SYNCMOLD - Interim / Quarterly Report 2021

Syncmold Enterprise Corporation and Subsidiaries

Consolidated Financial Statements for the Six Months Ended June 30, 2021 and 2020 and Independent Auditors’ Review Report

INDEPENDENT AUDITORS’ REVIEW REPORT

The Board of Directors and Shareholders Syncmold Enterprise Corporation

Introduction

We have reviewed the accompanying consolidated balance sheets of Syncmold Enterprise Corporation and its subsidiaries (collectively, the “Group”) as of June 30, 2021 and 2020, the related consolidated statements of comprehensive income for the three months ended June 30, 2021 and 2020 and for the six months ended June 30, 2021 and 2020, the consolidated statements of changes in equity and cash flows for the six months then ended, and the related notes to the consolidated financial statements, including a summary of significant accounting policies (collectively referred to as the “consolidated financial statements”). Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

Scope of Review

Except as explained in the following paragraph, we conducted our reviews in accordance with Statement of Auditing Standards No. 65 “Review of Financial Information Performed by the Independent Auditor of the Entity”. A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Basis for Qualified Conclusion

As disclosed in Note 11 to the consolidated financial statements, the financial statements of non-significant subsidiaries included in the consolidated financial statements referred to in the first paragraph were not reviewed. As of June 30, 2021 and 2020, the combined total assets of these non-significant subsidiaries were NT$3,856,596 thousand and NT$4,365,789 thousand, respectively, representing 33.48% and 41.24%, respectively, of the consolidated total assets, and the combined total liabilities of these subsidiaries were NT$1,523,620 thousand and NT$1,426,333 thousand, respectively, representing 29.24% and 27.99%, respectively, of the consolidated total liabilities; for the three-month and the six-month periods ended June 30, 2021 and 2020, the amounts of combined comprehensive income (loss) of these subsidiaries were NT$(42,188) thousand, NT$62,814 thousand, NT$(15,462) thousand and NT$37,628 thousand, respectively, representing 165.47%, 25.36%, (23.79%) and 11.47%, respectively, of the consolidated total comprehensive income. In addition, as disclosed in Note 12 to the consolidated financial statements, as of June 30, 2021 and 2020, the amounts of investments accounted for using the equity method were NT$152,315 thousand and NT$165,696 thousand, respectively; for the three-month and the

six-month periods ended June 30, 2021 and 2020, the shares of profit of associates amounted to NT$(2,684) thousand, NT$5,738 thousand, NT$(841) thousand and NT$8,844 thousand, respectively, was calculated based on financial statements which have not been reviewed. The disclosure of information related to the aforementioned non-significant subsidiaries and associates in Note 29 was based on these subsidiaries’ and associates’ unreviewed financial statements for the same reporting periods as those of the Group.

Qualified Conclusion

Based on our reviews, except for the adjustments, if any, as might have been determined to be necessary had the financial statements of the non-significant subsidiaries as described in the preceding paragraph and the financial statements for which investments were accounted for using the equity method been reviewed, nothing has come to our attention that caused us to believe that the accompanying consolidated financial statements do not give a true and fair view of the consolidated financial position of the Group as of June 30, 2021 and 2020, its consolidated financial performance for the three months ended June 30, 2021 and 2020, and its consolidated financial performance and its consolidated cash flows for the six months ended June 30, 2021 and 2020 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

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

Deloitte & Touche Taipei, Taiwan Republic of China

August 5, 2021

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 (Notes 4 and 6) Financial assets at fair value through profit or loss - current (Notes 4 and 7) Financial assets at amortized cost - current (Notes 4, 8 and 26) Notes receivable Trade receivables, net (Notes 4 and 9) Inventories (Notes 4 and 10) Other current assets (Notes 4 and 25) Total current assets NON-CURRENT ASSETS Financial assets at fair value through profit or loss - non-current (Notes 4 and 7) Financial assets at amortized cost - non-current (Notes 4 and 8) Investments accounted for using the equity method (Notes 4 and 12) Property, plant and equipment (Notes 4, 13 and 26) Right-of-use assets (Notes 4 and 14) Goodwill (Notes 4 and 15) Intangible assets (Notes 4 and 16) Deferred tax assets (Notes 4 and 22) Prepayments for land, property and equipment Refundable deposits Defined benefit assets (Notes 4 and 19) Prepayments for land use right Other non-current assets (Note 4) Total non-current assets TOTAL LIABILITIES AND EQUITY CURRENT LIABILITIES Short-term borrowings (Notes 4, 17 and 26) Short-term bills payable (Notes 4 and 17) Notes and trade payables Other payables (Notes 18 and 25) Current tax liabilities (Notes 4 and 22) Lease liabilities - current (Notes 4, 14 and 25) Current portion of long-term borrowings (Notes 4, 17 and 26) Other current liabilities Total current liabilities NON-CURRENT LIABILITIES Long-term borrowings (Notes 4, 17 and 26) Deferred tax liabilities (Notes 4 and 22) Lease liabilities - non-current (Notes 4, 14 and 25) Net defined benefit liabilities (Notes 4 and 19) Guarantee deposits received Other non-current liabilities Total non-current liabilities Total liabilities EQUITY ATTRIBUTABLE TO OWNERS OF THE CORPORATION Ordinary shares Capital surplus Retained earnings Legal reserve Special reserve Unappropriated earnings Total retained earnings Other equity Exchange differences on translation of the financial statements of foreign operations Unrealized gain (loss) on financial assets at fair value through other comprehensive income Total other equity Total equity attributable to owners of the Corporation NON-CONTROLLING INTERESTS Total equity TOTAL		June 30, 2021 (Reviewed) Amount % $ 2,238,141 19 188,286 2 400,580 3 333,444 3 3,351,688 29 1,115,624 10 450,829 4 8,078,592 70 60,753 1 480 - 152,315 1 2,061,206 18 578,782 5 324,597 3 32,181 - 95,932 1 81,958 1 48,657 - 2,708 - - - 314 - 3,439,883 30 $ 11,518,475 100 $ 2,019,296 18 - - 1,812,846 16 472,941 4 82,349 1 165,258 1 17,671 - 19,689 - 4,590,050 40 101,567 1 273,934 2 216,151 2 12,116 - 1,442 - 16,357 - 621,567 5 5,211,617 45 1,237,242 11 2,592,879 22 904,665 8 634,020 6 1,317,226 11 2,855,911 25 (713,734) (6) 5,064 - (708,670) (6) 5,977,362 52 329,496 3 6,306,858 55 $ 11,518,475 100		December 31, 2020 (Audited) Amount % $ 2,420,807 21 375,949 3 605,827 5 392,958 3 3,616,529 31 967,154 8 429,744 4 8,808,968 75 70,286 1 - - 164,556 1 1,686,017 14 495,502 4 324,597 3 34,250 - 79,720 1 66,967 1 37,202 - 2,567 - - - 279 - 2,961,943 25 $ 11,770,911 100 $ 1,867,695 16 29,981 - 2,183,688 19 498,717 4 181,357 2 133,785 1 16,909 - 17,314 - 4,929,446 42 56,227 1 331,939 3 170,268 1 20,763 - 1,308 - 19,125 - 599,630 5 5,529,076 47 1,237,242 10 2,592,857 22 904,665 8 634,020 5 1,165,528 10 2,704,213 23 (639,134) (5) 3,519 - (635,615) (5) 5,898,697 50 343,138 3 6,241,835 53 $ 11,770,911 100		June 30, 2020 (Reviewed)
						Amount % $ 2,568,011 24 417,933 4 414,347 4 325,832 3 3,387,850 32 746,987 7 338,339 3 8,199,299 77 59,732 1 - - 165,696 2 1,203,291 11 383,701 4 324,597 3 25,248 - 65,376 1 28,524 - 24,886 - 2,273 - 96,457 1 6,094 - 2,385,875 23 $ 10,585,174 100 $ 1,436,300 14 30,000 - 1,868,664 18 944,203 9 131,662 1 126,200 1 - - 3,315 - 4,540,344 43 - - 359,660 3 186,286 2 9,200 - - - - - 555,146 5 5,095,490 48 1,237,242 12 2,591,336 25 904,665 8 634,020 6 697,812 7 2,236,497 21 (806,959) (8) (236) - (807,195) (8) 5,257,880 50 231,804 2 5,489,684 52 $ 10,585,174 100

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

(With Deloitte & Touche auditors’ review report dated August 5, 2021)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Earnings Per Share) (Reviewed, Not Audited)

OPERATING REVENUE (Note 4) OPERATING COSTS (Notes 4, 10 and 21) GROSS PROFIT OPERATING EXPENSES (Notes 9, 21 and 25) Selling and marketing expenses General and administrative expenses Research and development expenses Expected credit loss (gain) Total operating expenses PROFIT FROM OPERATIONS NON-OPERATING INCOME AND EXPENSES Other income (Notes 4 and 14) Other gains and losses (Note 27) Interest income Net foreign exchange gain (loss) (Note 28) Net gain (loss) on financial assets at fair value through profit or loss (Notes 4 and 7) Share of profit (loss) of associates (Notes 4 and 12) Interest expenses (Note 25) Total non-operating income and expenses PROFIT BEFORE INCOME TAX FROM OPERATIONS INCOME TAX EXPENSE (Notes 4 and 22) NET PROFIT FOR THE PERIOD		For the Three Months Ended June 30	For the Three Months Ended June 30	For the Three Months Ended June 30		For the Six Months	For the Six Months	Ended June 30
		2021		2020		2021		2020
		Amount % $ 2,525,003 100 2,192,668 87 332,335 13 79,441 3 157,041 6 39,608 2 (1,802) - 274,288 11 58,047 2 21,659 1 483 - 6,913 - (31,293 ) (1 ) (11,047 ) (1 ) (3,652 ) - (8,707) - (25,644) (1) 32,403 1 10,474 - 21,929 1		Amount % $ 2,679,991 100 1,917,561 72 762,430 28 64,911 2 134,925 5 46,494 2 9,052 - 255,382 9 507,048 19 18,340 1 (6,423 ) - 13,593 - 3,085 - 25,614 1 5,738 - (7,530) - 52,417 2 559,465 21 189,466 7 369,999 14		Amount % $ 4,818,994 100 4,019,984 83 799,010 17 147,548 3 341,188 7 87,159 2 (1,263) - 574,632 12 224,378 5 24,499 - (16,641 ) - 16,725 - (28,860 ) (1 ) 34,074 1 (3,263 ) - (16,888) - 9,646 - 234,024 5 87,062 2 146,962 3		Amount % $ 4,400,500 100 3,210,556 73 1,189,944 27 120,159 2 254,099 6 83,114 2 5,096 - 462,468 10 727,476 17 25,407 1 (5,633 ) - 21,525 - 22,449 - 525 - 8,844 - (14,981) - 58,136 1 785,612 18 279,851 7 505,761 11 (Continued)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Earnings Per Share) (Reviewed, Not Audited)

For the Three Months Ended June 30	For the Three Months Ended June 30	For the Six Months	Ended June 30
2021	2020	2021	2020
Amount % $ 968 - (48,393) (2) (47,425) (2) $ (25,496 ) (1 ) $ 24,706 1 (2,777) - $ 21,929 1 $ (15,862 ) (1 ) (9,634) - $ (25,496 ) (1 ) $ 0.20 $ 0.20	Amount % $ - - (122,346) (5) (122,346) (5) $ 247,653 9 $ 364,610 14 5,389 - $ 369,999 14 $ 245,296 9 2,357 - $ 247,653 9 $ 2.95 $ 2.93	Amount % $ 2,422 - (84,383) (2) (81,961) (2) $ 65,001 1 $ 150,821 3 (3,859) - $ 146,962 3 $ 78,643 1 (13,642) - $ 65,001 1 $ 1.22 $ 1.21	Amount % $ - - (177,660) (4) (177,660) (4) $ 328,101 7 $ 497,384 11 8,377 - $ 505,761 11 $ 324,209 7 3,892 - $ 328,101 7 $ 4.02 $ 3.99

