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SYSCOM Annual Report 2024

Jun 17, 2025

52093_rns_2025-06-17_07cd5429-fa2e-4973-985c-49e4b148d419.pdf

Annual Report

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Stock Code: 2453

SYSCOM COMPUTER ENGINEERING CO.

2024

Annual Report

Printed on April 13, 2025

Query website for the Annual Report: 1. Market Observation Post System: https://mops.twse.com.tw

  1. The Company's website: https://www.syscom.com.tw

This is a translation of the 2024 annual report (The “annual report”) of Syscom Computer Engineering Co.(The “Company”). This translation is intended for reference only and nothing else, The Company hereby disclaims any and all liabilities whatsoeverfor the translation. The Chinese text of the annual report shall govern any and all matters related to the interpretation of the subject matter stated herein.

  • I. Name, job title and telephone number of the Company's spokesperson: Name: Anthony Tseng Job title: Vice President TEL: (02) 2191-6066 E-Mail ： [email protected]

  • II. Name, job title and telephone number of the Company's acting spokesperson: Name: Chih-Chung Chen Job title: Principal Division Chief TEL: (02) 2191-6066 E-Mail ： [email protected]

  • III. Address and contact number of Head Office and branch offices Head Office: 6th Floor, No. 115, Emei Street, Wanhua District, Taipei City 108 TEL: (02) 2191-6066 Taichung Branch: 11th and 12th Floors, No. 370 and 372, Section 1, Zhongqing Road, North District 404, Taichung City TEL: (04) 2202-1221 Tainan Branch: 13th Floor, No. 395, Section 1, Linsen Road, East District, Tainan City 603 TEL: (06) 200-4321 Kaohsiung Branch: 29th Floor, No. 6, Minquan 2nd Road, Qianzhen District, Kaohsiung City 806 TEL: (07) 330-5501

  • IV. Name, address, website and telephone number of the stock transfer agency: Stock transfer agency: CAPITAL SECURITIES CORP. Address: Basement 2, No. 97, Section 2, Dunhua South Road, Daan District, Taipei City 106 TEL: (02) 2702-3999 Website: www.agency.capital.com.tw

V. Name, firm, address, website and telephone number of the CPAs attesting the financial statements for the most recent years: Name of CPA: Pei-De Chen, Liu Wen-Ling CPA firm: Deloitte & Touche Address: 20th Floor, No. 100, Songren Road, Taipei City TEL: (02) 2725-9988 Website: www.deloitte.com.tw

  • VI. Name of any exchanges where the Company's securities are listed offshore, and the method by which to access information on the offshore securities: Not applicable.

VII. The Company's website : https://www.syscom.com.tw

Table of Contents

Table of Contents
Page
One. Letter to Shareholders ....................................................................................... 1
Two. Corporate Governance Report .......................................................................... 5
I. Information on directors, president, vice president, assistant VP, heads of
departments and branches ....................................................................... 5
II. Remuneration paid to directors (including independent directors),
president and vice president for the most recent fiscal year ................. 21
III. Operations of corporate governance ..................................................... 30
IV. Information on CPA professional fees .................................................. 79
V. Information on Replacement of CPAs .................................................. 79
VI. Any of The Company’s Chairman, President, or managerial officers
involved in financial or accounting affairs being employed by the
auditor’s firm or any of its affiliated company within the recent year . 79
VII. Changes in transfer and pledge of shares by directors, managerial officers
and shareholders with more than 10% shareholding in the most recent
year up till the date of publication of this Annual Report..................... 79
VIII. Information on the relationship among the top 10 shareholders if anyone
is a related party, a spouse or a relative within second degree of kinship
of another .............................................................................................. 80
IX. The total number of shares and the consolidated equity stake percentage
held in any single reinvested enterprise by the Company, its directors,
managerial officers, or any companies controlled either directly or
indirectly by the Company .................................................................... 81
Three. Fund raising.................................................................................................. 82
I. Capital and stock ................................................................................... 82
II. Issuance of Issuance of Corporate Bonds ............................................. 84
III. Issuance of preferred shares .................................................................. 84
IV. Issuance of Global Depositary Receipts ............................................... 84
V. Employee Share Subscription Warrants ................................................ 84
VI. New Restricted Employee Shares ......................................................... 84
VII. Issuance of new shares in connection with mergers or acquisitions of
shares of other companies ..................................................................... 84
VIII. Capital utilization plan and implementation status ............................... 84
Four. Operations overview ...................................................................................... 85
I. Business activities ................................................................................. 85
II. Market, production and sales overview ................................................ 99
III. Information on employees .................................................................. 105
IV. Information on environmental protection expenditures ..................... 105
V. Labor relations .................................................................................... 105
VI. Cyber security management ................................................................ 109
VII. Important contracts .............................................................................. 111
Five. Review and analysis of financial position and financial performance and risks Five. Review and analysis of financial position and financial performance and risks
............................................................................................................. 112
I. Financial Status ................................................................................... 112
II. financial performance ......................................................................... 113
III. Analysis of Cash Flow ........................................................................ 114
IV. Major Capital Expenditure Items and Source of Capital. .................. 114
V. Investment Policy in the Last Year, Main Causes for Profits or Losses,
Improvement Plans, and Investment Plans for the Coming Year ....... 114
VI. Analysis of Risk Management ............................................................ 115
VII. Other material matters ......................................................................... 118
Six. Special matters ............................................................................................... 119
I. Information about the Company’s Affiliates ...................................... 119
II. Private Placement Securities in the Most Recent Years ..................... 119
III. Other supplementary information ....................................................... 119
IV. Any of the situations listed in Article 36, paragraph 3, subparagraph 2 of
the Securities and Exchange Act, which might materially affect
shareholders' equity or the price of the company's securities, has occurred
during the most recent fiscal year or during the current fiscal year up to
the date of publication of the annual report ........................................ 119

One. Letter to Shareholders

Dear shareholders:

Under the influence of inflation pressure, geopolitical risks and trade policy uncertainty, the global economy will present a situation of both opportunities and risks in 2024. Emerging technologies such as AI, cloud computing, and high-performance computing continue to drive economic development.

SYSCOM has reached its 50th anniversary and is shifting its profit focus toward products and professional services. In 2024, the company not only achieved substantial progress in its existing business areas but also made major breakthroughs in the development of generative AI applications. With its continuously accumulated innovative capabilities, SYSCOM launched the "Intelligent Computer Human Project," which integrates its self-developed NeuroChain to address the common issue of "hallucinations" in generative AI through the creation of a vector database. Additionally, the company introduced the "Smart Traffic Management Platform" and Carrefour’s "Smart Recipe" system. SYSCOM also successfully passed the AI Pilot Program review by the Administration for Digital Industries under the Ministry of Digital Affairs with its "Generative AI Medical Manpower Development Program." In addition, "DBMaker database", "NET Center IT monitoring and management center", "OMFLOW service automation system" and "smart service robot Ayuda" have won four "2025 Taiwan Excellence Awards", once again realizing the SYSCOM continuous Commitment to innovation. With the joint efforts of the management team and all employees, SYSCOM continues to implement the goals set by the company, integrates cutting-edge technologies, and provides the best integrated information system services that satisfy customers. Both the revenue and profit of 2024 have achieved outstanding performance.

An overview of our operations for 2024 and the outlook for 2025 are hereby reported:

I. 2024 Business Report

  1. Business plan implementation results:

The Company's consolidated net operating revenues for 2024 were NT$ 6,932,729 thousand, up 8.60% over 2023, and consolidated net profit after tax was NT$ 304,683 thousand, up 10.14% over 2023.

  1. 2024 budget implementation status:

The Company did not prepare and announce the financial forecast for 2024, and the consolidated profit or loss for 2024 is hereby presented as follows:

Unit: Thousands of NTD
Item Actual amount
Net operating revenue 6,932,729
Operating costs 5,143,769
Gross profit 1,788,960
Operating expenses 1,474,074
Operating profit 314,886
Non-operating income and
expenses		 55,536
Net profit before tax 370,422
Net profit for the year (after tax) 304,683

1

3. Analysis of financial receipts and expenditures and profitability for 2024:

Unit: Thousands of NTD

Item 2024 2023
Net operating revenue 6,932,729 6,383,820
Profit or loss after tax 304,683 276,638
Return on assets (%) 6.56 6.26
Return on shareholders’equity (%) 14.17 13.26
Net profit before tax as a percentage of
paid-in capital (%)		 37.04 32.95
Net profit margin (after tax) 4.39 4.33
Earnings per share (NTD) 3.06 2.78

Note: The above financial data was calculated based on the consolidated financial statements.

  1. Research and development status:

  2. (1) Technologies and products successfully developed:

  3. DBMaster DataBase

  4. DBMaker CloudDB

  5. DBMaker BigData DB

  6. DBMaker database management system

  7. DBMaker Docker Image

  8. RFID Intelligent Traffic and Transportation Platform

  9. Health Examination Management System

  10. Mobile Point of Sale

  11. Azure CSP Intelligent Cloud Management System

  12. CMMI Software Development Process Solution – SDPM

  13. Software Productivity Recursive Performance Prediction Model

  14. Next Generation Healthcare Information Syscom

  15. Futures Risk Control Rapid Mid-End System

  16. Securities Risk Control Rapid Mid-End System

  17. NCBS

  18. New Generation Securities and Futures Trading System

  19. NTD deposit, foreign exchange and trust account opening and e-form system

  20. Mobile Payment System

  21. NETCenter

  22. GreenMaker

  23. Cloud-Based Cross-Border Project Management Service

  24. Security Information Service Platform/Diamond Guard

  25. SASP Service Platform (SYSCOM Applications Service Portal) and My Note 3.2.

  26. Intelligent Analysis and Decision Support System

  27. Real-time satellite image reception and processing

  28. Patrol box electronic

  29. VIAMaster

  30. SERVICE Online

  31. Technical Service Management (TSM)

  32. OMFLOW

  33. Hyper Automation Log Archiving Management System

  34. SECURITY USER INTERFACE PROGRAM

  35. Visa Direct, Mastercard Cross-border, Cross-border Payment Transaction management system

  36. Big data database multi-level dynamic column R&D project

  37. Java Database Connectivity Native Protocol Driver Interface R&D Project

  38. Hyper Automation Scanning Task Framework(Hyper Automation Scanning Task Framework)

  39. Use of AI to promote highly automated management of contract security provisions

  40. (2) Future research and development directions (including ongoing projects).

  41. Secure Terminal Emulator – DRSE

  42. Intelligent service robot - AYUDA

  43. DBMaker CDC for kafka

  44. Anti-pandemic service robots

  45. OMFLOW Intelligent Automation,IA

  46. Opus One IP Continuous Configuration Management Platform (Version 1.5.6 and 1.5.7)

2

  • Nursing AI Helper

  • Use AI and Robotic Process Automation (RPA) to improve the efficiency of product problem solving

II. Outline of 2025 Business Plan

  • 1.Management Policy:

  • (1) AI-empowered applications to support industry upgrades and transformation.

  • (2) Expansion of products and professional service sales to increase profits.

  • (3) Pursuit of advanced technology applications capable of driving the digital economy.

  • (4) Continuous promotion of the Company's dual-focus of digital and sustainable transformation.

  • (5) Cooperation with large software project to expand the domestic and overseas markets.

  • 2.Important production and marketing policies:

  • (1) Use of generative AI to increase productivity and to accelerate corporate transformation.

  • (2) Implementation of comprehensive quality management and green sustainable business commitments.

  • (3) Expansion of core products and professional services in diverse fields and applications.

  • (4) Promotion of the applications of generative AI, 5G, cloud service, and information security.

  • (5) Alliance with outstanding manufacturers in Taiwan to expand domestic and overseas markets.

III. Impacts by the external competitive environment, regulatory environment and general economic environment

Emerging technology applications such as artificial intelligence, cloud computing, highperformance computing, and human-machine collaboration continue to drive economic development, bringing innovation and growth potential. AI technology-driven industries continue to become an important engine of global economic growth; as enterprises increasingly adopt AI technology, which drove the expansion of the upstream chip manufacturing and downstream application software markets. Driven by the recovery of demand for electronicsrelated products, the expanding application of emerging technologies such as high-speed computing and artificial intelligence, and the adjustment of Taiwan's economic and trade policies, investment is expected to continue its existing advantages and drive economic growth. The 2025 CES will see AI infiltrating all aspects to enhance the value of people's life and sustainable and better life; AI applications will become mainstream, no longer just a niche technology, but also widely and deeply in medical, transportation, education, manufacturing, and other fields.

According to the Statistics Department, Ministry of Economic Affairs, the rapid development of ICT technology in recent years has led to an increase in turnover of the computer and information service industry. Positioning system integration, applications from the cloud, 5G, IoT, information security, etc., not only increase the demand for IT construction of enterprises, but also drive the growth of private business opportunities and the promotion of industry-specific applications. As a result, the market scale has expanded year by year. In the past 10 years, the average turnover of the computer and information service industry has increased by 4.8%. Looking forward to 2025, the rebound in demand for electronics-related products, coupled with the expansion of demand for emerging technology applications such as high-speed computing and artificial intelligence, is expected to drive economic growth.

IV. The Company's future development strategy

  1. Short-term development plan

  2. (1) Use the AI operating platform to develop transportation, security, medical and commercial applications.

  3. (2) Combine generative AI systems and tools to improve business efficiency and quality.

  4. (3) Expand core products and professional services to improve overall profitability.

  5. (4) Develop a knowledge-based economy in AI, 5G, information security, big data, and cloud services.

  6. (5) Form alliances with outstanding domestic and foreign vendors to enter the overseas

3

emerging application market.

  1. Long-term development plan

  2. (1) Implement the commitment of continuous improvement of total quality and strive for sustainable development of ESG.

  3. (2) Demonstrate system capabilities and help enterprises upgrade digital transformation with AI empowerment.

  4. (3) Bridging the application of cutting-edge technology industries and forming an alliance with Taiwan team for World Cup.

Compared to the rapid changes brought by the pandemic, war, and inflation in recent years, many research institutions agree that in 2025, while the policies of the new U.S. president and ongoing — geopolitical tensions—particularly between the U.S. and China may cast uncertainty on the recovery of the two major economies, most global economies are demonstrating resilience. This is largely due to improvements in supply chains and growing demand for services, and overall, a modest level of growth is anticipated. In the face of new opportunities and challenges, SYSCOM remains committed to contributing to the information service industry through its professional expertise. By leveraging AI-powered systems and offering a comprehensive range of innovative software and hardware services, SYSCOM helps clients transform into resilient enterprises. Guided by the strategic vision of government ministries, SYSCOM and its industry peers actively participate in major software projects, innovative supply chain initiatives, and the supervision and guidance of generative AI and open-source technologies. The company also contributes practical industry experience in public service diffusion and pricing adjustments within the broader industrial development environment, working together with clients to foster sustainable growth for both businesses and society. The possibilities are endless with 50 years of SYSCOM! We are confident to take on even greater challenges and create a brighter future. Finally, I wish all shareholders good health and all the best to you.

Chairman: Jui-Fu Liu

4

Two. Corporate Governance Report

I. Information on directors, president, vice president, assistant VP, heads of departments and branches

(I) Information on directors

I. Information on directors, president,
(I) Information on directors		 I. Information on directors, president,
(I) Information on directors		 I. Information on directors, president,
(I) Information on directors		 I. Information on directors, president,
(I) Information on directors		 I. Information on directors, president,
(I) Information on directors		 I. Information on directors, president,
(I) Information on directors		 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
 vice president, assistant VP, heads of departments and branches
As of April 13,2025
Job title Nationality
or place of
registration

Name		 Gender and
age		 Date elected Terms
of
office		 Date first
elected		 Shareholding when elected Shareholding now Shareholding of spouse and
minor children now		 Shareholding in the
name of others		 Major experience (education) Concurrent
positions
in the
Company
and other
companies
now		 Spouse or relatives within second
degree of kinship who are officers,
directors or supervisors of the
Company		 Remark
Number of
shares		 Shareholding
percentage		 Number of
shares		 Shareholding
percentage		 Number of
shares		 Shareholding
percentage
Number
of
shares		 Shareholding
percentage		 Job title Name Relationship
Chairman R.O.C. Jui-Fu
Liu		 Male
71~80 years
old		 2024.06.12 3
years		 1980.10.25 18,346,787 18.35
18,346,787		 18.35
0
0
0
0		 Department of Electrical
Engineering, National Cheng
Kung University
Honorary Doctorate, National
Dong Hwa University
Chairman of the Taipei Computer
Association		 Note 1 Director
Director		 Jui-Long
Liu
Chih-Chun
Liu		 Bothers
Father and
daughter		 -
Director R.O.C. Jui-Long
Liu		 Male
61~70 years
old		 2024.06.12 3
years		 1986.12.08 402,562 0.40
402,562		 0.40
0
0
0
0		 Institute of Management Science,
National Chiao Tung University
Lecturer of Tamkang University
President of Information Service
IndustryAssociation of R.O.C.		 Note 2 Chairman Jui-Fu Liu Bothers -
Director R.O.C. Po-Wen
Wang		 Male
71~80 years
old		 2024.06.12 3
years		 2008.06.13 0 0
0		 0
0
0
0
0		 Department of Science and
Management, Graduate Institute
of Business Administration,
National Chengchi University
Deputy Director of Engineering
Development Office, National
Chung-Shan Institute of Science
& Technology		 None None None None -
Director R.O.C. Chih-
Chun Liu		 Female
51~60 years
old		 2024.06.12 3
years		 2021.07.29 4,375,567 4.38
9,615,240		 9.62
0
0
0
0		 Computer Animation
Department, San Francisco
Universityof the Arts		 Note 3 Chairman Jui-Fu Liu Father and
daughter		 -
Independent
Director		 R.O.C. Chung-
Lieh Kuo		 Male
61-70 years
old		 2024.06.12 3
years		 2021.07.29 0 0
0		 0
0
0
0
0		 Department of Business
Administration, Chung Hua
University		 Note 4 None None None -
Independent
Director		 R.O.C. So-Yun
Cheng		 Female
61~70 years
old		 2024.06.12 3
years		 2003.05.27 1,254 0
1,254		 0
108
0
0
0		 Department of Business
Paperwork, Ming Chuan
University		 Note 4 None None None Note 5
Independent
Director		 R.O.C. Feng-
Chiu Yu		 Female
51~60 years
old		 2024.06.12 3
years		 2003.05.27 1,273 0
1,273		 0
0
0
0
0		 Department of Accounting,
Tunghai University		 Note 4 None None None Note 5

Note 1: Chief Strategy Officer of the Company, director of CASEMaker Inc. and director of ACTISYS INTERNATIONAL CORPORATION

Note 2: President of the Company, president of CASEMaker Inc.

Note 3: Supervisor of Welida Investment Co., Ltd.

Note 4: Member of the Remuneration Committee of the Company

Note 5: Did not serve as a director of the Company from July 29, 2021 to June 11, 2024.

Note 6: If the chairman and the president or equivalents (the top managerial officers) of the Company are the same person, each other’s spouse or relative within first degree of kinship, the reason, rationality, necessity, countermeasures (such as increasing the number of independent directors and having a majority of directors who are not concurrently serving as employees or managerial officers, etc.) and related information should be described: No such situation.

5

(II) Major shareholders of corporate shareholders: None

(III) The major shareholders of corporate shareholders that are corporations: None

(IV) Disclosure of professional qualifications of directors and independence of independent directors:

Criteria
Name		 Professional qualifications and experience Status of independence Number of other
public
companies in
which the
individual is
concurrently
serving as an
independent
director
Chairman
Jui-Fu Liu		 Major education: Department of Electrical Engineering, National Cheng
Kung University and Honorary Doctorate, National
Dong Hwa University
Major experience: Chairman and Chief Strategy Officer of SYSCOM
COMPUTER ENGINEERING CO., director of
CASEMaker Inc., director of ACTISYS
INTERNATIONAL CORPORATION, chairman of the
Taipei Computer Association and chairman of
Information Month Compaign Committee		 1. Concurrently Chief Strategy Officer of the Company, a managerial
officer.
2. Concurrently a director of an affiliate of the Company (100%
subsidiary).
3. Natural-person shareholder holding more than 1% of the total number
of issued shares or among the top 10 shareholders in the name of
itself and its spouse.
4. A relative within the second degree of kinship of directors Jui-Long
Liu and Chih-Chun Liu.
5. A shareholder holding more than 5% of the stake of a company with
which the Company has business dealings.
6. The independence requirements set forth in the "Regulations
Governing Appointment of Independent Directors and Compliance
Matters for Public Companies" promulgated by the Financial
Supervisory Commission(FSC)has been met.








0
Director
Jui-Long Liu		 Major education: Institute of Management Science, National Chiao Tung
University
Major experience: President of SYSCOM COMPUTER ENGINEERING
CO., President of CASEMaker Inc., Lecturer of
Tamkang University, President of Information Service
Industry Association of R.O.C., Vice Chairman and
Executive Director of Cloud Computing & IoT
Association in Taiwan, Vice Chairman and Executive
Director of Digital Transformation Association,
Director of National Information Infrastructure
Enterprise Promotion Association, Vice Chairman of
Taiwan Coalition of Service Industries; Vice Chairman
of Information Management Associationof R.O.C.		 1. Concurrently President of the Company, a managerial officer.
2. Concurrently a director of an affiliate of the Company (100%
subsidiary).
3. A relative within the second degree of kinship of director Jui-Fu Liu.
4. The independence requirements set forth in the "Regulations
Governing Appointment of Independent Directors and Compliance
Matters for Public Companies" promulgated by the Financial
Supervisory Commission has been met.




0
Director
Po-Wen Wang		 Major education: Department of Science and Management, Graduate
Institute of Business Administration, National Chengchi
University
Major experience: Deputy Director of Engineering Development Office,
National Chung-Shan Institute of Science &
Technology		 The independence requirements set forth in the "Regulations
Governing Appointment of Independent Directors and Compliance
Matters for Public Companies" promulgated by the Financial
Supervisory Commission has been met.


0
Director
Chih-Chun Liu		 Major education: Computer Animation Department, San Francisco
University of the Arts
Major experience: Supervisor of SYSCOM COMPUTER
ENGINEERING CO., supervisor of Welida Investment
Co., Ltd.		 1. Concurrently supervisor of affiliates of the Company.
2. Natural-person shareholder holding more than 1% of the total number
of issued shares or among the top 10 shareholders in the name of
itself.
3. A relative within the second degree of kinship of director Jui-Fu Liu.
4. A supervisor of a company with which the Company has business
dealings.
5. The independence requirements set forth in the "Regulations
Governing Appointment of Independent Directors and Compliance
Matters for Public Companies" promulgated by the Financial
Supervisory Commission has been met.






0
Independent
Director
Chung-Lieh Kuo		 Major education: Department of Business Administration, Chung Hua
University
Major experience: Member of the Remuneration Committee of the
Company and Manager of Orient Semiconductor
Electronics, Ltd.
With work experience in related areas required for the Company’s
business		 The three independent directors of the Company have met the
qualifications set forth in the "Regulations Governing Appointment of
Independent Directors and Compliance Matters for Public Companies"
and Article 14-2 of the Securities and Exchange Act promulgated by
the Financial Supervisory Commission during the two years prior to
their election and during their terms of office, and all of the independent
directors have been granted the right to participate in decision-making
and express their opinions in accordance with Article 14-3 of the
Securities and Exchange Act, so that they can independently perform
the relevant duties and responsibilities.		 0
Independent
Director
So-Yun Cheng		 Major education: Department of Business Paperwork, Ming Chuan
University
Major experience: Chief Accountant of Chang Tai Construction Co., Ltd.
With more than 5 years of work experience in commerce, financial,
accounting or related areas required for the Company’s business








0
Independent
Director
Feng-Chiu Yu		 Major education: Department of Accounting, Tunghai University
Major experience: Passed the CPA Examination of the Republic of China,
Manager of Department of WIN Semiconductors Corp.
With more than 5 years of work experience in commerce, financial,
accounting or related areas required for the Company’s business		 0

6

  • (V) Diversity and independence of the Board of Directors:

  • Diversity of the Board of Directors:

  • (1) The Company has established the "Corporate Governance Best Practice Principles" and the composition of the Board of Directors is determined by taking into consideration the diversity of the Board of Directors, the members of which not only possess the knowledge, skills and qualities necessary to perform their duties, but also have diverse backgrounds in industry, academia and knowledge. Please refer to (IV) Disclosure of professional qualifications of directors and independence of independent directors for their educations and experiences. At present, individual directors of the Company carry through the policy of diversity of board members as follows, mainly including:

    • A.Basic criteria and values of directors, including gender, age, nationality, and culture, etc.

    • B.Directors' professional knowledge and skills, including professional background (such as law, accounting, industry, finance, marketing or technology), professional skills and industry experience, etc.

    • C.Directors’ abilities include operational judgment, accounting and financial analysis, business management, crisis management, industry knowledge, international market perspective, leadership, and decision-making ability.

(2) Implementation status of the diversity of board members:

Core items of
diversity
Director
Name		 Basic composition Basic composition Basic composition Basic composition Basic composition Basic composition Basic composition Basic composition Professional ability

Nationality		 Gender
Concurrently
serving the
Company as an
employee		 Age Tenure as an
independent
director		 The ability
to make
judgments
about
operations.
 Accounting
and financial
analysis
ability.		 Business
management
ability.		 Crisis
management
ability.		 Industry
knowledge		 International
market
perspective.		 Leadership
Decision-
making
ability
41
to
50		 51
to
60		 61
to
70		 71
to
80		 Less
than
3
years		 3 to
9
years		 More
than 9
years
Jui-FuLiu R.O.C. Male V V V V V V V V V V
Jui-LongLiu R.O.C. Male V V V V V V V V V V
Po-WenWang R.O.C. Male V V * V V V V V V
Chih-Chun Liu R.O.C. Female V V * V V V V V V
Chung-Lieh
Kuo		 R.O.C. Male V V V * V V V V V V
So-Yun Cheng R.O.C. Female V V V V V V V V V V
Feng-Chiu Yu R.O.C. Female V V V V V V V V V V

Note: * means with partial ability

  • (3) The Company's Board of Directors has seven seats, of which three are independent directors and two are concurrently managerial officers of the Company, representing 29% of the total number of directors. No more than one-third of the directors are concurrently managerial officers of the Company. Nor more than half of the directors are spouses or relatives within second degree of kinship of each other. The percentage of independent directors is 43%. One independent directors have a tenure of 3 to 9 years, and two independent director has a tenure of less than 3 years. Two of the Company's directors are aged 71 or older, three are aged 61 to 70, and two are aged 51 to 60. The Company has three female directors, and the proportion of female directors is 43%. At least one-third of the board seats of either gender have been achieved.

  • Independence of the Board of Directors:

  • (1) The Board of Directors of the Company exercises its authorities and responsibilities under the corporate governance system in accordance with laws and regulations, the Articles of Incorporation or resolutions of the shareholders' meeting. Directors and the three independent directors are independent in exercising their authorities and responsibilities in accordance with the relevant laws and regulations and leverage the Audit Committee's authorities and responsibilities to oversee the effective implementation of the Company's internal controls, the appointment and independence of attesting certified public accountants and the proper preparation of financial statements.

  • (2) The procedures for the election of all directors of the Company are open and fair, and comply with the Company's “Articles of Incorporation”, the “Procedures for Election of Directors”, the “Corporate Governance Best Practice Principles”, the “Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies”, and Article 14-2 of the “Securities and Exchange Act”. The current Board of Directors has seven seats. No more than one-third of the directors are concurrently managerial officers of the Company. Nor more than half of the directors are spouses or relatives within second degree of kinship of each other, which is in accordance with the provisions of Item 3 of Article 26-3 of the “Securities and Exchange Act”.

  • (3) The Company has three independent directors, accounting for 43% of all directors. None of the three independent directors has served for more than nine consecutive years. The requirements for independent directors set forth in the "Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies" promulgated by the Financial Supervisory Commission has been met by the independent directors of the Company.

7

(VI)President, vice president, assistant VP, heads of departments and branches

As of April 13,2025 As of April 13,2025 As of April 13,2025 As of April 13,2025 As of April 13,2025 As of April 13,2025 As of April 13,2025 As of April 13,2025 As of April 13,2025 As of April 13,2025 As of April 13,2025 As of April 13,2025
Job title Nationality Name Gender Date
elected		 Number of shares held Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship
who are officers of the
Company		 Remark
(Note 15)
Number of
shares
Shareholding
percentage
Number
of shares		 Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job title Name Relationship
Chief Strategy
Officer		 R.O.C. Jui-Fu
Liu		 Male 2005.08.01 18,346,787 18.35 0 0 0 0 Department of Electrical Engineering, National
Cheng Kung University
Honorary Doctorate, National Dong Hwa
University
ChairmanoftheTaipeiComputer Association		 Note 1 President Jui-
Long
Liu		 Bothers -
President R.O.C. Jui-
Long
Liu		 Male 1993.11.08 402,562 0.40 0 0 0 0 Institute of Management Science, National
Chiao Tung University
Lecturer of Tamkang University
President of Information Service Industry
Associationof R.O.C.		 Note 2 Chief
Strategy
Officer		 Jui-
Fu
Liu		 Bothers -
Vice President R.O.C. Chao-
Lai Wu		 Male 2002.01.18 0 0 0 0 0 0 Department of Electronic Engineering,
Minghsin College of Science and Technology
Engineerof ANPEI ENTERPRISECO.,LTD.		 None None None None -
Vice President R.O.C. Anthony
Tseng
Male		 2007.06.01 0 0 0 0 0 0 Department of Electricity and Information
Technology, National Taipei College of
Business		 Note 3 None None None -
Vice President R.O.C. Chen-
Huan Li		 Male 2007.06.01 6,689 0.01 0 0 0 0 Department of Electronic Engineering
Technology, National Taiwan University of
Science andTechnology		 None None None None -
Vice President R.O.C. Chun-
Cheng
Li		 Male 2011.01.01 11,805 0.01 0 0 0 0 Department of Electronic Engineering
Technology, National Taiwan Institute of
Science andTechnology		 None None None None -
Vice President R.O.C. Kuei-
Sheng
Yuan		 Male 2016.06.01 4,000 0 0 0 0 0 Defense Management Information Course,
National Defense Management College
President of DreammapTechnologies Co.,Ltd.		 None None None None -
Vice President R.O.C. Shun-
Liang
Hsieh		 Male 2013.03.22 0 0 0 0 0 0 Department of Civil Engineering, Tamkang
University		 None None None None -
Vice President R.O.C. Bing-
SenSu		 Male 2013.03.22 66,851 0.07 487 0 0 0 Department of Business Mathematics, Soochow
University		 Note 4 None None None -
Vice President R.O.C. Chin-
Fen Yu		 Female 2015.03.26
1,552
0
0
0
0
0		 Bellevue University MBA None None None None -
Vice President R.O.C. Nai-
Cheng
Cheng		 Male 2017.06.26 0 0 0 0 0 0 Institute of Management Science, Tamkang
University
President of Business Group I, RING LINE
CORP.		 None None None None -

8

Job title Nationality Name Gender Date
elected		 Number of shares held Number of shares held Shareholding of spouse
and minor children		 Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company		 Remark
(Note 15)
Number of
shares
Shareholding
percentage
Number
of shares		 Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job title Name Relationship
Vice President R.O.C. Tsan-
Chang
Li		 Male 2020.07.01 0 0 0 0 0 0 Department of Electronics, Tungnan College of
Technology Product Manager of Taiwan
Branch, Diebold corp, Sales Division Chief of
SYSTEXCorporation		 Note 5 None None None -
Sales Vice
President		 R.O.C. Li-
Chang
Wu		 Male 2010.11.19 7,543 0.01 0 0 0 0 Department of Computer Science, Feng Chia
University		 None None None None -
Project Vice
President		 R.O.C. Yen-
Nien Hu		 Male 2018.08.15 0 0 0 0 0 0 Graduate School of Business Administration,
Da-Yeh University
DivisionChiefofVeteransAffairs Council		 None None None None -
Sales Vice
President		 R.O.C. Yu-
Lung
Hsueh		 Male 2019.05.10 0 0 0 0 0 0 Master of Business Administration, National
Sun Yat-sen University		 None None None None -
Sales Vice
President		 R.O.C. Cheng-
Tung
Ko		 Male 2020.03.01 1,027 0 937 0 0 0 Department of Business Administration,
Tunghai University		 None None None None -
Sales Vice
President		 R.O.C. Hsu-
Hung
Chen		 Male 2022.01.01 0 0 0 0 0 0 Master of Business Administration, National
Chengchi University,Master of Business
Administration, Tatung University
Senior DivisionChiefof RINGLINECORP.		 None None None None -
Sales Vice
President		 R.O.C. Kuang-
Keng
Liang		 Male 2022.01.17 0 0 0 0 0 0 Department of Electrical Engineering, National
Taipei University of Technology		 None None None None -
Sales Vice
President		 R.O.C. Shu-
Ching
Lin		 Female 2022.07.01 941 0 0 0 0 0 Department of Business Administration,
National Taipei College of Business,		 None None None None -
Sales Vice
President		 R.O.C. Ming-
Feng Li		 Male 2024.05.20
0
0
0
0
0
0		 Department of Computer Engineering,
Tamkang University
Managerof Alcatel-LucentEnterpriseTaiwan		 None None None None -
Chief
Technology
Officer		 R.O.C. Ching-
Tzu
Shih		 Male 2005.06.01 2,552 0 0 0 0 0 Department of Electrical Engineering, Chung
Yuan Christian University
Engineerof TAI TIENELECTRIC CO.,LTD.		 Note 6 None None None -
Principal
Division Chief		 R.O.C. Jia-
Chang
Chang		 Male 2005.06.01 0
0
0		 0 0 0 Department of Shipbuilding, National Taiwan
Ocean University
Completed the third programming session of
programming class of the Youth Development
Administration		 Note 7 None None None -
Chief R&D
Officer		 R.O.C. Tsai-
Cheng
Chen		 Male 2005.06.01
0
0
0
0
0
0		 Department of Information Science, National
Chiao Tung University		 None None None None -
Principal
Division Chief		 R.O.C. Tsai-Chi
Sung
Male		 2005.06.01
17,360
0.02
0
0
0
0		 Department of Electronics, Minghsin College of
Science and Technology		 Note 8 None None None -

9

Job title Nationality Name Gender Date
elected		 Number of shares held Number of shares held Shareholding of spouse
and minor children		 Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company		 Remark
(Note 15)
Number of
shares		 Shareholding
percentage
Number of
shares		 Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job
title		 Name Relationship
Principal
Division Chief		 R.O.C. Chih-
Wei
Wen		 Male 2005.06.01 0
0
0		 0 0 0 Department of Electrical Engineering, National
Tsing Hua University		 Note 9 None None None -
Chief Finance
Officer		 R.O.C. Li-
Chueh
Du		 Female 2000.06.19 6,793 0.01 0 0 0 0 Department of Statistics and Accounting,
National Taipei College of Business,		 None None None None -
Principal
Division Chief		 R.O.C. Ming-
Kun
Lin		 Male 2005.06.01 0 0 0 0 0 0 Institute of Information Engineering, Tamkang
University		 None None None None -
Principal
DivisionChief		 R.O.C. Chien-
Yi Li		 Male 2005.06.01 0 0 0 0 0 0 Department of Information Engineering,
NationalChiaoTung University		 None None None None -
Principal
Division Chief		 R.O.C. Chih-
Chung
Chen		 Male 2005.06.01 4,750 0 0 0 0 0 Department of Mathematics, Tamkang
University		 Note 10 None None None -
Principal
Division Chief		 R.O.C. Feng-
Lin
Yen		 Male 2005.06.01 500 0 0 0 0 0 Department of Information Management,
Providence University		 None None None None -
Senior Assistant
VP		 R.O.C. Mao-
Ming
Wang		 Male 2006.04.17 0 0 0 0 0 0 Department of Mechanics, Army Academy
R.O.C.		 None None None None -
Principal
DivisionChief		 R.O.C. Ta-Yu
Deng		 Male 2007.02.01 21,842 0.02 0 0 0 0 Department of Electronical Engineering,
Tamkang University		 None None None None -
Principal
DivisionChief		 R.O.C. Po-Shu
Hsueh
Male		 2007.03.01 0 0 0 0 0 0 Department of Electronical Engineering,
NationalChiaoTung University		 None None None None -
Assistant VP R.O.C. Kai-
Tsung
Wang		 Male 2007.10.01 470 0 0 0 0 0 MS in Information Management, New York
Institute of Technology		 None None None None -
Principal
Division Chief		 R.O.C. Cheng-
Wu
Shao		 Male 2007.10.01 0 0 0 0 0 0 Institute of Information Engineering, National
Chiao Tung University		 Note 11 None None None -
Senior Assistant
VP		 R.O.C. Mei-
Ling
Yang		 Female 2009.04.01
6,601
0.01
0
0
0
0		 Department of Electronic Data Management,
Ming Chuan University		 None None None None -
Senior Division
Chief		 R.O.C. Wen-
Hsiung
Yeh		 Male 2009.06.01
0
0
0
0
0
0		 Department of Mechanical Engineering, Chung
Yuan Christian University		 None None None None -

