SYNCMOLD - Interim / Quarterly Report 2023

Syncmold Enterprise Corporation and Subsidiaries

Consolidated Financial Statements for the Six Months Ended June 30, 2023 and 2022 and Independent Auditors’ Review Report

INDEPENDENT AUDITORS’ REVIEW REPORT

The Board of Directors and Shareholders Syncmold Enterprise Corporation

Introduction

We have reviewed the accompanying consolidated balance sheets of Syncmold Enterprise Corporation and its subsidiaries (collectively, the “Group”) as of June 30, 2023 and 2022, and the related consolidated statements of comprehensive income for the three months ended June 30, 2023 and 2022 and for the six months ended June 30, 2023 and 2022, the consolidated statements of changes in equity and cash flows for the six months then ended, and the related notes to the consolidated financial statements, including a summary of significant accounting policies (collectively referred to as the “consolidated financial statements”). Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

Scope of Review

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

Basis for Qualified Conclusion

As disclosed in Note 11 to the consolidated financial statements, the financial statements of non-significant subsidiaries included in the consolidated financial statements referred to in the first paragraph were not reviewed. As of June 30, 2023 and 2022, the combined total assets of these non-significant subsidiaries were NT$2,903,317 thousand and NT$4,089,168 thousand, respectively, representing 25.55% and 33.11%, respectively, of the consolidated total assets, and the combined total liabilities of these subsidiaries were NT$1,222,265 thousand and NT$1,546,300 thousand, respectively, representing 21.21% and 23.12%, respectively, of the consolidated total liabilities; for the three months ended June 30, 2023 and 2022, the amounts of combined comprehensive income (loss) of these subsidiaries were NT$(171,015) thousand and NT$(216,962) thousand, respectively, representing (417.66%) and (294.23%), respectively, of the consolidated total comprehensive income; for the six months ended June 30, 2023 and 2022, the amounts of combined comprehensive income (loss) of these subsidiaries were NT$(177,499) thousand and NT$(224,697) thousand, respectively, representing (197.74%) and (65.69%), respectively, of the consolidated total comprehensive income. In addition, as disclosed in Note 12 to the consolidated

financial statements, as of June 30, 2023 and 2022, the amounts of investments accounted for using the equity method were NT$158,227 thousand and NT$148,367 thousand, respectively; for the three months ended June 30, 2023 and 2022, the shares of profit of associates amounted to NT$7,287 thousand and NT$2,033 thousand, respectively; for the six months ended June 30, 2023 and 2022, the shares of profit of associates amounted to NT$17,499 thousand and NT$7,544 thousand, respectively, which were calculated based on the financial statements that have not been reviewed. The disclosure of information related to the aforementioned non-significant subsidiaries and associates in Note 30 was based on these subsidiaries’ and associates’ unreviewed financial statements for the same reporting periods as those of the Group.

Qualified Conclusion

Based on our reviews, except for the adjustments, if any, as might have been determined to be necessary had the financial statements of the non-significant subsidiaries as described in the preceding paragraph and the financial statements for which investments were accounted for using the equity method been reviewed, nothing has come to our attention that caused us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Group as of June 30, 2023 and 2022, its consolidated financial performance for the three months ended June 30, 2023 and 2022, and its consolidated financial performance and its consolidated cash flows for the six months ended June 30, 2023 and 2022 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

The engagement partners on the reviews resulting in this independent auditors’ review report are Chih-Yuan Chen and Yao-Ling Huang.

Deloitte & Touche Taipei, Taiwan Republic of China

August 7, 2023

Notice to Readers

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

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

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Thousands of New Taiwan Dollars)

ASSETS CURRENT ASSETS Cash and cash equivalents (Note 6) Financial assets at fair value through profit or loss - current (Note 7) Financial assets at amortized cost - current (Notes 8 and 28) Notes receivable Trade receivables, net (Note 9) Inventories (Note 10) Other current assets Total current assets NON-CURRENT ASSETS Financial assets at fair value through profit or loss - non-current (Note 7) Financial assets at amortized cost - non-current (Notes 8 and 28) Investments accounted for using the equity method (Note 12) Property, plant and equipment (Notes 13, 27 and 28) Right-of-use assets (Notes 14 and 27) Intangible assets (Notes 15 and 27) Goodwill (Note 16) Deferred tax assets (Notes 4 and 23) Prepayments for equipment Refundable deposits Defined benefit assets (Notes 4 and 20) Other non-current assets Total non-current assets TOTAL LIABILITIES AND EQUITY CURRENT LIABILITIES Short-term borrowings (Notes 17 and 28) Financial liabilities at fair value through profit or loss - current (Note 7) Notes and trade payables Other payables (Notes 19 and 27) Current tax liabilities (Notes 4 and 23) Lease liabilities - current (Notes 14 and 27) Current portion of long-term borrowings (Notes 17 and 28) Other current liabilities Total current liabilities NON-CURRENT LIABILITIES Bonds payable (Note 18) Long-term borrowings (Notes 17 and 28) Deferred tax liabilities (Notes 4 and 23) Lease liabilities - non-current (Notes 14 and 27) Net defined benefit liabilities (Notes 4 and 20) Guarantee deposits received Other non-current liabilities Total non-current liabilities Total liabilities EQUITY ATTRIBUTABLE TO OWNERS OF THE CORPORATION Ordinary shares Capital surplus Retained earnings Legal reserve Special reserve Unappropriated earnings Total retained earnings Other equity Exchange differences on translation of the financial statements of foreign operations Unrealized gain (loss) on financial assets at fair value through other comprehensive income Total other equity Total equity attributable to owners of the Corporation NON-CONTROLLING INTERESTS Total equity TOTAL		June 30, 2023 Amount % $ 3,164,614 28 1,126,286 10 318,909 3 178,035 2 2,216,671 19 737,643 6 298,234 3 8,040,392 71 65,509 1 3,260 - 158,227 1 2,085,226 18 455,426 4 51,121 1 324,597 3 96,719 1 41,447 - 31,556 - 6,416 - 2,160 - 3,321,664 29 $ 11,362,056 100 $ 1,361,569 12 - - 1,571,914 14 894,967 8 77,364 1 137,262 1 16,461 - 11,094 - 4,070,631 36 1,184,838 10 169,573 2 182,275 2 131,676 1 6,409 - 883 - 17,029 - 1,692,683 15 5,763,314 51 1,237,258 11 2,361,889 21 1,064,029 9 518,796 5 721,394 6 2,304,219 20 (621,764) (6) 2,726 - (619,038) (6) 5,284,328 46 314,414 3 5,598,742 49 $ 11,362,056 100		December 31, 2022 Amount % $ 3,510,365 31 704,121 6 238,110 2 181,328 2 1,969,799 17 907,985 8 369,328 3 7,881,036 69 63,490 1 3,272 - 168,088 1 2,181,140 19 583,556 5 59,246 1 324,597 3 107,155 1 25,317 - 43,812 - 6,416 - 223 - 3,566,312 31 $ 11,447,348 100 $ 1,477,363 13 - - 1,466,764 13 553,842 5 81,428 1 158,482 1 16,476 - 33,212 - 3,787,567 33 1,178,724 10 177,771 2 158,517 2 238,775 2 6,998 - 933 - 16,734 - 1,778,452 16 5,566,019 49 1,237,242 11 2,361,070 21 1,026,386 9 687,191 6 753,104 6 2,466,681 21 (514,593) (5) (4,203) - (518,796) (5) 5,546,197 48 335,132 3 5,881,329 51 $ 11,447,348 100		June 30, 2022
						Amount % $ 2,796,371 23 323,422 3 288,433 2 287,506 2 3,389,474 27 1,067,549 9 470,876 4 8,623,631 70 57,138 1 2,262 - 148,367 1 2,220,430 18 710,834 6 56,843 - 324,597 3 110,719 1 51,064 - 41,554 - 2,898 - 719 - 3,727,425 30 $ 12,351,056 100 $ 1,010,000 8 5,658 - 2,215,664 18 1,217,224 10 97,387 1 191,558 2 26,509 - 15,113 - 4,779,113 39 1,172,435 9 185,965 1 193,429 2 330,085 3 10,106 - 1,226 - 15,078 - 1,908,324 15 6,687,437 54 1,237,242 10 2,361,070 19 1,026,386 8 687,191 6 558,514 4 2,272,091 18 (531,040) (4) (1,111) - (532,151) (4) 5,338,252 43 325,367 3 5,663,619 46 $ 12,351,056 100

The accompanying notes are an integral part of the consolidated financial statements.

(With Deloitte & Touche auditors’ review report dated August 7, 2023)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

OPERATING REVENUE OPERATING COSTS (Notes 10 and 22) GROSS PROFIT OPERATING EXPENSES (Notes 9, 22 and 27) Selling and marketing expenses General and administrative expenses Research and development expenses Expected credit loss Total operating expenses PROFIT FROM OPERATIONS NON-OPERATING INCOME AND EXPENSES Other income (Note 14) Other gains and losses Interest income Net foreign exchange gain (Note 29) Net gain (loss) on financial assets at fair value through profit or loss (Note 7) Share of profit of associates (Note 12) Interest expense (Note 27) Impairment loss on investments accounted for using the equity method (Note 12) Total non-operating income and expenses PROFIT BEFORE INCOME TAX FROM OPERATIONS INCOME TAX EXPENSE (Notes 4 and 23) NET PROFIT FOR THE PERIOD		For the Three Months Ended June 30	For the Three Months Ended June 30	For the Three Months Ended June 30		For the Six Months	For the Six Months	Ended June 30
		2023		2022		2023		2022
		Amount % $ 2,162,391 100 1,739,365 80 423,026 20 83,619 4 169,270 8 45,598 2 93 - 298,580 14 124,446 6 11,355 1 4,463 - 24,464 1 91,758 4 18,267 1 7,012 - (12,054) - - - 145,265 7 269,711 13 99,559 5 170,152 8		Amount % $ 2,803,440 100 2,309,989 83 493,451 17 89,983 3 202,533 7 48,594 2 967 - 342,077 12 151,374 5 18,046 1 (31,249) (1) 5,187 - 149,327 5 (14,497) - 11,929 - (12,436) - (19,835) (1) 106,472 4 257,846 9 105,183 4 152,663 5		Amount % $ 3,992,655 100 3,258,890 82 733,765 18 144,122 4 333,300 8 90,430 2 618 - 568,470 14 165,295 4 16,247 - (2,323) - 43,570 1 57,065 2 44,870 1 9,920 - (26,948) - - - 142,401 4 307,696 8 110,943 3 196,753 5		Amount % $ 5,568,500 100 4,708,154 84 860,346 16 173,319 3 387,622 7 95,560 2 975 - 657,476 12 202,870 4 23,393 - (33,699) (1) 9,140 - 157,244 3 (13,332) - 20,026 - (24,442) - (19,835) - 118,495 2 321,365 6 140,355 3 181,010 3 (Continued)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

For the Three Months Ended June 30	For the Three Months Ended June 30	For the Six Months	Ended June 30
2023	2022	2023	2022
Amount % $ 275 - (134,169) (6) (133,894) (6) $ 36,258 2 $ 170,579 8 (427) - $ 170,152 8 $ 45,639 2 (9,381) - $ 36,258 2 $ 1.38 $ 1.21	Amount % $ (9,896) - (69,027) (3) (78,923) (3) $ 73,740 3 $ 150,917 5 1,746 - $ 152,663 5 $ 77,341 3 (3,601) - $ 73,740 3 $ 1.22 $ 1.09	Amount % $ 7,579 - (114,568) (3) (106,989) (3) $ 89,764 2 $ 208,060 5 (11,307) - $ 196,753 5 $ 108,468 3 (18,704) (1) $ 89,764 2 $ 1.68 $ 1.49	Amount % $ (12,482) - 173,528 3 161,046 3 $ 342,056 6 $ 181,838 3 (828) - $ 181,010 3 $ 336,877 6 5,179 - $ 342,056 6 $ 1.47 $ 1.32

$	$	$	$
$	$	$	$
$	$	$	$
$	$	$	$
$	$	$	$

The accompanying notes are an integral part of the consolidated financial statements.

(With Deloitte & Touche auditors’ review report dated August 7, 2023)

(Concluded)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In Thousands of New Taiwan Dollars)

	Equity Attributable to Owners of the	Corporation (Notes 18 and 21)	Corporation (Notes 18 and 21)
Ordinary Shares Capital Surplus $ 1,237,242 $ 2,769,331 - - - - - - - - - (408,290) - 29 - - - - - - $ 1,237,242 $ 2,361,070 $ 1,237,242 $ 2,361,070 - - - - - - - - - 15 - - - - - - - 721 16 83 - - $ 1,237,258 $ 2,361,889	Retained Earnings	Total $ 2,337,701 - - (247,448) (247,448) - - 181,838 - 181,838 $ 2,272,091 $ 2,466,681 - - (371,172) (371,172) - 208,060 - 208,060 - - 650 $ 2,304,219	Other Equity	Total Other Equity $ (687,190) - - - - - - - 155,039 155,039 $ (532,151 ) $ (518,796) - - - - - - (99,592) (99,592) - - (650) $ (619,038 )
			Exchange Differences on Translating the Financial Statements of Unrealized Gain (Loss) on Financial Assets at Fair Value Through Other Foreign Operations Comprehensive Income $ (698,561) $ 11,371 - - - - - - - - - - - - - - 167,521 (12,482) 167,521 (12,482) $ (531,040 ) $ (1,111 ) $ (514,593) $ (4,203) - - - - - - - - - - - - (107,171) 7,579 (107,171) 7,579 - - - - - (650) $ (621,764 ) $ 2,726
	Legal Reserve Special Reserve Unappropriated Earnings $ 1,001,175 $ 635,615 $ 700,911 25,211 - (25,211) - 51,576 (51,576) - - (247,448) 25,211 51,576 (324,235) - - - - - - - - 181,838 - - - - - 181,838 $ 1,026,386 $ 687,191 $ 558,514 $ 1,026,386 $ 687,191 $ 753,104 37,643 - (37,643) - (168,395) 168,395 - - (371,172) 37,643 (168,395) (240,420) - - - - - 208,060 - - - - - 208,060 - - - - - - - - 650 $ 1,064,029 $ 518,796 $ 721,394

The accompanying notes are an integral part of the consolidated financial statements.

