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SOLYTECH ENTERPRISE CORPORATION
Individual Financial Report and Independent Auditor's Report
2025 and 2024
(Stock Code:1471)

SOLYTECH ENTERPRISE CORPORATION
Individual Financial Report and Independent Auditor's Report For the Years Ended
December 31, 2025 and 2024
Table of Contents

Item	Page / No. / Index
I. Cover Page	1
II. Table of Contents	2~3
III. Independent Auditor's Report	4~9
IV. Individual Balance Sheet	10~11
V. Individual Statement of Comprehensive Income	12
VI. Individual Statement of Changes in Equity	13
VII. Individual Statement of Cash Flows	14
VIII. Notes to Individual Financial Statements	15~50
(I) Company History	15
(II) Date and Procedures for Approval of Financial Report	15
(III) Application of Newly Issued and Revised Standards and Interpretations	15~17
(IV) Summary of Significant Accounting Policies	17~25
(V) Principal Sources of Uncertainty in Significant Accounting Judgments, Estimates, and Assumptions	25
(VI) Notes to Significant Accounting Items	26~40
(VII) Related Party Transactions	40~41
(VIII) Pledged Assets	42
(IX) Significant Contingent Liabilities and Unrecognized Contractual Commitments	42

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Item	Page / No. / Index
(X) Significant Disaster Losses	42
(XI) Significant Subsequent Events	42
(XII) Other	42~50
(XIII) Supplemental Disclosure Items	50
(XIV) Operating Segment Information	50
IX. Detail Schedules of Significant Accounting Items
Cash and Cash Equivalents	Schedule 1
Financial Assets Measured at Amortized Cost — Current	Note 6(3)
Accounts Receivable	Schedule 2
Financial Assets at Fair Value Through Profit or Loss — Non-Current	Note 6(2)
Changes in Investments Accounted for Using the Equity Method	Schedule 3
Property, Plant and Equipment	Note 6(8)
Investment Properties	Note 6(10)
Other Non-Current Assets	Note 6(13)
Accounts Payable — Related Parties	Note 7
Other Payables	Note 6(12)
Operation Revenue	Note 6(15)
Cost of Sales	Schedule 4
Operating Expenses	Schedule 5
Summary of Employee Benefits, Depreciation, Depletion, and Amortization by Function	Schedule 6

Independent Auditor's Report
Document No.: (2026) Financial Audit Report No. 25003795
To the Board of Directors of Solytech Enterprise Corporation:

Audit Opinion

We have audited the accompanying individual financial statements of Solytech Enterprise Corporation (hereinafter "Solytech"), which comprise the individual balance sheets as of December 31, 2025 and 2024, and the individual statements of comprehensive income, individual statements of changes in equity, and individual statements of cash flows for the years ended December 31, 2025 and 2024, and notes to the individual financial statements, including a summary of significant accounting policies.

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

Basis for Audit Opinion

We conducted our audit in accordance with the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and auditing standards generally accepted in the Republic of China. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Individual Financial Statements section of our report. The members of our firm subject to independence requirements have maintained independence from Solytech in accordance with the Code of Professional Ethics for Certified Public Accountants of the Republic of China, and have fulfilled our other ethical responsibilities under the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Key Audit Matters

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

The key audit matters in our audit of Solytech's individual financial statements for the year ended December 31, 2025 are as follows:

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Assessment of Allowance for Inventory Valuation Losses

Description

For the accounting policy on inventory valuation, please refer to Note 4(12) of the individual financial report; for the uncertainty in accounting estimates and assumptions regarding inventory valuation, please refer to Note 5(2); for the explanation of the allowance for inventory valuation losses, please refer to Note 6(5).

Solytech and its subsidiaries primarily sell power supply units and computer chassis manufactured by subsidiaries. Due to the short product life cycles of electronic products and intense market competition, the risk of inventory write-downs or obsolescence is relatively high. Inventories of Solytech and its subsidiaries are measured at the lower of cost or net realizable value. For inventories that have exceeded a specified aging period or have been individually identified as obsolete, the net realizable value is estimated based on historical market price information for the disposal of obsolete inventory.

Given the rapid technological changes in the industry in which Solytech and its subsidiaries operate, and the fact that the net realizable values applied to obsolete inventory items involve significant subjective judgment and therefore high estimation uncertainty, and considering the material impact of the allowance for valuation losses on the financial statements, we have determined that the assessment of the allowance for inventory valuation losses of Solytech and its subsidiaries is one of the most significant matters in our audit for the current year.

Audit Procedures Performed in Response

The audit procedures performed in response to the allowance for inventory valuation losses for inventories exceeding a specified aging period and individually identified obsolete inventories are summarized as follows:

Based on our understanding of Solytech's operations and the nature of the industry, we assessed the reasonableness of the policies and procedures adopted for the allowance for inventory valuation losses.
We verified the appropriateness of the system logic of the inventory aging report used by Solytech for valuation purposes, to confirm that the report information is consistent with its policies.
For the net realizable values assessed for individually identified obsolete and damaged inventory items, we discussed with management and obtained supporting documentation to evaluate the reasonableness of the determined allowance for valuation losses.

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Assessment of Allowance for Credit Losses on Receivables (Including Other Receivables)

Description

For the accounting policy on the assessment of allowance for credit losses on receivables, please refer to Note 4(9) — Impairment of Financial Assets in the individual financial report; for the uncertainty in accounting estimates and assumptions regarding impairment of receivables, please refer to Note 5(2); for the explanation of the allowance for credit losses on receivables, please refer to Note 6(4). As of December 31, 2025, the balance of receivables of Solytech was NT$20,918 thousand (net of allowance for credit losses of NT$272 thousand).

The allowance for credit losses on receivables of Solytech and its subsidiaries is estimated based on historical experience, forward-looking information, and other known causes or objective evidence of expected credit impairment losses. Such allowances are recognized as a deduction from receivables in the period in which collection is assessed as potentially uncollectible, and Solytech and its subsidiaries periodically review the reasonableness of their loss estimates. Since the assessment of allowance for credit losses frequently involves subjective management judgment, various industry indicators, or the likelihood of subsequent recovery of receivables as a basis for estimating the amount to be recognized, and considering the material impact of the receivables and their allowance for credit losses on the financial statements of Solytech and its subsidiaries, we have determined that the assessment of the allowance for credit losses on receivables of Solytech and its subsidiaries is one of the most significant matters in our audit for the current year.

Audit Procedures Performed in Response

The audit procedures performed in response to the matters described above are summarized as follows:

Based on applicable accounting standards and our understanding of Solytech's operations and the credit quality of its customer credit standards, we assessed the reasonableness of the policies and procedures adopted for the allowance for credit losses on receivables, including the reasonableness of the customer groupings and aging analysis used to determine credit quality.
We assessed the reasonableness of the allowance for credit losses estimated by management.
We evaluated the reasonableness of Solytech's use of a provision matrix as the basis for estimating expected credit losses.
We performed subsequent receipts testing to corroborate the adequacy of the recognized allowance for credit losses.

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

Management is responsible for the preparation and fair presentation of the individual financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and for maintaining such internal controls as management determines necessary to enable the preparation of individual financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the individual financial statements, management is also responsible for assessing Solytech'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 Solytech or to cease operations, or has no realistic alternative but to do so.

Those charged with governance of Solytech (including the Audit Committee) are responsible for overseeing the financial reporting process.

Auditor's Responsibilities for the Audit of the Individual Financial Statements

Our objectives are to obtain reasonable assurance about whether the individual financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but an audit conducted in accordance with auditing standards generally accepted in the Republic of China does not guarantee that a material misstatement will always be detected. Misstatements can arise from fraud or error. They 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 individual financial statements.

As part of an audit conducted in accordance with auditing standards generally accepted in the Republic of China, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the individual 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 controls.

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Obtain an understanding of internal controls 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 Solytech's internal controls.
Evaluate the appropriateness of accounting policies used by management and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on Solytech's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the individual financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause Solytech to cease to continue as a going concern.
Evaluate the overall presentation, structure, and content of the individual financial statements (including the related notes), and whether the individual financial statements fairly present the underlying transactions and events.
Obtain sufficient and appropriate audit evidence regarding the financial information of the components within Solytech to express an opinion on the individual financial statements. We are responsible for the direction, supervision, and performance of the individual audit engagement, and for forming the audit opinion on the individual financial statements.

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 controls identified during the audit.

We also provide those charged with governance with a statement that the members of our firm subject to independence requirements have complied with the independence requirements of the Code of Professional Ethics for Certified Public Accountants of the Republic of China, and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, the related safeguards.

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From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of Solytech's individual financial statements for the year ended December 31, 2025, and are therefore the key audit matters. We describe these matters in our auditor's report unless 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.

PricewaterhouseCoopers, Taiwan

Wu Jen-Chieh
Accountant
Hu Chih-Hua

Financial Supervisory Commission
Approval Reference No.: Jin Guan Zheng Shen Zi No. 1120348565

March 11, 2026

SOLYTECH ENTERPRISE CORPORATION
Individual Balance Sheet
As of December 31, 2025 and 2024
Unit: NT$ Thousands

Assets	Notes	December 31, 2025		December 31, 2024
		Amount	%	Amount	%
Current Assets
1100	Cash and Cash Equivalents	6(1)	$ 84,351	6	$ 46,861	3
1110	Financial Assets at Fair Value	6(2)
	Through Profit or Loss — Current		14,710	1	11,173	1
1136	Financial Assets Measured at	6(3)
	Amortized Cost — Current		610,134	42	200,000	14
1170	Accounts Receivable, Net	6(4)	18,625	1	20,076	1
1200	Other Receivables		2,556	-	2,370	-
130X	Inventories	6(5)	3,312	-	3,763	-
1410	Prepayments	7	19,172	2	10,751	1
11XX	Total Current Assets		752,860	52	294,994	20
Non-Current Assets
1510	Financial Assets at Fair Value	6(2)
	Through Profit or Loss — Non-
	Current		-	-	13,754	1
1550	Investments Accounted for Using the	6(6)
	Equity Method		628,923	43	1,092,641	74
1600	Property, Plant and Equipment	6(7) & 8	39,093	3	37,344	3
1755	Right-of-Use Assets	6(8) & 7	1,874	-	3,511	-
1760	Investment Properties, Net	6(9) & 8	15,181	1	15,540	1
1900	Other Non-Current Assets	6(11)	23,202	1	20,328	1
15XX	Total Non-Current Assets		708,273	48	1,183,118	80
1XXX	Total Assets		$ 1,461,133	100	$ 1,478,112	100

(Continued on next page)

SOLYTECH ENTERPRISE CORPORATION
Individual Balance Sheet
As of December 31, 2025 and 2024
Unit: NT$ Thousands

	Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
			Amount	%	Amount	%
Accounts Payable
2170	Accounts Payable		$ 48	-	$ 2,853	-
2200	Other Payables	6(10)	11,053	1	11,793	1
2280	Lease Liabilities — Current	7	1,901	-	1,730	-
2300	Other Current Liabilities		1,280	-	1,344	-
21XX	Total Current Liabilities		14,282	1	17,720	1
Non-Current Liabilities
2580	Lease Liabilities — Non-Current	7	-	-	1,781	-
2600	Other Non-Current Liabilities		300	-	300	-
25XX	Total Non-Current Liabilities		300	-	2,081	-
2XXX	Total Liabilities		14,582	1	19,801	1
Equity
	Share Capital	6(12)
3110	Common Stock		1,504,145	103	1,504,145	102
	Capital Surplus	6(13)
3200	Capital Surplus		-	-	585,480	40
	Retained Earnings (Deficit)	6(14)
3350	Deficit to be Covered		( 146,209)	( 10)	( 739,490)	( 50)
	Other Equity
3400	Other Equity		88,615	6	108,176	7
3XXX	Total Equity		1,446,551	99	1,458,311	99
	Significant Subsequent Events	Note 11
3X2X	Total Liabilities and Equity		$ 1,461,133	100	$ 1,478,112	100

The accompanying notes to the individual financial statements are an integral part of this individual financial report and should be read in conjunction herewith.