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

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

(With Deloitte & Touche auditors’ review report dated August 5, 2021)

(Concluded)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (In Thousands of New Taiwan Dollars) (Reviewed, Not Audited)

				Equity A	ttributable to O	wners of the Corporation (Notes 4 and 20)	wners of the Corporation (Notes 4 and 20)	wners of the Corporation (Notes 4 and 20)
Ordinary Shares $ 1,237,242 - - - - - - - - - $ 1,237,242 $ 1,237,242 - - - - - $ 1,237,242		CapitalSurplus			Total $ 2,591,280 - - - - 56 - - - - $ 2,591,336 $ 2,592,857 22 - - - - $ 2,592,879		Retained Earnings		Total $ 2,295,872 - - (556,759) (556,759) - 497,384 - 497,384 - $ 2,236,497 $ 2,704,213 - 150,821 - 150,821 877 $ 2,855,911	Other Equity	Total Other Equity $ (634,020) - - - - - - (173,175) (173,175) - $ (807,195 ) $ (635,615) - - (72,178) (72,178) (877) $ (708,670 )
	Difference Between the Consideration Paid and the Carrying Amount of the Subsidiaries’ Issuance of Net Assets Ordinary During Actual Shares Acquisition $ 1,184,809 $ 410,949 - - - - - - - - - - - - - - - - - - $ 1,184,809 $ 410,949 $ 1,184,809 $ 412,470 - - - - - - - - - - $ 1,184,809 $ 412,470	Changes in Percentage of Ownership Interests in Subsidiaries $ 143,150 - - - - - - - - - $ 143,150 $ 143,150 - - - - - $ 143,150	Consolidation Excess $ 852,372 - - - - - - - - - $ 852,372 $ 852,372 - - - - - $ 852,372	Other $ - - - - - 56 - - - - $ 56 $ 56 22 - - - - $ 78
										Unrealized Gain (Loss) on Exchange Differences on Translation of Financial Assets at Fair Value the Financial Through Statements of Other Foreign Comprehensive Operations Income $ (633,784) $ (236) - - - - - - - - - - - - (173,175) - (173,175) - - - $ (806,959 ) $ (236 ) $ (639,134) $ 3,519 - - - - (74,600) 2,422 (74,600) 2,422 - (877) $ (713,734 ) $ 5,064
						Legal Reserve $ 810,515 94,150 - - 94,150 - - - - - $ 904,665 $ 904,665 - - - - - $ 904,665	Special Reserve $ 431,506 - 202,514 - 202,514 - - - - - $ 634,020 $ 634,020 - - - - - $ 634,020	Unappropri- ated Earnings $ 1,053,851 (94,150 ) (202,514 ) (556,759) (853,423) - 497,384 - 497,384 - $ 697,812 $ 1,165,528 - 150,821 - 150,821 877 $ 1,317,226

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

(With Deloitte & Touche auditors’ review report dated August 5, 2021)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands of New Taiwan Dollars) (Reviewed, Not Audited)

CASH FLOWS FROM OPERATING ACTIVITIES Profit before income tax Adjustments for: Depreciation expenses Amortization expenses Expected credit loss (gain) Net gain on financial assets at fair value through profit or loss Interest expenses Interest income Dividend income Share of loss (profit) of associates Loss (gain) on disposal of property, plant and equipment Loss on disposal of intangible assets Write-downs (reversal) of inventories Net unrealized gain on foreign currency exchange Impairment loss on property, plant and equipment 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 (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES Purchase of financial assets at amortized cost Purchase of financial assets at fair value through profit or loss Proceeds from sale of financial assets at amortized cost 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 (proceeds from) refundable deposits		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ 234,024 193,494 8,396 (1,263) (34,074) 16,888 (16,725) (19,148) 3,263 (1,193) 485 25,969 (51,795) 570 (9) 63,213 360,933 (169,030) (25,287) (411,280) (27,213) 2,412 (8,788) (2,768) 141,074 (17,124) (306,031) (182,081) - (190,616) 207,370 420,327 (449,737) 13,809 (11,363)	2020 $ 785,612 140,210 6,780 5,096 (525) 14,981 (21,525) (4,745) (8,844) 1,368 - (12,728) (14,742) - - 72,256 (317,375) 5,251 (93,653) (65,539) (27,790) (11,955) (1,760) - 450,373 (14,954) (177,957) 257,462 (244,645) (869,284) - 538,428 (42,845) 5,161 6,147 (Continued)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands of New Taiwan Dollars) (Reviewed, Not Audited)

Payments for intangible assets Decrease in non-current assets Increase in prepayments for equipment Increase in prepayments for land use right Interest received Dividends received Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from short-term borrowings Proceeds from (decrease in) short-term bills payable Repayments of bond payables Proceeds from long-term borrowings Proceeds from guarantee deposits received Refunds of guarantee deposits received Repayment of the principal portion of lease liabilities Changes in non-controlling interests Net cash generated from financing activities EFFECTS OF EXCHANGE RATE CHANGES ON THE BALANCE OF CASH AND CASH EQUIVALENTS HELD IN FOREIGN CURRENCIES NET DECREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ (7,023) 2,300 (47,124) - 16,725 30,548 (14,784) 149,057 (29,981) - 46,102 347 - (101,903) - 63,622 (49,423) (182,666) 2,420,807 $ 2,238,141	2020 $ (5,639) - (2,587) (96,961) 21,525 16,145 (674,555) 429,318 30,000 (150,000) - - (223) (70,015) (1,345) 237,735 (141,938) (321,296) 2,889,307 $ 2,568,011

The accompanying notes are an integral part of the consolidated financial statements. (With Deloitte & Touche auditors’ review report dated August 5, 2021) (Concluded)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2021 AND 2020 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise) (Reviewed, Not Audited)

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 August 5, 2021.

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 material impact on the Group’s accounting policies.

b. The IFRSs endorsed by the FSC for application starting from 2022

==> picture [463 x 26] intentionally omitted <==

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

Effective Date
New IFRSs Announced by IASB
----- End of picture text -----

“Annual Improvements to IFRS Standards 2018-2020”	January 1, 2022 (Note 1)
Amendments to IFRS 3 “Reference to the Conceptual Framework”	January 1, 2022 (Note 2)
Amendments to IAS 16 “Property, Plant and Equipment-Proceeds	January 1, 2022 (Note 3)
before Intended Use”
Amendments to IAS 37 “Onerous Contracts - Cost of Fulfilling a	January 1, 2022 (Note 4)
Contract”

9 -
Note 1: The amendments to IFRS 9 are applied prospectively to modifications and exchanges of financial liabilities that occur on or after the annual reporting periods beginning on or after January 1, 2022. The amendments to IAS 41 “Agriculture” are applied prospectively to the fair value measurements on or after the annual reporting periods beginning on or after January 1, 2022. The amendments to IFRS 1 “First-time Adoptions of IFRSs” are applied retrospectively for annual reporting periods beginning on or after January 1, 2022.
Note 2: The amendments are applicable to business combinations for which the acquisition date is on or after the beginning of the annual reporting period beginning on or after January 1, 2022.
Note 3: The amendments are applicable to property, plant and equipment that are brought to the location and condition necessary for them to be capable of operating in the manner intended by management on or after January 1, 2021.
Note 4: The amendments are applicable to contracts for which the entity has not yet fulfilled all its obligations on January 1, 2022.

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

c. New IFRSs in issue but not yet endorsed and issued into effect by the FSC

==> picture [463 x 26] intentionally omitted <==

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

Effective Date
New IFRSs Announced by IASB (Note 1)
----- End of picture text -----

New IFRSs	Effective Date 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 IAS 1 “Classification of Liabilities as Current or	January 1, 2023
Non-current”
Amendments to IAS 1 “Disclosure of Accounting Policies”	January 1, 2023 (Note 2)
Amendments to IAS 8 “Definition of Accounting Estimates”	January 1, 2023 (Note 3)
Amendments to IAS 12 “Deferred Tax related to Assets and	January 1, 2023 (Note 4)
Liabilities arising from a Single Transaction”

Note 1: Unless stated otherwise, the above New IFRSs are effective for annual reporting periods beginning on or after their respective effective dates.
Note 2: The amendments will be applied prospectively for annual reporting periods beginning on or after January 1, 2023.
Note 3: The amendments are applicable to changes in accounting estimates and changes in accounting policies that occur on or after the beginning of the annual reporting period beginning on or after January 1, 2023.
Note 4: Except for deferred taxes that will be recognized on January 1, 2022 for temporary differences associated with leases and decommissioning obligations, the amendments will be applied prospectively to transactions that occur on or after January 1, 2022.

10 -

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Statement of compliance

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

b. Basis of preparation

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

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

1) Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;
2) Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for an asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and
3) Level 3 inputs are unobservable inputs for the asset or liability.
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 6 and 7 for the detailed information of subsidiaries (including the percentages of ownership and main businesses).

d. Other significant accounting policies

Except for the following, refer to the consolidated financial statements for the year ended December 31, 2020.

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.

11 -

2) Taxation

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. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

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

The Group considers the recent development of the COVID-19 in Taiwan and its economic environment implications when making its critical accounting estimates in cash flow projections, growth rate, discount rate, profitability, etc. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised if the revisions affect only that period or in the period of the revisions and future periods if the revisions affect both current and future periods.

6. CASH AND CASH EQUIVALENTS

			December 31,	December 31,
	June 30, 2021			2020	June 30, 2020
Cash on hand	$	2,567	$	2,058	$	2,066
Checking accounts and demand deposits		1,986,320		2,188,915		2,249,346
Cash equivalents
Time deposits with original maturities within 3
months		249,254		229,834		316,599
	$	2,238,141	$	2,420,807	$	2,568,011

7. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

			December	December	31,
	June 30, 2021			2020		June 30, 2020
Financial assets at fair value through profit or
loss (FVTPL)-current
Financial assets mandatorily classified as at
FVTPL
Derivative financial assets
Foreign exchange forward contracts (a)	$	1,861	$	22,322		$	-
Non-derivative financial assets
Domestic listed shares		78,472		200,701			81,401
Mutual funds		-			-		21,400
Hybrid financial assets
Structured deposits (b)		107,953		152,926			315,132
	$	188,286	$	375,949		$	417,933

(Continued)

12 -

			December	31,
June	30,	2021	2020		June	30,	2020

Financial assets at FVTPL - non-current

Financial assets mandatorily classified as at FVTPL Non-derivative financial assets Domestic emerging market shares Overseas unlisted shares Private funds	$ 15,621 37,136 7,996 $ 60,753	$ 15,619 51,579 3,088 $ 70,286	$ 13,547 46,185 - $ 59,732 (Concluded)

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

June 30, 2021

			Notional Amount
	Currency	Maturity Date	(In Thousands)
Sell	US$/RMB	2021.07	US$1,000/RMB6,522
Sell	US$/RMB	2021.07	US$1,000/RMB6,537
Sell	US$/RMB	2021.07	US$1,000/RMB6,539
Sell	US$/RMB	2021.08	US$1,000/RMB6,553
Sell	US$/RMB	2021.08	US$1,000/RMB6,561
Sell	US$/RMB	2021.08	US$1,000/RMB6,562
Sell	US$/RMB	2021.09	US$1,000/RMB6,600

December 31, 2020

			Notional Amount
	Currency	Maturity Date	(In Thousands)
Sell	US$/RMB	2021.01	US$1,000/RMB6,528
Sell	US$/RMB	2021.02	US$1,000/RMB6,973
Sell	US$/RMB	2021.02	US$1,000/RMB6,854
Sell	US$/RMB	2021.02	US$1,000/RMB6,890
Sell	US$/RMB	2021.02	US$1,000/RMB6,891
Sell	US$/RMB	2021.03	US$1,000/RMB6,987
Sell	US$/RMB	2021.03	US$2,000/RMB13,882
Sell	US$/RMB	2021.03	US$2,000/RMB13,842
Sell	US$/RMB	2021.03	US$2,000/RMB13,682
Sell	US$/RMB	2021.04	US$1,000/RMB6,760
Sell	US$/RMB	2021.05	US$1,000/RMB6,832
Sell	US$/RMB	2021.06	US$1,000/RMB6,670
Sell	US$/RMB	2021.06	US$1,000/RMB6,612
Sell	US$/RMB	2021.06	US$1,000/RMB6,597

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

13 -
b. The Group successively entered into 1-6 month structured time deposit contracts with bank for the three months ended June 30, 2021 and 2020. The structured time deposit contract includes an embedded derivative instrument which is not closely related to the host contract. The entire contract is assessed and mandatorily classified as at FVTPL since it contained a host that is an asset within the scope of IFRS 9.