(With Deloitte & Touche auditors’ review report dated August 7, 2023)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

CASH FLOWS FROM OPERATING ACTIVITIES Profit before income tax Adjustments for: Depreciation expense Amortization expense Expected credit loss Net (gain) loss on financial assets at fair value through profit or loss Interest expense Interest income Dividend income Share of profit of associates Loss on disposal of property, plant and equipment Loss on disposal of intangible assets (Reversal) of write - down of inventories Net unrealized gain on foreign currency exchange Impairment loss on investments accounted for using the equity method Gain on lease modification Changes in operating assets and liabilities Notes receivable Trade receivables Inventories Other current assets Other non-current assets Notes payable and trade payables Other payables Other current liabilities Net defined benefit assets and liabilities Other non-current liabilities Cash generated from operations Interest paid Income tax paid Net cash generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Purchase of financial assets at amortized cost Proceeds from redemption of financial assets at amortized cost Purchase of financial assets at fair value through profit or loss Proceeds from sale of financial assets at fair value through profit or loss Payments for property, plant and equipment Proceeds from disposal of property, plant and equipment		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 307,696 211,642 11,528 618 (44,870) 26,948 (43,570) (2,169) (9,920) 7,674 13 (5,578) (34,442) - (9,255) 471 (220,883) 162,754 68,046 (1,953) 78,001 (15,178) (31,007) (589) 539 456,516 (20,121) (82,496) 353,899 (238,416) 149,843 (1,253,571) 854,374 (31,449) 3,853	2022 $ 321,365 230,259 12,169 975 13,332 24,442 (9,140) (7,037) (20,026) 6,717 29 21,468 (29,445) 19,835 - 76,733 196,088 222,082 3,322 1,198 (102,400) 137,731 8,807 (1,570) 493 1,127,427 (18,265) (170,427) 938,735 (136,622) 197,799 (500,995) 328,592 (125,720) 12,301 (Continued)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

Decrease in refundable deposits Payments for intangible assets Increase in prepayments for equipment Interest received Dividends received Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES (Decrease) increase in short-term borrowings Proceeds from long-term borrowings Repayments of long-term borrowings Refunds of guarantee deposits received Repayment of the principal portion of lease liabilities Acquisition of additional interests in subsidiaries Net cash generated from (used in) financing activities EFFECTS OF EXCHANGE RATE CHANGES ON THE BALANCE OF CASH AND CASH EQUIVALENTS HELD IN FOREIGN CURRENCIES NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 11,569 (4,102) (38,568) 42,958 29,529 (473,980) (116,678) - (8,214) (50) (77,000) (1,293) (203,235) (22,435) (345,751) 3,510,365 $ 3,164,614	2022 $ 664 (15,609) (7,185) 9,140 18,437 (219,198) 113,833 10,000 (8,256) (222) (104,412) - 10,943 6,354 736,834 2,059,537 $ 2,796,371

The accompanying notes are an integral part of the consolidated financial statements.

(With Deloitte & Touche auditors’ review report dated August 7, 2023)

(Concluded)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

1. GENERAL INFORMATION

Syncmold Enterprise Corporation (the “Corporation”) was incorporated in the Republic of China (ROC) in July 1979 and is mainly engaged in the processing, manufacturing, trading, technology licensing and related import and export business of various metal molds, plastic molds and electronic parts.

The Corporation’s shares were approved for listing on the emerging stock board of the Taipei Exchange (TPEx) in December 2005 and after obtaining approval from the Financial Supervisory Commission, Executive Yuan in November 2006, the Corporation’s shares were listed on the over-the-counter (OTC) market on January 11, 2007. In November 2009, the Corporation obtained approval to transfer listing of its shares to the Taiwan Stock Exchange (TWSE) and they were officially listed and started trading its shares on December 17, 2009.

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

2. APPROVAL OF FINANCIAL STATEMENTS

The consolidated financial statements were approved by Corporation’s board of directors on August 7, 2023.

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

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

The initial application of the IFRSs endorsed and issued into effect by the FSC did not have material impact on the Group’s accounting policies.

b. The IFRSs in issue but not yet endorsed and issued into effect by the FSC

Effective Date New, Amended and Revised Standards and Interpretations Announced by IASB (Note 1) Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets To be determined by IASB between An Investor and Its Associate or Joint Venture” Amendments to IFRS 16 “Leases Liability in a Sale and Leaseback” January 1, 2024 (Note 2) IFRS 17 “Insurance Contracts” January 1, 2023 Amendments to IFRS 17 January 1, 2023 Amendments to IFRS 17 “Initial Application of IFRS 9 and IFRS 17 - January 1, 2023 Comparative Information” (Continued)

New, Amended and Revised Standards and Interpretations

Effective Date Announced by IASB (Note 1)

Amendments to IAS 1 “Classification of Liabilities as Current or January 1, 2024 Non-current” Amendments to IAS 1 “Non-current Liabilities with Covenants” January 1, 2024 Amendments to IAS 7 and IFRS 7 “Supplier Finance Arrangements” January 1, 2024 Amendments to IAS 12 “International Tax Reform - Pillar Two Model Note 3 Rules”

(Concluded)

Note 1: Unless stated otherwise, the above IFRSs will be effective for annual reporting periods beginning on or after their respective effective dates.
Note 2: A seller-lessee shall apply the Amendments to IFRS 16 retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 16.
Note 3: The requirement that the Group apply the exception and the requirement to disclose that fact are applied immediately upon issuance of the amendments and retrospectively in accordance with IAS 8. The remaining disclosure requirements apply for annual reporting periods beginning on or after January 1, 2023, but not for any interim period ending on or before December 31, 2023.

As of the date the consolidated financial statements were authorized for issue, the Group is continuously assessing the possible impact of the application of other standards and interpretations on the Group’s financial position and financial performance and will disclose the relevant impact when the assessment is completed.

4. SUMMARY OF MATERIAL ACCOUNTING POLICY INFORMATION

a. Statement of compliance

These interim consolidated financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and IAS 34 “Interim Financial Reporting” as endorsed and issued into effect by the FSC. Disclosure information included in these interim consolidated financial statements is less than the disclosure information required in a complete set of annual consolidated financial statements.

b. Basis of preparation

The consolidated financial statements have been prepared on the historical cost basis except for financial instruments which are measured at fair value and net defined benefit liabilities (assets) which are measured at the present value of the defined benefit obligation less the fair value of plan assets.

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

1) Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;
2) Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for an asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and
3) Level 3 inputs are unobservable inputs for the asset or liability.
10 -

c. Basis of consolidation

The consolidated financial statements incorporate the financial statements of the Corporation and the entities controlled by the Corporation (i.e., its subsidiaries).

When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the Corporation.

All intra-group transactions, balances, income and expenses are eliminated in full upon consolidation. Total comprehensive income of subsidiaries is attributed to the owners of the Corporation and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

See Note 11 and Tables 7 and 8 for the detailed information of subsidiaries (including the percentages of ownership and main businesses).

d. Other material accounting policies

Except for the following, refer to the consolidated financial statements for the year ended December 31, 2022.

1) Retirement benefits

Pension cost for an interim period is calculated on a year-to-date basis by using the actuarially determined pension cost rate at the end of the prior financial year, adjusted for significant market fluctuations since that time and for significant plan amendments, settlements, or other significant one-off events.

2) Income tax expense

Income tax expense represents the sum of the tax currently payable and deferred tax. Interim period income taxes are assessed on an annual basis and calculated by applying to an interim period’s pre-tax income the tax rate that would be applicable to expected total annual earnings.

5. MATERIAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

For the summary of critical accounting judgements and key sources of estimation uncertainty, refer to the consolidated financial statements for the year ended December 31, 2022.

6. CASH AND CASH EQUIVALENTS

			December 31,	December 31,
	June 30, 2023			2022	June 30, 2022
Cash on hand	$	2,234	$	2,225	$	2,113
Checking accounts and demand deposits		2,161,173		2,363,885		2,351,133
Cash equivalents (with original maturities within
3 months)
Time deposits		1,001,207		1,144,255		443,125
	$	3,164,614	$	3,510,365	$	2,796,371

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7. FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

			December	December	31,
	June 30, 2023			2022		June	30, 2022
Financial assets at fair value through profit or
loss (FVTPL)–current
Financial assets mandatorily classified as at
FVTPL
Non-derivative financial assets
Domestic listed shares	$	68,963		86,154		$	78,576
Mutual fund		150,948			-		-
Hybrid financial assets
Structured deposits (b)		906,375		617,967			244,846
	$ 1,126,286		$	704,121		$	323,422
Financial assets at FVTPL-non-current
Financial assets mandatorily classified as at
FVTPL
Non-derivative financial assets
Domestic emerging market shares	$	25,859	$	20,482		$	14,934
Overseas unlisted shares		22,912		28,725			33,751
Private funds		16,738		14,283			8,453
	$	65,509	$	63,490		$	57,138
Financial liabilities at fair value through profit or
loss (FVTPL)–current
Financial assets mandatorily classified as at
FVTPL
Derivative financial assets (not under hedge
accounting)
Foreign exchange forward contracts (a)	$	-	$		-	$	5,658

a. At the end of the reporting period, outstanding foreign exchange forward contracts not under hedge accounting were as follows:

June 30, 2022

			Notional Amount
	Currency	Maturity Date	(In Thousands)
Sell	US$/RMB	2022.07	US$1,000/RMB6,460
Sell	US$/RMB	2022.07	US$1,000/RMB6,470
Sell	US$/RMB	2022.08	US$1,000/RMB6,452
Sell	US$/RMB	2022.08	US$1,000/RMB6,413
Sell	US$/RMB	2022.08	US$1,000/RMB6,418

The Group entered into foreign exchange forward contracts to manage exposures due to exchange rate fluctuations of foreign currency denominated assets and liabilities.

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b. The Group successively entered into 1- to 6-month structured time deposit contracts with bank for the six months ended June 30, 2023 and 2022. The structured time deposit contract includes an embedded derivative instrument which is not closely related to the host contract. The entire contract is assessed and mandatorily classified as at FVTPL since it contained a host that is an asset within the scope of IFRS 9.

8. FINANCIAL ASSETS AT AMORTIZED COST

			December	December	31,
	June 30, 2023			2022		June 30, 2022
Current
Time deposits with original maturities of more
than 3 months	$	318,907	$	238,110		$	288,433
Time deposits pledged as collateral with original
maturities of more than 3 months		2			-		-
	$	318,909	$	238,110		$	288,433
Non-current
Time deposits with original maturities of more
than 1 year	$	3,260	$	3,272		$	2,262

See Note 28 for detailed information on financial assets at amortized cost pledged as collateral.

9. TRADE RECEIVABLES, NET

		December 31,
	June 30, 2023	2022	June 30, 2022
At amortized cost
Gross carrying amount	$ 2,224,051	$ 1,976,706	$ 3,395,627
Less: Allowance for impairment loss	(7,380)	(6,907)	(6,153)
	$ 2,216,671	$ 1,969,799	$ 3,389,474

The average credit period of sales of goods is 90-160 days. No interest was charged on trade receivables. The Group uses other publicly available financial information or its own trading records to rate its major customers. The Group’s exposure and the credit ratings of its counterparties are continuously monitored and the aggregate value of transactions concluded is spread amongst approved counterparties. Credit exposure is controlled by counterparty limits that are reviewed and approved by the management annually.

The Group applies the simplified approach to providing for expected credit losses prescribed by IFRS 9, which permits the use of lifetime expected loss provision for all trade receivables. The expected credit losses on trade receivables are estimated using a provision matrix by reference to past default records of the debtor and an analysis of the debtor’s current financial position, adjusted for general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of economic conditions at the reporting date. As the Group’s historical credit loss experience does not show significantly different loss patterns for different customer segments, the provision for loss allowance based on past due status is not further distinguished according to the Group’s different customer base.

13 -

The Group writes off a trade receivable when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery. For trade receivables that have been written off, the Group continues to engage in enforcement activity to attempt to recover the receivables due. Where recoveries are made, these are recognized in profit or loss.

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

June 30, 2023

Not Past Due Expected credit loss rate - Gross carrying amount $ 2,167,505 Loss allowance (Lifetime ECLs) - Amortized cost $ 2,167,505 December 31, 2022 Not Past Due Expected credit loss rate - Gross carrying amount $ 1,922,267 Loss allowance (Lifetime ECLs) - Amortized cost $ 1,922,267 June 30, 2022 Not Past Due Expected credit loss rate - Gross carrying amount $ 3,263,972 Loss allowance (Lifetime ECLs) - Amortized cost $ 3,263,972	Less than 30 Days 31 to 90 Days 1.55% 2.13% $ 36,157 $ 10,082 (559) (215) $ 35,598 $ 9,867 Less than 30 Days 31 to 90 Days 2.67% 13.42% $ 26,189 $ 23,856 (700) (3,201) $ 25,489 $ 20,655 Less than 30 Days 31 to 90 Days 0.71% 3.14% $ 93,236 $ 30,318 (663) (953) $ 92,573 $ 29,365	91 to 180 Days 31.89% $ 4,791 (1,528) $ 3,263 91 to 180 Days 38.52% $ 2,258 (870) $ 1,388 91 to 180 Days 20.44% $ 4,442 (908) $ 3,534	Over 180 Days 92.06% $ 5,516 (5,078) $ 438 Over 180 Days 100% $ 2,136 (2,136) $ - Over 180 Days 99.18% $ 3,659 (3,629) $ 30	Total $ 2,224,051 (7,380) $ 2,216,671 Total $ 1,976,706 (6,907) $ 1,969,799 Total $ 3,395,627 (6,153) $ 3,389,474

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

Balance at January 1 Add: Net remeasurement of loss allowance Foreign exchange gains and losses Balance at June 30		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 6,907 618 (145) $ 7,380	2022 $ 5,071 975 107 $ 6,153

14 -

10. INVENTORIES

			December 31,	December 31,
	June	30, 2023		2022	June 30, 2022
Finished goods	$	355,097	$	374,665	$	413,945
Work in progress		149,112		210,740		279,955
Raw materials		233,434		322,580		373,649
	$	737,643	$	907,985	$ 1,067,549

The cost of goods sold for the three months ended June 30, 2023 and for the six months ended June 30, 2023 included reversals of inventory of $5,793 thousand and $5,578 thousand, respectively. The cost of goods sold for the three months ended June 30, 2022 and for the six months ended June 30, 2022, included reversals of inventory of $6,557 thousand and inventory write-downs of $21,468 thousand, respectively. The reversals of inventory write-downs resulted from selling of slow-moving inventories.