Chairman: Cheng Chieh
Manager: : Cheng Hsiang
Chief Accounting Officer: Lin Ta-Chiun

SOLYTECH ENTERPRISE CORPORATION

Individual Statement of Comprehensive Income

For the Years Ended December 31, 2025 and 2024

Unit: NT$ Thousands

(Except earnings per share, which is in NT$)

	Item	Notes	2025		2024
			Amount	%	Amount	%
4000	Operation Revenue	6(15)	$ 69,106	100	$ 77,361	100
5000	Cost of Sales	6(5) & 7	( 61,429)	( 89)	( 71,095)	( 92)
5900	Gross Profit		7,677	11	6,266	8
	Operating Expenses	6(20)
6100	Selling Expenses		( 15,780)	( 23)	( 17,556)	( 23)
6200	General and Administrative Expenses		( 38,414)	( 55)	( 37,444)	( 48)
6300	Research and Development Expenses		( 519)	( 1)	( 1,182)	( 2)
6450	Expected Credit Loss	12(II)	-	-	( 236)	-
6000	Total Operating Expenses		( 54,713)	( 79)	( 56,418)	( 73)
6900	Operating Loss		( 47,036)	( 68)	( 50,152)	( 65)
	Non-Operating Income and Expenses
7100	Interest Income	6(16)	6,968	10	7,506	10
7010	Other Income	6(17)	2,231	3	1,863	2
7020	Other Gains and Losses	6(18)	35,255	51	4,718	6
7050	Finance Costs		( 95)	-	( 17)	-
7070	Share of profit or loss of subsidiaries, associates and joint ventures accounted for using the equity method	6(6)
			7,742	11	42,676	55
7000	Total Non-Operating Income and Expenses		52,101	75	56,746	73
7900	Net Income Before Tax		5,065	7	6,594	8
7950	Income Tax Expense	6(21)	-	-	-	-
8200	Net Income for the Period		$ 5,065	7	$ 6,594	8
	Other Comprehensive Income (Net)
	Items that will not be reclassified to profit or loss:
8311	Remeasurement of Defined Benefit Plans	6(11)	$ 2,736	4	$ 3,163	4
	Items that may be subsequently reclassified to profit or loss:
8361	Exchange Differences on Translation of Foreign Operations		( 19,561)	( 28)	19,151	25
8300	Other Comprehensive Income (Net)		($ 16,825)	( 24)	$ 22,314	29
8500	Total Equity		($ 11,760)	( 17)	$ 28,908	37
	Earnings Per Share	6(22)
9750	Basic Earnings Per Share		$	0.03	$	0.04
9850	Diluted Earnings Per Share		$	0.03	$	0.04

The accompanying notes to the individual financial statements are an integral part of this individual financial report and should be read in conjunction herewith.

Chairman: Cheng Chieh

Manager : Cheng Hsiang

Chief Accounting Officer: Lin Ta-Chiun

SOLYTECH ENTERPRISE CORPORATION

Individual Statement of Changes in Equity

For the Years Ended December 31, 2025 and 2024

Unit: NT$ Thousands

	Notes	Common Stock	Capital Surplus		Deficit to be Covered	Exchange Differences on Translation of Foreign Operations	Total Equity
			Difference Between Consideration and Carrying Amount for Acquisition or Disposal of Subsidiaries	Changes in Net Assets of Associates and Joint Ventures Accounted for Using the Equity Method
2024
Balance as of January 1, 2024		$ 1,504,145	$ 581,941	$ 3,539	($ 749,247 )	$ 89,025	$ 1,429,403
Net Income for the Period		-	-	-	6,594	-	6,594
Other comprehensive income for the period	6(11)	-	-	-	3,163	19,151	22,314
Total comprehensive income for the period		-	-	-	9,757	19,151	28,908
Balance as of December 31, 2024		$ 1,504,145	$ 581,941	$ 3,539	($ 739,490 )	$ 108,176	$ 1,458,311
2025
Balance as of January 1, 2025		$ 1,504,145	$ 581,941	$ 3,539	($ 739,490 )	$ 108,176	$ 1,458,311
Net Income for the Period		-	-	-	5,065	-	5,065
Other comprehensive income for the period	6(11)	-	-	-	2,736	( 19,561 )	( 16,825 )
Total Equity		-	-	-	7,801	( 19,561 )	( 11,760 )
Capital Surplus Applied to Offset Deficit		-	( 581,941 )	( 3,539 )	585,480	-	-
Balance as of December 31, 2025		$ 1,504,145	$ -	$ -	($ 146,209 )	$ 88,615	$ 1,446,551

The accompanying notes to the individual financial statements are an integral part of this individual financial report and should be read in conjunction herewith.

Chairman: Cheng Chieh

Manager: Cheng Hsiang

Chief Accounting Officer: Lin Ta-Chiun

SOLYTECH ENTERPRISE CORPORATION
Individual Statement of Cash Flows
For the Years Ended December 31, 2025 and 2024

Unit: NT$ Thousands

	Notes	Jan 1 – Dec 31, 2025	Jan 1 – Dec 31, 2024
Cash Flows from Operating Activities
Net income before tax for the period		$ 5,065	$ 6,594
Adjustments:
Income and expense items:
Depreciation expense (including investment properties and right-of-use assets)	6(18)
	(19)	4,333	3,909
Amortization expense	6(19)	75	140
Provision for expected credit losses	12(2)	-	236
Net (gain) loss on financial assets at fair value through profit or loss	6(18)	( 18,131 )	5,326
Share of profit or loss of subsidiaries, associates and joint ventures	6(6)
accounted for using the equity method		( 7,742 )	( 42,676 )
Gain on disposal of property, plant and equipment	6(18)	( 95 )	-
Interest Income	6(16)	( 6,968 )	( 7,506 )
Dividend Income	6(17)	( 358 )	-
Interest Expense		95	17
Net changes in assets/liabilities related to operating activities:
Net changes in assets related to operating activities
Financial assets at fair value through profit or loss		( 4,188 )	( 11,359 )
Accounts Receivable		1,451	4,662
Other Receivables		46	37
Inventories		451	( 296 )
Prepayments		( 8,421 )	( 9,175 )
Other Non-Current Assets		( 214 )	( 7 )
Net changes in liabilities related to operating activities
Accounts Payable		( 2,805 )	( 97,092 )
Other Payables		( 740 )	692
Other Current Liabilities		( 64 )	54
Cash outflows from operations		( 38,210 )	( 146,444 )
Interest received		6,057	9,661
Interest paid		( 95 )	( 17 )
Cash dividends received		2,107	689
Income tax refunded (paid)		680	( 706 )
Net cash outflows from operating activities		( 29,461 )	( 136,817 )
Cash flows from investing activities:
Proceeds from disposal of financial assets at fair value through profit or loss		32,536	-
Increase in financial assets measured at amortized cost		( 410,134 )	( 136,753 )
Acquisition of property, plant and equipment	6(7)	( 3,879 )	( 286 )
Proceeds from disposal of property, plant and equipment		95	-
Increase in other non-current assets		-	( 135 )
Return of capital from investees accounted for using the equity method	6(6)	450,150	-
Net cash inflows (outflows) from investing activities		68,768	( 137,174 )
Cash flows from financing activities:
Repayment of lease principal		( 1,817 )	( 1,784 )
Net cash outflows from financing activities		( 1,817 )	( 1,784 )
Net increase (decrease) in cash and cash equivalents for the period		37,490	( 275,775 )
Cash and cash equivalents at beginning of period		46,861	322,636
Cash and cash equivalents at end of period		$ 84,351	$ 46,861

The accompanying notes to the individual financial statements are an integral part of this individual financial report and should be read in conjunction herewith.

Chairman: Cheng Chieh
Manager : Cheng Hsiang
Chief Accounting Officer: Lin Ta-Chiun

SOLYTECH ENTERPRISE CORPORATION
NOTES TO INDIVIDUAL FINANCIAL STATEMENTS
2025 and 2024
Unit: NT$ Thousands
(Unless otherwise stated)

I. Company History

Solytech Enterprise Corporation (hereinafter "the Company") was established on October 21, 1982. The Company is primarily engaged in the manufacturing and sale of power supply units, computer chassis, and electronic components.

II. Date and Procedures for Approval of Financial Report

This individual financial report was approved and issued by the Board of Directors on March 11, 2026.

III. Application of Newly Issued and Revised Standards and Interpretations

(I) Impact of newly issued and revised International Financial Reporting Standards endorsed and issued into effect by the Financial Supervisory Commission (hereinafter "FSC")

The following table summarizes the newly issued, amended, and revised standards and interpretations applicable for the year ended December 31, 2025, as endorsed and issued into effect by the FSC:

New/Amended/Revised Standards and Interpretations	Effective Date as Issued by the IASB
Amendments to IAS 21 "Lack of Exchangeability"	January 1, 2025

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

(II) Impact of newly issued and revised International Financial Reporting Standards endorsed by the FSC but not yet adopted

The following table summarizes the newly issued, amended, and revised standards and interpretations applicable from the year ended December 31, 2026, as endorsed by the FSC:

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New/Amended/Revised Standards and Interpretations	Effective Date as Issued by the IASB
Amendments to IFRS 9 and IFRS 7 "Amendments to the Classification and Measurement of Financial Instruments"	January 1, 2026
Amendments to IFRS 9 and IFRS 7 "Contracts Referencing Nature-dependent Electricity"	January 1, 2026
IFRS 17 "Insurance Contracts"	January 1, 2023
Amendments to IFRS 17 "Insurance Contracts"	January 1, 2023
Amendments to IFRS 17 "Initial Application of IFRS 17 and IFRS 9 — Comparative Information"	January 1, 2023
Annual Improvements to IFRS Accounting Standards — Volume 11	January 1, 2026

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

(III) Impact of International Financial Reporting Standards issued by the IASB but not yet endorsed by the FSC

The following table summarizes the newly issued, amended, and revised standards and interpretations that have been issued by the IASB but not yet incorporated into the IFRS Accounting Standards endorsed by the FSC:

New/Amended/Revised Standards and Interpretations	Effective Date as Issued by the IASB
Amendments to IFRS 10 and IAS 28 "Sale or Contribution of Assets between an Investor and its Associate or Joint Venture"	To be determined by the IASB
IFRS 18 "Presentation and Disclosure in Financial Statements"	January 1, 2027 (Note)
IFRS 19 "Subsidiaries without Public Accountability: Disclosures"	January 1, 2027
Amendments to IAS 21 "Translation to a Hyperinflationary Currency"	January 1, 2027

Note: In its press release dated September 25, 2025, the FSC announced that public companies will be required to apply IFRS 18 starting from the year ended December 31, 2028. Companies that wish to early adopt IFRS 18 may do so after the FSC endorses IFRS 18.

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

IFRS 18 "Presentation and Disclosure in Financial Statements"

IFRS 18 replaces IAS 1 and updates the structure of the statement of comprehensive income, introduces new disclosure requirements for management performance measures, and enhances the principles of aggregation and disaggregation applied to primary financial statements and notes.

IV. Summary of Significant Accounting Policies

The principal accounting policies adopted in the preparation of this individual financial report are set out below. These policies have been consistently applied to all periods presented, unless otherwise stated.

(I) Statement of Compliance

This individual financial report has been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

(II) Basis of Preparation

Except for the following significant items, this individual financial report has been prepared on a historical cost basis:

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

(2) Defined benefit assets, recognized at the net amount of pension fund assets less the present value of defined benefit obligations.

The preparation of financial statements in conformity with IFRSs as endorsed and issued into effect by the FSC requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. Areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the individual financial report, are disclosed in Note 5.

(III) Foreign Currency Translation

This individual financial report is presented in New Taiwan Dollars, which is the Company's functional currency.
Foreign currency transactions and balances:

(1) Foreign currency transactions are translated into the functional currency using the spot exchange rate at the date of the transaction or measurement. Exchange differences arising from such translations are recognized in profit or loss for the current period.

(2) Foreign currency monetary assets and liabilities are remeasured at the spot exchange rate at the balance sheet date, and exchange differences arising from remeasurement are recognized in profit or loss for the current period.

(3) Foreign currency non-monetary assets and liabilities measured at fair value through profit or loss are remeasured at the spot exchange rate at the balance sheet date, and

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exchange differences are recognized in profit or loss; those measured at fair value through other comprehensive income are remeasured at the spot exchange rate at the balance sheet date, and exchange differences are recognized in other comprehensive income; those not measured at fair value are measured using the historical exchange rate at the date of the initial transaction.

(4) All exchange gains and losses are presented under "Other Gains and Losses" in the statement of profit or loss.

