Syncmold Enterprise Corporation and Subsidiaries

Consolidated Financial Statements for the Nine Months Ended September 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 September 30, 2023 and 2022, the related consolidated statements of comprehensive income for the three months ended September 30, 2023 and 2022 and for the nine months ended September 30, 2023 and 2022, the consolidated statements of changes in equity and cash flows for the nine months then ended, and the related notes to the consolidated financial statements, including material accounting policy information (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 September 30, 2023 and 2022, the combined total assets of these non-significant subsidiaries were NT$3,162,178 thousand and NT$3,914,450 thousand, respectively, representing 25.55% and 32.56%, respectively, of the consolidated total assets, and the combined total liabilities of these subsidiaries were NT$1,444,905 thousand and NT$1,464,864 thousand, respectively, representing 23.05% and 24.09%, respectively, of the consolidated total liabilities; for the three months ended September 30, 2023 and 2022, the amounts of combined comprehensive income (loss) of these subsidiaries were NT$74,266 thousand and NT$(217,119) thousand, respectively, representing 14.69% and (78.32%), respectively, of the consolidated total comprehensive income; for the nine months ended September 30, 2023 and 2022, the amounts of combined comprehensive income (loss) of these subsidiaries were NT$(103,233) thousand and NT$(441,816) thousand, respectively, representing (17.34%) and (71.34%), respectively, of the consolidated total comprehensive income. In addition, as disclosed in Note 12 to the consolidated

financial statements, as of September 30, 2023 and 2022, the amounts of investments accounted for using the equity method were NT$170,362 thousand and NT$161,595 thousand, respectively; for the three months ended September 30, 2023 and 2022, the shares of profit of associates amounted to NT$12,135 thousand and NT$13,228 thousand, respectively; for the nine months ended September 30, 2023 and 2022, the shares of profit of associates amounted to NT$29,634 thousand and NT$20,772 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 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 September 30, 2023 and 2022, its consolidated financial performance for the three months ended September 30, 2023 and 2022, and its consolidated financial performance and its consolidated cash flows for the nine months ended September 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

November 3, 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 (Note 27) 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) Notes payable 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) Current portion of bonds payable (Note 18) Other current liabilities Total current liabilities NON-CURRENT LIABILITIES Bonds payable (Note 18) Long-term borrowings (Notes 17 and 28) Deferred tax liabilities (Note 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 translating 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		September 30, 2023 Amount % $ 3,094,495 25 1,217,712 10 581,123 5 235,578 2 2,749,194 22 776,577 6 287,875 2 8,942,554 72 98,095 1 3,261 - 170,362 1 2,156,046 18 472,811 4 48,771 - 324,597 3 90,838 1 27,324 - 31,414 - 6,416 - 1,567 - 3,431,502 28 $ 12,374,056 100 $ 1,673,701 13 2,003,079 16 566,068 5 105,197 1 142,900 1 16,480 - 1,188,003 10 11,255 - 5,706,683 46 - - 191,912 2 221,283 2 125,395 1 6,399 - 565 - 17,393 - 562,947 5 6,269,630 51 1,237,258 10 2,361,889 19 1,064,029 9 518,796 4 977,940 8 2,560,765 21 (382,985) (3) 855 - (382,130) (3) 5,777,782 47 326,644 2 6,104,426 49 $ 12,374,056 100		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		September 30, 2022
						Amount % $ 2,988,855 25 327,505 3 336,736 3 279,593 2 3,044,517 25 902,382 7 465,222 4 8,344,810 69 56,309 1 2,282 - 161,595 1 2,209,391 18 668,807 6 61,376 1 324,597 3 101,796 1 46,293 - 41,535 - 2,898 - 522 - 3,677,401 31 $ 12,022,211 100 $ 1,395,000 12 1,966,669 16 554,457 5 86,672 1 187,004 1 26,490 - - - 18,966 - 4,235,258 35 1,175,567 10 181,868 2 184,682 2 277,407 2 10,109 - 933 - 15,555 - 1,846,121 16 6,081,379 51 1,237,242 10 2,361,070 20 1,026,386 8 687,191 6 719,984 6 2,433,561 20 (418,556) (4) (5,817) - (424,373) (4) 5,607,500 46 333,332 3 5,940,832 49 $ 12,022,211 100

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

(With Deloitte & Touche review report dated November 3, 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 September 30	For the Three Months Ended September 30	For the Three Months Ended September 30		For the Nine Months	Ended September 30	Ended September 30
		2023		2022		2023		2022
		Amount % $ 2,516,105 100 1,887,027 75 629,078 25 73,934 3 188,088 7 48,114 2 139 - 310,275 12 318,803 13 4,194 - (1,909 ) - 21,001 1 34,687 1 10,506 - 9,137 - (14,581 ) - - - 63,035 2 381,838 15 126,520 5 255,318 10		Amount % $ 2,457,801 100 2,053,061 84 404,740 16 77,037 3 222,300 9 45,970 2 2,033 - 347,340 14 57,400 2 8,091 - (7,524 ) - 8,747 - 172,091 7 1,222 - 17,934 1 (13,699 ) - - - 186,862 8 244,262 10 76,865 3 167,397 7		Amount % $ 6,508,760 100 5,145,917 79 1,362,843 21 218,056 3 521,388 8 138,544 2 757 - 878,745 13 484,098 8 20,441 - (4,232 ) - 64,571 1 91,752 2 55,376 1 19,057 - (41,529 ) (1 ) - - 205,436 3 689,534 11 237,463 4 452,071 7		Amount % $ 8,026,301 100 6,761,215 84 1,265,086 16 250,356 3 609,922 8 141,530 2 3,008 - 1,004,816 13 260,270 3 31,484 - (41,223 ) - 17,887 - 329,335 4 (12,110 ) - 37,960 - (38,141 ) - (19,835) - 305,357 4 565,627 7 217,220 3 348,407 4 (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 September 30	For the Three Months Ended September 30	For the Nine Months	Ended September 30
2023	2022	2023	2022
Amount % $ 2,998 - 247,368 10 250,366 10 $ 505,684 20 $ 251,677 10 3,641 - $ 255,318 10 $ 493,454 20 12,230 - $ 505,684 20 $ 2.03 $ 1.76	Amount % $ (4,706 ) - 114,522 4 109,816 4 $ 277,213 11 $ 161,470 7 5,927 - $ 167,397 7 $ 269,248 11 7,965 - $ 277,213 11 $ 1.31 $ 1.14	Amount % $ 10,577 - 132,800 2 143,377 2 $ 595,448 9 $ 459,737 7 (7,666) - $ 452,071 7 $ 601,922 9 (6,474) - $ 595,448 9 $ 3.72 $ 3.23	Amount % $ (17,188 ) - 288,050 4 270,862 4 $ 619,269 8 $ 343,308 4 5,099 - $ 348,407 4 $ 606,125 8 13,144 - $ 619,269 8 $ 2.77 $ 2.45

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

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

(With Deloitte & Touche review report dated November 3, 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) - - 343,308 - 343,308 $ 2,433,561 $ 2,466,681 - - (371,172) (371,172) - 459,737 - 459,737 - - 5,519 $ 2,560,765	Other Equity	Total Other Equity $ (687,190) - - - - - - - 262,817 262,817 $ (424,373) $ (518,796) - - - - - - 142,185 142,185 - - (5,519) $ (382,130)
			Exchange Differences on Translating of the Financial Statements of Unrealized Gain (Loss) on Financial Assets at Fair Value Through Other Foreign Operations Comprehensive Income $ (698,561) $ 11,371 - - - - - - - - - - - - - - 280,005 (17,188) 280,005 (17,188) $ (418,556) $ (5,817) $ (514,593) $ (4,203) - - - - - - - - - - - - 131,608 10,577 131,608 10,577 - - - - - (5,519) $ (382,985) $ 855
	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) - - - - - - - - 343,308 - - - - - 343,308 $ 1,026,386 $ 687,191 $ 719,984 $ 1,026,386 $ 687,191 $ 753,104 37,643 - (37,643 ) - (168,395 ) 168,395 - - (371,172) 37,643 (168,395) (240,420) - - - - - 459,737 - - - - - 459,737 - - - - - - - - 5,519 $ 1,064,029 $ 518,796 $ 977,940

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

(With Deloitte & Touche review report dated November 3, 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 Impairment loss on investments accounted for using the equity method (Reversal) of write - downs of inventories Net unrealized loss (gain) on foreign currency exchange Gain on lease modification Changes in operating assets and liabilities Notes receivable Trade receivables Inventories Other 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 Decrease in refundable deposits		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ 689,534 312,453 17,009 757 (55,376) 41,529 (64,571) (5,089) (19,057) 9,998 13 - (9,246) 27,009 (11,654) (48,468) (661,147) 150,712 93,648 437,624 17,275 (37,456) (599) 901 885,799 (31,215) (139,507) 715,077 (479,369) 149,843 (2,051,459) 1,581,520 (151,854) 3,602 12,925	2022 $ 565,627 347,628 18,557 3,008 12,110 38,141 (17,887) (11,703) (37,960) 11,308 29 19,835 30,346 (92,988) - 87,329 650,545 372,563 25,760 (391,795) 128,037 11,982 (1,567) 1,420 1,770,325 (28,355) (266,224) 1,475,746 (199,485) 222,258 (708,590) 531,680 (178,125) 35,654 1,153 (Continued)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands of New Taiwan Dollars)

Payments for intangible assets (Increase) decrease in other non-current assets Increase in prepayments for equipment Interest received Dividends received Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES 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 Cash dividends Acquisition of additional interests in subsidiaries Net cash used in financing activities EFFECTS OF EXCHANGE RATE CHANGES ON THE BALANCE OF CASH 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 Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ (6,065) (1,300) (15,613) 62,958 32,449 (862,363) 193,258 27,420 (12,322) (368) (130,832) (371,172) (1,293) (295,309) 26,725 (415,870) 3,510,365 $ 3,094,495	2022 $ (25,451) 4,323 (10,013) 17,887 23,103 (285,606) 496,268 10,000 (12,372) (515) (172,484) (655,738) - (334,841) 74,019 929,318 2,059,537 $ 2,988,855

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

(With Deloitte & Touche review report dated November 3, 2023)

(Concluded)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

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

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 market (OTC) 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 November 3, 2023.

