SZS - AGM Information 2025 | FinancialReports.eu

SHIN ZU SHING CO., LTD. 2025 Annual Shareholders' Meeting Minutes (Translation)

Type of Meeting: Physical Meeting

Time and Date: 9 a.m., June 10, 2025

Place: No. 1, Sanjun Street, Shulin District, New Taipei City (Shuang Yan Wedding Restaurant)

Quorum: 151,378,402 shares were represented by the shareholders and proxies present, which amounted to 77.32% of the Company’s 195,763,822 issued and outstanding shares.

Directors and Independent Director present:

Chao-Tsung Juan (Director), You-Qi Lu (Director), Cheng-Han Hsieh (Director), Ying-Fu Mao (Director)

Chi-Fa Cheng (Independent Director), Mei-Hui Li (Independent Director),

Chairman: Sheng-Nan Lu, the chairman of the Board of Directors

Recorder: Ya-Fen Fan

The aggregate shareholding of the shareholders present in person or by proxy constituted a quorum. The Chairman called the meeting to order.

A. Chairman’s speech (omitted)

B. Report Items

I. 2024 Business report.( Please refer to Attachment I)
II. 2024 Audit Committee's Review Report. (Please refer to Attachment II)
III. Report on 2024 distribution of remuneration to employees and directors.
IV. 2024 Report of Related Party Transactions
V. The company issued the third domestic unsecured convertible corporate bond Report. (Please refer to Attachment VI)

C. Approval Items

I. To accept 2024 Business Report and Financial Statements (Proposed by the Board of Directors) Explanatory Notes:
(I) The Company has completed formulation of the 2024 consolidated financial statements and individual financial statements. Audit has been completed by CPAs Hsieh,Ming-Chung and Hsu,Chi-Ming of Deloitte Taiwan and sent to the Audit Committee for review along with the business report. and a review report has been issued.
(II) For the business report, independent auditor's report and the above-mentioned financial statements, please refer to Attachment 1, Attachment 3 and Attachment 4 of this Manual.

Voting Results: Shares represented at the time of voting: 151,378,402

Voting Results: Shares represented at 151,378,402	the time of voting:
Voting Results*	% of the total represented sharepresent
Votes in favor: 124,829,876 votes (61,655,197votes)	82.46%
Votes in against: 32,315 votes (32,315 votes)	0.02%
Votesinvalid: 0 vote	0.00%
Votes abstained: 26,516,211 votes (26,513,211 votes)	17.51%

*including votes casted electronically (number in brackets)

RESOLVED, that the 2024 financial statements and business report be and hereby were accepted as submitted

II. To ratify the 2024 earnings distribution proposal. (Proposed by the Board of Directors) Explanatory Notes:
(I) The Company's 2024 net profit after tax is NT$1,359,331,877. For the proposed surplus distribution table, please refer to Attachment 5.
(II) Shareholders' cash dividends are calculated up to the dollar, rounded up to the dollar, and the total amount of fractional amounts less than one dollar shall be adjusted

in order of sequence from the largest to the smallest decimal number and from the first to last account number until consistent with the total amount of cash dividend distributed.

(III) For subsequent changes in the number of outstanding shares due to the buyback of the Company's shares, the transfer of treasury stocks, the execution of employee stock options, and the issuance of new shares for cash capital increase, etc., resulting in changes to the shareholder's dividend ratio, the chairman of the board is authorized to handle such matters.
(IV) Upon the approval of the Annual Shareholders' Meeting, it is proposed that the chairman of the board be authorized to resolve the ex-dividend date and other relevant issues.

Voting Results: Shares represented at the time of voting: 151,378,402

Voting Results: Shares represented at 151,378,402	the time of voting:
Voting Results*	% of the total represented sharepresent
Votes in favor: 125,251,948 votes (62,077,269 votes)	82.74%
Votes in against: 32,334 votes (32,334votes)	0.02%
Votesinvalid: 0 vote	0.00%
Votes abstained: 26,094,120 votes (26,091,120votes)	17.23%

*including votes casted electronically (number in brackets)

RESOLVED, that the above proposal be and hereby were accepted as submitted

D. Discussion Item
I. Distribution of cash dividends from capital surplus. (Proposed by the Board of Directors) Explanatory Notes:
- (I) The Company intends to set aside NT$587,291,466

from the capital surplus arising from paid-in capital in excess of par value on issuance of ordinary shares. Each share is distributed cash dividends of NT$3.0 with all amounts rounded up to the dollar, and the total amount of fractional amounts less than one dollar shall be adjusted in order of sequence from the largest to the smallest decimal number and from the first to last account number until consistent with the total amount of cash distributed.

(II) For subsequent changes in the dividend amount distributed per share due to the buyback of the Company's shares, the transfer of treasury stocks, the execution of employee stock options, and the issuance of new shares for cash capital increase, etc., resulting in changes to the shareholder's cash distribution ratio, the chairman of the board is authorized to handle such matters.
(III) Upon the approval of the Annual Shareholders' Meeting, it is proposed that the chairman of the board be authorized to resolve the payment date and other relevant issues.

Voting Results: Shares represented at the time of voting: 151,378,402

Voting Results: Shares represented at 151,378,402	the time of voting:
Voting Results*	% of the total represented sharepresent
Votes in favor: 125,247,925 votes (62,073,246 votes)	82.73%
Votes in against: 36,377 votes (36,377 votes)	0.02%
Votesinvalid: 0 vote	0.00%
Votes abstained: 26,094,100 votes (26,091,100votes)	17.23%

*including votes casted electronically (number in brackets)

RESOLVED, that the above proposal be and hereby were accepted as submitted

II. Amendment to the Articles of Incorporation (Proposed by the Board of Directors) Explanatory Notes:
(I) Pursuant to the Financial Supervisory Commission's Order No. 1130385442 issued on November 8, 2024, the Company amended some provisions of its Articles of Incorporation to supplement the provisions that companies whose stocks are listed on the stock exchange or over-the-counter securities exchange shall stipulate in their articles of incorporation that they shall use a certain percentage of their annual profits to adjust the salaries or distribute remuneration to grassroots employees.
(II) In order to meet the company's operational needs, it is proposed to increase the registered capital stipulated in the Company's "Articles of Association" and increase the number of directors' seats.
(III)Comparison Table of Amendments to the “Articles of Incorporation” (Please refer to Attachment VII.)

Voting Results: Shares represented at the time of voting: 151,378,402

151,378,402
Voting Results*	% of the total represented sharepresent
Votes in favor: 125,238,539 votes (62,063,860 votes)	82.73%
Votes in against: 44,226 votes (44,226 votes)	0.02%
Votesinvalid: 0 vote	0.00%
Votes abstained: 26,095,637 votes (26,092,637votes)	17.23%

*including votes casted electronically (number in brackets)

RESOLVED, that the above proposal be and hereby were accepted as submitted

E. Directors election

I .Directors Election To elect nine Directors(including three Independent Directors)
(Proposed by the Board of Directors)
Explanatory Notes：
- (I) The term of office of the current directors (including independent directors) of the company will expire on June 15, 2025, the Board of Directors resolved that nine Directors (including three Independent Directors) will be elected at this Annual Shareholders’ Meeting.
- (II) The terms of office of the Directors to be elected shall be three years, commencing on June 10, 2025 and expiring on June 9, 2028. The term of office of the original director expired at the completion of this general meeting of shareholders
- (III) The 18th meeting of the 20th Board of Directors on April 28, 2025 resolved that according to Article 13 of the company's articles of association, the Board of Directors resolved that nine Directors (including three Independent Directors) will be elected at this Annual Shareholders’ Meeting. The list of candidates for directors (including independent directors) as following.