Translation of foreign operations:

(1) The results and financial position of all consolidated entities whose functional currency differs from the presentation currency are translated into the presentation currency as follows:

A. Assets and liabilities in each balance sheet are translated at the closing exchange rate at the date of that balance sheet;

B. Income and expenses in each statement of comprehensive income are translated at the average exchange rate for the period; and

C. All resulting exchange differences are recognized in other comprehensive income.

(2) When a foreign operation that is a subsidiary is partially disposed of or sold, the cumulative exchange differences recognized in other comprehensive income are re-attributed to the non-controlling interests of that foreign operation on a pro-rata basis. However, when the Company loses control of a foreign operation that is a subsidiary, even while retaining a partial interest in the former subsidiary, the transaction is treated as a disposal of the entire interest in the foreign operation.

(IV) Classification of Assets and Liabilities as Current and Non-Current

An asset is classified as current when it meets any of the following criteria:

(1) It is expected to be realized, or is intended for sale or consumption, in the normal operating cycle.

(2) It is held primarily for trading purposes.

(3) It is expected to be realized within twelve months after the reporting period.

(4) It is cash or a cash equivalent, unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

All other assets are classified as non-current.

A liability is classified as current when it meets any of the following criteria:

(1) It is expected to be settled in the normal operating cycle.

(2) It is held primarily for trading purposes.

(3) It is due to be settled within twelve months after the reporting period.

(4) The Company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period.

All other liabilities are classified as non-current.

~18~

(V) Cash Equivalents

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

(VI) Financial assets at fair value through profit or loss

Financial assets at fair value through profit or loss are financial assets other than those measured at amortized cost or at fair value through other comprehensive income.
The Company uses trade date accounting for financial assets at fair value through profit or loss that meet the criteria for regular way transactions.
The Company measures such assets at fair value on initial recognition, with related transaction costs recognized in profit or loss. Subsequent measurement is at fair value, with gains or losses recognized in profit or loss.
Dividend income is recognized in profit or loss when the right to receive payment is established, it is probable that the economic benefits associated with the dividend will flow to the Company, and the amount of the dividend can be reliably measured.

(VII) Financial Assets Measured at Amortized Cost

Financial assets measured at amortized cost are those that simultaneously meet both of the following conditions:
(1) The financial asset is held within a business model whose objective is to collect contractual cash flows.
(2) The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
The Company uses trade date accounting for financial assets measured at amortized cost that meet the criteria for regular way transactions.
On initial recognition, such assets are measured at fair value plus transaction costs, and subsequently measured using the effective interest method to recognize interest income over the holding period, along with recognition of impairment losses. Gains or losses are recognized in profit or loss upon derecognition.
The Company holds time deposits that do not qualify as cash equivalents. Due to their short holding periods, the effect of discounting is immaterial, and they are measured at the investment amount.

(VIII) Accounts and Notes Receivable

Accounts and notes receivable represent the right to unconditionally receive consideration already earned through the transfer of goods or services, as stipulated in a contract.
For short-term accounts and notes receivable that do not bear interest, the effect of discounting is immaterial, and the Company measures them at the original invoice amount.

~19~

(IX) Impairment of Financial Assets

At each balance sheet date, for financial assets measured at amortized cost, the Company considers all reasonable and supportable information (including forward-looking information) and measures the loss allowance at an amount equal to 12-month expected credit losses for assets where credit risk has not increased significantly since initial recognition, or at an amount equal to lifetime expected credit losses for assets where credit risk has increased significantly since initial recognition. For accounts receivable or contract assets that do not contain a significant financing component, the loss allowance is measured at an amount equal to lifetime expected credit losses.

(X) Derecognition of Financial Assets

A financial asset is derecognized when the contractual rights to receive cash flows from the asset expire.

(XI) Lessor Accounting — Operating Leases

Lease income from operating leases, net of any incentives given to lessees, is recognized in profit or loss on a straight-line basis over the lease term.

(XII) Inventories

Inventories are measured at the lower of cost or net realizable value. Cost is determined using the weighted average method. The cost of finished goods and work in progress comprises raw materials, direct labor, other direct costs, and production-related manufacturing overhead (allocated based on normal capacity), but excludes borrowing costs. The comparison of cost and net realizable value is performed on an item-by-item basis. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

(XIII) Investments Accounted for Using the Equity Method / Subsidiaries

A subsidiary is an entity controlled by the Company (including structured entities). The Company controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity.
Unrealized gains and losses arising from transactions between the Company and its subsidiaries are eliminated. The accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Company.
The Company recognizes its share of the post-acquisition profit or loss of subsidiaries in profit or loss, and its share of post-acquisition other comprehensive income in other comprehensive income. If the Company's share of losses of a subsidiary equals or exceeds its interest in the subsidiary, the Company continues to recognize losses in proportion to its ownership interest.
Changes in the Company's ownership interest in a subsidiary that do not result in a loss

~20~

of control (transactions with non-controlling interests) are accounted for as equity transactions, i.e., transactions with owners in their capacity as owners. The difference between the fair value of any consideration paid or received and the amount by which the non-controlling interests are adjusted is recognized directly in equity.

Pursuant to the Regulations Governing the Preparation of Financial Reports by Securities Issuers, the profit or loss and other comprehensive income for the period in the individual financial report shall be the same as the amounts attributable to the owners of the parent in the consolidated financial report. The owners' equity in the individual financial report shall be the same as the equity attributable to the owners of the parent in the consolidated financial report.

(XIV) Property, Plant and Equipment

Property, plant and equipment are recorded at acquisition cost, and relevant interest costs during the construction period are capitalized.
Subsequent costs are included in the asset's carrying amount or recognized as a separate asset only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be reliably measured. The carrying amount of the replaced part is derecognized. All other repair and maintenance costs are recognized in profit or loss as incurred.
Subsequent measurement of property, plant and equipment adopts the cost model. Depreciation is calculated using the straight-line method over the estimated useful lives of each asset, except for land which is not depreciated. Significant components of property, plant and equipment are depreciated separately.
The residual values, useful lives, and depreciation methods of assets are reviewed at the end of each financial year. If the expected residual values or useful lives differ from previous estimates, or if there has been a significant change in the expected pattern of consumption of the future economic benefits embodied in the asset, the change is accounted for as a change in accounting estimate under IAS 8 "Accounting Policies, Changes in Accounting Estimates and Errors" from the date of the change. The useful lives of each category of assets are as follows:

Buildings and structures	5 to 45 years
Machinery and Equipment	3 to 5 years
Other	2 to 5 years

(XV) Lessee Accounting — Right-of-Use Assets / Lease Liabilities

Leased assets are recognized as right-of-use assets and lease liabilities on the date the assets are available for use by the Company. When a lease agreement qualifies as a short-term lease or a lease of a low-value asset, lease payments are recognized as an expense on a straight-line basis over the lease term.

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At the commencement date of a lease, lease liabilities are recognized at the present value of the outstanding lease payments discounted at the interest rate implicit in the lease. Lease payments include:

(1) Fixed payments, less any lease incentives receivable;
(2) Variable lease payments that depend on an index or rate.

Lease liabilities are subsequently measured at amortized cost using the effective interest method, with interest expense recognized over the lease term. When a change in lease term or lease payments occurs that is not attributable to a contract modification, the lease liability is remeasured, and the remeasurement amount is adjusted against the right-of-use asset.

Right-of-use assets are initially recognized at cost on the commencement date of the lease. Cost comprises:

(1) The initial measurement of the lease liability;
(2) Any lease payments made at or before the commencement date;
(3) Any initial direct costs incurred.

Right-of-use assets are subsequently measured using the cost model and depreciated over the shorter of the useful life of the right-of-use asset or the lease term. When the lease liability is remeasured, the right-of-use asset is adjusted by the remeasurement amount.

(XVI) Investment Properties

Investment properties are recognized at acquisition cost and subsequently measured using the cost model. Investment properties are recognized at acquisition cost and subsequently measured using the cost model. Depreciation is calculated using the straight-line method over the estimated useful life of 45 years, except for land which is not depreciated.

(XVII) Impairment of Non-Financial Assets

At each balance sheet date, the Company estimates the recoverable amount of assets that show indications of impairment. An impairment loss is recognized when the recoverable amount is less than the carrying amount. The recoverable amount is the higher of an asset's fair value less costs of disposal or its value in use. When the circumstances that gave rise to a previously recognized impairment loss no longer exist or have diminished, the impairment loss is reversed; however, the increased carrying amount due to the reversal shall not exceed the carrying amount that would have been determined, net of depreciation or amortization, had no impairment loss been recognized.

(XVIII) Accounts and Notes Payable

Accounts and notes payable represent obligations arising from purchases of raw materials, goods, or services on credit, and notes payable arising from operating and non-operating activities.
For short-term accounts and notes payable that do not bear interest, the effect of

~22~

discounting is immaterial, and the Company measures them at the original invoice amount.

(XIX) Derecognition of Financial Liabilities

A financial liability is derecognized when the obligation specified in the contract is discharged, cancelled, or expires.

(XX) Employee Benefits

Short-term employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid and recognized as an expense when the related service is provided.

Retirement benefits:

(1) Defined contribution plans

For defined contribution plans, the contributions to be made are recognized as pension costs for the current period on an accrual basis. Prepaid contributions are recognized as an asset to the extent of a cash refund or reduction in future payments.

(2) Defined benefit plans

A. The net obligation under a defined benefit plan is calculated by discounting the estimated future benefits earned by employees in current and prior periods, representing the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by an actuary using the projected unit credit method. The discount rate is determined by reference to market yields at the balance sheet date on high-quality corporate bonds with a currency and term consistent with the defined benefit plan; in countries where there is no deep market in such corporate bonds, the market yields on government bonds at the balance sheet date are used.

B. Remeasurements arising from defined benefit plans are recognized in other comprehensive income in the period they occur and presented within retained earnings.

Termination benefits

Termination benefits are provided when the Company terminates an employee's employment before normal retirement date, or when an employee accepts voluntary redundancy in exchange for these benefits. The Company recognizes termination benefits at the earlier of when it can no longer withdraw the offer of those benefits or when it recognizes costs for a related restructuring. Benefits not expected to be settled wholly within twelve months after the balance sheet date are discounted.

Employee compensation and director compensation

Employee compensation and director compensation are recognized as expenses and liabilities when there is a legal or constructive obligation and the amount can be reasonably estimated. Differences between the actual distribution subsequently resolved

~23~

and the estimated amount are treated as changes in accounting estimates.

(XXI) Income Taxes

Income tax expense comprises current and deferred income taxes. Income taxes related to items recognized in other comprehensive income or directly in equity are recognized in other comprehensive income or directly in equity, respectively; all other income taxes are recognized in profit or loss.
Current income taxes are calculated based on the tax rates enacted or substantively enacted at the balance sheet date in the countries where the Company operates and generates taxable income. Management periodically evaluates the tax positions taken with respect to applicable income tax regulations and, where appropriate, establishes income tax liabilities based on the amounts expected to be paid to the tax authorities. The additional income tax on unappropriated earnings under the Income Tax Act is recognized as income tax expense in the year following the year in which the earnings are generated, after the shareholders' meeting approves the earnings distribution.
Deferred income taxes are recognized using the balance sheet liability method, based on temporary differences between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. Deferred income taxes are not recognized if they arise from transactions (other than business combinations) that affect neither accounting profit nor taxable income (tax loss) at the time of the transaction. Deferred taxes arising from temporary differences related to investments in subsidiaries and associates are not recognized if 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. Deferred income taxes are measured at the tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet date and are expected to apply when the related deferred tax asset is realized or the deferred tax liability is settled.
Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized, and both unrecognized and recognized deferred tax assets are reassessed at each balance sheet date.
Current income tax assets and liabilities are offset only when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realize the asset and settle the liability simultaneously. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities, and when the deferred taxes are levied by the same tax authority on either the same taxable entity, or different taxable entities that intend to settle on a net basis or to realize the assets and settle the liabilities

~24~

simultaneously.

(XXII) Share Capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of new shares or share options are deducted from equity as a reduction of the proceeds, net of income tax.

(XXIII) Revenue Recognition

The Company manufactures and sells chassis, power supply units, and related products. Revenue from the sale of goods is recognized when control of the products is transferred to the customer — that is, when the products are delivered to the customer, the customer has discretion over the channel and price of the product's sale, and the Company has no unfulfilled performance obligations that might affect the customer's acceptance of the products. Delivery is considered to have occurred when the products have been shipped to a specified location, the risks of obsolescence and loss have been transferred to the customer, and the customer has accepted the products in accordance with the sales contract, or there is objective evidence that all acceptance criteria have been satisfied.
Revenue is recognized at the contract price net of estimated sales allowances. The amount of revenue recognized is limited to the portion for which it is highly probable that a significant reversal will not occur, and estimates are updated at each balance sheet date. The collection terms for sales transactions are primarily due 30 to 210 days after the date of transfer of control; accordingly, it is determined that the contracts do not contain a significant financing component.
Accounts receivable are recognized when control of the products is transferred to the customer, at which point the Company has an unconditional right to the contract consideration and only the passage of time is required before payment from the customer is due.