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

a. Initial application of the amendments to the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) (collectively, the “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 a material impact on the Group’s accounting policies.

b. The IFRSs endorsed by the FSC for application starting from 2024

New, Amended and Revised Standards and Interpretations Amendments to IFRS 16”Leases Liability in a Sale and Leaseback” Amendments to IAS 1 “Classification of Liabilities as Current or Non-current” Amendments to IAS 1 “Non-current Liabilities with Covenants” Amendments to IAS 7 and IFRS 7 “Supplier Finance Arrangements”	Effective Date Announced by IASB (Note 1)
	January 1, 2024 (Note 2) January 1, 2024 January 1, 2024 January 1, 2024 (Note 3)

Note 1: Unless stated otherwise, the above IFRSs will be effective for annual reporting periods beginning on or after their respective effective dates.
9 -
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 amendments provide some transition relief regarding disclosure requirements.

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.

c. 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” 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” Amendments to IAS 21 “Lack of Exchangeability” January 1, 2025 (Note 2)

Note 1: Unless stated otherwise, the above IFRSs are effective for annual reporting periods beginning on or after their respective effective dates.
Note 2: An entity shall apply those amendments for annual reporting periods beginning on or after January 1, 2025. Upon initial application of the amendments, the entity recognizes any effect as an adjustment to the opening balance of retained earnings. When the entity uses a presentation currency other than its functional currency, it shall, at the date of initial application, recognize any effect as an adjustment to the cumulative amount of translation differences in equity.

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.

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

1) Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;
2) Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for 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.
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 material accounting judgments and key sources of estimation uncertainty, refer to the consolidated financial statements for the year ended December 31, 2022.

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6. CASH AND CASH EQUIVALENTS

September 30,
2023
December 31,
2022
September 30,
2022
Cash on hand
$ 1,982
$ 2,225
$ 2,467
Checking accounts and demand deposits
2,011,241
2,363,885
2,154,855
Cash equivalents
Time deposits with original maturities within 3
months

1,081,272

1,144,255

831,533
$ 3,094,495
$ 3,510,365
$ 2,988,855
FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS
September 30,
2023
December 31,
2022
September 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
$ 70,495
$ 86,154
$ 80,445
Mutual fund
203,238
-
-
Hybrid financial assets
Structured deposits (Note)

943,979

617,967

247,060
$ 1,217,712
$ 704,121
$ 327,505
Financial assets at FVTPL-non-current
Financial assets mandatorily classified as at
FVTPL
Non-derivative financial assets
Domestic emerging market shares
$ 35,070
$ 20,482
$ 15,170
Domestic unlisted shares
20,999
-
-
Overseas unlisted shares
25,299
28,725
32,559
Private funds

16,727

14,283

8,580
$ 98,095
$ 63,490
$ 56,309

Note: The Group successively entered into 1- to 6-month structured time deposit contracts with bank for the nine months ended September 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.

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8. FINANCIAL ASSETS AT AMORTIZED COST

	September 30,	September 30,	December	December	31,	September	September	30,
		2023		2022			2022
Current
Time deposits with original maturities of more
than 3 months	$	579,797	$	238,110		$	336,736
Time deposits pledged as collateral with original
maturities of more than 3 months		1,326			-			-
	$	581,123	$	238,110		$	336,736
Non-current
Time deposits with original maturities of more
than 1 year	$	3,261	$	3,272		$	2,282

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

9. TRADE RECEIVABLES, NET

	September 30,	December 31,	September 30,
	2023	2022	2022
At amortized cost
Gross carrying amount	$ 2,756,831	$ 1,976,706	$ 3,052,683
Less: Allowance for impairment loss	(7,637)	(6,907)	(8,166)
	$ 2,749,194	$ 1,969,799	$ 3,044,517

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, 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 experience 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.

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.

13 -

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

September 30, 2023

Not Past Due Expected credit loss rate - Gross carrying amount $ 2,693,950 Loss allowance (Lifetime ECLs) - Amortized cost $ 2,693,950 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 September 30, 2022 Not Past Due Expected credit loss rate - Gross carrying amount $ 2,989,615 Loss allowance (Lifetime ECLs) - Amortized cost $ 2,989,615	Less than 30 Days 31 to 90 Days 1.63% 2.76% $ 43,596 $ 12,208 (710) (337) $ 42,886 $ 11,871 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 1.49% 3.46% $ 33,908 $ 12,991 (504) (449) $ 33,404 $ 12,542	91 to 180 Days 65.77% $ 447 (294) $ 153 91 to 180 Days 38.52% $ 2,258 (870) $ 1,388 91 to 180 Days 36.45% $ 14,054 (5,122) $ 8,932	Over 180 Days 94.96% $ 6,630 (6,296) $ 334 Over 180 Days 100% $ 2,136 (2,136) $ - Over 180 Days 98.87% $ 2,115 (2,091) $ 24	Total $ 2,756,831 (7,637) $ 2,749,194 Total $ 1,976,706 (6,907) $ 1,969,799 Total $ 3,052,683 (8,166) $ 3,044,517

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 September 30		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ 6,907 757 (27) $ 7,637	2022 $ 5,071 3,008 87 $ 8,166

14 -

10. INVENTORIES

	September 30,	December 31,	September 30,
	2023	2022	2022
Finished goods	$ 308,416	$ 374,665	$ 368,024
Work in progress	160,731	210,740	225,050
Raw materials	307,430	322,580	309,308
	$ 776,577	$ 907,985	$ 902,382

The cost of goods sold for the three months ended September 30, 2023 and for the nine months ended September 30, 2023, included reversals of inventory of $3,668 thousand and $9,246 thousand, respectively. The cost of goods sold for the three months ended September 30, 2022 and for the nine months ended September 30, 2022, included inventory write-downs of $8,878 thousand and $30,346 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.
General investment business.
Syncmold Enterprise (Samoa)
Corp.
General investment business.
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
General investment business.
Fullking Development Limited General investment business.
Full Glary Holding Limited
General investment business.
Syncmold Enterprise
(Samoa) Corp.
Full Big Limited
General investment business.
Forever Business Development
Limited
General investment business.
Full Celebration Limited
General investment 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.
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 (%)
September 30,
2023
December 31,
2022
September 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 5
100.00
100.00
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 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 3
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
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 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

15 -
Note 1: Its financial statements for the nine months ended September 30, 2023 and 2022 have been reviewed.
Note 2: As the subsidiary is not a major subsidiary, its financial statements for the nine months ended September 30, 2023 and 2022 have not been reviewed.
Note 3: 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 nine months ended September 30, 2022 have not been reviewed.
Note 4: Since the subsidiary is a major subsidiary, its financial statements for the nine months ended September 30, 2023 have been reviewed. Its financial statements for the nine months ended September 30, 2022 have not been reviewed.
Note 5: 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 September 30, 2023. Refer to Note 25 for detailed information on the acquisition of non-controlling interests during 2023.

12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

	September 30,	December 31,	September 30,
	2023	2022	2022
Associates that are not individually material
Unlisted company
High Grade Tech Co., Ltd.	$ 159,012	$ 153,143	$ 149,901
Corebio Technologies Co., Ltd. (Note)	-	-	-
Smart Automation Technology Inc.	11,350	14,945	11,694
	$ 170,362	$ 168,088	$ 161,595

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

16 -

13. PROPERTY, PLANT AND EQUIPMENT

Cost Balance at January 1, 2023 Additions Disposals Transfer from prepayments for equipment Reclassifications Effects of foreign currency exchange differences Balance at September 30, 2023 Accumulated depreciation and impairment Balance at January 1, 2023 Depreciation expense Disposals Reclassifications Effects of foreign currency exchange differences Balance at September 30, 2023 Carrying amount at September 30, 2023 Cost Balance at January 1, 2022 Additions Disposals Transfer from prepayments for equipment Reclassifications Effects of foreign currency exchange differences Balance at September 30, 2022 Accumulated depreciation and impairment Balance at January 1, 2022 Depreciation expense Disposals Reclassifications Effects of foreign currency exchange differences Balance at September 30, 2022 Carrying amount at September 30, 2022	Freehold Land $ 770,826 23,069 - - - (862) $ 793,033 $ - - - - - $ - $ 793,033 $ 770,538 - - - - 46 $ 770,584 $ - - - - - $ - $ 770,584	Buildings $ 1,267,421 61,467 (11,362 ) 4,075 - 9,179 $ 1,330,780 $ 568,575 60,770 (11,211 ) - 4,653 $ 622,787 $ 707,993 $ 924,441 8,794 (6,297 ) 495 (1,192 ) 16,628 $ 942,869 $ 483,380 54,850 (6,297 ) 3 10,858 $ 542,794 $ 400,075	Equipment Transportation Equipment $ 1,558,758 $ 54,595 44,813 485 (44,066 ) (397 ) 9,130 - (855 ) - 12,135 730 $ 1,579,915 $ 55,413 $ 1,012,084 $ 29,490 84,045 3,719 (32,224 ) (357 ) (202 ) - 7,352 372 $ 1,071,055 $ 33,224 $ 508,860 $ 22,189 $ 1,581,096 $ 41,549 88,649 1,021 (184,010 ) (4,540 ) 51,270 - (3,934 ) 1,251 40,396 1,125 $ 1,573,467 $ 40,406 $ 1,045,195 $ 28,462 84,892 2,861 (145,718 ) (3,899 ) 482 791 24,889 753 $ 1,009,740 $ 28,968 $ 563,727 $ 11,438	Office Equipment $ 63,176 1,445 (4,544 ) - (52 ) 687 $ 60,712 $ 39,192 7,224 (4,284 ) (40 ) 502 $ 42,594 $ 18,118 $ 63,002 6,280 (3,896 ) - (5,538 ) 1,293 $ 61,141 $ 36,460 6,907 (3,588 ) (3,386 ) 823 $ 37,216 $ 23,925	Other Equipment Property Under Construction $ 254,785 $ - 20,575 - (10,077 ) - 369 - (391 ) - 2,865 - $ 268,126 $ - $ 139,080 $ - 30,625 - (8,770 ) - (256 ) - 1,594 - $ 162,273 $ - $ 105,853 $ - $ 212,698 $ 268,260 14,863 58,518 (18,348 ) - 2,690 - 5,204 - 4,914 30,815 $ 222,021 $ 357,593 $ 118,878 $ - 26,080 - (10,627 ) - 3,005 - 2,636 - $ 139,972 $ - $ 82,049 $ 357,593	Total $ 3,969,561 151,854 (70,446 ) 13,574 (1,298 ) 24,734 $ 4,087,979 $ 1,788,421 186,383 (56,846 ) (498 ) 14,473 $ 1,931,933 $ 2,156,046 $ 3,861,584 178,125 (217,091 ) 54,455 (4,209 ) 95,217 $ 3,968,081 $ 1,712,375 175,590 (170,129 ) 895 39,959 $ 1,758,690 $ 2,209,391

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.