10

Job title Nationality Name Gender Date
elected		 Number of shares held Number of shares held Shareholding of spouse
and minor children		 Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company		 Remark
(Note 15)
Number of
shares		 Shareholding
percentage
Number of
shares		 Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job
title		 Name Relationship
Principal
Division Chief		 R.O.C. Kun-
Ting
Chiu		 Male 2010.01.07 6,421 0.01 0 0 0 0 Department of Information Management, National
Central University		 Note 12 None None None -
Division Chief R.O.C. Yen-
Mei
Lin		 Female 2010.02.01 0 0 0 0 0 0 Department of International Trade, Tamkang
University		 None None None None -
Principal
Division Chief		 R.O.C. Yung-
Chen
Yang		 Female 2010.04.01 25,340 0.03 0 0 0 0 Department of Business Administration,
Providence University		 None None None None -
Division Chief R.O.C. Shu-
Hua
Liu		 Female 2010.10.01 2,962 0 0 0 0 0 Department of Statistics and Accounting, Takming
College of Business,		 None None None None -
Principal
DivisionChief		 R.O.C. Chao-
YiWu		 Male 2011.01.17 0 0 0 0 0 0 Department of Electronic Engineering, National
Taipei Institute of Technology		 Note 13 None None None -
Senior Assistant
VP		 R.O.C. Hung-
Chun
Chao		 Male 2011.06.07 500 0 1,000 0 0 0 Department of Psychology, Chung Yuan Christian
University		 None None None None -
Division Chief R.O.C. Wen-
Ching
Tsai		 Male 2011.07.01 0 0 0 0 0 0 Institute of Information Engineering, National
Taiwan University		 None None None None -
Senior Assistant
VP		 R.O.C. Chun-
Yi
Chao		 Female 2011.07.04 0 0 0 0 0 0 Kao Yuan Technical College
Project Manager of SYSTEX Corporation		 None None None None -
Senior Division
Chief		 R.O.C. Chia-
Yuan
Yeh		 Male 2011.07.05 4,362 0 0 0 0 0 Institute of Information Management, National
Central University		 None None None None -
Division Chief R.O.C. Chia-
RuLiu		 Male 2012.03.21 0 0 0 0 0 0 Institute of Traffic and Transportation Studies,
NationalChiaoTung University		 None None None None -
Principal
DivisionChief		 R.O.C. Te- Li
Chen		 Male 2012.03.21 221 0 0 0 0 0 Department of Electric Engineering, National
TaipeiUniversity of Technology		 None None None None -
Principal
DivisionChief		 R.O.C. Yi-Lun
Wang		 Male 2012.03.21
1,000
0
1,108
0
0
0		 Institute of Business Administration, National
TaipeiUniversity of Technology		 None None None None -
Division Chief R.O.C. Chi-An
Hsueh
Male		 2012.03.21
3,409
0
1,199
0
0
0		 Institute of Information Management, National
Sun Yat-sen University		 None None None None -

11

Job title Nationality Name Gender Date
elected		 Number of shares held Number of shares held Shareholding of spouse
and minor children		 Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company		 Remark
(Note 15)
Number of
shares		 Shareholding
percentage
Number of
shares		 Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job
title		 Name Relationship
Division Chief R.O.C. Chi-
Hsiang
Tang		 Male 2012.08.27 0 0 0 0 0 0 Institute of Electrical Engineering, National
Taiwan University of Science and Technology		 None None None None -
Division Chief R.O.C. Nai-
Fang
Cheng		 Female 2012.08.27 0 0 0 0 0 0 Department of Foreign Languages, National
Taiwan University		 None None None None -
Senior Assistant
VP		 R.O.C. Yao-
Chang
Chen		 Male 2012.08.27 0 0 0 0 0 0 Department of Information Science, Chinese
Culture University		 None None None None -
Principal
Division Chief		 R.O.C. Yi-
Ming
Chang		 Male 2012.08.27 4,991 0 0 0 0 0 Department of Information Engineering, Tamkang
University		 None None None None -
Division Chief R.O.C. Cheng-
YuLi		 Male 2013.03.22 0 0 0 0 0 0 Master Program of Information Engineering,
National TaipeiUniversity of Technology		 None None None None -
Senior Assistant
VP		 R.O.C. Chia-
Ching
Li		 Female 2013.03.22 1,000 0 0 0 0 0 Department of Business Management Technology,
National Taiwan University of Science and
Technology		 None None None None -
Senior Assistant
VP		 R.O.C. Tsang-
Sung
He		 Male 2013.03.22 0 0 0 0 0 0 Institute of Management Studies, I-SHOU
University		 None None None None -
Principal
Division Chief		 R.O.C. Huang-
Hsiang
Yang		 Male 2013.05.09 0 0 0 0 0 0 University of San Francisco MBA None None None None -
Senior Division
Chief		 R.O.C. Wen-
PoHsu		 Female 2013.08.12 0 0 0 0 0 0 Department of Industrial Management, Huafan
University		 None None None None -
Senior Division
Chief		 R.O.C. Erh-
Wei
Dai		 Male 2013.08.12 0 0 0 0 0 0 Department of Mathematics, Fu Jen Catholic
University		 None None None None -
Principal
DivisionChief		 R.O.C. Hui-Yi
Lin		 Male 2013.08.12
10,000
0.01
0
0
0
0		 Institute of Information Engineering, Feng Chia
University		 None None None None -
Senior Assistant
VP		 R.O.C. Tien-
Chih
Yen		 Male 2014.03.28
0
0
0
0
0
0		 Department of Information Management,
Southern Taiwan University of Science and
Technology		 None None None None -
Assistant VP R.O.C. Hao-
Cheng
Yang		 Male 2014.03.28
0
0
0
0
0
0		 Department of Mechanical Engineering, National
Taipei Institute of Technology		 None None None None -

12

Job title Nationality Name Gender Date
elected		 Number of shares held Number of shares held Shareholding of spouse
and minor children		 Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company		 Remark
(Note 15)
Number
of shares		 Shareholding
percentage
Number of
shares
Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job title Name Relationship
Principal
DivisionChief		 R.O.C. Wan-
Tan Lin		 Male 2014.03.28 0 0 0 0 0 0 Department of Information Management, Fu Jen
Catholic University		 Note 14 None None None -
Principal
Division Chief		 R.O.C. Fu-
Chien
Cheng		 Male 2014.03.28 0 0 0 0 0 0 Institute of Information Management, National
Sun Yat-sen University		 None None None None -
Senior Division
Chief		 R.O.C. Hung-
Yi Lin		 Male 2014.03.28 3,545 0 0 0 0 0 Department of Electronic Engineering
Technology, National Taiwan Institute of Science
andTechnology		 None Senior
Division
Chief
Mei-
Feng
Chang		 Man and
wife		 -
Division Chief R.O.C. Chiung-
WeHsu		 Female 2014.03.28 0 0 0 0 0 0 Department of Electricity and Information
Technology, National TaipeiCollege of Business		 None None None None -
Principal
Division Chief		 R.O.C. Chiu-
Jung
Chiang		 Female 2014.05.09 3,937 0 0 0 0 0 Department of Cooperative Economics, Tamkang
University
Leaderof InformationOffice, GuoBao Securities		 None None None None -
Senior Assistant
VP		 R.O.C. Shih-
Fang
Chang		 Female 2015.02.06 0 0 0 0 0 0 Department of International Trade, Chihlee
College of Technology
Project Manager of DIMERCO DATA SYSTEM
CORPORATION		 None None None None -
Senior Assistant
VP		 R.O.C. Chia-
Hsu
Hsiao		 Male 2015.02.13 0 0 0 0 0 0 Department of Electronical Engineering, Chung
Yuan Christian University
Division Chief of Enterprise Business Group,
Dimension Data		 None None None None -
Assistant VP R.O.C. Li-
Chun
Lin		 Male 2015.03.26 0 0 0 0 0 0 MS in Information Management, National Taiwan
University of Science and Technology		 None None None None -
Principal
Division Chief		 R.O.C. Rui-
Ching
Lin		 Male 2015.03.26 0 0 0 0 0 0 Institute of Business Administration, Tunghai
University		 None None None None -
Senior Division
Chief		 R.O.C. Mei-
Feng
Chang		 Female 2015.04.01 0 0 3,545 0 0 0 National Chin-Yi College of Technology None Senior
Division
Chief
Hung-
Yi Lin		 Man and
wife		 -
Principal
Division Chief		 R.O.C. Chih-
Cheng
Lin		 Male 2015.05.08
0
0
0
0
0
0		 Department of Information Management, National
Central University		 None None None None -
Project Division
Chief		 R.O.C. Kang-
Yuan
Fan		 Male 2015.10.26
500
0
0
0
0
0		 Department of Mathematics, Tamkang University None None None None -

13

Job title Nationality Name Gender Date
elected		 Number of shares held Number of shares held Shareholding of spouse
and minor children		 Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Shareholding in the
name of others
Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company		 Remark
(Note 15)
Number of
shares		 Shareholding
percentage
Number of
shares		 Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job title Name Relationship
Division Chief R.O.C. Wei-
Jen
Cheng		 Male 2016.05.09 0 0 0 0 0 0 Department of Applied Mathematics, National Sun Yat-
sen University
Assistant VP, HWACOM SYSTEMS INC.		 None None None None -
Acting Assistant
VP		 R.O.C. Chin-
Yu
Chen		 Female 2016.08.08 0 0 0 0 0 0 Department of Economics, Chinese Culture University
Sales Manager of Howard Hotels		 None None None None -
Senior Division
Chief		 R.O.C. Yu-
Ting
Tseng		 Female 2016.11.08 0 0 0 0 0 0 Institute of Telecommunications, National Taiwan
University
Leader of Network Maintenance Division, Taiwan
Fixed Network Co.,Ltd.		 None None None None -
Assistant VP R.O.C. Yi-
Chun
Liu		 Male 2017.02.15 165 0 0 0 0 0 Department of Industrial Design, Ming Chi College of
Technology
Angroup Technology Co., Ltd.		 None None None None -
Division Chief R.O.C. Chun-
Feng
Lin		 Male 2017.04.01 0 0 0 0 0 0 In-service Program, Institute of Health Management,
Asia University
Department of Information Management, Chung Yuan
Christian University		 None None None None -
Project Assistant
VP		 R.O.C. Chun-
Hua
Liu		 Male 2017.05.10 437 0 0 0 0 0 Institute of Electrical Engineering, National Chung
Hsing University		 None None None None -
Project Assistant
VP		 R.O.C. Chung-
Chieh
Wu		 Male 2017.07.11 0 0 0 0 0 0 Department of Information Science, Chinese Culture
University
Vice President of INPRO TECHNOLOGIES CORP.		 None None None None -
Assistant VP R.O.C. Hung-
Yu Hsu		 Male 2017.07.20 0 0 0 0 0 0 MS of Institute of National Defense Information,
National Defense Management College
Deputy Researcher of Cybersecurity Office, National
SecurityCouncil.		 None None None None -
Principal
Division Chief		 R.O.C. Min-
Chung
Huang		 Male 2017.08.01
0
0
0
0
0
0		 MBA of Institute of Management, National
Taipei University of Business		 None None None None -
Assistant VP R.O.C. Po-Yi
Chen		 Male 2017.08.11
0
0
0
0
0
0		 Department of Applied Mathematics, National
Chung Hsing University		 None Project
Assistant
VP
Jo-Han
Hsieh		 Man and
wife		 -
Division Chief R.O.C. Kuan-
Chih
Chen		 Male 2017.08.11
0
0
0
0
0
0		 Department of Business Administration, Chung
Hua University		 None None None None -
Division Chief R.O.C. Chun-
Fu
Yang		 Male 2017.08.11
0
0
0
0
0
0		 EMBA of National Taipei University of Business
None		 None None None -

14

Job title Nationality Name Gender Date
elected		 Number of shares held Number of shares held Shareholding of spouse
and minor children		 Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company		 Remark
(Note 15)
Number
of shares		 Shareholding
percentage
Number of
shares
Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job title Name Relationship
Division Chief R.O.C. Ta-Jen
Hsu		 Male 2017.08.11 0 0 0 0 0 0 MS in Electric Engineering, National Kaohsiung
University ofScience andTechnology		 None None None None -
Division Chief R.O.C. Chung-
Chun
Lin		 Male 2017.08.11 2,663 0 0 0 0 0 Department of Electronic Engineering, Asia
Eastern College of Science and Technology		 None None None None -
Senior Division
Chief		 R.O.C. Tai-
Yuan
Hu		 Male 2017.11.01 0 0 0 0 0 0 Institute of Information Engineering, Tamkang
University
Manager of Development Department, Modern
TimesFinancial InformationCo.,Ltd.		 None None None None -
Division Chief R.O.C. Shu-
Chuan
Chiu		 Female 2017.11.10 0 0 0 0 0 0 Department of Chinese, National Sun Yat-sen
University		 None None None None -
Project Assistant
VP
R.O.C.		 Yung-
Kang
Chang		 Male 2018.05.21 0 0 0 0 0 0 Department of Information Management,
Minghsin University of Science and Technology		 None None None None -
Division Chief R.O.C. Meng-
Hung
Pan		 Male 2018.07.01 0 0 0 0 0 0 Department of Information Management,
Chaoyang University of Technology		 None None None None -
Division Chief R.O.C. Fan-
Ying
Chang		 Male 2018.08.09 0 0 0 0 0 0 Department of Electronics, National Taipei
Institute of Technology		 None None None None -
Division Chief R.O.C. Yu-
Chung
Huang		 Male 2018.08.09 0 0 0 0 0 0 Department of Electronics, Asia Eastern College
of Science and Technology		 None None None None -
Project Assistant
VP
R.O.C.		 Yu-
Kang
Tseng		 Male 2018.08.09
0
0
0
0
0
0		 Department of Mechanical Engineering, Lee-
Ming Institute of Technology
Sales Manager of CHUNG HWA EXCHANGE
NETWORK INC.		 None None None None -
Project Division
Chief		 R.O.C. Tsang-
Wei
Chang		 Male 2018.10.09
0
0
0
0
0
0		 EMBA of Information Management Group,
National Chengchi University
Chief of Electrical and Mechanical Engineering
Division, Chunghwa System IntegrationCo.,Ltd.		 None None None None -
Principal
DivisionChief		 R.O.C. Wei-Pi
Chou		 Male 2019.01.31
1,500
0
0
0
0
0		 Institute of Information Management, National
Taiwan Institute ofScience andTechnology		 None None None None -
Assistant VP R.O.C. Cheng-
We
Hung		 Male 2019.04.01
0
0
0
0
0
0		 Institute of Electric Commerce, National Chung
Hsing University		 None None None None -

15

Job title Nationality Name Gender Date
elected		 Number of shares held Number of shares held Shareholding of spouse
and minor children		 Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company		 Remark
(Note 15)
Number
of shares		 Shareholding
percentage
Number of
shares
Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job title Name Relationship
Division Chief R.O.C. Chun-
Tzu
Chen		 Female 2019.05.10 0 0 0 0 0 0 Department of International Trade, Feng Chia
University
SalesManagerof BESTCOM InfotechCorp.		 None None None None -
Assistant VP R.O.C. Chiu-
Hua
Lin		 Female 2019.05.10 0 0 0 0 0 0 Department of Industrial Engineering, Chung
Yuan Christian University		 None None None None -
Division Chief R.O.C. Yi-
Hsuan
Lai		 Female 2019.05.10 3,437 0 0 0 0 0 Department of Electronic Data Management,
Overseas Chinese University		 None None None None -
Project Assistant
VP
R.O.C.		 Hsin-
Jung
Lu		 Female 2019.05.10 0 0 0 0 0 0 Department of German, Tamkang University
Sales Manager of Tatung Medical & Healthcare
Technologies Co.,Ltd.		 None None None None -
Project Assistant
VP
R.O.C.		 Jo-Han
Hsieh		 Female 2019.05.10 0 0 0 0 0 0 Department of Information Management, Shih
HsinUniversity		 None Assistant
VP
Po-Yi
Chen		 Man and
wife		 -
Assistant VP R.O.C. Chia-
Yu
Chen		 Male 2019.05.24 500 0 0 0 0 0 Department of Business Administration, Soochow
University
EngineerofOtusImaging,Inc.		 None None None None -
Project Division
Chief		 R.O.C. Ta-
Chung
Kuo		 Male 2019.07.01 0 0 0 0 0 0 Institute of Information Management, Fu Jen
Catholic University		 None None None None -
Project Division
Chief		 R.O.C. Yu-
Hsiang
Lin		 Male 2019.07.01 0 0 0 0 0 0 MS in Information Engineering, National Taipei
University of Technology		 None None None None -
Division Chief R.O.C. Chih-
Shan
Chen		 Male 2020.02.01 0 0 0 0 0 0 Institute of Information Management, Tatung
University
ProjectManagerof TatungInfocommCo.,Ltd.		 None None None None -
Division Chief R.O.C. Ching-
Wang
Huang		 Male 2020.03.23
0
0
0
0
0
0		 MS in Information Network Systems, School of
Information Technology, Ming Chuan University
Special Program		 None None None None -
Division Chief R.O.C. Yuan-
Chuan
Yeh		 Male 2020.03.23
0
0
0
0
0
0		 Department of Electrical Engineering, St. John's
University		 None None None None -
Senior Division
Chief		 R.O.C. Che-
Zhe
Liu		 Male 2020.03.23
0
0
0
0
0
0		 Department of Medical Administration, Chang Gung
University		 None None None None -
Project Assistant
VP
R.O.C.		 Yung-
Pin Du		 Male 2020.05.04
527
0
0
0
0
0		 Department of Molecular Science and Engineering, ,
National Taipei University of Technology
Radware Ltd.		 None None None None -

16

Job title Nationality Name Gender Date
elected		 Number of shares held Number of shares held Shareholding of spouse
and minor children		 Shareholding of spouse
and minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company
Spouse or relatives within
second degree of kinship
who are officers of the
Company		 Remark
(Note
15)
Number of
shares		 Shareholding
percentage
Number of
shares		 Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job
title		 Name Relationship
Division Chief R.O.C. Hsiang-
Teng
Yeh		 Male 2020.11.10 0 0 0 0 0 0 Department of Computer Engineering, National Chiao
Tung University		 None None None None -
Project Division
Chief		 R.O.C. Ching-
Hsun
Hou		 Male 2021.02.01 0 0 0 0 0 0 Department of English, Fu Jen Catholic University None None None None -
Division Chief R.O.C. Yu-Na
Chiu		 Female 2021.03.18 0 0 0 0 0 0 MS in Health Management, Asia University
Specialist of Medical Information Management Division,
BenqHospital,China		 None None None None -
Division Chief R.O.C. Chih-
Kai
Hsu		 Male 2021.03.18 0 0 0 0 0 0 Department of Medical Technology, National Taiwan
University
Chief Technology Officer of Comm Verge Solutions
(Taiwan)		 None None None None -
Corporate
Governance
Officer		 R.O.C. Chun-
Yen
Chen		 Female 2021.03.18 486 0 0 0 0 0 Department of Accounting, National Cheng Kung
University
Senior Auditor of Deloitte & Touche		 None None None None -
Division Chief R.O.C. Shan-
Mao
Cheng		 Female 2021.05.12 1,928 0 680 0 0 0 Department of Public Finance and Taxation, National
Chung Hsing University
Chief Accountant of Ying-Lu Enterprise Co., Ltd.		 None None None None -
Assistant VP R.O.C. Ying-
Ya
Wang		 Female 2021.05.12 0 0 0 0 0 0 Department of Philosophy, National Chengchi University None None None None -
Assistant VP R.O.C. Chen-
Kai
Hua		 Male 2021.05.12 0 0 0 0 0 0 Department of Business Administration, Ming Chuan
University
Sales of BESTCOM Infotech Corp.		 None None None None -
Acting Assistant
VP		 R.O.C. Yu-
Hsuan
Kuo		 Male 2021.05.12 0 0 0 0 0 0 MSFE of West Texas A&M University None None None None -
Project Assistant
VP		 R.O.C. Hsuan-
Fa
Huang		 Male 2021.05.12 0 0 0 0 0 0 Department of Information Management, China College
of Commerce and Industry
Manager of Marketing and Sales Department, Great
Taipei Broadband Co.,Ltd.		 None None None None -
Project Assistant
VP		 R.O.C. Kuo-Shu
Hsu
Male		 2021.05.12 0
0
0
0
0
0		 Department of Social Psychology, Shih Hsin University
Sales Manager of RING LINE CORP.		 None None None None -
Division Chief R.O.C. Yung-
Ching
Chen		 Male 2021.05.12 0
0
0
0
0
0		 Department of Chemical Engineering, Tamkang
University
Vice President of HAUMAI INDUSTRIAL CO.,LTD		 None None None None -
Senior Division
Chief		 R.O.C. Chung-
Yi Lin		 Male 2021.05.12 3,316
0
0
0
0
0		 Department of Applied Chemistry, Hsiuping University of
Science and Technology
Senior System Engineer of K WAY INFORMATION
CORPORATION		 None None None None -

17

Job title Nationality
Name		 Gender Date elected Number of shares held Number of shares held Shareholding of spouse and
minor children		 Shareholding of spouse and
minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company		 Remark
(Note
15)
Number of
shares		 Shareholding
percentage
Number of
shares		 Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job
title		 Name Relationship
Division Chief R.O.C. Hsin-Yi
Li		 Female 2021.07.08 20,734
0.02
0
0
0
0		 Department of Information Management, Fu Jen Catholic
University		 None None None None -
Division Chief R.O.C. Yu-Chia
Hsiao		 Male 2021.07.08 0
0
0
0
0
0		 Institute of Medical Information, Taipei Medical
University		 None None None None -
Division Chief R.O.C. Ting-Jung
Chang		 Male 2021.08.02 0
0
0
0
0
0		 Institute of Information Management, Providence
University
Vice President of Information Technology Service
Department, Financial Esolution Co., Ltd.		 None None None None -
Division Chief R.O.C. Chia-Yi
Tsao		 Male 2021.12.01 3,000
0
0
0
0
0		 Department of Mechanical Engineering, Tamkang
University		 None None None None -
Division Chief R.O.C. Fu-Yuan
Wen		 Male 2022.05.11 0
0
0
0
0
0		 Institute of Applied Mathematics, Tatung University None None None None -
Division Chief R.O.C. Yi-Feng
Lai		 Female 2022.05.11 0
0
0
0
0
0		 Institute of Information Management, National Central
University		 None None None None -
Project Assistant VP R.O.C. Yi-Ling
Hsu		 Female 2022.06.01 0
0
0
0
0
0		 Department of Information Management, Takming
University of Science and Technology		 None None None None -
Acting Assistant VP R.O.C. Hung-Jen
Hsiao		 Male 2022.06.01 0
0
0
0
0
0		 Department of Economics, Fu Jen Catholic University None None None None -
Project Assistant VP R.O.C. Yi-Cheng
Wu		 Male 2022.06.01 0
0
0
0
0
0		 Department of Information Management, Chinese Culture
University		 None None None None -
Project Assistant VP R.O.C. Sheng-Yu
Chen		 Male 2022.06.01 500
0
0
0
0
0		 Department of Electronic Engineering, Southern Taiwan
University of Science and Technology		 None None None None -
Division Chief R.O.C. Ling-Hao
Chen		 Male 2022.06.20 0
0
0
0
0
0		 Department of Electronical Engineering, Feng Chia
University
Chief Engineer of Taiwan Mobile Co., Ltd.		 None None None None -
Project Division
Chief		 R.O.C. Chun-
Wen Yu		 Male 2022.07.01 0
0
0
0
0
0		 Department of Information Communication, Shih Hsin
University
Engineer of Tuo Wang Co., Ltd.		 None None None None -
Division Chief R.O.C. Cheng-
Heng
Deng		 Male 2022.08.10 0
0
40,000
0.04
0
0		 Department of Electronic Data Management, Tamsui
Institute of Business Administration		 None None None None -
Project Division
Chief		 R.O.C. Chi-
Cheng
Chih		 Female 2022.09.01 0
0
0
0
0
0		 Curtin University W.A.
Master of Information System		 None None None None -

18

Job title Nationality
Name		 Gender Date elected Number of shares held Number of shares held Shareholding of spouse and
minor children		 Shareholding of spouse and
minor children		 Shareholding in the
name of others		 Shareholding in the
name of others		 Major experience (education)
 Concurrent
positions
in other
companies
now
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company
Spouse or relatives within
second degree of kinship who
are officers of the Company		 Remark
(Note
15)
Number of
shares		 Shareholding
percentage
Number of
shares		 Shareholding
percentage
Number
of
shares
Shareholding
percentage		 Job
title		 Name Relationship
Principal Division
Chief		 R.O.C. Te-Kuei
Chiu		 Male 2022.11.01 0
0
0
0
0
0		 Department of Aviation, Tamkang University
Chief of TechnologyDivision,SYSTEX Corporation		 None None None None -
Division Chief R.O.C. Hung-Jui
Hsieh		 Male 2023.03.17 0
0
0
0
0
0		 Department of Information Management, National
Kaohsiung University of Science and Technology
Deputy Manager, Information Technology Department,
Entie Commercial Bank		 None None None None -
Principal Division
Chief		 R.O.C. Hao-Fan
Liu		 Male 2023.03.17 0
0
0
0
0
0		 Department of Computer Science & Information
Engineering,MingChuan University		 None None None None -
Division Chief R.O.C. Chiung-
YingTai		 Female 2023.03.22 1,000
0
0
0
0
0		 Department of Information Management, Fu Jen Catholic
University		 None None None None -
Acting Division
Chief		 R.O.C. Yao-Jen
Yeh		 Male 2023.03.27 0
0
0
0
0
0		 EMBA, Royal Roads University
Architect, IBM; CTO/Vice President, Infoarchi
Information Co.,Ltd.		 None None None None -
Acting Assistant VP R.O.C. Yu-Chiang
Huang		 Male 2023.06.01 0
0
0
0
0
0		 Department of Biomechatronics Engineering, National
Taiwan University		 None None None None -
Senior Assistant VP R.O.C. Hsiao-Shu
Ma		 Male 2023.09.01 0
0
0
0
0
0		 Department of Electronic Engineering, Southern Taiwan
University		 None None None None -
Project Assistant VP R.O.C. Hsiu-Hsien
Wu		 Male 2023.11.01 0
0
0
0
0
0		 Department of Life Science, Fu Jen Catholic University,
Sales Manager of Taiwan Microsoft Public Business
GroupEducation Certification		 None None None None -
Project Division
Chief		 R.O.C. Pei-Ru
Huang		 Female 2024.05.02 0
0
0
0
0
0		 Department of International Business, Tamkang
University		 None None None None -
Project Division
Chief		 R.O.C. Yi- Chin Ji Female 2024.05.02 0
0
0
0
0
0		 Department of Chinese Literature, National Central
University		 None None None None -
Acting Division
Chief		 R.O.C. Bo-Lun Xia Male 2024.05.09 0
0
0
0
0
0		 Chung Cheng Institute of Technology, National Defense
University		 None None None None -
Division Chief R.O.C. Te-Cheng
Chen		 Male 2024.05.09 0
0
0
0
0
0		 Department of Information Science, National Pingtung
University		 None None None None -
Division Chief R.O.C. Hsiang- Chi
Wu		 Male 2024.06.24 0
0
0
0
0
0		 Institute of Computer Science and Engineering, National
Chiao Tung University; IT Director of UKC Electronics
(H.K.)Co.,Ltd. Hsinchu Branch		 None None None None -
Project Assistant VP R.O.C. Ya-Chi
Chou		 Female 2024.07.22 0
0
0
0
0
0		 Master of Science Degree Program in Industrial Design,
ChangGungUniversity		 None None None None -
Division Chief R.O.C. Chi- Hong
Tai		 Male 2024.08.12 0
0
0
0
0
0		 Master’s Degree in Information Management, National
Sun Yat-sen University		 None None None None -
Division Chief R.O.C. Ching-He
Chang		 Male 2024.11.12 0
0
0
0
0
0		 Department of Shipping and Transportation Management,
National Taiwan Ocean University
Technical Manager of SYSTEX Corporation		 None None None None -
Division Chief R.O.C. Yi-Cheng
Chen		 Male 2024.11.12 0
0
0
0
0
0		 Department of Transportation and Logistics, Feng Chia
University		 None None None None -
Acting Assistant VP R.O.C. Yu-Jen
Fang		 Male 2024.12.12 0
0
0
0
0
0		 Department of Logistics Management, National
KaohsiungUniversityof Science and Technology		 None None None None -
Assistant VP R.O.C. Wei-Min
Chen		 Male 2025.03.03 0
0
371
0
0
0		 Department of Information Engineering, Feng Chia
University		 None None None None -

Note 1: Director of CASEMaker,Inc., director of Actisys International Corporation Note 2: President of CASEMaker Inc. Note 3: Legal representative of the director of Cloudmaster Co., Ltd. Note 4: Chairman of Furly Investment Co., Ltd.

19

Note 5: Legal representative of the director of Syscom Computer(Shenzhen)Co., Ltd., legal representative of the director of Xian Linan Computer Co., Ltd.

Note 6: Legal representative of the director of Netmaker Technology Co., Ltd.

Note 7: Supervisor of Wisemaker Technology Co.

Note 8: Legal representative of the director of Netmaker Technology Co., Ltd.

Note 9: Director of Syscom Computer(Thailand)Co., Ltd.

Note 10: Legal representative of the director of Coach Technology Management Inc. Note 11: Legal representative of the director of Wisemaker Technology Co. Note 12: Legal representative of the director of SYSCOM INTERNATIONAL INC., supervisor of Cloudmaster Co., Ltd., supervisor of CloudMaster Japan Co.,Ltd. Note 13: Supervisor of Netmaker Technology Co., Ltd. Note 14: Legal representative of the director of Wisemaker Technology Co., director of Coach Technology Management Inc., vice chairman of Cloudmaster Co., Ltd. Note 15: If the president or equivalents (the top managerial officer) and the chairman of the Company are the same person, each other’s spouse or relative within first degree of kinship, the reason, rationality, necessity, countermeasures (such as increasing the number of independent directors and having a majority of directors who are not concurrently serving as employees or managerial officers, etc.) and related information should be described: No such situation.

20

II. Remuneration paid to directors (including independent directors), president and vice president for the most recent fiscal year

(I) Remuneration to directors (including independent directors)

Unit: Thousands of NTD

Job title Name Remuneration fo Remuneration fo Remuneration fo Remuneration fo r directors r directors Total Remuneration (A+
B+ C+ D) and as a % of
the net profit after tax		 Total Remuneration (A+
B+ C+ D) and as a % of
the net profit after tax		 Remu Remu neration for concurrent position as an employee neration for concurrent position as an employee neration for concurrent position as an employee neration for concurrent position as an employee neration for concurrent position as an employee neration for concurrent position as an employee Total Remuneration (A+
B+ C+ D+E+F+G) and as
a % of the net profit after
tax
 Total Remuneration (A+
B+ C+ D+E+F+G) and as
a % of the net profit after
tax
 Remuneration
from
investees
outside
subsidiaries
or from the
parent
company
Base remuneration
(A)		 Severance and pension
(B)		 Profit-sharing
remuneration for
directors
(C)		 Busines
exp
 s execution
enses
(D)		 Salary, bonus, allowance
(E)		 Severance and pension
(F)		 Profit-sharing remuneration for employees
(G)
The
Company		 All
companies
in the
financial
statements		 The
Company		 All
companies
in the
financial
statements		 The
Company		 All
companies
in the
financial
statements		 The
Company		 All
companies
in the
financial
statements		 The
Company		 All
companies
in the
financial
statements		 The
Company		 All
companies
in the
financial
statements		 The
Company		 All
companies
in the
financial
statements		 The Company All companies in
the financial
statements		 The
Company		 All
companies
in the
financial
statements
Cash
amount		 Stock
amount		 Cash
amount		 Stock
amount
Director Jui-Fu Liu 480
480
0		 0
0		 0 39 39
519
0.17%

519
0.17%

7,534		 8,266
0
0		 52
0
52		 0
8,105
2.65%

8,837
2.88%

None
Jui-Long Liu
Po-Wen Wang
Chih-Chun Liu
Independent
Director		 Chung-Lieh Kuo 361
361
0
0
0
0
69
69
430
0.14%

430
0.14%

0
0
0
0
0
0
0
0
430
0.14%

430
0.14%

None
So-Yun Cheng
(Note 1)

Feng-Chiu Yu
(Note 1)
Wang-Ying Yu
(Note 2)
Che-Fu Kung
(Note 2)
1. Please describe the policy, system, criteria and structure for the remuneration for independent directors, and the correlation to the amount of remuneration in terms of their responsibilities, risks, time spent and other factors:
Remuneration for the Company's independent directors is determined in accordance with the Company's Articles of Incorporation and the remuneration system for directors, functional committees and managerial officers, with reference
to the extent of the directors' participation in the Company's operations and the value of their contributions, as well as the usual standards in the industry. The Company's independent directors are currently paid only with the fixed
monthly salary, travel expenses or attendance fees, and no variable remuneration.
2. Except as disclosed above, the remuneration for the directors of the Company for providing services to all companies in the financial statements (such as serving as a non-employee consultant, etc.) in the most recent year: None.
  1. Please describe the policy, system, criteria and structure for the remuneration for independent directors, and the correlation to the amount of remuneration in terms of their responsibilities, risks, time spent and other factors: Remuneration for the Company's independent directors is determined in accordance with the Company's Articles of Incorporation and the remuneration system for directors, functional committees and managerial officers, with reference to the extent of the directors' participation in the Company's operations and the value of their contributions, as well as the usual standards in the industry. The Company's independent directors are currently paid only with the fixed monthly salary, travel expenses or attendance fees, and no variable remuneration. - 2. Except as disclosed above, the remuneration for the directors of the Company for providing services to all companies in the financial statements (such as serving as a non employee consultant, etc.) in the most recent year: None. Note 1 ： Newly elected on June 12,2024.

Note 2 ： Term expired on June 12,2024.

21

Remuneration range table

Remuneration range table Remuneration range table
Remuneration rangepaid to each director of the Company Name of director
Sum of the preceding four types of remunerations (A+B+C+D) Sum of the preceding seven types of remunerations
(A+B+C+D+E+F+G)
The Company All companies in the financial
statements		 The Company All companies in the financial
statements
Less than $1,000,000 Jui-Fu Liu, Jui-Long Liu,
Po-Wen Wang, Chih-Chun Liu,
Chung-Lieh Kuo, So-Yun Cheng,
Feng-Chiu Yu, Wang-Ying Yu,
Che-Fu Kung		 Jui-Fu Liu, Jui-Long Liu,
Po-Wen Wang, Chih-Chun Liu,
Chung-Lieh Kuo, So-Yun Cheng,
Feng-Chiu Yu, Wang-Ying Yu,
Che-Fu Kung		 Po-Wen Wang, Chih-Chun Liu,
Chung-Lieh Kuo, So-Yun Cheng,
Feng-Chiu Yu, Wang-Ying Yu,
Che-Fu Kung		 Po-Wen Wang, Chih-Chun Liu,
Chung-Lieh Kuo, So-Yun Cheng,
Feng-Chiu Yu, Wang-Ying Yu,
Che-Fu Kung
$1,000,000(inclusive)～$2,000,000(exclusive) None None None None
$2,000,000 (inclusive)～3,500,000 (exclusive) None None Jui-Fu Liu Jui-Fu Liu
$3,500,000 (inclusive)～$5,000,000 (exclusive) None None Jui-Long Liu Jui-Long Liu
$5,000,000(inclusive)～$10,000,000(exclusive) None None None None
$10,000,000(inclusive)～$15,000,000(exclusive) None None None None
$15,000,000(inclusive)～$30,000,000(exclusive) None None None None
$30,000,000(inclusive)～$50,000,000(exclusive) None None None None
$50,000,000(inclusive)～$100,000,000(exclusive) None None None None
More than $100,000,000 None None None None
Total 9 people 9 people 9 people 9 people

22

(II) Remuneration for president and vice president

Unit: Thousands of NTD

Job title Name Salary (A) Salary (A) Severance and pension (B) Severance and pension (B) Bonus and allowance, etc.
(C)		 Bonus and allowance, etc.
(C)		 Profit-sharing remuneration for employees (D) Profit-sharing remuneration for employees (D) Profit-sharing remuneration for employees (D) Profit-sharing remuneration for employees (D) Total remuneration
(A+B+C+ D) and as a %
of the net profit after tax
(%)		 Total remuneration
(A+B+C+ D) and as a %
of the net profit after tax
(%)		 Remuneration
from investees
outside
subsidiaries or
from the parent
company
The
Company		 All
companies in
the financial
statements		 The
Company		 All
companies
in the
financial
statements		 The
Company		 All
companies
in the
financial
statements		 The Company All companies in the
financial statements		 The
Company		 All
companies
in the
financial
statements
Cash
amount		 Stock
amount		 Cash
amount		 Stock
amount
Chief StrategyOfficer Jui-Fu Liu 63,113 64,232 1,777 1,777 349 349 430 0 430 0 65,669
21.43%		 66,788
21.80%		 None
President Jui-LongLiu
VicePresident Chao-LaiWu
Vice President AnthonyTseng
Vice President Chen-Huan Li
VicePresident Chun-ChengLi
Vice President Kuei-ShengYuan
Vice President Shun-LiangHsieh
VicePresident Bing-SenSu
Vice President Chin-Fen Yu
Vice President Nai-ChengCheng
VicePresident Tsan-ChangLi
Sales Vice President Li-ChangWu
Project Vice President Yen-Nien Hu
Sales VicePresident Yu-LungHsueh
Sales Vice President Cheng-TungKo
Sales Vice President Hsu-HungChen
Sales VicePresident Kuang-KengLiang
Sales Vice President Shu-ChingLin
Sales Vice President Ming-FengLi

.