V. Principal Sources of Uncertainty in Significant Accounting Judgments, Estimates, and Assumptions

In preparing this individual financial report, management has applied its judgment to determine the accounting policies adopted and has made accounting estimates and assumptions based on reasonable expectations of future events given the circumstances at the balance sheet date. Actual results may differ from these estimates, which will be continually evaluated and adjusted based on historical experience and other factors. These estimates and assumptions carry a risk of causing material adjustments to the carrying amounts of assets and liabilities in the next financial year. Please refer to the following descriptions of significant accounting judgments, estimates, and sources of uncertainty in assumptions:

(I) Significant Judgments in the Application of Accounting Policies

The Company has no significant accounting judgments in the application of accounting policies.

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(II) Significant Accounting Estimates and Assumptions

The Company's accounting estimates are based on reasonable expectations of future events given the circumstances at the balance sheet date; however, actual results may differ from estimates, and there is a risk of material adjustments to the carrying amounts of assets and liabilities in the next financial year. Details are as follows:

Assessment of impairment of receivables:

The Company assesses individual receivables for objective evidence of incurred impairment losses and, after evaluating the future collectability of the receivables, recognizes impairment losses accordingly. The amount of impairment losses represents the expected credit losses assessed after considering various indicators, including forward-looking information. If forward-looking information and other indicators deteriorate or decline in the future, material impairment losses may arise.

As of December 31, 2025, the balances of the Company's receivables (including other receivables) and allowance for credit losses are disclosed in Notes 6(4) and 12(2).

Valuation of inventories

As inventories must be measured at the lower of cost or net realizable value, the Company must exercise judgment and estimates to determine the net realizable value of inventories at the balance sheet date. Due to rapid technological changes, the Company assesses the amount of inventories that have suffered normal losses, become obsolete, or have no market value at the balance sheet date and writes down inventory cost to net realizable value.

As of December 31, 2025, the carrying amount of the Company's inventories is disclosed in Note 6(5).

VI. Notes to Significant Accounting Items

(I) Cash and Cash Equivalents

	December 31, 2025	December 31, 2024
Cash on hand and petty cash	$ 20	$ 40
Checking deposits and demand deposits	84,331	46,821
Total	$ 84,351	$ 46,861

The financial institutions with which the Company transacts have good credit quality. The Company transacts with multiple financial institutions to diversify credit risk, and the probability of default is assessed as very low.
The Company has not pledged any cash and cash equivalents as collateral.
Time deposits that do not meet the definition of cash equivalents have been reclassified under "Financial Assets Measured at Amortized Cost." Please refer to Note 6(3).

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(II) Financial assets at fair value through profit or loss

	December 31, 2025	December 31, 2024
Item
Current items:
Mandatorily measured at fair value through profit or loss
Beneficiary certificates	$ 15,616	$ 11,359
Fair value adjustment	( 906)	( 186)
Total	$ 14,710	$ 11,173
Non-current items:
Mandatorily measured at fair value through profit or loss
Unlisted/OTC/Emerging market stocks	$ -	$ 176,305
Fair value adjustment	-	( 162,551)
Total	$ -	$ 13,754

Details of gains and losses on financial assets at fair value through profit or loss recognized in profit or loss are as follows:

	2025	2024
Mandatorily measured at fair value through profit or loss
Equity instruments	$ 18,782	($ 5,140)
Beneficiary certificates	( 651)	( 186)
Total	$ 18,131	($ 5,326)

For information on financial assets at fair value through profit or loss, please refer to Note 12(3).

(III) Financial Assets Measured at Amortized Cost

Item	December 31, 2025	December 31, 2024
Current items
Time deposits	$ 610,134	$ 200,000

Details of amounts recognized in profit or loss on financial assets measured at amortized cost are as follows:

	2025	2024
Interest Income	$ 3,804	$ 1,709

Without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk of the Company's financial assets measured at amortized cost as of December 31, 2025 and 2024 is best represented by their carrying amounts.
For information on credit risk related to financial assets measured at amortized cost, please refer to Note 12(2). The Company's counterparties for time deposit investments are financial

institutions with good credit quality, and the probability of default is assessed as very low.

(IV) Accounts Receivable

	December 31, 2025	December 31, 2024
Accounts Receivable	$ 18,897	$ 20,360
Less: Allowance for credit losses	(272)	(284)
	$ 18,625	$ 20,076

The balances of accounts receivable as of December 31, 2025 and 2024 arose from customer contracts. The balance of accounts receivable as of January 1, 2024 was $25,014.
Without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk of the Company's accounts receivable as of December 31, 2025 and 2024 is best represented by their carrying amounts.
The Company does not hold any collateral.
For information on credit risk related to accounts receivable, please refer to Note 12(2).

(V) Inventories

	December 31, 2025	Allowance for Valuation
	Cost	Losses	Carrying Amount
Finished goods	$ 4,474	($ 1,640)	$ 2,834
Merchandise inventory	3,539	( 3,061)	478
	$ 8,013	($ 4,701)	$ 3,312
	December 31, 2024
		Allowance for Valuation
	Cost	Losses	Carrying Amount
Finished goods	$ 3,929	($ 1,494)	$ 2,435
Merchandise inventory	5,625	( 4,297)	1,328
	$ 9,554	($ 5,791)	$ 3,763
Inventory costs recognized as expenses for the current period:
		2025	2024
Cost of inventories sold		$ 62,057	$ 71,310
Gain on reversal of inventory write-down		( 1,090)	( 370)
Loss on inventory write-off		462	155
		$ 61,429	$ 71,095

For the years ended December 31, 2025 and 2024, the partial disposal of inventories whose net realizable value was below cost resulted in a recovery of net realizable value, which was recognized as a reduction in cost of sales.

(VI) Investments Accounted for Using the Equity Method

	December 31, 2025	December 31, 2024
Subsidiaries:
AMPLE CROWN INTERNATIONAL LTD.	$ 611,878	$ 1,073,562
Feng Yin Investment Co., Ltd.	17,045	19,079
	$ 628,923	$ 1,092,641

For information on the Company's subsidiaries, please refer to Note 4(3) of the Company's 2025 consolidated financial statements.
The Company's subsidiary, AMPLE CROWN INTERNATIONAL LTD., carried out a capital reduction in 2025, with the amount of capital returned being $450,150.
The share of profit (loss) of subsidiaries recognized using the equity method for the years ended December 31, 2025 and 2024 is as follows:

	December 31, 2025	December 31, 2024
Subsidiaries:
AMPLE CROWN INTERNATIONAL LTD.	$ 8,027	$ 40,732
Feng Yin Investment Co., Ltd.	(285)	1,944
	$ 7,742	$ 42,676

(VII) Property, Plant and Equipment

	Land	Buildings & Structures	Machinery & Equipment	Other	Total
January 1, 2025
Cost	$14,986	$ 37,051	$ 7,681	$ 35,068	$ 94,786
Accumulated depreciation and impairment	-	( 17,286)	( 7,681)	( 32,475)	( 57,442)
	$14,986	$ 19,765	$ -	$ 2,593	$ 37,344
2025
January 1	$14,986	$ 19,765	$ -	$ 2,593	$ 37,344
Additions	-	1,459	-	2,420	3,879
Depreciation expense	-	( 984)	-	( 1,146)	( 2,130)
December 31	$14,986	$ 20,240	$ -	$ 3,867	$ 39,093
December 31, 2025
Cost	$14,986	$ 38,510	$ 7,681	$ 37,488	$ 98,665
Accumulated depreciation and impairment	-	( 18,270)	( 7,681)	( 33,621)	( 59,572)
	$14,986	$ 20,240	$ -	$ 3,867	$ 39,093

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	Land	Buildings & Structures	Machinery & Equipment	Other	Total
January 1, 2024
Cost	$14,986	$ 37,051	$ 7,681	$ 34,782	$ 94,500
Accumulated depreciation and impairment	-	( 16,474)	( 7,681)	( 31,498)	( 55,653)
	$14,986	$ 20,577	$ -	$ 3,284	$ 38,847
2024
January 1	$14,986	$ 20,577	$ -	$ 3,284	$ 38,847
Additions	-	-	-	286	286
Depreciation expense	-	( 812)	-	( 977)	( 1,789)
December 31	$14,986	$ 19,765	$ -	$ 2,593	$ 37,344
December 31, 2024
Cost	$14,986	$ 37,051	$ 7,681	$ 35,068	$ 94,786
Accumulated depreciation and impairment	-	( 17,286)	( 7,681)	( 32,475)	( 57,442)
	$14,986	$ 19,765	$ -	$ 2,593	$ 37,344

For information on assets pledged as collateral under property, plant and equipment, please refer to Note 8.

(VIII) Lease Transactions — Lessee

The Company's leased assets include buildings and other assets. Lease terms are generally between 1 and 2 years. Lease agreements are individually negotiated and contain various terms and conditions. Other than the restriction that leased assets may not be used as collateral for borrowings, no other restrictions are imposed.
The lease term for multifunctional office equipment leased by the Company does not exceed 12 months.
Information on the carrying amounts of right-of-use assets and recognized depreciation expense is as follows:

	December 31, 2025	December 31, 2024
	Carrying Amount	Carrying Amount
Buildings	$ 1,874	$ 3,511
	2025	2024
	Depreciation expense	Depreciation expense
Buildings	$ 1,844	$ 1,761

Additions to right-of-use assets for the years ended December 31, 2025 and 2024 were $0 and $3,511, respectively.
Information on income and expense items related to lease agreements is as follows:

	2025	2024
Items affecting profit or loss for the period:
Interest expense on lease liabilities	$ 73	$ 17
Expenses relating to short-term leases	114	114

Total cash outflows related to leases for the years ended December 31, 2025 and 2024 were $2,004 and $1,915, respectively.

(IX) Investment Properties

	Land	Buildings & Structures	Total
January 1, 2025
Cost	$ 6,701	$ 16,483	$ 23,184
Accumulated depreciation	-	( 7,644)	( 7,644)
	$ 6,701	$ 8,839	$ 15,540
2025
January 1	$ 6,701	$ 8,839	$ 15,540
Depreciation expense	-	( 359)	( 359)
December 31	$ 6,701	$ 8,480	$ 15,181
December 31, 2025
Cost	$ 6,701	$ 16,483	$ 23,184
Accumulated depreciation	-	( 8,003)	( 8,003)
	$ 6,701	$ 8,480	$ 15,181
	Land	Buildings & Structures	Total
January 1, 2024
Cost	$ 6,701	$ 16,483	$ 23,184
Accumulated depreciation	-	( 7,285)	( 7,285)
	$ 6,701	$ 9,198	$ 15,899
2024
January 1	$ 6,701	$ 9,198	$ 15,899
Depreciation expense	-	( 359)	( 359)
December 31	$ 6,701	$ 8,839	$ 15,540
December 31, 2024
Cost	$ 6,701	$ 16,483	$ 23,184
Accumulated depreciation	-	( 7,644)	( 7,644)
	$ 6,701	$ 8,839	$ 15,540

Rental income and direct operating expenses of investment properties:

	2025	2024
Rental income from investment properties	$ 1,787	$ 1,749
Direct operating expenses incurred on investment properties that generated rental income during the period	$ 359	$ 359

The fair values of the Company's investment properties as of December 31, 2025 and 2024 were $48,910 and $47,200, respectively. The above fair values were assessed based on valuation reports with reference to market transaction prices of similar properties in the vicinity of the relevant assets, and the results are classified as Level 3 fair value.
For information on assets pledged as collateral under investment properties, please refer to Note 8.

