THINKING — Interim / Quarterly Report 2023

Dec 11, 2024

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THINKING Investor Conference

Corporate Introduction

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45 years

of experience in protective component industry

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THINKING ELECTRONIC INDUSTRIAL CO., LTD.
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7 manufacturing sites with continuous expansion

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4200 employees

in THINKING Electronic Group

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10 product categories

for overall circuit protection

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26 countries

of sales support for global service

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Company Introduction

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2008-2023 Consolidated Net Revenue
9,000
7,500 7,463 7,077
8,000
5,920
7,000
5,408
6,000
4,123
5,000
3,211
4,000
3,000
2,000
1,000 +28% +31% +9% +27% -0.5% -5%
-
2008 2012 2016 2020 2021 2022 2023
NTD (Million)
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• Using an exchange rate of 1 USD = 30.77 NTD

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Milestone

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THINKING Factories

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Yichang Factory
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Changzhou Factory
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Front-End
Jiangxi Factory
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Dongguan Factory
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Yilan Factory
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Kaohsiung Factory
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Kaohsiung 2nd Factory
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THINKING Products

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THINKING ELECTRONIC INDUSTRIAL CO., LTD.

Quarterly Consolidated Income Statement

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： Operation Overview Quarterly Consolidated Income Statement

NT$ Thousand

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Quarterly Balance Sheet

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NT$ Thousand

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Analysis of Operating Expenses ： Operation Overview Analysis of Operating Expenses

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MARKETS

Major Markets

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43 %
18 %
16 %
11 %
12 %
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Information and
Communication Technology
Power Consumer
Telecom
Supply Electronics
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Industrial
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Home Appliances and Lighting

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Medical and Others
Other
Medical Distributor
Applications
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Automotive
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Home Appliances Lighting
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MANAGEMENT SYSTEMS

Certification of Management System

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Agency Approval of Product

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Note: is for UL + cUL

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THINKING ELECTRONIC INDUSTRIAL CO., LTD.

THINKING ESG

E NVIRONMENTAL

3084.4 kWp cumulative solar panel capacity installed at THINKING sites 7 % reduction in GHG emissions THINKING Yichang Factory FY2021 to FY2022

• Green product

• Green production

• Green supply chain

• Increase the use of renewable energy

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S OCIAL

• Support the promotional events of reading and e-bookstore projects of Kaohsiung City

• Employees participate in beach clean-up and tree-planting initiatives to contribute to ecosystem restoration

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Adhering to the RBA code of conduct, we uphold labor rights , ensure health and safety , protect the environment , conduct business with high ethical standards , and establish our management systems

G OVERNANCE

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THINKING ESG

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COMPETITIVE STRENGTH

Core Technology

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Material Development

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Our know-how of key raw material and ceramic recipes make our products competitive in the market

SMD type product ●

Lead type product ● Sensor assembly ●

● Laminating & stacking ● Printing ● Sintering ● Surface finishing

Product Design

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Our simulation technology ensures our precise product design

Back-end Processing

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Material design ● Material processing ●

● Packaging ● Measurement ● Automation

Automated production ensures our stable product quality

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UL and TUV Certified Laboratories

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Laboratories of THINKING passed the CTDP (Client Test Data Program) of UL and witness testing qualification of TUV, and they provide the following advantages.

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• International laboratory management is based on ISO 17025

• Testing equipment and technicians are aligned with those of approval agencies , offering reliable test results

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• In-house testing of THINKING products shortens certification process and accelerates customer's new product launch

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Technical Support

THINKING AE discusses technical problems and shares application experience with customers application examples

COMPREHENSIVE TECHNICAL SUPPORT

• AE selects products based on customer’s specific needs

• Online product selection tools provide efficiency and flexibility

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AE discusses circuit design with customers

Backed by our labs, AE assists in developing testing plans and evaluates the results with customers

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Vision

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Contribution to Human Life in

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THINKING Products for Electric Vehicle

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THINKING

Contribute to safety and operation efficiency of electronics