8. FINANCIAL ASSETS AT AMORTIZED COST

			December	December	31,
	June 30, 2021			2020		June 30, 2020
Current
Time deposits with original maturities of more
than 3 months	$	392,672	$	601,313		$ 414,347
Time deposits pledged as collateral with original
maturities of more than 3 months		6,808		3,964			-
Restricted deposit		1,100		550			-
	$	400,580	$	605,827		$ 414,347
Non-current
Time deposits with original maturities of more
than 1 year	$	480	$		-	$	-

See Note 26 for detailed information on financial assets at amortized cost pledged as collateral.

9. TRADE RECEIVABLES, NET

		December 31,
	June 30, 2021	2020	June 30, 2020
At amortized cost
Gross carrying amount	$ 3,361,061	$ 3,627,405	$ 3,407,544
Less: Allowance for impairment loss	(9,373)	(10,876)	(19,694)
	$ 3,351,688	$ 3,616,529	$ 3,387,850

The average credit period of sales of goods was 130-160 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.

14 -

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

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

June 30, 2021

Not Past Due Expected credit loss rate - Gross carrying amount $ 3,278,284 Loss allowance (Lifetime ECLs) - Amortized cost $ 3,278,284 December 31, 2020 Not Past Due Expected credit loss rate - Gross carrying amount $ 3,542,654 Loss allowance (Lifetime ECLs) - Amortized cost $ 3,542,654 June 30, 2020 Not Past Due Expected credit loss rate - Gross carrying amount $ 3,294,516 Loss allowance (Lifetime ECLs) - Amortized cost $ 3,294,516	Less than 30 Days 31 to 90 Days 3.95% 19.45% $ 54,687 $ 24,474 (2,159) (4,761) $ 52,528 $ 19,713 Less than 30 Days 31 to 90 Days 5.51% 14.83% $ 41,942 $ 38,235 (2,313) (5,669) $ 39,629 $ 32,566 Less than 30 Days 31 to 90 Days 4.39% 19.28% $ 51,695 $ 38,728 (2,267) (7,465) $ 49,428 $ 31,263	91 to 180 Days 46.45% $ 1,985 (922) $ 1,063 91 to 180 Days 42.93% $ 2,944 (1,264) $ 1,680 91 to 180 Days 39.74% $ 20,152 (8,008) $ 12,144	Over 180 Days 100% $ 1,531 (1,531) $ - Over 180 Days 100% $ 1,630 (1,630) $ - Over 180 Days 79.66% $ 2,453 (1,954) $ 499	Total $ 3,361,061 (9,373) $ 3,351,688 Total $ 3,627,405 (10,876) $ 3,616,529 Total $ 3,407,544 (19,694) $ 3,387,850

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

Balance at January 1 Add: Net remeasurement of loss allowance Less: Reversal of loss allowance Foreign exchange gains and losses Balance at June 30		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ 10,876 - (1,263) (240) $ 9,373	2020 $ 14,444 5,096 - 154 $ 19,694

15 -

10. INVENTORIES

			December 31,	December 31,
	June 30, 2021			2020	June	30, 2020
Finished goods	$	423,476	$	327,374	$	304,934
Work in progress		260,886		234,759		167,070
Raw materials		431,262		405,021		274,983
	$ 1,115,624		$	967,154	$	746,987

The cost of goods sold for the three months and the six months ended June 30, 2021, included inventory write-downs of $5,524 thousand and $25,969 thousand, respectively. The cost of goods sold for the three months and the six months ended June 30, 2020, included reversals of inventory $14,412 thousand and $12,728 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.
Syncmold Enterprise
(Samoa) Corp.
The trading and commercial related practices of
all metal molds and plastic molds as well as
the reinvestment of subsidiaries in mainland
China.
Grand Advance Inc.
The trading, imports, exports and investments of
electronic parts.
Syncmold Enterprise
(USA) Corp.
The trading, imports and exports of electronic
parts.
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.
Leohab Enterprise Co.,
Ltd.
Precision hardware components manufacturing.
Grand Advance Inc.
Canford International
Limited
Import and export trade and investment
business.
Fullking Development
Limited
Import and export trade and investment
business.
Full Glary Holding
Limited
Import and export trade and investment
business.
Syncmold Enterprise
(Samoa) Corp.
Full Big Limited
Reinvesting subsidiaries of mainland China and
international business.
Forever Business
Development Limited
Reinvesting subsidiaries of mainland China and
international business.
Full Celebration Limited
Reinvesting subsidiaries of mainland China and
international business.
Fuzhou Fulfil Tech Co.,
Ltd.
Electronic parts processing and manufacturing,
trading and related import and export
business.
Fujian Khuan Hua Precise
Mold Co., Ltd.
Processing, manufacturing, trading and related
import and export business of various metal
molds, plastic molds and plastic injection
molds.
Fuqing Fuqun Electronic
Hardware Tech Co.,
Ltd.
Electronic parts processing and manufacturing,
trading and related import and export
business.
Gatetech
Technology Inc.
Gatech Holding Ltd.
General investment business.
Leohab Enterprise
Co., Ltd.
Sweet International Group
Ltd.
General investment business.

Proportion of Ownership (%)
June 30, 2021
December 31,
2020
June 30, 2020
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
73.43
73.43
72.98
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
70.00
70.00
-
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 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 2
100.00
100.00
100.00
Note 2
100.00
100.00
100.00
Note 2
100.00
100.00
-
Note 3

(Continued)

16 -

Investor
Investee
Nature of Activities
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.
Commuwell Enterprise
(Thailand) Co., Ltd.
Plastic shot and hardware components
manufacturing.

Proportion of Ownership (%)
June 30, 2021
December 31,
2020
June 30, 2020
Note
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
-
Note 3
100.00
100.00
-
Note 3
100.00
100.00
-
Note 3
(Concluded)

Note 1: Its financial statements for the six months ended June 30, 2021 and 2020 have been reviewed.

Note 2: As the subsidiary is not a major subsidiary, its financial statements for the six months ended June 30, 2021 and 2020 have not been reviewed.
Note 3: The subsidiary is not a major subsidiary. On November 30, 2020, the Corporation completed the acquisition of Leohab Enterprise Co., Ltd. for a cash consideration of $232,677 thousand after the acquisition, the Corporations percentage of ownership in Leohab Enterprise Co., Ltd. was 70%. Its financial statements for the six months ended June 30, 2021 have not been reviewed.
Note 4: The subsidiary is not a major subsidiary. On July 27, 2020, the Corporation acquired additional 0.45% ownerships in Gatetech Technology Inc. for a cash consideration of $2,470 thousand. Except for 2020, its financial statements for the six months ended June 30, 2021 have been reviewed.

12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

		December 31,
	June 30, 2021	2020	June 30, 2020
Associates that are not individually material
Unlisted company
High Grade Tech Co., Ltd.	$ 120,125	$ 128,639	$ 123,380
Corebio technologies Co., Ltd.	32,190	35,917	42,316
	$ 152,315	$ 164,556	$ 165,696

Investments were accounted for using the equity method and the share of profit or loss for the six months ended June 30, 2021 and 2020 was calculated based on financial statements which have not been reviewed.

17 -

13. PROPERTY, PLANT AND EQUIPMENT

Cost Balance at January 1, 2021 Additions Disposals Transfer from prepayments for equipment Reclassifications Effect of foreign currency exchange differences Balance at June 30, 2021 Accumulated depreciation and impairment Balance at January 1, 2021 Disposals Depreciation expenses Impairment losses recognized Reclassifications Effect of foreign currency exchange differences Balance at June 30, 2021 Carrying amounts at June 30, 2021 Cost Balance at January 1, 2020 Additions Disposals Transfer from prepayments for equipment Acquisitions through business combinations Reclassifications Effect of foreign currency exchange differences Balance at June 30, 2020 Accumulated depreciation and impairment Balance at January 1, 2020 Disposals Depreciation expenses Reclassifications Effect of foreign currency exchange differences Balance at June 30, 2020 Carrying amounts at June 30, 2020	Freehold Land $ 714,292 46,172 - 10,673 - (406) $ 770,731 $ - - - - - - $ - $ 770,731 $ 495,581 - - - - - - $ 495,581 $ - - - - - $ - $ 495,581	Buildings $ 883,285 40,455 (10,402 ) 3,927 9,418 (20,782) $ 905,901 $ 444,043 (10,402 ) 33,489 - 8,461 (13,227) $ 462,364 $ 443,537 $ 641,034 4,258 (17,848 ) - - 537 (11,478) $ 616,503 $ 320,970 (13,969 ) 14,200 1,473 (6,540) $ 316,134 $ 300,369	Equipment Transportation Equipment $ 1,497,074 $ 41,069 105,345 1,354 (37,066 ) (933 ) 15,358 - (12,130 ) 87 (40,206) (1,510) $ 1,528,375 $ 40,067 $ 1,056,696 $ 24,956 (25,782 ) (840 ) 40,167 2,013 340 - (8,456 ) 289 (28,436) 173 $ 1,034,529 $ 26,591 $ 493,846 $ 13,476 $ 1,119,133 $ 32,396 31,392 1,834 (23,409 ) (916 ) 7,790 - - - 665 - (22,097) (716) $ 1,113,474 $ 32,598 $ 747,814 $ 19,070 (21,183 ) (824 ) 40,026 2,021 (182 ) - (15,003) (652) $ 751,472 $ 19,615 $ 362,002 $ 12,983	Office Equipment $ 50,318 10,254 (3,070 ) 2,560 (461 ) (589) $ 59,012 $ 32,117 (2,893 ) 3,762 - (415 ) 578 $ 33,149 $ 25,863 $ 41,780 1,084 (1,063 ) - - (429 ) (949) $ 40.423 $ 29,435 (740 ) 2,076 (131 ) (1,260) $ 29,380 $ 11,043	Other Equipment Property Under Construction $ 250,313 $ - 41,806 204,351 (16,704 ) - - - (6,187 ) - (15,137) 16,569 $ 254,091 $ 220,920 $ 192,522 $ - (15,642 ) - 12,260 - 230 - (6,818 ) - (21,294) - $ 161,258 $ - $ 92,833 $ 220,920 $ 84,415 $ - 4,277 - (93 ) - 1,667 - - - 429 - (3,943) - $ 86,752 $ - $ 60,339 $ - (84 ) - 3,607 - 257 - (1,320) - $ 65,439 $ - $ 21,313 $ -	Total $ 3,436,351 449,737 (68,175 ) 32,518 (9,273 ) (62,061) $ 3,779,097 $ 1,750,334 (55,559 ) 91,691 570 (6,939 ) (62,206) $ 1,717,891 $ 2,061,206 $ 2,414,339 42.845 (43,329 ) 9,457 - 1,202 (39,183) $ 2,385,331 $ 1,177,628 (36,800 ) 61,930 1,417 (22,135) $ 1,182,040 $ 1,203,291

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 26 for detailed information on property, plant and equipment pledged as collateral.