(X) Other Payables

	December 31, 2025	December 31, 2024
Accrued salaries and bonuses	$ 7,586	$ 7,896
Accrued service fees	1,780	2,223
Other	1,687	1,674
	$ 11,053	$ 11,793

(XI) Retirement Benefits

Defined Benefit Plan

(1) In accordance with the Labor Standards Act, the Company has established a defined benefit retirement plan applicable to the service years of all regular employees prior to the implementation of the Labor Pension Act on July 1, 2005, as well as the subsequent service years of employees who elected to continue to be covered under the Labor Standards Act after the implementation of the Labor Pension Act. Employees meeting the retirement eligibility requirements are entitled to retirement benefits calculated based on years of service and the average salary for the six months prior to retirement. For service years up to and including 15 years, two base units are granted for each full year of service; for service years exceeding 15 years, one base unit is granted for each full year of service, with a cumulative maximum of 45 base units. The Company contributes 2% of total monthly payroll to a retirement fund, which is deposited in a dedicated account in the name of the Labor Retirement Reserve Supervisory Committee at Bank of Taiwan. Additionally, before the end of each year, the Company estimates the balance of the aforementioned dedicated retirement fund account. If the balance is insufficient to cover the estimated retirement benefits payable within the following year to employees expected to meet retirement eligibility requirements, the Company will make a lump-sum contribution of the shortfall by the end of March of the following year.

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(2) Amounts recognized in the balance sheet are as follows:

	December 31, 2025	December 31, 2024
Present value of defined benefit obligation	$ 17,764	$ 17,545
Fair value of plan assets	( 40,487)	( 37,318)
Net Defined Benefit Asset (recorded under "Other Non-Current Assets")	($ 22,723)	($ 19,773)

(3) Changes in net defined benefit asset are as follows:

	Present value of defined benefit obligation	Fair value of plan assets	Net Defined Benefit Asset
2025
Balance as of January 1	$ 17,545	($ 37,318)	($ 19,773)
Current service cost	82	-	82
Interest expense (income)	263	( 559)	( 296)
	17,890	( 37,877)	( 19,987)
Remeasurements:
Return on plan assets (Note)	-	( 2,610)	( 2,610)
Effect of changes in financial assumptions	119	-	119
Experience adjustments	( 245)	-	( 245)
	( 126)	( 2,610)	( 2,736)
Balance as of December 31	$ 17,764	($ 40,487)	($ 22,723)
	Present value of defined benefit obligation	Fair value of plan assets	Net Defined Benefit Asset
2024
Balance as of January 1	$ 17,310	($ 33,913)	($ 16,603)
Current service cost	193	-	193
Interest expense (income)	208	( 408)	( 200)
	17,711	( 34,321)	( 16,610)
Remeasurements:
Return on plan assets (Note)	-	( 2,997)	( 2,997)
Effect of changes in financial assumptions	187	-	( 187)
Experience adjustments	21	-	21
	( 166)	( 2,997)	( 3,163)
Balance as of December 31	$ 17,545	($ 37,318)	($ 19,773)

Note: Excluding amounts included in interest income or expense.

(4) The defined benefit retirement plan fund assets of the Company are managed by Bank of Taiwan within the scope of the entrusted management items and amounts as stipulated in the annual investment and utilization plan of the fund, in accordance with Article 6 of the Regulations for Revenues, Expenditures, Safeguard and

Utilization of the Labor Retirement Fund (i.e., deposits with domestic and foreign financial institutions, investments in domestic and foreign listed, OTC, or privately placed equity securities, and investments in securitized real estate products both domestically and abroad). The utilization of the fund is supervised by the Bureau of Labor Funds. The minimum annual return on the fund, as determined at each year-end settlement, shall not be lower than the return calculated based on the local bank's two-year time deposit interest rate; any shortfall shall be supplemented by the National Treasury upon approval by the competent authority. As the Company does not have the right to participate in the operation and management of the fund, it is unable to disclose the classification of the fair value of plan assets as required by paragraph 142 of IAS 19. For the fair value of the total assets of the fund as of December 31, 2025 and 2024, please refer to the annual Labor Retirement Fund utilization reports published by the government.

(5) A summary of actuarial assumptions used for retirement benefits is as follows:

	2025	2024
Discount rate	1.30%	1.50%
Future salary increase rate	2.00%	2.00%

Assumptions regarding future mortality rates are based on published statistics and experience in each country.

The analysis of the sensitivity of the present value of the defined benefit obligation to changes in the principal actuarial assumptions is as follows:

	Discount rate		Future salary increase rate
	Increase 0.25%	Decrease 0.25%	Increase 0.25%	Decrease 0.25%
December 31, 2025
Effect on present value of defined benefit obligation	($ 149)	$ 152	$ 115	($ 113)
December 31, 2024
Effect on present value of defined benefit obligation	($ 152)	$ 156	$ 119	($ 117)

The above sensitivity analyses are based on changes in one assumption while holding all other assumptions constant. In practice, changes in many assumptions may be correlated. The sensitivity analyses are consistent with the method used to calculate the net retirement benefit liability in the balance sheet.

The method and assumptions used in preparing the sensitivity analyses for the current period are the same as those used in the prior period.

(6) The Company does not expect to make any contributions to the retirement plan in 2026.

(7) As of December 31, 2025, the weighted average duration of the retirement plan is 4 years.

~34~

Defined Contribution Plan

(1) Starting July 1, 2005, the Company established a defined contribution retirement plan under the Labor Pension Act, applicable to employees of ROC nationality. For employees who have elected to participate in the labor pension system under the Labor Pension Act, the Company contributes 6% of monthly salaries to the employees' individual accounts at the Bureau of Labor Insurance. Retirement benefits are paid to employees either in monthly installments or as a lump sum, based on the balance and accumulated earnings in each employee's individual retirement account.

(2) For the years ended December 31, 2025 and 2024, pension costs recognized by the Company under the above retirement plan were $1,242 and $1,289, respectively.

(XII) Share Capital

As of December 31, 2025, the Company's authorized capital is $3,500,000, divided into 350,000 thousand shares. The paid-in capital is $1,504,145, with 150,414,536 ordinary shares issued and outstanding, at a par value of NT$10 per share. All issued shares have been fully paid up.

(XIII) Capital Surplus

Pursuant to the Company Act, the capital surplus arising from the premium on issuance of shares and from donated assets may, in addition to being used to offset losses, be distributed as new shares or cash to shareholders in proportion to their existing shareholdings when the Company has no accumulated deficit. Furthermore, pursuant to the Securities and Exchange Act, the amount of capital surplus transferred to share capital each year may not exceed 10% of paid-in capital in aggregate. Capital surplus may not be used to make up for a capital deficit unless the legal reserve is insufficient to do so.

(XIV) Retained Earnings (Deficit to be Covered)

The after-tax net profit from the Company's annual final accounts shall be distributed in the following order:

(1) Offsetting losses.

(2) Setting aside 10% as legal reserve, unless the legal reserve has already reached the amount of paid-in capital.

(3) Setting aside or reversing special reserves as required by applicable laws and regulations. Where the appropriation of special reserves relates to the net debit balance of other equity items accumulated in prior periods and the net increase in fair value of investment properties, a special reserve of an equal amount shall be appropriated from prior periods' unappropriated retained earnings; if insufficient, the shortfall shall be appropriated from the current period's after-tax net income plus any amounts included in the current period's unappropriated retained earnings from items other than the current period's after-tax net income. Where the Board of Directors prepares a profit distribution proposal involving issuance of new shares, the proposal

~35~

shall be submitted to the shareholders' meeting for resolution; where cash distribution is proposed, the Board of Directors is authorized, by attendance of two-thirds or more of the directors and resolution of more than half of the attending directors, to distribute all or part of the dividends and bonuses or the legal reserve and capital surplus, and to report such distribution to the shareholders' meeting.

Given the rapidly changing industry environment and the Company's growth stage with diversification underway, and taking into account the Company's future funding needs, long-term financial planning, and shareholders' need for cash inflows, no less than 10% of annual distributable earnings shall be allocated for distribution as shareholder dividends; provided, however, that no distribution need be made when accumulated distributable earnings fall below 5% of paid-in capital. Shareholder dividends may be distributed in the form of cash or shares, with cash dividends constituting no less than 10% of total dividends; provided, however, that where the cash dividend per share is less than NT$1, the entire amount may instead be distributed as stock dividends.
The legal reserve may not be used except to offset losses or to distribute new shares or cash to shareholders in proportion to their existing shareholdings; provided, however, that distributions of new shares or cash are limited to the portion of the legal reserve exceeding 25% of paid-in capital.
When the Company distributes earnings, applicable laws and regulations require that a special reserve be set aside in respect of any debit balance in other equity items as of the balance sheet date before distribution may be made. When such debit balances in other equity items are subsequently reversed, the reversed amounts may be included in distributable earnings.
The Company's Board of Directors resolved on March 11, 2026 to approve the loss appropriation proposal for the year ended December 31, 2025.
The shareholders' meetings held on June 20, 2025 and June 19, 2024 resolved to approve the loss appropriation proposals for the years ended December 31, 2024 and 2023, respectively, which were consistent with the proposals put forward by the Board of Directors.

(XV) Operation Revenue

The Company's revenue from customer contracts arises from goods transferred at a point in time. Revenue can be disaggregated into the following principal product categories:

Revenue from Customer Contracts	Power Supply Units	Computer Chassis	Other	Total
2025	$ 42,255	$ 24,791	$ 2,060	$ 69,106
2024	$ 47,775	$ 27,349	$ 2,237	$ 77,361

(XVI) Interest Income

	2025	2024
Interest on bank deposits	$ 2,542	$ 5,764
Interest income on financial assets measured at amortized cost	3,804	1,709
Interest income on financial assets at fair value through profit or loss — current	622	33
Total	$ 6,968	$ 7,506

(XVII) Other Income

	2025	2024
Rental income	$ 1,787	$ 1,749
Dividend Income	358	-
Other Income	86	114
Total	$ 2,231	$ 1,863

(XVIII) Other Gains and Losses

	2025	2024
Gain (loss) on financial assets at fair value through profit or loss	$ 18,131	($ 5,326)
Net foreign currency exchange gain	17,503	10,615
Depreciation of investment properties	( 359)	( 359)
Gain on disposal of property, plant and equipment	95	-
Miscellaneous expenses	( 115)	( 212)
Total	$ 35,255	$ 4,718

(XIX) Additional Information on Nature of Expenses

	2025	2024
Employee benefit expenses	$ 35,255	$ 36,467
Depreciation expense (Note 1)	$ 3,974	$ 3,550
Amortization expense (Note 2)	$ 75	$ 140

Note 1: Includes depreciation of property, plant and equipment and right-of-use assets.
Note 2: Amortization of deferred expenses.

(XX) Employee benefit expenses

	2025	2024
Salary expenses	$ 27,639	$ 28,758
Labor and health insurance expenses	2,743	2,568
Retirement benefit expenses	1,028	1,282
Director remuneration	2,640	2,640
Other personnel expenses	1,205	1,219
	$ 35,255	$ 36,467

Pursuant to the Company's Articles of Incorporation, if there is a remaining balance after deducting accumulated losses from the current year's profit, the Company shall allocate 5%–10% as employee compensation and no more than 3% as director compensation.
As of December 31, 2025 and 2024, the Company had accumulated losses; accordingly, pursuant to the Articles of Incorporation, no employee compensation or director compensation has been estimated.
Information on employee compensation and director compensation approved by the Board of Directors and resolved by the shareholders' meeting can be found on the Market Observation Post System.

(XXI) Income Taxes

Income Taxes

There was no income tax expense for the years ended December 31, 2025 and 2024.

Reconciliation of income tax expense and accounting profit:

	2025	2024
Income tax calculated at the statutory rate on net loss before tax	$ 1,013	$ 1,319
Effect of temporary differences for which deferred tax assets and liabilities are not recognized	( 5,889)	( 2,747)
Unrecognized deferred tax assets on tax losses	5,002	1,817
Income tax effect of permanent differences	( 126)	( 389)
Income Tax Expense	$ -	$ -

The Company had no deferred tax assets or liabilities arising from temporary differences for the years ended December 31, 2025 and 2024.
Details of unused tax losses for which deferred tax assets have not been recognized, including expiry dates and amounts, are as follows:

December 31, 2025

Year Incurred	Filed / Assessed Amount	Remaining Unused Unrecognized Deferred		Last Year for Offset
		Amount	Tax Asset Amount
2016	54,364	54,364	54,364	2026
2017	63,620	63,620	63,620	2027
2018	28,546	28,546	28,546	2028
2019	41,317	41,317	41,317	2029
2021	56,665	56,665	56,665	2031
2022	28,394	28,394	28,394	2032
2024	9,083	9,083	9,083	2034
2025	25,012	25,012	25,012	2035
	$ 307,001	$ 307,001	$ 307,001

December 31, 2024

Year Incurred	Filed / Assessed Amount	Remaining Unused Unrecognized Deferred		Last Year for Offset
		Amount	Tax Asset Amount
2015	$ 62,802	$ 39,633	$ 39,633	2025
2016	54,364	54,364	54,364	2026
2017	63,620	63,620	63,620	2027
2018	28,546	28,546	28,546	2028
2019	41,317	41,317	41,317	2029
2021	56,665	56,665	56,665	2031
2022	28,394	28,394	28,394	2032
2024	9,083	9,083	9,083	2034
	$ 344,791	$ 321,622	$ 321,622

Deductible temporary differences for which deferred tax assets have not been recognized:

December 31, 2025

December 31, 2024

Deductible temporary differences

$ 983,944

$ 972,413

The above deductible temporary differences represent temporary differences between the carrying amount and the tax base of the long-term equity investments in mainland China subsidiaries. As the Company has assessed that it will not dispose of these subsidiaries in the foreseeable future, deferred tax assets have not been recognized.