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Title Name Education & Professional Qualifications Major Past Positions & Current Positions Shareholding(
shares)
Director Lu,Sheng-Nan Songshan high school of Commerce and Home Founding Chairman of Spring Association 17,545,346
Economics Founding Chairman of Spring Association
Director Juan,Chao-Tsung Dep. of Industrial Management, Taiwan Institute of Branch Manager of Asia East Securities 447,642
Technology National Chengchi University
Entrepreneurship Management Research Course Branch
Manager of Asia East Securities
Director Lu,Yu-Chi Master of Mechanical Engineering, University of General Manager, Jun Yu Plastics Co., Ltd. 0
California, San Diego Special Assistant, SZS Co., Ltd.
Chairman, Golden Point Management Co., Ltd.
Director Mao,Ying-Fu National Chung Hsing University Lawyer at Mao Law Office 0
Bachelor of Arts 、 Arbitrator Of Chinese Arbitration Association, Taipei
Fu Jen Catholic University Procurement Consults Committee
Master of Arts Member, Public Construction Commission, Executive Yuan,
Complaint Review Board
Director Hsieh,Cheng-Han National Cheng Kung University / B.S Michael Baker Jr. Inc. U.S. / Engineer 0
Carnegie Mellon University / M.S. Taiwan Life Insurance Co., Ltd., V.C. Dept. / Account Officer
Chartered Financial Analyst (CFA) Global Investment Holdings Co., Ltd. / Analyst / Assistant Manager
Aqua Asia Asset Management Co., Ltd. / Vice President
Director Cheng,Chi-Fa Department of Accounting, Zhongxing University Director of Jingxing United Certified Public 0
Independent Darren Shih Bachelor of Mechanical Engineering, National Taiwan Audit Manager, Deloitte & Touché 0
University C.F.O., Chi Cheng Enterprise Co., Ltd.
Director MBA, National Taiwan University Senior Director, Taiwan Mobile Co., Ltd.
Independent Chang,Yuan-Lung Department of Accounting, Tamkang University CHINCHENG CPA & CO.CPA 0
ARCOA COMMUNICATION CO., LTD
Director SENIOR MANAGER
Independent Li,Mei-Hui National Chengchi University Entrepreneur Class CFO,Feijie Technology Co., Ltd. Vice President 5,159
EMBA, Department of Business Administration, Supervisor, Feimao Electronics Shanghai
Director National Taipei University Supervisor,Berry AI Inc.
Director ,Flytech Foundation
Director ,POINDUS SYSTEMS CORP.
Supervisor,IRUGGY SYSTEMS CO, LTD
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Election Results: The list of the newly elected directors with indication of votes received is as follows:

Lu,Sheng-Nan, 194,008,640 votes,

Juan,Chao-Tsung, 105,342,755 votes,

Lu,Yu-Chi, 101,125,958 votes,

Mao,Ying-Fu, 99,487,316 votes,

Hsieh,Cheng-Han, 99,379,443 votes,

Cheng,Chi-Fa, 98,007,090 votes,

List of newly elected independent directors with indication of votes received is as follows:

Darren Shih, 96,750,915 votes, Chang,Yuan-Lung, 96,711,199 votes, Li,Mei-Hui, 95,697,693 votes

F. Other Proposals

I. Discussion of the release of the prohibition on newly-elected directors and their corporate representatives from participation in competitive business. (proposed by the Board of Directors) Explanatory Notes：

(1) According to Article 209 of the Company Act, a director who conducts business within the business scope of the company for himself or others shall explain at the shareholders' meeting the essential contents of such conduct and obtain the shareholders’ approval.
(2) In order to draw on the expertise and relevant experience of the directors of the company, in accordance with the provisions of Article 209 of the Company Act, it is proposed to request the shareholders' meeting to agree to lift the restriction on competition for directors. The list of the restriction on competition for new directors to be lifted is as follows:

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Title Name Current Positions (Note )
Director Juan,Chao-Tsung Director, JOCHU Technology Co., Ltd.
Director Lu,Yu-Chi Director, Ezfly International Travel Agent Co., Ltd. Director,
JOCHU Technology Co., Ltd.
Director, Teamphon Energy Co., LTD.
Director, TAIWAN TRUEWIN TECHNOLOGY CO., LTD
Director, FORESIGHT ENERGY TECHNOLOGIES CO.,
LTD.
Director,TRAVEL TO BUY CO., LTD.
Director Mao,Ying-Fu Lawyer at Mao Law Office
Supervisor, Fuxing Wood Company
Independent Director ,ANCANG CONSTRUCTION CO., LTD
Director Hsieh,Cheng-Han TopPro International Investment Co. Ltd. / President
Director Cheng,Chi-Fa CPA, Jing-Hsing United Accounting Firm
Chairman, Golden Point Management Ltd. Director,
Chairman ,Sen Berger Investment Co.Ltd.
Chairman,Yuan Fu Tai Development Ltd.
Director ,CoreMax Corporation
Coremax Corporation., Ltd. Director,
Shih Her Technologies Inc. Independent Director,
GSD TECHNOLOGIES CO.,LTD.
Ezfly International Travel Agent Co., Ltd. Director,
Independent Chang,Yuan-Lung CHINCHENG CPA & CO.
Director
Independent Director ,GSD Techmologies Co.,Ltd.
Independent Director ,CoreMax Corporation
Director ,JOHNSON FINE CHEMICAL CO.,LTD
Independent Li,Mei-Hui Vice President ,ADTEK ELECTRONICS CO., LTD.
Director
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Voting Results: Shares represented at the time of voting: 151,378,402

Voting Results: Shares represented at 151,378,402	the time of voting:
Voting Results*	% of the total represented sharepresent
Votes in favor: 115,798,157 votes (52,623,478 votes)	76.49%
Votes in against: 60,163votes (60,163 votes)	0.03%
Votesinvalid: 0 vote	0.00%
Votes abstained: 35,520,082 votes (35,517,082votes)	23.46%

*including votes casted electronically (number in brackets)

RESOLVED, that the above proposal be and hereby were accepted as submitted

G. Extempore Motions

There being no other business and special motion duly made and seconded, the meeting was adjourned at 9:26 a.m

Attachment 1

SHIN ZU SHING CO., LTD. 2024 Business Report

Implementation achievements of the 2024 business plan

In 2024, with the continuous expansion of AI applications, the global commodity trade recovered; however, the recovery pace differs from industry to industry, and the global economy grew slowly. However, the rising demand for electronic products and the expanded demand for HPC, AI, and other emerging technology applications resulted in an increase in the sales of hinge products. In particular, earphones steadily occupy the leading position in the global wearable device market. In addition, despite international political and economic uncertainties and geopolitical risks, SZS constantly adjusts its business strategic directions in the face of various risk environments and grasps various potential opportunities while minimizing relevant risks. Due to the slowdown of inflation and the recovery of consumer power, the Company's revenue in 2024 was better than expected. However, the continued strengthening of process automation and the development and deployment of new products have resulted in a slight excess of relevant expenditures. Nonetheless, we recorded favorable profitability performance with the joint efforts of all employees. In the future, SZS will continue to focus on developing the hinge industry, developing new technologies and materials (low-carbon), strengthening process automation, and innovating and developing in different industrial fields. Adhering to the corporate core value of “sustainable management,” we will actively promote corporate social responsibility and actively disclose our efforts and achievements in terms of environment, society, and corporate governance (ESG). With the joint efforts of all employees, SZS further won the “Sustainability Report Silver Award” in 2024, after winning the “Sustainability Report Bronze Award” in 2023, verifying the determination of SZS in continuous progress in sustainable development.