18 -

14. LEASE ARRANGEMENTS

a. Right-of-use assets

June 30, 2021 December 31, 2020 June 30, 2020 $ 180,284 $ 174,905 $ 52,073 396,902 318,942 331,238 1,596 1,655 390 $ 578,782 $ 495,502 $ 383,701 For the Three Months Ended June 30 For the Six Months Ended June 30 2021 2020 2021 2020 $ 184,891 $ 34,200 $ 1,146 $ 98 $ 2,047 $ 249 52,404 44,269 99,180 77,845 286 93 576 186 $ 53,836 $ 44,460 $ 101,803 $ 78,280 $ - $ (4,695) $ - $ (9,612)	June 30, 2021 December 31, 2020 June 30, 2020 $ 180,284 $ 174,905 $ 52,073 396,902 318,942 331,238 1,596 1,655 390 $ 578,782 $ 495,502 $ 383,701 For the Three Months Ended June 30 For the Six Months Ended June 30 2021 2020 2021 2020 $ 184,891 $ 34,200 $ 1,146 $ 98 $ 2,047 $ 249 52,404 44,269 99,180 77,845 286 93 576 186 $ 53,836 $ 44,460 $ 101,803 $ 78,280 $ - $ (4,695) $ - $ (9,612)	June 30, 2021 December 31, 2020 June 30, 2020 $ 180,284 $ 174,905 $ 52,073 396,902 318,942 331,238 1,596 1,655 390 $ 578,782 $ 495,502 $ 383,701 For the Three Months Ended June 30 For the Six Months Ended June 30 2021 2020 2021 2020 $ 184,891 $ 34,200 $ 1,146 $ 98 $ 2,047 $ 249 52,404 44,269 99,180 77,845 286 93 576 186 $ 53,836 $ 44,460 $ 101,803 $ 78,280 $ - $ (4,695) $ - $ (9,612)	June 30, 2021 December 31, 2020 June 30, 2020 $ 180,284 $ 174,905 $ 52,073 396,902 318,942 331,238 1,596 1,655 390 $ 578,782 $ 495,502 $ 383,701 For the Three Months Ended June 30 For the Six Months Ended June 30 2021 2020 2021 2020 $ 184,891 $ 34,200 $ 1,146 $ 98 $ 2,047 $ 249 52,404 44,269 99,180 77,845 286 93 576 186 $ 53,836 $ 44,460 $ 101,803 $ 78,280 $ - $ (4,695) $ - $ (9,612)
	$

2021 $ 1,146 52,404 286 $ 53,836 $ -		2021 $ 184,891 $ 2,047 99,180 576 $ 101,803 $ -	2020 $ 34,200 $ 249 77,845 186 $ 78,280 $ (9,612)

Except for the recognized depreciation, the Group did not have any significant impairment of right-of-use assets during the six months ended June 30, 2021 and 2020.

b. Lease liabilities

		December 31,
	June 30, 2021	2020	June 30, 2020
Carrying amounts
Current	$ 165,258	$ 133,785	$ 126,200
Non-current	$ 216,151	$ 170,268	$ 186,286
Range of discount rate for lease liabilities was as follows:
		December 31,
	June 30, 2021	2020	June 30, 2020
Buildings	0.94%-4.90%	0.94%-4.90%	0.94%-4.90%
Transportation equipment	0.94%-4.55%	0.94%-1.69%	0.94%

19 -

c. Subleases

The Group subleases its right-of-use assets for buildings under operating leases with lease terms of 5 years 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.

d. Other lease information

Expenses relating to short-term leases Total cash outflow for leases	For the Three Months Ended June 30 2021 2020 $ 7,894 $ 4,970	For the Three Months Ended June 30 2021 2020 $ 7,894 $ 4,970		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ 7,894		2021 $ 16,433 $(126,429)	2020 $ 8,995 $ (91,272)

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

15. GOODWILL

		December 31,	December 31,
	June 30, 2021		2020	June 30, 2020
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 amounts at end of period	$ 324,597	$	324,597	$ 324,597
INTANGIBLE ASSETS
		December 31,
	June 30, 2021		2020	June 30, 2020
Trademarks	$ 58	$	66	$ -
Computer software	30,574		31,545	25,248
Patents	1,549		2,639	-
	$ 32,181	$	34,250	$ 25,248

16. INTANGIBLE ASSETS

20 -

Except for the recognized amortization, the Group did not have any significant additions, disposals or impairment of intangible assets during the six months ended June 30, 2021 and 2020. 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

17. BORROWINGS

a. Short-term borrowings

			December 31,	December 31,
	June 30, 2021			2020	June 30, 2020
Secured borrowings
Mortgage loans	$	524,000	$	484,000	$	390,000
Bank loans		6,314		8,895		-
Unsecured borrowings
Line of credit borrowings		1,488,982		1,374,800		1,046,300
	$	2,019,296	$	1,867,695	$	1,436,300

The range of interest rates on bank loans was 0.57%-3.75%, 0.67%-3.75% and 0.84%-1.05% on June 30, 2021, December 31, 2020 and June 30, 2020, respectively.

b. Short-term bills payable

			December 31,	December 31,
	June 30, 2021			2020	June 30, 2020
Commercial paper	$	-	$	30,000	$ 30,000
Less: Unamortized discounts on bills payable		-		(19)		-
	$	-	$	29,981	$ 30,000
Long-term borrowings
			December 31,
	June 30, 2021			2020	June 30, 2020
Secured borrowings
Mortgage loans	$	111,056	$	59,500	$	-
Unsecured borrowings
Line of credit borrowings		8,182		13,636		-
		119,238		73,136		-
Less: Current portion		(17,671)		(16,909)		-
	$	101,567	$	56,227	$	-

c. Long-term borrowings

21 -

18. OTHER PAYABLES

		December 31,
	June 30, 2021	2020	June 30, 2020
Current
Other payables
Payables for salaries or bonuses	$ 224,132	$ 280,535	$ 243,557
Payables for dividends	-	-	556,759
Others	248,809	218,182	143,887
	$ 472,941	$ 498,717	$ 944,203

19. RETIREMENT BENEFIT PLANS

For the three months and six months ended June 30, 2021 and 2020, the pension expenses of defined benefit plans were $118 thousand, $124 thousand, $234 thousand and $243 thousand, respectively, and these were calculated based on the actuarially determined pension cost rate on December 31, 2020 and 2019, respectively.

20. EQUITY

a. Share capital

Ordinary shares

		December 31,
	June 30, 2021	2020	June 30, 2020
Number of shares authorized (in thousands)	200,000	200,000	200,000
Amount of shares authorized	$ 2,000,000	$ 2,000,000	$ 2,000,000
Number of shares issued and fully paid (in
thousands)	123,724	123,724	123,724
Amount of shares issued	$ 1,237,242	$ 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.

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

b. Capital surplus

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

Capital surplus arises from the effect of changes in ownership interests in subsidiaries resulting from equity transactions other than actual disposals or acquisitions, or from changes in capital surplus of subsidiaries accounted for using the equity method and unclaimed dividends may be only use to offset a deficit.

22 -
c. Retained earnings and dividends policy

Under the dividends policy as set forth in the amended Articles, where the Group 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 Group’s board of directors as the basis for proposing a distribution plan, which should be resolved in the shareholders’ meeting for the distribution of dividends and bonuses to shareholders. For the policies on the distribution of compensation of employees and remuneration of directors and supervisors after the amendment, refer to compensation of employees and remuneration of directors and supervisors in Note 21-b.

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

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

The appropriations of earnings for 2020 and 2019 which were approved in the shareholders’ meetings on March 16, 2021 and board of director’ meeting on June 18, 2020, respectively, were as follows:

Legal reserve Special reserve Cash dividends	Appropriation of Earnings For the Year Ended December 31 2020 2019 $ 96,510 $ 94,150 1,595 202,514 618,621 556,759	Dividends Per Share (NT$)
		For the Year Ended December 31
		2020 2019 $5.00 $4.50

In response to the “Relevant Measures for Postponement of Shareholders’ Meetings of Public Offering Companies in Response to the Epidemic” announced by the Financial Management Committee, the Corporation and its subsidiaries suspended the original schedule of the convening of their shareholders’ meetings. The appropriations of earnings for 2020 have been resolved at the shareholders’ meeting held on July 30, 2021.

23 -

d. Special reserve

Balance at January 1 Appropriated special reserve Debits to other equity items Balance at June 30		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ 634,020 - $ 634,020	2020 $ 431,506 202,514 $ 634,020

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 Group appropriated a special reserve at the amount of $230,916 thousand. 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.

e. Non-controlling interests

Balance at January 1 Non-controlling interests arising from acquisition of subsidiaries Share of profit (loss) for the year Other comprehensive income (loss) during the year Exchange differences on translating the financial statements of foreign operations Balance at June 30		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ 343,138 - (3,859) (9,783) $ 329,496	2020 $ 229,257 (1,345) 8,377 (4,485) $ 231,804

21. NET PROFIT

a. Employee benefits expense, depreciation and amortization

Employee benefits expense Defined contribution plan Defined benefit plan Other employee benefits Depreciation Amortization			For the Three Months Ended June 30	For the Three Months Ended June 30	For the Three Months Ended June 30	For the Three Months Ended June 30	For the Three Months Ended June 30
			2021	Total $ 21,352 118 571,464 $ 592,934 $ 98,889 $ 3,824			2020
		Operating Costs $ 15,786 71 460,685 $ 476,542 $ 62,626 $ 1	Operating Expenses $ 5,566 47 110,779 $ 116,392 $ 36,263 $ 3,823			Operating Costs $ 5,836 66 363,302 $ 369,204 $ 48,400 $ 66	Operating Expenses $ 2,811 58 110,934 $ 113,803 $ 21,391 $ 3,385	Total $ 8,647 124 474,236 $ 483,007 $ 69,791 $ 3,451

24 -

For the Six Months Ended June 30

Employee benefits expense Defined contribution plan Defined benefit plan Other employee benefits Depreciation Amortization			2021	Total $ 47,714 234 1,170,377 $ 1,218,325 $ 193,494 $ 8,396			2020
		Operating Costs $ 36,717 141 917,095 $ 953,953 $ 122,719 $ 515	Operating Expenses $ 10,997 93 253,382 $ 264,372 $ 70,775 $ 7,881			Operating Costs $ 15,861 150 651,236 $ 667,247 $ 93,154 $ 146	Operating Expenses $ 6,216 93 203,966 $ 210,275 $ 47,056 $ 6,634	Total $ 22,077 243 855,202 $ 877,522 $ 140,210 $ 6,780

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 and supervisors. The compensation of employees and the remuneration of directors and supervisors for the three months and the six months ended June 30, 2021 and 2020, respectively, are as follows:

Accrual rate

Compensation of employees Remuneration of directors and supervisors Amount For the Three Months Ended June 30 2021 2020 Compensation of employees $ 1,441 $ 30,629 Remuneration of directors and supervisors $ 569 $ 6,723	For the Six Months Ended June 30	For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 2020 6.55% 6.58% 1.57% 1.45% For the Six Months Ended June 30
		2021 $ 12,431 $ 2,982	2020 $ 41,652 $ 9,143

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 2020 and 2019 that were resolved by the board of directors on March 16, 2021 and March 13, 2020, respectively, are as shown below:

Amount

Compensation of employees Remuneration of directors and supervisors	For the Year Ended December 31 2020 2019 Cash Cash $ 80,000 $ 79,000 18,000 18,000	For the Year Ended December 31 2020 2019 Cash Cash $ 80,000 $ 79,000 18,000 18,000
		2019
		Cash $ 79,000 18,000

25 -

The Corporation held board of directors’ meetings on March 16, 2021 and March 13, 2020 and the meetings resulted in the actual amounts of the compensation of employees and remuneration of directors and supervisors paid for 2020 and 2019 to differ from the amounts recognized in the consolidated financial statements. The adjustment for differences was recognized in profit and loss for the years ended December 31, 2021 and 2020.

