows:

Accumulated amount at January 1 Recognized during the period Accumulated amount at December 31	2025	2024
	$ (100) 24	(748) 648 (100)
	$ (76)

7) Actuarial assumptions

The principal actuarial assumptions at the reporting date were as follows:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Discount rate Future salary increase rate	December 31, 2025	December 31, 2024
	1.750% 3.000%	2.000% 3.000%

The expected allocation payment to be made by the Company to the defined benefit plans for the one-year period after the reporting date is $148 thousand.

The weighted average lifetime of the defined benefits plans is 10.53 years.

8) Sensitivity analysis

If the actuarial assumptions had changed, the impact on the present value of the defined benefit obligation shall be as follows:

December 31, 2025 Discount rate Future salary increasing rate December 31, 2024 Discount rate Future salary increasing rate	Influences of defined benefit obligations	Influences of defined benefit obligations
	Increased 0.25%	Decreased 0.25%
	$ (56) 56 (40) 40	58 (54) 42 (39)

Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown above. The method used in the sensitivity analysis is consistent with the calculation of pension liabilities in the balance sheets.

There is no change in the method and assumptions used in the preparation of sensitivity analysis for 2025 and 2024.

(ii) Defined contribution plans

The Company allocates 6% of each employee’s monthly wages to the labor pension personal account at the Bureau of Labor Insurance in accordance with the provisions of the Labor Pension Act. Under these defined contribution plans, the Company allocates a fixed amount to the Bureau of Labor Insurance without additional legal or constructive obligation.

The pension costs incurred from the contributions to the Bureau of the Labor Insurance amounted to $7,321 thousand and $7,725 thousand for the years ended December 31, 2025 and 2024, respectively.

(l) Income taxes

(i) Income tax expenses (profit)

1) The amount of income tax for the years ended December 31, 2025 and 2024 was as follows:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC. Notes to the Financial Statements For the years ended December 31, 2025 and 2024 xpressed in thousands of New Taiwan Dollars, unless otherwise specified)	Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC. Notes to the Financial Statements For the years ended December 31, 2025 and 2024 xpressed in thousands of New Taiwan Dollars, unless otherwise specified)	Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC. Notes to the Financial Statements For the years ended December 31, 2025 and 2024 xpressed in thousands of New Taiwan Dollars, unless otherwise specified)
2025 2024 Current tax expense (profit) Current period $ - 17,354 Adjustment for prior periods 1,330 (724) 1,330 16,630 Deferred tax expense (profit) Origination and reversal of temporary differences (4,503) 452 (4,503) 452 Income tax expense (profit) $ (3,173) 17,082 2) The amount of income tax recognized in other comprehensive income for 2025 and 2024 was as follows: 2025 2024 Items that may not be reclassified subsequently to profit or loss: Remeasurement from defined benefit plans $ 4 130 Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign financial statements $ (3,072) 6,880
	$ 4	130
	$ (3,072)	6,880

Reconciliation of income tax and profit (loss) before tax	for	2025 and 2024 was as follows:	2025 and 2024 was as follows:
		2025	2024
Profit (loss) excluding income tax	$	(126,586)	88,449
Income tax using the Company’s domestic tax rate	$	(25,317)	17,690
Current-year loss carry-forwards for which no deferred tax asset was recognized		15,212	-
Under (over) provision in prior periods		2,831	(620)
Non-deductible expenses		4,101	12
Income tax expense (profit)		(3,173)	17,082

(ii) Deferred tax assets and liabilities
1) Unrecognized deferred tax liabilities : None
2) Unrecognized deferred tax assets

Deferred tax assets have not been recognized in respect of the following items:

Loss carry-forwards	December 31, 2025 $ 15,212	December 31, 2024 -

The R.O.C. Income Tax Act allows net losses, as assessed by the tax authorities, to

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

be deducted from the net income of the previous ten years before income tax is assessed. Deferred tax assets have not been recognized in respect of these items because it is not probable that the Group will have sufficient taxable income in the future to utilize these temporary differences.

As of December 31, 2025, the Company had loss carry-forwards with expiry dates as follows,

Year of Occurrence	Operating Loss Carry Forwards	Year of Expiration
2025(Estimate)	$ 76,061	2035

3) Recognized deferred tax assets and liabilities

Changes in the amount of recognized deferred tax assets and liabilities for 2025 and 2024 were as follows:

Investment income recognized under the equity method (overseas) $ 60,765 (18,233) - $ 42,532 $ 65,308 (4,543) - $ 60,765 Exchange difference on translation	Investment income recognized under the equity method (overseas)	Defined benefit plans	Others	Total
		342 (20) 4	3,140 (2,079) -	64,247 (20,332) 4
	$ 42,532	326 179 33 130	1,061	43,919
			- 3,140 -	65,487 (1,370) 130
	$ 60,765	342	3,140	64,247
		Unrealized gross profit	Others	Total
$ 4,425 - $ 3,072 $ 7,497		18,419 (8,918) - 9,501	13,641 (6,911) -	36,485 (15,829) 3,072
			6,730	23,728
$ 11,305 - $ (6,880) $ 4,425		20,704 (2,285) - 18,419	13,178 463 -	45,187 (1,822) (6,880)
			13,641	36,485

(iii) The Company's tax returns for the years through 2023 were assessed by the tax authority.

(m) Capital and other equities

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

As of December 31, 2025 and 2024, the amounts of ordinary shares were $1,000,000 with par value of $10 per share, of which 74,417 thousand shares is issued. All issued shares were paid up upon issuance.

(i) Capital surplus

The balances of capital surplus of the Company were as follows:

Additional paid in capital Share-based payment transaction – treasury stock	December 31, 2025	December 31, 2024 431,703 8,332 440,035
	$ 431,703 8,332
	$ 440,035

According to the R.O.C. Company Act, capital surplus can only be used to offset a deficit, and only the realized capital surplus can be used to increase the common stock or be distributed as cash dividends. The aforementioned realized capital surplus includes capital surplus resulting from premium on issuance of capital stock and earnings from donated assets received. According to the Regulations Governing the Offering and Issuance of Securities by Securities Issuers, capital increases by transferring capital surplus in excess of par value should not exceed 10% of the total common stock outstanding.