17 -

14. LEASE ARRANGEMENTS

a. Right-of-use assets

Carrying amount Lands Buildings Transportation equipment Machinery equipment 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)	September 30, 2023 December 31, 2022 September 30, 2022 $ 179,275 $ 181,133 $ 185,179 292,347 400,982 477,534 1,189 1,441 1,268 - - 4,826 $ 472,811 $ 583,556 $ 668,807 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 46,570 $ 69,363 $ 1,239 $ 1,240 $ 3,694 $ 3,660 37,911 56,394 121,706 167,124 231 240 670 819 - 327 - 435 $ 39,381 $ 58,201 $ 126,070 $ 172,038 $ - $ (154) $ (1,613) $ (449)	September 30, 2023 December 31, 2022 September 30, 2022 $ 179,275 $ 181,133 $ 185,179 292,347 400,982 477,534 1,189 1,441 1,268 - - 4,826 $ 472,811 $ 583,556 $ 668,807 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 46,570 $ 69,363 $ 1,239 $ 1,240 $ 3,694 $ 3,660 37,911 56,394 121,706 167,124 231 240 670 819 - 327 - 435 $ 39,381 $ 58,201 $ 126,070 $ 172,038 $ - $ (154) $ (1,613) $ (449)	September 30, 2023 December 31, 2022 September 30, 2022 $ 179,275 $ 181,133 $ 185,179 292,347 400,982 477,534 1,189 1,441 1,268 - - 4,826 $ 472,811 $ 583,556 $ 668,807 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 46,570 $ 69,363 $ 1,239 $ 1,240 $ 3,694 $ 3,660 37,911 56,394 121,706 167,124 231 240 670 819 - 327 - 435 $ 39,381 $ 58,201 $ 126,070 $ 172,038 $ - $ (154) $ (1,613) $ (449)	September 30, 2023 December 31, 2022 September 30, 2022 $ 179,275 $ 181,133 $ 185,179 292,347 400,982 477,534 1,189 1,441 1,268 - - 4,826 $ 472,811 $ 583,556 $ 668,807 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 46,570 $ 69,363 $ 1,239 $ 1,240 $ 3,694 $ 3,660 37,911 56,394 121,706 167,124 231 240 670 819 - 327 - 435 $ 39,381 $ 58,201 $ 126,070 $ 172,038 $ - $ (154) $ (1,613) $ (449)	September 30, 2023 December 31, 2022 September 30, 2022 $ 179,275 $ 181,133 $ 185,179 292,347 400,982 477,534 1,189 1,441 1,268 - - 4,826 $ 472,811 $ 583,556 $ 668,807 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 46,570 $ 69,363 $ 1,239 $ 1,240 $ 3,694 $ 3,660 37,911 56,394 121,706 167,124 231 240 670 819 - 327 - 435 $ 39,381 $ 58,201 $ 126,070 $ 172,038 $ - $ (154) $ (1,613) $ (449)	September 30, 2023 December 31, 2022 September 30, 2022 $ 179,275 $ 181,133 $ 185,179 292,347 400,982 477,534 1,189 1,441 1,268 - - 4,826 $ 472,811 $ 583,556 $ 668,807 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 46,570 $ 69,363 $ 1,239 $ 1,240 $ 3,694 $ 3,660 37,911 56,394 121,706 167,124 231 240 670 819 - 327 - 435 $ 39,381 $ 58,201 $ 126,070 $ 172,038 $ - $ (154) $ (1,613) $ (449)
		2023 $ 1,239 37,911 231 - $ 39,381 $ -			2023 $ 46,570 $ 3,694 121,706 670 - $ 126,070 $ (1,613)	2022 $ 69,363 $ 3,660 167,124 819 435 $ 172,038 $ (449)

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

b. Lease liabilities

	September 30,	December 31,	September 30,
	2023	2022	2022
Carrying amount
Current	$ 142,900	$ 158,482	$ 187,004
Non-current	$ 125,395	$ 238,775	$ 277,407
Range of discount rates for lease	liabilities was as follows:

	September 30,	December 31,	September 30,
	2023	2022	2022
Buildings	0.81%-4.90%	0.81%-4.90%	0.81%-4.90%
Transportation equipment	0.94%-1.71%	0.94%-4.55%	0.94%-4.55%
Machinery equipment	-	4.75%	4.75%

18 -

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.

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

Year 1 Year 2 Other lease information Expenses relating to short-term leases Total cash outflow for leases	September 30, 2023 December 31, 2022 September 30, 2022 $ - $ 6,368 $ 99 - 4,245 - $ - $ 10,613 $ 99 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 3,765 $ 1,815 $ 10,118 $ 11,129 $ (149,643) $ (202,568)	September 30, 2023 December 31, 2022 September 30, 2022 $ - $ 6,368 $ 99 - 4,245 - $ - $ 10,613 $ 99 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 3,765 $ 1,815 $ 10,118 $ 11,129 $ (149,643) $ (202,568)	September 30, 2023 December 31, 2022 September 30, 2022 $ - $ 6,368 $ 99 - 4,245 - $ - $ 10,613 $ 99 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 3,765 $ 1,815 $ 10,118 $ 11,129 $ (149,643) $ (202,568)	September 30, 2023 December 31, 2022 September 30, 2022 $ - $ 6,368 $ 99 - 4,245 - $ - $ 10,613 $ 99 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 3,765 $ 1,815 $ 10,118 $ 11,129 $ (149,643) $ (202,568)	September 30, 2023 December 31, 2022 September 30, 2022 $ - $ 6,368 $ 99 - 4,245 - $ - $ 10,613 $ 99 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 3,765 $ 1,815 $ 10,118 $ 11,129 $ (149,643) $ (202,568)	September 30, 2023 December 31, 2022 September 30, 2022 $ - $ 6,368 $ 99 - 4,245 - $ - $ 10,613 $ 99 For the Three Months Ended September 30 For the Nine Months Ended September 30 2023 2022 2023 2022 $ 3,765 $ 1,815 $ 10,118 $ 11,129 $ (149,643) $ (202,568)
		2023 $ 3,765			2023 $ 10,118 $ (149,643)	2022 $ 11,129 $ (202,568)

d. Other lease information

The Group’s leases of certain building 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

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2023		2022		2022
Trademarks	$	27	$	33	$	38
Computer software		48,104		58,503		60,607
Patents		640		710		731
	$	48,771	$	59,246	$	61,376

Except for the recognized amortization, the Group did not have any significant additions, disposals or impairment of intangible assets during the nine months ended September 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

19 -

16. GOODWILL

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2023		2022		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

17. BORROWINGS

a. Short-term borrowings

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2023		2022		2022
Secured borrowings (Note 28)
Mortgage loans	$	289,722	$	387,682	$	385,000
Unsecured borrowings
Line of credit borrowings		1,383,979		1,089,681		1,010,000
	$	1,673,701	$	1,477,363	$	1,395,000

The range of interest rate on bank loans was 1.72%-5.96%, 1.49%-5.00% and 1.08%-1.50% as of September 30, 2023, December 31, 2022 and September 30, 2022, respectively.

b. Long-term borrowings

	September 30,	December 31,	September 30,
	2023	2022	2022
Secured borrowings (Note 28)
Mortgage loans	$ 208,392	$ 194,247	$ 208,358
Less: Current portion	(16,480)	(16,476)	(26,490)
	$ 191,912	$ 177,771	$ 181,868

The effective interest rate on long-term borrowings was 1.70%-1.80%, 1.45%-1.55% and 1.28%-1.41% as of September 30, 2023, December 31, 2022 and September 30, 2022, respectively.

20 -

18. BONDS PAYABLE

	September 30,	September 30,	December 31,	September 30,
		2023	2022	2022
Domestic third unsecured convertible bonds	$	1,188,003	$ 1,178,724	$ 1,175,567
Less: Current portion		(1,188,003)	-	-
	$	-	$ 1,178,724	$ 1,175,567

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$58.5 per share on September 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 Company 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 (included in financial assets at FVTPL - non-current); non-derivative product liabilities have been measured at NT$1,188,003 thousand, NT$1,178,724 thousand and NT$1,175,567 thousand (included in bonds payable and current portion of bonds payable) at amortized cost on September 30, 2023, December 31, 2022 and September 30, 2022, respectively at an original effective interest rate of 1.0663%.

21 -

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 FVTPL - non-current)
Interest charged at an effective interest rate of 1.0663%
Loss on valuation of financial instruments

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 September 30, 2023

$ 1,337,453

(175,396)
1,162,057
16,307

360
1,178,724
9,378

(99)
$ 1,188,003

As of September 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

	September 30,	December 31,	September 30,
	2023	2022	2022
Other payables
Payables for salaries or bonuses	$ 293,174	$ 204,625	$ 231,431
Others	272,894	349,217	323,026
	$ 566,068	$ 553,842	$ 554,457

20. RETIREMENT BENEFIT PLANS

For the three months ended September 30, 2023 and 2022 and for the nine months ended September 30, 2023 and 2022, the pension expenses of defined benefit plans were $108 thousand, $117 thousand, $327 thousand and $333 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

	September 30,	December 31,	September 30,
	2023	2022	2022
Number of shares authorized (in thousands)	200,000	200,000	200,000
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
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.