Amounts approved in the board of director’s meeting Amounts recognized in the annual consolidated financial statements	For the Year Ended December 31	For the Year Ended December 31
	2020 Compensation of Employees Remuneration of Directors and Supervisors $ 80,000 $ 18,000 $ 80,847 $ 17,747	2019
		Compensation of Employees Remuneration of Directors and Supervisors $ 79,000 $ 18,000 $ 79,339 $ 17,416

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

22. INCOME TAXES

a. Income tax recognized in profit or loss

Major components of income tax expense are as follows:

Current tax In respect of the current period Income tax on unappropriated earnings Adjustments for prior periods Deferred tax In respect of the current period Adjustments for prior periods Income tax expense recognized in profit or loss	For the Three Months Ended June 30 2021 2020 $ 92,948 $ 133,981 - 4,404 (2,752) 2,488 90,196 140,873 (79,722) 46,234 - 2,359 (79,722) 48,593 $ 10,474 $ 189,466	For the Three Months Ended June 30 2021 2020 $ 92,948 $ 133,981 - 4,404 (2,752) 2,488 90,196 140,873 (79,722) 46,234 - 2,359 (79,722) 48,593 $ 10,474 $ 189,466		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ 92,948 - (2,752) 90,196 (79,722) - (79,722) $ 10,474		2021 $ 167,280 - (2,752) 164,528 (77,466) - (77,466) $ 87,062	2020 $ 202,761 4,404 2,488 209,653 67,839 2,359 70,198 $ 279,851

b. Income tax assessments

The income tax returns of the Leohab Enterprise Co., Ltd. through 2017 have been assessed by the tax authorities.

26 -

The income tax returns of the Corporation and Gatetech Technology Inc. through 2018 have been assessed by the tax authorities.

23. EARNINGS PER SHARE

Net Profit for the Period

Earning used in the computation of diluted earnings per share Shares	For the Three Months Ended June 30 2021 2020 $ 24,706 $ 364,610	For the Three Months Ended June 30 2021 2020 $ 24,706 $ 364,610		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ 24,706		2021 $ 150,821	2020 $ 497,384

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 Compensation of employees Weighted average number of ordinary shares used in the computation of diluted earnings per share	For the Three Months Ended June 30 2021 2020 123,724 123,724 149 514 123,873 124,238	For the Three Months Ended June 30 2021 2020 123,724 123,724 149 514 123,873 124,238		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 123,724 149 123,873		2021 123,724 522 124,246	2020 123,724 920 124,644

If the Group offered to settle the compensation paid to employees in cash or shares, the Group assumed that the entire amount of the compensation will be settled in shares, and the resulting potential shares were 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.

24. FINANCIAL INSTRUMENTS

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

The carrying amounts of the financial assets and financial liabilities that are not measured at fair value are approximately equal to their fair value.

27 -
b. Fair value of financial instruments measured at fair value on a recurring basis
1) Fair value hierarchy

June 30, 2021

Financial assets at FVTPL Foreign exchange forward contracts Listed shares Structured deposits Emerging market shares Overseas unlisted shares Private funds December 31, 2020 Financial assets at FVTPL Foreign exchange forward contracts Listed shares Structured deposits Emerging market shares Overseas unlisted shares Private funds June 30, 2020 Financial assets at FVTPL Listed shares Mutual funds Structured deposits Emerging market shares Overseas unlisted shares	Level 1 $ - 78,472 107,953 7,691 - - $ 194,116 Level 1 $ - 200,701 152,926 6,708 - - $ 360,335 Level 1 $ 81,401 21,400 315,132 5,116 - $ 423,049	Level 2 $ 1,861 - - - - - $ 1,861 Level 2 $ 22,322 - - - - - $ 22,322 Level 2 $ - - - - - $ -	Level 3 $ - - - 7,930 37,136 7,996 $ 53,062 Level 3 $ - - - 8,911 51,579 3,088 $ 63,578 Level 3 $ - - - 8,431 46,185 $ 54,616	Total $ 1,861 78,472 107,953 15,621 37,136 7,996 $ 249,039 Total $ 22,322 200,701 152,926 15,619 51,579 3,088 $ 446,235 Total $ 81,401 21,400 315,132 13,547 46,185 $ 477,665

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

28 -
2) Reconciliation of Level 3 fair value measurements of financial instruments

For the six months ended June 30, 2021

Balance at January 1, 2021 Purchase Recognized in profit or loss (included in net gain on fair value changes of financial assets at fair value through profit or loss) Balance at June 30, 2021 For the six months ended June 30, 2020	Financial Assets at FVTPL
	Equity Instruments $ 63,578 8,105 (18,621) $ 53,062

Balance at January 1, 2020 Recognized in profit or loss (included in net gain on fair value changes of financial assets at fair value through profit or loss) Balance at June 30, 2020	Financial Assets at FVTPL
	Equity Instruments $ 57,409 (2,793) $ 54,616

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

==> picture [446 x 14] intentionally omitted <==

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

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

Financial Instrument	Valuation Technique and Inputs
Foreign exchange forward	Discounted cash flows Future cash flows are estimated based
contracts	on observable forward exchange rates at the end of the year
	and contract forward rates, discounted at a rate that reflects
	the credit risk of various counterparties.

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

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

c. Categories of financial instruments

			December 31,	December 31,
	June 30, 2021			2020	June 30, 2020
Financial assets
Mandatorily classified as at FVTPL	$	249,039	$	446,235	$	477,665
Financial assets at amortized cost (Note 1)		6,430,158		7,124,038		6,769,713
Financial liabilities
Financial liabilities at amortized cost (Note 2)		4,201,631		4,373,990		4,035,610

29 -
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 short-term borrowings, notes payable and trade payables, other payable, long-term borrowings, and guarantee deposits received.
d. Financial risk management objectives and policies

The Group’s major financial instruments include equity and debt investments, trade receivables, trade payables, and borrowings. The Group’s corporate treasury function provides services to the business, coordinates access to domestic and international financial markets, and monitors and manages the financial risks relating to the operations of the Group through internal risk reports that analyze exposures by degree and magnitude of risks. These risks include market risk (including foreign currency risk and interest rate 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 exposed the Group to foreign currency risk.

The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities (including those eliminated on consolidation) and of the derivatives exposed to foreign currency risk at the end of the reporting period are set out in Note 28.

Sensitivity analysis

The Group is mainly exposed to the USD and RMB.

30 -

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 adjusts their translation at the end of the reporting period for a 1% change in foreign currency rates. A negative number below indicates a decrease in pre-tax profit associated with the New Taiwan dollar strengthening 1% against the relevant currency. For a 1% weakening of the New Taiwan dollar against the relevant currency, there would be an equal and opposite impact on pre-tax profit, and the balances below would be positive.

USD impact USD:NTD USD:RMB USD:VND RMB impact RMB:NTD RMB:USD		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ 3,563 $ (15,401) $ (135) $ (1,821) $ (4,042)	2020 $ 5,982 $ (20,904) $ - $ (1,507) $ (1,429)

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.

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

			December 31,	December 31,
	June 30, 2021			2020	June 30, 2020
Fair value interest rate risk
Financial assets	$	758,267	$	988,587	$ 1,046,078
Financial liabilities		2,519,943		2,274,865	1,778,786
Cash flow interest rate risk
Financial assets		1,980,427		2,185,789	2,245,861

31 -

Sensitivity analysis

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

If interest rates had been 100 basis point higher/lower and all other variables were held constant, the Group’s pre-tax profit for the six months ended June 30, 2021 and 2020 would increase/decrease by $9,902 thousand and $11,229 thousand, respectively.

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

c) Other price risk

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

Sensitivity analysis

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

If equity prices had been 1% higher/lower, pre-tax profit for the six months ended June 30, 2021 and 2020 would have increased/decreased by $1,312 thousand and $1,625 thousand, respectively, as a result of the changes in fair value of financial assets at FVTPL.

The Group’s sensitivity to other price risk has not changed significantly from the prior period.

2) Credit risk

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

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

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

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

32 -

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. As of June 30, 2021, December 31, 2020 and June 30, 2020, the Group had available unutilized short-term bank loan facilities set out in (b) below.

Financing facilities

			December 31,	December 31,
	June 30, 2021			2020	June 30, 2020
Unsecured bank overdraft facilities,
reviewed annually and payable on
demand
Amount used	$	1,497,164	$	1,388,436	$	1,046,300
Amount unused		2,026,018		1,930,200		1,703,700
	$	3,523,182	$	3,318,636	$	2,750,000
Secured bank overdraft facilities
Amount used	$	641,370	$	552,395	$	390,000
Amount unused		110,808		169,493		10,000
	$	752,178	$	721,888	$	400,000

25. TRANSACTIONS WITH RELATED PARTIES

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

a. Related party name and category

Related Party Name

Related Party Category

High Grade Tech Co., Ltd. Associate Chen Chien Hung Related party in substance Chen Chien Yuan The legal representative of the Corporation’s director (Note)

Note: Before June 2020, Chen Chien Yuan was related party in substance.

b. Operating expenses

Related Party Category Associate	For the Three Months Ended June 30 2021 2020 $ - $ -	For the Three Months Ended June 30 2021 2020 $ - $ -		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ -		2021 $ -	2020 $ 4

33 -

c. Leases agreements

Line Item Related Party Category June 30, 2021 December 31, 2020 June 30, 2020 Lease liabilities Related party in substance $ 965 $ 1,685 $ 2,401 The legal representative 527 921 1,313 of the Corporation’s director $ 1,492 $ 2,606 $ 3,714 For the Three Months Ended June 30 For the Six Months Ended June 30 Related Party Category 2021 2020 2021 2020 Interest expense Related party in substance $ 3 $ 6 $ 7 $ 6 The legal representative of the Corporation’s director 2 3 4 4 $ 5 $ 9 $ 11 $ 10 Lease expense The legal representative of the Corporation’s director $ - $ 233 $ - $ 459	Line Item Related Party Category June 30, 2021 December 31, 2020 June 30, 2020 Lease liabilities Related party in substance $ 965 $ 1,685 $ 2,401 The legal representative 527 921 1,313 of the Corporation’s director $ 1,492 $ 2,606 $ 3,714 For the Three Months Ended June 30 For the Six Months Ended June 30 Related Party Category 2021 2020 2021 2020 Interest expense Related party in substance $ 3 $ 6 $ 7 $ 6 The legal representative of the Corporation’s director 2 3 4 4 $ 5 $ 9 $ 11 $ 10 Lease expense The legal representative of the Corporation’s director $ - $ 233 $ - $ 459	Line Item Related Party Category June 30, 2021 December 31, 2020 June 30, 2020 Lease liabilities Related party in substance $ 965 $ 1,685 $ 2,401 The legal representative 527 921 1,313 of the Corporation’s director $ 1,492 $ 2,606 $ 3,714 For the Three Months Ended June 30 For the Six Months Ended June 30 Related Party Category 2021 2020 2021 2020 Interest expense Related party in substance $ 3 $ 6 $ 7 $ 6 The legal representative of the Corporation’s director 2 3 4 4 $ 5 $ 9 $ 11 $ 10 Lease expense The legal representative of the Corporation’s director $ - $ 233 $ - $ 459
$

	2021 $ 7 4 $ 11 $ -	2020 $ 6 4 $ 10 $ 459

Lease expenses included expenses relating to short-term leases.