(I) Operating income and expenditure, and budgets

Unit: NTD thousands

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Item Budget for 2024 Amount in 2024 Achievement rate %
Net operating income 12,125,069 13,327,345 109.92%
Operating cost 9,273,187 10,865,271 117.17%
Gross operating profit 2,851,882 2,462,074 86.33%
Operating expenses 1,059,511 1,208,723 114.08%
Operating net profit 1,792,371 1,253,351 69.93%
Net profit before tax 2,047,820 1,875,483 91.58%
Net profit for the period 1,601,847 1,359,332 84.86%
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(II) Profitability Analysis

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Item 2024(%) 2023(%)
Liabilities to assets ratio (%) 22.78 27.83
Financial
Long-term capital to property, plant and
structure 337.94 298.69
equipment ratio (%)
Current ratio (%) 336.78 227.83
Solvency Quick ratio (%) 283.67 194.90
Times interest earned (times) 6,556.05 5,081.46
Return on assets (%) 6.17 3.84
Return on equity (%) 8.11 5.14
Ratio of income before tax to paid-in
Profitability 95.81 61.95
capital (%)
Net profit margin (%) 10.20 8.02
Earnings per share (NTD) 7.15 4.30
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Benefiting from the growth of the hinge industry, the Company's shipments of notebook pivots in 2024 were approximately 48,905 thousand pcs, an increase of approximately 24% compared to the previous year. The shipments of LCD pivots were approximately 6,055 thousand pcs, approximately 25% less than the previous year. In the main revenue ratio in 2024, the NB hinge was approximately 20%, the LCD hinge was approximately 13%, and the wearable and accessory hinge was approximately 53%. In 2024, the consolidated revenue of the Company was NT$13.327 billion, representing an increase of approximately 32% from NT$10.067 billion in the preceding year. The consolidated gross margin was 18%, and the net profit margin was 9%, the same as the preceding year. Net profit after tax was NT$1.3579 billion, representing an increase of approximately 68% from NT$807 million in the preceding year. Basic earnings per share after tax were NT$7.15, representing an increase of approximately 66% from NT$4.30 in the preceding year.

Summary of the 2025 business plan

Looking forward, global economic development is full of uncertainties. In addition, the policy content of the new U.S. government is to be observed. Although the Chinese government has released favorable policies, the new U.S. government may take a more stringent stance on China, which will suppress consumer confidence in China and result in weak domestic demand. The Russo-Ukrainian war has not yet stopped, and the effects of geopolitical risks on industries have not eased. Facing the risks of such uncertainties, the management team of SZS will adopt Taiwan as the base for innovation and development to expand its scale, improve R&D and product innovation capacity, accelerate the operations of the production base in Bac Giang (Vietnam) and Suzhou (China), and provide real-time services and manufacturing quality to customers. On the other hand, with the continuous investment in technology development, SZS recorded favorable development in the foldable products of different applications in 2025 while duly utilizing its working capital to set foot in new industries through technological integration or strategic cooperation (i.e., bicycles, AI-related, and (humanoid) robots) so as to constantly explore and grasp new market opportunities and initiate the next-stage development of the industry.

In a rapidly changing environment, talent is critical to value creation and enhancement for companies. Therefore, SZS is committed to establishing stable employee relations in order to provide an environment where the right person is placed in the right position. We also offer complete education and training to achieve talent retention and cultivation. At the same time, the Company is also recruiting a wide range of talent and hiring talent with great vision, creativity, and execution skills. We hope that our employees will gain insights into various industries with a forward-looking lens, give full play to their expertise, and grow together with SZS with technical skills and stable management capacity to achieve a win-win situation.

In terms of overall future development, in addition to the pursuit of operational excellence, to cope with the environmental impact brought about by climate change, SZS is determined to continuously develop more competitive products that are conducive to environmental development, introduce low-carbon production processes step by step, and restore the value of waste through recycling for sustainable development. With the vision of people orientation, environmental symbiosis, and social prosperity, we integrate the ultimate goal of various ESG promotion actions into our business operations, and we have also formed alliances with partners in the supply chain to strengthen supply chain management, achieving mutual benefits and sustainability.

In the end, I would like to express my sincere appreciation to all our shareholders, customers, and partners for their support of SZS. In the future, we will continue to commit to corporate innovation and growth, care for comprehensive corporate governance, and adhere to ethical corporate management in the hope of stepping toward a sustainable future at a stable pace.

Good wishes to you all

Good health and all the best

Shin Zu Shing Co., Ltd. Chairman : Sheng-Nan Lu CEO : Chao-Tsong Yuan Head of accounting : Ya-Fen Fan

Attachment 2

SHIN ZU SHING CO., LTD.

Audit Committee's Review Report

The board of directors has prepared the company's 2024 financial statements as well as the business report and the surplus distribution proposal. Among them, the financial statements were verified by CPAs Hsieh,Ming-Chung and Hsu,Chi-Ming of Deloitte Taiwan, and an independent auditor's report has been issued. The above documents have been reviewed by the Audit Committee as correctly portraying the Company's business activities. In accordance with Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Act, this report is compiled and presented for shareholder's examination.

SHIN ZU SHING CO., LTD. 2025 Annual Shareholders' Meeting

Audit Committee convener: Yuan-Long Chang

March 13, 2025

Attachment 3

Independent Auditor's Report

The Board of Directors and Shareholders Shin Zu Shing Co., Ltd.

Opinion

We have audited the accompanying consolidated financial statements of Shin Zu Shing Co., Ltd. and its subsidiaries (collectively referred to as the “Group”), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the consolidated statements of comprehensive income, changes in equity and cash flows for the years then ended, and the notes to the consolidated financial statements, including a summary of significant accounting policies (collectively referred to as the “consolidated financial statements”).

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as of December 31, 2024 and 2023, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

Basis for Opinion

We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and the Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with The Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements for the year ended December 31, 2024. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Assessment of Revenue Recognition

Shin Zu Shing Co., Ltd. and its subsidiaries mainly engaged in the research and development, production and sales of notebook computers, liquid crystal display hubs and

MIM (Metal injection molding). Considering that there are significant risks in the revenue recognition of the audit standards, and the revenue of wearable products has grown significantly this year. Therefore, the authenticity of revenue from the wearable products sales of Shin Zu Shing Co., Ltd. is considered actually occurred is as the key audit matter.

The audit procedures performed by the accountant in response to the above key audits are summarized as follows:

Understand the internal control of sales revenue of wearable products and its implementation effectiveness.
Conduct a detailed sales revenue test for wearable products to check if a sales revenue transaction has actually occurred.
For customers selling wearable products, obtain the details of revenue recognized by accountants, and check whether the revenue recognition has been approved by relevant personnel after evaluating the transaction conditions.

Other Matter

We have audited the separate financial statements of Shin Zu Shing Co., Ltd. as of and for the years ended December 31, 2024 and 2023 on which we have issued an unmodified opinion.

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

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and IFRS, IAS, IFRIC, and SIC endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

Those charged with governance, including the audit committee, are responsible for overseeing the Group’s financial reporting process.

Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient and appropriate audit evidence regarding the financial information of entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision, and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements for the year ended December 31, 2024 and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

The engagement partners on the audit resulting in this independent auditors’ report are Ming-Chung Hsieh and Chin-Ming Hsu.