22 -

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

b. Capital surplus

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2023		2022		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 after the amendment, refer to compensation of employees and remuneration of directors in Note 22-b.

23 -

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 ratio 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	For the Year Ended	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 Appropriations to special reserve (Reversals of) debits to other equity items Balance at September 30		For the Nine Months Ended September 30	For the Nine Months Ended September 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.

24 -

e. Non-controlling interests

Balance at January 1 Share of profit or loss for the period Other comprehensive income (loss) during the period Exchange differences on translating the financial statements of foreign operations Changes in ownership interests in subsidiaries (Note 25) Balance at September 30		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ 335,132 (7,666) 1,192 (2,014) $ 326,644	2022 $ 320,188 5,099 8,045 - $ 333,332

22. NET PROFIT

a. Depreciation, amortization and employee benefits expense:

	For the Three Months Ended September 30	For the Three Months Ended September 30	For the Three Months Ended September 30	For the Three Months Ended September 30	For the Three Months Ended September 30
	2023	Total $ 25,037 108 516,847 $ 541,992 $ 100,811 $ 5,481 Nine Months			2022
Operating Costs $ 17,751 57 363,112 $ 380,920 $ 71,456 $ 756	Operating Expenses $ 7,286 51 153,735 $ 161,072 $ 29,355 $ 4,725 For the		Operating Costs Operating Expenses $ 19,300 $ 5,206 63 54 384,779 175,856 $ 404,142 $ 181,116 $ 79,789 $ 37,580 $ 800 $ 5,588 Ended September 30			Total $ 24,506 117 560,635 $ 585,258 $ 117,369 $ 6,388
	2023	Total $ 68,630 327 1,433,825 $ 1,502,782 $ 312,453 $ 17,009			2022
Operating Costs $ 51,702 173 1,006,450 $ 1,058,325 $ 219,160 $ 2,243	Operating Expenses $ 16,928 154 427,375 $ 444,457 $ 93,293 $ 14,766			Operating Costs $ 56,372 182 1,274,734 $ 1,331,288 $ 239,786 $ 2,134	Operating Expenses $ 16,206 151 473,366 $ 489,723 $ 107,842 $ 16,423	Total $ 72,578 333 1,748,100 $ 1,821,011 $ 347,628 $ 18,557

25 -
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 September 30, 2023 and 2022 and for the nine months ended September 30, 2023 and 2022, respectively, are as follows:

Accrual rate

Compensation of employees Remuneration of directors Amount	For the Nine Months Ended September 30
	2023 2022 8.82% 8.87% 1.99% 1.95%

Compensation of employees Remuneration of directors	For the Three Months Ended September 30 2023 2022 $ 29,699 $ 18,465 $ 6,837 $ 4,054	For the Three Months Ended September 30 2023 2022 $ 29,699 $ 18,465 $ 6,837 $ 4,054	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ 29,699 $ 6,837		2023 $ 54,267 $ 12,230	2022 $ 40,055 $ 8,793

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	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 resolved by the Corporation’s board of directors is available at the Market Observation Post System website of the Taiwan Stock Exchange.

26 -

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 September 30 2023 2022 $ 79,586 $ 67,703 - - 3 8,533 79,589 76,236 45,351 (196) 1,580 825 46,931 629 $ 126,520 $ 76,865	For the Three Months Ended September 30 2023 2022 $ 79,586 $ 67,703 - - 3 8,533 79,589 76,236 45,351 (196) 1,580 825 46,931 629 $ 126,520 $ 76,865	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ 79,586 - 3 79,589 45,351 1,580 46,931 $ 126,520		2023 $ 142,835 5,898 8,748 157,481 81,336 (1,354) 79,982 $ 237,463	2022 $ 185,502 - 20,236 205,738 19,101 (7,619) 11,482 $ 217,220

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 2021 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

Earnings used in the computation of diluted earnings per share Effect of potentially dilutive ordinary shares Convertible bonds	For the Three Months Ended September 30 2023 2022 $ 251,677 $ 161,470 3,165 3,132 $ 254,842 $ 164,602	For the Three Months Ended September 30 2023 2022 $ 251,677 $ 161,470 3,165 3,132 $ 254,842 $ 164,602		For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ 251,677 3,165 $ 254,842		2023 $ 459,737 9,378 $ 469,115	2022 $ 343,308 9,639 $ 352,947

27 -

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 September 30 2023 2022 123,726 123,724 20,511 19,481 849 633 145,086 143,838	For the Three Months Ended September 30 2023 2022 123,726 123,724 20,511 19,481 849 633 145,086 143,838	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 123,726 20,511 849 145,086		2023 123,725 20,511 1,035 145,271	2022 123,724 19,481 753 143,958

The Group may settle the compensation paid to employees in cash or shares; therefore, the Group assumes that the entire amount of the compensation 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 Nine	For the Nine
		Months
		Ended
	September 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

28 -

26. FINANCIAL INSTRUMENTS

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

	Fair Value	Fair Value
Level 1 $ 1,352,407	Level 2 Level 3 $ - $ - Fair Value		Total $ 1,352,407
Level 1 $ 1,229,880	Level 2 Level 3 $ - $ - Fair Value		Total $ 1,229,880
Level 1 $ 1,348,800	Level 2 $ -	Level 3 $ -	Total $ 1,348,800

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

September 30, 2023

Financial assets at FVTPL Listed shares Mutual funds Structured deposits Emerging market shares Domestic unlisted shares Overseas unlisted shares Private funds	Level 1 $ 70,495 203,238 943,979 22,327 - - - $ 1,240,039	Level 2 - - - - - - - $ -	Level 3 $ - - - 12,743 20,999 25,299 16,727 $ 75,768	Total $ 70,495 203,238 943,979 35,070 20,999 25,299 16,727 $ 1,315,807

29 -

December 31, 2022

Level 1 Financial assets at FVTPL Listed shares $ 86,154 Structured deposits 617,967 Emerging market shares 9,334 Overseas unlisted shares - Private funds - $ 713,455 September 30, 2022 Level 1 Financial assets at FVTPL Listed shares $ 80,445 Structured deposits 247,060 Emerging market shares 9,105 Overseas unlisted shares - Private funds - $ 336,610	Level 2 $ - - - - - $ - Level 2 $ - - - - - $ -	Level 3 $ - - 11,148 28,725 14,283 $ 54,156 Level 3 $ - - 6,065 32,559 8,580 $ 47,204	Total $ 86,154 617,967 20,482 28,725 14,283 $ 767,611 Total $ 80,445 247,060 15,170 32,559 8,580 $ 383,814

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

The financial assets which is measured by the third level of fair value is FVTPL.

Reconciliation of Level 3 fair value measurements of financial instruments for the nine months ended September 30, 2023 and 2022.

Balance at January 1 Recognized in profit or loss (included in net loss on fair value changes of financial instruments at FVTPL) Purchase Capital reduction Balance at September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ 54,156 (1,572) 30,000 (6,816) $ 75,768	2022 $ 54,643 (7,439) - - $ 47,204

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

Financial Instrument Domestic third unsecured convertible bonds	Valuation Technique and Inputs
	Under the assumption that bonds will be redeemed on 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.

30 -
4) Valuation techniques and inputs applied for Level 3 fair value measurement

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

c. Categories of financial instruments

	September 30,	December 31,	December 31,	September 30,	September 30,
	2023		2022		2022
Financial assets
Mandatorily classified as at FVTPL	$ 1,315,807	$	767,611	$	383,814
Financial assets at amortized cost (Note 1)	6,740,784		5,996,361		6,778,603
Financial liabilities
Financial liabilities at amortized cost (Note 2)	5,346,634		4,667,248		5,069,553

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 salaries payable, short-term borrowings, long-term borrowings, current portion of long-term borrowings, bonds payable, current portion of 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, 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.

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 sales and purchases denominated in foreign currencies, which exposes the Group to foreign currency risk.

31 -

The carrying amounts of the Group’s foreign currency-denominated monetary assets and monetary liabilities (including those eliminated upon 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.

The following table details the Group’s sensitivity to a 1% increase and decrease in the New Taiwan dollar (the 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 Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ (1,763) $ (18,133) $ (271) $ (1,218) $ (1,239)	2022 $ (2,526) $ (24,311) $ (236) $ (1,631) $ (452)

This was mainly attributable to the exposure on outstanding receivables 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.

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.

32 -

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:

	September 30,	December 31,	September 30,
	2023	2022	2022
Fair value interest rate risk
Financial assets	$ 2,609,635	$ 2,003,604	$ 1,417,611
Financial liabilities	3,338,391	3,247,591	3,243,336
Cash flow interest rate risk
Financial assets	2,008,812	2,362,027	2,149,859
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 nine months ended September 30, 2023 and 2022 would have increased/decreased by $15,066 thousand and $16,124 thousand, respectively.

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, domestic 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 nine months ended September 30, 2023 and 2022 would have increased/decreased by $3,718 thousand and $1,368 thousand, respectively, as a result of the changes in fair value of financial assets at FVTPL.

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.

33 -

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 bank loan facilities set out in below.

Financing facilities

	September 30,	September 30,	December 31,	December 31,	September 30,	September 30,
		2023		2022		2022
Unsecured bank overdraft facilities,
reviewed annually
Amount used	$	1,383,979	$	1,089,681	$	1,010,000
Amount unused		2,647,190		3,133,506		2,773,952
	$	4,031,169	$	4,223,187	$	3,783,952
Secured bank overdraft facilities
Amount used	$	498,114	$	581,929	$	593,358
Amount unused		198,032		74,023		62,950
	$	696,146	$	655,952	$	656,308

27. TRANSACTIONS WITH RELATED PARTIES

Balances and transactions between the Group and its subsidiaries, which are related parties of the Group, have been eliminated upon 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

Related Party Name Chen Chien Hung Chen Chien Yuan Smart Automation Technology Inc. Dongguan Smart Automation Technology Inc.	Related Party Category
	Related party in substance (first-degree relative of the Corporation’s director) The Corporation’s director (Note) Associate The subsidiary of associate

Note: Since August 2023, the natural person has become the Corporation’s director after being the legal representative of the Corporation.