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

d. Prepayments

	Related Party		December	December	31,
Line Item	Category	June 30, 2021		2020		June 30, 2020
Prepaid expense	The legal	$ -	$		-	$ 76
(including other	representative of
current assets)	the Corporation’s
	director

e. Compensation of key management personnel

Short-term employee benefits Post-employment benefits	For the Three Months Ended June 30 2021 2020 $ 14,914 $ 12,097 78 70 $ 14,992 $ 12,167	For the Three Months Ended June 30 2021 2020 $ 14,914 $ 12,097 78 70 $ 14,992 $ 12,167		For the Six Months Ended June 30	For the Six Months Ended June 30
		2021 $ 14,914 78 $ 14,992		2021 $ 29,828 157 $ 29,985	2020 $ 24,194 140 $ 24,334

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

34 -

26. ASSETS PLEDGED AS COLLATERAL OR FOR SECURITY

The following assets were provided as collateral for short-term borrowings and current portion of bonds payable:

				December 31,	December 31,
		June 30, 2021			2020	June 30, 2020
Financial	assets at amortized cost - current	$	6,808	$	3,964	$	-
Property,	plant and equipment		825,859		706,058		512,830
		$	832,667	$	710,022	$	512,830

27. OTHER ITEMS

A fire broke out in the premises of Suzhou Fulfil Electronics Co., Ltd. on January 20, 2021, which caused damage to some of the plant, machinery, equipment and inventories. The Corporation has property insurance and public liability insurance for the aforementioned plant, machinery, equipment and inventories. The estimated cost of damage in the amount of NT$17,833 thousand was recognized in other gains and losses.

28. 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:

June 30, 2021

		Foreign		Carrying
		Currency	Exchange Rate	Amount
Financial assets
Monetary items
USD	$	39,074	27.86 (USD:NTD)	$ 1,088,602
USD		58,217	6.4601 (USD:RMB)	1,621,926
USD		484	24,804 (USD:VND)	13,484
RMB		52,535	4.3090 (RMB:NTD)	226,373
RMB		93,793	0.1547 (RMB:USD)	404,154
THB		8,108	0.8744 (THB:NTD)	7,090
Non-monetary items
Financial assets at FVTPL - non-current
USD		1,333	27.86 (USD:NTD)	37,136
Financial liabilities
Monetary items
USD		51,862	27.86 (USD:NTD)	1,444,875
USD		2,938	6.4601 (USD:RMB)	81,853
RMB		10,286	4.3090 (RMB:NTD)	44,322

35 -

December 31, 2020

		Foreign		Carrying
		Currency	Exchange Rate	Amount
Financial assets
Monetary items
USD	$	45,597	28.480 (USD:NTD)	$ 1,298,603
USD		89,596	6.5423 (USD:RMB)	2,551,694
USD		4,686	25,689 (USD:VND)	133,457
RMB		64,678	4.3770 (RMB:NTD)	283,096
RMB		10,167	0.1537 (RMB:USD)	44,501
THB		5,874	0.9556 (THB:NTD)	5,613
Non-monetary items
Financial assets at FVTPL - non-current
USD		1,342	28.480 (USD:NTD)	51,579
Financial liabilities
Monetary items
USD		69,530	28.480 (USD:NTD)	1,980,214
USD		4,083	6.5423 (USD:RMB)	116,284
RMB		8,095	6.5423 (USD:NTD)	35,432
June 30, 2020
		Foreign		Carrying
		Currency	Exchange Rate	Amount
Financial assets
Monetary items
USD	$	46,964	29.63 (USD:NTD)	$ 1,391,543
USD		73,102	7.0795 (USD:RMB)	2,166,012
RMB		39,393	4.1910 (RMB:NTD)	165,096
RMB		34,107	0.1413 (RMB:USD)	142,942
Non-monetary items
Financial assets at FVTPL - non-current
USD		1,500	29.63 (USD:NTD)	46,185
Financial liabilities
Monetary items
USD		67,154	29.63 (USD:NTD)	1,989,773
USD		2,553	7.0795 (USD:RMB)	75,645
RMB		3,442	4.1910 (RMB:NTD)	14,425

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:

36 -

For the Three Months Ended June 30

Foreign Currency NTD USD RMB VND THB SGD	2021 Exchange Rate Net Foreign Exchange Losses 1 (NTD:NTD) $ 10,167 27.86 (USD:NTD) 748 4.309 (RMB:NTD) (42,201) 0.0012 (VND:NTD) (245) 0.8744 (THB:NTD) 239 20.73 (SGD:NTD) (1) $ (31,293)	2020
		Exchange Rate Net Foreign Exchange Gains 1 (NTD:NTD) $ 9,327 30.001 (USD:NTD) (593) 4.261 (RMB:NTD) (3,047) 0.00116 (VND:NTD) (2,602) - - - - $ 3,085

Foreign Currency NTD USD RMB VND THB SGD	For the Six Months Ended June 30	For the Six Months Ended June 30
	2021 Exchange Rate Net Foreign Exchange Losses 1 (NTD:NTD) $ 6,594 27.86 (USD:NTD) 436 4.309 (RMB:NTD) (36,388) 0.0012 (VND:NTD) (194) 0.8744 (THB:NTD) 688 20.73 (SGD:NTD) 4 $ (28,860)	2020
		Exchange Rate Net Foreign Exchange Gains 1 (NTD:NTD) $ 5,740 30.001 (USD:NTD) (13,385) 4.261 (RMB:NTD) 31,374 0.00116 (VND:NTD) (1,280) - - - - $ 22,449

29. SEPARATELY DISCLOSED ITEMS

a. Information about significant transactions and investees:
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 (None)
5) Acquisition of individual real estate at costs of at least NT$300 million or 20% of the paid-in capital (None)
6) Disposal of individual real estate at prices of at least NT$300 million or 20% of the paid-in capital (None)
7) Total purchases from or sales to related parties amounting to at least NT$100 million or 20% of the paid-in capital (Table 4)
37 -
8) Receivables from related parties amounting to at least NT$100 million or 20% of the paid-in capital (Table 5)
9) Trading in derivative instruments (Table 7)
10) Intercompany relationships and significant intercompany transactions (Table 8)
b. Information about significant investees (Table 6)
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 7)
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 and 8)
- 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 (None)

30. 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 were closed during the year.

38 -

a. Segment revenue and results

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

Equipment - electronic parts - plastic molding Revenue from continuing operations Other income Other gains and losses Interest income Net foreign exchange gain Net gain (loss) on financial assets at fair value through profit or loss Share of profit of associates Interest expenses General and administrative expenses Income before tax		Income 2021 2020 $ 4,647,891 $ 4,170,252 171,103 230,248 $ 4,818,994 $ 4,400,500		Loss	Loss
		2021 $ 4,647,891 171,103 $ 4,818,994		2021 $ 548,750 16,816 565,566 24,499 (16,641) 16,725 (28,860) 34,074 (3,263) (16,888) (341,188) $ 234,024	2020 $ 939,367 42,208 981,575 25,407 (5,633) 21,525 22,449 525 8,844 (14,981) (254,099) $ 785,612

The above segment revenue and results were generated from the transactions with external customers. There were no inter-segment transactions for the six months ended June 30, 2021 and 2020.

Segment profit represented the profit before tax earned by each segment without allocation of central administration costs and directors’ salaries, interest income, gain from bargain purchase - acquisitions of subsidiaries, other gains and losses, net foreign exchange gain, net gain on financial assets at fair value through profit or loss, share of profit of associates, interest expense, goodwill impairment loss 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.

39 -

TABLE 1

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

FINANCING PROVIDED TO OTHERS FOR THE SIX MONTHS ENDED JUNE 30, 2021 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

==> picture [1096 x 593] intentionally omitted <==

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

Business Reasons for Allowance for Collateral
Financial Statement Related Highest Balance Interest Rate Nature of Financing Limit for Aggregate Financing
No. Lender Borrower Account Party for the Period Ending Balance [Actual Amount ] Borrowed (%) Financing Transaction Amount Short-term Financing Impairment Loss Item Value Each Borrower Limit
0 Syncmold Enterprise Syncmold Enterprise Other receivables from Yes $ 100,000 $ 100,000 $ - - Short-term $ - Operating capital $ - - - $1,195,472 $2,390,945
Corporation (Samoa) Corp. related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
Grand Advance Inc. Other receivables from Yes 100,000 100,000 - - Short-term - Operating capital - - - $1,195,472 $2,390,945
related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 250,000 100,000 - - Short-term - Operating capital - - - $1,195,472 $2,390,945
Vietnam Co., Ltd. related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
Gatetech Technology Other receivables from Yes 200,000 100,000 - - Short-term - Operating capital - - - $1,195,472 $2,390,945
Inc. related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
Leohab Enterprise Co., Other receivables from Yes 300,000 100,000 - 1.55 Short-term - Operating capital - - - $1,195,472 $2,390,945
Ltd. related parties financing (20% of the net worth (40% of the net worth
of the Corporation) of the Corporation)
1 Syncmold Enterprise (Samoa) Fujian Khuan Hua Other receivables from Yes 55,720 55,720 - - Short-term - Operating capital - - - $1,195,472 $2,988,681
Corp. Precise Mold Co., related parties financing (20% of the net worth (50% of the net worth
Ltd. of the Corporation) of the Corporation)
Forever Business Other receivables from Yes 83,580 - - - Short-term - Operating capital - - - $1,195,472 $2,988,681
Development related parties financing (20% of the net worth (50% of the net worth
Limited of the Corporation) of the Corporation)
Dongguan Khuan Other receivables from Yes 83,580 55,720 - - Short-term - Operating capital - - - $1,195,472 $2,988,681
Huang Precise Mold related parties financing (20% of the net worth (50% of the net worth
Plastic Co., Ltd. of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 208,950 153,230 41,790 0.00 Short-term - Operating capital - - - $1,195,472 $2,988,681
Corporation related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
2 Grand Advance Inc. Kunshan Fulfil Tech Other receivables from Yes 83,580 55,720 - - Short-term - Operating capital - - - $1,195,472 $2,988,681
Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 83,580 55,720 - - Short-term - Operating capital - - - $1,195,472 $2,988,681
(Samoa) Corp. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Full Big Limited Other receivables from Yes 83,580 - - - Short-term - Operating capital - - - $1,195,472 $2,988,681
related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Zhongshan Fulfil Tech. Other receivables from Yes 83,580 - - - Short-term - Operating capital - - - $1,195,472 $2,988,681
Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Chongqing Fulfil Tech Other receivables from Yes 83,580 83,580 - - Short-term - Operating capital - - - $1,195,472 $2,988,681
Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Fuzhou Fulfil Tech Other receivables from Yes 83,580 - - - Short-term - Operating capital - - - $1,195,472 $2,988,681
Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Suzhou Fulfil Other receivables from Yes 83,580 55,720 - - Short-term - Operating capital - - - $1,195,472 $2,988,681
Electronics Co., Ltd. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 25,074 25,074 11,144 0.00 Short-term - Operating capital - - - $1,195,472 $2,988,681
(USA) Corp. related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Fullking Development Other receivables from Yes 125,370 97,510 41,790 0.00 Short-term - Operating capital - - - $1,195,472 $2,988,681
Limited related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
Syncmold Enterprise Other receivables from Yes 403,970 334,320 250,740 0.00 Short-term - Operating capital - - - $1,195,472 $2,988,681
Corporation related parties financing (20% of the net worth (50% of the net worth
of the Corporation) of the Corporation)
----- End of picture text -----

(Continued)

40 -

==> picture [1096 x 298] intentionally omitted <==

Note 1: The authorized amount of loans was approved by the board of directors.

Note 2: The highest balance, ending balance, and the actual amount borrowed were calculated based on the exchange rate at the end of June 2021.