(ii) Retained Earnings

Following by the Company’s article of incorporation stipulates that the Company’s profits should be distributed in order of priority as follows:

A. Offset the prior years’ deficits.
B. Of the remaining balance, 10% is to be appropriated as legal reserve until such retention equals the amount of total capital.
C. Special reserves are supposed to be set aside or are reversed in accordance with the relevant regulations or depending on the Company’s operation.
D. After the above appropriation, current and prior period earnings that remain undistributed will be proposed for distribution by the Board of Directors, and a meeting of shareholders will be held to decide this matter. The total distribution shall not be less than 10% of the remaining earnings calculated by the above items.

In addition, the whole or part of shareholder dividends and bonuses, capital surplus or legal reserves are distributed in cash. The company authorizes the attendance of more than twothirds of the directors of the board of directors and the resolution of more than half of the directors present. Such distribution shall be reported to the shareholders’ meeting.

The Company will consider the environment, growing level, capital demand in the future, the financial structure, the situation of earnings and the balancing dividend policies. Depending on the capital demand and the dilution for the earning per share, the Company will distribute earnings by cash or by shares, and the amount of cash dividends should not be lower than 10% of the total dividends.

1) Legal reserve

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

When a company incurs no loss, it may, pursuant to a resolution by a shareholders’ meeting, distribute its legal reserve by issuing new shares or by distributing cash and only the portion of legal reserve which exceeds 25% of capital may be distributed.

2) Special reserve

When distributing the distributable surplus, the Company will record the net deduction of other shareholders' equity in the current year. The current after-tax net profit is added to the current after-tax net profit and the items other than the current after-tax net profit are included in the current undistributed surplus and the undistributed surplus in the previous period is added to the special reserve; other shareholders' equity accumulated in the previous period is deducted if the amount is not allocated, the special surplus will not be distributed from the undistributed surplus in the previous period. If the amount of other shareholders' equity deductions is reversed later, it can be rescued and distributed to the later part of the surplus through a resolution of the shareholders' meeting.

3) Earnings distribution

Earnings distribution for 2024 and 2023 was decided by the resolution adopted, at the meeting of the Board of Directors held on March 6, 2025 and March 7, 2024, respectively. The relevant dividend distributions to shareholders were as follows:

Cash dividends distributed to ordinary shareholders	2024	2024	2023	2023
	Amount per share	Amount	Amount per share	Amount 73,617
	$ 1.00	73,617 1.00

Amount of cash dividends in the earnings distribution for 2025 was decided by the resolution adopted, by the board of directors on March 5, 2026. The relevant dividend distributions to shareholders were as follows:

solution adopted, by the board of directors on March stributions to shareholders were as follows:	5, 2026. The relevant dividend	5, 2026. The relevant dividend
Cash dividends distributed to ordinary shareholders	2025
	Amount per share	Amount
	$ 0.25	18,404

Regarding the 2025 earnings distribution proposal, relevant information can be inquired at the Market Observation Post System website after the relevant meeting is held.

(iii) Treasury shares

The Company repurchase 800 thousand ordinary shares, in order to transfer shares to employees. As of December 31, 2024, no employee has been transferred.

The treasury shares held by the Company should not be pledged, and do not hold any shareholder rights before their transfer in accordance with Securities and Exchange Act requirements.

(n) Earnings per share

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

The Company’s basic and diluted earnings (loss) per share were calculated as follows:

Basic earnings per share: Profit (Loss) attributable to ordinary shareholders of the Company Weighted average number of outstanding ordinary shares (in thousands) Basic earnings per share(in dollars) Diluted earnings per share: Profit (Loss) attributable to ordinary shareholders of the Company (after adjustment of potential diluted ordinary shares) Weighted average number of outstanding ordinary shares (in thousands) Effect of potential diluted ordinary shares (in thousands) Effect of employee stock compensation Weighted average number of ordinary shares (after adjustment of potential diluted ordinary shares) Diluted earnings per share(in dollars)	2025 $ (123,413)	2024
		71,367
	73,617	73,617
	$ (1.68)	0.97
	$ (123,413)	71,367
	73,617 -	73,617 160
	73,617	73,777
	$ (1.68)	0.97

Note: Because of loss in 2025, no potential diluted ordinary shares.

(o) Revenue from contracts with customers

(i) Disaggregation of revenue Primary geographical markets: Taiwan China Japan Others Major product: Hinge parts Hinge components Others	2025	2024 4 30,888 0 515,510 4 110,314 3 5,748
	$ 45,09 450,27 86,32 3,82
	$ 585,51	1 662,460
	$ 444,01 133,80 7,70	0 515,746 0 137,179 1 9,535
	$ 585,51	1 662,460

(ii) Contract balances

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

December 31, 2025	December 31, 2024	January 1, 2024 221,649 (53)
$ 271,362 (52) $ 271,310 $ -	253,365 (33) 253,332 -
		221,596
		17,140

For details on notes and accounts receivable and allowance for uncollectible accounts, please refer to note (6)(c).

The beginning balance of contract liabilities on January 1, 2025 and 2024 was recognized as income in 2025 and 2024, with an amount of $0 thousand and $17,140 thousand respectively.

(p) Employee compensation and directors remuneration

On June 24, 2025, the Company resolved at the shareholders’ meeting to amend its Articles of Incorporation. According to the amended Articles of Incorporation, if there is any profit in a fiscal year, the Company’s pre-tax profits in such fiscal year, prior to deduction of compensation to employees and directors, shall be distributed to employees as compensation in an amount of not less than two percent thereof and to directors as compensation in an amount of not more than one percent of such profits. In the event that the Company has accumulated losses, the Company shall reserve an amount to offset accumulated losses. No less than eight percent of the amount of compensation to employee shall be allocated as compensation distributions to the non-executive employees. The aforementioned employee compensation should be distributed by shares or by cash and the recipients of shares and cash may include the employees of the Company’s affiliated companies who meet certain conditions. Prior to the amendment, the Articles of Incorporation stipulated that, Company should contribute no less than 2% of the profit as employee compensation and a maximum of 1% as directors and supervisors remuneration when there is profit for the year. However, if the Company has accumulated deficits, the profit should be reserved to offset the deficit. The aforementioned employee compensation should be distributed by shares or by cash and the recipients of shares and cash may include the employees of the Company’s affiliated companies who meet certain conditions.