34 -

b. Operating costs

c. d.	For the Three Months Ended September 30 For the Nine Months Ended September 30 Related Party Category 2023 2022 2023 2022 Associate $ 39 $ - $ 39 $ - Acquisition of property, plant and equipment Purchase Price For the Three Months Ended September 30 For the Nine Months Ended September 30 Related Party Category 2023 2022 2023 2022 Associate $ - $ 476 $ - $ 476 The subsidiary of associate - 2,175 82 3,960 $ - $ 2,651 $ 82 $ 4,436 Lease agreements For the Three Months Ended September 30 For the Nine Months Ended September 30 Related Party Category 2023 2022 2023 2022 Lease assets acquired Related party in substance $ - $ 337 $ - $ 3,216 The legal representative of the Corporation’s director - 175 - 1,749 $ - $ 512 $ - $ 4,965 Line Item Related Party Category September 30, 2023 December 31, 2022 September 30, 2022 Lease liabilities Related party in substance $ 698 $ 1,948 $ 2,363 The legal representative of the Corporation’s director - 1,058 1,283 The Corporation’s director 379 - - $ 1,077 $ 3,006 $ 3,646	For the Nine Months Ended September 30	For the Nine Months Ended September 30
			2022 $ -
		For the Nine Months Ended September 30
		2023 2022 $ - $ 476 82 3,960 $ 82 $ 4,436 For the Nine Months Ended September 30
		2023 2022 $ - $ 3,216 - 1,749 $ - $ 4,965 December 31, 2022 September 30, 2022 $ 1,948 $ 2,363 1,058 1,283 - - $ 3,006 $ 3,646

35 -

Related Party Category Interest expense Related party in substance The legal representative of the Corporation’s director The Corporation’s director Lease expense The legal representative of the Corporation’s director The Corporation’s director	For the Three Months Ended September 30 2023 2022 $ 2 $ 7 - 3 1 - $ 3 $ 10 $ - $ 239 245 - $ 245 $ 239	For the Three Months Ended September 30 2023 2022 $ 2 $ 7 - 3 1 - $ 3 $ 10 $ - $ 239 245 - $ 245 $ 239	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ 2 - 1 $ 3 $ - 245 $ 245		2023 $ 10 4 1 $ 15 $ 453 245 $ 698	2022 $ 13 7 - $ 20 $ 239 - $ 239

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.

e. Acquisition of other assets

Related Party Line Item Category Intangible assets Associate The subsidiary of associate	Purchase Price	Purchase Price	Purchase Price	Purchase Price	Purchase Price
	For the Three Months Ended September 30 2023 2022 $ - $ 3,757 258 126 $ 258 $ 3,883		For the Nine Months Ended September 30
		2023 $ - 258 $ 258		2023 $ 1,264 258 $ 1,522	2022 $ 6,213 126 $ 6,339

f. Payables to related parties (excluding loans from related parties)

			September 30,	September 30,	December	December	31,	September	September	30,
	Line Item	Related Party Category		2023		2022			2022
	Other payables	Associates	$	41	$	78		$		-
g.	Prepayments
			September 30,		December		31,	September		30,
	Line Item	Related Party Category		2023		2022			2022
	Prepaid expense	Associates	$	1,212	$		-	$		-
	(including other	The subsidiary of associate		348			-			-
	current assets)
			$	1,560	$		-	$		-

36 -

h. Compensation of key management personnel

Short-term employee benefits Post-employment benefits	For the Three Months Ended September 30 2023 2022 $ 10,811 $ 11,218 79 79 $ 10,890 $ 11,297	For the Three Months Ended September 30 2023 2022 $ 10,811 $ 11,218 79 79 $ 10,890 $ 11,297	For the Nine Months Ended September 30	For the Nine Months Ended September 30	For the Nine Months Ended September 30
		2023 $ 10,811 79 $ 10,890		2023 $ 32,431 236 $ 32,667	2022 $ 33,655 236 $ 33,891

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

28. ASSETS PLEDGED AS COLLATERAL OR FOR SECURITY

The following assets were provided as collateral for bank borrowings:

	September 30,	December 31,	September 30,
	2023	2022	2022
Property, plant and equipment	$ 870,638	$ 819,017	$ 819,243
Financial assets at amortized cost	4,587	3,272	2,282
	$ 875,225	$ 822,289	$ 821,525

29. SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

The Group’s significant financial assets and liabilities 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:

September 30, 2023
		Foreign		Carrying
		Currency	Exchange Rate	Amount
Financial assets
Monetary items
USD	$	50,465	32.27 (USD:NTD)	$ 1,628,506
USD		58,760	7.1798 (USD:RMB)	1,896,185
USD		5,110	24,453 (USD:VND)	164,900
RMB		31,300	4.415 (RMB:NTD)	138,190
RMB		28,068	0.1368 (RMB:USD)	123,920
Non-monetary items
Financial assets at FVTPL - non-current
USD		784	32.27 (USD:NTD)	25,299
Financial liabilities
Monetary items
USD		45,003	32.27 (USD:NTD)	1,452,247
USD		2,570	7.1798 (USD:RMB)	82,934
USD		4,269	24,453 (USD:VND)	137,761
RMB		3,706	4.415 (RMB:NTD)	16,362

37 -

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	4.408 (RMB:NTD)	48,620
September 30, 2022
		Foreign		Carrying
		Currency	Exchange Rate	Amount
Financial assets
Monetary items
USD	$	65,282	31.75 (USD:NTD)	$ 2,072,704
USD		78,211	7.0998 (USD:RMB)	2,483,199
USD		1,610	23,855 (USD:VND)	51,118
RMB		45,941	4.4730 (RMB:NTD)	205,494
RMB		10,108	0.1409 (RMB:USD)	45,213
Non-monetary items
Financial assets at FVTPL - non-current
USD		1,025	31.75 (USD:NTD)	32,559
Financial liabilities
Monetary items
USD		57,326	31.75 (USD:NTD)	1,820,101
USD		1,640	7.0998 (USD:RMB)	52,070
USD		867	23,855 (USD:VND)	27,527
RMB		9,487	4.4730 (RMB:NTD)	42,435

38 -

The Group is mainly exposed to the USD and RMB. The following information was aggregated by the functional currencies of the 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 Others	For the Three Months Ended September 30	For the Three Months Ended September 30
	2023 Exchange Rate Net Foreign Exchange Gains (Losses) 1 (NTD:NTD) $ 29,156 30.93 (USD:NTD) 1,507 4.3940 (RMB:NTD) 2,436 0.00129 (VND:NTD) 1,582 6 $ 34,687	2022
		Exchange Rate Net Foreign Exchange Gains (Losses) 1 (NTD:NTD) $ 43,888 31.75 (USD:NTD) (2,544) 4.4730 (RMB:NTD) 130,133 0.00133 (VND:NTD) 399 215 $ 172,091

Foreign Currency NTD USD RMB VND Others	For the Nine Months	Ended September 30
	2023 Exchange Rate Net Foreign Exchange Gains (Losses) 1 (NTD:NTD) $ 40,001 30.93 (USD:NTD) (131) 4.3940 (RMB:NTD) 50,070 0.00129 (VND:NTD) 1,851 (39) $ 91,752	2022
		Exchange Rate Net Foreign Exchange Gains (Losses) 1 (NTD:NTD) $ 74,903 31.75 (USD:NTD) (4,921) 4.4730 (RMB:NTD) 256,472 0.00133 (VND:NTD) 2,243 638 $ 329,335

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)
39 -
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)
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 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.

No operating segments have ceased operation during the period.

40 -

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 Non-operating income and expenses General and administrative expenses Income before tax		Income 2023 2022 $ 6,487,460 $ 7,827,517 21,300 198,784 $ 6,508,760 $ 8,026,301		Loss	Loss
		2023 $ 6,487,460 21,300 $ 6,508,760		2023 $ 1,001,699 3,787 1,005,486 205,436 (521,388) $ 689,534	2022 $ 859,184 11,008 870,192 305,357 (609,922) $ 565,627

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

Segment profit represented the profit before tax earned by each segment without allocation of non-operating income and expenses, central administration costs 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.