Deloitte & Touche Taipei, Taiwan Republic of China

March 13, 2025

Notice to Readers

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

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

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

SHIN ZU SHING CO., LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)
ASSETS CURRENT ASSETS Cash and cash equivalents (Note 6) Financial assets at fair value through profit or loss - current (Notes 7 and 31) Financial assets at amortized cost - current (Note 9) Notes receivable (Note 10) Accounts receivable (Note 10 and 24) Accounts receivable from related parties (Notes 10 and 32) Other receivables (Note 10) Inventories (Note 11) Other current assets Total current assets NON-CURRENT ASSETS Financial assets at fair value through other comprehensive income - non-current (Note 8) Investments accounted for using the equity method (Note 13) Property, plant and equipment (Note 14) Right-of-use assets (Note 15) Investment properties, net (Note 16) Deferred tax assets (Note 26) Refundable deposits Other non-current assets (Notes 17 and 22) Total non-current assets TOTAL LIABILITIES AND EQUITY CURRENT LIABILITIES Short-term loans (Note 18) Financial liabilities at fair value through profit or loss - current (Notes 7 and 31) Notes payable, net Accounts payable, net (Note 20) Accounts payable to related parties, net (Note 32) Other payables (Note 21) Other payables to related parties (Note 32) Current tax liabilities (Note 26) Lease liabilities - current (Note 15) Other current liabilities (Note 24) Total current liabilities NON-CURRENT LIABILITIES Financial liabilities at fair value through profit or loss - non-current (Notes 7 and 31) Bonds payable (Note 19) Deferred tax liabilities (Note 26) Lease liabilities - non-current (Note 15) Guarantee deposits received Total non-current liabilities Total liabilities EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT (Note 23) Share capital Ordinary shares Capital surplus Retained earnings Legal reserve Special reserve Unappropriated earnings Total retained earnings Other equity Total equity TOTAL		2024 Amount % $ 2,107,388 9 182,133 1 3,869,500 17 97,434 - 5,271,462 23 6,615 - 69,172 - 1,946,468 8 234,122 1 13,784,294 59 753,316 3 165,229 1 5,674,161 25 178,137 1 2,403,465 10 30,715 - 21,801 - 257,167 1 9,483,991 41 $ 23,268,285 100 $ - - - - 17 - 2,555,315 11 341,908 1 823,784 4 924 - 218,497 1 38,071 - 114,510 1 4,093,026 18 4,640 - 731,448 3 429,239 2 21,034 - 20,357 - 1,206,718 5 5,299,744 23 1,957,483 9 3,078,250 13 2,104,524 9 346,330 1 10,665,480 46 13,116,334 56 (183,526) (1) 17,968,541 77 $ 23,268,285 100		2023
				Amount % $ 2,619,354 12 195,695 1 3,764,118 17 41,891 - 4,066,896 19 1,394 - 80,721 - 1,621,791 8 208,442 1 12,600,302 58 756,380 4 172,081 1 5,363,886 25 67,631 - 2,422,671 11 87,226 1 15,632 - 66,259 - 8,951,766 42 $ 21,552,068 100 $ 1,819,740 9 1,052 - 31 - 2,234,118 10 359,953 2 690,121 3 2,280 - 22,828 - 30,464 - 369,872 2 5,530,459 26 - - - - 414,456 2 31,206 - 22,689 - 468,351 2 5,998,810 28 1,877,483 9 1,807,450 8 2,021,998 9 320,399 2 9,872,258 46 12,214,655 57 (346,330) (2) 15,553,258 72 $ 21,552,068 100

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

10 -

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

NET REVENUE (Note 24 and 32) OPERATING COGS (Note 11 and 32) GROSS PROFIT OPERATING EXPENSES Selling expenses Administrative expenses Research and development expenses Expected credit reversal on account receivables Total operating expenses INCOME FROM OPERATIONS NON-OPERATING INCOME AND EXPENSES Interest income (Note 25) Other income (Note 25 and 32) Other gains and losses, net (Note 25) Finance costs (Note 25) Share of profits of associates (Note 13) Total non-operating income and expenses INCOME BEFORE INCOME TAX INCOME TAX EXPENSE (Note 26) NET INCOME OTHER COMPREHENSIVE INCOME (LOSS) Item that will not be reclassified subsequently to profit or loss: Remeasurement of defined benefit plans Unrealized gain on investments in equity instruments at fair value through other comprehensive income Item that may be reclassified subsequently to profit or loss: Exchange differences on translating the financial statements of foreign operations		2024 Amount % $ 13,327,345 100 10,865,271 82 2,462,074 18 155,408 1 537,612 4 516,960 4 (1,257) - 1,208,723 9 1,253,351 9 129,802 1 258,746 2 276,344 2 (29,050) - (13,710) - 622,132 5 1,875,483 14 516,151 4 1,359,332 10 4,493 - 2,563 - 168,078 2		2023
				Amount % $ 10,067,747 100 8,262,923 82 1,804,824 18 134,363 1 461,454 5 313,902 3 (13,779) - 895,940 9 908,884 9 136,605 2 133,717 1 6,828 - (23,350) - 486 - 254,286 3 1,163,170 12 355,766 4 807,404 8 471 - 56,760 1 (65,303) (1) (Continued)

11 -

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

Other comprehensive income (loss) for the year TOTAL COMPREHENSIVE INCOME NET INCOME ATTRIBUTABLE TO: Shareholders of the parent Non-controlling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO: Shareholders of the parent Non-controlling interests EARNINGS PER SHARE (Note 27) Basic Diluted		2024 Amount % $ 175,134 2 $ 1,534,466 12 $ 1,359,332 10 - - $ 1,359,332 10 $ 1,534,466 12 - - $ 1,534,466 12 $ 7.15 $ 7.11		2023
				Amount % $ (8,072) - $ 799,332 8 $ 807,404 8 - - $ 807,404 8 $ 799,332 8 - - $ 799,332 8 $ 4.30 $ 4.29

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

12 -

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

BALANCE AT JANUARY 1, 2023 Appropriation of 2022 earnings Legal reserve Cash dividends to shareholders Special reserve Issuance of shares dividends from capital surplus Net income for the year ended December 31, 2023 Other comprehensive income (loss) for the year ended December 31, 2023, net of income tax Total comprehensive income (loss) for the year ended December 31, 2023 Disposal of the investment in equity instruments designed as at fair value through other comprehensive income BALANCE AT DECEMBER 31, 2023 Appropriation of 2023 earnings Legal reserve Special reserve Cash dividends to shareholders Equity component of convertible bonds issued by the Company Issuance of shares dividends from capital surplus Net income for the year ended December 31, 2024 Other comprehensive income (loss) for the year ended December 31, 2024, net of income tax Total comprehensive income (loss) for the year ended December 31, 2024 Issuance of ordinary shares for cash Disposal of subsidiary (Note 12)			Equity Attributable to Owners of the Company	Equity Attributable to Owners of the Company
	Ordinary Shares Capital Surplus $ 1,877,483 $ 2,370,695 - - - - - - - (563,245) - - - - - - - - 1,877,483 1,807,450 - - - - - - - 233,543 - (281,623) - - - - - - $ 80,000 $ 1,280,000 - -		Retained Earnings Legal Reserve Special Reserve Unappropriated Earnings $ 1,886,935 $ 393,011 $ 9,672,691 135,063 - (135,063) - - (563,245) - (72,612) 72,612 - - - - - 807,404 - - 471 - - 807,875 - - 17,388 2,021,998 320,399 9,872,258 82,526 - (82,526) - 25,931 (25,931) - - (469,371) - - - - - - - - 1,359,332 - - 4,493 - - 1,363,825 $ - $ - $ - - - -	Others Exchange Differences on Translating Unrealized Gain (Loss) on Financial Assets the Financial Statements of at Fair Value Through Other Equity Attributable to Foreign Operations Comprehensive Income Owners of the Company $ (227,649) $ (92,750) $ 15,880,416 - - - - - (563,245) - - - - - (563,245) - - 807,404 (65,303) 56,760 (8,072) (65,303) 56,760 799,332 - (17,388) - (292,952) (53,378) 15,553,258 - - - - - - - - (469,371) - - 233,543 - - (281,623) - - 1,359,332 168,078 2,563 175,134 168,078 2,563 1,534,466 $ - $ - $ 1,360,000 (612) - (612)	Total Equity $ 15,880,416 - (563,245) - (563,245) 807,404 (8,072) 799,332 - 15,553,258 - - (469,371) 233,543 (281,623) 1,359,332 175,134 1,534,466 $ 1,360,000 (612)