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

(Concluded)

41 -

TABLE 2

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

ENDORSEMENTS/GUARANTEES PROVIDED FOR THE SIX MONTHS ENDED JUNE 30, 2021 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

==> picture [1096 x 334] intentionally omitted <==

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

Endorsee/Guarantee Ratio of
Accumulated
Endorsement/ Endorsement/
Limit on Endorsement/ Maximum Amount Outstanding Amount Endorsed/ Endorsement/ Aggregate Guarantee Given Endorsement/ Guarantee Given
No. Endorser/Guarantor Name Relationship Behalf of Each PartyGuarantee Given on Guaranteed During the PeriodEndorsed/ End of the PeriodGuarantee at the Endorsement/ Actual Borrowing Amount Guaranteed by Collateral Guarantee to Net Equity in Latest Financial Guarantee LimitEndorsement/ by Parent on Behalf of by Subsidiaries on Guarantee Given Behalf of Parent Companies inon Behalf of
Subsidiaries Mainland China
Statements
(%)
0 Syncmold Enterprise Corporation Syncmold Enterprise (Samoa) Subsidiary $1,793,209 $ 55,720 $ - $ - $ - 0.00 $2,988,681 Y N N
Corp. (30% of the net worth of (US$ 2,000 (50% of the net worth of
the Corporation) thousand ) the Corporation)
Fullking Development Subsidiary $1,793,209 278,600 - - - 0.00 $2,988,681 Y N N
Limited (30% of the net worth of (US$ 10,000 (50% of the net worth of
the Corporation) thousand ) the Corporation)
Forever Business Subsidiary $1,793,209 612,920 - - - 0.00 $2,988,681 Y N N
Development Limited (30% of the net worth of (US$ 22,000 (50% of the net worth of
the Corporation) thousand ) the Corporation)
Gatetech Technology Inc. Subsidiary $1,793,209 100,000 100,000 30,000 - 1.67 $2,988,681 Y N N
(30% of the net worth of (50% of the net worth of
the Corporation) the Corporation)
Leohab Enterprise Co., Ltd. Subsidiary $1,793,209 234,650 234,650 145,000 - 3.93 $2,988,681 Y N N
(30% of the net worth of (US$ 2,500 (US$ 2,500 (50% of the net worth of
the Corporation) thousand ) thousand ) the Corporation)
(NT$ 165,000 (NT$ 165,000
thousand ) thousand )
(Note)
Syncmold Enterprise Subsidiary $1,793,209 557,200 557,200 105,868 - 9.32 $2,988,681 Y N N
Vietnam Co., Ltd. (30% of the net worth of (US$ 20,000 (US$ 20,000 (50% of the net worth of
the Corporation) thousand ) thousand ) the Corporation)
1 Leohab Enterprise Co., Ltd. Commuwell Enterprise Subsidiary $128,402 85,857 - - - 0.00 $256,803 N N N
(Thailand) Co., Ltd (50% of the net worth of (THB 98,189 (100% of the net worth
Leohab Enterprise thousand ) of Leohab Enterprise
Co., Ltd.) Co., Ltd.)
----- End of picture text -----

Note: By the resolution of the board of directors of the Corporation on December 2, 2020, in order to obtain relatively favorable bank credit conditions, it is proposed that Syncmold Enterprise Corporation provide an endorsement guarantee within the limit of NT$260,000 thousand for Leohab Enterprise Co., Ltd. As of June 30, 2021, the remaining NT$25,350 thousand has not been implemented.

42 -

TABLE 3

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES HELD JUNE 30, 2021

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

==> picture [1096 x 256] intentionally omitted <==

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

June 30, 2021
Relationship with the
Holding Company Name Type and Name of Marketable Securities Financial Statement Account Number of Carrying Percentage of Note
Holding Company Fair Value
Shares Amount Ownership (%)
Syncmold Enterprise Corporation Share
Gigastone Corporation - Financial assets at FVTPL - non-current 847,011 $ 7,691 1.66 $ 7,691 (Notes 2 and 6)
Tiga Gaming Inc. - Financial assets at FVTPL - non-current 1,332,132 7,930 5.06 7,930 (Notes 3 and 6)
Foxfortune Technology Limited - Financial assets at FVTPL - non-current 1,000,000 24,600 5.80 24,600 (Notes 4 and 6)
Hercules BioVenture, L.P. - Financial assets at FVTPL - non-current 342,105 12,536 2.63 12,536 (Notes 4 and 6)
Winmate Inc. - Financial assets at FVTPL - current 1,038,000 78,472 1.44 78,472 (Notes 2 and 6)
Private funds
China Development of Healthcare Venture of - Financial assets at FVTPL - non-current 13,122,465 7,996 0.96 7,996 (Notes 4 and 6)
Limited Partnership
Structured commodity
Dongguan Khuan Huang Precise Peoples’ profit 233 and 234 - Financial assets at FVTPL - current - 64,715 - 64,715 (Notes 5 and 6)
Mold Co., Ltd.
Zhongshan Fulfil Tech. Co., Ltd. Monthly profit 21040131 - Financial assets at FVTPL - current - 43,238 - 43,238 (Notes 5 and 6)
----- End of picture text -----

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 June 30, 2021

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 its contract worth as of June 30, 2021.

Note 6: No guarantees, pledged collateral or other restricted situations.

Note 7: Refer to Table 6 for information on investments in subsidiaries and associates.

43 -

TABLE 4

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL FOR THE SIX MONTHS ENDED JUNE 30, 2021

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

==> picture [1096 x 420] intentionally omitted <==

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

Notes/Accounts
Transaction Details Abnormal Transaction
Receivable (Payable)
Buyer Related Party Relationship Note
Purchase/ % of % of
Amount Payment Terms Unit Price Payment Terms Ending Balance
Sale Total Total
Syncmold Enterprise Corporation Zhongshan Fufil Tech. Co., Ltd. Subsidiary Purchase $ 613,287 50 Note 1 $ - - $ (431,092) (57)
Suzhou Fulfil Electronics Co., Ltd. Subsidiary Purchase 272,432 22 Note 1 - - (184,449) (24)
Fuzhou Fulfil Tech Co., Ltd. Subsidiary Purchase 203,091 17 Note 1 - - (48,232) (6)
Zhongshan Fufil Tech. Co., Ltd. Dongguan Khuan Huang Precise Mold Plastic Indirect subsidiary Purchase 129,235 13 Note 1 - - (49,430) (9)
Co., Ltd.
Suzhou Fulfil Electronics Co., Ltd. Kunshan Fulfil Tech Co., Ltd. Indirect subsidiary Purchase 218,287 15 Note 1 - - (89,211) (15)
Fuqing Fuqun Electronic Hardware Tech Co., Indirect subsidiary Purchase 101,793 7 Note 1 - - (36,680) (6)
Ltd.
Fuzhou Fulfil Tech Co., Ltd. Fuqing Fuqun Electronic Hardware Tech Co., Indirect subsidiary Purchase 183,940 28 Note 1 - - (18,036) (8)
Ltd.
Zhongshan Fufil Tech. Co., Ltd. Syncmold Enterprise Corporation Parent company Sales (613,287) (47) Note 1 - - 431,092 42
Suzhou Fulfil Electronics Co., Ltd. Syncmold Enterprise Corporation Parent company Sales (272,432) (18) Note 1 - - 184,449 14
Fuzhou Fulfil Tech Co., Ltd. Syncmold Enterprise Corporation Parent company Sales (203,091) (25) Note 1 - - 48,232 7
Dongguan Khuan Huang Precise Zhongshan Fufil Tech. Co., Ltd. Indirect subsidiary Sales (129,235) (46) Note 1 - - 49,430 47
Mold Plastic Co., Ltd.
Kunshan Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Indirect subsidiary Sales (218,287) (100) Note 1 - - 89,211 100
Fuqing Fuqun Electronic Hardware Fuzhou Fulfil Tech Co., Ltd. Indirect subsidiary Sales (183,940) (52) Note 1 - - 18,036 24
Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. Indirect subsidiary Sales (101,793) (29) Note 1 - - 36,680 50
----- End of picture text -----

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

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

44 -

TABLE 5

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL JUNE 30, 2021

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

==> picture [1096 x 179] intentionally omitted <==

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

Overdue Amount
Allowance for
Turnover Received in
Company Name Related Party Relationship Ending Balance Impairment
Rate Amount Actions Taken Subsequent
Loss
Period
Grand Advance Inc. Syncmold Enterprise Corporation Parent company $ 250,740 - $ - - $ 153,230 $ -
(Note 1)
Zhongshan Fufil Tech. Co., Ltd. Syncmold Enterprise Corporation Parent company 431,092 - - - 123,073 -
Suzhou Fulfil Electronics Co., Ltd. Syncmold Enterprise Corporation Parent company 184,449 - - - 140,559 -
Suzhou Leoho Electronics Co., Ltd. Leohab Enterprise Co., Ltd. Indirect subsidiary 126,145 - - - - -
----- End of picture text -----

Note 1: Financing.

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

45 -

TABLE 6

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTEES FOR THE SIX MONTHS ENDED JUNE 30, 2021 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

==> picture [1096 x 479] intentionally omitted <==

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

Original Investment Amount As of June 30, 2021 Net Income
Share of Profit
Investor Company Investee Company Location Main Businesses and Products December 31, Number of Carrying (Loss) of the Note
June 30, 2021 % (Loss)
2020 Shares Amount Investee
Syncmold Enterprise Corporation Syncmold Enterprise (Samoa) Corp. Samoa Trading and related import and export businesses of metal $ 110,598 $ 110,598 3,546 100.00 $ 2,526,885 $ 25,694 $ 24,011 (Note 1)
molds and plastic molds as well as the reinvestment of
subsidiaries in mainland China
Grand Advance Inc. Samoa Trading, import and export and investment in electronic parts 506,240 506,240 - 100.00 2,734,533 30,297 30,807 (Note 1)
Syncmold Enterprise (USA) Corp. USA Trading, import and export in electronic parts 32 32 - 100.00 (2,669) (205) (205) (Note 2)
High Grade Tech Co., Ltd. Taiwan The design and sale of television hangers and related import and 36,075 36,075 2,280 38.00 120,125 1,222 464 (Note 2)
export businesses
Corebio Technologies Co., Ltd. Taiwan Medical technology and precision instrument wholesale and 52,000 52,000 5,200 38.29 32,190 (9,735) (3,727) (Note 2)
retail
Leohab Enterprise Co., Ltd. Taiwan Precision hardware components manufacturing 232,677 232,677 16,620 70.00 246,383 10,489 6,633 (Note 2)
Gatetech Technology Inc. Taiwan Precise molding and magnesium alloy die caster manufacturing 553,815 553,815 42,207 73.43 622,690 (21,780) (16,455) (Note 2)
and transaction business
Syncmold Enterprise Vietnam Co., Ltd. Vietnam Trading, import and export and investment in electronic parts 302,444 302,444 - 100.00 244,472 (16,272) (16,272) (Note 2)
Syncmold Enterprise (Malaysia) Sdn. Malaysia Trading, import and export in electronic parts, customer support 7,192 3,639 - 100.00 3,463 (1,566) (1,566) (Note 2)
Bhd. and service center
Syncmold Enterprise (Singapore) Pte. Singapore Trading, import and export in electronic parts, electronic 1,100 1,100 - 100.00 1,586 1,034 1,034 (Note 2)
Ltd. components and parts design
Syncmold Enterprise (Thailand) Co., Ltd. Thailand Trading, import and export and investment in electronic parts 33,638 19,920 - 100.00 21,780 (5,549) (5,549) (Note 2)
-
Grand Advance Inc. Canford International Limited Samoa Import and export trade and investment business 119,342 119,342 - 100.00 1,325,231 (73,808) (73,808) (Note 2)
Fullking Development Limited Hong Kong Import and export trade and investment business 160,175 160,175 - 100.00 821,444 132,349 132,329 (Note 2)
Full Glary Holding Limited Hong Kong Import and export trade and investment business 259,720 259,720 - 100.00 298,668 (9,310) (8,113) (Note 2)
-
Syncmold Enterprise (Samoa) Corp. Full Big Limited Samoa Reinvestment in subsidiaries in mainland China and 16,643 16,643 - 100.00 230,755 309 309 (Note 2)
international trade
Forever Business Development Limited Samoa Reinvestment in subsidiaries in mainland China and 125,957 125,957 - 100.00 333,255 2,331 2,352 (Note 2)
international trade
Full Celebration Limited Samoa Reinvestment in subsidiaries in mainland China and 147,710 147,710 - 100.00 213,762 (31,630) (31,630) (Note 2)
international trade
Gatetech Technology Inc. Gatech Holdings Ltd. Samoa General investment business 647,041 647,041 20,130 100.00 612,814 (4,438) (4,438) (Note 2)
Gatech Holdings Ltd. Gatech International Ltd. Samoa General investment business 657,284 657,284 20,268 100.00 612,814 (4,414) (4,414) (Note 2)
Leohab Enterprise Co., Ltd. Sweet International Group Ltd. British Virgin General investment business 280,368 280,368 - 100.00 513,285 23,951 25,501 (Note 2)
Islands
Sweet International Group Ltd. Lucky King Holdings Ltd. Mauritius General investment business 280,368 280,368 - 100.00 507,865 23,774 23,951 (Note 2)
Lucky King Holdings Ltd. Commuwell Enterprise (Thailand) Co., Thailand Plastic shot and hardware components manufacturing 113,236 113,236 - 100.00 181,182 19,957 19,957 (Note 2)
Ltd.
----- End of picture text -----

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

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

Note 3: Refer to Table 7 for related information on investees from mainland China.