41 -

TABLE 1

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

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

No.	Lender	Borrower	Financial Statement Account	Related Party	Highest Balance for the Period (Notes 1and 2)	Ending Balance (Notes 1 and 2)	Actual Amount Borrowed	Interest Rate (%)	Nature of Financing	Business Transaction Amount	Reasons for Short-term Financing	Allowance for Impairment Loss	Collateral	Collateral	Financing Limit for Each Borrower	Aggregate Financing Limit
													Item	Value
0	Syncmold Enterprise Corporation	Syncmold Enterprise (Samoa) Corp. Grand Advance Inc. Syncmold Enterprise Vietnam Co., Ltd. Gatetech Technology Inc. Leohab Enterprise Co., Ltd. Commuwell Enterprise (Thailand) Co., Ltd.	Other receivables from related parties Other receivables from related parties Other receivables from related parties Other receivables from related parties Other receivables from related parties Other receivables from related parties	Yes Yes Yes Yes Yes Yes	$ 100,000 100,000 100,000 100,000 100,000 50,000	$ 100,000 100,000 - 100,000 100,000 50,000	$ - - - - - -	- - - - - -	Short-term financing Short-term financing Short-term financing Short-term financing Short-term financing Short-term financing	$ - - - - - -	Operating capital Operating capital Operating capital Operating capital Operating capital Operating capital	$ - - - - - -	- - - - - -	- - - - - -	$1,155,556 (20% of the net worth of the Corporation) 1,155,556 (20% of the net worth of the Corporation) 1,155,556 (20% of the net worth of the Corporation) 1,155,556 (20% of the net worth of the Corporation) 1,155,556 (20% of the net worth of the Corporation) 1,155,556 (20% of the net worth of the Corporation)	$2,311,113 (40% of the net worth of the Corporation) 2,311,113 (40% of the net worth of the Corporation) 2,311,113 (40% of the net worth of the Corporation) 2,311,113 (40% of the net worth of the Corporation) 2,311,113 (40% of the net worth of the Corporation) 2,311,113 (40% of the net worth of the Corporation)
1	Syncmold Enterprise (Samoa) Corp.	Fujian Khuan Hua Precise Mold Co., Ltd. Syncmold Enterprise Corporation Dongguan Khuan Huang Precise Mold Plastic Co., Ltd. Chongqing Fulfil Tech Co., Ltd. Fullking Development Limited	Other receivables from related parties Other receivables from related parties Other receivables from related parties Other receivables from related parties Other receivables from related parties	Yes Yes Yes Yes Yes	64,540 335,608 64,540 145,215 74,221	64,540 96,810 64,540 145,215 74,221	- - - 48,405 74,221	- 0.00 - 2.00 0.00	Short-term financing Short-term financing Short-term financing Short-term financing Short-term financing	- - - - -	Operating capital Operating capital Operating capital Operating capital Operating capital	- - - - -	- - - - -	- - - - -	458,307 (20% of the net worth of Syncmold Enterprise (Samoa) Corp.) 458,307 (20% of the net worth of Syncmold Enterprise (Samoa) Corp.) 458,307 (20% of the net worth of Syncmold Enterprise (Samoa) Corp.) 458,307 (20% of the net worth of Syncmold Enterprise (Samoa) Corp.) 458,307 (20% of the net worth of Syncmold Enterprise (Samoa) Corp.)	1,145,768 (50% of the net worth of Syncmold Enterprise (Samoa) Corp.) 1,145,768 (50% of the net worth of Syncmold Enterprise (Samoa) Corp.) 1,145,768 (50% of the net worth of Syncmold Enterprise (Samoa) Corp.) 1,145,768 (50% of the net worth of Syncmold Enterprise (Samoa) Corp.) 1,145,768 (50% of the net worth of Syncmold Enterprise (Samoa) Corp.)
2	Grand Advance Inc.	Syncmold Enterprise Corporation Fullking Development Limited Syncmold Enterprise (Samoa) Corp.	Other receivables from related parties Other receivables from related parties Other receivables from related parties	Yes Yes Yes	177,485 48,405 64,540	112,945 - 64,540	112,945 - -	0.00 - -	Short-term financing Short-term financing Short-term financing	- - -	Operating capital Operating capital Operating capital	- - -	- - -	- - -	644,063 (20% of the net worth of Grand Advance Inc.) 644,063 (20% of the net worth of Grand Advance Inc.) 644,063 (20% of the net worth of Grand Advance Inc.)	1,610,157 (50% of the net worth of Grand Advance Inc.) 1,610,157 (50% of the net worth of Grand Advance Inc.) 1,610,157 (50% of the net worth of Grand Advance Inc.)

(Continued)

42 -

No.	Lender	Borrower	Financial Statement Account	Related Party	Highest Balance for the Period (Notes 1and 2)	Ending Balance (Notes 1 and 2)	Actual Amount Borrowed	Interest Rate (%)	Nature of Financing	Business Transaction Amount	Reasons for Short-term Financing	Allowance for Impairment Loss	Collateral	Collateral	Financing Limit for Each Borrower	Aggregate Financing Limit
													Item	Value
		Kunshan Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Syncmold Enterprise (USA) Corp.	Other receivables from related parties Other receivables from related parties Other receivables from related parties	Yes Yes Yes	$ 64,540 64,540 29,043	$ 64,540 64,540 29,043	$ - - 12,908	- - 0.00	Short-term financing Short-term financing Short-term financing	$ - - -	Operating capital Operating capital Operating capital	$ - - -	- - -	- - -	$644,063 (20% of the net worth of Grand Advance Inc.) 644,063 (20% of the net worth of Grand Advance Inc.) 644,063 (20% of the net worth of Grand Advance Inc.)	$1,610,157 (50% of the net worth of Grand Advance Inc.) 1,610,157 (50% of the net worth of Grand Advance Inc.) 1,610,157 (50% of the net worth of Grand Advance Inc.)
3	Fuzhou Fulfil Tech Co., Ltd.	Fujian Khuan Hua Precise Mold Co., Ltd. Fuqing Fuqun Electronic Hardware Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Chongqing Fulfil Tech Co., Ltd.	Other receivables from related parties Other receivables from related parties Other receivables from related parties Other receivables from related parties	Yes Yes Yes Yes	44,946 58,429 44,946 26,967	22,473 31,462 - 26,967	- - - -	- - - -	Short-term financing Short-term financing Short-term financing Short-term financing	- - - -	Operating capital Operating capital Operating capital Operating capital	- - - -	- - - -	- - - -	207,421 (20% of the net worth of Fuzhou Fulfil Tech Co., Ltd.) 207,421 (20% of the net worth of Fuzhou Fulfil Tech Co., Ltd.) 207,421 (20% of the net worth of Fuzhou Fulfil Tech Co., Ltd.) 207,421 (20% of the net worth of Fuzhou Fulfil Tech Co., Ltd.)	518,553 (50% of the net worth of Fuzhou Fulfil Tech Co., Ltd.) 518,553 (50% of the net worth of Fuzhou Fulfil Tech Co., Ltd.) 518,553 (50% of the net worth of Fuzhou Fulfil Tech Co., Ltd.) 518,553 (50% of the net worth of Fuzhou Fulfil Tech Co., Ltd.)
4	Suzhou Fulfil Electronics Co., Ltd.	Kunshan Fulfil Tech Co., Ltd.	Other receivables from related parties	Yes	40,451	35,956	-	-	Short-term financing	-	Operating capital	-	-	-	310,340 (20% of the net worth of Suzhou Fulfil Electronics Co., Ltd.)	775,851 (50% of the net worth of Suzhou Fulfil Electronics Co., Ltd.)
5	Zhongshan Fulfil Tech. Co., Ltd.	Dongguan Khuan Huang Precise Mold Plastic Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Chongqing Fulfil Tech Co., Ltd.	Other receivables from related parties Other receivables from related parties Other receivables from related parties	Yes Yes Yes	35,956 35,956 44,946	35,956 - -	- - -	- - -	Short-term financing Short-term financing Short-term financing	- - -	Operating capital Operating capital Operating capital	- - -	- - -	- - -	258,690 (20% of the net worth of Zhongshan Fulfil Tech. Co., Ltd.) 258,690 (20% of the net worth of Zhongshan Fulfil Tech. Co., Ltd.) 258,690 (20% of the net worth of Zhongshan Fulfil Tech. Co., Ltd.)	646,726 (50% of the net worth of Zhongshan Fulfil Tech. Co., Ltd.) 646,726 (50% of the net worth of Zhongshan Fulfil Tech. Co., Ltd.) 646,726 (50% of the net worth of Zhongshan Fulfil Tech. Co., Ltd.)

Note 1: The 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 September 2023.

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

(Concluded)

43 -

TABLE 2

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

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

No.	Endorser/Guarantor	Endorsee/Guarantee	Endorsee/Guarantee	Limit on Endorsement/ Guarantee Given on Behalf of Each Party	Maximum Amount Endorsed/ Guaranteed During the Period	Outstanding Endorsement/ Guarantee at the End of the Period	Actual Borrowing Amount	Amount Endorsed/ Guaranteed by Collateral	Ratio of Accumulated Endorsement/ Guarantee to Net Equity in Latest Financial Statements (%)	Aggregate Endorsement/ Guarantee Limit	Endorsement/ Guarantee Given by Parent on Behalf of Subsidiaries	Endorsement/ Guarantee Given by Subsidiaries on Behalf of Parent	Endorsement/ Guarantee Given on Behalf of Companies in Mainland China
		Name	Relationship
0	Syncmold Enterprise Corporation	Gatetech Technology Inc. Leohab Enterprise Co., Ltd. Syncmold Enterprise Vietnam Co., Ltd. Commuwell Enterprise (Thailand) Co., Ltd.	Subsidiary Subsidiary Subsidiary Subsidiary	$1,155,556 (20% of the net worth of the Corporation) 1,155,556 (20% of the net worth of the Corporation) 1,733,335 (30% of the net worth of the Corporation) 1,733,335 (30% of the net worth of the Corporation)	$ 200,000 340,000 645,400 (US$ 20,000 thousand ) 52,932 (THB 60,000 thousand )	$ 200,000 340,000 645,400 (US$ 20,000 thousand ) 52,932 (THB 60,000 thousand )	$ 100,000 261,000 64,540 17,644	$ - - - -	3.46 5.88 11.17 0.92	$2,888,891 (50% of the net worth of the Corporation) 2,888,891 (50% of the net worth of the Corporation) 2,888,891 (50% of the net worth of the Corporation) 2,888,891 (50% of the net worth of the Corporation)	Y Y Y Y	N N N N	N N N N

44 -

TABLE 3

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES HELD SEPTEMBER 30, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		September 30, 2023	September 30, 2023		Note
				Number of Shares	Carrying Amount	Percentage of Ownership (%)	Fair Value
Syncmold Enterprise Corporation Zhongshan Fulfil Tech. Co., Ltd. Kunshan Fulfil Tech Co., Ltd. Gatetech (Suzhou) Technology Co., Ltd. Suzhou Fulfil Electronics Co., Ltd.	Shares Gigastone Corporation Tiga Gaming Inc. Foxfortune Technology Ventures Ltd. Hercules BioVenture, L.P. WK Technology Fund IX II Ltd. Winmate Inc. Private funds China Development of Healthcare Venture of Limited Partnership Structured commodity Linked interest rate structured deposit products No. 29 Linked interest rate structured deposit products No. 31 Linked interest rate structured deposit products No. 202309001 Linked interest rate structured deposit products No. 202309002 Linked interest rate structured deposit products No. 202309003 Monthly profit 23050083 Monthly profit 23030347 Monthly profit 23030348 Monthly profit 23080007 Monthly profit 23070038 Monthly profit 23070039 Monthly profit 23070040 Monthly profit 23070041 Monthly profit 23070042 Monthly profit 23070043	- - - - - - - - - - - - - - - - - - - - - -	Financial assets at FVTPL - non-current Financial assets at FVTPL - non-current Financial assets at FVTPL - non-current Financial assets at FVTPL - non-current Financial assets at FVTPL - non-current Financial assets at FVTPL - current Financial assets at FVTPL - non-current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current	847,011 1,332,132 780,000 210,526 3,000,000 613,000 20,360,270 - - - - - - - - - - - - - - -	$ 22,327 12,743 19,359 5,940 20,999 70,495 16,727 45,072 67,540 44,966 67,441 67,428 45,193 44,457 66,688 44,240 45,090 76,655 81,168 81,171 81,175 85,695	1.67 5.06 5.80 2.63 2.67 0.84 0.96 - - - - - - - - - - - - - - -	$ 22,327 12,743 19,359 5,940 20,999 70,495 16,727 45,072 67,540 44,966 67,441 67,428 45,193 44,457 66,688 44,240 45,090 76,655 81,168 81,171 81,175 85,695	(Notes 2 and 7) (Notes 3 and 7) (Notes 4 and 7) (Notes 4 and 7) (Notes 4 and 7) (Notes 2 and 7) (Notes 4 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7) (Notes 5 and 7)

(Continued)

45 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		September 30, 2023	September 30, 2023		Note
				Number of Shares	Carrying Amount	Percentage of Ownership (%)	Fair Value
Zhongshan Fulfil Tech. Co., Ltd.	Mutual funds ICBC Finance Coreoptimization of 14 Days Holding Fixed-income Open Financial Products for Legal Person ICBC Wealth Management·Tiantian Xin Wenyue Interbank Certificate of Deposit and Deposit Fixed Income Open Financial Products for Legal Person	- -	Financial assets at FVTPL - current Financial assets at FVTPL - current	33,624,288 9,912,768	$ 158,123 45,115	- -	$ 158,123 45,115	(Notes 6 and 7) (Notes 6 and 7)

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 at the strike price as of September 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 at value stated in its contract as of September 30, 2023.