11. SUBSIDIARIES

Subsidiaries included in the consolidated financial statements:

Investor
Investee
Nature of Activities
Syncmold Enterprise
Corp.
Grand Advance Inc.
The trading, imports, exports and investments of
electronic parts.
Syncmold Enterprise
(Samoa) Corp.
The trading and commercial related practices of
all metal molds and plastic molds as well as
the reinvestment of subsidiaries in mainland
China.
Syncmold Enterprise
(USA) Corp.
The trading, imports and exports of electronic
parts.
Leohab Enterprise Co.,
Ltd.
Precision hardware components manufacturing.
Gatetech Technology Inc.
Precision molding and magnesium alloy die
caster manufacturing and transaction
business.
Syncmold Enterprise
Vietnam Co., Ltd.
Electronic parts processing manufacturing,
trading and related import and export
business.
Syncmold Enterprise
(Malaysia) Sdn. Bhd.
The trading, imports and exports of electronic
parts.
Syncmold Enterprise
(Singapore) Pte. Ltd.
The trading, imports and exports of electronic
parts.
Syncmold Enterprise
(Thailand) Co., Ltd.
Electronic parts processing manufacturing,
trading and related import and export
business.
Grand Advance Inc.
Canford International
Limited
Import and export trade and investment
business.
Fullking Development
Limited
Import and export trade and investment
business.
Full Glary Holding
Limited
Import and export trade and investment
business.
Syncmold Enterprise
(Samoa) Corp.
Full Big Limited
Reinvesting subsidiaries of mainland China and
international business.
Forever Business
Development Limited
Reinvesting subsidiaries of mainland China and
international business.
Full Celebration Limited
Reinvesting subsidiaries of mainland China and
international business.
Fuzhou Fulfil Tech Co.,
Ltd.
Electronic parts processing and manufacturing,
trading and related import and export
business.
Fujian Khuan Hua Precise
Mold Co., Ltd.
Processing, manufacturing, trading and related
import and export business of various metal
molds, plastic molds and plastic injection
molds.
Fuqing Fuqun Electronic
Hardware Tech Co.,
Ltd.
Electronic parts processing and manufacturing,
trading and related import and export
business.

Proportion of Ownership (%)
June 30, 2023
December 31,
2022
June 30, 2022
Note
100.00
100.00
100.00
Note 1
100.00
100.00
100.00
Note 1
100.00
100.00
100.00
Note 2
70.00
70.00
70.00
Note 2
74.05
73.82
73.82
Notes 1
and 6
100.00
100.00
100.00
Note 5
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
-
-
100.00
Note 4
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 1
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2

(Continued)

15 -

Investor
Investee
Nature of Activities
Gatetech
Technology Inc.
Gatech Holding Ltd.
General investment business.
Leohab Enterprise
Co., Ltd.
Sweet International Group
Ltd.
General investment business.
Commuwell Enterprise
(Thailand) Co., Ltd.
Plastic shot and hardware components
manufacturing.
Forever Business
Development
Limited
Dongguan Khuan Huang
Precise Mold Plastic
Co., Ltd.
Processing, manufacturing, trading and related
import and export business of various metal
molds, plastic molds and plastic injection
molds.
Canford
International
Limited
Suzhou Fulfil Electronics
Co., Ltd.
Electronic parts processing and manufacturing,
trading and related import and export
business.
Fullking
Development
Limited
Zhongshan Fulfil Tech.
Co., Ltd.
Electronic parts processing and manufacturing,
trading and related import and export
business.
Full Glary Holding
Limited
Kunshan Fulfil Tech Co.,
Ltd.
Manufacturing and assembling of laptop
components such as precision bearing,
hardware and related accessories.
Full Celebration
Limited
Chongqing Fulfil Tech
Co., Ltd.
The processing, manufacturing, related imports
and exports of all electronic, plastic and
electronic parts.
Gatech Holding Ltd.
Gatech International Ltd.
General investment business.
Gatech International
Ltd.
Gatetech (Suzhou)
Technology Co., Ltd.
Aluminum and magnesium alloy manufacturing
and trading.
Sweet International
Group Ltd.
Lucky King Holdings Ltd.
General investment business.
Lucky King
Holdings Ltd.
Suzhou Leoho Electronics
Co., Ltd.
Precision hardware components manufacturing.

Proportion of Ownership (%)
June 30, 2023
December 31,
2022
June 30, 2022
Note
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Notes 2
and 3
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 1
100.00
100.00
100.00
Note 1
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2

(Concluded)

Note 1: Its financial statements for the six months ended June 30, 2023 and 2022 have been reviewed.
Note 2: As the subsidiary is not a major subsidiary, its financial statements for the six months ended June 30, 2023 and 2022 have not been reviewed.
Note 3: For organizational restructuring purposes, the Corporation’s board of directors resolved to transfer 100% equity of Commuwell Enterprise (Thailand) Co., Ltd. held by Lucky King Holdings Ltd. to Leohab Enterprise Co., Ltd. for direct investment. The capital transfer was completed in May 2022.
Note 4: For organizational restructuring purposes, in July 2022, the board of directors resolved to dissolve Full Big Limited, and the liquidation procedures for Full Big Limited was completed in October 2022. Since the subsidiary is not a major subsidiary, its financial statements for the three months ended June 30, 2023 have not been reviewed.
Note 5: Since the subsidiary is a major subsidiary, its financial statements for the six months ended June 30, 2023 have been reviewed. Its financial statements for the six months ended June 30, 2023 have not been reviewed.
Note 6: On March 27, 2023, the Corporation acquired additional 0.23% ownership in Gatetech Technology Inc. for a cash consideration of $1,293 thousand. The proportion of the Group’s ownership was 74.05% as of June 30, 2023. Refer to Note 25 for detailed information on the acquisition of non-controlling interests during 2023.
16 -

12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

		December 31,
	June 30, 2023	2022	June 30, 2022
Associates that are not individually material
Unlisted company
High Grade Tech Co., Ltd.	$ 146,509	$ 153,143	$ 135,720
Corebio Technologies Co., Ltd. (Note)	-	-	-
Smart Automation Technology Inc.	11,718	14,945	12,647
	$ 158,227	$ 168,088	$ 148,367

Note: Considering that the Group’s interest in Corebio Technologies Co., Ltd. on December 31, 2022 was lower than the market value, the management of the Corporation conducted an impairment test on the investment on December 31, 2022, and evaluated whether the carrying amount is less than the recoverable amount. After evaluation, the carrying amount of the investment in Corebio Technologies Co., Ltd. was higher than the recoverable amount, and an impairment loss of $19,835 thousand was recognized in 2022.

Investments were accounted for using the equity method and the share of profit or loss for the six months ended June 30, 2023 and 2022 was calculated based on financial statements which have not been reviewed.

13. PROPERTY, PLANT AND EQUIPMENT

Cost Balance at January 1, 2023 Additions Disposals Transfer from prepayments for equipment Reclassifications Effect of foreign currency exchange differences Balance at June 30, 2023 Accumulated depreciation and impairment Balance at January 1, 2023 Depreciation expense Disposals Reclassifications Effect of foreign currency exchange differences Balance at June 30, 2023 Carrying amount at June 30, 2023 Cost Balance at January 1, 2022 Additions Disposals Transfer from prepayments for equipment Reclassifications Effect of foreign currency exchange differences Balance at June 30, 2022	Freehold Land $ 770,826 - - - - (62) $ 770,764 $ - - - - - $ - $ 770,764 $ 770,538 - - - - 54 $ 770,592	Buildings $ 1,267,421 4,801 (3,444 ) 4,701 - (9,525) $ 1,263,964 $ 568,575 41,065 (3,294 ) - (10,378) $ 595,968 $ 667,986 $ 924,441 5,689 (5,508 ) 495 (1,149 ) 11,752 $ 935,720	Equipment Transportation Equipment $ 1,558,758 $ 54,595 14,583 485 (34,492 ) - 16,453 - (1,267 ) - (29,701) (456) $ 1,524,334 $ 56,624 $ 1,012,084 $ 29,490 56,564 2,419 (23,874 ) - (498) - (19,607) (522) $ 1,024,669 $ 31,387 $ 499,665 $ 23,237 $ 1,581,096 $ 41,549 53,507 521 (76,617 ) (2,190 ) 48,421 - (496 ) - 28,684 723 $ 1,634,595 $ 40,603	Office Equipment $ 63,176 778 (4,055 ) - (27 ) (911) $ 58,961 $ 39,192 4,882 (3,816 ) (17) (650) $ 39,591 $ 19,370 $ 63,002 4,898 (2,773 ) - (406 ) 981 $ 65,702	Other Equipment P $ 254,785 10,802 (7,270 ) 40 (1,471 ) (3,426) $ 253,460 $ 139,080 20,023 (6,750 ) (532) (2,565) $ 149,256 $ 104,204 $ 212,698 11,299 (13,432 ) 253 83 3,447 $ 214,348	roperty Under Construction Total $ - $ 3,969,561 - 31,449 - (49,261 ) - 21,194 - (2,765 ) - (44,081) $ - $ 3,926,097 $ - $ 1,788,421 - 124,953 - (37,734 ) - (1,047) - (33,722) $ - $ 1,840,871 $ $ 2,085,226 $ 268,260 $ 3,861,584 49,806 125,720 - (100,520 ) - 49,169 - (1,968 ) 14,217 59,858 $ 332,283 $ 3,993,843 (Continued)

17 -

Accumulated depreciation and impairment Balance at January 1, 2022 Disposals Depreciation expense Reclassifications Effect of foreign currency exchange differences Balance at June 30, 2022 Carrying amount at June 30, 2022	Freehold Land $ - - - - - $ - $ 770,592	Buildings $ 483,380 (5,508 ) 36,723 (119 ) 7,518 $ 521,994 $ 413,726	Equipment Transportation Equipment $ 1,045,195 $ 28,462 (63,322 ) (1,709 ) 55,813 1,944 (300 ) - 16,570 544 $ 1,053,956 $ 29,241 $ 580,639 $ 11,362	Office Equipment $ 36,460 (2,582 ) 4,544 (365 ) 568 $ 38,625 $ 27,077	Other Equipment P $ 118,878 (8,381 ) 17,398 - 1,702 $ 129,597 $ 84,751	roperty Under Construction Total $ - $ 1,712,375 - (81,502 ) - 116,422 - (784 ) - 26,902 $ - $ 1,773,413 $ 332,283 $ 2,220,430 (Concluded)

The above items of property, plant and equipment used by the Group are depreciated on a straight-line basis over their estimated useful lives as follows:

Building
Main building	5-60 years
Electromechanical power equipment	4-5 years
Equipment	1-23 years
Transportation equipment	5-10 years
Office equipment	3-10 years
Other equipment	1-20 years

See Note 28 for detailed information on property, plant and equipment pledged as collateral.

14. LEASE ARRANGEMENTS

a. Right-of-use assets

		December 31,
	June 30, 2023	2022	June 30, 2022
Carrying amount
Lands	$ 179,773	$ 181,133	$ 181,198
Buildings	274,650	400,982	523,013
Transportation equipment	1,003	1,441	1,507
Machinery equipment	-	-	5,116
	$ 455,426	$ 583,556	$ 710,834

18 -

Additions to right-of-use assets Depreciation charge for right-of-use assets Lands Buildings Transportation equipment Machinery equipment Income from the subleasing of right-of-use assets (presented in other income)	For the Three Months Ended June 30 2023 2022 $ - $ 6,779 $ 1,232 $ 1,216 40,066 54,869 217 292 - 108 $ 41,515 $ 56,485 $ - $ (151)	For the Three Months Ended June 30 2023 2022 $ - $ 6,779 $ 1,232 $ 1,216 40,066 54,869 217 292 - 108 $ 41,515 $ 56,485 $ - $ (151)		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ - $ 1,232 40,066 217 - $ 41,515 $ -		2023 $ 2,689 $ 2,455 83,795 439 - $ 86,689 $ (1,613)	2022 $ 63,859 $ 2,420 110,730 579 108 $ 113,837 $ (295)

Except for the additions, recognized depreciation, and subleasing the Group did not have any significant impairment of right-of-use assets during the six months ended June 30, 2023 and 2022.

b. Lease liabilities

		December 31,
	June 30, 2023	2022	June 30, 2022
Carrying amount
Current	$ 137,262	$ 158,482	$ 191,558
Non-current	$ 131,676	$ 238,775	$ 330,085
Range of discount rate for lease liabilities was as follows:

		December 31,
	June 30, 2023	2022	June 30, 2022
Buildings	0.81%-4.90%	0.81%-4.90%	0.81%-4.90%
Transportation equipment	0.94%-1.69%	0.94%-4.55%	0.94%-4.55%
Machinery equipment	-	4.75%	4.75%

c. Subleases

The Group subleases its right-of-use assets for buildings under operating leases with lease terms of 1-2 year and with the priority to extend the lease. The lease contracts contain market review clauses in the event that the lessees exercise their options to extend.

19 -

The maturity analysis of lease payments receivable under operating subleases was as follows:

					December 31,	December 31,
		June	30,	2023		2022	June	30, 2022
Year	1	$		-	$	6,368	$	250
Year	2			-		4,245		-
		$		-	$	10,613	$	250

d. Other lease information

Expenses relating to short-term leases Total cash outflow for leases	For the Three Months Ended June 30 2023 2022 $ 3,313 $ 3,855	For the Three Months Ended June 30 2023 2022 $ 3,313 $ 3,855		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 3,313		2023 $ 6,353 $ (89,134)	2022 $ 9,314 $ (126,602)

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

15. INTANGIBLE ASSETS

			December 31,	December 31,
	June	30, 2023		2022	June	30, 2022
Trademarks	$	29	$	33	$	42
Computer software		50,434		58,503		56,048
Patents		658		710		753
	$	51,121	$	59,246	$	56,843

Except for the recognized amortization, the Group did not have any significant additions, disposals or impairment of intangible assets during the six months ended June 30, 2023 and 2022. The above items of intangible assets are amortized on a straight-line basis over their estimated useful lives as follows:

Trademarks	7-10 years
Computer software	1-5 years
Patents	1-19 years

20 -

16. GOODWILL

			December 31,	December 31,
	June 30, 2023			2022	June 30, 2022
Cost
Balance at January 1	$	366,777	$	366,777	$	366,777
Balance at end of period	$	366,777	$	366,777	$	366,777
Accumulated impairment losses
Balance at January 1	$	42,180	$	42,180	$	42,180
Balance at end of period	$	42,180	$	42,180	$	42,180
Carrying amount at end of period	$	324,597	$	324,597	$	324,597
BORROWINGS
a. Short-term borrowings
			December 31,
	June 30, 2023			2022	June 30, 2022
Secured borrowings (Note 28)
Mortgage loans	$	293,545	$	387,682	$	400,000
Unsecured borrowings
Line of credit borrowings		1,068,024		1,089,681		610,000
	$	1,361,569	$	1,477,363	$ 1,010,000

17. BORROWINGS

The range of interest rate on bank loans was 1.76%-5.59%, 1.49%-5% and 0.856%-1.525% on June 30, 2023, December 31, 2022 and June 30, 2022, respectively.

b. Long-term borrowings

		December 31,
	June 30, 2023	2022	June 30, 2022
Secured borrowings (Note 27)
Mortgage loans	$ 186,034	$ 194,247	$ 212,474
Less: Current portion	(16,461)	(16,476)	(26,509)
	$ 169,573	$ 177,771	$ 185,965

The effective interest rate on long-term borrowings was 1.7%-1.8%, 1.45%-1.55% and 1.2%-1.26%, on June 30, 2023, December 31, 2022 and June 30, 2022, respectively.