13 -

Share-based payment Disposal of the investment in equity instruments designed as at fair value through other comprehensive income BALANCE AT DECEMBER 31, 2024	- - $ 1,957,483	38,880 - $ 3,078,250	- - $ 2,104,524	- - $ 346,330	- 7,225 $ 10,665,480	- - $ (125,486)	- (7,225) $ (58,040)	38,880 - $ 17,968,541	38,880 -
									$ 17,968,541

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

14 -

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax

Adjustments for:
Depreciation expense
Expected credit recognized reversal
Net loss on fair value change of financial assets and liabilities
at fair value through profit or loss
Finance costs
Interest income
Dividend income
Compensation cost of employee share options
Share of loss (profit) of associates
(Gain) loss on disposal of property, plant and equipment, net
(Gain)~~Ll~~oss on disposal of subsidiaries
Gain on disposal of financial assets, net
Write-down of inventories
Reversal of write-downs of inventories
Gain on modification of lease
Changes in operating assets and liabilities
Notes receivable
Accounts receivable

Accounts receivable from related parties
Other receivables
Inventories
Other current assets
Notes payable
Accounts payable
Accounts payable to related parties
Other payables
Other payables to related parties
Other current liabilities

Cash generated from operations
Interest received
Dividends received
Interest paid
Income tax paid

Net cash generated from operating activities

NET CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions of financial assets at fair value through other
comprehensive income
Proceeds from disposal of financial assets at fair value through
other comprehensive income
Increase in financial assets at amortized cost

2024
2023
$ 1,875,483
$ 1,163,170
541,920
596,864
(1,257)
(13,779)
40,098
62,350
29,050
23,350
(129,802)
(136,605)
(15,280)
(18,748)
38,880
-
13,710
(486)
(138,889)
(1,603)
(612)
13,885
(1,596)
(9,929)
1,269
-
-
(39,198)
(74)
(539)
(55,543)
(30,643)
(1,203,366)
299,907
(5,221)
(1,359)
9,387
(18,332)
(326,327)
83,275
(26,247)
(114,819)
553
12
321,197
733,072
(18,405)
173,018
81,082
(24,578)
(1,356)
1,705
(255,362)

(104,891)
773,652
2,635,099
132,979
122,074
15,280
18,748
(31,514)
(19,300)
(248,767)

(646,610)
641,630
2,110,011
(3,000)
(511,440)
9,190
7,658
(105,382)
(770,162)
(Continued)

15 -

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

Acquisitions of financial assets at fair value through profit or loss Proceeds from disposal of financial assets at fair value through profit or loss Payments for disposal of investments accounted for using the equity method Acquisitions for property, plant and equipment Proceeds from disposal of property, plant and equipment Increase in refundable deposits Proceeds from expropriation of land Increase in other non-current assets Net cash used in investing activities NET CASH FLOWS FROM FINANCING ACTIVITIES (Decrease) increase in short-term loans Proceeds from issuance of bonds (Decrease) increase in guarantee deposits received Repayment of the principal portion of lease liabilities Cash dividends Issuance of ordinary shares for cash Net cash used in financing activities EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS NET DECREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR	2024 $ (26,788) 1,596 - (666,198) 182,875 (5,949) (116,343) (375,895) (1,105,894) (1,819,740) 963,841 (2,698) (43,982) (750,994) 1,360,000 (293,573) 245,871 (511,966) 2,619,354 $ 2,107,388	2023 $ (83,369) 24,495 (80,275) (117,867) 19,209 (171) - (80,178) (1,592,100) 38,560 - 4,092 (51,491) (1,126,490) - (1,135,329) (45,341) (662,759) 3,282,113 $ 2,619,354

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

16 -

Attachment 4

Independent Auditor's Report

The Board of Directors and Shareholders Shin Zu Shing Co., Ltd.

Opinion

We have audited the accompanying financial statements of Shin Zu Shing Co., Ltd. (the “Company”), which comprise the balance sheets as of December 31, 2024 and 2023, and the statements of comprehensive income, changes in equity and cash flows for the years then ended, and the notes to the financial statements, including a summary of significant accounting policies (collectively referred to as the “financial statements”).

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and its financial performance and its cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Basis for Opinion

We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and the Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with The Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements for the year ended December 31, 2024. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Assessment of Revenue Recognition

Shin Zu Shing Co., Ltd. and its subsidiaries mainly engaged in the research and development, production and sales of notebook computers, liquid crystal display hubs and MIM (Metal injection molding). Considering that there are significant risks in the revenue recognition of the audit standards, and the revenue of wearable products has grown significantly this year. Therefore, the authenticity of revenue from the wearable products sales of Shin Zu Shing Co., Ltd. is considered actually occurred is as the key audit matter.

The audit procedures performed by the accountant in response to the above key audits are summarized as follows:

Understand the internal control of sales revenue of wearable products and its implementation effectiveness.
Conduct a detailed sales revenue test for wearable products to check if a sales revenue transaction has actually occurred.
For customers selling wearable products, obtain the details of revenue recognized by accountants, and check whether the revenue recognition has been approved by relevant personnel after evaluating the transaction conditions.

Responsibilities of Management and Those Charged with Governance for the Parent Company Only Financial Statements

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

In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those charged with governance, including the audit committee, are responsible for overseeing the Company’s financial reporting process.

Auditors’ Responsibilities for the Audit of the Parent Company Only Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient and appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements for the year ended December 31, 2024 and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

The engagement partners on the audits resulting in this independent auditors’ report are Ming-Chung and Chin-Ming Hsu.