23

Remuneration range table
Remuneration rangepaid to president and vice president Name of president and vice president
The Company All companies in the financial statements
Less than $1,000,000 None None
$1,000,000 (inclusive)～$2,000,000 (exclusive) None None
$2,000,000 (inclusive)～3,500,000 (exclusive) Jui-Fu Liu, Anthony Tseng, Li-Chang Wu,
Bing-Sen Su, Kuei-Sheng Yuan, Nai-Cheng Cheng,
Tsan-Chang Li, Yen-Nien Hu, Yu-Lung Hsueh,
Cheng-Tung Ko, Hsu-Hung Chen, Kuang-Keng Liang,
Shu-Ching Lin, Ming-Feng Li		 Jui-Fu Liu, Anthony Tseng, Li-Chang Wu,
Bing-Sen Su, Kuei-Sheng Yuan, Nai-Cheng Cheng,
Tsan-Chang Li, Yen-Nien Hu, Yu-Lung Hsueh,
Cheng-Tung Ko, Hsu-Hung Chen, Kuang-Keng Liang,
Shu-Ching Lin, Ming-Feng Li
$3,500,000 (inclusive)～$5,000,000 (exclusive) Jui-Long Liu, Chao-Lai Wu, Chen-Huan Li,
Chun-Cheng Li, Shun-Liang Hsieh, Chin-Fen Yu		 Jui-Long Liu, Chao-Lai Wu, Chen-Huan Li,
Chun-Cheng Li, Shun-Liang Hsieh, Chin-Fen Yu
$5,000,000 (inclusive)～$10,000,000 (exclusive) None None
$10,000,000(inclusive)～$15,000,000(exclusive) None None
$15,000,000(inclusive)～$30,000,000(exclusive) None None
$30,000,000(inclusive)～$50,000,000(exclusive) None None
$50,000,000 (inclusive)～$100,000,000 (exclusive) None None
More than $100,000,000 None None
Total 20 people 20 people

24

(III) Names and distributions of employee profit-sharing remuneration to managerial officers

December 31, 2024
Unit: Thousands of NTD		 December 31, 2024
Unit: Thousands of NTD		 December 31, 2024
Unit: Thousands of NTD		 December 31, 2024
Unit: Thousands of NTD
Job title Name Stock amount Cash amount Total The total as a
percentage of net profit
after tax (%)
Managerial Officer Chief Strategy
Officer		 Jui-Fu Liu 0 2,681 2,681 0.88%
President Jui-Long Liu
Vice President Chao-Lai Wu
Vice President Anthony Tseng
Vice President Chen-Huan Li
Vice President Chun-Cheng Li
Vice President Kuei-Sheng Yuan
Vice President Shun-Liang Hsieh
Vice President Bing-Sen Su
Vice President Chin-Fen Yu
Vice President Nai-ChengCheng
Vice President Tsan-Chang Li
Sales Vice President Li-Chang Wu
Project Vice
President		 Yen-Nien Hu
Sales Vice President Yu-LungHsueh
Sales Vice President Cheng-Tung Ko
Sales Vice President Hsu-Hung Chen
Sales Vice President Kuang-Keng Liang
Sales Vice President Shu-Ching Lin
Sales Vice President Ming-Feng Li
Chief Technology
Officer		 Ching-Tzu Shih
Principal Division
Chief		 Jia-Chang Chang
Chief R&D Officer Tsai-ChengChen
Principal Division
Chief		 Tsai-Chi Sung
Principal Division
Chief		 Chih-Wei Wen
Chief Finance
Officer		 Li-Chueh Du
Principal Division
Chief		 Ming-Kun Lin
Principal Division
Chief		 Chien-Yi Li
Principal Division
Chief		 Chih-Chung Chen
Principal Division
Chief		 Feng-Lin Yen
Senior Assistant VP Mao-MingWang
Principal Division
Chief		 Ta-Yu Deng
Principal Division
Chief		 Po-Shu Hsueh
Assistant VP Kai-TsungWang
Principal Division
Chief		 Cheng-Wu Shao

25

Managerial Officer Senior Assistant VP Mei-Ling Yang
Senior Division
Chief		 Wen-Hsiung Yeh
Principal Division
Chief		 Kun-Ting Chiu
Division Chief Yen-Mei Lin
Principal Division
Chief		 Yung-Chen Yang
Division Chief Shu-Hua Liu
Principal Division
Chief		 Chao-Yi Wu
Senior Assistant VP Hung-Chun Chao
Division Chief Wen-Ching Tsai
Senior Assistant VP Chun-Yi Chao
Senior Division
Chief		 Chia-Yuan Yeh
Division Chief Chia-Ru Liu
Senior Assistant VP Xueshu Ma
Principal Division
Chief		 Te-Li Chen
Principal Division
Chief		 Yi-Lun Wang
Division Chief Chi-An Hsueh
Division Chief Chi-Hsiang Tang
Division Chief Nai-Fang Cheng
Senior Assistant VP Yao-Chang Chen
Principal Division
Chief		 Yi-Ming Chang
Division Chief Cheng-Yu Li
Senior Assistant VP Chia-Ching Li
Senior Assistant VP Tsang-Sung He
Principal Division
Chief		 Huang-Hsiang Yang
Senior Division
Chief		 Wen-Po Hsu
Senior Division
Chief		 Erh-Wei Dai
Principal Division
Chief		 Hui-Yi Lin
Senior Assistant VP Tien-Chih Yen
Assistant VP Hao-Cheng Yang
Principal Division
Chief		 Wan-Tan Lin
Principal Division
Chief		 Fu-Chien Cheng
Senior Division
Chief		 Hung-Yi Lin
Division Chief Chiung-We Hsu
Principal Division
Chief		 Chiu-Jung Chiang
Senior Assistant VP Shih-Fang Chang
Senior Assistant VP Chia-Hsu Hsiao
Assistant VP Li-Chun Lin
Acting Assistant VP Chin-Yu Chen
Principal Division
Chief		 Rui-Ching Lin
Senior Division
Chief		 Mei-Feng Chang
Principal Division
Chief		 Chih-Cheng Lin
Project Division
Chief		 Kang-Yuan Fan
Division Chief Wei-Jen Cheng

26

Managerial Officer Senior Division
Chief		 Yu-Ting Tseng
Assistant VP Yi-Chun Liu
Principal Division
Chief		 Chin-Yi Liao
Division Chief Chun-Feng Lin
Project Assistant
VP		 Chun-Hua Liu
Project Assistant
VP		 Chung-Chieh Wu
Assistant VP Hung-Yu Hsu
Principal Division
Chief		 Min-Chung Huang
Assistant VP Po-Yi Chen
Division Chief Kuan-Chih Chen
Division Chief Chun-Fu Yang
Division Chief Ta-Jen Hsu
Division Chief Chung-Chun Lin
Senior Division
Chief		 Tai-Yuan Hu
Division Chief Shu-Chuan Chiu
Project Assistant
VP		 Yung-Kang Chang
Division Chief Meng-Hung Pan
Division Chief Fan-Ying Chang
Division Chief Yu-Chung Huang
Project Assistant
VP		 Yu-Kang Tseng
Project Division
Chief		 Tsang-Wei Chang
Principal Division
Chief		 Wei-Pi Chou
Assistant VP Cheng-We Hung
Division Chief Chun-Tzu Chen
Assistant VP Chiu-Hua Lin
Division Chief Yi-Hsuan Lai
Project Assistant
VP		 Hsin-Jung Lu
Project Assistant
VP		 Jo-Han Hsieh
Assistant VP Chia-Yu Chen
Project Division
Chief		 Ta-Chung Kuo
Project Division
Chief		 Yu-Hsiang Lin
Division Chief Chih-Shan Chen
Division Chief Ching-Wang Huang
Division Chief Yuan-Chuan Yeh
Senior Division
Chief		 Che-Zhe Liu
Project Assistant
VP		 Yung-Pin Du
Division Chief Hsiang-Teng Yeh
Project Division
Chief		 Ching-Hsun Hou
Division Chief Yu-Na Chiu
Division Chief Chih-Kai Hsu
Corporate
Governance Officer		 Chun-Yen Chen
Division Chief Shan-Mao Cheng
Assistant VP Ying-Ya Wang
Assistant VP Chen-Kai Hua

27

Managerial Officer Acting Assistant VP Yu-Hsuan Kuo
Project Assistant
VP		 Hsuan-Fa Huang
Project Assistant
VP		 Kuo-Shu Hsu
Division Chief Yung-Ching Chen
Senior Division
Chief		 Chung-Yi Lin
Division Chief Hsin-Yi Li
Division Chief Yu-Chia Hsiao
Division Chief Ting-Jung Chang
Division Chief Chia-Yi Tsao
Division Chief Fu-Yuan Wen
Division Chief Yi-Feng Lai
Project Assistant
VP		 Yi-Ling Hsu
Acting Assistant VP Hung-Jen Hsiao
Project Assistant
VP		 Yi-Cheng Wu
Project Assistant
VP		 Sheng-Yu Chen
Division Chief Ling-Hao Chen
Project Division
Chief		 Chun-Wen Yu
Division Chief Cheng-Heng Deng
Project Division
Chief		 Chi-Cheng Chih
Principal Division
Chief		 Te-Kuei Chiu
Division Chief Hung-Jui Hsieh
Principal Division
Chief		 Hao-Fan Liu
Division Chief Chiung-Ying Tai
Acting Division
Chief		 Yao-Jen Yeh
Acting Assistant VP
Yu-Chiang Huang
Project Assistant VP
Hsiu-Hsien Wu
Project Division
Chief		 Pei-Ru Huang
Project Division
Chief		 Yi- Chin Ji
Acting Division
Chief		 Bo-Lun Xia
Division Chief Te-Cheng Chen
Division Chief Hsiang- Chi Wu
Project Assistant VP
Ya-Chi Chou
Division Chief Chi- Hong Tai
Division Chief Ching-He Chang
Division Chief Yi-Cheng Chen
Acting Assistant VP
Yu-Jen Fang

(IV) Compare and describe the total remuneration paid to directors, presidents, and vice presidents in the most recent 2 years by the Company and all companies in the consolidated financial statements as a % of the net profit after tax on the parent company only or standalone financial statements, and explain the policies, criteria, combination, the procedures for determining remuneration and the correlation to operating performances and future risks:

28

  1. The ratio of total remuneration paid by the Company and by all companies included in the consolidated financial statements for the two most recent fiscal years to directors, presidents and vice presidents of the Company, to the net income.

Unit: Thousands of NTD,%

Unit: Thousands of NTD,% Unit: Thousands of NTD,%
Item
Title		 The Company All companies in
financial s		 the consolidated
tatement
2024 2023 2024 2023
total to net profit
after tax %		 total to net profit
after tax %		 total to net profit
after tax %		 total to net profit
after tax %
Directors 8,535 2.79% 8,602 3.09% 9,267 3.02% 9,312 3.35%
President and vice
president		 65,669 21.43% 67,174 24.14% 66,788 21.80% 68,264 24.53%
Netprofit after tax 306,397 - 278,293 - 306,397 - 278,293 -

  1. The policies, standards, and portfolios for the payment of remuneration, the procedures for determining remuneration, and the correlation with business performance:

  2. The remuneration for the above-mentioned personnel is based on the Company's Articles of Incorporation, “

  3. the Rules for Performance Evaluation of the Board of Directors” 、 the "Remuneration System for Directors, Functional Committees and Managerial Officers" and the Company’s measures for determining salaries, and is subject to the Remuneration Committee's review and approval.

  4. (1)Article 21 of the Articles of Incorporation of the Company, as approved by the Board of Directors on March 12, 2025: If the Company has earnings for the year, no less than 3% shall be allocated as employees’ remuneration. Of this amount, no less than 20% shall be distributed to junior-level employees. The distribution method, either in shares or cash, shall be determined by resolution of the Board of Directors. The recipients may include employees of the Company’s controlling or subordinate companies who meet certain eligibility criteria. The distribution of employee remuneration shall be reported to the shareholders’ meeting. However, when the Company still has a cumulative deficit, it shall reserve an amount to compensate it first and then allocate an amount for employee remuneration according to the percentage set out in the preceding paragraph.

  5. (2)Article 18 of the Company's Articles of Incorporation: The Board of Directors is authorized to determine the remuneration to the Chairperson and directors based on their involvement in the Company's operations, the values of their contributions, and the general standard in the industry. All directors may be paid with honoraria depending on the actual situation.

  6. (3)The Company's directors are currently paid only with the fixed monthly salary, travel expenses or attendance fees, and no variable remuneration .

  7. (4)The performance evaluation and remuneration for directors and managerial officers shall be handled with reference to the usual level of remuneration in the industry, taking into account the individual's time invested, responsibilities taken, achievement of personal goals, performance in other positions, the remuneration offered by the Company in recent years for the same position, and the achievement of the Company’s short-term and long-term business goals and the Company's financial position and the reasonableness of the correlation between personal performance and the Company's operating performance and future risks.

  8. (5)Regarding the salary and remuneration of the Company’s managerial officers, fixed compensation is determined based on educational background, work experience, professional expertise, and job responsibilities. The calculation of non-fixed compensation, such as bonuses, mainly refers to departmental/business group KPI performance indicators. It takes into account the individual’s performance achievement rate, departmental KPI achievements, and the Company’s overall operational performance, financial condition, and business operations. External competitive environments, future industry development trends, and associated future risks are also considered, and the compensation system is reviewed as needed in response to actual business conditions and applicable regulations.

  9. (6)The performance targets for managerial officers are integrated with "risk control." In addition to holistic planning based on the Company’s current financial condition, business performance, and future capital needs, assessments of sustainability and risk management are also incorporated to ensure that potential risks within each officer’s scope of responsibility are properly managed and mitigated.

  10. (7)The Remuneration Committee has reviewed and approved the performance evaluation of the directors and functional committees and the salary and remuneration for managerial officers for 2024, and has submitted the results to the Board of Directors for discussion and approval.

29

III. Operations of corporate governance

(I) Operations of the Board of Directors:

The Board of Directors met 7 times during 2024 and the attendance of the directors was as follows: The average percentage of attendance in person of all directors was 97.96%, and all independent directors attended all meetings in person.

Job title Name Number of
attendance
in person		 Number of
attendance
by proxy		 Percentage of
attendance in
person (%)		 Remark
Chairman Jui-Fu Liu 7 0 100% None
Director Jui-Long Liu 7 0 100% None
Director Po-Wen Wang 7 0 100% None
Director Chih-Chun Liu 6 0 86% None
Independent
Director		 Chung-Lieh Kuo 7 0 100% Reappointed on
2024.6.12
Independent
Director		 So-Yun Cheng 5 0 100% Newly elected on
2024.6.12
Independent
Director		 Feng-Chiu Yu 5 0 100% Newly elected on
2024.6.12
Independent
Director		 Che-Fu Kung 2 0 100% Term expired on
2024.6.12
Independent
Director		 Wang-Ying Yu 2 0 100% Term expired on
2024.6.12
Other matters required to be recorded:
I.
If the operations of the Board of Directors is under any of the following circumstances, the date, period,
motion content, all independent directors’ opinions and the Company’s handling of their opinions should
be describe:
1. Matters listed in Article 14-3 of the Securities and Exchange Act: The company’s Audit Committee
was set up. The provisions of Article 14-3 of the Securities and Exchange Act are not applicable since
then. Please refer to page 31 of the Annual Report for information on the operations of the Audit
Committee.
2. In addition to the previous matters, other board meeting resolutions that have been opposed or reserved
by independent directors with records or written statements: None.
II. In the implementation of a director’s recusal for being an interested party in a motion, the director’s name,
the motion content, the recusal reasons and his or her participation in voting should be stated: None.
III. The Company should disclose information on the periodicity and duration, scope, method and content of
the self-evaluation (or peer evaluation) by the board of director, and fill out Exhibit 1 on the
implementation of the board evaluation.
IV. Evaluation of the current and most recent year's objectives for enhancing the functions of the Board of
Directors (e.g., establishing an audit committee, enhancing information transparency, etc.) and their
implementation:
1. The Company has formulated the Rules of Procedure for Board of Directors Meetings to make the
operation of the Board of Directors more institutionalized.
2. The Company’s Audit Committee and the Remuneration Committee are formed by independent
directors, and the “Audit Committee Charter” and the “Remuneration Committee Charter” have been
established to enable the committee members to exercise their supervisory duties and achieve the
goal of strengthening the functions of the Board of Directors.
3. On March 18, 2021, the Company’s Board of Directors approved the appointment of a Corporate
Governance Officer and formulated the “Standard Operating Procedures for Handling Directors’
Requests” to enhance corporate governance operations
4. The Company has established the "Rules Governing the Scope of Powers of Independent Directors".
5. On December 19, 2024, the Company arranged all continuing courses for all new directors, and
voluntarily provided information on various continuing courses and encouraged directors to actively
participate in various corporate governance courses.
6. The Company has established the “Rules for Performance Evaluation of the Board of Directors” and
has completed the performance evaluation of the Board of Directors for 2024 and submitted it to the
first Board of Directors meeting in 2025.

30

Exhibit 1: Implementation of the board evaluation.

Evaluation
frequency		 Evaluation period Evaluation scope Evaluation method Evaluation content
Once a year ~~J~~anuary 1, 2024 to
December 31, 2024		 Board of Directors Internal self-evaluation
by the Board of
Directors		 (1) The extent of participation in the
Company's operations.
(2) Improvement in the quality of the
board's decision-making.
(3) Composition and structure of the board.
(4) Election and continuing education of
directors.
(5) Internal control.
Individual board
member		 Board member self-
evaluation		 (1) Alignment of the Company's objectives
and tasks.
(2) Perception of directors’ responsibilities.
(3) The extent of participation in the
Company's operations.
(4) Internal relationship management and
communication.
(5) Professionalism and continuing education
of directors.
(6) Internal control.
Audit Committee Audit Committee
members’ self-
evaluation		 (1) The extent of participation in the
Company's operations.
(2) Perception of Audit Committee’s
responsibilities.
(3) Improvement in the quality of the Audit
Committee's decision-making.
(4) Composition and appointment of Audit
Committee members.
(5) Internal control.
Remuneration
Committee		 Remuneration
Committee members’
self-evaluation		 (1) The extent of participation in the
Company's operations.
(2) Perception of Remuneration Committee’s
responsibilities.
(3) Improvement in the quality of the
Remuneration Committee's decision-
making.
(4) Composition and appointment of
Remuneration Committee members.
(5) Internal control.

(II)Operations of the Audit Committee :

  1. The Audit Committee of the Company was established on July 29, 2021 in accordance with the law, and consists of all independent directors, with a total of three members, and operates in accordance with the "Audit Committee Charter", and meets at least once a quarter for the primary purpose of overseeing the following matters:

  2. a. Fair presentation of the Company's financial statements

  3. b. Appointment (dismissal), independence and performance of attesting CPAs

  4. c. Effective implementation of internal control.

  5. d. Compliance with the relevant laws and regulations.

  6. The tasks and responsibilities of the Audit Committee are as follows:

  7. a. Establishment of or amendment to internal control system pursuant to Article 14-1 of the Securities and Exchange Act.

  8. b. Evaluation of the effectiveness of the internal control system.

  9. c. Adoption or amendment, pursuant to Article 36-1 of the Securities and Exchange Act, of handling procedures for financial or operational actions of material significance, such as acquisition or disposal of assets, derivatives trading, extension of monetary loans to others, or endorsements or guarantees for others.

31

  • d. Matters that involve the self interests of the directors.

  • e. Material assets or derivative transactions

  • f. The lending of funds, endorsement, or guarantee in huge sum.

  • g. The offering, issuance, or private placement of any equity-type securities.

  • h. The appointment, dismissal, or remuneration of attesting CPAs.

  • i. The appointment or discharge of the finance, accounting, or internal audit officer.

  • j. The annual financial statements signed or sealed by the chairman, managerial officer and accounting officer, and the second quarter financial statements subject to audit and attestation by CPAs.

  • k. Other significant matters required by the Company or the competent authorities.

  • The Company's Audit Committee met 4 times in 2024 and the attendance of the independent directors was as follows:

Job title Name Number of
attendance
inperson		 Number of
attendance
by proxy		 Percentage of
attendance in
person(%)		 Remark
Independent
Director		 So-Yun Cheng 2 0 100% Newly elected on
2024.6.12
Independent
Director		 Chung-Lieh Kuo 4 0 100% Reappointed on
2024.6.12
Independent
Director		 Feng-Chiu Yu 2 0 100% Newly elected on
2024.6.12
Independent
Director		 Che-Fu Kung 2 0 100% Term expired on
2024.6.12
Independent
Director		 Wang-Ying Yu 2 0 100% Term expired on
2024.6.12

  1. Other matters required to be recorded:

  2. (1) If the operation of the Audit Committee is under any of the following circumstances, the date, period, motion content, the content of the objections, reservations or major recommendations of the independent directors, resolution of the Audit Committee and the Company’s handling of the Audit Committee’s opinions should be described:

i. Matters listed in Article 14-5 of the Securities and Exchange Act:

i. Matters liste d in Article 14-5 of the Securities and Exchange Act:
Date of the Audit
Committee meeting		 Motion content Matters
listed in
Article 14-5
of the
Securities
and
Exchange
Act		 Objections,
reservations or
major
recommendations
of the
independent
directors
13th meeting of the
1st Committee
2024.03.12		 Review of the financial statements and business
report for 2023		 V None
2023 earnings distribution proposal None
Finalization of “Procedures for Sustainability
Report Compilation and Assurance”		 None
Amendments to the "Internal Control System" and
"Enforcement Rules for Internal Audit”		 V None
Evaluation of the independence and competency
and appointment of attesting CPAs		 V None
Pre-approval list of non-assurance services V None
2023"Assessment of the Effectiveness of Internal
Control System" and "Internal Control System
Statement"		 V None
Plan to serve as the guarantor for bank financing
of subsidiaries		 V None
14th meeting of the
1st Committee
2024.05.09		 Review of the financial statements for 1Q 2024 None
Plan to serve as the guarantor for bank financing
of subsidiaries		 V None

32

1st meeting of the
2nd Committee
2024.08.12		 Review of the financial statements for 2Q 2024 None
Replacement of CPAs and evaluation of the
independence and suitability of CPAs		 V None
Plan to serve as the guarantor for bank financing
of subsidiaries		 V None
2nd meeting of the
2nd Committee
2024.11.12		 Review of the financial statements for 3Q 2024 None
Enactment of “Regulations Governing the
Sustainability Information Management”		 None
Amendments to the "Internal Control System" and
"Enforcement Rules for Internal Audit”		 V None
Formulation of the audit plan for 2025 None
Plan to serve as the guarantor for bank financing
of subsidiaries		 V None
3rd meeting of the
2nd Committee
2025.03.12		 Review of the financial statements and business
report for 2024		 V None
2024 earnings distribution proposal None
Amendments to the "Internal Control System"
and"Enforcement Rules for Internal Audit”		 V None
Evaluation of the independence and competency
and appointment of attesting CPAs		 V None
Pre-approval list of non-assurance services V None
2024"Assessment of the Effectiveness of Internal
Control System" and "Internal Control System
Statement"		 V None
Plan to serve as the guarantor for bank financing
of subsidiaries		 V None
Resolutions: The motions listed above by the Audit Committee were approved by all members present.
The Company's handling of the Audit Committee's opinions: The resolutions were submitted to the Board of
Directors and approved by all directors present.

  • ii. Other than the matters in the preceding paragraphs, resolutions not approved by the Audit Committee but approved by two-thirds or more of all directors: None.

  • (2) In the implementation of an independent director’s recusal for being an interested party in a motion, the independent director’s name, the motion content, the recusal reasons and his or her participation in voting should be stated: None.

  • (3) Communications among independent directors, internal audit officer and CPAs:

  • a. The Company's independent directors communicate with the internal audit officer and CPAs mainly through communication meetings or e-mails.

  • b. At least once a year, a separate meeting is held between the independent directors and the internal audit officer and the CPAs, without the presence of the regular directors and the management. If there is a major issue or if the independent directors, the internal audit officer and CPAs deem it necessary to communicate independently, they may convene a meeting from time to time to communicate.

  • c. The internal audit officer of the Company shall submit audit reports and follow-up reports to the independent directors in the month following the completion of the audit work, and shall attend the Board of Directors' meeting to report the implementation of the annual audit plan and internal control operations.

  • d. The internal audit officer reports individually to the independent directors at the Audit Committee meetings held quarterly on the implementation of the audit plan, significant findings and recommendations for improvement.

  • e. The Company's internal audit officer holds communication meetings with the independent directors and CPAs at least twice a year to discuss matters including the CPAs’ audit matters and results of the financial statements, financial position reports, the implementation of internal controls, other communication matters required by laws and regulations, and the impact of changes in laws and regulations on the Company's accounting practices.

33

f. Communications among independent directors, internal audit officer and CPAs are as follows:

follows:
Meeting date Communication method Communication matters Communication
results
March 12, 2024 Pre-board meeting
discussion		 1. CPAs communicated the results
of the financial statement audit
with the governance unit
(includes key audit matters and
others).
2. Others: Renewal of laws and
regulations.		 All independent
directors present had
no other opinions on
the relevant
communication
matters.
March 12, 2024 Audit Committee 1. Report on the implementation
of audit operations.
2. Amendments to the “Internal
Control System” and
“Enforcement Rules for
Internal Audit”.
3. Discussion of 2023 “Internal
Control System Effectiveness
Review” and “Internal Control
System Statement”.		 All independent
directors present had
no other opinions.
May 9, 2024 Audit Committee Report on the implementation of
audit operations.		 All independent
directors present had
no other opinions.
August 12, 2024 Audit Committee Report on the implementation of
audit operations.		 All independent
directors present had
no other opinions.
November 12, 2024 Pre-board meeting
discussion		 Review results for 2024 Q3 and
the audit scope and time of the
2024 financial statement review
plan (including key audit matters,
etc.).		 All independent
directors present had
no other opinions on
the relevant
communication
matters.
November 12, 2024 Audit Committee 1. Report on the implementation
of audit operations.
2.Amendments to the “Internal
Control System” and
“Enforcement Rules for
Internal Audit”.
3. Discussion about the
formulation of 2025 audit plan.		 All independent
directors present had
no other opinions.
March 12, 2025 Pre-board meeting
discussion		 1. CPAs communicated the results
of the financial statement audit
with the governance unit
(includes key audit matters and
others).
2. Others: Renewal of laws and
regulations.		 All independent
directors present had
no other opinions on
the relevant
communication
matters.
March 12, 2025 Audit Committee 1. Report on the implementation
of audit operations.
2. Amendments to the “Internal
Control System” and
“Enforcement Rules for
Internal Audit”.
3. Discussion of 2024 “Internal
Control System Effectiveness
Review” and “Internal Control
System Statement”.		 All independent
directors present had
no other opinions.

34

(III) Corporate Governance - Implementation Status and Deviations from the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies and the Reasons:

Evaluation Item Implementation Status Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
I. Does Company follow “Taiwan Corporate Governance
Implementation” to establish and disclose its corporate
governance practices?		 V The Company’s “Corporate Governance Best Practice Principles” was
approved by the Board of Directors on November 7, 2014 and will be amended
in line with laws and operational requirements. All operations are conducted in
accordance with the “Corporate Governance Best Practice Principles.” Relevant
content is disclosed on the Market Observation Post System.



None
II. Shareholding structure & shareholders’ rights
(I)
Does Company have Internal Operation Procedures
for handling shareholders’ suggestions, concerns,
disputes and litigation matters. If yes, has these
procedures been implemented accordingly?
(II) Does Company possess a list of major shareholders
and beneficial owners of these major shareholders?
(III) Has the Company built and executed a risk
management system and “firewall” between the
Company and its affiliates?
(IV) Has
the
Company
established
internal
rules
prohibiting
insider
trading
on
undisclosed
information?		 V
V
V
V		 (I)
The Company has a spokesperson and an acting spokesperson to deal
with shareholders' suggestions and questions. In addition, the
Company has a mailbox on the Company's website for investors to
ask questions about shareholders’ proposals or disputes.
(II) The Company regularly discloses the names of major shareholders
and the ultimate controllers of major shareholders in accordance with
relevant laws and regulations, and reports information on the changes
in accordance with the regulations.
(III) The business and financial affairs of the Company and affiliates are
operated independently, and the management rules have been
established and implemented in accordance with the relevant
regulations of the competent authorities.
(IV) The Company has established the "Procedures for Handling Material
Inside Information and Procedures for the Prevention of Insider
Trading" and the "Procedures for Ethical Management and Guidelines
for Conduct" in accordance with the relevant regulations of the
competent authorities to maintain the fairness of securities trading
market, which are posted on the internal website and the Company's
website to prohibit any conduct that may involve insider trading, and
also providesrelated educationand promotion.		 None
III. Composition and Responsibilities of the Board of
Directors
(I) Does the board of directors formulate diversity
policies,
specific
management
objectives
and
implement them?		 V (I) 1. The Company has established the "Corporate Governance Best
Practice Principles" and the composition of the Board of Directors
is determined by takinginto considerationthe diversity ofthe

None

35

Evaluation Item Implementation Status Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
Board of Directors, the members of which not only possess the
knowledge, skills and qualities necessary to perform their duties,
but also have diverse backgrounds in industry, academia and
knowledge.Please refer to the Annual Report on page6”
(IV)Disclosure of professional qualifications of directors and
independence of independent directors”for their educations and
experiences. The implementation status of the Company's policy
on diversity of the board members by individual directors is as
follows, mainly comprising:
A.Basic criteria and values of directors, including gender, age,
nationality, and culture, etc.
B.Directors' professional knowledge and skills, including
professional background (such as law, accounting, industry,
finance, marketing or technology), professional skills and
industry experience, etc.
C.Directors’ abilities include operational judgment, accounting
and
financial
analysis,
business
management,
crisis
management,
industry
knowledge,
international
market
perspective, leadership, and decision-making ability.
2. The Company’s achievement of the diversity of the board members
is detailed on page7 of the Annual Report.
3. The Company’s Board of Directors has seven seats, of which three
are independent directors and two are concurrently managerial
officers of the Company, representing 29% of the total number of
directors. No more than one-third of the directors are concurrently
managerial officers of the Company. Nor more than half of the
directors are spouses or relatives within second degree of kinship
of each other. The percentage of independent directors is 43%. One
independent directors have a tenure of 3 to 9 years, and two
independent director has a tenure of less than 3 years. Two of the
Company’s directors are over the age of 71, three are between 61
and 70, and two are between 51 and 60. The Company has three
female directors,and theproportion of female directors is 43%. At


























36

Evaluation Item Implementation Status Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
(II) Other than the Compensation Committee and the
Audit Committee which are required by law, does the
Company plan to set up other Board committees?
(III) Has the Company established methodology for
evaluating the performance of its Board of Directors,
on an annual basis, reported the results of performance
to the Board of Directors, and use the results as
reference for directors’ remuneration and renewal?		 V
V		 least one-third of the board seats of either gender have been
achieved.
(II)
The Company has established the Remuneration Committee and the
Audit Committee in accordance with the law, with three members
consisting of all independent directors, and will establish other
functional committees in the future depending on the actual operational
need.
(III)
The Company has established the "Rules for Performance Evaluation
of the Board of Directors" as approved by the Board of Directors, which
requires a review of the Board of Directors, individual members of the
Board of Directors, and members of functional committees (including
the Remuneration Committee and the Audit Committee) at least once a
year. The evaluation results will be used as reference for the nomination
of directors.
1.The evaluation method includes internal self-evaluation by the Board of
Directors, self-evaluation by the Board members, self-evaluation by the
members of the functional committees or other appropriate methods for
performance evaluation.
2.The performance evaluation of the Board of Directors of the Company
shall include at least the following five major aspects:
(1) The extent of participation in the Company's operations.
(2) Improvement in the quality of the board's decision-making.
(3) Composition and structure of the board.
(4) Election and continuing education of directors.
(5) Internal control.
The performance evaluation of board members should include at least
the following six major aspects:
(1) Alignment of the Company's objectives and tasks.
(2) Perception of directors’ responsibilities.
(3) The extent of participation in the Company's operations.
(4) Internal relationship management and communication.
(5) Professionalism and continuing education of directors.
(6) Internalcontrol.














37

Evaluation Item Implementation Status Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
The performance evaluation of the functional committees (including the
Audit Committee and the Remuneration Committee) should include at
least the following five major aspects:
(1) The extent of participation in the Company's operations.
(2) Perception of functional committee’s responsibilities.
(3) Improvement in the quality of the functional committee's decision-
making.
(4) Composition and appointment of functional committee members.
(5) Internal control.
The Board of Directors' performance evaluation indicators shall be
determined in accordance with the Company's operations and needs,
and shall be appropriate for the Company's performance evaluation.
The evaluation criteria shall be revised and adjusted according to the
needs of the Company, and the scores may be weighted according to
each evaluation aspect.
3.The Company performs the internal performance evaluation of the Board
of Directors once a year in accordance with the evaluation procedures
and evaluation indicators of "Rules for Performance Evaluation of the
Board of Directors".
The results of the internal performance evaluation shall be completed
and provided to the Board of Directors by the end of the first quarter of
the following year. The evaluation scope shall include the performance
evaluation of the Board of Directors as a whole, individual board
members and functional committees.
The evaluation method includes internal self-evaluation by the Board
of Directors, self-evaluation by the Board members, self-evaluation by
the members of the functional committees or other appropriate methods
for performance evaluation. The results of the performance evaluation
shall be used as a reference in the selection or nomination of directors.
4.The performance evaluation of the Board of Directors for the year 2024
was completed in February 2025 and the evaluation results were
submitted to the Board of Directors on March 12, 2025. According to
the self-evaluation results oftheBoard of Directors, boardmembers,


















38

Evaluation Item Implementation Status Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
(IV) Does the Company regularly evaluate its attesting
CPAs’ independence?		 V Audit Committee and Remuneration Committee, the performance
evaluation of the Board of Directors, board members, Audit Committee
and Remuneration Committee are all above the standard, which
indicates that the overall operations of the Board of Directors and
functional committees of the Company are good.
(IV) The Audit Committee and the Board of Directors of the Company
evaluate the independence and competency of the attesting CPAs in
accordance with the regulations every year. In addition to requesting the
attesting CPAs to issue the "Statement of Independence" and "Audit
Quality Indicator (AQI) Report", the Company also examines whether
the attesting CPAs meet the independence and competency according to
the thirteen indicators of the five major scopes of AQI and an number of
evaluation criteria. The evaluation results will also be used as the basis
for the Audit Committee and the Board of Directors to approve the
appointment of the CPAs. Based on the results of the most recent
evaluation of the independence and competency of the Company's
attesting CPAs (please refer to Note 1), the Company's attesting CPAs
meet the independence and competency requirements. On March 12,
2025, the Audit Committee and the Board of Directors resolved to
approve the "evaluation of independence and competency as well as
appointment ofthe attesting CPAs".

















IV. Does the Company appoint competent and appropriate
corporate
governance
personnel
and
corporate
governance officer to be in charge of corporate
governance affairs (including but not limited to furnishing
information required for business execution by directors,
assisting directors’ compliance of law, handling matters
related to board meetings and shareholders’ meetings
according to law, handling company registration and
change registration , and recording minutes of board
meetings and shareholders’ meetings)?		 V 1. The Company’s Corporate Governance Group is responsible for corporate
governance-related matters, and the Board of Directors resolved on March
18, 2021 that Chun-Yen Chen, Manager of the Accounting Office of the
Finance Division, be appointed as the Corporate Governance Officer. She
has at least three years of experience in the management of finance, stock
affairs and meeting administration of a public company and has completed
continuing professional education as required by law.
2. Corporate governance related matters and scope of authority mainly include
the following
(1) Provide information necessary for directors to carry out their business.
(2) Administer meetings oftheBoard of Directors and shareholders'







None

39

Evaluation Item Implementation Status Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
meetings in accordance with the law.
(3) Handle business registration and change registration for the Company.
(4) Prepare minutes of meetings of the Board of Directors and
shareholders.
(5) Assist directors to take office and pursue continuing education.
(6) Assist directors in complying with the law.
(7) Assist the Board of Directors in strengthening its performance.
(8) Report to the Board of Directors the results of its review of the
qualifications of independent directors at the time of their nomination,
election and during their term of office in compliance with the
relevant laws and regulations.
(9) Handle matters related to the change of directors.
(10) Protect the interests of stakeholders and uphold equal treatment of
shareholders.
3. Implementation status of the above matters in 2024:
(1) Handled matters related to the change of directors in accordance with
the law:
Formulated the meeting agenda for Board of Directors’ and Audit
Committee’s meetings, sent out meeting notices, meeting materials
and minutes. In 2024, the Board of Directors had 7 meetings and the
Audit Committee had 4 meetings.
(2) Administered the annual regular shareholders' meetings in accordance
with the law:
Registered for the shareholders' meeting, prepared the meeting notice,
handbook and minutes, and administered the regular shareholders'
meeting on June 12, 2024 to amend the Articles of Incorporation and
completed the change registration for the Company in accordance
with the regulations.
(3) Assisted in the communications among independent directors,
internalaudit officerand attesting CPAs.















None

40

Evaluation Item Implementation Status Implementation Status Implementation Status Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
(4) Published material information in accordance with the law and
ensured the legality and accuracy of the contents of material
information published.
(5) Assist directors in complying with various laws and best practice
principles and to assisted in arranging continuing educations for
directors.
(6) Handled the purchase of liability insurance for directors and
managerial officers.
(7) Administered the performance evaluation of the Board of Directors
for the year 2024, which was reported to the Board of Directors in its
first meeting in 2025(March 12, 2025).
(8) Completed the qualification review of independent directors
(including nomination, election, and term of office), and reported to
the Board of Directors on March 12, 2024 and December 19, 2024.
(9) Continued to implement and strengthen corporate governance.
4. Continuing educations of the Corporate Governance Officer:
Training date
Organizer
Course name
Training
hours
Total
training
hours in the
year
2023.10.6
Accounting
Research and
Development
Foundation
Practical Analysis of the
Latest “Sustainable
Development Action Plan”
and the Impact of Net Zero
Carbon Emission on
Financial Statements
6.0
12.0
2023.11.6
How to Analyze Key
Financial Information to
Strengthen Crisis Early
Warning
6.0







Training date Organizer Course name Training
hours		 Total
training
hours in the
year
2023.10.6 Accounting
Research and
Development
Foundation		 Practical Analysis of the
Latest “Sustainable
Development Action Plan”
and the Impact of Net Zero
Carbon Emission on
Financial Statements		 6.0 12.0
2023.11.6 How to Analyze Key
Financial Information to
Strengthen Crisis Early
Warning		 6.0

41

Evaluation Item Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
Training date Organizer Course name Training
hours		 Total
training
hours in the
year
2024.09.03
2024.09.04		 Taiwan
Corporate
Governance
Association		 Climate Risk Identification
Workshop and Net Zero
Emission Promotion
Conference		 9.0 12.0
2024.12.19 The Business
Development
Foundation of
the Chinese
Straits		 Corporate Environmental
Governance and Social
Disclosure		 3.0
V. Has the Company established a means of communicating
with its Stakeholders (including but not limited to
shareholders, employees, customers, suppliers, etc.) or
created a Stakeholders Section on its Company website?
Does the Company respond to stakeholders’ questions on
corporateresponsibilities?		 V The Company has a spokesperson and an acting spokesperson, and provides a
communication channel for investors and stakeholders to ask questions through
the Company's website. The Company has set up a stakeholder area on the
Company's website, where stakeholders can communicate with each other by
telephone or email disclosed on the website as needed on issues of concern.