21 -

18. BONDS PAYABLE

		December 31,
	June 30, 2023	2022	June 30, 2022
Domestic third unsecured convertible bonds	$ 1,184,838	$ 1,178,724	$ 1,172,435

On September 9, 2021, the Company issued 12,000 units NTD denominated unsecured convertible corporate bonds with 0% coupon rate, 3 years issue period and total principal amount of NT$1,200,000 thousand.

Unless (A) the period for suspension of transfer registration of ordinary shares required by laws, (B) the period from 15 business days prior to the date for suspension of transfer registration of allocated dividends requested by the Group the date for suspension of transfer registration of cash dividends or the date for suspension of transfer registration of cash capital increase to the record date for allocation of rights, (C) from the record date for capital decrease to the day immediately prior to the trading date of shares swapped upon capital decrease, and (D) the bondholders may the securities firm to ask the Group’s share affairs department to convert the convertible corporate bonds into the Group’s ordinary shares pursuant to the Regulations at any time from the day following expiration of one month after the convertible corporate bonds are issued (December 10, 2021) to the expiration date (September 9, 2024).

The conversion price of bonds is set based on the arithmetic mean of the business day’s closing share price multiplied by 102% premium rate before the effective date on August 20, 2021. In accordance with above method, the conversion price at the time of issuance of the convertible corporate bond is NT$61.6 per share on June 30, 2023.

If the bonds are not converted between December 10, 2021 and July 31, 2024, and the closing price of ordinary shares has exceeded 30% of the current conversion price for 30 consecutive business days, the Corporation may send a copy of “Bond Redemption Notice” with expiration of one month by registered mail, and the expiration date of the period is determined as the base date for recovery of bonds. The Corporation will redeem the bonds at their par value within 5 business days following the base date.

If the bonds are not converted between December 10, 2021 and July 31, 2024, and the closing price of ordinary shares is lower than 10% of original total issue amount, the Corporation will therefore be entitled to send out a 30-day-expiration “Bond Redemption Notice” based on names recorded on bondholder’s name list 5 business days prior to the mailing day. The Corporation will redeem the bonds at their par value within 5 business days following the base date.

The convertible bonds contain both liability and equity components: The equity components are presented in equity under the heading of capital surplus-options. The liability components are recognized as liabilities of embedded derivative financial instruments and non-derivative products. Such embedded derivative financial instruments were assessed at fair value of NT$0 thousand, NT$0 thousand and NT$0 thousand (included in financial assets - non-current which were measured at FVTPL); non-derivative product liabilities have been measured on June 30, 2023, December 31, 2022 and June 30, 2022 at NT$1,184,838 thousand, NT$1,178,724 thousand and NT$1,172,435 thousand (included in bonds payable) respectively based on amortized cost and its effective interest rate originally recognized was 1.0663%.

22 -

Proceeds from insurance (less transaction cost of NT$4,998 thousand)
Equity component
Liability component at the date of issue (including NT$1,162,417 thousand of bonds
payable and NT$360 thousand of financial asset at fair value - non-current)
Interest charged at an effective interest rate of 1.0663%
Loss on valuation of financial instrument
Liability component on December 31, 2022
Interest charged at an effective interest rate of 1.0663%
Convertible bonds converted into ordinary shares
Liability component on June 30, 2023

$ 1,337,453
(175,396)
1,162,057
16,307
360
1,178,724
6,213
(99)
$ 1,184,838

As of June 30, 2023, the Corporation’s unsecured convertible bonds with a face value of $100 thousand have been converted into 1,600 ordinary shares.

19. OTHER PAYABLES

			December 31,	December 31,
	June	30, 2023		2022	June 30, 2022
Other payables
Payables for salaries or bonuses	$	262,727	$	204,625	$	251,029
Payables for dividends		371,172		-		655,738
Others		261,068		349,217		310,457
	$	894,967	$	553,842	$ 1,217,224

20. RETIREMENT BENEFIT PLANS

For the three months ended June 30, 2023 and 2022, the pension expenses of defined benefit plans were $108 thousand and $107 thousand, respectively, and for the six months ended June 30, 2023 and 2022, the pension expenses of defined benefit plans were $219 thousand and $216 thousand, respectively, and these were calculated based on the actuarially determined pension cost rate on December 31, 2022 and 2021, respectively.

21. EQUITY

a. Share capital

Ordinary shares

		December 31,
	June 30, 2023	2022	June 30, 2022
Number of shares authorized (in thousands)	200,000	200,000	200,000
Amount of shares authorized	$ 2,000,000	$ 2,000,000	$ 2,000,000
Number of shares issued and fully paid (in
thousands)	123,726	123,724	123,724
Amount of shares issued	$ 1,237,258	$ 1,237,242	$ 1,237,242

Fully paid ordinary shares, which have a par value of $10, carry one vote per share and a right to dividends.

23 -

The authorized shares include 3,000 thousand shares allocated for the exercise of employee share options.

b. Capital surplus

			December 31,	December 31,
	June 30, 2023			2022	June 30, 2022
May be used to offset a deficit, distributed as
cash dividends, or transferred to share
capital (Note 1)
Issuance of ordinary shares	$	776,616	$	776,519	$	776,519
The difference between the consideration paid
and the carrying amount of the
subsidiaries’ net assets during actual
acquisition		414,247		413,526		413,526
Consolidation excess		852,372		852,372		852,372
Unclaimed dividends		122		107		107
May only be used to offset a deficit (Note 2)
Changes in percentage of ownership interests
in subsidiaries		143,150		143,150		143,150
May not be used for any purpose
Convertible bonds option		175,382		175,396		175,396
	$ 2,361,889		$	2,361,070	$ 2,361,070

Note 1: Such capital surplus, which includes the amount in excess of par value of issued shares (including the issuance of ordinary shares at the excess premium, the conversion premium of bonds, and the premium of shares due to the consolidation excess, etc.), unclaimed dividends, and the difference between the consideration paid and the carrying amount of the subsidiaries’ net assets during actual acquisition, may be used to offset a deficit; in addition, when the Corporation has no deficit, such capital surplus may be distributed as cash dividends or transferred to share capital (limited to a certain percentage of the Corporation’s capital surplus and to once a year).
Note 2: Such capital surplus which arises from the effects of changes in ownership interests in subsidiaries may only be used to offset a deficit.
c. Retained earnings and dividends policy

Under the dividends policy as set forth in the amended Articles, where the Corporation made a profit in a fiscal year, the profit shall be first utilized for paying taxes, offsetting losses of previous years, setting aside as a legal reserve of 10% of the remaining profit, setting aside or reversing a special reserve in accordance with the laws and regulations, and then any remaining profit together with any undistributed retained earnings shall be used by the Corporation’s board of directors as the basis for proposing a distribution plan, which should be resolved by the shareholders in their meeting for the distribution of dividends and bonuses to shareholders. For the policies on the distribution of compensation of employees and remuneration of directors and supervisors after the amendment, refer to compensation of employees and remuneration of directors and supervisors in Note 22-b.

24 -

As the Corporation is currently in the growth stage, the Corporation considers its industry development and long-term interests of shareholders as well as its programs to maintain operating efficiency and meet its financial goals when determining the distribution of bonuses in shares or cash. The board of directors shall propose allocation ratios every year and propose such allocation ratio at the shareholder’s meeting. For the distribution of bonuses to shareholders, cash dividends are preferred. Distribution of earnings may also be made in the form of share dividends, provided that the ratio of cash dividends distributed is 5% to 100% of the total dividends distributed.

An appropriation of earnings to a legal reserve shall be made until the legal reserve equals the Corporation’s paid-in capital. The legal reserve may be used to offset deficits. If the Corporation has no deficit and the legal reserve has exceeded 25% of the Corporation’s paid-in capital, the excess may be transferred to capital or distributed in cash.

Items referred to under Rule No. 1010012865 and Rule No. 1010047490 issued by the FSC and in the directive titled “Questions and Answers for Special Reserves Appropriated Following Adoption of IFRSs” should be appropriated to or reversed from a special reserve by the Corporation.

The appropriations of earnings for 2022 and 2021 which were approved by the shareholders in their meetings on June 16, 2023 and June 10, 2022, respectively, were as follows:

Legal reserve Special reserve Cash dividends Dividends per share	Appropriation of Earnings	Appropriation of Earnings	Appropriation of Earnings
	For the Year Ended		December 31
		2022 $ 37,643 $ (168,395) $ 371,172 $ 3.00	2021 $ 25,211 $ 51,576 $ 247,448 $ 2.00

The shareholders’ meeting proposed to allocate capital surplus of $408,290 thousand for each dividend of $3.30 per share.

d. Special reserve

Balance at January 1 Appropriated special reserve Debits to other equity items Balance at June 30		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 687,191 (168,395) $ 518,796	2022 $ 635,615 51,576 $ 687,191

On the initial application of the IFRSs, the net increase arising from the retained earnings was not enough for the special reserve appropriation; thus, the Corporation appropriated a special reserve at the amount of $230,916 thousand representing the remaining amount in retained earnings that resulted from the conversion to IFRSs. Additional special reserve should be appropriated for the amount equal to the difference between net debit balance reserves and the special reserve appropriated on the first-time adoption of IFRSs. Any special reserve appropriated may be reversed to the extent that the net debit balance reverses and is thereafter, distributed.

25 -

e. Non-controlling interests

Balance at January 1 Share of loss for the period Other comprehensive income (loss) during the period Exchange differences on translating the financial statements of foreign entities Changes in ownership interests in subsidiaries (Note 25) Balance at March 31		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 335,132 (11,307) (7,397) (2,014) $ 314,414	2022 $ 320,188 (828) 6,007 - $ 325,367

22. NET PROFIT

a. Depreciation, amortization and employee benefits expense:

Employee benefits expense Defined contribution plan Defined benefit plan Other employee benefits Depreciation Amortization		For the Three Months Ended June 30	For the Three Months Ended June 30	For the Three Months Ended June 30	For the Three Months Ended June 30
		2023	Total $ 22,025 108 501,107 $ 523,240 $ 103,412 $ 5,443			2022
	Operating Costs $ 17,405 56 355,222 $ 372,683 $ 72,914 $ 722	Operating Expenses $ 4,620 52 145,885 $ 150,557 $ 30,498 $ 4,721			Operating Costs $ 18,899 60 435,357 $ 454,316 $ 80,855 $ 701	Operating Expenses $ 5,308 47 153,607 $ 158,962 $ 35,825 $ 5,644	Total $ 24,207 107 588,964 $ 613,278 $ 116,680 $ 6,345

Employee benefits expense Defined contribution plan Defined benefit plan Other employee benefits Depreciation Amortization		For the Six Months Ended June 30	For the Six Months Ended June 30	For the Six Months Ended June 30	For the Six Months Ended June 30
		2023	Total $ 43593 219 916,978 $ 960,790 $ 211,642 $ 11,528			2022
	Operating Costs $ 33,951 116 643,338 $ 677,405 $ 147,704 $ 1,487	Operating Expenses $ 9,642 103 273,640 $ 283,385 $ 63,938 $ 10,041			Operating Costs $ 37,072 119 889,955 $ 927,146 $ 159,997 $ 1,334	Operating Expenses $ 11,000 97 297,510 $ 308,607 $ 70,262 $ 10,835	Total $ 48,072 216 1,187,465 $ 1,235,753 $ 230,259 $ 12,169

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b. Compensation of employees and remuneration of directors

According to the Corporation’s Articles of Incorporation, the Corporation accrues compensation of employees and remuneration of directors at rates of no less than 3% and no higher than 2%, respectively, of net profit before income tax, compensation of employees, and remuneration of directors. The compensation of employees and the remuneration of directors for the three months ended June 30, 2023 and 2022 and for the six months ended June 30, 2023 and 2022, respectively, are as follows:

Accrual rate

Compensation of employees Remuneration of directors Amount	For the Six Months Ended June 30
	2023 2022 8.72% 8.88% 1.91% 1.95%

Compensation of employees Remuneration of directors	For the Three Months Ended June 30 2023 2022 $ 19,431 $ 17,974 $ 4,265 $ 3,945	For the Three Months Ended June 30 2023 2022 $ 19,431 $ 17,974 $ 4,265 $ 3,945		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 19,431 $ 4,265		2023 $ 24,568 $ 5,393	2022 $ 21,590 $ 4,739

If there is a change in the amounts after the annual consolidated financial statements are authorized for issue, the differences are recorded as a change in the accounting estimate.

The appropriations of compensation of employees and remuneration of directors for 2022 and 2021 that were resolved by the board of directors on March 15, 2023 and March 15, 2022, respectively, are as shown below:

Amount

Compensation of employees Remuneration of directors and supervisors	For the Year Ended December 31	For the Year Ended December 31
	2022 Cash $ 43,000 9,800	2021
		Cash $ 31,000 7,000

There is no difference between the actual amounts of the compensation of employees and remuneration of directors for 2022 and 2021 and recognized in the profit and loss for the year ended December 31, 2022 and 2021.

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

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23. INCOME TAXES

a. Income tax recognized in profit or loss

Major components of income tax expense are as follows:

Current tax In respect of the current period Income tax on unappropriated earnings Adjustments for prior periods Deferred tax In respect of the current period Adjustments for prior periods Income tax expense recognized in profit or loss	For the Three Months Ended June 30 2023 2022 $ 30,879 $ 83,492 5,898 - 8,745 11,703 45,522 95,195 56,971 18,432 (2,934) (8,444) 54,037 9,988 $ 99,559 $ 105,183	For the Three Months Ended June 30 2023 2022 $ 30,879 $ 83,492 5,898 - 8,745 11,703 45,522 95,195 56,971 18,432 (2,934) (8,444) 54,037 9,988 $ 99,559 $ 105,183		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 30,879 5,898 8,745 45,522 56,971 (2,934) 54,037 $ 99,559		2023 $ 63,249 5,898 8,745 77,892 35,985 (2,934) 33,051 $ 110,943	2022 $ 117,799 - 11,703 129,502 19,297 (8,444) 10,853 $ 140,355

b. Income tax assessments

The income tax returns of the Corporation through 2021 have been assessed by the tax authorities.