Note 6: The mutual fund certificate is calculated at the value stated in its contract as of September 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)

46 -

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 SEPTEMBER 30, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationship	Beginning Balance	Beginning Balance	Acquisition	Acquisition		Disposal	Disposal			Ending Balance
					Number of Shares	Amount	Number of Shares	Amount	Number of Shares	Amount	Carrying Amount	Gain (Loss) on Disposal	Number of Shares	Amount	Note
Dongguan Khuan Huang Precise Mold Plastic Co., Ltd. Zhongshan Fulfil Tech. Co., Ltd. Kunshan Fulfil Tech Co., Ltd. Gatetech (Suzhou) Technology Co., Ltd. Suzhou Fulfil Electronics Co., Ltd.	Structed commodity - linked rate Structed commodity - linked rate Structed commodity - monthly profit Structed commodity - monthly profit Structed commodity - monthly profit	Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current Financial assets at FVTPL - current	E.SUN Bank (China), Ltd. E.SUN Bank (China), Ltd. Fubon Bank (China) Fubon Bank (China) Fubon Bank (China)	- - - - -	- - - - -	RMB 14,971 RMB 10,012 RMB 10,018 RMB 20,066 RMB 85,028	- - - - -	RMB - RMB 120,000 RMB 10,000 RMB 45,000 RMB 215,000	- - - - -	RMB 15,078 RMB 65,462 RMB 10,144 RMB 30,433 RMB 201,314	RMB 15,000 RMB 65,000 RMB 10,000 RMB 30,000 RMB 200,000	RMB 78 RMB 462 RMB 144 RMB 433 RMB 1,314	- - - - -	RMB - RMB 65,067 RMB 10,055 RMB 35,195 RMB 100,333	Note Note Note Note Note

Note: The amount at the end of the period included financial asset evaluation adjustments.

47 -

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 NINE MONTHS ENDED SEPTEMBER 30, 2023

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

Buyer	Related Party	Relationship		Transaction Details	Transaction Details		Abnormal Transaction	Abnormal Transaction	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Note
			Purchase/ Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% of Total
Zhongshan Fulfil Tech. Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Chongqing Fulfil Tech Co., Ltd. Kunshan Fulfil Tech Co., Ltd. Fuqing Fuqun Electronic Hardware Tech Co., Ltd. Dongguan Khuan Huang Precise Mold Plastic Co., Ltd. Syncmold Enterprise Corporation Suzhou Fulfil Electronics Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. Zhongshan Fulfil Tech. Co., Ltd.	Syncmold Enterprise Corporation Syncmold Enterprise Corporation Syncmold Enterprise Corporation Syncmold Enterprise Corporation Suzhou Fulfil Electronics Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. Zhongshan Fulfil Tech. Co., Ltd. Zhongshan Fulfil Tech. Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Chongqing Fulfil Tech Co., Ltd. Kunshan Fulfil Tech Co., Ltd. Fuqing Fuqun Electronic Hardware Tech Co., Ltd. Dongguan Khuan Huang Precise Mold Plastic Co., Ltd.	Parent company Parent company Parent company Parent company Indirect subsidiary Indirect subsidiary Indirect subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Indirect subsidiary Indirect subsidiary Indirect subsidiary	Sales Sales Sales Sales Sales Sales Sales Purchases Purchases Purchases Purchases Purchases Purchases Purchases	$ (1,018,646) (322,985) (747,754) (176,142) (298,654) (139,580) (104,219) 1,018,646 322,985 747,754 176,142 298,654 139,580 104,219	(70) (28) (40) (48) (98) (45) (42) 44 14 33 8 20 15 9	Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1	$ - - - - - - - - - - - - - -	- - - - - - - - - - - - - -	$ 529,019 158,065 430,947 94,431 107,436 17,313 31,917 (529,019) (158,065) (430,947) (94,431) (107,436) (17,313) (31,917)	68 22 36 45 95 20 34 (43) (13) (35) (8) (18) (4) (7)

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.

48 -

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 SEPTEMBER 30, 2023

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

Company Name	Related Party	Relationship	Ending Balance	Turnover Rate		Overdue	Amount Received in Subsequent Period	Allowance for Impairment Loss
					Amount	Actions Taken
Grand Advance Inc. Zhongshan Fulfil Tech. Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. Kunshan Fulfil Tech Co., Ltd.	Syncmold Enterprise Corporation Syncmold Enterprise Corporation Syncmold Enterprise Corporation Syncmold Enterprise Corporation Suzhou Fulfil Electronics Co., Ltd.	Parent company Parent company Parent company Parent company Indirect subsidiary	$ 112,945 (Note 1) 529,019 430,947 158,065 107,436	- - - - -	$ - - - - -	- - - - -	$ - 123,413 87,457 39,621 52,384	$ - - - - -

Note 1: Financing.

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

49 -

TABLE 7

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTEES FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investor Company	Investee Company	Location	Main Businesses and Products	Original Investment Amount	Original Investment Amount	As of September 30, 2023	As of September 30, 2023	As of September 30, 2023	Net Income (Loss) of the Investee	Share of Profit (Loss)	Note
				September 30, 2023	December 31, 2022	Number of Shares	%	Carrying Amount
Syncmold Enterprise Corporation Grand Advance Inc. Syncmold Enterprise (Samoa) Corp. Gatetech Technology Inc. Gatech Holding Ltd. Leohab Enterprise Co., Ltd. Sweet International Group Ltd.	Syncmold Enterprise (Samoa) Corp. Grand Advance Inc. Syncmold Enterprise (USA) Corp. High Grade Tech Co., Ltd. Corebio Technologies Co., Ltd. Smart Automation Technology Inc. Leohab Enterprise Co., Ltd. Gatetech Technology Inc. Syncmold Enterprise Vietnam Co., Ltd. Syncmold Enterprise (Malaysia) Sdn. Bhd. Syncmold Enterprise (Singapore) Pte., Ltd. Syncmold Enterprise (Thailand) Co., Ltd. Canford International Limited Fullking Development Limited Full Glary Holding Limited Forever Business Development Limited Full Celebration Limited Gatech Holding Ltd. Gatech International Ltd. Sweet International Group Ltd. Commuwell Enterprise (Thailand) Co., Ltd. Lucky King Holdings Ltd.	Samoa Samoa USA Taiwan Taiwan Taiwan Taiwan Taiwan Vietnam Malaysia Singapore Thailand Samoa Hong Kong Hong Kong Samoa Samoa Samoa Samoa British Virgin Islands Thailand Mauritius	General investment business General investment business Trading, import and export in electronic parts The design and sale of television hangers and related import and export businesses Medical technology and precision instrument wholesale and retail Software design services Precision hardware components manufacturing Precise molding and magnesium alloy die caster manufacturing and transaction business Trading, import and export and investment in electronic parts Trading, import and export in electronic parts, customer support and service center Trading, import and export in electronic parts, electronic components and parts design Trading, import and export and investment in electronic parts General investment business General investment business General investment business General investment business General investment business General investment business General investment business General investment business Plastic shot and hardware components manufacturing General investment business	$ 110,598 506,240 32 36,075 52,000 15,680 232,677 557,356 579,944 7,192 1,100 33,638 119,342 160,175 259,720 125,957 147,710 647,041 657,284 147,834 132,534 147,834	$ 110,598 506,240 32 36,075 52,000 15,680 232,677 556,063 579,944 7,192 1,100 33,638 119,342 160,175 259,720 125,957 147,710 647,041 657,284 147,834 132,534 147,834	3,546 - - 2,280 5,200 1,568 16,620 42,561 - - - - - - - - - 20,130 20,268 5,868 1,350 5,868	100.00 100.00 100.00 35.63 38.29 49.00 70.00 74.05 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00	$ 2,287,466 3,219,106 (4,639) 159,012 - 11,350 211,146 673,964 515,327 2,905 6,173 12,458 1,551,710 1,220,387 277,835 372,905 112,333 602,294 602,294 318,315 235,639 318,313	$ 61,259 278,506 (1,101) 63,584 - (7,338) (9,869) (13,980) 19,093 781 427 (2) 143,022 169,672 21,590 10,437 (23,128) (15,295) (15,295) 11,938 8,575 11,938	$ 58,965 278,653 (1,101) 22,652 - (3,595) (7,973) (11,796) 19,093 781 427 (2) 143,011 169,697 20,335 9,692 (23,128) (15,295) (15,295) 11,938 8,575 11,938	(Note 1) (Note 1) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 1) (Note 1) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2) (Note 2)

Note 1: Calculated based on the reviewed financial statements of the investee company and the investor company’s shareholding ratio.

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

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

Note 4: The profit or 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.