None
VI. Has the Company appointed a professional registrar for
its Shareholders’ Meetings?		 V The Company has appointed a professional stock affairs agency, CAPITAL
SECURITIES CORP., to administer shareholders’ meetings and shareholder
services.

None
VII. Information Disclosure
(I)
Has the Company established a corporate website to
disclose information regarding its financials, business
and corporate governance status?
(II) Does the Company use other information disclosure
channels (e.g. maintaining an English-language
website, designating staff to handle information
collection and disclosure, appointing spokespersons,
webcasting investors conference etc.)?
(III) Does the Company announce and report the annual
financialstatements withintwomonths afterthe end






V
V		 V (I)
The Company has set up a website with "Investor Relations" and
"Sustainable Development ESG"areas to disclose information on
financial and business matters and sustainable development.
(II) The Company has dedicated personnel to be responsible for the collection
and disclosure of material information of the Company, and inputting the
information into the Market Observation Post System and the Company's
website on a regular basis, has implemented a spokesperson system in
accordance with the regulations and, and has placed information related
to the Company's past earnings calls on the Company's website.
(III) The annual financial reports, the first, second, and third quarter financial
reports, and themonthly operatingresults ofthe Company are announced







None

42

Evaluation Item Implementation Status Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
of the fiscal year, and announce and report the first,
second, and third quarter financial statements as well
as the operating status of each month before the
prescribed deadline?

and reported before the prescribed deadline.
VIII. Has the Company disclosed other information to
facilitate a better understanding of its corporate
governance practices (e.g. including but not limited to
employee rights, employee wellness, investor relations,
supplier relations, rights of stakeholders, directors’
training
records,
the
implementation
of
risk
management policies and risk evaluation measures, the
implementation of customer relations policies, and
purchasing liability insurance for directors)?		 V 1. Employees' rights and interests: The Company protects employees' rights
and interests in accordance with the Labor Standards Act, the Gender
Equality Act, the Sexual Harassment Prevention Act, and other relevant
laws and regulations.
2. Employee care: The Company provides relevant welfare system,
complete education and training, and good communication channels to
establish a trusting relationship with employees.
3. Investor relations: The Company has dedicated personnel to provide
services and a stock affairs unit to handle shareholders' suggestions.
4. Supplier relations: The Company selects suitable suppliers based on their
delivery quality, timeliness, and after-sales service, and signs distribution
contracts for the products of the partners we represent. We review the
cooperation relationship between the two parties according to the contract
period, and quote and compare multiple vendors for products in the
market channel simultaneously to establish a stable procurement network,
and require suppliers to comply with corporate social responsibility
policies.
5. Stakeholders’ rights: Stakeholders may communicate with the Company
and make suggestions to protect their legitimate rights and interests.
6. Continuing educations of directors: Please refer to the description (Note
2) of Continuing education of directors in this Annual Report.
7. Implementation status of risk management policy and risk measurement
standards: The Company has established the risk management policy,
which together with the risk measurement standards have been
implemented by dedicated personnel and the implementation status is
good.
8. Implementation of customer policy: The Company maintains stable and
good relationships with its customers to generate profits for the Company.
9.The Company’s purchase of liabilityinsurancefordirectors and




















None

43

Evaluation Item Implementation Status Implementation Status Implementation Status Difference from
Corporate Governance
Practice Principles for
TWSE/TPEx Listed
Companies andreasons
Yes No Description
managerial officers: The Company purchases liability insurance for
directors and managerial officers every year to strengthen corporate
governance and reduce the risks borne by directors, managerial officers
and the Company, which are reported on the Market Observation Post
System.


IX. The improvement status for the result of Corporate Governance Evaluation announced by Taiwan Stock Exchange for the 2024 Corporate Governance Evaluation：
Improved status for the non-scoring items:
Evaluation Index
Improved status
Does the Company compile and upload the sustainability report to the Market Observation
Post System and the Company’s website in accordance with the GRI Standards issued by the
Global Reporting Initiative (GRI)? [If the sustainability report discloses relevant ESG
informationwith reference to SASB, one point willbe added to the totalscore.]
The Company completed the preparation of the 2023 sustainability report before
August 31, 2024 and upload it to the Market Observation Post System and the
Company’s website, which has been approved by the Board of Directors.
Priorities for improvement:
Evaluation Index
Priorities for improvement
Has the Company established a Nomination Committee with at least 3 members, and at least
half of which are independent directors. An independent director shall serve as the convener
and chair of the meeting, and its composition, responsibilities and operations are disclosed?
The Company plans to establish the Nomination Committee in 2025.

44

Note 1:

Note 1:
(1) Evaluation form of the independence and competency of attesting CPAs
Evaluation item Evaluation
results		 Compliance with
Independence
1. If the CPA has a direct or material indirect financial interest in the Company? No Yes
2. If the CPA has any financing or guarantee dealings with the Company or its directors and supervisors? No Yes
3. If the CPA has significant close business relationships with the Company? No Yes
4. If the CPA Group has a potential employment relationship with the Company? No Yes
5. If the CPA and the Company agreed on contingent professional fees related to audit cases? No Yes
6. If the CPA and any audit team member currently or within the most recent two years has served as a director,
supervisor, managerial officer or position that has a significant influence on audit cases?		 No Yes
7. If the CPA had provided any non-audit services to the Company that will directly affect the important matters of
audit cases?		 No Yes
8. If the CPA has advertised or brokered any shares or other securities issued by the Company? No Yes
9. If the CPA has acted as a defender for the Company or coordinated conflicts with other third parties on behalf of the
Company?		 No Yes
10. If the CPA is related to the directors, supervisors, managerial officers or persons who have significant influence on
the audit cases of the Company?		 No Yes
11. If any other practicing CPA who left the CPA firm in the last year has served as a director, supervisor, managerial
officer or position that has a significant influence on audit cases?		 No Yes
12. If the CPA ever received any gifts or presents of significant value from the Company or its directors, supervisors or
managerial officers?		 No Yes
13. If the CPA is requested to accept improper choices by management in accounting policies or improper disclosures
in the financial statements?		 No Yes
14. If the CPA is pressed to improperly reduce the amount of audit work to be performed in order to reduce the
professional fees?		 No Yes
15. Has the Company not changed its attesting CPAs for seven consecutive years or have its attesting CPAs been
disciplined or compromised their professionalism or independence?		 No Yes

45

(2) AQI Independence and Competency Assessment Form for Attesting CPAs

AQI Key measurement points and level Compliance
with Audit
Quality
Indicators
Scope 1
Professionalism		 (1-1) Audit experience Do the senior auditors have sufficient audit experience to perform the audit
work?		 CPA firm level
Audit engagement level		 Yes
(1-2) training hours Do the CPAs and senior auditors receive sufficient annual education and training
to continue to acquire professional knowledge and skills?
CPA firm level		 Yes
(1-3) Turnover rate Does the CPA firm maintain sufficient experienced human resources? CPA firm level Yes
(1-4) Professional supports Does the CPA firm have sufficient professional personnel (such as appraisers) to
support the audit team?		 CPA firm level Yes
Scope 2
Quality control		 (2-1) CPAs’ workload Are the CPAs overloaded with audit engagements? CPA firm level
Audit engagement level
Yes
(2-2) Audit involvement Is the involvement of the audit team at each stage of the audit engagement
appropriate?		 CPA firm level
Audit engagement
level		 Yes
(2-3) Engagement quality
control review (EQCR)		 Do CPAs devote sufficient hours to perform reviews of the audit engagement
(EQCR)?		 CPA firm level
Audit engagement level
Yes
(2-4) Quality control support
capability		 Does the CPA firm have sufficient quality control manpower to support the audit
team?
CPA firm level		 Yes
Scope 3
Independence		 (3-1) Non-audit service fees Effect of the proportion of non-audit service fees on Independence Audit engagement level
Yes
(3-2) Client familiarity Effect of the cumulative number of years of attestations to annual financial
statements provided by the CPA firm on independence		 Audit engagement level
Yes
Scope 4 (4-1) External inspection
deficiencies and
disciplines		 Are the quality control and audit engagements of the CPA firm performed in accordance
with the relevant laws and regulations?		 CPA firm level
Audit engagement level
Yes

Supervision		 (4-2) Improvements required
b cometent authorities		 Are the quality control and audit engagements of the CPA firm performed in accordance
with the relevant laws and reulations?		 CPA firm level
Audit enaement level
Y
y p
in letters		 g gg
es
Scope 5
Innovation
capabilities		 (5-1) Innovation planning or
initiatives		 The CPA firm's commitment to improving audit quality, including the CPA
firm’s innovation capabilities and planning.		 CPA firm level Yes

46

Note 2: Continuing education of directors

Job title Name Date Course name Organizer Hours
Director Po-Wen
Wang		 2023.04.27 Sustainable Development Action Plan Promotion
Conference for TWSE/TPEx-listed Companies		 Taiwan Stock Exchange 3
Independent
Director		 Che-Fu
Kung		 2023.05.22 Sustainable Development Action Plan Promotion
Conference for TWSE/TPEx-listed Companies		 Taiwan Stock Exchange 3
Independent
Director		 Wang-
Ying Yu		 2023.09.04 The 14th Taipei Corporate Governance Forum Financial Supervisory
Commission		 3
Independent
Director		 Chung-
Lieh Kuo		 2023.10.13 2023 Annual Briefing on Insider Trading Prevention Securities and Futures Institute 3
Independent
Director		 Wang-
Ying Yu		 2023.10.13 2023 Annual Briefing on Insider Trading Prevention Securities and Futures Institute 3
Director Chih-
Chun Liu		 2023.10.13 2023 Annual Briefing on Insider Trading Prevention Securities and Futures Institute 3
Director Po-Wen
Wang		 2023.10.20 2023 Annual Briefing on Insider Trading Prevention Securities and Futures Institute 3
Independent
Director		 Che-Fu
Kung		 2023.11.29 2023 Annual Legal Compliance Briefing on Insider
Stock Transactions		 Securities and Futures Institute 3
Independent
Director		 Chung-
Lieh Kuo		 2023.11.29 2023 Annual Legal Compliance Briefing on Insider
Stock Transactions		 Securities and Futures Institute 3
Director Chih-
Chun Liu		 2023.11.29 2023 Annual Legal Compliance Briefing on Insider
Stock Transactions		 Securities and Futures Institute 3
Director Po-Wen
Wang		 2024.07.03 2024 Cathay Sustainable Finance & Climate Change
Summit		 Taiwan Stock Exchange 6
Independent
Director		 Feng-
Chiu Yu		 2024.09.04 Net Zero Carbon Emissions Promotion Conference Taiwan Corporate Governance
Association		 3
Independent
Director		 Feng-
Chiu Yu		 2024.09.06 2024 Annual Briefing on Insider Trading Prevention Securities and Futures Institute 3
Independent
Director		 So-Yun
Cheng		 2024.10.04 Net Zero Carbon Emissions Promotion Conference Taiwan Corporate Governance
Association		 3
Independent
Director		 Feng-
Chiu Yu		 2024.10.08 2024 WIW Forum Lecture on "Concerto for Digital
Banking and Perpetual Finance under the AI Bash"		 Taiwan Stock Exchange 3
Independent
Director		 Chung-
Lieh Kuo		 2024.10.18 2024 Annual Briefing on Insider Trading Prevention Securities and Futures Institute 3
Independent
Director		 So-Yun
Cheng		 2024.10.18 2024 Annual Briefing on Insider Trading Prevention Securities and Futures Institute 3
Independent
Director		 So-Yun
Cheng		 2024.11.15 2024 Annual Legal Compliance Briefing on Insider
Stock Transactions		 Securities and Futures Institute 3
Director Chih-
Chun Liu		 2024.11.29 2024 Annual Briefing on Insider Trading Prevention Securities and Futures Institute 3
Director Jui-Fu
Liu		 2024.12.19 Corporate Environmental Governance and Social
Disclosure		 The Business Development
Foundation of the Chinese
Straits		 3
Director Jui-Long
Liu		 2024.12.19 Corporate Environmental Governance and Social
Disclosure		 The Business Development
Foundation of the Chinese
Straits		 3
Director Po-Wen
Wang		 2024.12.19 Corporate Environmental Governance and Social
Disclosure		 The Business Development
Foundation of the Chinese
Straits		 3
Director Chih-
Chun Liu		 2024.12.19 Corporate Environmental Governance and Social
Disclosure		 The Business Development
Foundation of the Chinese
Straits		 3
Independent
Director		 Chung-
Lieh Kuo		 2024.12.19 Corporate Environmental Governance and Social
Disclosure		 The Business Development
Foundation of the Chinese
Straits		 3
Independent
Director		 So-Yun
Cheng		 2024.12.19 Corporate Environmental Governance and Social
Disclosure		 The Business Development
Foundation of the Chinese
Straits		 3
Independent
Director		 Feng-
Chiu Yu		 2024.12.19 Corporate Environmental Governance and Social
Disclosure		 The Business Development
Foundation of the Chinese
Straits		 3

47

  • (IV) Composition, duties and operations of the Remuneration Committee of the Company:

  • Information on the members of the Remuneration Committee

Criteria
Position Name		 Criteria
Position Name		 Professional qualifications and
experience		 Status of independence Number of
other public
companies in
which the
individual is
concurrently
serving as a
remuneration
committee
member
Independent
Director
(Convener)		 Chung-
Lieh Kuo		 Please refer to page 6 of the Annual Report for the “Disclosure of professional qualifications of directors
and independence of independent directors”		 0
Independent
Director		 So-Yun
Cheng		 0
Independent
Director		 Feng-
Chiu Yu		 0

  1. Information on the operations of the Remuneration Committee

  2. (1) The Remuneration Committee of the Company has 3 members.

(2) The term of office of the
Remuneration Committee		 (2) The term of office of the
Remuneration Committee		 current committee members is from June 12, 2024 to June 11, 2027. The
met two times in 2024, and the attendance of the members was as follows:		 current committee members is from June 12, 2024 to June 11, 2027. The
met two times in 2024, and the attendance of the members was as follows:		 current committee members is from June 12, 2024 to June 11, 2027. The
met two times in 2024, and the attendance of the members was as follows:		 current committee members is from June 12, 2024 to June 11, 2027. The
met two times in 2024, and the attendance of the members was as follows:
Job title Name Number of
attendance
in person		 Number of
attendance
by proxy		 Percentage of
attendance in
person (%)		 Remark
Convener Chung-Lieh Kuo 2 0 100% Reappointed on
2024.6.12
Committee
member		 So-Yun Cheng 1 0 100% Newly elected on
2024.6.12
Committee
member		 Feng-Chiu Yu 1 0 100% Newly elected on
2024.6.12
Convener Wang-Ying Yu 1 0 100% Term expired on
2024.6.12
Committee
member		 Che-Fu Kung 1 0 100% Term expired on
2024.6.12

(3) The matters for discussions and resolutions of the Remuneration Committee and the Company's

handling of the opinions of the members:

Remuneration
Committee		 Motion content Resolution The Company's handling of
the opinions of the members
of the Remuneration
Committee
7th meeting of the
5th Committee
2024.03.12		 1. Review of the payment of year-end
bonus to managerial officers for
2023.
2. Review of the remuneration and
performance evaluation of
directors and managerial officers
for 2023.
3. Review of the employee profit-
sharing remuneration for directors
and managerial officers for 2023.		 All members present
agreed to approve the
motions as proposed
with no objection		 Submitted to the Board of
Directors for resolution and
approved by all directors
present
1st meeting of the
6th Committee
2024.11.12		 1. Review of the remuneration and
performance evaluation of
directors and managerial officers
for 2024.
2. Discussion about the remuneration
policy, system, standard and		 All members present
agreed to approve the
motions as proposed
with no objection		 Submitted to the Board of
Directors for resolution and
approved by all directors
present

48

structure for directors and
managerial officers.
3. Review of the payment of year-end
bonus to managerial officers for
2024.
4. Discussion about the work plan of
the Remuneration Committee for
2025.
2nd meeting of
the 6th
Committee
2025.03.12		 1. Review of the payment of year-end
bonus to managerial officers for
2024.
2. Review of the remuneration and
performance evaluation of
directors and managerial officers
for 2024.
3. Review of the employee profit-
sharing remuneration for directors
and managerial officers for 2024.		 All members present
agreed to approve the
motions as proposed
with no objection		 Submitted to the Board of
Directors for resolution and
approved by all directors
present

  • (4) Other matters required to be recorded:

  • A.The tasks and responsibilities of the Remuneration Committee:

    • a. Regularly review the Committee Charter and propose amendments.

    • b. Establish and periodically review the policies, systems, standards and structures for annual and long-term performance goals and remuneration for directors and managerial officers of the Company.

    • c. Regularly evaluate the achievement of the performance goals of the Company's directors and managerial officers and determine the content and amount of their individual remuneration.

  • B.If the Board of Directors does not adopt or amend the recommendations of the Remuneration Committee, it should state the date, period, proposal content, resolution of the board, and its handling of the committee’s opinions: None.

  • C.If any of the members of the Remuneration Committee hold adverse opinion or qualified opinions with record or in written declaration against the resolutions of the committee, specify the date and the session of the committee meeting, the content of the motion, the opinions of all members and the response to the opinions of the members: None.

49

  • (V) Implementation status of the promotion of sustainable development, the differences from the Sustainable Development Best Practice Principles for TWSE/TPEx listed Companies and the reasons therefor:
and the reasons therefor:
Promotional Implementation Item Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
I. Does the company have established a governance structure to
promote sustainable development and set up a dedicated
department to promote sustainable development, which is
authorized and supervised by the board of directors?


V		 1. The Board of Directors of the Company serves as the highest decision-
making body for sustainable development matters. In 2022, with the
Board’s approval, the former Corporate Governance and CSR Promotion
Group to the Sustainable Development Promotion Group. In May 2024,
the positions of Chief Sustainability Officer and Executive Secretary were
established. The Chief Sustainability Officer oversees three teams—
Corporate Governance, Environmental Sustainability, and Social
Prosperity—responsible for formulating sustainable development-related
policies, systems, and management guidelines, proposing concrete
promotion plans, executing them, and reviewing and improving their
effectiveness. The Company regularly reports the implementation plan
and results to the Board of Directors at least once a year. The main tasks
are divided into the following three subgroups and the relevant
departments are responsible for promoting the implementation:
(1) Corporate Governance Subgroup:
Responsible for compliance with laws and regulations, Board of
Directors' governance practices, implementation of internal control
system, information security, information disclosure, risk management,
shareholders' rights and interests, and other related work.
(2) Environmental Sustainability Subgroup:
Responsible for environmental protection, green environment, energy
saving and carbon reduction, ecological sustainability, greenhouse gas
inventory, and safety and health related work.
(3) Social Co-prosperity Subgroup:
Responsible for employee care, customer relations, supplier
management, workplace safety, education and training, integrity
management, human rights protection, and social benefit.
2. The sustainable development promotion group has reported to the Board
of Directors on December 19, 2024 about the implementation results for
2024and the plan for 2025.



















None

50

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
3. The Company has formulated the “Procedures for the Preparation and
Assurance of Sustainability Reports” in accordance with the “Regulations
Governing the Preparation and Filing of Sustainability Reports by TWSE
Listed Companies”, and approved by the Board of Directors on March
12, 2024. It is the basis for the implementation of relevant operating
procedures by the sustainable development promotion group.
4. The Company established the "Regulations Governing the Sustainability
Information Management" on November 12, 2024 and amended the
relevant internal control system to improve the quality of sustainability
information disclosure.
5. The 2023 Sustainability Report has been approved by the Board of
Directors of the Company on August 12, 2024.
6. Based on the report on the implementation status, the Board of Directors
reviews the promotion of strategies and plans and urges the promotion
teamtomake adjustments when necessary.









II. Does the Company conduct risk assessments on environmental,
social, and corporate governance issues related to its operations
in accordance with the materiality principle, and implement
relevant risk management policies or strategies?


V		 1. To strengthen corporate governance and improve risk management
operations, the Company has established the “Risk Management Policy”,
which was approved by the Board of Directors on November 10, 2020,
to effectuate a check and balance mechanism of the risk management.
The Company's risk management policy is mainly oriented to risk
management. The Company defines various types of risks in accordance
with the Company's overall operating policies and establishes a risk
management mechanism for early assessment and measurement,
effective supervision and strict control, with the aim of controlling risks
within acceptable or controlled limits, and strengthening the awareness
of risk control among all employees in order to reasonably ensure the
achievement of the Company's strategic objectives.
2. The scope of the Company's risk management includes market risk,
operational risk, strategic risk, financial risk, legal risk, information
security risk, and other risks that may cause the Company to incur
material losses. The risk management is carried out by each risk working
subgroupaccordingto the issues theyare responsible for.













51

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
3. The Board of Directors of the Company is the highest unit of risk
management and shall approve the risk management policy and structure,
and is responsible for approving, reviewing, and monitoring the
Company's risk management policy to ensure the effectiveness of risk
management. The Risk Management Group is directly under the
President and is responsible for the monitoring, measurement and
evaluation of the company's risk at the execution level. The risk
management of each operation is assigned to each relevant unit according
to the nature of its business.
4. The Company's Sustainable Development Promotion Group conducts risk
assessments on environmental, social and corporate governance issues
related to the Company's operations in accordance with the materiality
principle for the Sustainable Development Policy, and establishes
relevant risk management policies as follows:
Material
issues
Risk assessment
Item
Risk management policy or strategy
Environment
Environmental
protection
A.In response to the potential risks of climate
change,
the
Company
has
established
“Environmental Management Regulations” in
accordance with the characteristics of the
industry to implement the energy conservation
policy, and the Company's environmental
policy is to "comply with environmental
regulations, conserve global resources, and
fulfill social responsibility.
B.As part of the greenhouse gas inventory and
verification timeline, the Company passed
third-party verification in March 2025, using
the ISO 14064-1:2018 standard. The Company
will continue conducting regular greenhouse
gas inventories in accordance with ISO 14064-
1, assess operational impacts, and implement
ongoing carbon reduction measures based on
the results.











None

52

Promotional Implementation Item Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
1. Product safety
The Company's products comply with the
government regulations and laws, without any
hazardous materials, and to ensure the quality of
customer
service
and
enhance
customer
satisfaction, we have a dedicated unit to provide
diversified services to customers.
2. Occupational
safety
The Company has established "Environmental
Management Regulations", "Code of Practice for
Occupational Safety and Health" and "Safety
Inspection Regulations" to enforce safety and
health protection measures, and holds regular fire
drills and exercises every year.
1.Socio-
economic and
legal
compliance
The Company has established a governance
organization and implemented internal control
mechanisms to ensure that all employees and
operations comply with relevant laws and
regulations.
2. Strengthen
the functions of
directors
A.Planning to relevant continuing education
topics for directors, and provide directors with
the latest regulations every year.
B. Purchase liability insurance for directors and
managers to reduce the risks borne by
directors, managers and the Company.
3. Stakeholder
communication
The Company has a spokesperson and an acting
spokesperson, and provides a communication
channel for investors and stakeholders to ask
questions through the Company's website. The
Company has set up a stakeholder area on the
Company's website, where stakeholders can
communicate with each other by telephone or
email disclosed on the website as needed on
issues of concern.
Society 1. Product safety The Company's products comply with the
government regulations and laws, without any
hazardous materials, and to ensure the quality of
customer
service
and
enhance
customer
satisfaction, we have a dedicated unit to provide
diversified services to customers.
2. Occupational
safety		 The Company has established "Environmental
Management Regulations", "Code of Practice for
Occupational Safety and Health" and "Safety
Inspection Regulations" to enforce safety and
health protection measures, and holds regular fire
drills and exercises every year.
Corporate
governance		 1.Socio-
economic and
legal
compliance		 The Company has established a governance
organization and implemented internal control
mechanisms to ensure that all employees and
operations comply with relevant laws and
regulations.
2. Strengthen
the functions of
directors		 A.Planning to relevant continuing education
topics for directors, and provide directors with
the latest regulations every year.
B. Purchase liability insurance for directors and
managers to reduce the risks borne by
directors, managers and the Company.
3. Stakeholder
communication		 The Company has a spokesperson and an acting
spokesperson, and provides a communication
channel for investors and stakeholders to ask
questions through the Company's website. The
Company has set up a stakeholder area on the
Company's website, where stakeholders can
communicate with each other by telephone or
email disclosed on the website as needed on
issues of concern.
III. Environmental issues
(I) Does the Company establish proper environmental
management systems based on the characteristics of their
industries?

V		 (I) The Company has established an environmental management
system in accordance with the characteristics of the industry:
1. The Company's environmental policy objective is to "comply
with environmental regulations,conserveglobal resources and


None

53

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
fulfill social responsibilities".
2. The Company actively promotes various management measures
such as energy saving and carbon reduction, waste reduction,
etc., and collects information on relevant environmental laws
and regulations in a timely manner to ensure that the Company's
business activities comply with the requirements of laws and
regulations.
3. The Company tests the concentration of carbon dioxide in the
working environment, lighting and noise every six months to
monitorthe safety ofthe working environment.





(II) Does the Company endeavor to utilize all resources more
efficiently and use renewable materials which have low
impact on the environment?

V		 (II) 1. In response to climate change mitigation and adaptation and
sustainable resource use issues, net-zero carbon emission has
become a global trend. The Company responds to the
government's policy of "low-carbon sustainable homes",
implements energy saving and carbon reduction and promotes
resource use, and strives to develop related products to reduce
office greenhouse gas emissions in order to enhance carbon
reduction benefits and reduce the impact on the environment. We
also implement electronic documents, reuse recycled paper,
avoid unnecessary waste of resources, and prioritize the use of
green and energy-saving products.
2. As the Company provides professional services in the
information service business, and its impact on the environment
and energy consumption are mainly the power consumption of
the office premises. The Company will continue to strengthen
the implementation of various energy-saving measures, with the
goal of reducing electricity consumption by 1%, and will
regularly inventory greenhouse gas emissions in accordance
with "ISO 14064-1" to examine the impact of the Company's
operations. Based on the results of carbon inventory, we will
continue to implement carbon reduction measures.


















None

54

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
(III) Does the Company assess the potential risks and
opportunities of climate change for its current and future
operations and undertake response measures with respect
to climate change?


V		 (III) Climate change has become an important issue for investors and
companies alike. The Company conducts risk assessments and
develops countermeasures for climate change and reports them to
the Board of Directors on a regular basis. The Company understands
that by saving energy and reducing carbon, it can achieve the
reduction of greenhouse gases, thus reducing the occurrence of
environmental impact climate change, and the implementation
measures include:
1. We use our self-developed "Building Power Saving
Management System" to develop a power saving service
platform with intelligent management mechanism to provide
optimal power usage in buildings to help manage building power
consumption. In addition, the planned electricity system has
been developed to actively manage the electricity consumption
and load reduction of equipment to achieve the purpose of saving
electricity.
2. The use of LED lights in the office area will result in significant
electricity savings. The Company will continue to improve
electricity consumption and aim to save 1% of electricity per
year.
3. Public area lighting is managed on a regular basis by sensors.
4. The priority of purchasing equipment is environmental
protection and energy saving.
5. The air conditioning is managed on a regular basis and the
temperature is limited (set at 26 degrees Celsius or less) to
reduce electricity consumption and avoid gas emissions.
6. We implement electronic document use, use old envelopes as
briefcases for internal document delivery, recycle waste toner
cartridges and waste paper, and recycle and reuse paper.
7. The office area is inspected from time to time.
8. The environmental committee and the office bearers on the floor
are responsible for energy saving and safety control (including
access control, emergencyhandling, and crisismanagement that























None

55

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
may cause interruption of the company's operation) on the floor.
9. We strive to develop energy-saving products to reduce the
impact on the environment.
10.We implement waste management policies and water
conservation measures.

(IV) Does the Company calculate the amount of greenhouse gas
emission, water consumption, and waste production in the
past two years and implement policies to cut down energy
and water consumptions, carbon and greenhouse gas
emissions, and waste production?



V		 (IV) The Company's energy saving and carbon reduction benefits and
policy for the past two years based on statistics are as follows:
1. The Company has completed the ISO 14064-1 Scope 1, 2, and 3
inventory and third-party verification in 2024. The greenhouse
gas emissions in the last two years are as follows:
Unit: TCO2e
Year
Scope 1 Scope 2 Scope 3 Total
Scope of data
2023
140
1,483
320 1,943
All offices of the Taipei
Headquarters, Taoyuan
Office, Hsinchu Office,
Taichung Branch, Tainan
Branch and Kaohsiung
Branch
2024
45
1,438
514 1,997
Note: (1) The Company has completed the third-party verification of ISO
14064-1 in 2024, and verified that the institution: TUVNORD
Taiwan.
(2) 2023 was an internal self-examination. The difference between
Scope 1 and Scope 3 was mainly due to the difference in 2024
inspection criteria.
2. The 2024 (base year) greenhouse gas emissions, including: Scope
1, Scope 2, Scope 3, a total of 1,997 tons CO2e. Greenhouse gas
classification is based on ISO 14064-1:2018 published by the
International Organization for Standardization (ISO), the
emission information included direct emissions (scope 1)
accounting for 2.26%, indirect energy emissions (scope 2)
accounting for 72.04%, and other indirect emissions (scope 3)
accountingfor 25.70%.









None

56

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
3. In response to the low-carbon policy and greenhouse gas
reduction, the Company continues to promote low-carbon
education and the concept of energy saving and carbon
reduction, finds power-saving solutions for IT rooms, replaces
equipment with high-energy-efficiency, and formulates relevant
power-saving measures to reduce the use of purchased electricity
consumption, and set a reduction target of 1%.
4. In addition to general water consumption, no additional
wastewater is generated during the Company's operations. The
water source comes from the water company, and sewage is
discharged in accordance with regulations. There is no concern
of water pollution. The total water consumption in 2024 and
2023 was 10,511 tons and 10,817 tons, respectively. Although
there was a decrease of 2.83% from 2023, the Company's
operations grew in 2024, and the number of employees increased
from 2023, but the goal of reducing water use by nearly 1% was
still achieved. In 2025, the Company will continue to implement
water conservation in daily life, with the goal of reducing water
consumption by 1%
5. The Company is a non-manufacturing company and does not
generate hazardous wastes:
The Company's general recycling materials are centrally placed
in the recycling area and are classified according to paper, glass,
plastic, iron and aluminum, and PET bottles, etc. Non-recyclable
waste such as polystyrene, wood pallets, foam, and bubble bags,
which are required to be separated from general waste disposal
according to government requirements, are collected and
transported to different recycling sites by professional and
qualified waste disposal companies. The domestic garbage is
collected and transported to the incineration plant.
The total weight of the Company’s general recyclables in 2024
and 2023 was both 8 tons, and the total output of non-recyclable
waste and domestic garbagein 2024and2023 was26.91tons


























57

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
and 26.13 tons, respectively. In 2024, the volume of garbage
increased by approximately 3% from 2023, mainly due to the
increase in packaging materials for large-scale project
equipment, resulting in an increase in garbage volume. The
Company will continue to reduce waste through various waste
reduction programs to protect the earth and cherish resources, to
reduce waste generation, and to implement waste management
to reduce the damage to the earth, with the annual target of
reducing waste generationby1%.






IV. Social Issues
(I) Does the Company formulate appropriate management
policies and procedures according to relevant regulations
and the International Bill of Human Rights?

V		 (I)
In order to fulfill corporate social responsibility and implement
human rights protection, the Company has formulated human rights
policies with reference to internationally recognized human rights
standards, such as the International Bill of Human Rights and the
International Labor Organization, and has disclosed the relevant
contents on the Company's website, The main policies and
management plans are as follows:
1.Support international human rights conventions:
(1)The Company supports the principles of the United Nations
“Global Compact”, respects international human rights, and
ensures that the Company does not violate human rights
internally and does not share in the violation of human rights.
(2)The Company supports the “goals of the United Nations
Universal Declaration of Human Rights” and the “International
Labor Organization Convention”, which prohibit any form of
discrimination, forced labor and child labor, and impediment to
the freedom of association of employees.
(3)The Company is committed to providing a safe and healthy
working environment for its employees, to continuously
improve the safety and health of the working environment in
compliance with relevant laws and regulations, to prevent
accidents,to reduce the risk of occupational accidents,and to

















None

58

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
protect the safety and promote the physical and mental health of
its employees.
2.Respect human rights in the workplace:
(1)The Company complies with the Labor Standards Act, the
Gender Equality Act, and other relevant laws and regulations.
(2)The Company effectuates diversity in the workplace and will not
discriminate on the basis of gender, sexual orientation, race,
class, age, marriage, language, ideology, religion, party
affiliation, national origin, place of birth, appearance, facial
features, physical or mental disabilities, and will work together
to create a dignified, safe, equal, and harassment-free work
environment.
3.Enforce information security:
In order to protect human rights and privacy, the Company has
established a comprehensive information security management
mechanism and follows strict control regulations and protective
measures.
In 2024, the Company has implemented ethical corporate
management policy promotion, “Partner Business Code of Ethics
and
Anti-Corruption
Training”,“Personal
Information
Management System (PIMS)”, “Information Security”, “Human
Rights Protection”, and internal control related courses and plans
amounted to 5,290 person-times,fora totalof6,455 person-hours.














(II) Does the Company establish and deliver reasonable
employee
welfare
programs
(including
salary,
compensated absences, and other benefits) and adjust
employee
compensation
in
relation
to
business
performance?



V		 (II) 1. Implement reasonable employee welfare measures:
(1)The Company has established the Employee Welfare Committee,
which is responsible for the welfare of all employees, and the
welfare measures are supervised and executed by the Welfare
Committee every year.
(2)The Company's welfare measures mainly include labor, health,
group insurance, employee travel, birthday gifts, beer parties,
year-end parties, welfare products, wedding and funeral subsidies,
child birth subsidies,club activitysubsidies,and health checkups.






None

59

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
These measures are effective in boosting employees' morale.
(3)Various club activities are organized to provide employees with a
balance between work and leisure.
(4)The Company provides group insurance for employees, their
spouses and children. The coverage includes term life insurance,
accidental injury insurance, hospitalization medical insurance, and
cancer insurance.
2. The Company enforces diversity and equality in the workplace and
provides equal promotion opportunities for male and female
employees. In 2024, the percentage of female employees was
31.02% and the percentage of female managerial officers was
20.15%.
3. Reflect business performance or results in employee compensation
as appropriate:
(1)The Company has established reasonable salary and remuneration
measures, a complete performance management system, and a
clear and effective reward and disciplinary system.
(2) Article 21 of the Articles of Incorporation of the Company, as
approved by the Board of Directors on March 12, 2025: If the
Company has earnings for the year, no less than 3% shall be
allocated as employees’ remuneration. Of this amount, no less than
20% shall be distributed to junior-level employees. The
distribution method, either in shares or cash, shall be determined
by resolution of the Board of Directors. The recipients may
include employees of the Company’s controlling or subordinate
companies who meet certain eligibility criteria. The distribution of
employee remuneration shall be reported to the shareholders’
meeting. However, when the Company still has a cumulative
deficit, it shall reserve an amount to compensate it first and then
allocate an amount for employee remuneration according to the
percentage set out in the preceding paragraph.






















60

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
(III) Does the Company provide a healthy and safe work
environment and organize training on health and safety
for its employees on a regular basis?

V		 (III) The Company believes that employees who are physically and mentally
healthy can create efficient and high quality work performance, and
therefore is committed to providing a safe and healthy work
environment for employees, including:
1. The Company has established "Environmental Management
Regulations", and, in accordance with occupational safety and
health related regulations, has formulated the "Code of Practice for
Occupational Safety and Health" and "Safety Inspection
Regulations" to enforce safety and health protection measures.
2. In order to protect and maintain the safety of the office area, the
Company has set up a facial recognition access control system. All
employees are required to wear identification cards when entering
and leaving the building, and a surveillance system is in place to
monitor and record 24 hours a day. Visitors are not allowed to enter
the office area and must be received in the reception area. The main
entrances and exits are guarded by security guards 24 hours a day to
protect the personal safety of our employees.
3. Employees will be briefed on the safety regulations by person in
charge of each unit at the time of reporting for work.
4. In order to effectuate the prevention and control of tobacco hazards,
maintain the hygiene of the office environment and purify the air
quality, and reject the health hazards caused by second-hand smoke.
The Company's offices (areas), meeting rooms, stairwells,
restrooms, dormitories and other indoor areas are all smoke-free
except for the open balcony space and the legal smoking area.
5. The office area is nice and in good condition, and an environmental
officer is assigned to each office area and each floor to supervise the
environmental cleanliness of the area.
6. A complete fire safety system, including alarms, fire extinguishers,
emergency lights, escape lights, escape doors, etc., is in place, and
all equipment is inspected and replaced at least once a year.
7. We cooperate with the fire department twice a year to conduct fire
drills and escaperoute drillsinthe building.
























None

61

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
8. We conduct office carbon dioxide concentration monitoring and
drinking water testing of water dispensers every six months.
9. The building is disinfected every six months and the floor cleaning
and waxing operations are carried out every month; in line with the
post-pandemic prevention measures, the Company continues to
strengthen the promotion of the concept of public health and
cleaning and disinfection. Every day, colleagues and visitors to the
Company are still recommended to wear masks and continue to have
their body temperature measured and hands are disinfected. Alcohol
and antibacterial hand sanitizer is placed at the entrance of each
floor. Antibacterial hand sanitizer is also placed in the pantry.
Alcohol/antibacterial hand sanitizer is also placed in each meeting
room for colleagues and visitors to use.
10. A medical doctor is appointed to visit the company every two
months to provide clinical services and professional nurses are
employed to provide health services for workers, and we
immediately share occupational safety and health related
information in the "Occupational Safety and Health" page, which
includes "Occupational Safety Bulletin" and "Registered Nurse
Bulletin".
11. General safety and health in-service education and training courses
are held every three years by law. In the past three years, in 2023, a
total of 1,266 participants and a total of 3,798 person-hours were
held.
12.By organizing various club activities, employees can not only
enhance their physical fitness and relieve physical fatigue, but also
achieve a balance between work and leisure.
13.Through regular annual employee health checkups and a variety of
health seminars and health education information, employees can
better grasp their health status and have the knowledge and methods
of self-health management.
14.We provide employees with term life insurance and accident
insurance toincrease theirjob protection.
