No remunerations to employees, directors and supervisors were accrued by the Company due to net loss after tax for the years ended December 31, 2025

The estimated amounts of the Company's 2024 employees' remuneration are $5,197 thousand and directors' remuneration are $850 thousand. The estimated amounts mentioned above are calculated based on the net profit before tax, excluding the remuneration to employees and directors of each period, multiplied by the proposed percentage which was stated under the Company's Management proposal. These remunerations were expensed under operating costs or operating expenses for each period. If there are any subsequent adjustments to the actual remuneration amounts, the adjustment will be regarded as changes in accounting estimates, and will be reflected in profit or loss in the following year. Shares distributed to employees as employees’ remuneration are calculated based on the closing price of the Company’s shares on the day before the approval by the Board of Directors.

There is no difference between the amount of remuneration for employees and directors resolved by the Board of Directors and the amount estimated in the Company's 2025 and 2024 only financial statements.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(q) Financial instruments
(i) Credit risk
- 1) Credit risk exposure

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

2) Concentration of credit risk

The major customers of the Company are centralized in the computer industry. To minimize credit risk, the Company periodically evaluates the customers’ financial positions and the possibility of collecting trade receivables.

As of December 31, 2025 and 2024, 90% and 85% of accounts receivable were five major customers, respectively. Thus, credit risk is significantly centralized.

3) Credit risk of receivables

For credit risk exposure of notes and accounts receivable, please refer to note 6(c).

Other financial assets at amortized cost include other receivables and time deposits. All of these financial assets are considered to have low risk, and thus, the impairment provision recognized during the period was limited to 12 months expected losses. (Regarding how the financial instruments are considered to have low credit risk, please refer to note (4)(f).) As of December 31, 2025 and 2024, there were no impairment provisions.

(ii) Liquidity risk

The following are the contractual maturities of financial liabilities, excluding estimated interest payments.

Carrying Amount	Contractual cash flows	Within a year	1-2 years - - - - (3,638)	Over 2 years - - - (28,000) (54,976)
$ 8,788 24,816 75,068 22,038 55,700	(8,788) (24,816) (75,068) (28,000) (62,252)	(8,788) (24,816) (75,068) - (3,638)
$ 186,410	(198,924)	(112,310)	(3,638)	(82,976)
$ 15,342	(15,342)	(15,342)	-	-

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Accounts payable to related parties Other payables Non-current provision Lease liabilities (current and non-current)	37,629 95,188 21,748 58,606	(37,629) (95,188) (28,000) (65,514)	(37,629) (95,188) - (3,638)	- - - (3,638)	- - (28,000) (58,238)
	$ 228,513	(241,673)	(151,797)	(3,638)	(86,238)

The Company is not expecting that the cash flows included in the maturity analysis could occur significantly earlier or at significantly different amounts.

(iii) Market risk
1) Currency risk (expressed in thousands for foreign currencies)

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

Financial assets Monetary items USD Financial liabilities Monetary items USD	December 31, 2025	December 31, 2025	December 31, 2025	(In thousands of foreign currency) December 31, 2024 Foreign currency Exchange rate NTD 32,365 USD/NTD =32.785 1,061,078 1,232 USD/NTD =32.785 40,390	(In thousands of foreign currency) December 31, 2024 Foreign currency Exchange rate NTD 32,365 USD/NTD =32.785 1,061,078 1,232 USD/NTD =32.785 40,390
	Foreign currency	Exchange rate	NTD	Foreign currency	Exchange rate
	$ 15,913 800	USD/NTD =31.43 USD/NTD =31.43	500,135 25,142	32,365 1,232	USD/NTD =32.785 USD/NTD =32.785

2) Sensitivity analysis

The Company’s exposure to foreign currency risk arises from the translation of the foreign currency exchange gains and losses on cash and cash equivalents, accounts receivable, other receivables, accounts payable, and other payables that are denominated in foreign currency. A weakening (strengthening) 5% of each foreign currency against the functional currency for the years ended December 31, 2025 and 2024, the Company’s net loss before tax have decreased or increased by $23,750 thousand for the years ended December 31, 2025 and net profit before tax have increased or decreased by $51,034 thousand for the years ended December 31, 2024, respectively. The analysis is performed on the same basis for both periods.

3) Exchange gains and losses of monetary items

The exchange gain and loss information on the Company's monetary items is disclosed through consolidation due to the wide variety of trading currencies used by the Company. The foreign currency exchange gain and loss (including realized and unrealized) in 2025 and 2024 were $(71,668) thousand and $50,970 thousand, respectively.

(iv) Interest rate analysis

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

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

The following sensitivity analysis is based on the risk exposure to interest rate on the derivative and non-derivative financial instruments on the reporting date. Regarding the assets and liabilities with variable interest rates, the analysis is on the basis of the assumption that the amount of assets and liabilities outstanding at the reporting date was outstanding throughout the year. The rate of change is expressed as the interest rate increases or decreases by 0.25% when reporting to management internally, which also represents Company management’s assessment of the reasonably possible interest rate change.

If the interest rate had increased or decreased by 0.25%, the Group’s net loss before tax have decreased or increased by $257 thousand for the years ended December 31, 2025 and net profit before tax have increased or decreased by $370 thousand for the years ended December 31, 2024, respectively, which would be mainly resulted from the bank savings, and borrowings with variable interest rates.