Deloitte & Touche Taipei, Taiwan Republic of China March 13, 2025

Notice to Readers

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

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

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

2024 ASSETS Amount CURRENT ASSETS Cash and cash equivalents (Notes 6 and 29) $ 378,261 Financial assets at amortized cost - current (Notes 8 and 29) 2,775,645 Notes receivable, net (Notes 9 and 29) 4,453 Accounts receivable, net (Notes 9 and 29) 4,324,115 Accounts receivable from related parties, net (Notes 9, 29 and 30) 58,990 Other receivables (Note 29) 31,075 Inventories (Note 10) 1,366,302 Other current assets 129,725 Total current assets 9,068,566 NON-CURRENT ASSETS Investments accounted for using equity method (Note 11) 5,496,058 Property, plant and equipment (Note 12) 5,028,991 Right-of-use assets (Note 13) 17,546 Investment properties, net (Note 14) 2,403,465 Deferred tax assets (Note 24) 30,715 Refundable deposits 7,399 Other non-current assets (Notes 15 and 20) 257,158 Total non-current assets 13,241,332 TOTAL $ 22,309,898 LIABILITIES AND EQUITY CURRENT LIABILITIES Short-term loans (Notes 16 and 29) $ - Financial liabilities at fair value through profit or loss - current (Notes 7 and 29) - Notes payable (Note 29) 17 Accounts payable (Notes 18 and 29) 775,197 Accounts payable to related parties (Notes 29 and 30) 1,454,168 Other payables (Notes 19 and 29) 608,481 Other payables to related parties (Note 30) 885 Current tax liabilities (Note 24) 186,524 Lease liabilities - current (Notes 13 and 29) 11,634 Other current liabilities 120,746 Total current liabilities 3,157,652 NON-CURRENT LIABILITIES Financial liabilities at fair value through profit or loss - non-current (Notes 7 and 29) 4,640 Bonds payable (Note 17) 731,448 Deferred tax liabilities (Note 24) 429,239 Lease liabilities - non-current (Notes 13 and 29) 6,127 Guarantee deposits received (Notes 14 and 30) 12,251 Total non-current liabilities 1,183,705 Total liabilities 4,341,357 EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT (Note 21) Share capital Ordinary shares 1,957,483 Capital surplus 3,078,250 Retained earnings Legal reserve 2,104,524 Special reserve 346,330 Unappropriated earnings 10,665,480 Total retained earnings 13,116,334 Other equity (183,526) Total equity 17,968,541 TOTAL $ 22,309,898 The accompanying notes are an integral part of the parent company only financial statementss.		2024	% 2 13 - 19 - - 6 1 41 25 22 - 11 - - 1 59 100 - - - 3 6 3 - 1 - 1 14 - 3 2 - - 5 19 9 14 9 2 48 59 (1) 81 100		2023
					Amount % $ 686,810 3 2,692,470 13 3,079 - 3,077,912 15 29,919 - 41,277 - 1,125,426 6 12,338 - 7,669,231 37 5,302,378 26 5,039,765 25 29,634 - 2,422,671 12 87,012 - 9,870 - 66,238 - 12,957,568 63 $ 20,626,799 100 $ 1,819,740 9 1,052 - 31 - 744,513 4 1,148,666 5 532,274 3 1,820 - 8,735 - 18,615 - 360,227 2 4,635,673 23 - - - - 414,456 2 11,410 - 12,002 - 437,868 2 5,073,541 25 1,877,483 9 1,807,450 9 2,021,998 10 320,399 1 9,872,258 48 12,214,655 59 (346,330) (2) 15,553,258 75 $ 20,626,799 100

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

NET REVENUE (Notes 22 and 30) OPERATING COGS (Notes 10 and 30) GROSS PROFIT UNREALIZED GAIN ON THE TRANSACTIONS WITH SUBSIDIARIES REALIZED GAIN ON THE TRANSACTIONS WITH SUBSIDIARIES NET GROSS PROFIT OPERATING EXPENSES (Note 30) Selling expenses Administrative expenses Research and development expenses Total operating expenses INCOME FROM OPERATIONS NON-OPERATING INCOME AND EXPENSES Interest income (Note 23) Other income (Notes 23 and 30) Other gains and losses, net (Note 23) Finance costs (Note 23) Share of profit of subsidiaries Total non-operating income and expenses INCOME BEFORE INCOME TAX INCOME TAX EXPENSE (Note 24) NET INCOME OTHER COMPREHENSIVE (LOSS) INCOME Items that will not be reclassified subsequently to profit or loss:		2024 Amount % $11,120,796 100 9,140,932 82 1,979,864 18 1,629 - 2,849 - 1,981,084 18 82,984 1 417,637 4 395,797 3 896,418 8 1,084,666 10 58,691 - 171,298 2 253,430 2 (26,847) - 249,178 2 705,750 6 1,790,416 16 431,084 4 1,359,332 12		2023
				Amount % $ 7,478,880 100 6,207,298 83 1,271,582 17 4,158 - 1,379 - 1,268,803 17 68,340 1 342,446 4 269,725 4 680,511 9 588,292 8 54,105 1 106,083 1 (53,906) (1) (21,084) - 383,036 5 468,234 6 1,056,526 14 249,122 3 807,404 11

(Continued)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese)

SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

Remeasurement of defined benefit plans (Note 20) Unrealized loss on investments in equity instruments at fair value through other comprehensive income Items that may be reclassified subsequently to profit or loss: Exchange differences on translating the financial statements of foreign operations Other comprehensive income (loss) for the year TOTAL COMPREHENSIVE INCOME EARNINGS PER SHARE (Note 25) Basic Diluted		2024 Amount % $ 4,493 - 2,563 - 168,078 2 175,134 2 $ 1,534,466 14 $ 7.15 $ 7.11		2023
				Amount % $ 471 - 56,760 1 (65,303) (1) (8,072) - $ 799,332 11 $ 4.30 $ 4.29

				$

The accompanying notes are an integral part of the parent company only financial statements.(Concluded)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

Ordinary Shares Capital Surplus BALANCE AT JANUARY 1, 2023 $ 1,877,483 $ 2,370,695 Appropriation of 2022 earnings Legal reserve - - Cash dividends to shareholders - - Special reserve - - Issuance of shares dividends from capital surplus - (563,245) Net income for the year ended December 31, 2023 - - Other comprehensive income (loss) for the year ended December 31, 2023, net of income tax - - Total comprehensive income (loss) for the year ended December 31, 2023 - - Disposal of the investment in equity instruments designed as at fair value through other comprehensive income - - BALANCE AT DECEMBER 31, 2023 1,877,483 1,807,450 Appropriation of 2023 earnings Legal reserve - - Special reserve - - Cash dividends to shareholders - - Equity component of convertible bonds issued by the Company - 233,543 Issuance of shares dividends from capital surplus - (281,623) Net income for the year ended December 31, 2024 - - Other comprehensive income (loss) for the year ended December 31, 2024, net of income tax - - Total comprehensive income for the year ended December 31, 2024 - - Issuance of ordinary shares for cash 80,000 1,280,000 Disposal of subsidiary - - Share-based payment - 38,880 Disposal of the investment in equity instruments designed as at fair value through other comprehensive income - - BALANCE AT DECEMBER 31, 2024 $ 1,957,483 $ 3,078,250	Retained Earnings Legal Reserve Special Reserve Unappropriated Earnings $ 1,886,935 $ 393,011 $ 9,672,691 135,063 - (135,063) - - (563,245) - (72,612) 72,612 - - - - - 807,404 - - 471 - - 807,875 - - 17,388 2,021,998 320,399 9,872,258 82,526 - (82,526) - 25,931 (25,931) - - (469,371) - - - - - - - - 1,359,332 - - 4,493 - - 1,363,825 - - - - - - - - - - - 7,225 $ 2,104,524 $ 346,330 $ 10,665,480	Others Exchange Differences on Translating the Financial Unrealized Gain (Loss) on Financial Assets at Fair Value Through Other Statements of Foreign Operations Comprehensive Income $ (227,649) $ (92,750) - - - - - - - - - - (65,303) 56,760 (65,303) 56,760 - (17,388) (292,952) (53,378) - - - - - - - - - - - - 168,078 2,563 168,078 2,563 - - (612) - - - - (7,225) $ (125,486) $ (58,040)	Total Equity $ 15,880,416 - (563,245) - (563,245) 807,404 (8,072) 799,332 - 15,553,258 - - (469,371) 233,543 (281,623) 1,359,332 175,134 1,534,466 1,360,000 (612) 38,880 - $ 17,968,541

The accompanying notes are an integral part of the parent company only financial statements.