The income tax returns of Gatetech Technology Inc. through 2020 have been assessed by the tax authorities.

The income tax returns of Leohab Enterprise Co., Ltd. through 2021 have been assessed by the tax authorities.

All the subsidiaries in China and other overseas countries have completed income tax returns within the time limit specified by the local tax collection authority.

24. EARNINGS PER SHARE

Net Profit for the Period

Earning used in the computation of diluted earnings per share Effect of potentially dilutive ordinary shares Invest on convertible bonds	For the Three Months Ended June 30 2023 2022 $ 170,579 $ 150,917 3,124 3,451 $ 173,703 $ 154,368	For the Three Months Ended June 30 2023 2022 $ 170,579 $ 150,917 3,124 3,451 $ 173,703 $ 154,368		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 170,579 3,124 $ 173,703		2023 $ 208,060 6,213 $ 214,273	2022 $ 181,838 6,507 $ 188,345

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The weighted average number of ordinary shares outstanding (in thousands of shares) is as follows:

Weighted average number of ordinary shares used in the computation of basic earnings per share Effect of potentially dilutive ordinary shares Convertible bonds Compensation of employees Weighted average number of ordinary shares used in the computation of diluted earnings per share	For the Three Months Ended June 30 2023 2022 123,726 123,724 19,479 17,964 408 323 143,613 142,011	For the Three Months Ended June 30 2023 2022 123,726 123,724 19,479 17,964 408 323 143,613 142,011		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 123,726 19,479 408 143,613		2023 123,725 19,479 688 143,892	2022 123,724 17,964 504 142,192

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

25. FINANCIAL INSTRUMENTS

On March 27, 2023, the Corporation subscribed for additional new shares of Gatetech Technology Inc. at 0.23% from its existing ownership percentage for a cash consideration of $1,293 thousand and increased the Corporation’s percentage of ownership from 73.82% to 74.05%.

The above transactions were accounted for as equity transactions, since the Corporation did not cease to have control over these subsidiaries.

	For the Three	For the Three
	Months Ended
	June 30, 2023
Consideration paid	$	(1,293)
The proportionate share of carrying amount of the net assets of the subsidiary
transferred to non-controlling interests		2,014
Difference recognized from equity transactions	$	721
Adjustment of difference recognized from equity transactions
Capital surplus-difference between actual acquisition of subsidiary’s equity prices and
carrying amount	$	721

29 -

26. FINANCIAL INSTRUMENTS

a. Fair value of financial instruments not measured at fair value

June 30, 2023

	Fair Value	Fair Value
Level 1 $ 1,290,252	Level 2 Level 3 $ - $ - Fair Value		Total $ 1,290,252
Level 1 $ 1,229,880	Level 2 Level 3 $ - $ - Fair Value		Total $ 1,229,880
Level 1 $ 1,331,280	Level 2 $ -	Level 3 $ -	Total $ 1,331,280

b. Fair value of financial instruments measured at fair value on a recurring basis
1) Fair value hierarchy

June 30, 2023

Financial assets at FVTPL Listed shares Mutual fund Structured deposits Emerging market shares Overseas unlisted shares Private funds	Level 1 $ 68,963 150,948 906,375 15,323 - - $ 1,141,609	Level 2 $ - - - - - - $ -	Level 3 $ - - - 10,536 22,912 16,738 $ 50,186	Total $ 68,963 150,948 906,375 25,859 22,912 16,738
				$ 1,191,795

30 -

December 31, 2022

Financial assets at FVTPL Listed shares Structured deposits Emerging market shares Overseas unlisted shares Private funds June 30, 2022 Financial assets at FVTPL Listed shares Structured deposits Emerging market shares Overseas unlisted shares Private funds Financial liabilities at FVTPL Foreign exchange forward contracts	Level 1 $ 86,154 617,967 9,334 - - $ 713,455 Level 1 $ 78,576 244,846 8,326 - - $ 331,748 $ -	Level 2 $ - - - - - $ - Level 2 $ - - - - - $ - $ 5,658	Level 3 $ - - 11,148 28,725 14,283 $ 54,156 Level 3 $ - - 6,608 33,751 8,453 $ 48,812 $ -	Total $ 86,154 617,967 20,482 28,725 14,283
				$ 767,611
				Total $ 78,576 244,846 14,934 33,751 8,453
				$ 380,560
				$ 5,658

There were no transfers between Levels 1 and 2 in the current and prior periods.

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

Balance at January 1 Recognized in profit or loss (included in net gain on fair value changes of financial assets at fair value through profit or loss) Purchase Balance at June 30		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 54,156 2,846 (6,816) $ 50,186	2022 $ 54,643 (5,831) - $ 48,812

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

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Financial Instrument Valuation Technique and Inputs
----- End of picture text -----

Financial Instrument	Valuation Technique and Inputs
Foreign exchange forward	Discounted cash flows Future cash flows are estimated based
contracts	on observable forward exchange rates at the end of the year
	and contract forward rates, discounted at a rate that reflects
	the credit risk of various counterparties.
Domestic third unsecured	Under the assumption that bonds will be redeemed on
convertible bonds	September 9, 2024, discount rate adopted is calculated via
	interpolation method using government bond yield rates
	from public offer 2-year and 5-year period.

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

Fair values of emerging market shares are measured using the market approach, while the fair values of overseas unlisted shares and private funds are measured using the asset approach.

c. Categories of financial instruments

		December 31,	December 31,
	June 30, 2023		2022	June 30, 2022
Financial assets
Mandatorily classified as at FVTPL	$ 1,191,795	$	767,611	$	380,560
Financial assets at amortized cost (Note 1)	5,970,554		5,966,361		6,880,597
Financial liabilities
Mandatorily classified as at FVTPL	-		-		5,658
Financial liabilities at amortized cost (Note 2)	4,566,306		4,667,248		4,922,256

Note 1: The balances include financial assets measured at amortized cost, which comprise cash and cash equivalents, financial assets at amortized cost, notes receivable and trade receivables, other receivables and refundable deposits.
Note 2: The balances include financial liabilities at amortized cost, which comprise notes payable and trade payables, other payables less salary payable and dividends payable, short-term borrowings, long-term borrowings, current portion of long-term borrowings, bonds payable and guarantee deposits received.
d. Financial risk management objectives and policies

The Group’s major financial instruments include cash and cash equivalents, financial assets mandatorily classified as at FVTPL, financial assets at amortized costs, equity investment, trade receivables, trade payables, accounts payable, bonds payable, short-term borrowings and lease liabilities. The Group’s corporate treasury function provides services to the business, coordinates access to domestic and international financial markets, monitors and manages the financial risks relating to the operations of the Group through internal risk reports which analyze exposures by degree and magnitude of risks. These risks include market risk (including foreign currency risk, interest rate risk and other price risk), credit risk and liquidity risk.

32 -

1) Market risk

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

There is no change in the method of the measurement of market risk.

There has been no change to the Group’s exposure to market risks or the manner in which these risks are managed and measured.

a) Foreign currency risk

Several subsidiaries of the Group have foreign currency sales and purchases, which exposes the Group to foreign currency risk.

The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities (including those eliminated on consolidation) and of the derivatives exposed to foreign currency risk at the end of the reporting period are set out in Note 29.

Sensitivity analysis

The Group is mainly exposed to the USD and RMB.

TThe following table details the Group’s sensitivity to a 1% increase and decrease in the New Taiwan dollar (i.e., functional currency) against the relevant foreign currencies. The sensitivity rate used when reporting foreign currency risk internally to key management personnel and representing management’s assessment of the reasonably possible change in foreign exchange rates is 1%. The sensitivity analysis included only outstanding foreign currency denominated monetary items and foreign exchange forward contracts designated as cash flow hedges, and their translation was adjusted at the end of the reporting period for a 1% change in foreign currency rates. A negative number below indicates a decrease in pre-tax profit associated with the New Taiwan dollar strengthening 1% against the relevant currency. For a 1% weakening of the New Taiwan dollar against the relevant currency, there would be an equal and opposite impact on pre-tax profit, and the balances below would be positive.

USD impact USD:NTD USD:RMB USD:VND RMB impact RMB:NTD RMB:USD		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ (1,497) $ (5,714) $ (262) $ (1,101) $ (434)	2022 $ (1,307) $ (23,606) $ (283) $ (1,580) $ (448)

This was mainly attributable to the exposure on outstanding receivables and payables in USD and RMB which were not hedged at the end of the reporting period.

In management’s opinion, the sensitivity analysis is unrepresentative of the inherent foreign currency risk because the exposure at the end of the reporting period did not reflect the exposure during the period.

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b) Interest rate risk

The Group is exposed to interest rate risk because entities in the Group borrow funds at both fixed and floating interest rates.

The carrying amounts of the Group’s financial assets and financial liabilities with exposure to interest rates at the end of the reporting period were as follows:

		December 31,
	June 30, 2023	2022	June 30, 2022
Fair value interest rate risk
Financial assets	$ 2,229,751	$ 2,003,604	$	978,666
Financial liabilities	3,001,379	3,247,591		2,916,552
Cash flow interest rate risk
Financial assets	2,158,439	2,362,027		2,348,050

Sensitivity analysis

The sensitivity analysis below was determined based on the Group’s exposure to interest rates for both derivative and non-derivative instruments at the end of the reporting period. For floating rate assets and liabilities, the analysis was prepared assuming the amount of each liability outstanding at the end of the reporting period was outstanding at the end of the reporting period. A 100 basis point increase or decrease is used when reporting interest rate risk internally to key management personnel and represents management’s assessment of the reasonably possible change in interest rates.

If interest rates had been 100 basis point higher/lower and all other variables were held constant, the Group’s pre-tax profit for the six months ended June 30, 2023 and 2022 would have increased/decreased by $10,792 thousand and $11,740 thousand, respectively, which was mainly attributable to the Group’s exposure to interest rates on its variable-rate deposits.

The Group’s sensitivity to interest rates has not changed significantly from the prior period.

c) Other price risk

The Group was exposed to equity price risk through its investments in domestic listed shares, domestic emerging market shares, mutual funds and overseas unlisted shares and private funds. In addition, the Group has appointed a special team to monitor the price risk and will consider hedging the risk exposure should the need arise.

Sensitivity analysis

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

If equity prices had been 1% higher/lower, pre-tax profit for the six months ended June 30, 2023 and 2022 would have increased/decreased by $2,854 thousand and $1,357 thousand, respectively, as a result of the changes in fair value of financial assets at FVTPL.

34 -

2) Credit risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in a financial loss to the Group. As at the end of the reporting period, the Group’s maximum exposure to credit risk, which would cause a financial loss to the Group due to the failure of the counterparty to discharge its obligation and due to the financial guarantees provided by the Group, could be equal to the total of the carrying amount of the respective recognized financial assets as stated in the balance sheets.

In order to reduce credit risk, the management team of the Group designated a special team to decide the credit ratings of counterparties and other monitoring procedures to make sure there are appropriate actions taken to collect the overdue receivables. Additionally, on each balance sheet date, the Group reviews the recoverable amounts to ensure appropriate allowances have been made for doubtful accounts. Therefore, the Group considers its credit risk to be significantly reduced.

The Group continuously assesses the financial conditions of customers with outstanding receivables.

As the counterparties of the Group are financial institutions and companies with good credit ratings, the Group has limited credit risk.

3) Liquidity risk

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

The Group relies on bank borrowings as a significant source of liquidity. The Group had available unutilized short-term bank loan facilities set out in below.

Financing facilities

			December 31,	December 31,
	June 30, 2023			2022	June 30, 2022
Unsecured bank overdraft facilities,
reviewed annually and payable on
demand
Amount used	$	1,068,024	$	1,089,681	$	610,000
Amount unused		2,462,979		3,133,506		3,218,669
	$	3,531,003	$	4,223,187	$	3,828,669
Secured bank overdraft facilities
Amount used	$	479,579	$	581,929	$	612,474
Amount unused		182,351		74,023		45,039
	$	661,930	$	655,952	$	657,513

35 -

27. TRANSACTIONS WITH RELATED PARTIES

Balances and transactions between the Group and its subsidiaries, which are related parties of the Group, have been eliminated on consolidation and are not disclosed in this note. Besides information disclosed elsewhere in the other notes, details of transactions between the Group and other related parties are disclosed below.

a. Related party name and category

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Related Party Name Related Party Category
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Related Party Name	Related Party Category
Chen Chien Hung	Related party in substance (first-degree relative of the
	Corporation’s director)
Chen Chien Yuan	The legal representative of the Corporation’s director
High Grade Tech Co., Ltd.	Associate
Smart Automation Technology Inc.	Associate
Dongguan Smart Automation Technology Inc.	The subsidiary of associate

b. Acquisition of property, plant and equipment

For the Three Months Ended June 30 For the Six Months Ended June 30 Related Party Category 2023 2022 2023 2022 Property, plant and equipment The subsidiary of associate $ - $ 1,718 $ 82 $ 1,785 Leases agreements For the Three Months Ended June 30 For the Six Months Ended June 30 Related Party Category 2023 2022 2023 2022 Lease assets acquired Related party in substance $ - $ - $ - $ 2,879 The legal representative of the Corporation’s director - - - 1,574 $ - $ - $ - $ 4,453 Line Item Related Party Category June 30, 2023 December 31, 2022 June 30, 2022 Lease liabilities Related party in substance $ 1,116 $ 1,948 $ 2,401 The legal representative of the Corporation’s director 606 1,058 1,313 $ 1,722 $ 3,006 $ 3,714		For the Six Months Ended June 30
		2023 2022 $ 82 $ 1,785 For the Six Months Ended June 30

c. Leases agreements
36 -

Related Party Category Interest expense Related party in substance The legal representative of the Corporation’s director Lease expense The legal representative of the Corporation’s director	For the Three Months Ended June 30 2023 2022 $ 4 $ 5 2 3 $ 6 $ 8 $ 235 $ -	For the Three Months Ended June 30 2023 2022 $ 4 $ 5 2 3 $ 6 $ 8 $ 235 $ -		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 4 2 $ 6 $ 235		2023 $ 8 4 $ 12 $ 453	2022 $ 6 4 $ 10 $ -

Lease expenses included expenses relating to short-term leases.