The Company's profit-seeking enterprise income tax has been assessed by the tax authorities through the year ended December 31, 2023.

(XXII) Earnings Per Share

	2025
	After-tax Amount	Weighted Average Shares Outstanding (thousand shares)	Earnings Per Share (NT$)
Basic earnings per share (same as diluted earnings per share)
Net income for the period attributable to ordinary shareholders of the parent	$ 5,065	150,415	$ 0.03
	2024
	After-tax Amount	Weighted Average Shares Outstanding (thousand shares)	Earnings Per Share (NT$)
Basic earnings per share (same as diluted earnings per share)
Net income for the period attributable to ordinary shareholders of the parent	$ 6,594	150,415	$ 0.04

As the Company has accumulated losses and no employee compensation has been estimated, there is no material impact on the Company's financial statements for the years ended December 31, 2025 and 2024, nor any material impact on earnings per share.

(XXIII) Changes in Liabilities from Financing Activities

For changes in liabilities from financing activities for the years ended December 31, 2025 and 2024, please refer to the effects of lease principal repayments in the annual statement of cash flows.

VII. Related Party Transactions

(I) Names and Relationships of Related Parties

Related Party Name	Relationship with the Company
SUNTECH TRADING LTD.(SUNTECH)	Subsidiary of the Company
AMPLE CROWN INTERNATIONAL LTD. (AMPLE CROWN)	Subsidiary of the Company
DONG GUAN SHUN CHENG TRADE CO., LTD.	Subsidiary of the Company
Cheng Chieh	Chairman of the Company
Deer Computer Co., Ltd.	Other related party of the Company
METAGONE BIOTECH INC.	Other related party

(II) Significant Transactions with Related Parties

Purchases

	2025	2024
Merchandise purchases:
— Subsidiaries
SUNTECH	$ 39,871	$ 39,912
SUPERCASE INTERNATIONAL	20,204	25,366
	$ 60,075	$ 65,278

Purchases between the Company and its subsidiaries are priced by mutual agreement, with payment terms of net 30 days.

Prepayments

	December 31, 2025	December 31, 2024
Prepayments:
— Subsidiaries
SUNTECH	$ 10,477	$ 5,511
SUPERCASE INTERNATIONAL	6,550	3,552
	$ 17,027	$ 9,063

~41~

3. Procurement on Behalf

	2025		2024
	Not Receivable at Procurement Amount	Period End (Note)	Not Receivable at Procurement Amount	Period End (Note)
Procurement on behalf:
Subsidiaries	$ -	$ -	$ 763	$ -

Note: Listed under other receivables.

4. Property Transactions

Disposal of financial assets:

	Balance Sheet Item Shares Traded	Subject of Transaction	Disposal Proceeds	Disposal Gain
METAGONE	Financial Assets at Fair Value Through 6,946 thousand	Ordinary shares	$ 32,536	$ 18,782
BIOTECH INC.	Profit or Loss — Shares Non-Current

5. Lease Transactions — Lessee

(1) The Company leases office space from DEER COMPUTER CO., LTD., with rent paid quarterly at the beginning of each quarter.

(2) Lease liabilities:

A. Balance at end of period:

	December 31, 2025	December 31, 2024
DEER COMPUTER CO., LTD.	$ 1,901	$ 3,511

B. Interest expense:

	2025	2024
DEER COMPUTER CO., LTD.	$ 73	$ 17

(3) Acquisition of right-of-use assets:

	2025	2024
DEER COMPUTER CO., LTD.	$ 3,279	$ 3,511

As of December 31, 2025 and 2024, the Company's Chairman has provided joint and several guarantees for the Company's short-term borrowing facilities.

(III) Key Management Personnel Compensation

	2025	2024
Salaries and other short-term employee benefits	$ 7,663	$ 7,583
Post-employment benefits	189	186
Total	$ 7,852	$ 7,769

VIII. Pledged Assets

Details of the Company's assets provided as collateral are as follows:

Asset Item	Carrying Amount
	December 31, 2025	December 31, 2024	Purpose of Collateral
Property, Plant and Equipment
Land	$ 14,986	$ 14,986	Short-term borrowings and revolving credit facility collateral
Buildings & Structures	20,240	19,765	Short-term borrowings and revolving credit facility collateral
Investment Properties
Land	6,701	6,701	Short-term borrowings and revolving credit facility collateral
Buildings & Structures	8,480	8,839	Short-term borrowings and revolving credit facility collateral
	$ 50,407	$ 50,291

IX. Significant Contingent Liabilities and Unrecognized Contractual Commitments

No such events.

X. Significant Disaster Losses

No such events.

XI. Significant Subsequent Events

On March 11, 2026, the Company's Board of Directors resolved to approve the loss appropriation proposal for the year ended December 31, 2025.

XII. Other

(I) Capital Risk Management

The Company's capital management objective is to safeguard the Group's ability to continue as a going concern, maintain an optimal capital structure to reduce the cost of capital, and provide returns to shareholders. The Company may adjust and maintain its capital structure by adjusting the amount of dividends paid to shareholders, issuing new shares, or selling assets to reduce debt.

(II) Financial Instruments

Categories of Financial Instruments

	December 31, 2025	December 31, 2024
Financial Assets
Financial assets at fair value through profit or loss	$ 14,710	$ 24,927
Financial Assets Measured at Amortized Cost	715,883	269,787
	$ 730,593	$ 294,714
Financial Liabilities
Financial liabilities measured at amortized cost	$ 11,401	$ 14,946
Lease liabilities	1,901	3,511
	$ 13,302	$ 18,457

Note: Financial assets measured at amortized cost include cash and cash equivalents, financial assets measured at amortized cost, accounts receivable, other receivables, and refundable deposits. Financial liabilities measured at amortized cost include accounts payable, other payables, and guarantee deposits received.

2. Risk Management Policies

(1) The Company adopts a comprehensive risk management and control system to clearly identify, measure, and control all types of risks (including market risk, credit risk, liquidity risk, and cash flow risk), enabling management to effectively control and measure these risks.

(2) In order to effectively control various market risk management objectives, the Company's management appropriately considers the impact of the economic environment, competitive conditions, and market value risks to achieve optimal risk positions, maintain appropriate liquidity positions, and centrally manage all market risks.

3. Nature and Extent of Significant Financial Risks

(1) Market Risk

Foreign Exchange Risk

A. The Company operates internationally and is therefore exposed to foreign exchange risks arising from various currencies, primarily the US Dollar and Chinese Renminbi. Related foreign exchange risks arise from future commercial transactions, recognized assets and liabilities, and net investments in foreign operations.

B. Management has established policies requiring each entity within the Group to manage foreign exchange risks relative to their functional currencies. Each entity within the Group shall hedge its overall foreign exchange risk exposure through the Group's treasury department. To manage foreign exchange risks arising from future commercial transactions and recognized assets and liabilities, each entity within the Group uses forward foreign exchange contracts through the Group's treasury department. Foreign exchange risk arises when future commercial transactions, recognized assets, or liabilities are denominated in a currency that is not the functional currency of the entity.

C. The Company's business involves certain non-functional currencies (the functional currency of the Company and certain subsidiaries is New Taiwan Dollars, while that of certain other subsidiaries is Chinese Renminbi), and is therefore subject to the effects of exchange rate fluctuations. Information on foreign currency assets and liabilities with significant exchange rate exposure is as follows:

~43~

	December 31, 2025
	Foreign Currency	Exchange Rate	Carrying Amount (NT$)	Sensitivity Analysis Change	Effect on Profit or Loss	Carrying Amount of Exchange Gain/Loss
(Foreign Currency: Functional Currency)	(NT$ thousands)
Financial Assets
Monetary items
USD : NTD	$ 1,781	31.429	$ 55,975	1%	$ 560	$ 1,195
EUR : NTD	6,404	36.8694	236,112	1%	2,361	9,798
Non-monetary items
Foreign operations
RMB : NTD	($ 95,938)	4.4965	($ 431,385)
	December 31, 2024
	Foreign Currency	Exchange Rate	Carrying Amount (NT$)	Sensitivity Analysis Change	Effect on Profit or Loss	Carrying Amount of Exchange Gain/Loss
(Foreign Currency: Functional Currency)	(NT$ thousands)
Financial Assets
Monetary items
USD : NTD	$ 1,189	32.788	$ 38,985	1%	$ 390	$ 520
EUR : NTD	617	34.1241	21,055	1%	211	85
Non-monetary items
Foreign operations
RMB : NTD	($ 98,980)	4.4788	($ 443,312)
Financial Liabilities
Monetary items
USD : NTD	$ 84	32.788	$ 2,754	1%	$ 28	($ 52)

Price Risk

A. As the Company's investments are classified as financial assets at fair value through profit or loss in the consolidated balance sheet, the Company is exposed to price risk on equity instruments. The Company has no exposure to commodity price risk. To manage price risk on equity instrument investments, the Company diversifies its investment portfolio in accordance with limits established by the Company.

B. The Company's investments are primarily in equity instruments issued by domestic companies, and the prices of these equity instruments are affected by uncertainties regarding the future value of the underlying investments. If the prices of these equity instruments were to increase or decrease by 1%, with all other factors remaining constant, the after-tax net income for the years ended December 31, 2025 and 2024 would increase or decrease by $118 and $199, respectively, due to gains or losses on equity instruments at fair value through profit or loss.

~45~

Cash Flow and Fair Value Interest Rate Risk

The Company's interest rate risk arises from short-term borrowings. Borrowings at floating rates expose the Company to cash flow interest rate risk, part of which is offset by cash and cash equivalents held at floating rates. Borrowings at fixed rates expose the Company to fair value interest rate risk.

(2) Credit Risk

A. The Company's credit risk is the risk of financial loss arising from a customer or counterparty to a financial instrument failing to meet its contractual obligations, primarily from the counterparty's inability to settle accounts receivable in accordance with the agreed payment terms.

B. In conducting routine sales transactions, the Company generally requires advance payment or cash payment from new customers and most existing customers. Where credit terms are required, in addition to considering the customer's past transaction history with the Company, the Company also conducts external credit checks or assesses current economic and financial conditions to reduce the credit risk of specific customers.

C. The Company considers that the credit risk of a financial asset has increased significantly since initial recognition when contractual payments are more than 90 days past due under the agreed payment terms. Default is considered to have occurred when contractual payments are more than 365 days past due under the agreed payment terms.

D. The Company's method for assessing expected credit losses on accounts receivable is to individually estimate expected credit losses for individually significant accounts receivable where default has occurred, while the remaining amounts are grouped by customer credit rating in accordance with the Company's credit standards. Different loss rate methods or provision matrices are applied to different groups to estimate expected credit losses, incorporating forward-looking considerations such as the National Development Council indicator inquiry system, and adjusting loss rates established based on historical and current information for specific periods. The allowance for credit losses on accounts receivable estimated based on individual assessment and provision matrix as of December 31, 2025 and 2024 is as follows:

	Individual Assessment	Not Past Due	Past Due 1–90 Days	Past Due 91–180 Days	Past Due 181–360 Days	Total
December 31, 2025
Expected loss rate	100.00%	0.05%	0.05%	0.05%	0.05%
Gross carrying amount	$ 262	$ 14,722	$ 3,913	$ -	$ -	$ 18,897
Allowance for credit losses	$ 262	$ 8	$ 2	$ -	$ -	$ 272
	Individual Assessment	Not Past Due	Past Due 1–90 Days	Past Due 91–180 Days	Past Due 181–360 Days	Total

December 31, 2024
Expected loss rate 100.00% 0.05% 0.05% 0.05% 0.05%
Gross carrying amount $ 274 $ 18,747 $ 1,339 $ - $ - $ 20,360
Allowance for credit losses $ 274 $ 9 $ 1 $ - $ - $ 284

E. The aging analysis of the Company's accounts receivable is as follows:

	December 31, 2025	December 31, 2024
Not Past Due	$ 14,722	$ 18,747
Within 90 Days	3,913	1,339
Over 360 Days	262	274
	$ 18,897	$ 20,360

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

F. The movement in the allowance for credit losses on accounts receivable under the simplified approach is as follows:

	2025		2024
	Accounts Receivable		Accounts Receivable
January 1	$	284	$	40
Impairment losses recognized		-		236
Effect of Exchange Rate Changes	(12)			8
December 31	$	272	$	284

The amounts recognized above represent impairment losses on accounts receivable arising from customer contracts.