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax Adjustments for: Depreciation expense Net (gain) loss on fair value change of financial assets and liabilities at fair value through profit or loss Finance costs Interest income Compensation cost of employee share options Share of profit of subsidiaries Gain on disposal of property, plant and equipment, net Gain on disposal of subsidiaries Reversal of write-downs of inventories Unrealized gain on the transactions with associates Realized gain on the transactions with associates Gain on modification of lease Changes in operating assets and liabilities: Notes receivable Accounts receivable Accounts receivable from related parties Other receivables Inventories Other current assets Notes payable Accounts payable Accounts payable to related parties Other payables Other payables to related parties Other current liabilities Cash generated from operations Interest received Interest paid Income tax paid Net cash generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Increase in financial assets at amortized cost Acquisitions of investments accounted for using the equity method Net Cash Proceeds from Disposal of Subsidiary Proceeds from capital reduction of associates Acquisitions for property, plant and equipment Proceeds from disposal of property, plant and equipment	2024 $ 1,790,416 415,796 (252) 26,847 (58,691) 38,880 (249,178) (140,157) (518) - 1,629 (2,849) (74) (1,374) (1,246,203) (29,071) 11,535 (240,876) (117,387) (14) 30,684 305,502 54,084 (935) (239,481) 348,313 57,358 (19,885) (159,523) 226,263 (83,175) - 344 - (180,989) 160,681	2023 $ 1,056,526 466,049 100,689 21,084 (54,105) - (383,036) (3,050) - (33,113) 4,158 (1,379) - 3,297 381,002 (5,949) (14,920) 24,079 5,578 12 208,572 337,722 (38,601) 1,597 (113,763) 1,962,449 53,042 (19,255) (445,406) 1,550,830 (767,225) (760,890) - 395,785 (67,004) 17,872

(Continued)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

Decrease (increase) in refundable deposit Dividends received from subsidiaries Increase in other non-current assets Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES (Decrease) increase in short-term loans Proceeds from issuance of bonds Increase in guarantee deposits received Repayment of the principal portion of lease liabilities Cash dividends Issuance of ordinary shares for cash Net cash used in financing activities NET DECREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR	2024 $ 2,471 204,229 (375,905) (272,344) (1,819,740) 963,841 249 (15,824) (750,994) 1,360,000 (262,468) (308,549) 686,810 $ 378,261	2023 $ (604) 782,147 (80,202) (480,121) 38,560 - 2,910 (21,122) (1,126,490) - (1,106,142) (35,433) 722,243 $ 686,810

The accompanying notes are an integral part of the parent company only financial statements.(Concluded)

Attachment 5

SHIN ZU SHING CO., LTD. 2024 Earnings Distribution Statement

Unit: NT$

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Item Subtotal Total
Undistributed earnings at the beginning of the period 9,294,429,405
Net Income of 2024 1,359,331,877
Treasury stock retired
Defined benefit plan remeasurement amount 4,491,907
recognized as retained earnings
The total amount of after-tax net income for the period 7,226,016
and other items adjusted to the current year’s
undistributed earnings other than after-tax net income
for the period
The amount of net profit after tax for the period plus
items other than net profit for the period included in 1,371,049,800
the 2024's undistributed earnings
Legal Reserve (10%) (137,104,980)
special reserve 162,804,357
Items for distribution: 10,691,178,582
Dividends to shareholders -- cash -- [email protected] (587,291,466) (587,291,466)
Undistributed earnings at the end of the period 10,103,887,116
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Note 1: In the current earnings distribution, priority is given to the current year's earnings.

2: The distributed amount of cash dividend per share is calculated on the basis of the 195,763,822 issued shares for which change registration has been completed on March 31, 2025

Chairman: Lu, Sheng-Nan CEO: Juan,Chao-Tsung Head of accounting: Fan, Ya-Fen

Attachment 6

The company issued the third domestic unsecured convertible corporate bond Report

On March 1, 2024 the Board of Directors resolved to issue the third domestic unsecured convertible corporate bonds, which were approved by the Financial Supervisory Commission of the Executive Yuan on May 15, 2024, with the letter of Financial Supervisory Certificate No. 11303416551. The Taiwan Securities Exchange Corporation approved the listing of the bonds on August 23, 2024, with the letter of Securities and OTC Bond No. 11300084972.

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Types of corporate bonds The company issued the third domestic unsecured convertible corporate bond
Release date August 23, 2024
Par Value NT$100,000
price of issue 120.85% of the Par Value (issued at a premium, auctioned)
Total amount NT$ 800 million
interest rate 0%
deadline August 23,2029(Five-year term)
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SHIN ZU SHING CO., LTD.

cash capital issuance of new shares and the third domestic unsecured convertible bond case Evaluation opinions of the securities underwriters for each season 2024Q4

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Evaluate the content opinions of the securities
Release date CB ： August 23,2024
Cash capital issuance of new shares ： September 25,2024
Plan the project Repay bank loans
Funding execution The company's 2024 cash capital increase and new shares issuance and the third
progress as domestic unsecured convertible corporate bond plan raised a total of
of the 2024/Q4 NT$2,326,829,000. The company completed the third domestic unsecured
convertible corporate bond raising of NT$966,829,000 and cash capital increase
of NT$1,360,000,000 on August 23 and September 25, 2024, respectively. Of
this, NT$1,276,500,000 was used to repay bank loans, and it is expected to be
completed in the fourth quarter of 2014. After reviewing the relevant subpoenas
and bank statements provided by the company, the company's cumulative
expenditures as of 2024/Q4 were NT$1,276,500,000, and the
actual cumulative capital utilization progress was 100.00%, which was consistent
with the original capital utilization progress and was reasonable.
Assessment of the The funds raised in this fundraising plan have been used to repay bank loans
difference between according to the planned progress, which has helped to reduce the actual
the intended benefit expenditure on interest expenses, and the effectiveness achieved is in line with
and the actual expectations.
achievement
Reasonableness of All the funds raised from the issuance of new shares in the 2024 cash capital
the use of unspent increase and the third domestic unsecured convertible corporate bonds used to
funds repay bank loans have been spent, so there is no unspent capital.
Whether there is a As of the fourth quarter of 2024, the company's actual progress in repaying bank
change in plan loans was 100.00%. After evaluation, its actual progress in utilizing funds was
involved consistent with the original progress, and there was no plan change involved.
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SHIN ZU SHING CO., LTD. cash capital issuance of new shares and the third domestic unsecured convertible bond case Evaluation opinions of the securities underwriters for each season

2024Q4

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Evaluate the content opinions of the securities
Release date CB ： August 23,2024
Cash capital issuance of new shares ： September 25,2024
Plan the project Supplement working capital
Funding execution The total amount raised by the 2024 cash capital increase and new shares
progress as issuance and the third domestic unsecured convertible corporate bond plan is
of the 2024/Q4 NT$2,326,829,000. The company completed the third domestic unsecured
convertible corporate bond fundraising of NT$966,829,000 and cash capital
increase of NT$1,360,000,000 on August 23 and September 25, 2024,
respectively. NT$1,050,329,000 was used to supplement working capital and is
expected to be completed in the fourth quarter of 2024. After reviewing the
relevant subpoenas and transaction vouchers provided by the company, the
company's cumulative expenditure as of the 2024/Q4was NT$1,050,329,000,
and the actual cumulative capital utilization progress was 100.00%, which is
consistent with the original capital utilization progress and is reasonable.
Assessment of the The funds raised in this fundraising plan have been used to support the capital
difference between needs for operations according to the planned progress, which has helped to
the intended benefit reduce the actual expenditure on interest expenses, and the benefits achieved
and the actual are in line with expectations.
achievement
Reasonableness of All the funds raised from the issuance of new shares in the 2024 cash capital
the use of unspent increase and the third domestic unsecured convertible corporate bonds used to
funds supplement working capital have been spent, so there is no unspent capital.
Whether there is a As of the fourth quarter of 2024, the company's actual execution progress for
change in plan replenishing working capital was 100.00%. After evaluation, its actual progress
involved in utilizing funds was consistent with the original progress, and there was no
plan change involved.
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Attachment `7`