The rental amounts agreed in lease contracts between the Group and other related parties are determined based on market prices and general payment terms.

d. Acquisition of other assets

Related Party For the Three Months Ended June 30 For the Six Months Ended June 30 Line Item Category 2023 2022 2023 2022 Intangible assets Associates $ - $ 2,456 $ 1,264 $ 2,456 Payables to related parties (excluding loans from related parties) Line Item Related Party Category June 30, 2023 December 31, 2022 June 30, 2022 Other payables Associates $ - $ 78 $ -		For the Six Months Ended June 30

e. Payables to related parties (excluding loans from related parties)
f. Compensation of key management personnel

Short-term employee benefits Post-employment benefits	For the Three Months Ended June 30 2023 2022 $ 10,810 $ 11,219 78 78 $ 10,888 $ 11,297	For the Three Months Ended June 30 2023 2022 $ 10,810 $ 11,219 78 78 $ 10,888 $ 11,297		For the Six Months Ended June 30	For the Six Months Ended June 30
		2023 $ 10,810 78 $ 10,888		2023 $ 21,620 157 $ 21,777	2022 $ 22,437 157 $ 22,594

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

37 -

28. ASSETS PLEDGED AS COLLATERAL OR FOR SECURITY

The following assets were provided as collateral for borrowings and performance bond:

		December 31,
	June 30, 2023	2022	June 30, 2022
Property, plant and equipment	$ 817,434	$ 819,017	$ 820,393
Financial assets at amortized cost	3,262	3,272	2,262
	$ 820,696	$ 822,289	$ 822,655

29. SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

The Group’s significant financial assets and liabilities of entities in the denominated in foreign currencies aggregated by the foreign currencies other than functional currencies of the entities in the Group and the related exchange rates between the foreign currencies and the respective functional currencies were as follows:

June 30, 2023

		Foreign		Carrying
		Currency	Exchange Rate	Amount
Financial assets
Monetary items
USD	$	49,338	31.14 (USD:NTD)	$ 1,536,385
USD		52,305	7.2258 (USD:RMB)	1,628,778
USD		5,110	23,708 (USD:VND)	159,125
RMB		32,741	4.282 (RMB:NTD)	140,197
RMB		10,128	0.1375 (RMB:USD)	43,368
Non-monetary items
Financial assets at FVTPL - non-current
USD		736	31.14 (USD:NTD)	22,912
Financial liabilities
Monetary items
USD		44,530	31.14 (USD:NTD)	1,386,664
USD		1,842	7.2258 (USD:RMB)	57,360
USD		4,269	23,708 (USD:VND)	132,937
RMB		7,023	4.282 (RMB:NTD)	30,072

38 -

December 31, 2022

		Foreign		Carrying
		Currency	Exchange Rate	Amount
Financial assets
Monetary items
USD	$	48,301	30.71 (USD:NTD)	$ 1,483,324
USD		64,171	6.9646 (USD:RMB)	1,970,691
USD		1,610	23,959 (USD:VND)	49,443
RMB		48,069	4.4080 (RMB:NTD)	211,888
RMB		10,148	0.1435 (RMB:USD)	44,732
Non-monetary items
Financial assets at FVTPL - non-current
USD		935	30.71 (USD:NTD)	28,725
Financial liabilities
Monetary items
USD		41,754	30.71 (USD:NTD)	1,282,265
USD		1,697	6.9646 (USD:RMB)	52,115
USD		867	23,959 (USD:VND)	26,626
RMB		11,030	4.4080 (RMB:NTD)	48,620
June 30, 2022
		Foreign		Carrying
		Currency	Exchange Rate	Amount
Financial assets
Monetary items
USD	$	69,697	29.72 (USD:NTD)	$ 2,071,395
USD		81,020	6.7114 (USD:RMB)	2,407,914
USD		1,576	23,515 (USD:VND)	46,839
RMB		44,548	4.439 (RMB:NTD)	197,749
RMB		10,094	0.1494 (RMB:USD)	44,807
Non-monetary items
Financial assets at FVTPL - non-current
USD		1,136	29.72 (USD:NTD)	33,751
Financial liabilities
Monetary items
USD		65,298	29.72 (USD:NTD)	1,940,657
USD		1,591	6.7114 (USD:RMB)	47,285
USD		624	23,515 (USD:VND)	18,545
RMB		8,954	4.439 (RMB:NTD)	39,747

39 -

The Group is mainly exposed to the USD and the RMB. The following information was aggregated by the functional currencies of the group entities in the Group, and the exchange rates between the respective functional currencies and the presentation currency were disclosed. The significant realized and unrealized foreign exchange gains (losses) were as follows:

Foreign Currency NTD USD RMB VND Other Foreign Currency NTD USD RMB VND Other	For the Three Months Ended June 30	For the Three Months Ended June 30	For the Three Months Ended June 30
	2023 2022 Exchange Rate Net Foreign Exchange Losses Exchange Rate Net Foreign Exchange Gains 1 (NTD:NTD) $ 12,821 1 (NTD:NTD) $ 15,458 30.55 (USD:NTD) (2,232) 29.72 (USD:NTD) (2,548) 4.408 (RMB:NTD) 80,677 4.439 (RMB:NTD) 134,704 0.0013 (VND:NTD) 517 0.0012 (VND:NTD) 1,400 (25) 313 $ 91,758 $ 149,327 For the Six Months Ended June 30	2022
	2023 Exchange Rate Net Foreign Exchange Losses 1 (NTD:NTD) $ 10,845 30.55 (USD:NTD) (1,638) 4.408 (RMB:NTD) 47,634 0.0013 (VND:NTD) 269 (45) $ 57,065	2022
		Exchange Rate Net Foreign Exchange Gains 1 (NTD:NTD) $ 31,015 29.72 (USD:NTD) (2,377) 4.439 (RMB:NTD) 126,339 0.0012 (VND:NTD) 1,844 423 $ 157,244

30. SEPARATELY DISCLOSED ITEMS

a. Information on significant transactions:
1) Financing provided to others (Table 1)
2) Endorsements/guarantees provided (Table 2)
3) Marketable securities held (excluding investments in subsidiaries, associates and joint ventures) (Table 3)
4) Marketable securities acquired or disposed of at costs or prices of at least NT$300 million or 20% of the paid-in capital (Table 4)
5) Acquisition of individual real estate at costs of at least NT$300 million or 20% of the paid-in capital
- (None)
6) Disposal of individual real estate at prices of at least NT$300 million or 20% of the paid-in capital (None)
7) Total purchases from or sales to related parties amounting to at least NT$100 million or 20% of the paid-in capital (Table 5)
40 -
8) Receivables from related parties amounting to at least NT$100 million or 20% of the paid-in capital (Table 6)
9) Trading in derivative instruments (Note 7)
10) Intercompany relationships and significant intercompany transactions (Table 9)
b. Information on significant investees (Table 7)
c. Information on investments in mainland China:
1) Information on any investee company in mainland China, showing the name, principal business activities, paid-in capital, method of investment, inward and outward remittance of funds, ownership percentage, net income of investees, investment income or loss, carrying amount of the investment at the end of the period, repatriations of investment income, and limit on the amount of investment in the mainland China area (Table 8)
2) Any of the following significant transactions with investee companies in mainland China, either directly or indirectly through a third party, and their prices, payment terms, and unrealized gains or losses (Tables 1, 2, 4, 5, 6 and 9)
- a) The amount and percentage of purchases and the balance and percentage of the related payables at the end of the period
- b) The amount and percentage of sales and the balance and percentage of the related receivables at the end of the period
- c) The amount of property transactions and the amount of the resultant gains or losses
- d) The balance of negotiable instrument endorsements or guarantees or pledges of collateral at the end of the period and the purposes
- e) The highest balance, the end of period balance, the interest rate range, and total current period interest with respect to the financing of funds
- f) Other transactions that have a material effect on the profit or loss for the period or on the financial position, such as the rendering or receipt of services
d. Information of major shareholders: List all shareholders with ownership of 5% or greater showing the name of the shareholder, the number of shares owned, and percentage of ownership of each shareholder (Table 10)

31. SEGMENT INFORMATION

Information reported to the chief operating decision maker for the purpose of resource allocation and assessment of segment performance focuses on the types of goods or services delivered or provided. Specifically, the Group’s reportable segments were electronic equipment and molding.

No operating segments have ceased operation during the period.

41 -

a. Segment revenue and results

The following was an analysis of the Group’s revenue and results from continuing operations by reportable segments:

Equipment - electronic parts - plastic molding Revenue from continuing operations Other income Other gains and losses Interest income Net foreign exchange gain (loss) Net gain (loss) on financial assets at fair value through profit or loss Share of profit (loss) of associates Interest expense Impairment loss on investments accounted for using the equity method General and administrative expenses Income before tax		Segment Revenue 2023 2022 $ 3,975,949 $ 5,481,999 16,706 86,501 $ 3,992,655 $ 5,568,500		Segment Income	Segment Income
		2023 $ 3,975,949 16,706 $ 3,992,655		2023 $ 497,126 1,469 498,595 16,247 (2,323) 43,570 57,065 44,870 9,920 (26,948) - (333,300) $ 307,696	2022 $ 582,426 8,066 590,492 23,393 (33,699) 9,140 157,244 (13,332) 20,026 (24,442) (19,835) (387,622) $ 321,365

The above segment revenue and results were generated from the transactions with external customers. There were no inter-segment transactions for the six months ended June 30, 2023 and 2022.

Segment profit represented the profit before tax earned by each segment without allocation of central administration costs and directors’ salaries, other income, other gains and losses, interest income, net foreign exchange gain, net gain on financial assets at FVTPL, share of profit of associates, interest expense, impairment losses on investments using the equity method and income tax expense. This was the measure reported to the chief operating decision maker for the purpose of resource allocation and assessment of segment performance.

b. Segment total assets

The Group has no key operational personnel to monitor segment performance, and thus, the amount of segment assets is zero.

42 -

TABLE 1

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

FINANCING PROVIDED TO OTHERS FOR THE SIX MONTHS ENDED JUNE 30, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

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Business Reasons for Allowance for Collateral
Financial Statement Related Highest Balance Interest Rate Nature of Financing Limit for Aggregate Financing
No. Lender Borrower Account Party for the Period Ending Balance [Actual Amount ] Borrowed (%) Financing Transaction Amount Short-term Financing Impairment Loss Item Value Each Borrower Limit
0 Syncmold Enterprise Syncmold Enterprise Other receivables from Yes $ 100,000 $ 100,000 $ - - Short-term $ - Operating capital $ - - - $1,056,866 $2,113,731
Corporation (Samoa) Corp. related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
Grand Advance Inc. Other receivables from Yes 100,000 100,000 - - Short-term - Operating capital - - - 1,056,866 2,113,731
related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 100,000 - - - Short-term - Operating capital - - - 1,056,866 2,113,731
Vietnam Co., Ltd. related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
Gatetech Technology Other receivables from Yes 100,000 100,000 - - Short-term - Operating capital - - - 1,056,866 2,113,731
Inc. related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
Leohab Enterprise Co., Other receivables from Yes 100,000 100,000 - - Short-term - Operating capital - - - 1,056,866 2,113,731
Ltd. related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
Commuwell Enterprise Other receivables from Yes 50,000 50,000 - - Short-term - Operating capital - - - 1,056,866 2,113,731
(Thailand) Co., Ltd. related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
1 Syncmold Enterprise (Samoa) Fujian Khuan Hua Other receivables from Yes 62,280 62,280 - - Short-term - Operating capital - - - 1,056,866 2,642,164
Corp. Precise Mold Co., related parties financing (20% of the net worth (50% of the net worth
Ltd. of the Corporation) of the Corporation)
Fullking Development Other receivables from Yes 71,622 71,622 71,622 0.00 Short-term - Operating capital - - - 1,056,866 2,642,164
Limited related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Dongguan Khuan Other receivables from Yes 62,280 62,280 - - Short-term - Operating capital - - - 1,056,866 2,642,164
Huang Precise Mold related parties financing (20% of the net worth (50% of the net worth
Plastic Co., Ltd. of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 323,856 277,146 183,726 0.00 Short-term - Operating capital - - - 1,056,866 2,642,164
Corporation related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Chongqing Fulfil Tech Other receivables from Yes 140,130 140,130 46,710 2.00 Short-term - Operating capital - - - 1,056,866 2,642,164
Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
2 Grand Advance Inc. Kunshan Fulfil Tech Other receivables from Yes 62,800 62,800 - - Short-term - Operating capital - - - 1,056,866 2,642,164
Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 62,800 62,800 - - Short-term - Operating capital - - - 1,056,866 2,642,164
(Samoa) Corp. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Suzhou Fulfil Other receivables from Yes 62,800 62,800 - - Short-term - Operating capital - - - 1,056,866 2,642,164
Electronics Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 28,026 28,026 12,456 0.00 Short-term - Operating capital - - - 1,056,866 2,642,164
(USA) Corp. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Fullking Development Other receivables from Yes 46,710 - - - Short-term - Operating capital - - - 1,056,866 2,642,164
Limited related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 171,270 108,990 108,990 0.00 Short-term - Operating capital - - - 1,056,866 2,642,164
Corporation related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
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(Continued)

43 -

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Business Reasons for Allowance for Collateral
No. Lender Borrower Financial Statement Account Related Party Highest Balance for the Period Ending Balance [Actual Amount ] Borrowed Interest Rate (%) Financing Nature of Transaction Short-term Impairment Item Value Financing Limit for Each Borrower Aggregate Financing Limit
Amount Financing Loss
3 Fuzhou Fulfil Tech Co., Ltd. Fujian Khuan Hua Other receivables from Yes $ 43,096 $ 21,548 $ - - Short-term $ - Operating capital $ - - - $1,056,866 2,642,164
Precise Mold Co., related parties financing (20% of the net worth (50% of the net worth
Ltd. of the Corporation) of the Corporation)
Fuqing Fuqun Other receivables from Yes 56,024 30,167 - - Short-term - Operating capital - - - $1,056,866 2,642,164
Electronic Hardware related parties financing (20% of the net worth (50% of the net worth
Tech Co., Ltd. of the Corporation) of the Corporation)
Suzhou Fulfil Other receivables from Yes 43,096 - - - Short-term - Operating capital - - - $1,056,866 2,642,164
Electronics Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Chongqing Fulfil Tech Other receivables from Yes 25,857 25,857 - - Short-term - Operating capital - - - $1,056,866 2,642,164
Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
4 Suzhou Fulfil Electronics Co., Kunshan Fulfil Tech Other receivables from Yes 38,786 34,476 - - Short-term - Operating capital - - - $1,056,866 $2,642,164
Ltd. Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
5 Zhongshan Fulfil Tech. Co., Dongguan Khuan Other receivables from Yes 34,476 34,476 - - Short-term - Operating capital - - - $1,056,866 2,642,164
Ltd. Huang Precise Mold related parties financing (20% of the net worth (50% of the net worth
Plastic Co., Ltd. of the Corporation) of the Corporation)
Chongqing Fulfil Tech Other receivables from Yes 43,096 - - - Short-term - Operating capital - - - $1,056,866 2,642,164
Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Suzhou Fulfil Other receivables from Yes 34,476 - - - Short-term - Operating capital - - - $1,056,866 2,642,164
Electronics Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
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Note 1: The authorized amount of loans was approved by the board of directors.