(3) Liquidity Risk

A. Cash flow forecasting is performed by each operating entity within the Group and consolidated by the Group's treasury department. The Group's treasury department monitors forecasts of the Group's liquidity requirements to ensure that sufficient funds are available to meet operational needs and that sufficient unused borrowing commitments are maintained at all times so that the Group does not breach relevant borrowing limits or covenants.

B. Surplus cash held by operating entities in excess of that required for working capital management is transferred to the Group's treasury department. The Group's treasury department invests surplus funds in interest-bearing demand deposits, time deposits, money market deposits, and securities, selecting instruments with appropriate maturities or sufficient liquidity to meet the above forecasts and provide adequate liquidity buffers.

C. The Company's non-derivative financial liabilities are grouped by relevant dates, analyzed based on the remaining period from the balance sheet date to the contractual maturity date. The contractual cash flow amounts disclosed in the table below are undiscounted:

Non-derivative financial liabilities:

December 31, 2025	Within 1 Year	1 to 2 Years	Total
Lease liabilities	$ 1,920	$ -	$ 1,920
December 31, 2024	Within 1 Year	1 to 2 Years	Total
---	---	---	---
Lease liabilities	$ 1,800	$ 1,800	$ 3,600

Except as described above, all of the Company's non-derivative financial liabilities mature within one year.

D. The Company does not expect the timing of cash flows in the maturity analysis to occur significantly earlier, or for the actual amounts to differ significantly.

(III) Fair Value Information

The definitions of the levels of valuation techniques used to measure the fair value of financial and non-financial instruments are as follows:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. An active market is one in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. This includes the fair values of the Company's investments in listed stocks.

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Unobservable inputs for the asset or liability.

For financial instruments not measured at fair value, including cash and cash equivalents, accounts receivable, other receivables, accounts payable, and other payables, the carrying amounts are reasonable approximations of fair value. For fair value information on investment properties measured at cost, please refer to Note 6(9).
For financial instruments measured at fair value, the Company classifies them based on the nature, characteristics, and risks of assets and liabilities, and the level of fair value hierarchy. The relevant information is as follows:

December 31, 2025	Level 1	Level 2	Level 3	Total
Assets
Recurring fair value measurements
Financial assets at fair value through profit or loss — equity securities	$ 14,710	$ -	$ -	$ 14,710

December 31, 2024

Level 1

Level 2

Level 3

Total

Assets

Recurring fair value measurements

Financial assets at fair value through profit or loss — equity securities

$ 11,173

$ - $ 13,754

$ 24,927

The methods and assumptions used by the Company to measure fair value are described as follows:

(1) For fair value inputs using market quoted prices (i.e., Level 1), depending on the characteristics of the instruments, the market quoted price for listed, OTC, and emerging market company stocks is the closing price.

(2) For financial instruments other than those with active markets as described above, fair values are obtained using valuation techniques or by reference to counterparty quotes. Fair values obtained through valuation techniques may be derived by reference to the current fair value of other financial instruments that are substantially similar in terms and characteristics, discounted cash flow methods, or other valuation techniques, including models calculated using market information available at the consolidated balance sheet date (e.g., the OTC reference yield curve and Reuters commercial paper interest rate average quotes).

(3) The output of valuation models is an estimated approximation, and valuation techniques may not capture all relevant factors of the financial and non-financial instruments held by the Company. Accordingly, valuation model estimates are appropriately adjusted for additional parameters such as model risk or liquidity risk. Based on the Company's fair value valuation model management policies and related control procedures, management believes that the valuation adjustments are appropriate and necessary to fairly present the fair values of financial and non-financial instruments in the consolidated balance sheet. Price information and parameters used in the valuation process are carefully assessed and appropriately adjusted for current market conditions.

(4) The Company incorporates credit risk valuation adjustments into the fair value calculations of financial and non-financial instruments to reflect counterparty credit risk and the Company's own credit quality, respectively.

The Company's valuation process for fair values classified as Level 3 involves independent fair value verification of financial instruments by external appraisers and the accounting and finance department. This is accomplished by using data from independent sources to ensure that valuation results reflect market conditions, confirming that data sources are independent, reliable, consistent with other resources, and represent executable prices, and updating input values and data required for valuation models and any other necessary fair value adjustments to ensure that valuation results are reasonable.

Investment properties are periodically valued by the Company's accounting and finance department using valuation methods and parameter assumptions announced by the FSC, or by external appraisers.

The accounting and finance department also establishes policies for the fair value measurement of financial instruments, valuation procedures, and confirms compliance with the requirements of relevant IFRS Accounting Standards.

There were no transfers between Level 1 and Level 2 for the years ended December 31, 2025 and 2024.
The following table shows the movements in Level 3 for the years ended December 31, 2025 and 2024:

	2025		2024
	Equity instruments		Equity instruments
January 1	$	13,754	$	18,894
Gains (losses) recognized in profit or loss		18,782	(	5,140)
Disposals during the period	(	32,536)		-
December 31	$	-	$	13,754

There were no transfers into or out of Level 3 for the years ended December 31, 2025 and 2024.

Quantitative information on significant unobservable inputs used in valuation models for items measured at Level 3 fair value, and sensitivity analysis of changes in significant unobservable inputs, are described as follows (there are no Level 3 equity instruments as of December 31, 2025):

	December 31, 2024 Fair Value	Valuation Technique	Significant Unobservable Inputs	Range (Weighted Average)	Relationship Between Input and Fair Value
Non-derivative equity instruments:
Shares of unlisted/OTC companies	$ 13,754	Comparable listed/OTC company method	Price-to-book ratio multiple	3.76%	Higher multiple, higher fair value
			Discount for lack 30% of marketability		Higher discount for lack of marketability, lower fair value

The Company has carefully assessed and selected the valuation models and parameters adopted; however, using different valuation models or parameters may produce different valuation results. For financial assets and liabilities classified as Level 3, the impact on profit or loss or other comprehensive income from changes in valuation parameters is as follows (there are no Level 3 equity instruments as of December 31, 2025):

December 31, 2024
Recognized in profit or loss

	Period	Input	Change	Favorable Change	Unfavorable Change
Financial Assets
Equity instruments	December 31, 2024	Price-to-book ratio multiple and discount for lack of marketability	±1%	$ 154	($ 238)

XIII. Supplemental Disclosure Items

(I) Information on Significant Transactions

Loans to others: Please refer to Table 1.
Endorsements and guarantees provided for others: No such events.
Significant securities held at period end (excluding investments in subsidiaries, associates, and joint ventures): No such events.
Purchases from or sales to related parties exceeding NT$100 million or 20% of paid-in capital: No such events.
Receivables from related parties exceeding NT$100 million or 20% of paid-in capital: No such events.
Business relationships and significant transactions between parent and subsidiary companies: Transaction amounts for the year ended December 31, 2025 did not meet the Company's materiality threshold for disclosure.

(II) Information on Investee Companies

Names, locations, and other relevant information of investee companies (excluding mainland China investees): Please refer to Table 2.

(III) Mainland China Investment Information

Basic information: Please refer to Table 3.
Significant transactions with mainland China investees conducted directly or indirectly through third-region entities: No such events.

XIV. Operating Segment Information

Not applicable.

SOLYTECH ENTERPRISE CORPORATION AND SUBSIDIARIES

Loans to Others

For the Year Ended December 31, 2025

Unit: NT$ Thousands

(Unless otherwise stated)

Table 1

No.	Lending Company	Borrower	Transaction Item	Related Party	Maximum Balance During the Period		Balance at Period End	Actual Amount Interest Rate	Nature of Loan	Business Transaction Amount	Reason for Allowance Short-term for Financing	Doubtful Accounts	Collateral Name	Value	Lending Limit to Individual Counterparty	Total Lending Limit	Remarks
					Pre	Balance at Period End
1	COSMOS TREASURE HOLDINGS LIMITED	DONGGUAN SOLYTECH ENTERPRISE CORPORATION.	Other Receivables	Yes	$ 446,634	$ 422,720	$ 422,720	0.50%	Short-term financing	$ -	Working capital needs	$ -	-	$ -	$ 1,009,048	$ 1,009,048	Remarks
2	COSMOS TREASURE HOLDINGS LIMITED	DONG GUAN SHUN CHENG TRADE CO., LTD.	Other Receivables	Yes	$ 23,245	$ 22,000	$ 22,000	0.50%	Short-term financing	$ -	Working capital needs	$ -	-	-	$ 1,009,048	$ 1,009,048	Remarks
3	COSMOS TREASURE HOLDINGS LIMITED	AMPLE CROWN INTERNATIONAL RECEIVABLES	Other Receivables	Yes	$ 332	$ -	$ -	0.50%	Short-term financing	$ -	Working capital needs	$ -	-	-	$ 1,009,048	$ 1,009,048	Remarks
4	COSMOS TREASURE HOLDINGS LIMITED	DEER ELECTRONIS (DONG GUAN) CO., LTD.	Other Receivables	Yes	$ 136,413	$ 133,259	$ 133,259	0.20%	Short-term financing	$ -	Working capital needs	$ -	-	-	$ 403,619	$ 403,619	Remarks
5	COSMOS TREASURE HOLDINGS LIMITED	GIANT TREASURE RECEIVABLES	Other Receivables	Yes	$ 6,600	$ 6,600	$ 6,600	0.20%	Short-term financing	$ -	Working capital needs	$ -	-	-	$ 1,009,048	$ 1,009,048	Remarks
6	PREMIER ACTION TRADING LIMITED	DEER ELECTRONIS (DONG GUAN) CO., LTD.	Other Receivables	Yes	$ 137,214	$ -	$ -	0.20%	Short-term financing	$ -	Working capital needs	$ -	-	-	$ 97,760	$ 97,760	Remarks

Note: The lending limits for individual counterparties and total lending limits under the Company's "Procedures for Loans to Others" are as follows:
(1) For loans to companies or businesses with which the Company has business transactions, the total lending amount shall not exceed 100% of the Company's net worth; the individual lending amount shall not exceed the business transaction amount between the two parties.
(2) For loans to companies or businesses with a necessity for short-term financing, the total lending amount shall not exceed 40% of the Company's net worth; the individual lending amount shall not exceed 40% of the Company's net worth.
(3) For loans made for short-term financing purposes between foreign companies in which the Company directly and indirectly holds 100% of voting shares, the total lending amount shall not exceed 100% of the lending company's net worth, and the lending amount to any individual company shall not exceed 100% of the lending company's net worth. The financing period shall not exceed ten years.