62

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
15.We provide a family-friendly workplace environment for employees
by setting up a breastfeeding room.
16.The Company has completed fire safety facilities, and conducts
routine employee fire escape drills and related education and
training courses every year to reduce the probability of fire, and
there wasnofireincidentin 2024.


(IV) Does the Company provide its employees with career
development and training sessions?
V		 (IV)In order to cultivate outstanding talents, the Company plans
comprehensive competency training for managers and employees at all
levels each year, based on business operations, business direction, and
future development prospects. This includes new employee training,
professional training, and management training, to assist employees in
continuously learning and growing through diverse learning
approaches. In 2024, the Company established an effective career
development training plan for employees and has also held various
education and training courses on an ad hoc basis. The implementation
of education and training in 2024 is as follows:
1. New employees: To enable new employees to understand the
company's culture and rules and regulations as well as labor safety
and health knowledge, we regularly hold two "New Employee
Education and Training" courses every month, including "Basic
Training Course" and "Safety and Health Education Training
Course".
2. Internal training: Various functional training courses are offered
from time to time.
(1) Sales staff: In addition to the courses on related agency products,
nine SYSCOM product certification courses are held from time
to time, and one major business training is held every quarter.
Note: Each salesperson is required to pass at least 2 product
certifications each year.
(2) Technical staff: In addition to the technical courses offered from
time to time, there are 13 SYSCOM technical certification
courses.



















None

63

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
Note: Technical staff who write programs must hold three valid
certifications, and technical staff who do not write programs
must hold two valid certifications.
(3) Leadership training: Senior/middle-level/junior leader training,
in-person and digital teaching methods, 10 courses.
3. In addition to internal functional training courses, employees may
also apply for external training (including professional technical
certification examinations) according to their needs.
4. In 2024, the Company had 7,422 attendance in internal training and
external training, and the cost of education and training was
approximately NT$6.89million.





(V) Does the Company comply with relevant regulations and
international standards regarding customer health and safety,
right to privacy, marketing and labeling of its products and
services and set up relevant consumer or client protection
policies and complaint procedures?



V		 (V) The Company complies with relevant laws and regulations and
international standards for its products and services to protect the rights
and interests of its customers. The Company reinforces the concept of
rule of law for the protection of customers' confidential information on
its employees and suppliers at all times, and has set up a dedicated e-
mailaddress tohandleissuesrelated to customercomplaints.



None
(VI) Does the Company formulate supplier management policies
that require suppliers to comply with relevant regulations on
environmental protection, occupational safety and health, and
labor rights and request their reporting on the implementation
of such issues?



V		 (VI) The Company has established supplier management policies, which are
mainly as follows:
1.Suppliers must meet its requirements in environmental protection,
safety and health. Before engaging with any suppliers, the Company
should evaluate whether they have records of environmental and
social impacts, in addition to assessing quality, technology, finance,
price, delivery time and service to meet the Company's requirements,
and avoid trading with those that are in conflict with the corporate
social responsibility policy.
2.Suppliers shall sign the "Supplier Commitment" in accordance with
the Company's regulations, strictly abide by ethical corporate
management, sustainable environmental development and protection
of basic human rights, and jointly comply with CSR-related
regulations.
3.The Company’s supplierevaluationprojecthasincluded the










None

64

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
sustainable development evaluation aspect, to promote the
cooperative suppliers to comply with the relevant corporate social
responsibility regulations, exert the corporate social influence, and
promote the economic, social and environmental ecological balance
and sustainable development.
4.Once a cooperative relationship is established between the Company
and its suppliers, both parties shall maintain a stable cooperative
relationship in a mutually trustworthy manner. material projects shall
stipulate the rights and obligations of both parties by contract, and
require suppliers to comply with CSR policy-related laws and
regulations including environmental protection, safety, health issues,
etc., and shall abide by relevant codes of conduct of integrity. If
necessary, suppliers shall be required to provide a declaration or
relevant certification. The Company may terminate or cancel the
contract at any time if any supplier is involved in a violation of the
CSR policy or has a significant impact on the environment and
society.
5.The Company mainly distributes and represents products from
international brands. In addition to ensuring that the Company's
products comply with international standards and regulations such as
the European Union, the Company will include in the evaluation of
suppliers whether they provide relevant certifications, including ISO
9001 quality management system certification, ISO 27001
information security management system, ISO 14001 environmental
certification, occupational safety and health management system
certification, and energy efficiency certification.
6.The Company cooperates with suppliers to fulfill corporate social
responsibility.
7.The Company conducts annual supplier evaluations. Please refer to
the Company's website: Supplier Management for information on
suppliersustainabilitymanagementmeasures andimplementation.





















65

Promotional Implementation Item Implementation Status Implementation Status Implementation Status Difference from Sustainable
Development Practice
Principles for TWSE/TPEx
Listed Companies and
reasons
Yes No Description
V.
Did the company, following internationally recognized
standards or guidelines, prepare and publish reports such as
its Corporate Sustainable Development report to disclose
non- financial information of the company? Has the
company received assurance or certification of the aforesaid
reports from a third party accreditation institution?




V		 1.The Company has prepared the “2023 Sustainability Report” in
accordance with the general standards, sector standards, and material
topic standards issued by the “Global Reporting Initiative (GRI)”. The
report also references the “Sustainability Accounting Standards Board
(SASB)” standards for disclosing industry-specific metrics and includes
a content index mapping the SASB indicators to the relevant sections of
the report.
2.The 2023 Sustainability Report specifies that SGS Taiwan Ltd. was
commissioned to provide assurance in accordance with the AA1000
Assurance Standard v3, Type 2 Moderate Assurance Level. The assurance
was also conducted following the GRI Standards (2021) framework to
ensure the accuracy,reliability, and clarity ofthereport content.









None
VI. If the Company has established the corporate social responsibility best practice principles based on the " Sustainable Development Best Practice Principles for TWSE/TPEx Listed
Companies", please describe any discrepancy betweenthePrinciples and their implementation: None disparity.
VII. Other important information to facilitate better understanding of the company's Corporate Sustainable Development practices:
1. The issue of energy saving and carbon reduction has been the focus of international attention for years, and the technology-based service of energy saving has become an important
development direction in the coming years. In response to this trend, we have developed a "Building Power Saving Management System" for domestic commercial/factory/residential
buildings to establish a power saving service platform with an intelligent management mechanism to provide optimal power usage in buildings and assist owners in managing
building power consumption to achieve the goal of doing our part for the earth.
2. To cultivate outstanding talents and increase industry-academia cooperation opportunities between enterprises and academia, the Company actively participates in sponsoring
scholarships and various activities for academic groups. The Company donated NTD 40,000 for each scholarship in 2024 to the “Cheng Electrical Engineering Cultural and
Educational Foundation” and “National Dong Hwa University”, and donated NTD 50,000 scholarship to the “Private Tamkang University”. In 2024, 29 interns were recruited,
including10 from Chinese Culture University, 5 from Feng Chia University, 4 from Yuan Ze University, 3 from National Taipei University of Technology, 3 from Tamkang University,
2 from National Taiwan University of Science and Technology, 1 from National Taichung University of Science and Technology, and 1 from Chihlee University of Technology
students were provided professional internship opportunities.
3. The main plans for 2025 are as follows:
(1)In terms of corporate governance, we plan to continue the performance evaluation of the Board of Directors and continue to improve the transparency of website information,
and more.
(2) Continue to provide training courses for leaders, sales and technical staff.
(3) Continuously participate in industry-academic cooperation, sponsorship of scholarships and application for research and development alternative military services.
(4) Conduct awareness training courses on Ethical Corporate Management Best Practice Principles, Code of Ethical Conduct, and Trade Secrets for employees.
(5) Continue to promote energy conservationpolicies and conduct occasionalenvironmental inspectionsinaccordance withthe“Environmental ManagementRegulations”and

66

“Safety Inspection Regulations”.

(6) Encourage suppliers to obtain labels or certifications related to environmental protection, quality, and occupational safety and health, and continue to evaluate and manage suppliers.

67

Implementation of climate-related information

Implementation of climate-related information
Item Implementation status
1. Describe the board of directors' and
management's oversight and governance of
climate-related risks and opportunities.		 The Company's board of directors has approved the establishment of a sustainable development promotion team to be
responsible for the formulation and implementation of sustainable development-related policies and systems, and to
review and improve the implementation results. At least once a year, the team will report the implementation plan and
results to the board of directors, including the risks assessment of climate change, mitigation measures and so on topics.
The Board of Directors reviews the strategy and promotion of the plan based on the implementation status, and urges the
promotionteamtomake adjustments wherenecessary.
2. Describe how the identified climate risks
and opportunities affect the business,
strategy, and finances of the business
(short, medium, and long term).		 The major climate risks faced by the Company mainly come from the requirements of key stakeholders such as regulators,
customers and investors for the reduction of corporate greenhouse gases. The opportunities brought about by climate
change are mainly in the aspect of products and services. The Company's short-term strategy is to continuously strengthen
internal emergency response capabilities and reduce possible property losses through insurance. The medium-term
strategy is to continuously improve supplier management. The long-term strategy is to address the supply chain issues
caused by climate change in production and sales strategies.
3. Describe the financial impact of extreme
weather events and transformative actions.		 Financial impacts of extreme weather:
1. Higher demand for resources and higher operating costs.
2. Traffic environment and other factors affect the acquisition of projects and reduce income.
4. Describe how climate risk identification,
assessment, and management processes are
integrated into the overall risk management
system.		 1. Risk assessment practices:
Implemented with reference to the TCFD Standards for Climate-Related Financial Disclosures. The implementation
steps include: identifying risk items, assessing risk levels, and screening major risks. The main measurement methods
are risk severity and risk frequency.
2. Countermeasures:
The Company complies with relevant laws and regulations and refers to the international TCFD guidelines to control
climate risk issues.
3. The Company has established “Environmental Management Regulations” in accordance with the characteristics of the
industry to implement the energy conservation policy, and the Company’s environmental policy is to “comply with
environmental regulations, conserve global resources, and fulfill social responsibility”. In addition to establishing an
environmental sustainability team in the sustainable development promotion team, it is responsible for environmental
protection, green environmental protection, energy conservation and carbon reduction, as well as the identification of
climate-related risk opportunities, as well as the corresponding strategies and goals.
5. If scenario analysis is used to assess
resilience to climate change risks, the
scenarios,
parameters,
assumptions,
analysisfactors andmajor financial		 The Company has not used scenario analysis to evaluate the resilience in the face of climate change risks.

68

Item Implementation status Implementation status
impacts used should be described.
6. If there is a transition plan for managing
climate-related risks, describe the content
of the plan, and the indicators and targets
used to identify and manage physical risks
and transition risks.		 Management approach
Utilize the self-developed
products and process
improvements to provide
remote intelligence and
predictive services, reduce
costs, and improve service
quality.
Agenda Analysis and explanation The impact of the
financial aspect		 Management approach
Impacts of
extreme
weather on
business
operations		 If the temperature rises year by
year, the demand for resources will
increase. Serving customers in
various regions, the quality of
traffic and the environment are
affecting the quality and work
efficiency.		 1. Increase of operating
costs.
2. Poor customer
satisfaction affects the
acquisition of projects
and reduces revenue.		 Utilize the self-developed
products and process
improvements to provide
remote intelligence and
predictive services, reduce
costs, and improve service
quality.
7. If internal carbon pricing is used as a
planning tool, the basis for setting the price
should be stated.		 The Company has not yet used internal carbon pricing as a planning tool. In the future, the planning will be conducted
depending on the regulations, the Company's strategy and operational needs.
8. If climate-related targets have been set, the
activities covered, the scope of greenhouse
gas emissions, the planning horizon, and
the progress achieved each year should be
specified. If carbon credits or renewable
energy certificates (RECs) are used to
achieve relevant targets, the source and
quantity of carbon credits or RECs to be
offset should be specified.		 The Company continues to replace office lighting with energy-efficient lighting to reduce the consumption of purchased
electricity. In the future, the Company will continue to evaluate the energy efficiency of various equipment, and make
energy efficiency improvement the primary consideration for equipment replacement, and promote greenhouse gas
reduction through internal low-carbon education and the promotion of energy conservation and carbon reduction
concepts, and set electricity conservation targets: The head office's power saving target is 1%.
The specific measures are as follows:
(1) Development plans for electricity consumption
A. Revised version of the self-developed power management system - GreenMaker to add the function of project
power consumption.
B. The function of planned electricity consumption includes: forecasting electricity consumption, setting planned
electricity consumption, setting early warning and alert according to the planned electricity consumption, etc.
C. If the power consumption is beyond the plan, alarm will be given immediately, and load reduction will be carried
out immediately.
(2) Inventorying the load-reducing equipment and testing the reduced-load electricity quantity and ratio
A. Inventory of equipment for load shredding and the steps to reduce the load.
B. Test each piece of equipment to reduce the load to save power (for a fixed period of time).
(3) To design standard operating procedures for derating and to conduct regular adjustment and review.

69

Item Implementation status
9. Greenhouse gas inventory and assurance
status and reduction targets, strategy, and
concrete action plan.		 The Company’s greenhouse gas inventory and assurance status and reduction targets, strategy, and concrete action plan.
Description:

1-1 The Company's Greenhouse Gas Inventory and Assurance in the Recent Two Years

1-1-1 Greenhouse Gas Inventory Information

The Company has completed the ISO 14064-1 Scope 1, 2, and 3 inventory and third-party verification in 2024. The greenhouse gas emissions in the last two years are as follows:

follows: follows: follows:
Unit: TCO2e
Year Scope 1 Scope 2 Scope 3 Total Scope of data
2023 140
1,483
320
1,943		 All offices of the Taipei Headquarters, Taoyuan Office,
Hsinchu Office, Taichung Branch, Tainan Branch and
Kaohsiung Branch
2024 45
1,438
514
1,997

  • Note: 1. The Company has completed the third-party verification of ISO 14064-1 for the year 2024, with the certifying rganization being: TUVNORD Taiwan.

  • 2023 was an internal self-examination. The difference between Scope 1 and Scope 3 was mainly due to the difference in 2024 inspection criteria.

1-1-2 Greenhouse Gas Assurance Information

  • A. Scope of assurance: including all offices of the Taipei Headquarters, Taoyuan Office, Hsinchu Office, Taichung Branch, Tainan Branch and Kaohsiung Branch

  • B. Assurance institution: TUV NORD Taiwan.

  • C. Assurance criteria:

Verification of GHG emissions within the organization’s boundary and is based on ISO 14064-3:2019.

The GHG emissions categorization are based on Annex B of ISO14064-1:2018.

  • D. Assurance opinion:

Level of Assurance

The level of assurance agreed are that of reasonable assurance for category 1 and 2;Limited level assurance from category 3 to 6.

  • 1-2 Greenhouse gas reduction goals, strategies and concrete action plans

The Company will continue to evaluate the energy efficiency of various equipment, and will make energy efficiency improvement the primary consideration for equipment replacement. Through the internal promotion of low-carbon education and the promotion of energy conservation and carbon reduction, the goal is to promote greenhouse gas reduction by 1%. For specific action plans, please refer to the Environmental Sustainability section of ESG on the Company's website.

70

  • (VI) Implementation status of ethical corporate management and the differences from the Ethical Corporate Management Best Practice Principles for TWSE/TPEx Listed Companies and the reasons therefor:
and the reasons therefor:
Evaluation Item Implementation Status Deviations from "the Ethical
Corporate Management Best
Practice Principles for
TWSE/TPEx Listed
Companies"andReasons
Yes No Description
I. Establishment of Corporate Conduct and Ethics Policy and
Implementation Measures
(I)
Does the company have a clear ethical corporate
management policy approved by its Board of Directors, and
bylaws and publicly available documents addressing its
corporate conduct and ethics policy and measures, and
commitment regarding implementation of such policy from
the Board of Directors and the top management team?
(II) Whether the company has established an assessment
mechanism for the risk of unethical conduct; regularly
analyzes and evaluates within a business context, the
business activities with a higher risk of unethical conduct;
has formulated a program to prevent unethical conduct with
a scope no less than the activities prescribed in paragraph 2,
Article 7 of the Ethical Corporate Management Best Practice
Principles for TWSE/TPEx Listed Companies?












V
V		 (I) The Company has established the "Ethical Corporate
Management Best Practice Principles", the "Procedures for
Ethical Management and Guidelines for Conduct" and "Code
of Ethical Conduct" as approved by the Board of Directors in
accordance with the Ethical Corporate Management Best
Practice Principles for TWSE/TPEx-listed Companies, to
express the policies and practices of ethical corporate
management, and the commitment of the Board of Directors
and senior management to actively enforcing the ethical
corporate management policy.
(II) 1. The Company conducts its business in compliance with the
Company Act, the Securities and Exchange Act, the
Business Entity Accounting Act, the Political Donations
Act, the Anti-Corruption Act, the Government Procurement
Act, the Act on Recusal of Public Servants Due to Conflicts
of Interest, the regulations for listed companies, or other
laws and regulations related to business practices.
2. The Company has established the "Ethical Corporate
Management Best Practice Principles", which covers all the
prevention measures under Paragraph 2, Article 7 of the
“Ethical Corporate Management Best Practice Principles for
TWSE/TPEx Listed Companies”.
3. The Company has specified the matters that the Company's
personnel should pay attention to when performing business
in the “Procedures for Ethical Management and Guidelines
for Conduct”. The Company prohibits the provision or
receipt of improper benefits and regulates the measures for
handling related activities with a higher risk of unethical
conduct within the scope of business. The Company may
terminate orcancelthe contracts ofsuppliers, contractors or


























None

71

Evaluation Item Implementation Status Implementation Status Implementation Status Deviations from "the Ethical
Corporate Management Best
Practice Principles for
TWSE/TPEx Listed
Companies"andReasons
Yes No Description
(III) Whether the company has established relevant policies that
are duly enforced to prevent unethical conduct, provided
implementation procedures, guidelines, consequences of
violation and complaint procedures, and periodically reviews
and revises such policies?



V		 other partners at any time in the event of unethical conduct,
except for the contractual requirement that the suppliers,
contractors or other partners shall not engage in any illegal
business practices and shall not provide improper benefits
or bribes to employees.
(III) 1. The Company's “Work Rules for Employees” also provides
penalties for dishonest behavior.
2. The Company has established the “Procedures for Ethical
Management and Guidelines for Conduct”, the “Code of
Ethical Conduct”, the “Anti-corruption and Anti-bribery
Policy”and the “Code of Conduct for Anti-Corruption and
Business Ethics and Activities”, which specify the
measures to be observed in performing business and
prohibit the provision or acceptance of improper benefits.
In the course of conducting business, the Company's
personnel shall comply with the Company's ethical
corporate management policies and related regulations and
expressly refuse to offer, promise, request or accept,
directly or indirectly, any improper benefits in any form or
name, including kickbacks, commissions or other means of
offering or accepting improper benefits. In order to ensure
that all employees of the Company comply with the
relevant regulations, the Company has established a
"Whistleblower Reporting Regulations" to prevent
personnel from violating the regulations.
3. In addition to holding regular annual orientations, the
Company also regularly reviews and amends relevant
systems and operating procedures.






















II. Ethic Management Practice
(I) Whether the company has assessed the ethics records of whom
it has business relationship with and include business conduct
and ethics related clauses in the business contracts?
(II) Whether the company has set up a unit which is dedicated to
promoting the company’s ethicalstandards andregularly (at


V
V		 (I) The Company evaluates the ethical management records of its
counterparties of transactions and specifies the terms of ethical
behavior in the contracts signed with them.
(II) The Company has designated the Administration and Planning
Divisionas theresponsible unitforthe promotionofethical



None

72

Evaluation Item Implementation Status Implementation Status Implementation Status Deviations from "the Ethical
Corporate Management Best
Practice Principles for
TWSE/TPEx Listed
Companies"andReasons
Yes No Description
least once a year) reports directly to the Board of Directors on
its ethical corporate management policy and relevant matters,
and program to prevent unethical conduct and monitor its
implementation?

corporate management and is responsible for the formulation
and supervision of the implementation of ethical corporate
management policies and prevention programs, reporting the
performance to the Board of Directors at least once a year and
disclosing the related contents on the Company's website. The
implementation status of the Company’s ethical corporate
management policy:
1.The Company has established the “Ethical Corporate
Management Best Practice Principles”, the “Procedures for
Ethical Management and Guidelines for Conduct”, and the
“Code of Ethical Conduct” in accordance with the Ethical
Corporate Management Best Practice Principles for
TWSE/TPEx-listed Companies, to actively enforce ethical
corporate management policy, to let employees clearly
understand ethical corporate management concepts and
standards, to hold regular dialogues and occasional education
and training related to ethical corporate management, to
promote the principles of ethical corporate management and
require its enforcement.
2.The “Work Rules for Employees” specify penalties for
unethical behavior, and the Company has established the
"Code of Conduct for Anti-Corruption and Business Ethics
and Activities" to require all employees to comply with the
relevant anti-corruption law. No unethical acts occurred in
2024.
3.The Company has established procedures for handling
complaints and confidentiality in the “Whistleblower
Reporting Regulations”, and no complaints were filed in
2024.
4.In 2024, we held training courses related to ethical corporate
management issues, such as "Partner Training on Business
Ethics and Anti-corruption", the "Personal Information
Management System (PIMS)", "Information Security",
"Human RightsProtection"andinternalcontrolcoursesfor




























73

Evaluation Item Implementation Status Implementation Status Implementation Status Deviations from "the Ethical
Corporate Management Best
Practice Principles for
TWSE/TPEx Listed
Companies"andReasons
Yes No Description
(III) Whether the company has established policies to prevent
conflict of interests, provide appropriate communication and
complaint channels and implement such policies properly?
(IV) To implement relevant policies on ethical conducts, has the
company established effective accounting and internal control
systems, audit plans based on the assessment of unethical
conduct, and have its ethical conduct program audited by
internal auditors or CPA periodically?
(V) Does the company provide internal and external ethical
conduct training programs on a regular basis?






V
V
V		 5,290 attendees, totaling 6,455 person-hours.
5.The Administration and Planning Division reported the
implementation status in 2024 to the Board of Directors on
December 19, 2024.
(III) The Company's policies related to the prevention of conflicts
of interest are set forth in the “Procedures for Ethical
Management and Guidelines for Conduct” and the “Code of
Ethical Conduct”. In addition to reporting to the immediate
leader of their departments, employees within the Company
may also report conflicts of interest directly to the head of
the Administration Department.
(IV) In order to enforce the ethical corporate management policy,
the Company reviews all transactions and accounts in
accordance with accounting principles and conducts special
audits for special or questionable cases. The Audit Office has
included the operations of the dishonesty prevention
program in the audit plan, and will conduct audits of each
department from time to time to implement the monitoring
mechanism and control various risk management.
(V) 1.The Company has established relevant operating regulations
for employees to promote and make them clearly
understand ethical corporate management concepts and
standards.
2.The Company will hold awareness educations from time to
time to promote the principles of ethical corporate
management andrequireitsimplementation.


















III. Implementation of Complaint Procedures
(I)
Does the company establish specific complaint and reward
procedures, set up conveniently accessible complaint channels,
and designate responsible individuals to handle the complaint
received?


V		 (I) The Company has established the “Whistleblower Reporting
Regulations” in accordance with the "Ethical Corporate
Management Best Practice Principles for TWSE/TPEx
Listed Companies" to specify the procedures for handling
whistleblower complaints and the related confidentiality
mechanism. No complaints have been filed to date, and the
AdministrationandPlanningDivision is the dedicated





None

74

Evaluation Item Implementation Status Implementation Status Implementation Status Deviations from "the Ethical
Corporate Management Best
Practice Principles for
TWSE/TPEx Listed
Companies"andReasons
Yes No Description
(II) Whether the company has established standard operation
procedures for investigating the complaints received, follow-
up measures after investigation are completed, and ensuring
such complaints are handled in a confidential manner?
(III) Does the company adopt proper measures to prevent a
complainant from retaliation for his/her filing a complaint?


V
V		 handling unit.
(II) The handling procedures and the related confidentiality
mechanism are specified in the Company's whistleblower
reporting regulations.
(III) The Company adopts a protection policy for whistleblowers
and does not subject them to improper treatment due to
theirwhistleblowing.
IV. Information Disclosure
Does the company disclose its guidelines on business ethics as well
as information about implementation of such guidelines on its
website and Market Observation Post System (“MOPS”)?

V		 The Company has disclosed its Ethical Corporate Management
Best Practice Principles on the Company's website, the Market
Observation Post System and Annual Report.

None
V. If the company has established corporate governance policies based on Ethical Corporate Management Best Practice Principles for TWSE/TPEx Listed Companies, please describe any
discrepancy between the policies and their implementation: None disparity.
VI. Other important information to facilitate better understanding of the company’s corporate conduct and ethics compliance practices (e.g., review the company’s corporate conduct and
ethics policy):
In addition to the above, the Company's “Procedures for Ethical Management and Guidelines for Conduct” also govern the following:
(I)
Prohibition of offering or accepting improper benefits
(II) Declaration of the ethical corporate management policy is to the outside world
(III) Ethical corporate management policy with business partners
(IV) Contract specifying ethicalcorporatemanagement
  • (VII) Other important information to enhance understanding of the operations of the Company’s corporate governance: The Company has been continuously improving its corporate governance practices for a long time. Please refer to the information on the Company's website https://www.syscom.com.tw for related corporate governance operations.

75

  • (VIII) Implementation status of internal control system:

  • Internal Control System Statement

SYSCOM COMPUTER ENGINEERING CO.(Stock Code:2453) Internal Control System Statement

Date: March 12, 2025

With regard to the 2024 internal control system, the Company declares the following based on the selfevaluation findings:

  1. The Company is fully aware that establishing, implementing, and maintaining an internal control system are the responsibility of its Board of Directors and managerial officers. The Company has established such a system to provide reasonable assurance for attaining the aims of the effectiveness and efficiency of business operations (including profits,performance, safeguarding of asset security, etc.); reliability, timeliness, transparency of reporting; and compliance with the governing laws and regulations.

  2. An internal control system has inherent limitations. No matter how perfectly designed, an effective internal control system provides assurance to the aforementioned aims only to a reasonable extent. Moreover, due to changes of environments and circumstances, the effectiveness of an internal control system may change accordingly. Nevertheless, the internal control system of the Company is equipped with a self-monitoring mechanism, and the Company takes corrective actions as soon as any fault is identified.

  3. The Company determines the design and operating effectiveness of its internal control system in accordance with the determining factors provided in the Regulations Governing the Establishment of Internal Control Systems by Public Companies (hereinafter referred to as the “Regulations”). The internal control system determining factors specified in the Regulations divide an internal control system into five elements based on its management: 1. Control Environment, 2. Risk Assessment, 3. Control Operations, 4. Information and Communications, and 5. Monitoring. Each element further contains several items. Refer to the Regulations for the aforementioned items.

  4. The Company has adopted the aforementioned internal control system determining factors to examine the design and operating effectiveness of its internal control system.

  5. Based on the findings of the evaluation mentioned in the preceding paragraph, the Company deems that the internal control system as of December 31, 2024 (including supervision and management of subsidiaries), which encompass internal controls for knowledge of the accomplishment degree of operating effectiveness and efficiency, reliability, timeliness, transparency of reporting, and compliance with the governing laws and regulations, are effectively designed and implemented, and reasonably assure accomplishment of the abovementioned aims.

  6. This Statement constitutes the main content of the Company’s annual report and prospectus, and will be made public. Any wrongful act pertaining to falsification or concealment involving the above public declaration will be subjected to legal liabilities under Articles 20, 32, 171, and 174 of, and other regulations relating to, the Securities and Exchange Act.

  7. This Statement was approved by the Board Meeting of the Company held on March 12, 2025, where none of the seven attending directors expressed dissenting opinions, and all consented to the content of this Statemen.

Syscom Computer Engineering Co.

Chairman ： Jui-Fu Liu

President ： Jui-Long Liu

76

  1. Where a CPA has been hired to carry out a special audit of the internal ontrol system, furnish the CPA audit report: None.

(IX) Important resolutions of the shareholders' meeting and board meeting during the most recent year or during the current year up to the date of publication of the Annual Report:

1.Shareholders’meeting: 1.Shareholders’meeting: 1.Shareholders’meeting:
Date Important resolutions Implementation status
2024.06.13
Regular
shareholders’
meeting
1. Adoption of 2023 Business Report and Financial
Statements.
2. Adoption of 2023 earnings distribution proposal.
3. Approval of the amendments to the “Articles of
Incorporation”.
4. Election of directors.
5. Removal of non-competition restrictions on the
newly elected directors.		 1. Implemented in accordance with the resolutions of
the shareholders' meeting.
2.July 17, 2024 was set as the base date for
distribution and August 9, 2024 as the payment
date, and cash dividends of NT$2.4 per share were
distributed in accordance with the resolution of the
shareholders' meeting.
3.The amendments were registered on July 22, 2024
upon approval by the Ministry of Economic
Affairs and announced on the Company's website.
4. List of elected directors:
Jui-Fu Liu, Jui-Long Liu, Po-Wen Wang, Chih-
Chun Liu.
List of elected independent directors:
Chung-Lieh Kuo, So-Yun Cheng, Feng-Chiu Yu.
The registration was approved by the Ministry of
Economic Affairs on July 22, 2024
5. Implemented in accordance with the resolutions of
the shareholders'meeting.
2. Board of Directors
Date Important resolutions
1st meeting in 2024
2024.03.12		 1. 2023 Business Report.
2. Report on the results of performance evaluation of the Board of Directors for 2023.
3. Report on greenhouse gas inventory and verification schedule planning.
4. Review on the qualifications of independent directors by the corporate governance officer.
5. Approval of 2024 business plan and budget.
6. Approval of review matters of the 7th meeting of the 5th Remuneration Committee.
7. Approval of the 2023 profit-sharing remuneration proposal for employees and directors.
8. Approval of the renewal of directors' and managerial officers' liability insurance.
9. Approval of the financial statements and business report for 2023.
10. Approval of 2023 earnings distribution proposal.
11. Approval of the amendments to the “Articles of Incorporation”.
12.Approved of the amendments to the “Rules of Procedure for the Board of Directors’ Meetings”.
13.Approved the amendments to the“Audit Committee Charter”.
14.Approved the“Procedures for the Preparation of Sustainability Report and Assurance”.
15.Approved the revision of the “Internal Control System” and the “Implementation Rules of
Internal Audit”.
16.Approved the re-election of directors.
17.Approved the nomination of candidates for directors (including independent directors).
18.Approved the lifting of non-compete restrictions on the newly elected directors.
19. Approval of the subjects of the 2024 regular shareholders’ meeting.
20. Approval of the acceptance of the proposals of shareholders holding more than one percent of
shares.
21.Approved matters related to the acceptance of nominees for directors (including independent
directors) nominated by 1% shareholders.
22. Approval of the evaluation of the independence and competency and appointment of attesting
CPAs.
23. Approval the list of pre-approved non-assurance services.
24. Approval of the "Assessment of the Effectiveness of Internal Control System" and "Internal
Control System Statement " for 2023.
25. Approval of bank financing lines.
26.Approvalofthe planto serve as the guarantor forbank financing ofsubsidiaries.

77

2nd meeting in 2024
2024.05.09		 1. Report on greenhouse gas inventory and verification schedule planning.
2. Approval of the review of the financial statements for 1Q 2024.
3. Passed amendments to the organizational structure of the "Sustainability Promotion Team" and
establishment of a Chief Sustainability Officer
4. Approval of bank financing lines.
5. Approval of the plan to serve as the guarantor for bank financing of subsidiaries.
3rd meeting in 2024
2024.06.12		 1. Election of the Chairman.
2. Approved the appointment of the 6th Remuneration Committee members.
4th meeting in 2024
2024.06.24		 Determining the ex-dividend date, stock closing date and cash dividend payment date related
matters.
5th meeting in 2024
2024.08.12		 1. Report on greenhouse gas inventory and verification schedule planning.
2. Approval of the review of the financial statements for 2Q 2024.
3. Passed replacement of CPAs and evaluation of the independence and suitability of CPAs.
4. Approved the 2023 Sustainability Report.
5. Approval of bank financing lines.
6. Approval of the plan to serve as the guarantor for bank financing of subsidiaries.
6th meeting in 2024
2024.11.12		 1. Report on greenhouse gas inventory and verification schedule planning.
2. Approval of the review of the financial statements for 3Q 2024.
3.Approved the enactment of “Regulations Governing the Sustainability Information
Management.”
4.Approved the revision of the “Internal Control System” and the “Implementation Rules of
Internal Audit”.
5. Approval of the audit plan for 2025.
6. Approval of review matters of the 1st meeting of the 6th Remuneration Committee.
7. Approval of bank financing lines.
8. Approval of the plan to serve as the guarantor for bank financing of subsidiaries.
7th meeting in 2024
2024.12.19		 1. Report on the promotion of sustainable development.
2. Report on the operations of ethical corporate management.
3. Report on intellectual property management plan and its implementation status.
4. Report on information security policy and management.
5. Report on the operations of risk management policy and procedures.
6. Review on the qualifications of independent directors by the corporate governance officer.
7. Approval of bank financing lines.
1st meeting in 2025
2025.03.12		 1. 2024 Business Report.
2. Report on the results of performance evaluation of the Board of Directors for 2024.
3. Report on greenhouse gas inventory and verification schedule planning.
4. Approval of 2025 business plan and budget.
5. Approval of review matters of the 2nd meeting of the 6th Remuneration Committee.
6. Approval of the 2024 profit-sharing remuneration proposal for employees and directors.
7. Approval of the renewal of directors' and managerial officers' liability insurance.
8. Approval of the financial statements and business report for 2024.
9. Approval of 2024 earnings distribution proposal.
10. Approval of the amendments to the “Articles of Incorporation”.
11. Approval the drafting of the scope for junior employees.
12.Approved the revision of the “Internal Control System” and the “Implementation Rules of
Internal Audit”.
13. Approval of the subjects of the 2025 regular shareholders’ meeting.
14. Approval of the acceptance of the proposals of shareholders holding more than one percent of
shares.
15. Approval of the evaluation of the independence and competency and appointment of attesting
CPAs.
16. Approval the list of pre-approved non-assurance services.
17. Approval of the "Assessment of the Effectiveness of Internal Control System" and "Internal
Control System Statement " for 2024.
18. Approval of bank financing lines.
19. Approval of the plan to serve as the guarantor for bank financing of subsidiaries.

(X) If the directors have different opinions on the resolutions reached by the Board of Directors with a record or written statement made in the most recent year and the current year up to the date of publication of the Annual Report, please state the content of the opinion: None.

78

IV. Information on CPA professional fees:

  • (I) Information on CPA professional fees:
Unit: Thousands of NTD Unit: Thousands of NTD Unit: Thousands of NTD Unit: Thousands of NTD
CPA firm CPA name CPA audit period Audit fees Non-audit fees
(Note)
Total		 Remark
Deloitte & Touche Pei-De Chen 2024.01.01-2024.12.31
2,512		 608 3,120 None

Liu Wen-Ling

  • Note: Non-audit fees include $578 thousand, for tax returns and $30 thousand, for review of full-time employee salary checklist for non-executive positions.

  • (II) The audit fees paid in the year of the replacement of CPA firm is less than the audit fees in the year before the change, The audit fees before and after the replacement should be disclosed and the reasons therefor: None.

  • (III) Where the audit fees have decreased by 10% or more from the previous year, the amount, percentage and reasons therefor should be disclosed: None

V. Information on Replacement of CPAs:

Deloitte Taiwan has appointed Li-Wen Kuo and Pei-De Chen, CPAs of Deloitte & Touche, as the independent auditors of the Company. Due to a change of duties within the firm, the signing of financial statements has been re-designated from the third quarter of 2024 onwards by Pei-De Chen and Liu Wen-Ling of Deloitte & Touche.

  • VI. Any of The Company’s Chairman, President, or managerial officers involved in financial or accounting affairs being employed by the auditor’s firm or any of its affiliated company within the recent year: None

  • VII. Changes in transfer and pledge of shares by directors, managerial officers and shareholders with more than 10% shareholding in the most recent year up till the date of publication of this Annual Report

  • (I) Changes in shareholdings of directors, managerial officers and major shareholders ： Please refer to MOPS https://mops.twse.com.tw/

    • Single Company>Changes in Shareholding/Securities Issuance>Shares Held by Directors and Supervisors/Pledged/Transfers

  • (II) Information on the related party who is the counterparty of equity transfer:

Name Reason for
the equity
transfer		 Transaction
date		 Counterparty Relationship between the
counterparty and the
Company, its directors,
managers and shareholders
holding more than 10% of
the stake		 Number of
shares		 Transaction
price
Chih-Chun Liu Obtained
(Inheritance)		 2024.07.29 Su-Chen Yang Mather and daughter 5,239,673 68.68
  • (III) Information on the related party who is the counterparty of equity pledge: None.