Note 2: The highest balance, ending balance, and the actual amount borrowed were calculated based on the exchange rate at the end of June 2023.

Note 3: All the transactions in the table above have been eliminated during the preparation of the consolidated financial statements.

(Concluded)

44 -

TABLE 2

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

ENDORSEMENTS/GUARANTEES PROVIDED FOR THE SIX MONTHS ENDED JUNE 30, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

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

Endorsee/Guarantee Ratio of
Accumulated
Endorsement/ Endorsement/
Limit on Endorsement/ Maximum Amount Outstanding Amount Endorsed/ Endorsement/ Aggregate Guarantee Given Endorsement/ Guarantee Given
No. Endorser/Guarantor Name Relationship Behalf of Each PartyGuarantee Given on Guaranteed During the PeriodEndorsed/ End of the PeriodGuarantee at the Endorsement/ Actual Borrowing Amount Guaranteed by Collateral Guarantee to Net Equity in Latest Financial Guarantee LimitEndorsement/ by Parent on Behalf of by Subsidiaries on Guarantee Given Behalf of Parent Companies inon Behalf of
Subsidiaries Mainland China
Statements
(%)
0 Syncmold Enterprise Corporation Gatetech Technology Inc. Subsidiary $1,056,866 $ 200,000 $ 200,000 $ 100,000 $ - 3.78 $2,642,164 Y N N
(20% of the net worth of (50% of the net worth of
the Corporation) the Corporation)
Leohab Enterprise Co., Ltd. Subsidiary $1,056,866 300,000 300,000 221,000 - 5.68 2,642,164 Y N N
(20% of the net worth of (50% of the net worth of
the Corporation) the Corporation)
Syncmold Enterprise Subsidiary $1,585,298 622,800 622,800 62,280 - 11.79 2,642,164 Y N N
Vietnam Co., Ltd. (30% of the net worth of (US$ 20,000 (US$ 20,000 (50% of the net worth of
the Corporation) thousand) thousand) the Corporation)
Commuwell Enterprise Subsidiary $1,585,298 52,896 52,896 17,632 - 1.00 2,642,164 Y N N
(Thailand) Co., Ltd. (30% of the net worth of (50% of the net worth of
the Corporation) the Corporation)
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45 -

TABLE 3

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES HELD JUNE 30, 2023

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

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

June 30, 2023
Relationship with the
Holding Company Name Type and Name of Marketable Securities Financial Statement Account Number of Carrying Percentage of Note
Holding Company Fair Value
Shares Amount Ownership (%)
Syncmold Enterprise Corporation Shares
Gigastone Corporation - Financial assets at FVTPL - non-current 847,011 $ 15,323 1.67 $ 15,323 (Notes 2 and 7)
Tiga Gaming Inc. - Financial assets at FVTPL - non-current 1,332,132 10,536 5.06 10,536 (Notes 3 and 7)
Foxfortune Technology Ventures Limited - Financial assets at FVTPL - non-current 780,000 13,963 5.80 13,963 (Notes 4 and 7)
Hercules BioVenture, L.P. - Financial assets at FVTPL - non-current 210,526 8,949 2.63 8,949 (Notes 4 and 7)
Winmate Inc. - Financial assets at FVTPL - current 613,000 68,963 0.84 68,963 (Notes 2 and 7)
Private funds
China Development of Healthcare Venture of - Financial assets at FVTPL - non-current 20,360,270 16,738 0.96 16,738 (Notes 4 and 7)
Limited Partnership
Structured commodity
Zhongshan Fulfil Tech. Co., Ltd. Linked interest rate structured deposit products - Financial assets at FVTPL - current - 64,770 - 64,770 (Notes 5 and 7)
No. 26
Linked interest rate structured deposit products - Financial assets at FVTPL - current - 64,684 - 64,684 (Notes 5 and 7)
No. 27
Linked exchange rate range-accumulating - Financial assets at FVTPL - current - 43,107 - 43,107 (Notes 5 and 7)
corporate structured deposit product 222th. type
C. 2023
Linked interest rate structured deposit products - Financial assets at FVTPL - current - 64,665 - 64,665 (Notes 5 and 7)
No. 28
Linked interest rate structured deposit products - Financial assets at FVTPL - current - 43,097 - 43,097 (Notes 5 and 7)
No. 29
Kunshan Fulfil Tech Co., Ltd. Monthly profit 23050083 - Financial assets at FVTPL - current - 43,170 - 43,170 (Notes 5 and 7)
Gatetech (Suzhou) Technology Co., Monthly profit 23020046 - Financial assets at FVTPL - current - 43,066 - 43,066 (Notes 5 and 7)
Ltd. Monthly profit 23030348 - Financial assets at FVTPL - current - 64,436 - 64,436 (Notes 5 and 7)
Monthly profit 23030347 - Financial assets at FVTPL - current - 42,955 - 42,955 (Notes 5 and 7)
Suzhou Fulfil Electronics Co., Ltd. Monthly profit 23030319 - Financial assets at FVTPL - current - 77,849 - 77,849 (Notes 5 and 7)
Monthly profit 23030318 - Financial assets at FVTPL - current - 77,843 - 77,843 (Notes 5 and 7)
Monthly profit 23030317 - Financial assets at FVTPL - current - 77,840 - 77,840 (Notes 5 and 7)
Monthly profit 23030316 - Financial assets at FVTPL - current - 77,830 - 77,830 (Notes 5 and 7)
Monthly profit 23030315 - Financial assets at FVTPL - current - 77,827 - 77,827 (Notes 5 and 7)
Monthly profit 23030314 - Financial assets at FVTPL - current - 43,236 - 43,236 (Notes 5 and 7)
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(Continued)

46 -

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Note 1: The negotiable securities in the table above are the shares, bonds and mutual funds recognized under IFRS 9 - financial instruments.

Note 2: The shares are calculated based on the strike price as of June 30, 2023.

Note 3: The shares are measured using the market approach.

Note 4: The shares are measured using the asset approach.

Note 5: The structured commodity is calculated based on the value stated in its contract as of June 30, 2023.

Note 6: The mutual fund certificate is calculated based on the value stated in as of June 30, 2023

Note 7: There were no guarantees, pledged collateral or other restrictions.

Note 8: Refer to Tables 7 and 8 for information on investments in subsidiaries and associates.

(Concluded)

47 -

TABLE 4

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES ACQUIRED OR DISPOSED OF AT COSTS OR PRICES OF AT LEAST NT$300 MILLION OR 20% OF THE PAID-IN CAPITAL JUNE 30, 2023

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

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

Type and Name of Financial Statement Beginning Balance Acquisition Disposal Ending Balance
Company Name Marketable Account Counterparty Relationship Number of Amount Number of Amount Number of Amount Carrying Gain (Loss) on Number of Amount
Securities Shares Shares Shares Amount Disposal Shares
Dongguan Khuan Huang Precise Structed commodity- Financial assets at E.SUN Bank (China), - - RMB 14,971 - RMB - - RMB 15,078 RMB 15,000 RMB 78 - RMB - Note
Mold Plastic Co., Ltd. linked rate FVTPL - current Ltd.
Zhongshan Fulfil Tech. Co., Ltd. Structed commodity- Financial assets at E.SUN Bank (China), - - RMB 10,012 - RMB 65,000 - RMB 20,142 RMB 20,000 RMB 142 - RMB 55,044 Note
linked rate FVTPL - current Ltd.
Kunshan Fulfil Tech Co., Ltd. Structed commodity- Financial assets at Fubon Bank (China) - - RMB 10,018 - RMB 10,000 - RMB 10,144 RMB 10,000 RMB 144 - RMB 10,017 Note
monthly profit FVTPL - current
Gatetech (Suzhou) Technology Structed commodity- Financial assets at Fubon Bank (China) - - RMB 20,066 - RMB 35,000 - RMB 20,289 RMB 20,000 RMB 289 - RMB 35,137 Note
Co., Ltd. monthly profit FVTPL - current
Suzhou Fulfil Electronics Co., Structed commodity- Financial assets at Fubon Bank (China) - - RMB 85,028 - RMB 115,000 - RMB 100,653 RMB 100,000 RMB 653 - RMB 100,341 Note
Ltd. monthly profit FVTPL - current
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Note: The amount at the end of the period included financial asset evaluation adjustments.

48 -

TABLE 5

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

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Notes/Accounts
Transaction Details Abnormal Transaction
Receivable (Payable)
Buyer Related Party Relationship Note
Purchase/ % of % of
Amount Payment Terms Unit Price Payment Terms Ending Balance
Sale Total Total
Zhongshan Fulfil Tech. Co., Ltd. Syncmold Enterprise Corporation Parent company Sales $ (639,065) (68) Note 1 - - $ 490,910 66
Fuzhou Fulfil Tech Co., Ltd. Syncmold Enterprise Corporation Parent company Sales (215,579) (30) Note 1 - - 161,972 25
Suzhou Fulfil Electronics Co., Ltd. Syncmold Enterprise Corporation Parent company Sales (425,298) (41) Note 1 - - 310,942 36
Chongqing Fulfil Tech Co., Ltd. Syncmold Enterprise Corporation Parent company Sales (104,963) (44) Note 1 - - 42,798 26
Kunshan Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Indirect subsidiary Sales (171,422) (98) Note 1 - - 79,204 97
Syncmold Enterprise Corporation Zhongshan Fulfil Tech. Co., Ltd. Subsidiary Purchase 639,065 46 Note 1 - - (490,910) (48)
Syncmold Enterprise Corporation Fuzhou Fulfil Tech Co., Ltd. Subsidiary Purchase 215,579 15 Note 1 - - (161,972) (16)
Syncmold Enterprise Corporation Suzhou Fulfil Electronics Co., Ltd. Subsidiary Purchase 425,298 30 Note 1 - - (301,942) (30)
Syncmold Enterprise Corporation Chongqing Fulfil Tech Co., Ltd. Subsidiary Purchase 104,963 8 Note 1 - - (42,798) (4)
Suzhou Fulfil Electronics Co., Ltd. Kunshan Fulfil Tech Co., Ltd. Indirect subsidiary Purchase 171,422 4 Note 1 - - (79,204) (19)
----- End of picture text -----

Note 1: Payment terms are the same as the payment terms of non-related parties.

Note 2: All the transactions in the table above have been eliminated during the preparation of the consolidated financial statements.

49 -

TABLE 6

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL JUNE 30, 2023

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

==> picture [1096 x 217] intentionally omitted <==

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

Overdue Amount
Allowance for
Ending Balance Turnover Received in
Company Name Related Party Relationship Impairment
(Note 1) Rate Amount Actions Taken Subsequent
Loss
Period
Grand Advance Inc. Syncmold Enterprise Corporation Parent company $ 108,990 - $ - - $ 108,990 $ -
(Note 1)
Syncmold Enterprise (Samoa) Corp. Syncmold Enterprise Corporation Parent company 183,726 - - - 137,016 -
(Note 1)
- - - -
Fuzhou Fulfil Tech Co., Ltd. Syncmold Enterprise Corporation Parent company 161,972 42,142
- - - -
Zhongshan Fulfil Tech. Co., Ltd. Syncmold Enterprise Corporation Parent company 490,910 107,340
- - - -
Suzhou Fulfil Electronics Co., Ltd. Syncmold Enterprise Corporation Parent company 310,942 66,889
----- End of picture text -----

Note 1: Financing.

Note 2: All the transactions in the table above have been eliminated during the preparation of the consolidated financial statements.

50 -

TABLE 7

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTEES

FOR THE SIX MONTHS ENDED JUNE 30, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

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Original Investment Amount As of June 30, 2023 Net Income
Share of Profit
Investor Company Investee Company Location Main Businesses and Products December 31, Number of Carrying (Loss) of the Note
June 30, 2023 % (Loss)
2022 Shares Amount Investee
Syncmold Enterprise Corporation Grand Advance Inc. Samoa General investment business $ 506,240 $ 506,240 - 100.00 $ 2,933,512 $ 119,154 $ 120,508 (Note 1)
Syncmold Enterprise (Samoa) Corp. Samoa General investment business 110,598 110,598 3,546 100.00 2,148,602 7,252 8,888 (Note 1)
Syncmold Enterprise (USA) Corp. USA Trading, import and export in electronic parts 32 32 - 100.00 (4,038) (660) (660) (Note 2)
High Grade Tech Co., Ltd. Taiwan The design and sale of television hangers and related import and 36,075 36,075 2,280 35.63 146,509 36,905 13,147 (Note 2)
export businesses
Corebio Technologies Co., Ltd. Taiwan Medical technology and precision instrument wholesale and 52,000 52,000 5,200 38.29 - - - (Note 2)
retail
Smart Automation Technology Inc. Taiwan Software design services 15,680 15,680 1,568 49.00 11,718 (6,586) (3,227) (Note 2)
Leohab Enterprise Co., Ltd. Taiwan Precision hardware components manufacturing 232,677 232,677 16,620 70.00 199,191 (14,441) (10,818) (Note 2)
Gatetech Technology Inc. Taiwan Precise molding and magnesium alloy die caster manufacturing 557,356 556,063 42,432 74.05 653,674 (24,014) (18,720) (Note 1)
and transaction business
Syncmold Enterprise Vietnam Co., Ltd. Vietnam Trading, import and export and investment in electronic parts 579,944 579,944 - 100.00 492,296 (3,962) (3,962) (Note 1)
Syncmold Enterprise (Malaysia) Sdn. Malaysia Trading, import and export in electronic parts, customer support 7,192 7,192 - 100.00 3,003 977 977 (Note 2)
Bhd. and service center
Syncmold Enterprise (Singapore) Pte. Singapore Trading, import and export in electronic parts, electronic 1,100 1,100 - 100.00 5,792 191 191 (Note 2)
Ltd. components and parts design
Syncmold Enterprise (Thailand) Co., Ltd. Thailand Trading, import and export and investment in electronic parts 33,638 33,638 - 100.00 12,450 (1) (1) (Note 2)
Grand Advance Inc. Canford International Limited Samoa General investment business 119,342 119,342 - 100.00 1,395,035 47,627 47,627 (Note 2)
Fullking Development Limited Hong Kong General investment business 160,175 160,175 - 100.00 1,105,683 103,878 103,903 (Note 2)
Full Glary Holding Limited Hong Kong General investment business 259,720 259,720 - 100.00 252,825 6,508 6,406 (Note 2)
Syncmold Enterprise (Samoa) Corp. Forever Business Development Limited Samoa General investment business 125,957 125,957 - 100.00 351,934 1,218 1,920 (Note 2)
Full Celebration Limited Samoa General investment business 147,710 147,710 - 100.00 101,975 (29,034) (29,034) (Note 2)
Gatetech Technology Inc. Gatech Holdings Ltd. Samoa General investment business 647,041 647,041 20,130 100.00 581,195 (18,343) (18,343) (Note 2)
Gatech Holdings Ltd. Gatech International Ltd. Samoa General investment business 657,284 657,284 20,268 100.00 581,195 (18,343) (18,343) (Note 2)
Leohab Enterprise Co., Ltd. Sweet International Group Ltd. British Virgin General investment business 147,834 147,834 5,868 100.00 295,158 1,644 1,644 (Note 2)
Islands
Commuwell Enterprise (Thailand) Co., Thailand Plastic shot and hardware components manufacturing 132,534 132,534 1,350 100.00 236,423 9,509 9,509 (Notes 2)
Ltd.
Sweet International Group Ltd. Lucky King Holdings Ltd. Mauritius General investment business 147,834 147,834 5,868 100.00 295,156 1,644 1,644 (Note 2)
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Note 1: Calculated based on the audited financial statements of the investee company and the Corporation’s shareholding ratio.