SOLYTECH ENTERPRISE CORPORATION AND SUBSIDIARIES

Names, Locations, and Other Relevant Information of Investee Companies (Excluding Mainland China Investees)

For the Year Ended December 31, 2025

Unit: NT$ Thousands

(Unless otherwise stated)

Table 2

Investing Company Name	SOLYTECH ENTERPRISE CORPORATION	Investee Company Name	Location	Original Investment Amount		Shares Held at Period End			Investee Company's Profit (Loss) for the Period		Investment Gain (Loss) Recognized for the Period	Remarks
				Current Period End	Prior Year End	Number of Shares	Percentage	Carrying Amount	Period	for the Period
SOLYTECH ENTERPRISE CORPORATION	Feng Yin Investment Co., Ltd.	Taiwan	Investment company	14,500	14,500	1,450,000	100	17,045	(	285)	(	285)
AMPLE CROWN INTERNATIONAL LTD.	SUNTECH TRADING LIMITED	Samoa	Order Transfer Company	-	-	1	100	56	(	1,553)	(	1,553)
AMPLE CROWN INTERNATIONAL LTD.	COSMOS TREASURE HOLDING LTD.	British Virgin Islands	Holding company	1,530,667	2,043,841	47,220,000	100	1,009,048	(	8,203)	(	8,203)
AMPLE CROWN INTERNATIONAL LTD.	GIANT TREASURE LIMITED	Samoa	Holding company	-	-	1	100	(	521)	(	521)
AMPLE CROWN INTERNATIONAL LTD.	SURE VIVA LIMITED	Samoa	Holding company	-	-	1	100	(	431,373)		17,420
AMPLE CROWN INTERNATIONAL LTD.	LAND TYCOON LIMITED	Samoa	Holding company	2,134	2,134	70,001	100	(	31,899)	(	2,762)	(
COSMOS TREASURE HOLDING LTD.	PREMIER ACTION TRADING LTD.	British Virgin Islands	Holding company	935,959	1,425,391	27,720,000	100	244,401		7,892		7,892

Table 2 Page 1

SOLYTECH ENTERPRISE CORPORATION AND SUBSIDIARIES

Mainland China Investment Information — Basic Data

For the Year Ended December 31, 2025

Unit: NT$ Thousands

(Unless otherwise stated)

Table 3

Mainland China Investee Company Name	Principal Business Activities	Paid-in Capital	Investment Method (Note 1)	Cumulative Investment Amount Remitted from Taiwan at Beginning of Period	Investment Amount Remitted or Recovered During the Period	Cumulative Investment Amount Remitted from Taiwan at End of Period	Investee Company's Profit (Loss) for the Period	Percentage of Shares Held Directly or Indirectly by the Company	Investment Gain (Loss) Recognized for the Period (Note 2)	Carrying Amount of Investment at Period End	Cumulative Investment Income Remitted Back to Date	Remarks
DEER ELECTRONIS (DONG GUAN) CO., LTD.	Manufacturing and sale of power supply units, transformers, converters, and other computer electronic products	$ 921,498	2	$ 921,498	$ -	$ -	$ 921,498	$(1,204)	50	$(1,204)	$ 34,080	$ -
DONGGUAN SOLYTECH ENTERPRISE CORPORATION.	Manufacturing and sale of power supply units, transformers, converters, and other computer electronic products	487,150	2	487,150	-	-	487,150	17,420	100	17,420	(431,373)	-
DONG GUAN SHUN CHENG TRADE CO., LTD.	Trading of computer chassis	2,200	2	2,200	-	-	2,200	(2,762)	100	(2,762)	(31,899)	-
Company Name	Cumulative Investment Amount Remitted to Mainland China from Taiwan as of End of Current Period	Investment Amount Approved by Investment Commission, MOEA	Investment Limit for Mainland China as Stipulated by Investment Commission, MOEA	Remarks
SOLYTECH ENTERPRISE CORPORATION	$ 2,023,713	$ 2,023,713	$ 930,074	Note 4

Note 1: Investment methods are classified into the following three categories; indicate the applicable category:
(1) Direct investment in mainland China
(2) Re-investment in mainland China through third-region company AMPLE CROWN INTERNATIONAL LTD.
(3) Other methods
3.1 The mainland China investees that have been further invested in by the Company's mainland China investee companies are ShenZhen QianHai Shun Cheng Enterprise Corporation, Henan Shouxiang Electronics Co., Ltd., and Shenzhen Qianhai Chengxiang Technology Co., Ltd. Except where the mainland China investee is a holding company and further investments require prior approval from the Investment Commission, MOEA, other further investments do not require application to the Investment Commission.
Note 2: The investment gain (loss) recognized for the period is based on the financial statements of the mainland China investees for the same period as audited by a certified public accountant.
Note 3: All figures in this schedule shall be presented in New Taiwan Dollars. Amounts in foreign currencies shall be converted to New Taiwan Dollars at the exchange rate on the financial report date.
Note 4: The Company obtained an Operational Headquarters Recognition Letter issued by the Industrial Development Bureau in a prior year. Pursuant to the FSC's "Relaxation of Restrictions on Domestic Enterprises Raising Funds for Investment in Mainland China" program, the Company was not subject to investment limit restrictions for mainland China investments during the applicable period.

Table 3 Page 1

Detail Schedule 1 Page 1

SOLYTECH ENTERPRISE CORPORATION

Cash and Cash Equivalents

As of December 31, 2025

Schedule 1

Unit: NT$ Thousands

Item	Summary	Amount
Cash on hand and petty cash	NTD	$ 20
Demand deposits	NTD	60,923
USD	744 thousands	Exchange 31.429
EUR	- thousands	Exchange 36.8694
HKD	8 thousands	Exchange 4.0382
RMB	-thousands	Exchange 4.4965
$		84,351

Detail Schedule 2 Page 1

SOLYTECH ENTERPRISE CORPORATION

Accounts Receivable

As of December 31, 2025

Schedule 2

Unit: NT$ Thousands

Customer Name	Amount	Remarks
Customer O	$ 15,451
Customer U	1,668
Customer AC	1,504	No individual miscellaneous customer balance exceeds 5% of this account balance.
Other	274	-
	18,897
Less: Allowance for credit losses	( 272)
	$ 18,625

2025

SOLYTECH ENTERPRISE CORPORATION

Changes in Investments Accounted for Using the Equity Method

Schedule 3

Unit: NT$ Thousands

	Beginning Balance		Increases During the Period (Note 1)		Decreases During the Period (Note 2)		Ending Balance		Market Price or Net Asset Value Per Share
Investee Company Name	Number of Shares (thousand shares)	Amount	Number of Shares (thousand shares)	Amount	Number of Shares (thousand shares)	Amount	Number of Ownership Shares (thousand shares)	(%)	Amount	Unit Price (NT$)	Total Value	Valuation Basis_
AMPLE CROWN INTERNATIONAL LTD.	64,390	$ 1,073,562	-	$ 8,027	(15,000)	($ 469,711)	49,390	100%	$ 611,878	$ -	$ 611,878	Equity method None
Feng Yin Investment Co., Ltd.	1,450	19,079	-	-	-	(2,034)	1,450	100%	17,045	-	17,045	"
		$ 1,092,641		$ 8,027		($ 471,745)			$ 628,923

Note 1: Increases during the period represent the share of profit of subsidiaries recognized using the equity method.
Note 2: Decreases during the period include the share of investment losses recognized using the equity method, exchange differences on translation of foreign operations' financial statements, capital reduction refunds, and dividend distributions.

Detail Schedule 3 Page 1

SOLYTECH ENTERPRISE CORPORATION
Cost of Sales
2025

Schedule 4
Unit: NT$ Thousands

Item	Amount
Beginning raw materials	$	-
Add: Raw materials purchased during the period		-
Less: Transferred to expensesSalary expenses		-
Ending raw materials		-
Raw materials consumed during the period		-
Manufacturing overhead		250
Cost of finished goods produced during the period		250
Add: Beginning finished goods		3,929
Purchases during the period		40,208
Less: Transferred to expensesSalary expenses		-
Transferred to write-off loss	(	228)
Ending finished goods	(	4,474)
Cost of goods sold		39,685
Add: Beginning merchandise inventory		5,625
Purchases during the period		20,527
Less: Transferred to expensesSalary expenses	(	7)
Transferred to write-off loss	(	234)
Ending merchandise inventory	(	3,539)
Cost of merchandise sold		62,057
Loss on inventory write-off		462
Gain on inventory valuation reversal	(	1,090)
Cost of Sales	$	61,429

Detail Schedule 4 Page 1

Detail Schedule 5 Page 1

SOLYTECH ENTERPRISE CORPORATION

Operating Expenses

2025

Schedule 5					Unit: NT$ Thousands
Item	Selling Expenses	General and Administrative Expenses	R&D Expenses	Expected Credit Losses	Total	Remarks
Salary expenses	$ 7,339	$ 20,300	$ -	$ -	$ 27,639
Depreciation expense	1,016	2,815	-	-	3,831
Insurance expenses	1,077	2,461	-	-	3,538
Service fees	1,128	2,448	-	-	3,576
Director remuneration	-	2,640	-	-	2,640
Testing and certification fees	196	-	519	-	715
Other expenses						No individual miscellaneous item balance exceeds 5% of the account balance
	5,024	7,750	-	-	12,774
	$ 15,780	$ 38,414	$ 519	$ -	$ 54,713

SOLYTECH ENTERPRISE CORPORATION
Summary of Employee Benefits, Depreciation, Depletion, and Amortization by Function
2025 and 2024

Schedule 6
Unit: NT$ Thousands

	2025			2024
	Attributable to Cost of Sales	Attributable to Operating Expenses	Total	Attributable to Cost of Sales	Attributable to Operating Expenses	Total
Employee benefit expenses
Salary expenses (including severance pay)	$ -	$ 27,639	$ 27,639	$ -	$ 28,758	$ 28,758
Labor and health insurance expenses	-	2,743	2,743	-	2,568	2,568
Retirement benefit expenses	-	1,028	1,028	-	1,282	1,282
Director remuneration	-	2,640	2,640	-	2,640	2,640
Other personnel expenses	-	1,205	1,205	-	1,219	1,219
	$ -	$ 35,255	$ 35,255	$ -	$ 36,467	$ 36,467
Depreciation expense	$ 143	$ 3,831	$ 3,974	$ 198	$ 3,352	$ 3,550
Amortization expense	$ -	$ 75	$ 75	$ -	$ 140	$ 140

Notes:
1. The average monthly number of employees of the Company for the years ended December 31, 2025 and 2024 was 34 and 35, respectively, of which the number of directors who do not concurrently serve as employees was 5 and 5, respectively.
2. The average employee benefit expenses of the Company for the years ended December 31, 2025 and 2024 were $1,125 and $1,128, respectively.
3. The average employee salary expenses (including severance pay) of the Company for the years ended December 31, 2025 and 2024 were $953 and $959, respectively, representing a change in average employee salary expenses of (0.63%).
4. The Company has established an Audit Committee to replace the function of supervisors; therefore, no supervisor remuneration is applicable.
5. The Company's remuneration policies (including directors, managers, and employees):
(1) Directors and employees: If the Company records a profit for the year and there is a remaining balance after retaining the amount required to offset accumulated losses, between 5% and 10% shall be allocated as employee compensation and no more than 3% as director compensation, to be distributed by resolution of the Board of Directors and reported to the shareholders' meeting.
The recipients of employee compensation in the form of shares or cash, as referred to in the preceding paragraph, may include employees of controlling or subsidiary companies that meet certain specified conditions; relevant procedures shall be established by the Board of Directors under authorization.
(2) Managers: The Company may appoint one General Manager and a number of managers. Manager remuneration is determined based on their duties, contributions, the Company's operating performance for the year, and consideration of the Company's future risks, reviewed by the Remuneration Committee and submitted to the Board of Directors for resolution.

Detail Schedule 6 Page 1

AI assistant

SL — Audit Report / Information 2025

51828_rns_2026-06-08_92e6a65c-83a8-4533-ade5-bfc5004207bb.pdf

Audit Opinion

Basis for Audit Opinion

Key Audit Matters

Assessment of Allowance for Inventory Valuation Losses

Description

Audit Procedures Performed in Response

Assessment of Allowance for Credit Losses on Receivables (Including Other Receivables)

Description

Audit Procedures Performed in Response

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

Auditor's Responsibilities for the Audit of the Individual Financial Statements

SOLYTECH ENTERPRISE CORPORATION

SOLYTECH ENTERPRISE CORPORATION

IV. Summary of Significant Accounting Policies

(I) Statement of Compliance

(II) Basis of Preparation

(III) Foreign Currency Translation

(II) Financial assets at fair value through profit or loss

(III) Financial Assets Measured at Amortized Cost

(IV) Accounts Receivable

(V) Inventories

(VIII) Lease Transactions — Lessee

3. Procurement on Behalf

4. Property Transactions

5. Lease Transactions — Lessee

2. Risk Management Policies

3. Nature and Extent of Significant Financial Risks

(1) Market Risk

Foreign Exchange Risk

Price Risk

Cash Flow and Fair Value Interest Rate Risk

(2) Credit Risk

(III) Fair Value Information

XIII. Supplemental Disclosure Items

(I) Information on Significant Transactions

(II) Information on Investee Companies

(III) Mainland China Investment Information

XIV. Operating Segment Information

SOLYTECH ENTERPRISE CORPORATION AND SUBSIDIARIES

SOLYTECH ENTERPRISE CORPORATION AND SUBSIDIARIES

SOLYTECH ENTERPRISE CORPORATION

SOLYTECH ENTERPRISE CORPORATION

Accounts Receivable

SOLYTECH ENTERPRISE CORPORATION

Changes in Investments Accounted for Using the Equity Method

SOLYTECH ENTERPRISE CORPORATION

Operating Expenses

2025

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SL Audit Report / Information 2025