(v) Fair value
1) Categories and the fair value of financial instruments

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

	December 31, 2025	December 31, 2025	December 31, 2025
Carrying amount $ 102,961 973,380 47,386 223,924 5,700 1,574 5,456		Fair Value
	Level 1 - - - - - - -	Level 2 - - - - - - -	Level 3 - - - - - - -	Total
				- - - - - - -
$ 1,360,381	-	-	-	-

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Financial liabilities measured at amortized cost: Accounts payable $ 8,788 - - - - Accounts payable to related parties 24,816 - - - - Other payables 75,068 - - - - Non-current provision 22,038 - - - - Lease liabilities (current - - - - and non-current) 55,700 $ 186,410 - - - -

	December 31, 2024	December 31, 2024	December 31, 2024
Carrying amount $ 1,223,064 55,665 197,667 8,695 4,596 5,456		Fair Value
	Level 1 - - - - - -	Level 2 - - - - - -	Level 3 - - - - - -	Total
				- - - - - -
$ 1,495,143	-	-	-	-
$ 15,342 37,629 95,188 21,748 58,606	- - - - -	- - - - -	- - - - -	- - - - -
$ 228,513	-	-	-	-

There was no transfer of financial instruments between any levels for the years ended December 31, 2025 and 2024.

2) Valuation technique for financial instruments measured at fair value - Non-derivative financial instruments

If the financial instrument has a public quoted price in an active market, the public quoted price will be determined as the fair value. The measurements of fair value of financial instruments without an active market are based on a valuation technique or quoted price

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

from a competitor. Fair value measured by a valuation technique can be extrapolated from similar financial instruments, the discounted cash flow method, or other valuation technique including a model using observable market data at the reporting date.

(r) Financial risk management
(i) Overview

The Company is exposed to the following risks arising from financial instruments:

1) Credit risk
2) Liquidity risk
3) Market risk

In this note expressed the information on risk exposure and objectives, policies and process of risk measurement and management. For detailed information, please refer to the related notes in the accompanying consolidated financial statements.

(ii) Structure of risk management

The Company’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Company, through its training and management standards and procedures, aims to develop a disciplined and constructive control environment in which all employees understand their roles and obligations.

The Company minimizes the risk exposure through derivative financial instruments. The Board of Directors regulated the use of derivative and non-derivative financial instruments in accordance with the Company’s policy about risks arising from financial instruments such as currency risk, interest rate risk, credit risk, the use of derivative and non-derivative financial instruments and the investments of excess liquidity. The internal auditors of the Company continue with the review of the amount of the risk exposure in accordance with the Company’s policy and the risk management policies and procedures. The Company has no transactions in financial instruments (including derivative financial instruments) for the purpose of speculation.

(iii) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company’s receivables from customers and investments.

1) Trade and other receivable

The Company has established a credit policy under which each customer is analyzed individually for creditworthiness before the Company’s standard payment and delivery terms and conditions are offered. The Company’s review includes external ratings, when available, and, in some cases, bank references. Customers that fail to meet the Company’s benchmark creditworthiness may transact with the Company only on a prepayment basis. The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the demographics

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

of the Company’s customer base, including the default risk of the industry and country in which customers operate, as these factors may have an influence on credit risk. The Company’s customers are mainly from the computer industry. In order to mitigate account receivable credit risk, the Company constantly assesses the financial status of the customers, and requests the customers to provide guarantee or security if necessary. The Company regularly accesses the collectability of accounts receivable and recognizes allowance for accounts receivable.

In monitoring customer credit risk, customers are grouped according to their credit characteristics, including customer trust brand, regionally, industries, aging of receivable, due date and existed financial difficulties previously. The Company’s target of accounts receivables and other receivables are famous companies.

The Company set the allowance for bad debt account to reflect the estimated losses for trade and other receivables. The allowance for bad debt account consists of specific losses relating to individually significant exposure and the unrecognized losses arising from similar assets groups. The allowance for bad debt account is based on historical collection record of similar financial assets.

2) Investments

The exposure to credit risk for the bank deposits and other financial instruments is measured and monitored by the Company’s finance department. The Company only deals with banks, other external parties, corporate organizations, government agencies and financial institutions with good credit rating. The Company does not expect any counterparty above fails to meet its obligations hence there is no significant credit risk arising from these counterparties.

3) Guarantees

The Company’s policy to provide financial guarantees is only permissible to subsidiaries and the target of business. Please refer to note 13(a)(ii) for the details of Company’s financial guarantees provided to its subsidiaries as of December 31, 2025.

(iv) Liquidity risk

The Company manages sufficient cash and cash equivalents so as to cope with its operations and mitigate the effects of fluctuations in cash flows. The Company’s management supervises the banking facilities and ensures in compliance with the terms of the loan agreements.

The loans and borrowings from the bank form an important source of liquidity for the Company. Please refer to note (6)(h) for unused short-term credit lines as of December 31, 2025 and 2024.

(v) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates, will affect the Company’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

1) Currency risk

The Company is exposed to currency risk on sales, purchases and borrowings that are

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

denominated in a currency other than the New Taiwan Dollars (NTD). The currencies used in these transactions are denominated in NTD and USD.

(s) Capital management

The Company maintains the capital based on the current operating characteristics of the industry, future development, and changes in external environment, to assure there are financial resources and operating plans to support working capital, capital expenditures, research and development expenses and dividend payments, and so on. Guarantee the Company to continuing operating, giving feedback to shareholders considering the interest for other related parties and remaining the best capital structure to rise up the value of shareholders.

In order to maintain or adjust the capital structure, the Company may adjust the dividend payment to the shareholders, or issue new shares.

The Company monitors the capital by reviewing asset-to-debt ratio periodically. The Company’s 「 capital, listed as total equity」in balance sheets which is also equal to the amount of total assets less total liabilities. The Company’s asset-to-debt ratio at the end of the reporting period as of December 31, 2025 and 2024 is as follows:

Total liabilities Total assets Liability ratio	December 31, 2025

(t) Investing and financial activities not affecting current cash flow

The company has non-cash investing and financing activities for right-of-use assets from leasing during 2025 and 2024, please refer to note (6)(g) for details. Reconciliations of liabilities arising from financing activities were as follows:

January 1, 2025	Non-cash changes	December 31, 2025 55,700
	Addition and other
$ 58,606	(2,203)
January 1, 2024	Non-cash changes	December 31, 2024 58,606
	Addition and other
$ 2,011	58,790

(7) Related-party transactions

(a) Names and relationship with related parties

The followings are the subsidiaries and entities that have transactions with related party during the

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

periods covered in the financial statements.