50 -

TABLE 8

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

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

Investee Company	Main Businesses and Products	Paid-in Capital	Method of Investment	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2023	Remittance of Funds	Remittance of Funds	Accumulated Outward Remittance for Investment from Taiwan as of September 30, 2023	Net Income (Loss) of the Investee	% Ownership of Direct or Indirect Investment	Investment Gain (Loss)	Carrying Amount as of September 30, 2023	Accumulated Repatriation of Investment Income as of September 30, 2023
					Outward	Inward
Fuzhou Fulfil Tech Co., Ltd. Fujian Khuan Hua Precise Mold Co., Ltd. Fuqing Fuqun Electronic Hardware Tech Co., Ltd. Dongguan Khuan Huang Precise Mold Plastic Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Zhongshan Fulfil Tech. Co., Ltd. Kunshan Fulfil Tech Co., Ltd. Chongqing Fulfil Tech Co., Ltd. Gatetech (Suzhou) Technology Co., Ltd. Suzhou Leoho Electronics Co., Ltd.	Electronic parts processing and manufacturing. Trading and related import and export business Processing, manufacturing, trading and related import and export business of various metal molds, plastic molds and plastic injection molds Electronic parts processing and manufacturing. Trading and related import and export business Processing, manufacturing, trading and related import and export business of various metal molds, plastic molds and plastic injection molds Electronic parts processing and manufacturing. Trading and related import and export business Electronic parts processing and manufacturing. Trading and related import and export business Manufacturing and assembling of laptops uses precise bearing, hardware and related accessories The processing, manufacturing, related imports and exports of all electronic, plastic and hardware parts Aluminum and magnesium alloy die caster Precision hardware components manufacturing	$ 43,557 111,531 59,439 126,029 18,601 153,387 235,539 140,025 713,413 207,751	Invested through Syncmold Enterprise (Samoa) Corp. Invested through Syncmold Enterprise (Samoa) Corp. Invested through Syncmold Enterprise (Samoa) Corp. Invested through Forever Business Development Limited Invested through Canford International Limited Invested through Fullking Development Limited Invested through Full Glary Holding Limited Invested through Full Celebration Limited Invested through Gatech International Ltd. Invested through Lucky King Holdings Ltd.	$ 67,218 (US$ 2,083 thousand) 43,758 (US$ 1,356 thousand) - - - - 193,620 (US$ 6,000 thousand) - 784,161 (US$ 24,300 thousand) 144,505 (US$ 4,478 thousand)	$ - - - - - - - - - -	$ - - - - - - - - - -	$ 67,218 (US$ 2,083 thousand) 43,758 (US$ 1,356 thousand) - - - - 193,620 (US$ 6,000 thousand) - 784,161 (US$ 24,300 thousand) 144,505 (US$ 4,478 thousand)	$ 64,425 5,544 9,574 5,322 143,022 169,666 21,590 (23,128) (15,295) 11,938	100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 74.05 70.00	$ 58,906 (Note 1) 6,252 (Note 2) 7,131 (Note 2) 4,385 (Note 2) 141,813 (Note 1) 171,047 (Note 1) 20,840 (Note 2) (23,128) (Note 2) (11,287) (Note 2) 8,357 (Note 2)	$ 1,031,759 249,938 160,199 180,551 1,551,701 1,293,451 278,988 112,321 602,294 318,313	$ 2,551,395 (US$ 79,064 thousand) - 125,788 (US$ 3,898 thousand) - 1,375,670 (US$ 42,630 thousand) 1,849,523 (US$ 57,314 thousand) - 584,861 (US$ 18,124 thousand) - -

(Continued)

51 -

(Concluded)

Accumulated Outward Remittance for Investment in Mainland China as of September 30, 2023	Investment Amount Authorized by the Investment Commission, MOEA	Upper Limit on the Amount of Investment Stipulated by the Investment Commission, MOEA
$1,473,932 (US$45,675 thousand)	$2,499,085 (US$77,443 thousand)	$3,662,656

Note 1: Calculated based on the reviewed financial statements of the investee company and the investor company’s shareholding ratio.

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

Note 3: The profit or 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.

52 -

TABLE 9

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No. (Note 1)	Investee Company	Counterparty	Relationship (Note 2)	Transaction Details		Payment Terms	% of Total Sales or Asset (Note 3)
				Financial Statement Account	Price
1	Zhongshan Fulfil Tech. Co., Ltd.	Syncmold Enterprise Corporation Syncmold Enterprise Corporation	2 2	Sales Trade receivables from related parties	$ 1,018,646 529,019	No significant difference with non-related parties No significant difference with non-related parties	16 4
2	Dongguan Khuan Huang Precision Mold Plastic Co., Ltd.	Syncmold Enterprise Vietnam Co., Ltd. Zhongshan Fulfil Tech. Co., Ltd. Zhongshan Fulfil Tech. Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd.	3 3 3 3 3 3	Trade receivables from related parties Sales Trade receivables from related parties Sales Trade receivables from related parties Trade receivables from related parties	24,929 104,219 31,917 56,602 17,536 17,289	No significant difference with non-related parties No significant difference with non-related parties No significant difference with non-related parties No significant difference with non-related parties No significant difference with non-related parties No significant difference with non-related parties	- 2 - 1 - -
3	Fuzhou Fulfil Tech Co., Ltd.	Syncmold Enterprise Corporation Syncmold Enterprise Corporation	2 2	Sales Trade receivables from related parties	322,985 158,065	No significant difference with non-related parties No significant difference with non-related parties	5 1
4	Fuqing Fuqun Electronic Hardware Tech Co., Ltd.	Zhongshan Fulfil Tech. Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Syncmold Enterprise Vietnam Co., Ltd.	3 3 3 3 3 3	Trade receivables from related parties Sales Trade receivables from related parties Sales Trade receivables from related parties Trade receivables from related parties	11,450 139,580 17,313 68,538 18,981 37,607	No significant difference with non-related parties No significant difference with non-related parties No significant difference with non-related parties No significant difference with non-related parties No significant difference with non-related parties No significant difference with non-related parties	- 2 - 1 - -
5	Grand Advance Inc.	Syncmold Enterprise Corporation Syncmold Enterprise (USA) Corp	2 3	Other receivables from related parties - financing Other receivables from related parties - financing	112,945 12,908	Based on the contract between both parties Based on the contract between both parties	1 -
6	Suzhou Fulfil Electronics Co., Ltd.	Syncmold Enterprise Corporation Syncmold Enterprise Corporation	2 2	Sales Trade receivables from related parties	747,754 430,947	No significant difference with non-related parties No significant difference with non-related parties	11 3
7	Gatetech (Suzhou) Technology Co., Ltd.	Gatetech Technology Co., Ltd.	3	Trade receivables from related parties	40,275	No significant difference with non-related parties	-
8	Kunshan Fulfil Tech Co., Ltd.	Suzhou Fulfil Electronics Co., Ltd. Suzhou Fulfil Electronics Co., Ltd.	3 3	Sales Trade receivables from related parties	298,654 107,436	No significant difference with non-related parties No significant difference with non-related parties	5 1
							(Continued)

53 -

No. (Note 1)	Investee Company	Counterparty	Relationship (Note 2)	Transaction Details		Payment Terms	% of Total Sales or Asset (Note 3)
				Financial Statement Account	Price
9	Chongqing Fulfil Tech Co., Ltd.	Syncmold Enterprise Corporation Syncmold Enterprise Corporation	2 2	Sale Trade receivables from related parties	$ 176,142 94,431	No significant difference with non-related parties No significant difference with non-related parties	3 1
10	Syncmold Enterprise (Samoa) Corp.	Fujian Khuan Hua Precise Mold Co., Ltd. Fullking Development Limited Chongqing Fulfil Tech Co., Ltd	3 3 3	Other receivables from related parties - dividends Other receivables from related parties - financing Other receivables from related parties - financing	45,155 74,221 48,728	Based on the contract between both parties Based on the contract between both parties Based on the contract between both parties	- 1 -
11	Fujian Khuan Hua Precise Mold Co., Ltd.	Fuzhou Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd.	3 3	Sale Sale	24,942 23,433	No significant difference with non-related parties No significant difference with non-related parties	- -
12	Suzhou Leoho Electronics Co., Ltd	Leohab Enterprise Co., Ltd	3	Trade receivables from related parties	84,125	No significant difference with non-related parties	1

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)

54 -

TABLE 10

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INFORMATION ON MAJOR SHAREHOLDERS SEPTEMBER 30, 2023

Name of Major Shareholder	Shares	Shares
	Number of Shares	Percentage of Ownership (%)
Chen Chiu-Lang	8,708,211	7.03

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.
55 -

AI assistant

SYNCMOLD — Interim / Quarterly Report 2023

51868_rns_2023-12-22_f90e1f8a-63da-45f0-a6f3-c883a5e06f72.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

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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

4. SUMMARY OF MATERIAL ACCOUNTING POLICY INFORMATION

5. MATERIAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

6. CASH AND CASH EQUIVALENTS

8. FINANCIAL ASSETS AT AMORTIZED COST

9. TRADE RECEIVABLES, NET

September 30, 2023

10. INVENTORIES

11. SUBSIDIARIES

12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

13. PROPERTY, PLANT AND EQUIPMENT

14. LEASE ARRANGEMENTS

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

b. Capital surplus

d. Special reserve

e. Non-controlling interests

22. NET PROFIT

a. Depreciation, amortization and employee benefits expense:

Accrual rate

Amount

23. INCOME TAXES

a. Income tax recognized in profit or loss

b. Income tax assessments

24. EARNINGS PER SHARE

Net Profit for the Period

Shares

25. FINANCIAL INSTRUMENTS

26. FINANCIAL INSTRUMENTS

December 31, 2022

1) Market risk

a) Foreign currency risk

Sensitivity analysis

c) Other price risk

Sensitivity analysis

2) Credit risk

Financing facilities

27. TRANSACTIONS WITH RELATED PARTIES

b. Operating costs

h. Compensation of key management personnel

28. ASSETS PLEDGED AS COLLATERAL OR FOR SECURITY

29. SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

December 31, 2022

30. SEPARATELY DISCLOSED ITEMS

SYNCMOLD Interim / Quarterly Report 2023