79

VIII.Information on the relationship among the top 10 shareholders if anyone is a related party, a spouse or a relative within second degree of kinship of another:

April 13,2025 April 13,2025 April 13,2025 April 13,2025 April 13,2025 April 13,2025 April 13,2025
Name Current
Shareholding		 Spouse’s/minor’s
Shareholding		 Shareholding
by Nominee
Arrangement		 Name and Relationship Between the Company’s Top
Ten Shareholders,or Spouses or Relatives Within Two
Degrees		 Remarks
Shares % Shares % Shares % Name Relationship
Jui-Fu Liu 18,346,787 18.35%
0		 0 0 0


 Chih-Chun Liu
Chi-Shan Liu
Chuan Gao		 Father and daughter
Father and daughter
Natural person as its major shareholder		 None
Chih-Chun Liu 9,615,240
9.62%		 0 0 0 0


 Jui-Fu Liu
Chi-Shan Liu
Chuan Gao		 Father and daughter
Sisters
Father as major shareholder		 None
Chi-Shan Liu 9,615,239
9.62%		 0 0 0 0


 Jui-Fu Liu
Chih-Chun Liu
Chuan Gao		 Father and daughter
Sisters
Father as major shareholder		 None
Chuan Gao
Investment Co.,
Ltd.
Representative:
Meng-Chih Han		 2,717,497
2.72%		 0 0 0 0


 Jui-Fu Liu
Chih-Chun Liu
Chi-Shan Liu		 The major shareholder
Child of a major shareholder
Child of a major shareholder		 None
Standard
Chartered
International
Commercial Bank
Business
Department in
custody for
JPMorgan
Securities
Investment
Account		 1,755,000
1.76%		 0 0 0 0 None None None
HSBC (Taiwan)
Commercial Bank
Co., Ltd. in
custody for
Mitsubishi UFJ
Morgan Stanley
Securities Co.,
Ltd. Proprietary
Trading Unit
Investment
Account		 1,500,000
1.50%		 0 0 0 0 None None None
HSBC Bank
(Taiwan) is
entrusted with the
custody of
Arcadian
Emerging Markets
Equity Small Cap
Fund Co., Ltd.
Investment
Account		 1,289,000
1.29%		 0 0 0 0 None None None
HSBC (Taiwan)
Commercial Bank
Co., Ltd. in
custody for the
Societe Generale
European Options
Investment
Special Account		 1,132,000
1.13%		 0 0 0 0 None None None
Cheng-Hsiung
Wang		 1,000,000
1.00%		 0 0 0 0 None None None
Chih-Yung Li 601,000
0.60%		 0 0 0 0 None None None

80

  • IX. The total number of shares and the consolidated equity stake percentage held in any single reinvested enterprise by the Company, its directors, managerial officers, or any companies controlled either directly or indirectly by the Company

December 31, 2024

Unit: Shares; %

December 31, 2024
Unit: Shares;%		 December 31, 2024
Unit: Shares;%
Investee
(Note)		 Investment by the Company Investment by directors,
managerial officers, and
any companies controlled
either directly or indirectly
bythe Company		 Total investment
Number of
shares		 Shareholding
percentage
Number of
shares		 Shareholding
percentage
Number of
shares		 Shareholding
percentage
Casemaker Inc. 1,300,000
100.00%
0
0
1,300,000
100.00%
Netmaker Technology Co., Ltd. 2,857,800
86.60%
39,600
1.20%
2,897,400
87.80%
Wisemaker Technology Co. 2,680,450
99.28%
0
0
2,680,450
99.28%
Syscom Computer (Thailand) Co., Ltd. 3,440,000
92.47%
20,000
0.54%
3,460,000
93.01%
Coach Technology Management Inc. 1,950,000
97.50%
10,000
0.50%
1,960,000
98.00%
Syscom International Inc. 7,400,000
100.00%
0
0
7,400,000
100.00%
DBMaker Japan Inc. 5,326
49.89%
0
0
5,326
49.89%
Cloudmaster Co., Ltd. 6,500,000
50.00%
0
0
6,500,000
50.00%

Note: The Company’s investments accounted for using the equity method.

81

Three. Fund raising

I.Capital and stock

(I) Sources of capital:

April 13, 2025

April 13, 2025
Year/
month		 Issue
price		 Authorized capital Paid-in capital Remark
Number of
shares
(Thousands
of shares)		 Amount
(Thousands of
NTD)
Number of
shares
(Thousands
of shares)		 Amount
(Thousands of
NTD)		 Sources of capital Using property other
than cash as payment
of shares		 Date of approval of capital
increase and document
number
1975/07 100 10
1,000
10
1,000		 Establishment None -
1978/07 100 20
2,000
20
2,000		 Capital increase of $1 million
by cash		 None NO. 84015
1979/05 100 100
10,000
100
10,000		 Capital increase of $8 million
by cash		 None NO. 91731
1983/03 100 250
25,000
250
25,000		 Capital increase of $15 million
by cash
None		 Jing-(1983)-Shang No. 10071
1989/01 100 1,010
101,000
1,010
101,000		 Capital increase of $76 million
by cash
None		 Jing-(1989)-Shang No.
003593
1989/12 10 19,500 195,000 19,500 195,000 Capital increase of $94 million
by cash
None		 Jing-(1989)-Shang No.
134024
1990/11 10 60,000 600,000 60,000 600,000 Capital increase of $405
million by cash		 None Jing-Tao-Shen-(1990)-Gong-
Shang-Zi No. 8136
1993/10 10 72,000 720,000 72,000 720,000 Capital increase of $120
million from earnings		 None Jing-Tao-Shen-(1993)-Gong-
Shang-Zi No. 7679
1995/10 10 75,600 756,000 75,600 756,000 Capital increase of $36 million
from earnings
None		 Jing-(1995)-Shang No.
114199
2001/07 10 157,000 1,570,000 88,452 884,520 Capital increase of $128.52
million from earnings		 None Jing-(2001)-Shang-Zi No.
09001269100
2002/07 10 157,000 1,570,000 94,201 942,014 Capital increase of $57.49
million from earnings		 None Jing-Shou-Shang-Zi No.
09101358220
2005/09 10 157,000 1,570,000 100,000 1,000,000 Capital increase of $57.99
million from earnings		 None Jing-Shou-Shang-Zi No.
09401180640

Unit: Shares

Unit: Shares
Type of shares Authorized capital Remark
Outstanding shares Unissued shares Total
Listed on TWSE
(TPEx)
Unlisted on
TWSE (TPEx)		 Total
Registered common
shares
100,000,000		 - 100,000,000 57,000,000 157,000,000 Shares of TWSE-
listed companies

82

(II) List of major shareholders (Name of the top ten shareholders in terms of shareholding percentage)

April 13, 2025 April 13, 2025 April 13, 2025
Shareholding
Name of major shareholder
Number of
shares held		 Shareholding
percentage
Jui-Fu Liu 18,346,787
18.35%
Chih-Chun Liu 9,615,240
9.62%
Chi-Shan Liu 9,615,239
9.62%
Chuan Gao Investment Co., Ltd. 2,717,497
2.72%
Standard Chartered International Commercial Bank Business
Department in custody for JPMorgan Securities Investment
Account		 1,755,000
1.76%
HSBC (Taiwan) Commercial Bank Co., Ltd. in custody for
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Proprietary Trading Unit Investment Account		 1,500,000
1.50%
HSBC Bank (Taiwan) is entrusted with the custody of
Arcadian Emerging Markets Equity Small Cap Fund Co., Ltd.
Investment Account		 1,289,000
1.29%
HSBC (Taiwan) Commercial Bank Co., Ltd. in custody for the
Societe Generale European Options Investment Special
Account		 1,132,000
1.13%
Cheng-Hsiung Wang 1,000,000
1.00%
Chih-Yung Li 601,000
0.60%

  • (III) Dividend policy and implementation status

  • The Company’s dividend policy:

    • (1) Dividend policy as stipulated in the Company's Articles of Incorporation To ensure the Company’s stable growth, sustainable development, and long-term development, the Company considers the its future capital needs and long-term financial planning and distributes dividends with a moderate combination of cash and stock dividends, with balanced and stable dividends maintained, while determining the type, amount, and time of the dividends to be distributed as per the year’s profit, capital budget planning, and capital amount. The Company shall distribute cash dividends at no less than 10% of the total dividends to be distributed in the year; however, if it has more abundant surplus and capital, it may raise said percentage.

    • (2) When distributing the Company's annual earnings as concluded by year-end accounting close, after paying all taxes, the Company shall first make up for prior years' losses and set aside 10% as legal reserve, except that when the accumulated legal reserve has reached the amount of total capital, no further provision shall be necessary; for the remainder, a special reserve shall be set aside or reversed as provided by law, and if there is any remaining balance, dividends can be made in an amount no less than 50% of the current year's profit after tax, provided that no other special circumstances apply.

2. Implementation status:

Dividend distribution proposed at the shareholders' meeting:

The Company’s 2024 net profit after-tax was NTD 306,396,547, of which NTD 28,013,364 was set aside as a legal reserve, and the earnings available for distribution this year was NTD 737,088,025. For the 2024 earnings appropriation, the Board of Directors resolved to appropriate cash dividends of NTD 260,000,000 (NTD 2.6 per share).

  • (IV) The effect of the proposed stock dividends of shares at the shareholders' meeting on the Company's operating results and earnings per share: Not applicable.

  • (V) Profit-sharing remuneration for employees and directors

  • 1.The percentage or range of profit-sharing remuneration for employees, directors and supervisors as set forth in the Articles of Incorporation:

    • (1)Article 21 of the Articles of Incorporation of the Company, as approved by the Board of Directors on March 12, 2025 : If the Company has earnings for the year, no less than 3% shall be allocated as employees’ remuneration. Of this amount, no less than 20% shall be distributed to junior-level employees. The distribution method, either in shares or cash, shall be determined by resolution of the Board of Directors. The recipients may include employees of the

83

Company’s controlling or subordinate companies who meet certain eligibility criteria. The distribution of employee remuneration shall be reported to the shareholders’ meeting. However, when the Company still has a cumulative deficit, it shall reserve an amount to compensate it first and then allocate an amount for employee remuneration according to the percentage set out in the preceding paragraph. 

  - (2)Article 18 of the Company's Articles of Incorporation: The Board of Directors is authorized to determine the remuneration to the Chairman and directors based on their involvement in the Company's operations, the values of their contributions, and the general standard in the industry. All directors may be paid with honoraria depending on the actual situation.

  - (3)The Company's directors are currently paid only with the fixed monthly salary, travel expenses or attendance fees, and no variable remuneration.

  - 2.The basis for estimating the amount of remuneration to employees, directors and supervisors, the basis for calculating the number of shares for employee remuneration distributed in stock, and the accounting treatment if the actual amount distributed differs from the estimated amount: The profit-sharing remuneration for employees and directors for 2024 is estimated based on the provisions set forth in the Articles of Incorporation and is paid in cash and approved by the Board of Directors. If there is any difference between the actual amount and the estimated amount, it will be treated as a change in accounting estimate and will be adjusted in the year of the resolution of the shareholders' meeting.

  - 3.Distribution of profit-sharing remuneration approved by the Board of Directors

  - (1)Distribution of profit-sharing remuneration for employees and directors: The Board of Directors resolved to distribute profit-sharing remuneration for employees of NT$11,500,000 in cash and for directors of NT$0. The proposed distribution amount is not different from the estimated amount of expenses recognized in 2024.

  - (2)The amount of employee remuneration distributed in stock and its proportion to the sum of net profit after tax and total employee remuneration on the parent company only or standalone financial statements for the period: Not applicable.

  - 4.The actual distribution of the remuneration for employees and directors in the previous year (including number of shares distributed, amount and share price), and if it is different from the remuneration recognized, the amount of the difference, the reason for the difference and the treatment of the difference should be disclosed:

  - In 2023, the Company distributed profit-sharing remuneration for employees of NT$10,300,000 in cash and for directors and supervisors of NT$0, which are not different from the amounts recognized in the financial statements.

  • (VI) Share Repurchases by the Company: None

  • II. Issuance of Issuance of Corporate Bonds: None

  • III. Issuance of preferred shares: None

  • IV. Issuance of Global Depositary Receipts: None

  • V. Employee Share Subscription Warrants: None

  • VI. New Restricted Employee Shares: None

  • VII. Issuance of new shares in connection with mergers or acquisitions of shares of other companies: None

VIII.Capital utilization plan and implementation status

  • (I) Contents of the plan

1.As of the quarter up to the date of publication of the Annual Report, the previous issuance or private placement of securities that had not been completed: None.

2.Previous issues or private placements of marketable securities that have been completed within the last three years and the benefits of the plans have not yet been realized: None.

  • (II) Implementation status: Not applicable

84

Four. Operations overview

I. Business activities

  • (I) Business scope

  • 1.Main businesses conducted:

  • (1) E601010 Electric Appliance Construction

  • (2) E603050 Automatic Control Equipment Engineering

  • (3) E605010 Computer Equipment Installation

  • (4) E701010 Telecommunications Engineering

  • (5) E701020 Satellite Television KU Channels and Channel C Equipment Installation

  • (6) E701030 Controlled Telecommunications Radio-Frequency Devices Installation Engineering

  • (7) E701040 Simple Telecommunications Equipment Installation

  • (8) EZ05010 Instrument and Meters Installation Engineering

  • (9) EZ99990 Other Engineering

  • (10) F108031 Wholesale of Medical Devices

  • (11) F113010 Wholesale of Machinery

  • (12) F113030 Wholesale of Precision Instruments

  • (13) F113050 Wholesale of Computers and Clerical Machinery Equipment

  • (14) F113070 Wholesale of Telecommunication Apparatus

  • (15) F113110 Wholesale of Batteries

  • (16) F113990 Wholesale of Other Machinery and Tools

  • (17) F118010 Wholesale of Computer Software

  • (18) F119010 Wholesale of Electronic Materials

  • (19) F199990 Other Wholesale Trade

  • (20) F208031 Retail Sale of Medical Apparatus

  • (21) F213030 Retail Sale of Computers and Clerical Machinery Equipment

  • (22) F213040 Retail Sale of Precision Instruments

  • (23) F213050 Retail Sale of Measuring Instruments

  • (24) F213060 Retail Sale of Telecommunication Apparatus

  • (25) F218010 Retail Sale of Computer Software

  • (26) F219010 Retail Sale of Electronic Materials

  • (27) F299990 Retail Sale of Other Products

  • (28) F401010 International Trade

  • (29) F601010 Intellectual Property Rights

  • (30) G202010 Parking area Operators

  • (31) G903010 Telecommunications Enterprises

  • (32) I103060 Management Consulting

  • (33) I301010 Information Software Services

  • (34) I301020 Data Processing Services

  • (35) I301030 Electronic Information Supply Services (36) I501010 Product Designing

85

  • (37) I599990 Other Designing

  • (38) J202010 Industry Innovation and Incubation Services

  • (39) J303010 Magazine (Periodical) Publishing

  • (40) J304010 Book Publishing

  • (41) JA02010 Electric Appliance and Electronic Products Repair

  • (42) JA02990 Other Repair

  • (43) JE01010 Rental and Leasing

  • (44) ZZ99999 All business items that are not prohibited or restricted by law, except those that are

  • subject to special approval

  • 2.Sales percentage:

Main products and sales percentage in 2024 Main products and sales percentage in 2024
Main products Sales percentage (%)
System Integration Service &
Computer Sales		 77
Computer & Peripheral Maintenance 23
Computer & Peripheral Lease -
Total 100
  • 3.Current products (services) of the Company:

SYSCOM COMPUTER’s services range from front-end planning, design, implementation, overall project management, consulting services, and integrated information system services. Main products/services are as follows.

  • (1) Planning, construction and maintenance services for system integration

  • (2) Planning, construction and maintenance services for securities information management solution

  • (3) Planning, construction and maintenance services for futures information management solution (4) Planning, construction and maintenance services for banking information management solution

  • (5) Planning, establishment, and maintenance of treasury cross-banking business and financial service channel integration platform(BanTalk)

  • (6) Planning, construction and maintenance services for medical information management solution

  • (7) Planning, construction and maintenance services for intelligent bed solution

  • (8) Planning, construction and maintenance services for NIS solution

  • (9) Planning and construction of Network-Cloud network architecture

  • (10) Planning, construction, and design services for telecommunications and enterprise SDDC

  • (11) Planning, construction, and design services for SD-WAN

  • (12) Planning, construction, and design services for SASE solution

  • (13) Planning and construction for AI platform storage system

  • (14) Planning, construction, and maintenance services for telecommunication network backbone

  • (15) Overall planning, design and construction of large data center

  • (16) Customized design of telecommunication network management, information security and continuous configuration solutions

  • (17) Planning, construction and maintenance services for telecom value added service application solutions

  • (18) Smart mobile ticketing system

  • (19) Intelligent operation management system for bus transfer stations

  • (20) Planning, construction, maintenance/continuous configuration services for public service agency shared data center

86

  • (21) Planning, construction, and maintenance of network communication and information security gateway infrastructure for upward centralization of information resources in public offices and their affiliated agencies (organizations)

  • (22) Business application systems and basic service systems for public offices (public affairs manpower management system interface, directory services, document file management, electronic mail, mail security gateway...) Planning, construction and maintenance services

  • (23) Planning, construction and maintenance services for HCI solution

  • (24) Planning, implementation, and maintenance services for cloud-sensitive project collaboration platform and personal virtual workspace solution

  • (25) Construction and maintenance/continous configuration services for new generation security operations (SecOps) information security incident management and information security linkage platform

  • (26) Information consulting services, information security services and manpower outsourcing services

  • (27) Consulting, planning and implementation services for overall information security architecture

  • (28) Overall planning and design for information security (Security) area joint defense

  • (29) Computer facility management outsourcing services

  • (30) Professional consulting services, professional management and maintenance services

  • (31) Planning, construction and maintenance services for cloud database and application system solution

  • (32) SYSCOM cloud computing services and cloud technology integration solutions

  • (33) System performance tuning and testing services

  • (34) Planning, construction and maintenance services for futures information management solution

  • (35) Planning, construction and maintenance services for securities/futures high frequency transactions

  • (36) Service-based Robot,Ayuda

  • (37) E-Government Planning,Construction&Maintenance Services

  • (38) Self-developed enterprise integrated solutions and sales for AI, 5G, information security, big data and cloud applications

  • (39) Mobile Point of Sale

  • (40) Security Information Service Platform/Diamond Guard

  • (41) Security User Interface Program

  • (42) Visa Direct, Mastercard Cross-border, Cross-border Payment Transaction management system

  • (43) Enterprise network architecture and information security architecture solution planning, design, establishment, maintenance services

  • (44) Enterprise information framework monitoring and management product solutions

  • (45) Planning for the paperless system for opening accounts at the OTC market

  • (46) Generative AI (GAI) Common platform planning, development, construction, application and maintenance services

  • (47) Discriminative AI (DAI) Intelligent transportation application system planning, construction and maintenance services

  • (48) Business intelligence and visual dashboard (BI) Consulting and design and construction services, including Power BI and Tableau

  • (49) Citizen Union Cloud - Consulting for digital transformation and development of platform services for public associations such as associations

  • (50) Agentic AI service design

  • (51) E-commerce platform planning and establishment services

  • (52) For more information on SYSCOM's self-developed enterprise integration solutions, please refer to SYSCOM syscomgo website

  • 4.New products (services) planned to be developed (including those under on-going development). (1) Secure Terminal Emulator – DRSE

  • (2) Intelligent service robot - AYUDA

  • (3) DBMaker Change Data Capture (CDC) for Kafka

  • (4) Anti-pandemic service robots

  • (5) OMFLOW Intelligent Automation (IA)

  • (6) Opus One IP Continuous Configuration Management Platform (Version 1.5.6 and 1.5.7) (7) Nursing AI Helper

  • (8) Use AI and Robotic Process Automation (RPA) to improve the efficiency of product problem solving

(II) Industry overview

  1. Current status and development of the industry

With the rapid development of artificial intelligence, accelerating the AI transformation is not only an urgent need for enterprises, but also drives the development of other terminal equipment, information security, cloud applications and even green technologies. IDC forecasts that the trend of Taiwan's ICT industry in 2025 will still revolve around GenAI. GenAI will move from the LLM model to multi-modal AI, driving the rapid growth of the AI platform. And expand the investment in edge IT infrastructure and cloud growth. Furthermore, the growth of AI and edge devices will accelerate the establishment of the new model of MDaaS (Mobile Device as a Service). Enterprises will also start to focus on the establishment of well-defined AI BOM and sensitivity of passwords. AI-driven carbon emission management will become the new mainstream even in response to the introduction of the carbon fee system.

MIC's 2025 forecast for the information and communication industry indicates that AI will profoundly influence the industry's development from top to bottom. Geopolitical factors will drive countries to compete for AI sovereignty and accelerate the fragmentation of the electric vehicle supply chain into U.S.-aligned and non-U.S.-aligned systems. The rapid advancement of AI technology will push human-machine collaboration toward a high level of automation, and the evolution of AI agents will significantly lower the innovation threshold for the general public. With the vigorous development of the semiconductor and AI industries, there will be green business opportunities in deep energy conservation, and promote the faster and diversified development of digital twin and analog generation applications. Furthermore, in 2025, individuals, enterprises, and governments are expected to face diverse and complicated AI risks, and the challenge of digital trust will also have a greater impact on the development of the information and communication industry.

The government's policy goal is to make Taiwan an "Artificial Intelligence Island," building an AI-centric industrial ecosystem, realizing the "AI industrialization, industrial AI," and promoting the digital transformation and application of the entire industry. The Data Development Department plans to "Enhance Investment in AI Innovation Implementation Plan" to accelerate the popularization of AI related applications, and combine the software and information security industries to make the digital economy industry become the new trilliondollar industry by 2026. The MOEA has also set a target for industrial AI applications. It is expected that the AI application penetration rate in the manufacturing industry will reach 50% by 2028, and 80,000 service industries and micro, small, and medium-sized enterprises will adopt AI applications.

  1. Correlations among the upstream, midstream and downstream industries

The structure of the information service and software industry can be viewed in terms of upstream, midstream, and downstream segments. The upstream mainly consists of local and international software suppliers. The midstream includes distributors, agents, and overseas branches established in Taiwan. The downstream comprises information service providers and system integrators. The information services provided by the market participants to meet the needs of end-users such as governments, enterprises, and individuals have formed the territory of the information service and software industry. The scope of services is diverse and covers a wide range of industries. There are information service providers in manufacturing, finance, technology, and other industries to provide corporate customers with solutions and services. System integration refers to the provision of customized information system development services with project features based on user needs, in order to help corporate customers integrate different software or hardware systems so that the systems can work together.

The Company considers the needs of customers from the customers‘ perspective at all time.

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Since its inception, it has been committed to large-scale system integration and information application services, continue to introduce various cutting-edge products and advanced technologies, exert the rich domain know-how accumulated in different fields, and use excellent software development and integration capabilities to provide customers with The highest quality professional information services to assist enterprises in promoting digital transformation and development. Upstream players include domestic and foreign software and hardware manufacturers or agents such as Cisco, Dell/EMC, Fortinet, HPE, VMWare, and more, as well as Google Cloud Services and Microsoft Cloud Services. Downstream covers end-user organizations such as financial institutions, telecom operators, government agencies, medical institutions, transportation, educational institutions, manufacturing industries, and retail distribution.

  1. Development trends and competition of products

  2. (1) Information security

With the acceleration of digitization, data privacy, digital trust and network security have also emerged. According to the report, the demand for digital trust technology is increasing day by day. Enterprises are paying more and more attention to data security and privacy protection. Digital trust has become the key to supporting digital transformation and protecting corporate reputation. According to the Trend Micro report, the three major focuses of information security in 2025 are: AI-driven evolution of old and new threats, transformation of ransomware strategies, and continuous attacks by national-level hackers. Enterprises can use AI to transform into a powerful tool for information security protection, which can be applied to threat analysis, asset management, attack prediction, and corrective guidance to improve defense capabilities.

  • (2) Cloud application services

With the full implementation of the three major international public clouds in Taiwan, enterprises will face significant impacts on future IT strategies, cost-effectiveness, and maintenance and management techniques. Although it is easier for enterprises to adopt a cross-cloud or multi-cloud architecture, they also have to face the consequences of expanding cloud adoption New challenges. According to IDC, enterprise adoption of multi-cloud strategies is already underway. By 2025, the value of Taiwan's public cloud market is expected to reach USD 2.782 billion, with the IaaS market showing the highest growth rate and the SaaS market holding the largest share. It is anticipated that by 2027, Taiwan's IaaS market will grow to USD 1.731 billion, with a compound annual growth rate (CAGR) of 22.6%.

  • (3) Artificial Intelligence (AI)

AI has brought revolutionary breakthroughs to the industry, and various industrial fields are also looking forward to introducing AI to improve industry performance. Therefore, in the future, the reliability, trustworthiness, and security of AI will also receive more attention. The applications of Generative AI (GAI) are flourishing. Not only is the continuous evolution of multi-modal large language models (LLMs) driving innovation, but the formation of comprehensive technology toolchains and the rise of agent-based AI are also reshaping software development. These advancements are expanding enterprise demand for cloud adoption, triggering a qualitative transformation in the digital workplace, and enabling a wider variety of practical applications across different industries.

  • (4) Smart healthcare

By 2025, Taiwan will enter a super-aged society, where 1 in 5 people will be an elderly population on average. At CES in 2025, digital health-related businesses used digital equipment and smart technology to provide more diverse and accurate physiological signal sensing technologies, AI analysis technologies that integrate multiple data, and a combination of software and hardware. Develop scenarios such as smart health care and smart telemedicine to create a diverse and healthy future for individuals.

(5) Service robots for commercial use Service robots, enhanced by generative AI, are gradually evolving toward higher mobility, stronger companionship, and more diverse functionalities. They are capable of supporting multi-modal interactions, information retrieval, text summarization, scheduling, and more. These capabilities highlight their high mobility, strong interpersonal engagement, and broad functional range, positioning them as a key focus in the near-term development of robotics.

  • (6) New smart services derivative from smart cities

The Executive Yuan actively promotes “Smart Taiwan” so that citizens can enjoy the

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benefits of smart technology. Smart city refers to the use of data, communication and technology to improve urban problems. The scope of application includes six major areas: Smart environment, smart transportation, smart life, smart citizens, smart government, and smart economy. Through smart networking, cloud computing, big data, mobile internet, smart terminals and other information technologies, it is applied to the power system, water supply system, transportation system, buildings and oil and gas pipelines, factories, offices, homes and other production and manufacturing or living system in order to enhance people’s work efficiency and quality of life.

  • (7) Green/sustainable IT

As governments and regulations around the world have become more stringent on corporate sustainability, in order to achieve sustainability goals, companies must increase investment in innovative solutions that meet ESG requirements. Taiwan's carbon fee system will be officially launched in 2025, urging enterprises to accelerate the adoption of a systematic approach to establish a carbon cost management mechanism and reduce the impact of the carbon fee on operations. The one-stop carbon management platform for enterprises is divided into three categories: carbon inventory, carbon reduction and carbon trading; in terms of development, we will gradually establish an AI-driven onestop carbon management platform to connect carbon inventory, smart analysis and action Realize carbon emissions trading and investment.

  • (8) Outsourcing services

In response to the wave of digital transformation and the structural change in the IT labor market, "outsourcing IT service" has become the primary choice for business managers. Organizations around the world have realized the importance of IT to corporate development. The software development industry will continue to grow rapidly, especially in the fields of AI and ML, where there is room for continued output of technical talents. The rapid transformation of the business model to accommodate new technologies such as artificial intelligence (AI), Internet of Things (IoT), robotic process automation (RPA), blockchain, and deep learning is expected to drive market development.

  • (III) Technology and R&D overview

  • R&D expenses for the most recent year and for the current year up to the date of publication of the Annual Report

he Annual Report
Unit: Thousands of NTD
Year Amount As a percentage of
operating revenue
2023 242,585
3.80%
2024 239,934
3.46%

  • 2.Technologies and products developed in the most recent year and in the current year up to the date of publication of the Annual Report

  • (1) DBMaster DataBase

Develop DBMaster DataBase, combine multimedia and Internet ISV (Independent Software Developer) database requirements, provide Japanese software developer version, develop Indexing Locking function, integrate Japanese search engine and security control mechanism, and develop related electronic solutions.

  • (2) DBMaker CloudDB

Develop DBMaker CloudDB to meet the needs of cloud service SaaS (independent software developer) database, provide cloud developer version, develop cloud connection interface (Cloud ODBC) function, integrate cloud search engine and security control mechanism, and develop related cloud solutions.

  • (3) DBMaker BigData DB

Based on the core technology of the existing database system, we extend the core engine for huge amount of data, so that it has both SQL and No-SQL data storage and management capabilities.

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(4) RFID Intelligent Traffic and Transportation Platform

Through RFID identification, integrate gates, card readers, ticketing displays, passenger information, human voice broadcasting, license plate recognition, RFID, induction coils, LED warning lights, joint ticketing and automatic ticketing machines, etc., and integrate related information into one map control system, with back-end systems for passenger and vehicle dispatch management, financial accounting and personnel, cost analysis, etc., all the way to computerized ticketing at each ticket station, PDA scanning line uploading, etc., providing a new generation of intelligent transportation platform

(5) CMMI Solution – SDPM

In the process of electronic enterprise process, personnel in each work unit can be recorded according to their different work nature and content, and the platform can be used to review the project schedule and submit project work progress for individual work management, project management, and supervision and performance evaluation by direct supervisors. In view of the approaching tablet world and the increasing diversity of user devices, it is impossible for organizations to expand their electronic data collection due to the limitation of old technologies. Use the .NET development framework, not only to enhance the userfriendliness of User Interface and the commonality with other tools, but also to provide firsthand online data feedback with the project management tool module as the basis for decision support.Also develop a WCF architecture on Microsoft Azure, which supports local key-in to the connected server and then aggregates back to the headquarters in a fixed time and place, and integrates back to the headquarter in the form of data storage, so that the headquarters can command from a thousand miles away.

(6) Health Examination Management System

The trend of medical services has shifted from passive diagnosis and treatment of diseases to more aggressive treatment of diseases before they occur, and health examination has become one of the main sources of income for medical institutions. SYSCOM's Health Examination Management System is designed to meet these needs, with an intelligent processing mechanism that automatically connects all aspects of booking, scheduling, billing, report editing/data compilation/reporting, and a full range of custom development services to comprehensively and quickly integrate patient health information, fully utilizing the advantages of health examination centers/medical institutions' high-standard medical resources to build the most complete health examination information service solution.

(7) Next Generation Healthcare Information Syscom

The Next Generation Healthcare Information Syscom (e-Healthcare) is a next-generation medical information system designed and developed to integrate the needs of medical administration, examination/testing, nursing operations, business decision making, and medical imaging. The e-Healthcare adopts SOA service-oriented architecture design to construct a standard development operating platform for medical systems; the construction of paperless workflow and the construction of an automated audit mechanism will enhance the efficiency of the overall use of medical resources and optimize the effectiveness of hospital workflow. The e-Healthcare is highly scalable, flexible, and customizable, and its complete operational functions fully satisfy the practical needs of every aspect of modern hospital operations.

(8) Futures Risk Control Rapid Mid-End System

Adopt Linux server platform, high performance in-memory design, innovative parameterized and modular design, and provide complete risk control and flexible customization design, and integrates with NSK back-office billing system, covering the following functions:

  • a. Trading functions: order/transaction/closing, order deletion/volume change/price change/long/short, multiple orders, SPAN/optimization (virtual group), ROD/FOK/IOC, hedge/funding/stock selection, part split/group, USD gold commodity, option hybrid commodity, parent/child account/instant inquiry account.

  • b. Monitoring and management functions: PVC monitoring and commissioning, Log inquiry, automatic time calibration with the exchange.

  • c. Abnormality handling function: automatic last inquiry, automatic return on transaction for broken lines, Fail-Over mechanism.

  • (9) Securities Risk Control Rapid Mid-End System

Adopt Linux server platform, high performance in-memory design, innovative parameterized

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and modular design, and provide fast order placement, complete risk control and flexible customization design, and integrates with NSK back-office billing system, covering the following functions:

  • a. Risk control functions: General trading, zero shares, after-hours pricing, new orders for auction, volume change and deletion, common stocks, ETFs, warrants, securities borrowing and selling risk control, risk control can flexibly choose risk control / no risk control / forced risk control, inventory, quota can be controlled according to sub-account / external account / group hierarchy, Gateway inter-trading transfer back, into back, notification of intraday movement operations.

  • b. Order placement interface: Login, order placement, two-stage report, supplemental report, disconnection notification.

  • c. Query functions: Query the subaccount and external account's stock account's order limit, various settings and total transaction details of the day, query the subaccount and external account's stock account's stock account's order limit, various settings and total transaction details of the day, current day account and external account's order transaction details and transaction details.

  • d. Modify functions: Mandatory order deletion, investor movement processing, BASE data file adjustment, investor inventory RELOAD, mandatory order deletion inquiry, movement data inquiry.

  • e. Monitoring functions: Show the normal variation by red and green lights, monitor the status of TradePass running programs in multiple centers at the same time, wind control module Thread running status Queue status, automatically detect the program and restart it, or manually start/stop, selectable warning sound files, and set the monitoring interval.

  • f. Abnormality handling function: automatic last inquiry, automatic return on transaction for broken lines, fail over mechanism.

(10) NCBS

Plot the overall NCBS solution to meet the current financial environment and internationalization trend to meet customer needs and enhance the quality of service.

Nowadays, banks using NONSTOP Server have changed their business model from providing funds to providing services for profit. The information system must not only support the financial related business, but also meet the diversified needs of customers, directly target the customer base and understand the needs of customers to create a competitive niche. Therefore, the development direction of banks must be closely integrated with their core systems in order to provide customers with unlimited location, time and high value-added financial transaction activities and services; and in order to achieve this goal, banks actively understand various financial-related information technology and the growth trend of the domestic and international financial environment. In order to achieve this goal, banks are actively understanding various financial related information technologies and the growth trend of the financial environment in Taiwan and abroad.

In view of this, we have reviewed our strategic positioning, explored new service opportunities, and changed our current core system design framework from a traditional transaction-oriented system design framework to a customer product-oriented system design framework, in order to meet the needs of banks and utilize information technology for internal process and organizational transformation, so that banks can enhance their operational management capabilities. The functions encompass:

  • a. Transaction modules: CIF, incident setting and maintenance, product pricing, product promotion, summons authentication format setting, quota control and handling fee setting, transaction message management, and operation authority management.

  • b. Operation systems used: CIF system, deposit system, time system, integrated deposit system, bill collection system, lending system (transfer to overdues for collection, bad debt), integrated loan system, accounting system.

  • c. Transaction account platforms - Q File/ On-Line & Batch Long Stady Process 。

  • d. Information center batch operations.

  • e. Various management reports.

  • f. Operations privilege management - operator privilege setting, password setting and change mechanism (lock, unlock, suspend, resume).

  • g. Branch systems: Web Page Design UI, its functions: Registration/Multi-Channel, teller sign-in, screen protection, transaction menu, favorite, supervisor authorization (self, remote authorization), different transaction forms handling.

  • h. Transaction history and history data retention.

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(11) NETCenter

NET Center is an IT monitoring and management software developed by Syscom, which helps IT administrators to fully control the status of the IT architecture and information management solutions. It helps enterprises to flexibly face various information challenges and effectively manage the increasing number of network devices. In the latest version, the ten major functional modules are re-defined so that users can jump out of the original IT (information) vision and expand to the Security (information security) level, and Business (operation) and other three-way integration management. An “All-round enterprise war room” needs to be built and the following new functions should be developed:

  • a. DNS monitor function

  • b. Content verification rules

  • c. VM alarm function

  • d. Firmware history

  • e. F5/QOS file list

  • f. SFP optical transmission power monitoring module

(12) GreenMaker

Energy saving and carbon reduction has been a common goal of governments in recent years, and is one of the government's policy objectives. Enterprises around the world have been actively using ICT to promote energy saving and carbon reduction solutions in recent years. SYSCOM COMPUTER has developed a power saving service platform with intelligent management mechanism to provide optimal power usage in buildings, factories, and shopping malls to help owners manage building power consumption.

(13) Payment Information System

The agencies under the county and city governments convert payment vouchers, transfer vouchers, balance transfer vouchers, expense recall documents, and check cancellation applications into electronic payment documents, and use the electronic operating system for review and send them to the finance bureau of the county and city governments through the telecommunication network for treasury payment or account processing operations. This operation includes the finance bureau, the appointed banks by municipal treasury and the payment agencies, and the payment of fees will be made in more convenient and secure manner through this system.

  • (14) Mobile Point of Sale

The birth of the smartphone has destined to change the financial industry. After six to seven years of alternation, banks of all sizes have confirmed the undeniable fact that banking services need to go mobile. The success of the initial move to APPS for banking inquiry services was like a shot in the arm for mobile banking, and helped acquirers take a big step toward mPOS and establish a mPOS business. The mPOS business is a revolution in the field of acquiring, which makes the consumer card spending process faster, easier and safer. Checkout no longer happens at the checkout counter; it's an instant checkout wherever consumers are. There are 3 main plans for the mPOS system we developed:

  • a. Provide a Bluetooth-connected card reader for accessing credit card information

  • b. Use mobile devices such as iOS and Android smartphones or tablets to enter the purchase amount and the cardholder's signature on the APP.

  • c. The mPOS system built by SYSCOM COMPUTER receives the purchase information, obtains the authorization result, and displays the final card spending result on the APP.

(15) Azure CSP Intelligent Cloud Management System

Provide the contract partners of Azure CSP (Cloud Smart Portal) with contract management and billing analysis through this system. Also provide value-added services to customers.

  • (16) Security Information Service Platform/Diamond Guard

The Executive Yuan promotes risk management as the core of information security protection to help solve the information security problems faced by various sectors in Taiwan. The current problems faced by a number of sectors are that they only have monitoring and control, but lack a joint prevention mechanism to deal with information security problems, without an automatic response notification, and integrated operation process. Therefore, Managed Detection Response (MDR) and Security Operations analytics platform architecture (SOAPA) have become the current trend of information security technology development.

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Under the guidance of national security policy, the top and foremost goal is to have products independently developed in Taiwan. As there is no other product in Taiwan that meets the requirements, the product of this project will be the first and only one in the country when it is completed.