Name of related party Million On International Co., Ltd. (MOI) Profit Earn International Co., Ltd. (Profit) Sinher (H.K.) Limited Cingher (H.K.) Limited Great Info International Co., Ltd. (Great Info) Top Trading Group Limited (Top Trading) Kunshan Wanhe Precision Electron Co., Ltd. (Kunshan Wanhe) Chongqing SNR Technology Co., Ltd. (Chongqing SNR) Kunshan Qianquan Precision Metal Co., Ltd. (Qianquan) Sinher Technology Vietnam Company Limited (Sinher Vietnam) Sinher Technology (Thailand) Co., Ltd. (Sinher Thailand) Daher Mold Co. (Daher)	Relationship with the Company
	Subsidiary of the Company 〃〃〃〃〃〃〃〃〃〃 Same chairman with the Company

Name of related party
Million On International Co., Ltd. (MOI)
Profit Earn International Co., Ltd. (Profit)
Sinher (H.K.) Limited
Cingher (H.K.) Limited
Great Info International Co., Ltd. (Great Info)
Top Trading Group Limited (Top Trading)
Kunshan Wanhe Precision Electron Co., Ltd.
(Kunshan Wanhe)
Chongqing SNR Technology Co., Ltd.
(Chongqing SNR)
Kunshan Qianquan Precision Metal Co., Ltd.
(Qianquan)
Sinher Technology Vietnam Company Limited
(Sinher Vietnam)
Sinher Technology (Thailand) Co., Ltd. (Sinher
Thailand)
Daher Mold Co. (Daher)

Relationship with the Company

Subsidiary of the Company
〃
〃
〃
〃
〃
〃
〃
〃
〃
〃
Same chairman with the Company

(b) Significant transaction with related parties
(i) Operating revenue

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

Subsidiary－Chongqing SNR Subsidiary－Kunshan Wanhe Subsidiary－Sinher Vietnam	2025 $ 221,778 219,595 2,305	2024 231,988 283,489 145 515,622
	$ 443,678

The Company sells raw materials to subsidiary. The selling price for related parties is made up by the cost. The credit terms are monthly payment 120 days, but it depends on the demand of funds. Amounts receivable from related parties were uncollateralized, and no expected credit loss is required after the assessment by the management.

(ii) Purchase

The amounts of purchases by the Company from related parties were as follows:

Subsidiary－Kunshan Wanhe	2025	2024
	$ 62,101	74,258

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

The prices of purchase transactions with related parties were the selling price of finished good less specific rate. The payment terms were in accordance with demand of fund.

The sales of raw materials to related parties and purchases finished goods from related parties in 2025 and 2024 were eliminated in the preparation of parent-company-only financial statements and were not considered as purchases or sales. The amounts were $20,667 thousand and $17,711 thousand, respectively.

(iii) Receivable due from related parties

The receivables from related parties were as follows:

Subsidiary－Chongqing SNR Subsidiary－Kunshan Wanhe Subsidiary－Sinher Vietnam	December 31, 2025	December 31, 2024
	$ 177,072 44,802 2,050	165,775 31,862 30
	$ 223,924	197,667

(iv) Payables to related parties

The payables to related parties were as follows:

－ Subsidiary Kunshan Wanhe

December 31, 2025	December 31, 2024
$ 24,816	37,629

(v) Property transactions
1) The purchase of property, plant and equipment and other disbursements for related parties were summarized as follows:

2025	2025	2024	2024
Amounts	Gain(loss)	Amounts	Gain(loss)
$ 921 3,706 1,569 3,247 $ 9,443	106 93 123 168	3,377 2,644 3,041 -	374 222 408 -
	490	9,062	1,004

2) For the above mention transactions, the accumulated uncollectable amounts were recognized as other receivable due from related parties, and the balance was as follows:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Subsidiary－Chongqing SNR Subsidiary－Kunshan Wanhe Subsidiary－Sinher Vietnam Subsidiary－Sinher Thailand	December 31, 2025	December 31, 2024
	$ 1,077 3,609 905 109	3,541 2,111 3,043 -
	$ 5,700	8,695

3) For the years ended December 31, 2025 and 2024, the Company purchased some fixtures and consumable material from other related parties － Daher, amounting to $12,305 thousand and $14,253 thousand, respectively, and were recognized as operating cost and researching and developing cost, respectively. As of December 31, 2025 and 2024, the outstanding balances amounting to $5,526 thousand and $3,934 thousand, respectively, were recognized as other payables.

(vi) Other

To expand market presence and enhance customer service, the Company established a whollyowned subsidiary, Sinher Thailand, in 2025 with a cash investment of $26,938 thousand, representing a 100% ownership interest.

Key management personnel compensation comprised:

Short-term employee benefits Post-employment benefits	2025

(8) Pledged assets: None.

(9) Commitments and contingencies:
(a) The information for the Company’s guarantees and endorsements, please refer to note (13).
(b) Unrecognized contractual commitments:

As of December 31, 2025 and 2024, the future payments for the purchase of the Company’s significant equipment and constructions amounted to $19,622 thousand and $6,410 thousand, respectively.

(10) Losses Due to Major Disasters: None.

(11) Subsequent Events: None.

(12) Other:

A summary of current-period employee benefits, depreciation, and amortization, by function, is as follows:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

By function By item		2025			2024
	Cost of Sale	Operating Expense	Total	Cost of Sale	Operating Expense	Total
Employee benefits Salary Labor and health insurance Pension Remuneration of directors Others Depreciation Amortization	130,056 12,345 4,505 - 6,955 53,493 540	62,200 5,705 3,057 1,786 2,290 13,493 1,505	192,256 18,050 7,562 1,786 9,245 66,986 2,045	136,862 12,368 4,567 - 6,379 66,354 806	70,804 6,172 3,145 2,855 2,306 13,916 1,509	207,666 18,540 7,712 2,855 8,685 80,270 2,315

The followings are additional information of numbers of the Company’s employees and employee benefits:

Number of employees Number of directors who were not employees The average employee benefit The average salaries and wages Average salary expense adjustment The supervisors remuneration	2025	2024 298 6 831 711 -
	279
	6
	$ 832
	$ 704
	(1)%
	$ -

The company’s salary and remuneration policies (including directors, managers and employees) are as follows:

(a) Directors’ remuneration policy is based on the company’s articles of association and is not more than 1% of the current year’s profit before tax. The amount paid for the evaluation of annual operating results of the company, and independent directors receive fixed remuneration.
(b) The remuneration paid to managers and employees is divided into fixed and variable salaries. Fixed salaries are monthly salaries, and variable salaries are employee remuneration, year-end bonuses, etc.