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

46 -

TABLE 7

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTMENTS IN MAINLAND CHINA FOR THE SIX MONTHS ENDED JUNE 30, 2021 (In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

==> picture [1096 x 592] intentionally omitted <==

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

Accumulated Remittance of Funds
Accumulated
Outward Accumulated
Outward % Ownership of
Remittance for Carrying Amount Repatriation of
Remittance for Net Income (Loss) Direct or Investment
Investee Company Main Businesses and Products Paid-in Capital Method of Investment Investment from as of Investment
Outward Inward Investment from of the Investee Indirect Gain (Loss)
Taiwan as of June 30, 2021 Income as of
Taiwan as of Investment
December 31, June 30, 2021
June 30, 2021
2020
Fuzhou Fulfil Tech Co., Ltd. Electronic parts processing and $ 41,794 Invested through $ 58,032 $ - $ - $ 58,032 $ 56,671 100.00 $ 56,671 $ 806,858 $ 1,887,905
manufacturing. Trading and Syncmold Enterprise (US$ 2,083 (US$ 2,083 (Note 1) (US$ 67,764
related import and export (Samoa) Corp. thousand) thousand) thousand)
business
Fujian Khuan Hua Precise Mold Processing, manufacturing, trading 107,016 Invested through 37,778 - - 37,778 (12,039) 100.00 (12,039) 296,762 -
Co., Ltd. and related import and export Syncmold Enterprise (US$ 1,356 (US$ 1,356 (Note 2)
business of various metal molds, (Samoa) Corp. thousand) thousand)
plastic molds and plastic
injection molds
Fuqing Fuqun Electronic Hardware Electronic parts processing and 57,033 Invested through - - - - 7,478 100.00 7,478 162,592 22,344
Tech Co., Ltd. manufacturing. Trading and Syncmold Enterprise (Note 2) (US$ 802
related import and export (Samoa) Corp. thousand)
business
Dongguan Khuan Huang Precise Processing, manufacturing, trading 120,928 Invested through Forever - - - - 1,954 100.00 1,954 251,179 -
Mold Plastic Co., Ltd. and related import and export Business Development (Note 2)
business of various metal molds, Limited
plastic molds and plastic
injection molds
Suzhou Fulfil Electronics Co., Ltd. Electronic parts processing and 17,848 Invested through Canford - - - - (73,808) 100.00 (73,808) 1,325,214 1,187,672
manufacturing. Trading and International Limited (Note 1) (US$ 42,630
related import and export thousand)
business
Zhongshan Fulfil Tech. Co., Ltd. Electronic parts processing and 147,178 Invested through Fullking - - - - 132,349 100.00 132,349 884,566 1,450,475
manufacturing. Trading and Development Limited (Note 1) (US$ 52,063
related import and export thousand)
business
Kunshan Fulfil Tech Co., Ltd. Manufacturing and assembling of 226,005 Invested through Full 167,160 - - 167,160 (9,310) 100.00 (9,310) 299,035 -
laptops uses precise bearing, Glary Holding Limited (US$ 6,000 (US$ 6,000 (Note 2)
hardware and related accessories thousand) thousand)
Chongqing Fulfil Tech Co., Ltd. The processing, manufacturing, 134,357 Invested through Full - - - - (31,630) 100.00 (31,630) 213,751 504,935
related imports and exports of all Celebration Limited (Note 2) (US$ 18,124
electronic, plastic and hardware thousand)
parts
Gatetech (Suzhou) Technology Co., Aluminum and magnesium alloy 676,998 Invested through Gatech 676,998 - - 676,998 (7,282) 73.43 (5,347) 612,814 -
Ltd. die caster International (US$ 24,300 (US$ 24,300 (Note 2)
thousand) thousand)
Suzhou Leoho Electronics Co., Ltd. Precision hardware components 199,343 Invested through Lucky 124,757 - - 124,757 3,817 70.00 2,672 327,453 -
manufacturing King Holdings Ltd. (US$ 4,478 (US$ 4,478 (Note 2)
thousand) thousand)
----- End of picture text -----

(Continued)

47 -

(Concluded)

==> picture [470 x 75] intentionally omitted <==

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

Accumulated Outward Remittance for Upper Limit on the Amount of
Investment Amount Authorized by the
Investment in Mainland China as of Investment Stipulated by the
Investment Commission, MOEA
June 30, 2021 Investment Commission, MOEA
$1,272,506 $2,157,562 $3,784,115
(US$45,675 thousand) (US$77,443 thousand)
----- End of picture text -----

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

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

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

48 -

TABLE 8

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS FOR THE SIX MONTHS ENDED JUNE 30, 2021

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

==> picture [1096 x 525] intentionally omitted <==

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

Transaction Details % of Total
No. Relationship
Investee Company Counterparty Payment Terms Sales or Asset
(Note 1) (Note 2) Financial Statement Account Price
(Note 3)
1 Zhongshan Fufil Tech. Co., Ltd. Syncmold Enterprise Corporation 2 Sales $ 613,287 No significant difference with non-related parties 13
Syncmold Enterprise Corporation 2 Trade receivables from related parties 413,092 No significant difference with non-related parties 4
2 Dongguan Khuan Huang Precise Mold Syncmold Enterprise Corporation 2 Trade receivables from related parties 23,140 No significant difference with non-related parties -
Plastic Co., Ltd. Zhongshan Fufil Tech. Co., Ltd. 3 Sales 129,235 No significant difference with non-related parties 3
Zhongshan Fufil Tech. Co., Ltd. 3 Trade receivables from related parties 49,430 No significant difference with non-related parties -
Fuzhou Fulfil Tech Co., Ltd. 3 Sales 37,151 No significant difference with non-related parties 1
Suzhou Fulfil Electronics Co., Ltd. 3 Sales 80,128 No significant difference with non-related parties 2
Suzhou Fulfil Electronics Co., Ltd. 3 Trade receivables from related parties 20,848 No significant difference with non-related parties -
3 Fuzhou Fulfil Tech Co., Ltd. Syncmold Enterprise Corporation 2 Sales 203,091 No significant difference with non-related parties 4
Syncmold Enterprise Corporation 2 Trade receivables from related parties 48,232 No significant difference with non-related parties -
4 Fuqing Fuqun Electronic Hardware Tech Fuzhou Fulfil Tech Co., Ltd. 3 Sales 183,940 No significant difference with non-related parties 4
Co., Ltd. Fuzhou Fulfil Tech Co., Ltd. 3 Trade receivables from related parties 18,036 No significant difference with non-related parties -
Suzhou Fulfil Electronics Co., Ltd. 3 Sales 101,793 No significant difference with non-related parties 2
Suzhou Fulfil Electronics Co., Ltd. 3 Trade receivables from related parties 36,680 No significant difference with non-related parties -
Zhongshan Fufil Tech. Co., Ltd. 3 Sales 70,004 No significant difference with non-related parties 1
Zhongshan Fufil Tech. Co., Ltd. 3 Trade receivables from related parties 18,546 No significant difference with non-related parties -
5 Grand Advance Inc. Syncmold Enterprise Corporation 2 Other receivables from related parties - 250,740 Based on the contract between both parties 2
financing
Fullking Development Limited 3 Other receivables from related parties - 41,790 Based on the contract between both parties -
financing
6 Suzhou Fulfil Electronics Co., Ltd. Syncmold Enterprise Corporation 2 Sales 272,432 No significant difference with non-related parties 6
Syncmold Enterprise Corporation 2 Trade receivables from related parties 184,449 No significant difference with non-related parties 2
7 Full Big Limited Fullking Development Limited 3 Other receivables from related parties - 22,288 Based on the contract between both parties -
financing
8 Forever Business Development Limited Dongguan Khuan Huang Precise Mold Plastic 3 Trade receivables from related parties 12,979 No significant difference with non-related parties -
Co., Ltd.
9 Kunshan Fulfil Tech Co., Ltd. Suzhou Fulfil Electronics Co., Ltd. 3 Sales 218,287 No significant difference with non-related parties 5
Suzhou Fulfil Electronics Co., Ltd. 3 Trade receivables from related parties 89,211 No significant difference with non-related parties 1
----- End of picture text -----

(Continued)

49 -

==> picture [1096 x 232] intentionally omitted <==

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)

50 -

AI assistant

SYNCMOLD — Interim / Quarterly Report 2021

51868_rns_2021-11-09_df977638-8130-4257-9d16-9179ce4aad45.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

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands of New Taiwan Dollars) (Reviewed, Not Audited)

SYNCMOLD ENTERPRISE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands of New Taiwan Dollars) (Reviewed, Not Audited)

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 SIGNIFICANT ACCOUNTING POLICIES

2) Taxation

5. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

6. CASH AND CASH EQUIVALENTS

7. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

8. FINANCIAL ASSETS AT AMORTIZED COST

9. TRADE RECEIVABLES, NET

June 30, 2021

10. INVENTORIES

11. SUBSIDIARIES

12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

13. PROPERTY, PLANT AND EQUIPMENT

14. LEASE ARRANGEMENTS

a. Right-of-use assets

c. Subleases

d. Other lease information

15. GOODWILL

16. INTANGIBLE ASSETS

17. BORROWINGS

a. Short-term borrowings

c. Long-term borrowings

18. OTHER PAYABLES

19. RETIREMENT BENEFIT PLANS

20. EQUITY

b. Capital surplus

d. Special reserve

e. Non-controlling interests

21. NET PROFIT

Accrual rate

Amount

22. INCOME TAXES

b. Income tax assessments

23. EARNINGS PER SHARE

Net Profit for the Period

24. FINANCIAL INSTRUMENTS

June 30, 2021

1) Market risk

a) Foreign currency risk

Sensitivity analysis

b) Interest rate risk

Sensitivity analysis

c) Other price risk

Sensitivity analysis

2) Credit risk

3) Liquidity risk

Financing facilities

25. TRANSACTIONS WITH RELATED PARTIES

Related Party Name

Related Party Category

c. Leases agreements

d. Prepayments

e. Compensation of key management personnel

26. ASSETS PLEDGED AS COLLATERAL OR FOR SECURITY

27. OTHER ITEMS

28. SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

December 31, 2020

For the Three Months Ended June 30

SYNCMOLD Interim / Quarterly Report 2021