The objectives and expected benefits of the launch of this product, SISP, are:

  • a. Integrate the functions of traditional SOC (SIEM) and new generation SOC products

  • b. Establish information security awareness (dashboard) and security threat warning lights

  • c. Offer intelligent ISO management tools to help customers build information security PDCA standard operating process

  • d. Satisfy the needs of the three major operating mechanisms of customers: ISAC, SOC, and CERT

  • e. Assist large customers to build information-driven cross-organizational contingency and joint defense system

  • (17) Cloud-Based Cross-Border Project Management Service

In response to the changing international business landscape and the pressure of managing employees from different countries and cultures, project development and order taking, as well as focusing on cost and efficiency, we plan to utilize Microsoft Cloud OS to build a cross-country Commercial Hybrid Cloud, using Microsoft Azure to eliminate the cost of purchasing large amounts of software and hardware. In addition, because Microsoft Azure adopts the system automation maintenance mode, it can solve the problem of subsequent hardware and software maintenance, and at the same time, it adopts Web Sites, Cloud Services and Cache solutions for cloud services respectively.

The innovation lies in the design of Cloud Services with a multi-tier architecture, which not only provides better load balancing mechanism and status monitoring, but also allows performance and connection monitors to configure services at any time according to different needs, such as expanding Web Role to increase the individual maximum load of network connection, or expanding Worker Role to increase the individual performance of instantaneous computation (when complex computation of large amounts of data is required), to enhance what cannot be done in a single-tier structure.

(18) Continuous Configuration Platform (Opus One)

Network technology is generating more and more rapidly IT equipment management information is becoming more and more complex, that is, the table needs to update the automation analysis and management tools to integrate the current different nature and a large amount of information for comparison and analysis, and must be integrated into the concept of service management to provide “network application services” status intuitive information, so that managers directly understand whether the current service is normal to make immediate judgments to reduce the service barrier time.

The Opus One IP Continuous Configuration Management Platform is planned to integrate network management information such as network devices, system hosts, information security systems, events and flows, with rule analysis and process engine functions to set up Opus One monitoring work according to the administrator's management logic to perform automatic analysis functions similar to human intelligence. In addition to quickly providing abnormal information, asset and maintenance processing data, it is also planed to add automatic control functions such as automatically activating redundant equipment, turning on the network and notifying vendors so that “network application services” can quickly return to normal functions.

(19) Patrol box electronic

Patrol box electronic uses the mobile carrier's camera to take a picture of QR code or scan NFC Tag automatically, and then displays QR code/NFC Tag details (including unit, patrol line, patrol box, address, latitude and longitude, and misalignment). After pressing OK to punch the card, the QR code/NFC Tag related information, the current GPS location of the carrier and the compressed photo will be uploaded to the back-end platform. The back-end management platform provides QR code/NFC for patrol box tagging, and the produced QR code/NFC is fully or partially encrypted, and the patrol points can be set by Google Map, and provides statistical analysis of related business data to produce reports, simplifying the existing paper patrol tags and achieving the goal of energy saving and paper reduction through comprehensive electronicization.

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  • (20) Intelligent Analysis and Decision Support System

Given that most of the suspects have a tendency to repeat crimes, the crime scenarios between different cases and at different points in time are of mutual reference value. The database of people, vehicles, events, times, places, objects, and cases are added to the database of interpersonal relationships, criminal history, communication habits, and Internet behavior for cross-referencing.

  • a. The one-way vehicle transportation method often used by car theft syndicates is analyzed to keep track of suspicious vehicles, and the track reconstruction system is used to track vehicle tracks, trace the suspects' habitat, and take the initiative to attack.

  • b. It can be used to track down fraudulent withdrawal hotspots, and to track down possible accomplices in the vicinity of the call area with call records and other functions to get more information when police are working on a case.

  • c. Security spot analysis, security hot spot change analysis and regional information analysis and other crime mapping provide a flexible environment, convenient query conditions, so that investigators can obtain dynamic and static information to facilitate investigators to carry out advanced analysis.

  • (21) Intelligent service robot-AYUDA

The Syscom intelligent service robot Ayuda has been researched and developed for many years. Since the emergence of generative AI technology at the end of 2022, the Ayuda service robot has been equipped with the R&D capabilities, and the added value of using generative AI will drastically change the service robots to become smarter and more humanized. The series of products developed by the Syscom intelligent service robot (as shown below):

  • a. Ayuda

  • ⚫ Mobile, head and hand movable

  • ⚫ Human detection, face recognition

  • ⚫ Voice recognition and answering questions

  • ⚫ Video connection and remote monitoring

  • ⚫ Self-built maps and guided cruise

  • b. Ayuda Cute

  • ⚫ Provides face recognition and card swiping for body temperature measurement

  • ⚫ Provide back-end management of face recognition data and employee measurement data

  • ⚫ Abnormality can be reported through Line

  • ⚫ Provide customized API concatenation function

  • c. Ayuda Nano

  • ⚫ Used for access control, providing face recognition, card swiping, body temperature measurement

  • ⚫ Streamlined form factor to reduce costs

  • ⚫ Provide face recognition, card swiping in series with the access control system to open the door

  • ⚫ The function of measuring body temperature (Option)

  • d. Ayuda Nano Super

  • ⚫ Provide face recognition, mask detection, and body temperature measurement functions

  • ⚫ Travel history inquiry function

  • ⚫ Provide check-in records with health insurance card, ID card

  • ⚫ Provide card readers, Barcode Reader, printers and other input/output devices

Adopting the widely accepted international standard ROS (Robot Operation System) in the robotics field, integrating the professional systems that have been established by Syscom, such as police administration, medical care, banking, and more, to innovate value-added applications and build a professional service robot in the field. The emergence of generative AI has made service robots even more powerful. The generative AI solution of Syscom, NeoChain, acts as a middle layer between human beings and generative AI. This middle layer is pre-processed and embedded with the enterprise’s own knowledge database, including documents, web pages, forms, and more. When a user asks a question, the generative AI first determines the user’s intention, and the middle layer finds the correct answer first, and then summarizes the response through the generative AI, repeatedly asking the generative AI through Prompt to obtain the final and accurate answer.

  • (22) AI Imaging Expert Platform VIAMaster

The technical core value of the “AI Imaging Expert Platform VIAMaster” lies in the

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development of artificial intelligence applied to image recognition and solutions for rapid training, rapid deployment, and real-time application. Rapid cross-matching and analysis applications using image analysis technology to enhance public domain security. In the future, we can further integrate and cooperate with private security service, surveillance industries, and financial industries to implement the technology of this solution in smart security applications such as public safety, and combined with the wearable camera images returned by real-time analysis and identification can help reduce manpower, the intelligentization of security work, and continue to add applications to new areas, such as job site security monitoring, road traffic monitoring, and pedestrian flow safety monitoring at shopping mall transfer stations.

(23) SERVICE Online

The new version of the “SERVICE Online” is developed to meet the needs of information security issues and the mobile version of user forms. This development also includes the development of a flow module (SYSCOM Flow Engine) to replace the currently used outsourced flow engine (Agent Flow). Including:

  • a.SERVICE Online: In addition to providing the existing functions and optimizing the operation interface, it also addresses the information security issues. Use .Net MVC framework for modularized development, which can also reduce future maintenance costs, improve system maintainability, and provide sustainable services.

  • b. SASP mobile platform: Based on the current SASP platform, the SASP mobile platform is developed to facilitate engineers to create customer problem lists via mobile devices, assign problems and report progress, and improve the quality and speed of customer problem handling.

  • c. SYSCOM Flow Engine: In addition to satisfying the use of the new version of SERVICE Online, the SYSCOM Flow Engine will replace the flow engines used by other subsystems in the future to enhance the R&D capability of self-produced products.

(24) OMFLOW

OMFLOW is a software product developed by SYSCOM COMPUTER in response to the needs of digital integration applications. It is suitable for IT maintenance management, business form flow, system integration and interfacing, and various other individual or hybrid applications.

The social media version of OMFLOW provides users with unlimited access and open access to source code. The social media version does not have any restrictions on personal use. The following features are included:

  • a. Personal dashboard

  • b. Centralized task management

  • c. Process design engine

  • d. Python core engine

  • e. Social media process download

The enterprise version of OMFLOW has not only the social media process download, but also the official process developed by SYSCOM for users to download. In addition, the following enterprise features are available:

  • a. Decentralized computing

  • b. Data collection

  • c. Information Continuous Configuration Management

  • (25) Technical Service Management(TSM)

The software development projects undertaken by SYSCOM are managed through the selfdeveloped software project management platform-SDPM, which has been very effective in improving the quality of project management and has been recognized by the National Quality Award.

The development of this project will replicate the successful experience of the software project management platform to the technical service project management, project management of customer's equipment installation, maintenance and warranty, through project process management, contract execution management, progress tracking of various work forms, and related reminders/alerts sent to improve the quality of service to customers. Function modules:

  • a. Cost estimation and project authorization

  • b. Project planning and contract management

  • c. Project monitoring

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  • d. Project cost analysis and forecast

  • e. Department capacity analysis and forecast

  • f. Project revenue analysis and forecast by department

  • g. Capacity profitability analysis by department

  • h. Compliance with current information security regulations Innovative features:

The latest international standard for information services, ISO20000:2018, and capacity utilization are incorporated into this system to create an innovative hardware/system information service management system that reduces costs, improves performance, and enables more efficient use of resources.

  • (26) Hyper Automation Log Archiving Management System

The completeness of the logs kept in past information security incidents is important for the clarification of the truth and the remediation of the vulnerability after the incident, therefore, different requirements will be derived for the archiving, retention period management, and anti-corruption of the logs. The "Hyper Automation Log Archiving Management System" incorporates the entire archiving operation, including: archiving application, account management, log upload schedule setting, upload result notification, emergency upload, storage space management, etc. It is a centralized, cross-platform, highly automated, highly efficient, highly secure and highly It is a centralized, cross-platform, highly automated, high transfer efficiency, high security and high portability log archiving system.

(27) SECURITY USER INTERFACE PROGRAM

Based on the specifications of interbank transaction encryption and decryption, the standard security control API is developed to provide the application systems of all parties to use the encryption and decryption functions of HSM through a single interface. The HSM (Hardware Security Module) can also be customized to be compatible with existing application systems and different brands of HSM (Hardware Security Module), and provide source control mechanism (ACL) to meet the requirements of financial examination and internal audit of banks in Taiwan.

  • (28) Visa Direct, Mastercard Cross-border, Cross-border Payment Transaction management system

According to the Visa Direct and Mastercard Corss Border launched by the members of the international card organizations, the system is developed to facilitate the financial institutions' customers to use cell phones, Internet banking and other mobile devices to remit small amounts of money quickly to the designated accounts through the global network of card organizations with low handling fees.

  • (29) Big data database multi-level dynamic column R&D project

  • a. Support for Multiple Level Dynamic Column (MLDC) and Json Path due to the advent of new technology trends such as Big Data and IoT, there is an increased demand for storing and analyzing large amounts of different types of data with high variability, and it is important to look for price trends, data models, and predictions of consumer behavior from huge amounts of data as a reference for decision-making. This project especially provides flexible multi-level dynamic fields and JSON PATH, which can be added at any time and in real time to multi-level data fields, such as sub-item data, so that the data access can have richer layers, become more flexible and convenient.

The multi-level dynamic column of this project uses an easy-to-configure and extensible Lua module to serialize the data treemap, data encapsulation, and data encoding on multilevel data, and can quickly sort the data structure to improve data readability, and it can achieve the data complexity of O(h) (h is the height of the structure tree), and has data security.

  • b. Aggregate Function

In terms of data analysis, the statistical summary function is provided to obtain the maternal standard deviation (STDDEV_Pop), sample standard deviation (STDDEV_SAMP), maternal variation (VAR_Pop), and sample variation (VAR_SAMP) from big data to assist in the subsequent establishment of statistical models and trend forecast.

In addition to providing statistical summary functions, it also allows users to write complex aggregation functions easily for application in more statistical analysis and OLAP operations, making it a powerful tool for big data analysis.

  • ⚫ STDDEV_POP: Maternal standard deviation

  • ⚫ STDDEV_SAMP: Sample standard deviation

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  • ⚫ VAR_Pop: Maternal Variation

  • ⚫ VAR_SAMP: Sample variation

  • (30) Java Database Connectivity Native Protocol Driver Interface R&D Project

The JDBCType4 database with direct-to database-driver, also known as the pure Java driver interface, provides the following functions:

  • a. Database connection: The Type 4 driver interface allows the Java application to establish the connection with the relational database. This is its most basic function, which enables the application to access and operate the data in the database.

  • b. Cross-platform: Since Type 4 driver interface is pure Java, it can be run on various operating systems to achieve cross-platform. This enables developers to write highly portable code without worrying about compatibility issues on different platforms.

  • c. High performance: The Type 4 driver interface directly transmits the request of the Java application to the database without the need for a middle layer or a local client. This reduces the communication and processing overhead and improves the performance of database operations.

  • d. Simplified configuration: Type 4 driver interface does not require client installation, thus, they reduce the configuration requirements of application programs. This simplifies the deployment process and reduces potential issues.

  • e. Security: The Type 4 driver interface can implement security, including identity verification and authorization mechanism, to ensure that only authorized users can access the database. It also supports network transmission encryption to improve database security.

  • f. Ease of development: Type 4 driver interfaces usually provide intuitive and simple API, which enable developers to establish database connections, execute SQL queries, and process data more easily. This helps to improve development efficiency.

  • (31) Hyper Automation Scanning Task Framework

Provide a reusable, hyper automation scanning task framework that can effectively reduce the use of scanning OP manpower and shorten the scanning process. Whether it is for information security reasons, an information security inspection tool is used to scan all files in a project. Or to reduce legal risks, use scanning software is used to scan all free and open source software for all files of the project, all of which the following common features: scanning application, file uploading account setting, notification of encryption and uploading method, automatic downloading, automatic decompression, automatic scanning and sending of scanning reports, etc. All the above operations are included in this framework.

  • (32) DBMaker database management system

The DBMaker relational database system, from the basic database functions to multi-language fulltext search, is specially innovative and developed with approximate and Fuzzy queries, multimedia file object framework, and unique DCI COBOL solutions. Faced with the advent of the big data trend, multi-level dynamic columns and statistical summary functions are provided to process multivariable data and massive data analysis. Different from the competitors' bundle model, it can be seamlessly integrated into the ISV system and spans various fields such as finance, manufacturing, communications, logistics, retail, transportation, energy, agriculture, public utilities and media.

  • (33) DBMaker Docker Image

Due to the technological shift from virtual machines (VMs) to containers, a containerized DBMaker Docker image is provided. By leveraging virtualization at the Docker operating system layer, the bundled version of DBMaker is packaged into an image to create DBMaker containers, significantly reducing the boot time required for a guest operating system. Due to the shared operating system core, the startup speed is faster, and it takes up less memory and harddisk usage. Using Container Technology and supporting the Microservices architecture, the DBMaker Container image facilitates the creation of application systems that are easy to develop and maintain.

  • (34) Use of AI to promote highly automated management of contract security provisions

Provide a system that utilizes artificial intelligence to transform unstructured contract security terms into structured data. By integrating with the proprietary application (AP), the system enables meaningful analysis and organization of contracts based on customer, industry, and timeline. This solution reduces manual costs and compensates for limited experience, while allowing for the full reuse of historical knowledge and effective control of newly introduced

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clauses—thereby significantly enhancing efficiency. Furthermore, the systematic and automated management of contract terms enables the documentation of relevant response measures, converting individual knowledge into the Company’s intellectual property. In the future, this model can be expanded and applied to other contract management.

  • (IV) Long-term and short-term business development plans

Syscom has been established for nearly 50 years. It has been adhering to professional information services, assisting enterprises and government organizations to promote digital transformation 2.0 with AI, and continues to target trend applications such as information security needs, cloudification, and massive data analysis, to seize the opportunities and break new ground.

The long-term and short-term business development plans are briefly described as follows:

  1. Short-term business development plan

  2. (1) Use the AI operating platform to develop transportation, security, medical and commercial applications.

  3. (2) Combine generative AI systems and tools to improve business efficiency and quality.

  4. (3) Expand core products and professional services to improve overall profitability.

  5. (4) Develop a knowledge-based economy in AI, 5G, information security, big data, and cloud services.

  6. (5) Form alliances with outstanding domestic and foreign vendors to enter the overseas emerging application market.

  7. Long-term business development plan

  8. (1) Implement the commitment of continuous improvement of total quality and strive for sustainable development of ESG.

  9. (2) Demonstrate system capabilities and help enterprises upgrade digital transformation with AI empowerment.

  10. (3) Bridging the application of cutting-edge technology industries and forming an alliance with Taiwan team for World Cup.

II. Market, production and sales overview:

  • (I) Market analysis

  • 1.Major sales regions of products (services)

Unit: Thousands of NTD

Unit: Thousands of NTD Unit: Thousands of NTD Unit: Thousands of NTD Unit: Thousands of NTD
Year
Sales volume
and value
Main products
2023		 2024

Domestic sales		 Export sales Domestic sales Export sales
Volume Value Volume Value Volume Value Volume Value
System Integration Service &
Computer/Peripheral Sales		 (Note) 4,547,241 (Note) 361,252 (Note) 5,125,127 (Note) 238,005
Computer & Peripheral
Maintenance		 〞 1,457,539
〞		 - 〞 1,552,568
〞		 -
Computer & Peripheral Lease 〞 17,788
〞		 - 〞 17,029
〞		 -
Total 〞 6,022,568
〞		 361,252
〞		 6,694,724
〞		 238,005

  • Note ： (1) The Company is in the information service industry and not in the manufacturing industry, so it is not applicable.

  • (2) Domestic sales are mainly in the domestic market. Export refers to the revenue of the export of the individual companies and the revenue from overseas sales of the consolidated companies based on the location of operations, mainly in Mainland China, the United States and Southeast Asia.

  • 2.Market share of main products:

The information service industry is a key force in promoting the development and progress of

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the global industry. Through the input and output of intelligence, process intelligence and software technology are integrated into a digital application system to help enterprises reduce manpower requirements and reduce the pressure of rising prices of production factors. Since its establishment, the SYSCOM has taken "one vendor to provide complete solutions" as its longterm goal, and used its innovative technologies and excellent products to assist customers in solving operational problems in order to create a win-win situation.

SYSCOM is a cross-disciplinary ESG sustainable development system integrator and one of the first domestic system integration service providers to adopt information security, disaster recovery (DR), business continuity planning (BCP), and cloud-based architectures. Staying true to its principles of “Leading in Technology” and “Leading in Service,” SYSCOM has built a solid track record in information system implementation and integration, with successful cases across both domestic and international markets. Ranked in the top 500 service industry in Taiwan, and won the recognition of customers for its outstanding professional ability and industry insight, and won the "Outstanding Service Provider" of CIO Taiwan 2024 again.

SYSCOM uses its professional software development knowledge of software engineering, coupled with its strong self-developed products, to construct various information management platforms, assists in digital transformation with technology, green compliance, and participates in the construction of major application systems in Taiwan. Since its establishment 50 years ago, SYSCOM has been deeply engaged in key sectors such as finance, telecommunications, healthcare, e-government, high-tech manufacturing, and defense and aerospace. Committed to delivering professional IT services, the company supports enterprises and government organizations in advancing Digital Transformation 2.0. By leveraging AI to enhance system applications, and driving forward trends in information security, cloud adoption, and big data analytics, SYSCOM continues to seize new opportunities and shape a future of innovation.

3.Future demand and supply in the market and growth potential:

  • (1) IDC forecasts that Taiwan's information security product market will continue to grow in the next four years, from US$462 million in 2024 to US$716 million in 2028, with an annual compound growth rate of 11.9%. Among them, the growth momentum of information security software is particularly strong, with an annual compound growth rate of 13.3%. In addition to the demand for traditional security products, the growth momentum is also from AI security and Quantum Resilient Security.

  • (2) The Executive Yuan has proposed a new program of "Smart Nation 2.0 (2025-2028)" to implement AI industrialization, industrial AI, and expand smart applications. On the one hand, we are actively deploying the R&D of forward-looking technology, and strive to construct important digital infrastructure to drive innovation with technological R&D. On the other hand, we will drive innovation based on social needs, and use software and data to drive innovative application services to respond to future social needs in education, medical care, care, housing, smart transportation, financial technology, net zero carbon emissions, smart cities, climate adjustment, disasters, etc. Resilience and smart government to create well-being.

  • (3) IDC points out that while the rapid development of generative AI (GenAI) has greatly improved the productivity and efficiency of enterprises, it has also brought about new information security challenges. In terms of security strategies, enterprises will pay more attention to the establishment of a clear AI BOM (Artificial Intelligence Bill of Materials) to strengthen AI security protection capabilities and respond to increasingly complex security threats.

  • (4) The Digital Economy Department is cooperating with the National Development Council to invest in AI innovations, accelerate the implementation and popularization of AI-related applications, and combine the software and information security industries to make the digital economy industry a new trillion-dollar industry by 2026. The Ministry of Digital Affairs is actively supporting the information service industry in developing cloud-based solutions. Through the "Themed R&D Subsidy Program for Digital Cloud Services," the initiative encourages service providers to create cloud solutions tailored to industry needs. It also helps small and medium-sized enterprises (SMEs) adopt user-friendly digital tools to enhance their operational efficiency and overall competitiveness.

  • (5) According to IDC's forecast, Taiwanese enterprises will significantly increase their investment in edge IT infrastructure in 2025 to support the development of GAI. In particular, the growing demand for edge inference will promote the rapid development of Taiwan's local public cloud IaaS services. Cloud-based services are not only agile, flexible,

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and easy to deploy; they also feature pay-as-you-go pricing and extensibility that help enterprises achieve cost effectiveness and improve business continuity. In addition, as the penetration rate of the Internet increases, it also increases the opportunities for SMEs to obtain cloud services.

  • (6) Big technology companies are actively deploying, and the robotics topic will continue to attract market attention in 2025. The key to commercialization of humanoid robots lies in the realization of cognition, dialogue and movement execution capabilities. Thanks to the generative AI, the cognition of robots has grown by leaps and bounds, and they can grasp the personnel, time, place, environment, and objects through the perception layer; the dialogue ability has also been improved significantly, and they can communicate with human beings in multiple aspects. TrendForce predicts that the global humanoid market is expected to exceed US$2 billion in 2027, and the compound annual growth rate between 2024 and 2027 will reach 154%. Compared with about US$132 million in 2024, the market scale will increase by more than 15 times in 2027.

  • (7) According to IEK, the global digital healthcare market is expected to reach US$479 billion in 2028, growing at a compound annual growth rate of 15.1%. With the digitalization of medical equipment and the connection of medical information systems, medical care services can be extended from the hospital to the daily life environment. With the maturity of AI, big data and 5G technologies, the government has accelerated the promotion of home health care policy after the "National Health Insurance and Emergency Home Care Integration Plan" was launched in July 2024.

  • (8) 5G technology is gradually popularized, and the Beyond 5G is also gaining momentum. The rigid demand for communication resilience mainly comes from government investment and commercial innovative applications. Among them, the growth of "government defense" is the strongest in the vertical application market. The Netcom industry in Taiwan has a solid foundation and a reliable supply chain partnership, and is an important partner of satellite system providers.

  • (9) As the global digital transformation continues to accelerate, corporate network construction has evolved from a mere infrastructure to a key element of an enterprise's core competitiveness. The rapid implementation of AI applications has continuously increased the requirements for network transmission performance. At the same time, enterprises must continue to strengthen network security protection and ensure management agility and efficient operation. Under this trend, enterprises need to accelerate the deployment of nextgeneration network technologies and build flexible and smart network architectures with high security protection in order to maintain their competitive advantages in the rapidly changing market.

  • (10) According to Taiwan's current policy planning, the priority targets for energy conservation improvements in 2024 are public enterprises. More than 350 sites have taken the lead in demonstrating, and it is expected that this will spread to more than 2,500 private enterprises by 2025, driving business opportunities in the energy managed service industry (ESCO). Building an AI-driven one-stop platform for carbon emissions through serial inspection, intelligent analysis of action plans, and even tradable investments is expected to be the corporate development trend.

4.Competitive advantages:

SYSCOM is one of Taiwan’s most representative system integration companies, equipped with comprehensive core software and hardware products, and backed by a strong technical support team. The company has implemented quality management and capacity optimization across its operations and leverages its proprietary R&D solutions to automate the deployment of internal ICT systems. Since its establishment, SYSCOM has continuously introduced advanced products and cutting-edge technologies, combined with exceptional software development and integration capabilities, to support the digital transformation of clients across diverse industries—including finance and securities, telecommunications, healthcare, government and law enforcement, transportation, and high-tech manufacturing.

Syscom is the only domestic company to have achieved the highest level of CMMI ML5 in international software quality assessments twice. The company has also won the National Quality Award twice, in 2018 and 2024. Its self-developed products, including "DBMaker Database," "NETCenter IT Monitoring Management Center," "OMFLOW Service Automation System," and the "Ayuda Intelligent Service Robot," have earned four prestigious "2025 Taiwan Excellence Awards." The management philosophy of SYSCOM COMPUTER is "Excellent people, satisfied customers, continuous growth and sustainable management", and

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"system integration" is the corporate value that the Company is proud of. With 50 years of accumulated professional experience and services, the Company’s forward-looking demand planning, infinitely expandable software/hardware architecture, and dedicated technical talents help enterprises build a cloud-earth integrated digital nervous system. SYSCOM is mastering the various breakthroughs in the development of "Generative AI" applications, and launches the "Smart Cyber Human" project with the continuously accumulated innovative energy, and uses AI-enabled system applications to help customers upgrade and transform into resilient enterprises.

5.Favorable and unfavorable factors for development prospects and countermeasures:

  • (1) Favorable factors for development prospect

  • A. SYSCOM COMPUTER is one of the leading large-scale system integrator manufacturers in Taiwan, with abundant plans and achievements in the implementation of large-scale government prospective information application. Cooperate with the government's major software projects, flagship projects and innovative supply chains, integrate outstanding domestic manufacturers, and successfully export to overseas markets through e- diplomatics, helping to achieve the policy goal of transforming the information service industry into a "trillion-dollar industry" by 2030 as early as possible.

  • B. SYSCOM COMPUTER is a distributor of software and hardware products from many domestic and foreign information companies, with rich technical certifications and support services that are well recognized by the partners we represent. SYSCOM COMPUTER provides a full range of IT products and value-added services, from IT infrastructure to application software information system planning, implementation and operation management, and is the best partner for enterprises' "digital transformation".

  • C. SYSCOM COMPUTER values excellent talents and has a large number of engineers with analysis and development capabilities in finance, medical care, government, aerospace, telecommunications, networking and other industries. It has strong R&D strength and leads the domestic industry in terms of the number of trademarks and patents obtained.

  • D. SYSCOM COMPUTER corporate brand is well-recognized by its customers for its stable management and financial soundness. Its service fields cover finance and securities, telecommunications, medical institutions, government and police administration, transportation, high-tech manufacturing, and smart retail and more, among other things, its customers are all over the world and many of them are serving as benchmarks for leading companies in various industries, and have customers with more than 20 to 30 years of cooperation.

  • E. SYSCOM COMPUTER remains committed to strengthening its core business while expanding into new areas. Its range of services includes front-end planning, design, execution, overall project management, consulting services, and integrated information systems. In response to industry developments and customer needs, the company continues to innovate with new business ventures, such as the development of GreenMaker, as well as generative AI solutions. These initiatives are effectively applied to energy conservation, carbon reduction, and digital transformation.

  • F. SYSCOM COMPUTER is committed to quality and has passed CMMI ML5, ISO9001, ISO9002, and ISO/IEC 20000-1:2018 in terms of quality program certification. We will continue to enrich our software and professional information service energy, accelerate the process of connecting with the international market with international-level software engineering quality assurance, and promote software market development and marketing cooperation.

  • G. SYSCOM COMPUTER has introduced the information security management system (ISO 27001:2013), the personal data management system (BS 10012:2017), the information management system ISO 20000:2018, and the privacy information management system (ISO 27701) for information security management. Through the concrete action of obtaining the international standard certification, Syscom is able to express its determination to fully emphasize and protect the security of customers in the areas of “privacy information”, “information security”, “information service management” and “personal information management”

  • (2) Unfavorable factors for development prospects and countermeasures:

  • A. As technology continues to evolve, it is not easy to develop technological talents and retain technical experts;In addition, the information industry emphasizes hard skills over soft skills, and the magnetic effect of the semiconductor industry has caused an imbalance in the manpower market. In the fast-changing IT talent market, job openings for software

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engineers, data analysts, and information security experts are growing rapidly, highlighting the serious imbalance between supply and demand

  • B. Taiwan's experience and expertise in developing the service economy are insufficient. There is a lack of case studies and learning processes for innovative applications and operational models. The domestic market size is limited, and the information service industry is highly homogeneous with fierce competition. The challenge lies in strengthening cooperation among service providers and ecosystems while striving for overseas expansion to grow the industry.

  • C. For general information services, the project cost includes planning, equipment and software procurement, system development, on-site construction, information security management, warranty and maintenance, administrative management, education and training and miscellaneous expenses, and other expenses. In particular, large-scale projects take several years to complete, which may lead to changes in demand, equipment upgrades, price adjustments, etc., forcing the industry to make bigger projects and higher losses.

  • D. Imbalance between supply and demand of IT talents. With the rapid development of AI technology and the active promotion of digital transformation by enterprises, the supply of information, data and information security related professionals exceeds the demand.

  • E. Digitization and low-carbon are two major trends in the bi-axial transformation of the global supply chain. More and more companies are improving the resilience and reliability of their supply chains.

==> picture [21 x 11] intentionally omitted <==

Countermeasures ：

  • Focus on core products and enhance professional service capabilities to deepen software R&D and application. Master the breakthroughs in generative AI applications, optimize self-developed products with AI applications, and help enterprises upgrade and transform into resilient enterprises.

  • Invest in proprietary R&D products and apply SOP to deepen the service process. Enhance the competitive advantage and added value of large-scale system projects by mastering core technologies, provide better service, and increase customer loyalty. Expand applied services and strengthen the application and promotion of core products and services to increase the added value of projects.

  • Strengthen cooperation with start-up software companies, find more potential partners or new forces through projects or the interactive mode of various marketing activities, and work together to introduce solutions to each other to expand the pocket share of existing customers. Unite with the Taiwan team to participate in the World Cup. By copying the experience of domestic large-scale application system planning and construction, we form a team, and cooperate with Taiwanese manufacturers in various fields to expand overseas markets.

  • A "Training Committee" was established to take the advanced information technology and the development of well-rounded professionals as the talent cultivation goal to lead and plan the Company's knowledge development system. Talent recruitment and promotion are carried out through diversified channels such as the “T Ambassador Program”, “Industry-Academia Cooperation”, “Talent Database”, “Physical Activities”, and “Recruitment Channels”.

  • Expand industrial information services and strengthen the research and development of core software technologies, increase and strengthen the content of IT products and services, increase the proportion of sales of our own products and services, expand and maintain contract customers, and increase contract rates.

  • Make good use of government resources. Promote industrial advanced information applications in line with government policies; and actively advise the government through the industry association platform to promote the development of the industry. In order to improve the procurement environment for government information services, the Public Works Commission and the Ministry of Digital Affairs of the Executive Yuan have considered that each agency's information and information security matters are mostly handled by external contractors, so that the procurement agencies can fully understand the connotation and budget composition of IT service procurement. The "Guidelines for Estimating Budgets of Government Information Service Procurement" was specially developed. The Engineering Council issued a document to all agencies on May 1, 2024 as a reference for compiling information service procurement budgets to promote the rationalization of information service procurement expenses.

  • Maintain long-term cooperative relations with domestic and foreign suppliers,

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jointly establish a stable and sustainable supply chain, ensure the quality, delivery and price of suppliers ’ products, and implement risk management and business continuity plans. The evaluation has included the sustainable development aspect, to promote the cooperative suppliers to comply with the relevant corporate social responsibility regulations, exert the corporate social influence, and promote the economic, social and environmental ecological balance and sustainable development.

  • (II) Important applications and production processes of main products:

  • Important applications of main products:

SYSCOM provides high-quality computer software and hardware products, professional system integration services, and application software development. Based on the global system integration market, the company acts as an agent for internationally renowned IT-related software and hardware products, including HPE, Cisco, Microsoft, Fortinet, VMware, and more. The Company provides planning, implementation, and maintenance services for solutions tailored to various industry sectors based on customer needs. These service areas include finance and securities, telecommunications, medical institutions, government and police administration, transportation, e-retail, high-tech manufacturing, and more.

During the production process, the Company strictly follows the CMMI-Dve v1.2 Maturity Level 5 software process, and uses the self-developed project management platform, Software Development Process Master (SDPM) to formulate standard operating procedures for the software design and development process, through quantitative management, to have a clear understanding of the project status, to take preventive and corrective measures in advance, and to improve work efficiency. In recent years, it has expanded its introduction to technical service project management, and used the Technical Service Management (TSM) to manage customers’ equipment installation, maintenance, and warranty projects, in order to provide customers with the most satisfied quality and service. SYSCOM applies its proprietary products to information security, cloud application services, artificial intelligence, smart healthcare, robotics, and other related services. These products enhance automation, real-time capabilities, and visualization functions, assist in the automatic supply and installation of internal information communication equipment, and provide more diversified needs and applications across various industries. 

  2. Production process: The Company is not a manufacturing company, so it is not applicable.

  • (III) Supply of main raw materials: The Company is not a manufacturing company, so it is not applicable.

  • (IV) The names of suppliers and customers who accounted for more than 10% of the total purchases (sales) in any of the most recent 2 years

  • The names of customers who accounted for more than 10% of the total sales in any of the most recent 2 years, their sales amounts and percentages:

Unit: Thousands of NTD

Item 2023 2023 2023 2024 2024 2024
Name Amount As a
percentage
of net sales
for the whole
year %
Relationship
with the
issuer		 Name Amount As a
percentage
of net sales
for the whole
year %
Relationship
with the
issuer
1 Customer A 519,982 8.15% None Customer B 508,091
7.33%
None
Others 5,863,838
91.85%		 Others 6,424,638
92.67%
Net sales 6,383,820 100.00% Net sales 6,932,729
100.00%

Reasons for the change in sales to major customers: There was no significant change in the overall sales to the Company's major customers in the most recent two years.

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  1. The names of suppliers who accounted for more than 10% of the total purchases in any of the most recent 2 years, their purchase amounts and percentages:

Unit: Thousands of NTD

Item 2023 2023 2023 2023 2024 2024 2024 2024
Name Amount As a
percentage
of net
purchases for
the whole
year %
Relationship
with the
issuer		 Name Amount As a
percentage
of net
purchases for
the whole
year %
Relationship
with the
issuer
1 Metaage 487,693 17.32% None Metaage 453,076
15.62%
None
2 Zero One
Technology		 304,866 10.82% None Hewlett
Packard
Enterprise		 361,990
12.48%
None
3 Microsoft 281,824 10.01% None
Total 1,742,188 61.85% Total 2,085,351
71.90%
Net
purchases		 2,816,571 100.00% Net
purchases		 2,900,417
100.00%

Reasons for the change in purchases from major suppliers: There was no significant change in the overall purchases from the Company's major suppliers in the most recent two years.

III. Information on employees

rmation on employees rmation on employees
Year As of the end of
2023		 As of the end of
2024		 2025 up to
March,31
2025
Number of employees 1,266 1,341 1,359
Average age 41.14 41.43 41.30
Averageyears of service 9.33 9.45 9.56
As a percentage
of education
distribution		 Doctorate 1 3 3
Master 282 302 306
College(includingabove) 964 1,018 1,033
Senior high school(includingbelow) 19 18 17

IV. Information on environmental protection expenditures

The Company is mainly engaged in system integration services, and the sales process of products does not generate pollution, so the disclosure of environmental pollution problems or environmental protection expenditures is not applicable.

V. Labor relations

  • (I) The Company's employee welfare measures, training, education and retirement systems and their implementation, as well as the agreements between employees and management and measures to protect the rights and interests of employees:

  • Employee conduct and code of ethics

    • (1) In order to establish a good system and refine the organization and management, the Company has not only established the work rules for employees in accordance with the Labor Standards Act, but also established the "Code of Conduct for Anti-Corruption and Business Ethics and Activities" and measures for employee reward and punishment, so that all employees can have the ethical concepts and conduct standards to comply with, which are mainly as follows:

      • Compliance with the Company’s regulations.

      • Those who are responsible for the Company's tangible and intangible assets should play the role of a good steward.

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  • Do not leave the office, obstruct or interfere with the work of others during work hours.

  • No sexual harassment or assault of other employees.

  • Do not create rumors, spread rumors, or slander.

  • The Company has established a system for the delegation of duties and responsibilities, and authorizes the responsible leaders to exercise their decision-making authority, and they shall not act beyond their powers without authorization.

  • The work instructions or orders with deadlines from superiors must be completed on time, with the prescribed quality and quantity.

  • Do not intentionally conceal from or misrepresent anything to superiors.

  • Uphold the highest ethical standards for suppliers, contractors, customers, and others involved in the Company's business, and refrain from offering or accepting improper benefits.

  • Must not seek to gain an improper advantage or use the Company's name to deceive others externally.

  • Must not infringe on intellectual property rights, engage in unfair competition. Prevent using products or services to harm stakeholders, protect trade secrets, prohibit the disclosure of trade secrets, or prohibit insider trading.

  • The Accident Adjudication Committee is established to adjudicate liability for damages to the Company's rights caused by the negligence of an individual.

  • The Sexual Harassment Prevention Committee is responsible for receiving complaints and investigating cases of sexual harassment by employees.

  • (2) All rules and regulations of the Company are announced on the bulletin board. In case of reward or disciplinary actions, the Personnel Review Committee will be called on immediately to handle the reward and punishment.

2. Employee welfare measures and implementation

  • (1)The Company has established the Employee Welfare Committee, which is responsible for the welfare of all employees, and the welfare measures are supervised and executed by the Welfare Committee every year.

  • (2)The Company's welfare measures mainly include labor, health, group insurance, employee travel, birthday gifts, beer parties, year-end parties, welfare products, wedding and funeral subsidies, child birth subsidies, club activity subsidies, and health checkups. These measures are effective in boosting employees' morale.

  • (3)Various club activities are organized to provide employees with a balance between work and leisure.

  • (4)The Company provides group insurance for employees, their spouses and children. The coverage includes term life insurance, accidental injury insurance, hospitalization medical insurance, and cancer insurance.