Variable salaries are based on company profitability, personal performance appraisal, job responsibilities, contribution to the company's operations, the overall environment, and market standards are the evaluation benchmarks.

(13) Other disclosures:

(a) Information on significant transactions:

The following is the information on significant transactions required by the "Regulations Governing the Preparation of Financial Reports by Securities Issuers" for the Company for the year ended December 31, 2025

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(i) Loans to other parties: None.
(ii) Guarantees and endorsements for other parties:

==> picture [515 x 123] intentionally omitted <==

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

(In thousands of foreign currency)
Counter-party of guarantee and endorsement accumulated Ratio of
amounts of
Limitation on Highest balance Property guarantees and Maximum Parent company Endorsements/
amount of for guarantees Balance of pledged for endorsements to amount for endorsements/ Subsidiary/ guarantees to
guarantees and and guarantees and guarantees net worth of the guarantees guarantees to guarantees to third parties on
Relationsh endorsements endorsements endorsements as Actual usage and latest and third parties on third parties on behalf of
Name of ip with the for a specific during the of reporting amount during endorsements financial Endorsement behalf of behalf of parent companies in
No. guarantor Name Company enterprise period date the period (Amount) statements s (Note 1) subsidiary company Mainland China
0 [The ] Company [Chongqing ] SNR (Note 2) 961,576 (US$3127,472 ,900) - - - - % 1,602,628 Y - Y
Note 1: According to the Company’s Procedures for Endorsement and Guarantee, the total amount of endorsements/ guarantees the Company or the Company is permitted to make
shall not exceed 30% of the Company’s net worth. For external endorsements/ guarantees, the total amount of endorsements/ guarantees the Company is permitted to make
shall not exceed 50% of the Company’s net worth. For entities having business relationship with the Company, the amount of endorsements/ guarantees for a single company
shall not exceed 30% of the transaction amount in the last fiscal year or the expecting amount of the current year.
----- End of picture text -----

Note 2: The subsidiary whose ordinary shares over 50% owned by the Company and its subsidiaries Note 3: The target of endorsements/guarantees above is the primary entity of consolidated balance sheets.
(iii) Securities held as of December 31, 2025 (excluding investment in subsidiaries, associates and joint ventures): None.
(iv) Related-party transactions for purchases and sales with amounts exceeding the lower of NTD $100 million or 20% of the capital stock:

Name of company	Related party	Nature of relationship	Transaction details	Transaction details	Transaction details	Transaction details	Transactions with terms different from others	Transactions with terms different from others	Notes/Accounts receivable (payable)	Notes/Accounts receivable (payable)	Note
			Purchase/ Sale	Amount	Percentage of total purchases/sales	Payment terms	Unitprice	Payment terms	Endingbalance	Percentage of total notes/ accounts receivable(payable)
The Company 〃 Kunshan Wanhe Kunshan Wanhe Chongqing SNR Chongqing SNR	Chongqing SNR Kunshan Wanhe Chongqing SNR The Company Kunshan Wanhe The Company	100% owned sub-subsidiary 〃 With the same ultimate parent company The parent company With the same ultimate parent company The parent company	(Sales) (Sales) (Sales) Purchases Purchases Purchases	(221,778) (219,595) (142,788) 219,595 142,788 221,778	(38) % (38) % (12) % 32 % 27 % 42 %	Depending on the demand for funding, OA 120 〃〃 Depending on the demand for funding, OA 120 〃〃	According to markup pricing 〃〃〃〃〃	Depending on the demand for funding, OA 120 〃〃 Depending on the demand for funding, OA 120 〃〃	Accounts Receivable 177,072 Accounts Receivable 44,802 Accounts Receivable 116,937 Accounts Payable (44,802) Accounts Payable (116,937) Accounts Payable (177,072)	65 % 17 % 25 % (23) % (34) % (51) %

(v) Receivables from related parties with amounts exceeding the lower of NT$100 million or 20% of the capital stock:

Name of company	Relatedparty	Nature of relationship	Endingbalance	Turnover rate	Overdue	Overdue	Amounts received in subsequent(Note)	Allowance for bad debts	Note
					Amount	Action taken
The Company Kunshan Wanhe	Chongqing SNR Chongqing SNR	100% owned sub-subsidiary With the same ultimate parent company	177,072 116,937	1.29 1.17	112,004 52,674	Enhanced collection Enhanced collection	Accounts Receivable 29,366 Accounts Receivable -	- -	Note Note

[Note: Information as of reporting date. ]

(vi) Trading in derivative instruments: None.