`Comparison Table for the Articles of Incorporation Before and After Revision`

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Article After amendment Before amendment Reason for
amendment
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Article 5		The Company's authorized capital is set atNT$3.8 billion divided into thirey-eight million shares, all of which are ordinary shares, at ten New Taiwan dollars per share; the board of directors is authorized to issue unissued shares in installments. NT$100 million is retained from the total capital in the first paragraph and divided into 10 million shares each with a denomination of NT$10, for the issuance of employee stock options, and the board of directors is authorized to issue such options in installments in accordance with the Company Act and relevant laws and regulations.		The Company's authorized capital is set atNT$2.5 billion divided into twenty-five million shares,all of which are ordinary shares, at ten New Taiwan dollars per share; the board of directors is authorized to issue unissued shares in installments. NT$100 million is retained from the total capital in the first paragraph and divided into 10 million shares each with a denomination of NT$10, for the issuance of employee stock options, and the board of directors is authorized to issue such options in installments in accordance with the CompanyAct and relevant laws and regulations.	Increase the registered capital to meet the company's business development needs.

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Article The Company has nine to Twelve directors (Independent The Company has seven to nine directors (no less than three Adjust the number
13 directors shall not account for less than one-third of the board independent directors), with a term of three years, who can of board seats in
seats), with a term of three years, who can be re-elected. The be re-elected. The election of directors adopts the accordance with
election of directors adopts the nomination system of nomination system of candidates, and the shareholders' the company's
candidates, and the shareholders' meeting elects director from meeting elects director from the list of candidates. operational needs.
the list of candidates.
The total number of shares of the Company's registered
The total number of shares of the Company's registered shares shares held by all directors shall be handled in accordance
held by all directors shall be handled in accordance with the with the "Rules and Review Procedures for Director and
"Rules and Review Procedures for Director and Supervisor Supervisor Share Ownership Ratios at Public Companies"
Share Ownership Ratios at Public Companies" issued by the issued by the competent authority.
competent authority. The professional qualifications, shareholding, restrictions
The professional qualifications, shareholding, restrictions on on concurrent positions, nomination and election methods
concurrent positions, nomination and election methods and and other compliance matters of independent directors shall
other compliance matters of independent directors shall be be handled in accordance with relevant laws and
handled in accordance with relevant laws and regulations. regulations.
Article After amendment Before amendment Reason for
amendment
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	Article 19		If the Company has profits for the year (the so-called profits refer to profit before tax) before deduction of employee remuneration and directors' remuneration, no less than 2% shall be allocated for employee remuneration(No less than 60% of the employee remuneration amount under this item shall be distributed to grassroots employees.)and no more than 2% for director's remuneration. However, if the company still has accumulated losses (including adjustments to the amount of undistributed earnings), it shall reserve the amount of compensation for accumulated losses in advance, and then calculate the provisions based on the remaining balance. Employees of subsidiaries of the company meeting certain requirements may be entitled to receive the aforementioned remuneration in the form of cash or shares. The remuneration of the directors in the preceding paragraph can only be paid in cash. All matters related to the payment of employee remuneration and directors' remuneration are handled in accordance with relevant laws and regulations, determined by the board of directors, and reported to the shareholders' meeting.	If the Company has profits for the year (the so-called profits refer to profit before tax) before deduction of employee remuneration and directors' remuneration, no less than 2% shall be allocated for employee remuneration and no more than 2% for director's remuneration. However, if the company still has accumulated losses (including adjustments to the amount of undistributed earnings), it shall reserve the amount of compensation for accumulated losses in advance, and then calculate the provisions based on the remaining balance. Employees of subsidiaries of the company meeting certain requirements may be entitled to receive the aforementioned remuneration in the form of cash or shares. The remuneration of the directors in the preceding paragraph can only be paid in cash. All matters related to the payment of employee remuneration and directors' remuneration are handled in accordance with relevant laws and regulations, determined by the board of directors, and reported to the shareholders' meeting.	The paragraph 6 of Article 14 of the Securities and Exchange Act stipulates

	Article 22		These Articles of Incorporation were established on May 10, 1968 ……… ……… ……… The thirty-fourth revision was on June 12, 2014 The thirty-fifth revision was on June 15, 2016 The thirty-sixth revision was on June 22, 2017 The thirty-seventh revision was on June 21, 2018 The thirty-eighth revision was on June 18, 2019 The thirty-nine revision was on June 10,2025	These Articles of Incorporation were established on May 10, 1968 ……… ……… ……… The thirty-fourth revision was on June 12, 2014 The thirty-fifth revision was on June 15, 2016 The thirty-sixth revision was on June 22, 2017 The thirty-seventh revision was on June 21, 2018 The thirty-eighth revision was on June 18, 2019	Add the amended date

AI assistant

SZS — AGM Information 2025

52319_rns_2025-08-08_f3a2dc77-1b25-4e5f-b44a-7eab6ee91b4f.pdf

SHIN ZU SHING CO., LTD. 2025 Annual Shareholders' Meeting Minutes (Translation)

A. Chairman’s speech (omitted)

B. Report Items

C. Approval Items

F. Other Proposals

Attachment 1

SHIN ZU SHING CO., LTD. 2024 Business Report

Implementation achievements of the 2024 business plan

(I) Operating income and expenditure, and budgets

(II) Profitability Analysis

Summary of the 2025 business plan

Attachment 2

SHIN ZU SHING CO., LTD.

Audit Committee's Review Report

Attachment 3

Independent Auditor's Report

Opinion

Basis for Opinion

Key Audit Matters

Other Matter

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

Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

Attachment 4

Independent Auditor's Report

Opinion

Basis for Opinion

Key Audit Matters

Assessment of Revenue Recognition

Responsibilities of Management and Those Charged with Governance for the Parent Company Only Financial Statements

Auditors’ Responsibilities for the Audit of the Parent Company Only Financial Statements

Notice to Readers

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars, Except Earnings Per Share)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

(English Translation of Parent Company Only Financial Statements Originally Issued in Chinese) SHIN ZU SHING CO., LTD.

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In Thousands of New Taiwan Dollars)

Attachment 5

SHIN ZU SHING CO., LTD. 2024 Earnings Distribution Statement

Attachment 6

The company issued the third domestic unsecured convertible corporate bond Report

SHIN ZU SHING CO., LTD.

cash capital issuance of new shares and the third domestic unsecured convertible bond case Evaluation opinions of the securities underwriters for each season 2024Q4

SHIN ZU SHING CO., LTD. cash capital issuance of new shares and the third domestic unsecured convertible bond case Evaluation opinions of the securities underwriters for each season

2024Q4

Attachment 7

Comparison Table for the Articles of Incorporation Before and After Revision

More from SZS

SZS AGM Information 2025

Attachment `7`

`Comparison Table for the Articles of Incorporation Before and After Revision`