3. Workplace diversity

  • (1) Workplace diversity policy:

The Company is committed to providing an equal, inclusive, diverse and friendly workplace and safe working environment for its employees. Employees are hired, promoted and paid primarily based on their job category, academic experience, professional knowledge and skills, professional years of experience and individual performance to ensure that employees are not discriminated against, harassed or treated unequally based on race, gender, religious beliefs, age, political affiliation or other legally protected status.

  • (2) Implement diversity in the workplace:

  • A. The Company’s male and female employees have equal opportunities for promotion. Female employees account for 31.02%, and female managers account for 20.15% of the Company’s managers.

  • B. 99.70% were of Taiwanese nationality, 0.30% of foreign nationals, 0.45% of indigenous people, and 1.04% of persons with disabilities.

  • C. 16.71% of employees are under the age of 30, 59.28% are between the ages of 30 and 50, and 24.01% are over the age of 50.

4. Employee training and development

  • (1)In order to improve the quality of human resources and develop corporate strengths, the Company has established measures for education and training to maintain the foundation of our sustainable management and development. Each employee has an individual training record, which completely records the training process each employee has received.

  • (2)The Company provides complete professional development program for employees and

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encourages them to actively participate in various professional certifications. Therefore, both internal training and external training have a positive effect on their professional skills and management skills.

A.Internal education and training include:

  • . New employee training: Provide new employees with training on corporate culture and related basic courses to help new employees shorten the adjustment period and cross the stage of exploration early.

  • . Functional training: The training mainly focuses on strengthening the professional and self-management skills of employees, covering new computer knowledge and applications, management practices and skills, etc., to meet the needs of different stages of growth.

  • . Leadership training: SYSCOM COMPUTER has a complete promotion system, and each reserve supervisor must pass a rigorous pre-service training program to qualify for promotion. In addition, on-the-job training is planned for existing supervisors to enrich their leadership skills in management and revitalize the operation of the organization.

B.External training:

External training courses are intended to enable employees to absorb new knowledge in the market and to keep abreast of global trends in order to enhance their professional skills in the workplace and to ensure service to customers. 

  - C.On-the-job training:

  - In order to improve the quality of employees, cultivate outstanding talents, and encourage employees to improve their professionalism, the company also provides employees with applications for on-the-job training.

  • (3)In 2024, an effective career ability development training plan has been established for employees, and various education and training courses have been provided from time to time. The implementation of education and training in 2024 is as follows:

    • A. New employees: To enable new employees to understand the company's culture and rules and regulations as well as labor safety and health knowledge, we regularly hold two "New Employee Education and Training" courses every month, including "Basic Training Course" and "Safety and Health Education Training Course".

    • B. Internal training: Various functional training courses are offered from time to time.

    • a. Sales staff: In addition to the courses on related agency products, nine SYSCOM product certification courses are held from time to time, and one major business training is held every quarter.

      • Note: Each salesperson is required to pass at least 2 product certifications each year.

    • b. Technical staff: In addition to the technical courses offered from time to time, there are 13 SYSCOM technical certification courses.

    • Note: Technical staff who write programs must hold three valid certifications, and technical staff who do not write programs must hold two valid certifications.

    • c. Leadership training: Senior/middle-level/junior leader training, in-person and digital teaching methods, 10 courses.

    • C. In addition to internal functional training courses, employees may also apply for external training (including professional technical certification examinations) according to their needs.

    • D.In 2024, the Company had 7,422 attendance in internal training and external training, and the cost of education and training was approximately NT$6.89 million.

  • Retirement system and implementation

  • (1)The Company's retirement system is governed by the Labor Standards Act and the Labor Pension Act.

  • (2)For employees subject to the old pension scheme under the Labor Standards Act, the Company makes monthly appropriates to the retirement reserve fund in accordance with the Labor Standards Act, which shall be overseen by the Supervisory Committee of Labor Retirement Reserve and deposited in the name of the Committee in the Bank of Taiwan, and the Committee is responsible for the receipt, payment, custody and utilization of the fund. For employees are subject to the new pension scheme under the Labor Pension Act, the Company is legally required to pay a monthly contribution of not less than 6% in accordance with the Labor Pension Act and to deposit to the employee's personal pension account established by the Bureau of Labor Insurance in accordance with the wage range table approved by the Executive Yuan.

107

  1. Work environment and employee safety protection measures

    • (1)The Company has established "Environmental Management Regulations", "Code of Practice for Occupational Safety and Health" and "Safety Inspection Regulations" to enforce safety and health protection measures.

    • (2)In order to protect and maintain the safety of the office area, the Company has set up an access control system. All employees are required to wear identification cards when entering and leaving the building, and a surveillance system is in place to monitor and record 24 hours a day. Visitors are not allowed to enter the office area and must be received in the reception area. The main entrances and exits are guarded by security guards 24 hours a day to protect the personal safety of our employees.

    • (3)Employees will be briefed on the safety regulations by person in charge of each unit at the time of reporting for work.

    • (4)In order to effectuate the prevention and control of tobacco hazards, maintain the hygiene of the office environment and purify the air quality, and reject the health hazards caused by second-hand smoke. The Company's offices (areas), meeting rooms, stairwells, restrooms, dormitories and other indoor areas are all smoke-free except for the open balcony space and the legal smoking area.

    • (5)The office area is nice and in good condition, and an environmental officer is assigned to each office area and each floor to supervise the environmental cleanliness of the area.

    • (6)A complete fire safety system, including alarms, fire extinguishers, emergency lights, escape lights, escape doors, etc., is in place, and all equipment is inspected and replaced at least once a year.

    • (7)We cooperate with the fire department twice a year to conduct fire drills and escape route drills in the building.

    • (8)We conduct office carbon dioxide concentration monitoring and drinking water testing of water dispensers every six months.

    • (9)The building is disinfected every six months and the floor cleaning and waxing operations are carried out every month; in line with the post-pandemic prevention measures, the Company continues to strengthen the promotion of the concept of public health and cleaning and disinfection. Every day, colleagues and visitors to the Company are still recommended to wear masks and continue to Body temperature is measured and hands are disinfected. Alcohol and antibacterial hand sanitizer is placed at the entrance of each floor. Antibacterial hand sanitizer is also placed in the pantry. Alcohol/antibacterial hand sanitizer is also placed in each meeting room for colleagues and visitors to use.

    • (10)A medical doctor is appointed to visit the company every two months to provide clinical services and professional nurses are employed to provide health services for workers.

    • (11)General safety and health in-service education and training courses are held every three years by law. In the past three years, in 2023, a total of 1,266 participants and a total of 3,798 person-hours were held.

    • (12)By organizing various club activities, employees can not only enhance their physical fitness and relieve physical fatigue, but also achieve a balance between work and leisure.

    • (13)Through regular annual employee health checkups and a variety of health seminars and health education information, employees can better grasp their health status and have the knowledge and methods of self-health management.

    • (14)We provide employees with term life insurance and accident insurance to increase their job protection.

    • (15)We provide a family-friendly workplace environment for employees by setting up a breastfeeding room.

    • (16)The Company has completed fire safety facilities, and conducts routine employee fire escape drills and related education and training courses every year to reduce the probability of fire, and there was no fire incident in 2024.

  2. (II) For the most recent year and for the current year up to the date of publication of the Annual Report, the amount of loss due to labor disputes and the estimated amount of current and potential future losses and countermeasures should be disclosed and if the amount cannot be reasonably estimated, the fact that it cannot be reasonably estimated shall be stated:

  3. For the most recent year and for the current year up to the date of publication of the Annual Report, the amount of loss due to labor disputes: None

  4. The estimated amount of current and potential future losses and countermeasures:

The Company follows the Labor Standards Act and related laws and regulations to protect labor

108

rights and interests based on the trust of win-win cooperation between management and employees. The Company's management and employees have been co-working satisfactorily under the respect of labor-management ethics, and no significant labor disputes or losses have occurred so far, and no such losses are expected to occur in the future.

  1. Labor-management agreements already reached: None

  2. Labor-management agreements to be reached: None

  3. Measures for the protection of employee rights and interests:

The Company has held regular labor-management meetings in accordance with the regulations to maintain good labor relations and promote labor-management cooperation.

VI. Cyber security management

  • (I) Cyber security risk management framework, cyber security policy, specific management plans, and resources invested in cyber security management：

  • Information security risk management framework

    • (1) In order to strengthen and improve the information security of the Company and to implement the sustainable management of the Company, the Company has established the Information Security Committee is responsible for the decision making, management and promotion of information security matters. The Committee has a convener, co-convener, and vice convener, and the top management of each business group, center, and head office are appointed as members, and three sub-groups, including "information security policy," "information security promotion," and "risk management," are established to be responsible for information security policy formulation and promotion, information security management and promotion, and information security risk control and evaluation.

    • (2) The Information Security Committee reports to the Board of Directors at least once a year on the status of information security implementation, and the status of implementation for 2024 was reported to the Board of Directors on December 19, 2024.

  • 2.Information security policy

    • (1) The Company's information security management aims to provide a reliable and secure operating environment to ensure the normal operation of its continuous configuration business, and its information security policy is to "establish an information security culture, implement an information security system, strengthen information security protection, and reduce operational risks". In order to establish an information security environment with confidentiality, integrity, and availability. We make information security a natural aspect of employees' daily activities as a way to support the establishment of trust between all internal and external participants.

    • (2) In order to implement the protection and management of personal data and to comply with the requirements of the Personal Data Protection Act, we have established the following:

      • A. In accordance with the requirements of the “Personal Data Protection Act” and the “Enforcement Rules of the Personal Information Protection Act”, personal data is protected in the process of collection, processing, utilization, storage, transmission, and destruction.

      • B. To protect the Company's business-related personal data from the risk of theft, alteration, destruction, loss, or leakage due to external threats or improper management and use by internal personnel.

      • C. To enhance the protection and management of personal data, reduce operational risks, and create a reliable environment for the protection and privacy of personal data.

  • 3.Information security management system

We have introduced the information security management system (ISO 27001:2022), the personal data management system (BS 10012:2017), the information management system ISO 20000:2018, and the privacy information management system (ISO 27701:2019) for information security management.

  • (1) Information security management system: in accordance with ISO 27001:2022 We introduced and obtained the certificate in 2016, and expanded the scope of certification in 2019 to include: Technology Center, R&D Center, Computer Center (CMPC), SDPM, and Information Security Control Center (SOC). We implemented ISO 27001:2022 in 2024. Each year, a third party conducts a validity audit. The current certificate validity period is from February 14, 2025 to January 9, 2026.

109

  • (2) Personal data management system: in accordance with standard BS 10012:2017 In 2012, we introduced a company-wide personal data management system (BS 10012) for the management and protection of personal data and passed the third-party certification, and in 2018, we obtained the third-party certification for the latest version of BS 10012:2017. Each year, a third party conducts a validity audit. The current certificate validity period is from January 20, 2025 to January 20, 2028.

  • (3) Information management system: in accordance with standard ISO 20000:2018 Our information management system has been implemented and validated to ISO 20000, and we have developed a good information service management process for demand management, change management, online management, incident management, problem management, capacity management, and availability management, etc. We implemented ISO 20000:2018 in 2019, Each year, a third party conducts a validity audit. The current certificate validity period is from January 17, 2023 to January 17, 2026.

  • (4) Privacy information management system: in accordance with standard ISO 27701:2019 In 2021, we introduced a privacy information management system (ISO 27701) for the management and protection of personal data and privacy, Each year, a third party conducts a validity audit. The current certificate validity period is from February 14, 2025 to January 9, 2026.

  • 4.Specific management plan

Continue to strengthen information security protection and establish joint defense mechanism, and various specific technical strengthening and management measures include:

  • (1) Continue to strengthen the new-generation information security monitoring and joint defense mechanism

    • The company continuously conducts system function verification of its self-developed product, the "Security Information Service Platform/Diamond Guard," within the company environment. This includes the implementation of terminal and network visibility tools, the establishment of an automated collaboration mechanism, and technical cooperation with cybersecurity threat intelligence platform vendors. This collaboration focuses on earlywarning information detection and joint defense efforts, aimed at enhancing the company's overall information security.

  • (2) Continue to strengthen the efficiency and safety of employees’ Internet operations In addition to enhancing the overall bandwidth and performance of the company’s external and internal backbone networks, the company is also improving personnel efficiency and information security by constructing dedicated "intranet and extranet" networks and upgrading information security protection equipment, as part of the ongoing implementation of the Company’s Great Intranet Project.

  • (3) Enhance the security of the company's internal and external service websites In line with the Company's Great Intranet Project, we reviewed the current status of information security protection for internal and external web services, purchased additional web program firewalls, and reviewed the migration of the old system after the information security protection equipment was in place to ensure that all corporate services are properly protected.

  • (4) Introduce Endpoint Detection & Response (EDR) products and fully deploy them on company equipment to strengthen endpoint security.

  • (5) Red team drills were conducted to analyze the blind spots of the Company's protection mechanism and strengthen them according to the problems analyzed.

  • (6) Conduct annual social engineering drills to enhance employees' information security awareness.

  • (7) Replaced branch firewalls. The evaluation, planning and replacement operations have commenced, and the completion is expected to be completed before June 2025. Introduce new generation information security monitoring and joint prevention mechanism.

  • 5.Annual information security risk status

  • (1) Continue to maintain and refine ISO20000, ISO27001, ISO27701 and BS10012 information security management system. In 2024, there were 31 audits and 34 units were audited by the internal audit. SGS has conducted a third-party audit at the end of 2024.

  • (2) Promote the implementation of the Great Intranet Project, and sequentially start the construction of the Company's external and backbone network upgrade, intranet and extranet implementation, and various information security protection enhancements.

  • (3) Gradually introduce computer security configuration settings to GCB, and some departments have completed the initial introduction tests.

110

  • (4) Mandate the installation of terminal anti-virus systems, information security identification tools, and computer security configuration settings, along with network access control and information security protection monitoring, to strengthen the basic information security requirements of the company's intranet and extranet-connected devices.

  • (5) For the 2024 fiscal year, online information security education and training courses were conducted, with a total of 1,150 participants (as of November 14), amounting to 4,025 person-hours. The aim was to strengthen employees' attitudes, values, regulations, and practical knowledge regarding information security, making it a natural aspect of their daily activities, and fostering trust between internal and external participants.

  • (6) The Company's 2024 social engineering drill has been completed on November 15. The overall result was 1,361 people (accounts), of which about 470 opened letters, accounting for 34.53%. Social engineering protection awareness information security education and training will be strengthened.

  • (7) The Company's information security alerts are processed and reported according to the Incident and Event Management Procedures, with records maintained.

  • (II) Losses due to major IT security incidents, possible impacts, and responsive measures during the most recent fiscal year and up to the date of publication of the annual report ： None.

VII. Important contracts

Nature Parties involved Contract start and end
date		 Main contents Material
restriction clauses
Distribution
contracts		 Cisco Since 2003.10.27 Licensing SYSCOM as Cisco Gold Partner None
Distribution
contracts		 Hewlett Packard
Enterprise		 Since 2011.01.14 Licensing SYSCOM as HPE Platinum
Distributor		 None
Distribution
contracts		 CyberLink Corp. 2019.07.01~ 2024.06.30 Licensing SYSCOM as CyberLink
Distributor		 None
Distribution
contracts		 Microsoft Since 2017.12.27 Licensing SYSCOM as Microsoft LSP/CSP
Distributor		 None

111

Five. Review and analysis of financial position and financial performance and risks

I.Financial Status

The annual report shall list the main reasons for any material change in the Company's assets, liabilities, or equity during the past 2 fiscal years, and describe the effect thereof. Where the effect is of material significance, the annual report shall describe the measures to be taken in response

Unit: Thousands of NTD

Year
Item		 2024 2023 Increase(decrease)
amount
change
Proportion
(%)
Current Assets
Property, Plant and Equipment
Intangible Assets
Other Assets
Total Assets
Current Liabilities
Noncurrent Liabilities
Total Liabilities
Capital Stock
Capital Surplus
Retained Earnings
Other Equity
Non-Controlling Interest
Total Stockholders' Equity		 4,033,567
366,735
2,531
476,697
4,879,530
2,598,214
97,065
2,695,279
1,000,000
1,783
1,140,816
30,144
11,508
2,184,251
4,016,109

362,728

2,312

465,121

4,846,270

2,612,316

116,650

2,728,966

1,000,000

1,797

1,100,682

11,728

3,097

2,117,304
17,458

4,007

219

11,576

33,260

(14,102)

(19,585)

(33,687)

0

(14)

40,134

18,416

8,411

66,947
0

1

9

2

1

(1)

(17)

(1)

0

(1)

4

157

272

3
1. Analysis of change in percentage:
(1)The decrease in non-current liabilities: Mainly due to the decrease in lease liabilities.
(2)The increase in other equity: Mainly due to the increase in unrealized gain or loss on financial
assets measured at fair value through other comprehensive income.
(3)The increase in Non-Controlling Interest: Mainly due to the increase in investment in
subsidiaries.
2. Future countermeasures: None.

112

II. financial performance

(I)Analysis of financial performance

Unit:Thousands ofNTD
Year
Item
2024
2023
Increase
(decrease)
amount
change
Proportion
(%)
Net operating revenue
6,932,729
6,383,820
548,909
9
Operating costs
5,143,769
4,722,942
420,827
9
Gross profit
1,788,960
1,660,878
128,082
8
Operating expenses
1,474,074
1,375,419
98,655
7
Profit from operations
314,886
285,459
29,427
10
non-operating income and expenses
55,536
44,048
11,488
26
Profit before income tax
370,422
329,507
40,915
12
Income tax
65,739
52,869
12,870
24
Net profit
304,683
276,638
28,045
10
Other comprehensive income for the
year, net of income tax
(3,945)
5,961
(9,906)
(166)
Total comprehensive income
300,738
282,599
18,139
6
Net proif attributable to Owners Of
the Company
306,397
278,293
28,104
10
Total comprehensive income
attributable to Owners Of the
Company
302,281
284,112
18,169
6
1. Analysis of change in percentage：
(1) The increase in non-operating income and expenses: Mainly due to the decrease in the other
losses.
(2) The decrease in other comprehensive income for the year, net of income tax: Mainly due to
the decrease in the number of remeasurements of the defined benefit plan.
2. Reasons for the change in the Company's main business: None.
3. Analysis of sales for 2024:
Please refer to the market, production and sales overview of operations overview in this Annual
Report.		 Unit:Thousands ofNTD
Year
Item
2024
2023
Increase
(decrease)
amount
change
Proportion
(%)
Net operating revenue
6,932,729
6,383,820
548,909
9
Operating costs
5,143,769
4,722,942
420,827
9
Gross profit
1,788,960
1,660,878
128,082
8
Operating expenses
1,474,074
1,375,419
98,655
7
Profit from operations
314,886
285,459
29,427
10
non-operating income and expenses
55,536
44,048
11,488
26
Profit before income tax
370,422
329,507
40,915
12
Income tax
65,739
52,869
12,870
24
Net profit
304,683
276,638
28,045
10
Other comprehensive income for the
year, net of income tax
(3,945)
5,961
(9,906)
(166)
Total comprehensive income
300,738
282,599
18,139
6
Net proif attributable to Owners Of
the Company
306,397
278,293
28,104
10
Total comprehensive income
attributable to Owners Of the
Company
302,281
284,112
18,169
6
1. Analysis of change in percentage：
(1) The increase in non-operating income and expenses: Mainly due to the decrease in the other
losses.
(2) The decrease in other comprehensive income for the year, net of income tax: Mainly due to
the decrease in the number of remeasurements of the defined benefit plan.
2. Reasons for the change in the Company's main business: None.
3. Analysis of sales for 2024:
Please refer to the market, production and sales overview of operations overview in this Annual
Report.		 Unit:Thousands ofNTD
Year
Item
2024
2023
Increase
(decrease)
amount
change
Proportion
(%)
Net operating revenue
6,932,729
6,383,820
548,909
9
Operating costs
5,143,769
4,722,942
420,827
9
Gross profit
1,788,960
1,660,878
128,082
8
Operating expenses
1,474,074
1,375,419
98,655
7
Profit from operations
314,886
285,459
29,427
10
non-operating income and expenses
55,536
44,048
11,488
26
Profit before income tax
370,422
329,507
40,915
12
Income tax
65,739
52,869
12,870
24
Net profit
304,683
276,638
28,045
10
Other comprehensive income for the
year, net of income tax
(3,945)
5,961
(9,906)
(166)
Total comprehensive income
300,738
282,599
18,139
6
Net proif attributable to Owners Of
the Company
306,397
278,293
28,104
10
Total comprehensive income
attributable to Owners Of the
Company
302,281
284,112
18,169
6
1. Analysis of change in percentage：
(1) The increase in non-operating income and expenses: Mainly due to the decrease in the other
losses.
(2) The decrease in other comprehensive income for the year, net of income tax: Mainly due to
the decrease in the number of remeasurements of the defined benefit plan.
2. Reasons for the change in the Company's main business: None.
3. Analysis of sales for 2024:
Please refer to the market, production and sales overview of operations overview in this Annual
Report.		 Unit:Thousands ofNTD
Year
Item
2024
2023
Increase
(decrease)
amount
change
Proportion
(%)
Net operating revenue
6,932,729
6,383,820
548,909
9
Operating costs
5,143,769
4,722,942
420,827
9
Gross profit
1,788,960
1,660,878
128,082
8
Operating expenses
1,474,074
1,375,419
98,655
7
Profit from operations
314,886
285,459
29,427
10
non-operating income and expenses
55,536
44,048
11,488
26
Profit before income tax
370,422
329,507
40,915
12
Income tax
65,739
52,869
12,870
24
Net profit
304,683
276,638
28,045
10
Other comprehensive income for the
year, net of income tax
(3,945)
5,961
(9,906)
(166)
Total comprehensive income
300,738
282,599
18,139
6
Net proif attributable to Owners Of
the Company
306,397
278,293
28,104
10
Total comprehensive income
attributable to Owners Of the
Company
302,281
284,112
18,169
6
1. Analysis of change in percentage：
(1) The increase in non-operating income and expenses: Mainly due to the decrease in the other
losses.
(2) The decrease in other comprehensive income for the year, net of income tax: Mainly due to
the decrease in the number of remeasurements of the defined benefit plan.
2. Reasons for the change in the Company's main business: None.
3. Analysis of sales for 2024:
Please refer to the market, production and sales overview of operations overview in this Annual
Report.		 Unit:Thousands ofNTD
Year
Item
2024
2023
Increase
(decrease)
amount
change
Proportion
(%)
Net operating revenue
6,932,729
6,383,820
548,909
9
Operating costs
5,143,769
4,722,942
420,827
9
Gross profit
1,788,960
1,660,878
128,082
8
Operating expenses
1,474,074
1,375,419
98,655
7
Profit from operations
314,886
285,459
29,427
10
non-operating income and expenses
55,536
44,048
11,488
26
Profit before income tax
370,422
329,507
40,915
12
Income tax
65,739
52,869
12,870
24
Net profit
304,683
276,638
28,045
10
Other comprehensive income for the
year, net of income tax
(3,945)
5,961
(9,906)
(166)
Total comprehensive income
300,738
282,599
18,139
6
Net proif attributable to Owners Of
the Company
306,397
278,293
28,104
10
Total comprehensive income
attributable to Owners Of the
Company
302,281
284,112
18,169
6
1. Analysis of change in percentage：
(1) The increase in non-operating income and expenses: Mainly due to the decrease in the other
losses.
(2) The decrease in other comprehensive income for the year, net of income tax: Mainly due to
the decrease in the number of remeasurements of the defined benefit plan.
2. Reasons for the change in the Company's main business: None.
3. Analysis of sales for 2024:
Please refer to the market, production and sales overview of operations overview in this Annual
Report.
Year
Item
2024		 2023 Increase
(decrease)
amount		 change
Proportion
(%)
Net operating revenue
Operating costs
Gross profit
Operating expenses
Profit from operations
non-operating income and expenses
Profit before income tax
Income tax
Net profit
Other comprehensive income for the
year, net of income tax
Total comprehensive income
Net proif attributable to Owners Of
the Company
Total comprehensive income
attributable to Owners Of the
Company		 6,932,729
5,143,769
1,788,960
1,474,074
314,886
55,536
370,422
65,739
304,683

(3,945)
300,738
306,397
302,281
6,383,820

4,722,942

1,660,878

1,375,419

285,459

44,048

329,507

52,869

276,638

5,961

282,599

278,293

284,112
548,909

420,827

128,082

98,655

29,427

11,488

40,915

12,870

28,045

(9,906)

18,139

28,104

18,169
9

9

8

7

10

26

12

24

10

(166)

6

10

6
1. Analysis of change in percentage：
(1) The increase in non-operating income and expenses: Mainly due to the decrease in the other
losses.
(2) The decrease in other comprehensive income for the year, net of income tax: Mainly due to
the decrease in the number of remeasurements of the defined benefit plan.
2. Reasons for the change in the Company's main business: None.
3. Analysis of sales for 2024:
Please refer to the market, production and sales overview of operations overview in this Annual
Report.

(II) Analysis of change in operating gross profit: No material change.

113

III.Analysis of Cash Flow

Unit: Thousands of NTD

Unit: Thousands of NTD Unit: Thousands of NTD
Balance of cash
at start of term		 Net cash flow
from business
activities
throughout the
year		 Net cash
flow
activities
throughout
theyear		 Balance of
cash
(shortage)		 Remedies for shortage in
cash
Investment
plan		 Wealth
management
plan
884,494 256,690 407,797 733,387
-		 -
1. Analysis of change in cash flows for the year:
(1) Operating activities: The net cash inflow from operating activities of NTD 256,690 thousand,
mainly due to the decrease in accounts receivable.
(2) Investing activities: The net cash outflow from investing activities of NTD 111,095 thousand,
mainly due to the increase in property, plant and equipment purchased in the current period.
(3) Financing activities: Net cash outflows from financing activities were $305,307 thousand,
mainly due to the payment of dividends. .
2. Remedies for cash shortage and liquidity analysis: Not applicable
3. Liquidity analysis for the coming year:
The Company expects to generate positive cash flows from operating activities in the coming
year, and the cash outflows are expected to be mainly from the payment of cash dividends.
Cash balance at the beginning of the year: $733,387 thousand
Estimated net cash inflows from operating activities for the whole year: $393,506 thousand
Estimated cash outflows for the whole year: $374,680 thousand
Estimated cash surplus(shortage):$752,213 thousand

  • IV. Major Capital Expenditure Items and Source of Capital: None.

  • V. Investment Policy in the Last Year, Main Causes for Profits or Losses, Improvement Plans, and Investment Plans for the Coming Year

In terms of the Company’s policy on investments in other businesses, in addition to strategic investments, the focus is to expand its markets or to establish value chain integration relationships to strengthen corporate value.

The increase in profit and loss of the Company’s reinvestment companies in 2024 compared to 2023 was mainly due to the proper control of the progress and expenses of some of the reinvestment companies. The Company will continue to implement the production and sales strategy and expense and cost control plans as follows:

  1. Continue to strengthen the control and management of each reinvestment company and adjust the manpower allocation in a timely manner.

  2. Strengthen customer visits and enhance customer relationships in order to grasp customer needs.

  3. Evaluate the markets of each investee, strengthen the products and services of each company, and explore other markets in a timely manner.

  4. Continue to supervise investees to actively promote the revision of production and marketing strategies in accordance with market demands

Investment plans for the coming year:None

114

VI. Analysis of Risk Management

  • (I) Effects of Changes in Interest Rates, Foreign Exchange Rates and Inflation on Corporate Finance, and Future Response Measures.
Effects of Changes in Interest Rates, Foreign Exchange Rates and Inflation on
and Future Response Measures.		 Effects of Changes in Interest Rates, Foreign Exchange Rates and Inflation on
and Future Response Measures.
1. Effect onthe Company's profit andloss: None:
Item 2024 (Thousands of NTD，%)
Net interest income and expense (4,764)
Net exchange gain or loss 889
Net interest income and expense as a
percentage of net revenue		 (0.07%)
Net interest income and expense as a
percentage of net profit before tax		 (1.29%)
Net exchange gain or loss as a percentage
of net revenue		 0.01%
Net exchange gain or loss as a percentage
of net profit before tax		 0.24%
  • (1) Change in interest rate

The Company's financial assets and financial liabilities exposed to cash flow risk arising from change in interest rate amounted to $468,996 thousand and $176,651 thousand, respectively, at the end of 2024. The Company manages interest rate risk by maintaining an appropriate combination of fixed and floating interest rates for short-term borrowings.

  • (2) Change in exchange rate

Although the Company has foreign currency denominated cash flows for import and export operations, the impact of change in exchange rate on costs and revenues is not material.

  • (3) Inflation

The average consumer price index in Taiwan increased at an annual rate of approximately 2.18% in 2024. The Company keeps an eye on the fluctuation of market prices and maintains good interaction with suppliers and customers, and there has been no material impact due to inflation in recent years.

  1. Future countermeasures:

  2. (1) Countermeasures for change in interest rate

  3. A. The Company does not have a large amount of long-term capital shortage. In addition to the preferential interest rate that the Company has obtained from banks, the Company also evaluates the reasonableness of the borrowing rate from banks from time to time in order to actively obtain preferential borrowing rate.

  4. B. The Company uses its idle funds to make short-term investments to reduce interest rate losses and increase non-operating profit in response to possible increases in interest rates.

  5. (2) Countermeasures for change in exchange rate

  6. In response to exchange rate fluctuations, the Company collects foreign exchange information to keep abreast of exchange rate trends and consults with banks for professional advice, and adopts the principle of exchange rate diversification to reduce the impact of foreign currency exchange rate fluctuations on operating profit or loss.

  7. (3) Inflation

The Company keeps an eye on the fluctuation of market prices, adjusts its import and export prices in accordance with the market fluctuations, and maintains good interaction with suppliers and customers, and there has been no material impact due to inflation in recent years.

  • (II) Policies, Main Causes of Gain or Loss and Future Response Measures withRespect to High-risk, High-leveraged Investments, Lending or EndorsementGuarantees, and Derivatives Transactions. ：

  • The Company did not engage in any high-risk, high-leverage investments, lending funds others in the most recent year.

  • The Company has established the "Procedures for Engagement in Derivative Transactions" to regulate the risk management system of derivative transactions and did not engage in investments in derivative instruments in the most recent year and the current year up to the date of publication of the Annual Report.

  • In the most recent year, the Company provided financing endorsements and guarantees in the amount of $85,000 thousand for the subsidiary, Netmaker Technology Co., Ltd., $15,000 thousand for the subsidiary, Coach Technology Management Inc., $301,622 thousand for the subsidiary, Syscom Computer(Shenzhen)Co., Ltd., and $14,435 thousands for the subsidiary, Syscom Computer(Thailand)Co., Ltd.,. Handled in accordance with the "Endorsement and Guarantee Regulations" established by the Company.

115

(III)Future R&D plans and estimated R&D expenses to be invested in

  • 1.Future R&D plans and estimated R&D expenses to be invested in
Unit: Thousands of NTD
Name of future R&D projects Estimated further
investment in R&D
expenses
Opus One IP Continuous Configuration Management
Platform (Version 1.5.6)		 1,000
Opus One IP Continuous Configuration Management
Platform (Version 1.5.7)		 5,000
Nursing AI Helper 1,200
Use AI and Robotic Process Automation (RPA) to
improve the efficiency of product problem solving		 5,000

2.R&D investment plan and progress:

Name of R&D projects Current
progress		 Contents of the plan Estimated
completiontime
Opus One IP Continuous
Configuration Management
Platform (Version 1.5.6)		 60% Add/Upgrade the following continuous
configuration management module for
Opus One to provide intelligent and
automatic management functions such as
automatic assignment, tracking and
auditing of continuous configuration
events in data center networks and
systems. configuration work and product
competitiveness.
⚫
Conduct research on continuous
configuration job service module to
design dynamic job Form Flow and
interface for receiving automatic
and manual job input.
⚫
Conduct research and design of
integrated Opus One event access
and response interface.
⚫
Conduct research and design for the
integration of CMDB's network,
system, and personnel configuration
data to assist in automatic problem
and job correlation functions.
⚫
Conduct research and design for
worktrackingmanagement.

2025/09
Opus One IP Continuous
Configuration Management
Platform (Version 1.5.7)		 0% Add/improve the functions of Opus One
maintenance management module.
⚫
Suppressed alarms: Based on the
site topological information, the
module intelligently suppresses
unnecessary alarms to improve
maintenance and operation
efficiency.
⚫
Correlation analysis: With the
module function, the equipment
related to the alarm event can be
pointed out, the possible root cause
of the problem can be quickly
located, and the troubleshooting
time can be reduced. Add/improve
thefunctions ofthe Opus One		 2026/08

116

process management module.
⚫
Equipment inspection integration:
The LINE official account is
provided for equipment inspection
personnel to perform operations
conveniently and improve
inspection efficiency.
⚫
Quick repair report function:
Support scanning QR Code repair
report for the panel and peripheral
equipment, to simplify the repair
report process. Provide a dedicated
processing and reporting interface
for maintenance personnel to
achieve closed-loop management
and ensure that problems are
followed up and resolved in a
timelymanner.
Nursing AI Helper 60% Use of advanced speech recognition and
artificial intelligence technology to
reshape the nursing process to make
nursing work more efficient, accurate,
and user-friendly.		 2025/10
Use AI and Robotic Process
Automation (RPA) to improve
the efficiency of product
problem solving
25%		 ⚫
Currently, there is no similar
solution for converting Problem
List into knowledge management,
nor is there a tool similar to
generating automated script through
AI to improve the efficiency of
designers who do not know
programmers.
⚫
With the maturity of AI in LLM, it
can assist in the classification and
labeling of problem lists, so that AI
can play a part in knowledge
management and can greatly reduce
the maintenance cost of KM.
⚫
With the ability to generate Robot
Framework Scripts, AI can collect
issues from a problem list,
categorize them, generate the
corresponding Prompt Framework,
and assist in creating the relevant
Robot Framework Script. This
allows for the automation of issue
reproduction and complements the
testingmechanism.
2025/12

(IV)Effects of and Response to Changes in Policies and Regulations Relating to Corporate Finance and Sales ： None.

(V)Effects of and Response to Changes in Technology(including Information security risk) and the Industry Relating to Corporate Finance and Sales ：

The Company continues to pay attention to market changes and related technology development trends, actively grasp market opportunities, and strive to develop new products and new customer sources to enhance the company's long-term competitiveness.

The Company has long been committed to the control of information security and personal data protection, and has established a multi-layered security control and protection network and implemented a strict information security and joint prevention mechanism;

During the current year up to the date of publication of the Annual Report, no changes in technology (including information security risks) and the industry have affected the Company's financial and business matters.

117

  • (VI)The Impact in Corporate Image on Corporate Risk Management, and the Company’s Response Measures ： None.

  • (VII)Expected Benefits from, Risks Relating to and Response to Merger and Acquisition Plans ： None.

  • (VIII)Expected Benefits from, Risks Relating to and Response to Factory Expansion Plans: None.

  • (IX)Risks Relating to and Response to Excessive Concentration of Purchasing Sources and Excessive Customer Concentration: None.

  • (X)Effects of, Risks Relating to and Response to Large Share Transfers or Changes in Shareholdings by Directors,or Shareholders with Shareholdings of over 10%: None.

  • (XI)Effects of, Risks Relating to and Response to the Changes in Management Rights: None.

  • (XII)Litigation or Non-litigation Matters: None.

  • (XIII)Other Major Risks and countermeasures:

Risk management policy and organizational structure:

  1. Risk management policy:

  2. (1) Risk management is the guiding principle.

  3. (2) Establish a risk management mechanism with early assessment and measurement, effective monitoring and strict control.

  4. (3) Strive to control risks within acceptable or controlled limits.

  5. (4) All employees are aware of risks and continuously carry out risk control in the execution of their businesses.

  6. Risk management organizational structure:

  7. (1) Board of Directors

The Board of Directors of the Company is the highest unit of risk management and shall approve the risk management policy and structure, and is responsible for approving, reviewing, and monitoring the Company's risk management policy to ensure the effectiveness of risk management.

  • (2) Risk Management Group

The Risk Management Group is the responsible unit for executing risk management and is responsible for the monitoring, measurement and evaluation of the company's risk at the execution level. The Risk Management Group is directly under the President and reports its operation to the Board of Directors at least once a year.

The risk management of each operation of the Company is divided among relevant units according to the nature of their businesses, and the main risk management units of each operation are described as follows.

Responsible
unit		 Responsibilities
Marketing
Division		 Responsible for developing the company's marketing strategy, product
strategy, product pricing, market information collection and establishment,
etc. to reduce strategic risks and business operation risks.
Administration
and Planning
Division		 Responsible for human resources management, asset security management,
promotion of corporate social responsibility and ethical corporate
management (including the formulation of related policies, systems and
related risk assessment) to reduce related risk losses.
Finance
Division		 Responsible for financial capital deployment and utilization, and timely use
of hedging mechanisms to reduce financial risks in response to changes in
exchange rates and interest rates.
Computer
Center		 Responsible for information security control and protection measures to
reduce information security risks.
Audit Office Responsible for auditing the implementation of internal control systems for
business, finance and operations of each unit to strengthen the function of
internal control system.
Each execution
unit		 Responsible for analyzing and monitoring the management of business risks
in their respective units to ensure effective implementation of risk control
mechanisms and procedures.

VII.Other material matters: None.

118

Six. Special matters

  • I. Information about the Company’s Affiliates

Please refer to the MOPS website https://mops.twse.com.tw/ > Single Company > Electronic File Download > Related Party Three Statements Section

  • II. Private Placement Securities in the Most Recent Years ： None

  • III.Other supplementary information ： None.

  • IV.Any of the situations listed in Article 36, paragraph 3, subparagraph 2 of the Securities and Exchange Act, which might materially affect shareholders' equity or the price of the company's securities, has occurred during the most recent fiscal year or during the current fiscal year up to the date of publication of the annual report: None.

119

SYSCOM COMPUTER ENGINEERING CO.

Chairman Jui-Fu Liu

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