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(b) Information on investees:

The following is the information on investees for the year ended December 31, 2025 (excluding information on investees in Mainland China):

nvestees in Mainland China):	nvestees in Mainland China):	nvestees in Mainland China):	nvestees in Mainland China):
								(In thousands of foreigncurrency)
Name of investor	Name of investee	Location	Main businesses and products	Original i amo	nvestment unt	Balance as December 31,		of 2025	Net income (losses) of investee	Share of profit/losses of investee	Note
				December 31, 2025	December 31, 2024	Shares	Percentage of ownership	Carrying amount
The Company 〃〃〃 MOI 〃 Profit 〃	MOI Profit Sinher Vietnam Sinher Thailand Total Sinher (H.K.) Limited Cingher (H.K.) Limited Total Great Info Top Trading Total	Samoa Samoa Vietnam Thailand Hong Kong Hong Kong Samoa Anguilla	Investment activities 〃 Manufacturing and selling hinges components 〃 Investment activities 〃 Sell of hinge components 〃	$ 727,957 - 265,832 26,398	727,957 - 265,832 - $ 993,789	23,800,000 - - 275,000 10,600,000 13,200,000 - -	100% 100% 100% 100% 100% 100% 100% 100%	950,743 655 213,354 23,898 1,188,650 737,500 205,396	(63,594) 62 (26,572) (3,476) (75,045) 11,451 - (USD 0) 62 (USD 2)	(63,409) 62 (26,572) (3,476) (93,395) (75,045) 11,451 (63,594) - (USD 0) 62 (USD 2) 62	Subsidiary 〃〃〃 A sub-subsidiary company 〃〃〃
				$ 1,020,187
				$ 325,579 402,378 727,957 USD - USD -	325,579 402,378 727,957 USD - USD -
								942,896 29 (USD1) 626 (USD20) 655

(c) Information on investment in Mainland China:
(i) The following is the information on investees in Mainland China:

					(In thousands of foreign currency)	(In thousands of foreign currency)	(In thousands of foreign currency)	(In thousands of foreign currency)	(In thousands of foreign currency)	(In thousands of foreign currency)	(In thousands of foreign currency)	(In thousands of foreign currency)
Name of investee	Main businesses andproducts	Total amount of paid-in capital	Method of investment	Accumulated outflow of investment from Taiwan as of January1,2024	Investment flows		Accumulated outflow of investment from Taiwan as of December 31, 2025	Net income (losses) of the investee	Percentage of ownership	Investment income(losses)	Book value (Note 3)	Accumulat ed remittance of earnings in current period
					Outflow	Inflow
Kunshan Wanhe Chongqing SNR Qianquan SYTW	Manufacturing and selling hinges components Manufacturing and selling hinges components Manufacturing and selling hinges components Research, manufacturing and selling fans related productions	319,176 (USD10,600) 391,042 (USD13,200) 13,299 (CNY2,700) 80,034 (CNY18,200)	(Note 1) & (Note 4) (Note 1) & (Note 5) (Note 6) (Note 7) & (Note 8)	319,176 (USD10,600) 391,042 (USD13,200) - -	- - - -	- - - -	319,176 (USD10,600) 391,042 (USD13,200) - -	(75,045) (CNY(17,318)) 11,451 (CNY 2,643) 2 (CNY 0) (18,478) (CNY(4,264))	100.00% 100.00% 100.00% 49%	(75,045) (CNY(17,318)) 11,451 (CNY 2,643) 2 (CNY0) (9,655) (CNY(2,228))	737,427 205,379 459 (CNY102) 12,474 (CNY2,775)	- - - -

Note 1: Indirect investment in Mainland China through companies registered in a third region.
Note 2: The gains and losses on investment of the companies were recognized according to the investees’ financial statements which had been reasonably audited by the certified public accountants of the parent company, the amounts shown in the table were translated into New Taiwan Dollars at the average rate of the year of 2025.
Note 3: The amounts shown in the table were translated into New Taiwan Dollars at the exchange rates at the reporting date.
Note 4: Indirect investment in Mainland China through companies registered in Million On International Co., Ltd and Sinher (H.K.) Limited.
Note 5: Indirect investment in Mainland China through companies registered in Million On International Co., Ltd and Cingher (H.K.) Limited.
Note 6: Kunshan Wanhe is established with its own capital.
Note 7: SuZhou SenYuan TongWei Technology Co., Ltd. (“SYTW), an investee company invested by Kunshan Wanhe with its own capital.
Note 8: The registered capital of SYTW is CNY $18,500 thousand ( with a capital of CNY $20,000 thousand, reduced by CNY $7,500 thousand and increased by CNY $6,000 thousand in 2024)
(ii) Limitation on investment in Mainland China:

See accompanying notes to financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Accumulated Investment in Mainland China as of December 31,2025	Investment Amounts Authorized by Investment Commission, MOEA	Upper Limit on Investment
710,218(USD23,800)	710,218(USD23,800)	1,923,153

(iii) Significant transactions:

The significant inter-company transactions with the subsidiary in Mainland China, for the time ended December 31, 2025, which were eliminated in the preparation of consolidated financial

statements, are disclosed in “Information on significant transactions”.

(14) Segment information:

Please refer to the consolidated financial statement for the years ended December 31, 2025.

See accompanying notes to financial statements.

SINHER TECHNOLOGY INC.

Statement of Cash and Cash Equivalents

December 31, 2025

(Expressed in thousands of New Taiwan Dollars)

Statement of Notes Accounts Receivable Client Name Description Notes receivable Others (Note) Operating revenue of non-related parties Accounts receivable due from non-related parties, net: 17000 Company Operating revenue of non-related parties 00200 Company 〃 02600 Company 〃 26400 Company 〃 23900 Company 〃 Others (Note) 〃 Less：Loss allowance Total Item Description Petty cash and cash on hand New Taiwan Dollars Petty cash and cash on hand THB 1 thousands Demand deposits New Taiwan Dollars Demand deposits USD 1,426 thousands Note：The exchange rate is 31.430 New Taiwan Dollars for 1 US Dollar and 1.0019 New Thai Baht.		Amount $ 150 24,672 5,500 3,122 4,794 4,313 4,887 47,288 (52) $ 47,386 Amount $ 120 1 58,015 44,825 $ 102,961 Taiwan Dollars for 1

Note：The amounts of individual item included in others do not exceed 5% of the account balance.

See accompanying notes to financial statements.

SINHER TECHNOLOGY INC.

Statement of Inventory

December 31, 2025

(Expressed in thousands of New Taiwan Dollars)

Item Finished goods Work-in process Raw materials Subtotal Less：Loss allowance Total	Cost		Net realizable value
	$ 1,633 1,268 209,857 212,758 (18,582) $ 194,176		1,492 1,268 192,012
			194,772

SINHER TECHNOLOGY INC.