Note 2: Calculated based on the non-reviewed financial statements of the investee company and the Group’s shareholding ratio.

Note 3: Refer to Table 8 for related information on investees from mainland China.

Note 4: The profit and loss of investments between reinvested companies, investments accounted for using the equity method, and the equity of investee companies were all eliminated during the preparation of the consolidated financial statements, except for High Grade Tech Co., Ltd., Corebio Technology Co., Ltd. and Smart Automation Technology Inc.

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TABLE 8

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTMENTS IN MAINLAND CHINA FOR THE SIX MONTHS ENDED JUNE 30, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

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Accumulated Remittance of Funds
Accumulated
Outward Accumulated
Outward % Ownership of
Remittance for Carrying Amount Repatriation of
Remittance for Net Income (Loss) Direct or Investment
Investee Company Main Businesses and Products Paid-in Capital Method of Investment Investment from as of Investment
Outward Inward Investment from of the Investee Indirect Gain (Loss)
Taiwan as of June 30, 2023 Income as of
Taiwan as of Investment
December 31, June 30, 2023
June 30, 2023
2022
Fuzhou Fulfil Tech Co., Ltd. Electronic parts processing and $ 41,765 Invested through $ 64,865 $ - $ - $ 64,865 $ 33,925 100.00 $ 33,925 $ 962,330 $ 2,462,053
manufacturing. Trading and Syncmold Enterprise (US$ 2,083 (US$ 2,083 (Note 1) (US$ 79,064
related import and export (Samoa) Corp. thousand) thousand) thousand)
business
Fujian Khuan Hua Precise Mold Processing, manufacturing, trading 106,940 Invested through 42,226 - - 42,226 3,898 100.00 3,898 237,626 -
Co., Ltd. and related import and export Syncmold Enterprise (US$ 1,356 (US$ 1,356 (Note 2)
business of various metal molds, (Samoa) Corp. thousand) thousand)
plastic molds and plastic
injection molds
Fuqing Fuqun Electronic Hardware Electronic parts processing and 56,992 Invested through - - - - (205) 100.00 (205) 144,066 121,384
Tech Co., Ltd. manufacturing. Trading and Syncmold Enterprise (Note 2) (US$ 3,898
related import and export (Samoa) Corp. thousand)
business
Dongguan Khuan Huang Precise Processing, manufacturing, trading 120,842 Invested through Forever - - - - (1,029) 100.00 (1,029) 253,104 -
Mold Plastic Co., Ltd. and related import and export Business Development (Note 2)
business of various metal molds, Limited
plastic molds and plastic
injection molds
Suzhou Fulfil Electronics Co., Ltd. Electronic parts processing and 17,835 Invested through Canford - - - - 47,626 100.00 47,626 1,395,016 1,327,498
manufacturing. Trading and International Limited (Note 1) (US$ 42,630
related import and export thousand)
business
Zhongshan Fulfil Tech. Co., Ltd. Electronic parts processing and 147,074 Invested through Fullking - - - - 103,873 100.00 103,873 1,176,189 1,784,758
manufacturing. Trading and Development Limited (Note 1) (US$ 57,314
related import and export thousand)
business
Kunshan Fulfil Tech Co., Ltd. Manufacturing and assembling of 225,844 Invested through Full 186,840 - - 186,840 6,508 100.00 6,508 252,825 -
laptops uses precise bearing, Glary Holding Limited (US$ 6,000 (US$ 6,000 (Note 2)
hardware and related accessories thousand) thousand)
Chongqing Fulfil Tech Co., Ltd. The processing, manufacturing, 134,262 Invested through Full - - - - (29,034) 100.00 (29,034) 101,963 564,381
related imports and exports of all Celebration Limited (Note 2) (US$ 18,124
electronic, plastic and hardware thousand)
parts
Gatetech (Suzhou) Technology Co., Aluminum and magnesium alloy 691,599 Invested through Gatech 756,702 - - 756,702 (18,343) 74.05 (13,544) 581,195 -
Ltd. die caster International (US$ 24,300 (US$ 24,300 (Note 2)
thousand) thousand)
Suzhou Leoho Electronics Co., Ltd. Precision hardware components 199,200 Invested through Lucky 139,445 - - 139,445 1,644 70.00 (1,151) 295,156 -
manufacturing King Holdings Ltd. (US$ 4,478 (US$ 4,478 (Note 2)
thousand) thousand)
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(Continued)

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(Concluded)

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Accumulated Outward Remittance for Upper Limit on the Amount of
Investment Amount Authorized by the
Investment in Mainland China as of Investment Stipulated by the
Investment Commission, MOEA
June 30, 2023 Investment Commission, MOEA
$1,422,320 $2,411,575 $3,359,245
(US$45,675 thousand) (US$77,443 thousand)
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Note 1: Calculated based on the audited financial statements of the investee company and the Corporation’s shareholding ratio.

Note 2: Calculated based on the non-reviewed financial statements of the investee company and the Group’s shareholding ratio.

Note 3: The profit and loss of investments between reinvested companies, investments accounted for using the equity method, and the equity of investee companies were all eliminated during the preparation of the consolidated financial statements

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TABLE 9

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

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Transaction Details % of Total
No. Relationship
Investee Company Counterparty Payment Terms Sales or Asset
(Note 1) (Note 2) Financial Statement Account Price
(Note 3)
1 Zhongshan Fulfil Tech. Co., Ltd. Syncmold Enterprise Corporation 2 Sales $ 639,065 No significant difference with non-related parties 16
Syncmold Enterprise Corporation 2 Trade receivables from related parties 490,910 No significant difference with non-related parties 4
2 Dongguan Khuan Huang Precise Mold Syncmold Enterprise Vietnam Co., Ltd. 3 Sales 19,079 No significant difference with non-related parties -
Plastic Co., Ltd. Syncmold Enterprise Vietnam Co., Ltd. 3 Trade receivables from related parties 21,782 No significant difference with non-related parties -
Zhongshan Fulfil Tech. Co., Ltd. 3 Sales 64,186 No significant difference with non-related parties 2
Zhongshan Fulfil Tech. Co., Ltd. 3 Trade receivables from related parties 33,111 No significant difference with non-related parties -
Fuzhou Fulfil Tech Co., Ltd. 3 Sales 35,439 No significant difference with non-related parties 1
Suzhou Fulfil Electronics Co., Ltd. 3 Sales 28,386 No significant difference with non-related parties 1
Suzhou Fulfil Electronics Co., Ltd. 3 Trade receivables from related parties 22,150 No significant difference with non-related parties -
3 Fuzhou Fulfil Tech Co., Ltd. Syncmold Enterprise Corporation 2 Sales 215,579 No significant difference with non-related parties 5
Syncmold Enterprise Corporation 2 Trade receivables from related parties 161,972 No significant difference with non-related parties 1
4 Fuqing Fuqun Electronic Hardware Tech Zhongshan Fulfil Tech. Co., Ltd. 3 Sales 37,805 No significant difference with non-related parties 1
Co., Ltd. Zhongshan Fulfil Tech. Co., Ltd. 3 Trade receivables from related parties 17,501 No significant difference with non-related parties -
Fuzhou Fulfil Tech Co., Ltd. 3 Sales 92,649 No significant difference with non-related parties 2
Fuzhou Fulfil Tech Co., Ltd. 3 Trade receivables from related parties 18,806 No significant difference with non-related parties -
Suzhou Fulfil Electronics Co., Ltd. 3 Sales 43,902 No significant difference with non-related parties 1
Suzhou Fulfil Electronics Co., Ltd. 3 Trade receivables from related parties 16,526 No significant difference with non-related parties -
Syncmold Enterprise Vietnam Co., Ltd. 3 Sales 24,516 No significant difference with non-related parties 1
Syncmold Enterprise Vietnam Co., Ltd. 3 Trade receivables from related parties 24,076 No significant difference with non-related parties -
5 Grand Advance Inc. Syncmold Enterprise Corporation 2 Other receivables from related parties - 108,990 Based on the contract between both parties 1
financing
Syncmold Enterprise (USA) Corp 3 Other receivables from related parties - 12,456 Based on the contract between both parties -
financing
6 Suzhou Fulfil Electronics Co., Ltd. Syncmold Enterprise Corporation 2 Sales 425,298 No significant difference with non-related parties 11
Syncmold Enterprise Corporation 2 Trade receivables from related parties 310,942 No significant difference with non-related parties 3
7 Gatetech (Suzhou) Technology Co., Ltd. Gatetech Technology Inc. 3 Sales 32,221 No significant difference with non-related parties 1
Gatetech Technology Inc. 3 Trade receivables from related parties 33,903 No significant difference with non-related parties -
8 Kunshan Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. 3 Sales 171,422 No significant difference with non-related parties 4
Suzhou Fulfil Electronics Co., Ltd. 3 Trade receivables from related parties 79,204 No significant difference with non-related parties 1
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(Continued)

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Note 1: 0 represents the parent company and the subsidiaries are numbered from 1.

Note 2: 1 represents transactions from the parent company to the subsidiaries, 2 represents transactions from the subsidiaries to the parent company, and 3 represents transactions between the subsidiaries.
Note 3: The monetary amount of the transaction is calculated based on percentage of total sales or assets. If the account is an asset or a liability, the ratio is calculated using the ending balance. If the account is in the income statement, the ratio is calculated using cumulative amount during that period.

Note 4: The disclosure standard of the table above was 10% of the specified account and reached to $10,000 thousand.

Note 5: All the transactions in the table above have been eliminated during the preparation of the consolidated financial statements.

(Concluded)

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TABLE 10

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INFORMATION ON MAJOR SHAREHOLDERS JUNE 30, 2023

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Shares
Name of Major Shareholder Number of Percentage of
Shares Ownership (%)
Chen Chiu-Lang 8,708,211 7.03
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Note 1: The information of major shareholders presented in this table is provided by the Taiwan Depository & Clearing Corporation based on the number of ordinary shares and preference shares held by shareholders with ownership of 5% or greater, that have been issued without physical registration (including treasury shares) by the Company as of the last business day for the current quarter. The share capital in the consolidated financial statements may differ from the actual number of shares that have been issued without physical registration because of different preparation basis.
Note 2: If a shareholder delivers the shareholdings to the trust, the above information will be disclosed by the individual truster who opened the trust account. For shareholders who declare insider shareholdings with ownership greater than 10% in accordance with the Security and Exchange Act, the shareholdings include shares held by shareholders and those delivered to the trust over which shareholders have rights to determine the use of trust property. For information relating to insider shareholding declaration, refer to Market Observation Post System.
56 -

AI assistant

SYNCMOLD — Interim / Quarterly Report 2023

51868_rns_2023-12-22_8f8fe94c-ff70-4e2c-b9e8-0e1eef4af128.pdf

Syncmold Enterprise Corporation and Subsidiaries

INDEPENDENT AUDITORS’ REVIEW REPORT

Introduction

Scope of Review

Basis for Qualified Conclusion

Qualified Conclusion

Notice to Readers

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Thousands of New Taiwan Dollars)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

1. GENERAL INFORMATION

2. APPROVAL OF FINANCIAL STATEMENTS

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

New, Amended and Revised Standards and Interpretations

Effective Date Announced by IASB (Note 1)

4. SUMMARY OF MATERIAL ACCOUNTING POLICY INFORMATION

c. Basis of consolidation

1) Retirement benefits

2) Income tax expense

5. MATERIAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

6. CASH AND CASH EQUIVALENTS

7. FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

8. FINANCIAL ASSETS AT AMORTIZED COST

9. TRADE RECEIVABLES, NET

June 30, 2023

10. INVENTORIES

11. SUBSIDIARIES

12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

13. PROPERTY, PLANT AND EQUIPMENT

14. LEASE ARRANGEMENTS

b. Lease liabilities

c. Subleases

d. Other lease information

15. INTANGIBLE ASSETS

16. GOODWILL

17. BORROWINGS

18. BONDS PAYABLE

19. OTHER PAYABLES

20. RETIREMENT BENEFIT PLANS

21. EQUITY

Ordinary shares

e. Non-controlling interests

22. NET PROFIT

a. Depreciation, amortization and employee benefits expense:

Accrual rate

Amount

23. INCOME TAXES

b. Income tax assessments

24. EARNINGS PER SHARE

Net Profit for the Period

Shares

25. FINANCIAL INSTRUMENTS

26. FINANCIAL INSTRUMENTS

June 30, 2023

June 30, 2023

December 31, 2022

1) Market risk

a) Foreign currency risk

Sensitivity analysis

Sensitivity analysis

c) Other price risk

Sensitivity analysis

2) Credit risk

3) Liquidity risk

Financing facilities

SYNCMOLD Interim / Quarterly Report 2023