Statement of Changes in investments Accounted for Using the Equity Method

For the year ended December 31, 2025

(Expressed in thousands of New Taiwan Dollars; thousands of shares)

BeginningBalance Increase	BeginningBalance Increase	(Decrease)	Share of Profit (Loss) recognized	Exchange Differences on Translation of Foreign Financial Statements	EndingBalance December 31, 2025 Net Value Collaterals or Pledged Assets Number of Shares Percentage of ownership Amount	EndingBalance December 31, 2025 Net Value Collaterals or Pledged Assets Number of Shares Percentage of ownership Amount
Name of Investee Number of Shares	Amount Number of Shares	Amount			Number of Shares Percentage of ownership
MOI 23,800 Profit - Sinher Vietnam - Sinher Thailand - Exchange differences on translation of foreign financial statements	$ 1,023,081 - 7,016 - 263,044 - - 275 (22,131) $ 1,271,010	- - - 26,398 - 26,398	(63,409) 62 (26,572) (3,476) - (93,395)	- - - - (15,363) (15,363)	23,800 100.00% - 100.00% - 100.00% 275 100.00%	959,672 942,920 None 7,078 655 〃 236,472 213,354 〃 22,922 23,898 〃 (37,494) 1,188,650

SINHER TECHNOLOGY INC.

Statement of Changes in Property, Plant and Equipment

For the year ended December 31, 2025

(Expressed in thousands of New Taiwan Dollars)

Please refer to note 6(f).

SINHER TECHNOLOGY INC.

Statement of Changes in Right-of-use assets

For the year ended December 31, 2025 (Expressed in thousands of New Taiwan Dollars)

Please refer to note 6(g).

Statement of Accounts Payable to Non-Related Parties

For the year ended December 31, 202

(Expressed in thousands of New Taiwan Dollars)

Item Description SJ001 Company Payments to non-related parties SJ009 Company 〃 SJ027 Company 〃 SJ012 Company 〃 SP002 Company 〃 Others (Note) 〃	Amount $ 868 1,303 2,321 750 1,686 1,860
	$ 8,788

Note：The amounts of individual item included in others do not exceed 5% of the account balance.

SINHER TECHNOLOGY INC.

Statement of Other Payables

December 31, 2025

(Expressed in thousands of New Taiwan Dollars)

Item Accrued payroll and bonuses Accrued Marketing expenses Others (Note)	Description Wages and salaries expenses of December 2025 and estimated year-end bonuses of 2025 Marketing expenses required for sales Accrued shipping expenses, consumables and sample expenses	Amount $ 31,784 7,015 36,269
		$ 75,068

Note：The amounts of individual client included in others do not exceed 5% of the account balance.

Statement of Operating Revenue

For the year ended December 31, 2025

Item Hinge parts Hinge components Others Net operating revenues	Quantity (thousands) 2,603	Amount $ 444,010 133,800 7,701 $ 585,511

SINHER TECHNOLOGY INC.

Statement of Operating Costs

For the year ended December 31, 2025

(Expressed in thousands of New Taiwan Dollars)

Item
Raw materials, beginning of the year
Add：Purchases
Transfer-in from work-in process
Less：Raw materials, end of the year
Segment used
Loss on physical inventory
Sales of costs of raw materials
Raw materials scrapped
Raw materials used for the current period
Direct labor
Manufacturing expenses
Costs of goods manufactured for the current period
Add：Work-in process, beginning of the year
Transfer-in from finished good
Less：Work-in process, end of the year
Others
Transfer-out to raw materials
Cost of goods manufactured
Add：Finished goods, beginning of the year
Purchase of finished goods
Less：Finished goods, end of the year
Segment used
Finished goods scrapped
Sales of costs of finished goods
Add：Sales of costs of raw materials
Loss on physical inventory
Allowance for inventory obsolescence
Revenue from sale of scraps
Unallocated manufacturing overhead
Inventories scrapped
Others
Total operating costs

Amount
$ 210,316
65,569
430,267
(209,857)
(3,735)
(3,373)
(299,150)
(21,352)
168,685
87,965
216,836
473,486
962
39
(1,268)
(710)
(430,267)
42,242
1,538
62,101
(1,633)
(116)
(192)
103,940
299,150
3,373
(10,911)
(8,458)
12,859
21,544
24,886
$
446,383

SINHER TECHNOLOGY INC.

Statement of Operating Expenses

For the year ended December 31, 2025

(Expressed in thousands of New Taiwan Dollars)

Item Payroll expenses Import/Export expenses Marketing expenses (Gain) Entertainment expenses Depreciation Consumables Professional service expenses Insurance expenses Others (Note) Total	Selling Expenses $ 9,814 9,574 (18,747) 2,511 109 - - 878 9,398 $ 13,537	Administrative Expenses 32,875 - - 613 12,585 - 7,056 2,870 16,099 72,098	Research and Development Expenses
			21,297 - - 11 799 10,857 403 2,162 5,058 40,587

Note：The amounts of individual item included in others do not exceed 5% of the account balance.

AI assistant

Sinher — Audit Report / Information 2025

52458_rns_2026-04-29_dc50f8b1-828d-43d6-8076-46f814220761.pdf

SINHER TECHNOLOGY INC.

Parent Company Only Financial Statements

Table of contents

Independent Auditors’ Report

Opinion

Basis for Opinion

Key Audit Matters

1. Valuation of Inventories

Notes to Readers

Responsibilities of Management and Those Charged with Governance for the Financial Statements

Auditors’ Responsibilities for the Audit of the Financial Statements

Notes to Readers

Notes to Readers

KPMG

Notes to Readers

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

SINHER TECHNOLOGY INC.

Balance Sheets

December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Statements of Comprehensive Income

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars , Except for Earnings Per Share)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Statements of Changes in Equity

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Statements of Cash Flows

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars)

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(1) Company history

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(4) Summary of significant accounting policies

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(f) Financial instruments

(i) Financial assets

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in thousands of New Taiwan Dollars, unless otherwise specified)

(i) Sale of goods

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese.) SINHER TECHNOLOGY INC.

Notes to the Financial Statements

For the years ended December 31, 2025 and 2024

Sinher Audit Report / Information 2025